Japan does things differently than the rest .It seems like better way.The power company decided to pay 10000 dollars per couple and 8000 dollars an individual.
It is not a lot of money but egalitarian way that they will distribute funds to all without discrimination and heavy duty accounting is really admirable.
It may be not a lot for the people who had to leave everything.It is still more than a poor person could expect.
Many times litigation solutions are not the best one.A society which is more or less litigation oriented can not get the best benefits of the procedures created.Most case involving injustice do not get litigated for lack of funds and energies.Many times in cases involving large sums the attorney fees become as if they were wronged party.It is sad that attorneys representing victims made something on the order of 70 million(rough memory) dollars against victims like 200 million dollars.That is more than one third of the victims got who lost their life in the process.
IN Japan it seems so far no cases have been filed .In Bhopal case in India the American attorneys in the case brought higher value than the Indian system would have provide.In the end it did not serve them well as the site was never cleaned and the union Carbide was allowed to be acquired.With new company having little financial impact.Sadly the victims of the largest Industrial tragedy did not get justice or satisfaction from this tragedy.Society is poorer for the experience.
Our experience wit New Orleans hurricane has been not much better .the government failed to protect the citizens .Buses and people drowned in the total mismanagement of a mediocre tragedy.
A world wide equitable system should be created for relief where bandages and water does not cost a years salary of natives.
All relief should be locally run and direct payment may be best investment. Afghanistan model of war (one million for a soldier a year) is not practical.Pay to Taliban and other gangsters in bags of money is shameful also.No money should be paid to Afghan government by any parties in bags.
It does more harm to all we stand for.
Showing posts with label japan. Show all posts
Showing posts with label japan. Show all posts
Friday, April 15, 2011
Monday, February 8, 2010
National debt and GDP and tax free interest savings.
National Debt and GDP has been in the news lately as US Fiscal debt has be become an issue for politics in USA.Last eight years the federal deficit has mushroomed from a surplus of 250 billion to 2008 deficit of over a trillion( thousand billion dollars).Mr Obama's latest budget has deficit pegged at 1.3 trillion dollars and being all the expenses on budget is a realistic figure.
If the president was able to wind down the wars in Iraq and Afghanistan we could reduce the defense budget by 10 percent.with economy growing at normal pace by ending the recession we could pare down that deficit by third without taking much of the draconian measures for it.As the savings rate in us grows to ten percent ( encouraged by tax free interest on saving accounts).I can see that the foreign ownership of national debt can be reduced from current 20 percent to 5 percent in no time.This will protect the us capital being wiped out and reward the savers in America.New culture has to start where Americans can save and build wealth rather than buy gadgetry built in far places just fulfil the gaps in souls with material things.
Japan has run the national debt at 170 percent of the GDP .She has the highest per capita income in the world.Interesting thing about this debt is that it is owned by the people of Japan so you do not hear much about it as no other nation seems to have a leverage because of it.Japanese system has enough strength and rumor mills are not very active and are not encouraged to scare the public.People are more secure as the system adequately provides for needs of young and old alike.No body is left out.
In USA system does not protect the poor and young enough they are at least not sure and leaves them uncertain.Inadequacies in health care delivery has left majority of people paranoid and jittery.By providing health care for all and tax free interest saving up to 5000 dollars will have the desired effect of increase in savings and peace of mind for the public.Us debt to GDP ratio is around 60 percent.
India is running the budget deficit of 60 percent of GDP .90 percent of This is carried by Indians and 10 percent by world bank.India's foreign investments and the foreign investments in India are about the same magnitude.This is good for the global trade.
China runs much smaller budget deficit.It shows its strength .China with lack of private ownership , and with the state leasing all land for 60 years have a revenue stream which will have to be renewed with passing of every adult( considering adult life is 60 years).
Sadly even in America with the property taxation property is a continuous source of income for the state.
If the president was able to wind down the wars in Iraq and Afghanistan we could reduce the defense budget by 10 percent.with economy growing at normal pace by ending the recession we could pare down that deficit by third without taking much of the draconian measures for it.As the savings rate in us grows to ten percent ( encouraged by tax free interest on saving accounts).I can see that the foreign ownership of national debt can be reduced from current 20 percent to 5 percent in no time.This will protect the us capital being wiped out and reward the savers in America.New culture has to start where Americans can save and build wealth rather than buy gadgetry built in far places just fulfil the gaps in souls with material things.
Japan has run the national debt at 170 percent of the GDP .She has the highest per capita income in the world.Interesting thing about this debt is that it is owned by the people of Japan so you do not hear much about it as no other nation seems to have a leverage because of it.Japanese system has enough strength and rumor mills are not very active and are not encouraged to scare the public.People are more secure as the system adequately provides for needs of young and old alike.No body is left out.
