BBC News - What's the matter with Italy?:
The country that came up more and more during meetings between ministers looking to solve the eurozone debt crisis was Italy, but why should it be affected by the Greek crisis?
Greece's debt problems are already widely known and the immediate consequences of a Greek default largely anticipated.
Moreover, the size of the Greek economy is small enough that the direct damage if Greece stopped paying its debts should be quite manageable for the eurozone.Instead, the big fear is "contagion" - that a Greek default could trigger a financial catastrophe for other, much bigger economies.
That is why European leaders announced in October a significant expansion of the European Financial and Stability Facility (EFSF).
And it seems it is Italy, not Spain, which is seen as lead candidate for that contagion among Europe's big economies and the main possible beneficiary of the enhanced fund.
Why is that?
Prudent Italy?
According to Germany's chancellor, Angela Merkel, "Italy has great economic strength, but Italy does also have a very high level of debt and that has to be reduced in a credible way in the years ahead."
As with Greece, she and other eurozone leaders believe the solution is more government austerity - spending cuts and tax rises - by Rome.
However, some economists might disagree with her assessment.
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Monday, 31 October 2011
BBC News - ILO: World economy on verge of new jobs recession
BBC News - ILO: World economy on verge of new jobs recession:
The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization (ILO) has warned.
It will take at least five years for employment in advanced economies to return to pre-crisis levels, it said.
The ILO also noted that in 45 of the 118 countries it examined, the risk of social unrest was rising.
Separately, the OECD research body said G20 leaders meeting in Cannes this week need to take "bold decisions".
The Organisation for Economic Co-operation and Development said the rescue plan announced by EU leaders on 26 October had been an important first step, but the measures must be implemented "promptly and forcefully".
The OECD's message to world leaders came as it predicted a sharp slowdown in growth in the eurozone and warned that some countries in the 17-nation bloc were likely to face negative growth.
'Moment of truth'
In its World of Work Report 2011, the ILO said a stalled global economic recovery had begun to "dramatically affect" labour markets.
It said approximately 80 million net new jobs would be needed over the next two years to get back to pre-crisis employment levels.
But it said the recent slowdown in growth suggested that only half the jobs needed would be created.
"We have reached the moment of truth. We have a brief window of opportunity to avoid a major double-dip in employment," said Raymond Torres from the ILO.
The group also measured levels of discontent over the lack of jobs and anger over perceptions that the burden of the crisis was not being fairly shared.
It said scores of countries faced the possibility of social unrest, particularly those in the EU and the Arab region.
Loss of confidence
Meanwhile, in its latest projections for G20 economies, the OECD forecast growth in the eurozone of 1.6% this year, slowing to 0.3% next year.
The organisation called for G20 leaders, who meet on Thursday and Friday, to act quickly.
"Much of the current weakness is due to a generalised loss of confidence in the ability of policymakers to put in place appropriate responses," the OECD said.
"It is therefore imperative to act decisively to restore confidence and to implement appropriate policies to restore longer-term fiscal sustainability."
It also called for the eurozone to cut interest rates.
The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization (ILO) has warned.
It will take at least five years for employment in advanced economies to return to pre-crisis levels, it said.
The ILO also noted that in 45 of the 118 countries it examined, the risk of social unrest was rising.
Separately, the OECD research body said G20 leaders meeting in Cannes this week need to take "bold decisions".
The Organisation for Economic Co-operation and Development said the rescue plan announced by EU leaders on 26 October had been an important first step, but the measures must be implemented "promptly and forcefully".
The OECD's message to world leaders came as it predicted a sharp slowdown in growth in the eurozone and warned that some countries in the 17-nation bloc were likely to face negative growth.
'Moment of truth'
In its World of Work Report 2011, the ILO said a stalled global economic recovery had begun to "dramatically affect" labour markets.
It said approximately 80 million net new jobs would be needed over the next two years to get back to pre-crisis employment levels.
But it said the recent slowdown in growth suggested that only half the jobs needed would be created.
"We have reached the moment of truth. We have a brief window of opportunity to avoid a major double-dip in employment," said Raymond Torres from the ILO.
The group also measured levels of discontent over the lack of jobs and anger over perceptions that the burden of the crisis was not being fairly shared.
It said scores of countries faced the possibility of social unrest, particularly those in the EU and the Arab region.
Loss of confidence
Meanwhile, in its latest projections for G20 economies, the OECD forecast growth in the eurozone of 1.6% this year, slowing to 0.3% next year.
In May, it had forecast growth of 2% per year in both 2011 and 2012.
