Connect with us

Articles

Financial Robbers & Views

Published

on

financial-week-newspaperWall Street’s daylight robbery

Roughly a year after accepting unprecedented financial aid to shore up its operations, Wall Street firm Goldman Sachs Group Inc. posted yet another impressive quarter that further distances itself from rivals, many of which are still struggling to overcome the credit crisis. The strong results — a profit of $3.19 billion, or $5.25 a share, for the three months ended Sept. 25, up from $845 million, or $1.81 a share, a year earlier — were greeted with a barrage of questions about Goldman’s decision to set aside compensation at a breathtaking pace; its 31,700 employees are on track to earn an average of about $700,000 apiece in 2009, a record for the 140-year-old firm. Goldman is not alone in this daylight robbery of US tax payers’ money. Morgan Stanley, Wells Fargo and other US banks have also posted huge profits.
The profits are a result of Obama’s administration handing over US tax payer’s money disguised as bail out packages to the banks. The banks have then taken advantage of record low interest rates to lend out money at higher rates thereby using the difference to generate huge profits. The resulting inequality between bankers pay and poverty stricken citizens is being touted as way of creating prosperity for all. The vice-chairman of Goldman Sachs said, “We have to accept that inequality is a way of achieving greater opportunity and prosperity for all.”

UK Government blackmailing Muslims into spying

A multi-million pound government scheme designed to prevent the radicalization of young British Muslims is being used to gather intelligence about innocent people not suspected of terrorism involvement. The “Preventing Violent Extremism”, also known as Prevent, was launched three years ago as part of the Government’s four “Ps” anti-terror agenda – Prevent, Pursue, Protect and Prepare. But reports have suggested the programme was instead being used to gather intelligence about innocent people who are not suspected of involvement in terrorism. The Institute of Race Relations said the Prevent scheme had been used “to establish one of the most elaborate systems of surveillance ever seen in Britain”. Some involved in the programme told the Guardian of their fears that they are being co-opted into spying. Several sources involved in the programme reportedly said it gathered intelligence about the thoughts and beliefs of Muslims who were not involved in criminal activity. Among the topics asked included gathering information about the sexual, religious and political views of innocent people as well as information about their mental health.

Resetting US Iranian relations: Tehran mulls uranium export plan

This week the BBC reported that Iran and three world powers have been handed a draft agreement aimed at reducing international concerns over Tehran ’s nuclear programme. Details are yet to be confirmed, but the plan is believed to involve Iran exporting uranium to be enriched in France and Russia . Iran ’s chief negotiator has not commented on the uranium export plan. The negotiations have involved the UN, Iran , France , Russia and the US . IAEA director Mohamed ElBaradei told reporters in Vienna that he was feeling “optimistic” after the talks, which he said had been “very constructive”. “Everybody at the meeting was trying to help, trying to look to the future and not to the past, trying to heal the wounds that existed for many years,” he said. “I have circulated a draft agreement that in my judgment reflects a balanced approach to how to move forward.”

US Secretary of State Hillary Clinton urged Iran to act quickly, and said her country would continue “to discuss the full range of issues that have divided Iran and the United States for too long”. She added: “The door is open to a better future for Iran, but the process of engagement cannot be open-ended. We are not prepared to talk just for the sake of talking.” France said the plan was acceptable and would benefit Paris and its partners.

America aims to fix the results of the Afghan election

The United States would be receptive to a power-sharing arrangement between Afghan President Hamid Karzai and his election challenger if they agreed to it, Obama administration officials said Wednesday. Karzai and former Foreign Minister Abdullah Abdullah have settled on a Nov. 7 runoff following weeks of US pressure on Karzai. Now both Karzai and Abdullah are considering a coalition government that could either replace the runoff or follow it. A State Department official said the U.S. would not be opposed to a power-sharing deal, depending on its legitimacy and how it was implemented. The Obama administration is stressing that any such agreement is up to the Afghan government and the U.S. is not involved in any effort to forge or encourage it.

The U.S. wants a government that is legitimate in the eyes of Afghans and the international community, officials say, and at present that legitimacy appears clearest through the Afghan Constitution’s requirement for a run-off vote. Sen. John Kerry, D-Mass., met repeatedly with Karzai leading up to Tuesday’s announcement that a runoff would be held. Kerry gave Obama his accounting at the White House on Wednesday, and afterward told reporters that in Afghanistan he “did not discuss nor did I even attempt to put on the table the concept of a coalition.” But despite his public denial Kerry acknowledged the issue was being discussed in Kabul , and said there may have been talks between the Karzai and Abdullah camps on it “even today.”

