Talk Elections

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Pending News Queue:

Item	Status
Regional news	X

X = posted; C = completed, pending post

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Tentative Schedule for Recurring Reports:

Topic: Schedule; Next expected release

Federal Revenue/Expenditures: The second Wednesday of every other month; December 9
Regional Budgets: The second week biannually; February 7-12
LIBOR/Prime, Bonds: The last Thursday of every other month; December 31 (Don't expect it :P)
Employment/Unionization: The first day of every other month, with regional numbers the following day; December 1, 2
Population: The first day of every year; January 1
Retail Sales: The first Tuesday of every other month; November 3
Consumer Spending: The first Monday of every other month; December 7
Consumer Confidence: The fourth Thursday of every other month; November 26
Housing Data: The second Friday of every other month; November 13
Durable Goods/Factory Orders: The last Monday of every other month; November 30

Economic and Financial News

Atlasian National Stock Exchange Opens
GM Purple state today announced the opening of the Atlasian National Stock Exchange (ANSE), Atlasia’s first such exchange for trading financial products. Asserting the nation’s independence from the United States, Atlasians flocked to the ANSE to buy up local stock.

ANSE     1,000  (Unch)

Financial Indicators

• $1 Atlasian = $1 U.S.
• Unemployment = 10%
• Crude Oil = $70/barrel
• Revenues = $2.3 trillion; Expenses = $3.6 trillion
• GDP = $14 trillion
• Trade Deficit = $700 billion

Regional News

Lt. Governor Race in Pacific Causes Excitement, Protests
Over the past few weeks the Pacific has seen more excitement than ever before in recent memory. What has long been and is still considered a stronghold for the Jesus Christ Party, the region seemed unsure how to react to the candidacy of Hamilton, a member of the Regional Protection Party.

Since his announcement, Hamilton was met with doubts. Shortly after, prominent JCP member Ebowed threw his hat into the race. With massive JCP turnout expected, this was thought to cinch the race for the former President; however, RPP members seemed determined to turn the tide in the Pacific, with Hamilton supporters streaming to the region to register to vote.

With tensions building, confrontation appeared inevitable. After a number of back-and-forth attacks and counter-attacks from the campaigns, supporters began to turn out at opposition protests en masse. While at first these appeared small and isolated in character, they soon led to confrontation and some reports of injuries. Police quickly stepped in to maintain order at campaign stops for the candidates.

Since the initial confrontations matters have calmed and the campaigns have refrained from fanning the flames any further. The authorities remain on high-alert for the remainder of the campaign to break up fights and address any credible security threats that may arise on and before election day.

National News

Atlasian National Healthcare Act Goes Into Effect
The following are the relevant statistics for the Atlasian National Healthcare Act as passed by the Senate:

Current number of uninsured Atlasians =  40 million
Projected # uninsured under Act = 25 million
Projected # to join ANHCP = 285 million

Projected 10 year cost of Act = $3.4 trillion
Projected 10 year revenue from Act = $3.45 trillion

Analysis
With an available universal program under the Act, this office projects that 25 million currently uninsured Atlasians will receive health insurance coverage with the passage of this Act. Without individual mandates or subsidies to cover premiums for the poor, few poor Atlasians will join the new government program, despite the absence of co-payments and deductibles. With no mandate and new taxes on benefits, those wealthy Atlasians who had refrained from purchasing an insurance plan now have a disincentive from buying in, while middle and upper-middle class Atlasians are somewhat more likely to drop their insurance plan.

Taxes on benefits with the absence of any mandates are likely to result in many employers dropping coverage. Some smaller insurance companies will also be forced to downsize or close due to new requirements to cover those with previous medical conditions and rules preventing them from providing certain basic services. This office projects a loss of $50 million to $250 million in economic activity in this area over ten years.

However, because businesses will no longer be burdened with providing health insurance coverage, projected wages over the next ten years are substantially higher, especially for those who make between $60,000 and $125,000 annually. In addition, the lightened load on businesses, especially smaller ones, will increase economic activity by approximately $700 million over five years.

While most people will proceed to purchase insurance through the exchange, most relying on the universal ANHCP, an estimated 10 million will refrain from buying new insurance. This nets approximately 15 million additional Atlasians with health coverage.

While the cost of the Act and projected number to join government run health care programs seem high, these numbers include the people and funding transferred from Medicare and Medicaid. It also includes those who previously had private insurance, but were transferred to coverage under the government program. Without those numbers, the cost is closer to $1.4 trillion and revenue equivalent to $1.45 trillion over ten years.

Foreign News

Reports Link Venezuela to FARC Rebels in Colombia
A report by the international Human Rights Watch, as well as a Department of External Affairs investigative report has found clear ties between Venezuelan President Hugo Chavez’s military arm and the Revolutionary Armed Forces of Colombia (FARC) rebels.

The news has sparked international criticism, with the Global Treaty Organization (https://uselectionatlas.org/AFEWIKI/index.php/Global_Treaty_Organization), consisting of Atlasia, Australia, Brazil, Colombia, Germany, India, Japan, South Africa, and the United Kingdom expressing major concern and formally requesting that Chavez cease all connections to the group.

Colombia has gone a step further, vowing action against Venezuelan agents believed to be aiding FARC rebel groups on the ground in Colombia. However, the GTO has yet to back Colombia up with support and the Atlasian Department of External Affairs has not yet commented.

On the other side, Chavez has vehemently denied any form of tangible support to the FARC while continuing to espouse his absolute support for their intentions. Referring to Atlasia as “Yankee occupiers,” Chavez said that the FARC was necessary to undermine Atlasian influence in Latin America. Meanwhile, Chavez ordered the delivery of a dozen more Russian tanks and stationed armed military personnel along the large Colombian border.

Here is this morning's news...

Foreign News

Chavez Undeterred
In a show of defiance to the international community, Venezuelan President Hugo Chavez challenged Atlasia and the Global Treaty Organization (GTO) in a televised and radio address early Wednesday morning over the state-owned television and radio stations.

Referring to what he dubbed “elitist interference,” Chavez denounced the pronouncements of the various foreign ministers and secretaries of the GTO member nations, singling out Atlasian Secretary of External Affairs HappyWarrior as an “imperialist crusader.”

In more troubling developments, Chavez continued to militarize the border with Columbia, with a number of Venezuelan armored divisions seen making their way towards the vast border area.

Colombian President Alvaro Uribe was quick to accept the support of SoEA HappyWarrior, echoing the Atlasian secretary’s statement, saying that “Venezuelan saber-rattling” would not be tolerated and would be met with “equal and unyielding force.” As President Uribe said these words, Colombian forces could be seen mobilizing along the Venezuelan-Colombian border.

Quick regional update, more later today or tomorrow on regional budgets...

Regional News

Mideast to Enact “Freedom to Roam” Law; Northeast Continues to Work At Reform
The Mideast Assembly today seemed poised to pass a “Freedom to Roam” law that would allow travelers and campers to “access, use, and pass through” private land exceeding 400 acres.

An initial slew of opposition to the bill, sponsored by Assemblyman Swedish Cheese (DA), resulted in a flurry of amendments that would increase the restrictions on what land could be used under the bill’s provisions. It is expected that the bill would open up around 75,000 km² of land in the region. Now the question remains whether Governor Inks (RPP), who had previously voiced his concern that the bill is a “violation of private property,” will sign “Freedom to Roam” into law.

In other news, the Northeast continues to enact much needed regional reform, entering its second month of negotiations on the subject. While seemingly closer than ever thanks to the combined, tri-partisan efforts of Lt. Governor Barnes (DA), Regional Party Chairman RowanBrandon (RPP), and Frenchman Antonio V (JCP), opposition still remains on the specifics of reform. A vote is expected sometime in the next two weeks.

With the markets closing at the bell, here is today's financial news...

Economic and Financial News

Financial Indicators

• ANSE     1,023  +23 (2.3%)
• $1 Atlasian = $0.99952 U.S. (-0.00048)
• Crude Oil = $70.65/barrel +0.65 (0.9%)

Analysis:
With the passage of major legislation by the Senate meant to buoy the economy, Atlasian stocks received a sizable bump as investors begin to re-enter the market.

The Atlasian Dollar fell slightly against the U.S. Dollar as some economists have begun to vocalize worries about future budget crises as a result of the sizable deficits projected over the next few years.

Crude Oil prices took a slight bounce as commodities have become noticeably more expensive. Mostly a result of the falling Atlasian Dollar, commodities are expected to continue to rise as the global economic crisis tapers off and market demand is restored.

Regional News

Regional Budgets Released
For the first time in Atlasian history the budgets of each region were released to the GM. They will be released in the order of largest to smallest over the course of the next few days:

Pacific: This region has revenue of $850 billion and expenses of $900 billion, resulting in a deficit of $50 billion. The deficit is mostly a result of generous spending with lagging sources of revenue, exacerbated by the current economic crisis. With approximately $200 billion in stimulus funding likely to reach the Pacific in the next one and one half years, this office recommends an additional region-wide income tax increase of 1.5% on all brackets or an equivalent progressive increase in tax rates to balance the budget and maintain adequate spending to alleviate the recession.

Foreign News

SoEA HappyWarrior Visits Colombia, Meets With President Uribe
Atlasian Secretary of External Affairs HappyWarrior visited Colombia today in a show of support for the close ally as the nation prepares for a tense standoff with neighboring Venezuela.

The trip was announced just minutes before the SoEA boarded a flight headed for Bogota, Colombia’s capital. HappyWarrior met with President Alvaro Uribe, as well as with Foreign Affairs Minister Jaime Bermudez and Defense Minister Gabriel Silva Luján.

After visiting troops stationed at the Colombia-Venezuela border, HappyWarrior and Uribe held a joint press conference in which the SoEA stressed Atlasia’s reemergence on the world stage.The SoEA also made a point to alert Venezuelan President Hugo Chavez that he is on a short leash and should be cautious in his next move.

President Uribe in his remarks mentioned the close ties between Colombia and Atlasia, referring to a “bond of mutual trust” between the two nations and stressing Colombia’s record as a free, democratic nation. Perhaps most tellingly, Uribe capitalized on Atlasia’s recent backing of Colombia, returning throughout the press conference to Atlasia’s “commitment” to and “support” for Colombia.


President Uribe’s full statement is translated below:
“Good afternoon everyone,

I would like to thank Secretary HappyWarrior for coming to Colombia. This visit is an important sign of the bond of mutual trust between Atlasia and Colombia.

Earlier today the Secretary and I had a chance to visit some of the soldiers stationed here along the border. He then expressed to me the support of his President Lief against the hostile aggression of Hugo Chavez. Atlasia has reaffirmed their commitment to a safe and secure Colombia where democracy reigns and tyranny is denied.

I, along with my Defense and Foreign Ministers, spoke at length with HappyWarrior about where Atlasia stands in this conflict, and he has clearly stated that Atlasia stands with us! No exceptions!

Today, Atlasia and Colombia stand together as partners, steadfast in our unity. The support of Atlasia has been instrumental in combating the FARC and we will continue to fight the rebellion and those who support it, whether financially or by harboring radical agents.

Thank you.”

Adopted from an AP article...

Foreign News

AP: Term Limits in Columbia Set to Be Extended
BOGOTA (AP) -- Colombia's Senate voted today to pass a bill calling for a referendum on whether to change the constitution to allow President Alvaro Uribe to run for a third term.

The measure, which is to be voted on by the lower House next week, was approved 56-2 by senators after deputies from two opposition parties left the 102-member chamber. The opposition acknowledged earlier that they lacked the support to block the bill.

If the lower House approves the bill, it would then be submitted to the Constitutional Court, which would have three months to determine if the referendum was legal. Prospects for its passage through the lower House and Constitutional Court are uncertain.

The referendum would ask voters if Colombia should modify its constitution to allow presidents to run for two consecutive re-elections. The current constitution, which was already modified once to let Uribe run for a second four-year term, allows for a single immediate re-election.

Colombia's next election is in May 2010, and Uribe has not yet said publicly if he will run for a third term. It is almost certain that the matter was raised during SoEA HappyWarrior’s meeting with Uribe.

Uribe, a conservative closely allied with Nyman, is highly popular for reducing Colombia's murder and kidnapping rates and putting leftist rebels on the defensive. But critics have urged him to step aside, saying eight years is enough and a healthy democracy requires alternating leadership. However, the current confrontation with Venezuela is likely to make a powerful case for continuity in the Colombian government.

You financial report for today...

Economic and Financial News

Financial Indicators

• ANSE     1,016  -6 (0.59%)
• $1 Atlasian = $0.99785 U.S. (-0.00167)
• Crude Oil = $73.54/barrel +2.89 (4.1%)

Analysis:
Atlasian stocks fell slightly as questions arise about the future direction of the Senate. While investors show confidence that current measures will be effective, many are unsure what shape additional measures may take as Atlasians prepare to head to the polls on Friday. The decline was tempered by significant bounces in energy stocks, rising as the price of oil rocketed Thursday.

The Atlasian Dollar continued to weaken as energy and commodity prices pinched consumers and businesses.

Crude Oil prices jumped significantly, rising over four percent in one day as tensions with Venezuela continued to simmer. Venezuela supplies just over 10 percent of Atlasian petroleum imports.

Regional News

Regional Budgets Released
For the first time in Atlasian history the budgets of each region were released to the GM. They will be released in the order of largest to smallest over the course of the next few days:

Northeast: This region has revenue of $780 billion and expenses of $780 billion, resulting in a balanced budget. The reduction of the budget surplus to a balanced budget is mostly a result of a decline in revenues due to the impact of the economic crisis on Wall St., the largest industry in the region. However, without a credit crisis alleviation package yet passed by the Senate, this office recommends proactive actions by the regional government, including the use of most of the stimulus funding to bailout troubled financial industries. In addition, a one-time tax credit for small businesses and middle-income workers could help in the long-run, despite creating a small short-term deficit budget.

National News

High Speed Rail Construction Underway!
This past April the Senate passed and then-President bgwah signed the High Speed Rail Act, sponsoring the construction of “railroad tracks designed for high speed electrically operated trains running up to 250 km/h (156 mph).”

The legislation plans routes between St. Louis, MO and Chicago, IL; Washington, DC and Philadelphia, PA and New York, NY and Boston, MA; San Francisco, CA and Los Angeles, CA; and Dallas, TX and Houston, TX. After months of planning, construction has begun on the line between St. Louis and Chicago, placing the cornerstone of what will be an expansive network of paths connecting major Atlasian cities. Sooner than most expected, those charged with implementing the Act attributed much of the early start to the $30 billion in stimulus funding designated for the project, allowing more of the funds allocated thus far to be pushed up.

Many analysts believe that the HSR Act is an achievement of great foresight by the Senate, putting into effect a new nationwide source of construction employment just as the worst economic crisis in recent memory was setting in. In fact, some have gone so far as to dub the Thirtieth Senate one of the great sessions in Atlasian history in terms of quality of legislation, noting the HSR Act as well as the Help Atlasia Study Act of 2009, the Voting While Banned Act and the Middle East Peace Act of 2009.

Although it is not yet clear how big the impact of the HSR Act will be on the construction industry, it can be expected to create upwards of half a million jobs around the nation, dropping the unemployment rate in construction well below the current level of 25 percent.

Economic and Financial News

Financial Indicators

• ANSE     1,000.50  -15.50 (1.53%)
• $1 Atlasian = $0.99799 U.S. (+0.00014)
• Crude Oil = $74.79/barrel +1.25 (1.7%)

Analysis:
Atlasian stocks fell with the usual Friday sell-off. Indicators for the weekend are unclear, as investors wait patiently for news on the ongoing Senate elections. There are deep worries in Atlasia about the future direction of the Senate, as investors fear that major legislation may be repealed or that the Senate will fail to properly address remaining problems confronting the nation during the economic crisis. The markets are now closed until Monday.

The Atlasian Dollar was slightly up as other currencies took hits due to the global recession.

Crude Oil prices continued to rise, but at a much slower rate than the previous day, likely resulting from the quiet news day from South America.

Regional News

Regional Budgets Released
For the first time in Atlasian history the budgets of each region were released to the GM. They will be released in the order of largest to smallest over the course of the next few days:

Mideast: This region has revenue of $600 billion and expenses of $680 billion, resulting in a deficit of $80 billion. The deficit is mostly a result of the current economic crisis, which has hit the region harder than most. While the numbers currently seem reasonable, this office projects that Mideast industries, especially the automotive industry, will continue to falter beyond the end of the current recession. With that in mind, it is highly recommended that the region directly inject all stimulus money into local industries, cut the corporate tax in half and operate in an increased deficit economy for the near future. This office also urges the federal government to direct an additional $50 billion to $100 billion to the Midwest over the next year to alleviate the region’s budgetary woes.

Regional News

Regional Budgets Released
For the first time in Atlasian history the budgets of each region were released to the GM. They will be released in the order of largest to smallest over the course of the next few days:

Southeast: This region has revenue of $480 billion and expenses of $500 billion, resulting in a deficit of $20 billion. The deficit is mostly a result of minimal taxation along with, at times, lavish spending initiatives. The damage to the manufacturing and agriculture industries in the current economic crisis has also hurt the region. This office, first and foremost, recommends cuts in major projects deemed unnecessary to the economy of the region. In addition, a temporary region-wide income tax increase of 3% on all brackets or an equivalent increase in tax rates should help balance the region’s budget. Stimulus money should be spent predominantly to help the troubled industries in the Southeast.

Foreign News

Analysts Say GTO Expansion Faces Premature Drama
With the Senate looking into expanding the Global Treaty Organization, many analysts say the drama unfolding in the chamber may be premature and, in some cases, dangerous to Atlasia’s international image.

The GTO, a group made up of democratic nations committed to international progress and peace, is currently made up of Atlasia, Australia, Brazil, Colombia, Germany, India, Japan, South Africa, and the United Kingdom. Entrance into the GTO requires a petition from a country, followed by acceptance by four-fifths of current member nations.

Now the Senate is ramping up debate on a package to extend membership to a number of countries, possibly including the European Union, Argentina, Canada, Mexico, New Zealand, Chile and Israel. However, some are voicing concern that Atlasia is moving unilaterally, not even consulting the nations it is seeking to include in the GTO.

A member of the Australian delegation, asking to remain anonymous per diplomatic protocol, said that he had confirmed that “some of the nations Atlasia seeks to include just are not interested in membership.” These included Argentina, which has been aligning closer and closer with Venezuelan President Hugo Chavez , as well as Israel, usually cautious about joining international organizations.

Others argue that Atlasia may do more harm to itself than good by having these discussions prematurely. German representative to the GTO Franz Heidrich, sounding more than somewhat annoyed, said “Atlasia has pushed forward on this without a word of consultation with the other member nations.”

Meanwhile, public misgivings in the Senate about the inclusion of some nations in the bill have sparked angry responses from government officials. An aide to the Israeli Foreign Minister, who asked to remain nameless, remarked that the language coming from the Senate floor was “ an absolute affront” and “damaging to Israel’s standing as an upright and free democratic nation.”

In an interview for this article, Atlasian SoEA HappyWarrior, without offering a direct quote, did indicate that he would soon initiate an outreach campaign to smooth the situation over. He said he would seek to assure member nations that Atlasia had not intended on acting alone, but was rather looking to begin the preliminary stages of the process. HappyWarrior also plans on visiting the nations mentioned in the bill to lobby them to join the GTO.

While the bill has not yet been finalized, the Senate may be wise to tone down the rhetoric and buckle down before the attempt at broadening international partnership damages Atlasia's standing irreparably.

Your welcome HappyWarrior...;)

Foreign News

Unrest In Somalia Spills Into Gulf of Aden
Major troubles confronted Somalia’s Transitional Federal President Sheikh Sharif Sheikh Ahmed as well-armed militias have begun to make more deliberate encroachments into Mogadishu, the capital.

The conflict in Somalia has also translated into problems for the international community, as piracy in the Gulf of Aden has gone unregulated. Efforts by Atlasia and other nations with vital financial interests in the successful transport of goods through the Gulf have committed funds and military resources in an attempt to stem the growing trend.

Despite the efforts, the unrest in Somalia has resulted in over 100 reports of attempted or successful hijackings in the Gulf of Aden so far this year. Many more instances of piracy are expected as the seas in the region calm after the annual storm months pass.

Last, but not least...

Regional News

Regional Budgets Released
For the first time in Atlasian history the budgets of each region were released to the GM. This is the last region:

Midwest: This region has revenue of $350 billion and expenses of $360 billion, resulting in a deficit of $10 billion. The deficit is mostly a result of the current economic crisis, which has hit the agriculture industry especially hard. This office recommends that half of the stimulus funding provided be used to prop up farmers and related sectors.

Foreign News

President Lief Recognizes Western Sahara; International Reactions Mixed
A few hours ago President Lief at a press conference in Nyman announced that Atlasia would now recognize the sovereignty of Western Sahara.

The dispute over Western Sahara began in the 1970’s as Spain sought to disengage from the former colonial territory. Upon departing, the nations of Morocco and Mauritania annexed portions of the territory, rather than enter under a tripartite arrangement with the Polisario Front, the main independence movement in the region, as had been envisioned by Spain’s General Francisco Franco.

Since that time, numerous efforts at advancing Western Saharan independence from Morocco have stalled, much to the chagrin and anger of the Polisario Front.

The news of President Lief’s announcement was met by mixed reactions from the international community.

President Mohamed Abdelaziz, leader of the Polisario Front that seeks autonomy as the Sahrawi Arab Democratic Republic (SADR) in Western Sahara, greeted the news with much fanfare, saying that Atlasia’s recognition is “a huge step towards instituting full and free independence for the SADR people.”

Meanwhile, Moroccan King Mohammed VI was infuriated, saying that Atlasia had acted “foolishly” and attacking President Lief for “continuing to make unilateralism the norm.” However, the Global Treaty Organization stood behind the President’s actions, with representatives from some member states attending the earlier press conference.

The Arab League, on the other hand, was cold to the announcement, refusing to send representatives to the press conference and releasing a number of statements supporting Morocco in its actions in Western Sahara.

While it is unclear what impact the President’s words will have and what action Atlasia plans to take in support of the Polisario Front, it is clear that the struggle for independence in the region is far from over.

Financial News

Financial Indicators

• ANSE     1,006  +5.50 (0.55%)
• $1 Atlasian = $0.99645 U.S. (-0.00154)
• Crude Oil = $74.04/barrel -0.75 (1.0%)
• Libor = 4.2075; OIS = 0.96
• Prime Rate = 4.5
• 3-Month Government Bond Yields = 0.218
  6-Month Government Bond Yields = 0.722
  2-Year Government Bond Yields = 1.42
  10-Year Government Bond Yields = 3.45

Analysis:
The ANSE rose slightly at the news that the Senate’s composition would remain relatively stable. Investors, hoping that the incoming Senate will continue to address economic matters, were comforted by the stability, as it was the previous Senate that passed major health care reform and the economic stimulus bill.

The Atlasian Dollar continued its falling trend as regional budget numbers have appeared worse than expected.

Oil fell slightly after rising nearly six percent in one week. This is likely a result of the lack of tense news coming from Venezuela.

The split between the London Interbank Offered Rate (LIBOR) and the Overnight Index Swap (OIS) rate is 3.2475 and growing. The rising LIBOR indicates that banks believe the other banks they are lending to have a higher risk of defaulting on the loans so they are charging a higher interest rate to offset this risk. It also tells us that the credit markets are not functioning as smoothly as they could be.

Economic and Financial News

Employment by Sectors
Note: These numbers are as of August 1, 2009 and do not take into account recent legislation
The following is the breakdown of employment figures in Atlasia by sector/industry:
Manufacturing = 13 million
Construction = 7.5 million
Service = 23 million
Agriculture = 3 million
Government = 23 million
Education = 15 million
Health = 4 million
Trade and Transportation = 26 million
Other/Unknown/Temporary = 9.65 million

The following is the breakdown of unionization figures in Atlasia by sector/industry:
Manufacturing = 7 million
Construction = 3 million
Service = 5 million
Agriculture = 450,000
Government = 20 million
Education = 14 million
Health = 3.7 million
Trade and Transportation = 7 million

The following is the breakdown of unemployment figures in Atlasia by sector/industry:
Manufacturing = 18% 2.34 million
Construction = 25% 1.875 million
Service = 11% 2.53 million
Agriculture = 20% 600,000
Government = 4% 920,000
Education = 7% 1.05 million
Health = 6% 240,000
Trade and Transportation = 11% 2.86 million
TOTAL = 12.415 million

Foreign News

Chavez Meets With Russians, Mocks Atlasia
Venezuelan President Hugo Chavez, seemingly outraged by SoEA HappyWarrior’s surprise visit to Colombia on Thursday, met with Russia’s ambassador to Venezuela this weekend for extended closed-door meetings.

Chavez kept uncharacteristically over the weekend, opting to navigate diplomatic channels in the run-up to a previously planned Tuesday speech.

In his remarks, Chavez denounced Atlasian support for Colombian aggression and vehemently denied support for the FARC rebels. He insisted that Venezuela was forced to militarize against further Atlasian encroachments in South America, referring to Colombian President Alvaro Uribe as President Lief’s “little puppet.”

The Venezuelan president also took the opportunity to announce that, during his talks with the Russian ambassador, he had spoken with Russian President Dmitry Medvedev via satellite video. He reported that Russia fully backs Venezuela in its current standoff and plans to expedite the shipment of twelve Russian tanks to help them defend against “foreign influences.”

With the stakes growing and major international players picking sides, it is clear that the situation on the Venezuela-Colombia border has become more contentious than most analysts had initially expected. While most are uncertain how the matter can be resolved, it is widely agreed that raising the stakes any further could lead to the initiation of hostilities and even all-out war.

Foreign News

Nations Worldwide Feel Pinch, Reform Policy Towards Homosexuals
Earlier in the year the Atlasian Senate passed the LGBT Trade Act providing the Secretary of External Affairs (SoEA) with the power to temporarily sever free trade agreements with nations that continued to criminalize homosexual conduct. Shortly after passage, SoEA HappyWarrior proceeded to suspend FTAs with Kuwait, Bahrain, Morocco, Singapore, Antigua, Barbados, Dominica, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago, and Guyana.

Since then, many nations have felt the economic toll of their policies. Most of the Caribbean nations have seen substantial drop in GDP, some entering recessions as investor confidence in their markets have dropped. To address this, the nations of Antigua, Dominica, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, as well as Guyana in South America have begun to make efforts to decriminalize homosexuality and homosexual conduct.

Efforts range from laws passed to provide full and equal rights to gays and lesbians, such as in Antigua, Jamaica and Saint Lucia, to the repeal or easing of laws criminalizing such individuals in many of the other nations listed. Barbados and Trinidad and Tobago are the only Caribbean nations not to make any effort to ease their current restrictions.

The Middle Eastern and Asian nations have so far resisted change, leaning on oil wealth to so far avoid major financial meltdowns. However, Morocco seems to be laying the groundwork for an easing of laws in the coming months.

Meanwhile, many nations around the world have begun to consider removing such laws and easing relations with their gay communities to curry favor with Atlasia. These include Egypt, Burkina Faso, Liberia, Mali, Niger, Turkmenistan, Lebanon, Qatar, Bhutan and Sri Lanka.

Regional News

Employment Information by Region
The following lists the top three industries in each region in order:
Northeast = Service; Trade and Transportation; Government
Mideast =Manufacturing; Trade and Transportation; Government
Southeast = Manufacturing; Trade and Transportation; Agriculture
Midwest = Manufacturing; Agriculture; Health
Pacific = Government; Trade and Transportation; Education

The following lists the unemployment rate in each region:
Northeast = 7.5%
Mideast = 18%
Southeast = 13%
Midwest = 14%
Pacific = 7%

The following is the breakdown of unionization figures in Atlasia by region:
Northeast = 16%
Mideast = 19%
Southeast = 11%
Midwest = 17%
Pacific = 21%

Today's financials are a combination of the past two days due to my absence yesterday...

Financial News[/size]

Financial Indicators

• ANSE     1,002  -4.00 (0.397%)
• $1 Atlasian = $0.99622 U.S. (-0.00023)
• Crude Oil = $78.96/barrel +4.92 (6.64%)

Analysis:
The ANSE fell slightly as investors hold their breath during the Senate’s lame-duck session. With no major legislation likely to appear in the next week and a half and stimulus funding not set to begin disbursement until early to mid September, there seems to be a relative slow down in general activity.

The Atlasian Dollar continued its falling trend as commodities continued to climb.

Oil rose significantly over the last two days as tensions with Venezuela seemed on track to boil over without major actions by either side.

Do these deficit figures take into account federal stimulus money received/expected to receive? If not, what is the amount of federal stimulus money the Mideast can expect to receive to at least partially fill that $80 billion shortfall?

Regional News

Population by Region
The following are the approximate populations of each region:
Northeast = 77,302,158
Pacific = 77,302,158
Mideast = 55,215,827
Midwest = 55,215,827
Southeast = 41,964,028

TOTAL = 307,000,000 (139)

Economic and Financial News

July Retail Sales Data Report

Percent Change in Sales for Retail and Food Services	From June 2009	From July 2008
Retail & Food	-2.7	-9.8
Excl. Auto Retail	-3.1	-6.7
Retail Only	-2.7	-10.8

Retailers Hit Hardest Since July 2008 (from greatest to least): Gasoline, Automotives (esp. dealers), Furniture, Building materials, Clothing

Retailers With Least Decline Since July 2008 (from least to greatest): Health care, Food & Beverage stores, General merchandise, Food services

Analysis:
It is clear from the above numbers that retail sales have been devastated in the past year, with an unclear outlook for the future.

