quicklink, USA

Different Standards.

At the end of February, when a Frankfurt court sentenced Mounir Motassadeq to 15 years of imprisonment for aiding the 911 terrorists, the Washington post was a tad bit cynical about the fact that “European countries have different visions of just sentencing than those that prevail in [ths US]” entitling their commentary “1.8 Days Per Murder”. Today, Salon.com’s coverage of unjust executions in the US would allow to reciprocate the cynicism – if it weren’t so sad.

Standard
German Politics, oddly enough, quicklink

I’m frightened.

Fair enough, all this is probably even more speculative than the much debated question how long the US will stay in Iraq. Now that a lot of people believe that Joschka Fischer will go to Brussels next year to become the first ‘European Foreign Minister’ once the Constitution will be ratified, the establishment of his party is already vulturing for his current job.

According to SPIEGEL ONLINE, even the current Minister for environmental affairs, Juergen Trittin, is interested in the top-job in the German foreign ministery. Even though his most notable foray into foreign affairs was rather successful (he managed to get the Kyoto treaty through against W’s opposition), I cannot possibly imagine “Juergen-can-deposit-Trittin” as Germany’s top ambassador. No way. Never.

Standard
almost a diary, media, quicklink

Preemptive Eavesdropping. Home. Slightly Drunk.

Just had a great two-hour argument with a Sueddeutsche-Journalist about the vices and virtues of his profession. And now I come home to find this article in his newspaper about how a proposed state law is about to legalise preemptive eavesdropping on journalists in Bavaria. I may be too tired to reflect on this, but I am certainly not tired enough to oppose it.

Standard
Economics, quicklink, US Politics

Much Ado about not much.

The McKinsey Quarterly looks at the incentive effects of the Bush dividend-cut proposal and decides that it, well, is largely a placebo. Won’t hurt, won’t heal, as most shares are held by tax-exempt entities anyway –

“The fact, however, is that tax-paying US individual shareholders own a minority of all US shares?28 percent in 2002, whereas tax-exempt US institutions and individuals who hold shares in tax-exempt accounts owned 61 percent. (The remainder was in foreign hands.) … Since these investors are indifferent to the issue of taxes on their dividends, they are unlikely to set in motion the kinds of changes in their portfolios that would drive up share prices.”

Standard