Europe

The lyrics to the song contained in this track are available here:
http://www.lyricsdownload.com/alarm-the-new-south-wales-lyrics.html 

They Tore Down The Kremlin-- and I wasn't there.
September 20, 2009. 

Macdonald John Enoch Stainsby.

I guess I should first explain why I am writing this article. It would not be at all inaccurate to say I'm trying to channel incredibly powerful emotions that have surfaced as a result of a recent short visit to Maerdy, south Wales in the Rhondda Valley. My family roots trace back to the town known as “Little Moscow” from the 1920's on. I have long known of our ties to this community but not the depth of those connections or what impact on me these ties would have.

I began my own personal journey in life that took me to revolutionary conclusions by necessity beginning when I was in high school but not becoming the path that I would take with my life until my early 20's, roughly 13 years ago. My reasons for moving towards the revolutionary transformation of society had almost nothing to do with our family history but were based on my own rational conclusions based on the state of the world. To this day when someone asks me why I'm a self-described revolutionary I still want to reply: “Look around you. Why aren't you?”

Was reading the less-than-stellar analysis of Globe Opinion writer Jeffrey Simpson the other day when I noticed this little gem:

France and Canada are on the same wavelength on issue after issue, including Afghanistan and trade (Canada and the European Union are entering serious talks about a free-trade agreement). They both opposed the invasion of Iraq.

Canada and EU free trade deal? I read a lot of news so I was wondering why I hadn't seen more of this before.

A quick google search found a couple of news pieces here, here and here about the issue, but this could potentially be major.

I'm no fan of free trade and think NAFTA should be abolished, but do believe in the benefits of fair trade as long as never-ending growth isn't part of the deal.

Canada's trade has been almost entirely dependent on the US since colonization. Would a free trade agreement with the EU mean less dependence? Would Canadian standards plummet on certain issues? What would the impacts on social justice, the tar sands, mining and other issues be?

Iceland is nearing economic collapse as its second largest bank has been nationalized by the government.

The most free-market of the Nordic countries, it seems as if Iceland has been too heavily involved in the credit markets for the last 15 years. The Guardian reports:

Inflation and interest rates are raging upwards. The krona, Iceland's currency, is in freefall and is rated just above those of Zimbabwe and Turkmenistan. One of the country's three independent banks has been nationalised, another is asking customers for money, and the discredited government and officials from the central bank have been huddled behind closed doors for three days with still no sign of a plan. International banks won't send any more money and supplies of foreign currency are running out.

In a telling turn of events, Iceland has had to get a loan from cash-rich Russia to help stave off collapse. The Prime Minister of Iceland has reportedly stated,

"We have been calling for aid from neighboring countries and have been turned down. In times of crisis, one has to look for new friends."

It was a busy 24 hours for a Norwegian Socialist Finance Minister.

Kristin Halvorsen, the head of the Socialist Left Party in Norway and Finance Minister in the coalition government banned government investment in mining giant Rio Tinto and said George W. Bush "showed good social-democratic tendencies".

Halvorsen was referring to the US governments decision to bail out mortgage giants Fannie Mae and Freddie Mac. The Norwegian government, which operates a massive surplus-fund, invested heavily in Fannie Mae and Freddie Mac and suffered major losses recently as a result.

On the same day, Halvorsen also reported that the same surplus fund would no longer be investing in Rio Tinto due to environmental concerns. "Wal-Mart, British arms manufacturer BAE Systems and US defense firm Lockheed Martin have also been blacklisted" in the past, according to the BBC.

The surplus-fund is Europe's biggest investor and holds nearly 1% of Europe's listed shares.