Manglish or Bahasa rojak. How can?
Posted by Kit in Defence, English, Mariam Mokhtar on Friday, 27 January 2012, 1:26 pm
Mariam Mokhtar | January 27, 2012
Free Malaysia Today
The inexcusable translation in our government departments is not just a question of lack of professionalism and education but, more importantly, of attitude, especially of those at the top.
Throughout Malaysia’s arms spending history, the government has forked out billions on defence procurement while millions more have allegedly been used for commissions and backhanders.
And yet the defence ministry does not see fit to apportion a tiny fraction of its massive budget on the services of a translator.
It cannot be a lack of funds or a scarcity of translators. Is it an aversion which started after one high-profile translator connected to a particular defence purchase met an untimely end?
When the Ministry of Defence (Mindef) posted its error-riddled translation on its English website to describe the dress code appropriate for staff, it received extraordinary attention on social networking sites like Facebook and Twitter.
The translations ranged from the painful sounding “Clothes that poke eye” to the more serious safety connotation of the “Malaysian Government take drastic measures to increase the level of any national security threat”.
Defence Minister Zahid Hamidi admitted that his ministry had utilised the free Google online translator. He subsequently ordered the site to be removed temporarily. It is easy to blame Google. Read the rest of this entry »
Renungan di angkasa
Posted by Kit in Education, university, Zairil Khir Johari on Friday, 27 January 2012, 1:18 pm
by Zairil Khir Johari
The Malaysian Insider
Jan 27, 2012
27 JAN — Sebaik sahaja enjin pesawat mula bergema tandanya bakal berlepas, saya terus memejamkan mata merenung perbualan di lapangan terbang sebentar tadi.
Semasa menunggu di balai perlepasan, saya telah terserempak dengan seorang sahabat lama keluarga. Walaupun sudah lama tidak berjumpa, masa tidak mengizinkan omongan panjang. Maka selepas bertanya khabar saya terus menjunam ke dalam topik yang sedang hangat dibicarakan umum.
“Memandangkan Pakcik pernah menjadi ahli lembaga pengarah Universiti Malaya, apakah pendapat Pakcik tentang beberapa insiden kebangkitan mahasiswa baru-baru ini dan tindakan tatatertib yang dikenakan ke atas mereka?”
Pesara yang bergelar Tan Sri itu terus tersenyum. “Saya bukan sahaja bekas ahli lembaga pengarah, saya juga seorang graduan UM! Tetapi untuk menjawab soalan kamu, saya amat mengesali suasana pendidikan tinggi di negara kita dewasa ini.”
Saya menoleh sekejap ke arah pintu perlepasan. Tiada aktiviti lagi. “Bagaimana tu?”
“Sebab di mana kita sepatutnya mendahului, kita sudah jauh ketinggalan, dalam segala aspek,” ujar Tan Sri yang selama 36 tahun telah mencurahkan khidmat bakti untuk tanahair. “Begini, kita bermula dari awal. Kita negara yang bernasib baik kerana telah mewarisi institusi-institusi yang matang. Itu tidak boleh dinafikan. Antara kuasa-kuasa imperialisme yang telah menakluki dunia semasa era kolonial, boleh dikatakan bahawa kuasa British adalah penjajah yang paling baik. Ataupun sekurang-kurangnya, yang paling kurang zalim. Setuju?” Read the rest of this entry »
S’gor MB is no threat to Islam
Mohd Ariff Sabri Aziz | January 27, 2012
Free Malaysia Today
Malay rights group Perkasa can say all it wants about Islam coming ‘under siege’ in Selangor, but the fact is it’s Umno’s ruinous actions which threaten Islam.
COMMENT
Is Selangor Menteri Besar Khalid Ibrahim a closet Christian evangelist? Is that why Perkasa is upset over him taking charge of Islam in the state, warning that “the faith of Islam, of Muslims is under siege in Selangor”?
Is Khalid not Islamic enough for Perkasa?
I believe placing Khalid in charge of Islamic affairs in Selangor is the best decision the Pakatan Rakyat government has made.
