Friday, November 1, 2013

The Golden Dawn, or Modern Day Nazis?

The Golden Dawn is a political party that has recently regained a seat in the Hellenic Parliament, or the Parliament of Greece. Golden Dawn sought its opportunity to extend its political beliefs during Greece’s debt crisis. The extreme right party has received bad press for being a current day “authoritarian” or “neo-Nazi” party, especially with a symbol resembling to the Nazis’ swastika. The party came to power in 1985 under Nikos Michaloliakos.

Tensions rose again in Greece with death of an anti-fascist rapper, Pavlos Fyssas.Τhe Golden Dawn are linked to the crime, as a member of the party was arrested for the murder and after he was imprisoned he confessed his crime. After that, top leaders of the Golden Down were arrested with charges of forming and operating a criminal gang that terrorized the streets of the country. Among the individuals arrested is the main leader of the Golden Dawn, Michaloliakos, and other politicians. Hopefully, this neo-Nazi party will soon cease to exist.







Davidson, Kavitha. "Greek Man With Golden Dawn Ties Arrested In Stabbing Murder Of Pavlos Fyssas, Anti-Fascist Rapper." The Huffington Post. TheHuffingtonPost.com, 21 Sept. 2013. Web. 1 Nov. 2013. <http://www.huffingtonpost.com/2013/09/21/pavlos-fyssas-murder-arrest_n_3967880.html>.

Smith, Helena. "Golden Dawn leader jailed ahead of Greek criminal trial." The Guardian. N.p., n.d. Web. 1 Nov. 2013. <http://www.theguardian.com/world/2013/oct/03/golden-dawn-leader-jailed-nikos-michaloliakos>.


Smith, Helena. "Golden Dawn leaders brought to court to face charges of murder and assault." the Guardian. N.p., n.d. Web. 1 Nov. 2013. <http://www.theguardian.com/world/2013/oct/01/golden-dawn-court-charges-murder-assault>.

Taube, Michael. "TAUBE: Shunning Greece’s Neo-Nazi ‘Golden Dawn’." The Washingtion Times. N.p., 9 Oct. 2013. Web. 01 Nov. 2013. <http://www.washingtontimes.com/news/2013/oct/9/taube-shunning-greeces-neo-nazi-golden-dawn-wackos/?page=2>

China in Australia

        It comes as no surprise that China is the world's heaviest consumer of iron-ore (key component of steel), as well as being the second largest producer. Australia ranks first in iron-ore exports and their relationship with China regarding the world's most important commodity cargo after oil has become even more essential due to Chinese steel production and grade quality decreasing. Current trends indicate that iron imports to China will increase to one billion tons in 2018. Despite China's only increasing appetite for iron-ore, prices are not likely to rise so significantly because of Australia's responsive increase in iron-ore exports which are anticipated to grow at an 8% annual rate from now to 2018, when total output would be 874 million tonnes.

       Australia's booming iron-ore sector has been spurred by China's rapid industrialization, greatly helping their economy in this tough climate. Is it possible that there could be an iron-ore crisis in the future due to increasing global demands, particularly from China? It is not likely that this boom will become a bust for Australia's mining sector; however, China must properly plan its national strategy for iron ore resources. Two weeks ago, China initiated its first iron-ore futures contract giving them added control in setting market prices. For now, it is too early to predict the effects of the Dalian Commodity Exchange contracts but while there are few major suppliers of steel and China's foreign demand is strong, importers like Australia will continue to hold the benchmark for prices.

1. Behrmann, E. (2013). Iron-Ore Forecasts Raised by Australia as China Demand Jumps. Retrieved from http://www.bloomberg.com/news/2013-10-02/australia-increases-iron-ore-estimate-on-chinese-demand-outlook.html

2. Bloomberg News. (2013). Dalian Iron Ore Futures Debut as China Seeks Pricing Power. Retrieved from http://www.bloomberg.com/news/2013-10-17/iron-ore-futures-debut-in-dalian-as-china-seeks-pricing-power.html

3. Russell, C. (2013). China iron ore futures start strongly, but long way from domination. Retrieved from http://www.reuters.com/article/2013/10/31/column-russell-china-ironore-idUSL3N0IL19R20131031