General Papers 1013 Hanif Leoputera Lim
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Saudi king swears in first women on Shura Council

Saudi king swears in first women on Shura Council | General Papers 1013 Hanif Leoputera Lim | Scoop.it
One fifth of advisory body are now female in move that has riled conservative clerics
Hanif Leputera Lim's insight:

Synopsis:

-Saudi Arabia's King Abdullah swore in 30 women to the kingdom's previously all-male 150-member Shura council, the country's senior advisory body.Conservatice clerics criticised the move.

 

Commentary:

 -The year started well for proponent of women's rights.On 20th February, King Abdullah swore in 30 women to the kingdom's Shura council. Saudi Arabia is an uber-conservative country, where women's role to are limited.In a household, only men are allowed to work;women, generally, are to take care of the house. Moreover, women need male "guardian"'s consent to work or travel abroad. But we have move past an era, where a women's horizon is bound by the kitchen, and King Abdullah acknowledges this.

 

A man, who dared to usher in change to an invariable county.A man, who dared to challenge the status quo. A man, who dared to stand for what he saw fit.This man is King Abdullah, and I approve his action.

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German poor 'should eat horsemeat'

German poor 'should eat horsemeat' | General Papers 1013 Hanif Leoputera Lim | Scoop.it
A German minister suggests food containing horsemeat should be fed to the poor, as further contaminated products are discovered across Europe.
Hanif Leputera Lim's insight:

A rather disturbing news.I can't help but wonder whether the lasagne I ate a couple of hours ago contain any horsemeat, or worse donkeymeat. I wish I had read this news earlier.Now, I will pretend I didn't read this article. At least I can smile in self-deceit.

 

 

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Australia swim team used sedative

Australia swim team used sedative | General Papers 1013 Hanif Leoputera Lim | Scoop.it
Members of Australia's Olympic swimming team say they used sedatives and played pranks during a "bonding" session before the Games.
Hanif Leputera Lim's insight:

Can you imagine how liberating it is to let loose and have fun? The Australian Olympic swimming team did just that,and it is perfectly fine for them to do so. But what happen if they forgot how to constrain themselves? They did prank calls and knocked on doors of other atheltes. Before the Olympic,the realy team was nicknamed 'Weapons of Mass Destruction'.Overnight, they turn to 'Weapon of Mass Distruption'.But what is most troubling is an even more shocking fact.They took a drug that they knew were prohibitted by the Australian Olympic Committee on the night leading to their Olympic swimming event. These foolishness have been attributed to the team's lack of leadership, and believed to be the cause of the swimming team's lacklustre performance in the London Olympics.Now, the swimmers face the consequences of their actions.Swiming Australia said the swimmers will face an inquiry panel.Hopefully, they have a better excuse than 'I sprained my ankle'.

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For City Parents, a Waiting List for Nearly Everything

For City Parents, a Waiting List for Nearly Everything | General Papers 1013 Hanif Leoputera Lim | Scoop.it
In some New York neighborhoods, children not getting into activities, classes, sports teams and local schools has become a way of life.
Hanif Leputera Lim's insight:

That's mine; you must buy me that; you must give me that. These are the cries of our generation--The Generation of Entitlement. We are in an age, where people believe they are the centre of the universe. The media, often,report instances of entitlement. The Australian girl who sued her highschool because she cannot qualify to the university she wanted, is one example. What is most worrying is that another milestone of entitlement has been reached. Entitlement has been so pervasive that now parents in Brooklyn are figthing to get their child's name on waiting lists. Yes, waiting lists. Most of the pre-school programme in Brooklyn are full. By putting their chils's name on the waiting list, parents allay their worries. Parents do not mind staying overnight queueing, not to get the lastest iPhone but to get their child's name on a waiting listof  a Science programme. Perhaps, parents are thinking of the smile on their children's faces when they open their early Christmas present to a letter saying: "Congratulation you are accepted to our Science programme."

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UK loses top AAA credit rating

UK loses top AAA credit rating | General Papers 1013 Hanif Leoputera Lim | Scoop.it
The UK loses its top AAA credit rating for the first time since 1978, with Chancellor George Osborne saying it will not weaken his "resolve" on the deficit.
Hanif Leputera Lim's insight:

Moody's downgraded Britain credit rating. This is not a shocking news; analyst had already anticipated the downgrade. This news, however,beleagures George Osborne, financial chancellor of Britain. The triple-A rating was the pride of his tenure as financial chancellor; to let it slide to a double-A rating is his freefall from grace. From the phantom billion to credit rating downgrade, George Osborne's credibility is diminishing fast. A possible cause is his reluctance to intervene with the market. His philosophy--"the market can fix itself"--has been subject to debates. Now, George only has questions to answer and excuses to live by.

 

Earlier this year, the US government sued S&P, a credit rating agency,because of the over ratings it gave to some mortgage-backed assets.Over ratings can misled investors, and result in losses.Investors usually look at the credit rating of an investment before investing.Therefore, credit rating has a bearing in the decision making of investors.But is it right for the US government to sue S&P? Ever since the early 1930s,firms paid  credit rating agencies to increase their credit rating. This practice is pervasive; it is an annual affair for every company in Wall's street to pay credit rating agencies.So,the list of culprits extend beyond just the credit rating agencies.But isn't it easier to shift all the blame to one party?

 

-P.S I can't recall the exact year firms began to pay credit rating agencies.

I get these facts from an article in Times magazine that I read a long time ago.

 

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