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Wednesday, November 7, 2012

Syria crisis: Damascus hit by deadly blasts

Scene after blast in Waroud, Damascus. 6 Nov 2012
A spate of bomb attacks has rocked the Syrian capital Damascus leaving several people dead and many others wounded, activists have said.

At least 10 people reportedly died when several blasts struck an area populated mostly by members of President Bashar al-Assad's minority Alawite sect.

Hours later, a car bomb exploded near a mosque in the largely Sunni Muslim district of al-Qadam, activists said.

Early reports said there were many casualties but details were unclear.

The Syrian Observatory for Human Rights (SOHR), a UK-based activist group, said at least 10 civilians died and more than 40 were wounded when three devices were detonated in the largely-Alawite north-western Waroud suburb of the capital.

The official Sana news agency said several people had died.

Later on Tuesday, a bomb in a parked taxi went off near a mosque in al-Qadam destroying nearby buildings and burying people in the rubble, activists said.

"Lots of people were hit inside their apartments. Rescue efforts are hampered because electricity was cut off right after the explosion," activist Abu Hamza al-Shami told Reuters news agency.Warplanes

Meanwhile, clashes, shelling, explosions and air raids were reported in different parts of Syria on Tuesday.

SOHR said seven people had been killed by government air raids in the Houla region of Homs province, and that eight people had died after troops shelled the town of Saraqeb in Idlib province.

Seven civilians also died when warplanes bombed the south-eastern Damascus suburb of Kafarbatna, it added.

The SOHR is one of the most prominent organisations documenting and reporting incidents and casualties in the Syrian conflict. The group says its reports are impartial, though its information cannot be verified.

Sana reported that Mohammed Osama Lahm, brother of the speaker of the People's Assembly, had been shot dead in the Midan district of Damascus.

Later this week, the opposition Syrian National Council (SNC) is to consider a US-backed proposal to set up a new 50-member leadership group that speaks for all major opposition factions and includes military commanders and local councils.

The SNC has been accused of being too fragmented, too heavily based upon exiles and unwilling or unable to attract support from minority groups inside Syria.

It would have a minority stake in the new leadership group, but some opposition figures are still sceptical that the effort will succeed.

BBC

Obama reelection signals new phase in Syria war


ZAATARI, Jordan (AP) — Within hours of President Barack Obama’s re-election the deadlocked Syrian conflict moved into a new phase Wednesday, with Britain’s prime minister urging the US to join him in working directly with Syrian rebels and Turkey saying Washington has discussed protecting a safe zone inside Syria with Patriot missiles.

The changes would mark a profound shift in Western efforts to oust Syrian President Bashar Assad, and indicate that leaders have been waiting for the result of the US presidential election before embarking on a new strategy to end the civil war that has killed more than 36,000 people.

British Prime Minister David Cameron, visiting a camp for Syrian refugees in Jordan, said the US, Britain and other allies should do more to “shape the opposition” into a coherent force and open channels of communication directly with rebel military commanders. Previously, Britain and the US have acknowledged contacts only with exile groups and political opposition figures inside Syria.

Meanwhile, a Turkish official said Turkey and allies, including the United States, have discussed the possibility of using Patriot missiles to protect a safe zone inside Syria.

The foreign ministry official, who spoke on condition of anonymity because of ministry prohibitions on contacts with the news media, said planning for the safe zone had been put on hold pending the US election. He said any missile deployment might happen under a “NATO umbrella,” though NATO has insisted it will not intervene without a clear United Nations mandate.

“There is an opportunity for Britain, for America, for Saudi Arabia, Jordan and like-minded allies to come together and try to help shape the opposition, outside Syria and inside Syria,” Cameron said. “And try to help them achieve their goal, which is our goal of a Syria without Assad.”

In London, British Foreign Secretary William Hague said talks with rebel military leaders would not involve advice on military tactics or support for their operations. Hague also insisted that Britain would not consider offering weapons to Assad’s opponents.

