Wednesday, September 17, 2008

Crisis, Crisis Crisis!

The world around us seems to be going through a lot right now. Pakistan is at the center of many of these stories but some of even bigger significance are also there. Here is a snapshot of some of the biggest stories hitting the headlines. I know there is a lot more than just this...Thailand PM, US election campaigns but these are some of the really shocking ones.

US on the border - Pakistan for once holds firm
The US has been intruding into Pakistan territory on an almost daily basis for the past few days and finally the Army took a strong stance and instead of just saying we regret and condemn these incursions has issued an open threat that the armed forces will open fire on any US intrusions into Pakistan Territory.

India stop water flows
http://www.dawn.com/2008/09/16/top1.htm
India has once again stopped water flows into Pakistan and the government has lodged the 6th protest in the past 2 months against the act which is against the Indus Water Treaty of 1960. Pakistan will suffer immensely due to the timing of the stoppage as it is time for wheat cultivation.

Lehman Brothers collapses
Freddie Mac, Fannie Mae, and AIG saved by US Government takeovers

http://news.bbc.co.uk/2/hi/business/7620127.stm
http://news.bbc.co.uk/2/hi/business/7620195.stm
George Soros thinks this is just the start of a financial crisis which he even related to the big depression of the 30's. This could well be the start of a nightmare for global economies. The ramifications of which could last for years if not longer.


Milk powder for babies in China tainted with chemicals
Several thousand babies are sick with atleast three deaths due to the addition of a toxic chemical melamine to make the milk appear higher in protien content. All for a little more money, endangering lives is okay. Don't you just love capitalism!!


Carla Bruni (Mrs. Sarkozy) is singing with Metallica
http://news.bbc.co.uk/2/hi/entertainment/7619923.stm
What a charming woman! She has impressed world leaders not as much by her looks but moreso due to her understanding of political realities that France faces. A model, singer, musician, and the first lady. She is the 'complete package'!!!

No comments:

Custom Search