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|Posted on September 24, 2013 at 5:10 AM||comments ()|
The economic news seems pretty positive all round, for continued worldwide economic Recovery. India of course is out of sync on the benchmark interest rate, but it is a dynamic economy where the leadership are a little bit too cautious to accelerate growth. For the moment it seems it will just motor along steadily, and blaming the high inflation on the scarcity of onions, which they are plentifully exporting.
The Greek economy seems to be on the mend, with a secondary surplus expected. With a nation with a population of 20 million and a large area, perhaps they need to encourage people who enjoy farming. The potential must be huge with good climate, abundance of water and good weather as well.
The situation in Spain seems pretty positive too, with a growth of 0.2 percent expected for the second quarter. The benefits of creating jobs and filling up the empty housing, additionally with putting more buses on the roads to service secluded areas more frequently, will surely add to the growth. Blessed with good weather and friendly people, I believe there is huge potential for continued growth in Spain.
A Latin version of Hollywood and Bollywood must surely be a possibility, with intercontinental co-productions?
Germany, well the situation seems so good, with Mme Angela Merkel back in the driving seat.
As regards the U.S., the talk of taper seems both promising and cautionary. As Treasury Minister Jack Lew has suggested, the Debt Ceiling issue needs addressing quite soon. The talk to me seems like a tapered candle, or a washer to be tapered on a lathe...I suppose Mr Bernanke will suggested what will need to be done. The debt ceiling fix of a $1.45 Trillion in August 2011 was a job well done, adding to the money supply and creating the cash flow that has translated into so many jobs, a pick up in the housing market, and continued growth in the US economy, creating heatmaps of happiness for so many more people. The stockmarkets and the banks seem in robust health, creating a huge pool of capital that will service the needs of people as and when they need to borrow and spend. Cash rich companies like Apple attest to that fact.
What would be great would be perhaps the creation of 500,000 jobs per month on a costing of $7 billion per month. If that much additional capital was infused into the system by way of the taper, that would be just great. Five years after the collapse of October 2008, the economic systems seem in much better shape, with strong financial institutions and safeguards in place. A steady worldwide Economic Recovery seems to have been achieved, through co-operation and understanding of nations and the grace of God. In celebration and to continue with Recovery, the world counts on seeing the Republicans and the Democrats in Washington support a cordial agreement, and light a new candle to Prosperity.
Ladies and gentlemen, you may step up to the alter, and light the candle that will add substance to the drams of humanity.
(written by Duru-darshan)
|Posted on August 17, 2013 at 5:35 PM||comments ()|
Brothers and Sisters, I have been asked to give a brief talk on the subject of Obedience.
This is a subject which is very relevant, for late in life, I have found that it gives joy to parents to find their offspring are obedient. By this I imply that children listen to parents' guidance, and do what would find approval in the parents' hearts and minds. And so it must be with our Heavenly Father. And what can be more joyful than to know that we do according to God's wishes, which are known to each one of us according to the dictates of our nature and our conscience. Just as when we are mature and realize that it makes our parents happy if we do that which they would approve, that we are dutiful and obedient children, similarly, I realise that our God in Heaven looks upon with pleasure when we do what he would have us do.
There are rich rewards as fruits of obedience, in the form of good health, good life, good guidance, good nature. To see what our elders have found true, I read President Lorenzo Snow saying that "ever feeling grateful for our earthly being, and more especially for the Spirit of God we have received through obedience to the Gospel." That is really a message of good faith, that we receive the Spirit of God in our hearts when we are obedient. That is such a precious gift.
For such approval and such guidance, the method of following the Gospel is quite straightforward. When I was 13, the love of Christ found a place in my heart, and somehow automatically I have most of my life followed the gospel, without consciously thinking about it.
When Jesus was on Earth, a lawyer asked Him "Master, what is the great commandment in the law?"
Our Saviour said unto him : "Thou shalt love the Lord thy God with all thy heart, and all thy soul, and all thy mind."
That impressed me greatly at age 13, and it has been a great comfort and delight to me, in good times as well as when I have faced difficulties in life.
And the second commandment, "Love thy neighbour as thyself" is a great promoter of understanding of our fellow human beings. If I am fair to myself, I cannot be mean towards my neighbour if he says a few nasty things about me, after all, unless I don't love myself and would not excuse any shortcomings on my part. Before I developed this realization, I always took on faith what our Saviour said : "Love thine enemy". I realized that this is a great formula to save our hearts from burningwith hatred towards anyone who has wronged us. We don't call Christ our Saviour for nothing.
