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Tough times for Argentina
UNLIKE individuals, states can borrow money that will only be repaid over generations. They will also borrow to repay outstanding debt. Very few countries do not carry a burden of borrowing and the extent of that financial weight is measured in its relation to the country’s earnings, its Gross Domestic Product (GDP).Eurozone member states for instance are obliged by the rules underpinning the single currency to have debts that are no more than 60 percent of GDP. Though this formula is more honored in the breach by the likes of Italy, France, Belgium and of course Greece, the euro has the apparent might of the European Central Bank behind it and the Union’s economic powerhouse, Germany.Argentina’s debt to the GDP is currently around 86 percent, modest when compared to Belgium’s 160...
October 31, 2019

Tough times for Argentina

Relentlessness in California
A European journalist newly posted as a correspondent to the United States used the word “relentless” to describe his first impressions of his new home.He meant relentless in the pace of life in New York, where he was based, and relentless in the drive of industrialists and entrepreneurs and developers. Were he still working in America, he would doubtless have been using the same word to describe the two major forest fires that are currently raging at either end of the state of California. Just as the flames are relentlessly consuming hundreds of hectares of land and threatening thousands of homes, so the efforts of the fire departments are showing no let up. And this being California, whose $3 trillion gross state product makes it the equivalent of the world’s fifth largest economy,...
October 30, 2019

Relentlessness in California

Quick with the prescriptions
An article that appeared recently in one of the local papers went to great lengths to highlight the growing number of patients seeking psychiatrist help and how business was booming for those prescribing the magic pills. The article implied that regional developments and uncertainties have led many to a life of anxiety and depression.What I felt the article failed to focus on were the remedial actions of those in the medical profession who are tasked with dealing with such mental anguish. In some hospitals, especially private ones, there seems to be a lack of qualified and local therapeutic help or psychiatric treatment based on a concentrated study of the patient’s medical and social background.In some hospitals, it is not uncommon to find patients waiting dolefully for their monthly...
October 29, 2019

Quick with the prescriptions

The monster is dead
Abu Bakr Al-Baghdadi, leader of the monstrous terrorist organization Daesh (the self-proclaimed IS), is dead. Nothing better epitomized him than that in his final seconds, he chose to murder three of his own children when, cornered in a tunnel, he detonated his suicide vest. A blasphemous creature, who threw over every standard of decency and humanity in his crazed and brutal campaign for power, Baghdadi’s demise is a cause for joy. It not only, as President Donald Trump made clear, makes the world a safer place, but it brings some sort of closure to the families of Baghdadi’s tens of thousands of innocent victims.As long as this man lived in the shadows, there would have been willing dupes ready to go out and do his bloody business. But, of course, his death does not spell an end to...
October 29, 2019

The monster is dead

Facebook’s planned currency not so sweet
THE German name Zuckerberg translates as “sugar mountain” and Facebook founder Mr. Zuckerberg has without a shadow of a doubt built for himself and his partners a very sweetly profitable mountain that dominates all the other social networks out there.By allowing people to keep in touch effortlessly, follow and comment on products, services, causes, dear or not so dear to their hearts, and daily news, he has empowered 2.5 billion users, 1.5 billion of whom reportedly log in at least once a day. The current world population is around 7.7 billion. Facebook has therefore made its fortune by gathering and selling on to third parties, an extraordinary amount of detailed information on more than a third of the people on the globe. National regulations on privacy are proving largely puny in...
October 25, 2019

Facebook’s planned currency not so sweet

Putin woos Africa
RUSSIAN President Vladimir Putin has this week hosted an interesting conference in the Black Sea resort of Sochi, to which he invited 44 presidents and prime ministers from all over Africa. The two-day gathering draws together the threads that Putin has been laying out in recent years by hosting individual African heads of state in Moscow.Amidst the normal statements about goodwill and mutual benefit, the noises coming out of the conference focused on trade. Russia has indeed doubled its exports to African countries in the last four years. However its $20 billion of Africa sales stands in stark contrast to the $204 billion China recorded last year. The US, EU and India are also way ahead of Russian exports to the continent and even the United Arab Emirates earned more from Africa than...
October 24, 2019

Putin woos Africa

Can protests in Lebanon destroy Hezbollah state?
THE protests which have engulfed all regions in Lebanon represent an unprecedented event in the country’s history not because they have never occurred before but because they have drawn fresh patriotic lines to end the Iranian designs of hegemony in Lebanon.The demonstrators who took to the streets without any political or sectarian color have broken the barrier of silence against sectarianism which has, for several decades, prevented Lebanon from achieving a perfect social harmony and national integration.All the slogans raised by angry protesters — all means all — did not spare any political or sectarian leader. Prior to the recent protests, any attempt to criticize or lampoon Hassan Nasrallah, leader of the Iranian-backed Hezbollah militia, was considered a red line and which...
October 23, 2019

Can protests in Lebanon destroy Hezbollah state?

Trudeau stays in power — for now
LONG before the advertising industry was created to market products, the dark art of appealing to the masses was being practiced by politicians. Those who wished to climb the greasy poll to power had to promote themselves and their policies to a sometimes even indifferent electorate.It is one of democracy’s greatest weaknesses that time after time, governments are elected on programs that they then fail to carry out. Sometimes they can protest there were good reasons for this. Nicolas Sarkozy for instance won the French presidency with firm promises to rebuild the ailing French economy with radical reforms, particularly to end unsustainable state spending. In the event the world financial system tanked and Sarkozy spent much of his presidency trying to save French financial institutions...
October 22, 2019

Trudeau stays in power — for now

Say no to energy-boosting drinks
ALTHOUGH energy drinks have been around since the mid-eighties, the structure of their target audience has gradually shifted to the young. Through clever marketing and branding with youth activities, most of these body-boosting drink companies are making themselves part of a daily diet of many young Saudis and expatriates.They are found in the drinks sections of supermarkets and mini markets everywhere; most come with exotic names and in eye-catching containers. But are these drinks which are primarily targeted towards our youth harmful in the long run? Should parents and schools not sit up and take notice.Take the case of one such popular energy drink sold in our supermarkets and consumed on a daily basis by many of our young. It could be fatal. It was initially created to stimulate the...
October 22, 2019

Say no to energy-boosting drinks

Riyadh Ghair!
OkazSIGNS of huge success of the largest entertainment activity in the Saudi capital — Riyadh Season – have started appearing. It means entertainment activities in the Kingdom have a promising future.The first of these signs is the success of the recent Entertainment Industry Forum (Joy Forum19). It has also been proved, without an iota of doubt, that the criteria selected by the General Entertainment Authority (GEA) officials are lofty and their goals are to achieve high quality services.Aside from the forum, several professional workshops were held with participation of executives from the biggest international companies in the entertainment and tourism sector. The forum and the other activities on its sidelines have drawn up the features of the strategies and goals of the...
October 22, 2019

Riyadh Ghair!

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