Showing posts with label pakistan. Show all posts
Showing posts with label pakistan. Show all posts

Monday, September 5, 2011

Issue 11: August 19, 2011.

United States

  • GOP Presidential Candidates
    • The GOP held its second debate, in which 10 candidates participated, ahead of the Iowa straw poll. Pawlenty and Bachmann continually exchanged tit-for-tat exchanges criticizing each other.
    • The Iowa Straw poll was held and bat-shit Bachmann won. Thankfully the straw poll has an awful history of prediction who will win the GOP domination, but it is important to the candidates as they try to rally their bases and raise funds.
    • After a dismal showing in the straw poll and debate, Pawlenty officially announced he was abandoning his bid.
    • Rick Perry (governor of Texas) formally announced that he was going to seek the bid and immediately went to Iowa to begin fund raising and campaigning. He immediately was seen as a top-tier contender, but still behind the likes of Romney and (now) Bachmann.
    • Perry received some attention and criticism after saying that if Ben Bernanke (head of the Fed) printed more money, Perry would view that as "almost treasonous" and alluded to the idea that if Bernanke went to Texas he would get beat up.
    • A former Reagan Treasury official said on CNN that Perry "...is an idiot, and I don't think anyone would disagree with that."
    • In a shot at Perry and his stance on teaching creationism in schools and disbelief in climate change, Republican candidate John Huntsman (former Ambassador to China & governor of Utah) tweeted “To be clear. I believe in evolution and trust scientists on global warming. Call me crazy.” And that is awesome.
  • Super Committee
    • As part of the debt ceiling "deal" a Super Committee of 6 democrats and 6 republicans (3 per party per chamber of Congress) were appointed by the respective chamber's party leaders. The committee is charge with producing a plan to cut $1.4 trillion in spending. If they fail to achieve a plan that gets approved by Congress steep cuts will be imposed in defense, entitlements and discretionary spending. Perhaps luckily, the public will probably be saved from hearing most of the brinkmanship except for positioning at the very beginning and end of it.
  • Not Fun State Fairs
    • A grandstand stage in Indiana collapsed after a poorly built stage and high winds from an oncoming thunderstorm hit it. 6 people were killed
    • At the Wisconsin state fair widespread white vs black fights broke out after an initial fight happened, a group of younger black guys were kicked out and returned later with "hundreds" of people and attacked random people leaving the fair, pulling people out of cars and assaulting them. It's a lovely state.
International
  • Eurozone Debt Issues
    • Italy is the country de jour as the Eurozone debt fears spread to larger and more meaningful economies.
    • Italy's economy is absolutely huge compared to Ireland or Greece, and the EFSF (European Financial Stability Facility) is WAY too small to rescue or bailout the country should it come to the point of restructuring their debt.
  • London Riots
    • After a man was shot and killed by London police in a drug raid violence broke out on the streets of London, and across the country, as typically younger people took to the streets, looted and vandalized the city.
    • It was largely seen as an a-political group that was loosely organized, if at all, and consisted mainly of younger Britons who feel disaffected by the government after a series of austerity measures that hit their demographic especially hard. That said, the riots/protests were never political and more seemed to be pissed off kids breaking shit.
    • The original police report said the main originally killed by police fired on them first, but it was later shown that the man killed had not fired anything on police.
    • Scotland Yard was largely criticized for the shooting as well as the failure to respond to the riots quickly or effectively enough.
    • The riots lasted a handful of days before calming down
  • China Violence
    • Several Chinese troops were killed in a western China province as a small, mainly Muslim, ethnic group set off strings of violence against government troops. They have been fighting the government for awhile now, but have largely been fairly inept at accomplishing anything meaningful prior to this.
    • The group is mainly based in the northern, lawless tribal regions in Pakistan and the Chinese government is putting pressure on the Pakistani government to take control of the region and has appealed to them to allow China to set up a military base in the area, which has been denied so far.
  • Syria
    • Assad continues to use the military to attack his own citizens as the country continues to implode.
    • The US has finally called Assad's rule as illegitimate and called on him to step down as the death toll tops 2,000 and 2 videos of violence have outraged the public. One showed a 7-9 year old boy who was detained by security forces and what appears to be signs of torture and cigarette burns on him, the other of a 3 year old girl who was shot in the eye from a regime sniper.
  • Libya
    • Rebels have been able to make progress in key towns around Tripoli (Qaddafhi's stronghold) and are close to cutting off his supply routes from Algeria.
    • If a couple more key towns fall to the rebels they could effectively surround Tripoli, which could force the regime's hand in either fighting to the death or giving up.
  • Egypt's Islamists
    • Held a series of large rallies in Tahrir Square (same place the revolution took place) to promote more Islamic influences on the formation of the new government and to protest how long it is taking for the temporary military council to implement reforms.
  • Israel Protests
    • Younger Israeli's held demonstrations across the country to protest the high living costs and how the government has largely ignored the problem
    • Following the protests Israel approved the building of more settlements in the West Bank, which effectively created a ring of settlements around the Palestinian side of the edge of Jerusalem. The international community was not impressed.
  • Stealth Helicopter
    • Unnamed US officials told various media outlets that the US is relatively certain the Pakistan showed various Chinese officials and engineers what was left of the wreckage of the stealth helicopter before turning it over to the US.
  • Afghanistan Helicopter
    • The largest single death toll of US troops happened in Afghanistan as a helicopter with 21 Navy SEALs and a handful of other troops was downed in an area of Afghanistan rife with violence.
  • Somalian Famine
    • Continues to get worse as international aid is being denied by the rebels/terrorists and, when delivered, typically hoarded by local warlords. Beautiful country though.

