The Gulf Cooperation Council (GCC) hopes to achieve a monetary union, with a common currency, by 2010. Bloggers from the region, which groups Bahrain, Kuwait, Saudi Arabia, Oman and the United Arab Emirates, debate the merits of the union and more importantly what name they want for their new currency.
And although politicians and economists are yet ironing out the details of the union, the term Khaleeji, which is Arabic for “of the Gulf,” has been proposed for the joint currency. Another name which features high up on the list of choices, which so far includes around 14 proposed names, is Karam, which means generosity in Arabic.
Saudi Ibrahim, who is not pleased with a currency carrying the name Khaleeji, asks his readers to suggest better names for the common currency:
The blogger even jokes, suggesting a name:
He continues:
From Kuwait, Jandeef too isn't happy with both Karam and Khaleeji and notes:
At online forum Garaaam Assaf argues that the current global economic crunch offers the best opportunity to break free from having GCC currencies pegged to the US dollar:
The US' accumulating debts leaves the American administration with two options:
1. Not repaying the debts
2. Continue with inflation, which will in turn, impact the currencies pegged to the US dollar and thereby create higher inflation.
In addition, GCC investments exceed $700 billion and it is natural that they are effected by what the dollar is experiencing. In my view, this could be a pressing excuse for a common GCC currency to be issued.
At the Ajman Tribe Forum Computer Eng is not keen on having Kuwait as part of the project, saying:
Al Saha reports that 14 names have so far been suggested for the common currency.
At Cyrrion, a blog of the Internet encyclopedia of world coins, Stefan Pernar admits his surprise that mainstream media did not pick up the news. He explains:
There is something that is not only new, but something that for the most part has been overlooked by the majority of the news outlets that at least I use to frequent. When GCC leaders concluded their 29th annual summit meeting in Muscat, Oman at the 31st of Dec 2008 with a final approval for the creation of a single currency for the six-nation economic bloc the I certainly did not hear about. Meet the Khaleeji. It is the upcoming common currency of the Gulf Cooperation Council scheduled to go live in 2010.
The Mexican federal government recently updated information about its expenses and its budgets on their transparency website called the Governmental Transparency and Access to Public Information Portal [es]. Information can be found for activities by many of the country's public institutions including the amount spent, as well as the respective date. Using this public information, many bloggers have identified expenses for questionable recreational activities that have cost taxpayers hundreds of thousands of pesos.
In the blog Taller de Música Popular El Cántaro [es], the article “On what are they spending our tax money?” selects 10 “absurd” expenses with their respective links to the site. For example, the Secretariat of Revenue and Public Credit spent money on a private family function [es] with the Circus Atayde Brothers [es] at a cost of 315,000 pesos (approximately 21,000 dollars)
This article has been very popular in the Mexican blogosphere and was selected to be republished on other sites that attract many more visitors. For example, the article was posted on the group blog Hazme el Chingado Favor [es], where it received nearly 200 comments. The user Mmm (#39) comments on the post:
se supone que el portal de transparencia es precisamente para que se vea en que se gasta la lana, pero no dice que se debe hacer si estas inconforme osea que nomas nos aguantamos? porque no creo que los legisladores esten atentos a que comentamos para cambiarlo porque no nos gusta
It is assumed that the transparency portal will be used to see where the money is being spent, but it does not say what one should do if you are not in agreement with these expenses, but instead we must just put up with it? I don't think that the legislators are aware of what we are saying in order to change it because we don't like it.
On the published list, others on the Hazme blog continue to look for other expenses on the Transparency list (comment #102), such as this by the state-owned Mexican bank:
Que poca madre!, si solo me llevó unos minutos en el sitio para encontrar más pendejadas de mismo tipo, ejemplo: “ADQUISICION DE QUESO HOLANDES TIPO “BABY EDAM”, PARA INTEGRARLO A LA CANASTA NAVIDEÑA DE BANCOMEXT.” $151,200.00
Hay cosas que el dinero no puede comprar… para todo lo demás está.. Bancomext.
