American Insurance Group (AIG) has once again demonstrated to the world how greed, recklessness and insensitiveness can get the upper hand of public sympathy ..
If this company was allowed to go bust in the first instance itself, this reckless act of paying bonuses to the top executives from the begging bowl(who helped the company sink into the red and was seen running around with the begging bowl for governmental interference through public taxpayer funds) would not have come up at all.
The act of public-tax payer benevolence in rescuing the sinking AIG, has been misunderstood by the AIG top executives ( very much representative of the average sensibility) as okaying their reckless behaviour of splurge and extravaganza ..
How could Obama not have got outraged, lest he be branded as a dumb and ineffective President, as most of his predecessors ?
AIG top execs not responding on how and to whom these bonuses were to be disbursed, is the icing on the cake which they would repent for a long time to come.
Till the insensitive American public, rises up to the occasion, it is " Privatisation of profits, socialisation of lossses and robbing from the begging bowl" policy .. The American spirit of enterprise, freedom and indomitance being demonstrated to the outside world.. American values being put to the test, overcoming the trials and tribulations !!
American macho is stressed. The values for which leaders like Washington, Lincoln and Kennedy stood for are being tested and it is good that the tests are being overcome most successfully ..
Well done boys !!
Blaming that the terrorist attack in the morning of 3 Mar 2009, was on similar lines as that on Mumbai in Nov 2008, Pakistan is trying to wash its hands off the actions of this group of extremists who are trained and have executed their operations in their homeland and in neighbouring countries, to clockwork precision.
The meeting on 26 Feb between the ISI chief and AlQaeda chief in the border regions of Pakistan is enough indication that there are many people running the show in Pakistan. On the one hand, the civilised face of Pakistan is the President Zardari, PM and others, the other face is of the military under Gen Kayani, remotely controlling the civilian establishment and finally the third face is of the Intelligence service, Inter Service Intelligence ISI, which is remotely controlling Muslim fundamentalist terrorist groups owing allegiance to Taliban and Al Qaeda ..
The incident, besides threatening to change the image of Pakistan in international circles to that of a terrorist, failed state similar to Afghanistan , where gun power and fundamentalism rules over the brain and brawn, hatred and terror over love and compassion, will brand Pakistan as a terror supporting and friendly state. Other countries of the world will think twice before having any negotiations with Pakistan in future..
Buying peace with Taliban by handing over state control in areas of North West Pakistan bordering Afghanistan to Taliban, the present govt of Pakistan has abdicated its right to rule over the country. It is in the process of giving up its responsibility towards its citizens of maintaining law and order and insted is playing into the hands of the ISI and the terrorists. A sad and pitiable state I would not ever wish Pakistan to be in. It is, no doubt, a big threat to India too.
And US still maintaining cordial relations with Pak and considering extending financial aid to it is the topping cream ...
God only can help US and Pakistan ...
Japanese companies who were considered employee friendly have been laying off workers left and right..
dec 08 Matsushita/Panasonic 15,000
Jan 09 NEC 15,000
Since I understand this is a global phenomenon and nothing can be done, I am more or less mentally prepared to face the consequences..
A workshop, covering social and psychological aspects, on how to handle the economic downturn, when you are the affected party, was planned in our Institute, but got postponed due to poor participation.
This is not the time for any academic discourse on layoffs and dismissals from work, this is the time to reconsolidate our finances, reconsider our commitments, to our family and banks and to have a relook at loans.
Do not jump into financial commitments running into more than two three years, evaluate them very closely.. This is the time to think of alternate means and methods to keep oneself employed, busy and earning for the family. One needs to think with a cool head as to what are our strengths and weaknesses, whether one needs to hone up some skills or not...
If you have not been spending quality time with family, one needs to sit calmly with them and think of ways to overcome this temporary phenomenon. The very first terrifying thoughts which come to one's mind, during such times, is , will I be able to take care of my family, what will they do ?
In fact, you are living for them and if you are able to openly discuss the situation with them , citing all difficulties which some elderly family members may have to endure for a short time, it brings lot of clarity to issues ..
Peace of mind and assurance from family members will definitely take oneself a long way and help tide over the crisis. It is also the time to rediscover one's roots, reconnect with old friends, relatives and acquaintances for whom we never had the time earlier..
To quote from my personal experiences, these days I am spending lot of quality time with family, have realised the value of keeping daily accounts of my expenses, avoid unnecessary expenses, trips, visits to the hotel, impulsive purchases and so on..
Maybe if I am laid off, ( having taken the risk of moving from a very secure, lazy and dull government job to an exciting and risky private sector job),I know it is not due to my incompetence, but it is a natural global restructuring exercise. Maybe this purge the society of unwanted greed, speculation and ethical void.
I am now satisfied with what constitutes a reasonable remuneration for my legitimate needs to take care of my family, family needs and other expenses.
I also realise how important it is now to understand one's roots .. You cannot ignore the route which you came from, your parents and siblings..
They are the only people you can really turn to in these times..
I am preparing myself, are you ?? Better prepare oneself then be taken really by surprise..
General Motors , over a century of operations around the world .. After India's attraction as a manufacturing hub for some of th...