Category Archives: Economy

PAKISTAN IS A SLEEPING ECONOMIC GIANT THAT’S READY TO WAKE UP! – An Australian’s REBUTTAL to TIME Magazine’s story on Karachi, Sindh

By Tony Lazaro

The Editor, Time Magazine

Dear Editor,

I recently returned from a charitable trip to Pakistan, whereby I visited both Karachi and Islamabad. I spoke with several universities, key businesses, prominent business leaders and several religious people from all generations…

On the day I returned to the office, someone had placed your magazine (January 16, 2012), on my desk. I read with interest your article on Karachi and the city in doom. For a person to have just returned from the very same place that your magazine described was somewhat bizarre, so I read with great detail your writer (Andrew Marshall’s) account.

Let me begin by saying that I often flick through your magazine and find the articles of great interest, but on this particular day and this particular article, I found certain comments to be both one sided and indeed very negative. I say that because I saw a different Pakistan to what was portrayed in your article. I do not and will not comment on the political or religious problems that the country faces, but I will go so far as to say that not everything is as bad as the image that your magazine paints.

Sure there are deaths in the cities. Please show me a city in the world, that is free from political fighting and unrest. Sure there are differences in the political party opinions. Please show me a country in the world where the political parties agree. Sure the innocent are suffering. Please show me a country in the world where wealth and power is equal and the innocent don’t suffer. Sure corruption is in Pakistan. Please show me a country in the world that is corruption free.

My list could go on, but my point is that Pakistan does have problems…but so does every other country in the world in some way or another. However, in the case of ALL other nations, there are often good things to report and the media goes out of its way to promote these good things across the globe, whenever possible. The ridiculous amount of shootings in the USA are balanced off by the success of Google, Microsoft and Apple. The financial dilemmas of Greece are lost in the marketing of the Greek Islands as a holiday destination of choice. The child slave industry of India, is brushed under the carpet in favour of the nation’s growth in the global software boom. What I am trying to say, is that someone needs to look further into Pakistan and see that there are millions of great stories to write about, which would portray the country in a different light, to that what is being portrayed by your article.

When I was in Pakistan, I visited a towel manufacturing company (Alkaram Towels). They produced some $60million in export in 2011 and are aiming at $85million in 2012. A substantial increase in sales…in a recession I would remind you. The company was started by the current Chairman, Mr. Mehtab Chawla, at the tender age of nine, after his father passed away. Today the very man employs 3000 staff. Now that’s a story.

I visited universities of NED, Hamdard, Karachi, Szabist and NUST. The students are unbelievably intelligent. They spend their spare time developing APPS for android and apple. They are involved in cutting edge technology and no one in the world knows this. Why not send a reporter to Pakistan to look into this. Why not research good things in this nation, rather than just the bad things. At NUST (National Institution for Science and Technology – Islamabad)) there were 38,000 applications for medicine. There are only 83 seats for the medicine course on offer. The competition is unbelievable. In short it pushes the best to be even better. But the world doesn’t know this. Why ? Because no one wants to report on it, or no one knows about it…or both !!

Continue reading PAKISTAN IS A SLEEPING ECONOMIC GIANT THAT’S READY TO WAKE UP! – An Australian’s REBUTTAL to TIME Magazine’s story on Karachi, Sindh

A four-day week for the good of the country?

Should people be off on Fridays?

By Vanessa Barford

The Gambia has shortened the work week, making Friday a day of rest. Is this the perfect pattern for a working week?

In the tiny African nation of The Gambia, public sector workers will now clock in at 8am and clock out at 6pm, Monday to Thursday. They’ll still do a 40-hour week but have the luxury of Friday off.

President Jammeh wants the extra rest day to “allow Gambians to devote more time to prayers, social activities and agriculture”.

In the dark days of the 19th Century, many workers in industrialised nations considered themselves lucky if they got Sunday off. The achievement of a 40-hour week with Saturday and Sunday off for many was a major landmark for the labour movement.

But some have tried to go further. In 2008, about 17,000 government officials in the US state of Utah started working four 10-hour days in a bid to cut costs. ….

Read more » BBC
http://www.bbc.co.uk/news/magazine-21242782

China Industrial Companies’ Profits Climb a Fourth Month

By Bloomberg News

Chinese industrial companies’ profits rose for a fourth month in December, adding to signs the country’s economic rebound is gaining momentum.

