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Javier E

History of the Caribbean - Wikipedia, the free encyclopedia - 0 views

  • According to conventional historical belief, Puerto Ricans have mainly Spanish ethnic origins, with some African ancestry, and distant and less significant indigenous ancestry. Cruzado's research revealed surprising results in 2003. It found that, in fact, 61 percent of all Puerto Ricans have Amerindian mitochondrial DNA, 27 percent have African and 12 percent Caucasian.[4]
  • The trade in slaves was abolished in the British Empire through the Abolition of the Slave Trade Act in 1807. Men, women and children who were already enslaved in the British Empire remained slaves, however, until Britain passed the Slavery Abolition Act in 1833. When the Slavery Abolition Act came into force in 1834, roughly 700,000 slaves in the British West Indies immediately became free; other enslaved workers were freed several years later after a period of forced apprenticeship.[citation needed] Slavery was abolished in the Dutch Empire in 1814. Spain abolished slavery in its empire in 1811, with the exceptions of Cuba, Puerto Rico, and Santo Domingo; Spain ended the slave trade to these colonies in 1817, after being paid ₤400,000 by Britain. Slavery itself was not abolished in Cuba until 1886. France abolished slavery in its colonies in 1848.
  • The more significant development came when Christopher Columbus wrote back to Spain that the islands were made for sugar development.[20] The history of Caribbean agricultural dependency is closely linked with European colonialism which altered the financial potential of the region by introducing a plantation system. Much like the Spanish enslaved indigenous Indians to work in gold mines, the 17th century brought a new series of oppressors in the form of the Dutch, the English, and the French. By the middle of the 18th century sugar was Britain's largest import which made the Caribbean that much more important as a colony.
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  • Sugar was a luxury in Europe prior to the 18th century. It became widely popular in the 18th century, then graduated to becoming a necessity in the 19th century.
Javier E

Rewriting the War, Japanese Right Attacks a Newspaper - NYTimes.com - 0 views

  • Tabloids brand him a traitor for disseminating “Korean lies” that they say were part of a smear campaign aimed at settling old scores with Japan. Threats of violence, Mr. Uemura says, have cost him one university teaching job and could soon rob him of a second. Ultranationalists have even gone after his children, posting Internet messages urging people to drive his teenage daughter to suicide.
  • The threats are part of a broad, vitriolic assault by the right-wing news media and politicians here on The Asahi, which has long been the newspaper that Japanese conservatives love to hate. The battle is also the most recent salvo in a long-raging dispute over Japan’s culpability for its wartime behavior that has flared under Prime Minister Shinzo Abe’s right-leaning government.
  • “The War on The Asahi,” as commentators have called it, began in August when the newspaper bowed to public criticism and retracted at least a dozen articles published in the 1980s and early ’90s. Those articles cited a former soldier, Seiji Yoshida, who claimed to have helped abduct Korean women for the military brothels. Mr. Yoshida was discredited two decades ago, but the Japanese right pounced on The Asahi’s gesture and called for a boycott to drive the 135-year-old newspaper out of business.
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  • With elections this month, analysts say conservatives are trying to hobble the nation’s leading left-of-center newspaper. The Asahi has long supported greater atonement for Japan’s wartime militarism and has opposed Mr. Abe on other issues. But it is increasingly isolated as the nation’s liberal opposition remains in disarray after a crushing defeat at the polls two years ago.Continue reading the main story
  • Among the women who have come forward to say they were forced to have sex with soldiers are Chinese, Koreans and Filipinos, as well as Dutch women captured in Indonesia, then a Dutch colony.
  • The revisionists, however, have seized on the lack of evidence of abductions to deny that any women were held captive in sexual slavery and to argue that the comfort women were simply camp-following prostitutes out to make good money.
  • Many on the right have argued that Japan’s behavior was no worse than that of other World War II combatants, including the United States’ bombing of Japanese civilians.
  • Since August, The Asahi’s daily circulation has dropped by 230,797 to about seven million
  • Mr. Uemura said The Asahi had been too fearful to defend him, or even itself. In September, the newspaper’s top executives apologized on television and fired the chief editor.
  • Mr. Uemura did not attend, explaining that he was now reluctant to appear in public. “This is the right’s way of threatening other journalists into silence,” he said. “They don’t want to suffer the same fate that I have.”
Javier E

