Integrity Legal

Archive for the ‘US Business’ Category

16th January 2012

It recently came to this blogger’s attention that Apple Inc. and the Korean firm Samsung are apparently working in cooperation in order to fashion the next generation of PC tablets. In order to provide further insight it is necessary to quote directly from The Korea Herald via the Asia News Network:

Apple Inc’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said…Tim Cook is not only the COO, but also acting CEO of Apple. During Cook’s trip last week, Apple seems to have offered Samsung an advance for the AMOLED displays, the source said…

It is recommended by the administration of this blog that readers click upon the hyperlinks noted above to read this article in further detail.

As technology continues to be a defining component of a more dynamic global economy there is hope that cooperation between American and Asian technology firms will result in further technological as well as economic advances. Concurrently, such cooperation is likely to also manifest itself in the form of better computing platforms for the general public.

It is interesting to note that while Northern Asia, especially Northeastern Asia has seen industrial advances the Southeast Asian region continues to show growth in the agricultural sector. This has arguably been the case in the Kingdom of Thailand for quite some time. However, there seems to be evidence to indicate that agricultural growth is expanding into the neighboring countries, such as Cambodia, which also happen to be members of the Association of Southeast Asian Nations (ASEAN). Most notably, it would appear that a company in the Kingdom of Thailand is poised to undertake a new venture in the Kingdom of Cambodia with the aim of increasing rice production therein. For further elucidation this blogger must quote directly from the official website of The Bangkok Post:

Asia Golden Rice Co, Thailand’s second-largest rice exporter, has mapped out a 1.5-billion-baht rice investment in Cambodia in a bid to expand regionally…The plan includes modern, fully equipped milling and processing plants with a capacity to process up to one million tonnes of rice per year, and is considered a milestone investment in rice industry of Cambodia, the world’s sixth largest rice exporter…

It is once again recommended that readers click upon the hyperlinks noted above to read further on these developments in detail.

The overall ramifications of this plan remain to be seen. That stated, there is certainly room for speculation that a venture such as the one described above could have positive benefits for ASEAN as well as Asia as a whole. Since many countries around the globe import rice from Southeast Asia one could surmise that increased production could drive down the cost of rice internationally and thereby benefit rice consumers around the world.

For related information please see: ASEAN.

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5th October 2011

It recently came to this blogger’s attention that exporters in Australia are expecting a robust economy in Asia in the future. In order to provide further explanation it is necessary to quote directly from the official website of the Herald Sun, HeraldSun.com.au:

AUSTRALIAN meat exporters are hoping Asia’s dynamic economies will deliver boom times, with the industry forecasting gains of up to 20 per cent in markets such as Thailand once the ASEAN Economic Community (AEC) is underway from 2015. Amir Gun Mohammad, a regional representative for Meat and Livestock Australia (MLA), says the expected boost has followed the rapid development of the local food services industry, a growing middle class and expanded trade opportunities. ”Hopefully it will be very, very good for us. I think Thailand has been seen to be a major player in the ASEAN region. They export a lot to other parts of ASEAN,” Amir Gun told AAP. Amir Gun said once the ASEAN free trade system was in place Australian beef and livestock importers would face an easier path to regional markets…

This blogger encourages readers to click upon the aforementioned hyperlinks to learn further details from this interesting article.

There are many who feel that the economies which comprise ASEAN (Association of Southeast Asian Nations: Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) are likely to continue to show signs of economic integration along with the concomitant economic benefits that come therewith. Hopefully such possible circumstances will accrue to the benefit of all concerned.

The economies in the ASEAN jurisdictions are not the only foreseeable beneficiaries of possible future economic luster. In fact, China appears to be viewed by many as a possible economic powerhouse in coming decades. This is not to say that this will accrue to the disadvantage of other economies since global economics is not always a “zero sum” game. The growth of a sustainable middle class in any of the Asian jurisdictions is likely to create tangible economic rewards on a local, regional, and global scale. To provide further insight into the encouragement of Chinese small business it is necessary to quote directly from the official website of China Daily, ChinaDaily.com.cn:

Chinese Premier Wen Jiabao has urged stronger financial support for China’s smallbusinesses and better regulation of private lending activities to prevent risks of capital shortage from spreading.

This blogger strongly encourages readers to click upon the hyperlinks noted above to read this interesting and concise article in detail.

Clearly tangible benefits can be garnered by both the Chinese and ASEAN economies through bi-lateral relations, but when viewing this in conjunction with the fact that Australia and the US maintain a strong economic relationship with ASEAN and her component jurisdictions there is at least an inference which can be made to support the conclusion that there is likely to be dynamic economics at play in Asia’s future. Meanwhile, this economic dynamism can have ancillary benefits for the global economy.

