Most of the allies of Syria has been asking Assad to step down while the crackdown becomes more bloodier. The eight month uprising has killed more than 70 people till now and has been one of the bloodiest days according to activists. The loyalists of President Bashar al-Assad had shown their reaction over the growing isolation which is happening in Syria. The Jordanian embassy in Damascus was stormed by the supporters of Assad who were in large number and is the latest regional mission.
On Saturday after the Arab league sanctions which had imposed the sanctions after the King Abdullah stated the news agency. Just after the first Arab leader Jordan King Abdullah who had publicly asked the call out for the quit of Assad. The growing diplomatic pressure in Syria leader Assad while the opposition is asking to step down and holding talks. The talks has been held in Moscow by the opposition and was held during last month in voting for the UN security council.
The outspoken champion Turkey neighbour has threatened over to cut the power exports for the national grid of Syria. There was talks held by the Arab leaders during Wednesday and most of the people expect the talks may cause bloodshed. On Tuesday there was a sign of potential for the civil war especially in the middle east and some of the important countries. There were some soldiers whop refused to take the orders and about five regular army troops were killed in the clashes.
The flooding in Thailand has killed about 224 people so far the flood which had started in mid July still continues. The water has been inundated for the Chai Wattanaram temple which is about 400 years old and is in the city pf Ayutythaya. The flood has affected the ancient city Ayutthaya and is situated at the World heritage site was reported by officials. The temple of Chai Wattanaram is situated near the Chao Pharaya river and the river flows towards Bangkok about 65 miles.
The water level of the flood is about 1.5 meters and there are 150 soldiers who have been deployed to fix the embankment. The details of the flood and the number of affected and the arrangements made was reported by Wittaya Pewpong who is the governor. The floods has affected many temples of the ancient city according to the reports about 200 to 500 temples have been affected. Massive flooding has been caused in Thailand due to the tropical storm which was followed by monsoon rains which usually come in August to October. The damage in the historical site has made Thailand spend about 100 million baht till now according to culture minster Sukumol Kunplome.
The roads have been overflowed by flooding and the authorities have reinforced the banks of river to prevent more floods. Till now about 3 million acres of farmland has been affected and is under water says reports from Meteorological department. The government has provided about 8 billion baht which is about $256 million foir the farmers and many people affected due to floods. In Cambodia the neighbor about 164 people have died due to the floods from the month of august 13 till the present day and are lacking basic needs.
A powerful earthquake with a preliminary magnitude of about 7.2 stuck Japan. The strong earthquake actually stuck the northeast part of Japan during Wednesday reports the JMA. The JMA(Japan Meteorological agency) however reported that there was no damage which was caused. Further the JMA said the earthquake still didn’t cause any injuries to any person and any damages.
A tsunami advisory of about 50 cm was being issued at the northeastern Japan after which the earthquake took place. The earthquake occurred in Japan caused by a 60 cm wave which reached the Ofuna to port about 450 km from Tokyo. The sideways of the tremor was felt by most of the victims who experienced the powerful quake which was about 20 seconds. The details of the quake was given by Yoshiyuki Sato who an official at the Kurihara city in Miyagi.
The tremor experienced was big enough and however no things fell from the shelf of the government building. The tremor faced was 10km below the sea bed off the coast of the Aomori prefecture which is a public broadcaster. The electric power Tohoku stated despite of the earth quake the nuclear plant Onagawa operated normally. The bullet trains running was resumed from the northeastern Japan after having a brief stop says the reports related.
To mark the revolution of his country an Egyptian man has named his daughter as a Face book. The Egyptian man is in his early 20′s and is happy about naming his daughter after the social networking site organized the protests. The protests where actually played across the social networking site Face book showing the protests across different cities of Egypt. The details of the report by naming his daughter in face-book appeared on Daily newspaper and Al-Ahram newspaper showing the protests.
The name of the girl named as face-book is Jamal Ibrahim and her friends ,family along with relatives have shown their support for the cause. The incident is actually a revolution and that has been started by on Facebook with the support of many people across Egypt. There are about five million face book users which is more than any other compared to the Middle East countries. Last month the number of face book users has rocketed over as the revolution got underway says the reports in the Mail.
At present there are about 32,000 groups and about 14,000 pages exists after the revolution which has happened on January 25. Military government has started off with the help of the face-book which will reach out to the youth of Egypt. After the resignation of Hosni Mubarak Graffti was daubed across the capital saying thank you face book. The internet has caused the democracy in many regions across the include Middle East,North African region.
