Ivory Coast strongman accepts defeat ... An elders' group led by the former U.N. chief said Monday that Ivory Coast's arrested strongman has accepted his loss in a presidential poll, months after his refusal to cede power plunged the country into chaos and bloodshed. Former U.N. Secretary-General Kofi Annan, the group's leader, said the elders met with former strongman Laurent Gbagbo (left), who said he accepted the victory of President Alassane Ouattara. – Macon.com
Dominant Social Theme: The Wise Men of Africa claim that the election scandal is subsiding and all is well.
Free-Market Analysis: The "Elders" have struck again. The Elders are a self proclaimed group of wise men that includes Jimmy Carter, Kofi Annan, Archbishop Desmond Tutu and others. Nelson Mandela is an honorary elder, apparently. Presumably he had the good sense not to get directly involved. They are now involved in damage control in the Ivory Coast. We covered them previously here:
These self-appointed Elders – who are supposed to act like a small group of wise people ministering to a world of seven billion people – paid a visit to that small, damaged country and met with the deposed president Laurent Gbagbo. What were they after? Probably the statement that they eventually gave: that Gbagbo now agrees his being deposed was a legal act.