“British contacts with military elements of the Syrian armed opposition will be limited to a political dialogue including working towards an inclusive political transition,” he told lawmakers in the statement.

Face-to-face meetings with military figures will take place outside Syria, Hague said. Diplomats from the US, Britain, France and Turkey are already scheduled to meet with Syrian opposition groups on Thursday in Doha, Qatar, though there has been no announcement that those talks will include discussion with rebel fighters.

“With the re-election of Obama, what you have is a strong confidence on the British side that the US administration will be engaged more on Syria from the get-go,” said Shashank Joshi, an analyst at London’s Royal United Services Institute, a military and security think tank.

At the Zaatari camp, where more than 33,000 people have fled Syria, Cameron said he would press Obama at the first opportunity to drive forward efforts to end the 19-month-old conflict.

“One of the first things I want to do with the newly elected president is talk about how we can do more for refugees here on the border, more pressure on the United Nations, more pressure on this dreadful regime behind me in Syria, more to help the opposition,” Cameron said.

Cameron will convene a meeting of Britain’s National Security Council in London devoted entirely to Syria and how the U.K. can encourage Obama to pursue a more direct strategy, the British leader’s office said.
The Times of Israel

Gold Set for Longest Winning Run in 2 Months on Obama Win



Gold gained for a third day in New York, heading for the longest winning streak in more than two months, on expectations the U.S. will keep stimulus measures to boost the economy after President Barack Obama won re-election.

Obama defeated Republican Mitt Romney, becoming only the second Democrat since Franklin Roosevelt to win another term. The Fed said Oct. 24 it will maintain $40 billion in monthly purchases of mortgage debt and probably hold interest rates near zero until mid-2015. The U.S. dollar weakened as much as 0.4 percent against a six-currency basket. Bullion usually moves inversely to the greenback.

Bullion advanced 10 percent this year and is set for a 12th annual gain after central banks took steps to stimulate economies hurt by Europe’s debt crisis. Photographer: Chris Ratcliffe/Bloomberg

“Obama’s victory gives confidence that the Fed’s quantitative easing will continue unhindered,” said Bjarne Schieldrop, the Oslo-based head of commodity research at SEB AB.

Gold for December delivery rose 0.6 percent to $1,724.90 an ounce by 6:51 a.m. on the Comex in New York. It rallied as much as 1 percent to $1,733 an ounce, the highest price since Oct. 19. Gold for immediate delivery gained 0.5 percent to $1,725.10 an ounce in London.

Gold futures climbed 1.9 percent yesterday, the most since Sept. 13. They jumped 4.2 percent on Nov. 4, 2008, the day Obama was elected for his first term, and more than doubled during the four years of his presidency.

“Gold could not have asked for a better outcome,” Edel Tully, an analyst at UBS AG in London, said in a report today. “Now it’s up to buyers to step up to the plate.”

Bullion advanced 10 percent this year and is set for a 12th annual gain after central banks took steps to stimulate economies hurt by Europe’s debt crisis.
Fiscal Cliff

Obama will need to address a so-called fiscal cliff of more than $600 billion in tax increases and spending cuts that take effect in January unless Congress reaches a budget compromise.

Gold rose to $1,730.50 an ounce in the morning “fixing” in London, used by some mining companies to sell output, from $1,691 yesterday afternoon.

Silver for December delivery added 0.3 percent to $32.13 an ounce after a 2.9 percent jump yesterday. Platinum for January delivery increased 0.3 percent to $1,563.10 an ounce and palladium for December delivery fell 0.5 percent to $617.35 an ounce.

Bloomberg

US election: America goes liberal with gay marriage, abortion and cannabis votes



Follow our US Election coverage as Barack Obama defeats Mitt Romney and is re-elected as President.

The generally liberal moves were decided among more than 170 ballot initiatives and referendums held across the country, as it re-elected Democratic President Barack Obama for four more years.