Those who follow these two great commandments are probably likely to love themselves so much and have such a pleasant life, they are likely to follow the rest of the ten commandments even if they were not aware of them. That I do believe.
When one is absorbed in living a joyful life in the assurance of receiving the Spirit of God in one's heart here on earth, and today, not some date in the future, then one simply cannot do ill or fall prey to temptations. I simply would not wish to have God disapprove of any of my actions, I have such love and respect for our Heavenly Father.
I share my testimony and ask for God's blessings for continued guidance in the name of Jesus, our teacher and Saviour.
(written by Duru-darshan
Melchizedek Priest, LDS Ilford)
|Posted on August 14, 2013 at 5:55 AM||comments ()|
I note my readers searching for Divine Supplements in Goodmayes.
The address is 855 High Road, Goodmayes, Ilford, IG3 9UZ, not far from Tesco, with ample car parking.
Telephone number is 0208 590 7900. Shop is open only on Wednesdays and Saturdays, 10 am to 4 pm.
Other days by appointment.
Mr Wilson there is one of the best masseurs, especially for Frozen Shoulder.
People over 75 years of age can get first massage free.
Missingx.com is a good website to track anything that passengers may have forgotten on British Airways planes.
Anyone wanting to check my professional details could do well to check the volumes at public libraries,
or online, of : Marquis' Who's Who of the World (who have listed me since 1996) and
Stanford Who's Who (where I am listed since November 2011). Look up Durudarshan H. Dadlani.
My e-mail is : [email protected]
mobile : 07505 830518
|Posted on June 25, 2013 at 6:56 AM||comments ()|
According to Reg Varney, the Fox news commentator, the world's central banks collectively have pumped in some Fifteen Trillion Dollars into the economies over the last few years. This is a hugely interesting figure...it should suggest the world is swimming in money, and not in need of further stimulus at all at all...
So far as publicly available figures indicate, the U.S. raised its Debt Ceiling by $2.15 Trillion Dollars on 3rd August 2011, and thereafter via QE 2 and QE 3 by a further $85 Billion a month, which has been trimmed by 1/12 since February 2013 since the Sequestration cuts kicked in.
In the United Kingdom, some £375 Billion of Credit Easing facilities have been introduced by the Bank of England, all told, till currently.
I wonder which other central banks have printed that gigantic amount of cash and released it into the system.
The current figures from Russia indicate a slow-down there, with GDP figures progressively being downwards, mainly due to lowering Oil prices on which the economy relies so heavily. Oil prices in the global context are of course likely to head down further, if recession is to be avoided once again.
The current oil stockpiles in the Middle East and the Strategic Oil Reserves would corroborate this scenario, and it can only help the oil exporting nations to keep the oil price low for some time till economies can pick up again.
To avert a slow-down at home which would impact the world, I believe the BRICS nations, with the exception of China, should consider a generous cut in the benchmark interest rate. I would suggest, that is the silver bullet, and they ought to utilise it.
China under the Rising Star of Chairman Xi is bound to do well and he likes progress and prosperity for his people; however, they are unlikely to keep on manufacturing goods cheaply and ship them out to the rest of the world, and on credit at that. A greater demand and consumerism in China itself is likely, and a re-focus is probably causing the current mild hiccup. It is a matter of record that when Honourable Xi was a rising star in his party, his comments and suggestions created a boom. I cannot believe that now he is in charge, anything but the best will be possible for China.
With increased trade between nations, and extension of credit facilities and investment into one another's cultures, a great hope of continuation of the world economic Recovery is always bright.
|Posted on June 18, 2013 at 3:54 PM||comments ()|
Some good points have come out of the G8 summit held in Enniskillen, Ireland.
It was prefaced with the arrival of President Obama, where he started with an endearing and inspiring speech, that is sure to have sowed the seeds of peace and progress through co-operation and understanding, a theme which has built and matured in Ireland since the visit of President Clinton fifteen years ago.
The G8 leaders seem to have agreed on tackling the question regarding tax havens and thereby tax evasion by corporations and individuals. The loopholes which have till now existed are going to be closed through legislation and a requirement for corporations and individuals to disclose fuller details regarding creation of profits, taxes paid, where domiciled, where taxes paid, etc. This will mean the national treasuries benefit from tax collection.
Such legislation will also help the Emerging economies, such as Russia, India, South Africa, Brazil and China (otherwise the BRICS nations) who at the moment are bereft of tax to the tune of some $180 Billion which corporations operating in their jurisdictions adjust through having their identity domiciled elsewhere. This will be a boon for all these economies.
