Tuesday, September 2, 2008

India Idiocy

No major news for the markets. Hurricane Gustav swung at a wide pitch and missed. Oil is down big from Friday and other unconnected commodities are down, too. I suspect some monthly asset re-allocation in the big pension funds. I am doing nothing.

Rumors of Kremlin lack of control over generals appears. Interesting development. Also, they seem to believe their own propaganda.

See yesterday's blog post for more world events of significance.

Here are excerpts from the story from India that needs some notice, The Wall Street Journal online of September 2, 2008, with emphasis added:

***Start of Quote***
Hindu Mobs Burn Four Churches In Eastern State

NEW DELHI -- In some of the worst anti-Christian violence in India in years, rioting continued over the weekend and sporadically on Monday in the eastern state of Orissa, shattering hopes that a week-long spate of violence had been contained.

Hindu mobs burned at least four churches Saturday and Sunday and intermittent violence was reported Monday, according to police. Orissa officials said 13 people had been killed over the past week. The Asian Centre for Human Rights said as many as 50 people died.

More than 7,000 people have entered government-run refugee camps, according to a state government spokesman. "It's a breakdown of the state law-and-order machinery," said Joseph D'Souza, president of the All India Christian Council, which maintains a chapter in Orissa. "The violence has not yet been completely brought under control. Thousands are homeless. People, at nights, are still disappearing into the forests" to avoid roving mobs.

Armed with torches, Hindu rioters burned Christian homes and churches in the southern part of the state last week. Christians have fled to refugee camps or taken to hiding in the forests in the region, eyewitnesses reported.

"The violence is so much that people are afraid to talk to each other," says Padma Sahu, a doctor at Christian Hospital, in an area where some of the violence has taken place. However, Christian hospitals and schools have mostly remained untouched, she added.

The weekend's attacks were the latest on Christians, most of whom are Catholic, in a series that flared up after a Hindu religious leader was found killed in a temple along with four disciples Aug. 23. Police officials said they suspect Maoist rebels, who have long plagued the area, for the death of Swami Laxmanananda Saraswati.

Mr. Saraswati was a leading member of Hindu fundamentalist group Vishwa Hindu Parishad, which publicly blamed the state's Christian minority following his death. A spokesman for the group declined to comment on the violence when reached by phone Monday.

Christians make up roughly 2% of India's 1.1 billion population. Many were originally lower-caste Hindus, who converted to try to escape the strictures of Hinduism's strict caste system and the poverty that accompanied their status. People convert "because they are neglected by the state government," said Jagannath Lenka, a professor of economics at North Orissa University. "Now the problem is that Hindus say Christians are converting their people."

The current spate of violence has centered on the district of Kandhamal, an impoverished area mostly populated by two tribal groups -- one that has largely converted to Christianity and another that has joined ranks with Hindu fundamentalist groups.

The conservative alliance governing the state, which includes the Hindu fundamentalist Bharatiya Janata Party, has made clamping down on Christian conversions a key part of its electoral platform in polls expected next year. So far, the national government, while condemning the violence, hasn't directly intervened, saying it is a matter for the state to handle.
***End of Quote***

So in simple terms, the ruling classes in this state in India want to continue to oppress the poor via forcing them to remain in the lower casts of the Hindu religion. The poor want to lead their own lives and convert to Christianity to escape the oppression. I think India has a problem to deal with. Do human rights and freedom exist there for the poor ?

Word of the Day

"Distaff" - adjective and noun [$10]
Distaff means (adjective) maternal; female; (noun) 1. a woman's work or domain; 2. the female branch or side of the family.
Sentence: Will Big John McCain's move to select a distaff running mate help put more women voters into his column ? I think that depends on her ability to project honesty, competence and willingness to oppose corruption and the selling of political indulgences in DC.

47 comments:

Bunkerman said...

The debate about the effect of pension funds and hedge funds and managed commodity accounts, etc. in running oil prices to insane levels should be over.

