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  • Eight men own more than 3.6 billion people do: our economics is broken

    Today, eight people have the same wealth as the poorest half of the world’s population. Stop and think about this. It is a mind-boggling concept.

    Last year we said we would have needed a double-decker bus to transport the 62 people we thought owned the same as the poorest 3.6 billion on the planet. In 2017, thanks to more accurate data, we find that in fact this group would fit in a single golf buggy.

    Today nearly 800 million people – one in nine – across the world will go to bed hungry or undernourished. The adults will wake up uncertain when they will next eat, whether they will have work, fearful for their health and the costs that illness in the family might bring. The eight men – yes, they’re all men – and their fellow billionaires will wake up having slept rather better, and their wealth, invested across the world, will have increased by countless millions even as they slept.

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  • Police arrest top officials on suspicion of corruption

    Police have arrested top heads of Ethio Telecom and the Commercial Bank of Ethiopia (CBE) on suspicion of corruption.

    The suspects include Abraham Guade, deputy manager and head of Sourcing and Facility Division of Ethio Telecom as well as Ephrem Mekuria, head of Communications of the Commercial Bank of Ethiopia (CBE).

    Both suspects appeared before the court on Wednesday.

    Abraham was arrested on suspicion of corruption and causing a loss of government revenue after favoring a tour agency called Kereyou Tour and Travel to rent vehicles to Ethio Telecom with fake manufacturing date and out of the initial deal.

    According to police, the telecom official deliberately allowed vehicles manufactured before 2000 to pass the inspection pretending they were manufactured on and after 2000.

    In doing so, Ethio Telecom rented 67 vehicles from the agency but police did not mention the amount of loss incurred.

    The telecom official was arrested on December 27, 2016, and appeared at the second criminal bench of the federal high court yesterday. (FBC)

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  • Ethiopia accuses Allana Potash of tax evasion

     

    Prime Minister Hailemariam Dessalegn on Monday accused Allana Potash, the Canadian company which was engaged in potash mineral exploration and development project in the Afar Regional State, of tax evasion. In a press conference held in his office on Monday morning, Prime Minister Hailemariam was asked about the state of the Ethiopian mining sector and the exit of prominent mining companies such as Allana Potash and Israel Chemicals Ltd (ICL). Hailemariam said that the case of Allana was related to tax evasion. “Allana owes the Ethiopian government some two billion birr in tax. Allana should pay this and the Ethiopian government will use legal means to recover its money,” the prime minister said. Allana Potash, which was listed on the Toronto Stock Exchange through its subsidiary company Allana Potash Afar, was prospecting for potash deposit in the Danakil Depression in North East Ethiopia for more than six years and spent tens of millions of dollars on the exploration project. The company discovered 3.2 billion tons of potash which could be mined for 50 years. The company had the plan to invest 750 million dollars in developing the potash mine and export one million tons of potash yearly generating 430 million dollars. In 2013 the then Ministry of Mines granted Allana large-scale mining license that enables the company to mine the potash deposit. However, due to the commodity market crash particularly the nose-diving price of potash in the global market, Allana was unable to raise the required investment capital to finance the project. To avoid massive shareholders dilution the management and board of Allana Potash decided to sell the company. Accordingly, in March 2015 the board accepted the buyout offer from ICL, the 6th largest fertilizer producer in the world. At the moment, officials of the Ministry of Mines, Petroleum and Natural Gas were reluctant to recognize the deal citing that they were not pre-informed about the transaction, a claim which executives of Allana refute. Following the acquisition of Allana Potash, ICL applied to the Ministry of Mines, Petroleum and Natural Gas to transfer the mining license of Allana to ICL. While the ministry was evaluating the request made by Allana Potash Afar, a unit of ICL was allowed to continue the mine development work. Before the mining license transfer was made the Ethiopian Revenues and Customs Authority (ERCA) claimed Allana Potash Afar to pay some 55 million dollars in tax. The tax claim includes the withholding and VAT tax arrears, which was supposed to be paid by Allana, and capital gain tax for the acquisition of Allana. ICL rejected the tax claim and subsequently the board of ICL decided to terminate the potash project. In a statement issued in October 2016, the board stated that Allana Potash Afar was unable to carry out its work due to the obstacles posed by the Ethiopian government. “The board has taken this decision in view of the Ethiopian government’s failure to provide the necessary infrastructure and regulatory framework for the project and follows the Ethiopian tax authority’s rejection of Allana Afar’s appeal regarding the unjustified and illegal tax assessment which Allana Afar has declined to pay. In particular, as already notified to the government, Ethiopia’s acts and missions have been in breach of, inter alia, the protections to which the investment is entitled under an international investment treaty,” the company’s statement read.

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  • LADIES WEAK POINT – 6 Places Girls Want You To Touch In Her Body That Will Blow Her Mind

     

     

     

     

    6 Places Girls Want You To Touch – Generally most of the men like to touch the breast, vag1na and butt of the women. But they are neglecting the other sensitive parts that induce women and give a lot of happy moments. If you touch these parts during the s3x or foreplay she will get in the mood and feel special.

    Think no more of a women’s chasm, and search the erogenous spots that will get more excited to your lady. But most of the men doing this mistake is that they are goes directly for the women’s vag1na, breast or other private parts, without thinking about her other nine sensitive parts. So, if you would like to want your lady get into the s3xual mood, then stimulates her other body part. Here are some but important points where women want to be touched... 

    Hair: Men always attracting to their gorgeous looks, so only this reason women are very punctuate about her hairstylist look. Hair wash, color, cut and styling these processes may be quit stress reliever. Running your fingers smoothly through her hair this is a proper way to send tingles down her spine. 

    CollarBone:        

    Collarbone is very s3xy part on women. So why not display your best for this beauty with touching and kissing? Pay absorption to this anatomy allotment while she’s still absolutely clothed, unbuttoning her shirt aloof abundant to acknowledge the clavicle and no further. You should come back on this part when the clothes have fully disappears as well to remind her of the anticipation it create when you started there.

    Earlobes:

     
    Happy factor for your women will be touching, kissing and even lightly biting ear lobes. This delicate, smooth lobes are very sensitive and most of the girls go through for enjoy the sensation of having man lips on them. You should avoid jamming your tongue inside her ear, trying to do nibble around the outside her ear.
     
    Nape of her neck: When you go to the nape of her neck, stay there few minutes and place few kisses there. In ancient Japan, the women’s back neck was like as very attractive by men, so this is one of the few place not covered by any cloth. In trendy times, the nape of the neck is usually neglected in favor of a lot of obvious pleasure centers, however never underestimates the facility of mild touches and kisses from her hairline to her shoulders
    Inner Thighs: Touching her abutting thighs after venturing into the vag1nal breadth will accomplish for an accomplished aggravate that is abiding to get her revved up. Use your easily and aperture to cuddle and kiss the abdomen of her thighs, accepting excruciatingly abutting to her ultimate amusement spot, but affairs aback afore activity all the way.
    Concentrating some amore on her abdomen is a abundant idea, however, you’ll accept to abide the appetite to blooper bottom-ward to her vag1na while you’re so close. Like affliction her close thighs, kissing and beating about her abd0men will accelerate her until she’s allurement for more. Prolong the awareness by abrogation the arena to focus on addition anatomy allotment for a while.
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