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Laura Noonan: Here’s what is at stake if we don’t repay those Anglo bondholders – Analysis, Opinion – Independent.ie

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Laura Noonan: Here’s what is at stake if we don’t repay those Anglo bondholders – Analysis, Opinion – Independent.ie.

If a bank fails to honour one of its bonds, the rest of its bonds become payable immediately. In Anglo’s case, there will be about €12.5bn on bonds outstanding once today’s $1bn payment goes through. The last of those bonds don’t fall due until 2049, but Anglo could face demands for all of them today if it didn’t make the $1bn payment.

Hague says suppression of internet is not acceptable

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Hague says suppression of internet is not acceptable.

INTERNATIONAL “RULES of the road” must be agreed for the internet, but not at the price of freedom of expression, British foreign secretary William Hague has told a major conference in London.   “The internet is not separate from society, it is part of society and mirrors society,” he said. “The best and worst of human behaviour find expression online and the technology lends itself to misuse as well as to great benefit.”

The two Irelands – Bondholders and charities | Irish Examiner

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The two Irelands – Bondholders and charities | Irish Examiner.

WE had yesterday a glimpse of two contrasting Irelands.

One was seen active, alive, happy, responsible and empowering at the Dublin City marathon, where a record 14,000 signed up for the event. Although Santa Claus took part, Kenyan Geoffrey Ndungu won, setting a record in two hours, eight minutes and 32 seconds.  The great majority of participants were motivated by charitable rather than athletic impulses. Hundreds of causes will benefit, continuing a tradition that has seen marathon running — or walking — become one of the most effective ways of raising funds for various charities.  As those 14,000 people ran in the 32nd Dublin marathon, Government officials were preparing to pay something in the region of €700 million to those brave enough to invest in Sean FitzPatrick’s Anglo-Irish Bank.  What a difference that €700m would make to the charities, and the great work they do, represented at the Dublin marathon yesterday. Two Irelands indeed.

Population fears as ‘seven billionth’ baby born | Irish Examiner

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Population fears as ‘seven billionth’ baby born | Irish Examiner.

THE world welcomed its symbolic “seven billionth” baby yesterday, but celebrations were tempered by worries over the strain that humanity’s population explosion is putting on a fragile planet.  The United Nations said that by its best estimates the seven billionth baby would be born yesterday, and countries around the world marked the demographic milestone in a variety of ways.

Looking Beyond Spring: An African Perspective on the Arab Revolt in World Order

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Looking Beyond Spring: An African Perspective on the Arab Revolt in World Order.

There is a great deal of misunderstanding today about the African Union’s decision not to endorse the military intervention in Libya undertaken by France, Great Britain, and the United States in conjunction with several Arab States. Speculations abound as to whether the uniform decision coming out of Africa indicates that the African Union is out of step with the spirit of freedom sweeping across North Africa and the Arab World; or whether the absence of Africa in the battlefield of Libya merely suggests military ineptitude and political bankruptcy. Underlying the African objection to military intervention is a longstanding tension between international organizations that represent Africa, on one hand, and self-identified representatives of the West, on the other.  It is not accurate to say that the African Union has been indifferent to the conflict in Libya.

Looking Beyond Spring: An African Perspective on the Arab Revolt in World Order

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Looking Beyond Spring: An African Perspective on the Arab Revolt in World Order.

There is a great deal of misunderstanding today about the African Union’s decision not to endorse the military intervention in Libya undertaken by France, Great Britain, and the United States in conjunction with several Arab States. Speculations abound as to whether the uniform decision coming out of Africa indicates that the African Union is out of step with the spirit of freedom sweeping across North Africa and the Arab World; or whether the absence of Africa in the battlefield of Libya merely suggests military ineptitude and political bankruptcy. Underlying the African objection to military intervention is a longstanding tension between international organizations that represent Africa, on one hand, and self-identified representatives of the West, on the other.  It is not accurate to say that the African Union has been indifferent to the conflict in Libya. ..

African Democracy: Elections Despite Divisions

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African Democracy: Elections Despite Divisions.

Electoral violence in a number of sub-Sahara countries has prompted some Africa watchers to question whether the United States and other Western countries should be prioritizing “free, fair and credible” elections when the process so often polarizes a country rather than unifying it around democratic institutions and practices. Nevertheless, I believe the United States and other westerners should continue to do what they can to support Africans working to build free, fair, and peaceful democracies, not least because Africans themselves want elections, and there are no good alternatives.

Debt crisis: How we got here

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Debt crisis: How we got here.

2009

December : Greece’s debts shown to have reached €300 billion, or 113 per cent of GDP. Ratings agencies start to downgrade Greek banks and government debt………

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