Wednesday, February 26, 2014

Google ordered to remove anti-Islamic film from YouTube

Visitors stand in front of a logo of YouTube at the YouTube Space Tokyo, operated by Google, in Tokyo …


(Reuters) - A U.S. appeals court on Wednesday ordered Google Inc to remove from its YouTube video-sharing website an anti-Islamic film that had sparked protests across the Muslim world. By a 2-1 vote, a panel of the 9th U.S. Circuit Court of Appeals on Wednesday rejected Google's assertion that the removal of the film "Innocence of Muslims," amounted to a prior restraint of speech that violated the U.S. Constitution.
The plaintiff, Cindy Lee Garcia, had objected to the film after learning that it incorporated a clip she had made for a different movie, which had been partially dubbed and in which she appeared to be asking: "Is your Mohammed a child molester?"
Representatives for Google could not immediately be reached for comment.
Cris Armenta, a lawyer for Garcia, said she is delighted with the decision.
"Ordering YouTube and Google to take down the film was the right thing to do," Armenta said in an email. "The propaganda film differs so radically from anything that Ms. Garcia could have imagined when the director told her that she was being cast in the innocent adventure film."
The controversial film, billed as a film trailer, depicted the Prophet Mohammed as a fool and a sexual deviant. It sparked a torrent of anti-American unrest among Muslims in Egypt, Libya and other countries in 2012.
That outbreak coincided with an attack on U.S. diplomatic facilities in Benghazi that killed four Americans, including the U.S. ambassador to Libya. U.S. and other foreign embassies were also stormed in the Middle East, Asia and Africa.
For many Muslims, any depiction of the prophet is considered blasphemous.
Google had refused to remove the film from YouTube, despite pressure from the White House and others, though it blocked the trailer in Egypt, Libya and certain other countries.
Garcia had claimed that her performance within the film was independently copyrightable and that she retained an interest in that copyright. A lower court had refused her request that Google remove the film from YouTube.
But in Wednesday's decision, 9th Circuit Chief Judge Alex Kozinski said Garcia was likely to prevail on her copyright claim and having already faced "serious threats against her life," faced irreparable harm absent an injunction.
He called it a rare and troubling case, given how Garcia had been duped. "It's disappointing, though perhaps not surprising, that Garcia needed to sue in order to protect herself and her rights," he wrote.
The case Garcia vs. Google Inc et al., 9th U.S. Circuit Court of Appeals, No. 12-57302.

Saturday, February 8, 2014

Tom, Dick & Harry of cricketing World - BIG 3




India, Australia & England has become Tom , Dick and Harry of the cricket world. A sports which always remained controversial due to corruption in the face of spot fixing, fancy fixing and match fixing.Sports where mostly playing nations board like West Indies, Zimbabwe, Bangladesh don't have enough gosh for running its operations smoothly, where Boards price are some pennies, for which they can easily be sold out by Bookies.We can see example of other popular sports like football, tennis & rugby where their is no Capitalist board involve in the decision making process of its International Body of the concern sports.Whereas in Cricket, we are facing DADA-GIRI of two preempt boards Australia - England because of their financial stability.In recent years with the help of its biggest Match fixing market in the world, India has emerged as prominent power of Cricket also defeating its fathers Australia & England & is going to become monarch of Cricket.If money matters lot, then in future boards like UAE & China will also be part of leading ICC.
We might see G7 or G10 as in United Nations.Before the BIG 3 resolution was passed three boards were united against these 3 Idiots but South Africa who was always remained chokers has proved to be choker again and signed the resolution in favor of 3 Idiots after receiving coddle from India.However Pakistan and
Srilanka remained wall against these churl 3 Idiots propaganda despite of their financial problem by compelling them & its constituent through bluster that they will not allow any TOM, DICK and HARRY to make contest in the gentlemen game.On other hand, boards like Bangladesh & Newzealand were clamouring for money & to coddle them India offered lully Pop (Comely Compact) to them in return they promised to consign their vote to Cricket's 3 IDIOTS.
I think the consternation should be removed immediately & World Sports forum should intervene between the matter and solve it.Otherwise their will be no chance of fair game in cricket like we have seen in IPL recently.

Monday, February 3, 2014

Mansha going to buy BURJ Bank & PIA

Karachi- Routers, A well known businessman & Owner of MCB Mian Mansha is interested in buying PIA and also he is going to buy Islamic Bank BURJ BANK. MCB's Islamic window is going to shut its operations soon and most probably it will merge with BURJ Bank under full-fledged Islamic bank logo.


