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Saturday, February 14, 2009

[ALOCHONA] Re: [notun_bangladesh] Re: Policymakers certain recession will hit economy next fiscal in Bangladesh

This is the only you since you live in a closed box, you even don't know the color of the sky.  There are thousands of people who support CBd except you which is very acceptable.  CBd will not support one particular party and one type mentality,  you need to be pro Bangladesh, not to pro one party.
 
People in the blogs and internet media know about your closed minded attitude and you are welcome in this free world, but not welcome to degrade others in name of protecting your own interest and your own party.  Welcome to the new world.
 
Regards,
M. M. Chowdhury (Mithu), USA


--- On Fri, 2/13/09, Shamim Chowdhury <veirsmill@yahoo.com> wrote:
From: Shamim Chowdhury <veirsmill@yahoo.com>
Subject: [notun_bangladesh] Re: Policymakers certain recession will hit economy next fiscal in Bangladesh
To: notun_bangladesh@yahoogroups.com
Date: Friday, February 13, 2009, 9:07 PM

Change Bangladesh is a dishonest anti democratic so-called web based fotkabazi organization. We have seen how this banner was used to support Gen. Moeen and his illegitimate military rule. Change Bangladesh was used by M.M. Chowdhury Mithu to provoke last military government to prosecute expatriate decedent voice. Their activity is very much similar to recently investigated organization JUBOK of Bangladesh for criminal fraudulent activity.

 

Gaya Manana Apna Morol mentality must be rejected.

 

