Showing posts with label USA. Show all posts
Showing posts with label USA. Show all posts
Friday, January 17, 2014
Friday, April 12, 2013
Top 3 Cities for Single Men
Top 3 Cities for Single Men
by Russell Smith
on October 28th, 2012 The Best Cities for Bachelors Based on Health, Jobs, and Number of Women
Ever taken a walk through your town and wondered where all the ladies are? Or better yet, where all of the jobs are? If so, it’s possible that you simply live in the wrong city. But don’t worry, we’ve got you covered – here is a list of the best places for men to live based on health, employment, and women:
1. New York City
Dubbed the “City That Never Sleeps”, New York is the most populous city in the country. With over 8 million people (almost 18 million in the NYC metropolitan area), there are plenty of jobs and universities here. New York City has one of the largest economies in the world, and it’s listed as one of the three command centers of the world economy (London and Tokyo are the other two). Forty-five of the Fortune 500 companies are headquartered in New York, so there are many opportunities for employment and job growth. In addition, there are several hundred thousand (some estimates say a million) more single women in NYC than there are men. There’s also adequate access to beaches with the Hamptons on one end and the Jersey Shore on the other (GTL anyone?). Various cultural attractions, a variety of restaurants, and some of the world’s best entertainment options are also perks of the Big Apple.
2. Miami, FL
Beaches, bikinis, and bars: Miami has so much to offer. Unlike NYC, Miami has some relatively inexpensive housing options and loads of spicy women. Killer parties and nice weather are also a plus, in addition to the array of cultural festivals thanks to the large Cuban-American population. The health benefits are actually quite extensive, too. Forbes named Miami America’s cleanest city in 2008 because of its good air quality, clean streets, vast recycling services, and green infrastructure. Economically, Miami has a huge workforce with a metro population of 5.5 million people and was named the “richest city in the United States” by UBS, a Swiss financial services firm. If you want beautiful weather and a tropical paradise, Miami is the place for you.
3. Washington D.C.
The district that houses the most important and powerful politicians in the nation may seem like a boring place to live; after all, what does D.C. have to offer besides national monuments, lobbyists, and tourists? Well, quite a bit, actually. The capital has a host of historic locations to explore with your special lady. Yes, women outnumber men here, and these women are probably well educated, too. D.C. hosts several universities, including American, George Washington, and Georgetown universities, just to name a few. By a 2010 estimate, D.C. has the fourth largest metropolitan economy in the United States, and coupled with a low unemployment rate (the Washington Metro Area has the second lowest rate among all metros in the nation) things don’t look too shabby. Almost 30% of jobs in D.C. belong to the government, but if politics aren’t your forte, don’t be disheartened; many law firms, independent contractors, trade groups, lobbying firms, and corporations have headquarters in the D.C. area. With this array of benefits, it’s no wonder the president decided to call it home…
Often, there comes a time when we all need a change of scenery. Whether it’s the end of a relationship, the need for a job, or the desire for a bigger pool of women, sometimes moving is necessary. Whether you want the hustle and bustle of a major city, the beautiful beaches of a sun-filled paradise, or the historically and educationally-rich advantages of the nation’s capital, plenty of opportunities await. So pack your bags, book a flight, and get to one of these cities for a boost to your career, health, and love life.
photos by: Nick Harris1 & maryandmac
http://inspiyr.com/top-3-cities-for-single-men/2/
by Russell Smith
on October 28th, 2012 The Best Cities for Bachelors Based on Health, Jobs, and Number of Women
Ever taken a walk through your town and wondered where all the ladies are? Or better yet, where all of the jobs are? If so, it’s possible that you simply live in the wrong city. But don’t worry, we’ve got you covered – here is a list of the best places for men to live based on health, employment, and women:
1. New York City
Dubbed the “City That Never Sleeps”, New York is the most populous city in the country. With over 8 million people (almost 18 million in the NYC metropolitan area), there are plenty of jobs and universities here. New York City has one of the largest economies in the world, and it’s listed as one of the three command centers of the world economy (London and Tokyo are the other two). Forty-five of the Fortune 500 companies are headquartered in New York, so there are many opportunities for employment and job growth. In addition, there are several hundred thousand (some estimates say a million) more single women in NYC than there are men. There’s also adequate access to beaches with the Hamptons on one end and the Jersey Shore on the other (GTL anyone?). Various cultural attractions, a variety of restaurants, and some of the world’s best entertainment options are also perks of the Big Apple.
2. Miami, FL
Beaches, bikinis, and bars: Miami has so much to offer. Unlike NYC, Miami has some relatively inexpensive housing options and loads of spicy women. Killer parties and nice weather are also a plus, in addition to the array of cultural festivals thanks to the large Cuban-American population. The health benefits are actually quite extensive, too. Forbes named Miami America’s cleanest city in 2008 because of its good air quality, clean streets, vast recycling services, and green infrastructure. Economically, Miami has a huge workforce with a metro population of 5.5 million people and was named the “richest city in the United States” by UBS, a Swiss financial services firm. If you want beautiful weather and a tropical paradise, Miami is the place for you.
