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Wednesday, March 2, 2011

Will Libya be going the way of Iraq or Afghanistan?

Midweek By BUNN NAGARA



THE situation in Libya is fast deteriorating, but not as much as the diplomatic environment abroad concerning Libya.

Over the weekend the UN Security Council (UNSC) slapped an arms embargo on the country. The US itself imposed sanctions on Libya as soon as the last American nationals left last Friday.

US officials have since pressured its allies to act similarly. Germany has suspended oil payments for 60 days to stem the funding of Tripoli’s anti-revolt actions.

The US also blocked the international flow of US$30bil (RM91.3bil) in assets belonging to oil-rich Libya. It is the largest amount ever blocked by the US, and among the swiftest actions of its kind.

The US and British governments have also prepared their military forces for action. This week warships and fighter aircraft from the US Sixth Fleet began moving closer to Libya, supported by Australia.

However, Canada, France, Germany and Russia are less keen on another invasion of yet another oil-rich Third World nation. If this looks familiar, it is something of a replay of Saddam Hussein’s Iraq in early 2003.

All vested interests aside, there are some facts and realities that are irrefutable and certain issues that cannot be ignored.

Among the facts is that Libya has seen the worst violence out of all the troubled states in North Africa and West Asia. This has involved virtually every political sector: government, military, opposition groups and the general public.

A fact that follows is that Libya is now embroiled in civil war, despite the denials of Col. Muammar Gaddafi and his aides. After defections in the military, civil service and government departments, elements of a civil war were confirmed with the attacks by Gaddafi forces on rebel troop outposts.

However, the fighting consists largely of sporadic exchanges of gunfire apart from a few aerial attacks on munitions dumps by government forces. Fighter jets for example have hit military stores in Ajdabiya in the east and Rajma to the south.

Gaddafi has denied such reports, while Western sources tend to overplay them. Undeclared interests on each side are in evidence yet again.

Another fact is that Libya’s oil production has been cut by half, which amounts to just 1% of world output. A feared oil crisis resulting from Libya’s troubles has not happened and may never occur.

Pressure on Gaddaffi to expedite his own exit is being applied mostly by the US and Britain. The US-UK axis has much to gain from a Western-friendly post-Gaddafi Libya, along with their ally Israel.

Among the realities is that neither Gaddafi nor his Western opponents possess the moral high ground. The Libyan people opposing Gaddafi know too well what happened in Iraq, and hope Libya will avoid a similar fate.

Add to this the reality that the spiralling violence cannot possibly end in the favour of “M. Gaddafi and Sons,” militarily, politically or diplomatically. There can no longer be “business as usual” whatever happens in the following days and weeks.

The situation continues to worsen in heading for the inevitable showdown. Yet however serious the consequences, they are an internal matter for the country requiring domestic political solutions.

Another reality is that parts of the country continue to ebb and flow between the government and its opponents. There is no clear distinction in territorial control, adding to an already murky situation.

A basic reality that the government needs to accept is that the official institutions of state are broken. They can no longer sustain, much less protect, Gaddafi’s hold on power.

Among the issues is that there is still no basis for anyone to claim global oil shortages or to act accordingly by raising prices. With countries like Saudi Arabia pledging to raise production to offset any shortfalls, self-seeking claims of a global crisis are premature if not spurious.

Politically, there is no clear successor to Gaddafi once he quits the scene. The situation is not unlike Egypt’s, where a shapeless revolution is aimed primarily at removing an incumbent rather than installing a successor.

In the interim confusion, Gaddafi has played the al-Qaeda card and indicated that allowing his government to fall could permit the influx of Islamist extremists. His authoritarian regime brooked little opposition, but his formula of an “Islamic socialism” also kept out militants.

As Western intervention looms, the question is whether a new Libya will be like Iraq, busy with mayhem and militants, or like Afghanistan, where an ineffectual government oversees little other than the prospect of more mayhem and militants.

Tuesday, March 1, 2011

'Chindia' rule the world in 2050?


Will 'Chindia' rule the world in 2050, or America after all?

