vineri, 21 decembrie 2012

Damn Cool Pics

Damn Cool Pics


The Funniest AutoCorrects Of 2012

Posted: 21 Dec 2012 01:19 PM PST

The most hilarious autocorrect fails of 2012.
















































Via: damnyouautocorrect

Shark Aquarium Accident in China

Posted: 21 Dec 2012 01:03 PM PST

A two year old 34 ton shark tank with 25cm thick glass, constructed within chinese mall breaks, causing injury to 56 people and death to 7 sharks.







































Facebook Privacy Fail [Infographic]

Posted: 21 Dec 2012 10:09 AM PST

Nearly everyone has a Facebook page, and Facebook has been failing epically lately. This infographic takes a look at Facebook's privacy fails over the years.

Click on Image to Enlarge. Facebook Privacy Fail
Source: Facebook Privacy Fail

We Hear You

The White House Your Daily Snapshot for
Friday, December 21, 2012
 
We Hear You

This morning, the White House responded to petitions on the We the People platform asking the Administration to take action to reduce gun violence in our country.

President Obama recorded this video response to petition signers, and we want to make sure you had a chance to see it, too.

Watch President Obama's video message on reducing gun violence.

Watch President Obama's video response

West Wing Week: 12/21/12 or "We Are There For Them"

This week, the President addressed the national tragedy in Newtown, Connecticut, and promised meaningful action to address gun violence. The White House also hosted some of its newest Pinterest followers, and the President spread some holiday cheer.

Watch this episode of West Wing Week.

West Wing Week: 12/21/12 or We Are There For Them

In Case You Missed It

Here are some of the top stories from the White House blog:

First Lady Michelle Obama: "Talking to Our Kids about Newtown"
In an open letter to parents, First Lady Michelle Obama offers some ideas for discussing the tragedy in Newtown with children and young people. Read the First Lady’s letter.

A Principled Stance on the Internet's Future
Last Friday, the World Conference on International Telecommunications (WCIT) ended without broad agreement regarding proposed revisions to a major international telecommunications treaty.

Resources for Parents and Schools After Connecticut Tragedy
Following last Friday's shooting at an elementary school in Newtown, CT, the Department of Education has provided a number of resources to help parents in the wake of traumatic events, as well as a host of resources to help schools prepare for and recover from crisis.

Today's Schedule

All times are Eastern Standard Time (EST).

9:30 AM: The President observes a moment of silence in honor of the victims of the Newtown shooting

9:35 AM: The President and the Vice President receive the Presidential Daily Briefing

10:30 AM: The President and the Vice President deliver remarks at the funeral service for the late Senator Daniel Inouye WhiteHouse.gov/live

1:30 PM: The President makes a personnel announcement WhiteHouse.gov/live

WhiteHouse.gov/live Indicates that the event will be live-streamed on WhiteHouse.gov/Live

Get Updates


Stay Connected


This email was sent to e0nstar1.blog@gmail.com
Sign Up for Updates from the White House
Unsubscribe | Privacy Policy
Please do not reply to this email. Contact the White House


The White House • 1600 Pennsylvania Ave NW • Washington, DC 20500 • 202-456-1111
 

8 Copy Editing Tricks to Make You Look Professional - Whiteboard Friday

8 Copy Editing Tricks to Make You Look Professional - Whiteboard Friday


8 Copy Editing Tricks to Make You Look Professional - Whiteboard Friday

Posted: 20 Dec 2012 04:06 PM PST

Posted by Erica McGillivray

Top secret: editing your own writing is the worst part of writing. We all hate it, whether we label ourselves writers, SEOs, Doctor Who fans, and/or magical princesses. Stepping back from your own writing to give it polish is hard. Typos, badly constructed paragraphs, awkward phrases, or just general poor writing jump out when someone else writes it. But moi? I would never do that. And neither would you.

However, reality is that today no matter our titles, most of us are required to write, and we need editing help. I hope you'll be able to find some tips to help you in what can sometimes be an arduous process. But maybe you'll find a little love, a little magic, and transform your writing into something beautiful.

