Egypt: Ten soldiers killed in Sinai suicide attack

At least ten Egyptian soldiers including a colonel were killed in a suicide bomb attack on an army checkpoint in northern Sinai, security sources said. Timothy Kaldas, a non-resident fellow at the Tahrir Institute for Middle East Policy, said there was a high likelihood that the attack would be claimed by Wilayat Sinai, a group affiliated with the Islamic State of Iraq and the Levant group.Source: Al Jazeera

Siberia pipeline to power China by 2019

Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, has signed in Moscow a Supplementary Agreement to the Sales and Purchase Agreement for Russian gas to be supplied via the eastern route, which had been inked by the parties on 21 May 2014. According to the Supplementary Agreement, gas supplies to China via the Power of Siberia gas pipeline will commence in December 2019.Source: Energy Global World Pipelines

Shale gas extraction in Poland: is there any hope left?

Ten years have passed since the first concession to search for shale gas was issued. There were several problems of technological, economic and legal nature, which prevented Poland from becoming potentate in extracting this resource. It may seem that Poland missed its chance. However, monitoring and using new methods of shale gas production together with legal framework implementation, which would encourage the investors, can mark a new chapter in history of the Polish gas industry.

Shale gas in Poland: from euphoria to disappointment
According to the data provided by the Ministry of Environment the first concession to search for shale gas was issued in 2007, and the first drilling took place three years later. In the peak moment in 2012 111 exploration concessions were in force.This year was also marked by the publication of the Polish Geological Institute, in which the deposits were estimated at 346-768bn cubic metres.In 2011 the Polish Prime Minister anticipated that the commercial production of shale gas will have begun after three years.According to the observers, for instance former Minister of Economy Janusz Steinhoff, thanks to shale gas extraction Poland would have an opportunity to become independent of its imports while causing the lowering of prices on the domestic market.

Yet, in 2015 foreign investors started to withdraw and Polish state companies PGNiG and PKN Orlen abandoned their projects last year. Continue reading

Banking crisis, private profits, socialized losses, again: the Italian chapter.

If you ever want an example of the crisis of credibility of liberalism today, just look at the banking sector. Ever since 2007, the liberal world has been bailing out banks with taxpayers money, leaving profits to shareholders. Adam Smith would say, let the markets handle it, let the markets get rid of inefficient banks. The modern liberal world says, keep the inefficiency going on, let it parasitically drain wealth from society.

What’s even more absurd is that bailouts are often managed by left leaning governments. Yes, the ones who claim they want to redistribute wealth from the rich to the poor have been doing the exact opposite, transferring wealth from the poor to the rich. With the fall of the Soviet Union, central economic planning was discredited, so socialists were forced to look elsewhere for an economic model: they shifted to the center, the so called “third way” of Tony Blair and Bill Clinton No more class struggle, but globalization and financialization became the mantra of the day. Bailouts complete the treason against the working class. Now that financialization is failing, they are desperately trying to keep the casino going. The hypocrisy is never ending: when the working class asks for government intervention against globalization, the “new Left” responds with mockery levelled at the ignorant common man, but when the financial world is calling for help, then government intervention is “necessary”. Continue reading

Why the Ius Soli in Italy smells like an attack on democracy

Controversies on the attempt by the ruling Democratic Party of Italy to change the citizenship law are firing up.

The proposed law would give the Italian citizenship to newborns whose at least one parent has been residing in Italy for 5 years. Adding to this, underage foreigns who have studied at least 5 years in Italy and completed a school cycle could also obtainain the citizenship. According to supporters, this law is a question of ‘’civility’’ and would help integration. Critics point out that many of the Islamic terrorists in Europe in the last few years have European citizenships and have studied in Europe, yet none of that made them loyal to the community listed on their identification documents and its values.

First of all, we tried to verify this last claim: from January 2015 until today there have been 13 attacks by Islamic terrorists in Europe, 30 perpetrators were identified, 20 had European citizenships and of them, 18 were from countries with a Ius Soli citizenship law (France, UK, Belgium, Sweden) while only 2 were from countries without it (Italy and Denmark). 60% of the Islamic terrorists in Europe comes from countries with a Ius Soli type of law. Alleged more ‘’civil’’ countries have instead signficantly bigger problems in terms of integration and cohestistance between different religions. Continue reading

The diaspora of young Italians

Guest Author: Daniel Moscardi

Michele Valentini was the perfect nobody from nowhere. Even in his sleepy little town of Tarcento, tucked away in the north-eastern corner of Italy not far from the Slovenian border, anyone hardly remembers him. Quiet and mild-mannered, thirty-years-old Michele was the kind of person you would not expect to do anything that would bring the spotlight on him.

But he did, last February. He took his own life, leaving behind a long letter to his parents in which he explains the reasons for his choice of saying farewell to a society which he could no longer bear to live in.

Michele Valentini’s malaise was the infectious disease common to millions of other young – and not so young – Italians: the inability – better, the impossibility – of landing a decent, steady job. It can be officially defined as quiet desperation.

The letter was a final, desperate j’accuse towards society in general and the current Italian government in particular, since Michele chose to end his letter with a sardonic remark specifically directed at the current Italian Minister of Labour and Social Policies Giuliano Poletti. Continue reading