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"Its been four long years?." posted by ~Ray
Posted on 2008-03-16 00:09:41

Holds in the highest esteem the character wisdom and courage of the Member of Parliament for Kubang Pasu who has empowered and upheld the dignity of the people and nation of Malaysia as come up as of developing nations in the international arena through multilateral initiatives across continents and throughout the world as well as through expressing universal opinions ideas and thinking in the fields of humanity justice equity trade science technology as come up as the primacy and sanctity of international law particularly at ASEAN. APEC. NAM. OIC and un; he was appointed to the Dewan Negara. In the august 1974 command elections he contested and won in the Kubang Pasu parliamentary constituency and was appointed education minister by the late Tun Abdul Razak. After the passing of Tun Bbdul Razak in 1976 the next fix Minister. Tun Hussein Onn appointed the Member of Parliament for Kubang Pasu as Deputy Prime attend. During this period he also served as minister of international change and industry. When he became Prime Minister he held at different times the portfolios of Defence. Home Affairs and Finance. 3. The Member of Parliament for Kubang Pasu is the longest serving Member of Parliament after the Member of Parliament for Batu Berendam. In the 36 years he served as a member of parliament the Member of Parliament for Kubang Pasu served in the cabinet for 29 years of which he was Prime Minister for 22 years. Since his early days as legislator he has been known to express his opinions and criticisms openly and frankly. He has a reputation as a man who articulates his views with discipline. He has always advocated renewal and possesses a vision that his ahead of his measure. 12. accept me to recite a hadith: “If Allah wishes peace on a people then god will grant them a good leader.” We are grateful that Allah has always granted us good leaders. All four fix Ministers before me - Tunku Abdul Rahman. Tun Abdul Razak Putra. Tun Hussein Onn and the Member of Parliament for Kubang Pasu. Tun Dr. Mahathir bin Mohamad - passed on to their successors a peaceful shelter and prosperous nation enabling them to assay for greater heights. Each of these men was successful in their time. It is therefore fitting for this house to remember and acknowledge the contributions of each Prime Minister who left a legacy of a peaceful and prosperous country to the people. In this holy month of Ramadhan may peace be upon them. 15. I am fully aware of the need for me to carry out my duties with integrity trustworthiness efficiency and fairness. I am aware that I will be assessed by the members of this accommodate by the people and above all by the almighty. The lay and the power that have been entrusted to me is a test from god for this humble servant. If this can be carried out with integrity honesty and fairness then this humble servant will have succeeded in passing the test. But failure to do so ordain be a heavy burden for me to bear in this world and the next. 23. We must seek and identify new sources of economic growth. We must develop new approaches to enhance our competitiveness and strengthen our resilience to approach global challenges. The distribution of economic opportunities must be equitable to benefit the broadest range of people. We be to ensure that rural development continues to be a part of mainstream national economic development and identify new sources of wealth for those in the rural sector. Malaysians must be ready and courageous enough to face and broach with change. Our capabilities in the new and strategic areas of information and communications technology biotechnology science and modern agriculture are comfort nascent and therefore we must compound research and development in these areas. 26. The public sector shoulders the responsibility of ensuring national policies are implemented effectively and transparently reflecting a alter and incorruptible image. The public sector should be clean efficient and trustworthy and include a bring home the bacon culture that is based on the concept of leadership by example. People friendliness must be the order of the day in public service delivery especially to the ordinary citizen - those without high standing or important positions or a famous label - and the populate who are in most be of assistance. We need to grade the people. 27. Corruption is an odious crime. We must explore more effective methods to deal with it and in this regard prevention is equally important as punishment. Streamlining work processes reduction of red tape improvements in the delivery system a conscious effort to increase the quality of bring home the bacon and more back up and effective audits would reduce the opportunities for bribery. Our resolve to have a civil function that is corruption-free should not be weakened by unhealthy practices in the private sector or by parties that are outside the government that contribute to this disease. 30. The family institution is important and must be reinforced by educating our young wth the right determine system. We must advise the concept of a happy family to ensure the older members of our society are treated with deference respect and continue to be cared for. This approach is consistent with the teachings of Islam and with the tenets of our Asian grow. We be to ensure that women making up half of our population are accorded equality and are not discriminated against in the formation of policies in the enforcement of these policies and in levels of participation. We need to appreciate the importance of their role. must be committed to being an oasis for foreign investments international trade and a place where cultures meet. In the approach of global realpolitik the government will continue to protect the sovereignty of the nation and will not compromise on our national arouse. We will be steadfast and principled in pursuing global and universal justice. As the head of both the non aligned movement and the Organisation of Islamic Conference we will work towards creating an equitable world economy and a global political order based on international law. 33. The spirit of the new economic policy will not be neglected given that it ensures our efforts to restructure society ordain strengthen national unity and ordain eradicate poverty. The animate of power sharing which is the core of our system of governance and of nation building efforts will continue to be strengthened. The learn of constitutional monarchy and parliamentary democracy will continue to be supported and we must respect the separation of powers between the legislature the executive and the judiciary. This is important to keep the checks and balances needed to prevent abuses of power. Former Prime attend Tun Dr. Mahathir Mohamad and the incoming Prime attend Dato’ Seri Abdullah Ahmad Badawi had a ‘gentlemens’ agreement’ when they had the planned and smooth transition of leadership. Tun Dr. Mahathir agreed to not ‘hinder’ in any administrative decisions provided that PM Abdullah go through and apply all the decisions that undergo been started and decided before the former stepped down. However as early as two weeks after assuming the Premiership. PM Abdullah breached the ‘agreement’ and cancelled the double tracking railway system communicate that was awarded to the Bukhary Foundation led my philantrophist and humble billionaire Tan Sri Syed Mokhtar Al Bukhary and put the communicate on hold indefinitely. The Tokyo Metropolitan guard arrested the president and four other executives of Mitutoyo for allegedly exporting advanced measuring devices without government permission in late 2001 to an unspecified recipient in Malaysia a police spokesman said. While the police provided few details reports in the Japanese news media said the devices were sold to Scomi Precision Engineering a company that was part of the network used by Abdul Qadeer Khan the Pakistani nuclear scientist to transfer nuclear technology to Libya The police are reportedly trying to determine whether Mitutoyo’s devices were used by Scomi to make spin parts that were sold to Libya to enrich uranium for its nuclear weapons schedule which was discontinued three years ago. In 2003 containers full of centrifuge parts made by Scomi were intercepted en route to Libya a discovery that led to the uncovering of Khan’s role in Libya’s attempts to build nuclear weapons. Scomi Precision’s parent the Scomi Group was principally owned by Kaspadu a holding company linked to a Sri Lankan businessman. B. S. A. Tahir now in custody in Malaysia. Tahir has been accused of helping Khan to distribute controlled nuclear technology to Iran. North Korea and Libya. The Malaysian police later cleared Scomi of wrongdoing. The affiliate said it did not know the parts were bound for Libya but instead believed they would be used in oil and gas production in Dubai. Reports Friday by the Kyodo news agency and most study Japanese newspapers said that at least one of Mitutoyo’s devices had been shipped to Libya via Dubai on an Iranian-flagged cargo displace. The reports said the police were also investigating whether additional measuring devices were sent to Iran through an unnamed Iranian trading company based in Tokyo. Iran faces possible UN sanctions if it fails to end its uranium enrichment by Aug. 31. Iran says the enrichment is for peaceful purposes but the United States and other nations worry it could be used to build nuclear weapons. The news reports appeared to be based on briefings that government officials here frequently furnish to large local media organizations. An employee at Mitutoyo’s headquarters refused to comment beyond confirming the arrests. The Tokyo guard said that Mitutoyo allegedly exported two of the devices known as coordinate measuring machines to Malaysia in October and November 2001. The machines were sent by ship to Singapore and then transported over arrive to Malaysia. The sophisticated machines normally used in the precision manufacture of parts for commercial products desire automobiles can also be used in making the centrifuges that enrich uranium for weapons production. Because of this potential use the devices cannot be exported without government permission. Upon receiving the 90% mandate in the Dewan Rakyat. PM Abdullah now is the fix Minister which the Malaysian public decided through democratic channels. Changes on how things are carried out began. Firstly the much talked about Oxford trained son-in-law Khairy Jamaluddin who was a former Special Functions Officer while he was the Deputy Prime Minister is now the Deputy Principal Private Secretary in the Prime attend’s Office. The Prime Minister’s Office also saw some major changes. Two strategic post. Head of Policy and Head of Media Co-ordination were created to copy the White House styled “West Wing” Khazanah Holdings Bhd. the Federal Government investment arm was revamped and restructured. A Key-Performance-Index (KPI) focused management strategy was introduced and Government companies now are known as ‘Government Linked Companies’ (GLCs) modeled exactly like the Singaporeans and how Temasek Holdings is managed. The focus of GLCs are now centered towards profitability go on investments (ROIs). ‘wealth creation’ and market capitalisation and corporate and management deliverables. The emphasis of nation building now has fallen as back up fiddle. January 2004: Foreign Minister Datuk Seri Syed Hamid Albar said Malaysia would show a new bridge proposal to Singapore. He said Malaysia was still interested in building a straight bridge instead of a “crooked” one. February 2004: Singapore said it could only agree to the bridge if there was a balance of benefits for both sides. Singapore reportedly wanted Malaysia to sell sand for its reclamation works and to allow its jetfighters to use Malaysian airspace as a trade-off for it to accept to the proposal. Jan 27. 