My Beauty Best Teacher

• AIDS Study Marks Prevention Breakthrough With Antiretroviral Drugs - WSJ.com

  A landmark study with hopeful results.

  tags: education aids science

Posted from Diigo. The rest of my favorite links are here.

• Google to Revamp YouTube With 'Channels' - WSJ.com

  Youtube is going to have "channels" and position itself to compete with Netflix, Amazon, and Hulu. It is very interesting how the cable companies seem to be sitting aside and ignoring the primary cable channels coming into our homes through our Roku boxes.

  tags: education video

Posted from Diigo. The rest of my favorite links are here.

More hype about Africa's consumers in the WSJ no talk about the continent's lack of a manufacturing base:

Mogadishu Man reports:

courtesy of Mogadishu Man

The KM 50 airport was, until now, the largest Qat depot in Somalia. Located in the Lower Shabeelle region, near Afgooye, the airport received an average of 7 plane loads of Qat a day, adding an estimated $1,500,000 a day to the Kenyan economy. The cargo would then distributed to all the cities in Southern/Central Somalia and to individual sellers. The Islamists’ decision to forbid the landing of Qat planes at the airport is by far the toughest verdict, in their long list of punitive measures against the stimulant, to be meted out to the Qat merchants in Somalia, and consumers alike. But how will this decision affect the people of Southern Somalia?

More here
I wonder is Qat any worse a stimulant than coffee?

Image via WikipediaIn the WSJ, Carlos Slim on charity:

“The only way to fight poverty is with employment,” he said. “Trillions of dollars have been given to charity in the last 50 years, and they don’t solve anything."...Now Mr. Slim isn’t un-charitable. He has contributed hundreds of millions of dollars to his foundation and has funded millions of dollars in joint-venture projects with the Bill and Melinda Gates Foundation.So he clearly isn’t against charity entirely. His point seems to be that society would benefit more if the wealthy channeled their creative energies and talents toward building job-creating businesses rather than doling out cash. It is the 21st century billionaire version of the old adage, “give a man a fish and he eats for a day, teach him to fish and he eats for a lifetime.”

More here

Peter Cunliffe-Jones writing in the BBC:

...Both Indonesia and Nigeria, my guidebook told me, are the giants of their region, home to tens of millions of people. Both were formed as one nation by Europeans around 1900. Both were governed by the colonial system of "indirect rule". Both once made money from palm oil, and later discovered oil and gas.At independence, the standards of living in the two countries were comparable on most measures. And since independence, both have suffered three decades of military misrule and corruption.Their first coups were launched within months of each other - in September 1965 in Indonesia and in January 1966 in Nigeria - and their military regimes died within 12 months, in May 1998 and 1999.
It was not only my friend who made the comparisons. But, talking to the editor of an Indonesian magazine the day after I arrived, I was struck by a statistic he mentioned in passing. In Indonesia, he said, the life expectancy of a child at birth had risen from 45 to 70 years since independence.In 1960, Nigeria produced almost half the world's palm oil, now it covers just 7%In Nigeria, life expectancy remains stuck just above 45; today it is around 47.

More here
Jeremy Weate providing further context states:

...in the final analysis, the difference in models of corruption and commercial contracts boils down to a stronger civil society in the archipelago state. In which case, the lesson Nigeria can learn from Indonesia is the importance of building up a healthy civil society, which includes non-governmental organisations, the media and religious organisations. The work is still all ahead..

