India – Banks’ Bankruptcy

March 14, 2023

India – Banks’ Bankruptcy

Padmini Arhant 

NB: The following message aptly fits plutocrats running the gamut in world stage. The loot and scoot culture is a revolving door returning to old habits not die hard instead declining death and contrarily revival to rip off average folksthe fair game and easy target for plutocracy and kleptocracy.

Indian politics run by plutocracy and kleptocracy need to look no further than pay attention to own house in disarray. 

Indian national bank viz. State Bank of India, Life Insurance Corporation of India… among large national banks and financial conglomerate serving specific corporate interests viz. Adani, Ambani, Tata  Vedanta groups and alike…granted free unlimited unfettered access to squander public savings, insurance and annuities held in the finance and insurance industry. 

The worst among government involved banks’ bankruptcy is the government aided fugitives syphoning public funds held in savings and deposits leading to major Indian banks such as the Punjab National Bank and similar ones nationwide shuttered shattering ordinary depositors trust and life earnings leaving them on the lurch with some even committing suicide from the trauma earlier in demonetization and thereafter in series of banks’ insolvency. 

Whatever is left in financial sector in India doubled down with leading corporate entity i.e. Adani groups rapid down slide in stock market with national impact considering New Delhi central government magnanimity handing the Adani companies ownership of national assets from airports to seaports, farmlands, mining areas…pretty much national landmass to one or two corporate empires since assuming office in 2014 until now.

The New Delhi national leadership legacy contributing to super wealthy status of Adani, Ambani and selective plutocrats are hardly a matter of pride rather treasonous to the nation and citizens at large. 

Accordingly, shunning own reflection cannot make the mirror show image other than the one in it. 

Getting own house in order prior to wanton indulgence to shame anyone in nuanced nonsensical charade is the least expectation from those who are in no position to engage in mud-slinging using any pretext. 

Indian politics and their recruits IT sleeper cells on social media – realization in this regard is important.

The crony sycophant political punditry on New Delhi payroll fromTamil Nadu in particular is reminded on propaganda claiming any well substantiated factual information on debilitating Indian affairs viz. political, economic, social and environment status presented in this site and sub-domain an attempt to derail New Delhi national leadership is nothing more than evading accountability on abysmal performance in the past nine years only worsening as time goes by.

Above all, the political punditry in Tamil Nadu introducing self as Senior journalist is further enlightened on the national leadership current situation.

Anyone lying flat on their face shrouded in doom and gloom require no external interference in the self-chartered precipitous fall accompanied by sycophant punditry and servile contingency landing in bottomless pit.

Padmini Arhant

Is Stock Market Rigged like Everything Else?

August 30, 2022

Is Stock Market Rigged like Everything Else?

Padmini Arhant

While misogynists and prejudiced predators are preoccupied in their usual incorrigible discrimination and hate mongering of their specific target,

The real pertinent question beckon attention and response.

Is Stock Market Rigged like Everything Else?

In the era of rigged elections, various questionable and shady practices in anything and everything goes legitimized in economic sector, in the areas of health  and wellness causing the devastating pandemic for profitability, currency adjustments in devaluation, waging wars to boost weapons trade and last but not the least the alma mater in corruption – politics, the genuine concern over stock market performance to suit the whims and fancies of those controlling the gamut is natural and alarming at the same time.

The trending information on stock market maneuvering and management to best accommodate the goals of major players in the all for us viz. the exclusive filthy wealthy and none for you meaning the rest designated at their mercy is nothing new.

The difference in the present time is exposure of manipulation within either via technology and / or caustic interjections to hinder or hype stock value creating dynamics against market buoyancy.

However, there are many reasons leading to the interference in natural market conditions that are obviously veiled defying transparency.

In the world largely submitted to opaqueness and secrecy for vested and personal interests in financial and economic sector in return reining influence over politics, the natural process of anything rising well and above sustainability susceptible to gravity and contrarily the plateau elevation is a parallel dimension.

The stock market in itself attracts all sorts of bidders and traders contributing to further complexity.

Padmini Arhant 

Author & Presenter 

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Prakrithi.PadminiArhant.com 

Globalists – The Billionaire Charm or Chasm

July 18, 2021

Globalists – The Billionaire Charm or Chasm

Padmini Arhant

The billionaire club – what anyone does with their personal wealth in their private life is entirely individual discretion. Again, the same principle is not extended to all by the global elitists having assumed power as entitlement to enroll or expel whom ever they prefer or reject in society. The idea of free speech in the present time is transformed into a privilege. The social media they overwhelmingly own and control albeit due to ordinary citizens engagement in these social platforms as users and consumers are conveniently forgotten forbidding citizens from the public domain for not conforming to their political ideology and faction they represent in the government.

