Archive for the 'PHILOSOPHY' Category

World Peace - Laughter Connection

Friday, March 5th, 2010
DECEMBER 4 is the World laughter day since last 4 yeras announced by a group of people for the world peace
and prosperity - being practiced in India - Maha Maya Ananta and Sri Sri Virat Sri- Sant Lal Chugh Foundation ,
New Delhi 110065   .
The laughter is best symbol of peace and properity in the Universe .
Only we the human beings have the Gods power to laugh who actually laughs through
and gets thrilled on his fun and entertainment .
The whole sky can eco with the collective laughing voices of all the human occeans. impacting
the entire Cosmos and warning any ET aliens if any that the planet earth is very powerful ,peaceful ,
united in one chorus which can shake the foundations of the galaxy .
This will also convey the wholeness of our planet oneness of all the religious systems .
Great laughter sends the message to the mind that every thing is fine every day .
Now you imagine millions of people laughing and dancing at the same time on 4th December in
small gatherings - all TV channels playing comedy soaps the whole day , Schools and colleges praying for
world peace - will send a message to the collective conscious of the Universal mind that every thing is perfectly
fine here on the planet earth .
Mind does not distinguish between reality and imagination .
So even if the laughter is artificial the collective universal mind will believe that truly every thing is fine .
This cumminication will bring more benevolence and supernatural Divine love
of God in every body’s heart creating long lasting peace and happiness with deep sense of security and
vibrational change in the mother earth’s total environment .
All beings in the universe will dance with joy , peace and love .
Large scale tele-conferences should be done , webinars , speeches by the leaders of all walks including Cine actors ,
Sports stars and Politicians  -
Sessions of jokes .
All mass media channels to run free advertisements .
This will help raise lot of charity from us the affluent in the society to be spent
on the needy in the underdeveloped world .to encourage education and healthcare ,
entrepreneurship , brotherhood with music love and dance .
Power of laughter is great and can make the Universe of humanity smile , laugh
and shed the toxins out of their bodies and get healed .
This is very important part of the conventional Indian yoga to heal and enhance energy
levels of the highets pure divine nature .
The day can easily carry real and subliminal messages of green earth ,eco friendly developements and
reduced global warming .
Who so ever chooses can do it daily for his own benefit .
Infact no one has dared to tax the breathing and the laughter .
We can continually keep providing content on  the subject of laughter from the ancient
Indian wisdom of the sages  .
Looking foward to your further inputs to carry on this mashaal of love
energy fire and occeanic peace and stillnes .
Best wishes ,
Prince Mohan - New Member of WPPS since yesterday .
God bless the awakening of the planet mother earth making every body
aware of him self  .
Prince Mohan
Bankers to the Universe

Sexual Abuse and Mind Control

Monday, February 15th, 2010

by Wes Penre, April 27, 2005

researched psychiatry long before I started researching the New World Order; before I even knew what the New World Order was. What came out of that research was mind-boggling. I thought that psychiatry, this so-called “science”, must be the most vicious practice on Earth. The history of psychiatry and the evil it has done to humanity is more than an average person can confront. Little did I know back then that psychiatry is one of the most important tools for the Illuminati when they research advanced mind control techniques. Most of the highest known illuminists are also psychiatrists.

Just recently, when I decided to write some articles on psychiatry, I accidentally stumbled upon the story of Wayne Morin Jr. I was searching through the “wayback machine“, where you can find websites that are no longer on the regular Internet. For you who don’t know, it is an archive of old websites that have been taken off the Internet for one reason or another. I figured that there must be at least a few good websites that were taken down due to threats from the forces they intended to expose, and I wanted to find those as they certainly must have had some good information.

That’s where I found the story of Wayne Morin Jr., written by himself. After had read it, I decided to use it as my first article on psychiatry.  Wayne’s case is so typical, just because he was never heard, never believed, and his website is no longer on the Internet, although it should be highlighted as one of the most important websites out there, if there would be any justice in this world.

Mind control. The controversy of what is and what is not mind control rages on among scholars in the schools of law, human rights and mental health. An accepted definition is: “psychological manipulation, thought reform and/or mind manipulation which results in a form of behavior modification.”

A close scrutiny by the media and public, of one of the biggest destructive “Murder Industry Cults” is “Murderers of the Mind: The Awful Truth About Psychology, Psychiatry, and the Mental “Health” Industry”, published by “Citizens Commission on Human Rights International”. It details an epidemic involving physical and psychological abuses, supplies and in-depth professional investigation and would provide the first steps in resolving the rash of problems that destructive cults, serial killers, sexual child abusers, thrust upon society. Citizens Commission on Human Rights International (or CCHR for short) is run by the Church of Scientology, whose doctrine I am not subscribing to, because the Church has their own reason and agenda on exposing psychiatry, but that fact does not nullify their extremely thorough investigation into the subject of psychiatry. Scientology’s research in this field is very accurate and backed up with evidence.

As consumers of national news media supplied information, we continued to accept half-truths, which, in this case scenario, is seeing and hearing only what results form mass mind manipulation. The Churches in America are the biggest power base for Mental Health Industry. Secret Knowledge equals power, with the result being control. 

After have researched the field of psychiatry pretty thoroughly, the following story rings very true. Let me share it with you.