Mr Obama came out in favour of gay marriage months before the election which pitted him against Republican rival Mitt Romney, who insists that marriage should be reserved for a relationship between a man and a woman.

During his first four-year term Mr Obama had also fulfilled a pledge to repeal the controversial Don't Ask Don't Tell (DADT) law banning openly gay servicemen and women from serving in the US military.

Three states voted Tuesday to legalise same-sex marriage, including Maine – which voted in a referendum against it in 2009, but reversed that decision with 54 per cent in favour to 46 per cent against.

Washington state and Maryland also appeared set to approve the move, which had already been passed by state lawmakers. Both states voted 52-48 per cent in favour, according to CNN projections based on partial results.

Same-sex marriage is not federally recognised, but it was already legal in Connecticut, Iowa, Massachusetts, New Hampshire, New York, Vermont and the District of Columbia. It is constitutionally banned in 31 states.

Meanwhile three states – Colorado, Washington and Oregon – voted on proposals to legalise marijuana including for recreational use, going further than a number of states which already allow it for medicinal purposes.

Colorado backed the move by 54 per cent in favour to 46 per cent against, and Washington by 55 per cent to 45 per cent, according to CNN citing partial results. Oregon rejected it by 56 per cent to 44 per cent, it said.

Florida voters meanwhile rejected a proposal to ban the use of public funds for abortion or for insurance coverage for the service, according to partial results.

Fifty-five per cent of voters rejected Florida's so-called Amendment 6, with 45 per cent in favour, according to NBC and CNN.

Abortion has long been a hugely divisive issue in America, with many Republicans fiercely opposed. During the campaign two Republican politicians made controversial comments which fuelled the debate.

In Missouri Republican candidate Todd Akin triggered a firestorm by suggesting that a women's body could shut down conception in cases of "legitimate rape."

Then more recently in a hotly contested Senate race in Indiana, Republican Richard Mourdock was criticised for suggesting that if a woman becomes pregnant from rape, it is "something that God intended to happen."

Both Mr Akin and Mr Mourdock were beaten in their respective poll races on Tuesday, according to US networks.

Other closely watched ballot races included two in California: one to force food companies to provide labels for genetically modified (GM) ingredients in their products, which appeared set for rejection.

A vote on banning the death penalty – replacing it with life in prison without parole – appeared set to be rejected with 56 per cent against and 44 per cent in favour, according to CNN with 25 per cent of votes counted.

The Telegraph

Forecasting for the Post-Election Economy and a Post-Bernanke Federal Reserve

Tuesday, November 6, 2012

Storm Preparation

Joseph Herrin (11-05-2012)




Yesterday I came across an article I had posted 44 months ago. It is dated February 27, 2009. The post is titled How to Prepare for a Day of Disorder.

http://parablesblog.blogspot.com/2009/02/how-to-prepare-for-day-of-disorder.html

The article speaks of the surety of a day of great civil unrest precipitated by economic collapse. It describes some of the difficulty that Americans will face in that day. Following is an excerpt from the article:

A sister in Christ shared recently that the Lord had told her that even the electricity supply would become unreliable. At times it would be available, and other times it will be unavailable. I shared a similar revelation some months back as the Spirit of Christ brought me to understand the character of coming days.

Along with economic collapse there will be great interruptions to transportation. Stores will run out of food and supplies. Gas stations will run dry and find that re-supply is sporadic at best. Civil unrest will be a natural consequence, and multitudes will find it expedient to flee from the cities, many of which will be ablaze with fires and unruly gangs and rioters.

All of these things, and much more, have been prophesied for the days which are near at hand. How then should a Christian prepare for such days?
[End Excerpt]

As I read these words I considered how they could well be describing the conditions in New Jersey and New York in the aftermath of Hurricane Sandy. The news has been full of reports of millions of people having to cope with an absence of electrical service. A week after landfall there are still nearly two million people without power, down from a peak of eight million. The temperatures in this region are typically in the 40s during the daytime, dropping down to the 30s, and even falling below freezing, at night. Without electric heat, a great many people have been struggling to stay warm. The city of New York has been distributing free blankets to people without power.