P.S. Advanced grammar students: go forth with the diagramming of sentences.

"I really do not know that anything has ever been more exciting than diagramming sentences." -- Gertrude Stein
 

Video Transcription

"Howdy SEOmoz fans. It's Whiteboard Friday. I'm Erica, and I'm the Community Attachè here at SEOmoz. Today we're going to talk about copy editing and things you can do to make yourself look more professional.

I realize many of you, we started out as SEOs. A couple of years ago, in the industry, it was like keyword research. Where am I ranking? The most copy you ever wrote was like a meta description, maybe a product description.

But today, the world of SEO, as we know, is drastically changing. We're doing all sorts of copywriting these days. Content marketing is huge. You've got guest blogging. We're all over, and a lot of you are really frustrated because you're like, "Man, I wish my writing was better. I wish I had a writer on my staff to help me out." But sometimes you are that person who is doing a little bit of everything. I've totally been there.

So today we're just going to talk about how to make your copy editing magical and make you look a little more professional. People will be like, "Wow, I knew you were an amazing SEO. I didn't know what a great writer you were too."

So these are some little handy-dandy tricks I try to remember any time I am writing.

So the first thing you want to do is you want to identify your why. Why are you writing this piece? What are you trying to accomplish by going out there and talking about it? Like when I sat down to outline my Whiteboard Friday, I said, "I have this knowledge about copy editing. I want to share it with SEOmoz's audience because I know you'll find it valuable, especially if you're going to write a YouMoz or something.

So if you can focus really on your piece and figure out that why it is so important with you, that's really going to make sure that your piece, that your writing comes together. If you're writing about kittens or unicorns or if you're writing a serious piece about using Google Analytics, importing into Excel, and doing all the crazy, amazing SEO things I know all of you know how to do.

So the second thing that you want to focus on is finding your voice. Every writer writes a little bit differently, just as every person is a little different. As you continue to write and continue to practice, there will be certain words you use. There will be certain ways you phrase things that really identify who you are.

One of the funnest things I like to play with is using styles or voices from other people. So, for instance, I've totally written a blog post as Rand, and it was kind of funny. Can I sound like Rand? Where can I go? Or I used to - and now Ashley our content specialist has taken this over - write the SEOmoz newsletter. One time I wrote as Roger, but as Captain Kirk doing a little captain's log. So you can have a lot of fun with your voice and your style. Don't be afraid to be a little kooky. Give it a little personality. Show who you are. Show what you're interested in.

The third tip, which is going more, once you've written your piece, you're kind of pulling back into the finer editing stage. Read your work aloud. Just do it. Sit there and go slowly. If you have to print it out, do it old school, and just read every word you've written.

When I was a kid, I had this problem where I would always skip over the little words like the, a and. My teachers would just paper full of red. Like what happened? I finally broke that habit when I went to college, and I started printing out my essays and reading them slowly aloud. I'm sure my dorm mate was like super thrilled to hear my essays about ancient Celtic languages, for instance.

But it will so much improve your writing, because you'll notice things. You'll read it and you'll like, "Wow, this doesn't make any sense. What was I even thinking?"

It helps with some of those more embarrassing typos or confusion if your sentences are getting really long and complicated, especially as you're diving into more advanced topics.

So my fourth tip is put your writing aside. I'm sure many of you have suffered from writer's block or just frustrations when you get to the editing part. You just don't want to let it go. Writers often call this killing your babies, which is kind of vulgar maybe. But we get really attached to what we've written, and we can't always see how to edit it and how to bring it back in and really refine our piece.

Maybe you start a draft and you set it aside and maybe you come back to it tomorrow. Maybe you come back to it six months to a year from now. You never know when it's . . . if it's something you love and it's something you're passionate about, maybe you can't push it. But sometimes maybe it's just that 24 hours, because I realize a lot of you are also out there writing things that are super time sensitive that you have to get out right away, which brings me to the next point.

Ask a friend to edit. If you're doing something really time sensitive, this is extremely helpful. If your friend has any editing experience, it's even better. You never know what crazy typos you're going to send out into the world or what crazy communication flubs, or maybe your piece just needed like five paragraphs cut out of it. Having someone you trust and someone who you can respect their opinion goes even further.