Pakistani parliament formally legitimizes American tyranny over Pakistan

The federal cabinet formally accepted on Wednesday the Kerry-Lugar Bill (Enhanced Partnership Act with Pakistan Bill of 2009). Briefing the media after a cabinet meeting, Information Minister Qamaruz Zaman Kaira said there were no differences of opinions about accepting the assistance under a law which applied to the American executive. However, no sooner had Pakistan formally approved the Kerry-Lugar Bill the US Congress was looking at further ways to undermine Pakistan’s eroded sovereignty by setting out fresh conditions for military aid to Pakistan. The new limits include efforts to track where US military hardware sent to Pakistan ends up, as well as a warning that US aid to Pakistan must not upset “the balance of power in the region” – a reference to tensions with India . The limits are in a $680 billion US Defense Department spending measure for 2010 that the Senate will take up after the bill cleared the House of Representatives in a 281-146 vote on October 8.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Articles

Hazrat ali رضی-اللہ-تعالٰی-عنہ intellectualism

2012/08/hazrat-ali-رضی-اللہ-تعالٰی-عنہ-intellectualism/

Published

on

By

Hazrat Ali, also known as Imam Ali, was a prominent figure in Islamic history, known for his wisdom, intellectual prowess, and contributions to various fields. His intellectualism is often revered and celebrated among Muslims and scholars alike. Here are some aspects of Hazrat Ali’s intellectualism:

  1. Knowledge and Education: Hazrat Ali was raised in the household of Prophet Muhammad (PBUH), where he had the opportunity to acquire knowledge directly from the Prophet. He was known for his exceptional memory and deep understanding of the Quran and Hadith (sayings and actions of the Prophet). His commitment to learning is evident in various narrations where he emphasizes the importance of acquiring knowledge.
  2. Philosophical Wisdom: Hazrat Ali is renowned for his profound philosophical insights. His sermons and letters contain valuable teachings on ethics, morality, justice, and the nature of human existence. His intellectual contributions to Islamic philosophy have had a lasting impact, and his sayings are often quoted for guidance on leading a righteous life.
  3. Legal and Judicial Acumen: Hazrat Ali served as the fourth Caliph of Islam and played a crucial role in the development of Islamic jurisprudence. His judgments and legal decisions are considered exemplary, reflecting a deep understanding of Islamic law (Sharia). His collection of legal pronouncements, known as the Nahj al-Balagha (Peak of Eloquence), is considered a masterpiece of Arabic literature and a source of guidance for Muslims.
  4. Political Wisdom: As a leader, Hazrat Ali faced complex political challenges. His governance was marked by a commitment to justice, equality, and the welfare of the people. His letters and speeches provide insights into the principles of just governance and the responsibilities of a leader towards the well-being of the community.
  5. Spiritual and Mystical Insights: Hazrat Ali was not only a political and intellectual figure but also a deeply spiritual one. His mystical insights and devotion to God are evident in his prayers and supplications. His teachings on self-discipline, piety, and the pursuit of spiritual knowledge continue to inspire Muslims seeking a deeper understanding of their faith.

In summary, Hazrat Ali’s intellectualism is multifaceted, encompassing religious knowledge, philosophy, law, politics, and spirituality. His contributions have left a lasting legacy, and his teachings continue to be a source of inspiration for those seeking intellectual and moral guidance within the Islamic tradition.

Hazrat Ali, known for his wisdom and eloquence, has left behind a treasure trove of insightful quotes that cover various aspects of life, spirituality, justice, and morality. Here are some authentic quotes attributed to Hazrat Ali:

  1. “Silence is the best reply to a fool.”
  2. “Your remedy is within you, but you do not sense it. Your sickness is from you, but you do not perceive it.”
  3. “Patience is of two kinds: patience over what pains you, and patience against what you covet.”
  4. “He who has a thousand friends has not a friend to spare, and he who has one enemy will meet him everywhere.”
  5. “A fool’s mind is at the mercy of his tongue and a wise man’s tongue is under the control of his mind.”
  6. “Knowledge enlivens the soul.”
  7. “He who has a thousand friends has not a friend to spare, and he who has one enemy will meet him everywhere.”
  8. “The disease of the heart is worse than the disease of the body.”
  9. “He who has a thousand friends has not a friend to spare, and he who has one enemy will meet him everywhere.”
  10. “People are slaves to this world, and as long as they live favorable circumstances, they are loyal to religious principles.”
  11. “Your remedy is within you, but you do not sense it. Your sickness is from you, but you do not perceive it.”
  12. “The tongue is like a lion. If you let it loose, it will wound someone.”
  13. “Live amongst people in such a manner that if you die, they weep over you, and if you are alive, they crave for your company.”
  14. “He who does not have forbearance, has nothing.”
  15. “He who has a thousand friends has not a friend to spare, and he who has one enemy will meet him everywhere.”