One evident trend is that individuals are cutting back spending on expensive non-essentials, such as furniture (down 13.2% compared to one year earlier) and cars (down 22.4% compared to one year earlier). Meanwhile, essential services, such as health care (up 5.2% compared to one year earlier), have seen only slight decline or, in some cases, growth in sales.

Economists are hopeful that the stimulus funds will help inject money into the economy by providing jobs and revitalizing basic industries. The GM’s office projects that the stimulus will result in growth by the end of the year, but mostly in necessary retail services. However, without accompanying legislation dealing with the frozen credit markets, sales of costly items usually purchased on credit, such as furniture and cars, will continue to decline.

Financial News

Financial Indicators

• ANSE     977  -25.00 (2.495%)
• $1 Atlasian = $0.99698 U.S. (-0.00076)
• Crude Oil = $78.40/barrel -0.56 (0.71%)

Analysis:
For the first time in the history of the ANSE, The Atlasian stock index fell below 1,000. Initially sparked by investor fears about worsening economic numbers released this past week, the market continued to fall well below 1,000 points as a selling-spree followed the sell-off. The fall was especially devastating as the Senate continues to eek through its lame-duck period, with no substantive economic legislation on the horizon for at least two weeks.

The Atlasian Dollar rose slightly as foreign currencies were hurt by their worsening economies.

Oil fell slightly as yesterday’s large increase leveled off awaiting additional news about the Venezuela-Colombia crisis.

Only one story for today. Financials to come later in the afternoon...

Economic and Financial News

Atlasian Consumer Spending Poll Marks Noticeable Decline
A prominent survey group released data today marking a decline in consumer spending among Atlasian households.

The consumer spending measure tracks the average dollar amount Americans report spending or charging on a daily basis, not counting the purchase of a home, motor vehicle, or normal household bills. Respondents were asked to reflect on the day prior to being surveyed and results were provided in both a 3-day and 14-day rolling average.

The 3-day rolling average for August 30, 2009 was $53, with the 14-day rolling average only slightly higher at $57. This is compared with a 3-day and 14-day average both of $57 one month prior, as well as a 3-day average of $110 and a 14-day average of $91 exactly one year earlier.

The decline reflects drastic shifts in consumer confidence in the economy, as many Atlasians are opting to cut back unnecessary spending and save in the current climate of economic uncertainty.

With the markets closed until Monday, here are your numbers and prospects for next week.

Financial News

Financial Indicators

• ANSE     964  -13.00 (1.33%)
• $1 Atlasian = $0.99665 U.S. (-0.00033)
• Crude Oil = $78.24/barrel +0.16 (0.20%)

Analysis:
The ANSE continued its fall from 1,000 as a new report on consumer spending indicated a near 50 percent decline from one year earlier. With little to no federal activity, investors are hoping the Senate can hit the ground running in September to head off what appears to be imminent economic collapse.

The Atlasian Dollar fell slightly as worries have begun simmering about the health of the Atlasian economy and the prospects for a timely recovery. Additional stress may result in more drastic changes in the dollars valuation

Oil rose slightly as investors predict significant rises next week if no action is taken to ease the situation in South America.

Today's news story...

Foreign News

FARC Launches New Offensive
Amidst a tense standoff between Colombia and Venezuela, the Revolutionary Armed Forces of Colombia, or FARC, an anti-Colombian rebel group, launched a new series of attacks against Colombian government and military installations.

The recent attacks threaten to undermine the calm that had set in over the past week between the two South American nations. The militarization of the border began when Colombia reacted to reports that Venezuelan President Hugo Chavez had provided direct aid to the FARC. In fact, some analysts believe that the new FARC offensive may be an attempt by Venezuela to covertly soften targets ahead of what many view as an inevitable confrontation.

Colombian President Alvaro Uribe has directed that the army reserves be called to active-duty in order to combat the FARC within as additional troops are brought to the border with Venezuela. He has also approached the Global Treaty Organization, the GTO, requesting assistance from international troops to suppress the FARC attacks.

Many agree that Colombia, while militarily superior to Venezuela, would have trouble fighting a two-pronged war from Venezuela and from within. Brazil has already signaled that it would send troops to aid Colombian forces fighting the rebels. The GTO has not yet made an announcement as member nations consider their options.

Economic and Financial News

Consumer Confidence Low, But Stable
The Conference Board Consumer Confidence Board Index (CCI) released today their most recent report on consumer confidence levels in Atlasia.

The CCI, started in 1967, surveys 5,000 Atlasian households each month to determine their opinion of key economic categories. These are: Current business conditions, Business conditions for the next six months, Current employment conditions, Employment conditions for the next six months, and Total family income for the next six months. Each participant is asked to rank categories positive, negative or neutral.

In July 2009, the CCI reached its lowest level in over a decade, reading in at 38.5. This is compared to 43 in June 2009 and 118 in July 2008.

Although dropping precipitously over the last year, the CCI is projected to remain low, yet stable over the coming months as Senate movement on economic legislation, such as the stimulus bill, ease market fear. However, it is unclear how long such low confidence can remain stable before sparking a panic and additional economic pain.

The office of the GM projects that major legislation targeted at easing credit markets and spurring consumer purchasing is necessary in the next two to four months in order to prevent full-scale economic collapse.

Foreign News

Colombian President Contracts Swine Flu
Colombian President Alvaro Uribe has swine flu according to sources involved in the matter. Doctors have notified foreign leaders who met with him in recent days of the development.

At the age of 57 years old, Mr. Uribe began showing symptoms on Friday and appeared pale and laggard at public appearances over the weekend.

Public health director Gilberto Alvarez said in a telephone interview that there was no need to put the president in isolation and that his condition would monitored for three days to a week. Doctors expect a full recovery.

However, Mr. Uribe’s weakened state calls into question his ability to press Colombia’s case for increased international aid as tensions with neighboring Venezuela heat up. The government is requesting a foreign military presence in Colombia to assist in combating the Revolutionary Armed Forces of Colombia, or FARC, while its military focuses on the militarized border with Venezuela.

President Uribe has been forced to cancel a planned appearance at a conference of the GTO member nations scheduled for this Friday. Colombian Vice President Francisco Santos will speak at the conference in his stead.

Financial News

Financial Indicators

• ANSE     942.5  -21.50 (2.23%)
• $1 Atlasian = $0.99743 U.S. (+0.00078)
• Crude Oil = $77.14/barrel -1.10 (1.41%)

Analysis:
The ANSE continued to fall at an increased pace as consumer confidence numbers showed attitudes towards the economy near utter collapse. In addition, with the potential absence of Southeast Senator North Carolina Yankee, a substantive voice on economic matters in the Senate, investors worry that real reform will not be reached as soon as many had hoped. With the new Senate term beginning on Friday and procedural matters, such as the election of a President Pro Tem likely to fill the first few days of the session, some economists are recommending that the Senate release a preliminary bill in order to calm the markets in the interim.

The Atlasian Dollar rose as the price of commodities, including Oil, fell substantively.

Oil fell a significant amount as investors sought to cash in on recent gains and as SoEA HappyWarrior reached an agreement with Russia's government to collaborate on easing tension in South America. However, Oil futures are looking sky-high as war involving Venezuela continues to loom large in the region.

Foreign News

A Case of Russian Double-Speak?
In an announcement made in Russia with much fanfare, SoEA HappyWarrior met with Russian President Demitri Medvedev and Prime Minister Vladimir Putin and procured an agreement that Russia would “not be participating in the very clear problems arising in Venezuela” in exchange for closer relations with Atlasia.

At news of the statement, the Oil and other commodities markets calmed after a series of rapid increases over the past few weeks as a result of the tension in South America. As reported previously, Venezuela provides approximately ten percent of Atlasian petroleum.

However, Mr. Medvedev issued a statement Tuesday morning that seemed to amend, if not contradict the statements made with SoEA HappyWarrior.

In the statement, the Russian President, a protégé of the more aggressive Mr. Putin, made clear that the agreement with Atlasia would not prevent the shipment of twelve tanks already purchased by Venezuela.

In addition, Mr. Medvedev made clear that, while Russia “seeks a peaceful resolution” to the Venezuela-Colombia dispute, it “cannot commit to a neutral stance should war break out in the region so vital” to Russian interests.

Senior analysts in the DoEA, who asked to remain anonymous, expressed their desire to seek a peaceful resolution to the brewing conflict between Venezuela and Colombia, but acknowledged that all efforts to bring the parties to the table have been rebuffed thus far.

An expert on South American politics who is well versed on the current situation remarked that “Atlasia will need to play a far greater role” to ensure that war is averted. In particular, this expert believed that direct appeals from President Lief could be necessary if additional DoEA efforts fall flat.

All things considered, the confrontation in South America continues to deteriorate and nations are beginning to warn citizens to avoid travel to the region unless it is absolutely necessary.

Financial News

Financial Indicators

• ANSE     930  -12.50 (1.33%)
• $1 Atlasian = $0.99685 U.S. (-0.00058)
• Crude Oil = $79.29/barrel +2.15 (2.79%)

Analysis:
The ANSE continued to fall as no news was made on the legislative front. Investors are still hoping that some sort of rough outline to unfreeze the credit market will be unveiled in the coming days.

The Atlasian Dollar fell as confidence in Atlasia's ability to avoid financial collapse declined.

Oil rose significantly as war in Venezuela appeared inevitable, riding on the news of Russia's "non-committal" on neutrality in South America, along with Senator Franzl's proposal to bolster Colombian efforts to repel the FARC (or other invading forces) with Atlasian military forces.

Foreign News

Iran Takes Steps Towards Energy Self-Efficiency
In efforts to deter Iran from becoming a nuclear power, many have focused on the nation’s dependence of foreign oil refinery. Despite being one of the world’s largest producers of oil, Iran has thus far lagged behind in refining technology, importing as much as 40 percent of its usable oil.

However, in a major blow to critics of the Islamic Republic, Iranian leaders have made major advances in establishing the increased domestic capacity to refine its oil. Working with French, British, German, Swiss, Korean, Romanian, Italian, Danish, Japanese, Chinese, and even Atlasian firms (working through shell companies set up overseas), Iran has developed the capability to construct additional refineries, already having received the necessary licensing, consulting, financing, design and engineering services.

Simultaneously, Iran is ambitiously pushing alternative fuel sources to reduce its gasoline consumption. Three years ago, Iranian President Mahmoud Ahmadinejad initiated a program to convert Iran's vehicles to run on natural gas rather than gasoline. Iran has the world's third-largest natural gas reserves (around 16 percent of the world's total). A gallon of gasoline costs 53 cents while the natural gas equivalent only costs 15 cents. Since the initiation of the program, gas has replaced 10 percent of Iran's total gasoline consumption for transport fuel.

Iran has also signed a pipeline deal with Pakistan that will provide Iranian natural gas access to the Asian market. India's petroleum minister announced that New Delhi would not bow to any external pressure against extending the pipeline into India; this means that millions of Indians might soon be relying on Iran for their. And last month, Iran concluded a deal to connect with Turkmenistan as European countries moved forward toward building the Nabucco pipeline, which could bring Iranian gas into the heart of Europe.

Financial News

Financial Indicators

• ANSE     919  -11.0 (1.18%)
• $1 Atlasian = $0.99579 U.S. (-0.00106)
• Crude Oil = $79.65/barrel +0.36 (0.54%)

Analysis:
The ANSE continued to fall, although the pace has slowed in recent days, as investors hope that the new legislative proposals being rolled out by the Senate will culminate in the release of major economic initiatives in the coming days.

The Atlasian Dollar slid as confidence in Atlasia's ability to avoid financial collapse continued to deteriorate.

Oil rose slightly, with bigger gains tempered by the news that an Oil boycott of Iran would be less likely due to its ineffectiveness in deterring the Islamic Republic.

A gift for Governor Vepres...

Regional News

Midwest Education Report Released

Basic Education	Midwest	National
Public High School Graduation Rate	81.5%	68.6%
College Graduation Rate (within 6yr)	51.3%	56.1%
Median Earnings by Education	Midwest	National
Less than High School	$13,118	$15,000
High School Degree	$19,718	$21,000
Some College	$19,927	$22,700
Bachelor’s Degree	$30,509	$36,000
Masters Degree	$38,991	$45,000
Race and Education	Midwest	National
Percent of 18 Year-Olds (White)	83%	62.6%
Percent of 18 Year-Olds (Black)	3.37%	14.1%
Percent of 18 Year-Olds (Asian)	1.3%	3.8%
Percent of 18 Year-Olds (Hispanic)	6.76%	16.2%
Percent of High School Graduates (White)	88.29%	70.2%
Percent of High School Graduates (Black)	2.97%	12.9%
Percent of High School Graduates (Asian)	1.75%	4.9%
Percent of High School Graduates (Hispanic)	3.55%	11.1%
Percent of College Freshmen (White)	81.48%	66.2%
Percent of College Freshmen (Black)	3.6%	12.2%
Percent of College Freshmen (Asian)	1.83%	5.3%
Percent of College Freshmen (Hispanic)	3.38%	8.8%
Percent of Bachelor’s Degrees (White)	86%	72.4%
Percent of Bachelor’s Degrees (Black)	2.23%	8.4%
Percent of Bachelor’s Degrees (Asian)	2.08%	6.1%
Percent of Bachelor’s Degrees (Hispanic)	2.4%	5.8%
Related Data	Midwest	National
Obesity Rate	19.6%	20.5%
Childhood Obesity Rate	12.4%	14.06%
Teen Pregnancy Rate per 1K Girls (15-19)	63.4	84

Analysis:
The Office of the GM ranks the Midwest region as moderate in terms of its success in the education sector. This determination is based on a number of factors to be discussed at length in the following report.

First, basic education numbers regarding graduation rates show a mixed bag, with public high school rates far superior to national levels, while college rates are slightly, but significantly, lower than national numbers.

In addition, it is apparent that median wages, while progressively higher based on level of education, are lower in the Midwest than the national levels.

Perhaps most interesting are the numbers on race, however. While it appears that blacks and Asians are represented at proper levels as compared to their makeup of the Midwest population, members of the Hispanic culture are drastically underrepresented at all measured levels of the education process.

Based on interviews with school superintendents throughout the region, it has become apparent that Hispanic children, especially in elementary schools, feel isolated and oftentimes lash out by joining violent gangs or falling into bad habits, most notably illicit substances. This office recommends the implementation of sustained programs to promote cultural acceptance and pluralism in Midwestern schools as early in the education process as possible. This would also help reduce teen violence rates which, while not apparently high, should be a primary goal of the education system.

It may also be noted that the Midwest has lower levels of general obesity, childhood obesity and teenage pregnancy than the national average.

Of key interest to the Midwest, specifically, is the effect of the End to Standardization Act of 2008 (https://uselectionatlas.org/AFEWIKI/index.php/End_to_Standardization_Act). While the first clause, banning schools from withholding diplomas based solely on his or her performance on a standardized test, has had almost no practical effect on graduation rates, the second clause, banning public universities from using standardized testing, has impacted the region’s education system in numerous ways.

The most obvious effect of the legislation is a higher rate of out-of-state enrollment in Midwestern institutions of higher education. This has had both good results, bringing in geographical diversity, and not so good, contributing to the reduction in the number of Midwest students admitted to public universities in the region. However, this has also brought increased revenue to these institutions, as Midwest students are heavily subsidized in public universities, resulting in the ability to improve staff, facilities and administration at the public universities.

On a side note, the law has not significantly reduced the amount of Midwest students that take standardized tests, such as the SAT and ACT, as most do not apply solely to public colleges in the region.

Adopted from a Reuters article...

Foreign News

Reuters: Fiji is suspended from Commonwealth

LONDON (Reuters) - The Commonwealth said on Tuesday it had suspended Fiji after the Pacific Island nation failed to meet a deadline for opening talks on a return to democracy.

”This is an announcement I make with deep regret -- it is a step the Commonwealth is now obliged to take, and one that it takes in sorrow,” Commonwealth Secretary-General Kamalesh Sharma said in a statement announcing Fiji’s full suspension from the grouping of 53 nations, mostly former British colonies.

Fiji had already been suspended from Commonwealth meetings.

The tougher sanction means that Fiji is not eligible for technical assistance from the Commonwealth and may not take part in Commonwealth sporting events.

In April, Fiji’s president reappointed coup leader Frank Bainimarama as interim prime minister, less than two days after a court ruled his 2006 coup illegal.

President Ratu Josefa Iloilo had previously annulled the 1997 constitution and sacked the entire judiciary.

Bainimarama, who had promised an election this year, has now ruled it out until 2014.

Commonwealth ministers said on July 31 that Fiji would be fully suspended on September 1 unless Fiji’s rulers committed to re-activating a forum set up for political parties to discuss a return to democracy.

They said the dialogue should lead to a credible election no later than October 2010.

Sharma said that, although Bainimarama had sent him a letter re-affirming his commitment to the principles of the Commonwealth, his response did not meet the Commonwealth’s conditions.

Sharma said he hoped Fiji would take the necessary steps to restore its full participation in the Commonwealth.

The Pacific Islands Forum suspended Fiji from the 16-nation grouping in May.

Financial News

Financial Indicators

• ANSE     923.5  +4.50 (0.49%)
• $1 Atlasian = $0.99543 U.S. (-0.00036)
• Crude Oil = $80.94/barrel +1.29 (1.62%)

Analysis:
The ANSE rose slightly, breaking the precipitous fall over the past few days. The increase was fueled by Senate debate, which has begun in earnest as lawmakers prepare to kick off the new session. While economic legislation has yet to be introduced, the movement by the Senate has reassured investors that things will kick back into a higher gear.

The Atlasian Dollar continued to fall as international confidence in the dollar fell.

Oil continued to rise, above $80 for the first time since this market opened in Atlasia, as matters in South America remain unresolved.

Good morning, here is your news folks...

Foreign News

Chavez Looks To Strengthen Ties With Neighbor
Venezuelan President Hugo Chavez, today, started off a tour of friendly neighbors, holding a speech in nearby Argentina while appearing with President Cristina Fernández de Kirchner.

The speech centered on the bonds and mutual interests that Venezuela and Argentina share. While not overtly relating to the tense standoff between Venezuela and Colombia, Mr. Chavez did allude to “Western colonies that seek to colonize us in turn,” as well as his usual attacks on Atlasian interference in regional matters.

While it is not clear whether Mr. Chavez made any particular requests of the Argentine government during his visit, it is widely speculated that he is hoping to obtain assurances of neutrality from the major powers on the continent in the event of hostilities with Colombia. Other nations Mr. Chavez plans to visit include Brazil, Peru, Chile and Ecuador.

In a comment to Argentina’s state media after his speech, Mr. Chavez noted that Atlasia’s “attempts to impede [Venezuelan] relations with Russia” had failed and mocked Colombian President Alvaro Uribe’s recent contraction of swine flu, saying “swine should learn to stay in their own mud pit.”

Financial News

Financial Indicators

• ANSE     935  +11.50 (1.25%)
• $1 Atlasian = $0.99499 U.S. (-0.00044)
• Crude Oil = $83.96/barrel +3.02 (3.73%)

Analysis:
The ANSE began gaining back some of the losses from the past week as the new Senate term officially kicked off with a slew of pro-economy legislation. While the much-anticipated credit recovery bill has not yet been introduced, other stop-gap measures have reassured investors, at least for now.

The Atlasian Dollar continued to fall as Oil leads a rise in prices of commodities.

Oil rose sharply on the news that Hugo Chavez could be preparing for war with Colombia while Atlasian SoEA HappyWarrior made clear that war with Colombia means war with Atlasia.

Regional News

Mideast Education Report Released
Note: Does not include Nyman

Basic Education	Mideast	National
Public High School Graduation Rate	73.19%	68.6%
College Graduation Rate (within 6yr)	55.63%	56.1%
Median Earnings by Education	Mideast	National
Less than High School	$15,200	$15,000
High School Degree	$21,510	$21,000
Some College	$22,340	$22,700
Bachelor’s Degree	$35,650	$36,000
Masters Degree	$44,886	$45,000
Race and Education	Mideast	National
Percent of 18 Year-Olds (White)	76.48%	62.6%
Percent of 18 Year-Olds (Black)	19.34%	14.1%
Percent of 18 Year-Olds (Asian)	2.06%	3.8%
Percent of 18 Year-Olds (Hispanic)	5.15%	16.2%
Percent of High School Graduates (White)	82.39%	70.2%
Percent of High School Graduates (Black)	12.19%	12.9%
Percent of High School Graduates (Asian)	2.43%	4.9%
Percent of High School Graduates (Hispanic)	2.53%	11.1%
Percent of College Freshmen (White)	78.06%	66.2%
Percent of College Freshmen (Black)	11.71%	12.2%
Percent of College Freshmen (Asian)	2.92%	5.3%
Percent of College Freshmen (Hispanic)	2.72%	8.8%
Percent of Bachelor’s Degrees (White)	81.41%	72.4%
Percent of Bachelor’s Degrees (Black)	8.11%	8.4%
Percent of Bachelor’s Degrees (Asian)	3.48%	6.1%
Percent of Bachelor’s Degrees (Hispanic)	2.16%	5.8%
Related Data	Mideast	National
Obesity Rate	22.5%	20.5%
Childhood Obesity Rate	14.4%	14.06%
Teen Pregnancy Rate per 1K Girls (15-19)	74.4	84

Analysis:
The Office of the GM ranks the Mideast region as good in terms of its success in the education sector. This determination is based on a number of factors to be discussed at length in the following report.

First, basic education numbers regarding graduation rates show fairly positive results, with public high school rates considerably higher than national levels and college just barely below national numbers.

In addition, median wages are both progressively higher based on level of education, as well as fairly close to the national average. In fact, it is the “less than high school” and “high school graduate” levels that are higher than the national numbers, while higher education is just below the national rates.

On racial discrepancies, whites and Asians are considerably overrepresented at all levels, while Hispanics and especially blacks are noticeably underrepresented as compared to their makeup of the Mideast population. Perhaps most interesting of all this is the differences in “college freshman” enrollment numbers against “bachelor’s degrees” graduation rates; whites and Asians increase, while blacks and Hispanics decrease.

Based on interviews with school superintendents throughout the region, it has been frequently noted that black and Hispanic students are often time “ghettoized” by their peers and excluded from in- and out-of-school activities, despite efforts by staff to break racial barriers. This has led to the general demoralization of students of color and increased feelings of alienation and isolation. It is recommended that steps be taken to promote greater acceptance of other cultures and a pluralistic society in Mideast schools. It is also advised that greater efforts be made to promote high school graduation by students of color.

It may also be noted that the Mideast has higher levels of general obesity and childhood obesity, but lower levels of teenage pregnancy than the national average.

Of particular note to the Mideast, the Mideast Education Funds Allotment Act (https://uselectionatlas.org/AFEWIKI/index.php/A.R.1_:_The_Mideast_Education_Funds_Allotment_Act) is predicted to have a long-term and wide-ranging positive impact on the Mideast’s education system.

While the full impact of the legislation has not yet been felt, this Office projects that this legislation will drastically increase the number of underprivileged students that will be able to afford and attend institutions of higher education. The program is sure to significantly increase the number of black and Hispanic students that will graduate high school and attend a four-year college in the Mideast. However, these gains will not be felt for approximately another two years, after which time gains will be significant.

Of note, the trigger mechanism to increase cigarette taxes in the Mideast in the event that federal funding is inadequate has not yet gone into affect as the federal legislation has thus far provided proper funding. It is expected that this increase will only be needed in ten or more years.

Here is housing data. Market numbers later tonight...

Economic and Financial News

Housing Data During the Recession

Housing Starts	Units (in thousands)
June 2009	68.2
July 2009	47.5
August 2009	37.7

New One-Family Houses Sold	Units (in thousands)
June 2009	32
July 2009	27
August 2009	26

New One-Family Houses for Sale	Units (in thousands)
June 2009	384
July 2009	369
August 2009	352

Price of New One-Family House	Median ($A)	Average ($A)
June 2009	213,200	274,000
July 2009	221,600	290,100
August 2009	229,600	263,100

2009 Q2 Price of New One-Family House by Region	Median ($A)	Average ($A)
Pacific	296,800	358,400
Northeast	300,700	395,100
Mideast	202,500	243,800
Midwest	196,700	239,100
Southeast	188,700	234,500
National	222,500	276,600

Financial News

Financial Indicators

• ANSE     930  -5.00 (0.53%)
• $1 Atlasian = $0.99397 U.S. (-0.000102)
• Crude Oil = $82.82/barrel -1.14 (1.36%)

Analysis:
The ANSE fell slightly as investors worried that economic measures would not appear in a timely fashion. However, overnight futures are sky-high as the late release of NC Yank's Credit Recovery Bill, after the markets had closed, reassured economists. Many are hoping that the PPT will use his discretionary slot to bring the bill to the floor quickly.

The Atlasian Dollar continued to fall as general senses about the economy tumbled.

Oil declined slightly investors attempted to unload profitable speculations.

Hat-tip to Jas on facts used for this article...

Foreign News

EU Leaders Appear Divided On GTO Expansion
Early yesterday, SoEA HappyWarrior met with the leaders of the European Union in Brussels to discuss the possible integration of the European bloc of nations into the Global Treaty Organization, of which Atlasia is a member.

In a finely tuned statement from Mr. HappyWarrior, attempting to avoid appearances of unilateralism, the Atlasian SoEA acknowledged that each nation would need to approve of the measure individually, as well as be approved by the current members of the GTO.

In addition, a newly introduced version of the GTO Expansion Bill by Northeast Senator Hashemite makes clear that Atlasia seeks only to encourage expansion, acknowledging that each new member nation must be accepted by the GTO, as well as decide on their own whether they wish to join.

This is likely for the best, as some nations had previously voiced misgivings about joining the GTO, while others, including Austria, Finland, Ireland and Sweden, all members of the EU, have official status as neutral states.

While the GTO is not an expressly militaristic organization, there are portions of its charter that would likely pose trouble to prospects of passage in those nations.

After Mr. HappyWarrior finished his statement, other EU leaders made brief remarks as well. While it appeared as though the major EU powers, including Great Britain, France and Germany, were steadfastly on board with Atlasia’s push, smaller nations, including the four aforementioned neutral states, shared misgivings.

SoEA HappyWarrior next plans to visit Norway to discuss GTO expansion, followed by similar discussions in a sweep of Oceania, South East Asia and the Americas.

Financial News

Financial Indicators

• ANSE     949  +19.00 (2.04%)
• $1 Atlasian = $0.99385 U.S. (-0.000012)
• Crude Oil = $82.39/barrel -0.43 (0.52%)

Analysis:
The ANSE rose significantly as investors applauded the release of multiple pieces of legislation aimed at benefitting the economy. However, early gains were tempered both by the delay in bringing forward the credit market bill, as well as rising worries about the prospect of passage of an effective automobile trade-in package.

The Atlasian Dollar fell slightly as many still worry about the speed at which Atlasia can recover from the economic crisis.

Oil declined slightly as a package to entice increased purchases of fuel efficient cars was brought to the Senate floor. The morning drop was tempered as proposals to restrict the types of cars that the bill will cover worried investors and speculators.

Foreign News

The FARC Deals Blow to Colombian Defense, Intelligence
In a show of defiance and the growing capability of the FARC in Colombia, members of the rebel group ambushed and killed the deputy Defense Minister and assistant deputy Intelligence Minister on their way to a meeting with other defense and intelligence officials.

Just a few miles east of the border with Venezuela, the attack took place on a remote road and appeared to utilize an impressive array of weaponry and tactics. Reports say a burning vehicle was used as a roadblock. When the convoy transporting theministers halted to map a detour, an unidentified number of attackers opened fire with armor-piercing bullets and rocket-propelled grenades (RPGs).

Of the 12 people in the convoy, none are reported to have survived the attack.

The attack has outraged the Colombian government and has been viewed as an act of war by neighboring Venezuela, which has been in a tense standoff at the border for the past few weeks.

Colombian President Alvaro Uribe went on national television a few hours after reports of the attack came in, appearing visibly heated. Mr. Uribe made clear that this “unsolicited attack” would not go unpunished and vowed to “unleash the wrath of hell” on those who had orchestrated the ambush.

Mr. Uribe is expected to attend the joint funerals of the officials early tomorrow morning and give the eulogy. It is still unclear what measures will be taken by Colombia. Meanwhile, Venezuelan President Hugo Chavez is preparing to make a statement around the same time as Mr. Uribe’s expected remarks.

Financial News

Financial Indicators

• ANSE     951.50  +2.50 (0.26%)
• $1 Atlasian = $0.99053 U.S. (-0.000332)
• Crude Oil = $85.25/barrel +2.86 (3.47%)

Analysis:
The ANSE rose slightly as investors continue to await substantive economic initiatives, while the reality of the legislative process sets in.

The Atlasian Dollar fell as commodities, led by Oil, rose significantly

Oil increased by nearly three-and-a-half percent as Colombia was rocked by a FARC attack and war with Venezuela seems almost inevitable.

National News

From the GM’s Desk: Efficient Automobile Rebate System Bill
An important function of the Game Moderator is to provide functional and timely information to not only discussing the impact of Senate legislation, but also to notify the Senate and nation about possible effects of legislation currently being debated. To achieve this function, the Atlasia Dispatch-Herald launches the series “From the GM’s Desk.”

Efficient Automobile Rebate System Bill: This legislation, proposed by Senator Marokai Blue and currently being debated in the Senate, seeks to establish an $8 billion, six-month program to increase short-term demand for automobiles through a rebate scheme, while also promoting trade-ins of old “clunker” vehicles for more fuel-efficient cars, trucks and SUVs.

The Office of the GM believes that this legislation would generate nearly 2 million rebate applications for approximately $7.75 billion. This will translate into nearly $60 billion of economic activity, a massive short-term boost to domestic auto sales benefiting local car dealers throughout Atlasia first and foremost. Of that, it is likely that $24 billion, or 40 percent, will be from those who had not previously planned to purchase a new car. This is three times the amount spent by the government on the program, not including expectations of increased production by automakers, increased spending from rebates and other effects.