Netherlands PM uses Britain's Brexit 'chaos' as cautionary tale | World news | The Guar... - 0 views

  • In a full-page advert in the Algemeen Dagblad, Rutte said he saw the Netherlands, “a country that isn’t perfect but where we do make progress”, as a “precious possession” that belonged to everyone but “was brittle … and can easily break”
  • He compared the country to “a fragile vase” held by its 17 million “ordinary and exceptional” citizens who “do not only want a good life for themselves and those around them, but also want to contribute to the happiness of others”.
  • Making sure the vase stays in one piece often requires “compromises … in which difficult problems are solved in a sensible way,” he said: “I almost never get my way. I water down my demands because I have a responsibility to keep that vase intact.”
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  • People who refuse to compromise and work together are “gripping the vase so tightly that it breaks”, Rutte, who has been prime minister since 2010, continued. There were examples of societies that have collectively “dropped the vase”, he said. “Look at Britain. There, the country’s politicians and people have forgotten what they have achieved together. And now they are caught up in chaos,” Rutte wrote.
  • Analysts have calculated a no-deal Brexit would knock 4.25% off Dutch GDP.
  • “If anyone in the Netherlands thinks Nexit is a good idea,” he said, “just look at England and see the enormous damage it does.”
  • he compared those stirring up division in the Netherlands to “screaming sideline football dads”. There were plenty in politics, he said, “shouting stuff into microphones because they know there will never be a majority for it, so they need never be responsible for the consequences”.
manhefnawi

