Reuters blog archive
from Ian Bremmer:
Entering 2012, we were staring at a host of critical elections and transitions in countries that represent about half the world’s gross domestic product. You would think those elections and political handovers would have been some of the most important events of 2012. Yet they were largely red herrings.
In China, the consensus view is that even with a change of leadership, China is largely the same as it was; if anything, the Chinese leadership has doubled down on the approaches of its former government. In Russia, Vladimir Putin went from running the country as prime minister to running the country as president. In France, Nicolas Sarkozy was voted out and a socialist, François Hollande, voted in, but that hasn’t changed France’s stance toward the European Union, its most important relationship. And in the U.S., Barack Obama swatted aside Mitt Romney while Congress remained divided, making four more years of the status quo likely.
Yet in one major economy an election really did matter, and really will change the way a country behaves in the global arena. That place was … Japan.
At the beginning of the year, this notion seemed preposterous. Japan has had 18 prime ministers in 23 years, a modern-day Asian record. How important could a Japanese election be?
from Russell Boyce:
In terms of the Ring of Fire, Indonesia had just been too quiet. Warnings that Mount Merapi, which towers above the outskirts of Yogyakarta city on Java island, was about to erupt, were heeded by some and ignored by many. On Monday, a 7.5 magnitude quake triggered a tsunami that hit the remote western Mentawai islands killing at least 343. A day later, Mount Merapi erupted, killing at least 34. It took almost three days for Jakarta based photographer Crack Palinggi to reach the scene of the devastation caused by the tsunami. Beawiharta was quicker to scene of the volcano; needless to say it's always worth standing well back when people are evacuating from an erupting volcano. Bea's picture screams panic, heat and noise of those fleeing as hot ash falls to earth, the drama amplified by the flash blur technique used. It is in complete contrast to the picture taken a day later of sombre near silence as rescue workers crunch through the muffled ashen landscape like newly fallen snow.
A woman covers her baby as she runs from ash falling from an erupting volcano at Kaliurang village in Sleman, near Indonesia's ancient city of Yogyakarta, October 26, 2010. Mount Merapi erupted on Tuesday, prompting terrified villagers to flee and join the thousands already evacuated from its slopes, witnesses said. REUTERS/Beawiharta