Thanong

Thanong Khanthong
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Friday , February 11 , 2011

A diabolical plot on the Cambodian border

Posted by Thanong , Reader : 1916 , 08:57:33

Feb 11, 2011A diabolical plot on the Cambodian borderBy Thanong KhanthongThe NationPublished on February 11, 2011 It looks like a cat-and-mouse game again as Prime Minister Abhisit Vejjajiva is facing two wars ...One at the Cambodian border and the other on Rajadamnoen Road at the back of the Government House. The yellow shirts and the red shirts are now going after the Democrat-led government in ear....

Feb 11, 2011A diabolical plot on the Cambodian borderBy Thanong KhanthongThe NationPublished on February 11, 2011 It looks like a cat-and-mouse game again as Prime Minister Abhisit Vejjajiva is facing two wars ...One at the Cambodian border and the other on Rajadamnoen Road at the back of the Government House. The yellow shirts and the red shirts are now going after the Democrat-led government in ear....

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Tuesday , February 8 , 2011

Ikes Dominos

Posted by Thanong , Reader : 1474 , 10:23:58

Feb 8, 2011Would the uprising in Egypt spark off a domino effect in the Arab world? The Domino Theory appears to be in vogue now. But first let's go back to Ike:In a 1954 news conference, President Dwight D. Eisenhower presented "Domino Theory" to the reporters transcribing his remarks. Ike's description was as follows:You have a row of dominoes set up, you knock over the first one, and wha....

Feb 8, 2011Would the uprising in Egypt spark off a domino effect in the Arab world? The Domino Theory appears to be in vogue now. But first let's go back to Ike:In a 1954 news conference, President Dwight D. Eisenhower presented "Domino Theory" to the reporters transcribing his remarks. Ike's description was as follows:You have a row of dominoes set up, you knock over the first one, and wha....

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Friday , February 4 , 2011

Ignore the man on the street at your peril

Posted by Thanong , Reader : 1561 , 11:55:59

Feb 4, 2011The Egyptian crisis is the direct result of economic neglect of the people; dictators and authoritarian regimes everywhere: be warnedThe social and political upheaval in Egypt has further intensified and looks unlikely to end soon. The regime of President Hosni Mubarak is trying to cling on to power to the last minute. Fighting and violent clashes are going on between protesters and allege....

Feb 4, 2011The Egyptian crisis is the direct result of economic neglect of the people; dictators and authoritarian regimes everywhere: be warnedThe social and political upheaval in Egypt has further intensified and looks unlikely to end soon. The regime of President Hosni Mubarak is trying to cling on to power to the last minute. Fighting and violent clashes are going on between protesters and allege....

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A flawed model of growth and stability

Posted by Thanong , Reader : 1323 , 10:40:21

A flawed model of growth and stabilityBy Thanong KhanthongThe NationPublished on February 4, 2011 The mandate of central banks around the world is to nurture economic growth and stability. Although some central banks have embraced inflation targeting as their prime objective in monetary management, they can't help, in practice, becoming a quiet cheerleader for economic growth, which creates employmen....

A flawed model of growth and stabilityBy Thanong KhanthongThe NationPublished on February 4, 2011 The mandate of central banks around the world is to nurture economic growth and stability. Although some central banks have embraced inflation targeting as their prime objective in monetary management, they can't help, in practice, becoming a quiet cheerleader for economic growth, which creates employmen....

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Sunday , January 30 , 2011

Luangta Mahabua -- the revered monk of our time

Posted by Thanong , Reader : 1420 , 10:34:59

Jan 30, 2011Luangta Mahabua, one of the revered monks of Suvarnabhumi, has passed away. He was 98 years old. Luangta Mahabua's last wish: Every satang must go to the public (BOT). In 1998 at the height of the Thai financial crisis, Luangta Mahabua campaigned for financial & economic stability through gold reserves.Thailand had entered the IMF support programme. We had no forex reserves after dev....

Jan 30, 2011Luangta Mahabua, one of the revered monks of Suvarnabhumi, has passed away. He was 98 years old. Luangta Mahabua's last wish: Every satang must go to the public (BOT). In 1998 at the height of the Thai financial crisis, Luangta Mahabua campaigned for financial & economic stability through gold reserves.Thailand had entered the IMF support programme. We had no forex reserves after dev....