Net income increased 17.3 percent from a year earlier to 895 billion yuan ($144 billion), the National Bureau of Statistics said today in Beijing, after a 22.8 percent jump in November. Earnings for the full year gained 5.3 percent.

Industrial profits may rise by an average 30 percent this year as the world’s second-biggest economy recovers from a seven-quarter slowdown, businesses start restocking and export demand improves, Standard Chartered Plc forecasts. Expansion in gross domestic product may accelerate to 8.1 percent this year from 7.8 percent in 2012, according to the median of 44 analyst estimates in a Bloomberg News survey this month. …

Read more » Bloomberg
http://www.bloomberg.com/news/2013-01-27/china-industrial-companies-profits-climb-a-fourth-month.html

Canadians not as confident about Harper in 2013

Heading into 2013, Canadians are confident about the economy, less confident about Harper

By Andy Radia

Despite all the news about the Americans going over the ‘fiscal cliff‘ next week, Canadians are still confident about our economy heading into the new year.

Continue reading Canadians not as confident about Harper in 2013

The Costs of Capitalism’s Crisis: Who Will Pay?

Economics Professor Richard Wolff details the problems of capitalism and urges our recognizing its obsolescence and replacing it with institutions that truly serve the people.

Talk at Church of All Souls in New York City, January 24, 2012. Camera, audio: Joe Friendly.

Read more » YouTube

U.K. recession linked to suicides

U.K. recession linked to 1,000 suicides in new study

By: Kate Kelland, Reuters

LONDON- A painful British economic recession and rising unemployment may have driven more than 1,000 people in England to commit suicide, according to a scientific study published on Wednesday.

The study, a so-called time-trend analysis which compared the actual number of suicides with those expected if pre-recession trends had continued, reflects findings elsewhere in Europe where suicides are also on the rise. …

Read more » thestar.com

Dinaar-Dirham conference in Lahore, Pakistan – Shariah currency (aka gold dinaars)

Shaykh Umar Vadillo’s Speech In The Islamic Economic System Conference In Lahore.

Destined for victory

By: Syed Hafiz

Despite the sweltering heat and an asthmatic aircon in the hall, at 1600 hours, drenched in sweat, the people were waiting for a person that the american congress deemed to be more dangerous than usama bin laden. Lahore’s Aiwan e Iqbal hall had never been so packed.

From Gilgit in the extreme north to Rahim yar khan in the middle, from Quetta in the west to Karachi in the southern coast ; people had gathered from all over the country to participate in this Dinar / Dirham conference. They all had the same thing to say : if its Allah and Prophet’s (pbuh) war against interest, then we are with Allah and Prophet.

Even in this stifling heat and sweat, the people’s patience was commendable. They were waiting for a person from that city, from where Muslims were expelled by the Chrisitan community.

They city that was the cultural center in Europe, and from where the sunshine of civilization illuminated the whole world – Qartaba  (Cordova, southern Spain) . The hall’s name is Aiwan e Iqbal, the great sufi poet Iqbal, and the speaker was standing in front of the picture of Iqbal on the wall. that Iqbal who imprisoned himself in the mosque of Cordoba, just to pray 2 rak’aat prayers.

Omar Ibrahim Vadilo who belonged to a strict Christian family, and who was trained to be a priest. He became the first European Muslim of the city of Cordoba. When he became a Muslim, there was no mosque in Cordoba, but now there are 4 mosques there.

He is the front man of the army of Allah, who has begun the mission to eradicate paper notes : the foundation of ‘interest’ from the world, and bring back the silver Dinar and Gold Coins system from the days of the Prophet(pbuh).

The weight and size of the coins have been kept the same as that standardized by Hazrat Umar (ra) . This enthusiastic crowd was eagerly listening to Omar Vadilo.

After starting with the name of Allah he said :

This secret is known to all the Western world that Capitalism has failed, it only remains to be officially announced. A majority in the US and Europe considers paper notes, Dollar and Pound to be a fraud.

Continue reading Dinaar-Dirham conference in Lahore, Pakistan – Shariah currency (aka gold dinaars)

Alarm bells in the U.S.

Alarms are ringing as negative trends come together in a perfect storm. Is the United States sleepwalking into economic and geopolitical decline?

