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’UN (finally) to vote on Libya no-fly zone
It’s taken a while, but Thursday afternoon should see a UN Security Council resolution (click here to read the draft) to endorse a no-fly zone over Libya and to “take all necessary measures to protect civilians and civilian objects in the Libyan Arab Jamahiriya”.
Bahrain: Saudis in, violence up and capital out
Further crackdowns took place in Bahrain on Wednesday with the army calling a curfew in parts of Manama and banning gatherings until the situation was “back to normal”, reports the FT on Wednesday.
Meanwhile, in Bahrain…
Call it the first response to the Abdullah-Brehznev doctrine.
The FT reports Tuesday that Bahrain has declared a state of emergency and asked the military to reassert its control over the capital, Manama,
The world and the dollar react to Robert Fisk
As we reported earlier, The Independent appears to have rocked the world on Tuesday with its Robert Fisk exclusive exposing a secret plot by international central banks to topple the US dollar.
As we’ve stressed,
Indy and the secret plot to topple the dollar
Rarely does The Independent (remember it?) make such a big international — and financial — splash.
But its front-page article on Tuesday, by Middle East correspondent Robert Fisk, has certainly caused a stir.
Major blow to Gulf common currency plans
Progress on the formation of the Gulf Cooperation Council (GCC), a project that aims to create a Gulf Arab monetary union, had been going swimmingly of late.
Most importantly, earlier this month, the GCC got over what was assumed to be one of its most thorny issues – the choosing of a headquarters.
A commodity anchor, or oil as money
Former director at London’s International Petroleum Exchange (and frequent contributor to FT Alphaville’s Long Room) Chris Cook has long been campaigning for a new monetary system that would link monetary units to energy.