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The United States is the only major economy that trades less with Africa now than six years ago. PDF Print E-mail

By The Globalist, September 9, 2014


Credit: stanga Shutterstock.com

US oil imports from the African continent have plunged this year to a 40-year low.

The US is losing market share to other nations in Africa.

The United States is the only major economy that trades less with Africa in 2014 than it did before the global financial crisis in 2007-08.
The drop in trade is in part due to a collapse in U.S. oil imports and increased shale production at home.
The shale revolution was supposed to liberate the United States from Middle Eastern oil.
Instead, it has brought oil independence from an unexpected location — Africa.
In 2014, U.S. oil imports from the African continent have plunged to a 40-year low.
The decline of imports from Africa has weakened the most important economic link between the United States and the continent.
Six years ago, the U.S.- Africa oil trade was worth $100 billion a year.
If the trend of early 2014 holds, it will be worth $15 billion this year.
This trend also signals that the United States is losing market share to other nations.
Sources: U.S. – Africa Trade Wanes After Shale Revolution by Javier Blas (Financial Times) and Source: GE warns that closing ExIm Bank would hit US-Africa Trade by Geoff Dyer (Financial Times)

Pallo – another uppity darkie brought down? PDF Print E-mail
By Moegsien Williams 
Group Editor, The New Age
So, the liberal media would like us to believe that Pallo Jordan is a faux intellectual? 
Much is being made since the weekend about Jordan's paper academic qualifications that could not traced at various foreign and local universities. 
One can sense the schadenfreude in certain quarters, the high fives and the fist pumps. Ah, another uppity darkie brought down! One of the brightest in the ranks of the African National Congress has been put in his place, has been the tone of the reportage.
We are led to believe he is really just an intellectual pygmy, a liar about his qualifications.
Who defines whether Jordan is suitably qualified? First, he has a superb struggle pedigree. He was born in 1942 in B Location, Kroonstad in the Free State, the son of novelist Archibald Campbell Jordan and Priscilla Phyllis Jordan, a teacher and lecturer. Both his parents were members of the Non-European Unity Movement.
He started at the age of seven selling copies of the Torch, the NEUM’s publication. He left the country in 1962 and worked fulltime for the ANC from 1975 as a researcher and deployed to Angola in 1977 to run Radio Freedom. He was also involved in Mkhonto we Sizwe and later appointed as one the ANC’s chief propagandists, eventually becoming the director for information and publicity in Lusaka.
After the unbanning of the ANC, he had stints in the cabinet as minister of Posts, Telecommunications and Broadcasting in Nelson Mandela’s cabinet. He aslo served stints as minister of Environment Affairs and Tourism and as minister of Arts and Culture in Thabo Mbeki’s cabinet.
With or without qualifications, his is undoubtedly a distinguished history of service to the overthrow of apartheid and the creation of a new South Africa.  
But personal experiences tell their own story. For those of us who have engaged him, sparred with him intellectually, who were hosted by him in Lusaka before the unbanning of the ANC or had him at the other end of a phone, withering in his criticism about a mistake in one of our newspapers, Jordan is an intellectual of outstanding quality.
If reading degrees is about, well, reading, he is extremely well read. Others will be able to speak about his courage when he was locked up by the ANC in exile, mainly because of his outspokenness.  
Hundreds if not thousands of ANC members who crossed his path at conferences or NEC meeting will tell about his well-honed debating skills, a preparedness to be the odd man out when weighty decisions have to be made. His willingness to take a stand based on principles.

Last Updated on Monday, 22 September 2014 20:04
Manjra rebuttal of Helen Zille on the Middle-East PDF Print E-mail

by Shuaib Manjra

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Last Updated on Saturday, 02 August 2014 10:18
5 Facts on the Biggest Predicament for Israel PDF Print E-mail

Adverse demographic trends are at the heart of the problems for Israel.
By The Globalist, July 31, 2014

1. The population of Israel at the end of 2012 was just under 8 million.

2. Of the 8 million people living in Israel in 2012, three-quarters were Jewish – and just over a fifth Arab (with some Christian and Druze).

3. In the whole land controlled by Israel, including the West Bank and Gaza Strip, there are now about 12 million people.

4. As of April 2012 Jews constituted a minority in the lands under Israeli rule – 5.9 million Jews compared to 6.1 million non-Jews.

5. The Jewish minority in land controlled by Israel is growing smaller, given that the Arab birth rate is higher.

Source: The Central Bureau of Statistics (Israel) and Israel:drifting towards disaster? (Prospect).


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