Archive for December 23rd, 2011

Two mistakes holding Indian economy?

December 23, 2011

Mihir Sharma has this article in BS.

He says there are two mistakes which are holding Indian economy:

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Books to read on financial speculation

December 23, 2011

John Gapper, FT’s chief business commentator picks his 5 books to read on financial speculation. He says we all have a bit of rogue trader in us.

Interesting picks for the kind of financial sector  developments we are seeing these days…

An economy is like a cloud…

December 23, 2011

A brilliant article by Henry Mintzberg of  McGill University and author of Managers not MBAs :-).

He begins by saying economy is like a cloud:

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Wall Street jobs and bonus cuts to hurt growth??

December 23, 2011

I am not even sure how should one react to such stuff. This news item from Reuters says:

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Do Newspapers Matter?

December 23, 2011

Yes they do. My media friends have this nice empirical paper to show and prove their might.

There is an interesting research on the topic by Miguel Garrido and Sam Schulhofer-Wohl of Minneapolis Fed. Results are summarised here as well.

They point there were something like 689 city newspapers in US a century ago. This has shrunk to just 11 city newspapers. What is the impact of this decline? There have been some studies but cannot separate correlation from causation. This paper runs on a natural experiment and hence one can track the impact easier.

What is the natural experiment?

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