Friday, 7 November 2008

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Obama to Meet with Economic Team, Hold News Conference

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President-elect will speak to reporters for first time since winning election - Live on VOA at 1930 UTC
Watch the News Conference Live on VOANews.com at 1930 UTC (2:30 EST) 

US President-elect Barack Obama and his wife Michelle leave University of Chicago Lab School after parent-teacher conference, 07 Nov 2008 U.S. President-elect Barack Obama is meeting Friday with economic advisors in Chicago in the midwestern state of Illinois as he prepares to confront the country's economic crisis.Mr. Obama's economic team includes past and present government officials and some high-profile chief executive officers, such as legendary investor Warren Buffett.Also attending the meeting are former Treasury Secretary Lawrence Summers and former Federal Reserve chairman Paul Volcker. Both have been mentioned as candidates for treasury secretary.  The president-elect is expected to name his choice soon.After the meeting, Mr. Obama will hold a press conference - his first since winning the election.Mr. Obama announced Thursday his chief of staff will be Illinois congressman Rahm Emanuel, who also served under former President Bill Clinton.In a statement, Mr. Obama called Emanuel a "good friend" and said he knows no one better at "getting things done."   But House of Representatives Republican leader John Boehner said the aggressive Democrat is an "ironic choice" for a president-elect who has promised to make politics more civil.Mr. Obama, a Democratic senator from Illinois, will be sworn in on January 20. He defeated Republican Senator John McCain to become the first African-American elected president.Several U.S. news organizations - the Associated Press, New York Times and NBC television - announced Thursday that Mr. Obama won the southeastern U.S. state of North Carolina, which has 15 electoral votes.  That victory gives the president-elect a total of 364 electoral votes - nearly 100 more than needed to win.U.S. President George Bush addressed staffers at the White House Thursday, thanking them for their work and urging them to do all they can to help the incoming administration make a smooth transition.  Mr. Bush is to meet with Mr. Obama on Monday in Washington to discuss the transfer of power.

Some information for this report was provided by Reuters, AP and AFP

 


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Democratic-Led Congress Could Help Swiftly Implement Obama Agenda

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But analysts say no one should expect Democrats to automatically walk in lock-step with a president of their own party
Expanded Democratic majorities in the U.S. Senate and House of Representatives as a result of Tuesday's election could help President-elect Barack Obama implement an ambitious agenda next year. But analysts say no one should expect Democrats to automatically walk in lock-step with a president of their own party. VOA's Deborah Tate has a look at what kind of relationship to expect from a Democratic congress and president. House Speaker Nancy Pelosi gestures during a news conference on Capitol Hill in Washington, 05 Nov 2008Speaker of the House Nancy Pelosi pledged Democrats' cooperation with President-elect Barack Obama."Our increased numbers in the House better enable us to work closely with our new president for a vision for America and a plan to succeed," said Nancy Pelosi.American University political science professor Alan Lichtman says there is evidence that when one party controls the congress and White House, much can get done."History shows if you are a programmatic president with a big agenda, the best possible thing is to have unified control of government," said Alan Lichtman. "Franklin Roosevelt, who was elected in 1932 as a Democrat, also came in the midst of a big economic crisis, and he got a Democratic congress to pass 15 major bills in his first 100 days."But with that said, Lichtman adds that congressional Democrats will not automatically 'rubber stamp' everything that Mr. Obama proposes. Other analysts agree, noting that Democrats can be liberal or conservative-leaning or moderate, and divided by cultural or regional differences. Norman Ornstein (file photo)Norman Ornstein of the American Enterprise Institute says it will be a challenge for Democratic leaders to constantly deliver enough Democratic votes to pass Mr. Obama's initiatives, and may at times have to look to the opposition for support. He says this is especially true in the House, where Democrats will hold more than 250 of the 435 seats."For democrats to do it all on their own will require for Speaker Pelosi a very delicate and difficult juggling," said Norman Ornstein. "That is going to be a tricky process, and I think it will make it imperative to find some allies on the Republican side."The situation is much the same with the expanded Democratic majority in the Senate, says Senator Chris Dodd, a Connecticut Democrat:"The assumption that if you get a certain number [of Democrats] you can do things automatically, then you don't know this institution very well," said Senator Dodd. "Even though we have increased numbers, if you neglect to deal with the other party, you will not achieve much." Alan Lichtman (file photo)Alan Lichtman of American University says the key for Mr. Obama is to act immediately, at the start of his administration when he will enjoy a so-called honeymoon period of political goodwill."I think it will go six months, and you can get a lot accomplished in six months," he said. "But the lesson is you've got to strike quickly."Lichtman says Mr. Obama's experience as a U.S. senator - albeit for two years - gives him a crucial understanding of the legislative process.It is a comment echoed by Senator Richard Lugar of Indiana, the top Republican on the Senate Foreign Relations Committee, where Mr. Obama has been a member and where Vice President-elect Joe Biden has been chairman."I think with both the president and vice presidents moving from chairs in our body that these are people from the beginning who really have a head start on important issues when it comes to legislation," said Senator Lugar. "Mr. Obama has an ambitious agenda that includes efforts to improve the economy, find alternative sources of energy, tax reform, health care reform, and the withdrawal of combat troops from Iraq.   


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Pentagon Prepares for First Wartime Transition in 40 Years

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Preparations being made to ensure that key officials of new administration are ready to take control of world's most powerful military the moment Barrack Obama takes office on January 20
The current presidential transition in Washington is the first during wartime since 1968, when President Lyndon Johnson handed the reins of power to President Richard Nixon during the Vietnam War. That is particularly significant at the Defense Department's headquarters, the Pentagon. VOA's Al Pessin reports on preparations being made to ensure that key officials of the new administration are ready to take control of the world's most powerful military the moment Barrack Obama takes office on January 20. Bryan Whitman (file photo)Pentagon Spokesman Bryan Whitman took reporters on a tour of offices set up for the Obama Pentagon transition team."There are actually three kind of large areas like this," said Bryan Whitman. "We've got computers set up, telephones set up, basic supplies, ready for folks to commence doing some work. You know, we're ready at any time."One desk even has a copy of the Pentagon's specially prepared transition guide, and Whitman says officials are developing a list of the top few dozen defense issues the new administration will have to deal with early in its term.  "While this country has a long history of smooth succession of leadership, it becomes essential that we do it as efficiently and as effectively as we can because we are a nation at war," he said. The PentagonThe newly renovated offices for up to two dozen people are on the Pentagon's prestigious outer ring, just down the hall from Defense Secretary Robert Gates' office, and not far from the suite of the top U.S. military officer, Admiral Mike Mullen. Whitman expects the Obama transition headquarters in Chicago to soon provide the names of the first group of officials who will work in these offices, and who will begin to absorb the mountain of information they will need to take over thousands of defense department programs and the control of U.S. forces worldwide."Everyone recognizes the unique challenges that lie ahead for not just this department, but in particular for this department, given the fact that we have forces in combat zones, in harm's way, deployed overseas as part of the global war on terror," said Whitman. "And I know that there will be Herculean efforts on the part of this department to ensure that things go as smoothly as possible, so that on January 20th this should be as seamless as possible."The Obama team will have much to learn, and eventually the new president could send more than 200 political appointees to the Pentagon, many of them to serve in key policy and management jobs. Importantly, the new officials will have to know the details of how the U.S. military works, but they will also have to absorb a lot of secret information about key issues, including the wars in Iraq and Afghanistan, in order to prepare to make policy decisions.  Among the most controversial of those will be how quickly to withdraw U.S. troops from Iraq. Mr. Obama has called for the withdrawal of all U.S. combat troops within 16 months of his inauguration. Senior military officers oppose firm timetables, and say while some drawdowns will come soon, they want future decisions based on the often-changing conditions on the ground. There are also several major reviews in progress of U.S. strategy in Afghanistan. Chairman of US Joint Chiefs of Staff, Admiral Michael Mullen, 22 Oct 2008The top military officers appointed by President Bush will remain in place, at least for a while. Senior them is Admiral Mullen, the Chairman of the Joint Chiefs of Staff, who has at least one more year on his term in office. The admiral says he is looking forward to hearing President-elect Obama's ideas, giving his best military advice and then implementing the new president's decisions.The top U.S. military officer with direct responsibility for Iraq, and now also for Afghanistan, will also remain in his post. He is the newly installed chief of U.S. Central Command, General David Petraeus, who is widely credited with turning around the war in Iraq during the last year and a half. In an interview before the election, Petraeus downplayed talk of potential tension with the president-elect."Whenever there's a transition of administrations, regardless of who it is that takes office, there's a dialogue that discusses the relative importance of various missions," said General Petraeus. "There's provision of input from military leaders, from the Pentagon, on the forces required to perform different missions, a prioritization process that is necessary because resources are not unlimited, and so forth. And so there will be that kind of dialogue and that's what, in fact, the senior leadership in the Pentagon will look forward to."Some experts believe the new president is not likely to do anything that might risk reversing the recent progress in Iraq, even if it means letting some of his campaign promises slide a little bit. " height=190 alt="US Defense Secretary Robert Gates speaks with media prior to meeting of NATO defense ministers in Budapest, 09 Oct 2008" hspace=2 src="http://enews.voanews.com/t?ctl=1F31AAB:E2FDB7E6D97F937395217D3B1531365930EB2FA2E66CBB22&" width=190 vspace=2 border=0> US Defense Secretary Robert Gates speaks with media prior to meeting of NATO defense ministers in Budapest, 09 Oct 2008One major question is who will be the Obama administration's secretary of defense. Several opinion columns have called for Secretary Gates to be retained, but at a news conference in April he indicated he is not interested."The circumstances under which I would do that are inconceivable to me," said Secretary Gates.Gates says he wants to retire to the western United States with his wife, but there are hints he might stay for a period of time if asked. There is also much speculation about who might get the job if he leaves. That all should be settled soon, as the Obama transition team gets down to business and begins to figure out who to send to those freshly prepared offices in the Pentagon.   


