Former US president George H.W. Bush dead at 94

Agencies
December 1, 2018

Washington, Dec 1: George H.W. Bush -- the upper-crust war hero-turned-oilman and diplomat who steered America through the end of the Cold War as president and led a political dynasty that saw his son win the White House -- died Friday. He was 94.

George W. Bush called his father a "man of the highest character and the best dad a son or daughter could ask for," in a statement announcing his death.

"The entire Bush family is deeply grateful for 41's life and love, for the compassion of those who have cared and prayed for Dad, and for the condolences of our friends and fellow citizens."

Bush's passing comes just months after the death in April of his wife and revered first lady Barbara Bush -- his "most beloved woman in the world" -- to whom he was married for 73 years.

The 41st American president was a foreign policy realist who navigated the turbulent but largely peaceful fall of the Soviet Union in 1989 and assembled an unprecedented coalition to defeat Iraqi strongman Saddam Hussein two years later.

But the decorated war pilot and former CIA chief suffered the ignominy of being a one-term president, denied a second term over a weak economy when he lost the 1992 election to upstart Democrat Bill Clinton.

His favoring of stability and international consensus stands in sharp contrast to the provocative bluster of fellow Republican and current White House occupant Donald Trump, a man whom Bush did not vote for in 2016.

Bush presided over economic malaise at home, and infuriated his fellow Republicans during a budget battle with rival Democrats by famously breaking his vow: "Read my Lips: No new taxes."

But he was the respected patriarch of a blue-blood political dynasty -- son George spent eight years in the White House, and son Jeb served as governor of Florida.

At the time of his death, Bush was the American president to have lived the longest.

Jimmy Carter was born a few months later, so he could quickly reset the record.

"America has lost a patriot and humble servant in George Herbert Walker Bush. While our hearts are heavy today, they are also filled with gratitude," former president Barack Obama said in a statement.

George Herbert Walker Bush was born on June 12, 1924 in Milton, Massachusetts into a wealthy New England political dynasty -- the son of Prescott Bush, a successful banker and US senator for Connecticut.

Bush had a pampered upbringing and attended the prestigious Phillips Academy in Andover, but delayed his acceptance to Yale in order to enlist in the US Navy on his 18th birthday and head off to war.

He flew 58 combat missions during World War II. Shot down over the Pacific by Japanese anti-aircraft fire, he parachuted out and was rescued by a submarine after huddling in a life raft for four hours while enemy forces circled.

Bush married Barbara Pierce in January 1945, shortly before the war ended, and the couple went on to have six children, including one, Robin, who died as a child.

Instead of joining his father in banking upon graduation from Yale University, Bush headed to bleak west Texas to break into the rough-and-tumble oil business.

He surprised many with his success, and by 1958 had settled in Houston as president of an offshore drilling company.

In the 1960s, Bush, now independently wealthy, turned to politics.

He was a local Republican Party chairman, and in 1966 won a seat in the US House of Representatives. He served there until 1970, when he lost a bid for the Senate.

Over the next decade, he held several high-level posts that took him and Barbara around the world: head of the Republican National Committee, US ambassador to the United Nations, envoy to China and director of the Central Intelligence Agency, where he was praised for restoring morale after revelations of widespread illegal activity.

He served as vice president to Ronald Reagan after losing to him in the 1980 Republican primary, an eight-year period of hands-on training for the top post he would go on to win by a solid margin in 1988, as the Cold War was coming to an end.

In a major test of the post-Cold War order, Saddam's million-man army invaded Kuwait in 1990 and looked set to roll into Saudi Arabia, which would have given the Iraqi strongman more than 40 percent of the world's oil reserves.

Bush famously vowed: "This will not stand, this aggression against Kuwait."

He assembled a coalition of 32 nations to drive Iraqi forces out in a matter of weeks with a lightning air and ground assault.

Some 425,000 US troops backed by 118,000 allied soldiers took part in Operation Desert Storm, decimating Saddam's military machine without ousting him from power -- a task that would be accomplished 12 years later by Bush's son.

Buoyed by his victory in the Gulf, Bush and his hard-nosed and widely respected secretary of state James Baker cobbled together the 1991 Madrid Conference to launch the Arab-Israeli peace process.

The conference was mainly symbolic, but it set the stage for the Oslo Accords two years later.

In late 1989, Bush sent US troops to Panama to oust strongman Manuel Noriega. He also set the groundwork for the North American Free Trade Agreement.

Domestically, however, the economy stalled and Bush broke his pledge not to raise taxes in order to reach a budget deal with Democrats -- a cardinal sin in the eyes of Republicans.

