Some times, some people, just get fed up with the same ol'e same ol'e. This appears to be the case in Egypt after 30 odd years of Hoseni Mubarak at the helm.
If you have not heard, there are large protests in Egypt with protesters asking for President Mubarak to step down and for a peaceful, democratic, transition. The thing is with leaders like Mubarak- who can almost, if not certainly, be classified as a dictator- is that they do not go down easily. In fact, they try their hardest to secure power for the next generation after they have formally left the seat of authority. Sometimes they even stay around- like Vladimir Putin in Russia (even though he is not classified as a dictator)- to pull strings as if they had never left.
If you have not also heard, is that in Egypt, Mubarak appointed a Vice President in a Mr. Omar Suleiman, who was also the Egyptian head of intelligence. Whether or not he will be a crowd favourite in Egypt in the months to come is the issue. But, he has been used by the United States in the past as the chief head of operations for US military operations in the Middle East. Mr. Suleiman is also the chief architect of the Egyptian/Israeli peace accord-- by extension, holding extremist at bay from bringing holy hell and fire upon Israel.
However, Egypt is not the only case of revolution in the Middle East currently. Yemen has just ousted it's president, Ali Abdullah Saleh, and sent him packing to Saudi Arabia. No strong word yet on what would or should happen in Yemen after his departure, but one can imagine that everyone is very concerned about this power vac um.
Yemen is a hot spot for terrorism. In fact, Yemen is on the Al-Queda watch list for America. If you can remember, the Christmas day Nigerian bomber was trained in Yemen as well as a number of other "suspicious" activities surrounding money transfers and "chatter" coming from Yemen to the outside world, has prompted security analysts to look very closely at Yemen. See the Council on Foreign Relations website for more background notes.
The situation on Yemen has calmed down now. However, the power structure is still non-functioning. This can breed more terrorist cells and harbour more persons wishing to indulge in illicit acts- and not just terrorism alone- and remain a festering boil on the backs of the Yemeni people. We need to watch this closely.
Even before Yemen and Egypt, there was Tunisia. A somewhat mild revolution compared to that of Egypt at least, but now as we look back, a bellwether to the most recent demonstrations that we have seen in Egypt. President Ben Ali was ousted, the prime minister shuffled the Cabinet and we are now at a point where the new cabinet must deliver or face the consequences of Ben Ali.
Perhaps we were all fooling ourselves? Perhaps it is a course of nature, considering how the economy was so bad for so long and that people were bound to revolt. Perhaps this was the case? Perhaps what happened in Iran last year was a forewarning to us all. Perhaps all other regime collapses of this year can weather the storm as did the Iranian regime? We will have to wait and see.
We should all be watching. It's not as if the Middle East is like any other region. Terrorism is the main watchword and Al-Queda need only one or two more dysfunctional societies for them to take root and disrupt the rest of the world again. I remarked on my Facebooj page that this looks like the 1970's all over again for the Middle East... it appears to be so!!!
Sunday, February 6, 2011
Wednesday, January 26, 2011
President Obama's State of the Union Address..
Well, it was last night (Jan 25th, 2011 for historical record keeping purposes). I don't know why I tuned in, but it was typical Obama none the less. However, while the delivery was the same, the contents of the speech were different.
Why do I say it was different? Well, President Obama was talking about deficit reductions in a way that it he weaved into, or, out of, corporate concessions for business. It almost sounded as if George Bush could have given the speech. LOL...
He also praised the movements in Tunisia. If you have not heard, Tunisia just put out its president for almost life last week, and the people have also been rooting out his cabinet as well. No idea on when real elections will take place, but that is another story.
President Obama also talked about not repealing Health Care Reform. Apparently, some want to repeal it-- the numbers have been dwindling on that number for repeal, but it is still a stead group of congress persons who are in favour of repealing Health Care Reform.
Hopefully, President Obama spoke right to their hearts and they leave the repeal talk alone. Plus, it would set a bad precedent and it may also come across as racist. Don't want that, do we?