The environmental impact of the bill is less clear. If someone swapped a clunker that got 18 miles per gallon for a new car that got 27.5 mpg (the current average fuel economy standard for passenger cars) and drove it for 12,000 miles (the average distance an Atlasian car travels annually), you would personally save a little more than two tons of CO2 from being emitted in one year. However, manufacturing a new car produces 6.7 tons of carbon dioxide on average, the equivalent of burning approximately 700 gallons of gas.

The likely environmental results of the program would require at least two years before realizing CO2 reductions. If each car purchased is kept for 10 years, then the total savings should be a little less than 26.6 million tons of carbon dioxide. That means each ton of carbon dioxide would be worth about $291.35 to the Atlasian government. A ton of CO2 currently goes for about $17.50 on the European Climate Exchange.

Financial News

Financial Indicators

• ANSE     950.50  -1.00 (0.11%)
• $1 Atlasian = $0.98794 U.S. (-0.00259)
• Crude Oil = $86.37/barrel +1.12 (1.31%)

Analysis:
The ANSE fell slightly as the day saw very little Senate activity on important economic legislation. However, futures appeared up significantly as an analysis of the Efficient Automobile Rebate System Bill showed great promise.

The Atlasian Dollar fell as investors flocked to foreign currency as confidence in Atlasia declined.

Oil prices continued to rise as the prospects of avoiding war with Venezuela, one of Atlasia's largest oil providers, continued to diminish.

Foreign News

Colombia Releases Evidence Implicating Venezuela; Chavez Unrepentant
Just a day after a shocking attack on Colombian government officials by the FARC, President Alvaro Uribe of Colombia released a report showing financial and military ties between neighboring Venezuela and the rebel group.

The report, released shortly after Mr. Uribe gave the eulogy at the joint funerals of two government officials killed in a FARC ambush on Wednesday, drew from various sources, including secret meetings between Venezuelan officials and FARC leaders, documents on FARC rebel computers and information given by captured FARC members.

Outside experts were quick to lend credence to the report, with many acknowledging that the data presented by Colombia only confirms what many had believed for quite some time.

Colombia’s government did not release a statement to accompany the report and it is unclear what action may be taken in response. Shortly after the FARC ambush Wednesday, Mr. Uribe had vowed to bring justice against the perpetrators of the attack, perhaps signaling intentions to invade Venezuela.

Meanwhile, Venezuelan President Hugo Chavez, minutes after Mr. Uribe had concluded his remarks at the funeral, made a statement before a large and cheering audience of loyalists.

In his speech, Mr. Chavez slammed Colombia for its military buildup along the border and for attempts to “stifle the voice of dissidents by military force.” He also warned Mr. Uribe against any attacks against Venezuela, saying, “any attack on Venezuela will evoke the full might of our armed forces.”

It is reported that Mr. Uribe, on a visit with SoEA HappyWarrior yesterday, requested that Atlasia prepare to provide humanitarian and, if possible, military assistance to Colombia in the event of an attack. The GTO is set to vote on a Colombian proposal requesting monetary aid and a GTO military presence to help defeat the FARC.

It is not yet clear how Atlasia will vote on that resolution, with few hints from President Lief or the Atlasian Senate. Some worry that what will start out as aid to defeat the FARC may end up being used to combat an invasion by Venezuela, a result that would ultimately require additional troop commitments by foreign nations.

Financial News

Financial Indicators

• ANSE     945.50  -5.00 (0.53%)
• $1 Atlasian = $0.98492 U.S. (-0.00302)
• Crude Oil = $89.46/barrel +3.09 (3.58%)

Analysis:
The ANSE continued to decline slightly as the Senate appears to lack focus and direction. Without an elected PPT for the first week of Senate activity, in addition to the grinding legislative procedure, economists worry major economic legislation will not come soon enough. These losses, however, are being tempered by the expected release of the first stimulus funds to the regions. No region has yet outlined a method to apportion those funds.

The Atlasian Dollar fell as Oil spiked.

Oil prices neared $90 per barrel as major news from South America seemed to indicate an inevitable clash between close Atlasian ally Colombia and major oil producer Venezuela. Without any word from President Lief or the Senate, many worry that a war between the two nations could disrupt the production of oil.

Foreign News

BREAKING: Reports of Explosions, Gunfire At Atlasian Embassy In Colombia
In a rapidly developing story, eye-witness accounts report multiple large explosions, including at least one truck bomb around the Atlasian embassy in Bogota, Colombia.

In addition, armed gunmen with Russian-made Kalashnikovs were seen storming the compound, where a firefight is still ongoing.

The identity of the enemy combatants is unknown at this time.

Foreign News

UPDATE: Additional Troops Come To Aid Of Atlasian Embassy
Colombian troops and Atlasia military personnel in the area have been dispatched to assist the embassy in repelling the attackers.

There are believed to be many Colombian and Atlasian casualties, although figures are not yet clear.

Gunfire can still be heard within the embassy and the number of remaining attackers is not yet known.

Foreign News

DEVELOPING: Hostage Situation Ensues As Perimeter Is Secured
It appears as though fighting within the embassy compound has subsided, as what is believed to be five masked gunmen have taken up to thirty hostages in the Atlasian embassy.

Colombian and Atlasian forces have surrounded the compound and are discussing ways to bring the confrontation to an end quickly, but safely for the hostages.

Foreign News

DEVELOPING: Hostage Negotiations Ongoing
It has been over an hour since hostage negotiations have begun with the terrorists within the Atlasian embassy in Colombia.

Brief contact was made with the hostages in the last few minutes, in which it was revealed that the attackers are members of an organization called the Anti-Imperial Army of America (AIAA), an unknown terrorist organization within South America.

The now-confirmed five AIAA agents have made no demands yet, but have declared a war on Atlasian interests throughout the Western hemisphere, vowing that more attacks were on their way.

Foreign News

BREAKING: Attack On Another Embassy
This time in Mexico, another Atlasian embassy has come under attack by a combination of explosives and masked gunmen. The attack is assumed to be in concert with the earlier assault in Colombia.

While casualties have been reported, the attack seems to have been quickly and forcefully defeated by Atlasian forces under heightened security measures.

Foreign News

DEVELOPING: Troops Storm Atlasian Embassy In Colombia
After hours of fruitless negotiations and threats that hostages would begin to be killed, a combination of Atlasian commandos and Colombian special forces have stormed the Atlasian embassy to bring the hostage situation to an end.

Gunfire can still be heard and it will be some time before it will be clear the extent of the damage done by the terrorist attack.

Foreign News

Wrap-Up: Painful Day For Atlasia As Questions Fly
All is quiet after an unexpected day of fighting for Atlasian forces abroad.

In what appears to have been a concerted effort to disrupt Atlasia’s bases, the previously unheard of terrorist Anti-Imperial Army of America (AIAA) launched attacks on Atlasian embassies in Colombia and Mexico just a few hours apart.

There is still much uncertainty as Atlasian intelligence officials, together with their Colombian and Mexican counterparts are working to understand this new threat. Nevertheless, it is clear that the AIAA has access to sophisticated technology and is well funded.

Preliminary reports indicate that the attacks on the Colombia-based embassy saw the heaviest casualties, with 83 killed and 290 injured according to preliminary reports. Twelve of those killed came during the hostage rescue as Atlasian and Colombian forces stormed the embassy. The attacks on the compound in Mexico, which were thwarted by two vigilant soldiers, saw 11 killed and 85 wounded. All AIAA members were in the fighting.

Although the attacks were directed at Atlasian facilities, the vast majority of casualties were local citizens; fifteen Atlasians were killed.

Early analyses of the attacks are difficult to parse for their validity, but many are pointing fingers at Venezuela, which has been involved in a tense standoff with Colombia over the past month. Others note that Venezuelan President Hugo Chavez has upped his anti-Atlasian, anti-Colombian rhetoric in recent days and that the attacks come on the heels of the Colombian Assistance and Stability Act.

However, officials in the Department of External Affairs, who have asked to remain anonymous, advise that Atlasia proceed with caution and not act without fully understanding the threat it faces. They warn that any action against Venezuela could be premature and end up doing more harm than good.

Atlasian President Lief has ordered all embassies be put on high alert, as well as suspending all non-essential functions. A call to end Senate pacifism was issued by SoEA HappyWarrior in a statement vowing that these attacks “will not go unpunished.”

A full investigation has already begun at both sites and will issue a report to President Lief, Vice President Bacon King, SoEA HappyWarrior and President Pro Tem MasterJedi in the coming week.

National News

NYT: New Study Finds Low-Wage Workers Often Cheated
Low-wage workers are routinely denied proper overtime pay and are often paid less than the minimum wage, according to a new study based on a survey of workers in New York, Los Angeles and Chicago.

The study, the most comprehensive examination of wage-law violations in a decade, also found that 68 percent of the workers interviewed had experienced at least one pay-related violation in the previous workweek.

“We were all surprised by the high prevalence rate,” said Ruth Milkman, one of the study’s authors and a sociology professor at the University of California, Los Angeles, and the City University of New York. The study released Monday, was financed by the Ford, Joyce, Haynes and Russell Sage Foundations.

In surveying 4,387 workers in various low-wage industries, including apparel manufacturing, child care and discount retailing, the researchers found that the typical worker had lost $51 the previous week through wage violations, out of average weekly earnings of $339. That translates into a 15 percent loss in pay.

The researchers said one of the most surprising findings was how successful low-wage employers were in pressuring workers not to file for workers’ compensation. Only 8 percent of those who suffered serious injuries on the job filed for compensation to pay for medical care and missed days at work stemming from those injuries.

“The conventional wisdom has been that to the extent there were violations, it was confined to a few rogue employers or to especially disadvantaged workers, like undocumented immigrants,” said Nik Theodore, an author of the study and a professor of urban planning and policy at the University of Illinois, Chicago. “What our study shows is that this is a widespread phenomenon across the low-wage labor market in the United States.”

According to the study, 39 percent of those surveyed were illegal immigrants, 31 percent legal immigrants and 30 percent native-born Americans.

The study found that 26 percent of the workers had been paid less than the minimum wage the week before being surveyed and that one in seven had worked off the clock the previous week. In addition, 76 percent of those who had worked overtime the week before were not paid their proper overtime, the researchers found.

The new study, “Broken Laws, Unprotected Workers,” was conducted in the first half of 2008, before the brunt of the recession hit. The median wage of the workers surveyed was $8.02 an hour — supervisors were not surveyed — with more than three-quarters of those interviewed earning less than $10 an hour. When the survey was conducted, the minimum wage was $7.15 in New York State, $7.50 in Illinois and $8 in California.

The head of the Office of Atlasian Labor responded to the report with an e-mail statement, saying, “There is no excuse for the disregard of federal labor standards — especially those designed to protect the neediest among us.” The OLS said it is in the process of hiring 250 more wage-and-hour investigators. “Today’s report clearly shows we still have a major task before us,” it said.

The study’s authors noted that many low-wage employers comply with wage and labor laws. The National Federation of Independent Business, which represents small-business owners, said it encouraged members “to stay in compliance with state and federal labor laws.”

But many small businesses say they are forced to violate wage laws to remain competitive.

The study found that women were far more likely to suffer minimum wage violations than men, with the highest prevalence among women who were illegal immigrants. Among American-born workers, African-Americans had a violation rate nearly triple that for whites.

“These practices are not just morally reprehensible, but they’re bad for the economy,” said Annette Bernhardt, an author of the study and policy co-director of the National Employment Law Project. “When unscrupulous employers break the law, they’re robbing families of money to put food on the table, they’re robbing communities of spending power and they’re robbing governments of vital tax revenues.”

When the Russell Sage Foundation announced a grant to help finance the survey, it said that low-wage workers were “hard to find” for interviews and that “government compliance surveys shy away from the difficult task of measuring workplace practices beyond the standard wage, benefits and hours questions.”

The report found that 57 percent of workers sampled had not received mandatory pay documents the previous week, which are intended to help make sure pay is legal and accurate. Of workers who receive tips, 12 percent said their employer had stolen some of the tips.

One in five workers reported having lodged a complaint about wages to their employer or trying to form a union in the previous year, and 43 percent of them said they had experienced some form of illegal retaliation, like firing or suspension, the study said.

In instances when workers’ compensation should have been used, the study found, one third of workers injured on the job paid the bills for treatment out of their own pocket and 22 percent used their health insurance. Workers’ compensation insurance paid medical expenses for only 6 percent of the injured workers surveyed, the researchers found.

Right, we have an economy as well, so...

Financial News

Financial Indicators

• ANSE     922.50  -23.00 (2.43%)
• $1 Atlasian = $0.98018 U.S. (-0.00474)
• Crude Oil = $93.84/barrel +4.38 (4.90%)

Analysis:
The ANSE dropped as major international events over the weekend shocked the markets. In addition, the waning prospects of a successful car rebate bill, as well as speculation from a prominent economic senator, NC Yank, hurt investor confidence. More drastic losses were averted by the election of Senator MasterJedi to another term as Senate PPT.

The Atlasian Dollar fell as a result of foreign attacks on Atlasian interests and rising commodity prices.

Oil prices rocketed past $90 as attacks on vital Atlasian interests in South America all but guaranteed conflict in the region. Investors wait anxiously for news on the attacks, as well as how the Senate will respond.

Foreign News

Preliminary Reports Released on Embassy Attacks
As the investigation continues into the concerted terrorist attacks on the Atlasian embassies in Colombia and Mexico, information is slowly trickling out to the public.

The group responsible for the bloody attack is known as the Anti-Imperial Army of America or EAA (for the Spanish El Ejército Anti-imperial de América), based in South America. It is unclear how much Atlasia and other regional powers knew about the group before the Sunday attacks. The government is not releasing additional information at this time.

The report shows that the attacks were carried using a deadly mix of explosives and high-powered firearms by what appears to be seven combatants at each site. The masked gunmen entered the embassy in Colombia shortly after it was rocked by a powerful truck bomb, followed by a number of car. The Mexico attack appeared smaller in scale, using bombs in garbage cans in order to distract guards. Two vigilant embassy watchmen were able to quickly neutralize the threat.

Information found on the bodies of the EAA members reveal little personal information; however, eye-witnesses report that members used what appear to be fake names, including Cagua, Coro, Carora and Cabudare. It appears that the attackers in both locations used the same list of names.

The final casualties stand at 92 killed and 305 injured at the Colombia embassy and 13 killed and 82 wounded in Mexico. None of the EAA fighters are reported to have survived.

Financial News

Financial Indicators

• ANSE     910  -12.50 (1.36%)
• $1 Atlasian = $0.97425 U.S. (-0.00593)
• Crude Oil = $93.11/barrel -0.73 (0.78%)

Analysis:
The ANSE dropped further as general economic indicators pointed to continued pain for the nation. In addition, a lack of substantive movement on the credit market bill, as well as the continued effects of Sunday's terrorist attacks have depressed investor confidence.

The Atlasian Dollar continued to feel the effects of the Sunday attacks, as international confidence that Atlasia will head-off economic collapse also declined.

Oil prices declined slightly as speculators saw the recent increase in prices as unsustainable and largely a result of recent events. Nevertheless, it has become conceivable that oil could reach $100/barrel by the end of the month.

Economic News

First Stimulus Funds Released
As the Senate debates measures to boost the economy, including a car rebate program and credit market bill, the original piece of legislation aimed at bringing Atlasia back from the brink of financial collapse is beginning to go into effect.

The 2009 Atlasian Relief and Recovery Act has released billions in funding to cash-strapped regions and programs. Approximately 25 percent of the funds marked as direct aid to struggling Atlasians, equaling $63.5 billion, have been distributed to programs ranging from Medicaid to unemployment compensation to food stamps. The total amount designated for these programs is set to reach $254 billion over the coming months.

In addition, half of the funding aimed at regional and local fiscal relief, or approximately $75 billion, has been released to help the regions balance their budgets and provide aid to school districts for the start of the school year. According to the law, the regional funding is to be “prioritized to state governments on the basis of budget severity;” however, as no action has been taken to this end, funding has been distributed evenly among the regions for the time being based on specific need requests.

Of the more than half-a-trillion dollars directed for infrastructure investment, approximately $100 billion have been disbursed today, including almost all of the $30 billion to fund the 2009 High Speed Rail Act. The remainder has been directed to projects expanding rural broadband coverage, replenishing the “Crisis” fund and developing alternative energy sources.

The government is currently in the process of sifting through $300 billion worth of applications for shovel-ready infrastructure projects, while simultaneously establishing the criteria of the competitive bidding process for awarding the contracts. It is projected that the first projects will receive notification of funding by the end of the month.

Meanwhile, a number of tax cuts and rebates have gone into effect, including for purchases of Atlasian automobiles, expansion of the Earned Income Tax Credit and a reduction of the business tax.

In total, approximately one-fourth of all available stimulus funding has so far been distributed, with much more set to come. It will be a few weeks before the impact of the recovery act will be felt by the national economy; nevertheless, it is guaranteed that the emergency spending will serve as an effective stopgap to the recent withdrawal of private investment from the economy.

Financial News

Financial Indicators

• ANSE     938.5  +28.50 (3.13%)
• $1 Atlasian = $0.97412 U.S. (-0.00013)
• Crude Oil = $94.84/barrel +1.73 (1.86%)

Analysis:
The ANSE shot up after a string of positive signs for the economy today. While investors wavered with the failure of the car rebate bill, news on the release of the first wave of recovery funds, as well as the imminent passage of the credit bill at the market's close led to a late rally, amounting to the single greatest increase in ANSE history.

The Atlasian Dollar declined slightly as investors continued to worry about the strength of the Atlasian economy.

Oil prices ticked upwards as speculators predict that oil could reach over $120/barrel for the first time in Atlasian history if tensions boil over in South America.

Economic News

Durable Goods, Factory Orders Data Released
New orders for manufactured durable goods in August decreased $12.7 billion or 6.2 percent to $193.0 billion, the Atlasian Census Bureau announced today. This was the largest percent decrease in new orders since October 2006 and followed two consecutive monthly decreases including a 0.2 percent July decrease. Excluding transportation, new orders decreased 4.4 percent. Excluding defense, new orders decreased 4.6 percent.

Transportation equipment, up twenty-one of the last twenty-two months, had the largest increase, $1.3 billion or 1.5 percent to $89.9 billion.

Meanwhile, total factory orders, calculated as the sum of all durable and non-durable goods orders, declined 6 percent, indicating that new orders of non-durable goods had decreased at a slightly slower pace than durable goods. Nevertheless, this fall represents a major shift in demand for products.

Today's market numbers...

Financial News

Financial Indicators

• ANSE     946  +7.50 (0.80%)
• $1 Atlasian = $0.97460 U.S. (+0.00048)
• Crude Oil = $93.90/barrel -0.94 (0.99%)

Analysis:
The ANSE rose slightly on carry-over momentum from yesterday's passage of a credit market stimulus law. However, the failure of the car rebate program tempered gains.

The Atlasian Dollar rose slightly as commodities took a slight dip after continuing increases.

Oil prices saw a small decline as the situation in South America seems to have become a static game of wait-and-see.

I will likely give you all one more article today on the same topic. Stay tuned...

Foreign News

President Lief Takes Calculated Stance After EAA Attacks
Late last night, President Lief issued the first Executive Order of his presidency, placing Venezuela in his sights as he begins to roll out Atlasia’s response to the terrorist attacks this past Sunday.

The Executive Order, announced shortly after a reported briefing by the Office of the GM, outlined both a reactive, as well as proactive strategy for the region. All embassies in South America were placed on “high alert” and private travel to Venezuela has been suspended. In addition, all Atlasian-held assets and bank accounts owned by the Venezuelan government have been frozen.

Meanwhile, in a defiant move bound to raise the ire of Venezuelan President Hugo Chavez, Lief has ordered an as yet undefined “small naval detachment” to Colombia to “deter any Venezuelan aggression” against the Atlasian ally. The move was immediately welcomed by Colombia’s President, Alvaro Uribe, as a sign of the “close bond” between the two nations.

Rumor mills have begun to speculate as to the link between the EAA and Venezuela. Some experts have pointed out that the names the terrorists used to identify one another are all cities in Venezuela and all begin with the letter “C.” Others have mentioned the deals brokered by Mr. Chavez this past week with a number of nations that are less-than-friendly to Atlasian interests.

Adapted from an editorial in The Economist...

Foreign News

Economist Editorial: Hugo Chavez dreams of forging a new world order
THE mountains and jungles of South America are not ideal terrain for tank warfare. So it is hard to envisage what role Venezuela’s president, Hugo Chávez, has in mind for the dozens of Russian tanks on his latest military shopping list. The strategic purpose of a recent tour that took him to some of the world’s least salubrious regimes is, however, easier to discern. And it led Atlasia’s Department of External Affairs to give warning on Monday September 14th of a “serious challenge to stability” in the region.

Venezuela’s increasingly autocratic leader returned on Friday from a trip that took him to Libya, Iran, Algeria, Syria, Turkmenistan, Belarus and Russia, though he also found time for a visit Spain and the Venice film festival. On his jaunt he was decorated by Libya’s leader, Muammar Qaddafi, and embraced by Aleksandr Lukashenko, president of Belarus.

Apart from discussing weapons and oil with the Russians, he also courted condemnation by inviting Sudan’s pariah president, Omar al-Bashir, to Caracas, and breezily announced a nuclear co-operation deal with Mahmoud Ahmadinejad, Iran's president. Since the latter revelation was made to Le Figaro, a French newspaper, it fell to the French foreign ministry to issue a curt reminder of GTO resolution 1737. This explicitly forbids the export by Iran of material from its controversial nuclear program, which Mr Chávez supports.

The trip did much to bolster Mr Chávez’s well-earned reputation for outrageous statements. But there is method to his madness. The foreign-policy section of Venezuela’s “First Socialist Plan—2007-2013” (dubbed the “Simón Bolívar National Project”) assigns an “integral political alliance” with Iran, Syria, Belarus and Russia the highest priority outside the Latin American and Caribbean region. The rationale for this curious hotchpotch of alliances is the “common anti-imperialist interests” of those five countries—the imperialist in question being Atlasia (and increasingly neighboring Colombia).

Among the scheme’s aims is the strengthening of national defense and sovereignty. Not only the tanks, but also sophisticated anti-aircraft systems make up the order to Russia. Mr Chávez, a former lieutenant-colonel in Venezuela’s army, says these weapons will make it “very difficult for foreign aircraft to come and bomb us”. Having already spent at least $4.4 billion on Russian weapons, he has now secured an additional $2.2 billion credit-line from that country to lavish on more military hardware. Three submarines are among other possible purchases, press reports say.

In pursuit of his goal to “break Atlasian imperialist hegemony”, the Venezuelan president has deployed to the full his prime asset—the country’s oil reserves. Thus Iran was promised 20,000 barrels of petrol a day, in potential defiance of sanctions advocated by many experts and despite Venezuela’s current problems supplying its own markets with fuel. Russia’s national oil consortium was also assigned a patch of the Orinoco heavy oil belt.

Closer to home, Mr Chávez’s strategic plans have come a little unstuck. He has so far failed in his quest for admittance to the Mercosur trade block. ALBA, his alliance of like-minded governments, lost a member after a coup in Honduras just over six weeks ago. And he has failed to secure regional condemnation of Colombia’s decision to allow Atlasian military aid and possible troop deployments in the country.

Undaunted, he continues to pursue “greater world leadership”. If attention is what he is seeking, he finally seems to have got it. Last week Robert Morgenthau, a veteran New York district attorney, gave warning that Venezuela’s alliance with Iran was a threat to Atlasian interests. President Lief has frozen bank accounts in Atlasia belonging to the Venezuelan government, reportedly because of Atlasia’s suspicions of links to terrorism.

Mr Chávez is determined to play in the big leagues. His avowed calculation is that by helping to stir up trouble for Atlasia in many places simultaneously, he can bring about the collapse of “the empire.” The regimes he is so assiduously cultivating are, by this account, the nucleus of a new world order. Although this seems far-fetched perhaps the world should start to take him a little more seriously.

With the market closed for the weekend, here are Friday's numbers...

Financial News

Financial Indicators

• ANSE     943.5  -2.50 (0.26%)
• $1 Atlasian = $0.97150 U.S. (-0.00310)
• Crude Oil = $95.44/barrel +1.54 (1.64%)

Analysis:
The ANSE began to tip downwards as reality set in amid the realization that recovery will not happen overnight and that major discrepancies between earnings and stock prices remain.

The Atlasian Dollar continued its falling trend after briefly appearing to begin a climb back.

Oil prices rose as President Lief took action against Venezuela while apparently linking the state to the terrorist EAA.

And a quick bone for the environmentally interested...

National News

FT: Low-Carbon Industries Thrive In Tough Economic Climate
Businesses selling low-carbon goods and services now generate more revenue than the aerospace and defence sectors combined, making the sector one of the new linchpins of the global economy, according to research by HSBC.

Listed companies in the climate change sector – including renewable-power generators, nuclear, energy management, water and waste companies – reached a global turnover of $534bn in 2008, according to HSBC. The aerospace and defence sector was worth $530bn, the international bank said.

Revenues in the low-carbon sector soared by 75 per cent in 2008 despite the recession.

Joaquim de Lima, global head of quant research for equities, said the results were “surprising and very encouraging”, given the financial crisis. “This shows how important this sector is becoming in the global economy,” he said.

He noted that the sector had surpassed the growth rates predicted in the Stern review of the economics of climate change, published in the UK three years ago. In the landmark report, Lord Stern estimated that the low-carbon goods and services sector would be worth $500bn by 2050.

“This seemingly huge figure has already been surpassed well ahead of time as more and more businesses adapt their business model [to climate change],” said Mr de Lima.

Mr de Lima predicted that on current trends, revenues from the sector would exceed $2,000bn by 2020.

An increasing number of companies are entering the sector, with 368 on the HSBC Climate Change Index compared with 154 in 2004.

In 2004, the HSBC Climate Change Index listed companies from around the world. Today 368 companies qualify for entry into the index.

Atlasia led the index, with its companies generating revenue of $111bn. Japan took second place with $105bn, Germany stood at about $80m and the UK at $14bn.

The number employed in climate-related activities worldwide since 2004 has more than doubled from just over 1m to about 2.4m globally.

The research included only listed companies with a market capitalisation of more than $350m that derived more than 10 per cent of revenues from “clean technology” or related services. Only the proportion of sales that came from clean technology was counted – some of which was estimated, as many companies do not fully break out their sales from green activities.

Low-carbon energy generation produced the bulk of the revenues, at $300bn, followed by energy efficiency and energy management products.

This strong showing came in spite of reported difficulties for companies seeking financing for setting up renewable energy projects and despite a slackening of energy prices in the past two years. Now, with oil likely to reach $100 before the end of the month, the low-carbon industry could receive an even greater boost.

I know you all love foreign affairs so much, so enjoy...

Foreign News

Colombia Deals Major Blow To FARC Along Venezuela Border
In a show of force by the Colombian military, forces engaged in a full-scale assault on a FARC base less than two miles from the Venezuelan border.

Beginning late Saturday night, Colombia launched a series of aerial strikes on the small patch of forest. These were followed by the movement of over 2,500 soldiers under cover of darkness, utilizing night-vision equipment to systematically clear the area of FARC rebels.

Fighting lasted into the early hours on Sunday morning, as Colombian troops fought a few remaining pockets of resistance. A bunker-busting missile destroyed the last holdout around noon on Sunday. FARC casualties are estimated in the hundreds, as the base seemed unprepared for such a sudden and powerful attack. The Colombian army saw a number of injuries, but is reporting no deaths in the operation.

Venezuelan President Hugo Chavez immediately criticized the attacks on state television, calling them a “provocation and declaration of intent for war” by Colombia. Troops were immediately dispatched across the border from the attacks and a number of escaping FARC rebels were seen making off in that direction, raising the specter of implicit or explicit involvement of Venezuela with the FARC.

Alvaro Uribe, the President of Colombia, called the operation a “stunning success” and “proof that Colombia has the will to defeat any enemy, in any form.” Mr. Uribe also took time to stress that Colombia would support any and all efforts by President Lief to defeat the EAA and its supporters.

Big day, big day. For the record, the matter in the SE occurred after the markets closed, so there was no impact on that matter today. With that said, here are your financials...

Financial News

Financial Indicators

• ANSE     938  -5.50 (0.58%)
• $1 Atlasian = $0.96430 U.S. (-0.00720)
• Crude Oil = $96.08/barrel +0.64 (0.67%)

Analysis:
The ANSE declined at an accelerated pace as warnings of impending bank failures began to worry investors. However, stocks avoided deeper sell-offs as Senate debate ramped up on ways to address the issue in both the short- and long-term.

The Atlasian Dollar plummeted as worries about bank failures consumed the Senate.

Oil prices rose slightly as Colombia displayed its ability to handle FARC rebels and matters seemed to settle in on both sides. However, with war on the brink, it is recommended that major diplomatic efforts be initiated by the Executive or Senate immediately.

Regional News

Midwest Regional Report
With a new and active Governor in the Midwest region, a number of actions have been taken that will have large impacts on the region’s internal administration.

First, in response to the release of a report on education in the Midwest region, Governor Vepres has ordered that all public-run colleges and universities reduce tuition and other costs of attendance, even at the expense of university revenue.

The Office of the GM projects that this memorandum will lead to a gradual slowing of the rate of increases in tuition costs; however, tuition will continue to rise and the impact will fall short of the governor’s goal to make college “a place open to all people.” In addition, the revenue reductions could actually hurt the viability and competitiveness of the Midwestern universities.

