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wmulnea

BBC News - Falling oil prices: Who are the winners and losers? - 0 views

www.bbc.com/...business-29643612

shared by wmulnea on 13 Feb 15 - No Cached
  • The reasons for this change are twofold - weak demand in many countries due to insipid economic growth, coupled with surging US production. Added to this is the fact that the oil cartel Opec is determined not to cut production as a way to prop up prices.
  • Russia loses about $2bn in revenues for every dollar fall in the oil price,
  • Russia has confirmed it will not cut production to shore up oil prices.
  • ...12 more annotations...
  • Venezuela is one of the world's largest oil exporters, but thanks to economic mismanagement it was already finding it difficult to pay its way even before the oil price started falling.
  • Saudi Arabia, the world's largest oil exporter and Opec's most influential member, could support global oil prices by cutting back its own production, but there is little sign it wants to do this.
  • There could be two reasons - to try to instil some discipline among fellow Opec oil producers, and perhaps to put the US's burgeoning shale oil and gas industry under pressure.
  • Saudi Arabia needs oil prices to be around $85 in the longer term, it has deep pockets with a reserve fund of some $700bn - so can withstand lower prices for some time.
  • were to force some higher cost producers
  • In the 1980s the country did cut production significantly in a bid to boost prices, but it had little effect and it also badly affected the Saudi economy.
  • Saudi Arabia, Gulf producers such as the United Arab Emirates and Kuwait have also amassed considerable foreign currency reserves, which means that they could run deficits for several years if necessary.
  • Islamic State, capturing oil wells. It is estimated it is making about $3m a day through black market sales - and undercutting market prices by selling at a significant discount - around $30-60 a barrel.
  • "The growth of oil production in North America, particularly in the US, has been staggering," says Columbia University's Jason Bordoff.
  • It has been this growth in US energy production, where gas and oil is extracted from shale formations using hydraulic fracturing or fracking, that has been one of the main drivers of lower oil prices.
  • "Shale has essentially severed the linkage between geopolitical turmoil in the Middle East, and oil price and equities," says Seth Kleinman, head of energy strategy at Citi.
  • With Europe's flagging economies characterised by low inflation and weak growth, any benefits of lower prices would be welcomed by beleaguered governments. A 10% fall in oil prices should lead to a 0.1% increase in economic output, say some. In general consumers benefit through lower energy prices, but eventually low oil prices do erode the conditions that brought them about.
fcastro2

A daring plan to rebuild Syria - no matter who wins the war - Ideas - The Boston Globe - 0 views