It also cut its growth forecasts for the US to 1.7% in 2011 and 1.8% in 2012. It had previously expected growth of 2.6% and 3.1% respectively.The organisation called for G20 leaders, who meet on Thursday and Friday, to act quickly.
"Much of the current weakness is due to a generalised loss of confidence in the ability of policymakers to put in place appropriate responses," the OECD said.
"It is therefore imperative to act decisively to restore confidence and to implement appropriate policies to restore longer-term fiscal sustainability."
It also called for the eurozone to cut interest rates.
The Broken Contract | Foreign Affairs
The Broken Contract | Foreign Affairs:
Like an odorless gas, economic inequality pervades every corner of the United States and saps the strength of its democracy. Over the past three decades, Washington has consistently favored the rich -- and the more wealth accumulates in a few hands at the top, the more influence and favor the rich acquire, making it easier for them and their political allies to cast off restraint without paying a social price.
Like an odorless gas, economic inequality pervades every corner of the United States and saps the strength of its democracy. Over the past three decades, Washington has consistently favored the rich -- and the more wealth accumulates in a few hands at the top, the more influence and favor the rich acquire, making it easier for them and their political allies to cast off restraint without paying a social price.
Who lost the world? Obama has paved the way for an explosive era
By Frank J. Gaffney, Jr.
Conventional wisdom has it that the 2012 presidential election will be all about the dismal economy, unemployment and the soaring deficit. That appears a safe bet because such matters touch the electorate, are much in the news at the moment and have indisputably become worse on Barack Obama's watch.
It seems increasingly likely, however, that the American people will have a whole lot more to worry about by next fall. Indeed, the way things are going, by November 2012, we may see the Middle East - and perhaps other parts of the planet - plunged into a cataclysmic war.
Consider just a few of the straws in the wind of a gathering storm:
• Moammar Gadhafi's death last week prompted the Obama administration to trumpet the president's competence as commander in chief and the superiority of his "small footprint," "lead-from-behind" approach to waging war over the more traditional - and costly and messy - one pursued by George W. Bush. The bloom came off that false rose on Sunday when Mustafa Abdul-Jalil, chairman of the National Transitional Council, repeatedly declared his government's fealty to Shariah, Islam's brutally repressive, totalitarian political-military-legal doctrine.
Among other things, Mr. Abdul-Jalil said Shariah would be the "basic source" of all legislation. Translation: Forget about representative democracy. Under Shariah, Allah - not man - makes the laws.
In short, the result of Mr. Obama's $2 billion expenditure to oust Gadhafi is a regime that will be led by jihadists, controls vast oil reserves and has inherited a very substantial arsenal (although some of it - including reportedly as many as 20,000 surface-to-air missiles - has "gone missing"). This scarcely can be considered a victory for the United States and probably will prove a grave liability.
• An Islamist party called Ennahda seems likely to have captured the lion's share of the votes cast in the first free election in Tunisia. Although we are assured it is a "moderate" religious party, the same has long been said of Turkey's governing AKP party. Unfortunately, we have lately seen the latter's true colors as it has become ever more insistent at home on jettisoning the secular form of government handed down by Mustafa Kemal Attaturk and acted ever more aggressively abroad. A similar transformation can be expected, later if not sooner, of any Shariah-adherent political movement.
• In Egypt, meanwhile, the agenda of the Islamists' mother ship - the Muslim Brotherhood - is being adopted even before elections formally bring it to power. The interim military government has abetted efforts to punish and even kill the Coptic Christian minority. It has facilitated the arming of the Brotherhood's franchise in Gaza and allowed the Sinai to become the launching pad for al Qaeda and others' attacks on Israel.
Egypt's transitional regime also helped broker the odious exchange of more than 1,000 convicted terrorists held by Israel for a single soldier kidnapped and held hostage for five years by Hamas. Upon their release, the convicts with Jewish blood on their hands received heroes' welcomes even as they affirmed their desire to destroy Israel and called for the seizure of still more Israelis to spring their comrades still behind bars. This does not augur well for either the Jewish state or for our interests.
• The increasingly mercurial Afghan president, Hamid Karzai, has announced that - despite the long-running, immensely costly and ongoing U.S. effort to protect his kleptocratic government - in a war between Pakistan and the United States, Afghanistan would side with Pakistan. The magnitude of this insulting repudiation of America is all the greater since Pakistan is widely seen as doing everything it can to re-establish the Taliban in Kabul.
In Iraq, Prime Minister Nouri al-Maliki has touted his success in thwarting Washington's belated (and halfhearted) efforts to keep a significant number of U.S. forces in his country after the end of this year. His coalition partner and fellow Iranian cat's paw, Muqtada al-Sadr, already is boasting that he also will drive out the American contractor personnel who are, for the moment, expected to provide a measure of security after the military withdraws. In that case, we may well see the mullahs' agents take over a U.S. embassy for the second time since 1979 - this one the newest, largest and most expensive in the world.