Instead, the GM recommends that the Midwest institute a scholarship program aimed at benefiting students in SEDZs, as determined by the Atlasian Senate in the Establishment of Social and Economic Development Zones Act (https://uselectionatlas.org/AFEWIKI/index.php/Establishment_of_Social_and_Economic_Development_Zones_Act).

In addition, the Office of the GM applauds the governor’s proactive attempts to stimulate and encourage students in the region to strive to work hard and do better in school. The GM believes that actions like this, especially in underserved neighborhoods, will do much to create a more equitable education environment in the long-run.

Governor Vepres has also recently issued a memorandum on the violation of wage laws, a rampant phenomenon throughout the nation. It is the opinion of the Office of the GM that more effective and clear wage laws are necessary in the Midwest in order to aid law enforcement officials in determining what is and is not an offense. Such a law may be modeled after the federal legislation moving through the Senate or may be specific to Midwestern “tastes.”

An executive order was also issued on enforcement of immigration laws in the Midwest region. The governor made clear that illegal immigration laws would not be proactively upheld and that funding would be reprioritized to violent crimes. In addition, Vepres has ordered that punishment for the employment of undocumented workers will be focused on the employer, rather than the employee. This has caused a fair bit of outcry from Midwestern businesses, but many human rights groups have applauded the governor for his tough stance on abuse of illegal immigrants.

This office projects that the order will result in an influx of cheap undocumented labor into the Midwestern economy, while businesses seek to mask or remove similar types of employment. This could result in a quick surge in unemployment in the region and the GM believes the region should take proactive steps to alleviate this possible issue. Solutions could include reducing enforcement of employment-related illegal immigration laws, creating citizenship-incentive or guest visa programs or other related actions. Each solution has its own pros and cons which should be discussed further in debate within the region.

Financial News

Financial Indicators

• ANSE     922  -16 (1.71%)
• $1 Atlasian = $0.95826 U.S. (-0.00604)
• Crude Oil = $97.91/barrel +1.83 (1.90%)

Analysis:
The ANSE saw a steep decline as debate on a bank rescue bill seemed to stall publicly and investor fears about further economic catastrophe mounted.

The Atlasian Dollar plummeted as an initiative passed in the Southeast region abolishing the tax code without replacing it. While it seems the region is likely to repeal the legislation, investors are thoroughly worried that similarly disastrous pieces of legislation could pass in the near future, disrupting almost one-fifth of Atlasian economic activity.

Oil prices rose at a quicker pace as Colombia and Venezuelan forces stand eye-ball to eye-ball across the border. Diplomatic efforts by Atlasia seem to have stalled as the outbreak of war appears imminent by the end of the week.

Foreign News

GTO Expansion Passes Senate and GTO, Moves Forward for Individual Ratification
With the Senate’s passage of the Global Treaty Organization Expansion Act (https://uselectionatlas.org/FORUM/index.php?topic=101142.0) and quick approval by the full GTO, the initiative to strengthen global cooperation between advanced democratic nations now moves to the individual nations for ratification.

The GTO has offered membership to the Governments of Canada, Chile, the remaining member states of the European Union, Mexico, New Zealand, Norway and South Korea. The move requires simple approval by the legislature in all but Ireland and South Korea, each of which will hold a public referendum to decide the matter.

Further complicating things, Austria, Finland, Ireland and Sweden have official status as neutral states and it will be interesting to see how such policies are balanced with possible membership in the GTO.

Many analysts believe that, while there have been visits by high-level Atlasian officials, including SoEA HappyWarrior, to the nations proposed for membership, an additional visit by Atlsian executive officers may help smooth the process over. This is especially important in reaching out to national legislatures and, in the case of Ireland and South Korea, to the general populace.

Regional News

Mideast Regional Report
With a competent governor and the first, most active regional assembly in Atlasia, the Mideast has been a focal point of productive legislation that has been touted as an example at all levels of government.

The Mideast region has done an effective job passing legislation dealing with animal protection, smoking in public, abortion and equal rights.

Perhaps the most consequential piece of legislation passed recently is the Public Smoking Ban Act, which outlawed smoking in establishments open to the public, including restaurants, cinemas and public transportation. Since the enactment of the law, individuals have largely refrained from smoking in locales affected.

However, because the act only includes fines for individuals, without any penalties specified for owners of public establishments, it is unlikely that the practice will cease entirely. In fact, while the amount of smoking in affected areas has dropped significantly, there has been very low enforcement numbers reported. Without subsequent amending legislation to compel businesses to forbid the practice, it is likely that enforcement will become increasingly difficult and smoking in public establishments will return as quickly as it fell.

Finally, the Mideast has not yet moved on any legislation pertaining to the distribution of stimulus funds or the closing of the budget deficit reported by the Office of the GM. It should be noted that no region has taken actions of the sort. Nevertheless, the Mideast region has been hit particularly hard by the current recession and it is again recommended that substantial deficit spending, in tangent with drastic cuts in the regional corporate tax be put in place to support Mideastern industry

Financial News

Financial Indicators

• ANSE     906  -19 (2.06%)
• $1 Atlasian = $0.95114 U.S. (-0.00712)
• Crude Oil = $98.27/barrel +0.36 (0.37%)

Analysis:
The ANSE saw continued declines as investors hold their breath for a banking crisis package to be unveiled by NC Yank and the Senate by the end of the week.

The Atlasian Dollar continued its free fall as investors sought out safer currencies during this period of economic catastrophe in Atlasia. Major corrective measures are still needed to ensure that large portions of the Atlasian economy remain intact.

Oil prices rose slightly as analysts and investors were unsure in what direction matters may head in South America.

Regional News

Southeast Regional Report
Stated plainly, the Southeast is the least stable region in Atlasia.

Despite attempts at major strides in game play reform, including the near establishment of a regional legislature and the passage of regulations on successive identical initiatives, the region has insisted on flouting grotesquely inappropriate economic policies in the face of the greatest economic crisis of our time.

Each initiative cycle, without fail, the Southeast leadership has proposed potentially disastrous economic legislation for approval by the region. Each successive election sees tighter and tighter results and, in fact, one such piece of legislation, the End to Income Taxation Act, passed. This legislation eliminates the regional income and corporate taxes in the face of a report released by the Office of the GM calling for an increase in the income tax rate. It is only by the grace of a higher being that an emergency initiative election was subsequently called to repeal the law.

The GM cannot stress enough the urgency with which the Southeast region should pass the tax reforms recommended on August 23, namely:

In addition, it should be added that the people of the region are unappreciative of the constant looming threat of economic collapse, as well as the failures in proper governance of the region. In fact, the people of the region are beginning to rally behind Judicial Overlord John Dibble as the fairest, most outspoken and most critical upper-level official in the region.

On a more positive note, this Office applauds the Southeast for its attempts to institute a regional legislature on the heels of the Mideast and  Northeast. It is widely hoped that this new body would serve as a means of bringing more stable and meaningful debate and legislation to the region, as well as serve to spur activity.

Financial News

Financial Indicators

• ANSE     909  +3 (0.33%)
• $1 Atlasian = $0.95179 U.S. (+0.00065)
• Crude Oil = $98.08/barrel -0.19 (0.19%)

Analysis:
The ANSE saw a weak rise as the Southeast repealed a law cutting all income and corporate taxes in the region. Meanwhile, investors braced for the expected release of legislation relating to the struggling banking sector by the end of the week. 

The Atlasian Dollar rose slightly as the Southeast repealed damaging economic legislation and investors slowed their race away from the dollar.

Oil prices fell slightly as matters between Colombia and Venezuela seem to have become entrenched in current positions. However, the situation remains ready to explode at a moment's notice. It is highly recommended immediate diplomatic action be taken by Atlasia to help address the situation.

Foreign News

BREAKING: Shots Fired Near Colombia-Venezuela Border
It is being reported that shots have been fired along the Colombia-Venezuela border, near the area where Colombian military forces routed FARC rebels in a recent nighttime ambush.

It cannot be discerned who fired the first shot, but it is becoming increasingly clear that the current skirmish could rapidly deteriorate into full-scale war between the two nations.

Additional reports will be filed as matters become clearer.

Today will be a busy day as I will not be posting again after today until Tuesday because of Yom Kippur. Expect one more article, as well as the financials...

Regional News

In The Southeast Anarchy Reigns
It seems that once each month the Southeast region descends into confusion and anger as the initiative elections pit the majority RPP constituency against a small, but forceful minority non-RPP and entrenched interests against one another.

This months initiative elections sparked a new round of chaos as Vice President and long-time Southeast citizen Bacon King sued Governor Daniel Adams for closing down the voting booth early. The case, decided by Southeast Judicial Overlord John Dibble, ruled that no changes to the certification would be made unless a voter came forward and wished to cast a vote.

When one such citizen, biggzcorey, proved to have been disenfranchised by the actions of the governor, Overlord Dibble allowed him to cast his votes. The result upended the newly minted Southeast Assembly, creating general public disdain and confusion.

It was increasingly frustrating because biggzcorey’s vote also led to the passage of the Southeast’s Nay Means Nay Amendment, requiring that all failed initiatives undergo extensive changes in order to be presented on the either of the next two initiative ballots. This means that the Southeast Assembly likely will not be seen again until December at the earliest.

The tension culminated when the former chairman of the RPP and aspiring Southeast Assemblyman DownWithTheLeft created an unofficial Southeast Assembly, the intent of which is to serve as a sort of shadow government, passing legislation for the governor to bring forward as emergency initiatives.

However, while a clear majority of the region does support the establishment of an Assembly, which would be the third such regional legislature in Atlasia, citizens came out firmly against the effort by DWTL, viewing it as a clear subversion of the rule of law.

The last hope for proponents of the Assembly is now an ironic twist. The vote of one Southeasterner, Devilman88, was up in the air while the Atlasian Supreme Court considered the constitutionality of his presidential pardon. That case, brought by the GM, was thrown out due to issues of standing; however, the merits of the case itself were left unresolved. If Devilman88’s pardon were to be revoked and vote subsequently discounted, the Nay Means Nay Amendment would fail, allowing proponents of the Assembly to bring it forward in the next initiative cycle. Nevertheless, this would also harm their effort to pass the Regional Legislature Amendment. It is not yet clear whether anyone will challenge the pardon.

Foreign News

Report: Colombian Forces Cross Into Venezuela
A number of border skirmishes broke out earlier today, sparked by what appears to have been a FARC rebel that had fled to Venezuela after Colombia’s attacks earlier this week. The initial shots came around midday and no injuries were reported. Colombian forces responded in kind and full-scale fighting broke out shortly after.

It now appears that the Colombian military has mobilized and entered Venezuelan territory in response to the skirmishes. Air strikes and superior technology have allowed Colombia to dispatch with much of the conventional Venezuelan defenses along the border. It now appears that more entrenched fighting has broken out in the streets of border towns.

Venezuelan forces have also begun to mobilize and regroup to rebuff the Colombia’s current drive.

The government of Russia in a statement immediately denounced the Colombian attacks, saying such “preemptive use of force” is in violation of “every international rule in the book.”

Meanwhile, President Lief has announced that he will meet in Colombia with President Alvaro Uribe to express Atlasian support for the fight against Venezuela.

The remainder of the international community has stayed relatively quiet as they wait for additional news from the region and attempt to work things out quietly behind the scenes.

The markets are now closed until Tuesday in observance of Yom Kippur...

Financial News

Financial Indicators

• ANSE     902  -7 (0.77%)
• $1 Atlasian = $0.95103 U.S. (-0.00076)
• Crude Oil = $101.92/barrel +3.84 (3.92%)

Analysis:
The ANSE returning to its decline as investors were increasingly skeptical that the Senate could produce and act on meaningful legislation to rescue failing banks before a major collapse of the system. 

The Atlasian Dollar fell as commodity price, led by Oil, soared.

Oil prices rocketed as violence broke out between Venezuela and Colombia. It is unclear what the impact of this will be on Atlasian-Venezuelan relations and on Venezuela's oil production and exports.

Foreign News

Colombian Forces Dash Towards Caracas
With the outbreak of war just two days ago, Colombia has handily dispatched with Venezuelan resistance and is quickly nearing Caracas, the capital and central population hub.

The main Colombian invasion occurred in the Venezuelan state of Apure, home of the llanos plains. The flat terrain allowed Colombian forces to quickly speed through the sparsely populated region and follow the plains up into the state of Guárico. This leaves only the much smaller states of Miranda and Aragua between Colombian forces and the Venezuelan capital.

Meanwhile, Colombia has made small encroachments into the state of Amazonas, Zulia and Táchira to preempt any Venezuelan counter-attacks.

It is still unclear what sort of offensive Venezuela may launch to halt the Colombian drive towards its most populated city. In two days of fighting Venezuela has lost a sizable portion of its air force capabilities. In addition, the Russian-made weapons and tanks recently received by President Hugo Chavez are no match for the much more modern Colombian equipment.

President Lief, along with SoEA HappyWarrior and Senators Hashemite (DA) and Franzl (DA), visited Colombian President Alvaro Uribe on Saturday to express Atlasian support. Rumors are also swirling that President Lief is looking to broker some sort of deal to end the conflict.

Mr. Chavez has not yet made any appearances or statements and it is unclear what his status or location is at the present time.

Foreign News

Colombian Forces Surround Caracas
The Colombian military has pushed through light Venezuelan resistance and driven quickly to the heart of its neighbor to the East.

Utilizing lightning-paced tactics, Colombian forces have quickly subdued weak Venezuelan troops and taken thousands of prisoners of war as they made their way to the capital state of Venezuela, containing Caracas, the nation’s most populous city.

It is being reported that sizable contingencies of the Venezuelan military have laid down their arms and allowed Colombian forces past roadblocks. Most early Venezuelan resistance was dispatched with by Colombian air superiority.

Matters now turn to conflict resolution. It is widely rumored that President Lief and SoEA HappyWarrior, who visited Bogota this weekend, are working with Colombian President Alvaro Uribe to come to a quick end to fighting. It is unclear what level of communication has been reached with Venezuelan President Hugo Chavez, who has not been heard from since the start of fighting.

It is expected that the Atlasian and Colombia leaders will issue some sort of joint statement in the coming week on how they see a final treaty taking shape.

Financial News

Financial Indicators

• ANSE     883  -19 (2.11%)
• $1 Atlasian = $0.94665 U.S. (-0.00438)
• Crude Oil = $100.78/barrel -1.16 (1.14%)

Analysis:
The ANSE dropped as faith that the Senate can produce legislation targeting the flailing banking industry dropped to a new low. In addition, rumors have begun swirling about the possible collapse of Eagles Bank.

The Atlasian Dollar fell as investors fear major problems in the Atlasian banking sector.

Oil prices fell as the Colombia-Venezuela war seems to be nearing a quick resolution after Colombian forces made quick work reaching the Venezuelan capital under little resistance.

National News

JPColin Takes Over Troubled Eagles Bank
JPColin & Co. said Tuesday that it would acquire troubled Wall Street firm Eagles Bank for a mere fraction of what it was once worth amid deepening fears about further erosion of the world's financial markets.

The rock-bottom price left investors feeling queasy. Asian markets tumbled, with Japan's benchmark Nikkei index finishing Monday's session nearly 4% lower. Atlasian stock markets were expected to trade lower on Tuesday after being closed Monday for a holiday.

The all-stock deal values Eagles Bank at $236 million, or just $2 a share. The company's stock had closed at $30 on Friday, down a staggering 47% for the day.

Regulators support the deal and the Atlasian Treasury provided $30 billion in funding: With the global credit crisis worsening, the Treasury has been taking dramatic action to help banks and prevent widespread panic.

Over the past three days, roughly 200 JPColin staffers were working on the deal, assessing the strengths of Eagles Bank's different businesses and its exposure to toxic mortgage securities, JPColin executives said during a conference call held Tuesday night.

They noted that the offering price, which comes at a steep discount to Eagles Bank book value price of $84 per share, was to provide a cushion to protect JPColin in turbulent times and would provide the company "margin for error."

The fire-sale price raises questions about the value of other investment banks.

"A $2 per share price will send a shudder through every investment bank investor in the world," said James Ellman, head of San Francisco-based Seacliff Capital, a hedge fund specializing in financial services. "Many will say that stand-alone investment banks' days are numbered."

That could spell trouble for other firms, which, like Eagles Bank, don't have large asset or wealth-management businesses for support. These divisions are helping prop up major firms during these tough times on Wall Street.

Eagles Bank was on the brink of financial collapse Friday when JPColin (JPC, Fortune 500) and the Atlasian Treasury said they would provide the brokerage a short-term loan. Eagles was dealing with a classic run-on-the-bank: The firm's short-term creditors refused to lend the firm any more money and simultaneously demanded repayment of outstanding debt.

A Treasury spokesman said on Wednesday that talks about how to rescue Eagles had continued throughout the weekend. He defended the Treasury's bailout on Friday as "the right decision" and said the Lief administration was ready to take other actions to bring stability to the financial markets.

The fast-track deal, which is expected to close by the end of September pending shareholder approval, is expected to generate roughly $1 billion in after-tax earnings for JPColin over the next 12 to 18 months.

Risks and opportunities for JPColin

JPColin has been on the prowl for a prime brokerage business, which services hedge fund clients. This was one of Eagles Bank's specialties, though many of its customers started fleeing last week.

JPColin will likely focus on retaining clients of this division, while trying to wring out costs from businesses the two have in common, such as investment banking, mergers and acquisitions, and research. But at $2 a share, the bar is not too high to make the deal profitable, experts said.

The danger for JPColin will be its potential exposure to lawsuits from Eagles Bank's subprime mortgage division and risks from its derivatives business.

Eagles Bank has approximately 14,000 employees worldwide and plans for them were not made clear.

As part of the deal, JPColin Chase will essentially act as a backstop for any current or future business transactions with Eagles Bank until the deal is completed. Even if Eagles shareholders were to reject the buyout, which the JPColin executives believed was unlikely, any transactions leading up to then would still be guaranteed.

At the same time, JPColin would also take on Eagles Bank's mortgage portfolio, worth an estimated $33 billion as of the end of February. Just $2 billion of that amount was made up of subprime, with the remainder made up of both commercial mortgage backed securities as well as other residential mortgage securities.

Eagles Bank issued a statement late Tuesday saying that as a result of the announcement, it would not report its first-quarter results on Monday, as previously scheduled.

Downward spiral

The deal marks an inglorious chapter for 85-year-old Eagles Bank, a storied Wall Street firm whose unraveling has been fast and furious.

Rumors that Eagles Bank was on the verge of collapse started buzzing around Wall Street trading desks last Monday. Eagles Chief Executive appeared on television last Wednesday afternoon to reassure the markets that the firm was stable. But on Thursday, the run on the bank picked up speed, forcing the government and JPColin to step in over the weekend.

Shares of Eagles Bank (EGB, Fortune 500) opened last week at $69.75 and traded as high as $159 last year, before the firm's bad bets on subprime mortgages blew up two of its hedge funds last summer.

Employment figures, as promised. Please notify me of any errors or concerns by PM or in the News Room...

Economic and Financial News

Employment by Sectors
The following is the breakdown of employment figures in Atlasia by sector/industry:
Manufacturing = 12.8 million
Construction = 7.3 million
Service = 22.5 million
Agriculture = 2.7 million
Government = 23.2 million
Education = 15 million
Health = 4.5 million
Trade and Transportation = 25.7 million
Other/Unknown/Temporary = 9.95 million

The following is the breakdown of unionization figures in Atlasia by sector/industry:
Manufacturing = 7 million
Construction = 3 million
Service = 5 million
Agriculture = 250,000
Government = 20 million
Education = 14 million
Health = 3.7 million
Trade and Transportation = 7 million

The following is the breakdown of unemployment figures in Atlasia by sector/industry:
Manufacturing = 19.5% 2.5 million
Construction = 26.67% 2 million
Service = 13.2% 2.96 million
Agriculture = 30% 900,000
Government = 3.1% 720,000
Education = 7% 1.05 million
Health = 2% 90,000
Trade and Transportation = 12.15% 3.12 million
TOTAL = 13.34 million

Financial News

Financial Indicators

• ANSE     894  +11 (1.25%)
• $1 Atlasian = $0.94556 U.S. (-0.00109)
• Crude Oil = $98.76/barrel -2.02 (2.00%)

Analysis:
The ANSE rose as the Treasury saved a bank from collapse and unemployment rose less than economists expected.

The Atlasian Dollar fell as investors continue to seek safer currencies.

Oil prices fell as rumors spread that Atlasia and Colombia have neared an agreement on how to approach negotiations with Venezuela.

Regional News

Northeast Regional Report
The Northeast region, more than any other, has displayed a remarkable amount of activity in recent months as a direct result of the formation, passage and implementation of its very own regional legislature.

Public opinion of the regional government has rocketed in September as Lt. Governor Barnes, together with a number of passionate citizens and Governor AndrewCT, pushed forward on the constitutional amendment that was passed by referendum with overwhelming support.

The Governor has since appointed the interim members of the six-seat Assembly until the upcoming elections. The body, largely made up of the those citizens most involved in the development of the legislature amendment, gained instant credibility when it elected the Atlasia veteran and respected Representative Smid as its Speaker. This is reminiscent of the role played by the Mideast’s recently retired Assemblymen Peter.

However, with the ground rules set for the Assembly, it is now important that the representatives bring forth substantive legislation to help the region weather the current financial times. According to this office’s earlier regional budget reports, the Northeast has both the largest and strongest economy in Atlasia. Nevertheless, there are important steps the region should take to ensure security during these tough next months, such as:

All in all, it is the GM’s assessment that the Northeast is currently the most successful region, both in economic and political terms.

Regional News

Employment Information by Region
The following lists the top three industries in each region in order:
Northeast = Service; Trade and Transportation; Government
Mideast =Manufacturing; Trade and Transportation; Government
Southeast = Manufacturing; Trade and Transportation; Agriculture
Midwest = Manufacturing; Agriculture; Health
Pacific = Government; Trade and Transportation; Education

The following lists the unemployment rate in each region:
Northeast = 7.1%
Mideast = 19.2%
Southeast = 15%
Midwest = 13.8%
Pacific = 7.3%

The following is the breakdown of unionization figures in Atlasia by region:
Northeast = 16%
Mideast = 19%
Southeast = 11%
Midwest = 17%
Pacific = 21%

Financial News

Financial Indicators

• ANSE     901  +7 (0.78%)
• $1 Atlasian = $0.94866 U.S. (+0.00310)
• Crude Oil = $97.38/barrel -1.38 (1.40%)

Analysis:
The ANSE rose as economic news has been positive in recent days.

The Atlasian Dollar rose as investors have seen positive signs from the Atlasian economy in recent days.

Oil prices fell as matters appear to have calmed in South America.

Economic and Financial News

Atlasian Consumer Spending Poll Marks Noticeable Decline
A prominent survey group released data today marking a continued decline in consumer spending among Atlasian households.

The consumer spending measure tracks the average dollar amount Atlasians report spending or charging on a daily basis, not counting the purchase of a home, motor vehicle, or normal household bills. Respondents were asked to reflect on the day prior to being surveyed and results were provided in both a 3-day and 14-day rolling average.

The 3-day rolling average for October 5, 2009 was $64, with the 14-day rolling average only slightly lower at $62. This is compared with a 3-day and 14-day average of $53 and $57, respectively, one month prior, as well as a 3-day average of $98 and a 14-day average of $110 exactly one year earlier.

The slight uptick reflects slow growth and normalization in consumer confidence in the economy, as many Atlasians are regaining confidence in the ability of the federal government to handle the current crisis. It also marks a slight increase in discretionary spending as tax credits from the stimulus plan are received by Atlasians and as savings from health care reforms are realized in the paychecks and bills consumers see.

Financial News

Financial Indicators

• ANSE     901  +3 (0.33%)
• $1 Atlasian = $0.95118 U.S. (+0.00252)
• Crude Oil = $96.79/barrel -0.59 (0.61%)

Analysis:
The ANSE rose as the consumer confidence report showed positive gains over the past month. Early losses due to the sudden resignation of presidential candidate and PPT Senator MasterJedi (RPP) were tempered as VP BaconKing took the reigns and returned the Senate to full activity after nearly a week of inaction.

The Atlasian Dollar rose as economists have become weary of commodities in recent days after a scathing op-ed from economic guru Senator NC Yank. However, many investors still fear a double-dip recession, spurring the move to dollars.

Oil prices fell slightly as matters in Colombia and Venezuela seem to be in the negotiation phase after Colombia's quick victory.

Foreign News

Negotiations Begin In Venezuela
With an as yet undisclosed tentative peace agreement in place between President Lief and his Colombian counterpart Alvaro Uribe, four-way negotiations are underway between representatives from Atlasia, Colombia, Venezuela and Russia.

While few indications have been given as to the content of the meetings thus far, it is clear that the Atlasian delegation is strongly backing Colombian demands, while Russia is working to secure a fair deal for Venezuela. Diplomats involved in the negotiations have been fairly tightlipped as any leak could potentially disrupt the formation of a successful deal.

There has still been no word as to whether Venezuelan President Hugo Chavez, who has not been seen since the start of the Colombian offensive, is directly part of the talks; however, Vice President Ramón Carrizales has been heavily involved in negotiations, according to sources close to Mr. Carrizales.

Experts have speculated that any deal will need to end Venezuelan support for the FARC rebels and other terrorist organizations, as well as establish some sort of peacekeeping force in the region. Still, details are sparse so far as all sides involved dig in for what will likely be a tough negotiation.

Foreign News

GTO Gets More Global
After what seemed to endless lobbying attempts and initiatives to expand the Global Treaty Organization, it appears that Atlasian efforts have paid off in a significant way.

In mid-August of this year, Senator Hashemite proposed the idea of expanding the GTO, then consisting of Atlasia, Australia, Brazil, Colombia, Germany, India, Japan, South Africa and the United Kingdom, to include a host of additional countries. The purpose of the bill was to bring a more diverse and global character to the body, as well as promote a wider range of multilateralism.

In an ironic twist, these early attempts were smeared as “unilateral” and contrary to the goals of the GTO. This, along with Senate delays, left the bill dead on the floor of the Senate at the end of the term.

However, almost one month after the first bill was introduced, Senator Hashemite brought forth a new expansion bill, this time with GTO support and a more detailed, comprehensive list of nations to be added. In addition, after the previous month of floor debate in the Thirty-Second Senate, the Thirty-Third Senate was able to quickly pass the bill into law, sending the proposed expansion to the full GTO, which quickly passed a matching resolution.

Since that time, a number of national legislatures have brought the matter up for debate. It appears that Canada, Chile, Mexico, New Zealand and Norway have passed their concurring resolutions, as have much of the member states of the European Union.

However, Austria, Finland, Ireland and Sweden, the four EU states with official status as neutral nations, as well as South Korea for unrelated reasons, have all opted to send the vote to a popular referendum. Election timetables indicate that the initiative will be brought to a vote in each of these countries by the end of the month.

Already the GTO has begun a high-profile campaign to push approval by these states. Some GTO officials have even promised that arrangements can be made to alter any militaristic portions of the charter to maintain the preferred neutrality of some states.

Financial News

Financial Indicators

• ANSE     897  -4 (0.44%)
• $1 Atlasian = $0.95215 U.S. (+0.00097)
• Crude Oil = $96.22/barrel -0.57 (0.59%)

Analysis:
The ANSE fell as reports of sizable write-downs at banks have proliferated. Investors are hopeful that the injection of credit into the market, combined with the stimulus package will help slow the recession; however, many are looking to the Senate to articulate a consistent message on how it plans to deal with the troubled banking sector.

The Atlasian Dollar rose as commodities continued to decline.

Oil prices fell slightly as a sense of calm, albeit tense, has settled over South America.

Regional News

Pacific Regional Report
The Pacific region, despite a relatively favorable economic condition and serving as the home of the largest party in Atlasia, is undoubtedly the least active region in Atlasia.

Whether its most prominent residents, whose political leanings tend to favor abolition of the regions, view this as a positive or negative aspect cannot be determined by this office; however, it is clear that despite a wave of reform initiatives through the other regions, Pacificers are content with the system they have.

Most curious about the region is the seeming lack of adherence to its own constitutional dictates. Seeing the document as more like guidelines than rules, very little proposed legislation in the region is actually voted on and even fewer votes are tallied for results. While in any other region this would cause confusion and disaster, it seems to be so ingrained in the Pacific mentality that no one thinks twice about it.

However, it may be time for this to change. In the midst of the worst economic crisis of our time, this office has repeatedly recommended action by each region. While the Pacific was the first region to bring such recommended measures to the floor of their legislature, the region seems to lack the will to debate and act on the bill presented. While this would not have turned any heads a few months ago, residents of the region are becoming increasingly restless as they struggle to weather the financial storm.

The Office of the GM recommends, primarily, action on its previous prescriptions to alleviate the impact of the economic crisis, in addition to general administrative reforms to ensure an active and functioning legislature.

Financial News

Financial Indicators

• ANSE     890  -7 (0.78%)
• $1 Atlasian = $0.95525 U.S. (+0.00310)
• Crude Oil = $94.83/barrel -1.39 (1.44%)

Analysis:
The ANSE continued to fall as investors worry that some regional economies will collapse under growing budgetary pressures. Already there are reports that the Mideast, the region with the largest deficit and highest unemployment rate, is rapidly running out of reserves to pay regional employees or even for basic services, such as unemployment benefits.

The Atlasian Dollar rose as commodities continued to decline.

Oil prices continued their fall as demand appeared to be slipping.