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Rights Group Accuses Congo Rebels of Killing Civilians

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Anneke Van Woudenberg, senior researcher on the DRC for Human Rights Watch says her organization has evidence renegade General Laurent Nkunda's rebels carried out the alleged killings


United
Nations Secretary General Ban Ki-moon has called for an immediate halt to
fighting in the eastern Democratic Republic of Congo, where clashes between
rebels and government forces have displaced tens of thousands of people over
the past week. Mr. Ban's statement,
issued Thursday through his spokesperson, came a day before the
secretary-general attends an emergency summit on Congo in Nairobi.

Meanwhile, the
U.S.-based group Human Rights Watch has accused Congolese Tutsi rebels of war
crimes for the alleged killing of numerous civilians in the town of Kiwanja.

Anneke Van Woudenberg is senior researcher on the Democratic Republic of Congo
for Human Rights Watch. She told VOA her organization has
evidence rebels loyal to renegade General Laurent Nkunda are responsible for
the killings.


"Human
Rights Watch has document that in the town of Kiwanja, a town that is some 70
kilometers north of Goma, that on November 4th and November 5th,
there was fighting between the Tutsi rebels of General Nkunda and local Mai-Mai
rebels, and in those particular battles numerous civilians were killed. But
more worryingly we documented that after the battles were over that the rebel
forces of General Nkunda ordered some 30,000 people to leave the town, and then
went door to door attempting to find collaborators, killing many people in the
operation in what clearly was a violation of international humanitarian law,"
she said.


But
General Nkunda's rebels denied killing innocent civilians. The group said it
was only going after pro-Congolese government militia.


Van
Woudenberg said the rebels have told similar stories in the past.


"What
we know is that when combat finished and they asked the population to leave the
town that they then killed numerous individuals, many of whom were civilians
who they assumed were collaborators of the Mai-Mai. But I do think it's important
to remind everyone that these are indeed war crimes. Once combat is over, once
individuals are no longer armed, they cannot be executed in this style and in
this format, and especially people who never had anything to with the combat,"
Van Woudenberg said.


She
did not rule out recommending General Nkunda's name to the International
Criminal Court for possible war crimes prosecution.


"Human
Rights Watch, of course this is not the first time that we have documented
crimes either by the troops of General Nkunda or indeed by many other armed
groups in eastern Congo. What I think it's crucial is that further
investigations are carried out, and indeed we've very much urged judicial
authorities either from the International Criminal Court or from national
jurisdictions to urgently look at what happened and to ensure that actors not
just from these killings that happened in Kiwanja but from other towns as well
over the past few years are held to account and are arrested," she said.


United
Nations Secretary General Ban Ki-moon Thursday called for an immediate halt to
fighting in the eastern Democratic Republic of Congo. Mr. Ban's statement,
issued Thursday through his spokesperson, came a day before the
secretary-general attends an emergency summit on Congo in Nairobi.


Van Woudenberg hoped the international community would heed
the Secretary General's call to support MONUC, the U.N. peacekeeping mission in
the DRC, and which has been criticized for doing little to protect civilians.


It's certainly clear that from the
events of the past few days that U.N. peacekeepers did not come to aid of
civilians in Kiwanja. But of course this is a peacekeeping force that is
largely stretched out across this huge country, and I think it is absolutely
urgent that U.N. member states, specifically the European Union heed the call
of the Secretary General. He has requested additional troops for the U.N.
peacekeepers. So far that request has fallen on death ears. I really hope that
the Secretary General's call is answered and that over the weekend and also
early next week international leaders would put forward additional help for
this beleaguered U.N. mission," Van Woudenberg said.

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EU Leaders Discuss Global Financial Crisis

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Among ideas discussed: giving IMF much larger role in stabilizing financial system
European leaders are meeting in Brussels Friday to discuss a joint strategy for tackling the global financial crisis ahead of next week's meeting in Washington on the issue.  Lisa Bryant has more for VOA from Paris.Current European Union president, France, is taking the initiative on the meeting, as it pushes for quick action to tackle the global financial meltdown. The Agence France-Presse news agency (AFP) reports French President Nicolas Sarkozy wants concrete proposals to reform the financial system within 100 days after next week's meeting in Washington that gathers the world's top 20 economies. There is also talk of giving the International Monetary Fund a much larger role on stabilizing the financial system. French European affairs minister Jean-Pierre Joyet spoke to reporters before Friday's meeting. Joyet said international leaders have an historic occasion to define new rules and organizing methods of the world financial system. Friday's EU meeting, he said, would agree on a calendar and work method, and common support for a greater role by the IMF.Governor of the European Central Bank French Jean-Claude Trichet (L) and EU foreign policy chief Javier Solana arrive for an informal working lunch meeting of EU heads of state and governments in Brussels, 07 Nov 2008But European leaders are far from united on what is needed to tackle the financial crisis, as Center for European Reform analyst Katinka Barysch points out. "Within the European Union you have quite significant differences at the moment between the governments on what the longer term reaction to the crisis should be," said Barysch.  "And Sarkozy, who is called a hyperactive president, is coming up with a wealth of proposals about what the EU should do and most of them are being shot down as soon as they emerge."In particular, European governments are divided over just how much the government should intervene to regulate the financial system. Those divisions are also likely to be reflected during next week's summit, with the outgoing Bush administration more cautious about a fundamental overhaul of the system. Analysts also  believe little action is likely until a new US administration under President-elect Barack Obama takes office.


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Rice: Creation of Palestinian State Coming

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But US secretary of state cautions that Israel's plans for more West Bank settlements are hurting negotiations
U.S. Secretary of State Condoleezza Rice said the creation of a Palestinian state is approaching, but cautioned that Israel's plans for more West Bank settlements are hurting negotiations.U.S. Sec. of State Condoleezza Rice is presented with a gift by Palestinian Pres. Mahmoud Abbas, 7 Nov. 2008Rice spoke Friday after meeting with Palestinian President Mahmoud Abbas in the West Bank.Rice has acknowledged that an Israeli-Palestinian agreement will not be reached by a target date of year's end, but said efforts will continue in the administration of president-elect Barack Obama next year.Rice has been also meeting with several Israeli leaders, including Defense Minister Ehud Barak today. Rice will return to the West Bank for more talks Saturday. She is now in Israel and will fly to Jordan this evening for dinner with Jordan's King Abdullah. She will hold meetings Saturday and Sunday in Egypt with other envoys of what is known as the Mideast Quartet -- Russia, the U.N. and the E.U. -- negotiating regional peace, as well as the foreign ministers of several Arab nations. In violence Friday, Israeli military officials said suspected Palestinian militants fired two rockets from the Gaza Strip into southern Israel, but did not cause any damage or casualties.


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India's Technology Industry Fears Cuts in Outsourcing from US

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During campaign, Senator Barack Obama said he will give incentives to companies creating jobs at home, stop giving tax breaks to those shipping jobs overseas
Many in India cheered Barack Obama's victory in the U.S. presidential election. But India's technology and outsourcing sector is watching cautiously to see if a new U.S. administration will implement policies that will cut down outsourcing from American companies. Anjana Pasricha has a report from New Delhi.       Billboard of an information technology company at BangaloreIT.biz in Bangalore, India, 06 Nov 2008Over the last decade, Indian companies have flourished as overseas companies outsource work such as sales calls, technical help desks, accounting and software development to India. The country's huge pool of English-speaking graduates and software engineers work at a fraction of the wages paid in the West, helping to cut down the cost of doing business. But there is some uncertainty if work will continue to flow from American companies at the same pace under a new U.S. administration. During his campaign, Senator Barack Obama said he will give incentives to companies that create jobs at home, and stop giving tax breaks to those that ship jobs overseas. Indian finance minister, P. Chidambaram, remains optimistic that India's outsourcing sector will not be impacted. "A comment here or a comment there about outsourcing etc. should not bother us," he said. "Once he is in office, he will realize that in an interconnected world, countries have to work together."However, some industry analysts fear that U.S. businesses, already battling an economic crisis, will reduce work sent to countries like India. Much of the work is farmed out by clients in the banking, financial services and insurance sector - many of which are hit hard by the financial meltdown.Others are optimistic that any slowdown in outsourcing will be short lived. The president of Business Process Industries Association of India, Samir Chopra, says eventually economic pragmatism will prevail, ensuring that outsourcing continues to flourish. "There is a little bit of uneasy wariness in this entire process, but it going to be very short term. Eventually what would take over is the economics of the business ... they would have to necessarily outsource to reduce the absolute cost of doing business. So outsourcing definitely would bounce back," said Chopra. Nearly 400 of the world's 500 largest companies outsource some work to India - and a large chunk of this comes from U.S. clients. Rapid expansion in recent years has helped the technology and outsourcing sector's earnings to grow to $50 billion annually. But in recent months, growth has begun to slow, and many IT and outsourcing companies expect lower profits this year.