Shamim Chowdhury

Maryland, USA
--- In notun_bangladesh@ yahoogroups. com, "M. M. Chowdhury \(Mithu\)" <cgmpservices@ ...> wrote:
>
> I have been pushing and asking our Bnagladesh policymakers for the last 5 weeks to put CBd's proposal and Strategies in place to survive in this upcoming financial nightmare in Bangladesh. 
> Our current Govt just acknowledged CBd, USA advice.  I wish they would take CBd, USA advice earlier with strong enthusiasm and importance. 
> CBd welcomes Bangladesh policymakers gesture and acknowledgment.
> Note:  CBd is not against either AL or BNP,  CBd is a pro Bangladesh Organization based in USA.  CBd will support anybody or parties as long they work to help the people of Bangladesh and work on making their future better.  CBd helps Bangladesh previous and new Govts with new strategic policy advice and other development works in Bangladesh.
>  
> Regards,
> M. M. Chowdhury (Mithu), USA
> Director, Political and Economical Development in Bangladesh
> Change Bangladesh Organization (CBd), USA
> www.changebanglades h.org
>  
> Policymakers certain recession will hit economy next fiscal
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> The government’s policymakers are now certain that the global recession is going to hit the country’s economy - possibly in the next fiscal year, if not this fiscal year, reports UNB.
> They were, however, not yet certain to what extent the recession could affect the so far satisfying performance of the economy as compared to other countries in South Asia.
> Meanwhile, a high-level committee is in the offing early next month to assess the possible setback and suggest remedial measures.
> Prime Minister’s Economic Affairs Adviser Dr Mashiur Rahman told reporters of the obvious impact today (Thursday), emerging out of a meeting between Finance Minister AMA Muhith and visiting IMF director for Asia Pacific Department Anoop Singh at the Finance Ministry.
> He accompanied the Minister along with Finance secretary Dr Muhammad Tareque during the discussion on the possible impact of global recession on the country’s economy. IMF resident representative Jonathon C Dunn was also present.
> “The recession has not yet affected our economy, but it’ll,� Dr Mashiur said, after reviewing overall situation of the recession. “Nobody can say till now to what extent the impact will be.�
> He said the government has kept a close watch on the situation, particularly on the impact of remittance, and has been reviewing the situation from time to time.
> The PM’s economic adviser said the government is considering to establish a committee with government and civil society representation while the body would undertake possible measures through consultation.
> Earlier, the Finance Minister had told reporters that the first meeting of the proposed committee would be held early next month (March).
> Replying to a question, Dr Mashiur said that he has got some responsibilities to oversee economic issues while he has a catalytic role to expedite proper implementation of the measures to be taken by the government.
> What he does, he said, is to discuss the issues like the possible impact of the recession with the Finance Minister and the Planning Minister. Dr Mashiur added that he has no difference of opinion or problem working with them as they were his senior colleagues in the past.
> “How we can implement the pre-election pledges are being decided through discussion among us,� said the PM’s adviser.
> Finance Minister AMA Muhith said the economic condition of the country remained good so far and there is nothing to be worried about the impact during the current fiscal year. “We’ll have to think about the next fiscal year,� he said.
> Talking to reporters after the meeting, IMF director Anoop Singh said Bangladesh remained well-protected with reasonably good economic indicators while most of the economies in the world have been affected by the recession.
> He agreed with the policymakers here that the economy is unlikely to be affected by the recession in the current fiscal year. The country’s readymade garment export remained well-positioned compared to its competitors due to lower-end products, Singh said.
> He added that the government was also deeply considering about the RMG industry.
>
> --- On Sun, 2/8/09, M. M. Chowdhury (Mithu) cgmpservices@ ... wrote:
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> From: M. M. Chowdhury (Mithu) cgmpservices@ ...
> Subject: Financial and Strategic Warning to Current Govt in Bangladesh
> To: cgmpservices@ ...
> Date: Sunday, February 8, 2009, 7:34 PM
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> I am so much worried about few of Moran Ministers in Bangladesh that they may sink the ship in Bangladesh while they are in driver seats.  The reason of my frustration is that they are stoning wrong birds to accomplish people needs.  Now I am hearing the following statements:
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> 1) Exports start seeing recession fallout: Muhith,  This is too late realization per MM Chowdhury
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> 2) Signing Transit Agreement with India is not ripe time yet.  Every country is building bunkers for their survival, nobody will give you more, so signing with them won't help you a penny.
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> 3) South Asian Security Force.  A recipe for a disaster unless Bangladesh is Iraq or Afghanistan situation.  US canceled TIFA since they are in big hole in financial situation.
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> 4) Trail of Razakars should be second priority under the current financial condition of Bangladesh.  This will take off our real focus of emergency needs in Bangladesh.
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> 5) Law and Order is deteriorating - Taj.  This is the benchmark for any Govt success.
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> 6) Mr. Zillur as a President is a wrong choice in wrong time.  Bnagladesh needs a dynamic, strong, visionary person to lead Bangladesh in this tough time.  No time to bring oxygen tanks and carry all places.
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> The bottom line is that why either AL or BNP parties does not have qualified people to run Bangladesh and establish the priorities that they need to focus.  I am more than convinced now that Current Govt needs to bring expertise and experiences NRBs to develop few strategic plan and focus which will help Bangladesh next 3-4 years.
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> I hope that someone in AL Govt listening my call.  Even they do not listen to me,  I have nothing to loose but I believe that I should do for Bangladesh as much as possible with my power and limitation.
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> God Bless Bangladesh and help poor people in this coming financial storm. 
>  
> Regards,
> M. M. Chowdhury (Mithu), Virginia, USA
> www.changebanglades h.org
>
> --- On Sun, 2/1/09, M. M. Chowdhury (Mithu) cgmpservices@ ... wrote:
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> From: M. M. Chowdhury (Mithu) cgmpservices@ ...
> Subject: Bangladesh Needs Local Stimulate Package
> To: cgmpservices@ ...
> Date: Sunday, February 1, 2009, 9:25 PM
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> The following are real strategies which will help Bangladesh to ride over this upcoming financial turmoil:
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> 1) Provide stimulate package to ICT companies and provide all Govt ICT projects to locals to make digital Bangladesh.  If some one in current Govt knows what digital means to them.  Use local programmers and networking engineers to employ as much as possible.  This will create enough works to keep ICT going with creating more jobs.
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> 2) Provide enough finance to build the Pharmaceuticals park at Munshigonj.  20% works was done, complete this projects which will create huge jobs for now.
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> 3) Since overseas market is bad,  few of NRBs might be interested to come back Bangladesh to develop this country with their expertis and experiences.  Govt needs to make sure to provide tax free income during their stay in Bangladesh like Middle Eastern Countires.  Provide enough facilities and security to perform their work during living in Bangladesh.
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> 4) If there is less corruption in Bangladesh,  NRBs might be interested to invest in Bangladesh to take opportunity during this financial turmoil.
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> 5) Bangladesh Govt needs to adopt new policy to attract NRBs in Bangladesh.
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> Regards,
> M. M. Chowdhury (Mithu), Virginia, USA
> www.changebanglades h.org
>
> --- On Fri, 1/30/09, M. M. Chowdhury (Mithu) cgmpservices@ ... wrote:
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> From: M. M. Chowdhury (Mithu) cgmpservices@ ...
> Subject: Perfect Storm is coming to Bangladesh
