Padmini Arhant

Padmini Arhant

I wish the European Union peace and success in all endeavors to benefit mankind.

Thank you.

Expansion of Jewish Settlements’ Impact on Mid-East Peace Process

By Padmini Arhant

Israeli authorities’ determination to expand Jewish Settlements in Palestinian West Bank along the borders and on the private Palestinian land as well as the colonization of East Jerusalem is provocative. Besides, it is reflective of the Likud Party hard line policy to disregard the universally applicable International treaty on territorial issues and the will of the Israeli democracy for a viable two state solution necessary to end the half-a-century old conflict.

Despite call from President Obama to cease settlements and the international condemnation of the illegal occupation of Palestinian land, under the guise of ‘Israeli security,’ the Israeli coalition government continues with the settlements in a business as usual gesture thumbing their strongest ally, the United States and antagonizing the tolerant international community.

Israeli Palestinian issue has had numerous international interventions with the United States in the active and passive role depending on the administrations in the White House, other than the Oslo proposal to resolve the contentious burgeoning crisis that has consumed several thousand innocent Palestinian and Israeli lives under varied leaderships from both sides.

The world has been tirelessly urging the leaderships to halt the belligerent ‘settlement expansion’ on the Israeli part and the incendiary barrage against Israel by the divided Palestinian governments, but to no avail. It is obvious to the rest of the world that neither authority is seriously committed towards emancipating their population and restore the respective lands within the confines of the clearly demarcated boundaries free of turmoil.

Prime Minister Benjamin Netanyahu has a unique opportunity to demonstrate to the international community with whom Israel must co-exist as a democratic nation that his administration will prioritize peace over eternal battle with the neighbor Palestine. Now is the time for the Prime Minister to transform the pledge into action with a complete and not a partial freeze of Israeli settlements on the Palestinian land.

When the leadership is subject to test on the political front, the leader’s character revealed based on the decision whether or not to compromise national interest for personal survival in the aggressive political environment.

The interim minority might exalt the leadership acquiescing due to political pressure within. However, the long term world view on the missed occasion is noted in the reference to the authority as a ‘sheer politician’ and not a leader, a rare moment in life to deliver for humanitarian cause that ultimately matters in any sense.

All past wrongdoings inadvertently or otherwise easily reversed with one major accomplishment in the common goal for long lasting peace and security to benefit the Israeli and the Palestinian population.

The people on both sides deserve an atmosphere that is conducive for normal existence, only possible with the mutual recognition of similar rights comprising a settlement free and independent Palestine alongside Israel acknowledged as a sovereign state by all governing parties in Palestine.

Israeli leaderships’ credibility relies on the settlement abandonment in compliance of the International law and respect for the fellow human beings, the neighbor – the long-suffering Palestinian women, children and youth, who have waited over five decades for a place, they could call ‘home.’ It cannot happen sometime in the near future because the future is now and any further delay would be an affirmation of the Israeli occupation that would no longer fly under the security threat banner.

The forces behind such illegal occupation and invasion regardless of domicile share the consequences for an outrageous crime against humanity. Justifiably, the patience is wearing out even among the international allies and reliable intermediaries such as Jordan and Egypt in the Middle East.

It is incumbent on the Israeli government to contribute to peace and set precedence in the monumental challenge against global terrorism by voluntarily leaving the Palestinian land and granting the Palestinians their human right to freedom and life without the check posts and tunnels to move around their own state.

As for the Palestinian authorities – it is essential for Gaza and West Bank governments to display solidarity and work together in promoting peace between them and their neighbor Israel. Above all, the ruling factions, the FATAH and HAMAS should relinquish any plotting, verbal assaults and distortions against Israel, as it would unnecessarily jeopardize the peace and settlement evacuation deal.

Israeli settlers must unequivocally vacate the housing complexes built with the Israeli local and federal governments’ approval anywhere near or along the Palestinian private land. Any procrastination or evasion on the repatriation is unacceptable.

The consensus is if it was possible to allow the influx of settlers on foreign soil, the similar strategy should apply in receiving the exodus from the foreign land, as the authorities in Jerusalem should have realized that the rest of the world would no longer remain silent spectators to the oppression and persecution of the Palestinian population. It must end now to expedite the establishment of the two states with East Jerusalem rightfully allocated to Palestine as the state capital.

It is important to understand that in the Israeli settlers’ case, they are neither political nor economic refugees but unfortunately, they are the active and willful participants in the government sponsored housing program directly in violation of the international law.

No law-abiding citizens in any part of the world would agree to a stranger across the territory to encroach on their property line leave alone build an extension or a two story home of the residence they are currently residing in.

Failure to cooperate on the settlement issue will leave the settlers with ‘illegal’ status and deprive them of any citizen rights and legitimately regarded as the occupants with unauthorized entry. Therefore, forging identical immigration laws enforced in Western democracies against inappropriate or forced arrivals, often leading to deportations would be in accordance with the international migration law.

The peace accord should reflect that clause as a deterrence to prevent the status quo in the future.