Despite Perkasa’s postulation that Khalid “lacks the religious credentials”, I believe he will lend the prestige and stature of the MB’s office to Islamic affairs.
Since he has managed the state financially well, he can keep a look-out on the zakat money, too.
So how is he a threat to Islam, as claimed by Perkasa? Khalid is no threat to Islam, Umno is. Read the rest of this entry »
Judiciary far from truly independent
Posted by Kit in Anwar Ibrahim, Judiciary, Najib Razak on Friday, 27 January 2012, 11:24 am
— Ronald Benjamin
The Malaysian Insider
Jan 27, 2012
JAN 27 — Since Anwar Ibrahim’s acquittal, political commentators and prominent intellectuals have made statements that the judiciary has shown independence. Prime Minister Najib Razak has said that the High Court decision is testimony that he has not interfered with the judiciary. Is the PM implying there was indeed interference before?
Is our judicial system built on such shaky grounds that it has to depend on the goodwill of a prime minister in office for its independence? While it is true recent cases such as the judgment on the Universities and University Colleges Act and the conviction of a prominent state politician have suggested the independence of the courts, these rare decisions do not make the judiciary independent.
One of the greatest truths in any meaningful reforms is the ability to dig deep beyond the surface to discover the root cause of the judicial rot and accepting the widespread perception that interference of judiciary may have occurred. The culprits must be nailed and remedial solutions must be found. Atonement must be shown for past mistakes, and we can then look forward to a lasting solution that would allow us to leap forward into a new era.
This requires honesty and truth seeking. Has our judiciary undertaken such soul searching in its quest to become truly independent? Some commentators have argued that over the years the judiciary has shown independence by taking action against both government leaders and opposition politicians and this by itself shows independence. But this argument is simplistic because the judicial process is not merely based on the judgment in a given case. The details of the process of justice itself, whether it meets the standards of natural justice and its ability to adhere to the supreme objective law of the constitution, are other major considerations. This is where the Malaysian judiciary system appears to have failed compared with other countries with a more well developed and independent judiciary. Read the rest of this entry »
Why patriotic Malaysians must unite as one and in loud and clear voice demand for a RCI into the RM336.64 million NFC/NFCorp “cattle condo” scandal
Posted by Kit in Auditor-General Report, Corruption, Najib Razak, Parliament on Friday, 27 January 2012, 10:50 am
Four things are clear.
First, that there is something very rotten about the RM336.64 million National Feedlot Centre (NFC)/National Feedlot Corporation (NFCorp) “cattle condo” scandal – what with a RM250 million soft loan at 2% interest to promote cattle production used to buy two units of luxury condominiums in Kuala Lumpur and another condominium in Singapore, purchase of land in Precinct 10 Putrajaya, close to a million ringgit expenditures on overseas trips and extraordinarily high salaries for the family members of Datuk Seri Shahrizat, Minister for Women, Family and Community Development.
Second, that very high-level personalities are involved whether in the scandal or in the decision-making process resulting in the scandal, and that the personalities who must clear themselves include not only Shahrizat but also the Prime Minister, Datuk Seri Najib Razak who was then Chairman of the Cabinet Committee on High Impact Projects which approved the NFC project in 2006, Deputy Prime Minister, Tan Sri Muhyiddin Yassin, who was then the Minister for Agriculture and Agro-Based Industries, Datuk Seri Nor Omar, current Minister for Agriculture and Agro-Based Industries, even the former Prime Minister, Tun Abdullah as well as the entire former Cabinet before the 12th General Elections on March 8, 2008.
Third, the initial reactions of the various authorities unanimously trying to avoid touching the NFC/NF Corp scandal with a “barge pole”, although the Auditor-General, Tan Sri Ambrin Buang signed off the Auditor-General’s Report 2010 on 8th July 2011 with copies sent to the various relevant authorities, including the Cabinet – which probably explains the irresponsible inactions for more than six months, the delayed presentation of the Auditor-General’s Report in Parliament on October 25 when it should have been tabled in Parliament more than three weeks earlier on the first day of the Budget Parliament on 3rd October; the initial five-month refusal of the Malaysian Anti-Corruption Commission (MACC) to investigate the scandal; the refusal of the Public Accounts Committee Chairman Datuk Seri Azmi Khalid to allow the PAC to conduct immediate and urgent investigations into the scandal although the PAC may cease to exist any time with the imminent dissolution of Parliament for the 13th General Elections and the continued refusal of the Prime Minister and the Deputy Prime Minister to agree to a Royal Commission of Inquiry into the scandal. Read the rest of this entry »
What makes New Zealand, Denmark, Finland, Sweden and others “cleaner” than most countries?