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Friday , January 28 , 2011

Reds and yellows could even unite to force out Abhisit

Posted by Thanong , Reader : 1415 , 00:54:29

Reds and yellows could even unite to force out AbhisitBy Thanong KhanthongThe NationPublished on January 28, 2011 Warin Buaviratlert, a well-known astrologer from Chiang Mai, has created quite a stir with his prediction of the political upheavals ahead (see www.manager.co.th/Home/ViewNews.aspx?NewsID). He said that if street rallies by the red and yellow shirts are allowed to drag on, they could lea....

Reds and yellows could even unite to force out AbhisitBy Thanong KhanthongThe NationPublished on January 28, 2011 Warin Buaviratlert, a well-known astrologer from Chiang Mai, has created quite a stir with his prediction of the political upheavals ahead (see www.manager.co.th/Home/ViewNews.aspx?NewsID). He said that if street rallies by the red and yellow shirts are allowed to drag on, they could lea....

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Wednesday , January 26 , 2011

The dollar is losing its shine

Posted by Thanong , Reader : 1302 , 23:32:56

Jan 26, 2011The chart below is the US dollar index, which is a measure of the US dollar value against other fiat currencies. It has broken below key support of 78.50. the Dollar Index is now trading below its blue 50-day moving average.Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/25_Richard_Russell_-_Get_Out_of_Your_Dollar_Assets_Now!.html"The 50-day, in turn, is be....

Jan 26, 2011The chart below is the US dollar index, which is a measure of the US dollar value against other fiat currencies. It has broken below key support of 78.50. the Dollar Index is now trading below its blue 50-day moving average.Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/25_Richard_Russell_-_Get_Out_of_Your_Dollar_Assets_Now!.html"The 50-day, in turn, is be....

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Monday , January 24 , 2011

Where is the borderline?

Posted by Thanong , Reader : 1394 , 07:21:46

Jan 24, 2010If it is unclear whether the seven Thais were arrested by the Cambodian soldiers on the Thai or Cambodian territories, why did the Thai government do nothing to apply pressure on Phnom Pench?On Sunday, Abhisit stood before a backdrop showing an aerial map of the contentious area where the Thais were detained. The Nation reported today that the PM "avoided proclaiming if the Thais wer....

Jan 24, 2010If it is unclear whether the seven Thais were arrested by the Cambodian soldiers on the Thai or Cambodian territories, why did the Thai government do nothing to apply pressure on Phnom Pench?On Sunday, Abhisit stood before a backdrop showing an aerial map of the contentious area where the Thais were detained. The Nation reported today that the PM "avoided proclaiming if the Thais wer....

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Saturday , January 22 , 2011

A trillion here, and a trillion there

Posted by Thanong , Reader : 1395 , 09:45:23

Jan 22, 2011A trillion here, and a trillion there...US policymakers are now looking at ways to allow states to file bankruptcies because they no longer can shoulder the debt load. If the US states were to go bankrupt, what would be the consequence? The New York Times reported: http://www.nytimes.com/2011/01/21/business/economy/21bankruptcy.html?_r=3&src=busln"Policymakers are working behind ....

Jan 22, 2011A trillion here, and a trillion there...US policymakers are now looking at ways to allow states to file bankruptcies because they no longer can shoulder the debt load. If the US states were to go bankrupt, what would be the consequence? The New York Times reported: http://www.nytimes.com/2011/01/21/business/economy/21bankruptcy.html?_r=3&src=busln"Policymakers are working behind ....

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Thursday , January 20 , 2011

The chickens are coming home to roost

Posted by Thanong , Reader : 1365 , 16:03:41

January 20, 2011 By Thanong KhanthongThe chickens are coming home to roostIt doesn’t matter whether it is a democratic regime, a socialist regime or a dictatorship. Social unrest will overthrow any government if it fails to curb inflation. The bad news is that runaway inflation – and later on, hyperinflation – has taken hold. With a sharp rise in the food index and very little room to rein in prices....

January 20, 2011 By Thanong KhanthongThe chickens are coming home to roostIt doesn’t matter whether it is a democratic regime, a socialist regime or a dictatorship. Social unrest will overthrow any government if it fails to curb inflation. The bad news is that runaway inflation – and later on, hyperinflation – has taken hold. With a sharp rise in the food index and very little room to rein in prices....

