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Credibility: a big factor in economic recovery

11/04/2009 | Posted by Anonymous | Edit Post

When Pres. Barack Obama was elected in November last year, Americans and the entire world were quick to embrace a charismatic man with a promise. Expectation was matched by soaring rhetoric and media support that made the prudent among us watchful.

There were quick infusions of capital to rescue the ailing banks, the collapsed housing market, and bankrupt auto industry---- as if the United States could buy its way out to prosperity. Short-lived jubilation came from cash-strapped Americans who believe that government entitlements would solve their money problems. They banked on Pres. Barack Obama who they thought could bring the Harvard magic and his talents to the realities of their household. At their peril, Americans suddenly learned their expectations couldn't be met as painted before the election.

A chorus of approval to Obama’s “changes” later degenerated into public insecurity. Trillions of dollars had to be paid by taxpayers on recovery plans riddled with questionable provisions. Interest groups, political allies, and large companies were direct beneficiaries while the people waited for some windfall that was hard to come by.

For instance, healthcare budget, comprising 16% of the US economy, had ominously ballooned from below $900 billion dollars to an astronomical $1.2 trillion. Many were not happy because this was not what they expected in the onset. The public saw moves to make Americans accept a plan that is very costly---a debatable proposal with hidden and confusing strings attached.

A year into Obama’s presidency, despite hopeful indications that the economy is recovering, millions of Americans are still jobless, the highest ever in 26 years. Financial experts say the recession is going away, but they are quick to qualify that the the future is uncertain and life ahead will be choppy. It's as if they don't want to be blamed if something far worse happens.

Unemployment rate has climbed to 10%. This breaks the psychological confidence of those who believe in the competence of the administration. The budget deficit has gone to the roof, worrying USA’s domestic and international business-partners. How will America be able to pay those trillions of debts from foreign lenders without mortgaging the people's future?

Despite rosy reports of improvements in US manufacturing, consumer spending has been sluggish. This causes markets to lose confidence. Investors have become panicky as the Christmas season is coming. They know tepid business will only delay the financial rebound everybody is wishing for.

“There seems to be lots of uncertainty in the markets," said Peter Lai, investment manager at DBS Vickers in Hong Kong. "I'm very cautious about the U.S. economic figures. It will be very damaging to sentiment if the U.S. unemployment rate crosses 10 percent."

Hong Kong's Hang Seng led Asia's losses, falling 380.13, or 1.8 percent, to 21,240.06 while South Korea's Kospi was down 0.6 percent at 1,549.92. Japan's market was closed for a holiday.

Elsewhere, Australia's S&P/ASX 200 closed down 0.2 percent and Taiwan's market lost 0.2 percent. China's Shanghai index bucked the trend, gaining 1.2 percent to 3,114.23 with sentiment still boosted by a weekend report manufacturing expanded for an eighth straight month in October.

As trading got under way in Europe, Britain's FTSE 100 was off 1.3 percent, Germany's DAX lost 1.4 percent and France's CAC 40 fell 1.5 percent. Stock futures pointed to losses Tuesday on Wall Street. Dow futures were down 49, or 0.5 percent, at 9,686 and S&P Futures dropped 5.9, or 0.6 percent, to 1,033.20." ----Philstar.com (11/02/09)

Aside from the economic front, there is doubt in how Untied States is dealing with the nuclear issue of North Korea and Iran which use deceitful diplomacy to proliferate weapons of mass destruction. With little options, USA is forced to deal with these rogue nations.

Lately, Obama has accepted the reinstatement of Pres. Hamid Karzai, known to have won in a rigged election which left his chief rival withdrawing in protest. Afghanistan, the center of the 911 disaster, is experiencing a resurgence of Taliban activity. Bomb attacks, killing soldiers and civilians are on the rise.

Pres. Barack Obama is ambivalent on his foreign policy in spite of the tough fight US military men are facing lately. He can only promise more US servicemen for troubled Kabul, but their number will be short of the 40,000 top US commander Gen. Stanley McChrystal is asking for to stablize the militant Islamists' lair.

Like in Afghanistan, the Al Qaeda and Taliban threats in Iraq and Pakistan continue to boil with no certainty of how to solve the terrorism problem which brazenly kills scores of innocent victims. Car bombs and suicide bombers continue to bring death and destruction the civilized world finds hard to comprehend.

