OPEN-Houston Brought A Most Useful Seminar For The Community

February 11, 2010 by · Leave a Comment 

The Organization of Pakistani Entrepreneurs and Professionals (OPEN) is a not-for-profit organization and started in 1998 from Boston Massachusetts, with sole purpose to promotion entrepreneurship and professional growth of Pakistanis, in collaboration with those living around Pakistanis. OPEN has several chapters across USA. One of the main aims of OPEN is to enhance the prosperity of Pakistani businesspersons, which in turn should reflect in the augmentation of wealth and resourcefulness of the Pakistani community living in USA and for the societies at large Pakistanis live. In order to achieve its goals and objectives, OPEN organizes several educational seminars and networking events, as well as fosters sound relationship with political & business decision makers in USA and Pakistan. OPEN also has special focus on the youth, encourage them to be innovating entrepreneurs and proficient professionals and bring for them various internship programs themselves or through other organizations’, business and governmental entities.

At the picturesque Embassy Suites Hotel along Katy Freeway at South Kirkwood, OPEN-Houston organized a timely seminar on “The Credit Crisis and Great Recession: A Historical Perspective”, presented by Faisal David Khan, Senior Financial Advisor and Partner with Ameriprise Advisory Services. He talked about the governmental intervention, the worsened housing market, securitization, investment banking, and the current volatile financial climate. After his short power-point presentation, he answered several questions of the attendees for more than half-an-hour.

“I am against governmental control of free enterprise system of USA: However we do need proper regulations and check-&-balances, so that everyone plays by rules and greed does not become the main ingredient of the system,” said Faisal David Khan.

He said although President Obama Governments’ steps to strongly intervene into the markets have avoided the depression, but have we really come out of the troubled waters, no one can say for certainty. Reason is when there was incentive to buy homes, people bought the homes. Moment it was going away, we had the worst home sales month. Similarly clunker car program increased auto sales, but once gone, it also went down.

Faisal David Khan most eloquently explained that the concept of “Leverage” is one of the main reasons for the markets downfall. Leverage is when: (a) an institution’s financial assets are larger than its capital; (b) an institution is exposed to the change in value of a position more than the amount that it paid for the position; or (c) an institution owns a position with embedded leverage. A position with embedded leverage is a position with an exposure larger than the underlying market factor.

Result of this concept of “Leverage” is that we have seen watershed event of the Bear Stearns Companies, Inc Company of 1923, collapsing completely in 2008, due to the subprime mortgage crisis.

Businesses and individual consumers have learned the lesson and are willing to be regulated. President Obama Government needs to bring more innovative and stricter regulations and try to avoid complete takeover of the government, as that will hurt the free venture system.

“We should be worried about USA Economy, more so that the world economy is dependent on USA. Although we may see countries like China making amazing strides in the financial field, but in fact their economy is dependent largely on the well-being of US,” added Faisal David Khan.

For more information on OPEN-Houston and/or getting involved in a business endeavor, one can visit http://www.open-houston.org/

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KinderUSA Event

June 18, 2009 by · Leave a Comment 

By Susan Schwartz, MMNS
The tragedy of Gaza is known throughout the world. Humanitarian groups such as KinderUSA focus on the smallest and most helpless victims – the children. Given the disproportionate number of young children in Gaza, their work takes on heroic proportions. 

KinderUSA, an advocacy group for children, held its annual banquet/fundraiser this past Saturday evening at the Embassy Suites Hotel in Garden Grove, Ca. The event was titled: “Planting Seeds Today for Ramadan Tomorrow”. KinderUSA, which stands for Kids in Need of Development, Education, and Relief, was founded in 2002 by a group of dedicated physicians and humanitarian workers. In promoting the well being of children, KinderUSA is dedicated to the principle that children have a right to survival and that right has as a corollary a right to health,education and shelter.

The event featured as speakers Dr. Laila Al-Marayati, the Chairperson of KinderUSA and Dr. Mads Gilbert of the Norwegian Aid Committee University Hospital Norway.

Both physicians told of their experiences in Gaza, experiences which limned the cruelty of the Israeli Occupation. Dr. Al-Marayati also outlined and explained the work that KinderUSA has done in the region.

After an introduction by Dr. Basil Abelkarim and his reading with translation from the holy Koran, Dr. Al-Marayati took to the podium.

KinderUSA now has permanent non profit status. The group seeks transparency in all its operations. In describing some of their work in Gaza, Dr. Al-Marayati said that KinderUSA gives out food coupons which coupons are then used by the recipients to purchase food. The food is grown and prepared locally, and it is KinderUSA which provides the seeds for agricultural products. KinderUSA also supports a bakery in Gaza which provides nutritious goods throughout the oPt.

