₦airaland Forum

[quote author=Negro_Ntns link=topic=177487.msg3027238#msg3027238 date=1225609103]Ibime,

I didn't think it will be productive to respond to you with what I thought of your remarks but I want to be kind and share an article with you. I don't know how much personal money you have in investments in America but please take time to read Ms Klein's article. I hope you begin to see this bailout issue as a calamity and respond with such gravity of conscience as to show sympathy rather than a dismissive and cold remark that gives it justification on account of traditional cycles. There is nothing traditional about this at all and in terms of human experience this is actually a violation of peoples rights, one that the US would have championed valiantly so were it happening in Russia or China instead of its own soil.

http://www.naomiklein.org/articles/2008/10/bailout-profiteers[/quote]Negro, I don't know what your article is trying to say and how it affects the price of fish in the market. Infact, it was a long piece of story story story. All I can read is some allegations that the job of administering the bailout was given to Paulson's guys with no open bidding process involved. I would have you know that I do not care. I only care for expediency: whether that comes through delegation or bidding process, I don't care. All that matters to me is that I can get back into the market and whatever needs to be done to stop the bleeding and restore confidence should be done. That people will profit from the bailout is expected. That is the nature of capitalism. People also profit from building roads, but how does that change the fact that we need roads for transportation? As for the China and Russia example, you know, I lose interest when ideology enters a debate.

As for the auto-industry, I care not whether they are bailed out or not. That is a matter for Govt to decide whether they are in the national interest or not and whether they want Japan to pull ahead in the new era of fuel-efficient cars or not.

All that matters to me is that credit crunch is easing thanks to the bailout, LIBOR rate is going down and there is no longer much moral hazard in the market. There are no more rumours of banks collapsing as we had daily before the bailout.  The Bailout has worked. We have been hovering between 8500 and 9200 on the DOW for the last month and that indicates that we have hit the bottom. We will stay at this bottom for the next couple of months and then pick up again. Financials started this recession, and it has almost completed it's cycle, ending with Industrials. Financials and Consumer Cyclicals are showing signs of picking back up again and they will take us out of this recession, just like they started it. The economy cannot recover until the sector of the economy that caused the problem picks back up. It is a great time to invest and a great time for Obama to take over as President if he wins. This is not the first time we have had bailouts. The nature of our economy is such that lending is encouraged, and whenever the lenders are in trouble, Govt steps in. Hate it or love it, thats the nature of the game. You can go back in history to the S&L crisis. Our economic history is just a cycle of debt and bailout, debt and bailout, debt and bailout - especially where the financial sector is concerned. All this bailout stuff is not unprecedented. Capitalism must move on. Our economies are fuelled by debt and credit.

@ 4Play

So you are back? . . . . . the only Republican capable of holding a decent debate on Nairaland. . . . . let me adress your post, lest I let you misrespresent my views.

Firstly, I am a big fan of Reagan and Thatcher. . . . . . .I am a believer that if an economy goes too far left, it must move right to go back to the centre. . . . . this was the case with Reagan and Thatcher. . . . . I also believe that if the economy moves too far right, it must move back left. . . . . hence, more right-wing economics is not the answer to George Bush''s phock ups. . . . . . that is why it is the turn of the democrats this year. . . . . One thing I virulently hate is ideology. . . . thats why people like you, Tayo-D and Kobojunkie are a serious turn-off this year. . . . if the economy were too far left, I would be on your side of the argument, probably arguing against RichyBlack. . . . . it all depends on the state of play and where the economy is at the moment. . . . I am a centrist. . . . . . My posting of the article was to reflect my agreement on the theory of convergence as follows:

“The division between capitalist democracies in Western Europe and North America and communist states in Eastern Europe is fading. The nature of industrial society leads both types to converge towards a common center. Capitalist societies are becoming more organized and managerial, communist societies more open to market methods and to greater political and civil freedom”.

Everything else, I skimmed over.

As for the actual statistics of Reagan's performance, I am not a pedantic sadist to start checking the numbers that the writer put forward. IMO, Reagan did very well and that is the end of the matter. As for your inflation argument, any economist knows that there is always a battle between hawks and doves regarding inflation and interest rate and which better serves the interest of the nation. High inflation may be good if it brings down the interest rate and high interest rates may be good if it brings down inflation, hence I do not pay much attention to those figures, and I no get time to start checking on those figures in order to make a partizan argument. I always judge an economy by real GDP and no of jobs created. Full stop.

adconline:
you ideas are always wacked and skewed.