Israeli settlements have attracted worldwide criticism across the spectrum of the many humanitarian groups including the Americans for Peace Now founded by the esteemed Professor Mark Rosenblum, History Professor and Director of the Jewish Studies Program, Queens College and within Israel – Shalom Achshav, the Israeli counterpart of the PeaceNow.org along with,

Columnist Ari Shavit wrote in Israeli daily Haaretz echoing similar sentiments –

“Figures provided by Peace Now show that 80 of the 100 outposts in the West Bank were built wholly or partly on private Palestinian land. Sixteen outposts are located entirely on private land, and more than half of the other outposts are on private land. This has to cause outrage.”

Ignoring international plea by Prime Minister Benjamin Netanyahu would exacerbate the thinning global support. Also, possibly accelerate the worldwide movement and resolve to free nations under foreign occupation, until the impending United Nations Security Council reconfiguration.

In conclusion, Israel and Palestine have lost a generation in the senseless violence and on-going dispute that could leave the economies without taxpayers to support the system – the baby boomers, soon to be the retirees for Israel and the desolate Palestinian youth population fallen victims to the political quagmire that has seen only despair and hopelessness as their future.

Not anymore, the people of Israel and Palestine must come together and urge their governments to disavow hatred and religious discord to enable the children and the younger generation, the torchbearers of a new peaceful legacy live in harmony alongside each other.

With the commencement of the ‘Holy Ramadan’ for the people of Islamic faith in Palestine and around the world, to be followed by the Jewish New Year for the fellow citizens of Jewish faith in Israel and elsewhere, the dawn of peace is on the horizon bringing joy and prosperity in abundance.

Padmini Arhant

Capitalism alias Communism

By Padmini Arhant

Throw a treat to the man’s best friend and he/she will do any tricks for you.

Not quite true, contrarily some canines unlike the ‘few’ in their masters’ species resist being the “Pavlov’s dog.” Besides loyalty, the canines’ discriminative power is unparallel to the particular voices on the airwaves and cable news network ever willing to perform on the note – ‘show me the bait and leave the trashing to…’

Lately, with the relevant media on vacation, the field is wide open and vulnerable for dumping wastes of all kind. As usual, the specific network presenting ideas and style taken right out of their targets’ page yet choosing to remain oblivious to’ plagiarism,’ do not refrain from perennial attack politics.

Recently, there has been deafening noise and fear mongering about the nation becoming ‘Communist’ and claims that certain entities may be out to destroy the sanctity of the sacred ‘Capitalism.’ Further, the network featuring the long confused biracial harmony against the alleged Anti-Profit, Corporate bashing otherwise the ‘indomitable’ alien force is indicative of the desperate times seeking desperate means.

It’s a feast to the eyes when the image on the HD / 3D monitors transcends race but again demoralizing when it happens for the wrong reasons. As though the berating isn’t enough the religion is brought into the conversation as an ally. The emphasis on the United States of America, proclaimed as the exclusively “Judio-Christian” nation presumably conquered by the aliens determined to eliminate the demonstrably competent ‘Capitalism’ and threaten the viability of the robust free market system. Never mind the other religious representations and diversity in the society. They are mere taxpayers, consumers and statistics among the electorates.

It should be obvious by now that the United States is a planet within a planet with the multitude race, religion, non-religion and several other factors from all over the world. The bellicose barrage playing the religious card is nothing but gutter politics.

Whatever works to polarize the democratic secular system used to ignite the sparks regardless of the blazing fire possibly consuming the pyrotechnicians and the entire gamut?

In view of the over pouring incendiary remarks marred with ignorance, it’s essential to demystify the myth dominating the communication mass media, the single most propaganda machine overly misused in the modern age partisanship.

Understanding Communism:

Karl Heinrich Marx, The German political economist, sociologist… perhaps conceptualized a utopian environment against the extreme inequalities at that time. The political theorist’s influence over the exploited working class permeated the western and central Europe, and subsequently the other parts of the world.

Communism emerged from the societal decay with the wealth concentration in the particular segments, i.e. the agricultural landowners and merchants seeking entitlement to national wealth while depriving the remaining population from similar fortunes, and leaving them to compete with one another in the Darwinian ‘survival of the fittest’ world.

What began as the revolutionary movement towards the greater good for all developed into the previously condemned parochial system, as it operated with the power sanctioned to the selective groups in the nation governance that simultaneously set aside the enormous wealth for them in the name of the republic. Communism on the face of it initially portrayed as the well-oiled machine satisfying the wants of all, only to be degenerated in the systemic abuse of power.

Even though ‘Communism’ spread to benefit the ‘Community’ with the objective of creating a classless and stateless society, the end did not justify the means. The classic examples are the former Soviet Union and the present China, Cuba and North Korea.

Again, the interesting twist in the twenty first century is the nostalgia for the former Soviet era among the economically deprived many Russian citizens in the fast-paced ‘ONG’ (Oil and Natural Gas) enriched Russian economy.

In fact, the United States held responsible for the failure of the former Russian leader Mikhail Gorbachev’s ‘Glasnost’ (Government Accountability and Transparency) and ‘Perestroika’ (the political and economic reform). The reason attributed to the Western paranoia to the pervasive ‘Communism’ and the secrecy behind the iron curtains.

The irony in the response to Communism by the United States is the successful dismantling of the former Soviet Union along with the brutal deterrence in Vietnam, Laos and Cambodia, and isolating Cuba and North Korea, while fervently forging alliance with the vastly threatening Communist regime in the Far East – China.

