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Contents contributed and discussions participated by Gene Ellis

Gene Ellis

Europe risks 'significant' gas shortages this winter - FT.com - 0 views

  • Europe risks ‘significant’ gas shortages this winter
  • Eastern European nations are working on ambitious plans to develop terminals to import liquefied natural gas but these will not be ready by the winter.
    • Gene Ellis
       
      Dubious, given that the danger is not gas deliveries through Ukraine, but Russian reductions in total supply in hopes of cowing the EU...
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  • Still, Europe is in a stronger position now than in 2009. Five years ago, 80 per cent of Russian gas was piped across Ukraine, whereas now less than 50 per cent takes that route, thanks to the Nord Stream pipeline under the Baltic sea.
  • Total executives have predicted that Russia will be the largest contributor to the group’s oil production by 2020.
  • Total has also indicated that it intends to increase its stake in Novatek, one of whose major shareholders, Gennady Timchenko, is on the US blacklist.
  • “Novatek is not subject to sanctions. So we work with Novatek as before and we will continue.”
Gene Ellis

Germany and EU row over energy subsidies - FT.com - 0 views

  • Germany and EU row over energy subsidies
  • The dispute relates to the billions of euros of German public subsidies deployed to promote the energiewende shift to renewables while at the same time shielding heavy industry from the costs
  • Germany plans to generate up to 60 per cent of its electricity from renewable sources by 2035, as part of a radical shift in energy supply which involves a complete exit from nuclear power. The expansion of clean energy has been encouraged by a generous system of subsidies paid to renewables operators. These have been funded by surcharges that have left Germany with some of the highest household electricity bills in Europe.
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  • There is nothing new in the need to address possible discrimination of imported electricity by Germany,” he said. “If consumers have to pay a surcharge on their consumption of both domestic and imported electricity but revenue from the surcharge is used to only finance domestic electricity producers, there is a risk that imported electricity is disadvantaged and made comparatively more expensive.”
Gene Ellis