Our sources inside MCB Tower said that backdoor talks between BURJ and MCB Officials are in the process and most probably MCB will buy BURJ in couples of months.

Mian Mansha has named as best underwear friend of Mian Muhammad Nawaz Sharif (Prime Minister of Pakistan) also going to buy holding shares of PIA from government.

We Humari News team are prescribing their critics who are thinking it as false news, can bookmark this news and wait for privatization of PIA.

MCB is also hiring top guns of MEEZAN BANK ltd for running its new upcoming Islamic Bank.For weakening Meezan Bank's market share Mansha through his links inside PM house requested to make Mufti Taqi Usmani as Shariah Advisor of State Bank of Pakistan.After which he will work for MCB or BURJ Bank.

Sunday, December 29, 2013

Most Expensive Celebrities in Pakistan’s Drama Industry

Turning into an actor and cashing your skills the best seems one of the easiest ways to become rich. However, like any other profession, even this one demands much of your time, hard work and talent, especially when you are newly launched.
Now that our television industry has groomed a lot and is now enjoying a huge viewership not only within the country but all over the world, our artists seem wise enough to cash their talent the best they can. Out of many popular celebrities who are considered as an expensive actor to afford, here are the top 5 actors who are demanding high packages from producers.
aaa

1)      Fawad Khan

Fawad_afzal_khan_image_18
Is it really shocking to find this out? Fawad Khan has turned into a leading actor after his blockbuster hits like ‘Humsafar’ and ‘Zindagi Gulzar Hai’. As per the resources, he tops the list of most expensive actors in Pakistani film Industry.

2)      Faisal Qureshi

tumblr_m9bdhhDXPj1rzzu7ho1_500

Faisal Qureshi and Humayun Saeed can be considered as the real heroes of this revival of drama industry who are cherished by the Pakistani audience for whatever role they are seen in.  Faisal, after realizing his real worth in this field has also increased his rates and has been lately choosing the projects on the basis of packages been offered.

3)      Mikaal Zulfiqar

mekaal_54
Either it is his luck or his good looks which have contributed largely in turning this model a real actor. Besides the fact that he is considered to be an important player in the showbiz industry, the fact persists that there are people who do not find themselves convinced with his acting skills!
Following the footsteps of Fawad Khan, Mikaal has too increased his worth and now demands six digit packages.

4)      Sajal Ali

sajal
Now this one has literally shocked me. This young actress is currently considered to be an expensive actress at the moment.  It was previously that I shared a news stating that Sajal was receiving threats on calls in Karachi. She has officially proclaimed herself as an actress who is expensive to afford, however, regardless of her high rates, she is seen frequently on different channels, playing major roles.

5)      Saba Qamar

saba
Saba is surely a multitalented Pakistani icon who is loved by the audience regardless of factors like age, culture and location. She received a huge applause for portraying so much negativity on screen as Saman in drama serial ‘Maat’ and then playing a powerful character in dramas like ‘Na Kaho tum Mere nahi’, ‘Yahan  Pyar nahi hai’ and ‘Ullu Baraye Farukht nahi’.
She is also selecting projects on the basis of packages which are been offered currently.
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Tuesday, December 17, 2013

Prime Minister Youth loan Scheme Game Theory


Every Young gun above 21 years till 45 are planning for taking loan under the upcoming Prime Minister Youth loan Scheme for Business.Loan is comprised into various trades, starting from range between 100k to 2 million.Any Pakistani between age of 21-45 can take loan by applying through filling form & submitting Rs.100 in any NBP Bank all over Pakistan.A Gazette officer above 15 grade required to hold responsibility and attesting form.

In the 1st phase of scheme, only 100k people will be provided loans.No one is seeing towards brightest sight of scheme that for applying this scheme you have to deposit Rs100 PKR into bank in initial basis whether you 'll got loan or not.

Pakistan has above 55% youth according to recent survey of  Pakistan Bureau of Statistics
in 2013.Pakistan has almost 180 million population, so its mean 90 million are young.If we consider just 10 million people will apply for the above loan scheme than we can get the application fees amount as under

10 million multiply by Rs.100 = 1000,000,000

WOW....Hats off to the Prime Minister especially his Finance Minister Ishaq Dar. They are earning huge amount in the name of application fees.No one knows whether they will give loan to 100k people or not.
Also we have just took example of atleast 10 million people out of 180 million.Also we have not discussed interest rate on the loan.Meanwhile we can say that this tenure of Nawaz Shareef will give its cabinet a chance to make most of it due to evil policies of Ishaq Dar.

