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Monthly Archives: August 2011

Are we up for a recessionary rebound?

Internationalisation or Globalisation affect us in a more profound way. Over the past few week we saw a rating company Standard & Poor (S & P) cut the long-term U.S. credit rating by one notch to AA-plus. S & P strips United State of America (USA) of its AAA credit rating over concerns on government budget deficit and rising debt burden.

The downgrade will no doubt raise borrowing for the US government, companies and consumers.

How does this affect you, myself and other Non- Americans?

The action by Standard & Poor carries negative consequences in global markets. Stocks around the world fell and they continue to do so as investors lose confidence in the manner in which the world economy is playing out. Asian markets plummeted overnight, after the Dow Jones Industrial Average closed down 3.7% Thursday (18 August 2011), and the Johannesburg Stock Exchange all share index and JSE top 40 closed 2.95% and 3.37% lower, respectively on the day.

So, amid all this market activities, the question that ponders on everyone’s mind is are we are up for another recession or is the market oversold? I say without fear of contradicting myself that even the worlds savviest investor do not know what is really going on. It seems to me that the future looks bleak.

As things stands-and I stand to be corrected on this one-I believe that we will see another recession sooner rather than later. This conviction of mine is supported by Reuters’s James Saft when he noted:

Mathematically, that profits could be maintained at current levels or rise in the face of declining government spending would be for households to save less or borrow more. That isn’t happening: households are saving more than they did a few years ago, but less than they ought to given the poor performance of their assets and wages and the lousy state of their personal balance sheets.

So the fall in the stock market is rational. There will be some mixture of falling corporate profits and slow to negative growth in the medium term.

Let’s exchange ideas, taking all the world economic events into account, are we up for another recession? I value your opinion on a comment box below

*A continuing student of life keeps on blogging  about matters that affects the economy. In pursuit of being relevant in life, excuse any inaccuracies that might be contained in this blog post.

SOURCE: Time Magazine and Reuters.

 
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Posted by on August 20, 2011 in Economics

 

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We ought to protect our tribal languages……

“Fluency in the language of Shakespeare is regarded as a sign of modernity, sophistication and power.” __The Economist.

Source: The Economist

What I would like to believe as the most informative English publication, The Economist, published an article under the headline “South African languages, Tongues under threat” with the sub heading, “English is dangerously dominant.” This article suggests that English is so dominant in South Africa that it threatens the survival of some of the tribal languages in the country.

The tribal languages (i.e. Ndebele, Tswana, Zulu and others) are rarely used in South Africa for official purposes. Take for instance, the Parliament, the majority of the members in the house are people whose home language is not English, but yet English dominates the house.

Visit South African tertiary institutions, especially (the predominantly white universities) you’d swear that tribal languages do not exist in South Africa. The reality of the situation is that people from designated groups (non-whites) feel very less intelligent when they converse in their own language.

It seems that it is an accepted norm that in order to prove your intelligence you have to be proficient in the Shakespearean language. We tend to laugh out loud (lol) when a fellow brother breaks the English language, mispronounce the words and seem to show difficulty in understanding the idioms and proverbs of the language. Normally, the victims are the ones from ill-resourced, township schools who were only exposed to English by reading The Daily Sun.  Such students later turn out to be social outcast because their fellow brothers expect them to speak the language with absolute fluency and with a certain accepted accent.

You have to twang brother!!!!

The sad reality is that, in pursuit of our own intelligence, we are slowly killing our own languages. It is up to me as a Ndebele person to protect my language, use it extensively where possible and promote it whenever needed, and by so doing I will be defending my own language from extinction.

My friends, as much as English is accepted as the international language of doing business, it is not the symbol of advancement, modernity and prestige. Speak your language. If you are addressing the masses in conference and the language slip away, maintain your composure, rock up a paragraph in your language and after that ask whether the audience understands.

If you do not speak your home language with the same eloquence as you do with English, then be very worried because you contribute to the demise of your own language.

Defend your home language, practice the language and start reading novel written in indigenous language.

The English language is no way superior to my own, and I ought to defend my home language. Let’s take charge, let’s converse in our home language.

I take my hat off to the likes of Keorapetse Kgositsile, Moses “Mr Cellular” Mahlangu, Mhlobo Jadezweni and others who continue relentlessly to defend indigenous languages through teaching and research in the field of African languages in our universities.

Start now, you meet me in the street, please say Lotjhani, Dumela or Sawubona and I will respond accordingly.

Let’s embrace our languages.

 
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Posted by on August 7, 2011 in General

 

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My final status update…

There are about 1 billion people active users of the social media tools in the world. Social media has played an integral role in our lives. Remember how a single tweet inspired the youth of Egypt to gun against their President? It is just beautiful.  It contributes to the new world order.  The shy boy scores the girl by just saying “babe, may I please scan your BBM pin?” After that, just notice how the shy boy changes his relationship status on Facebook the next morning.

Social media is just bliss. Boy, are we in heaven?

The most popular social media tool, Facebook is being used for all sorts of things. Including of course, bragging about how one got full marks on a certain question in management accounting paper. [Really: who wants to know that], but we do it anyway.  While we are still on the issue of  Facebook, let me give you something to think about, have you perhaps wondered what your final status update will be?

Don’t you think that it would be very cool and comforting to read something like this “Greeting friends, post on my wall no more because I am now dead; peacefully resting. Your pokes hurt me no more :)” on which one of your top friends comment “Be Angelic, we miss your lies already! :(”

At TedGlobal 2011, Mashable’s Adam Ostrow delivered an interesting speech on the subject (final status update. The video really gives one something to reflect on. In the middle of his talk he shared something that really made me envy bloggers even more. Take my word when I say bloggers are immortal. Check the picture below about a blogger who instructed his family to update his blog when he finally loses the battle against cancer. It was his last blog post.

Source: Adam Ostrow, TedGlobal 2011 (video)

Intriguing, isn’t it?

What would you like your final status update to be?

Share with me on a comment box below!!!!

 
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Posted by on August 5, 2011 in General

 

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