Showing posts with label Politics. Show all posts
Showing posts with label Politics. Show all posts

Iraq's Sunni leaders accuse PM of crackdown

BAGHDAD (Reuters) - Iraq's Sunni leaders accused Shi'ite Prime Minister Nuri al-Maliki of a political crackdown after troops raided the finance minister's office and home, threatening to reignite a crisis a year after the last American troops left.
The raids and detention of the Sunni minister's staff came hours after President Jalal Talabani, a Kurd who often mediated among the fractious Sunni, Shi'ite and Kurdish blocs, left for Germany after suffering a stroke that could end his moderating influence in Iraqi politics.
Politicians and authorities gave conflicting accounts of the incident, but it was reminiscent of a year ago when Iraqi authorities sought the arrest of Sunni Vice President Tareq al-Hashemi and his bodyguards, accusing them of running death squads just as U.S. troops packed up.
Finance Minister Rafie al-Esawi, a member of the Sunni-backed Iraqiya bloc, said late on Thursday that more than 100 bodyguards and staff were snatched illegally by militias, and blamed Maliki for orchestrating the raids to target opponents.
Maliki's office said only six bodyguards were arrested under counter terrorism laws.
The Hashemi case plunged the fragile power-sharing deal among Shi'ite and Sunni Muslims and Kurds into turmoil, with Sunni politicians boycotting parliament. Hashemi later fled to Turkey and was sentenced to death in absentia.
"This confirms there is continued systematic targeting of the Sunni symbols and leaders participating in the political process," Iraqiya leaders said in a statement.
They called on their supporters to protest peacefully after Friday prayers. Esawi said lawmakers would seek a vote of no confidence in Maliki.
A U.S. embassy spokesman said: "Any actions from any party that subverts the rule of law or provokes ethnic or sectarian tension risks undermining the significant progress Iraq has made toward peace and stability."
Ali al-Moussawi, Maliki's media advisor, said the judiciary had issued arrest warrants for six of the minister's bodyguards and accused rival politicians of trying to stir tensions by linking the case to the premier.
"The law and judiciary for them have no value, they see only political differences," Moussawi said. "They blame Maliki for everything."
STEADYING HAND GONE?
Violence in Iraq is down from the days of intercommunal slaughter that erupted soon after the 2003 U.S.-led invasion that toppled Sunni dictator Saddam Hussein.
But many Sunni leaders feel they have been sidelined from power-sharing by Maliki as he consolidates his authority under a constitution that grants the premier wide powers.
Talabani, 79, a former guerrilla who was admitted to hospital on Monday, had often mediated among Shi'ites, Sunnis and Kurds, and in the growing dispute over oil between Baghdad and the autonomous Kurdistan region.
His illness has fuelled concerns of a succession crisis and tension between Arabs and ethnic Kurds spilling into violence.
Maliki, an ally of Iran who spent years fighting against Saddam's rule, is struggling with Sunni, Kurdish and even Shi'ite rivals over the power-sharing agreement meant to balance posts among religious sects and ethnic Kurds.
The PM's rivals tried earlier this year to organize a vote of no confidence against him. It failed because Talabani did not back the vote and because of splits among Maliki's foes.
Before the raids, most politicians were publicly wishing Talabani a speedy recovery. But behind the scenes, some senior Sunni political leaders suggested they may present their own candidate for the presidency in a challenge to the Kurds.
Under the constitution, parliament elects a new president and a vice president takes over in the interim. The power-sharing deal calls for the presidency to go to a Kurd while two vice president posts are shared by a Sunni and a Shi'ite.
The Sunni vice president, Hashemi, is a fugitive. The other vice president is Khudair al-Khuzaie, seen by some as a hardline Shi'ite from Maliki's alliance.
Among Kurds, former Kurdistan Prime Minister Barham Salih is favoured as a leader with ties across Iraq's sectarian divide. But there could also be a struggle within Iraqi Kurdistan, where Talabani's Patriotic Union of Kurdistan party shares power with the Kurdistan Democratic Party.
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World stocks fall as US budget negotiations stall