Economies of China & India will be 4 times as large as the US

With a small tweak in assumptions and the inexorable force of compound arithmetic, Citigroup and HSBC have come up with radically different pictures of what the world will look like in 2050.

Will 'Chindia' rule the world in 2050, or America after all?
US President Barack Obama meets China's President Hu Jintao in London in 2009. Photo: REUTERS
Which of the two is closer to the mark will determine whether the West hangs on, or disappears as a relevant voice in global affairs.
For neo-Spenglerites - who believe the West is finished - Citigroup’s Willem Buiter offers some astonishing projections. The Muslim powerhouse of Indonesia will alone match the combined GDP of Germany, France, Italy, and Britain by mid-century.

The economies of China and India will together be four times as large as the United States, restoring the historic order of Asian dominance before Europe’s navies burst on the scene in the 16th Century. Panta Rei, says Dr Buiter: all is in flux; nothing will remain the same.

Africa will at last emerge from its long string of disappointments to take the baton as the fastest growing region, clocking 7.5pc a year over the next two decades.

It does not require miracles of performance for this to occur. Catch-up countries merely need to keep reforms on track, open markets, “don’t be unlucky, and don’t blow it”, and let convergence theory do the work for them.
Having rid themselves of calamitous nonsense – Maoism, the Hindu model, and other variants of central planning or autarky – and having at last achieved a “threshold level” of law and governance, nothing should stop them, or so goes the argument.

“Sustained growth prospects in per capita incomes across the world have not been as favourable as they are today for a long time, possibly in human history.” Global growth will quicken. GDP will quadruple again from $73 trillion to $378 trillion by 2050 (constant US dollars).

Dr Buiter’s team adds the usual caveats: “beware of compound growth rate delusions;” or “the bigger the booms, the more spectacular the bubbles, and the devastating the busts;” or indeed that “convergence is neither automatic, nor inevitable. In history, it has been more the exception than the rule.”

Argentina is a salutary lesson. Why did it diverge from its sister economy Australia, so similar in trading patterns in the late 19th Century? Why did it fall from the world’s fifth richest in per capita terms in 1900 to a third of Australia’s level a century later?

It is hard to pin-point where the rot began, though Peron clinched decline by bleeding farm wealth to fund his populist patronage, and by forcing the central bank to print the shortfall. Bad policies hurt.

Oddly, Britain will scrape through in Citigroup’s global reshuffle, just holding on as the world’s 10th biggest economy in 2050, the only EU state left in the top ten. It will even overtake the US in per capita terms.

Can this be so? Britain has slipped to 25th in reading, 28th in maths, and 16th in science in the Pisa rankings. Shanghai’s school district takes top prize across all three, ahead of Korea and Finland. While the UK faces a less disastrous ageing crisis than much of Europe, this is thanks to our unrivalled leadership in unwed teenage pregnancies.

HSBC’s report also sketches an era of unparalleled prosperity, yet the West does not sink into oblivion. China overtakes the US, but only just, and then loses momentum.

Chimerica, not Chindia, form the G2, towering over all others in global condominium. Americans prosper with a fertility rate of 2.1, high enough to shield them from the sort of demographic collapse closing in on Asia and Europe. Beijing and Shanghai are 1.0, Korea is 1.1, Singapore 1.2, Germany 1.3, Poland 1.3, Italy 1.4 and Russia 1.4.

Americans remain three times richer than the Chinese in 2050. The US economy still outstrips India by two-and-a-half times. This is an entirely different geo-strategic outcome.

My own view is closer to HSBC, perhaps because my anthropological side gives greater weight to the enduring hold of cultural habits, beliefs, and kinship structures, and because of an unwillingness to accept that top-down regimes make good decisions in the end.

Both studies rely on the theories of Harvard economist Robert Barro, but differ on how easy it is to handle population collapse. The great unknown is what rapid ageing does to creative zest, and how many decades it takes to turn the demographic super tanker.

China’s workforce peaks in absolute terms in four years. While the population keeps growing until the tipping point in the mid 2020s, it is ageing very fast. Hence warnings by Chinese demographers that there may soon be an epidemic of suicides, as the elderly step out on the ice to relieve the burden.

