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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (49027)	9/6/2005 6:11:07 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

‘Pakistani minister due in Israel soon’ JERUSALEM: As a follow-up of the recent meeting between the Israeli and Pakistani foreign ministers in Istanbul, Islamabad will soon send senior officials led by a federal minister to Tel Aviv to promote ‘diplomatic relations with Israel, the Middle East Study Centre quoted a statement by the Tel Aviv-based International Organisation of Jews as saying on Monday. However, the centre did not name the minister. The centre also said Pakistani President Pervez Musharraf had a covert interaction with a noted Jewish figure in Islamabad two months ago. In the meeting, the president feared he would have to face a public backlash at home if he allowed diplomatic relations between Pakistan and Israel. “However, Musharraf promised Islamabad will gradually advance towards formal Pak-Israeli relations,” the centre added. The centre also claimed Musharraf had allowed Pakistani Christians to visit Jerusalem. Separately, Jordan said on Monday that Pakistan was a sovereign state and was free to establish diplomatic relations with Israel or any other country. online

To: IQBAL LATIF who wrote (49027)	9/7/2005 3:17:32 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

iranian.ws "Why the world invests its entire savings in US?" Sep 7, 2005 Iqbal Latif Paris, Persian Journal And what happens if on the other hand America can't borrow the money from an obstinate world? It is now said that ''saving is sin and spending is virtue.'' It is so correct, but only for the right kind of nation! I would always suggest that 'don't ever cut your expenditure rather increase the size of your cake.' On general assumptions that the US has taken over $5 trillion from the world, so, as the world saves for the US, Americans spend freely. Today, to keep the US consumption going, that is for the US economy to work, other countries have to remit $180 billion every quarter, which is $2 billion a day, to the US! Otherwise the US economy would go for a six. So will the global economy. The result will be no different if US consumers begin consuming less. The questions being asked is ''Why the world invests its entire savings in US? And what happens if on the other hand America can't borrow the money from an obstinate world? An Indian economist recently wrote that US needs money to finance its consumption, the world provides the money. It's like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer. And the world is like the helpless shopkeeper financier''. America works on the dictum that makes new global consumers; the debt is too trivial and can be paid off. American debt, seen in the light of new global consumerism and export of American habits, it is miniscule. The analogy of that shopkeeper is so off the mark that one can only ridicule and rubbish it. Yes, our world may be a shopkeeper helping the customer, the US, to buy more, by lending her credit, but the customer in this case is buying goods which are primarily and intellectually made by him. They have a huge hold on global intellectual property rights. Everything they buy helps their own self and, on top, to keep the world's affluence on track they need to consume. Henry Ford used to say that he would only succeed if his workers can purchase the cars he makes. In similar vein, American dominance is sealed by making new converts globally who get addicted to products of the US. That cannot happen if China and India stay poor; the prosperity of China and India helps no one more than the US, since their savings are ploughed back into the US, and the rising middle class in India and China are the captive audiences of America's corporate global reach. The new middle class is more American than Americans themselves; they love Al-Pacino and Hollywood; they take popcorns and use Microsoft. Imagine this: instead of 260 million domestic consumers, American corporations are looking at 1,000,000,000 by the end of this decade. The average revenue per consumer is a mind-boggling 500 US $ per month; add this consumption on movies, communications and medicines, and you could easily see where is Dow and NASDAQ heading in the next decade. ..continued...