Friday, September 30, 2011
Wednesday, September 28, 2011
In Europe, Germany, Italy, Ireland and Denmark have all suffered from continuous economic decline, the technical definition of a recession. The UK economy has greatly shrank, and is expected to continue to contract. Surprisingly, Japan joined this list as well.
There are several countries that have not been greatly affected by the financial crisis, Brazil being among them. Latin American economies have prospered over the past few years. Brazil, unlike some of its neighbors, stabilized its domestic economy, while attempting to put itself in a position for increased foreign investment.
The countries that currently have the most debt are The United States, The United Kingdom, Germany, France, The Netherlands, Spain, Ireland, Japan, Luxembourg, Switzerland, Canada, and Austria. The international financial crisis is effecting our lifestyles, government, and much more.
- Allen, Paddy. "Interactive: Recession: the Worst-affected Countries Business Guardian.co.uk." Latest News, Sport and Comment from the Guardian Guardian.co.uk. Web. 17 Sept. 2011.http://www.guardian.co.uk/business/interactive/2008/oct/08/recession.creditcrunch.
- "10 Countries Least Affected by the US Financial Crisis Business Pundit." Business Pundit: Your Daily Dose of Smart Business Opinion. Web. 17 Sept. 2011.http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/.
- "Economic Crisis and Market Upheavals." The New York Times. 15 Sept. 2011. Web. 17 Sept. 2011.http://topics.nytimes.com/top/reference/timestopics/subjects/c/credit_crisis/index.html.
- Harbus, Richard. "Germany." The New York Times. 15 Sept. 2011. Web. 17 Sept. 2011.http://topics.nytimes.com/top/news/international/countriesandterritories/germany/index.html.
OXFORD-Alexander Low, a British exchange student at Ole Miss, was present when the riots occurred between August 6 and August 10 several boroughs of London city
“The grassroots violence that took place in the London riots showed the disillusionment with the countries youth with the conservative government. It also showed the collapsed values of society, previously un-highlighted on such a level”.
“I feel hurt by what happened and find it a sad way for the rest of the world to envision the youth of London” Alex Low said. The riots were a response to the fatal shooting of Mark Duggan by Metropolitan Police Service officers on August 4. Following the peaceful march of August 6 London became the epicenter of rampant looting and arson attacks, which began to spread across cities of the United Kingdom within days.
Though police and their lack of efficiency to maintain order were blamed, the riots have been linked socio-economic causes, social media, gang culture and criminal opportunism. According to Mark Frezzo, a sociologist at the University of Mississippi, there are “structural factors—poverty, unemployment, marginalization according to race, and a legacy of maltreatment by the police—that contributed to the eruption”.
Frezzo said that one needs to pose a number of questions to assess the situation in London and the phenomenon of so-called flash mobs, which has recently been witnessed in the United States. “Under what conditions did the events take place? How did the actors conceptualize their undertakings?”. Frezzo said most of the youth involved come from the most deprived and poorest places of the city.
Hurricane Irene: The Aftermath
Hurricane Irene was a wave of destruction and for Northwest Community College student Maygan Kelly it really hit home.
Hurricane Irene wound up by most estimates as one of the 10 most destructive and deadly hurricanes to hit the United States since 1980. While ultimately not as powerful as many had predicted, the storm still killed at least 27 people along the path from the Caribbean to the eastern seaboard. Transportation was shut down all along the East Coast. Stranding residents and tourists in shelters, airports, and train stations. More that 5.8 million customers lost electricity, thousands of flights were cancelled, flooding washed out the roads and destroyed homes, and evacuation orders were issued for hundreds of thousands. Irene hit the states that had not been tampered with by the likes of a hurricane in years. New Jersey had not had a hurricane hit landfall since 1903. Irene left the east coast with nothing but remnants of life in its wake.
It is estimated that damage caused by the hurricane has already reached $4.5 billion, with the states of North Carolina and Vermont suffering the most. “My parents live in North Carolina,” said Kelly. “I was scared for their lives and I wasn't sure if they would make it.” Her parents live on the outer parts of North Carolina . They had built a basement intended for a playroom for Kelly and her friends but it ended up being a key element in their survival. They were able to stay in the basement with their life jackets by their side in case the hurricane shot through their house and their only option was to try to survive elsewhere. After Irene they are now trying to pick up the pieces of their home one piece at a time. Fortunately they were lucky enough to only have minimal damage to their home and their lives.
