Sunday, June 4, 2017

How I became a Fan of A Japanese Singer who Sang in English

It was great day in a Music festival program in Oosaki Hachimangu Shrine,Sendai this place is one of the national treasure in Japan along with this it's really a beautiful place and the name of the program was “Mori no Miyako no Ongakusai”  Know more: http://oosaki-hachiman.or.jp/

This event is organized by FM-Sendai Japan. In this event many local and international band can participate and perform their performance, make their community, crowd sourcing and many different ways they get the opportunity to explore their creativity in front of mass people.
In the morning I was waiting in the queue to have the ticket to attend the programme by the way the good news is the ticket was free. After a hardle of one hour I got the ticket and joined the programme at 3:30 pm.
When I was sitting on viewer sit suddenly I got to know I had a leaflet in my hand with all singer list in a row. As a foreigner I was little bit downcast to see that all the singers are Japanese. By the way I also like Japanese song but as a new language learner I only can understand the tune and music composition :( not the real meaning of that Japanese song.

From the deep in my my mind I was thinking I wish I could listen some english song from them in the live stage program but I knew it's never possible as Japanese people are very fond of Japanese song and of-course their own language.I was little bit upset but I was enjoying the song from different singer as all the song was in Japanese I was listing the tune and it's really smooth to hear the Japanese song.
Suddenly the 3rd list singer as per leaflet came on the stage and I definitely thought he will also sing all Japanese song but the real strange is here he started his program with an English song in a Japanese live stage program. That time my feeling was like a million dollar and I was very happy to hear the english song from a Japanese singer and I never thought it could be happen. It was kind a unexpected gift from the Japanese singer. By the way his name is Chikuzen Sato
Image Source: Twitter 
and I found him as a good hearted person the way he started his singing with an English song in Japanese community :)
The intro song was “Smile”…….“Blow in’The Wind” I was wondered how beautifully he sang the song literally I am now a twitter follower of him the way I enjoyed the song. Chikuzen Sato is one of the famous singer in Japan as per I researched the internet. He is one of the pioneer in Japanese singing who bring the English song in Japanese culture and its praiseworthy. I appreciate his thinking and his broaden mind the way he is welcoming another language.

Chikuzen Sato’s one of the popular song is “ Spirit of Love” I am recommending you to listen the song and you will gain a new experience about Japanese Singer.

Bravo Mr.Chikuzen Sato the way you sang the English song. You are an icon for Japanese young generation and for the future singer in Japan. Future generation have many things to learn from him. Any japanese and international band can join the event it seems it happens every year. I am looking forward to see many young band group is going to join this event and have this opportunity to let other know who they are.
By the way as a foreigner in Japan I am fond of his singing.

Sunday, May 7, 2017

The World’s 8 Richest Men Are Now as Wealthy as Half the World’s Population

A combination photo shows (top, L-R) Bill Gates, Warren Buffett, Jeff Bezos, Amancio Ortega, (bottom, L-R) Mark Zuckerberg, Larry Ellison, Carlos Slim and Michael Bloomberg. REUTERS/File Photos
Just eight individuals, all men, own as much wealth as the poorest half of the world's population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top.

As decision makers and many of the super-rich gather for this week's World Economic Forum (WEF) annual meeting in Davos, the charity's report suggests the wealth gap is wider than ever, with new data for China and India indicating that the poorest half of the world owns less than previously estimated.

Oxfam, which described the gap as "obscene", said if the new data had been available before, it would have shown that in 2016 nine people owned the same as the 3.6 billion who make up the poorest half of humanity, rather than 62 estimated at the time.

In 2010, by comparison, it took the combined assets of the 43 richest people to equal the wealth of the poorest 50 percent, according to the latest calculations.

Inequality has moved up the agenda in recent years, with the head of the International Monetary Fund and the Pope among those warning of its corrosive effects, while resentment of elites has helped fuel an upsurge in populist politics.

Concern about the issue was highlighted again in the WEF's own global risks report last week.

"We see a lot of hand-wringing - and clearly Trump's victory and Brexit gives that new impetus this year - but there is a lack of concrete alternatives to business as usual," said Max Lawson, Oxfam's head of policy.

"There are different ways of running capitalism that could be much, much more beneficial to the majority of people."