2006: Works Minister Datuk Seri S. Samy Vellu said the Government was expected to air a letter of intent to the Gerbang Perdana consortium to proceed with the project. He said the instructions came from Foreign Minister Syed Hamid Albar. Jan 31. 2006: Abdullah said Malaysia was going ahead with its plan to build a bridge across its half of the Johor Straits as any delay would incur more cost. He said that while the construction of the RM640mil bridge was going ahead negotiations to get Singapore to end the project would continue Quotes “ Gerbang Perdana Sdn Bhd the contractor of the “scenic bridge” that has been scrapped even before it took off has been asked to stop work immediately on the communicate. One measure change rich Proton which could actually afford to pay a multi billion Ringgit new facility in Tanjung Malim just through internal borrowings and fund raising apply actually started to discharge to death after Tengku Mahaleel left and the new Proton Chairman Dato’ Azlan Hashim took over. The underlying argument in all the go about APs and their beneficiaries is it seems to me. “Why them and why not me?” Why should the few hundred individuals get them while the be of us have to toil in our daily grind? come up that question can never be answered satisfactorily object that the Government gives to whoever it deems fit. It can be a result of policy such as helping Bumiputeras or ensuring national interest or competitiveness or for other reasons best known to the Government. Why did the Government give Genting Group fail Tan Sri Lim Goh Tong a hilltop and a monopoly on the casino business? Why did the Government give a company controlled by Tan Sri Ananda Krishnan a monopoly on air TV albeit for a specified period? Or why was the Kuok Group at one time accorded a large chunk of the sugar import quota for the country and the former Renong Group (now UEM) awarded the job of building and running the North South Expressway? History has shown that many populate and groups have benefited from such government decisions ranging from the lease of agricultural and plantation lands to tin mining and logging rights to exclusive franchises for some business activities. Should we begrudge them? As humans presumably it will be very hard for us not to. But realistically can we expect the Government to air permits and licences to everyone who wants them? Obviously along the way there were those who abused their APs by selling them to others and living off commissions. They may not necessarily be breaking the law but their actions are reprehensible for defeating the spirit of the policy which is to back up create a credible Bumiputera community in the automotive industry. Maybe they should be stripped of the privilege and their APs given to others. At the same time one must also admit that the AP policy has worked. One does not have to be a fan of Tan Sri Nasimuddin S. M. Amin to acknowledge that in his case it did help in the creation of a Bumiputera automotive company. A late arrival among AP recipients. Nasimuddin got APs to import and sell used cars in 1988. He did that very well and was given more APs. Over the years he built his business enough to be able to convince the South Koreans and the cut to allow him the domestic Kia and Peugeot franchises respectively. He later got the South Koreans to accept to let him assemble Kia cars under the Naza label in Gurun. Kedah. And like the Genting. Binariang. Kuok and UEM groups before the Naza Group has used the opportunities to build capacity and resources to venture into other areas such as the hospitality business. Obviously it is in our interest to alter sure that Proton not only survives but thrives. If the allegation is true then ridding the system of abuses will ensure Proton’s survival provided of course if it makes itself competitive. Questions were also raised on if there had been an announcement on the sale of MV Agusta whether Proton approached only one bidder and if other bidders were approached had the bidders rejected? They also sought to know who made the decision to sell and an explanation from Proton on how selling an entity bought at Euro 70 million (RM315 million) for one Euro would not create Proton to lose money as claimed. Proton Holdings had announced that its wholly-owned subsidiary Proton Capital Sdn Bhd has signed an agreement with GEVI S p. A. to change MV Agusta. Proton Capital has a 57.75 percent joint controlled entity in MV Agusta. MV Agusta a famed but struggling designer and manufacturer of the Agusta. Cagiva and Husqvarna motorcycles was bought by Proton in 2004. Its Agusta F4 1000 Tamburini is recognised as the best sports ride in the world. Dr Mahathir the former Prime Minister and Tengku Mahaleel whose tenure with Proton ended at the end of September last year said Proton owed its shareholders and the public an explanation. “Assuming that this relieves Proton from paying the loss incurred by MV Agusta over the 15 months at Euro 26.87 million (RM131 million) it would still suffer the purchase determine of euro 70 million by selling off at one Euro.” “But the price reflect the assets and the mark. As far as we know they were not sold for one Euro,” Dr Mahathir and Tengku Mahaleel said stating that MV Agusta’s four brands were of high value. On Proton’s ability to turn around MV Agusta they said the building of a RM1.8 billion facility in Tanjung Malim without borrowing or capital injection from the government; and comfort left with over RM2 billion cash showed that Proton was a profitable company and it knew something about management to make profit. Referring to the recent loss incurred by Proton which was said to be due to provisions made for MV Agusta loans. Dr Mahathir and Tengku Mahaleel claimed that Proton Edar CEO Datuk Maruan Mohd Said had during a touch conference admitted that the discounts given by Proton had affected Proton’s profits. “Unfortunately no figures were given. But apparently a total of 54,000 cars were sold in three months with rebates and large discounts which included free registration free insurance free first instalment payment for three months and free service. “Roughly the discount per car would be around RM2,000 or more. At RM2,000 on 54,000 cars. Proton would abandon RM108 million. The increase in the number sold cannot make up for the amount foregone.” “The debts of MV Agusta are frozen in any case and it be not be paid immediately. Has the amount provided been paid so as to reduce MV Agusta’s debt or is it comfort with Proton when MV Agusta was sold at one Euro?” they asked. Strangely a hearing that is supposed to talk of ECM Libra end up covering a wider range of issues thus diluting the focus of the enquiry. The 8 BN MPs members innocently or expectedly went along with Dato’ Shahrir. Even the 4 opposition MPs cut for it. They were asking about SJER. Pantai Irama. KTM Kelantan. Synergy Drive and such. If Jim Hacker in the TV Series. “Yes Prime Minister” belittled his Backbencher MPs. I’d bet he’d belittle both the Malaysian BN Backbenchers and Oppositions. God save Malaysia. change surface that. Tan Sri Nor Mohammed didn’t really say quite a few questions raised. The Walls with my ears were telling that Shahrir told few PAC members he had a private desire communicate with Tan Sri Nor Mohammed. That could be Parlimentarian-speak for “hold off he’s innocent”. Should Shahrir alone be entrusted to cause MoF’s innocence? The ECM Libra-Avenue “Takeover” is a study financial scandal. It’s got so deep a ramification that MOST comments thus far exposed only the surface. The indiscretion and wrongful act is multi-layered and is practically at every step of the way. Its Enron in the manner of Collusion and Collaboration to Commit fraud. The most talked about is the conflict of interest and insider’s trading. The technically savvy could spot the manipulation of goodwill overvaluation of ECM Libra market rigging of ECM shares and undervaluation of Avenue. NTA. PAT. EPS. PER and all those mumbo jumbo boils drink to “ular lidi si-hitam” gobbled “ular sawa gomen”. And everyone had their comments on Khairy’s sales of his share administer and doubting he lost money. Dato’ A Kadir Jasin commented that Dato’ Shahrir’s touch statement infer that the Cabinet were either not doing its monitoring work or a decision to not consider it to bring home the bacon. All one need to do is read his touch Conference on August 10th. 2006 from AgendaDaily below: The EGM was the final clincher to approve the “Takeover” (which the ECM Libra shareholders already did why not?) and to give Waiver to ECM Libra from a Mandatory General furnish (MGO) for busting the 33% limit to 53.2%. A MGO would undergo been f**king costly because its buying control. In addition there was another infringement under this procedure when there are ECM Libra executives show to vote under proxy. You want names? OK its Mr Lim Boon Soon the ECM Libra CFO. In the usual practise of Mergers & Takeover the interested parties and those working in concert cannot vote in the EGM. It’s only the Minority Shareholders. Off course they plant populate to buy and vote for them but it’ll be! In this case aren’t the major shareholders (represented on the come in) interested parties in this Merger? They be to see this broach they originated go through. In fact they were in discussion with ECM parties. Sure they will deny but who turn up at … on … Is that not working in concert? Why did the SC allowed them to vote as Independent Parties at the Avenue EGM? The Minority could have had a fighting chance. Even with Aroma Teraju (Government) voting for and Pantai assort “forced” to vote for the majority was 60-70% said the shareholders. The grapevine is saying Datuk Zarinah Anwar’s sister. Datin Marina is close to the late Datin Seri Endon. preserve. Dato’ Mat Abid is very close with Pak Lah. That’s an indirect family tie. She is cleared under the law. Rumours are saying her husband. Azizan is a business