Mali war turns musicians into military





























French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


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STORY HIGHLIGHTS


  • Until recently, Mali was better known for its music, mosques and manuscripts than for conflict

  • Andy Morgan: Music and culture are Mali's shop-window to the world, its primary asset

  • Conflict turns musicians, artists and writers into frontline soldiers, says Morgan

  • Morgan: In Mali they're still singing, still writing, still fighting




Editor's note: Andy Morgan recently ended a seven-year stint as manager of Touareg rockers Tinariwen, leaving the music industry after 29 years to concentrate on writing. He has contributed features and reviews to The Independent, fRoots, Songlines, NME and Rolling Stone, and is currently working on books about the Sahara and West Africa.


(CNN) -- It's safe to assume that most people outside West Africa had never even heard of Mali until a few weeks ago. If they had, there's a good chance it was thanks to some beautifully flowing song or instrumental by one of the country's many world-renowned musicians: Salif Keita, Tinariwen, Oumou Sangare, Toumani Diabate, Rokia Traore... the list is long.


If it wasn't music then it might have been Mali's priceless medieval manuscripts that drew their attention, or its majestic mud-built mosques, its filmmakers, poets, photographers and writers.


Like Jamaica or Ireland, Mali's music and culture are its primary asset, its shop-window to the world, its "gold and cotton" as one famous musician put it.



Andy Morgan is a world music journalist and former manager of Touareg band Tinariwen.

Andy Morgan is a world music journalist and former manager of Touareg band Tinariwen.



Certainly, very few people would have included the words "Mali" and "Islamism" in the same sentence before April last year, when Islamist militia took control of over two thirds of the country and started amputating the hands of thieves, stoning adulterers and whipping women who happened to venture out into the streets 'improperly' dressed.


With the arrival of French forces and the mass hostage seizure at the Algerian oil facility of In Amenas, Mali and Islamism are two words that now appear not only to be inextricably linked but on the front page.


Six reasons why Mali matters








Of course, the association goes back much further than April 2012.


Al Qaeda and the Islamic Maghreb (AQIM) moved south from Algeria and into Mali's remote northern deserts over a decade ago. It proceeded to amass a fortune from kidnapping, smuggling and money laundering whilst undermining the local economy, disrupting social relations and destroying the local tourist industry.


It brought along a hardcore form of Islam inspired by Wahabism and a hatred of the West that was previously almost unheard of in Mali, a country which has long contented itself with gentler and more tolerant brands of Sufism richly tinted by local pre-Islamic beliefs.


AQIM also managed to hijack a rebellion against the central government in Bamako by the nomadic Touareg people of the north that had been grinding on and off for the best part of fifty years.


This conflict, which first erupted in 1963, was always about power, influence and the self-determination of a marginalized people. It was also about preserving the Touareg's unique Berber culture. It had never been about imposing hard line Islam on anyone. But from round 2006 onwards, Touareg nationalism and Islamic terrorism became inextricably confused with each other.


Why Africa backs French in Mali


Indeed, there's a widespread theory, confirmed by the word of just a few bit-players in the drama but lacking any more conclusive evidence, that certain parties who were utterly averse to the idea of an independent Touareg state -- the Malian government, Algeria and others -- either deliberately implanted AQIM in the region, or at the very least tolerated its presence there.


It was hoped that the strategy would attract military aid and doom the Touareg nationalist project to failure. The theory might seem strange given the damage that terrorism has wrought in both Mali and Algeria but most Touareg I know accept it as gospel. We'll probably never know the whole truth.








What's certain is that the Sahara is one of the hardest places on earth for an outsider to understand. Its interlocking cogs of power and influence -- geopolitical, regional, governmental, tribal, mineral, criminal, spiritual, clan and family -- are fiendishly complex.


No foreign intervention can hope to achieve any long-term benefits if it cannot get to grips with the underlying political and social mechanism of this vast region.


2011 brought the Arab Spring and the end of Muammar Gadhafi, who had long been a stabilizing force in the Sahel, and both a promoter and a hinderer of Touareg nationalist ambitious. His weapons arsenals were opened up to armed groups of every stripe and in January 2012, the Touareg used this opportunity to reignite their rebellion in northern Mali. But it was al Qaeda in the Islamic Maghreb who eventually took control, either directly or through a network of alliances.


