- Written by: Kamran Mofid
- Hits: 761
(Updated on 21 March 2023)
Photo:UNESCO
Celebrating the linguistic expression of our common humanity
‘...Held every year on 21 March, World Poetry Day celebrates one of humanity’s most treasured forms of cultural and linguistic expression and identity. Practiced throughout history – in every culture and on every continent – poetry speaks to our common humanity and our shared values, transforming the simplest of poems into a powerful catalyst for dialogue and peace.
UNESCO first adopted 21 March as World Poetry Day during its 30th General Conference in Paris in 1999, with the aim of supporting linguistic diversity through poetic expression and increasing the opportunity for endangered languages to be heard.
World Poetry Day is an occasion to honour poets, revive oral traditions of poetry recitals, promote the reading, writing and teaching of poetry, foster the convergence between poetry and other arts such as theatre, dance, music and painting, and raise the visibility of poetry in the media. As poetry continues to bring people together across continents, all are invited to join in.’- United Nations, World Poetry Day 21 March
- Written by: Kamran Mofid
- Hits: 283
Yet another Banking Crash
Is the Collapse of the SVB the repeat of the spectacular fraud-ridden a la Madoff Ponzi scheme of 2008?
Were the big wigs at the bank con artists like Bernie too?
'The collapse of Silicon Valley Bank - the second-largest bank failure in US history -
sent anxiety across the financial system and shook the tech industry.' REUTERS/Dado Ruvic/Illustration
‘Silicon Valley Bank collapse is the second-largest failure in American history, followed by the Lehman Brothers financial crisis in 2008. The regulators shut down the bank entirely on Friday and seized the deposits. It all started on Wednesday when SVB needed to raise nearly $2.25 billion. When the bank failed to raise capital, it sold securities in loss to shore up the balance sheet. Investors reacted to this, and the bank’s share price fell over 60%. The venture capital firms also advised companies to withdraw their deposits. The banking sector has been deeply hit by the wave of SVB’s failure. Signature Bank of New York has also been shut down on Sunday, registering the third largest fall in the US…’-The Inside Story of Silicon Valley Bank’s Failure
See also: The SVB debacle has exposed the hypocrisy of Silicon Valley
‘As of mid-day 14 March, market panic caused by SVB collapse has wiped £382bn off bank stocks in recent days.’
- Written by: Kamran Mofid
- Hits: 242
Photo:peaceandjustice.org
Neoliberal Economics/ Capitalism and Value-free Oligarchy are the Enemies of Humanity
In these days of populist, polarised, creeping right wing authoritarianism and corruption, and when the petulant oligarchs rule the world over, this is A Must-read Book on the inhumanity of America’s Oligarchs maximising pain and suffering, destroying everything on their path, whilst pocketing billions and billions in the process!
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