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Archive for the ‘Economy’ Category

Send More US Troops Into Afghanistan?

Posted by imrananwar on September 15, 2009

Imran Anwar (IMRAN.TV / http://www.imran.com/media/blog/ ) raises very serious questions about the current situation in Afghanistan. Are more US troops the answer? If not, what is? Listen for the answer.

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© IMRAN 2009
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Posted in 2009, Afghanistan, AlQaeda, America, Bush, Economy, Imran, Imran Anwar, IMRAN.TV, ImranAnwar, Iraq, Pakistan, Rumsfeld, Taliban, Terrorism, War | Tagged: , , , , , , , , , , , , , , , , , , | Leave a Comment »

The Good News About The Bad News In Pakistan

Posted by imrananwar on April 7, 2009

An old adage is that bad news sells. But there comes a stage in societies and countries, as well as the minds of news-readers and TV-viewers, when they just get sick of bad news.

I think it is no exaggeration to say that Pakistanis in general have gotten used to bad news, negative publicity, adverse editorial opinion and just general anti-Pakistan sentiment every day, everywhere, from New Delhi to New York.

That is why it was such a happy occasion to see the current Administration of Pakistan, opposition leaders, the military as well as the Chief Justice of Pakistan doing their part to literally bring Pakistan back from the brink of total chaos.

The reinstatement of the Chief Justice, as well as other political institutions and Punjab government, were also much awaited good news for Pakistanis. You could feel and hear the actual sense both of pride and hope in the eyes and voices of Pakistanis of all walks of life, from Karachi to California.

Obviously this was not detracting critics of Pakistan, as well as Indians and their lobbyists, in addition to Pakistan-bashers in general from continuing their attacks on Pakistan.

It even seems that American Administration officials, in particular the military men responsible for Afghanistan and Pakistan, also have a vested interest in giving the impression of an unstable Pakistan almost on the verge of total collapse.

I don’t know if that would be to give them the excuses to continue with their missile strikes or for some other nefarious purpose. Or just to make themselves look like heroes when things get better in 6-12 months.

One can understand their fear, that nuclear-armed Pakistan, with internal strife, daily terror attacks, especially with a perceived internal support for the Taliban among certain government agencies, could become a nuclear nightmare for the United States. But, their own pronouncements have the risk of becoming self-fulfilling prophecies.

However, their pseudo-intellectual analysis of Pakistan being on the verge of collapsing as a country within six months is hardly the way to go about expecting positive change in Pakistan, or Pakistanis attitudes towards America and its representatives here. Nor is it helping bring about economic prosperity, or at least stability, when that is most needed to ensure a prosperous future for Pakistan and Pakistanis.

Keep in mind that any criticism of Pakistan also has a multiplication factor of actions by the Taliban as well as Al Qaeda, which seems to have made parts of Pakistan their head office. Throw in the general fear, mistrust and perhaps even sheer hatred for the concept of militant Islam and Muslims, and you can see why Pakistan gets perceived even worse by Western media, politicians and the public in general.

Sadly, it is supposedly our fellow “Muslims”, whether they are brainwashed or willing hell-bound murderers, who take away the brief moments of joy and good news that Pakistanis begin to enjoy.

To make matters worse they kill and maim innocent people, destroy families and malign, damage and even insult Islam by carrying out the most despicable, dastardly and disgusting acts of horror. They blow themselves up in mosques, even in funeral processions, where the only thoughts most people have in their mind at that time are of God and of the day when we all have to return to Him.

I believe that the word suicide bomber is totally insufficient to describe these forces of Evil, these representatives of Satan, these worshippers of Lucifer, these children of Shaitan.

I believe we Pakistanis, and Muslims, as well as the media have to start calling them by their real name. they are not “jihadis“. They are not suicide bombers. They should be referred to as “jahanummi qaatil kuffar” – because that is what they are – hell-bound murderer infidels.

And, we need scholars of Islam, religious leaders and decent Imams and Ulema to give fatwas against every jahanummi qaatil kuffar who carries out such attacks.

Let the ones following them know that they will not go to heaven with 72 virgins waiting for them. Let them hear they will go to hell, with the entire Ummah spitting on their names and dead bodies with 7200 curses lashing their souls for eternity.

The recent events and terror attacks in the last few days have left no doubt in my mind that these are the worst enemies of Islam and Pakistan. And the sooner Muslims and Pakistanis unite t exterminate these vermin, the better off Islam, Muslims, Pakistan and the world will be.

From their actions aiming to kill worshippers in a house of God, to the shameless, spineless, disgusting torture and whipping or public flogging of a young woman (regardless of whether the video was made recently or months ago), they show themselves to be the animals that they are.

They are even worse than the pagan Arabs that our Prophet Muhammad (PBUH) made it his mission in life to try to first show the light of true Islam and later to defeat in battle. Fighting these true enemies of Islam is true Jihad.

How shameful that these people, whom even the Quresh tribe of pagan Arabia would spit upon, are the ones claiming to do what they do in the name of God, religion and Islam.

But like many Pakistanis, and many Americans, who believe that the future is always going to be bright, I refuse to give in and give up hope. Even in these terrible, and dark, days I see good news.

I felt proud to be part of the Pakistani media, both through the pages of the magazine and newspaper chain that carry my outspoken opinions, to my own blog and new media, as well as the TV channels that I also appear on. Each one of them went above and beyond to expose the evil, dastardly, cowardly, woman-flogging Taliban for the vile scum that they are.