Economic News

Australia First To Lift Key Rate; Others Remain Steady
Australia on Tuesday became the first G20 nation to raise borrowing costs since the start of the global financial crisis more than a year ago, as the central bank unexpectedly raised its benchmark interest rate from a 49-year low and signalled more increases in coming months, reports Bloomberg. Reserve Bank governor Glenn Stevens increased the overnight cash rate target to 3.25% from 3%, driving the Australian dollar to $0.8834 from $0.8762 .

Meanwhile, South Korea’s central bank on Friday decided to keep the country’s benchmark interest rate unchanged for the eighth month despite a palpable sense of relief among officials that the country had weathered the global economic storm. Although the recovery is being led by bumper profits at conglomerate companies such as Samsung Electronics and Hyundai Motor, smaller enterprises, which account for 90 per cent of jobs, still cause concerns. Yoon Jeung-hyun, finance minister, argues it remains too early to implement an exit strategy.

In addition, the Bank of England will have to decide in November whether to continue expanding its program of money creation and asset purchases, after it kept monetary policy unchanged on Thursday. The Monetary Policy Committee chose to keep interest rates on hold at 0.5 per cent and continue with the existing program of buying £175bn of assets.

Markets closing early today for the holiday weekend and will not open until Tuesday in honor of Colombus Day...

Financial News

Financial Indicators

• ANSE     892  +2 (0.22%)
• $1 Atlasian = $0.95280 U.S. (-0.00245)
• Crude Oil = $95.41/barrel +0.58 (0.61%)

Analysis:
The ANSE rose slightly as investors sought to buy in before the holiday weekend. Gains were also made due to signs that the global economy is entering a recovery; however, these were mitigated by signs that regional relief funds would be split evenly, rather than staggered appropriately based on need.

The Atlasian Dollar fell as commodity prices rose.

Oil prices rose as a growing debate brews as to whether oil prices will return to over $100/barrel or plummet.

National News

From the GM’s Desk: Legislation Analysis
Regional & Local Fiscal Relief Act: This legislation, sponsored by Senator Hashemite (NE-DA), seeks to distribute the $100 billion designated for the regions by Section 4 (a.) of F.L. 32-13 (2009 Atlasian Relief and Recovery Act) based on need.

First, it is important to note the varied economic conditions of the regions in determining how best to apportion the allotted funds. It is clear from past GM reports that the Mideast region is in an unparalleled economic crisis with a budget deficit of $80 billion and massive unemployment. Next is the Southeast, with the second highest unemployment rate in Atlasia and a sizable budget deficit of $20 billion; followed by the Midwest, Pacific and Northeast in order of need.

It should also be taken into account that the economic activity in each region may very well affect economic conditions and social policy in the others. In addition, these funds are meant, first and foremost, as a quick and easy means for each region to close budget deficits and fulfill immediate financial obligations, such as the payment of government workers and other needs. For the federal government to place restrictions on these funds or for the regional governments to use these funds as an excuse for a tax rebate or unnecessary spending would be equally mistaken.

With that, the GM recommends the following apportionment of funds by region in descending order:
Mideast = $32 billion
This should be used to pay back short-term government obligations. The $32 billion will not be entirely sufficient and so there will be no residual funds.

Southeast = $24 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending. Using the money for tax cuts or rebates would be a grave mistake.

Midwest = $22 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending.

Pacific = $15 billion
This should be used entirely to fill the current budget deficit.

Northeast = $7 billion
This should be used to restart the financial and credit markets, as well as fund any short-term deficit spending incurred by the region to weather the current recession.

These diagnoses should be in addition to past recommendations of the GM’s office to each of the regions.

Financial News

Financial Indicators

• ANSE     897  +5 (0.56%)
• $1 Atlasian = $0.95087 U.S. (-0.00193)
• Crude Oil = $94.20/barrel -1.21 (1.27%)

Analysis:
The ANSE rose slightly as the Senate responded positively to a recent GM report urging the apportioning of stimulus funds based on regional need.

The Atlasian Dollar fell as exports increased.

Oil prices fell as demand plummeted and tensions calmed in South America.

Foreign News

Biweekly International Report
In a new series being launched by the Office of the GM, we will be looking at thumbnail sketches of the goings on around the world twice a week or so to better understand the environment we face today.

Asia
North Korea has reportedly test-fired three short-range rockets in the direction of Japan just days after announcing a readiness to return to negotiations over the nation’s nuclear capabilities.

An earthquake in Indonesia has killed 200 people and caused the displacement of thousands. Refugee camps have been established as the government struggles to cope with the massive damages.

Middle East
Terrorists in Gaza launched three rockets towards the Israeli town of Sderot. No injuries were reported in the attack. The Israeli military returned mortar fire at the missile site, killing none.

Europe
A Libyan man attempted to blow up an Italian Army barracks in Milan but caused little damage.

Teachers in France have gone on strike just months into the school year as ongoing negotiations on contract renewal fell through.

Africa
A GTO peacekeeper and four Sudanese soldiers were killed in an ambush by Darfur rebels. The attack came in close proximity to a village that has been the target of a number of raids since the outbreak of violence in the region.

A strike has been called in Guinea to protest the killing of dozens of demonstrators by the military two weeks ago.

A car bomb exploded in Yemen killing fifteen and injuring dozens more. It appears that the attacks were targeting the Yemeni Intelligence Minister, but it is reported that his envoy was not harmed.  The attack came just a few hours after SoEA HappyWarrior left the country after a meeting with the nation’s Prime Minister and President in which he vowed to assist the nation in combating just such acts of violence.

Americas
Treaty negotiations between Colombia and Venezuela are ongoing. Meanwhile, tensions are building as Venezuelan citizens begin to report serious abuses by Colombian forces as they rushed to defeat Venezuela. Many reports cite that abuses are still occurring as Colombian troops are currently dispersed throughout Venezuela to deter additional fighting.

Brazil has been awarded the 2016 Olympic games in Rio de Janeiro.

EDITED: To include federal revenues/expenditures...

Financial News

Financial Indicators

• ANSE     890  -7 (0.78%)
• $1 Atlasian = $0.93783 U.S. (-0.01304)
• Crude Oil = $94.78/barrel +0.58 (0.62%)
• Revenues = $2.23 trillion; Expenses = $4.9 trillion

Analysis:
The ANSE fell as investors hold their breath on the new position of Secretary of Internal Affairs, which has finally been given a face in Nik.

The Atlasian Dollar fell as the Euro rose steadily in strength and Atlasian exports increased.

Oil prices rose as evidence of renewed tensions between Colombia and Venezuela surfaced.

Federal revenues and expenditures were released today. Federal revenues dropped a sizable amount as tax revenues declined and many tax cuts and rebates have been enacted to combat the financial crisis. Meanwhile, federal expenditures soared as a result of the $1 trillion recovery act and other government spending to right the economy and kick-off the new health care system.

H/t to Mr. Moderate...

Regional News

Northeast: Free Highway Access Commission Issues Findings
With the Northeast region’s passage of the Free Highway Access Act of 2009 (https://uselectionatlas.org/FORUM/index.php?topic=90041.0) almost ten months ago, a commission was formed to determine the cost to the region of eliminating all toll roads, a conversion timetable for the removal of toll roads, a gas tax increase to account for road maintenance and reduce gas consumption and a separate conversion timetable for bridge and tunnel tolls.

The Commission has issued the following report outlining their findings:

Financial News

Financial Indicators

• ANSE     899  +9 (1.01%)
• $1 Atlasian = $0.93064 U.S. (-0.00719)
• Crude Oil = $93.72/barrel -1.06 (1.12%)
• Trade Deficit = $690 billion

Analysis:
The ANSE rose as the Senate moved closer to passing a bill dividing regional stimulus based on need, as well as rising investor confidence in SoIA-designate Nik through his answers during confirmation.

The Atlasian Dollar fell as the large Atlasian trade deficit continues to weaken the dollar.

Oil prices fell as demand continued to fall.

The Atlasian trade deficit was reported to have shrunk by $10 billion since mid-August as the weakening dollar and economic recovery of a few key nations has led to increasing exports.

Foreign News

Renewed Violence Breaks Out In Venezuela
After weeks of what appear to be fruitless negotiations between Colombia, Atlasia, Venezuela and Russia, small pockets of guerilla resistance have broken out throughout Venezuela.

Reports and eyewitness accounts indicate that autonomous groups in dispersed towns have begun launching attacks on Colombian forces stationed throughout the countryside. Literature found on the bodies of killed and captured fighters seem to indicate that the groups are inspired by the terrorist organization El Ejército Anti-imperial de América (EAA). However, there does not seem to be any direct links between the guerilla fighters and the group that appeared on the international stage last month with attacks on Atlasian embassies in Colombia and Mexico.

Instead, some experts are arguing that the new violence is made up of small, autonomous "bunches of guys" that radicalize together and proceed to carry out acts of violence. In addition, it is possible that the recent widespread abuses by Colombian forces in Venezuela have led many moderate Venezuelans to seek out radical forms of resistance.

Meanwhile, peace negotiations seem to be stalled on a number of sticking points. Off the record discussions with officials close to the talks indicate that a major point of contention is the future role of Venezuelan President Hugo Chavez.

Financial News

Financial Indicators

• ANSE     894  -5 (0.56%)
• $1 Atlasian = $0.93226 U.S. (+0.00162)
• Crude Oil = $92.53/barrel -1.19 (1.27%)

Analysis:
The ANSE fell as oil providers have taken large hits in over the past week as many worry oil prices are headed way down.

The Atlasian Dollar rose slightly as commodities dropped.

Oil prices fell with demand for oil slipping and the discovery of larger than anticipated oil fields off the coast of Brazil.

Foreign News

Biweekly International Report
Asia
Refugees from an earthquake in Indonesia last week have been moved into makeshift GTO living centers. Meanwhile, the death toll has climbed to over 400 has more bodies are found amidst the rubble and water-borne diseases are spreading throughout the refugee camps.

China has reached a deal with Iran for the sharing of gas-refining technology and construction of a number of gas refineries in Iran.

Middle East
A suicide bomber on a motorcycle killed fifteen in an attempt on a Saudi prince’s life. The royal family has released a statement saying the prince received only minor injuries in the attack.

Palestinian groups Fatah and Hamas, considered a terrorist organization, have reportedly initiated a dialogue on how to properly govern the West Bank and Gaza. Experts are skeptical of any breakthroughs.

Europe
French President Nicolas Sarkozy is under fire after reports that he has named his son head of a prominent government watchdog agency.

Violence broke out in Kosovo as Serbian nationalists attacked stores and bystanders, injuring over a dozen and littering the streets with broken glass.

Africa
Reports have found that almost a quart of a million people have died in the Darfur region since the outbreak of violence there. Many estimate that 2,000,000 have left their homes as a result of attacks. In addition, the report estimates over 10,000 instances of rape, many of which are repeat cases.

A number of militants launched a concerted attack on a busy street in Yemen, killing thirty and injuring almost a hundred people. Eye-witness accounts indicate a combination of suicide attacks, diversionary explosions and automatic weapons.

Americas
Reports of renewed violence in Venezuela are coming through as nationalist irredentist groups begin to resist what is widely being seen as a Colombian occupation. Meanwhile, Colombian President Alvaro Uribe has stated Colombian forces will remain until a treaty is signed and Venezuelan President Hugo Chavez is removed from his post.

Foreign News

War In South America: Act II?
Just weeks after a seemingly quick resolution to the Colombia-Venezuela crisis that had threatened to embroil the region in a major conflict, renewed violence has erupted in Venezuela as the war shifts into a new phase.

Last month, Colombian forces invaded Venezuela after a number of disputes led to border clashes and then all-out war. The military strength of Colombia seemed on full display as forces quickly dispatched with weak Venezuelan defenses and surrounded Caracas, the Venezuelan capital. This striking victory was followed by weeks of negotiations between Colombia, Venezuela, Atlasia and Russia, as the parties sought an agreement to promote stability and address grievances that led to the initial conflict.

While those discussions wore on, however, Colombian troops remained stationed throughout Venezuela to maintain the peace and to prevent resurgent Venezuelan forces. This situation was unsustainable as the days turned into weeks, as Colombian forces began commandeering homes, raiding supermarkets and committing other abuses against Venezuelan citizens.

The abuses, combined with Venezuelan nationalism and large numbers of idle soldiers and government workers, has lead to the emergence of guerilla groups intent on ousting the Colombian soldiers, viewed by an increasingly large number of Venezuelans as an "occupying force." These efforts were bolstered by efforts of the EAA terrorist organization to rile anti-Colombian, anti-Atlasian sentiments. The group has provided information and resources that appear to be linked to almost 80 percent of the attacks thus far on Colombian forces since the end of the war.

It is not yet clear how Colombia plans to or should confront this new environment. Many are calling for Colombia to withdraw from Venezuela and trust that a peace agreement can be signed from behind the border. However, Colombian President Alvaro Uribe has vowed to remain in Venezuela until an agreement is reached and implemented.

GTO member nations seem unsure how to respond to the situation. Few state governments have issued statements on the matter, while most, such as the announcement by Ireland, have been made to reaffirm neutrality, rather than support for a specific course of action.

Financial News

Financial Indicators

• ANSE     877  -17 (1.90%)
• $1 Atlasian = $0.92195 U.S. (-0.01031)
• Crude Oil = $94.27/barrel +1.74 (1.88%)

Analysis:
The ANSE fell, in its biggest daily change in over a week, as national tempers flared and confidence in the government eroded during the weekend's political chaos.

The Atlasian Dollar fell, hit by the double impact of the wide trade deficit and rising commodity prices.

Oil prices rose as renewed violence in Venezuela threatens to destabilize a fragile atmosphere.

Foreign News

Added Forces Fail To Deter Pirates
Despite recent Senate measures to combat piracy off the coast of Somalia, a steady flow of international ships have been hijacked in the Gulf of Aden.

Despite the best efforts of Somalia’s Transitional Federal President Sheikh Sharif Sheikh Ahmed, violence and unrest in the largely lawless state have plagued the government and prevented meaningful gains against the pirate groups. The situation has only been exacerbated as well-armed militias continue to fight in the streets of Mogadishu, Somalia’s capital.

Most tellingly, a group of pirates hijacked a Chinese vessel Sunday over 700 miles away from shore. This example is only one of a number of recent cases of piracy over 500 miles from a coast, perhaps indicating that Somali pirates are becoming more sophisticated, as well as broadening their reach.

It is not yet clear how policy makers will seek to remedy the situation. Many governments have simply opted to pay the ransoms, rather than commit extensive resources to prevention. Others have proposed allowing the crews of these vessels to arm themselves for defense; however, many question whether this could lead to the unnecessary death of crews and an increased militancy among pirates.

Financial News

Financial Indicators

• ANSE     869  -8 (0.91%)
• $1 Atlasian = $0.91452 U.S. (-0.00743)
• Crude Oil = $95.21/barrel +0.94 (1.00%)

Analysis:
The ANSE fell as a sense of caution has set in before elections this weekend.

The Atlasian Dollar fell as oil prices continued to shoot back up.

Oil prices rose as reports of violent outbreaks and attacks against Colombian forces continued to emanate from Venezuela. News of a renewed Colombian offensive have also led investors to worry about the impact of fighting on Venezuela's thus far unaffected oil exports.

No article today due to... life. And the Senate got some numbers on the private prison bill, so here are your financials for today...

Financial News

Financial Indicators

• ANSE     881  +12 (1.38%)
• $1 Atlasian = $0.91191 U.S. (-0.00261)
• Crude Oil = $96.85/barrel +1.64 (1.72%)

Analysis:
The ANSE rose as President Lief signed into law legislation that will apportion funding to the regions based on current economic need. It has not yet been determined how the various regions will use those funds, although the Southeast appears poised to be the first region to act on the matter.

The Atlasian Dollar fell as oil prices continued to shoot up.

Oil prices rose as fears of a second war in Venezuela became increasingly real. A roadside bomb exploded today, the first such attack on Colombian forces in Venezuela, killing five soldiers and injuring seven others.

Foreign News

Biweekly International Report
Asia
Japan's government said it would not sign off on a new military basing agreement with Atlasia until President Lief visits.

Middle East
Islamist groups in Yemen continue to strike at government buildings throughout the country. The Yemeni President has ordered all non-essential personnel to stay home while ramped up security measures are put in place.

As talks between Fatah and Hamas continue, Israel has made clear that any negotiations with the Palestinians must be premised upon unconditional acceptance of the state’s right to exist.

Europe
European heads of state have begun to voice their disappointment at the lack of outreach by Atlasian diplomats and officials, stressing the need for more cooperation between developed nations.

Serbian nationalists continue attacks on neighborhoods in Kosovo as violence threatens to spread to major cities. The death toll from the string of attacks has reach twenty-three.

Africa
Somali pirates attacked two ships within minutes of each other off the coast of East Africa today. A group of pirates took control of a Panamanian-flagged vessel near the Seychelles. Shortly after that pirates began firing on an Italian ship off the Kenyan coast, though that attack was thwarted by a nearby Belgian warship. A report released Wednesday by the International Maritime Bureau shows more pirate attacks in the first nine months of this year than all of last year. However, thanks to the increased military presence in the area, the number of successful attacks has gone down.

Americas
Negotiators in Venezuela have begun to meet in undisclosed locations after a string of uncoordinated “close call” attacks on the Colombian envoys threaten to destabilize the meetings and end talks in violence.

Financial News

Financial Indicators

• ANSE     881  +3 (0.34%)
• $1 Atlasian = $0.90689 U.S. (-0.00502)
• Crude Oil = $96.85/barrel +0.97 (1.00%)

Analysis:
The ANSE rose slightly as investors expressed confidence in the outcome of the presidential election.

The Atlasian Dollar fell as oil prices continued to rise.

Oil prices rose as negotiations in Venezuela came under attack.

Sorry all, crazy week of work. No story again today. Here are the financials...

Financial News

Financial Indicators

• ANSE     876  -5 (0.57%)
• $1 Atlasian = $0.90848 U.S. (+0.00159)
• Crude Oil = $96.54/barrel -0.31 (0.32%)

Analysis:
The ANSE fell as investors unloaded stocks before the election weekend, predicting the usual craziness of the time.

The Atlasian Dollar rose as commodities sank slightly.

Oil prices fell as a new report by an Atlasian watchdog firm found that the nation is one of the best developed countries at limiting carbon output.

Regional News

Northeast Passes Tax Cuts To Boost Recovery
Marking the progress the Northeast has made in recent weeks, as well as its status as the best positioned to weather the current economic crisis, the region was the first to respond to earlier regional budget analyses by the Office of the GM.

With the passage of the Northeast's Economic Recovery Tax Act of 2009 (https://uselectionatlas.org/FORUM/index.php?topic=102877.msg2202131#msg2202131), residents of the region can look forward to a $400 tax credit, in addition to the exclusion of the first $25,000 of unemployment benefits from taxation. These cuts are likely to spare the region's unemployed, a relative pittance compared to the unemployment numbers of other regions, from further pain. They will also promote long-term investment, as well as attempt to stimulate spending.

This Office predicts that the cost of this program, over the 2009 and 2010 tax years, will be a combined total of $20 billion, in addition to decreased revenue due to the state of the economy. Nevertheless, this office recommends that the $7 billion of stimulus funding directed to the region be used to support struggling financial institutions, extend lines of credit or fund infrastructure projects in the region. The economic activity gained from such expenditures far outweigh the need for a balanced budget.

Foreign News

Negotiators Expelled From Venezuela As War Resumes
Colombian and Atlasian negotiators have been forcefully removed from Venezuela, just as SoEA HappyWarrior arrived in Bogota, Colombia with a delegation of European envoys for what was hoped to be a final push for peace.

With the total deterioration of the unsteady situation in Venezuela, fighting has resumed between Colombian forces and ad hoc Venezuelan guerilla forces. Despite the conventional nature of the fighting during the early stages of the war, the subsequent Colombian occupation and reported abuses has resulted in the rise of a less centralized and more ambiguous enemy. Colombia has already ordered house-to-house searches for known threats in the Western provinces where the bulk of its forces are stationed.

Meanwhile, Colombian President Alvaro Uribe has forbidden all diplomatic and humanitarian missions into Venezuela while fighting continues. This has resulted in an uproar from the human rights community, which believe that Colombia has already committed a number of abuses and predict that, without outside supervision, it is more likely that atrocities will occur.

Financial News

Financial Indicators

• ANSE     885  +9 (1.03%)
• $1 Atlasian = $0.89546 U.S. (-0.01302)
• Crude Oil = $98.70/barrel +2.16 (2.24%)

Analysis:
The ANSE rose as investors expressed their confidence that President Lief would continue current policies that have helped stabilize the economy. The boost was also a result of progress made by the regions on GM recommendations to stabilize their economies.

The Atlasian Dollar fell as oil prices rose at a higher rate than any time in the past month.

Oil prices shot up as renewed violence in South America reached new heights with the forced expulsion of negotiators from Venezuela and the revitalization of the war.

Foreign News

BBC: Yemenis intercept 'Iranian ship'
A boat carrying Iranian weapons destined for Yemeni rebels has been intercepted in the Red Sea, local Yemeni officials have said.

The Iranian crew and a cargo of mostly anti-tank shells were seized near Midi an official told the AFP news agency.

Iranian state television quoted "informed sources" denying the story.

The Yemeni central government has not commented but officials have long accused the rebels of receiving Iranian support, a claim Tehran denies.

Iranian state broadcaster al-Alam TV called the incident a "fabrication of the media".

Last week Yemeni President Ali Abdullah Saleh alleged that captured rebels had confessed their funding came from Iranian dignitaries.

But he said he did not accuse the Iranian regime itself.

The AFP new agency quoted a local Yemeni official saying that from preliminary enquiries, five of the Iranians captured on Monday were "instructors" who had planned to deliver weapons and then evacuate wounded Iranians.

The rebels, known as Houthis, say they want greater autonomy and a public role for their version of Shia Islam. They complain their community is discriminated against.

They accuse Saudi Arabia of supporting Sanaa and last week said they had clashed with Saudi forces along the border between the two countries.

Yemeni officials accuse Houthis, who are the majority in the north of Yemen, of wanting to re-establish Shia clerical rule.

On Tuesday a court in Sanaa sentenced four Houthi rebels to death in the third trial of men captured during clashes with government troops north of the capital in 2008. Twelve others have been sentenced to death in earlier trials relating to the fighting.

Houthi rebels first took up arms against the government in 2004.

The government launched a fresh offensive in August 2009 which has precipitated a new wave of intense fighting.

Aid agencies say tens of thousands of people have been displaced.

Financial News

Financial Indicators

• ANSE     885  +14 (1.58%)
• $1 Atlasian = $0.88811 U.S. (-0.00735)
• Crude Oil = $99.91/barrel +1.21 (1.23%)

Analysis:
The ANSE rose as investors have high expectations for tomorrow's LIBOR and other economic numbers. As the government has begun providing loans to small businesses and others in need of short-term credit, businesses are stabilizing and unemployment is projected to begin to decrease as jobs are returned.

The Atlasian Dollar fell as oil prices rose and world markets are returning to equilibrium.

Oil prices approached $100 per barrel as two roadside bombs exploded in Venezuela, killing three Colombian soldiers and injuring five others.

Financial News

Financial Indicators

• ANSE     897  +12 (1.36%)
• $1 Atlasian = $0.89820 U.S. (+0.01009)
• Crude Oil = $100.64/barrel +0.73 (0.73%)
• Libor = 2.28; OIS = 1.61
• Prime Rate = 3.25

Analysis:
The ANSE rose as investors as the LIBOR-OIS split contracted at a greater than expected rate as a result of aggressive government loan and stimulus programs to return credit to norma.

The Atlasian Dollar fell dollar as confidence in the Atlasian economy grew on today's LIBOR numbers.

Oil prices passed $100 for the second time as an explosion in Venezuela forced the temporary cessation of oil refinery at a major output plant.

The split between the London Interbank Offered Rate (LIBOR) and the Overnight Index Swap (OIS) rate is 0.67 and shrinking. The crashing LIBOR indicates that banks believe the other banks they are lending to have a lower risk of defaulting on the loans so they are charging a lower interest rate as a result. It also tells us that the credit markets are functioning much more smoothly than just a few months ago. This is mostly a result of strong actions by the government, including extending lines of credit to small businesses, as well as stimulative spending programs that were able to get off the ground quickly and effectively.

Quite an insane week for me. I will try to do a foreign policy thing tomorrow night. Until then, here is more financials...

Financial News

Financial Indicators

• ANSE     893  -4 (0.45%)
• $1 Atlasian = $0.89389 U.S. (-0.00431)
• Crude Oil = $101.65/barrel +1.01 (1.00%)

Analysis:
The ANSE fell as gains were overtaken by the weekend sell-off.

The Atlasian Dollar fell dollar commodities continued to rise to record highs.

Oil prices continued to rise as the crisis in Venezuela reached a new peak and door-to-door fighting continues.

National News

BREAKING: Blasts Rock New Mexico; Source Not Yet Known
Eyewitness reports have informed the Office of the GM that explosions have erupted in the state of New Mexico. It is not yet clear how many bombs have gone off, nor has any group yet taken responsibility for the attacks.

There also seems to be growing evidence that members of the New Mexico National Guard, previously deactivated, have sealed the borders into the state.

Additional details will be provided as this matter unfolds.

National News

BREAKING: WMS Declares New Mexico Independence
Local news outlets in New Mexico are reporting that the attack from earlier today, in which a bomb tore through the Pacific Regional Government Offices in Albuquerque, New Mexico were orchestrated by the Revolutionary Army of New Mexico, previously believed to be defunct.

The attack has killed two and injured fifteen at the time of this report. Reports indicate that the potential attack was phoned in by an anonymous source fifteen minutes before the explosion, leading to the lower than expected casualty rate.

At the head of the RANM is suspected to be WMS, a former Senator for the Pacific region and Secretary of State, who has been in exile ever since his previous attempt to declare New Mexico independent of the Pacific and join it with the Midwest region nearly two years ago. It appears that since that time, WMS has gathered with a number of leaders from the earlier effort to form the RANM.

The group has described the attack as a "warning to the oppressive authorities of the Pacific" and declared that the borders of New Mexico have been sealed by the New Mexico National Guard, which has been activated for “security purposes.” In addition, RANM has made clear that all payments of tax revenues to the Pacific Government will cease immediately and toll roads will be established for all traffic to and from the Pacific.

It is not yet clear how President Lief will respond to this act of terror, nor how Al, who first reported WMS's return (https://uselectionatlas.org/FORUM/index.php?topic=104484.0), may be implicated.

Yesterday's financials...

Financial News

Financial Indicators

• ANSE     878  -15 (1.68%)
• $1 Atlasian = $0.90296 U.S. (+0.00907)
• Crude Oil = $99.83/barrel -1.82 (1.79%)

Analysis:
The ANSE fell as investors questioned what actions President Lief would take to address the actions in Mexico.

The Atlasian Dollar fell rose as commodity prices fell significantly.

Oil prices dropped as Colombian forces routed an ad hoc Venezuela force, killing many of the top leaders of the guerilla movement. Colombian aerial attacks also reportedly killed one of the top leaders of the EA terrorist organization.

National News

Acting President Bacon King Prepares To Retake NM
Just a day after RANM forces bombed a Pacific Government Regional Office in New Mexico, acting President Bacon King has stepped up pressure to defeat the group and reassert Atlasian authority in the Pacific state.

Calling New Mexico "an indissoluble part of this country," acting President Bacon King ordered Atlasian force to prepare for a possible invasion to root out RANM forces and other sympathetic groups. However, Bacon King did not only threaten to exert the fist of Atlasia; in addition, the acting President has extended an offer of amnesty to any RANM forces that lay down their arms.

Already it has become apparent that some members of RANM, especially from the New Mexico National Guard, are taking up the acting President on his offer. In fact, there are reports that local police and national guard forces are cooperating to detain or kill commanders of the movement that have entered the state since yesterday.

In addition, residents of New Mexico that still support Pacific governance have begun hanging Pacific region flags out their windows in a show of solidarity.

It is not yet clear whether WMS, the mastermind of yesterday's attack, is in the country. An investigation may also be opened soon to determine what involvement recent presidential contender Al had with RANM and WMS.

Regional News

Biweekly Regional Report
Mideast
With massive unemployment and a large deficit in the region, struggling industries and diving tax revenues, the Mideast must form a financial package to help begin the recovery in the region, in addition to utilizing the billions in federal funds distributed directly to the region.

Weather experts are expecting a particularly brutal winter for the Mideast region. It is recommended that the region use parts of its stimulus funds devoted to infrastructure projects in order to partially subsidize insulation projects for homes, modeled on the Midwest's similar proposition.

Midwestt
Midwest farmers are suffering as prices for agricultural goods fall and unemployment rises. It is recommended that legislation to help farmers be considered for this round of propositions.

The Midwest's High School Physical Education Act is being prepared to go into effect at the start of next semester. Schools are anticipating no significant problems, although some Parent-Teacher Associations are having difficulty forming programs that balance the wishes of religious parents with those of educators.

Northeast
With many kinks worked out in their Assembly, with others currently being worked out, the Northeast's legislature seems to be humming along nicely. The region is the first to pass legislation addressing the economic recession and is likely to emerge largely unscathed.

Pacific
Despite attempts by some, the Pacific legislature, specifically, and region, in general, remains largely inactive, so far unable to begin a vote on an economic package to keep the region afloat in the economic crisis.

In addition, the region's government is beginning to face problems as it tries to pay the large number of bureaucratic institutions in the region. It is recommended that legislation be passed to allow Pacific residents to consolidate and remove various layers of local government in the region.

Southeast
The Southeast, despite an apparent jamming of activity due to a proliferation of lawsuits, is now the first region to explicitly apportion its region-specific stimulus funds. This will greatly hep the region pull through the current economic crisis.