After the hurricane over 2.5 million people stretching from North Carolina to Maine were without electricity three days after the hurricane struck. Not only was electricity unavailable, but some of the worst caused destruction occurred inland. Vermont Governor Peter Shumilin called it the worst flooding in a century in his words. Throughout the region, hundreds of roads were flooded or had fallen trees in the roads, which made crossing these roads impossible and therefore left a lot of people stranded. At least three towns in New York were cut off by flooded roads and bridges. In a town called Newfane, the storm was a devastation to most. One hundred fifty people were unable to drive to their homes and 30 were stranded in theirs. Two homes were knocked from their foundations by the flooding, and seven bridges were washed out completely.
Hurrican Irene Expected to Boost Insurance Sales
The Big Picture
Airlifts Planned to Supply Cut-off Vt. Towns
Tuesday, September 27, 2011
Oxford, Miss.-- The Ole Miss Men’s tennis team is a prime example of a major school that recruits top foreign talent year after year with great success. Marcel and Christoph Thiemann, twin brothers from Hannover, Germany are seniors on the Ole Miss Men’s tennis team, both had very successful seasons last year for the team and have been training to lead the Rebels for the 2011-2012 season, which begins in the spring semester. While these two are key players on the team assistant coach Toby Hansson explains the International perspective in its full spectrum.
Ole Miss Men’s tennis team currently has seven International players on its roster of nine players total. “ The language barrier is tough, it is a large hurdle to overcome but they are all amazed at how easily they get used to the language here,” said Hanson.
“ Tennis is a worldwide sport and it is a great opportunity here, athletics and Universities go together as one by representing the University here, they have a feeling of importance, like they are representing something other than themselves. The university benefits as well, both sides gain from international experience.”
Having International players on an officially recognized NCAA sports team (as opposed to a club team/Intramural team) is something unique to college tennis in particular. Major college sports like football, basketball and baseball are usually made up of entirely American athletes. Tennis on the other hand, for Ole Miss and many of the nation’s top programs consists of teams rosters loaded with skilled foreign talent and experience.
“Playing a high level of competition back home has made us tougher mentally and physically for the upcoming college season here for Ole Miss,” said Marcel.
International players aren’t preferred by Ole Miss on all accounts but diversifying and competing with other teams requires seeking talent globally.
“We do seek out American talent but many of the top young players are in Europe right now and competing with the top teams is something you have to think about when looking at these players outside of the United States,” said Hanson.
Hanson explained that the scholarships were different in various countries that these players come from.
“Many players come because they have the chance to continue their tennis careers but realize that they need new experiences and an education to fall back on.”
The Thiemann’s came to Ole Miss for experience and the chance to continue both their tennis and education careers.
“ Here (Ole Miss) we receive significant scholarships and get experience from playing against some of the best competition at our age in America that we couldn’t get back home,” said Marcel.
During the fall school semester the team will be playing tournaments all around the nation to keep in match form before SEC play begins in the spring.
“Playing competitive matches in the fall is important to the growth process of the team because we play opponents of different styles and abilities that we have yet to see,” said Christoph.
Many players like the Thiemann’s adjust to life at Ole Miss rather quickly but this isn’t an easy transition by any means.
“I think that since they are members of a team and the fact they all come from different places makes things difficult in the beginning but they begin to have that natural feel like they belong here. People in Oxford are giving of their time and embrace the us,” (the team) said Hanson.
The brothers said that they are excited about the team they have this year and they expect to do big things.
“Marcel and Chris will once again be key figures on the team this year; as much of the teams success is based on their play and leadership. But really it’s the new guys as well; everyone plays a part once they get settled into the team and new season,” said Hanson.
Both are expected to play singles as well as doubles again this season.
The 2011-2012 Ole Miss Men’s tennis season begins in January at the SEC Indoor Tournament in Atlanta, Georgia.
Oxford- Can the intensity of hurricanes be lowered by making Oxford more environmentally friendly? It can be if we start at a local level and take small steps.
Cathy Grace, a geology instructor here at Ole Miss, says hurricanes are affected by the temperature of the oceans.
"Given that hurricanes are fueled by the energy they draw from sea surface temperatures, it stands to reason that if global atmospheric temperatures rise, this will lead to a rise in sea surface temperatures, thus leading to an increase in the intensity of some storms."
Even though Oxford is situated far away from any foreseeable danger from a hurricane, the city is still finding ways to make the overall environment better.
