Tuesday, June 29, 2010

Monday, June 28, 2010

i'd rather have the money please

I never did understand the misplaced anger on the former executives who've been sentenced to jail time. Them serving time won't help the victims; and a trade-off between jail time and higher compensation should be acceptable to most. Of course, this doesn't take away from the embarrassment that is the Indian judicial system that took 26 years to even get to this point. If the oil-spill was happening off the coast of Bombay, BP wouldn't be half as bothered.

Monday, June 14, 2010

famous last words? or just hubris?

"It turns out, by the way, that oil rigs today generally don't cause spills," the president said. "They are technologically very advanced." That's the Nobel Pfaff Prize winner for you. Eighteen days later, the Deepwater Horizon rig went off like a bomb. Will the Swedes at least ask for the medallion to be returned now? 

HT: Wafa Hakim Orman

Tuesday, June 08, 2010

320 deaths every day!

That number has just got to be unacceptable, period. and India seem's to achieve it with far fewer vehicles per capita than quite a few other nations. 

These are the two most telling statements in this article - "Evidence of road accidents seems to be everywhere in urban India." and "it is rare to meet someone in urban India who has not lost a family member, friend or colleague on the road." 

I've seen the signs myself quite a few times and know too many people who've died in road accidents. I used to ride a motorcycle for over 10 years on those very streets. Having witnessed traffic in other parts of the world, now I wouldn't dare get on a two-wheeler. 

Seems like things have just got worse. Depressing!

Monday, June 07, 2010

location is as important as ever

very true. tim harford with an excellent piece on the mystery of knowledge 'in the very air'

also, this kind of stuff is exactly why i'm leaving Dubai to move to London.

Wednesday, June 02, 2010

Of course, its all the fault of the bankers!

These sweet people who willingly signed refinancing deals when the times were good could never be blamed. There are so many things wrong about this story, I don't know where to begin. Its tales of such stupidity that really get my goat. When borrowers bend rules to get out of paying their fair due, its all good. No one likes Shylock, very understandable but please then don't stand around in wonder when the lending dries up.