Now Mali's hopes lie with the French, who intervened on Friday January 11, after months of diplomatic wrangling at the U.N. and elsewhere.


France 'not a pacifist nation'


So the world has a new front on the global war on terror and France has a new battle to fight in Africa.


Within northern Mali itself, however, and throughout the Muslim world, this is not seen as a war on terror but as a cultural conflict, one that pits a group of people who feel that the future of their society will be best served by rejecting Western liberal values and returning to the core tenets of Islam against another group who believe in religious tolerance, secularism, democracy and music.


This conflict turns musicians, artists and writers into frontline soldiers.


Saudi Arabia destroyed its mausoleums and silenced its musicians decades, even centuries, ago. In the Algerian civil war of the 1990s, many musicians, writers and cultural figures were killed, prompting others to flee overseas.


In Mali they're still singing, still writing, still fighting, for the time being at least.


In this new battleground in the cultural wars of the Muslim world, a distant mirror of the religious wars that shook Europe in the 15th and 16th centuries, Malian musicians are taking a stand. That's why music matters. That's why Mali matters.


The opinions expressed in this commentary are solely those of Andy Morgan.






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Ex-Discovery Exec Peter Liguori Named New Tribune CEO






NEW YORK (TheWrap.com) – Former Fox and Discovery executive Peter Liguori has been named the new CEO of Tribune Company.


In its first board of directors meeting since emerging from a bankruptcy, Tribune Co. also named investor Bruce Karsh as its chairman. The new Tribune board includes Ross Levinsohn, the former interim CEO of Yahoo who this week was named CEO of Prometheus, the parent company of the Hollywood Reporter.






Eddy Hartenstein, who had served as CEO of Tribune for the last 18 months, will stay with the company as publisher/CEO of the Los Angeles Times Media Group. He will remain on the company’s board and serve as a special adviser to Ligouri.


Liguori’s appointment had been long expected. Reuters reported in September that he was being eyed as the company’s new CEO.


Liguori gave interviews to the two largest Tribune papers, the Los Angeles Times and the Chicago Tribune. In his Times interview, he was asked if the papers could be sold.


“There are people interested in the newspapers,” he said. “It is my fiduciary responsibility to hear them out and see if in fact their interest is real and their commitment is concomitant with the value of these newspapers. But that runs parallel to my working with you guys on running the business on a day-to-day basis to maximize the value.”


Liguori became an operating executive at Carlyle, a private equity firm, in July. At the company, he provided guidance to the telecommunications and media team. He was also up for the post of entertainment and digital media president at Microsoft.


That job went in September to former CBS executive Nancy Tellem.


Liguori was previously chief operating officer of Discovery Communications, serving as the cable network’s No. 2 executive from 2009 to the end of 2011. He served as interim CEO of OWN beginning in May 2011, after the dismissal Christina Norman.


Within two months, Oprah Winfrey named herself CEO of OWN. In November, Liguori said he was leaving Discovery, and the company said no replacement would be named.


Prior to joining Discovery, he spent 13 years with Fox Entertainment, serving as president and then chairman of Entertainment for Fox Broadcasting Company from 2005 to 2009.


He was previously president and CEO of News Corp.’s FX Networks.


TV News Headlines – Yahoo! News





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Egypt’s foreign reserves rise after Qatar deposit






CAIRO (Reuters) – Egypt‘s foreign reserves have risen to $ 15.5 billion, helped by a deposit by Qatar to support the economy, its finance minister said, although they are still close to critical levels after being run down to defend Egypt’s currency.


The central bank put reserves at $ 15.015 billion at the end of December. It has implemented a new regime for buying and selling foreign currency and currency controls to try to stem a fall in reserves, which have tumbled from $ 36 billion before the uprising that toppled Hosni Mubarak in early 2011.






Finance Minister Al-Mursi Al-Sayed Hegazy told reporters about the new reserve figure on Saturday without giving further details about the deposit by Qatar, a generous donor to Egypt.


