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rachelramirez

EgyptAir Flight Believed to Have Crashed at Sea; Egypt Cites Possible Terrorism - The N... - 0 views

  • EgyptAir Flight Believed to Have Crashed at Sea; Egypt Cites Possible Terrorism
  • the Greek authorities said debris believed to be from the wreckage had been found at a site around 205 nautical miles southeast of Crete and 190 nautical miles south of the Greek island of Karpathos.
  • Mr. Fathi said. Still, he said, “if you analyze the situation properly,” the possibility of “having a terror attack is higher than the possibility” of technical failure.
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  • At 2:37 a.m., shortly after entering Egyptian airspace, the plane made a 90-degree turn to the left and then a full circle to the right, first plunging to 15,000 feet from 37,000 feet and then to 9,000 feet
  • 30 were from Egypt, 15 from France, two from Iraq and one each from Algeria, Belgium, Britain, Canada, Chad, Kuwait, Portugal, Saudi Arabia and Sudan.
  • American and European officials have expressed concerns about security gaps in North African airports. Advertisement Continue reading the main story
  • Intelligence analysts who monitor jihadist websites and social media said there had been no claims of responsibility by terrorist groups.
  • At 4:26 a.m. — nearly two hours after the last radar contact — the plane emitted a signal, although it was not clear whether that was an emergency distress signal sent by a crew member or an automated signal from the plane’s onboard computers.
  • Egypt has come under criticism in the past for its lack of transparency in aviation accidents. In 1999, an EgyptAir flight crashed into the Atlantic Ocean shortly after takeoff from John F. Kennedy Airport in New York, killing all 217 on board.
Javier E

A man's discovery of bones under his pub could forever change what we know about the Ir... - 0 views

  • “Celtic” languages were not imports to the region but instead were developed somewhere in the British Isles or the Iberian Peninsula — and then spread eastward into continental Europe.
  • His doubts about the traditional view arose as he was studying inscriptions on artifacts from southern Portugal. The inscriptions on those artifacts strongly resembled the languages known as Celtic, yet they dated as far back as 700 B.C. This placed Celtic languages far from the Celt homelands in the middle of Europe at a very, very early date.
  • “What it shows is that the language that became Irish was already out there — before 700 B.C. and before the Iron Age,” Koch said. “It just didn’t fit with the traditional theory of Celtic spreading west to Britain and Iberia.”
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  • Numerous digs, most notably in Austria and Switzerland, have traced the outlines of the Celts. The artifacts offer evidence going back as far as about 800 B.C. The ancient Greeks and Romans also left written accounts of the Celts, and probably knew them well — the Celts sacked Rome around 390 B.C. and attacked Delphi in Greece in 279 B.C.
  • It seemed plausible that this group that had invaded Rome had invaded Ireland as well, and in the standard view, it was this people that eventually made it to Ireland.
  • For decades, however, archaeologists and other scholars have noted just how flimsy the evidence is for that standard account and how broad, nonetheless, is the application of the word.
  • n recent years, some archaeologists have proposed that the traditional story of the Celts' invasion was, in a sense, exactly wrong — the culture was not imported but exported — originating on the western edge of Europe much earlier than previously thought and spreading into the continent.
  • it flowed from the western edge of Europe, what he calls “the Atlantic zone” — into the rest of the continent. In many places of the Atlantic zone, he notes, people were buried in passages aligned with the solstices, a sign that they shared a unified belief system.
  • “From about 5,000 B.C. onwards, complicated ideas of status, art, cosmology were being disseminated along the Atlantic seaways,” Cunliffe said, and that culture then spread eastward.
  • “If we’re right, the roots of what is known as ‘Celtic’ culture go way way back in time,” Cunliffe said. “And the genetic evidence is going to be an absolute game-changer.”
  • If the new scholarship proves correct, exactly what to do with the word Celtic will probably be a matter of some dispute: Should it be applied to languages or cultures that, no matter how clearly defined, were largely uninfluenced by the historical Celts of continental Europe?
  • Complicating any answer are old ethnic antagonisms: The old notions of a distinct “Celtic race” or “Irish race” have been used not just for poetic tributes, but for scorn.
  • According to the genetic research, the Irish are at the extreme end of a genetic wave that washed across Europe, a wave of migrants that swept westward from above the Black Sea across Europe about 2,500 B.C.
  • The way to think about genetic variation in Europe is that it is more of a gradient than it is of sharp boundaries," said Bradley, the DNA researcher. "Sometimes, cultural features like language and natural borders can coincide with genetics, but most times not. Genetics is fuzzy, and it doesn't follow political and cultural borders."
  • "The public will always want a place on the map and for someone to point and say, 'This where the Irish are from,'
  • "But there’s going to be no way to do that. These groups were frequently traveling east-west across Europe, from one place to another. Everyone is a mix.”
Javier E

The Difference Between the U.S. and Europe in 1 Graph - Derek Thompson - Business - The... - 1 views

  • The euro zone has Greece. The United States has Mississippi. Or Missouri.
  • clever graph which shows fiscal transfers (don't worry, that's just another word for money) between the rich California-Connecticut-Illinois-New Jersey-New York quintuple and poorer states like Tennessee. If similar, seamless transfers existed in the EU, the rich north would have to send to Portugal and Greece at least an additional 30 cents for every dollar they paid in taxes, year after year after year.
  • When you hear commentators say, "the euro zone must begin to transition toward a fiscal union," what they are saying, in human-speak, is that the Europe needs to be more like the United States, with balanced budget laws for its individual members and seamless fiscal transfers from the rich countries to the poor, to protect the indigent, old, and sick, no matter where they reside.The Germans call this sort of thing "a permanent bailout." We just call it "Missouri."
Javier E

