Archive for March 19th, 2014

How Amit Mitra has fixed/is fixing West Bengal’s finances

March 19, 2014

Wow. This is truly the news of the day(or year may be) provided one believes the statistics.

AK Bhattacharya of BS says how Amit Mitra, Fin Min of West Bengal is reviving the state finances. More importantly minus any hype at all:

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Why indicators like GDP/FDI etc. are misleading in today’s economy..

March 19, 2014

Sometimes I feel like rejecting all economics related stuff and get onto figuring technology. After all much depends on how the latter can generate economic growth and future opportunities. The action always has been in new emerging technologies and how they can change things..

Edward Jung (earlier at Microsoft and now at Intellectual Ventures) argues why it is time to look at new metrics for economic growth. The problem is much of economic activity is getting centred around digital technology but latter is not being measured properly in traditional indicators:

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How the idea to revamp Global Cricket Governance model came from UN..

March 19, 2014

When the proposal to revamp cricket governance came out, it was hugely controversial. The proposal suggested that cricket in future shall be governed by three major powers- India, Eng and Aus. This led to troubles amidst other members who were unhappy being marginalised.

Even then, there were thoughts how the structure looked like a mini-UN kind with a permanent member security council.

Cricket Australia chairman Wally Edwards in this excellent and frank interview explains the need for these changes. Whether you like it or not, idea was to keep India happy.

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How Univ of Chicago is the most leveraged amidst peers

March 19, 2014

A superb article  by Bloomberg Columnists –  Michael McDonald and Brian Chappatta. 

They show how U of Chicago is the most leveraged univ amidst its private univ peers. This takes you back to the adage that before asking others to fix up, one should fix up his own self/home etc. Econs from UC lecture all around the world on prudent economics and finance policy. But seems to mess up their own univ accounts:

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