Posted by Kit in Corruption on Thursday, 26 January 2012, 9:05 pm
By Marie Chêne
Senior Research Coordinator
Transparency International
New Zealand, Denmark, Finland and Sweden have been consistently ranked at the top of the Corruption Perceptions Index and are perceived to be the least corrupt of all the countries surveyed.
They are not perfect – still falling short of the target 10 out of 10 on the index – but many still want to know about how these countries have managed to contain corruption.
Beside law enforcement, there is a broad consensus that fighting corruption involves public participation and transparency mechanisms such as disclosure of information.
Preliminary findings from upcoming country studies for Finland, Denmark and Sweden indicate that this “integrity system” function relatively well in these countries.
But what makes their “national integrity systems” more effective? Read the rest of this entry »
Instruct police to speed up NFCorp probe, ex-top cop tells Najib
Posted by Kit in Auditor-General Report, Corruption, Crime, Law & Order, Police on Thursday, 26 January 2012, 7:08 pm
By Yow Hong Chieh
The Malaysian Insider
Jan 26, 2012
KUALA LUMPUR, Jan 26 — Datuk Seri Najib Razak should use his powers as prime minister to expedite the probe into the National Feedlot Corporation (NFCorp), a former senior police officer said today.
Former city CID chief Datuk Mat Zain Ibrahim said Najib could instruct the police, graftbusters and the Attorney-General’s Chambers to finish investigating the scandal-hit livestock company within a fortnight.
“Straightforward criminal breach of trust cases like [NFCorp] need at most two weeks,” he said in a statement.
“If the PM says he can’t interfere in the investigation or decision to prosecute, that’s just a weak and childish excuse.”
Mat Zain pointed out that in 1998, then-Tun Dr Mahathir Mohamad had ordered him to quickly wrap up the high-profile investigation into Datuk Seri Anwar Ibrahim’s black eye, failing which a royal commission of inquiry (RCI) would be set up to look into the police force. Read the rest of this entry »
NUJ to govt: Don’t muzzle the press
Posted by Kit in Elections, Media, Parliament on Thursday, 26 January 2012, 7:01 pm
Patrick Lee | January 26, 2012
Free Malaysia Today
Let the media roam free during elections, the National Union of Journalists tells government.
PETALING JAYA: As the general election draws nearer, the National Union of Journalists (NUJ) has demanded that the government let go of its iron grip on the country’s media.
In a letter to Parliamentary Select Committee (PSC) on Electoral Reforms chairman Maximus Johnity Ongkili, NUJ general-secretary V Anbalagan listed a number of media-related proposals for the committee to consider.
Anbalagan claimed that these proposals –which included limiting the government’s control over the media – would ultimately create a level playing field for all political parties during the election.
“Journalists are to provide reliable information for everyone to take part in the democratic decision-making process. As such, it is the duty of the journalists to supply all individuals with diverse information for them to make decisions later,” he wrote.
Chief among the proposals was the setting up of a media monitoring committee, formed by the Election Commission (EC). Read the rest of this entry »
Most deplorable at Mohamad Salleh’s attempt at semantics when the RM336.64 million NFC/NFCorp scandal is not just a “mess” but “a terrible mess”
Posted by Kit in Auditor-General Report, Corruption on Thursday, 26 January 2012, 5:05 pm
It is most deplorable and the height of irresponsibility that at this late stage, after three months of continuous almost-dailyh adverse publicity, the family of Datuk Seri Shahrizat Abdul Jalil, the Minister for Women, Family and Community Development, is still trying to shirk accountability with her husband, Datuk Seri Mohamad Salleh Ismail, the chairman of National Foodlot Corporation (NFCorp) Chairman claiming that the Auditor-General had confused NFCorp, a private entity, with the National Foodlot Centre (NFC) which is owned by the Agriculture and Agro-based Industry Ministry.
