#Bank Jobs in Pakistan

[ammaddogar]

Pakistan Railways Jobs 2023 (4115+ Posts) Apply on-line | www.ntpcpk.org

Within the ever-evolving panorama of Pakistan’s job market, one sector that continues to supply wonderful profession alternatives is Pakistan Railways. As 2023 unfolds, the Pakistan Railways Authority has introduced a number of job openings throughout numerous departments, offering people with the possibility to affix a prestigious group that performs a vital position within the nation’s…

[zumaira]

Punjab University announces good news about online fee payment

Punjab University announces good news about online fee payment

Punjab University announces good news about online fee payment Punjab University announces good news about online fee payment. Students are forced to visit and stand in long queues at bank branches to remit fees for various services of Punjab University. However, this will soon change as Punjab University has finally announced that its students can submit fees online, 24News reported on Saturday.…

[magazinepk]

Punjab University announces good news about online fee payment

Punjab University announces good news about online fee payment

Punjab University announces good news about online fee payment Punjab University announces good news about online fee payment. Students are forced to visit and stand in long queues at bank branches to remit fees for various services of Punjab University. However, this will soon change as Punjab University has finally announced that its students can submit fees online, 24News reported on Saturday.…

[wiafm]

HOW TO APPLY CANADA WORK PERMIT FREE

Finance manager, Admin assistant & few others are required for Canada - All Free work visa.

Note:-These work permits are free, so don’t ever pay anything to anyone. All nationalities can apply. Job descriptions and all necessary details such as company contact number Email Id, website etc you can find in this video:- https://youtu.be/Y6pxETZO6OM

WIAFM- Real time global jobs, Subscribe to access free ocean of opportunities: -

[9jacompass]

Apply Now:International Monetary Fund Economist Program for Young Graduates - 2023

Apply Now:International Monetary Fund Economist Program for Young Graduates – 2023

Are you a young economist interested in acquiring hands-on exposure to a cross-section of InteInternationalrnational Monetary Fund (IMF) work and an opportunity to apply your research and analytical skills? Then the International Monetary Fund Economist Program is for you. The Economist Program offers participants a well-rounded experience of the IMF’s work and provides a unique foundation for a…

[psychicreadsgirl]

Pick a Novel: Keywords/prominent themes in your life

Pick the novel that draws your attention the most. If you can't decide between two, then look at the 2 readings. This is a general reading, so not everything will apply. Please take what resonates and leave what doesn't behind!

#1

Keywords: love, lust, passion, fun, temperament, cafe, sweet, bicycle, pen, books, music, loyalty, winter, sofa, furniture, thoughts, light, intuition, soulmate, art, obsidian, cake, carbonated water, skincare, socks, cooking

Celebrities/Public Figures: Audrey Hepburn, Min Yoongi, IU, Claude Monet, Angela Merkel, Andrew Carnegie, John Johnson, Mark Zuckerberg, Larry Page, Howard Schultz, Sam Walton, Amancio Ortega, Queen Elizabeth I, Jane Austen, Jennie Kim

Countries: Italy, Canada, South Africa, Thailand, Saudi Arabia, Singapore, Greece, Madagascar, Qatar, Sweden, Zambia, Taiwan, Solomon Islands

Numbers: 11, 1, 5, 9, 80, 888, 6

Brands: Hermes, Tiffany, Apple, Instagram, Taobao, Lamborghini, Deloitte, Microsoft, Chopard, Givenchy, Patek Phillipe, Chloe, Alaia, Kraft,

Kpop songs: Young Forever by BTS, Shine by PENTAGON, Me Gustas Tu by GFRIEND, Run to You by DJ DOC, Love Lee by AKMU, Deja vu by TXT, Back Down by P1Harmony, Love shot by EXO

#2

Keywords: economy, job loss, new opportunities, play, drama, anger, frustration, lost, compass, computers, battery, feet, head, brain, summer, pearl, avocado, junk food, fried chicken, challenge, frugal