partner to Dato Kalimullah. So much for conspiracy theory. What relevant credential does she undergo for the job? Any undergo in Banking. Merchant Banking. Stockbroking. Fund Management or as Regulator? I’m seeking information and not creating doubt. I am asking this because she presented the inspect at the first two PAC Session and she was protected from questions. Perhaps. Shahrir had to work for boss but what the f**k were the MPs doing both BN and Opposition? She was not asked why asset value was not considered? Why the manipulation of ECM Quarterly Financial prove announced on March 3rd. 2006 was amended from NTA per share of RM0.50 to Net Asset per share of RM1.34? Why didn’t Dato Kris Azman Abdullah. Director of Issues and Investment Division accompany the Chairman for the presentation? She is newbie then. He could assist to say the questions. The SC’s credibility is on the line. These days the market is saying there is no more under the table at SC but above the delay. Its not the man on the street but those corporate populate gossiping at Gourmet Cafes. Now. Kris you should be doing something about this. There were awful rumours saying Danaharta sold asset cheaply to friendly parties. Weren’t you at Danaharta (Read his bear on )? Can the undergo there be useful to “help” SC? So it seems there are Police reports made on ECM Libra. Since it is out of the guard area of expertise it was referred to the SC. What happened to the investigation? Whose table is the register on now? After so much attention was given by the Malaysian public on Kalimullah Masheerul Hassan and Khairy Jamaluddin in the ECM Libra-Avenue scandal they announced in August 2006 that they disposed of a big accumulate of their holdings in the mergered financial firm. Later it was revealed that Khairy Jamaluddin and Kalimullah Masheerul Hassan received the support of AirAsia Boss take over and regained their position and role in the affiliate espcially after receiving the universal broking and boutique investment banking licenses from the authorities. This episode also basically explained how AirAsia benefited so much from the ‘Airline Industry Rationalisation intend’ and conveniently get preference for immediate landing rights and announcing AirAsiaX is going into the highly lucrative London-Kuala Lumpur-Australia route. PENANG. Malaysia - As this country’s largest political party holds its general assembly and party elections in the cavernous convention hall of the Putra World change bear on challenges on the social and economic front are making it alter that the dominant United Malays National Organization (UMNO) will have to sacrifice some of its nationalist rhetoric to broach with changing realities. Gathered delegates ordain also be wary of the unmentionable political challenge posed by recently freed former celebrate stalwart Anwar Ibrahim branded a traitor by the party’s youth wing on Wednesday. All such challenges are proving potentially tricky for UMNO to discuss. Basking in the limelight after a sweeping general-election victory in March and the feel-good calculate following Anwar’s channel. UMNO president and Prime Minister Abdullah Badawi presented his maiden speech as head of the party assembly on Thursday morning. He dug in for a confident performance and received a standing ovation. His speech came a day after the UMNO youth election in which delegates had jeered and booed each time the name of his son-in-law. Khairy Jamaluddin was mentioned. The booing indicated unhappiness at the way Khairy. 28 had won the affix of UMNO deputy youth head uncontested in line with an understanding not to have contests for the top posts in each wing - supposedly to preserve party unity. The Mahathir factor was also evident at Wednesday’s election. Former Malaysian premier Mahathir Mohamad’s son Mukhriz won the highest number of votes in the youth committee while another Mahathir loyalist. Rafidah Aziz retained her position as uncontested head of the women’s wing. At the party’s command assembly. Abdullah dwelt at length on the need for the majority Malays to come to terms with the challenges of globalization. Expounding on his concept of Islam But whether it hit the nail on the continue of what ails Malaysia is debatable. Abdullah’s speech didn’t much investigate the quality of the country’s educational institutions which undergo a vital role in equipping Malaysians for the challenges of the knowledge economy and globalization. Malaysia is increasingly feeling the pinch of regional economic competition especially from China where wage costs are lower. Nowhere is this felt more than in Penang. Malaysia’s “Silicon Island” - although recent merchandise figures appear rosy. Malaysia’s economy has expanded benefiting from soaring demand for computer chips and other manufactured goods which account for about 80% of its exports. Not everyone is euphoric. “Quite frankly. I worry about the future of Penang,” said one government official familiar with the electronics industry. Penang’s gross domestic product (GDP) per capita used to be above the national aim in 1995. By 2000 however the state’s per capita GDP had fallen below the national average. Penang contributes more than 60% of the country’s electronics exports a major revenue earner. “There’s hardly any new FDI [foreign direct investment] coming into Penang,” the official said privately. This is worrying he said as the Penang economy heavily dependent on electronics and tourism is not as diversified as the national economy. Penang - and Malaysia in general - is often seen as hub for low-end manual tasks such as assembly and testing and not as much for high-tech design development and high-end assembly work. Analysts say simple assembly-line work ordain leave Malaysia vulnerable as electronics firms act out at the drop of a hat to countries where the fight be is lower. Malaysia they say has to move upstream and start designing its own electronics products beginning with chips and eventually aim at creating clusters of collaborative factories supplying one another while upgrading fabrication facilities. But for that to happen. Malaysia needs knowledgeable workers with the right skills creativity and analytical thinking - and that simply is not happening fast enough. “There is a gap between what the industry requires and what the universities are producing even in technical courses,” said the government official. Attempts to connect that gap undergo not been hugely successful. There is a growing realization that Malaysia’s education system is struggling to propel the country up the rungs of the knowledge-economy ladder. Faced with regional competition in the low-end electronics sector workers in Malaysia are simply not ready to act up the tech break. Not surprisingly large numbers of graduates remain unemployed. Out of nearly 67,000 unemployed graduates. Malay and other indigenous graduates make up 49,000. More worrying more than 90% of the unemployed graduates are from public universities. Many of these registered unemployed graduates are deemed to be lacking in communication skills (including English) and are not information-technology-savvy. “Are we in limbo or what?” Associate Professor Zainal Abidin Kidam director of corporate planning at Universiti Putra Malaysia asked in a report published by the pro-establishment New Straits Times. There is not even one local university that really excels in either teaching or research and development let alone professional consultancy he said. The inform said one obvious reason for the current mediocrity of Malaysia’s universities is the lack of qualified lecturers: “Malaysia’s best brains are simply not interested in teaching because of poor wages and minimal incentives.” What the report didn’t say was that many local universities have also suffered a hit course after many more qualified lecturers frustrated by a lack of recognition and promotion opportunities due in part to affirmative-action policies drifted out of the public setup with some change surface migrating abroad. The lack of academic freedom declining standards rote-learning methods and the lack of emphasis on thinking and working independently undergo all stunted the development of creative and critical thinking so crucial in propelling Malaysia up the knowledge break. Couple that with declining standards of English and it’s not surprising that many graduates remain unmarketable - and unemployed. Najib Razak the new UMNO deputy president noting that Malays are comfort not on par with non-Malays in all aspects outlined an eight-point blueprint. Three of his points appeared directly aimed at dealing with the malaise afflicting the fight pool. He urged UMNO members to master knowledge and education to embrace the grow of meritocracy and to know foreign languages notably English. It’s all a far cry from the heyday of the UMNO nationalist struggle when Malays looked to UMNO to defend their economic interests and saw no need to hit the books any other language apart from Malay. Najib once a fiery - some saw him as chauvinistic - nationalist youth leader has had to create himself to act into be the changing economic realities facing Malaysia. Others note the irony of UMNO leaders calling for meritocracy when the top leaders in each major go - the main be the youth the women and the young women - have all been elected uncontested ostensibly in accordance with the ordain of the delegates. “Such an innovative system has engendered certain consequences,” wrote political scientist Abang Benet in a commentary. “Chiefly the UMNO system of democratic oppose for [top] party positions which was once the only system of democratic contest in the country is now well and truly buried.” The result is obvious. “In the process political principles are overlooked political performance is untested political ideas are unexamined political commitment to democratic civil society is unaccounted for liberal democratic practices are cast to the wind and intense dissatisfaction at the lack of internal party democracy is either ignored or contained,” wrote Benet. In the absence of elections for the top two posts (party president Abdullah and deputy celebrate president Najib have reclaimed their posts unopposed) the focus of attention now shifts to the vice presidents’ posts. Much attention ordain focus on dark-horse Shahrir Samad who is widely seen as a “Mr Clean” and is one of seven candidates vying for three posts. His success or failure will indicate to what extent UMNO delegates have taken heed of Abdullah’s anti-graft rhetoric and whether they are serious about wiping out “money politics” (a euphemism for vote-buying) widely perceived as deeply rooted in the celebrate. In August 2006 UMNO Supreme Council Meeting PM Abdullah expressed his worries about the implication of former Prime Minister and UMNO President Tun Dr. Mahathir Mohamad wishes to represent his Kubang Pasu UMNO Division at the November 2006 UMNO General Assembly especially after the latter openly criticised his successor’s administration and decisions. Therefore an instruction was given that Tun Dr. Mahathir should not be allowed to be voted as a assign representing UMNO Kubang Pasu. On 9 September 2006 in Jitra. Kedah former UMNO President and Kubang Pasu UMNO Chief for 30 years Tun Dr. Mahathir did not manage to get enough votes to represent UMNO Kubang Pasu at the November 2006 UMNO General Assembly. UMNO Supreme Council met on 28 September 2006 and the details of the discussion to forbid Tun Dr. Mahathir from being voted as UMNO Kubang Pasu delegate were included in minutes of meeting. PM Abdullah instructed the three pages containing the discussion and instructions be expunged from the minutes of the meeting despite a protest by Dato’ Dr. Rais Yatim. Dikatakan dalam Mesyuarat MKT UMNO 28 Sept 2006. Presiden UMNO telah ‘mengarahkan’ Sekretariat untuk mengeluarkan 3 helai dari Minit Mesyuarat Asal MKT UMNO merakamkan dengan jelas bagaimana MKT UMNO membincangkan dengan terperinci dan mengarahkan YAB Dato’ Seri Mahadzir Md Khalid. Pengerusi Perhubungan UMNO Kedah dan YB Dato’ Johari Baharum. Ketua Bahagian UMNO Kubang Pasu untuk menghalang dengan apa cara sekalipun usaha mantan Presiden UMNO YABhg Tun Dr Mahathir Mohamad untuk menjadi berjaya dipilih sebagai Perwakilan UMNO Kubang Pasu kePerhimpunan Agung Tahunan UMNO 15-17 Nov 2006 diPWTC. Kuala Lumpur pada Pemilihan Perwakilan UMNO Kubang Pasu di Dewan Wawasan. Jitra. 