- do not invest all your money
- do not invest the money that you need in near future
- do not borrow to invest
- do stay invested
- do give time for your investment to grow
- do not panic when your investment is out of money
- do not put all your money in one basket of investment;do diversify
- do not put your money in the investment that promise very high returns;most probably it is a scam.
- do get right advice from right person;do contact me
- always remember these golden rules when thinking of separating with your money.
Wednesday, November 26, 2008
golden rules of investment
return on investment?
The Carlyle Group, integrated by the Bush and bin Laden families awarded a billion dollar contract to "rebuild" Iraq:
US arms group heads for Lisbon
http://the-news.net/ The News, Portugal's English language Weekly, 4 April 2003.
www.globalresearch.ca 6 April 2003
The URL of this article is: http://globalresearch.ca/articles/NEW304A.html
Directors of one of the world’s largest armament companies are planning on meeting in Lisbon in three weeks time. The American based Carlyle Group is heavily involved in supplying arms to the Coalition forces fighting in the Iraqi war.
It also holds a majority of shares in the Seven Up company and Federal Data Corporation, supplier of air traffic control surveillance systems to the US Federal Aviation Authority. The 12 billion dollar company has recently signed contracts with United Defence Industries to equip the Turkish and Saudi Arabian armies with aviation defence systems.
Top of the meeting’s agenda is expected to be the company’s involvement in the rebuilding of Baghdad’s infrastructure after the cessation of current hostilities. Along with several other US companies, the Carlyle Group is expected to be awarded a billion dollar contract by the US Government to help in the redevelopment of airfields and urban areas destroyed by Coalition aerial bombardments.
The Group is managed by a team of former US Government personnel including its president Frank Carlucci, former deputy director of the CIA before becoming Defence Secretary. His deputy is James Baker II, who was Secretary of State under George Bush senior. Several high profile former politicians are employed to represent the company overseas, among them John Major, former British Prime Minister, along with George Bush senior, one time CIA director before becoming US President.
The financial assets of the Saudi Binladen Corporation (SBC) are also managed by the Carlyle Group. The SBC is headed up by members of Osama bin Laden’s family, who played a principle role in helping George W. Bush win petroleum concessions from Bahrain when he was head of the Texan oil company, Harken Energy Corporation - a deal that was to make the Bush family millions of dollars. Salem, Osama bin Laden’s brother, was represented on Harken’s board of directors by his American agent, James R. Bath.
The connection between the Bush and bin Laden families can also be traced to the collapse of the Bank of Credit and Commerce International (BCCI) in the 1990s. Members of the Anglo Pakistani bank’s board of directors included Richard Helms and William Casey, business partners of George Bush senior and former CIA agents. During their time at BCCI both Helms and Casey worked alongside fellow director, Adnan Khasshoggi, who also represented the bin Laden family’s interests in the US.
The Portugal News has been told by a reliable source that the Carlyle Group meeting in Lisbon will discuss the relationship between the Saudi Binladen Corporation (SBC) and Osama bin Laden. Many US officials claim that the SBC continues to finance his political activities, and has done so for many years. If true, this would place George Bush senior and his colleagues at the Carlyle Group in an embarrassing position. As managers of SBC’s financial investments they might well be accused of indirectly aiding and abetting the United States’ number one enemy.
Copyright http://the-news.net/ 2003. For fair use only/ pour usage équitable seulement .
US arms group heads for Lisbon
http://the-news.net/ The News, Portugal's English language Weekly, 4 April 2003.
www.globalresearch.ca 6 April 2003
The URL of this article is: http://globalresearch.ca/articles/NEW304A.html
Directors of one of the world’s largest armament companies are planning on meeting in Lisbon in three weeks time. The American based Carlyle Group is heavily involved in supplying arms to the Coalition forces fighting in the Iraqi war.
It also holds a majority of shares in the Seven Up company and Federal Data Corporation, supplier of air traffic control surveillance systems to the US Federal Aviation Authority. The 12 billion dollar company has recently signed contracts with United Defence Industries to equip the Turkish and Saudi Arabian armies with aviation defence systems.