Communism soon became the most dreaded form of authority in the latter half of the twentieth century because of the iron fist rule in the former Soviet Union and across the Soviet bloc, that caught on like the wild fire to the South Asian regions led by China and adapted by Latin America in their rejection of feudalism.

Furthermore, the equality theme dissipated with the ruling Communists’ power absorption and control of the major institutions on the land, specifically the mass media. As a result, the population promised to be free of social and economic barriers subject to severe oppression on all accounts like in the case of contemporary China, Cuba and North Korea.

Perspective on Capitalism:

The widespread ‘Communism’ in the mid twentieth century triggered the wealthy to converge and protect their capital in the ‘Capitalist’ economy more so than ever. Capitalists’ paradoxical dual platform was protectionism while floating free trade practices essentially enabling a monopoly on not only the national but also the global economy. Hence, the free market archaic labels on every consumer product sold in the global market.

In an uncanny resemblance to the ‘Communist’ system the free market has not met the expectations of the people in the society as they are entrenched in consumers and workers exploitation like their counterpart ‘Communism.’ The common tools for both systems are ‘Power’ and ‘Wealth’ for suppression of freedom and choice in the form of civil liberties evidenced in the on-going ‘health care’ battle.

How did the free market infiltrate the national economic and political scene?

The Capitalist agenda thrives in a democratic system with mega investments in the political campaigns. All levels of government i.e. local, state and federal elections are heavily funded by the lobbyists aka the ‘Special Interests’ representing every imaginable industry. Any effort to legislate the ‘public’ financing with a cap on electoral spending demolished prior to the declaration of such process to let the private industry proliferate in the nation governance usually beginning on the campaign trail.

Some poignant moments in recent memory –

The finance sector giants such as ‘Goldman Sachs’, AIG, Citi groups etc smoothly organizing the fire sale of the rivals and massive bailouts for themselves. The oil industry with Exxon Mobil, Chevron Texaco, ConocoPhillips and others possess the political proxies in the House and the Senate rallying for off shore drilling and blocking the ‘Cap and Trade’ energy bill.

Should the ‘health industrial complex’ trail behind in the muscle-flexing match?

Absolutely not. Therefore, the Health Care Industry actively promoting the anti-government slogans through their paid political representatives, so that they can continue the absurd profiteering strategy without the people represented public option in the contentious health care reform.

On a broader perspective, the national defense controlled and managed by the ‘military industrial complex’ behind every military operations ranging from the civil to international wars vehemently opposed to any ‘peaceful’ resolutions to justify the phenomenal defense budget crescendo regardless of the political factions in the White House.

The proof of the pudding is in the decision to proceed with the additional troops deployment in Afghanistan. Despite the colossal failure in the ‘so-called’ war against terror, the pursued military occupation misdirected as ‘nation building.’ Such adamant position is reflective of the Machiavellian policy and ‘hawkish’ representation at crucial levels of government, relevant departments in the administration and the defense hierarchy. Ignoring the human casualties on all sides and squandering the scarce national resources is the motto of the defense program conspicuous in the status quo.

The role of Kellogg Corporation and the internationally defamed ‘Halliburton’ in Iraq and Afghanistan herald the degradation of morality in the lowest order.

Again the private industry prioritizing extravagant profit over people’s lives is synonymous with the military and medical industrial complex, ‘apparently’ engaged in saving and safeguarding lives.

Likewise, in other areas of life sustenance the Nuclear industry in their effort to leave the footprints has the legion in Congress, respective Cabinets and the White House to stampede the renewable energy alternatives in the green technology vogue. In this context, the anti-environment coalition is ever stronger than witnessed before. It’s not uncommon for the opposition to rise against the incumbent power’s any and every policy. However, the vitriolic politics defying common sense and logic in the ‘global warming’ issue is the height of idiosyncrasies that is reprehensible.

How does Capitalism perform in the global economy?

Globalization is nothing but the marginalization of the domestic and foreign workers alike. The two most important wings of the business sector, the workers who are also the consumers are the convenient scapegoats for the free market operators. In order to cope with the vigorous global competition, the corporate downsizing with massive layoffs or outsourcing at a relatively cheaper rate with a disregard for standard labor laws on foreign soil is the preferred path to ‘Nirvana,’ (the eternal bliss), in the capitalist jargon it is the cornucopia of profits.

As for the environmental hazards are concerned, the deadly gas leakage in the devastating Union Carbide disaster in Bhopal, India – killing several thousand residents and abandoning millions suffering from life threatening diseases as well as the oil spilling on the domestic and international shores meticulously evaded or dealt against it through the top-notch legal expertise hired at a premium price.

Global economy is also heavenly for tax evasions with the Corporations reallocating off shore income towards their personal future.

The icing on the cake is the communications mass media – a blaring private and free market owned enterprise to undermine democracy. Issues of national interest and citizens welfare browbeaten to conjure the dazed viewers and readers. At the same time there is responsible journalism visible in the most editorials, columns, articles and television presentations other than the cyberspace to counteract the partisan tidal wave

Lately, the legitimate concerns in the form of opinions, ideas and commentaries on numerous national and international issues either discounted or dismissed as an unqualified intervention in the asserted ‘our highest government ’ matter, striking yet another chord with ‘Communism.’ in the first amendment right.

