Tag Archives: meltdown

Swiss National Bank will cut interest rate to minus 0.25%

Switzerland’s National Bank (SNB) will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country.

The Bank is imposing a rate of minus 0.25% on “sight deposits” – a form of instant access account – of more than 10m Swiss francs ($9.77m).

It is trying to lower the value of the Swiss franc, which has risen recently.

Russia’s market meltdown and a dramatic plunge in the oil price have led investors to seek “safe havens”.

The announcement sent the franc lower, and in early trading the euro was buying 1.2095 Swiss francs, fewer than the 1.203 it was worth before the news, just within the target.

Switzerland typically sees money flow in during economic uncertainty.

The new rate will be introduced on 22 January and will only affect banks and large companies who use the “sight account” to transfer funds quickly and without restrictions.

A negative rate means depositors pay to lend the bank their money.

Read more » BBC
Learn more » http://www.bbc.com/news/business-30528404

Must read: ‘The path of isolation’ – by Asma Jahangir

PAKISTAN remains in the dog house of the international community mainly because its rulers refuse to accept that violence and conflict within the country are escalating and have serious ramifications for the entire region.

Pakistan’s friends fear a severe economic meltdown and there are widespread concerns over continuing corruption which has also partly impaired governance.

Amazingly, while militant non-state actors are knocking down our doors and have successfully solidified their networks, our civil institutions are busy rubbing each others’ noses in the dirt — perhaps for sound reasons but the rubbing is excessive.

Constant political bickering keeps policymakers, the media, the judiciary and the public distracted from the risks we face.

Corruption is rife in all governments and institutions. Sadly, selective investigations often remain inconclusive. Ironically, most of those accused of corruption brazenly say they have been singled out, rather than plead innocence and prove it too.

Continue reading Must read: ‘The path of isolation’ – by Asma Jahangir

No future of Sindh in Pakistan

By Gul Agha

A complete meltdown of Sindhi culture and no future of the thousands years old Indus civilization in Pakistan — Sindhis will not only lose their essential diversity, but be reduced to a minority in much more of Sindh with another 10+% of its Sindhi Hindu population forced to migrate to India and other countries by the reactionary deep state which is influenced by AL-Qaeda ideology. Mullahs must be countered.. they have huge support from the government agencies and through the educational system which tries to brainwash children through a ridiculous ideology in … and Pakistan studies courses.

Via – adopted from Facebook

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20 Hindu girls forced to convert in a month: HRCP

Time running out for stable Pakistan

– Ali Gharib and Jim Lobe

Wichaar.com
WASHINGTON (IPS/GIN) – The United States and its allies must act urgently to prevent Pakistan from descending into a spiral of economic, security, and political crises, according to a new report released here by an influential think tank.

The 27-page report, “Needed: A Comprehensive U.S. Policy Towards Pakistan,” called for at least $4 billion to $5 billion in new aid for Islamabad of which $1 billion should be earmarked for the military and the police, to help ward off the growing threat posed to the central government by Islamic militants based in the frontier regions with Afghanistan and linked to Al-Qaeda.

“Simply put, time is running out for stabilizing Pakistan’s economy and security,” the task force warned. “We cannot stress the magnitude of the dangerous enough nor the need for greater action now,” it stressed, adding that failure to provide needed assistance could well result in “state failure.”

Continue reading Time running out for stable Pakistan