A Bharti Walmart store in Amritsar. (Pic courtesy : PTI/ The Hindu)

7 reasons why FDI in retail is good for India

Now that the government has approved FDI in multi-brand retail, it has paved the way for the likes of Walmart and Amazon to set up shop in India. Predictably, there have been protests from shopkeepers and Bharat Bandhs from political parties.  Street vendors are saying the government is ignoring the working class, while others are…

paulson

Dancing on the Brink

Henry Paulson’s insider account of the financial crisis “On the Brink” is a fascinating story.   Paulson, of course, presided over the demise of Lehman Brothers and Wachovia and others as Treasury Secy.  This book is supposed to be a day-to-day account of the crisis unfolded and how Paulson and others (Ben Bernanke, Tim Geithner)…

piggy_bank

Security of some banks in name alone?

The FDIC publishes a list of failed banks in its website.  These are banks that have failed since Oct. 2000 and for which the FDIC has been appointed as a receiver.  Some of these banks have since been acquired by other banks. It is interesting (and ironic) to see how often the words “Security” and…

women_workforce

The cycle of women in the workforce

The two headlines in today’s Wall Street Journal said it all.  They brought out the history of women in the workforce in two short sentences.  The first headline read “Recession Drives More Women to Work“.  Below it, the second headline read “Returning Workers Face Big Pay Cuts“. And so the cycle continues.  Women flood into…

Don’t blame AIG for the bonus payouts

I don’t understand why so many people who should know better are demanding that AIG stop paying out $165 million in bonuses.  In particular, I am rather disapointed that President Obama chose to speak out more like a grand-standing politician than view the issue with the perspective of the lawyer that he is (or was).…

Vanishing Economic Plans

If someone had spent hours writing it as a comedy script, they couldn’t have done better.  Not that it is funny exactly, it seems more like tragedy today, but I am sure it will all seem very funny someday.  Isn’t that how true comedy works?  The jokes that seem funny right away are just slapstick,…