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Muslim Academy

Anti U.S. protests in Pakistan - 0 views

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    Series of protests took place all over the world and didn't spare Pakistan - Muslim country. Muslims around the country came up with huge anger and disappointment against the making of anti-Islam film. In many other parts of the world, protests captured huge attention of the international media as U.S. embassies were burnt and stormed. For instance, Egypt, Syria, Yemen etc. Muslims gathered in a great number and raised their voice against the making of the film. In some parts of the world, U.S. flag had been burnt and replaced with a black flag having words written on it as "There is no God but God, and Mohammad is his messenger" A small budget movie named "innocence of the Muslims" was made by an individual of California and put over the internet. This movie didn't get any attention until the subtitles were poste din Arabic and sent to the Egyptian journalists. Movie made humiliates the sentiments of the Muslims as it tried to shun the image of beloved Prophet (peace and blessings upon him). Movie made touches the themes of paedophilia and homosexuality. In Pakistan, security measured were tightened by the local police and made sure no violence hit and destroy U.S. embassy. Recently, violence hit the security of the U.S. embassies in many Muslim countries. Many U.S. embassies such as in Egypt, Libya, Yemen were stormed by the protestors greatly. The brazen attack on the U.S embassy also killed an American; the angry souls were tickled by "video linked to Florida pastor Terry Jones, whose public burning of the Koran in 2010 led to deadly protests in Afghanistan. The film reportedly mocks the prophet Muhammad." as per the sources.
Skeptical Debunker

In Past Decade, American Funds Created Most Wealth - Yahoo! News - 0 views

  • Morningstar determined that Janus and Putnam were the two largest "wealth destroyers" during the decade, losing $58 billion and $46 billion, respectively. "Janus and Putnam rode the growth wave more than anyone else," Kinnel says. "They had some very aggressive funds that put up big numbers that got huge inflows." After the tech bubble burst, the funds that were most heavily invested in these types of holdings experienced huge sell-offs, which made it difficult for these funds to attract inflows through the remainder of the decade. According to Morningstar, American Funds created about $191 million in wealth for investors during the decade, followed by Vanguard and Fidelity. Since American Funds generally employs a more value-oriented strategy, the firm was largely able to avert the first bear market of the decade. "The 2000 to 2002 bear market was all growth and tech, and American barely touched that, whereas they had lots of value, dividend payers, and bonds, which did very well," Kinnel says. Recently, the tables have turned for American. In 2009, it lost the most of any fund family (more than $25 billion). No fund family, including American, was able to avoid the bear market of 2008. The same strategy that allowed American to bypass most of the first bear market failed because many well-known dividend-paying companies, like big financial firms, experienced huge losses.
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    In a decade with two bear markets and lackluster returns for many investors, American Funds created the most wealth for investors, while Janus destroyed the most wealth, according to a survey released by Morningstar. For the survey, Morningstar looked at the 50 largest mutual fund families and their total net assets at the end of 1999. Then the fund tracker subtracted each fund company's total cash flows over the decade and deducted their total net assets at the end of 2009. Numbers were calculated in dollar terms so that any funds that were liquidated during the decade would also be included.
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    Get this! Mutual funds, where most American's have their 401Ks, IRAs, and retirement savings, performed pitifully in the "great economy" of the 2000's (brought to you by Republican deregulationists starting with Ronald Reagan). The "best" made $191 million (but lost $25 billion in 2009!), the worst lost around $50 billion! What a great way to transfer all that hard earned savings, mostly by the "little guy", from them to the Wall Street gamblers. Another socialistic Republican "redistribution of wealth" of the corporate criminal rich, by the corporate criminal rich, and for the corporate criminal rich.
Muslim Academy

What is Terrorism - 0 views

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    What is Terrorism Terrorism is the use of force and threats against individual people, groups, or governments, for political or other various purposes. Terrorism is not a modern activity. Hundreds of years ago, societies were not as organized as they are today with modern facilities like roads, telephone, regular police forces. Back then, heads of strong groups of people such robbers, and warriors made use of force and threats to life and property to achieve their aims. Now, terrorism itself is quite an organized activity. There are terrorist organizations and societies which train terrorists for their purposes. Sometimes these organizations are supported by foreign governments with huge funds and modern weapons.
Muslim Academy