Zhuoyan Mao from Beijing’s Institute for Family Planning said China’s fertility rate had been below replacement level for almost twenty years. “Population momentum” turned negative over a decade ago in Beijing, Tianjin, Shanghai and Liaoning, but the countryside is catching up. “The decline speed in rural areas is faster,” he says.

It is bizarre that China should still cling to the one-child policy, though Shanghai’s local authorities have been encouraging couples to have a second child since 2009. The policy is losing its relevance at this stage, though gender picking (female infanticide, at the ultrasound stage) has left the legacy of a male/female ratio of 1.2 to 1, with all that implies for social stability.

China’s fertility rate is collapsing anyway for the same reasons as it has collapsed in Japan and Korea – affluence, women’s education, later pregnancies that stretch generations, in-law duties, and costly housing. You cannot reverse this with a wave of the wand. The lag times can be half a century.

George Magnus, UBS’s global guru, writes in his book “Uprising” that China faces a “triple whammy of ageing”. The number of children under 14 will fall by 53m by 2050; the work force will contract by 100m; and the over-60s will rise by 234m, from 12pc to 31pc of the total.

Mr Magnus is scathing about the “muddled thinking” of those who fall for BRICs hysteria, or who succumb to the facile conclusion that the global credit crisis finished the West and served as catalyst for a permanent hand-over to Asia.

The crisis also exposed the fragility of Asian mercantilism, even if this has been disguised for now by a stimulus blitz in China that has pushed credit to 200pc of GDP.

I might add that China is depleting the non-renewable aquifers of its northern plains at an alarming place, and faces a separate water crisis from receding Himalayan glaciers.

Cheng Siwei, the head of China’s green energy drive, told me a few months ago that eco-damage of 13.5pc of GDP each year outstrips China’s growth rate of 10pc. "We have an intangible environmental debt that we are leaving to our children," he said. That debt is already due.

Perhaps the 21st Century will be America’s after all, just like the last.


US stays the top Investor in Penang




GEORGE TOWN, Feb 28 (Bernama) -- The United States (US) remains the top investor for Penang with RM7.9 billion in investments last year.

Chief Minister Lim Guan Eng said Penang had recorded Foreign Direct Investments (FDIs) totalling RM10.5 billion in 2010.

"We are proud of the American presence here as 75 per cent of the state's FDI is from the United States," he told reporters after the courtesy call on him by the United States Ambassador to Malaysia, Paul W. Jones, at his office at the Kompleks Tun Abdul Razak (KOMTAR) on Monday.

He said among the top two foreign investment companies from the US in Penang are leading data storage maker, Western Digital Corp and electronic solutions firm, Jabil.

"Penang had the highest total capital investments in manufacturing projects in Malaysia last year at RM12.2 billion with Western Digital Corp contributing about RM4.3 billion while Jabil had RM2.3 billion," he added.

He added that from the early 80s until 2010, the state had attracted about RM26.4 billion in US investments.

Based on figures from the Malaysian Industrial Development Authority (MIDA), Penang's RM12.2 billion in total capital investments in 2010 was a 465 per cent increase from 2009.

Jones said he is proud of the partnership between Penang and the US.

"We are proud that American businessman are still continuing to invest in Penang significantly and also in terms of health and education," he added.

Last year, Malaysia's electronic and electrical sector attracted the highest US investments of RM10.2 billion, followed by the machinery and equipment sector at RM496 million while that for scientific and measuring equipment attracted RM61.7 million.

-- BERNAMA

Monday, February 28, 2011

Big pay hike!

Professionals and top execs set for huge increments
By JOSHUA FOONG  joshuafoong@thestar.com.my



PETALING JAYA: Professionals from the information and communication technology (ICT) sector, accounting and finance industry, banking, logistics and sales have a lot to cheer about this year – their salaries are set to rise by as much as 30% compared with last year.

The Robert Walters Global Salary Survey 2011 for Malaysia has revealed that a wage increase of between 5% and 30% would sweep across these industries this year, partially influenced by inflation rates and market conditions.


The take-home salaries could, in fact, be much higher as these figures are exclusive of bonuses, other benefits and allowances.