Aiming at profit is the fundamental cause for any commercial activity. Nevertheless, the methods and strategies to achieve those profits often found unscrupulous in the modern market economy. Wealth acquired at the cost of the citizens’ life and livelihood does not last long, and no sooner than later the proprietary disillusioned on the asset transformed into liability.

The analogy presented, as “One size do not fit all.” It does not apply to those corporations playing by the rules with an utter respect for the democratic political system…stay focused on the business management rather than ‘nation’ control. These Corporations occasionally victimized by the labor Union’s excessive demands viz. higher workers compensation under the guise of ‘labor protection.’ There are also individuals abusing consumer rights in business dealings with contempt for the other party’s status.

The excessive greed for ‘Power’, ‘Profit’ and ‘Popularity’ in the aggressive world economy and political system has eroded the human qualities for care, compassion and courage to uphold justice and fairness in the society.

Concisely, Capitalism is the new era Communism dictating terms and conditions to the market forces and intrusively implementing national policies through political agents on the prolonged or permanent Corporate payroll at the dawn and during the representative’s political career.

The common denomination under both systems is – the powerful oppress the powerless and the victims are none other than the general population in both Capitalism and Communism.

Padmini Arhant

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U.S. Dilemma on Afghanistan

By Padmini Arhant

Subsequent to the comprehensive layout on Afghanistan’s Status quo on this site, titled ‘Afghanistan War and Election,’ August 21, 2009 under Politics – International section, the situation reported to be deteriorating in two different aspects, the war and the controversial election results.

With respect to the eight-year-old war – the insurgency is the calculated guerilla warfare, the page taken from Vietnam era and the terrorist tactic to stymie the Western forces equipped with modern weaponry.

The recruits comprising the natives and foreigners vulnerable to terrorists’ fundamentalism carefully chosen to endure the extreme conditions…serve as a huge advantage for the insurgency against the U.S. and NATO alliance.

Furthermore, the volatile political environment from the recent Afghan elections fraught with widespread corruption and voter fraud creating uncertainties and exacerbating the Western backed government’s credibility, again likely favorable to the Taliban militants.

Amidst chaos and carnage, the civilian populations are the victims and potential targets for the militants’ disingenuous appeasement, exploiting the turmoil to their political and militaristic gains.

Solutions: The ideal strategy for the U.S. and NATO to turn the situation around in the long embroiled battle is to focus exclusively on combat operation with the existing troop level.

It is important to remember that the war in Afghanistan is no longer a unilateral commitment by the United States. Despite the NATO involvement in the on-going military conflict and suffering immense casualties along with the United States, the international community must realize that the rise of Taliban and Al Qaeda’s refuge in that region will continue to remain the biggest threat to global security.

In light of the dynamic shift in the ceaseless war, the rest of the world has equal responsibility in restoring the embattled nation towards ‘normalcy’ with a generous financial contribution and logistic support. It’s rather unreasonable to burden the United States with the constant supply of resources in the form of troops and financial investments.

Any additional troops requirement should be supplemented with the globally represented U.N. Peacekeeping force brought to the region to protect civilian lives and interests. The deployment should also be the oversight for construction and repair of infrastructure, schools, hospitals, community centers with global aid directly invested in the civilian welfare.

In this context, it’s best to recognize that the U.N. peace keeping force would be more effective with army personnel sharing and not contrasting the socioeconomic backgrounds to overcome language and cultural barriers when dealing with the local populace in the villages and remote corners of the nation.

Under no circumstances, it should be outsourced to private enterprise such as the notorious Blackwater, now operating as Xe “pronounced like the letter ‘z,’” marred with civilian killings in Iraq and disturbing accounts in Afghanistan. In fact, such recruits have been a major threat to the locals and proven a liability to the United States in Iraq and now in Afghanistan.

Political stalemate in the national election: Although, the incumbent President Hamid Karzai is reportedly leading in the highly contested national election, the reality confirms otherwise. According to the international political watchdog groups and other reliable sources, the election results do not reflect the democratic process due to excessive power abuse by the government seeking re-election against the political challengers.

The people of Afghanistan like their fellow global citizens, deserve free and fair elections. Although, such notion widely scorned for personal motive by the demographically complex social hierarchy, the demand is justified to begin the end of the corrupt bureaucracy and the political structure.

Hence, the false victory by the ruling political faction and the head of the government not legitimized as the democratically elected leadership. Since, Afghanistan needs to invest the scarce resources in the reconstruction and economic development, the runoff election is not a prudent choice.

Therefore, the unity between the two major political candidates President Hamid Karzai and DR. Abdullah Abdullah for a coalition government is paramount to move the war torn nation forward into the twenty first century goals. Ignoring the society’s plight for political aspirations would be detrimental to any kind of progress, personal and public.

When leadership stands the test of time against all odds, it enhances the nation’s fortitude. Leaving the thought behind, the expectation from the Afghan political leaders is to prioritize the national peace, prosperity and future above all.

Thank you.

Finance Sector and Economic Impact

By Padmini Arhant

When the Bush administration officially recognized the economic recession in late December 2007, the malignant cancer in the financial sector was widespread – originating from gross mismanagement, underhand dealings, some in breach of lenient SEC regulations… a scenario analogous to the health abuse by overindulging individuals submitting to a potentially terminal illness.