The Auditor-General Tan Sri Ambrin Buang has not made any such mistake in his Federal Accounts Report 2010 and I am not aware that he had made any such admission in any subsequent statement.
Mohamad Salleh deserves public censure for his attempt at semantics to avoid accountability and responsibility when the RM336.64 million NFC scandal (which involves the NFCorp scandal) cries out for full disclosure and investigation, as the whole NFC/NFCorp scandal stinks, and is not just a “mess” (which the AG did not say) but a “terrible mess” (which the AG should have said)! Read the rest of this entry »
Najib and Muhyiddin should not be ignorant and contemptuous of Constitution and the law by exploiting the 3R cards of race, religion and Raja Melayu against DAP
Posted by Kit in Constitution, DAP, Muhyiddin Yassin, Najib Razak on Thursday, 26 January 2012, 3:44 pm
Last Saturday, when two young Malay professionals from Perak both of whom UiTM law graduates, Fairuz Azhan and Dyana Sofia announced joining the DAP, close on the heels of similar announcements by Hata Wahari, former President of National Union of Journalists (NUJ) and two wellknown bloggers Mohd Arif Sabri or known as Sokmongkok AK47 on the blogosphere and Aspan Alias, UMNO Youth leader Khairy Jamaluddin was sufficiently upset at Malays joining DAP as to come out with a public statement.
In the coming weeks, when more Malays, both young and old, join DAP in the struggle for a united, just, democratic and competitive Malaysia for all Malaysians, the Prime Minister and UMNO President, Datuk Seri Najib Razak and Deputy Prime Minister and Deputy UMNO President, Tan Sri Muhyiddin Yassin would be the next persons to be upset and shocked.
Let me inform the UMNO leaders that this is the tide of the times and no force in the world can stop more Malays joining up with other Malaysians from other ethnicities in DAP to build a common destiny as Malaysian citizens for future generations of Malaysians.
DAP has right from the beginning of our formation 46 years ago committed to the cause for all Malaysians, regardless of race, religion or region – the forerunner of the 1Malaysia policy promulgated by Najib when he became Prime Minister but which could not secure unanimous and unconditional support of his Cabinet and Barisan Nasional leadership after 33 months. Read the rest of this entry »
Mengapa saya pilih DAP
Posted by Kit in DAP, Lim Guan Eng, Penang on Thursday, 26 January 2012, 2:45 pm
– Oleh Fairuz Azhan
Roketkini
25 January 2012
25 JANUARI – Baru-baru ini satu sidang media telah diadakan di Ipoh untuk memperkenalkan saya dan saudari Dyana Sofya yang membuat keputusan untuk menyertai DAP.
Berita tentang kami sebagai dua orang graduan undang-undang dari UiTM menyertai DAP bagaikan telah mencetuskan fenomena dan pelbagai reaksi daripada pelbagai lapisan masyarakat am.
Bukan sahaja saya datang daripada sebuah universiti Bumiputera tetapi saya bersekolah di sebuah sekolah berasrama penuh Melayu di Ipoh yang cukup terkenal. Malah alma mater saya, Sekolah Tuanku Abdul Rahman dahulu dikenali sebagai MSS atau pun Malay Secondary School.
Saya bukanlah golongan orang Melayu yang ‘tak bersyukur’, malah sebaliknya. Segala pendedahan dan ilmu yang saya perolehi saya guna pakai untuk berfikir bagaimana untuk menambah baik keadaan di negara kita. Read the rest of this entry »
Khairy Jamaluddin: Musuh saudara dalam Umno, bukan DAP
— Aspan Alias
The Malaysian Insider
Jan 26, 2012
26 JAN — Khairy Jamaluddin, Ketua Pemuda Umno Malaysia, telah meminta DAP mengeluarkan senarai ahli-ahlinya dari kaum Melayu jika benar DAP sekarang sedang mendapat sokongan dari kaum Melayu. Khairy berkata setakat tiga orang Melayu yang menyertai DAP itu tidak melambangkan yang parti itu sudah diterima oleh orang Melayu. Saya tidak yakin kenapa penyertaan orang Melayu di akhir-akhir ini menjadi isu dari Sabah hingga ke Perlis.
