Oct 17- Daily Summary

Daily Summary News and Analysis                Details on www.cssnewspaper.blogspot.com

NY Times: Iran Reacts to Pressure From America

Iran’s supreme leader, Ayatollah Ali Khamenei, promised on Sunday that Iran would deliver “an unforgettable response” to any “improper actions” from the United States over an alleged Iranian plot to kill the Saudi ambassador to the United States. (Details)

The Economist: Post-revolutionary Tunisia – Moving Ahead

Frustration and uncertainty persist, but the country is heading the right way. Compared with the other upheavals across the Arab world this year, Tunisia’s is still the runaway winner. Since the country’s dictator, Zine el-Abidine Ben Ali, with his greedy wife, Leila Trabelsi, flew off into a Saudi twilight on January 14th (Details)

Tunisians to vote in historic post-revolution polls

TUNIS: Tunisia, which launched the “Arab Spring” when its outraged citizens ousted a seemingly entrenched dictator in January, again takes the lead with a historic vote Sunday for the drafters of a new constitution. (Details)

Fasih Bokhari takes over as NAB chief

ISLAMABAD: Former chief of Pakistan Navy, Admiral (retd) Fasih Bokhari, was formally notified as chairman of National Accountability Bureau (NAB) (Details)

Afghan provincial intel chief targeted in bombing

KABUL: A suicide bomber attacked a car carrying a provincial head of Afghanistan’s intelligence agency on Monday, wounding the spy and killing a child in the north of the country, police said. (Details)

Bolivians rebuke Morales in judicial ballot

LA PAZ: Most Bolivians who voted in Sunday’s election to choose the country’s top judges cast invalid ballots in what would be a stinging rebuke for President Evo Morales, according to unofficial partial results. (Details)

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‘Islam and democracy are not contradictory’

TUNIS: Turkish Prime Minister Recep Tayyip Erdogan made the case for “Islam and democracy” on Thursday in Tunisia, where moderate Islamists modelled on his own party are tipped to win landmark October polls (Details)

No small matter By  Hajrah Mumtaz

MOST people would, at least initially, tend to shrug the matter away. Concerns about people’s ability to question the great and the good in government? (Details)

Corporate fraud: Every good boy deserves fudged profits

JIALAN WANG has a fascinating post up (via Kevin Drum, via Tyler Cowen) on apparent telltale mathematical evidence that corporate accounting fraud is a gradual upward trend over the past 30 years. The great thing is, she seems to have compiled this (Details)

The Egyptian military's 'pseudo coup' By Juliette Kayyem: Global Public Square

Last Spring, when the world was heralding the events in Egypt, many of us speculated about whether the Egyptian Army's steady hand would mark the beginnings of a pseudo-coup. I never liked the idea that America's interest in supporting the revolutionaries in the street could be so easily placated (Details)

Honoured for what? By Huma Yusuf

I HAD barely been at university for two weeks when the buzz began: Nelson Mandela, then president of South Africa, was coming to campus to receive an honorary degree. (Details)

Poverty in Pakistan By By M. Zaidi 

IN Pakistan’s scenario, where approximately two-thirds of the people live in rural areas, rural poverty is a major destabilising factor. Authoritative studies have documented rising poverty levels with a decreased capacity (Details)

Rate spread and SBP’s task By Muhammad Yaqub

COMMERCIAL banks play a key role in the mobilisation of financial savings and the financing of economic activity through financial intermediation between savers and borrowers. (Details)

This Middle East power struggle could kill off the Arab spring by David Hearst: Guardian UK

The Iran 'terror plot' drama involves four players who have much to lose from Arab self-determination. Let's hope they fail  (Details)

10th October 2011: CSS News and Analysis Current Affairs

CSS Summary: News and Analysis

Egypt forces clash with Copt protesters, 24 dead

CAIRO: A curfew was imposed overnight in Egypt’s capital after 24 people, mostly Coptic Christians, died in clashes with security forces in the deadliest violence since President Hosni Mubarak’s fall.

