Instablogs Global Report-09-September-2008

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Another pullout The ongoing discussion within the Israeli cabinet to compensate settler's who voluntarily ...
Another pullout The ongoing discussion within the Israeli cabinet to compensate settler's who voluntarily decided to evacuate their homes, has left the residents of both the West Bank and Gaza strip enraged. The plan emerged after Israel reportedly offered the Palestinians about 93% of the West Bank which means that dozens of isolated settlements will have to be evacuated. Majority settlers doubt the viability of the proposal and have refused to accept the same given the pitiable condition in which the evacuees of the 2005 Gaza pullout have been forced to live. Most of them are still facing resettlement problems in terms of housing and employment. Many believe that the issue stretches beyond compensation and has much to do with the values and ideology which the current government lacks when it comes to dealing with the Palestinians. The government fails to understand that it is displacing its own citizens to the detriment of its own national interest. How can the proposed pullout buy peace when a similar withdrawal conducted three years back failed to stop attacks from Gaza into Israeli territory? Kenyan turmoil Kenya has obvious reasons to celebrate these days. Reason being the 14 medal won by the country's Olympic team in Beijing and then watching Barack Obama, the son of a Kenyan civil servant accept the Democratic nomination to be president of the United States. But for how will this good cheer last when the country has yet to recover from the post election violence that ravaged the country and pushed forth a fragile coalition that is struggling to take decisions to tackle country's manifold political an economic problems. Since the bloodshed of January and February, the economy's progress has been jerky – whether its agriculture or tourism. Exports have been hit by high fuel prices. The country's stock exchange is trading flat. While the double digit growth seems unattainable the prevailing mistrust between Mr. Kibaki's Party of National Unity (PNU) and Mr. Odinga's Orange Democratic Movement is denting investor confidence. Both the parties must understand that much has already been lost to the mechanisms of fractured, ethnically divided politics in the past, their drift cannot be allowed to create hurdles in further progress. Rising stocks The Indo US nuclear deal is a boon for Indian power and construction firms. The shares of these companies rose this week on hopes of growing business opportunities, after the Nuclear Suppliers Group nations lifted a 34-year-old nuclear trade ban against India. This spells out good opportunities for the companies and the investors engaged in power, construction and power-equipment businesses. State-run NTPC Ltd, power equipment maker Bharat Heavy Electricals, Areva T&D, Alstom Projects, Tata Power, construction firms Larsen & Toubro, Hindustan Construction Co and Gammon India have since the announcement registered a rise in their stocks. The deal will certainly help the growth of few local firms with expertise in building nuclear power plants. Low competition and inadequate expertise could ensure strong business potential for companies already present in the segment. The construction of new nuclear power plants will also help generate economies of scale in terms of infrastructure, employment opportunities etc. Gods protecting geek gadgets In high-tech Japan, not only programmers provide protection from viruses and other computer bugs, but also the gods. At Tokyo's Kanda-Myojin Shinto shrine, the faithful can bring their computer and have the priests use centuries-old ceremonies to ask the gods for help and protection for their computer. The shrine is located near the Akihabara quarter, Tokyo's technology hub and popular destination for geeks and lovers of the latest electronic gadgets. Kanda-Myojin's religious protection services have proven popular among information-technology entrepreneurs in Japan's capital. Shinto is Japan's indigenous religion. Shrines offer protection to the faithful throughout their lives, be it at births or on the road. It is not unusual for priests for a little fee to conduct cleansing and protection rituals not only for people but also for objects, from houses to new cars.