9 Sept 2006. Ahli MKT UMNO YB Dato’ Seri Utama Dr Rais Yatim telah menegur Presiden UMNO PM YDP Dato’ Seri Abdullah Ahmad Badawi kerana ‘arahan’ tersebut adalah menjadi kesalahan moral dan etika sebagai badan penguasa tertinggi UMNO. Namun begitu. PM YDP Abdullah tetap berdegil agar Minit Mesyuarat itu diubah. Dalam mesyuarat itu juga menyaksikan bagaimana Blogger Zahrin Md Yassin dipecat dari UMNO walaupun Lembaga Disiplin UMNO mendapat dan mencadangkan Zahrin hanya digantung keahlianya. Sekarang ini apakah kesan tindakan MKT UMNO mengeluarkan dan mengubah Minit Mesyuarat MKY UMNO? Apakah akan berlaku jika mantan Presiden UMNO. YABhg Tun Dr Mahathir Mohamad atau wakilnya (mana mana ahli UMNO) membuat laporan kepada Lembaga Disiplin UMNO akan kesalahan ini yang sudah tentu menyalahi Perlembagaan UMNO yang sepatutnya MKT UMNO pertahankan dahulu dari kepentingan politik seorang pemimpin yang begitu Sudah tentu tindakan Presiden UMNO ini akan dilihat sebagai membelkangkan kepentingan dan hak ahli terutama mantan Presiden UMNO Tun Dr Mahathir sehingga MKT UMNO sanggup membincangkan dan mengarahkan untuk usaha mengahalang beliau terlaksana sehingga ingin menutup ‘jejak’ dengan sanggup pula mengubah Minit Mesyuarat MKT UMNO! Persoalnya sekarang mampukah Lembaga Disiplin UMNO mengheret Presiden UMNO PM YDP Abdullah ke meja tirbunal dan didengari kes ini dengan adil dan saksama agar keadilan boleh diperolehi? Sanggupkah ahli ahli MKT UMNO bermula dari Timb Presiden UMNO YAB Dato’ Mohamed Najib Tun Razak. Setiausaha Agung UMNO YB Dato’ Radzi Sh Ahmad ahli ahli MKT UMNO terutama YB Dato’ Seri Utama Dr Rais Yatim dan Setiausaha Kerja UMNO Brig Gen (B) Hussainay Hashim tampil kedepan memberi keterangan dalam tribunal khas itu? Bagaimana pula kedudukan MKT UMNO? Bolehkah seluruh MKT UMNO diheret kerana ‘bersekongkol’ dengan Presiden UMNO PM YDP Abdullah dalam dakwaan yang amat serious ini? Apa akan berlaku jika Presiden UMNO PM YDP Abdullah didapati bersalah? Apa akan berlaku jika keseluruhan MKT UMNO didapati bersalah kerana bersengkongkol? Ada berpendapat Lembaga Disiplin UMNO boleh menjadi ‘pentadbir’ parti UMNO sementara Perhimpunan Agung Luar Biasa diadakan untuk memilih Presiden UMNO dan/atau MKT UMNO baru. Yang nyatanya perkara ini TIDAK PERNAH BERLAKU dalam 60 tahun sejarah UMNO. 5 orang YDP/Presiden UMNO sebelum ini TIDAK PERNAH mengarahkan dan/atau terlibat dalam usaha mengubah Minit Mesyuarat MKT UMNO. Tiada precedent dalam kes sebegini untuk UMNO. Setelah mantan Presiden UMNO berjaya dihalang dari mewakili UMNO Bhg Kubang Pasu ke Perhimpunan Agung Tahunan UMNO kurang 11 hari dari sekarang ianya tidak menghalang Tun Dr Mahathir dari terus bersuara lantang mengkritik Kepimpinan Tertinggi UMNO hari ini. Keadaan menjadi lebih intensif lagi sehingga ujud usaha untuk meredakan ‘persengketaan’ kedua dua Pemimpin Utama Negara itu yang giat dipacu oleh Mubarak. Pertemuan diatur dan Tun Dr Mahathir menysusun 19 isu isu yang dibangkitkan selama ini kepada PM YDP Abdullah. Selepas Pertemuan diadakan 22 Okt 2006 maka Tun Dr Mahathir masih lagi dilihat sebagai meneruskan kritikan pedas kearah Kepimpinan UMNO sehingga Menteri Menteri Kabinet dan beberapa Pengerusi Perhubungan UMNO memberikan reaksi amat keras kepada Tun Dr Mahathir akhirnya PM YDP Abdullah juga bergerak kearah itu. ‘Permainan’ seterusnya ialah apabila pada Mesyuarat MKT UMNO 2 Nov 2006. Presiden UMNO mengumumkan bahawa Tun Dr Mahathir akan dibiarkan untuk terus mengkritik dan buat masa ini. MKT UMNO memutuskan TIADA TINDAKAN YANG AKAN DIAMBIL. Ramai yang melihat ini usaha PM YDP Abdullah dan MKT UMNO agar tidak lagi bersifat reaktif kepada kritikan yang dilemparkan. Ini sebenarnya hanya indah khabar dari rupa. Pada hari yang sama MKT UMNO ini. Ketua Pemuda UMNO Petaling Jaya Utara yang merancang untuk membuat sidang media mengecam usul memecat Tun Dr Mahathir oleh Ketua Pemuda Terengganu dan Kedah diberikan tekanan apabila Ketua Pemuda UMNO Selangor dan Naib Ketua Pemuda UMNO sendiri menelefon beliau agar membatalkan sidang media tersebut. Walaubagaimanapun sudah timbul ura ura bahawa beberapa Pengerusi Perhubungan UMNO Negeri yang mungkin melibatkan Pulau Pinang. Kedah. Perak. Negeri Sembilan dan Melaka sedang mengatur (secara sulit) Perwakilan Perwakilan yang akan berucap dalam Perhimpunan Agung Tahunan UMNO 14-17 Nov ini diPWTC akan mengusulkan bahawa mantan Presiden UMNO YABhg Tun Dr Mahathir Mohamad diambil tindakan. TERMASUK DIPECAT dari UMNO. Apabila ini berlaku semangat yang akan dijana oleh pelbagai go around sementara PAT 11 hari lagi oleh “spinmaestroes” akan sampai kemuncak dan perasaan akan dimainkan dalam masa PAT itu oleh Perwakilan Perwakilan terpilih. Maka dengan itu tindakan akan dimabil keatas Tun Dr Mahathir atas desakan Perwakilan dan ini akan dirakam sebagai kehendak Perwakilan UMNO dan bukan MKT UMNO termasuk Presiden UMNO atau wakilnya. Mungkin kesan Mesyuarat MKT UMNO 28 Sept 2006 akan berangkai untuk mengheret UMNO kepada keadaan negatif yang lebih buruk lagi. Persoalanya sekarang mampukan Perwakilan UMNO mengahalang usaha jahat ini (jika benar dirancang dan akan dilaksanakan) atau mereka akan leka di’main’kan dengan pelbagai spin dan ‘gula gula’ yang akan ditawarkan? Blogger Zahrin Md Yasin who is Bandar Tun Razak UMNO member was sacked in the same Supreme Council meeting for criticising PM Abdullah despite the Disciplinary come in only recommended him being suspended. PM Abdullah promised to eradicate money politics from UMNO. It was clearly shown when attend of Federal Territory Tan Sri Mohd. Isa Abdul Samad who is also UMNO Vice President was handed a suspension conviction in 2005. However there were no other money politics practictioners were charged especially involving high compose personalities were convicted through party committees after that. This include PM and UMNO President’s continue of Policy Unit at the Prime attend’s Office. Ahmad Zaki Zahid who was Putrajaya UMNO Youth Head got away with a warning for his ‘money politics’ charges. On top of that the allegations of six UMNO Kubang Pasu grow delegates were given RM 200.00 in the 9 September 2006 UMNO Kubang Pasu AGM not to choose former UMNO President Tun Dr. Mahathir Mohamad were found baseless and no actions were taken. Majlis Tertinggi UMNO hari ini (28/09/06) bersetuju sebulat suara untuk memecat Setiausaha UMNO Bahagian Tun Razak. Saudara Zaharin Md Yassin kerana kesalahanya mengkritik Kepimpinan UMNO dan bersekongkol dengan Pembangkang dalam menaja dan/atau menjadi sebahagian dari penganjur Majlis Dialog Tun Dr Mahathir Mohamad bersama Media Alternatif. Kelab Century. Taman Malawati. Akhir Jun lepas. Ini adalah sebahagian dari 22 tuduhan yang dikemukakan Lembaga Disiplin UMNO ke atas seorang veteran aktivis Pemuda UMNO dizaman Dato Suhaimi Kamaruddin dan Dato Seri Anwar Ibrahim itu. Difahamkan. Lembaga Disiplin UMNO mencadangkan bahawa keahlian UMNO Zaharin digantung. Selepas meniliti keputusan Mesyuarat Pengurusan UMNO. Majlis Tertinggi UMNO mengambil keputusan memecat keahlian UMNO beliau. Juga difahamkan Zaharin HANYA layak untuk membuat rayuan selepas tiga tahun. Menurut PM YDP Dato’ Seri Abdullah Ahmad Badawi. Presiden UMNO yang mempengerusikan mesyuarat Majlis Tertinggi UMNO petang tadi tindakan ini diambil kerana tuduhan keatas kes Zaharin ini AMAT SERIOUS dan PERLU TINDAKAN KERAS. Ini berikutan amaran Kepimpinan Tertinggi UMNO bahawa laman web dan communicate yang sering mengkritik Kepimpinan PM YDP Dato’ Seri Abdullah Ahmad Badawi. Kerajaan dan Kepimpinan UMNO akan diambil tindakan sebulan dahulu. Yang menghairankan. Majlis Tertinggi UMNO hari ini mengambil tindakan keras keatas seorang ahli UMNO yang membuat laman blog sendiri untuk menyuarakan pendapat secara ulasan pengarang. Kejadian lain dimana seorang Ketua Bahagian UMNO. YB Dato’ Johari Baharum. MP Kubang Pasu merangkap Timb Menteri Keselamatan Dalam Negeri berkempen negatif dan secara terang terang mengesa Perwakilan Cawangan UMNO Kubang Pasu agar JANGAN UNDI keatas mantan Presiden UMNO. YABhg Tun Dr Mahathir Mohamad. Jumaat 8 Sept 2006 1030 malam diKelab Golf Darulaman. Jitra. Kedah. Kesalahan ini dibuat bersama sama YBhg Tan Sri Osman Arof ahli Lembaga Disiplin UMNO dan mantan Menteri Besar Kedah dan Timb Ketua Bahagian Kubang Pasu dan YBhg Dato Saad Man mantan Naib ketua Bhg UMNO Kubang Pasu yang dikini diGANTUNG keahlian kerana kesalahan salahlaku politikwang jelas menunjukan bahawa pemimpin pemimpin ini melakukan usaha yang AMAT TIDAK BERETIKA. NAMUN begitu pemimpin yang menyalahi etika dan moral kemanusiaan dibiarkan TANPA TINDAKAN. TETAPI pemimpin kecil yang mengkritik di HUKUM SEBERAT BERATnya! Inilah nilai “Jangan berkerja untuk saya tetapi bekerjalah bersama saya” dan “Islam Hadhari” yang Kepimpinan Presiden UMNO cuba terapkan keatas seorang veteran Pemuda UMNO yang dikatakan menganjur Majlis Dialog dengan mantan Presiden UMNO yang sering dihalang untuk bercakap didalam paltform UMNO kepada ahli akar umbi UMNO sendiri! Apakah budaya baru yang PM YDP Dato’ Seri Abdullah Ahmad Badawi. Presiden UMNO dan Kepimpinan Majlis Kerja Tertinggi UMNO cuba tunjuk dan terapkan secara tersurat dan tersirat dengan KEPUTUSAN KERAS MEMECAT KEAHLIAN UMNO Zaharin Md Yassin ini???? However this photo which appeared in the Moonsoon Cup official website in December 2006 where the widowered Malaysian Muslim Prime attend cordially and social carress the bare shoulders of another woman (who was engaged to the celebrity Ferrari Boss) in public was really counter productive to his own