United States – Protecting Workers and Women’s Right

October 29, 2011

By Padmini Arhant

Citizens across the nation are requested to extend support on two issues:

1. Wisconsin State – Recall Governor Scott Walker

Citizens Grievance Since assuming office Governor Scott Walker has targeted workers, introduced undemocratic Voter ID and dedicated to corporate donors agenda.

Public dissent in the state was witnessed throughout the year and the decisive response is to recall Governor Scott Walker for the remaining years expected to exacerbate the electorate plight.

Wisconsin voters are urged to rally behind the progressive movement engaged in Governor Scott Walker recall.

Please reach out to ‘Progressives United’ in the State of Wisconsin and defend republic rule with democratic values intact.

2. Congressional House Republican Members’ Misplaced Priority

Honorable Republican members pledged ‘Jobs for All’ on the campaign trail in 2010.

While jobs bill impending action, legislation restricting women’s health care passed this month clarifies the regrettable congressional discretion on citizens’ requirements.

There is an urgent need for female members and families to defend women’s right to decision on their health.

Please call your representatives in the U.S. House and Senate to reverse course by protecting Medicare, Medicaid and funding for women’s health.

Your solidarity will guarantee victory against powerful industry backed political leaderships and the erroneous legislation hurting the vast and vulnerable majority.

Life threatening laws undermining equal opportunity deserves mass attention and necessary intervention to establish effective governance.

Good Luck! to Wisconsin electorates in the Governor Recall and the rest of the nation on restoring women’s health.

Peace to all!

Thank you.

Padmini Arhant

http://youtu.be/qCsG4g0dzJo http://youtu.be/gZOJZW3bQdA http://youtu.be/XIQx3ajqGq4 http://youtu.be/TzfH5XCWCM8

National and International Crises Resolutions

October 27, 2011

By Padmini Arhant

Participation in international summit, forum and problem solving would be meaningful upon ideas and solutions presented after rigorous thoughtfulness reflecting clarity and objectivity viewed in totality serving the greater good, rather than through the prism of slight and spite depreciating the purpose to prolong the status quo.

The hypocritical stance on abstinence vilified while the serious resolutions on numerous issues differed or discarded despite urgent action required to end immediate and decades old crises defines the contemporary political rudiments to uphold counterproductive policies in an effort to declare the position of authority.

Instead of accepting responsibility in the reluctance to move forward on statehood, legislation, corruption and myriad challenges confronting the global society predominantly due to lack of political will combined with polarizing measures entrenched in self-interest,

The scapegoat tactics to evade accountability is detrimental for political survival considering the polarity in maintaining power status but declining the consequences of inaction or inadequate remedies to manufactured crises.

Selective response to human plight exacerbates suffering raising credibility factor on global decision-making process.

Prioritization of one against another pronounces the differential treatment contradictory to economic aspirations in sustaining globalization.

Political, economic and social inequality anywhere is deterrent to long lasting progress elsewhere.

Global society preparedness to overcome calamity in any front is largely dependent on collective involvement with empathy exemplified in result-oriented commitments benefitting all.

Steady economy, safe environment and global peace are fundamental for co-existence in harmony.

United States – Tax reform, electoral reform, jobs bill, and Defense expenditure cuts are few of the many impending tasks requiring attention.

International Apart from European debt crisis – other significant matter are:

Palestinian statehood,

Extending unanimous support for oppressed and invaded nations’ independence,

United Nations Security Council temporary and permanent membership expansion,

Global WarmingKyoto Treaty ratification and implementing COP16 agreement,

IndiaAnti-corruption law – Passing Jan Lokpal bill

Independent inquiry and prosecution in the corruption scandals not excluding black money hoarding and national wealth embezzlements holding –

None above the law.

Concluding communal conflict  – Telangana in India and,

Confrontation with Maoists through peaceful dialogue and viable settlements,

Ending unpopular policy viz. AFSPA (Armed Forces with Special Power Act) obstructing peace in Jammu and Kashmir valley.

Government honoring public plea to shut down nuclear power plant protecting republic interest over foreign power and nuclear industry profit.

Perhaps addressing the outlined economic, political, social and environmental woes could alleviate the burden on the population at large,

Besides utilizing time and resources constructively in the austerity era to expedite the inevitable change premised on universal freedom and prosperity.

Hopefully political and economic leaderships would deliver the anticipated redress to all citizens in dire state.

