Wednesday, February 24, 2010
New electric Tariff in Malaysia........
Saturday, February 13, 2010
HAPPY VALENTINES DAY
"DO NOT ASK OF ME, MY LOVE"
Do not ask of me, my love,
that love I once had for you.
There was a time when
life was bright and young and blooming,
and your sorrow was much more than
any other pain.
Your beauty gave the spring everlasting youth:
your eyes, yes your eyes were everything,
all else was vain.
While you were mine, I thought, the world was mine.
Though now I know that it was not reality,
that’s the way I imagined it to be;
for there are other sorrows in the world than love,
and other pleasures, tool
Woven in silk and satin and brocade,
those dark and brutal curses of countless centuries:
bodies bathed in blood, smeared with dust,
sold from market-place to market-place,
bodies risen from the cauldron of disease,
pus dripping from their festering sores—
my eyes must also turn to these.
You’re beautiful still, my love,
Do not ask of me, my love,
that love I once had for you.
There was a time when
life was bright and young and blooming,
and your sorrow was much more than
any other pain.
Your beauty gave the spring everlasting youth:
your eyes, yes your eyes were everything,
all else was vain.
While you were mine, I thought, the world was mine.
Though now I know that it was not reality,
that’s the way I imagined it to be;
for there are other sorrows in the world than love,
and other pleasures, tool
Woven in silk and satin and brocade,
those dark and brutal curses of countless centuries:
bodies bathed in blood, smeared with dust,
sold from market-place to market-place,
bodies risen from the cauldron of disease,
pus dripping from their festering sores—
my eyes must also turn to these.
You’re beautiful still, my love,
but I am helpless too;
for there are other sorrows in the world than love,
and other pleasures too.
Do not ask of me, my love,
that love I once had for you!
LOVE CAN'T BE DESTROYED...........
WORLD ECONOMIC REPORT FOR 2010
World growth is projected to fall to ½ percent in 2010, its lowest rate since World War II. Despite wide-ranging policy actions, financial strains remain acute, pulling down the real economy. A sustained economic recovery will not be possible until the financial sector's functionality is restored and credit markets are unclogged. For this purpose, new policy initiatives are needed to produce credible loan loss recognition; sort financial companies according to their medium-run viability; and provide public support to viable institutions by injecting capital and carving out bad assets. Monetary and fiscal policies need to become even more supportive of aggregate demand and sustain this stance over the foreseeable future, while developing strategies to ensure long-term fiscal sustainability. Moreover, international cooperation will be critical in designing and implementing these policies.
The world economy is facing a deep downturn.
Global growth in 2009 is expected to fall to ½ percent when measured in terms of purchasing power parity and to turn negative when measured in terms of market exchange rates (Table 1.1 and Figure 1, view: Data Figure 1). This represents a downward revision of about 1¾ percentage point from the November 2008 WEO Update. Helped by continued efforts to ease credit strains as well as expansionary fiscal and monetary policies, the global economy is projected to experience a gradual recovery in 2010, with growth picking up to 3 percent. However, the outlook is highly uncertain, and the timing and pace of the recovery depend critically on strong policy actions.
Financial markets remain under stress.
Financial market conditions have remained extremely difficult for a longer period than envisaged in the November 2008 WEO Update, despite wide-ranging policy measures to provide additional capital and reduce credit risks.1 Since end-October, in advanced economies, spreads in funding markets have only gradually narrowed despite government guarantees, and those in many credit markets remain close to their peaks. In emerging economies, despite some recent moderation, sovereign and corporate spreads are still elevated. As economic prospects have deteriorated, equity markets in both advanced and emerging economies have made little or no gains. Currency markets have been volatile.
Financial markets are expected to remain strained during 2009. In the advanced economies, market conditions will likely continue to be difficult until forceful policy actions are implemented to restructure the financial sector, resolve the uncertainty about losses, and break the adverse feedback loop with the slowing real economy. In emerging economies, financing conditions will likely remain acute for some time—especially for corporate sectors that have very high rollover requirements.
A pernicious feedback loop between the real and financial sectors is taking its toll.
Global output and trade plummeted in the final months of 2008 (Figure 2, view: Data Figure 2). The continuation of the financial crisis, as policies failed to dispel uncertainty, has caused asset values to fall sharply across advanced and emerging economies, decreasing household wealth and thereby putting downward pressure on consumer demand. In addition, the associated high level of uncertainty has prompted households and businesses to postpone expenditures, reducing demand for consumer and capital goods. At the same time, widespread disruptions in credit are constraining household spending and curtailing production and trade.
Also the uncertainty surrounding the outlook is unusually large. Strong and complementary policy efforts are needed to rekindle activity.Global monetary and fiscal policies are providing substantial support.Inflation pressures are subsiding.Anemic global growth has reversed the commodity price boom. Emerging and developing such as India, China, Gulf countries economies are experiencing a serious slowdown.
