Lehman falls, Meryll globbed up!.. US govt takes unprecidented steps to take out all the bad loans of its country on its books. Clap! Clap! responds its citizens.
But when i say it is "its books", who's books are they? Who is paying the ultimate price? Along with, it raises many questions like how does US finance it? , its accountability et. al.
What it feels at the end of the day is, US cares a damn about all these things. It just knows to print dollars and dump them into the world's economy. Almost similar to how u dump ur used tissue into the dusto.. It is upto the world how to stabilize the $$. Mostly, it is Indians and Chineese (the two major exporting countries) who end up eating all the dust!. They try to maintain the exchange rate by forceful intervention of buying dollars to save their export industries. These two countries act as butress to the US economy and its only when we crash that the US crashes. And probably, still the US can survive as all the commodities are traded in $$ - An atificial demand creator, Eventhough all these commodities are produced outside US viz. oil from Gulf, rice from India etc.
Monday, September 22, 2008
Monday, May 5, 2008
Which was better?
this is a fwd that i got.. very true and interesting!
Pocket money from Dad was Rs. 200/- per month, in that we were not only
able to eat stomachs fill, but we were able to save too!!!
Now we earn a sum of more than 20K, we have no idea where it goes, let
alone saving it!!
Which was better, the former or the latter???
6 subjects per year, 6 different teachers! One project since we joined and just one manager!
Which was better, the former or the latter???
We used to make notes; we used to study for ranks!! Now we scan thru our mails; we struggle for our ratings!!!
Which was better, the former or the latter???
We have still not forgotten the people in the next section!!! Now we don't even know who sits in the next cubicle!!!
Which was better, the former or the latter???
After getting back from a tiring play, we used to do our home work!! Now who knows/cares about home; all we do is just work!!!
Which was better, the former or the latter???
We knew our history and economics!! Now let alone reading books, we don't even catch up with the daily news!!!
Which was better, the former or the latter???
We had an aim in life; backed by our teachers!! Now we have no idea about the future nor do we find anyone who would tell us anything!!!
Now just ask yourself,
Which was better, the former or the latter????
Pocket money from Dad was Rs. 200/- per month, in that we were not only
able to eat stomachs fill, but we were able to save too!!!
Now we earn a sum of more than 20K, we have no idea where it goes, let
alone saving it!!
Which was better, the former or the latter???
6 subjects per year, 6 different teachers! One project since we joined and just one manager!
Which was better, the former or the latter???
We used to make notes; we used to study for ranks!! Now we scan thru our mails; we struggle for our ratings!!!
Which was better, the former or the latter???
We have still not forgotten the people in the next section!!! Now we don't even know who sits in the next cubicle!!!
Which was better, the former or the latter???
After getting back from a tiring play, we used to do our home work!! Now who knows/cares about home; all we do is just work!!!
Which was better, the former or the latter???
We knew our history and economics!! Now let alone reading books, we don't even catch up with the daily news!!!
Which was better, the former or the latter???
We had an aim in life; backed by our teachers!! Now we have no idea about the future nor do we find anyone who would tell us anything!!!
Now just ask yourself,
Which was better, the former or the latter????
Sunday, March 30, 2008
Localization of Employement?
Very recently all the news channels were beaming about the attrocities on the north indians in Mumbai..
Later, i had some stimulating discussion with my roomie on this topic. Well, on the face of it, its definetely inhuman and unsocial behaviour but point to make here is that all these clashes/crimes are hapenning at the low end of the pyramid (drivers/ labourers etc.) - where getting a full time meal is a struggle in ones life.. When it hits hard on the stomach, nobody cares for ethics and socialities. Survival becomes the prime motive of life. And the aggression builds up when u c an outsider coming and snatching your food.. this sentence might seem a bit too unreasonable.. Well, "outsider", i guess i can legally prove it..
Our govts are split into the state and central and we have separate state and central taxes. The native of a state has contributed immensely to the development of his state through his taxes and it becomes his right to taste the success of the development which also means better employment etc. You might want to argue that the private ownerships and businesses should not be brought into this fold. But tell me, isnt the state govts responsible for fostering the private development by giving various sops and investment incentives - all these are indirectly at the cost of the tax paying state people. So, it becomes a legal right for the localites to have a better edge than the "outsiders".
The political bias:
This issue also has a neat political angle. The netas want to garner the huge public (local) votebase by alienating the "outsiders" and creating scope for development of the localites.. And most of the "outsiders" hardly vote at the local residing constituencies. And rightly, why should the politician care about the people who dont even care to vote
Solution:
Ofcourse, violence isnt a solution.. no development can be achieved with violence (eg. Bihar, UP). But surely, the locals should have an edge over the outsiders. One good option is to levy some "outsider tax" (till some threshold time) to an extent where it becomes less reasonable for an outsider to take low level jobs. This way , it makes sure that the development of the state reaches the bottom of the pyramid to some extent. And the money garnered through this "outsider tax" should help fund training institutes/finishing schools for the localites to take up competitive positions in the industry.
http://timesofindia.indiatimes.com/Cities/6_taxis_run_by_N_Indians_damaged/articleshow/2910749.cms
Later, i had some stimulating discussion with my roomie on this topic. Well, on the face of it, its definetely inhuman and unsocial behaviour but point to make here is that all these clashes/crimes are hapenning at the low end of the pyramid (drivers/ labourers etc.) - where getting a full time meal is a struggle in ones life.. When it hits hard on the stomach, nobody cares for ethics and socialities. Survival becomes the prime motive of life. And the aggression builds up when u c an outsider coming and snatching your food.. this sentence might seem a bit too unreasonable.. Well, "outsider", i guess i can legally prove it..
Our govts are split into the state and central and we have separate state and central taxes. The native of a state has contributed immensely to the development of his state through his taxes and it becomes his right to taste the success of the development which also means better employment etc. You might want to argue that the private ownerships and businesses should not be brought into this fold. But tell me, isnt the state govts responsible for fostering the private development by giving various sops and investment incentives - all these are indirectly at the cost of the tax paying state people. So, it becomes a legal right for the localites to have a better edge than the "outsiders".
The political bias:
This issue also has a neat political angle. The netas want to garner the huge public (local) votebase by alienating the "outsiders" and creating scope for development of the localites.. And most of the "outsiders" hardly vote at the local residing constituencies. And rightly, why should the politician care about the people who dont even care to vote
Solution:
Ofcourse, violence isnt a solution.. no development can be achieved with violence (eg. Bihar, UP). But surely, the locals should have an edge over the outsiders. One good option is to levy some "outsider tax" (till some threshold time) to an extent where it becomes less reasonable for an outsider to take low level jobs. This way , it makes sure that the development of the state reaches the bottom of the pyramid to some extent. And the money garnered through this "outsider tax" should help fund training institutes/finishing schools for the localites to take up competitive positions in the industry.
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