House of Habsburg | European dynasty | Britannica.com - 0 views

  • royal German family
  • of Europe from the 15th to the 20th century
  • The name Habsburg is derived from the castle of Habsburg
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  • built in 1020 by Werner
  • in the Aargau
  • in what is now Switzerland
  • rebelled against the German king Otto I in 950
  • Rudolf II of Habsburg (died 1232)
  • Rudolf III’s descendants, however, sold their portion, including Laufenburg, to Albert IV’s descendants before dying out in 1408
  • Albert IV’s son Rudolf IV of Habsburg was elected German king as Rudolf I in 1273. It was he who, in 1282, bestowed Austria and Styria on his two sons Albert (the future German king Albert I) and Rudolf (reckoned as Rudolf II of Austria). From that date the agelong identification of the Habsburgs with Austria begins
  • the most formidable dynasty was no longer the Habsburg but the Bourbon. In the War of the Grand Alliance (1689–97) the rising powers that 100 years earlier had been Habsburg Spain’s principal enemies and feeble France’s most fluent encouragers
  • Apart from the Bourbon ascendancy
  • The physical debility of Charles II of Spain was such that no male heir could be expected to be born to him
  • his crowns would pass to the electoral prince of Bavaria, Joseph Ferdinand, son of his niece Maria Antonia, daughter of the emperor Leopold I.
  • Charles II’s next natural heirs were the descendants (1) of his half-sister, who had married Louis XIV of France, and (2) of his father’s two sisters, of whom one had been Louis XIV’s mother and the other the emperor Leopold I’s
  • Critical tension developed: on the one hand neither the imperial Habsburgs nor their British and Dutch friends could consent to their Bourbon enemy’s acquiring the whole Spanish inheritance
  • Charles II in the meantime regarded any partition of his inheritance as a humiliation to Spain: dying in 1700, he named as his sole heir a Bourbon prince, Philip of Anjou, the second of Louis XIV’s grandsons. The War of the Spanish Succession ensued
  • To allay British and Dutch misgivings, Leopold I and his elder son, the future emperor Joseph I, in 1703 renounced their own claims to Spain in favour of Joseph’s brother Charles, so that he might found a second line of Spanish Habsburgs distinct from the imperial
  • Sardinia, however, was exchanged by him in 1717 for Sicily, which the peacemakers of Utrecht had assigned to the House of Savoy.
  • Charles remained technically at war with Bourbon Spain until 1720
  • Meanwhile the extinction of the Spanish Habsburgs’ male line and the death of his brother Joseph left Charles, in 1711, as the last male Habsburg. He had therefore to consider what should happen after his death. No woman could rule the Holy Roman Empire, and furthermore the Habsburg succession in some of the hereditary lands was assured only to the male line
  • he issued his famous Pragmatic Sanction of April 19, 1713, prescribing that, in the event of his dying sonless, the whole inheritance should pass (1) to a daughter of his, according to the rule of primogeniture, and thence to her descendants; next (2) if he himself left no daughter, to his late brother’s daughters, under the same conditions; and finally (3) if his nieces’ line was extinct, to the heirs of his paternal aunts
  • The attempt to win general recognition for his Pragmatic Sanction was Charles VI’s main concern from 1716 onward
  • By 1738, at the end of the War of the Polish Succession (in which he lost both Naples and Sicily to a Spanish Bourbon but got Parma and Piacenza
  • acknowledged the Pragmatic Sanction. His hopes were illusory: less than two months after his death, in 1740, his daughter Maria Theresa had to face a Prussian invasion of Silesia, which unleashed the War of the Austrian Succession
  • Bavaria then promptly challenged the Habsburg position in Germany; and France’s support of Bavaria encouraged Saxony to follow suit and Spain to try to oust the Habsburgs from Lombardy
  • The War of the Austrian Succession cost Maria Theresa most of Silesia, part of Lombardy, and the duchies of Parma and Piacenza (Treaty of Aix-la-Chapelle, 1748) but left her in possession of the rest of her father’s hereditary lands
  • her husband, Francis Stephen of Lorraine, who in 1737 had become hereditary grand duke of Tuscany, was finally recognized as Holy Roman emperor, with the title of Francis I. He and his descendants, of the House of Habsburg–Lorraine, are the dynastic continuators of the original Habsburgs
  • An Austro-French entente was subsequently maintained until 1792: the marriage of the archduchess Marie-Antoinette to the future Louis XVI of France (1770) was intended to confirm it
  • the Habsburgs exerted themselves to consolidate and to expand their central European bloc of territory
  • when the emperor Francis I died (1765), his eldest son, the emperor Joseph II, became coregent with his mother of the Austrian dominions, but Joseph’s brother Leopold became grand duke of Tuscany
  • The northeastward expansion of Habsburg central Europe, which came about in Joseph II’s time, was a result not so much of Joseph’s initiative as of external events: the First Partition of Poland (1772)
  • The French Revolutionary and Napoleonic Wars brought a kaleidoscopic series of changes
  • On Napoleon’s downfall the Congress of Vienna (1814–15) inaugurated the Restoration, from which the battered House of Habsburg naturally benefitted
  • a brother of the Holy Roman emperors Joseph II and Leopold II, had in 1771 married the heiress of the House of Este; and Napoleon’s Habsburg consort, Marie Louise
  • The history of the House of Habsburg for the century following the Congress of Vienna is inseparable from that of the Austrian Empire
  • German, Italian, Hungarian, Slav, and Romanian—gradually eroded. The first territorial losses came in 1859, when Austria had to cede Lombardy to Sardinia–Piedmont, nucleus of the emergent kingdom of Italy
  • Next, the Seven Weeks’ War of 1866, in which Prussia, exploiting German nationalism, was in alliance with Italy, forced Austria both to renounce its hopes of reviving its ancient hegemony in Germany and to cede Venetia.
  • Franz Joseph took a step intended to consolidate his “multinational empire”
  • he granted to that kingdom equal status with the Austrian Empire in what was henceforth to be the Dual Monarchy of Austria–Hungary.
  • The ardent German nationalists of the Austrian Empire, as opposed to the Germans who were simply loyal to the Habsburgs, took the same attitude as did the Magyars
  • Remote from Austria’s national concerns but still wounding to the House of Habsburg was the fate of Franz Joseph’s brother Maximilian: set up by the French as emperor of Mexico in 1864
  • In 1878 Austro-Hungarian forces had “occupied” Bosnia and Herzegovina, which belonged to declining Turkey
  • World War I led to the dismemberment of the Habsburg Empire. While Czechs, Slovaks, Poles, Romanians, Serbs, Croats, Slovenes, and Italians were all claiming their share of the spoil, nothing remained to Charles, the last emperor and king, but “German” Austria and Hungary proper
martinelligi