Give Malta Your Tired and Huddled, and Rich - NYTimes.com - 0 views

  • Motivated in part by economic stress, and in part by what some call crass opportunism, the idyllic island 50 miles south of Sicily is selling citizenship for $880,000 in cash and $677,000 in property and investments to applicants 18 or older willing to pay the price.
  • the program, which is aimed at attracting well-heeled residents from abroad, could bring in $1.35 billion in the next five years, providing welcome financing for schools, health care and jobs.
  • Being a citizen of Malta, which is part of the European Union’s passport-free zone, will confer the right to travel among the union’s 27 other member states without border formalities. A newly minted Maltese citizen will also be able to live and work in another European Union country, and will gain the right to visa-free travel to 69 non-European Union countries, including the United States.
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  • Under pressure from European Union officials in Brussels, Malta this week agreed to require foreigners seeking to buy Maltese passports to be residents for at least one year. It has also vowed to carefully vet applicants. Yet initial plans to limit to 1,800 the number of passports granted have been scrapped.
  • Cyprus recently slashed the amount of investment required to be eligible for citizenship, to $4.06 million from $13.5 million. It is also offering citizenship to foreigners who lost at least €3 million during the recent bailout crisis.
  • The Caribbean island federation of St. Kitts and Nevis offers citizenship for those who can invest $250,000
  • Portugal and Belgium offer residency permits leading to citizenship in exchange for big investments.
  • Crisis-hit Spain offers residency permits to foreigners who buy homes worth more than $260,000, with the aim of drawing Chinese and Russian investment.
Javier E

How Austerity Has Failed by Martin Wolf | The New York Review of Books - 0 views

  • Austerity came to Europe in the first half of 2010, with the Greek crisis, the coalition government in the UK, and above all, in June of that year, the Toronto summit of the group of twenty leading countries. This meeting prematurely reversed the successful stimulus launched at the previous summits and declared, roundly, that “advanced economies have committed to fiscal plans that will at least halve deficits by 2013.”
  • This was clearly an attempt at austerity, which I define as a reduction in the structural, or cyclically adjusted, fiscal balance—i.e., the budget deficit or surplus that would exist after adjustments are made for the ups and downs of the business cycle.
  • The cuts in these structural deficits, a mix of tax increases and government spending cuts between 2010 and 2013, will be around 11.8 percent of potential GDP in Greece, 6.1 percent in Portugal, 3.5 percent in Spain, and 3.4 percent in Italy.
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  • The picture in the eurozone is worse: its economy expanded by 2 percent between 2009 and 2010. It is now forecast to expand by a mere 0.4 percent between 2010 and 2013. Austerity has put the crisis-hit countries through a wringer, with huge and ongoing recessions. Rates of unemployment are more than a quarter of the labor force in Greece and Spain (see figure 2).
  • it did not have to be this way.1. The creditor countries, particularly Germany, could have recognized that they were enjoying incredibly low interest rates on their own public debt partly because of the crises in the vulnerable countries. They could have shared some of this windfall they enjoyed with those under pressure. 2. The needed adjustment could have been made far more symmetrical, with strong action in creditor countries to expand demand. 3. The European Central Bank could have offered two years earlier the kind of open-ended support for debt of hard-pressed countries that it made available in the summer of 2012. 4. The funds made available to cushion the crisis could have been substantially larger. 5. The emphasis could then have been more on structural reforms, such as easing labor regulations and union protections that restrain hiring and firing and raise labor costs, and less on fiscal retrenchment in the form of reduced spending. Reduced labor costs could have made these nations’ export industries more competitive and encouraged domestic hiring.
James Flanagan

SAT, ACT: College-Admissions Tests Are Holding American Students Back - Businessweek - 0 views

  • The College Board—the nonprofit consortium of colleges, high schools, and other organizations that creates the SAT—has repeatedly jiggered the test to respond to critics, most obviously in 2005, when it added a writing section that boosted the highest possible score to 2400 from 1600
  • Huge disparities remain. Asians score the highest on the test, and their average rose this past academic year even as the scores of all other ethnic groups fell.
  • University of Wyoming President Robert Sternberg was stupid in elementary school. IQ tests said so. Knowing his scores, his teachers in the 1950s expected him to perform badly, and he agreeably lived down to their expectations. In fourth grade a teacher named Virginia Alexa saw something special in him and conveyed her high expectations. Almost overnight he became an A student.
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  • Coleman and his team are completing a major revision of the SAT to be unveiled in January 2014 and launched in the spring of 2015. He wants the test to “propel” students toward deeper learning of real things
  • That means fewer abstruse vocabulary words (like “abstruse”) and essays that are based on documents so human graders can evaluate the correctness of their writers’ arguments, not just their style.
  • The U.S. rode to economic supremacy with the world’s highest share of young college grads, but now its percentage of graduates at the typical age of graduation is behind those of Australia, Denmark, Finland, Iceland, Ireland, Japan, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Sweden, and the U.K., the Organisation for Economic Co-operation and Development says.
  • The message: Real life is messy. You’re not given five answers to choose from. And America shouldn’t depend on something resembling an IQ test to rake geniuses from the rubbish.
  • The SAT and its rival, the ACT, are part of the problem. Designed to ferret out hidden talent, the tests have become, for some students at least, barriers to higher education. Scores are highly correlated with family income; Harvard law professor Lani Guinier calls the SAT a “wealth test.”
  • Since the earliest days of the republic, there have been two schools of thought about the merits of sorting students, as recounted in Nicholas Lemann’s 1999 book The Big Test: The Secret History of the American Meritocracy. Thomas Jefferson, who believed in a “natural aristocracy,” said that in Virginia all w
  • New Englander Henry Adams was less disdainful of the rubbish. He said Jefferson’s natural aristocracy was no better than regular old aristocracy: “I would trust one as soon as the other with unlimited power.”
  • The SAT was launched in 1926 as a variant of an intelligence test used in World War I to place soldiers and sailors. Harvard adopted it in 1934.
  • The University of California long resisted using standardized tests but in 1968—swamped by more qualified applications than it could handle—began requiring applicants to submit SAT scores as a way to screen out lower achievers.
  • Admissions officers at about 850 four-year colleges now make standardized tests optional for some or all of their applicants
  • To be less cynical, the tests do stigmatize low scorers and distract people “from what they really need to do, which is mastering academic subjects in their high school,” says Wake Forest University sociologist Joseph Soares, whose school went SAT-optional in 2008.
Javier E

New Statesman - Why the West Rules - For Now: the Patterns of History and What They Rev... - 0 views