How future economic events will transpire remains to be seen, but there are strong indicators that all of the economies mentioned above have bright futures indeed.

For information regarding legal services in Southeast Asia please see: Legal.

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17th August 2011

It recently came to this blogger’s attention that a former officer at the United States Citizenship and Immigration Service (USCIS) has been sentenced in connection to charges stemming from apparent corruption. In order to provide further insight it is necessary to quote directly from the official website of the United States Immigration and Customs Enforcement Service (USICE, although sometimes colloquially referred to as ICE) website, ICE.gov:

LOS ANGELES — A former supervisor with U.S. Citizenship and Immigration Services (USCIS) and his son were sentenced Thursday on federal corruption charges to 60 months and 48 months in prison, respectively, following an investigation by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations and the Department of Homeland Security’s Office of Inspector General. Fernando Jacobs, 72, of Upland, Calif., and his son, Patrick Jacobs, 44, of Ontario, Calif., were sentenced by U.S. District Judge George H. King. Judge King also ordered Fernando Jacobs to pay a $30,000 fine. Fernando Jacobs was remanded into custody to begin serving his prison sentence immediately. Patrick Jacobs has been in custody since his arrest in December 2009. Fernando Jacobs, who was a supervisory immigration services officer with USCIS, and Patrick Jacobs were convicted by a jury of conspiracy, bribery and honest services wire fraud. Additionally, Fernando Jacobs was also convicted of visa fraud. The evidence presented during the two-week trial in U.S. District Court in April showed the elder Jacobs accepted bribes in exchange for helping aliens seeking status in the United States and that his son acted as a middleman brokering deals with those individuals. “The significance of public corruption cases like this cannot be overestimated,” said U.S. Attorney André Birotte, Jr. “The American public demands honest government service and the Department of Justice is committed to policing government and preserving the public trust.” The evidence showed the elder Jacobs and his son engaged in a scheme to defraud USCIS of Fernando Jacobs’ honest services, using his authority and official position to enrich themselves by receiving payments in return for various actions…

The administration of this web log encourages readers to click upon those relevant hyperlinks noted above to learn further details from this interesting article.

It has always been this blogger’s experience that officers of the USCIS are upright, hardworking, and forthright individuals; but notwithstanding this fact there are instances where corruption can exist in any organization. Therefore, it is a genuine relief to see prompt action to discourage this behavior while simultaneously seeing that those engaged in illegal activity are brought to justice. Hopefully further efforts will yield more efficient and effective government in the future as such factors could result in more efficient and faster processing times for adjudication of bona fide immigration petitions and applications.

In news pertaining to the Association of Southeast Asian Nations (ASEAN), it recently came to this blogger’s attention that China considers engagement with ASEAN in the future as both important and strategic. To provide further insight it is necessary to quote directly from the online Asia Times website, ATimes.com:

Under its “good neighbors policy”, Beijing naturally considers improving relations with ASEAN an important strategic task. China has built up a strategic partnership with the 10-member ASEAN since 2003, and also with some of its members, one after another…

This article was also very noteworthy to this blogger because it highlighted some interesting issues arising in ASEAN and the future of the geopolitical situation in said region. The author, “an Assistant Professor of the Institute of International Studies at Fudan University,” Dr Jian Junbo, provides fascinating insights into the possible role of China in the Asia-Pacific region in the coming years:

China should help ensure regional public security with its growing military capability. Beijing should be broader-minded than its neighbors in regard to the use of its military to maintain regional stability by fighting piracy, terrorism and other international crimes in the Pacific Ocean. Instead of flexing its military muscle in territorial disputes, China should encourage political, economic and cultural integration in East and Southeast Asia. All in all, China should reshape its Asia strategy with an aim to functioning as a stabilizing force, while maintaining its strategy to keep a balance with the influence of the US in this region…

This blogger strongly encourages readers to click upon the hyperlinks noted above to read this incisive article in detail.

As economic and cultural integration increases in ASEAN, the so-called BRICS countries, the Asia-Pacific region, and the United States of America it stands to reason that further economic development will occur exponentially as a result of the current economic “cross-pollination” phenomenon which is happening at a rather rapid rate in the Pacific compared to roughly 10 years ago. As the economies of Greater Asia continue to prosper there are some who could argue that many financial and economic benefits will be accrued to the benefit of all concerned.

– Benjamin Walter Hart

For information about registering a company in America please see: US Company Registration.

For information pertaining to legal services in Southeast Asia please see: Legal.