Anyways... the speech was typical in Obama's delivery, but a little different with regard to the content. See full speech here
Why do I say it was different? Well, President Obama was talking about deficit reductions in a way that it he weaved into, or, out of, corporate concessions for business. It almost sounded as if George Bush could have given the speech. LOL...
He also praised the movements in Tunisia. If you have not heard, Tunisia just put out its president for almost life last week, and the people have also been rooting out his cabinet as well. No idea on when real elections will take place, but that is another story.
President Obama also talked about not repealing Health Care Reform. Apparently, some want to repeal it-- the numbers have been dwindling on that number for repeal, but it is still a stead group of congress persons who are in favour of repealing Health Care Reform.
Hopefully, President Obama spoke right to their hearts and they leave the repeal talk alone. Plus, it would set a bad precedent and it may also come across as racist. Don't want that, do we?
Anyways... the speech was typical in Obama's delivery, but a little different with regard to the content. See full speech here
Saturday, January 22, 2011
The fall of the American Empire?
A college buddy of mine responded to a Facebook message I placed on my wall. He was asking me why was I commenting on America all of a sudden? However, when the President of China, Hu Jintao, visited Washington DC in the month of January he and American counterpart, Barack Obama, commentators wondered what will America do about a seemingly, increasing, threat, China poses to US interests. I explained to my buddy that international news is what I comment on and not to take it too personal. But it did lead me to think: is the sun setting on the American Empire?
I must say that America has been our greatest ally- even taking into consideration the Chinese assistance with many projects in the Bahamas- and it's a relationship I truly treasure as a Caribbean individual.
The American media went into overdrive for President Hu's trip, from talking about a full scale attack on Chinese technology and military systems, to the milder, trade and commercial based sanctions and measures to curb Chinese exports and the undervalued Chinese currency. Whatever it is, it has to be said that China has the world's largest standing army and has the second largest economy in the world and growing at a rapid pace while the American economy is in a decline.
The first point that people notice is the huge military build up of arms that the US has not been able to persuade the Chinese not to build. Reports from the Pentagon estimate that the Chinese nuclear arsenal has increased some 25 percent since 2006. The People's Liberation Army of China has a standing army of over 2.5 million men and another 500,000 on reserve. The United States has just under a 1.5 million standing army with about the same amount of official reservists.
While that total seems startling, especially considering China's population, but the way warfare has changed and weaponry has developed since the Atomic Bomb dropped on Hiroshima, a country like the United States, doesn't have to engage in an "on the ground" invasion. With a military expenditure of over $680 billion dollars (with a Republican congress promising to increase this amount), with much of that spending going towards satellites, surveillance systems, long range missiles, anti-ballistic missiles (like the Patriot missile) and sea to air combat vehicles, the Unites States seems more fortified than China.
But, there is more to having military power than size or advanced technology alone. You need the universal, intellectual right, to use your moral authority to get the job done, as we have seen with the invasion of Iraq with America and the inability of China to persuade North Korea, or anyone else for that matter, to put their aggressions aside.
The second issue is that US economic power seems to have faded. The Free Market ideology has flaws and the salience of its subscriptions has been severely challenged in the international arena. The market system has been criticized by Chinese officials, of all things, as well by other emerging economies such as Brazil’s former President, Lula da Silva.
America has not kept captive the imagination of the rest of the world through the philosophical underpinnings of the capitalist free market ideology. One has only to look at the mess the global banking sector has gotten the rest of the world in and you can understand why there needs to be a better way of doing business. Massive worldwide unemployment and business closures, led to massive protests and instability.
While some proponents of the free market system feel that this is just a blip on the radar and that this system is the best way to transfer wealth to the economically under-served, they believe that by increasing the amount of wealth and money to be dispersed without government interference should increase income equality. Opponents on the other hand would argue that if this were the case, the American financial system and automobile sector would not need government bail-outs or government facilities for housing in the US (Fannie and Freddie Mac) nor other regulations that work to ensure that wealth is not concentrated into the hands of the few, would not be necessary now or ever.
