MONDAY MIDNITE-1897

MONDAY MIDNITE-1897
From the campaign for the return of Benin's looted artifacts by British invaders in 1897 to the no-holds-barred condemnation of Nigeria's corrupt past and present leaders in tracks like PISSY PISSY, AZZHOLEZ ROCK and BRING BACK THE MONEY, this 1897 album is loaded with thought-provoking and inspiration songs. A click on the image will direct you to an online store where you can purchase the album or songs from the album.

Thursday, May 5, 2011

Government borrowing, spending push interest rate upwards

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The Central Bank of Nigeria (CBN) has said that as long as the federal government continues to patronize the bond market, it would be difficult to achieve low interest rates. CBN deputy governor, economic policy, Sarah Alade, said while the central bank is striving to achieve an inclusive economy that would capture more Nigerians, that effort was being made difficult by the huge borrowing and expenditure of government.
According to her, government needs to begin to control its level of spending in order for the real economy to have access to cheap funds.
"In terms of interest rate being high, when government borrows money, offering banks higher rates than the private sector can offer, banks naturally lend to government. So as long as the Debt Management Office keeps selling bonds, this expansionary fiscal policy, and interest rate will remain high."
She said when control is placed on government spending, then ordinary Nigerians can enjoy low interest rate.
Speaking at the presentation of the regional outlook for sub-Saharan Africa by the International Monetary Fund in Lagos on Tuesday, Mrs Alade said the central bank was working at improving access to finance for Nigerians by reforms of the payment system.
"We are thinking about agency banking where you use the post office, so that more people will be able to save and receive money. For access to finance, we are doing a lot of things," she said.
Permanent secretary in the ministry of finance, Danladi Kifase who represented the finance minister, Olusegun Aganga, said government has already embarked on measures that would cut down on its expensive and improve the quality of its expenditure.
"Government is determined to bring the budget back to balance. We are working to diversify our revenue base away from oil and gas by strengthening the tax base. The use of performance-based budgeting will help toward delivering efficiency in spending," the minister said.
He said the establishment of the sovereign wealth fund was geared towards ensuring discipline in government spending and to ensure that excess revenue are saved for judiciously applied.
According to Mr Kifase, government needs to continue to spend money in order to keep the economy running. "We cannot keep money in the bank when people need roads. The problem is the quality of spending."
He said government would improve on its expenditure to achieve growth in the economy.

Wednesday, May 4, 2011

Robots Now Catch Balls, World Domination Imminent




When the inevitable robot uprising comes to pass, may we all look back on the “face” of this seemingly tranquil yet extremely foreboding robot named Rollin’ Justin.
Developed by German Aerospace firm DLR, Rollin’ Justin has been programmed and outfitted with some 84 sensors spread out over its massive exoskeletal frame. (Fun fact: DLR is actually German for “Cyberdyne Systems.”) Justin boasts an onboard 3-D camera system for analyzing points in space, and there are 43 joints throughout its body that help enable movement in performing any number of complex activities, including seven in each arm and 12 in each hand. (Thankfully, that’s still less than a quarter of what humans possess.)
What’s all that mobility for? Well, these intrepid German engineers have enabled Justin with enough programming know-how that it can, for example, operate a self-service coffee machine or catch a ball thrown its way.
Oh, you heard right. Justin has a response time of 5 milliseconds and its onboard prediction capability figures the speed and trajectory of the ball to guess where it will be within a 2-centimeter area. Justin’s success rate for catching balls is now over 80 percent.
By far, the creepiest aspect of Justin’s mobility is the way its head moves downward, following the path of the ball with its vision sensors as the spheroid lands safely in its hands, which immediately close up around its prize. External computers handle some of the computing power, and Justin can be tweaked by human users through an iPad, but make no mistake: Justin is certainly doing most of the heavy lifting here.
Should we be concerned? Indeed, making it safely through Self-Aware Day a couple of weeks back was a positive (and unexpected) development, but we can never stay idle in fighting the impending robot threat.
Don’t take my word for it. If Wes Craven’s Deadly Friend taught us anything, it’s that robots should be allowed nowhere near sports balls of any kind. (Warning: The following scene is gory, but the mere mention of “ Wes Craven” should’ve tipped you off to that.)  

    VIKINGS DOMINATED NORTHERN EUROPE FOR CENTURIES


    Vikings dominated Northern Europe for centuries. The partitioning of Poland took them off the map totally for 120yrs. The State of Israel wasn't created until 1947. The whole of Eastern Europe didn't come to life in our modern times until communism crumbled in 1989. No country in the world escaped colonialism or domination by other countries at one point in time or the other. I detest neocolonialism as much as the next guy, and will do anything within my power to fight it wherever it exists, but it's high time for us Africans to stop exerting all our energy whining about what white people did to us and concentrate our efforts on what we can do to solve our humongous problems. Nobody can dominate us in any way or form in today's world without conniving with our leaders and our people to do it.  So why waste time and resources fighting external problems when internal problems are decimating us? To fix the outside, one must first fix the inside. The cleansing must be done INSIDE OUT, coz, in effect, WE are our own MAJOR problems.