You definitely don't want to do things like I've done where I was sending out an email about fly fishing clothing and in the subject line I put,
"Flying fishing clothing sale today" or something like that. It just really helps you from making that mistake and then going, "Oh, what did I do? Oh no."

Friends can also be great at telling you what's good about your writing and encouraging, bringing those themes out. I just wrote an essay about Dr. Who. My editor came back to me, and she was like, "You know, you've been doing too much recapping. Cut this, cut this, cut this." I was kind of sitting there like, oh my gosh, wilting flower. I don't want to kill my babies. But what my editor was great about was she said, "You know, I really love what you're doing here and here and here. Let's bring that out." So at the end of the day, I had to do a super bunch of editing, but it helped me to know what the best things were out of that piece too. So criticism is both a negative and a positive.

Getting a little more into the technical, a lot of you out there are like, "How can I be better with my grammar?" I get a lot of questions from people at SEOmoz about grammar things, like, "Should I put a comma here? What the hay. Where do I go? How can I improve my grammar stuff?"

The first thing, which I suggest, is looking at what's called active versus passive voice. Active means exactly what you all know the word means. Active means that you're out and about. Your language is springy versus passive it's just kind of in the corner. It's like the wallflower at the party. You don't really care.

So, for instance, if you had the sentence, "The dog was jumping on the bed." You're dog is bad. Your dog is jumping on your bed. But it's just kind of boring. If you're like, "The dog jumps on the bed," it's much more active. It tells you what the dog is doing. It brings that sentence to life. Often it's just a simple switch of moving what you're talking about at the end to the beginning.

You can look up more about active versus passive voice online. It's known to be verbs are passive.

The next thing you want to do is look at your sentence lengths. You want to vary them. A lot of people get really long winded when they're writing because they're trying to cram everything in. You get these super long sentences that are all the way to the ground. If you just step back and look and be like, "Oh, I can put periods here. I can shorten it." You can have a short sentence and a long sentence. It's a littlie advanced, but it will make your writing much more snappy and sound like people actually converse.

For those of you who are really, really advanced in your grammar, here's my last tip. Learn to diagram sentences. I'm sure my 7th and 8th grade English teachers are very happy that I'm recommending this to you. But if you really want to know grammar and if you really struggle with it, learn how to diagram sentences so you can identify the subject of your sentence, the verb of your sentence the object, and any sort of clauses or anything. Then you can figure out, if people come to you and say like, "You always have run-on sentences, you always have incomplete sentences," these are the type of things that if you can identify the parts of the sentence, you can say,
"Oh, I know exactly why this sentence isn't working. Or I know why it's not communicating clearly to my audience." But that's just your advanced homework.

So I hope that all of you will learn these magical tips and transform your writing. You can now go from just an ordinary SEO to something more magical."

Video transcription by Speechpad.com


Sign up for The Moz Top 10, a semimonthly mailer updating you on the top ten hottest pieces of SEO news, tips, and rad links uncovered by the Moz team. Think of it as your exclusive digest of stuff you don't have time to hunt down but want to read!

Introducing New Followerwonk Engagement Metrics for Twitter

Posted: 20 Dec 2012 02:46 AM PST

Posted by @petebray

At Followerwonk, we're all about helping our customers find, engage, and optimize their Twitter audience. We're relentlessly focused on letting you dig into your followers, do advanced searches to help plumb the depths of Twitter, track your social graph, and more.

We're excited for you to explore some of the new metrics we've rolled out today! This new data goes beyond "simple" (yet useful!) items like follower count, friend count, and so on (things that are easily available for our app to process). Our new metrics require us to deeply crawl Twitter users' timelines (that is, their actual tweets and retweets). With this, we're able to surface data that offers new ways for you to better understand your audience, competitors, and prospects.
 
So, without further ado, let's go to the screenshot...
 
 
As you can see, we now tell you an overall engagement percentage for users. Essentially, this tells you how much that user interacts with others on Twitter. For example, users with 82% engagement means that 82% of sampled items from their timeline are @mentions or retweets of other people.
 