When Wayne Morin Jr. wrote his article for the Internet, he had been locked up since 1987 in a mental hospital for calling in a fake bomb threat and leaving an egg timer in a grocery store.  He also called the grocery store and told them he placed the fake bomb and gave his name, home address and phone number. Wayne was at the time he wrote the article a devoted Christian and said he was facing daily persecution as a Christian and a political prisoner. He has been in many magazines, such as Media Bypass; Spotlight; Truth At Last; Cutting Edge Newsletter, and he has also done a number of radio talk shows.

His first admission at Napa State Hospital was when he was 12 years old, in 1971. He has had 115 admissions at Napa State Hospital (NSH) since that time, but all were civil commitments. He explains that his mother, brother, and sister have all sat around and used marijuana together with his psyche-tech on a weekend pass. While still accommodated at NSH, at the ages of 13-16, he was taken to his psyche-tech’s home in Fairfield, where he used marijuana and Dexedrine, all on weekend passes. There was another time at NSH when a psyche-tech “fell in love” with him and they had sex, and he was given Ritalin in injection form.

The Napa Sentinel, a local newspaper, has full knowledge of NSH past and up-to-date rampant sex abuses and drug use. There was a time in the 1980’s when most of all the psyche staff at NSH used marijuana and smoked it with the clients there, according to Wayne. This was during the height of “America’s Drug War”, and when a person could use drug (ab)use as a mental illness and furthermore get paid by SSI for being mentally ill, at $700.00 a month.

During Wayne’s 115 admissions as NSH he never had one single felony charge. His instant offense was committed in 1987, and he was sentenced only for three years. However, the State never wanted him released on “outpatient treatment”. Why was that? Wayne explains:

“Just look at their jobs being on the line, and how the psychiatric staff know that the statutes of limitations never run out on murders and rape, which have occurred in this hospital. Knowledge is Power, they know this, so by keeping me inside the fence they maintain their immunity from outside investigation. It is a known fact that mental health staff as NSH use Gestapo-type tactics and invent symptoms without evidence in order to delay the discharge of patients(1).These doctors

with Master’s degrees can also be negligent and accessories to murders and other crimes, who do whatever it takes to cover up both intentional and unintentional mistakes, as if, in the old lunatic days of torture and mysterious deaths in the state hospitals seem to be protected from the law. The same people on patient’s treatment team punish them for any disagreement, trying to defend themselves, and particularly frown on any complaint to Patient’s Rights, if not a reason for retaliation due to their power and illusion of perfection being challenged; in a sense they are playing God with people’s lives. Even if an individual staff member knows the claims against a patient are false they will side with their peers, acting as a fraternity of control, under the guise of hospital policy. This form of racket contradicts the entire concept of people with a diagnosed mental illness being treated and recovering for return to the community, especially for people as myself, who was drunk when committing a crime which was not that serious. Instead, we have psychiatrists and psychologists acting like prosecutors who in reality answer to nobody, and whose main remedy to alleged symptoms is to increase a patient’s medication, do anything about their situation, so they give up trying to fight.”

 Wayne is a political prisoner who should have been released to a group home years ago. He says he needs assistance from an organization to provide counsel and assistance for his legal release. He states that he has a lot of stories to tell about what is going on at NSH, and he would not hesitate taking a lie detector test. Not that he needs to, the evidence is overwhelming, and some of it is even in the mainstream media(2).

Anna Jennings was sexually abused when she was less than three years old. This was the first of several abuses that occurred over her lifetime, and put a confused, frightened child into a mental health system that neither recognized nor treated Anna’s real problem. Diagnosed “schizophrenic”.. she was institutionalized for more than 12 years from age 15 to 32. Although she attempted to communicate the “awful things” that had happened to her, there was no one to listen, understand or help her.

She took her life on October 24, 1992, on a back ward of a state mental hospital [which was in fact Napa State Hospital, editor’s note]. Please take some time and go to Anna’s Memorial Page and read about this young woman, whom Wayne met at Napa, but never got to know too well. He just remembers she was a very nice person: The Anna Foundation Organization.

Comments - Is it possible in today’s world .

