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Monday, February 2, 2009

[ALOCHONA] Thorns in Indo-Bangladesh relations

Thorns in Indo-Bangladesh relations

Transit plays a vital role in designing Indo-Bangladesh relations. However, the public opinion in Bangladesh is not in favour of transit, writes Wajid Ali Khan Panni

WHILE envisioning the future of Indo-Bangladesh relations in the current era of democratic optimism, I am reminded of the words of Bangabandhu. In a speech delivered in Kolkata in February 1972, he said, 'Let us bring to an end once and for all the sterile policy of confrontation between neighbours. Let us not fritter away our national resources but use them to lift the standard of living of our people.'

Unfortunately, he could not shape the destiny of South Asia through cooperation, trust and mutual assistance as he envisioned. The subcontinent not only lost the vision but also the leader. The following decades have seen ebbs and flows in bilateral relationship between India and Bangladesh, making it one of the biggest historical anachronisms.

India and Bangladesh should have had a special relationship, because India supported our war of independence and fought the war along with our freedom fighters and helped liberate Bangladesh from the oppressive rule of Pakistan. Bangladesh is the first country in the post-Second World War period to attain freedom as a consequence of struggle for liberation. Even today, the war of independence and the heroic role of Indian army live in the minds of Bangladeshis who have witnessed the traumatic years of conflict, killings and assassinations. Apart from that, India and Bangladesh share common history, heritage and cultural ethos. So it was expected that both countries will soon herald an era of mutual respect and cooperation to address the issues of poverty and economic underdevelopment.

Bangabandhu's speech indeed reflected such expectations. However, the folklore of liberation heroism did not last long in Indian political circles which ultimately affected the relationship between these two countries. Mutual respect gave way to distrust and cooperative goals were shifted to diplomats' dinner tables. Instead of exploring the possibilities of pragmatic policies, we always ended up in never-ending dialogues and accusations. But now the time has come to discuss the core issues in a realistic manner. In an era of globalisation and internationalisation of trade, the economic prosperity of India and Bangladesh is closely linked to the future of our bilateral relationship. However, both the countries have yet to find a formula, an acceptable system that can provide with the tranquillity we so desperately need, to effectively confront our enormous human needs. Hence, it is important to discuss the prospects of Indo-Bangladesh relations in the current context of democratic revival in Bangladesh.

From the perspective of a Bangladeshi, I think that we respect India and are grateful to India for playing the role of midwife in the birth of our nation. We are still a nascent democracy, trying to project our own identity as a nation amidst innumerable problems of internal chaos.. However, we hail our national spirit, political sovereignty and independence without any compromise. We are always willing to work with India on any bilateral or sub-regional issues on the basis of mutual respect as sovereign equals with full understanding that Bangladesh's territorial integrity will be respected irrespective of our internal problems and past history.

In international relations, sovereign states are always inclined to protect crucial issues of national interest irrespective of the assistance rendered to them during crisis period. It is the very basis of nation-state system. Naturally, Bangladesh took a realistic stand on issues related to border demarcation, water sharing, transit and refugee problem, etc, which was not reciprocated by India.

As a sovereign country, Bangladesh, for all its inconsistencies, has to seek answers to our impending problems. Bangladesh shares common border with India on the north, west and east. Even in the south, the Bay of Bengal is dominated by Indian naval presence. Hence, the two countries cannot ignore each other, both strategically and politically.

Bangladesh expected that India would extend her help and support in the economic development of the country through better trade relationship and investment. But India's relationship with Bangladesh was always dominated by military and security concern rather than friendship and equal status.

When there was an acute shortage of rice after the Sidr devastation, the Indian external affairs minister came to Dhaka and offered to sell 500,000 tonnes of rice, and also rehabilitation of an entire village. But in reality the rice sale had lots of problems and there is no news about the reconstruction of the village. In fact, India's flood control schemes have only compounded the same problem downstream in Bangladesh. Bangladesh's cries of despair fell on deaf ears in New Delhi.

The border demarcation dispute is still pending from the Indian side whereas Bangladesh has done its part. The maritime border demarcation is also pending with the Indian side.Though bilateral trade between the countries has increased after the 1990s, the balance of trade is significantly in favour of India. The Indian economy is larger, diversified and more advanced in industry, service, science and technology, etc. India is one of the most important sources of import of Bangladesh.

Approximately 12 per cent of Bangladesh's total imports originate in India. Imports from India far exceed $1 billion annually (unofficially almost the same amount) and are highly diversified, which makes Bangladesh one of the large clients for Indian goods, whereas exports are very small, around $100 million. Consumer industries in India are booming. Kolkata looks prosperous with its health clinics, hospitals, private schools, hotels, shopping centres minting money. I was told that Bangladeshis spend around 5-6 crore rupees a day in just Kolkata, which should give reason to India to look at us as a very important and useful neighbour.

Bangladesh is more open and liberalised, compared to India. Hence the restrictive trade policies of India also affected the balance of trade in Bangladesh. Apart from that Bangladesh has not had adequate marketing and distribution facilities in India.. Hence, Bangladesh goods often fail to penetrate the huge Indian market and compete with domestic firms which enjoy the economies of scale, competitiveness and government support.

We expect reciprocal trade relationship with India with a proactive and concessional trade linkage which will boost our export, trade and economy in general. However, India doesn't seem to be interested in initiating a proactive and facilitating role in economic relations on this ground. This asymmetric relation has indeed reflected in political sphere as well. We feel India as a big neighbour should extend help and knowledge support to Bangladesh to develop our human resources, scientific and technological innovations, social and physical infrastructure, etc. Bangladesh could have been an ideal place for Indian entrepreneurs to invest in consumer industries whose products could have been exported to the Seven Sister States, and then the pressure for transit would have not been there. However, India was not forthcoming to take active role in emancipating the small neighbour without interfering in territorial integrity.

The slow progress in economic issues between the two countries is due to the fact that Indian military and security establishments play a major role in shaping foreign policy. India suspects that Bangladesh is supporting insurgency movements in its north-eastern region and giving infrastructure support to jihadi forces. India has been demanding for transit facility through Bangladesh because the economic revival of the Seven Sisters depends on a road channel through Bangladesh. In fact, transit plays a vital role in designing Indo-Bangladesh relations. However, the public opinion in Bangladesh is not in favour of transit. Moreover, the physical infrastructure in the country is not developed to carry additional vehicular transport within the territory.