More then 200 people were injured in fighting that erupted during a protest by Copts on Sunday, prompting a curfew in central Cairo, said official statements broadcast on public television. (Read More)

Ex-naval chief Bokhari named to head NAB

ISLAMABAD: President Asif Ali Zardari named on Sunday Admiral (retd) Agha Fasih Bokhari, former chief of Pakistan Navy, as chairman of the National Accountability Bureau (NAB) to fill the office lying vacant for several months and make the country’s premier accountability organisation functional. (Read More)

Kurram groups sign accord to open key highway

Parachinar: After about three years, rival factions again signed a peace agreement here on Sunday to restore peace in Kurram Agency after the government promised to provide security on the main highway in the region.

Under the accord which was first signed in Murree in October 2008, the Thall-Parachinar road would be made safe for travel for local people and internally displaced people would be rehabilitated in their areas. (Read More)

Asian shares rise after France-Germany agreement

HONG KONG: Asian shares began Monday on a high after France and Germany said they had agreed a plan to support Europe's banks, while US jobs data also provided some lift.
However dealers remained cautious after Wall Street finished last week with a loss and Fitch downgraded the debt ratings of Italy and Spain.
Hong Kong gained 0.66 percent in the first few minutes, Sydney gained 1.20 percent, Seoul was 1.10 percent higher and Shanghai, (Read More)

Anti-Gadhafi fighters make gains in Sirte

SIRTE: Libya’s revolutionary forces seized a convention center Sunday that had served as a key base for fighters loyal to Moammar Gadhafi in the fugitive leader’s hometown, as they squeezed remaining regime loyalists in the besieged coastal city.

The inability to take Sirte, the most important remaining stronghold of Gadhafi supporters, more than six weeks after anti-Gadhafi fighters seized the capital has stalled efforts by Libya’s new leaders to set a timeline for elections and move forward with a transition to (Read More)

Euro lifted in Asia by France-Germany plan

SINGAPORE: The euro rose above $1.34 in Asia on Monday after France and Germany vowed swift action to shore up Europe's struggling banks, analysts said.
The single European unit bought $1.3450 in the morning compared with $1.3375 in New York late Friday, while it sat at 103.20 yen from 103.10 yen. 
The greenback traded at 76.75 yen from 76.73 yen.
The euro fell below $1.34 late (Read More)

Nuclear disarmament and the youth: View from India - Dawn Blog

President Obama’s Prague speech, in which he laid the foundations of a renewed quest for a world free of nuclear weapons, was greeted around the world with both awe and skepticism. Analysts all around the world dissected his words, ruminated over his intent and commented on his vision, I found the speech intriguing for completely different reasons. When President Obama said that the goal of nuclear (ReadMore)

China factor in Afghanistan

THE signing of the India-Afghanistan Strategic Partnership last week reaffirmed the establishment’s narratives about Pakistan’s real concerns across its western border: it’s not about militancy or instability, but about Indian hegemony.

The timing of the pact (Read More)

Pemra protects the sacred cows

Irfan Husain

ACCORDING to a news report in the Guardian covering the recently concluded annual Conservative Party conference in Manchester, Prime Minister David Cameron bumped into the newspaper’s political cartoonist, Steve Bell. At this chance encounter, the British PM asked: “Steve, when are you taking the condom off my head?”

This seemingly bizarre query was in reference to (Read More)

Is circular debt the real issue?

By Salman Khalid and Kamal Munir 

PAKISTAN has been facing a series of power crises over roughly the last two decades. However, since 2007, the situation has deteriorated rapidly.

As a result of severe electricity shortage, industry, commerce and agriculture have all taken serious hits with the country’s growth prospects dimming significantly. At the same time, residential consumers have had to endure over eight-to-12-hour blackouts in major cities. The situation is even worse in rural (Read More)

Terrorized Silence

by Baber Sattar

If you are an “aashiq-e-Rasool” (devotee of the Prophet), should you be able to get away with murder? Can we, as a society, justify the cold-blooded murder of Salmaan Taseer by Mumtaz Qadri, merely because this killer believed he was discharging a divine duty? Can a citizen be allowed to execute another summarily in pursuit of a self-defined higher ideal of ‘justice’ not recognised by law, and can such logic be inducted as a valid justification for murder? Isn’t that the story of all psychopaths who pose a threat to society? Must we become apologists for vigilantism and crimes perpetrated in the name of religion (Read More)