Wednesday, January 7, 2009

Mercy on Palestine

Israel's war on Gaza was disproportionate and punishes the Palestinian people for refusing to bow to Israel's fait-accompli in the strip.
"Usually people are pushed to collective punishment because they want to punish resistance movements or national liberation movements.
"That's usually what colonial powers did, and that's what Israel is doing.
said the majority of Gazans are refugees, whose ancestors used to live in what is now Israel.
"Everybody knows that 75 per cent of the people of Gaza are refugees. Everybody knows that Israel disengaged from Gaza militarily, but occupies it economically and politically and also it besieges Gaza militarily.
"Israel would say, "what would any normal country do if they were threatened by rocket fire? They would act".
"But Israel is not a normal country, it is an occupying country, a colonial country and the people of Gaza are under siege."
‘Punishing democracy’
Bishara said that Palestinians are being punished for choosing Hamas in the January 2006 democratic elections and accused Israeli officials for dramatising their lies.
"Shimon Peres, the Israeli president, should be asked, "What would you do if your house is besieged and you can't feed your child, can't go to school, and can't take them to the doctors and physicians when they are ill.
"I consider Hamas rockets a protest shout, they haven't hurt many, only the few. They are weapons of the poor, used to express their will.
"What brought the war was the siege. When colonial powers have historically gone to occupy countries, siege has always been a weapon. Siege is a military action at the beginning of war.
"When it did not work to break the will of the Palestinian people... Israel realised that the rockets were a response to the siege, and they went to the next phase which was direct military aggression, which is actually now directed against civilians to punish them for their democratic choice.
"What I think will happen is a ceasefire that will mean an end to the siege if the rockets stop. It will happen after the deaths of so many people."

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Satyam Removed from Nifty

Satyam is Removed from Nifty, Its price is seen at a level of 10. Keep on Reading about what happened.

It was one of the darkest days in history of corporate India. Early this morning, B Ramalinga Raju — the founder of Satyam Computers, one of India’s largest IT companies — dropped a bombshell when he sent a five-page letter to the stock exchanges confessing to one of the biggest frauds ever seen.

Satyam had nothing by way of a balance sheet and it had been cooking its books for the last many quarters, fabricating lies for the benefit of all its shareholders, for its independent directors and other directors and perpetrating a lie that went through for several years before he chose to confess this morning.

The result: the Satyam stock lost 75% of its market cap, a huge collateral damage took place across the market that tanked 750 points raising a lot of apprehensions about how the world would see it both for the IT services sector, the Indian corporate sector and its standards of governance and also to how FIIs would react to such an episode.

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Who Will Buy Satyam?

"We are not interested in the whole company. We may be interested in its telecom business which forms a very small part of Satyam's entire portfolio if customers want us to," the company spokesperson speaks.
He said the interest areas for Tech Mahindra could be taking over the telecom contracts and the employees associated with the vertical.

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Tuesday, January 6, 2009

Inhuman Isreal's Genocide

Palestinian civilians are continuing to suffer as the Israeli military pushes deeper into the Gaza Strip.At least 548 people have been killed in the territory in the last 10 days, with at least 100 deaths reported since the Israeli ground offensive began on Saturday.Among the dead on Monday was a family of seven from Shati refugee camp, who were killed by Israeli navy shelling.
Three siblings from one family, as well as a girl and her grandfather, also died in the Zeitoun neighbourhood of Gaza during artillery shelling.Emergency medical services have also come under attack with the al-Awda hospital in Jabaliya being hit by two Israeli shells, foreign human rights activists said.
"Two consecutive shells just landed in the busy car park 15 metres from the entrance to the emergency room," Alberto Arce of the International Solidarity Movement said in a statement.
"The entrance of the emergency room was damaged. At the time of the shelling ambulances were bringing in the wounded that keep pouring in."Medics killedOn Sunday, an Israeli raid killed at least four paramedics as they tried to reach wounded Palestinians. Ambulances have also been hit in the attacks, Palestinian sources said.
government officials say they are not targeting civilians, but only seeking to halt rocket fire from the Palestinian Hamas movement governing Gaza.There are also fears that the humanitarian situation will further deteriorate as the strip, home to 1.5 million people, is suffering from acute shortages of fuel, food and medical supplies.Iyad Nasr of the Red Cross in Gaza City said that the military operation has worsened the hardships created by the Israeli blockade over the last 18 months.
"The size of the operations and the size of the misery we are seeing here on the ground is just overwhelming," he said.
"We are trying our best to support the infrastructure that has been depleted ... and prevent the total collapse of the medical systems.
Nasr also said that aid workers and emergency medical personnel were finding it increasingly difficult to move around the territory after the Israeli military effectively split it in two.
"The ICRC has to contact the Israeli authorities for each single wounded to be evacuated with an ambulance," he said.Al Jazeera's Ayman Mohyeldin, reporting from Gaza City, said that many other Gazans have fled their homes taking refuge in schools converted into temporary shelters by UN agencies.
"The United Nations says 13,000 people, over 2,000 families, have now been internally displaced because of the fighting, and that is just in the north of the strip," he said.

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