Highly-qualified employees with five to 10 years’ experience are expected to benefit from this salary increase as firms in these industries are scrambling to hire and retain the best talents.

“The job market has gradually moved to become more employee-driven. Some firms are even willing to offer premiums to attract good local and foreign talent with niche skills,” Robert Walters country manager Sally Raj told The Star yesterday.

“Salary reviews can range from 5% to 15% depending on market conditions.

“The real jump in salary scale can be seen among sought-after talent – going from 10% to 30%,” she said.
For example, a 29-year-old top investment banker with some six years of working experience can earn up to RM180,000 per annum on his basic salary, she added.

Robert Walters, which has a presence in 20 countries, is among the world’s major professional recruitment consultancies. It is to release the findings of the survey today.

According to the survey, the banking sector will see the biggest salary boom as the wage bracket for investment bankers with five to eight years of work experience increased from RM180,000 to RM288,000 per annum this year, compared with RM157,000 to RM240,000 last year.

Private equity bankers with the same number of years in work experience also saw their salaries upped from RM160,000 to RM264,000, compared with RM126,000 to RM240,000 last year.

In the ICT industry, software, voice and network engineers are expected to see up to a RM5,000 increase in their annual earnings and business application specialists, up to RM10,000 this year.

In the accounting and finance sector, cost controllers and auditors may stand to earn up to RM10,000 more while wages for account managers in charge of taxation and pricing may make some RM20,000 more.

Malaysian Employers Federation executive director Shamsuddin Bardan said while the average wage increment was expected to be around 5.5%, sectoral increases would be evident as these key industries had been given emphasis by the Government.


“Talents, especially in the 12 National Key Economic Areas (NKEA), will be in demand,” he said.

National ICT Association of Malaysia (Pikom) chairman Wei Chuan Beng said the ICT sector, which is one of the NKEAs, would see expansion with demand for highly-qualified and experienced talents to grow rapidly.

The Malaysian Institute of Accountants (MIA) estimates that about 2,500 locally-recognised accounting graduates with an estimated 1,200 members of professional accountancy bodies recognised by the Accountants Act will join the workforce this year.

“Present development which is taking place in various industries, especially changes and development in corporate governance, tightening of accounting regulations, pressure of globalisation and technology advancement across industries are contributing factors towards this trend of expansion,” the MIA said in a stateme

Sunday, February 27, 2011

Price for faster ‘justice’: Sky-high lawyer fees!

By RASHVINJEET S.BEDI rashvin@thestar.com.my



There was public outcry at the Bar Council’s announcement of a 300% to 400% increase in legal fees. Are the lawyers’ demands for the increase justified?

LAWYERS are not exactly the most popular people around and they are often the butt of jokes. In many cases, it has to do with the fees they charge.

Most of us would have heard this universal joke comparing a lawyer to a leech.

Q: What is the difference between a lawyer and a leech?
A: A leech stops sucking your blood after you die. 

Jokes aside, consumers often complain about having to pay steep legal fees if they have to go to court, more so if the cases take a long time to settle. Thus, when Bar Council President Ragunath Kesavan announced last week that legal fees might go up by 300% to 400%, there was, not surprisingly, a public outcry.

Saying there is a price to pay for everything, Ragunath justified the rising costs to the better efficiency of the court system in disposing of cases. He also claimed that lawyers would have more responsibilities, spending more hours on cases and taking up fewer cases.

For consumers, this is certainly no laughing matter. Other than matters based on the Solicitors Remuneration Order (SRO) such as conveyancing, all other legal matters are based on market forces.

 
»It will only go up if there is not enough supply of lawyers« EDMUND BON
Engineer P. Sivarajah is still bitter over his experience with his lawyer several years ago, complaining that he had to spend RM200,000 to get custody of one of his two children.

“They strike you in dire times,” he recounts, adding that his lawyer would demand payment just before a court hearing.

The lawyer, he adds, showed little concern for his children’s welfare and he believes the case had dragged longer than necessary.