3. Washington D.C.
The district that houses the most important and powerful politicians in the nation may seem like a boring place to live; after all, what does D.C. have to offer besides national monuments, lobbyists, and tourists? Well, quite a bit, actually. The capital has a host of historic locations to explore with your special lady. Yes, women outnumber men here, and these women are probably well educated, too. D.C. hosts several universities, including American, George Washington, and Georgetown universities, just to name a few. By a 2010 estimate, D.C. has the fourth largest metropolitan economy in the United States, and coupled with a low unemployment rate (the Washington Metro Area has the second lowest rate among all metros in the nation) things don’t look too shabby. Almost 30% of jobs in D.C. belong to the government, but if politics aren’t your forte, don’t be disheartened; many law firms, independent contractors, trade groups, lobbying firms, and corporations have headquarters in the D.C. area. With this array of benefits, it’s no wonder the president decided to call it home…
Often, there comes a time when we all need a change of scenery. Whether it’s the end of a relationship, the need for a job, or the desire for a bigger pool of women, sometimes moving is necessary. Whether you want the hustle and bustle of a major city, the beautiful beaches of a sun-filled paradise, or the historically and educationally-rich advantages of the nation’s capital, plenty of opportunities await. So pack your bags, book a flight, and get to one of these cities for a boost to your career, health, and love life.
photos by: Nick Harris1 & maryandmac
http://inspiyr.com/top-3-cities-for-single-men/2/
Wednesday, January 2, 2013
Woman shot in the head
Woman shot in the head
Linda Burnett, 23, a resident of San Diego, was visiting her in-laws and while there went to a nearby supermarket to pick up some groceries.
Later, her husband noticed her sitting in her car in the driveway with the windows rolled up and with her eyes closed, with both hands behind the back of her head.
He became concerned and walked over to the car. He noticed that Linda's eyes were now open and she looked very strange. He asked her if she was okay, and Linda replied that she had been shot in the back of the head and had been holding her brains in for over an hour.
The husband called the paramedics, who broke into the car because the doors were locked and Linda refused to remove her hands from her head.
When they finally got in, they found that Linda had a wad of bread dough on the back of her head. A Pillsbury biscuit canister had exploded from the heat, making a loud noise that sounded like a gunshot, and the wad of dough hit her in the back of her head. When she reached back to find out what it was, she felt the dough and thought it was her brains. She initially passed out, but quickly recovered.
Linda is blonde, a Democrat and an Obama supporter, but that could all be a coincidence.
Linda Burnett, 23, a resident of San Diego, was visiting her in-laws and while there went to a nearby supermarket to pick up some groceries.
Later, her husband noticed her sitting in her car in the driveway with the windows rolled up and with her eyes closed, with both hands behind the back of her head.
He became concerned and walked over to the car. He noticed that Linda's eyes were now open and she looked very strange. He asked her if she was okay, and Linda replied that she had been shot in the back of the head and had been holding her brains in for over an hour.
The husband called the paramedics, who broke into the car because the doors were locked and Linda refused to remove her hands from her head.
When they finally got in, they found that Linda had a wad of bread dough on the back of her head. A Pillsbury biscuit canister had exploded from the heat, making a loud noise that sounded like a gunshot, and the wad of dough hit her in the back of her head. When she reached back to find out what it was, she felt the dough and thought it was her brains. She initially passed out, but quickly recovered.
Linda is blonde, a Democrat and an Obama supporter, but that could all be a coincidence.
Wednesday, August 15, 2012
Saturday, May 21, 2011
5 Things You Should Be Careful About When Using Facebook!
5 Things You Should Be Careful About When Using Facebook!
Facebook, the world’s biggest social network, was launched a mere 6 years ago in United States of America by a group of Harvard students and until early 2006, this social network was virtually unknown in Pakistan. Pakistani nation was glued to other social networks including Orkut and Hi5 but there was not Facebook. The world’s biggest social network Facebook started gaining a slow but firm momentum from late 2006 and since then it has added more than 2 Million users! Pakistan is also 41st biggest user of Facebook! According to some statistics Pakistani youth (age 18 to 24) is the biggest user base of this giant social network.
It is also worth mentioning that Pakistani Facebook user base is growing at an average rate of 20 – 35% and this is despite of the fact that Facebook was banned by Pakistani government last month and this social network’s popularity has decreased. So it can be safely assumed that in next 10 to 15 years more than 90% of online Pakistan in general and Pakistani youth in particular would have their presence on Facebook.
So here are 5 simple things you should be careful about when using Facebook!
Be Careful About What You Post
We all post all sorts of stuff on Facebook. It could be a simple Facebook profile status, a web link, a photo, a video or even comments of other people’s posts! You should always keep one thing in mind that whatever you posted or have uploaded on Facebook is NOT PRIVATE. People, especially youngsters, post (comments and pictures including) many “objectionable material” on Facebook which can be pulled out many years later.
Be Careful When Adding Friends
The main purpose of any social network is to have a social interaction and a major part of this interaction may result in you adding different people as friends. You should be very careful when adding someone as a friend because you never know that the person you are adding might have “bad intentions” or might want to add you as a friend so that he/she may gain access to your information which can later be used in many ways.