By ARNAUD DE BORCHGRAVE, UPI Editor at Large

WASHINGTON, May 29 (UPI) — Gen. David Richards, the British chief of staff, in the understatement of the week, says the strategic landscape is “worrying” and the outlook “bleak.”

The United States as the world’s strongest geopolitical player has become ungovernable, saddled with a dysfunctional Congress. House and Senate together, with 535 members, maintain 250 committees and subcommittees and micromanage muscular government decisions into unworkable policy directives.

No fewer than 108 committees have oversight jurisdiction on Homeland Security.

The latest book of Edward Luce, the Financial Times’ chief U.S. commentator, and former FT Washington bureau chief (2006-11), is titled, “Time to Start Thinking: America in the Age of Descent.”

America, he says, is sleepwalking into economic and geopolitical decline.

Read more: http://www.upi.com/Top_News/Analysis/de-Borchgrave/2012/05/29/Commentary-Alarm-bells-in-the-US/UPI-42381338299783/#ixzz1wIdSUlVl

What happens when organized crime takes office? The rise of the mafia states

Mafia States – Organized Crime Takes Office

By Moisés Naím

The Rise of the Mezzanine Rulers

Michael Crawford and Jami Miscik

Governments across the Middle East and South Asia are increasingly losing power to substate actors that are inserting themselves at a mezzanine level of rule between the government and the people. Western policymakers must address the problem systematically, at both a political and a legal level, rather than continue to pursue reactive and disjointed measures on a case-by-case basis.

Continue reading What happens when organized crime takes office? The rise of the mafia states

‘Festive, Righteous Anger’: Occupy Makes May-Day Comeback With Massive Demonstrations

By Sarah Jaffe and Anna Lekas Miller and Sarah Seltzer and Julianne Escobedo Shepherd and Alex Kane and Joshua Holland

Yesterday, Occupy recaptured the public’s attention with rallies, marches, parties, and yes, arrests all over the country.

All over the world, May 1 is celebrated as International Workers’ Day. Yesterday, May Day also marked the reemergence of the Occupy movement, with events in cities all over America. AlterNet’s reporters were in the field — here are their dispatches from New York and the Bay Area …

Read more » AlterNet

Pakistan’s tax-GDP ratio is at the same level as Ethiopia and Afghanistan – Shahid Kardar

Tax reform agenda for next government

By Shahid Kardar

Pakistan has one of the lowest tax to GDP ratios and, even considering developing countries alone, it is in the bottom ranked nations in terms of the proportion of population registered as taxpayers – less than 5 percent. of household population. There is rampant tax evasion, partly with the collusion of the official machinery. Whereas 3.1 million people have the National tax Number, a mere 1.2 million filed an income tax return in 2010/11. What is even more startling is that of 47,800 companies that have NTNs, less than 16,800 filed an income tax return against 400,000 industrial electricity connections.

As admitted by FBR, there is a tax gap of 79 percent. (the difference between potential revenues under the existing system and that actually collected). Revenues can be raised through broadening of bases, improving the equity of the tax regime, incentivising documentation, checking evasion by embracing a zero-tolerance policy, checking harassment of, or collusion with, taxpayers by simplifying tax returns and making FBR a faceless bureaucracy, with interaction between taxpayers and tax officials limited through greater reliance on automated computerised systems.

The general tax reforms would include taxation of all incomes of same levels equally irrespective of source, with a swift reversal of the travesty of the recent amnesty granted to trading in shares. There is also need for legislation that will render all Benami Transactions illegal and subjecting all cabinet members, who should all be taxpayers, to detailed tax scrutiny throughout period of office, and they should all be taxpayers. The tax returns and Wealth Statements of all parliamentarians and holders of key public offices and their spouses (including Secretaries, Chief Justices, Chief of Army Staff, Governor State Bank, Auditor and Attorney Generals) should be public during period of office and one year thereafter. Finally, following good results of tax mobilisation initiatives, individual and corporate income tax rates and the GST rate could be lowered under a phased programme.

 

The specific reforms under different tax heads would be the following: For Income Tax: Greater dependence needs to be placed on technology and through that on the CNIC for tracking commercial transactions to identify potential tax evasion/evaders, including movements in bank accounts of large deposit holders. The FBR should periodically reconcile the property tax registers of all provincial governments, names of credit card holders and members of private clubs with those allotted National Tax Numbers, for the system to generate notices to non-filers. All presumptive taxes should be replaced by withholding taxes (which presently contribute 60 percent. of income tax revenues). And the rates of all withholding taxes should be increased by at least two percentage points as a revenue enhancing measure, to incentivise documentation and penalise those trying to avoid capture in the tax net. ….

