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Views on the news - 12/3/09

Capitalism destroyed 45% of the world’s wealth in 1.5 years On March 10 2009 the CEO of the private equity company Blackstone Group LP (BX.N) Stephen Schwarzman said that up to 45 percent of the world's wealth has been destroyed by the global credit crisis. "Between 40 and 45 percent of the world's wealth has been destroyed in little less than a year and a half," Schwarzman told an audience at the Japan Society. "This is absolutely unprecedented in our lifetime." But instead of putting the blame on the fundamentals of the capitalist system for the destruction of wealth, Schwarzman blamed credit rating agencies for the current crisis. What's pretty clear is that, if you were looking for one culprit out of the many, many, many culprits, you have to point your finger at the rating agencies," he said. Britain to check for extremism in Muslim schools Britain’s education watchdog, Ofsted is to check that schools are promoting tolerance for othe

Seerat Ka Payaam Poster

The following is an Urdu poster which says: 'Seerat ka payaam Khilafat ka qayaam' which means 'The message of the Seerah - the establishment of Khilafah'. It is useful for billboards, posters, stickers, etc. It also shows the 'Raya', the banner of the Prophet (saw) and His (saw)'s seal.

Q&A: Recent Political Developments

1. The G7 The Group of Seven or G7 was formed in 1976. It is a forum where the finance ministers from seven industrialized nations meet to discuss economic issues and policies. The G7 membership consists of France, Germany, Italy, Japan, United Kingdom, Canada and United States of America. The European Union is represented by the President of the European Commission and the leader of the country that holds the Presidency of the Council of the European Union. Russia formally joined the group in 1997, resulting in the 'Group of Eight' - the G8. G7 should not be confused with the G8, which is the annual meeting of the heads of government of the above nations, including Russia. The latest G7 meeting was convened on February 14 2009 in Rome. The policy makers met after economic reports this week showed Germany's economy contracted the most in 22 years, in the fourth quarter, and U.S. consumer confidence neared its lowest since 1981. Moreover, both the World Bank and the IMF have