I am proud of my fellow Pakistanis, here in Pakistan or living abroad, doing their bit to spread the word of this heinous crime – using every tool available to them, from e-mail to Twitter, FaceBook, etc.

I felt pride in the Chief Justice of Pakistan taking notice of this grave injustice and jumping into action. I am even appreciative of usually spineless, two-faced, politicians who spoke up against this cruelty.

In all these things I feel Pakistan and Pakistanis have turned yet another positive corner. I see this as yet another positive sign. I see even more light at the end of the tunnel than before.

I see a nation not falling apart in six months. I see a newly rejuvenated nation. I see Pakistan coming together closer, more united, with greater faith and higher discipline than ever before.

I see a new willingness in the psyche of formerly apathetic Pakistanis finally starting to speak up. Much that I would like to take credit for having written the article asking people not to be silent anymore, in reality my recent article was written knowing in my heart of hearts how great a future we all want for Pakistan.

I know in my heart, mind, body and soul exactly what greatness lies within the hearts, minds and souls of my fellow Muslims and Pakistani people.

Pakistanis taking a stand, and speaking against the evil-doers and the bad news, is the good news, even the best news, we have heard all year.

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Imran Anwar is a New York and Miami based Pakistani-American entrepreneur, Internet pioneer, inventor, writer and TV personality. He can be reached through his web site http://imran.com and imran@imran.com . You can follow him on Twitter at http://twitter.com/imrananwar

© IMRAN 2009
http://www.imran.com/media/blog/
http://www.flickr.com/imrananwar/
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Posted in 2009, Afghanistan, AlQaeda, America, Clerics, Criminals, Democracy, Economy, Free Speech, Freedom, Imran, ImranAnwar, Islam, Media, Muslims, New York, Newspapers, Nuclear Weapons, Pakistan, Politics, Prophet, Suicide, Taliban, Terrorism, Terrorists, War, Washington | Tagged: , , , , , , , , , , , , , , , | Leave a Comment »

Hoping For Good Luck, On Friday The 13th

Posted by imrananwar on March 23, 2009

This has been quite an eventful week in New York. The previous few weeks of economic decline, bad financial news, increasing unemployment numbers and other news of global distress had been pushing the New York Stock Exchange consistently and constantly lower and lower.

Things were so bad that people would have preferred a return of the stress-filled yo-yo stock market days, where one at least had a 50-50 chance of making or losing money!

From a high of almost 13,000 the NYSE reached 6500 and there was talk of it even heading lower. There were fears that it might even fall below 6000 before all is said and done.

This decline continued while the flood of bad news also continued unabated. The only silver lining one could see around these ominous dark clouds was that most companies were choosing to do greater layoffs than they need and reducing costs as much as they can.

Even though each job lost is something that can mean the destruction of dreams of a family, sadly, for big businesses it is all a numbers game. Companies generally prefer to dish out all their bad news in one lump rather than dish it out piecemeal. It is generally easier to recover from a massive jolt and negative dip in stock prices over a few weeks or months. It is harder to get over the malaise that can cripple a company’s stock price if the bad news, no matter how small, just keeps coming every few weeks.

What’s that suggests to me, and keep in mind that I’m no financial adviser, is that most companies may be gearing up to have better than expected results at the end of the March quarter. Or, at least results that are less terrible than the market anticipates. Either one of these could potentially mean a rise in stock prices in April.

Even before the end of the quarter, a few pieces of good news have come out. One of them was that Citibank has been profitable for the last two months. This is the giant global behemoth that is one of those banks considered too large to be allowed to fail. This news came shortly after the bank’s stock was trading at as low as one Dollar per share, a far cry from nearly $60 per share it used to be.

Anybody who bought those shares at the ridiculously low price of one Dollar literally made a profit of 35% in one day, as investors suddenly found their greed outweighing their fear.

Financial company stocks in general benefited from this uptick in the stock market. Most major stocks have been rising consistently for the last few days, though I expect some drops as profit-taking starts again.

Even though it is far too early to claim that the market will not plumb new lows, but more than likely, one year from now economists and other so-called experts will analyse and say that the recovery had begun at an anaemic but measurable rate in these weeks.

President Barack Obama and his team have had most of their focus on the American economy – as well as the global recession that still imperils the world. But in the meantime other serious matters of the world continue to demand attention.

As is consistent with Pakistan and its self-destructive ways, once again American media and Pakistan bashers have gotten ample opportunity to raise the specter of Pakistani nuclear weapons falling into the hands of terrorists – should the country spill further into anarchy.

The recent blatant and brazen terrorist attacks in the metropolitan city of Lahore, the despicable attempts to kill the Sri Lankan Cricket team and the evil murder of police officers and innocent bystanders there showed how almost no part of Pakistan is safe. This was an attack obviously not carried out by Taleban type thugs but by some well-organised but equally evil professionally trained gang of killers.

The Taleban continue to remain in the news, especially Pakistan ceding control of Swat and other regions to what are perceived as extremist groups. American drone and missile strikes continue to kill Pakistanis, innocent or otherwise, with disturbing regularity. India continues to rattle its sabers in the guise of demanding justice for the Mumbai attacks. In other words, there is no possible threat, internal or external, military, economic, political or social that Pakistan does not face.