Read more » The News

Pakistan confirms China has “no more interest” in funding project to build a gas pipeline from Iran to Pakistan

Pakistan Confirms China Pullout From Pipeline Project, Eyes Other Options

By RFE/RL’s Radio Mashaal

ISLAMABAD — Pakistan says the Industrial and Commercial Bank of China has “no more interest” in funding a project to build a natural-gas pipeline from Iran to Pakistan.

A Pakistani Finance Ministry spokesman said on March 14 that the Chinese institution had been negotiating with Pakistan’s Habib Bank over financing for the Pakistani section of the pipeline. He added that he did not know why the Chinese bank had pulled out of the deal. …

Read more » RFE/RL

Demands of Canadians – Raise Corporate Taxes, Create Jobs, Raise Wages and Living Standards! Curb Corporate Power!

Raise Corporate Taxes, Create Jobs, Raise Wages and Living Standards! Curb Corporate Power!

The CPC (Ontario) has condemned the Ontario Budget, delivered yesterday, as a massive attack on working people and the poor that will destroy tens of thousands of jobs, drive down wages, pensions, incomes and living standards, and which, combined with the austerity measures in Thursday’s federal budget, could push the province into another deep economic recession.

The Executive Committee of the CPC (Ontario) also warned that the threat of legislated wage controls is a dangerous attack on free collective bargaining and on civil and democratic rights.

Continue reading Demands of Canadians – Raise Corporate Taxes, Create Jobs, Raise Wages and Living Standards! Curb Corporate Power!

Boston – People’s Parade for Peace, Equality, Jobs, Social & Economic Justice

St. Patrick’s Peace Parade, When: Sunday, March 18, 2012, 1:00 pm to 4:30 pm. Where: assemble on D Street between 1st and 3rd Street • Broadway MBTA stop • South Boston

Please join Veterans For Peace and other Peace and social / economic Justice organizations for this historic 2nd Annual “People’s Peace Parade” in South Boston.

Themes for the Day:

How is the War Economy Working for You

Bring the Troops Home and Take Care of Them When They Get Here

Cut Military Spending, Save Jobs, Teachers, Fireman & Police

Peace Is Patriotic! Not a Dirty Word

No War on Iran

Last year, Veterans For Peace were denied permission to walk in South Boston’s traditional St. Patrick’s Day Parade. The stated reason given by the Allied War Veterans Council was that the organizers “did not want the word peace associated with the word veteran”. ….

Read more » United for Justice with Peace (UJP)

WHY BHANBHORE NEGLECTED BY SINDH GOVERNMENT

By Dr Ali Akbar Dhakan, Sindh

On 1st Aug 2010, my friend and his younger brother a USA California citizen visited Bhambhore for sight seeing and knowing the culture and civilization of old Sindh prevalent before the conquer by the army under the Arab conqueror Muhammad Bin Qasim in 712 AC.We first purchased three Tickets or entry slips for Rs 10 each and then met the In charge Deputy Director of this project. He was nice man who provided and guided us well and then asked his two staff members to help and provide us full guidance and knowledge on the whole site of the Bhanbhore area.The site is situated on the northern Bank of the Gharo about 60 Kms east of Karachi on the Indus highway to Thatto.In March 1958, the site was excavated and continued yearly for about four months each winter for a number of years till a complete picture of the site of the ancient settlement revealed in 1965.The site conceals the remains of a settlement of considerable size. It is divided into two parts viz a well-fortified citadel area measuring over 2000 feet from east to west and 1200 feet from north to south and another unwalled city extending over a large area on the north and east round an ancient lake including an industrial area and an ancient graveyard on its outskirts. It is on the mouth of old channel of mighty Indus, the site is ideally situated to have been an inland port of some importance. Some archaeological Scholars and historians have suggested its identification with DEBAL, the famous port which fell to the Arab worrior providing it after success of Muslim army as the gate way to Islam for the whole Pakistan and India sub-continent and then spread towards all the eastern and far eastern countries. We were astonished to observe that no attention has been given by the Governments of Pakistan and Sindh to convert this area as sight seeing and make it an abode and frequent visits of foreigners so that by their visits, our country and Sindh Government earn a huge amount of foreign exchange and other services.Their is need of new residential and industrial areas for increasing the employment of local unemployed people. Secondly, a good number of hotels and restaurants may be built up so that visitors can get lodging and boarding facilities etc.

