Archive | September 5, 2012

Bahrain Funds U.Ks Military Academy!*

Bahrain Funds U.Ks Military Academy!*

Hamad bin Essa Al Khalifa has donated £3 million to Britain’s internationally-renowned elite officer training academy, Sandhurst, local media reported.

Despite global denouncement of the Bahraini regime following a brutal crackdown on ongoing pro-democracy protests in the tiny Persian Gulf island country, the academy accepted the donation honorably in January, British media reported.

Bahrain has been in crisis since a revolt led by mainly Shi’a Muslims began 18 months ago to demand democracy in the Sunni-ruled dictatorship.

Bahrainis have been holding frequent demonstrations in support of political prisoners since hundreds of opposition activists were arrested as part of Manama crackdown on protests last year.

The tiny island state, which is home to the US Navy’s Fifth Fleet, has been the scene of anti-regime protests since February last year and scores of people have been killed and hundreds more injured in the Saudi-backed crackdown.

The protesters say they will continue their protests until their demand for the establishment of a democratically elected government is met.

Witnesses and victims of torture within Bahrain have reported in recent months that Prince Nasser, son of Al Khalifa, has been personally beating and torturing some of the activists who demand democracy.

This comes as the UK government invited Nasser as a special guest at the recent London Olympics event, even though Foreign Secretary William Hague had pledged that individuals with records of human rights abuses would not be granted a visa into Britain.

Jeremy Corbyn MP condemned Sandhurst academy’s decision to accept the donation from the Bahraini dictator.

“Bahrain has an appalling human rights record and even now medical practitioners are on trial for helping victims,’ he said.

“It is disgraceful that the British government should allow the King of Bahrain to fund Sandhurst and it seems there is a completely different set of standards on human rights relating to Bahrain, compared to many other states in the [Persian] Gulf and Middle East region,” he added.

Meanwhile, Britain continued to train Bahraini army officers at Sandhurst months after the island state began its brutal crackdown against pro-democracy demonstrators.

Source*

Related Topics:

UAE Take Big Brother Steps Towards Surveilling Society*

Zionist Media Dominates West and Middle East

NATO Plot Unfolding in Syria*

Libya: Post-Qathafi a Nightmare*

Israelis Protest Against War on Iran

EUs Poorest Nation Says No to Euro!*

EUs Poorest Nation Says No to Euro!*

 

“Bulgaria, the European Union’s poorest member state and a rare fiscal bright spot for the bloc, has indefinitely frozen long-held plans to adopt the single currency, marking the latest fiscally prudent country to cool its enthusiasm for the embattled currency. Speaking in interviews in Sofia, Prime Minister Boyko Borisov and Finance Minister Simeon Djankov said that the decision to shelve plans to join the currency area, a longtime strategic aim of successive governments in the former communist state, came in response to deteriorating economic conditions and rising uncertainty over the prospects of the bloc, alongside a decisive shift of public opinion in Bulgaria, which is entering its third year of an austerity program.

“The momentum has shifted in our thinking and among the public…Right now, I don’t see any benefits of entering the euro zone, only costs,” Mr. Djankov said. “The public rightly wants to know who would we have to bailout when we join? It’s too risky for us and it’s also not certain what the rules are and what are they likely to be in one year or two.”

Prime Minister Boyko Borisov said concerns had been heightened by growing disputes between policy makers, some of whom back Germany’s call to give priority to fiscal discipline over growth, while others want a more expansionary policy.

“I’m certain that we will definitely see a deepening divide in Europe now because many governments are not prepared to stomach the difficult decisions they have to take. It’s like a spoilt child who doesn’t want to go to the dentist to fix his bad teeth, even though the operation is needed,” Mr. Borisov said. “This moment is critical for the euro zone and for the EU,” he added.

Mr. Djankov said that Bulgaria’s economy should still expand by around 1.5% this year, but warned that the euro zone could face up to five years with “zero growth” if national leaders continue to mull policy responses to the crisis instead of fully backing Germany’s call to continue strict fiscal consolidation.

On the periphery of the euro zone, but overwhelmingly dependent on the bloc’s larger economies for growth, Bulgaria has thus far managed to weather the euro crisis. The economy last year grew by a modest 1.7% and the European Bank for Reconstruction and Development expects that to slow to 1.2% this year. Unemployment has risen to over 12%, but that is around half the levels in Greece and Spain, while Russian investment in the Black Sea resorts is rising rapidly.

In July, when investor sentiment toward the euro zone was less negative, Sofia tapped capital markets, with a heavily oversubscribed five-year €950 million 1.19 billion) Eurobond.

