The best news for 2007: Australian premier ratifies Kyoto Protocol

Change happened in Australia - for the better, for the greatest good. The world as well benefited from this great event that happened down under. I mean, this is one of the greatest events, for 2007, that will help save Humanity. Kudos to the Aussies!

I just WISH, for the sake of the world, for the sake of all living things, and for all those wonderful creations:

for America to have a President, similar to Australia's Rudd. Somebody who would ratify the Kyoto Protocol. I wish the same for Russia, China and India.

On the news today:

Australian Prime Minister Kevin Rudd had ratified the Kyoto Protocol on climate change in his first official act after being sworn in as leader. "Today I have signed the instrument of ratification of the Kyoto Protocol," Rudd said in a statement.

"This is the first official act of the new Australian government, demonstrating my government's commitment to tackling climate change."

Under United Nations guidelines, ratification of the document will enter into force in 90 days meaning Australia will be a full member of the Kyoto Protocol before the end of March 2008, Rudd said.

The move leaves the United States as the only major developed nation that has refused to ratify the Kyoto Protocol.

Rudd will undertake his first foreign visit as prime minister next week when he travels to the Indonesian resort island of Bali for the opening of the high level segment of a United Nations conference on climate change.

The conference, which began Monday, is expected to negotiate a "Bali Roadmap" for the next round of global efforts on climate change when the first round of targets under the Kyoto Protocol expires in 2012.

Good News: Chavez lost in Venezuela

My last post showed concern on what's going to happen in Venezuela, after the referendum, if ever, Chavez got his way. And there is good news today.

Agence France-Presse
Last updated 01:41pm (Mla time) 12/03/2007

CARACAS -- Venezuelan President Hugo Chavez admitted his defeat in a weekend referendum aimed at expanding his powers, in a media conference broadcast live.

Voters marked "no" on 51 percent of the valid ballots cast on Sunday, compared to 49 percent who supported Chavez's reforms, the head of the National Electoral Council, Tibisay Lucena, told media.

"I don't feel sad, no, I don't feel sad," Chavez said, stressing that there were "minimal differences" in the final result.

If our situation is bad, in Venezuela it is worse

I read on the yahoo news a few minutes ago that Venezuela is doing a referendum to:

1. Abolish term limits for President opening the way for Chavez to stay on indefinitely past January 2013, when he is due to step down.He has said he would govern for life if the people backed him.

2. Changes to allow the government to take over the central bank, expropriate private property in the name of "economic socialism," and gag the media in times of emergency are also being proposed.

Whoaaah! Imagine if it is GMA who would propose, much less carry out this kind of referendum!

Not only that, he also threatened Saturday to halt oil exports if he sees US meddling in, or after, the hotly contested weekend referendum!

Another is, he has promised to nationalize Spanish banks in Venezuela if Spain's King Juan Carlos does not apologize for telling him to "shut up" at a recent summit.

Ahoi...implications of this is, expect a much higher oil prices on Monday. If you are into stocks, think about the shares of the Spanish Banks, when results show that the madness of Chavez starts to become a reality come Monday!

This madness is only possible because they have oil, that is it.