Wednesday, 16 September 2015

IF THE WORLD ENDS BY 30th SEPTEMBER, IT WAS GOOD KNOWING YOU

Well folks, it's the 15th of September 2015 and if the various doomsday predictions are right, the world should end sometime during the coming fortnight.

Patriot Newswire says:-

"The World Is Going To End On 13 September 2015 And This Is Why"
https://patriotnewswire.com/2014/12/the-world-is-going-to-end-on-13-september-2015-and-this-is-why/#

Well, nothing has happened yet and we're still here but it could be too soon to tell.

"The end of the world will happen on the 23rd of September 2015, well we'll know for sure in a weeks time."
https://www.youtube.com/watch?v=Q5wVI2gZslQ

The Pope will visit the White House on 23rd September, 2015 so something "terrible" will happen. Well, let's see in a weeks time.

"9 THINGS THAT WILL HAPPEN IN SEPTEMBER 23 2015(CERN, POPE, OBAMA, ASTEROIDE)"
https://www.youtube.com/watch?v=BVU40wlcsLg

That poster cannot even spell "asteroid" correctly. Says a lot about his or her level of education.

Hopefully the Pope will tell Obama to stop supporting Al Qaeda and ISIS which has resulted in refugees fleeing to Europe in droves but will Obama listen?

I guess that's the "terrible" thing which will happen, according to these conspiracy theorists with warped minds.

Well the 23d of September 2015 is the Autumn Equinox when the sun is directly above the equator and these conspiracy theorists and prophets of doom see something inauspicious or "satanic" about that.

Remember all the hoo hah about the world ending on the 21st of December 2012 when the Mayan Long Calendar ended?

Well the 21st of December 2012 came and went and we're still here.

Oh yes. The 21st of December 2012 was the Winter Solstice that year when the sun was directly over the Tropic of Capricorn, one of those supposedly occult dates.

The U.S. imperialist invasion of Iraq began on the Spring Equinox 2003, well surely there must be something occult and inauspicious about that.

After September turns into October, I'm sure the conspiracy theorists will come up with some other impending catastrophe at some impending date, most probably on a solstice or an equinox.

Meanwhile Salam Aid Il Adha to all Muslims, Happy Deepavali to all Hindus, Merry Christmas to all Christians and Happy New Year 2016 to everyone and many more to come.

IT.Scheiss

Tuesday, 15 September 2015

CONGRATULATIONS TO JEREMY CORBYN (WITH RESERVATIONS)

COMMENT TO VIDEO OF JEREMY CORBYN's VICTORY SPEECH

https://www.youtube.com/watch?v=xmgvhn13WPk

Congratulations Jeremy on your win.

I sincerely hope that you will take your party back to its roots in serving the interests of the British labour movement and that you will end Britain's military involvement in the service of U.S. imperialist aggression in the world.

It is high time that someone stands up to oppose the neo-liberal misery imposed upon the British workers and people since Margaret Thatcher was elected in 1979.

Roll back the measures imposed since Thatcher to curtail the power of British trade unions and reverse the wave of neo-liberal privatisations imposed on Britain's key industries, colleges, universities, the health service and so forth. Reinstate the principals of Clause IV.

However, I keep my fingers crossed and reserve my final judgement of you until you prove by your actions when elected as Britain's government, and I sincerely hope that you do not let the British workers and people down, like Syriza has done in Greece.

La Luccha Final
(The final conflict)

PS. The support which Jeremy Corbyn has received and the resurgence of enthusiastic support for traditional Labour Party policies is proof positive of pent up frustrations over the misery resulting from neo-liberal policies imposed by Thatcher and subsequent pro-capitalist New Labour Party leaders such as Tony Blair who made Britain subservient to U.S. imperialism and to the finance capital (the banksters).

You will not have read of or seen such scenes of workers and people fighting back against capitalist austerity on foreign or domestic mainstream LIE MEDIA but these protests are going on all around the world right now.

https://www.youtube.com/watch?v=i86W93OPP2U

However, as mentioned in my comment to Corbyn, I reserve my final judgement of him until he proves himself to hold true to his words in his actions when finally elected Prime Minister.

After the treachery and betrayal of the Syriza government in Greece led by Alexis Tsipras, I will not count any chickens until they are hatched.

However, the key difference between Corbyn, the Labour rank and file and the trade unions is that they are solid working class, whilst the "radical leftists" of Syriza including Tsipras are a hodge podge of middle class, radicals who emerged from the student movement.

If Corbyn and Labour live up to their words in action, they could set in motion a massive pendulum swing which will sweep away the misery imposed upon the people of the world by neo-liberal policies dictated by imperialist agencies such as the IMF, the WTO, World Bank and so forth for over 30 years since Thatcher and Reagan.

However, until Corbyn proves himself in action, I keep my fingers crossed.

Wednesday, 9 September 2015

NOW HAVEN'T I BEEN SAYING THIS ALL THESE YEARS?

Well, well, well! Now haven't I been saying this all these years against the torrent of bullshit from paperback writer futurists and the opportunistic, brain dead management CON-sultants who have been parroting the mantra that Malaysia can "move up the value chain" from manufacturing to information and services industries to become a "knowledge-based economy by the year 2020"?