Upon diagnosis, the prognosis called for a radical treatment to prolong life. Hence, the former administration executed a series of financial bailouts commencing with Bear Stearns, AIG, including major and minor banks bailout to a tune of $700 billion TARP (Toxic Assets Relief Program) fund.

Incidentally, the former Treasury Secretary Henry Paulson bound by vested interest and commitment to his alma mater Goldman Sachs let the comparable investment group Lehman Brothers submerge into insolvency.

Is cherry picking a coincidence or key Treasury representative fulfilling obligations to the dominant force Goldman Sachs in the finance industry?

Please refresh your thoughts after reviewing the blogpost ‘Bailout Debacle’ March 22, 2009 listed under Economy and Business category at www.padminiarhant.com

In this context, the cited article revealing facts behind the bailout is attention worthy.

According to http://www.wsws.org/articles/2008/sep2008/paul-s23.shtml – Thank you.

Who is Henry Paulson?

By Tom Eley, 23 September 2008

“Henry Paulson rose through the ranks of Goldman Sachs, becoming a partner in 1982, co-head of investment banking in 1990, chief operating officer in 1994. In 1998, he forced out his co-chairman Jon Corzine “in what amounted to a coup,” according to New York Times economics correspondent Floyd Norris, and took over the post of CEO.

Goldman Sachs is perhaps the single best-connected Wall Street firm. Its executives routinely go in and out of top government posts. Corzine went on to become US senator from New Jersey and is now the state’s governor. Corzine’s predecessor, Stephen Friedman, served in the Bush administration as assistant to the president for economic policy and as chairman of the National Economic Council (NEC). Friedman’s predecessor as Goldman Sachs CEO, Robert Rubin, served as chairman of the NEC and later treasury secretary under Bill Clinton.

Since taking office, Paulson has overseen the destruction of three of Goldman Sachs’ rivals.

In March, Paulson helped arrange the fire sale of Bear Stearns to JPMorgan Chase. Then, a little more than a week ago, he allowed Lehman Brothers to collapse, while simultaneously organizing the absorption of Merrill Lynch by Bank of America.

This left only Goldman Sachs and Morgan Stanley as major investment banks, both of which were converted on Sunday into bank holding companies, a move that effectively ended the existence of the investment bank as a distinct economic form.

These bailouts have been designed to prevent a chain reaction collapse of the world economy, but more importantly, they aimed to insulate and even reward the wealthy shareholders, like Paulson, primarily responsible for the financial collapse.

Paulson bears a considerable amount of personal responsibility for the crisis.

Paulson then handsomely benefited from the speculative boom. This wealth was based on financial manipulation and did nothing to create real value in the economy. On the contrary, the extraordinary enrichment of individuals like Paulson was the corollary to the dismantling of the real economy, the bankrupting of the government, and the impoverishment of masses the world over.

Paulson was compensated to the tune of $30 million in 2004 and took home $37 million in 2005. In his career at Goldman Sachs he built up a personal net worth of over $700 million, according to estimates. “

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True Perspective: By Padmini Arhant

The entire economic meltdown ceremoniously attributed to the financial sector’s wayward unruly conduct in the absence of limited or no regulation. Typically, it’s a free market voluntarily surrendering to a free fall after skyrocketing profits in the pockets of privileged few in the society.

Who did the private enterprise otherwise the market system’s oligarchs approach for salvation?

It was none other than the taxpayers of the economy represented by the government.

It’s poignant to underscore the convenience for private sectors to seek the taxpayer i.e. government’s assistance when they are drowning and fleetingly dismiss the same government as an incompetent, redundant agency during the buoyancy like in the health care battle.

The day is not far when the health care and insurance industry configured to the obscene profit driven settings mimic their counterpart finance industry imploring the taxpayers/consumers bailout.

When the wealth management industry succumbs to their own greed ladened follies, can the health care and insurance industry sustain the malpractice at the economy’s expense?

If there is any respect for the laws of nature or ethical consideration, the key economic components such as the finance, health industry and others would realize that universally every substance has a limited potential to thrive and exceed performance level at any given time. The mankind periodically experienced catastrophic blows in the form of severe economic recession to ‘Great Depression’ due to the prevailing markets inertia.

Still, the lesson is never learned by the delusional segment forging permanency on this planet; choose to remain confined to the improbable cause in wealth amassment.

Now directing focus on the finance sector, the ‘artful dodger’, a nickname of the Charles Dickens’ melancholy character ‘Oliver Twist’ when turned down for more porridge, despite the courteous magic word ‘please,’ was never discouraged to maneuver the situation in personal favor.

Unlike the character ‘Oliver Twist’ a victim of severe socio-economic disparity…parallel to the modern twenty first century reality, the finance sector is well armed with tactics adherence to the rule of law in appearance but decisively biting the hands that feeds them, i.e. the consumers and taxpayers.

What are the latest strategies by the finance industry to clean up the mess on their balance sheets?

The current trend in the finance sector is adapting to the new age attraction i.e. presentation and mass appeal even if it is lacking in substance. If anything achieved from the domino effects by the financial sector, it is the mastery of unsavory techniques to impress shareholders at the consumers’ peril.

During the bailouts, both the prior and the incumbent administrations were unequivocally guaranteed instant revival of the lending activity, a predominant factor in the liquidity crisis exacerbating the economy until date.

