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Subject: Indonesia

The Republic of Indonesia (Indonesian: Republik Indonesia) is a country in Southeast Asia. Indonesia comprises 17,508 islands. With 206 million people, it is the world’s fourth most populous country and the third most populous Asian country. Indonesia is a republic, with an elected legislature and president. The capital and largest city of Indonesia is Jakarta. The country shares land borders with Papua New Guinea, East Timor, and Malaysia. Other neighboring countries include Singapore, Philippines, Australia, and the Indian territory of the Andaman and Nicobar Islands.

The Indonesian archipelago has been an important trade region since at least the seventh century, when the Srivijaya Kingdom traded with China and India. Local rulers gradually adopted Indian cultural, religious and political models from the early centuries CE, and Hindu and Buddhist kingdoms flourished. Indonesian history has been influenced by foreign powers drawn to its natural resources. Muslim traders brought Islam, and European powers fought one another to monopolize trade in the Spice Islands of Maluku during the Age of Discovery. Following three and a half centuries of Dutch colonialism, Indonesia secured its independence after World War II. Indonesia’s history has since been turbulent. It has recently gone through a democratization process.

Across its many islands, Indonesia consists of distinct ethnic, linguistic, and religious groups. Indonesia has developed a shared identity defined by a national language, ethnic diversity, and a history of colonialism including rebellion against it. Indonesia’s national motto, “Bhinneka Tunggal Ika” (“Unity in Diversity” literally, “many, yet one”), articulates the diversity that shapes the country. Despite its large population and densely populated regions, Indonesia has vast areas of wilderness that support the world’s second highest level of biodiversity.

The country has large quantities of fertile farmland and natural resources. Indonesia has the world’s fifteenth largest area, the nineteenth largest nominal GDP and the sixteenth largest by purchasing power parity. Indonesia is a member of the Association of Southeast Asian Nations, the Asia-Pacific Economic Cooperation, G20, Big Emerging Market, and Next Eleven. [Wikipedia: 2009]

The end of the dollar?

Barack Obama: The last US president

Igor Panarin --- Seer extraordinaire

Igor Panarin, a Russian academic, is making headlines predicting the end of the United States in 2010. With his connections in the intelligence community, one might wonder what Professor Panarin might know about Barack Obama and his radical cabinet of ‘czars’ that is unknown to the American people?

Panarin’s map of the proposed breakup of the United States seems to exhibit a profound mis-understanding of American political history and culture. However, the non-democratic behavior of the Pelosi-Reid Congress does raise questions as to the future of the country.

Post Modern Security Analysis

Intrinsic value

The target of classical security analysis is ‘intrinsic value’, a fuzzy concept defined as the value justified by the facts.

Financial markets have become vastly more complex since the days of Graham & Dodd.

Since the 1960’s, stock prices have generally exceeded ‘intrinsic value’. New techniques are needed now to handle the flood of free investment information.

Financial market regulation:

Why the SEC won’t catch the next Madoff

The SEC sleeps while Bernie fiddles ...

The US SEC was asleep at the switch in the case of Bernard Madoff. The SEC must follow the law, not commonsense. The SEC rule is, ‘Wait until there is a victim. Then investigate’.

Furthermore, SEC officials are not punished for dropping the ball. No one lost their pension for failing to warn investors of the Madoff scam. Thanks to the ACLU, the rights of criminals supersede the interests of investors.

The myth-fantasy of an all-protective SEC puts millions of naive investors at risk.

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Featured articles on inside pages

Stock buybacks

Warren Buffett attacks buyback schemes

In the 2005 Berkshire-Hathaway annual report, Warren Buffet points to the unethical aspects of the buyback-option schemes so common in the US stock market. He noted that "Too often ... the deck is stacked against investors when it comes to the CEO’s pay. ... every dime paid out in dividends reduces the value of all outstanding options"
More ...

Securities Analysis

Intrinsic value

The target of classical security analysis is 'intrinsic value', a fuzzy concept defined as the value justified by the facts. Now, there may be too many 'facts' while prices exceed 'intrinsic value'. More ...

US Politics

The decline of mainstream media

In September 2009, President Obama dominated television in his attempt to sell his government-run health plan, despite massive public opposition. Mainstream media has falling revenues and market share as people turn to unbiased sources. More ...

US equities

Households save more and invest in equities

Government economic stimulus programs that have sent money directly to US households have resulted in more saving and less spending. Low interest rates have encouraged individuals to move from debt instruments into equities. More ...

US Bonds

Bond demand exceeds supply for a decade

Over the decade, 1995-2004, the demand for US bonds of all types has surpassed new bond issues in eight of the last ten years. This is the reason that bond prices have held firm, even in 2003, when net new issues reached almost $1.8 trillion. More ...

World Economy

Signs of US losing its groove?

Thirty years ago, US income from abroad was more than double the amount of income that the US paid to the rest of the world. This year, or the next, this foreign income surplus may disappear forever. Is the US 'losing its groove'? More ...

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2010-08-13 13:05