Qatar said earlier this month it had lent Egypt $ 2 billion and given it $ 500 million outright. It has pledged to stand by Egypt to help support the nation, which has been battered by political turmoil and violence that has scared away investors.


Hegazy said reserves should rise further in future after approval of a draft law allowing Egypt to issue sovereign Islamic bonds, known as sukuk. The draft law was passed by cabinet this week but needs the backing of the Islamist-led upper house of parliament.


The minister said in December that Qatar had deposited $ 500 million, although the reserve figure for that month was still around $ 15 billion, the same as at the end of November.


The central bank has said reserves have reached a critical level. At $ 15 billion, reserves cover roughly three months of imports.


Egypt has spent about $ 21 billion of its reserves since the start of 2011 when the uprising against Mubarak erupted, plus several billion dollars in additional aid and support from Qatar and other donors to defend the Egyptian pound.


Cairo is negotiating a $ 4.8 billion loan from the International Monetary Fund. After the deal was agreed in principle in November, it was delayed after Egypt postponed some unpopular tax rises viewed as needed to secure the IMF funds.


An IMF team is expected to return to Egypt in the coming weeks for fresh discussions.


Economy News Headlines – Yahoo! News





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Japan government, Bank of Japan “getting closer” on monetary policy statement






TOKYO (Reuters) – Japanese Economics Minister Akira Amari said on Sunday that the government and the Bank of Japan were getting closer to an agreement on a joint statement on monetary policy expected to be issued next week.


The government has been pressuring the BOJ to adopt a 2 percent inflation target and make job creation part of its monetary policy mandate.






“(A difference between )the government and the BOJ is narrowing about the contents of the joint statement, but I can not disclose details,” Amari told public broadcaster NHK.


“It is obviously necessary to share common policy goals between the government and the BOJ and strengthen cooperation.”


Amari said it was important to try to beat deflation by setting up inflation goals.


Sources familiar with the BOJ’s thinking told Reuters that the government and the BOJ had agreed to set 2 percent inflation as a new target at its next rate review on January 21-22, when the central bank will also consider making an open-ended commitment to buy assets until the target is in sight.


Amari also said the joint statement would likely not include the phrase “long-term” to describe the timeline for achieving the inflation target.


(Reporting by Kaori Kaneko and Yuko Yoshikawa; Editing by Nick Macfie)


Business & Finance News – Yahoo! Finance




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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.


The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.


Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.


Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.


"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.


Major technology companies also report next week, but the bar for the sector has been lowered even further.


Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.


Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.


Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.


CASH POURING IN, HOUSING DATA COULD HELP


Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.


The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.


"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.


"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."


Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.


Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.


The new home sales report on Friday is expected to show a 2.1 percent increase.


The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.


Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.


The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.


"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.


"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."


(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)



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Te'o tells ESPN: Not involved in creating hoax


NEW YORK (AP) — Notre Dame linebacker Manti Te'o insisted he had no role in the bizarre hoax involving his "dead" girlfriend and told ESPN on Friday night that he was duped by a person who has since apologized to him.


In an off-camera interview Friday with ESPN, Te'o said Ronaiah Tuiasosopo, a 22-year-old acquaintance who lives in California, contacted him two days ago and confessed to the prank. Deadspin.com first exposed the scheme on Wednesday and indicated Tuiasosopo was involved in it.


"I wasn't faking it," ESPN quoted Te'o as saying during the 2 1-2 hour interview. "I wasn't part of this. When they hear the facts they'll know. They'll know there is no way I could be a part of this."


Te'o said he first met Tuiasosopo in person after the Southern California game in November. According to the linebacker, Tuiasosopo told him he was the cousin of Lennay Kekua, the woman who Te'o believed he had fallen for through Internet chats and long phone conversations. But Kekua never existed.


"Two guys and a girl are responsible for the whole thing," Te'o told ESPN. "According to Ronaiah, Ronaiah's one."


The Tuiasosopo family has declined several interview requests from The Associated Press since Wednesday.


Te'o said he never met Kekua face-to-face and when he tried to speak with her via Skype and video phone calls, the picture was blocked. Still, he didn't figure out the ruse.


