REAGANOMICS

Reaganomics refers to the economic policies promoted by the U.S. President Ronald Reagan during the 1980s. The four pillars of Reagan's economic policy were to:
1. Reduce government spending,
2. Reduce income and capital gains marginal tax rates,
3. Reduce government regulation,
4. Control the money supply to reduce inflation.
In his stated intention to increase domestic spending while lowering taxes, Reagan's approach was a departure from his immediate predecessors. Reagan enacted lower marginal tax rates in conjunction with simplified income tax codes and continued deregulation. GREEN DAM INITIATIVE  Green Dam Youth Escort also dubbed as the Filtering Bully is content-control software developed in the People's Republic of China (PRC). it is mandatory to have the software, on all new personal computers sold in Mainland China, including those imported from abroad  The software is specifically aimed at restricting online pornography but could be used for other purposes. Green Dam Youth Escort automatically downloads the latest updates of a list of prohibited sites from an online database, and also collects private user data  The government had announced in May that all computers sold in the country after July 1 would have to carry a software programme called the Green Dam Youth Escort which would block access to a range of websites.  As of 30 June 2009, the mandatory pre-installation of the Green Dam software on new computers has been delayed to an undetermined date. MINI PRAVASI BHARATIYA DIVAS IN HAGUE  With a view to involving Indians living in Europe, the Indian government has decided to hold the next mini Pravasi Bharatiya Divas in The Hague on September 19.  The convention is expected to bring together the Indians to discuss their role in enhancing India-Europe cooperation, understand the opportunities and challenges faced by them in culture, heritage and tradition, as also trade and investment opportunities in India. Some dignitaries from Netherlands are expected to take part in the event. COUP IN HONDURAS Condemning the toppling of Honduras, a banana republic, President Manuel Zelaya by the military, Cuban Ambassador to India Miguel Angel Ramirez Ramos said that his country would do everything to ensure that the democratically elected president was returned to power. BANANA REPUBLICS Banana Republic is a pejorative term for a country that is politically unstable, dependent on limited agriculture (e.g. bananas), and ruled by a small, self-elected, wealthy, and corrupt clique. It is most commonly used for countries in Central America and Africa such as El Salvador, Belize, Grenada, Nicaragua, Honduras, Guatemala, Ethiopia.