Wednesday, March 9, 2011

Malaysia Dicing With Rare Earths

Hantu Laut

If it is safe why not build it in Australia which is a much larger land mass with only 23 million people, far bigger than Peninsula Malaysia.The plant could be sited in the remotest part of Australia away from populated areas.

Obviously, the Aussies are not telling the truth on the safety aspects of the plant.Otherwise, it would have been sited in their own country.Rare earths contain thorium, a slightly radioactive metal.

Are we so hungry for FDI that we are prepared to put the people's health at risk.

Read this most revealing article from New York Times on Malaysia dicing with the dirty work of processing rare earth.The long term effect could be catastrophic.

Obviously, Sabahans are far more environmentally conscious than West Malaysians.Money, rather than health seems to be the priority over there.

Rare earth is far more dangerous than the coal power plant which have been called off in Sabah.

Thanks to Prime Minister Najib's people first policy.

Leave Libya Alone !

Hantu Laut

There have been talks of Western military intervention in Libya, particularly the U.S, itching to put an end to Gaddafi's rule and to secure the oil fields to avoid another world's economic calamity.

Oils reserves in Libya are largest in Africa and ninth largest in the world and have one of the lowest extraction cost, reason why Gaddafi is flush with money.

The revolution and U.S sanctions have fused together international banks refusing to clear U.S dollars for the Libyan oil trade.For the moment no one is getting money for oil which has brought almost all transactions to a halt.Production has plummeted from 1.3 million barrels to under 600,000 barrels per day.

Countries in Europe would be the first to face the dire consequence as most Libyan oil goes to Europe.



No Arab countries have yet made a call for Western military intervention for what is seen as an Arab revolution and Arab problem festering in the region.Other than some American politicians urging U.S military intervention it was all quiet on the Western front.No leaders outside America's borders have called for military intervention.The Europeans are stung by the Iraq military misadventure.

American military intervention in Libya would indeed be catastrophic.

To the Arabs, fear of Western military intervention, whether they are rebels in Libya or street protesters in other Arab nations ......the answer is clearly Iraq.

Iraq is a lesson that has gone completely wrong.America's democracy in despair.

When the Western powers entered Iraq to get rid of Sadam Hussein, which they successfully did, they did not expect continued resistance that have put Iraq in total chaos and taking the lives of more Iraqi civilians than what Saddam had killed during his reign of terror.

Much of Iraq are still unsafe with pockets of resistance unleashing deadly bombing from time to time killing innocent civilians rather than the intended victims.......the U.S military, safely sheltered in the Green Zone.

What have the American achieved in Iraq?

A very unstable government and fragile democracy.

All hell will break loose the moment the U.S military leaves Iraq.Arm resistance and guerrilla warfare would continue to beset the country as long as the American continue to stay in Iraq and civil war is much in the offing the moment they leave.Damned if you do damned if you don't. Iraq, may need another Saddam Hussein to stabilise the country.

There is no clear picture who is the unchallenged leader of the rebellion in Libya, if anything to go by, the rebels are very splintered and disorganised, giving Gaddafi the edge over them at the moment.




U.S.military intervention would make Libya into another Iraq and Afghanistan
.

It's time the U.S. take stocks of its damaging foreign policy and stay out of conflicts that do not concern them.

Monday, March 7, 2011

You're fired. No, I'm not

WORTHY READING

Asia

Asia view -The Economist

You're fired. No, I'm not


MUHAMMAD YUNUS, who won the Nobel peace prize in 2007 for founding Grameen Bank, insists that he is still its managing director. The public image of Grameen, a pioneering microcredit agency with 8m borrowers, is practically inseparable from Mr Yunus, the man. But on March 2nd Bangladesh’s central bank announced that it had sacked him.

On March 3rd he was back in court, fighting to have himself reinstated. The most recent attempt to force Mr Yunus from the bank he founded more than 30 years ago is the culmination of three-month campaign of sustained media and legal harassment by the Awami League (AL) government. The siege began soon after a documentary was broadcast on Norwegian television broadcast last November. (Norwegians, naturally, take a special interest in the peace prizes’s honorees.) The programme claimed that 15 years ago millions of dollars had “disappeared” from Grameen Bank.

Never mind that the Norwegian government’s official inquiry found the documentary’s allegations to be baseless. This provided Sheikh Hasina, Bangladesh’s prime minister, with the perfect pretext for making good on a carefully nurtured vendetta.

Fourteen years ago, in Sheikh Hasina’s first term of office the situation could not have been more different. In February 1997, as co-chair of the Microcredit Summit Council of Heads of State and Government, she declared that “We in Bangladesh are proud of the outstanding work done by Professor Muhammad Yunus and the Grameen Bank he founded.”

He has demonstrated to the world that the poor have the capacity to productively use even a small credit and change their fate [sic]. The success of the Grameen Bank has created optimism about the viability of banks engaged in extending microcredit to the poor.

So one might have expected her to be pleased when, nine years later, Muhammed Yunus won the Nobel peace prize for those very achievements. But as it happens Sheikh Hasina had long before come to think that she herself was due the prize: not for microcredit-anything but for signing the Chittagong Hill Tracts treaty, also in 1997, which brought an end to almost two decades of fighting. Egged on by sycophants, she sent senior civil servants around the world to lobby for her nomination, unsuccessfully.

Instead, suddenly, Mr Yunus had become by far the most famous Bangladeshi in the world, usurping even the prime minister’s late father, Sheikh Mujibur Rahman, who led the country to Independence in 1971. According to those who know her personally, this was a bitter pill for Sheikh Hasina to swallow.

Her resentment turned into open hostility when Mr Yunus announced, five months after he received his Nobel, that he was going to set up a political party. This came at the beginning of a two-year period of rule by a caretaker government installed by the army. The generals’ hope had been to free the country’s politics from the axis of sparring civilian women, Sheikh Hasina and Khaleda Zia, round which it had been spinning unhappily. Mr Yunus stepped in with a call for a “complete emasculation of the established political parties” in order “to cleanse the polity of massive corruption”.

Whatever Mr Yunus’s actual intentions, Sheikh Hasina saw his intervention as personal affront against her and the AL. “She thought that he was involved with the army in trying to remove her from politics. That the army’s plan to remove her was also his plan,” said a former senior bureaucrat who knows the prime minister well.Read more.