If Pres. Obama can’t reverse this credibility problem, it will be hard for him to accomplish his election promises. As the public starts to know his liberal and socially progressive agenda with little laudable result, his approval rating (especially among conservatives) has gone low alienating many of the voters who supported his election early on.

His ardent supporters like US ex-president Jimmy Carter blames Obama's floundering support on race--- an assertion that many don't believe. If it is because the president is black that is a problem, how come so many Americans gave him overwhelming mandate in his election?

Obama's style of governance is creating more political divisions that make a bipartisan cooperative work difficult. Many observe the president has the tendency to blame problems on others without facing them squarely. His assistants in Washington seem out of touch with the people they serve. In the meantime, some say the president has become scrawny and fast losing weight. =0=

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Labels: Accountability, Al Qaeda, credibility, deficit, nuclear hazard, politics, recession, recovery, Taliban, terrorism, Totie Mesia, trust

Iran builds a second nuclear facility; UN stuck with a new resolution

9/27/2009 | Posted by Anonymous | Edit Post

United Nations appears almost powerless in foiling nuclear proliferation. On Friday, September 25, US president Barack Obama, French president Nicholas Sarkozy and British Prime minister Gordon Brown at the G-20 economic summit chorused to say Iran is building underground uranium enrichment and concealing the facility from the eyes of international inspectors.

Iran’s head of the Atomic Energy Organization Ali Akbar Salehi quickly defended the facility saying that it was intended as back-up in case the first nuclear facility it built will be attacked. Iran continues to assert that its nuclear program is for peaceful civilian purpose.

In a Saturday address, Pres. Barack Obama reiterated the seriousness of Iran’s evasive designs and warns anew of grave consequences of Iran’s devious plan. The international front thinks of heavier economic sanctions against Iran and doesn’t rule out military action. It’s the same rhetoric the world is hearing. Russia and China advice cooperation from Iran, but these countries don’t endorse tough sanctions, probably their way of protecting their business interests.

"Iran's leaders must now choose — they can live up to their responsibilities and achieve integration with the community of nations. Or they will face increased pressure and isolation, and deny opportunity to their own people." ----Pres. Barack Obama. AP (09/27/09)

With Obama leading the UN Security council, world powers are endorsing a nuclear-free world whose realization no one knows when. They want to make it hard to proliferate nuclear arms in the future.

“The Security Council unanimously passed a U.S.-drafted resolution that endorses the eventual goal of "a world without nuclear weapons." It lays out steps for nuclear powers to trim their arsenals, while making it harder for other nations to convert civilian nuclear programs to military ones.”---- www.McClatchy.com (09/24/09, Strobel, W.P.)

The rogue Islamic republic of Iran with a restive populace offers the international community to inspect the site in Qom, but its timing is yet to be set. Built on a mountainous region near the holy city of Qom, the facility has the capacity to house 3,000 centrifuges (vs. that 8,000 in Natanz) is said to be operational soon, in less than 18 months.

This revelation comes with Brazil’s expressed intention of going nuclear to “protect” itself from its neighbors and Venezuela seeks the help of Iran to prospect for radioactive uranium. Actions by these countries with unstable leaders who want to go nuclear makes the problem of world security even more complex.

It’s the same problem Pakistan and North Korea are facing where loose nukes pose a potential problem. The world watches with alarm whether the United Nations, slackening on its job and often trying to avoid military confrontation, will be able to rein over the threat of nuclear arms. (Photo Credit: http://dailymail.co.uk) =0=

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Labels: atomic bomb, Iran, nuclear hazard, nuclear weapons, Totie, United Nations

Man-made organism opens questions on the limits of genomic science

8/23/2009 | Posted by Anonymous | Edit Post

Controversial scientist Dr. Craig Venter, the noted American biologist who tinkers with the genetic code has announced scientists are on the verge of making a synthetic bacterium from a combination of genetic splices from certain organisms. Speaking from the J. Craig Venter Research Institute in Maryland, the visionary of genomic investigations said researchers have figured to circumvent a key obstacle in the production of simple biologic agents.

Venter says “within months” a vital breakthrough in gene manipulation will unfold to give way to the first man-made species of organism. His team brings a lot of hope to advance research and the potential uses of the genetic engineering. But it also summons doubts.