In 1992, Bush lost his re-election bid to Clinton -- whose aide coined the now famous slogan "It's the economy, stupid" -- as eccentric third-party candidate Ross Perot syphoned off conservative votes.

The elder Bush's cautious realpolitik would later be contrasted to his son's far more costly ambition to transform the Middle East, but "Bush 41" refused to weigh in on the debate, insisting he was proud of the presidency of "Bush 43."

After retiring from public life, Bush fulfilled a wartime pledge to one day jump out of a plane for fun and famously went skydiving on his 75th, 80th, 85th and 90th birthdays.

He joined Clinton to raise funds for victims of the 2004 Asian tsunami and the 2010 Haiti earthquake. In 2011, Obama awarded Bush the highest US civilian honor, the Medal of Freedom.

He worked with Carter, Clinton, Obama and son George to raise money for hurricane victims in Texas in 2017.

In 2001, Bush became just the second US president after John Adams to see his son become president.

Son Jeb made his own presidential run in 2016, but fell short in the Republican primaries against Trump.

Comments

Hassanabba
 - 
Saturday, 1 Dec 2018

he must be having pain that he given a birth to such a devil son who has millions of innocent life he caused in war,

 

amswer is simple you lived 94 year by killing and enjoying now you life your 1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 year in hell in fire

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News Network
June 23,2020

New Delhi, Jun 23: In an unexpected development, the pump price of diesel is all set to surpass the petrol price in the capital, making it the most expensive transport fuel for the first time in a long time.

Globally, diesel is priced slightly above petrol prices due to the very nature of the product that has a higher cost of production. But in India, due to the lopsided taxation structure, diesel attracts lesser of the tax between the two auto fuels keeping its prices lower than petrol for last several years.

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre. Going by the trend of price movement in the two products for the last few days where diesel prices have consistently increased by 50-60 paise per litre while the daily increase in petrol prices have fallen to just 20 paise on Tuesday, it is set to surpass petrol prices in next few days.

"Diesel price movement is sharper in international market and if oil companies follow the global price trend, diesel prices will surpass that of petrol later this week. It will be after many years that this would happen and is expected to sustain for some time unless government changes the tax structure of the petroleum products again," said an oil sector expert from one of the big four audit and advisory firms asking not to be named.

Interestingly, even in India the base price of diesel is expensive than petrol. According to the Indian Oil Corporation (IOC), while the base price of petrol in Delhi currently comes to Rs 22.11 per litre, the same for diesel is higher at Rs 22.93 per litre (effective from June 16, 2020). This has been the case for a long time, but retail price of petrol can be higher than diesel due to central and state taxes.

What has now brought diesel prices to a whisker of petrol prices in the capital is the Delhi government's decision early May to increase the Value Added Tax on diesel from 16.75 per cent to 30 per cent and on petrol from 27 per cent to 30 per cent. This increased the retail price of diesel and petrol in Delhi by Rs 7.10 and Rs 1.67 a litre respectively. With Central taxes on the two products already reaching identical levels, the Delhi governments move hastened price parity between petrol and diesel.

Currently, the Central excise on petrol is Rs 32.98 a litre while that on diesel it is Rs 31.83 a litre. The VAT on petrol in Delhi is Rs 17.71 a litre and that on diesel is Rs 17.60 a litre.

While the movement of retail pricing is being seen with a sigh of relief by vehicle owners whose cars run on petrol, those buying the relatively expensive diesel cars are now repenting on their decision. The development is also being seen with caution by automobile companies who have spent millions to ramp up their facilities for diesel run vehicles. The expectation is that demand for such cars will now fall, causing more damage to companies where sales are already impacted due to persistent economic slowdown and now the spread of COVID-19 pandemic.

"The pricing development would push automobile companies to strategies being followed by companies in the western markets where diesel run cars are not sold on fuel pricing differential, but on overall make and quality that puts them ahead of petrol run cars," the expert quoted earlier.

Yes, but for commercial vehicle sector the rising price of diesel had not been welcomed. In fact, the commercial transport sector had time an again threatened strike against the move to raise fuel prices.

With petrol and diesel retail prices closing, the case for adultering fuel has also gone down much to the relief of vehicle owners.

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News Network
June 11,2020

New Delhi, Jun 11: Petrol and diesel prices on Thursday were hiked by 60 paise per litre each - the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fifth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In five hikes, petrol price has gone up by Rs 2.74 per litre and diesel by Rs 2.83.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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