But Bulgaria’s exposure to the deteriorating health of the euro zone has been compounded in recent months by mounting problems of other economies on its borders.

The paradox is that when Greece finally succumbs to reality, and is forced (or opts) out of Europe and the EMU, the biggest beneficiary will be Bulgaria, as billions in capital are redirected toward it from the “poor” country’s southern neighbor, for whom the future is so bleak, rumors of a military coup make the rounds every other day.

As to why Bulgaria is slowly becoming the model for Europe, here is a brief extract from a Bloomberg article which explains why taking the pain and sufferening now, and administering true austerity, even if it means total losses of wealth for those who are not prepared for hyperinflation (which Bulgaria had for a long period of time in the 1990s) instead of deferring pain via unrepayable debt, always leads to beneficial consequences:

In 1989, the Soviet bloc collapsed. A new Bulgarian democracy was born, but with no money in the state treasury to pay for it. The nation’s savings were insignificant, shops were empty, unemployment was high and infrastructure was rudimentary. Austerity was just a fact of life.

After seven years of delayed reforms, booming private businesses and an almost complete lack of regulation, hyperinflation came to Bulgaria in 1996 and again wiped out the nation’s savings, forcing the closure of a third of the country’s banks. As a result, the lev — Bulgaria’s currency — was pegged to the deutsche mark (later to the euro), and the central bank was banned from lending to commercial banks, a precaution that remains in place today. The International Monetary Fund requires that all Bulgarian currency in circulation should be fully matched by foreign-exchange reserves.

The decade of 1989-1999 was harsh, but it turned Bulgaria into a disciplined nation of savers — even after the country joined the EU in 2007. The banking sector is financed by these savings accounts, which provide a healthy Tier 1 capital- adequacy ratio of 15.8%. Credit-card penetration is extremely low — Bulgarians prefer cash.

Being poor is no fun, of course. Public-sector employees are badly paid and retired people struggle to survive with their low pensions. Not a single motorway has been completed to link one end of Bulgaria with another and only parts of the subway in the capital, Sofia, work. This is the price to pay for not spending money that isn’t yours to improve your lot, at the level of the state and of the individual consumer.

But today Bulgaria has positive economic growth and the second-lowest state debt in the EU (after Estonia) at 16% of gross domestic product. It also has a manageable budget deficit of about 2% of GDP, despite levying a flat corporate and personal income tax of just 10%. Foreign- exchange reserves amount to 6% of GDP. In short, the country has a future.

Greeks, by contrast, have been spending more than they earn for the last 20 years. Once an employee entered the public sector, he couldn’t be laid off; he received 40 days’ vacation per year; and he was paid 14 months out of 12, with guaranteed annual raises. Greeks are richer as a result, but that lifestyle is not sustainable. Debt to GDP is 165% and the budget deficit is an unmanageable 9.1%.

In 1989, the Soviet bloc collapsed. A new Bulgarian democracy was born, but with no money in the state treasury to pay for it. The nation’s savings were insignificant, shops were empty, unemployment was high and infrastructure was rudimentary. Austerity was just a fact of life.

After seven years of delayed reforms, booming private businesses and an almost complete lack of regulation, hyperinflation came to Bulgaria in 1996 and again wiped out the nation’s savings, forcing the closure of a third of the country’s banks. As a result, the lev — Bulgaria’s currency — was pegged to the deutsche mark (later to the euro), and the central bank was banned from lending to commercial banks, a precaution that remains in place today. The International Monetary Fund requires that all Bulgarian currency in circulation should be fully matched by foreign-exchange reserves.

The decade of 1989-1999 was harsh, but it turned Bulgaria into a disciplined nation of savers — even after the country joined the EU in 2007. The banking sector is financed by these savings accounts, which provide a healthy Tier 1 capital- adequacy ratio of 15.8 percent. Credit-card penetration is extremely low — Bulgarians prefer cash.

Being poor is no fun, of course. Public-sector employees are badly paid and retired people struggle to survive with their low pensions. Not a single motorway has been completed to link one end of Bulgaria with another and only parts of the subway in the capital, Sofia, work. This is the price to pay for not spending money that isn’t yours to improve your lot, at the level of the state and of the individual consumer.

But today Bulgaria has positive economic growth and the second-lowest state debt in the EU (after Estonia) at 16% of gross domestic product. It also has a manageable budget deficit of about 2% of GDP, despite levying a flat corporate and personal income tax of just 10%. Foreign- exchange reserves amount to 6% of GDP. In short, the country has a future.