These quotes reflect Hazrat Ali’s deep insights into human nature, morality, and the principles of righteous living. His words continue to resonate with people seeking guidance and wisdom.

Continue Reading

Articles

2011 Tōhoku Earthquake and Tsunami Post-Scenario in Japan

Published

on

Japan, on Friday 11th March, 2011 has experienced the worst ever earthquake disaster in its modern history. It was followed by a deadly tsunami leading to massive destruction in the northern part of the country. The earthquake was caused by a 9.0-magnitudeundersea megathrust earthquake off the coast of Japan . The epicenter was approximately 72 km east of the Oshika Peninsula of Tōhoku, with the hypocenter at an underwater depth of approximately 32 km. On 1 April 2011, the Japanese government officially named this disaster resulting from the earthquake and tsunami as the “Great Eastern Japan Earthquake” with the duration of almost 6 minutes. It’s the fifth biggest earthquake ever recorded. It’s certainly the biggest to hit Japan for at least 140 years. The earthquake moved largest island of Japan, Honshu to 2.4 m (7.9 ft) east and shifted the Earth on its axis by almost 10 cm (3.9 in).

The earthquake triggered extremely destructive tsunami waves of up to 37.9 metres that struck Japan minutes after the quake. .Tsunami warnings were issued and evacuations ordered along Japan’s Pacific coast and at least 20 other countries, including the entire Pacific coast of the Americas soon after it hit Japan. The earthquake and tsunami caused extensive and severe life and structural damage in Japan, approximately 12,175 deaths, 2,858 injured and 15, 48 missing people have been confirmed. Many electrical generators were taken down, and at least three nuclear reactors suffered explosions after cooling system failure which resulted in build up of hydrogen gas within their outer containment buildings. Almost eleven nuclear reactors at The Fukushima I, Fukushima II, Onagawa Nuclear Power Plant and were automatically shut down following the earthquake.

At Fukushima I and II tsunami waves overtopped seawalls and destroyed diesel backup power systems, leading to two large explosions and radioactive leakage at Fukushima I. Japanese Nuclear and Industrial Safety Agency reported that radiation levels inside the plant were up to 1,000 times normal levels and that radiation levels outside the plant were up to 8 times normal levels. A state of emergency was declared at the Fukushima II nuclear power plant. Soil has been badly contaminated and radioactive cesium and iodine have also been detected in some places near Fukushima. Food products have also been contaminated by the radioactive matter in several places near the plants. The Fujinuma irrigation dam in Sukagawa ruptured, causing flooding and washing away of homes. The north-eastern ports of Hachinohe, Sendai, Ishinomaki and Onahama were destroyed, while Chiba port (which serves the hydrocarbon industry) and Japan’s ninth-largest container port at Kashima have been slightly affected. Japan’s transport and communication networks have suffered severe disruptions. Cosmo Oil Company JX Nippon Oil & Energy, were also set ablaze by the quake. The earthquake has changed the entire picture of Japan into a wrecked, naturally disastrous and a causality afflicted country.

The aftermath of the earthquake and tsunami included both a humanitarian crisis and a major social and economic impact. The tsunami resulted in over 300,000 refugees in the Tōhoku region, and shortages of food, water, shelter, medicine and fuel for survivors. In response the Japanese government mobilized the Self-Defence Forces; it has specifically requested teams from Australia, New Zealand, South Korea, United Kingdom, and United States for search and rescue operations. China has offered roughly $150,000 in aid to Japan for recovery and also sent its rescue team which is a positive step in improvement of relations between the two countries. According to Japan’s foreign ministry, 116 countries and 28 international organizations had offered assistance in the form of rescue teams, aid shipments and financial help to Japan.

The Japanese Prime Minister had immediately set up an emergency task force to respond to the disaster. Rescue and Relief operations were started. Post-disaster measures and disaster management teams were introduced. Aid organizations both in Japan and worldwide have responded, with the Japanese Red Cross reporting $490 million in donations. Russia had also send a special radiation treatment vessel to help dispose of contaminated water from a Japanese nuclear power plant crippled by this massive earthquake and tsunami on Japanese demand. The US troops almost 40,000 military personnel had been stationed across the country who played key role in the post tsunami clean up.

The drastic economic impact included both immediate problems, with industrial production suspended in many factories, and the longer term issue of the cost of rebuilding which had been estimated at ¥10 trillion ($122 billion). Early estimates placed insured losses from the earthquake alone at US$14.5 to $34.6 billion. Japan’s government said the cost of the earthquake and tsunami that devastated the northeast could reach $309 billion, making it the world’s most expensive natural disaster on record. The Bank of Japan offered ¥15 trillion (US$183 billion) to the banking system in an effort to normalize market conditions and to uplift the economic losses.