The Week That Shook Big Oil : NPR - 0 views

  • On Wednesday, a court in the Netherlands issued a landmark ruling against Royal Dutch Shell — an oil company already pledging to cut its carbon emissions to net zero by 2050 — ordering it to act faster.
  • The cost of building new wind and solar power has fallen dramatically. Electric appliances and heat pumps could conceivably replace natural gas in homes. And after Tesla proved that battery-powered vehicles didn't have to be glorified golf carts, the entire auto industry is racing to pivot toward electric vehicles
  • Meanwhile, governments around the world — particularly in Europe and China — have been promoting green technology through increasingly aggressive incentives and penalties.
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  • Based on the investor revolt this week, Wall Street clearly thinks that a substantial shift away from oil and gas is possible.
  • A massive shift away from fossil fuels is a prospect that Big Oil can no longer rule out.
anonymous

Dutch government resigns over childcare subsidies scandal | Reuters - 0 views

  • Prime Minister Mark Rutte announced the resignation of his government on Friday, accepting responsibility for years of mismanagement of childcare subsidies, which wrongfully drove thousands of families to financial ruin.
  • Many of the families were targeted based on their ethnic origin or dual nationalities, the tax office said last year.
  • The cabinet would remain in place in a caretaker capacity to manage the coronavirus crisis for now, with an election already due on March 17.
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  • tax service had wrongly accused families of fraud.
Javier E

Opinion | Our 'Pursuit of Happiness' Is Killing the Planet - The New York Times - 0 views

  • it’s unlikely the world will be able to get to net-zero without serious changes in personal behavior. The Green New Deal also mandates “sustainable farming,” which usually includes reductions in methane emissions from livestock, while the Dutch law takes aim at ham through limits to pork production.
  • In a brilliant, now largely forgotten, lecture delivered in 1819, Constant wrote that the democrats of Greece and Rome, like the revolutionaries of his own day, “admitted as compatible with this collective freedom the complete subjection of the individual to the authority of the community.” By contrast, Constant wrote, “the aim of the moderns is the enjoyment of security in private pleasures, and they call liberty the guarantees accorded by institutions to those pleasures.”
  • Constant wasn’t thinking of Marie Antoinette’s right to play at shepherdess while her subjects starved, but the right to open a shop and build yourself a home rather than be drafted into Napoleon’s army spreading republicanism across the face of Europe. We moderns build institutions, and establish tacit norms, to guarantee the security of such private pleasures. That’s liberal individualism
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  • what do we do once we see that some of those choices threaten the health and lives of others? We will have to strike a new equilibrium between what society has the right to demand of us and what we have a right to retain for ourselves.
  • Liberal societies, in short, have always faced the problem of secondhand smoke, but what once was exceptional has now become endemic. One man’s meat is another man’s poison
  • Can we forge a new equilibrium before Miami is under water? I would like to think we’ll do so as part of a larger process of democratic deliberation. The Green New Deal envisions a 10-year phase of “transparent and inclusive consultation,” which sounds just about right.
  • The Dutch can reach consensus on painful social questions because they’ve spent the last thousand years working cooperatively to build dikes; the climate accord adopted last year came after a full year of discussion among representatives of all interest groups.
  • That’s not how American democracy works, and especially so in recent years. We allow those interest groups to wage a pitched battle using all the money and influence they can muster against one another. Legislation emerges only after a war of attrition.
  • just maybe we’ll rise to the occasion: With the flood upon us, we, too, will learn how to build dikes together.
Javier E