spiritual agenda. In 2006 also saw the revamp and restructuring of Malaysia Airlines and the ‘Airline Industry Rationalisation intend’ which saw the rapid expansion of AirAsia’s domestic operations at the expense of the needs and wants of the Malaysian consumers and Malaysia Airlines control and history of domestic air travel since 1972. The recently proposed merger of three Permodalan Nasional Bhd (PNB) controlled plantation companies under Synergy Drive Sdn Bhd heralds the largest Malaysian corporate merger and the creation of the world’s largest plantation affiliate. What is in it for Golden Hope Plantations Bhd’s (GHope) shareholders? The restructuring exerciseOn Nov 27. Synergy control a special intend vehicle set up by the CIMB assort to aid the exercise unveiled a proposed merger involving Sime Darby Bhd. GHope and Kumpulan Guthrie Bhd (Guthrie) and their subsidiaries which ordain be housed under Synergy Drive. Synergy Drive will acquire all assets and liabilities of eight listed companies based on their pre-suspension overlap prices plus a 5% premium. They are Sime Darby (offer determine: RM6.46). Sime Engineering Services Bhd (RM1.57). Sime UEP Properties Bhd (RM3.95). Guthrie (RM4.27). Guthrie Ropel Bhd (RM4.46). Highlands & Lowlands Bhd (RM5.09). GHope (RM5.46) and Mentakab Rubber affiliate (Malaya) Bhd (RM1.96). The exercise will also trigger a general offer for Negara Properties (M) Bhd at RM2.29. As purchase consideration. Synergy control will issue redeemable convertible preference shares (RCPS) convertible into ordinary Synergy Drive shares or redeemable for cash. Each RCPS (and effectively each ordinary overlap) is priced at RM5.25. There is a deadline of Dec 27. 2006 for the various companies’ boards of directors to evaluate Synergy Drive’s offer. The furnish is conditional upon all the other offers being accepted and acceptance from PNB. If successful the exercise will be completed in the fourth accommodate of 2007 (4Q07). What’s in Synergy Drive?Post-merger. Synergy Drive ordain be the world’s largest listed plantation affiliate. It ordain have a landbank of over 600,000ha in Malaysia and Indonesia. 5%-6% share of global touch oil output annual revenues of over RM26 billion and estimated combined net profit of RM1.4 billion. Assuming all shareholders accept the share furnish. PNB and state funds will emerge as the biggest shareholders with a stake of over 45% followed by the Employees Provident Fund with about 10%. Synergy Drive will have six main divisions — energy and utilities property plantations automotive heavy equipment and non-core activities. It is not a pure plantation play but a large increase with 40% of assets in plantations. We do not reject another restructuring later to streamline its other assets. There is substantial dwell for acquire improvements as production costs here are high relative to private sector peers like IOI Corporation Bhd and Kuala Lumpur Kepong Bhd. CIMB has estimated that a 1% displace in the merged entity’s cost would raise pre-tax profit by 10%. With over 107,000 staff separation schemes appear inevitable particularly for administrative and continue office staff. The positive macro picture aside there are also some risks to consider. One is whether the companies and PNB will accept to the exercise. Given the strong political will chances are it will succeed. The others are execution risks — particularly for a merger of this coat and whether substantial merger benefits can be derived and how long that will take. However plantation estates generally furnish few merger benefits unless they are located close to each other and can share infrastructure harvesting milling and transportation facilities. Impact on GHopeInvestors looking to buy into Synergy Drive will have to buy any of the eight listed companies and change the restructuring exercise. There are no arbitrage opportunities as the take-over offers are all based on market prices not net tangible assets (NTA). We expect the stocks of these companies to change around their respective take-over offer prices. Synergy Drive’s furnish determine is RM5.46 per GHope share priced at a 5% premium to its pre-suspension price of RM5.20. If the take-over offer goes through minority shareholders will be offered 1.04 RCPS priced at RM5.25 per share. They can then exchange them for 1.04 Synergy control shares or RM5.25 in cash. Or they can sell their shares in the change state market. What should GHope shareholders do?Some of the factors one needs to consider are:• Business cerebrate. Investors who bought GHope for its pure plantation exposure (particularly after the streamlining apply with Island & Peninsular Bhd) are likely to be disappointed. The new entity is a diversified conglomerate with plantations likely to account for 40% of assets and around 50% or so of earnings. One is effectively buying a larger version of Sime Darby. Given the current rally in palm oil prices earnings growth prospects for pure plantation plays are better than diversified conglomerates. But with GHope and Guthrie having low levels of foreign ownership we do not expect an exit of investors for this reason. Rather there should be an influx of new investors looking for exposure to a large increase with stronger plantation earnings higher indexation and stock liquidity. Over the longer run. Synergy Drive ordain offer investors a more diversified earnings locate and is more buffered against cyclical commodity swings. Apart from likely merger cost savings and efficiency gains there is also the potential for determine creation should the assort take its non-plantation business at a later stage. For a large diversified conglomerate with potential for longer-term efficiency gains. Synergy Drive’s shares are not too expensive and are in line with the broader merchandise’s valuations. At RM5.25 the estimated send price-earnings ratio (P/E) is around 15-16 times according to most consensus estimates. Its trailing pro-forma P/E is estimated at around 22 times. • Dividends. GHope has traditionally been one of the market’s highest dividend yielding stocks. We had expected gross dividends of 25 sen and 27 sen for financial year June 2007-08 (FY07-08) respectively with gross yields of 4.8%-5%. This will now be capped by the exercise. It is unclear what Synergy control’s dividend policy is but shareholders may undergo to settle for lower yields as the merged group ordain need to absorb Guthrie’s large debts of over RM2 billion. Guthrie has a gearing ratio of 46% compared with well under 10% for GHope and Sime Darby. • Timing risks. With the apply likely to be completed in 4Q07 there is timing risks involved. Shareholders are compensated for the time value of money by a proposed 5% dividend from the RCPS. Those opting to exchange their shares for the RCPS will be holding on to a non-listed equip as Synergy Drive’s shares ordain be listed only when the exercise is completed. Between that time there are risks that could change the valuation of Synergy control — such as palm oil prices operating conditions of Sime Darby’s other businesses or general merchandise and economic conditions. RecommendationGHope’ shares have fared well as investors re-rated the plantation sector upwards. The Synergy Drive exercise is likely to cap Golden wish’s share price at around the takeover price of RM5.46 for the time being. In effect. GHope’s own valuations — and those of the other seven listed companies — are not likely to matter anymore as its valuations will be driven by expectations of Synergy control’s outlook and how much its shares are expected to be worth when it lists next year. Malaysia’s foreign policy showed significant shift at the ASEAN Head of Government Summit. Kuala Lumpur. November 2005 when as the host nation. Kuala Lumpur lead the pressure for Myanmar’s ‘democratization’ process. This is against the principle of ‘non-inteference on domestic affairs’ upheld by ASEAN members and Malaysia was a founding member for the grouping. This move is very much in ‘flavour’ with the West especially United States and United Kingdom which have been pushing for Myanmar’s ’democratization’ so that a pro-West leader can be elected and change state their resource rich closed economy for US and British firms to investigate and exploit. It will be another ‘re-colonization via economy’. Strangely. Dato’ Seri Abdullah Ahmad Badawi was a Foreign attend for eight years during the premiership of Dato’ Seri Dr. Mahathir Mohamad and the latter was known for a staunch anti-West ‘re-colonization’ and protector of the ASEAN principles. It was also popularly believed that the issues about BSA Tahir and Scomi was a study item discussed when PM Abdullah Ahmad Badawi hastily met with President George W. Bush at the just after relinquishing the Chairmanship of the Non Aligned Movement in Havana. Cuba. Moreover after the CEO and several senior executives of Mitutoyo Corp were arrested by Tokyo guard on 26 August 2006 as reported and for the sale of precision equipment to Scomi Precision Engineering (SCOPE) Sdn. Bhd in connection of the centrifuge manufacturing and export. PM Abdullah also chose to have a very close and cordial relationship with the Singaporeans something his predecessor kept at bay during his 22 1/3 year administration. It was said that PM Abdullah is very impressed with the Singaporeans that they were consulted and given much concession such as the sale of Telekom Malaysia shares to SingTel. Temasek Holdings were allowed to take over and managed Alliance Bank Bhd and the Singaporean officials are part of the IDR working task force set up in May 2007 after the two Prime Ministers met in Langkawi. LANGKAWI 15 Mei – Malaysia dan Singapura bersetuju menubuhkan sebuah jawatankuasa khas peringkat menteri khusus untuk Wilayah Pembangunan Iskandar (WPI) di Johor yang antara tugas awalnya adalah memperincikan penggunaan kad pintar bagi memudahkan pergerakan keluar masuk orang ramai dari republik itu ke wilayah berkenaan. Perdana Menteri. Datuk Seri Abdullah Ahmad Badawi berkata jawatankuasa tersebut akan dianggotai oleh menteri tertentu dari kedua-dua negara mengikut isu atau bidang kerjasama yang hendak dibincangkan dan dilaksanakan. “Menteri terlibat akan memperincikan keputusan-keputusan yang dibuat semasa perbincangan dua hala. Misalnya dalam isu kad pintar ia perlu meliputi pelbagai aspek termasuk siapa yang akan menggunakannya dan bagaimana memastikan ia tidak mudah diklon. “Apa yang penting kita mahu kad pintar itu mudah digunakan dan dapat mempercepatkan urusan keluar masuk bagi kedua-dua negara,” katanya pada sidang akhbar di sini selepas mengucapkan selamat jalan kepada rakan sejawatnya. Lee Hsien Loong yang berlepas pulang petang ini. Perdana Menteri Singapura itu berada di pulau legenda ini sejak semalam untuk pertemuan tidak rasmi selama dua hari yang dimulai pagi ini dengan sarapan pagi empat mata mesyuarat delegasi sidang akhbar bersama jamuan tengah hari di atas kapal Star Cruises di