Wednesday, October 29, 2008

Malaysia to impose Fatwa against Yoga

Yoga is
becoming very popular in recent times and its followers are increasing
all over the world. The soaring popularity of yoga could be gauged
by the skyrocketing sales of yoga books, classes and equipment all over
the world.


Yoga is a traditional exercise devised by the sagea and hermits of
Hindu religion but now it is spread across all religion with big
followers in Islam and Christanity.


Fearing the growing popularity of yoga the National Fatwa Council of
Malaysia has decided to ban yoga exercise soon. They feel that Muslims
who have taken up yoga to stop practising it for fear that it could
deviate their belief.






Yoga may soon be outlawed in Malaysia, if a prominent body of
clerics which is planning to issue a fatwa on the practice, has its
way.

Malaysia's National Fatwa Council is going to impose
Fatwa on Yoga after Zakaria Stapa, a lecturer of University of
Kebangsaan's Islamic Studies Centre, yesterday advised Muslims who have
taken up yoga to stop practising it fearing that it could deviate their
belief, local news reports said.

"A ruling would be made by
the council's Chairman, Abdul Shukor Husin, in this regard," Deputy
Director-General of the Department of Islamic Development Malaysia,
Othman Mustapha, quoted as saying by New Straits Times online edition.

Friday, October 17, 2008

If you've lost all hope help is on the way


Lahde Quits Hedge Funds, Thanks `Idiots' for Success

Bloomberg.com: Worldwide
Lahde Quits Hedge Funds, Thanks `Idiots' for Success (Update1)

By Katherine Burton

Oct. 17 (Bloomberg) -- Andrew Lahde, the hedge-fund manager who quit after posting an 870 percent gain last year, said farewell to clients in a letter that thanks stupid traders for making him rich and ends with a plea to legalize marijuana.

Lahde, head of Santa Monica, California-based Lahde Capital Management LLC, told investors last month he was returning their cash because the risk of using credit derivatives -- his means of betting on the falling value of bonds and loans, including subprime mortgages -- was too risky given the weakness of the banks he was trading with.

``I was in this game for money,'' Lahde, 37, wrote in a two-page letter today in which he said he had come to hate the hedge-fund business. ``The low-hanging fruit, i.e. idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government.

``All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other sides of my trades. God Bless America.''

Lahde, who managed about $80 million, told clients he'll be content to invest his own money, rather than taking cash from wealthy individuals and institutions and trying to amass a fortune worth hundreds of millions or even billions of dollars.

``I do not understand the legacy thing,'' he wrote. ``Nearly everyone will be forgotten. Give up on leaving your mark. Throw the Blackberry away and enjoy life.''

Request for Soros

He said he'd spend his time repairing his health ``as well as my entire life -- where I had to compete for spaces at universities, and graduate schools, jobs and assets under management -- with those who had all the advantages (rich parents) that I did not.''

He also suggested that billionaire George Soros sponsor a forum in which ``great minds'' would come together to create a new system of government, as the current system ``is clearly broken.''

Lahde ended his letter with a plea for the increased use of hemp as an alternative source of food and energy that segued into a call for the legalization of marijuana.

``Hemp has been used for at least 5,000 years for cloth and food, as well as just about everything that is produced from petroleum products,'' he wrote. ``Hemp is not marijuana and vice versa. Hemp is the male plant and it grows like a weed, hence the slang term.''

`Innocuous Plant'

He added, ``The evil female plant -- marijuana. It gets you high, it makes you laugh, it does not produce a hangover. Unlike alcohol, it does not result in bar fights or wife beating. So, why is this innocuous plant illegal? Is it a gateway drug? No, that would be alcohol, which is so heavily advertised in this country.''

Lahde said the only reason marijuana remains illegal is because ``Corporate America, which owns Congress, would rather sell you Paxil, Zoloft, Xanax and other addictive drugs, than allow you to grow a plant in your home without some of the profits going into their coffers.''

