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UAE: influential blog blocked after analysing impact of US financial crisis
Access to Mujarad-Ensan (“Just a man”: http://mujarad-ensan.maktoobblog.com), regarded as one of the United Arab Emirates’ most influential blogs, has been blocked in the country since 12 October. Its author, who often writes about political transparency, free expression and the media, posted an entry on 11 October entitled “Let’s laugh together: our economy is doing well,” in which he analysed the impact of the US financial crisis on the UAE.
After referring to the owners of public companies as “speculators,” he wrote: “I do not know if we are safe from the financial crisis. All I know is that we lack transparency. We are not isolated from the rest of the world. Those who boast of our market’s appeal to foreign investors are currently trying to deny that the crisis is having any impact on this market.”
The online subjects that are most often filtered in the UAE are those regarded as anti-Islamic (such as pornography, gambling and homosexuality). Criticism of the government is also sensitive. The UAE is one of the few countries to have an electronic media law. According to the national telecommunications company Etisalat, just over half the population has an Internet connection. Bloggers and website owners have been calling for the electronic media law to be harmonised with the print media law.
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One Response to “UAE: influential blog blocked after analysing impact of US financial crisis”
Posted on 27 Oct 2008 at 5:26 am by Payday Loan Advocate
We must be happy enough for our economy and current financial situation is still surviving, for the past year many political candidates try and attempt to end this never-ending cycle of economic crisis.
America is bemused by the current economic crisis that mortgage lending has brought on to the country. However, Americans are not the only people affected by such matters on a daily basis. The International Herald Tribune elucidates that the worldwide credit crunch is going on in Europe as well. Small businesses depend upon credit with its suppliers in order to function. A small business owner, Dominique Boudier who runs a printing company, also depends on credit for the production of her company, and her creditors are cutting back their offerings by half. This is an order from the suppliers’ credit insurance companies. Bouldier’s business needs additional cash flow to make up for their major fallback, considering a typical 60-day lag time in which clients pay. As the bank’s hands are tied, the goods of her future seem unclear. Like many banks across Europe, her bank began to put their money to sleep with the European Central Bank instead of investing it back into other banks and the economy as a whole. When liquidity was disrupted and banks began to fail, credit began to dry up. Similar to America’s Federal Reserve Bank, the European Central Bank uses a method based on the ability to create as much fiat money as required. Fiat-money currency loses value once the government refuses to further guarantee its value. We see this in high inflation rates in this demolishing economic world we currently live in. If the banking systems are more responsible, it will, without a doubt, help solve this problem. Until that happens, payday advance loans will absolutely be a smarter alternative for consumers who need immediate short-term relief and can’t bear to wait on an irresolute central banking system.
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