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7th August 2011

It recently came to this blogger’s attention that financial and economic analysts in China are rather pessimistic regarding the prospects of the American financial system in its present form. In order to provide further insight into these developments it is necessary to quote directly from the CNBC website, CNBC.com:

The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating. In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.” Dagong made headlines last week when it became the first rating agency to cut its U.S. credit rating from “A+” to “A” after policymakers in Washington failed to act in a timely manner to lift its debt celing…[sic]

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this article in detail.

It is this blogger’s opinion that although the American economy is in a rather precarious position as of the time of this writing, the one attribute most notable about said economy is her ability to recover and thrive even after a significant downturn. How the American economy and the United States dollar will fare moving forward remains to be seen, but it is clear that many in Asia monitor such developments closely as economic conditions in the United States can have implications for the Asia-Pacific region, the so-called BRICS countries, and the Association of Southeast Asian Nations (ASEAN).

In news directly pertaining to the Kingdom of Thailand and the Association of Southeast Asian Nations (ASEAN), it recently came to this blogger’s attention that officials in Thailand are attempting to provide ASEAN exposure to Thai small and medium sized businesses. To provide further information it is necessary to quote directly from the official website of the Bangkok Post, BangkokPost.com

The Thailand Plaza programme to help local small businesses gain exposure abroad needs a fresh focus with more showrooms in Asean countries, according to the Office of Small and Medium Enterprises Promotion (Osmep). The programme that originated during the Thaksin Shinawatra government focused on developed Western countries but the results were poor. The first plaza in the United States folded as the cost of maintaining the office was too high. Thailand Plazas, with a budget of 100 billion baht, are seen as having potential to become a key marketing channel for Thai small and medium enterprises (SMEs) to gain access to Asean countries. Yuthasak Supasorn, the Osmep director-general, said partners of Thai SMEs could also order products via Thailand Plaza outlets in each country.

This blogger asks readers to click upon the relevant hyperlinks noted above to read this article in detail.

As the jurisdictions which comprise the ASEAN community continue to expand economically it stands to reason that intra-ASEAN trade will be facilitated by programs like the aforementioned one noted in the quotation above. How the scheme above will ultimately be implemented remains to be seen, but clearly there is reason to believe that a program such as this could be beneficial for both ASEAN jurisdictions outside of Thailand and the overall Thai business community.

For information related to legal services in Southeast Asia please see: Legal.

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31st July 2011

It recently came to this blogger’s attention that there are increasing instances of Western commentators discussing the Pan Asia Gold Exchange (PAGE). As these discussions can have implications for the wider business community it may be prudent to quote directly from an article written by Ned Naylor Leyland and posted on the website 24hgold.com:

Today was the inauguration ceremony replete with myriad ministers and mandarins from central and regional government. This initiative is supported at the highest levels in China with SOEs as shareholders, the support of the Beijing Gold Exchange and SAFE (State Administration of Foreign Exchange). PAGE are buying into the concept that leverage has its limits and that leasing must also be carefully monitored…The biggest bombshell however, is the offer of Rmb contracts for international investors, agreed by SAFE. The international part of the Exchange’s business is expected to be available by Q4…

This blogger strongly encourages readers to click on the hyperlinks noted above to read this insightful article in detail.

Issues related to business and capital movement in the jurisdictions which comprise the Association of Southeast Asian Nations (ASEAN: Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) have been of increasing interest to those who monitor international trade and geopolitics. Meanwhile, many in the business community would appear to be anticipating how the ramifications of further business in China will impact Greater Asia and the global economy. Hopefully, these developments will be beneficial for all concerned.

In news pertaining to American immigration, it recently came to this blogger’s attention that the United States Citizenship and Immigration Service (USCIS) is apparently trying to encourage further use of the T visa. To quote directly from the Daily Journal website, DailyJournal.net:

PHILADELPHIA — Federal immigration officials are working with authorities in Philadelphia and other cities around the U.S. to try to increase the use of a special visa to help victims of human trafficking, a visa that has been underutilized since its creation nearly a decade ago. At issue is the nonimmigrant “T visa,” which U.S. Citizenship and Immigration Services officials say is an underutilized tool that can be used to help victims of human trafficking who have been brought into the country — using deception in many cases — and then used as sex slaves or forced into other types of involuntary servitude. There is a 5,000 yearly cap on the visa, which allows eligible victims and family members to stay in the country up to four years. But fewer than 5,000 have been approved in total since it was instated in 2002…

The administration of this web log asks that readers click upon the relevant hyperlinks above to read this article in detail.

Unfortunately, the scourge of human trafficking has yet to be fully eradicated in either an international or national context. Hopefully, USCIS can effect some change to this situation through astute use of the T visa noted above. Meanwhile, as noted previously on this blog, there are other agencies of the United States government taking proactive measures to decrease incidents of human trafficking. Hopefully these efforts results in tangible benefits for all people since the issue of human trafficking is something which effects everyone.