Distributing Blankets in Wake of Hurricane Sandy

The absence of electricity has led to other problems as well. There has been an acute shortage of gasoline in the region following the storm. This is due to a mix of factors. Panic buying has led to runs on gasoline. Pipelines delivering petroleum products were shut down for a time. Tanker trucks have had a difficult time getting to flooded areas. Yet, part of the problem has been that gas stations rely upon electricity for their pumps to work. Without electricity there is no way to pump the gas.



Situations have become chaotic at the few gas stations that have had fuel. Fights have erupted and police and National Guard troops have had to be assigned to keep order. Patience has been taxed as people have waited for hours in lines that stretch for blocks, worrying if there would be any fuel left when they reached the pumps.



Gas Line Following Hurricane Sandy

There have been numerous reports of looting and civil unrest following the storm. Residents are fearful of answering their doors as gangs have been masquerading as utility workers to gain access to people’s homes to rob them. Yesterday’s news reported that as many as 40,000 people in the boroughs of New York city may need to be supplied with temporary, or long term, housing due to destroyed homes, flood damage, or absence of utility services. Many are currently staying in shelters. The mayor of New York described what a challenge this was in a city that is notorious for its lack of available housing.

Transportation has been hit especially hard in the region. Many of the subways were flooded and sustained significant damage. The NYC fleet of more than 13,000 cabs has had to idle more than half of them due to the unavailability of gas, or the difficulty and time involved in getting fuel. City bus service was made freely available, yet people are having to wait at bus stops for hours as buses bypass them due to their being filled to capacity. People have begun walking to their destinations, and if they are fortunate they have a bicycle to get them around.




Bikes Out in Force Following Sandy

One thing that is evident is that the normal, affluent, American life is impossible to maintain in such circumstances. Those who try to carry on as normal, driving their gas guzzling SUV’s, expecting to find easy access to food and other necessities, will be greatly disappointed, leading to conflict.




Police Controlling Crowds After Sandy

The majority of Christians today have embraced the lie that God wants them to be wealthy and to pursue the American dream of being materially affluent. Many are in debt. They are living paycheck to paycheck because they gave themselves to a surfeit of consumerism. In Biblical terms, they were guided by covetousness.

For many years I too was caught up in this consumer mentality. It was all I knew. Having been raised in American Christian culture I considered it normal to pursue a comfortable, and materially abundant, life. Had a storm such as Sandy descended upon my life prior to 1999 when I was entangled with this world, and the love of the things in it, I would have been woefully unprepared to survive. I lived a soft life. I would hop in the car just to drive to the corner store, or to a fast food restaurant a short distance away. I was overweight and out of shape. My life was dependent upon a Just In Time, uninterrupted flow of provision.

Since 1999, the Father has been speaking to me about being a forerunner. He has guided me down paths, and through experiences that a much larger remnant of His people must face in days that are close at hand. I will relate to you some of the things the Father has accomplished in transforming my lifestyle, and how these changes have placed me in good stead for weathering the coming storm.




One of the first things the Father did when I surrendered to be led of His Spirit was to strip me of the majority of possessions I had accumulated during many years of covetous living. The best way to survive calamitous days is to be unencumbered from an excess of material possessions. Lighten your load and surviving is much easier. The fewer things you possess, the less will be the demands upon you in coming days.

I Corinthians 7:29-32
But this I say, brethren, the time has been shortened, so that from now on those who have wives should be as though they had none; and those who weep, as though they did not weep; and those who rejoice, as though they did not rejoice; and those who buy, as though they did not possess; and those who use the world, as though they did not make full use of it; for the form of this world is passing away. I want you to be free from concern.

