Will India ever learn to speak loudly— and carry a small stick? Earlier this month, the United Nations issued its first set of ‘diya’ postage stamps to mark Diwali and the triumph of good over evil. It was a nice gesture – and I possess a sheet of the stamps – but a reminder of…
The Right Honorable Enoch Powell, PC, MBE, has been a major catalyst in racialist ferment for a long time now. Powell, who celebrated his sixty-fourth birthday on June 16, has had an illustrious career. He received his M.A. degree from Trinity College, Cambridge. Between 1937-39, he taught Greek at the University of Sydney, New South…
This mid-December afternoon, the Ear detects the rumble of Old Man 76 gasping through his last lap, and the first stirrings of Childe 77. Here are some optimistic predictions for the twelvemonth ahead disregarding the doomsday projections of Malthusian midwives who expect 1977 to be stillborn: The Labor Party in Britain will label Margaret “Thatcher…
The Mac II, launched on March 2. 1987, cost $5.500 and was the first computer with a colour graphical interface. Three years earlier Apple had begun selling the LaserWriter. Combined with WYSIWYG (what you see is what you get) software, the world was waking up to the marvels of desktop publishing. Steve Jobs, who said…
From the Editor These are extraordinary times and we witness extraordinary phenomena. Three weeks before the Union Budget, when finance ministers customarily crawl under their carapaces, the honourable Member of Parliament from Sivaganga delivered a rousing speech on national security. What he said, with feeling and not a little frustration, was that we Indians seem…
You see things vacationing on a motorcycle in a way that is completely different from any other. In a car you’re always in a compartment, and because you’re used to it you don’t realize that through that car window everything you see is just more TV. You’re a passive observer and It is all moving…
Although commerce is older even than the thirty pieces of silver that persuaded Judas Iscariot to betray Jesus Christ, it took humans a long time to start to formally teach, and learn, the elements of business. The oldest business school in the world, ESCP Europe, was set up in Paris in 1819, a pipsqueak in…
From the Managing Editor An early breakfast is something that most journalists don’t care for. Most of my tribe skip it and among those who don’t, very few sip their coffee before 10 am. Like Sir Winston Leonard Spencer-Churchill, we finish our days late and start them late, you see. It was, therefore, unusual for…
From the Editor Raghuram Govind Rajan is a lucky man. Two weeks into his new job as Governor of the Reserve Bank of India his friend Ben Bernanke, who he calls “cautious and nuanced” in his book Fault Lines, handed him a big gift- a delay in the “taper” in the US Federal Reserve’s quantitative…
From the Editor Why did god create stock-market analysts? To make weather forecasters look good, runs the rather puerile joke. But seriously, company analysis is an earnest business-in much of the world, that is, except India. I remember in my wire-service days we used to have lively debates on how to report stock price movements…
There was the baby-faced ex-pilot, all thumbs as he handled the controls in his political flight simulator; the rough-spun son of the, soil, a man of diamond-hard loyalty to the ruling family. catapulted into a devalued presidency; the freckle faced widow in rebellious flow, queen of the mimics and endowed with a hard nose; the…
Two experts on Soviet studies, both lecturers in major universities, were informed late last month by the University Grants Commission (UGC) that their applications for short-term post-doctoral research trips to the USSR had been rejected. No reasons were given, but both lecturers believe it was because they were not considered politically acceptable. Another lecturer in…
Iran’s much-vaunted Islamic revolution appears to have finally spilled over into India. Chanting Allah-o–Akbar and wielding primitive weapons like lathis bristling with nails, bicycle chains, knives and iron rods, a group of 100 pro-Khomeini Iranian students attacked 25 anti-Khomeini counterparts under cover of darkness in Aligarh on June 9. The bloody battle left 14 of…
Edited excerpts of a conversation BT’s Chaitanya Kalbag and Josey Puliyenthuruthel had with GE Chairman and CEO Jeffrey Immelt On the US economy Things are getting better in the United States. It’s a slow recovery, and some of that is based on how steep the crisis was, on consumer deleveraging, and the savings rate going…
Chaitanya Kalbag Barack Obama had barely walked out of Parliament’s Central Hall when the debate began on whether his India visit was “transactional” or “strategic”. It was neither. Obama, accompanied by an unusually large contingent of CEOs, many of them small and medium businessmen, was in search of jobs. Yes, the $10 billion of purchasing…
Many anniversaries this year, but few happy ones This is a year of anniversaries , some unpleasant, some prescient, some momentous. CE 2019 is important not only because of the Bharatiya Janata Party’s crushing victory in the world’s biggest election – in many ways a more portentous event than Narendra Modi’s 2014 ascent to prime…