    10 Things You Can Learn From A Nigerian

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    by R. Asmerom
    It goes without saying: Nigerians are plentiful. In fact, one in five Africans is Nigerian and they certainly represent throughout the Diaspora.  Much of the time, however, the over 150 million Nigerians in the world are unfairly associated with 419 email scams.  More often than not, Nigerians are contributing to the international business and cultural landscape in a major and legitimate way.  One stereotype that is true is that Nigerians are some of the hardest working people on the planet and they have the accolades to show for it.
    This year, Nigeria is celebrating the 50th year anniversary of its independence from the United Kingdom. In honor of  this very important milestone, we decided to highlight a handful of the country’s international superstars who have propelled their country into the spotlight and shine as an example of how to thrive creatively and professionally in their respective fields.
    Without further ado, here’s our list of 10 very interesting things you can learn from a Nigerian.

    Who Would Boo Beyonce and Jay-Z?

    Posted Tue May 3, 2011 7:17am PDT by Caryn Ganz in Amplifier
    Beyoncé and Jay-Z have made so few musical missteps in their respective superstar careers, chances are they haven't heard the stinging sound of boos in a long, long time. But last night at the Costume Institute's "Alexander McQueen: Savage Beauty" Gala at the Metropolitan Museum of Art in New York, the couple got a verbal smackdown from piqued paparazzi who were angry the pair didn't pause longer for photographs. New York magazine's fashion blog the Cut was the first to report Beyoncé Boogate, tweeting from the red carpet, "OMG Beyonce and Jay-Z are being BOOED at the #MetGala for not posing for pictures! Yes, boo!" The site's correspondent quickly explained, "Beyonce's Pucci dress was so tight she could barely walk up the stairs as she failed to stop for the photographers."
    Camera-phone footage confirms B struggled to take even a few steps in her slinky black-and-gold gown -- she even required assistance from Jay-Z and another fella for the walk up the stairs -- which is a little ironic since she just released a fitness song called "Move Your Body."
    Keep in mind, these were pushy photogs rather than persnickety music critics showering the duo in boos -- nobody yelled, "Where'sWatch the Throne?" or "Why'd you sample Major Lazer?" at the pair -- but the effect was pretty harsh. Hopefully Beyoncé and Jay returned to their TriBeCa pad right next to De Niro and blasted Of Montreal's "Suffer for Fashion."
    The dress itself wasn't exempt from some virtual booing, either: The Prophet blog described the garish, fishtail frock as a "vinyl dress that looked like a Tina Knowles Dereon special straight off the rack at Sears."
    In related news, Madonna looked out-of-control awesome at the gala.
    [Photo: Kevin Mazur/WireImage.com]