Laboratory-created organisms can be prodded to make antibiotics and vaccines to combat diseases. With synthetic biologic agents, researchers can build enzymes to fight pollution. A man-made species of algae can be tasked to gobble up pollutants and chemical debris in the ocean floor. Scientists can use tailored bacteria to produce drugs, proteins, and biologic agents of myriad uses.

Venter's Man-Made Organism & Curie's Radioactive Radium

The development of an artificial organism is akin to what Warsaw-born Nobel prize awardee Marie Curie came to know when she bumped on the uses of radium during her studies in a makeshift laboratory in Paris, France. As a result of her astounding scientific work, the radioactive materials became a beneficial agent to diagnose and fight cancer as we know today.

However, radium’s unleashed energy Curie understood, was the basis of something sinisterly horrific---like the dreaded nuclear bomb which killed untold number of innocent people in Hiroshima and Nagasaki. Since then, the specter of the misuse of uranium energy stalked the survival of people.

Like radium and uranium research during Curie’s time, Venter’s technology, is not error-proof. With the good uses of their discoveries, comes danger which may put the human race in jeopardy. At present, relying mostly on suppposed credibility, there are very few regulations to oversee the safety of how scientists like Venter keep and manipulate the genetic code of living things. They practically have no accountability. Few people know how their new-found knowledge will be applied and where their discoveries will lead to.

Polar Uses of Scientific Research

While we focus on the positive sides of scientific researches, the experimentations on the basic unit of life can bring “angels” and “devils” flying. In spite of the assurances that studies are safe and are undertaken for “peaceful” purposes only, there is a cause of concern. Whether we are inspired by the universal benefits of these researches or we are stirred by self-gratification, there are moral and ethical questions that we have to grapple. To make an living organism is an ambitious science. Are we playing God?

The synthesized organism can generate precursors of deadly organisms that terrorists will love to get in waging a biologic warfare. On the other hand, it can produce disease-fighting immunoglobulins that can prevent or cure some of the world’s worst afflictions.

God silently watch over man’s folly and fancy. Without proper regulations and oversight, the production of synthetic organisms can be our next Pandora’s box. It teems with benevolent and evil surprises. =0=

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Labels: bacteria, biologic hazard, Dr. Craig Venter, genetic code, genetic engineering, genome, Marie Curie, nuclear hazard, organism, radium, science, Totie Mesia, uranium

Iran proceeds with its nuclear ambition under the noses of UN and USA

7/18/2009 | Posted by Anonymous | Edit Post

The problematic handling of Iran to deter nuclear proliferation has emboldened the Islamic country to proceed with its often-denied plan to produce an atomic bomb. The Ayatollah-led regime tries to stop the UN nuclear agency from increasing its monitoring of its nuclear program.

Reported by AP, according to diplomats, Iran has the potential of testing a bomb in six months---far earlier than what was thought. They say the Islamic country has produced substantial fissile material, about 1,000 kg (2,200 lbs) of low enriched weapons-grade uranium, giving them the capacity to test a bomb similar to what the North Koreans did in their underground test in 2006.

‘International Atomic Energy Agency chief Mohamed Elbaradei has repeatedly warned that his agency cannot guarantee that Iran is not hiding nuclear activities. Iranian nuclear expert David Albright on Friday put the chances that such a secret site exists at "50-50." “---AP (07/17/09, Jahn, G.)

With Iran’s objection, the UN is asking for a step-up surveillance to determining what is truly occurring in Natanz, the site of where expanded uranium enrichment has been going on. As Iran tackles opposition from the homegrown reformist movement, the invitation of Hillary Clinton for the country to go in the negotiation table remains unheeded.

In the meantime, gas-bag Iranian President Mahmoud Ahmadinejad recently appointed Ali Akbar Salehi, a U.S.-educated physicist with a doctorate degree from Massachusetts Institute of Technology (MIT) to replace resigned Gholam Reza Aghazadeh as the new vice president and the head of the Atomic Energy Organization of Iran.