Top of the meeting’s agenda is expected to be the company’s involvement in the rebuilding of Baghdad’s infrastructure after the cessation of current hostilities. Along with several other US companies, the Carlyle Group is expected to be awarded a billion dollar contract by the US Government to help in the redevelopment of airfields and urban areas destroyed by Coalition aerial bombardments.
The Group is managed by a team of former US Government personnel including its president Frank Carlucci, former deputy director of the CIA before becoming Defence Secretary. His deputy is James Baker II, who was Secretary of State under George Bush senior. Several high profile former politicians are employed to represent the company overseas, among them John Major, former British Prime Minister, along with George Bush senior, one time CIA director before becoming US President.
The financial assets of the Saudi Binladen Corporation (SBC) are also managed by the Carlyle Group. The SBC is headed up by members of Osama bin Laden’s family, who played a principle role in helping George W. Bush win petroleum concessions from Bahrain when he was head of the Texan oil company, Harken Energy Corporation - a deal that was to make the Bush family millions of dollars. Salem, Osama bin Laden’s brother, was represented on Harken’s board of directors by his American agent, James R. Bath.
The connection between the Bush and bin Laden families can also be traced to the collapse of the Bank of Credit and Commerce International (BCCI) in the 1990s. Members of the Anglo Pakistani bank’s board of directors included Richard Helms and William Casey, business partners of George Bush senior and former CIA agents. During their time at BCCI both Helms and Casey worked alongside fellow director, Adnan Khasshoggi, who also represented the bin Laden family’s interests in the US.
The Portugal News has been told by a reliable source that the Carlyle Group meeting in Lisbon will discuss the relationship between the Saudi Binladen Corporation (SBC) and Osama bin Laden. Many US officials claim that the SBC continues to finance his political activities, and has done so for many years. If true, this would place George Bush senior and his colleagues at the Carlyle Group in an embarrassing position. As managers of SBC’s financial investments they might well be accused of indirectly aiding and abetting the United States’ number one enemy.
Copyright http://the-news.net/ 2003. For fair use only/ pour usage équitable seulement .
Thursday, November 20, 2008
ARE WE THERE YET?
Recession fears send world markets down
By PAN PYLAS, AP Business Writer Pan Pylas, Ap Business Writer
LONDON – European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
The FTSE 100 index of leading British shares was down 87.46 points, or 2.2 percent, at 3,918.22, while Germany's DAX was 145.17 points, or 3.3 percent, lower at 4,208.92. The CAC-40 in France was 111.98 points, or 3.6 percent, lower at 2,975.91.
Earlier, Tokyo's benchmark Nikkei 225 average slid 570.18 points, or 6.9 percent, to 7,703.0 as figures showed exports in October sank 7.7 percent, the biggest decline since 2001, causing the country — an export powerhouse — to report a rare trade deficit.
The losses in Europe and Asia come in the wake of a 427 point, or 5.1 percent, slide in the Dow Jones index of leading U.S. shares. The broader Standard & Poor's 500 index also slid 6.1 percent to 806.58. Both closed at their lowest levels since March 2003.
Wall Street appeared poised for another bout of selling. Dow futures were down 92 points, or 1.1 percent, to 7,935, while S&P futures were down 12.6 points, or 1.6 percent, to 799.9.
"Alongside the dismal outlook painted by leaders in the U.S. automotive industry, growing fears surrounding the drastic rate of disinflation across the globe and renewed fears for the U.S. banking sector, this has sent investors scrambling for cover once more," said Neil Mellor, an analyst at Bank of New York Mellon.
The uncertainty facing companies around the world was evident after U.S. consumer prices fell 1 percent last month, the largest amount in the past 61 years. While beneficial to consumers, lower prices hurt corporate profits and raise the threat of deflation.
So far, Japan, Hong Kong and European countries including Germany and Italy are officially in recession and most expect the U.S. and Britain to be joining them soon, whatever fiscal stimulus policy-makers come up with in the coming days and weeks.