He also told ESPN that he lied to his father about having met Kekua. To cover that up, he apparently lied to everyone else.


After he was told Kekua had died of leukemia in early September, Te'o admitted he misled the public about the nature of the "relationship" because he was uncomfortable saying it was purely an electronic romance.


"That goes back to what I did with my dad. I knew that. I even knew that it was crazy that I was with somebody that I didn't meet," he said. "So I kind of tailored my stories to have people think that, yeah, he met her before she passed away."


Te'o's first interview since the story broke came at the end of a day that started with Notre Dame posting a podcast of athletic director Jack Swarbrick's radio show, during which he implored the Heisman Trophy runner-up to speak publicly about the episode. Already, it had turned the feel-good story line of the college football season into a dark and strange one.


Te'o took Notre Dame's advice, but this was no Lance Armstrong-with-Oprah Winfrey made for TV mea culpa.


ESPN conducted the interview with Te'o at the IMG Academy in Bradenton, Fla., where Te'o is preparing for the NFL draft and hopes to be among the first-round picks. The network produced only still photos of the interview, with reporter Jeremy Schaap sitting at large table with the linebacker. Schaap then provided details on "Sports Center" and a story was posted on ESPN.com.


Some wondered whether Te'o had been in on the fake girlfriend scheme in an attempt to gain positive publicity and attention. Schaap said Te'o firmly denied that. The nation's best defender also said the hoax affected his play in the BCS national championship, a 42-14 loss to Alabama in which he performed poorly.


Te'o told ESPN that he wasn't entirely sure he was the victim of a hoax until earlier this week, just two days ago, when Tuiasosopo apologized. As Notre Dame officials said earlier, he did get a call from the person posing as Kekua on Dec. 6 — but it was to tell him she had not died at all, and to carry on their courtship.


Te'o was confused. He finally confided in his parents over Christmas break in his home state of Hawaii and told Notre Dame coaches what was going on Dec. 26, according to Swarbrick.


"My relationship with Lennay wasn't a four-year relationship," Te'o said. "There were blocks and times and periods in which we would talk and then it would end," but he offered her a "shoulder to cry on" when she told him her father had died.


Te'o said he was told Kekua was in a coma following an April 28 car accident, but she awoke the following month. He never made an attempt to visit her in the hospital.


"It never really crossed my mind. I don't know. I was in school," he told ESPN.


Then came the day in September when his grandmother died and the woman known as Kekua reached out to him.


"I was angry. I didn't want to be bothered," he told ESPN. "We got in an argument. She was saying, you know, I'm trying to be here for you. I didn't want to be bothered. I wanted to be left alone. I just wanted to be by myself. Last thing she told me was 'Just know I love you.'"


Te'o was told later that day Kekua had died.


ESPN did not play audio of the interview, relying instead on descriptions of Te'o and his statements from reporter Schaap. Audio clips were posted later. According to the reporter, Te'o was calm, and had no interest in going on camera.


"He was very relieved, he told me at the end of it, to have had a chance to tell his story," Schaap said.


Te'o told ESPN the relationship with Kekua dated to his freshman year at Notre Dame, the 2009-10 season, and they met via Facebook.


Te'o also provided details of just how devilish the hoax was — how Kekua spoke to his mother about Mormonism, how he could hear a supposed ventilator when she was in her coma, even how she sought his checking account number so she could send him some money (he declined).


At the Notre Dame student union early Saturday, many people didn't even seem to notice the story about Te'o playing out on television.


In the lounge section, six people watched ESPN as the report aired on TVs on opposite sides of the room and several said they weren't satisfied with what they saw and heard.


Tony Stedge, a freshman from Seattle, said he supports Te'o, but he'd still like to hear from the star player.


"I think he should be able to do it in his own time, whenever he is comfortable," he said.


Te'o's comments to ESPN though made it sound as if he is ready to put this all behind him — and Tuiasosopo.


"I hope he learns," Te'o said. "I hope he understands what he's done. I don't wish an ill thing to somebody. I just hope he learns. I think embarrassment is big enough."