There was no real demand behind that excessive run up.

Bunkerman said...

The drops in gasoline deamnd in the US was obvious from charts as early as February of this year, yet the beefers and pension funds as a herd ran prices up hugely after that.

Bud said...

is Arod the best player in baseball ?.......i think so


LET'S GO YANKEES!!!!!!!!!!!!!!

Bud said...

are the scarlett knights the best team in the big east?.....i think so


LET'S GO RUTGERS!!!!!!

Bud said...

are the tigers the best team in the acc?......i think so


LET'S GO CLEMSON!!!!!!!!!!!!

Bud said...

i don't remember who frosty's college football team is??

oh wait....he went to wesleyan......never mind

Spin-em said...

ROFLLLLLLLLLLLLLLLLLLLLLLLLL

Bud comes out strong ...wants that player of the week title

Spin-em said...

"New Orleans evacuated. Why is this city there ? Obviously it should be moved inland – maybe just to Baton Rouge. When Galveston was destroyed around the turn of the century by a hurricane, the major industries of the city were moved to Houston. New Orleans and the entire delta should be abandoned, with only the French quarter remaining as a resort area and the key port operations left in place. The delta should become a wildlife reserve, reverting to its natural state.

I suspect this decision would have been made already barring political desires of the ruling classes."

Wonder how Bunk would feel if the powers that be decided his bunkerdom served no purpose...just move!!!....borders on quaksalvereratitis...lol

Bunkerman said...

uh ... the bunker is on a hill, not in tornado country.

I don't say that "the powers" should decree the city shall be moved; BUT I do say why should other taxpayers living in safer, well-chosen places PAY for the stupidity of those living in a hurricane target zone.

This applis to anyong living on the coasts ANYWHERE, including Massachusetts.

Pay for your own risks for the surf.

Bunkerman said...

Those who love the surf and oceanside areas & flood zones near water should pay for their pleasure and bear own risks.

Bud said...

democrats and left wing media savaging sarah palin

main stream too........nytimes and washington post goin after her hard

won't work.......liberals don't get it

the reagan democrats ( like those in scranton ) who are bitter and cling to their guns and religion like her.......and the GOP base loves her



of course the nytimes and wash post readers have never understood workin class americans........they are arrogant out of touch elitists

Bud said...

new orleans is a dyin city.........i can't imagine anyone who has a choice or option movin there

maybe if you're single.......but with children ...no way

maverick said...

I feel like a child being punished ...I voted not to renew Bowden's contract

mfl59 said...

what time does Rutgers play today?

Bud said...

you got that right spin.......i gotta strike while i can

this prolly the only week this season that iowa state won and everyone else lost.......i doubt i'll get another chance

it was like a perfect storm

looooooooooooooooool

Bunkerman said...

She has more relevant experience than Obama - he's just a short term legislator.

Bunkerman said...

Mrs. B buying more XOM in Sky Fund.

mfl59 said...

sky fund must be up about 20% this year...

Spin-em said...

T boone sounds like he got smacked

Bunkerman said...

Her Sky Fund is certainly kicking the butt of my Alpha Fund. I don't keep track of it separately, though, so am not sure what its YTD performance is.

I keep adding money to it, so can't just look on the statements easily.

mfl59 said...

BAC ex-dividend tomorrow....big day for a guy like you Bunkerman....

Spin-em said...

betcha bunk knows how many bullets he has loaded...+/- 100..lol

Bud said...

Obama takin a clear lead in polls now

GOP needs to bash him hard next 3 days


you tell'em sarah !!!!!!

Bunkerman said...

"bullets loaded" ... hmmm does the mean loaded onto belts for the MGs or "reloads" ? In either case, zero.

I mostly buy new cartridges.

And I never bring home a loaded belt from Vermont, unless due to equipment failure.

If you mean in the bunker in ammo cans, that's a large number - best to keep track in even '000s.

Bunkerman said...

