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The persistence of low oil prices is wreaking havoc in oil-producing nations, and no country is as vulnerable to the crude crunch as the Kingdom of Saudi Arabia. With almost聽three-quarters of the governments budget聽originating from oil revenues, the prolonged plunge in prices is a mortal threat to the Saudi monarchy.Leaders are scrambling to secure a prosperous and stable future for the country. But are these maneuvers too late With almost three-quarters of the governments budget origi stanley cup nating from oil revenues, the prolonged plunge in pr stanley cup ices is a mortal threat to the Saudi monarchy. The blunt reality is that Saudi Arabia has grown accustomed to high oil prices. At their current level, the regime is facing a $100 billion budget deficit. The gap has forced the Kingdom to聽cut聽subsidies and聽secure聽its first outside loan in over a decade. Popular sentiment is rapidly shifting as citizens who once enjoyed聽cushy jobs聽are facing uncertain futures. Given the聽state employs two-thirds聽of native workers, and youth unemployment is approach stanley cup ing 30 percent, the risk of social unrest is rising.Amid the seemingly inevitable chaos, 30-year-old Deputy Crown Prince聽Mohammed bin Salman has聽emerged聽with a聽plan聽to save the day. Dubbed Vision 2030, the plan has Saudi Arabia selling shares in Aramco, the state-run oil behemoth, and building a $2 trillion sovereign wealth fund. To put this number in context, its worth noting that the worlds largest sovereign fund Norways Dijy Diving Into Patchwork Nation
Mr. Bush told the delegates, 160;Every nation has a stake in this cause. As we meet, the terrorists are planning more murder, perhaps in my country or perhaps in yours.History will record our response and judge or justify every nation in this hall. The civilized world is now responding. We act to defend ourselves and deliver our children from a future of fear.President Bush is among more than 40 world leaders set to address the General Assembly 82 jordan 17 annual general debate. The session, originally set for Sept. 24, was delayed for the first time in the organization 56-year history because of the attacks on the World Trade Center and the Pentagon.The president said that those like the Taliban who give safe harbor to Osama bin Laden and the al-Qaida terrorist network, suspected in the attacks, will find t adidas originals heir welcomed guests are parasites that will weaken them, and eventually consume them.The allies of terror are equally guilty of murder and equally accountable to justice, the president said. The Taliban are now learning this lesso yeezy n.In recent weeks, the U.S. has added groups like Hamas and the Hezbollah to the growing list of groups whose assets must be seized and movements limited. Some nations, such as Lebanon, have said they would not crack down on some groups saying they have fought for independence and freedom.President Bush told the UN that nations cannot select which organizations are terrorists and