MPs back president’s move to suspend constitution, ban street protests and give security agencies greater powers of arrest
Yemeni MPs raise their hands as they vote in favour of a state of emergency declared by the president. Photograph: Mohammad Huwais/AFP/Getty Images
Yemen‘s parliament has approved a sweeping set of emergency laws giving broader powers of arrest and censorship to the president, Ali Abdullah Saleh, despite growing calls from opponents demanding he quit to make way for a military-backed democratic transition.
The emergency law, last evoked during Yemen’s 1994 civil war, suspends the constitution, allows for greater media censorship, bans street protests and gives security agencies arbitrary powers to arrest Read more…
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…
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
MANAMA – At least 200 people were shot and wounded on Tuesday in a Shiite village south of the Bahraini capital, a medic said, and two people killed elsewhere, as the king imposed a state of emergency after bringing in foreign troops to help quell anti-regime protests.
As violence escalated, close ally the United States warned that there was “no military solution” to political upheaval in Bahrain and that any violence against peacefully expressed political demands “should be stopped.”
Secretary of State Hillary Clinton said Bahrainis must “take steps now” toward a political resolution of the crisis.
And top Bahraini Shiite clerics sought Muslim and international help as they warned that anti-regime protesters will be targeted with 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…
Saudi policemen form a check point near the site where a demonstration was expected to take place in Riyadh on Friday. Photograph: Hassan Ammar/AP
Saudi security forces came out in strength in Riyadh on a “day of rage” organised by pro-democracy campaigners who managed only small demonstrations in the eastern provinces.
Expectations that the unrest sweeping the Arab world in the last few weeks would spread to its most conservative kingdom appeared to have been dashed by pre-emptive security measures and stern official warnings against any protests.
Far larger demonstrations rocked Yemen, where tens of thousands of pro and anti-government protesters took to the streets as President Ali Abdullah Saleh struggled to maintain his grip.
Clashes broke out in 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…
INTERNATIONAL. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor sees oil prices extending their bull run despite the 15% run-up this year alone.
In an optimistic scenario demand for oil will rise as the global recovery takes hold, and in a pessimistic scenario prices still go up if the Middle East unrest spreads and crude production is curtailed. In both cases, he says, you should be long energy and energy related shares.
Speaking to CNBC today, Faber said: ” I think long term you should be exposed to energy in either scenario….if you are extra bearish and believe that War World III is going to start soon, as I believe, or in an optimistic scenario”.
Addressing the fundamentals of the oil market, Faber said: “What we had over the last couple of years is essentially a reduction in demand from the developed world, the US, Western Europe and Japan, and continued growth in emerging economies.
“So, if you take a very optimistic view of the world, namely a global economic recovery, demand in the Western World will pick up and demand in the Emerging World will continue to rise strongly, so from a very optimistic point of view you should be long oil,” he recommended.
On the flip side, “in a very pessimistic scenario you have to assume that unrest will shift to Saudi Arabia and other countries in the gulf and at that stage the production is curtailed and in that case obviously oil will go up ballistically.”
Brent crude futures could hit US$200 a barrel if political unrest spreads into Saudi Arabia, Societe Generale said on Monday.
Under what the bank called Geopolitical Scenario 3, “unrest spreads to Read more…
Protesters chant slogans on Saturday during a demonstration outside an Egyptian state security building in the outskirts of Cairo. Recent political instability throughout the Middle East could complicate efforts to establish a regional weapons of mass destruction-free zone, current and former officials said (Wissam Nassar/Getty Images).
The unrest and revolutions sweeping through the Middle East have raised doubts over the potential for regional nations to hold previously planned talks focused on forming a weapons of mass destruction-free zone, Arms Control Today reported in its March issue (see GSN, March 1).
At the 2010 Nuclear Nonproliferation Treaty review conference in New York, member nations agreed to hold a 2012 meeting on “the establishment of a Middle East zone free of nuclear weapons and all other weapons of mass destruction.”
“We are absolutely committed” to the WMD-free zone meeting, White House WMD point man Gary Samore said in an interview last month. “But there’s a lot of uncertainty because of the unrest in the Middle East.”
In the last two months, longstanding regimes in Tunisia and Egypt have fallen, and protests in Libya have escalated into full-scale fighting between militants and forces loyal to Col. Muammar Qadhafi. Protests have also erupted in Bahrain, Jordan, Oman and Read more…
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