  • East and west have always been geopolitical constructions whose shifting cultural meanings - from the conflict between Catholic and Orthodox Christianity in the early Middle Ages to the current obsession with China - reflect changing patterns of power. A classical archaeologist by training, Ian Morris begins this highly ambitious volume by returning to prehistoric times, when east and west were geographical expressions. For Morris, "the west" means the societies that expanded "from the original core in south-west Asia to encompass the Mediterranean Basin and Europe, and in the last few centuries America and Australasia, too", while "the east expanded from its original core between China's Yellow and Yangtze rivers, and today stretches from Japan in the north into the countries of Indochina in the south".
  • he offers a materialist explanation, with the aim of developing nothing less than a law-governed science of history.
  • In Morris's account, the ultimate origin of the west's primacy is to be found in the domestication of plants and animals that occurred in the western core around 9500BC, some 2,000 years before it did in the east. He is far from claiming that geography is destiny in any simple sense. As he points out, the meaning of geography changes along with technological and social development. Five thousand years ago, society was developing most rapidly in Egypt and Mesopotamia, and the geographical location of Portugal, Spain, France and Britain - "stuck out from Europe into the Atlantic" - was a great disadvantage. But when, 500 years ago, new kinds of ships appeared that could cross what had always been impassable oceans, sticking out into the Atlantic became highly advantageous
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  • Of all the social sciences, economics has come closest to formulating law-like principles. The trouble is that they fail to explain some of the largest historical changes. Ask what makes sustained economic growth possible, and economists will tell you that certain institutions are required - private property, enforceable contracts and the rule of law, for example. Yet none of these is common in China, where economic growth has occurred over the past 30 years on a scale unprecedented in history.
  • It is an impressive achievement, a grand theory of history that can be compared meaningfully with those of Toynbee and Marx
  • As Morris sees it, it is not Greek philosophy, Roman law, Judaeo-Christian monotheism or the European Enlightenment that enabled the west's rise to global power, but the brute fact of location, interacting with universal laws of biology and sociology.
  • “The important history is global and evolutionary," he writes, "telling the story of how we got from single-celled organisms to the Singularity."
  • If Darwin is right, we are highly adventitious animals, chance products of a process of natural selection that is going nowhere in particular. Like so many others, Morris has turned evolution into a kind of fairy tale.
sgardner35

This Is Trump Country - The New York Times - 0 views

  • In December, the unemployment rate was 8 percent, among the highest in Massachusetts. Its median income is about half that of the state as a whole. Even its city motto lacks gusto: “We’ll try.”
  • Bruno Teixeira, 68, voted for Mr. Trump on Tuesday. He used to work as a foreman at a factory that dyed and finished cloth. “I was fortunate that I could say I retired,” he said. “I never thought I would, I thought it was going to be pulled out from under me, like it was for a lot of my colleagues.” Mr. Teixeira’s father came to the United States from Portugal, his mother from England. He said he liked Mr. Trump’s views on immigration, as well as his straightforward talk.“He has something to say, he says it,” Mr. Teixeira said. “That’s what I like about the man.”
  • Much of this county northeast of Nashville, along the border with Kentucky, is farmland, though there are also jobs in manufacturing. The county is among the state’s biggest producers of tobacco, and it also produces hardwood lumber. Shelta Shrum, 59, spent two decades working at a boot factory, where she was a clerical worker. Not long after she retired, the factory was shuttered. The jobs, she said, went to Mexico. “We knew it was going to happen,” Ms. Shrum said, “and it was something we dreaded every day.” Ms. Shrum, who edits the newsletter for the local historical society, said Mr. Trump was speaking up about the kinds of things people talk about every day. “We’re rural, and we’re not always politically correct,” she said. “We call it like we see it. And he’s doing that for us, very loudly.”
Javier E

'Already an Exception': Merkel's Legacy Is Shaped by Migration and Austerity - The New ... - 0 views

  • Those contradictions rest at the core of the Merkel legacy
  • As German chancellor, Ms. Merkel oversaw a golden decade for Europe’s largest economy, which expanded by more than a fifth, pushing unemployment to the lowest levels since the early 1980s.
  • As the United States was distracted by multiple wars, Britain gambled its future on a referendum to leave the European Union and France failed to reform itself, Ms. Merkel’s Germany was mostly a haven of stability.
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  • But her decision to embrace more than a million asylum seekers unsettled that cozy status quo. Outside Germany, the austerity she and her longtime finance minister Wolfgang Schäuble imposed on debtor countries like Italy, Spain, Portugal and, especially, Greece sowed misery and resentment that fester to this day.
  • Some, like the former Greek finance minister Yanis Varoufakis, compare Ms. Merkel’s austerity politics to the Treaty of Versailles, which imposed punitive economic measures on Germany after World War I, humiliated the country and fanned the flames of populism.“This is now what is feeding the political beasts,”
  • Her modest and moderate governance style, absent ideology and vanity, is the polar opposite of that of the strongmen now strutting the world stage. Her Germany — that “vulnerable hegemon,” as the intellectual Herfried Münkler calls it — became a beacon of liberalism.
  • Merkel knows a different form of social and societal equality,” Mr. Gysi said, adding of her former center-left rivals: “That made her so much more open to adopting ideas from the Social Democrats.”
  • “Angela Merkel personifies the best Germany we’ve ever known,” said Timothy Garton Ash, a professor of European Studies at Oxford University. “She managed Germany’s rise to once again become Europe’s leading power. But she failed to prepare Germans sufficiently for what that means.”
  • Ms. Merkel has never been one for rousing speeches. (“We had those kinds of speeches 70 years ago,” Ms. Roll said. “Her lack of talent and interest in this department was a good thing.”)
  • She never boasted that Germany got what it wanted after summit meetings (though it mostly did). But as exports and domestic demand boomed, Germany prospered and so did Ms. Merkel’s popularity ratings.
  • But like her friend and ally President Barack Obama — America’s first black president, who was succeeded by President Trump — Ms. Merkel will be judged by what comes next
  • Gregor Gysi, a fellow Easterner and political opponent from the Left party, said that spending half her life under Communism gave her a visceral thirst for freedom — but also made her more socially conscious than other Western conservatives.
  • now in the third so-called grand coalition with the Social Democrats, Ms. Merkel’s habit of taking inspiration from (and credit for) their ideas has left the party a shadow of itself.
  • It has also opened her own party to challenges on its right flank, leaving room for the emergence of the nationalist Alternative for Germany, which capitalized on her decision on asylum seekers.
  • Even before the migration crisis arrived, the debt crisis provided a pivotal test for a chancellor at the helm of a newly dominant Germany.And it led to criticism that Ms. Merkel, while leading humbly, was no less the hegemon — prioritizing German interests; manipulating European Union institutions to Germany’s abiding benefit; turning southern countries into captive export markets; tightening the hold of German banks
  • “It won Germany incredible respect — this image of a friendly humanitarian Germany, a Germany that protects,” Ms. Roth said. “She marked that image.”
  • “German populism is perhaps not her child,” said Henrik Enderlein, the dean of the Hertie School of Governance in Berlin. “But it is a child of the Merkel era.”
  • “An Adenauer or a Kohl would have done it,” Mr. Fischer said. But Merkel, who had grown up behind the Iron Curtain and without the Western pro-European mind-set, “wasn’t there yet,” he said. “Her European conscience was not fully formed yet.
  • Was hers a European Germany, one that saw Europe’s interests as its own? Or a Germany that ultimately wanted a German Europe?
  • The real missed opportunity, observers say, was to use the crisis to propel a more far-reaching build-out of European Union institutions, which remain unprepared for the next financial meltdown.
  • If there was ever a time to make a bold push to complete the institutions of the eurozone, this was it, said Joschka Fischer, a former German foreign minister.
  • The French president François Mitterrand and his British counterpart Margaret Thatcher had both worried about a resurgence of “bad Germans.” Ms. Merkel’s greatest achievement, Ms. Roll said, was that “she came to represent the good Germans.”
  • “But she always made clear: ‘I don’t build deadly walls,’ ” he recalled her saying. “She grew up behind one.”
  • In Germany, too, politics has become noisier and nastier. Open sexism has entered the chamber with Alternative for Germany, said Ms. Roth, the vice president of the parliament.“Merkel has been the target of countless attacks, gendered attacks, sexualized dirt,” Ms. Roth said.
  • Some have begun to referring to Merkelism, a modest but steadfast liberalism built on consensus rather than confrontation, as a recipe for democratic governance in the 21st century. Others fear that Merkelism will disappear with her.
  • “She is so unvain that she does not overly care about leaving behind a blueprint for the West 4.0,” said Mr. Kornelius, her biographer. “She primarily wants to preserve what she can.”
  • She has prevented crises rather than carried out visions, Mr. Kornelius said, and has been reactive rather than proactive. “But that is incredibly valuable at a time when we are dealing with questions of our liberal order in an unraveling world — and with leaders like Donald Trump.”
  • Today, Ms. Merkel’s Germany can feel like a liberal island in a growing sea of illiberal forces. She has not changed — the world around her has.“She is already an exception today,” Mr. Knaus said. “I hope she is not a relic of an era that is coming to an end.”
  • “She was a catastrophe,” said Mr. Varoufakis, the former Greek finance minister, “and she will be missed, because who comes next will certainly be worse.”
Javier E

The Crash That Failed | by Robert Kuttner | The New York Review of Books - 0 views

  • the financial collapse of 2008. The crash demonstrated the emptiness of the claim that markets could regulate themselves. It should have led to the disgrace of neoliberalism—the belief that unregulated markets produce and distribute goods and services more efficiently than regulated ones. Instead, the old order reasserted itself, and with calamitous consequences. Gross economic imbalances of power and wealth persisted.
  • In the United States, the bipartisan financial elite escaped largely unscathed. Barack Obama, whose campaign benefited from the timing of the collapse, hired the architects of the Clinton-era deregulation who had created the conditions that led to the crisis. Far from breaking up the big banks or removing their executives, Obama’s team bailed them out.
  • criminal prosecution took a back seat to the stability of the system.
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  • the economic security of most Americans dwindled, and the legitimacy of the system was called into question. One consequence has been the rise of the far right; another is Donald Trump.
  • Germany insisted that the struggling countries had to practice austerity in order to restore the confidence of private financial markets. In a deep recession, even orthodox economists at the International Monetary Fund soon recognized that austerity was a perverse recipe for economic recovery.
  • Europe, because of Germany’s worries that these policies would lead to inflation, had no way to extend credit to struggling nations or to raise money through the sale of bonds, which would have allowed the ECB to provide debt relief or to invest in public services.
  • The political result was the same on both sides of the Atlantic—declining prospects for ordinary people, animus toward elites, and the rise of ultra-nationalism
  • Not so in Europe. Parties such as the German Social Democratic Party, the British Labour Party, and the French Socialists disgraced themselves as co-sponsors of the neoliberal formula that brought down the economy.
  • In nation after nation, the main opposition to the party of Davos is neofascism.
  • In his masterful narrative, the economic historian Adam Tooze achieves several things that no other single author has quite accomplished. Tooze has managed to explain a hugely complex global crisis in its multiple dimensions, and his book combines cogent analysis with a fascinating history of the political and economic particulars
  • when the collapse came, it was “a financial crisis triggered by the humdrum market for American real estate.”
  • the collapse reinforced the financial supremacy of Washington and New York. “Far from withering away,” he writes, “the Fed’s response gave an entirely new dimension to the global dollar.”
  • When the entire structure of borrowed money collapsed, the losses more than wiped out all the capital of the banking system—not just in the US but in Europe, because of the intimate interconnection (and contagion) of American and European banks. Had the authorities just stood by, Tooze writes, the collapse would have been far more severe than the Great Depression:
  • While insisting to Congress that the emergency response was mainly to shore up US finance, Bernanke turned the Fed into the world’s central bank. “Through so-called liquidity swap lines, the Fed licensed a hand-picked group of core central banks to issue dollar credits on demand,” Tooze writes. In other words, the Fed simply created enough dollars, running well into the trillions, to prevent the global economy from collapsing for lack of credit.
  • Bernanke instigated government action on an unimagined scale to prop up a private system that supposedly did not need the state
  • Using deposit guarantees, loans to banks, outright capital transfers, and purchases of nearly worthless securities, the Fed and the Treasury recapitalized the banking system. To camouflage what was at work, officials invented unlimited credit pipelines with disarmingly technical names.
  • The blandly named policy of quantitative easing, which drove interest rates down to almost zero, was a euphemism for Fed purchases of immense quantities of private and government securities.
  • The crisis, Tooze writes, “was a devastating blow to the complacent belief in the great moderation, a shocking overturning of the prevailing laissez-faire ideology.” And yet the ideology prevailed
  • In a reversal of New Deal priorities, most of the relief went to the biggest banks, while smaller banks and homeowners were allowed to go under
  • Banks were permitted to invent complex provisional loan “modifications” with opaque terms that favored lenders, rather than using their government subsidies to provide refinancing to reduce homeowner debts
  • How did a nominally center-left administration, elected during a financial crisis caused by right-wing economic ideology and policy, end up in this situation?
  • Turning to Europe, Tooze explores the fatal combination of Germany’s demands for austerity with the structural weakness of the ECB and the vulnerability of the euro.
  • Portugal or Greece now enjoyed interest rates that were only slightly higher than Germany’s, and markets failed to take account of the risk of default, which was more serious than that of devaluation.
  • instead of treating the Greek situation as a crisis to be contained and helping a genuinely reformist new government find its footing, Brussels and Berlin treated Greece as an object lesson in profligacy and an opportunity to insist on punitive terms for financial aid
  • A central player in this tragedy was the European Central Bank. Tooze does a fine job of explaining the delicate dance between the bank’s leaders and its real masters in Germany. Since Germany opposed continent-wide recovery spending, the bank could only pursue monetary policy. The model was the Fed. Yet while the Fed has a congressional “dual mandate” to target both price stability and high employment, the ECB’s charter allowed for price stability only
  • The ECB, with the consent of the Germans, came up with one of those bland-sounding names, Outright Monetary Transactions, for its direct purchases of government bonds. But the program, at the insistence of the Germans, was restricted to nations in compliance with Merkel’s rigid fiscal terms, which limited national deficits and debts. In other words, the money could not go to the very nations where it was needed most, since the hardest-hit countries had to borrow heavily to get themselves out of the recession
  • Reading Tooze, you realize that it’s a miracle that the EU and the euro survived at all—but they did so at terrible human cost.
  • the ideal of liberalized trade, and the use of trade treaties to promote deregulation or privatized regulation of finance, is a major element of the story of how neoliberal hegemony promoted the eventual collapse. But except for a passing reference, trade and globalized deregulation get little mention here.
  • he has almost nothing to say about Janet Yellen. Her nomination as Fed chair in 2013 to succeed Bernanke was an epochal event and an improbable defeat for the proponents of austerity, deregulation, and bank bailouts who influenced Obama’s policymaking. Yellen, a left-liberal economist specializing in labor markets, was the only left-of-center Fed chair other then FDR’s chairman Marriner Eccles. She also believed in tough regulation of banks. The extension of quantitative easing well beyond its intended end was substantially due to Yellen’s concern about wages and employment, and not just price stability, since low interest rates can also help promote recovery.
  • Tooze ends the book with a short chapter called “The Shape of Things to Come,” mainly on the ascent of China, the one nation that avoided all the shibboleths of economic and political liberalism, though it also, of course, does not have a political democracy.
Javier E

Theresa May is effectively gone. She is a leader in name only | Michael Heseltine | Opi... - 0 views

  • I dismiss with contempt the image of us as an island wrapped in a union jack, glorying in the famous phrase that captured, for so many, Winston Churchill’s spirit of defiance in 1940: “Very well, alone”. I was there. I saw our army evacuated, our cities bombed, our convoys sunk. Churchill did everything in his power to end this isolation. Alone was never Churchill’s hope or wish: it was his fear.
  • I look back over the years: 70 years of peace in Europe, 50 years of partnership between the UK and the rest of the EU. The fascists have gone from Spain and Portugal, the colonels from Greece. Now we have 28 democracies working together on a basis of shared sovereignty, achieving far in excess of what any one of us could individually. Never forget that it was the memories of Europe’s war that laid the foundations of the European Union today.
  • That is what the Brexiteers have done to our country: a national humiliation, made in Britain, made by Brexit.
Javier E

Spurning Erdogan's Vision, Turks Leave in Droves, Draining Money and Talent - The New Y... - 0 views

  • The result is that, for the first time since the republic was founded nearly a century ago, many from the old moneyed class, in particular the secular elite who have dominated Turkey’s cultural and business life for decades, are moving away and the new rich close to Mr. Erdogan and his governing party are taking their place.
  • Thousands of Turks like her have applied for business visas in Britain or for golden visa programs in Greece, Portugal and Spain, which grant immigrants residency if they buy property at a certain level.
  • With the help of subsidies and favorable contracts, the government has helped new businesses to emerge, and they are rapidly replacing the old ones, he said. “There is a transfer of capital underway,” he said. “It is social and political engineering.”
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  • At least 12,000 of Turkey’s millionaires — around 12 percent of the country’s wealthy class — moved their assets out of the country in 2016 and 2017, according to the Global Wealth Migration Review, an annual report produced by AfrAsia Bank.
  • Most of them moved to Europe or the United Arab Emirates, the report said. Turkey’s largest business center, Istanbul, was listed among the top seven cities worldwide experiencing an exodus of wealthy people.
  • Mr. Erdogan has reviled as traitors businesspeople who have moved their assets abroad as the Turkish economy began to falter.“Pardon us, we do not forgive,” he warned in a speech at the Foreign Economic Relations Board, a business association in Istanbul in April. “The hands of our nation would be on their collars both in this world and in the afterlife.”“Behavior like this cannot have a valid explanation,” Mr. Erdogan added.
Javier E

A History of the Iberian Peninsula, as Told by Its Skeletons - The New York Times - 0 views

