Sunday, June 11, 2017

“Enough is Enough” rightly said

The latest from the London attacks is as predicted by many that IS has claimed responsibility for the attacks as the three attackers are dead and there is no way of knowing if the claims are true. The identities of the three attackers have been revealed now and the mastermind is a Pakistani born British citizen who was once involved in a British documentary about Jihadists. Anyway, the title of this blog is a quote from the Prime Minister (PM) of Great Britain who is now saying that she will crack down hard on extremists and who is not happy that Britain has given too much space to the extremists’ elements. Although this would not bring back the dead citizens in the recent attacks but at least maybe it will prevent new ones. And the PM is right that there has been too much tolerance in Britain for extremists’ elements. One of the most intriguing and absurd part of the claim by the Jihadist is the open preaching of the enforcement of Sharia law in Britain. I don’t understand this since there is no country where Sharia law is enforced especially in Muslim countries. So how can you preach enforcing it in Britain which is more than 90 percent non Muslim (maybe even more). It is the openness of the British society to allow these people to call for enforcement of Sharia because if it is in their home countries, they would have been in jailed, tortured and even killed. If Britain is to prevent future attacks, it will have to go after extremists in anyway which it can. There is no other way to deal with this.

I don’t understand the surprises-2

The President said, he will make illegal immigration a top priority and his strict new rules are doing just that-check. Although he has said before that NATO is obsolete but he has backed out of that but still he has rattled the nerves of Europeans by demanding them to increase their defense spending- a slight check in there too. He also said that he will bomb the hell out of ISIS and he is just doing that only on a slower scale-check He has working on abolishing the net neutrality and also the some of the financial regulations that were enacted in the wake of the financial crisis. He also said that China is manipulating its currency to increase its export, although here he has backed out that stance because he needs their help in containing North Korea Nuclear program but he would have gone after theme too. So the major campaign pledges and promises that he said he would do once he becomes President, he has followed through or is following through so why the surprise on people faces, nobody forced them to vote for him and all his policies had been repeated throughout his campaign not once but recurring. So the voters knew whom to vote for, so the surprises are kind of a surprise to me. And it has not being even six months since the new President. So we, the people will have to endure the next four years facing what was already known by everybody but they choose to ignore thinking once the realities of the Presidency dawns on the new President, he will moderate his stand on certain issues. Good luck with that.

I don’t understand the surprises

Every time some policies are created or rolled back by the new President of the United States, people become very surprised. Even some of this supporter who have voted for him have been surprised by how much his new rules have or are going to affect them and the people who are not yet effected by them will be able to see it themselves later on. But one thing is consistent, most of what he had promised during his election campaign that he would do once he is in office, he is doing it more or less so I am not surprised at all. The surprise is that he is one of the rare politicians who is following through with his campaign pledges and promises and not backing out of it. So let’s start checking why I don’t understand the surprises people show when they say that the President would not or should not done it even if they voted for the policies. He initiated the now marginalized Muslim Ban-Check, he said he would pull out of the Paris Climate deal-check, he said he would tear up the Obama health care, which is going there-check, he said he will move the U.S. embassy to Jerusalem which he is now extended a six month waiver but still-check, he said he will tear up the Iran Nuclear deal, he is still working on it but again, check. He said that he will negotiate the North American free trade agreement and he has informed congress about his intentions- check. He said he will build a wall across the U.S.-Mexican wall and he has started to work on it-check.

The banking industry sucks

I have written extensively (I think so) about the banking industry and over the years it has gotten worse than before which is my own opinion. In the aftermath of the financial crisis that started in 2008, it has been a tough time to be in the banking business with loads of regulations which are being enacted and the amount of work that goes into to make sure everything the bank does is in compliance with those regulations in order to avoid vast amount of fines that can come in the wake of their violations. When I was working full time in bank almost half and even more than that was spent making sure everything was in compliance before we even began to start our work. Everybody including the lowly clerk to the top management is responsible to make sure nothing is in contravention of any rules and regulations that multiple government agencies have enacted. In fact the fastest growth rate in any job category is now in Compliance where the job openings are the highest and the banks are ramping up their compliance department in some places giving the full floors to work to make sure they do not get fined. Still the pressure and the lure of making money is so much that despite having multiple layers of compliance and audits throughout the year, you will still see many banks again getting fined when things start to turn rough for the economy as a whole.