Cesarnc's market talk, gossips, rumours & fun

The only powerful-enough fundamental to bring trend back will be 1Q earnings, to come out shortly. That is, if they say the worst is over.

Otherwise, months of crap loom.

I agree.

Wall Street analysts have cut their first-quarter earnings forecasts for U.S. companies and are now projecting a sharper decline, figures from Reuters Estimates showed on Monday.

Months of crap loom

15 min. charts will be considered "Long term" trading

Shit, I got it wrong again. I was going off the 1hr charts.

By Zainab Fattah

March 31 (Bloomberg) -- Mohammed was born and raised in the United Arab Emirates. He speaks with an Emirati accent and blends in with the locals on the streets of Dubai. Yet at 34, he is still struggling to gain citizenship in the Persian Gulf nation.

``This is my country and yet it treats me like a stranger,'' Mohammed, who asked that his last name not be used for fear of ending any chance of winning an Emirati passport, said while gazing at the skyscrapers along Dubai's Sheikh Zayed Road. ``Dubai is on the go and we're stuck in time, shut out of it all.''

Mohammed, whose family arrived in the U.A.E. from Iran about 50 years ago, is one of an estimated 100,000 stateless residents in the country, according to Maureen Lynch at Washington-based advocacy group Refugees International. Called Bidoon, Arabic for ``without,'' they are denied birth certificates and passports and have little access to health care and education. Many live in poverty.

Since the president, Sheikh Khalifa al-Nahyan, pledged to resolve the issue in October 2006, only 1,294 people have received citizenship. The process has been slowed by the government's decision to study applications on a case-by-case basis.

``A country that allows statelessness to continue is really cutting itself off in terms of what these people have to offer,'' said Lynch, senior advocate for statelessness initiatives at Refugees International. ``When individuals are provided with education, they become a part of the employment pool and can contribute to the society.''

Economic Blemish
The predicament of the Bidoon is one more blemish on the U.A.E. economic boom that's been driven by record oil prices. Like migrant workers from southeast Asia and women trafficked for prostitution, the Bidoon live on the fringes of the skyscrapers and luxury hotels.

Granting citizenship would mean giving them a raft of state benefits, from free education and health care to free land and no-interest home loans for men. The average male Emirati receives benefits worth 204,000 dirhams ($55,500) a year, according to research from Zayed University.

Fawaz Khalil Badran, spokesman at the Ministry of Interior in Abu Dhabi, said the Bidoon population is much smaller than Refugees International says, without being specific. He didn't respond to more detailed questions.

Many of the region's stateless people trace their origins to nomadic tribes called the Bedouin that once roamed the desert, traveling between what are now Kuwait, Saudi Arabia, Iran and the U.A.E. Others are descendants of fisherman and merchants who settled in the country years ago. The United Nations also translates the Arabic word for ``without'' as Bidun.

No Man's Land
There are about 11 million people without nationality worldwide, according to a 2005 report from Refugees International. It based its estimate for U.A.E. Bidoon on government data and field research, Lynch said.

In the Middle East, they got caught in a no man's land after failing to apply for nationality when Britain gave up its colonies in the 1960s and 1970s and carved out the Persian Gulf states.

Now those countries are struggling with how to handle them.

In Kuwait, which has 91,000 Bidoon, a parliamentary proposal would let them apply for identity cards and passports; register births, marriages and deaths; and buy property. They would also get access to free education and health care.

It would stop short of making them citizens, classifying their status as ``undecided.'' To apply, people must have lived in Kuwait since 1965, have no police record and be able to prove they didn't cooperate in Iraq's occupation of the country under Saddam Hussein.

Lucky Few
``Let's face it, people left without education or work will cause problems such as robberies, immoral acts or even terrorism,'' said Duaij Khalaf Al-Shummary, a parliament member who sponsored the bill.

Hussein Mohammad Al-Jusmi's family was among the lucky few who received Emirati nationality last year. He hopes life will be different for his nine children.

A doorman for a school in Um al-Quwain, Al-Jusmi, 53, said he waited for citizenship his whole life. At 8, he came to the U.A.E. from an Iranian island with his father, a fisherman.

``I know doors will be opened to my children to succeed,'' he said.
Even for Bidoon with more financial means, being stateless can stall one's progress, said Sherihan, a 20-year-old aviation student. She has to forgo pilot classes because she can't fly a plane without a passport, a document she also needs to be able travel to the U.S. to complete her training.

`Taking Your Identity'
``It's not just taking your opportunity away, but it's taking your identity away too,'' she said. ``I hope to fly a 787 or A380 one day.''
Mohammed said his family first applied for U.A.E. citizenship in 1993. After being investigated repeatedly, the application was rejected a month ago because some paperwork was missing.

During the week, Mohammed works for a government agency in Dubai, where he sleeps in a dormitory. On weekends, he heads to Ras Al Khaimah, the emirate where his family lives in one room of a house shared with four other families.

They consider themselves lucky because unlike most of the other makeshift houses around them, they have running water, a television and a bed.
``Without citizenship it's very hard to get a job, let alone one that pays well,'' Mohammed said. ``It's a wasted life.''

To contact the reporter on this story: Zainab Fattah in Dubai on [color=#0000ff][email protected][/color]
Last Updated: March 30, 2008 18:36 EDT

But Ash, Beckham and Tiger Woods live in Dubai, I thought everything was great there!!

Morning all. Why is New York always so f*cking boring? When do these MFs wake up? noon? ugh. Slow days make me bearish.. bad vibes

Meanwhile Dubai is the most artificial place you'll ever see.

They are waiting for their Coke, and the Chi PMI

Like a thief in the night...

http://forexfactory.com/showthread.php?t=66776

hey if anybody wants to watch free movies while you trade go to www.movieforumz.com

a

My vote was lego land. But if you say so.

Dubai is Sand Land. The number one most fake place on Earth.

KIWI

Paulson speaks "new financial regulations.... good for the workers..."

funny.

it is curious how dollar drops in every "official" speech.

Yeah.. market reply .."Shut the F*ck Up, Paulson.. Just give us what we want!" :

Tiger Woods lives right here in Florida. He might have a house in Dubai as well as other places.

turmoil... stability.... turmoil..... no wait... stability... oh no . turmoil !!!

Yeah I know he's in Isleworth, classmate of mine lives there.