Bangladesh has neither the money nor the technical expertise to modernise internal transport system to accommodate goods passage from India. Strategic and security related concerns will also emerge since north-east is a melting spot of Indian territory. Hence, India should realise the sensitive nature of the transit issue and the practical difficulties involved in it. So, there is a need for icebreaking from both sides on the transit issue. If India can redesign the trade and investment policy to help and emancipate Bangladesh economy through more investment, concession in exports and assistance for infrastructure development, it will definitely create a favourable public opinion in Bangladesh which will ultimately lead to the amicable solution of the transit issue.

Another bone of contention between India and Bangladesh is the issue of illegal migration to West Bengal. However, the Bangladesh government denies that the country has ever encouraged anti-Indian movements in the north-east. Regarding the danger of terrorism, Bangladesh offered support and highlighted the need for a joint task force to counter terrorist attacks within the subcontinent. In fact, the recent election result in our country has ultimately proved the victory of secularism and democracy amidst the widespread propaganda about the Talibanisation of Bangladesh by extremist forces.

Leaders practising divisive politics and narrow-minded policymakers also contributed to the strained relationship between Bangladesh and India. In Bangladesh, it was believed that anti-Indian slogan was sure to get popular votes in elections. There was a misconception that the masses in Bangladesh view India as a factor for their own economic and political problems. However, the recent election verdict again proved that India-bashing is not necessary to win elections. For, the people of Bangladesh are more concerned about the efficiency and capability of the internal political system rather than outside factors. There is, however, no denying the fact that seeds of hatred was sowed in the minds of people from both sides despite common ethos they share and inherit. We should realise the foolishness of the hatred campaign and try to initiate concrete step towards a better bilateral relationship rather than digging the graveyard of past problems and lack of trust. Meaningful dialogue is required at all levels, from local to national.

Bangladesh needs the support and good will of India not only as a strong neighbour but also as a strong ally in our struggle against all forces of extremism, hegemony and armed conflict. The political and economic destiny of the subcontinent largely depends on sub-regional cooperation rather than dispute and hatred.

I am sure that India has also realised that friendly relationship with Bangladesh is essential for the development of the Seven Sisters. India will continue to share concern for events in Bangladesh because Bangladesh is positioned in a sensitive and highly volatile area. Hence how India will structure its relationship with Bangladesh will be central to the economic life of its Northeast.

Likewise, improving the relationship with the emerging Asian giant will help Bangladesh to develop our industry, trade and infrastructure. Though there are differences of opinion, as a political entity operating under the intricacies of market economy, Bangladesh cannot afford ignoring India's friendship.

For this to happen, the political leaders of both countries have to change their mindset and myopic vision.
Our bilateral relationship was always viewed through the coloured glasses of security concerns and military interests. The mind set and pre-conceptions inherited from the past often influence the policy decisions.

Lack of stable governance in Bangladesh also affected possibilities of concrete steps towards greater cooperation. Now the time has changed. Once again democracy has resurrected in Bangladesh with a clear popular majority. Hence it is the responsibility of the Awami League to take bold and positive initiatives to improve bilateral relationship without compromising the values and national ethos Bangladesh always stands for. I hope our prime minister will succeed in this effort and will make the dreams of her father a reality.

Wajid Ali Khan Panni is a former MP, deputy foreign minister and high commissioner. wajidpanni@gmail.com

http://www.newagebd.com/2009/feb/03/oped.html

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[ALOCHONA] Re: RE:Cancel the UpaZilla Election Results NOW

Dear Alochok Cyrus

Greetings from Kuwait!

There is plenty of circumstantial evidence that all kinds of deals
were made between the CTG and AL and BNP. Hasina is taking no action
herself against the CTG. Khaleda's protests at the election results
are polite at best. The vast majority of BNP has accepted the
results. Even those who suspect some hanky panky have largely
accepted the results too. Complaints about the national elections, by
Deshi standards, are at an almost negligible level.

That said the CTG will remain a popular subject in the political
arena. And not because of protests about the elections.

Here are some of the key factors for this lingering scent of the CTG.
I know these are very obvious to you but I'd like to state them
anyway : )

1. Moeen U Ahmed, the driving force behind the CTG, is still CinC
2. There is curiosity about what deals were made by the CTG
3. Some people will loudly complain of mistreatment by the CTG
4. Corruption, order & food prices will be compared to the CTG's term
5. The many orders of the CTG will be reviewed in Parliament
6. The constitutional implications of the CTG saga will be reviewed
7. Many will try to ensure that the CTG saga can never be repeated
8. Comments by CTG members will carry some weight for some time
9. The talk shows simply won't let go of the subject of the CTG!

My own favourite fantasy (can't tell you about the others!) is that a
deal was done whereby Hasina wins so that she will have had two
terms - just like Khaleda. Wishful maybe. Impossible? I don't think
so.

Conspiracy theories will remain as we try to understand what is
happening now, partly by trying to understand what happened recently.

But you are right of course. Lets not overdo it. It is more
important, given our problems, to focus more on what the government
is doing on the ground now than conspiracies in the sky. Because our
actual problems are far more immediate and urgent.

I am a staunch supporter of the CTG. I loved your recent email about
the CTG and I will reply to it as soon as I recover from watching
Suchitra Sen last night in the film Indrani....