Saya hanya hendak memberikan komen yang pendek terhadap cabaran Khairy ini dan saya rasa boleh memberikan jawapan kepada kenyataan Khairy itu kerana saya adalah salah seorang dari orang Melayu yang telah menyertai DAP baru-baru ini.
Untuk pengetahuan Khairy DAP tidak membuat pengasingan ahli-ahlinya mengikut bangsa dan agama. Di dalam borang permohonan menjadi ahli, tidak ada petak yang bertanyakan dari kaum apa pemohon-pemohon tersebut kerana sebagai sebuah parti yang memperjuangkan untuk semua tanpa mengira kaum dan budaya bangsa dan ethnik ahli-ahli tidak menjadi perkara penting. Read the rest of this entry »
Politik perkauman akhiri zamannya
Posted by Kit in DAP, Lim Guan Eng, PAS on Thursday, 26 January 2012, 2:22 pm
— Abd Shukur Harun
The Malaysian Insider
Jan 26, 2012
26 JAN — Tidak syak lagi bahawa generasi baru, malah sesetengah generasi lama juga, telah dengan jelas menolak politik perkauman. Dengan itu parti politik yang berasaskan kaum, atau tebal dengan perkauman sedang menghadapi zaman gelapnya.
Dengan itu, tidak mungkin lagi politik perkauman akan terus mendominasi iklim politik di Malaysia, justru golongan yang mendukung politik perkauman semakin merosot dan terus merosot.
DAP yang sejak puluhan tahun digambarkan oleh musuh politiknya sebagai parti perkauman Cina, kini berusaha keras memulihkan imejnya sebagai parti politik untuk semua kaum di Malayia. Usahanya itu sebanyak sedikit menampakkan hasil di mana sudah ada tokoh-tokoh Melayu yang menyertainya.
Keterlibatan tokoh Melayu itu mampu menonjolkan kesungguhan DAP untuk dilihat secara praktikal sebagai parti bukan perkauman. Tokoh terkini Melayu dalam DAP yang mula mengukir nama ialah seperti Zairil Khir Johari (anak Tan Sri Khir Johari), Prof Arifin Omar, Mohd Arif Sabri seorang blogger yang terkenal dengan nama samaran Sokmongkol AK 47, bekas Presiden Kesatuan Wartawan Malaysia (NUJ), Hatta Wahari dan mungkin ramai lagi yang sudah memasang niat untuk bersama DAP.
Ramai yakin untuk memastikan Melayu dilihat ada tempat dalam DAP, mereka akan diberi kedudukan tertentu untuk ditonjolkan sebagai tokoh Melayu dalam DAP.
Kalangan yang menyertai DAP ini sudah tentu mempunyai persepsi yang sama bahawa masa depan politik Malaysia bukanlah politik perkauman. Justru mereka melihat Pakatan Rakyat — di mana terdiri dari PAS, DAP dan PKR — mempunyai potensi yang sangat baik. Read the rest of this entry »
A Critique of the ETP (Part 2) – We won’t really be twice as rich in 2020
By Dr. Ong Kian Ming BSc (LSE), MPhil (Cantab), PhD (Duke)
Teh Chi--Chang, CFA, BSc (Warwick), MBA (Cantab)
Refsa | 25 January 2012
RM48,000 in 2020 is not real income. The ETP promises to double gross national income (GNI) per capita to RM48,000 by 2020 from RM23,700 in 2009. However, RM48,000 in 2020 will be worth a lot less than RM48,000 today, just like RM100 today buys a lot less than RM100 eight years ago, thanks to ever-rising prices. If Malaysians are really to be twice better off, nominal income must be RM64,000 by then, to compensate for the 2.8% per year inflation that PEMANDU expects.
