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  • France joins Ireland in ‘raiding national pension fund’
    30 November 2010 par (Open-Publishing)

    France has reportedly passed a law to use the assets in its €36 billion national reserve pension fund to pay off welfare system debts, as Ireland tapped its own reserve pension fund to supplement an EU-IMF bailout.
    The assets of the French pension fund, the Fonds de réserve pour les retraites, have been moved into the agency in charge of refinancing the country’s social debt, Cades, Financial News reported.
    According to the newspaper, the fund will continue to control the assets, but as (…)

  • Financial News: France Seizes EUR36 Billion Of Pension Assets
    30 November 2010 par (Open-Publishing)

    Asset managers will have the chance to get billions of euros in mandates in the next few months for the EUR36 billion Fonds de R??serve pour les Retraites (FRR), the French reserve pension fund, after the French parliament last week passed a law to use its assets to pay off the debts of France’s welfare system.
    The assets have been transferred into the state’s social debt sinking fund Cades. The FRR will continue to control the assets, but as a third-party manager on behalf of Cades.
    The (…)

  • What was, What is, and What’s Coming Next
    28 November 2010 par (Open-Publishing)

    By David Glenn Cox
    Hindsight is 20/20, you can look back throughout history and choose any three events and the future becomes explained. The American Revolution 1776, the French Revolution 1789, the terror 1793 – Napoleon 1799.
    The American Revolution financed in part by France, helped to deplete the French treasury in what Churchill called, “the first world war.” The depleted treasury exacerbated the domestic miseries of the French people, while the idea of republicanism fired their (…)

  • Motion of support for the british students
    18 November 2010 par (Open-Publishing)

    Motion carried by the general meeting of students of the University of Le Havre on the 15th of November, 2010.
    Dear comrades,
    We have learnt with enthusiasm, that on November the 10th of 2010, 50’000 students and academics marched in the streets of London against the rise of tuition fees and the spending cuts announced in British universities.
    We are particularly sensitive to these issues. Indeed, the law dealing with the liberties and responsibilities of the universities, which passed (…)

  • Sarkozy should retire, says France
    27 October 2010 par (Open-Publishing)

    By taking to the streets to defend their pension rights from regressive cuts, the French are fighting for all our benefits
    The demonstrations that have rocked France this past week highlight some of its differences from the United States. The photo here, for example shows the difference between rioting in baseball-playing versus soccer-playing countries. In the US, we would pick up the tear gas canister and throw it, rather than kick it, back at the police.
    More importantly, the French (…)

  • Another Great Day for Democracy
    22 October 2010 par (Open-Publishing)
    2 comments

    By David Glenn Cox
    There is good journalism and then there is bad journalism and then there is reprehensible journalism. The reprehensible journalist is akin to the kid whose parents worked two jobs so he could attend the Julliard school of music. Only to graduate and take a job with Muszak rewriting Black Sabbath songs to be used as elevator music with a Paul Anka impersonator singing, “I am Iron Man.”
    It is reprehensible not just because it is bad, but because the opportunity is there (…)

  • Testicle Importation
    20 October 2010 par (Open-Publishing)

    By David Glenn Cox
    Those of you who know me well, know I’m a buy American first kind of guy. I don’t drive foreign cars or eat fancy foreign cheeses but you just can’t grow a good Brazil nut in Omaha. There are sometimes when importation is the only answer to a national shortage.
    Don’t ask me why, maybe its the fluoride in the water or all those atom bomb tests back in the 1950’s but this country is facing a serious testicle shortage. It would certainly seem to explain the volume of porn (…)

  • sarkozy’s own pension scheme
    19 October 2010 par (Open-Publishing)

    Politis, a french news paper explain one reason mr Sarkozy could be interested in passing his reform.
    His brother, Mr guillame Sarkozy his at the head of a company created in 2008 that sell pension scheme.
    Politis says, banks and insurance companies are looking forward the application of the reform that pushes the retirement age from 60 to 62.
    Mr Sarkozy (guillaume) is looking for a benefit of 1.2 billion euro within a few years. His company, has already make plans toward it.
    All that (…)

  • Row brewing between Sarkozy and Merkel over Roma
    17 September 2010 par (Open-Publishing)

    French Foreign Minister Bernard Kouchner said on Friday he had not been aware of a discussion in Brussels on the Roma issue between President Nicolas Sarkozy and German Chancellor Angela Merkel that has led to a bilateral row.
    “I did not witness (such a discussion), although I was present the entire time,” Mr. Kouchner told Europe 1 radio. “The president also did not tell me anything about it. I don’t know if it took place somewhere off on the side.” Mr. Sarkozy told journalists in (…)

  • Nicolas Sarkozy evokes memories of Gestapo by rounding up Roma for expulsion
    19 August 2010 par (Open-Publishing)
    3 comments

    TWO boys stood in a gymnasium in an eastern Paris suburb yesterday and pondered their future. "I want to be a mechanic and a footballer," said Benjamin, 14.
    "First, I’d like to go to school," he added.
    His companion, who has also never been to school, wanted to be a journalist.
    The boys’ immediate future is fairly certain. The French police will pack them off to Eastern Europe, along with other foreign Roma whom President Sarkozy plans to expel in a clampdown on illegal immigration and (…)