Sunday 9 October 2011

9 Oct 2011: CSS News and Analysis

Summary 
(More Detailed News and Analysis for CSS on www.cssnewspaper2.blogspot.com)
   Huge discount rate cut surprises market
    The State Bank on Saturday threw a pleasant surprise by chopping off its policy rate by 150bps above the market expectations, but analysts critical about the huge cut in view of changing of base-year to show declining inflationary trend. (Read More on Cssnewspaper2)
UK review identifies Afghan civil war risk
LONDON: A British government review of the Afghan conflict is to warn that there are “significant risks” of civil war or a Taliban takeover of the south and east of the country after Nato withdraws its combat troops at the end of the 2014. (Read More)
Guardian UK: Youth joblessness highest since Tories last in power, new figures to reveal
The number of unemployed young people has passed the million mark, according to statistics to be published this week.  More than a million young people are now unemployed, the highest number since the Conservatives were last in power, government figures to be published this week are expected to reveal. (Read More)
Article @ Gurdian UK: Euro crisis spreads and puts the world economy at risk
When G20 finance ministers meet in Paris next weekend, the stakes will be enormous for both Europe and the world (Read More)
Guardian UK Sleep easy, war criminals By Michael Mansfield
Israel has violated innumerable UN resolutions and international laws over the past 50 years without any sanction being incurred – whether legal, economic, political or military. Most blatant is its disregard for the overwhelming opinion of the international court of justice in The Hague, which in 2004 declared the erection of (Read More)
UK helps Israel evade international justice
LONDON: Israel has violated innumerable UN resolutions. If you add the illegal occupation of Palestinian territory, continued extension of illegal settlements, forced evictions and house demolitions, requisition of water resources, Gaza blockade and illicit use of cloned passports to facilitate (Read More)
French socialists’ primary race catches public eye
PARIS: It was billed as a fight to the death between egotists: a savage war of vengeful ex-partners, secret pacts, crash-diets and televised slanging matches.
But the French Socialist primary race to choose a leftwing challenger to Nicolas Sarkozy in next year`s presidential election has (Read More)
Sarah Palin will neither run for presidency nor avoid spotlight
WASHINGTON: Conservative diva Sarah Palin won`t appear on the 2012 presidential ballot but will remain on the national stage, revealing in her star power as the race to the White House heats up, analysts say. (Read More)
Mourners shot at Tamo funeral, Syria dissidents meet
Syrian security forces killed at least two mourners and wounded several others when they fired on the funeral of murdered Kurdish opposition figure Meshaal Tamo on Saturday, activists said.
Dissidents, meanwhile, lobbied in Cairo for recognition of their newly (Read More)
More Syria deaths as dissidents urge Assad isolation
DAMASCUS: Thirty-eight people were killed in clashes in two days in northwest Syria, a rights activist said on Sunday, as dissidents meeting in Brussels called for the isolation of President Bashar al-Assad.
“Thirty-eight people were killed in shootings in the region of Jisrash Shughur, (Read More)
Virus affects drones system
WASHINGTON, Oct 8: A computer virus that captures the strokes on a keyboard has infected networks used by pilots who control US drones flown on the warfront, according to a magazine report.
Wired magazine reported that the spyware (Read More)
Ties with Pakistan vital to security, says US
WASHINGTON: Ties with Pakistan remained vital to US national security, the White House said on Friday as the State Department pledged to continue to work with Islamabad to defeat terrorism.
“The cooperation we have with Pakistan is extremely important in terms of our national security objectives, in terms of protecting Americans, in terms of taking the fight to Al Qaeda,” White House Press Secretary Jay Carney told (Read More)
Measures taken to execute SC order, Qaim tells Zardari
ISLAMABAD: President Asif Ali Zardari seemed keen on the implementation of a Supreme Court judgment concerning the state of law and order in Sindh, especially Karachi, when he met top provincial functionaries and the government’s legal wizards on Saturday.
The president had convened the meeting “to know about the steps (Read More)

Killing the messengers by Ardeshir Cowasjee
WE Pakistanis are determined never to learn from history. Our leaders deem ignorance to be bliss and choose to pay no attention to what the world thinks of them or of our country.
Pakistan is more isolated internationally than at any time since 1971. That year, for those of us who care to remember, the country lost 

(Read More)
View from US: Mystery of the missing chapters By Anjum Niaz
Zamir Niazi would not know that 25 years since his book, The Press in Chains, was first published, it would cause an uproar today. The journalist embodying a frail frame, a soft voice, with pen and paper as his weaponry, challenged the ruling dictator Zia by exposing his press censorship and antipathy against free 
(Read More)
Bid for UNSC seat By Munir Akram
EVEN as the latest crises in relations with the US and Afghanistan preoccupy Pakistan’s policymakers, a scheduled event at the current UN General Assembly, with significant portents for the country’s national interests and international image, deserves their full attention — the election to a two-year Asian seat on the UN Security Council.
Membership of the Security Council — even for the two-year non-permanent seat — has several advantages: (Read More)

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