Shameless! It only takes a few minutes on the site to find more ridiculous things, for example: “ACQUISITION OF DUTCH “BABY EDAM” CHEESE FOR CHRISTMAS BASKETS FOR BANCOMEXT” $151,200 (pesos)
There are things that money cannot buy… for the rest there is Bancomext.
Another web campaign is using social media tools like blogs and Twitter to raise awareness of wasteful governmental spending. The blog Gasto Inútil [es] (Useless Expenses) has also been collecting examples of questionable expenses within the government. Its Twitter account @gastointuil interacts with other Mexican citizens to identify some of these examples.
Link to Photo
A massive fire gutted Kampala's Owino Market early Wednesday morning, seriously injuring five people and destroying thousands of stalls. As many as 25,000 traders, mostly women, are estimated to have suffered losses.
Owino, also known as the Nakivubo Park Yard and St. Balikuddembe Market, is Kampala's largest market and has been at the center of several controversies involving leasing rights. Recent plans to build a new bus terminal at the Nakivubo Stadium next door have sparked anger among vendors, who will lose their space if the development proceeds as planned.
Uganda's Daily Monitor is reporting that the fire started at a hole in the wall separating the market from the stadium, and many victims are accusing the bus company that wants to build the terminal of arson. Some bloggers agree.
Phantom at Even Steven writes:
The Market got burnt. I am staying with arson because those who should know, albeit having said it in the throes of grief, maintain that someone burnt down their lives. Listening to P. K. Bbosa in the evening while he hosted some traders, it came out that the Minister Matiya Kasaija and his counterpart Disaster Preparedness State Minister Musa Echeru had happened upon what should have been immediately bagged as critical evidence: a kavera (Ed.: plastic bag) and a little can that had previously obviously held petrol. That the Police did not take these items is really worrying.
Geria at Ariaka wonders if the fire department played a role, noting:
The head quarters of the fire fighting institution, the police fire brigade happens to be a stone’s throw away from the Nakivubo scene. They arrived at the scene 90 minutes late according to press reports.
Tumwijuke at Ugandan Insomniac laments the loss of so many livelihoods, claiming, “Every tragedy is an opportunity for change, but this is Uganda. Our learning curve is L-shaped.” She accuses the many politicians who spent Wednesday at the market of political posturing:
That there should be a National Day for the Caning of All Politicians. I spent much of yesterday afternoon at Owino Market. Within the space of about three hours, I counted 17 local and national politicians who visited the market to ‘show their sympathy’ to the vendors. Opposition leaders blamed the government for not investing in the safety of the people. Cabinet ministers made unrealistic promises of compensation. Members of Parliament said enough was enough and it was time for the people to demand more for their taxes. None of them mentioned he obvious: that the vendors were sitting on a time bomb, that the politicians all knew it and that they chose to do absolutely nothing.
Spartakuss also criticizes Ugandan politicians who “have the audacity to howl empty promises while hurling insults at government.” He writes:
I shopped there growing up [no i didn't stop, i just haven't bought clothes in a long time] and i was told by the guy who sold me shirts that the suits they unwrapped which were good were actually sold to the upmarket stores to go for upwards of UGX 1 million (Ed.: approximately $500)! Now this population is caught without an out. they have taken loans, borrowed, buried their life savings into this. 25,000 lives changed by one action. What of all their dependents, families, their children at campus? This is tantamount to terrorism!…
In the end, these are the people who work and toil and sweat and eat the sewerage that runs through their workplace are the ones who pay for everything that the politicians enjoy and covet. They are the ones who vote, the ones who take loans, who send their kids to school, who buy all that investor -produced sugar and tea! who bloody buy airtime! They are the reason that most of these banks exist! These are the reason there is a tax base in Kampala! They support this city and almost this country on their shoulders! on nothing but those lean shoulders.
UPDATE: Please see this post.
