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Crashing the System

6/20/2012

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Since January, 2011, the uprising in Egypt has continued to escalate.  The Egyptian people vowed to bring an end to President Mubarak, remedy what went wrong, remove him, and overwrite the constitution to restore Egypt.  A great deal of people are scratching their heads, wondering what went wrong.  The military has fought long and hard against the Egyptian people, wearing them down, and then sending them to the polls to elect a new power.   The official results are due to be announced Thursday, June 21, 2012.  As votes are being counted, both sides claim victory, citing their opponent is a liar and they are the true winner.

There are those who worry the nation will lose its' secular state if Islamist candidate, Mohammed Morsi wins the election.  Others view they have made no progress at all if Ahmed Shafik becomes president, as he was prime minister during President Mubarak's reign.  They can continue along the lines of the previous government, or accept the position of The Brotherhood who slid in their agenda of government takeover, while representing themselves the solution to the problem.  Some are said to be casting their vote for the one who will do the least amount of damage. 

Some of the common causes for system crashes include registry errors, malware (according to dictionary.com thesaurus ― "Did you mean military?", or a capricious power source.  In the case of Egypt, all of these common causes have played their part in crashing the system.  President Mubarak held power for thirty years; some argue this was due to electoral fraud.  In 2005, which was his first multi-candidate election, President Mubarak was said to have an unfair advantage as some folks claim the opponents names were missing from the ballot.  The previous president's power, much like the news of his health, was erratic.  During his reign there were accusations of corruption, misappropriation of funds, and murder charges regarding his orders to kill demonstrators.  Over the last couple days, he has been declared "clinically dead", on life support, and most recently in a coma removed from life support.  The Supreme Council of Armed Forces (SCAF) has held the power since President Mubarak stepped down last September, and is suppose to relinquish that power to the next president.

Mohamed ElBaradei, international diplomat and presidential hopeful, recently withdrew his bid for the presidency due to the military's ongoing power.  It has been said that Mr. ElBaradie, predicted the uprising a month prior to when it began.  Upon withdrawing his bid, he indicated that the revolution failed, as it appeared the military picked up where President Mubarak left off.  Mr. Mohamed ElBaradei, holds a Nobel Peace Prize, and was interested in bringing a democracy to the Egyptian government.  His withdrawal narrowed the choice for a candidate to Mohammed Morsi or Ahmed Shafik.

After a crash, it is common to pick up the pieces and restart the system.  The recovery process may take time, as it is necessary to create and format the new system.  For the Egyptian people, this 18 month system crash has produced a blue screen.  They will now attempt to restore their nation to a functional state.  If corruption still exists, it may require exiting the recovery stage and restarting again.        



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Where did you get that information?

6/6/2012

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"European Central Bank chief Draghi sees gradual recovery amid debt crisis."  Sounds like an encouraging headline, unless you read the associated press article taken from FOX.  The New York Times reflects a different view of the ECB crisis and the likes of Mario Draghi, "A Terse Warning for Euro States: Do Something Now."  Yesterday there were concerns about Spain, yet today we learn it's too late for them.  Reuters headline as of 6:03AM this morning, "EU edges toward banking union, too late for Spain."

There has been some speculation that rates could be cut below one percent, in order to restore faith in the euro.  For now, the ECB will remain at 1 percent.  Banks are encouraged to borrow as long as they can prove they have the collateral to support their debt.  This is where Spain went wrong, as the Spanish Banks are the largest holder of Spanish Bonds.  A country whom derived most of their debt from plunging real-estate values allowed their banks to invest much of their assets in Spain's debt.  Now neither the Spanish Banks or the Spanish Government have the collateral to support thier debt.  They may wish to follow the Greeks in their avoidance of debt collectors.

When a represenitive from the Greece Financial Crime Unit arrived the Greek island of Naxos in search of tax evadors, a local radio station tipped off the people with his license plate number.  It was a quiet day on the island, proving to be one of the best for folks to remain indoors.  It should come as no suprise that even when those who owe money surface, they don't have the money to pay.  Salaries throughout Greece are taking cuts of up to 50% while tax rates are constently rising.  Perhaps they should have followed the Polish.

The Polish are leading the EU as being the only ones in the European Union to increase borrowing costs this year, but they will also remain steady for the time being at a rate of 4.75%.  Poland faces a high unemployment rate, and high inflation.  However, out of the countries that make up the Euro Zone, they have proven to be the strongest.  Poland is expected to continue its growth, even if its at a slower rate.

With all the destruction that continues to deflate the Euro Zone, China is concerned that its economy may suffer from reports of it air quality.  The particles that reside in smog may be linked to cancer or respretory infections, so bring on the tourists.  Chinese officials have ask that those who reside in the nations outside of China stop with the tweets of their air data.  They argue that there are areas of China that wouldn't feel like a razor blade slicing through the lungs, but the air in those areas never gets included in the reports.  They argue accurate information can't come from the reading of just one machine.   

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    My banter was on current affairs and ran from 2011 - 2016. I currently enjoy writing satire and horror shorts.

    I chose themes to run against each current event to bring some entertainment to my Banters. I began writing the banter in February 2011, and wrote my last in February 2016.

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