The article is from the web site of  illuminati-news.com

David Icke - And the truth shall set you free

Thursday, January 7th, 2010
Dear David , I have started reading your book
“And the truth shall set you free” . This is a remarkably brilliant eye opening
book . Great appreciation for your work , please accept . We have interacted with some brotherhood societies
and always found them socially responsible and doing
noble projects with social objectives as priority . Yes of course they do assist the brotherhood members
to enhance their knowledge and social standing . However even if it was that the global elite or the illuminati
control the things in the world may not be questionable because
the world wide members may not know their agenda or plans . But if you see around you micro to macro families and organisations
you find that they are being controlled by some one . Every one however well place in the world he may be , is having some one
above him to be answerable to . May it be the individual or
government tax authorities . The world as a chain of things has to have some fountain heads
some where in the world in some form or the other . It is an old system in the new packaging . Alexander the Great , King Solomon , Genghes Khan , Chanakya in India had similar agenda as of the brotherhood networks . There is another point that these and many other imperialists
did contribute in bringing the world closer and make it a global village today
and create affluence in the society in many parts of the world . Colonialism was no more viable and it was difficult to manage the
countries physically with few foreigners in the light of growing
literacy which was created by the Colonial rulers only . They thought of a better way and that was to use them to create larger economies for them selves and others by freeing them from colonialism to self rule . Even if the money was lent and interest charged on the money which never existed and does not exist even today , what is the issue . They helped increase the exploitation of world’s resources and create
more and more employment , literacy , awareness and many other things . In the absence of the funny money which is also energy like the real money
there would have been more focuss on primitive wars to control other countries resources which they now try to control through economic
carots . Still the under developed areas are developing and getting modernised . Large number of companies world wide have come up because of their
banking of creating money out of thin air , Vnture capital funds , private equity and debt etc . They have created large number of educated professional work bees globally
instead of primitive work class . However Indian sages have always said that the spiritualism and materialism
should be equally balanced for true Karma Yoga . Enormous amounts wealth , money , power and resources are being continously added by them as per your version . What is the need for these beyond a point . Do they only like this instead of enjoying their lives with their families . What ever the Universal Laws they might have known in advance  they still are human beings with senses and emotions . Or their agenda is to capture another planet for their migration at some point or expand their resources through these planets to increase their wealth on the earth . Or they are still reporting directly to another civilisation or the fourth dimension . Do they have the knowledge that the earth may explode and they need to escape to some other place . If their knowledge of the universal laws is highly advanced then they know most of the things which others don’t . Our sages have known and talked about these things long ago even before these people had probably landed on the earth . These sages invented zero and the decimle for the mathematics of this world . Your idea there is awakening of the cosciouness today is great .
This can bring back the spiritual and material balance . With the many organisations promoting this globally is visible clearly . The internet is also full of this . With the reemergence of the female power it is becoming easier also . Please think isn’t this also doctored that so many people research about them and openly write against the global elite and illuminati under their nose . This is what may be suiting them to create fear and guilt in the world . This gives them more superiority and power over others with free publicity
world wide to their advantage even if their agenda is much less or nil . This also gives you lot of power to control minds of your fans through the
author and reader relationship . Will the balance of spiritaulism and materialism work . Since the evolution good and evil have been existing together even during the best golden periods of Satyuga . I truly appreciate you again for bringing awareness and such a powerful piece of work full of information and knowledge . Best wishes for your ongoing work . www.currentnewsaffairs.com Tags - David Icke , Author , And the truth shall set you free , Book , World wide

