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Internet or washing machine? Choose the latter anyday
At a recent family dinner I sat through two younger cousins talking about the love of their lives: their latest mobile phones. The glow and the happiness on their faces was very visible, even though they were at the opposite ends of the spectrum. One had bought the latest version #Ha-Joon Chang #Innovation #Internet #Robert Gordon #Washing Machines #WorldWideWeb
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Why Manish Tewari’s zero loss theory doesn’t hold much ground
If you keep repeating something people might finally start believing you, one day, someday. Or so seems to go the logic in the Congress Party. The Party has gone on and on about how the loss numbers regarding the various scams put out by the Comptroller and Auditor General (CAG) of India #CAG Vinod Rai #Coal India Limited #Coalgate scam #Comptroller & Auditor General #HowThisWorks #Manish Tewari #Manmohan Singh #PV Narasimha Rao
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Gold will rise against USD; it may hit a ‘new high by 2013-end’
Nick Barisheff is the founder, President and CEO of Bullion Management Group Inc (BMG) and the author of $10,000 Gold: Why Gold' s Inevitable Rise Is the Investor's Safe Haven. Widely recognised as an international bullion expert, Barisheff speaks to Vivek Kaul in a free-wheeling interview on the future of gold and #000 Gold #10 #Nick Barisheff #The Gold Bug
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Wilful blindness links BCCI, Murdoch and Lehman Bros
News of the World was a British newspaper, owned by media mughal Rupert Murdoch, which published its last edition on 10 July 2011. The newspaper shut down after it was discovered that the employees of the newspaper had been hacking phones, using private investigators and even bribing the police #BCCI #Chennai Super Kings #Gurunath Meiyappan #Indian Premier League 6 #IPL #IPL 6 #Spot fixing #TheLongView
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Decoding the great Indian real estate ponzi scheme
A headline can sometimes tell you the complete story. The May 20, 2013, Hindi edition of the Business Standard had one such headline. “Intehan ho gayi intezar ki, aayi na kuch khabar ghar bar ki (Its been a long time waiting, and there is still no news of the house),” #Debt #DLF #HowThisWorks #Ponzi scheme #Project launches #property #Real estate
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Why Congress has learned the wrong lessons from India Shining
Human beings love a good story. And a good story is complete. If something has happened, there needs to be a ready explanation available for it. Nassim Nicholas Taleb writes about this in Fooled by Randomness. Taleb recounts watching Bloomberg TV, sometime in December 2003 around the time Saddam Hussein #Bharat Nirman #BJP #Congress #India #India Shining #Manish Tewari #ToWhatEffect
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Indian politics and its Lalu Prasad Yadav syndrome
During his heydays in the 1990s and the early 2000s, Lalu Prasad Yadav never organised political rallies. He organised Railas. These were very big political rallies held at the Gandhi maidan in Patna. And they were deemed to be so big by Lalu that the feminine sounding word 'rally' proved inadequate to #bIhar #Lalu Prasad Yadav #PoliticalPlay #Politicians' children
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Food Security Act an opportunity for Rahul to say I don’t want to be PM
The Congress-led United Progressive Alliance (UPA) government is in a hurry to somehow introduce the right to food security during the course of this year. Media reports suggest that a special session of the Parliament may be convened to get the bill passed But there are several major questions #HowThisWorks #PDS #Rahul Gandhi #Rice #Right to Food Security #UPA #Wheat
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If gold is a bad investment, so are stocks
Gold is a bad investment. This is something that is being often heard lately. The naysayers have all come out of the closet after the recent fall in price of the yellow metal. While it was rallying, they didn't have a word to say. One of the main reasons offered in favour #ConnectTheDots #DOW #Gold #Investment #nifty #Sensex #Stock market #stocks
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Why actor Sanjay Dutt doesn’t deserve a pardon
Subhash Ghai's Khalnayak with Sanjay Dutt in the lead role released on June 15, 1993. This was around two months after Dutt was first arrested on April 19, 1993, for his involvement in the Bombay bomb blasts which happened on March 12, 1993 (Bombay is now Mumbai). The story goes that #ConnectTheDots #Sanjay Dutt