Nothing transformational in the RM48,000 target. This target is for nominal income, which includes inflation, and not real income, which strips out inflation. Because of inflation, nominal GNI per capita growth averaged 8.2% from 2001-2010, whereas real GNI grew only 3.2%. At the historical average 8.2% per year growth rate, nominal incomes will exceed RM48,000 by 2018 anyway, with or without the ETP or PEMANDU.
PEMANDU and its expensive consultants cannot even get basic mathematics correct. If the income target is RM48,000, PEMANDU’s 6% real GNI growth rate and 2.8% inflation forecasts are wrong. If its growth and inflation forecasts are right, then the RM48,000 target is wrong – it should be RM54,145 in 2020, not RM48,000. Furthermore, key metrics of some EPPs – the investment value, GNI contribution and jobs created – are unavailable.
Read the rest of this entry »
Khazanah sold Proton for no profits?
Mohd Ariff Sabri Aziz | January 25, 2012
Free Malaysia Today
The ‘Che Det Consensus’ is an economy built around problem solving that is ‘practical’ only for the Malaysia’s business and Umno political elite.
COMMENT
I found it odd the statement from Khazanah Nasional Bhd that it didn’t make profit from its sale of Proton Holdings Bhd’s shares to DRB-Hicom Bhd. If no profits were made, why sell the shares?
Secondly, Khazanah’s statement can be construed as an admission that it was given a fait accompli – take this price and don’t ask any questions. In Malaysia, only one person can do that – the man who can walk on water – Dr Mahathir Mohamad.
I hope I can throw more light on the sale of Proton shares to DRB-Hicom. Were there any other bids besides DRB-Hicom presented to Khazanah?
Is Khazanah brave enough to publish the identity of all the bidders?
If it has the courage to do so, we shall not be surprised if the bidders were the Tengku Mahalil-Arumugam group, DRB-Hicom and Nazmi and company. And they all have only one master – Mahathir. Read the rest of this entry »
One Saturday with The Oracle of Syed Putera
— Sakmongkol AK47
The Malaysian Insider
Jan 25, 2012
JAN 25 — We are going to ignore the doomsday statements from Perkasa about Islam being threatened with Khalid in charge of Islam. How is Islam threatened? Khalid is a closet Christian evangelist? He is not Islamic enough? He can’t manage properly? It is more reasonable to assume Khalid can do a better job since he has managed Selangor financially better than previous BN MBs.
Islam is threatened simply because the majority of Umno members shy away from mosques and suraus. They don’t ‘prosper’ the masjids and suraus. They want positions as chairmen of suraus and masjid for the prestige but are sorely deficient and wanting when it comes to evangelical programmes.
But then that is the basic leadership philosophy of the majority of Umno people — positions without accountability and responsibility. Kedudukan mau, kerja tak mau.
They want to become boss of suraus or mosques, they want to become chairman of PTA even though they themselves are elementary educated. So on so forth. So when things go afoul, the answers are not difficult to identify and can immediately be found. They somehow originate from Umno.
The DAP people whom the majority are not Christians want to proselytise on Islam? This is the biggest gobbledygook thus far pedalled by Perkasa. Islam is under threat precisely because Umno has carried out ruinous business policies and economic predation that so impoverished the Malays leaving them vulnerable and seeking help from the inefficient Islamic bodies. If Malays convert then the fault lies firstly with the institutions charged with keeping the faith. Read the rest of this entry »
Auditor General forewarned that he would be destroying credibility of the sole national institution which had kept its reputation intact in past few decades if …
Posted by Kit in Auditor-General Report, Corruption, Parliament on Wednesday, 25 January 2012, 6:09 pm
The Auditor-General Tan Sri Ambrin Buang must be forewarned that he would be destroying the credibility of the sole national institution which had kept its reputation intact in the past few decades if he succumbed to improper pressures to “whitewash” the RM300 million “cattle condo” scandal, whether the National Feedlot Centre (NFC) or the National Feedlot Corporation (NFCorp).
The NFCorp chairman Datuk Seri Mohamad Salleh Ismail – husband of Woman, Family and Community Development Minister Datuk Seri Shahrizat Abdul Jalil – has claimed that the Auditor-General in his 2010 Report had confused NFCorp, a private entity, with the NFC, which is owned by the Agriculture and Agro-Based Industry Ministry.
