Categories
Conflict & disaster

[1340] Of drawing parallel between the partition of Iraq and the Balkan states

The New York Times today draws a parallel between the Bosnian conflict and Iraq. The article visits one of the solutions that could end inter-communal violence in Iraq and that solution is partition, just like what happened to Bosnia, Croatia and Serbia. The article further states three reasons why the Balkanization of Iraq might not be as successful as the Balkanization of the Balkans.

Number one:

The first crucial condition for the former Yugoslav republic of Bosnia was that it was already carved up. When negotiators gathered at Dayton, the raging violence had succeeded in paring, pushing and repulsing Catholics, Eastern Orthodox Christians and Muslims into mostly coherent enclaves. War created a sustainable map on the ground. The task facing diplomats was to get it in ink.

Such a map is far from drawn in Iraq. Although two million Iraqis have fled the country and another two million are displaced within Iraq’s borders, up to five million more — 20 percent of the prewar population — would have to be moved to create an ethnically coherent place. [Divided They Stand, but on Graves. New York Times. August 19 2007]

Number two:

The second unmet condition is that by 1995 in Bosnia, all three sides had fought themselves to utter exhaustion. In Iraq today, polls show that average citizens are exhausted by the war, but militia-style fighters loyal to the three sectarian factions remain fully tooled for combat — just warming up for advanced bloodletting. Foreign fighters and foreign weapons continue to flow into Iraq over its porous borders. [Divided They Stand, but on Graves. New York Times. August 19 2007]

Number three:

Which underscores the third condition not visible in Iraq. A genius of the Dayton process was that the outside powers arming and inspiring the Bosnian violence — Slobodan Milosevic, the Serbian dictator, and Franjo Tudjman, the Croatian strongman — were at the table along with their Bosnian proxies and Muslim representatives.

With their signatures on the accords, the flames of outside agitation were extinguished.

By contrast, the Bush administration has been unwilling or unable to cajole Iran and Syria into a full diplomatic partnership to end the anti-government and anti-coalition attacks in Iraq. There appear to be few prospects of expanding direct dialogue, especially with Iran. [Divided They Stand, but on Graves. New York Times. August 19 2007]

I have shared my sentiment against turning Iraq into a 3-state federation. Nevertheless, daily reports of violence in Iraq has forced me from being against, to nearly neutral of the prospect of a federation, or even partition.

Categories
History & heritage

[1339] Of in the name of the Republic

I love paintings, especially if there are inspiring stories behind it. I have said so earlier and I do not mind saying it again. And below is one of those paintings.

Public domain.

Painted by Cesare Maccari, the painting is entitled Cicero Denouncing Catiline.

Here, Cicero, standing in the middle of the forum, is exposing a plot to overthrow the Roman Republic to the Senate. Sitting alone in the far right is Catiline, the leader of the conspiracy; it would be sucked to be him.

Categories
Earthly Strip Environment Politics & government Science & technology

[1338] Of Earthly Strip: 0.01 °C? Big deal…

Some rights reserved. By Mohd Hafiz Noor Shams.

Before correction:

Fair use. Deltoid http://scienceblogs.com/deltoid/2007/08/global_warming_totally_disprov.php

After correction:

Fair use. Deltoid. alt=

Ahem…

Some rights reserved. By Mohd Hafiz Noor Shams.

To find out more, visit RealClimate.

More info? Go to Wired Science.

Categories
Economics

[1337] Of Fed cuts discount rate!

The Fed, in a surprise announcement in Washington, lowered the so-called discount rate by 0.5 percentage point, to 5.75 percent. Policy makers dropped language indicating their bias toward fighting inflation, and instead highlighted a rising threat to economic growth. [Fed Cuts Discount Rate to 5.75% to Ease Credit Crunch (Update4). Bloomberg. August 17 2007]

Economic slowdown has taken over inflation as the greater concern!

I cannot wait to see what will happen to the federal fund rate in about a month time! By the way the market is reacting, the FFR might stay unchanged though.

It is worth noting that the T-bills yield curve is slight inverted in the short run and pretty much flat in the long run.

Mohd Hafiz Noor Shams. Some rights reserved Mohd Hafiz Noor Shams. Some rights reserved Mohd Hafiz Noor Shams. Some rights reserved

p/s — amid the cut, dissent emerges. The reason for dissent against rate cut revolves around the economic concept of moral hazard.

The subprime crisis is really created by borrowers lending to those that do not have the credit rating to borrow money. With the Fed coming out to bail a risky market, it only encourages risky activities to continue because lenders know that the Fed provides them with a safety net. This is why bail out is usually frowned upon.

Normatively, I am against rate cut but a rate cut is what I am expecting as far as the subprime mortgage episode is concerned.

This issue surrounding moral hazard might prevent the FFR from declining next month. So, the roller coaster ride might not end just yet.

Categories
Education

[1336] Of congratulations yet again, sir

PUTRAJAYA: Datuk Alimuddin Mohd Dom has been named the Education Ministry’s new director-general.

Minister Datuk Seri Hishammuddin Tun Hussein described Alimuddin, formerly deputy director-general (schools), as experienced, fair and hardworking. [Alimuddin named Education Ministry’s new DG. The Star. August 17 2007]

He was appointed to the position of deputy DG back in March.