Two and three quarters cheers for Dan Price

It would be really churlish to sing anything but the loudest praise for Dan Price. And yet this blogger is falling short of raising three cheers for him. Dan Price is the CEO of a privately held small company called Gravity Payments with about 120 employees. About two weeks ago, he called all...

Read More

The most valuable activity of the human race

In a free world, the price of anything is a reflection of its true worth to people. Something is valued high if it is important to a lot of people. It is valued low if its not so important - OK you can quibble about supply and demand, but in the end, value is a reflection of the worth in...

Read More

Really Walmart ? Plumbing ??

  Walmart closed down five stores in the US. What's new ? This happens all the time - stores are closed and stores are opened. So what ? What is strange is the reason it was done and the manner in which it was done. Walmart announced to its employees two hours before store closing time on Monday...

Read More

On Friday, the world shook

Last Friday, the world shook. You can be forgiven for not noticing, for, it was the business world that shook. GE announced it was going to virtually sell all of GE Capital.  GE is one of the, if not THE greatest company on earth. It is the old fashioned industrial conglomerate making everything...

Read More

Borrow at negative interest rates ? What has the world come to

Sometimes the world of finance is utterly incomprehensible to , well, even finance guys. Take for instance what has been happening in Europe. A few governments in Europe have been issuing short term bonds carrying negative interest rates. That means you pay for the privilege of lending to the...

Read More

The problem with being an uncle

This blogger is of an age when being called an uncle is rather a compliment. He is precariously close to being called a grandpa. So much so that he cannot understand the brouhaha that the term "uncle" has caused. The Air India flight from Jaipur to Delhi , a few days back, should have been an...

Read More

Agree with Red Ed

I never thought I would never agree with anything in Mr Miliband's economic policy. If you are wondering who Mr Miliband (or Red Ed as he is sometimes called) is, he is the head of the Labour Party in the UK. In case you haven't been looking, there is a general election about to happen in the UK,...

Read More