    Monday, May 2, 2011

    Obama: Al-Qaida head bin Laden dead

    In this April 1998 file photo, Osama bin Laden is shown in Afghanistan. More photos »
     By JULIE PACE and MATT APUZZO, Associated Press – 1 hr 14 mins ago
    WASHINGTON – Osama bin Laden, the glowering mastermind behind the Sept. 11, 2001, terror attacks that killed thousands of Americans, was slain in his luxury hideout in Pakistan early Monday in a firefight with U.S. forces, ending a manhunt that spanned a frustrating decade.
    "Justice has been done," President Barack Obama said in a dramatic announcement at the White House.
    A jubilant crowd of thousands gathered outside the White House as word spread of bin Laden's death. Hundreds more sang and waved American flags at Ground Zero in New York — where the twin towers that once stood as symbols of American economic power were brought down by bin Laden's hijackers 10 years ago.
    Another hijacked plane slammed into the Pentagon on that cloudless day, and a fourth was commandeered by passengers who forced it to the ground — at cost of their own lives — before it could reach its intended target in Washington.
    The United States attacked Afghanistan within months, pursuing al-Qaida, and an invasion of Iraq followed as part of the Bush administration's global war on terror.
    U.S. officials said the CIA tracked bin Laden to his location, then elite troops from Navy SEAL Team Six, a top military counter-terrorism unit, flew to the hideout in four helicopters. Bin Laden was shot in the head in an ensuing firefight, these officials said, adding that he and his guards had resisted his attackers. U.S. personnel identified him by facial recognition, the official said, declining to say whether DNA analysis had also been used.
    The U.S. team took custody of bin Laden's remains. A U.S. official later said bin Laden had been buried at sea and the remains were handled in accordance with Islamic practice, which calls for speedy burial.
    The official, who spoke Monday on condition of anonymity to discuss sensitive national security matters, said it would have been difficult to find a country willing to accept the remains. The official did not say where the body was buried.
    Obama said no Americans were harmed in the operation. Three adult males were also killed in the raid, including one of bin Laden's sons, whom officials did not name. One of bin Laden's sons, Hamza, is a senior member of al-Qaida. U.S. officials also said one woman was killed when she was used as a shield by a male combatant, and two other women were injured.
    The operation occurred in pre-dawn darkness on Monday in Pakistan — Sunday afternoon in Washington. Obama went on television late Sunday night to make the announcement.
    Bin Laden's death marks a psychological triumph in a long struggle that began with the Sept. 11, 2001 attacks, and seems certain to give Obama a political lift. But its ultimate impact on al-Qaida is less clear.
    The greatest terrorist threat to the U.S. is now considered to be the al-Qaida franchise in Yemen, far from al-Qaida's core in Pakistan. The Yemen branch almost took down a U.S.-bound airliner on Christmas 2009 and nearly detonated explosives aboard two U.S. cargo planes last fall. Those operations were carried out without any direct involvement from bin Laden.
    Obama provided few details of the operation beyond to say that he had personally ordered it be carried out. Other officials said it was so secretive that no foreign officials were informed in advance, and only a small circle inside the administration was aware of what was unfolding half a world away.
    But within hours of the announcement, Pakistani officials and a witness said bin Laden's guards had opened fire from the roof of the building, and one of the choppers crashed. The sound of at least two explosions rocked the small northwestern town of Abbottabad, where the al-Qaida chief made his last stand.
    Flames were visible after the attack on the building, which was located about 100 yards from the gates of a Pakistani military academy — certain to raise questions about al-Qaida's ability to build a custom-made hideout in such close proximity.
    Abbottabad, surrounded by hills and with mountains in the distance, is less than half a day's drive from the border region with Afghanistan, where most intelligence assessments believed bin Laden was holed up.
    The White House said Obama convened at least nine meetings with top national security officials in the lead-up to Sunday's raid.
    The president spent part of the day on the golf course, but cut his round short to return to the White House for a meeting where he and top national security aides reviewed final preparations for the raid.
    Two hours later, Obama was told that bin Laden had been tentatively identified.
    CIA director Leon Panetta was directly in charge of the military team during the operation, according to one official, and when he and his aides received word at agency headquarters that bin Laden had been killed, cheers broke out around the conference room table.
    Halfway around the world, in Abbotabad, one witness described a military raid carried out under darkness.
    "I heard a thundering sound, followed by heavy firing. Then firing suddenly stopped. Then more thundering, then a big blast," said Mohammad Haroon Rasheed. "In the morning when we went out to see what happened, some helicopter wreckage was lying in an open field."
    A Pakistani official in the town said fighters on the roof opened fire on the choppers with rocket-propelled grenades. Another official said the four helicopters took off from the Ghazi air base in northwest Pakistan.
    The U.S. and Pakistani officials spoke on condition of anonymity because of the sensitivity of the information.
    Obama said he gave the order for the operation after receiving intelligence information that he did not further describe.
    Former President George W. Bush, who was in office on the day of the attacks, issued a written statement hailing bin Laden's death as a momentous achievement. "The fight against terror goes on, but tonight America has sent an unmistakable message: No matter how long it takes, justice will be done," he said.
    Senior administration officials said the terrorist mastermind was found inside a custom-built compound with two security gates. They said it appeared to have been constructed to harbor one high-value target and that for undisclosed reasons, officials believed the hideout was bin Laden's.
    The stunning end to the world's most widely-watched manhunt came just months before the 10th anniversary of the Sept. 11 attacks on the World Trade Centers and Pentagon, orchestrated by al-Qaida, that killed nearly 3,000 people.
    The attacks a decade ago seemed to come out of nowhere, even though al-Qaida had previously struck American targets overseas.
    The terrorists hijacked planes, flew one of them into one of Manhattan's Twin Towers — and, moments later, into the other one. Both buildings collapsed, trapping thousands inside and also claiming the lives of firefighters and others who had rushed to help them.
    A third plane slammed into the Pentagon, defacing the symbol of America's military night. Officials have speculated that the fourth plane had been heading for the U.S. Capitol or perhaps even the White House when it crashed in Pennsylvania.
    Based on statements given by U.S. detainees, intelligence officials have known for years that bin Laden trusted one al-Qaida courier in particular, and they believed he might be living with him in hiding. In November, intelligence officials found out where he was living, a huge fortified compound. It was surrounded by walls as high as 18 feet high, topped with barbed wire. There were two security gates and no phone or Internet running into the house.
    Intelligence officials believed the $1 million home was custom-built to harbor a major terrorist. CIA experts analyzed whether it could be anyone else, but time and again, they decided it was almost certainly bin Laden.
    Obama spoke with Bush and former President Bill Clinton Sunday night to inform them of the developments.
    The president struck a less than boastful tone in his brief announcement, although he said the death of bin Laden was "the most significant achievement to date in our nation's effort to defeat al-Qaida.
    "His death does not mark the end of our effort. There's no doubt that al-Qaida will continue to pursue attacks against us. We must and we will remain vigilant," he added.
    Moments after Obama spoke, the State Department put U.S. embassies on alert and warned of the heightened possibility for anti-American violence. In a worldwide travel alert, the department said there was an "enhanced potential for anti-American violence given recent counterterrorism activity in Pakistan."
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    Sunday, May 1, 2011

    President Obama Roasts Donald Trump

    This is a Jordanesque slam dunk. This is Ali knocking out Foreman in the famous rumble in the jungle. Well done  Mr. President, well done.