Jos: A City Torn Apart
By HRW | Published December 2001
While some Nigerians point out that little could be expected from past military governments, who often resorted to violent repression themselves, there were hopes that the civilian government of President Olusegun Obasanjo, which came to power in May 1999, would be more responsive. Since 1999, inter-communal violence in Nigeria has increased. In addition to the crisis in Jos, there were several other serious outbreaks of violence in 1999, 2000 and 2001. In 1999 and 2000, there were violent clashes in the southwest between members of the Hausa and Yoruba ethnic groups. In February and May 2000, more than seven hundred people were killed in the northern town of Kaduna and in reprisal killings in the southeast, in clashes between Muslim and Christian communities over the mooted extension of the application of Sharia (Islamic law) in Kaduna state.1 In June and July 2001, between one hundred and two hundred people were killed in Nasarawa state in clashes between the Tiv and several other ethnic groups.
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Even if his pessimism doesn’t seem wholly warranted, a sense of foreboding surely is, which is why his warnings have to be taken seriously. Mr. Phillips writes that the inventors and marketers of the new financial instruments didn’t entirely understand them. An executive of Fidelity International says a panicky feeling has set in on Wall Street because no one knows where the risks really are. The finance minister of France observes that investments may have reached such a level of complexity that no one can assess them. And Charles R. Morris, in his own gloomy book, “The Trillion Dollar Meltdown,” reports that even Citigroup’s chief financial officer “did not know how to value his holdings.
- What Ails the American Economy?
-
By Kevin Phillips, Barry Gewen
28 Feb 2009
Even if his pessimism doesn’t seem wholly warranted, a sense of foreboding surely is, which is why his warnings have to be taken seriously. Mr. Phillips writes that the inventors and marketers of the new financial instruments didn’t entirely understand them. An executive of Fidelity International says a panicky feeling has set in on Wall Street because no one knows where the risks really are. The finance minister of France observes that investments may have reached such a level of complexity that no one can assess them. And Charles R. Morris, in his own gloomy book, “The Trillion Dollar Meltdown,” reports that even Citigroup’s chief financial officer “did not know how to value his holdings.