It’s been nearly twelve to eighteen months since the infamous massive bailouts with no relief to the average citizen, retailers or the small businesses, crucial for the economic recovery. The economy deprived of the consumer spending flow because of the financial institutions’ stringent policy to hoard the taxpayers’ funds received in the form of bailouts at zero percent or nominal interest rate. Instead the taxpayer bailout is unabashedly used for extravagant bonuses to the architects of the financial calamity.

Although, the Obama administration recently capped the finance charges and interest rates on credit card borrowings to ease the extraordinary burden on average citizens, the industry leapfrogged Congress with discretionary interest rates not limited to atrocious 29.9% APR and threatening to increase further on default payments.

Another proactive measure by the banks in an effort to window dressing the balance sheet was minimizing risk exposure related to credit card and consumer lending. The industry defiantly targets the vulnerable groups like students, homeowners and the lower to median income consumers with abrupt cancellation of accounts in good standing.

The irony is noteworthy. It’s considered perfectly normal if the finance industry absconded their responsibility to the American taxpayers/creditors not barring any accountability to the oversight committee regarding the bailout investments. However, the then taxpayers/creditors as consumers/borrowers now subject to scrutiny and unprecedented means by the same financial institutions holding the mantle to lending and borrowing.

While the myriad of finance industry borrowed taxpayer funds at zero or negligible interest rate, the sector in return either withholding financing in most cases or lending at an exorbitant rate to the consumers who are also the creditors.

In the housing market, the situation synchronizes with the other lending areas such as credit card, personal loans etc. The reason for the agonizing slump in the real estate across the nation squarely falls back on the commercial banks reluctant to unleash the cash flow to qualified first homebuyers and responsible mortgagees/homeowners unable to purchase or refinance their homes. The stranglehold on consumer borrowing precipitates the foreclosures notwithstanding the vertical decline in home sales and values.

Again, the White House initiatives to restrain foreclosures and assist primary residence owners through TARP fund allocation need evaluation as the financial institutions are focused on ‘business as usual’ and not measuring up to the rigorous standard that exists for average consumers while the bailed out financial industry borrowers exempt from it.

The status quo is inadequate and compromises the high value homes in the government pursuit to rescue the conforming loans, i.e. Fannie Mae and Freddie Mac toxic assets. Fannie Mae and Freddie Mac, is a private company backed by government funds.

Not surprisingly, the illicit practice permeated to the commercial real estate affecting the prospects in that segment.

Home equity, the major and sometimes the only asset for overwhelming majority being inaccessible along with the spiraling health care and insurance costs for families, the overall economic impact is enormous forcing many to bankruptcy accelerated by the escalating unemployment rate.

Did the bailout beneficiaries show any evidence to qualify for funding?

Supposedly not, then why should they be allowed to run the economy into muck and handsomely rewarded with taxpayer bailout for the colossal failure in financial history?

Where are the taxpayer funds invested and why are they not held accountable thus far?
Is the financial market granted constitutional immunity?

And if not,

What is holding the legislators from intervening on behalf of the electorate to probe the public affairs maintained as private matter by the industry?

Meanwhile, the investment group, Goldman Sachs implicated for alleged insider information to high value investors through trade specialists deserve proper investigation and due process. The SEC regulations must apply to all without exception in absolute transparency.

With the holiday season approaching, the consumer spending is vital to expedite the stagnant economic growth. As stated above, the positive development in housing and job market intertwined with the investment pace, only possible through private sector faithful participation in lending and reactivating the economy.

Unless and until the finance sector across the board, the commercial, investment and insurance industries get their act together and relinquish the ‘subprime’ syndrome, the sagging economy will continue and eventually consume the source, the financial groups.

The financial sector is obligatory to the taxpayers as creditors and borrowers particularly with respect to the disproportionate bailouts.

Finally, with no further procrastination on the financial markets audit, it’s imperative for the Congress appointed oversight to obtain legitimate explanation on investments and lending abstinence. Any dissatisfactory response and non-cooperation by the industry must be pursued with mandatory judicial protocol.

Thank you.

Padmini Arhant

Nation Bids Farewell to the Hon. Senator Edward M. Kennedy

By Padmini Arhant

The moment has arrived for the nation to acknowledge the final departure of their tireless and long serving representative, Senator Ted Kennedy, the youngest son of America’s beloved family.

Senator Kennedy, the brave survivor of many family tragedies was a true warrior in various aspects. The Senator zealously battled for the large segments of the society on significant issues and health care was the top priority among them. Senator Kennedy delivered the health care speech with sincere emotion and great concern for the neglected groups in our society.

Ted Kennedy was not prepared to settle for anything less than universal health coverage and clarified the urgency with authority and conviction. The Senator, as a veteran legislator was all too familiar with the opposition and the politics behind the ‘health care’ reform and anxiously looked forward to realizing his lifetime dream into eventuality. Therefore, it’s a test of the time for his colleagues on both sides of the aisle eulogizing the departed leader’s dynamic role in legislative history to legitimize their words into action in the matter that was appropriately the Kennedy ‘brainchild.’

In other historic issues, Senator Kennedy’s valiant declaration to endorse the candidacy of the then Senator Barack Obama led to the successful nomination and election of the President Barack Obama as the first African American breaking the long held tradition to the office of Presidency.

