Over the past few years, Dubai and China have captured media’s imagination as glorious examples of global growth, the birth of a new era in which these regions and others will continue to grow forever creating a virtuous demand cycle for global prosperity. CNBC Viewers, like us, can recall episode after episode in which infatuated…
The events in Pakistan-Afghanistan are taking center stage on the world scene again. The condition of Pakistan was a topic of heated discussion in the debate between Senator McCain and Senator Obama. A British diplomat was quoted as saying that NATO needs to find a suitable “Dictator” to take control of Afghanistan. The United Nations declared…
Two weeks ago, we wrote an article about the emerging strategic partnership between the USA and India driven by mutually congruent interests. This is what the Bush Administration set out to accomplish when it cane to power in 2000. (see our article on September 13 titled “President Bush and India – His Vision, His Accomplishments, His Legacy”…
We began writing about the potential for conflict between China and India in June 2008. The trigger for us was extraordinarily naive and frankly, ignorant, comments about China and India from the celebrated Jeffrey Sonnenfeld. We felt that the world, at least the investing world, was uneducated about the strategic and military competition between China…
America, China and India, three enormous countries, were, at one time or other, controlled or dominated by England. Each of these three countries inherited a legacy from England and the lessons learned from that legacy have determined the fortunes of each country to this day. America inherited England’s strength, its iron determination and its deep…
On Friday, September 19, the top news story was the massive “bailout” plan proposed by the Treasury Secretary, Henry Paulson. Every Television Anchor wanted to know on air who was responsible for this mess. Every politician from the liberal left to the conservative right bemoaned the terrible burden the plan imposes on the Average American….
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…