He added: "I'll be OK. As long as my family's OK, I'll be fine."


___


Associated Press writer Tom Coyne in South Bend, Ind., contributed to this report.


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Why Africa backs French in Mali





























French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


French-led Mali offensive


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STORY HIGHLIGHTS


  • French intervention in Mali could be turning point in relationship with Africa, writes Lansana Gberie

  • France's meddling to bolster puppet regimes in the past has outraged Africans, he argues

  • He says few in Africa would label the French action in Mali as 'neo-colonial mission creep'

  • Lansana: 'Africa's weakness has been exposed by the might of a foreign power'




Editor's note: Dr. Lansana Gberie is a specialist on African peace and security issues. He is the author of "A Dirty War in West Africa: The RUF and the Destruction of Sierra Leone." He is from Sierra Leone and lives in New York.


(CNN) -- Operation Serval, France's swift military intervention to roll back advances made by Jihadist elements who had hijacked a separatist movement in northern Mali, could be a turning point in the ex-colonialist's relationship with Africa.


It is not, after all, every day that you hear a senior official of the African Union (AU) refer to a former European colonial power in Africa as "a brotherly nation," as Ambroise Niyonsaba, the African Union's special representative in Ivory Coast, described France on 14 January, while hailing the European nation's military strikes in Mali.


France's persistent meddling to bolster puppet regimes or unseat inconvenient ones was often the cause of much outrage among African leaders and intellectuals. But by robustly taking on the Islamist forces that for many months now have imposed a regime of terror in northern Mali, France is doing exactly what African governments would like to have done.



Lansana Gberie

Lansana Gberie



This is because the Movement for Unity and Jihad in West Africa (MUJAO), Ansar Dine and al Qaeda in the Islamic Maghreb (AQIM) are a far greater threat to many African states than they ever would be to France or Europe.


See also: What's behind Mali instability?


Moreover, the main underlying issues that led to this situation -- the separatist rebellion by Mali's Tuareg, under the banner of the National Movement for the Liberation of Azawad (MNLA), who seized the northern half of the country and declared it independent of Mali shortly after a most ill-timed military coup on 22 March 2012 -- is anathema to the African Union and the Economic Community of West African States (ECOWAS).


Successful separatism by an ethnic minority, it is believed, would only encourage the emergence of more separatist movements in a continent where many of the countries were cobbled together from disparate groups by Europeans not so long ago.










But the foreign Islamists who had been allies to the Tuaregs at the start of their rebellion had effectively sidelined the MNLA by July last year, and have since been exercising tomcatting powers over the peasants in the area, to whom the puritanical brand of Islam being promoted by the Islamists is alien.


ECOWAS, which is dominated by Nigeria -- formerly France's chief hegemonic foe in West Africa -- in August last year submitted a note verbale with a "strategic concept" to the U.N. Security Council, detailing plans for an intervention force to defeat the Islamists in Mali and reunify the country.


ECOWAS wanted the U.N. to bankroll the operation, which would include the deployment a 3,245-strong force -- to which Nigeria (694), Togo (581), Niger (541) and Senegal (350) would be the biggest contributors -- at a cost of $410 million a year. The note stated that the objective of the Islamists in northern Mali was to "create a safe haven" in that country from which to coordinate "continental terrorist networks, including AQIM, MUJAO, Boko Haram [in Nigeria] and Al-Shabaab [in Somalia]."


Despite compelling evidence of the threat the Islamists pose to international peace and security, the U.N. has not been able to agree on funding what essentially would be a military offensive. U.N. Security Council resolution 2085, passed on 20 December last year, only agreed to a voluntary contribution and the setting up of a trust fund, and requested the secretary-general "develop and refine options within 30 days" in this regard. The deadline should be 20 January.


See also: Six reasons events in Mali matter


It is partly because of this U.N. inaction that few in Africa would label the French action in Mali as another neo-colonial mission creep.


If the Islamists had been allowed to capture the very strategic town of Sevaré, as they seemed intent on doing, they would have captured the only airstrip in Mali (apart from the airport in Bamako) capable of handling heavy cargo planes, and they would have been poised to attack the more populated south of the country.