Be Careful About Using Applications on Facebook
Facebook has hundreds of thousands of applications and millions of application users. These applications, or apps, range from simple “social interview” to highly enticing games. Almost all of these apps on Facebook require you to grant them “extended access” to your Facebook profiles and once you grant them the required access, these apps can access all of your data even including your “protected” data. There have been few cases registered in which hackers have gained access to profiles (later hacking some of the profiles) through such applications. It is also worth mentioning that most of the Facebook applications are not even developed by the Facebook! So if you fall into any of such scams, there is no way out!
Be Careful About Joining Facebook Groups & Before You “Like” Or Even Reporting A Fan Page
Yes, this is actually very serious! You should be very careful about what groups you join on Facebook! This may sound being very “hyper sensitive” about your FB profile but there have been many cases in which people have been fired from their jobs just because they had joined “objectionable” groups on Facebook. There are reports of Australian visa being refused to a Pakistani student just because he had created a fan page named “Al-Qaeda” (fan page was later removed). That student must have though that he lived in a “free world” where he could just say “anything about anything” but he forgot that the freedom of expression is still not fully free.
I am sure that you must know someone whose Facebook account was deleted by Facebook team just because he/she had been posting excessive material against a particular religion. You should avoid posting “offensive” or “sensitive” material. I know many cases in which people got their Facebook accounts deleted by the Facebook just because they had reported many anti-Islamic fan pages. If you have any report to make against any fan page, report it once or twice (max) and add a description as to why are you reporting against fan page. DO NOT keep on reporting against one single page as this could get your account blocked or deleted.
Be Careful About Sharing Your Information On Facebook
Okay, we understand that you need to be on the Facebook to stay connected with your peers, friends and family. And yes, we know that deleting your Facebook account in order to safeguard your web profile is not a good solution. So the best known solution of staying connected through Facebook and not having your information leaked to unwanted people is to have your Facebook privacy settings in placed. You think this is a lame solution? We agree. This is not so cool sci-fi way of solving the privacy issue but unfortunately there is no alternative! If you want to keep your FB profile up then you got to resort to Facebook’s private setting! Facebook offers your highly customizable privacy setting which can be separately applied to many components.
Remember: You must not allow the “strangers” to view your private photos, your phone numbers, your address etc. And DO NOT share your login and password with anybody!
Facebook, the world’s biggest social network, was launched a mere 6 years ago in United States of America by a group of Harvard students and until early 2006, this social network was virtually unknown in Pakistan. Pakistani nation was glued to other social networks including Orkut and Hi5 but there was not Facebook. The world’s biggest social network Facebook started gaining a slow but firm momentum from late 2006 and since then it has added more than 2 Million users! Pakistan is also 41st biggest user of Facebook! According to some statistics Pakistani youth (age 18 to 24) is the biggest user base of this giant social network.
It is also worth mentioning that Pakistani Facebook user base is growing at an average rate of 20 – 35% and this is despite of the fact that Facebook was banned by Pakistani government last month and this social network’s popularity has decreased. So it can be safely assumed that in next 10 to 15 years more than 90% of online Pakistan in general and Pakistani youth in particular would have their presence on Facebook.
So here are 5 simple things you should be careful about when using Facebook!
Be Careful About What You Post
We all post all sorts of stuff on Facebook. It could be a simple Facebook profile status, a web link, a photo, a video or even comments of other people’s posts! You should always keep one thing in mind that whatever you posted or have uploaded on Facebook is NOT PRIVATE. People, especially youngsters, post (comments and pictures including) many “objectionable material” on Facebook which can be pulled out many years later.
Be Careful When Adding Friends
The main purpose of any social network is to have a social interaction and a major part of this interaction may result in you adding different people as friends. You should be very careful when adding someone as a friend because you never know that the person you are adding might have “bad intentions” or might want to add you as a friend so that he/she may gain access to your information which can later be used in many ways.
Be Careful About Using Applications on Facebook
Facebook has hundreds of thousands of applications and millions of application users. These applications, or apps, range from simple “social interview” to highly enticing games. Almost all of these apps on Facebook require you to grant them “extended access” to your Facebook profiles and once you grant them the required access, these apps can access all of your data even including your “protected” data. There have been few cases registered in which hackers have gained access to profiles (later hacking some of the profiles) through such applications. It is also worth mentioning that most of the Facebook applications are not even developed by the Facebook! So if you fall into any of such scams, there is no way out!
Be Careful About Joining Facebook Groups & Before You “Like” Or Even Reporting A Fan Page
Yes, this is actually very serious! You should be very careful about what groups you join on Facebook! This may sound being very “hyper sensitive” about your FB profile but there have been many cases in which people have been fired from their jobs just because they had joined “objectionable” groups on Facebook. There are reports of Australian visa being refused to a Pakistani student just because he had created a fan page named “Al-Qaeda” (fan page was later removed). That student must have though that he lived in a “free world” where he could just say “anything about anything” but he forgot that the freedom of expression is still not fully free.
I am sure that you must know someone whose Facebook account was deleted by Facebook team just because he/she had been posting excessive material against a particular religion. You should avoid posting “offensive” or “sensitive” material. I know many cases in which people got their Facebook accounts deleted by the Facebook just because they had reported many anti-Islamic fan pages. If you have any report to make against any fan page, report it once or twice (max) and add a description as to why are you reporting against fan page. DO NOT keep on reporting against one single page as this could get your account blocked or deleted.
