Loud Thinking

Archive for October, 2014

“I believe that everything happens for a reason. People change so that you can learn to let go, things go wrong so that you appreciate them when they’re right, you believe lies so you eventually learn to trust no one but yourself, and sometimes good things fall apart so better things can fall together.”

— Marilyn Monroe

Heartiest congratulations to Pakistanis and cricket lovers all over the world.

The performance of Pakistani cricket team in the 1st Test vs Australia was really something to sing about.

The comprehensive 221 runs win of the 6th ranked (Pakistani) team over the #1 ranked (Australian) team is a sort of coup (a highly successful, unexpected stroke, act, or move; a clever action or accomplishment).

By the Grace of Allah, this Test match victory is a very sweet gift on the 1st day of the Islamic New Year 1436 Hijri.

The secret of success of the Pakistani team, which defeated Australia with a huge margin of 221 runs, was the superb team work and much improved fielding and running, between the wickets.

Misbah ul Haq has beaten the year 1896 record of WG Grace, by becoming the oldest ever captain of a team which beat Australia.

Sharif brothers lie about no business with India: Mazari

ISLAMABAD- Central Information Secretary PTI, Dr Shireen Mazari today stated that once again the Sharif brothers have lied to the nation by claiming they have no business dealings with India.
Chairman PTI Imran Khan had stated in Gujrat that PM Sharif’s inexplicable silence over the Indian aggression and Indian PM’s hate-filled statements were a result of the Sharifs business deals with Indian business houses.
She said despite the Sharif brothers issuing a denial, the facts expose this as a brazen lie. Facts about one such deal between House of Sharif and India is as follows: Hussain Nawaz purchased an Induction Furnace from Inductotherm (India) pvt Ltd for $ 3.3 million, she added
She noted, “To conceal the payment, the money was transferred from Hill Metal Bank Account No 462-75201-4567892 Al-Rajhi Bank Jeddah to Chase Manhattan Bank for credit to Account number 001-1-406717.”
The Information Secretary further said from Chase Manhattan Bank the money was transferred to DDFC Bank, Navrang Pura Branch, Ahmedabad India – beneficiary Inductotherm (India) pvt ltd Gujarat India, Account No 00-62-000-7605. Mazari demanded to know how PM Sharif will explain away these facts and his denial which is now an established lie.

The only reason of the sudden ascendancy of the Pakistani cricket team, which to my mind is that the team is free, of any politics.

Australia is NOT in trouble. They are in DEEP trouble.

My comments on the below mentioned article: Quote.”Finally the time has come that the poor of this world can b… http://t.co/ihllyxmruI

My comments on the below mentioned article:

Quote.”Finally the time has come that the poor of this world can be better served by abandoning and shutting down the institutions like the World Bank and the IMF etc., which are not only useless but actually responsible for increased number of suicides in the debtor countries by creating more hunger(which in turn breeds terrorism), joblessness, environmental miseries and increasing the number of poor people on this planet.

And for the proof of what I am saying the book titled ‘Confessions of an economic hit man” by John Perkins, is the biggest testimony of the devastation caused by the World Bank and the IMF etc., in the third world countries.” Unquote.

The World Bank: Rebellion in ranks

October 15, 2014, 11:33 AM IST Seema Sirohi in Letter from Washington | India, World | ET

As rebellions go, the one currently simmering at the World Bank is essentially between the haves and have-mores. The plush building on H Street is Discontent Central and President Jim Yong Kim – the Marie Antoinette on the scene – is trying to contain angry employees.
The revolt burst into public view just as finance ministers and central bankers from around the world were descending on Washington last weekend for the annual World Bank-IMF meetings and getting ready to reduce everything from poverty, hunger, deficits, global warming to Ebola.
Kim managed to preside over the gathering but not before conceding to appear for a mini trial. Try as I might, I can’t find my bleeding heart to bleed for the cause of those who make upwards of $100,000 annually, travel first class and in the unkindest cut of all – pay no taxes. But let’s try to be “objective,” maintain the journalistic canard and examine the ferment. How the bank is governed is important for India as it is for others. Besides, India is the bank’s largest borrower of concessional funds.
The bank’s rank and file reached a tipping point when they learnt that Kim had given a bonus of $189,000 to his chief financial officer, Bertrand Badre, as price for unduly taxing Badre’s brain which was already working hard at a paltry salary of $379,000 a year.
Badre’s job was to come up with $400 million in cost-cutting measures through downsizing, salary slimming and restructuring. How delicious the irony that Badre, a French gentleman with the correct pedigree of Sorbonne and Ecole Nationale d’Administration whose job it was to eliminate other jobs, should be outed by another French man, Fabrice Houdart, a mere “senior country officer” for the Middle East. It was the 40-something Houdart who poured over data, found egregious misuse of privilege and Badre’s bonus.
Houdart, now a Che of sorts among followers, asked piercing questions on internal blogs. The people rose up. Already afraid they might be among the 10,000 employees to get Badre’s axe, the “masses” in “G” class, who form the bulk of the work force at salaries between $93,000 to $170,000, exchanged furtive e-mails, phone calls and forced the masters up in the “I” and “J” classes, who make anywhere between $280,000 to $300,000 to pay heed. Are you still with me? Kim was forced last week to call a town hall meeting given the unprecedented anger. A total of 8,000 bank employees either attended or live-streamed the event. The mood was surly, the questions blunt. By some accounts Kim was even booed when he tried to duck the hard balls.
The people wanted to know why there was no transparency in his down-sizing plans and why the hacker of jobs got a “scarce skills premium” (corporate jargon for bonus) while the worker bees were asked to tighten their belts. Why had the budget for 2015 still not been revealed?
In the two years as president, Kim has spent a whopping $12.5 million on outside consultants such as McKinsey, Deloitte and Booz Allen to tell him what to do and how to do it. The “it” being bank’s reorganisation, which, incidentally is the rollicking call every president, going back at least four, has made. The “people” at the bank question Kim’s choices – of Badre and the A to Z of consulting companies to restructure a development bank. “What do they know about development and the complexities of what we do?” an irate Banker asked. Insiders say that besides appointing the wrong outsiders, Kim also put the wrong insiders to manage the “change.” Monsieur Houdart, the sleuth, found examples of questionable behaviour at the top – private jets, misuse of travel benefits such as “rest stops” and frequent visits to home countries.
Others point out that some of the new “senior directors” Kim appointed after a “global search” were either lightweights or had allegations of corruption in their home countries. A Google search reveals interesting results on at least three.
In short, Mr President is clearly out of his depth. It’s a mess and not very different from the countries the bank so courageously tries to clean up. Intrigue, corruption, topdown management and low morale among workers who now have to pay for their own breakfast when traveling. Imagine.

AN INTRODUCTION TO THE “JEWISH PROTOCOLS”
Just a sample :- “We will force up wages, which, however, will be of no benefit to workers, for we at the same time will cause a rise in prices of prime necessities, pretending that this is due to the decline of agriculture and of cattle raising. We will also artfully and deeply undermine the sources of production by instilling in the workmen ideas of anarchy, and encourage them in the use of alcohol, at the same time taking measures to drive all the intellectual forces of the Gentiles from the land.”

Link for complete reading :- http://www.biblebelievers.org.au/ij_ch6.htm