Friday, August 23, 2002

United Nations Humor
The tin pot dictators of Africa have selected Libya to chair the UN Commission on Human Rights. The US State Department has their striped knickers in a twist, but as the NY Post editorializes:
The State Department reportedly is scrambling to find a way to block Libya from assuming the chairmanship of the U.N. Commission on Human Rights come January.

But why bother? Is there a better way to demonstrate how nonsensical "human rights" has become than by having Libya run the show?
Meanwhile the bureaucrats on the East River want to do a little remodeling. Not surprisingly the tab keeps going up and the current favored proposal now runs $1.3 billion.
For the United Nations, the key question is how to pay for the repairs, which will run to hundreds of millions of dollars no matter which option is chosen.

U.N. officials are hoping - somewhat unrealistically, they acknowledge - that a government, foundation or billionaire will step forward with an interest-free loan as the United States did in 1949 to finance the original construction.

Failing that, they are hoping for a new and separate assessment of dues from governments willing to shoulder the extra expense.
Hmm, it's nice the way that governments have all this money. I wonder where they get it?
A final option is for the organization to seek permission from the General Assembly to float public bonds or borrow the money at commercial interest rates.

...

Despite its sometimes wobbly financial condition, experts say the United Nations could get a highly favorable AA rating based on the overall financial health of the member governments themselves.

The catch there is that nations would have to agree to service the debt before paying anything else out of the regular budget.
Bwahaha. I really want to sign up for some UN bonds.