Add to this litany an emboldened and ascendant China, a revanchist Russia once again under the absolute control of Vladimir Putin, a Mexico free-falling into civil war with narcotraffickers and their Hezbollah allies on our southern border and you get a world that is fraught with peril for the United States. Matters are made infinitely worse by the prospect of reckless budget cuts hollowing out the U.S. military.
The Republican candidates to succeed Mr. Obama are beginning to find their voices on the national security portfolio. They will be formally debating the president's sorry record in coming weeks. The question the American people will want answered is not only "Who lost the world?" but what they will do to get it back.
Read original article here.
Conventional wisdom has it that the 2012 presidential election will be all about the dismal economy, unemployment and the soaring deficit. That appears a safe bet because such matters touch the electorate, are much in the news at the moment and have indisputably become worse on Barack Obama's watch.
It seems increasingly likely, however, that the American people will have a whole lot more to worry about by next fall. Indeed, the way things are going, by November 2012, we may see the Middle East - and perhaps other parts of the planet - plunged into a cataclysmic war.
Consider just a few of the straws in the wind of a gathering storm:
• Moammar Gadhafi's death last week prompted the Obama administration to trumpet the president's competence as commander in chief and the superiority of his "small footprint," "lead-from-behind" approach to waging war over the more traditional - and costly and messy - one pursued by George W. Bush. The bloom came off that false rose on Sunday when Mustafa Abdul-Jalil, chairman of the National Transitional Council, repeatedly declared his government's fealty to Shariah, Islam's brutally repressive, totalitarian political-military-legal doctrine.
Among other things, Mr. Abdul-Jalil said Shariah would be the "basic source" of all legislation. Translation: Forget about representative democracy. Under Shariah, Allah - not man - makes the laws.
In short, the result of Mr. Obama's $2 billion expenditure to oust Gadhafi is a regime that will be led by jihadists, controls vast oil reserves and has inherited a very substantial arsenal (although some of it - including reportedly as many as 20,000 surface-to-air missiles - has "gone missing"). This scarcely can be considered a victory for the United States and probably will prove a grave liability.
• An Islamist party called Ennahda seems likely to have captured the lion's share of the votes cast in the first free election in Tunisia. Although we are assured it is a "moderate" religious party, the same has long been said of Turkey's governing AKP party. Unfortunately, we have lately seen the latter's true colors as it has become ever more insistent at home on jettisoning the secular form of government handed down by Mustafa Kemal Attaturk and acted ever more aggressively abroad. A similar transformation can be expected, later if not sooner, of any Shariah-adherent political movement.
• In Egypt, meanwhile, the agenda of the Islamists' mother ship - the Muslim Brotherhood - is being adopted even before elections formally bring it to power. The interim military government has abetted efforts to punish and even kill the Coptic Christian minority. It has facilitated the arming of the Brotherhood's franchise in Gaza and allowed the Sinai to become the launching pad for al Qaeda and others' attacks on Israel.
Egypt's transitional regime also helped broker the odious exchange of more than 1,000 convicted terrorists held by Israel for a single soldier kidnapped and held hostage for five years by Hamas. Upon their release, the convicts with Jewish blood on their hands received heroes' welcomes even as they affirmed their desire to destroy Israel and called for the seizure of still more Israelis to spring their comrades still behind bars. This does not augur well for either the Jewish state or for our interests.
• The increasingly mercurial Afghan president, Hamid Karzai, has announced that - despite the long-running, immensely costly and ongoing U.S. effort to protect his kleptocratic government - in a war between Pakistan and the United States, Afghanistan would side with Pakistan. The magnitude of this insulting repudiation of America is all the greater since Pakistan is widely seen as doing everything it can to re-establish the Taliban in Kabul.
In Iraq, Prime Minister Nouri al-Maliki has touted his success in thwarting Washington's belated (and halfhearted) efforts to keep a significant number of U.S. forces in his country after the end of this year. His coalition partner and fellow Iranian cat's paw, Muqtada al-Sadr, already is boasting that he also will drive out the American contractor personnel who are, for the moment, expected to provide a measure of security after the military withdraws. In that case, we may well see the mullahs' agents take over a U.S. embassy for the second time since 1979 - this one the newest, largest and most expensive in the world.
Add to this litany an emboldened and ascendant China, a revanchist Russia once again under the absolute control of Vladimir Putin, a Mexico free-falling into civil war with narcotraffickers and their Hezbollah allies on our southern border and you get a world that is fraught with peril for the United States. Matters are made infinitely worse by the prospect of reckless budget cuts hollowing out the U.S. military.