Be Careful About Sharing Your Information On Facebook
Okay, we understand that you need to be on the Facebook to stay connected with your peers, friends and family. And yes, we know that deleting your Facebook account in order to safeguard your web profile is not a good solution. So the best known solution of staying connected through Facebook and not having your information leaked to unwanted people is to have your Facebook privacy settings in placed. You think this is a lame solution? We agree. This is not so cool sci-fi way of solving the privacy issue but unfortunately there is no alternative! If you want to keep your FB profile up then you got to resort to Facebook’s private setting! Facebook offers your highly customizable privacy setting which can be separately applied to many components.
Remember: You must not allow the “strangers” to view your private photos, your phone numbers, your address etc. And DO NOT share your login and password with anybody!
Monday, April 11, 2011
Why a Donald Trump Presidency will Trump All
Why a Donald Trump Presidency will Trump All
Alan Dunn | Apr. 11, 2011, 1:28 AM
When it comes to choosing political parties I have been Democrat since the time I was allowed to vote. My family has different party affiliations and the people in my life choose one party over the other for reasons of their own. Ultimately no one forced me to become a Democrat, it just happened.
Under George W. Bush the Republican Party reminded me of exactly why I choose to be Democrat yet the Obama presidency has left me to wonder why I choose any party at all.
Politics may be very well about choosing a side and making sure the stars line up to have your side collectively come to a decision but when it comes to getting things done we need someone who has experience on the street, after all how worse can things get?
When the Yankees are down 3-1 in the 9th inning you can bet a designated hitter may be called up. Well, we are down 16 Trillion dollars so don’t you think it’s time to vote someone in office who has a hit home run or two?
Donald Trump may not be the best candidate for president however do we need another politician in charge or someone who is actually aware of the financial mess America is in and has a personal interest in making the country whole again?
Some of the most successful political and global leaders in the world have all come from men and women with entrepreneurial backgrounds yet in America we hardly ever ask questions about a political candidate’s actual experience and vote based on how they make you smile, what party they are affiliated with and more unrelated factors to the actual ability of the person to do the job.
"American no longer needs a figurehead – we need a designated hitter"
The only way to getting people more interested in politics is to bring somebody in we all want to be. There is not a single person in America who would not want to be a part of the Trump lifestyle and that alone will get people talking politics again.
The housing market is essentially gone in many areas of America, we are a bankrupt nation and the government was actually even talking about shutting down. Personal consumer bills like car insurance, gasoline, property tax and food all continue to escalate however unemployment is still at the highest levels in decades.
This is not the American Dream
So many people are having their own personal crisis they simply can’t get mad about the country’s financial mess. Sadly the reaction among many seems to be a common “of course we are in a mess” feeling but everybody goes on with their day since somewhere, someone will just create new credit for the government and life will go on as normal again. If only life was that easy for citizens and small business.
What is the Plan? Continued “prosperity” created by adding to a national debt? This bubble has already busted - The country needs to change.
Donald Trump is well known to everyone. He has had many public failures but every time rebounded with the glory we all wish we had. His successes are so well known that the Trump family name is not just a name but a brand of power, luxury and dreams.
If America, Inc. was part of the Trump family we certainly would not be as broke as we are today.
At the end of the day Donald Trump may be republican but he is also an undeniable leader, a respected businessman, a financial wizard and a global brand.
This time around it’s a wise decision to bet on the man, not on the party.
On the other hand, if Mr. Trump decides not to run I wouldn’t blame him either.
After all, who really wants to be in charge of this mess?
http://www.businessinsider.com/why-a-donald-trump-presidency-will-trump-all-2011-4
Alan Dunn | Apr. 11, 2011, 1:28 AM
When it comes to choosing political parties I have been Democrat since the time I was allowed to vote. My family has different party affiliations and the people in my life choose one party over the other for reasons of their own. Ultimately no one forced me to become a Democrat, it just happened.
Under George W. Bush the Republican Party reminded me of exactly why I choose to be Democrat yet the Obama presidency has left me to wonder why I choose any party at all.
Politics may be very well about choosing a side and making sure the stars line up to have your side collectively come to a decision but when it comes to getting things done we need someone who has experience on the street, after all how worse can things get?
When the Yankees are down 3-1 in the 9th inning you can bet a designated hitter may be called up. Well, we are down 16 Trillion dollars so don’t you think it’s time to vote someone in office who has a hit home run or two?
Donald Trump may not be the best candidate for president however do we need another politician in charge or someone who is actually aware of the financial mess America is in and has a personal interest in making the country whole again?
Some of the most successful political and global leaders in the world have all come from men and women with entrepreneurial backgrounds yet in America we hardly ever ask questions about a political candidate’s actual experience and vote based on how they make you smile, what party they are affiliated with and more unrelated factors to the actual ability of the person to do the job.
"American no longer needs a figurehead – we need a designated hitter"
The only way to getting people more interested in politics is to bring somebody in we all want to be. There is not a single person in America who would not want to be a part of the Trump lifestyle and that alone will get people talking politics again.
