African leadership 'priorities'

M/Y Eclipse at Frederikshavn, Denmark on 2009/...Image via Wikipedia
Guardian:

The playboy son of one of Africa's most notorious dictators commissioned plans for a luxury superyacht costing $380m (£234m) – nearly three times his country's combined health and education budgets, according to a corruption watchdog.

Teodorin Obiang, eldest son of Teodoro Obiang, the president of Equatorial Guinea, wanted to build the world's second most expensive yacht after the Russian tycoon Roman Abramovich's $1.2bn Eclipse, the campaign group Global Witness said. It condemned the plan as "outrageous extravagance" in a country where, despite vast oil wealth, 20% of children die before their fifth birthday and few people live beyond 50.

The government of the tiny west African country confirmed that Obiang junior had ordered the yacht design, but said he had decided against going ahead with it.

...
Well, what is health and education when you can be yachting? A yacht the size described would probably require crew and up keep cost that would compete for health and education dollars. Besides, with the downturn in the world economy he can probably pick up a barely used one for substantially less.  The yacht pictured is the one owned by the Russian king of conspicuous consumption.
Related articles
Enhanced by Zemanta

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t...
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more