Monday, August 25, 2014

The Philosopohy Of Poverty



Most of my Latino and black people who are struggling to get food, clothes and shelter in the hood are so concerned with that, that philosophizing about freedom and socialist democracy is usually unfortunately beyond their rationale. They don't realize that America can't exist without separating them from their identity, because if we had some sense of who we really are, there's no way in hell we'd allow this country to push it's genocidal consensus on our homelands. This ignorance exists, but it can be destroyed.
Niggas talk about change and working within the system to achieve that. The problem with always being a conformist is that when you try to change the system from within, it's not you who changes the system; it's the system that will eventually change you. There is usually nothing wrong with compromise in a situation, but compromising yourself in a situation is another story completely, and I have seen this happen long enough in the few years that I've been alive to know that it's a serious problem. Latino America is a huge colony of countries whose presidents are cowards in the face of economic imperialism. You see, third world countries are rich places, abundant in resources, and many of these countries have the capacity to feed their starving people and the children we always see digging for food in trash on commercials. But plutocracies, in other words a government run by the rich such as this one and traditionally oppressive European states, force the third world into buying overpriced, unnecessary goods while exporting huge portions of their natural resources.

I'm quite sure that people will look upon my attitude and sentiments and look for hypocrisy and hatred in my words. My revolution is born out of love for my people, not hatred for others.

You see, most of Latinos are here because of the great inflation that was caused by American companies in Latin America. Aside from that, many are seeking a life away from the puppet democracies that were funded by the United States; places like El Salvador, Guatemala, Peru, Colombia, Nicaragua, Ecuador and Republica Dominicana, and not just Spanish-speaking countries either, but Haiti and Jamaica as well.

As different as we have been taught to look at each other by colonial society, we are in the same struggle and until we realize that, we'll be fighting for scraps from the table of a system that has kept us subservient instead of being self-determined. And that's why we have no control over when the embargo will stop in Cuba, or when the bombs will stop dropping in Vieques.

But you see, here in America the attitude that is fed to us is that outside of America there live lesser people. "Fuck them, let them fend for themselves." No, Fuck you, they are you. No matter how much you want to dye your hair blonde and put fake eyes in, or follow an anorexic standard of beauty, or no matter how many diamonds you buy from people who exploit your own brutally to get them, no matter what kind of car you drive or what kind of fancy clothes you put on, you will never be them. They're always gonna look at you as nothing but a little monkey. I'd rather be proud of what I am, rather than desperately trying to be something I'm really not, just to fit in. And whether we want to accept it or not, that's what this culture or lack of culture is feeding us.

I want a better life for my family and for my children, but it doesn't have to be at the expense of millions of lives in my homeland. We're given the idea that if we didn't have these people to exploit then America wouldn't be rich enough to let us have these little petty material things in our lives and basic standards of living. No, that's wrong. It's the business giants and the government officials who make all the real money. We have whatever they kick down to us. My enemy is not the average white man, it's not the kid down the block or the kids I see on the street; my enemy is the white man I don't see: the people in the white house, the corporate monopoly owners, fake liberal politicians those are my enemies. The generals of the armies that are mostly conservatives those are the real Mother-Fuckers that I need to bring it to, not the poor, broke country-ass soldier that's too stupid to know shit about the way things are set up.

In fact, I have more in common with most working and middle-class white people than I do with most rich black and Latino people. As much as racism bleeds America, we need to understand that classism is the real issue. Many of us are in the same boat and it's sinking, while these bougie Mother-Fuckers ride on a luxury liner, and as long as we keep fighting over kicking people out of the little boat we're all in, we're gonna miss an opportunity to gain a better standard of living as a whole.

In other words, I don't want to escape the plantation I want to come back, free all my people, hang the Mother-Fucker that kept me there and burn the house to the god damn ground. I want to take over the encomienda and give it back to the people who work the land.

You cannot change the past but you can make the future, and anyone who tells you different is a Fucking lethargic devil. I don't look at a few token Latinos and black people in the public eye as some type of achievement for my people as a whole. Most of those successful individuals are sell-outs and house Negros.

But, I don't consider brothers a sell-out if they move out of the ghetto. Poverty has nothing to do with our people. It's not in our culture to be poor. That's only been the last 500 years of our history; look at the last 2000 years of our existence and what we brought to the world in terms of science, mathematics, agriculture and forms of government. You know the idea of a confederation of provinces where one federal government controls the states? The Europeans who came to this country stole that idea from the Iroquois LEAGUE. The idea of impeaching a ruler comes from an Aztec tradition. That's why Montezuma was stoned to death by his own people 'cause he represented the agenda of white Spaniards once he was captured, not the Aztec people who would become Mexicans.

