The Spanish housing boom goes bust.
"Some 65km from Madrid, in the quintessentially Spanish heart of a country riven by competing regional identities, Valdeluz – the notorious ciudad fantasma (ghost town) of the crisis – was conceived at the height of what is sometimes called Spain’s economic miracle. In a Catholic nation, whose faith has declined substantially during its three decades of democracy, there is an increasing reluctance to believe in miracles of any kind."
posted by Occam's Aftershave
on Aug 6, 2014 -
Banco Espírito Santo, Portugal's second largest bank by assets held, was nationalized "through the back door
" several days ago after the shocking revelations of money laundering and tax evasion by the bank's founding family
which had become
public over the past few months caused the bank to post a recordbreaking loss of 3.6 billion euros. [more inside]
posted by librarylis
on Jul 31, 2014 -
Not sure who to vote for in this month's European Parliament elections? Find the party that best represents you at MyVote2014.eu
. While you're there, play the game
and find out how much you really
know about EU politics.
posted by rollick
on May 6, 2014 -
Marc Wilson’s series The Last Stand documents the remains of coastal fortifications that lined Northern Europe during the Second World War — bunkers swallowed by the sea, pillboxes barely clinging to land, buildings ripped from their foundations and wrecked on the rocks — from Allied positions on England’s east coast and the far tip of the Northern Isles, to the once German-occupied archipelago of the Channel Islands and the remains of the Atlantikwall, the colossal Nazi defense network which stretched from Norway to Spain. Slideshow
posted by infini
on Feb 4, 2014 -
Don't believe France's reputation as a country where sexual peccadillos are always overlooked. After a vote by the country's National Assembly on Wednesday, it has just joined a growing group of European nations where buying sex is now illegal. France is not alone in its fresh efforts to curb prostitution. The move follows similar bans in Sweden and Norway, while other European countries are also scaling back laissez-faire prostitution policies. Germany is poised to change its liberal sex trade laws, while Ireland is also debating a measure similar to France's. Is the end of legal prostitution in Europe in sight?
(Don't miss the deep and interesting links found within the article.) [more inside]
posted by Blasdelb
on Dec 8, 2013 -
World War I in Color
is a documentary designed to make the Great War come alive for a 21st-century audience. The events of 1914-18 are authoritatively narrated by Kenneth Branagh, who presents the military and political overview, while interviews with historians add different perspectives in six 48 minute installments annotated within. [more inside]
posted by Blasdelb
on Oct 31, 2013 -
The American way of using a fork and knife is inefficient and inelegant. (SLSlate) Do you cut-and-switch? Well, you've got to stop. The more time you waste pointlessly handing utensils back and forth to yourself, the less time you’ll have to cherish life and liberty, pursue happiness, and contribute to America’s future greatness. And also—though that snob at dinner surely didn't know this—the supposedly all-American cut-and-switch is in fact an old European pretension, of just the sort we decided to free ourselves from 237 years ago.
posted by Cash4Lead
on Jul 5, 2013 -
"[Peer Steinbrück, the chancellor-candidate] is a good man, with quite a bold programme for ‘social justice’.
Tax increases for the better-off, a proper minimum wage, dual citizenship for immigrants, less elbowing individualism and more solidarity in a society where das Wir entscheidet – ‘it’s the we that counts.’ The German public, surprisingly, mostly agree that increasing taxes is a sound idea. What they resent is that the idea comes from the SPD. In the same way, the Augsburg programme is widely thought to make sense, but the voters don’t fancy Peer Steinbrück. They are pissed off with Angela Merkel’s governing coalition, but reluctant to let go of Mutti’s hand. In short, the public are in one of those sullen, unreasonable moods which make politicians despair." The LRB reports from Germany. [via
posted by rollick
on May 31, 2013 -
- photos of traditional animal costumes of Europe, by Charles Freger
. Also in National Geographic
, and in the New York Times' Lens Blog
“These traditions come from Neolithic times — from shamanism — and they have never stopped,” said Mr. Fréger, 38. “For a few nights you can behave like a goat, drink a lot and forget about being civilized. You can be a wild animal for three days and then you go back to controlling your wildness.”
posted by moonmilk
on Mar 18, 2013 -
Actual fascists in actual black shirts are actually marching around Athens waving swastikas and burning torches, and maiming and murdering ethnic minorities, and world governments appear frighteningly relaxed about it as long as the Greek people continue to pay off the debts of the European elite. When the lessons of history are taught by rote, they can be easy to miss when most needed. This time, Europe must remember that the price of fostering fascism is crueller and costlier by far than any national debt.
- Laurie Penney: It's not rhetoric to draw parallels with Nazism
posted by Happy Dave
on Aug 30, 2012 -
Financial Markets, Politics and the New Reality
: "Louis M. Bacon is the head of Moore Capital Management, one of the largest and most influential hedge funds in the world. Last week, he announced that he was returning one quarter of his largest fund, about $2 billion, to his investors, [saying] it is impossible to make money when there is heavy political involvement, because political involvement introduces unpredictability in the market… Adam Smith and David Ricardo, who modern investors so admire, [never] used the term "economics" by itself, but only in conjunction with politics; they called it political economy… The investors' problem is that they mistake the period between 1991 and 2008 as the norm and keep waiting for it to return."
posted by the mad poster!
on Aug 9, 2012 -
The ruins of empire: Asia's emergence from western imperialism Moreover, a narcissistic history – one obsessed with western ideals, achievements, failures and challenges – can only retard a useful understanding of the world today. For most people in Europe and America, the history of the present is still largely defined by victories in the second world war and the long standoff with Soviet communism, even though the central event of the modern era, for a majority of the world's population, is the intellectual and political awakening of Asia and its emergence, still incomplete, from the ruins of both Asian and European empires. The much-heralded shift of power from the west to the east may or may not happen. But only neo-imperialist dead-enders will deny that we have edged closer to the cosmopolitan future the first generation of modern Asian thinkers, writers and leaders dreamed of – in which people from different parts of the world meet as equals rather than as masters and slaves, and no one needs to shoot elephants to confirm their supremacy.
posted by infini
on Jul 29, 2012 -