Businesses have been quick to respond to the gloomy outlook by cutting jobs. Most notably, Citigroup said Monday that it is cutting 53,000 jobs around the world.
In Japan, Isuzu Motors Ltd. fell 17 percent after the truck maker said it will cut 1,400 contract workers as it scales back production for this fiscal year. Isuzu is the latest automaker to announce production cuts, joining domestic rivals such as Toyota Motor Corp. and Honda Motor Co.
In Britain, aircraft engine maker Rolls-Royce PLC said it plans to cut up to 2,000 jobs next year as demand for its products slumps amid the global economic downturn.
"We've gone past the poor sentiment stage," said Miles Remington, head of Asian sales trading at BNP Paribas Securities in Hong Kong.
"People are looking for any kind of positive and there are just no positives out there. Everyone seems to be united in the depressed global outlook," he said. "Whether it's commodities or equities, everything seems to be on a downturn."
Elsewhere in Asia, South Korea's main index fell for its eighth straight session, losing 6.7 percent to 948.69, as the country's currency, the won, fell to its lowest level in more than a decade. Hong Kong's Hang Seng benchmark sank 517.24 points, or 4 percent, to 12,298.56.
In Australia, the main stock measure retreated 4.2 percent as weakening commodity prices dragged down the country's resource giants — BHP Billiton and Rio Tinto were both down 9 percent or more.
Compared to the rest of Asia, mainland China's markets suffered modest losses, after speculation over a possible deal by Disney to build a long-awaited theme park in Shanghai boosted property shares. The benchmark Shanghai Composite Index fell 1.7 percent.
The gloomy global economic outlook has taken its toll on oil prices, which have fallen to their lowest in nearly two years. Light, sweet crude for December delivery was down $1.32 at $52.30 a barrel in mid-morning London trade. Overnight, the contract retreated 77 cents to settle at $53.62 a barrel on the New York Mercantile Exchange, the lowest since January 2007.
The dollar weakened 0.6 percent to 95.31 yen, while the euro edged was steady at $1.2513.
___
AP Business Writer Jeremiah Marquez in Hong Kong contributed to this report.
By PAN PYLAS, AP Business Writer Pan Pylas, Ap Business Writer
LONDON – European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
The FTSE 100 index of leading British shares was down 87.46 points, or 2.2 percent, at 3,918.22, while Germany's DAX was 145.17 points, or 3.3 percent, lower at 4,208.92. The CAC-40 in France was 111.98 points, or 3.6 percent, lower at 2,975.91.
Earlier, Tokyo's benchmark Nikkei 225 average slid 570.18 points, or 6.9 percent, to 7,703.0 as figures showed exports in October sank 7.7 percent, the biggest decline since 2001, causing the country — an export powerhouse — to report a rare trade deficit.
The losses in Europe and Asia come in the wake of a 427 point, or 5.1 percent, slide in the Dow Jones index of leading U.S. shares. The broader Standard & Poor's 500 index also slid 6.1 percent to 806.58. Both closed at their lowest levels since March 2003.
Wall Street appeared poised for another bout of selling. Dow futures were down 92 points, or 1.1 percent, to 7,935, while S&P futures were down 12.6 points, or 1.6 percent, to 799.9.
"Alongside the dismal outlook painted by leaders in the U.S. automotive industry, growing fears surrounding the drastic rate of disinflation across the globe and renewed fears for the U.S. banking sector, this has sent investors scrambling for cover once more," said Neil Mellor, an analyst at Bank of New York Mellon.
The uncertainty facing companies around the world was evident after U.S. consumer prices fell 1 percent last month, the largest amount in the past 61 years. While beneficial to consumers, lower prices hurt corporate profits and raise the threat of deflation.
So far, Japan, Hong Kong and European countries including Germany and Italy are officially in recession and most expect the U.S. and Britain to be joining them soon, whatever fiscal stimulus policy-makers come up with in the coming days and weeks.
Businesses have been quick to respond to the gloomy outlook by cutting jobs. Most notably, Citigroup said Monday that it is cutting 53,000 jobs around the world.