SUPER-CHARGED CAPITALISM

Oxfam called in its report for a crackdown on tax dodging and a shift away from "super-charged" shareholder capitalism that pays out disproportionately to the rich.

While many workers struggle with stagnating incomes, the wealth of the super-rich has increased by an average of 11 percent a year since 2009.
Bill Gates, the world's richest man who is a regular at Davos, has seen his fortune rise by 50 percent or $25 billion since announcing plans to leave Microsoft in 2006, despite his efforts to give much of it away.

While Gates exemplifies how outsized wealth can be recycled to help the poor, Oxfam believes such "big philanthropy" does not address the fundamental problem.

"If billionaires choose to give their money away then that is a good thing. But inequality matters and you cannot have a system where billionaires are systematically paying lower rates of tax than their secretary or cleaner," Lawson said.

Oxfam bases its calculations on data from Swiss bank Credit Suisse and Forbes. The eight individuals named in the report are Gates, Inditex founder Amancio Ortega, veteran investor Warren Buffett, Mexico's Carlos Slim, Amazon boss Jeff Bezos, Facebook's Mark Zuckerberg, Oracle's Larry Ellison and former New York City mayor Michael Bloomberg.
Via: reuters

Saturday, May 6, 2017

What is Generalized System of Preferences (GSP)?

Image:interimvalley
The Generalized System of Preferences (GSP) is a generalised, non-reciprocal and nondiscriminatory
preference scheme beneficial to developing countries (also known as
preference receiving countries or beneficiary countries) extended by developed countries
(also known as preference giving countries or donor countries) . It involves reduced MFN
Tariffs or duty-free entry of eligible products exported by beneficiary countries to the
markets of donor countries.
The basic principle behind GSP program worldwide is to provide developing countries with
unilateral preferential market access to developed-country markets in order to spur economic
growth in poorer countries. T
The main objectives of granting trade preferences to developing countries are to:
• Enhance their export earnings;
• Promote industrialization, and
• Encourage the diversification of their economies.
Countries that extend GSP benefits:
Presently, 29 preference giving countries are extending GSP concession through their
respective Schemes. These are Australia, Canada, Czech Republic, European Union,
Japan, New Zealand, Norway, Bulgaria, Hungary, Poland, Russian Federation, Slovakia,
Switzerland, and USA.
It is to be noted that the GSP schemes offered by the various donor countries and their
rules of origin differ fundamentally. Goods complying with the conditions of the GSP of
the USA, for example, will not necessarily comply with the EU GSP.
Bangladesh as a Least Developed Country (LDC) is enjoying duty free market access or reduced tariff rate facilities to export to various developed and developing countries in the world. This facility is enhanced and privileged by the membership of World Trade Organization (WTO). Besides,

Bangladesh is the member of different regional trade blocs. Thus the country enjoys duty free or reduced tariff rate access to other member countries.
WTO members always recognize the necessity of providing Duty Free Quota Free (DFQF) market access to LDCs. It was decided in the 6th WTO Ministerial Conference held in Hong Kong in 2005. All developed countries will provide DFQF market access to LDCs for at least 97% tariff lines. Bangladesh is getting DFQF market access to different markets.This is the first legally binding decision on DFQF for LDCs.
Bangladesh is getting GSP facilities from 38 countries;
European Union – 28 countries.
Others - Australia, Belarus, Canada, Liechtenstein, Japan, New Zealand, Norway, Russian Federation, Switzerland and Turkey – 10 countries.

What is Preferential Tariff System

A tariff schedule under which one or more nations are given lower rates or other advantages over others. That is one country will give a traffic reduction facilities to other country.
A preferential tariff system can be applied to certain goods from certain specified countries and groups of countries.
The parties to a system of preferential tariffs levy lower rates of duty on imports from one another than they do on imports from third countries.
A tariff which imposes lower rates of duty on goods imported from some countries.
This facility is enhanced and privileged by the membership of World Trade Organization (WTO).
In summary it's a comfort zone for two or more countries how the would like to prefer tariff for export-import.

Qualifying for Preferential Tariff System
To qualify for preferential tariff treatment, imported goods must satisfy all the specific requirements that are applicable to the preferential country or country group in which the goods were produced or manufactured. As a general rule, the goods must:
(a) satisfy the rules of origin applicable to the particular preferential country or country group; and
(b) comply with all other relevant requirements applicable to the particular preferential country or
country group (eg, direct shipment). The rules of origin set out the criteria for determining whether imported goods are to be treated as being the produce or manufacture of a particular preferential country or country group.

