Here is the Friday, July 11th, 2008 edition of events and news from around the world.
UK Housing Prices Tumble
Negative equity is when you owe more on an asset than what it is worth. In the UK, negative equity fears grow as house prices take record tumble. Negative equity is one of the reasons for increased foreclosures or defaults on loans. More on the situation in Britain from the UK Guardian.
Sudanese President Omar al-Bashir to Face War Crime Charges
The UK Guardian is reporting that the Sudanese President Omar al-Bashir is likely to face war crime charges at the International Crime Court.
The prosecutor, Luis Moreno-Ocampo, issued a statement yesterday announcing that he would be submitting evidence “on crimes committed in the whole of Darfur over the last five years”. The statement said he would then publicly “summarise the evidence, the crimes and name individual(s) charged”.
Moreno-Ocampo told the security council last month that he intended to go after top Sudanese officials, saying the “entire state apparatus” was involved in systematic attacks on civilians.
Long over due and we will see where it goes. Another report on this development from the New York Times.
China and the US Presidential Election
The Asia Sentinel looks at the US Presidential contest and how each candidate might handle US ties with the People’s Republic of China.
Radical Islam in Indonesia
Under Suharto, the radical fringes of Islam were kept under tight wraps but with Indonesia’s nascent political liberalization, there has been a proliferation of Islamic groups across the political spectrum. The Asia Sentinel looks at some of the more radical groups.
India Debates Its Nuclear Agreement with the US
India’s politics is not for the feign of heart. It’s not easy running a nation of nearly a billion people who speak some 700 different languages to boot. It is amazing to watch to India’s political scene. First of all, Prime Minister Prime Minister Manmohan Singh will seek a confidence vote in the Lok Sabha next week. The Indian Communist Party will vote against the agreement. The four Left parties formally withdrew their support to the United Progressive Alliance (UPA) government, they sharpened their offensive and vowed to make it “politically impossible” for the Manmohan Singh government to go ahead and clinch the Indo-U.S. civilian nuclear deal. The General Secretary of Indian Communist Party called the agreement a “shocking betrayal”. Meanwhile the opposition Hindu Nationalist Party BJP seems amused by the whole debate. Its leader and likely the next Prime Minister of India should Singh’s government falter said he had “never seen so many people in despair” over an issue. Indian politics. All stories are from the Hindu Times.
Pyongyang Remembers Kim Il-Sung
In case you have ever wondered what a news release from North Korea looks like, here is your chance. Today’s feed from the Korean Central News Agency of the DPRK. Some tidbits:
A delegation of the Kim Il Sung Socialist Youth League headed by Kil Chol Hyok, secretary of its Central Committee, left here today by air to attend the meeting of the Coordinating Council of the World Federation of Democratic Youth to be held in Venezuela.
Meanwhile, the State Academy Beryozka Dancing Troupe of Russia Named after N.S. Nadezhdina headed by Mira Koltsova arrived here today.
Big news I suppose but not a word on the six party talks under way in Beijing on the North Korean nuclear talks. For news on this subject, coverage from Reuters.
Chinese Polar Exploration Sets off from Shanghai
The race for polar resources is on. With hundreds waving goodbye on the dock, an ultra-modern icebreaker left the eastern Shanghai port on Friday morning, marking the start of China’s third scientific expedition to the North Pole. The full story from Xinhua Net.
Sarkozy Lectures The Irish
Ever the diplomat, Nicholas Sarkozy yesterday told “our Irish friends” to get going and not to wait to long to make a decision about how to get out of the mess created by the No vote. Le Monde reports that he, as rotating president of the EU, wants to propose a solution either at the October or the December EU summit. More from Euro Intelligence.
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