For Whom Wealth Matters
December 15, 2014 2 Comments
In a lighter vein, if you have ever wondered just how much cash you could sleep on, literally, here are some figures to help you get started:
My calculation is Rs 10 cr max to construct a reasonable sized double bed platform of cash. Though I have doubts about the comfort of this bed of cash!
December 15, 2014 1 Comment
“Dharmaraj has not overcome
His addiction to dice.
In every panchayat
Draupadi is robbed of her honour.
Without Krishna
Today
The Mahabharata will be fought.
No matter who claims the throne,
The poor will continue to suffer.”
-AB Vajpyee
Here’s why we’d best each focus on doing what we can, at our own level, to improve our material situation.
December 13, 2014 Leave a comment
I always read what Raghuram Rajan says with interest. He has often been dead right and remarkably prescient. Here is the full text of a speech he gave yesterday. It gives us a framework to think about economic matters for the next few years.
Make in India, Largely for India
(Talk delivered by Dr. Raghuram Rajan, Governor Reserve Bank of India at the Bharat Ram Memorial Lecture on December 12, 2014 in New Delhi)
The global economy is still weak, despite a strengthening recovery in the United States. The Euro area is veering close to recession, Japan has already experienced two quarters of negative growth after a tax hike, and many emerging markets are rethinking their export-led growth models as the industrial world stagnates. In the last couple of years, the IMF has repeatedly reduced its growth forecasts. After 6 years of a tepid post-crisis recovery, the IMF titled its most recent World Economic Outlook “Legacies, Clouds, Uncertainties”. Read more of this post
December 12, 2014 Leave a comment
Billionaire Alisher Usmanov paid $4.76 million at auction to buy James D. Watson’s 1962 Nobel Prize. Yes, the same Watson of the Watson & Crick model of the double helix structure of DNA. Usmanov, plans on giving back the medal to Watson.
As Usmanov puts it: “In my opinion,a situation in which an outstanding scientist has to sell a medal recognizing his achievements is unacceptable.”
Bravo!Well said!
wealthymatters 