Sunday, December 8, 2013

Bungle in recruitment test by Federal Commission


Karachi (Reuters) Young people protested today outside Press Club Karachi for mismanagement in FPSC recruitment test for the post of stenographers (BS-16) on 6 December 2013 at Vocational Training Center, Jacob Line Saddar Karachi.There were 20-25 persons demanding either to give them back their test fees or take action against the invigilators who recruited test.
Candidates told Humari News that they were preparing for it about 4 months.They paid test fees plus private training fees for preparation for the test but on the day of test FPSC has done totally Bungle in recruitment process.It was all pre-planned, seats were already sold and for just completing mock process FPSC invited candidates from all over province Sindh.Persons from interior Sindh were very angry as their transportation expense gone in vain
FPSC advertised this post via different newspapers couples of months ago and then post-ponded test earlier due to some reason. Advertisement was appeared as  . Case no: F.4-101/2013-R (Adv no: 08/2013) both on papers and FPSC website.

FPSC always took heavy  fees in the name of recruitment process but did same as above many times.This is not new, but today a guy from Jacobabad tried to burn himself as a protest outside Karachi Press Club as he was claiming his test preparation and recruitment test went too much good but he can't expect anything from FPSC as they have made him fool.

According to candidates it was totally CB based test means Computer based but their were no back up generators available at test center. Test started at 12 noon and it should went to 3 'O' clock but at 2 pm they requested candidates to shut down PC's because it was time for loadshedding and they are going to start generator but their generator not started till 2:15 and they offered candidates cup of tea and took them to separate room.According to candidates they are just making fool to them and FPSC employees were not starting generators might be they are coping work of best candidates to paste it on the sheets of persons who Paid them GOSH.
Meanwhile at 2:45 they got again access to PC's where candidates again started giving test.At 3:15 they ordered all of them to stop working and told them that their is no need to print or apply password on MS EXCEL and MS WORD as both are mandatory on Question sheet, just rename the folder name with thier concern roll numbers.A guy protested on it and raised the question that it will be totally insecure & anyone can easily change the folder name with his roll number.But FPSC employees forced him out and said if he has not have any trust on their selection process that he can easily complain to Head office or can go to police station but they will not allow him to print file or apply password on file.
It was noted that FPSC Islamabad issued 4 separate blank sheet which top corner included column of Name,Roll number, Center name and Signature of the candidate which has to fill completely by candidate and then he has to print typing and software test on it but FPSC Karachi regional recruitment staff made everyone fool and took signature plus everything filled by candidates before starting of the test.
 Candidates are looking forward to file Case in Sindh High Court.

Wednesday, October 23, 2013

Real "WAAR" agaisnt India

   Said to be the most expensive Pakistani film ever to be made, WAAR the film is rumoured to be partly funded by the military, a charge denied by the film director Bilal Lashari.The film is about Pakistan's fight against terror & first time someone like Bilal Lashari has showed courage to show the world reality how India is interfering in Pakistan through its spy agency RAW. It was a big risk taken by Bilal Lashari (Director of film "Waar") as Pakistan film industry was already at the corner of danger & people are hesitating to buy tickets of every newly made lollywood film. The script revolves around a plot by 'Indian agents' to carry out the biggest ever blast in PakistanWaar opened on Wednesday on 42 screens across Pakistan and set a new record of box-office collections pertaining to Eid openings.After a first day opening of Rs 11.4 million the big budget flick earned a total of Rs 42.6 million till Friday night, breaking all previous records of Eid collections.Waar has also broken first day record set by King Khan's Chennai Express that had earned around nine million rupees on Eid-ul-Fitr .The film has received marvelous response from film critics but has been smashed by many ultra-nationalists in India who blame Pakistan for all terror or assassinations that take place in India. "Waar is a wonderful response by Bilal Lashari to those Indians who even blame Pakistan for increasing Indian Population growth" - Zaid Hamid wrote it on his twitter   Not only that, the film also showed the bitter reality that how the dreaded Pakistani Taliban is controlled by India. Sharmeen Obaid Chinoy, a three Emmy and an Oscar award-winning Pakistani-Canadian documentary filmmaker tweeted, "#waar has cliches but so do Indian movies v go 2 c- whether you like the film or not, watch it for the sake of supporting local talent and see how RAW & CIA is involving in whole scenario." Waar is a story about a retired army officer who had taken an early retirement from the forces due to personal reasons. This lead role is played by one of Pakistan's top actor Shaan.A special task force of the police is trying to tackle terrorism and none but the retired Major Ehtesham can lead such a complicated operation to get rid of the chemical bomb.The villain is a female RAW agent, who works as a social worker by day and honey-traps willing politicians by nights, and a mercenary who crosses into Pakistan from India across the LoC. The hype around the movie has ensured that theatres are packed. Though one could see occasional claps in the theatre, many also came out not impressed.
"My tuppence on #Waar: Brilliantly shot & visually appealing w/a hauntingly beautiful background score. If only the script/screenplay," Maria Memon, a senior TV anchor tweeted.  An interesting thing seen about  Waar is that It has hit Indian Population too. Indian top-notch media like Times of India is highlighting it more than any bollywood movie.
Times of India giving hype to Pakistani film Waar
 