It’s poignant to specify that Senator Ted Kennedy had many aspirations and desires for his fellow citizens and strived to accomplish them ranging from civil rights to equal wages and opportunities for all in every possible social and economic front. Once again, despite the current political atmosphere pervasive of a legion across the party lines to represent the powerful and influential in the society.

Another phenomenal trend set by the audacious Senator was to join the minority legislators and party members in his opposition to invade a nation, Iraq based on hypothesis and concocted theories validates the experience, foresight and diligence, rare qualities in contemporary politics.

Life presents choices and decisions are consequential, sometimes with a reversible or irreversible state. Senator Ted Kennedy demonstrated repeatedly by seeking the arduous journey in legislative affairs that it’s easier to default on the promise to the constituents electing public officials to power to do the right for them but rather challenging to live up to the trust and expectations of the republic.

Ted Kennedy portrayed the latter with poise and passion.

Considering the long career span of Senator Ted Kennedy, it’s a daunting task to summarize the portfolio sparsely without compromising the achievements in the several hard fought legislative issues.

The nation comes together to bid farewell to the bastion of peace, freedom and equal rights for all Americans – natives, naturalized and others on American soil.

As we celebrate the life of Senator Edward M. Kennedy, his legacy must continue beyond the horizon of hopes in the American politics.

So long, Senator – May your soul rest in eternal peace.

Thank you.

Padmini Arhant

Afghanistan War and Election

By Padmini Arhant

The nation ravaged with decades of wars, terrorism, militant rule and occupation goes to the polls to exercise the basic human right, a privilege in this part of the world , while taken for granted in the U.S.of A as reflected in the health care battle.

Afghanistan known for the ruggedness and terrains with the Khyber Pass enabling invaders to move across the foreign territories in a manner as the ‘no-man’s land’ ignoring the inhabitants scattered around the vast mountainous regions.

Afghan demography is complex and beyond the grasp of understanding for Western powers and even its Central Asian neighbors. The Imperial powers from the British, Russian and now the American & NATO forces have struggled to enforce any form of stability, political or otherwise.

The tribal laws conforming to the medieval times view the progress desired by the mainstream population from the rural to the urban areas, a threat to the ancient culture and the tribal archaic ascribed to the Western influence through occupations.

Further, the abandonment of the Afghan nation by the Western forces after brutal Soviet decimation solidified the anti-trust against the Western power. Unfortunately, the desolate population then sought the support of the groups earlier recognized as the mujahedeen (combatants against struggle) trained by the CIA and fostered by the Reagan administration core foreign policy titled Reagan doctrine to challenge the Soviet rule.

Ironically, the trade tricks related to weaponry and military retaliation imparted by the sophisticated U.S. armed forces in the late 1970’s to combat Soviet presence tactfully demonstrated in the on-going war on terror between the Taliban insurgents and the U.S & NATO alliance.

Mujahedeen were nurtured through the neighbor Pakistani ISI and military aid essentially representing various multinational forces like the United States CIA, Saudi Arabia, People’s Republic of China, several Western European countries and the military regimes in Pakistan.

When the U.S. departure followed the end of Soviet occupation, the country engaged in a civil war in the late 1980’s forcing the orphans of the Mujahedeen evolve into today’s menace the Talibans. The outcome – the tiny lizard morphed into a tyrannosaurus…wreaking havoc in the Islamic Afghanistan and neighboring Pakistan apart from becoming the terrorists’ haven for the terror organization Al-Qaeda and the world’s most wanted Osama Bin Laden.

Now when democracy appears to work its way through, the country riddled with bureaucracy, corruption and the ever-lucrative production of poppy fields.

What could the people of Afghanistan possibly live for and aspire in the twenty first century?

After prolonged tyranny and drudgery, the people are tired and worn out from the perpetual cycle of violence that has paralyzed progress leaving the nation behind in stone age, when the rest of the world zoomed past them reminding that Afghanistan frozen in time.

The Afghani people as part of the human race seek simple life. A life guaranteed with freedom, human rights allowing every human being to live with respect, honor and dignity. Above all, the people of Afghanistan deserve peace like their fellow citizens in Palestine, Africa and other war torn regions of the world. Women as victims of extreme hostility and abuse imploring for their release from the ideological shackles and inhumane practices shockingly happening in both the developed as well as the ‘backwaters’ of the nation.

Children, the future of any country and the world dream of normal existence such as attending schools for both girls and boys, raised by their parents and the family unit if they are lucky to survive the Western aerial bombardments via drones and the Taliban insurgency. These innocent souls, even in that environment of despair and hopelessness don’t forget to smile or pose…momentarily floating in their fantasy to be the center of the universe for the international press and media.

When they grow up, the men have the options to either become a terror network recruit or hired by the tribal warlords to toil in the poppy fields contributing to the flourishing narcotic industry. The alternative for young women is to become the obedient slave in the male chauvinistic society regardless of the Western backed and financed political leaderships in Kabul.

It’s relevant to analyze the objective and achievements by the U.S. led war against terror mission in this region. After consuming millions of Afghani lives as well as American/NATO casualties and billions of American taxpayer dollars the status quo is –

There is no information on Osama Bin Laden, Talibanization of Afghanistan and northwestern Pakistan leading to Pakistani military action in Waziristan and the Swat Valley, fragmented Al-Qaeda temporarily relocating to Somalia while controlling operation in Pakistan.