Why Do Americans Stink at Math? - NYTimes.com - 0 views

  • Why Do Americans Stink at Math?
  • The Americans might have invented the world’s best methods for teaching math to children, but it was difficult to find anyone actually using them.
  • In fact, efforts to introduce a better way of teaching math stretch back to the 1800s. The story is the same every time: a big, excited push, followed by mass confusion and then a return to conventional practices.
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  • Carefully taught, the assignments can help make math more concrete. Students don’t just memorize their times tables and addition facts but also understand how arithmetic works and how to apply it to real-life situations. But in practice, most teachers are unprepared and children are baffled, leaving parents furious.
  • On national tests, nearly two-thirds of fourth graders and eighth graders are not proficient in math. More than half of fourth graders taking the 2013 National Assessment of Educational Progress could not accurately read the temperature on a neatly drawn thermometer.
  • On the same multiple-choice test, three-quarters of fourth graders could not translate a simple word problem about a girl who sold 15 cups of lemonade on Saturday and twice as many on Sunday into the expression “15 + (2×15).” Even in Massachusetts, one of the country’s highest-performing states, math students are more than two years behind their counterparts in Shanghai.
  • A 2012 study comparing 16-to-65-year-olds in 20 countries found that Americans rank in the bottom five in numeracy.
  • On a scale of 1 to 5, 29 percent of them scored at Level 1 or below, meaning they could do basic arithmetic but not computations requiring two or more steps.
  • One study that examined medical prescriptions gone awry found that 17 percent of errors were caused by math mistakes on the part of doctors or pharmacists.
  • “I’m just not a math person,” Lampert says her education students would say with an apologetic shrug.
  • In the 1970s and the 1980s, cognitive scientists studied a population known as the unschooled, people with little or no formal education.
  • For instance, many of the workers charged with loading quarts and gallons of milk into crates had no more than a sixth-grade education. But they were able to do math, in order to assemble their loads efficiently, that was “equivalent to shifting between different base systems of numbers.”
  • Studies of children in Brazil, who helped support their families by roaming the streets selling roasted peanuts and coconuts, showed that the children routinely solved complex problems in their heads to calculate a bill or make change.
  • The cognitive-science research suggested a startling cause of Americans’ innumeracy: school.
  • Only when the company held customer focus groups did it become clear why. The Third Pounder presented the American public with a test in fractions. And we failed. Misunderstanding the value of one-third, customers believed they were being overcharged. Why, they asked the researchers, should they pay the same amount for a third of a pound of meat as they did for a quarter-pound of meat at McDonald’s. The “4” in “¼,” larger than the “3” in “⅓,” led them astray.
  • In the process, she gave them an opportunity to realize, on their own, why their answers were wrong.
  • At most education schools, the professors with the research budgets and deanships have little interest in the science of teaching
  • The answer-getting strategies may serve them well for a class period of practice problems, but after a week, they forget. And students often can’t figure out how to apply the strategy for a particular problem to new problems.
  • Some of the failure could be explained by active resistance.
  • A year after he got to Chicago, he went to a one-day conference of teachers and mathematicians and was perplexed by the fact that the gathering occurred only twice a year.
  • More distressing to Takahashi was that American teachers had almost no opportunities to watch one another teach.
  • In Japan, teachers had always depended on jugyokenkyu, which translates literally as “lesson study,” a set of practices that Japanese teachers use to hone their craft. A teacher first plans lessons, then teaches in front of an audience of students and other teachers along with at least one university observer. Then the observers talk with the teacher about what has just taken place. Each public lesson poses a hypothesis, a new idea about how to help children learn.
  • The research showed that Japanese students initiated the method for solving a problem in 40 percent of the lessons; Americans initiated 9 percent of the time.
  • Similarly, 96 percent of American students’ work fell into the category of “practice,” while Japanese students spent only 41 percent of their time practicing.
  • Finland, meanwhile, made the shift by carving out time for teachers to spend learning. There, as in Japan, teachers teach for 600 or fewer hours each school year, leaving them ample time to prepare, revise and learn. By contrast, American teachers spend nearly 1,100 hours with little feedback.
  • “Sit on a stone for three years to accomplish anything.”
  • In one experiment in which more than 200 American teachers took part in lesson study, student achievement rose, as did teachers’ math knowledge — two rare accomplishments.
  • Examining nearly 3,000 teachers in six school districts, the Bill & Melinda Gates Foundation recently found that nearly two-thirds scored less than “proficient” in the areas of “intellectual challenge” and “classroom discourse.”
Gene Ellis

EU economic sanction on Russia won't affect gas - Rompey - RT Business - 0 views

  • EU economic sanction on Russia won’t affect gas – Rompey
  • The first principle is that "the measures in the field of sensitive technologies will only affect the oil sector in view of the need to preserve EU energy security," an EU source familiar with the letter told Reuters.
  • The second principle of “non-retroactivity will apply across all targeted sectors, notably in the field of arms trade and restrictions on access to capital markets,” Van Rompuy wrote.
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  • The third principle is that the ban on exports of dual-use technology, which applies to military and civilian products, will for now be limited to military end-users.
Gene Ellis

A Dwindling Army Tempts New Recruits With a Charm Offensive - NYTimes.com - 0 views

  • Much to the consternation of Washington, no European country comes anywhere close to matching the United States in military spending. That includes Germany, whose defense budget of about $44 billion amounts to about 1.3 percent of its gross domestic product, compared with over 4 percent for the United States.
Gene Ellis

Russia's message to the E.U.: Money talks - The Washington Post - 0 views

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    Anne Applebaum
Gene Ellis

Revisiting the pain in Spain | vox - 0 views

  • The fundamental reason why this was possible was the ECB’s announcement in 2012 that it would perform the role of lender of last resort in the government bond markets. This took the fear factor out of the market, and allowed yields in the Spanish (and other) government bond markets to decline without fundamentals showing much – if any – improvement.
  • This was made possible by the fact that in the UK – a stand-alone country – the adjustment mechanism included a large currency depreciation that led to a significantly higher nominal growth rate than in Spain, where currency depreciation was not possible and where intense austerity measures were imposed.
  • This in a way can be said to be the price Spain paid for being in a monetary union.
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  • The ECB’s Outright Monetary Transactions programme was instrumental in reducing Spanish government bond yields. This alleviated the Spanish fiscal position, but did not make it sustainable. The continuing unsustainability of the Spanish government debt has to do with two factors: First while r (the interest rate) declined, g (nominal growth) remained much lower in Spain than in the UK. The latter was due to the deflationary forces in the Eurozone – themselves a result of excessive austerity and the absence of currency depreciation (which was made possible in the UK thanks to the expansionary monetary policies of the Bank of England).
Gene Ellis

