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Views on the News - 11/09/2009

UN calls for the dollar to be replaced The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War. In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises. It added that the present system, under which the dollar acts as the world's reserve currency , should be subject to a wholesale reconsideration. Although a number of countries, including China and Russia , have suggested replacing the dollar as the world's reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion. In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to inte

Analysing Obama's Honeymoon: The End of the Beginning

When Barrack Hussein Obama was inaugurated on January 20th 2009, he achieved something no other person of his race has ever done in the 232 year history of the United States. Obama become the first black man to take the oath of office and by doing so entered the history books as the 44th President of the United States. Obama shattered the myth that a black person could not ascend to the most powerful office in the country and become the leader of the free world. But Obama is no ordinary politician, born to a black Kenyan father and a white American mother from Kansas, Obama has been shattering records all his life. The first black editor of the prestigious Harvard Law Review, a gifted orator a freshman Senator who was elected with over 70% of the vote in 2004 and who then become the only black person to gain the nomination of either major party. Fighting under the banner of "Change We Can Believe In", the Obama juggernaut didn't just win his party's nomination or the

Liberation of Makkah - 20th Ramadan

This is an extract from the book " The Islamic State " by Sheikh Taqiuddin an-Nabahani. As soon as the treaty of Hudaybiyah was signed between the Messenger of Allah صلى الله عليه وآله وسلم and the Quraysh, the tribe of Khuza'ah came under the protection of Allah's Messenger صلى الله عليه وآله وسلم and Banu Bakr sided with the Quraysh. Relations between the Quraysh and the Messenger of Allah صلى الله عليه وآله وسلم remained peaceful and both sides resumed their business. The Quraysh expanded their trade in order to make up for what they had lost during the wars against the Muslims. Allah's Messenger صلى الله عليه وآله وسلم pursued his task of conveying the Message of Islam to the whole of mankind while simultaneously strengthening the position of the Islamic State over the Arabian Peninsula and providing safety and security within the State itself. The Messenger of Allah صلى الله عليه وآله وسلم defeated the Jewish fortifications at Khaybar and then he صلى الله علي