www.bostonglobe.com/...story.html

syria plan war politics china russia the west

shared by fcastro2 on 23 Feb 15 - No Cached
  • The first year of Syria’s uprising, 2011, largely spared Aleppo, the country’s economic engine, largest city, and home of its most prized heritage sites. Fighting engulfed Aleppo in 2012 and has never let up since, making the city a symbol of the civil war’s grinding destruction
  • Rebels captured the eastern side of the city while the government held the wes
  • , residents say the city is virtually uninhabitable; most who remain have nowhere else to go
  • ...28 more annotations...
  • In terms of sheer devastation, Syria today is worse off than Germany at the end of World War II
  • ven as the fighting continues, a movement is brewing among planners, activists and bureaucrats—some still in Aleppo, others in Damascus, Turkey, and Lebanon—to prepare, right now, for the reconstruction effort that will come whenever peace finally arrives.
  • In a glass tower belonging to the United Nations’ Economic and Social Commission for Western Asia, a project called the National Agenda for the Future of Syria has brought together teams of engineers, architects, water experts, conservationists, and development experts to grapple with seemingly impossible technical problems
  • It is good to do the planning now, because on day one we will be ready,”
  • The team planning the country’s future is a diverse one. Some are employed by the government of Syria, others by the rebels’ rival provisional government. Still others work for the UN, private construction companies, or nongovernmental organizations involved in conservation, like the World Monuments Fund
  • As the group’s members outline a path toward renewal, they’re considering everything from corruption and constitutional reform to power grids, antiquities, and health care systems.
  • Aleppo is split between a regime side with vestiges of basic services, and a mostly depopulated rebel-controlled zone, into which the Islamic State and the Al Qaeda-affiliated Nusra Front have made inroads over the last year
  • The population exodus has claimed most of the city’s craftsmen, medical personnel, academics, and industrialists
  • It took decades to clear the moonscapes of rubble and to rebuild, in famous targets like Dresden and Hiroshima but in countless other places as well, from Coventry to Nanking. Some places never recovered their vitality.
  • Of course, Syrian planners cannot help but pay attention to the model closest to home: Beirut, a city almost synonymous with civil war and flawed reconstructio
  • We don’t want to end up like Beirut,” one of the Syrian planners says, referring to the physical problems but also to a postwar process in which militia leaders turned to corrupt reconstruction ventures as a new source of funds and power
  • Syria’s national recovery will depend in large part on whether its industrial powerhouse Aleppo can bounce back
  • The city’s workshops, famed above all for their fine textiles, export millions of dollars’ worth of goods every week even now, and the economy has expanded to include modern industry as well.
  • Today, however, the city’s water and power supply are under the control of the Islamic State
  • Across Syria, more than one-third of the population is displaced.
  • A river of rubble marks the no-man’s land separating the two sides. The only way to cross is to leave the city, follow a wide arc, and reenter from the far side.
  • Parts of the old city won’t be inhabitable for years, he told me by Skype, because the ground has literally shifted as a result of bombing and shelling
  • The first and more obvious is creating realistic options to fix the country after the war—in some cases literal plans for building infrastructure systems and positioning construction equipment, in other cases guidelines for shaping governanc
  • They’re familiar with global “best practices,” but also with how things work in Syria, so they’re not going to propose pie-in-the-sky idea
  • If some version of the current regime remains in charge, it will probably direct massive contracts toward patrons in Russia, China, or Iran. The opposition, by contrast, would lean toward firms from the West, Turkey, and the Gulf.
  • At the current level of destruction, the project planners estimate the reconstruction will cost at least $100 billion
  • Recently a panel of architects and heritage experts from Sweden, Bosnia, Syria, and Lebanon convened in Beirut to discuss lessons for Syria’s reconstruction—one of the many distinct initiatives parallel to the Future of Syria project.
  • “You should never rebuild the way it was,” said Arna Mackic, an architect from Mostar. That Bosnian city was divided during the 1990s civil war into Muslim and Catholic sides, destroying the city center and the famous Stari Most bridge over the Neretva River. “The war changes us. You should show that in rebuilding.”
  • Instead, Mackik says, the sectarian communities keep to their own enclaves. Bereft of any common symbols, the city took a poll to figure out what kind of statue to erect in the city center. All the local figures were too polarizing. In the end they settled on a gold-colored statue of the martial arts star Bruce Lee
  • “It belongs to no one,” Mackic says. “What does Bruce Lee mean to me?
  • is that it could offer the city’s people a form of participatory democracy that has so far eluded the Syrian regime and sadly, the opposition as well.
  • “You are being democratic without the consequences of all the hullabaloo of formal democratization
  • A great deal of money has been invested in Syria’s destruction— by the regime, the local parties to the conflict, and many foreign powers. A great deal of money will be made in the aftermath, in a reconstruction project that stands to dwarf anything seen since after World War II.
  • fcastro2 on 23 Feb 15
     
    While it is still unclear as to who will win the Syrian conflict, there are people who are already looking towards the future and a better Syria. Plans are being made but, of course, these plans will entirely depend on who wins the war. 
tdford333

Aid for Yemen Dwindles as Need Rises Amid Chaos - NYTimes.com - 0 views

www.nytimes.com/...outhis-continue-offensive.html

yemen medical

shared by tdford333 on 03 Apr 15 - No Cached
  • Aid for Yemen Dwindles
  • Residents said that water had been cut off for days and that electricity was out for hours at a time.
  • raising fears of a lengthy war that is expanding the destabilizing regional conflict between the Persian Gulf monarchies and Iran.
  • ...5 more annotations...
  • aid agencies intensified their warnings on Tuesday about the toll on civilians and hospitals, which are running critically low on medical supplies.
  • The Houthis, acknowledging their alliance with Iran but denying acting on its orders, have been able to extend their offensive despite intensifying airstrikes by Saudi warplanes across Yemen.
  • physicians had treated more than 500 people in the last two weeks in Aden, including burn victims from explosions at an ammunition depot and passengers on a bus that had apparently come under shelling.
  • unable to reinforce its surgical teams or bring in supplies
  • not been able to negotiate the safe arrival of the aircraft.
  • tdford333 on 03 Apr 15
     
