National
April 5, 2021
Mostly in the developed countries, making state institutions autonomous is indeed a goal for attaining prosperity. Pakistan is also aiming towards this aspect and making institutions independent, including the State Bank of Pakistan (SBP). Though Pakistan has become independent and sovereign but it is still in a colonial mode. Hence, limited autonomy to the institutions may work well, as one cannot have a country which is in the colonial mode but whose institutions are fully autonomous and sovereign.
Indeed, there are three characteristics which distinguish a sovereign country from one in the colonial mode. One, its policies are made abroad. Two, those who implement these policies are imported. Three, colonial transfers from the colony to the colonial power take place. In the light of these three characteristics, Pakistan is still in the colonial mode. Its policies are believed to be made abroad, its ministers and advisers are often foreign and dual nationa
Dow, S&P 500 Reach New Record Highs On Strong Economic Data
WASHINGTON (dpa-AFX) - With traders returning to their desks following the long holiday weekend, stocks have moved mostly higher in morning trading on Monday. The advance on the day has lifted the Dow and the S&P 500 to new record intraday highs.
In recent trading, the major averages have reached new highs for the session. The Dow is up 362.78 points or 1.1 percent at 33,515.99, the Nasdaq is up 180.01 points or 1.3 percent at 13,660.12 and the S&P 500 is up 49.95 points or 1.2 percent at 4,069.82.
The rally on Wall Street comes as traders finally have an opportunity to react to the monthly jobs report, which was released while the markets were closed on Friday.
Two fundamentals of policy making in a democracy
After a long time since Independence, democratic India is taking to a kind of sovereign policy framework that rests on the two fundamentals of ‘economic advancement’ and ‘national security’ – providing a goal to the state at all times for serving the interest of every citizen of the country.
DC Pathak (The writer is a former Director Intelligence Bureau)
After a long time since Independence, democratic India is taking to a kind of sovereign policy framework that rests on the two fundamentals of economic advancement and national security – providing a goal to the state at all times for serving the interest of every citizen of the country. This two-fold national objective has guided the Modi regime providing a refreshing contrast to the muddled approach earlier of pushing in ideology in development and giving in to belligerent neighbours for lack of confidence in India as a major power of South Asia.
Treasuries Move To The Downside Following Strong Economic Data
WASHINGTON (dpa-AFX) - Following the rebound seen in the previous session, treasuries moved back to the downside as trading resumed on Monday.
Bond prices regained some ground after an initial drop but remained firmly in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.1 basis points to 1.720 percent.
The weakness among treasuries came as the release of strong U.S. economic data reduced the appeal of safe havens such as bonds.
The Labor Department s closely watched jobs report, which was released while the markets were closed on Friday, showed employment in the U.S. spiked by much more than expected in the month of March.
Immigration, a public charge, and tax tyranny! On January 25th, 2020, the United States Supreme Court upheld the Trump Administrations public charge rule, allowing it to take effect. The rule, designed to protect American taxpayers from having to finance the economic needs of millions of immigrants flooding into the United States made it more difficult for them to acquire a green card and permanent residency should they use, or were found likely to use, taxpayer financed benefits such as food stamps, public housing and Medicaid, and thus becoming a public charge.
And why not have such a rule? As far back as our colonial period, laws were enacted to prohibit the immigration of individuals who might become a public charge. One such law forbid