American Christianity and Secularism at a Crossroads - NYTimes.com - 0 views

  • A growing number of “nones” live in our midst: those who say they have no religious affiliation at all. An October Pew Research Center poll revealed that they now account for 20 percent of the population, up from 16 percent in 2008.
  • We think of atheism and religious apathy as uniquely modern spiritual options, ideas that Voltaire and Hume devised in a coffee house one rainy afternoon sometime in the 18th century. Before the Enlightenment, legend has it, peasants hurried to church every week and princes bowed and scraped before priests.
  • it is safe to say that we frequently overestimate medieval piety. Ordinary people often skipped church and had a feeble grasp of basic Christian dogma. Many priests barely understood the Latin they chanted — and many parishes lacked any priest at all. Bishops complained about towns that used their cathedrals mainly as indoor markets or granaries
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  • In 1584, census takers in Antwerp discovered that the city had a larger proportion of “nones” than 21st-century America: a full third of residents claimed no religious affiliation.
  • De Tocqueville visited during a wave of religious revival, but he underestimated the degree to which some Americans held Christianity at arm’s length: the “infidel” Abraham Lincoln declined to join a church
  • America’s rates of church affiliation have long been higher than those of Europe — perhaps because of the First Amendment, which permitted a religious “free market”
  • . Rates of church attendance have never been as sterling as the Christian Right’s fable of national decline suggests. Before the Civil War, regular attendance probably never exceeded 30 percent, rising to a high of 40 percent around 1965 and declining to under 30 percent in recent years — even as 77 percent still identify as Christians and 69 percent say they are “very” or “moderately” religious, according to a 2012 Gallup survey.
Javier E

In Its Defense, Police Dept. Cites Laziness of Its Officers - NYTimes.com - 0 views

  • The trial’s focus on quotas and productivity goals has illuminated the labor-management tensions that run deep through the Police Department, with 15,000 rank-and-file officers on the patrol force. “I think we’re charged with trying to get the police officers to work, do the things that they’re getting paid for,” the Police Department’s deputy commissioner for labor relations, John Beirne, testified.
  • “You have 10 percent that will work as hard as they can, whenever they can, no matter how bad we treat them, how bad the conditions are,” Mr. Esposito said. These officers “love being cops and they’re going to do it no matter what.” On the other extreme, Mr. Esposito said, “You have 10 percent on the other side that are complete malcontents that will do as little as possible no matter how well you treat them.”
  • In some precincts, Mr. Esposito noted, most enforcement activity, like ticket writing, occurred when officers were paid time-and-a-half overtime, instead of during their regular workweek. “It’s a question as to why they can see activity when they are being paid overtime as opposed to not being able to see activity when they are on straight time,” Mr. Esposito testified.
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  • While most police commanders have denied putting a quota in place, city officials have not shied from explaining that they keep close track of how productive their officers are, as would any other employer of a large work force.
  • A 2010 state law forbids the department from retaliating against officers for not making a certain minimum number of street stops. But Mr. Beirne testified that performance goals did not violate that law. “My feeling was that the supervisors or the department could set performance goals for employees,” Mr. Beirne said. “Whether they be numerical or not was not an issue.”
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Javier E

'We've Built Right Up to the Edge in the Most Foolish Way' - Arts & Lifestyle - The Atl... - 0 views

  • Gillis sees the destruction brought by Sandy as the inevitable result of a pattern of development that disregards all that history tells us about the ocean and its role in daily human life. "We’ve built right up to the edge in the most foolish way," he says. "The whole coast is now an extended suburb."
  • "There is macro-engineering to be done," concedes Gillis, who thinks rebuilding and preserving wetlands would be a far more effective strategy than hard seawalls. He also cites pioneering Dutch innovations such as floating homes.
  • "The sensible long-term thing is to think in terms of retreat," he says. Only by regaining our respectful distance from the water’s edge, says Gillis, can we truly protect ourselves from the cost – both human and financial – of living on the margin where sea meets land.
malonema1