Ezajur Rahman
Kuwait



--- In alochona@yahoogroups.com, Cyrus <thoughtocrat@...> wrote:
>
> Why o why, are we still talking about CTG? It's water under the
bridge. BNP supporters, please get over it. AL is in power, so stop
with the conspiracy theories. Whether AL is good or bad only time
will tell, and they will be judged accordingly in the next election.
We are all watching!
>
> Now, can we get back to discussing socio-economic policies?
>
> C
>
>
>
>
> ________________________________
> From: maqsud omaba <maqsudo@...>
> To: alochona@yahoogroups.com
> Sent: Thursday, January 29, 2009 6:00:00 AM
> Subject: RE: [ALOCHONA] RE:Cancel the UpaZilla Election Results NOW
>
>
> CTG
>
> Can you please re-educate us, about corruption, committed by
CTG...if any?
> Why some people claim that Gen. Moeen + few other generals have
grabbed Tareq's money and
> took bribes from other rich people??
>
> Any basis of these allegations?
>
> CTG has helped us to go back to a normal, functioning govt. through
a democratic process.
>
> dr. maqsud omar
>
>
>
>
>
>
>
> ________________________________
> To: veirsmill@yahoo. com; alochona@yahoogroup s.com
> From: worldbznews@ yahoo.com
> Date: Wed, 28 Jan 2009 12:12:49 -0800
> Subject: Re: [ALOCHONA] RE:Cancel the UpaZilla Election Results NOW
>
>
> I have to say that Mr. Shamim forgot that it is the Caretaker
Government that put AL in power and AL is the only political party
that has been benefited by their actions. I am not going to argue but
CTG was by far the best government that this country even seen and
will ever see unless AL or BNP actually follows their steps. Which we
are seeing time and time, AL is following mostly CTG's steps and
following their laid down path.
> I guess we will know when time goes by that what the CTG did to
this country in the last two years, is by far the best that anyone
has ever done for this country and its people.
>
> But lets not agrue anymore, it does not matter who is governing the
country or who has left. Like this article http://alapbanglade
sh.com/blog/ 2009/01/19/ challenges- and-actions- for-al-in-
bangladesh/ and countless others, we stop our bickering and lend a
hand to this government or anyone there by who truely believes in
this country and works for its people. The people of Bangladesh are
not foolish anymore, they know what government works and what does
not. So please stop fighting miles and miles away from your home and
do something constructive and be independent.
> Thank you.
>
>
> --- On Wed, 1/28/09, Shamim Chowdhury <veirsmill@yahoo. com> wrote:
>
> From: Shamim Chowdhury <veirsmill@yahoo. com>
> Subject: [ALOCHONA] RE:Cancel the UpaZilla Election Results NOW
> To: "Shamim_Personal" <veirsmill@yahoo. com>
> Date: Wednesday, January 28, 2009, 2:50 AM
>
>
> Mr. M. M. Chowdhury (Mithu), you always wants government to dictate
everything, which is absolutely against the norms of democracy.
During two years of caretaker government, we have seen your
hyperactivities in the net. Your all-out unethical support for
caretaker government¢s every action including the ones most
controversial is known to almost everyone in these forum. Netters
also witnessed your 360-degree turn around when you found caretaker
governments days are numbered.  At one point, your restless mind even
tried to exploit expatriates in the name of giving them parliamentary
election nomination from different political party. Your undue
activities was unmerited and nosy with political and election
procedure. Unfortunately, use of Change Bangladesh banner was used to
change your own fortune. Your support for caretaker government went
so far that you supported military backed government to try
expatriate dissidents. You came up with the list of
> names of expatriates whom you called traitors and called for
punishments.
>
>  
> Anyway, let me get back to the point of upozilla election instead
of making opinion on sleepwalkers who walks but not toward a definite
direction.   
>  
> Election Commission is a constitutional body, which should and is
free from government¢s dictation. Constitutional body of election
commission can take measure on all aspect related to election and
they have taken so. Awami League or no other political party
participated in upozilla election directly. In almost all upozilla
there was more then one candidate from members of any given political
party therefore no political party had any control over people who
contested.
>  
> Awami League¢s stand is comprehensible; election commission is the
supreme authority, let them do their business without any
governmental meddling in favor or against their investigation. Awami
League high command already asked election commission to take stern
action against anyone including ministers and MP if they found to be
guilty of meddling with election.
>  
> It is the independent constitutional election Commissions
responsibility to conduct the election in a free and fair manner not
the government. To meet the election commissions request government
deployed hundreds of thousands of security personal from Army, Navy,
BDR, Police, Ansar and other agencies under complete command of
Election Commission. If they have failed to execute their
responsibility fearlessly and fairly then the blame chiefly goes to
election commission not the government.
>  
> Election Commission constituted a judicial body to investigate
suspended elections in seven upozilla out of four hundred eighty one
to find discrepancy. Commission found credible proof of irregularity
in seven-upozilla constituency out of four hundred and eighty one and
took measure against it by withholding or canceling election result
for those upozilla..
>  
> Now seven out of four hundred and eighty, which is somewhere 1 plus
percent. Proportionately it is very nominal and insignificant though
unwanted. Expectation could be that there will be no hindrance, no
disagreement, no violence, no manipulation or interference by any
quarter but that is not the reality. Reality of political environment
in not only in Bangladesh but also in our subcontinent is there will
be some violence, manipulation, vote tempering and influence, it is
unfortunate but the reality.
>  
> If Bangladesh or any other country in the world could execute an
election with 100% success and no error then the country will see
honey and milk steaming in their rivers instead of water. Measuring
the success is based on proportionate success not on absolute
achievement.
>  
> To election commission I will say, liberty is not what you see but
what you believe and carry out. Liberty has no significance to people
with no spinal column. Liberty finds no implication from a week mind,
which blames others but fears to take blame from his own fallout.
>  
> Sincerely
> Shamim Chowdhury
> Maryland, USA
>
> --- On Wed, 1/28/09, Shamim Chowdhury <veirsmill@yahoo. com> wrote:
>
> From: Shamim Chowdhury <veirsmill@yahoo. com>
> Subject: Fwd: Cancel the UpaZilla Election Results NOW
> To: veirsmill@yahoo. com
> Date: Wednesday, January 28, 2009, 1:22 AM
>
>
> --- In khabor@yahoogroups. com, "M. M.. Chowdhury \(Mithu\)"
> <cgmpservices@ ...> wrote:
>
> I like to reiterate that if AL wants to regain its trust among
general
> people,  they need to ask EC to cancel all Upazilla election results
> at the disputed areas.  More than 50%election results should be
> canceled based on the reports from the ground.
>  
> I like to remind that total setup by AL in Upazilla election in
> Munshigonj areas won't be acceptable.  AL thought that this is the
> only Goldmine left for them since Padma Bridge will be built and
> will able to maximize their corrupt money with this election setup
> in that areas.  Since
> I am from that area and I can speak more with
> facts and ground reports.
>  
> This is the high time for AL to be credible for the next 5 years.. 
> They should cancel all Upazilla election results from these areas as
> soon as possible.  You were so greedy that  one case you dished
> your own 25 yrs AL honest veterans leader and failed him with vote
> rigging and set-up since he won't allow any corruption in that
areas for
> Padma Bridge.
>  
> Before your mask gets out to the public, it's your own benefit to
> make it honest and make it better and make it right NOW..
>  
> I will keep pressuring you to cancel these disputed results until
you
> fix it yourself.  If you do not do, your credibility will be worst
> soon.  I will work to save poor people wealth and their future in
> that areas.
>  
> Regards,
> M. M. Chowdhury
> (Mithu)
>  
>  
> ------------ --------- --------- --------- --------- --------- -----
---- ------\
> ------------ --------- --------- --------- -----
> The Election Commission (EC) today suspended the polls results of
seven
> upazilas in line with the allegations of massive irregularities
during
> the polling.
>  
>
> The upazilas are Banchharampur in Brahmanbaria, Araihazar in
> Narayanganj, Teknaf in Cox's Bazaar, Kaliganj in Gazipur,
Mehendiganj in
> Barisal, Muradnagar in Comilla and Raipura in Narsingdi, Election
> Commissioner M Sakhawat Hussein said.
>  
>
> The election commissioner said a judicial inquiry committee will be
> formed to investigate the allegations and a final decision will be
taken
> after the committee files its report.
>
> On a query he said, "Legal steps will be taken against the lawmakers
> accused of exerting political influence in the January 22 upazila
> elections
> ."
>  
>
> On the election day, the EC called off elections to Brahmanbaria
Sadar,
> Ramganj in Laxmipur, Barura in Comilla and Belkuchi in Sirajganj
while
> polling of Dighinala (Khagrachari) and Ukhia (Cox's Bazaar) had
been put
> off before the voting day.
>
> The commissioner said the judicial inquiry committee will also
> investigate the irregularities in the upazilas where elections were
> postponed.
>  
>
> Re-election in these six upazilas would be held sometime soon,
Sakhawat
> added..
>
> --- End forwarded message ---
>
>
>
> To the government, my demand will be stay out of decision making
process of election commission and let them work independently.. Let
the judicial body come out with their investigation without any
interference.
>