Celebrities/Public Figures: Grace Kelly, Billie Eilish, Keanu Reeves, Rosé, Jung Hoseok, Salma Hayek, Pablo Picasso, Princess Diana, Thomas Edison, Sergey Brin, Mary I, William Shakespeare, Lee Nayeon

Countries: New Zealand, USA, Maldives, Indonesia, United Kingdom, Venezuela, Lithuania, Nepal, Portugal, Poland, Lebanon, Mali, Netherlands

Numbers: 4, 99, 101, 33, 13, 14, 0

Brands: Masion Margiela, Amazon, facebook, Shein, PWC, Missoni, Moschino Couture, Toyota, citi bank, Chaumet, Polene, Pizza Hut,

Kpop songs: Love Dive by IVE, Shangri-la by VIXX, Sweety by Clazziquai, I NEED U by BTS, The Chaser by Infinite, Magnetic by ILLIT, My House by 2PM, ICY by ITZY

#3

Keywords: tales, gossip, lies, funny, movies, theatre, cell phone, cool, kpop, magenta, ancient, history, claws, cats, tiger, fall, jealousy, games, aquamarine, lemons, makeup, pencil, groceries

Celebrities/Public Figures: Beyonce, Lady Gaga, Morgan Freeman, Kim Seokjin, Jang Wonyoung, Matt Damon, Napoleon Bonaparte, Shinzo Abe, Steve Jobs, Voltaire, Kim Jisoo,

Countries: Ethiopia, France, Russia, Ireland, Argentina, Afghanistan, Libya, Rwanda, Nigeria, Pakistan, Morocco, Malta, Kazakhstan, Kenya, Iraq,

Numbers: 2, 7, 69, 25, 55, 79, 1182

Brands: Saint Laurent, miumiu, Starbucks, Mercedez-Benz, Nestle, Oracle, Tod's, Bulgari, Rolex, KFC, SUBWAY, Carrefour, Kellog's

Kpop songs: Supernova by aespa, Maestro by seventeen, Not by the moon by GOT7, Alone by Sistar, Hip by MAMAMOO, Good Day by IU, Bite Me by ENHYPEN, Work by ATEEZ, The Feels by TWICE

#4

Keywords: foreign, spicy, peppery, rice, no, objection, resistance, control, storms, thunderstorms, shower, tension, crush, pop, paper, mango, legs, fragrance, emerald, clothing rack, tomatoes, defeat,

Celebrities/Public Figures: Judy Garland, Margot Robbie, G-Dragon, Jeon Jungkook, Pharrell Williams, Emmanuel Macron, Bill Clinton, King Charles, Warren Buffet, Cleopatra, Kim Mingyu

Countries: South Korea, Philippines, Scotland, Spain, Albania, Guatemala, Malaysia, Iran, Romania, Honduras, Georgia, Croatia, Belgium, Czech Republic, Gambia, Guinea

Numbers: 31, 75, 412, 43, 486, 640

Brands: Chanel, Prada, Bentley, Gucci, Samsung, Disney, BMW, Hyundai, cisco, Van Cleefs & Arpels, Dior, Loro Piana, Shake Shack

Kpop songs: Gee by SNSD, If you by BIGBANG, Antifragile by LE SSERAFIM, Up and Down by EXID, OMG by NewJeans, Lion by (G)I-DLE, Hello by TREASURE,

#5

Keywords: death, mystery, mirror, reflection, shadow, black, grey, white, funeral, video, sprint, pool, gym, streets, metro, subway, chocolate, broken, knees, moon, ruby, surgery, teeth, race

Celebrities/Public Figures: Marilyn Monroe, Barack Obama, Kate Winslet, Kim Taehyung, Aamir Khan, Marie Antoinette, Elon Musk, Robert F Kennedy, Jeff Bezos, Richard Branson, Edward VIII, Charles Dickens, Abraham Lincoln, Park Bogum,

Countries: North Korea, China, Vietnam, Brazil, Bangladesh, Cambodia, Germany, India, Israel, Laos, Haiti, Dominican Republic, Congo, Cuba, Egypt, Mongolia