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Wednesday , January 19 , 2011

Hyperinflation is warming up

Posted by Thanong , Reader : 1332 , 20:47:52

January 19, 2011Inflation is starting to ravage the developing countries. Although the crisis may start in the United States and Europe, the spill-over effect is now going on like wildfire. With a sharp rise in commodity prices, the poor are facing the pinch. They can't do anything except, starting a social unrest."Last week, dictatorships in three Islamic nations faced a common global enemy — i....

January 19, 2011Inflation is starting to ravage the developing countries. Although the crisis may start in the United States and Europe, the spill-over effect is now going on like wildfire. With a sharp rise in commodity prices, the poor are facing the pinch. They can't do anything except, starting a social unrest."Last week, dictatorships in three Islamic nations faced a common global enemy — i....

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Tuesday , January 18 , 2011

Debt crisis wont go away

Posted by Thanong , Reader : 1295 , 18:14:54

Jan 18, 2011The debt crisis is deepening and accelerating in the US municipal bond market. More than 100 US cities might default on their bond obligations this year. Following the collapse of the economic bubbles, states and cities can't raise enough tax revenues to refinance their debt or to maintain the public service.The US cities have been living beyond their means by far. And the day of reckonin....

Jan 18, 2011The debt crisis is deepening and accelerating in the US municipal bond market. More than 100 US cities might default on their bond obligations this year. Following the collapse of the economic bubbles, states and cities can't raise enough tax revenues to refinance their debt or to maintain the public service.The US cities have been living beyond their means by far. And the day of reckonin....

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Monday , January 17 , 2011

Fed monetisation of securities

Posted by Thanong , Reader : 1337 , 22:10:24

January 17, 2011The S&P 500 Index has risen in almost perfect correlation with the Federal Reserve's money printing. Watch the chart below:Source: Free Gold Money Report (Hyperinflation Watch -- Jan 15, 2010)"The S&P Index and other stock indices like the Dow Jones Industrial Average are not rising because of better economic conditions or an improved outlook for economic activity," ....

January 17, 2011The S&P 500 Index has risen in almost perfect correlation with the Federal Reserve's money printing. Watch the chart below:Source: Free Gold Money Report (Hyperinflation Watch -- Jan 15, 2010)"The S&P Index and other stock indices like the Dow Jones Industrial Average are not rising because of better economic conditions or an improved outlook for economic activity," ....

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Saturday , November 27 , 2010

Russia & China walk away from US dollar

Posted by Thanong , Reader : 1547 , 20:45:46

November 27, 2010Earlier this week at St. Petersburg, Russia, China and Russia made a historic move. They decided to use their own currencies for bilateral trade instead of relying on the US dollar.Premier Wen Jiabao and his Russian counterpart Vladimir Putin made the announcement as the two superpowers sought to deal with the US quantitative easing 2, which is debasing the value of the dollar. Both ....

November 27, 2010Earlier this week at St. Petersburg, Russia, China and Russia made a historic move. They decided to use their own currencies for bilateral trade instead of relying on the US dollar.Premier Wen Jiabao and his Russian counterpart Vladimir Putin made the announcement as the two superpowers sought to deal with the US quantitative easing 2, which is debasing the value of the dollar. Both ....

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Monday , November 15 , 2010

Where is Suu Kyis bargining power?

Posted by Thanong , Reader : 1283 , 14:57:39

Nov 15, 2010From my Tweets today.Yesterday I had a strange dream. Aung San Suu Kyi was speaking before her crowd amid the scorching sun. The shadows of her supporters appeared on the ground.Strangely enough, I did not see Suu Kyi's shadow. Back to reality, on TV, Suu Kyi looked overconfident with herself after her release from the house arrest. I am worried for this sense of overconfidence.The shadow....

Nov 15, 2010From my Tweets today.Yesterday I had a strange dream. Aung San Suu Kyi was speaking before her crowd amid the scorching sun. The shadows of her supporters appeared on the ground.Strangely enough, I did not see Suu Kyi's shadow. Back to reality, on TV, Suu Kyi looked overconfident with herself after her release from the house arrest. I am worried for this sense of overconfidence.The shadow....