In Japan, Isuzu Motors Ltd. fell 17 percent after the truck maker said it will cut 1,400 contract workers as it scales back production for this fiscal year. Isuzu is the latest automaker to announce production cuts, joining domestic rivals such as Toyota Motor Corp. and Honda Motor Co.
In Britain, aircraft engine maker Rolls-Royce PLC said it plans to cut up to 2,000 jobs next year as demand for its products slumps amid the global economic downturn.
"We've gone past the poor sentiment stage," said Miles Remington, head of Asian sales trading at BNP Paribas Securities in Hong Kong.
"People are looking for any kind of positive and there are just no positives out there. Everyone seems to be united in the depressed global outlook," he said. "Whether it's commodities or equities, everything seems to be on a downturn."
Elsewhere in Asia, South Korea's main index fell for its eighth straight session, losing 6.7 percent to 948.69, as the country's currency, the won, fell to its lowest level in more than a decade. Hong Kong's Hang Seng benchmark sank 517.24 points, or 4 percent, to 12,298.56.
In Australia, the main stock measure retreated 4.2 percent as weakening commodity prices dragged down the country's resource giants — BHP Billiton and Rio Tinto were both down 9 percent or more.
Compared to the rest of Asia, mainland China's markets suffered modest losses, after speculation over a possible deal by Disney to build a long-awaited theme park in Shanghai boosted property shares. The benchmark Shanghai Composite Index fell 1.7 percent.
The gloomy global economic outlook has taken its toll on oil prices, which have fallen to their lowest in nearly two years. Light, sweet crude for December delivery was down $1.32 at $52.30 a barrel in mid-morning London trade. Overnight, the contract retreated 77 cents to settle at $53.62 a barrel on the New York Mercantile Exchange, the lowest since January 2007.
The dollar weakened 0.6 percent to 95.31 yen, while the euro edged was steady at $1.2513.
___
AP Business Writer Jeremiah Marquez in Hong Kong contributed to this report.
Tuesday, November 11, 2008
SIEW SIN ON SINO MALAY RELATIONS
Going through some old documents I came across this record of a speech by the Honourable Minister of Finance, Enche (sic) Tan Siew Sin, at the Delegates' Conference of the Hokkien Association of Malaysia in Kuala Lumpur on 22nd May 1965.It is too long a speech to be reproduced in full. I will therefore cite only the parts that seem to be relevant to the current debates in Malaysia. I would be happy to provide the full text if needed.Siew Sin remarked that the British identified the Chinese as a whole unjustly with the Malayan People's Anti-Japanese Army which was controlled by the Communists. The Emergency of 1948-1960 generated even greater suspicion against the Chinese community because the movement was directed by the Communists who were largely Chinese."This fear," Siew Sin said, "led the British to a policy of restricting citizenship rights for the Chinese as they felt that it would be dangerous for too many of them to become citizens....The result was that only about 200,000 Chinese had managed to become citizens out of a total of more than two million then resident in the former Federation of Malaya".
