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  The Atlasia Dispatch-Herald
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Purple State
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« Reply #225 on: April 29, 2010, 10:47:11 pm »

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.
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Purple State
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« Reply #226 on: May 02, 2010, 02:09:11 pm »

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.
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Purple State
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« Reply #227 on: May 06, 2010, 10:15:02 pm »

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) 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
Quote
Atlasia's words of reassurance are a strong sign that they are ready to take a more active role in solving the pressing global issues that we continue to face. The prospects for progress on economic stability, development policy, the drug trade and a host of other issues is now greater than at any time in the last year.

French President Nicolas Sarkozy
Quote
It is nice to see that Atlasia decided to attend our summit and take a nominal role in advancing the agenda we put forth. Now let us see if these kind words are followed with real action. The people of the world cannot wait much longer for a reliable leader to dig them out of this hole.

South African Minister of International Relations and Cooperation Maite Nkoana-Mashabane
Quote
We welcome Atlasia's return to the global stage and hope that they are here to stay. There is much work to be done to meet the Millennium Development Goals in Africa, to help children and women and all people live a better and more prosperous life. South Africa lis hopeful for renewed progress and cooperation.
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Purple State
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« Reply #228 on: May 09, 2010, 02:08:55 am »
« Edited: May 09, 2010, 02:15:19 am by GM Purple State »

Regional News

Mideast "GI JANE" Act Analysis
The Mideast region has proposed the following legislation to address the unemployment situation in the region:

GI JANE AMENDMENT
GI JANE will be replaced with the following
Growth. In. Jobs. And. New. Economy.
WHEREAS: Unemployment is at 12.1% in the Mideast with over 7 million citizen unemployed and
WHEREAS: Most citizens are employed in small businesses and consumer confidence is down
BE IT RESOLVED:
SECTION 1:
1.   Any business that creates 1 new job and currently has under 15 employees in the current fiscal year will be given a $2,000 corporate tax credit.
2.   There shall be no waiting period for a business or company to start after government forms are approved.
3.   Drop the corporate tax rate to 22%.
4.   Cut capital gains tax by 4% for incomes over $500,000 and 7% for incomes under $500,000.
5.   Welfare program requires 40 hours a week of, or a combination of, education (to receive a GED), job training, work, or community service, for those that are deemed “fit to work” by the Mideast Government. Every welfare recipient deemed “able to work” must find work within two years of being enrolled in a Mideast welfare program or four years if the recipient is attending education at any level.
SECTION 2:
6.   Departments and committees of government in the Mideast will eliminate overlapping responsibilities, tasks and programs to save tax-payer funding and to guarantee no business has to file or complete the same form or paperwork more than once. Each department and committee will send one representative to a weekly meeting in which they will decide who will have what specific responsibility that they alone will posses. The “Government Employment Committee” headed by an appointee by the Governor, confirmed by the Assembly will lead these meetings.
7.   Eliminate all subsides to farms that are deemed inactive and are paid to not produce or grow crops, livestock, etc.
8.   The Mideast government must buy products and materials to complete projects that are the cheapest on the market when the material is non-essential to safety and not needed for efficiency (examples: toilet, paper clips, hammers)
9.   Projects of the Mideast government carried out by private companies must be chosen based on the cheapest, most efficient budget requested.
10.   Halt Mideast government purchase of land for one year unless in case of emergency related to public health and safety.
11.   Eliminate corporate subsidies for corporations that cannot provide a business plan or execute a plan that will bring in a profit within 3 years or a profit enough to pay off the subsidies in 9 years giving the corporation the option time for research, development, innovation and improvement or let a different, profitable, efficient company replace the failing corporation.
12.   The Mideast “Government Employment Committee” will recommend and advise to cut jobs they deem “unneeded” or not beneficial to the Assembly, Governor or any Department or Committee to eliminate.

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.
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Purple State
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« Reply #229 on: May 16, 2010, 03:36:04 pm »

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.
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Purple State
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« Reply #230 on: May 31, 2010, 09:21:51 pm »

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.
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Purple State
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« Reply #231 on: May 31, 2010, 09:45:02 pm »

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.
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