The far-ranging effects of the CL Financial failure have now reached Guyana. One blogger has been assiduously following the latest developments…
One of Living Guyana's earliest posts centered around the “breaking news” that “the Guyana Bank for Trade and Industry is in dire financial straits and has applied to the Bank of Guyana for a GY$1billion bailout.” The blogger comments:
There may be much greater troubles below the surface. The billion dollar question, experts say, is whether GBTI lost money in the aftermath of the Stanford or Clico collapse.
This further worsens the catastrophic financial situation beginning to hit Guyana in earnest following the global financial crisis of 2008. This financial devastation will have calamitous knock on effects as more than GY$6billion of National Insurance Scheme money is tied up in Clico and this will certainly affect hundreds of thousands of persons across Guyana.
In another post, Living Guyana confirms that “the Commissioner of Insurance…is in the process of petitioning the Chief Justice…to take over control of Clico Guyana owing to the [company's] dire and grave financial standing following the Clico Bahamas liquidation.” He continues:
Once the petition is granted, as it will be, Clico Guyana will come under the control of the government, meaning that Clico Guyana would have collapsed Wall Street/Trinidad style.
The domino effect of this can be catastrophic and it could be the beginning of a period of economic and financial disaster for Guyana with other companies going under and thousands of jobs being lost.
Not surprisingly, Living Guyana also posts reports of “a major run on CLICO”, even as a motion was reportedly filed to freeze the company's assets. In a recent update, the blogger also says that there has been “an internal rush on Citizens Bank yesterday after news broke of the government takeover of Clico”:
Living Guyana understands that Citizens Bank has some 25% of assets invested in Clico Guyana and staff, worried about the future of their savings, were withdrawing en masse for most of yesterday afternoon. One highly placed source described the activities at the bank yesterday as ‘a mad scramble'.
As if this weren't enough, LG also claims to have been “reliably informed” that “CLICO recently sold its stake in the Berbice River Bridge to the New Building Society [NBS] for some G$250 Million.” The blogger is also critical of the performance of CLICO Guyana CEO Gita Singh-Knight, and thinks that the country's President seemed “defeated and confused” at the press conference on the Clico Guyana takeover:
Stunningly President Bharrat Jagdeo admitted that CEO Gita Singh-Knight ignored local regulations and invested more than Clico should have overseas.
Finally, the blogger posts his impressions about the government's handling of the issue here.


About two weeks ago, I read in Tom Friedman's column in the New York Times about two young scholars from the U.S who were on a very impressive mission in India. Alexis Ringwald and Caroline Howe are touring the country in an electric/solar powered car to raise awareness about the dire climate situation in the massive subcontinent. They are encouraging the young and energetic to innovate cleaner, greener, and more sustainable sources of energy. I was very impressed with their work and decided to share their story here. Their online portal India climate Solutions includes a blog, videos, photos, information on climate in India, and a lot more:
The three Reva cars
In the launching of the tour, Caroline wrote:
To learn more about the journey and see an example of the very basic climate solutions’ films that we are encouraging youth to create about their own solutions, their own crazy ideas, and their own thoughts on climate change, please do watch our first Climate Solutions Video — our first interviews about electric cars and our very first Reva Road Trip. We were limited to 1.5 minutes to enter Google’s ReCharge IT conference with the theme of “Why I Want to Drive a Plug-In”, but think it’s another example of how video contests can inspire new films and what we are trying to do.
Alexis wrote:
It wasn’t until the 4th day that I realized the magnitude of what we were doing. On January 3, 2009, a group of passionate individuals launched on a Climate Solutions Road Tour, an epic month-long 3,500 km journey from Chennai to New Delhi, India to demonstrate that clean transportation solutions do exist and call upon automakers globally to build them.
On the 4th day of this adventure, January 7, I truly understood the seeds of revolution that we were planting on our “Drive to Change.”
Anna Da Costa, one of their project supporters, wrote:
One of the simplest and most effective climate solutions we have come across as we traverse the Indian sub-continent is solar water heating.