The Republican candidates to succeed Mr. Obama are beginning to find their voices on the national security portfolio. They will be formally debating the president's sorry record in coming weeks. The question the American people will want answered is not only "Who lost the world?" but what they will do to get it back.
Read original article here.
Davies: New BEE tender rules out soon: Fin24: Economy
Davies: New BEE tender rules out soon: Fin24: Economy:
Johannesburg - New preferential procurement regulations will come into force on December 7, Trade and Industry Minister Rob Davies said on Monday.
Speaking during a debate hosted by I-Net Bridge, Davies said the first round of regulations would include infrastructure such as railways, set-top boxes and Eskom's Medupi power plant.
Companies with broad-based black economic empowerment (B-BBEE) ownership will score extra points when bidding for government procurement contracts.
"The goal is to stimulate local manufacturing production, without necessarily compromising competitiveness," the minister said. "Valued added activity has got to be at the forefront."
ETM economist Russell Lamberti said the implementation of the BEE policy had been "awful to date". "We will probably be having the same discussion five to 10 years down the line if the government does not cut the red tape and allow individuals to decide how to take part in the economy. SA has hugely complex economic policy," Lamberti said.
Johannesburg - New preferential procurement regulations will come into force on December 7, Trade and Industry Minister Rob Davies said on Monday.
Speaking during a debate hosted by I-Net Bridge, Davies said the first round of regulations would include infrastructure such as railways, set-top boxes and Eskom's Medupi power plant.
Companies with broad-based black economic empowerment (B-BBEE) ownership will score extra points when bidding for government procurement contracts.
"The goal is to stimulate local manufacturing production, without necessarily compromising competitiveness," the minister said. "Valued added activity has got to be at the forefront."
ETM economist Russell Lamberti said the implementation of the BEE policy had been "awful to date". "We will probably be having the same discussion five to 10 years down the line if the government does not cut the red tape and allow individuals to decide how to take part in the economy. SA has hugely complex economic policy," Lamberti said.
Rand hit as Japan weakens yen: Fin24: Markets: Currencies
Rand hit as Japan weakens yen: Fin24: Markets: Currencies
The rand has weakened sharply against dollar after Japanese authorities intervened to weaken their currency, sending the dollar to a 3-month high.
“It primarily seems to be driven by the large move in the euro/dollar and also on the back of the Japanese intervention. That seems to be the main driver,” said Leon Myburgh, Sub-Saharan Africa Strategist at Citi.
The rand has weakened sharply against dollar after Japanese authorities intervened to weaken their currency, sending the dollar to a 3-month high.
“It primarily seems to be driven by the large move in the euro/dollar and also on the back of the Japanese intervention. That seems to be the main driver,” said Leon Myburgh, Sub-Saharan Africa Strategist at Citi.
Sunday, 30 October 2011
South Africa's Rolling Clouds
This post relates to my previous article South Africa's Looming Revolution
Winnie sounds warning
2011-10-30
By Sabelo Ndlangisa
“Next year, we will be voting in Bloemfontein and trust me, we’re not into recycling. We shall get a new leader,” she told guests at an event to mark the 60th anniversary of Drum magazine at Emperors Palace in Johannesburg.
Earlier that day, the veteran politician testified in favour of embattled ANC Youth League leader Julius Malema at his disciplinary hearing.
This is probably the most direct indication so far that Madikizela-Mandela supports the league’s bid to remove President Jacob Zuma in Mangaung next year.
ANCYL Economic Freedom March
As can be seen in the articles and galleries of the various South African newspapers, they only published very carefully selected photographs from which one cannot really make our how many people were part of the march.
The media went out of their way to convince the public and the World that the ANCYL's Economic Freedom March was a failure and that very few people attended the march. In fact they quoted figures of "less than 1000", and "no more than 3000", while there were no less than 10,000 and rather closer to 20,000 marchers in Pretoria, which I saw with my own eyes.
The media tried there very best to downplay the march in an effort to prevent anxiety and panic among the South African public and to prevent negative impact on foreign tourism.
The media is trying to hide the reality of the revolution building in the New South Africa. In the meantime the signs are clear for all to see.
The strange thing about it is that even the right wing is falling for the media's bluff? Even the right wingers are cheering, because the ANCYL's Economic Freedom March was a "failure"? It shows how even the right wing in South Africa are gullible to the extreme, living in their dreams of a new white homeland for white South Africans.