In terms of the U.S. national security, the war in Afghanistan claimed to be justified.

How long is the war in Afghanistan long enough for the U.S. and allied forces?

Has continued U.S. aggression eliminated terror forces from the region?

One might argue that there have been no attacks against U.S. interests since 9/11 as a result of the continuous drone and ground attacks in Afghanistan. It could serve as a legitimate argument,

However, the fact of the matter is the terrorists believe that they gain nothing from repeating September 11 attacks. The motive behind September 11 was to inflict economic chaos and constrict the once booming U.S. economy, which the terror network accomplished with the catastrophic terrorist activity. The economic turmoil further exacerbated with the previous administrations’ Machiavellian Iraq adventure exceeding Al-Qaeda’s expectations to reign in on the U.S. economic progress.

Instead, Al-Qaeda diverted its attention to Iraq’s battleground with their insurgencies to prolong the Iraqi conflict in their aim to continue draining the U.S. treasury.

Meanwhile, the re-emergence of the Taliban in Afghanistan issuing death warrants to the electorate and forbidding them from going to the voting booths confirm the insurgents’ defiance against the U.S. and NATO forces. The Taliban and Al-Qaeda’s primary goal is to re-establish their Sharia law governance and headquarters in Afghanistan. They will fight fiercely until the Western power exhausted of the never-ending guerilla warfare that the West proven weaker at… for e.g. Vietnam, Iraq and in Afghanistan.

The Drones might be successful in reducing the U.S and NATO casualties and seemingly achieving their targets, but the major problem of the entire warfare strategy lies in the massive civilian loss of lives from this operation. Although, the Taliban insurgents counteracting the Western drone attacks by blending in with the civilians in the remote and rural regions, the Afghani government and the people view the incidents as Western negligence given the past track record and remarks by the ex-defense secretary Donald Rumsfeld on the civilian deaths in Kabul in 2001 – “collateral damages in war.”

No populace would like the eternal presence of foreign troops on their soil, whether it’s Afghanistan or Iraq, irrespective of the occupiers’ mission. The hypocrisy is conspicuous when the U.S. conservative agenda vehemently opposes the ‘illegal’ immigrants represented by the unarmed civilians and in the same breath relentlessly supports the ‘illegal military invasion and occupation’ of foreign lands whether it is Iraq or Afghanistan.

How does the U.S and NATO make progress in the rocky Afghanistan?

First, eliminating the arsenal and arms supply to the insurgents would considerably debilitate the militants’ strength. Detecting the providers and enforcing severe international arms control would substantially relieve the U.S. and NATO command from any additional troops requirement. Similar techniques in Iraq would reduce the internal violence over there.

The immediate implementation of such methods would not only protect immense lives from all sides but also greatly help the U.S. economy from the war spending and investing in the life saving “National health care with public option.”

Second, allocating a major segment of the military operation towards nation building like infrastructure, schools and hospitals rather than held responsible for national chaos and killings. This would easily win the hearts and minds of the local population.

Last but not the least, paving way for job creations in both agricultural and industrial sector would gradually lead to the emancipation of the society. Afghanistan believed to be thriving in poppy plants yielding Opium. Likewise, Afghanistan has other valuable cash crops with vast potential to become a leading exporter of dry fruits and nuts, other than woolen products – clothing, shawls, carpets, rugs and silver, mineral ore etc.

Therefore, substituting Opium with healthy life sustenance crops like wheat, nuts, dry fruits and setting up woolen mills and carpet manufacturing guaranteed to revive hope and change that is long overdue in this nation.

The United States, European countries as well as developing nations like India and others should collectively promote the Afghanistan economy by easing the trade tariffs and quotas for these products and facilitate the trade flow from this long battered nation.

With respect to the political system – Unless and until the substantial corruption, bureaucracy and nepotism restrained if not eradicated from the political structure, no western power can succeed in the democratization of this demographically estranged society.

The incumbent administration under President Hamid Karzai, survivor of several assassination plots and attempts by the alleged Pakistani ISI supported Talibans up until early this year, has disappointed the international community on a range of issues.

President Karzai’s inability and lack of interest in housekeeping specifically the Opium production, minimizing government bureaucracy leading to corruptions, alleviating the nation’s poverty and devising any effective plan for job creations and economic growth has undermined regional advancement given the tribal control of the remaining areas.

Moreover, the Karzai government’s endorsement of social injustice towards women slighting women’s rights in the marital relationship is a matter of deep concern and violates the democratic norm in a society represented by the Western sponsored leadership.

According to various news reports, the voter turnout was relatively low as a result of the Taliban’s stern warnings to harm the electorate.

In light of the above perspective, Afghanistan would be better off with a coalition government of the three contenders – President Hamid Karzai, DR. Abdullah Abdullah and DR. Ashraf Ghani exchanging ideas, sharing intellect and experience in a concerted effort to move the war torn nation forward to the twenty first century. In addition, the fractured society would benefit from the collective talent and experience of the consolidated government, besides maintaining checks and balances on activities hindering the democratic functions.

On that note, Best Wishes offered to the new government in Afghanistan with peace, progress and prosperity in the immediate future.

Thank you.

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