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Thursday, April 7, 2011

[chottala.com] Dr. Yunus



The link of a column on Dr. Yunus by Dr. Hassan (MD). No comments of my own.

Mannan




http://www.dailyjanakantha.com/news_view.php?nc=16&dd=2011-04-08&ni=55082

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[chottala.com] INTRODUCING FIRST TIME EVER BOISHAKHI POTHO-MELA "RALLY" [1 Attachment]

[Attachment(s) from Abu Rumi included below]


 
DEAR COMMUNITY FRIENDS AND FAMILY,
 
ONCE AGAIN FRIENDS AND FAMILY IS READY TO PRESENT THE FIRST TIME EVER BOISHAKHI POTHO-MELA TO YOU IN THE METRO WASHINGTON DC AREA. WE ARE TRYING OUR BEST TO PREPARE AND ARRANGE THE BIGGEST EVENT OF THIS AREA. AT THIS TIME FRIENDS AND FAMILY WOULD LIKE TO INFORM YOU ABOUT THE RALLY WHICH WILL TAKE PLACE DURING THE POTHO-MELA. AS YOU MAY HAVE NOTICED THAT RALLY SUCH AS THIS WILL BE HELD FIRST TIME IN THE METRO WASHINGTON AREA. WE ARE TRYING TO MAKE THIS SHOW AS COLORFUL AS POSSIBLE WITH DIFFERENT ITEMS AND IN WHICH CASE THE BANGLADESHI COMMUNITY MEMBERS WILL BE ABLE TO ENJOY EACH AND EVERY MOMENT OF THE BOISHAKHI POTHO-MELA. ONCE AGAIN FRIENDS AND FAMILY WOULD LIKE TO INVITE YOU TO JOIN THIS WONDERFUL RALLY . PLEASE BRING EVERYTHING WITH YOU FOR THE RALLY WHICH WILL REPRESENT BANGLADESH. YOU CAN BRING BANGLADESHI FLAG, T-SHIRT, BANDANA, VARIOUS TYPES OF CLOTHING, DHOL, MUSICAL INSTRUMENTS LIKE EKTARA, DOTARA ETC.
 
ON BEHALF OF FRIENDS AND FAMILY,
 
ABU RUMI
 
THANK YOU                                                                               RALLY LOCATION: SOUTH 2ND STREET, ARLINGTON, VA-22204
 
                                                                                                  TIME: 11.15 AM SHARP
 
                                                                                                   ENDING ON SOUTH 9TH STREET, ARLINGTON, VA

Attachment(s) from Abu Rumi

1 of 1 File(s)


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[chottala.com] Just when you think you've seen it all , it's not over yet !!! More Coming Soon.!!!!!!!!!! [1 Attachment]

[Attachment(s) from Abu Rumi included below]

pashani~mhamoda~koste~ase~mamun~khan
Dear Friends & Family
 
Friends & Family will be having a special guest. International Folk & Boyati Singer Farkir Shabuddin flying from Bangladesh to perform In Boishaki Potho Mela.  THIS IS SOMETHING YOU DONT WANT TO MISS !!! Please come and see him rock the stage.

 
http://www.khabor.com/news/2011/04/05/DN04052011000016.htm

Attachment(s) from Abu Rumi

1 of 1 File(s)


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RE: [chottala.com] BD goes backward

Because
People of Bangladesh are really foolish.
They did not understand what was spoken and what was done done by mujib and they do not still now understand what is being spoken and what is being done by hassina.
For making understanding wise and quality educating the people some one or more leaders are needed to come forward for teaching and educating the people of Bangladesh by opening nation wide quality knowledge schools.