ANCYL march to Union Buildings
Well selected photographs of the march in Pretoria
ANCYL march in Johannesburg
Well selected photographs
Malema addresses ANCYL march
Video
ANCYL march - Day 2
Video
ANC youth league march IN PHOTOS
Well selected Photographs in South Africa's largest black newspaper
The South African Constitution is in danger
ANCYL demands change to Constitution
The ANC Youth League on Friday called on government to amend the Constitution to allow land claims without compensation.
The league demanded the amendment of section 25 of the Constitution which protects private property against arbitrary expropriation and allows for compensation.
The league's memorandum said all productive land should be nationalised and leased, and neighbourhoods electrified.
A state bank must be established and foreign policy must be changed to isolate countries that threaten South Africa's sovereignty.
"He stated clearly that everyone that lives in South Africa who isn’t black and who owns property has stolen it from the black people and especially from the black youth... Malema has now openly instructed that the Constitution be changed in order to legalise the theft of their property and possessions," said Botha. This above paragraph quoted from the following article Malema needs a history lesson - CDP.
Johannesburg Stock Exchange
Malema hands memo to JSE
"The people who are stealing our wealth must come on stage," Malema said from the back of a truck converted into a stage outside the JSE in Sandton.
"Down with white capital monopoly," he chanted.
An official from the JSE received the memorandum from Malema at 17:15.
"Thank you for the opportunity. We will take your demands to the executive," he said.
This upset the crowd who started singing Dubul'ibhunu (shoot the boer), which has been declared hate speech by a court.
"Our demands are clear and they must respond as soon as possible," Malema said.
"We have come peacefully and we hope they can respect that."
A Very Important Point
With this ANCYL Economic Freedom March Julius Malema made a very important point that should be taken seriously. He showed how much control he holds over his followers. This march was peaceful to the extreme with not a single incident of violence or lack of discipline. Malema showed how much discipline and respect he commands with his followers.
If he could discipline them this well during two days of the longest march in history, leading at least 10,000 followers, what could he achieve under circumstances that required his followers to take more aggressive action under his command?
Comes the ANC Election Conference in Mangaung 2012 we shall see the results of the ANCYL's efforts.
A revolution could take many forms, but the process and methodology remain the same.
The dark clouds of revolution are rolling across the New South Africa.
WWIII Its coming, but when?
"The Truth is Extreme, to Make it Moderate is to Lie."
- Storm Clouds Gathering
Total Collapse - The Build up to World War III
Link to the above video is http://www.youtube.com/watch?v=zaKNko2Dq7Q
Wednesday, 26 October 2011
China Brutally Destroys Female Population | Before It's News
China Brutally Destroys Female Population | Before It's News:
Killing a child in China is a common event.
In China, they break the spines of newborns, they bury them alive, strangle and poison them, or just starve them to death. All of that mostly happens to girls, because the birth of a baby girl in China is economically unprofitable.
Girls have to have dowries, so a family has to work hard for it for years. The pension system in China is meant for a narrow circle of state clerks. Elderly Chinese parents are supported by their sons. Hideous crimes committed against little helpless kids happen all across China, not just in remote rural areas. Beijing garbagemen often find dead bodies of little children in stinky wastes. Sometimes they are still alive...
There are 118 boys per 100 registered girls in China, whereas the biological norm is 104-106 boys and 100 girls. To put it in a nutshell, they destroy one-seventh of Chinese girls. The girls are killed by their own parents. "One family - one child" policy gives an incentive to it as well.
To read the full story click HERE
Killing a child in China is a common event.
In China, they break the spines of newborns, they bury them alive, strangle and poison them, or just starve them to death. All of that mostly happens to girls, because the birth of a baby girl in China is economically unprofitable.
Girls have to have dowries, so a family has to work hard for it for years. The pension system in China is meant for a narrow circle of state clerks. Elderly Chinese parents are supported by their sons. Hideous crimes committed against little helpless kids happen all across China, not just in remote rural areas. Beijing garbagemen often find dead bodies of little children in stinky wastes. Sometimes they are still alive...
There are 118 boys per 100 registered girls in China, whereas the biological norm is 104-106 boys and 100 girls. To put it in a nutshell, they destroy one-seventh of Chinese girls. The girls are killed by their own parents. "One family - one child" policy gives an incentive to it as well.
To read the full story click HERE
Tuesday, 25 October 2011
Moneywebtax - Treasury expects R13bn tax revenue shortfall - BUDGET
Moneywebtax - Treasury expects R13bn tax revenue shortfall - BUDGET:
South Africa's economic situation is moving from bad to worse as the downward spiral continues even the tax income is dwindling. In the meantime the Regime is trying to present a variety of excuses for the shortfall, while it is clear that the whole country is headed for a crash.