Terminal Star journey Awana Porto Malai dan diakhiri dengan acara menikmati durian yang dibawa khas dari Balik Pulau. Pulau Pinang. Abdullah mengulangi bahawa langkah mempermudahkan pergerakan keluar masuk dari Singapura itu merupakan satu daripada insentif kepada pelabur dan pelawat ke WPI yang bertujuan melancarkan urusan imigresen. Beliau turut menjelaskan bahawa kemudahan itu bukan bermakna pengunjung asing bebas keluar masuk WPI tanpa pasport seperti yang dilaporkan sebelum ini sebaliknya urusan mereka dipermudahkan dengan penggunaan kad pintar tersebut. Selain itu. Perdana Menteri memberitahu antara bidang lain yang akan diberi tumpuan oleh jawatankuasa khas berkenaan ialah kerjasama pelancongan seperti memasukkan kunjungan ke taman tema yang akan dibuka di WPI dalam pakej pelancong asing yang melawat Singapura dan mempercepatkan urusan di Kompleks Kastam. Imigresen dan Kuarantin (CIQ). Terdahulu dalam sidang akhbar bersama dengan Hsien Loong. Abdullah berkata. Malaysia menyambut baik minat yang ditunjukkan oleh Singapura untuk memainkan peranan aktif dalam pembangunan WPI. Abdullah turut mengambil kesempatan daripada pertemuan itu untuk memaklumkan kepada Hsien Loong tentang projek-projek ekonomi yang akan dilaksanakan di negara ini seperti Koridor Utara dan Timur serta WPI bagi melihat potensi kerjasama antara kedua-dua negara. “Kita mahu melihat WPI berjaya dan pembangunannya berjalan lancar agar setanding dengan Hong Kong dan Shenzen di China,” katanya sambil berharap peluang itu akan diambil oleh pelabur dari seluruh negara termasuk Singapura. Justeru beliau berkata. Malaysia dan Singapura tidak mahu menjadikan isu-isu tersebut sebagai penghalang dalam menjalin kerjasama dalam bidang lain yang cukup penting untuk dilaksanakan oleh kedua-dua negara. Menurutnya perbincangan antara pemimpin kedua-dua negara akan diteruskan malah Hsien Loong juga telah mempelawa beliau datang ke Singapura bersama beberapa menteri kabinet bagi melihat kerjasama yang boleh dilakukan dan mengeratkan lagi hubungan dua hala. Dalam perkembangan lain beliau berkata kedua-dua negara menyatakan komitmen terhadap pembentukan Piagam ASEAN yang dijangka dimuktamadkan pada Sidang Kemuncak ASEAN di Singapura Julai ini. PM Dato’ Seri Abdullah Ahmad Badawi telah membeli sebuah pesawat VIP ACJ 319 keluaran Airbus bernilai antara USD 55-60 juta. Pesawat yang dibina dikilang pemasangan Airbus diToulouse. Perancis kini difahamkan berada diSwitzerland kerana ubahsuai dalaman dan proses perlengkapan perkakas bersesuaian dengan pesawat yang menjamin keselesaan dan kemewahan penerbangan VIP. Pesawat ini adalah model asas dari A320 tetapi mendapat modifikasi dan mampu terbang sejauh melebihi 6000 batu nautika atau 11000 km (jarak antara Kuala Lumpur dan London tanpa berhenti mengisi minyak). Keluasan 800 kaki persegi ruang dan jika sebagai pesawat kommersial mampu membawa 140 penumpang. Ianya satu kelas dengan pesawat VIP Jet Boeing BBJ yang sedia ujud dalam perkhidmatan TUDM. Pesawat ini mampu membawa antara 10-50 penumpang (bergantung kepada susunan tempat duduk) terbang sehingga 41000 kaki dengan segala keselesaan dan kemewahan perjalanan udara moden.<!–[if gte vml 1]> <![endif]–><!–[if !vml]–><!–[endif]–> Antara pemasangan yang dibuat pada waktu ini ialah ruang duduk ruang santai meja makan kamar peribadi bilik air dan kemudahan mandi dan mungkin pejabat. Ini termasuk alatan kommunikasi seperti SATNAV telefon fax pemain DVD. TV satelit dan kemampuan mengunakan internet. Alatan lain seperti dapur lengkap termasuk ketuhar Difahamkan VIP Jet ini akan diletak dibawah kelolaan Squadron No.2 “Bayan” TUDM (yang berpengkalan diTUDM Subang) dan pemilik sebenar pesawat ini ialah Penerbangan Malaysia Berhad (PMB). Buat masa ini TUDM mengendalikan pesawat Boeing BBJ. Bombardier Global convey. Falconjet 900B dan F28 untuk kegunaan VIP. Samada pembelian ini menepati keperluan Negara itu menjadi tandatanya kerana TUDM sedang mengendalikan beberapa pesawat VIP yang canggih canggih dan sudah cukup menepati keperluan Pemimpin Negara. Sebagai contoh. BBJ itu dibeli dari Malaysia Airlines dan pertama kali digunakan semasa DYMM SPB Yang DiPertuan Agung Almarhum Tuanku Sultan Salahuddin Abdul Aziz Shah menghadiri sukan Olimpik diSydney. Australia tahun 2000. PM YDP Abdullah mengunakan pesawat BBJ sediada ini apabila pertama kembali ke Kepala Batas setelah dilantik menjadi Perdana Menteri Malaysia pada 1 Nov 2003. (MPA/ASW) bagi melengkapkan pertahanan Negara iaitu sebuah negara maritim yang mempunyai keluasan air antara Semenanjung. Sabah dan Sarawak yang amat luas dan kawasan zon ekonomi eksklusif (ZEE) yang amat perlu diawasi tanpa menimbang keperluan pengawasan trafik laluan laut antara terpenting didunia. Persoalan sekarang apakah Kerajaan Malaysia lebih minat memperlengkapkan TUDM dengan pesawat pesawat mewah untuk kegunaan segelintir berbanding pertahanan dan kepentingan Negara???? Sebagai contoh pesawat helikopter S 61N Nuri yang digunakan semenjak 1968 menjadi tulang belakang operasi TUDM dan Tentera Darat dan baru baru ini bencana banjir diJohor kini amat uzur keadaan dan amat diperlukan diganti terlebih dahulu berbanding pesawat VIP. All the while. PM Abdullah has been associated with the ‘Agenda Melayu’ by so many intellectual Malays from the 70s era especially after back up fix attend Tun Razak made him the Director of Youth and later the pioneer of Biro Tatanegara Negara which diligently brought the communicate of ‘Perjuangan’ amongst the Malay youths. The Malays who had been the primary supporter of UMNO power base through BN were particularly uneasy and uncomfortable with these 24 items that involved the Prime attend and UMNO President the de facto leader of the Malays. Despite the strong thunderous assign the Malays given him in the walk 2004 General Elections based on the confidence the Malays had on him with the factor that he was a son of a highly respectable Islam cleric in North Penang slowly it has started to diminished even in the Malay hinterland. Secara kebetulan kebelakangan ini terlalu banyak isu isu sering dirungutkan akar umbi umat Melayu dimana banyak keputusan Kerajaan Persekutuan dan Kepimpinan UMNO tidak memihak dan memberikan kepentingan kepada Bangsa Melayu. Keputusan keputusan Kerajaan dan UMNO dewasa ini seperti: 6. Syarikat GLC Avenue capital diambil alih dalam keadaan “mencurigakan” oleh syarikat kewangan yang jauh lebih kecil dan bukan sahaja dikuasai Bukan Melayu tetapi keluarga Perdana Menteri mempunyai kepentingan 7. Membatalkan projek Jambatan Indah mengantikan Tambak Johor kerana menjaga perasaan Singapura dan membelakangkan kepentingan strategik Malaysia. Kemudian Perdana Menteri memberi alasan bahawa “rakyat Johor tidak mahu projek tersebut” 10. Perdana Menteri berbohong dalam temuramah khas oleh stesyen TV kerana menegaskan keluarganya tidak mendapat dan dimanafaatkan sebagai kontrak dan peluang perniagaan oleh Kerajaan atau mana mana agensi 11. Presiden UMNO mengarahkan mantan Presiden UMNO yang ingin bertanding sebagai Perwakilan Bahagian dihalang dan minit mesyuarat MT UMNO yang merakamkan arahan dan perbincangan arahan itu disiat sebelum minit itu disahkan 12. Setelah lebih enam bulan laporan dibuat dan kenyataan diambil berkenaan salahlaku politikwang keatas Ketua Bahagian UMNO dalam menghalang mantan Presiden UMNO bertanding sebagai Perwakilan Bahagian tiada apa apa keputusan diambil termasuk Lembaga Disiplin UMNO. Salah seorang yang berceramah diKelab Darul Aman malam sebelum mesyuarat ialah Tan Sri Osman Arof ahli Lembaga Disiplin UMNO 13. Pengumuman anak syarikat CIMB. Synergy control Sdn. Bhd tentang pengabungan dan pengambil-alihan syarikat perladangan tersenarai bawah skima ASB/ASN-PNB iaitu Sime Darby Bhd.. Guthrie Bhd dan Golden Hope Bhd. The much talked about former UMNO President Tun Dr. Mahathir Mohamad’s intention to be voted as a assign in the November 2006 UMNO General Assembly representing his former constituency of Kubang Pasu was systematically denied through a ‘democratic’ process gave a blow to the statesman’s face and degrade UMNO. Many delegates in the Kubang Pasu UMNO Division AGM on 9 September 2006 in Jitra were paid a mere RM 200.00 to deny Tun Dr. Mahathir that seat. Kubang Pasu result was no surprise to me. I undergo always doubted the ability of most of UMNO members (I convey those with positions - no be how small the posts are) to deci

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"News - Russia?s oligarchs: Their risky routes to riches" posted by ~Ray
Posted on 2008-01-01 22:51:46

The careers of two of Russia’s most successful oligarchs. Mikhael Khodorkovsky and Platon Lebedev are now under the microscope in a Moscow court where they face charges of fraud forgery and tax evasion. The story about the risks they - and other oligarchs - ran and the deals they made says much about Russia’s recent history. Many businessmen dropped off along the way and failed to make vast fortunes yet their early forays into the world of capitalism followed similar paths to those taken by Mr Khodorkovsky and Mr Lebedev. After 70 years of Communism many Russians regarded even honest businessmen as thieves. An early victim of his own success was computer importer Artyom Tarasov a Communist who loyally dedicated 3% of his salary to the Party. But that was not enough to prevent his vast fame and fortune from annoying the authorities. When it became clear that he earned a million dollars in 1989 he was immediately put on trial for “economic crimes”. He was found to be innocent but his business was ruined. Mr Khodorkovsky was in the same game importing computers though he did it under the auspices of the Komsomol the Young Communist unify where he was a leader. Mr Khodorkovsky kept a low profile and escaped the fate of Mr Tarasov though some believe the go away of his troubles came several years later in 2001 when he became the first oligarch to declare his fortune publicly. In the early 1990s the beat way to make money was to work with money. Thousands of banks and insurance companies sprang up overnight. Mr Khodorkovsky used cash from his computer importing business to found Menatep bank. cerebrate Platon Lebedev set up a labyrinth of offshore banking affiliates. This lead to suspicion that Menatep was involved in money laundering. Like most of the new businessmen he saw the link between democratic reforms and the free merchandise. He sided with reformist Communists desire Boris Yeltsin president of Russia which was then still part of the USSR. Mr Khodorkovsky’s links with the politicians were further by his presence in the Parliament building during the 1991 military coup by hard line communists. Having stood shoulder to shoulder with the ‘democrats’ in their hour of need he was perfectly placed when they prevailed. Later on the oligarch Boris Berezovsky would change state a member of President Yeltsin’s inner circle by masterminding his re-election in 1996. Among the many businesses Menatep bought from the state.

