Socialism! for the people…
Buildings and cars were torched overnight as youths and police clashed in the northern French city of Amiens, say officials and police.
…In 2005, the deaths of two teenagers sparked weeks of looting and car-burning in housing estates across France.
It sparked an debate about deprivation and social exclusion, but many analysts say little has changed for France’s marginalised youth, many of North African origin.
…16 officers injured and several public buildings torched in some of the worst rioting in the area for years – reopening the fraught political debate about France’s troubled housing estates. [what we call "projects"]
…There had been unrest among youths on housing estates in Amiens-Nord earlier this month and again on Sunday night, apparently sparked by tensions over spot checks by police on residents.
During a night of disturbances, rioters set fire to a number of vehicles, in some cases hauling the drivers out of their cars before burning them…
Gutted buildings, including a nursery school, and burnt out cars were still smoldering early today, though the streets were otherwise calm. No-one has been arrested so far.
Wow. How’d that happen?
Tensions remain high in many French suburbs, where poor job prospects, racial discrimination, a widespread sense of alienation from mainstream society and perceived hostile policing have periodically touched off violence.
…The repeat bouts of violence have provoked agonized debate over the state of the grim housing estates that ring many French cities and the integration of millions of poor whites, blacks and North African immigrants into mainstream society.
What about those who don’t want to be integrated? Who want to keep their heritage and cuuuulture? Isn’t that the Diveeeersity Model?
Aziz Senni …raised in the decaying tower blocks of Val-Fourre, Europe’s largest council estate, in the suburb of Mantes-la-Jolie just west of Paris.
“The first few years I had no social life and worked like crazy because I felt I had something to prove,” he said.
“At school teachers never told us that we could own our own companies, or become businessmen.”
…Aziz has also written a memoir of his struggle to reach the top – The Social Elevator Is Broken… So I Took the Stairs.
…”Of course it is tough for young people from the suburbs but it’s no good sitting around waiting for someone to fix the elevator.
“We can’t rely on the state to help us – we need to take the stairs.”
well… it’s a start.
Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar’s structure isn’t in doubt.
Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.