The new industrial revolution - Cyprus Mail Cyprus Mail - 0 views

  • We must replace our old linear industrial model with a new – and circular – industrial model.
  • Similarly, BioGen in Britain has a renew and restore strategy where it produces renewable energy (biogas) from food waste and in turn use the waste slurry as bio-fertilizer, which has been shown to produce higher crop yields compared with chemical fertilizers.
  • Similarly, the Dutch company aWEARness has created the first true “circular” clothing items. WearEver suits are made from 100per cent recyclable polyester, giving the total life of the suit between 40 and 50 years.
lenaurick

How some European countries are tightening their refugee policies - CNN.com - 0 views

  • At least 12,472 refugees and migrants have arrived on Europe's shores since the beginning of 2017, according to the UN refugee agency -- only slightly less than the 12,587 Syrian refugees admitted by the US in all of last year.
  • The UK government recently announced it was halting a program to resettle lone refugee children, after 350 had been brought to Britain. Campaigners had hoped that 3,000 children would benefit from the scheme, introduced last year.
  • In November 2016, the Home Office issued new guidance barring unaccompanied refugees from Afghanistan, Yemen and Eritrea older than 12, who were living in the now-demolished "Jungle" camp at Calais in northern France, from entering the UK if they have no family there.
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  • More than 250,000 people were given refugee status in Germany in 2016, many of whom had arrived the previous year when Chancellor Angela Merkel threw the country's doors open to refugees, but there are signs that attitudes are hardening.
  • This month, Germany also deported a second tranche of asylum seekers to Afghanistan, despite the UNHCR's insistence that "the entire state ... is affected by an armed conflict." The European Council on Refugees and Exiles (ECRE) argues that "by carrying out these deportations, the Federal Ministry of the Interior is completely ignoring the security situation in Afghanistan."
  • A recent report by Amnesty International highlighted the "dire conditions" in Greek camps, citing "overcrowding, freezing temperatures, lack of hot water and heating, poor hygiene, bad nutrition, inadequate medical care, violence and hate-motivated attacks."
  • If Europe cannot reliably protect its external borders, De Maiziere said in a speech, Germany will implement "appropriate national border controls against illegal immigration."
  • from March, Germany will begin returning asylum seekers to Greece, if that was the first safe country in which they arrived, a spokeswoman for the German Ministry for the Interior told CNN. This process was halted in 2011 due to "systemic deficiencies in the Greek asylum system."
  • Italy's chief of police, Franco Gabrielli, has called for the detention and deportation of migrants, who he blames for "instability and threats" in the country. Gabrielli's comments, published in a circular on December 30, 2016, align closely with the government's position.
  • Dutch Prime Minister Mark Rutte has adopted a zero-tolerance approach to immigrants who are unwilling to sign up to the country's way of life, telling those who "refuse to adapt and criticize our values" to "behave normally or go away."
  • The party pledges to invest in caring for refugees in the Middle East in order to reduce the number traveling to Europe.
  • The Hungarian parliament introduced a bill on February 14 that requires the police to deport any person who is in Hungary illegally, without allowing any access to an asylum procedure, according to a written statement by the NGO The Hungarian Helsinki Committee.The bill also requires all asylum applications to be automatically held in detention until their claim is processed, according to the NGO.The NGO describes the proposed changes as "extreme and flagrant violations of European Union asylum law.
malonema1

Obama White House rushed to protect files on Russian interference - The Boston Globe - 0 views

  • In Obama’s last days, his aides tried to leave clues about Russian meddling
  • U.S. allies, including the British and the Dutch, had provided information describing meetings in European cities between Russian officials — and others close to Russia’s president, Vladimir Putin — and associates of President-elect Trump, according to three former U.S. officials who requested anonymity in discussing classified intelligence. Separately, U.S. intelligence agencies had intercepted communications of Russian officials, some of them within the Kremlin, discussing contacts with Trump’s associates.
  • In the Obama administration’s last days, some White House officials scrambled to spread information about Russian efforts to undermine the presidential election — and about possible contacts between associates of President-elect Donald Trump and Russians — across the government.
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  • Trump has accused the Obama administration of hyping the Russia storyline as a way to discredit his new administration
  • What followed was a push to preserve the intelligence that underscored the deep anxiety with which the White House and U.S. intelligence agencies had come to view the threat from Moscow.
Javier E