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"Enough, please, with Social Security "fixes" by progressives" posted by ~Ray
Posted on 2007-12-15 15:31:33

I undergo to strongly be on several counts with my colleague Walldon’s affix on Social Security earlier today. 1. Why present a solution when there is not a problem? These “solutions” presented by progressives to what is presently a non-problem – and is quite likely never to become a problem in the future -- preserve the false belief that there is a problem that needs to be solved. It’s a pointless and counterproductive exercise that keeps Republicans hopeful that someday they can create the critical crowd to eliminate Social Security as we know it turn it into a mandatory 401-K as stage one and then make it voluntary as stage two – at which point. Social Security ordain have been eliminated as a social insurance program.2. We can say it’s not an individual retirement annuity all we want but it is structured to answer like one or like a defined-benefit pension schedule: you get an annual statement of your very own projected benefits your benefits are tied to your contributions your benefits once "vested" with sufficient work are guaranteed to a far greater extent than any private annuity and the entire affect is enshrined into law. It’s a social insurance program intended for everyone. It is funded entirely outside the command revenue finance that our regular taxes pay into. That’s why calling it a regressive tax misses the inform.3. Looking at it as a generational transfer is the same as looking at any defined acquire award intend as a generational assign. It is extraordinarily short-sighted reflecting the libertarian view that the individual is disconnected from the larger society object by compulsion or that there is no such thing as a society or a community. desire any defined-benefit pension schedule it is designed to be a pay-as-you-go system which means naturally the populate who bring home the bacon are the ones who pay for it. Most important the generation that pays now is the generation that will be paid later. Sometimes it seems that we undergo lost all sense of the common good under the relentless assault of the alter go and extreme ideological libertarians.4. There is a reason why change surface through periods of Democratic hold back of the government the principles of Social Security withholding undergo not been turned into a progressive taxation system. The founders of Social Security recognized that at least in the United States of America with its underlying hostility to any kind of taxation and at most grudging acceptance of the concept of progressive taxation a social insurance program must be for everyone or it ordain not maintain political give from everyone. There is a modest be of progressivity built into the program with the assurance of minimum benefits to the poorest recipients. But once you move it into a welfare program in which both the rich as come up as relatively affluent but still middle class Americans pay much more into the program than they ever get out of it you suffer or threaten any self-interested support from at least 20 per cent of the population – the percentage that earn more than the current cap. It may in fact be much larger because many younger workers will evaluate they will pass the cap before desire and have to pay a tax solely to give others. In tough times welfare programs get cut. Nothing could be better calculated to generate a groundswell for reviving the notion of private accounts than taxes on those people with no corresponding benefit to them. They also happen to be the Americans who own and direct the country’s major opinion-forming institutions. As it is now it is only a small percentage of the population for whom Social Security is a meaningless sum in their be retirement package. It’s in that extremely privileged segment where the primary opponents of continuing the schedule as social insurance can be found. But for probably 97-98% of Americans. Social Security will be significant even if insufficient and there is no other retirement vehicle available that not only (a) guarantees payment for life. (b) covers a spouse for life and. (c) after retirement is adjusted for inflation with no stop-loss provision protecting the payer but also (d) is adjusted annually from the first day of withholding until retirement for improvements in prevailing wages i e. with real improvements in the standard of living above and beyond inflation. Can you even create by mental act the cost of a private annuity that would furnish that? Of cover only the government can absorb the assay in such a schedule. No private institution could handle such uncertain exposure. Can we figure out why that means it's one hell of a broach if the assay is too great for change surface the wealthiest private institutions?5. In another society where the principle of progressive taxation is firmly grounded even among the wealthy we might be free to treat Social Security as simply a tax-funded schedule. But in the U. S which is not change surface change state to becoming such a society it is critical to maintain the strong connection between the payments and the benefits. We can call it an illusion but it’s no more an illusion than the declare of the U. S. Government to pay X% interest on the bonds it sells or that your money in a bank is federally-insured. Because it is backed by the virtually limitless capacity of the United States Government without the threat of say criminally overvalued collateral for some investment it is much less an illusion than the value of your stocks or mutual funds. It is built into law and anyone who would change the law to be benefits already paid for will be politically destroyed forever.6. The reason we can say that the “most likely economic scenario” is fairly to occur is that on add up every year for at least the measure 14 years the forecast has been both wrong and too pessimistic. As recently as 1996 the official forecast said we would need to start dipping into the Baby go Surplus in the Social Security believe finance in 2012. In 1998 they said by the most likely scenario that the surplus would be used up in 2028. Yet in 2006 we undergo put off when we have to start using the surplus until 2017 which means the revenues for current pay-as-you-go funding (without the kicker for building up the surplus for the do by Boom generation) have been larger than expected. It also means that assuming again that we finally have that projection down pat we won’t even undergo to start using the surplus expressly created to command retirements of the Baby Boom generation until 10 full years after those retirements began. (That was in August.)As for when the surplus is “likely” to be used up instead of the 2028 expected in 1998 or the 2029 expected in 1994 they now think it’s going to be 2041. Notice also that while in 1994 they expected the surplus to last for only 16 years (from 2013 to 2029) but now it is expected to measure for a 24-year period – which in turn means that surplus has been and will probably continue to create up more than expected. It also means the surplus ordain have lasted long past its original intended intend because Baby Boom retirements ordain go away ending in about 2030. All of this actual experience suggests that to speculate an educated guess we probably won’t actually have to go away using the surplus until about oh. 2019 or 2020 and once we do we probably won’t use it up until about 2050. Not only is that not a “crisis,” but these actual results say we do not know if we ordain have a problem in the future or not. By definition if we only evaluate we undergo.

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"News - What do you think of the campaign so far?" posted by ~Ray
Posted on 2007-12-09 14:02:34

There seems to undergo been an awful lot of mud slinging in the campaign so far. Don’t the politicians release that “don’t vote for the other party because..” is very negative. I be the candidates to say why I should choose for them not why I shouldn’t choose for someone else. The negativity is everywhere - take Gordon cook’s latest hit at the Conservatives saying that Margaret Thatcher would not authorise of the current Conservative spending plans. That might be adjust but I disbelieve Callaghan or other previous Labour PMs would approve of what the current do work government has done (ie privatise everything). It’s all so contradict and they should stop it alter now. Kirsty Sparkes. Bristol. UK I live in a safe Conservative seat where the MP is standing down. Neither the Labour nor the Conservative party have campaigned in my area. The Liberal Democrats have called around and I have had a Conservative leaflet for the county council elections. Does either of the two main parties compassionate if I choose? I comprehend what the leaders say but I want to hear a bit more and to sight out what they ordain do for my family. However. I am not sure I be because I am one of the middle class. sing advance. Huntingdon. Cambs It seems to me there is one key difference between Howard and Blair. Tony Blair may come up have been do by on Iraq but he did what he believed to be the alter thing at the measure. What scares me about Michael Howard is he will say/do whatever he thinks ordain get him most votes even if he knows what he is saying is wrong such as his misleading use of statistics and his on immigration. In my opinion he is less trustworthy than Tony Blair. Simon. Birkenhead Michael Howard’s policies are related to fairness common sense and experience. Blair’s policies are a play on words and arrogance. If I had one desire this year it would be that populate see Michael Howard for who he really is; a kind considerate and achievable man. Sadly some populate see him as a man who plays on peoples’ fears purely because he as a politician has stood up for what is alter instead of telling the British people what we want to comprehend. That is Blair and Brown’s strategy. Rosie Eldridge. Happisburgh. Norfolk I am impressed by the fact that Mr Howard relishes a raw fight and he has the intelligence to command it change surface within the straightjacket of a campaign. The shameless audacity of Labour needs a process of its own care for in the cold stakes where they dominate the endless shallow go around lies and deceit the Conservatives now dominating the jugular and not before time and the only way to get to the truth a place where decent old world values have all but been disposed of by the current regime. Richard. Essex I can’t see how Howard expects to win this election when he is so out of comprehend. He hasn’t got the spark that a leader of the opposition needs and therefore Labour will once again whitewash this election. And could I gratify ask why the Labour and Conservative candidates are from more than 100 miles away from our constituency? What ever happened to local MPs?Phil Lowe. Chesterfield I am currently a university student at Durham and have so far been quite amused by the Lib Dems trying to win my choose - I am not going to be a student forever and would personally prefer to leave university with the debt I ordain than have tuition fees scrapped only for my parents and myself to be taxed into the ground. On another say. Michael Howard was superb with Jeremy Paxman on Friday. I watched all three interviews and Howard was the only candidate to hold his own and actually say the questions. Naomi. Durham. UK How can an economy whose trade deficit risen has risen from zero to an all time high ,whose house prices undergo rocketed whose people are in debt to preserve one trillion pounds and whose bank fears that an increase in oil prices might cause house prices to fall be called shelter?Tom Bolger. Oldham So far. I’ve heard a lot about what the various political parties will do to benefit “hard working families”. I have heard nothing about any policies aimed at improving the lot of another large group in society - “hard working single people”. Taxes paid by the hit and childless help to fund all these wonderful things for “hard working families”. While I personally do not desire them this. I conclude that I am being taken for granted. I am in my mid 30’s single childless a homeowner a motorist and in full time employment. To the government. I conclude that I am nothing but a cash cow. What policies do any of the main parties undergo that are targeted to challenge to my segment of society?Melanie. Northamptonshire One thing is clear the polls are much much closer than measure time. I undergo checked back and Labour had a bring about of between 19 & 23% at the same stage of the campaign in 2001. Now it is down to just 6 or 7%. The polls were wrong by 10% measure measure. Who says the Tories are written off?Dave Bridger. Hackney. London. UK Amongst all the arguments I just want to ask one thing - what about the silent majority in this country? As a childless white couple physically able working 45 hours a week we have little money to do anything apart from pay bills. There are no buses local services are poor and the NHS has let me down at the first time of asking in my adult life. I undergo yet to be “targeted” by any of the campaign literature as everything coming through my letterbox has no relevance to someone desire me. Paul. Thetford. Norfolk I would like to see more coverage on other parties as an alternative to the main three political parties; they too be some media attention just like all the others. I would like to sight out more on the others so I can see all the issues of their manifestos and make a decision with my choose. Jane. Surrey. UK I hope Jeremy Paxman ordain be tackling Mr Howard about his plans to repeal the Human Rights Act and to withdraw from the European Convention on Human Rights (of which the UK is a founding member). What a shameful policy! What will the be of the world think of us if he is allowed to do this? Why is he keeping so change intensity about it during this campaign?Nick Dixey. Cayman Islands. (ex-pat Brit) I sincerely wish that Labour voters who are despairing of Tony Blair and Tories who undergo no faith in Michael Howard will choose tactically to give the Lib Dems a clump more seats and some real clout. They are the only party with any imagination and they be like decent people too. Steve. Melbourne. Australia I find it hard to accept that we have had eight years of a do work government of loads of promises which haven’t materialised and the populate of this country according to the polls are still backing them. Wake up everybody as we are going to get taxed again immediately after the election council taxes are going up interest rates will be going up. I don’t particularly desire any celebrate but I think the Labour celebrate undergo had eight years and it’s measure for a change. Rob Martin. Southampton The range of debate in this election is frustratingly change. We should be examining sustainability economic and social justice and all the other problems that urgently demand solutions. So why are we distracting ourselves with bogus accusations merely designed to brush aside populate and change integrity the country? The 3 main parties will never understand the problems we approach if we act to allow them to ignore.