Africa's weakness has, once again, been exposed by the might of a foreign power.
Lansana Gberie



Those Africans who would be critical of the French are probably stunned to embarrassment: Africa's weakness has, once again, been exposed by the might of a foreign power.


Watch video: French troops welcomed in Mali


Africans, however, can perhaps take consolation in the fact that the current situation in Mali was partially created by the NATO action in Libya in 2010, which France spearheaded. A large number of the well-armed Islamists and Tuareg separatists had fought in the forces of former Libyan leader Moammar Gadhafi, and then left to join the MNLA in northern Mali after Gadhafi fell.


They brought with them advanced weapons, including shoulder-launched anti-aircraft missiles from Libya; and two new Jihadist terrorist groups active in northern Mali right now, Ansar Dine and MUJAO, were formed out of these forces.


Many African states had an ambivalent attitude towards Gadhafi, but few rejoiced when he was ousted and killed in the most squalid condition.


A number of African countries, Nigeria included, have started to deploy troops in Mali alongside the French, and ECOWAS has stated the objective as the complete liberation of the north from the Islamists.


The Islamists are clearly not a pushover; though they number between 2,000 and 3,000 they are battle-hardened and fanatically driven, and will likely hold on for some time to come.


The question now is: what happens after, as is almost certain, France begins to wind down its forces, leaving the African troops in Mali?


Nigeria, which almost single-handedly funded previous ECOWAS interventions (in Liberia and Sierra Leone in the 1990s, costing billions of dollars and hundreds of Nigerian troops), has been reluctant to fund such expensive missions since it became democratic.


See also: Nigerians waiting for 'African Spring'


Its civilian regimes have to be more accountable to their citizens than the military regimes of the 1990s, and Nigeria has pressing domestic challenges. Foreign military intervention is no longer popular in the country, though the links between the northern Mali Islamists and the destructive Boko Haram could be used as a strategic justification for intervention in Mali.


The funding issue, however, will become more and more urgent in the coming weeks and months, and the U.N. must find a sustainable solution beyond a call for voluntary contributions by member states.


The opinions expressed in this commentary are solely those of Lansana Gberie.






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WGA’s new media nominees include “Dexter,” “Walking Dead” projects






LOS ANGELES (TheWrap.com) – The writers of projects based on cable TV hits “Dexter” and “The Walking Dead” were among the nominees for outstanding achievement in writing for new media and videogames announced Wednesday by the Writers Guild of America.


John Esposito was nominated for “The Walking Dead: Cold Storage” and Scott Reynolds was nominated for “Dexter Early Cuts” in the derivative new media category.






To be eligible for awards, a stand-alone new media program or episodes written for a new media series must have first been exhibited on a new media platform – from the Internet to cell phones – between December 1, 2011 and November 30, 2012.


In original new media, nominations went to Jay Rodan for “Lauren,” Michael Cyril Creighton for “Jack in a Box,” Cory Cavin, Bill G. Grandberg and Josh Lay for “Model Wife,” and Morgan Evans for “The Untitled Webseries That Morgan Evans Is Doing.”


In videogame writing, the nominees were Marv Wolfman for “Disney Epic Mickey 2: The Power of Two,” Bruce Feirstein for Activision’s “007 Legends,” Christopher Schlerf for Microsoft’s “Halo 4,” John Garvin for Sony’s “Uncharted: Golden Abyss,” Richard Farrese and Jill Murray for Ubisoft’s “Assassin’s Creed III: Liberation,” and the team behind “Assassin’s Creed III.”


Winners will be honored at the 2013 Writers Guild Awards on Sunday, February 17, at simultaneous ceremonies in Los Angeles and New York.


TV News Headlines – Yahoo! News




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Fed ‘underestimated 2007 crisis’







The US Federal Reserve may have underestimated the looming 2007 global financial crisis, released transcripts from its meetings that year have shown.






The documents suggested Fed Governor Ben Bernanke wanted to hold off from addressing rising panic in the markets.


He said in December of that year that he did not “expect insolvency or near insolvency among major financial institutions”.


Yet many US banks and other financial firms had to be rescued in 2008.