President Obama mentioned the trade amounting to One Trillion Dollars annually each way between the U.S. and the European Union, and the fact that Europe invests Four Trillion Dollars into U.S. annually, and the U.S. does likewise into the European Union. This helps to preserve some 9 million jobs on both sides of the Atlantic. This is a cause for mutual celebration.
Federal Reserve Chief Ben Bernanke has reiterated the policy of continuing with the stimulus, but tapering it if improvement or deterioration in the economy dictates. In any case, the policy will be to take a step away and observe the need of the economy. This augers well for continuation.
The Bank of Japan seems to have tamed their stimulus, and this again augers well so that it does not aid inflation. To the contrary, Japanese goods and investments available overseas will create a good market, and help prosperity, especially in the developing world.
As usual, you can send me your comments by filling in the form ----> Your comments please.
|Posted on June 1, 2013 at 9:21 AM||comments ()|
Thanks for your visits to my website and blog. The stats are quite impressive to me anyway, with an average of 12,000 visitors a month over the last six months, with a total of 196,493 visitors so far since I started to blog in June 2011. So the latest numbers indicate a gratifying growing number of readers, thanks to you all. I hope you continue to find my blog informative on debates of contemporary concern In the world of finance, economics, philanthropy and other issues of human concern.
Anyway, my posts over the last 30 days were as follows, and you may wish to look them up and have a read :-
Heavenly Father likes us to be joyful
Ramdev Ayurvedic - Goodmayes Business Centre
Winds, be thee still
Hello, Dorking and Oakland
What should we have instead of austerity
Welcome Amsterdam, Walnut, Atlanta
The youth employment and the Retirement age.
What's happening with the economy?
Hello, Amsterdam. Masseur voor Frozen shoulder.
That's it for the moment. Wish you all an enjoyable weekend.
|Posted on May 29, 2013 at 4:29 PM||comments ()|
I went for a long stroll this evening. Even after a light meal, I felt a bit heavy. Probably due to eating two boiled eggs yesterday (normally I seldom eat eggs).
Where previously they had restaurants with a bar which seldom had customers, now they have turned them into family restaurants, no alcohol, no smoking, just good food, and they seem to be doing well.
Others, a Turkish kebab house, is on a big scale, but still has a steady stream of customers, it seems to serve fresh well-cooked food and the prices are probably reasonable. Restaurants which people normally use when they celebrate also seem busy. When people eat out, they spend to a budget, but don't like going to places which look a bit too homely, cheap food just to fill the stomach; those establishments will have the occassional customer, but that is all.
When I read that in England people have been spending less on food over the last few months, that suggests people are becoming health-conscious and buying selectively, and probably also eating out a bit more, as the good restaurants being busy would suggest.
The current Recovery in the U.S. is being fueled by the quantitative easing and the record low interest rate. The housing market has started to pick up at last, although fewer houses are being built recently.
The Japanese quantitative easing has helped Japan turn around, with the Yen and Japanese goods becoming a bit more affordable. Coupled with the trend of Japanese investments overseas, this is certainly doing good to a lot of people. As China buys more Japanese bonds and currency, the whole region is promising good growth. Chinese newcasters and public figures seem to be sporting high-end European and American brands in attire, which creates balance in trade and fulfills peoples' taste.
Here in Ilford, shops which were too large are being converted into smaller shops, and people are putting good fitments and creating neat, attractive parades. It probably remains for the Bank of England Guvnor to pump some additional credit and quantitative easing into the system to create a boom, which would be a great blessing and bring the normally happy atmosphere of peace and plenty.
On Thursday I pray the MPC members will give Sir Mervyn King a supportive vote to do the necessary
That's about it, except to mention that the Oil price is still quite high. A lowering of $10 per barrel in the context of 30m b/d would be okay for most of the OPEC members, and as the rest of the world motors ahead, so can the OPEC economies continue to develop their infrastructure projects.
|Posted on May 28, 2013 at 7:24 AM||comments ()|
It seems a little bit of tweaking and changes in policy may improve the situation in Europe dramatically, at least I believe so.
The high rate of unemployment amongst the under-25s and the debate about the Retirement age surely throws up possibilities of correction and growth in the right segments.
People like to retire early, not work into their old age! People like to work a slightly shorter week, so they can enjoy some leisure time enjoying the sunshine, pottering around town, meeting friends, playing cards, taking youngsters to all the exciting places, and so on. That is the boon of the Digital age, where people shouldn't have to work long hours. Each new generation should have more leisure time, and a better standard of living. Why not?