THE ALCHEMISTS OF UNIVERSAL FINANCE

Sunday, May 20th, 2007
BY Prince Mohan   There are articles and some great quality books on finance. It is once in
While you read some thing very extraordinary. For example a shakingly
Great book The Creature from the Jekyll Island.
Now there is super article by Maria Jeeves on The Alchemists of Finance
Carried by The Economist Print Edition . The article interviews Henry Tricks and  also considers a survey.           
One thing more here is that J.PIERPONT MORGAN is credited with some other bankers like Rothchilds as the Financiers of Governments in the World Wars.
The Creature from the Jekyll Island forcefully describes the way the Federal Reserve System of US was created by a very powerful group of the Morgans , Rockefellers , Warburg Pincus , three or four more and a high powered Senator in the closed doors secret meetings where the competitors became associates . This was the beginning of the Donning of Cartelization . These gentlemen have been the greatest Money Scientists the world has seen .
They have been creatively innovating and using proprietary structured technologies in
The world of banking and finance like new financial instruments or the LBOs .
Global Investment Bankers are becoming more risk taking and are spreading it with
New sophisticated ways.
The world is some how managed by the cyclical financial laws of the universe .
For reference it is to mention that in the eighties one Economist of Indian Origin in
America Dr. Ravi Batra had predicted correctly the fall of the wall street against the opinions
Of the best Academicians and practicing Economists of that time .
He had also predicted the rise of Asian Economies much before it was thought by the world’s
Financial leaders. He had blended his spiritual up bringing with his Economics education and study .
The anxieties in the following article are of great concern.
We must also remember Nostradomus The man who saw tomorrow. The best thing he said was that “Today’s actions can change even the predicted future “
What we think NOW is the next moment .
We must think and act positive NOW NOW NOW as we can not allow the Global Financial System to collapse.
The replacement of Gold by the faith and the trust of the people of America behind the Dollar
Has infact brought great progress and innovations in the Financial World though there might have been some flaws and critics too .
The bankers at Kekyll Island Stratgegised the Donning of the Cartelization in the world. Rockefeller the senior is quoted as having said “Competition is Sin “. The competitors at Jekyll Island retreat became friends and associates and created the Great FED which allows them to create money out of thin air.
For more visit   http://www.mindbodynsoul.com/Mind/Financially_Leverged_Buyouts.html
Creature from the Jekyll Island at www.amazon.mindbodynsoul.com
Secrets of the Temple at              www.amazon.mindbodynsoul.com       
Like we say save the Planet Mother Earth from the Global warming          
We should also say protect the Global Financial and Banking System as it
Is the power of money and innovations which can help do wonders?
Are you listening our ALCHEMISTS OF UNIVERSAL FINANCE?
The larger responsibility lies on you NOW to have a secured
Abundant and Affluent tomorrow’s Human Generations of ours .
Finance is the oldest profession on the Earth. It has existed from
the barter trade times to today’s times and will keep on existing as long as the Universal light glows, Sun shines and Moon illuminates in the Cosmos.
Maria Jeeves Global investment banks are taking ever more risk, and are devising
ever more sophisticated ways of spreading it, says Henry Tricks
Is that reassuring or worrying ? Since 1823, when Byron’s Don Juan described “Jew
Rothschild, and his fellow Christian Baring” as the “true Lords of
Europe”, investment bankers have inspired awe, envy and, rightly or
wrongly, a measure of disdain. Exactly 100 years ago the undisputed
patriarch of the modern industry, J. Pierpont Morgan, stemmed the
Panic of 1907, a financial crisis caused by unregulated trusts (the
hedge funds of their day). Acting, in effect, as lender of last
resort from his Wall Street office, he was briefly feted before
Americans realised the danger of having such power vested in one
man. Cartoonists then mercilessly mocked him. After his death in
1913 the Federal Reserve was set up. The investment-banking industry was further constrained during the
Depression of the 1930s, when Wall Street firms such as that founded
by Morgan were split into commercial banks and securities houses.
The latter—today’ s investment banks—underwrite stocks and bonds and
advise companies on mergers and acquisitions, rather than collect
deposits and make loans. In the 1980s and 1990s they developed a
reputation for gluttonous excess. But a lot has changed since then. Intensely private partnerships have become publicly traded
companies. Commercial banks such as Citigroup and JPMorgan Chase
have muscled back into investment banking. And European warhorses
such as Deutsche Bank, UBS and Credit Suisse have joined the race
for global supremacy. The bets, and the profits, have got bigger,
though investment banks are trying to keep quiet about that, for
several reasons. First, they are under more scrutiny. Wall Street firms had their
wings clipped by Eliot Spitzer, New York’s former attorney-general,
for plugging worthless shares during the dotcom era. Being publicly
traded companies has tamed some egos, too. Star traders do not enjoy
the same headroom on salaries (albeit very large salaries) as they
did when they were partners in the business. At UBS, a Swiss bank
which in 2000 moved into the American equity markets by merging with
PaineWebber, a brokerage, “fiefs” are explicitly banned. Richard
Fuld, boss of Lehman Brothers, a fast-growing Wall Street firm,
imposed a “one-firm culture” when it was spun off from American
Express in 1994. Now, says Scott Freidheim, a top executive, Mr Fuld
uses “culture” in speeches more often than any other word
except “the”. Meanwhile another group has overtaken the investment banks in the
excess stakes: their money-spinning clients in the private-equity
and hedge-fund industries. Already they throw the biggest parties,
do the boldest deals and launch the most celebrated initial public
offerings. The IPO of part of Blackstone, a private-equity group,
might well raise more money than Goldman Sachs’s did in 1999, when
even the company’s doormen and drivers became extremely rich. Yet when investment bankers discuss the fabulous fortunes accruing
to these firms’ founders, they do so without envy. “Theirs is a
truly pioneering role,” says Anshu Jain, head of global markets at
Deutsche Bank, one of the world’s top trading banks. “Pioneers in
any industry get a disproportionate share of the spoils.” Even if they are no longer the pioneers, the investment banks have
played a crucial part in bringing about the extraordinary changes
seen in the financial markets, starting in the 1980s and
accelerating dramatically in the past five years. Technology and
innovation have brought unprecedented breadth, depth and richness to
financial instruments. According to McKinsey, a consultancy, the
stock of shares and public and private debt securities held in
America grew from 2.4 times GDP in 1995 to 3.3 times in 2004. In
Europe the increase was even more dramatic, albeit from a lower
base. These figures do not include derivatives, notional amounts of
which traded privately, or “over-the-counter” securities, which had
soared to $370 trillion by last June, from $258 trillion less than
two years earlier, according to the Bank for International
Settlements (BIS). Given such torrid growth, the markets are
becoming increasingly vital to global financial stability. There have been thrills and spills along the way. The stock market
crash of 1987 and the seizing up of credit markets after Russia
defaulted in 1998 both exposed huge flaws in the industry, forcing
central banks to step in to prevent what they feared might be
lasting damage to the real economy. Even so, regulators reckon that
on balance the growth of markets has been a good thing, making the
financial system safer than more traditional forms of bank lending.
The trouble is that given the complexity of the new instruments and
the range of clients and countries involved, they can never be
absolutely sure that a monumental crisis is not brewing somewhere. What worries both bankers and regulators is not so much the threat
from hedge funds or private-equity groups but the implications for
the financial system of a possible collapse of an investment bank
(or large complex financial institution, as they clumsily call it).
At a time when America’s housing market has exposed the danger of
overexcitement on Wall Street, it is worth exploring how these
institutions are evolving, how they handle the risks attached to
what they do, and how well those risks are spread around the
financial system. That is what this survey sets out to do. Risk-takers Anonymous
Investment banking is in a state of evolution rather than
revolution. The essence of the business has always been taking
calculated (and sometimes miscalculated) risks. But now traders
place bets in more places, with more clients and using more
complicated gambling devices than ever before. Brokerage used to be described as a haulage business, lugging money,
as a member of the Rothschild dynasty once put it, “from point A,
where it is, to point B, where it is needed”. The idea of describing