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Future US First Lady Seeks to be Role Model

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Biographer describes Michelle Obama, 44, as a trailblazer who is a very committed wife and mother
On January 20, Michelle Obama will become the nation's first African-American first lady.  As VOA's Kent Klein tells us, it will be the latest in a series of barriers she has broken. Michelle Obama (27 Oct 2008 file photo)Michelle Obama, 44, her husband Barack and their daughters Malia and Sasha, are about to move into the most prestigious home in America: The White House.  But it is not the first time Mrs. Obama has been a pioneer.When she was a child in Chicago, her family moved into what had been an all-white neighborhood.Liza Mundy, who has written a biography of the incoming first lady, says they were not welcome."So one of her first experiences as a young girl would have been experiencing greater economic opportunity for her own family, a nicer neighborhood, nicer home, but also witnessing the fact that white families were moving away from hers, even as they were moving up in the world," Mundy said.Later, Michelle Obama was among the first African-American students to attend prestigious Princeton University, despite resistance from some students and alumni.  From there, she went on to Harvard University Law School and a career at a top Chicago law firm, where she met her future husband.President-elect Barack Obama stands on stage along with his wife Michelle and daughters during election night gathering in Grant Park, Chicago, 04 Nov 2008The wife of the soon-to-be first African-American U.S. president is very conscious of her status as a role model and how her family is perceived."What a symbol that it will show to so many young boys and girls out there, particularly kids of color, who have never seen themselves in a major way," Mrs. Obama said. Biographer Liza Mundy says the Obama family's move to the White House will help redefine the image of African-Americans."Just to see such a lovely family in the White House, I think, in terms of Americans' mindsets and the images and stereotypes that people have of African-Americans, seeing them, I think, will expand everyone's sense of possibility and, hopefully, erase stereotypes," Mundy said. During the campaign, however, Michelle Obama occasionally was the target of critics.  Some questioned her patriotism after she made this comment about her husband's success."For the first time in my adult lifetime, I am really proud of my country," she said.After some in the media criticized the comment, her husband Barack Obama issued a warning."If they think that they're going to try to make Michelle an issue in this campaign, they should be careful.  These folks should lay off my wife," he said. Michelle Obama is an advocate for working families, especially military families, and might make that her cause as first lady.  Mrs. Obama might also campaign for more national service on behalf of young people.Close friend Angela Acree says Michelle Obama's true passion is raising her daughters."I think she defines herself by what is most important to her," she said.  "And I think at this point in her life, it's raising the girls so that they are comfortable, safe and happy."Mrs. Obama says she wants her daughters to have as normal a childhood as possible."Part of it is keeping their worlds very much their own," she said.Biographer Liza Mundy says the incoming first lady works hard to keep her children first."She's at every soccer game; she's at every ballet lesson, every ballet performance," Mundy noted.  "He [Barack Obama] is at every ballet performance, because she requires it.  So she is a very committed parent."Even though she is a trailblazer, Michelle Obama seems to relish her most traditional roles: those of wife and mother.


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World's Youngest King Admits He Doubted Ability to Reign

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5th Druk Gyalpo calls ascension to throne a matter of destiny, promises to work tirelessly to serve people his entire life 
As many as one of every 12 Bhutanese gathered in a stadium Friday to hear a rare address to the nation from their new king. VOA Correspondent Steve Herman was there for the speech by the world's youngest monarch and has this report from Thimpu, the capital of the small Himalayan nation of Bhutan. Largest known gathering of Bhutanese fete their new king in the National Stadium, 07 Nov 2008It is believed to be the largest-ever gathering of Bhutanese in one spot. An estimated 50,000 people spent Friday in the national stadium celebrating the coronation of Jigme Khesar Namgyel Wangchuck.The traditional three cheers came after the 28-year-old king, in a rare public speech by a Bhutanese monarch, acknowledged that when his father passed on the responsibilities to him two years ago he had serious doubts as to whether he was capable to shoulder the responsibilities. The Fifth Druk Gyalpo reviews military troops and police at celebration marking his coronation, 07 Nov 2008The Fifth Druk Gyalpo or King of the Land of the Thunder Dragon, calls his ascension to the throne a matter of destiny. But he says he will work tirelessly to serve the people his entire life.His speech and the festivities were aired on national television, which normally does not broadcast during most of the day. During the day of celebration in the 2300 meter high capital, traditional dances and songs were performed as the king and other members of the royal family watched.  One of the king's gifts arrives in the national stadiumAlthough the young king told his Buddhist subjects he is wanting for nothing and has no material desires, in accordance with tradition, he was presented with a number of gifts. Among them: several satchels of coins, nine bags of cereals, five bales of textiles and a number of animals, including three elephants, several sheep, a pair of yaks, two horses and a mule. During the afternoon, the Fifth Druk Gyalpo, whom many here already refer to as "The People's King," left his reviewing stand to mingle with the crowd. Bhutanese handed him white ceremonial scarves which he placed around the necks of his subjects.  The monarch, partly educated in the United States and England, becomes Bhutan's first sovereign under the Himalayan nation's written constitution, signed less than four months ago. Female police officers marching at National Stadium during Coronation celebration, 07 Nov 2008The country also held its first national democratic elections this year, making it the world's youngest democracy, another reform introduced by the new king's father, Jigme Singye Wangchuck. The Fourth Druk Gyalpo, who himself was given the Raven Crown at the age of 17, came to international prominence for envisioning the development concept of "Gross National Happiness" for the former feudal and isolated state.


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South Korean Fortunetellers Gather For Peek at Tomorrow

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One soothsayer tells VOA's Kurt Achin signs point to improved relations between Seoul, US and global financial recovery after February 4
A major power transition is under way in the United States, and the global economy is reeling from the ongoing financial crisis.  So who knows what the future will bring?  Perhaps South Korea's fortunetellers do.  They held a conference this week in Seoul where, as VOA's Kurt Achin reports, many take traditional means of divining the future quite seriously. A South Korean woman consults a street fortune teller, who appears to be giving her bad news, in central Seoul (file photo)A lot of people have questions about the future - things like whether the markets will go up or down, or whether there will be war or peace in some of the world's hot spots.The answer could lie in the shape of a mountain landscape - or the shape of President-elect Barack Obama's face - or, in a 1,000-year-old Chinese chart of the planets' movements.Those are just a few tools of the trade for fortune tellers here in South Korea.  Lee Sang-hyun is one of several hundred who attended a fortune tellers' conference Friday in Seoul.  He says he has been divining the future for 20 years, but the tradition is much older.He says "Yuk Hak," the Korean style of Asian fortune telling, has influenced Korean habits and thought for more than 1,000 years.Fortune telling is never far away in modern Seoul life.   The city has dozens of fortune telling cafes, offering a glimpse of the future alongside your cappucino.  Plastic tents, just large enough to fit a fortune teller and a customer or two, are a common sight on downtown sidewalks.Lee says Korean fortune tellers choose from a variety of specialties.He says there is "gung-hap," which is the art of matching personality types.  Or "poong-su" - similar to the Chinese "feng shui" - for reading the landscape.  There is the face reading art of "kwan-sang."  Or, there is "saju" - the art of reading palms and studying the month, day, and hour you were born for clues of destiny.Some of the fortune tellers at Friday's conference, not surprisingly, made predictions.  Choi Wan-young has spent 35 years practicing the "joo-yuk" - the study of basic elements like earth, fire, and water.He says signs point to an improvement in relations between South Korea and the United States.  Moreover, he says, a global financial recovery will start soon after February 4.Bae Kum-san is the chairman of the Korean Fortuneteller's Commission.  He has some good news, and some bad news, for North Korean leader Kim Jong Il.North Korean leader Kim Jong Il (l) talks with soldiers as Kim inspects a female military unit, 11 Oct 2008 (frame grab distributed by South Korea's Yonhap news agency) He says Kim Jong Il, widely believed to be recovering from a stroke, will be fine until the year 2010.  After that, says Bae, he will be "not so fine."Fortune tellers like Bae have no shortage of clients.  Koreans frequently consult them when they are getting married, moving residence, running for public office, or starting a new job.  In fact, fortune telling was one of the few industries that truly thrived during the 1997 financial crisis here in South Korea.


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Thursday, 6 November 2008

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VOANews.com, with its new community site USAVotes2008.com, will continue to provide you with English post-election coverage. Check out the blogs from VOA reporters on the election experience. Users can also share their thoughts and experiences. Also watch for USAVotes2008 and VOA updates on Twitter!


America Looks Ahead to Obama Administration

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Former Clinton adviser Rahm Emanuel offered chief of staff position; Paul Volcker, Robert Rubin mentioned as possible candidates for treasury secretary
U.S. President-elect Barack Obama has begun assembling a White House team in advance of the presidential transition January 20. Mike O'Sullivan reports that after the excitement over the historic election dies down, the next president will face some serious domestic and international issues.

President-elect Barack Obama looks out into the crowd after his acceptance speech at Grant Park in Chicago, 04 Nov 2008Barack Obama outlined some of the challenges facing the nation in his victory speech in Chicago Tuesday night. They include the wars in Iraq and Afghanistan, environmental issues and an economic crisis. He predicted setbacks and false starts, but said he is confident the problems can be tackled. 

"There's new energy to harness, new jobs to be created, new schools to build and threats to meet, alliances to repair. The road ahead will be long. Our climb will be steep. We may not get there in one year or even in one term. But America, I have never been more hopeful than I am tonight that we will get there," he said.

Exit polls taken during the election show that more than six in ten Americans view the flagging economy as the most important issue facing the nation. One in ten voters cited other key concerns, such as the war in Iraq, health care and terrorism.

Who will be chosen as Treasury Secretary?

Mr. Obama has just 2 1/2 months to prepare for his transition, and there is speculation over the makeup of his new administration. Some wonder if his campaign advisers may have a formal role, perhaps in the key job of treasury secretary. Speculation surrounding that important job has focused on Paul Volcker, who was federal reserve chairman under President Ronald Reagan, and Robert Rubin, a former treasury secretary under President Bill Clinton. Some wonder if there may even be a role for another Obama supporter, the billionaire investor Warren Buffett.

Chief of Staff Position could go to former Clinton adviser

Senator Obama is starting to assemble his White House staff. News reports say he has offered the job of chief of staff to Rahm Emanuel, a Democratic member of congress who was once a senior adviser to former president Clinton.

The next president should have a sympathetic Congress when he takes the oath of office in January. It will be the first time since the early years of the Clinton presidency when Democrats have held the White House and a majority of seats in the House of Representatives and the Senate. They will still need cooperation from Republicans, especially in the Senate, where Democrats failed to get the 60 seats that would have protected them from procedural blocks known as filibusters. Some newly elected Democrats from conservative states, such as Virginia and North Carolina, may also want to embrace a moderate agenda.

President-elect urged to govern from center

House Speaker Nancy Pelosi gestures during a news conference on Capitol Hill in Washington, 05 Nov 2008In Washington Wednesday, the Democratic Speaker of the House of Representatives, Nancy Pelosi, urged the next president to govern from the center. 

"At a time of this economic crisis, our priority should be very clear about what we need to do. Each side of the spectrum can hope to influence the decision. But the fact is that a new president coming in, in my view, must take the country down the middle to solve the problems, to gain the confidence, to take us more strongly in a new direction," he said.

Analysts credit the Obama win to a highly effective campaign, an exceptional ability at fundraising, and a message that resonated with voters across demographic lines. In his victory speech, Senator Obama said he will be president for all Americans, even those who voted against him. 

