Tag Archives: Super

Global super-rich elite has hidden an extraordinary $21 trillion of wealth offshore

£13tn: hoard hidden from taxman by global elite

• Study estimates staggering size of offshore economy

• Private banks help wealthiest to move cash into havens

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. ….

Read more » guardian.co.uk

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Who stole our country? Major cities brace for ‘Occupy Canada’

– Canadian cities brace for Occupy Wall Street’s weekend shift across the border

By Steve Mertl, Daily Brew

Toronto and other major cities are bracing for the Canadian echo of the Occupy Wall Street protest this weekend.

Thousands of people have been camped out in New York’s financial district for a week, staging marches to protest the growing gap between America’s super rich and the harried middle and working classes. Hundreds have been arrested.

The movement, sparked by an idea in Vancouver-based Adbusters magazine last summer, has since spread to dozens of American cities and now is migrating north. Toronto, Vancouver, Montreal, Calgary, Regina and even sleepy Charlottetown are scheduled to see protests on Saturday.

Toronto will be the main focal point of the Canadian effort. Protesters are expected to converge at King and York Streets in the heart of Canada’s finance and investment centre Saturday morning.

The group OccupyTO’s website raises the spectre of a New York-style long-term action rather than a one-day protest. ….

Read more » Daily Brew » YahooNews

MQM in the way of plot against Pakistan: Altaf

– By Azfar-ul-Ashfaque

Excerpt;

…. The gist of the press conference was that Western powers were plotting the dismemberment of Pakistan, but the Muttahida had resolved to foil the design.

Repeated assurances were made to the armed forces, the Inter-Services Intelligence as well as the nation that the MQM was against conspiracies being hatched against the country.

Mr Hussain chose not to answer the serious allegations levelled by former Sindh home minister Dr Zulfikar Mirza against him and his party over the past fortnight, parrying a number of questions by reporters.

He concentrated on showing documents, maps and reports from the international media to strengthen his contention that international powers were working for the break-up of Pakistan.

Although he refused to pinpoint the international powers he was referring to, an allusion left no doubt: “The country which has the biggest influence in Pakistan is behind such conspiracies”. The MQM cannot fight such powers alone, Mr Hussain added. “There would have been no super power had the army, the ISI and the MQM got united.”

The MQM supremo accused the leadership of the Awami National Party of “misleading the Pukhtoons living in Karachi and Peshawar”. He even went to the extent of claiming that the United States had given millions of dollars to Asfandyar Wali for contesting the 2008 general election. ….

Read more → DAWN.COM

Top of Chinese wealthy’s wish list? To leave China

by Wichaar Desk

BEIJING (AP) — Chinese millionaire Su builds skyscrapers in Beijing and is one of the people powering China’s economy on its path to becoming the world’s biggest.

He sits at the top of a country — economy booming, influence spreading, military swelling — widely expected to dominate the 21st century.

Yet the property developer shares something surprising with many newly rich in China: he’s looking forward to the day he can leave.

Su’s reasons: He wants to protect his assets, he has to watch what he says in China and wants a second child, something against the law for many Chinese.

The millionaire spoke to The Associated Press on condition that only his surname was used because of fears of government reprisals that could damage his business.

China’s richest are increasingly investing abroad to get a foreign passport, to make international business and travel easier but also to give them a way out of China.

The United States is the most popular destination for Chinese emigrants, with rich Chinese praising its education and healthcare systems. Last year, nearly 68,000 Chinese-born people became legal permanent residents of the U.S., seven percent of the total and second only to those born in Mexico. Canada and Australia are also popular. ….

Read more → WICHAAR

Pakistan has been playing us all for suckers

Britain is spending millions bolstering Pakistan, but it is a nation in thrall to radical Islam and is using its instability to blackmail the West

by Christina Lamb

When David Cameron announced £650m in education aid for Pakistan last week, I guess the same thought occurred to many British people as it did to me: why are we doing this?

While we are slashing our social services and making our children pay hefty university fees, why should we be giving all this money to a country that has reduced its education budget to 1.5% of GDP while spending several times as much on defence? A country where only 1.7m of a population of 180m pay tax? A country that is stepping up its production of nuclear weapons so much that its arsenal will soon outnumber Britain’s? A country so corrupt that when its embassy in Washington held an auction to raise money for flood victims, and a phone rang, one Pakistani said loudly: “That’s the president calling for his cut”? A country which has so alienated powerful friends in America that they now want to abandon it?

