Thursday, March 31, 2011

TODAY in the news

TOP 10 DYING U.S. INDUSTRIES from IBISworld. (via NPR)
Thankfully, newspaper publishing is No. 3.

LIBYA's (MAYBE) NEW AMBASSADOR TO THE UNITED NATIONS
Nicaragua said a former Nicaraguan foreign minister who once called Ronald Reagan ''the butcher of my people'' has been appointed to represent Libya at the United Nations after its delegate was denied a visa. He will replace the Libyan ambassador who defected in late February. (The Sydney Morning Herald)

Miguel D'Escoto Brockmann, 78, a Catholic priest, might not be able to accept the assignment. He's in the U.S. on a tourist visa, which Susan Rice, U.S. Ambassador to the UN said, did not permit him to act as the representative of a foreign government. ("Colonel Gaddafi's support for the Sandinista movement in Nicaragua dates back to the 1970s, when Sandinistas received guerilla training in Libya.") Hmmm. Sheeze, weren't the Democrats rooting for the Sandinistas back then?

Brockman was the President of the United Nations General Assembly from September 2008 to September 2009, he presided over the 63rd Session of the United Nations General Assembly. Wikipedia entry.

ADOLPH EICHMANN - Holocaust figures in a graph from Der Spiegel story on the capture of Adolph Eichmann and "industrialized mass murder." West Germany did not want to find him.

PERU WELCOMES BACK INCAN ARTIFACTS taken from Machu Piccu. BBC News

JIMMY CARTER criticises US Cuba policy in a visit to Cuba. BBC News
If only they would keep him. As Instapundit noted yesterday: "Jeez. And we probably have decades of similar stuff to look forward to once Barack Obama is an ex-president."

DEMOCRATS IN TEXAS want Tommy Lee Jones to run for senate. Houston Chronicle via Sydney Morning Herald.

U.S. UNEMPLOYMENT RATE
Gallup Finds U.S. Unemployment Rate at 10.0% in March
Money quotes: "Despite the March uptick, Gallup's view of the U.S. jobs situation remains substantially less optimistic than the government's recent unemployment report might suggest." ... "This suggests that recent behavior on Main Street does not reflect the government's rosier assessment."

PORTUGAL FACTS
  • Portugal has about €9 billion ($12.7 billion) in debt coming due in the next three months.
  • Analysts at Barclays Capital (BCS) estimate the government has no more than €5 billion in cash available.
  • Portugal's gross domestic product of €162 billion is about 30 percent less than the market capitalization of Apple.
  • Portugal is the poorest of the original euro zone countries.
  • Unemployment is stuck at 11.1 percent, and the economy is expected to shrink 1.4 percent this year.
Source: A Bloomberg Businessweek article: "Portugal: A Bailout Is Just the Start" (March 31)

IRISH BANKS REQUIRE an extra €24 billion recapitalisation. (Irish Times)
This will be the fifth attempt to recapitalise the banks. It brings the cost of bailing out the sector up from €46 billion to €70 billion. Money set aside from the 85bn euro EU-IMF bail-out agreed to in November will be used. (See where the rest of the money comes from in a box at the BBC story.)

You can see why in this unrelated but relevant story. The mews houses in 2008 were priced at over €1 million each – "pretty standard at that time for a swanky two-bed mews in this neighbourhood, with all the must-have designer touches." Now they are back on the market – this time for €380,000.

AND, YES, IRELAND HAS A MILITARY. CIA Factbook page for Ireland. Wikipedia entry for Defence Forces (Ireland).

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