The global elites reserve the rights to be discreet and hold secret meetings as secret society to discuss and strategize on global affairs directly affecting every man, woman, child, their dog and livestock in any situation. However, the content and minutes of the meetings are ever held secret barring public and real independent investigative press knowledge on the matter.

Ironically, they criticize their arch nemesis as recluse for living a normal life and importantly they are irked with their enemy for unwilling to bow taking marching orders from them in reminiscence of enslavement of those they regard not worthy of any respect. The proverbial old habits die hard is prevalent in the indignation of anyone who do not agree with them and roll over in the swamp that are expected and carried out by the servile appointees to the position remaining a front for the secret society and the deep state.

The space travel is a new fad among the latest billionaires who have otherwise declared bankruptcy laying off more than 3250 employees citing global pandemic for massive termination and even sought governments’ assistance at average tax payers expense despite the latter hit beyond revival. The wealth at their disposal is apparently well spent on extravagant pleasure trip to the galaxy that were otherwise not available to retain the heavily hurt ordinary workers in the worst crisis. The other billionaires on their part justify their stance on pushing merchant fees $7.50 in credit card payments on solar energy to struggling home owners saving the costs from it for their space journey. There are others in the billionaire league whose employees share their grievances on poor working conditions such as long hours with less pay and no incentives on hard labor of thousands of workers contributing to the billionaires’ success story.

Then there are billionaires entrenched in defining and regulating human genome, lifestyle and mind via investments in scientific experiments and altering seeds germination targeting staple diet of mankind and livestock hormone injection…regarded innovative ignoring cataclysmic ramifications experienced right now.

These are serious side effects of excess wealth granted power evolving into control over global society. When billionaires expand their role from the designated industry and field to running governments, public policies and elections, the metamorphosis is the last straw for global awakening. The monopoly in the relevant sector to a large extent marred with violation of anti-trust laws is the norm. The trend endangering the market economy healthy competition that instantly impact end consumers is slighted for unrealistic profits.

The billionaires decisions to operate and manufacture goods and services from nations that are against democracy, individual freedom and human rights bear responsibility for human suffering across the globe. These companies actions in this regard solely to enhance earnings per share (EPS) in shareholders’ interests have drastically diminished any hope for the political dissidents, human rights activists and environmentalists in their respective cause.

The tech oligarchs viz. Facebook, Twitter, Google and Google owned You Tube have overgrown in size and seismic activities curtailing free speech and free and fair elections that are the foundations of a functional democracy. These tech giants have arbitrarily taken upon them the status as the gatekeepers in the social media platform censoring voices and comments that are considered anti-globalists i.e. the deep state run and manned system.

The consumers and users have the power to turn the wheels around having enabled the meteoric rise of these tech powers in social media. The average consumers presence and subscriptions are the result of the phenomenal power gained by social media tech oligarchs now biting the hands of the citizens feeding the tech social media growth. Anything out of control demonstrated in policy and management are to be contained in protection of basic rights and civil liberty.

Thank you.

Padmini Arhant

Author & Presenter

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Prakrithi.PadminiArhant.com

 

 

 

Business – Greed Mightier than Gravity

July 10, 2019

Business – Greed Mightier than Gravity

Padmini Arhant

When business profits rise so does greed.

Human nature succumb to greed unable to resist the pull stronger than gravitation witnessed throughout mankind history.

The adrenaline surge experienced in soaring profits and market shares could also blindside entrepreneurs not exercising relevant executive wisdom.

Courtesy – Images from Business Insider Articles July 10th, 2019. Thank you. 

Amazon fined a College student $3,800 for returning a rented textbook 4 days late!

NOT COOL AMAZON! 

The pilots delivering Amazon packages say working conditions are unsafe, and it’s a medical risk.

Amazon – Your customer service is par excellence. Your company is pledged to absolute customer satisfaction. However, the feat is impossible without employees and workers performance across the spectrum.

Businesses recognition of the ultimate truth that employees especially the ones at the bottom to middle management deprived of mega profit sharing and customers together make any business operation successful and profitable.