Indeed, this engagement metric is composed of two underlying scores that we also surface for you. @Contact is the percentage of a user's timeline that consists of tweets that directly mention another person (you know, a tweet that begins with @name). And Retweets is the percentage of retweets in their timeline.

Finally, in the Tweets with URLs metric, we'll tell you how often their tweets contain links.
 
There are a lot of different actionable strategies you can use this data for, and I want to walk you through a few different scenarios that'll also show you where we're surfacing this data right now. (We plan for more exhaustive ways to bubble this data up to you in the new year.)
 
A few caveats before I begin: this data is "expensive." It requires a lot of API calls, storage, and analysis. As such, we currently only provide these metrics on select Twitter users: namely, those with more than 2,500 followers and, of course, all our Pro members' Twitter accounts. (We do plan to continually expand these metrics to more and more of the Twittersphere.) We also feel that this data is valuable, and so it's exclusively available to PRO users. (If you aren't already a subscriber, this might be just the reason to bring you into the fold!)
 
Listeners vs Broadcasters
 
The bottom-line is that you ideally want to find people who will be receptive to @mentions, and who, if they follow you, are consuming your tweets. There's nothing necessarily wrong with "broadcasters" (those who never engage, and simply tweet URLs and observations). In fact, these accounts are often extremely popular simply because they've honed a particular message strategy that works for them.
 
But the real gold in terms of social media is to find an audience who listens to you: that is, they're likely to engage with you, consume your tweets, and retweet your message to their audience. Ultimately, the real sweet spot is to find this receptive audience among highly influential users (those who, when they retweet you, echo your message far and wide).
 
 
With this in mind, we can use Followerwonk's bio search to search for users with, say, "SEO" in their bio. The results come back sorted by follower count (a good proxy for influence, but we can also order by influence), and we can then rollover each user to find their engagement rate to better understand their likelihood of returning an @mention of them.
 
 
By looking at the percentage of their tweets that contain URLs, we can also find those accounts that may have limited value (and who may be spammers).
 
 
Finding your most receptive followers
 
Of course, while trawling through random Twitter users may be useful, it is perhaps less productive than digging into who follows you right now. There are several ways to do that. For example, in the advanced search options in bio search, you can limit results to just your followers. This will let you search for "SEO" users among only those who follow  you.
 
Of course, we already have special features to more capably examine all of your followers. That's the Analyze feature.
 
And we've now included a few new graphs that surface these new metrics for you.
 
 
Here, examining @followerwonk's followers, we can view a breakdown of our followers by their engagement. You can run these reports for your own account (or on competitors, friends, customers, and so on). That way, you can click on any of the segments and receive overlays of users in that segment. And, on mouseover, we tell you more details on their engagement:
 
 
Of course, you're not limited to this interface. Click the download button and you'll have an Excel (or CSV) report of all of your followers on your desktop in minutes. With that, you can do all sorts of goodness.
 
 
Here, I can sort this data to find all those users who tweet 100% URLs. This is a strong spam signal (but not always, of course). There's some thinking that followers of yours who are "spammy" might decrease your overall influence or network reach. In some ways, this is similar to incoming links to your Web site from "bad neighborhood" sites. What to do? Here's where you can possibly optimize your followers (admit you thought that was a strange expression when I said it above!). Use these spreadsheets to assemble a list of possible spam accounts, do further diligence on them (looking at their actual tweets, for example), and consider forcing them to unfollow you. How? Block 'em.
 
Finding a competitive sweet spot
 
Let's say you're an startup soda company. (Is there such a thing anymore?)
 
You want to aggressively court those customers who are going to really take your message of corn syrupy goodness far and wide. Here's how you can use Followerwonk to help. In this example, we're analyzing 3 of the big boys among soda companies:
 
 
Note that we can compare these companies' engagement. This helps us plan our social media strategy: it might be useful to match their engagement level  Or, maybe not: you might want to run a bit of a contrary course.
 