The philosophy of Poverty| Felipe Andres Coronel|Revolutionary Vol 1 |2001 | Immortal Technique

Thursday, July 31, 2014

Key Highlights From The Communications Authority Of Kenya Q3 Quarterly Sector Statistics Report

Kenya now has 31.8 million mobile subscribers, up from 31.3 million
mobile subscribers the previous quarter. This means that mobile
penetration in Kenya now stands at an all time high of 78.2% as of
March 2014.
Safaricom is the largest mobile network in Kenya with 67.8% market
share as a result of having 21,248,287 mobile subscribers. Airtel is
the second largest mobile network in Kenya with 16.5% market share as
a result of having 5,156,269 mobile subscribers. YU is the third
largest mobile network in Kenya with 8% market share as a result of
having 2,649,362 mobile subscribers. Orange (Telkom Kenya) is the
fourth largest mobile network in Kenya with % market share as a result
of having 2,255,099 mobile subscribers.
Mobile money subscriptions in Kenya now stand at an impressive 26.2
million subscribers, up from 26 million subscribers in the previous
quarter,.
Kenya now also has 103,660 mobile money agents countrywide which is an
increase of 10.6% from the previous quarter.
SMS traffic declined to 6.22 billion messages from 6.28 billion in the
previous quarter. Could this be as a result of the rise of mobile
messaging apps like WhatsApp? I see this trend continuing based on how
many people have opted out of SMS for free Internet-based mobile
messaging services.
Voice traffic dropped from 7.8 to 7.6 billion minutes between the two
quarters. In addition, average voice minutes used per subscriber also
fell from 84.1 minutes to 80.3 minutes.
Fixed lines declined 205,856 lines to 204,354 from the previous
quarter. Do people still use these? I rarely ever call landlines these
days unless I have to.
Internet subscriptions grew by 200,000 from 13.1 million subscribers
to 13.3 million showing the robust uptake of data services in Kenya
driven largely around mobile which represents 99% of Internet usage.
However DSL and fibre optic subscriptions grew by 4.4% and 2.8% per
cent respectively.
The number of Internet users increased to 21.6 million compared to
21.2 million during the last quarter. This means that Internet
penetration in Kenya now stands at 53.3% up from 52.3% the previous
quarter. This is a stunning level of uptake whichever way you look at
it. Kenya is mobile-first and increasingly Internet-first too!
Broadband Internet penetration in Kenya now stands at 1.44 million
compared to 1.41 million the previous quarter. This means that the
majority of Internet users in Kenya are still on slower Internet
connections and broadband uptake is still a work in progress.
International Internet bandwidth increased to 865,714Mbps up from
862,473.9Mbps. However, used international bandwidth grew
substantially by 22.3% to stand at 447,064 Mbps up from 365,413 Mbps
recorded in the last quarter. Total used capacity represented 51.6%
compared to last quarter's 42.4%.
.KE domain names grew by an impressive 9.1% to stand at 33,381 .KE
domain names up from 30,585 .KE domain names.


Monday, July 28, 2014

Investors Embrace Catastrophe Bonds



Insurers Capitalize on Surge of Interest in Bonds Linked to Natural Disasters
Insurance companies are taking advantage of the appetite for high-yielding debt by selling bonds that can force investors to help pay for the cost of natural disasters.
With the U.S. hurricane season about a month away, insurers are issuing "catastrophe bonds" at the fastest clip since before the financial crisis. Insurers sell the bonds to help cover potential claims from hurricanes, tornadoes, earthquakes and other major insured risks. While losses on so-called cat bonds have been rare over the years, investors can forfeit both interest payments and their principal if disaster costs exceed designated levels, which gives insurers the right to tap the funds. The bonds have floating interest rates and are usually paid off upon maturity in three or four years.
Cat-bond issuance in the first quarter more than doubled from the year-earlier period, to $1.2 billion, and second-quarter issuance is expected to hit an all-time high above $3.5 billion, according to Willis Capital Markets & Advisory. More than $2 billion of deals have closed or been announced this quarter, Willis said.
Citizens Property Insurance Corp., the state-run insurer in Florida, this week boosted its latest cat-bond offering to at least $1.25 billion from $400 million, according to investors. It would be the largest single cat-bond transaction ever, according to Artemis, an insurance-linked data provider.
Yields on cat bonds, meanwhile, have sunk to their lowest level in nine years. The average quarterly yield dipped to 5.22% recently, from 9.61% in 2012.
Cat bonds historically have appealed to large pension funds but now are attracting a wider array of buyers, yield-hungry investors who otherwise might purchase corporate junk bonds, according to brokers, bankers and investors.
"Institutions of smaller and smaller size are becoming interested in the market," said Brett Houghton, a managing principal at Connecticut-based Fermat Capital Management LLC, a long-standing specialist in catastrophe bonds, with $4.4 billion under management.
Many insurers that sell coverage for homes and businesses seek to spread the cost of potential claims by buying "reinsurance" from other companies. Insurers have used cat bonds since the mid-1990s to augment their reinsurance arrangements, and many now are boosting their use of the market as costs of issuing debt have fallen.