As someone who has spent almost as much time in Pakistan as in Britain over the past 24 years, I feel particularly conflicted, as I have long argued we should be investing more in education there.

That there is a crisis in Pakistan’s education system is beyond doubt. A report out last month by the Pakistan education taskforce, a non-partisan body, shows that at least 7m children are not in school. Indeed, one-tenth of the world’s children not in school are in Pakistan. The first time I went to Pakistan in 1987 I was astonished to see that while billions of pounds’ worth of weapons from the West were going to Pakistan’s intelligence service to distribute to the Afghan mujaheddin, there was nothing for schools.

The Saudis filled the gap by opening religious schools, some of which became breeding grounds for militants and trained the Taliban. Cameron hopes that investing in secular education will provide Pakistan’s children with an alternative to radicalism and reduce the flow of young men who want to come and bomb the West.

“I would struggle to find a country that it is more in Britain’s interests to see progress and succeed than Pakistan,” he said. “If Pakistan is a success, we will have a good friend to trade with and deal with in the future … If we fail, we will have all the problems of migration and extremism that we don’t want to see.”

As the sixth most populous country, with an arsenal of between 100 and 120 nuclear weapons, as the base of both Osama Bin Laden and the Taliban leadership, and as homeland to a large population in Britain, Pakistan is far more important to our security than Afghanistan. But after spending two weeks travelling in Pakistan last month, I feel the situation has gone far beyond anything that a long-term strategy of building schools and training teachers can hope to restrain.

The Pakistani crisis has reached the point where Washington — its paymaster to the tune of billions of dollars over the past 10 years — is being urged to tear up the strategic alliance underpinning the war in Afghanistan.

Dana Rohrabacher, a Republican congressman from California who sits on the House foreign affairs committee and has been dealing with Pakistan since working in the Reagan White House, says he now realises “they were playing us for suckers all along”.

“I used to be Pakistan’s best friend on the Hill but I now consider Pakistan to be an unfriendly country to the US,” he said. “Pakistan has literally been getting away with murder and when you tie that with the realisation that they went ahead and used their scarce resources to build nuclear weapons, it is perhaps the most frightening of all the things that have been going on over the last few years.

“We were snookered. For a long time we bought into this vision that Pakistan’s military was a moderate force and we were supporting moderates by supporting the military. In fact the military is in alliance with radical militants. Just because they shave their beards and look western they fooled a lot of people.”

Christine Fair, assistant professor at the centre for peace and security studies at Georgetown University in Washington, is equally scathing. “Pakistan’s development strategy is to rent out its strategic scariness and not pay taxes itself,” she said. “We should let them fail.”The Pakistani crisis has reached the point where Washington is being urged to tear up the strategic alliance underpinning the war in Afghanistan

Pakistan’s prime minister, Yousuf Gilani, comes from one of Punjab’s largest land-owning families. Watching Cameron sign over the £650m, he said: “I think the root cause of terrorism and extremism is illiteracy. Therefore we are giving a lot of importance to education.”

If that were the case one might expect Lahore University of Management Sciences, one of the most elite universities in the country, to be a bastion of liberalism. Yet in the physics department Pervez Hoodbhoy, professor of nuclear physics, sits with his head in his hands staring out at a sea of burqas. “People used to imagine there was only a lunatic fringe in Pakistan society of these ultra-religious people,” he said. “Now we’re learning that this is not a fringe but a majority.”

What brought this home to him was the murder earlier this year of Salman Taseer, the half-British governor of Punjab who had called for the pardoning of a Christian woman sentenced to death under the blasphemy law. The woman, Aasia Bibi, had been convicted after a mullah had accused her of impugning Islam when she shouted at two girls who refused to drink water after she had touched it because they said it was unclean.

Taseer had been a key figure in Pakistan’s politics for decades and had suffered prison and torture, yet when he said the Aasia case showed the law needed reforming, he was vilified by the mullahs and the media. In January he was shot 27 times by one of his own guards. His murderer, Mumtaz Qadri, became a hero, showered with rose petals by lawyers when he appeared in public.

After the killing, Hoodbhoy was asked to take part in a televised debate at the Islamabad Press Club in front of students. His fellow panellists were Farid Piracha, spokesman for the country’s biggest religious party, Jamaat-e-Islami, and Maulana Sialvi, a supposed moderate mullah from the Barelvi sect. Both began by saying that the governor brought the killing on himself, as “he who blasphemes his prophet shall be killed”. The students clapped.