CAPE TOWN - Treasury is estimating a R13bn under collection in tax revenue and this will require the government to temporarily increase its borrowings.
Minister of Finance Pravin Gordhan said tax revenue collections had not yet recovered fully from the effects of the recession.
With the shortfall of R13bn the estimated gross tax revenue has been reduced to R728.6bn, largely due to a downward revision in net VAT receipts. The VAT receipts have fallen by R13,4bn to R187.5bn, owing to an underestimation of VAT refunds for 2011/12 at the time of budget.
"What this requires is an application of our counter-cyclical policies," Gordhan said.
He added that higher borrowing would be carefully managed as capital markets were volatile and debt servicing costs already the fastest growing category of expenditure. However Gordhan pointed out that Treasury would not introduce a new bond to raise more money.
See more details on "Budget deficit widens" story
South Africa's economic situation is moving from bad to worse as the downward spiral continues even the tax income is dwindling. In the meantime the Regime is trying to present a variety of excuses for the shortfall, while it is clear that the whole country is headed for a crash.
CAPE TOWN - Treasury is estimating a R13bn under collection in tax revenue and this will require the government to temporarily increase its borrowings.
Minister of Finance Pravin Gordhan said tax revenue collections had not yet recovered fully from the effects of the recession.
With the shortfall of R13bn the estimated gross tax revenue has been reduced to R728.6bn, largely due to a downward revision in net VAT receipts. The VAT receipts have fallen by R13,4bn to R187.5bn, owing to an underestimation of VAT refunds for 2011/12 at the time of budget.
"What this requires is an application of our counter-cyclical policies," Gordhan said.
He added that higher borrowing would be carefully managed as capital markets were volatile and debt servicing costs already the fastest growing category of expenditure. However Gordhan pointed out that Treasury would not introduce a new bond to raise more money.
See more details on "Budget deficit widens" story
Sunday, 23 October 2011
1929 Wall Street Stock Market Crash - YouTube
1929 Wall Street Stock Market Crash - YouTube:
The most devastating stock market crash in the history of the United States;
Documentary by PBS - New York.
The most devastating stock market crash in the history of the United States;
Documentary by PBS - New York.
Saturday, 22 October 2011
Daily Maverick :: As Mantashe warns of implosions, Youth League plans revolt in October
Daily Maverick :: As Mantashe warns of implosions, Youth League plans revolt in October:
From the same young people who grandly claim to have influenced the revolts that overturned the Egyptian government and others, come plans of mass action on financial institutions as well as the country’s Presidency. CARIEN DU PLESSIS reports on the ANC Youth League’s plans for 27 and 28 October.
The ANC Youth League must have known that ANC secretary-general Gwede Mantashe expressed concerns about their “confrontational and aggressive posture against the ANC” during the ruling party’s national executive committee meeting last Friday and Saturday.
From the same young people who grandly claim to have influenced the revolts that overturned the Egyptian government and others, come plans of mass action on financial institutions as well as the country’s Presidency. CARIEN DU PLESSIS reports on the ANC Youth League’s plans for 27 and 28 October.
The ANC Youth League must have known that ANC secretary-general Gwede Mantashe expressed concerns about their “confrontational and aggressive posture against the ANC” during the ruling party’s national executive committee meeting last Friday and Saturday.
Global Politician - South Africa: What Future Is There For Whites And Other Minorities?
Global Politician - South Africa: What Future Is There For Whites And Other Minorities?:
The reality in South Africa, let's take stock
South Africa is run by a Marxist regime. They are hell bent on having major black tribes dominating politics and the economy, and will not stop until they have achieved their goals. It is the same thing every other African country has tried to achieve. The inevitable result is:
Total destruction of the economy
Total destruction of food production
Famine
Total destruction and collapse of infrastructure
Substandard education
The eradication of all possible resistance, whites and other minorities through forced emigration, famine or genocide.
A pure Communist state
Zimbabwe-style Communist dictatorship is what the ANC is planning long-term for South Africa. Whether you think it is stupid is totally irrelevant to them. The aim is to stay in power forever. They do not care what they destroy or how many people they brutally kill in the process.
The reality in South Africa, let's take stock
South Africa is run by a Marxist regime. They are hell bent on having major black tribes dominating politics and the economy, and will not stop until they have achieved their goals. It is the same thing every other African country has tried to achieve. The inevitable result is:
Total destruction of the economy
Total destruction of food production
Famine
Total destruction and collapse of infrastructure
Substandard education
The eradication of all possible resistance, whites and other minorities through forced emigration, famine or genocide.