themselves as glorified delivery men may well still appeal to the
cynics on the trading floor who work with shirtsleeves rolled up and
hail each other loudly in Brooklyn or mock cockney accents. But any
haulage firm would be flabbergasted by the trading profits and
returns on equity seen in investment banking in recent years,
especially among Wall Street’s big “bulge-bracket” firms. Svilen
Ivanov, head of capital markets at Boston Consulting Group, notes
that earnings from capital-market- related activities at the top ten
global investment banks have risen by almost two-thirds in two
years, from $55 billion in 2004 to $90 billion last year. That sort
of profit increase is comparable with Apple’s rewards for inventing
the iPod, he points out. Yet in investment banking there is nothing
nearly so tangible to which to ascribe the gains. Bankers themselves are fuzzy about explaining their trading profits,
bandying about phrases such as “deploying our intellectual capital”.
But it is clear that three powerful forces are at work, all of them
overlapping and mutually reinforcing, and all fundamental to the
gushing liquidity the world is currently enjoying. The first is the alchemist’s trick of turning debt (mostly leaden)
into derivatives (mostly liquid); the second is the emergence of a
new class of leveraged client (hedge funds and private equity); and
the third is seeking out new capital markets, and clients, around
the world. Moreover, in all these pursuits the firms are now using
not just their clients’ money but, to differing degrees, their own
too. Joseph Perella, an industry veteran who last year struck out
independently with an advisory boutique, Perella Weinberg, observes
that putting a firm’s own capital into mergers, acquisitions and
other transactions is one of the biggest changes in investment
banking since the 1980s. “It’s not just one firm sticking its neck
out. It’s across the board.” But using the banks’ own capital creates potential conflict. Not
only do they risk putting their own interests before those of their
clients; they are also increasingly exposing themselves to the
dangers of an abrupt turn in the credit cycle. They are arranging
ever bigger debt issues for private-equity firms and hedge funds and
so are encouraging a borrowing binge that could breed financial
instability. For the time being all this is hugely profitable. But
it is also making the banks far too complacent for their own good. The driving force behind all this has been an unusually benign
economic climate. The global economy is at its least volatile since
the 1960s, real interest rates are low and companies are generating
huge profits. What some call “the great moderation” has been a boon
to financial markets around the world, particularly those trading in
the multifarious debt instruments concocted in the laboratories of
Wall Street and the City of London. The opening up of Asian
economies has brought down the price of traded goods, helping to
fight inflation. Meanwhile, high savings rates in that part of the
world, combined with ageing populations in the West, have helped to
push up demand for long-term investment instruments such as bonds. At the same time the search for yield, as investors seek to
compensate for low returns in high-quality markets such as
government bonds, has increased demand for instruments of greater
complexity, such as credit-default swaps (CDSs), collateralized debt
obligations (CDOs) and other derivatives. That has pushed down
implied volatilities to multi-year lows, arguably making the assets
appear more reassuring than they actually are. Regulation has helped, too. Under the Basel 2 banking accord, whose
trickier provisions are due to come into force in the European Union
next January and in America starting a year later, capital will be
allocated according to the riskiness of assets. That has encouraged
banks to make more use of credit derivatives to diversify their
credit portfolios, and to sell more assets into the capital markets
to be repackaged into debt securities. All of which means that investment banks have generated many of
their trading profits from derivative trades—with each other, with
their banking clients or with hedge funds which increasingly use the
instruments as speculative tools. The demand for loans to repackage
into securities, such as CDOs, has helped fuel the generous credit
conditions that have underpinned private equity’s leveraged buy-out
(LBO) boom as well. The wild east
To cap it all, over the past few years markets around the world have
opened up in a way unmatched since before the first world war, and
investment banks have seized the opportunity to expand
internationally. Since the start of the 20th century, when America
first emerged as an economic power, the world’s financial-market
activity had increasingly gravitated towards American share and bond
markets. The introduction of the euro in 1999, and the rapid growth
of economies in Europe and Asia, lured investment bankers in the
other direction. The share of investment-banking fees earned from
Europe was growing long before America’s regulators woke up to the
damage caused to American markets by aspects of the Sarbanes-Oxley
act and other red tape. Last year, by some estimates, revenues from
Europe and Asia overtook those from America for the first time (see
chart 2). In the meantime London has become an impressive rival to New York as
a global financial centre. Michael Klein, the boss of corporate and
investment banking at Citigroup, describes Britain’s capital as New
York, Chicago, Houston and Washington, DC, rolled into one, because
it trades all the assets of the first three and is regulated on the
spot as well. Instead of Greenwich, Connecticut, it has Mayfair for
hedge funds. London, moreover, is a hub for Europe, and stronger
economies on the continent mean growing markets for capital;
typically, such markets increase at double the rate of GDP when
economies expand. London’s position as a springboard for emerging markets vastly
increases its allure. America and Europe between them may still
account for almost four-fifths of all investment-banking revenues,
but fees are growing fastest in the developing world. That reflects
the might of companies such as Gazprom, Russia’s energy behemoth,
and the recently listed Industrial and Commercial Bank of China,
which Mr Klein admits are both vying with Citigroup in size. He
notes that 140 of Citigroup’s top 1,000 clients are from emerging
markets, whereas 15 years ago the number was only 40. Russia and
China are among the world’s biggest IPO markets. And many developing
countries are seeking to strengthen their domestic capital markets,
which means that the biggest global investment banks—such as Citi—
hope eventually to deploy enormous resources there: trading desks of
perhaps 1,000 people, not 25. Given the markets’ increasing complexity, how do investment banks
manage the growing risks they face? There are lots of things they
need to do, from finding enough brainboxes capable of handling the
intricate assets being created to measuring the correlations between
instruments that are supposed to spread risk but may do the opposite
if liquidity dries up. It is mildly reassuring that hardly a week
goes by without regulators in the world’s main markets pressing the
industry to improve its risk-management techniques—but rather
worrying that the same regulators pay considerably less attention to
where the risk may end up. Maria Jeeves
Investment bankers themselves have a vested interest in not blowing
up their firms. The biggest banks are thought to be investing
hundreds of millions of dollars a year in technologies to measure
risk and stress-test it. Comfortingly, regulators who scrutinise the
banks’ risk-weighted capital say it is stronger than ever. But
capital is only one line of defence. The banks’ ability to cope with
liquidity crises and credit crunches is harder to gauge. Financial markets send out mixed messages about the confidence of
investors in the institutions themselves. The investment banks’
share prices appear to reflect the belief that their equity will be
safeguarded rather than that earnings will be stable. As David
Viniar, chief financial officer of Goldman Sachs, puts it, the firm,
whose risk appetite is second to none, has increased revenues in 18
out of the past 21 years, but quarterly income has been more
volatile. “It’s a growth business and it’s not going to get more
stable,” he says. Taking risks and managing them is an investment bank’s core
business. Bankers believe risk-taking is how their industry supports
entrepreneurs and hence economic growth. The trouble is that new
risks are almost invariably explored before there is a good way to
measure them. Ultimately, business and credit cycles tend to reveal which risks
are excessive—and whatever junior traders may think, the business
cycle is far from dead. Richard Portes, professor of economics at
the London Business School, recalls first debating its possible
demise back in 1969. Since then he has discovered a comment by Leon
Fraser, an American banker, speaking after the great crash of 1929,
which convinced him that boom-bust cycles in finance will always be
with us. Mr Fraser’s immortal words were: “Better to have loaned and
lost than never to have loaned at all.” Copyright © 2007 The Economist Newspaper and The Economist Group.
All rights reserved. Source   aaykarbhavan@yahoogroups.com
             http://www.Currentnewsaffairs.com