Slate Magazine's Tim Noah estimates that income inequality is a major issue in America as the top fifth of Americans, who earn more than $100,000 a year, received nearly 50 percent of all income in the U.S., while the bottom 20 percent received just 3 percent. However, income inequality in China is a growing problem as well, with a Socialist system. A report from China's Ministry of Labour and Social Security estimate that 20 percent of China's population at the poverty level accounts for only 4.7 percent of the total income or consumption and 20 percent of China's population at the affluent level accounts for 50 percent of the total income or consumption and the gap is widening.
One can say that the demonstrations in China in 2008 and 2009 indicated that the Chinese people were clamouring for more reform to their system. Conversely, Tea Party protests in America, while a little milder and somewhat more civil, has brought about threats of political assassinations and actual attempted assassinations , with protestors brandishing semi-automatic weapons at the rallies doesn't quite bode well for America either. (I have to add that the French and Greeks take to the streets with more fervour and animosity than China and America combined)
China's export driven economic model, to China's credit, is changing towards an inward, domestic spending and consumption pattern of growth, isn't exactly socialist either. In fact, China is exactly where the Western world was back in the 1700's with a "beggar they neighbour" mindset and Mercantilist practices. China, now the largest exporter in the world, surpassing Germany in 2009 and now the second larger economy surpassing Japan in 2010- has the economic might to make demands on global interests worldwide, with or without fully subscribing to any ideology moving forward.
America has other internal challenges as well. Their media is on steroids with the 24 hour news cycle model that accelerates the velocity of political and negative social rhetoric at record speed while breeding social discontent. Their congress has bottlenecks as well, with it always in deadlock with threat of filibuster, made worse by a large gap with regard to the transformation of policy information to the masses about how the American economy and society works with a democratic system and congress.
China doesn't have those internal problems as they have a strong check on the information that flows through China, and as a one party democratic system, makes decisions more quickly than the American two or, multi-party, system.
Which country will self destruct, artificially inflate their economy and over extend their reach without the influence to back it up, first, or who has the resilience to overcome those obstacles to attaining ultimate global power over the next 100 years? America appears to have the lead!
I must say that America has been our greatest ally- even taking into consideration the Chinese assistance with many projects in the Bahamas- and it's a relationship I truly treasure as a Caribbean individual.
The American media went into overdrive for President Hu's trip, from talking about a full scale attack on Chinese technology and military systems, to the milder, trade and commercial based sanctions and measures to curb Chinese exports and the undervalued Chinese currency. Whatever it is, it has to be said that China has the world's largest standing army and has the second largest economy in the world and growing at a rapid pace while the American economy is in a decline.
The first point that people notice is the huge military build up of arms that the US has not been able to persuade the Chinese not to build. Reports from the Pentagon estimate that the Chinese nuclear arsenal has increased some 25 percent since 2006. The People's Liberation Army of China has a standing army of over 2.5 million men and another 500,000 on reserve. The United States has just under a 1.5 million standing army with about the same amount of official reservists.
While that total seems startling, especially considering China's population, but the way warfare has changed and weaponry has developed since the Atomic Bomb dropped on Hiroshima, a country like the United States, doesn't have to engage in an "on the ground" invasion. With a military expenditure of over $680 billion dollars (with a Republican congress promising to increase this amount), with much of that spending going towards satellites, surveillance systems, long range missiles, anti-ballistic missiles (like the Patriot missile) and sea to air combat vehicles, the Unites States seems more fortified than China.
But, there is more to having military power than size or advanced technology alone. You need the universal, intellectual right, to use your moral authority to get the job done, as we have seen with the invasion of Iraq with America and the inability of China to persuade North Korea, or anyone else for that matter, to put their aggressions aside.
The second issue is that US economic power seems to have faded. The Free Market ideology has flaws and the salience of its subscriptions has been severely challenged in the international arena. The market system has been criticized by Chinese officials, of all things, as well by other emerging economies such as Brazil’s former President, Lula da Silva.
America has not kept captive the imagination of the rest of the world through the philosophical underpinnings of the capitalist free market ideology. One has only to look at the mess the global banking sector has gotten the rest of the world in and you can understand why there needs to be a better way of doing business. Massive worldwide unemployment and business closures, led to massive protests and instability.
