SOLAR ECLIPSE

Goggle picture

Today continents of Europe, Africa, and The US will experience Eclipse

the eclipse will sweep across Africa continent, partial views will be available in eastern north America and southern Europe. No-one should attempt to view this phenomenon with bare eyes, rather special welder's glass or pinhole camera is ok.

HAKIMULLAH MEHSUD

Picture from BBC

   Hakimullah Mehsud was killed yesterday, Friday by a U.S drone assault.

TROUBLED ECONOMY

Finally, the york was broken penultimate week with the sharing of  N1.196 TRILLION by the three tiers of Government for the month of August and september. To many Nigerians, this had really showcased a rethorical question of ' Is Nigeria in problem'?

SYRIA'S CRISIS SPLITS G20 SUMMIT IN RUSSIA

  WORLD leaders from G20 just concluded their summit in St peters burg, Russia, amid sharp differences over possible US military assault against Syria, in response to what the US administration calls a deadly chemical weapons attack by the Syrian Government.

US FOREIGN TAX COMPLIANCE ACT

   

Early this year United State Government introduced a harsh Tax law (Foreign Account Tax Compliance Act) or Fatca, as it is known. This law has created chaos among business outside the US, the fear that they will have to spend billions of dollars a year to meet the greatly increased reporting burdens. The new filling demands are daunting and overblown.

Congress came in with a sledgehammer said H. David Rosenbloom, a lawyer in caplin $ Drysdale's Washington office and a former international tax policy adviser for the U.S Treasury department.The Fatca story is really kinda of insane!!

congress created Fatca after the U.S justice Department successful pursuit in 2009 of the Swiss bank UBS, in which UBS- which had encouraged U.S citizens to set up secret offshore accounts-paid $780 million and turned over client details to avoid criminal prosecution. but critics say that it amounts to gross legislative overreach and that the approximately $8billion the Treasury expects to reap in taxes owed over 10 years pales next to the cost it will impose on foreign institutions. This law demands that virtually every financial organization outside the U.S- there are several hundred thousand and any foreign company in which Americans are beneficial owners register with the U.S internal Revenue service,check existing accounts in  search of Americans, and annually declare their compliance. Non compliance is to be punished!
             Do you think that this law treats all Americans with overseas bank accounts as 'CRIMINAL'??

DOLLAR IN DISTRESS

Poor dollar standard! The united states can pay any debt it has because we can always print money to do that,' Alan Greenspan, a former chairman of the Federal Reserve, whenever this point is made, people usually respond by invoking Zimbabwe. As the helpless African republic demonstrated  there is a  limit to how much money a government can print before its economy plunges into HYPERINFLATION.

SNOWDEN GETS ASYLUM

FUGITIVE former U.S. spy agency contractor Edward Snowden slipped quietly out of Moscow's Sheremetyero airport on friday 02.08 after being granted a year's asylum in Russia, ending more than five weeks in limbo in the transit area.
                                              Russia's decision to help the American and ignore U.S. requests to send him home to face trial for leaking details of government surveillance programs, is sure to anger Washington and increase doubts that a summit between presidents Barack Obama and Vladimir Putin will go ahead in Moscow in September.
                                               However, after 39 days of avoiding hordes of international reporters desperate for a glimpse of him, Ed Snowden (his new name) managed to give them the slip again, leaving the airport in a car.'over the past eight weeks we have seen the Obama administration show now respect for international or domestic law but in the end the law is winning', Ed Snowden.
                                              How liberal is U.S???

EMBATTLED SOUTH CHINA SEA

                                                                                        DISCLAIMER

South china sea, its a 3 million sq km dotted by tiny islands, and many of its waters are thought to hold rich oil and natural gas deposits. Tensions have been rising between china, which claims almost all of the south china sea and some of the other Asian states that assert sovereignty over partgs of it. The Philippines, which says that chinese ships have harassed its survey ships and fishing boats a half-dozen times. the Philippines announced it would begin to refer to the area as the west Philippine sea and sent its navy's flagship, the world war 11-era frigate Rajah humabou, to patrol it. Vietnam accuses chinese vessels of deliberately cutting, the cables of survey ships belonging to PetroVietnam. Aircraft- carrier once known as the VARYAG generated much concern having relate all this allegations by chinese neighbours. This ship was one of the Soviet union's last naval commissions. chinese company, based in Macau and with ties to the Chinese navy, bought it from Ukraine, ostensibly to take the ship to the gambling enclave as a floating casino. Varyag lunch comes at a fraught time, when China's Armed Forces spending on annual average is up to 15%.          Military Spending in the US (2010) $698 billion, China $119. Percentage of GDP US 4.8%, China 2.1%, 

