If you didn't stay up all night, that is if you are in India, you missed something. It was a lovely show. Olympic opening ceremonies have easily become the greatest show on earth. Beijing was awe inspiring in terms of sheer magnitude and scale. It was an almost impossible act to follow, but London did, in a very different way. You would have had to be a Brit or a complete Anglophile like me, to appreciate...
Saturday, 28 July 2012
Friday, 20 July 2012
Team USA Made in America Act
If ever there was a nonsensical piece of legislation addressing a farcically trivial issue it is the introduction of the "Team USA Made in America Act". If ever there was proof that US senators and congressmen do nothing useful, here it is.
A hullabaloo started when it was discovered that the US Olympic Team's uniforms for the London Olympics were actually made in China. Senators clambered over...
Wednesday, 18 July 2012
Ramamritham acquires a new fan
My good friend Sriram, appears to have become a fan of Ramamritham, just like me. Sriram is an excellent blogger of incredible energy ; who else can keep the scorching pace of 2 or 3 quality posts a day.
His post of a few days ago, On the life sucking bureaucracy in India, makes a very good read. Heartily endorse the post for readers of this blog.
Its a telling comment on our respective energy...
Sunday, 8 July 2012
Farewell, old girl
As you grow older, you start to yearn for the familiar. In an ever changing world, that's a real challenge. Wouldn't it be nice if some things never changed. A fixed beacon in the cauldron that is the world ? Alas that can only be a pipe dream as there is nothing that is impervious to the passage...
Friday, 6 July 2012
CEO for 20 minutes
How would you like to be CEO for 20 minutes ? No this is not one of those employee motivation exercises, nor is it a joke. This is all too real. That's precisely what happened to Bill Johnson the CEO designate of Duke Energy.
All this arose from a merger between Duke and Progress, two giant utility companies in the US. It is now the largest electric utility in the US. As is typical in such...
Thursday, 5 July 2012
When "information" equals garbage
It is a fundamental tenet of capitalism that an investor should be fully informed of all matters relating to his investment. Over the years, regulatory authorities have been increasing disclosure requirements so that there is as much transparency as possible. But has this gone too far ? And has the overreaching legal recourses, especially in the US, led to the purpose being defeated ? No this is...
Sunday, 1 July 2012
There's something very rotten in Finance
Can a whole industry be rotten ? Definitely not. As in any field, you should expect the good, the bad and the ugly. But increasingly it is difficult to spot anything good with the financial services industry. Consider the latest scandal to hit the headlines - the manipulation of LIBOR by Barclays and 20 other banks.
LIBOR (which stands for London inter bank offer rate) is one of the prime interest...
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