    Battle in Yemen has left many displaced and in need of goods and healthcare. The blockade has made it difficult for humanitarian organizations to deliver aid to Yemen.
atownen

Explorers reach Doha after 49-day desert trek | GulfNews.com - 0 views

gulfnews.com/...r-49-day-desert-trek-1.1662567

Oman trek Qatari capital

shared by atownen on 03 Feb 16 - No Cached
  • atownen on 03 Feb 16
     
    A team of trekkers finished their 57-day journey across the deserts of Oman through Saudi Arabia, to Doha. They wanted to recreate the experience which was achieved by British civil servant and Arabist Bertram Thomas, who completed the journey in 49 days.
mcooka

Jordan - Educational System-overview - Students, School, Schools, and Secondary - StateUniversity.com - 0 views

education.stateuniversity.com/...UCATIONAL-SYSTEM-OVERVIEW.html

education jordan program students school

shared by mcooka on 16 Feb 16 - No Cached
  • The present structure of the Jordanian educational system comprises formal and nonformal systems
  • A compulsory stage for children ages 6 to 15 (grades 1-10), consisting of primary school (grades 1-6) and preparatory school (grades 7-10).
  • A comprehensive secondary education (academic and vocational) and applied secondary education (training centers and apprenticeship).
  • ...10 more annotations...
  • he majority of students are enrolled in schools directly controlled by the MOE. Some schools fall under the jurisdiction of the cultural bureau of the Ministry of Defense. The Ministry of Health oversees students studying for medical careers; it established the first nursing school in 1953-54.
  • Under this system, students in grades 4 through 10 may repeat a grade twice. After that they are automatically promoted. In the preparatory stage, grade repetition is allowed only once. At the secondary level, students are allowed to repeat once in a government school provided they are younger than 17; otherwise they must transfer to a private school.
  • Community colleges and universities vary in required attendance from two years in community colleges to six or more in universities based on the type of institution and specialization
  • Higher education, either a two-year intermediate level course offered by community colleges or four years of university level courses, either in public or private institutions. The student's achievement on the General Secondary Education Certificate Examination is the sole criterion for admission into higher education institutes.
  • Instruction is in Arabic, but English is introduced in public schools in the fifth grade and is widely used. A new policy was recently approved to start teaching English in the first grade beginning in the academic year 2001-02
  • The school year runs for 210 days from September to June.
  • All public schools and most private ones use the same textbooks. Under Law 16 of 1964, the School Curricula and Textbooks Division of the MOE is responsible for producing and printing the textbooks. They are distributed free of charge during the compulsory stage, but there is a nominal fee at the secondary stage.
  • Jordanian public schools are single sex schools.
  • In 1997, however, only 16 percent of students were attending two shift schools and 11 percent went to rented buildings.
  • As a whole, education in Jordan is considered an investment in the future. Skilled citizens are necessary. Before the Gulf War, most graduates could find good jobs in the oil-rich countries, and the money they sent home helped the Jordanian economy to grow. It is not uncommon for a family living at subsistence level to be able to send a child to a university (Abu-Zeinh).
  • mcooka on 16 Feb 16
     
    This article goes into great depth about Jordan Educational systems. Things such as public vs private, which still use the same books, and single sex schools. It also talks about public and two-year junior college education system. 
eyadalhasan

Why Saudis are ardent social media fans - 1 views

www.economist.com/...economist-explains-21

Saudis social media smart phone

shared by eyadalhasan on 28 Apr 15 - No Cached
  • mjumaia on 28 Apr 15
     
    ON MARCH 18th, at an Arab media get-together, Twitter announced that it will open an office in Dubai. Saudi Arabia is well-known by their use of the social media. This article has explain in depth why is this.
  • eyadalhasan on 01 Mar 16
     
    Why Saudis are ardent social media fans by S.B. | BEIRUT ON MARCH 18th, at an Arab media get-together, Twitter announced that it will open an office in Dubai. Not before time. Smartphone growth has rocketed in the Gulf-by most counts the region has the highest penetration.
jherna2a

