The government wants motorists to reduce their speed to cut Spain’s fuel bill amid rising oil prices. But will forcing drivers to go 10 kph slower save anyone any money and, more to the point, cushion the impact of the North African uprisings on the Spanish economy, as the government evidently hopes? Though physics dictates that drivers would indeed see some savings, economics, unlike physics, is not an exact science and chances are that the lower speed limit on Spain’s highways, effective from today, will do little to protect the economy from rising energy costs. Instead, the rush to impose a new law reducing the highway speed limit from 120 kph to 110 kph smacks of desperation. Not … [Read more...] about A new slowdown in Spain
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FARC, ETA and Al Qaeda: the terror connection
When the US Drug Enforcement Administration announced in December that it had arrested three suspected Al Qaeda operatives in Ghana and brought them to the United States to face drug-trafficking charges, investigators unveiled some astonishing allegations. The defendants had offered to help rebels of South America’s oldest active guerrilla front, the Revolutionary Armed Forces of Colombia (FARC), traffic cocaine into Spain using North African routes. While there had been speculation regarding such a connection in the past, this was the first time US law enforcement authorities had linked the dots between Islamic extremists and the FARC in a criminal indictment. Then in early March, … [Read more...] about FARC, ETA and Al Qaeda: the terror connection