The Influence of Fiorina at Lucent, in Hindsight - The New York Times - 0 views

  • her celebrated tenure at Lucent has been clouded by what happened two years after she left in 1999. The once-highflying business worth more than $250 billion at its peak nearly collapsed in the face of an accounting scandal and the telecommunications bust. The company laid off 50,000 employees in 2001 alone. Today the company, after merging with Alcatel of France, is worth only about $10 billion.
  • Lucent, like some its rivals, artificially burnished its financial performance through vendor financing — lending money to customers so they could buy its products. In 2004, the company settled charges brought by the Securities and Exchange Commission that accused it of perpetrating a $1.1 billion accounting fraud.
  • “It’s unlikely she would have been considered for the HP job once it became clear that Lucent’s success had more to do with loose credit terms and creative accounting than any reinvention of the company as the Second Coming of Cisco,”
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  • While Mrs. Fiorina wasn’t responsible for the accounting fraud — she was never accused of being involved in any financial shenanigans — she did work with, and helped support, some of the employees who came under legal scrutiny for acts that took place after she left. One of those executives was Nina Aversano, a senior executive at Lucent who played a role in the company’s aggressive sales and accounting tactics. Mrs. Fiorina, somewhat famously inside of Lucent, literally kissed the feet of Ms. Aversano on stage in front of hundreds of employees after a particularly good quarter.
  • Scott Woolley of Fortune magazine wrote a deeply reported story in 2010 during Ms. Fiorina’s unsuccessful Senate campaign in California that detailed a questionable deal she championed. Mr. Woolley focused on a vendor-financed transaction with a small company, PathNet, a sale that was valued at as much as $2.1 billion, though PathNet had only $1.6 million in annual revenue. It later filed for bankruptcy.
  • Ms. Endlich Heffernan’s book connects Mrs. Fiorina to two other failures while she was at Lucent. In one, Mrs. Fiorina was assigned to run Lucent’s consumer products business. Perhaps that division was always destined for failure — it included Lucent’s handset business just as the world was pivoting to mobile communications. But Mrs. Fiorina orchestrated a joint venture with the Dutch electronics giant Philips Electronics that turned out to be a mess, one that she later told The Wall Street Journal was the biggest mistake of her career.
  • Then there was Lucent’s 1999 acquisition of Ascend Communications for more than $22 billion. That deal may go down in history as one of the worst. Again, however, Mrs. Fiorina wasn’t in charge at Lucent. Was she consulted on the transaction? Yes. But she didn’t try to object to it.
  • Donald Trump was right when he said during the debate last week: “You know, if you look at what happened at Lucent under her tenure, it was not a good picture.”
katyshannon

Shell to Cease Off-Shore Arctic Oil Drilling in Alaska - NBC News - 0 views

  • Royal Dutch Shell PLC says it's ceasing exploration in offshore Alaska for the foreseeable future.
  • an exploratory well drilled to 6,800 feet found oil and gas but not in sufficient quantities.
  • Shell drilled in 150 feet of water about 80 miles off Alaska's northwest coast.
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  • The exploratory well was the first in the Chukchi in 24 years.
  • Over the summer, protesters in kayaks unsuccessfully tried to block Arctic-bound Shell vessels in Seattle and Portland, Oregon.
  • Shell has spent about $7 billion on Arctic offshore development on the hope that there would be deposits worth pursuing.
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    Shell to stops drilling in the Artic
grayton downing