And the young people, why should they be unemployed? If there is work to be done, they should do it instead of the older people. Does it not make sense? It would reduce unemployment amongst the young people, who are the strength of this generation. What a relief it would bring.
If more young people are facilitated into the jobs market, they will become empowered to do all the traditional jobs such as plumbing, shop-keeping, driving, cooking and catering, house-building, architecture, book-keeping, teaching, nursing, pharmacology, dentistry, librarianship, well you can add a few names as well.
As the young people work, the economy will boom, able to support the people who need to retire and draw a pension. It will seem fair if people who have worked hard for so many years can retire at a reasonable age and enjoy a future of a leisurely life, whilst the young can convert all their talents and energy into wealth for their nations, by work, enterprise and innovation.
Europe can endeavour to put young people into traditional occupations, as well as nurturing talents for the digital economy. Maybe the lucky ones will help create some star performers like Facebook or Pulse or Tumblr, and those can be developed as hobbies by the rest of us I guess.
Now I hope the legislators and labour department superemos can sit down and formulate some ideas that will turn all that latent energy into wealth and growth for Europe.
|Posted on May 23, 2013 at 5:33 AM||comments ()|
The I.M.F. has a good suggestion for Britain : to inject some capital into infrastructure projects. That would of course create or maintain lots of jobs, as well as upgrading the infrastructure.
There may be a good argument to bring forward the house-building at the racecourses, refurbishing houses in the deserted towns in the regions, and perhaps assisting people to move away from the main areas and into these new areas, which could create a lot of economic activity as well as giving people better housing, jobs (in a new town you would need doctors, nurses, cinema ushers, porters, teachers, traffic wardens, salespeople, double-glazing companies, solar panel engineers, builders, drivers, electricians).
The shale cracking or fracking industry could be a viable alternative, once safety concerns have been ascertained, creating jobs, lowering energy bills, making Britain an affordable place to live in, and attracting more people to consider making Britain their home if they are suitably qualified to add to the economic life here.
The lending requirements in the housing sector are of the order of a £100 billion, and yet Bank of England Guvnor Sir Merwyn King is only backed by 2 of the 9 MPC members for an additional stimulus of £25 billion. The other seven would probably like to keep Austerity measures, the snake that is squeezing life out of the European economies. As the IMF has suggested, growth would be the alternative, and a stimulus is the required cash flow mechanism that must be utilized. The U.S. quantitative easing policy has shown that it is a practical way to come out of recession, and both the U.S. and Britain are blessed in this regard in that they can issue their own legal tender. The MPC board members can hopefully see the sense of it, and give Sir Merwyn the vote to issue a further stimulus before he retires. It will be a blessing to the nation, and in time for the royal birth in June.
What should we have instead of Austerity? Well, of course, a jamboree and a celebration would be good, which will help people satisfy their reasonable demands of a growing prosperity. The quicker it is put in place, the earlier the cycle of wealth creation can continue, which in turn will bring money to address the deficit, and the only really practical way of growth. Can you imagine a shop-keeper without cash flow? Nor should the MPC board members see Britain in such a light.
|Posted on May 21, 2013 at 4:43 PM||comments ()|
The Last Great Prophet, a review by Thomas Sugrue
It seems there are people regularly interested in the review of the above-name. This, according to
a reprint of the original 1937 edition of Think and Grow Rich (with a foreward by Tom Butler-Bowden),
appeared in the Herlad Tribune, in the 1930s.
The book itself is entitled Mohammed, a biography, by Essad Bey, who has a few books to his credit,
The above-mentioned biography and the previously mentioned review by Thomas Surgrue, have earned their names in recent history, I believe.
All religionists are dreamers, who have believed and pursued a dream, as did Mohammed, as did Christ, as did the Buddha. Their distinguishing characteristic was persistence, a characteristic that is the top quality necessary for any kind of success, followed by a purpose, a plan....and action.
All these revered figures had one more distinguishing feature in addition to a message of God : a message of love, preaching God's love for humanity and the unifying fact of humanity : love and honour for all, as brothers and sisters in humanity.
Today, I send my message of peace and love to the people of Oklahoma, Iowa, Arkansas, Missiouri, and the other states who have seen devastation at the hands of Nature.
When I think of the twisters and tornadoes (now heading for Nebraska and Texas) I imagine Christ's command : Winds, be thee still.
Likewise, we should follow in the footsteps of Jesus, and say : Winds, be thee still.