The World We Live In !!

Some of your might have noticed that i have not been posting for a while.

It was mostly out of frustration, you see when i started this site, I figured i would use it as a space to publish information, that i felt needed more attention in our life’s. New, views or even just facts that I might find important and needed to be highlighted, but somewhere along the way I started to get the feeling that no matter what I might think, or have to say, it didn’t make any difference. (Which still might remain true to this day)

“it does not matter what the outcome of any given situation is, what matters is how you act during the process”

None the less I have decided that I will continue to keep doing what I have been doing.

‘Keep plagiarizing the hell out of the world wide web’ .

Although I do understand that the URL for this website is not appropriate for the Title nor the content that it contains. So I have decided to move the site, you can now follow this blog at the following URL. This site will be taken down in 4-5 months.

http://www.theworldweliveinblog.com

P.S : – There was some error importing the website database, everything else is working fine but all the registered members will have to register once again.

(Sorry for the problem and any inconvenience it might cause)

ISLAMABAD: Acting Attorney General Shah Khaver presented National Accountability Bureau (NAB) report regarding Swiss banks accounts to the Supreme Court (SC), Geo News reported Tuesday.

According to the NAB reports, there are at least six foreign bank accounts maintained by President Asif Ali Zardari and Benazir Bhutto. There are at least 13,113,000 dollars in these foreign bank accounts.

There are at least 46,343,353 dollars in the accounts of 5 companies owned by President Zardari and a company of Benazir Bhutto.

The National Accountability Bureau (NAB) also presented to the apex court all the record from Geneva court in connection with the Swiss cases.

Punjab Chief Minister Shahbaz Sharif’s counsel Ashtar Ausaf supported the arguments put forward by Abdul Hafeez in the court.

Acting AG said this is not an opportune time for allowing any upheaval to take place. On this, Justice Khalilur Rehman Ramday said stemming the crimes do not pave the way for any upheaval. Read more…

Hugh Tomlinson and James McLean
Times Online

The engine of the black Corvette revved to a gasket-popping roar. Its driver leant out of his window. He was dressed in traditional Arab robes but wore a rubber wizard’s mask. He held an aerosol aloft and directed a jet of party foam into the air. Four-wheel drives plastered in pictures of Dubai’s Royal Family roared their engines back in approval. The cacophony was deafening.

On the opposite carriageway smoke billowed from the spinning back wheels of a new Land Cruiser as the driver pressed the brakes and floored the accelerator. This was the favourite way for many of the fervently patriotic and car crazy Emiratis to mark National Day in Dubai this week, the 38th anniversary of the founding of the United Arab Emirates, and one of the biggest celebrations of the year.

A mile away at the new Marina Yacht Club, Western expats were also working their way into a party mood. Deferential Filipino staff served a foamy lobster broth as an amuse bouche between courses. Beer and cocktails loosened tongues and a knot of dancers formed in front of the band. Tens of millions of pounds worth of powerboats bobbed at their moorings beneath the revelry on the terrace. Behind the boats a dozen skyscrapers framed the view, a few of the lights in their thousands of flats were on. “It’s so beautiful here,” said a pretty young Anglo-Indian woman clutching a large glass of chilled white wine and taking in the scene.

Welcome to the modern equivalent of the last days of Rome. The failure of Dubai World, one of the Emirate’s flagship companies, to honour a debt due last month has rocked this city state to its foundations. By any conventional logic Dubai is now a busted flush. Read more…

A top federal minister of the cabinet of Prime Minister Yusuf Raza Gilani, who was quite recently the target of frequent lethal attacks in the National Assembly in its last session on account of his alleged wheeling and dealing, is said to have purchased a multi million pound six bed rooms luxury flat in the heart of London.

Many Pakistani politicians do own flats in the Central London including Rehman Malik and others. General (R) Pervez Musharraf recently purchased a multi-million pound flat in the locality where he is living alone these days. Now, this PPP minister is the last, not the least, addition to the list of a privileged class of politicians who own house or flat in London. Nawaz Sharif too owns a huge residential building, at the Park Lane facing the beautiful Hyde Park. Read more…

Commerce Minister Amin Fahim is on a ‘leisure trip’ to Miami and Virgin Islands, Sweden, Dubai and London, accompanied by one of his friends, Ghulam Ali Nizamani, Member of National Assembly, and a Director to the Commerce Minister, Ali Muhammad Shah. The expenses of the trip are reportedly being borne from the allocation of Export Development Fund (EDF), sources told Business Recorder.

They said that Prime Minister Yousaf Raza Gilani had approved a summary of Commerce Ministry to send a delegation to Buenos Aires, capital of Argentina, to participate in the Joint Trade Commission (JTC), comprising Commerce Minister, MNA Gulam Ali Nizamani, Senior Joint Secretary Najeed Khawar Awan, and an official from the Trade Development Authority of Pakistan (TDAP).

Sources said that the Commerce Minister’s choice was the Director attached to him, who is unaware of ABC of trade. On expiry of Prime Minister’s approved official visit date, Fahim extended his tour to five further destinations, for which Rs 2.5 million was obtained from EDF, being managed by TDAP. However, a dispute arose between the Ministry and TDAP over allowances of the Minister and his blue-eyed Director. Read more…

U.S Treasury Secretary Timothy Giethner

The kerfuffle about current New York Federal Reserve Bank Chairman Stephen Friedman’s purchase of some Goldman stock while the Fed was involved in reviewing major decisions about Goldman’s future—well-covered by the Wall Street Journal here and here—raises a fundamental question about Wall Street’s corruption. Just as the millions in AIG bonuses obscured the much more significant issue of the $70 billion-plus in conduit payments authorized by the N.Y. Fed to AIG’s counterparties, the small issue of Friedman’s stock purchase raises very serious issues about the competence and composition of the Federal Reserve of New York, which is the most powerful financial institution most Americans know nothing about.

A quasi-independent, public-private body, the New York Fed is the first among equals of the 12 regional Fed branches. Unlike the Washington Federal Reserve Board of Governors, or the other regional fed branches, the N.Y. Fed is active in the markets virtually every day, changing the critical interest rates that determine the liquidity of the markets and the profitability of banks. And, like the other regional branches, it has boundless power to examine, at will, the books of virtually any banking institution and require that wide-ranging actions be taken—from raising capital to stopping lending—to ensure the stability and soundness of the bank. Over the past year, the New York Fed has been responsible for committing trillions of dollars of taxpayer money to resuscitate the coffers of the banks it oversees. Read more…

Prof. Panarin is a former KGB analyst and a Russian professor of political science, Dean of the Ministry of the Foreign Affairs Diplomatic Academy in Moscow and author of several books on geopolitics. Thus one can hardly call him a fruitcake. Actually, he first made this prediction not after the economic meltdown that started last year but in Linz, Austria, in September 1998 in front of 400 delegates at a conference devoted to information warfare and the use of data to get an edge over a rival. Of course it was received with consternation. “When I pushed the button on my computer and the map of the United States disintegrated, hundreds of people cried out in surprise,” he says. Later, many delegates asked him to sign copies of the map. Its like when the French political scientist Emmanuel Todd made his famous forecast in 1976 about the collapse of the Soviet Union 15 years before it actually did and many people laughed. But Todd had the last laugh.

A Must Read: The Crash Of ‘09 – The Collapse Of ‘10 « Pak Alert Press.