It could begin with transcending partisanship in addition to profitability aimed at fair income distribution across the society.

Meanwhile, civil society movements like Occupy Wall Street, Anti-Corruption campaigns, Human right activists and environmentalists crusade to restore life and sovereignty deserves multilateral galvanization.

Good Luck and Best Wishes!  To People Power in the targeted goals.

Peace to all!

Thank you.

Padmini Arhant

 

 

http://youtu.be/2NHjPrxiuns http://youtu.be/B5DuspZZ92k http://youtu.be/09dAc6eiHnM http://youtu.be/iiAWux6XcRw http://youtu.be/NsPk0AeWGSg http://youtu.be/R_N5NY1qV9U

Diwali Greetings to All Hindus!

October 26, 2011

By Padmini Arhant

Happy Diwali! To all Hindus and others celebrating the festival of lights in India and elsewhere.

Diwali is a joyous occasion with an opportunity for new beginning in life.

The colorful lights illuminates the mind in understanding thoughts and deeds cleansing concept preparing for peaceful existence and soul departure from the physical body.

Diwali traditionally marking the triumph of goodness over negativities reaffirms that integrity, truthfulness and humility fortifies the individual character besides providing guidance for self-modification upon recognition of deviated course in life.

Hindu festival is celebrated with distribution of delicious Indian sweets, nuts and fruits among family, friends and neighbors in addition to the firecrackers decorating the sky uplifting human spirit within and all around.

Festivals are important not only to cherish the rich cultural heritage but also promote peace and harmony in the contemporary fragile human relations highlighting the essence of exchanging pleasantries to express sincere thoughtfulness towards all.

Furthermore, generational values are passed on for uniqueness allowing dimensional expansion in the future legacy.

Human qualities epitomizing virtues inspire righteousness in the arduous life journey ultimately leading to enlightenment.

May the brilliance of Diwali lights bring peace and happiness in abundance to all.

Best Wishes for Diwali and prosperous new year!

Diwali Shubh Kamnayen! Deepavali Nal Valthukal!

Peace to all!

Thank you.

Padmini Arhant

http://youtu.be/q0hcwMjXqmI http://youtu.be/jhVSub1TUX4

Turkey – Earthquake Magnitude 7.2 on Richter Scale

October 25, 2011

By Padmini Arhant

Heartfelt Condolences! To the victims’ families and survivors of the devastating earthquake in Turkey.

The massive quake measuring 7.2 in magnitude has claimed many precious lives and several displaced in Ercis – the town in Van province near the epicenter.

Rescue operation to save lives is often challenged with aftershocks following big earthquakes causing delay in attending to the injured buried under rubbles sometime for days relying on individual strength and will power to stay alive.

Emergency team and humanitarian relief workers relentlessly engage in providing necessary aid alleviating pain and suffering during the crisis.

International organizations would appreciate global society donations for natural disaster assistance.

Please come forward and extend your generous support to the people of Turkey.

Proceeds could also be used for health, housing and other essential requirements in the aftermath of major catastrophe.

Prayers offered for the citizens of Turkey in the excruciating moment in life especially with the loss of loved ones and many longing to be united after being separated from their family.

Also wishing speedy recovery to the population enduring serious health hazards sustained in the attempt to avert tragedy.

Peace to all

Thank you.

Padmini Arhant

 

 

http://youtu.be/GuIIgpUH-6Y http://youtu.be/YA90yN35KIA

India – Andhra Pradesh Telangana Statehood

October 25, 2011

By Padmini Arhant

Andhra Pradesh the southern state in India is confronted with decades old internal partition discord emanating from the majority marginalized in the economic development and political representation at the state and national level.

Telanganaone of the three major regions in Andhra Pradesh with Coastal Andhra and Rayalaseema constituting the remaining territories struggle for statehood largely due to exploitation from disproportionate resource distribution despite being the primary contributor to State GDP and urban modernization.

While the minority occupied rural and metropolitan areas are adequately funded and maintained in every aspect i.e. good schools and university, housing, clean water supply, electricity and other basic to advance requirements for comfortable living,

Telangana plight is evident in the neglected districts prompting secession demand from within the state.

The stark contrast in milestones reached thus far since independence cannot be ignored reflecting political bias and inequality at the state assembly, province and local council.

Telangana population have immensely suffered with disenfranchised youth and economically deprived farmers committing suicide as a result of state and central government abandonment.