Greeks, by contrast, have been spending more than they earn for the last 20 years. Once an employee entered the public sector, he couldn’t be laid off; he received 40 days’ vacation per year; and he was paid 14 months out of 12, with guaranteed annual raises. Greeks are richer as a result, but that lifestyle is not sustainable. Debt to GDP is 165% and the budget deficit is an unmanageable 9.1%.

Source*

Related Topics:

What Top Economists Said About Iceland’s Pull Out of the Global Banking System!*

British Banksters Admit to Making Savers Poorer and the Rich, Richer!*

In These Times, Being an Introvert is Better Than It Seems!

In These Times, Being an Introvert is Better Than It Seems!

 

From Gregg Prescott

Why do introverts tend to be highly spiritual?

Society dictates that we follow specific images projected by the main stream media, so why do introverts tend to rebel from these stereotypes?

Introverts tend to look within for answers versus having the need for societal approval. Often, extroverts will view the introvert as being antisocial, stuck up or as loners, but even with these labels, the introvert will stand his or her ground with complete disregard for how others perceive him or her.

If you are an introvert, then you will find complete comfort in solitude. You often find yourself immersed in deep thought and contemplation. Your need for approval by others is significantly less than the extrovert as you realize that all answers come from within.

While you may partake on social occasions, you often enjoy simply watching the environment around you versus being the center of attention, which many introverts try to avoid. On a metaphysical level, the introvert realizes how we are all connected and does not need the external approval and attention that is often sought after by the extrovert.

Approximately 75% of the world are extroverts, which makes the introvert the minority, yet the introvert will not succumb to societal pressure in order to conform.

While some introverts may be shy, there is a big difference between shyness and being introverted. Shyness is a facet of social anxiety and the fear of rejection while being introverted is the ability to be at social function without the need for complete social interaction. For example, if the introvert was at a party, he or she can easily have conversations with many people, but often chooses not to.

The introvert can have extroverted tendencies while still remaining to be an introvert. Many introverts will pick and choose the time and place to be extroverted, such as waiting in line at the grocery store. In this situation, the conversation is limited and there is no long term commitment to continue the conversation, allowing the introvert to have social interaction without being forced into it. Within minutes, the introvert will once again find the tranquility of being the observer.

Within the solitude, the introvert finds much time to reflect on life. He or she will have a small group of close friends and will feel comfortable being themselves around these people.

The extrovert will feel uncomfortable when there is a small break in the conversation while the introvert understands that sometimes words do not need to be spoken to appreciate the company of the person they’re with. A hug and a smile speak louder than words for the introvert.

The introvert is amused by the extrovert and will observe their mannerisms. An introvert will tend to be on the outside of a group, looking within.

Introverts prefer to watch, listen and observe and don’t talk very much but when they’re with people they feel close to, they will openly talk to about things that they’re passionate about.

Many people within the spiritual and metaphysical genres are introverts and often look within for answers. They are more apt to understand the principle of oneness and how we are all connected on a deeper level than the extrovert, who looks for physical approval.

Introverts tend to use the right side of their brain and often are often musically or artistically inclined. They may also be poets or philosophers and can easily see outside the box.

The introvert will question the origins of what society has told us to be the truth and unlike a scientist, he or she does not need empirical data to maintain his or her own beliefs. The metaphysical fields often attract the introvert because of this.

Inner reflection is commonly used by the introvert as he or she will look within for answers versus what he or she may have been taught. The introvert will use discernment as he or she weighs what has been learned externally versus what he or she feels resonates as the truth within.

Introverts are often empaths as well. Their sensitivity to how other people feel tends to be heightened as opposed to the extrovert who is more consumed with how others are perceiving himself or herself.

Extroverts may also be highly spiritual and will display their spirituality more openly than the introvert. They are easily able to talk to anyone about spiritual and metaphysical topics while the introvert will pick and choose who he or she will talk to about these issues.

The bottom line: despite being only 25% of the population, the introvert will rarely change their attitude or personality to appease others, with the exception of their employment. Many introverts have learned how to be “temporary extroverts” but in the end, their comfort zone brings them back to be an introvert. While society will continue to make the introvert feel like an outcast, the introvert will not be persuaded by peer pressure or conformity in order to appease others because he or she already knows that the truth is within.

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Full Moon in Pisces August/September 2012

You are an Expression of the Infinite…

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Traveling Helps the Brain Connect!

The Heart is Green!

The Outlaws and the Champion…

A Growing Number of People Choose to Live off the Grid

YOU ARE NOTHING BUT A FREQUENCY

Self Esteem

The Man Who Stomped His Shadow

30 Things to Stop Doing to Yourself

The Art of Intelligent Waiting