Since we've done a deep analysis of these accounts social graphs, we can dig deeper:
 
 
You can probably assume that those people who follow all 3 of these soda companies are serious soda-heads. (Is that a thing?) A quick click, and we have another overlay of these users, and a mouseover will tell us all about them, in terms of those most likely to be receptive to our great new soda.
 
And, yes, you can download these reports into Excel/CSV, too.
 
Laying the groundwork
 
As I mentioned, we're expanding these stats across a wider swath of Twitter users, and we're working on other ways to surface them to you.
 
These new engagement stats are the start of a lot of great new features we have in store for you. In fact, the reason we have these metrics at all is because we need them for something even cooler! You'll just have to wait and see what we've got in store for you...
 
Meanwhile, please do let us know what you think. Don't forget to find me on Twitter and say hello!

Sign up for The Moz Top 10, a semimonthly mailer updating you on the top ten hottest pieces of SEO news, tips, and rad links uncovered by the Moz team. Think of it as your exclusive digest of stuff you don't have time to hunt down but want to read!

Seth's Blog : What you waiting for?

 

What you waiting for?

I'm not asking in the usual hectoring, pushing sense of asking you to hurry up and get started.

I'm genuinely, rhetorically curious. What, exactly, are you insisting will happen before you start shipping your art?

Write it down. Write down what has to happen before you can make and ship your ruckus.

Being clear about what you're waiting for makes it far more likely that your art will happen and far less likely that you're merely stalling.



More Recent Articles

[You're getting this note because you subscribed to Seth Godin's blog.]

Don't want to get this email anymore? Click the link below to unsubscribe.




Your requested content delivery powered by FeedBlitz, LLC, 9 Thoreau Way, Sudbury, MA 01776, USA. +1.978.776.9498

 

joi, 20 decembrie 2012

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Boehner Scraps Fiscal Cliff Plan "B", Futures Plunge; Why the Surprise?

Posted: 20 Dec 2012 06:06 PM PST

Lacking Republican support, House speaker John Boehner scraps Fiscal Cliff Plan "B", not that it ever had a chance in the first place.

Representative Rob Bishop of Utah says "The odds go up that we go over the fiscal cliff".

S&P Futures



S&P futures are fluctuating around -20 points or so, but are up 30 points from the initial massive reaction.

Boehner Scraps Fiscal Cliff Plan "B"

Please consider House Scraps Vote on Boehner's Tax Plan Lacking Support

House Republican leaders canceled a planned vote tonight on Speaker John Boehner's plan to allow higher tax rates for annual income above $1 million amid stalled budget talks.

"The House did not take up the tax measure today because it did not have sufficient support from our members to pass," Boehner, an Ohio Republican, said in a statement. "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Harry Reid, a Nevada Democrat, is Senate majority leader.

Boehner said he will call President Barack Obama, said Representative Steven LaTourette of Ohio. A House leadership announcement said the chamber will hold no more votes until after the Christmas holiday and will return "when needed."

"The odds go up that we go over the fiscal cliff," said Representative Rob Bishop of Utah, a Republican. Texas Republican Joe Barton said, "It was just too big a hill to climb."
Why the Surprise?

Does anyone find the cancellation of the vote a surprise? If so, why?

As I have pointed out for days, "Plan B" had no chance of passing the Senate, so it made no difference even if it passed the House.

Here is a clip from a post I did on Tuesday titled Boehner Floats Fiscal Cliff "Plan B".

Significant Differences

  • There is a huge gap between $400,000 and $1,000,000 on tax hikes.
  • There is a huge gap between $400 billion and a $trillion on entitlement cuts.
  • Boehner wants a debt-ceiling deal to include spending cuts for every dollar upped.

Nothing has changed since Tuesday, at any point. Yet, for some reason the market seems surprised by all of this.

For the conspiratorial folks, this is a Wall Street staged event to get Congress to do what it wants.

Regardless, assuming the futures hold, this may be one of the biggest "bull traps" in history.

Nothing would surprise me at the moment, including a "green" open tomorrow morning or a gap down that takes out the low on the overnight futures at 1391, nearly a 60 point plunge from Thursday's close.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Euroskepticism on Rise in New EU Members

Posted: 20 Dec 2012 10:51 AM PST

The Financial Times reports Newest EU members go cooler on euro.
The enthusiasm for the euro is cooling among the EU's newest members in eastern Europe, as Latvia's prime minister warned that his citizens are turning against the single currency.

