Why States Fail and How States Recover – ANALYSIS
Somalia and its twin Somaliland are prototypes of states that fail and states that recover. The difference between Somalia and Somaliland is the difference between a peace owned and a rent-seeking peace. Local ownership is but one aspect of the conditions for state recovery.
Tackling the Islamic State Group May Require a Softer Approach on Social Media in Malaysia and Indonesia
In response to the rise in Indonesian and Malaysian fighters joining the extremist Islamic State group (IS), Jakarta and Kuala Lumpur have taken action to criminalise membership. The Indonesian Ulema Council (MUI), the nation’s top Muslim clerical body, also released a statement that it was haram, or forbidden, for Muslims to participate in Islamic State group activities. Malaysian Prime Minister Najib Razak has also issued a strongly worded statement condemning IS for its actions, which ‘run counter to Islamic faith, culture and to common humanity’.
Secrets Of The Fed Dallas Fed President Interviews Former Federal Reserve Chief Paul Volcker
Former Federal Reserve chairman Paul Volcker thinks a lack of discipline in financial markets and speculative banking investments led to the financial crisis of 2007-08. That’s what he told a roomful of fellow economists and business leaders last night at a global economic conference at the Federal Reserve Bank of Dallas. Dallas Fed president Richard Fisher led a question-and-answer session with Volcker, who is best known for taming inflation in the 1970s and 1980s and, more recently, helping to pass a federal regulation restricting U.S. banks from making risky investments that could lead to their failure.