The world economy is facing a deep downturn.
Global growth in 2009 is expected to fall to ½ percent when measured in terms of purchasing power parity and to turn negative when measured in terms of market exchange rates (Table 1.1 and Figure 1, view: Data Figure 1). This represents a downward revision of about 1¾ percentage point from the November 2008 WEO Update. Helped by continued efforts to ease credit strains as well as expansionary fiscal and monetary policies, the global economy is projected to experience a gradual recovery in 2010, with growth picking up to 3 percent. However, the outlook is highly uncertain, and the timing and pace of the recovery depend critically on strong policy actions.
Financial markets remain under stress.
Financial market conditions have remained extremely difficult for a longer period than envisaged in the November 2008 WEO Update, despite wide-ranging policy measures to provide additional capital and reduce credit risks.1 Since end-October, in advanced economies, spreads in funding markets have only gradually narrowed despite government guarantees, and those in many credit markets remain close to their peaks. In emerging economies, despite some recent moderation, sovereign and corporate spreads are still elevated. As economic prospects have deteriorated, equity markets in both advanced and emerging economies have made little or no gains. Currency markets have been volatile.
Financial markets are expected to remain strained during 2009. In the advanced economies, market conditions will likely continue to be difficult until forceful policy actions are implemented to restructure the financial sector, resolve the uncertainty about losses, and break the adverse feedback loop with the slowing real economy. In emerging economies, financing conditions will likely remain acute for some time—especially for corporate sectors that have very high rollover requirements.
A pernicious feedback loop between the real and financial sectors is taking its toll.
Global output and trade plummeted in the final months of 2008 (Figure 2, view: Data Figure 2). The continuation of the financial crisis, as policies failed to dispel uncertainty, has caused asset values to fall sharply across advanced and emerging economies, decreasing household wealth and thereby putting downward pressure on consumer demand. In addition, the associated high level of uncertainty has prompted households and businesses to postpone expenditures, reducing demand for consumer and capital goods. At the same time, widespread disruptions in credit are constraining household spending and curtailing production and trade.
Also the uncertainty surrounding the outlook is unusually large. Strong and complementary policy efforts are needed to rekindle activity.Global monetary and fiscal policies are providing substantial support.Inflation pressures are subsiding.Anemic global growth has reversed the commodity price boom. Emerging and developing such as India, China, Gulf countries economies are experiencing a serious slowdown.
THE RULER OF DUBAI
Ruler of Dubai
On January 4th, 2006, His Highness Sheikh Mohammed bin Rashid Al Maktoum became the Ruler of Dubai following the death of Sheikh Maktoum bin Rashid Al Maktoum.On January 5th, the members of the Supreme Council elected Sheikh Mohammed the UAE Vice President. On February 11th, 2006 UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan nominated Sheikh Mohammed for UAE Prime Minister; the Council approved this nomination.Sheikh Mohammed and the members of his Cabinet took their oaths in front of Sheikh Khalifa at Al Bateen Palace in Abu Dhabi.
Sheikh Mohammed embodies energetic and successful leadership. He is a man who has made promises and kept them; he has insisted on excellence and achieved nothing less; he has defined the role of leadership and fulfilled it.Thanks to his vision, Sheikh Mohammed has competently authored the Dubai success story in record time and put the United Arab Emirates on a unique course, which nations around the world compete to replicate.Since becoming the Vice President and Prime Minister of the UAE, and Ruler of Dubai, groundbreaking initiatives have been rolled out at an astonishing rate.The year 2007 witnessed unique achievements for Sheikh Mohammed both locally and regionally.On February 3rd, he announced the Dubai Strategic Plan 2015, which aims to bolster Dubai's leading position in the region and boost its role as an international economic and financial hub.The strategy will be used as a road map for development in the coming years. On April 17th, 2007, Sheikh Mohammed unveiled the UAE Government Strategy Plan with the aim of achieving sustainable development throughout the country, investing federal resources more efficiently and ensuring due diligence, accountability and transparency across federal bodies.Regionally, his most outstanding achievement was the launch of the Mohammed Bin Rashid Al Maktoum Foundation, on May 19th, 2007, with an endowment of $10 billion.The foundation's aim is to promote human development by investing in education and the development of knowledge in the region by cultivating future leaders in both the private and public sectors, promoting scientific research, spreading knowledge, encouraging business leadership, empowering youth, renewing the concept of culture, preserving heritage and promoting platforms of understanding among various cultures.Sheikh Mohammed launched Dubai Cares on September 20th, 2007. The campaign, which raised an unprecedented Dh 3.4 billion in its first two months, has become one of the biggest international humanitarian movements to focus on fighting poverty, spreading knowledge and providing education for children in the world's poorest countries.On September 3rd, 2008, Sheikh Mohammed unveiled the Noor Dubai initiative aiming to deliver preventative eye care to over one million people in developing countries.This move is part of a drive towards a world free from curable forms of blindness.In an effort to encourage innovation, Sheikh Mohammed has announced a wide array of awards both in Dubai and the UAE, including the Arab Journalism Awards, the Dubai Government Excellence Programme, the Dubai Holy Qur'an Awards and the Young Business Leaders Awards.These awards have promoted a competitive climate for both the public and private sectors to strive for excellence. The past few years have witnessed significant progress in economic and social development: e-government was introduced; Dubai Metro was inaugurated and a significant number of investment companies were established.These companies have formed global partnerships in the fields of industry, commerce, tourism and ports and real estate management. A host of other cultural projects were also launched, including the Muhammad the Messenger Museum, the Universal Museums project and the Mohammed bin Rashid Gardens.Sheikh Mohammed set out his comprehensive world view in his book 'My Vision', where he describes his philosophy and his political and economic vision.He also offers a detailed account of how Dubai and the UAE have been guided to their present-day status as international centres, renowned for their high quality commercial and financial services, luxury tourism and their drive towards sustainable human and structural development.Through generosity and dedication, Sheikh Mohammed has achieved notable success while shouldering the great responsibility of leading Dubai and the Federal Government.