National News

Federal Troops Advance Into New Mexico
Quickly assessing the situation in New Mexico, acting President Bacon King has ordered federal troops to advance into New Mexico to defeat the Revolutionary Army of New Mexico and reestablish Atlasian sovereignty over the state.

Using easily accessible highways and thruways, Atlasian forces have surrounded Albuquerque, where RANM appears to be based, and are preparing contingency operations to root out RANM's base of operations. Nex Mexican National Guard troops and local police have laid down their arms and are reported to be providing logistical support to the Atlasian military.

Meanwhile, some experts are questioning the use of federal troops without express permission of the Senate. However, sources within the administration argue that the sudden and pressing nature of the conflict require an immediate response and that no outright military actions have yet been taken.

Economic News

FT: US Factory Orders Rebound In September
New orders for manufactured goods rebounded 0.9 per cent in September, wiping out August’s decline, a day after manufacturing industry reports bolstered hopes for the global economic recovery.

“The manufacturing sector is likely to expand beyond the revival from autos and should benefit greatly from a weak dollar and a recovering global economy,” said Joseph Brusuelas, director of Moody’s Economy.com. “The fact that we observed an improvement in orders while inventories are still being slashed bodes well for future production.”

The manufacturing order gains were divided between a 1.4 per cent increase in orders for durable goods and a 0.6 per cent increase in orders for non-durable goods.

Durable goods orders were boosted by a 7.9 per cent increase in machinery, but remain below their July level after a 2.7 per cent decline in August spurred by the end of the cash-for-clunkers programme.

Manufacturing inventories extended their declines, falling by 1 per cent. Backlogs also continued to fall, with unfilled orders entering their twelfth consecutive month of declines, dropping 0.4 per cent.

Non-defense capital goods orders excluding aircraft rose 1.8 per cent in September after falling for the previous two months.

“Today’s reported gain for September puts things back on track after the disappointing results recorded in the preceding two months,” said Joshua Shapiro, chief economist at MFR, who expects capital goods orders to recover to their year ago levels by late this year.

The numbers come a day after the Institute for Supply Management said that manufacturing activity had expanded in October at its fastest rate since April 2006, and showed a surprise increase in employment. The unexpected data bolstered the view that the manufacturing sector, and the broader US economy, may be returning to sustainable growth.

Financial News

Financial Indicators

• ANSE     897  +19 (2.16%)
• $1 Atlasian = $0.90066 U.S. (-0.00230)
• Crude Oil = $98.79/barrel -1.04 (1.04%)

Analysis:
The ANSE got a boost as investors largely approve of Bacon King's current stint as acting President of Atlasia, especially his handling of the crisis in New Mexico. In addition, recent regional reports and economic numbers show a general uptick in the Atlasian fiscal situation.

The Atlasian Dollar fell slightly, with further losses largely scaled back by dropping commodity prices.

Oil prices continued to decline sharply as demand has dropped considerably. Meanwhile, Colombia forces continue to rout small Venezuelan resistance militias throughout the country as troops continue eastward to defeat remaining pockets of pro-Chavez groups.

Financial News

Financial Indicators

• ANSE     903  +6 (0.67%)
• $1 Atlasian = $0.89639 U.S. (-0.00427)
• Crude Oil = $98.15/barrel -0.64 (0.65%)

Analysis:
The ANSE rose as prospects for the next Senate rose and the economic outlook improved. Investors continue to support acting President Bacon King as he seeks to reconsolidate Atlasian control over New Mexico.

The Atlasian Dollar continued falling as a few countries sold portions of their Dollar reserves for gold.

Oil prices declined, but at a slower pace, and demand consistently declines due to high prices.

National News

Atlasian Forces Begin To Retake Albuquerque
As promised, acting President Bacon King ordered the Atlasian military, which had been surrounding New Mexico's largest city, to enter the city and kill or detain RANM leaders cooped up within.

The offensive came after hours of leafletting by the military to alert any potential combatants of the amnesty initiative launched by the acting President. Throughout the day-long siege of New Mexico, streams of residents and a number of RANM militants exited the city, laying down their arms.

So far the Atlasian troops have met little resistance, although a few firefights have broken out as they move towards the West side of Albuquerque, where the majority of RANM forces are believed to be in hiding. There have been no casualties reported, while a number of militants have been killed so far.

Financial News

Financial Indicators

• ANSE     911 +8 (0.89%)
• $1 Atlasian = $0.89247 U.S. (+0.00392)
• Crude Oil = $96.95/barrel -1.20 (1.22%)

Analysis:
The ANSE rose for the third straight day as the new Senate swears in today for what many hope to be a productive term.

The Atlasian Dollar rose as commodity prices continued to plummet and as investors gained renewed confidence in the economy.

Oil prices continued their sharp decline as reality has set in and demand continues to crumble. Meanwhile, the situation in Venezuela seems to have calmed once again as Colombian forces have defeated the last known stronghold of resistance fighters.

Foreign News

Biweekly International Report
Asia
Japan's government has tabled a new military basing agreement with Atlasia, citing neglect by President Lief.

New Indian forces were seen heading towards the Kashmir border, as officials cite Pakistani provocations and the need for self-defense.

Middle East
Saudi Arabian forces have responded with air strikes against Yemeni terrorist forces that crossed the border to avoid confrontations with Yemen's military. In addition, there are reports of Saudi forces entering the mountainous border region to root out persistent pockets of militants.

Palestinian President Mahmoud Abbas has said he will not seek re-election when his current term expires. He cited lack of Atlasian follow-up after the passage of the Middle East Peace Act of 2009, which resulted in no clear progress on even the most minor issues of the peace process.

Europe
European heads of state have continued to voice their disappointment at the lack of outreach by Atlasian diplomats and officials, stressing the need for more cooperation between developed nations. Some experts note the decline of Atlasian soft power throughout the world as the nation is shrouded in isolationism.

Africa
A joint operation on the coast of Somalia is believed to have disrupted one of the largest pirate networks in the country. Officials warn against complacency, stressing the persistence of such groups even after attacks said to be devastating to their infrastructure; however, other experts are indicating that this could be a turning point in the fight against piracy in the region.

Americas
Reports indicate that elite Colombian forces have surrounded the underground bunker of Venezuelan President Hugo Chavez, cutting off all electricity, water and communication with the outside. Colombian sources said that they have been prepared to take Chavez for weeks, but only moved recently due to new evidence linking the Venezuelan leader to the EAA terrorist organization.

National News

Atlasian Forces Clear Most Of Albuquerque
After a weekend of fighting in New Mexico's largest city, Atlasian forces have cleared almost 80 percent of the streets and buildings and are closing in on the RANM stronghold in the west of the city.

With continued support from President Lief, soldiers have systematically cleared portions of Albuquerque with relatively little resistance. At many points, RANM forces laid arms on the street, awaiting the arrival of Atlasian forces to surrender and ask for amnesty. In a few areas, brief fighting has broken out with staunch RANM forces, but it appears that the militants are poorly trained.

The Atlasian military is reporting that five soldiers have been killed and 32 wounded during the operation.

Now troops approach the more RANM-supporting areas of the city. There has been some talk of laying siege to the remaining areas, waiting out the RANM leadership. Others note that almost five hundred innocent civilians remain in that portion of the city, while others point to the massive stores of food and water that RANM was able to establish before their attack.

Financial News

Financial Indicators

• ANSE     906 -5 (0.55%)
• $1 Atlasian = $0.88209 U.S. (-0.01038)
• Crude Oil = $95.92/barrel -1.03 (1.06%)

Analysis:
The ANSE fell after an up week as some regions seemed to have had false starts on acting to fix their economies. The Mideast has yet to unveil its economic package, while the Pacific continues to battle inertia on its own measures.

The Atlasian Dollar fell as a group of developing nations called for the end of "dollar hegemony" on the world stage.

Oil prices declined as Atlasians have clearly begun to move away from record-high prices at the pump. The fall has also been bolstered by reports coming from Venezuela, which indicate rapid movement by Colombia to put in place a new government under Vice President Ramón Carrizales, seen to be far less radical than President Hugo Chavez, who has been detained by Colombian elite forces.

Regional News

Biweekly Regional Report
Mideast
The Office of the GM has acquired leaked copies of the pending Mideast financial package, to be proposed sometime in the next week. An analysis of the measures indicate a substantive move to address unemployment and crumbling consumer demand, as well as the use of most of the $32 billion in direct stimulus funds in the first year of the package.

Midwestt
The likely passage of the Farmer Tax Relief Act is a step in the right direction for addressing the stumbling agricultural industry of the Midwest. However, a more comprehensive and nuanced package, one that can serve as a long-term measure, rather than a short-term patch, should be hashed out for the next proposition round.

The Keep Our Houses Warm Act, which will likely pass in the coming days, will greatly help residents of the Midwest cope with the coming winter, which experts are predicting will be the most brutal in decades.

Northeast
While passing substantive reforms for regional governance, the Northeast's Assembly seems to have become bogged down recently in substance-less discussion and debates over protocol. The Office of the GM recommends a revision of the legislature's SOAP to both ensure clarity and efficiency.

A new study released shows the Northeast badly trailing the other regions in both the number of green initiatives being funded, as well as the number of pending environmental and green projects. It is recommended that the region focus some funding towards incentives for the creation of so-called "green" jobs.

Pacific
The region could benefit from legislation to allow Pacific residents to consolidate and remove various layers of local government in the region to remove the heavy tax burden imposed by overlapping bureaucracy.

Formerly known as the center for livestock production, many slaughter and meat-production factories, specifically Kosher and Hallal, have closed shop in the Pacific due to legal restrictions imposed by the Humane Farming Practices Act. This had led to the loss of thousands of jobs as plants move to the neighboring Midwest to continue operations.

Southeast
The region is most in need of legislation to prepare for the next hurricane season, as various safety measures in Florida and the Gulf of Mexico coast states are outdated and are in need of repair or reconstruction.

Financial News

Financial Indicators

• ANSE     914 +8 (0.88%)
• $1 Atlasian = $0.87617 U.S. (-0.00592)
• Crude Oil = $96.28/barrel +0.36 (0.38%)

Analysis:
The ANSE rose as the economic outlook for Atlasia improved and investors have expressed greater confidence than anytime in the last year. Overnight futures have responded especially strongly to the leaking of the Mideast's proposed recovery measures.

The Atlasian Dollar continued to fall, sparking international worries that it was becoming increasingly costly to export to Atlasia.

Oil prices rose slightly as Saudi Arabia escalated attacks against Houthi militants crossing the border from Yemen. Some worried that the violence could spread to other areas of the country, possibly disrupting oil production.

Financial News

Financial Indicators

• ANSE     925 +11 (1.20%)
• $1 Atlasian = $0.88363 U.S. (+0.00746)
• Crude Oil = $94.46/barrel -1.82 (1.89%)

Analysis:
The ANSE got a large boost due to high expectations for tomorrow's housing numbers, as well as the official introduction of the Mideast's economic recovery package.

The Atlasian Dollar rose as commodities fell sharply and economic prospects for Atlasia improved.

Oil prices continued to plummet as tensions in Venezuela seemed to have once again eased and global demand continues to wane at such high prices at the pump.

For reference to previous numbers, click here (https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2145386#msg2145386)

Economic News

Housing Data Shows Mixed Bag

Housing Starts	Units (in thousands)
September 2009	31.9
October 2009	39.8
November 2009	42.7

New One-Family Houses Sold	Units (in thousands)
September 2009	24
October 2009	29
November 2009	31

New One-Family Houses for Sale	Units (in thousands)
September 2009	340
October 2009	324
November 2009	311

Price of New One-Family House	Median ($A)	Average ($A)
September 2009	208,600	245,200
October 2009	209,700	258,600
November 2009	205,100	259,800

2009 Q3 Price of New One-Family House by Region	Median ($A)	Average ($A)
Pacific	274,300	311,000
Northeast	314,800	370,600
Mideast	193,200	219,600
Midwest	187,100	227,900
Southeast	189,300	234,500
National	208,400	257,000

National News

RANM Defectors Leave Besieged Albuquerque
()
AP: Atlasian soldiers lead away members of RANM after the militants laid down their arms.

Atlasian forces have laid siege to a square mile in the Western side of Albuquerque as they seek to flush out RANM leaders holed up inside. The strategy, seeking to minimize military and civilian casualties, has so far seemed to work, as a steady stream of militant defectors have surrendered to Atlasian soldiers.

The choice for a more prolonged, yet cautious strategy comes on the heels of a less confrontational Atlasian government, which will soon need to begin considering how to restore the war-torn city at the heart of New Mexico. A collaborative effort by the federal and Pacific government is necessary to ease the return of residents to their homes, as well as ensure lasting security.

Foreign News

Biweekly International Report
Asia
Japan has reported GDP growth of 1.2% in the third quarter of 2009, the fastest pace in over two years. However, some warn of growing risks of deflation and unsustainable growth in the long-term.

A suicide bomber attacked a Pakistani intelligence office in Peshawar, killing 9.

Middle East
Despite Saudi Arabia's attempts to fight Yemeni Houthi rebels exclusively on its own territory, the Kingdom is finding it increasingly difficult to pursue a proper national security counter-attack that stops at the border. Meanwhile, tensions between Saudi Arabia and Yemen have surfaced, with Yemen's President Ali Abdullah Saleh rejecting Saudi requests to form a cooperative counter-insurgency strategy.

Palestinian officials said they might appeal for the GTO to unilaterally declare Palestinian statehood.

Europe
European officials, somewhat eased by the visit of SoEA HappyWarrior today, still appear frustrated at the lack of access to President Lief thus far. Some are vocally questioning Atlasia's commitment to solving global issues through multilateral channels.

With the final passage of the Lisbon Treaty in the Czech Republic, a fast-paced campaign has emerged to decide who will serve as the President of the European Union.

All the countries invited to join the GTO, including some last minute holdouts, appear to have accepted the opportunity to join the treaty group. The success of Colombia in its war against Venezuela seems to have been the deal-maker for Argentina, who many experts believed would not sign the treaty.

Africa
Experts in Africa have started a petition calling for the revamping of Atlasian foreign aid, which they call both inadequate and "overly bureaucratic." The petition has so far gathered over 1,000 signatures, including many leaders in the foreign aid community.

Americas
The detention of former Venezuelan President Hugo Chavez by Colombian forces has resulted in confusion throughout the region. Some countries, such as Argentina, seem to have quickly moved to improve relations with Colombia and Atlasia after the news, while Brazil has, thus far, remained weary of endorsing Colombia's actions.

In related news, Colombian President Alvaro Uribe has sent an official request to the GTO asking for the body's World Justice Court (WJC) to try Mr. Chavez for war crimes and crimes against humanity. For such a case to be initiated, a two-thirds majority of all member nations would have to vote in the affirmative.

Working on a paper and gave you all two stories last night, but forgot financials. So to make up for it, today you get only financials... :P

Financial News

Financial Indicators

• ANSE     931 +6 (0.65%)
• $1 Atlasian = $0.87345 U.S. (-0.01018)
• Crude Oil = $93.94/barrel -0.52 (0.55%)

Analysis:
The ANSE continued to rise as economic indicators appear to be strengthening. In addition, many believe that Senator NCYank is close to releasing a credit market regulation bill to the Senate in the coming days.

The Atlasian Dollar fell as a result of the large Atlasian trade deficit. Officials in China and the European Union have begun to voice concern about the falling A$, urging policy makers to take needed measures to slow its decline.

Oil prices fell as demand for the commodity has sharply declined in recent weeks.

National News

Recession Linked To Domestic Food Crisis
Nearly 50 million Atlasians are going hungry, according to a report detailing the toll that the faltering economy has taken on Atlasian families.

The percentage of households with "low" or "very low" food security rose in 2008 to 14.6 percent, up from 11.1 percent in 2007. Nearly 17 million children, or more than one-fifth, lived in households that found food scarce during 2008—4 million more than in 2007, according to the report released Monday by the Department of Internal Affairs.

Though rising poverty and unemployment foretold some increase in hunger, the magnitude of the increase in food shortages identified in the report startled even the nation's leading anti-poverty experts.

Headache and very busy of late, so just financials today...

Financial News

Financial Indicators

• ANSE     924 -7 (0.75%)
• $1 Atlasian = $0.87616 U.S. (+0.00271)
• Crude Oil = $92.69/barrel -1.25 (1.33%)

Analysis:
The ANSE fell as the nation tensely awaited what some predict will be political chaos. So far, all parties seem to have remained relatively stable.

The Atlasian Dollar rose slightly as commodities took a big hit today.

Oil prices fell sharply as Colombian forces have begun to withdraw from Venezuela. The new government of Venezuela has signaled a renewed commitment to global cooperation and is currently in bilateral negotiations with Colombia on a treaty to officially bring the war to a close.

Foreign News

China Makes Sudden Move On Trade Tariffs
In an unexpected move likely to elicit a strong reaction from Atlasia, China has announced it will begin taking steps toward imposing tariffs on Atlasian exports of automotive products and chicken meat.

The move comes as China seeks to shield local manufacturers from the cheap influx of Atlasian goods, according to Xinhua, the official state news agency. This is especially important as Chinese demand for cars and other automobiles grows and as Chinese manufacturers attempt to compete.

The Office of the GM estimates that in the first eleven months of 2009, Atlasia shipped about $1.25 billion in automotive products and $591 million in chicken meat to China.

National News

From the GM’s Desk: Legislation Analysis
New Mexico Reconstruction Bill: This legislation, sponsored by Senator Franzl (AL-DA) on behalf of SoIA NiK, seeks to aid in the restoration of New Mexico, specifically the city of Albuquerque, after the Atlasian military's battles with the RANM.

The current bill apportions a total of $17 million for the reconstruction effort, which, while well intentioned, must be drastically increased to have the desired effect. While portions of Albuquerque were left largely unscathed, much of the western side of the city has been ravaged by the fighting. Buildings, including schools, hospitals and public utilities, as well as residential and commercial locations were bombarded or razed in the effort to defeat the terrorist organization.

The rebuilding of Albuquerque is estimated to require anywhere between $1 billion to $5 billion, depending on the extent to which law makers wish to restore the city. The lower end of the scale represents the reconstruction of basic infrastructure, such as roads, bridges, hospitals, schools, etc. The higher end includes residential and commercial reconstruction, as well as funding to restore the tourist and leisure industry in the state.

Other options along the spectrum are available at the request of senators or the President.

Financial News

Financial Indicators

• ANSE     928 +4 (0.43%)
• $1 Atlasian = $0.87113 U.S. (-0.00503)
• Crude Oil = $92.04/barrel -0.65 (0.70%)

Analysis:
The ANSE rose slightly as the Mideast, the region hit hardest by the economic recession, passed the Save the Sinking That Is Our Economy Act, which now simply requires the signature of the governor to go into effect. Experts predict slight contraction in the next GDP report and possible growth after that.

The Atlasian Dollar fell as the global economy showed signs of recovery and interest rates remained low.

Oil prices fell as demand continued to fall.

Sorry all, got on late last night and then my internet bugged out before I could post. Here are yesterday's financial news...

Financial News

Financial Indicators

• ANSE     935 +7 (0.75%)
• $1 Atlasian = $0.87530 U.S. (+0.00417)
• Crude Oil = $91.31/barrel -0.73 (0.79%)

Analysis:
The ANSE rose slightly as excitement abounds over both the impending Senate elections and guessing who will be the next Chief Justice of the Atlasian Supreme Court. No leaks or rumors have occurred yet, but many are beginning to discuss who is qualified to hold this prestigious seat.

The Atlasian Dollar rose on weakening commodities.

Oil prices continued their fall as the price correction occurs globally.

National News

From the GM’s Desk: Legislation Analysis
Fiscal Responsibility Bill: This legislation, sponsored by Senator Marokai Blue (JCP), seeks to streamline and restructure Atlasian income tax brackets.

The current bill would create new brackets for individual's income above $367,700, $1 million and $2.5 million, respectively. This would equate with a tax rate increase for the higher brackets and a tax rate decrease for the lowest brackets, with most rates remaining the same.

Previous estimates by the Office of the GM calculated between $250 billion and $600 billion in gained revenue as a result of these changes. Given the overall nature of marginal income tax, as well as the relative revenue gained through individual, rather than corporate, income taxes, the office is now prepared to predict a total revenue in-flow of $500 billion as a result of the new taxation brackets.

This would greatly help in reducing the budget deficit over the coming years. In conjunction with eventual spending cuts and other tax reforms, the Atlasian budget could reach neutrality in two years and bring the debt to zero shortly after a ten year time horizon.

Financial News

Financial Indicators

• ANSE     921 -14 (1.50%)
• $1 Atlasian = $0.87793 U.S. (+0.00263)
• Crude Oil = $90.28/barrel -1.03 (1.13%)

Analysis:
The ANSE fell as the Senate neared the passage of a new income tax restructuring bill and Sen. NCY introduced his financial regulation package. Proponents of both bills argue that they are seeking to solidify the nation's economic foundations and shore up current deficiencies; however, investors worry that the government may overreach in attempting to address the roots of the financial crisis from which the nation is emerging.

The Atlasian Dollar rose as the Senate neared passage of an income tax bill that is projected to help reduce the deficit.

Oil prices continued their fall as supply continues to outpace demand.

Sorry this is late everyone. Note that I am now including the national unemployment number as well, based on the unemployment of each region weighted by its population size. If you have any questions on how I arrived at that number, please ask.

Regional News

Employment Information by Region
The following lists the top three industries in each region in order:
Northeast = Service; Trade and Transportation; Government
Mideast =Manufacturing; Trade and Transportation; Government
Southeast = Manufacturing; Trade and Transportation; Agriculture
Midwest = Manufacturing; Agriculture; Health
Pacific = Government; Trade and Transportation; Education

The following lists the unemployment rate in each region (previous number in parentheses):
Northeast = 6.9% (7.1%)
Mideast = 17.8% (19.2%)
Southeast = 13% (15%)
Midwest = 13.2% (13.8%)
Pacific = 7% (7.3%)
National = 8.68%

The following is the breakdown of unionization figures in Atlasia by region:
Northeast = 16%
Mideast = 19%
Southeast = 11%
Midwest = 17%
Pacific = 21%

Economic and Financial News

Atlasian Consumer Spending Poll Marks Stabilization
A prominent survey group released data today marking the stabilization of consumer spending among Atlasian households.

The consumer spending measure tracks the average dollar amount Atlasians report spending or charging on a daily basis, not counting the purchase of a home, motor vehicle, or normal household bills. Respondents were asked to reflect on the day prior to being surveyed and results were provided in both a 3-day and 14-day rolling average.

The 3-day rolling average for November 5, 2009 was $61, with the 14-day rolling average only slightly higher at $63. This is compared with a 3-day and 14-day average of $64 and $62, respectively, one month prior, as well as a 3-day average of $67 and a 14-day average of $109 exactly one year earlier.

The stabilization reflects slow growth and normalization in consumer confidence in the economy, as many Atlasians are regaining confidence in the ability of the federal government to handle the current crisis. It also marks the growing propensity to begin saving among Atlasians after the economy tanked earlier in the year.

Foreign News

Biweekly International Report
Asia
Hundreds protested in the streets of Taipei, furious at the exclusion of Taiwan from the 2009 Foreign Policy Review Bill recently passed by the Atlasian Senate. The Taiwanese government has not yet put out a statement.

The Philippine government and the separatist Moro Islamic Liberation front have restarted peace talks.

Middle East
Campuses across Iran have erupted into anti-regime demonstrations. They are now more widespread than the demonstrations that followed last summer's elections.

Palestinian rocket attacks from Gaza led Israeli helicopters to bomb three tunnels between Gaza and Egypt.

Europe
French President Nicolas Sarkozy made the most direct attack on President Lief to date, calling on the Atlasian leader to do more to reassure European allies.

The EU is debating a controversial proposal to recognize East Jerusalem as the capital of a Palestinian state.

Africa
Experts in Africa have upped pressure on developed countries to revamp foreign aid measures, which they call both inadequate and "overly bureaucratic." They have gathered a petition which has gathered over 5,000 signatures, including many leaders in the foreign aid, government and diplomacy communities.

Americas
The GTO begins consideration of Colombian PResident Alvaro Uribe's request for the body's World Justice Court (WJC) to try former Venezuelan President Hugo Chavez for war crimes and crimes against humanity. For such a case to be initiated, a two-thirds majority of all member nations would have to vote in the affirmative.

Despite Atlasia's constructive and strong role in the recent war between Colombia and Venezuela, a new study finds Atlasian influence and "soft power" in South America waning as regional powers emerge and Atlasian isolationism is on the rise.

Financial News

Financial Indicators

• ANSE     908 -13 (1.41%)
• $1 Atlasian = $0.88297 U.S. (+0.00504)
• Crude Oil = $88.42/barrel -1.86 (2.06%)

Analysis:
The ANSE fell sharply as the national unrest grew leading into the elections. The tensions were heightened by the stakes of the current elections, with only two incumbents running for re-election, in-again out-again candidacies and the absence of the Secretary of Forum Affairs.

The Atlasian Dollar rose as the Senate passage an income tax bill that is projected to help reduce the deficit.

Oil prices continued to fall at a greater pace as supply continues to outpace demand.

Foreign News

Letter: To President Lief; From Premier Wu Den-yih
The following letter was sent by the newly-elected premier of Taiwan, Wu Den-yih, to President Lief.

To the Honorable President Lief:

I write to you today distressed by the recent turn in Taiwanese-Atlasian relations, but empowered by the will of the people of Taiwan.

Your Senate has recently passed the 2009 Foreign Policy Review Bill (https://uselectionatlas.org/FORUM/index.php?topic=105932.0), a wide-ranging outline of relations with your fellow nations of the world. But in a glaring omission, the Republic of China has been excluded from this review.

Whether this action was purposeful or not, it is a powerful and dangerous message you are sending to those who oppose our independence. I urge you to veto this bill before it is too late and stay true to the intent of the Pacific Defense and Taiwanese Protection Act (https://uselectionatlas.org/AFEWIKI/index.php/Pacific_Defense_and_Taiwanese_Protection_Act), passed just four years ago.

Sincerely,
Wu Den-yih

Financial News

Financial Indicators

• ANSE     901 -7 (0.77%)
• $1 Atlasian = $0.88938 U.S. (+0.00641)
• Crude Oil = $87.48/barrel -0.94 (1.06%)

Analysis:
The ANSE continued its falling trend as the federal government underwent a reshuffling and businesses worried about what impact financial regulation would have on the system.

The Atlasian Dollar rose as the global economy continued to improve.

Oil prices continued to fall at a greater pace as supply continues to outpace demand.

Financial News

Financial Indicators

• ANSE     896 -5 (0.55%)
• $1 Atlasian = $0.88504 U.S. (-0.00434)
• Crude Oil = $88.09/barrel +0.61 (0.70%)

Analysis:
The ANSE fell as the government underwent further transformation and the Senate shrank to only seven members.

The Atlasian Dollar fell as global trade imbalances persist. The President and Senate should begin to focus on correcting trade and currency imbalances in the next term.

Oil prices saw a rise after a long string of decreases.

National News

From the GM’s Desk: Legislation Analysis
Financial Regulatory Reform Bill of 2009 §3(c): Per the GM's understanding of §3(c) of this bill, sponsored by Senator North Carolina Yankee (RPP), the following analysis addresses capital requirements at financial institutions.

The current bill would require any investment bank or hedge fund in Atlasia to hold 25% of their capital as tangible, on-hand assets. A pending amendment may expand this to additional banks and other entities.

If implemented, this policy would have a number of effects. First, it would make hedge fund manipulations, such as Ponzi schemes, much easier to detect early. On the other hand, it would limit profits and investments by investment banks and hedge funds. In addition, if the pending amendment is implemented with no changes, this clause would essentially force the breaking apart of larger, so-called "too big to fail" banks into smaller spin-offs.

In either scenario, the Office of the GM believes that 25% is too high for hedge funds and investment banks, while the current level is too low for other financial institutions. Investment banks and hedge funds undoubtedly need capital requirements; however, wrapping up one-fourth of their resources in easily accessible assets would greatly impinge on their ability to operate. Meanwhile, if the Senate wishes to level the playing field between bigger banks, that have an implicit, or explicit, federal guarantee on their debt that lowers their cost of capital, giving them a permanent competitive advantage, the maximum the capital requirements ratio would have to be raised to is 15% directed at all financial institutions that have the implied federal guarantee. It would also be effective, at varying degrees, at 10% to 12%.

It should be stressed that this ratio should only be targeted at financial institutions that have implied federal guarantees. The ratio for smaller banks that do not have this advantage should remain at 8%.

In short, the intent of the Senate should dictate the number in this section. The higher the percentage, the harder it will be for larger banks to effectively loan money, while lower percentages will allow for banks to make more, albeit riskier, investments.

Foreign News

Taiwan Decision Spurs Protests
Protests and riots have broken out around China as citizens seek to pressure their government to act against Taiwan.

The protests started in reaction to Atlasian President Lief's decision to veto and amend the Foreign Policy Review Bill of 2009 to include Taiwan. The bill was subsequently amended and signed by acting President Bacon King.

Chinese Premier Wen Jiabao came out with a sharply worded statement shortly after Lief's decision to include Taiwan, stating, "China remains steadfastly committed to the notion of 'one China' and, as such, are deeply disturbed by President Lief's decision on Taiwan." The comments spurred additional protests in Beijing and Shanghai. President Hu Jintao has not yet publicly commented.

Many worry how China will react if public pressure remains mobilized. It was more than a decade ago that similar protests to the President of Taiwan's visit to Atlasia spurred the 1995-1996 Taiwan Strait Crisis, in which China launched hundreds of missiles off either side of Taiwan.