As a proud customer of your products and others in the open market – I request Amazon and other companies to take care of their employees and staff besides customers and clients benefiting from those employees hard work and significant contribution.

By the way that student fine $3,800 is unreasonable and unrealistic. There is obviously a better way to discipline customers and anyone using business service such as renting textbooks within certain parameters without further weakening the weaker demography viz. students and lower income groups in the economy.

Thank you.

Padmini Arhant

Author & Presenter PadminiArhant.com

Prakrithi.PadminiArhant.com

 

 

 

United States – Federal Reserve Banking Deregulation

June 1, 2018

Federal Reserve Banking Deregulation 

Padmini Arhant

The Federal Reserve vote on banking deregulation two days ago renamed as Volcker 2.0 from the earlier one Volcker rule named after the ex-Federal Reserve Chairman Paul Volcker merits attention. 

The deregulation favoring major banks apparently with bipartisan support that includes a Democrat Lael Brainard among three sitting Fed Governors is claimed as simplification of the previous version. 

As such, Congress having blocked the rule that allowed consumers recourse against banks in addition to repealing fair lending practice in auto industry stated to have discriminated minority borrowers from white peers do not bode well in the economy comprising diverse consumer base.

The  Federal Reserve move towards new rule Volcker 2.0 cheered among  finance sector lobbyists in Wall Street and big banks having been responsible for financial crisis drowning significant number of homeowners and ordinary citizens in deep financial situations forcing bankruptcy and foreclosures on many beyond salvation requires public debate and approval rather than decision among core members representing vested interests.

The taxpayer insured banks and public deposits in financial institutions and importantly mortgage securities deserve scrutiny and regulatory compliance considering the banking industry earlier ventures and unrelenting activities that led to taxpayers bailout of the banks and finance institutions.

The ordinary taxpayers were abandoned in the mortgage fiasco while the big banks and hedge fund companies were rescued using the same taxpayers hard earned tax dollars in the do or die call following financial sector debacle. 

What has been recognized by common citizenry from past experience and established now is there will be no such thing as Bank or Insurance Industry Bailouts using taxpayer funds regardless of any dire scenarios sketched in the SOS – Too Big to Fail moment.

Though the new rule reported to retain the earlier version’s restrictions on speculative trading also known as proprietary trading, however providing classifications on trading activities for possible risk laden investments at banks discretion are to be weighed carefully given the finance industry’s notable impulsive characteristics for undesirable options. 

The article will resume highlighting other concerns related to Wall Street and Federal Reserve measures to ease regulations that are meant to protect ordinary citizens and common taxpayers being the overwhelming majority in the economy against the top 1% targeted goals to continue business as usual at the former expense.

Thank you.

Padmini Arhant

Author & Presenter PadmjniArhant.com

Prakrithi.PadminiArhant.com 

International Banks Monopoly – Interest Rate Swap Fixing in US$320 Trillion Market And Anti Trust Class Action Lawsuit

January 31, 2016

By Padmini Arhant

Wall Street control over finance is no surprise.  However, the major players in banking sector deriving billions of dollars in interest rate swaps dealings worth US$320 trillion exemplify monopoly.

The bankers barring non-banks participation from trading common derivatives like interest rate swaps on electronic exchanges similar to stocks subvert market economy.

Capitalism morphed into monopolistic system threatens the foundation of free enterprise preventing vibrant competition and fair pricing eventually affecting public investors in the market.

Such activities are not without repercussions and as expected the class action law suit filed in U.S. District Court in Manhattan, New York in November 2015 against Goldman Sachs, Bank of America Merrill Lynch, JP Morgan Chase, Citigroup, Credit Suisse, Barclays, BNP Paribas, UBS, Deutsche Bank and the Royal Bank of Scotland is the tip of the iceberg.

The lawsuit filed by The Public School Teachers’ Pension and Retirement Fund of Chicago against the banks and trading platforms ICAP and Tradeweb sheds light on bankers’ network in collusion with swap key cogs rheostats behind securing complete management and monetary rewards in swap market.

The bankers’ safety net for profiteering on interest rate and credit default swaps reaping phenomenal returns while prohibiting investor friendly swap exchanges development from CME Group, TrueEX, Javelin Capital Markets and TeraExchange confirms antitrust violations necessitating actions for transparency and accessibility to protected derivative infrastructure.

Adopting unethical and unlawful means not excluding aggressive tactics to restrict exchange trading, the bankers solidarity in thwarting swap deals availability to general investors endanger market economy viability.

