Stephen Colbert roasts Bush

Bush - shows his funny side

Billions of dollars

Billions of dollars are waiting to flow into India as soon as the investment climate improves, according to US Treasury Under Secretary Timothy Adams, who is visiting India next week. On the eve of his departure to Mumbai, Kolkata and Hyderabad, where he will be participating in meetings of the Asian Development Bank, Mr Adams told reporters here, “I think there’s billions of dollars sitting on the border of India waiting to rush in. It’s just waiting to be invited in, and part of that is having the appropriate investment climate. You know, there’s an old adage that capital is a coward, it goes where it’s treated well, and it flees where it’s treated badly. The best thing to do is improve your investment climate, and there are lots of ways to do that.” Mr Adams explained, “We’ve talked to the Indian officials about dispute resolution mechanisms so that companies who put a tremendous amount of capital in the ground through infrastructure, whether it’s an energy facility or a plant, feels like that somehow – if something were to go wrong, they can adjudicate their demands. But it really is about creating an overall investment climate – the number of days it takes to get a business license, the number of days it takes to enforce a contract. And India has a long way to go on those metrics.”


“I know it’s tiresome to compare to China, and there’s probably some resentment to it, but on a number of these business investment climates, China does remarkably well. We’ve seen $70 billion of FDI that flows into China every year. The money’s there from the private sector. It does not need to be subsidised. It just has to be invited in and treated well.” Commenting on the evolving global partnership between the US and India, Mr Adams referred to President Bush’s recent successful trip, “It’s important that our economic ties are strengthened too. Over the past 15 years, India has been the second-fastest growing economy in the world, and it is now the 12th largest economy in the world and a growing important economy for the US for export, of goods and services. Our exports to India jumped by 30 per cent last year.” “India is also an important source and destination for US foreign direct investment, and under the right set of circumstances we could see even more US foreign direct investment into India.” “It is also an important destination portfolio capital as well. I was in India last November with Secretary Snow in which we discussed a number of financial and economic issues, some of those we’ll be reiterating on this trip, and they were issues that were also discussed during the President’s visit, and, as you know, there’s a CEO forum which has looked at some of these economic issues, these joint challenges and come up with a set of recommendations.” A measure of the importance that the US attaches to India’s strengthening economy and the emerging rise of Mumbai as a global financial centre is the Treasury’s decision to post a financial attache to the American embassy to will liase with the finance ministry and the Reserve Bank. Mr Adams praised India’s plans to improve the country’s infrastructure, saying this was vital if the economy was to grow beyond 8 per cent. He added, “Opening up the financial sector is an important topic. We think it would import important risk management systems. It would allow Indian savers and investors to better manage their risk by expanding their portfolio options. A vibrant banking centre and system, one that makes decisions based on commercial terms, is an important ingredient to economic growth.” “We’ll also be talking about fiscal policy. The Indian budget deficit is about 8 per cent of GDP, and it is dominated by subsidies and wages. And we think that for the long-term, sustainable health of the Indian economy and their fiscal outlook that makes adjustments in the budget deficit is important, but also changing the mix of expenditures away from subsidies and away from wages, more towards infrastructure and investments in human capital.” Asked about future trading opportunities between India and the US, Mr Adams said nuclear energy and nuclear issues were at the centre of the debate, as were related environmental issues, such as sharing clean coal technology and working together on agricultural development. He also hinted at a more important future role for India in the International Monetary Fund.

'Why can't we be more American in our manners?'

I'm tired of psuedo-liberal evangelicals ( with their 'more-liberal-than-thou' ) attitude preaching on, about how Indian's should behave more like Americans.

Check this article out: The Indian Attitude Toward Sex? We'd Rather Be Born Immaculate!

Check this gem out :

For Christssakes, grow the fuck up Indians! Sanskriti my friggin arse. Sexual suppression is the worst kind of phobia that most Indian teenagers seem to suffer from.

Ask any Indian teenage boy what the vulva is, he would tell you that it's probably the car - Volvo. No, its no joke, despite sex education being taught in most urban school most Indians don't even know the names of the sexual organs forget about doing it the right way.

1000 says - Ask any Indian teenage boy what the vulva is..."
wrong question ......sister
ask him what a ch**t is......and u will be amazed,why he is not a gynaecologist ...