  Waar popularity in India can be viewed by watching this long clip of 14 minutes duration- a role of gutter press by Indian News Channel
 
         



 Indian Media are covering 15-20 minutes of its Prime time in highlighting Roaring Pakistani film WAAR & if we will see Pakistani News channel they are always busy in highlighting bollywood celebrities birthday and their affairs.
According to our sources Bilal Lashari has said that Waar was ready in 2012 but due to force of external sources its release got delayed. Bilal received several threatening calls for not releasing it but Bilal Lashari said He is a true Pakistani and want to die for the sake of his homeland- if their is a truth behind anything his camera will show world exact what it is.

Pakistani Press should learn something from Waar- I must say it's true presentation of what Pakistani media should do- A real message & real foreign Policy from a film like Waar - Pakistani Journalist Tallat Hussain on his Facebook fan page

Saturday, October 5, 2013

National Testing Services NTS failure in Commonwealth Scholarship 2014

Islamabad- Sana Mirza, National Testing Services NTS corruption has been reported in recently conducted test for Commonwealth Scholarship program here in Pakistan for the year 2014.NTS arranged test in all major centers of the Country by sending Admit cards to candidates at their home.
NTS charges normally Rs.800 from the candidates as test fees. Most of the graduate & Master students always claimed NTS to be as dough Fish.This time mostly students are claiming that they have marked right choices which they are confident enough as NTS this year updated its policy & issued a carbon copy of marked answer sheet right after the test.However candidates can check & compare answers with the answer key on nts website, next day of the TEST.

NTS is totally winding up people through showing fairness via cutting seal of Exam books through any candidates, issuing multiple color books and shuffle it in the testing room and through carbon copy of answer sheets.Candidates are slagging off NTS this time by saying that they have remembered some answers which they marked 100% correct are showing wrong on Answer key at website.The carbon copy or Answer sheet has only marked options like A.B.C.D.E nothing else.You can't say anything about Question no 36 as its right option might be A or might be E.So in the same manner one of the candidate among who appeared in Commonwealth Scholarship 2014 is whining that he has remembered that he has marked Q.2 as D but he got shocked when he saw right answer was A on NTS website's answer key.

Credibility of NTS has always seemed to be as issue.News groups and peoples are always nagging NTS performance on the basis of merit.Recent teachers selection for Public colleges and universities is example of what NTS is doing under Public sector umbrella.

Now everyone is demanding NTS should be privatize or test like common wealth & recruitment test for Public sector should be conducted via any private testing services (3rd Umpire). So no one will bicker on its failure.
 

Saturday, June 22, 2013

No Interview




It’s a common perception in job market that if a person looking for a job get no response , find hurdles, receives NO INTERVIEW CALL, or if interview but get NO RESPONSE from employer .After all these dilemma everyone starts thinking about Personal Reference & about SIFARISH. I think being entrepreneur or Owner of firm no one will like to hire garbage even he will not like to allow his nephew who doesn’t have enough qualification & ability to push his business on the path of glory. Only incompetent people do – an incompetent HR manager will do this & incompetent applicant will think about it.
Before applying for any job you should review our abilities and qualities in yourself. You should know what you can do easily to make yourself profitable & can earn your bread & butter.  It is a universal fact that “Golden ticket to an interview is your resume”. It is your “Invitation Card” & if even one thing written in your resume makes screener off, it will be heaved into the reject pile.
Following are the typical reasons as agreed by the most Hiring Managers for refusing any application.
1.       Unprofessional layout – Clutter, fancy fonts, artwork and inconsistent alignment reflect poorly on your professional image.
2.       Unattractive photograph- If you don’t look like Tom Cruise or Maria Sharapova then you should try to avoid off your resume if pic is not mandatory demanded by employer.
3.       Descriptive resume-    Keep your resume to SINGLE page. If you have more than 10 year of experience than you can think about to exceed to TWO pages. Don’t write description about your previous work coz no one want to read your whole story before interview as interview means to evaluate yourself.
4.       Mismatched profile- Resumes are typically shortlisted by junior staff so don’t assume they will be able to decipher your wording. Your education and experience should match according to the vacancy.
Keep in mind that getting interview response is basically a numbers game. For every 50 organizations you apply to, you can get response from only One organization.