Farsighted Statesmanship"When negotiating the terms of independence before that date," Siew Sin continued, "the MCA had asked that every Chinese who could legitimately claim to be regarded as a citizen should be allowed to become a citizen with the achievement of independence. It is a tribute to the farsighted statesmanship of UMNO and its leaders that they reacted sympathetically to this request. To give effect to this sympathy, a provision was inserted in the constitution itself to the effect that "good character" meant any person who had not been in jail during the period of three years preceding his application for citizenship."This was the main stumbling block to the acquisition of citizenship in colonial days. With the removal of this barrier, it was possible to admit approximately one million new citizens within 12 months of Merdeka and, of this number, roughly 800,000 were Chinese. If the Malays had been against giving a fair deal to the Chinese in the matter of citizenship, they would not have allowed such a situation to develop."The next major issue was the one concerning the special position of the Malays. Not many people are aware that this provision was inserted in the 1948 Federation of Malaya Agreement as part of the special responsibilities of the High Commissioner in the following terms;"The safeguarding of the special position of the Malays and of the legitimate interests of other communities."It will be seen that this simple phrase could mean nothing. It could also mean everything. It was vague, it was also comprehensive and it was comprehensive enough as to be capable of being interpreted in a way which could mean the virtual elimination of Chinese economic interests in important sectors of the economy. Here again, with independence, this omnibus provision was scaled down to a precise definition so that it will be clear to all what this provision means. You will find it in article 153 of the Constitution. I have no time in a speech of this nature to tell you exactly what it means or what it does not mean, but very briefly, the effect of this provision is that, firstly, all existing rights are preserved; secondly, no citizen can be prohibited from engaging in business activity or deprived of his right to engage in business activity merely because he is a non-Malay."Chinese Education"In the field of Chinese education, a matter which is dear to the hearts of the majority of the Chinese population of this country, and one on which they feel very strongly, I do not have to remind that Chinese education today has the kind of status which could not have been possible in the days before independence. In 1954, which was the year before the Federation's first general election, when the alliance came to power for the first time the amount spent on Chinese education was $11.7 million. The amount spent on education as a whole was $99.9 million. In 1963, and I have taken 1963 because after this year we would be dealing in pan-Malaysian figures, and therefore the comparison would not be fair, the figures were $44.6 million and $283 million respectively."In other words while the amount spent on education as a whole increased by 183.28 per cent in nine years, the amount spent on Chinese education increased by 281.19 per cent. In brief, Chinese education has fared even better than education as a whole since independence, and education as a whole has been the principal beneficiary of independence."It will, therefore, be seen that in three major areas, that is, in the field of citizenship, Malay rights, and Chinese education, the Chinese are actually in a much happier position today than they were in the days of colonial rule. I have taken some pains to trace the history of these matters because i have heard, not only in this country, but overseas, that the Chinese were better off under British rule than they were in the former Federation of Malaya or in Malaysia today. I could give other instances, but the three major ones I have given will serve to show how unfounded such a belief is."
source: chedet.com
Farsighted Statesmanship"When negotiating the terms of independence before that date," Siew Sin continued, "the MCA had asked that every Chinese who could legitimately claim to be regarded as a citizen should be allowed to become a citizen with the achievement of independence. It is a tribute to the farsighted statesmanship of UMNO and its leaders that they reacted sympathetically to this request. To give effect to this sympathy, a provision was inserted in the constitution itself to the effect that "good character" meant any person who had not been in jail during the period of three years preceding his application for citizenship."This was the main stumbling block to the acquisition of citizenship in colonial days. With the removal of this barrier, it was possible to admit approximately one million new citizens within 12 months of Merdeka and, of this number, roughly 800,000 were Chinese. If the Malays had been against giving a fair deal to the Chinese in the matter of citizenship, they would not have allowed such a situation to develop."The next major issue was the one concerning the special position of the Malays. Not many people are aware that this provision was inserted in the 1948 Federation of Malaya Agreement as part of the special responsibilities of the High Commissioner in the following terms;"The safeguarding of the special position of the Malays and of the legitimate interests of other communities."It will be seen that this simple phrase could mean nothing. It could also mean everything. It was vague, it was also comprehensive and it was comprehensive enough as to be capable of being interpreted in a way which could mean the virtual elimination of Chinese economic interests in important sectors of the economy. Here again, with independence, this omnibus provision was scaled down to a precise definition so that it will be clear to all what this provision means. You will find it in article 153 of the Constitution. I have no time in a speech of this nature to tell you exactly what it means or what it does not mean, but very briefly, the effect of this provision is that, firstly, all existing rights are preserved; secondly, no citizen can be prohibited from engaging in business activity or deprived of his right to engage in business activity merely because he is a non-Malay."Chinese Education"In the field of Chinese education, a matter which is dear to the hearts of the majority of the Chinese population of this country, and one on which they feel very strongly, I do not have to remind that Chinese education today has the kind of status which could not have been possible in the days before independence. In 1954, which was the year before the Federation's first general election, when the alliance came to power for the first time the amount spent on Chinese education was $11.7 million. The amount spent on education as a whole was $99.9 million. In 1963, and I have taken 1963 because after this year we would be dealing in pan-Malaysian figures, and therefore the comparison would not be fair, the figures were $44.6 million and $283 million respectively."In other words while the amount spent on education as a whole increased by 183.28 per cent in nine years, the amount spent on Chinese education increased by 281.19 per cent. In brief, Chinese education has fared even better than education as a whole since independence, and education as a whole has been the principal beneficiary of independence."It will, therefore, be seen that in three major areas, that is, in the field of citizenship, Malay rights, and Chinese education, the Chinese are actually in a much happier position today than they were in the days of colonial rule. I have taken some pains to trace the history of these matters because i have heard, not only in this country, but overseas, that the Chinese were better off under British rule than they were in the former Federation of Malaya or in Malaysia today. I could give other instances, but the three major ones I have given will serve to show how unfounded such a belief is."