The Father took my family and I through a stripping process. We began with a 2,000 square foot house and a detached garage, both of which were filled with the accumulation of years of material consumerism. Numerous yard sales later, having given up one of our two vehicles, and having had our home foreclosed on, we were led to purchase a 28 foot motorhome and to pull a small car behind it. My family, which included my wife and two children, were able to carry all of our possessions in an RV with space approximately 1/10th that of which we formerly utilized.

I continue to live in this manner at the leading of the Father to this day. Some people have on occasion criticized me for “choosing” to live this way. Let me be very plain in stating before God and man that I did not “choose” this lifestyle. It is what the Father has chosen for me. He has guided me down a very certain path for reasons He has determined by His own counsel. Part of that divine purpose is that I might show forth by my example how it is possible to live in an affluent country like America that is driven by a consumer spirit, and yet live according to entirely different principles than the majority.

In the Bible, Christians are described as aliens and strangers passing through this world. They should stand out as peculiar, as distinct and different, in a world that is ruled by the spirit of Satan. It is the Christian’s other-worldliness that gives them their distinctive flavor, that causes them to be as salt and light in a moldering and dark generation. Prior to 1999 my life blended in with that of society around me. It was difficult to see anything substantially different from my activities, lifestyle, possessions, and priorities than that of my neighbors, whether Christian or non-Christian.

Things are very different today. It is noteworthy that it is those in the church whose lives stand out in contrast the most to that life Yahweh has led me to. It has been those in the church who have resisted, criticized, or reproached me the most for adopting the mode of living the Spirit of Christ has directed me to. This antagonism toward living a humble life does not bode well for the people of God when the storm falls upon this land.



The Dreamer and Trailer

Pictured above is the forty year old school bus the Father provided for me, and which He directed me to convert into a motorhome. I paid $1,200 for the bus four years ago. It was bare inside, having had most of the bench seats removed, and no improvements done to it. When the Father directs us to some activity or work, He will provide the wherewithal to perform it. Having returned from a four month cross-country speaking trip in 2010, I announced that the Father had directed me to move from my 1986 camper/van to this bus, but that I would need to convert it to a motorhome first.

My immediate thought was that I could take the appliances and various RV components out of my van and adapt them for use in the bus. However, the Father had a far more generous provision in mind. A brother in Tennessee contacted me. He had a wrecked, three-year-old, Coachmen motorhome in his salvage yard. He told me I could come strip all of the parts off of it that I needed, and use them to outfit my bus. What a tremendous blessing this was. I drove my van to Tennessee, rented the largest U-haul trailer available (12 feet long) and filled it from front to back with parts stripped off of the Coachmen RV. This included the waste water holding tanks, the potable water system, shower, toilet, plumbing, kitchen sink, roof air conditioner, dinette that makes into a bed, propane tank, stove, refrigerator, light fixtures, roof vent, electrical distribution box, and more. It took me three months steady labor to convert the bus to a motorhome.




Bus Before Conversion




Bus After Conversion

The whole interior of the bus is not in view in the above photo. Adjacent to me, and just out of sight, is a cast iron wood stove that I installed. I picked it up used for $40. Should the power go out, as it has in New York and New Jersey, I would be able to stay warm.

Additionally, the Father has led me to not purchase a tow vehicle. I sold my van and do not own a car. I have been riding a bicycle for years. I have baskets on the rear of my bike for carrying groceries. Last week I rode my bike to the grocery store from my current location. It is 4.2 miles each way, mostly down dirt roads. The trip was pleasant, and it is good exercise. I am in this way enabled to be free of dependency upon gas stations for my local running around.




My Bike and Baskets

Since my recent move to a secluded, rural location, I have been looking for ways to be independent in my daily living. A couple days ago I read a story relating to Hurricane Sandy that focused on people’s inability to wash their clothes. With the power out, and transportation spotty, many people did not have any clean clothes left to wear. Mobile laundries have been set-up in places. Residents are able to drop off their dirty clothes and have them washed for free, but due to demand they may have to wait days before they can come back and get their clean clothes.




