In a rare televised speech, Saudi Arabia’s king said he was enacting a $67 billion package that included raises and loans for Saudis.
The AP called King Abdullah’s offer, “the Arab world’s most expensive attempt to appease residents inspired by the unrest that has swept two leaders from power.”
Reuters reports on the details of the package:
Amongst a wave of new spending, the decrees outlined a boost in welfare benefits, bonuses for public sector workers, including the army, and a massive drive to build new housing.
In addition, the king ordered the creation of 60,000 security jobs within the Read more…
As we watch the Egyptian government concede to the demands of their citizens and closely follow the unraveling of the North African governments, one must acknowledge the millions of youth who are courageously going against the grain by breaking down social and political barriers. The global disenfranchisement of youth in underserved communities is creating a perfect storm for additional revolutions to occur around the world.
As a South African, I wonder how South Africa’s leadership might respond if it were to reach a similar tipping point with its disenfranchised youth — where conservative estimates tell us that more than half of South Africans under the age of 25 are unemployed. I do believe it would be foolish for South African leaders to think that these unemployed and disconnected youth may not one day ignite a revolution.
As signs of discontentment emerge at Read more…
This is just the first step in a long line for the US on not receiving any oil that is pumped from any country in the Middle East resulting in third world status. Lindsey Williams mentioned it on the Alex Jones Show almost a month ago.
http://rt.com/news/libya-oil-gaddafi-arab/
Libyan leader Muammar Gaddafi dismissed his Western partners in an exclusive interview to RT, saying he will give all the country’s oil contracts to Russia, China and India.
“We do not believe the West any longer, that is why we invite Russian, Chinese and Indian companies to invest in Libya’s oil and construction spheres” Gaddafi told RT in an exclusive interview about how he sees the current situation in Libya and the international reaction to events there.
“He condemned the Western powers, saying Germany was the only country with a chance of doing business with Libyan oil in the future. “We do not trust their firms – they took part in the conspiracy against us.”
The Libyan leader also added that as far as he is concerned, the Arab League has ceased to exist since it stood up against his country.
According to Gaddafi, the recent upheavals in his country were a “minor event” planned by Al Qaeda that will soon end.
Meanwile, Libyan Deputy Foreign Minister Khaled Kaim promised that Libya will honor Read more…
(AFP)
TRIPOLI — Libyan strongman Moamer Kadhafi said he was determined to crush the month-old uprising against him, while at the UN, proposals for a no-fly zone to ground his warplanes met stiff resistance.
And as Kadhafi’s army announced it would soon move against the rebel bastion of Benghazi, anti-aircraft batteries and heavy artillery opened up in the rebel stronghold.
“If this is a foreign plot, we will crush it; if it is a domestic plot, we will crush it,” said Kadhafi, who has repeatedly blamed Al-Qaeda and Western powers for the revolt against his four decades of rule.
Late Tuesday, Kadhafi’s army said it would soon move on the opposition stronghold of Benghazi, 1,000 kilometres (600 miles) east of Tripoli, Libya’s second city.
A statement addressed to its residents said: “The armed forces are arriving to ensure your security, undo the injustice done to you, protect you, restore calm and bring life back to normal.
“This is a humanitarian operation being undertaken in your interests, and is not aimed at Read more…
Saudi Arabian forces were preparing to enter Bahrain after clashes between police and protesters. Photograph: James Lawler Duggan/AFP/Getty Images Saudi forces are preparing to intervene in neighbouring Bahrain, after a day of clashes between police and protesters who mounted the most serious challenge to the island’s royal family since demonstrations began a month ago.
The Crown Prince of Bahrain is expected to formally invite security forces from Saudi Arabia into his country today, as part of a request for support from other members of the six-member Gulf Co-operation Council.
Thousands of demonstrators on Read more…
In a stark rebuke to one of its members, the Arab League urged the United Nations on Saturday to impose a no-fly zone over Libya.
The move came even as forces loyal to Moammar Kadafi advanced eastward toward the strategic city of Port Brega in an intensifying onslaught against out-gunned rebels, who retreated from airstrikes and rocket barrages that thundered across deserts and coastal highways.
The Libyan army has made substantial gains in recent attacks, driving insurgents from the country’s largest petrochemical refinery near Uqaylah on Saturday and routing them earlier from Ras Lanuf, about 25 miles west, and Zawiya in the west of the country. The opposition has Read more…
Moscow is concerned that the turmoil in the Arab world aggravated by western interference may destabilise Russia’s restive North Caucasus and former Soviet Central Asia
-Although Russian leaders have not named any country, experts and politicians have pointed a finger at the United States.
“The Arab revolt may have begun as spontaneous protests, but the West has now moved to take the endgame under its control,” says Konstantin Kosachyov, chairman of the Foreign Affairs Committee of the State Duma. Analysts say the U.S. is using the same techniques in the Arab East it earlier used in staging “coloured revolutions” in the former Soviet Union — in Georgia, Ukraine and Kyrgyzstan. They noted the role of CIA-linked foundations such as the Freedom House and the National Endowment for Democracy (NED), in supporting and training civil activists and Twitter and Facebook organisers of the protests in Egypt and Tunisia.
“The events [in the Arab world] bear all the traits of a total ‘network war’ (netwar) as formulated by John Arquilla and David Ronfeldt of the RAND Corporation back in 1996,” says Alexander Knyazev of the Moscow-based Institute of Oriental Read more…
When cycle forecaster Charles Nenner told the Fox Business network yesterday that the Dow Jones was set to collapse to the 5,000 level on the back of a “major war” that will shake the globe at the end of 2012, hosts David Asman and Elizabeth MacDonald sat in stunned silence.
Nenner, a former technical analyst for Goldman Sachs, is head of the Charles Nanner Research Center, which purports to be able to predict market trends with a computer program based around pattern forecasting and securities analysis. Nenner predicted the stock market and housing collapse over two years before the fall of Read more…
The following special report on oil (LA Blog Only, leverageacademy.com/blog) discusses the oil market, providing reasons to be bullish on the commodity given unrest in the Middle East, Nigerian elections in April, and rising domestic consumption in oil producing countries, including Venezuela, Nigeria, and Iran. According to the article, the rise of oil prices could easily cause the next recession. In 2010, soft commodities outperformed energy, but that will certainly change given the political headwinds abroad and continued monetary easing in the developed world. Therefore, the Bernanke “Put,” combined with political unrest will be to blame for continued sharp price increases in the energy commodity sector.
Emerging market demand, especially in China, which now consumes nearly 10mm barrels of oil per day, will also be driving the demand side of the equation. Money supply in China was also up 19.7% in 2010, because of the rapid Read more…
When future historians attempt to trace the origins of the current turmoil in the Middle East, they will find that one of the earliest of the many explosions of rage occurred in Algeria and was triggered by the rising price of food. On January 5, young protesters in Algiers, Oran and other major cities blocked roads, attacked police stations and burned stores in demonstrations against soaring food prices. Other concerns—high unemployment, pervasive corruption, lack of housing—also aroused their ire, but food costs provided the original impulse. As the epicenter of youthful protest moved elsewhere, first to Tunisia and then to Egypt and other countries, the food price issue was subordinated to more explicitly political demands, but it never disappeared. Indeed, the rising cost of food has been a major theme of anti government demonstrations in Jordan, Sudan and Yemen. With the price of most staples still climbing—spurred in part by a parallel surge in oil costs—more such protests are bound to occur.
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