My Anthem

Saturday, October 11, 2008

virginallesson some of our leaders can do wit'

From Aus.com.news:

She's the 105-year-old virgin
From correspondents in London
October 10, 2008 09:45pm
Article from: Agence France-Presse

A BRITISH virgin who celebrated her 105th birthday this week said the secret to long life was celibacy, adding that she imagined sex was a "lot of hassle".

Clara Meadmore, who marked her birthday with a drop of wine at the Perran Bay nursing home in Cornwall, south-west England, also received a card from Queen Elizabeth II.

"People have asked me whether I am a homosexual and the answer is no," Ms Meadmore said.

"I have just never been interested in sex.

"I imagine there is a lot of hassle involved and I have always been busy doing other things."

Born in Glasgow, Scotland, in 1903, Meadmore lived in Canada and New Zealand as a child before returning to Britain in her 20s to work as a secretary and housekeeper.

She served with the army in Egypt during World War II, and subsequently lived in London and New Zealand before retiring 40 years ago in Cornwall.

DESIDERATA:


Why did Desi do such a title for his post?

Answer:

First there was Vijandran sextapes.
Then there was ChuaSoiLek sextapes.
Then, once-upon-a-time in Port DICKson, there was a Z(D)iana sexcapade. Wit' a premier 2B or not 2B, that's knot the question. That we leave to the Bard. The Bastard may have the tape. Or the religious department. PAS or UMNO skodeng squad may also have one/wan.

Whatever, people spend so much time charging people for sodomy when there was none, or if there was any -- WHAT'S THY BUSINESS PEEPING INTO PEOPLE'S BEDROOM OR CONDO?
You sitting in Putrajaya deluxe offices, please learn from that 100+ lady about being productive -- STAY and DO A VIRGINAL DANCE like Madonna.

For one sohai FM who stll says Malaysia's economy is still strong in its fundamentals, here's a message from NYTimes.com:

Moment of Truth

By PAUL KRUGMAN
Published: October 9, 2008

Last month, when the U.S. Treasury Department allowed Lehman Brothers to fail, I wrote that Henry Paulson, the Treasury secretary, was playing financial Russian roulette. Sure enough, there was a bullet in that chamber: Lehman’s failure caused the world financial crisis, already severe, to get much, much worse.

The consequences of Lehman’s fall were apparent within days, yet key policy players have largely wasted the past four weeks. Now they’ve reached a moment of truth: They’d better do something soon — in fact, they’d better announce a coordinated rescue plan this weekend — or the world economy may well experience its worst slump since the Great Depression.

Let’s talk about where we are right now.

The current crisis started with a burst housing bubble, which led to widespread mortgage defaults, and hence to large losses at many financial institutions. That initial shock was compounded by secondary effects, as lack of capital forced banks to pull back, leading to further declines in the prices of assets, leading to more losses, and so on — a vicious circle of “deleveraging.” Pervasive loss of trust in banks, including on the part of other banks, reinforced the vicious circle.

The downward spiral accelerated post-Lehman. Money markets, already troubled, effectively shut down — one line currently making the rounds is that the only things anyone wants to buy right now are Treasury bills and bottled water.

The response to this downward spiral on the part of the world’s two great monetary powers — the United States, on one side, and the 15 nations that use the euro, on the other — has been woefully inadequate.

Europe, lacking a common government, has literally been unable to get its act together; each country has been making up its own policy, with little coordination, and proposals for a unified response have gone nowhere.

The United States should have been in a much stronger position. And when Mr. Paulson announced his plan for a huge bailout, there was a temporary surge of optimism. But it soon became clear that the plan suffered from a fatal lack of intellectual clarity. Mr. Paulson proposed buying $700 billion worth of “troubled assets” — toxic mortgage-related securities — from banks, but he was never able to explain why this would resolve the crisis.

What he should have proposed instead, many economists agree, was direct injection of capital into financial firms: The U.S. government would provide financial institutions with the capital they need to do business, thereby halting the downward spiral, in return for partial ownership. When Congress modified the Paulson plan, it introduced provisions that made such a capital injection possible, but not mandatory. And until two days ago, Mr. Paulson remained resolutely opposed to doing the right thing.

But on Wednesday the British government, showing the kind of clear thinking that has been all too scarce on this side of the pond, announced a plan to provide banks with £50 billion in new capital — the equivalent, relative to the size of the economy, of a $500 billion program here — together with extensive guarantees for financial transactions between banks. And U.S. Treasury officials now say that they plan to do something similar, using the authority they didn’t want but Congress gave them anyway.

The question now is whether these moves are too little, too late. I don’t think so, but it will be very alarming if this weekend rolls by without a credible announcement of a new financial rescue plan, involving not just the United States but all the major players.

Why do we need international cooperation? Because we have a globalized financial system in which a crisis that began with a bubble in Florida condos and California McMansions has caused monetary catastrophe in Iceland. We’re all in this together, and need a shared solution.

Why this weekend? Because there happen to be two big meetings taking place in Washington: a meeting of top financial officials from the major advanced nations on Friday, then the annual International Monetary Fund/World Bank meeting Saturday and Sunday. If these meetings end without at least an agreement in principle on a global rescue plan — if everyone goes home with nothing more than vague assertions that they intend to stay on top of the situation — a golden opportunity will have been missed, and the downward spiral could easily get even worse.

What should be done? The United States and Europe should just say “Yes, prime minister.” The British plan isn’t perfect, but there’s widespread agreement among economists that it offers by far the best available template for a broader rescue effort.

And the time to act is now. You may think that things can’t get any worse — but they can, and if nothing is done in the next few days, they will.


More Articles in Opinion » A version of this article appeared in print on October 10, 2008, on page A33 of the New York edition.

1 comment:

Ted Torrence said...

New Polls on UMNO: -
1. Should Members of Barisan Nasional converge to form a Single MULTIRACIAL Party?
2. Who do you want as the new Youth Chief for UMNO?
3. Who do you want as the new Deputy President for UMNO?
HERE - http://thexblogs.blogspot.com/