8.24.2014

News from the latest community re-organized by Obama

Bloomberg:
An alliance of Islamist militias said it wrested control of Tripoli’s international airport from a rival force after weeks of fighting that triggered an exodus of foreigners and threatened to plunge Libya deeper into chaos.



Libya’s defunct, Islamist-dominated parliament said it would temporarily resume its sessions, the state-run Libya News Agency reported, a move that may set the stage for dueling legislatures amid a leadership vacuum.



The fighting has battered Libya, undercut efforts to revive oil output in the OPEC member and dimmed hopes for a transition to democracy. It has sparked concern the nation, led by a largely toothless central government, will descend into anarchy and emerge as little more than a failed state controlled by militias.
Who would have thought community organizing would be such relevant experience for a President?

No comments:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...