--- On Tue, 5/4/11, Capt. Farid Hossain <farid2002hossain@hotmail.com> wrote:

> From: Capt. Farid Hossain <farid2002hossain@hotmail.com>
> Subject: RE: [chottala.com] BD goes backward
> To: chottala@yahoogroups.com
> Received: Tuesday, 5 April, 2011, 8:55 AM
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> Hasina wants to make sure that only "Mujib" is
> above everybody, everyname. Dr. yunus was getting more
> famous... that is his problem.
>
> F.Hossain 
>  
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> To: chottala@yahoogroups.com; ranakarim2000@yahoo.com
> From: ashik16@yahoo.com
> Date: Mon, 4 Apr 2011 04:57:22 -0700
> Subject: Re: [chottala.com] BD goes backward
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> U know Mr Rana I don't blame Hasina for this.
> Because no use of blaming an illiterate governor. She does
> not have tht knowledge n self respect to understand wht she
> is doing n talking. But I do blame all our nation including
> me for votting them. This is not the end we will again vote
> either AL or BNP and allow them to act shameless.
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> Sent from Yahoo! Mail on Android
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> From: rana
> karim <ranakarim2000@yahoo.com>;
> To: <chottala@yahoogroups.com>;
> Subject: [chottala.com] BD goes
> backward
> Sent: Sun,
> Apr 3, 2011 5:59:30 PM
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> http://online.wsj.com/article/SB10001424052748703712504576238333352488132.html
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> "In marketing perception is reality"
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> What had taken decades for Bangladeshis to
> painfully build an image from 'basket case'
> to an emerging democracy, housewife Hasina managed to
> blow that hard earned image in just few
> days!! 
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> Therefore, I would like to nominate her for Noble Price
> for being a :
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> 1. Skillful leader in destroying one of the best
> global women's empowerment program. (Herself as a women
> PM of BD)
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> 2. Introducing a new vocabulary in English language -
> "Hingsha". Hence, linking Bangladesh
> to mockery and ridicules in the global media. 
>
> 3. Using the BD judiciary - No. 1 corrupt org. in BD
> according to TI, against a Noble Laureate, hence
> casting doubt to the emerging democracy in BD.
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> Joy Ho - Hasina, well done in casting a new image for BD as
> a PM!!  
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[chottala.com] Fw: Bhagwati is wrong about Grameen and Bangladesh -- Mohammad Shahidul Islam



    Thanks, Shahidul Islam, for your very well articulated message on Professor Jagdish Bhagwati's ill-conceived analysis on Prof Yunus' work for Bangladesh and humanity at large!  
    Prof. Baghwati's piece gives an appearance of bias when he cites Ms. Ela Bhatt's SEWA (laudable achievement) as predecessor to Grameen, and India's impressive economic success during the last two decades to downplay the contribution microcredit made to the "unbanked" poor in Bangladesh and around the world. One would hesitate to contend that he shares or supports the syndrome that the Bangaldeshi political leadership suffers for not being recipient of the Nobel when Yunus was awarded the ultimate recognition!   
     Regards,
                  Sultan Chowdhury
                  USA  





from:    Mohammad Shahidul Islam
to:    "information7032011@gmail.com" <information7032011@gmail.com>
date:    Wed, Apr 6, 2011 at 12:50 AM
subject:   Bhagwati is wrong about Grameen and Bangladesh


My piece in today's /6 April Daily Star:

http://www.thedailystar.net/ newDesign/news-details.php? nid=180583


Wednesday, April 6, 2011
OP-ED

Bhagwati is wrong about Grameen and Bangladesh

Grameen and Yunus are not beyond criticism, but a misleading analysis is the last thing that the entity's over eight million clients and the global microcredit industry can afford.
M. Shahidul Islam

Professor Jagdish Bhagwati, a noted economist of Columbia University, USA, has written a provocative piece about the ongoing spat between the Government of Bangladesh and Grameen Bank. The Project Syndicate and the Times of India carried the article.

Unfortunately, he has got many issues wrong as far as the role of Grameen Bank and micro-credit and Bangladesh's growth trajectory are concerned. Bhagwati's comments about Muhammad Yunus also undermine Bangladesh's lone Nobel Laureate's contribution to microcredit and social development.

