Wednesday, 13 April, 2005

News from the front - Atlanta Themes in todays news - Free Marketers vs. Central Planning. As I read about the various government's and ngo's one thing is apparent - if left up to the individual person starving to scratch a living off the land - people will choose themselves because of power. If its up to governemnt's and ngo's - they choose command economies to centralize power. It is always about who has the power - you or a group of elites. FYI - our economic and news search is based upon GEM's Economic Rankings of Economies, we monitor and report news sources from the top two countires on each continent. BTW the United States has slipped from 4th to 11th in the last year - inspiring news. Sunday morning commentary - a new feature - reviews the same publications' editorial sections as well as my short list of thought leaders. For specific business news and commentary visit our other sites:hyper-growthcenter for inspired performance Have a great business day - success, wealth & health - Ciao 9:30:39 AM    comment []

Japan sets challenge to China on the seas Good move by the Japanese sending a message that they will not roll over on China's strategy for economic hegemony in Asia   TOKYO Japan said Wednesday that it would allow drilling for oil and gas in waters claimed by China, a move expected to strain diplomatic and economic ties already stretched thin by a series of anti-Japanese protests in Chinese cities. 9:24:06 AM    comment []

Schröder taking on Germany's shadow economy Bad government leads to unintended effects which leads to more bad government and more unintended effects which leads to more government............get it? FRANKFURT With one eye on some unintended effects of European Union enlargement and another on coming elections, Chancellor Gerhard Schröder of Germany is looking for new ways to keep low-wage laborers from Eastern Europe from squeezing Germans out of their jobs. . On Wednesday in Berlin, Schröder's cabinet will try to devise a plan to close loopholes that allow East Europeans to work for a small fraction of what their German colleagues earn - both legally and illegally. 9:19:56 AM    comment []

Airline zooms in with new service There is hope for Canada - their airline industry is disaster. You can't operate a regulated industry next to the worlds largest free-market for travel. Oh Canada! Canadian-based airline Zoom is doubling up on its plans to start direct services from Northern Ireland this summer. The airline, which unveiled plans in February to start a weekly flight from Belfast International to Toronto.But now the company is aiming to augment this service with a matching once a week flight to Halifax in Nova Scotia. 9:15:17 AM    comment []

Trade: Free Rice Market Would Threaten Poor Farmers, Warns Aid Agency Once again we get an example of "command economy" thinking. Oxfam has this backwards - what if the effected governments liberated their economies and allow their farmers to run efficient farms. There is no way imported food goods could compete with local supplies unless government taxes and regualtion is strangling it. When are these people going to get it? Trade liberalisation of basic foods such as rice could have potentially catastrophic impacts unless the World Trade Organisation allows developing countries to determine their own policies on agricultural reform, warns a leading aid agency. In a report, 'Kicking down the door: How upcoming WTO talks threaten farmers in poor countries', Oxfam International points out that a dramatic reduction in tariffs could undermine domestic food security by allowing imports of cheap rice to flood in. 9:07:00 AM    comment []

What Kenya Must Do to Receive Aid Finally an article about intelligence in foreign aid. The Government yesterday agreed to a long list of conditions it must meet in the next one year before it can get more money from donors. Most of the funds for development projects will remain intact, though no significant new pledges were made. "We discussed important policy reforms and agenda for Kenya and which should be implemented as a way of enabling Kenya access the funds that had been pledged," said Mr Makhtar Diop, the World Bank's Country Director for Kenya, Eritrea and Somalia, at the end of the two-day consultative meeting. 9:01:49 AM    comment []

US$ 4.5 billion to reconstruct Sudan How nice of us, what are we going to do about the root cause? A moslem government that engaged in civil war with christian and animist citizens, sponsored and armed gangs to do the dirty work. They destroyed the economy while engaging in genocide and with their objectives achieved, the world gets to rebuild their economy and formalize this governments hold of power. This is when the UN is totally useless. afrol News, 12 April - The Oslo donor conference for Sudan, which ends today, has been a record-breaking success. While Sudan and the UN had asked for a total of US$ 3.6 billion, international donors have pledged to give even one billion more. SPLM leader John Garang is now sure that the process of reconstructing South Sudan will go ahead speedily. 8:56:58 AM    comment []