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[ALOCHONA] ILLITERATE FINANCE MINISTER AND CITIZENS

It is a discredit of a finance minister (as well as citizens) of a
country if the currency is devalued against other currencies. But some
evil garments owners are convincing the minister to devalue Taka
against US Dollar so that they can purchase expensive cars while
sucking the blood of labors that they are doing for decades.

Market itself should determine the value of Taka instead of imposing
any value for it. According to open market theory value of US Dollar
should be below 55 BDT but some razaker bankers and ministers of the
country set it high after taking bribe from USA government so that USA
can suck the blood of labors of Bangladesh more.

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Re: [ALOCHONA] Perect storm is coming to Bangladesh

Just as I thought, you ARE a phama industry consultant and is heavily invested in the industry. No wonder you think that the pharma industry is a "recession proof" industry! Interesting.
 
Cyrus
 


From: M. M. Chowdhury (Mithu) <cgmpservices@yahoo.com>
To: cgmpservices@yahoo.com
Sent: Friday, January 30, 2009 2:08:28 PM
Subject: [ALOCHONA] Perect storm is coming to Bangladesh

Dear All,
 
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.
 
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.
 
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.
 
2) Put resources in place so Govt can take care its people and feed them trough out the storm period.
 
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.
 
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 NRB and corrupted money in Bangladesh.  NRB is real squeeze in financial aspect and won't be able to continue support the sky rocket price of land and apartments in Bangladesh.
 
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.
 
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.
 
God Bless Bangladesh and help her 150 Million poor people in this coming perfect Storm.
 
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

--- On Tue, 1/20/09, M. M. Chowdhury (Mithu) <cgmpservices@ yahoo.com> wrote:
From: M. M. Chowdhury (Mithu) <cgmpservices@ yahoo.com>
Subject: [khabor.com] Why USA won't able to get out of this financial mess
To: cgmpservices@ yahoo.com
Date: Tuesday, January 20, 2009, 12:41 PM

Dear All,
 
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.
 
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.
 
Reasons for this mess
 
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.
 
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.
 
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.
 
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.
 
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.
 
6) Once companies make less money, the Govt tax collection also becomes low.  So more deficit for USA.  Intake is higher than delivery.
 
7) USA does not have leadership of many technologies like before, so USA has more competitors than before i.e. China and India.
 
8) More liability for baby boomers in years ahead, means need more money to take care her citizens like Social Security and Medicare.
 
9) Iraq war alone costs USA close to $1T and need another $1.2T to take care veterans health and financial liabilities.
 
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.
 
Options to way of of this mess:
 
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.
 
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.
 
2) Provide middle class incentives as soon as possible.
 
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.
 
4) Provide stimulate money if there is any Corrective and Preventive Action (CAPA) in place for the new projects which will create jobs.
 
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.
 
God bless USA and her people.
 
Regards,
M. M. Chowdhury (Mithu), Virginia, USA
 


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Re: [ALOCHONA] Perect storm is coming to Bangladesh

Mr. M.M. Chowdhury:
 
I read your posting twice, but I am having difficulty defining or connecting the dots. What exactly is the "economic perfect storm" that you are referring to? Is it the meltdown of our hyper-inflated housing market? or are you asking NRBs to adopt to a certain lifestyle for the betterment of the so-called "greater good"? I await your explanation. Meanwhile, following is my assessment of your predictions:
 
1. Again, I am not sure what "perfect storm" you are referring to. But contrary to what you might have read or heard, prominent U.S. economists actually predicted the financial meltdown and world-wide depression as far back as 2004. Even the Federal Reserve Bank of NY published a series of articles on the hyper-inflated CDOs (collateralized debt obligations) and CMOs (collateralized mortgage-backed obligations) and how a collapse in the housing market would drag down federal interest rate, affect the insurance industry, and suddenly make yield-free and risk-free instruments (i.e. T bills and bonds) very attractive to investors. Several economists, hedge fund managers, and international economic scholars also predicted the same thing. The problem is that the Bush administration decided not to take any action and regulate the mortgage industry. The whole world is watching, and I know that several Bangladeshi economists have already studied this ad nauseum. Hopefully, our govt. is taking note.
 
