Coffee is bad

What does Ramamritham have against coffee ? I would have thought the caricature of Ramaritham included a cup of coffee and The Hindu. Yet here's this venerable gentleman having an angst against coffee . Why ? I am referring to IKEA's application to open retail stores across India. You may recall that the move to allow foreign owned retailers to set up shop in India is a recent one (Didi notwithstanding). ...

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Bye Bye New York Stock Exchange

OK - the title is pure hyperbole. The New York Stock Exchange (NYSE) is going nowhere. But the company that owns NYSE is just being bought over. The curious part of the story is that the acquirer does not really want the NYSE, but it comes as part of the package- so he has to take it ! Here's the deal. NYSE is part of a conglomerate called NYSE Euronext. The conglomerate consists of NYSE itself,...

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Round the world for one day

How would you like to chuck it all and travel around the world ? Tempting isn't it ?? Well that's exactly what two wonderful persons I know are doing right now. They blog about it here - follow it if you are interested in traveling ; its a gripping account of far away lands. If you fancy yourself on the road from Rangoon to Mandalay or on the Silk Road between Bukhara and Samarkand, then this is...

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The strange case of John McAfee

Do you use McAfee anti virus software ? Chances are you probably do. If so, or even if not, you may be interested in the strange story of John McAfee. I'm not sure if its comic or tragic - decide for yourself. In any case its a prime candidate for the script of Gils' soon to be shot Blockbuster from Chollywood  ! (If you want to know what Chollywood is, it is a pun on that stunning  "centre...

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Cash transfers instead of subsidies

India is embarking on a major revamp of its social security system - replacing subsidised food, fertiliser, fuel, etc etc with direct cash transfers to the bank accounts of the "poor". Is this good or bad ? The current system involves heavily subsidised foodgrain, fertilisers, fuel, etc being made available to ration card holders through the public distribution system. This suffers from a whole...

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Oh ! What a mess

Come on Argentina. How often do you ask everybody to cry for you ?  On Wednesday, a US District Court Judge detonated an atom bomb (metaphorically, thankfully), in the world of financial markets. As usual, Argentina was at the centre of it. Here is the story, with a little bit of history. In 2001, Argentina defaulted on its sovereign debt - one of the rare instances of a major country doing...

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What happens behind closed doors in a bedroom

What do people do in bed, other than sleeping ? Should be an easy one, isn't it. Well, it turns out not to be so easy. No, it's not what you thought.  Apparently, the activity that is most often done in bed is working !  This blogger has often moaned about the complete encroachment of...

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The incomparable Bill Gates

I remain confounded as to why Bill Gates is not universally loved in this world. Ask people at random to name the greatest living person  and you'll get a wide variety of names. But I bet, you won't see the name of Bill Gates very much. And yet , to me, he would rank right up alongside with Nelson Mandela for that honour. Why ?;  do you ask ? here's why. There have been many incredibly...

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Companies need a geography lesson

Ahhh ! If only the world was as simple as 50 years ago. Global companies found it quite simple then to divide the world ; there were only three regions in the world - America, Europe and Rest of the World. If you were an American company, 70 % of your revenues came from America, 27% came from Europe (Oh god; we have to improve there) and 3% came from Rest of the World (where's that ?). If you...

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Even crooks deserve a fair deal

Remember Jérôme Kerviel  ?  OK, very excusable if you have forgotten who he is. He was the rogue trader who almost brought Société Générale ( a reputed French bank) to its knees. This happened in 2008. Kerviel was a trader who punted like crazy in the casino, that is euphemistically called financial markets - he was making gigantic bets that involved European stock index futures. The whole...

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Bir Hakeim - A Guest Post

Readers of this blog would be familiar with Ravi Rajagopalan. Ravi is a very dear friend, a brilliant guy, with an incredible array of interests and knowledge. His cover drive might not have the silken grace of a David Gower, but that's the worst you can say of him. As you might have gathered from comments...

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The Battle of El Alamein

We should not forget. We are a generation that, thankfully, has not seen war. But the baser instincts of man are never very far from the surface. Even in our lifetimes we have seen horrors - Afghanistan, Iraq, Yugoslavia, Rwanda, Congo. But thankfully, nothing on the scale of World War II. Mankind should never forget the horrors of war. This week is the 70th anniversary of the Battle of El...

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Spare a thought for the poor Iranians

There is economic cataclysm going on in Iran. What guns and rhetoric have failed to do might be achieved by grubby old economics - the downfall of the nut cases who have been ruling Iran for sometime. The Iranian rial has plunged into free fall. It declined by 25% in one week in October against the US dollar. Since the beginning of 2011 it has fallen by 70+%. It was some 10,000 rial to the US...

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Economics Gangnam Style

What ?? You don't know what Gangnam Style is ? It is the K-Pop (Korean Pop) sensation that has taken the world by storm. It  is No 2 on the UK and US pop charts, watched on You Tube some 400 million times . Everybody , it seems, wants to prance like a horse . Even the West Indies team, on winning the T20 World Cup, gave an energetic rendition of Gangnam Style (note the absence of the word cricket...

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