It is shocking and yet so touching! Makes me count my blessings for sure
Check this out!
Tuesday, February 20, 2007
Thursday, February 15, 2007
Vulture Funds
Money! Guess that is the only truth for most of the human race. On one hand, we squander all our savings on petty things like flowers and chocolates for our loved ones while on the other, the only thought running through our mind is how to get a bigger piece of the pie.
Till I read this article on BBC, I did not know that such things as Vulture Funds existed. Vulture Fund companies buy the debts of countries that are in bankruptcy situations. These companies buy the securities for a factor of what they are worth and then try to get back the amount by suing the debtor for an enormous amount.
Consider a poor country like Zambia. They took a loan to buy tractors from the Romanian Government and now the Vulture Fund company is suing them for $42m. According to the article, it was the Romanian government that had given Zambia the loan and then they sold the securities to the Vulture Fund company for less than $4m.
In this era of decadence, it is no surprise that Vulture Funds seem to thrive by preying on the weak and the needy. Allegations are rampant that it is the politicians themselves of the affected countries who allow this happen. Talk about 31 pieces of silver. In Zambia, there are allegations that the deal was made possible by bribing the former President of Zambia. Documents show a huge contribution to the former President's 'favorite charity'.
If only the world governments would take a strong stance against such immoral companies. As far as I am concerned, this is more much more dangerous and terrifying than some country developing nuclear weapons.
Till I read this article on BBC, I did not know that such things as Vulture Funds existed. Vulture Fund companies buy the debts of countries that are in bankruptcy situations. These companies buy the securities for a factor of what they are worth and then try to get back the amount by suing the debtor for an enormous amount.
Consider a poor country like Zambia. They took a loan to buy tractors from the Romanian Government and now the Vulture Fund company is suing them for $42m. According to the article, it was the Romanian government that had given Zambia the loan and then they sold the securities to the Vulture Fund company for less than $4m.
In this era of decadence, it is no surprise that Vulture Funds seem to thrive by preying on the weak and the needy. Allegations are rampant that it is the politicians themselves of the affected countries who allow this happen. Talk about 31 pieces of silver. In Zambia, there are allegations that the deal was made possible by bribing the former President of Zambia. Documents show a huge contribution to the former President's 'favorite charity'.
If only the world governments would take a strong stance against such immoral companies. As far as I am concerned, this is more much more dangerous and terrifying than some country developing nuclear weapons.
Wednesday, February 07, 2007
French or nothing
I have blogged about languages before and I have always been surprised by the way some people pick up a language so easily and how some people choose not to.
But a whole nation protesting against a language? Now doesn't that sound weird? Yea am talking about the French! The way they insist that companies who want to do business in France should not impose their culture (meaning - learn French or nothing) sounds so kiddish. I mean, when they insist on something of that sort, are they not imposing French on others? Does it not amount to the same thing?
Everyone knows that English is preferred by a lot of countries as the common medium of communication. By turning they back on the masses, I wonder if they are not shutting the doors on a lot of business opportunities. Their unemployment rates are nothing to be proud of as such.
Read this to know what I am talking about.
But a whole nation protesting against a language? Now doesn't that sound weird? Yea am talking about the French! The way they insist that companies who want to do business in France should not impose their culture (meaning - learn French or nothing) sounds so kiddish. I mean, when they insist on something of that sort, are they not imposing French on others? Does it not amount to the same thing?
Everyone knows that English is preferred by a lot of countries as the common medium of communication. By turning they back on the masses, I wonder if they are not shutting the doors on a lot of business opportunities. Their unemployment rates are nothing to be proud of as such.
Read this to know what I am talking about.
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