Two nights before the first communion, Father Antonio Isabel closeted himself with him in the sacristy to hear his confession with the help of a dictionary of sins. It was such a long list that the aged priest, used to going to bed at six o’clock, fell asleep in his chair before it was over. [...]
In late 2007, the Shanghai stock market was going through a boom. A Professor of Economics was visiting China and there he learnt that everyone, everyone was expecting the stock market to crash after the Olympics in September 2008. In other words, they assumed the market to keep rising like a Diwali rocket till then, and then [...]
Isn’t this hysteria over swine flu Un-Indian? Whatever happened to fatalism?
Venu says I find it worrisome that you are making quite strong claims (global warming can be handled by markets alone) and then casually stating that you don’t have any evidence for them. No! I didn’t say that. All I say is that we will not act on Global Warming at the optimal time. To [...]
The Economist has an article on the problems of aligning the CEO’s interests with those of the shareholders. The obvious solution to this is to ensure that a large proportion of the manager’s compensation is in the form of shares or stock options. But it turns out that during the recent financial crisis, the more [...]
I don’t believe I have mentioned this article I wrote just before the elections. Bear in mind that it was written with a foreign audience in mind, so I may have oversimplified. Also, I have lost trace of how exactly I calculated the numbers in the first paragraph. So any corrections welcome.
My son has a rather instrumental view of parental love. As far as he is concerned, the affection felt by his parental units is a means for him to achieve certain ends. At 10 months, his main objectives are to be fed when he is hungry and to be taken out of the house so [...]
Have you picked up the August 2009 issue of Pragati yet? It is good. The focus this time is on legal and regulatory reform and it has been guest-edited by Shruti Rajagopalan. My favourites are this piece by Ajay Shah about the changes in legal regime required for further Financial Reform, Aadisht’s article on the [...]
Commenters have suggested that Justice Iyer is getting senile. Not really, it is Justice that has suffered from an onset of senility. Amartya Sen will be writing a book about what V R Krishna Iyer has already put in practice. Justice, acording to Sen, will not be achieved by identifying specific principles that are to be [...]
“The reference to Balochistan in the Indo-Pak Joint statement was a unilateral mention by Pakistan,” (Mukherjee defends Indo-Pak joint statement, opposition walks out, Rediff News, July 30, 2009)
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