So, first, there was a military war. Now there is an economic war:
Image via Wikipedia
South Sudanese citizens, international dignitaries and the world’s newest president celebrated as their war-wracked nation became the world’s newest country Saturday.
Raucous street celebrations broke out at midnight. Dignitaries included U.N. Secretary-General Ban Ki-moon, former U.S. Secretary of State Colin Powell and even former Sudanese President Omar al-Bashir.
The predominantly Christian south and the mostly Muslim north battled over more than five decades.
Should the angry north — now deprived of its oil revenues — follow through on its threats to blockade the new nation, South Sudan can survive on credit, using its oil as collateral. The north says it will block pipelines.
via World’s newest nation, South Sudan, says it can survive angry north’s oil blockade – Beliefnet News.
Absolutely disgusting and shameful: the West in a quite important economic crisis, and yet these guys are asking for more money.
The Palestinian Authority is facing a budget crisis. It has reached its borrowing limit and has a 585 million dollar deficit. So naturally its leaders are asking the West for another handout.
Back in 2007, 7.4 billion dollars was pledged to keep the terrorist edifice of the Authority running. The PA claimed that it needed 3.9 billion for budgetary shortfalls alone. And after pissing away far more than that, the men who give the suicide bombers their marching orders are back passing around the plate.
Even as the Palestinian Authority pushes forward on a statehood bid at the UN, not only is it unable to pay its own bills, but its only real revenue stream is foreign aid. Few states can claim to have failed, before they are even declared– but the PA is on its way there.
But do “Palestinian People” really need billions more in aid? The World Bank report for 2011 found that only 16 percent of the West Bank under PA control was living below the poverty line.
How serious is a 16 percent poverty rate? It’s better than the poverty rate in Washington D.C. which hit 18.9 percent. That means that politicians in Washington D.C. are diverting money that could have been used to help needy Americans a few miles from their offices, to help the comparatively better off terrorist populations in the West Bank.
Contrary to the barrage of news stories on the suffering of the Palestinians, the poverty rate for America and the West Bank aren’t that far apart. The California poverty rate is at 15.3 percent. And the national average at 14.3 percent is hardly that much better.
via The Palestinian Muslim Money Hole | FrontPage Magazine.
Fernando Teixeira dos Santos, Portuguese Finance Minister
“We take a great leap forward in strengthening our relations at all levels, trade and investment, and also in terms of funding“.
Fernando Teixeira dos Santos, Portuguese Minister of Finance, when asked about Chinese Govt buying Portuguese bonds. Does he know about Mao?
Thanks he didn’t add: “and in Human Rights“.
By his father-in-law this morning. He had apparently committed suicide.
Two very interesting articles about the problems which Spain is facing now, after our Dear Leader the Allianzator of Civilizations has been leading us
into disaster for 6 years now 🙄 . The first in English:
Spain’s debt to GDP ratio is expected to climb from 53.2 percent last year to 64.9 percent this year and 72.5 percent next year. But investors are particularly concerned about Spain’s gaping budget deficit, which at 11.3 percent of GDP is the third-largest in the euro zone, and which may exceed that of Greece this year, according to the European Commission.
In late May, the Spanish Parliament narrowly approved a €15 billion austerity plan to rein in the public deficit and ease fears of a Greek-style debt crisis. The measure, which is intended to reduce the deficit to 6 percent by 2011, includes cutting the pay of public sector employees by 5 percent and freezing that pay next year. The plan also calls for suspending automatic inflation-adjusted pensions and scrapping a payout parents get for the birth of new children.
Although these measures won Zapatero some respite from the markets, they also left his political future hanging in the balance. In the face of public strikes organized by Spain’s largest labor unions, as well as a more than 10-point decline in support for his Socialist Party, Zapatero put off other reforms. Now, with the crises in Ireland and Portugal, nervous investors are once again focusing on Spain’s public finances.
via Pajamas Media » Europe’s Future Lies, Ominously, with Spain.
The second one is in Spanish (though translated partially):
The rescue and even “reestructuration” of the Spanish public debt will be inevitable if the Government continues not doing anything about it. According to the U.S. entity in its “forecast about euro zone growth” report issued on Tuesday, “Spain can still get by without external assistance” provided that no major negative surprises in the banking sector and whether it makes fiscal adjustment additional. And, at the end of 2011 the deficit will be 7.5% of GDP, well above the 6% target set by the Government, a target that, according to Citi, will be difficult to meet in 2012.
The mediation of King Juan Carlos I in his travel throughout Arab Emirates some days ago has been fruitful, because the Spanish Consortium, formed by RENFE, Adif and Talgo and most of the more important Spanish building firms, will have an active role in the construction of the so-called Mecca train. This train will transport Muslim believers from Mina’s Valley, in Western Saudi Arabia, to Mecca in the yearly peregrination, called Hajj. Mina is situated near Mecca (10 kilometers), the place, where, according to Islam, prophet Abraham got to fulfill God’s commandment to kill his own son before He sent him a ram.
The macro project of high-speed train linking Medina, Jeddah and Mecca is scheduled for commissioning by 2013. For now, these cities will be joined this year by a kind of light rail, which will be capable of moving only 175,000 people. It is estimated that when the construction of the Spanish Consortium’s train is finished, it will be able to carry up to half a million faithful every six hours. It is expected that this year about 3 million people comply with the so-called “hajj”, one of the five pillars of Islam which every Muslim must perform at least once in their life. With this influx of travelers, the economic success of the project seems almost assured.
via La mediación del Rey Juan Carlos logra que el tren de La Meca vaya a manos españolas – Extraconfidencial.com.
(Translated by T&P).
The new Spanish Minister for Health,Social Policies and Equality, Leire Pajín, has said that “families are in much better conditions now than 6 years ago, because of Socialist policies“.
Opposition MPs have reminded her that “2,5% can’t afford to eat meat nor fish, 7.7% can’t afford to pay the house rent or its mortgage and 37% can’t afford to cope with a unexpected payment“.
But numbers from charity NGO Cáritas are really bad: “In the last two years, the number of users cared for by Cáritas’ hosting net has doubled. In 2007 there were 370,251, in 2008, 633,315 and in 2009 786,273“.
I don’t know what the hell this woman is thinking about. That we are all idiots? Or in the “Socialists” (and other politicians) whose lifes have improved during these past six years?
Well, I guess this guy does not agree with Miss Pajín…
Vote Zapatero and come with me to the fucking street