Numbers: 3, 97, 17, 19, 52, 98

Brands: Ralph Lauren, Celine, Ferrari, Huawei, Uber, intel, UPS, Calvin Klein, Piaget, Guerlain, Berluti, Pepsi, Cadbury

Kpop songs: Shut down by Blackpink, Seven by Jeon Jungkook, God's Menu by Stray Kids, Love Love Love by Epik High, Very Nice by SEVENTEEN, Birthday by Jeon Somi, Psycho by Red Velvet,

#6

Keywords: travel, toxic, break away, departure, memory, dreams, truth, unveil, diary, journal, coffee, jacket, shoes, hands, social media, news, competition, autumn, diamonds, electricity, TV, cheat, fashion

Celebrities/Public Figures: Jane Birkin, Kim Jiwon, Gigi Hadid, Charlize Theron, Park Jimin, Salman bin Abdulaziz Al Saud, Maximilien Robespierre, Bill Gates, Queen Elizabeth II, Vladimir Putin, Henry Ford, James Joyce, Lalisa Manobal

Countries: Japan, Australia, Mexico, Iceland, Finland, Eritrea, Ecuador, Costa Rica, Cyprus, Bolivia, Botswana, Bahamas,

Numbers: 8, 646, 152, 37, 49, 22

Brands: Louis Vuitton, Lexus, Tesla, Fendi, Walmart, Nike, Siemens, Google, Cartier, Burberry, Ferragamo, Burger King, Unilever

Kpop songs: ROCKSTAR by LISA, Cherry bomb by NCT 127, Move by Taemin, Dramarama by MONSTA X, Love Scenario by iKON, Get a Guitar by RIIZE, Replay by SHINee, Candy Sugar Pop by ASTRO, Mr. Simple by Super Junior

[indizombie]

Indian media's collapse has meant that serious issues such as unemployment do not get the attention they deserve. Joblessness is not framed as a question of political accountability but is couched in technocratic language and buried in a maze of data and conflicting claims. Those who intruded into parliament reportedly told the police they were upset about high rates of unemployment. Youth unemployment in India is at around a staggering 23 percent, the highest for any major global economy and nearly double that of neighbouring Pakistan and Bangladesh. For graduates under 25, a report by the Azim Premji University estimates, this number rises to 42 percent. IT firms such as Infosys, Tata Consultancy Services and Wipro have announced they will reduce the hiring of engineering graduates by 30 percent-reducing it by 40 percent from the prestigious Indian Institutes of Technology-leaving thousands of freshly graduated students without jobs. Since the onset of the 2022 funding winter, 34,785 employees have been laid off by just 121 Indian startups, with 15,247 of them fired by 69 Indian startups so far this year. An improvement is unlikely. Pranjul Bhandari, the chief India economist at Hongkong and Shanghai Banking Corporation, estimates that while India will need to create 70 million jobs over the next decade, it will only end up with 24 million. Put simply, India's demographic dividend has turned into a demographic disaster.

Sushant Singh, ‘Fire and Smoke’, Caravan

[mariacallous]

Indian Prime Minister Narendra Modi inaugurated the Ram temple in Ayodhya in the key northern state of Uttar Pradesh in January in hopes it would earn him a massive victory in the national election that concluded in June. That didn’t happen—at least not to the extent that Modi, his Hindu-nationalist Bharatiya Janata Party (BJP), and their ideological fountainhead Rashtriya Swayamsevak Sangh (RSS) expected.

In what has widely been described as a shock result, the BJP won merely 240 seats in the 543-seat parliament, after setting a target of 400 seats. Modi has formed a government but only with support from other parties.

Like any election result, the outcome had multiple causes that will take time to fully sort out. But one thing is already clear: Modi failed in his long-running bid to homogenize India’s Hindus across castes and cultures and consolidate their vote for his political benefit.

In 2014, Modi came to power on the back of religious nationalism and security issues, and he continued that trend in 2019. This year, in the absence of any urgent security threat from regional rival Pakistan and rising concerns over unemployment, inflation, and authoritarianism, Modi banked on the RSS’s homogenization strategy.