  • With a total of 419 ancient human genomes obtained by various laboratories, Iberia offers a rich trove. Scientists have recovered only 174 ancient genomes in Britain, and just eight in Japan.
  • researchers have also uncovered evidence of migrations that were previously unknown. Iberia, it now seems, was a crossroads long before recorded history, as far back as the last ice age.
  • Iberian hunter-gatherers had a remarkable mix of genes, showing that they descended from two profoundly distinct groups of early European hunter-gatherers.
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  • One of these groups can be traced as far back as 35,000 years, thanks to a skeleton discovered at a site in Belgium called Goyet. The Goyet-related people spread across Europe, only to be replaced on much of the continent near the end of the Ice Age by a genetically distinct population. The earliest sign of the second group appears 14,000 years ago, known to researchers by DNA in a skeleton at an Italian site called Villabruna.
  • the Goyet and Villabruna people coexisted. Hunter-gatherers across the peninsula had a mixture of ancestry from the two peoples.
  • But whatever solitude Iberia might have offered came to an end about 7,500 years ago, when new people arrived with crops and livestock. These first farmers, originally from Anatolia, brought with them a distinctive genetic signature.
  • Ninety percent of the DNA from the later skeletons derives from the Anatolian farmers; 10 percent comes from the hunter-gatherers.
  • Starting about 6,000 years ago, Dr. Olalde and his colleagues found, hunter-gatherer ancestry in Iberian farmers actually increased to 20 percent.
  • A skeleton from an elaborate grave in central Spain about 4,400 years old belonged to a man whose ancestry was 100 percent North African
  • findings suggest that people were moving into Iberia from Africa more than 3,000 years before the rise of the Roman Empire. “These are cosmopolitan places,”
  • About 4,500 years ago, still another wave of people arrived, profoundly altering the makeup of Iberia.A few centuries earlier, nomads from the steppes of what is now Russia turned up in Eastern Europe with horses and wagons. They spread across the continent, giving up nomadic life and intermarrying with European farmers.
  • When they finally reached Iberia, these people spread out far and wide. “They really have an impact on the whole peninsula,”
  • DNA from the men, however, all traced back to the steppes. The Y chromosomes from the male farmers disappeared from the gene pool.
  • To archaeologists, the shift is a puzzle.“I cannot say what it is,
  • he ruled out wars or massacres as the cause. “It’s not a particularly violent time,”
  • Iberian farmers originally lived in egalitarian societies, storing their wealth together and burying their dead in group graves.
  • over several centuries, palaces and fortresses began to rise, and power became concentrated in the hands of a few. Dr. Risch speculated that the cultural shift had something to do with the genetic shift
  • The Bronze Age in Iberia was followed by the Iron Age about 2,800
  • Iron Age Iberians could trace some of their ancestry to new waves of people arriving from northern and Central Europe, possibly marking the rise of so-called Celtiberian culture on the peninsula.
  • scientists found a growing amount of North African ancestry in skeletons from the Iron Age. That may reflect trade around the Mediterranean, which brought North Africans to Iberian towns, where they settled down.
  • North African ancestry increased in Iberia even more after Romans took control. Now the peninsula was part of an empire that thrived on widespread trade. At the same time, people from southern Europe and the Near East also began leaving an imprint
  • The Basque speak a language that is unrelated to other European tongues. Some researchers have speculated that they descended from a population that had been distinct since the Bronze Age or earlier.Genetically, at least, that doesn’t seem to be the case. Before the Roman era, the Basque had DNA that was indistinguishable from that of other Iron Age Iberians
  • After the fall of Rome, ancient DNA in Iberia reflects its medieval history. Skeletons from the Muslim era show growing ancestry from both North Africa and sub-Saharan Africa.
  • The researchers were also able to group Spaniards into five genetic clusters. On a map, these groups form five strips running north to south. Those strips line up neatly with history.
manhefnawi

Obituary: Otto von Habsburg | History Today - 0 views

  • He continued to believe in his right to the throne and opposed the Nazi Anschluss of Austria in 1938. He was sentenced to death by the Nazi regime and fled to neutral Portugal and then to the United States in 1940
  • It was not until May 1961 that von Habsburg renounced his claim to the Austrian throne. He moved to Germany and became involved in German and European politics
  •  
    In the Blood - The Secret History of the Habsburgs
manhefnawi

Spain | Facts, Culture, History, & Points of Interest - Charles II | Britannica.com - 0 views

  • In 1669 Nithard was overthrown by Juan José de Austria, an illegitimate son of Philip IV, but the regent still managed to keep him out of the central government. In 1677 Juan José led an army against Madrid and made himself Charles II’s principal minister.
  • Until the mid-1680s the Castilian economy declined
  • the reign of Charles II as “an uninterrupted series of calamities.” The population of Castile declined from about 6.5 million at the end of the 16th century to under 5 million about 1680
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  • the unwillingness of other European powers, especially the United Provinces, to see the Spanish dominions in Europe swallowed up by France
  • recurrent plagues
  • Castilian industries continued to decline
  • three successive wars with France
  • military casualties
  • The last years of the childless and clearly dying Charles II were occupied by the maneuvers of the European powers for the Spanish succession or, alternatively, for the partition of the Spanish empire
  • the rule of the house of Austria came to an end with the death of Charles II, on November 1, 1700.
  • The court of Charles II was neither financially nor psychologically capable of playing the patronage role that Philip IV’s court had played
  • the aggressive militarism that was central to the Castilian aristocratic tradition led to the political hubris of Spanish imperial policy, from Philip II to Philip IV. The Castilian ruling classes never produced, or perhaps gave no chance to, a leader who could break out of this tradition
  • It was the wars, however, that devoured Castile, even though they were fought beyond its borders
  • They do not directly explain the end of the “Golden Age,” but it may be suggested that a society that invests most of its energies and all of its pride in war
Javier E

Spanish Election: The Left Won, the Right Didn't Lose - The Atlantic - 0 views

  • far from marking a clear rejection of the fascist past, the Spanish election can just as easily be understood as a sign that the lessons of the postwar period have lost their hold over European politics. The past hasn’t lost, in other words; it’s just been forgotten.
  • Seventy-five years after World War II, the German taboo against far-right politics has been breached.
  • Vox gained 10 percent of the vote on Sunday, proving that it has significant national appeal. Though Vox did not “win” the elections, its ascent was the day’s most significant development—more than the PSOE’s victory—one that marks a true turning point in Spain’s, and Europe’s, attitude toward the past.
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  • When I was born in 1982, the Communist system that the Soviet Union had, in the war’s immediate aftermath, imposed upon the continent’s eastern half seemed unlikely to collapse anytime soon. Meanwhile, the liberal democracies in its western half looked remarkably stable, in part because the brutal reality of totalitarianism had robbed extremists of the allure they had once enjoyed. Both systems, in their own ways, were based on an explicit rejection of the fascist politics that had led the continent on the path to perdition.
  • In 2000, when I turned 18, the fault lines of World War II no longer marked the continent as starkly, but the war’s lessons seemed to mark its politics even more deeply: In Central and Eastern Europe, citizens who had purchased their freedom with decades of suffering could be counted upon to guard it jealously. Meanwhile, the political culture of Western European countries—especially those, such as Germany, that bore the heaviest historical responsibility for World War II, or those, such as Spain and Portugal, that had been ruled by fascists well into the 1970s—seemed committed to moderation.
  • Two decades into the 21st century, both of these assumptions have turned out to be wishful illusions. Across Central Europe, citizens have freely elected authoritarian populists
  • Meanwhile, countries that thought they were immune to the resurgence of the far right are finding out that the salutary effects of their violent past have started to fade.
  • Sánchez said that the past had lost
  • After three-quarters of a century in which the legacy of World War II shaped the basic categories of the continent’s politics, its lessons are being thrown overboard.
  • Europe’s long 20th century is coming to an end. The past is lost—and the future is far less certain than many European politicians appear to grasp.
manhefnawi