For information pertaining to legal services in Southeast Asia please see: Legal.

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5th July 2011

It recently came to this blogger’s attention that the Union of Myanmar (sometimes colloquially referred to as Burma) may soon see some new direct flights between Yangon (Rangoon) and other cities in Southern Asia, In order to provide further insight into these developments it might be prudent to quote directly from the official website of the Peoples’ Daily Online, PeopleDaily.com.cn:

Myanmar Airways International (MAI) will launch a direct flight service to link Yangon with Jakarta and Bali in November this year, the local Weekly Eleven reported Monday. Aimed at boosting bilateral trade between the two countries, the planned direct flight is prompted by the Myanmar President U Thein Sein’s recent visit to Indonesia in May this year. As part of the cooperation between the two countries in the tourism sector and for both having historic cultural heritage, beautiful scenery and beaches, Thein Sein said plan is also underway to launch Yangon-Singapore-Jakarta flights which will be finalized at the second meeting of the joint commission for bilateral cooperation to be held in Myanmar at this year-end…[sic]

The administration of this web log encourages readers to click upon the relevant hyperlinks noted above to read this story in detail.

As a member of the ten member Association of Southeast Asian Nations (ASEAN) Myanmar seems to have become increasingly integrated into the broader Southeast Asian economy. This current situation stands in rather stark contrast to that nation’s position in the relatively recent past. As mundane as airline routes may seem to the casual reader at first glance it should be noted that such events can have tremendous implications for business travelers and can also result in wholly new business opportunities as it becomes increasing less difficult to travel to a particular destination. All of the ramifications of this announcement remain to be seen, but it seems likely that there will be positive economic benefits for all of the jurisdictions concerned.

Meanwhile, in news pertaining to the United States and the United Kingdom it recently came to this blogger’s attention that London is home to a new statue honoring a former President of the United States of America. In order to shed further light upon this situation it may be best to quote directly from an article written by Ravi Somaiya and posted on the official website of The New York Times, NYTimes.com:

LONDON — Passers-by at the American Embassy, in the heart of London’s upscale Mayfair district, were greeted Monday morning by the disembodied voice of Ronald Reagan drifting through the air from large speakers — a prelude to the unveiling of a $1 million bronze statue of the former president here to commemorate the 100th anniversary of his birth…The statue of a smiling Reagan, dressed in a crisp suit, was paid for by the Ronald Reagan Presidential Foundation as part of a worldwide effort to promote his legacy, according to the organization’s executive director. Similar events have been held in the last few days in Poland, the Czech Republic and Hungary…

This blogger asks readers to click on the relevant hyperlinks above in order to read this interesting article in full.

It would appear that many around the globe feel as though President Reagan was deserving of an enduring tribute for his efforts to further the cause of international freedom. Hopefully the statue noted above will act as a long term reminder of the need to be ever vigilante in the struggle to maintain the principles of liberty and justice.

For information pertaining to legal service please see: Legal.

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28th June 2011

It recently came to this blogger’s attention that a United States Senator introduced legislation designed to engage the Association of Southeast Asian Nations (ASEAN) in a Free Trade Agreement (FTA). In order to provide further information regarding these developments it may be best to quote directly from the official website of The Nation, NationMultimedia.com:

United States Senator Richard G. Lugar, the Republican Leader of the Senate Foreign Relations Committee, today introduced legislation encouraging United States officials to initiate Free Trade Agreement (FTA) negotiations between the U.S. and the Association of Southeast Asian Nations (ASEAN), which presently accounts for the fourth largest export market of the United States. ”I am continuing my efforts to encourage the Obama Administration to announce a comprehensive and long-term strategy toward engaging ASEAN in FTA discussions,” Lugar said…

This blogger strongly encourages readers to click upon the relevant hyperlinks noted above to learn more on this story.

It is becoming increasingly apparent that the ASEAN community is likely to become more economically important in an international context as time passes. Clearly, Senator Richard Lugar’s proposed legislation will have a significant impact upon the trade relations between the United States of America and the countries which make up ASEAN (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam). Assuming appropriate circumstances, it could be surmised that the United States and the ASEAN community could share a strong trade relationship notwithstanding the growing trade between the United States and countries of the so-called BRICS grouping which includes nations such as India and China. Hopefully the business relationship between the US and ASEAN continues to thrive as these issues are discussed among relevant legislators.