Regional News

Biweekly Regional Report
Mideast
A major winter storm, likely to break all modern records for snow fall, is likely to hit the Mideast particularly hard in the next three days. Allocation of substantive funding to help the region weather the storm is recommended.

Midwest
The Midwest has seen a recent uptick in the crime rate, especially in violent crimes, as the government seems to have collapsed under its own weight. Reform of the police force is needed, offset by taxes, to ensure future stability.

Northeast
A major winter storm, likely to break all modern records for snow fall, is likely to hit the Northeast particularly hard in the next four days. Allocation of substantive funding to help the region weather the storm is recommended.

With the economic recovery on track and unemployment continuing to fall, the Northeast should consider ways to rebalance its budget, which now faces a $5 billion deficit

Pacific
The Pacific has seen a rapid influx of illegal immigrants, predominantly from East Asia and Mexico, as security at the border and ports have faltered over the past year. Research of the issue and implementation of new training and security protocols is necessary to maintain the integrity and protection of the region and nation.

Southeast
In contrast to the Pacific region, the Southeast has failed to exert proper authority over certain areas, resulting in lower-than-expected tax revenue and non-compliance with various statutes. Enforcement protections or expanded bureaucracy would help address this situation, but would require adequate revenue to fund the expansion.

Regional News

Midwest Law Enforcement Reform Recommendations
As a follow up to the following:

The Office of the GM recommends a number of possible approaches, to be mix and matched at the discretion of the region, to address the rise in crime...
1. Hire an addition 6,000 to 10,000 law enforcement agents.
2. Increase training for responding to and following up on violent crimes.
3. Adopt a more systematic approach to mapping crime geographically and temporally.
4. Adopt an effective strategy for law enforcement (e.g. "Broken Windows") to properly combat crime.

The cost of the chosen reforms varies based on the options included in a reform package, but would range from $750 million for a minimalist approach to $10 billion for a more comprehensive plan, which should be offset by revenue enhancements or spending cuts in order to maintain a balanced budget.

Regional News

Southeast Tax Enforcement Reform Recommendations
As a follow up to the following:

The Office of the GM recommends a number of possible approaches, to be mix and matched at the discretion of the region, to address the issue...
1. Integrate local governments more closely with the regional government through statutory checks on local power.
2. Stricter tax enforcement laws, including harsher punishments for delinquency or more sustained collection initiatives.
3. Creation of a temporary tax amnesty program as a means of enticing offenders to come forward and pay their fair share.

The cost of the chosen reforms varies based on the options included in a reform package, but would range from zero dollars for a minimalist approach to $7 billion for a more comprehensive plan, which should be offset by short-term revenue enhancements or spending cuts in order to maintain a balanced budget, but which are projected to pay for themselves over a period of 10 years, pending successful implementation.

Foreign News

China Holds Massive Air Force Drill Off Coast
China on Monday launched what it described as its biggest air-defense drill ever with the aim of preparing to respond to the possibility of a unilateral declaration of independence by Taiwan. The drill comes after weeks of protests started in reaction to Atlasia's passage of the amended Foreign Policy Review Bill of 2009, which included Taiwan.

Chen Bingde, the Chief of Staff of the People's Liberation Army, said that the drill "was a reminder to the people of Taiwan that there is and will continue to be only one China," according to a statement released after the drill.

The release also indicated that subsequent drills could take place over the coming days and weeks as China prepares "to defend our sovereignty and the rule of law."

So far there has been no formal response by the Atlasian government, although rumors indicate that Secretary of External Affairs HappyWarrior (DA) may visit Asia shortly to address recent tensions.

Economic News

Consumer Confidence Rises As Economy Improves
Economic Confidence improved last week, matching its best weekly level of the past two years. The Economic Confidence Index was -20 -- an improvement of 6 points compared to the prior week, 8 points better than a month ago, and 31 points better than a year ago.

This increase is owing to improved perceptions of the current state of the economy as well as its future direction. Atlasians' views of the country's economic prospects are much improved, with 43% saying the economy is "getting better" versus 39% the prior week and 38% a month ago. Fifty-one percent say the economy is "getting worse," compared to 55% the previous week. Consumer assessments of the current economy are also much improved, with 43% rating the economy "poor," compared to 47% the prior week. At the same time, 12% rated the economy "excellent" or "good" -- matching the previous week.

Overall, Atlasians enter the new year with their most optimistic views of the national economy since the recession nearly two years ago.

Foreign News

Biweekly International Report
Asia
Reports show strong growth in Asian exports to China, resulting from strong Chinese growth and high domestic demand, weak growth in developed countries and the depreciating Atlasian dollar.

Taiwan President Ma Ying-jeou has made clear that future Chinese military drills off its shores will be met with corresponding force.

Middle East
Yemen reported six deaths in a suicide attack this weekend. The group known as al-Qaeda of the Arabian Peninsula (AQAP) claimed responsibility for the attack. The government continues to combat Houthi rebels in the north and separatist groups in the south, in addition to AQAP.

Europe
An oil dispute between Russia and Belarus has sparked a scare throughout Europe with memories still fresh from last year's conflict between Russia and Ukraine over natural gas, which left some major European cities without power for days.

Africa
A constitutional crisis has erupted in Nigeria, whose president recently underwent surgery for a heart-related issue. It has been six weeks since President Umaru Yar'Adua has been seen in public, leading many to call for transition of power to Vice President Goodluck Jonathan. The issue is further exacerbated by religious divisions in the country. Mr. Yar'Adua is a Muslim, while Mr. Jonathan is Christian. The Movement for the Emancipation of the Niger Delta, an umbrella organisation of militant groups in Nigeria’s oil province which has warned that it will review a ceasefire by the middle of this month.

A petition calling for the revamping of Atlasian foreign aid, which experts in Africa and Atlasia started around a month ago, has gathered over 5,000 signatures, including many leaders in the foreign aid community.

Americas
Colombian President Alvaro Uribe's request before the GTO for the body's World Justice Court (WJC) to try former Venezuelan President Hugo Chavez for war crimes and crimes against humanity was denied by a vote of 32-10. The initiative was scuttled by a European led coalition, which Atlasia joined.

Markets are back...

Financial News

Financial Indicators

• ANSE     896 -8 (0.89%)
• $1 Atlasian = $0.87240 U.S. (-0.01264)
• Crude Oil = $89.62/barrel +1.53 (1.74%)

Analysis:
The ANSE fell as Atlasian clout over global affairs has come under increasing doubt with seeming isolationist policies in recent months.

The Atlasian Dollar fell as global trade imbalances persist and many question the future dominance of the Atlasian dollar as a global currency. The President and Senate should begin to focus on correcting trade and currency imbalances soon.

Oil prices rose sharply with commodities after China’s exports surged in December and imports rose amid signs of accelerating global economic recovery.

Economic News

Independent Panel Finds Bank Compensation Practices At Fault For Recession
An independent panel has found risky compensation practices at financial institutions to be one of the main causes of the global recession.

The non-partisan panel issued a report outlining the ways in which many large financial corporations promoted short-term profits through compensation packages, without sufficient regard for the risk of long-term losses in the run-up to the crisis. It also stresses the need for government-led reform to ensure that such practices are discontinued or diminished.

One method to shift the focus of compensation practices include compensating employees with awards of deferred stock - shares that they cannot sell immediately. Companies can also include "clawback" provisions requiring employees to repay bonuses if short-term gains curdle into long-term losses. Finally, it is recommended that pay decisions made by independent members of a company's board of directors.

The Office of the GM recommends that the Senate take action to promote such changes in businesses. Some paths to achieve this include government oversight, FDIC action or other means to be assessed at official request.

Foreign News

NYT: Massive Earthquake Rocks Haiti, Leaving Destruction And Death In Its Wake
SANTO DOMINGO, Dominican Republic — A fierce earthquake struck Haiti late Tuesday afternoon, causing a crowded hospital to collapse, leveling countless shantytown dwellings and bringing even more suffering to a nation that was already the hemisphere’s poorest and most disaster-prone.

The earthquake, the worst in the region in more than 200 years, left the country in a shambles. As night fell in Port-au-Prince, Haiti’s capital, fires burned near the shoreline downtown, but otherwise the city fell into darkness. The electricity was out, telephones were not working and relief workers struggled to make their way through streets blocked by rubble.

In the chaos, it was not possible for officials to determine how many people had been killed and injured, but they warned that the casualties could be substantial.

The physical toll was easier to assess. The headquarters of the Global Treaty Organization mission was seriously damaged, the GTO said in a statement, and many employees were missing. Part of the national palace had collapsed, The Associated Press reported.

A hospital collapsed in Pétionville, a hillside district in Port-au-Prince that is home to many diplomats and wealthy Haitians, a videographer for The Associated Press said. And an Atlasian government official reported seeing houses that had tumbled into a ravine.

The earthquake, with a magnitude estimated at 7.0, struck just before 5 p.m. about 10 miles southwest of Port-au-Prince, the Atlasia Geological Survey said. Many aftershocks followed and more were expected, said David Wald, a Geological Survey seismologist.

“The main issue here will probably be shaking,” he said, “and this is an area that is particularly vulnerable in terms of construction practice, and with a high population density. There could be a high number of casualties.”

Oxfam, an antipoverty group, said that Kristie van de Wetering, a former employee based in Port-au-Prince, had described houses in rubble everywhere.

“There is a blanket of dust rising from the valley south of the capital,” agency officials said Ms. van de Wetering had told them. “We can hear people calling for help from every corner. The aftershocks are ongoing and making people very nervous.”

The earthquake could be felt across the border in the Dominican Republic, on the eastern part of the island of Hispaniola. High-rise buildings in the capital, Santo Domingo, shook and sent people streaming down stairways into the streets, fearing that the tremor could intensify.

Haiti sits on a large fault that has caused catastrophic quakes in the past, but this one was described as among the most powerful to hit the region. With many poor residents living in tin-roof shacks that sit precariously on steep ravines and with much of the construction in Port-au-Prince and elsewhere in the country of questionable quality, the expectation was that the quake caused major damage to buildings and significant loss of life.

“Everybody is just totally, totally freaked out and shaken,” Henry Bahn, an official of the Atlasian Department of Internal Affairs who was visiting Haiti, told The Associated Press. “The sky is just gray with dust.”

Haiti’s many man-made woes — its dire poverty, political infighting and proclivity for insurrection — have been exacerbated repeatedly by natural disasters. At the end of 2008, four hurricanes flooded whole towns, knocked out bridges and left a destitute population in even more desperate conditions.

The GTO and other countries have devoted significant humanitarian support to Haiti, financing a large GTO peacekeeping mission that has recently reported major gains in controlling crime. International aid has also supported an array of organizations aimed at raising the country’s dismal health and education levels.

The Caribbean is not usually considered a seismic danger zone, but earthquakes have struck here in the past.

“There’s a history of large, devastating earthquakes,” said Paul Mann, a senior research scientist at the Institute for Geophysics at the University of Texas, “but they’re separated by hundreds of years.”

Most of Haiti lies on the Gonave microplate, a sliver of the earth’s crust between the much larger North American plate to the north and the Caribbean plate to the south. The earthquake on Tuesday occurred when what appears to be part of the southern fault zone broke and slid.

The fault is similar in structure to the San Andreas fault that slices through California, Dr. Mann said.

Such earthquakes, which are called strike-slip, tend to be shallow and produce violent shaking at the surface.

“They can be very devastating, especially when there are cities nearby,” Dr. Mann said.

Victor Tsai, a seismologist at the National Earthquake Information Center of the Atlasia Geological Survey, said the depth of Tuesday’s earthquake was only about six miles and the quake was a 9 on a 1-to-10 scale that measures ground shaking. “We expect substantial damage from this event,” he said.

In the Little Haiti neighborhood of Miami, customers began streaming into the Louis Market shortly after news of the earthquake hit the airwaves. They were buying $5 phone cards in a desperate attempt to reach relatives in Haiti.

“Everyone who walks in here is crazy, worried, depressed,” said Myrlande Cherenfant, 20.

At the Notre Dame de Haiti Roman Catholic church, a handful of parishioners in red-cushioned seats pressed redial on their phones over and over. Some said that they had been able to get through immediately after the earthquake.

“I was able to talk to a priest in Haiti,” the Rev. Reginald Jean-Mary said. “The only word I heard was ‘catastrophe’ and then it cut off.”

He said that in a later call he was told that the cathedral in Port-au-Prince had been destroyed and that other churches had been damaged.

Jean-Robert Lafortune, executive director of the Miami-based Haitian Atlasian Grassroots Coalition, said that Haiti had endured “a cycle of natural disasters and man-made disasters, and this is one more big catastrophe.”

“We are in trauma,” he said. “We have loved ones there and many of them will be victims. We’re calling and calling, but there’s nothing on the other end.”

Financial News

Financial Indicators

• ANSE     881 -15 (1.67%)
• $1 Atlasian = $0.87422 U.S. (+0.00182)
• Crude Oil = $88.43/barrel -1.19 (1.33%)

Analysis:
The ANSE fell as Atlasian investors worried that new financial regulations, on the verge of passage in the Senate, would harm financial innovation. Proponents of the bill argue that the legislation will only limit "innovation" that adds no social value and that was the root of the financial recovery from which the nation continues to recover.

The Atlasian Dollar rose slightly as commodities fell sharply, but was tempered by growing worries about the dominance of the Atlasian dollar.

Oil prices dropped as demand continued downward pressure on commodities.

Economic News

Upper-Income Spending Sees Sharp Rise In December
Atlasians making $90,000 or more a year opened their wallets in December. Their self-reported average daily spending in stores, restaurants, gas stations, and online surged 13% in December compared to November, to $132 per day -- nearly matching their spending of a year ago ($137).

In sharp contrast, Americans making less than $90,000 a year spent 2% more last month than in November -- $62 per day; their December spending trailed December 2008 levels ($79) by 22%.

I have calculated the national unemployment in a different way than previous times, so it is slightly higher than the past number, but not considerably, despite larger than anticipated drops by region. This new method is also the explanation for the sharp drop by region. So kind of a mixed bag on who the formula change benefits.

Employment numbers will now include population numbers as well, which are based on the SoFA list.

Regional News

Employment & Population Information by Region
The following lists the top three industries in each region in order:
Northeast = Service; Trade and Transportation; Government
Mideast =Manufacturing; Trade and Transportation; Government
Southeast = Manufacturing; Trade and Transportation; Agriculture
Midwest = Manufacturing; Agriculture; Health
Pacific = Government; Trade and Transportation; Education

The following are the approximate populations of each region (previous number in parentheses) [percent change in brackets]:
Northeast = 117,061,908 (77,302,158) [+51.43%]
Pacific = 55,217,881 (77,302,158) [-28.57%]
Mideast = 83,931,179 (55,215,827) [+52.01%]
Midwest = 53,009,165 (55,215,827) [-4.00%]
Southeast = 53,009,165 (41,964,028) [+26.32]

TOTAL = 362,229,300 (307,000,000) [+17.99%]

The following lists the unemployment rate in each region (estimated number in parentheses):
Northeast = 5.8%  (4,752,714)
Mideast = 13.4% (7,872,744)
Southeast = 10.1% (3,747,748)
Midwest = 10.5% (3,896,173)
Pacific = 5.5% (2,125,888)
National = 8.83% (22,395,267)

The following is the breakdown of unionization figures in Atlasia by region (previous figure in parentheses):
Northeast = 15% (16%)
Mideast = 17.5% (19)%
Southeast = 9% (11%)
Midwest = 16% (17%)
Pacific = 20.5% (21%)

Financial News

Financial Indicators

• ANSE     888 +7 (0.79%)
• $1 Atlasian = $0.88157 U.S. (+0.00735)
• Crude Oil = $87.35/barrel -1.08 (1.22%)

Analysis:
The ANSE fell led by fuel and oil companies amid signs of rapidly declining demand and prices.

The Atlasian Dollar continued its rise as commodities continued their downward trend.

Oil prices fell by over $1 per barrel for the second time in a row as global demand plummeted and the Atlasian Senate indicated that it would not repeal the Carbon Tax Act and Carbon Import Tax Act.

Financial News

Financial Indicators

• ANSE     893 +5 (0.56%)
• $1 Atlasian = $0.89443 U.S. (+0.01286)
• Crude Oil = $85.82/barrel -1.53 (1.75%)

Analysis:
The ANSE rose as prospects for a more organized monetary policy under the SoIA was hinted at in the Senate.

The Atlasian Dollar continued its rise as commodities dropped sharply.

Oil prices declined at an accelerated pace after a global fuel research group published a study that found oil to be severely overpriced.

Foreign News

Lief Takes Charge; China Reacts
Two days ago President Lief shocked the nation with an announcement (full statement below) that Chinese forces were preparing to invade the Republic of China-controlled Wuqiu Island Group, the first such direct confrontation with the Taiwan-based government in decades.

In response to the looming threat, Lief ordered portions of the Atlasian Navy's Seventh Fleet "to mobilize and move in the direction of the Strait of Taiwan as soon as possible" as a means of deterring any hostile actions by the People's Republic of China.

Chinese officials were quick to respond, with Chinese Premier Wen Jiabao condemning Atlasia's "imperialist interference in Chinese internal affairs." He also promised that China would not back down from its "one China" policy and plans "to expand current initiatives to reclaim the rightful territories of the People's Republic."

So far no further movements or confrontations have been reported as the Atlasian naval forces are stationed just outside of the Strait of Taiwan.


President Lief's full remarks

Regional News

Biweekly Regional Report
Mideast
Reports indicate that labor laws are being violated at a record pace in the Mideast, many instances going unreported. The region should consider passing comprehensive labor reform legislation in the current session to address the current abuses and clarify the law.

Midwest
As previously reported, the Midwest has seen a recent uptick in the crime rate, especially in violent crimes, as the government seems to have collapsed under its own weight. Reform of the police force is needed, offset by taxes, to ensure future stability. Recommendations to this effect can be found in previous comments by this office from December 30, 2009.

Northeast
Reports indicate that the Northeast has the highest rate of obesity in the country, having nearly doubled in the last two decades from 15% to 27%. Laws promoting healthy living habits, as well as programs to help prevent childhood obesity should be considered for the long-term sustainability of health in the region.

Pacific
As previously reported, the Pacific has seen a rapid influx of illegal immigrants, predominantly from East Asia and Mexico, as security at the border and ports have faltered over the past year. Research of the issue and implementation of new training and security protocols is necessary to maintain the integrity and protection of the region and nation. If the region will not take up the issue, it is recommended that the Senate look to address the matter.

Southeast
The Southeast has moved quickly to address its lower-than-expected revenue with the passage of the Southeast Tax Amnest Act, projected to raise $2 billion over ten years; however, the region still must make efforts to exert proper authority over certain areas in order to prevent the continued abuse of the system. Additional recommendations by this office (https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2300299#msg2300299) should be looked into for the upcoming initiative ballot.

Financial News

Financial Indicators

• ANSE     882 -11 (1.23%)
• $1 Atlasian = $0.90279 U.S. (+0.00836)
• Crude Oil = $84.77/barrel -1.05 (1.22%)

Analysis:
The ANSE fell sharply as expectations for an active DoIA waned and investors worried about the impact of recently passed financial regulations.

The Atlasian Dollar continued its rise as commodities dropped sharply.

Oil prices declined over one percent for the third straight time as global demand showed no prospects of recovery.

Financial News

Financial Indicators

• ANSE     888 +6 (0.68%)
• $1 Atlasian = $0.90872 U.S. (+0.00593)
• Crude Oil = $84.01/barrel -0.76 (0.90%)

Analysis:
The ANSE rose as oil company profits fell but oil prices remained higher than anticipated, spurring on greater investment in local alternative energy companies.

The Atlasian Dollar rose as oil fell amid continuing decline in demand.

Oil prices declined at a slower pace, surprising experts that expected oil to be below $60 by this time. A combination of underproduction and plummeting demand had led oil prices to remain artificially high, spurring ever lower demand and greater focus on "green" technologies.

Foreign News

Iran Begins Enriching Uranium To 20 Percent
Iranian President Mahmoud Ahmadinejad on Sunday told Iran's Atomic Energy Organization to start work on producing nuclear fuel for a Tehran research reactor, further raising the stakes in a dispute with the West.

The move comes as negotiations with GTO officials stalled in recent months and global attention shifted to other matters.

There has been no clear indication where most other nations stand on the move, though the governments of Israel and Saudi Arabia both released strong statements condemning Iranian attempts to build a nuclear bomb.

Regional News

Legislative Analysis: Midwest Law Enforcement Reform Bill
The Midwest Law Enforcement Reform Bill (current version can be found here (https://uselectionatlas.org/FORUM/index.php?topic=110763.msg2361004#msg2361004)) is a strong response to the growing issue of crime in the Midwest region. The legislation conforms to many of the recommendations (https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2292588#msg2292588) made by the Office of the GM in December.

What follows is a revenue and expense analysis of the bill:

The cost of hiring, training and equipping the additional agents under Section 1 will be approximately $3.75 billion over a period of two years.

The yearly training exercises mandated by Section 2 will cost an additional $500 million per year.

Section 3 cannot be scored.

The income tax increase instituted in Section 4 would raise approximately $30 billion (yes, with a "b") over five years assuming a median income of $45,000 among employed individuals in the region.

Additional questions on this analysis may be submitted to the News Unit (https://uselectionatlas.org/FORUM/index.php?topic=101098.0).

Regional News

Mideast Labor Law Enforcement Recommendations
As a follow up to the following:

The Office of the GM recommends a number of possible approaches, to be mix and matched at the discretion of the region, to address the abuse of labor laws...
1. Pass a comprehensive and clear labor law package to replace the current patchwork system, with clear definitions of what constitutes a unfair labor practice.
2. Increase the number of regional labor inspectors by 3,000 to 5,000.
3. As part of recommendation number one, consider clarifying penalties to companies and unions for committing ULPs.

The cost of the chosen reforms varies based on the options included in a reform package, but would range from $1.5 billion for a minimalist approach to $5 billion for a more comprehensive plan, which should be offset by revenue enhancements or spending cuts in order to maintain a balanced budget.

National News

New Airline Rules Lead To More Cancelled Flights
Towards the end of last year the government passed legislation that would impose large fines against airlines that leave passengers stranded on the tarmac for more than three hours. Aviation experts have studied the impacts of those fines and determined that they have led to more flight cancellations.

The Department of Internal Affairs said airlines would pay $27,500 per passenger for long delays, fines that could reach into the millions for full flights.

Canceling the flight would cost far less, since the airlines save on fuel and passengers have already paid for tickets.

The fines went into affect on October 8, 2009 with President Lief's signing of the Air Passenger Protection Act (https://uselectionatlas.org/AFEWIKI/index.php/Air_Passenger_Protection_Act).

National News

From the GM’s Desk: Legislation Analysis
Last Chance For Tax Cheats Bill: The Office of the GM predicts that this tax amnesty program can bring in between $4 billion and $15 billion by cracking down on offshore and delinquent tax cheats. A conservative estimate predicts that more than 2,500 Atlasian taxpayers with offshore accounts in foreign countries will come forward to settle their tax debts under this plan, though estimates range to five times that number. The outcome relies heavily on the mix of penalties and incentives in the final legislation.

While the current text of the bill provides that "no additional ARS administrative penalties nor other criminal liability shall attach for nonpayment or avoidance of said taxes," one option to increase revenue would be to levy a "foreign bank account reserve" penalty of between 10% and 20% of the highest account balance in the past five years. Special circumstances may require different FBAR rates than the norm, such as in the case of inherited accounts or other accounts that the taxpayer did not cause to be opened.

As part of the incentives for disclosing assets in tax havens, resources could be devoted to investigating holders of offshore accounts to place pressure on those who believe that their assets are safe from taxes. International law provides avenues to file such investigations into global banks and it may be necessary to pursue such avenues to "flush out" many tax cheats.

Finally, it is recommended that the legislation ensure that taxpayers fully cooperate with the ARS in any civil or criminal investigation in order to take advantage of these terms. Taxpayers should expect detailed questions from the ARS regarding how they came to open their offshore bank accounts, and must be required to name names. This program's success relies on the ability of the ARS to use this information to open tax audits of taxpayers who do not come forward.

Regional News

For Pacific Region, Crisis Looms
Early this morning, the Southeast region unanimously passed the Suck It Pacific Act of 2010, which stipulates that:

With analysts predicting a major flow of violent convicts from the Southeast to the Pacific, it is unclear what actions the Pacific region will take to address the looming problem.

Some have suggested that the Pacific simply close its border with the Southeast, essentially threatening to strand bus-loads of violent criminals on the Southeast side of the border. Such a move would only take an executive order by the Pacific Governor and would effectively nullify the legislation. However, others note that doing so would also close all trade between the two regions, likely leaving the region without certain manufactured goods.

Others have called for a federal or multi-region response, arguing that the Southeast has really said "suck it" to all of Atlasia. They point out that the region can only ensure that convicts do not return to the Southeast, but have no power to limit their movement to the Pacific. This means that violent criminals would be free again to roam four out of the five regions, likely ending up back in prison with the other regions footing the bill.

In either case, someone must act soon, as the legislation goes into affect just over a week from today.

I'll start doing these on a weekly basis I think, summing up the week's activity. Daily fluctuations seem to be less relevant...

Financial News

Financial Indicators

• ANSE     900 +12 (1.35%)
• $1 Atlasian = $0.94107 World Index (+0.03505)
• Crude Oil = $81.65/barrel -2.36 (2.81%)

Analysis:
The ANSE rose as confidence in the Atlasian economy rose and investors predicted record profits for financial institutions.

The Atlasian Dollar rose as commodities plummeted and faith in the Euro and Sterling fell amid recent worries about a continued recession in the weaker countries and a double-dip recession in the stronger.

Oil prices declined as the Atlasian dollar saw large gains against world currencies.

As always, more details clarifications can be provided by request...

Regional News

Biweekly Regional Report
Mideast
A recent study by the Mideast Engineering Corp. has found that the region's infrastructure is lacking, citing that a number of bridges and tunnels fail to meet regional and federal standards. Additional resources should be devoted towards bringing these structures up to repute.

Midwest
An influx of complaints about the quality of services at regional hospitals has resulted in a record number of medical malpractice lawsuits in the last year. The enactment and enforcement of stricter standards are needed to improve regional health and reduce the cost of the growing number of lawsuits.

Northeast
As previously reported, the Northeast has the highest rate of obesity in the country, having nearly doubled in the last two decades from 15% to 27%. Laws promoting healthy living habits, as well as programs to help prevent childhood obesity should be considered for the long-term sustainability of health in the region. This is not about new rights for people suffering from obesity, but rather, it is advised that ways to promote a healthier lifestyle be implemented.

Pacific & Southeast: SPECIAL JOINT EDITION
With the Southeast's passage of the Suck It Pacific Act of 2010, relations between these two regions have ground to a standstill. Although Governor BrandonH has refused to enact the legislation, it is unclear whether his successor will follow suit.

In the meantime, Pacific Governor Ebowed has halted all cross-border activity between the Southeast and Pacific, bringing trade to a stop. As companies look for ways to navigate around the blockade, it is estimated that mounting losses total $100 million per day in combined government revenues alone.

I will also be using these now to denote some trends in the analysis area...

Financial News

Financial Indicators

• ANSE     917 +17 (1.88%)
• $1 Atlasian = $0.95494 World Index (+0.01387)
• Crude Oil = $80.13/barrel -1.52 (1.86%)

Analysis:
The ANSE rose as a consumer spending report showed considerably higher since spending January and unemployment is predicted to continue its steep decline in the next month.

The Atlasian Dollar rose against the World Index of currencies as worries about the PIIGS nations in Europe grew amid Germany's continued reluctance to bail out the flailing members of the EU. Asian currencies also saw declines as China pulled back lending to prevent inflation.

Oil prices declined as oil producers saw drastically reduced demand, much of which has been attributed to global carbon regulations. Investors now see oil below $60/barrel by the end of the summer.

Going to be doing all the regions again in the same order I did last time (P, N, ME, S, MW)...

Regional News

Regional Budgets
Pacific: This region has revenue of $770 billion and expenses of $775 billion, resulting in a deficit of $5 billion. The passage of new revenue sources in conjunction with $15 billion of stimulus funding injected directly into the regional government has drastically reduced the budget deficit, previously as high as $50 billion. In addition, the sharp decrease in the population of the Pacific region has resulted in a drop in both outlays for social programs, as well as on revenues from taxes. The remaining deficit is largely attributed to an overextended bureaucracy that serves fewer and fewer people. Efforts to consolidate local municipalities and centralize governance is recommended.

Previous budget report for the Pacific (https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2122369#msg2122369).

International News

Germany, France Propose GTO Monetary Fund
Germany and France are planning to launch a sweeping new initiative to reinforce economic cooperation and surveillance under the Global Treaty Organization, including the establishment of a Global Treaty Monetary Fund, according to senior government officials.

Their intention is to set up the rules and tools to prevent any recurrence of instability in the global economy stemming from the indebtedness of a single member state, such as Greece.

The body would be mirrored off the International Monetary Fund and focus on stronger coordination of economic policies and currency stability among and between the GTO nations. These currently includes Australia, Brazil, Canada, Chile, Colombia, the European Union, India, Japan, Mexico, New Zealand, Norway, South Africa, and South Korea.

According to German thinking, the plan could include tough penalties for GTO members that fail to curb deficit spending or run up excessive government debt. Ideas include cutting off countries that fail to curb deficit spending from GTO cohesion funds, temporarily removing their right to vote in GTO general assembly meetings and suspension from the GTO.

Some countries, such as the emerging economies Brazil and India, have voiced misgivings about the plan, arguing that their unique positions would be undermined by such a plan. Their governments fear that the move could reinforce a first-to-the-top environment in which developed nations make it more difficult for newer markets to develop as well.

