Peaceful Burma (ျငိမ္းခ်မ္းျမန္မာ)平和なビルマ

Peaceful Burma (ျငိမ္းခ်မ္းျမန္မာ)平和なビルマ

TO PEOPLE OF JAPAN



JAPAN YOU ARE NOT ALONE



GANBARE JAPAN



WE ARE WITH YOU



ဗိုလ္ခ်ဳပ္ေျပာတဲ့ညီညြတ္ေရး


“ညီၫြတ္ေရးဆုိတာ ဘာလဲ နားလည္ဖုိ႔လုိတယ္။ ဒီေတာ့ကာ ဒီအပုိဒ္ ဒီ၀ါက်မွာ ညီၫြတ္ေရးဆုိတဲ့အေၾကာင္းကုိ သ႐ုပ္ေဖာ္ျပ ထားတယ္။ တူညီေသာအက်ဳိး၊ တူညီေသာအလုပ္၊ တူညီေသာ ရည္ရြယ္ခ်က္ရွိရမယ္။ က်ေနာ္တုိ႔ ညီၫြတ္ေရးဆုိတာ ဘာအတြက္ ညီၫြတ္ရမွာလဲ။ ဘယ္လုိရည္ရြယ္ခ်က္နဲ႔ ညီၫြတ္ရမွာလဲ။ ရည္ရြယ္ခ်က္ဆုိတာ ရွိရမယ္။

“မတရားမႈတခုမွာ သင္ဟာ ၾကားေနတယ္ဆုိရင္… သင္ဟာ ဖိႏွိပ္သူဘက္က လုိက္ဖုိ႔ ေရြးခ်ယ္လုိက္တာနဲ႔ အတူတူဘဲ”

“If you are neutral in a situation of injustice, you have chosen to side with the oppressor.”
ေတာင္အာဖရိကက ႏိုဘယ္လ္ဆုရွင္ ဘုန္းေတာ္ၾကီး ဒက္စ္မြန္တူးတူး

THANK YOU MR. SECRETARY GENERAL

Ban’s visit may not have achieved any visible outcome, but the people of Burma will remember what he promised: "I have come to show the unequivocal shared commitment of the United Nations to the people of Myanmar. I am here today to say: Myanmar – you are not alone."

QUOTES BY UN SECRETARY GENERAL

Without participation of Aung San Suu Kyi, without her being able to campaign freely, and without her NLD party [being able] to establish party offices all throughout the provinces, this [2010] election may not be regarded as credible and legitimate. ­
United Nations Secretary General Ban Ki-moon

Where there's political will, there is a way

政治的な意思がある一方、方法がある
စစ္မွန္တဲ့ခိုင္မာတဲ့နိုင္ငံေရးခံယူခ်က္ရိွရင္ႀကိဳးစားမႈရိွရင္ နိုင္ငံေရးအေျဖ
ထြက္ရပ္လမ္းဟာေသခ်ာေပါက္ရိွတယ္
Burmese Translation-Phone Hlaing-fwubc

Thursday, October 16, 2008

World recession fears shake markets

http://english.aljazeera.net/business/2008/10/2008101520730136627.html



e US government said it would buy stakes in troubled financial institutions [AFP]

US stocks have suffered their worst day since the 1987 stock market crash, capping a day of losses around the world amid fears a global recession may be unpreventable.

The Dow Jones industrial average plunged to close eight per cent, or 733 points, lower at 8,577 on Wednesday, despite reports of strong profits from large companies such as Coca-Cola and Intel.

Investors' mood soured after a government report showed that sales at US retailers last month fell by the biggest monthly drop in more than three years.

The news shook the markets as consumer spending accounts for two-thirds of US economic activity.

John Terret, Al Jazeera's correspondent in New York, said: "It has been another terrible day in New York City.


"There are concerns that the bailout of banks won't work, banks still will not lend and there are worries of a US and global recession.

"The Dow has opened positive for only one day in October."

Recession fears

Markets in Australia, South Korea, China and Taiwan also fell on Wednesday, though Japanese share prices ended the day up 1.06 per cent, extending the previous day's record gains.

Share prices in Europe plunged as fears of a coming recession grew.