Bilawal Bhutto in love with Hina Rabbani Khar? - 0 views

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    Time and again Pakistan has known by the violence in all sectors of its country. Be it wars or terrorism, Pakistan has always made high news on the world map. Recently, the rumor doing the round in Islamic country is the famous link-up between Pakistan President Asif Ali Zardari son Bilawal Bhutto is seeing Pakistan foreign minister Hina rabbani khar. World is aghast at knowing this news a sits nearly impossible to believe such thing. We have huge respect for both the parties and the age difference is apparent between them. Hina rabbani khar is 35 years old lady who is also married to a business man and has two daughters whereas Bilawal Bhutto zardari is 24 years old. We being Muslim should not indulge ourselves into the rumors doing rounds with anyone's personal life. The news was broken by a Bangladeshi tabloid that apparently claimed to have an ongoing Affair between the Pakistani foreign minister Hina Rabbani Khar and chairman of Pakistan people's party Bilawal Bhutto zardari.
thinkahol *

We can only cut debt by borrowing | Martin Wolf's Exchange | FT.com - 0 views

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    "You can't cut debt by borrowing." How often have you read or heard this comment from "austerians" (a nice variant on "Austrians"), who complain about the huge fiscal deficits that have followed the financial crisis? The obvious response is: so what?
thinkahol *

Dave Meslin: "Redefining Apathy" | CommonDreams.org - 0 views

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    Makes sense!  Of course this applies  to the U.S. as well as Canada.  Sometimes a fresh look and a little attitude change can make a huge difference.  I for one, have looked at people lately as "stupid" and " lazy."  It does make a difference to think of people as simply "shut-out," due to the media
Yee Sian Ng

The Much-Delayed Response To Goldblog - The Daily Dish | By Andrew Sullivan - 0 views

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    "I regard the establishment of the Jewish state as one of the West's high-points in the 20th Century. Like America's founding, it was not immaculate, and its survival has been a brutal struggle in which Israel has not been as innocent as some want to believe, but whose enemies' anti-Semitism and hatred is tangible and omnipresent and despicable. But the Palestinians' legitimate grievances are very real and utterly human and perfectly understandable. Israel, for its part, remains, in its own proper borders, a model state for that part of the world; its openness and democracy vastly exceed any neighboring regime's; it has made more of a tiny strip of land than most of its neighbors have of their vastly greater territory and resources put together. If I were Jewish, I'd be proud. But I'm not, and I can still admire a great deal. There is a huge amount to admire."
Yee Sian Ng

Empathy in short supply: Greece: not a simple fable about ants and crickets | The Econo... - 0 views

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    "Real, live Germans are not heartless ants, and the Greeks are not broke because they are giddy crickets who sing their summers away. Greece is a grown-up country with grown-up problems: rough, tough politics, and a lot of recent history, not all of it very nice. And it is precisely that recent history, and rough politics, that are at the core of Greece's fiscal woes today. Take the painful question of the huge public sector, and all those civil servants with jobs for life, and unusually generous retirement packages. The existence of those jobs for life is not a cultural quirk, in which Greek officials simply like coffee and backgammon too much to do any work. It is the end result of a brutal, multi-decade power struggle between the left and the right: a struggle that got people killed within living memory."
Omnipotent Poobah

A Nation Terrified by Terrorists - 0 views

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    Despite the snooping databases, huge intelligence aparatus, and two wars, terrorists slip through. They'll slip through if you fly naked and ban all luggage. Loons will be loons, but they're smart and invisible as needles in a worldwide haystack.
Skeptical Debunker

Switzerland Keeping the Secrets of Alleged Tax Evaders - Yahoo! News - 0 views

  • Pick a dictator, almost any dictator - Cuba's Fulgencio Batista, the Philippines' Ferdinand Marcos, Haiti's Papa and Baby Doc Duvalier, the Shah of Iran, Central African Republic Emperor Jean-BÉdel Bokassa - and they all have this in common: they allegedly stashed their loot in secret, numbered accounts in Swiss banks, safely guarded by the so-called Gnomes of Zurich. This association - of bank secrecy and crime - has been fed into the public's imagination by dozens of books and movies. It's a reputation that rankles the Swiss, who have a more benevolent view of their commitment to privacy - one that happens to extend to tax privacy. Don't ask, because we won't tell. But the dramatic federal investigation of Switzerland's UBS has blown the lid off bank secrecy - and revealed how Swiss banks abet tax evasion on a far more widespread, if more banal, level. Over the past two decades, these secret banking services have been peddled progressively downmarket - first to the lesser-known fabulously wealthy, then to just the wealthy; more recently, private bankers have been tripping over themselves soliciting business from doctors, lawyers and other folks who are what the biz generally calls "high net worth" individuals. "The IRS has been concerned for decades that a combination of a global economy, the Internet, offshore banking, was really going to take offshore tax evasion from the old so-called 'gentlemen's sport' to tax evasion for the masses," says Mark Matthews, a former deputy IRS commissioner and now a tax attorney with Morgan, Lewis & Bockius LLP.
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    The federal investigation into UBS, which led to a $780 million fine and an agreement to turn over the names of more than 4,450 suspected tax cheats, is now in tatters after Swiss courts ruled against the executive-branch deal. To get around it, a special law has been proposed to accomplish the handoff, but that may not get anywhere in the legislature either. One outcome is already known: tax evasion had become a key service of the Swiss economy, not some isolated event. "They have been outed completely because a very large chunk of their business has been shown to include people cheating on taxes," says Jack Blum, a tax-haven expert. Being "reasonably conservative," he estimates 30% of Swiss banking is related to tax evasion, a figure that jibes with recently released bank data. These revelations come as the financial meltdown has punched a huge hole in projected revenues for governments, which are suddenly a whole lot less tolerant of tax cheats. That's particularly true in Germany, whose wealthy account for a significant portion (at least 10%) of the $1.8 trillion in Swiss banking assets. That translates into hundreds of millions in lost revenue and is the reason the German Finance Minister recently thundered, "There's no future for bank secrecy. It's finished. Its time has run out." The Swiss are not going to be so easily convinced. The Swiss government has already warned that it will not cooperate with German authorities if they go ahead with plans to purchase purloined data about Germans with Swiss bank accounts.
thinkahol *

Biggest Financial Decision in 2011 Is European: Matthew Lynn - Bloomberg - 0 views

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    Europeans have grown accustomed to seeing government workers shut down their countries when provoked. At this time of huge deficits from Washington to the smallest towns, government workers in the U.S. also face significant cutbacks.
thinkahol *

Wisconsin Power Play - NYTimes.com - 0 views

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    Last week, in the face of protest demonstrations against Wisconsin's new union-busting governor, Scott Walker - demonstrations that continued through the weekend, with huge crowds on Saturday - Representative Paul Ryan made an unintentionally apt comparison: "It's like Cairo has moved to Madison."
thinkahol *

LRB · Stephen Holmes · Free-Marketeering - 0 views

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    The anti-globalisation movement suffered a dizzying setback on 9/11. Symbolic gatecrashing into the well-guarded meeting places of the super-rich suddenly seemed a much more sinister activity than before. Busting up branches of Starbucks and other Seattle-style antics became anathema in an atmosphere of injured and vindictive patriotism. But Naomi Klein, the combative theorist and publicist of anti-globalisation, was not about to accept such guilt by association. Her reply, The Shock Doctrine, deals with the corporate acquisitiveness that she sees as ravaging the planet and reformulates the ideas of the anti-globalisation and anti-corporate movements for a post-9/11 world. Klein believes she has found the answer to a question that has perplexed many on the left: if every modern American government has been a tool of powerful business interests, what, if anything, makes the Bush administration uniquely odious? Her answer is that the Bush administration draws its political support not from America's corporate class generally, but rather from a particular part of it: 'the sprawling disaster capitalism complex'. She has in mind the companies that reap huge profits from catastrophes, both man-made and natural. They include defence contractors, arms dealers, high-tech security firms, the oil and gas sectors, construction companies, private healthcare firms and so on. Not exactly ambulance-chasers, they are driving the ambulances themselves - for a profit. For the most part, they capitalise on emergencies rather than deliberately bringing them about. But the distinction is not always so clear: the stock price of Lockheed Martin, the world's largest defence contractor, almost tripled between 2003 and 2007 after a former vice president at the firm chaired a committee agitating for war with Iraq. The Iraq war was also 'the single most profitable event' in the history of Halliburton, whose former CEO, who still retains stock options, is Dick Cheney.
thinkahol *