The banks listed in the antitrust lawsuit maintaining equity ownership in trading companies like Tradeweb maneuver rules in their favor for exclusive rights in derivative products.

With the main objective to inhibit growth in profit sharing derivatives domain, the banks and relevant firms complicity follow precedence despite the practice resulting in US$1.87 billion settlement last September in antitrust breach and egregious decisions for vested interests.

In politics and economy, the operatives at the helm projected as promoters of democracy and capitalism respectively proved to be otherwise in reality.

The functions demonstrate credibility or the lack thereof and determines sustainability.

Finance and banking industry representing the axis of economy require scrutiny and accountability eliminating seclusion in profitable zone not to mention carte blanche authority amongst leading international banks claiming privileged status evade compliance of rules that are applicable to the rest.

Removal of abusive standards set up to benefit large financial institutions and trading counterparts is paramount to avert ripple effects on the economy.

Peace to all!

Thank you.

Padmini Arhant

 

 

Colombia – GM Negotiation Failure with Auto Workers

September 26, 2012

By Padmini Arhant

Colombian autoworkers employed by General Motors were on hunger strike with their mouth sewn in protest against the automaker policy found discriminatory and exploitative compared to international labor standard.

The earlier fasting in similar manner was called off at GM’s behest with management offer to address grievances to employees satisfaction.

However, the talks favoring GM position understandably was not acceptable to labor union representing the plant workers forcing them to resume dissent abstaining food intake like last time.

Finance and auto industry – the chief beneficiaries in the U.S. taxpayer bailout not only evaded responsibility on the economic crises but also continue to practice business as usual.

Although, corporate executives net income and bonuses are secure and exponentially increase in relation to company profits,

The inclination for fair income distribution with rest of the organization especially the blue collar team and those at the lower end of hierarchy in administration and other areas are nil contributing to stagnant economy restricting consumer base and desirable living conditions in society.

Whenever corporations neglect workers despite being the production unit, the trend hinders manufacturing sector ultimately affecting business earnings and competitive edge in the global economy.

Globalization packaged with free trade agreement alongside World Bank and IMF conditional financing shackles workforce depriving them decent wages, job security and local productivity challenged by mega corporations – the target being developing nations in particular.

Simultaneously corporate overseas ventures in search of unlimited access to human and natural resources marginalize industrialized nations labor market resulting in subjugation and reduction in average citizens household income worldwide.

Realistically income sharing spread across the globe among ordinary citizens lowers economic status with austerity further exacerbating survival.

While senior management and top officials thrive on extraordinary remuneration, stock options and various entitlements in the absence of accountability for erroneous decisions attributed to major debacle with pervasive impact.

General Motors’ profitability post taxpayer rescue cheered at U.S. political convention as a remarkable achievement with incumbent leaderships ignoring ongoing stalemate between GM and auto plant workers in Colombia – the FTA (Free Trade Agreement) drawback for partner nation designed to benefit globalization concept.

United States government being an equal stakeholder in GM operation at home and abroad bears the burden in resolving disputes of any kind.

Colombian workers experience with foreign corporation is a common plight and the government functioning directly under external power control – neither domestic nor international rules necessarily apply facilitating economic oppression.

Moreover, militarization in Colombia allowing U.S. troops presence through permanent installation is essentially dismissal of sovereignty usurping authority over selected or elected political system in the state.

The pattern being globalization agenda for regional and eventually global dominance evidently aimed at complete surrender to economic and military dictum.

General Motors’ failure to settle issue with Colombian workers could severely damage goodwill, employees’ work ethics and above all confirm United States government commitment or the lack thereof towards hard working population considering U.S. ownership of the corporation.

The outcome would determine General Motors fate with workers signifying prime asset value for enterprise existence in the tough environment.

Hopefully rationale would prevail in reaching amicable agreement on the contentious problems confronting corporations expanding offshore.

Wishing reason and integrity success setting future precedence.

Thank you.

Padmini Arhant


More at The Real News

More at The Real News

Global Finance – Dissolving Federal Reserve, ECB, World Bank and IMF

September 8, 2012

By Padmini Arhant

Global economy controlled by financial sector under private management has evaded public scrutiny despite being responsible for major debacle since seizing absolute power over money supply.

