To say that the last week in the US markets was extraordinary seems so lame. But we cannot think of a simpler and more succinct word to describe it. What a week it was! Monday brought the bankruptcy of Lehman Brothers, the fourth largest Investment Bank and the arranged marriage between Merrill Lynch, the symbol for America’s…
Editor’s Note: We are indebted to Mr. Rajeev Mundhe for bringing this story to our attention. Mr. Mundhe, a well-known financial advisor with Smith Barney, is an old friend of this blog. Wall Street Journal reports that The Reliance ADA Group (Anil Dhirubhai Ambhani) has bought Willow TV, a US Web site with more than…
Rarely have we ever thanked an author so profusely for a book as we wish to thank Adam Bowles for his translation of Karna-Parva of the great epic Maha-Bharat. (Maha-Bharat, Book Eight, Karna, Volumes 1 & 2 – published by The New York University Press and the JJC Foundation.) Getting You in the Proper Frame of…
Today, the reality of India as a major economy is accepted and India’s potential as a global economic power is being understood. Even critics of India, like the liberal Australian Prime Minister, have remarked that this realization was a key reason for the approval of the India exception by the 45-nation Nuclear Suppliers Group.The world looked…
What a title? Surely we are terrible satirists, rabid fans or utter idiots? We might be terribly incompetent as satirists, but that is irrelevant. Satire is not our aim here. We have not been fans of Mr. George W. Bush. In fact, in December 2000, we loudly expressed our opinion that President Bush would end up…
President Bush might have been ignored by the Republican Convention and he might be the target of a derogatory campaign by the Democrats, but he showed last week that, in the real World, He is still the man and what President Bush wants, he gets from the world.The US-India Civilian Nuclear Agreement was a signature deal…
This is an update to our previous list of 10 Most Popular Articles published on August 9, 2008.As of Friday, September 5, 2008, the 10 most popular articles on our blog (in terms of viewer hits) are: 1. Shabana Azmi on “Indian Democracy is unfair to Muslims” – Our views and the Relevance to…
On July 23, 2008, Erin Burnett of CNBC hosted a debate on “Job Training: U.S. vs. India” with Vivek Wadhwa, author of “How the Disciple Became the Guru,” and Ron Hira, outsourcing expert and professor at Rochester Institute of Technology (http://www.cnbc.com/id/15840232?video=801673069&play=1). In this debate, Vivek Wadhwa lauded the training given by Indian Companies to their…
In our article on August 2, 2008 – “Jim Cramer on Ben Bernanke – Fair in August 2007 and Unfair in August 2008”, we asked for a smackdown between CNBC’s Rick Santelli and Jim Cramer. (https://cinemarasik.com/2008/08/01/jim-cramer-on-ben-bernanke—fair-in-august-2007-and-unfair-in-august-2008.aspx).We withdraw this request. Both Jim Cramer and Rick Santelli came together on Friday, September 5, 2008 and suggested that…
It is a basic tenet of investing that the Business Media usually provides a contrarian signal. Often, these signals are explicit in nature and get noticed due to an act of commission from the Media and its Management. For example, CNBC Management decided on July 5 to replace the daily 8 pm telecast of their aggressive, risk-oriented…