World Politics-Is Osama'death good for the world ?

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Hello friends,I want you to join this political discussion about the latest event in the international scene.Osama bin laden's death though long overdue is expected to create ripples in both the WEST and EAST.Will terrorism in the name of Islam subside or will ther be a backlash reaction.What is the Arab opinion? the American and WEstern world's opinion? and what does the rest of world think,I mean Latin America,Africa,India Asean and China