Andhra Pradesh has long been governed by the minority led Congress Party arguably least interested in Telangana strife.

Meanwhile, the Congress Party at the center preoccupied in evading judicial probe and maneuvering investigations on corruption scandals have procrastinated for political reasons exacerbating the communal conflict in the state.

The declining status quo is attributed to central government indecisiveness in addressing Telangana citizens’ grievances conveyed through relentless public protests in the state and national capital without any affirmative response.

Telangana activists separate statehood justification based on the ordeal until now deserves empathy on humanitarian standpoint.

However, splitting the state with inherent complexities could lead to serious ramifications considering Telangana economic advantage from natural endowments deprives the residual state with less survival means for peaceful coexistence.

The disparity could create tension across the border with respective governments focused on settling disputes undermining effective governance.

Contentious issues causing potential problems in the short and long term are:

State tributaries viz. Krishna and Godavari rivers originating from Telangana and,

Capital Hyderabad renowned for cultural heritage depicting then Mughal empire and High Tech City now are poignant in the demarcation possibly creating prolonged disagreement.

As the advanced metropolis in the country – Hyderabad revenue and job prospects could be the focal point in the division with the dilemma of shared capital or,

Alternatively relinquish the city to Telangana.

Additionally several issues related to separation are likely to promote violence that could otherwise be avoided to protect life and state security.

Telangana leaderships seeking statehood for communal progress citing Chattisgarh and Jharkhand in eastern India need to reevaluate the pros and cons on the concept of  –

Divided one fails but united one wins against the challenges confronting all.

Consolidated efforts and diverse talent strengthens core values yet retaining identity for character uniqueness in pursuit of common goals.

Telangana people have endured the state and central authorities’ willful negligence in improving living conditions and equal opportunity for the significant members in the society.

The solution lies in altering the status quo with appropriate adjustments for desirable outcome i.e. Telangana community uplifted in multiple facets starting from political rights facilitating economic and social privileges similar to other groups across the spectrum.

Isometric standards would diminish the prevalent anomalies preparing the disadvantaged demography to succeed in personal endeavor.

Henceforth, the Congress Party headed state government replaced with Telangana Rashtra Samithi Party leadership as the Chief Minister and TRS held cabinet posts to enable Telangana progress,

Inclusively sustaining current achievements in coastal Andhra as well as Rayalaseema would guarantee Telangana rule not only in Telangana areas but also in the rest of Andhra Pradesh.

In this instance – Right to Recall strategy upon the present and past governments miserable failure to act diligently in ensuring economic growth and prosperity throughout the state could have served in the electorates’ interest.

Modern democracies like the United States exercise ‘Right to Recall’ as a wake up call for the political parties and elected officials to deliver campaign promises or face power withdrawal by the voters in the absence of honoring commitment to the people.

The measure is desperately required in Indian democratic system given the political parties’ track record in post independent India.

Shri Anna Hazare’s proposal in this regard is relevant and public support could easily stave off vehement opposition from all political parties determined to limit voter prerogatives during the official term.

Indian election commission reservation in incorporating the pragmatic electoral recourse confirms the political influence on the so-called constitutional body to expand options for the electorate in a democratic society.

Reverting to Telangana TRS leaders K. Chandrashekhar Rao (KCR) and K T Rama Rao together with Telangana Joint Action Committee (JAC) members are urged to rally for unified Andhra Pradesh.

Further, the leaders pledge to renounce actions causing public inconvenience and huge economic losses to the state exchequer could earn solidarity.

The continuous disruption in transportation and essential services pervasively affect all residents as taxpayers withholding autonomy approval.

Political rhetoric to inflict damages on the state owned assets and livelihood is detrimental to the political party not to mention the general frustration towards public access denial.

Non-violence and peaceful dissent respectful of state property and provisions over blockade would be formidable in attracting attention and empathy from all corners in any political or social movement.

The immediate remedy for Telangana crisis is to dissolve the incumbent administration responsible for polarization within society and allow TRS to be democratically elected to govern the southern state of Andhra Pradesh.

TRS should be able to overwhelmingly win the election on two important dimensions.

Telangana with largest constituencies and districts backing statehood could elect TRS to govern the state in entirety.

TRS platform with a strong vision in the election manifesto for Andhra Pradesh excluding none would galvanize voter confidence among the distanced electorate in coastal-Seema domain.