DNC chairman says Obama's message resonates with voters

Democratic National Committee chairman Howard Dean says the message of the election is clear. 

"Americans have given all of us - Democrats, Republicans and Independents - a simple mandate to work together to find big solutions to the big challenges that face our country," he said.

As the president-elect turns his attention to the business of governing, the euphoria over his historic election has not subsided. Senator Obama is the first African American to be elected U.S. president. Another African American leader, Georgia Representative John Lewis, says the Obama victory will inspire future generations. Lewis spoke on NBC Television's Today show about the message of the Obama win.

"It doesn't matter whether you are black or white or Latino or Asian American or Native American, you can grow up in America and be anything that you want to be. People will be saying for years to come, 'If Barack Obama can do it, you can do it too,'" he said.

The man Senator Obama will replace in the White House, President George W. Bush, said this election is uplifting for a generation of Americans who watched the struggle for civil rights unfold, and are seeing the dream fulfilled four decades later.


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Political Experts Say Obama Faces Major Challenges

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President-elect and his team begin to face many choices that confront them as they prepare to assume office in January
The celebration of Barack Obama's election to the US presidency has died down and now the president-elect and his team begin to face the many choices that confront them as they prepare to assume office in January. As VOA's Greg Flakus reports from Houston, political experts and foreign policy analysts say the new president will face some difficult challenges right from the start. President-elect Barack Obama on stage with his wife Michelle and daughters during election night gathering in Grant Park, Chicago, 04 Nov 2008One of the most obvious problems for President-elect Obama is that he will enter office facing problems left over by outgoing President George Bush. Those problems include a financial crisis, wars in Iraq and Afghanistan, the prospect of Iran developing a nuclear weapon and a number of other situations all of which demand immediate attention.Rice University Political Science professor Earl Black, co-author of the book Divided America, says new presidents have often had to deal with the problems left behind by their predecessor."He will face the situation, for example, that faced Ronald Reagan when he became the Republican president in January, 1981," said Earl Black. "He will have inherited all the problems associated with the previous administration."Black says another problem for President-elect Obama may be the high expectations he has raised among the people who supported him."Since a lot of Obama's message emphasized hope and change and, to a large degree he was somewhat general about those, he has attracted, obviously, millions of supporters not all of whom probably agree on what change they want and what hopes they are hoping to be satisfied," he said.Some of the biggest and most frightful challenges facing the new president will be in foreign affairs. Peter Zeihan, Vice President of Analysis for Stratfor, a Texas-based private intelligence and analysis company, says all presidents entering the White House find their options are limited. But, he says, President Obama will have some special problems to address."First, you have Iraq," he said. "He has promised his supporters that he will pull out as soon and as quickly as possible. However, unless he wants to turn around and re-deploy and go to war with Iran a year or two later, he has to be careful in how he does that. There needs to be some sort of agreement with Iran over the future of Iraq. Barring that, if you just have a naked pullout, there is really absolutely nothing that would stop the Iranians from taking over, whether directly or indirectly."Such a move by Iran, Zeihan says, would endanger the Persian Gulf oil supplies and force a US response. Zeihan says the situation in Afghanistan and the refuge Taliban fighters have in nearby Pakistan will also challenge President Obama."The way that Obama has outlined that he will make a difference in this conflict is by tapping Europeans and calling on NATO allies to do more," he said. "Well, as the Bush administration has discovered, much to its chagrin, the Europeans don't have the forces in the first place to deploy, second, are not willing, as a general rule, to deploy them in combat situations and third, because of the global finance crisis, most of them are pulling their forces home from Afghanistan."Zeihan says the new US president would risk provoking conflict with Pakistan if he sends US forces across the border from Afghanistan to pursue the Taliban and Al Qaeda.He says the third security problem the Obama administration will face internationally is the increasing boldness of Russia, which is aggressively countering US attempts to expand NATO in eastern Europe. Zeihan says these are just some of the challenges for the new president."These are just the three security challenges, all of which, honestly, are more than enough to keep any president busy independently," said Zeihan. "All three together-Whew! I do not envy Obama. I would not have envied McCain, either."Zeihan says US options will be limited in the years ahead because the country is over extended militarily and financially.


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Pelosi Urges Congressional Bipartisanship in Working with President-Elect Obama

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US House of Representatives Speaker says increased number of Democrats should enable Congress to accomplish more
House of Representatives Speaker Nancy Pelosi says Democrats look forward to working with President-elect Barack Obama on bipartisan solutions to the U.S. financial crisis and other problems. As VOA's Dan Robinson reports, Pelosi says increased numbers of Democrats in the House and Senate should enable Congress to accomplish more. House Speaker Nancy Pelosi gestures during a news conference on Capitol Hill in Washington, 05 Nov 2008In a note of bipartisanship, Pelosi said Wednesday that when President-elect Obama takes over in the White House in January, he will have to listen to ideas from all points on the political spectrum, and govern from the middle."At a time of this economic crisis, our priority should be very clear about what we need to do," she said. "Each side of the spectrum can hope to influence the decision. But the fact is that a new president coming in, in my view, must take the country down the middle to solve the problems, to gain the confidence, to take us more strongly in a new direction."Pelosi said the expanded Democratic majorities in the House and Senate give the party the opportunity and the responsibility to find common ground.Given what she called two historic political waves for Democrats -- the 2006 mid-term elections and this week's elections -- Pelosi said Americans will hold Congress even more accountable. As for what many congressional Democrats assert has been Republican obstructionism on issues ranging from Iraq war policy to the economy, Pelosi said she hopes for fewer obstacles posed by Republicans to moving legislation through the Senate."That one motivation for a roadblock, which is to protect the president from a veto, will no longer be part of their motivation," she said. "And I think in the spirit of working in a bipartisan way, we will soon find out if people want to be part of the solution."Democrats are still expected to call Congress back for a post-election session this month, to focus on a proposed new multi-billion dollar economic stimulus measure. Republican congressional leaders have acknowledged that the election results underscore the need to change the way they deliver their message, although they insist their core principals will remain unchanged.Pelosi says she hopes Senate Republicans will allow the new economic stimulus package to be taken up and that President Bush will support it. Democratic spending proposals have so far met with skepticism at the White House.Also on Wednesday, the Chairman of the Republican National Committee attributed election results to a withering political environment, encompassing an unpopular war in Iraq and economic problems, as well as overwhelming Democratic campaign spending.At the same time, Mike Duncan asserted that the election results do not constitute the end of Republican conservative principles, saying that President-elect Obama will need their help."If President-elect Obama stands by his word to fulfill the moderate, conservative campaign promises that got him elected, the Republican Party will stand with him," he said. "If he stands, instead, with the hardened leaders of the most liberal Congress in a generation, we must stand against him, and for and with the center-right nation that we serve."Howard Dean is Chairman of the Democratic National Committee. "I think the message of the election is clear," he said. "Americans have given all of us -- Democrats, Republicans and Independents -- a simple mandate to work together to find big solutions to the big challenges that face our country." Senator Obama is reported to have reached into the House Democratic leadership on Wednesday to select Illinois Congressman Rahm Emanuel, as his chief of staff.Emanuel, who has not yet said if he will take the post, served as a top political advisor to former President Bill Clinton, and played a central role in building and expanding the Democratic majority on Capitol Hill.   

 


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China Looking at Possible Meeting Between Hu, Obama

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Chinese President Hu Jintao could meet president-elect Barack Obama on sidelines of G-20 meeting in Washington, DC next week
Chinese President Hu Jintao (file photo)China says that while President Hu Jintao will hold bilateral meetings during a G-20 summit in Washington next week, a possible meeting with U.S. President-elect Barack Obama is still in the works.Deputy Foreign Minister He Yafei told reporters in Beijing Thursday that the two sides are taking steps to arrange a meeting. World leaders are to discuss a response to the global financial crisis at the Washington summit for the Group of 20 industrialized and emerging countries on November 15.Meanwhile, China's Foreign Ministry urged Mr. Obama to properly handle the issue of Taiwan when he steps into office. Spokesman Qin Gang called on the president-elect to oppose Taiwan independence and halt arms sales to the island.The spokesman added that U.S. handling of Taiwan is key to good relations between Beijing. China and Taiwan split in 1949 during a civil war, and Beijing has threatened to use military force if Taipei formally declares independence.China has hundreds of missiles aimed at Taiwan and claims the self-ruled island is part of its own territory. 

Some information for this report was provided by AFP, AP and Reuters.

 


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IMF Cuts Global Growth Forecast

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Report says world economic growth will slow from 5 percent in 2007 to just over 2 percent in 2009
The International Monetary Fund says prospects for global growth have deteriorated over the past month.A report issued Thursday by the IMF says world economic growth will slow from 5 percent in 2007 to just over 2 percent in 2009.The report says many advanced economies will shrink slightly next year, with the United States and Europe hit by tightening financial conditions and falling confidence.The slowing growth is also expected to hurt developing nations by cutting demand for the commodities that are important to many of these economies.But the report also says global action to support the economy may improve growth.The report comes just after the Bank of England and the European Central Bank slashed key interest rates in an effort to bolster the battered economy. The Bank of England Thursday cut its benchmark lending rate a sharp 1.5 percentage points, bringing the interest rate to its lowest level in half a century - 3 percent.European Central Bank officials also reduced their benchmark rate by .5 percentage points, to 3.25 pCity workers walk by Bank of England in City of London, 06 Nov 2008ercent.The British and European actions follow rate cuts by other central banks around the world, aimed at making it easier for businesses to borrow the money needed to expand their operations and hire new people.European stock indexes were down sharply in midday trading, following the announcements, and U.S. stock futures were also lower. Earlier, trading on Russia's MICEX was suspended for an hour after stocks took a sharp dive.  Key Asian stock indexes also plunged after Japanese-based automakers Toyota and Isuzu announced larger-than-expected cuts in their full year earnings forecast.  Also Thursday, France cut its economic growth forecast for 2009 and 2010.  Finance Minister Christine Lagarde blamed the financial crisis for the damage to the French economy, and said the growth forecast was the lowest ever made by the French government.


