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Tuesday 16th of July 2019 Nepali
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The Exploitation Time Bomb
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality – posing a threat not only to economic growth, but also to democracy.

Since reducing inequality became an official goal of the international community, income disparities have widened. This trend, typically blamed on trade liberalization and technological advances that have weakened the bargaining power of labor vis-à-vis capital, has generated a political backlash in many countries, with voters blaming their economic plight on “others” rather than on national policies. And such sentiments of course merely aggravate social tensions without addressing the......

Opinion

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Will Facebook’s Libra Turn into a Cancer?

When it announced its plans to launch a cyber currency, Facebook emphasized that its Libra will benefit “people with less money [who] pay more for financial services,” especially in developing countries. But when one compares Facebook’s current blueprint to those same countries’ experience, Libra starts to look like a hazard. Consider..

Analysis

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The Exploitation Time Bomb

Since reducing inequality became an official goal of the international community, income disparities have widened. This trend, typically blamed on trade liberalization and technological advances that have weakened the bargaining power of labor vis-à-vis capital, has generated a political backlash in many countries, with voters blaming their..

Politics

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Remaining party unification process to be concluded: NCP Chair Dahal

KATHMANDU: Chairperson of Nepal Communist Party (NCP), Pushpa Kamal Dahal 'Prachanda' has said that preparation was underway to conclude the remaining process of the party unification today itself. Addressing the Lalitpur Party Committee meeting on..

Nation & Society

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Monsoon havoc: four dead, one missing, 354 homes completely damaged in Siraha

KATHMANDU: Four people were killed so far as results of incessant rain in Siraha while one has gone missing. The death toll includes two girls. According to the information given by the District Administration Office, Siraha, five year-old Priyanka..

Inside Story

Ramesh Lamsal, KATHMANDU: The government has begun the practice of energy banking by supplying 200 MW electricity to India in view of the shutdown of various facilities owing to floods and inundation in Nepal. The demand of electricity supply declined heavily because of the rain-caused disasters. Minister for Energy, Water Resources and Irrigation, Barsha Man Pun, said, "On July 12, 13, and14, we provided 150 MW electricity to India, while 200 MW on the night of July 15. Such practice was......

World

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North Korea suggests it might lift weapons test moratorium

By FOSTER KLUG, PYONGYANG, North Korea (AP) — North Korea on Tuesday suggested it might call off its 20-month suspension of nuclear and missile tests because of summertime U.S.-South Korean..

Europe

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EU parliament votes on German nominee to fill Brussels top job

BRUSSELS, (AFP): German minister Ursula von der Leyen's fate hung in the balance Tuesday as sceptical European lawmakers voted on whether she is right for Brussels' top job. The 60-year-old defence..

China

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Uyghur Man Dies in Xinjiang Internment Camp After Sacking Over Muslim Prayers

A young Uyghur man from Kashgar (in Chinese, Kashi) prefecture, in northwest China’s Xinjiang Uyghur Autonomous Region (XUAR), has died in an internment camp after being fired from his job because..

Tibet

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Travel Restrictions Imposed on Sichuan’s Yachen Gar Buddhist Center

Authorities in western China’s Sichuan province have imposed tight travel restrictions on the Yachen Gar Tibetan Buddhist center, barring visits from outside the area and setting up checkpoints to..

India

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Pakistan opens airspace for all civilian traffic; Indian flights to operate soon

New Delhi, (PTI): Pakistan opened its airspace for all civilian traffic on Tuesday morning, sources said, effectively removing the ban on Indian flights that were not allowed to use majority of its..

 


horoscopes

NY power outage knocks out subways, businesses, elevators

NEW YORK (AP): Authorities say a transformer fire caused a power outage in Manhattan and left businesses without electricity, elevators stuck and subway cars stalled. The New York Fire Department said the fire started at West 64th Street and West..

Middle East

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Britain sends second warship to Gulf after Iran tanker standoff

LONDON, (AFP): Britain said Friday it was sending a second warship to the Gulf and raising the alert level in the oil-rich region as tensions spike after Iranian gunboats threatened a UK supertanker. The decision was disclosed as US President..

Markets

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Heavy rain and flood causes vegetable prices to rise up

KATHMANDU: The supply of green vegetables in the Kathmandu Valley has declined sharply for the last two days due to continued rainfalls across the country. ‘The supply of green vegetables to the..

 

Business & Economy

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Nepal central bank selling its NEPSE share

KATHMANDU: Nepal Rastra Bank (NRB), the central bank in the country, is pulling out its investment in the Nepal Stock Exchange (NEPSE) Limited. In a notice today, the bank states that it is selling the share of NEPSE at an auction and the starting value is Rs 1,032 per unit. A sealed application form is sought from any interested bank, financial..