On January 4th, 2006, His Highness Sheikh Mohammed bin Rashid Al Maktoum became the Ruler of Dubai following the death of Sheikh Maktoum bin Rashid Al Maktoum.On January 5th, the members of the Supreme Council elected Sheikh Mohammed the UAE Vice President. On February 11th, 2006 UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan nominated Sheikh Mohammed for UAE Prime Minister; the Council approved this nomination.Sheikh Mohammed and the members of his Cabinet took their oaths in front of Sheikh Khalifa at Al Bateen Palace in Abu Dhabi.
Sheikh Mohammed embodies energetic and successful leadership. He is a man who has made promises and kept them; he has insisted on excellence and achieved nothing less; he has defined the role of leadership and fulfilled it.Thanks to his vision, Sheikh Mohammed has competently authored the Dubai success story in record time and put the United Arab Emirates on a unique course, which nations around the world compete to replicate.Since becoming the Vice President and Prime Minister of the UAE, and Ruler of Dubai, groundbreaking initiatives have been rolled out at an astonishing rate.The year 2007 witnessed unique achievements for Sheikh Mohammed both locally and regionally.On February 3rd, he announced the Dubai Strategic Plan 2015, which aims to bolster Dubai's leading position in the region and boost its role as an international economic and financial hub.The strategy will be used as a road map for development in the coming years. On April 17th, 2007, Sheikh Mohammed unveiled the UAE Government Strategy Plan with the aim of achieving sustainable development throughout the country, investing federal resources more efficiently and ensuring due diligence, accountability and transparency across federal bodies.Regionally, his most outstanding achievement was the launch of the Mohammed Bin Rashid Al Maktoum Foundation, on May 19th, 2007, with an endowment of $10 billion.The foundation's aim is to promote human development by investing in education and the development of knowledge in the region by cultivating future leaders in both the private and public sectors, promoting scientific research, spreading knowledge, encouraging business leadership, empowering youth, renewing the concept of culture, preserving heritage and promoting platforms of understanding among various cultures.Sheikh Mohammed launched Dubai Cares on September 20th, 2007. The campaign, which raised an unprecedented Dh 3.4 billion in its first two months, has become one of the biggest international humanitarian movements to focus on fighting poverty, spreading knowledge and providing education for children in the world's poorest countries.On September 3rd, 2008, Sheikh Mohammed unveiled the Noor Dubai initiative aiming to deliver preventative eye care to over one million people in developing countries.This move is part of a drive towards a world free from curable forms of blindness.In an effort to encourage innovation, Sheikh Mohammed has announced a wide array of awards both in Dubai and the UAE, including the Arab Journalism Awards, the Dubai Government Excellence Programme, the Dubai Holy Qur'an Awards and the Young Business Leaders Awards.These awards have promoted a competitive climate for both the public and private sectors to strive for excellence. The past few years have witnessed significant progress in economic and social development: e-government was introduced; Dubai Metro was inaugurated and a significant number of investment companies were established.These companies have formed global partnerships in the fields of industry, commerce, tourism and ports and real estate management. A host of other cultural projects were also launched, including the Muhammad the Messenger Museum, the Universal Museums project and the Mohammed bin Rashid Gardens.Sheikh Mohammed set out his comprehensive world view in his book 'My Vision', where he describes his philosophy and his political and economic vision.He also offers a detailed account of how Dubai and the UAE have been guided to their present-day status as international centres, renowned for their high quality commercial and financial services, luxury tourism and their drive towards sustainable human and structural development.Through generosity and dedication, Sheikh Mohammed has achieved notable success while shouldering the great responsibility of leading Dubai and the Federal Government.
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