The Ram temple was built on a site long disputed with Muslims, where a 16th-century mosque stood until December 1992, when a group of Hindu nationalists razed it to the ground allegedly on the BJP’s provocation. Experts said the BJP had envisaged the temple would instill pride in Hindus, feed their Muslim animosity, and bring them under the Hindu umbrella to choose Modi.

Even though, by and large, the Hindu community seemed to have been pleased with the inauguration of the temple, that didn’t translate into votes for Modi across the Hindu hierarchy. Instead, the results exposed the weaknesses of the homogenization exercise.

Hartosh Singh Bal, an Indian journalist and the executive editor of the Caravan, said there is “diversity in Hinduism” and the election results prove that it can’t be “papered over by directing attention and hatred outwards” toward Muslims. This election proves that “Hindus are not a monolith” and that “various segments of Hinduism have a successful chance of taking on the BJP,” he added in reference to tactical voting by lower castes in Uttar Pradesh against the BJP.

Karthick Ram Manoharan, a political scientist at the National Law School of India University in Bengaluru, said that in Tamil Nadu, a state in southern India with the second-biggest economy in the country, the BJP did not win a single seat out of a total of 39.

“Hindus are the absolute majority in Tamil Nadu, but they still mostly vote for the secular Dravidian parties,” Manoharan said in reference to local parties that have emerged out of social movements opposed to an upper-caste Hindu order that the BJP and RSS have been long accused of nurturing and propagating.

In March, just a month before voting began, I witnessed saffron-colored flags expressing support for Modi’s party jutting out from rooftops and windows in tightly packed homes in western Uttar Pradesh. Some people I spoke to said that BJP workers had decided to adorn the neighborhoods as they pleased, but underneath the flag-waving, a large-scale discontent was brewing over a lack of employment opportunities.

The upper-caste youth seemed confused, if not yet disenchanted, with Modi and in the absence of industry and strong local economies once again mourned the loss of government jobs to affirmative action. (The Indian Constitution reserves almost half of all state jobs for people from lower castes and others who confront a generational disadvantage and historical discrimination.)

Meanwhile, Dalits, who sit at the bottom of India’s Hindu hierarchy, in hamlets nearby who depend on the quota for their dignity and livelihood were quietly recalibrating their options. The mood was starkly different from 2014 and 2019 when I visited some of the Dalit-dominated parliamentary seats in Uttar Pradesh. Back then, Dalits I met were upbeat and decisively pro-Modi. They said they supported him since they believed that he might raise their stature in the Hindu hierarchy.

But 10 years later, they suspected the BJP was plotting to weaken the constitution, the only assurance of rights for marginalized communities in a country where upper-caste Hindus continue to hold social capital and economic power.

Recent comments by BJP leaders that if Modi won 400 seats, he would change the constitution spread anxiety among lower castes that the party intended to scrap the reservation system. The BJP repeatedly denied this, but the suspicion that it is first a party for upper-caste Hindus is deep-rooted among lower castes, and experts believe the comments were part of the BJP’s political strategy.

“They were testing the waters to see what would be the reaction,” said Sushil Kumar Pandey, an assistant professor of history at Babasaheb Bhimrao Ambedkar University in Lucknow and the author of Caste and Politics in Democracy.

“The opposition picked it up and campaigned on it, telling people a change in the constitution could mean losing your livelihood, your jobs,” Pandey added. “That worked at a time [when] people were also scared of privatization” and in government-run sectors.

For Dalits, it was about more than jobs. The Indian Constitution is nearly worshipped by the community and celebrated en masse on the birth anniversary of the Indian intellectual who wrote it. B.R. Ambedkar was no fan of Ram and advocated against the caste discrimination inherent in Hinduism all his life, even converting to Buddhism when he felt there was no escaping caste-based prejudice. While he couldn’t annihilate the caste system, he ensured that the constitution offered lower castes a quota in government jobs to gradually uplift them.

In his honor, and as an ode to the progressive document, Dalits sing songs in praise of the constitution and hail it as the upholder of their dignity in a society where they continue to be belittled. Any change to the text was unacceptable. “Their cultural identity is linked to this book,” said Ravish Kumar, a journalist and the host of a popular YouTube news show.