Yet our shameless, spineless, gutless, clueless and witless politicians continue to fight over who sits at the head of the table – while this ship of state is rapidly sinking. Unlike even the Titanic, Pakistan is like a ship whose captain has been aiming it at every single iceberg he can see. On top of that, the ship has been torpedoed from behind. Its own crew is setting fire to cabins and furniture while others are busy looting what they can.

It is no wonder therefore that foreign powers, including America, find that the only way to control Pakistan, even to keep it from self-destructing, is to manage it not as friends but as masters. And, Pakistani politicians are quite OK with that.

From politicians, I want to shift to lawyers. Every country in the world has its share of lawyer jokes. For the last one year, and once again this month, it happens to be Pakistan’s lawyers and barristers, who have taken up the challenge to restore democracy and justice.

A profession that relies not on regular salaries but on almost daily work in the courthouse has once again stepped up, at great cost to its self, economically, professionally, personally. Today I must salute the lawyers and other professionals of Pakistan, not just for bringing down one dictator, but for ensuring that Pakistanis as a nation see that they can choose and control what the government can or cannot do when an elected person tries to act as a dictator.

Will democracy rule or will Pakistan sink into the abyss of chaos and anarchy?

The fact that things have come to this stage in itself is a tragedy. For the first time in more than 60 years we had an opportunity to establish state institutions. This was a historic opportunity because so many forces lined up in a once in a century series of events. The sacrifice of Benazir Bhutto, the professionalism of General Kayani, the sensibility of some political leaders and the great courage of Chief Justice Iftikhar Choudhry and fellow judges. Rarely had so many forces lined up to restore true democracy to Pakistan. And, sadly, rarely have historic opportunities of such greatness been grasped in Pakistan.

As I am writing these lines in New York – on this 13th of March – I am hoping for some good luck for Pakistan. The only positive news is that some sort of compromise may be in the works in Islamabad. I, like millions of Pakistanis, can only hope and pray for that miracle and some Good Luck, today, on Friday The 13th.


This article was in client publications on Friday the 13th, 2009.

Imran Anwar is a New York based Pakistani-American entrepreneur, Internet pioneer, inventor, writer and TV personality. He can be reached through his web site http://imran.com and imran@imran.com . You can follow him on Twitter at http://twitter.com/imrananwar

Posted in 2009, America, Americans, Army, Asif Zardari, Assassination, Bailout, Bank, Banking, Barack Obama, Benazir, Benazir Bhutto, Bhutto, Constitution, Democracy, Dictatorship, Economic Recovery, Economy, Elections, Free Speech, Freedom, Future, General, Hypocrisy, Imran, Imran Anwar, IMRAN.TV, ImranAnwar, In My Humble Opinion, Justice, Musharaff, Nawaz Sharif, New York, News, Newspapers, Pakistan, President, Stocks, Supreme Court, Terrorism, Washington | Tagged: , , , , , , , , , , , , , , , , , | Leave a Comment »

The Three Trillion Dollar Question & The Answer Is….

Posted by imrananwar on February 16, 2009

The fact is that the American and the global economy are in a severe recession. The biggest problem is a crisis of confidence. Uncertainty is always known to be the enemy of confidence. I am reminded of the Heisenberg Uncertainty Principle that we were taught in our electrical engineering studies, at the University of Engineering and Technology at Lahore 25 years ago.

The problem with the uncertainty today is that no one seems to know what they are uncertain about. Almost everyone agrees that the economy will eventually recover. Most people can also see the signs, not just here in America, but also abroad. These show some economic activity has begun to take place.

Some of the positive news that has come out in the American media recently has been a decline in the number of homes going into foreclosure. This has come at the same time as higher retail sales figures for the month of January. Of course these numbers may look higher compared to the very dismal sales figures of December 2008. Regardless, it is a positive sign.

However, it seems that at every stage, and at every piece of news, the stock market reacts adversely. My personal suspicion is that most large investors, including players in the stock market, and other influential figures may also be playing an active but insidious role in ensuring volatility in the stock market.

Mind you, I have no actual proof of this. It is merely a hunch. My suspicion is that these people play the stock market not just for regular profit but for nefarious purposes.

The volatility is actually not random but manipulated by certain key investor groups. It is their way of ensuring that people in government, the media as well as the public at large remain uncertain, as well as demanding of a bigger and bigger stimulus package, that is likely to benefit fewer and fewer people.

In other words, the more volatility they show in the market, the more they can get people to panic. The more that happens, or the more things appear uncertain, the greater the likelihood of being able to force the government to spend billions of dollars more, mostly on pork barrel spending or bailouts of crooked bankers.

There are several other positive signs. The price of oil continues to remain low. President Baraka Hussein Obama, with the support of his Democratic majority in Congress, has succeeded in passing a massive stimulus package. This stimulus package as it is called is nearly $800 billion worth of mostly government spending.

This package has come on top of nearly $2 trillion being pumped into American banks. In other words almost $3 trillion is getting spent on restarting the American economy. But is it going to be enough? That is the massive historical question.

My personal feeling is still ambivalence towards these amounts being spent.

I am highly opposed to the massive money poured into banks that did not lend money to consumers. Some of these shameless perpetrators of corporate malfeasance, and gross negligence and incompetence, went on to give themselves billions of dollars in bonuses. One yearns for the days of public hanging of vile characters like that.