While some proponents of the free market system feel that this is just a blip on the radar and that this system is the best way to transfer wealth to the economically under-served, they believe that by increasing the amount of wealth and money to be dispersed without government interference should increase income equality. Opponents on the other hand would argue that if this were the case, the American financial system and automobile sector would not need government bail-outs or government facilities for housing in the US (Fannie and Freddie Mac) nor other regulations that work to ensure that wealth is not concentrated into the hands of the few, would not be necessary now or ever.
Slate Magazine's Tim Noah estimates that income inequality is a major issue in America as the top fifth of Americans, who earn more than $100,000 a year, received nearly 50 percent of all income in the U.S., while the bottom 20 percent received just 3 percent. However, income inequality in China is a growing problem as well, with a Socialist system. A report from China's Ministry of Labour and Social Security estimate that 20 percent of China's population at the poverty level accounts for only 4.7 percent of the total income or consumption and 20 percent of China's population at the affluent level accounts for 50 percent of the total income or consumption and the gap is widening.
One can say that the demonstrations in China in 2008 and 2009 indicated that the Chinese people were clamouring for more reform to their system. Conversely, Tea Party protests in America, while a little milder and somewhat more civil, has brought about threats of political assassinations and actual attempted assassinations , with protestors brandishing semi-automatic weapons at the rallies doesn't quite bode well for America either. (I have to add that the French and Greeks take to the streets with more fervour and animosity than China and America combined)
China's export driven economic model, to China's credit, is changing towards an inward, domestic spending and consumption pattern of growth, isn't exactly socialist either. In fact, China is exactly where the Western world was back in the 1700's with a "beggar they neighbour" mindset and Mercantilist practices. China, now the largest exporter in the world, surpassing Germany in 2009 and now the second larger economy surpassing Japan in 2010- has the economic might to make demands on global interests worldwide, with or without fully subscribing to any ideology moving forward.
America has other internal challenges as well. Their media is on steroids with the 24 hour news cycle model that accelerates the velocity of political and negative social rhetoric at record speed while breeding social discontent. Their congress has bottlenecks as well, with it always in deadlock with threat of filibuster, made worse by a large gap with regard to the transformation of policy information to the masses about how the American economy and society works with a democratic system and congress.
China doesn't have those internal problems as they have a strong check on the information that flows through China, and as a one party democratic system, makes decisions more quickly than the American two or, multi-party, system.
Which country will self destruct, artificially inflate their economy and over extend their reach without the influence to back it up, first, or who has the resilience to overcome those obstacles to attaining ultimate global power over the next 100 years? America appears to have the lead!
Saturday, January 15, 2011
January 14th, 2011!
KEMP GLOBAL was born. Great day for the President and CEO, Youri Aramin Kemp, indeed!
Monday, January 10, 2011
Political Rhetoric to blame?
Well, it's been all over the news- the shooting of several people in Tuscon Arizona, with one of the critically wounded being Congresswoman Gabrielle Gifford.
People are jumping to the idea that political rhetoric is to blame. But, there hasn't been any evidence to suggest that. It appears that the young man responsible for the shooting, was a nutter on his own run and not tied to anyone political action committee or side.
So, to me, rhetoric from the GOP or the Democrats aren't truly to blame. Now, the shooter may have gotten a few ideas from some sides of the divide, but it appears as if he had his mind made up on his issues from jump street.
It was so incredibly shocking that the cable news networks- CNN and MSNBC- were quick to jump to political rhetoric being to blame, before even having an idea on what was behind the shooting or who the shooter was themselves.
This is how media influences, or, at least, tries, to influence the debate and how it is structured. The irony of it all: is that the media is blaming the politicians for spewing rhetoric for insighting the shooter to violent action, but they are flaming the debate themselves by choosing sides and casting blame in a negative light. They didn't get away with it as some reporters with integrity, particularly Wolf Blitzer from CNN, caught it right away and asked them to change their tune-- much to the shock of the other talking heads who were trying to shade the debate.
It's not a good thing to hear these types of assassination attempts. It's also not goo to flame the debate and jump to conclusions. We will have to see how this develops over the next few weeks.