The audience was visibly moved when Dr. Al-Marayati described the courage shown by KinderUSA workers in going into the streets of Gaza during the Israeli assault. They put their lives at risk to insure that no hungry family was left unfed.

Dr. Al-Marayati also addressed the total and wanton destruction that the Israeli assault imposed on Gaza. She showed pictures of devastated buildings that could not conceivably be considered military targets and therefore should not have been targets of primary intent. One such building was a mosque and another was the American International School.

Dr. Mads Gilbert said that he could not call Israeli recent action in Gaza a war. Wars have rules. This was a vicious assault. “The Palestinian people may well be the strongest and most innovative people on earth” he said. Israel launched an assault, an action that violated basic human rights.

Dr. Gilbert referenced the recent issue of the prestigious medical journal, Lancet, that showed a scientific correlation between the Israeli Occupation and the tragic health conditions in Gaza. There can be no improvement until the Occupation ends.

Gaza, he continued, is a prison camp. Given the average age of Gazans – which is in the teens – it is truly a prison camp for children.

The pictures that were shown in the front of the room told a story of suffering in themselves. The doctors presentations brought the suffering alive.

“It is hard to believe how terrible things are” said one young woman “But it is true.”

For readers who wish to know more of the work of KinderUSA or who wish to contribute to their excellent work, please access their web site at: www.kinderusa.org.

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Baitulmaal Fundraiser

April 10, 2008 by · Leave a Comment 

By Susan Schwartz , MMNS

The deteriorating conditions in Gaza – often described as the world’s largest outdoor prison– have shocked and outraged just and humane people throughout the world. With the attention of the world focused on Gaza, another organization has stepped forward to bring aid and alleviate the suffering there.

A banquet and fundraiser sponsored by Baitulmaal was held in the Embassy Suites Hotel in Garden Grove, Ca. this past Saturday night.

Titled: “Light A Candle for Gaza,” the well attended event raised more than $85,000 for the beleaguered people of Gaza who lack even the basics of life as they endure deprivation under the boot of the Israeli oppressors.

The event featured as keynote speaker Dr. Hatem Bazien of the University of California in Berkeley. A native Palestinian, he is currently an adjunct professor at Boalt Hall School of Law and a senior lecturer in the Department of Near Eastern Studies there.

Afzar Noradeen was Master of Ceremonies for the event. Beginning with a reading of the Qu’ran by Moheb Daha, the evening also featured Hasan Mahmoud, an Imam from Jenin, Sheikh Mostafa Kamel and Osama Abuirshaid.

The audience listened intently as they were reminded of the ummah they were a part of. Quoting from the Prophet Mohammed (pbuh), the speakers told the attendees that they were part of one body and – using an analogy of the human body – when one part of the body was in pain, the entire body was impacted.

“You do not look down on a fellow Muslim, and you do not let him down.”

Brother Abuirshaid told of individuals in Gaza and their suffering – of a pregnant mother of three who lost both legs in an Israeli bombing. Who, he asked rhetorically, will care for her children? He spoke of young children who live out of trash receptacles. He told of a 19 year old girl dying of kidney failure – a disease which could be controlled with medication easily available in the West.

Brother Abuirshaid spoke of individual Gazans and their suffering, giving them names as he did so. The audience gasped as these people became more than statistics.

“I feel as if I know them and suffer with them.” said one young woman in the audience.

Baitulmaal is an organization which strives to aid the poor, the sick and the helpless. Headquartered in Texas, Baitulmaal is a (501)(c)(3) charity. Members work toward preventing disease, improving the educational infrastructure and encourage hygiene in troubled areas of the world. Baitulmaal will be found wherever communities are in danger of dissolution and ruin; they serve communities racked both by war and by natural disaster. Baitulmaal has worked in the Middle East, Africa and Asia and in the United State where, to cite one example, the organization came to the aid of victims of Hurricane Katrina.

A recent feature story in The Dallas Morning News in Baitulmaal’s home state described Baitulmaal and its alliance with a Christian organization. Sheikh Hasan Hajmohammad is the co-founder and now a senior consultant of Baitulmaal. Eric Williams is the CEO of a company that produces a religious talk show. They are working together in places far and wide.

Mindful of criticism from the non-Muslim community that might attend cooperation with Baitulmaal, Mr. Williams said: “With the heightened tension today between Muslims and Christians, I really wanted to…help solve the gap.”

From building a hospital in Jenin; to the rescue of earthquake victims in Pakistan; to providing blankets in the aftermath of a fire in Texas, Baitulmaal serves humanity.

To learn more about Baitulmaal, please access their web site at: www.baitulmaal.org. Or they may be accessed by postal service at: Post Office Box 166911, Irving, Texas, 75016. The telephone number of Baitulmaal is: (972) 257-2564.

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