RIPPLES OF EURO CRISIS

Europe's crisis may seem to be their problem, but, if it culminate to the dissolution of this economic union or even a growth dampening series of costly BAILOUTS- it will reverberate from beijing to washington. Europe is both the U.S. and China's largest trading partner. A dramatic depreciation of the euro or a dissolution of the union would make nations from Asia to Latin America that hold the euro as a reserve currency much weaker. Even the mere effort to contain the crisis with looser monetary policy on either side of the Atlantic creates a risk of inflation and hot money that could punish emerging markets, economist lke Goldman Sachs's Jim O' Neill have warned.
                                                  Borrowing costs for Europe's weaker economies like Greece, Ireland, Portugal, Spain and Italy have skyrocketed as halfhearted measures to stabilize the markets have made investors suddenly wary that the European center is not going to hold and that richer countries like Gremany simply aren't committed to the monetary union. That's why bond spreads are widening, European stocks are tanking and the European central Bank (ECB) is desperately trying to calm markets by buying up waeker countries debt. unemployment rate in the US is over 9.1%  while in European Union is over 9.4%. Germany maintains a large export-driven manufacturing sector. That has made its economy among the most stable in the world during the downturn. France's citizens generally carry less debt than Americans do. The government has an aggressive plan to cut borrowing, but some say it will not meet its targets. Can U.S. economy kick-start Europe's and world slow growth???

NIGERIA'S CONSTITUTION REVIEW

Nigeria is under-going review of her constitution, the nation's supreme law. The present Nigeria's constitution came into being in 1999 due to transition from Military to Civilian Administration. 1999 CONSTITUTION AS AMENDED has 8 chapters, 320 sections and schedules(First- Seventh)

The legislative powers of the Federal Republic of Nigeria shall be vested in a National Assembly for the Federation whaich shall consisit of a senate and a House of Representatives.( chapter1, general Provisions, part 2, section 4-(1))

There are 3 unacceptable issues in this constitution review that Nigerians felt that was imposed on THEM BY NATIONAL ASSEMBLY namely: MARRIAGE AGE UNDER 18YEARS, 2.GRANTING LIFE-PENSION for the  officers of National assembly, viz: senate president, Deputy senate president, speaker and deputy speaker. 3.NON-FINACIAL AUTONOMY OF LOCAL GOVERNMENT COUNCILS. Nigerian's wish to notify National assembly that chapter 2, section 14 (a) SOVERENIGNTY BELONGS TO THE POEPLE OF NIGERIA FROM WHOM GOVERNMENT THROUGH THIS CONSTITUTION DERIVES ALL IT'S POWERS & AUTHORITHY. National Assembly do you adequetaly and rightfully consulted Nigerians???

EUROPEAN UNION ON THE VERGE

   This union European Union (EU) was born during the exceptional period of rapid global growth of 1991 to 2008. This union of " Economic integration" adapted the euro as the union's single currency. Europ's debt problem is clear and present. it cannot be solved without overcoming the deep re-luctance of the leaders of the main creditor nations in the 17-country euro circle above all Angela Merkal the German chancellor-to shore up the rickety single currency with greater fiscal integration. Europe is vehemently bleeding from distroyed Greece,Portugal,Ireland,Italy,Cyprus and Spain.
                                                          Can the two strongest nations in the euro ZONE- Gremany and France save the common currency???

Miss Petite Nigeria: Trend Alert! Rihanna goes Grey

Miss Petite Nigeria: Trend Alert! Rihanna goes Grey

THE MOST WANTED MAN IN THE UNIVERSE

NOT too long ago the world was agog with the information provided by Edward Snowden now Ed Snowden. this guy applied for Asylum in over 27 countries was turned down.he is currently in moscow where he issued a press with Human right groups. Pres. V.putin told him he can stay in Russia but he have to meet some criteria. the latino Americas is propably his next temporay country. maybe Venezuela. the question is.... what is this guys crime

OBAMA AND GUY RIGHTS

JUST RECENTLY President Obama ended his tour cum Trade visit to Africa.he visited three countries namely Senegal, South Africa and Tanzanie. in south Africa he had talk with Nelson Mandelas family. He also visited the long island prison where Mandela did his jail term. Furhtermore, Obama stired up the polity in Africa with his controversial Gay Right! he said and i quote... Africa should legalize gay right in africa. by the recent Us supreme court verdict in Us only 9 states have legalized this controversial issue. Now in Africa no single state have done this. Malawi is reviewing his stand on this. David Cameroon had for sometime ago INSTRUCTED Republic of Cameroon to legalize this right or Uk will just stop Aid to them. In Nigeria the most populous nation on this continent have just passed a 14 years sentence for this. Not so long ago the Nigeria church of England seprated form their mother nation Uk due to guy bishop. now they are know as Church of Nigeria. the question is can this Right be instituted in africa

WHERE IS EDWARD SNOWDEW?

THE erstwhile CIA agent EDWARD SNOWDEW is now stuck in Moscow. where is he going? which country can stand-up for him? what is really his crime?

NIGERIA GOING CASHLESS

The Apex bank in Nigeria has just announced cashless policy Nigeria irrespective of the suspension order from the National assembly. is this country really ready for this? in-view of the short-fall in infrastructure?

Division in Nigeria Governor's forum (NGF)

who is going to be the chairman? Rotimi Amaechi or Jonah jang? Nigerians are all eyes. what really transpired? did niger delta back Rotimi? This is just a clear display of non-coherency in the highest level. what a lot citizens are asking are? if at the level of NGF they can not have transparency? how can that be lower level?