Valdis Dombrovskis, who led one of Europe's toughest austerity programmes in part to keep Latvia's euro membership hopes alive, says he faces a struggle to get the Baltic republic into the single currency by the 2014 target.

"Five years ago before the eurozone crisis everyone wanted to enter the euro, but we weren't economically ready. Now that we are ready to enter, many have become sceptical," said the centre-right leader.

Bulgaria, which like the Baltic states has pegged its currency to the euro for a decade and is one of only three EU countries that currently meet the Maastricht entry criteria in full, has recently made clear it has no short-term plans to move towards membership.

Boyko Borisov, prime minister, told the FT recently his government had no plans to join until the eurozone crisis was over. The EU's poorest country should not have to help fund bailouts of richer states, he said.

"I think for the time being it would be unfair to join the eurozone and to support countries where pensions are higher than the pensions of our people," he said. "How can we tell Bulgarians, we will take from your pensions in order to pay pensioners in Greece, Spain or Italy?"

In Poland, public opposition to euro adoption has edged up slightly as the eurozone crisis has deepened, with a new opinion poll sponsored by the finance ministry finding 56 per cent of Poles were against joining, up 3 percentage points from a last year.

Petr Necas, the [Czech] premier, has said that his country will not join during this government, whose mandate expires in 2014, and not until 2020 at the earliest, subject to approval by a referendum.

Vaclav Klaus, the eurosceptic Czech president, has called the European Stability Mechanism "a monstrous and outrageous thing" and said this month he would not sign the EU treaty amendment creating the eurozone rescue fund.
Why any country would consider joining the eurozone now is beyond me. Yet, in spite of the fact that 56% of Polish citizens are against the idea, the Polish government intends to ram this mess down their throats anyway.

The Czech president has the right idea, that the ESM is a "monstrous and outrageous thing". Moreover, nannycrat agreements like the ESM are bound to get worse as the Spanish, Italian, and French economies implode.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

France Faces Growing Pension Deficit; French Youth Lose Hope; Politicians in Denial; Bond Market Patience Can't Last

Posted: 20 Dec 2012 01:06 AM PST

With sovereign debt yields in most of Europe stabilizing, and the euro on the rise vs. the US dollar there is a growing sense of complacency in the eurozone. Such complacency is not warranted.

I sense another storm in Southern Europe and huge problems ahead for the core of Europe, including Germany and France. The focus of this article is France.

Young French Losing Hope as Prospects Fade

French president Francois Hollande has not delivered on his promise to create jobs so Young French Lose Hope as Prospects Fade.
Youth unemployment in France has been high for some time, but it has now climbed to 26 percent. For decades, regardless of their political affiliation, lawmakers have been promising to create a better situation for young people. But exactly the opposite has happened. Labor laws protect those who already enjoy steady jobs, while the economic crisis and recession have limited the number of new jobs created. Meanwhile, housing has become both scarcer and pricier.

Some 23 percent of the country's 18- to 24-year-olds live in poverty, according to a study by the National Institute for Youth and Community Education (INJEP). These are mainly high school or university dropouts who have little to no access to health care and limited chances of improving their situations.
Such is the folly of Hollande's Economically Insane Proposal: "Make Layoffs So Expensive For Companies That It's Not Worth It". If companies cannot fire workers, they will not hire them in the first place.

Coupled with foolish tax hikes on businesses and consumers alike, rising unemployment should be expected, and that's exactly what has happened. Businesses are upset, as well they should be, yet the politicians have not gotten the message that they are the problem.

Last week, Arnaud Montebourg, the French minister of industrial renewal, threatened steel giant ArcelorMittal, with "temporary nationalization" if Mittal shut down two furnaces, eliminating 630 people. Mittal employs 20,000.

Montebourg's inane proposal sent shock waves all the way up to the president's office.