King Philip of England | History Today - 0 views

  • Philip, the only legitimate son of the Holy Roman Emperor Charles V (r. 1530-56), and known to history as Philip II of Spain (r.1556-98), was King of England for rather more than four years. He achieved that dignity when he married Queen Mary (‘Bloody Mary’, r.1553-58) in July 1554, and surrendered it when she died in November 1558
  • Philip of Spain, he was the bitter enemy of Elizabethan England, against whom a twenty-year war was fought
  • potentially his reign was one of huge significance. Had Mary borne him children, particularly a healthy son, the entire subsequent history of England could have been different
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  • Neither he nor his courtiers knew much about England
  • Charles V’s ambition and Mary’s suggestibility
  • Both the Ottoman threat and the schism would go (he thought) with Germany to his brother Ferdinand, but the French rivalry would remain to Spain
  • A marriage to the Queen of England provided the perfect solution – a powerbase in the north from which the Netherlands could be secured
  • Mary secured the English succession in July 1553
  • Throughout Edward’s reign (1547-53) she had attempted to defend her father’s religious settlement, and when her brother died young in July 1553 she was the heir by law, and a notorious religious conservative
  • She also owed, and willingly acknowledged, a debt of gratitude to Charles, who had defended her by diplomatic means over many years
  • There were only three candidates: Dom Luis of Portugal, the brother of King Juan; Edward Courtenay, son of the Marquis of Exeter (executed in 1539) and related through his mother to Edward IV; and Prince Philip
  • Elizabeth would never have come to the throne, the country would have remained Roman Catholic, and England would have been linked for an indefinite period with the Netherlands in a dynastic union
  • Although his support remained, there is no evidence that the Queen ever had any intention of marrying him
  • There were protests in Parliament which Mary brushed aside, and a briefly serious rebellion in Kent in January 1554, which was with some difficulty suppressed
  • As a result, the prince found himself with little more than the title of King of England
  • had no authority in England independent of the Queen, and must surrender his title if she should die childless
  • Their numerous titles had been officially proclaimed, and ‘King and Queen of England, France and Ireland …’ duly took precedence.
  • Whether by calculation or oversight, he found that he had two households, one Spanish, one English, and in spite of fair-minded attempts to divide his service between them, he was besieged with complaints on all sides
  • Mary’s much heralded pregnancy turned out to be an illusion
  • If Henry’s settlement was reversed, the whole process of dissolution could be declared invalid, and the land reclaimed by the Church, at the cost of immense disruption. Such a situation would be unacceptable to the English Parliament
  • Philip therefore used Habsburg clout in Rome to persuade Pope Julius III to do a deal. If he waived the Church’s claim to these lands, the King and Queen would reconcile England to his ecclesiastical authority
  • By the middle of January 1555, Philip had performed his first major service to the realm of England
  • The Queen consorts of Henry VIII had all been given generous settlements, but Philip got nothing
  • The Queen was sick, bewitched, even dead; there was a substitution plot in which Philip was implicated
  • On August 3rd the royal couple removed to Oatlands, and on the 5th, as soon as he could decently leave her, Philip departed for the Netherlands
  • Within a few weeks he had taken over his father’s authority in the Low Countries, and the real test of Charles’s intentions had arrived
  • Charles V abdicated in Brussels in September 1555, and handed over the Crowns of Spain to Philip in January 1556
  • There was talk of the council being divided into King’s men and Queen’s men, and the Duke of Alba urged him to get a grip on the appointments to English offices
  • The war with France, temporarily suspended by truce in February 1556, flared up again in the autumn, and Mary’s increasingly desperate pleas for Philip’s return were met with professions of affection, and bland excuses
  • Both his honour and his shortage of resources necessitated that England join him in his war against France. Mary was only too anxious to do something to gratify him that would not compromise her authority in England, so she was keen to oblige
  • Philip had left in July, and when in January 1558 the Queen announced that she was again pregnant, no one believed her. This was not only immensely sad, it was also a warning that there was something seriously wrong with her health, and Philip got the message. Ever since he had abandoned his campaign for a coronation in 1556, the King had had his eye upon Elizabeth
  • At first the King sought to neutralise Elizabeth by marriage to one of his loyal dependents, the Duke of Savoy
  • The princess was the heir by English law – the same law which had brought Mary to the throne – but the heir in the eyes of the Catholic church should have been Mary Stuart, the granddaughter of Henry VIII’s sister, Margaret. Mary was in France and betrothed to the Dauphin, so that neither Philip nor Mary wanted her on the English throne
  • As her health deteriorated in the early autumn of 1558, to Mary’s intense distress, her husband concentrated on ensuring that Elizabeth’s succession would be as smooth as possible
  • Mary’s death was a relief to Philip. The affection in their relationship had been all on her side, and he urgently needed a fertile wife who would bear him more children. In the event he had failed to transcend the limitations of his marriage treaty, and his power in England had remained extremely limited. In the course of time, the country became a liability
  • he also brought it into the war which cost Calais; but he protected Elizabeth during the latter part of the reign, and made sure that she came safely to the throne. Paradoxically, that was his most lasting achievement as King of England
manhefnawi

1704: Blenheim, Gibraltar and the Making of a Great Power | History Today - 0 views