Similarly, the money being spent on big government projects are not the answer for short-term solutions that we need to jumpstart the economy really quickly. For example, many projects will take months, if not years, to actually get rolling. Many approval processes and similar formalities will insure other delays. That means any hiring or new jobs that come from these projects may take years to come into the economy.

As a matter of fact, if the economy recovers on its own, especially with the private sector leading the way, it is even possible that by the time these government projects come online most of the capable talent will already be in private service. That means either less experienced or less capable people will end up running those projects. That increases the likelihood of failure and wasted money.

For months I have been proposing an alternate economic recovery plan. My proposal was based not on spending $3 trillion but one trillion.

My proposal is very simple. I suggest that the government set aside $1 trillion and create a state run bank. This bank would issue a short-term limited use credit card. On average the $1 trillion would be given out as a $10,000 credit card to 100 million American households. The range of credit available on these cards would be $5000-$25,000 (hence the average of about $10,000 per household).

The credit cards would be issued with a very simple set of rules. They would only be given to people who are legal residents, or citizens, and who had paid taxes in the last three years. They would not have filed bankruptcy during that period. People would have between 30 and 90 days to use up the entire limit on their credit card. That means “use it or lose it” would be the rule.

This would ensure that one trillion American dollars would jump right back into the economy within 30-90 days. People would be allowed to buy anything legal at any American merchant who accepts these credit cards. These credit cards could even be used to buy an American automobile, if people wanted to. That way American consumers money would be going to American automakers to help them recover – but without it being a no strings attached bailout, as was previously being asked for.

This credit card would not be a giveaway. The entire money borrowed by the consumers would have to be repaid in full, with interest, to the government. However, instead of 15-25% interest rates that most banks charge on credit cards, if they were even issuing new credit, people would be able to pay in this credit card loan back to the government at a nominal interest rate of about 5%.

Even at this 5% rate consumers would be saving a ton of money in interest payments. At the same time even the government would be making a lot more money in interest income than it has been getting from literally giving away taxpayer money to banks at nearly 0%.

Instead of the government trying to set up the infrastructure for doing this, I would have MasterCard, Visa and American Express compete for the business of merchant processing. The condition would be that they would not charge the typical 3-5% transaction fee to merchants but 0.5%
In exchange merchants would have to pass that in savings to consumers. It would still be a win-win-win for everybody.

The credit card companies would still get to process hundreds of millions of new transactions – without having to do any marketing. Merchants would be ensured of immediate new cash coming in through these transactions – without additional cost. Consumers would benefit from the lower costs being passed on to them – without having to wait for expensive credit lines from sleazy banks.

People would have the choice of paying this credit card in monthly statement payments, just like any other credit card. In addition they could also make payments to this credit card loan by adding some of the amount due to the annual taxes that they pay.

Within five years most of the money will be recovered in full, with interest. $1 trillion will immediately go into the US economy to jumpstart it. Many consumers will be able to buy things that they are unable to afford for lack of credit right now. Thousands of merchants will be able to stay in business with the influx of cash. States will benefit from sales tax revenues starting up again. Manufacturers will be able to keep factories running and people employed. Above all, the solution benefits every American, at every level of education and economic strata, not just a few.

I believe my $1 trillion answer is the solution to the $3 trillion question. What do you think?

Posted in 2009, America, Automakers, Banking, Barack Obama, Consumers, Credit Cards, Democrats, Economic Recovery, Economy, Future, Imran Anwar, Investment, Money, Obama, Politics, President | Tagged: , , , , , , , , , , , , , , | Comments Off on The Three Trillion Dollar Question & The Answer Is….

IMRAN.TV: (Urdu) “What’s Next In Pakistan-India, Palestine-Israel Issues & Obama Administration?”

Posted by imrananwar on January 19, 2009

Imran Anwar, IMRAN.TV, New York, Local video feed clip of Pakistani TV channel’s question:

Q. What is the situation in America and what comes next for India-Pakistan, Israel-Palestine and other issues under the Obama administration?

What is your opinion?

Category: News & Politics

Posted in 2009, Barack Obama, Danger, Economic Recovery, Economy, Editorial, George Bush, Hindus, History, Imran, Imran Anwar, IMRAN.TV, ImranAnwar, India, Israel, Kashmir, Media, Muslims, News, Obama, Palestine, Politics, President, TV, Urdu, Zionists | Tagged: , , , , , , , , , , , , , , , , , , | Leave a Comment »

IMRAN.TV: (Urdu) “What Are People’s Expectations From Obama?”

Posted by imrananwar on January 19, 2009

Imran Anwar, IMRAN.TV, New York, Local video feed clip of Urdu TV channel’s question:

Q. What are people’s expectations of President Barack Hussein Obama?

What is your opinion?

Category: News & Politics

Posted in Barack Obama, Cabinet, Clinton, Economic Recovery, Economy, George Bush, History, Imran Anwar, IMRAN.TV, ImranAnwar, In My Humble Opinion, India, Israel, Kashmir, Media, Muslims, News, Obama, Pakistan, Palestine, Politics, President, Urdu, Video | Tagged: , , , , , , , , , , , , , , , , , , , | Leave a Comment »

IMRAN Economic Recovery Plan – Do You Need Help In This Economy? – “Help Us Help US”

Posted by imrananwar on January 8, 2009

Are things looking bad in this economy? Who’s bailing you out? Could you use $25,000 right about now?

