Category Archives: Business/Economics

Glorious articles

My post on the trip to Germany is taking longer than expected, largely because I’m sorting out a few photos to go with it. In the meantime, here’s more of what I’ve been reading over the last 24 hours, some of which has appeared in my del.icio.us feed.

BBC: Astronomers find a planet 70% larger than Jupiter. That would make it the biggest extra-solar world yet known.

CNet: Is a time machine possible? An Israeli professor is examining ways to curve space and time.

Ars Technica: Blogging to reach its peak in 2007. There are also 200 million ex-bloggers, apparently.

Scientific American: Guerilla wi-fi to put a billion more people online. A US firm plans to change the world.

That’s Ireland: Temptresses, winged frogs and Vatican demons. A deconstruction of the first issue of The Hibernian, a monthly magazine dedicated to “faith, family and country”.

International Herald Tribune: Wayward police officers must wear pink armbands of shame. If you’re a copper in Bangkok and you break the rules, you get to wear a Hello Kitty armband.

Slate: How “educational” baby videos stupefy kids. Children are better off watching things like American Idol, it seems.

Scholars and Rogues: Ending poverty means abandoning charity and accepting reality. Long-term charity is not the way out of poverty.

More articles

Work has been the priority and the long hours have left little time for blogging… but here’s what I’ve been reading in recent days (not all of it has made it to my del.icio.us feed).

CNet: The Microsoft albatross. Don Reisinger says the company needs to abandon Windows after creating one more operating system.

Earth2Tech: EcoWeb tool, LocalCooling.com. The site says its downloadable power-saving software optimises your PC’s power consumption through what it says is a “more effective” power saving mode. I haven’t tried it out yet so I can’t say if it’s too good to be true or a revelation.

Scientific American: Why we quit. A look at why more US college students drop out than graduate.

International Herald Tribune: Murdoch set to win control of Wall Street Journal. A story which was also reported in the Journal.

Harry McGee: The line is going to be Brian. Why Irish politics is going to revolve around the Finance Minister and heir apparent to Bertie Ahern’s throne.

Arms deal

The Bush administration wants Congress to approve a $20 billion (E14.65bn) arms package for Saudi Arabia.

The deal would include satellite-guided bombs and upgrades to fighter planes and warships, but pale in comparison to the $30bn package in the offing for Israel.

Such sales are part of life. Countries want to improve their defence forces and companies want to make a few quid. But this is a political deal, something The New York Times buried a few paragraphs into the story.

[Bush] officials said the plan to bolster the militaries of Persian Gulf countries is part of an American strategy to contain the growing power of Iran in the region and to demonstrate that, no matter what happens in Iraq, Washington remains committed to its longtime Arab allies.

Later in the story:

Along with Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates are likely to receive equipment and weaponry from the arms sales under consideration, officials said. In general, the United States is interested in upgrading the countries’ air and missile defense systems, improving their navies and making modest improvements in their air forces, administration officials said, though not all the packages would be the same.

Saudi Arabia isn’t looking for the weaponry. The materiel is being offered to it, clearly with the expectation the Saudis will jump at the opportunity. An agreement is expected in the autumn.

I actually laughed at this paragraph:

Worried about the impression that the United States was starting an arms race in the region, State and Defense Department officials stressed that the arms deal was being proposed largely in response to improvements in Iran’s military capabilities and to counter the threat posed by its nuclear program, which the Bush administration contends is aimed at building nuclear weapons.

How on Earth is pumping billions of dollars into several nations’ militaries not starting an arms race? Iran’s nuclear ambitions are a matter of debate, although it has signed the Non-Proliferation Treaty, unlike India with which the US signed a nuclear deal earlier this week.

Economic and political interests are driving this deal. Selling $20bn of arms to Saudi Arabia will go some way toward redressing the balance of trade between the countries — a balance of trade in favour of the Saudis due to oil exports. A strong US relationship with the kingdom is one way to ensure future supplies of black gold, even if these will be exhausted in a few decades.