Such transformation would be a paradigm shift in Andhra politics setting a fine example for others to follow suit.

Hopefully rationality combined with integrity to address the different segment needs for greater good would prevail in resolving Telangana matter.

Good Luck and Best Wishes!  to the people and political leaderships in Andhra Pradesh for everlasting peace and unity among all.

Peace to all!

Thank you.

Padmini Arhant

 

 

 

 

 

 

 

 

 

 

 

India – Court Decisions on Political Scams

October 24, 2011

By Padmini Arhant

Cash for Votes Congress Party representative Amar Singh accused in the subversion of Parliamentary System with bribes in the ‘No Confidence’ vote granted bail on ‘humanitarian ground.’

2G SpectrumCharges diluted with no opposition on bail from Central Bureau of Investigation under Congress Party against coalition partner DMK members implicated on 2G Telecommunication scandal noted as mother of scams.

Public and private threats to expose the true beneficiaries in both scams upon bail denial preceded the outcome and the ongoing development leading to leniency or bail approval for Congress party members and their affiliates.

Sad day for democracy when justice maneuvered with political clout and economic power.

The real justice is delivered through electoral mandate on the political party’s performance and integrity or the lack thereof in active democracy.

Peace to all!

Thank you.

Padmini Arhant

http://youtu.be/A6t6hOVpFFo http://youtu.be/fy97bEzScSE http://youtu.be/LhU7MZgf2RA http://youtu.be/wHHDJFkxXNM http://youtu.be/oQJ_22kKmCY http://youtu.be/9WQs-4gTS2A

Libya – People Power Prevails in the Fall of Dictator Muammar Gaddafi

October 20, 2011

By Padmini Arhant

Congratulations! To Libyan Revolution and the martyrs family on the demise and decimation of the brutal regime that wreaked havoc within and outside Libya under the global imperialists’ direct influence.

Fascism on the decline is the resounding message for the oppressors controlling the destiny of nearly 7 billion populations on earth.

Libyan revolution resolve and sacrifices ultimately led to liberation after decades of tyranny in the oil rich Libya.

Puppet dictators across the globe successfully suppressed political and economic freedom facilitating terror and violence dominance in the regions with rich natural resources and elsewhere for territorial conquest to reaffirm establishment.

World civilization brought to the brink of collapse by the nexus conglomerate with no regard for life or habitat underestimating the people power and revolutionary forces resilience, wisdom and vision in reclaiming sovereignty from the crumbling hegemony.

The fall of dictator Muammar Gaddafi shielded and protected all along by the leaderships in the international domain fear similar inevitable outcome although,

Conspicuously masqueraded by deceptive innuendoes to mislead and misrepresent the mass through controlled air power – communication media especially the television outlet.

Repeating failed tactics in anticipation for desirable outcome is the reflection of intelligence deficiency not to mention the desperate times seeking desperate measures upon facing the precipice.

Libyan revolution victory is an inspiration for people uprising not only in Syria, Iran, Egypt, Yemen, Bahrain, Saudi Arabia, Jordan, Oman, Qatar…in the Middle East but also in Tibet, Burma, North Korea, Cuba, China and Italy…the à la carte authoritarianism transparent in denying individual rights.

Notwithstanding Palestinian statehood no longer remaining a far-fetched dream in the independence movement.

More dangerously the political system disguised as democracy depriving republic rule arguably is the contemporary challenge requiring unified resistance and consolidated efforts to achieve the common goal – political, economic and social fairness and equality.

Muammar Gaddafi’s death is ominous for delusional presumptuous powers with an opportunity to exit in dignity avoiding humiliating departure and poignantly,

Marking the beginning of the end of violent era.

People empowerment through peace and non-violence is indomitable against aggression with the powerful abusing the position of authority for exclusive interest.

Peace activists and environmentalists worldwide are relentlessly engaged in restoring human rights, liberty and safe environment for all inhabitants despite formidable opposition from various sources.

Libya is about to begin a new chapter in history having triumphed trials and tribulations in national emancipation.

The mission ahead for Libya is to cherish the hard fought freedom by honoring and protecting citizens’ rights in every part of the country combined with solidarity in preventing puppet regimes governance.

It is imperative to deter any factions’ infiltration aimed at sabotaging peaceful existence.

