Obviously the irony of statement was lost on the minister. Therefore, it is evident that proportionality of response is clearly not this government’s forte.We received startling corroboration of this unfortunate fact when cabinet ministers went ballistic in the news press; a lot of hot air was pumped out for public consumption to preemptively dispel any talk of Najib’s weakened status . Instead of speaking in one firm voice, followed by the mindless act that Putrajaya funded some of its programmes is proof that taxpayers’ funds are being used the cabinet ministers delivered a belated and confused response to the crisis. It was comical to hear one senior cabinet minister exhort to the press, “We are not a banana republic!” and equally disturbing, is the Minister’s role in this entire episode. The legal circles in PutraJaya are abuzz with rumours Ministers ’s unbridled political ambitions. Apparently, he seeks a larger leadership role for himself may well have been the ideal sacrificial lamb for him to assuage any doubts about his loyalty to Najib. the unholy spat between UMNO and PKR’s N Surendran over helping the right wing pressure group Perkasa humiliation have put some uncomfortable realities about PKR’s N Surendran Racialist His hypocrisy in demands that we take a hard look at these developments.Padang Serai MP N. Surendran should go after the brutal might of the criminal justice system like a commoner, In the eyes of the Malaysian Constitution , Najib is not an ordinary citizen of New York, as opposed to what.Padang Serai MP N. Surendran has been screaming to the press. On the contrary she is an island of Malaysian law unto himself, bound by the laws and dictates of the Malaysian Constitution – and certainly answerable for any misdemeanors, but only within the confines of Malaysian’s jurisdiction. Padang Serai MP N. Surendran his personal indiscretions are Malaysian’s problem and our legal system is capable of dealing with those allegations. This ‘protectionto to Perkasa ’ or ‘ immunity’ is a privilege granted to all Malays. PKR’s N Surendran shall be committed to prison, or be liable to any form of restriction on their personal freedom, save in execution of a judicial decision of final effect.for saying making press statements against Prime Minister Najib Abdul Razak.It does not take a legal scholar to understand the intent and effect of these making press statements against Prime Minister. What is bewildering, however, is why.Padang Serai MP N. Surendran chose to act like a vigilante cowboy instead of deferring to the better sense of his colleagues in the US State Department. Why can’t Indians — or at least rich, or middle-class Indians — live without being Slaves? Slaves to Pakatan thundering press statements against Prime Minister Najib Abdul Razak If it hadn’t been for this seeming compulsion for Indians to have bigotry feeling, helping in right wing pressure group Perkasa. whether PKR’s N Surendran was casting too much judgment on Prime Minister who stood accused of corruption, but had not been convicted.N Surendran says the people have a right to know the amount of their money that has been spent on the ‘extremist group’.PKR has urged Prime Minister Najib Abdul Razak to declare the full extent of public funds that have been spent to support the right wing pressure group Perkasa.Padang Serai MP N. Surendran asked why public funds and resources were being used to assist and promote a notorious organisation like Perkasa. SyedHassan yesterday, dismissed the aid given to Perkasa as insignificant, saying it was “not more than what was given to other NGOs, including Chinese and Indian NGOs”.Surendran said that government funds and resources should not be used to support Umno’s narrow and racial political objectives.”That sounds like the theme from Mighty Mouse,” Syed Hassan said, according to a Law360 report on the October event, hosted by the Practising Law Institute. “This seems to be designed for tabloid consumption… there should be a question asked that is that appropriate at the pre-conviction stage.” The criticism, the report said, was seen to be particularly damning, coming as it did from a lawyer who is believed to be equally merciless towards corrupt politicians and people in high places. ”Laypeople can’t read a complaint.” Perkasa’s admission that is proof that taxpayers’ funds are being used to promote the Government’s “divide and rule” policy. Selangor state deputy speaker Nik Nazmi Nik Ahmad (pic) said this showed Umno-Barisan Nasional’s “true colours”. “We (Pakatan Rakyat) have always stressed that Perkasa was Umno-BN’s ‘tool’ to ignite racial issues. “Perkasa’s disclosure confirms our allegations. Taxpayers’ funds have been used to subsidise a racist organisation,” he said in a statement today. He also targeted BTN, saying that in funding Perkasa, it helped spread racist propaganda. “The 1Malaysia slogan and messages of transformation espoused by Prime Minister Datuk Seri Najib Razak are meaningless if Purtajaya is funding Perkasa.”This is the first PM of Malaysia ever to use sexual intonations in many of his important speeches. It is not what you eat that reflects the spirituality of man but what foul comes out of the mouth.The newly elected top leaders have too much baggage to fight without fear or favour within BN. Najib … Read more by Paul Krugman@http://www.nytimes.com 
This is a tale of three money pits. It’s also a tale of monetary regress — of the strange determination of many people to turn the clock back on centuries of progress.
