Saturday, September 29, 2012

September 29, 2012

Comment of the decade (on Business Insider's 1068th Marissa Mayer story):

Is Farrukh Dhondy aware of Nafeez Ahmed's post about Abu Hamza's links with MI6? The sad part is that the visibility such an op-ed column gets is orders of magnitude greater than what Nafeez Ahmed's writing does.

Thursday, September 20, 2012

September 20, 2012

The Hindu on allowing FDI in retail:
Even within the retail trade, the government’s claim that FDI is good for the nation is difficult to defend. The success of large retail cannot be based only on the expansion of the retail space, but requires acquiring a share of the existing space occupied by small retailers. NSSO data for 2009-10 indicate that the occupational category consisting largely of the wholesale and retail trade employed 44 million Indians. The displacement of a substantial number of these workers is inevitable. Since the economies of scale and scope that size delivers in organised retailing are expected to reduce costs by raising labour productivity, the expansion of large retail will not compensate for this employment loss.
Which reminds me of this comment by 'StarmanSkye' at RI:
 I guess the New Politics of neo-Conservative values which we see in the unprecedented official government protection that encourages the power & privilege of the financial criminal class suggests a kind of logical argument can be made that the trend from "Its the duty of every American industry, company, corporation, business person and citizen to maximize their profits by any *legal* means allowed, including evading, deflecting, eliminating or deferring their tax liability" leads to:
"Its the duty of every worker to inhibit productivity by any and all means *legally* allowed so as to stimulate maximal employment of the work force".
Game, set and match.

Thursday, September 13, 2012

September 13, 2012

Rotten meat? More like local traders being undercut by low-cost 'imports' from neighbouring states protecting their turf by siccing the authorities on the pretext of hygiene.

Reminds me of restaurant owners suddenly developing concern for their patrons and trying to protect them from the unhygienic food in roadside eateries some time back.

Thursday, September 06, 2012

September 6, 2012

Well, Mish finally addressed the real estate scenario in India and, as I expected, didn't have nice things to say about it.

There are times when you hear so many good things about something -- be it a book, a movie, or a song -- and when you finally get around to reading/watching/listening-to it, the experience is quite underwhelming because of the raised and unrealistic expectations. Cryptonomicon falls into this category for me. While portions of it were good reading (especially the crypto anarchy bits), overall the book simply rambles on and on for 900+ pages. The fact that I enjoyed Bruce Schneier's appendix on the Solitaire crypto system more than at least 50% of the book says a lot.