In the south, too, there was a fear of culturally being subsumed by a Hindi-speaking upper-caste elite. Indian federal units, or states, were defined in the 1950s on the basis of language, and to this day south Indians identify themselves on the basis of the language they speak. The Ram temple had no resonance in the southern states, particularly in electorally significant Tamil Nadu, with the highest number of seats regionally. Tamils were wary that the RSS’s homogenization agenda would drown out their cultural ethos and impose a secondary status on the Tamil language.

Manoharan, the political scientist, said that in Tamil Nadu, it was “not so much religious but fear of cultural homogeneity” and “a language policy which will give importance to Hindi speakers over Tamil speakers and upper-caste Tamils over other backward castes.”

In a state where “88 percent people come from so-called lower castes” and “69 percent have jobs under affirmative action through a special act,” people were also extremely worried that the BJP may “water down” the employment quota promised in the constitution, Manoharan added.

The southern Indian states have a longer history of resistance to upper-caste domination, a higher literacy rate, better economies, and a tradition of secular politics. While the BJP maintained its tally of 29 seats from the last election, it is being seen as a poor result considering the inroads the RSS has made in the south.

For instance, in the southwestern state of Kerala, the RSS has more than 5,000 shakhas, or branches, second in number only to Uttar Pradesh, India’s most populous state—yet “despite the fact that the RSS has thousands of training grounds in Kerala, they are unable to get influence,” said K.M. Sajad Ibrahim, a professor of political science at University of Kerala. “That’s because while religion is important, communal harmony is more important to people here. BJP tries to create tensions, and that doesn’t work here.”

The BJP managed to gain one seat for the first time in Kerala, but that isn’t being attributed to its ideological success or expansion of homogenization project but to the winning candidate’s personal appeal. Suresh Gopi, the winning candidate, is a popular movie star.

In many states in the Hindi belt and even in the south, the BJP did well. The upper castes and urban voters are standing firmly behind Modi. Kumar, the journalist, said it would be foolhardy to dismiss Modi—and the bigger Hindutva, or Hindu nationalist, forces backing him—just yet. He said Hindutva hasn’t lost and only faced a setback. “The BJP was trying to dominate caste politics with Hindutva,” he said, “but the election result shows that dominance has cracked.” However, he added, “it has only cracked—the ideology still has wide-scale acceptance.”

Everyone else Foreign Policy spoke to concurred but added that Hindus are far too diverse to be homogenized. Manoharan said the results exposed the weakness of the homogenization agenda and its faulty premise. “Hindutva’s aim for homogeneity is confounded precisely by a structural feature of the religion-culture it seeks to defend—caste,” he said.

[bankingpk]

DIB Pakistan Jobs 2024: Salary, CEO, and Careers in Dubai Islamic Banking

Dubai Islamic Bank (DIB) is a pioneer in Islamic banking, with a strong presence in Pakistan. This article provides an overview of job opportunities, salary structures, and the leadership at DIB Pakistan JOBS, along with insights into how you can join this leading institution.

Understanding Salary Structures at DIB

What is the Salary of Employees in Dubai Islamic Bank?

Dubai Islamic Bank offers competitive salaries that reflect its status as a leading Islamic financial institution. Salaries vary based on role and experience but are designed to align with industry standards, ensuring fair compensation for all employees.

What is the Minimum Salary in Dubai Islamic Bank?

For entry-level positions, salaries typically range from PKR 25,000 to PKR 35,000. This range helps to attract and retain talent, offering a solid starting point for new employees.

Account Opening Requirements

What is the Minimum Salary to Open a Bank Account in DIB?

Dubai Islamic Bank is committed to accessibility. There is generally no minimum salary requirement for opening a standard account, allowing individuals from diverse backgrounds to easily access banking services.

Leadership at DIB

Who is the CEO of DIB?

The CEO of Dubai Islamic Bank plays a crucial role in shaping the bank’s direction and operations. The current CEO, with a wealth of experience and a strategic vision, ensures that DIB remains a preferred choice for clients and a top employer in the banking sector.