WISH YOU GOOD LUCK FOR YOUR CAREER

Saturday, May 4, 2013

Quaid e Tehreek e Insaf Imran Khan

Quaid e Tehreek e Insaf - Imran Bhai
Quaid e Tehreek e Insaf Janab Imran Khan Bhai born on 25 November 1952 in Lahore.Imran Khan was the only son of Ikram ullah Niazi, a civil engineer and government contractor, and his wife Shaukat Khanum. Imran bhai is a famous & leading Pakistani politician, celebrity and former cricketer.He played international cricket for two decades in the late twentieth century and, after retiring, entered politics. Besides his political activism, Quaid e Tehreek is also a prominent philanthropist, cricket commentator, Chancellor of the University of Bradford and Founding Chairman of Board of Governors of Shaukat Khanum Memorial Cancer Hospital & Research Centre. Through worldwide fundraising, he founded the Mianwali's Namal College in 2008. According to Asia Society, Khan was voted as Asia’s Person of the Year 2012 scoring more than 88 per cent of the total votes cast.While according to the Pew Research Center in 2012 seven out of ten Pakistani respondents offered a favourable opinion about Imran Bhai, the survey also revealed that Imran bhai enjoys incomparable popularity among youth.
 Imran bhai remained most successful captain in entire Cricket history of Pakistan leading his country to victory at the 1992 Cricket World Cup, playing for the Pakistani cricket team from 1971 to 1992, and serving as its captain intermittently throughout 1982–1992.After ending World cup 1987-88 Imran bhai announced retirement from International cricket but on the request of former President Zia-ul-haq Imran bhai  led his team to Pakistan's first and only World Cup victory in 1992.Imran bhai was inducted into the ICC Cricket Hall of Fame on 14 July 2010.

Quaid e Tehreek established "Pakistan Tehreek e Insaf ("Movement for Justice") in April 1996.He represented Mianwali as a member of the National Assembly from November 2002 to October 2007.In December 2012, GlobalPost ranked him third in a list of the top nine world leaders and recognized Quaid e Tehreek as the face of the anti-drone movement in Pakistan.

Friday, April 26, 2013

Unique Marriage - Bride took her baraat to the groom's house

INDORE: Rajni, a 25-year-old law student, dressed in best bridal finery, mounted a horse and took her baraat (marriage procession) to the groom's house through her village. After an hour-long marriage procession and dancing on the streets, she went to mandap (pandal) and asked the groom to marry her.

Unbelievable though it may sound, but that is exactly what happened at a marriage in Satwara village of Khandwa district of Madhya Pradesh.

The unique tradition — 'Kanya Ghatari' — which was practised by the Patidar community, wherein the bride takes her baraat to the groom's place, had long been forgotten, was brought alive. Senior members of the community endorsed Rajni's initiative to revive the age old tradition and lavished praise on her.

Rajni, who got married two days ago, initially felt a little awkward at the idea of riding a horse and taking the baraat to the groom's place. "I realized that the idea was to empower women and this practice would certainly eradicate many evils in the society," she said.


Bride goes on horse to groom's house, asks for his hand
Normally, boys consider it their birth right to take out the baraat. But for Praveen Patidar, 30, a state government employee, seeing his wife coming to marry him on a horse was a matter of pride.

Groom's father Ishwarlal Patel said that even on the wedding card that was printed a month ago, there was a message of women empowerment. He said his family wished that their daughter-in-law would take her baraat to their house.

About the tradition, he said first the bride was offered coconut by her parents. After completing the ritual, the girl mounted the horse and led the baraat from her house, which after passing from the narrow lanes of village, reached the groom's place.

