World Politics Central

The Prime Minister for Italy, Romano Prodi, says he is already retiring after the parliamentary elections.  He is 86 years old and in his interview, he told Euronews.net that he is finished with Italian politics and all politics in general.  Rome’s mayor, Walter Veltroni, is taking over the leadership of the country.

European King Juan Carlos has steered Spain to modern democracy from its dictatorship 32 years ago.  His achievements have included defending the said democracy from an attempted “coup de tat” in 1981.  But even if he used to be so popular and well-loved, there are political groups right now that are troubling the king for they have called an end to this Spanish monarchy.

The common man is the worst sufferer of corruption in India, and in any country for that matter.  But in India, there is an unequal distribution of wealth and immoral use of money.  The political parties have a very large share in wasting economic resources.  It is best described as a country where Machiavellian politics is widely present.  This means that although India has the largest democracy in the world, the common man is till getting an unfair deal.

Banks were sent billions of dollars from the Economic Stimulus bill that was supposed to fund their lending activities allowing commerce to progress at it’s normal pace. The problem is that of those banks that have managed to survive the initial onslaught of the recession and who received some funds from the government, they have seemingly been so traumatized they are very cautious with their lending activities even with initial promise that they wouldn’t do so. Well the government has had enough of this over-cautious nature for the funds these banks received were tax-payer dollars, the very people they are not lending to. Read the rest of this entry »

Wall Street, is seemingly gaining ground leading many who are guarding it closely to speculate that the worst of the economy has passed. But still other experts are saying it’s too early to say so best be careful that sorry again. Many other indicators out on the streets of the US, indicators that the ordinary Joe is watching, jobs and weak consumer spending. The US government has pumped trillions into the economy, sending part of the trillion dollar “Stimulus Package” to almost all the sectors of business and even into the pockets of ordinary Americans. These along with tax incentives and other financial assistance packages are all to get Americans back on their feet, hoping they would pump it back into the economy that badly needs it. The measure is a temporary measure meant to boost consumer confidence while the people on Wall Street and lawmakers try to find ways of hastening the recovery and with that, Wall street people seem to be hard at work with mild gains that if they are to continue would surely lead to some relief.

The unwise decision by the closed country that is Korea to test nuclear bomb technology even with UN sanctions in place gave a very much clear picture that their nuclear program that was supposed to be for peaceful means (power generation) was only a cover for their more devious plans. Then came Kim’s absence, soon after more threats of nuclear missiles to be fired at the slightest hint the
West and it’s allies meddles in it’s affairs. Then comes silence for a few months, after which comes the test firing of medium then short range missiles, all banned according to the embargo imposed by the UN against the impoverished country for not complying with the demands of the many in exchange for food and other vital supplies. Read the rest of this entry »

They take their business overseas, thus extending the reach of Wall Street beyond the country’s borders even if it were so discrete, with little mention of any Wall Street Connections. The markets became unstable and investors began to pullout their money, these financial institutions react by pulling their foreign investments in, so suddenly these businesses rarely had ample time to get alternative funding. They turn to their government who borrows more form the IMF and from other bigger banks including foreign. The market continues to crash back home and more cash is pulled out of circulation till there is none, the only beneficiaries, the biggest investors for they had so much of a stake they kept up to the minute tabs on their investments, pulling out at the slightest hint of such a disaster. Read the rest of this entry »

The recent US recession that took the world by surprise gave rise to a new and growing dread of Wall Street to blame for the riches and also the collapse of the global financial markets the world over. The Global economy is tied down to other countries through the banking sector and other investments made by shareholders in other projects that needs cash, using the home bank’s and subsidiary funds to offer financial might for part of control of foreign local groups. From banks, housing market lenders to all other types of financial accounts, most US banks had exposure in one or even more of these industries, allowed to continue when the market boomed and the creation of risky/toxic financial packages were allowed. There was simply so much going around they had to bring it somewhere else so they don’t have to pay huge sums in taxes and other government fees.

United States of America President Barack Obama is slated to go on a trip abroad, where he will meet with the heads of the various European nations in order to discuss the global financial crisis.

In this trip, Obama is also scheduled to visit Turkey, where he is expected to make steps to try to remove the negative image America has on the Muslim world. Some readers may remember that Obama’s first television conference was for an Arab news channel, where the US president indicated his call for Muslims to stop violence and hatred towards America.

Obama’s foreign policy is also expected to help boost the world economy us, as a lot of nations are dependent on the US economy for their continued growth. President Obama has also only recently signed an $800-billion stimulus package that many hope will jump not only the American economy, but the world as well.

In a world where political parties rule governments and battle for control, the many Muslim states fail to grasp the concept of freedom from the view of the Western world. There has been much conflict and bloodshed to attest to such differences for the West has always operated on democratic forms of government. Even some of the staunchest Allys of the West in the many Muslim worlds operate under more archaic political structures where the few control the fate of the many. Religion is also another front at which militants twist and turn the tables on religious teachings to incite violence from their followers. In India, Pakistan, Iraq and Afghanistan, the battle rages in what can be described as a battle of ideologies. The people of Iraq now scorn the US Occupation for which they have attained freedom from the oppressive rule of Saddam and his Republican Guard, why, they are not used to being free and making their own decisions. The Palestinians and the Iranians follow their religion and the words their leaders project, which ever way they point may it be for good or bad.
The differences on this earth may never end but think of this, our differences is what makes us unique and different from everybody else, our culture and beliefs dictate our lives much so that we do so each and everyday without question. If we were all different, then there would be no need for conflict, but it would indeed be a dull world to live in.