2. and 3. Are you talking about emergency planning system for the coming tropical storm season? or is this some kind of a metaphor? Regardless, I hope BD does not become a Welfare State. Instead, I hope that the govt. creates opportunities for its citizens so that they can feed themselves. But of course, this is a more intense sociological and ideological debate, which I want to avoid for now.
 
4. There is no "real estate bubble" in Bangladesh. I think you are confusing massive urbanization and demand for urban housing with an artificial demand for housing. The demand for housing in a densely populated country is not a real estate bubble. It's simply excess demand. The supply of real-estate grade land, and tightening access to capital and mortgage may have given you the impression that there is an artificial demand, but it is simply a faulty assumption.
 
Take Dhaka for example. If you adjust for inflation, then the average price of a 2,000 sq.ft. apartment in Dhaka has actually decreased, relative to 2000 or before. One reason is that since 2000 Dhaka city has actually expanded in size. Previously arable land has been commissioned as urban development area (See the Urban Development Plan 2001-2005, and 2005 - 2010 by RAJUK). At the same time, population in Dhaka has increased by almost 40% during this decade alone. More people means more demand, but that does not mean an artificial demand.
 
Secondly, it is rather naive to vilify NRBs. Your comment suggests that NRBs are responsible for the high price of housing and real estate in BD, and they send this money in BD to "legalize" their corrupt money. Too many NRBs work very hard, send money back home for their families, so that they can have an address, a shelter, a place for retirement. A few, however, steal money, cheat others and send their money in BD. Either way, the foreign currency reserve in BD increases. But it is irresponsible and asinine to state that NRBs are responsible for the hyper inflated housing market and vilify millions of Bangladeshis who make a decent and honest living.
 
5. Mr. Chowdhury, your unequivocal support for the pharmaceutical makes me wonder the worst. I would like to know how you established the fact that phama industry is the safest industry for investment. Either way, I would not recommend anyone to invest in the pharmaceutical industry unless they are industry experts. Why? Well, according to U.S. and international standards, phama companies need licenses and patents to test, launch, sell, or market any medicine anywhere. If phama companies are found to have marketed or tested unpatented meds in the market, they are exposed to criminal and civil proceedings from FDA (if phama is U.S. based) and EMEA (if company is EU based). Too often, FDA and EMEA do not approve licenses and patents, and even if they do, they require phama companies to submit results of years of clinical trials and controlled studies. If a person is investing in the pharma industry that is waiting for licenses and patents on many of its medicines, then the investor should also realize that the company may not get those licenses at all. Remember how Martha Stewart went to jail and how she got insider info from a phama bio-tech company that was turned down by FDA after seven years of trial studies?
 
The phama companies that mostly operate in BD are either foreign companies or their subsidiaries (joint ventures or other types of partnerships). That also means that they rely on the licenses and patents from either U.S. or EU. If you are invested in the phama company, and hoping that the company would soon market a wonder drug that would cure cancer, feed the poor, stop global warming, and help our BD cricket team to win the world cup, then you are sadly mistaken. See their outstanding patents and comparable medicines in the market, and you will find out if such an investment is safe or not.
 
6. I agree that everyone should avoid excesses and invest for the future. Most importantly, we should always think about sensible investment in BD so that more jobs are created and people are better off. But let's not mix responsible investing for our future with our charitability.
 
Just my two cents,
Cyrus

 

From: M. M. Chowdhury (Mithu) <cgmpservices@yahoo.com>
To: cgmpservices@yahoo.com
Sent: Friday, January 30, 2009 2:08:28 PM
Subject: [ALOCHONA] Perect storm is coming to Bangladesh

Dear All,
 
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.
 
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.
 
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.
 
2) Put resources in place so Govt can take care its people and feed them trough out the storm period.
 
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.
 
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 NRB and corrupted money in Bangladesh.  NRB is real squeeze in financial aspect and won't be able to continue support the sky rocket price of land and apartments in Bangladesh.
 
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.
 
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.
 
God Bless Bangladesh and help her 150 Million poor people in this coming perfect Storm.
 
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

--- On Tue, 1/20/09, M. M. Chowdhury (Mithu) <cgmpservices@ yahoo.com> wrote:
From: M. M. Chowdhury (Mithu) <cgmpservices@ yahoo.com>
Subject: [khabor.com] Why USA won't able to get out of this financial mess
To: cgmpservices@ yahoo.com
Date: Tuesday, January 20, 2009, 12:41 PM

Dear All,
 
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.
 
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.
 
Reasons for this mess
 
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.
 
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.
 
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.
 
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.
 
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.
 
6) Once companies make less money, the Govt tax collection also becomes low.  So more deficit for USA.  Intake is higher than delivery.
 
7) USA does not have leadership of many technologies like before, so USA has more competitors than before i.e. China and India.
 
8) More liability for baby boomers in years ahead, means need more money to take care her citizens like Social Security and Medicare.
 
9) Iraq war alone costs USA close to $1T and need another $1.2T to take care veterans health and financial liabilities.
 
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.
 
Options to way of of this mess:
 
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.
 
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.
 
2) Provide middle class incentives as soon as possible.
 
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.
 
4) Provide stimulate money if there is any Corrective and Preventive Action (CAPA) in place for the new projects which will create jobs.
 
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.
 
God bless USA and her people.
 
Regards,
M. M. Chowdhury (Mithu), Virginia, USA
 


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Re: [ALOCHONA] What is your advice to Sheikh Hasina ?

My Suggestion are
 
 that Sheikh hasina will punish the real culprit behind Minus two formula to safeguard our dmocracy.
2. While dealing with india , signing any agreement , don't beleive indians more than even Jammat, let alone BNP. Indians are not more pro Bangladeshi than even least Bangladesh loving people.
 
 
 


 
অতীতে বাংলাদেশের স্বার্থ বিসর্জন দিয়ে হলেও আলীগ ভারতের সাথে যেসব চুক্তি করেছে তার কোনটাই দাদারা বাস্তবায়ন করেনি । ভারতের সাথে আলীগের চুক্তি মানেই বাংলাদেশের স্বার্থ বিসর্জন নয় কি ?সর্বশক্তি দিয়ে প্রতিরোধ করা কি নাগরিক দায়িত্ব নয় ?


