Wednesday, February 2, 2011
A day in the death camp
Tuesday, April 7, 2009
Moldovans riot against 'fraudulent' elections
What is happening in Moldova now has resonances of what happened in neighbouring Ukraine five years ago. I happened to be based in Kiev at the time and got a call from Sky News Ireland to do a live piece to camera. I was told to look for a white satellite truck on the main square, where a Polish TV crew would sort me out. Halfway to the Maidan (man square) in Kiev I realised I'd left the Polish mobile number back at the flat, but carried on as I was going to be breaking my live TV cherry and I wanted to be fresh.So I get to the main square, where about half a million people are packed in listening to president-to-be Yushchenko and PM-to-be Timoshenko on stage. Noise deafening, crowds gridlocked, and at least a dozen white satellite vans. None of which were Polish. I racked and racked my brains and suddenly it came to me: the 12-digit number I'd been given earlier that day, and had not committed, consciously to memory.
After half an hour of fruitless ringing an engaged number, and knocking on doors of Turkish, Spanish and many other TV crews I decided the only thing for it, on the cold evening, was to give up and head to O'Briens pub (where we had our wedding reception a year or so later) for a hot half one.
I pressed "redial" one more time and a little Polish voice answered.
"Do you speak English?"
"No, no, only polski".
Somehow we communicated in bits of Russian and English and he told me he was under the main screen. At the front of the square, heavily guarded, was the stage, with massive TV screens on either side. Waving my diplomatic card I pushed through security and found myself standing under Yushchenko's feet. My phone rings. My Polish friend. And he's shouting "Rainsford Rainsford" And I see it... across the square, through a throng of thousands, an advertising screen, with the word Rainsford under it.
Against the tide I pushed and squeezed and finally wriggled up a snowy slope, strangers hands pushing my arse and him reaching down and pulling me up. "Joe Lowry?" "Yes yes, that's me". "OK, put in ear". The wire is put in my ear and I hear a whirr of white noise and then a calm South Dublin accent. "Joe Lowry? You're on in 5-4-3-2-1...."
And I was so pumped, so up for it, so busting with adrenaline that I got through my first live TV spot without an "aaah" or an "uuuuh" or a "welllllll". Job done I hugged the little bearded Pole, thanked him for taking my virginity and high-tailed it through the melee to O'Briens, where I started to shake with the unspent adrenaline pooled in my blood. But the whisky stopped the shakes and started the songs. Quite a night was had, if I remember aright.But back to Moldova. Here's hoping there's no bloodshed, and the result will be fair and transparent. The country has too many woes, too much bad stuff happening. Let this lovely little corner of Europe be spared violence.
Joe Lowry is our man in Moldova
Sunday, April 5, 2009
Still living with the fall out
Four times I’ve stood next to “it”, the remains of Reactor number 4, which exploded with the force of a hundred Hiroshimas 23 years ago this month. Last week I was rattling the collection box/banging the drum for the Red Cross Chernobyl programmes (yes, there are still many needs) when I found myself saying that Chernobyl is an icon, the explosion (or the first cognizance of it) a generation-defining moment, like the Kennedy assassination for my older pals, or 9-11 for my younger ones.

The fact is, 23 years ago hundreds of tons of radioactive material was spewed into the atmosphere (I tried to write “puked”, and “vomited” but it looks too gross. “wet-farted” would be le mot juste, but let it be spewed).
Radioactive iodine, with its half-life of eight days, did it’s work and then literally faded away. In those eight days, millions of thyroid glands in the affected region – no one knows exactly how big that region is, but we work across half of Belarus, much of west Ukraine, and the bordering region in Russia, covering seven million people – sucked in an invisible time bomb.
Years went by and then the thyroid woke up, and started doing thyroidy things, like announcing puberty. And then the radioactivity ingested (sucked, gobbled, imposed) in the week beginning 26 April 1986 did its thing and started to show up as nodules and cancers.
