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The four decades of Libyan rule by Moammar Gaddafi that started in 1969 with a 27 year old Bedouin officer in the Libyan army ousting King Idris. It led to change in Libya in the first decade but deteriorated in the next three decades. Libya's support of terrorist groups and plane bombings of Pan Am flight 103 over Lockerbie, and other actions, led to a UN embargo of Libya. The rule of Gaddafi in Libya, as of Mubarak in Egypt led to economic stagnation and suppression of civil liberties, followed by repression, which delayed the development of the Arab countries for several decades. The move from a monarchy to the rule by military officers turned out to be a disaster for the Arab world over these four decades.
The four decades of Libyan rule by Moammar Gaddafi that started in 1969 with a 27 year old Bedouin officer in the Libyan army ousting King Idris. It led to change in Libya in the first decade but deteriorated in the next three decades. Libya's support of terrorist groups and plane bombings of Pan Am flight 103 over Lockerbie, and other actions, led to a UN embargo of Libya. The rule of Gaddafi in Libya, as of Mubarak in Egypt led to economic stagnation and suppression of civil liberties, followed by repression, which delayed the development of the Arab countries for several decades. The move from a monarchy to the rule by military officers turned out to be a disaster for the Arab world over these four decades.
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Original article 11 minutes, gist 1 minute
Original article 11 minutes, gist 1 minute
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Libyan leader Moammar Gaddafi is killed in a firefight between rebels and Gaddafi's forces defending Sirte on October 20, 2011. Sirte was taken by rebel forces with the help of airpower from French fighter jets as part of a NATO led effort.
Libyan leader Moammar Gaddafi is killed in a firefight between rebels and Gaddafi's forces defending Sirte on October 20, 2011. Sirte was taken by rebel forces with the help of airpower from French fighter jets as part of a NATO led effort.
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Original article 6 minutes, gist 1 minute
Original article 6 minutes, gist 1 minute
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Jon Huntsman, Republican candidate for President in 2012, calls for a fee on banks with a size that is above a certain percentage of the GDP. This would cover the cost banks impose on taxpayers when they are bailed out. It would eliminate the advantage banks gain from "too-big-to-fail," a subsidy Huntsman estimates to be one half percentage point in today's market. He points to efforts by the UK and Switzerland for more stringent financial standards than the U.S.
Jon Huntsman, Republican candidate for President in 2012, calls for a fee on banks with a size that is above a certain percentage of the GDP. This would cover the cost banks impose on taxpayers when they are bailed out. It would eliminate the advantage banks gain from "too-big-to-fail," a subsidy Huntsman estimates to be one half percentage point in today's market. He points to efforts by the UK and Switzerland for more stringent financial standards than the U.S.
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