Tuesday, September 30th, 2008
(Re-post from March 17th, 2008)
Read carefully. I wrote ‘Great Suppression’ and not ‘Great Depression’.

1929 is etched in world history as the year that caused a great and dramatic meltdown or downturn of the world economy. The depression had devastating effects in both the industrialized countries and those which exported raw materials. International trade declined sharply, as did personal incomes, tax revenues, prices, and profits. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by 40 to 60 percent. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as farming, mining and logging suffered the most. Though the slump started in many countries much before 1929, it was the US downturn that really brought it down. (more…)
Tags: brokerage firm, cause-effect, Citibank, companies, Demand, economists, Economy, fall, fed, federal reserve, Great depression, Jesus, JP Morgan Chase, recession, Rigor Mortis, risk, spiralling down, sub prime, Supply, suppression
Posted in Articles, Economy, Geo, Thoughts | 2 Comments »
Sunday, August 24th, 2008
His glittering teeth would have got him millions of rupees had he been noticed by any toothpaste/toothbrush manufacturing companies. I had always found it one of the most endearing smiles in the world. But that day it was devoid of all that spirited charm and excitement.
I asked him, “What happened Pappu?” (that’s what they called him. Plus, I never bothered to ask him his real name)
“I was really enjoying my vacation back home in Rajasthan. I had really begun deciphering my cousins’ school textbooks but my uncle called me back to Ahmedabad,” said the 7-year-old.
Like many boys of his age, Pappu has been working at this tea-stall in front of my office building. And while I may try to be righteous enough and complain to my colleagues of how these kids are deprived of their basic rights, I end up like others apparently doing nothing about it (while it is now I realise I could have done something about it…not that it’s too late.) (more…)
Tags: authority, C K Prahalad, development, Economy, education, india
Posted in Articles, Economy, Purpose of Life, Society, Thoughts, Troubles & Problems, Vinay | 1 Comment »