Catch me if you can – Pakistan’s army the best business corporation

Pakistan’s answer to the iPad is the PACPAD

By CHRIS BRUMMITT

Catch me if you can … Mohammad Imran holds a locally-made PACPad computer tablet at his electronics store in Rawalpindi, Pakistan.

Inside a high-security air force complex that builds jet fighters and weapons systems, Pakistan’s military is working on the latest addition to its sprawling commercial empire: a homegrown version of the iPad.

It’s a venture that bundles together Pakistani engineering and Chinese hardware, and shines a light on the military’s controversial foothold in the consumer market. Supporters say it will boost the economy as well as a troubled nation’s self-esteem.

It all comes together at an air force base in Kamra in northern Pakistan, where avionics engineers – when they’re not working on defense projects – assemble the PACPAD 1.

“The original is the iPad, the copy is the PACPAD,” said Mohammad Imran, who stocks the product at his small computer and mobile phone shop in a mall in Rawalpindi, a city not far from Kamra and the home of the Pakistani army.

The device runs on Android 2.3, an operating system made by Google and given away for free. At around $US200, it’s less than half the price of Apple or Samsung devices and cheaper than other low-end Chinese tablets on the market, with the bonus of a local, one-year guarantee.

The PAC in the name stands for the Pakistan Aeronautical Complex, where it is made. The PAC also makes an e-reader and small laptop.

Read more: http://www.smh.com.au/digital-life/tablets/pakistans-answer-to-the-ipad-is-the-pacpad-20120220-1tk59.html#ixzz1n7Mx84Bb

We’re killing education

By Dr Javaid R Laghari

Excerpt;

…. Pakistan must invest foremost in education with renewed vigour. The lower education must focus on improving quality, while the HEC must be supported to raise Pakistan’s knowledge workers’ level to world standards. Any other direction will be suicidal for Pakistan’s education.

The writer is chairman of Pakistan’s Higher Education Commission. Email: jlaghari@hec. gov.pk

To read complete article » The News

Impact of OWS

– Finally, Higher Taxes for the 1% — Is Occupy Behind Governors’ Moves to Make the Wealthy Pay Their Share?

By Sarah Jaffe

Is the narrative around taxes finally shifting? Thanks to heavy public pressure, Governors Cuomo and Brown propose taxing their states’ ultrarich. …

Read more » AlterNet

It’s not a Recession, it’s a corporate Robbery – New spirit across the world

– Laurie Penny: Across the world, a new spirit took hold – power was taken back by the people

More than city squares are being occupied. What is being reoccupied is a sense of collective possibility

Something enormous happened on Saturday night. In over a thousand towns and cities around the world, people from all walks of life took to the streets and occupied the squares in an international “day of action” against austerity and corporate greed. In Madrid, I watched 60,000 stamp and cheer in Puerta del Sol as protesters took over a nearby building and dropped a banner reading “Somos El 99%” (“we are the 99 per cent”), a slogan from the Occupy Wall Street movement which has become a mantra for new global resistance.

As thousands streamed into the main square of the Spanish capital, a projector was showing hundreds facing down police to camp outside the London Stock Exchange. Protest, like profit, has become globalised.

The fact that politicians and pundits are asking what all these people want can be considered a victory for the “occupy everywhere” movement. It’s not a question many in public life have seemed much concerned with in the past decade.

What commentators fail to understand is that occupation is itself a demand. It’s a new, practical politics for those disillusioned with representative democracy, which demonstrators claim is a private club run by the rich, for the rich.

The recolonisation of public space, the forming of alternative communities based on direct democracy where people can meet and realise a common struggle, is an act of defiance with its own solution to the alienation and frustrations of life under capitalism. Those who attend occupations with individual grievances stay because they want to belong to a community built on mutual aid and shared values.

As political ambitions go, “occupy everywhere” is hardly modest. It is fitting that the most notable showdown of Saturday night took place in New York’s Times Square, where thousands of peaceful protesters clashed with mounted police under the glow of giant electric billboards in this temple to corporate power.