*Siew Boon Hiew, who is undergoing a messy divorce, can relate to Sivarajah’s predicament. His case has dragged on for five years and he has forked out almost RM90,000 in legal fees. He has been to court five times and seen his lawyers about 30 times.

“I don’t understand why the legal fees are so high. They are in court for 15 minutes, sometimes for a submission and charge so much,” he laments.

Lawyer *Yaw Koo Lin, however, believes that Ragunath was only expressing his frustration with the Key Performance Index (KPI) system introduced by Chief Justice Tun Zaki Tun Azmi more than a year ago.
Because of the KPI, many lawyers claim judges are harder to work with.

As N. Surendran claims, lawyers are not able to take on as many cases and the ability to make ends meet is reduced.

“So, naturally, they will charge more,” he says, adding that he cannot take up as many pro-bono cases now as a result.

However, Zaki has reportedly said that while the courts struggle to settle cases, individual lawyers are to blame for taking on too many cases and then seeking postponements. To illustrate his point, he mentioned a lawyer who had 93 cases in one day.

He also said it was unfair to accuse the judiciary of being obsessed with disposing cases and judges of fulfilling their KPIs rather than serving justice by refusing to adjourn cases.

The Federation of Malaysian Consumers Association (Fomca) is all for speedier cases as this will benefit consumers.

Its president Datuk Marimuthu Nadeson notes that in the past, some cases would drag on for years and the consumer had to bear the increased cost of litigation.

“If there are fewer postponements, then it is only logical that legal fees will also reduce accordingly, as the lawyer’s appearance in courts will be less,” he adds.

He believes it is a win-win situation as the lawyer gets to complete his case faster and collect his fees while the consumer gets the case settled promptly without incurring any extra cost.

“The lawyer might even be able to serve even more clients, thus boosting his income,” says Marimuthu.
Consumers Association of Penang (CAP) president S.M. Mohd Idris says those worried about skyrocketing fees can go to another lawyer and if there is excessive overcharging, they can complain to the Advocates and Solicitors Disciplinary Board.

Idris notes that a common complaint among lawyers now is that court cases are hurried along and dates are fixed without consultation. “As a result, lawyers are saying they are under tremendous pressure,” he says.

But Yaw, who does both litigation and contract law work, believes lawyers would hesitate to take on new cases when their “plate” is full, although he believes the quantum of increase mentioned by Ragunath is absurd.
“I have assured my clients that my fees won’t shoot up. There is some unhappiness and we have had to clarify the situation,” says Yaw.

Fees other than SRO are agreed upon by the lawyer and client by way of an agreement, whether oral or written, and depend on various factors. These include the amount of the claim, the complexity of the matter and the seniority of the lawyer who handles the case.

“If there is a lot of hand-holding and lots of time spent, they will charge more. There is no clear rule or basis on how lawyers charge their fees,” explains Yaw, adding that a lawyer could do a case pro-bono for instance.

Another lawyer, Edmund Bon, believes fees would not increase due to competition as there are many lawyers who will charge cheaper fees. “It will only go up if there is not enough supply of lawyers,” he adds.

Bon acknowledges the stress faced by litigation lawyers. Nowadays when he submits a case on Monday, the court would get back to him within a week for hearing. Previously, if he filed a case, he would have to wait a month before the the court got back to him and the date of hearing could take another two months. “It’s good but at the same time, it is moving too fast that it compromises justice and our preparations,” says Bon.

He explains that if cases move too quickly, the judges do not have time to read the submissions and consider the cases properly.

“Judges have said this off-the-record,” he claims, adding that there are cases where lawyers come ill-prepared because they do not have time to do full research.

Another common complaint is that adjournments are always refused, even on seemingly reasonable grounds.
A few weeks ago, it was reported that lawyer Datuk Jagjit Singh collapsed in court after the magistrate decided to go on with the case even after he produced a medical certificate.

A former Court of Appeal judge, Datuk Shaikh Daud Shaikh Mohd Ismail supports the court’s decision to implement the KPI but feel they must exercise discretion on hearing dates, citing Jagjit’s case as an example. Blogger Azhar Harun, better known as ArtHarun (artharun.blogspot.com) says some lawyers have made their name and have a good track record. But not all can charge what they want.