A pure Communist state
Zimbabwe-style Communist dictatorship is what the ANC is planning long-term for South Africa. Whether you think it is stupid is totally irrelevant to them. The aim is to stay in power forever. They do not care what they destroy or how many people they brutally kill in the process.
For $1 billion, one dictator | Exclusive - Yahoo! News
For $1 billion, one dictator | Exclusive - Yahoo! News
Important extracts from the Yahoo article :
Call him the billion-dollar man. One billion for one dictator.
According to the Pentagon, that was the cost to U.S. taxpayers for Muammar el-Qaddafi's head: $1.1 billion through September, the latest figure just out of the Defense Department.
And that's just for the Americans.
The final totals will take some time to add up, and still do not include the State Department, CIA, and other agencies involved or other NATO and participating countries. Vice President Joe Biden said that the U.S. "spent $2 billion total and didn't lose a single life." NATO does not track the operational costs to each member country, but the funds directly taken from a common NATO account for Libya operations have totaled about $7.4 million per month for electronic warfare capabilities and $1.1 million per month for headquarters and command staff, a NATO spokesman said.
Since the operation began on March 31, getting to Qaddafi's final stand required 7,725 air sorties and 1,845 strike sorties, 397 of which dropped ordnance, and 145 Predator drone strikes.
NATO aircraft, including those supplied by the U.S., totaled 26,089 sorties and 9,618 strike sorties through Wednesday.
More than 70 U.S. aircraft have supported the operation, including Predator drones.
NATO flew 67 sorties and 16 strikes sorties over Libya one day before Qaddafi was killed.
The NATO mission also employed submarines, aircraft carriers, amphibious assault ships, destroyers, frigates, and supply ships—as many as 21 vessels at one time.
Additionally, as of one week ago, the U.S. had sold participating countries in the operation roughly $250 million in ammunition, parts, fuel, technical assistance, and other support, according to the Pentagon.
The Congressional Research Services estimate the Afghanistan war has cost nearly $500 billion so far. With Iraq, the figure easily tops $1 trillion.
Important extracts from the Yahoo article :
Call him the billion-dollar man. One billion for one dictator.
According to the Pentagon, that was the cost to U.S. taxpayers for Muammar el-Qaddafi's head: $1.1 billion through September, the latest figure just out of the Defense Department.
And that's just for the Americans.
The final totals will take some time to add up, and still do not include the State Department, CIA, and other agencies involved or other NATO and participating countries. Vice President Joe Biden said that the U.S. "spent $2 billion total and didn't lose a single life." NATO does not track the operational costs to each member country, but the funds directly taken from a common NATO account for Libya operations have totaled about $7.4 million per month for electronic warfare capabilities and $1.1 million per month for headquarters and command staff, a NATO spokesman said.
Since the operation began on March 31, getting to Qaddafi's final stand required 7,725 air sorties and 1,845 strike sorties, 397 of which dropped ordnance, and 145 Predator drone strikes.
NATO aircraft, including those supplied by the U.S., totaled 26,089 sorties and 9,618 strike sorties through Wednesday.
More than 70 U.S. aircraft have supported the operation, including Predator drones.
NATO flew 67 sorties and 16 strikes sorties over Libya one day before Qaddafi was killed.
The NATO mission also employed submarines, aircraft carriers, amphibious assault ships, destroyers, frigates, and supply ships—as many as 21 vessels at one time.
Additionally, as of one week ago, the U.S. had sold participating countries in the operation roughly $250 million in ammunition, parts, fuel, technical assistance, and other support, according to the Pentagon.
The Congressional Research Services estimate the Afghanistan war has cost nearly $500 billion so far. With Iraq, the figure easily tops $1 trillion.
Thursday, 20 October 2011
Ranking of economies - Doing Business - World Bank Group
Ranking of economies - Doing Business - World Bank Group
Whoever develops this ranking does NOT live in the New South Africa.
If ease of doing business is referring to how easy is is to start selling home-made art along a busy road earning R50 - R100 per day, then certainly we belong in 35th place.
If and starting a business is referring to how easy is is to start selling home-made art along a busy road earning R50 - R100 per day, then certainly we belong in 44th place.
Dealing with construction permits 31st place? Have they ever tried getting construction permits in SA? Do they get this information from our corrupt Regime? They should ask any construction company about this before listing us at 31st place.
Registering a property in the New SA is 100% dependent on how large a bribe one is prepared to pay and even then it would take months to years. That is if the documentation does not get lost along the way.
Getting electricity in the New SA is much easier than starting a business or getting a property registered. Doing business with all the power outages is another problem altogether.
Getting credit with our new Credit Act is virtually impossible and has been killing the economy since coming into place. Add the new Consumer Protection Act and making money becomes a nightmare.
