By Luisa Frey
♦ “Assad is using starvation to commit his murders”, says FT columnist David Gardner. The many Syrians who face starvation are victims of a “silent massacre”, which does not seem to call as much international attention as the use of sarin nerve gas did.
♦ In Roula Khalaf’s opinion, Egypt is in the wrong path and deposed president Mohamed Morsi’s trial is a clear sign of that. As military rule creeps back, it seems that a much broader intolerance is setting in.
♦ Somalia’s pirate king Mohamed Abdi Hassan wanted to be immortalized on the big screen as a seafaring bandit and got arrested instead. He was caught by the police in Belgium, where he wanted to consult on the film based on his life. Known as “Afweyne” (“big mouth”), the pirate made Somali piracy into an organized, multimillion-dollar industry.
♦ Somali piracy is so lucrative that the Global Post asks: “Do you earn more money than a Somali pirate?” The World Bank, the United Nations Office on Drugs and Crime and Interpol’s Maritime Piracy Task Force estimate that the owners of 179 ships hijacked between since 2005 paid out ransoms totalling over $400m.
♦ In Murder on the Mekong, a report supported by the Pulitzer Center on Crisis Reporting, Jeffe Howe writes about the largest massacre of civilians outside of China in over half a century. It all happened in 2011 in the Golden Triangle – the borderlands between Burma, Laos and Thailand – and was first explained by Thai military commandos as a regular confrontation with drug runners. Read more
♦ From our comment pages: “How a digital currency could transform Africa“.
♦ Pigs’ trotters are crucial to the advancement of lowly Chinese Communist party officials.
♦ Some interpreted the Westgate attack in Kenya as a sign of al-Shabaab’s weakness, but there are signs that it is regrouping and recruiting new members, becoming “an extended hand of al-Qaeda” in the words of Somalia’s president.
♦ US trade policies are driving the global obesity epidemic, even as its own citizens get healthier.
♦ The Dutch real estate market is getting a new lease of life.
♦ A Egyptian general ousted under Mohamed Morsi has been rehabilitated by his protégé Abdel Fattah al-Sisi, and put in charge of the general intelligence service.
♦ South Korea is aggressively targeting US technology for its own use in a variety of Korean weapons programmes, according to Foreign Policy.
♦ Modern Korea, with its electrical power lines, is encroaching on older villages and farmland. Villagers have protested through self-immolation, demonstrations in Seoul and even a two-year sleep-in.
♦ The Afghan government attempted to form an alliance with Islamist militants in the hope of taking revenge on the Pakistani military. Read more
♦ Gillian Tett speaks to Alan Greenspan and finds he is prepared to admit that he got it wrong – at least in part.
♦ The White House glitches have gone further than Obamacare, as the administration has been continuously caught off guard by recent crises from Syria to spying, says Edward Luce. And the president gives few signs of having found a learning curve.
♦ France’s central bank governor, Christian Noyer, says Europe’s financial transaction tax poses an “enormous risk” to the countries involved.
♦ Spain’s mini gold rush in the country’s north is part of a broader movement by foreign investors seeking to turn Spain’s woes to their advantage. It also shows some of the difficulties of investing despite a more positive outlook.
♦ Ikea has sent self-assembly huts to Ethiopia to house Somali refugees – and they could soon be used as alternatives to tents elsewhere.
♦ Josef Joffe, editor of Die Zeit, looks at the history of top-down capitalism and wonders whether China can sustain its astounding growth.
♦ The art world may be marvelling at China’s booming market, but many transactions have not actually been completed and the market is flooded with forgeries. Read more
Janet Yellen’s nomination for the Fed chairmanship is a significant mark in the history of female central bankery – mainly because there isn’t much of a history.
As Claire Jones, the FT’s economics reporter, points out: advanced economy central banks are severely lacking in female representation in their upper echelons.
In other markets, however, women have more of a presence in monetary policy. Outside of advanced economies, the list of women at the head of central banks is longer than the list of women on the ECB governing council (0).
Gill Marcus (Getty)
South Africa: Gill Marcus spent time in the UK as her parents were anti-apartheid activists in South Africa. She joined the ANC and worked for its department of information and publicity, then returned to South Africa after the ANC ban was lifted. She was appointed deputy minister of finance in 1996 and became deputy governor of the South African Reserve bank in 1999. After a few years working outside the central bank system, she was appointed governor in November 2009. In 2010 she said, “Developing countries are more conscious of women’s emancipation – we’ve all got better statistics in relation to gender than in the developed world.“ Read more
In our Reporting Back series, we ask FT foreign correspondents to tell us about a recent trip. Katrina Manson, the FT’s east Africa correspondent, tells us about her visit to Somaliland.
Why now? It was the perfect chance to visit the annual Hargeisa International Book Fair, now into its sixth year. For a nation that wrote down its script only 40 years ago, traditions of poetry and oral history still dominate – whether in assessing the value of a camel, the improprieties of a corrupt state or the riches of secret romance. For six days, writers from Kenya, Nigeria and the UK fly into the small capital as it celebrates its nomadic traditions with daily readings, dance, music and book sales of works from local favourites to Anton Chekhov and George Orwell. Read more
♦ Michela Wrong thinks the events at Westgate mall jeopardise international justice because the west has realised that it needs Kenyatta and Ruto.