--- On Mon, 2/2/09, Mohd. Haque <haquetm83@yahoo.com> wrote:
From: Mohd. Haque <haquetm83@yahoo.com>
Subject: Re: [ALOCHONA] What is your advice to Sheikh Hasina ?
To: alochona@yahoogroups.com
Date: Monday, February 2, 2009, 8:22 AM

Dear alochok Cyrus,

 

Whatever might be the way, we all wish good for our country and pin our hope on our leadership to deliver that for our poor and oppressed people.

With such a huge mandate if AL or Sh. Hasina fails we all will fail, our people will fail.

 

After five years Sh. Hasina may go for a retirement in Miami beach but 160 million will remain destitute as before which would compound with her failure.

 

Let me begin with your contention about Alochona – I do not understand what happen to it, may be it has caught up with its hidden politics or less active for some other reasons. Hope it starts again to encourage healthy debates.

 

I have to apologise being a non economics student, I can only make suggestions from common sense.

 

What is needed most is to create a foundation for economics to work. Basic infrastructure and rule of law.

Fundamental is Economy should create more jobs, that's employments, means employers, means factories for productions and sectors to provide value added services. Heart of these are energy- human energy and chemical energy to run manufacturing lines and produce services.

Electricity/ energy should be number one priority.

Fixing the Dhaka university or the total education system should be the second most priority.

Then comes the transport networks and port facilities.

To do all these she needs to emphasise on rule of law, without applicable laws no one can employ their free franchise as we have been witnessing since the birth of our nation, you need to grease, lobby or waste in unscrupulous means to get a small thing done.

Population and environment control she/our nation can not set aside uncontrolled.

 

To get all these done, requisite investment should be made. And getting the precious investment is no big deal(?).

Perhaps your suggestions on this reflects the system where you live, it may or may not be our resolve.

But, within the existing capacity certainly government can increase its own resources and increase development budget through mobilisation of private capital enacting and applying yet some good laws. All it requires to enhance its legal and technical capacity building to negotiate with variety of equity and capital sources that are strong in the market. World Bank, IMF or ADB can not be our hope but certainly, being a share holder we can obtain a better deal provided we do not look at only tomorrow or next election and we should learn (rather faster) to put a cap on their foria marketing technics.

Only her determination to do good for our people can make good things to happen.

--- On Sun, 25/1/09, Cyrus <thoughtocrat@ yahoo.com> wrote:

From: Cyrus <thoughtocrat@ yahoo.com>
Subject: Re: [ALOCHONA] What is your advice to Sheikh Hasina ?
To: alochona@yahoogroup s.com
Date: Sunday, 25 January, 2009, 8:44 PM

You know, it's amusing to read all these self-righteous and somewhat sanctimonious advises for the PM, but I hardly read about any useful policy advises these days. I miss the old days of Alochona! Since, no one is starting a policy discussion, and just engaging in petty moral virtues, here are few advises for the PM.
 
------ 
"It's the Economy, Stupid" - We have double digit inflation and unemployment, almost asinine monetary policies, and no visionary trade policies. The economic policies of the last 15 years has been such that every govt. only looked ahead at the re-election, and not the rejuvenation of the economy for the long haul. In the short-run everything looked peachy, but as Keynes once said, "in the long run, everyone is dead". Here are some "common sense" ways to deal with the economic fiasco that we are in
 
a)  Audit the national budget and immediately eliminate wasteful programs and departments. Create a national budget, as well as, divisional budgets in collaboration with the opposition MPs, so that their districts and divisions are also represented. This will give the new admin an idea as to where and how the money is being generated and spent.
 
b) Pass laws to create a stock exchange for each division, so that local businesses can go public. We already have Dhaka and Chittagong stock exchanges, but other divisions need to do that as well. These smaller stock exchanges can trade newer financial tools, such as government bonds, municipal bonds, small-cap companies, etc., who don't necessarily have the market power to go national.
 
c) If I am not mistaken, we have a fixed exchange rate in BD. Floating exchange rate needs to be the official name of the game, and that will re-valuate the currency and its abysmal performance.
 
d) Since our system is lacking serious "cash flow", so to speak, one idea is to generate enough cash through a social security system. A Social Security system that guarantees retirement payment, regardless of the market condition, is a tremendous and powerful way to encourage savings and generate funds. But collecting social security also requires personal income tax and corporate tax collection, which the govt. has been reluctant to collect.
 
We have been living on borrowed money and to feed our hunger, the central bank has stupidly flooded the market with newly printed taka (hence the inflation!). Printing new money must stop immediately. There are plenty of ways to establish a new tax code and enforcement mechanism. Tax revenue, plus voluntary social security deduction would ensure that such funds are used in proper ways. Of course, we are notoriously distrustful of our government. So, in a self-policing move, a law needs to be passed that would ensure that any fraud of the social security fund would constitute "treason" and "adverse to public benefit", punishable by life imprisonment and other penalties. Feel free to make examples out of a few politicians. I am sure you would find a few of those greedy bastards in both parties. I digress...
 
e) Destruction of public property, whether by your cadres or the opposition, is a felony in all civilized nations. It is a shame that even today, we stay silent about riotous mob, pillaging through public and private properties and setting them on fire to prove their points. Make it a national priority that anyone caught with destruction of public or private property would receive severe punishment. See how it works out. You just might be able to save a few hundred million dollars a year.
 
f) I think, this the most important move that any administration could make to turn around the economy - CONSOLIDATE PARA-MILITARY FORCES. We have way too many para-military forces on our payroll, but not enough police officers to keep civic order. I personally think that the ineffective police department needs to be re-organized under the leadership of the BDR, which has a long track record of protecting our borders and keeping civic order whenever necessary. This would immensely grow the capacity of our police, and BDR would be ordered to take on the role of the police as well. Petty crime is still a problem in BD, and the police has proven to be ineffective to deal with this. 
 
I don't believe that RAB was an effective force. It is a bunch of trigger happy, licensed goons, fashioned after the "moral police", who feel that they are above the law. We need a disciplined, combat ready, civic police who can keep order and protect the civilians. Not wild wild west style commandos with a license to kill.
 
I can go on with the ideas for the PM...but I am hungry and must sign off...Let's begin the discussion here. Looking forward to hear more ideas from other readers. Let's have a constructive discourse...
 
Thanks,
Cyrus
 

 


From: Mohammad Hossain <MHossain@YorkTech. com>
To: alochona@yahoogroup s.com
Sent: Friday, January 23, 2009 11:15:26 AM
Subject: RE: [ALOCHONA] What is your advice to Sheikh Hasina ?