Washing Clothes After Hurricane Sandy

It is fifteen miles to the nearest Laundromat from my current location. That is too far to ride my bike while carrying loads of clothes and detergent. I have therefore been putting together my mobile clothes washing system so I can take care of this need without going anywhere. My clothes washing system includes a plunger type mobile washer that can be purchased online at numerous sites for approximately $15, a 7 gallon bucket with a twist on lid, a mop bucket with an industrial ringer to squeeze the water out of my clothes before hanging them on the line to dry, a clothes line and clothes pins. (I have not acquired the mop bucket and ringer yet, but anticipate doing so soon.)




Mobile Clothes Washing System

I also did some research into making my own laundry detergent. You don’t want a sudsy detergent when washing by hand, and you use far less detergent than you would in an electric washing machine. I settled on a mixture of equal parts 20 Mule Team Borax, Arm and Hammer Washing Soda (not normal Baking Soda), and Oxi Clean.






My clothes washing solution may appear pretty humble when compared to the new appliances sold in stores today. Yet, the system I have adopted has distinct advantages. It is far less expensive. It does not require expensive maintenance or repairs. It is not dependent upon electricity to use. It is cheaper to operate, and I can carry it with me anywhere I go. It is a storm-ready system.

As I have pondered the many changes Yahweh has brought to my life since 1999,weighing these things in light of the dislocations caused by Hurricane Sandy, I have come to realize that my lifestyle today is far less likely to be disrupted by the events typical of national disasters than the life I was living prior to 1999. Gasoline shortages - no problem. Electricity goes out - I still have heat and lights. Washing clothes - no disruption. Transportation system failures - I still have my bike, and I am healthy enough to ride it. Yahweh has directed me to stock up on grains and legumes and various other staples, so food is also supplied.

People of God, let me stress that I did not make all of these life changes due to having some doomsday mentality, nor am I a rabid prepper. I have simply followed the leading of the Spirit of Christ. The result is that I am now far better situated to weather the storm that is coming to this nation than most Christians.

To arrive at this place I had to repent of the covetous spirit that I had formerly walked in. I had to be willing to let go of the world’s goods that I had accumulated over the course of many years. I had to be willing to be misunderstood, to stand out as different, to bear reproaches and criticism from family, Christians, and others. When the storm hits, as it surely will, I will not despise any of the challenges I had to face to be ready for that hour. I will be immensely thankful that the Father was faithful to guide me and to prepare me for what is coming.

As beneficial as it is to be prepared to weather a time of national unrest, there are many more reasons that the Father is leading His sons and daughters to alter their consumer lifestyles. He wants them to walk in a pure and undistracted devotion to Christ. No man can serve both God and mammon (materialism). Most Christians are attempting to do that which is impossible. As a result their relationship with Christ is suffering.

People of God, Yahweh is calling forth to His sons and daughters to come out of Babylon, to lay aside the love of the world. The church must abandon the mindset that tells them they need to pursue the American dream, to have all the modern conveniences, to keep up with the Joneses.

It may strike you as a radical thought today to ride a bike to the grocery store, rather than jumping in your car. It may seem impractical to wash your clothes by hand rather than using the latest modern appliances. It may seem undesirable to reduce your living space to a small fraction of what you previously have been accustomed to. Yet, in that hour when the storm hits and it is no longer possible to maintain the life of convenience and comfort that you have known, you will find that those who have embraced a humbler life will be the least affected. It is the most affluent, those with the most possessions and conveniences, who will suffer the most.




May you be blessed with peace and understanding in these days.

U.S. slips out of top 10 most prosperous countries


The U.S. slid from the top 10 most prosperous nations for the first time in a league table which ranked Canada sixth in the world for the second year in a row.

The U.S. fell to 12th position from 10th in the Legatum Institute’s annual prosperity index amid increased doubts about the health of its economy and ability of politicians. Norway, Denmark and Sweden were declared the most prosperous in the index, published in London Monday.