The housing market is essentially gone in many areas of America, we are a bankrupt nation and the government was actually even talking about shutting down. Personal consumer bills like car insurance, gasoline, property tax and food all continue to escalate however unemployment is still at the highest levels in decades.
This is not the American Dream
So many people are having their own personal crisis they simply can’t get mad about the country’s financial mess. Sadly the reaction among many seems to be a common “of course we are in a mess” feeling but everybody goes on with their day since somewhere, someone will just create new credit for the government and life will go on as normal again. If only life was that easy for citizens and small business.
What is the Plan? Continued “prosperity” created by adding to a national debt? This bubble has already busted - The country needs to change.
Donald Trump is well known to everyone. He has had many public failures but every time rebounded with the glory we all wish we had. His successes are so well known that the Trump family name is not just a name but a brand of power, luxury and dreams.
If America, Inc. was part of the Trump family we certainly would not be as broke as we are today.
At the end of the day Donald Trump may be republican but he is also an undeniable leader, a respected businessman, a financial wizard and a global brand.
This time around it’s a wise decision to bet on the man, not on the party.
On the other hand, if Mr. Trump decides not to run I wouldn’t blame him either.
After all, who really wants to be in charge of this mess?
http://www.businessinsider.com/why-a-donald-trump-presidency-will-trump-all-2011-4
Sorry, Fools, There's No Way Japan Will Default On Its Debt
Sorry, Fools, There's No Way Japan Will Default On Its Debt
Dean Baker, CEPR | Mar. 18, 2011, 7:15 AM
Dean Baker's title for this post is "Everyone Should Read Floyd Norris".
Floyd Norris has a good piece about how overconfidence in the ability to deal with risks led to both the financial crisis and the crisis with Japan's nuclear power plant. The piece makes the essential point that seems to have escaped great economic thinkers here, that there is no way Japan can default on its debt.
Even though Japan's debt is more than twice its GDP (about three times the size of the U.S. debt), there is no risk of default since its debt is in its own currency. In this way Japan is like the United States and the United Kingdom, and unlike Greece and Ireland.
In the worst case scenario, Japan or the United States would print lots of money and see inflation. Given that Japan has been flirting with deflation for almost two decades this doesn't seem like a plausible scenario, but in any case it is not the story of Greece being held at the mercy of the bond vigilantes who will not buy its debt.
The people who hold up Greece's crisis as a possible scenario for Japan and the United States deserve our contempt if they are deliberately misleading their audience or our empathy if their mistake lacks from their problems with understanding basic economics. However their arguments do not deserve serious consideration by people involved in policy debates.
http://www.businessinsider.com/everyone-should-read-floyd-norris-2011-3
Dean Baker, CEPR | Mar. 18, 2011, 7:15 AM
Dean Baker's title for this post is "Everyone Should Read Floyd Norris".
Floyd Norris has a good piece about how overconfidence in the ability to deal with risks led to both the financial crisis and the crisis with Japan's nuclear power plant. The piece makes the essential point that seems to have escaped great economic thinkers here, that there is no way Japan can default on its debt.
Even though Japan's debt is more than twice its GDP (about three times the size of the U.S. debt), there is no risk of default since its debt is in its own currency. In this way Japan is like the United States and the United Kingdom, and unlike Greece and Ireland.
In the worst case scenario, Japan or the United States would print lots of money and see inflation. Given that Japan has been flirting with deflation for almost two decades this doesn't seem like a plausible scenario, but in any case it is not the story of Greece being held at the mercy of the bond vigilantes who will not buy its debt.
The people who hold up Greece's crisis as a possible scenario for Japan and the United States deserve our contempt if they are deliberately misleading their audience or our empathy if their mistake lacks from their problems with understanding basic economics. However their arguments do not deserve serious consideration by people involved in policy debates.
http://www.businessinsider.com/everyone-should-read-floyd-norris-2011-3
Wednesday, December 2, 2009
U.S. Downturn Dragging World Into Recession
U.S. Downturn Dragging World Into Recession
Report Says Global Economy Will Shrink for First Time Since 1940s
By Anthony Faiola
Washington Post Staff Writer
Monday, March 9, 2009
Source: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/08/AR2009030801216.html
The World Bank also cautioned that the cost of helping poorer nations in crisis would exceed the current financial resources of multilateral lenders. Such aid could prove critical to political stability as concerns mount over unrest in poorer nations, particularly in Eastern Europe, generated by their sharp reversal of fortunes as private investment evaporates and global trade collapses.
In its report, released ahead of a major summit of finance ministers in London this week, the World Bank called on developed nations struggling with their own economic routs to dedicate 0.7 percent of the money they spend on stimulus programs toward a new Vulnerability Fund to help developing countries.
The report predicted that the global economy will shrink this year for the first time since the 1940s, reducing earlier estimates that emerging markets would propel the world to positive growth even as the United States, Europe and Japan tanked. The dire prediction underscored what many are calling a mounting crisis within a crisis, as the downturn that started in the wealthy nations of the West washes over developing countries through a pullback in investment, trade and credit. Despite the United States' position as the epicenter of the crisis, investors are flocking to U.S. Treasury bills and the dollar, squeezing developing nations out of global credit markets.