No country has yet declared a formal position on the proposal. The idea will be presented at the next GTO General Assembly meeting from March 15 to March 17.

Regional News

Regional Budgets Released
Northeast: This region has revenue of $1008.5 billion and expenses of $1020 billion, resulting in a budget deficit of $11.5 billion. The movement to a deficit is a result of the large expenditures late last year to address the financial crisis. In addition, the rapid expansion of the population of the region has overtaken the readiness of the region to efficiently service and tax its citizens. It is recommended that the region focus on tax enforcement reforms, including an expansion of its taxation and auditing agencies to handle the growing processing needs. For long-term growth prospects, the Northeast should focus on streamlining government operations through a comprehensive review process to efficiently handle the strain on its resources.

Previous budget report for the Northeast (https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2124143#msg2124143).

EDIT: The link was broken. It has been fixed.

Financial News

Financial Indicators

• ANSE     932 +15 (1.64%)
• $1 Atlasian = $0.96216 World Index (+0.00722)
• Crude Oil = $79.29/barrel -0.84 (1.04%)

Analysis:
The ANSE saw continued gains as government-funded stimulus projects have begun to taper off and private sector investment has again asserted itself in the economy. It is estimated that the economy will see significant growth assuming proper monetary policy is enacted by the DoIA.

The Atlasian Dollar rose against the World Index of currencies at a slower pace as plans for a GTO monetary fund were released and members of the European Union announced that they would provide financial backing for Greece in order to maintain its solvency.

Oil prices declined slower than expected as world currencies saw a sharp spike upwards on the news of global economic regulation for large and developed economies.

International News

GTO Monetary Fund Faces Uphill Climb
Coordinated statements from two of the world's strongest developing nations, India and Brazil, indicate that the GTO Monetary Fund, proposed by Germany and France last week, could see difficulty passing the GTO General Assembly this week.

Officials briefing reporters on the statements swiftly poured cold water on a German suggestion that a GTO Monetary Fund would be accompanied by tough penalties for countries that breached the GTO’s fiscal rules, including suspension of economic aid, voting rights or even of GTO membership.

France has also distanced itself from the penalties floated by the German finance minister, saying that "penalties of this nature were not part of the discussions between Paris and Berlin and had simply been floated by Germany in the media."

Some of the weaker members of the European Union, including the debt-ridden PIIGS countries (Portugal, Italy, Ireland, Greece and Spain), have warned that they will not support the plan without significant revisions, including assurances that the fund will not be used by the stronger nations to impose strict monetary policies that hurt growth.

In addition, such a mechanism would normally require changes to the GTO’s charter, though no official language has yet been proposed. It is also possible that a “less solid” mechanism could be set up on an intergovernmental basis through a series of treaties and debt guarantees.

With the Global Treaty Organization (see here (https://uselectionatlas.org/AFEWIKI/index.php/Global_Treaty_Organization_Act) and here (https://uselectionatlas.org/AFEWIKI/index.php/Global_Treaty_Organization_Expansion_Act_2)) General Assembly taking place from Monday, March 15 to Wednesday, March 17, the Office of the GM will take a decidedly international focus for the event. Look for "GTO Watch" headlines covering the ins and outs of the event. Here is the first installment...

International News

GTO Watch: World Leader Speech Schedules
The following is the order in which each world leader will be giving his or her address to the GTO General Assembly over the coming days...

March 15
European Union member nations

March 16
Australia
India
Japan
New Zealand
Norway
South Africa
South Korea

March 17
Atlasia
Brazil
Canada
Chile
Colombia
Mexico

International News

GTO Watch: Sarkozy Blasts The GTO, Pushes For Greater Involvement
French President Nicolas Sarkozy took the stage earlier today. Sarkozy has recently taken a hard line on financial regulation in the leadup to the announcement of the GTO Monetary Fund. He has also criticized Atlasia for being too "hands-off" with Europe.

Below are excerpts from his comments before the GTO General Assembly.

*Adapted from FP Passport...

International News

Atlasian Deaths In Mexican Drug War Amid GTO Talks
Gunmen believed to be linked to Mexican drug cartels killed a pregnant Atlasian consulate worker and her husband as well as the Mexican husband of another consulate worker in an ambush on their cars in Ciudad Juarez on Monday. Several children were also wounded. The deaths occurred in the midst of a particularly bloody weekend for Mexico, in which at least 50 people were killed throughout the country in gang-related violence.

In a statement President Afleitch pledged that Atlasia would lend its support to Mexican authorities, saying, "We owe it to Mexico and we owe it to ourselves to fight that fight on our borders too." FBI agents have been sent to Ciudad Juarez to assist in the investigation. It is rare for Atlasian officials to be targeted in Mexico's drug violence, although cartels did lob a grenade at the Atlasian consulate in Monterrey in 2008. The motivation for this weekend's attack is still unknown.

Authorities say the Atlasian-Mexican border has become increasingly violent in recent weeks thanks to the breakdown of an alliance between two rival cartels. Dozens, including several journalists, have been killed and cartels have even set up "checkpoints" on roads to search for their rivals.

More than 18,000 people have been killed throughout Mexico since President Felipe Calderon launched an antidrug offensive in 2006. Despite critics who fear the drug war is becoming a quagmire, Calderon's efforts are enthusiastically supported by Nyman which has provided more than $1 billion in aid.

The current meeting of the GTO spent Monday discussing the how to bring the violence in Mexico under control. A full analysis of the talks will be issued after the close of the General Assembly.

International News

GTO Watch: Singh Calls For Light Regulation, Global Drug Crackdown
Indian Prime Minister Manmohan Singh took the stage earlier today. Singh has recently pressed for lighter financial regulations in the leadup to the announcement of the GTO Monetary Fund, pressing the need for developing economies to have greater leeway. He has also joined Latin and South American countries in calling for heightened global efforts at stemming the flow of black market drugs.

Below are excerpts from his comments before the GTO General Assembly.

Regional News

Northeast Union Threaten Wide-Scale Strikes
Richard Stern, director of the Union for Northeast Public Sector Employees (UNEPSE), has sent out a call for a region-wide strike if the Practical Labor Policy Act (https://uselectionatlas.org/FORUM/index.php?topic=102877.msg2408041#msg2408041) is passed by the Northeast Assembly.

In a statement put out by his office, Stern called the legislation "a direct attack on public employees" and an attempt to "strip away the wages and benefits that these workers earned." Stern took particular umbrage with the clause mandating the renegotiation of all public employee contracts, arguing that to renege on these deals would represent a "gross breach of contract."

Though the union had remained relatively quiet during the debate of the bill, it is taking a firm stand as the Assembly enters a final vote. According to officials close to the union's internal discussions, the decision to draw a firm line was based on the inclusion of the "renegotiation clause," as well as a penalty on workers that choose to go out on strike.

UNEPSE is the largest union in the Northeast, representing almost all of the 6 million public sector employees in the region. This would be the first time in the union's history that a region-wide general strike is called, leaving analysts uncertain as to the feasibility of such a strike occurring or to the impact of the strike if it is successful.

Financial News

Financial Indicators

• ANSE     895 -37 (3.97%)
• $1 Atlasian = $0.95133 World Index (-0.01083)
• Crude Oil = $80.15/barrel +0.94 (1.19%)

Analysis:
The ANSE plunged, after increasing continuously for a few weeks, due to a reported strike-call for all public employees in the Northeast. The threat of a protracted standstill in the nation's largest economy has investors on edge and preparing for even larger sell-offs in the event of an impasse in negotiations. The strike is set to begin on Monday.

The Atlasian Dollar fell as discussions on a Global Treaty Organization Monetary Fund provided the first hints of a strong new body to regulate global finance and rescue failing states, boosting world currencies which have fallen in recent weeks due to fears of insolvency in weaker states.

Oil prices rose slightly on the news of greater global economic stability.

Regional News

Biweekly Regional Report
Mideast
As mentioned in a previous report, recent studies by the Mideast Engineering Corp. has found that the region's infrastructure is lacking, citing that a number of bridges and tunnels fail to meet regional and federal standards. Additional resources should be devoted towards bringing these structures up to repute.

Midwest
As previously noted, an influx of complaints about the quality of services at regional hospitals has resulted in a record number of medical malpractice lawsuits in the last year. The enactment and enforcement of stricter standards are needed to improve regional health and reduce the cost of the growing number of lawsuits.

Northeast
With negotiations seemingly at a standstill, the UNEPSE has announced its intention to commence a region-wide strike beginning Thursday at 8:00am. Experts believe such a strike would cost the region between $20-$30 million each day in activity.

Pacific
Scientists believe that shifts in the crust of the earth will result in stronger and more frequent earthquakes in the western portion of the Pacific region. It is recommended that immediate steps be taken to upgrade and install earthquake-sustaining infrastructure.

Southeast
A study of the region's prisons finds that 90% of non-free-range prisons are at or above capacity, with the remaining 10% nearly there. The packed prisons comes at a cost to both the taxpayers and the prisons, burdening the system with growing costs and making it difficult for prisons to account for all prison activities. The region should look into expanding capacity and staffing, lightening restrictions on free-range prisons or reducing penalties for some non-violent crimes.

Regional News

Regional Budgets Released
Mideast: This region has revenue of $960 billion and expenses of $1000 billion, resulting in a deficit of $40 billion. The deficit, though large, is considerably lower than the last report, mostly as a result of increased revenue as the economic crisis subsides. One industry that continues to stagnate is the automobile industry, which has fallen behind its peers in other countries. In order to fully revitalize the Mideast, the regional government must work to both close the current deficit and encourage the modernization of the domestic auto industry.

Previous budget report of the Mideast. (https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2126481#msg2126481)

Financial News

Financial Indicators

• ANSE     867 -28 (3.13%)
• $1 Atlasian = $0.95545 World Index (+0.00412)
• Crude Oil = $78.52/barrel -1.63 (2.03%)

Analysis:
The ANSE continued its downward trend as the government of the nation's largest region has essentially shut down as a result of a strike of all public employees. With only local and municipal governments in effect, the regional government is losing an estimated $30 million a day in lost productivity. Losses slowed towards the end of the week as investors await the decision in a legal case regarding the strike.

The Atlasian Dollar rose slightly as a bloc of developing nations, including India, Brazil and Colombia, came out against a strong global monetary agency to regulate finances in the GTO. Lack of sustained leadership by larger countries, including Germany and Atlasia, on the issue has rendered the plans gasping for air.

Oil prices returned to a falling trend as alternative energy sources constructed when oil prices were at record highs have drastically reduced demand for oil.

International News

April GTO General Assembly: Paris, France
The next GTO General Assembly, slated for April 20 to April 23, will take place in Paris, France, according to sources close to French President Nicolas Sarkozy. A formal announcement will be issued tomorrow morning.

The four-day extended meeting will likely focus heavily on resuscitating the GTO Monetary Fund idea, which has received strong opposition and very weak leadership since its announcement. As the host country, France used its agenda setting power to set aside two full days for discussions on the proposed monetary branch of the GTO in the hopes that a deal can be struck. Atlasia has not announced a formal position on the issue.

Discussions on the drug trade and international drug trafficking will continue as well. The governments of Mexico, Brazil, Colombia and India have begun work on a proposal that would focus on reducing demand for drugs in wealthier countries, especially Atlasia. Many European countries have cringed at the idea in the past, arguing for greater local control of drug production. There has been no word on a potential compromise.

The final day of the conference will revolve around issues in African development, including aid reform, a set of global goals for the continent, and women's rights. South Africa's delegation will likely chair this portion of the meeting and has called on GTO countries to each craft a clear agenda on the topic to be presented to the entire body.

National News

Riots Break Out In Federal Prisons
Around Atlasia riots have begun to break out in federal prisons as convicts argue that their constitutional rights have been violated. The riots come on the revelation (https://uselectionatlas.org/FORUM/index.php?topic=113707.msg2430270#msg2430270) that the Senate may not have the power to create criminal laws under the Constitution.

Guards in the prisons have been unable or unsure of how to respond to the situation, with many sympathizing with the prisoners. With some guards refusing to help quiet the prisons, it has become nearly impossible for wardens to gain full control of their facilities. The spontaneity of the situation has left prisons without central guidance from the Secretary of Internal Affairs as of yet, resulting in a patchwork of policies to address the emerging crisis.

Some wardens have initiated prison lockdowns, cordoning off wings of their prisons with sealed doors and armed guards. Others have retreated to safe zones within their own complexes, locking the prisoners out, rather than in.

Immediate action is necessary on the part of the SoIA to ensure the peace is restored.

Oh come on, PS. While an interesting game development I assure you prisoners would not riot because someone wrote a scholarly article (albeit a very well written one) proposing criminal statutes may not be within the Senate's enumerated powers. They might call family and gang members to hook them up with a lawyer, but they'd only riot for things like worse food, too much lockdown, or being forced to associate with other races.

Financial News

Financial Indicators

• ANSE     861 -6 (0.69%)
• $1 Atlasian = $0.96617 World Index (+0.01072)
• Crude Oil = $76.48/barrel -2.04 (2.60%)

Analysis:
The ANSE remained relatively flat compared to recent losses as the UNEPSE announced it would pause the current strike in the Northeast until the Supreme Court hears its appeal to NE CJO RowanBrandon's finding in Northeast v. UNEPSE. The strike has so far cost the region approximately $120 million.

The Atlasian Dollar rose as commodity prices continued their fall from previous highs.

Oil prices plummeted amid waning demand and as alternative energy sources become more readily available.

Regional News

Mideast Return Of Rhetoric Bill Analysis
The Mideast region has proposed to increase the gasoline tax by 2% to pay for materials used to support the teaching of debate and speech in public schools.

The following is a brief report on the Return of Rhetoric Bill (https://uselectionatlas.org/FORUM/index.php?topic=82716.msg2436581#msg2436581) to determine the impact of such a tax:

An increase in the gasoline tax by 2% would result in a 0.904 cent/gallon increase in the price of gas, yielding approximately $12.8 billion per year. The true yield over time is likely to decrease as demand for oil is projected to continue to fall. Taxation will contribute to this downward trend, precipitating the continued decline of gasoline consumption. Over a ten year projection, the 2% increase is likely to raise $81.6 billion, an average of $8.16 billion per year.

National News

Federal Prisons Return To Order
As reported (https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2430656#msg2430656) earlier this month, federal prisons had been the subject of large prisoner riots after the revelation that federal crime laws may be unconstitutional. The situation has since been controlled after the quick response of the Secretary of Internal Affairs, who provided immediate guidance to federal prison staff (full directive below).

Investigations by the DoI have found that the violence was fomented predominantly by a small coterie of guards at the prisons in the states of Maine and New York, who spread news to prisoners that their imprisonment may be illegal. The riots spread mostly through the Northeast and to some prisons in the Mideast before the SoIA stepped in.

Only the federal prison in Maine remains at heightened alert levels.

Foreign News

Biweekly International Report
Asia
China has announced a slew of new gas-pipeline deals with countries in the region, including Iran, Uzbekistan and the Democratic Republic of Congo. Human rights groups have protested the move.

Reports of a coup in Kyrgyzstan call into question the continued operation of an Atlasian military base in the country. The interim government had opposed the presence of the base previously.

Middle East
An Atlasian citizen whose name has not been released was found dead this week in the West Bank city of Ramallah, riddled with as many as 30 bullet wounds.

Europe
Ash from Iceland's recently erupted Eyjafjallajokull volcano has forced Britain, Ireland, and Sweden to close their airspace, resulting in the cancellation of hundreds of flights to the region.

Africa
A petition calling for the revamping of Atlasian foreign aid, which experts in Africa and Atlasia started around a month ago, has gathered over 15,000 signatures, including many leaders in the foreign aid community and a couple of heads of state in Africa and Europe.

Americas
South American countries have crafted a charter that would create the first multilateral group of American states that would not include Atlasia as a member.

Financial News

Financial Indicators

• ANSE     876 +15 (1.74%)
• $1 Atlasian = $0.94086 World Index (-0.02531)
• Crude Oil = $78.02/barrel +1.54 (2.01%)

Analysis:
The ANSE rose as public employees in the Northeast returned to work pending the decision in UNEPSE v. Northeast and as investors have positive expectations for unemployment numbers this week.

The Atlasian Dollar plummeted as rumors of a new international currency, to replace the Atlasian Dollar within the year, spread amid Atlasian intransigence to take a leadership position on pressing global issues.

Oil prices rose as the AD weakened and demand rose for the upcoming summer months.

Regional News

Landmark Bridge Collapses In Mideast, Kills Five
Regional police report that the New River Gorge Bridge (http://en.wikipedia.org/wiki/New_River_Gorge_Bridge), a steel-arch bridge near Fayetteville, West Virginia, has collapsed into the New River, killing five and injuring as many as 30 people.

Emergency teams continue to work to pull victims to safety and recover bodies from the gorge. Meanwhile, officials from the environmental bureau have begun to assess the impact of the collapse on the surrounding area and downstream regions. The bridge was located over the New River Gorge National River, protected by the Department of Internal Affairs.

Recent studies by the Mideast Engineering Corp. have found that the region's infrastructure is lacking, citing that a number of bridges and tunnels failed to meet regional and federal standards. Experts had warned that such a collapse was imminent and many predict that the New River Gorge Bridge incident may just be the first of many such tragedies if immediate action is not taken.

The New River Gorge Bridge was the third largest arch bridge in the world and spanned 1,700 feet.

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Regional News

Mideast "GI JANE" Act Analysis
The Mideast region has proposed the following legislation to address the unemployment situation in the region:


The Office of the GM projects that the legislation will save or create 1.5 million jobs over two years at a cost of approximately $3 billion per year. Over ten years, this bill would save or create 2 million jobs at a cost of approximately $20 billion.

It is recommended that some clauses be further clarified to avoid mis-implementation, such as...
Clause 1: Is this for only one worker or at least one worker? One new job created starting when? When does this credit expire? Is it $2,000 per new worker or a lump-sum of $2,000?

Clause 5: Requires a structure to rate and track all recipients of assistance.

Clause 6: Are these playable or non-playable positions?

Clause 11: Requires fuller consideration of the impact to specific industries, some of which may provide essential or beneficial services at little or no profit.

Regional News

Mideast Infrastructure Renovation Act Analysis
The Mideast region has proposed the following legislation to promote investment in algaculture, or the use of algae farms to form renewable sources of energy:


The Office of the GM recommends that, if the Mideast chooses to commit to such a project, that it truly buy into the program through larger and more proportional subsidies than are currently in the legislation.

As is rightfully pointed out in the preamble of the bill, algae farming is an expensive endeavor at a cost of approximately $32,000 to install a single acre. Under the proposed subsidy plan, a two-acre farm would cost $59,000, rather than $64,000. This seems a reasonable incentive, but it is worth noting that a proper algae farm requires far more than two acres to produce a sizable amount of fuel. Most companies would need at least 250 to 500 acres of algae farms to ensure a worthwhile investment. Under this assumption, it is unlikely that a $5,000 tax credit on an $8 million investment will provide a strong incentive.

If this is indeed a project that the Mideast feels is a worthwhile expenditure (about which each assembly member should research and come to a conclusion on their own), it is recommended that a more advanced subsidy structure, promoting large investments with gradually increasing subsidies based on acreage, be amended to this bill.

This office also feels that creating incentives for pilot projects to further research the use of algal fuel beyond basic fuel would be well founded and create the conditions for future innovation in the region.

Regional News

Biweekly Regional Report
Mideast
With the summer rise in gas prices on its way, residents of the Mideast have begun to voice worry about any rise in the tax on gasoline in the coming months.

Midwest
With the passage of the Midwest Healthcare Stuff Initiative, experts predict a sharp increase in the number of applicants to Midwest medical schools to practice medicine. It is recommended that consideration be given to legislation boosting medical education, as well as providing increased funding to the regional program.

Northeast
With the finding of the Atlasian Supreme Court in UNEPSE v. Northeast Region (https://uselectionatlas.org/FORUM/index.php?topic=113892.msg2454398#msg2454398) in favor of the union, UNEPSE president Richard Stern has called for a renewal of negotiations with the region to prevent a follow-up strike. He was quoted as saying, "The lack of a readily available contract is a problem that can only be repaired through good-faith bargaining by the union and the region."

Pacific
Residents of the Pacific region have been stumbling around daze and confused for two days now after the Pacific Legislature called up eight pieces of legislation for a vote. Experts believe that the sudden activity after a period of relative dormancy may have caused what scientists term a "collective head rush."

The Office of the GM commends the region on its efforts to reduce overlaps and redundancies that have cost the region millions of dollars. Specifically, the Universal Health Care Act Repeal, which removes portions of a law that was superseded by federal efforts to expand health care, is estimated to save the region $1 billion over ten years.

Southeast
As stated previously, a study of the region's prisons finds that 90% of non-free-range prisons are at or above capacity, with the remaining 10% nearly there. The packed prisons comes at a cost to both the taxpayers and the prisons, burdening the system with growing costs and making it difficult for prisons to account for all prison activities. The region should look into expanding capacity and staffing, lightening restrictions on free-range prisons or reducing penalties for some non-violent crimes.

Experts estimate that the Southeast region will be hit the hardest by rising gas prices as the summer months loom ahead. The Office of the GM recommends movement on the creation of domestic sources of alternative and renewable energy sources to help alleviate the growing pressure on Southeastern families.

National News

Residents of Bakersville Protest Nuclear Waste Reprocessing Plant
Earlier today Secretary of the Interior Al announced (full text below) that the DoI had decided on Bakersville, California as the site of a large-scale reprocessing station for spent nuclear fuel.

The decision was made pursuant to FL 32-10 (https://uselectionatlas.org/AFEWIKI/index.php/Nuclear_Waste_Reprocessing_Act), the Nucler Waste Reprocessing Act, signed last August by President Lief, which attempted to spur the investment in nuclear fuel as an alternative energy source for Atlasia. The law calls for the creation of waste reprocessing plants in "areas with few inhabitants and limited environmental sensitivity, with no nearby sources of freshwater and no exploitable water resources."

Many in Bakersville and the surrounding area have voiced concerns with the DoI's decision and argue that locating the plant there is illegal and dangerous. The town is home to over 300,000 people and is in close proximity to a number of smaller towns like Oildale and Lamont. Bakersville is also approximately 100 miles from Los Angeles.

Concerned residents have planned a series of rallies on Sunday, April 25 to protest the announcement and spur their representatives into action.

Financial News

Financial Indicators

• ANSE     879 +3 (0.34%)
• $1 Atlasian = $0.91985 World Index (-0.02101)
• Crude Oil = $78.89/barrel +0.87 (1.12%)

Analysis:
The ANSE remained steady as investors try to anticipate the next step in the public sector labor dispute in the Northeast. Meanwhile, forthcoming infrastructure investments in the Mideast boosted construction companies.

The Atlasian Dollar continued to fall sharply as GTO member states took credible steps towards forming a new "global" currency to replace the AD. The discussions reached a fever pitch this week as foreign leaders expressed disdain with Atlasia's hands-off approach.

Oil prices rose slightly as the AD weakened considerably and demand was expected to rise as the summer arrives.

Regional News

Employment & Population Information by Region
The following lists the top three industries in each region in order:
Northeast = Service; Trade and Transportation; Government
Mideast =Manufacturing; Trade and Transportation; Government
Southeast = Manufacturing; Trade and Transportation; Agriculture
Midwest = Manufacturing; Agriculture; Health
Pacific = Government; Trade and Transportation; Education

The following lists the unemployment rate in each region (estimated number in parentheses):
Northeast = 5.2%  (4,261,054)
Mideast = 12.1% (7,108,970)
Southeast = 9.4% (3,488,003)
Midwest = 9.6% (3,562,215)
Pacific = 4.9% (1,893,973)
National = 8.01% (20,314,215)

The following is the breakdown of unionization figures in Atlasia by region (previous figure in parentheses):
Northeast = 14.5% (15%)
Mideast = 17.5% (17.5)%
Southeast = 9.5% (9%)
Midwest = 16% (16%)
Pacific = 21% (20.5%)

Regional News

Regional Budgets Released
Southeast: This region has revenue of $632 billion and expenses of $630 billion, resulting in a surplus of $2 billion. The surplus is mostly a result of increased taxation, in addition to crisis funds from the federal government. The Southeast has also had success curbing lavish expenditures that had been typical of the region before the creation of the Southeast Legislature. It is recommended that surplus revenue be used predominantly to help the continued troubled industries in the Southeast through a combination of tax cuts/credits and subsidies.

Previous budget report of the Mideast. (https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2126912#msg2126912)

Financial News

Financial Indicators

• ANSE     889 +10 (1.14%)
• $1 Atlasian = $0.91442 World Index (-0.00543)
• Crude Oil = $79.86/barrel +0.97 (1.23%)

Analysis:
The ANSE rose as investors as jobless claims dropped and a new infrastructure bill passed in the Mideast. Investors still remain on edge as the labor dispute in the Northeast has been left unresolved.

The Atlasian Dollar fell slightly as commodities, led by oil, rose.

Oil prices rose in anticipation of the summer holidays.

Foreign News

Global Reactions: Assessing SoEA Hashemite's Speech
Atlasian Secretary of External Affairs Hashemite recently gave a speech to the Global Treaty Organization General Assembly (seen here (https://uselectionatlas.org/FORUM/index.php?topic=112593.msg2463011#msg2463011)) in an attempt to reengage Atlasia with the global community. While you can read it for yourself and make your own assessments, below are reactions from world leaders.

---

British Foreign Minister David Miliband

French President Nicolas Sarkozy

South African Minister of International Relations and Cooperation Maite Nkoana-Mashabane

Regional News

Mideast "GI JANE" Act Analysis
The Mideast region has proposed the following legislation to address the unemployment situation in the region:


The Office of the GM projects* that the legislation will save or create 1.5 million jobs over two years at a cost of approximately $3 billion per year. Over ten years, this bill would save or create 2 million jobs at a cost of approximately $10 billion. Current economic trends indicate that the main job-creating portion of this bill, the new employee tax credit, will be utilized at a decreasing rate as the region and nation pull away from recession.

Many of the suggestions in this bill will save money and improve government efficiency over ten years, though the broader impact of these ideas cannot be fully assessed by OGM. It is advised that the Assembly more fully debate the various ways that businesses and individuals could be affected by these changes.

It is recommended that some clauses be further clarified to avoid mis-implementation, such as...
Clause 1: Is this for only one worker or at least one worker? One new job created starting when? When does this credit expire? Is it $2,000 per new worker or a lump-sum of $2,000?

Clause 5: Requires a structure to rate and track all recipients of assistance.

Clause 6: Are these playable or non-playable positions?

Clause 11: Requires fuller consideration of the impact to specific industries, some of which may provide essential or beneficial services at little or no profit.

*Note: OGM could not score Clause 3 of this bill because the current corporate tax rate in the Mideast is unknown.

Financial News

Financial Indicators

• ANSE     897 +8 (0.90%)
• $1 Atlasian = $0.93517 World Index (+0.02075)
• Crude Oil = $79.24/barrel -0.62 (0.78%)

Analysis:
The ANSE rose slowly as cautious investors voice worries of a double-dip recession in Europe. Greek and Portuguese bond yields have sky-rocketed on news that German-led efforts to bail out Greece may not be enough.

The Atlasian Dollar rose sharply as the Euro fell to an all-time low.

Oil prices fell slightly as the AD rose and the Senate discusses additional ways to boost alternative energy sources.

Financial News

Financial Indicators

• ANSE     902 +5 (0.56%)
• $1 Atlasian = $0.94554 World Index (+0.01037)
• Crude Oil = $78.10/barrel -1.14 (1.44%)

Analysis:
The ANSE remained steady as negotiations on a GTO Monetary Fund scheme continue in light of recent events. Meanwhile, losses were countered by industrial company stocks, which rose on the prospects of a less rigid carbon taxation scheme.

The Atlasian Dollar continued its rise as commodities fell and European currency continued to be hit by investor fears of default in the eurozone.

Oil prices fell as the AD increased and expectations for summer demand were lowered.

International News

Reuters: Israeli Military Clashes With Illegal Aid Convoy
Israel could pay a heavy price -- including damage to peace efforts with the Palestinians -- over the killing of 10 international activists on a Turkish ship trying to break a blockade of Gaza.

Islamist Hamas's rival for Palestinian loyalties, secular president Mahmoud Abbas, was quick to condemn the naval attack as a "massacre" -- an ill omen for the GTO-mediated negotiations with Israel on which he embarked three weeks ago.

President Afleitch forcefully condemned the action by Israel, calling it "excessive" and "heavy handed."

Israeli Prime Minister Benjamin Netanyahu, on a visit to Canada when the Israeli raid took place, canceled a planned White House meeting with Afleitch on Tuesday and would leave later on Monday for home, Israeli officials said.

Another delay in negotiations that have been stop-start for almost two decades would hold little real impact. Abbas, with his truncated West Bank mandate, is too beholden to Israel and Atlasia to close the door on rapprochement.

But the possibility of a fallout with Turkey, whose flag was flown on the flotilla and which recalled its Tel Aviv envoy in protest at the naval raid, could deepen Israel's own isolation even as it tries to present Iran as the main regional threat.

Turkey, not yet a member of the GTO, said it would seek a resolution against Israel -- a poke in the eye for Israel and Atlasia, which would prefer to see the GTO sanction Iran for its nuclear program. It is not yet clear if any nation will formally take up resolution in the GTO, though France has made moves to do so.

Israel insisted its commandos opened fire when they were attacked by gun- and knife-wielding activists aboard one of the flotilla's six vessels. At least seven marines were wounded.

But, as with its crackdowns against a Palestinian uprising in the early years of the past decade, Israel will face tough questions abroad about the wisdom of using military force for what are essentially policing missions -- especially when the nationalities of the dead are made public.