Central Perk: 5 nov. 2015

joi, 5 noiembrie 2015

Mish's Global Economic Trend Analysis

Merkel Reaffirms "Refugees Welcome" Policy Over Her Own Party's Objections

Posted: 05 Nov 2015 08:32 PM PST

German chancellor Angela Merkel seems bound and determined to go out in flames due to her open arms welcoming of refugees. Earlier today Merkel Rejected German Plan for Refugee Transit Zones.

Chancellor Merkel has rejected controversial plans for special transit zones for processing refugees on Germany's frontiers, defeating members of her own party who had called for tougher controls on asylum seekers.

After weeks of tense negotiations within the ruling coalition, in which rightwing MPs even raised the possibility of building barriers on Germany's borders, Ms Merkel's government has opted instead for more modest proposals for locating the new facilities inside Germany.

The deal is a victory for Ms Merkel's SPD social democratic coalition partners who opposed transit zones, condemning them as "uncontrollable detention zones".

Ms Merkel emerges from the tussle with her "refugees welcome" policy broadly intact and her grip on the CDU-CSU alliance maintained, despite the strains between its left and right wings.

The campaign for a tougher response to Europe's refugee crisis was led by Horst Seehofer, the CSU leader and Bavarian premier, who has hit out at Austria in recent weeks over a "lack of co-ordination" on the border with Germany.

Refugees arriving in Germany will be filtered at the border under the new agreement. Those with strong claims to asylum, notably Syrians fleeing civil war, will be permitted, as now, to travel to a wide range of reception centres across the country.

The agreement came as the latest figures showed 758,000 refugees had been registered in Germany so far this year, fuelling renewed concern for the country's capacity to cope.

With 181,000 arriving last month alone, the government's 800,000 estimate for 2015 looks increasingly out-of-date, but ministers are refusing to raise the figure for fear of sending a signal to would-be migrants than Germany is opening its doors wider.

"Refugees Welcome"

Bear in mind the "transit zone" proposal was doomed to failure because it was far too weak to accomplish much good. But at least it was better that hanging out a "Refugees Welcome" sign complete with vouchers for free food and shelter.

And note the ridiculous hope of not raising refugee estimates for fear that telling the truth would "send a signal".

Refugees got all the "signal" they need from Merkel's inept policy.

Mike "Mish" Shedlock

Seth's Blog : Should we pander?

Should we pander?

In a race to go faster, cheaper and wider, it's tempting to strip away elegance, ornamentation or subtlety. If you want to reach more people, aim for average.

The market, given a choice, often picks something that's short-term, shoddy, inane, obvious, cheap, a quick thrill. Given the choice, the market almost never votes for the building, the monument or the civic development it ends up being so proud of a generation later. Think about it: the best way to write an instant bestseller is to aim low.

The race to popular belies the fact that our beloved classics were yesterday's elitist/obscure follies.

Bob Dylan, Star Trek and the Twilight Zone vs. The Monkees, The Beverly Hillbillies and Gilligan's Island.

Zaha Hadid and Maya Lin vs. Robert Moses.

A Confederacy of Dunces vs. Valley of the Dolls.

No one watches Ed Sullivan reruns (except for one, the exception that proves that rule).

It's our choice. The ones who create, the ones who instigate, the ones who respond to what's been built. It's up to us to raise the bar—pandering is a waste of what's possible.

Sometimes it seems like winner-take-all capitalism is pushing us ever harder to play it dumb. That makes it even more important that we resist.