privatise profits and socialise losses .. !!

Privatise profits and socialise losses !! The Bush Mantra ( not at all capitalist and open market mantra..) got a major set back today in the House of Reps. American lawmakers are not allowing its financial institutions which thrived on greed and foul play to survive, while policy makers want such foul practices to continue thrive on public money .. In a free market economy, market forces decide whether companies survive or die. If the government interferes to prop up selective companies, it is worse than socialism .. It is propping up immoral and inefficient companies working on the basal instincts of its top brasses, who will contiue such practices in future , putting the whole financial system at great risk. By resorting to such inefficient market intervention policies, it is only going to spell doom for an inefficient financial market not founded on strong financial fundamentals.. With the foundations itself shaking so badly, only a matter of time before the final crumble.. The law makers have done a good service to the country by rejecting the $700 billion bailout plan at the expense of the ordinary tax payer .. They can take other positive steps to bail out the economy, which has already started seeing the end of the day, though people are not wise enough to admit it will happen so early.. With the Dow Jones slipping 600 points, what is coming next ?? If international investors understand the futility of investing in a bubble economy like the US, and withdraw their money, it is end of the day for 300 million of the 6000 million inhabiting planet earth .. an insignificant and inconsequential event... Open up to market forces, do not be a cry baby .. Be bold to face the consequences.. Some day one has to own up for one's good and bad deeds and stop running behind mamma's petticoat .. Hope the House of Reps take some other steps to set right a tottering financial system from the rot it has found itself in.. ge..

Bush and Moanmohan Singh in Washington, Sept, 25, 2008..

Expecting the Indo US nuclear deal to be ratified House of Representatives, Dr Manmohan Singh is camping in US with an entourage from India ..

The House will take the matter for discussion on 26 September, 2008.

Mostly,  the deal is through.. US gets almopst $80 billion worth business from India because of this deal.

ge..

Equating political defections with religious conversons..

Political defections and religious conversions, an eternal debate .. Religion is a personal issue and every one has a right to his own religious beliefs .. Forcible conversions do not happen anywhere and if it happens it is a blot and needs to be immediately corrected.. Tribals and dalits have been suffering for centuries under the caste system. With the majority community in no mood to break away from it's strangulating grip over the lower classes, the only hope for them is to switch from one belief to another. Conversion to another belief gives them the sweet freedom to move away from the status quo of bondage, deprivation and penury. It helps them to break  free from the bondages of historical and societal injustice meted to their community over the years. The forward castes are in no mood and state of mind to understand and deplore the injustice existing in society. Instead of taking proactive steps to relese these people from the bondages of poverty and social deprivation, they wish to contnue to exercise their control over them. Politics is a clever and sharp arrow in their quiver for this purpose. They want the injustice resulting from the system to continue given its historical background, importance and heritage value. Orisss is one of the states with the largest instances of poverty deaths in India.The poor are being exploited so extensively, resulting in the dalits and tribals suffering the injustice silently. How long can one expect the suffering communities to take this insult, injustice and denial of self respect ? But politicians want it to continue. Under the allurements of a better standard of living free from exploitation and social deprivation and a definite salvation from this circle of penury and suffering after death, these people get converted to Budhist and Xian faith across the country. Just a natural response, given the support from the Indian constitution which gives the freedom for a person to follow any religion sans oppression and exploitation. The knowledge and understanding of the architect of the Indian constitution, Dr B R Ambedkar who framed the Indian Constitution, given the humiliation, trouble and suffering he had to undergo to do doctoral studies at one of the best Universities in the world, Princeton in US during early 1900s, is commendable.. The foresight of another great statesman, Pandit Nehru, to understand this great man and request him to frame the constitution which to this day is a role model for the world, forms the basis of Indian democratic processes of equality, liberty and fraternity, is equally commendable. Forcible reconversions are found to happen in areas where people have been converted to Xian faith. By force, people are being reconverted to a particular faith, which is wrong. Political conversions or defections, where the political representatives of the people and the people themselves defect to another line of political thought , under force is deplorable. If it is through allurements and convictons, can we prevent it ? Who can deny that politics is again a personal relationship betwen the individual and the state, like religion is between the individual and God.. As long as politicians continue to influence people and their conscience and convert them by allurements and conviction and as long as it is socially accepted, who can point fingers at religious conversions from one stream of belief to another ? Any statement in converse, would be devoid of any logic or reason. ge..

Attacks on Christians .. what a shame ..!!