source: chedet.com
Monday, November 10, 2008
Obamania
since everybody's talking about Obama....don't take it seriously and don't be offended.
women all over the world...black and white..are shaving their pubic hairs today in support of OBAMA'S winning the election. Their message to the world :
"READ OUR LIPS:NO MORE BUSH"
women all over the world...black and white..are shaving their pubic hairs today in support of OBAMA'S winning the election. Their message to the world :
"READ OUR LIPS:NO MORE BUSH"
Wednesday, November 5, 2008
AS WE SPEAK.....
Abdullah: ‘Anyone can be the PM’
PUTRAJAYA: It is possible for anyone from a minority group to be a nation’s leader, even in Malaysia, says Prime Minister Datuk Seri Abdullah Badawi.
“It is up to the people to decide, just as the Americans had done through the democratic process,” he said while extending his congratulations to Senator Barack Obama.
Reporters had asked him in the Parliament lobby yesterday if it were possible for a person from a minority group to become Prime Minister in Malaysia.
Abdullah hoped Obama would bring positive changes to world affairs, as the United States had great influence on international issues and the conduct of international relations.
Abdullah said the most immediate attention Obama should focus on was the US economic crisis.
The premier also hoped Obama would be fair in his dealings with all people, including Muslim groups.
Abdullah called for a new era of friendlier relations between Malaysia and the United States based on mutual respect.
Foreign Minister Datuk Seri Dr Rais Yatim said in a statement that Malaysia looked forward to enhancing the present good relations and promoting new initiatives to further boost the bilateral relations.
He said Malaysia hoped the Obama administration would give deserving attention to developing nations in the context of humanity, development and bilateral relations.
International Trade and Industry Minister Tan Sri Muhyiddin Yassin pinned his hopes on Obama liberalising the US economy and paying more attention to smaller countries like Malaysia.
Former Prime Minister Tun Dr Mahathir Mohamad urged Obama to get to know other countries well.
“We noticed that (US President George W.) Bush knew nothing about the rest of the world and many American investors do not know enough about the East, where all the action is going to be,” said Dr Mahathir in an interview with Al Jazeera yesterday.
Opposition leader Datuk Seri Anwar Ibrahim said: “I call on him to immediately act on the need to engage with all quarters and to try first to withdraw from Iraq.”
Penang Chief Minister Lim Guan Eng said Americans had made an “inspiring” choice in picking Obama.
PAS spiritual adviser Datuk Nik Abdul Aziz Nik Mat reasoned Obama’s victory was a “victory of sorts” for Islam because Islam did not differentiate between race or creed.
“That is why Obama’s victory is groundbreaking. It also proves there is no such thing as the superior race of the Caucasian. Everybody shares equality in Islam,” he said.
SOURCE: The Star,november 6 2008.
Commoner's view (marhaen)
Mr. PM sir : you have openly invited THEM to fulfill their ambition and vision....what a blooper.
Yes!it is everybody's hope sir.
Bro Anwar : i am 100% with you on this.what if you ask your best buddy first,Paul IMF, i believe.people is saying he was/still is very instrumental behind the invasion....
mmm..whatever you mean by that.