At the close, Frankfurt's Dax 30 index slipped by 6.49 per cent to 4,861 points, French stocks dipped 6.82 per cent to 3,381 points and London's FTSE100 finished down 7.16 per cent to 4,079 points.

"After the colossal gains achieved at the start of this week, it would seem that the hangover has kicked in and investors have sobered to the reality that recession is here," Andrew Turnbull, senior sales manager at ODL Securities, said.

Recession

The head of San Francisco's branch of the US Federal Reserve on Tuesday said that the US economy "appears to be in recession".

"The recent flow of economic data suggests that the economy was weaker than expected in the third quarter, probably showing essentially no growth at all," Janet Yellen said.

IN DEPTH


How the financial bubble burst

Q&A: The US financial meltdown

Reacting to the financial crisis

Wall Street gripped by uncertainty




"Growth in the fourth quarter appears to be weaker yet, with an outright contraction quite likely," she said. "Indeed, the US economy appears to be in a recession."

Recession is broadly defined in the United States as more than two quarters of decline in real gross domestic product.

"All the good news has now come out," Masatoshi Sato, a broker at Japan's Mizuho Investors Securities, said, referring to the bailouts and rescues. "Attention has now shifted to the real economy."

A handful of countries, including New Zealand, Ireland and Singapore have already confirmed that they are in a recession, while Japan and Germany, the world's second and third-biggest economies, have said they were on the brink of a downturn.

"We have to expect a weakening of growth," Angela Merkel, the German Chancellor, said on Wednesday. She added that the slump would not be a sustained economic downturn.

Merkel made the comments ahead of a European Union summit meeting, at which Gordon Brown, the British prime minister, called for changes to the global economic system.

"If we are going to sort out global financial problems that are recognised to be global, we need better ways of doing this," he said after meeting Jose Manuel Barroso, the European Commission president.

"The IMF has got to be rebuilt as fit-for-purpose [for the] modern world. We need an early warning system for the global economy."

The leaders of the G8 group of industrialised countries - the US, UK, Germany, France, Italy, Japan, Canada and Russia - said in a statement that changes had to be made to the "regulatory and institutional regimes for the world's financial sectors".

They agreed to hold a summit with other nations in the near future to discuss the crisis.

Emergency fund

Meanwhile, South East Asian nations, along with Japan, China and South Korea, agreed to set up a multi-million fund to buy up debts and support the region's banks, Gloria Arroyo, the Philippines president, said.

"The facility can be used to purchase what the bankers call 'toxic assets' and recapitalise troubled financial institutions and private companies," she said.

Arroyo said that the World Bank had committed to initially provide $10bn to the fund.

Analysts said there was no immediate need to recapitalise banks or companies in Asia as few were exposed to the crisis, although Asian financial markets have been badly hit by contagion.

"There is no such pressing need in Asia yet for such a fund. But it is a good development as it will prepare Southeast Asian nations to better take care of any banking problems that may occur," Ritesh Maheshwari, a primary credit analyst at Standard & Poor's rating agency, said.

Governments around the world have pledged around $3.2 trillion in a variety of schemes to combat the worst financial crisis in decades which has caused the failure of several financial institutions around the world.

Also on Wednesday, Iceland's central bank cut interest rates by 3.5 per cent from a record high of 15.5 per cent as it struggled to deal with the impact of the global credit squeeze on its economy, which is heavily weighted to the banking industry.

'Objectionable'

Henry Paulson, the US treasury secretary, said a day earlier that the US plan to buy stakes in financial institutions was "objectionable", but necessary.

"Today's actions are not what we ever wanted to do," he said. "But today's actions are what we must do to restore confidence to our financial system."

Nine banks have agreed to join the US government programme, including Citigroup, Goldman Sachs, Morgan Stanley and Bank of America.

Banks signing up will have to agree to limits on executive pay and other benefits, Paulson said.

The plan will also temporarily guarantee all non-interest bearing transaction accounts, providing some relief for small businesses, and most new debt issued by insured banks .

"These measures are not intended to take over the free market, but to preserve it," Bush said of the government intervention that many economists regard as contrary to the US core principles of free-market capitalism.

0 comments: