Reported by: Anza CRWE Newswire Middle East Correspondent

The Kingdom of Saudi Arabia celebrated its 80th anniversary of the National Day and Unification on September 23rd, 2010.

The Kingdom’s leadership and people celebrated the anniversary of the Declaration of the late King Abdulaziz (May Allah bless his soul) of the unification of this blessed country under the banner of “There is no God, but ALLAH, and Muhammad s.a.w.w is the Prophet of ALLAH”

During the unification stages over thirty two years, the late King Abdulaziz laid the basics of this entity on the guidance of the Holy Quran and the Prophet’s (peace be upon him) Sunnah. King Abdulaziz ensured justice, sanctuary and safety during his era.

The first Saudi state in 1157H was established by support from Imam Muhammad Ibn Saud for the call of Sheikh Muhammad Ibn Abdul Wahab intended to return to true Islam and correct beliefs, which were blemished by misgiving and ignorance and they pledged for cooperation for the return of the society in the Arabian Peninsula to the faith of Islam as it was at the beginning of Islam and according to the teachings of Prophet Muhammad (PBUH). They pursued this path to attain this great objective.

The ruling of the first Saudi state finished after approximately 46 years because of foreign intervention.

In the year 1250H, the second state of Saudi Arabia was set up under the leadership of the 2nd Founder Imam Turki bin Abdullah bin Muhammad bin Saud, who and his sons after him persisted the approach of their ancestors for about 68 years until the end of the rule of the second Saudi state in 1308 as a result of internal factors.

On Shawwal 5th, 1319 H, the late King Abdulaziz regained Riyadh, and laid the first bloc of the foundations of the Kingdom focused to govern on the basis of the Holy Quran and Prophet’s Sunnah.

Originating from Islamic approaches and orientations, the late king Abdul Aziz had called for Arab cooperation and Islamic solidarity, contributed distinctively to the establishment of the Arab League, participated in the United Nations as a founding member, and recorded in the history his extraordinary and remarkable positions on many world events and regional and international issues.

The late King Abdulaziz supported the Palestine matter and defended it in his contacts with world leaders to regain the legitimate rights of the Palestinians.

The late King Saud was the first king to follow the path of the late king Abdulaziz. During his era, all institutions of the state completed and features of progress emerged.

Afterward came, the late King Faisal who was the leader of the Islamic solidarity and the Kingdom started implementation of five year development plans.

The period of late King Fahd was characterized by comprehensive achievements, growth and progress in all fields.

On August 01, 2005, the royal family pledged allegiance to King Abdullah Ibn Abdulaziz Al Saud who had addressed the nation by saying that he would follow the pathway of the Founder the late King Abdulaziz, to take the Holy Quran as a constitution and Islam as a way and approach to achieve justice and serve all citizens.

In the era of the Custodian of the Two Holy Mosques, King Abdullah Ibn Abdulaziz, the Kingdom of Saudi Arabia has been witnessing more maga development achievements in all provinces of the Kingdom in a different range of sectors including education, health, transport, communication, industry, electricity, water, agriculture and the economy.

Reports of the previous year that followed the Eighth Development Plan 1425/1430H demonstrated that the achievements have accomplished the target rates in the plan and in some cases exceeded the target growth rates.

The Kingdom of Saudi Arabia exceeded in the field of development the ceiling approved for the achievement of several development goals set by the Millennium of the United Nations in 2000 and the Kingdom is on the road to achieve a number of them before the proposed dates.

A number of developmental programs and projects have been approved as well to those contained in the 8th five year plan and in the State budget including projects of the Two Holy Mosques in Makkah and Madina, the Holy sites development of infrastructures, primary health care, general education, higher education, technical education, public housing and increase in capital of development funds, hike in State’s reserves, and support for Public Investment Fund.

The works has been on-going to establish economic cities, including King Abdullah Economic City in Rabigh City, Prince Abdulaziz bin Musaed Economic City in Hail, Jazan Economic City, The Knowledge Economic City in Madina as well as King Abdullah Business District in Riyadh, declaration of Airport in Madina as an international airport, the extension and expansion of King Abdulaziz Airport in Jeddah, the establishment of Economic City Airport in Rabigh, increase in number of universities in the Kingdom from 8 universities to about 25, the opening of several colleges and technical and health institutes and colleges for girls.

King Abdullah Ibn Abdulaziz Al Saud has taken many decisions to ameliorate the standards of living of Saudi citizens and to support allocations of services’ sectors.

The King has leading roles in the service of Arab and Islamic issues and laid foundations of political actions as Gulf, Arab, Islamic and International arenas, in addition to, establishment of the global dialogue among the followers of religions, cultures and civilizations.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

By Mike Zaman

Bush’s Tax Cuts for the wealthy enacted in 2001 and 2003 which Obama plans to reduce has become a flag ship for the Republicans.

Yet congress controlled by the Democrats, remains catatonic giving the Republicans an unbridled opportunity to capture control over both houses this November, in which the tax cuts will be continued.

The Tax cuts so far have made a profound change in our country, it has allowed the wealthy to accumulate even more wealth and pay less in taxes. While main stream that 98 percent of America are on the fringe, if not already living in a sub standard culture.

Now there is a political fireball brewing in Washington, the Big Business advocates, the Republicans want to continue the tax breaks for the wealthy; their premise is that this will boost the economy. However so far it has had an opposite effect due to what is called hoarding. Perhaps their thinking, the Republicans, is the age old notion, feed your friends and they will feed you! After all that does seem to be how Congress and the White House have conducted business so far. The name of George Soros comes to mind.

The lavish tax cuts for the wealthy have done nothing for America; it has allowed the wealthiest among us to become even richer at the expense of what’s left of the Middle Class and decidedly the Lower echelon of our economy.

And not surprisingly 109 of the richest 400 Americans are in finance or investments.

And the latest tally demonstrates that somewhere in excess of 20 million Americans don’t have work…

Meanwhile Obama and congress fight over health care reform

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

China an ancient civilization, has expanding over a large area in East Asia, and is now a country with multinational associations.

China is one of the world’s oldest civilizations. Before the 19th century, it was one of the most advanced societies and economies in the world; but through succeeding dynasties it failed to revolutionize and make way for industry, which set in motion its ultimate decline.

In the 19th and 20th century, imperialism, internal weakness and civil wars became the cause of the country and its economy to all but collapse, which led to the overthrow of imperial tenet.

In 1978 , under the management and control of Deng Xiaoping, the People’s Republic of China began to reform its economy by transforming a command economy in to a market economy. Consequently, the coastal regions of eastern China benefited greatly from these reforms, and their economies quickly raced ahead. However, the western half of China lagged behind rigorously. In order to assist the western half of China to move into the future and to catch up with the eastern half; a Leadership Group for Western China Development was established by the State Council in January 2000, directed by then-Premier Zhu Rongji.
With the passage of time China progressed and developed. Chinese adopted and implemented various strategies to accomplish this. The main constituents of the strategy take account of the development of infrastructure (transport, hydropower plants, energy, and telecommunications), inducement of foreign investment, augmented attempts and efforts on ecological protection (such as reforestation), promotion of education, and retention of talent flowing to richer provinces. As of 2006, in western China, a total of 1 trillion yuan has been invested in building infrastructure.

They initiated various projects for the development of China and allocated heavy budgets for them. The western development bureau affiliated with the state council also assisted them to accomplish their projects.

Some of these projects included new railway lines connecting Guiyang and Guangzhou, Lanzhou and Chongqing, Kashgar and Hotan in Xinjiang; highways between Wanyuan and Dazhou in Sichuan Province, Shuikou and Duyun in Guizhou Province; airport expansion projects in Chengdu, Chongqing and Xi’an.

Moreover they also include the construction of hydropower stations, coal mines, gas and oil transmission tube lines as well as public utilities projects in the western regions.

With a total investment of more than 1.3 trillion yuan, China had initiated 92 key construction projects in the western regions, by the end of 2007.

The Big Western Line, a probable constituent of the South-North Water Transfer Project, was a proposal for switching water from the upstream sections of six rivers in southwestern China, including the Mekong, the Yarlung Tsangpo and the Salween, to the dry areas of northern China through a system of reservoirs, tunnels and natural rivers. This project may be the most divisive plan to date.

