21-02-2005 13:27									#1
	Socialist landslide in Portugal! Support Apolyton, pre-order Civilization IV

Just when you think it's all bad news!

quote: Socialists win landslide in Portugal Last Updated Sun, 20 Feb 2005 21:53:57 EST CBC News LISBON - Portuguese voters have handed a landslide victory to the Socialist Party, giving it an overall majority in the legislature for the first time. The centre-left Socialists won 120 of the 230 seats in Sunday's election, as the electorate punished the government for failing to end an economic slump that has seen the highest unemployment rate in seven years. Socialist Party supporters celebrate in Portugal. The party won 120 of 230 seats. The majority victory will let Socialist Leader Jose Socrates push through potentially controversial economic reforms. "Portugal today has a new parliamentary majority and new hope," said Socrates, who takes office next month. A former environment minister, he has said he wants to "change direction" through economic reforms, focusing on education and technological innovation. He also wants to coordinate the country's foreign policy more closely with other European Union nations. The Social Democratic Party, which has governed in a right-of-centre coalition since 2002, saw its worst showing in more than 25 years, capturing only 72 seats. "A political cycle has ended here today," said Pedro Santana Lopes, the outgoing prime minister who was ousted after only seven months in office. Nearly two-thirds of the country's 8.8 million registered voters – 65 per cent – turned out. President Jorge Sampaio, a Socialist Party member, dissolved parliament in December when it still had 18 months to run in its mandate, citing government instability and a failure to tackle Portugal's problems. Conservative politicians had been in power for three years, but had not been able to deal with unemployment rates stalled at more than 7 per cent and slow economic growth. The coalition, led by Lopes since July, has portrayed itself as a victim of partisanship on the part of the president. Lopes resigned in December.

	21-02-2005 13:28									#2
	Support Apolyton, buy Alpha Centauri

the whole iberian peninisula is socialist now.

	21-02-2005 13:34									#3
	Support Apolyton, buy Galactic Civilizations

quote: Originally posted by Lawrence of Arabia the whole iberian peninisula is socialist now.

Spain is only "socialist" thanks to ibn Ladin.

	21-02-2005 13:36									#4
	Support Apolyton, buy Civilization 2

Good

Now, let's hope they're actually at least a bit left of the center, unlike the Spanish "socialists"

	21-02-2005 13:48									#5
	Full PM-box? Change here!

Today Portugal, tomorrow who knows.

	21-02-2005 15:25									#6
	Avatar Enlargement: We've got the solution

How did the stock markets of Portugal react to this ?

	21-02-2005 15:27									#7
	Support Apolyton, buy GURPS/ Alpha Centauri

quote: How did the stock markets of Portugal react to this ?

I hope it went down. Nothing smells better than a skinned and roasted member of the investor class.

Down with the pigs.

	21-02-2005 15:30									#8
	Support Apolyton, buy Call to Power 2

Socrates

	21-02-2005 15:37									#9
	Support Apolyton, buy GURPS/ Alpha Centauri

Ancient Greek paedophiles.

	21-02-2005 15:45									#10
	Help yourself to an AD-FREE life

quote: Originally posted by Heresson Spain is only "socialist" thanks to ibn Ladin.

Oh.

How many times did he vote in the Spanish election?

	21-02-2005 15:55									#11
	Support Apolyton, buy Civilization 2

quote: Originally posted by aneeshm How did the stock markets of Portugal react to this ?

I expect it to have gone down. I can't recall any time when the stock market went up immediately after a switch in power (whether to the right or the left). The stock market likes stability and continuity. When the continuity is broken, the investors generally remain cautious until the new government licks their boots.

	21-02-2005 16:42									#12
	Help yourself to an AD-FREE life

quote: Originally posted by Spiffor Good Now, let's hope they're actually at least a bit left of the center, unlike the Spanish "socialists"

Those Spanish "socialists" sound a bit like Blair the "socialist"

	21-02-2005 16:43									#13
	Full PM-box? Change here!

Besides, down with stock markets, what kind of means of running the welfare of a planet are they anyway?

	21-02-2005 17:12									#14
	Increase Your PM Length

I posted the question because the Indian stock market crashed after an anti-reform government came in . Of course , seeing that it was the small investor who was hit , the anti-reform government selected a pro-reform prime minister and finance minister . That did the job .

After that , the markets recovered , and are running at a historic high ( one never reached before in Indian history ) . And the next budget is expected to open up the economy and loosen controls and lower taxes even further , so I can expect it to rise even higher .

Looking as to the fact that it is the anti-production socialists who have got into power in there , I can expect the trend of the destruction of wealth to continue . My sympathies go out to the people who did not vote for extortionists .

	21-02-2005 17:26									#15
	Support Apolyton or Terrorists Win

quote: Originally posted by Provost Harrison Besides, down with stock markets, what kind of means of running the welfare of a planet are they anyway?