Prisoner of Conscience-Lapiro de Mbanga:

Early in 2008, angered by high living costs and a constitutional change that would allow the president to stay in power indefinitely, people in Cameroon took to the streets. Amid nationwide strikes and mass demonstrations, popular singer Lapiro de Mbanga, who had demanded that the president resign, was arrested and charged with inciting youth unrest. In September he was jailed for three years...Lapiro has become a symbol of peaceful resistance to the erosion of democracy in Cameroon, but has paid a big price: imprisonment, deteriorating health and financial bankruptcy. The song, Constitution Constipée, expresses Lapiro's and many fellow Cameroonians' strong objections to the constitutional amendment which will allow President Biya to stay in power after 2011. Previously the mandate was limited to two seven-year terms-Freedom to Create

In a WSJ report:

Ms. Clarke (founder of Africa.com) sees investors as an important long-term audience for Africa.com, and the site recently partnered with London investment boutique firm Liquid Africa to provide financial data. “The U.S. sees Africa through a charitable lens, but Europe and now the Chinese see Africa through an investment lens,” she said.

In the FT:

Africa’s top 40 companies are emerging as competitors on the global stage, propelled by economies whose performance now rivals the Bric nations, according to new research by the Boston Consulting Group.
According to the study, to be published on Tuesday, 500 African companies have been growing at more than 8 per cent a year since 1998. The report selects the top 40 among them, ranging in size from $350m (€285m, £240m) to $80bn, and argues that these companies, already regional players in mining, consumer industries and services, are now well positioned to “spread their wings and look beyond the continent”...[continue reading]

Tyler Perry's dependency dig at Spike lee "We do not have to wait for someone to green light our projects, we can create our own intersections."(echoes of Nollywood vs FESPACO?) via TechMasai
How Menes Zenawi continues to strangle Ethiopia-Economist
Senegal plans first bond offering-WSJ
Contributions to Science, Invention and Technology-Africa Within via African Executive

In the FT:

Nigerians have not seen their president for more than two months and tensions are mounting, with huge security implications for the oil-producing giant and the wider region. If Abuja does not resolve the impasse over its leadership and return governance to a clear constitutional track very soon, it will spell disaster.

More here

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• Over 300 Died in Nigerian Clashes (online.wsj.com)

In The Banker Africa Export Import Bank's Jean-Louis Ekra states:

Creating more wealth through local entrepreneurs producing goods that are value added will produce local wealth.
Once you diversify away from commodities you are less subject to volatility. If more and more African countries produce finished goods then we can trade among ourselves and new markets would open up.
China has become a market today but 20 years ago people were saying it would never have any [internal] purchasing power. What has happened in-between is that China created wealth and that is what Africa needs to do.

More here
Related article: "Medvedev blasts Russia's resource based economy"-WSJ

Although I am no expert on foreign policy, I do have an undergraduate degree focusing on it, and so I'm always interested in events like those going on in Honduras. The situation is really quite simple, and summed up nicely by the WSJ via Powerlineblog. I'm going to copy the whole story down here, because it is complete and does a great job at showing just how clear the situation is:

Yesterday the Central American country was being pressured to restore the authoritarian Mr. Zelaya by the likes of Fidel Castro, Daniel Ortega, Hillary Clinton and, of course, Hugo himself. The Organization of American States, having ignored Mr. Zelaya's abuses, also wants him back in power. It will be a miracle if Honduran patriots can hold their ground.That Mr. Zelaya acted as if he were above the law, there is no doubt. While Honduran law allows for a constitutional rewrite, the power to open that door does not lie with the president. A constituent assembly can only be called through a national referendum approved by its Congress.

But Mr. Zelaya declared the vote on his own and had Mr. Chávez ship him the necessary ballots from Venezuela. The Supreme Court ruled his referendum unconstitutional, and it instructed the military not to carry out the logistics of the vote as it normally would do.

The top military commander, Gen. Romeo Vásquez Velásquez, told the president that he would have to comply. Mr. Zelaya promptly fired him. The Supreme Court ordered him reinstated. Mr. Zelaya refused.

Calculating that some critical mass of Hondurans would take his side, the president decided he would run the referendum himself. So on Thursday he led a mob that broke into the military installation where the ballots from Venezuela were being stored and then had his supporters distribute them in defiance of the Supreme Court's order.

The attorney general had already made clear that the referendum was illegal, and he further announced that he would prosecute anyone involved in carrying it out. Yesterday, Mr. Zelaya was arrested by the military and is now in exile in Costa Rica.