In USA system does not protect the poor and young enough they are at least not sure and leaves them uncertain.Inadequacies in health care delivery has left majority of people paranoid and jittery.By providing health care for all and tax free interest saving up to 5000 dollars will have the desired effect of increase in savings and peace of mind for the public.Us debt to GDP ratio is around 60 percent.
India is running the budget deficit of 60 percent of GDP .90 percent of This is carried by Indians and 10 percent by world bank.India's foreign investments and the foreign investments in India are about the same magnitude.This is good for the global trade.
China runs much smaller budget deficit.It shows its strength .China with lack of private ownership , and with the state leasing all land for 60 years have a revenue stream which will have to be renewed with passing of every adult( considering adult life is 60 years).
Sadly even in America with the property taxation property is a continuous source of income for the state.
Friday, January 1, 2010
JAPAN HOW IT LOOKS AT ITS PROBLEMS
Hiroko Tabuchi
1-1-2010.NYT story on Japanese Financial Crisis.
The jobless rate, at 5.2 percent, is at a record high, and the number of households on welfare has risen sharply. The country’s 15.7 percent poverty rate is one of the highest among industrialized nations.
America with double of Japanese unemployment and poverty rate of between 13 to seventeen percent seems to sleep through its crisis.Nation lacks a national agenda to solve its problems.
what's in this picture for US.
No national health care system.
Limited unemployment benefits.
no access to universal low cast housing.
Burdensome and bureaucratic food security system.
Fractured and unequal education system
Nation is going through crisis after crisis and our leaders are only worried about reelection and are willing to sell their and national soul for that.Only good signs are that savings rate is starting to go up .If China can save and invest 40 percent of its meager income.United states should target to save and invest 15 percent of its income for investment and retirement.
That will end the borrowing of the money from Chinese.It can also be stirred by making $10000 income from Govt saving bonds interest per year at flat tax of ten
percent only.
1-1-2010.NYT story on Japanese Financial Crisis.
The jobless rate, at 5.2 percent, is at a record high, and the number of households on welfare has risen sharply. The country’s 15.7 percent poverty rate is one of the highest among industrialized nations.
America with double of Japanese unemployment and poverty rate of between 13 to seventeen percent seems to sleep through its crisis.Nation lacks a national agenda to solve its problems.
what's in this picture for US.
No national health care system.
Limited unemployment benefits.
no access to universal low cast housing.
Burdensome and bureaucratic food security system.
Fractured and unequal education system
Nation is going through crisis after crisis and our leaders are only worried about reelection and are willing to sell their and national soul for that.Only good signs are that savings rate is starting to go up .If China can save and invest 40 percent of its meager income.United states should target to save and invest 15 percent of its income for investment and retirement.
That will end the borrowing of the money from Chinese.It can also be stirred by making $10000 income from Govt saving bonds interest per year at flat tax of ten
percent only.
Monday, November 16, 2009
Did Obama bow to low to the king and queen of Japan
You all must have seen the pictures where President Obama bowing too low in front of the king of Japan and moderately bowing to queen of Japan.
There is a protocall which says a president should not bow to any soverign other than than people of america.This is a protocall which was meant to challenge the british royalty and has served us well.America has created a system where an elected president is leader of the strongest military in the world.Today we do not even have Draft.Military service is all volunteer.Our last three presidents were not military men even when our nation has been in undeclared wars for long time.
With our leaders not being military men sometimes they do not understand the importance of rank and protocall.President would have been served well if he had asked for advise from his wife and the dignity she showed while visiting Queen of England and won the hearts here and even in England.She as wife of rthe president had no protocall to follow.Ordinary citizens of USA are free agents and do not follow any rules.
In the end by Bowing to the king and queen of Japan prsident might have won over millions of Japanese people by this simple gesture.He as president is allowed to do any mistakes hopefully they are all like this one.HE IS NOT PERFECT.
Oh by the way Humbling and bowing are great qualities for any president to have .May be it should be a required qualificaton for every president even for leader of all nations.
There is a protocall which says a president should not bow to any soverign other than than people of america.This is a protocall which was meant to challenge the british royalty and has served us well.America has created a system where an elected president is leader of the strongest military in the world.Today we do not even have Draft.Military service is all volunteer.Our last three presidents were not military men even when our nation has been in undeclared wars for long time.
With our leaders not being military men sometimes they do not understand the importance of rank and protocall.President would have been served well if he had asked for advise from his wife and the dignity she showed while visiting Queen of England and won the hearts here and even in England.She as wife of rthe president had no protocall to follow.Ordinary citizens of USA are free agents and do not follow any rules.
In the end by Bowing to the king and queen of Japan prsident might have won over millions of Japanese people by this simple gesture.He as president is allowed to do any mistakes hopefully they are all like this one.HE IS NOT PERFECT.
Oh by the way Humbling and bowing are great qualities for any president to have .May be it should be a required qualificaton for every president even for leader of all nations.
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