100%.

According to Tayo-D, Palin is the only one of the four who is fit to lead. Thats when I lost all respect for the guy. People are trying to move forward and he is going back into the dark reaches of the Republican party which has so repulsed people in the last 8 years.

On top of that, Tayo has been persecutor-in-chief over Ayres, Wright, ACORN etc. Even when it was shown that all of these associations were overstated, he has kept hammering Obama on these. This is the lowest level self-bigotry. Tayo-D is no different from James T Harris.

tpia:
We are all Africans and we know how it goes.

GBAM! I am still looking for my cousin who is MIA.

[quote author=Tayo-D link=topic=190417.msg3025560#msg3025560 date=1225557924]Everyone gets a tax cut and not just the wealthy. If I may ask you, how many times have you being employed by the poor? It is the rich who create jobs and giving them as much tax breaks as the others is only sensible. Capital gains tax affects everyone. Tell me, was Clinton able to raise more money for the govt from a higher capital gains tax compared to President Bush?[/quote]You this guy. I can see stupidity is an affliction which is hard to get rid of. As the polls have gone for Obama, I can see your desperation increasing with each post. Each day, you keep getting more and more extreme, to the point that I have concluded that you are just a hopeless wingjob. The other day you said that 80% of people refused to respond to polls. Actually, you mean 8%. Keep hanging on to your hopes and making up ridiculous shit to console yourself. That said, the race is very close, no doubt - but no need to make up your bullshit 80% story.

McCains tax cut for the lower and middle classes is derisory. I wouldn't even call it a tax-cut. The bulk of his tax cuts are at the top-end.

Look at this ungrateful poor man - he is about to receive big tax cut from Obama and he is here complaining.

Please explain to me how Bill Clinton created 22.5 million jobs whilst George Bush created 4.5 million. Bill Clinton's tax plan was similar to Obama's whilst McCain's is similar to Bush's so I guess we can all draw our conclusions. It is simple: The poor spend their money on core goods and services, increasing demand and creating more jobs. Consumer Confidence is highly linked to job creation. The rich are also more likely to spend money on expensive items which are not labour-intensive. Even if a watch costs $100,000, it still takes the same number of people to make it as a watch that costs $100. How much money do the rich spend abroad every year - and how much do the poor spend abroad every year? This simple example alone should show you that on the consumer side, cutting tax for the rich does not increase the demand for jobs.

Also the small businesses who are unable to "outsource" will employ Americans, unlike the super rich who keep employing abroad, regardless of how much tax break you give them. The bulk of Bill Clinton's created jobs came from this category of businesses, not the big multinationals. This the supply-side economics that counts.

Infact, under Obama's plan, the big companies will create more jobs because they will have more demand for their products from the poor who have just gotten a tax cut from Obama. As we all know, the poor are best at spending whilst the rich are good at saving. Which group of people are going to increase demand more?

Whether demand-side economics or supply-side economics, Obama trumps McCain.

This stuff about cutting taxes for the rich has proven to be false. We have run the experiment for the last 8 years and it hasn't worked. The definition of insanity is doing the same thing over and over and expecting different results. We already have a model that worked in Bill Clinton's model. The stats are undisputable and trump your ideological theories anyday of the week. Tax cuts for the rich only work in new economies and emerging markets, not established economies. Full stop.

between, what is Britain's answer to the recession - stimulating the economy by spending - just the same as Obama's - and the same as Bernanke's. Phock your spending freeze. What does McCain know about economics?

ehm. . . . . Lampard scored the 4th with a header.

We have to do something about Drogba though. That guy just dey phock up our passing game. It is horrendous to watch.

Drogba just dey throway possession.

He needs another 3 weeks of intensive training, but there is nothing he can do about his dreadful first touch.

I am deeply unconvinced that he will fit in with our new style - but we will still need him for those long balls games such as Liverpool.

Lawd have Mercy!

Arsene has taken his miserly youth development strategy too far.

All Arsenal need is two class centre-backs, a DM and a goalie.

Preferrably, the centre-backs should be English. Steven Taylor comes to mind as a cheap option.

Alex Song is also a better DM than Denilson.

Mineiro is coming on.

2-0 to Stoke. Haha.

The fans are singing "boring boring Chelsea". It is all too easy.

