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Publication Date : 03-05-2014

The Democrat Party of Thailand will not contest the next election if a reconciliation proposal to be unveiled by its leader, Abhisit Vejjajiva, today is rejected by the parties involved in the ongoing political conflict, according to the party's spokesman.

Chavanond Intarakomalyasut said yesterday that with the political conflict remaining unsolved and the country still in a state of deadlock, there was no point in the Democrats taking part in the election. "We will still be in the same spot, and we can't move forward because the conflict still exists. There will be disorder. The Pheu Thai Party will bring about a bloody election. For what will the Democrat Party have taken part?" he said.

The Democrat spokesman asked the ruling Pheu Thai Party and caretaker Prime Minister Yingluck Shinawatra to make it clear how they would make sacrifices for the country's benefit. He criticised the premier for suggesting that Abhisit should not have set any conditions in regard to his reconciliation proposal.

The Democrat leader on Thursday had said that he would take a political break if his proposal aimed at finding a political solution were accepted by all the parties involved. Abhisit said this was to prove that he would not benefit from his own proposal.

Chavanond yesterday expressed suspicion that Yingluck might attempt to protect the interests of herself, her family and her party.

He said turning down Abhisit's proposal would mean the politicians involved were failing to sacrifice their own benefit for the country's interest. "We will see who are politicians, and who are the election experts," he added.

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Democrats threaten to boycott poll in Thailand

The Democrat Party will not contest the next election if a reconciliation proposal to be unveiled by its leader Abhisit Vejjajiva today is rejected by the parties involved in the ongoing political conflict, according to the party's spokesman.

Chavanond Intarakomalyasut said yesterday that with the political conflict remaining unsolved and the country still in a state of deadlock, there was no point in the Democrats taking part in the election. "We will still be in the same spot, and we can't move forward because the conflict still exists. There will be disorder. The Pheu Thai Party will bring about a bloody election. For what will the Democrat Party have taken part?" he said.

The Democrat spokesman asked the ruling Pheu Thai Party and caretaker Prime Minister Yingluck Shinawatra to make it clear how they would make sacrifices for the country's benefit. He criticised the premier for suggesting that Abhisit should not have set any conditions in regard to his reconciliation proposal.

The Democrat leader on Thursday had said that he would take a political break if his proposal aimed at finding a political solution were accepted by all the parties involved. Abhisit said this was to prove that he would not benefit from his own proposal.

Chavanond yesterday expressed suspicion that Yingluck might be attempting to protect the interests of herself, her family and her party.

He said turning down Abhisit's proposal would mean the politicians involved were failing to sacrifice their own benefit for the country's interest. "We will see who are politicians, and who are the election experts," he added.

The next election has been tentatively scheduled for July 20. The previous voting on February 2 was declared void by the Constitutional Court, as it was not held on the same day in the entire country, which was against the Constitution.

The Democrats had boycotted the February poll on the grounds that it was being held at a time when conflict still existed.

Meanwhile, Abhisit has met a number of top politicians and senior bureaucrats to gather their ideas as to how the Kingdom could be brought out of its destructive political crisis.

He has called a press conference at the Sukosol Hotel this morning to unveil details of his proposal.

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Thai democrats threaten to boycott poll

Right-Wingers: Donald Sterling #39;s A Democrat
Clip from the Wednesday, April 30th 2014 edition of The Kyle Kulinski Show, which airs live on Blog Talk Radio and Secular Talk Radio monday - friday 4-6pm Eastern. Check out our website -...

By: Secular Talk

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Right-Wingers: Donald Sterling's A Democrat - Video

With New York poised for its best credit rating in four decades, Governor Andrew Cuomo is authorizing the most borrowing since 2006 as he boosts investments in schools, roads and health care.

The $7.6 billion in new obligations in the budget approved in March will be spread out over at least five years. It includes $2 billion for school technology, the first bond referendum on the ballot since 2005; $1.2 billion to rehab health-care facilities; and about $1 billion for economic development.

The state has more room to issue bonds after its debt load shrank the past two years -- something that hasnt happened in five decades. Officials also project faster growth in personal income, which is used to calculate the ceiling. Meanwhile, New York may win its highest grade from Standard & Poors since 1972 after four consecutive on-time budgets.

Nothing speaks better to the state benefiting from a positive economy than its willingness to further leverage itself, said Charles Grande, head of muni research in New York at UBS Global Asset Management, which oversees about $14 billion.

Cuomo, a 56-year-old Democrat, is placing an election-year bet that the economy of the third-most populous state will grow fast enough to afford the new debt. The borrowing plan, tapping interest rates close to generational lows, coincides with an improving financial picture for the state. When the fiscal year ended March 31, New York put money into its rainy-day fund for the first time since 2008.

This years authorized borrowing is the most since $13.2 billion in fiscal 2006, according to data from state Comptroller Thomas DiNapoli.

New York is one of 16 states to have regained the jobs that businesses cut during the 18-month recession that ended in 2009, according to the state Labor Department. Its 6.9 percent jobless rate in March, close to the lowest since 2008, compared with 6.7 percent nationally.

The state would be issuing into a strengthening market for its debt. New York securities are outperforming the rest of the $3.7 trillion municipal market.

Tax-exempt state bonds maturing in March 2020 traded last month at an average yield as low as 1.29 percent, the lowest in a year, data compiled by Bloomberg show. The rate yesterday was about 0.27 percentage point less than benchmark munis, even though New Yorks credit grade is two steps below the top.

Even with the new bonding authorization, in every year of the capital plan our debt-to-personal-income ratio is expected to be the lowest level the state has recorded in decades as a result of very prudent debt management and the growing economy, Morris Peters, a spokesman for Cuomos budget division, said by e-mail.

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Cuomo Borrowing Most Since 2006 Shows Fiscal Muscle: Muni Credit

Christie Chooses Democrat to be Next Port Authority Chairman
Gov. Christie has nominated John Degnan, a Democrat, to be the next chairman of the Port Authority. For more New Jersey news, visit NJTV News online at njtvn...

By: NJTV News

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Christie Chooses Democrat to be Next Port Authority Chairman - Video