Here in Udaipur, a city of mirroring lakes and canals, age old palaces, ornamented and armoured gateways and sleepy walkways, we have found just one such example.
The way they work is incredibly simple; a simple heat collector (the panels you can see), made up of a heat conducting material, such as metal, holds the water in a position perpendicular to the sun in a series of small tubes which link directly to an insulated water tank where the hot water is stored. As the water is heated within the collector, it naturally moves through the system by convection maintaining a flow of water through the system, and as such keeping it evenly heated.
This is one of the cheapest and simplest ways to heat water in hot countries, and can provide up between 85-100% of hot water needs for a household. An average 50-gallon system also displaces the use of 11.1 barrels of oil per year when replacing an electrically heated system.
The president of India has recently received the climate team at her palace, and Alexis had this to say about it:
We had the incredible honor to be invited to meet President Patil, the honorable President of India, at her home at Rashtrapati Bhavan! She was thrilled to hear about our Climate Solutions Road Tour and was supportive of our efforts to take action on climate solutions. We hope that all Heads of State around the world recognize the young people in their countries who are making a difference on this issue!
(Image credit: India Climate Solutions)
Over a week has passed since now-infamous footage of Japan's former finance minister Shōichi Nakagawa stumbling through a 20 minute speech at the G7 meeting in Rome made world headlines and hit the top of YouTube charts. While Nakagawa at first blamed his performance on cold medicine, it was later revealed [ja]
by Rintaro Tamaki, director general of the Finance Ministry's International Bureau, that the former finance minister had been drinking wine with female news reporters prior to his appearance (although reportedly only having “tasted [the wine] with his lips”); later reports that Nakagawa had also misbehaved at a subsequent visit to the Vatican only added fuel to the fire.
Nakagawa's eventual resignation and replacement by Kaoru Yosano didn't stop the flood of commentary in blogs and forums. The game industry, meanwhile, jumped at the opportunity and developed a game for mobile phones in which users earn points by getting the minister to answer questions at the press conference in order to boost his approval rating.
Given that there are thousands of blog posts on the Nakagawa affair in the Japanese blogosphere, the best I'll be able to do here is to feature one small sample. One interesting view was expressed by blogger Naoto Yamamoto (山本直人), who sees Nakagawa's performance at the press conference as a chance to show the world that Japanese people are human. Yamamoto writes:
中川昭一は、もはや日本を代表する「グレート・コミュニケーター」と言ってもいいのではないだろうか。
彼の記者会見が問題なのは「飲酒疑惑」とか「しどろもどろ」とか、そういう水準のものではない。
ネタとしてあまりにも「面白すぎる」ということにある。
しかも、表情も言葉も動画的だ。そしてさらに凄いのは、国境を超えて「面白い」ということだ。
You Tubeでは”Japanese finance minister drunk at G-7”というわけで、他にも結構アップされている。
これは、「グローバルなコミュニケーション」で悩む、マーケターや広告関係者は見習わなくてはいけない。
「日本語だから通じない」という常識を、彼は覆している。とにかく、変なものは変だ。そして、あの眼の危なさ。眼の持つインパクトをあそこまで具現化したケースがあっただろうか。あの鬼気迫るというか幽体離脱したような眼の前では、オバマやヒラリーは「ハリウッド俳優が演じる政治家」にしか見えない。
そして、所作。あらぬ方向を探して、それをサポートしようとする白川総裁のキャラもあいまって、無声映画でも通用するような振る舞いだ。チャップリンやキートンも、こんな演技はできないだろう。
もしかしたら彼はこの記者会見のおかげで大臣の座を棒に振るかもしれない。だが、彼はそうして身を挺して、「グローバルなコミュニケーションのあり方」を私たちに教えてくれたのだ。
あの会見が元で石もて追われるように、政界の中央から去る可能性もある。でも、しばらくしたら「泣いた赤鬼」に出てくる、「青鬼」さんのような人だったことが分かる日かもしれない。
At as subjectively as possible, blogger Tamagawaboat expresses a similarly sympathetic view:
旧来の日本人は、
人間臭い失敗に対し「人間的な可愛らしさ」を憶えるほど
寛容であったはずだ。
日本人を「無表情で何を考えているか分からない」などといった
「エコノミック・アニマル」的ステレオタイプに嵌った外国の人が、
「日本人も俺たちと同じ人間なんだ」と安心できたのでは?