The need for microcredit in Bangladesh and elsewhere in the world hardly needs any introduction. There is rampant market failure as well as government failure with regards to extreme poverty. Against this backdrop, the intervention made by Professor Yunus through microcredit has been widely recognised as a success story.

According to the Microcredit Summit Campaign, a record 128 million of the world's poorest families received micro-loans in 2009, inspired by Grameen. A recent survey by an international advocacy group reveals that 10 million of Yunus's fellow countrymen moved above the $1.25 a day earning threshold between 1990 and 2008.

However, Professor Bhagwati believes that the true pioneer of microfinance is Ms. Ela Bhatt, a follower of Gandhi, who established Self-Employed Women's Association (SEWA) as a bank in April 1974, two years before Yunus founded his Grameen Bank Project in Bangladesh. I do not discredit Ela Bhatt for her noble work. However, there are scores of Ela Bhatts who have made some contribution in the field of microcredit, but it is none other than Yunus who institutionalised the idea of collateral-less credit.

Terming Grameen as a losing concern Bhagwati writes: "Yunus is suspected of covering up losses at Grameen with huge sums of money from abroad." However, the reality is that Grameen stopped accepting foreign money of any kind in the 1990s. Its deposits ($1.4 billion) exceed its loans to borrowers in excess of $500 million. Moreover, Grameen's balance sheets, which are audited by professional accountancy firms regularly, show that it incurred losses for only three years since its inception. More importantly, Grameen has never faced a situation, as many state owned banks in Bangladesh have, that required a government bail-out.

Indeed, one of the basic philosophies of Yunus is that charity cannot alleviate poverty. His new vision -- again concentrated on poverty -- is to develop social business based on the principle that investors and owners can gradually recoup the money invested, but cannot take any dividend beyond.

Downplaying the role of microcredit, Bhagwati argues that India's massive economic reforms, which began in earnest in 1991, have had a far greater impact on poverty, and indeed on the incomes of several disadvantaged groups, including women. However, citing the NSS data, Professor Pranab Bardhan of the University of California, Berkeley, debunked this conventional view. The statistics shows that the rate of decline in poverty had not improved significantly in 1993-2005, the period of intensive opening of the economy, compared to the '70s and the '80s.

Moreover, had the economic liberalisation in India helped the poor in such a big way, as Bhagwati thinks, India should have witnessed better performance of its social sector indicators. India remains home to the world's largest population of the poor, hungry and illiterate. Moreover, the demand for microcredit has not declined in the country.

Bhagwati discounts the country's steady economic growth. He has gone after key Bangladeshi economists, who were trained in economics in England, for their policy failure with regards to the recipes of economic growth. According to Bhagwati: "As Sheikh Hasina has seemed to appreciate since returning to office two years ago, Bangladesh has for decades been handicapped by doctrines that undermine growth. Unfortunately, Bangladesh's most influential economists, and hence the country's policies, remain mired in the growth-killing socialist economics that they learned at Cambridge and the London School of Economics a half-century ago."

There is no denying that the growth trajectory that India witnessed in the post-1992 reform era is nothing short of a miracle, and that Bangladesh's economic performance has been lower than its optimal level. However, here the key constraints to growth are not the lack of right economic policies, rather high degree of corruption, poor governance and undeveloped institutions, inter alia.

That said, since 1992 the growth rate of Bangladesh has been no less impressive. According to World Bank data, the average annual growth rates in India and Bangladesh were 6.7% and 5.4% respectively in the period of 1992-2009.

It is not clear how Sheikh Hasina's team of economists have done anything radical in the past two years. Indeed, the recent IMF assessment of the Bangladesh economy is worrisome. The equity markets in the country have wiped out the life-long savings of millions of small savers owing to the authorities' poor regulations. The economy faces near double-digit inflation. More worryingly, Bangladesh's hard-earned macroeconomic stability is now at stake.

