More than 55,000 people are known to have died in the earthquake that struck south-west China on 12 May, according to the vice-governor of Sichuan province. The earth quake in China has displaced more people (over 5 million) than the population of Ireland (where I live) and created new land features. These satellite pictures from …
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Category:9 Regions
End of credit crunch …?
US Treasury Secretary thinks that it is the “end of the credit crunch“. It is likely that he said “peak” rather than “end”, or meant that anyway. And take that message with caution: yes this may be the peak of the unwinding of the US sub-prime mortgage mess, but unwinding will continue till year end. …
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Another Fed rate cut … how low can you go, Ben?
The US Fed cut again from 2.25% to 2%. Now is the time to be reducing rates. But they’ve already come down so much in the past 2-3 quarters, while behaviour of policy makers and fiduciaries remains behind the game. I’m sure Ben would like to have additional room to reduce rates in case stimulation …
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A chance for peace between Syria and Israel
There are reports that Israel is considering returning the Golan Heights to Syria in return for peace. The occupation of teh Golan Heights by Israel is the principal reason that peace talks broke down. It would be a milestone in Middle East diplomacy if Israel were to follow through on this idea and would raise …
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China now has more internet users than the US
China has jumped past the U.S. in terms of total Internet users. In March 2008, China had more than 230 million people online according to the Beijing based research firm BDA China; that’s only 17% of the population and its growing at about 50% a year. The U.S. by comparison had 216 million users at …
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What peace process in the middle east?
How can anyone be deluded about the unwillingness to compromise in the Middle East. The Annapolis meeting of last year has proven to be worthless (as expected). Poisoning water (of soldiers as well as civilians) is tantamount to chemical warfare and unethical. The bombing raids just exacerbate the problem. Israels belligerents need to grow up …
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Art illuminates diplomacy in N.Korea
As usual, it has been art that shows the way social and cultural dynamics must evolve. The New York Philharmonic Orchestra has performed a concert in North Korea, playing western and Korean pieces. It was an un-political event, but will most certainly enlighten hearts and minds in North Korea.
Amnesty reports decline in Russian liberty
Amnesty International released Freedom Limited, a report detailing declining freedom of speech in Putin’s Russia. Unsurprising, but sad news. A backlash is inevitable, but probably later rather than sooner. Intelligent systems naturally tend to open systems; Russia’s wealth is fuelling its intellectual capacities which will demand openness in governance. BBC report
Greenspan negative on US economy, again.
Alan Greenspan has warned that US economic growth has stalled and a quick recovery is not likely. It is easier for him to make public statements like this now that his job performance does not depend on America’s economic confidence.
US employment down – a serious sign of slowdown
US employers cut 17,000 jobs from their payrolls in January, US Labor Department figures showed. Economists had been expecting a rise of 80,000. If this figure proves to be in line with actual events (after adjustments), it shows severe declines in economic activity in the US. There has been modest wage inflation over the past …
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