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Friday , November 12 , 2010

What if China were to counter attack by devaluing its currency further in the face of Feds QE2

Posted by Thanong , Reader : 1528 , 14:13:00

Nov 12, 2010The G-20 Summit, which is going to end today, is a showdown between the US and China. The US is trying to force China to let its yuan appreciate to rectify the global imbalances. Since China has resisted any sudden or rapid appreciation of its currency, the US resorts to ultra loose monetary policy -- zero% interest rate and QE2 -- to prop up its economy. China and the rest of the world a....

Nov 12, 2010The G-20 Summit, which is going to end today, is a showdown between the US and China. The US is trying to force China to let its yuan appreciate to rectify the global imbalances. Since China has resisted any sudden or rapid appreciation of its currency, the US resorts to ultra loose monetary policy -- zero% interest rate and QE2 -- to prop up its economy. China and the rest of the world a....

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Monday , September 13 , 2010

Chiang Mai tops the list to go if the world goes to Hell

Posted by Thanong , Reader : 9719 , 14:25:32

12 Places To Go If The World Goes To Hell Joe Weisenthal and John Carney \| Sep. 11, 2010, 8:27 AM Businessinsider.com War, oil shortages, global warming, nuclear bombs, and economic collapse... All of it seems unlikely, but don't you want to be prepared? If you have to jump on a plane (or a boat or a train or a hot air balloon) and head for safety, you want to know where in the world you should go. W....

12 Places To Go If The World Goes To Hell Joe Weisenthal and John Carney | Sep. 11, 2010, 8:27 AM Businessinsider.com War, oil shortages, global warming, nuclear bombs, and economic collapse... All of it seems unlikely, but don't you want to be prepared? If you have to jump on a plane (or a boat or a train or a hot air balloon) and head for safety, you want to know where in the world you should go. W....

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Wednesday , September 8 , 2010

The Sinabung Volcano and latest pictures

Posted by Thanong , Reader : 3138 , 08:23:11

September 8, 2010Sinabung Volcano on Sumatra has erupted again. This volcago has been dormant for the past 400 years. On Monday, it sprewed oxide materials and dark smoke into the air for up to two kilometres.The distance of Sibabung from Bangkok is 1,186 kilometres, compared to 356 kilometres for Kuala Lumpur and 625 kilometres for Singapore.wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww....

September 8, 2010Sinabung Volcano on Sumatra has erupted again. This volcago has been dormant for the past 400 years. On Monday, it sprewed oxide materials and dark smoke into the air for up to two kilometres.The distance of Sibabung from Bangkok is 1,186 kilometres, compared to 356 kilometres for Kuala Lumpur and 625 kilometres for Singapore.wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww....

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Monday , September 6 , 2010

5 Doomsday Scenarios for the U.S. Economy

Posted by Thanong , Reader : 2116 , 16:56:21

5 Doomsday Scenarios for the U.S. EconomySaturday, September 4, 2010See http://finance.yahoo.com/family-home/article/110581/5-doomsday-scenarios-for-the-us-economyIt's been a brutal summer for the economy. The housing sector, like a balloon batted in the air one last time by the government credit, resumed its inevitable fall. Economic growth slowed to a lead-footed 1.6 percent, and job growth is even....

5 Doomsday Scenarios for the U.S. EconomySaturday, September 4, 2010See http://finance.yahoo.com/family-home/article/110581/5-doomsday-scenarios-for-the-us-economyIt's been a brutal summer for the economy. The housing sector, like a balloon batted in the air one last time by the government credit, resumed its inevitable fall. Economic growth slowed to a lead-footed 1.6 percent, and job growth is even....

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Saturday , September 4 , 2010

We reap what we sow in the form of natural disasters

Posted by Thanong , Reader : 1657 , 08:42:17

We reap what we sow in the form of natural disastersBy Thanong KhanthongThe NationPublished on September 3, 2010 The governors of North Carolina, Virginia and Maryland have declared states of emergency as Hurricane Earl whirled into a powerful Category 4 storm and barrelled towards the east coast of the United States, packing winds of around 225 kilometres per hour. The highest storm category is 5, ....

