Here is the Friday, June 13th, 2008 edition of interesting reads from around the world.
Nepalese Monarchy Gone, But No Consensus On What’s Next
Nepal continues to teether on the brink of long-term instability. As Nepal’s last King, Gyanendra, leaves the Narayanhiti Royal Palace in Kathmandu, ending a 240-year-old dynasty and paving the way for the emergence of a republic, Nepal’s political parties have fallen on each other in a squabble for power. The Asia Sentinel reports from Kathmandu. And a Nepalese view on events there from the The Rising Nepal.
107 Days in Power, Korean President Lee Myung-bak Alone At the Top
The political paralysis in Korea over the government’s decision to restart imports of American beef is moving to a new crisis point, with the resignation en masse of the cabinet headed by the Prime Minister, Han Seung Soo. At the same time, the entire policy support staff at the presidential executive office has tendered resignations, leaving President Lee Myung-bak practically alone at the top of the government. Full coverage of Korea’s slide from the Asia Sentinel and the Korea Herald. To add the pressure on President Lee, truckers in Korea have gone on strike. With Korea’s exports likely to be disrupted, the implications could be felt worldwide. The events in Korea are now being described as the “Korean Crisis”.
Irish Referendum on the Lisbon Treaty
Ireland voted in a referendum on the European Community’s vision for the future, the Lisbon Treaty, on Thursday. From the Irish Times two stories. While Ireland counts the votes starting today, Europe anxiously awaits the results.
Karzai wins $20bn aid for Afghanistan
My worry is that President Karzai has lost control of Afghanistan. Granted it can be argued that the Bush Administration (nor Obama for that matter) has paid enough attention to the deteriorating situation in Afghanistan. Still, the US, Britain and other donor countries yesterday pledged more than $20bn (£10.3bn) in aid for Afghanistan over the next five years in an attempt to shore up President Hamid Karzai’s embattled government. The story from the UK Guardian.
BP CEO Op-Ed on the World Energy Crisis
The CEO of British Petroleum has written an op-ed piece in the Financial Times, entitled Let The Markets Solve The Energy Crisis. While BP has done more than most to invest in alternative energy development, most of the American oil & gas sector has taken to acting as cash cows and using their cash to buy back their stock and take their companies private. At current rates of stock buybacks, ExxonMobil will be privately-held by 2025.
US Supreme Court Ruling on Guantanamo Detainees
Due process is a cornerstone of Western civilization. We lead by example and we must show our enemies that their attacks will not weaken our inalienable rights nor the bedrock of our legal system. More on this story from the Los Angeles Times plus analysis from the New York Times.
Riot at An Immigrant Relief Centre in Turkey
A Somali man died of a gunshot wound and four people, among them two police officers, were injured during a riot at a Turkish centre for illegal immigrants. More from the Anatolian News Agency.
European Car Sales Slump 7.8% in May
Demand for new cars in Europe shrank 7.8% on the year in May to 1.33 million registrations due to one working day less and a massive increase in fuel prices, the European Automobile Manufacturers Association, or ACEA, said Friday. In the first five months of the year, new car registrations were down 0.7% compared with the same period last year at 6.92 million vehicles. The Western European car market decreased by 8% to 1.24 million vehicles in May. “Looking at the major markets, France was the only one to post growth both in its monthly results (+7%) and in its cumulative figures (+5.2%),” ACEA said in a statement.
The Friendlier Skies Between Taiwan and China
Representatives of China and Taiwan agreed Friday to start weekend charter flights next month between the two sides, taking the first step toward establishing regular transportation links that could ease relations. The report from the New York Times.
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