TIGER ROARS

Tuesday, May 1st, 2007
Anil Ambani CHAIRMAN  Reliance Communications Ltd., India’s second-largest mobile services firm on way to be Global number one , said on Monday quarterly profit more than doubled, beating forecasts, on higher usage in the world’s fastest-growing mobile market. Reliance Com , which gets more than 65 percent of its revenue from wireless subscribers, said it plans to spend over 100 billion rupees ($2.4 billion) in the current fiscal year that began on April 1 to expand its telecoms infrastructure. The firm, which had more than 28 million users at end-March, said net profit for the quarter grew 154 percent to 10.24 billion rupees, beating a Reuters survey of nine brokerages which forecast on average 9.02 billion. The company said it would take a decision in the next six months on “unlocking value” in its Reliance Telecom Infrastructure unit, and a potential listing of undersea cable unit Flag Telecom. “We have a number of options in front of us. Listing is one of those options,” Chairman Anil Ambani told reporters at a news conference. Strategic partnerships or private equity investment in these two units were also being considered, Ambani said. He added the firm would aim to sustain its expansion in operating margins, which grew to 40 percent in 2006/07 from 24 percent a year earlier. “We have seen margin expansion across the board … Our objective is for sustainability.” Revenue for the quarter rose almost 33 percent to 39.37 billion rupees, but fell short of market estimates of 40.86 billion. Larger rival Bharti Airtel Ltd. last week reported its quarterly profit almost doubled to 13.53 billion rupees. Ambani said the company would also decide in the next two months on outsourcing its network and information technology services to enhance the quality of service. “We are at a negotiating stage with all the global dealers,” he said, adding that the deal value would be “hundreds of millions of dollars.” India has 12 telecoms firms which offer fixed-line and mobile services on GSM and CDMA platforms. In February, Vodafone bought a controlling stake in unlisted Hutchison Essar, India’s fourth-largest cellular operator. “I don’t see Hutch going away and Vodafone coming in its shoes should not really make a very big impact on the telecoms sector,” Ambani said, when asked about how the company would tackle competition from Vodafone. Shares in Reliance Communications rose 3.7 percent to 477.10 rupees in a Mumbai market that closed 0.26 percent down. The shares fell 10.9 percent in the January-March quarter, pressured in part by a failed bid for Huchison Essar, compared with a 5.2 percent drop in the benchmark index. Source Reuters Universal News Suggestions Tiger WE love you and ask of you tokeep roaring loudly for BHARAT Prince Mohan http;//currentnewsaffairs.com  

