here's the october update for A block current events
Created by gocards on Oct 16, 2008
Last updated: 11/13/09 at 09:40 AM
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The Asian Development Bank unanimously approved a 40 million dollar loan to Georgia as Russia began dismantling some of its military checkpoints and NATO envoys came to Georgia to show their support for the Georgian government. However, new problems arose as seven died in an explosion in South Ossetia and Russia claimed that Georgia "tried to provoke a new conflict." Finally, though, Russian troops vacated all checkpoints outside of South Ossetia and Abkhazia and Georgian refugees began to pour back into the country. Russia and Georgia also began their first direct talks since the conflict started despite the fact that the Russian negotiators arrived over an hour late.
The various financial and political leaders of the E.U. agreed to inject huge amounts of money into their banks. This is an attempt to save Europe from the financial crisis that it is currently going through as a result of the Wall-Street bailout. The plunging economy is also most likely a result of the declining working population of the E.U. Government intervention in this case is similar to that of the population crisis that Europe is experiencing. In order to increase the population of Europe, the govrenment has stepped in by offering incentives to encourage growth in new births. While this seems like a good solution to both problems, there can be both good and bad results/outcomes. If the rewards include money, then the government may go bankrupt; especially since the government is also spending cash on keeping the banks alive. People could also take advantage of this by having many children for the cash incentives. Similarly, if they withdraw large amounts of cash in a short period of time, the government will have to inject even more cash into the banking system to keep it afloat, which will result in government bankruptcy. Bankruptcy will cause unrest among the people, which may destabilize the government and its surroundings.
In Jodhpur India, as the doors of a temple were being opened for festive prayer, at least 168 Hindus were suffocated to death by stampeding pilgrims, who had heard rumors of a bomb. 12,000 people participated in the exciting festival, however several were left dead because of deadly riot.
Zimbabwean president Robert Mugabe and opposition leader Morgan Tsvagirai have come to a power-sharing agreement after nearly three months of talks.
After Russia invaded Georgia, the world was outraged by Russia's actions. As a response to these actions, Georgia was considered eligible for membership in NATO and the USA pledged 1 billion dollars to their government. Cheney harshly criticized the Russian government, and other rulers followed in suit. A delegation from the European Union went to Moscow to negotiate the removal of Russian troops from Georgia. This worked, and Russia agreed to a limited pullout from South Ossetia. However, the Bush administration spoke out against Russia, fully endorsing the international criticism of Russia. Russia's support of the independence of South Ossetia also led other Russian ethnic groups to hope that Russia would grant them independence, and Putin expressed surprise that the West was coming down so hard on him for his decisions regarding the conflict.
Russian President Dmitriy Medvedev signed two decrees, recognizing South Ossetia and Abkhazia as independent countries. The citizens of those countries cheered for this, but some of the world said that Russia does not have power to recognize those countries as independent.
Robert Mugabe, the current President of Zimbabwe, was victorious in the recent national election between him and opposition leader Morgan Tsvangirai. However, the elections were reduced to a sham when Mugabe's party, ZANU-PF, began to harrass supporters of Tsvangirai, and Tsvangirai stopped his campaign to prevent further violence. Zimbabwe's rampant inflation has made it one of the poorest countries in the world, and it is in desperate need of peace.