We reap what we sow in the form of natural disastersBy Thanong KhanthongThe NationPublished on September 3, 2010 The governors of North Carolina, Virginia and Maryland have declared states of emergency as Hurricane Earl whirled into a powerful Category 4 storm and barrelled towards the east coast of the United States, packing winds of around 225 kilometres per hour. The highest storm category is 5, ....

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Friday , September 3 , 2010

God did not create the universe -- Nature did

Posted by Thanong , Reader : 1780 , 07:48:02

God did not create the universe and the "Big Bang" was an inevitable consequence of the laws of physics, the eminent British theoretical physicist Stephen Hawking argues in a new book, according to Reuters.In "The Grand Design," co-authored with U.S. physicist Leonard Mlodinow, Hawking says a new series of theories made a creator of the universe redundant, according to the Times n....

God did not create the universe and the "Big Bang" was an inevitable consequence of the laws of physics, the eminent British theoretical physicist Stephen Hawking argues in a new book, according to Reuters.In "The Grand Design," co-authored with U.S. physicist Leonard Mlodinow, Hawking says a new series of theories made a creator of the universe redundant, according to the Times n....

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Monday , August 30 , 2010

Mullen: National Debt is a Security Threat

Posted by Thanong , Reader : 2460 , 21:34:18

Mullen: National Debt is a Security Threathttp://georgewashington2.blogspot.com/2010/08/chairman-of-joint-chiefs-pentagon-must.htmlThe national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff.Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders i....

Mullen: National Debt is a Security Threathttp://georgewashington2.blogspot.com/2010/08/chairman-of-joint-chiefs-pentagon-must.htmlThe national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff.Tax payers will be paying around $600 billion in interest on the national debt by 2012, the chairman told students and local leaders i....

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Sunday , August 29 , 2010

No prescriptions yet for US economic ills

Posted by Thanong , Reader : 1514 , 18:46:03

From marketwatch http://www.marketwatch.com/story/jackson-hole-dispute-more-economic-medicine-2010-08-29The U.S. economy is looking sick and the doctors are bickering about what, if anything, to do. That is the bottom-line conclusion from conversations at the Federal Reserve's annual policy retreat in Jackson Hole. One year ago, there was relief here that the worst of the financial crisis appeared to....

From marketwatch http://www.marketwatch.com/story/jackson-hole-dispute-more-economic-medicine-2010-08-29The U.S. economy is looking sick and the doctors are bickering about what, if anything, to do. That is the bottom-line conclusion from conversations at the Federal Reserve's annual policy retreat in Jackson Hole. One year ago, there was relief here that the worst of the financial crisis appeared to....

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Friday , August 27 , 2010

The Age of Maitreya has already arrived

Posted by Thanong , Reader : 2199 , 19:03:15

The age of Maitreya has arrivedBy Thanong KhanthongPublished on August 27, 2010 ACCORDING to Buddhist cosmology, the Buddha's teaching will last 5,000 years before it goes into extinction. Then we will see the arrival of another Buddha to start a new cycle. However, this Buddha's teaching actually lasted 2,000 years. But with the baramee (reserved power and dignity) of Ananda, who was a faithful disc....

The age of Maitreya has arrivedBy Thanong KhanthongPublished on August 27, 2010 ACCORDING to Buddhist cosmology, the Buddha's teaching will last 5,000 years before it goes into extinction. Then we will see the arrival of another Buddha to start a new cycle. However, this Buddha's teaching actually lasted 2,000 years. But with the baramee (reserved power and dignity) of Ananda, who was a faithful disc....

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Wednesday , August 25 , 2010

From Russia With(out) Love

Posted by Thanong , Reader : 1511 , 12:20:41

August 25, 2010The fate of Russian arms dealer Viktor Bout is hanging in the balance. A hot line from Moscow has rung up in Bangkok trying to block an extradition of Bout to the US, which would put him on a trial on terrorism charges.Amid press speculation over whether US-bound Russian arms dealer Viktor Bout was flown out of Thailand last night to face a US indictment against him on terrorism charge....