Growth-obsessive economists often forget the issues of social justice and equity. With relatively lower GDP growth rates than India's, Bangladesh's social sector indicators are much better than most South Asian countries. It has outshone even India in many social indicators. How Bangladesh fares in this regard is perhaps best captured in a recent UN Human development report that says: "Bangladesh is one of the countries that has made the greatest progress in recent decades as measured by a new version of the HDI." The percentage of the population living under the poverty line came down to 30 in 2010 from 40 in 2005, according to the latest household expenditure survey by Bangladesh Bureau of Statistics.

This has also not gone unnoticed by one of India's top economists, Nobel laureate A.K. Sen, who incidentally studied at Cambridge and is an authority on social sector and poverty issues. He frequently cites the successes of Bangladesh's social sector and acknowledges the role of Grameen, among others, in empowerment of women and poverty alleviation.

Bhagwati's article, which is misleading in many instances -- both in terms of facts and arguments -- comes at a time when the people in Bangladesh are hoping that order will be restored in Grameen sooner rather than later. Further, the deadlock in Grameen is highly disturbing for the burgeoning microfinance industry, which has been undergoing a fundamental shift as a number of microcredit institutions are evolving from "not-for-profit" to "for-profit" outfits by going public, inter alia. Thus, Yunus's and Grameen's roles are even more important in guiding the global microcredit industry at this critical juncture with their three-decade-long experience.

Grameen as an institution and Yunus as a person are not beyond criticism, but a misleading analysis is the last thing that the entity's over eight million clients and the global microcredit industry can afford. Bangladesh, once widely seen as a "basket case," has emerged as a socially strong and economically viable state thanks to the role played by the government, the private sector and NGOs. The country needs more scholars and friends to globalise its many social virtues that are widely seen as "quasi- public goods." Disingenuous remarks about Bangladesh's growth dynamics without understanding the country's political economy will not help, if not hurt, the nation.

The Bhagwati article reveals the fact that there are abundant armchair economists in our times who only sit back and criticise those of their colleagues whose labours have actually contributed to the welfare of human kind. Jagdish Bhagwati, sadly, represents the former, and Yunus, happily, the latter.

The writer is a research associate at the Institute of South Asian Studies (ISAS), National University of Singapore. E-mail: imonsg@gmail.com.



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[chottala.com] BCCDI Bhoisaki event's attractions: Tajul Imam, Tapan Modok and a goup of famous performers from New York [2 Attachments]

[Attachment(s) from Mizanur Bhuiyan included below]

 

                                             "Please display the attached flyer for details"

Dear

Community Folks and Outdoor Festival Lovers,

BCCDI-Bangla School is very cordially inviting you to attend in "Bengali New year-1418" celebration on Saturday April 16 2011, 2nd Bhaisak 1418 with its glory and heritage. The great attractions of the event's are a bunch of famous and top ranked heartthrob vocal, instrumental musicians and dancers from New York.

Tajul Imam (The best and most popular folk singer from New York) (picture attached)

AND

Niju, Mohima, Akash, Monisha and many more (From New York)

Tabla: Tapan Modak (Famous Tabla player of south Asian continent) & Himu Rozario

Please bring your friends, families and children to enjoy this great Bengali New Year celebration in a real meaningful way at Mason District Park (Ramna Botomul). Thank you very much for your support and presence in our great Bengali New Year festival.

Media Partner

ATN Bangla

&

www.news-bangla.com

 

·         Very colorful Bhaisaki (Khatti Bangali) Music and Dance by Young generation from New York and those are growing here.  

·         Authentic Bhaisaki Presentation

·         Natok

·         Kobita Abritti

·         Puthi Patt

·         Bhaisaki food varieties (Pantha-Ilish, various combination of Vortha, firni, misti, jilapi and many other items)

·         Special Dal will be cooked on the spot (Marina Rahman & Shah Habib Bhai)  

Place: Mason District Park

6622 Columbia Pike

Annandale, Virginia

Date: 16 April 2011

Time: 11.00 am to 5.00 pm

 

Sincerely,

BCCDI-Bangla School Board of Directors

703-828-5319


Attachment(s) from Mizanur Bhuiyan

2 of 2 Photo(s)


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