"We need to try to cut back on our greenhouse gas emissions. Don't crank that car, ride a bike when we can or depend more on our bus system and encourage our friends to do the same. Try to use less electricity which will result in less coal consumption for power generation. Recycle more."
An increase in car-pool websites, Oxford University Transit riders, and bicyclists can be seen throughout the city. Canteen fillers have also been installed on campus to cut down on plastic usage and to encourage recycling.
A new 72-unit apartment complex off Molly Barr Road was just approved by the city's planning commission and is being built around bike paths in the area to promote their use. Bike racks and new pathways are being planned to be developed along with the complex.
Chairman of the city's Pathways Commission, Mike Mossing, says despite improvements in the city, there is still a long way to go.
"We need to get the city, university, and school district to plan roads and developments to make cars less necessary for the short trips everyone makes every day."
Sophomore Biology major, Daniel Loftus takes Grace's advice to heart. He commutes to North West Community College from Anderson Road on bike and then bikes to work on the Square five days a week.
"It takes a little longer than driving but it is definitely worth it. I feel it keeps me more in shape and there is no hassle parking, which is a major plus."
Loftus, who is from the Gulf Coast, was greatly affected by Hurricane Katrina.
"I like to think I'm doing a small part to decrease the level of global warming, but it's obviously hard to see. If more people stop driving everywhere every day, I'm sure some proof of a decrease will totally show eventually."
Loftus and many others like him are taking what Grace calls, "tiny, baby-steps on local levels," to make our environment a little better every day. These steps can eventually lower sea surface temperatures and, in theory, lower the intensity of hurricanes around the world.
Monday, September 26, 2011
Tuesday, September 20, 2011
OXFORD-Between August 6th until August 10th several boroughs of London city suffered through a multitude of riots. Essentially, it was seen as a response to the fatal shooting of Mark Duggan by Metropolitan Police Service officers on August 4th, 2011. Following the peaceful march of August 6th London became the epicenter of rampant looting and arson attacks, which began to spread across cities of the United Kingdom within days.
Every year the University of Mississippi welcomes a number of foreign exchange students to their campus. Amongst these are large numbers of British students. With the recent acts of violence in the London city area the question remains how it has affected them and especially considering the aftermath being so far away from home. Alexander Low is one such student who was present when the riots occurred. He says “[t]he grassroots violence that took place in the London riots showed the disillusionment with the countries youth with the conservative government”. He later continues to state “it also showed the collapsed values of society, previously un-highlighted on such a level”. As him being part of the youth of the London city he says “I feel hurt by what happened and find it a sad way for the rest of the world to envision the youth of London”.
Though police was blamed for the initial riots and their lack of efficiency to maintain order, the riots have no been linked to other contributing factors such as socio-economic causes, social media, gang culture and criminal opportunism. According to Dr. Mark Frezzo, a sociologist at the University of Mississippi, states that there are “structural factors—poverty, unemployment, marginalization according to race, and a legacy of maltreatment by the police—that contributed to the eruption”. Keeping this in mind one may assume that the UK riots of 2011 were more then just a reaction to a shooting.
Dr. Frezzo continues to suggest that one needs to pose a number of questions to assess the situation in London and the phenomenon of Flash mobs, which has recently been witnessed in the United States. One might take into consideration “Under what conditions did the events take place?” and “How did the actors conceptualize their undertakings?” says Dr. Mark Frezzo. These questions must guide one into a deeper understanding of the sociological aspects, which have been suggested by many, and contribute to certain theories, which have evolved from this.
The recent circumstances in the United Kingdom has brought about the scare of flash mobs, or generated violence, which has now also reach the United States. Often the crimes, which are involved with flash mobs, are committed by youths who often commit violence against innocent bystanders. When looking at the figures associated with the flashmobs, especially considering the London riots, there are a number of elements, which are especially important. Dr. Mark Frezzo who stated that the socio-economic status of most of the youth involved would be of the most deprived and poorest places of the city also previously suggested these elements. Taking this into consideration one would question if it essentially society’s duty to tackle this problem by locking down on criminality or turning a blind eye?
Monday, September 19, 2011
Senior biology major and former president of the Indian Student Association, Manasi Desai, said that corruption has been a problem in
“The corruption in
Yet Anna Hazare, a major social activist in
He questioned members of the Congress Party’s failure to address different instances of corruption and scandal in the government.