The turbulence in Iran after the reelection of Ahmadinejad continued. On a Friday prayer session this week, tens and thousands of Iranians braved the streets to air their opposition to the rigging of the election and the way the theocratic regime had ruled the Muslim state. (Photo Credit: PBS.org) =0=

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Labels: atomic bomb, Hillary Clinton, IAEA, International Atomic Energy Agency (IAEA), Iran, Islam, Mahmoud Ahmadinejad, Mohamed Elbaradei, Muslim, Natanz, nuclear hazard, nuclear weapons, Totie Mesia

Ahmadinejad wins in Iranian election

6/14/2009 | Posted by Anonymous | Edit Post

In a disputed election last Friday, June 12, 2009, Pres. Mahmoud Ahmadinejad won over his chief rival reformist Mir-Hossein Mousavi sparking riots and protests in Tehran and other Iranian streets. With allegations of election fraud, Ahmadinejad’s winning gives him another 4-year term to pursue his promised “bright and glorious” future for Iran which is actively pursuing its dangerous nuclear program.

"Many backers took this call to the streets. Thousands of protesters — mostly young men — roamed through Tehran looking for a fight with police and setting trash bins and tires ablaze. Pillars of black smoke rose among the mustard-colored apartment blocks and office buildings in central Tehran. In one side road, an empty bus was engulfed in flames."---AP (06/14/09, Johnson, A; Murphy, B.)

Iran supreme leader Ayatollah Ali Khamenei brushed aside the protests over Friday’s vote and welcomed the 80% election turnout. The Interior Ministry disclosed that Ahmadinejad garnered more than 63% and Mousavi received 35%.

“Iran in turmoil will not be ready to engage Obama," said Bruce Riedel, veteran US inteligence official…. Congress and pro-Israel conservatives, already strongly critical of Ahmadinejad, will undoubtedly press Obama to put a tight deadline on his overture to Iran. They are expected to urge him to move on to tougher measures, such as economic sanctions or military action, to try to compel Tehran to give up its nuclear ambitions.” LA Times (06/14/09, Richter, P)

Ahmadinejad advocates the destruction and annihilation of Israel. He brings fresh challenge in keeping the balance of peace in the Middle East. Like Mousavi, he supports terrorist groups like Hezbollah and Hamas. His election will make it harder for the United States, UN, and their allies to pursue a peaceful resolution against the nuclear threat Iran poses to the world.

US Sec. of State Hillary Clinton doubts whether Ahmadinejad won by landslide victory----something that the Iranian people must decide.
(Photo Credit: LA Times/ AP/ Ben Curtis) =0=

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Labels: diplomacy, election, Iran, Mahmoud Ahmadinejad, nuclear hazard, nuclear weapons, politics, protest, rally, Tehran, terrorism, Totie Mesia

North Korea's nuclear threats

5/28/2009 | Posted by Anonymous | Edit Post

Living in a delusion that dictatorships and rogue countries can be effectively handled with talks and negotiations, the United States and the United Nations are finding it increasingly hard to deal with the rising military posturing of North Korea.

The destitute communist country in Asia has detonated a 20 kiloton underground nuclear bomb in a display of belligerence against the will of the civilized world. The United States and its allies have still to find a way to curtail the provocations of Kim Jong Il which find it easy to ignore the lame warnings of the United Nations.

Unafraid of sanctions, North Korea is unimpressed by the 6-party disarmament talks aimed to diffuse tension and stop the dangerous proliferation of nuclear arms in the region. The puppet government of Kim Jong Il has come to the realization that rogue governments can have ways to brush aside UN resolutions, survive punitive sanctions, and earn dividends from wild stubborness. Seeing the weakness of Pres. Barack Obama and UN’s inability to effectively punish violators of covenants, the North Koreans are on a free rein to show their propagandistic power and terrorist capabilities.

“It is a laughable delusion for the United States to think that it can get us to kneel with sanctions… We've been living under U.S. sanctions for decades, but have firmly safeguarded our ideology and system while moving our achievements forward. The U.S. sanctions policy toward North Korea is like striking a rock with a rotten egg."---said an editorial in a North Korean newspaper. AP (05/27/09, Hyung-Jin Kim, Gutman, S; Ledere EM)

With this show of defiance, the United States and its allies must be ready to stop Pyongyang by considering strikes to destroy its nuclear facilities. Short of this, the world needs an effective deterrent and defense against the rising threat of nuclear proliferation. In the past, sanctions and resolutions have helped in some measure but aren't as effective as people want them to be.(Photo credit: Lucliu) =0=

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Labels: diplomacy, Kim Jong-il, North Korea, nuclear hazard, nuclear weapons, peace, Pyongyang, Security Council, Totie Mesia, United Nations, war

North Korea detonates an underground nuclear bomb

5/26/2009 | Posted by Anonymous | Edit Post

As if to tell the world, that countries can defy the United Nations (UN,) North Korea exploded an underground atomic weapon which was as powerful as the one that leveled Nagasaki, Japan in 1945. The 10 to 20 kiloton bomb generated an earthquake of about 4.5 in the northeastern part of North Korea. It was picked up by seismologists worldwide as Pyongyang officials affirmed the successful nuclear test on May 25, 2009.