Hoodbhoy then took the microphone. “Even as the mullahs frothed and screamed I managed to say that the culture of religious extremism was resulting in a bloodbath in which the majority of victims were Muslims; that non-Muslims were fleeing Pakistan. I said I’m not an Islamic scholar but I know there are Muslim countries that don’t think the Koran says blasphemy carries the death sentence, such as Indonesia, Malaysia and Egypt.

“I didn’t get a single clap. When I directly addressed Sialvi and said you have Salman Taseer’s blood on your hands, he looked at them and exclaimed: how I wish I had done it! He got thunderous applause.”

Afterwards, “I came back and wanted to dig a hole in the ground,” he said. “I can’t figure out why this country has gone so mad. I’ve seen my department change and change and change. There wasn’t one burqa-clad woman in the 1980s but today the non-hijabi, non-burqa student is an exception. As for the male students, they all come in turbans and beards with these fierce looks on their faces.”

Yet, he points out, these students are the super-elite, paying high fees to attend the university: “It’s nothing to do with causes normally associated with radicalism; it’s that the mullah is allowed complete freedom to spread the message of hate and liberals are bunkering down. Those who speak out are gone and the government has abdicated its responsibility and doesn’t even pretend to protect life and property.”

Raza Rumi, a young development worker and artist who blogs regularly, agrees. As we sat in a lively coffee bar in Lahore that could have been in the West until the lights went off in one of the frequent power cuts, he said: “Radicalism in Pakistan isn’t equated with poverty and backwardness — we’re seeing more radicalisation of the urban middle and upper class. I look at my own extended family. When I was growing up, maybe one or two people had a beard. Last time I went to a family wedding I was shell-shocked. All these uncles and aunts who were regular Pakistanis watching cricket and Indian movies now all have beards or are in hijabs.

“I think we’re in an existential crisis. The moderate political parties have taken a back seat and chickened out as they just want to protect their positions. What is Pakistan’s identity? Is it an Islamist identity as defined by Salman Taseer’s murder, ISI [the intelligence service], the jihadists? Is that really what we want to be?”

He does not know how much longer he will write about such things. “I’ve been getting repeated emails that I should leave the country or shut up,” he said.

When I left the cafe I was followed for the rest of the day by a small yellow car.

Courtesy: thesundaytimes.co.uk

India’s dream of super power-dom

by B. R. GOWANI

Life has really changed in one decade! In 2000 the then President Bill Clinton, paid a five-hour visit to Pakistan (in an unmarked plane) where he lectured the citizens live on the national TV. In India, he spent five days. This was pre 9/11. Clinton’s visit to South Asia then seemed like Gora Bapa was in the land of Kali Mata, i.e., White Father in the land of (goddess) Mother Kali. …

…. Now India wants to be the Super Power with US as its role model. The positive factors for this status include: India’s territorial size, its population, the increasing pace of its technological advances, the entrepreneurship of its people, and the increasing interest of the west in its fashion and movie industry, particularly the Mumbai based Bollywood film industry …

To read full article : Globeistan

Devastating Pakistan floods finally heading to sea

By ASHRAF KHAN, Associated Press Writer

KARACHI, Pakistan – Floodwaters that have devastated Pakistan for five weeks headed to the Arabian Sea on Tuesday after swallowing two final towns, but the challenges of delivering emergency aid to 8 million people remained.

The floods have moved down from the mountainous northwest, submerging or affecting almost one-fifth of the country at their peak. Waters have begun to recede in the north and in the eastern province of Punjab, but they have been submerging towns in southern Sindh province close to the Indus River over the last 10 days.

The scale of the disaster has raised concerns about the stability of nuclear-armed Pakistan, which is already reeling from al-Qaida and Taliban violence and massive economic woes.

Read more >> YahooNews

Pakistan – Rumour, rumour, everywhere

By Cyril Almeida

When gossip is your oxygen, expect all sorts of silly rumours to proliferate. And when politics is your national sport, the silliness tends to grow exponentially.

Like the monster hiding in the cupboard that parents use to scare their children, the government is being warned, ‘Shape up or Kayani will come and eat your dinner’. The MQM’s warning to the PPP has been lapped up by conspiracy theorists eager to see …

Read more >> DAWN