In other matters pertaining to the United States Senate, it recently came to this blogger’s attention that this legislative body was also the forum in which a new UAFA-inclusive piece of immigration legislation was introduced. To provide further insight into these events it may be prudent to quote directly from the website Care2.com:

U.S. Senators introduced Wednesday the Comprehensive Immigration Reform Act of 2011 which includes the Uniting American Families Act (UAFA), legislation allowing U.S. nationals to sponsor their foreign-born same-sex partners for citizenship. The bill, introduced by Senator Robert Menendez (D-NJ) alongside Senators Harry Reid (D-NV), Patrick Leahy (D-VT), John Kerry (D-MA), Dick Durbin (D-IL) and Chuck Schumer (D-NY), has a UAFA-inclusive counterpart measure in the House as introduced by Representative Mike Honda (D-CA). LGBT groups including the Immigration Equality Action Fund praised the reintroduction of the legislation…

The administration of this web log encourages readers to click upon the hyperlinks note above to read more.

As the struggle for LGBT equality continues, legislation such as that noted above could have a significant positive impact upon the LGBT community. Importantly, the inclusion of language similar to the Uniting American Families Act (UAFA), a stand alone piece of legislation originally introduced by Representative Jerrold Nadler in the House of Representatives, would permit same sex bi-national couples to petition for American family immigration benefits similar to those routinely granted to different sex bi-national couples. Currently, the provisions of the so-called “Defense of Marriage Act” (DOMA) preclude such benefits from same sex couples even if a couple has entered into a same sex marriage in one of the sovereign American States that legalize and/or solemnize such unions. Hopefully this proposed legislation can gain traction and thereby end the current discrimination imposed upon same sex couples.

For related information please see: US Company Registration or Legal.

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4th June 2011

I have sworn on the altar of God eternal hostility against every form of tyranny over the mind of man.

–Thomas Jefferson (3rd President of the United States of America, First Secretary of State [Washington Administration])

Gay rights are human rights.

– Secretary of State Hillary Rodham Clinton (Former First Lady of the United States)

The enumeration in the Constitution of certain rights shall not be construed to deny or disparage others retained by the people.

– 9th Amendment of the United States Constitution, quoted from Wikipedia

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

– 10 Amendment of the United States Constitution, quoted from Wikipedia

It recently came to this blogger’s attention that the Federal Reserve Bank of Richmond located in the sovereign Commonwealth of Virginia has taken political criticism for flying a rainbow flag (traditionally viewed as a flag denoting support for the LGBT community and, for some, their struggle for equal protection under United States law and/or equal recognition of same sex marriage solemnized and/or legalized in one of the sovereign American States, the District of Columbia, or the Federal territories, if applicable). To quote directly from an article by Olympia Meola posted on the official website of the Richmond Times-Dispatch, TimesDispatch.com:

Del. Robert G. Marshall, R-Prince William, is asking the Richmond Federal Reserve Bank to remove the rainbow flag flying below the American flag outside of the building, calling its presence “a serious deficiency of judgment by your organization, one not limited to social issues.” In a letter to Richmond Fed President Jeffrey M. Lacker, Marshall says the homosexual behavior “celebrated” by the bank “undermines the American economy…”

The administration of this web log strongly encourages readers to click upon the relevant hyperlinks noted above to read this story in detail in order to gain further insight into this developing situation.

This blogger must pause this analysis for a moment of personal observation. It is intriguing that Delegate Marshall would seem to be trying to scapegoat some of the blame for recent economic events upon the LGBT, Lesbian, Gay, Bisexual, and Transgender (transsexual, or “third sex“), community. This blogger must retort: how could the LGBT community “undermine” America’s economy? Explain this? Especially since a great deal of economic activity that produces revenue in America comes from married couples trying to make a living, build a home, and start a family. Is it in dispute that marriage and family generate economic benefits for America? If it is not, then the only way the LGBT community could be at fault for some hypothetical economic downturn would seem to arise from the fact that they have not started families (and therefore not generated the concomitant economic activity derived therefrom) due to the fact that they cannot gain the same legal recognition of their relationships in the same way that those in different-sex relationships are able to. This is especially true in the context of same sex bi-national couples as some of these relationships are separated by thousands of miles and jurisdictional boundaries due to the fact that federal enforcement of the so-called “Defense of Marriage Act” (DOMA) does not allow a same sex bi-national couple to petition for the same US visa benefits (such as the CR1 visa or the IR1 Visa, not to mention the K1 visa which is a US fiance visa) in the same manner as a different sex couple. There are currently American federal legislators such as Representative Mike Honda and Representative Jerrold Nadler who have introduced legislation, such as the Reuniting Families Act, the Uniting American Families Act, and the Respect for Marriage Act; which would, to one degree or another, at least end the current discrimination that the bi-national LGBT community faces when trying to reunite with family in the United States of America. Apparently this Federal Reserve Bank was flying this flag pursuant to a request from another organization which appears dedicated to the cause of LGBT equality:

The flag is being flown at the request of PRISM, a Richmond Fed group representing gay, lesbian, bisexual and transgender employees and allies.

