Why I won’t be watching the Sochi Olympics

I was a huge fan of the Olympics when I was growing up, probably ever since I had to do a book report on Jesse Owens when I was in elementary school. I knew about the problems in the past — and have had an emerging appreciation for the difficulties and tribulations it causes the residents of host cities, particularly the lower-income folks. But, broadly speaking, I believed it was one of those things that had an important ideal for humanity even if it didn’t always meet it.

When I say I was a huge fan, I mean huge. In fact, from February 2002 (i.e. Salt Lake) to some time around February 2006 — maybe later even — my bedroom was always decorated with Olympics-related stuff. As a kid, I knew an insane amount arcane trivia about various Olympics, and I’m not even really big into sports. I even had an Olympics-themed birthday party one year. I’ve stayed up late so many summers and winters, night after night, to watch the games. I was very disappointed not to have a TV in 2010 for the Vancouver Games and kept trying to find TVs playing it in public spaces. In 2012, despite all the annoying tape-delay BS, I was relieved I had a TV to watch the London games.

This year, I would have all the time in the world and my own TV. But I won’t be watching any of the 2014 Sochi Winter Games. Not after everything that’s happened in the run-up to it.
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A brief history of the Greek debt coverup

The problem with not giving anyone central monetary control of a shared currency is that it can become very chaotic and disorganized if everyone is pursuing contradictory fiscal policy at the national level. To avoid this, when the Eurozone was being designed, members agreed that they would have to meet certain deficit and debt targets — keeping the budget deficit (amount spent more than collected) below a certain ratio for a few years — to join and then even below that initial target every year after becoming members.

(Sidebar: The major downside to this strategy is that the economies and parliaments remain separate despite sharing a currency, yet they can’t respond to specific economic conditions in their own countries without violating their deficit and debt targets. This extends recessions in some places, even as other members of the Eurozone continue to do well.)

By 1998, eleven countries had met their targets for joining the Eurozone. Greece was not one of them.

As of 1999, when the currency virtually launched for trading purposes but not ordinary people, Greece had still not met their target to join the Eurozone when it would launch on paper a few years later. In large part, this resulted less from generous social spending and pensions and more from Greece’s chronic inability to collect tax revenues from its citizens – one of the most tax-evading populations in the world.

They were also five years away from hosting the 2004 Summer Olympics, which they had been awarded in 1997. The games had run into huge budget problems and cost overruns, which the government (as a matter of national pride, being Greece) had to help manage. They needed to take on even more debt to pull off the games, which was the opposite of what they needed to join the Eurozone before currency began circulating.

US Investment Bank Goldman Sachs came up with some very elaborate and expensive schemes (see this detailed video explanation of the mechanics from the BBC), which essentially allowed Greece to get the money it needed, while hiding how big their debt (and yearly deficits) had become. This scam allowed Greece to join the Eurozone in 2001, while it was still in its virtual stage, in time to participate when the physical currency launched in January 2002.

greek-euro-10-acropolisOutside observers started exposing the Goldman scam in 2003, and Greek government officials (from a new cabinet) revealed the deal in 2005, but EU regulators essentially pretended it had never happened until well after the crisis hit in 2009 (and continued to deny prior knowledge of it).

Meanwhile, Greece’s already bad debt situation was exploding from 2000 to 2008, as a direct result of the terms of the deal.

In a sense, like so many American homeowners before the end of 2007, Greece was given subprime loans it couldn’t possibly repay. Regulators and monetary authorities failed to perform due diligence ahead of the accession of Greece to the eurozone and then ignored the escalating danger as long as the rest of the global and European economy was doing fine. They only stepped in after the house of cards collapsed and then demanded round after round of budget cuts and other measures that hurt average Greeks who had nothing to do with the bad debt decisions that the rest of the Eurozone should have stepped in to prevent years earlier.

Greece played a part in setting up its own crisis, but the bigger picture is that Greece was failed by its peers and partners in the monetary union, and it was failed by abusive and manipulative lenders, who preyed upon a desperate government and gave them loans it never should have received in the first place.

More intervention troops to Central African Republic?

As the reciprocal mass killings continue to rage across the Central African Republic despite the rising numbers of regional African Union troops and existing French United Nations troops, the U.N. is now saying they may need at least ten thousand intervention troops, several thousand more than have already been ordered to the country. These troops, unlike many peacekeeping missions, are authorized to use proactive force to protect civilians and end violence.

The AU intervention force — which has already clashed repeatedly with protesters and militia groups over their conflicts-of-interest in the country — will soon be at 6,000. The UN has also already cleared 600 more intervention troops to come in from the European Union. Former colonial ruler France alone has 1,200 troops on the ground, mostly protecting key points in the capital, including refugees at the airport.

More than 1 in 5 people in the country has been forced to flee their homes, caught in the vengeful crossfire of Muslim and Christian militias after a rebel coalition was disbanded and went on a rampage last year. Unlike the reasonably cautious negotiation progress seen in next-door South Sudan, the C.A.R. has not seen much relief from the violence and humanitarian crisis, despite the efforts of a dozen leaders from across the region, who even secured the appointment of a new bridge-building president recently.