VICTORY! Court Says Plaintiffs Can Challenge Bush Wiretapping Law » Blog of R... - 0 views

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    In a huge victory for privacy and the rule of law, a federal appeals court today reinstated our landmark lawsuit challenging the FISA Amendments Act (FAA), a statute that gives the executive branch virtually unchecked power to collect Americans' international e-mails and telephone calls.
thinkahol *

In a pure coincidence, Gaddafi impeded U.S. oil interests before the war - Glenn Greenw... - 0 views

  • As usual, the ideas stigmatized with the most potent taboos are the ones that are the most obviously true.
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    When the war in Libya began, the U.S. government convinced a large number of war supporters that we were there to achieve the very limited goal of creating a no-fly zone in Benghazi to protect civilians from air attacks, while President Obama specifically vowed that "broadening our military mission to include regime change would be a mistake."  This no-fly zone was created in the first week, yet now, almost three months later, the war drags on without any end in sight, and NATO is no longer even hiding what has long been obvious: that its real goal is exactly the one Obama vowed would not be pursued -- regime change through the use of military force.  We're in Libya to forcibly remove Gaddafi from power and replace him with a regime that we like better, i.e., one that is more accommodating to the interests of the West.  That's not even a debatable proposition at this point. What I suppose is debatable, in the most generous sense of that term, is our motive in doing this.  Why -- at a time when American political leaders feel compelled to advocate politically radioactive budget cuts to reduce the deficit and when polls show Americans solidly and increasingly opposed to the war -- would the U.S. Government continue to spend huge sums of money to fight this war?  Why is President Obama willing to endure self-evidently valid accusations -- even from his own Party -- that he's fighting an illegal war by brazenly flouting the requirements for Congressional approval?  Why would Defense Secretary Gates risk fissures by so angrily and publicly chiding NATO allies for failing to build more Freedom Bombs to devote to the war?  And why would we, to use the President's phrase, "stand idly by" while numerous other regimes -- including our close allies in Bahrain and Yemen and the one in Syria -- engage in attacks on their own people at least as heinous as those threatened by Gaddafi, yet be so devoted to targeting the Libyan leader?
thinkahol *

Why "business needs certainty" is destructive - Glenn Greenwald - Salon.com - 0 views

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    Businesses have had at least 25 to 30 years near complete certainty -- certainty that they will pay lower and lower taxes, that they' will face less and less regulation, that they can outsource to their hearts' content (which when it does produce savings, comes at a loss of control, increased business system rigidity, and loss of critical know how). They have also been certain that unions will be weak to powerless, that states and municipalities will give them huge subsidies to relocate, that boards of directors will put top executives on the up escalator for more and more compensation because director pay benefits from this cozy collusion, that the financial markets will always look to short term earnings no matter how dodgy the accounting, that the accounting firms will provide plenty of cover, that the SEC will never investigate anything more serious than insider trading (Enron being the exception that proved the rule). So this haranguing about certainty simply reveals how warped big commerce has become in the US. Top management of supposedly capitalist enterprises want a high degree of certainty in their own profits and pay. Rather than earn their returns the old fashioned way, by serving customers well, by innovating, by expanding into new markets, their 'certainty' amounts to being paid handsomely for doing things that carry no risk. But since risk and uncertainty are inherent to the human condition, what they instead have engaged in is a massive scheme of risk transfer, of increasing rewards to themselves to the long term detriment of their enterprises and ultimately society as a whole.
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