Here is a working plan that will save us and the US.

Financial deregulation started under the Clinton era and, through the terrible mismanagement under George W. Bush, the economy melted. Now TRILLIONS of Dollars were given away by Bush to bailout industries that put you, me and our entire economy at risk. Even failing carmakers are getting Billions. Are you getting a dime?

Obama has good ideas but they are not enough to do anything for you, for us, for the US in the immediate situation. We need help NOW.

Here is the IMRAN Economic Recovery Plan.

It provides a specific way to trigger an economic recovery within 90 days. Ninety Days, not 9 months or 9 years.

Imran Anwar ( http://imran.com/media/blog/ ) explains the plan and the specifics on how it would work. Using a simple example with numbers, he shows how much money you would get, how you can spend it to stabilize your situation and help the economy. Finally, he explains how the government gets the money back – so we are not all paying trillions in higher taxes for money that makes bankers and other failed executives even richer at our expense while we lose homes, jobs, cars and our future.

This plan ensures legal American residents, citizens and taxpayers are bailed out. They can spend money on American businesses, so more Americans can be hired and the American government can get tax revenues again to ensure a stronger future for AMERICANS.

Would $25,000 to $30,000 help you today? If you want to get help, do something. Take action. It’s easy.

Please tell everyone you know about this ERP (Economic Recovery Plan).

Please share on FaceBook, MySpace, your blog, Twitter, Digg, StumbleUpon… call in on radio shows, email TV programs and hosts that you like. Write letters to editors.

If you don’t take action, no one will bail you out but you will be paying for years for money given away to bankers, oil companies, automakers and other sleazy businesses. It’s your choice. Watch now and please rate it positively so others can hear the idea and support it. Help Us Help US!

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Posted in America, Automakers, Automobiles, Bailout, Bank, Barack Obama, Bill Clinton, Bush, Business, Citibank, Clinton, Congress, Consumers, Credit, Credit Cards, Democrats, Deregulation, Detroit, Economic Recovery, Economy, Entrepreneur, Future, George Bush, Globalization, Imran, Imran Anwar, IMRAN.TV, In My Humble Opinion, Innovation, Loan, Merchants, Obama, Opportunity, Republicans, Rescue, Socialism, Strategy, Treasury, USA, Video, Washington, Wealth | Leave a Comment »

Playing Games With The Future

Posted by imrananwar on November 21, 2008

Part 2: Playing Games With The Future

By Imran Anwar

In the previous column we were analyzing how the Republican Party and defeated politicians play the blame the media game. Even though President-elect Barack Obama has won the election, there are many months before he can even more into the White House. He is busy putting together his team and trying to arrange for a smooth transition from the current administration.

We are looking forward to seeing capable, strong, respected, intelligent and competent people to get lots of Cabinet and administrative positions. In other words, we are expecting from the Obama administration what we did not have in the Bush administration!

In the meantime, lame duck president George W. Bush cannot seem to wipe the glee of his face in that his disastrous presidency is coming to an end. He still does not seem to understand the serious damage he has done to America, Americans, the world and America’s standing in the world. He is just acting as if a juvenile, who had been given the responsibility for managing a dorm for a few weeks, is glad that he can go back to partying and having a good time. Texas ranch, here I come!

His team of incompetent, and sometimes corrupt, officials continues to wreak havoc on the nation and the global economy. Secretary Hank Paulson in particular has been spectacular in his inability, apparent poor judgment and lack of good decision-making. It seems that every time he opens his mouth the stock market will drop 200-500 points. Call that the financial equivalent of Hurricane Katrina, another Bush disaster legacy of rewarding failure and incompetence.

As I have written before, the world faces grave financial crises, which need both liquidity and a return of credit and consumer confidence. Paulson does not seem to know how to provide either one. First he disagreed with the good decisions that were being made by other central bankers around the world. Then he agreed with them and said he would follow them.

Then he announced that the government would use the bailout money from taxpayers to buy bad assets, or bad loans, from banks and financial institutions. In effect, he proposed rewarding poorly managed companies run by greedy and crooked executives, while saddling the taxpayer and the American economy with trillions of dollars in liabilities.

When the market had finally adjusted to this, dumb as it was, idea – he roiled the markets again. He did this, in effect, by saying, oops, that’s not what he was planning to do. He then proposed finding some new way to give the money not to the financial institutions that are melting, and could sink the entire global economy with them, but consumers who have high credit card debt.

As was to be expected, the bank stocks that were starting to stabilize took a massive new beating. The entire stock market dropped precipitously again. Thanks, Hank.

An interesting news item related to this financial crisis is that opinionated, big mouth, gold and daring movie producer Michael Moore (who had done great exposes on Bush, 9/11, the war on terror, the US auto industry, US health-care, etc.) has announced that he will be making another movie.

This time he will follow up to his previous successes with a movie exposing the games and players that made up the current financial mess. Hopefully, he will expose their endgame as being something that America and the world cannot afford to play.

News reports still continue to comment on how major American corporations, financial institutions, and insurance companies that have their hands stretched out asking for taxpayer bailout still continue to shamelessly spend money on unbelievable expenses.

AIG is the worst culprit of them all. There have been documented cases of more than one expensive, unnecessary and in your face lavish events that this company has continued to hold for its executives.

