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How noble are Nobel prizes? By Badrya Darwish
badrya_d@kuwaittimes.net
I
’m proud that an Arab woman from Yemen last week was one of the three ladies who won the Nobel Peace Prize for 2011. Tawakkul Karman, a young Yemeni journalist, 32 years old, shared the prestigious prize with two other women, Liberian President Ellen Johnson Sirleaf and Liberian peace warrior Leymah Gbowee. The three women will receive medals and a lump sum of around one million euro in Oslo on the tenth of December as this date will mark the anniversary of the founder of the prize, Alfred Nobel. All is well to me. Mabrook (congratulations) Karman on your accomplishment, but if the Nobel Prize was given to Karman on the basis of the fact that she belongs to the Arab Spring movement, why not others? What about the Egyptian activist Asmaa Mahfouz who ignited the Tahrir Square in the 25th of January revolution. This young 27year-old lady simply announced on YouTube that she would stand in the middle of the square in protest and asked if anyone would join her in the fight for freedom for her country. To her amazement, when she arrived at the Omar Effendi building in the Tahrir Square she found a large crowd of young men and women who responded to her call. On this basis, Asmaa was considered the ignition to the Egyptian revolution, much like the Tunisian revolution ignited by Mohamed Bouazizi. On a side note, it would have been a nice gesture if Bouazizi was considered for the prize. I understand that the prizes do not go to dead people. Why not? His family and community could have benefited from such a prize. In the Egyptian revolution, Asmaa did not stand alone. It took only a few days and she was joined by many more young activists including Nawara Najm, daughter of the well-known Egyptian poet Ahmad Najm. Also, Israa Abdel Fatah joined the team in their struggle. How come these people were not considered? What about Wael Al Ghounaim, the young man who played a big role in the organization of the Arab Spring in Egypt? How were all these people overlooked when they were deciding the laureates of the Nobel Peace Prize for this year? What are the criteria or on what basis these juries decide the winners? There are thousands of women worldwide (if we are talking about women only) who struggled and still struggle for the freedom of their countries and their people. For next year, I hope the consideration will be wider and the prize could be shared by many more struggling men and women. That makes me wonder how noble is the Nobel Prize. In 1978, it was given to Menachem Begin, former Israeli prime minister, who shared it with then Egyptian president Anwar Sadat for their joint effort to bring about peace between Arabs and Israelis. In the same year, Menachem Begin attacked Lebanon regardless of his past. Still he got the Nobel Prize.
KUWAIT: HH the Amir Sheikh Sabah Al-Ahmad Al-Sabah poses with members of the Asia Cooperation Dialogue during the inaugural session in Kuwait yesterday. (Inset) HH the Amir delivering the inaugural speech at the ACD. — Photos by Yasser Al-Zayyat
Customs strike halts Kuwait oil shipments By A Saleh and Agencies KUWAIT: All vessel traffic in and out of Kuwaiti ports was halted and oil tanker traffic came to a grinding halt yesterday as Kuwait customs union went on a flash strike, shipping sources said. The customs employees went on the strike demanding salary increments equal to those of their peers in other lines of work. Negotiating with the
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KUWAIT: Clients and officials gather outside the customs office at the port yesterday following a strike by customs union members that halted the complete vessel movement in and out of Kuwait yesterday. — Photos by Fouad Al-Shaikh
Grilling on Thursday as liberals meet to decide Hayef slams education minister By B Izzak KUWAIT: The liberals’ camp is to hold meetings over the next two days in order to take their final decision regarding a proposed grilling of HH the Prime Minister Sheikh Nasser Mohammad AlAhmad Al-Sabah over the government’s failure to deal with the corruption scandal. The liberals, who include the National Democratic Alliance, the Democratic Forum and the Progressive Movement, in addition to the National Action Bloc which consists of six MPs, are expected to announce their decision on Wednesday. The participation of the liberal MPs in a potential non-cooperation vote against the prime minister is very crucial for the success of the vote as the opposition has
demonstrators, Customs Director Ibrahim Al-Ghanim asked the strikers to end the strike and promised to consider their demands. However, they refused to call off the strike saying that they did not trust Finance Minister Mustafa Al-Shamali who had broken promises several times in the past. “All vessel movements in and out of Kuwaiti ports are suspended,” a shipping source said, adding that at Continued on Page 13