August 25, 2010The fate of Russian arms dealer Viktor Bout is hanging in the balance. A hot line from Moscow has rung up in Bangkok trying to block an extradition of Bout to the US, which would put him on a trial on terrorism charges.Amid press speculation over whether US-bound Russian arms dealer Viktor Bout was flown out of Thailand last night to face a US indictment against him on terrorism charge....

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Monday , August 23 , 2010

The wealth of the US middle class is an illusion

Posted by Thanong , Reader : 2993 , 17:03:12

August 23, 2010The wealth of the US middle class is an illusion. Read a feature article in Spiegel Online International to find out more about inequality in the American Dream. http://www.spiegel.de/international/world/0,1518,712496-2,00.htmlThe boom in stocks and real estate, the country's wild borrowing spree and its excessive consumer spending have long masked the fact that the overwhelming majori....

August 23, 2010The wealth of the US middle class is an illusion. Read a feature article in Spiegel Online International to find out more about inequality in the American Dream. http://www.spiegel.de/international/world/0,1518,712496-2,00.htmlThe boom in stocks and real estate, the country's wild borrowing spree and its excessive consumer spending have long masked the fact that the overwhelming majori....

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Sunday , August 22 , 2010

Paper and Ink would Drown US all.

Posted by Thanong , Reader : 1571 , 07:42:27

Paper and Ink Would Drown Us AllAugust 22, 2010There are two major aspects of capitalism. One involves industrial production, the other financial activities. Over the course of the development of global capitalism, money or paper assets have grown more than industrial production by several folds. In short, there are more paper assets than industrial production. This means that we're in a super, super....

Paper and Ink Would Drown Us AllAugust 22, 2010There are two major aspects of capitalism. One involves industrial production, the other financial activities. Over the course of the development of global capitalism, money or paper assets have grown more than industrial production by several folds. In short, there are more paper assets than industrial production. This means that we're in a super, super....

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Saturday , August 21 , 2010

We're headed for the greatest Depression

Posted by Thanong , Reader : 1802 , 12:33:03

Saturday,August 21. 2010From Yahoo!Financehttp://finance.yahoo.com/tech-ticker/article/535350/And-Now-Were-Headed-For-The-GREATEST-Depression%2C-Says-Gerald-CelenteThe fake "recovery" was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun's over, and we're headed for what Celente describes as the "Greatest ....

Saturday,August 21. 2010From Yahoo!Financehttp://finance.yahoo.com/tech-ticker/article/535350/And-Now-Were-Headed-For-The-GREATEST-Depression%2C-Says-Gerald-CelenteThe fake "recovery" was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun's over, and we're headed for what Celente describes as the "Greatest ....

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Friday , August 20 , 2010

The Rise and Fall of the Dollar Empire

Posted by Thanong , Reader : 1805 , 13:03:49

The rise and fall of the dollar empireBy Thanong KhanthongThe NationPublished on August 20, 2010 PAUL Craig Roberts has just written an interesting article on infowars.com on why America is disintegrating. The article is entitled "Ecstasy of Empire". Roberts is the father of "Reaganomics" and the former head of policy at the US Treasury Department. He was previously an editor for ....

The rise and fall of the dollar empireBy Thanong KhanthongThe NationPublished on August 20, 2010 PAUL Craig Roberts has just written an interesting article on infowars.com on why America is disintegrating. The article is entitled "Ecstasy of Empire". Roberts is the father of "Reaganomics" and the former head of policy at the US Treasury Department. He was previously an editor for ....

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Wednesday , August 18 , 2010

Bureaucratic outlays burden budget

Posted by Thanong , Reader : 2084 , 13:10:04

Bureaucratic outlays burden budgetBy Thanong KhanthongPublished on August 18, 2010 Little money left for development projects despite huge revenue rise; Pheu Thai to oppose bill Analysts say public finances look increasingly unsustainable under the burden of fixed or mandatory spending to maintain a bloated bureaucracy - as the opposition Pheu Thai Party plans to vote down the Budget Bill this week f....

Bureaucratic outlays burden budgetBy Thanong KhanthongPublished on August 18, 2010 Little money left for development projects despite huge revenue rise; Pheu Thai to oppose bill Analysts say public finances look increasingly unsustainable under the burden of fixed or mandatory spending to maintain a bloated bureaucracy - as the opposition Pheu Thai Party plans to vote down the Budget Bill this week f....

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