French in Denial as Crisis Deepens

Spiegel reports French in Denial as Crisis Deepens
In the midst of the economic crisis, France's Socialists are denying reality. The minister of industrial renewal is calling for nationalization of some industries, while the president shies away from necessary structural reforms. Business leaders fear the clock has been turned back 30 years.

France's business leaders felt as if they had been set back 30 years, to a time when the first Socialist president of the Fifth Republic, François Mitterrand, began his term with a wave of nationalizations and, after two years, was forced to reverse his policy. Some even drew a comparison with 1945, when the government nationalized automaker Renault after accusing it of having collaborated with the enemy. Wasn't Montebourg, who had always been an eloquent preacher of deglobalization, dividing business owners into different camps, good and evil, patriotic and unpatriotic?

"Has the government forgotten that nationalization means expropriation?" asked Laurence Parisot, the appalled head of MEDEF, the employers' union.

The liberal economist Nicolas Baverez, who predicted "France's downfall" 10 years ago and has just written a book titled "Réveillez-Vous" ("Wake Up"), saw the wrangling over Florange as proof that the French left still hasn't accepted globalization, and acts as if the country were an economic and cultural preserve. "The idea of nationalization sends an ominous message to all investors," Baverez said.

Even Finance Minister Pierre Moscovici carefully distanced himself from Montebourg, saying: "Our policy differs from the past experiences of leftists in power."

But the workers at the Florange site and their unions were thrilled with Montebourg's threat. According to a snap poll, a majority of the French people and, in particular, leftist voters, appreciate such showdowns with the patrons, or business owners. It's no accident that France's young people see working in the public sector as the ideal professional career. The government promises protection and security.

A Plethora of Public Servants

"Whenever a new problem popped up in the last 25 years, our country reacted by increasing spending," says banker Michel Pébereau.

Public sector spending now accounts for almost 57 percent of GDP, more than in Sweden or Germany. For every 1,000 residents, there are 90 public servants (compared with only about 50 in Germany). The public sector employs 22 percent of all workers.

La douce France
is a sleepy country of bureaucrats and government officials who want their peace and quiet. But the bad news is beginning to pile up for Hollande.

There are many indications that time is running out for Hollande, that Prime Minister Ayrault's days could already be numbered, and that the valiant knight Montebourg, who had initially aspired to be Ayrault's successor, is more likely waging a tragic battle against the windmills of globalization.
France Faces Growing Pension Deficit

On top of a growing unemployment problem, a growing deficit problem, and a bloated
public sector France Faces Growing Pension Deficit.
France's national pension system is sliding deeper into deficit despite bitterly contested reforms pushed through by Nicolas Sarkozy, former president, adding to the tough economic challenges facing François Hollande's socialist government.

An official report published on Wednesday forecast the pension system deficit would rise to €18.8bn in 2017 from €14bn last year and would be likely to exceed €20bn in 2020. The annual cost of pension payments has risen to 14 per cent of gross domestic product.

The issue is a big headache for the government, already battling to reduce public debt rising above 90 per cent of GDP. It has run into strong opposition from business over its hefty increases in taxes and has yet to detail where the burden will fall from €60bn of spending curbs planned over the next five years.

Mr Hollande's Socialist party opposed reforms enacted by Mr Sarkozy's right-of-centre government in 2010 which raised the minimum retirement age to 62 from 60. Although relatively modest by the standard of reforms in other European countries, they provoked weeks of mass street protests led by trade unions

The scenarios set out by COR, the pensions' council, showed that unemployment would have to be more than halved from its present level to 4.5 per cent and productivity growth increased to 1.8 per cent to bring the pension system back into surplus by 2060; if unemployment averaged 7 per cent and productivity growth 1.3 per cent, the deficit would widen to more than €60bn in the same period.
Bond Market Patience Can't Last

How long the bond market puts up with these problems is unknown, but it will not be forever. Indeed, I doubt bond market complacency with France lasts another year.

In the meantime, the odds of France doing something to address these problems is roughly zero percent. If anything, Hollande has shown a marked propensity to send France into reverse.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

"Wine Country" Economic Conference Hosted By Mish
Click on Image to Learn More