The large country, facing a refugee crisis of one million, will probably realistically require more than even ten thousand. But if the lengthy problems with the neighboring Congo missions are any indication, a United Nations force will always be under-manned relative to the scale and geography of the crisis. Plus, with the recent deaths of peacekeeping troops in South Sudan, while protecting refugees on a UN base, it’s going to be a tough sell right now to get countries to contribute boots on the ground.

AFD 71 – Return to No-Ethics Land

Latest Episode:
“AFD 71 – Return to No-Ethics Land”

Half Episode due to UD Athletics: An update on the ethics scandal discussion in Ep 50. Michael from Pound 4 Pound Boxing Report talks about the latest Fox News ignorance. Tunisia gets a new constitution.

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– ThinkProgress:”Former Virginia Governor and Wife Indicted on 14 Felony Counts Over Gifts Scandal
– TPM: “The Eight Juiciest Revelations From The Bob McDonnell Indictment
– Washington Post: “McDonnell rejected plea offer to face one felony, spare wife any charges, avoid trial
– Media Matters: “Fox’s Bolling: “I Don’t Think There’s Racism,” Because We Have A Black President And Black Entertainment Channels
– Media Matters: “Fox’s Eric Bolling’s Race Problem
– BBC: “Tunisia’s NCA Agrees to New Constitution
– Foreign Policy: “Egypt’s Women Fight Back

Egypt insurgents shoot down military chopper

Long anticipated/suspected, it’s now been dramatically confirmed that the Egyptian Sinai insurgency is in possession of functioning portable surface-to-air missiles acquired in the deluge of weapons that flooded North Africa during and after the Libyan Civil War. This was demonstrated when a militant group used one this weekend to take down a military helicopter, killing all five crew members on board, in front of dozens of witnesses. They later posted a video showing the attack and falling aircraft.

Meanwhile, anti-military protesters clashed with troops in Cairo, leaving over 60 dead, 250 injured, and more than 1,000 under arrest.

Let slip the birds of war!

Not a great start for efforts to bring peace on Earth in 2014.

In what some are interpreting as an ominous sign for world peace, two white doves released from the Vatican have been attacked by two larger birds.

The doves were set free as a symbol of peace from a balcony overlooking St Peter’s Square during Pope Francis’ weekly Angelus prayers, held at noon every Sunday.

But moments later, a seagull and a black crow swooped down and attacked the doves, pecking at them repeatedly, as tens of thousands of people watched on.

The crow chased down the dove and grappled with it as the white bird tried to fly away.

The Sunday prayers called for an end to violence in Kiev, with the Pope saying there was a need for dialogue between the Ukraine government and opposition.

 

Tough being caught between a crow and a seagull. Is this some weird living metaphor for Ukraine being caught between Russia and the European Union? Or perhaps the civilians caught between the Syrian regime and Syrian insurgents? The interpretive possibilities are endless.
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Tunisia still setting regional example

Flag-of-TunisiaAmong the Arab Spring countries, Tunisia was not only the first to get the ball rolling but has also made the most sustained progress toward a durable liberal democracy, with majority rule and minority rights.

Nearly every other Arab Spring nation has regressed severely. For example, Egypt today marked its 3rd anniversary of the January 25 Protests that led to the fall of their dictator by celebrating and lauding … their new dictator. Neighboring Libya also still seems to be making progress, very slowly, but is pretty chaotic. Syria is mired in bitter civil war and the other countries generally suppressed their protests.

In contrast, Tunisian politicians have met their country’s bumps and protests with negotiations and compromise, again and again, thus avoiding disorder and civil war.

The leading, moderate Islamist party was amenable to compromise after last July’s Egypt coup showed them a much darker alternative, and the secular opposition parties were largely also very reasonable in negotiations. When a key opposition figure was assassinated last year, everyone managed to walk back from the brink of chaos and went back to working out their differences.

Yesterday, that resulted in parliament agreeing on a new constitution that exceeded expectations all around. A formal vote within parliament is scheduled for Sunday and it could enter force next week.

It’s still going to be a challenging road ahead but Tunisia is getting a new constitution that seems pretty well balanced and includes some really impressive provisions. Here’s a BBC analysis of the new document by Naveena Kottoor:

The majority of the members of the Tunisian constituent assembly are very keen to stress that this constitution is a consensus document, that reflects the unity as well as the diversity of the country.

Confronted with political stalemate and protests on the domestic front and the removal of Islamist President Mohammed Morsi in Egypt last year, the governing Islamist Ennahdha party agreed to a number of concessions, including the removal of references to Islamic law.

The final text states that Islam is the religion of the Tunisian state, but guarantees religious freedom.

Article 45 puts a burden on the state to protect women against violence and ensure equal representation of men and women in elected institutions, a milestone in the Arab world.

But whether this new constitution will indeed pave the way for more democracy, transparency and accountability will depend on whether the principles enshrined in the text will be respected by Tunisian politicians and be put into practice in the coming months and years.

 
Tunisia is setting an example for the Middle East & North Africa region that there is another course and that societies with big differences can still come together and talk it out until there’s a solution that works for everyone.