YouTubeの「中川昭一・G7」の動画への書き込みを読みながら、そう思った。
しいて言えば「日本の恥を晒した」と評するよりも
「身近で等身大の日本人」を
外国の人は感じていただけたのではないか。
海外のテレビ局のキャスターが中川の真似をしたのも
卑下を意図をしたものではなく、
「ひゃあー、人間臭くて面白れぇ~」と思ったからに他ならないのだ。
それを「日本の恥を晒した」などとヌカす日本人はよほどキンタマが小さい奴だ。
そうは思わないか?なあ、セニョール。
There were also many who criticized the way that Japanese media covered the G7 meeting. Blogger spherescape writes:
何より、G7の会議で、アメリカの保護政策に釘を刺して成果を挙げた中川昭一氏の実績は、ほとんど報道されていません。政治家はその政策と実行内容や成果によって評価されるもので、ハッキリ言って、酒好きかどうか、記者会見で眠くてしょうがなかったかなど、関係ありません。
居眠りが問題なら、仮病による海外要人との会談のキャンセルも同じように問題でしょう。小沢一郎民主党代表には、代表の座から降りていただかないといけませんね。
Finally, blogger anaguma wonders why nobody stopped Nakagawa from talking at the press conference given his state and his personal history of drinking:
まず、中川さんには前歴があった。
この時点で、リスクがある程度把握できたわけです。
(彼の政治家としての能力云々、とは別の次元ですよ)
つまり、この人は一種の病気なんだと。
じゃあどの程度の頻度で深酒をするのか?
どんな条件で何をどれくらい飲むと人前に出せないほど泥酔するのか?
ふるうのは暴言か、暴力か?そもそも、そんなに酒を飲む理由は?
こういった評価をもとに、対策を検討すべきだったのです。
少なくともこの人を大臣(しかも重要ポスト)に配置した以上、
政府は彼を守るべきだったと私は思います。
In Medellín, Colombia, Juan David Escobar is critical about the new restrictions for male passengers on motorcycles and a city-wide curfew for bars outside of designated areas [es]. He points out that in spite of what the government has been saying over the past 10 years about the arrival of peace that violence, drug-trafficking and paramilitary violence never left the city.
With the recent crisis involving dengue fever throughout Bolivia, Carlos Gustavo Machicado of Guccio's [es] writes that there are more pressing health concerns in which donations other than ambulances are needed.
Trinidadian blogger Now is Wow Too is finding the U.S.A. “an unfortunate source of aggravation”.
This Beach Called Life suspects that Trinidad Carnival may have a positive impact on longevity.
From Bermuda, Vexed Bermoothes comments on the opposition's response to the government's 2009-10 Budget.
“What do you call it when a group of ‘disgruntled' BDR soldiers [Bangladesh border guards] started their expression of grievances by open-firing on the commissioned army officers? Mutiny? Rebellion? Revolt? Uprising?” asks Kotha-Chilo. The blogger concludes the post with: “BDR soldiers – now I feel ‘disgruntled' at your massacre. I wish I had a way to express my ‘disgruntled-ness'.”
Jamaican diaspora blogger Geoffrey Phlip republishes text from a lecture he gave about the importance of pursuing your passions.
As the opposition prepares to mark the 1 March post-election clashes which left at least 10 dead, The Armenian Observer says tensions are increasing in the capital, Yerevan. Meanwhile, writing for the Frontline Club blog, Global Voices Online's Caucasus Editor comments on the release of two damning human rights reports days before the event.