Posts Tagged ‘world news’

The 2008 financial crisis really shook the world, most especially the wealthy. Economic debris is still on the mending process and some countries had just started to pick themselves up and their neighbors too. The U.S. economy has just stirred to stand back up from its huge fall since the Great Depression. Moreover, Greece had just received its rescue from its euro brothers while others’ turn is still yet to come.

But there are those who wasn’t standing on the epicenter, although shaken a bit, but utterly stable compared to others. Standing intact and able to withstood its impact, one of those who were able to maintain the capriccio of its citizen while others loom to survive was Australia.

Australia’s known for its abundant natural resources – more specifically it’s metal resources. Mining had started to boom around the early 19th century and since then fulfilled the financial needs of the barren centered country. Gold, iron ore, nickel, bauxite or aluminum, copper, and silver are just some of the widely mined resources that pumps money into economic veins of Australia.

It was the reason why Aussie is one of the commodity currencies. Its exports, most especially metals, greatly affects how its economy would perform. China’s been one of its major trading partner and the Sino – Australian relations is still growing stronger over the years. The aggregating demand of China to iron ores makes its pact with the currency commodity sturdier than ever.

However, many are speculating about its imminent halt in the near future. Everything is bound to end as the old always says, and sooner or later those fields will be exhausted. What would happen if it does?

Some are claiming that it was already over but experts says that the time has yet to come. If In case their resources were indeed exhausted, how do you think that their economy would fare?

Australia, although highly dependent on their exports, have other things to offer other than metals. Agricultural products, like wheat and wool, are also being exported. Not only that, energy sources such as liquified natural gas and coal are also being sold to other countries worldwide. Eco tourism would also be possible due to their vast land and sea mass. Although dessert terrains is abundant near the center, its outskirt really has something to offer.

Stephen Stevenson

After eight days of unrest, both Israel and the Palestinian group Hamas had finally agreed to call upon a cease-fire. The move was initiated by the Egypt’s new Islamist government and supported by the United States.

The conflict which had just been recently reignited by Israel’s “Operation Pillar of Defense,” resulting to numerous civilians casualties for both sides. Four years after the Gaza War back in the winter of 2008-2009. The ideal – rooted conflict can be traced way back in 1988 when the founding charter of Hamas declared for a Jihad – Holy War.

Hamas

Is an acronym for Harakat al-Muqawamah al- ‘Islamiyyah which can be literally translated as “Islamic Resistance Movement.” It is a militant fundamentalist Islamic organization who currently occupies the West Bank and Gaza. Originally, it is an alternative group of Palestinian Liberation Organization (PLO) which is founded by Sheikh Ahmed Yassin aimed in establishing a network of charities, schools and clinics in the region. But certain ideologies and circumstances had urged it to engage into several bloody conflicts with Israel.

A year after the declaration of Jihad, its founder was convicted by an Israel court for giving orders to its members to kidnap and kill two Israeli soldiers which gained him a 9 year sentence in jail. He died 7 years later from an airstrike by Israel. According to reports, the group has been targeting Israelis with suicide bombing which now tolled to 500 individuals since 1993.

The group is viewed differently depending on the audience. Israel, United States, UK, and other western countries treats it as a terrorist group. Meanwhile, Arab and Muslim nations has a different perspective regarding them. They considers them as a victim of Israeli aggression.

Israel

a formidable ally of the United States in the middle east, Israel had age-long conflicts with its neighbors. Many Muslim countries and groups had outrageously deny its existence and called for its destruction. Hamas is one of them. The military power of Israel proved to be more capable than their foes which gained them territories in the Six-Day War.

Over time, some had yielded their advocate but conflicts still ravages on. Gaza War is one of those. It is a result of an offensive measure of Israel against Hamas over the disputed Gaza Strip, a strip of coastal land on the Mediterranean sea. It resulted to more than a thousand Palestinian and 13 Israeli soldiers dead.

Present Conflict

The present conflict was temporarily halted after a truce between the two sides has been agreed upon which took effect 14:00 EDT on Tuesday. According to reports, It stopped a supposedly Israeli ground

invasion which may lead to further casualties aside from 162 Gazans and 5 Israelis dead from bombing and rocket fires. Unfortunately 37 of the present casualties are children.

Stephen Stevenson