America has a long-standing relationship with Israel, which explains the arms offer to that nation. Unfortunately, this deal between allies runs the risk of fueling regional tensions.

Of course, there’s no guarantee the Middle Eastern countries will accept the arms packages. It will be interesting to see what the deals entail for individual states.

Breaking wind

Some good news on the climate front and an opportunity for a childish giggle (it’s my birthday, allow me these little foibles).

Latest figures show 15,200 megawatts of wind turbines were installed worldwide last year. This increased global wind power capacity 26% to more than 74,200 megawatts, enough to offset 43 million tons of carbon dioxide (or that produced by 8m cars).

Granted there is a long, long way to go before CO2 output is properly capped. The 43m tonnes is only 5% of global emissions. It is progress though — and it’s heartening to see that China is likely to be the world’s top wind power producer in a few years. Also, a researcher involved in the study claims wind could reduce CO2 emission growth by 2015.

Spain last week authorised the development of wind farms along its coastline, while Denmark is aiming to provide 50% of its electricty from wind turbines.

As the supermarket ad says, every little bit helps.

Home at last

The six medics convicted of infecting 460 Libyan children with HIV have been released and are back in Bulgaria.

They had been spared the death penalty in favour of life imprisonment after a compensation deal (reputed to be $1m per child) was reached with the childrens’ families. Now it seems a political deal between the EU and Libya has got them out of prison.

I’m glad they’re free. The case was a farce and an example of outsiders being blamed for internal errors — during the trial a French scientist testified poor hygiene at the hospital likely led to the contamination of the blood used in the transfusions. This happened in 1997, two years before the medics arrived in Libya. They had confessed, but have since alleged this was tortured out of them.

While I welcome their release I have some concerns about the deal. The EU and Tripoli have apparently agreed a “partnership” (or at least agreed to work toward one). What this will entail is unclear. The first thought I had when I read the term “partnership” was of Libya joining the union. Perhaps it was just a stray neuron hoping to go out in style.

Libya has for the last four or five years been attempting to normalise relations with the world at large.

The country is wealthier than most in northern Africa because of its oil reserves — reserves which have recently been opened up to foreign companies. The medics’ case has blocked closer ties between the EU and Libya, but now the case has been resolved political and economic progress can be made.

Economically it makes sense for the EU to court Tripoli. I think it can be taken as given that the oil supply across Terra has been drastically depleted — and cordial relations between the union and Gaddafi’s country would certainly allow Europe freer access to such badly needed reserves.

Libya’s coast is not that far away from Italy. Pipelines have stretched further; for example, gas pipes stretch from Russia to western Europe.

I hope I am just being cynical. I would like to think there were altruistic concerns, and that the medics were brought home simply because of the injustice of their situation. But the skeptic in the back of my mind insists something else has happened. I fear the medics’ situation has been used for political gains on both sides. I hope I’m wrong.

Update 26/07/07: French president Nicolas Sarkozy had met with Gaddafi, promising to help Libya rejoin “the concert of nations”. The article points out that French firms have been losing out since US companies re-entered the north African country, so Sarkozy is eager to make sure things don’t go to pot.

A line from the Libyan foreign minister has me concerned, though. He said France and Libya are to sign an agreement on “co-operation on a military-industrial partnership”.

I appreciate France’s historical ties to Africa, although it never ruled over Libya. However, I don’t see the logic of forming such a partnership.

France is a major arms exporter, so in that respect the deal would probably benefit most Gaddafi’s nation (and the arms manufacturers too). But why sign the deal? That it’s “military-industrial” implies a manufacturing aspect to the agreement. Does it mean French arms firms will be setting up shop in Libya, or that a multimillion-dollar revamp of the Libyan armed forces is on the way?

I’ll watch this with interest. Is France preparing an anti-terror front? Is it securing its business interests in north Africa? Is it making a good diplomatic impression to ensure preferential access to Libya oil? Perhaps all of the above and more.