This PRISM organization should be commended for their efforts on behalf of the LGBT community, but this blogger must say that he would like to see legislation passed which provides tangible benefits to the LGBT community rather than a gesture from a private corporation which, at least ostensibly, has no role in deciding American policy toward legal recognition of LGBT relationships. Others echoed some of these sentiments, but for what are, in this blogger’s personal opinion, the wrong reasons:

Its presence also prompted mention from Victoria Cobb, president of The Family Foundation in an email release on Wednesday. Although the Federal Reserve is a private entity, it is disappointing to see it participate in this celebration,” she said.

This blogger is always a bit skeptical when a group uses the term “family” when describing themselves as it is usually an indicator that such an organization has its own idea about what the definition of “family” actually is. Concurrently, such organizations are sometimes known to attempt to foist their own paradigm or definition of family upon others who may not necessarily share the same view. Therefore, readers are asked to always conduct their own research on all aspects of such issues in order to form their own well informed opinions.

This blogger must confess that this recent display of support for LGBT equality by the Fed seems a bit disingenuous considering the timing and circumstances. It has recently been reported on some mainstream and alternative media outlets that there are currently worries growing about the state of the American economy. Meanwhile it recently came to this blogger’s attention that the government of China is reported to have diminished their position in United States Treasuries. To quote directly from an article written by Terence P. Jeffrey and posted to the website CNSNews.com:

(CNSNews.com) – China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury. Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt. Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here

Readers are strongly encouraged to click upon the relevant hyperlinks noted above to read this article in full and learn more. This situation is only brought up in the context of this posting to elucidate the fact that the Fed is currently in something of a “pickle”. This news comes upon the heels of recent announcements (noted in a previous posting on this blog) that the USA and China are set to be engaging in cooperative efforts in the context of relations with the Association of Southeast Asian Nations (ASEAN). Clearly, current American relations with China and countries in Southeast Asia are multi-facted and complex so those interested in such topics are encouraged to conduct thorough research before forming opinions on issues associated with American, Chinese, and ASEAN economic policies and relations.

It was recently reported on the website Law.com that the Federal Reserve has come under intense scrutiny from legislators such as Representative Ron Paul for current policies supposedly being maintained by the Fed. To quote directly from an insightful article written by Shannon Green and posted on the website Law.com:

The Congressman criticized the Fed for its reluctance to disclose to the public when banks are unhealthy. Paul said the Fed’s practices of protecting banks’ privacy appears to be at odds with the U.S. Securities and Exchange Commission, which is pushing companies to reveal more information.

Readers are strongly encouraged to click upon the relevant hyperlinks noted above to read this article in full to gain more context.

Whether one agrees or disagrees with positions held by the various members of House of Representatives is not really relevant to the issue of the Fed’s decision to hoist this particular flag at this particular time. Although it is certainly a commendable gesture, this blogger’s response, with all due respect, must be: why so late, and why now? If the Fed is raising the Rainbow flag because they genuinely support LGBT Equality, then great; but if this institution is simply raising this flag because of political expediency or to score some sort of “political points”, then one must ask: why? Hopefully the LGBT community will see their equal rights fully vested soon and this valid grievance will be redressed. In the meantime, this blogger hopes that the American economy will rebound from any relative downturn to find itself more vibrant and dynamic than ever, but some developments take time. For those personally impacted by the current state of affairs: it is hoped that change will come sooner rather than later.

Readers should note that in the context of same sex marriage this blogger feels that fundamentally the issue of LGBT equality is an individual rights issue as the right to enter into a consensual relationship with whomever one wishes is an inalienable natural right reserved to the People notwithstanding the Constitution, but nevertheless enshrined within the provisions of the 9th and 10th Amendments noted above. The implied right of “free association” has also long been held to provide Constitutional protection for Americans wishing to form intimate associations with others. Concurrently, this blogger feels that where sovereign States have heeded the call of their citizenry to provide government licensure of same sex marriages or marital unions, then that licensure acts as an imprimatur of sovereign recognition which, in this blogger’s opinion, cannot be negated by the federal government and must be accorded Full Faith and Credit by sister States within the Union. Those unfamiliar with the Full Faith and Credit Clause should note that Congress can make rules regarding the effect of State law upon other States, but, in this blogger’s opinion, such law cannot be made to render the States’ laws ineffective, which is the current result of the federal government’s application of some, or all, depending upon circumstance; of the provisions of the so-called “Defense of Marriage Act“. This blogger must point out that although same sex couples ought to be able to get Full Faith and Credit for those marriages solemnized and/or legalized in one of the sovereign States of the United States of America, they may not necessarily see States which do not permit same sex marriage in an intrastate context engaging in the legal procedure of divorcing same sex couples as this blogger believes that one must utilize a “horizontal vs. vertical” analysis of the Full Faith and Credit Clause in the context of same sex marriage since there is both an intrastate and interstate component to such an analysis. Such an analysis could, at times, result in a situation where a State Court permits recognition of the fact that a same sex marriage exists in another State jurisdiction, but the Full Faith and Credit Clause’s provisions may not necessarily be interpreted to mean that States should be compelled to grant same sex divorces if the public policy of the State in question does not permit State sanctioned legalization or solemnization of such unions in the first place.