♦ On paper, Ted Cruz looks like a country club establishment Republican, but with every sentence he uttered in his 21-hour “filibuster” against Obamacare, he made clear that his primary mission in Washington was to rid his party of any lingering remnants of compromise.
♦ Xan Rice speaks to Ahmed Jama, the owner of a successful restaurant in London and a naturalised Briton, who decided to return to Mogadishu, Somalia’s capital, and open a restaurant there, even while Somalia was at war.
♦ As conventional oil reserves diminish, the Kremlin is pinning its hopes on Siberian shale to maintain the nation’s standing, but stern geological and commercial challenges lie ahead.
♦ Dozens of Nepalese migrant labourers have died and thousands more are enduring appalling labour abuses in Qatar. A Guardian investigation reveals how Nepalese workers died at a rate of almost one a day this summer labouring in preparation for the World Cup.
♦ Richard Gowan, associate director of the Centre for International Cooperation at New York University, asks how much the UN’s moral voice is worth as a peacekeeping tool. Read more
♦ China’s political elite at the Central Party School are beginning to consider the unthinkable: the collapse of Chinese communism.
♦ Since Kenya sent troops into Somalia to fight al-Qaeda-linked jihadists in 2011, the risk of reprisal has been growing.
♦ Janet Yellen, the frontrunner to replace Ben Bernanke, is “motivated by genuine fascination with the questions she deals in” and seems to be unusually well-adjusted.
♦ Secret recordings have revealed Hosni Mubarak’s belief in far-fetched conspiracy theories and his worry that Washington was trying to oust him as president.
♦ The veteran foreign correspondent who lent credibility to a claim that Syrian rebels had admitted responsibility for the August chemical attack has denied writing the article.
♦ Vienna has adopted “gender mainstreaming” in its urban planning, to take account of how women move about within the city. Read more
By David Gallerano
♦ Somaliland works to be the gateway to a landlocked Ethiopia and to secure long –awaited international recognition.
♦ Communal violence rises in the highly Christian-populated cities of Southern Egypt.
♦ Quartz reports on how the Iran government retained control of a skyscraper in Manhattan for 35 years.
♦ The New York Times profiles the Russian foreign minister Sergei Lavrov: “One of the most knowledgeable and respected foreign policy actors in the global village”, a veteran diplomat who enjoys whiskey and cigars, Lavrov is the advocate of an international system based on state sovereignty and status quo stability.
♦ Nonetheless, he is no stranger to the use of questionable sources, and few days ago he used a video analysis by a Lebanese nun to contradict claims that Assad has employed chemical weapons in the Syrian conflict.
♦ Turkey becomes Somalia’s largest non-OECD donor while Somalia returns the favour by granting concessions on key national infrastructures.
♦ A new book claims that Hollywood studios collaborated with Hitler and helped to finance the German war machine. Read more
By Catherine Contiguglia
♦ The signing of a contract between the Somali government and UK oil and gas exploration company Soma to collect data on onshore and offshore oil has been called non-transparent, and raised concerns about whether oil politics could destabilise the country’s fragile recovery.
♦ Prague’s CorruptTour agency is selling out bookings for their Crony Safari that brings tourists to a sites connected with the most famous corruption scandals – from an address registered by 600 companies to a school where cash can buy a degree.
♦ The monetary tightening by India’s central bank could close credit arteries and make it difficult for the country’s banks to cover a mass of rapidly souring loans, writes Reuters’ Andy Mukherjee, as short term funding costs have increased during a time where the economy has slowed and the stock market is slumping.
♦ The drive by policy makers to put Fannie Mae and Freddie Mac out of business doesn’t make any sense, writes Joe Nocera, as they are no longer bullies, are making the government money, and are necessary to uphold the core of American housing finance.
♦ The sit-ins being held around Egypt by those in favour of reinstating President Mohamed Morsi will likely not work, according to an analysis by Foreign Policy’s Erica Chenoweth, as studies show that nonviolent campaigns must follow a strategy of carefully sequenced moves, or they can end in catastrophe. Read more
In our Reporting Back series, we ask FT foreign correspondents to tell us about a recent trip. Katrina Manson, the FT’s east Africa correspondent, tells us about her visit to Somalia.
Why now? It’s a rare day anyone can say the future looks bright for Somalia, but for the first time in years, the state preyed on by jihadis, pirates and warlords has a shot at stability. The most significant success came towards the tail-end of 2011, when African Union troops forced out al-Shabaab, the al-Qaeda-linked Islamists, from the capital Mogadishu.
On guard: a pirate on the Galmudug coast.
Ever since, diplomats, donors and Somalis have been hopeful. But Somalia hasn’t had a functioning government for the past 22 years. Everything needs to be done and all gains are fragile. Relations between a new, weak central government and clan-aligned regions are increasingly fractious, al-Shabaab launches regular suicide attacks on Mogadishu and still controls much of the southern countryside. This month, the UK hosted a conference dedicated to security, political stability and reform in Somalia. Hundreds of millions of dollars in aid were pledged. Much more is needed, but Somalia’s debts need to be cleared first. Read more