What is being occupied is far more than a few public squares for a few weeks. What’s being reoccupied is the collective political imagination, and a sense of collective possibility – beyond nationalism, beyond left and right – as millions of people lose faith in mainstream politics.

Power is not being petitioned here – it’s being reinvented. That’s what makes “occupy everywhere” so fascinating and also so exciting.

Courtesy » independent.co.uk

Occupy Wall Street: A Firsthand Account of Arrests and Protester Portraits

– More from Occupy Wall Street: A Firsthand Account of Arrests and Protester Portraits

The Occupy Wall Street protests continue, and there are some great pieces circulating on the web today. First and most important is this Tumblr post, “the girl with the red hair,” from a young protester named Kelly Schomburg who was maced and arrested–and whose treatment at the hands of the NYPD was on a video that went viral. ….

Read more » AlterNet

Clinton: U.S. must put economics at center of foreign policy

By CNN Foreign Affairs Correspondent Jill Dougherty

(CNN) — The United States must position itself to lead in a world “where security is shaped in boardrooms and on trading floors — as well as on battlefields,” U.S. Secretary of State Hillary Clinton will say Friday in a major economics and foreign policy speech in New York.

Economic forces, Clinton will say, are transforming foreign policy realities around the globe.

“We have seen governments toppled by economic crisis,” a text of the Secretary’s remarks released by the State Department on the eve of the speech reads. “Revolutions born in a Tunisian marketplace have swept across an entire region. Europe faces its strongest test in a generation, thanks to recession and debt. And everywhere I travel, I see countries gaining influence not because of the size of their armies, but because of the growth of their economies.”

Clinton will say she is updating U.S. foreign policy priorities to include economics “every step of the way,” suggesting the United States should take a cue from the leaders of emerging powers like India and Brazil who put economics at the center of their foreign policies.

“When their leaders approach a foreign policy challenge — just as when they approach a domestic challenge — one of the first questions they ask is, ‘how will this affect our economic growth?'” the text of the speech says. “We need to be asking the same question — not because the answer will dictate our foreign policy choices, but because it must be a significant part of the equation.”

In the address before the Economic Club of New York, the fourth in a series of speeches Secretary Clinton is giving on economics and foreign policy, she will say the world’s “strategic and economic center of gravity is shifting east” and the United States is focusing more on the Asia-Pacific region.

“One of America’s great successes of the past century was to build a strong network of relationships and institutions across the Atlantic,” she says. “One of our great projects in this century will be to do the same across the Pacific.”

The United States should help other countries find economic solutions to strategic challenges, especially in the Middle East and North Africa, she says. “We need a sophisticated effort to integrate the region’s economies, promote investment and assist in economic modernization. The Arab political Awakening must also be an economic awakening.”

Clinton takes aim at Americans who would turn inward, arguing “you can’t call ‘time out’ in the global economy. Our competitors aren’t taking a time out, and neither can we.”

Increasingly, the United States is focusing on “tracking and thwarting” the financiers of terrorism, using sanctions and other economic tools to cut repressive regimes off from insurance, banking and shipping, Clinton says.

Finally, Clinton says, the United States is “modernizing (its) agenda on trade, investment and commercial diplomacy to deliver jobs and growth for the American people.”

But the United States cannot compete, she says, if it is frozen in domestic political fights.

“Washington has to end the culture of political brinksmanship — which, I can tell you, is raising questions around the world about our leadership.”

Courtesy: CNN

Dangerous Minds: Noam Chomsky on the Wall Street protests

Noam Chomsky sends a “strong message of support” to the organizers of the Occupy Wall Streetprotests:

“Anyone with eyes open knows that the gangsterism of Wall Street — financial institutions generally — has caused severe damage to the people of the United States (and the world). And should also know that it has been doing so increasingly for over 30 years, as their power in the economy has radically increased, and with it their political power. That has set in motion a vicious cycle that has concentrated immense wealth, and with it political power, in a tiny sector of the population, a fraction of 1%, while the rest increasingly become what is sometimes called “a precariat” — seeking to survive in a precarious existence. They also carry out these ugly activities with almost complete impunity — not only too big to fail, but also “too big to jail.”