Friday, May 5, 2017

Warren Buffett says he sold a third of stake in IBM: CNBC

Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick Wilking
Warren Buffett said he has sold about one-third of Berkshire Hathaway Inc's (BRKa.N) big stake in IBM Corp (IBM.N), CNBC reported on Thursday, reducing a bet by the famed investor that surprised many and which so far has yet to prove successful.

IBM's stock touched $180 on Feb 14 and reached a high of $182.78 during Feb. 16 trading. It closed on Thursday at $159.05 on the New York Stock Exchange.

Berkshire and Buffett's assistant did not immediately respond to telephone and email requests for comment. IBM could not be reached for comment outside regular business hours.

Buffett owned about 81 million shares of IBM at the end of 2016 and sold about a third in the first and second quarters of 2017, CNBC reported, citing Buffett.

"I don't value IBM the same way that I did six years ago when I started buying ... I've revalued it somewhat downward," Buffett told CNBC in an interview.

The IBM investment was initially viewed as a surprise, given Berkshire's longstanding underweighting in the technology sector and Buffett's resistance to investing in businesses he considered more difficult to understand.

The IBM stake had grown to be one of Berkshire's largest stock investments, along with such companies as American Express (AXP.N), Coca-Cola (COKE.O), Wells Fargo (WFC.N), and more recently Apple (AAPL.O) and Kraft Heinz (KHC.O).

Buffett has long been willing to sell stock investments, as opposed to entire businesses, when they do not pan out or he finds something better.
"IBM is a big strong company, but they've got big strong competitors, too," he said.

Berkshire Hathaway still owns over 50 million shares of IBM and Buffett said he has stopped selling.

In April, IBM reported a bigger-than-expected decline in revenue for the first time in five quarters due to weak demand in its IT services business.
Source:Reuters

Wednesday, May 3, 2017

Fed up at work? Be thankful you're not this sewer cleaner from Bangladesh

A sewer cleaner for the Dhaka City Corporation  CREDIT: ZAKIR CHOWDHURY/BARCROFT IMAGES
 By: Adam Boult 
Pretty much everyone who has a job has something they don't like about it. Perhaps your boss is a fool. Perhaps your customers are idiots, and your colleagues are small-minded vulgarians who've never taken the time to get to know the real you. Perhaps the printer doesn't work very well. Whatever it is you don't like about your job, at least be thankful that:

a) you have a job

b) your job is not this job: cleaning the sewers of Bangladesh.
Hope he's keeping his mouth shut. CREDIT: ZAKIR CHOWDHURY/BARCROFT IMAGES
As you can see, this Bangladeshi sewer-cleaner is carrying out his duties without protective clothing. Not even a pair of swimming goggles.

This man is an employee of the Dhaka City Corporation. Dhaka, the Bangladeshi capital, has a population in excess of 14 million, and has recently been hit by major floods caused by heavy rains and an insufficient storm drainage system.
CREDIT: ZAKIR CHOWDHURY/BARCROFT IMAGES
The City Corporation and the local Water Supply and Sewerage Authority have recently been at loggerheads over how best to resolve the issue, which has been compounded by extensive road digging releared to the laying of new sewerage and drainage lines.

CREDIT: ZAKIR CHOWDHURY/BARCROFT IMAGES
In the meantime, it's up to heroes like this man to keep the system working as best as possible.

Whatever he's getting paid, it's not enough.

Mastercard to buy back shares worth $4 billion

MasterCard credit card is seen in this picture illustration taken in Bordeaux, Southwestern France, August 22, 2016. REUTERS/Regis Duvignau - RTX2N75G
Payment processor Mastercard Inc (MA.N) said on Tuesday it would buy back class A shares worth $4 billion and raised its quarterly dividend.

The new share repurchase program will be effective at the completion of the company's previously announced $4 billion share repurchase program, under which it has about $1.3 billion remaining.

The company also increased its quarterly cash dividend to 22 cents per share, a 16 percent increase over the previous dividend of 19 cents per share.
Mastercard had 1.09 billion class A shares and 21.3 million class B shares as of Dec. 31.
source: reuters