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Bomb Kills 9 at Pakistani Tribal Leader Meeting

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Officials say attack occurred in semi-autonomous Bajaur region, bordering Afghanistan
Pakistani officials say a bomb exploded Thursday in the country's northwest at a meeting of tribal leaders who oppose al-Qaida and Taliban extremists, killing at least nine people and wounding more than 40 others.Authorities said it appeared to have been a suicide bombing, while tribal leaders were drawing up a plan to force militants out of their area.The attack occurred near the town of Khar in the semi-autonomous Bajaur region bordering Afghanistan, where many militants have gathered after being driven out of other Pakistani regions.The government has increased attacks in the Bajaur region as well, killing at least 11 suspected militants earlier Thursday in raids by Pakistani fighter jets.The U.S. military has also been targeting Pakistan's tribal areas, from where many of the militants launch attacks in both Pakistan and Afghanistan.In an interview with the Associated Press, the chief of U.S. Central Command, General David Petraeus, said three of the top 20 extremist leaders had been killed in the region recently.  He did not identify those killed. 

 

Some information for this report was provided by AFP and AP.


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Taiwan President Meets With Senior Mainland Official

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Despite rowdy protest on streets of Taipei, Taiwan President Ma Ying-jeou met with Chinese envoy who signed historic cross-strait transportation deals earlier this week
Despite rowdy protest on the streets of Taipei, Taiwan President Ma Ying-jeou has met with the Chinese envoy who signed historic cross-strait transportation deals earlier this week.  Thibault Worth reports from Taipei.Pro-Taiwan supporters stand on top of police barricades and shout slogans in protest against the visit of China's top negotiator with Taiwan, Chen Yunlin, in Taipei, Taiwan, 06 Nov 2008The meeting Thursday took place five hours earlier than expected, to dodge protesters angry about the visit by Chen Yunlin, the chairman of the Association for Relations Across the Taiwan Straight.  But it lasted only five minutes. Taiwan President Ma praises the landmark deal Chen signed Tuesday to increases transportation links between the island and mainland China.  Ma adds, however, that significant differences remain between the two sides regarding Taiwan's security and international status.The meeting, while brief, was the highest-level contact between a Taiwan president and an official from the mainland government in nearly 60 years.During the meeting, Chen notably did not refer to Mr. Ma by his title of president.  Taiwan and China split in 1949 after a civil war, and Beijing does not recognize Taiwan's democratically elected government.Despite the surprise meeting time, protesters thronged the streets of Taipei through most of the day chanting, "Taiwan is my country" and other slogans.  Many Taiwanese fear that closer ties with China may come at the expense of Taiwan's sovereignty.  Protesters were also angry that Chen failed to call his host, "President Ma."Protesters have dogged Chen since he arrived in Taiwan on Monday.  On Wednesday night, nearly a thousand protesters trapped Chen inside a hotel while he was attending a dinner banquet.China, which is ruled by the Communist Party, claims sovereignty over Taiwan.  The Beijing government repeatedly has said the island will be reunited with the mainland, by force, if necessary. Many island residents favor formal independence from the mainland, but Mr. Ma's administration favors greater economic integration.


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Rice in Middle East for More Peace Talks

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US secretary of state says Bush administration will pursue Israeli-Palestinian peacemaking efforts until President Bush leaves office in January
Secretary of State Condoleezza Rice (file photo)U.S. Secretary of State Condoleezza Rice is in Israel for more talks with Israeli and Palestinian officials on the regional peace process. Rice will meet the caretaker Israeli Prime Minister Ehud Olmert and Foreign Minister Tzipi Livni Thursday in Tel Aviv and go to Ramallah in the West Bank Friday for talks with Palestinian President Mahmoud Abbas.Rice has said the Bush administration will pursue Israeli-Palestinian peacemaking efforts until President Bush leaves office in January, though she conceded Thursday that appears increasingly unlikely.Israeli Prime Minister Olmert and Palestinian President Abbas revived peace talks late last year with a desire to reach a final deal by the time Mr. Bush leaves office.  But Israeli and Palestinian officials have expressed doubt a final peace deal can be reached by then. Mr. Olmert is acting as Israel's caretaker prime minister after resigning from office last month to fight corruption allegations. He is expected to remain in his post until Israel holds early elections in February. On Wednesday, Israeli officials said Palestinian militants fired dozens of rockets into southern Israel, after an Israeli raid Tuesday killed at least six militants in the Gaza Strip.The Palestinian militant group Hamas claimed responsibility for the rocket attacks, including one near the Israeli city of Ashkelon.  There were no reports of casualties.Israel's defense minister, Ehud Barak, told reporters on Wednesday, Israel had no intention of violating the truce but had to act to thwart a threat against Israeli soldiers.  Israeli officials said they were targeting militants who were firing mortars at Israeli forces on Tuesday.The cease-fire calls for Gaza militants to stop attacks on southern Israel and for Israel to stop military raids and air strikes in Gaza. 

Some information for this report was provided by AP and Reuters.


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US Responds to Iraq Security Pact Changes

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Iraqi officials did not give details on pact that would allow US troops to remain in country after UN mandate expires at end of December
Iraqi officials say the United States responded officially Thursday to Iraqi proposals for changing a security pact between the two countries.Officials did not give any specifics about the response.U.S. and Iraqi officials have been trying since May to finalize a deal that would allow U.S. troops to remain in Iraq after a U.N. mandate expires at the end of December.Iraq is proposing changes to a draft agreement to give Baghdad more authority over U.S. troops and guarantee that Iraqi territory will not be used to attack other countries.In violence Thursday, Iraqi police say two roadside bombs exploded during the morning rush hour in Baghdad, killing at least four people and wounding seven others.Police say the bombs targeted a checkpoint in the center of the capital - the Sheik Omar district. Two of the victims were civilians.US soldiers (L) secure area as Iraqi soldiers inspect car damaged by roadside bomb in Sadr City, Baghdad, 06 Nov 2008Iraqi authorities also say a roadside bomb wounded nine people in the capital's Shi'ite district, Sadr City.On Wednesday, a car bomb exploded at a checkpoint on the road to Baghdad's airport, killing four people, including two policemen, and wounding nine others.The bombings follow a series of attacks Monday and Tuesday that left at least 24 people dead. The latest violence also follows U.S. military reports that violence was at a four-year low.Meanwhile, the U.S. military says coalition forces conducted multiple operations Thursday in Mosul, capturing nine people with suspected ties to al-Qaida in Iraq.

 

Some information for this report was provided by AP and Reuters.


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Bhutan Hands Raven Crown to New King

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At precise time pre-determined by Buddhist astrologers, Jigme Khesar Namgyel became small nation's 5th king 
The small Himalayan nation, Bhutan, officially has a new king.  The coronation of the fifth king of the hereditary dynasty took place Thursday in the Bhutanese capital, Thimpu. VOA Correspondent Steve Herman witnessed the event and files this report. In an esoteric Buddhist ceremony in a 17th Century fortress, the Himalayan kingdom of Bhutan crowned a new monarch. At the precise, auspicious moment determined by Buddhist astrologers - 8:31 in the morning - on the pedestal of the Ceremonial Golden Throne, Bhutan's fourth king, handed the Raven Crown to his son, Jigme Khesar Namgyel Wangchuck.  He is now the fifth Druk Gyalpo or king of the Land of the Thunder Dragon. The new King of Bhutan wearing the Raven CrownLater in the morning, wearing the satin and silk crown, adorned with fire-breathing skulls and topped with an embroidered raven's head, the new king accepted felicitations and ceremonial scarves from dignitaries, including a number of foreign ambassadors. In the past two years, Jigme Khesar actually assumed the duties from his father, Jigme Singye, the fourth Druk Gyalpo, who shocked Bhutan in late 2006 by announcing he would abdicate in the prime of his life. Bhutan's Prime Minister Jigme Thinley, speaking to reporters in Thimpu, 05 Nov 2008Bhutan Prime Minister Jigme Thinley explains why the coronation was not held until now. "Last year happened to be a "black" year according to our astrologers," he explained.  "It was a year during which no important steps or important developments should be initiated." That meant not only the coronation was delayed but also the celebration for the centenary of the Wangchuck family dynasty, along with Bhutan's first democratic elections and the signing of the constitution. Although this is Bhutan's first coronation in three-and-a-half decades, Prime Minister Thinley says the ceremonies and three days of official celebration are a "modest" affair, by royal directive. Bhutanese bow before a sacred Thongdroel (giant tapestry) unfurled Thursday at the Coronation site, the Tashichho Dzong"We are still a poor country largely dependent on foreign assistance," he noted.  "And, so, the [fifth] king was concerned that valuable resources, scarce resources may be spent or frittered away on celebrations that may not have any long-term benefits to our people." The new, Western-educated king is only 28, but Bhutan's government leaders say he has enough experience and is old enough to reign, noting his father assumed the throne at the age of 17. The fourth king guided his small country out of isolation and leaves behind a legacy of ushering in democracy and making environmental preservation and happiness enshrined national priorities.


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Wednesday, 5 November 2008

Your VOANews.com Headlines (UTF-8)

VOANews.com, with its new community site USAVotes2008.com, will continue to provide you with English post-election coverage. Check out the blogs from VOA reporters on the election experience. Users can also share their thoughts and experiences. Also watch for USAVotes2008 and VOA updates on Twitter!