I have a few advice for Hasina:

 

1.       Please stop killing, maiming and up-rooting your political opponents and adversaries; the tide of time will turn before you know it.

2.       You are a public servant, the public  is not your servant, and you have been elected to serve the public; not your friends, cronies and relatives.

3.       Forgiveness is a greater virtue  than revenge

4.       Don't mix business and pleasure – this can get you in a lot of trouble fast

5.       Keep your election promises as much as the available resources permit

6.      You are not so important that you have to win every argument. Agree to
disagree.

The last one is the most important advice.

 

That's all folks!

 

Nurul Hossain

USA

 

From: alochona@yahoogroup s.com [mailto:alochona@ yahoogroups. com] On Behalf Of Md.Hasibul Hassan
Sent: Thursday, January 22, 2009 2:49 PM
To: zoglul@hotmail. co..uk; mbimunshi@gmail. com; rehman.mohammad@ gmail.com; mahmudurart@ yahoo.com; farhadmazhar@ hotmail.com; premlaliguras@ hotmail.com; dhakamails@yahoogro ups.com; khabor@yahoogroups. com; alochona@yahoogroup s.com; bdresearchers@ yahoogroups. com; bangla-vision@ yahoogroups. com; mouchakaydheel@ yahoo.com; odhora@yahoogroups. com; ayeshakabir@ yahoo.com; sayantha15@yahoo. com; shahin72@gmail. com; minarrashid@ yahoo.com; history_islam@ yahoogroups. com; jangoonetilleke@ aol.com; editorazad@gmail. com; jason@prio.no
Subject: [ALOCHONA] What is your advice to Sheikh Hasina ?

 


  What is your advice to Sheikh Hasina ?

 

Your points will be placed to sheikh hasina .

 

thanking you

 

Habib

 




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Re: [ALOCHONA] What is your advice to Sheikh Hasina ?

Mr. Haque:
 
Thank you for your very well-thought and sound arguments, and I am completely in agreement with you. I do have, however, a few more additions to what you said:
 
1. Since BD is heavily in debt at this moment, I agree that economic growth needs to be organic, from within. This would require long-term investments and new financial tools. So, creative thinking is a must. Looking at the composition of AL government, I am somewhat skeptical that creative economic policies would arrive any time soon.
 
2. The economic policy ideas that I have proposed are somewhat foreign to BD, but they are not new. It is true that it is relatively easier to implement these policies in Western democracies. But if we don't want to learn from successful economies from the West or in Asia (e.g. China, India, Taiwan), we would have a difficult time catching up. So, I suggested policies that would help BD economy to grow from within, without too much dependence on foreign aid or debt.
 
3. Enacting new laws is the easy part in any state. Enforcement is a completely different issue. If BD wants to become a healthy democracy and compete in a global economy, it must create mechanisms to enforce laws and not just create them.
 
4. Privatization of industries, supporting entrepreneurial ventures, as well as creating environment for private capital to grow would require AL government to guarantee/secure investment, give tax breaks to investors, and most importantly, protect individual and business investors from "chandabaz", kick-backs, bribes, etc. AL govt. needs to do that with an iron hand and restore investors' confidence. Until that environment is created, and investors feel secured to make investments in our local economies, no amount of law would be able to turn the tide. As a matter of fact, I've been trying to start a venture in BD, with support from foreign partners, and so far the responses from regulatory bodies in BD have not been very encouraging. But that's a different story.
 
5. Finally, I totally agree that AL needs to invest in energy. BD used to be called the "Greenest Country in the World", quite literally. However, our environmental record is abysmal. This is an opportunity for the AL government to create our energy infrastructure that would tackle environmental problems, create new jobs, and secure our future. We have local technologies available (e.g. hydro power, wind power, solar energy) that we can utilize. Government needs to incubate these technologies so that our energy needs are met.
 
Hopefully, the leadership of AL and BNP would retire within the next decade and a new group of visionary thinkers would emerge to take BD to the next phase. Successful economies in Asia have grown because they developed "Growth Plans" (South Korea has a 250 year economic growth plan!!), and I am of the opinion that we need to do the same. Changes can be made along the way, but the goal is to create a prosperous BD within the next 30 years is not unachievable. Only time will tell.
 
Looking forward to your input.
 
Thanks,
Cyrus


From: Mohd. Haque <haquetm83@yahoo.com>
To: alochona@yahoogroups.com
Sent: Monday, February 2, 2009 8:22:41 AM
Subject: Re: [ALOCHONA] What is your advice to Sheikh Hasina ?


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Dear alochok Cyrus,

 

Whatever might be the way, we all wish good for our country and pin our hope on our leadership to deliver that for our poor and oppressed people.

With such a huge mandate if AL or Sh. Hasina fails we all will fail, our people will fail.

 

After five years Sh. Hasina may go for a retirement in Miami beach but 160 million will remain destitute as before which would compound with her failure.

 

Let me begin with your contention about Alochona – I do not understand what happen to it, may be it has caught up with its hidden politics or less active for some other reasons. Hope it starts again to encourage healthy debates.

 

I have to apologise being a non economics student, I can only make suggestions from common sense.

 

What is needed most is to create a foundation for economics to work. Basic infrastructure and rule of law.

Fundamental is Economy should create more jobs, that's employments, means employers, means factories for productions and sectors to provide value added services. Heart of these are energy- human energy and chemical energy to run manufacturing lines and produce services.

Electricity/ energy should be number one priority.

Fixing the Dhaka university or the total education system should be the second most priority.

Then comes the transport networks and port facilities.

To do all these she needs to emphasise on rule of law, without applicable laws no one can employ their free franchise as we have been witnessing since the birth of our nation, you need to grease, lobby or waste in unscrupulous means to get a small thing done.

Population and environment control she/our nation can not set aside uncontrolled.

 

To get all these done, requisite investment should be made. And getting the precious investment is no big deal(?).

Perhaps your suggestions on this reflects the system where you live, it may or may not be our resolve.

But, within the existing capacity certainly government can increase its own resources and increase development budget through mobilisation of private capital enacting and applying yet some good laws. All it requires to enhance its legal and technical capacity building to negotiate with variety of equity and capital sources that are strong in the market. World Bank, IMF or ADB can not be our hope but certainly, being a share holder we can obtain a better deal provided we do not look at only tomorrow or next election and we should learn (rather faster) to put a cap on their foria marketing technics.