 

Cat-bond issuance jumped to $7.1 billion last year, just shy of the record $7.2 billion in 2007, according to Willis, an investment-banking unit of insurance broker Willis Group Holdings WSH -2.90% PLC. About $20.3 billion of the bonds were outstanding at the end of 2013, the most ever, according to Swiss Re Capital Markets. About $300 billion of catastrophe-reinsurance coverage is in place world-wide, including cat bonds, according to Aon Benfield, the reinsurance broker of Aon PLC.
The Swiss Re Global Cat Bond Total Return Index, which tracks the price change and interest payments of all property natural-catastrophe bonds outstanding, returned 8.51% on an annual basis between 2002 and last week. By comparison, Barclays's U.S. Corporate High Yield and U.S. Aggregate Bond indexes have increased, respectively, 9.35% and 5.04% annually.
The drop in bond yields has forced many reinsurers to lower their prices. But one big loss could rattle the cat-bond market, giving reinsurers the ability to raise rates again, said Tony Ursano, chief executive at Willis Capital Markets.
Losses, though rare, can be significant. Buyers of one bond that provided payouts for claims tied to the giant earthquake off the coast of Japan in 2011 lost all their money. Cat bonds are linked to specific types of disasters and are issued on the condition proceeds won't be used by the insurer for claims payments until the insurer's claim costs top a set level. Natural disasters have saddled cat bonds with $682 million in losses since 1996, or 1.3% of the $51 billion issued, according to Lane Financial LLC, an insurance consulting firm.
Superstorm Sandy damaged homes on the New Jersey coast in 2012. Buyers of catastrophe bonds can lose principal if costly disasters strike. Associated Press
Yields on cat bonds typically rise after natural disasters, reflecting lower bond prices and higher coupons on newer issues seeking to attract buyers. After Hurricane Katrina, which caused $47.4 billion in insured losses in 2012 dollars, yields rose 147% through the next four quarters, according to Lane Financial.
Cat bonds have become especially popular as an alternative to reinsurance policies in hurricane-prone Florida. With no hurricane landing there since 2005, interest payments on the debt have been uninterrupted, and principal on bonds that haven't matured has gone untouched.
Trevor Hillier, vice president of finance and accounting at American Strategic Insurance Corp., based in St. Petersburg, Fla., said the current low rates led the insurer to use cat bonds to cover named U.S. storms and severe thunderstorms, after rejecting the idea twice in previous years. In March, an ASI affiliate called Gator Re issued $200 million in cat bonds to provide reinsurance to ASI, boosting the size from $125 million and lowering yields from an expected 7%-7.75% to 6.5%.
In California, where earthquakes shook Orange County last month, the growth of the cat-bond market has been "really game-changing," said Glenn Pomeroy, chief executive of the California Earthquake Authority, a publicly managed, privately funded quake insurer that has sponsored three cat-bond offerings since 2011. The "tremendous amount" of new money flowing into cat bonds has increased price competition with reinsurers, he said.
Everglades Re, the affiliate used by Citizens Property, likely will sell its issue at a yield close to 7.5%, a yield reflecting both the particular risks faced by the bond buyers and the deal's unusually large size, a person close to the deal said. It is being managed by Citigroup Inc. and Bank of America Merrill Lynch. A Citizens spokesman declined to comment.
Some say the increased demand for cat bonds reflects dangerous complacency on the part of investors who have driven the bonds' prices to unreasonable heights.
"The absence of a catastrophic event over a long period of time" has helped feed demand for the securities, said Al Selius, a portfolio manager at Pine River Capital Management LP, which has about $125 million in insurance-linked securities. "It doesn't seem to be the right time" to expand Pine River's position, even as the bonds remain attractive relative to other debt, he said.
Write to Al Yoon at albert.yoon@wsj.com and Leslie Scism at leslie.scism@wsj.com
 http://online.wsj.com/news/articles/SB10001424052702304049904579517710350913016