Even after almost a month now the economic and social situation is worst there. The country is still under slow process of recovery to get out of this natural calamity. Japan’s traditional pride in self-reliance doesn’t adapt easily to accepting foreign aid and help. It needs shrewd strategy to deal with the constructive use of foreign aid and physical assistance in order to speed up its recovery measures. To bring Japan back to its prior condition, this time and patience taking huge catastrophe, requires a gradual rehabilitation and reconstruction process. Although full recovery or pre-2011 Tōhoku Earthquake and Tsunami situation is not possible still hopes are high seeing Japan to be back to its normal routine life once again and to carry on with its status of being an “Asian Tiger”, the third largest economy and being among the most developed nations of the world even in the post-2011 Tōhoku Earthquake and Tsunami scenario.

AYMEN IJAZ
ISLAMABAD

Continue Reading

Articles

The Real Outcome of the Recent Pak-US Official Visits

Published

on

Obama & Zardari

US vice President, Joseph Biden recent visit to Pakistan was a matter of great concern for the entire nation, media and our US-led government, which is strongly believed to be acting like a puppet in US hands after its failure to resolve the issue of military insurgency and continuous drone attacks in the tribal areas of Pakistan. It was a shrewd and tactful move on the part of the USA as the trust deficit between Pak-US relations continues to increase after the Indo-US nuclear deal, Obama’s visit to India and his endorsing India to become a permanent member of Security Council. Infact all these policies point directly towards its deep-rooted strategic interests and inclination towards India. The simple logic or reason behind all this is America’s fear of China and security threat from Pakistan. In the upcoming years it is not likely to be Iraq or Afghanistan. It’s Pakistan who can possibly become a safe haven for the terrorists and its previous Pro Taliban policy still haunts the Americans. USA alleges Pakistan’s ISI being supportive to these extremist elements and considers its nuclear arsenals being unsafe. Out of this fear, Biden has announced in his few days back visit to Afghanistan that USA forces would continue to stay and expected gradual withdrawal, starting this summer of US troops, can be postponed if Afghanistan wants, in order to prevent civil war and to fully eliminate the terrorists from its land.

America’s security depends greatly on Pakistan so it is bound to establish good ties with Pakistan and this surprise visit was another goodwill gesture out of courtesy and more likely out of its own self interest. In his visit, Joe Biden tried to clarify the misconceptions that prevail in Pakistan about US intentions and actions. He appreciated Pakistan’s fight against terrorism and reiterated US support to democracy in Pakistan and its stability. Biden assured that the new US administration would support Pakistan’s efforts to counter terrorism, religious radicalism and to meet its developmental needs and capacity building. He also expressed his condolence over assassination of Governor Salman Taseer. He assured Pakistan that no US boot will tread on Pakistani soil and there will be no violation of Pakistan’s sovereignty and territorial integrity,”

Our President Asif Ali Zardari recently also visited USA to attend the memorial services of Pak-Afghan envoy Richard Holbrook. There was no ceremonial welcome, no state banquet, and no joint presser, not even an opening statement on his arrival. No one is really quite sure what Zardari had hoped to accomplish, by meeting the US President and the state secretary Hillary Clinton as the two countries are battling an enormous trust deficit despite public protestations of cooperation in combating terrorism. The two leaders renewed pledges of cooperation over the aspects of the US-Pakistan strategic partnership, including mutual commitment to economic reform, support for good governance, democracy and joint efforts against terrorism. The discussion focused on shared efforts to fight terrorism, resolve the issue of blasphemy law and to promote regional stability, specifically on the importance of cooperating towards a peaceful and stable outcome in Afghanistan. However, Washington is not ready to pay any heed over the Kashmir issue and the real outcome of these two visits seems quite bleak for Pakistan, giving us neither new hopes for betterment nor any positive prospects for the future.

The years of US policies toward Pakistan based on financial allurements and conventional weaponry have done little to induce any change. Despite all these assurances, Pakistani nation is now skeptical of US motives having bad experiences in the past like drone strikes on Pakistani border areas, failure of Kerry Lugar bill and inadequate US material and financial aid for the war on terror and in crucial times of floods. These two visits are another deceptive picture by USA to allure Pakistan towards itself, after foreseeing Pakistan’s growing diplomatic and economic cooperation with China in December. No matter how much USA assures Pakistan of its staunch support, the atmosphere of misperceptions and doubts continue to hail around the country and America can never win the hearts and minds of Pakistani people through its fake assurances, callous policies and political/ military tactics as the two sides have a long way to go to overcome their significant differences. As it is well said that assurance cannot be bought but achieved only through mutual trust, cooperation and it requires time and experience.

AYMEN IJAZ
ISLAMABAD

Continue Reading

Trending

Copyright © 2021 Jagonews.