Good Luck! To Libyan republic and National Transitional Council of Libya headed by President Mustafa Abdul Jalil, Vice President Abdul Hafiz Ghoga and Interim Prime Minister Mahmoud Jibril in nation building premised on progressive ideas and philosophy without disinheriting the rich cultural heritage of the land.

Best Wishes to the people of Libya in the commitment for long lasting peace, progress and prosperity leading other nations in North Africa.

Peace to all!

Thank you.

Padmini Arhant

http://youtu.be/gIVZlSk1qbI http://youtu.be/gIVZlSk1qbI http://youtu.be/linB3dA6lOU http://youtu.be/efpkLal92Gs http://youtu.be/yvH22_bTa0w http://youtu.be/MwSTru7pA70 http://youtu.be/z7tsNeBA9lY http://youtu.be/gIVZlSk1qbI http://youtu.be/linB3dA6lOU http://youtu.be/efpkLal92Gs http://youtu.be/yvH22_bTa0w http://youtu.be/MwSTru7pA70 http://youtu.be/z7tsNeBA9lY

Global Revolution – Occupy Wall Street

October 18, 2011

By Padmini Arhant

Citizens organized revolution is sweeping across the globe to deliver a strong message demanding action from political and corporate leaderships responsible for the economic recession worsening by the day.

Occupy Wall Street protests have been peaceful and non-violent thus far with the exception of the isolated incident in Rome, Italy,

Presumably anti-Occupy Wall Street infiltration considering the denigration via television on the worldwide movement as aimless demonstration.

Occupy Wall Street is not against capitalism as purported by Wall Street and government surrogates.

Market economy based on supply and demand with opportunity for every aspiring entrepreneur to succeed in the respective domain allowing competition among various businesses for price and quality control is the viable economic synthesis in any political system – republic governed democracy in particular benefitting both consumers and proprietorships at all times.

Unlike the current economic structure facilitating industry monopoly through acquisitions and mergers as witnessed in the Telecommunication, Technology, Pharmaceutical and Financial sectors…endangering consumer choices and free market enterprise.

Highlighting on the contentious issues –

The status quo is attributed to redefined capitalism i.e.

Corporate governance eliminating republic rule with legislations passed in sole interest of the corporations ensuring bailouts upon default in addition to diverting profits for executive bonuses regardless of performance.

Capitalizing on the manufactured economic woes with exploitation being the modus operandi enabling 1% powerful minority prosperity at the remaining 99% majority peril.

Under globalization market expansion into developing nations has empowered corporations to influence political dynamics generating instability, civil wars and economic inequality along with social unrest and environmental disaster.

Military industrial complex maintained defense industry philosophy is profitability at the death and destruction of innocent lives with wars conducted around the world in perpetuity for political and economic dominance.

Individual freedom and sovereignty threatened with military might and economic deprivation promoting fascism.

Authoritarianism disguised as democracy – Hard line approach under the pretext of law and order is increasingly becoming the norm especially during peaceful assembly of citizens against –

Corruption and cronyism,

Tax evasions with black money hoarded in Swiss bank accounts and other tax havens transferring the astronomical national debt to the 99% population widening the gulf between the rich and poor.

Grand impunity to political and corporate leaderships’ criminal conduct.

Notwithstanding election fraud and constitution subversion,

Illegal occupation and foreign invasion denying fairness, peace and diplomacy in conflict resolutions.

Last but not the least defying nature and planet sustenance with detrimental energy policies such as drilling, mining and nuclear radiation.

Further, air power media bias and clamor used as ammunition to quell dissent with distortion, propaganda and caricatures to malign truth incarcerating whistle blowers in the so-called democratic societies run by oligarchy.

Global revolution focus is to reinstate republic rule with democratic values exemplified in  political freedom, independence, economic progress and social equality for all.

Occupy Wall Street is global phenomenon for universal cause and determined to prevail under peaceful and non-violent popular uprising for political, economic and social reform to protect life on earth.

Republics around the world are requested to build momentum in the ‘Occupy Wall Street’ solidarity to establish world peace and justice.

Please “Reclaim your rights as citizens of the free world’ and,

‘Save the Planet’the only habitat for life.

Peace to all

Thank you.