Only her determination to do good for our people can make good things to happen.

--- On Sun, 25/1/09, Cyrus <thoughtocrat@ yahoo.com> wrote:

From: Cyrus <thoughtocrat@ yahoo.com>
Subject: Re: [ALOCHONA] What is your advice to Sheikh Hasina ?
To: alochona@yahoogroup s.com
Date: Sunday, 25 January, 2009, 8:44 PM

You know, it's amusing to read all these self-righteous and somewhat sanctimonious advises for the PM, but I hardly read about any useful policy advises these days. I miss the old days of Alochona! Since, no one is starting a policy discussion, and just engaging in petty moral virtues, here are few advises for the PM.
 
------ 
"It's the Economy, Stupid" - We have double digit inflation and unemployment, almost asinine monetary policies, and no visionary trade policies. The economic policies of the last 15 years has been such that every govt. only looked ahead at the re-election, and not the rejuvenation of the economy for the long haul. In the short-run everything looked peachy, but as Keynes once said, "in the long run, everyone is dead". Here are some "common sense" ways to deal with the economic fiasco that we are in
 
a)  Audit the national budget and immediately eliminate wasteful programs and departments. Create a national budget, as well as, divisional budgets in collaboration with the opposition MPs, so that their districts and divisions are also represented. This will give the new admin an idea as to where and how the money is being generated and spent.
 
b) Pass laws to create a stock exchange for each division, so that local businesses can go public. We already have Dhaka and Chittagong stock exchanges, but other divisions need to do that as well. These smaller stock exchanges can trade newer financial tools, such as government bonds, municipal bonds, small-cap companies, etc., who don't necessarily have the market power to go national.
 
c) If I am not mistaken, we have a fixed exchange rate in BD. Floating exchange rate needs to be the official name of the game, and that will re-valuate the currency and its abysmal performance.
 
d) Since our system is lacking serious "cash flow", so to speak, one idea is to generate enough cash through a social security system. A Social Security system that guarantees retirement payment, regardless of the market condition, is a tremendous and powerful way to encourage savings and generate funds. But collecting social security also requires personal income tax and corporate tax collection, which the govt. has been reluctant to collect.
 
We have been living on borrowed money and to feed our hunger, the central bank has stupidly flooded the market with newly printed taka (hence the inflation!). Printing new money must stop immediately. There are plenty of ways to establish a new tax code and enforcement mechanism. Tax revenue, plus voluntary social security deduction would ensure that such funds are used in proper ways. Of course, we are notoriously distrustful of our government. So, in a self-policing move, a law needs to be passed that would ensure that any fraud of the social security fund would constitute "treason" and "adverse to public benefit", punishable by life imprisonment and other penalties. Feel free to make examples out of a few politicians. I am sure you would find a few of those greedy bastards in both parties. I digress...
 
e) Destruction of public property, whether by your cadres or the opposition, is a felony in all civilized nations. It is a shame that even today, we stay silent about riotous mob, pillaging through public and private properties and setting them on fire to prove their points. Make it a national priority that anyone caught with destruction of public or private property would receive severe punishment. See how it works out. You just might be able to save a few hundred million dollars a year.
 
f) I think, this the most important move that any administration could make to turn around the economy - CONSOLIDATE PARA-MILITARY FORCES. We have way too many para-military forces on our payroll, but not enough police officers to keep civic order. I personally think that the ineffective police department needs to be re-organized under the leadership of the BDR, which has a long track record of protecting our borders and keeping civic order whenever necessary. This would immensely grow the capacity of our police, and BDR would be ordered to take on the role of the police as well. Petty crime is still a problem in BD, and the police has proven to be ineffective to deal with this. 
 
I don't believe that RAB was an effective force. It is a bunch of trigger happy, licensed goons, fashioned after the "moral police", who feel that they are above the law. We need a disciplined, combat ready, civic police who can keep order and protect the civilians. Not wild wild west style commandos with a license to kill.
 
I can go on with the ideas for the PM...but I am hungry and must sign off...Let's begin the discussion here. Looking forward to hear more ideas from other readers. Let's have a constructive discourse...
 
Thanks,
Cyrus
 

 


From: Mohammad Hossain <MHossain@YorkTech. com>
To: alochona@yahoogroup s.com
Sent: Friday, January 23, 2009 11:15:26 AM
Subject: RE: [ALOCHONA] What is your advice to Sheikh Hasina ?

I have a few advice for Hasina:

 

1.       Please stop killing, maiming and up-rooting your political opponents and adversaries; the tide of time will turn before you know it.

2.       You are a public servant, the public  is not your servant, and you have been elected to serve the public; not your friends, cronies and relatives.

3.       Forgiveness is a greater virtue  than revenge

4.       Don't mix business and pleasure – this can get you in a lot of trouble fast

5.       Keep your election promises as much as the available resources permit

6.      You are not so important that you have to win every argument. Agree to
disagree.

The last one is the most important advice.

 

That's all folks!

 

Nurul Hossain

USA

 

From: alochona@yahoogroup s.com [mailto:alochona@ yahoogroups. com] On Behalf Of Md.Hasibul Hassan
Sent: Thursday, January 22, 2009 2:49 PM
To: zoglul@hotmail. co..uk; mbimunshi@gmail. com; rehman.mohammad@ gmail.com; mahmudurart@ yahoo.com; farhadmazhar@ hotmail.com; premlaliguras@ hotmail.com; dhakamails@yahoogro ups.com; khabor@yahoogroups. com; alochona@yahoogroup s.com; bdresearchers@ yahoogroups. com; bangla-vision@ yahoogroups. com; mouchakaydheel@ yahoo.com; odhora@yahoogroups. com; ayeshakabir@ yahoo.com; sayantha15@yahoo. com; shahin72@gmail. com; minarrashid@ yahoo.com; history_islam@ yahoogroups. com; jangoonetilleke@ aol.com; editorazad@gmail. com; jason@prio.no
Subject: [ALOCHONA] What is your advice to Sheikh Hasina ?

 


  What is your advice to Sheikh Hasina ?

 

Your points will be placed to sheikh hasina .

 

thanking you

 

Habib

 




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