Career Opportunities at DIB

DIB Pakistan Jobs Online Apply

Those interested in joining Dubai Islamic Bank can apply through the bank’s career portal. The application process is straightforward, allowing candidates to submit resumes for various roles, from customer service to executive positions.

Dubai Islamic Bank Walk-In Interview

DIB occasionally conducts walk-in interviews, providing a chance for candidates to interact directly with the hiring team. These interviews are an excellent opportunity for candidates to make a strong impression and advance their application.

DIB Pakistan Jobs for Freshers

Dubai Islamic Bank encourages fresh graduates to apply. The bank offers entry-level positions with comprehensive training programs designed to help new employees integrate into the world of Islamic banking effectively.

Dubai Islamic Bank Pakistan

As a key player in Pakistan’s banking sector, Dubai Islamic Bank provides a wide range of services, including personal and corporate banking solutions. The bank is dedicated to upholding Islamic banking principles while meeting the needs of contemporary consumers and businesses.

Why Choose DIB for Your Career?

A career at Dubai Islamic Bank means joining a prestigious institution known for its excellence in Islamic banking. The bank offers competitive salaries, robust benefits, and a supportive work environment that fosters both personal and professional development. DIB emphasizes ethical banking practices and customer satisfaction, making it an attractive choice for anyone looking to build a rewarding career in the banking industry.

Joining Dubai Islamic Bank isn’t just about securing a job; it’s about embarking on a career path where your growth is supported and your contributions are valued. Explore career opportunities at DIB Pakistan and become part of a dynamic and forward-thinking team.

[notwiselybuttoowell]

Meeting the target of limiting heating to 1.5C

At Cop26 in Glasgow, countries agreed to limit global heating to 1.5C above pre-industrial levels. The pledges on emissions cuts they came forward with were not enough to meet this goal, however, so they agreed to return this year with strengthened commitments. Few have done so – only 24 submitted new national plans on emissions to the UN in advance of Cop27.

Likelihood: 0/5

Verdict: There will not be enough progress here to meet the 1.5C goal, but there is a baby step forward – the UN estimates that the improved plans that have been submitted will bring down temperatures by about 0.1C. But we are still heading for a disastrous 2.5C of heating on current policies.

Fulfilling promise of $100bn a year on climate finance

Since 2009, poor countries have been promised $100bn (£87bn) a year from 2020 to help them cut greenhouse gas emissions and adapt to the impacts of extreme weather. This target has not been met, and will not be met before next year.

Likelihood: 0/5

Verdict: The rich world has caused the climate crisis, but the poor world – with tiny emissions in comparison – is bearing the brunt. The longer rich countries fail to fulfil their promises, the less trust there is in them among developed nations.

Adaptation funding

Most of the money that does go to the developed world in climate finance is destined to help middle income countries with projects to cut emissions, such as wind and solar farms. But what the poorest countries most need is help with ways to adapt to the extreme weather they are already seeing, such as regrowing forests, building flood barriers and putting in place early warning systems. Only about a fifth of climate finance is currently for adaptation, and nations promised last year to double that.

Likelihood: 1/5

Verdict: The Egyptian Cop27 presidency launched an action plan for adaptation as a key focus of its first week, so there will be progress but the target of doubling adaptation finance will not be met yet this year.

Loss and damage

One of the biggest issues at Cop27 is loss and damage. This refers to the most devastating impacts of the climate crisis, so extreme that countries could not adapt to them. Examples include the record droughts threatening nearly 150 million people with severe hunger in Africa, and the record floods that hit Pakistan this September. Poor countries say they need funding for rescue and reconstruction when such disasters strike, but rich countries have so far been reluctant to come up with any way of funding this.

Likelihood: 2.5/5

Verdict: Loss and damage is firmly on the official agenda for this conference – that was assured after a late night of negotiations at the start – but it will not be settled here. Countries have only embarked on the process of setting out what loss and damage means and how help for poor countries can be structured. While a few countries have come up with funding, discussions on how to find the hundreds of billions needed will carry on long after delegates leave Egypt.