A glance at military spending in NATO's European members | Fox News - 0 views

  • A glance at military spending in NATO's European members
  • 2.4 percent of GDP, British military spending exceeded $60 billion in 2013 — the highest of all European NATO members
  • 1.9 percent last year, according to NATO statistics.
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  • about 1.3 percent of GDP is devoted to the military.
  • Poland's President Bronislaw Komorowski announced Tuesday that Poland would raise that figure to 2 percent as "a very tangible, very clear engagement" in the alliance
  • 1.2 percent of its GDP on the military
  • 1.3 percent of its GDP on the military.
  • Germany is reducing the size of its army, which is expected to slightly trim military spending in coming years.
  • inancially challenged Spain's defense budget has shrunk from 1.2 percent of GDP in 2009 to 0.9 percent, NATO statistics show.
Gene Ellis

Nouriel Roubini maps out the Kremlin's plan for a re-divided world. - Project Syndicate - 0 views

  • Russia’s goal is not to create another North American Free Trade Agreement; it is to create another EU, with the Kremlin holding all of the real levers of power.
  • And, once members give up their sovereignty over fiscal, banking, and economic affairs, they may eventually need a partial political union to ensure democratic legitimacy.
  • But the first step is a customs union, and, in the case of the Eurasian Union, it had to include Ukraine, Russia’s largest neighbor to the west.
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  • There is even talk of Russia and China creating an alternative international payment system to replace the SWIFT system, which the US and Europe can use to impose financial sanctions against Russia.
  • But Putin is ambitious, and – like other autocrats in Central Asian nations – he may remain in power for decades to come. And, like it or not, even a Russia that lacks the dynamism needed to succeed in manufacturing and the industries of the future will remain a commodity-producing
  • superpower.
  • US President Barack Obama says that this is not the beginning of a new Cold War; current trends may soon suggest otherwise.
Gene Ellis

Alibaba Is Investing Huge Sums in an Array of U.S. Tech Companies - NYTimes.com - 0 views

  • Alibaba Is Investing Huge Sums in an Array of U.S. Tech Companies
Gene Ellis

Dmitri Trenin says that only one major country stands to gain from Russia's conflict wi... - 0 views

  • Similarly, Russia’s nominal partners in its Eurasian Union project – Armenia, Belarus, Kazakhstan, and Kyrgyzstan – will need to balance carefully between Russia, their nominal “strategic” ally, and the US, which holds the keys to the international political and economic system.CommentsView/Create comment on this paragraph
    • Gene Ellis
       
      If this were only the result of US pressure, the effort would backfire.  If it were a rigorous attempt by the EU to avoid being cast into dependency, it would be another matter.
  • As a result of US pressure, the EU will eventually buy less gas and oil from Russia, and the Russians will buy fewer manufactured goods from their neighbors.
Gene Ellis

Italy Falls Back Into Recession, Raising Concern for Eurozone Economy - NYTimes.com - 0 views