Salleh said NFCorp is not the entity criticized in the Auditor-General’s Report for being “a mess”.
I have re-read the Auditor-General’s 2010 Report on the National Feedlot Centre (NFC) project and there is nothing to justify Salleh’s claim that the Auditor General had made the most elementary mistake of confusing the two entities, mistaking NFC for NFCorp or vice versa.
Salleh should not try to escape responsibility and accountability for the RM300 million NFC/NFCorp “cattle condo” on such a technical and ridiculous ground.
Buang is right when he clarified today that the word “mess” was never used by him to describe the National Feedlot Corporation (NFC), but was made by media reports on the Auditor-General’s criticisms on the NFC project, and very rightly so. Read the rest of this entry »
Saudi: no cash from emerging economies until given more clout
Posted by Kit in Finance, international economic crisis on Tuesday, 24 January 2012, 7:47 pm
By Andrew Torchia
Reuters
Mon, Jan 23 2012
RIYADH (Reuters) – Big emerging economies such as China, India and Saudi Arabia will not aid the West in its financial crisis unless they are given more influence in running the global economy, a senior figure from Saudi Arabia’s ruling establishment said on Monday.
“The financial crisis and great recession were born in the West, developed in the West yet hit hard throughout the world,” former Saudi intelligence chief Prince Turki al-Faisal said in a speech to a business conference in Riyadh.
He said this showed the need to give emerging economies more representation and more authority in global bodies such as the Group of 20 nations, a forum of the world’s major industrialized countries, and the Financial Stability Board (FSB), which discusses regulation of banks and financial markets.
So far, however, organizations such as the FSB “have yet to take these new realities into consideration,” while the G20 is making little headway in coordinating economic policymaking around the world, he said.
Big emerging economies’ lack of influence in international bodies reduces their willingness to contribute money to fight the global crisis, the prince warned.
The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone’s sovereign debt crisis. Read the rest of this entry »
Freedom works both ways, Faekah
Posted by Kit in Human Rights on Tuesday, 24 January 2012, 7:35 pm
— Yow Hong Chieh
The Malaysian Insider
Jan 24, 2012
JAN 24 — Pakatan Rakyat (PR) promotes equality for all, regardless of religion or race, and stronger civil liberties as the bedrock for a more modern, progressive Malaysia.
The pact says all basic rights enshrined in the Constitution will be upheld when it takes power, rights that Barisan Nasional (BN) has denied to the people on more than one occasion.
Among the fundamental rights that PR trumpets whenever it wishes to rally its supporters is the freedom of expression, freedom of association and freedom of movement.
But if the opposition believes in these freedoms, why is it we still see people like Faekah Husin, political secretary to Selangor Mentri Besar Tan Sri Khalid Ibrahim, proposing that the outspoken Datuk Ibrahim Ali be banned from the state for being a nuisance? Read the rest of this entry »
For its own sake, Greece needs to declare default
by Costas Lapavitsas
Sydney Morning Herald
January 25, 2012
The dreadful debt saga will only come to a close when Athens takes charge of its predicament, writes Costas Lapavitsas.
Negotiations to reduce Greek debt have been suspended after no agreement could be reached last week. At some point in the near future, Greece seems certain to default on its obligations. But the drama surrounding the talks in Athens, Berlin and Paris shows that there will be nothing co-operative about a Greek default. It is a ruthless contest dominated by the so-called troika: the European Union, the European Central Bank, and the International Monetary Fund.
At every turn, the interests and rights of people across Europe have been disregarded. Negotiations have proceeded in secrecy. Greece, whose government is led by an unelected central banker, is represented by a team of politicians and technocrats who have performed lamentably during the crisis. Those who are owed money by Greece have been represented by the Institute of International Finance, a self-styled mouthpiece for bankers.
The troika has accepted that Greek debt must be reduced to sustainable levels. However, it also wants the reduction to appear voluntary because, if the lenders were coerced, Greece would be declared in formal default, and banks and financial markets would be thrown into crisis. Read the rest of this entry »
