THIS WEEK'S GLOBAL OUTLOOK
Weekly Outlook for November 2: This week’s outlook reports on Delaware’s secretive Financial Center, Europe’s quiet power, Kenya’s devastating droughts, an underwater Cabinet meeting in the Maldives and South Korea’s struggle for better attitudes toward race relations. Click Read More for the entire report.
The Weekly Outlook is an editorial briefing for wejetset’s online magazine. Each week we scan international news and aggregate the stories that will likely impact their respective region and possibly the world. From economic issues to politics, we strive to deliver news links that will be useful to our readers as they navigate their local and global spaces.
Who needs to hide money in Switzerland when there’s Delaware! “Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.”
Don’t sleep on Europe’s Industrial might. “It’s often easy to view Europe as an aging continent in terminal decline. Pundits and politicians lament that the European Union is weak, riven by conflict, and unable to translate its size and wealth into hard power. Or, as British Foreign Minister David Miliband put it last week, ‘the European whole is less than the sum of its parts.’Yet such charges of drift and decline miss a stark reality. As the 20th anniversary of the fall of the Berlin Wall arrives next week, Europe finds itself more united, prosperous, and secure than at any time in history.”
Droughts are taking a toll on Kenya’s nomadic populations. “The traditional way of life for Kenya’s roughly three million nomads is rapidly giving way under the pressures of increasingly severe and frequent droughts, coupled with a rapidly rising population. In one particularly drought-prone district in Kenya, up to a third of the herdsmen have had to settle permanantly because they have lost so many animals.”
Let’s meet under water. “Members of the Maldives’ Cabinet donned scuba gear and used hand signals Saturday at an underwater meeting staged to highlight the threat of global warming to the lowest-lying nation on Earth.”
South Korea faces conversations of race as birth rates decline and the number of foreign residents increase. As reported by the NY Times: “South Korea, a country where until recently people were taught to take pride in their nation’s ‘ethnic homogeneity’ and where the words ‘skin color’ and ‘peach’ are synonymous, is struggling to embrace a new reality. In just the past seven years, the number of foreign residents has doubled, to 1.2 million, even as the country’s population of 48.7 million is expected to drop sharply in coming decades because of its low birth rate.”
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