"We need to react in real time to a growing crisis that is hurting people in developing countries," World Bank President Robert B. Zoellick said in a statement. Action is needed by governments and multilateral lenders "to avoid social and political unrest," he said.
The report said that 94 out of 116 developing countries have been hit by economic slowdowns. The World Bank projected that the economic crisis will push around 46 million people into poverty in 2009 through job and wage cuts, as well as declining flows of remittances, the money that foreign workers send to their families. Net private capital flows to emerging markets are plunging, set to fall to $165 billion this year -- or 17 percent of their 2007 levels. Falling demand in the West is sparking the sharpest drop in world trade in 80 years, sending sales of the products and commodities of poorer nations spiraling down, the report said.
That decline is touching off a wave of job losses. Cambodia has lost 30,000 jobs in the garment industry. In India, more than half a million jobs vanished in the last three months of 2008, including cuts in the gem, jewelry, auto and textile industries, according to the World Bank.
As a result, the report estimates that at least 98 countries may have problems financing at least $268 billion in public and private debt this year. It noted a worsening in market conditions could raise that figure as high as $700 billion. Additionally, only one quarter of vulnerable developing countries, the World Bank said, have the ability to launch their own stimulus programs or to independently finance measures such as job-creation or safety-net programs.
To help them, multilateral lenders will need to dig deep. The World Bank remains well financed and is positioned to almost triple spending to $35 billion this year. But it warned the scope of the need in the developing world will exceed the combined ability of major multilateral lenders, and it called on governments in major nations and the private sector to pitch in more.
For instance, its sister organization, the International Monetary Fund, recently received $100 billion more from Japan but is still asking more affluent nations to come up with an additional $150 billion to replenish its rapidly diminishing funds. While the World Bank aims to reduce global poverty largely through long-term projects in the developing world, the IMF is charged with offering bigger, more immediate bailouts to countries on the verge of economic collapse. The list of countries fitting that description has soared in recent months.
In November alone, the IMF parceled out $50 billion to nations in crisis -- the most the institution has ever spent in a single month. With more nations, particularly in Eastern Europe and Central Asia, facing serious trouble, the IMF is preparing to hand out tens of billions more. It is hoping to raise more funds from Western nations and other cash-rich countries such as China and those in the Middle East.
The concern now, however, is that the scope of the crisis may be so vast that even an extra $150 billion may not enough. Some fear that nations in Western Europe such as Austria, Ireland and Spain -- believed to have graduated from IMF lifelines decades ago -- may soon require bailouts, taking funds that would have been spent on poorer nations. It could also prove difficult to raise more money from hard-hit countries including the United States and Britain, where politicians and citizens may decide that charity begins at home.
"I'm worried about what happens when you see that a Greece or an Ireland that might need bailouts," said Simon Johnson, an MIT economics professor and former IMF chief economist. "Where is the money going to come from?"
Report Says Global Economy Will Shrink for First Time Since 1940s
By Anthony Faiola
Washington Post Staff Writer
Monday, March 9, 2009
Source: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/08/AR2009030801216.html
The World Bank also cautioned that the cost of helping poorer nations in crisis would exceed the current financial resources of multilateral lenders. Such aid could prove critical to political stability as concerns mount over unrest in poorer nations, particularly in Eastern Europe, generated by their sharp reversal of fortunes as private investment evaporates and global trade collapses.
In its report, released ahead of a major summit of finance ministers in London this week, the World Bank called on developed nations struggling with their own economic routs to dedicate 0.7 percent of the money they spend on stimulus programs toward a new Vulnerability Fund to help developing countries.
The report predicted that the global economy will shrink this year for the first time since the 1940s, reducing earlier estimates that emerging markets would propel the world to positive growth even as the United States, Europe and Japan tanked. The dire prediction underscored what many are calling a mounting crisis within a crisis, as the downturn that started in the wealthy nations of the West washes over developing countries through a pullback in investment, trade and credit. Despite the United States' position as the epicenter of the crisis, investors are flocking to U.S. Treasury bills and the dollar, squeezing developing nations out of global credit markets.
"We need to react in real time to a growing crisis that is hurting people in developing countries," World Bank President Robert B. Zoellick said in a statement. Action is needed by governments and multilateral lenders "to avoid social and political unrest," he said.
The report said that 94 out of 116 developing countries have been hit by economic slowdowns. The World Bank projected that the economic crisis will push around 46 million people into poverty in 2009 through job and wage cuts, as well as declining flows of remittances, the money that foreign workers send to their families. Net private capital flows to emerging markets are plunging, set to fall to $165 billion this year -- or 17 percent of their 2007 levels. Falling demand in the West is sparking the sharpest drop in world trade in 80 years, sending sales of the products and commodities of poorer nations spiraling down, the report said.
That decline is touching off a wave of job losses. Cambodia has lost 30,000 jobs in the garment industry. In India, more than half a million jobs vanished in the last three months of 2008, including cuts in the gem, jewelry, auto and textile industries, according to the World Bank.
As a result, the report estimates that at least 98 countries may have problems financing at least $268 billion in public and private debt this year. It noted a worsening in market conditions could raise that figure as high as $700 billion. Additionally, only one quarter of vulnerable developing countries, the World Bank said, have the ability to launch their own stimulus programs or to independently finance measures such as job-creation or safety-net programs.
