The Daily Business Digest

There was some protests going on to show the protests against the Greece President shouting some of the slogans. The tragedy of German has left many shocked as the diplomatic victim is Germany of the European Monetary Union(EMU). According to the Summit test there will be monitoring capacity on the ground says one of the reports related. There will be full implementation of the austerity policies by the inspectors of Europe and in occupation office.

In-spite of all the measures taken up by Greece Greece has been stripped even of the sovereignty. Greece has gained the debt relief through the banks which have joined to help Greece about 50%. Greece will be left out having a public debt of about 120%GDP in the year 2020 and after a period of nine years will gain normalcy. The unemployment rate in Spain is about 21.5% and about a slight away from five million says economists.

In Spain there are about 1.4 million households where the family head does not have a job and now the losses has been reflected in healthcare. Since the Guillotine drop in EU there has been a lot of job losses seen in healthcare and in education jobs. The situation has been really sorrowful and the whole economy is tipping back to recession and getting into crisis. According to the socialist Alfredo Rubalcaba Europe has been pushed into to change according to the EU policy.

The warning to Islamabad from US president Barack Obama over some of the suspected ties to the militants. The suspected ties to the militants has been hurt the efforts of Afghanistan and has fueled the anti-Americanism. According to the chairman of Pakistan Senate Foreign Affairs Committee who spoke during friday over the anti Americanism. Pakistan plays a vital part to bring in peace to Afghanistan but US has failed to persuade and go forward. The persuasion has not helped the militants group to cross the border and attack some of the western forces of Afghanistan.

According to Salim Saifullah who spoke to Reuters the situation is not helping US,Afghanistan or even Pakistan. Pressure will be on Pakistan to get out from the war speaking about the US war over the militancy he stated.
The relationship between US and Afghanistan has put into risk and as Obama has put pressure to Islamabad to cut links with militants. The militants who are mounting attacks in Afghanistan needs to be cut links which has been pressurized by US president.

The Pakistan leaders were being accused by Obama for hedging their bets on Afghanistan in future years. If the hedging the bets goes on Obama threatened the short to cut off the the US aid which is provided. In-spite of the calls which has been given by the lawmakers over the tougher lines the Pakistan intelligence has supported the strikes. The public criticism of Pakistan over Afghanistan has been counter productive and will be created tensions between allies.

The reports from Sana given by Yemeni President Ali Abdullah Saleh said he is ready for power transfer. However the Ali Abdullah Saleh stated that the power transfer will be happening through early elections. Saleh even stated that he is committed to a plan which has been given to him by Gulf states. In a statement given by Saleh we are running after power and need to move together in the ballot boxes. During a speech which was shown in the state television on September 26 Saleh spoke to the television.

The speech was given in September 26 showing the 49 the anniversary to show the 1962 revolution which brought Yemen republic. In order to implement the initiative of Gulf and it needs to be signed by Abdrabuh Mansur who is authorized in the decree of presidential. The power transfer deal of Gulf brokered had been refused repeatedly by Saleh says some reports given in Yemen. The powers transfer deal if signed would be handed over to Hadi in return for a immunity from the prosecution. In order to negotiate the power transfer along with the opposition the president authorized Hadi.

During the speech given today Saleh spoke about the complete election which includes presidential ,local and parliamentary. If the complete elections are not agreed upon the Gulf initiative will be taken up Yemen Saleh stated. Past week itself the Gulf Cooperation Council Deal was to be finalized but the fight by the Yemeni security and loyalist have stopped the deal.

Around two million Somalians are suffering as the aid agencies are not able to provide the necessary supplies. Somalians at present are under the starvation due to the famine struck area of Horn of Africa from past days. The Horn of Africa is under Islamist insurgents as there has been areas worst hit by the famine and starvation. The starvation is due to the worst hit areas caused by the famine according to the UN food agency report on Saturday.

There are areas in Southern Somalia which are in control of AL qaeda linked group called as the Shabaab and has posed a ban on food aid. The food aid of Shabaab was being given in the year 2010 and has caused a dangerous situation to whole of Africa. The starvation of the people continue and about 2.2 million people are suffering and having a dangerous situation. The whole world has to work and give support to solve the situation people of Somalia are suffering without basic need.

Josette Sheeren who is the Executive director of WFP gave the details of Somalia and the way people are suffering. The drought regions of Somalia include many but the worst are in Kenya and Ethiopia and are facing the situation from 20 years. The 20 years Somalians have suffered and the affected are about 10 million people reports UN and several agencies helping out. There are several groups which have ordered the rebel held areas to return some aid agencies have even planned to drop food from helicopter.