Lahde graduated from Michigan State University with a degree in finance and holds an MBA from the University of California, Los Angeles. He worked at Los Angeles-based hedge fund Dalton Investments LLC before founding his own firm two years ago with about $10 million.

Lahde wasn't available for comment. A woman at his firm, who asked not to be identified, confirmed the authenticity of the letter.

To contact the reporter on this story: Katherine Burton in New York at kburton@bloomberg.net

Thursday, October 16, 2008

God wins in Nebraska Court

A Nebraska state senator last year filed a
lawsuit against God. Ernie Chambers sought an injunction against God
because of widespread death and destruction. Judge Marlon Polk has
thrown out the lawsuit. He says there's no way to properly notify the
defendant. You can't serve papers on a suspect with no address.
Chambers says he may appeal. He contends that God is aware of the
charges, since God is all-knowing.

This is litigation gone mad.
I've been thinking about Suing Road Runner for all the trauma he caused me.

Friday, October 10, 2008

Christopher Hitchens---America the Banana Republic

America the Banana Republic: Politics & Power: vanityfair.com
America the Banana Republic
The ongoing financial meltdown is just the latest example of a disturbing trend that, to this adoptive American, threatens to put the Land of the Free and Home of the Brave on a par with Zimbabwe, Venezuela, and Equatorial Guinea.
by Christopher Hitchens WEB EXCLUSIVE October 9, 2008

In a statement on the huge state-sponsored salvage of private bankruptcy that was first proposed last September, a group of Republican lawmakers, employing one of the very rudest words in their party’s thesaurus, described the proposed rescue of the busted finance and discredited credit sectors as “socialistic.” There was a sort of half-truth to what they said. But they would have been very much nearer the mark—and rather more ironic and revealing at their own expense—if they had completed the sentence and described the actual situation as what it is: “socialism for the rich and free enterprise for the rest.”
Dick Cheney

The Economic Consequences of Mr. Bush, by Joseph E. Stiglitz (December 2007)

The Sack of Washington, by Cullen Murphy (June 2007)

Empire Falls, by Niall Ferguson (October 2006)

I have heard arguments about whether it was Milton Friedman or Gore Vidal who first came up with this apt summary of a collusion between the overweening state and certain favored monopolistic concerns, whereby the profits can be privatized and the debts conveniently socialized, but another term for the same system would be “banana republic.”

Understanding the financial crisis--if it is possible

11 Things I Learned While Trying to Figure Out the Financial Crisis - 2parse/blog
11 Things I Learned While Trying to Figure Out the Financial Crisis
7
Vote!
www.wikio.com



Like a lot of people, I’ve been struggling to understand this financial crisis over the past few weeks. I don’t pretend to be an economic expert - I’ve always been more interested in foreign policy, politics and history - but the issue of this crisis is obviously so important, it seems that it is everyone’s responsibility to find out what went on, what caused this.

I also feel that this is an issue which is confusing our politics, our partisan impulses. Both the right and the left have many reasons to hate the bailout - yet the pragmatists on both sides agree that something must be done. Everyone is angry. Very few predicted this. I only came across a few who prominently warned about a crisis such as this - subscribers to the Austrian school of economics such as Ron Paul; liberal capitalists such as Warren Buffet and George Soros; and economists like Nassim Nicholas Taleb.

This crisis has succeeded in confusing ideological categories - which is probably part of the reason it has spwarned so many interesting and non-ideological takes, as people struggle to understand these momentous events in terms they are familiar with. (Here’s one ingenious example.) On the whole, Republican politicians instinctively trusted the market and although some attempted to reign in Fannie Mae and Freddie Mac, they saw no imminent threat to the financial system. A few Democrats saw the need for more oversight to prevent excessive risk-taking that might endanger the financial system; many more Democrats (especially as the party in Washington is dominated by neo-liberals), didn’t see the profit in warning of an unknowable future catastrophe. Those financial firms whose main purpose was to minimize risk and maximize profit accomplished this by reducing the risk of any individual transaction while placing greater and greater stress on the system - trading many small risks for a giant catastrophic risk. But theyse firms didn’t know this because the entire system was opaque and oversight was minimal. As long as things were going well, there was no reason to figure out what was going on.

Wednesday, October 08, 2008

Workers in Dubai treated like modern day slaves

Ghaith Abdul-Ahad visits the impoverished camps for the men building the skyscrapers of Dubai and Abu Dhabi | World news | The Guardian
'We need slaves to build monuments'
It is already home to the world's glitziest buildings, man-made islands and mega-malls - now Dubai plans to build the tallest tower. But behind the dizzying construction boom is an army of migrant labourers lured into a life of squalor and exploitation. Ghaith Abdul-Ahad reports

* Ghaith Abdul-Ahad
*
o Ghaith Abdul-Ahad
o The Guardian,
o Wednesday October 8 2008

Workers sleep on the street in Dubai

Workers sleep on the street in Dubai. Photograph: Ghaith Abdul Ahad

The sun is setting and its dying rays cast triangles of light on to the bodies of the Indian workers. Two are washing themselves, scooping water from tubs in a small yard next to the labour camp's toilets. Others queue for their turn. One man stands stamping his feet in a bucket, turned into a human washing machine. The heat is suffocating and the sandy wind whips our faces. The sprinkles of water from men drying their clothes fall like welcome summer rain.

All around, a city of labour camps stretches out in the middle of the Arabian desert, a jumble of low, concrete barracks, corrugated iron, chicken-mesh walls, barbed wire, scrap metal, empty paint cans, rusted machinery and thousands of men with tired and gloomy faces.

I have left Dubai's spiralling towers, man-made islands and mega-malls behind and driven through the desert to the outskirts of the neighbouring city of Abu Dhabi. Turn right before the Zaha Hadid bridge, and a few hundred metres takes you to the heart of Mousafah, a ghetto-like neighbourhood of camps hidden away from the eyes of tourists. It is just one of many areas around the Gulf set aside for an army of labourers building the icons of architecture that are mushrooming all over the region.

Behind the showers, in a yard paved with metal sheets, a line of men stands silently in front of grease-blackened pans, preparing their dinner. Sweat rolls down their heads and necks, their soaked shirts stuck to their backs. A heavy smell of spices and body odour fills the air.

Next to a heap of rubbish, a man holds a plate containing his meal: a few chillies, an onion and three tomatoes, to be fried with spices and eaten with a piece of bread.

In a neighbouring camp, a group of Pakistani workers from north and south Waziristan sit exhaustedly sipping tea while one of them cooks outside. In the middle of the cramped room in which 10 men sleep, one worker in a filthy robe sits on the floor grinding garlic and onions with a mortar and pestle while staring into the void.

Hamidullah, a thin Afghan from Maydan, a village on the outskirts of Kabul, tells me: "I spent five years in Iran and one year here, and one year here feels like 10 years. When I left Afghanistan I thought I would be back in a few months, but now I don't know when I will be back." Another worker on a bunk bed next to him adds: "He called his home yesterday and they told him that three people from his village were killed in fighting. This is why we are here."

Hamidullah earns around 450 dirhams (£70) a month as a construction worker.

How is life, I ask.

"What life? We have no life here. We are prisoners. We wake up at five, arrive to work at seven and are back at the camp at nine in the evening, day in and day out."

Outside in the yard, another man sits on a chair made of salvaged wood, in front of a broken mirror, a plastic sheet wrapped around his neck, while the camp barber trims his thick beard. Despite the air of misery, tonight is a night of celebration. One of the men is back from a two-week break in his home village in Pakistan, bringing with him a big sack of rice, and is cooking pilau rice with meat. Rice is affordable at weekends only: already wretched incomes have been eroded by the weak dollar and rising food prices. "Life is worse now," one worker told me. "Before, we could get by on 140 dirhams [£22] a month; now we need 320 to 350."

The dozen or so men sit on newspapers advertising luxury watches, mobile phones and high-rise towers. When three plastic trays arrive, filled with yellowish rice and tiny cubes of meat, each offers the rare shreds of meat to his neighbours.

All of these men are part of a huge scam that is helping the construction boom in the Gulf. Like hundreds of thousands of migrant workers, they each paid more than £1,000 to employment agents in India and Pakistan. They were promised double the wages they are actually getting, plus plane tickets to visit their families once a year, but none of the men in the room had actually read their contract. Only two of them knew how to read.

"They lied to us," a worker with a long beard says. "They told us lies to bring us here. Some of us sold their land; others took big loans to come and work here."

Once they arrive in the United Arab Emirates, migrant workers are treated little better than cattle, with no access to healthcare and many other basic rights. The company that sponsors them holds on to their passports - and often a month or two of their wages to make sure that they keep working. And for this some will earn just 400 dirhams (£62) a month.

A group of construction engineers told me, with no apparent shame, that if a worker becomes too ill to work he will be sent home after a few days. "They are the cheapest commodity here. Steel, concrete, everything is up, but workers are the same."

As they eat, the men talk more about their lives. "My shift is eight hours and two overtime, but in reality we work 18 hours," one says. "The supervisors treat us like animals. I don't know if the owners [of the company] know."

"There is no war, and the police treat us well," another chips in, "but the salary is not good."

"That man hasn't been home for four years," says Ahmad, the chef for the night, pointing at a well-built young man. "He has no money to pay for the flight."

A steel worker says he doesn't know who is supposed to pay for his ticket back home. At the recruiting agency they told him it would be the construction company - but he didn't get anything in writing.

One experienced worker with spectacles and a prayer cap on his head tells me that things are much better than they used to be. Five years ago, when he first came, the company gave him nothing. There was no air conditioning in the room and sometimes no electricity. "Now, they give AC to each room and a mattress for each worker."

Immigrant workers have no right to form unions, but that didn't stop strikes and riots spreading across the region recently - something unheard of few years ago. Elsewhere in Mousafah, I encounter one of the very few illegal unions, where workers have established a form of underground insurance scheme, based on the tribal structure back home. "When we come here," one member of the scheme tells me, "we register with our tribal elders, and when one of us is injured and is sent home, or dies, the elders collect 30 dirhams from each of us and send the money home to his family."

In a way, the men at Mousafah are the lucky ones. Down in the Diera quarter of old Dubai, where many of the city's illegal workers live, 20 men are often crammed into one small room.

UN agencies estimate that there are up to 300,000 illegal workers in the emirates.

On another hot evening, hundreds of men congregate in filthy alleyways at the end of a day's work, sipping tea and sitting on broken chairs. One man rests his back on the handles of his pushcart, silently eating his dinner next to a huge pile of garbage.

In one of the houses, a man is hanging his laundry over the kitchen sink, a reeking smell coming from a nearby toilet. Next door, men lie on the floor. They tell me they are all illegal and they are scared and that I have to leave.

Outside, a fistfight breaks out between Pakistani workers and Sri Lankans.

The alleyways are dotted with sweatshops, where Indian men stay until late at night, bending over small tables sewing on beads.

A couple of miles away, the slave market becomes more ugly. Outside a glitzy hotel, with a marble and glass facade, dozens of prostitutes congregate according to their ethnic groups: Asians to the right, next to them Africans, and, on the left, blondes from the former Soviet Union. There are some Arab women. Iranians, I am told, are in great demand. They charge much higher prices and are found only in luxury hotels.

Like the rest of the Gulf region, Dubai and Abu Dhabi are being built by expat workers. They are strictly segregated, and a hierarchy worthy of previous centuries prevails.

At the top, floating around in their black or white robes, are the locals with their oil money. Immaculate and pampered, they own everything. Outside the "free zones", where the rules are looser, no one can start a business in the UAE without a partner from the emirates, who often does nothing apart from lending his name. No one can get a work permit without a local sponsor.

Under the locals come the western foreigners, the experts and advisers, making double the salaries they make back home, all tax free. Beneath them are the Arabs - Lebanese and Palestinians, Egyptians and Syrians. What unites these groups is a mixture of pretension and racism.

"Unrealistic things happen to your mind when you come here," a Lebanese woman who frequently visits Dubai tells me as she drives her new black SUV. "Suddenly, you can make $5,000 [£2,800] a month. You can get credit so easy, you buy the car of your dreams, you shop and you think it's a great bargain; when you go to dinner, you go to a hotel ... nowhere else can you live like this."

Down at the base of the pyramid are the labourers, waiters, hotel employees and unskilled workers from India, Pakistan, Sri Lanka, Ethiopia, the Philippines and beyond. They move deferentially around the huge malls, cafes, bars and restaurants, bowing down and calling people sir and madam. In the middle of the day, during the hottest hours, you can see them sleeping in public gardens under trees, or on the marble floors of the Dubai Mosque, on benches or pieces of cardboard on side streets. These are the victims of the racism that is not only flourishing in the UAE but is increasingly being exported to the rest of the Middle East. Sometimes it reminds you of the American south in the 1930s.

One evening in Abu Dhabi, I have dinner with my friend Ali, a charming Iraqi engineer whom I have known for two decades. After the meal, as his wife serves saffron-flavoured tea, he pushes back his chair and lights a cigar. We talk about stock markets, investment and the Middle East, and then the issue of race comes up.

"We will never use the new metro if it's not segregated," he tells me, referring to the state-of-the-art underground system being built in neighbouring Dubai. "We will never sit next to Indians and Pakistanis with their smell," his wife explains.

Not for the first time, I am told that while the immigrant workers are living in appalling conditions, they would be even worse off back home - as if poverty in one place can justify exploitation in the other.

"We need slaves," my friend says. "We need slaves to build monuments. Look who built the pyramids - they were slaves."

Sharla Musabih, a human rights campaigner who runs the City of Hope shelter for abused women, is familiar with such sentiments. "Once you get rich on the back of the poor," she says, "it's not easy to let go of that lifestyle. They are devaluing human beings," she says. "The workers might eat once a day back home, but they have their family around them, they have respect. They are not asking for a room in a hotel - all they are asking for is respect for their humanity."

Towards the end of another day, on a fabulous sandy beach near the Dubai marina, the waves wash calmly over the beautiful sand. A couple are paragliding over the blue sea; on the new islands, gigantic concrete structures stand like spaceships. As tourists laze on the beach, Filipino, Indian and Pakistani workers, stand silently watching from a dune, cut off from the holidaymakers by an invisible wall.

Behind them rise more brand-new towers.

"It's a Green Zone mentality," a young Arab working in IT tells me. "People come to make money. They live in bubbles. They all want to make as much money as possible and leave."

Back at the Mousafah camps, a Pakistani worker walks me through his neighbourhood. On both sides of the dusty lane stand concrete barracks and the familiar detritus: raw sewage, garbage, scrap metal. A man washes his car, and in a cage chickens flutter up and down.

We enter one of the rooms, flip-flops piled by the door.

Inside, a steelworker gets a pile of papers from a plastic envelope and shoves them into my lap. He is suing the company that employed him for unpaid wages. "I've been going to court for three months, and every time I go they tell me to come in two weeks." His friends nod their heads. "Last time the [company] lawyer told me, 'I am in the law here - you will not get anything."

Economically, Dubai has progressed a lot in the past 10 years, but socially it has stayed behind," says Musabih. "Labour conditions are like America in the 19th century - but that's not acceptable in the 21st century."