US Stock market, plus Boeing

I thought it would be a War in the mid-east that would get the dominoes falling. Turned out a real black swan. However much many think that the US stock market was on solid foundation, false premise. The underlying instabilities that caused 2008 crash never went away.

Injection of trillions, low Fed Interest rates almost free (now zero rates, i.e free)  helped the stock market soar and insiders to take their money of the table. Middle class Tax payers, Pension funds, the small retail stock buyers are left holding the bag.

I expected a probable drop to 20K and a somewhat probable to 15K. The collapse and drop even surprises me, and other skeptics. Now even 15K seems highly probable. Thats why I say read alternative media, like ZeroHedge, RT and Unz (aka Fake news) to see the other side of the spin.

Boeing:
When Boeing management said it was the fault of foreign pilots (in other words non white) spelt their own doom.  I said Boeing should drop below 100, I did not expect this fast.  Hedge fund operated Boeing, cutting corners to maximize profits. Stock buybacks, were the norm to push up stock price. Investment in safety measures, research and development, was not part of management decisions.

Maybe Trump will inject money into Boeing to get the stock price up. The insiders will sell. Retail idiots who believe Boeing is a great American Company will buy, not knowing Hedge Funds, Bezos and the like are not real Americans, i.e. those who care about the deplorables and others.

Now Trump, like the Boeing guys wants to deflect his responsibility, saying racist Chinese Virus. I think going to end much like the Boeing management.

Unhappily for the US, the alternatives in leadership are equally horrible. Biden another Trump probably worse, in the stages of Dementia and will be a puppet. If Sanders is able to get the nomination (anyone opposing Trump will win), he will be blocked by his own party the Democrats.

Update:  Article by

When Raghuram G. Rajan or Satyajit Das write I sit up and read and re-read carefully.

https://www.project-syndicate.org/commentary/covid19-economic-weaknesses-by-raghuram-rajan-2020-03

Dow Jones (DJI)
No photo description available.

No photo description available.

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Rock and Roll of Sri Lanka; Papare

I would assume some here who watch Cricket have heard the Sri Lankan music at the Cricket matches. The Rock and Roll of Sri Lanka; Papare a mix of kavadi (old indigenous beats), African beats and the adoption of trumpets with gusto.

Kavadi is age old music/tribal drums for dance that was a catharsis of the psyche of frustration and repression.

Do discos and drugs play a similar role in modern society. Holy water, Holy ash, Talking in tongues, Possessed by the Spirit all the same sides of a coin.

In Europe, Christianity  almost able eradicate and replace the ancient Gods, Woden, Thor.

Unhappily, the agnostic philosophy of the Buddha never eradicated or replaced the ancient gods.

People need God/Gods, be it the rock and roll, or some theoretician like Marx or Adam Smith or variations of those.

This is the Western Christian version of being possessed by the Spirit.

A quote from the Video above
The power of Gods sometimes moves them to dance before the Lord .. (They get drunk in the spirit).

Replace above with Kali
The power of Kali sometimes moves them to dance before the Goddess .. (They get drunk in the spirit (of Kali).

==

Many who do these “dances for gods/s” in style, i.e family, extended family are probably doing the rituals to atone for “sins”. Plus a big donation to the temple/priests.

In a mainstream Christian context, like donating a wing for a Church or University.  Evangelical church context, like singing and dancing and making a big donation for the pastors Jet-stream plane.

Many think the world has become more rational. Maybe the minute, even then I doubt it.

===
This is a secular Papare band

 

The ancient and the modern music meet at one of the oldest cricket matches in the world.  The Royal–Thomian played since 1879.

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Pre Buddhist Music and tradition in South Sri Lanka

Pre Buddhist music and dance of Sri Lanka

Its just the rhythms, so complex and for the uninitiated so out of tune. That said whats with the court jester head gear.