I see the beefers still play a mean game of ping pong - aka stomping at the water hole.

hmmm maybe the theme song for beefers should be "Stompin' at the Savoy" ?

Bunkerman said...

real voters aren't paying attention yet ... late September they start.

Bunkerman said...

true re BAC - I wonder if some beefer shorts are covering so they don't have to pay, causing this pop today ?

I hope to collect that nice div for a long time.

I'm even green in that stock net due to the trading around it.

Bud said...

what's your analysis of today Bman?? has to be more than ping-pong

i predicted crude was gonna get clocked.....but i also predicted market wud rise......not happening

Bud said...

uhhh.........there is a very strong possibility i will be exercising my 2nd amendment right in the next few weeks

i will be purchasing a gun......all thanks to sarah palin


i told one of my friends who is a crazy demented gun fan (like the Bman).....to take me with him the next time he goes gun shopping


'welcome back jim'

Spin-em said...

9mm ..no kick...no work involved..thats why the darkies luv em...lol

Bud said...

florida is such a f'ed up state


i only need my drivers license to buy a gun

Bunkerman said...

for beginners I recommend a .38 Smith & Wesson revolver, medium size - presuming you don't plan to carry daily.

Easy to use - the original assault weapon - it fires every time you pull the trigger. No complexity of the semi-auto.

Buy lead hollow points - good stoppers.

I keep a few around the house ready for trouble.

;-)

Bunkerman said...

just ping pong, Bud.

Some real buyers early (maybe asset allocation), then lots of momo beefers trying to get long; then some short covering; then the beefer computer funds start shorting virtual shares; then momo beefers bail; on and on.

Just noise and crap - like months now.

drunken beefers fighting in a saloon.

Bunkerman said...

news is bullish, but so few real buyers exist now ... all $ is in trading funds.

Eventually the bullishness will be so obvious even drunken beefers will will recognize it.

Bud said...

how much is a 38 wesson??


i don't wanna spend more than 2-300 bux


PS.......is it somethin the darkies use?? i don't want anythin 'they' like

Bunkerman said...

2nd Amendment is your friend, Bud.

To carry concealed you might need more - a class I think.

Bud said...

'keep a few around the house'


where?? behind the salt?? under the sink???



LMAOOOOOOOOOOOOOOOOOOOOOOOO

Bunkerman said...

A good used one is about that - probably can get a police trade-in for that. I bought a couple here from local PD.

Ex police trades are good - almost new - unused except fro training.

"darkies" would not be seen with such a classical roscoe.

Bunkerman said...

the hood likes the 9mm high capacity, spray & pray pistols like spin recommended.

Unfortunately, many modern PDs do, too.

the .38 S&W is a revolver - I prefer stainless steel.

Bunkerman said...

.38 S&W is very reliable, easy to use.

maverick said...

Bud ...I hear KSS having a sale on white sheets. welcome to the club

Spin-em said...

then get the Dirty Harry .44.....Well..ya feelin lucky..punk?

Spin-em said...

KSS....LMAOOOOOOO....maaaan

maverick said...

Good news Bud you can wear your sheet and 38 at the Esso Club

mfl59 said...

Bud what team are you on for the reenactment of the Battle of Anteitam? best of luck sir...

Spin-em said...

wear your Jacko(jacket)...somebody mouths off??...."hee hee..ya feelin lucky..punk?" whip out the ..44..."I di-nnt think so..jamonga".....spin,split,moonwalk outta there....lool

Bunkerman said...

.44 is too powerful - will go thru the perp and into the house next door.

too big & heavy, too.

If you want a .44, get a small lever action rifle with an 16-18" barrel. In those, the .44 bullet from .44 mag cartridge accelerates to about 2000 fps and becomes almost a .30-30 rifle cartridge. Very powerful with a big hole even without hollow points.

that is the "Brooklyn special" as NYC makes getting handguns hard to get except for criminals.

The .38 S&W revolver is the best, all round protection if loaded with lead hollow points or nylon coated HPs.