Tag Archives: Italy

Famous gay fashion designers express opposition to gay marriage

This is reported by Breitbart News.

Excerpt:

Domenico Dolce and Stefano Gabbana, founders of the eponymous fashion house, have come out strongly against gay marriage, the notion of gay families, and the use of surrogacy to procreate.
The billionaire pair, who used to be romantically linked, gave an interview with the Italian magazine Panorama, in which they said, “The only family is the traditional one. No chemical offspring and rented uterus. Life has a natural flow; there are things that cannot be changed.”

They also said, “Procreation must be an act of love.”

“I call children of chemistry, synthetic children. Uteri for rent, semen chosen from a catalogue,” Dolce stated.

Gabanna said, “The family is not a fad. In it there is a supernatural sense of belonging.”

The pair have long been outspoken about gay marriage. In 2013, when the LondonTelegraph asked them if they had ever considered getting married, they answered, “What? Never!” Dolce said, “I’m a practicing Catholic.”

Gabbana told the Daily Mail in 2006, “I am opposed to the idea of a child growing up with two gay parents.”

LGBTNews in Italy is already calling for a boycott of Dolce and Gabbana.

It is not unusual for gay men in Europe to oppose gay marriage. In fact, a group of gay men in France, calling themselves Les Hommen, have been an ongoing feature of traditional marriage protests in France. Les Hommen invaded the French Open, stripped to the waist, with pro-marriage slogans written on their chests. Gay Star News suggested it was “the most homoerotic anti-gay protest ever.”

First Things has a quick review of their success story:

Domenico and Stefano were for years perhaps the globe’s most prominent gay power couple. In the tightly knit, family-based, quasi-aristocratic world of Italian fashion, these two men came from nowhere to make a name for themselves that the whole world would recognize. In a 2005 New Yorker article, John Seabrook marveled at their success:

Unlike the Guccis, Pradas, Puccis, Zegnas, Ferragamos, and Fendis, Dolce and Gabbana do not come from families with long pedigrees in the production and sale of luxury goods. . . . They began as outsiders, with their noses pressed to the windows of the fashion world. Their business and their distinctive style are based not so much on family history and artisanal traditions as on their relationship with each other. And the only reason that Dolce and Gabbana are creative and business partners at all is that they were romantic partners first.

The two men have long approached political orthodoxies with the same brashness and iconoclasm that guide their fashion sensibility. In 2006, Gabbana told the Daily Mail, “I am opposed to the idea of a child growing up with two gay parents.” Such statements have yet to affect Dolce & Gabbana’s business, but as gay rights make gains there is likely to be less freedom to speak for those who oppose them—even if those speaking are gay men.

Already the new interview has prompted opposition, with the website LGBT News Italia calling for a boycott like the one launched against Barilla pasta after its chairman made similar comments. I tend to loathe the sub-democratic habit of expressing political preferences through consumer choices, but it would be hard to object to the victory won for elegance if conservatives were to start wearing D&G in solidarity with these two brilliant, independent-minded Italians.

I just want to say that I have absolutely no problem with these two guys. I think they should be allowed to believe what they want, act how they want, speak how they want and even have private commitment ceremonies if they want. All I want from them is that I be allowed to say the same things that they say in public, and not face the wrath of the secular leftist state and their powerful LGBT allies. I would like to also have the freedom to not celebrate or endorse anything that gay people do in word or deed.

I hope that a lot of gay people like these two guys will speak out for freedom like this, and in favor of natural marriage and family. I don’t expect any gay people to endorse my sexual orientation, which is premarital chastity and postmarital exclusive fidelity. But I do expect them to tolerate me, just like these two guys seem to be able to do. I could probably be friends with these two guys, except that I don’t care about fashion. But on gay marriage, these two guys really get it, and they get it better than most Christians and conservatives. Is it that hard to make a simple defense of natural marriage? I think not.

Europe is going socialist – what’s the worst that could happen?

European Debt to GDP and Credit Rating
European Debt to GDP and Credit Rating

From MSN Money.

Excerpt:

European finance officials have discussed as a worst-case scenario limiting the size of withdrawals from ATM machines, imposing border checks and introducing capital controls in at least Greece should Athens decide to leave the euro.

EU officials have told Reuters the ideas are part of a range of contingency plans. They emphasized that the discussions were merely about being prepared for any eventuality rather than planning for something they expect to happen – no one Reuters has spoken to expects Greece to leave the single currency area.

[…]The discussions have taken place in conference calls over the past six weeks, as concerns have grown that a radical-left coalition, SYRIZA, may win the second election, increasing the risk that Greece could renege on its EU/IMF bailout and therefore move closer to abandoning the currency.

No decisions have been taken on the calls, but members of the Eurogroup Working Group, which consists of euro zone deputy finance ministers and heads of treasury departments, have discussed the options in some detail, the sources said.

As well as limiting cash withdrawals and imposing capital controls, they have discussed the possibility of suspending the Schengen agreement, which allows for visa-free travel among 26 countries, including most of the European Union.

[…]Another source confirmed the discussions, including that the suspension of Schengen was among the options raised.