Reiterating the fact – Federal Reserve in the United States as a private entity with a general impression of representing national banking authority override sovereignty by minting money and profiteering on interest against notes despatched to government for use as Treasury bills and lending money on bonds.

The practice over a century has empowered few individuals and undermined national financial status indefinitely indebted to private organization self-exempted from audit and oversight.

Federal Reserve usurped government in maintaining direct access on cash flow in the economy.

The Federal Reserve handles activities ranging from projections, interest rate determination to intervention in monetary policy on government behalf under the pretext as ultimate decision-making central authority again without the burden of accountability.

In a republican system – the people via government would head these functions and address fiscal issues effectively rather than delegating to private entrepreneurship linked to conglomerate with vested interests evident in the status quo.

Federal Reserve is a private company owned by selective groups in the hegemony hierarchy disguised as an institution to run sovereign nation financial affairs with primary aspiration to sustain consolidated power on national finance and banking industry.

The recruitment in this organization invariably involves hegemony members especially the chairmanship right down to key positions in order to implement agenda designed to favor exclusive proprietorship.

Federal Reserve ineptness and failures on timely interceptions to avert precipitous economic meltdown notably in 2007 and 2008 followed by then chairman Alan Greenspan along with previous administration Treasury Secretary Henry aka Hank Paulson also tied to nexus group call for bank bailouts claiming a do or die situation is a classic example of well coordinated exercise to solidify gains out of calamity.

The tradition continued till today to demonstrate loyalty to Wall Street and hegemony.

Notwithstanding individual profits raked from financial disaster experienced until now and expected to worsen upon allowing dysfunctional and deceptive proxy agencies to operate under the guise of monetary epicenter.

Federal Reserve consistent role in defending banks default and reckless undertakings to receive taxpayer funds at national expense cannot be ignored and confirms the embedded strategy to protect selective cause regardless of endless ramifications with pervasive impact.

United States and other nations under comparable scheme pursuing republic money management in nationalized structure using sovereign currency as monetary unit,

Besides necessary regulations on banking and finance are the only prudent approach abandoning current methods imposed to suit privileged class motives behind manufactured economic crisis.

The stringent measures to curb speculative trading and toxic securities that contributed to global downslide restricted at respective origin could drastically reduce risks facilitating reliable transnational exchange on swaps, futures and contingency liabilities involving diverse products in the international market.

Likewise investment banks or equity management firm divergence adapting to volatile commercial ventures, arbitrary trading and ill advice for short term prospects neglecting long term repercussions exacerbated inherent unpredictability dragging state economy such as Greece to a diminishing point of return.

The beneficiary not surprisingly being the problem source absolved of any compensation, libel and reproach.

Commercial banking – customer deposit security increasingly at stake due to FDIC (Federal Deposit Insurance Corporation) assurance limitations combined with major banks ambitious mergers and acquisitions for market monopoly.

Monitoring overall banking activity i.e. retail and commercial including myriad trade options subjected to independent external verification imperative to avert bank insolvency.

Federal Reserve poignantly serve nexus group with flagrant measures on quick fix basis yielding more uncertainty and perpetual economic turmoil conforming to capitalizing on catastrophe.

Likewise in Europe, the central banks and prominent territorial players dominant in conditional capital provision escalated economic plight through erroneous requirements viz. severe austerity in the absence of growth – possible with result-oriented investments and pragmatic solutions instead of adherence to crumbling euro zone and,

EU commission ironically laden with wasteful expenditure related to bureaucrats exorbitant remuneration amid irrational spending cuts proposal focused on payoff to financiers generating cash from debt.

European Union and euro are New World Order prototypes for emulation world over.

The fundamental flaws in the concept aimed at subjugation of sovereign nations with trade imbalance, general standards applicable to all irrespective of unique challenges, safeguarding banks slighting generational indebtedness on citizen and,

Not to mention interference in political affairs with successful appointment of hegemony representative to implement detrimental policies aggravating citizens hardship than alleviating them.

European Union and euro fragility emanating from contagion effect on negative trends in particular cannot withstand prolonged economic woes experienced by weaker economies ultimately becoming economically stronger nation’s obligation to avoid sinking Titanic scenario.

Others would legitimately expect similar response in synonymous condition posing litmus test for those providing funding to remain fair and equal while preparing to deal with domestic opposition to foreign state bailout.

Globally, the financial dragnet originates from two contentious and controversial setups – World Bank and (IMF) International Monetary Fund.