Tuan Guru:meme betul tok guru.Islam tak bezokan umat melalui bangsa tapi melalui TAKWA.betul doh konsep pemilihan US tu, cuma puok dia tak islam jah.dan jangan pula biarkan pemimpin untuk negara/negeri majoriti Islam adalah dari kalangan yang bukan Islam.
PUTRAJAYA: It is possible for anyone from a minority group to be a nation’s leader, even in Malaysia, says Prime Minister Datuk Seri Abdullah Badawi.
“It is up to the people to decide, just as the Americans had done through the democratic process,” he said while extending his congratulations to Senator Barack Obama.
Reporters had asked him in the Parliament lobby yesterday if it were possible for a person from a minority group to become Prime Minister in Malaysia.
Abdullah hoped Obama would bring positive changes to world affairs, as the United States had great influence on international issues and the conduct of international relations.
Abdullah said the most immediate attention Obama should focus on was the US economic crisis.
The premier also hoped Obama would be fair in his dealings with all people, including Muslim groups.
Abdullah called for a new era of friendlier relations between Malaysia and the United States based on mutual respect.
Foreign Minister Datuk Seri Dr Rais Yatim said in a statement that Malaysia looked forward to enhancing the present good relations and promoting new initiatives to further boost the bilateral relations.
He said Malaysia hoped the Obama administration would give deserving attention to developing nations in the context of humanity, development and bilateral relations.
International Trade and Industry Minister Tan Sri Muhyiddin Yassin pinned his hopes on Obama liberalising the US economy and paying more attention to smaller countries like Malaysia.
Former Prime Minister Tun Dr Mahathir Mohamad urged Obama to get to know other countries well.
“We noticed that (US President George W.) Bush knew nothing about the rest of the world and many American investors do not know enough about the East, where all the action is going to be,” said Dr Mahathir in an interview with Al Jazeera yesterday.
Opposition leader Datuk Seri Anwar Ibrahim said: “I call on him to immediately act on the need to engage with all quarters and to try first to withdraw from Iraq.”
Penang Chief Minister Lim Guan Eng said Americans had made an “inspiring” choice in picking Obama.
PAS spiritual adviser Datuk Nik Abdul Aziz Nik Mat reasoned Obama’s victory was a “victory of sorts” for Islam because Islam did not differentiate between race or creed.
“That is why Obama’s victory is groundbreaking. It also proves there is no such thing as the superior race of the Caucasian. Everybody shares equality in Islam,” he said.
SOURCE: The Star,november 6 2008.
Commoner's view (marhaen)
Mr. PM sir : you have openly invited THEM to fulfill their ambition and vision....what a blooper.
Yes!it is everybody's hope sir.
Bro Anwar : i am 100% with you on this.what if you ask your best buddy first,Paul IMF, i believe.people is saying he was/still is very instrumental behind the invasion....
mmm..whatever you mean by that.
Tuan Guru:meme betul tok guru.Islam tak bezokan umat melalui bangsa tapi melalui TAKWA.betul doh konsep pemilihan US tu, cuma puok dia tak islam jah.dan jangan pula biarkan pemimpin untuk negara/negeri majoriti Islam adalah dari kalangan yang bukan Islam.
Tuesday, November 4, 2008
OBAMA WINS!!!
barack obama elected president making him the very first black president.
wonder will this ever happen in our beloved country??hmmm
wonder will this ever happen in our beloved country??hmmm
Monday, November 3, 2008
subprime lending= second chance lending
- some people wonder what actually went wrong and caused the financial meltdown of the greatest economic power on earth.we heard about it,read about it yet still wondering why and will it ever reach our shore.
- let's imagine this,a group of people needs money and went to a bank to borrow money without collateral.the only collateral is their ability to pay,which is not guaranteed at all.who on earth can be sure of their ability to earn or pay in the future.....however this bank needs to show on their report that business is good so the bank granted the wishes of these people and praying hard they would not default even the bank themselves know that these people may end up not paying.and the bank went to the extend of lending to those on the verge of bankruptcy.imagine many banks provide the same to many people.they even have the so called 'NINJA' loan (No Income No Job Asset). that is one of sub prime lending.it is of course covers wider scope.it is basically in forms of mortgages,auto loans and credit cards.it also gave birth to many other financial products called mortgage backed securities,bond and other investment vehicles.Once rated good for fixed income investments now became junks.