With the presidential election just a week away, the research group said the standing of the U.S. economy has deteriorated to beneath that of 19 rivals. The report also showed that respect for the government has fallen, fewer Americans perceive working hard gets you ahead, while companies face higher startup costs and the export of high-technology products is dropping.

“As the U.S. struggles to reclaim the building blocks of the American Dream, now is a good time to consider who is best placed to lead the country back to prosperity and compete with the more agile countries,” Jeffrey Gedmin, the Legatum Institute’s president and chief executive officer, said in a statement.

The six-year-old Legatum Prosperity Index is a study of wealth and wellbeing in 142 countries, based on eight categories such as economic strength, education and governance. Covering 96% of the world’s population, it is an attempt to broaden measurement of a nation’s economic health beyond indicators such as gross domestic product.



The Legatum Institute is the public policy research arm of the Legatum Group, a Dubai-based private investment group founded in 2006 by New Zealand billionaire Christopher Chandler.

Global Prosperity
The report shows that even amid the worst financial crisis since the Great Depression, global prosperity has increased across all regions in the past four years, although the sense of safety and security is decreasing amid tension in the Middle East and fear of crime in Latin America.

Norway and Denmark retained the pole positions they held last year in the overall prosperity measure, while Sweden leapfrogged Australia and New Zealand into third. Canada, Finland, the Netherlands, Switzerland and Ireland rounded out the top 10. The Central African Republic was ranked bottom.


In its sub-indexes, Legatum named Switzerland the strongest economy and home to the best system of governance. Denmark is the most entrepreneurial and New Zealand has the best education, while health is best in Luxembourg and Iceland is the safest. Canadians enjoy the most personal freedom and Norwegians have the greatest social capital.

Hard Work

With President Barack Obama and Republican challenger Mitt Romney tussling for the White House, Legatum said the U.S. economy declined two places from last year to 20th. It found that 89% of Americans believe hard work produces results, up from 88% last year, and the government’s approval rate dropped to 39% from 42%.

Plagued by the euro-area debt crisis, 24 out of 33 European nations have witnessed a decline in their economic score since 2009, according to Legatum. On the prosperity scale, Greece recorded the biggest drop in 2012, falling 10 places since 2009 to 49th. Spain held on to 23rd place.

The U.K remained 13th, one place ahead of Germany, and Legatum predicted it will overtake the U.S. by 2014 as it scores well for entrepreneurship and governance. Nevertheless, the status of its economy remains a weakness as it slid five places to 26th on that score and job satisfaction is low.

Asian Scores

In Asia, Hong Kong, Singapore and Taiwan all ranked in the top ten for their economies and the top 20 overall. So-called tiger cub economies Vietnam and Indonesia also rose. Indonesia experienced the largest gain in prosperity of any country since 2009, jumping 26 positions to 63rd.

Switzerland, Norway and Singapore topped the economy sub- index, which measures satisfaction with the economy and expectations for it, the efficiency of the financial sector and foundations for growth. In a gauge of entrepreneurship, Denmark ran ahead of Sweden and Finland for the strength of innovation and access to opportunity.

Switzerland also topped the rankings for best government. It was followed by New Zealand and Denmark in a measure determined by the effectiveness and accountability of lawmakers, the fairness of elections, the participation of people in the political process and rule of law. The highest marks for education went to New Zealand, Australia and Canada.

Luxembourg, the U.S. and Switzerland were graded the best for health treatments and infrastructure as well as preventative care and satisfaction with the service. Iceland, Norway and Finland topped the chart for safety and security; Chad, Congo and Afghanistan ranked the lowest on that index.

Canadians, New Zealanders and Australians enjoy the most freedom and social tolerance, Legatum said. Norway, Denmark and Australia had the highest scores for social capital as monitored by social cohesion and family and community networks.

Financial Post