Now, 19 years after we started screening, using mobile labs that can boldly go where no other endocrinologist goes, we are finding 200 cancers a year (that’s one every day the teams go out to work) and the science suggests we are entering a peak. If one case of cancer a day doesn’t sound like much, consider this: there were NO thyroid cancer specialists in the region before 1986 and thyroid cancer was rare as rocking-horse droppings. It was almost never seen in young people – now it’s cutting a scourge through a cohort aged from 23 to 60.
Now, can someone explain to me how nuclear weapons – clean or dirty - can be developed without nuclear power as we currently know it?
Thursday, March 12, 2009
A chill wind blows Eastward
The photo (left) I borrowed from another blog. It depicts the Ukranian national currency, the hryvna, plummeting, amid a run on banks and soaring demand for foreign exchange.
Back in the heart of Europe, I am still reeling a bit from the economic doom and gloom that is all pervasive Stateside. I am haunted by all those sincere Americans who warned with certainty that Europeans had not fully woken up to the extent of the global financial crisis. It could be that the indulgent and reckless excesses of the US financial system are clear and solid indicators of the tough times ahead, but is there as much known or understood or shared at the European level about similar reckless behavior.
A number of leading European banks, mainly from Switzerland, Sweden, Greece, Belgium, Italy and Austria are dangerously exposed to the faltering economies of central and eastern Europe. Austria for instance is owed a whopping euro 230 billion by ex-Soviet bloc banks; that amounts to 70% of its GDP.
Stephen Jen, currency chief at Morgan Stanley, said Eastern Europe has borrowed $1.7 trillion abroad, much on short-term maturities. It must repay – or roll over – $400bn this year, equal to a third of the region's GDP. Hardly an option now that the credit window has slammed shut.
In Poland, 60pc of mortgages are in Swiss francs. The zloty has just halved against the franc. Hungary, the Balkans, the Baltics, and Ukraine are all suffering variants of this story. Foreign production has all but ceased in Romania and Bulgaria and industrial production as ceased in the Czech Republic. As an act of collective folly – by lenders and borrowers – it matches America's sub-prime debacle except that European banks are on the hook for both and US banks are not.
Almost all East bloc debts are owed to West Europe, especially Austrian, Swedish, Greek, Italian, and Belgian banks. In total, Europeans account for an astonishing 74pc of the entire $4.9 trillion portfolio of loans to emerging markets. They are five times more exposed to this latest bust than American or Japanese banks, and they are 50pc more leveraged (IMF data).
Spain is up to its neck in Latin America, which has belatedly joined the slump (Mexico's car output fell 51pc in January, and Brazil lost 650,000 jobs in one month). Britain and Switzerland are both heavily indebted in Asia.
"There are accidents waiting to happen across the region, but the EU institutions don't have any framework for dealing with this. The day they decide not to save one of these countries will be the trigger for a massive crisis with contagion spreading into the EU" according to Lars Christensen, at Danske Bank
The sums needed are beyond the limits of the IMF, which has already bailed out Hungary, Ukraine, Latvia, Belarus, Iceland, and Pakistan – and Turkey next – and is fast exhausting its own $200bn (€155bn) reserve. We are nearing the point where the IMF may have to print money for the world, using arcane powers to issue Special Drawing Rights.
And meanwhile, Ukraine's travails appear to be snowballing out of control after the central bank said the economy contracted 20pc in January year-on-year, with a dramatic 34pc slide in industrial production. Valery Lytvytsky, the bank's top adviser, said the collapse is the worst in recorded Ukrainian history, exceeding the darkest days after the Bolshevik revolution.
The currency has fallen 40pc since the crisis began, a crippling blow to companies with large debts in dollars or euros. Three banks have failed.
So we watch and wait as the lethal brush fires move closer.
Much of this article is based on reports from the telegraph, the Guardian's economic editor, Larry Elliot and from oil economist F William Engdahl.
/PC