This company is getting some of the biggest handouts in corporate, financial and global history, already exceeding the $100 billion, yet its executives are dining out on $400 steakhouse dinners, staying in two-storey resort bungalows – while having massage and spa treatment instead of attending the so-called necessary conference costing nearly half a million Dollars! I wonder where I can apply for one of these jobs. I love steak, my shoulders are tight and I sure could use some R&R at taxpayer expense.

I have to give credit to my fellow media professional, the respected TV anchor, Lou Dobbs of CNN for not letting go of the story – despite the bold-faced explanations of the AIG CEO on the lame Larry King Show.

There is one story, however, that I do not think anyone is investigating at least now. It would be so great if CNN, the New York Times or the Washington Post – all the great American institutions – would spend some resources on investigating, in-depth, the major stock trades that took place during the last few months.

I do not have any proof to level a formal complaint or accusation, yet. But, I have a hunch that all was not as it appeared.

I hope that future historians, investigators, and congressional committees will investigate what I am going to say in more depth. I wonder, no, I ask: Was the stock market being manipulated by M/s Paulson, Bush officials and their cronies? What do you think?

While it seems hard to imagine, I do not put it past the friends of evil genius Karl Rove to let the United States economy fall into a new great depression.

Students of the Great Depression and its causes, including Secretary Paulson, and Karl Rove, know that it can take four years or more for an economy to come back from a giant depression.

That means, conceivably it is possible to sabotage an Obama presidency even before he takes office! They could do this while setting the stage for the economy to still be in bad shape when the Republicans make the next bid for the White House in 2012.

I hope I am wrong, but American politicians have been guilty of far worse crimes, against their own people.

Imran Anwar is a New York and Miami based Pakistani-American entrepreneur, Internet pioneer, inventor, writer and TV personality. He can be reached through his web site http://imran.com and imran@imran.com. You can follow him on Twitter at http://twitter.com/imrananwar

Posted in America, Bailout, Barack Obama, Bush, CNN, Crisis, Economy, Finance, Future, George Bush, Imran, Imran Anwar, Movies, Obama, Paulson, Stocks, Treasury | Leave a Comment »

Playing The Blame Game

Posted by imrananwar on November 14, 2008

The historic election of president-elect Barack Obama is complete. Jockeying has begun for positions in the new Cabinet and the new administration – which will take oath of office in early 2009. Democrats who have worked hard for Obama’s success are lining up.

On the Republican side, the blame game continues on who was responsible for the disastrous showing of the Republican Party in the recent elections. Not only did a relative newcomer to politics, but an African-American on top of that, manage to beat a far more established political rival John McCain, Democrats also increased their significant majority in Congress and now even the Senate. It’s going to be a difficult 2-4 years for the Republicans.

While the Republicans are still licking their wounds, they are still not an agreement on whether the defeated vice presidential candidate Sarah Palin was an asset or a serious liability.

There are some who admit that Sarah Palin was a terrible selection. Even the unofficial mouthpiece of the Republican Party, and the ultra-right-wing as well as neo-con movements of the United States, Fox News Channel, had one of its reporters rattling off a litany of Sarah Palin weaknesses.

Of course this was done after the election. This included apparently amazing, and downright scary, facts like the candidate for vice president of the United States, one heartbeat away from the presidency if the physically challenged John McCain was to die while in office, could not name the three countries that make up North America! Canada is to the North of us Americans, and Mexico is to the South. She did not know that! She did not know that Africa is a continent and not a country. The list goes on.

What is even more shocking than such an apparent moron being a major political party’s candidate is that some people still do not seem to have learned a lesson from this defeat. It appears that some part of the Republican Party still does not get it. There are people who are already positioning Palin for a presidential run in 2012. They seem to think that extreme right-wing ultraconservative bible thumping hockey mom small town Christian mentality is what America needs. Heaven forbid!

These people are quite clear in their thinking that she was a great candidate who was simply defeated because the media did not like her. Blaming the media is nothing new, as we know in all countries. Most parties and candidates do it, especially if they are falling behind or defeated.

However, even as a writer who worked for a newspaper (Jang Group & MAG Weekly) in Pakistan that was constantly attacked by the left and right asking for greater coverage than the other side, I find the Republican Party’s blaming the media laughable.

I am all for being fair and balanced, for real, unlike just as a dumb slogan, and giving equal coverage to all parties – especially at the start of the race.

The media’s job is not to be a mouthpiece of either party, nor should it try to influence people in one way or the other, when the choice is between two equally strong candidates.

But, it is ridiculous to assume that the media should be giving equal coverage, or writing equal number of "positive stories" if one candidate is running an awesome campaign and the other just cannot seem to get his foot out of his mouth.

Another amazing thing that is happening now, post-election, is that the same Sarah Palin who was unavailable to do any interviews, or take any press conferences except with carefully chosen friendly journalists, is now all over the media.

One of my favourite TV anchors is Campbell Brown over at CNN. She is bright, beautiful and bold. That is why it is great to see her run a show called "No Bias No Bull". In a recent episode I loved it when she declared that during the elections they could not get Sarah Palin to speak to them and now, post-election, Palin does not ever seem to "shut up!"

Suddenly the same Republican Party that was attacking the media elite, while not making its candidates available to speak to them, is actively courting the media.

