The World Beyond The Weekend Economist

The World Beyond The Weekend Economist is a part of the greater Weekend Economist, which is an interactive space aimed at being both a source of information and a place for discussion on developing stories related to Economics, Business, Finance, Technology and Geo-politics. On this site we will highlight interesting articles worth reading by providing a short introduction to the story, followed by a direct link to the article in question. Please feel free to post your comments and/or send us your suggestions for interesting articles worth commenting on and linking to by emailing us at weekendeconomist@gmail.com. Also of interest might be our other two blogs, the flagship Weekend Economist "Quaerere Verum" and WE Technology, Strategy & Business. We hope you enjoy our site(s), Benjamin Valk & Jeroen van Bommel.

Tuesday, January 30, 2007

#5 Israel as a Factor of Regional Stability

The common belief around the world (with some exceptions), is that the Israeli-Palestinian conflict is the root of instability in the wider Middle East. Others go so far as to say the existence of the state of Israel is the cause of all that's wrong in the region. Some, however, claim that, were it not for Israel, civil war in a number of Middle Eastern countries would be much more prevalent.

Indeed, one of the few things that unites the diverse factions in the region is a sincere hatred for the state of Israel. Although some Sunni leaders have equated Shiites with the lowest form of being (كفّار kuffār; unbeliever), both sects would agree that the true enemy is Medinat Yisra'el.

A case in point is the recent suicide bombing in the southern resort town of Eilat, where an Islamic Jihad member killed himself and three innocent civilians. Instead of a condemnation, the ruling Hamas movement said that the attack was a "natural response" to Israel's policies. Palestinian Web site Ramattan (unfortunately only in Arabic) even quoted the family of the 23 year old suicide bomber, Fasial al-Saqsaq, as saying "We knew that he was going to carry out a martyrdom operation...His mother and father prayed for him to succeed." President Abbas, on the other hand, condemned the bombing.

Despite their differences, just one day after the bombing, Hamas and Fatah managed to achieve what they hadn't been able to during the relative lull with the Israelis; namely implement a cease-fire. About 36 Palestinians had been killed in the last few days as a result of the infighting, making the threat of all out civil war more likely than ever before. Fortunately for them, a reminder that there is another, more significant enemy, was enough to put a temporary halt to the internal bloodshed.

This pattern can also be found in the rest of the Middle East. While Egyptian President Hosni Mubarak is locked in a struggle with the Muslim Brotherhood, the same anti-Israel voices can be heard coming from government sponsored newspapers and from Muslim Brotherhood officials. Although officially Egypt and Israel are at peace, you wouldn't know it based on their press.

Furthermore, Iran's nuclear program has been a major point of contention for Sunni Saudi Arabia, which is highly weary of any form of Shia domination. Reports have even surfaced that Saudi Arabia is considering developing her own nuclear program in response to Iran, which was corroborated recently by a top Saudi ambassador. While a nuclear program does not necessarily equate to seeking a nuclear weapon, it does seem odd for a country like Iran to need nuclear energy, while the Saudis have made clear they will only embark on a nuclear path if Iran remains defiant. Again, despite the animosity between these countries, there is no hesitation in collaborating when it comes to arming and financing groups hostile to Israel.

Other examples that cannot be ignored include Lebanon and Syria. Both the current internal strife and the horrible civil war in Lebanon show the precariousness of stability in the diverse country. The recent conflict with Israel, however, united practically the entire nation and garnered Hezbollah unprecedented support. Now that the enemy is gone, the country is on the verge of political collapse. In a sad, ironic sense, it appears only Israel is capable of uniting the Lebanese. In Syria too there were massive movements against Assad's Baathist regime, culminating in a major crackdown that decimated the Muslim Brotherhood mainly due to what is commonly known as the Hama massacre in 1982. Here too there is little conflict when it comes to how to perceive Israel: hate them.

Perhaps there is something to the idea that Israel is in fact a source internal stability for rival factions in the Palestinian territories and the greater Middle East. Rather than a source of instability for the region, Israel serves as a unifying element for internal (and at times external) politics in a number of Middle Eastern countries.

Monday, January 29, 2007

#4 Alternative Energy Stocks

Are you one of those people who is convinced the price of oil will continue to increase? If so, you could choose to ride the oil wave all the way to the top and sell with a handsome profit. However, you could also think longer term and invest in alternative energy picks.

Michael Brush provides a good overview of what to do in terms of investment if you believe the price of oil will reach $100.

Jim Jubak proposes a slightly different strategy; invest in pipeline master-limited partnerships and energy master-limited partnerships (look mainly at the second page for the stock picks).

Finally, the most comprehensive guide to alternative energy stocks is provided by Stockerblog, who has written about high flying and potential moneymaking solar energy stocks, wind energy stocks, ethanol stocks, and flywheel storage energy stocks. These Stockerblog articles are all must reads if you want to build a solid portfolio consisting of alternative energy stocks.

#3 Ban - Darfur's Hero?

While former Secretary General Annan often spoke of his feeling of guilt for not having done more to stop the Rwandan genocide, little was done about Darfuf under his leadership. This might be changing under Ban Ki-Moon, as the continuing crisis in the Sudanese region of Darfur is set to dominate proceedings and headlines at the African Union in Ethiopia. Ban is personally meeting Sudanese President Omar al-Bashir and has pledged to press him to allow UN peacekeepers in. Sudan appears under pressure at the AU Summit - will the tragedy in Darfur finally be tackled?

Sunday, January 28, 2007

#2 Gaza Internal Assassination Attempts

Palestinian President Mahmoud Abbas escaped an assassination attempt last week (January , when four large explosive devices were uncovered by his security officers on the road leading from the Erez crossing to Gaza, as the Palestinian president left Ramallah and was about to travel on that route. Ironically the assassination attempt took place while Abbas was on his way to meet Palestinian Prime Minister Ismail Haniyeh to discuss the establishment of a national unity government.

This is reminiscent of an incident in October 2006, when Haniyeh escaped a convoy attack. However, officials in Haniyeh's office said at the time that the attack did not appear to be an assassination attempt.

#1 Introduction to The World Beyond The Weekend Economist

Welcome to The World Beyond The Weekend Economist!

The World Beyond The Weekend Economist is a part of the greater Weekend Economist, which is an interactive space aimed at being both a source of information and a place for discussion on developing stories related to Economics, Business, Technology, Finance and Geo-politics. The Weekend Economist is aimed at global citizens who want to expand their scope and understanding of global affairs, without a necessary background in these disciplines.

The World Beyond The Weekend Economist highlights interesting articles worth reading by providing a short introduction to the story, followed by a direct link to the article in question.

The Weekend Economist draws its research from a range of sources, including the Financial Times, Forbes.com, The Economist, Wall Street Journal, Financieel Dagblad (Dutch) and BBC News. Various academic journals and publications are also addressed so as to ensure the quality of the references.

The Editors are Dutch born Jeroen van Bommel, BA/MA, and internationally raised Benjamin Valk, BA/BSc/MScBA.

Jeroen is based in the Netherlands and specializes in Political Economy, Science & Technology and Finance. Jeroen is also currently secretary to the Roosevelt Institute of the Netherlands and the European liaison for policy management on sustainable energy.

Benjamin is currently based in Japan and specializes in international political and business affairs. At the moment he is conducting research at the Graduate School of Asia-Pacific Studies, Waseda University.

Readers are encouraged to post their comments and/or send us their suggestions for interesting articles worth commenting on and linking to by emailing us at weekendeconomist@gmail.com.

We hope you enjoy our site!

Pleasant reading (and contributing!),

Benjamin Valk & Jeroen van Bommel