27 Feb '15, 12am

The cracks in Islamic State’s business plan are starting to show - By Ora Szekely (Reuters)

By Ora Szekely Reuters February 20, 2015 Over the last year, Islamic State has presented the rest of the world with a steady stream of atrocities: An attempted genocide against the Yazidi people in Iraq, massacres and bombings of Shi’ite civilians in Syria, and gruesome executions of journalists and aid workers. Last week the militant group murdered — via mass beheading – 21 Coptic Christian Egyptians in Libya. But despite the bravado of Islamic State’s public statements, the Islamist militant group increasingly appears to have painted itself into a strategic corner. Islamic State’s expansion so far has been based heavily on extortion and theft. Using revenue from the oil wells it captured in eastern Syria in June 2014, along with money raised by looting in Mosul, supplemented by funding from ransoms paid by governments for its hostages, Islamic State was able to hire lots...

Full article: http://blog.limkitsiang.com/2015/02/27/the-cracks-in-isla...

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