  • Italy Falls Back Into Recession, Raising Concern for Eurozone Economy
  • The economic data and news that Russia was massing troops and military equipment on the Ukrainian border caused stock prices to fall across Europe on Wednesday.
  • Analysts surmised that the strained relations with Russia as well as turmoil in the Middle East had undercut demand for Italian exports, in particular fashion and other luxury goods.
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  • “I definitely expect that things will get worse,” he said.
  • The European Union exported agricultural goods worth 11.8 billion euros, or $15.8 billion, to Russia last year, and sales have been rising at a rate of almost 15 percent a year.
  • Some economists argue that the region is already well into a so-called lost decade.
  • Separately, the German Federal Statistical Office reported on Wednesday that new industrial orders in Germany fell 3.2 percent in June compared with May. Analysts had expected orders to increase.
  • For Italy, the deteriorating economy puts greater pressure on Prime Minister Matteo Renzi, who less than a week ago promised not to impose any more government budget cuts and to invest in improving the country’s roads and other infrastructure. Such promises will be difficult to keep if slower growth, which usually translates into higher unemployment and lower corporate profits, limits tax receipts.A slower economy also endangers Italy’s ability to comply with eurozone rules on budget deficits.
  • Italy’s 2.1 trillion euro government debt equals 136 percent of its annual gross domestic product, the second-highest debt ratio in the eurozone, after Greece.
  • They said Italy’s problems stemmed more from its failure make changes needed to improve the performance of its economy.
  • The slow pace of structural reforms is worrisome,” said Paolo Manasse, a professor of macroeconomics at Bologna University. He said there was no sign of progress on necessary steps like selling off state-owned assets or overhauling the labor market or public pension system.
Gene Ellis

Angela Merkel scolds Italy and France over the faltering eurozone recovery | Business |... - 0 views

  • said faltering growth was the direct result of the 18-member currency zone's inability to punish those countries that ran high deficits in contravention of limits set by Brussels.
  • "We have very little, if any, possibility of sanctioning those countries that break the rules," she said.
  • Her comments echoed those of ECB president Mario Draghi, who last month warned that without moves to strengthen the fiscal pact and impose punishments on rule-breaking countries, the eurozone project could flounder.
Gene Ellis

A Driving School in France Hits a Wall of Regulations - NYTimes.com - 0 views

  • The other driving schools have sued them, saying their innovations break the rules.
  • partly because getting a driver’s license here is so difficult and expensive that it has inspired books on the subject,
  • their struggle highlights how the myriad rules governing driving schools — and 36 other highly regulated professions — stifle competition and inflate prices in France.
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  • In the case of driving schools, the government offers only a limited number of exams each year, and these are doled out to the driving schools depending on their success rate the year before. That fact alone gives the old guard a virtual monopoly,
  • calling for an overhaul of the written test, which he says goes far beyond making sure that a person knows the rules of the road.
  • Some studies have concluded that the French are probably paying 20 percent more than they should for the services they get from regulated professions, which include notaries, lawyers, bailiffs, ambulance drivers, court clerks, driving instructors and more.
  • The failure rate for the French driving exam is about 41 percent, the government office for road safety said. The cost to the economy goes beyond the embarrassment of those who fail, according to those who have studied it.
  • barriers to getting a license are so high that about one million French people, who should have licenses, have never been able to get them.
  • Mr. Kramarz said that it often costs 3,000 euros, or about $3,900, to get a license. But others said the average was closer to 1,500 to 2,000 euros.
  • Although students are required to take only 20 hours of driving lessons, most end up doing double that while they wait for a chance to take the test.
Gene Ellis

Europe's Farmers Feel the Weight of Russian Ban - NYTimes.com - 0 views

  • Europe’s Farmers Feel the Weight of Russian Ban
  • For Fromi Rungis, Russia accounted for 10 percent of its foreign sales.
Gene Ellis

The German locomotive has become Europe's liability - FT.com - 0 views

  • It is true German exports to Russia and eastern Europe have declined since the beginning of the year. But, given that they never accounted for more than 4 per cent of total exports, this does little to explain the country’s lacklustre performance.
  • The main problem is not weak export demand or the reluctance of consumers to spend money but the fact that companies are unwilling to invest in new productive assets. Investment now accounts for a smaller portion of output in Germany than in most other industrialised countries.
  • Germany’s public investment in transport infrastructure and education has long been among the lowest in Europe.
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  • The country should also use its political clout to convince its partners and Brussels to implement a European reform agenda that targets investment and growth.
Gene Ellis

Russia aims to choke off gas re-exports to Ukraine - FT.com - 0 views

  • Russia aims to choke off gas re-exports to Ukraine
Gene Ellis

Italy struggles with Plan B if Russian gas supplies cut | Reuters - 0 views

  • Italy struggles with Plan B if Russian gas supplies cut
Gene Ellis

Flammkuchen mit Bacon Recipe - 0 views

  • Flammkuchen Recipe - Alsatian Pizza
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