Tag Archives: money

It Pays to Be a Widow !


CartoonStock.com

CartoonStock.com


The Nepal Government, is being sexist!
On Monday Reuters reported that about 200 women marched through the Nepali Capital to denounce a government scheme to pay cash incentives to men for marrying widows. ( http://www.reuters.com/article/oddlyEnoughNews/idUSTRE5792FC20090810 )
The report was not very clear as to why the women were protesting. To my mind there could be two distinct possibilities.

(i) the women were angry that men should have to be rewarded for marrying widows.

(ii) the women could have been protesting that the government was paying too less !

Nepal’s centre-left coalition recently announced a plan to pay the equivalent of $650 to any man who marries a widow. This raises interesting questions. Why is the government trying to incentivise the marriage of widows? Would it not be better off penalizing men for dying. If they did not die in the first place there would not be any widows. Those who dared to die would have to pay a hefty penalty to the government, half of which could go to the widows. To my mind this would be a more equitable, non-sexist proposal.

And of course it would help the government raise some cash rather than give away the moolah!

Reuters said that women protesters have said they will gather more widows from across the country and organize more protests.

This needs to be seriously considered. Is the government ready for large-scale protests, with violence, riots and the possibility of deaths that these protests could result in ?

Probably not. Consider that the protest might result in people getting killed and a few more widows being created – sort of defeats the governments purpose!

Interestingly if the same scheme were to be put to practice in India the case would have been much different. Instead of protests there would probably be great support to the plan. People would probably ask the government to not be stingy and extend the offer to cover all marriages, not just the ones to widows.

What could be better than to marry and be given Rs. 30,000 by the government? Indians are famous for their lhankering after dowry. If it comes from the government, so much the better ! And it would finally convince me that our taxes were being put to good use !

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ANYBODY WANTS $700 BILLION ?


 

 

 

 

ITS ALL ABOUT MONEY ! HONEY !!

 

 

The US House of Representatives has voted in favour of a $700bn bail out plan aimed at rescuing the US financial system. Ok. That’s good news … right? … Please tell me its good news… It has to be good news… We can’t have all bad news all the time!

          Now if you are wondering how you can qualify to get your cut of this $700bn JUST FORGET IT!!!

 

          The money is for Banks (whom I know you all love Of course!) 

These banks are in are in deep trouble. These banks are peopled by highly intelligent people. Since these people are so intelligent they are in a mess!

 

          At some point in the past these banks invested heavily in the US mortgage market (They seriously did … I am not making this up!)

Later the big event happened!

 

          The housing bubble went PHUT!

 

          What this means is that the more optimistic bankers can hope to recover a few cents. The rest can contemplate suicide.

Most banks do not know how much they will recover on these bad loans.

In walks Santa Clause (read: US House of Representatives). He is going to buy the bad debts off the books of the banks. So the Bad banks … er… I mean bad debts will become reformed … and there will be more credit in the market (with which banks will immediately go and invest in the US mortgage market!)

 

          US Treasury Secretary Hank Paulson wants to use the money to buy up many of the dubious mortgage investments. He is VERY clear as to why he wants to do this… its just that he has not been able to explain to anyone else his reasons for doing so  !

 

          In return, US taxpayers will gain a non-voting stake in the banks they rescue. So if the banks recover, taxpayers may make a profit. Taxpayers always get a fair deal!

 

          The Government will try to buy the mortgage securities in such a way as to be able to protect those people who are facing foreclosure. So you can come out from under your bed or wherever you are hiding in fear of the foreclosure people. Uncle Sam will make good!

All very simple … the only thing i can not understand is how do these banks do it? If i go bankrupt i will be on the roads… but when these banks almost go bankrupt the Government gives it $700bn.

           Some people have all the luck in the world!