“These are not political discussions, these are discussions among finance experts who need to be prepared for any eventuality,” the second source said. “It is sensible planning, that is all, planning for the worst-case scenario.”

I noticed an article that came out in CNN Money that explained how American households had lost almost 40% of their net worth since 2007 – the exact year that Nancy Pelosi took control of the House and Harry Reid took control of the Senate. The Democrats have been running the European playbook since they took over in 2007. We are just a few steps behind the Europeans thanks to the borrow and spend policies of the Democrats.

Moody’s downgrades credit rating of 26 Italian banks, Spain is next

European Debt to GDP and Credit Rating
European Debt to GDP and Credit Rating

From Yahoo News.

Excerpt:

Moody’s Investors Service has downgraded the ratings on 26 Italian banks as they struggled with the effect of government austerity measures.

The rating agency said Monday that the banks are suffering because Italy is back in recession and government austerity measures are cutting demand for loans.

The banks are struggling with more loan losses, limited access to funding and weaker profits.

Moody’s noted that support of the European Central Bank lowered the default risk of many banks.

Its outlook for all 26 banks is negative.

From the Wall Street Journal.

Excerpt:

The ratings for Italian banks are now among the lowest within advanced European countries, reflecting these banks’ susceptibility to the adverse operating environments in Italy and Europe, Moody’s said in a statement. Two of the country’s largest institutions, UniCredit SpA (UCG.MI, UNCFF) and Intesa Sanpaolo SpA (ISP.MI, ISNPY), were included.

Moody’s move came hours after the firm raised an alarm on Spain, arguing the country’s banks remain vulnerable even after Madrid moved to increase the banks’ cushions against potential losses from real-estate loans.

[…]Italy, saddled with EUR1.9 trillion ($2.44 trillion) debt, has signed onto the EU’s fiscal compact that sets strict limits on the country’s deficit levels. In recent weeks, Mr. Monti has begun pressing Germany to give Italy more fiscal slack to stimulate its economy and create jobs. Mr. Monti has recently proposed that the EU create special exemptions to the budget rules when countries target their public spending on projects like broadband investments and infrastructure.

Moody’s downgrades come after the ratings firm in February placed various ratings of 114 financial institutions in 16 European countries on review for possible downgrade, highlighting the region’s banks’ vulnerability to the euro-zone sovereign debt crisis.

Moody’s is expected to follow the downgrade of Italian banks by cutting the ratings of Spanish banks. By the end of June, more than 100 European banks, as well as Wall Street giants like Bank of America Corp. (BAC) and Citigroup Inc. (C), are likely to have ratings that are at least one notch lower.

[…]Moody’s also alluded to J.P. Morgan Chase & Co.’s (JPM) recent disclosures of more than $2 billion in trading losses as a reminder of potential problems lurking at some European banks.

“Recent events highlight the risks for creditors from potential weaknesses in governance, controls and risk management, especially at some smaller, privately-held banks,” Moody’s said in its news release.

Moody’s says it will conclude its reviews by the end of June. In coming weeks, major U.S. financial institutions, Bank of America Corp., Citigroup Inc., Goldman Sachs and Morgan Stanley are likely to face downgrades.

Banks in Austria and Sweden are expected to see downgrades after Spain.

Italy’s debt is $2.44 trillion, ours is nearly $16 trillion.

Fitch cuts credit ratings on 6 more European nations

From Zero Hedge.

Excerpt:

Fitch Ratings-London-27 January 2012: Fitch Ratings has today concluded its review of the six eurozone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011.

The rating actions on the long-term (LT) and short-term (ST) Issuer Default Ratings (IDRs) are as follows:

-Belgium LT IDR downgraded to ‘AA’ from ‘AA+’; Negative Outlook; ST IDR affirmed at ‘F1+’
-Cyprus LT IDR downgraded to ‘BBB-‘ from ‘BBB’; Negative Outlook; ST IDR affirmed at ‘F3’
-Ireland LT IDR affirmed at ‘BBB+’; Negative Outlook; ST IDR affirmed at ‘F2’
-Italy LT IDR downgraded to ‘A-‘ from ‘A+’; Negative Outlook; ST IDR downgraded to ‘F2’ from ‘F1’
-Slovenia LT IDR downgraded to ‘A’ from ‘AA-‘; Negative Outlook; ST IDR downgraded to ‘F1’ from ‘F1+’
– Spain LT IDR downgraded ‘A’ from ‘AA-‘; Negative Outlook; ST IDR downgraded to ‘F1’ from ‘F1+’

All the ratings have been removed from RWN, with the Negative Outlook on all six countries indicating a slightly greater than 50% chance of a downgrade over a two-year time horizon.

[…]The Negative Outlooks on eight eurozone countries (the six sovereigns in this review along with ‘AAA’-rated France and ‘BB+’-rated Portugal) primarily reflect the risk that the crisis could intensify further.

Now consider that Barack Obama is taking us down the same road as these European welfare states. The problem with socialism is that you eventually run out of other people’s money. That’s what is happening in Europe, and it’s going to happen here, unless we get serious about who we elect as President.

My previous post on S&P downgrades of the credit ratings of various European countries.