Kim Jong Il’s nuclear bomb test, the second since 2006 is in defiance to the United Nation’s resolutions forbidding his country to develop nuclear weapon. A danger to world peace, the nuclear detonation followed last month’s launching of a ballistic missile which has the capacity to reach the US territory.

The UN expressed disapproval against the test-launch and North Korea was punished with greater sanctions. In retaliation, the communist regime of Kim Jong Il asked that the international nuclear inspectors leave the country. The North Koreans threatened to resume operation of Yongbyon nuclear reactor and refused participation in the six-party nuclear talks. Ignoring global condemnation,
Pyongyang insisted its nuclear activities serve to beef up its self-defense and are intended for “peaceful” purposes.

In a reaction to the recent bomb test, Pres. Barack Obama lamely speaks of the recklessness of North Korea whose growing belligerence he hopes to manage with diplomacy. He plans to seek help from allies and friendly nations to stop the North Koreans from producing weapons of mass destruction (WMD).

But as the leaders of the communist dictatorship have learned, they have the power to ignore the world community. Having a nuclear arsenal is their bargaining chip----an effective tool to gain leverage, a way of catching the attention of the world.

The reclusive impoverished regime of Kim Jong Il has shown that it cannot be dictated by civilized countries in spite of attempts to isolate the country for violating international law and endangering the planet. The same message is what other nations with nuclear ambitions are learning. It appears provoking a crisis brings dividends because UN and its member nations aren’t ready to impose international covenants on errant governments like North Korea. A significant number of UN resolutions, no matter how well they are worded don't work. This may well be with the unanimous UN condemnation of North Korea for exploding the atomic weapon.

It is said that majority of nations approve of the international treaty to stop nuclear weapons testing. However, there are countries like North Korea, India, and Pakistan with nuclear capabilities which oppose the ban.(Photo Credit: cbv.ns.ca) =0=

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Labels: atomic bomb, explosion, hazard, Kim Jong-il, North Korea, nuclear detonation, nuclear hazard, nuclear weapons, Pyongyang, Totie Mesia, United Nations, weapons of mass destruction, WMD

More Taliban fighting in nuclear-armed Pakistan

5/07/2009 | Posted by Anonymous | Edit Post

There is cause to worry when about a million Pakistanis abandon their villages as Taliban extremists occupy their homes and put landmines in buildings. It is feared that if Pakistan's nuclear arsenal get into the hands of the Taliban radicals, the risk of a nuclear catastrophe becomes increasingly real. Aside from the Islamic insurgency, Pakistan faces border threats from neighboring India.

“Pakistani security forces killed 35 militants on Wednesday in fighting in a mountain valley 100km (60 miles) northwest of the capital, a paramilitary force said.”----Telegraph.co uk. (05/06/09, Wilkinson, I)

Clashes between the Taliban and Pakistani forces come as a consequence of the failure of a 3-month truce forged by the two opposing sides. The curtailment of the Taliban has been the focus of the US government which lends support to Pakistan's faltering campaign versus violence and extremism.

“The tribal areas of the Northern West Frontier Regional Province (NWFP) that border Afghanistan are steadily falling to a creeping Taliban-led militancy. Military operations have proved ineffective and the militants have rejected offers of any ceasefire while government offices, the Chief Minister's house and military camps are now under attack in the area as well.”----http://wwww.adnkronos.com

Pakistani President Asif Ali Zardari and Afghan president Hamid Karzai met with Barack Obama today to talk about the campaign against the Taliban. The Islamic militanta swept the Swat Valley and Buner areas about 60 miles from the Pakistan's capital city of Islamabad. As a consequence, 500,000 civilians had been caught in the crossfire, forcing them to leave villages and homes destroyed by a rebellion that wants to impose Islamic law.

