Εμφάνιση αναρτήσεων με ετικέτα comeback. Εμφάνιση όλων των αναρτήσεων
Εμφάνιση αναρτήσεων με ετικέτα comeback. Εμφάνιση όλων των αναρτήσεων

Τετάρτη 3 Απριλίου 2013

Threat of Islamic Militant Comeback in Mali Threatening French Withdrawal Plan


The French may not be leaving
Mali as quickly as they would like.


French President
Francois Hollande
had said that he wants the number of French
troops in Mali to be cut to 1,000 by December from the roughly
4,000 troops that are there now. United Nations Secretary-General

Ban Ki-moon
has said that a UN peacekeeping force could be made
up of African soldiers that are already assisting Malian and French
forces.


However, despite plans for a UN peacekeeping force recent
attacks by Islamic militants and the political situation in Mali
mean that the French troop reduction could be delayed.


From
Reuters
:



Last weekend Islamist militants launched their second attack on
Timbuktu in a fortnight, shortly after French President Francois
Hollande insisted the elections must take place as scheduled and
unveiled the plan to slash troop numbers.


Launched in January, the French-led offensive quickly succeeded
in pushing a mix of Islamists out of their northern strongholds and
remote mountain bases, hitting the local leadership of the al
Qaeda-linked groups.


But new clashes have followed a handful of suicide attacks and
raids on towns won back from the rebels, underscoring the task of
securing the country as France prepares
to hand over to the Malian army and a 7,000-strong regional African
force.


The nightmare scenario is that of a repeat of the Afghan war,
where Taliban insurgents have prevented a full pull-out of NATO-led
troops after a 13-year conflict that has cost tens of thousands of
lives.



While it is understandable that the French would like to avoid
their own Afghan war there is the possibility that Islamic
militants will return to northern Mali after the number of French
soldiers is reduced. It is easy to see why those living in northern
Mali who experienced the rule of Islamic militants would not be
reassured by a mere 1,000 French troops, a U.N. peacekeeping force,
and a disorganized Malian military that is facing accusations of

human rights violations
.


As well as the possibility of Islamic militants returning there
is also the ongoing issue of
slavery
to worry about, with some Tuaregs who are seeking
independence in northern Mali but who have distanced themselves
from Islamic militants continuing the practice of slavery. Despite
the French-led intervention 250,000 people still live in conditions
of slavery in Mali.


From
The Guardian
:



The recent French intervention in Mali does seem to be paying
some security dividends with most of the Islamist fighters driven
out of the main urban areas. But many slaves and ex-slaves say they
still do not feel safe, since a new Tuareg group, the Islamic
Movement for Azawad, is in control of the remote town of
Kidal. 



The unfortunate reality for the French government is that if
they wish to leave Mali in a safer, more secure, and politically
stable situation they may have to stay longer than they initially
anticipated, which will almost certainly have effects on the
government’s popularity in France.

Τετάρτη 27 Μαρτίου 2013

STOCKS MAKE BIG COMEBACK: Here's What You Need To Know (DIA, SPY, QQQ)

pillars Salamis Cyprus

Markets opened deep in the red with the Dow down by as much as 120 points.  But stocks slowly ground higher.

First the scoreboard:

Dow: 14,526, -33.5 pts, -0.2 percent
S&P 500: 1,562, -0.9 pts, -0.0 percent
NASDAQ: 3,256, +4.0 pts, +0.1 percent

And now the top stories:

  • In case you haven't been following, the S&P 500 is just a handful of points away from its all-time high of 1,565.
  • The U.S. markets actually began the day deep in the red.  Much of the bad news was coming out of Europe where Italy is in disarray and Cyprus makes plans to reopen its banks tomorrow.
  • For the next seven days, Cypriot bank account holders will not be able to cash any checks, however they will be welcome to make deposits. Also, all card transactions will be capped at 5,000 euros.  These capital controls are intended to prevent a run on the banks, which would be devastating for the very financial system that Europe is trying to preserve.
  • "The Troika have managed to exponentially increase concerns on how safe retail deposits are in the eurozone," wrote Societe Generale strategist Albert Edwards. "It matters not that the final Cypriot bailout plan did not touch smaller savers unlike the original proposal of a 6¾% tax (haircut) for ALL deposits under 100,000 in ALL banks (including foreign bank subsidiaries). The fact that this plan was originally sanctioned, despite deposit insurance, will have shaken small saver confidence to the bone. It certainly has shaken my confidence."
  • In the U.S., pending home sales fell by 0.4 percent in February, which was a bit worse than the 0.3 percent expected by economists.
  • Still, the overall trend in the U.S. housing market continues to be as strong as ever.  Anecdotal evidence suggests some local markets may be getting a bit too hot for comfort.  "People are fighting other people," said Jeff Gundlach of the Southern California housing market. "It's almost the same type of environment I remember from the late 1980s."
  • Don't Miss: At A Conference In Dubai, David Kotok Gave This Presentation On The Precarious State Of Global Monetary Policy >

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