Reuters blog archive
from The Great Debate:
December 10 marks Human Rights Day, the 65th anniversary of the landmark Universal Declaration of Human Rights (UDHR), signed by 48 nations -- with just eight abstentions.
Sixty-five years ago, naysayers insisted it was nobody else’s business how governments behaved within their borders. The declaration confronted this cynical view -- and continues to do so today. Human rights abuses and their consequences spill beyond national borders, darkening prospects for harmony and stability across the globe. Freedom of religion or belief, as well as other human rights, are essential to peace and security. They are everyone’s business.
Each signatory nation pledged to honor and protect these rights. For example, the declaration provides the foundation for much of the agenda of the U.S. Commission on International Religious Freedom, on which we serve.
Yet 75 percent of the world’s population now lives in countries in which this freedom is highly restricted, according to a recent Pew study.
from Global Investing:
The latest data from Ukraine shows its hard currency reserves fell $2 billion over November to $18.9 billion. That's perilously low by any measure. (Check out this graphic showing how poorly Ukraine's reserve adequacy ratios compare with other emerging markets: http://link.reuters.com/quq25v)
Central banks often have tricks to temporarily boost reserves, or at least, to give the impression that they are doing so. Turkey, for instance, allows commercial banks to keep some of their lira reserve requirements in hard currency and gold. Others may get friendly foreign central banks to deposit some cash. Yet another ploy is to issue T-bills in hard currency to mop up banks' cash holdings. But it may be hard for Ukraine to do any of this says Exotix economist Gabriel Sterne, who has compared the Ukraine national bank's plight with that of Egypt.
from The Great Debate UK:
There was widespread dismay at a recent survey that ranked Egypt as the worst Arab country to be a woman. The poll, conducted by the Thomson Reuters Foundation, found that an astonishingly high 99% of women and girls experience sexual harassment, and worst of all the perpetrators of this abuse often go unpunished. Egypt scored poorly in every category of the poll including violence against women, reproductive rights and their inclusion in politics and the economy.
The poll surveyed 366 respondents – aid and healthcare workers, policy makers, journalists, academics and lawyers – and asked their opinion on women across Arab League countries. Although this is a perception poll, it is useful to get an idea of how the outside world view women’s role in society, politics and the economy. Perhaps the most interesting finding is that three out of five Arab Spring countries were ranked at the bottom of the pile. Discouragingly, it looks like revolution has not brought women the freedom they campaigned for in Tahrir Square in 2011.
from The Great Debate:
It is time for Washington to change the parameters of the debate on its foreign policy toward the greater Middle East. It is not a choice between human rights and security -- rather, the two goals should go hand in hand.
The United States does not need to lose its longtime allies in the Middle East and beyond in order to promote human rights and democracy. In fact, U.S. allies will be more likely to undertake political reform if they feel that Washington is a close partner.
from The Great Debate:
Only rarely have American leaders been able to reconcile the nation’s democratic values, material interest and national security.
Despite these tensions, promoting democracy has always been a lodestone for American foreign policy. Sometimes its attraction has been weak, very weak, overshadowed by more immediate national security concerns. During the Cold, War, for example, the United States backed many autocratic leaders in exchange for their support against the Soviet Union -- or at least for pretending to be democrats. Sometimes, very rarely, as in the case of Germany and Japan after World War Two or Eastern Europe after the collapse of the Soviet Union, all good things -- freedom, security, economic prosperity -- have gone together. But these moments are exceptional.
Pulling back from the brink. The Federal Reserve certainly has and so has Silvio Berlusconi (so far).
Not much to say about the Fed directly, except that it’s surely still only a matter of time, but it certainly takes the pressure off the central banks meeting in our region today. German Bund futures have leapt about 1-1/2 points and Italian bond futures are up more than a full point. We can expect emerging market assets to climb sharply too – the Turkish lira is up three percent, for example, giving its embattled central bank some breathing space.
from David Rohde:
Dictators have never looked so good.
Vladimir Putin is saving the United States from another Mideast military intervention. Bashar al-Assad promises to 'thin the herd' of jihadists and hold Syria together. And Egypt’s new strongman, General Abdal Fattah el Sisi, says he is sorting out the Muslim Brotherhood. With each passing month in the Middle East, it seems, authoritarianism grows more attractive.
Leaders described as “repressive” sound eminently reasonable. They promise to bring order to chaos without dirtying American hands. Putin’s op-ed article in the New York Times on Wednesday was the latest example.
from The Human Impact:
CREDIT: Mina Fayek
LONDON (Thomson Reuters Foundation) - Egypt appointed a newconstituent assembly on Sunday, the third since a popular uprising toppled President Hosni Mubarak in 2011.
This week, Cairo-based blogger Mina Fayek posted a very usefulinfographic on his blog detailing the composition of the 50-member assembly ordered to review amendments to the constitution signed by Egypt’s first democratically elected president, Mohamed Mursi, at the end of last year.
from The Great Debate:
As Egypt’s military-led government appears to be solidifying its gains, and Cairo largely succumbs to its harsh measures, talk of civil war has, for now, abated. One big reason for this is because in Egypt everything is negotiable.
An old Egypt hand told me this in 2011, when I moved there to work at the American University in Cairo. I thought his advice referred to navigating turbulent academic waters. I soon realized, however, that it applied to the entire country. Throughout my two years in Egypt, this advice helped me make sense of the head-snapping events taking place in the political arena. It can also help predict a likely outcome of Egypt’s current situation.
from Photographers' Blog:
Gaza-Egypt border in the southern Gaza Strip
By Mohammed Salem
It was not easy to get in to the tunnels’ area on the Gaza-Egypt border. I had to make an enormous effort to obtain a permit from the Hamas-run interior ministry because there is a ban on photography in this area for apparent security reasons. Once I had the permit, I headed straight to the area where I was stopped at several police checkpoints before finally getting to one of the smuggling tunnels. It took me a few minutes to take in the area and see the real situation with my own eyes, not as it is described by others. Hundreds of tunnel entrances were covered by tents in an attempt to hide the location and Egyptian army tanks were close by, guarding the border.
One of the tunnel workers, Abu Mohammed, offered to let me see his tunnel. At the entrance, his colleagues were sleeping and having a rest after some hard work while the other shifts were working underground. Abu Mohammed decided to accompany me to help me while I was photographing inside the tunnel. I was surprised and a bit frightened to see a 20 meter-deep hole, and wasn't so happy about going down into the dark. Abu Mohammed encouraged me, saying that you descend on a rope operated by an electric generator, assuring me that the rope was strong enough to carry heavy construction materials. I tied my cameras around my body and the adventure began.