The Indian stock market has provided the best returns across the world in the last 12 months, but all that seem to be changing quickly in the last few weeks. The Indian politicians have shown once again that they are the most corrupt in the world with the unraveling of new scams every weeks.
First there was the Common Wealth Games scam running into nearly 20 billion dollars followed by the Kargil building scam running into sensitive issues. Then two weeks back you had the 2G scam worth over 40 billion dollars. All these have forced the foreign investors to slowly pull out part of their investments out of India.
And over the next few weeks, they would be expecting more positive signals from the Indian government, which if it does not come, would force these foreign investors to get out of India at maddening speed. That could spell disaster for India. So be watchful if you have investments in India.
The US is heading for mid-term elections in the coming months and the Democrats are fighting a losing battle. The unemployment levels are too high and there are signs that it may continue to rise further in the coming months, say reports.
The housing scene is also not that good with no signs of any reprieve in the number of home seizures by banks , from defaulting loan takers.
The trade deficit continues to zoom further as exports are not picking up at the required pace. To seal the problem further there could be a cut down in the investment on US treasuries by Japan and China in the coming months. That could force the US to start moving up the interest rates, which in turn could pull down the markets.
The tightening of the spending by the European countries including the richer Germany and France, are only going to make the US exports further go down.
Nothing is going right for the world’s largest democracy and it would be fair to expect the markets to crash by the end of 2010, if not earlier.
The Year 2008 and 2009 belonged to China, Australia and India, in that order and the year 2010 may also see a decent growth rate for India.
The year 2011 could well be the best year for India for various reasons. First the second largest populated country of the world has seen a decent annual monsoon rainfall, which means better output of food for the millions of growing middle class Indians. Also that means some extra agricultural produce for exports at highly attractive rates.
The country has found crude oil and gas in the recent past, which are adding up the local contribution in a big way in the last two years.
Also the country is seeing a major increase in domestic demand for all products and services due to the increasing individual incomes. Add to this the ability of the country to grab every opportunity to grab high value information technology jobs from US and Europe , which are scouting for ways to cut costs and stay afloat.
Higher domestic growth rate with low dependence on exports is helping the country to attract more foreign capital at low interest rates. Also it has a good restriction on capital account convertibility, which is helping it to save itself from the mercy of the dangerous foreign hedge funds.
The Asian Terror centric country, Pakistan, has already been battered in the last few years due to faulty governance. The country is now getting battered by the mother nature, and massive floods have drowned over 10% of the country and forced innocent people out of their livelihood.
Over two million people have been rendered homeless and are surviving for the last few weeks without proper food / shelter / sanitation / medical support. The World Health Organization is expecting a massive pandemic outbreak in the flood affected zones in the coming weeks.
World economy is like a three interlocking puzzles America,Europe and China. The three countries are facing different challenges and are intertwined in the global networking. The fragility in the global economic system needs open mind to come to know about risks. There has been a positive outcome for the world economy in spite of contradiction between the three countries.
The consumer spending of US has been in a moderate level and the market of China is drying up. The debt crisis of Europe is the biggest problem has been at ease at present and decreased fears. The analyst feel that different governments have taken p austerity plans to increase the growth of their countries. The renewed confidence of emerging markets have created the domestic markets and shows the crisis will not stay long.
The biggest worry for China is involves policy mistake will require slowdown and control the inflation. The customers of US are known for their resilience and have gained a renewed confidence from past few months. The signs of rebound can be seen from the Chinese authorities and Europe. These are surveyed report of many economic blogger opinions covered to form a world economy.
The floods have taken lives of 701 people in China for the present year.People can still expect some more heavy rains in nine provinces.State Control Board and Drought relief head quarters said in the starting of the year some 347 people were missing due to the flood.The flood which happened recently killed 187 people and left 173 missing.
As many as 15 provinces were hit by the torrential rain and a tropical storm forecast is been identified. President has ordered ensure the safety of citizens and properties.The economic loss due to the flood in China comes up to 142 billion yuan and for the present month the loss is 38 billion yuan.The floods have damaged 7 million hectares of farm land and 645,000 houses for this year.
The torrential rain and pests may cause 10% of loss to the world’s largest grain producer. The uncontrollable rain has caused much damage to the early rice crops.The most affected province which had much rain was the jiangu province and Anhui. The flood has obtained a good amount of electricity of 6.78 billion kilowatt. Within a week other provinces like Sichuan, Henan, Hubei, Yunnan, Guangxi and Guangdong are expected to receive heavy rains.
