Distribution of Sunnis and Shias

I did not realize how, outside of Iraq and Iran, how many more Sunnis there are than Shias. I kindof feel I should have known that, but there you have it. Click on the map for a larger image.

Sunni v. Shia map

The map is a scan of a CIA-created, public domain map downloaded from the Perry-Castañeda Library Map Collection's World Maps series found via Wikipedia.

More from Wikipedia:

By some estimates, approximately 15% of the world's Muslims are Shia. There are an estimated 130 to 190 million Shia Muslims[2] (including Twelvers, Ismailis, Zaidis) throughout the world, about three quarters of whom reside in Iran, Pakistan, India, Iraq, Azerbaijan, and Afghanistan. [3][4]

A large portion of the world's Shia live in the Middle East. They constitute a majority in Azerbaijan, Iraq, Bahrain and especially Iran, where 90% of the population is Shia, giving it the highest percentage of Shia Muslims of any country in the world[3]. In Lebanon Shia form a plurality, and they remain as significant minorities in Afghanistan, Syria, India, Pakistan, Turkey and Yemen. Among the smaller Persian Gulf states, Qatar, Kuwait and the United Arab Emirates also have significant Shia minorities, as does the Eastern Province of Saudi Arabia.

About 20% of India's Muslim population is Shia, and significant Shia communities exist on the coastal regions of West Sumatra and Aceh in Indonesia (see Tabuik). Shia presence is negligible elsewhere in Southeast Asia, where Muslims are predominantly Shafi'i Sunnis.

According to the Shia, one of the lingering problems in estimating the Shia population is that unless the Shia form a significant minority in a Muslim country, the entire population is often listed as Sunni. The reverse, however, has not held true, which may contribute to imprecise estimates of the size of each sect. For example, the 1926 rise of the House of Saud in Arabia brought official discrimination against Shia [5]. The Shia-majority areas of Al-Ahsa, Qatif and Hofuf on the Persian Gulf, and western Arabia provinces of Jazan, Asir and Hijaz, that had large Shia minorities, have officially been completely stripped of their religious identities. Some Shia claim that they endure much bigotry and other indignities from Walmen authorities daily and that Shia pilgrims from other countries are often singled out for harassment (see Status of religious freedom in Saudi Arabia); in Saudi Arabia they are called accaf (عكف) which means rejecters (رافضه).

Posted on April 7, 2007 and filed under Global Economy.

100 Oldest Currently Registered Domains

Computer

Here are the first twenty:

1. 15-Mar-1985 SYMBOLICS.COM 2. 24-Apr-1985 BBN.COM 3. 24-May-1985 THINK.COM 4. 11-Jul-1985 MCC.COM 5. 30-Sep-1985 DEC.COM 6. 07-Nov-1985 NORTHROP.COM 7. 09-Jan-1986 XEROX.COM 8. 17-Jan-1986 SRI.COM 9. 03-Mar-1986 HP.COM 10. 05-Mar-1986 BELLCORE.COM 11. 19-Mar-1986 IBM.COM 11. 19-Mar-1986 SUN.COM 13. 25-Mar-1986 INTEL.COM 13. 25-Mar-1986 TI.COM 15. 25-Apr-1986 ATT.COM 16. 08-May-1986 GMR.COM 16. 08-May-1986 TEK.COM 18. 10-Jul-1986 FMC.COM 18. 10-Jul-1986 UB.COM 20. 05-Aug-1986 BELL-ATL.COM

Funny to see a lot familiar names... Full 100 are here

Posted on April 7, 2007 and filed under Online Media.

Skadden Prepares For a Wave of Bankruptcies

indiana courthouse

From Dealbook

An excerpt below:

Mr. Milmoe, who led the Skadden team that advised Refco, the commodities broker that collapsed into bankruptcy in October 2005, was asked recently about the next wave of bankruptcies. Following are excerpts from the discussion.

Q. Why has corporate bankruptcy activity been so slow?

A. It’s part of a normal cycle. Over 35 years, give or take, we see high levels of activity every five to seven years with some regularity. The deals most easily charted are the ones that are a function of economic policies: easy money versus tight money. At the moment, we are experiencing a massive amount of available cash, and that cash for investment has been available for two and a half to three years. What we’re predicting is that companies who were bailed out of a difficult situation two or three years ago are now coming up on a situation where they will have gotten in trouble again. Some percentage of those companies will continue to be rescued by available capital. But with others, people will say, “This was a bad investment, and we’re not going to throw more good money after bad.”

Q. When you look at the recent boom in leveraged buyouts, do you think of it as bankruptcy work in the making?

A. During the last cycle there was — or there used to be — a stigma associated with private equity firms’ having their portfolio companies go into bankruptcy. But if you look back at the period from 1999 to about 2002, enough portfolio companies went in that a flippant kind of remark gained some currency: “If at least one of your companies doesn’t go into bankruptcy, you’re not trying hard enough.” The analogy is: “You’re not going to hit home runs unless you strike out.” Of course, I’m a lawyer, and I bill by the 10th of an hour. There are multibillionaires out there who got to be multibillionaires by taking risks, identifying companies that had the wherewithal to load up on leverage and still make wonderful equity returns. Still, you hate to see decisions being made that are not wise.

Posted on April 6, 2007 and filed under Finance.

Citadel Founder Personality Piece

Fun, content-free, personality piece on Citadel's founder in Dealbook From Dealbook

IN 1988, a very young-looking 19-year-old Harvard student sneaked past the receptionist at the Boston office of Merrill Lynch, found the manager in charge of convertible bonds and struck up a conversation about the technical aspects of valuing those bonds.

A few weeks and some discussions later, the student, Kenneth C. Griffin, asked Terrence J. O'Connor, the convertibles expert, to open an institutional trading account with $100,000 he had collected from his grandmother and his dentist, among others. At the time, the size of the average institutional account was $100 million.

"My boss thought I was crazy," recalled Mr. O'Connor, who nevertheless persuaded his boss to let him open the account.

That gamble doesn't look so crazy today.

Mr. Griffin is the chief executive of Citadel Investment Group, one of the most powerful and fastest-growing companies in the hedge fund business, with more than $13.5 billion of capital.

Posted on April 5, 2007 and filed under Finance.