Obama Wins Historic Election

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Barack Obama has been elected 44th president of the United States, becoming the first African-American elected to the office
Barack Obama has been elected 44th president of the United States, becoming the first African-American elected to the office.  Mike O'Sullivan reports, the Democratic senator from Illinois promised to unify the country when he takes office, January 20, 2009.President-elect Barack Obama looks out into the crowd after his acceptance speech at Grant Park in Chicago, 04 Nov 2008In Grant Park in Chicago, hundreds of thousands of supporters reacted with screams of joy as American television networks projected Barack Obama as the next U.S. president.In Phoenix, Arizona, losing Republican candidate Senator John McCain conceded the race, telling his somber supporters they had reached the end of a long journey."The American people have spoken and they have spoken clearly," said McCain.  "A little while ago, I had the honor of calling Senator Barack Obama to congratulate him on being elected the next president of the country that we both love."A short time later, Senator Obama mounted the stage in Chicago with his wife and two daughters, then spoke to his supporters in a televised address that was seen around the world."It's been a long time coming, but tonight, because of what we did on this day, in this election at this defining moment, change has come to America," he said.The election is historic.  When Mr. Obama takes office in January, he will become first the African-American president in the nation's 232-year history.  His election ends eight years of Republican control of the White House under President George W. Bush.As the vote count progressed, the Democrat far outpaced his rival in the state-by-state tally of electoral votes.  The winning candidate needs 270 electoral votes.  Senator McCain fell far short, as Mr. Obama won such contested states as Ohio and Pennsylvania, which many saw as crucial for a McCain victory. In his victory speech in Chicago, Mr. Obama spoke of the challenges facing the nation, which include the wars in Iraq and Afghanistan, what he called a planet in peril and the worst financial crisis in a century."There's new energy to harness, new jobs to be created, new schools to build and threats to meet, alliances to repair.  The road ahead will be long.  Our climb will be steep," said Mr. Obama. "We may not get there in one year or even in one term.  But America, I have never been more hopeful than I am tonight that we will get there."As Senator Obama called for unity in the face of the country's problems, Senator McCain pledged his support, despite the differences the two men expressed in the campaign."No doubt, many of those differences remain," McCain said.  "These are difficult times for our country and I pledge to him tonight to do all in my power to help him lead us through the many challenges we face."  In cities around the United States, there were gatherings to celebrate the historic election.  VOA's Kane Farabaugh was in the crowd in Chicago."There's a few tears, but many more smiles," said Farabaugh.  "I would say the atmosphere here is jubilant."In Washington, D.C., Edward Badu, who was born in the African nation of Ghana, was thrilled.  Senator Obama has African links himself.  His father was born in Kenya.  Badu said he can scarcely believe what has happened."It looks like it's a dream, you know.  Yeah, it is like a dream," he said.  "I still can't believe it."Angela Young, from Atlanta, was in Washington on business, and says she felt the same excitement."I think it's wonderful.  I mean, just the sense of pride for America, period.  And, a lot of hope," she said.  "Real hope."This presidential race aroused intense interest around the world.  Senator Obama had a message for those who are viewing events in America from a distance."And, all those watching tonight from beyond our shores, from parliaments and palaces, those who are huddled around radios in the forgotten corners of the world, our stories are singular, but our destiny is shared," said Mr. Obama.  "The new dawn of American leadership is at hand."President-elect Obama will enter office with a sympathetic Congress.  Democrats strengthened their grip on both the House of Representatives and Senate in Tuesday's election, winning Republican-held Senate seats in Virginia, New Mexico, New Hampshire and North Carolina.  They fell short of the 60 Senate seats they had hoped for, which would have allowed them to avoid procedural blocks known as filibusters.  This will be the first time since 1995 that the Democrats have held the presidency and a majority in both the House of Representatives and the Senate.


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After Obama Victory, Work Begins on Presidential Transition

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US president-elect says Americans face great challenges, including two wars, financial crisis
Americans are marking the election of Barack Obama as the country's 44th president, and the first African-American to reach the summit of U.S. politics.  VOA's Dan Robinson reports. President-elect Barack Obama stands on stage along with his wife Michelle and daughters during election night gathering in Grant Park, Chicago, 04 Nov 2008No longer just a first-term senator from Illinois, now President-elect Obama appeared with his wife Michelle and their two daughters, along with family members and Vice President-elect Joseph Biden before tens of thousands of people in Chicago's Grant Park.Amid thunderous cheers, Senator Obama said the outcome shows that change has come to America and should prove to any who doubt that all things are possible in America's Democratic system."If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy.  Tonight is your answer," he said.Saying he was never the likeliest candidate to seek the presidency, he said Americans of every background showed they can unite and reject cynicism to bring about change.  President-elect Obama called his former opponent John McCain a brave and selfless leader. In his concession speech, McCain called Senator Obama's victory a historic moment for Americans and African-Americans in particular, one that moves the country farther from a past marked by intolerance.  Sen. John McCain with wife Cindy, delivers remarks during an election night rally in Phoenix 4 Nov. 2008 McCain pledged his support to the president-elect."I urge all Americans who supported me to join me in not just congratulating him, but offering our next president our goodwill and earnest effort to find ways to come together, to find the necessary compromises to bridge our differences and help restore our prosperity, defend our security in a dangerous world, and leave our children and grandchildren a stronger better country than we inherited," said McCain. President-elect Obama's victory was built on an aggressive campaign challenging McCain in states that for decades voted Republican in presidential elections, such as Virginia.  He won in Republican stronghold Indiana, and in Colorado, New Mexico and Nevada, states President Bush won in 2004.New York City newspapers are displayed in New York, 05 Nov 2008Mr. Obama drew significant support from newly-registered young voters, and from Hispanic-Americans, especially in the west, and from women, in addition to African-Americans. Voters ranked the poor state of the U.S. economy highest among their concerns, that include the wars in Iraq and Afghanistan.The son of a Kenyan father and a white mother from Kansas, President-elect Obama said Americans face great challenges, including two wars and a financial crisis.  Americans will succeed, he said, as long as they commit to healing divisions and to a new spirit of patriotism, service and sacrifice.He also sent this message to those watching and listening around the world.People sit near a painting featuring U.S. Presidential candidate Barack Obama, during a gathering of people in Kogelo village, Kenya, 04 Nov 2008"[To] all those watching tonight from beyond our shores, from parliaments and palaces to those who are huddled around radios in the forgotten corners of the world, our stories are singular but are destiny is shared, and a new dawn of American leadership is at hand," he said.President George W. Bush, who leaves the White House in January when Obama is inaugurated, congratulated the president-elect in a telephone call.Work is underway in the Bush White House and among Senator Obama's staff, on the presidential transition, with some media reports saying Mr. Obama may act quickly on naming a chief of staff. Democrats who won control of Congress in the 2006 mid-term election have expanded their hold on power, although not as much as they had hoped in the U.S. Senate.  Some vote counting continued through the early hours Wednesday. 


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President Bush Congratulates Obama, Promises Smooth Transition

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US leader predicts stirring sight when Obama family enters White House
President Bush has paid tribute to the historic nature of President-elect Barack Obama's victory at the polls, and promised to stay in close contact with him in the final months of his administration to ensure a smooth transition of power.  From the White House, VOA's Michael Bowman reports.President Bush said he had telephone conversations late Tuesday with the president-elect as well as his Republican rival, Senator John McCain.President Bush congratulates President-elect Barack Obama in the Rose Garden of the White House, 5 Nov. 2008Speaking from the Rose Garden less than 24 hours after Mr. Obama's overwhelming victory, Mr. Bush, who is no stranger to partisan battles, struck a distinctly non-partisan tone."No matter how they cast their ballots, all Americans can be proud of the history that was made yesterday," he said.  "Across the country, citizens voted in large numbers.  They showed a watching world the vitality of America's democracy and the strides we have made towards a more perfect union.  They chose a president whose journey represents a triumph of the American story, a testament to hard work, optimism, and faith in the enduring promise of our nation," said President Bush.Mr. Bush said the moment is particularly uplifting for those who lived through America's turbulent civil rights era in the 1950s and 60s, when the vestiges of government-sponsored racial discrimination were overcome.Now, the president said, it is time for Americans to move forward as one nation. "We are embarking on a period of change in Washington, yet there are some things that will not change," Mr. Bush said.  "The United States government will stay vigilant in meeting its most important responsibility: protecting the American people.  And the world can be certain this commitment will remain steadfast under our next commander-in-chief," he said.President-elect Barack Obama  on stage with his wife Michelle and daughters during election night gathering in Grant Park, Chicago, 04 Nov 2008Mr. Bush said he will inform his successor of all important decisions made in the waning months of his administration, and that he has invited Mr. Obama and the president-elect's wife, Michelle, to the White House at their earliest convenience.He predicted it will be a stirring sight to watch the Obama family enter the White House, and that he and First Lady Laura Bush will return to Texas with many treasured memories of their time in Washington.During the just-completed campaign, Mr. Obama often criticized President Bush's policies, and sought to link Senator McCain to them.  Mr. Bush also paid tribute to Senator McCain, saying the American people will always be grateful for his lifetime of service to the nation. 


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Europe Welcomes Obama Victory

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US president-elect receives congratulations, expressions of hope for cooperation from British, German leaders, but no warm words from Russian president
There has been a warm welcome from around the globe for the election victory of Barack Obama - words of congratulations from European leaders and expressions of hope for a new era of cooperation.  VOA's Sonja Pace reports from London.  Barack Obama's historic election victory made every major headline around the globe and topped every newscast.British Prime Minister Gordon BrownBritish Prime Minister Gordon Brown said he looks forward to working with Mr. Obama.  

"I know that he is a true friend of Britain and I know that the values we share in common and the policies on which we can work together will enable us as two countries to come through these difficult economic times," Brown said.French President Nicolas Sarkozy said Mr. Obama's election raises hopes in France, in Europe and the rest of the world.German Chancellor Angela Merkel said she anticipates closer cooperation between the US and Europe under an Obama administration. The European Union foreign policy chief Javier Solana also welcomed the news and Mr. Obama's emphasis on change."Change is what we need in the world today," she said.  "Many problems we have on the table and I very much hope that we will be able to do it together, to find a solution to them together."There were warm words too on the streets of London.  One person said, "I am excited, I think it is a good thing.  I think the last eight years have been pretty difficult for the West and I am really excited that Obama might bring some new changes.""I think it is great," said another. "I think it is a real historical thing to happen and I think it is good because I think he is going to be different."  And a third said, "Very happy about Barrack Obama. I think he is a vote for humanity and for the world and I think he brings John F. Kennedy type hope to the world."The warm reception comes as no surprise in Europe where Mr. Obama is immensely popular.International affairs specialist Charlie Beckett of the London School of Economics said Europeans know that any American president will make decisions based on American interests, but he said they are hoping a president Obama will listen to others around the world."I think Obama has already signaled with that very risky trip to Europe and Berlin in the middle of the campaign that he at least wants to make gestures about including the rest of the world in what America is thinking and doing and I think [that] in itself is very important.  That is what politics is about.  It is about building relationships," Beckett said.But after all the euphoria of a stunning election victory, a host of problems still faces the incoming Obama administration - the wars in Iraq and Afghanistan, the world financial crisis, global warming, the threat of terrorism, Iran's nuclear ambitions and a resurgent Russia that views the United States as a potential threat.There was no immediate warm welcome from Moscow.  Russian President Dmitry Medvedev Delivering his state of the nation speech in the Kremlin, President Dmitri Medvedev instead blamed U.S. policy for Russia's brief conflict with neighboring Georgia in August.  And, he threatened to station new missiles near the border with Poland - in response to Washington's plans to deploy an anti-missile defense system in parts of Eastern Europe.Mr. Medvedev made only an indirect reference to the US election.  He said Russia is not inherently anti-American and he said he hopes the new U.S. administration will choose, what he called, a full-fledged relationship between the two countries.  