To help them, multilateral lenders will need to dig deep. The World Bank remains well financed and is positioned to almost triple spending to $35 billion this year. But it warned the scope of the need in the developing world will exceed the combined ability of major multilateral lenders, and it called on governments in major nations and the private sector to pitch in more.
For instance, its sister organization, the International Monetary Fund, recently received $100 billion more from Japan but is still asking more affluent nations to come up with an additional $150 billion to replenish its rapidly diminishing funds. While the World Bank aims to reduce global poverty largely through long-term projects in the developing world, the IMF is charged with offering bigger, more immediate bailouts to countries on the verge of economic collapse. The list of countries fitting that description has soared in recent months.
In November alone, the IMF parceled out $50 billion to nations in crisis -- the most the institution has ever spent in a single month. With more nations, particularly in Eastern Europe and Central Asia, facing serious trouble, the IMF is preparing to hand out tens of billions more. It is hoping to raise more funds from Western nations and other cash-rich countries such as China and those in the Middle East.
The concern now, however, is that the scope of the crisis may be so vast that even an extra $150 billion may not enough. Some fear that nations in Western Europe such as Austria, Ireland and Spain -- believed to have graduated from IMF lifelines decades ago -- may soon require bailouts, taking funds that would have been spent on poorer nations. It could also prove difficult to raise more money from hard-hit countries including the United States and Britain, where politicians and citizens may decide that charity begins at home.
"I'm worried about what happens when you see that a Greece or an Ireland that might need bailouts," said Simon Johnson, an MIT economics professor and former IMF chief economist. "Where is the money going to come from?"
Sunday, November 1, 2009
Revelation of Swiss bank accounts
Revelation of Swiss bank accounts
This is so shocking.... If black-money- deposits was an Olympics event..... India would have won a gold medal hands down. The second best Russia has 4 times lesser deposit. U..S. is not even there in the counting in top five!
India has more money in Swiss banks than all the other countries combined!
Recently, due to international pressure, the Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it.. Indian government is not asking for the details...... ..any marks for guessing why?
We need to start a movement to pressurize the government to do so! This is perhaps the only way, and a golden opportunity, to expose the high and mighty and weed out corruption!
Please read on.......and forward to all the honest Indians to...! ..like somebody is forwarding to you........and build a ground-swell of support for action!
Is India poor, who says? Ask the Swiss banks. With personal account deposit bank of $1,500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country's foreign debt, one needs to rethink if India is a poor country?
DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them.
1. This amount is about 13 times larger than the country's foreign debt.
2. With this amount 45 crore poor people can get Rs 1,00,000 each. This huge amount has been appropriated from the people of India by exploiting and betraying them. Once this huge amount of black money and property comes back to India , the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt.
3. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government..
4. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably.
Some 80,000 people travel to Switzerland every year, of which 25,000 travel very frequently. 'Obviously, these people won't be tourists. They must be travelling there for some other reason,' believes an official involved in tracking illegal money. And, clearly, he isn't referring to the commerce ministry bureaucrats who've been flitting in and out of Geneva ever since the World Trade Organization (WTO) negotiations went into a tailspin!
Just read the following details and note how these dishonest industrialists, scandalous politicians, corrupt officers, cricketers, film actors, illegal sex trade and protected wildlife operators, to name just a few, sucked this country's wealth and prosperity. This may be the picture of deposits in Swiss banks only. What about other international banks?
Black money in Swiss banks -- Swiss Banking Association report, 2006 details bank deposits in the territory of Switzerland by nationals of following countries:
TOP FIVE
1. INDIA $1,456 BILLION
2. RUSSIA $470 BILLION
3. U.K. $390 BILLION
4. UKRAINE $100 BILLION
5. CHINA $96 BILLION
( No wonder China beats us Economically – Their Politicians work for their country – our politicians work for themselves)
Now do the maths - India with $1,456 billion or $1.4 trillion has more money in Swiss banks than rest of the world combined. Public loot since 1947:
Can we bring back our money? It is one of the biggest loots witnessed by mankind -- the loot of the Aam Aadmi (common man) since 1947, by his brethren occupying public office. It has been orchestrated by politicians, bureaucrats and some businessmen.
The list is almost all-encompassing. No wonder, everyone in India loots with impunity and without any fear... What is even more depressing in that this ill-gotten wealth of ours has been stashed away abroad into secret bank accounts located in some of the world's best known tax havens? And to th! at extent the Indian economy has been stripped of its wealth. Ordinary Indians may not be exactly aware of how such secret accounts operate and what are the rules and regulations that go on to govern such tax havens.
However, one may well be aware of 'Swiss bank accounts,' the shorthand for murky dealings, secrecy and of course pilferage from developing countries into rich developed ones.
In fact, some finance experts and economists believe tax havens to be a conspiracy of the western world against the poor countries. By allowing the proliferation of tax havens in the twentieth century, the western world explicitly encourages the movement of scarce capital from the developing countries to the rich. In March 2005, the Tax Justice Network (TJN) published a research finding demonstrating that $11.5 trillion of personal wealth was held offshore by rich individuals across the globe.