John McCain made his first TV appearance after losing the election on "The Tonight Show with Jay Leno". To his credit McCain has been a gentleman in defeat. He has been gracious and even funny. He told Jay Leno that after losing the election he has been sleeping like a baby. He sleeps for two hours, wakes up crying and goes back to sleep.

In the meantime Sarah Palin, who was calling Barack Obama a socialist, is now gushing with praise and kind words for him and his family. The same man that she was trying to label a terrorist-friend is one she is suggesting should be selecting opponent republicans to be members of his Cabinet. Nice try.

Only time will tell if the Republican Party will continue down this destructive path of courting the ultra-right-wing, fundamentalist Christian, extreme elements of American society.

I, for one, am hoping that the American public and the American media will continue to keep an eye on what and how the Democrats do in the next two years. If it looks like they are foolishly squandering the historic opportunity that American voters gave them, it would be an opportunity for the Republican Party to find its footing, and its place in history again. But that cannot be done just by playing the blame-the-media game.

As a member of the media, I also feel it is our responsibility, to now report accurately, fairly and with an eye to the future. America, and the world, stand together on the brink of disaster but with great and bright future days still within sight. It is up to us to work together to make that brighter future a reality.

[Continued…]

Imran Anwar is a New York and Miami based Pakistani-American entrepreneur, Internet pioneer, inventor, writer and TV personality. He can be reached through his web site http://imran.com and imran@imran.com . You can follow him on Twitter at http://twitter.com/imrananwar

Posted in America, Barack Obama, Cabinet, Democrats, Economy, Elections, George Bush, Imran, Imran Anwar, Jang, McCain, Obama, Pakistan, Republicans, Sarah Palin | Leave a Comment »

America’s Choice: Brink Of Disaster, Verge Of Destiny – Election 2008

Posted by imrananwar on November 3, 2008

Brink Of Disaster, Verge Of Destiny

By Imran Anwar

The United States won victory in World War II, but 50 years later it was the vanquished Germany and Japan that won the economic war. The United States won the Cold War, but even fewer years later it is Communist China, and a Resurgent Russia, that are growing economies and global political players again.

The world today stands on the brink of an economic disaster of historic and global proportions. The United States today stands on the precipice, also on the brink of an economic meltdown but also with a historic opportunity. On November 4 Americans will elect their new president for the next four years. At no time in modern history has this election been of greater importance to the American people, as well as citizens of the world.

The clearly disastrous and mismanaged administration of George W. Bush will also be a factor. Under this most unpopular president in modern history, and the most reviled American leader in the world, America went from being the sole, respected, superpower in a unipolar world to one of the most despised, jingoistic, aggressive, yet weakened and threatened countries in the world.

The choice today that the American voters will make is actually one of historic importance and significance for everybody. The choice American voters will make shall determine whether America continues to pursue the same failed economic, foreign and domestic policies of George W. Bush or embark on a new road to peace and prosperity worldwide.

Americans have to choose between two candidates for our next President.

The Republican Party candidate is Senator John McCain, a man in his 70s, with health issues and a mixed bag of experience, respect, scandal and lack of personal ethics in his past. The Democratic Party candidate, Barack Hussein Obama, is the son of the Kenyan Muslim immigrant, a black male, born and raised in poor circumstances. He also has possibly the worst name any candidate could have to run for election in the United States in a post 9/11 America (with its fear and dislike for Muslims with names like Saddam Hussein and Osama)!

In general it has been seen that any election held during the time of economic crisis, especially one as serious as the current one, will most likely lead to the defeat of the incumbent party. Add to that the unpopularity of the current president and you would almost think the Democrats have it made. However, the unique, and interesting, twist in this election was the breakdown of several historic barriers.

Democrats set the agenda, and the new standard, when their final two candidates were Senator Hillary Clinton, a woman, and Senator Barack Obama, a black man. In effect, the Democrats knew they were going to make history through the first ever nomination of either a woman or a black man to be a major party candidate for president.

The entire Republican field, meanwhile, as usual, was comprised of the same good old white men’s club.

After a bitter, and tough, primary election fight Obama won over Hillary Clinton. A lot of Democrats were hoping for the “dream ticket”, in which Obama and Hillary Clinton would be the presidential and vice presidential candidates respectively. However, the bad blood between the two of them was too much to overcome until recently. Obama made a wise choice anyway – by selecting the experienced and well-liked Senator Joseph Biden to be his running mate as vice president.

On the Republican side, after many ups and downs Senator John McCain prevailed over many smarter and more desirable candidates. He waited to announce his running mate until after Senator Obama had announced his VP. One of the things John McCain likes to claim, and at one time had been, was a maverick. However, in this particular case he chose Sarah Palin, the poorly vetted, little-known governor of a sparsely populated state of Alaska, to be his VP. (She was recently found guilty of ethics violations, her underage daughter is pregnant out of wedlock, her husband belonged to an anti-America organization, but no one seemed to notice!).

In the end, America and American voters have to choose between two men and their running mates.

John McCain was relying on his non-stop support for the Iraq war, and his having been a “war hero”, as a prisoner of war in the Vietnam War, as his strengths as a candidate. Running as a Republican candidate, which also espouses Conservative values, he of course would not like people to remember his adulterous background, his dumping his first wife as she was being disfigured by cancer, going on to marry a rich woman who makes her money from a booze distribution business. He wants people to ignore his getting involved with the well-known crook Charles Keating, and helping protect Keating while his fraud brought about a massive financial crisis 20 years ago.

