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Generational Dynamics Web Log for 27-Aug-2011
27-Aug-11 World View -- Mexico blames U.S. for Monterrey terror attack

Web Log - August, 2011

27-Aug-11 World View -- Mexico blames U.S. for Monterrey terror attack

Dozens killed in suicide bombing of U.N. building in Nigeria

This morning's key headlines from GenerationalDynamics.com.

* Mexico's Pres. Calderon partially blames U.S. for Monterrey terror attack
* Iran's Ahmadinejad says Palestinian state is only the 'first step'
* Egypt's 'million man protest' rally attracts only hundreds
* Report accuses Moody's of ratings bias
* Stocks rise because Bernanke announces a two-day meeting
* Dozens killed in suicide bombing of U.N. building in Nigeria

Mexico's Pres. Calderon partially blames U.S. for Monterrey terror attack

Calderon attends a cermony outisde the Casino Royale after terror attack (AP)

Calderon attends a cermony outisde the Casino Royale after terror attack (AP)

Mexico's President Felipe Calderon has called for three days of mourning following Thursday's terror attack on the Casino Royale in Monterrey, killing 52. A group of gangsters barged into the casino, spread gasoline (petrol) all over the place, and set the casino on fire. The act has shaken all of Mexico. Calderon referred to the terrorist act as part of a broader struggle for the control of Mexico. "It is clear to everyone that the enemies of Mexico are the criminals. Yesterday they showed to what point they are capable of going in their stupid and irrational violence." VOA

Calderon said that rampant corruption within his nation's judiciary and law enforcement bore some blame. But he also blasted the United States, saying,

"We are neighbors, allies and friends. But you, too, are responsible. This is my message.
[You should] once and for all stop the criminal sale of high-powered weapons and assault rifles to criminals that operate in Mexico. ...
Part of the tragedy that we Mexicans are living through has to do with the fact that we are next to the world's greatest drug consumer, and also the greatest global arms vendor that pays billions of dollars each year to criminals."

Miami Herald

Iran's Ahmadinejad says Palestinian state is only the 'first step'

Iranian President Mahmoud Ahmadinejad said on Friday that having the U.N. gives full membership to a Palestinian state -- in the Gaza Strip and the West Bank, with East Jerusalem as its capital -- was only the first step. "Recognising the Palestinian state is not the last goal. It is only one step forward towards liberating the whole of Palestine." Reuters

China's special envoy to the Middle East, Wu Sike, said here Friday that his country fully supports the Palestinians' right to establish an independent state in a balanced manner and through peace talks. "China supports the Palestinian people and their cause. We also support the Palestinians to get the United Nations recognition of a Palestinian state on the lands occupied in 1967 with Jerusalem as capital." Xinhua

Egypt's 'million man protest' rally attracts only hundreds

Turnout was much lower than expected for an Egyptian demonstration on Friday outside Israel's embassy in Cairo calling on Egypt's government to expel Israel's ambassador, and to reevaluate the 1979 Camp David agreement with Israel. Activists had promised a "million man protest," but far fewer showed up. Israel has never been a target for this year's "Arab revolutions," and that's apparently still true in Egypt, even though national elections are coming up soon. The demands were triggered by the deaths of five Egyptians in the aftermath of last week's terrorist attack in southern Israel. Haaretz

Report accuses Moody's of ratings bias

There have been accusations by many people (including me) that the ratings agencies took fat fees in return for AAA ratings to fraudulent mortgage-backed securities in the 2003-2007 time period. Now a study by college professors claims that Moody's Investors Service inflated the credit scores of those securities which earned the most money for Moody's. Moody's challenges the validity of the study, but it's clear that there is going to be greater scrutiny on the ratings agencies to determine why they gave AAA ratings to synthetic securities that later turned out to be almost worthless. CNN Money

Stocks rise because Bernanke announces a two-day meeting

What's going on is really laughable. At his speech on Friday morning, Fed Chairman Ben Bernanke did not give traders anything that they were hoping for -- specifically a promise of more "quantitative easing" to help the banksters get their million dollar bonuses. But he did say that policy makers will meet for two days next month, instead of just one, to "allow a fuller discussion" of the economy and the Fed’s possible response. That was enough for the traders, who pushed stocks up 1.5-2% on Friday. Bloomberg

Dozens killed in suicide bombing of U.N. building in Nigeria

Rescue workers search for survivors in U.N. building in Abuja, Nigeria (Reuters)

Rescue workers search for survivors in U.N. building in Abuja, Nigeria (Reuters)

Dozens of people were killed or injured on Friday when a suicide car bomber rammed a Honda car laden with explosives into the United Nations building in Abuja, the capital city of Nigeria. All the four floors of the building were affected. The car, which rammed into the lobby of the building, exploded immediately, killing the suspected bomber instantly and almost everyone that was at the spot. The Nation (Nigeria)

In February, we reported on numerous atrocities committed by Christians and Muslims against each other in Nigeria's central city of Jos. ( "24-Feb-11 News -- Clashes in Jos, Nigeria, pit Christians against Muslims") Like Jos, Abuja is right on the fault line between Muslims in the north and Christians in the south. The Islamist terrorist group Boko Hara took credit for the attack on Friday. In the Hausa language, the group's name means "western education is a sin." It's believed that Boko Hara has ties to Al-Qaeda in the Islamic Maghreb (AQIM), which has committed numerous terrorist attacks in the Maghreb (northern Africa). VOA

(Comments: For reader comments, questions and discussion, see the 27-Aug-11 World View -- Mexico blames U.S. for Monterrey terror attack thread of the Generational Dynamics forum. Comments may be posted anonymously.) (27-Aug-2011) Permanent Link
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Generational Dynamics Web Log for 27-Aug-2011 27-Aug-11 World View -- Mexico blames U.S. for Monterrey terror attack

Mexico's Pres. Calderon partially blames U.S. for Monterrey terror attack

Iran's Ahmadinejad says Palestinian state is only the 'first step'

Egypt's 'million man protest' rally attracts only hundreds

Report accuses Moody's of ratings bias

Stocks rise because Bernanke announces a two-day meeting

Dozens killed in suicide bombing of U.N. building in Nigeria

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Generational Dynamics Web Log for 27-Aug-2011
27-Aug-11 World View -- Mexico blames U.S. for Monterrey terror attack