These two institutions emerged post World War II coinciding UN formation by western powers for easier access to foreign capital and resource.

Accordingly both World Bank and IMF have systematically derailed economies with unreasonable demands such as mandatory membership to force acceptance of rules falsely leading to surrender of sovereignty and securing projects for oligarchy depriving locals the business opportunity.

In other instances, the so-called development programs in developing and poorer nations have benefitted corrupt governments in cohort with capitalists reaping disproportionate returns on meager investment leaving behind deficit economic status or at worst a banana republic like Argentina and Indonesia during the height of excess intrusion.

Contemporarily, IMF and ECB directions to Euro zone members are targeted at enhancing banks capital reserves at population peril.

World bank indulgence in economies largely with sinister intentions has marginalized countries that were otherwise self-sufficient and export-oriented until WB or IMF influence and engagement.

Furthermore World Bank and IMF chief are constantly selected from United States and Europe given their affiliation and affirmation to secret society doctrine.

The remedy is to reject these institutions determined to accomplish objectives verifiably paradoxical to humanity progress.

Every nation reverting to community banks, regulated private finance centers and credit unions and above all –

Money distribution backed by gold under public ownership would be a preliminary step towards freedom from sovereign debt accumulation ending unscrupulous tactics to subvert positive sustenance.

Regional cooperation without compromising individual liberty to enter or exit consortium not barring thoughts and ideas to share among participants for genuine goals guarantee mutually anticipated outcome with dividends on fruits of labor.

The existing organizations in Latin America, BRICS and African nations collaboration to consolidate relevant assets allocating for basic to advanced needs extending beyond borders would be a dependable buffer zone and exponentially deliver financial security.

Non-compliance by victim nations on excruciating terms binding illegal debts,

Republic defiance of fraudulent techniques with coveted image would essentially dissolve premiership adorned by Federal Reserve, ECB, World Bank, IMF and European banks stake holders depleting global wealth for personal luxury.

Henceforth terminating systemic abusive culture attributed to immense suffering worldwide imminent to revive life with dignity.

Wishing republic resurgence in finance, politics, economics and justice for universal prosperity and social equality.

Peace to all!

Thank you.

Padmini Arhant

http://youtu.be/Zv0QlZHu3oc http://youtu.be/hEZfMruLMSI http://youtu.be/PkFXdj1y3mE http://youtu.be/kdviu6ziGqM http://youtu.be/HRduwYgrU7A http://youtu.be/n0NYBTkE1yQ http://youtu.be/ZdQ92YGqGq8 http://youtu.be/AidBugvVqpw

United States – Wall Street and Washington Job Action

October 15, 2011

By Padmini Arhant

American families across the nation are hurting from the tough economic times with layoffs, housing market decline, credit crunch and expensive health care costs taking toll on middle class, lower income groups and small businesses all over.

Main Street justified frustration over high unemployment; unlawful foreclosures and unaffordable health care expenses are demonstrated in ‘Occupy Wall Street’ protests spreading within and outside the country.

Protestors could peacefully assemble near Capitol Hill and the White House for reminder on the unresolved economic problems and social inequality in the United States and abroad.

As for Washington measures on jobs – the lawmakers failed to pass the jobs bill this week and,

Instead approved free trade agreements with South Korea, Colombia and Peru. respectively for manufacturing jobs at home although,

The legislative success is dependent on the trading partners’ reciprocation i.e. the consumer demand and affordability for American goods.

Meanwhile, U.S. Congress has agreed on payroll tax holiday and unemployment insurance extension that are positive steps with immediate relief for the jobless and those facing retrenchment in the uncertain economic environment.

If both parties in the House and Senate could set aside the political differences for common goals,

Perhaps it would facilitate job growth in private and public sectors essential for economic revival.

Addressing the serious housing crisis with lenders unlawful practices is pertinent for the following reasons:

Improper foreclosures is depriving American homeowners ownership allowing foreign investor frenzy to capitalize on the American plight that needs to be fixed considering,

The mortgage securities as derivatives component are tied to overseas assets.

Furthermore, there are inherent risks involved in such investments due to short-term selling and swap agreements generating volatility in the global market.

Notwithstanding the equity transfer from domestic to offshore holdings embedded in the sovereign wealth funds cause political concerns besides economic turbulence in the globalized economy.

Remedies to these ramifications lies with Congress in easing the burden on home owners through effective strategies such as –

Resurrecting foreclosure moratorium enabling homeowners to renegotiate mortgages with property reevaluation to current market value and,

Payment modification per existing rates would protect American interests in the desperate housing situation.