Padmini Arhant

http://youtu.be/4f0XC3SCEOQ http://youtu.be/7RXOv0hAYFE http://youtu.be/3Z0jPX4kYpg http://youtu.be/g1BJhY-Ezrk http://youtu.be/2riAJuD0GHk http://youtu.be/2W_3zVB_GAQ http://youtu.be/4y3X2VFruLM http://youtu.be/V-eNIW0ntz4 http://youtu.be/Skj9nRRvrYE http://youtu.be/EjhzVjbK4WM http://youtu.be/TAIwntGcGQQ http://youtu.be/eXJqj4iXg8o http://youtu.be/FOyZS1tRnzg http://youtu.be/SRKR5LFa9n4 http://youtu.be/k4PuE3JNgn0 http://youtu.be/PvPe2lBVmaA http://youtu.be/IKFncayQqak http://youtu.be/JpS_eJkkAxc http://youtu.be/wLdN7h3ABTs http://youtu.be/GO5b_FwR5HU http://youtu.be/4kc0gkqnK6U

United States – Wall Street and Washington Job Action

October 15, 2011

By Padmini Arhant

American families across the nation are hurting from the tough economic times with layoffs, housing market decline, credit crunch and expensive health care costs taking toll on middle class, lower income groups and small businesses all over.

Main Street justified frustration over high unemployment; unlawful foreclosures and unaffordable health care expenses are demonstrated in ‘Occupy Wall Street’ protests spreading within and outside the country.

Protestors could peacefully assemble near Capitol Hill and the White House for reminder on the unresolved economic problems and social inequality in the United States and abroad.

As for Washington measures on jobs – the lawmakers failed to pass the jobs bill this week and,

Instead approved free trade agreements with South Korea, Colombia and Peru. respectively for manufacturing jobs at home although,

The legislative success is dependent on the trading partners’ reciprocation i.e. the consumer demand and affordability for American goods.

Meanwhile, U.S. Congress has agreed on payroll tax holiday and unemployment insurance extension that are positive steps with immediate relief for the jobless and those facing retrenchment in the uncertain economic environment.

If both parties in the House and Senate could set aside the political differences for common goals,

Perhaps it would facilitate job growth in private and public sectors essential for economic revival.

Addressing the serious housing crisis with lenders unlawful practices is pertinent for the following reasons:

Improper foreclosures is depriving American homeowners ownership allowing foreign investor frenzy to capitalize on the American plight that needs to be fixed considering,

The mortgage securities as derivatives component are tied to overseas assets.

Furthermore, there are inherent risks involved in such investments due to short-term selling and swap agreements generating volatility in the global market.

Notwithstanding the equity transfer from domestic to offshore holdings embedded in the sovereign wealth funds cause political concerns besides economic turbulence in the globalized economy.

Remedies to these ramifications lies with Congress in easing the burden on home owners through effective strategies such as –

Resurrecting foreclosure moratorium enabling homeowners to renegotiate mortgages with property reevaluation to current market value and,

Payment modification per existing rates would protect American interests in the desperate housing situation.

The home loans revision for families regardless of hierarchy on the verge of losing homes could reverse the trend and boost jobs in the construction industry and service sector.

Any relief thus far is limited to conventional practices with the bulk of the homeowners left at the mercy of lenders’ discretion often premised on short-term gains suppressing the housing market rebound.

While the taxpayer bailouts based on ‘too big to fail’ salvaged the default banking industry despite the illegal sub-prime mortgage activities,

The delinquent homeowners are forced to deal with contrary response ranging from aggressive evictions to unreasonable payment options.

The banks were rescued unconditionally and the financial institutions in return have not only restrained money supply prolonging the credit crunch but also denied majority homeowners refinancing opportunity and small business entrepreneurs capital infusion.

Wall Street with substantial cash reserves could create and retain employment rather than preparing to slash 10,000 finance jobs in the coming months that would exacerbate the dire economy.

Corporations’ role confined to economic development with disengagement from political governance through lobbyists would promote government functionality and efficacy in legislative matter.

Companies incentivized with Bush tax cuts extension have failed to deliver the anticipated job growth and expansion only to be substituted by job reduction and/or exports contributing to national debt and trade deficit.

Repealing Bush tax cuts and redirecting financial resources to organizations committed to domestic jobs would enhance free market performance.

Micro-credits is yet another avenue to empower business proprietorship and alleviate economic pain from unemployment status.

Communities with alarming jobless rate could potentially utilize micro-credit facility for self-employment and niche market.

United States is endowed with skilled work force, ingenuity and innovative talent leading in sophisticated technology and other global achievements that revolutionized urban lifestyle.