BANGKOK (AP) -- Heightened uncertainty about the outcome of budget negotiations in Washington among President Barack Obama, House Speaker John Boehner and other Republican lawmakers drove world stock markets lower Friday.
If a compromise is not in place by Jan. 1, the Bush-era tax cuts will expire and spending cuts will kick in automatically — a one-two punch to the economy that many experts fear will push the U.S. economy back into recession just as it begins to recover from the last one.
European stocks were lower in early trading. Britain's FTSE 100 fell 0.3 percent to 5,938.01. Germany's DAX lost 0.3 percent to 7,646.76. France's CAC-40 was 0.1 percent lower at 3,662.38.
In Asia, Japan's Nikkei 225 index fell 1 to close at 9,940.06. Hong Kong's Hang Seng lost 0.7 percent to 22,506.29. South Korea's Kospi shed 1 percent at 1,980.42. Australia's S&P/ASX 200 fell 0.2 percent to 4,623.60. Benchmarks in Singapore, Indonesia, Thailand and Taiwan also fell. Malaysia and the Philippines rose. Mainland Chinese stocks were mixed.
U.S. stock futures tumbled after rank-and-file Republican lawmakers failed to support an alternative tax plan by House Speaker John Boehner late Thursday in Washington. That plan would have allowed tax rates to rise on households earning $1 million and up. Obama wants the level to be $400,000.
"I think the Republicans will have to yield," said Francis Lun, managing director of Lyncean Holdings in Hong Kong. "Fighting for rich men does not endear you to voters. People earning more than $1 million are considered rich, so it doesn't do the Republican Party any good to really fight for the rights of rich people."
Ironically, the two leaders had significantly narrowed their differences toward a compromise. The latest setback, with Republicans bucking their leader, left precious little time for an agreement to be reached before the "fiscal cliff" of tax increases and spending cuts goes into effect.
Dow Jones industrial futures dropped 1.1 percent to 13,116 and S&P 500 futures lost 1.2 percent to 1,423.90. Analysts cautioned, however, that market swings would be exaggerated because of light trading volumes that typically accompany end-of-year holidays.
"Approaching the weekend and holiday, volumes will likely remain thin, with choppy trading sessions while the 'fiscal cliff' talks will stay in the spotlight," said Kintai Cheung of Credit Agricole CIB in Hong Kong in an email commentary.
Among individual stocks, Mitsubishi Motors Corp. fell 5.8 percent, days after Japan's Transport Ministry issued a warning to the carmaker over the handling of oil leaks in mini-vehicles. Australian surf wear maker Billabong International rose 3.1 percent a day after chief financial officer Craig White left the troubled retailer.
Among mainland Chinese shares, Inner Mongolia Baotou Steel Rare-Earth, China's top rare earth producer, lost 2.2 percent.
Benchmark crude for February delivery fell 86 cents to $89.28 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 15 cents to finish at $90.13 per barrel on the Nymex on Thursday.
In currencies, the euro fell to $1.3209 from $1.3241 late Thursday in New York. The dollar fell to 84.03 yen from 84.42 yen.
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55 people drowned or missing off Somali coast

NAIROBI, Kenya (AP) — The U.N. refugee agency says 55 people have drowned or are missing after an overcrowded boat capsized off the Somali coast.
UNHCR said the incident late Tuesday represented the biggest loss of life in the Gulf of Aden since February 2011, when 57 Somali refugees and migrants drowned while attempting to reach Yemen.
The U.N. says five people survived Tuesday's accident. The survivors said the boat was overcrowded and capsized 15 minutes into its journey. Twenty-three bodies were recovered; the rest are presumed to have drowned.
Bruno Geddo, the UNCHR representative for Somalia, said the deaths are a reminder of the risks Somalis take to flee their country. Geddo said the Gulf of Aden is the deadliest route for people fleeing conflict and rights abuses in the Horn of Africa.
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ECB's Weidmann sees no "big leap" toward EU fiscal union

FRANKFURT (Reuters) - European Central Bank Governing Council member Jens Weidmann expects little progress toward a European fiscal union because there is little political will to relinquish national sovereignty, he was quoted as saying in an interview.
"I do not see the big leap toward fiscal union," Weidmann said in an interview with German magazine Wirtschaftswoche published online.
Weidmann, who also heads Germany's Bundesbank, warned against pooling risks without addressing the issue of sovereignty that a fiscal union would entail.
"If responsibility and control are not aligned, it would undermine the currency union," he said.
Weidmann repeated previous objections to the ECB's bond-buying program for crisis-struck euro zone states, saying, "We have embarked on a slippery slope."
Once a country slips into crisis and requires ECB support through the program, it would be difficult for the ECB to then withdraw its support should the country depart from reforms agreed to as a condition for the support, he was quoted as saying.
"We should interpret our mandate narrowly and not even put ourselves in such a predicament in the first place," he said.
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Malala asks Pakistan not to rename college for her

MINGORA, Pakistan (AP) — A 15-year-old Pakistani girl who was shot by the Taliban for promoting girls' education has urged Pakistan to reverse a decision to rename a college in her honor to avert militant attacks on students, an official said Friday.
Malala Yousufzai, who became a symbol of youth resistance to the Taliban, made the request after students broke into the school, tore down Malala's pictures and boycotted classes in her home town of Mingora. They said renaming the college endangered their lives.
Senior government official Kamran Rehman said Malala called him from London, where she was being treated for critical wounds from the attack on Oct. 9. The Taliban said it targeted her for promoting education for secular girls.
Malala's case won worldwide recognition for the struggle for women's rights in Pakistan and Taliban have vowed to target her again.
Pakistani Taliban have a strong presence in the country's tribal regions bordering Afghanistan.
A bomb ripped through the office of a local militant commander Maulvi Abbas in Wana, a main town in the South Waziristan tribal region in the northwest, killing him and three of his guards, two intelligence officials said Friday.
Abbas was an associate of Hakimullah Mehsud, the head of Tehrik-e-Taliban Pakistan militant group, they said, speaking on condition of anonymity because they were not authorized to brief reporters.
It was unclear who had planted the bomb. The attack came weeks after a suicide bomber in the same town attacked Maulvi Nazir, a prominent militant commander who is believed to have a nonaggression pact with the army.
Nazir was wounded in the attack, and seven of his men were killed.
Since then there has been tension between followers of Nazir and the Tehrik-e-Taliban Pakistan in the region.
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