Kuwait “our land” gave us alot, people should realize its time to pay back before its too late.

Keep up the positive spirit and determination, people like you make the difference.

Moore is an idiot. He just wants the spotlight. Kuwait isn’t a capitalist country we are socialists.

2. Excellent point. I totally agree that it is the same thing happening in the States when it comes to credit card usage and we should idolize the US just for the sake of it. However, my point is that our government as opposed to the US bails out its citizens and creates moral hazard. Do you know what happened to people who couldn’t afford homes and bought them in the States? They got foreclosed on! Out.

3. True to a pioint, but not entirely. Transperency regulations and laws are a cornerstone to any economy.. Regulations couldn’t save the US because Wall street is much smarter than the SEC and for every SEC employee there are thousands of bankers finding loopholes (such as the off-balance sheet stuff). However, don’t confuse this with insider trading. There were no cases of insider trading during the crisis, and if there were the people responsible are in jail because there are laws here. Martha Stewart is a perfect example. Another would be ponzi schemer Madoff and the latest added to the list insider trading Galleon hedgefund head. Anyways, my point is regulations are important. They are not perfect, but decent. Imagine you have an open space between 2 walls. Regulations can’t put in a steel door on it, but could put a strong glass window. It will save us most of the time and is better than having the space open. Sorry for the long example.

Last part:

Taking write-downs cleans balance sheets. True, unemployment is above 10% and it will take time for it to go down, but it is a lagging indicator. Nevertheless, I don’t believe we will have much employment. However, banks are clean now and are all making profits.

I don’t believe more developed markets are using perfectrlt effective methods, but at least they have methods.

In addition to what was said, one could add other issues as important if not not more important on all levels.

I hate to say it but we live in a “la la land”. The Government/Parliment acts like a child in a candy store and it don’t know when to stop and take responsibility!

We don’t have a true open market. We actually have an “open socialist” system depending on the government from birth to death.

Sadly, we have an old saying (in arabic) that goes something like that “if you don’t learn then, life will teach you”. We are reaping what we sow.

And last but not least, in the last part with the write-offs when you say the US is a perfect example of such an approach, you’re speaking as if you already saw the ending of that story. We’re not there yet. Last I heard and correct me if I’m wrong unemployment is still insane in the US.

I guess what I’m trying to say is that although I agree with a lot of what you said I disagree strongly with the insinuation that other more developed markets are using perfectly affective approaches and solutions. And while I am nowhere near knowledgeable enough to propose a new economic system, I do wonder if we should be questioning some of the tenants of capitalism as a whole.

http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=265046

Zain named best mobile operator in Middle East

Posted on » Sunday, November 22, 2009

MANAMA: Telecom giant Zain was named the best mobile operator in the Middle East.

It won three of the most prestigious prizes at the Third Annual Telecoms World Awards Middle East in Dubai, organised by Terrapinn.

The company won the prize for best operator, best brand and was deemed to have the best technical innovation for its ground breaking, borderless ‘One Network’ service.

“Zain is at the very top of its game in many ways. It has robustly addressed customer needs in terms of quality, reliability and service,” said the four-member judging panel.

peteyb:
Your comments are intriguing and point to an intellectual writer. You are always welcome to submit articles thru our article submission section.