As far as West’s economic development is considered, China’s efforts to develop its western regions had played a vital role.

Substantial investment has enhanced the region’s productivity, efficiently and effectively increasing the GDP in all western regions, although the project was successful it could not achieve its goal of eliminating the economic gap between China’s East and West. From 1999 to 2001, Xinjiang and Guangxi displayed and presented an annual GDP percent increase of as high as 30%. China’s western regions have reported an annual average economic growth rate of 10.6% for six years consecutively. The combined GDP of the western regions reached 3.33 trillion yuan in 2005, in comparison with 1.66 trillion yuan in 2000, while net income grew on average 10% for metropolitan dwellers in the west and 6.8% for countryside residents. Initiatives and incentives encouraged Chinese from wealthier and more crowded and swarmed regions of China to move to the moderately less crowded western regions has resulted in population growth in, most notably Qinghai with its increase of 12.6%.

However, the economic escalation rate of China’s East persists to surpass that of the West, causing the western share of domestic product to continue to fall. The West’s contribution to the GDP declined from 20.88% in 1990 to 17.13% in 2000. From 1900 to 2000 relative levels of GDP per capita in the West decreased from 73.30% to 60.87%. In 1990, Shanghai’s per capita GDP was 7.3 times that of Guizhou, the most underprivileged province in China; by 2000, the number had grown to 12.9 times. Evidence from the China Statistical Yearbook also indicates the increasing economic gap between China’s West and East, and expresses that the east-to-west GDP ratio increased from 2.98 in 1980 to 4.33 in 2000.

Since the beginning of economic reform and open-door policy in 1978, the western region has been in a prejudicial and unfavorable economic position as it promises a less rewarding and profitable return to the investors than its eastern competitors. So, one of the major purposes of the Open Up the West initiative was to bring in foreign investment by creating a more steady and stable investing environment via infrastructure construction. This was an achievement for the western development project at some level, for statistics shows a considerable growth in foreign investment in the western regions, from US $1,837.35 million in 1999 to $1,922.19 million in 2001. Though, not all areas in the western region shared in this advancement. While foreign direct investment in Chongqing raised US $17.56 million between 1999 and 2001 (from US $238.93 million to $256.49 million), foreign investment in Guizhou, Guangxi and Ningxi declined notably, dropping about USD $19.71, $250.96 million, and $34.54 million respectively.

The situation in Guizhou divulges a particularly insidious effect of the Western Development Program. Regardless of the fact that Guizhou accepted 53.3 billion yuan in infrastructure construction in 2001 alone, more than the total amount given by the Ninth Five-year Plan (1995-2002), its foreign capital fell from US $40.9 million in 1999 to $29.29 million in 2001, a surprising 31% decline, reaching its lowest point since 1997. Contrary to what the state had intended, the West-East Electricity Transfer Project in Guizhou only guaranteed the continued increase in foreign investment on the coast, as most of the electricity generated in Guizhou was transmitted to Guangdong.

Associate professor of geography at the University of Colorado at Boulder argues that the decline of foreign investment in certain western regions is an outcome of Beijing’s effort to recentralize the province’s economy via mega-projects, for instance, Guizhou’s west-east electricity transfer project.

The escalation of central control over the economy has corroded the trust of foreign investors. In the case of Guizhou, whereas, the Chinese central government planned to attract foreign investment in the power sector through the West-East Electricity Transfer Project, only 5% of foreign investment came in the sector of energy. Approximately 75% of Guizhou’s foreign investment was channeled into manufacturing and 15% to real estate development. Since the campaign’s economic program is robustly central planned, the campaign has actually discouraged foreign investment, working against its original objective.

Anticipating noteworthy environmental impacts in the substantial infrastructure development program, the state highly publicizes environmental preservation in its campaign to open up the West.

Farmland alteration to forest and grassland is the leading approach for this effort, targeting exclusively the regions critical to the Yangtze’s protection. In Sichuan, the government intends to protect the 19.23 million hectares of existing forest and plant further 2.93 million hectares of new forest to reduce the amount of silt flowing into the Yangtze. In 2001, around 20,000 mu of farmland was altered in Guizhou, a key region for Yangtze preservation. Between 1999 and 2002, in Shaanxi, 571,000 hectares of farmland and 427,000 hectares of wasteland were transformed to forest or grass. Later on in 2003, another 280,000 hectares of farmland and the same area of wasteland were converted.