It remains to be seen what Mr. Zelaya's next move will be. It's not surprising that chavistas throughout the region are claiming that he was victim of a military coup. They want to hide the fact that the military was acting on a court order to defend the rule of law and the constitution, and that the Congress asserted itself for that purpose, too.

Mrs. Clinton has piled on as well. Yesterday she accused Honduras of violating "the precepts of the Interamerican Democratic Charter" and said it "should be condemned by all." Fidel Castro did just that. Mr. Chávez pledged to overthrow the new government.

Honduras is fighting back by strictly following the constitution. The Honduran Congress met in emergency session yesterday and designated its president as the interim executive as stipulated in Honduran law. It also said that presidential elections set for November will go forward. The Supreme Court later said that the military acted on its orders. It also said that when Mr. Zelaya realized that he was going to be prosecuted for his illegal behavior, he agreed to an offer to resign in exchange for safe passage out of the country. Mr. Zelaya denies it.

Many Hondurans are going to be celebrating Mr. Zelaya's foreign excursion. Street protests against his heavy-handed tactics had already begun last week. On Friday a large number of military reservists took their turn. "We won't go backwards," one sign said. "We want to live in peace, freedom and development."

Besides opposition from the Congress, the Supreme Court, the electoral tribunal and the attorney general, the president had also become persona non grata with the Catholic Church and numerous evangelical church leaders. On Thursday evening his own party in Congress sponsored a resolution to investigate whether he is mentally unfit to remain in office.

Again, I'm no expert, and I don't want to oversimplify things here, but the bad buy is the former President and the good guys are whoever is getting rid of the brutal communist who is trying to illegally stay in power. If I were the President of the United States, I would be supporting those people on the side of good- those who want law, freedom, and prosperity. Perhaps I would wait a bit just to make sure my initial take on events was correct, but probably my statement would be supportive of what is going on, or at least as neutral as Obama's statements were on the overthrow of evil dictators by forces of good in Iran.

But Democrat President Obama sees things differently. He quickly sided with the bad guy, and stood shoulder to shoulder with other bad guys (Castro, Chavez, Ortega) in being "deeply concerned" about the ouster of the tyrannical president. Again, he quickly sided with the bad guy- Obama's first impulses, those that show his qualities and character the most, are to side with bad guys. He further makes a call to restore the tyrannical president to his place, and appears to be 100% supportive of the bad guy in this situation.

I've hammered Obama about his domestic policy, where it appears as if he is trying to destroy the United States for no reason at all. Let's not forget Obama's foreign policy though, where he is attempting to hurt our best friends (British, Israel, Georgia) while attempting to give everything to our worst enemies. Not to make this oversimplify or black and white, but Obama appears to be helping the bad guys. That's why he is a bad President.

Dambisa Moyo in the WSJ:

Few will deny that there is a clear moral imperative for humanitarian and charity-based aid to step in when necessary, such as during the 2004 tsunami in Asia. Nevertheless, it's worth reminding ourselves what emergency and charity-based aid can and cannot do. Aid-supported scholarships have certainly helped send African girls to school (never mind that they won't be able to find a job in their own countries once they have graduated). This kind of aid can provide band-aid solutions to alleviate immediate suffering, but by its very nature cannot be the platform for long-term sustainable growth...[continue reading]

Patrick Barta writes in the WSJ:

Economists have long thought the underground economy -- the vast, unregulated market encompassing everything from street vendors to unlicensed cab drivers -- was bad news for the world economy. Now it's taking on a new role as one of the last safe havens in a darkening financial climate, forcing analysts to rethink their views...the "informal," or underground, economy, an enormous, vital and poorly understood segment of world commerce. It is becoming a lot more important now, as the global financial meltdown casts millions of people out of steady-paying jobs. Especially in developing economies, many of those people are landing in the informal sector, which has become a critical safety net as the economic crisis spreads...[continue reading]

photo courtesy of 234Next media