- now remember the CTOS face off with one certain Dato who condemn CTOS for giving problem to common people in obtaining loans from banks in malaysia.in the land of the great,most people can obtain loans from the banks even if you have bad records...financially,even if you are not a good paymaster.when you do not have money,you can easily refinance you properties.you can have house of cards as well,CREDIT CARD.(crisis due to it is next, after subprime mortgages).
- in my humble opinion,even though CTOS has been giving pain in the butt for many people nevertheless it also helps banks filter out potential non-performing loan.
- we have seen the sub prime motgages crisis which led to the fall of Freddie Mac Fannie Mae,AIG,Lehman and many more.at this moment Citigroup is following the trail....
Saturday, November 1, 2008
what matters-same crisis new storyline.
- 1. hari ini hampir genap 8 bulan setelah Pilihanraya Umum 12 berlalu.Namun nampaknya orang Malaysia lebih gemar berpolitik,mungkin ianya satu cara perlarian aka 'escapade' dari realiti hidup hari ini.orang di luar sibuk dengan krisis ekonomi dan cara menghadapi tsunami baru ini yang puncanya sudah bertahun-tahun berakar namun baru berbuah.Kita nampaknya tenang sahaja,mungkin kesannya belum tiba tetapi bentengnya juga kita belum sedia.
- 2.paling tidak pun baru-baru ini kerajaan menyediakan benteng pasir berupa suntikan modal 5billion dalam Value Cap untuk menstabilkan sedikit pasaran saham tempatan.di pihak pembangkang,menyimpulkan ini adalah langkah menyelamatkan kroni.pelik juga kerana orang yang sama mengeluarkan kenyataan ini adalah merupakan kesayangan uncle sam.uncle sam juga baru baru ini mengambil langkah menyelamatkan beberapa institusi kewangan di negara mereka.adakah ini dinamakan penyelamatan kroni?
- 3.kalau kita berfikiran jauh,langkah ini bukanlah penyelamatan kroni.ianya tidak lain adalah langkah akhir menyelamatkan ramai kakitangan dari hilang pekerjaan dan banyak perniaagaan sampingan yang mencari makan dan berkait dengan institusi ini dari gulung tikar.sememangnya kita tidak boleh memuaskan setiap hati insan.
- 4. mengikut teori ekonomi,krisis ekonomi ini akan berlaku tiap 10 tahun sekali.paling awal 7 tahun kita sudah pasti dapat mengesannya.paling lama pun 12 tahun.kalau mengikut cerita nabi yusuf a.s pula setiap 7 tahun kita mesti membuat persediaan.namun ramai yang tidak menyedari ataupun terlupa.
- 5. bagi yang telah melalui susah payah krisis matawang 97-98 dan sekali lagi sedang melalui krisis baru ini sememangnya mereka ini adalah golong yang mudah lupa.kemungkinan besar tidak mengetahui pengurusan kewangan yang tepat.mungkin motto hidup mereka 'spend all u have'.
- 6. segelintir perniagaan hanya terjejas sedikit ekoran keperluan berterusan dari orang ramai seperti perniagaan kesihatan,makanan,petroleum,tenaga serta insurans.perniagaan yang tidak bergantung kepada kerajaan juga mampu bertahan dalam masa yang menguji ini.
- 7.akhir sekali,yang sememangnya akan bertahan adalah perdagangan matawang yang meraih untung di atas pergerakan point dengan kata lain pips.samada sesuatu matawang itu naik atau turun,pedagang akan meraih untung diatas kepakaran mereka meramal pergerakan naik turun pips tersebut serta keupayaan mengawal nafsu tamak.dan ini memerlukan artikel lain untuk menjelaskan keunikan perdagangan matawang ini.
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