As reported by Jason Van Thiel.

Friday, July 22, 2011

Issue 10 (July 22, 2011).

United States

US Debt Ceiling

  • Political posturing continues as we approach the August 2nd deadline to raise the debt ceiling.
  • The 'Gang of 6' has proposed a plan that has received fairly widespread acceptance, but it remains unclear if they can turn the proposal into legislation and have the votes to get it passed by the deadline.
  • Major ratings agencies S&P and Moodys have threatened to downgrade the credit rating of the US unless the ceiling is raised and a credible long term debt reduction plan is implemented.
  • Even Washington insiders have expressed their disbelief and shock at how this scenario has shown at how incompetent the current crop of congressional members and leaders can be. A lot of blame has been put on the freshmen class of Tea Party House members as they view their political dogma as more important than being pragmatic or getting anything done.

Military Aid to Pakistan Gets Cut

  • The US has cut (suspended) part of the military aid it sends to Pakistan as the tensions between the US and Pakistan remained heightened after the Osama fiasco. The amount suspended is $800m, which is 40% of the military aid we send them annually.
  • It was proposed to cut the aid completely off in a congressional committee, but that proposal was quickly shot down as that would essentially destroy all relations with the country.

US Execution of Mexican National (kinda)

  • Texas executed a Mexican national (who had lived in the US since he was 2) after he was convicted of raping and murdering a 16 year old girl.
  • According to international rules and those imposed by the International Court of Justice, the execution violated international rules that state foreign nationals must be granted access to advice from the consulate of the home country, which was denied to this guy.

International

Mumbai Bombings

  • Coordinated terrorist bombs hit Mumbai, India during rush hour on the 13th. Over 21 people here killed as the bombs hit busy centers throughout the city.

Oslo Explosion

  • This morning a large explosion rocked the center of Oslo, Norway, and damaged government buildings and a newspaper building. At least two people are confirmed dead at this point, but it happened less than an hour ago.
  • The Prime Minister's office is close to the explosion, but he is safe and was not in the building at the time.
  • Authorities have just confirmed that the cause was a bomb.

Somalia Drought

  • A severe drought has hit Somalia quite hard and thousands of refugees are fleeing as they cannot get enough food or water to support their families.
  • A UN agency has said at least $300M is needed in aid soon or there will be a humanitarian crisis.
  • One would have thought people would have already fled the shitbox after decades of civil war and the complete lack of a central government.

Murdoch Scandal

  • Rupert Murdoch and his son, James Murdoch, testified in front of a British Parliamentary committee investigated the phone hacking scandal.
  • A protestor was able to get in the hearing and attempted (unsuccessfully) to hit Rupert with a shaving cream pie.

Hugo Chavez

  • The anti-American president of Venezuela is in Cuba for ongoing treatment and surgery for cancer.