The home loans revision for families regardless of hierarchy on the verge of losing homes could reverse the trend and boost jobs in the construction industry and service sector.

Any relief thus far is limited to conventional practices with the bulk of the homeowners left at the mercy of lenders’ discretion often premised on short-term gains suppressing the housing market rebound.

While the taxpayer bailouts based on ‘too big to fail’ salvaged the default banking industry despite the illegal sub-prime mortgage activities,

The delinquent homeowners are forced to deal with contrary response ranging from aggressive evictions to unreasonable payment options.

The banks were rescued unconditionally and the financial institutions in return have not only restrained money supply prolonging the credit crunch but also denied majority homeowners refinancing opportunity and small business entrepreneurs capital infusion.

Wall Street with substantial cash reserves could create and retain employment rather than preparing to slash 10,000 finance jobs in the coming months that would exacerbate the dire economy.

Corporations’ role confined to economic development with disengagement from political governance through lobbyists would promote government functionality and efficacy in legislative matter.

Companies incentivized with Bush tax cuts extension have failed to deliver the anticipated job growth and expansion only to be substituted by job reduction and/or exports contributing to national debt and trade deficit.

Repealing Bush tax cuts and redirecting financial resources to organizations committed to domestic jobs would enhance free market performance.

Micro-credits is yet another avenue to empower business proprietorship and alleviate economic pain from unemployment status.

Communities with alarming jobless rate could potentially utilize micro-credit facility for self-employment and niche market.

United States is endowed with skilled work force, ingenuity and innovative talent leading in sophisticated technology and other global achievements that revolutionized urban lifestyle.

U.S. workers productivity resulted in economic boom worldwide supporting developing economies to advance at a phenomenal pace.

There is an urgent requirement to turn U.S. economy around with Corporations assuming primary responsibility in providing jobs, liquidity and restoring homes for American families.

U.S. economic recovery is paramount for Wall Street and Washington.

Corporations cannot exist without workers and politics would desist in the absence of electorate.

Citizens’ grievances are real and legitimate – the economic issues cannot be resolved without political will and corporate investments in domestic economy.

Government and Corporations expediting job oriented economic surge is the universal expectation with millions of lives in jeopardy.

Corporate and Political leaderships are urged to prioritize American jobs, housing, health and business prospects over personal aspirations and partisanship.

Global recession could be contained upon U.S. economic progress.

Action and not procrastination would guarantee the desirable outcome.

Hopefully rationality would prevail in arriving at consensus on economic solutions.

Peace to all!

Thank you.

Padmini Arhant

 

 

 

 

 

 

 

 

 

 

 

 

 

Commemorating Technology Icon – Steve Jobs

October 6, 2011

By Padmini Arhant

California and the rest of the world mourn the loss of Steve Jobs – a phenomenon in the modern century.

Apple founder Steve Jobs as an innovator and entrepreneur revolutionized the electronic world by introducing the interactive future generation products in the present leading the smart phone industry and personal computer to represent new wave technology.

Steve Jobs touched many hearts with touch screen concept in the ever popular iPhones and brought tremendous joy to music lovers through iPod, the downloadable melodies via iTunes – constantly entertaining and satisfying global demand for Apple new inventions with originality and creativity.

Apple iPad sensational trend setter generating enthusiasm in tablet with user friendly features and light weight designed for accommodating the various needs of tech savvy and general customers at home and offshore.

Steve Jobs prominence reflected in Apple resurrection and the magnificent status achieved within limited timeframe.

The farsighted technology genius will surely be missed on earth despite the great legacy of Steve Jobs –

‘Apple’ commitment to enlighten the curious minds fostering genuine interest in exploratory computer field.

In deep appreciation and acknowledgment of significant contribution to universal progress, Steve Jobs is remembered today as the technology icon with indelible mark in attaining the improbable.

Great minds and Great souls presence is realized in the permanent aura radiating brilliance to illumine the inquisitive seeker.

With sincere condolences to Stave Jobs family and millions of admirers,

Prayers offered for the Corporate Leader and Successful Enterprise Architect – Steve Jobs soul to rest in peace.

Peace to all!

“The quality not the longevity of life is what is important.” Dr. Martin Luther King Jr.

Thank you.

Padmini Arhant

http://youtu.be/h55ctje32IE

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