The free market is not to blame in Jordan



In an opinion article carried by the Jordanian newspaper Al Ghad, the economist Jumana Ghunaimat wrote that the government in Jordan was mulling over adopting a welfare state system as a solution to the present economic and social crises.

The economic system adopted throughout the past decade was based on free-market principles, which came at the detriment of people's welfare. A decade after its implementation, many are criticising it because of its sole reliance on the equation of supply and demand.

So any attempt by the government to take extreme measures, such as controlling supply and demand and introducing pricing goods, is likely to be simplistic and unpopular.

It is equally true that the economic programmes introduced failed to ensure a fair distribution of wealth and achieving social justice. As a result, unemployment, poverty and social injustice-related crimes have propagated.

Yet, the free market is not to blame. The problem lies rather in the manner with which successive governments have implemented economic plans, which most of the time lack the far-sighted vision that respond to the population's wants and needs.

Also to blame are the faulty fiscal policies, the indiscriminate distribution of wealth among various regions of the kingdom, a lack of good standards of governance and government performance evaluation.

Libya needs external help to transition

"International intervention is no longer a defect or a source of embarrassment. It has become a popular demand that the masses consider safe and appropriate to oust some corrupt regimes, of which Muammar al Gaddafi is an extreme example," observed Satea Noureddine in a commentary for the Lebanese daily Assafir.

Yet, this does not mean Libyans yearn for a new colonial era. Similarly, the West does not possess the means or the intention to occupy former colonies. The 19th century colonisation campaign was governed by special historical and economic circumstances, which no longer exist.

The Libyan example is more illustrative than the Egyptian or Tunisian one. The latter has got a solid social structure that does not need any foreign intervention to reorganise the state and manage their affairs. Libyans, however, need to be assisted either in killing or arresting Col Gaddafi, and eventually in helping them in the management of the transition period similar to the ongoing one in its eastern and western neighbours.

Libyans are not "a herd of donkeys and rats" or collaborators with al Qa'eda as described by Col Qaddafi. They are simply not ready for self-government, because the regime has destroyed the entire basis that can guarantee a smooth shift of power and immediate functioning of a new system.

Protesters must have an identity in Iraq

The latest protests in Iraq have drawn the political elites' attention to the fact that the Iraqi street no longer accepts corruption and ineffective government, observed Jaber Habib Jaber in an opinion article for the pan-Arab newspaper Asharq al Awsat.

The government has given unexpected concessions, such as abolishing what is called presidency social benefits.

Iraqis have grown aware of the usefulness of protests accompanied by massive media coverage, which attract international public opinion. This helps the process of holding politicians accountable for their acts not only constitutionally but publicly.

Demonstrations in Iraq started when the people realised that the government was involved in fruitless dialogue with political forces about changes to introduce a move that is seen as an attempt to curtail parliament powers and authority. Some provincial officials also acted in irrational ways by focusing on restricting personal freedoms on grounds of protecting national identity instead of performing their assigned duties.

Given the precarious situation of Iraq, protestors should consider protests as a means to achieve demands leading to democratic reforms within the boundaries of the law. They also need to show a clear list of demands and an identity to set themselves apart from saboteurs and profiteers.

A call to abolish sects in Lebanon at last?

Lebanese sectarian leaders perceive Arab protests in a subjective way to suit their political interests, noted the columnist Nabil bou Muncif in an opinion piece for the Emirati newspaper Akhbar al Arab.

It is known that the sectarian makeup of Lebanese society is the shield of most leaders. Yet the latest developments have awakened a glimmer of hope among an almost extinct secular elite for a system that goes beyond rigid sectarian considerations.

"Looking at the present internal circumstances, this is hard to achieve. To abolish sectarianism, this should be done in a decisive manner on two levels: politically and socially. And this is almost impossible in a country like Lebanon.

Similarly, to introduce democratic reforms in Lebanon depends, for the most part, on the willingness of leaders to step down. In Lebanon, they remain in leadership positions for life, taking advantage of a loose system of elections, religious considerations, and some social norms and standards.

It is no wonder then that a personality cult has emerged in Lebanese society. Those "untouchable" political figures are the cause of much democratic crisis that Lebanon endures either within parties proper or in managing the public life as a whole.

* Digest compiled by Achraf El Bahi

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

The Bio

Amal likes watching Japanese animation movies and Manga - her favourite is The Ancient Magus Bride

She is the eldest of 11 children, and has four brothers and six sisters.

Her dream is to meet with all of her friends online from around the world who supported her work throughout the years

Her favourite meal is pizza and stuffed vine leaves

She ams to improve her English and learn Japanese, which many animated programmes originate in

Company%20profile
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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

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'Hocus%20Pocus%202'
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
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Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

The bio:

Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.

Favourite food: My mum’s Chinese cooking.

Favourite film: Robocop, followed by The Terminator.

Hobbies: Off-roading, scuba diving, playing squash and going to the gym.

 

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

UAE squad

Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)

THE SPECS

Engine: 4.0L twin-turbo V8

Gearbox: eight-speed automatic

Power: 571hp at 6,000rpm

Torque: 800Nm from 2,000-4,500rpm

Fuel economy, combined: 11.4L/100km

Price, base: from Dh571,000

On sale: this week

The biog

Mission to Seafarers is one of the largest port-based welfare operators in the world.

It provided services to around 200 ports across 50 countries.

They also provide port chaplains to help them deliver professional welfare services.