Need damage control before the Dangers of downwards spiral of Deflation appears

Need damage control before

the Dangers of downwards spiral of Deflation appears

NEW YORK, Dec 30 — Comparisons between the United States today and Japan in the early 1990s just keep growing. The Japanese call that period the “Lost Decade”, as it was marked by anaemic growth, plummeting prices and the lingering death of insolvent banks. There was, however, one product everyone wanted: a safe. If you couldn’t trust banks to hold your savings intact, why not do it yourself?

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AP:Activists calling for release of Suu Kyi arrested

YANGON, Myanmar (AP) — Nine activists were arrested in Myanmar’s commercial capital Tuesday during a march calling for the release of Nobel Peace Prize laureate Aung San Suu Kyi, witnesses said.

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Piratization, disguised as Privatization

Piratization, disguised as Privatization 

 

The so-called ‘privatisation’ was a public policy which was begun by governments all over the world around the late 1970s and early 1980s on the assumption that there were some tasks that the private sector could perform and manage better than the public sector.

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Privatization

Privatization

 

Privatization is the incidence or process of transferring ownership of business from the public sector (government) to the private sector(business). In a broader sense, privatization refers to transfer of any government function to the private sector including governmental functions like revenue collection and law enforcement. [1]

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Irrawaddy:UN Offers Development Aid in Exchange for Political Prisoners

By:WAI MOE

The United Nations has offered the Burmese military government a financial incentive to release the more than 2,000 political prisoners who languish in Burmese jails and initiate democratic change in the country, according to a Washington Post report on Sunday.

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Nearly 320 killed in Israeli blitz of Gaza

             Mass funerals

By Mai Yaghi – GAZA CITY

Israel bombed Gaza for a third day on Monday in an “all-out war” on Hamas, as tanks massed on the border and the Islamists fired deadly rockets to retaliate for the blitz that has killed nearly 320.

Anger over the mammoth bombing campaign spiralled in the Muslim world, UN Secretary General Ban Ki-moon again deplored the violence, and efforts to hold talks between Syria and Israel were suspended as a result of the bombardment.

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