With most of the country’s major lenders discovering billion-dollar losses linked to bad mortgage debt as the US housing market collapsed, investment banks such as Bear Stearns needed government funds ahead of being sold off cheaply, while another, Lehman Brothers, was ultimately closed down.


In 2008, the US government also had to bailout the federal mortgage agencies, Fannie Mae and Freddie Mac.


Although the financial crisis started in the US as a result of the sharp downturn in the country’s housing market, it quickly spread around the world as US mortgage debt had been repackaged and sold to banks and other financial institutions around the globe.


‘No indication’


The released Fed documents from 2007 also suggest current US Treasury Secretary Timothy Geithner underestimated the crisis.


Mr Geithner, who at the time was president of the New York Federal Reserve Bank, said in August of that year: “We have no indication that the major, more diversified institutions are facing any funding pressure.”


Meanwhile in October 2007 Janet Yellen, another member of the Fed’s most senior committee, the Federal Open Market Committee, said: “I think the most likely outcome is that the economy will move forward toward a soft landing.”


The Fed did, however, take some action in 2007 to try to resolve the growing problems in the financial sector, cutting US interest rates three times.


In September it reduced its core rate to 4.75% from 5.25%, where it had been for more than a year. Two other rate cuts followed by the end of the year, before numerous further reductions in 2008.


And Ms Yellen said in December that “the possibilities of a credit crunch developing and of the economy slipping into a recession seem all too real”.


US rates currently stand at between 0% and 0.25%, where they have been since December 2008.


BBC News – Business





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Why New Credit Card Regulations Can Make Or Break A Small Business






By the time you read the words “business credit card laws,” you might very well be half asleep and no one would blame you. The thing is, small business owners need to know what’s going on in the credit card world if they want to maximize profits and ultimately avoid going belly up.


In the Past
You see, small business credit cards are essentially living in the past. Because they aren’t covered by the personal finance law passed in 2009 to reform the system, they’re still subject to the same crooked tactics made commonplace by banks prior to the recession. That includes double-cycle billing, payment allocation designed to cost you the maximum amount of money, and most importantly, arbitrary interest rate changes for existing balances.






That last part makes small business credit cards very unreliable funding vehicles, as they cost you the debt stability required to confidently allocate funds. How are you supposed to operate when you could wake up one day to drastically higher costs thanks to a bank executive raising interest rates in order to earn a bonus?


It’s therefore fair to wonder where you’re supposed to turn, considering that you neither want to sacrifice debt stability by using a small business credit card nor protection from personal liability by using a general-consumer credit card.


This is where things get particularly interesting. A lot of folks believe that business credit cards insulate their personal finances from the economic vagaries of running a small business, but that’s merely a common falsehood.


All of the major credit card issuers hold small business owners personally liable for debt. It makes sense when you think about it, since they pull your personal credit card reports when making approval decisions and require that you list your Social Security Number on applications.


The Solution
There is indeed an effective solution to your plastic predicament. Since a general-consumer credit card won’t increase your personal liability any more than a business card but will confer CARD Act protections upon you, you should use one for funding purposes. Not only will this afford you debt stability, if you can score one of the 0% offers currently on the market, you’ll also be able to avoid interest for a year (or more) and therefore save a lot of money (read the fine print on these deals as you could be hit with higher interest once the interest-free period ends).


But what about rewards? Well, since small business credit cards offer unparalleled business-oriented rewards, help you track company spending, and give you the power to set spending limits for employee authorized users, you should use one to facilitate everyday expenses. Debt stability won’t be an issue because you should always pay for such purchases in full each billing period.


Using two cards, specifically targeted to different types of transactions, will enable you to cobble together a far better collection of terms than you’d ever be able to find on a single card.


The Bottom Line
Ultimately, heeding this advice will make the road to small business success somewhat less bumpy. It won’t automatically turn your company into a force to be reckoned with, but it will help you save hundreds of dollars and attain a clearer perspective on your company’s operations. I don’t have to tell you how much that’s worth to a budding small business, especially in today’s economy.


More From Investopedia


Yahoo! Finance – Personal Finance





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