Sports

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New Zealand pacemen strike in World Cup final against England

MANCHESTER, (AFP): New Zealand's seamers rocked England's top order to revive the Black Caps' hopes of a first World Cup triumph in Sunday's final at Lord's. England, also biddding for a maiden crown, were 93 for four at the halfway stage of their innings against the 2015 runners-up. That left them needing a further 149 runs in 25 overs to reach..


 

Diaspora

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Nepali migrant workers killed in a road accident in Malaysia

KANCHANPUR: Two Nepali migrant workers have died in a road accident in Malaysia. Surendra Prasad Bhatta, 36, a resident of Dhakaniya in Kanchanpur Shuklaphanta municipality-2 died in a motorcycle accident on his way to work in Malaysia on Friday. Bhatta died on the spot in the accident, according to ward chair Shiva Raj Paneru. Pillion rider..

Immigration

By ELLIOT SPAGAT, ESCONDIDO, Calif. (AP): Two immigration officers had been parked outside a home well before dawn when their target — a Mexican man convicted of driving under the influence in 2015 — appeared to emerge as the sun illuminated a gray sky. “I’m going to do a vehicle stop,” an officer radioed. “I’m right behind you,” said another, lights flashing as they ordered the driver into a liquor store parking lot. As it turned out, the man they pulled over was not the one......

Interview

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“The fundamental duty that we each owe to every other human being just by nature of their humanness is to permit them to practice their faith’

QUESTION: Welcome back to Washington Watch. I’m your host, Tony Perkins. So glad that you are with us on this Monday afternoon. As I mentioned earlier, today starts the second annual Ministerial to Advance Religious Freedom, hosted here in Washington, D.C. by Secretary of State Mike Pompeo. I was at one of the opening events at the Holocaust..

Life Style

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Flood Early Warning System (FES) being well-managed in West Nawalparasi

Mohan Poudel, NAWALPARASI: Flood Early Warning System (FES) which was implemented in West Nawalparasi has been operated in a systemic way as a result obtaining and disseminating information on warnings of flood has been made easier. Warnings in such system are people-centred and the warnings are accurate, timely and understandable to the..

Capital

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Schools shut down, transport obstructed in south Lalitpur

LAITPUR: Incessant rainfall has affected normal life in Lalitpur. Transportation has come to a grinding halt in three rural municipalities of south Lalitpur due to landslide in different areas. All..

Travel

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Nepal Department of Tourism inspects Casino

KATHMANDU: The inspection team of the Department of Tourism (DoT) has started monitoring the condition of various casinos operative in the country. According to DoT, the study of casinos being..

Blog

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Military Bill Amended for the Better: This Pig Has Really, Really Good Lipstick Sunday, July 14th, 2019

The latest U.S. House of Representatives version of the National Defense Authorization Act, which is beyond global in scope and not the least bit defensive, offended..

The Obama Wars Wednesday, July 10th, 2019

Patriotism Is Too Small For My Family Wednesday, July 3rd, 2019

Meritocracy Mythologizing Friday, June 28th, 2019

Crime

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Indian drug peddler held with hashish in Chitwan, Nepal

CHITWAN: Police held an Indian national in possession of 43-kg hashish in Chitwan. A police team deputed from Area Police Office, Tandi under the command of Deputy Superintendant of Police (DSP) Santosh Acharya nabbed Nurjaha Khatun with hashish at..

Technology

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Twitter revamps website in bid to mimic mobile app

SAN FRANCISCO, (AFP): Twitter on Monday began rolling out an overhauled version of its website, making it more similar to the mobile version of the one-to-many messaging platform. The revamp to the Twitter page accessible on computer web browsers..

Health

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No ban on private medical college: Health Minister Yadav

KATHMANDU: A demand has been made for bringing the medical education under the subordination and supervision of Ministry of Health and Population as it has its direct link with the people's health. The Ministry of Health and Population stated..

Religion

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Nepal-India Gaura festival celebrated in Kanchanpur

KANCHANPUR: Nepal-India Gaura festival has been celebrated with much fanfare in the district headquarters of Kanchanpur, Manendranagar, today. Dedicated to Gauri, the spouse of Lord Shiva, the festival is celebrated by women in mid and far western..

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Rising International Inc

Miscellany

NEW YORK: The United Nations Secretary-General António Guterres has expressed sorrow over a huge loss of lives and property triggered by deadly monsoon lately in across South and South-East Asia including Nepal, India, Bangladesh, and Myanmar. The UN Secretary-General Guterres has expressed condolences to the flood victims wishing those who were injured in those deadly incidents a speedy recovery. “The Secretary-General is saddened by the loss of life, displacement of people and......