BBC News - Spying row: Merkel urges US to restore trust at EU summit - 0 views

  • Germany's Chancellor Angela Merkel has said it is "really not on" for friends to spy on each other, referring to alleged US snooping on her phone calls.
  • The spying row threatens to overshadow EU talks on economic growth and migration to the EU. Mrs Merkel has demanded a "complete explanation" of the claims, which came out in the German media.
  • In a separate development, Italy's weekly L'Espresso reported that the US and UK had been spying on Italian internet and phone traffic.
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  • The revelations were sourced to US whistleblower Edward Snowden.
  • Dutch Prime Minister Mark Rutte said the alleged spying on Mrs Merkel's mobile phone calls was "serious" and added: "I will support her (Merkel) completely in her complaint and say that this is not acceptable - I think we need all the facts on the table first."
  • The veteran French EU Commissioner Michel Barnier told the BBC that "enough is enough", and confidence in the US had been shaken.
  • One of the key initiatives of the European Commission is its Digital Agenda for Europe, which it says "aims to reboot Europe's economy and help Europe's citizens and businesses to get the most out of digital technologies".
Javier E

The Transatlantic Slave Trade and the Civil War - NYTimes.com - 0 views

  • What if the Confederacy had won recognition from Britain in 1862 and survived the war? His rather frightening answer was that the three great centers of slavery in the Americas — the American South, Cuba and Brazil — plus the smaller plantation economy of Dutch Suriname, would not have abolished slavery when they did.
  • In all likelihood, without a Union victory, slavery would have remained a central institution underpinning global economic growth until possibly the present day.
  • there is no doubt that the federal government effectively protected transatlantic slave traders in the half-century before 1861 and that the outbreak of the Civil War just as effectively removed that protection.
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  • American administrations were often stocked with Southerners in key positions like secretary of state, secretary of the navy and president, and they refused to take serious action against the foreign slave trade. Thus they tacitly allowed the Stars and Stripes to be used as a cover. In the absence of a treaty the British were reluctant to interfere with American shipping; only American naval ships could stop this practice, and even when they acted officers would usually detain a ship only if slaves were on board (thus ships heading to Africa, even if they were obviously slavers, were let go).
  • The use of the American flag ended only after the Civil War began. In 1862, with Southern politicians finally gone from national politics, the United States at last signed a treaty with the British providing for mutual right of search on the high seas, an equipment clause and joint Anglo-American joint courts (called Courts of Mixed Commission) for adjudicating detentions. The fact that those courts never heard a single case detracts not at all from their impact.
Javier E

Does the Euro Have a Future? by George Soros | The New York Review of Books - 0 views

  • To resolve a crisis in which the impossible becomes possible it is necessary to think about the unthinkable. To start with, it is imperative to prepare for the possibility of default and defection from the eurozone in the case of Greece, Portugal, and perhaps Ireland. To prevent a financial meltdown, four sets of measures would have to be taken.
  • First, bank deposits have to be protected. If a euro deposited in a Greek bank would be lost to the depositor, a euro deposited in an Italian bank would then be worth less than one in a German or Dutch bank and there would be a run on the banks of other deficit countries.
  • Second, some banks in the defaulting countries have to be kept functioning in order to keep the economy from breaking down.
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  • Third, the European banking system would have to be recapitalized and put under European, as distinct from national, supervision.
  • The fact that arrangements are made for the possible default or defection of three small countries does not mean that those countries would be abandoned. On the contrary, the possibility of an orderly default—paid for by the other eurozone countries and the IMF—would offer Greece and Portugal policy choices.
  • The German public still thinks that it has a choice about whether to support the euro or to abandon it. That is a mistake. The euro exists and the assets and liabilities of the financial system are so intermingled on the basis of a common currency that a breakdown of the euro would cause a meltdown beyond the capacity of the authorities to contain. The longer it takes for the German public to realize this, the heavier the price they and the rest of the world will have to pay.
  • Fourth, the government bonds of the other deficit countries would have to be protected from contagion.
  • he discussions ought to start right away because even under extreme pressure they will take a long time to conclude. Once the principle of setting up a European Treasury is agreed upon, the European Council could authorize the ECB to step into the breach, indemnifying the ECB in advance against risks to its solvency. That is the only way to forestall a possible financial meltdown and another Great Depression.
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