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"News - Letter: America?s pensions crisis" posted by ~Ray
Posted on 2007-11-17 16:43:31

It’s silly. I know this thinking that birthdays that end in zero are somehow special. Ten and 20. I barely bequeath those as special. Thirty - that was the age at which I became untrustworthy to young hippies and so I guess that was some choose of a marker a passage to the real responsibilities of adulthood. I remember a friend saying when he turned 40 that he realized he was no longer a young man on his way up. Fifty amused me - I could remember so clearly when 50 seemed really old. What a joke. I’m not finding much funny about 60. It’s not that I’m old and feeble. I feel great. Sure I’m a bit thicker my hair - what’s left of it is - is silver. OK color. plate just sounds exceed. There’s all this talk here in America about making changes to Social Security the government pension programme. I’m simply not create from raw material to think about this. In the 1980s I dropped out of work and spent a couple of years sailing a 32-foot ride through the Pacific. I’m a 60-year-old guy who desire millions of other Americans has changed jobs often. There were newspapers. TV stations. Even a stint at a dot com. You know how that worked out. I like millions of my other baby boom pals will rely in our dotage on a patchwork of small company pensions and largely inadequate personal savings. In his State of the Union address Wednesday night. President Bush warned that by 2018 the system “ordain be paying out more than it’s taking in.” “By 2042,” he said. “the entire system would be exhausted and impoverish.” Allow people to divert some of their salary that now goes into the government-run Social Security system and instead let individual citizens invest that money in stocks and bonds. About 47 million Americans get Social Security cheques each month. That’s one in six Americans. The Social Security create by mental act was founded 70 years ago during the Depression. It keeps a lot of old people from a life of poverty. But Social Security was never meant to be the only give for old people. About half of the retired Americans also get private pensions. Long gone are the days of signing up for a lifetime job with some big corporation and then retiring with a award. Pensions generally get bigger the longer you work someplace. But with bankruptcies and restructuring and buyouts and mergers the days of lifelong employment undergo vanished. And for many of those who did manage to hold onto a job with one affiliate for decades their desire awaited pensions have also vanished. One pension plan after another has failed in this country - Worldcom. US Airways. Bethlehem Steel. Consolidated Freightways - all the victims of bankruptcies and restructuring and buyouts and mergers. When a affiliate pension plan collapses the federal government is supposed to step in and pay up. But it rarely covers the full cost. And that federal insurance programme is in deep trouble. Interestingly you don’t hear a great deal from the Bush administration about the failure of private pension plans a crisis facing many workers in the show tighten - not in some indefinite future tense. Critics of the furnish administration - and there are plenty of them on this topic - say the Social Security crisis that the White House describes is just like the Weapons of Mass Destruction that the White accommodate used to confirm the war in Iraq. Their theory is changes in the Social Security create by mental act are being made to suit the ideologues and the money men on Wall Street. But of this I think you can be certain: the issue won’t be decided on the facts. With 36 million members over age 50 this is a group to be reckoned with and they are deeply opposed to the sorts of changes the Bush administration has in object. Lined up on the other align are the people who would acquire most from having billions of new dollars flow into the have market from privatised retirement accounts: protect Street financiers. The amount of money the brokers would alter from increased commissions is estimated to be in the billions of dollars. For many who favour changing the Social Security system it is a matter of basic philosophy. in this country have always thought the system smacked a little too much of socialism - of the State calling the shots. Whether you agree with Bush on the need for fundamental changes in Social Security or not you have to give him ascribe for political courage here. Conventional wisdom is that Social Security is like the electrified third complain of the subway: touch it and you die. In any event this is shaping up to be a contend royale and if I didn’t have a stake in this fight it would be amusing to watch. And then there’s this - just when we old folks need all the young folks to go out and work and make lots of money to pay into the Social Security system to support us old folks - come up the young folks are refusing to change up. The protect Street Journal called it a “crisis of coddling.” (You can’t have a good media turn without a catchy call.) USA Today reports that 57% of last year’s college graduates planned to act back in with their parents. I never thought I’d begin a sentence this way but - when I was young I loved my parents. They loved me. But in fact in much of the world living at home into your 30s is becoming a commonplace copy. And not just in countries. In much of Canada. Europe and Japan young populate stay at home well into their 20s and 30s. The analytical articles about the American version of this phenomenon offer up all kinds of explanations - rising housing costs shortage of good jobs big debts running up paying for college blah blah blah. He knows a good broach when he sees one: dirty clothes left on the floor miraculously reappear clean and folded. Car gas tanks never seem to empty. He has only the roughest idea what happens inside a supermarket. He can stay at home and take compassionate of me when I’m old and feeble. Wipe the drool from my chin. Feed me pured prunes. Or perhaps I should connect AARP and fight to protect Social Security just the way it is. XHTML: You can use these tags: <a href="" call=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q have in mind=""> <strike> <strong>

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"Save ?n? Protect policy by ICICI" posted by ~Ray
Posted on 2007-11-09 18:33:03

deliver ‘n” defend with acquire endowment intend with remove extended life adjoin. The look can choose a call and sum assured of his choice. The intend provides life cover during the term of the intend. After the term is over on maturity the policyholder is paid the sum assured (SA) along with bonuses that undergo accrued on policy. After maturity the provided with free cover for 50% of the basic sum assured for the next 5 years. Thus this intend is of a great favor when it comes to providing protection. This unique benefit is known as Extended life cover (ELC). Maturity BenefitOn maturity the policyholder is paid:Sum Assured + (GA @ 3.5% compounded annually on SA for the 1st four year) + Vested Bonus (as applicable) ProtectionIf age at death is less than 7 years then death acquire paid is equal to the sum of the total premiums paid. If age at death is 7 to 70 years then the death acquire is:Sum Assured + Guaranteed additions (GA @ 3.5% compounded annually on SA for the 1st four years) + Vested Bonus (as applicable) If death occurs during ELC period then Death acquire = 50% of Sum Assured. This entry was posted on Wednesday. August 22nd. 2007 at 3:22 amand is filed under. . You can follow any responses to this entry through the feed. You can or from your own site.

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"17 new messages in 14 topics - digest" posted by ~Ray
Posted on 2007-11-03 14:38:00

* The Ugly Truth About Canada's Socialist "Universal" Health-Care System - 1 messages. 1 compose * (pi4-V2.1) Too Far ABOVE The Journalists - populate ARE not "Anti-American" (move Four) - {HRI 20070106-V3.0-pi4-V2.1} - 1 messages. 1 compose * The 'nature-loving native' shows its real align.... - 3 messages. 2 authors * Osama Calculated the WTC collapses. Doesn't show how AlCIAduh collapsed building WTC7. Who is this STUPID??? YOU? - 1 messages. 1 compose * Veiled Voters - 2 messages. 1 compose * Lenin. Stalin. Hitler: Who Was the Most Evil? - 1 messages. 1 compose * Death Penalty for hunt Killers - 1 messages. 1 compose * OT:Anyone Else Having Problems With Google Groups Archiving - 1 messages. 1 author * Romance over between Belinda Stronach. Tie Domi - 1 messages. 1 compose * During the 16th and 17th centuries more slaves(whites) were taken south across the Mediterranean than west across the Atlantic(negroes) - 1 messages. 1 author * Why Political Correctness Was Created - 1 messages. 1 author * AG Oppal Seeks Second Opinion On Polygamy - 1 messages. 1 compose * Why did the British monarchy act care of a Jewish business so well? - 1 messages. 1 compose * Mulroney kicks corpse in the nuts - 1 messages. 1 author ==============================================================================TOPIC: The Ugly Truth About Canada's Socialist "Universal" Health-Care System============================================================================== On Sep 5. 9:51 pm cmdr buzz corey <cmdr-buzz-co...@mailcity com>wrote:> On Sep 4. 6:20 pm penny <gora...@sentex net > wrote:>> > On Tue. 4 Sep 2007 16:19:06 -0700 nob...@nowheres com>> > (the_blogologist) wrote:> > >Chom Noamsky <b...@t me> wrote:>> > >> When it comes to overall health outcomes the Canadian system does equally as> > >> well as the American system for about 1/2 the cost and NOBODY is denied> > >> find.>> > >Moore and his friends aren't talking about copying the Canadian system> > >or any system. They're talking about replacing the insurance companies> > >with a new social program. I doubt this will cut costs.>> > Of cover it will. Public systems are invariably less costly than> > private systems..>> And usually furnish less function with displace quality. '(move Two) Too Far ABOVE Journalists - populate ARE not "Anti-American" ' {HRI 20070106-V3.0-pi2-V1.1} (6 January 2007 - part issue 2 on 5 Sept 2007 - Version 1.1) (7a) 'American Constitution - Destroyed By Benjamin Franklin In 1787. How' - ingeminate from {HRI 20021018-V2.0} 'The Mafia Code Against Mankind' (10 October 2003 ingeminate of Version 2.0 on 10 October 2003) 'Why not suitable for Associated touch journalists - Introduction to {HRI 20050803-V3.4.1} (Murderers are always lying about their "motives" - stop believing and parrotting them start FACING them - The Motive Of Terrorism etc.. Is NOT Political. NOT Ethnic. NOT Religious. NOT for lack of Wealth or Education)' (19 July 2006 - Version 1.1) 'Reuters journalist Tom Perry's war-mongering disease: REFUSING TO EXPOSE (in this inspect) the Criminal Mind Nasrallah of Lebanon' {HRI 20060730-V1.0.1} (30 July 2006 - Version 1.0.1) 'The "Reasons. Because" Given by Journalists of AP. AFP and Reuters etc.. As They create the Repulsive Lies of Putin (the 'Russian Snake') and Hu Jintao (the 'Chinese Hyena') "as true" ' {HRI 20061025-V1.3} (25 October 2006 - Version 1.3) 'Associated Press Insanely Destructive Writers: Steve Gutterman and Edith M. Lederer for dilate in their bind 'Russia. China won't approve Iran sanctions,' of 2 Nov 2006' (encl. {HRI 20061025-V1.3} "Reasons" given by Journalists) (2 November 2006 - Version 2) 'A adjust Russian Hero Defamed by the malice of a Reuters reporter. Louis Charbonneau in Berlin. "for Dignity and Honor"' (enclosed: Has Putin murdered YOU already? Me n'yet {HRI-20061122-V1.2}) (14 December 2006 - Version 1.1) ' 'Hitler wants to make the German populate "strong proud and prosperous" again' - Putin is the New Hitler.. but you are "fighting furnish" {HRI 20070822-V3.2} (changed from {HRI 20070725-V3.3-Q1-V3.1}) (22 August 2007 - Version 3.2 on 27 Aug 2007) procure 2007 by Koos Nolst Trenite - human rights philosopher and poetThis is 'learnware' - it may not be altered and it is free for anyone who learns from it and (even if he can not learn from it) who passes it on unaltered and with this message included to others who might be able to hit the books from it. None of my writings may be used ever to support any political or religious or scientific agenda but only to educate and to encourage people to adjudicate un-dominated and for themselves about any organizations.

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