Sierra Leone UN mission helps disarm 16000 fighters since January

Speaking at a press briefing at UN Headquarters, UNAMSIL’s Chief of Public Information, Margaret Novicki, said the district-by-district disarmament process, which was expected to be concluded by the end of the year, would lead to a restoration of State authority around the country, the return of refugees and the holding of national elections in the early part of next year. But the path towards peace hasn’t been easy, she said.”Last year we had a rather difficult baptism of fire with the collapse of the peace process, the hostage taking of our peacekeepers and the withdrawal of major troop contributors,” Ms. Novicki said. “This time last year there were very few people who were optimistic about the prospects for peace in Sierra Leone.” However, in spite of the obstacles, the Mission is making steady progress and is now in the midst of a renewed peace process, she said. In addition, the rebel Revolutionary United Front (RUF) was transforming itself into a political party to contest next year’s elections. According to Ms. Novicki, one element that had contributed to the significant changes in Sierra Leone was the Mission leadership’s “patient painstaking diplomacy” – which had been necessary to rebuild confidence among the parties to the conflict – backed by an adequately robust military force, now close to its authorized troop strength of 17,500 soldiers. UNAMSIL’s approach over the last year had “many lessons for other UN peacekeeping missions in an era when there are many complex internal civil conflicts to be addressed,” she said.Another reason for the progress in Sierra Leone was the fact that the Mission had worked very hard to regain public support for and confidence in UNAMSIL and the UN. “I will say from my own perspective that it has not been an easy process,” she added, noting that the country had a very high illiteracy rate – almost 80 per cent – and normal channels of communication were either hard-pressed, non-existent or had simply been destroyed by a decade of civil war.”So we rely primarily on the civilian component of UNAMSIL to work in this setting,” she said. “Our civilian police and our civil affairs section are working very hard to assist in restoring State authority throughout the country. We are helping the police to redeploy, to re-establish the judicial system, and to reinstitute traditional leadership.” read more

Japans economy shrinks in 4th quarter driving push for weaker yen

by Elaine Kurtenbach, The Associated Press Posted Feb 14, 2013 3:31 am MDT Japan’s economy shrinks in 4th quarter, driving push for weaker yen TOKYO – Japan’s economy shrank in the last three months of 2012, its third straight quarter of contraction, giving the government ammunition to defend its “weak yen” strategy as necessary to getting growth back on track.The 0.4 per cent contraction in annualized terms in October-December was worse than expected. Many analysts had forecast the economy would emerge from recession in the final quarter of 2012 as the Japanese yen weakened against other major currencies, giving a boost to Japanese export manufacturers.Chief government spokesman Yoshihide Suga acknowledged the lingering weakness in the economy, while voicing optimism over a global recovery.“We also expect our nation’s economy to make a gradual recovery,” he said Thursday.The data predate Prime Minister Shinzo Abe’s administration, which took power in late December with a platform of aggressive spending and monetary stimulus that has helped drive the yen to near three-year lows after years of hovering at much higher levels due to the currency’s status as a “safe haven” for investors.Although the government has not directly intervened to bring the yen’s value lower, its policies have convinced many in the markets that more money will be created, undermining its value. That has brought on a 20 per cent depreciation of the yen against the dollar since October, raising concern over the potential for competitive devaluations of other currencies that could undermine growth.The issue will likely come up at a meeting of top financial officials of the Group of 20 leading industrial and developing countries in Moscow beginning tomorrow.Finance Minister Taro Aso, in a statement to supporters on his official website, said he intended to thoroughly explain Japan’s stance at that gathering.“The world has been awed,” Aso said of the recent surge in share prices and weakening yen that has “brought huge benefits to the export sector.”“All countries want to know how we have done this; it is absolutely not a result of us intervening in foreign exchange markets.”In a statement issued Tuesday, the Group of Seven richest nations — which includes Japan — issued a statement reaffirming their commitment to exchange rates driven by the market, not government or central bank policies.The G-7 statement’s lack of any direct criticism of Japan’s economic strategy encouraged traders to continue selling the yen. On Thursday, the Japanese currency was trading at about 93.50 yen per U.S. dollar. Earlier in the week it hit a nearly three-year low of 94.40.After all that volatility, the G-20 meeting may skirt the issue, said Tony Nash, managing director of IHS Consulting in Asia.“I don’t think there’s a mood for any confusion,” he said. “After all, Japan is the world’s third-largest economy and you want to pull it along.”Apart from favouring a weaker yen, Abe successfully lobbied the central bank to set an inflation target of 2 per cent, aimed at breaking Japan out of its long bout of deflation, or falling prices, that he says are inhibiting corporate investment and growth.However, the Bank of Japan left monetary policy unchanged following a two-day meeting that ended Thursday, noting in a statement that “Japan’s economy appears to have stopped weakening.”The current central bank governor, Masaaki Shirakawa, is due to step down on March 19, and Abe is expected to appoint as his successor an expert who favours his more activist approach to monetary policy.Meanwhile on Thursday, the lower house of Japan’s parliament approved a 13.1 trillion yen ($140 billion) supplementary budget for fiscal 2012, which ends in March, to support the stimulus program.Although the opposition-dominated upper house of parliament may reject the budget, the approval by the lower house, which is controlled by Abe’s Liberal Democratic Party, will prevail.Japan’s growth has stagnated since its “bubble economy” burst in the early 1990s, despite massive investments in public works that have pushed its national debt to the highest level among major industrial nations, at more than twice the size of the economy.Last year began on an upbeat note with annual growth in the first quarter at 6 per cent, spurred by strong government spending on reconstruction from the March 2011 tsunami disaster. But the economy slipped back into contraction in the second quarter and deteriorated further as frictions with China over a territorial dispute hammered exports to one of Japan’s largest overseas markets.For all of 2012, the economy grew 1.9 per cent, after a 0.6 contraction in 2011.Despite the dismal data for last year, many in Japan expect at least a temporary bump to growth from higher government spending on public works and other programs. An index measuring consumer confidence, released earlier this week, jumped to its highest level since 2007, the biggest ever increase in a single month.Earlier this week, Abe appealed to businesses to raise wages to help boost domestic demand and carry on momentum from government spending. Data for the fourth quarter showed that private consumption, which accounts for more than two-thirds of Japan’s economic activity, rose 0.4 per cent in the fourth quarter while housing investment climbed 3.5 per cent. Investment by businesses, however, fell 2.6 per cent and exports dropped 3.7 per cent. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Red Friday deals hit Brock stores and dining services

The Red Friday deals are back at Brock University.At the Brock Campus Store, as well the Outlet store near Guernsey Market, all apparel is buy one, get one free. There will also be $10 hoodies, $5 T-shirts and other sale items available. The main Campus Store location will open at 9 a.m.Dining Services is also marking the annual day of sales with Red Friday deals throughout the day.7:30 – 8:30 a.m. – The first 10 people get a breakfast sandwich for $1 at the Hungry Badger8:30 – 9 a.m. – 12oz classic smoothies for $1 at the Guernsey Market9 a.m. – 9:30 a.m. – Two pancakes for $1 at the Guernsey Market2 – 4 p.m. – Show your staff/faculty card at DeCew or Lowenberger and get a cookie and a medium coffee for $15- 6 p.m. – Buy any entrée, get a medium fountain pop for $1 at DeCew, Lowenberger and Guernsey Market read more