As crainsy1337 says

The yakun natima, or devil dance ritual of Sri Lanka, is nothing if not full of drama. Not just a charade or interval designed to entertain, the yakun natima is a carefully crafted ritual with a history reaching far back into Sri Lanka’s pre-Buddhist past. It combines ancient Ayurvedic concepts of disease causation with deft psychological manipulation. Lasting up to twelve hours, it mixes raucous humour with deep-rooted fears to create a healing catharsis for both patient and community.

I just like the words in the first part. Is it about Seenigama Devol Kumaru.

Nondi Kumaru …….
Demala mau ….. (means Tamil mother)

 

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Keenie Meenie: The British Mercenaries Who Got Away with War Crimes

From Amazon Intro:
https://www.amazon.com/Keenie-Meenie-British-Mercenaries-Crimes/dp/0745340784

Keenie Meenie Services – the most powerful mercenary company you’ve never heard of – was involved in war crimes around the world from Sri Lanka to Nicaragua for which its shadowy directors have never been held accountable.

Like its mysterious name, Keenie Meenie Services escaped definition and to this day has evaded sanctions. Now explosive new evidence – only recently declassified – exposes the extent of these war crimes, and the British government’s tacit support for the company’s operations. Including testimonies from SAS veterans, spy chiefs and diplomats, we hear from key figures battle-hardened by the Troubles in Northern Ireland and the Iranian Embassy siege. Investigative journalist Phil Miller asks, who were these mercenaries: heroes, terrorists, freedom fighters or war criminals?

This book presents the first ever comprehensive case against Keenie Meenie Services, providing long overdue evidence on the crimes of the people who make a killing from killing.

Excerpts from Aditi Khanna’s article in Outlook India
https://www.outlookindia.com/newsscroll/india-used-british-pilots-in-fight-against-ltte-book/1727422

British mercenary pilots helped Indian troops in their battle against the Liberation Tigers for Tamil Eelam (LTTE) rebels in Sri Lanka in the 1980s, a new book reveals for the first time.

The Indian Peace Keeping Force (IPKF) received air support from these for-hire British pilots despite Indian diplomats publicly condemning the presence of UK mercenaries in Sri Lanka, according to the book, ”Keenie Meenie: The British Mercenaries Who Got Away With War Crimes”, authored by UK-based investigative journalist Phil Miller.

However, India”s attitudes gradually began to shift and the envoy to Colombo, Jyotindra Nath Dixit, said New Delhi had to publicly deplore the use of UK mercenaries in Sri Lanka but privately he accepted there was “a large pool of ex-military personnel” in Europe and North America who wanted to “market these skills” and if it was not KMS then it would be another “cowboy” outfit involved.

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The Unspoken reality in South Asia

Every commentor on this blog, knows there are family and relatives and who bonk the servants or help  in South Asia.

H. M. Brough  the Bro probably would say I  am talking gibberish, i.e bonk.

Bonk  and bonk and parte.
Words are bad not the reality

Many (of my vintage) listen to Santana eg Oye Como Va
How many know the meaning.

http://sbarrkum.blogspot.com/2011/02/celia-cruz-oye-como-va-and-cubanpuerto.html

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2019 Sri Lanka Presidential Elections

The latest Game of Sri Lanka’s National Sport, politics, has ended.
In words, divisive, peaceful and large turnout,

Turnout:
83% of approx 16 million eligible voters.
Total Population 21 million.

Results:
Winner: Gotabya Rajapakse 52.5% (approx 6.9 million votes)
Second: Sajith Premadasa 42.99% (approx 5.6 million votes).

Difference: 9.51% or 1.36 million votes

Divisive
Green Color (for Sajith): Minority as Majority area (Tamils and Muslims)
Red: Majority in Majority area (Sinhalese)

Await next Game, Parliamentary elections in a few months.

http://election.newsfirst.lk/

Divisive Analysis (my opinion)

Gotabaya got less of the minority vote (less than 10%) compared  Mahinda Rajapakse in 2015 (around 20%).

