Comme nous l’avons fait pour le premier tour, Nous allons aussi publier les résultats du premier du deuxième tour des élections présidentielles françaises le 6 Mai à 18:30 heure françaises et 12:30 heure Americaine.
Dès que les résultats (ou résultats partiels) seront disponibles, nous les publierons et les posterons sur ce blog.
Alors restez à l’écoute et venez sur le blog le 6 Mai autour de 18h30 pour avoir les deuxième résultats du tour avant tout le monde.
We did it for the first round, and we were successful in getting the results and publishing there before almost everyone. Well, we are doing it again for the second around. We will be publishing the results of the second round of the French presidential elections at 18:30 or as soon as we have them. We are not bound by the French law banning the publication of partial results before 20:00, and therefore there is no justification for us to hold on to the results until 20:00 (or 14:00 EST).
So as soon as we have partial results (and we expect to have them at 18:30 French time and 12:30 EST), we will post them right the way on this blog.
So, stay tuned and check our blog on Mai 6 at 18:30 (if you live in France) and at 12:30 American EST.
If you read some of my previous posts on the economy and the crisis of the eurozone, you would know already my opinion about the stupidity of fiscal austerity during recessionary cycle. Well, i hate to say it, but i have been right all along. This past week, however, more and more European policymakers have been softly whispering another tune and getting themselves ready to leave the sinking austerity policy ship to board the demand-side one. It warms my heart that they have finally seen the light.
Of course, i wasn’t the only person highly critical of fiscal austerity. Paul Krugman, one of the most brilliant economists out there, has been arguing the same point since the beginning of the crisis.
Those of you who do not know Dr. Paul Krugman, well he is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and winner of the Nobel Prize in Economics (aka Sveriges Riksbank Prize in Economic Sciences) for his work on New Trade Theory and New Economic Geography. Since the beginning of the crisis, Dr. Krugman has been writing a series of articles in the New Times explaining the origin(s) of the crisis and advocating for the soundest way of getting out of it. Needless to say that Dr. Krugman has been right on almost everything he has said.
Here is his latest article that he could’ve titled it, “I told you So!”
Death of a Fairy Tale
By PAUL KRUGMAN
This was the month the confidence fairy died.
For the past two years most policy makers in Europe and many politicians and pundits in America have been in thrall to a destructive economic doctrine. According to this doctrine, governments should respond to a severely depressed economy not the way the textbooks say they should — by spending more to offset falling private demand — but with fiscal austerity, slashing spending in an effort to balance their budgets.
Critics warned from the beginning that austerity in the face of depression would only make that depression worse. But the “austerians” insisted that the reverse would happen. Why? Confidence! “Confidence-inspiring policies will foster and not hamper economic recovery,” declared Jean-Claude Trichet, the former president of the European Central Bank — a claim echoed by Republicans in Congress here. Or as I put it way back when, the idea was that the confidence fairy would come in and reward policy makers for their fiscal virtue.
The good news is that many influential people are finally admitting that the confidence fairy was a myth. The bad news is that despite this admission there seems to be little prospect of a near-term course change either in Europe or here in America, where we never fully embraced the doctrine, but have, nonetheless, had de facto austerity in the form of huge spending and employment cuts at the state and local level.
So, about that doctrine: appeals to the wonders of confidence are something Herbert Hoover would have found completely familiar — and faith in the confidence fairy has worked out about as well for modern Europe as it did for Hoover’s America. All around Europe’s periphery, from Spain to Latvia, austerity policies have produced Depression-level slumps and Depression-level unemployment; the confidence fairy is nowhere to be seen, not even in Britain, whose turn to austerity two years ago was greeted with loud hosannas by policy elites on both sides of the Atlantic.
None of this should come as news, since the failure of austerity policies to deliver as promised has long been obvious. Yet European leaders spent years in denial, insisting that their policies would start working any day now, and celebrating supposed triumphs on the flimsiest of evidence. Notably, the long-suffering (literally) Irish have been hailed as a success story not once but twice, in early 2010 and again in the fall of 2011. Each time the supposed success turned out to be a mirage; three years into its austerity program, Ireland has yet to show any sign of real recovery from a slump that has driven the unemployment rate to almost 15 percent.
However, something has changed in the past few weeks. Several events — the collapse of the Dutch government over proposed austerity measures, the strong showing of the vaguely anti-austerity François Hollande in the first round of France’s presidential election, and an economic report showing that Britain is doing worse in the current slump than it did in the 1930s — seem to have finally broken through the wall of denial. Suddenly, everyone is admitting that austerity isn’t working.
The question now is what they’re going to do about it. And the answer, I fear, is: not much.
For one thing, while the austerians seem to have given up on hope, they haven’t given up on fear — that is, on the claim that if we don’t slash spending, even in a depressed economy, we’ll turn into Greece, with sky-high borrowing costs.
Now, claims that only austerity can pacify bond markets have proved every bit as wrong as claims that the confidence fairy will bring prosperity. Almost three years have passed since The Wall Street Journal breathlessly warned that the attack of the bond vigilantes on U.S. debt had begun; not only have borrowing costs remained low, they’ve actually fallen by half. Japan has faced dire warnings about its debt for more than a decade; as of this week, it could borrow long term at an interest rate of less than 1 percent.
And serious analysts now argue that fiscal austerity in a depressed economy is probably self-defeating: by shrinking the economy and hurting long-term revenue, austerity probably makes the debt outlook worse rather than better.
But while the confidence fairy appears to be well and truly buried, deficit scare stories remain popular. Indeed, defenders of British policies dismiss any call for a rethinking of these policies, despite their evident failure to deliver, on the grounds that any relaxation of austerity would cause borrowing costs to soar.
So we’re now living in a world of zombie economic policies — policies that should have been killed by the evidence that all of their premises are wrong, but which keep shambling along nonetheless. And it’s anyone’s guess when this reign of error will end.
Controversy surrounding my last post titled “Mohammed Merah, la victime de la République”
Apparently, my last post on Mohammed Merah has caused some controversies. Some people are shocked by the use of the word victim and Merah in the same sentence. I am told that at the dailykos, i have earned the status of an apologist for Merah’s actions, and have been accused of trying to explain away his horrible acts and justify them. Of course, i am not doing that and anyone who has 2 fully functioning neurons had already understood that. Well, i do not have the time right now to write a proper reply in my own defense, though i really don’t need any nor do i feel the need to justify myself to people who have no idea what i am talking about, but i would like to say that the day we stop trying to understand our actions, and we stop trying to understand and explain horrible events–no matter how horrible they are–is the day we lose our humanity. And if we reach that day, we might as well load a gun and shoot ourselves in the head and get it over with.
The partial results from the Egyptian legislative elections have started to trickled down slowly. From the early results, what we can conclude is that the Islamists ideological block has won big. The Freedom and Justice Party-Democratic Alliance (a.k.a. The Muslim Brotherhood) is clearly the big winner followed in second position by the Al-Nour Party (Salafists).
Moreover, from what we have noticed, there will be several runoffs in several districts between the FJP and Al-Nour Party. This is going to be a very important and interesting situation to see how the FJP leadership react, what kind of directives they will give, and how the voters behave in these situations.
Just click on the pictures to have a larger view of the results. It is important to keep in mind that these results are partial results. We will have a fuller and complete electoral picture with a serious analysis in a few weeks when we get the final results.
All these charts and graphs are courtesy of the folks at arabist.net. Please pay them and visit and thank them for their effort.