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..There's a little Samuel Pepys in all of us..

Sunday, September 25, 2011

A couple of items of note..

Perhaps the most influential of the Arab nations, Saudi Arabia, has finally entered the modern world.. King Abdullah has granted the franchise to women.. and further, to their right to sit on the highly influential Shura Council..
To date, the kingdom has been enforcing a strict version of Sunni Islamic law..
This 'Westernisation' process through North Africa and Asia has sprung up with amazing rapidity, and in fact, flies directly in the face of centuries of tradition..
Just goes to show what incentives cars, larger salaries, education, and in no small part, the Internet, has been..
Betimes the old Chinese saying comes to mind though..
"May you not live in interesting times.."

Now, private talks have been ongoing, to allow Greece to default on next months interest payments, while still remaining in the Euro.. But one must question the wisdom of this course of action.. Christine Laguard has admitted, that should those who have had 'bail-out' loans begin to default, or should another country declare themselves as in need, the IMF would not have the means to pull more fat from the fire..
However, It is believed that policymakers feel they need to concentrate on recapitalising banks and boosting the funds of the European Financial Stability Facility.. the plan to increase the EFSF's financial firepower could see the money available to bail out EU banks and member states rise from 440bn Euros to about 2trillion Euros..
He added that the plan could also enable the European Central Bank (ECB) to buy more Italian and Spanish bonds to prevent those two countries needing a full bailout..
There appears to be little point to continuously bemoan the good money being tossed after bad.. it is a course the EU appears doggedly set on, to preserve the tattered integrity of this grand experiment..
And meanwhile, there is not a nation on this earth that's not watching with some trepidation.. for if.. when..the European Union ends.. we'll need all those bureaucrats which have been made redundant..

And, the next area of conflict to keep the engine of war turning over, could well be Pakistan, especially with the growing tensions at the Afghani border..
Afghan defense officials warned Pakistan on Sunday to stop firing rockets and heavy artillery into the northeast of the country or the military will respond with force.. Pakistan denied it was responsible..
Separately, a U.S. official confirmed an attack on a facility used by American officials in Kabul..
"The situation is fluid, and the investigation is ongoing," the official said, speaking on condition of anonymity because of the sensitivity of the situation..
It's been ten years since the combined forces of Britain and the US drove the Taliban from power..

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