Azhar, who specialises in corporate law, is annoyed that some courts would fix hearing dates even when the lawyers have other pending hearings or are not free.

Azhar cites the case of a lawyer who was having labour pains while arguing her appeal because the court registrar had turned down her request to fix another date.

Azhar also claims there are judges who insist that cross-examinations are limited to within a certain scope in order to “save time” while some insist that cross-examinations must be done in writing.

Idris claims that courts have also started to require lawyers to perform tasks outside of their duties, such as transcribing.

Previously, judges would note down the evidence or submissions in a case, and this would be typed out and given to the various parties involved in the case.

“Now, courts are equipped with recording devices and lawyers are expected to collect the recordings and transcribe the notes themselves,” says Idris.

Senior lawyer *S. Balram notes that previously, everything used to move slowly but now everyone – from lawyers and judges to the prosecutors – no longer have an easy time.

He also believes that previously, lawyers were taking on more files instead of working on them. “They took it easy before, so now they are not used to the fast pace. It is their fault for not being prepared,” he says.

Yaw admits that cases are being cleared much quicker and this is good for the clients. He believes that everyone is still adjusting to the changes.

“People are now working outside of their comfort zones. If cases are disposed off quicker, clients are happier,” he says.

In an interview last year, Zaki said that strategies taken by the judiciary to expedite the disposal of civil and commercial cases have resulted in a drastic drop in backlog cases.

In Dec 2008, there were 93,523 pending civil cases at all High courts in the country, but the number was reduced to 36,526 by the end of October last year. The number of pending civil cases at Sessions courts dropped from 94,554 to 49,528 cases over the same period, while those in magistrate courts dropped from 156,053 to 82,835 cases.

Lawyer Mak Lin Kum is glad that cases are settled faster these days, as he can bill and collect payment from his clients much earlier.

“We always hear of cases languishing in courts for 15 to 20 years,” says Mak who deals with corporate law and restructuring of companies. He adds that speedier cases are good for big companies as it helps them in their planning.

“The new system forces discpline as lawyers have to prepare their case adequately before filing in court. We see things moving forward. I don’t see how speeding things up can be disastrous although the workload for some lawyers will increase,” says Mak.

He believes that there were abuses in the past and adjournments were sometimes given easily. But he agrees that some judges could use more discretion when fixing hearing dates.

While the KPI system seems to have pros and cons, many are saying a balance needs to be struck between speed and quality, as the ultimate aim of courts is for justice to be served.

Yaw understands the objective of the KPI, but feels there should be more flexibility. “I know judges are going through a lot of stress but we need one another,” he says.

He also hopes that people would be more appreciative of laywers. “People have to understand that behind the five-minute appearance in court is five months of work.”

*Names have been changed. 

 Thursday February 17, 2011

Sky-high lawyer fees! Bar Council: Legal services set to cost 400% more

KUALA LUMPUR: The Bar Council expects lawyer fees for court cases to increase between 300% and 400% this year.

This means that cases which previously cost around RM2,000 would now cost RM8,000 to RM10,000.
Bar Council president Ragunath Kesavan said this was due to lawyers having more responsibilities since cases could not be postponed easily.

“Furthermore, cases need to be settled in three months,” he said after launching the distribution of a comprehensive guide on how a lawyer’s office should be managed.

Know the law: Ragunath meeting with participants who attended the launch of the MyConstitution campaign at Help University College in Petaling Jaya, Selangor yesterday.
 
“Previously, filing civil cases at the magistrate’s court costs only RM2,000 but it may rise to RM8,000 or RM10,000.

“This does not include cases filed in the High Court, which has a bigger responsibility,” he told Bernama.
On the manual, he said the Bar Council was duty-bound to assist new lawyers because the number of lawyers who faced disciplinary action has increased.

“Statistics show that the Bar Council’s disciplinary board penalises or takes disciplinary action against 30 to 40 lawyers a year for cheating clients, partners and other offences,” Ragunath said.

In another development, the Kuala Lumpur Bar Committee has written to the Education Ministry to include the teaching of the Federal Constitution in the school syllabus.

