I would recommend against buying long-term fixed-dollar investments, Buffett said at a public appearance in New Delhi. If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011 five years, 10 years or 20 years from now, I would tell you it will not.
On the other hand all those Hondas, Nissens, Toyotas, etc assembled and manufactured in the US will be at world competitive prices. Then watch the world erect trade barriers [aka regulations] to Made in America so we can see the saps we've been on 'free markets'.
[Maghrebia] The partial collapse of a Fez mosque on Thursday (April 21st) left three dead and two seriously injured, MAP reported. Rescue operations are under way in an effort to find other victims buried under the rubble. The Bab Essifer mosque closed for restoration last year, as part of Morocco's 245 million-euro plan to demolish or repair 10,000 mosques nationwide. The initiative followed the 2010 Meknes mosque minaret collapse that killed 41 worshippers.
Clearly, closing the Bab Essifer mosque was a good idea.
[Iran Press TV] Burkina Faso ...The country in west Africa that they put where Upper Volta used to be. Its capital is Oogadooga, or something like that. Its president is currently Blaise Compaoré, who took office in 1987 and may be in the process of being chased out now... President Blaise Compaore has declared himself the new defense minister days after protests and soldiers' mutiny led to violence in the West African country.
"The president (of Burkina Faso), commander in chief of the army, has assumed the function of defense and veterans minister," AFP quoted a government decree read on state television on Thursday.
Compaore has appointed a journalist, Luc Adolphe Tiao, as the country's new prime minister. Tiao has never had government experience.
The new head of the armed forces general staff, General Honore Nabere Traore, has said the country has found "adequate responses" to the demands of mutineers and that "the crises are heading toward a solution."
Chaos erupted in Burkina Faso last week when soldiers, including members of the presidential guard, mutinied over pay and bonuses. They fired shots in the air, looted shops and attacked people's cars.
Disturbances spread later when tens of thousands of people marched in the capital Ouagadougou, protesting against high living costs.
Outraged students attacked public places and set the headquarters of the ruling party on fire, reports said.
Since then, the president has sacked his government, ordered bonus payments to soldiers and replaced his army chief, all in an effort to quell the unrest.
Burkina Faso ranks 161 out of the 169 countries on the UN's Human Development Index which is a composite measure of quality of life.
In Burkina Faso, where economy depends heavily on agriculture, especially cotton, about half of the 16 million population live on less than 1,000 CFA francs (1.52 Euros) a day.
Expect to see this kind of thing in more and more countries as the cost of running them goes up and the food supply goes down. Anytime you put the population on the teat, it's impossible to wean them off.
[Daily Nation (Kenya)] The Malawi Government has given the British High Commissioner in that country, Fergus Cochrane-Dyet, three days to leave after allegedly describing President Bingu wa Mutharika as a dictator.
The British Foreign and Commonwealth Office said the British acting permanent under-secretary, Geoffrey Adams, on Tuesday summoned the Malawi charge d'affaires in London and conveyed the foreign secretary's concern over the planned move.
The matter arose following the discovery of a leaked diplomatic telegram sent from the British High Commission in Malawi's capital, Lilongwe, to London, in which Cochrane-Dyet spoke on Mutharika's leadership, thereby raising fears that political tension are likely to rise in 2014 after he steps down.
President Mutharika, however, praised the British Government for its "steadfast" support of the former colony.
In a statement for the birthday on Thursday of Queen Elizabeth II, Mutharika said he hoped their diplomatic relationship would endure.
Its about time - I'm tired of all these critters straying into my garden, eating the cabbage, beans, corn, rice and messing all over the place..... not to mention the smell of these flatulent beasts. Where is the Border Patrol when you need them?
/ sarc off
Oh .... this is Bulgaria and Turkey .... never mind
How bad was it to risk your life in relatively small wooden boats on a great ocean without keen knowledge of hurricanes, ice flows, and unkempt brigands, not to mention really unfriendly locals? Seems a whole lot of people played that game a couple of hundred years ago.
[Al Jazeera] Thai and Cambodian troops have clashed with gunfire and artillery shells, shattering a two-month lull in long-standing tensions over their disputed border.
The fighting broke out near Ta Muean Tom temple on the border in Pa Nom Dong Rak district of Thailand's Surin province on Friday.
Three Thai soldiers were killed, and 13 maimed, in the clash, Lieutenant-Colonel Siriya Khuangsirikul, a Thai military spokeswoman, said.
Lieutenant-General Chhum Socheat, a Cambodian defence ministry front man, said that three of his country's soldiers had been killed in the clash, and several others were maimed.
Both sides accused each other of firing first in festivities about 100km southwest of Preah Vihear temple, which is claimed by both Southeast Asian nations and saw an armed stand-off in February.
"There was gunfire coming from Cambodia's side," Yutthana Viriyakitti, deputy governor of the northeastern Thai province of Surin, told the Rooters news agency.
Socheat said that both sides used rocket launchers, machine guns and rifles in the clash.
"Cambodian soldiers fired with assault rifles at Thailand first and now they started to shell us with artillery and we took appropriate retaliation," General Prawit Wongsuwon, the Thai defence minister, told the AFP news agency.
Phay Siphan, a Cambodian government front man, termed the clash an "invasion" of Cambodian territory by Thailand.
Serm Chainarong, the governor of Surin, said authorities there were preparing to evacuate about 5,000 people.
Pich Sokhin, the governor of Cambodia's Oddar Meanchey province, said festivities erupted at around 06:30am (11:30 GMT) in areas around the Ta Moan and Ta Krabei temples, and that the Thais had started firing first.
Goodness knows that neither country has any other problems and nothing better to do...
Posted by: Steve White ||
04/23/2011 11:21 Comments ||
The Thai ruling caste is trying to play the nationalist card to divert attention that they are running things without the real consent of the government. It's just that the Thai ruling caste is in a better position than the Argies were with the Brits a couple years back as far as someone to pick on.
TRENTON Derek Fenton, the New Jersey Transit employee fired for burning pages of the Quran at the site of a proposed Islamic center near Ground Zero will get his job back, according to a settlement obtained by The Star-Ledger. The ACLU brought a suit on behalf of Fenton. The state offered the settlement which Fenton accepted.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.