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Headline News 12-07-2012

بسم الله الرحمن الرحيم

Headlines:

 

  • Roubini: My 'Perfect Storm' Scenario Is unfolding now. 2013 will be worse than 2008
  • Drone pilots to get medals for killing Muslims
  • Russia Sending Warships on manoeuvres near Syria
  • 7 of the top ten richest rulers come from the Muslim world

 

Details:

Roubini: My 'Perfect Storm' Scenario Is unfolding now. 2013 will be worse than 2008:

"Dr. Doom" Nouriel Roubini says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China. In May, Roubini predicted four elements - stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran - would come together to create a storm for the global economy in 2013. "(The) 2013 perfect storm scenario I wrote on months ago is unfolding," Roubini said on Twitter on Monday. Roubini said that unlike in 2008 when central banks had "policy bullets" to stimulate the global economy, this time around policymakers are "running out of rabbits to pull out of the hat."

Drone pilots to get medals for killing Muslims:

American drones have been used in Pakistan, Yemen, Afghanistan and Somalia that have often resulted in the killing of innocent Muslims. Now the Pentagon is considering awarding a Distinguished Warfare Medal to drone pilots who work on military bases often far removed from the battlefield. Pentagon officials have been briefed on the medal's "unique concept," Charles V. Mugno, head of the Army Institute of Heraldry, told a recent meeting of the Commission of Fine Arts, according to a report in Coin World by our former colleague Bill McAllister. Mugno said most combat decorations require "boots on the ground" in a combat zone, but he noted that "emerging technologies" such as drones and cyber combat missions are now handled by troops far removed from combat. The Pentagon has not formally endorsed the medal, but Mugno's institute has completed six alternate designs for commission approval.

Russia Sending Warships on manoeuvres near Syria:

Russia said on Tuesday that it had dispatched a flotilla of 11 warships to the eastern Mediterranean, some of which would dock in Syria. It would be the largest display of Russian military power in the region since the Syrian conflict began almost 17 months ago. Nearly half of the ships were capable of carrying hundreds of marines. The announcement appeared intended to punctuate Russia's effort to position itself as an increasingly decisive broker in resolving the antigovernment uprising in Syria, Russia's last ally in the Middle East and home to Tartus, its only foreign military base outside the former Soviet Union. The announcement also came a day after Russia said it was halting new shipments of weapons to the Syrian military until the conflict settled down. Russia has occasionally sent naval vessels on manoeuvres in the eastern Mediterranean, and it dispatched an aircraft-carrying battleship, the Admiral Kuznetsov, there for manoeuvres with a few other vessels from December 2011 to February 2012. There were rumours in recent weeks that the Russians planned to deploy another naval force near Syria. But the unusually large size of the force announced on Tuesday was considered a message, not just to the region but also to the United States and other nations supporting the rebels now trying to depose Syria's president, Bashar al-Assad.

7 of the top ten richest rulers come from the Muslim world:

Middle East has most richest the head of states in the world. With most of their fortunes coming from their countries' oil reserves. The Saudi King became the country's leader in August 2005 after the death of his half-brother, King Fahd. Saudi Arabia contains the world's largest crude oil reserves. When oil does well, the king does well. Sultan Haji Hassanal Bolkiah of Brunei for instance, was born into his wealth.


#1. Sultan Haji Hassanal Bolkiah
Country: Brunei
Net worth: $20 billion
National GDP per capita: $48,892

#2. King Abdullah bin Abdul-Aziz
Country: Saudi Arabia
Net worth: $18 billion
National GDP per capita: $23,826
Saudi Arabia have the world's largest crude oil reserves, which the state-owned oil company, Saudi Aramco, and produces more oil per day than any other oil company in the world.

#3. Sheikh Khalifa bin Zayed Al Nahyan
Country: United Arab Emirates
Net worth: $15 billion
National GDP per capita: $48,821
Like fellow neighbors in the Middle East, the president of the United Arab Emirates and the emir of Abu Dhabi's wealth comes from oil. Al Nahyan's net worth dropped from $23 billion in 2008 to $15 billion in 2010, according Forbes reports.

#4. Sheikh Mohammed bin Rashid Al Maktoum
Country: United Arab Emirates
Net worth: $12 billion
National GDP per capita: $48,821
With his effort, Dubai is now a major center for manufacturing and tourism. The prime minister and vice president of the United Arab Emirates, as well as the emir of Dubai owns 99.67% of Dubai Holding, a government holding company.

#6. King Mohammed VI
Country: Morocco
Net worth: $2.5 billion
National GDP per capita: $4,754
Though he has made the fight against poverty a major goal of his tenure as king, yet he himself lives an extremely extravagant lifestyle. The king's 12 palaces spend about $1 million a day, according to Forbes.

#8. Sheikh Hamad bin Khalifa Al Thani
Country: Qatar
Net worth: $2 billion
National GDP per capita: $88,559
He has played a major role in the development of Qatar's oil and natural gas resources. The Sheikh Hamad has been the ruling emir of Qatar since 1995.

#9. President Asif Ali Zardari
Country: Pakistan
Net worth: $1.8 billion
National GDP per capita: $2,791

With most of his wealth coming from sugar mills across Pakistan and stakes in other businesses. According to the Pakistan Daily Zardari is Pakistan's second richest man.

Source: http://www.therichest.org/world/richest-presidents/

 

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