Fannie Mae and Freddie Mac were a politicized financial disaster wait until pension funds implode
Posted by admin / Under Sri Lanka
Next Catastrophe Think Fannie Mae and Freddie Mac were a politicized financial disaster? Just wait until pension funds implode. Funds worth trillions of dollars start to plummet in value. Political pressure to be “socially responsible” distorts the market decisions of government-related enterprises, leading to risky investments. Investors who once considered their retirements safely protectedwake up to a sinking feeling of uncertainty and gloom. Sound like the great mortgage-fueled financial crisis of 2008? Sure. But it also describes a calamity likely to hit as soon as 2009. State, local, and private pension plans covering millions of government employees and union workers...
Published on Sunday 5th of February 2012 11:42:44 AM
'100 Tigers Killed' In Sea Battle With Sri Lankan Navy
Posted by admin / Under Sri Lanka
'100 Tigers killed' in sea battle with Sri Lankan navy By Michael Hirst (Filed: 03/09/2006) Sri lanka's navy claimed to have sunk 12 Tamil Tiger boats during a six-hour sea battle yesterday that killed up to 100 rebels. The fighting started late on Friday when about 20 Tiger vessels, including five suicide boats packed with explosives, attempted to attack a naval base at Kankasanthurai, a key port on the northern Jaffna peninsula. A patrol, including fast-attack gun boats, drove the Tigers into open water where the battle continued until dawn yesterday. TamilNet, a pro-rebel website, claimed that two navy vessels...
Published on Sunday 5th of February 2012 11:42:44 AM
Snipers Shoot Dead Sri Lankan Foreign Minister
Posted by admin / Under Sri Lanka
Snipers shoot dead Sri Lankan foreign minister (Filed: 13/08/2005) Sri Lanka's foreign minister, Lakshman Kadirgamar, was shot dead last night in an attack the police and military blamed on separatist rebels. Mr Kadirgamar, 73, a hardliner in dealing with the island's Tamil Tiger rebels, was hit by sniper fire as he climbed out of his swimming pool. He was rushed to the National Hospital in Colombo, which was sealed off as other ministers arrived to visit his bedside. The justice minister, John Senevirathne, said: "He worked tirelessly for peace throughout his career. It is a great loss." Heavily armed police...
Published on Sunday 5th of February 2012 11:42:44 AM
Sri Lanka Charges Oxfam L500,000 To Allow In Jeeps (Tsunami Relief)
Posted by admin / Under Sri Lanka
Sri Lanka charges Oxfam £500,000 to allow in jeeps (Filed: 17/06/2005) Oxfam has had to pay £550,000 in customs duty to the Sri Lankan government for importing 25 four-wheel-drive vehicles to help victims of the tsunami, The Daily Telegraph has learned. The sum was levied by customs in Colombo which have refused to grant tax exemptions to non-governmental organisations working to repair damage caused by the giant Boxing Day wave. The Indian-made Mahindra vehicles, essential to negotiate damaged roads and rough tracks, remained stuck in port at Colombo for almost a month as officials completed the small mountain of paperwork...
Published on Sunday 5th of February 2012 11:42:44 AM
Scandal looming in promised $425 million for Sir Lanka tsunami victims that never arrived?
Posted by admin / Under Sri Lanka
Even as the association of Canadian Maurice Strong with "Koreagate Man" Tungsun Park was coming under world limelight, Sri Lankans were starting to demand answers about where the $425 million promised by Canada to tsunami victims is. Four months after the tsunami hit, Sri Lankans still don’t have their money. Canadian Prime Minister Paul Martin rushed to the scene for a weeklong photo op. Generous Canadians donated record amounts of money on line. The Canadian government promised to match dollar for dollar, donations from the public. But the promised mega millions never arrived. According to veteran newsman Garth Pritchard, in...
Published on Sunday 5th of February 2012 11:42:44 AM
To build a village(tsunami relief in sri lanka)
Posted by admin / Under Sri Lanka
<p>When the tsunami disastrously struck Southeast Asia on Dec. 26, 2004, Las Vegas Libertarian Avan Perera happened to be in Sri Lanka -- the land of his birth -- visiting his parents. They recently retired back to Sri Lanka after living in the United States for 20 years.</p>
Published on Sunday 5th of February 2012 11:42:44 AM
Disaster Opens Prospect of Peace in Sri Lanka
Posted by admin / Under Sri Lanka
Disaster opens prospect of peace in Sri Lanka When Sri Lanka’s president Chandrika Kumaratunga shook hands with two Tamil Tiger guerrillas last week, many saw her gesture as a symbol of peacemaking following the tsunami that has killed more than 30,000 across the island. Ms Kumaratunga, who lost an eye in 1999 in a Tiger assassination attempt during the group’s insurgency for a Tamil homeland, also declared that returning to civil war with the Tigers was now only a “remote” possibility. Underlying Ms Kumaratunga’s bold declaration were the heavy losses suffered by the Tigers due to the tsunami in territory...
Published on Sunday 5th of February 2012 11:42:44 AM
6 Months after 9/11, Pataki still has high job approval ratings
Posted by admin / Under Sri Lanka
Siena Research Institute of Siena College, Loudonville, NY. For Immediate Release: Monday – March 11, 2002 Governor’s Approval Slipping from 911 Peak Levels– But Still High Legislature Gets 10 Point Boost From New York City Loudonville, New York – Approval rating for Governor Pataki dropped again in February of 2002 to a level of 68%, but it’s still strong according to the most recent public opinion poll by the Siena Research Institute (SRI). The State Legislature’s approval rating surged in New York City to 46% from 36% in January 2002, meanwhile support for...
Published on Sunday 5th of February 2012 11:42:44 AM
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