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World’s Richest Government

October 16th, 2010 medigineers 8 comments

We know the world’s richest man is Carlos Slim Helu of Mexico,

followed by Bill Gates and Warren Buffet of USA .

How about governments?

Which countries’ government is the richest (having most money that is, in US$)
If you are expecting North American and European nations, you might be disappointed.
While the countries look rich, wealthy European nations can’t withstand a prolonged major financial crisis, just like Greece .
The USA might have the biggest economy, but the American government is not at all rich; in fact, it can’t even take out $150bn if asked to now without resorting to borrowing.
To date the US government has borrowed $14 trillion!
The UK , likewise, while the country/people are rich, the government isn’t.
The UK government’s debt stands at $9 trillion now.

World’s Richest Government
Richest governments after 2008-2009 financial crisis:

image0011. China
National reserves: $2,454,300,000,000
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How to donate for flood affected people in Pakistan

August 9th, 2010 Yousuf Rafi 6 comments

Flood relief fundsThe death toll due to continued monsoon rains in Pakistan rose to 1,600 on Saturday, government officials claimed, as tens of thousands of people are still trapped in flooding waters that submerged dozens of villages across Pakistan.

Nadeem Ahmed, head of the National Disaster Management Authority, said that the north-western province of Khyber-Pakhtunkhwa and central province of Punjab had suffered most. Ahmed said 650,000 houses were damaged or destroyed and the country would need $2.5 billion for relief and rehabilitation after the worst floods in the country’s history.

There are two ways in which you can help flood effected people:

  1. Send your donations on the below mentioned addresses
  2. Make an Air tight plastic box
    Read more…

Our Way of Life is Changing Forever:
Major Shockers Learned from the Global Financial Meltdown.

October 9th, 2009 medigineers 1 comment

I think we can predict with a 98% confidence level that the age of US dollar being the only and standard security money is numbered. Of course, this is not something that the US mainstream media is showing hour after hour as breaking news. But you step out of that hemisphere, and signs start becoming evident of the buzz that’s around. With this, there will be many icons that will fall and many assumptions that will be proven wrong, and all of that could lead to a major shock trigger.

obamablog

My friends and peers could validate that I have been saying this for the last 18 months that the state of dollar and that of the US economy, (and hence, the global to an extent) would get a lot worse before it starts leveling off. I would not use the word ‘better’, because what lies ahead wouldn’t qualify for the use of that word, especially, in the context of levels of prosperity and spending (read: overspending) that we have witnessed in last two decades.

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Global recession may prove blessing in disguise for Pakistan

December 26th, 2008 Arsalaan No comments
The current global economic recession provides great opportunity to Pakistan for attracting investment as the country provides better chances of returns as compared to the Western and other countries of the world, Federal Minister for Investment Senator Waqar Ahmad Khan said.

“Due to financial recession, there is negative trend in returns all over the world but very positive in Pakistan. This trend has enabled Pakistan to emerge as strong profit provider in terms of returns,” the federal minister for Investment told APP in a panel interview here Friday.

forex.jpg
Senator Waqar said that Pakistan provides 35 to 40 percent profit returns besides offering a conducive atmosphere to invest in various sectors of economy.
He said that the investors are in search of safe and profitable markets and are afraid to invest in the countries facing financial recession, however, Pakistan was not directly hit by the recession, hence offering a promising opportunity for them.

Economic experts believe that although the increasing prices of oil and edible commodities at international market affected Pakistan negatively, however, it was not directly hit by the financial recession as the other countries experienced.

However, the investment minister stressed the need for taking comprehensive strategic measures to exploit this opportunity for the betterment of the country’s sustainable economy.

commodity.jpg
Courtesy: APP – Islamabad

For further reading, click here

Sorry no free lunch here! Automotive Giants bail out?

December 12th, 2008 medigineers No comments

This advertisement came to me via e-mail and seemingly has been posted over the internet on various sites and blog posts.

The dilemma of US automotive industry is both relevant and impact full to Pakistanis especially those living in North America. Hundreds if not thousands of Pakistani engineers work in the automotive industry (in Midwest and in particular within the Detroit metro area). Any friends get together in Detroit area turns into a class reunion for of sorts (Especially NEDians are in hundreds). Every batch of mechanical engineers from major universities of Pakistan has a representative group of 30-40 or even more engineers based in the region. Across North America there must be several hundred engineers of other trades working in the manufacturing industries related to automotive. Many are my personal friends and the stories of what has happened to their life plans in past 5 years and would likely happen in next five is nothing to cheer about. I have written about this in the past and it saddens me to see the predictions coming true (Read the previous blog- Rest in peace-Demise of GM Ford and Chrysler ) the-bailout-shitty-cars.gif

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Dumb And Dumber–And Dumbest

December 3rd, 2008 Arsalaan No comments

By Dan Gerstein

As I predicted last week, the four-door farce that the auto industry conducted on Capitol Hill brought no clarity to the Big Three’s future. But those jet-setting, tone-deaf CEOs left no doubt about the true nature of the crisis of confidence plaguing the American economy.We don’t just have a mass liquidity problem. We have a mass stupidity problem.

I know that’s a harsh statement. But there’s really no other way to describe the inexplicably callous, clueless and trust-destructing behavior we have recently seen from so many big businesses that have been central players in this unprecedented economic meltdown. That’s behavior, I might add, that is arguably doing more to feed the rising anti-bailout sentiment across America than any philosophical aversion to government intervention. It’s also behavior that is helping to strangle the recovery in its super-expensive crib.Just consider collectively these examples of dubious decisions made by supposed captains of industry–and made at a time when millions of Americans are not only losing their jobs and homes and investment portfolios but also their faith in our nation’s leading institutions.

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Hollywood may profit during these bad times

October 30th, 2008 Arsalaan 1 comment
In the middle of all bad news emitting from across the globe related to the recent financial crises, it makes one feel good to hear or know tit bits of good news once in a while that all is not lost. The recent news doing rounds is that the at least of all major corporate sectors, there is one sector especially in the US which will be reaping a bonanza soon – if any of the historical data is of any news. The famous sign up on the Hollywood Hills
According to insiders, Hollywood, has a habit of cashing in from the bad times. People suffering from post-economic depression tend to full cinema houses during such times to forget about their problems by escaping into the make-believe world, even if that world is full of corporate shortfalls. But then watching the misdeeds of these virtual corporate worlds is always interesting, not to mention, entertaining – the main product of the industry called Hollywood.

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