The courageous and honorable protests underway in Wall Street should serve to bring this calamity to public attention, and to lead to dedicated efforts to overcome it and set the society on a more healthy course.” …

Read more » Dangerous Minds

New York Students Stage Walkouts in Solidarity with Occupy Wall Street

– By Rebecca Nathanson

​Inspired by Occupy Wall Street, students from around New York will walk out of their classes and march down to City Hall this afternoon. Once at City Hall, the students will join the larger Community/Labor March to Wall Street,which already has almost 3,000 people attending on Facebook.

A few months ago, New York Students Rising, a “statewide network of students and campus-organizations dedicated to defending public higher education and empowering students in New York State,” according to its website, started organizing around budget cuts in the CUNY and SUNY systems and began to plan for a fall protest. Now, thanks to a chance scheduling overlap with Occupy Wall Street, it has morphed into a solidarity march, and other universities are joining in as well.

Students from Columbia, The New School, and NYU have been organizing for the walkouts, scheduled at 3:30 p.m. (for Columbia) and 4 p.m. (for NYU and the New School), in time to get to the 4:30 march. In addition, students and teachers at CUNY and SUNY schools will be holding teach-ins prior to walking out. ….

Read more → Blog Village VOICE

Occupy Wall Street rediscovers the radical imagination

– The young people protesting in Wall Street and beyond reject this vain economic order. They have come to reclaim the future

• Police tactics attacked as officers pepper-spray women
• Occupy Wall Street: the protesters speak

by

Why are people occupying Wall Street? Why has the occupation – despite the latest police crackdown – sent out sparks across America, within days, inspiring hundreds of people to send pizzas, money, equipment and, now, to start their own movements called OccupyChicago, OccupyFlorida, in OccupyDenver or OccupyLA?

There are obvious reasons. We are watching the beginnings of the defiant self-assertion of a new generation of Americans, a generation who are looking forward to finishing their education with no jobs, no future, but still saddled with enormous and unforgivable debt. Most, I found, were of working-class or otherwise modest backgrounds, kids who did exactly what they were told they should: studied, got into college, and are now not just being punished for it, but humiliated – faced with a life of being treated as deadbeats, moral reprobates.

Is it really surprising they would like to have a word with the financial magnates who stole their future?

Just as in Europe, we are seeing the results of colossal social failure. The occupiers are the very sort of people, brimming with ideas, whose energies a healthy society would be marshaling to improve life for everyone. Instead, they are using it to envision ways to bring the whole system down. ….

Read more → guardian.co.uk

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via → guardian news blogYouTube

Current Pakistan: A glimmer of hope?

Excerpt;

…. Though PPP got away with giving Zardari his wife’s inheritance, yet people groaning under the burden of crushing poverty, unavailability of daily necessities and ever rising prices are coming to realize that no matter who rules they will continue to suffer.

In time, it may be long, but Sindhis, Punjabis, Baluchis, Pathans and Mohajirs will stop listening to self-serving speeches of Waderas, Sirdars, Chaudhurys and stop fighting with each other.

To read complete article → ViewPoint

800 million dollar question?

by D Asghar

Excerpt;

Many scream off the top of their lungs about our honor and sovereignty, but very rarely can come up with a solution, which hits a bull’s eye to our economic woes

The moment that dreaded news of the US government suspending its $850 Million aid to the Pakistani Military, hit the wires, there was this flurry of various experts. All weighed in, with their expert comments to exacerbate the already stretched and strained relationship between Pakistan and US. This was of course followed by all sorts of other explanations along with jingoistic comments.

The ongoing love-hate (mostly hate) relationship with America, begs some serious introspection. The gist of the matter is that any and all relationships, whether personal or national are dependent on vested self interest. To exploit a situation to maximize the self benefit is considered sound diplomacy. To say that we are lagging in that art of international politics would be a major understatement.

Ever since the event of May 02, we have been going through various debacles and till this date, we have not come to the realization of what challenges we face as a nation. We are surrounded by not so friendly nations around us. It is hard to admit, but it is due to our doing as well. From the get go, we seem to be in a “la Shaheen” mode. If it all boils down to the “strategic depth”, then make no mistake, we have dug a deep one for ourselves. ….

…. So as I said earlier, it all boils down to sound diplomacy. Diplomacy certainly does not mean laying down flat and let people run all over you. I think that it’s about time that we look around and learn a lesson or two from our neighbors. The $800 million question is what are we willing to apply, our rarely used head or our hyper inflated ego?

To read complete article → ViewPoint