Victoria Finkle has a nice piece on history of bridal outfits:
Archive for September, 2016
Warren Buffet is obviously seen as the gold standard for the investment world. But there is something else he excels at as well – financial writing. His annual letters to shareholders are gold standard as well for financial and economics writers.
Lawrence Cunningham of George Washington University looks at the secret behind the other gold standard – financial writing. He looks at few of these letters and analyses how Buffet argues for Berkshire’s strategy using rhetoric, humor and wit.
In nut shell it is about loving your job which shows in words as well:
The Tourism Department of Karnataka has again asked the various homestays to register before 15 Nov 2016 or close down.
Homestays have emerged as an excellent alternative to explore nature and local food:
How Prize in Economics in memory of Nobel came out of a vanity project between Swedish Finmin and central bank…September 27, 2016
Didn’t know this really. Avner Offer and Gabriel Söderberg have written this new book: The Nobel Factor: The Prize in Economics, Social Democracy and the Market Turn.
Prof Avner Offer in this post provides a preview. The Prize was actually allowed by FM to settled the usual dispute between Govt and central banks – to go for growth or inflation:
Prof Raman Mahadevan has a superb piece on Indian business history. It is really rare to read about Indian business history in regular media.
Prof Mahadevan says there is lot of discussion and criticism on rising corruption and greed in corporate India. But this is hardly anything new and the seeds were sown much earlier:
However, there are others as well who have been questioning state of economics who are not as well known. Here is a 2014 paper by Paul Pfleiderer of Stanford (what is it with Profs named Paul!?) who says we have a new problem. There are certain models which are full of assumptions yet are played at a policy/real world level. These models obviously don’s meet the filter of real world once assumptions are done away with. Still they remain the main ideas.
He calls such models as chameleons:
In this publish or perish world hitting all streams, research is becoming more and more irrelevant to the real/practitioner world. I mean other disciplines can still excuse themselves from connecting to real world, but business research has no such choice.
Such news developments are actually laughable.
It is one thing for “leading global rating agencies” to say India not doing enough so ratings not being revised upwards. It is completely another to see Finance Ministry officials of all people to be worried over the country ratings not being revised.
All these ratings have been thoroughly exposed in the ongoing crisis. Whatever they rated as AAA has come kaput and what they rated as BBB and lower etc is hardly as bad. So for all you know, by not revising the India ratings, the economy might be doing well.
These agencies prism of country doing well is around such narrower domains – low inflation, low fiscal/current account deficit, disinvestment, privatization etc. They can never really appreciate anything more than these 3-4 variables. And ironically, India is doing well on all these 3-4 variables!!
One is completely fed up of the tactics being deployed by central bankers worldwide to keep controlling and planning the financial economy. I did read news of yield curve control by Bank of Japan here and there in the morning, But somehow thought it must be some rumor or one of those crazy suggestions to keep hings going.
But it is true. Bank of Japan indeed is going to control the yield curve!: