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Stephen Kinsella: Are we paying too high a price for our stability? via @independent_ie

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Stephen Kinsella: Are we paying too high a price for our stability? via @independent_ie.

I’m going to become violent with the next person to describe the €67.5bn loan Ireland received in 2010 as a bailout. It wasn’t a bailout for anyone except the private bondholders who took the debt of private, badly run, banks, who stood to lose everything, and ended up with all their money back, all to aid in the preservation of the stability of the European banking system.

Egypt Constitution Faces Islamic Colouring – IPS ipsnews.net

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Egypt Constitution Faces Islamic Colouring – IPS ipsnews.net.

The large proportion of Islamist-leaning members in Egypt’s Constituent Assembly elected last month has led to accusations that Islamist parties – especially the Muslim Brotherhood’s Freedom and Justice Party (FJP) – are effectively monopolising the constitution-drafting process.

Pambazuka – Could abolishing tax havens solve Africa’s financing needs?

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Pambazuka – Could abolishing tax havens solve Africa’s financing needs?.

Over the last 10 years, the average annual outflows of this sort exceeded $50bn. This compares with annual aid inflows of less than $30bn. The outflows are largely to avoid or evade tax and to conceal wealth.

allAfrica.com: Mali: Ecowas to Call for Interim President to Replace Toppled Touré

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allAfrica.com: Mali: Ecowas to Call for Interim President to Replace Toppled Touré.

West African leaders may call for the speaker of Mali’s parliament to become interim president following last week’s military coup, Burkina Faso’s foreign minister has told RFI.

The Ecowas regional bloc is to send a delegation of six heads of state to the country to press for a return to constitutional order and elections.

Impact of Social Media: A Top ten list

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Impact of Social Media: A Top ten list.

Everyone has become beautiful, Everyone has become a genius, Everyone has become a celebrity, Everyone has become a nationalist, humanist, activist,

Every problem has a perfect solution….

allAfrica.com: InFocus » Voters in Senegal Choose Macky Sall over Incumbent President

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allAfrica.com: InFocus » Voters in Senegal Choose Macky Sall over Incumbent President.

Opposition candidate Macky Sall defeated President Abdoulaye Wade in a second round of voting. Calm prevailed as voters streamed to polls. After preliminary results came in, Wade called Sall to congratulate the former prime minister and National Assembly leader on his victory

 

allAfrica.com: InFocus » Africa: Towards Cities Without Slums

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allAfrica.com: InFocus » Africa: Towards Cities Without Slums.

Millions of people live in slums and the rapid growth of cities is compounding the problem. A meeting of ministers on housing and urban development aims to improve the lives of those living under these conditions.

Senegal Elections: A First Take By John Cambell

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http://blogs.cfr.org/campbell/2012/02/28/senegal-elections-a-first-take/

The experience of Ivory Coast should temper unbounded optimism about the elections, however. The Ivorian 2010 polling — the first in a decade — went well. There was a subsequent runoff between the incumbent president, Laurent Gbagbo and Alassane Ouattara. But, the runoff was marred by irregularities with both candidates declaring victory, setting up parallel administrations, and there was a low level civil war resolved in the end by the UN and the French. The country now appears superficially calm, but divisions persist.

I am hopeful, even optimistic, that there will be no replay of the Ivory Coast scenario in Senegal. The former was characterized by “big man” rule under Houphouet Boigny that in effect stunted the development of a democratic culture. There was a recent history of civil war and the continued existence of parallel armed forces. There are ethnic and religious divisions often bundled together under the rubrics of “settlers” versus indigenes. Valuable commodities — cocoa, oil — distort politics.

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