Global Report 20 nov. 2009

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Uploaded by on Nov 20, 2009

Choice between Mercedes Benz and Volkswagen Passats, to judge Kenyan ministers austerity

The Benz is to be replaced with Volkswagen Passats, which not only cost about two-thirds, the price of a new Benz in Kenya, but are also cheaper to run and maintain. But this being Kenya, controversy has now arisen over why VW Passats and not any other brand, this comes only a few days to the deadline, November 30 of handing over the Benz in exchange of a Passat. Though a number of ministers have handed over the Benz for Passats, still a good number have sworn to cling on the expensive cars insisting that the whole VW issue was not transparent. The bone of contention now remains why all the 126 new Passats came from a single dealer, CMC Motors, which has the Volkswagen license for Kenya and also enjoys strong political connections. The government stands accused why it never ever issued a competitive tender for the cars but this to many Kenyans couldn't be a serious issue, to us this is a delaying tactic by those who do not want to leave their expensive cars, they do not pay taxes yet the taxpayer has to cough millions of dollars for their maintenance so we would be more than happy if first they handed over the Benz and argue from that point may be we would listen then.


Drug lord Joaquin "El Chapo" Guzman on Forbes Magazines "World's Most Powerful People" list

Forbes Magazine named drug lord Joaquin "El Chapo" Guzman — a fugitive reputed to be hiding in the mountains of northern Mexico — to its list of the 67 "World's Most Powerful People" on Wednesday. At No. 41 on the list, Guzman is ahead of Oprah Winfrey and presidents like France's Nicolas Sarkozy and Venezuela's Hugo Chavez. Forbes noted Guzman's profession as "drug trafficker" on the list published Wednesday on its Web site. "This ranking is intended to be the beginning of a conversation, not the final word,""Do despicable criminals like billionaire Mexican drug lord Joaquin Guzman ... belong on this list at all?"Last March, Mexican officials decried Forbes' decision to include Guzman on its list of the world's billionaires, saying that wrongly compared him to legitimate businessmen. At the time, Forbes' estimated Guzman's fortune at $1 billion. The office of the presidency said it had no immediate reaction to his inclusion on Wednesday's list.


Terrorist violence, inflation, deepen Pakistans economic hardships

In all the worry and flurry about terrorism and ongoing political turmoil, the countrys leadership seems to have ignored the basic necessities and living conditions of the poor part of our population. Businesses and productivity are declining and inflation rising alarmingly. Daily life commodities like sugar are not available to people at affordable prices. Even the middle class is under financial strain while electricity tariff keeps climbing and banks and companies charge more every few months for the same kinds of services. It has become crucially important now more than ever before to stop inflation from rising at the same rate. The urge of the business community on the State Bank of Pakistan (SBP) to bring inflation under 10 percent is one of the most important calls in the current economic decline and falling living standards of the countrys majority of population. Will the government seriously consider it? If it does, it may be able to restore the continuing loss of trust that is undermining its image in the eyes of its people. What the country needs at this moment in time is the assurance of getting basic necessities of life without any suffering.

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  • El Chapo is my Hero

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