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  The Atlasia Dispatch-Herald
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Purple State
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« Reply #100 on: October 06, 2009, 11:13:13 pm »

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.
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« Reply #101 on: October 07, 2009, 10:55:47 pm »

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.
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« Reply #102 on: October 08, 2009, 12:27:26 am »

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.
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« Reply #103 on: October 08, 2009, 01:01:37 am »

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.
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« Reply #104 on: October 09, 2009, 12:33:50 am »

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.
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« Reply #105 on: October 09, 2009, 12:03:36 pm »

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.
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« Reply #106 on: October 09, 2009, 01:16:25 pm »

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.
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« Reply #107 on: October 13, 2009, 09:12:38 am »

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.
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« Reply #108 on: October 13, 2009, 10:59:45 pm »

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.
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« Reply #109 on: October 14, 2009, 01:15:14 pm »

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.
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« Reply #110 on: October 14, 2009, 11:58:26 pm »
« Edited: October 15, 2009, 12:42:18 am by GM Purple State »

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.
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« Reply #111 on: October 15, 2009, 09:40:59 pm »

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 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:
Quote
Most states in the northeast currently operate toll roads, tunnels, and bridges. This report provides budget figures for some, but not all, toll authorities. For the sake of simplicity, the revenue of smaller states (ME and DE, for example) has been estimated.

Based on toll revenue, the largest toll collector in the Northeast is the MTA (New York City). These tolls, collected at river crossings throughout the city, comprise $1,273M of revenue for FY2008. A comprehensive review of the MTA shows that the (arguably) high tolls associated with New York City travel are required to keep congestion in the city managable. As such, it is the recommendation of this commission that NYC bridge and tunnel crossings remain tolled for the time being.

With regard to toll roads (exclusive of river crossings), New York State has the most lucrative toll road in the region, the New York Thruway, which collected $597M in FY2008. This is closely followed by the Pennsylvania Turnpike, which saw $593M in revenue for the same fiscal year.

New England states had lighter toll revenues. In comparison, the Mass Pike collected $170M and New Hampshire collected $81M.

Operating expenses due solely to toll collection, which would be saved through an elimination of tolls, is harder to calculate. New York spends about 8% of its revenue in toll collection; NH spends closer to 15%. For the purposes of this study, a baseline figure of 10% will be used to calculate these savings.

Thus, this report finds an estimate of toll collections in the Northeast Region for FY2010, adjusted for inflation and currently scheduled toll hikes: $2.2 billion. Less the 10% savings, the Northeastern government is tasked with filling this approximately $2 billion hole.


To pay for road maintence and debt service on these highways, the Northeastern Legislature must act to replace these tolls with a new gas tax, as specified in the Free Highway Access Act of 2009.

The latest available data concerning consumption of gasoline in the Northeast approximates consumption at 15 billion gallons per year.

Simple math suggests that the Northeast will require an additional 13.3 cents per gallon ($2.2B/15B gal) in gasoline taxes to make up for lost revenue.

To compensate for increasing costs regarding road maintence , associated salaries, and contractual penalties (i.e., private electronic toll collection), this commission recommends an additional 10% of padding to provide for unforseen expenses in FY2010.

It is therefore the final recommendation of this commission to increase the Northeast gasoline tax by 14.6 cents per gallon, phased in over five years as follows:

FY2010: 2.6 cents
FY2011: 5.6 cents
FY2012: 8.6 cents
FY2013: 11.6 cents
FY2014: 14.6 cents

Tolls shall be completely eliminated on Northeast roads (excluding bridge and tunnel crossings) by the beginning of FY2014, with individual toll plazas removed when possible upon recommendation of civil engineering study. The revenue realized from the dedicated gas taxes from FY2010–2013 shall be used to fund the one-time expense of removing toll plazas and providing job placement assistance to toll workers whose jobs will be eliminated.
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« Reply #112 on: October 15, 2009, 11:16:41 pm »

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.
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« Reply #113 on: October 16, 2009, 04:43:48 pm »

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.
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« Reply #114 on: October 16, 2009, 05:10:09 pm »

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.
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« Reply #115 on: October 18, 2009, 12:31:48 pm »

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.
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« Reply #116 on: October 19, 2009, 10:59:34 pm »

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.
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« Reply #117 on: October 20, 2009, 12:38:52 am »

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.
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« Reply #118 on: October 20, 2009, 11:38:06 pm »

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.
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« Reply #119 on: October 20, 2009, 11:44:06 pm »

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.
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« Reply #120 on: October 21, 2009, 11:43:30 pm »

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.
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« Reply #121 on: October 22, 2009, 11:25:36 pm »

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.
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« Reply #122 on: October 23, 2009, 12:35:56 am »

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.
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« Reply #123 on: October 23, 2009, 03:57:16 pm »

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.
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« Reply #124 on: October 26, 2009, 10:28:50 pm »

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, 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.
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