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Much Of Arab World Rejoices Over Obama Election

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People on streets in Cairo, across much of Arab world, appear elated by election of Democrat Barak Obama, despite some apprehension in Gulf and in Lebanon
Much of the Arab press, as well as ordinary people in the street, are rejoicing over the election of Democrat Barak Obama as the next president of the United States.  Nevertheless, as Edward Yeranian reports from Cairo, there are misgivings in certain quarters.A man reads al-Akhbar newspaper covering Barack Obama's victory in the U.S. Presidential election in Beirut, Lebanon, 05 Nov 2008People on the streets here in Cairo, and across much of the Arab world, appear elated by the election of Democrat Barak Obama as the next president of the United States, despite some apprehension in the Gulf and in Lebanon.Commentators on Al-Jazeera TV, which has consistently criticized the outgoing Bush administration for its policies towards the Arab world, appeared almost jubilant over Mr. Obama's election, with many hailing the results of the election as a "positive for the Arab world."The Syrian daily Techrine writes in Wednesday's editorial that "any president will be better than George W. Bush, and any administration will be better than his administration." Damascus is the subject of U.S. sanctions for its behavior towards both Lebanon and Iraq.Egyptian Ahmed Fathi, from the city of Dakalia, writes on Al-Arabiya TV's Web site "God bless Obama. He's good for the world and will solve its problems, Inshallah."Leyla, a Lebanese Christian, however, says that she and those around her are "not very enthusiastic about Mr. Obama's victory," but that she hopes "he'll turn out OK, just the same."Mustapha Ghalayini, a Lebanese man who works in Kuwait, thinks that many Kuwait's are pleased by Mr. Obama's election, even if they don't think he'll be especially good for the interests of the Arab world."The Kuwaiti people don't believe that Obama will be a real help to the Arabs, but they believe he will be a new experience for the Arabs and the world, and they are happy at his winning the elections of the United States," he said.Uraib Rantawi, director of the Al-Quds Center for Political Studies in Amman, Jordan, says that many Arabs and many Arab governments are pleased by the Obama victory, but not all."It was a great win for Mr. Obama in yesterday's elections, for some Arab countries and people, especially the Palestinians, the Syrians, even the Jordanians," he said. "I think they have welcomed this great victory from the democrats and Obama." "But, for some Arab Gulf states, especially Saudi Arabia and those who deal really with the Bush family and with the Republicans in particular, I think it is not a good moment for them; they prefer to deal with the Republicans and not with the democrats, since the democrats emphasize democracy and human rights and those issues are not welcomed in such countries as Egypt, and Saudi Arabia," he added.Essam El Aryan, who is a leader of Egypt's banned Muslim Brotherhood was mostly optimistic about Mr. Obama's election and thought it was good for both the Arab and Islamic worlds."I've listened to the address made by Obama this morning and I was highly impressed by his charisma and his ideas," he said. "I compliment Mr. Obama  and this was a very big victory for himself and also for the American people and I think it will be a great victory for the whole world if he can change America and go to change the world." "I think after the massacres done by the previous administration of Mr. Bush Jr., I think this will be a new era for the Arabs and the Muslim world for their relations with the USA. We hope that Mr. Obama can change the strategy of America towards the Arabs and the Islamic world, and mainly to be committed to his promise to withdraw from Iraq and to look to the Palestinian issue by another view … thirdly to stop the support for the previous administration, since more than 60 years, to the tyrants of the Arab and Islamic world and to stop support to dictatorship," he continued. Despite the general tone of optimism in the Arab press over President-elect Barak Obama's victory, the Arab daily Al-Hayat ran a caricature showing an Israeli wielding a gun at an Arab man, joking "heads, Obama, and we win; tails McCain, and you lose," suggesting that the paper thinks neither candidate will really be beneficial to the Arab world.  

 


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South Asia Leaders Congratulate Obama, Point to Challenges

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Leaders praise Barack Obama's presidential election win, calling it an inspiration to people within US, around world
Leaders from India, Pakistan and Afghanistan praised Barack Obama's presidential election win, calling it an inspiration to people within the United States and around the world.  VOA's Barry Newhouse reports from Kabul on the reaction in a region that holds critical challenges for the future U.S. president. Afghan President Hamid Karzai speaks during press conference at presidential palace in Kabul, 05 Nov 2008Afghan President Hamid Karzai said he hoped Barack Obama's election will take the United States and the world into a new era where race and ethnicity will disappear as a factor in politics. He said he has high hopes for what Mr. Obama's leadership will mean to the U.S. mission in Afghanistan. "I hope that this election and President Obama's coming into office will bring peace to Afghanistan, life to Afghanistan and prosperity to the Afghan people and the rest of the world," he said. Indian Prime Minister Manmohan Singh said India and the United States are bound by shared commitments to common ideals. In a statement that was read by spokesman Shahbaz Hasibi, the prime minister said he looked forward to boosting cooperation. "Our two countries working together to address global issues and challenges will be an important factor for world peace, stability and progress," he said.President-elect Barack Obama smiles during his acceptance speech at Grant Park in Chicago, 4 Nov. 2008Debates over U.S. strategy in the war in Afghanistan and the struggle against terrorist networks in Pakistan dominated the presidential campaign.  Last week, Mr. Obama suggested that helping to resolve the dispute between Pakistan and India over Kashmir would allow Pakistan to better focus on threats from al-Qaida and Taliban militants.Pakistan's former foreign minister Humayun Khan said the striking image of Mr. Obama's election could help alleviate some of the anti-American sentiment among Pakistanis who feel the U.S. war against terrorism has been misguided.  "Obama seems to be the sort of person who will try to examine all aspects of our problem and will understand all the complexities of our problems which will mean he will not approach it with a one track mind.  So the chances of him listening to Pakistan I think are probably going to be better," said Humayun Khan.Seven years after the U.S. invasion of Afghanistan, there are growing signs of tension between Washington and the U.S. friendly governments in Kabul and Islamabad. U.S. Gen. David Petraeus, left, talks with Pakistan's Defense Minister Chaudhry Ahmed Mukhtar during a meeting in Rawalpindi, Pakistan, 03 Nov 2008This week, Pakistani leaders urged visiting U.S. commander General David Petraeus to stop missile strikes against militant targets in Pakistan's tribal regions.In Kabul, while Mr. Karzai praised Mr. Obama's election in English, he was more critical when he addressed Afghans while speaking in Dari.He said the first demand from the president elect, when he gets into office, will be to stop the civilian casualties in Afghanistan and to bring the war to those areas where the terrorists have hideouts, which are not in Afghanistan.Mr. Karzai said mounting civilian casualties are tarnishing the image of the foreign troops in Afghanistan.  


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Kenya Celebrates President-elect Obama as Native Son

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In Obama's grandmother's home town, crowds danced in celebration as news of his election victory was announced shortly after dawn
Barack Obama's election victory was greeted with particular enthusiasm in Kenya, where he is viewed by many as a native son.  Crowds celebrated in the western village where his grandmother and other relatives live, and the president even announced a national holiday to celebrate the event.  For VOA, Derek Kilner has more from Nairobi.Barack Obama's election victory has been celebrated around the world, but perhaps nowhere as much as in Kenya, where President Mwai Kibaki announced that Thursday will be a national holiday."Because of his roots here in Kenya, as a country we are full of pride for his success. I therefore wish to announce that tomorrow, Thursday the sixth of November the year 2008 be observed as a public holiday to enable all Kenyans to celebrate this historic achievement for President-elect Obama," said President Kibaki.The half-brother of US President-elect Barack Obama, Said Obama (L), his grandmother Sarah Obama (C) and his half sister Auma Obama, get ready for a press conference in the village of Kogelo, 05 Nov 2008In the village of Kogelo in western Kenya, where Mr. Obama's grandmother and other relatives live, crowds danced in celebration as the news of the Obama victory was announced shortly after dawn.  Mr. Obama's uncle, Sa'id Obama, spoke to VOA from the village."People are so happy, so excited.  People are dancing.  People are in a festive mood," he said.  "And we are also slaughtering cows, goats, sheep, I mean people are going to feast literally to celebrate Barack's win."In the nearby city of Kisumu that is dominated by the Luo group, to which Obama's family and Kenyan Prime Minister Raila Odinga belong, Obama mania is at its most intense.  The celebrations spilled out into the streets.There is also a large Luo community in Nairobi's biggest slum, Kibera, and there too, raucous festivities greeted the news of Obama's win.  But in Nairobi, Kenyans from different backgrounds packed into the city's bars and restaurants to watch Obama's speech.  Stephen Dunga, whose family is from the country's Eastern Province, watched the speech in the downtown restaurant where he works."I have been watching CNN since morning.  Each community supports Obama, they are praying for him to win," said Dunga.  "I think the celebration is country wide.  Not from one province or the other."At the American ambassador's residence, students, officials and members of civil society, both Kenyan and American, cheered the results.  "This is a big lesson," said Njeri Kabeberi, director of Kenya's Center for Multi-party Politics. "We had our own problems in January, February after we messed up with our own electoral process and messed up with our own tallying and counting process of the elections.  So this is a big lesson that you do not have to steal votes, you do not have to discriminate against other communities, because we did discriminate against other communities.  So what is most important is for the leadership that is going to provide that particular country what that country needs.  And in this case, it is change they can believe in, and for Kenya we better actually start believing in some change in our leadership style."Back on the streets of Nairobi, music shops throughout the city are playing Jamaican reggae star Cocoa Tea's hit song celebrating Mr. Obama. A shopkeeper says it is the hottest selling CD in town.  Bernard has just walked in to purchase the disk after hearing it playing in the street."I think Kenyan people have got a lot to learn from the American election.  It has shown true democracy, it does not matter how you look like, it does not matter where you come from," he said.  "It is about what policies you have for the people, so I think in Kenya next time we make a decision about our leaders we will know what to look for."The election results arrived early Wednesday, catching many people as they headed to work.  But with a holiday declared for Thursday, the celebrations could be even stronger.