The girl then came up to the mandap (pandal) on the horse and proposed the groom, asking him whether he would marry her. Waiting family members of the groom welcomed the bride. Thereafter, the marriage was solemnized. 


This is the story presented by TIMES OF INDIA

Thursday, April 4, 2013

Jobless & Hopeless


To paraphrase a line from Alice in wonderland, "If you don't know where you 're going, any road will get you there."

The first thing to decide before taking any further action is, what do you want? Is it just a job in which you earn enough money to get by? Or is it continuous growth and a long term career path? Perhaps it's independence and self control?

You might find yourself saying 'YES' to all these options.However, despite what people may tell you, you can't have it all! You need to know what is most important for you right now:
a) a steady salary  
b) a career
c) Self employment? 

If you 've saved enough money to run your household or if you currently don't have any financial responsibilities, then skip option 'a' and move onto option 'b' & 'c'. But if you are like most people in today's challenging economic climate, then securing a steady revenue stream is probably your first priority, so head down this direction first.

Now, money is money.If it comes from clerical work or from a managerial job.I suggest to first list down all the skills you have and link them to your potential jobs.Don't restrict your thinking.Can you teach or tutor? Set-up a stall in the weekly bazaars? Can you deliver fast food?

I read an article in Fortune magazine that highlighted top US executives who, after getting down-sized, delivered pizza to get by until job prospects improved.

I know some live examples where someone started his career as CSR in call center and now they are running there own Call center just after few years.My friend Haris started his career in Pizza Hut during under-graduation as CSR and now he is running Pizza Hut branch as Branch Manager after graduation.I know a person named Syed Munner who started his career as TELLER in a Bank while he has done Masters from University of Karachi but after 3 years he was selected as OPERATION MANAGER in the same branch of the bank where he was appointed as teller.

An interesting thing one executive said was that there is no shame in work, but there's plenty of shame in waiting for charity.
If above all can do it, then why can't you????

BEST OF LUCK for your career

Wednesday, April 3, 2013

The Ultimate Currency War


After the 2008 financial crisis, the liquidity trap induced policymakers to venture in unconventional endeavors. On the fiscal front, much has been discussed regarding the effectiveness of fiscal policy to pull developed countries out of the sluggish recovery. On the monetary side, the so-called quantitative easing (QE) guaranteed the liquidity needed to avoid a collapse of the financial system, even though its efficacy to stimulate the economy has been questioned. Within this environment, some concerns were raised in the Emerging Markets. The expansionist attempts would, some have been advocating, inflict in exchange rate appreciation, hurting EM’s companies’ exports competitiveness.

Domestic Issues

The first thing is to elaborate the goals of a QE-type of policy. Roughly, there are three pillars: a) it aims to provide the liquidity needed to break the vicious circle of falling asset prices, credit contraction and banking problems; b) it also aims to induce the private sector to take some risks, since safe assets yields became very low and more resources are available; and c) it has some effects on expectations, which are crucial for understanding business cycles.

Even though there is much interconnectedness between countries, especially through financial markets and capital flow, the goals of QEs are domestic, i.e., the policymakers seek to stimulate the economy to help the recovery process (or at least to avoid the worst). Of course there may be “collateral” effects, such as the depreciation of the exchange rate (appreciation of EM’s exchange rate). Personally, I do not think this effect is on the center of the targets. The US, for instance, is a relatively closed economy, therefore it depends substantially on the domestic aggregates.

Furthermore, for the exchange rate depreciation to increase net exports - the Marshall-Lerner condition - a combination of elasticities in a certain way is need, implying that there’s more to be considered. Moreover, the improvement in developed world’s conditions translates in greater demand for EMs products. Some estimates indicate that this offsets the exchange rate appreciation effect.

Data

Comparing the end of period amount of Long Term Treasury Purchases with the real effective exchange rate index (REER), it’s hard to find an evidence of a great impact on the REER from the liquidity injection:



The appreciation trend actually diminished after the QEs and some of the subsequent depreciation was induced by the change of the exchange rate regime. Moreover, taking the log of the series and calculating their first difference, one can actually find that after the QEs the average variation was higher (though more volatile), i.e., it has induced depreciation, rather than appreciation:

Remarks


The data seems to indicate that the effect of QE on the REER is low, if any. However, since the analysis is absent of any econometric treatment, one should be cautious. Perhaps a better look could reveal other conclusions. Nevertheless, I think that neither there’s a war, nor if there is, it something really important to justify the recent policy attempts. 

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