“What Hazare is doing is getting the youth involved. He is organizing people,” Desai said.
Hazare garnered widespread acclaim for his work in the rural Indian
The Indian government implemented an Inquiry Commission after Hazare accused two government officials of taking in more money than they were earning. The Inquiry Commission found both of the ministers guilty but then another government commission overruled the guilty verdict that was reached.
Hazare gained rapid support from Indian citizens and staged protests and demonstrations. The government was surprised by the public support that Hazare had.
According to Hazare, “A peaceful war has been waged against corruption and unless it is eliminated, the country will not be free in its true sense.”
This isn’t the first time Hazare has been arrested. In 1999 Hazare accused the Social Welfare Minister at the time of corruption. The minister filed a defamation suit against Hazare, and Hazare was found guilty. He was sentenced to three months in prison but did not serve the whole term due to outside pressures.
Hazare has been compared to Mahatma Gandhi for his similar tactics in government confrontation. He implements Gandhi’s method of civil disobedience in the form of hunger strikes and peaceful demonstrations, to push for change.
Desai thinks the comparison is accurate. “I definitely think of Hazare as the modern age Gandhi, he is just gathering people to believe what he believed- just like Gandhi did."
Hazare’s protests and hunger strikes haven’t really gained much attention here in
“I may not be familiar with Hazare,” Evans said, “but I do agree with most social uprisings, not necessarily the use of violence, though. I think it is good he is out there trying to make a change. I believe that this is important and more people should know about it.”
Most Americans may not know is going on in over
“The way things have been going in the past five years -we have seen the youth get
more involved in politics," she said, "In the future I see it getting better.”
On August 21st, it became clear that Colonel Qaddafi’s power was disintegrating when the Libyan rebels swelled into the city of Tripoli taking control of Libya’s capital. Over the past month the pulse of Colonel Qaddafi’s power has grown increasingly more faint. On September 5 a convoy of Libyan Army vehicles was reported to have crossed the country’s border into Niger signaling a possible change in power.
It is no secret that Libya is one of the leading countries in oil production; supplying 1.7 million of the world’s barrels a day. Since the conflict in Libya began in February, oil prices have raised $20 a barrel. Gas prices have risen by 50 cents, bringing the price per gallon well over $4 this summer. Now that Qaddafi’s rule seems to be over, many wonder how gas prices will be affected.
“ I’m sure we will see some lower gas prices. Conflict in the middle east is what has made our gas prices so high in the first place,” said Raymond Nalty, from Jackson, MS.
The U.S. imports 71 percent of its oil from foreign countries. In 1995 the U.S. used just under 50 percent, and by 2005 the U.S. imported almost 65 percent of its oil came from foreign countries.
“I can tell you that US not only relies primarily on foreign oil- it relies almost totally on foreign oil,” said Ole Miss Engineering Professor Louis G. Zachos
Although the U.S. does import most of its oil from foreign countries, Libya is not the main supplier. Libya supplies The U.S. with just 44,000 barrels of oil a day. That is less than 1 percent of the country’s total oil imported. Last year Libya produced 1.6 million barrels a day; only 1.8% of the world’s oil used daily. In comparison Saudi Arabia produces almost 8.4 million barrels of oil per day. The U.S. imports 9.3 percent of its oil from Saudi Arabia.
The U.S. does not rely heavily on Libyan crude oil but prices were still affected by the conflict in Libya due to its quality. The oil produced in Libya is very easy to refine, and many European countries rely heavily on it. Many refineries found in Europe do not have the technology to refine Saudi Arabian oil due to its thickness and sulfur content. The conflict in Libya caused panic among oil refineries in Europe, causing the price of Libyan crude oil to skyrocket.
Now that the conflict in Libya seems to be residing, it will be interesting to see how U.S. gas prices will be affected. Due to the U.S. low usage of Libyan oil, the effects will most likely go undetected. The low consumption of gasoline caused by high gas prices, should bring the price down over time. If not, there are steps being taken to assure that prices will not escalate further. The U.S. and Europe have lots of gasoline in reserve.
However, changes in U.S. gas prices due to the conflict in Libya are most likely not a possibility. The U.S. could completely replace Libya as a source for imported oil if it were necessary. Saudi Arabia is taking steps to produce more crude oil, increasing production by six hundred thousand barrels a day.
“If there are major changes in oil prices because of the issues in Libya, it won’t be here in the United States,” said an anonymous Vanderbilt Economics Professor.