Wednesday, May 9, 2012

China buying oil from Iran with yuan, North Carolina's ban on gay union &


China buying oil from Iran with yuan

The US has been pressuring China to join an international boycott of Iran oil over Tehran's nuclear programme. One of the methods they are using is to make it difficult for Iran to accept payments for oil in the US currency. However China, the biggest buyer of Iranian crude oil exports, is not letting the US control them and they have started using Yuan, their own currency to buy oil from Iran instead of the usual US dollar. 
This is part of the moves China has done to promote usage of yuan as an international currency as a rival to the dollar, including the establishment of a new offshore trading centre in London alongside the existing centre in Hong Kong.

North Carolina to ban on gay union

North Carolina law already bans gay marriage, but with recent votes of 74% of precincts reporting, more than 60% had voted to strengthen the gay marriage ban, with just under 40% opposing it.
Voters who voted for the amendment were mainly christians who believed in following the law of the bible while those who voted against the amendment believed in equality regardless of sexuality. 
President Obama has not made an official statement towards this amendment, but the White House press secretary has informed that Obama's positions were still the same; meaning he still believes his belief that it is wrong to take actions that would deny rights to LGBT citizens or revoke rights already provided to them.

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