The first money pit is an actual pit — the Porgera open-pit gold mine in Papua New Guinea, one of the world’s top producers. The mine has a terrible reputation for both human rights abuses (rapes, beatings and killings by security personnel) and environmental damage (vast quantities of potentially toxic tailings dumped into a nearby river). Butgold prices, while down from their recent peak, are still three times what they were a decade ago, so dig they must. The second money pit is a lot stranger: the Bitcoin mine in Reykjanesbaer, Iceland. Bitcoin is a digital currency that has value because … well, it’s hard to say exactly why, but for the time being at least people are willing to buy it because they believe other people will be willing to buy it. It is, by design, a kind of virtual gold. And like gold, it can be mined: you can create new bitcoins, but only by solving very complex mathematical problems that require both a lot of computing power and a lot of electricity to run the computers. Hence the location in Iceland, which has cheap electricity from hydropower and an abundance of cold air to cool those furiously churning machines. Even so, a lot of real resources are being used to create virtual objects with no clear use. The third money pit is hypothetical. Back in 1936 the economist John Maynard Keynes argued that increased government spending was needed to restore full employment. But then, as now, there was strong political resistance to any such proposal. So Keynes whimsically suggested an alternative: have the government bury bottles full of cash in disused coal mines, and let the private sector spend its own money to dig the cash back up. It would be better, he agreed, to have the government build roads, ports and other useful things — but even perfectly useless spending would give the economy a much-needed boost. Clever stuff — but Keynes wasn’t finished. He went on to point out that the real-life activity of gold mining was a lot like his thought experiment. Gold miners were, after all, going to great lengths to dig cash out of the ground, even though unlimited amounts of cash could be created at essentially no cost with the printing press. And no sooner was gold dug up than much of it was buried again, in places like the gold vault of the Federal Reserve Bank of New York, where hundreds of thousands of gold bars sit, doing nothing in particular. Keynes would, I think, have been sardonically amused to learn how little has 
changed in the past three generations. Public spending to fight unemployment is still anathema; miners are still spoiling the landscape to add to idle hoards of gold. (Keynes dubbed the gold standard a “barbarous relic.”) Bitcoin just adds to the joke. Gold, after all, has at least some real uses, e.g., to fill cavities; but now we’re burning up resources to create “virtual gold” that consists of nothing but strings of digits. I suspect, however, that Adam Smith would have been dismayed.Smith is often treated as a conservative patron saint, and he did indeed make the original case for free markets. It’s less often mentioned, however, that he also argued strongly for bank regulation — and that he offered a classic paean to the virtues of paper currency. Money, he understood, was a way to facilitate commerce, not a source of national prosperity — and paper money, he argued, allowed commerce to proceed without tying up much of a nation’s wealth in a “dead stock” of silver and gold. So why are we tearing up the highlands of Papua New Guinea to add to our dead stock of gold and, even more bizarrely, running powerful computers 24/7 to add to a dead stock of digits? Talk to gold bugs and they’ll tell you that paper money comes from governments, which can’t be trusted not to debase their currencies. The odd thing, however, is that for all the talk of currency debasement, such debasement is getting very hard to find. It’s not just that after years of dire warnings about runaway inflation, inflation in advanced countries is clearly too low, not too high. Even if you take a global perspective, episodes of really high inflation have become rare. Still, hyperinflation hype springs eternal. Bitcoin seems to derive its appeal from more or less the same sources, plus the added sense that it’s high-tech and algorithmic, so it must be the wave of the future. But don’t let the fancy trappings fool you: What’s really happening is a determined march to the days when money meant stuff you could jingle in your purse. In tropics and tundra alike, we are for some reason digging our way back to the 17th century.