According to the director of the World Bank in China, its environmental program in the west has made China “one of a few countries in the world that have been speedily growing their forest cover”.

Although the project appears to be going successfully, but for the government it creates a potential fiscal burden. Considerable and massive farmland conversion requires a great amount of funding for resettling the farmers. Additionally, to reimburse farmers for their loss in agricultural profit, the state has committed to supplying them with grains and donations for plantation of trees and grass. This results in a prearranged allocation of 60 Yuan per mu by the central policy. But a farmer’s discontent is a further difficulty, when the government fails to deliver on its contract, since the local government usually bases compensation on actual production value, ensuing in compensation between 20-50 Yuan, plus a 300 Jin appropriation of grain.

Those farmers who are provisionally receiving benefits from the compensation will soon depend on a governmental subsidy, once the tree-planting project is completed. In Shaanxi 81,000 tons of grain, 154 million Yuan in cash subsidies and 266 million Yuan for tree saplings to almost 800,000 farming households have already been invested. If the provincial government makes a decision to continue its commitment for another 5-8 years, it will cost a total of 11.7 billion Yuan in grain and cash subsidies.

China progressed gradually and encountered problems as well, but the Chinese are successful in the growth of their country’s economy and development.

Scholars have offered a number of theories to elucidate the success of China’s economic reforms in its move from a deliberate planned economy to capitalism despite adverse factors like the troublesome legacies of socialism, considerable erosion of the work ethic, decades of anti-market propaganda, and the “lost generation” whose education fragmented amid the interruption of the Cultural Revolution. One prominent theory describes that decentralization of state authority allowed local leaders to experiment with various means to privatize the state sector and energize the economy.

Although Deng was not the instigator of many of the reforms, he gave authorization and consent to them. Another theory concentrates on internal motivations and incentives within the Chinese government, in which officials leading over areas of high economic growth were more likely to be promoted. Researchers and scholars have noticed that local and provincial governments in China were eager for investments and competed to lessen regulations and barriers to investment to enhance economic growth.

The noteworthy and praiseworthy growth and development in China is a source of inspiration and motivation for underdeveloped countries.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

By Mike Zaman

During the financial crisis, while the administration bailed out the banks, the large insurance company, AIG and the automobile industry, 4 million more Americans found themselves living the good life, but not the good life in America, a good life for a third world country. In short they have joined the legions of Americans more than 43 million strong that are now living in poverty.

And the legions are growing phenomena, with the lack of available jobs, and a housing market that is geared to foreclose on approximately 3 million homes this year, the picture is bleak.

The numbers appear to be continuing to grow, swelling year to year, in 2008 there were 38.9 million Americans at or below the poverty level, for a country like the United States this is completely unacceptable.
Yet this appears to be the beginning of another bubble, the “poverty bubble” which is expected to continue inflating over the next 10 years.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

Reported by: Eric CRWE Newswire Middle East correspondent

Ford Motor Company is expecting the auto industry to expand with the growth rate of 10% this year globally, despite prior sluggish sales figures in the auto industry.

The Head of Ford’s global manufacturing, John Fleming believes, the economy is improving, but the strength of the recovery has been uneven. Fleming feels that unlike the rest of the world Europe and the United States will not have the similar growth rate because of their weak labor markets and tight credit.

According to Fleming Ford will reduce the production capacity by 40% in North America by the end of 2011. Ford since 2005 has cut its structural cost by $15 billion in the United States. In the year 2005 trucks contributed 44% in Ford’s total production portfolio while cars and utilities contribute 32% and 24% respectively. Now cars and utilities have increased 32% and 27% respectively of Ford’s total production while trucks stand at 36% of the total production.

Fleming puts forth the view that Ford’s business and success is about product. Ford plans to reduce its production output from the industry high of 25 to the industry best of 12 by the year 2013.

Ford is also focusing on improving its balance sheet by improving its net cash position and by reducing its debt to equity ratio. Ford reported a net profit of $2.6 billion for the second quarter which is its best quarterly performance in the past 6 years.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

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