> To: cgmpservices@ ...
> Date: Friday, January 30, 2009, 5:28 PM
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> Dear All,
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> You may wonder what kind of storm I am talking about.  It's  economical storm that Bangladesh never experienced before.  I am little bit worried that economists and present Minsters in Bangladesh are not paying much attention about this storm.  Well the problem is that if you do not know a Storm is coming, then you won't be prepared for it.  There will be a situation that we will start blame game, he or she didn't tell me, I didn't know, nobody even PM didn't say this.  Well then listen from me please.
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> My conservative estimate is that economical storm in the world will exist until 2012,  if you can ride on this storm, then you will survive, if you can't then good luck.  I like to provide few strategic outlines what to do in this perfect economical storm in Bangladesh.
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> 1) Current Govt should recognize that a perfect storm is coming.  If USA could recognize this storm in 2006,  USA won't be in this position now.
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> 2) Put resources in place so Govt can take care its people and feed them trough out the storm period.
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> 3) Stop biased or favoritism in Bangladesh.  Once I am hungry,  I won't say I am AL or BNP,  all I will say give me food and job to survive.  So based on basis of human rights,  its current Govt duty to help people regardless his or her party affiliations.
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> 4) Bangladesh Real Estate bubble will be burst within year and so, so Govt should be prepared with huge layoff in that sector as well as other sectors.  Most of the Real Estate bubble in Bangladesh were created by NRBs and corrupted money in Bangladesh.  NRBs are real squeeze in financial aspect and won't be able to continue support the sky rocket price of land and apartments in Bangladesh.
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> 5) Pharmaceuticals is the only sector which is recession proved in Bangladesh.  I have asked BNP Govt in 2005 to modernize this sector, CTG in 2007 and I am asking AL Govt in 2009 to pay attention and use NRBs expertise to develop this sector.  This is the only sector that you have no choice but to bring experts NRBs in Bangladesh to develop this sector for future growth.
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> 6) NRBs and people in Bangladesh should lower their life style to ride on this storm.  Excessive waste will bring up other people's misery.
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> God Bless Bangladesh and help her 150 Million poor people in this coming perfect Storm.
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> Note:  My advise is not to direct any individuals or parties or NRBs, but to reach out to them and what we can do for the people during this bad economical  times.
>  
> Regards,
> M. M. Chowdhury (Mithu), USA
> Director, Political and Economical Development in Bangladesh
> Change Bangladesh organization, USA
> www.changebanglades h.org
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> --- On Tue, 1/20/09, M. M. Chowdhury (Mithu) cgmpservices@ ... wrote:
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> From: M. M. Chowdhury (Mithu) cgmpservices@ ...
> Subject: [khabor.com] Why USA won't able to get out of this financial mess
> To: cgmpservices@ ...
> Date: Tuesday, January 20, 2009, 12:41 PM
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> Dear All,
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> I think and believe that we in USA are concern like any others about financial impact in USA and rest of the world and where this will lead us in the next 8 years.  I congratulate President Obama for taking the USA leadership but I am cautious like others even though I have campaign for Obama among Bangladeshi Community in USA.
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> Let's see the scenario why USA is in this position which is very different than 1930's and what steps should be taken for the incremental improvement.
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> Reasons for this mess
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> 1) More than $20T, start with Trillion dollars of investors money has been lost in the last 12 months including personal 401K money. So the people confidence in companies is lower than ever.
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> 2) More than 500,000 jobs have been cut per month by companies in USA, if it's continue then at the end of 2009 total 6 million jobs will be lost.  Adding 2 million jobs already have been lost in the last 24 months.  This is creating a nightmare for the consumers to spend  discretionary money.
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> 3) Two third of the economy are depended on consumer spending,  when consumer stopped buying like before,  companies can not make money, their stocks goes down and companies start laying off to make baseline profit for the company.  This is called a cycle of uncertainty.
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> 4) Biggest problem is that USA consumers has borrowed two times of their house worth for the last 5 years.  For example, if a house price is $100K in 1999, it went up to $300K in 2006, so extra $200K was borrowed from foreign countries to mortgage people's houses in USA.  Therefore, deficit went over the roof.  If this is continued,  few wealthy countries might not be interested to invest in USA like before because losing confidence into USA economy and their investment returns.
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> 5) Once people lost jobs, they can not afford to pay high mortgage which they could not afford at the first place.  US Govt can not pay everybody extra interest for the mortgage they owe to banks.  This might come over $10T, start with Trillion.
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> 6) Once companies make less money, the Govt tax collection also becomes low.  So more deficit for USA.  Intake is higher than delivery.
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> 7) USA does not have leadership of many technologies like before, so USA has more competitors than before i.e. China and India.
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> 8) More liability for baby boomers in years ahead, means need more money to take care her citizens like Social Security and Medicare.
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> 9) Iraq war alone costs USA close to $1T and need another $1.2T to take care veterans health and financial liabilities.
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> 10) Dollar might go down compare to others currency once foreign countries start withdraw their investment or stopped new investment in USA, i.e.  stop buying USA Bond.
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> Options to way of of this mess:
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> So what do USA have now?  President Obama's sweet talks might not bring much fruits unless he can show leadership and put new policies in place very quickly, so situation does not get out of control.  I personally think that President Obama should do the following for the love of this country.
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> 1)  President Obama should provide executive order to cut military budget of $465B to only $50B.  Bring all military installation back home unless foreign countries provide the bill.
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> 2) Provide middle class incentives as soon as possible.
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> 3) Stop giving big money to banks but give direct loan to consumers from Govt Treasure.  I know it does not sound Capitalist,  but US Govt does not have any other option.  For example,  If I know that this consumer will not able to pay back my money,  I won't make loan to him even I get pressured from Govt unless Govt takes all the toxic assets.  Same situation, Banks are not lending even they got US Govt money.  Banks know consumers do not have enough money or may lose job soon whichever is first.
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> 4) Provide stimulate money if there is any Corrective and Preventive Action (CAPA) in place for the new projects which will create jobs.
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> I hope and pray US gets out of this mess but I am very pessimistic now based on the scenario I have presented you here, unless miracle happens in USA.
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> God bless USA and her people.
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> Regards,
> M. M. Chowdhury (Mithu), Virginia, USA
> www.amreteckpharma. com
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>



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