U.S. workers productivity resulted in economic boom worldwide supporting developing economies to advance at a phenomenal pace.

There is an urgent requirement to turn U.S. economy around with Corporations assuming primary responsibility in providing jobs, liquidity and restoring homes for American families.

U.S. economic recovery is paramount for Wall Street and Washington.

Corporations cannot exist without workers and politics would desist in the absence of electorate.

Citizens’ grievances are real and legitimate – the economic issues cannot be resolved without political will and corporate investments in domestic economy.

Government and Corporations expediting job oriented economic surge is the universal expectation with millions of lives in jeopardy.

Corporate and Political leaderships are urged to prioritize American jobs, housing, health and business prospects over personal aspirations and partisanship.

Global recession could be contained upon U.S. economic progress.

Action and not procrastination would guarantee the desirable outcome.

Hopefully rationality would prevail in arriving at consensus on economic solutions.

Peace to all!

Thank you.

Padmini Arhant

 

 

 

 

 

 

 

 

 

 

 

 

 

G20 and Global Economy – Fiscal Policy

October 9, 2011

By Padmini Arhant

Amid weak global economy largely contributed to United States and European sluggish growth compounded with other economic woes like high unemployment, inflation and,

National budget confined to austerity and controversial tax hikes or tax-cuts is a phenomenal challenge confronting the industrialized and developing nations.

Beginning with industrialized economies – the economic stimulus since recession onset was aimed at growth surge and job creation, facilitating liquidity to overcome credit crunch following financial markets reaction to derivatives discrepancies in the deregulated environment.

The steps involved Capital supply to salvage targeted high-end manufacturing industry from bankruptcy and banks bailouts in eliminating toxic assets from the balance sheets respectively.

Among the industrialized groups – the two major economies viz. the United States and Japan share mutual setbacks from overheating of the economy in two familiar areas – the stocks and housing market.

Both nations have struggled to jumpstart the economy with steady growth exacerbated by global recession and sovereign debt.

Speculations on European national debt and potential credit default overall impact on euro as the European Union currency and Euro Zone status in the globalized economy foment market volatility.

Economic forecasts and projections weighed in objectivity could avoid unnecessary market turbulence.

Japan is also burdened with U.S debt as the second largest creditor behind China – the primary creditor and the second largest economy.

In order to address various economic problems and avert possible Double-dip recession,

It is necessary to review public policies and economic tools that are available for short term and long-term objectives.

Fiscal Policy (Balancing the Budget), Monetary Policy (Controlling inflation and liquidity), Trade Policy (Growth and Investment),

Additionally Revenue and Spending for efficient government functionality and deficit reduction could broaden perspectives on this critical matter.

Fiscal Policy – Comprising government expenditure and taxation, non-tax revenue from government owned investments and utilizing government assets such as bonds and other suitable financial instruments for borrowing to meet government obligations.

United States and Europe focus is on budget approval with the dilemma on spending cuts along with taxation being contentious leading to opposition’s government shut down ultimatums causing political gridlock in the U.S,

Notwithstanding justified public frustration over fund slashing for education, health care, pension plans and most importantly lack of jobs triggering riots in London, Paris, Athens, Madrid and Lisbon…calling for government actions to deteriorating economic conditions.

United States citizens protest against Wall Street conduct premised on greed driven strategies responsible for the status quo is slighted with –

White House clarification on the issue as –

“Wall Street ill-practices are not necessarily illegal.”

The sub-prime mortgage activities having deprived more than million homeowners ownership and economies facing insolvency in the hedge fund debacle,

Financial institutions’ exorbitant fee on banking transactions and consensus to stranglehold consumers despite banking industry dependency upon them is a kamikaze effort given the flawed tradition proved detrimental to global economy.

Corporations and finance industry consumer-friendly approach would not only guarantee significant consumer base but also enhance good will – a valuable asset in the competitive setting.

Fiscal policy effectiveness is largely related to both spending and revenue trends with immediate requirement on tax reform.

They are summarized as follows:

Closing loopholes used in tax evasion,

Tracking funds in offshore tax havens for individuals and corporations.

Mandatory disclosure of financial assets for high profile and rank and file public figures on taxpayers funded income viz. legislators, Parliamentarians, Cabinet secretaries, Political party leaderships regardless of hierarchy, kickbacks donors and recipients in the private and public domain.

Easing tax burden on the middle class,

Tax exemption for the lower income groups and,

Tax structure readjustment – the bipartisan Super committee appointed for fiscal management in the United States could enforce repealing the Bush tax cuts to the wealthiest passed in 2010 and implementing the popular Buffet Rule in 2011 through legislation.

In a broader sense, consumption tax could be marginally raised with the exception of essential food items and reallocated to health hazard products as well as luxury goods.

Taxes being predominant revenue source for government operation and capital formation yielding future benefits through infrastructure investments, research and development with patent law protecting consumer and investor interests, the ultimate target is job growth.

Passing the jobs billbeginning with small business, medium and large corporations, manufacturing and service industry incentivized with capital interjection in the form of commercial loans at affordable rates and/or various taxes like payroll taxes reduction, deferments where applicable is a top priority transcending political partisanships and myopic view on the economic problems in the near and foreseeable term.

Exploring non-tax revenue in government owned corporations or quasi undertakings (public and private sector ventures) and,

Central Banks monitored sovereign wealth funds (SWF) primarily invested in global equity markets maximizing long term return alongside Foreign exchange reserves typically held in international floats e.g. U.S. dollar, euro, yen and sterling pound facilitate short term liquidity flow for capital infusion.

Spending is the balancing act that requires eliminating wasteful expenditures, trimming or downsizing overheads costs, maintaining and restoring entitlements programs especially –

Social SecurityReiterating the fact as the only safety net for American families enduring tough economic situation and non-interference in this regard would continue to deliver the desirable result.

Privatization would seriously jeopardize the financial security sustained in the current profitable investment for continuous payments necessary to stimulate the economy via consumer spending and growth expansion.

Medicare Senior citizens and low-income demography – the two key consumer categories would be forced to spend meager savings and income on expensive health care costs other than prescription drugs that could otherwise be diversified in retail consumption.

Norwegian model in this respect has successfully integrated essential social services like retirement, medical and disability benefits to all with capital investment in public trust.

As part of income redistribution the island nation with GDP per capita $53,269 ranked 3rd highest in the world consisting high living standards compared to European counterparts has managed against poverty, hunger and disease – the three survival factors posing impediments in progress for developed and developing nations.

Norway affected by European debt crisis is experiencing decline in high-end manufacturing similar to Germany with 40% GDP attributed to exports relying on global demand.

Defense Spending United States Global Empire established far and wide with 737 U.S. Military bases and more than 2,500,000 personnel deployed overseas in different locations is astounding and,

Unfortunately escapes the fiscal conservatives attention preoccupied in terminating social security, Medicare, Children nutrition… and other vital provisions in the entitlements for vulnerable population at home.

Not to mention the no-exit strategy wars in Afghanistan, Iraq and Pakistan with extended proxy wars in Yemen and Somalia taking human and economic toll to serve the defense industry profitability.

It is high time to review and reevaluate the defense budget saving trillions of dollars by ending foreign occupations and military warfare.

Instead upgrading national security mechanisms and facilities with sophisticated forces would be a formidable deterrent to potential threats.

Simultaneously defense divestments in economic and social development achieved with political stability in war torn nations would be more effective in containing terrorism considering the military aggression thus far has failed to produce any positive outcome.

Furthermore, the prolonged military intervention has contributed to terror networks proliferation and instigated violence against fellow citizens causing regional tension and instability witnessed in Pakistan, Afghanistan, Iraq and Somalia.

Hence retracting military aspirations to accommodate all-encompassing domestic goals is desperately needed to expedite national and global economic recovery.

Discretionary Spending Congressional discernment in appropriations act preserving job oriented and community enrichment projects would supplement remedies for economic revival.

Equilibrium in fiscal policy with spending streamlined and revenue boosted through fair taxation and,

Other avenues like penalties in environmental damage,

Hikes in licensing fee where appropriateanything endangering life and economic opportunity without aiming at average citizens or natural endowments for direct public use could complement measures in economic meltdown reversal.

Macroeconomic, Monetary and Trade policy together with European Sovereign Debt Crisis centralized on (PIGS) Portugal, Italy, Ireland, Iceland, Greece and Spain economies will be presented individually for clarity.

Meanwhile, getting the fiscal house in order to promote jobs with government and business cooperation would prevent economic crises escalation.

Peace to all!

Thank you.

Padfmini Arhant

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