Governance planks in the past
planks in the past. For example, Christian Democrats in Europe, and Republicans in the US have focused more on terrorism and internal security, while Social Democrats in Europe and Democrats in the US have concentrated more on labour and health policy. But then, how does one justify the quite clear-cut jingoism in the past few years that has reverberated across even American vote banks? Rodrigues accepts, “Post 9/11, immigration, race and religion have fast taken over frontal positions in the election rhetoric. Parties with little or no focus on development have won in Holland, Denmark and Switzerland, solely based on xenophobic plank. Even in the US, we’re now discussing more about a woman (Hillary Clinton) challenging an Afro-American (Obama) and an Evangelical challenging a Mormon. But I can confirm, this is a passing phase.”Unmistakably, there is no clear-cut correlation that can be drawn out globally between good governance and re-election, or election. While in some limited parts of the world, that equation still holds, in many other parts of the world, politicians continue to play the role of shrewd re-musketeers, simply repackaging non-governance oriented fustian balderdash to appeal to mass perception. Quite sonorously, in these cases, magniloquent pomposity – driven by fundamentalist/religious/extremist ideologies – works better towards re-election than transparent governance and development efforts.
The scenario, in such a case, is nothing short of chillingly frightening. How far lies the time when an extremist or terrorist outfit – backed by fanatical rants and like-minded mass support – comes to power in a nation that has the capacity to manufacture nuclear bombs? Mahmoud Ahmadinejad became the ‘democratically’ elected President of Iran in August 2005. Ahmadinejad continues, despite global opposition, to develop Iran’s nuclear program, professedly for only peaceful purposes. Ahmadinejad stands tall by his incorrigibly contumacious statement that the nation of Israel must be wiped off the map. How far lies the time when he puts his money where his mouth is?
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generation consoles Nintendo Wii and Microsoft Xbox 360, Sony’s much hyped PS3 is finally delivering the expected. Not only has the PS3 come out of its initial phase of sluggish sales, it has in fact defeated the most popular (and highest selling) gaming console of last year, Nintendo Wii, in the all important Japanese market. According to the figures released by magazine publisher Enterbrain, for the four weeks ending November 25, Sony was able to sell 183,217 PS3 consoles in the Japanese market, while Nintendo could only manage to sell 159,193 Wii consoles.
Operating Systems (OSs), the three Cs that underline the general rules are – Consumerism, Communication and Computing. And to talk about the terminologies that we associate with the host of OSs at our disposal today – Linux, MacOS, Minix, Trinux, UNIX, Vistas, and Windows – whose respective futures too get moulded solely by the manner in which perception of computing changes as Vikrant Khattar, (Sr. System Engineer, MGDI, Hyderabad) asserts, “The next-generation operating system has to start with the user and user interface (UI) wherein the UI will be three-dimensional. The OS of future has to be synchronous with the development of processors.” And in total realisation of this truth, many Computational Research Laboratories are mushrooming across the globe, redefining & revealing their unique progressive forms of the link between the user and his/her hardware (desktop, laptop, palmtop, mobile et al) – of the next generation OS!
in any basis, it is alarming for the investor; for instance change of AMC or fund manager. A change in fund manager is a cause of little worry in passively managed funds, but one should become cautious if his fund is actively managed. The fund’s performance needs to be closely observed after such a change. If it continues to be satisfactory it is fine, otherwise one could exit from the fund.
Google, has always believed in liliputian marketing efforts. However the results have been spectacular – the ‘most valuable’ brand for 2007 as per MilwardBrown valued at $66.43 billion (annual brand value growth of 77%) and the ‘most improving’ brand as per Interbrand for 2007. But just as Schumpeter would smile with Google as his disciple (following his ‘Theory of creative destruction’), Google has changed; and a company which primarily built itself as the most powerful brand through “word of mouth” publicity and “peer-recommendation” is now, not even sparing those scant advertising spaces on trains and buses in Chicago and San Francisco! The on-transit ads are meant to provide publicity to Google Maps (one of its most recent launches) to nab the spreading net of online and mobile-ad dollars. Google is currently busy extending its solutions portfolio, providing relief to its online-search advertising which currently garners 99% of its total revenues – a worthy deal for Google as analysts believe that Google’s main challenge is to maintain rapid growth of its top-line which has grown by a 5-year CAGR of 106.73% to touch $16.59 billion in FY2007!
asset management companies (AMCs) are doing it – fulfilling wishes. With the stock market rollercoaster giving nightmares to investors; many are seeking alternative investment options. And AMCs are continuously providing them with new opportunities like real estate funds, infrastructure funds, commodities fund, world gold fund, et al. Now (thanks to the tightening of oil supply and concerns for the environment due to global warming) AMCs have found an opportunity in natural resource sector and the alternative energy sector. While Reliance and DSPML were the early birds to come out with such innovative schemes; more AMCs are now joining the fray. Such funds with focus on energy and natural resources sector are set to explore potential investment opportunities in such sectors. Also, these are “innovative products to complement the current portfolio of funds,” feels Ashwani Kumar, Fund Manager, Reliance Capital Asset Management.
victim to the subprime mortgage crisis has become the order of the day. But despite a strong positive expectation banking giant Citigroup Inc. falling prey to sub-prime related write downs and credit costs for the second quarter in a row has definitely aggravated the prevailing discomfort in the banking industry. After posting huge $9.83 billion loss in the last quarter of FY07, Citigroup has registered losses worth $5.1 billion for the first quarter of FY08. The group’s banking division alone clocked losses to the tune of $4.48 billion. Earlier in March 2008, when Vikram Pandit, CEO, Citigroup announced the separation of its financial services and credit card division, the move was seen as an attempt to shuffle the organisational structure, but now it seems it might actually have some other motive.
and Murali are waiting with folded hands for Sameer and Puneet to ambush and then annihilate them. They have retaliated by launching their own version of a price war. “We don’t want to give it an undue advantage by the way of price of the newspaper and hence we reduced our price to Rs.2.50 from Rs.3.25. By this way the readers get an advantage of ‘Rs.27 a month,” says N. Murali, Joint Managing Director, The Hindu Group of Publications. But a question that even Rajnikanth and Kamal Hassan will find difficult to answer is: Is a price tag of Rs.2.50 low enough when TOI is offering subscriptions at a throwaway Rs.1 per day? Always take claims with a pinch of salt. But some claims need to be taken seriously. While The Hindu has a circulation of Rs.3 lakh in Chennai, Dhariwal claims that the print run of TOI on the day of launch was 2 lakh.