As reported by Jason Van Thiel.

Tuesday, July 5, 2011

Issue 8 (June 18, 2011).

United States

GOP Presidential Debate

  • On Monday CNN held the first GOP Presidential debate in New Hampshire.
  • Participants were: Mitch Romney, Tim Pawlenty, Newt Gingrich, Michelle Bachmann, Rick Stantorum, Ron Paul and Herman Cain.
  • It was fairly widely viewed that Bachmann was the most impressive during the debate, considering the low expectations most people had for her. Despite that, Romney had the largest target on his back since he is the clear front runner at this point and he emerged from the debate almost completely unscathed by the other participants.

10 Members of Congress Sue the Administration

  • The suit is over the conflict in Libya and that Obama hasn't sought Congress' official approval of "hostilities" and that such hostilities have gone beyond the 60 days given to the President to end or seek approval of actions according to the War Powers Resolution Act of 1973.
  • The Administration has sent Congress a package of documents outlining why the Libya mission does not constitute "hostilities" because NATO took the lead in the operation on April 7th, and the US has mainly been in a supporting role of surveillance and operations.
  • The War Powers Resolution does not define what amounts to "hostilities" so the suit is widely seen as a public and political move to put pressure on the Administration, since the courts cannot rule on what is undefined.

Weiner Resigns

  • New York Rep Anthony Weiner announced he is resigning from the House on Thursday after his whole sexting/twittering scandal.

John Edwards' F-Buddy

  • I'm a bit late on this, but John Edwards was indicted on 6 counts for using campaign funds to pay to keep his mistress hidden.

USA Supplying Arms to Mexican Gun Cartels

  • This is old news, but just in case you've missed the reports over the past several months, most of the guns and weapons used by Mexican drug cartels to kill Mexican police and civilians originate in the US due to the ease of obtaining powerful weapons here.

International

Syria Crackdown

  • Syrian troops continue to crack down on protests across the country with tanks encircling some cities in the north, prompting thousands of people to flee into Turkey.
  • The international community has remained relative quiet about the atrocities happening there, with only a few select governments calling the regimes continued rule as illegitimate.
  • Reports and pictures of troops torturing women and children have surfaced, to which the regime denies they are real.

Pakistan Arrests

  • Pakistan has arrested multiple CIA informants that helped during the Bin Laden raid along with several people suspected of helping Bin Laden.
  • The action has further strained the already tense relationship between the US and Pakistan.

Greek Violent Protests

  • Protests in Greece erupted Wednesday over proposed austerity measures in order to try to bring Greece's fiscal house in order.
    Petrol bombs have thrown at riot police and violence occasionally breaks in various clashes.
  • Short rant: If anyone compares the US's debt situation to Greece you can immediately stop listening to what they are about to say since they clearly don't know how our different monetary systems work. Ever since Greece joined the Euro zone, they lost the sovereign ability to create their own currency and therefore are constrained to what the ECB does and what taxes they collect. In this aspect, they are much like the relationship between the individual states and the US. Minnesota is revenue-constrained and therefore either has to raise revenue through taxes or cut spending (or both) if they run a deficit since there are no Minnesota-Dollars they could create (and most states have a balanced budget resolution in their constitution). However, since the US, and only US, can create Dollars and therefore, (barring a congressional action) the US cannot default on its debt, since it would just make more dollars to pay it's obligation and (likely) cause inflation and devaluing the dollar to a certain extent.

IMF President

  • The current front runner, and widely anticipated next president of the IMF, Christine Lagarde who is the current French Finance Minister, has been globe trotting several emerging countries to try to reassure them of her candidacy.
    The emerging world has long criticized the IMF for always having a European president, given the increasing influence, power and need for oversight of emerging nations, and they feel someone experienced in dealing with emerging nation's finances would be best for the IMF.
  • Historically the IMF has always been run by a European and the World Bank run by an American.
  • The US is tacitly supporting Lagarde by remaining relatively quiet about the candidates, but is widely seen to want to keep the IMF/World Bank status quo with an American remaining in the deputy position.
  • The only other real candidate is the head of the Mexican central bank, Agustin Carstens, but is seen as a long shot.

As reported by Jason Van Thiel.