Meltdown Postmortem

Lot of analysis and discussions are going on across the internet and media about the current meltdown, the way out of it. Lots of conspiracy theories have popped up and quite a lot of economists have discussed opposing theories. Check out the two videos below for example:

I personally believe there is too much simplification of the issue in most media discussions. What is happening is not a result of simple economic theories, nor the result of pure political manipulation at the international level.

There is too much of a mix of US domestic policies vs. US and Europe's international economic policies and India-China's sudden rise and emergence as global "cheap" goods and services destinations (and resulting loss of low value jobs in the developed economies).

Add the large scale immigration of Africans to Europe, Mexicans to US (Indian immigration to US is mostly skilled jobs and far too less in no to become a factor though), and thus the loss of low value jobs for natives in these geographies.

So, I dont think only economists can answer the questions - it actually needs a whole big debate between political commentators, economists, social researchers, and the debate needs a lot of data crunching supported by mathematicians of megalomaniac calibre. And probably huge supercomputers to validate the resulting models ...

I believe mankind is still far from the situation where we can really build a model for what had happened.
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Ekla Chalo re

Watched "Bose- The forgotten Hero" on Saturday. Gem of a movie and probably the best of Shyam Benegal. Subhash Chandra Bose has always been an inspiring character in the history for the youth. This post however is not about the movie, its about the lead song 'Tanha Rahee' which is based on the poem 'Ekla Chalo Re' by Gurudev Rabindranath Tagore. I had pasted the English translation of this poem on my blog earlier. http://the-complete-man.blogspot.com/2004/12/tsunami-times_30.html However, yesterday I found the original bengali text of the poem and found that the meaning in the above translation was not exact. So I have endeavourer (with the help of Shubham ) to re-translate it into English and Hindi by myself. Here is the output of my work: Bengali Jodi Tor Dak Soone Keu Na Asse Tobe Ekla Chalo re Ekla Chalo Ekla Chalo Ekla Chalore Jodi Keu Katha Na Kai Ore Ore O Abhaga Jodi Sabai Thake Mukh Firae Sabai Kare Bhay Tabe Paran Khule O Tui Mukh Fute Tor Maner Kath...

Vikramaditya - Myth or Reality

A statue of Vikramaditya at Vikramaditya ka Tila / Vikramaditya's Singhasan Battisi On a recent visit to Ujjain, I found myself drawn to the city's extraordinary blend of history, mythology, and spirituality. As I stood before the Mahakaleshwar Jyotirlinga, I reflected on its significance as one of India’s most revered shrines. Yet, amidst these sacred surroundings, I encountered narratives of Vikramaditya - the legendary king of Ujjain, celebrated for his valor and wisdom, who's name resonates from the folklore of locals to every part of India. Every time we celebrate a festival in India, it is marked with a tithi i.e. date as per the Indian calendar - which is called the Vikram Samvat calendar, attributed to being founded by Vikramaditya of Ujjaini (the then name of Ujjain). What struck me, however, was the curious fact that despite Vikramaditya’s pivotal place in Indian cultural memory, his existence as a historical figure lacks definitive evidence. My exploration l...

A lakh! A Crore! ... then why not an Arab?

India is a true melting pot - and the language we speak are true representations of the same. In any given location, the way people speak (the dialect, the accent and vocabulary inclusive) is a wonderful mix of local, regional, national and even a bit of international influences. To take some examples: Bangalore lingo: "Enjoy Madi!" Mumbai lingo: "Its all over Akhha Mumbai yaar" Some International sprinkled in: "Dude! Hows life yaar?" All in all - India has been pretty successful in integrating its regional disparities with nationally pervasive trends and a bit of International lingo as well (thanks to its diaspora). The same has happened in terms of the numeral terminologies that we use. In India - even with the English media, we use terms like a 'lakh' (= hundred thousand) or a 'crore' (= ten million). But what is surprising is that beyond these, the media usually follows the international numeric term - billion. This is in spite of th...

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