Regardless of whether Obama or McCain won last year’s US presidential elections, today’s event would have taken place either way. Today, Iraq is celebrating “National Sovereignty Day.” The date for today’s US combat troop withdrawal from all Iraqi cities, towns and villages was agreed upon by the Bush administration and the Iraqi government headed by Prime Minister Nuri al-Maliki, who was overly eager to see US combat troops leave (and take credit for it).
Well, it turns out microfinance institutions and microenterprises may very well be.
In an interesting reversal of fortunes, small, flexible and locally connected microfinance institutions seem to be fairing better than their larger commercial counterparts in the current economic climate. Due in large part to flexible business models, locally connected operations (microcreditors tend to know their customers much better), low exposure to the hazy world of high-flying finance, and an attractive product, microfinance institutions are flourishing all over the world.
By lending small amounts to poor people with no traditionally defined credit-worthiness, microfinance institutions are keeping the lower tiers of the world economy afloat, even thriving in parts.
In an insightful photo essay titled ‘Life in a Failed State’, Foreign Policy provides us with a sobering view on what life looks like in some of the most desolate countries in the world.
Haunting images serve as visual reminders of the failure of national governments and the international community to address the conflicts and history of instability and underdevelopment that underlies their fragility.
The 20 top countries on the 2009 Failed States Index are featured, among them: Somalia, Iraq, Pakistan, North Korea, Ethiopia, Yemen and Sudan.
Further, for a rare glimpse into life in North Korea, check out a haunting slideshow by Tomas van Houtryve for Foreign Policy.
“Everyone dies, but not every death has the same meaning.” (Ulrike Meinhof)
It is June. Thousands of students gather on the streets, venting their anger at the Iranian leadership which they consider to be corrupt and dictatorial. Suddenly, shots tear through the air. A young protester taking part in a political demonstration for the very first time, covered in blood, draws some last breath on an empty side road.
That protester is not Neda Agha-Soltan, but Benno Ohnesorg. And we are not talking about June 2009 on the streets of Teheran, but rather of June 1967 on the streets of then West Berlin. And well, the corrupt and dictatorial Iranian leadership is not (yet) to be confused with Mahmoud Ahmadinejad, it is still Persian with Mohammad Reza Shah Pahlavi ruling from the “Peacock Throne.”
Let me say this first: I am definitely not a fan of the Microsoft CEO Steve Ballmer.
When I was working for a German internet service provider, our chief marketing officer thought that showing us a clip of how Steve whips up the people at Microsoft would be a good motivator.
I wasn’t motivated. I was just shocked. This moment fixed my picture of Ballmer for the eternity.
So I was really surprised when I saw an article on paidcontent.org this morning discussing Ballmer’s speech at the Cannes Lions International Advertising Festival.
The same crazy jumping Ballmer that shocked me some years ago said one of the most interesting things I have read about the financial crisis in traditional media in the last weeks:
“I don’t think we are in a recession, I think we have reset,” he said. “A recession implies recovery [to pre-recession levels] and for planning purposes I don’t think we will. We have reset and won’t rebound and re-grow.” Ballmer, named media person of the year at this year’s festival, also painted a bleak picture for the future of traditional media, arguing that newspaper publishers have failed to generate new revenues from the digital opportunity. He said that within 10 years all traditional content will be digital”
I have seen a lot of boring articles about Google killing quality journalism in the last months. Some people were asking if media should be the next industry that has to be supported by the governments. There are still a lot of tradional media companies praying that the hypothesis of Wolfgang Riepl stays true. He said in 1913 that “new media never make the old media disappear”.
We need traditional media to understand the most important questions in international relations, security and foreign policy. Of course we are impressed by the possibilities of the internet and the rising influence of social media like blogs, Facebook or Twitter. Yes, these days the Tweets from Iran are amazing. But as my colleague Rashunda Tramble mentioned in this blog: “Tweetable doesn’t automatically mean reliable.”
Therefore I should probably rethink my picture of Steve Ballmer. Maybe a jumping, stomping and yelling man is needed to wake up traditonal media and save their important role in our understanding of international relations and foreign policy.