Chairman Anand Ponnudurai said it highlighted the need to educate students on the existence and basics of the Constitution.

“The officials seemed positive and the Education Ministry is currently restructuring the teaching content and syllabus of several subjects,” he said after the launch of the MyConstitution campaign at Help University College in Petaling Jaya.

He added that the Constitution might not be a standalone subject but introduced as a topic in other subjects.
“It is sufficient as long as students are educated on the content, structure and true nature of the Constitution,” Anand said, adding that the committee is currently waiting for the ministry to respond to the proposal.




Sick of the same old mantra

On The Beat By WONG CHUN WAI



Gaddafi has to go very soon so Libya and the world can move on. But he must not have the last laugh in this high stakes’ fight.

THE world can always count on Col Muammar al-Gaddafi to provide political comic relief even before his people finally gathered enough courage to decide they want him kicked out of Libya.

Despite having ruled Libya with an iron fist for over 40 years, he is still telling the world that the country needs him.

Like many politicians who aspire to die with their boots on, Gaddafi has repeatedly told his people – from a balcony and, more recently and bizarrely, over a telephone press conference – that the country would be destroyed if he has to go.

It is the tired mantra of most politicians: He can’t go because he still can’t find a successor; the possible successors are not ready; if he names them, they will end up killing themselves; and, of course, he will call it a day one day. That day, of course, will not be tomorrow or the day after. You do not have to be in Libya, or other parts of the Middle East and North Africa, to hear such empty political gibberish. Even at home, we are quite familiar with such ludicrous lines from our own ageing politicians.

Usually, the search for a successor will end at their home. The chosen one is often the eldest son. But if the eldest one has an incurable obsession with visits to Disneyland, Macau casinos or Eric Clapton concerts, then Plan B would be to choose the other sons or even a nephew.

Hosni Mubarak, the recently deposed president of Egypt, was trying to hatch dynastic ambitions by grooming his son Gamal to succeed him. Gaddafi shares the same ambition, as does Kim Jong-II, who certainly still thinks his family owns North Korea.

But even the North Korean generals must be shaking their heads in disbelief at the exploits of Gaddafi, or for that matter Osama bin Laden. We won’t be surprised if Osama is now making another poor quality, inaudible tape for the CIA to decipher.

Osama has always taken the trouble to call Al-Jazeera to claim responsibility for his exploits against the West. But we are certain he won’t claim credit for the anarchy in Libya.

He has been blamed for every terrorist act committed in the world but to accuse al-Qaeda of lacing the coffee and alcohol of Libyans with drugs, which Gaddafi has done, is certainly icing on the cake. The best part is that Gaddafi expects his people and the world to believe him. He has either been high on drugs himself or he wants the world to love him for his morbid sense of humour.

After failing to convince the world, particularly the United States, that the rebellion is the evil work of Osama, Gaddafi then blamed the Islamists, accusing them of wanting to turn Libya into a satellite state of Iran.

But the Americans are still not impressed. Obviously, the 68-year-old loony leader will need to rewrite his script. For example, he could blame his team of four voluptuous blonde Ukrainian nurses or female bodyguards for the civil unrest. They were probably jealous and were fighting over him!

There’s a sub-plot, however. He plans to blow up the oil plants. Now, that’s a terrifying prospect because Libya has the largest reserves of oil in Africa. The chaos in North Africa and the Middle East is already causing mayhem around the world with prices of crude oil skyrocketing. It means we will have to pay more for our petrol and travelling would for sure be more expensive.

The cost of production will shoot up with food items, now already expensive, becoming more pricey and the economy of countries will be adversely affected.

The message from Gaddafi seems to be: “If I go, I am dragging everyone with me.” That includes hurting us where it hurts most – our pockets. Soon, our electricity bills will shoot up. And before you know it, most of us might have to learn to live in tents. Well, it could be a case of “You can take Gaddafi out of Libya but you can’t take out what Gaddafi will do to our lives.”

The game is just beginning in Libya but let’s hope it will end speedily. He has to go very soon so Libya and the world can move on.  One thing is for sure, Gaddafi must not have the last laugh in this high stakes’ fight.