Tamils:  Instead of reaching out for Economic development, its still pie in the sky separatism. These views are propagated by the Tamil leadership like Sumanthiran who live comfortably in Colombo, went to Colombo schools (and their children).

Sumathiran (or someone in the TNA) went as far as to say if we dont vote for Sajith we cant defeat the Sinhalese. The Tamils united and backed Sajith by over 70% in the North and East. That was the kiss of death for Sajith with the Sinhalese voters in the south

Muslims:   Sajith, hobnobbed with Muslim MP’s who had been pals of the Easter Terrorists. The Muslims voted for Sajith en masse (again over 70%) and Sajith lost a lot of Sinhala votes.

The Sinhalese responded,and united in what they saw as Sajith’s apparent support for separatism and seeking support of Muslim MP’s sympathetic to Islamic Extremists. The SLPP party base is not sufficient to win. There has been UNP crossovers to Gotabya and he won with pretty much only the Sinhalese vote.

Background on Gotabaya Rajapakse
Was the all powerful Defense Secretary 2005-2015.  Credited with ending the Civil Wat, Urban renewal and Infrastructure development.   Diploma in IT from Uni of Colombo. MS in Defense Studies from the University of Madras and various Defense related training  In SL Army, 1971-1992 retired after 20 years as Lieutenant Colonel.   Unix Admin (1998-2015) at Loyola Law School, CA.  Credited with being a Technocrat and authoritarian.

Gotabaya and Wife Ioma

https://en.wikipedia.org/wiki/Gotabaya_Rajapaksa

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Corruption/Bribery worse in 3rd world Countries?

This was an argument that I have been having with friends on FB.
Is bribery/corruption worse in third world countries compared to the west.

My contention has been that corruption has been legalized in the west, so cannot be prosecuted.   So when corrupt third worlders deposit money in Swiss banks or get “Investor” citizenship which country is more corrupt.

In contrast, in third world bribery/corruption is illegal.  There will be a show and dance and some low level officials will go to prison.

So a few days back made this comment of FB

Let me know when they claw back all the money from the Sackler’s and send them to prison for life. They are responsible for huge amounts of Opioid deaths.

The West has bribed willing corrupt officials in the third world to set over priced deals for over half a century.

They west met their nexus in China. Want to do business, technology transfer. In their greed for short term profits, multinational gave as bribes the family jewels , the  intellectual wealth. Much of that intellectual wealth had been developed by tax payer money, eg Investments by US govt in Paolo Alto. Now that intellectual wealth is being used by the Chinese. The multinationals CEO’s have taken their money off the table.

Trump is trying to claw back some of the intellectual wealth by tariffs etc. Too little, much much too late.

Then I see this article by Max Stroller  (via Naked Capitalism links )

Excerpts  (not in order)

The Clinton, Bush, and Obama administrations didn’t notice these problems, because they lacked the wisdom to listen to engineers and people who actually work for a living. They didn’t understand that workers who blocked Chinese buyers looking at vital machine tools had savvy and integrity that they themselves lacked.

Still, this was too little too late. The episode was by any metric catastrophic; the Chinese government got missile making machine tools in return for a promise they didn’t honor, which should have been a massive scandal, borderline treason. But ultimately it wasn’t a scandal, because Republicans, leading globalization thinkers, and Clinton Democrats decided that transferring missile technology to China didn’t matter.

The Clinton framework gutted the ability of U.S. policymakers to protect industrial power, and empowered Wall Street and foreign officials to force the U.S. to export its industrial base abroad, in particular to China. The radicalism of the choice was in the intertwining of the U.S. industrial base with an autocratic strategic competitor. During the Cold War, we had never relied on the USSR for key inputs, and basically didn’t trade with them. Now, we would deeply integrate our technology and manufacturing with an enemy (and yes, the Chinese leaders saw and currently still see us as enemies).

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