Whenever the Indian market has hit the current level of valuations over the past decade, it has usually delivered positive returns on a six to 12 month basis, despite valuations continuing to slide from the levels that we see currently,” analysts at Mumbai-based Ambit Capital Pvt. wrote in a research note last week.
”I got death threats from them.’They say I am promoting a Western culture and bringing kids out of their homes for recreational activity and if you continue this it might be really difficult for you.I quit coaching, but I got [picked] for [first-class] cricket and the matches were all around Pakistan. When I started performing, they said, ‘You are still involved with cricket and promoting Western culture. If you come back to home, or wherever you are, we will find you.’ I am happy that I am a good Muslim. I am doing nothing contrary to Islam.I am playing here the last two years and I am still praying and I never drank alcohol. There is nothing contradictory with Islam and playing cricket.”-says Fawad Ahmed, Pakistani cricketer who is seeking asylum in Australia
Alliances are shifting in a logical manner. The German-French alliance is breaking down in favor of contributor (higher rated credit) countries aligning against recipient (lower rated credit) countries. Similarly, the terminology to describe who is reasonable and who is unreasonable reflects these parties’ respective interests. Those who don’t have to contribute use terms like “inflexible” and “irresponsible” to describe the contributors’ reluctance to “do enough” to prevent collapse by lending more to recipients who can’t service their existing debts, while those who have to contribute use terms like “inflexible” and “irresponsible” to describe the recipients’ reluctance to “do enough” cutting of their spending and borrowing to service their debts. Students of human nature and deleveragings know that this is to be expected.
Similarly, talk of a fiscal union to resolve these problems has to be looked at in light of the question of whether it is in the interest of fiscally strong contributors to have a fiscal union with fiscally weak recipients in which the majority rules how the money is divided.
For this reason, we think the popular assumption that the Germans and the ECB (which requires agreement of the key factions within it) will come through with the money to make all these debts good should not be taken for granted. Said differently, we think there are good reasons to doubt that European bank and sovereign deleveragings will be prevented from progressing to the next stage in a disorderly way, without a Plan B in place. This “fat tail” event must be considered a significant possibility.-from Bridgewater’s Daily Observations
As KKR team director Joy Bhattacharya tweeted after Pranab-da’s name was finally announced “Pranab babu has got the ideal job of any Bengali ‘bhadralok’. Great title, huge house, lots of perks and no real power or responsibility.In Bengali, we call that a “good job””
“I have been unemployed in the past. I knew I could either stay bitter and angry, which I was, about losing my job, or I could do something about it. It is a whole new world so I have had to quickly get up to speed.I have joined networks , I am using social networking , I even bought hits for my blog to point people to my CV. After all of that, I thought, ‘why not, I’ll put myself up for sale!” he added.” said an UK unemployed father of three who put himself up for sale for 20, 000 Pounds