With every passing day and without any signs that the flight ban over Europe might be soon over the world economy is loosing billions of dollars. Air travel is the biggest driver of economic activity with a clear positive correlation between the two. Hence, both tend to increase or decrease together.

According to Brussels- based Eurocontrol, the European Organization for the Safety of Air Navigation, 70% of Europe’s air travel has been brought to a still stand by the Icelandic Volcano.

This has a similar impact on all other regions world wide as incoming and outgoing traffic and trade volumes are connected on both sides of the travel origin and destination equation. The following video shows world air traffic flows between continents during a normal 24 hour day of normal operation.

Considering that 70% of European air traffic is missing it would be interesting to see how the current flow across our globe might look like.

Video

Extract from State Department Special Briefing:

AMBASSADOR COUSIN: Thank you very much, Ambassador Carson. I’d also like to thank the members of the press for your presence and interest in covering these important issues related to Somalia. As Johnnie Carson stated, the Somali people have suffered tremendously during the more than 20 years of conflict in their country.

The Somalia Monitoring Group, more commonly known as the SMG, submitted their report to the UN Security Council Sanctions Committee this past week. This SMG report – the SMG reports directly to the Security Council on implementation of the Somalia and Eritrea sanctions regimes. We take the work of the Somalia Monitoring Group very seriously and we are studying its recommendations.

Next week, the Security Council will meet and receive the regular 120-day report from the Chair of the Somalia Sanctions Committee that will include a briefing on the committee’s discussion of the SMG’s final report. The Somalia Monitoring Group report contains a number of recommendations, including those regarding the work of the World Food Program in Somalia. We at the U.S. Mission to the UN agencies in Rome are active members of the executive board of the World Food Program. This board regularly examines the work of the World Food Program and the perils its dedicated staff face around the world, particularly in places like Somalia.

In December of 2009, the World Food Program presented a briefing on the – its Somalia program to the World Food Program executive board. After the December board meeting, WFP did take internal measures to address the concerns raised in this internal report. Some of the same types of allegations were raised in the Somalia Monitoring Group’s report. So this morning, the executive board recognized that regardless of the process mandated by the SMG, the board has a responsibility for oversight and governance of the WFP operations. Consensus was reached by the board to ensure that all practices of the WFP in – WFP team in Somalia are in line with the organization’s policies and procedures.

We will continue to work to ensure that the generous contributions of the American people to support the work of the World Food Program are managed in an accountable and transparent manner. We express our gratitude to the WFP staff for their commitment to meet humanitarian needs in the most difficult of circumstances. The United States remains strongly committed to meeting the humanitarian needs of the people of Somalia. We continue to seek ways to ensure that the Somalian people receive the assistance they require.

I’ll end here, Assistant Secretary, and look forward to any questions from the media. Thank you.

MR. DUGUID: Before we get to the questions, I would like to make a correction for the record. I described Ambassador Cousin’s – one of her official duties rather than her official title, which is – Ambassador to U.S. Mission to the UN Agencies in Rome is her official working title.

As we call on you, please identify yourself and which ambassador you would like to speak to.

Matt.

QUESTION: Matt Lee with AP. Ambassador Carson, you mentioned at the very top – you were talking about a number of recent press reports. Can you be specific about what these reports said? I’m not asking you to identify whatever organization they were responsible. But what did they say? And what is wrong – what was wrong with them?

Secondly, you said that the Djibouti process was supported by IGAD, the AU, and all the countries of the region. But that’s not entirely true, is it? I mean, there is one country that doesn’t support it. Or has Eritrea changed their position? And then –those two very briefly – but then on the military aid that you talked about the several tons of weapons that have been provided to the TFG. Are there any concerns that those weapons may be leaking out in the same way that the food aid was described as leaking out to insurgents?

AMBASSADOR CARSON: Let me say, the most prominent article was one that appeared approximately a week ago in The New York Times, written by Jeff Gettleman, and I think co-authored by one of his colleagues, which asserted or carried the assertion that the U.S. Government had military advisors assisting and aiding the TFG, that the U.S. Government was, in fact, helping to coordinate the strategic offensive that is apparently underway now, or may be underway now, in Mogadishu, and that we were, in effect, guiding the hand and the operations of the TFG military. All of those are incorrect. All of those do not reflect the accuracy of our policy, and all of those need to be refuted very strongly. I think my statement clearly outlined what we are doing and why we are doing it.

You indicated that one state in the region has not joined in, and that is absolutely true; that is Eritrea. But Eritrea, in fact, stands alone. What my statement said was that all key states in the region, all the important states in the region – and I would include among them Kenya, Ethiopia, Uganda, and other members of IGAD –

QUESTION: You’re not planning to meet up with President Isaias anytime soon, are you?

AMBASSADOR CARSON: Whenever an opportunity presents itself to engage President Isaias in a conversation that will lead to peace and a cessation of Eritrean support for spoilers in the region, I will do so.

With respect to military weapons, we try as best we possibly can to ensure through a number of mechanisms that any assistance, any assistance that we give to the TFG, directly or indirectly, is accounted for and audited through mechanisms that we believe are very good.