ESOP Havoc In India Budget Proposal

Thursday, March 8th, 2007
The E`sob’story
March, 08th 2007
The incongruity of the tax basis arises largely from the fact that, unlike in any other country, India now seeks to tax the employer for a benefit/income which accrues to the employee, most of it without the employer having granted it or having any control over it.
      The recent proposal in the Budget for levying Fringe Benefit Tax (FBT) on employers Employees Stock Option Plans (ESOPs) is a complete reversal of the policy on the issue in place over the last 5-6 years. The current scheme exempts employees from taxation if they sell the scrips got in an ESOP plan within one year from exercise. The proposed amendment throws up issues of technical interpretations and the tax impact for the employer. Some of these may become clearer once the rules prescribing the Fair Market Value (FMV) for the purpose of valuing fringe benefits are notified. But till such time employers are saddled with a problem they never bargained for and will have to work out solutions to mitigate the unexpected problems. This article aims to briefly list out the harshness or multiple-wammy created by the introduction of this new provision. It also looks at the reasons which seem to be prompting the Finance Minister to introduce such changes and suggest some alternatives which may lead to a more rational way of taxation, should the Finance Minister wish to take away the concessional tax treatment granted to ESOPs. Key concerns   The key concerns from the employer’s perspective are: To start with, the employer suffers a hit to its Profit and Loss Account of the notional benefits to the employee at the time of the grant of the ESOP, equal to the discount in relation to the prevailing market value. While the P&L takes a hit, there is a question mark on the deductibility of such “expense” for the purposes of computing employer’s taxable income. On top of that, the employer is required to pay the FBT not only on the discount at the time of the grant but also in the appreciation of the value of shares in future (over which the employer has no control). To compound matters, such FBT paid by the employer is not tax-deductible and effectively equal to much higher post-tax expenditure. Further, as a lot of these employees who receive ESOPs may be mobile and render services in different tax jurisdictions between the grant and exercise of the stock option, they may end up having tax obligation abroad on some part of the benefits arising out of the ESOPs. While they may not themselves suffer double taxation, there would be an economic double taxation on account of the FBT paid by the employer not being creditable against the tax paid by the employee abroad. Lastly, foreign companies having presence in India by way of a branch/Permanent Establishment/ presence of employees may also end up having additional burden of tax by way of FBT on ESOPs, thereby substantially raising their effective tax in India. Interpretational issues   Apart from the above, quite a few interpretational issues are being debated in industrial/professi onal circles, andinclude: Will the FBT for employer be 33.99 per cent or a lower rate, based on valuation rules to be prescribed? What is the cost basis for employee for the purposes of determining capital gains when the options are sold at a later date? In fact, some quarters are also debating whether the proposed amendments will take away the obligation of the employees for payment of taxes on the stock option. Can the employer contractually/ tax-efficiently recover the FBT from the employee? Leaving aside the interpretation issues for the moment, it is suggested that, at a conceptual level, if the benefits of stock options are to be taxable, the levy must fall on the person deriving the benefit. Even where the benefit is sought to be taxed in the hands of the giver, it should be limited to the extent of the benefit granted and not beyond that. Such a scheme of taxation should also provide for matching deduction and credits so that economic double/multiple taxation is avoided. Unless such equity is bought about in the taxation, the concept of stock option may have a premature demise.               Suggested changes   In the light of the above, conceptually, the following changes should be considered by the Government in the scheme of stock option taxation: The FBT on the employer, if at all, should be limited to the discount to the market value on the date of the grant, as is required to be debited in the books of accounts under the accounting standards/guideline s applicable. Correspondingly, such expenditure should be clearly allowable as a deduction against the taxable income of the employer. Any forfeiture of such options resulting in disentitlement for the employee and reversal of such benefits should culminate in a corresponding deduction in the FBT obligations in future. The benefit to the employee in the appreciation of the share price over the exercise price may, if at all, be taxed in the hands of the employee at the time of the exercise. However, ideally, as the employee does not realise any gain at that stage, there should be no taxation then, but only post ultimate sale of shares. When such profit, which is in the nature of capital gains, accrues, it should be treated just like capital gains on shares, as applicable to any other investor. Given the importance of stock options to the growing economy of India, which is competing to reward its human resource, the industry should make a strong representation to the Finance Minister to withdraw the proposed amendments or to introduce a grand-father clause which seeks to apply the changes in law only prospectively. Nikhil Bhatia
(The author is Partner, BSR & Co, Mumbai.) Observations Nikhil Bhatia has rightly said Given the importance of stock options to the growing economy of India, which is competing to reward its human resource, the industry should make a strong representation to the Finance Minister to withdraw the proposed amendments or to introduce a grand-father clause which seeks to apply the changes in law only prospectively. Industry must protect the interests of the new generastion as the ESOPs are by and large given in the high tech areas of business . I f these are not protected there is a possibilty of more talent migrating from India to those countries where such taxes are not imposed . The August body of Parliament must DISAAPROVE this proposal of the Honourable FM to allow the wealth creation by those who help companies create intellectual and physical properties which are the present and future wealth of our nation . EVERYONE must read INDIA DEBATES-WHY SHOULD INDIA NOT GET THE PATENT OF “ARYABHATS” “ZERO   at http://blogs.mindbodynsoul.com/wp-admin/edit.php?paged=4 If you can’t support the R & D at least donot disturb whatever is going on . Be Blessed Her Holiness Maha Maya Ananta http://www.mindbodynsoul.com  

A current newsPHILOSOPHY WHICH ENVELOPES

Tuesday, January 23rd, 2007

Dear Children of GOD ,
Blessings of the Universal Soul the Universal Father .
We bring to your knowledge a very great source of
information on health wealth and wisdom . This source
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in your daily life .
A PHILOSOPHY WHICH ENVELOPES THE INFINITE KNOWLEDGE
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Technology, High Blood Pressure, Current Affairs, News, Telekinesis,
Heart, Photography, Ego, Brands, Advertising, Cinema, Society, Virtual
World, Internet, Communications, Public Speaking, Prayers, Courage and
Confidence, Free Downloads, Time, Aids, People, Blogs… More
The Univeral Abundance And Affluence awaits you .
Just vist http://www.mindbodynsoul..com
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BE BLESSED
HER HOLINESS MAHA MAYA ANANTA

CITIZEN JOURNALISTS FREELANCE

Sunday, January 21st, 2007

BE A PROUD HINDU – Announce to the world that we have arrived with rejuvinated energy and Super Power. We are the largest Democracy in the Universe Human Beings know of.