World Bank reform

The World Bank is not on the agenda of the UN climate summit – it’s a completely separate institution to the UN. But many world leaders here have called for reform of the bank, which they said had failed to focus on the climate crisis and was not fit for the 21st century. Beleaguered World Bank president David Malpass is attending Sharm el-Sheikh, but his job will be looking a lot more shaky by the end of this fortnight.

Likelihood: 4/5

Verdict: If the World Bank is reformed, which is looking more and more necessary and likely, the pressure brought to bear at Cop27 will be a important factor in achieving it.

Movement on African gas

Many African countries are sitting on large reserves of fossil fuels, and with soaring gas prices around the world would like to exploit those reserves. Oil and gas companies would like to invest in them too, but rich countries and climate experts warn that doing so will just add to the climate crisis that is already having disastrous impacts on the poorest on the continent. African countries scent hypocrisy, pointing out that the rich have already burned their supplies.

Likelihood: 5/5

Verdict: There will certainly be movement on African gas at this Cop, but in which direction? Oil and gas investors are lurking in every corner of the conference centre, and they will be looking to go home with climate-busting deals.

[ammaddogar]

GC Ladies College Faisalabad Jobs 2023 For Lecturers and Assistant Professors

GC Ladies College Faisalabad is happy to announce a number of job openings for the 12 months 2023. This prestigious establishment is dedicated to selling ladies’s schooling and empowerment within the area. In case you are a gifted and passionate particular person looking for a rewarding profession in academia, this is a superb alternative for you. On this article, we’ll delve into the assorted…

[beardedmrbean]

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China.

An Associated Press analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel. And it’s draining foreign currency reserves these countries use to pay interest on those loans, leaving some with just months before that money is gone.

Behind the scenes is China’s reluctance to forgive debt and its extreme secrecy about how much money it has loaned and on what terms, which has kept other major lenders from stepping in to help. On top of that is the recent discovery that borrowers have been required to put cash in hidden escrow accounts that push China to the front of the line of creditors to be paid.

Countries in AP’s analysis had as much as 50% of their foreign loans from China and most were devoting more than a third of government revenue to paying off foreign debt. Two of them, Zambia and Sri Lanka, have already gone into default, unable to make even interest payments on loans financing the construction of ports, mines and power plants.

In Pakistan, millions of textile workers have been laid off because the country has too much foreign debt and can’t afford to keep the electricity on and machines running.

In Kenya, the government has held back paychecks to thousands of civil service workers to save cash to pay foreign loans. The president’s chief economic adviser tweeted last month, “Salaries or default? Take your pick.”

Since Sri Lanka defaulted a year ago, a half-million industrial jobs have vanished, inflation has pierced 50% and more than half the population in many parts of the country has fallen into poverty.

Experts predict that unless China begins to soften its stance on its loans to poor countries, there could be a wave of more defaults and political upheavals.

“In a lot of the world, the clock has hit midnight,” said Harvard economist Ken Rogoff. “ China has moved in and left this geopolitical instability that could have long-lasting effects.”

HOW IT'S PLAYING OUT

A case study of how it has played out is in Zambia, a landlocked country of 20 million people in southern Africa that over the past two decades has borrowed billions of dollars from Chinese state-owned banks to build dams, railways and roads.

The loans boosted Zambia’s economy but also raised foreign interest payments so high there was little left for the government, forcing it to cut spending on healthcare, social services and subsidies to farmers for seed and fertilizer.

In the past under such circumstances, big government lenders such as the U.S., Japan and France would work out deals to forgive some debt, with each lender disclosing clearly what they were owed and on what terms so no one would feel cheated.

But China didn't play by those rules. It refused at first to even join in multinational talks, negotiating separately with Zambia and insisting on confidentiality that barred the country from telling non-Chinese lenders the terms of the loans and whether China had devised a way of muscling to the front of the repayment line.