People are jumping to the idea that political rhetoric is to blame. But, there hasn't been any evidence to suggest that. It appears that the young man responsible for the shooting, was a nutter on his own run and not tied to anyone political action committee or side.
So, to me, rhetoric from the GOP or the Democrats aren't truly to blame. Now, the shooter may have gotten a few ideas from some sides of the divide, but it appears as if he had his mind made up on his issues from jump street.
It was so incredibly shocking that the cable news networks- CNN and MSNBC- were quick to jump to political rhetoric being to blame, before even having an idea on what was behind the shooting or who the shooter was themselves.
This is how media influences, or, at least, tries, to influence the debate and how it is structured. The irony of it all: is that the media is blaming the politicians for spewing rhetoric for insighting the shooter to violent action, but they are flaming the debate themselves by choosing sides and casting blame in a negative light. They didn't get away with it as some reporters with integrity, particularly Wolf Blitzer from CNN, caught it right away and asked them to change their tune-- much to the shock of the other talking heads who were trying to shade the debate.
It's not a good thing to hear these types of assassination attempts. It's also not goo to flame the debate and jump to conclusions. We will have to see how this develops over the next few weeks.
Friday, December 31, 2010
Oil is rising again...
Same ol'e story... See Business Week article.
Well, it seems as if the battle we had for 2009 and 2010- the battle on derivatives trading and futures, especially in the commodities market- will be the battle again for 2011.
Don't look for the GOP to make any substantial headway in this issue. They are more in line with Wall St. than the Democrats. Even though a few key staff from the Obama administration have gone on to work for Wall St. and he also has plucked a few Wall St. folks to work for his administration.
Will we see $5.00 a gallon oil by 2012? Yes, if the trend continues and nothing is done about the futures market for oil. What does that mean for the rest of the world? Well, for China is means higher costs for production, which means higher cost for the inexpensively made goods many people import from China.
For the Caribbean, it means another year of skyrocketing prices in almost everything. Damaging the prospects of strong growth. The Bahamas has been well over $4.00 for a gallon of gasoline. Everywhere, except for Trinidad, has seen oil prices at ghastly levels. In fact, Trinidad produces oil and they have kept their oil per gallon price to under $1.00. Can you imagine that? Gas for a buck US?
It isn't fair... but, blame the US congress for not acting more strongly on separating the oil market from the dollar. And, now, also blame Ben Bernanke for mulling- in open forum- the possibility of a $600 billion dollar injection of cash into the American economy- which no one has made the attempt to ensure that the flow of this injection, goes only to Main St. and not at all Wall St.
This is the life.
Well, it seems as if the battle we had for 2009 and 2010- the battle on derivatives trading and futures, especially in the commodities market- will be the battle again for 2011.
Don't look for the GOP to make any substantial headway in this issue. They are more in line with Wall St. than the Democrats. Even though a few key staff from the Obama administration have gone on to work for Wall St. and he also has plucked a few Wall St. folks to work for his administration.
Will we see $5.00 a gallon oil by 2012? Yes, if the trend continues and nothing is done about the futures market for oil. What does that mean for the rest of the world? Well, for China is means higher costs for production, which means higher cost for the inexpensively made goods many people import from China.
For the Caribbean, it means another year of skyrocketing prices in almost everything. Damaging the prospects of strong growth. The Bahamas has been well over $4.00 for a gallon of gasoline. Everywhere, except for Trinidad, has seen oil prices at ghastly levels. In fact, Trinidad produces oil and they have kept their oil per gallon price to under $1.00. Can you imagine that? Gas for a buck US?
It isn't fair... but, blame the US congress for not acting more strongly on separating the oil market from the dollar. And, now, also blame Ben Bernanke for mulling- in open forum- the possibility of a $600 billion dollar injection of cash into the American economy- which no one has made the attempt to ensure that the flow of this injection, goes only to Main St. and not at all Wall St.
This is the life.
Saturday, December 25, 2010
Merry Christmas folks..
From the staff- mainly me- from Global View Today, I wish to send out a very Merry Christmas and a Happy New Year!
Have a blast!
Blessings!
Youri
Have a blast!
Blessings!
Youri
Subscribe to:
Posts (Atom)