Seeking Refuge in Djibouti: Escape From Yemen - 0 views

www.youtube.com/watch

Yemen refugees war

shared by jherna2a on 02 Mar 16 - No Cached
  • jherna2a on 02 Mar 16
     
    The war in Yemen has forced nearly 100,000 people to flee across the Gulf of Aden to Djibouti, a small country in the Horn of Africa. Many live in refugee camps, like Markazi refugee camp, but are unwanted due to "Yemen's reputation for terrorism."
stuartsayes

What Led Those American Ships Into Iranian Waters? - 0 views

www.theatlantic.com/...424566

international waters Iran ships american Navy

shared by stuartsayes on 07 Apr 16 - No Cached
  • stuartsayes on 07 Apr 16
     
    The first official report regarding the capture of two American ships was release at the beginning of this year (2016). This is an important concept in relations between two countries and helps see the power that exists with a country's international water line,
amarsha5

How long can Saudi Arabia afford Yemen war? - Al-Monitor: the Pulse of the Middle East - 14 views

www.al-monitor.com/...ia-economic-repercussions.html

saudi yemen war economics

shared by amarsha5 on 07 Apr 16 - No Cached
  • long history of political animosity; this is a history that continues until our present day.
    • joepouttu
      joepouttu on 07 Apr 16
       
      "However, as Saleh continued to kill, these countries had no choice but to issue a forceful declaration to show that they were not in favor of Saleh's relentless, murderous campaign to ignore a civil war in Yemen." pg 128
  • Yemen's treasury was burdened by the costs of unification such as paying for southern civil servants to move to the new capital, Sanaa, and paying interest on its massive debt. On top of its other economic challenges, Yemen was to absorb the shock of 800,000 returnees and their pressure on the already weak job market. With their return, the estimated $350 million a month in remittances
    • joepouttu
      joepouttu on 07 Apr 16
       
      "My father had decided to leave Eritrea and return to Yemen, his homeland, after long years of exile..." pg 110
  • Civil war broke out in the summer of 1994 in what could be interpreted as a symptom of economic failure.
  • ...20 more annotations...
  • By 1995 the Yemeni government implemented a program of macroeconomic adjustment and structural reforms with support from the World Bank and the International Monetary Fund and reduced spending on defense and civil service and cut subsidies. The Yemeni economy started showing signs of recovery and stability.
  • Masood Ahmed, director of the IMF’s Middle East and Central Asia Department, wrote in 2012 that “fiscal sustainability will be an issue” for Gulf Cooperation Council countries. In its 2012 regional economic outlook, the IMF recommended to “curtail current expenditures while protecting the poor” as a response to the risk of declining oil prices.
  • Policies to cut spending were unlikely to be introduced in a monarchy like Saudi Arabia, especially after the Arab Spring, where tax-paying citizens along with non-tax-paying Bahrainis and next-door Yemenis went out on the streets to claim their rights in shaping the policies that govern their daily lives. The risk of people demanding more political rights was growing and cutting spending was not the optimal strategy for the kingdom.
    • joepouttu
      joepouttu on 07 Apr 16
       
      "The students of Sanaa were unique, marching straight out onto the street from their classrooms and chanting, 'The people demand the fall of the President and the regime.'" pg 126
  • As the kingdom continued its generous fiscal policy by providing more benefits to its citizens in response to the people’s dissatisfaction with the economic and political situation, it ran a deficit of 3.4% of GDP in 2014 due to a fall in oil revenues.
  • The kingdom's economic reforms of raising gas and diesel prices, cutting fuel subsidies in half and supporting the introduction of a GCC-wide value-added tax might ease the pressure of sustaining a war for nine months and perhaps longer. These structural reforms were long overdue and their introduction at this time is revealing.
    • amarsha5
      amarsha5 on 07 Apr 16
       