On a side note, this blogger just thought of an interesting hypothetical: could a federal Court with concurrent federal jurisdiction over State territory grant divorces for same sex couples who were married in another State jurisdiction (which allows same sex marriage) if the underlying State’s public policy runs counter to the notion of granting recognition for such unions? It would currently seem that pursuant to the Erie Doctrine the US Courts under such circumstances may be prohibited from undertaking certain functions pertaining to same sex marriages if the underlying State’s law does not recognize such unions. That stated, as of the time of this writing any such analysis remains mere speculation as a broadly binding legal opinion on these issue has yet to be handed down.

Readers interested in learning more about the struggle for LGBT Equality are encouraged to check out UnitingAmericanFamilies.Net, Lez Get Real, and/or the Immigration Equality Action Fund Blog.

For further related information please see: Rainbow Flag or US Company Registration.

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30th April 2011

Over the years this blogger has seen large numbers of tourists flock to the Kingdom of Thailand as well as the neighboring nations of Laos, the Union of Myanmar (referred to by some as Burma), Malaysia, and the Kingdom of Cambodia. At the same time, this blogger has also witnessed the metamorphosis of some of these tourists into entrepreneurs by remaining in some of these countries (as well as other jurisdictions in Greater Asia such as Indonesia, Vietnam, China, Taiwan, Singapore, Hong Kong, South Korea, Nepal, Macau, India, and Sri Lanka; to name only a few) in a business context for many years and; for some, even decades or a whole lifetime. Whatever the circumstances of those Americans Resident Abroad remaining in the region of economies increasingly being labeled by both the mainstream and alternative media outlets by their affiliation with the Association of Southeast Asian Nations (ASEAN) one thing is clear: the economies of Asia are set to expand at an incredible rate by relative historical comparison. Therefore, it stands to reason that there are likely to be more Americans doing business in these jurisdictions. This state of affairs is occurring at a time when the potential of the internet and the World Wide Web first noted little more than a decade ago is beginning to become fully realized by businesses large and small. As e-commerce becomes an evermore ubiquitous facet of virtually every enterprise’s business strategy it is becoming more clear that many business functions are increasingly being performed by businesses of all sizes online and, in some cases, these businesses are even being maintained from an entrepreneur’s home.

This phenomenon is interesting for this blogger to note from the perspective of an American who is resident in Bangkok, Thailand as the Thai shop-house business model of maintaining a residence and business premises within close proximity has lead to a thriving small business community in the vast metropolis that is Greater Bangkok. This thriving business community, coupled with many of the other positive factors associated with doing business in Thailand, has lead to a vibrant economy that remains conducive to further foreign investment by entrepreneurs and businesses seeking to derive economic benefits both in Thailand and throughout the Asian markets. Of possible importance to Americans resident abroad or those thinking of residing abroad are the issues noted above as well as those associated with ownership of Thai property or Thai real estate especially in the form of a Thai Condominium.

In Thailand, as well as throughout many jurisdictions in Asia, there are restrictions placed upon foreign ownership of real estate. Although there are provisions allowing for foreign ownership of Thai property in many cases it is difficult, if not impossible, for a foreign national to secure freehold title (referred to as Chanote title in Thailand) in Thai real property such as land. However, it may be possible for a foreign national in Thailand, such as an American Citizen, to conveniently secure freehold title to a Thai Condo if the provisions of various laws and regulations on this issue, such as the Thai Condominium Act, are adhered to. Meanwhile, a foreign national who owns a Condo in Thailand may be qualified to receive a Foreign House Registration Booklet (referred to as a Tabien Baan for Thais or a Foreign Tabien Baan, or Yellow Tabien Baan for foreign nationals). Taking the aforementioned factors into consideration, in conjunction with the fact that for American Citizens and American Companies in Thailand there may be benefits pursuant to the provisions of various legal instruments such as the US-Thai Treaty of Amity which may provide the privilege of virtually 100% ownership of a Company in Thailand with “National Treatment” for certain business undertakings, one is left with little doubt that there are tangible legal benefits which could be accrued to the favor of Americans resident in Thailand conducting business in the ASEAN region as well as the regions of Greater Asia. Therefore,  investing in what this blogger would refer to as a “Thai Pad” (which non-literally alludes to the IPad-like gadgets allowing for increasingly easy real time access to the internet as well as the exponentially beneficial combination of privileges accruing to owners of Thai property registered on a Yellow Tabien Baan in conjunction with the advantages which may be had for Americans resident abroad utilizing a Thai company certified under the US-Thai Amity Treaty) could prove to have been prudent by future analysts in both tangible as well as intangible terms.