Very few people also seem to remember that McCain was Fourth from the bottom of his class of almost 900 students. He was shot down as an air force pilot not because he was being a hero but because he was just not a good pilot. His poor piloting destroyed at least 4 planes that he was flying! Of course, Americans should honor him for having being a prisoner of war, and a decorated war hero. But, by that token, people should also have elected Senator John Kerry as president in 2004. We know that did not happen.

But the biggest thing, the alignment of external factors beyond John McCain’s control, which may doom his run for the White House ended up being something he had the least knowledge, confidence, and ideas on – the economy.

He was literally giving speeches declaring that the fundamentals of the American economy were sound and everything was fine – on the same day that Lehman Brothers, the large respected bank, collapsed and the economic meltdown began. Even during the three presidential debates with Senator Obama, Senator McCain has had no particular ideas, or proposals, other than a mantra of anti-democratic party rhetoric and trying to label his opponent through words of fear and innuendo.

While all this was happening John McCain was also losing one of his core constituencies, independent and fiscally conservative Democratic leaning voters. He lost them by chasing after and begging for the support of the very same people he had called “agents of intolerance” in his previous attempts at the White House. He went out of his way to cater to the needs, and demands, of the neo-Conservative, fundamentalist, right wing Christian and evangelical groups.

The more radically right he went, the shriller his attacks on Senator Obama became. The final nail in that coffin of the so-called original John McCain came with his selection of Sarah Palin to be his running mate. Initially seen as a breath of fresh air, the young, attractive, confident, well-spoken former beauty queen shook things up – especially in the core base of the Republican Party.

However, in just a few weeks, thanks to mismanagement, to saying the most ridiculous and foolish things during TV interviews, unsuccessfully trying to label her opponents as socialists or communists, she has ensured that she is now showing up in surveys as costing John McCain several percentage points of support among likely voters.

Senator Obama, on the other hand, despite belonging to the usually very disorganized Democratic Party, has run one of the most successful, and best managed campaigns of modern elections. He and his supporters have rewritten the book on fundraising, raising awareness, getting voters involved, staying on message, and exciting the electorate.

Despite coming from humble beginnings, Obama attended the prestigious Columbia and Harvard universities. He has been an excellent orator and came as a breath of fresh air to the American voter. Despite his having much lesser experience in politics, he literally burst on the scene in the 2004 elections, as a speaker at the Democratic National Convention. Most people expected him to one day be a national level candidate, perhaps 12-16 years. However, the historic opportunity came sooner than expected. First he got elected to the Senate and within two years he is within touching distance from the White House.

He has been able to focus on the economy and also on his best-known policy stand, which was his firm opposition to the war in Iraq. With his charisma, his speeches, his ideas, he was able to inspire great supporters and major respected adviser to join him. He was able to excite the electorate like few candidates have since Bill Clinton. He was able to raise money directly from the people, enabling him and his party to spread their message of hope, change, and a new beginning. This was like magic for the masses who were sick of George W. Bush and his policies. His campaign made McCain’s supporting Bush 90% of the time a major issue. In essence, they have made McCain’s candidacy a continuation of the Bush campaign. They have made the election a referendum on Bush – a man so unpopular even his own party candidates for any state or national seat have not invited him to even be in the same city as them!

Will this be a referendum on Bush? Will it be a victory of hope over status quo? Will it be the dawn of a new era or the same old same old?

While we wait for voting to begin, and the results to come in, we have nothing but polls, surveys and interviews with people who have gone for early voting. (Several American states allow people to vote early). By almost all polls it almost appears that the die has been cast. A huge, historic, unprecedented level of early voters has turned out. The vast majority of them are said to be voting for Obama for President. However, as they say, it ain’t done till it’s done.

There are many things that can go wrong during this election.

Polls can be wrong, especially in this case. The reason is that many people may claim that they will vote for the black candidate, but being racist at heart, will actually vote for the white candidate on election day. Another factor can be overconfidence by Obama supporters, who may decide not to go to vote because they will think they have already won the election.

Voting machine errors, especially in the new kinds of electronic machines being used in some states, also have people concerned. Fraud is a real possibility, as has been seen with so-called mis-calibrated voting machines. Even in areas not using electronic voting machines, who can forget the disaster that was Florida voting George W. Bush into power in 2000, because of poorly punched paper ballots. The fear of “hanging chads” still hangs over democratic heads.

In essence, America faces a choice. On the one hand it faces economic ruin and a disastrous war in Iraq continuing for years to come and more of the same by John McCain. On the other hand it faces overcoming its biggest challenges, including a history of slavery and racism. Most analysts and polls suggest that America is ready to make a historic decision. Most expect Obama to become the first black president of the United States and lead this country to a great destiny.

Brink Of Disaster or Verge Of Destiny? Which choice will the American voters make? It will become known to us in 24 hours. Stay tuned.


Imran Anwar is a New York and Miami based Pakistani-American entrepreneur, Internet pioneer, investor, writer and TV personality. He can be reached through his web site http://imran.com and imran@imran.com

Posted in America, Bush, Clinton, Economy, Elections, Iraq, McCain, Obama, Palin, President, Sarah Palin | Leave a Comment »

 
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