How many goals did Ogbuke score?

Loving it

5-0

Like play, like play, Anelka don score 9 goals this season. Still not convinced.

Watch it here:

http://www.justin.tv/psn4

Goal difference is going through the roof.

I need 7-0 please!

RichyBlacK:
@Ibime,

There is only one operation: Addition.

Multiplication is merely a series of additions!

_{Enjoying myself} .

Please allow me to disprove using induction. 

You are only considering Real Positive numbers.

For example, prove that -3 x -4 = 12 using series of additions.

Ehe. . . . .did you stutter. . . . .

Rome wasn't built in a day. It took 2000 years to carve the British nation we see today. The different tribes were united in 1066 but they did not become successful until Queen Victoria's era.

Just yesterday,we received our Independence. Different tribes were thrown together such as Ibo, Hausa, Yoruba, Efik etc. We still have a few hundred years to go yet to be successful.

Our underdevelopment has nothing to do with our black nature, rather it is just the stage of development we are in - so don't even trip with all that negative stuff. It is natural for societies to evolve slowly. There have been several strong black nations in North Africa back in time past. Blacks from Sudan conquered Egypt and ruled there for over a century.

I don't know about NSE but as for Western stocks, we have hit the bottom. We will stay at this bottom for the next couple of months and then the market will rise again. Take my word for it: the financial crisis is over. Stocks are very cheap. The financial market wasn't overvalued to begin with, unlike the tech boom so share prices are very low. Earnings are down, but they will pick up. Even if earnings do not reach pre-2007 levels, shareprices are still undervalued at the present moment. This crisis started with Financial stocks and then consumer cyclicals and financial stocks and consumer cyclicals will lead the uptrend recovery. Now is the time to buy. You can buy in 2 months if you have no capital now, it's still all good. We are going to remain between 8,000 and 9,500 on the DOW for the next 2 months.

Like Texazzpete already explained to us, there is no oil in the North. All the oil drains into Chad apparently.

Seun, where is the new moderator? Please hurry up and appoint him/her so they can ban this Nigeriaone guy and delete his threads.

OK, I really don't care about his private life. But how can a 28 year old Naija man be married for 11 years? I do not believe that he was any younger than 25 when he married her. The guy add VAT for him age no be small.He must be at least 35 years old by now.


http://www.kickoffnigeria.com/static/news/article.php?id=2871


Former Nigeria international defender Ifeanyi Udeze has filed divorce papers against his wife, Ifeoma, saying he plans to now stage a comeback to the game and so needs a clean break from the past.

“I have divorced my wife because she is a kill-joy. She did not support me when I was down and I needed her most,” Udeze told goal website.

“She was my childhood love and we’ve been married since 1997. But I don’t love her anymore, I’m tired of her.”

He added: “I’m determined to now leave all my troubles behind me and face my career. By January I will be back playing again because I am over my most trying period.”

Udeze’s 11-year-old marriage was blessed with two children.

Udeze, 28, made his full international debut in 2001 but quit international football in 2005 after the 1-1 draw with Angola in Kano which handed the Angolans an advantage in the qualification race for the 2006 World Cup in Germany.

He has featured for several European clubs including West Bromwich Albion.

In January 2007 he was released by Greek club AEK Athens and returned to PAOK in July but again failed to tie down a place in the first team due to a niggling knee injury.

It is not today that Government has been bailing out Auto-industry. This has been going on since the 1990's. It means nothing, and is not a bailout per se, certainly not on the scale of the financial crisis.

We have seen bailouts in every major country since the Yankee bailout. I think that alone should end the debate.

Festus Kenyamo

Gani Fawehimni

Pat Utomi

Okonjo-Iweala

Nuhu Ribadu

Ken Saro-Wiwa

Dima Fiberesima

Asari Dokubo

Igbo man! I clap for the guy! Who am I to judge him? He did well jare. . . . . he should come home to Nigeria and relax with his stolen loot. . . . . it is not today that Italian Mafia have been running operations in Yankee, yet they never gave Italy a bad name. . . . . so why should this guy give Naija bad name?. . . . he should be applauded for his audacity. Bros, na you biko!

A touching video? Bikonu, you dey craze. If you find a warmonging video to be touching, then maybe you should offer up your own village for invasion. Any political view coming from military servicemen is non grata as far as I am concerned and should be consigned to the wastebin. Iraq war was a big mistake. Who is he trying to fool?

Check out this write-up. . . . . the writer sums up my thoughts perfectly:


http://nigeriaworld.com/feature/publication/peterside/102808.html


Tax regime is all but one of the numerous interventionist tools with which governments can influence economic process. Just as inflation targeting framework or interest rate policy are often utilized by the Federal Reserve Bank to direct economic trend – all that doesn’t necessarily amount to socialist techniques, does it?

Come to think of it, such arguments about socialism today indeed sound hollow against the recent onslaught of governments to rescue their economies in midst of global financial crises. This is quite in-synch with popular economic ideas espoused during the early to mid part of last century by Dutch economist Jan Tinbergen (Theory of Convergence - 1959) or British scholar John Maynard Keynes (during the late 1920s), which served as basis for post-war reform in Western Europe and even the US. I imagine that it is not the intention of Barack Obama’s economic team to socialize this country with their tax and spend policy, but I’d say they are more in tune with the times and not far from current reality.

Theory of convergence propounded by Tinbergen gained momentum from 1989 when the iron curtain began to fall in Eastern Europe – to share a brief quote – “The division between capitalist democracies in Western Europe and North America and communist states in Eastern Europe is fading. The nature of industrial society leads both types to converge towards a common center. Capitalist societies are becoming more organized and managerial, communist societies more open to market methods and to greater political and civil freedom”.

If you carefully observe the trend of the last two decades, you will notice that such convergence has become reality with communist Russia and Eastern Europe transitioning to free market as US and Western Europe revert to the power of state to regulate their economies – case in point is European Union but China is indeed way ahead that game.

The failure of Russia and Eastern European countries in early 1990s put to rest the myth that communism was the answer to all human ailments or the most suitable form of organizing society and production processes. But look at current situation in the US and Western Europe and tell me what you see. Is it possible that unfettered free-market, as we know it is failing?

If that were the case, then Obama’s presidency might well usher in a whole new era of “Obamanomics” that seeks to regulate differently but better, driving economic growth from bottom-up, by bolstering middle class through taxes and other incentives targeted to the mainstream of society, as opposed to Reaganomics of President Reagan during the 1980s, (analogues to Bush/McCain tax plan for the rich) in which tax breaks were offered to the upper echelon of society, on the spurious believe that the benefits will “trickle down” to the lower class with time.

The result of that policy was run-away inflation, which was in double-digits, coupled with high interest rates that trended between 15-18 percent, culminating in a financial crash of 1987. Not until the election of President Clinton in 1992 did we experience normalcy in the economy. We learnt a lot thereafter and the ensuing change in focus precipitated the longest post-war economic expansion lasting from 1992-2000. Ironically the fulcrum of Clinton’s policy was middle class and small business owners that created over 20 million jobs during the mid to late 1990s. Was the economy stupid? If we recorded such unprecedented economic growth would you say the emphasis on middle class tax-cut is flawed or socialist? I don’t think so.

The second key issue at stake is the impact of deregulation and who ultimately benefits from it. Hence the effort to address current crises by focusing mostly on financial institutions or offering to purchase delinquent mortgage notes from lenders at full face-value (as McCain has proposed) is defective policy, which leaves the mainstream – nay ordinary homeowners out in the cold.

Who would argue that the policy to increase home-ownership in the US during the 1990s was not well intentioned? That resulted in access to capital for lower-to middle-income families and national home-ownership rate now stands at 68%. That momentum helped sustain the US economy during the early 2000 when the tech-bubble busted in the stock market. Essentially, home-ownership is not only an epitome of American dream but also a pillar of economic growth.

However when deregulation led to emergence of exotic financial products (credit default swaps, and other mortgage-backed securities), underwriting standard became relaxed and caution was thrown to the wind. Most of all, reasonable risk management guidelines were not adhered to by financial institutions, thus igniting the current credit crisis. The sensible alternative proposed by Obama is not simply to bail out banks but also extend some financial lifeline to average homeowners. Such an approach is not only fair and expedient but could go a long way in resuscitating consumers.

So the issue is not in terminologies, but the net-effect of policies on society at large. A new emphasis on mainstream tax incentives, smart regulation of the financial system that cuts across all layers of the market – at the institutional and consumer levels will definitely bring about more balanced long-term growth as we have seen previously – if that is the hallmark of Obama’s strategy then we ought to embrace it - by the way statistics show that 20-30% more Americans support that than do back McCain’s policy – you be the judge.

Yeah, high tempo is the answer.

Check the UCL game last season and the first leg of UCL in 2005.

[quote author=Lite-n-Cee link=topic=187656.msg3016318#msg3016318 date=1225372676]and you are here talking about baby killers and jackers. ok tell me since i'm ignorant; what has this Asari and Boyloaf done to better the lives of NDs , give me one project, one foundation, one outfit , just one, which they have used to give education, employment, or infrastructure to ND. these are things that are lacking so much in ND and these have amassed so much wealth through bunkering , kidnapping and other allied criminal activities, yet they are not spending it on the people they say they fighting for rather they recruit youngsters to go and kill and die for them.[/quote]Many of these are all there if you care to look. . . . .I do not deny that they bunker oil. . . . but all the other allegations are unfounded as far as the individuals mentioned are concerned. . . . .I no get time to dey explain stuff to pesin wey no want hear word. . . . . since they are "baby killers", then there is no need to defend them as you have already served as judge, jury and executioner. . . . . I refuse your labelling of Niger Deltans in the same category irrespective of their views and actions. . . . Omehia is different from Asari who is different from Ateke who is different from anyone else you care to mention. . . .a little sensitivity is thus required if we are going to have a sensible debate, rather than general criminalisation of the ND people. . .  .your sweeping generalisations are not only crass, but they reveal your surreptitious intolerance toward Niger Delta people or any Niger Delta cause. . . . .your mentioning of the 13% derivation also reveals your furtive views, however much you try to hide them. . . . you either agree with federalism or not, regardless of the militants. . . . and only uncouth barbarians still insist on unitary Government. . . . hence, it is expedient for you to tar us all with the same brush, rather than deal with the underlying issues.

You can talk about Saro-Wiwa and MOSSOP if you wish, but you cannot know Saro-Wiwa like I know him, nor Ledum Mitee nor Dr Leton nor anyone involved in the Ogoni struggle. . . . we have family friendships with all these people. . .  it is not up to you to tell me what is right and what is wrong in the struggle. . . . . instead, I should tell you.

lol. . . .  .we did many bad things.



We once rushed the groundnut boy and took his groundnut

We used to play 'knack am down' and 'nearest to the wall'. Infact, all forms of gambling were highly enjoyable.

Throwing German bangers and 16 round knockout in Scripture Union prayer meeting. lol.

Jumping fence at weekends.

Rubber band wars

Tapping current during prep

Smoking and drinking behind the sports tracks. Kiki and Palmi with Benson and Hedges.

Obtaining provisions and taxing day students

nateevs:
Really, it's not like we've always beaten Liverpool in CL. . matter of Jose never beat them over two legs in the days of the most boring thing you can ever dream about.

Yeah. . . . but neither Jose nor Avram lost to them at The Bridge. We played into their hands on Saturday. I have no problem with Scolari, just saying that you should not leave yourself open in the first 30 minutes of games by playing too much tippy tappy too high up the pitch. If they hit you on one counterattack, the game is finished and you will not be able to recover. We have now dropped points against Man Utd and Liverpool at home whereas Jose and the Israeli would never do that. However, Scolari all the way. . . . after seeing InterMilan draw 0-0 with Genoa and Fiorentina over the last two games, I have no wish to return to boring football. Still, we must be practical in the way we approach the game. I fear for the Cup competitions.

apocalypse:
There are only 4 operations in maths ; Addition , multiplication , division and subtraction.Nothing else is added

Point of correction: There are only two operations in Algebra: Addition and Multiplication.

Subtraction is simply the addition of a negative number whilst Division is simply the multiplication of a reciprocal.


Can't help myself.

Lite N Cee, what do Omehia and Odili have to do with freedom struggle? They are opponents of the struggle, not part of it. So are most of the so-called militants. The only names I can vouch for in this struggle are Asari and Boyloaf. Your crass generalisations show your lack of understanding of anything to do with Niger-Delta.

One of my older friends has arthritis and asked me to find him a voice activated software for Microsoft Word so he doesn't have to type anymore. Does anyone have any recommendations?

Good job by Yara.

Ministers must learn that they can be fired for underperforming.

Amos Adamu must be arrested and jailed immediately for overinflating the budget by 400%. Thief thief! Shame no dey catch una?