KUWAIT: The scheduled 10th Asia Cooperation Dialogue got underway here yesterday under the sponsorship of His Highness the Amir Sheikh Sabah AlAhmad Al-Jaber Al-Sabah, with the foreign minister of the host Gulf state stressing that “economic security” should top strategies of the Asian nations. HH the Amir Sheikh Sabah Al-Ahmad Al-Sabah invited major Asian powers, all members of the Asia Cooperation Dialogue, to gather in the Gulf state for a summit next year. “Kuwait calls for a summit meeting for (ACD) member states in 2012 to discuss all issues related to the continent of Asia... (and) Kuwait is pleased to host it,” he said at the opening of a two-day conference for the 31-member ACD. Sheikh Sabah urged stronger cooperation between Asian countries to avert the impact of the global economic and financial crises. The current ACD summit brings together foreign ministers and senior officials from Asia’s top economies China, Japan, India and South Korea with their counterparts in the world’s leading oil producers, Saudi Arabia, Kuwait, the United Arab Emirates and Qatar, in addition to Iran and Russia. Speaking at the inaugural session, the Deputy Prime Minister and Foreign Minister Sheikh Dr Mohammad Continued on Page 13
claimed that it has the support of around 18-20 MPs and it desperately needs the support of liberals to secure the required 25 votes. The liberals have played an effective role in the campaign against corruption and specifically against the corruption scandal involving a large number of MPs but their support of a non-cooperation vote is not yet certain. The proposed grilling of the prime minister is expected to be filed on Thursday by at least two blocs, the Popular Action Bloc and the Reform and Development Bloc and if the National Bloc agrees, it is highly expected to take part with one of its MPs. The two blocs have already prepared the draft grilling and is expected to be ready either today or tomorrow and will Continued on Page 13
Kuwait ready to invest in Europe: Al-Shamali DUBAI: Kuwait is open to any investment opportunities in Europe if they are compatible with risk controls, the OPEC member’s Finance Minister Mustapha AlShamali was quoted as saying by the state news agency KUNA yesterday. Kuwait, the world’s No 6 crude exporter is one of the richest countries globally with its sovereign wealth fund, Kuwait Investment Authority (KIA), managing assets in excess of $290 billion. It owns stakes in Citigroup , Daimler AG and Agricultural Bank of China among other companies. Asked whether Kuwait would consider buying euro-zone government bonds, including Italian bonds, Shamali told KUNA in Beijing: “We are open to any investment opportunities in all parts of Europe, as long as these investments are compatible with risk controls and they fall within our investment criteria.” Italy will test investor nerves with bond issues later this week after its credit
rating was downgraded last week by Moody’s and Fitch. The markets have been speculating that cash-rich Gulf oil exporters such as Qatar might inject money into European banks exposed to cash-strapped governments such as Greece. Saudi finance minister said last month the euro-zone debt crisis was a cause for concern but it might also be an opportunity for investors. In August, Qatar bought about 17 percent of the lender that will be created by a merger of Greece’s Alpha Bank and Eurobank, injecting 500 million euros into the new entity. Shamali said yesterday that KIA’s long-term investment strategy meant it could withstand large market fluctuations caused by the euro-zone debt crisis. “As a long-term international investor, the authority seeks to invest in growing economies across the world, including advanced economies,” Shamali said. — Reuters
STOCKHOLM: Two US researchers won the 2011 Nobel Economics Prize yesterday for research on how different events affect economies and which could help find answers to the current crisis, the Nobel jury said. Thomas Sargent and Christopher Sims, both 68, have developed methods that help answer questions “regardChristopher Sims ing the causal relationship between economic policy and different macroeconomic variables, such as GDP, inflation, employment and investments,” the Nobel jury said. “Their combined work constitutes a solid foundation for modern macroeconomic analysis. It is hard to envisage today’s research without this foundation,” it added. Economies are constantly affected by both anticipated events, like Thomas Sargent long term fiscal policy and shifts in monetary policies, and unanticipated events like sudden hikes in the price of oil or an unexpected drop in household consumption. The laureates’ work in the 1970s and 1980s provides methodologies that facilitate understanding of how both systemic policy shifts and so-called “shocks” affect the macroeconomy in the short and long run. Sargent worked on structural macroeconomics, used to analyze permanent changes in economic policy, as well as the reciprocal relationship between the expectations of the private sector regarding future policy and actual policy decisions about wages, prices and investments. “This method can be applied to study macroeconomic relations when households and firms adjust Continued on Page 13