For years, government ministers, civil servants and management types had been chanting the mantra that Malaysia's productivity has decline dangerously compared to our neighbours, so we "must move up the value chain" to more "highly skilled, knowledge intensive activities in high technology, knowledge-based industries".

Oh! how I squirm when I hear such obfuscating terms by spin doctors. Welcome to this new language called "Managementese".

That often made me wonder whether these guys did not know that productivity is measured in terms of output per worker per unit time or whether did they know but were lying through their teeth when they actually meant that Malaysia's labour had become expensive compared to our neighbours, hence "less productive".

Often in conversation over coffee or tea, people talk about how the economies of our neighbours such as Thailand, Vietnam and Indonesia are rising whilst Malaysia's economy is in decline.

Well, what's been happening is that manufacturing and assembly industries have been moving out of Malaysia to these countries as well as to China.

And, now, a respected regional business publication the Nikkei Asian Review asks whether Malaysia is now paying for having downplayed manufacturing.

Of course yes - manufacturing has to move away from just screwdriver assembly to the design and development of unique, innovative and quality products and materials, rather than what we have now where many manufacturers just rebadge and rebrand generic products from China.

Anyway, I guess after this, there will be plenty of management CON-sultants scrambling to change their well worn script to one which champions manufacturing, now that Nikkei has debunked the notion of services as an "engine of growth to replace manufacturing".

BTW. I understand that shares of furniture manufacturers which export their products to the U.S., Europe and other developed countries are good investments now that the Malaysian ringgit is down at around RM4.30 to the U.S. dollar.

I rest my case.

Read on

IT.Scheiss




August 16, 2015 7:00 am JST Currency meltdown

Malaysia might pay for downplaying manufacturing

HIROSHI MURAYAMA, Nikkei senior staff writer

BANGKOK -- As emerging countries develop, they tend to shift their engine of growth from manufacturing to the service sector out of a belief that higher costs associated with growth erode manufacturers' export-competitiveness. But enhancing added value in services is no easy task, and putting manufacturing on the back burner can lead to stagnation.

     For Malaysia, such a gloomy scenario might become a reality.

     "I didn't know there used to be a factory here," a truck driver delivering rice to a nearby supermarket says, looking at a building construction site across the street. Chic houses line this neighborhood of Petaling Jaya, a city next to Kuala Lumpur in the state of Selangor.

     A Panasonic group air conditioner factory stood at the site just several years ago. The property developer that acquired the site is now building a complex to house a shopping mall with office space on top. Similar projects are underway in many parts of the area.

     Petaling Jaya was an industrial hub. But once an emerging country's per capita gross domestic product exceeds $5,000 or so, simple assembly is not enough to sustain growth. Malaysia's per capita GDP crossed the threshold back in 2005. Because manufacturers moved production to countries with late development and lower costs, growth in early-developing emerging countries slowed, plunging their economies into the doldrums.


     As prime minister from 2003 to 2009, Abdullah Ahmad Badawi aimed to avoid this trap by shifting his country's focus from manufacturing to Islamic finance and other services. Growth was maintained, and ex-factory workers got jobs at malls and offices. Manufacturing's contribution to the economy fell from 31% in 2004 to 25% in 2013, according to the Japan External Trade Organization.

     Malaysia maintained growth of at least 5% per annum almost every year, and the shift in its industrial structure apparently succeeded -- until the ongoing currency crash revealed worse-than-expected weakness. The ringgit lost 10-20% in the first half of 2015 year on year, but exports fell 3.1%. As domestic demand softens, the brakes have been put on foreign demand, making slower growth unavoidable.

     A softer currency normally helps lift exports. But with Malaysia's manufacturing weakening, its cheaper currency is not leading to more exports. Having manufacturers that can ship goods abroad provides tolerance to a financial crisis. During the 1997 Asian currency crisis, the ringgit and Thailand's baht tumbled, triggering economic chaos. But the weaker currencies strengthened manufacturing's competitiveness, and exports helped bring about rapid economic recoveries, guiding the countries out of the crisis.

     The situation was different in Argentina and elsewhere in South America, where a quick economic turnaround did not happen even after the currency dropped. Economic data explains this: Manufacturing accounted for 38% of Thailand's GDP in 2013 but just 13% in Argentina's. Malaysia's ability to weather a crisis is sure to erode if manufacturing's contribution there continues to shrink.

     South Korea and Taiwan alone have escaped the pitfall of middle-income nations and boosted their economies to a level close to those of industrialized countries. Both have rising manufacturing ratios: South Korea's climbed from 24% in 2004 to 29% in 2013, while Taiwan's increased from 25% to 31%. That they did not focus too hard on the service sector, and enhanced production technologies, helped sustain their growth.

     To increase a country's GDP, such services as real estate, finance and tourism might seem attractive as alternatives to manufacturing. But taking that route does not guarantee long-term growth, given that the service sector will face intense competition with developed economies. Going beyond simple assembly work is a key issue for not only Malaysia, but also other middle-income nations.