One Sindhi refugee’s story.

A rags-to-riches story

The India Club in Oud Metha on Sunday evening saw the launch of the second edition of his autobiography called Taking the High Road by Indian tycoon Dr Ram Buxani.

Buxani started working in Dubai some five decades ago. Back then he made Dh8 (125 Indian rupees) a month at ITL and today, he is a 50 per cent shareholder in the same group.

In his speech, besides thanking his well-wishers, the 72-year-old Sindhi-speaker talked about the difficulties he faced on his way up.

“Our (UAE) Rulers have a rare art of sailing through difficult times,” Buxani said.

“This decade has brought me on a unique pedestal which I had never dreamt of… Murij Manghnani and I have been associates for 54 years and I am thankful to God, friends and associates for this association,” he said.

“The company itself is completing 60 years this year. I am indeed grateful to Murij Manghnani for his constant guidance and pray that it remains with us for a long time.”

Indian Ambassador M. K. Lokesh was among the guests during the book launch. “The success and contribution of the Indian community in the region must be told as all such stories everywhere in the world,” Lokesh said.

Buxani is chairman of the India Club, Dubai. He was also chairman of Indian High School, Dubai, from 2000 to 2004.

He is also a board member of Al Noor Training Centre for Children with Special Needs in Dubai.

Buxani was generous in his acknowledgement of his family support. He made special mention of his wife Veena, and spoke of the empty-nest syndrome as well: “Living without children at home gives rare sad feelings and realisation as to how a house can be without kids.

When we marry, we often like to have a honeymoon period without anyone around. But after a couple of decades we start liking having everyone around us and that becomes the honeymoon. That’s what we have started missing”.

The proceeds from the sales of the book, priced at Dh90, will go towards Al Noor Training Centre for Children with Special Needs.

Courtesy: Khaleej Times
http://www.khaleejtimes.com/kt-article-display-1.asp?xfile=data/todayevent/2013/June/todayevent_June24.xml&section=todayevent

New gas reserves in Sindh

Pakistan discovers new gas reserves in Sindh

KARACHI: Huge reserves of natural gas have been discovered in Sindh as Pakistan struggles to overcome crippling energy crisis.

According to Geo News report, 39 million cubic feet gas reserves have been discovered during the drilling of wells in Sanghar. The report said 65 percent shares of the project are owned by the PPL. According to initial estimates, 106.8 million cubic feet natural gas would be produced.

70 percent of natural gas reserves in Pakistan are located in Sindh.

Courtesy: The News

http://www.thenews.com.pk/article-105916-Pakistan-discovers-new-gas-reserves-in-Sindh

America Doesn’t Have #1 Richest Middle-Class in the World…We’re Ranked 27th!

Big Lie: America Doesn’t Have #1 Richest Middle-Class in the World…We’re Ranked 27th!

America is the richest country on Earth. We have the most millionaires, the most billionaires—and a increasingly poor “middle class.”

America is the richest country on Earth. We have the most millionaires, the most billionaires and our wealthiest citizens have garnered more of the planet’s riches than any other group in the world. We even have hedge fund managers who make in one hour as much as the average family makes in 21 years!

This opulence is supposed to trickle down to the rest of us, improving the lives of everyday Americans. At least that’s what free-market cheerleaders repeatedly promise us.

Unfortunately, it’s a lie, one of the biggest ever perpetrated on the American people.

Our middle class is falling further and further behind in comparison to the rest of the world. We keep hearing that America is number one. Well, when it comes to middle-class wealth, we’re number 27.

The most telling comparative measurement is median wealth (per adult). It describes the amount of wealth accumulated by the person precisely in the middle of the wealth distribution—50 percent of the adult population has more wealth, while 50 percent has less. You can’t get more middle than that.

Wealth is measured by the total sum of all our assets (homes, bank accounts, stocks, bonds etc.) minus our liabilities (outstanding loans and other debts). It the best indicator we have for individual and family prosperity. While the never-ending accumulation of wealth may be wrecking the planet, wealth also provides basic security, especially in a country like ours with such skimpy social programs. Wealth allows us to survive periods of economic turmoil. Wealth allows our children to go to college without incurring crippling debts, or to get help for the down payment on their first homes. As Billie Holiday sings, “God bless the child that’s got his own.”

Well, it’s a sad song. As the chart below shows, there are 26 other countries with a median wealth higher than ours (and the relative reduction of U.S. median wealth has done nothing to make our economy more sustainable).

Read more » AlterNet
http://www.alternet.org/economy/americas-middle-class-27th-richest