Was Indira Gandhi a visionary?

Lehman Brothers is already down. Bear Stearns and WaMu sold. AIG has been nationalised. Fortis too has been nationalised by BeNeLux (Belgium, Netherlands and Luxembourg) yesterday. Bradford & Bringley gulped by UK. Many to follow. One after another bank is being taken over by the respective governments.
India has a lot many of these nationalised banks [...]

Oil 2.0

Probably the best invention of the current times!!
“Scientists find bugs that eat waste and excrete petrol”

The report says “the genetic alteration of bugs – very, very small ones – so that when they feed on agricultural waste such as woodchips or wheat straw, they do something extraordinary. They excrete crude oil.”
And also….
“The company claims that [...]

Optimum price level for Oil

If Oil prices start falling now as a few reports suggest, US will need to make sure that the decline is enough to control inflation but not so much as to make the Sheikhs angry. Because, if that happens then the financial firms like the Lehman Brothers (trying hard to survive) and the MLs of [...]

Interesting!

I find the business of Zopa amazing! The problem obviously in the Indian context is of credit worthiness and frauds. But don’t you have the feeling that I somehow have, this online money lending-borrowing model is the next big thing. Over the years to come, the challenges that this business will face are going to [...]

Nation of millionaires – 2

Inflation in India, America and Britain is uncomfortably high, but it could be worse—just ask Zimbabwe:
“During the meal, one of my mates was drinking beer – 750ml bottles of Castle Lager (fondly called bombers) he ordered a 5th one, was advised that the price, which when he ordered his 1st, 2nd 3rd and 4th ones [...]

Sleeping with the thief

Such strange things happen too:
“A Malaysian woman woke up to a real-life nightmare, discovering that the naked man who had slipped into her bed in the middle of the night was a thief, not her husband.”….”The 36-year-old housewife was asleep when the thief, noticing that her husband was fast asleep on the couch, quietly stripped [...]

WTF

This report tells us that on an average a Greek smokes 3000 cigarettes per year. This is equivalent to smoking a little more than 8 cigarettes per day per person! If one excludes the children up to the age of 12 (assuming a minuscule number of child smokers) in a nation of an average life [...]

Mumbai among world’s cheapest

I do not know what quality of research was this, but it feels so insulting to hear that Mumbai is among the cheapest cities of the world. Insulting because we know how much it hurts when we loosen our pockets:(
“Europe dominates the list of 71 cities compiled by Swiss bank UBS, while Asian cities [...]

Nation of millionaires

Well, this is true. Zimbabwe probably has more millionaires than any other country. Only that none would wish the same for one’s country, at least if this is the situation.
An excerpt from the news: “50 million dollars no longer buys a loaf of bread, which costs about 80 million dollars. A bunch of five bananas [...]

Even our press is not that free?

Frankly, I thought we are more better than worse. However that is not really the case if this index is anything to go by. India is at No. 105!!!