“Acknowledging that 'the road ahead will be difficult,' Obama said he has made a 'lasting commitment' to not only defeat extremism in both countries but to salvage their shaky democracies.”----AP (05/06/07, Hurst, S)

Faced with a weak Zadari government and corruption in Afghanistan, the United States is left to work with its allies to counter the growing influence of the Taliban. Most of the military offensives done against the Taliban in recent years are inconclusive, needing more sustained effort and financial aid. America is saddled with this long and expensive war whose end remains unclear.(Photo Credit: Tanweeer x 2) =0=

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Labels: Afghanistan, insurgency, Islamabad, Islamic militants, nuclear hazard, Pakistan, Swat Valley, Taliban, Totie Mesia, war

RP’s Bataan nuclear power plant sold for a measly $2,859 million

4/20/2009 | Posted by Anonymous | Edit Post

One of the most stupid deals that the disgraced Marcos regime left the Filipinos was the Bataan Nuclear Power Plant (BNPP)--- a white elephant which was never used because of safety concerns. Studies on the facility disclosed numerous safety-defects which made it too costly to revive after more than 3 decades of non-operation.

Built in 1976 and finished in 1984 in response to the oil crisis three decades ago, the overpriced behemoth energy facility that could have supplied the country of needed electricity was offered for sale in 2005. Only now did the nuclear plant have its buyer.

The sale surely brought back bitter recall of a useless facility in Morong, Bataan which never generated electricity, but caused Filipino taxpayers $155,000 per day for more than 30 years. It was built by the Marcos at cost of $.2.3 billion on a borrowed funding of $1.06 billion, the country’s greatest single debt obligation,

“When Marcos was overthrown by the so-called People Power Revolution in early 1986 a team of international inspectors visited the site and declared it unsafe and inoperable as it was built near major earthquake fault lines and near the Pinatubo volcano which at the time was dormant.”----Energy Bulletin (06/03/04, Wilson, K)

As scrap, Philippine government sold BNPP to a local company, the Ruberon Inc., for a give-away sum of $2,859 million (0.124% of its construction cost) ----the measly tag (doesn't include the land) for the plant’s building structures, plant equipment, and accessories apt to be recycled and sold for a profit. Ruberon’s officer on legal affairs Feliciano Clemencio had this to say of BNPP:

“Because the asset had been decommissioned, the company would dismantle the facilities, retrieve some usable materials, and then recycle it to be sold to local and foreign buyers. The trading of metals is better than opening new mining sites. This is one alternative: recycling some of the metals and melting them” ---Manila Standard (04/18-19/99, Flores, AM)

Considered an environmental hazard, the failed nuclear plant located 60 miles north of Manila is one among the best examples of mismanagement during the time of Marcos whose aftermath is still being felt by Filipinos today. The principal players in the deal were never made to account for their irresponsibility.

“The failure of the Philippines in its attempt to use nuclear energy can be traced to corruption. The nuclear plant, if designed and constructed properly, could have been used to avert a power blackout in the 1980s. The power crisis not only plunged the whole country into darkness, it crippled the local economy, especially the manufacturing sector.” ---Yehey (07/03/09, Palatino, M)

Under Pres. Cory Aquino’s watch, the BNPP’s operation was banned and written in the constitution. Subsequent administrations were unsuccessful in finding ways to make outdated BNPP useful. The debt burden of the mothballed nuclear plant had caused tremendous financial pain for the country long before the current economic crisis came. (Photo Credit: IAEA.org/ Rotaru, I) =0=

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Labels: Bataan Nuclear Power Plant, BNPP, electricity, energy, environment, Ferdinand Marcos, loss, nuclear hazard, nuclear plant, sale, Totie Mesia

UP Ibalon Bicol

Credibility: a big factor in economic recovery

Iran builds a second nuclear facility; UN stuck with a new resolution

Man-made organism opens questions on the limits of genomic science

Iran proceeds with its nuclear ambition under the noses of UN and USA

Ahmadinejad wins in Iranian election

North Korea's nuclear threats

North Korea detonates an underground nuclear bomb

More Taliban fighting in nuclear-armed Pakistan

RP’s Bataan nuclear power plant sold for a measly $2,859 million

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