Vilnius, trailing 12 months

	21-02-2005 20:15									#17
	Remove this text

According to the Guardian:

"The Lisbon stock exchange reacted favourably to the election result in early trading today, with the market index up 0.3%."

http://www.guardian.co.uk/internati...1419302,00.html

To me 0.3% doesn't sound all that favourable, but I guess it's still an increase.

	21-02-2005 20:17									#18
	Lose 30 kilos (of popups)

quote: Originally posted by Clear Skies "The Lisbon stock exchange reacted favourably to the election result in early trading today, with the market index up 0.3%."

Damn, my hasty generalization has been proven wrong

	21-02-2005 20:20									#20
	Support Apolyton or Terrorists Win

quote: Originally posted by Heresson Spain is only "socialist" thanks to ibn Ladin.

No, you also forget the Conservative government lying its ass off to try and save face, blaming the ETA when it knew that Al Qaeda was behind the bombing.

	21-02-2005 20:38									#21
	Tired of ads?

quote: Originally posted by aneeshm Looking as to the fact that it is the anti-production socialists who have got into power in there , I can expect the trend of the destruction of wealth to continue . My sympathies go out to the people who did not vote for extortionists .

The wealth of the nation is not determined by the stock market. It could crash to zero and no wealth would be desroyed as long as the workers showed up in the morning.

	21-02-2005 20:52									#22
	Browse Apolyton AD-FREE

quote: Originally posted by Kidicious The wealth of the nation is not determined by the stock market. It could crash to zero and no wealth would be desroyed as long as the workers showed up in the morning.

You're just trolling, right? Wealth in money is real as far as human society is concerned, even if it's nothing more than electrons. Wealth isn't just things, it's also obligations, and all of those obligations would disppear if the stock market crashed to zero, and that's a hell of a lot of wealth.

	21-02-2005 20:55									#23
	Support Apolyton, buy Civilization 2

An obligation isn't wealth either. Wealth is goods and services and it's determined by labor.

	21-02-2005 20:56									#24
	Support Apolyton buy from Amazon

quote: Originally posted by Kidicious An obligation isn't wealth either. Wealth is goods and services and it's determined by labor.

That reminds me of the physiologists, who thought wealth was only created in the primary sector.

It also remind me of Soviet economists, who believed there was no wealth in the service sector

	21-02-2005 20:58									#25
	Support Apolyton, pre-order Civilization IV

quote: Originally posted by Kidicious An obligation isn't wealth either. Wealth is goods and services and it's determined by labor.

Money is a promisary note, i.e., you hold an obligation from society. Money is wealth in a money based society.

Consider a feudal lord. The more peasants he had, the waelthier he was. The same with a slave owner. They are owned all that potential work, and that makes them wealthy, even if they don't have tangible things yet.

	21-02-2005 21:04									#26
	Inflate your Upload Space

quote: Originally posted by chegitz guevara Money is a promisary note, i.e., you hold an obligation from society. Money is wealth in a money based society. Consider a feudal lord. The more peasants he had, the waelthier he was. The same with a slave owner. They are owned all that potential work, and that makes them wealthy, even if they don't have tangible things yet.

The wealth is the work. No weatlh is destroyed when the obligation is destroyed, because no work has been performed.

	21-02-2005 21:47									#27
	Support Apolyton

Then burn all of your money.

	21-02-2005 21:52									#28
	Support Apolyton

The total numbers below. Note the catastrophic loss for the right wing liberal PSD, from 102 seats to 72, and the massive increase for the radical left in BE. From 3 to 8 seats!

Resultados finais

Resultados finais das legislativas realizadas este domingo, comparados com os resultados de 2002:

2005

PS - 45,04% (120 deputados)

PSD - 28,70% (72 deputados)

CDU - 7,57% (14 deputados)

CDS-PP - 7,26% (12 deputados)

BE - 6,38% (8 deputados)

PCTP/MRPP - 0,84%

PND - 0,70%

PH - 0,30%

PNR - 0,16%

POUS - 0,10%

PDA - 0,03%

2002

PSD - 40,15% (102 deputados)

PS - 37,84% (95 deputados)

CDS-PP - 8,75% (14 deputados)

CDU - 6,97% (12 deputados)

BE - 2,75% (3 deputados)

PCTP/MRPP - 0,66%

MPT - 0,28%

PPM - 0,23%

PH - 0,21%

PNR - 0,07%

BE-UDP - 0,07%

POUS - 0,07%

ABSTENÇÃO

2005 - 35,05%

2002 - 37,7%

	21-02-2005 22:57									#29
	Browse Apolyton AD-FREE

Kidicious you crack me up man

	21-02-2005 23:19									#30
	Support Apolyton, buy Call to Power 2

quote: Originally posted by Saras Kidicious you crack me up man

If you really want a good laugh read The Wealth of Nations. Funny stuff man.