Life is increasingly becoming merciless. We don’t really worry about how others are living as long as we live well. We don’t pause to think about the plight of others. And, increasingly, we justify this behavior saying that it is our life and it is our responsibility and we are not really responsible for others’ life.

Though that is a bit of a selfish but correct kind of philosophy, when we become the victim, that is when the pain really hits us. When we become the orphans, when we become the mugging victims, when we become the senile old people, that is when the pain becomes unbearable. But, that is exactly the point. It is everyone’s responsibility. It is our responsibility too to ensure that the less privileged sections of society are cared for.

It is our responsibility to ensure that the seniors live well. This is where one has to understand the tools available for the same. There are tools such as the senior living marketing where one can understand what all one can do for the seniors. There are also tools such as the assisted living marketing which help one to live with the assistance of others. There are also clinical tools such as the clinical assessment tools which help in assessing how well the body is and what are the things which need to be done so that the health aspects are taken care of.

Once we do all the above, it becomes much easier to assess the needs and deliver the same to the senior citizens who may not be in a position to take care of themselves adequately. This has to be done by others. The simple reason is that the young generation of today is pretty fast going to be the senior citizen of tomorrow.

The capital of Yemen Sanna had been filled with a vast number of protesters as on Tuesday. The large number of protesters was seen in the Sanna where a square is situated and protests happened. The protesters had a anti-regime rally which was quite massive says the reports related. The massive anti rally against the president Ali Abdullah Saleh as he was blamed by the protests.

The president Ali Abdullah Saleh had blamed US over the attacks and over Israel for creating the wave of revlts. Leading to the square connected across three roads near the Saana University the protesters crowded. The protesters included students and many pro-Democracy demonstrators who had camped there for more than seven days. The protesters chanted in unison and asked for the departure of ALI Abdullah Saleh as people want to overthrow the regime.

The protest was underway as Saleh had asked for a press conference in Saana during which he accused Israel. Saleh had even accused US for fomenting the anti regime revolts which is rattling the Arab world at present. Saleh stated that the events from Tunisia to Oman had created a storm which are continued by the supervision of Washington. Yemen’s incidents are just the copy cat attempt of the Tunisia and however both people are different in different places.

The President of Egypt had been controlling the country for over three decades but in the last three weeks , people have stood together and eventually they threw him out of the country. Now the army is controlling the country and it has promised a free and fair poll in the next few months.

The transition period is going to be tough for the Egyptians and they may even see worse times in the next few years, if there is no good government in power.

India is showing signs of shocking the foreign investors with more and more new scams coming out every day. Till two months back, Foreign investors were very happy with their investments in India and were also pumping in new money in billions of US dollars.
But now they are becoming wary, with the Kargil land scam , 2G license scam, Housing loans scam, Common Wealth Games scam etc., coming out in the open. These scams only indicate that these are deep rooted and it can shake the entire confidence of the Foreign investors.
The Supreme Court is looking totally upset with the scams , especially the 2G scam worth 40 billion dollars, and is forcing the ruling government to act on it firmly.

The downside risks of the economic recovery is remaining under way and proceeding broadly. The economy of the globe is in the Achilles heel,says International Monetary Fund(IMF). IMF released two documents which described the global economy which said October 2010.

The two documents was World Economic Outlook(WEO) and Global Financial Stability Report(GFSR). A cautious outlook was provided by IMF which compromised the gradual improvements in the Western economics. A distinction was seen in the fund between the trajectories of the emerging markets and developed economics. The large adjustments are faced by the advanced economics which are in the sluggish pace and further unemployment is seen.

The advanced nations can be seen to have some of the major social challenges and still recovering. WEO reports show that the contrast can be seen when the emerging markets of the developing countries are seeing a strong growth. The reason behind strong economy by the developed countries was the developing countries didn’t experience the financial excesses. China at present has a trade surplus and is re balancing the external said the reports from IMF. The financial sector needs acceleration to regain the healthy credit growth by repair and reform says WEO reports.

The Japanese economy was the best performing economy for many decades till 2000, but since then it has been languishing in either stagnation or marginal growth or recession. Despite special efforts by the Japanese Central bank and also the government, the country has been unable to get out of recession in the last two years.
The government has now taken the last bold step of pushing in another round of stimulus package costing 61 billion US dollars. The interest rate is already near zero and nothing seems to be working for the once fastest growing economy. So expect Japan to continue under weak economic conditions for another year at least.