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Generational Dynamics Web Log for 25-Feb-2011
25-Feb-11 News -- Libya's Muammar Gaddafi uses the 'Nescafé defense'

Web Log - February, 2011

25-Feb-11 News -- Libya's Muammar Gaddafi uses the 'Nescafé defense'

Stock market margin debt highest since 2008 financial crisis

Libya's Muammar Gaddafi uses the 'Nescafé defense'

In a telephone interview on Thursday, Libyan leader Muammar Gaddafi described the protesters, according to Reuters:

"Their ages are 17. They give them pills at night, they put hallucinatory pills in their drinks, their milk, their coffee, their Nescafe.
They are criminals ... is it logical that you let this phenomenon continue in any city? ... We do not see what is happening in Egypt and Tunisia happening in Libya, ever!
Those (in Egypt and Tunisia) are people needing their governments and they have demands; our power is in the hands of the people. ...
What is happening [violent clashes] in Zawiyah is a farce ... Sane men don't enter such a farce.
You people of Zawiyah, stop your children, take their weapons, bring them away from Bin Laden, the pills will kill them. Leave the country calm."

This is a very interesting generational exhortation. This might have worked 20 years ago, when the parents' generation was the same as his generation. But today, the parents' generation are much younger, and probably have the same contempt for Gaddafi that the young protesters have.

Additional links

Europeans fear a 'Biblical exodus' of hundreds of thousands of illegal immigrants fleeing to Europe, if the situation in Libya deteriorates further. Spiegel

Stock market margin debt has surged 4.7% in January, climbing to the highest level since the financial crisis in 2008. This means that investors are borrowing more and more money to invest in the stock market. This is what happened in 1929, and what happened in 2007. Nasdaq/DJ

According to poll results, most Palestinians in the West Bank and Gaza are planning to participate in the elections planned for July and September, and 75% want a change in leadership. 37% said that they "trusted Fatah," 9% said they trusted Hamas, and 36% said that they didn't trust any faction. Palestine News Network

China's leadership is getting increasingly concerned that they're losing control over the internet, and they fear that use of the internet will trigger a major rebellion. Bahukutumbi Raman.

Tens of thousands of trade unionists demonstrated in Delhi on Wednesday, protesting high food prices in India. Independent (London)

For super-geeks: If you enjoyed watching IBM's Watson supercomputer win at Jeopardy! last week (see "19-Feb-11 News -- IBM's Watson supercomputer bests human champions on Jeopardy!"), then here's how to build your own "Watson Jr." in your basement. IBM Developer Works

(Comments: For reader comments, questions and discussion, see the 25-Feb-11 News -- Libya's Muammar Gaddafi uses the 'Nescafé defense' thread of the Generational Dynamics forum. Comments may be posted anonymously.) (25-Feb-2011) Permanent Link
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Generational Dynamics Web Log for 25-Feb-2011 25-Feb-11 News -- Libya's Muammar Gaddafi uses the 'Nescafé defense'

Libya's Muammar Gaddafi uses the 'Nescafé defense'

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Generational Dynamics Web Log for 25-Feb-2011
25-Feb-11 News -- Libya's Muammar Gaddafi uses the 'Nescafé defense'