CORRECTED - Singapore's PSA in talks to build new Panama port Another example of free-marketers building affiliate economies. In SINGAPORE story headlined "Singapore's PSA in talks to build new Panama port" please read in paragraph 1 ... officials said on Friday ... instead of ... officials said on Wednesday (correcting day) A corrected story follows. SINGAPORE, April 8 (Reuters) - Singapore port operator PSA International is competing with three rivals for a project to build a new $600 million port in Panama, which is expected to be awarded this year, Panama officials said on Friday. The Panama Canal handles about 4 percent of international trade, and shipping industry experts said expansion is necessary to allow the passage of larger vessels. 8:44:32 AM    comment []

Survey: Trade agreement necessary to boost Central American textile, apparel business Good idea to expand NAFTA throughout the Hemisphere. We can give these people aid (fish) or business (teach them to fish) - lets be smart and give them opportunties to grow the economy. A trade group representing apparel sellers released the results of an "informal survey" suggesting that if a Central American trade agreement is not passed by Congress, retailers and apparel makers will buy less of their products from that region, which could hurt U.S. textile companies. 8:34:13 AM    comment []

FTA Lays Foundation for More Open Economy One of the "freest" countries in the world and a leader in the Southern Hemisphere teaming with one of Asia's "freest" countries - this could be a great case study. The first free trade agreement with Chile has brought an array of benefits to Korea in the past year, not least contributing to the speeding up of the nation’s FTA talks with other trade partners. While the FTA wave has swept the world, Korea had been left out of the race. Before the launch of the FTA with Chile on April 1 last year, South Korea, the world’s 12th largest economy, and Mongolia were the only two members of the World Trade Organization (WTO) that had no bilateral trade pacts. 8:26:01 AM    comment []

Argentine Stocks Drop on Monetary Fund Concern: Latin Stocks A country with same natural advantages as the US with a very different outcome April 12 (Bloomberg) -- Argentina's Merval had the second- biggest decline of the world's primary stock indexes on concern the country may fail to renew a $13.3 billion loan accord with the International Monetary Fund, causing economic growth to slow. The Merval index fell 42.31, or 3 percent, to 1366.11 as of 2:29 p.m. New York time, the second-biggest drop among 60 indexes tracked by Bloomberg, behind Pakistan's main index. Grupo Financiero Galicia SA, the country's biggest non-government bank, led the drop. 8:19:52 AM    comment []

18 Bahrainis win help to set up firms Had to cite this source - my time working with the UN in Africa was delivering similar services. Even the UN has a good day. EIGHTEEN Bahraini entrepreneurs have embarked on a programme to help them launch their own companies. The entrepreneurship development and enterprise creation programme is being run by the United Nations Industrial Development Organisation (Unido) through its Arab Regional Centre for Entrepreneurship and Investment Training (ARCEIT). 8:16:45 AM    comment []

Dr. Gal Luft: Bin Laden’s Out to Destroy U.S. Economy I heard this before but it is my first article by an economist. Certainly if there is second attack of the World Trade Center - Pentagon magatude, our economy will respond with another 2 to 3 year downcycle. It is estimated that the total economic costs to the US economy is 1/4 of a trillion dollars. How do you estimate the cost of civil liberties lost? Dr. Luft told David Miller of INN Television at the recent Jerusalem Conference that the main goal of the radical Islamic Jihad movement is to “bring the U.S. economy to its knees.” That movement, spearheaded by Bin Laden and Al Qaeda, started to plan its moves against the United States after it attributed Moscow’s exit from Afghanistan to Soviet economic difficulties resulting from the war. Now Bin Laden thinks he can do the same thing to the United States, but more so. Dr. Luft explains that Bin Laden is deliberately focusing on U.S. economic targets. Al Qaeda’s attack on the World Trade Center on September 11, 2001, was planned to strike at the epicenter of the American economy. That attack, which cost the American taxpayer one trillion dollars in damages, and the subsequent war in Afghanistan and Iraq, are “bleeding” the American economy of its wealth. 8:06:03 AM    comment []

Russian rockets to launch from South American base Growing up in the space program, I wondered when the government was going to get out of the way. Burt Rutan and Scaled Composites demonstrated that business can do this safely at lower cost. Hopefully the Russians will help the process to privatize space Russian rockets will be launched from the European Space Agency's spaceport in French Guiana in 2008, following an agreement signed on Monday. The rockets will launch medium-weight satellite payloads into orbit and might one day send people into space. 7:59:56 AM    comment []

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