Amid this confusion in 2020, a group of non-Chinese lenders refused desperate pleas from Zambia to suspend interest payments, even for a few months. That refusal added to the drain on Zambia’s foreign cash reserves, the stash of mostly U.S. dollars that it used to pay interest on loans and to buy major commodities like oil. By November 2020, with little reserves left, Zambia stopped paying the interest and defaulted, locking it out of future borrowing and setting off a vicious cycle of spending cuts and deepening poverty.

Continued in the link

[yourtoradorasextendedwarranty]

You have no reading comprehension and no understanding of tax brackets. The article does NOT say that when you hit 1 billion buckaroos in net worth you get fined 99%. It says that once you're at 1 billion net worth you're going to be taxed for anything more than that, and that only, so if you have a company at 999 million net worth you better start splitting it up and money laundering if you want to keep profiting. A wealth cap of 999 million is not a big imposition by any standards.

You don't seem to understand the context of the article and what Sanders is saying. So it seems the person lacking reading comprehension is you.

Fact of the matter is I fully explained why almost no "Billionaire" on the planet has access to a billion dollars. At all. And the fact is that even looking at modern taxes, the Top 5% pay almost 80% + of the taxes in this country. Likely the percentage is higher. And they end up paying it, "Depending on where they live" on money they don't have.

THAT "MONEY" doesn't exist. It's called unrealized gains. Meaning you are actually "fined" on my that potentially exists at any point in time.

And to your last point, it's not a wealth cap. It's a "You are not allowed to grow past this point" imposed by the government. Which last time I checked isn't a good thing. Maybe you need to do a little more reading yourself. Bernie is a moron who's complimented regimes that have committed mass murder of their populaces. Including the USSR. He's even praised bread lines. It would not shock me at all if he said what he said as stupid as it was.

And the reason why it was stupid is because the people making that money are not "living off 999,000,000 dollars". 80% of that money is speculative at best. Which if you had read what I wrote rather than skipping 80% of it after I criticized your lord and savior Millionaire Sanders, You'd have retorted with something other than what you did. My entire point to the post was that what he said was not only stupid but made no sense at all. More so given the difference between liquid assets and solid assets. And given inflation, those things don't have absolute values. A Dollar is always worth a dollar but the buying power behind it isn't always the same. Unrealized gains is actually worse because your company could be worth $500B one day and then $2B a month from now. And you get charged PERSONAL taxes based on the 500? That's F*cked.

And again. Where does that money go? The government. The people who continue to enrich themselves off of our division, and people like you's stupidity.

And here's the thing. ASSUME for a second that I agreed with the idea of eat the rich, (A talking point made by morons that don't understand economics at all), Who get's that money exactly?

Ukraine? Pakistan? Brazil? China? Joe and Hunter Biden? Mitch McConnel? Faucci? Organizations giving monkeys hard drugs? Banks that keep screwing up their own finances? The CIA so they can lose Billions more through "Accounting errors"? Charities that don't do anything other than enrich themselves?

If I had to pick, I'd say let the rich guy keep his money because he's likely to either spend it, or reinvest it in other places, or start new businesses that will give people jobs that NEED jobs. I'd love that over Nancy Pelosi's husband and her profiting more off insider trading frankly.

You need to do that math and look into all of this logically. Because fact is one of the last things I mentioned is that Tax laws here could well make it so those people want to leave the US. Meaning that a lot of the money they spend here goes with them. And other countries that have lax tax laws WILL not change those laws because they want the rich living there. Because it brings more money into their countries. Why do you think states give some businesses tax breaks to set up shop? That exact reason. It bring money into the state.

Besides. It's always super well off people that scream eat the rich and a lot of the time they are the rich. The only difference? They only say it. And ONLY mean people more well off than them. 30K a year is rich to a person who lives in some places in Africa and South America. Should we eat those "rich". What about movie stars? Athletes? Doctors? Lawyers? Politicians? Business owners? And why do we cut off where we do? Or are most of these ok because they are attainable and like Hasan Piker it's not about eating the rich. It's about becoming rich, and then pretending anyone that makes more than you are able to should be eaten?

What you suffer from is jealousy. And lack of understanding. And it is plain as day.

@capitalism-and-analytics can you please weigh in on this.