The findings estimated that a large prop! ortion of this wealth was managed from some 70 tax havens. Further, augmenting these studies of TJN, Raymond Baker -- in his widely celebrated book titled ‘Capitalism’s Achilles Heel:
Dirty Money and How to Renew the Free Market System' -- estimates that at least $5 trillion have been shifted out of poorer countries to the West since the mid-1970.
It is further estimated by experts that one per cent of the world’s population holds more than 57 per cent of total global wealth, routing it invariably through these tax havens. How much of this is from India is anybody’s guess.
What is to be noted here is that most of the wealth of Indians parked in these tax havens is illegitimate money acquired through corrupt means. Naturally, the secrecy associated with the bank accounts in such places is central to the issue, not their low tax rates as the term 'tax havens’ suggests. Remember Bofors and how India could not trace the ultimate beneficiary of those transactions because! of the secrecy associated with these bank accounts?
This is so shocking.... If black-money- deposits was an Olympics event..... India would have won a gold medal hands down. The second best Russia has 4 times lesser deposit. U..S. is not even there in the counting in top five!
India has more money in Swiss banks than all the other countries combined!
Recently, due to international pressure, the Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it.. Indian government is not asking for the details...... ..any marks for guessing why?
We need to start a movement to pressurize the government to do so! This is perhaps the only way, and a golden opportunity, to expose the high and mighty and weed out corruption!
Please read on.......and forward to all the honest Indians to...! ..like somebody is forwarding to you........and build a ground-swell of support for action!
Is India poor, who says? Ask the Swiss banks. With personal account deposit bank of $1,500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country's foreign debt, one needs to rethink if India is a poor country?
DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them.
1. This amount is about 13 times larger than the country's foreign debt.
2. With this amount 45 crore poor people can get Rs 1,00,000 each. This huge amount has been appropriated from the people of India by exploiting and betraying them. Once this huge amount of black money and property comes back to India , the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt.
3. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government..
4. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably.
Some 80,000 people travel to Switzerland every year, of which 25,000 travel very frequently. 'Obviously, these people won't be tourists. They must be travelling there for some other reason,' believes an official involved in tracking illegal money. And, clearly, he isn't referring to the commerce ministry bureaucrats who've been flitting in and out of Geneva ever since the World Trade Organization (WTO) negotiations went into a tailspin!
Just read the following details and note how these dishonest industrialists, scandalous politicians, corrupt officers, cricketers, film actors, illegal sex trade and protected wildlife operators, to name just a few, sucked this country's wealth and prosperity. This may be the picture of deposits in Swiss banks only. What about other international banks?
Black money in Swiss banks -- Swiss Banking Association report, 2006 details bank deposits in the territory of Switzerland by nationals of following countries:
TOP FIVE
1. INDIA $1,456 BILLION
2. RUSSIA $470 BILLION
3. U.K. $390 BILLION
4. UKRAINE $100 BILLION
5. CHINA $96 BILLION
( No wonder China beats us Economically – Their Politicians work for their country – our politicians work for themselves)
Now do the maths - India with $1,456 billion or $1.4 trillion has more money in Swiss banks than rest of the world combined. Public loot since 1947:
Can we bring back our money? It is one of the biggest loots witnessed by mankind -- the loot of the Aam Aadmi (common man) since 1947, by his brethren occupying public office. It has been orchestrated by politicians, bureaucrats and some businessmen.
The list is almost all-encompassing. No wonder, everyone in India loots with impunity and without any fear... What is even more depressing in that this ill-gotten wealth of ours has been stashed away abroad into secret bank accounts located in some of the world's best known tax havens? And to th! at extent the Indian economy has been stripped of its wealth. Ordinary Indians may not be exactly aware of how such secret accounts operate and what are the rules and regulations that go on to govern such tax havens.
However, one may well be aware of 'Swiss bank accounts,' the shorthand for murky dealings, secrecy and of course pilferage from developing countries into rich developed ones.
In fact, some finance experts and economists believe tax havens to be a conspiracy of the western world against the poor countries. By allowing the proliferation of tax havens in the twentieth century, the western world explicitly encourages the movement of scarce capital from the developing countries to the rich. In March 2005, the Tax Justice Network (TJN) published a research finding demonstrating that $11.5 trillion of personal wealth was held offshore by rich individuals across the globe.
The findings estimated that a large prop! ortion of this wealth was managed from some 70 tax havens. Further, augmenting these studies of TJN, Raymond Baker -- in his widely celebrated book titled ‘Capitalism’s Achilles Heel:
Dirty Money and How to Renew the Free Market System' -- estimates that at least $5 trillion have been shifted out of poorer countries to the West since the mid-1970.
It is further estimated by experts that one per cent of the world’s population holds more than 57 per cent of total global wealth, routing it invariably through these tax havens. How much of this is from India is anybody’s guess.
What is to be noted here is that most of the wealth of Indians parked in these tax havens is illegitimate money acquired through corrupt means. Naturally, the secrecy associated with the bank accounts in such places is central to the issue, not their low tax rates as the term 'tax havens’ suggests. Remember Bofors and how India could not trace the ultimate beneficiary of those transactions because! of the secrecy associated with these bank accounts?
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