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2016-09-24 Arabia

Potential 72-hour truce proposed for Yemen

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Posted by Fred 2016-09-24 00:00|| E-Mail|| Front Page|| [11131 views ] Top
File under: Houthis

#1 I imagine the Saudis must be astonished they did not succeed in quickly conquering Yemen, given all their expensive, modern weaponry. How badly must their confidence be crumbling, especially coupled with the need to cut government spending to more closely match permanent revenue reduction?

From the Wall Street Journal:

Kingdom Comedown: Falling Oil Prices Shock Saudi Middle Class
Lower revenue hurts economy, prompting government to withdraw some benefits; as cost of living rises, consumers cut back on spending

Posted by trailing wife 2016-09-24 13:39|| 2016-09-24 13:39|| Front Page Top

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