For related information please see: US Company Registration.

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13th April 2011

Those who have been reading this blog with any degree of regularity may have noticed that the economies, polities, and geopolitics of the world are in something of a state flux. This is not to say that this is either a positive or negative thing as such events occur from time to time. Therefore, astute followers of such events must be careful about making rigid predictions about how such matters will play out in the future. That being stated, it has recently come to this blogger’s attention that representatives from the so-called BRICS countries (an acronym denoting Brazil, Russia, India, China, and, now apparently, South Africa) are  having a summit. To quote directly from a concisely written article by, On Wednesday April 13, 2011, 5:37 am EDT as posted on Yahoo.com:

SANYA, China (AP) — The leaders of the world’s largest emerging economies gather this week in southern China for what could be a watershed moment in their quest for a bigger say in the global financial architecture.

Thursday’s summit comes at a crucial moment for the expanded five-member bloc known as the BRICS, which groups Brazil, Russia, India, China, and, for the first time, South Africa.

Chinese President Hu Jintao, Brazilian President Dilma Rousseff, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh and South African President Jacob Zuma will attend.

With the G-20 group of major economies seeking to remake parts of the global financial architecture, it’s time for the BRICS to test whether they can overcome internal differences and act as a bloc pursuing common interests.

The ramifications of this meeting could prove historic as the countries noted above, along with those that comprise the Association of Southeast Asian Nations (ASEAN), appear on track to become increasingly economically dynamic in the forthcoming years.     While reading this article, this blogger was especially impressed by this writer’s insightful analysis of the characteristics of the BRICS countries. To continue quoting directly from the aforementioned article:

The five countries are loosely joined by their common status as major fast-growing economies that have been traditionally underrepresented in world economic bodies, such as the International Monetary Fund and the World Bank.

All broadly support free trade and oppose protectionism, although China in particular has been accused of erecting barriers to foreign competition. In foreign affairs, they tend toward nonintervention and oppose the use of force: Of the five, only South Africa voted in favor of the Libyan no-fly zone.

At the time of this writing, the summit noted above would appear to be geared mainly toward economic matters or matters pertaining to the economic realm, but how increasing ties among these nations could impact affairs playing out in the international political arena remains to be seen.

On a related note, Stock Exchanges in some of the Nations which compose the Association of Southeast Asian Nations (ASEAN), including Thailand, have recently announced collaborations apparently referred to as ASEAN Brand Identity, an ASEAN Exchanges website, and ASEAN Stars. In following up on that story it would appear that the ASEAN Exchanges website is now live, to quote directly from the website AsiaToday.com:

Launched today was the ASEAN Exchanges website (www.aseanexchanges.org) that will feature the ASEAN Stars and other ASEAN centric products and initiatives giving investors an integrated single-window view into the ASEAN capital market; a market that has a combined market capitalisation of approximately USD1.8 trillion and participation of more than 3,000 companies. Some of these companies are the largest and most dynamic companies in the world including leaders in finance and banking, telecommunications, commodities, automotive manufacturing and other industrial sectors.

The administration of this blog highly recommends that readers click upon the hyperlinks above to learn more details about these issues and the various exchanges within the ASEAN region as the whole Southeast Asia area is quickly becoming a vibrant economic force both on a regional and global level.

Meanwhile, it should be noted that the nation of Laos has recently brought a Lao stock exchange online while Cambodia appears poised to take the same steps soon. Even the developing Union of Myanmar (referred to by some as Burma) has signaled interest in the opening of a Myanmar stock exchange. Whether such a development comes to pass remains to be seen. What is clear is that economic relationships are becoming increasingly stratified as economically dictated by the interests of the players in each of the markets of the world. Those interested in such matters are highly encouraged to conduct their own research and come to their own informed conclusions.

For related information please see: US Company Registration or Company in Thailand.

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