      CIG pg. 120 -> "We live in a world with many layers of linkages between countries. Nations will exchange goods and services through trade and will engage in cross-border investments from bank loans to setting up businesses. Each of these linkages can serve as a transmission mechanism in a time of crisis."
  • the political inclusion of the taxpaying citizen. It's a price the kingdom is now willing to pay, as we have seen Saudi women not only
  • and suffered an uprising fueled by anger at economic failure. The Saudi economy is trying to absorb
  • As they introduce revenue-collecting mechanisms, they should also reform mechanisms of capital transfer to the public to minimize the gap between the rich and the poor, as it is known that the poor are the most affected by tighter revenue-collecting policies. Otherwise, the Saudi war on Yemen will mark the beginning of an economic downturn that will surely spill over onto its political system in the long run.
    • joepouttu
      joepouttu on 07 Apr 16
       
      "So the young revolutionaries fight on, until all their demands are met and they are free to build their State: a state founded on social justice and equality between all citizens where Saleh's reign is just a page in the history books." pg 129
    • amarsha5
      amarsha5 on 07 Apr 16
       
      CIG pg. 116 -> "Globalization, in the shape of freer trade and multinational investments, has been generally a force for good and economic prosperity. But it has also advanced, rather than harmed, social agendas"
    • ccfuentez
      ccfuentez on 07 Apr 16
       
      But it became apparent that Saleh was not going to leave me to my own devices. He declared war in mid-1994, occupying the South and defeating the Socialist Party. Everything was finished, or so I believed. Its property stolen by the regime, the paper shut down, and once more I found myself broken, defeated and without hope. Worse, I was a known employee of the Socialist Party through my work at the paper. In the region where I lived agents for the regime had been hunting down and detaining anyone who had belonged to the Socialist Party or getting them fired from their jobs. Although I had not been a party member myself, just worked at a party newspaper, the regime made no distinction. My mother intervened, however, and hid me. She wouldn't let me out of the house. My mother always protects me.   (2013-12-31). Diaries of an Unfinished Revolution: Voices from Tunis to Damascus (p. 115). Penguin Publishing Group. Kindle Edition. 
    • atownen
      atownen on 07 Apr 16
       
      Civil War: in 1994 Jamal currently in high school, describes the times as a world, when the color of his skin would define him. The Civil War, "interpreted as a symptom of economic failure", was evident in the reading when Jamal described the lack of jobs as a college graduate, members of the socialist party were completely shut out when Saleh took the presidency, depriving hard workers the ability to integrate into the economy. 
    • ccfuentez
      ccfuentez on 07 Apr 16
       
      CIG Ch. 4 -> in relation to international rulemaking on fiscal policy -> is international intervention needed to contain and reverse financial crises in countries, esp. when it comes to the human rights and economic equality of citizens
    • mcooka
      mcooka on 07 Apr 16
       
      Relating to page 120 Sanaa could not find work after college. While his degree wasn't very fluid, he was unable to find work for about 5 years. He got into journalism which blacklisted him against the government. Now he is unemployed again. 
    • mcooka
      mcooka on 07 Apr 16
       
      This paragraph, while not highlighted, is important to the idea of globalization and why the war is not stopping. There is a flow of revenue from these oil prices that Yemen is reliant on, but they are also competing with countries that produce higher amounts of oil. This would have happened during the time Sanaa was in College writing scathing articles
    • mcooka
      mcooka on 07 Apr 16
       
       On page 113 around this time the author was working as a journalist for the newspaper. 
    • mcooka
      mcooka on 07 Apr 16
       
      Related to page 129 Sanaa is still living in hiding and in poverty. The animosity keeps him in fear. 
    • csherro2
      csherro2 on 07 Apr 16
       
      Market liberalization outlook
    • csherro2
      csherro2 on 07 Apr 16
       
      When Saleh came to power he and the leader of the southern part of Yemen, Salem al-Beid, agreed to coesxist as leaders of Yemen.  WIthin weeks of this in play, Saleh began to try to make the south his and this created the civil war.  
    • csherro2
      csherro2 on 07 Apr 16
       
      Jamal notes that the standard of living in Yemen was decreasing gradually the longer Saleh stayed in power.  
    • csherro2
      csherro2 on 07 Apr 16
       
      People, including Jamal, were writing about the Saleh regime and how they were upset with them.  
    • csherro2
      csherro2 on 07 Apr 16
       
      When Saleh's son was coming into power, Jamal saw that Yemen was moving towards a monarchy, realizing that his and the country's future was in the hands of an unqualified person.  
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