I know many of my friends are feeling uncomfortable reading and watching the events unfolding during the past two weeks in the country. The cultured and civilized among us will really feel ashamed. The hatred and the resultant violence being propagated by Bajrang Dal against the Christian community is continuing without any restraint.  Without any proof of conversions, churches are being targetted .. This morning on Sunday, three chiurches in bangalore have been targetted.  Famed film director Mahesh Bhat was quoted as saying that prosletysation, is not an idea imported from the West, it is very much an Indian concept and has gone out from India. Budhism was the first religion from India to spread out and prosletyse millions to its fold. While the Indian constitution does give freedom to its citizens to practice any religion, no religion can forcefully convert people to it's fold. All religious conversions in this country starting with the Budhists and Christians have been happening with conviction than thru coercion. The question whether tribals are originally from any religion or not is still a point of contention among religious scholars. Targetting vote bank politics and in the name of creating communal hatred among the communtities, we are witnessing these days terror attacks by mobs on religious places  and terrorist bomb attacks at other places. Mob terror or bomb terror, which is more lethal  ?? Terroris attacks from anybody needs to be condemned. It is mob terror which finally leds to bomb terror.  Thanks to our opposition party and its fanatic ideology and also to its many followers in the country... Can this mob terrorism behind the saffron flag be classified as nationalism ?? Is that what the Sangh Parivar, the lunatic fringe of society is upto?? The sad part is that for their needs the same people who are attacking Xian institutions do not mind sending their kids or themselves to study  in Xian Institutions. ..  This is opportunism .. Bal Thackeray the old paper tiger from Mumbai is one such example ..  Hypocrites to the core ! The ordinary people who hold such feelings are not to be blamed as it is just natural given their low intelligence. The ordinary man is carried over by the speeches given by their leaders. These leaders are responsible for dividing society and creating rift among the people. It is these anti-social elements, who are the real anti social and anti-national elements.. The advisory from the Central Govt which has gone to the BJP ruled states to control such anti-social elements is enough indication that BJP is the real problem maker in the country and they are intent on creating communal tension in the country and want to divide the country on communal lines. They do not believe in the principle of unity in diversity, instead are hell bent on the concept of majoritarianism based on religion, community etc.. This fascist tendency is real dangerous and should be nipped in the bud itself.  The Gujarat Police was so dumb is tracking the culprits behind the 2002 Genocide but was very quick to offer all support in tracking the terrorists behind the recent blasts. What an irony ?? The double standards and lack of values of these keepers of societal conscience is just baffling.. The advisories of article 355 are a shame on the BJP govts and hope they take enough steps to rein in attacks on the Xian community who are silently suffering all the attacks, praying for good sense and reason to dawn on these communal elements.. The Xian community will only retort with love, care and compassion .. Throughout history it has been observed that Christianity has only grown from strength to strength with attacks and persecution. India cannot tolerate such lunatic elements creating trouble when we are actually marching to 2020 domination of the world with China. The country needs to rein them .. The demand from political parties to declare article 356 ( President's rule ) in Karnataka is just an indication of the bad publicity these elements have managed for the majority community. Attacking a peaceful community does not bade well for the majority community. It is not part of our great culture ... george ,,

Thank you, Bush, you do things better than Bin Laden ...!!

What Osama Bin Laden could not achieve for the US economy, Bush is showing the world that he can do it much better .. It is really difficult to understand why Americans are still tolerating this administration with very low IQ to comprehend events in its entirety .. Corporations with Indians at the helm have performed relatively stable and exercised great caution. More so reason to elevate Indians to high posts .. The influential Jewish community must have started realising that things do change with time.  With the fading away of influential Jewish pockets, Israel must have started feeling the heat .. Surely India and China are keenly observing events unfold .. The falling US dollar, falling oil prices, industrial growth pickup in India last month, all point to changing global equations in the coming years .. IT majors are looking to Europe and elsewhere to sustain their momentum .. Surely Bin Laden is having the last laugh !! (Sorry, I am not as patriotic as some of my friends on this list are, and I don't care.. ...) ge..

Lehman, Merill, goes down under.. Others waiting..

For 158 years, symbol of US capitalism, Lehman Brothers just went down under meekly without a murmur ..... It was a clear illustration of how greed, arrogance and pride can eat even the mighty of the Wall Street.  The CEO Richard Huld would be a lone person now, his arrogance and pride has paid off well.. !! Henry, Emmanuel and Mayer Lehman would never have thought that the merchant bank which they set up in 1850 would go up in smoke taking with it almost $650 billion, a crisis which was precipitated by the 9/11 bombings of WTC, the resultant sub-prime resulting from an exhortation to help rejuvenate the US economy and so on .. . But these banks gave the loans on doubtful credentials to unworthy individuals and the result is for everyone to see... Eating pride and hurt by the sub-prime crisis, Merill Lynch got itself rescued by Bank of America for $50 billion... just 25 % of its true asets.. I can understand the mental state of  the employees in these companies ... HP also has announced a major job cut of 25,000 internationally. Satyam in India announced job cuts of about 5000 last week. What will happen to the investments of Lehman and Lynch in India and other parts of the world. ?  The beginning of the end ?? Hopefully no and hopefully yes !! Greed and arrogance has to pay for itself finally... This incident could hurt FII investments in India and rest of the world. The flight of FII from the country has already pulled the Bombay Sensex by 300 points yesterday. The IT majors can expect tough times with low IT budgets for companies and hence low money in the making. Now Enron, Lehman, Merill Lynch, tomorrow Citi, BoA and so on.. The list could get interesting in the coming days .. Worth the wait .. ge..

CET Front view ..

College of Engineering Trivandrum, Kerala where I spent four of my most productive years of life.. eh 5 years, course lagging.. 1981-86 ...

ge..