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Democrats Expand Congressional Majorities

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More Democrats in Senate, House of Representatives could help President-elect Barack Obama implement ambitious agenda once he takes office in January
Democrats expanded their majority in the U.S. Congress as a result of Tuesday's election. More Democrats in the Senate and House of Representatives could help President-elect Barack Obama implement his ambitious agenda once he takes office in January.  VOA's Deborah Tate reports from Washington.Among the Republican-held seats picked up by Democrats is the U.S. Senate seat in North Carolina.Kay Hagan celebrates at her election party in Greensboro, North Carolina, 04 Nov 2008Democratic state legislator Kay Hagan unseated incumbent Republican Senator Elizabeth Dole, a key name in the Republican Party.  Dole, who is also a former Cabinet secretary and who is married to former presidential candidate and Senate Majority Leader Bob Dole, offered a gracious concession speech."It has been an honor and a joy to represent the people of North Carolina in the United States Senate," she said.  "I have done my level best to make you proud." In New Hampshire, former Democratic governor Jeanne Shaheen unseated incumbent Republican Senator John Sununu.In Virginia, another one-time Democratic governor Mark Warner won the seat held by retiring Republican Senator John Warner.  Mark Warner waves to the crowd as he delivers a victory speech in McLean,Virginia, 04 Nov 2008"The challenges we face are much more about the future past and as long as we face that future and avoid the political divisions of the past, there is nothing we can't accomplish as Americans first and foremost," Warner said.In two races in the western United States, Democratic Congressmen Tom and Mark Udall won Senate seats held by retiring Republicans.  Tom Udall was elected to the seat in New Mexico held by Pete Domenici and his cousin Mark won the seat in Colorado held by Wayne Allard. Despite their gains in the Senate, Democrats are not expected to reach a 60-vote majority that would allow them to overcome Republican efforts to block legislation.  Still, Democrats believe they can persuade enough moderate Republicans to back key measures so that they can come up with the 60 votes needed to move the legislation through the Senate.In one key Republican victory, Senate Minority Leader Mitch McConnell of Kentucky won re-election in a close race against Democrat Bruce Lunsford.Another Republican returning to the Senate is Senator John McCain, following his loss to President-elect Barack Obama in the presidential race.Senate Majority Leader Harry Reid, a Nevada Democrat, says he will welcome him back."I congratulate him on a hard-fought campaign," Reid said. "I look forward to him coming back to the Senate.  I look forward to working with him."Democrats also made gains in the House of Representatives.  Among Republicans losing to Democrats was Congressman Christopher Shays of Connecticut, who has spent 22 years in the position.More Democrats in Congress will help President-elect Barack Obama swiftly implement his agenda, according to Nathan Gonzales of the Rothenberg Political Report."The honeymoon for President Obama could even extend beyond 100 days because, frankly, Republicans, can't do anything to stop them after 100 days," Gonzales said.  "We are going to be a Democratic town starting in January."Speaker of the House Nancy Pelosi outlined her priorities for next year, including measures to improve the economy, and bringing U.S. combat troops home from Iraq."We will responsibly, and honorably and soon, bring an end to the war in Iraq," Pelosi said.She said other priorities include education and making efforts toward energy independence. 


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New Reports Spur Fears of US Recession

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US, European stock markets down sharply despite early gains in Asia following news of Barack Obama's win in US presidential election
Traders work on floor of New York Stock Exchange, 05 Nov 2008A series of reports out one day after the United States elected a new president is spreading fears that the world's preeminent economy is in a recession.A private research group, the Institute of Supply Management, says Wednesday the U.S. service industry - which includes businesses like banks, airlines and restaurants - shrank in October to levels that indicate the economy is contracting.  The service sector represents more than 80 percent of the U.S. economy.Two other reports Wednesday by the private employment company ADP Employer Services and from human resources firm Challenger, Gray and Christmas show the U.S. economy is continuing to lose thousands of jobs.  One report says the number of workers fired in October is up 79 percent compared to the same time last year - near a five-year high.Meanwhile, Europe's biggest economy has moved to lessen the impact of the financial crisis.  Germany Wednesday approved an almost $30 billion package of tax cuts and loans.  And top are urging banks to pass on interest rate cuts to consumers to help spur growth.   Man looks at electronic stock board showing US President-elect Barack Obama, in front of securities firm in Tokyo, 05 Nov 2008U.S. and European stock markets are down sharply in trading Wednesday despite early gains in Asia following news of Barack Obama's win in the U.S. presidential election.Asia's key markets all closed higher Wednesday. Tokyo's key Nikkei index closed nearly 4.5 percent higher, while the Hang Seng in Hong Kong ended the day's trading three percent higher.There are also indications efforts to loosen the tight credit markets may not be working well enough.  A report Wednesday by an industry trade group, the Mortgage Bankers Association, says the number of Americans applying for home loans fell last week to the lowest level in almost eight years because borrowing costs remain too high.Investors are also looking ahead to Thursday, when the European Central Bank and the Bank of England are widely expected to slash interest rates.  Also, a new United Nations report that says the financial crisis has spread to international trade, hitting developing nations that export commodities particularly hard.  The U.N. report says a key measure of demand for trade, which tracks shipping costs, has fallen dramatically over the past few months.  

 

   Some information for this report was provided by AFP and Reuters.


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Bhutan Transitions to New King, Heralding New Democratic Era

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Coronation of Jigme Khesar as Bhutan's first constitutional monarch, culminates two-year transfer of royal power from his father, who abdicated in late 2006
A nation is hailing the ascension of a young and charismatic leader.  It is not the United States, but rather the small Himalayan country of Bhutan.  From the capital, Thimpu, VOA correspondent Steve Herman reports on the sweeping changes culminating with the crowning of the Fifth Druk Gyalpo, otherwise known as King Jigme Khesar Namgyel Wangchuck. While the rest of world focuses on the election of a young senator as president of the United States, here in the Himalayas all eyes are on a 28-year-old Western-educated hereditary monarch as he receives the Raven Crown. The coronation of Jigme Khesar as Bhutan's first constitutional monarch, culminates a two-year transfer of royal power from his father, Jigme Singye Wangchuck, who abdicated in late 2006. Bhutan Foreign Secretary Yeshey Dorji Bhutan Foreign Secretary Yeshey Dorji says the formal crowning in the Land of the Thunder Dragon had to wait for an auspicious date set by astrologers.  In the meantime, the new king assumed the duties of his father.              "You need to get some expertise and experience in functioning as a king.  So, before the formal coronation, His Majesty already took over the role of the king and he has been functioning since then," said Dorji.             A business entrepreneur in the capital, Sonam Tobgay, gives Jigme Khesar preliminary high marks, explaining that Bhutanese will not praise a monarch merely because he was born to rule.             Thimpu business entrepreneur Sonam Tobgay"You're not born with leadership qualities.  It's something that you mature and you build over a period of time," said Tobgay. "He's been matured, he's been cultured, groomed to take over this task.  As far as we can see he's done a very good job over the last one year." Not only did the Fourth King of the century-long Wangchuck Dynasty voluntarily step aside, but in a move perhaps unprecedented in history - coming as it did without internal or external pressure - the monarch commanded that a constitution be drafted and the country shift to a parliament-based democracy. Bhutanese were initially shocked and then confused by the moves of their revered king, who had ruled peacefully for 34 years. King Jigme Singye had broken with convention, previously.  He developed the concept of Gross National Happiness, stressing emotional well-being over the traditional economic indicator of Gross National Product. Banner celebrating coronation showing photos of Bhutan's five kingsCommunications Minister Nandalal Rai tells VOA News the Fourth King, over the past quarter century, wanted his traditionally isolated kingdom to become more integrated in the international community.             "Our Fourth King has been trying to train us and make us aware of the situation that has been happening in the world - that the government must be of the people and for the people.  That is the democratic process.  He did, in his wisdom, felt the people must be able to take care of themselves, not a particular person ruling like in the medieval ages," said Rai. The transition has been stable, so far.  Parliament elections were held, this year, with the winning party sweeping nearly every constituency, defying pollsters who predicted a close race in the contentious campaign.The changes for the Buddhist nation of 635,000 people, wedged between giant neighbors China and India, have brought other outside influences, as well, not all of them positive. Jigme Khesar on his way to the royal palace in Thimpu, Bhutan, 02 Nov 2008 Modern communications has been good for education and the fledgling business community, but it puts pressure on traditional culture. Thimpu businessman Tobgay says Bhutanese understand there may be a price to pay for modernity.             "That is a risk that we have to take.  All these things, the Western culture creeping in and the contamination of our indigenous culture, tradition,   it's a possibility.  With the introduction of TV, with the Internet and the cellular phone, these are things that we cannot avoid. If we avoid this we will become like the dinosaur. If you fail to evolve, you become extinct," said Tobgay.With the coronation, Bhutan, the world's newest democracy, also becomes the nation with the youngest reigning monarch.  But the Fifth King of the modern dynasty will not stay on the throne beyond early in the year 2045.  That is not a prognostication of the astrologers but rather the mandate of the new constitution, under which the sovereign, at age 65, must retire.


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