Palesinian Bid For Statehood Fails In UN

Palestinian Bid For Statehood Fails In UN
Today, a draft resolution to set a deadline for to end its war with Israel failed in a vote of the United Nations Security Council. The result was not surprising because the US already had voiced its opposition to the effort.

The resolution failed to win the nine-vote majority required for approval, the Associated Press reports. Eight countries voted in favor of the resolution, while two opposed (U.S. and Australia), and five abstained.

In addition to requiring Israeli security forces to withdraw completely from the West Bank by the end of 2017, an amendment offered Monday would have called for East Jerusalem to be the capital, while a previous draft allow it to be capital of both Israel and Palestine, reports The Wall Street Journal.

The Palestinians have threatened retaliatory measures, but its next steps are presently undetermined. The London Telegraph lays out what the resolution was demanding and what the impact of its failure could be.

Germans Voice Concerns About Losing Privacy
A new report reveals German domestic spying operations on an estimated 550 domestic Islamic State sympathizers.  Germans are struggling with making the choice between privacy and fighting terrorism, which with a large Turkish Muslim population is at risk of a homegrown Islamic State attack.

More than 550 German citizens have gone to Syria, officials said, and at least nine have killed themselves in suicide attacks.

“The exodus is part of a much broader flow of more than 15,000 foreign fighters who have entered Syria over the past four years from 80 countries. At least 3,000 of them are from Europe — the largest contingent of Islamist jihadists with Western passports that counterterrorism agencies have ever faced.

“As a result, nearly every country in Europe is turning over significant data on their own departed fighters to the United States. Some of these nations, including Germany, have capable security and intelligence agencies of their own. But even their combined resources probably cannot match the scope and reach of their U.S. counterparts,” writes The Washington Post’s Greg Miller.

Low Oil Prices Is Good News For Consumers, Bad News For Africa
Amadou Sy of the Brookings Institution examines the impact of low oil prices on African nations, which could be bad news considering many are heavily dependent upon oil exports.

For example, oil exports account for 40-50 percent of GDP for Gabon, Angola and the Republic of the Congo, and 80 percent for Equatorial Guinea. Similarly, Angola, Republic of Congo and Equatorial Guinea, oil also accounts for 75 percent of government revenues.

That risk, Sy argues, extends beyond merely slowing economic growth, but could have political consequences.

“In addition, some highly oil-dependent countries may not have sufficient fiscal buffers to absorb the falling price of oil. As a result, governments will have to adjust their expenditures and/or devalue their currency, which could lead to higher inflation. Both lower expenditures and higher inflation could be catalysts for social unrest, especially when they affect some segments of society that are quick to voice their discontent such as students and unions,” he says.


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