Hinduworldtoday.com is being launched very shortly as a news portal of the Hindus for the Hindus by the Hindus.

Hindus are world’s foremost democratic, secular and spiritual society and welcomes the whole Universe.

We are looking for free lance Hindu citizen journalists, reporters, correspondents, bureau chiefs and country heads from all parts olf the world to participate and to contribute their thoughts and environments around them to highlight the achievements of Hindus. Suggestions for making the Hindus  in the world as the most dynamic ,vibrating ,abundant and affluent society which can help create peace ,love , unity ,brotherhood in the world and erase poverty and disease from the face of the heavenly planet mother earth.

Hindus constitute a billion plus approximately, fifth of the world’s population today and with the fertile technology minds combined with the universal, spiritual, vibrating, dancing, life force energy are in a position to change the shape of the world for betterment of the generations to come.

When you have so much of the GOD\S energy and power then it is our duty to help the Creator Create a world full of his love and grace.

Join the huge stream flowing from the universal soul our father .Freedom and self respect is our birth right and we have it. We want every human being to be a free person in the world as we all come from the same father.

 

Maha Maya Ananta,

 

Visit: http://www.hinduworldtoday.com

          

Apply with bio-data to pfcl2@yahoo.co.in 

P .S.  You can also have a free listing in the directory at www.hinduworldtoday.com 

 

Press Release by http://blogs.mindbodynsoul.com      

 

THE LARGEST DEMOCRACY IN THE UNIVERSE INVITES ONE AND ALL WHOLE HEARTEDLY  TO JOIN AND SHAPE A NEW WORLD FOR OUR CHILDREN WHICH IS FULL OF PEACE , PROSPERITY , ABUNDANCE AND AFFLUENCE OF THE UNIVERSAL SOUL OUR ORIGIN AND FATHER ,

                                                                                                             

                             

           

America cannot win a war

Friday, January 19th, 2007
The hard core truth is that America can not win a war
in today’s time of disunion . Importantly America can not
fight the ground level wars without which even Alexander
the GREAT could not have conquered Babylon and other
countries .
Today is Now which is the time of technology and the seperiority
can not remain one sided .
We now live in a Global Village created by Dear Bill Gates and we
must all appreciate every one’s contribution to the Heavenly Planet
Mother Earth .
Let us rise above the religions , politics of greed , power , ego ,
selfishness and have a FAMILY REUNION OF THE WHOLE PLANET HEAVENLY MOTHER EARTH .
Do not wait for some extra terrestrial civilisation or comet power to descend and threaten and force us to be one to fight them in unity . Preserve the UN and the Planet and it’s civilisation which has a history
older than the Historians were born to document what they were dictated
by the Victors of their times . Time is ripe for the world policeman to unite the whole world or else his
title will shortly become meaningless and powerless . HER HOLINESS MAHA MAYA ANANTA http://commonwealthtv.tv

World’s smallest country with sea view - FOR SALE

Tuesday, January 9th, 2007
LONDON, Jan 8 (Reuters Life!) - For sale: the world’s smallest country with its own flag, stamps, currency and passports. Apply to Prince Michael of Sealand if you want to run your own nation, even if it is just a wartime fort perched on two concrete towers in the North Sea. Built in World War Two as an anti-aircraft base to repel German bombers, the derelict platform was taken over 40 years ago by retired army major Paddy Roy Bates who went to live there with his family. He declared the platform, perched seven miles off the east coast of England and just outside Britain’s territorial waters, to be the principality of Sealand. The self-styled Prince Roy adopted a flag, chose a national anthem and minted silver and gold coins. The family saw off an attempt by Britain’s Royal Navy to evict them and also an attempt in 1978 by a group of German and Dutch businessmen to seize Sealand by force. Roy, 85, now lives in Spain and his son Michael told BBC Radio on Monday his family had been approached by estate agents with clients “who wanted a bit more than a bit of real estate, they wanted autonomy.” He suggested Sealand, which has eight rooms in each tower, could be a base for online gambling or offshore banking. Asked to describe the delights of living on what he described as a cross between a house and a ship, the 54-year-old said: “The neighbors are very quiet. There is a good sea view.” Apply to Prince Michael of Sealand if you want to run your own nation, even if it is just a wartime fort perched on two concrete towers in the North Sea. Built in World War Two as an anti-aircraft base to repel German bombers, the derelict platform was taken over 40 years ago by retired army major Paddy Roy Bates who went to live there with his family. He declared the platform, perched seven miles off the east coast of England and just outside Britain’s territorial waters, to be the principality of Sealand. The self-styled Prince Roy adopted a flag, chose a national anthem and minted silver and gold coins. The family saw off an attempt by Britain’s Royal Navy to evict them and also an attempt in 1978 by a group of German and Dutch businessmen to seize Sealand by force. Roy, 85, now lives in Spain and his son Michael told BBC Radio on Monday his family had been approached by estate agents with clients “who wanted a bit more than a bit of real estate, they wanted autonomy.” He suggested Sealand, which has eight rooms in each tower, could be a base for online gambling or offshore banking. Asked to describe the delights of living on what he described as a cross between a house and a ship, the 54-year-old said: “The neighbors are very quiet. There is a good sea view.”