Business Pivot Point

Russian President Dmitry Medvedev has said a new arms race could begin in the next decade if Nato and Moscow fail to agree on a joint missile shield.

In his annual speech to the nation, he said he had advocated a “fully fledged joint mechanism of co-operation” at a recent Nato-Russia summit.

On domestic issues, Mr Medvedev argued for families of three children or more to stem Russia’s population decline.

Confounding expectations, he did not talk about his own political future.

With less than two years to the next presidential ballot, many believe his powerful predecessor, Vladimir Putin, will seek to return to the Kremlin in his place.

On Sunday the Chinese government showed a high level exchanges and asked for more steps. Chinese government asked for more measures when the Japanese court extended a detention of Zhan Qixiong. The detention of Zhan was extended by Japanese court to September 29 and the diplomatic battle started. Zhan is the person whose fishing boat had collided with the coast guard ship of Japan near the islets.

The Global times had reported that China needs to have plans which would sanction Japan. The forces and resources used in China must be enough to withstand the losses as Japan will create a hard path. The battle between both the countries China and Japan will be very tense and Japanese goods will be boycotted. The efforts must be put by both the countries and overcome the distrust of the memories of the past.

The more rhetoric will be the political situations like meeting cancellations of top leaders reported Global newspaper. In spite of all these both the countries bilateral trade will be affected which will affect both the economy. The war of words will be fired among both the countries but situation will be under control. The bilateral trade reached about $146.8 billion in the first half during the last year same time. Japan has asked China to stay calm over the issue of release of Zhan else Tokyo will have a lot of pressure.

It is politics time in US and the Republicans are pushing for extending the Bush tax cuts to every class including the elite,while the Democrats are interested in withdrawing the tax breaks for the elite, and want to extent only for the poor and middle class.
But given the political implications, it would be win win for every class few weeks down the line, as even the Democrats would be interested in seeing the extension of the scheme for everybody, including the elite, though they would not like to say it openly.
Democrats have seen their popularity rating crash to all time lows, and they would not like to risk losing the votes of the elite by withdrawing the tax benefit. But they are interested in winning back the votes of masses, hence they are trying to indicate that they are not interested in the elite class.

Supreme court of Sri Lanka has opined for changes which was proposed by the government. The changes was been proposed by the government to the constitution as it was not consistent. The inconsistency was with the provisions of the present constitution and a referendum was not necessary. The announcement was made in the House with keeping in mind the apex court said parliament speaker Chamal Rajapaksha.
The debate would be boycotted by opposition party United National Party(UNP) as the votes took place today. The announcement was made in the House with keeping in mind the apex court said parliament speaker Chamal Rajapakha. Two time bar removal of president contesting is some of the important changes proposed given to the constitution. The proposed changes will replace the constitutional council for making recommendations for high offices.
Confrontation course is going on between Rajapaksha and opposition over the changes which are proposed at the constitution. The changes are meant strengthen the Parliament says the ruling party and the opposition argued about the consolidation. The debate had been stayed away by the opposition party and vote has been taken for the constitutional changes.

Tens of thousands of people have attended a controversial rally in Washington DC organised by conservative talk show host Glenn Beck.

Civil rights leaders criticised Mr Beck for holding the rally at the Lincoln Memorial, the place where Martin Luther King Jr made his “I Have a Dream” speech 47 years ago to the day.

Former US vice-presidential hopeful Sarah Palin also spoke at the rally.

Addressing the conservative rally, Mr Beck - a presenter for Fox News - said the US had “wandered in darkness” for too long.

“America today begins to turn back to God,” he said.

After a tough immigration rules on many industries which was introduced by the Britain government. Restaurateurs are really stressed about the future of the industries of many curry houses. The spicy nan, masala puri and other dishes are favorite among many people in U.S.

The present year 2010 was been celebrated as the 200th birthday of restuarents. As the tight rules of immigration is threatening many chefs from outside countries. Many Britons have embraced the spices and various dishes from south Asia and adapted to different tastes. Some dishes have even received names and been invented as a true British national dish.

One of the dishes which is a tomato based stew has even bagged the title of national dish of British. At present many curry houses relay on foreign cooks who are mostly from Bangladesh and non European immigrants. Bangladesh Caters Association gives employment to 100,000people in Britain especially. The new cap for the immigration law may affect many people who are working in restaurants. A temporary immigration law was introduced at July 19,a permanent immigration law which will be introduced during next April.

The Obama administration promised to show a friendly hand with Iran at the time of taking over one and a half years back, but today it is also doing exactly what the earlier US administrations were doing.
Despite special efforts by the Obama administration, the Iranian regime is continuing to pursue dangerous nuclear operations in a clandestine manner, and it is already costing the US and NATO forces heavily in Iraq / Afghanistan / Pakistan.
So the US government has today signed up another round of special sanctions against Iran and forbids access to US markets for any company doing business with Iran.
Whether this would be helping in bringing Iran to the negotiation table is a billion dollars question.

Obama’s popularity rating hit a new low of 48% last month in the wake of his poor handling of the gulf of Mexico oil spill aftermath. Now with no money in the coffers, and the unemployment ruling at over 9.5% , he is left with no choice but only hope for God’s help.
Also complicating his problem is the reluctance of China in appreciating it’s currency. It is not expecting to raise it beyond a few basis points fearing exports crash. Also stronger countries like Germany and France are now talking of cutting down on their lavish spending style, which can pull down the weak US exports further.
And on the politics front, the Iran and Afghanistan problems are intact and are only growing bigger in size. So as of now, nothing is going right for the US President, and he is only likely to see further dip in popularity rating in the coming months.

North Korea’s ruling communist party is to hold a rare meeting of its political bureau, state media have said.

The session will be held in September to select new leaders to the Workers’ Party of Korea (WPK), the North Korean Central News Agency said.

Analysts say the move may signal a transition of power in the secretive country.

Leader Kim Jong-il is believed to be in ill health and grooming one of his sons, Kim Jong-un, to succeed him.

The meeting is “for electing [the party's] highest leading body reflecting the new requirements of the WPK,” the announcement said.

“We are now faced with the sacred revolutionary tasks to develop the WPK… into an eternal glorious party of Kim Il-sung and further increase its militant function and role to glorify the country as a great prosperous and powerful socialist nation.”

The leader of a Sunni militant group has been executed in Iran for his involvement in “terrorist” attacks in the Islamic state, state media report.

Abdolmalek Rigi, head of Jundullah, was hanged at dawn at Tehran’s Evin prison in the presence of the families of its victims, the Irna news agency said.

Mr Rigi was accused of being behind a series of deadly bombings and raids in the province of Sistan-Baluchistan.