This ranking system is a joke and was obviously compiled by someone that had never set foot in the New South Africa and not even worth any further discussion.
Whoever develops this ranking does NOT live in the New South Africa.
If ease of doing business is referring to how easy is is to start selling home-made art along a busy road earning R50 - R100 per day, then certainly we belong in 35th place.
If and starting a business is referring to how easy is is to start selling home-made art along a busy road earning R50 - R100 per day, then certainly we belong in 44th place.
Dealing with construction permits 31st place? Have they ever tried getting construction permits in SA? Do they get this information from our corrupt Regime? They should ask any construction company about this before listing us at 31st place.
Registering a property in the New SA is 100% dependent on how large a bribe one is prepared to pay and even then it would take months to years. That is if the documentation does not get lost along the way.
Getting electricity in the New SA is much easier than starting a business or getting a property registered. Doing business with all the power outages is another problem altogether.
Getting credit with our new Credit Act is virtually impossible and has been killing the economy since coming into place. Add the new Consumer Protection Act and making money becomes a nightmare.
This ranking system is a joke and was obviously compiled by someone that had never set foot in the New South Africa and not even worth any further discussion.
Daily Maverick :: As Mantashe warns of implosions, Youth League plans revolt in October
Daily Maverick :: As Mantashe warns of implosions, Youth League plans revolt in October
From the same young people who grandly claim to have influenced the revolts that overturned the Egyptian government and others, come plans of mass action on financial institutions as well as the country’s Presidency.
CARIEN DU PLESSIS reports on the ANC Youth League’s plans for 27 and 28 October.
Is this the trial run working towards the New South Africa's revolution?
The New SA has all the signs pointing towards a revolution.
From the same young people who grandly claim to have influenced the revolts that overturned the Egyptian government and others, come plans of mass action on financial institutions as well as the country’s Presidency.
CARIEN DU PLESSIS reports on the ANC Youth League’s plans for 27 and 28 October.
Is this the trial run working towards the New South Africa's revolution?
The New SA has all the signs pointing towards a revolution.
Wednesday, 19 October 2011
South African Black Economic Empowerment Explained
Shortly after class, an economics student approaches his economics professor and says, "I don't understand the point of BEE.
Can you explain it to me?"
The professor replied, "I don't have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, I'll be glad to explain it to you."
The student agreed.
At the agreed-upon time, the student showed up at the professor's house.
The professor stated that the weekend project involved his backyard pool.
They both went out back to the pool, and the professor handed the student a bucket.
Demonstrating with his own bucket, the professor said, "First, go over to the deep end, and fill your bucket with as much water as you can."
The student did as he was instructed.
The professor then continued, "Follow me over to the shallow end, and then dump all the water from your bucket into it."
The student was naturally confused, but did as he was told.
The professor then explained they were going to do this many more times, and began walking back to the deep end of the pool.
The confused student asked, "Excuse me, but why are we doing this?"
The professor matter-of-factly stated that he was trying to make the shallow end much deeper.
The student didn't think the economics professor was serious, but figured that he would find out the real story soon enough.
However, after the 16th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad.
The student finally blurted out,
"All we're doing is wasting valuable time and effort on unproductive pursuits. Even worse, when this process is all over, everything will be at the same level it was before, so all you'll really have accomplished is the destruction of what could have been truly productive action!"
The professor put down his bucket and replied with a smile, "Congratulations. You now understand BEE."
Can you explain it to me?"
The professor replied, "I don't have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, I'll be glad to explain it to you."
The student agreed.
At the agreed-upon time, the student showed up at the professor's house.
The professor stated that the weekend project involved his backyard pool.
They both went out back to the pool, and the professor handed the student a bucket.
Demonstrating with his own bucket, the professor said, "First, go over to the deep end, and fill your bucket with as much water as you can."
The student did as he was instructed.
The professor then continued, "Follow me over to the shallow end, and then dump all the water from your bucket into it."
The student was naturally confused, but did as he was told.
The professor then explained they were going to do this many more times, and began walking back to the deep end of the pool.
The confused student asked, "Excuse me, but why are we doing this?"
The professor matter-of-factly stated that he was trying to make the shallow end much deeper.
The student didn't think the economics professor was serious, but figured that he would find out the real story soon enough.
However, after the 16th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad.
The student finally blurted out,
"All we're doing is wasting valuable time and effort on unproductive pursuits. Even worse, when this process is all over, everything will be at the same level it was before, so all you'll really have accomplished is the destruction of what could have been truly productive action!"
The professor put down his bucket and replied with a smile, "Congratulations. You now understand BEE."
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