  • glories of Queen Anne’s reign (1702-14), ‘that short period of our History, which contains so many illustrious Actions
  • The most significant of these actions were in the course of the War of the Spanish Succession (1701-13, Britain not involved until 1702), as the European powers jostled for control of the Spanish empire following the death of the last Spanish Habsburg king, Charles II, in 1700. On July 23rd, 1704, British naval forces captured Gibraltar and held out against Franco-Spanish attempts to regain it, while a few weeks later on August 13th, John Churchill, then Earl of Marlborough, heavily defeated a Franco-Bavarian army at Blenheim in Bavaria
  • The Blenheim campaign was crucial in preventing French hegemony in western Europe. Allied with Britain and the Dutch against France, the Holy Roman Emperor Leopold I (r.1658-1705) was central to the struggle on the European mainland as his defeat would have allowed the French to dominate both Germany and northern Italy and to concentrate against the Anglo-Dutch efforts in the Low Countries and the lower Rhineland
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  • A combination of Louis XIV of France, the Elector of Bavaria, Max Emanuel, and Hungarian rebels, threatened to overthrow Leopold, and thus to end the Habsburg ability to counter-balance French power
  • These depots enabled the army to maintain cohesion and discipline, instead of having to disperse to obtain supplies
  • Marlborough had been more successful than his opponents in integrating cavalry and infantry; his cavalry were better trained for charging; and the artillery, under Colonel Holcroft Blood, manoeuvred rapidly on the battlefield, and was brought forward to help support the breakthrough in the centre
  • The victory ended the threat to Austria. Most of the Franco-Bavarian army was no longer effective after the battle and its subsequent retreat to the Rhine. The Allies followed up the battle with the conquest of southern Germany, as Bavaria was ‘taken out’ of the war, and took the major fortresses of Ulm, Ingolstadt and Landau before the close of the year. It was not until 1741 that French forces were again to campaign so far to the east – and later, and more seriously, in the French Revolutionary and Napoleonic wars, when no British army marched to the Danube. In contrast, Marlborough’s advance into Germany had prepared the way for George II to campaign there in 1743, a campaign that culminated in another victory for the British and Austrians over the French at Dettingen, to the east of Frankfurt
  • Under Marlborough at Blenheim, the British army reached a peak of success that it was not to achieve again in Europe for another hundred years, until Wellington
  • Marlborough’s army was the most battle-hardened British army since those of the Civil Wars of the 1640s, but the armies of the Civil Wars had not been engaged in battles that were as extensive or sieges of positions that were as well fortified as those that faced Marlborough’s forces
  • The British in Gibraltar were now besieged on land by the French and the supporters of Philip V, but, as with the lengthy siege of Gibraltar by the Spaniards in 1780 during the American War of Independence, British fleet action proved crucial to the relief of the besieged garrison
  • As Marlborough was Master-General of the Ordnance as well as Captain-General of the Army, he was able to overcome any institutional constraints on co-operation between artillery and the rest of the army
  • Marlborough’s battles were fought on a more extended front than those of the 1690s, let alone the 1650s
  • Marlborough went on to win other battles – notably Ramillies (1706), Oudenaarde (1708), and Malplaquet (1709) – but none had the dramatic impact of Blenheim, in part because that victory ended the danger that the anti-French alliance would collapse. But he also found that victory did not make it any easier to get the Allied forces to work together, and this, combined with differences in military and diplomatic strategy among the political leaders (the Dutch were especially cautious), made his task very difficult
  • Meanwhile, a few weeks earlier the seizure of Gibraltar had brought together Britain’s role as a Continental power with her interests as a maritime state. British troops were engaged in Iberia in support of ‘Charles III’, Leopold I’s second son and the Habsburg candidate for the crown of Spain, against Louis XIV’s second grandson, Philip V of Spain, who had been installed in 1700 under the terms of Charles II’s will. It proved far easier for Britain to intervene on the littoral, however, than to control the interior
  • the seizure of Gibraltar proved important as it registered the shift of naval hegemony from France to Britain. In the early 1690s Britain and France had contested the English Channel, but following the British victory at Barfleur in 1692, the navy had become far more effective in the Mediterranean. The dispatch of a large fleet under Russell to the Mediterranean in 1694 had been followed by its wintering at the then Allied port of Cadiz, a new achievement. The competing interests of Austria, France and Spain in the western Mediterranean ensured that this area was the cockpit of European diplomacy
  • n 1702, Sir George Rooke had concentrated on Spain’s Atlantic waters as a consequence of an attempt to intercept the Spanish treasure fleet from the New World. His attack on Cadiz had failed, but the Franco-Spanish fleet at Vigo was successfully attacked. British naval strength encouraged Portugal to switch sides in 1703; but, in an even more significant move, the same year Sir Cloudesley Shovell entered the Mediterranean and persuaded Victor Amadeus II of Savoy-Piedmont to abandon his alliance with Louis XIV
  • Rooke’s capture of Gibraltar on July 23rd, 1704, when the landing force was crucially supported by naval gunfire that silenced the enemy battery on the New Mole, led the French to mount a naval response to regain Gibraltar for Philip V and to demonstrate that France was still the leading naval power in the Mediterranean
  • Like Gustavus Adolphus of Sweden in the Thirty Years’ War seventy years earlier, Marlborough made his cavalry charge fast and act like a shock force, rather than as mounted infantry relying on pistol firepower
  • These blows led the French to abandon the siege. Gibraltar’s inhabitants had been allowed to remain in the town if they took an oath of fidelity to ‘Charles III’, but ultimately the victory of Philip V, the Bourbon claimant, in the wider war removed this option, and instead the British acquired Gibraltar under the Treaty of Utrecht of 1713. In an attempt to improve relations with Spain, in 1721 George I promised to approach Parliament for consent to return Gibraltar to Spain, but this was not deemed politically possible
  • Three years later a fleet based at Gibraltar discouraged a junction between Bourbon naval forces in the Atlantic and the Mediterranean. During the French Revolutionary and Napoleonic wars, when the Mediterranean formed a frontline between the alliance systems of two clashing empires, Gibraltar was a key British resource
  • Maintaining a presence in Gibraltar thereafter ceased to be of vital strategic concern to the British and became a curiosity to many; but its major role for a quarter-millennium of national history should not be underplayed.
  • It failed, after a night-time error in navigation led to the loss of eight transport ships and nearly 900 men in the St Lawrence estuary, but the Peace of Utrecht of 1713 left Britain with recognition of its wartime gains: not only Gibraltar and Minorca, but also Nova Scotia and Newfoundland. This weakened the defences of New France and left the British clearly dominant in North American waters
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