Tuesday, September 30, 2008
Sambit Bal
Why don't
What is the need of the hour
For people who think regulation works, do you know the biggest firms that went bust first were the most regulated firms (Fannie and Freddi Mac).
Monday, September 29, 2008
The bailout is off
Weird day
Anyway, hopefully someday soon it will get better.
Sunday, September 28, 2008
Different perspectives
Friday, September 26, 2008
Weirdness
Thursday, September 25, 2008
Sometimes
Anyway!
Wednesday, September 24, 2008
Interesting
Although you may be quite pensive about the gulf between what you want and what you have, your day brightens when the Moon returns to your sign this morning. Still, you have much to reconsider, especially if your current line of thinking hasn't brought the rewards -- emotional and financial -- that you seek.
Funny
Wishing luck to Viru and his Delhi team. (Didn't I support Delhi in IPL too. Delhi is fast becoming my favorite state/city. Of course it all boils down to one man!)
Playing domestic cricket
Aakash Chopra in a forthright interview with Nagraj here
A nice excerpt
Last year you spoke about how Rahul Dravid met you at Hove and said you were in contention for the opener's slot still. What has Virender Sehwag's advice to you been?
Viru will always give you a perspective in as few words as possible. You might like it or might not but he has your best interests at heart. For example, when I wasn't picked this time for the Australia series, he said "Aakash, you'll play for India. If myself or Gautam [Gambhir] don't make runs in the next four Tests, your name might come again, but if both of us make runs then your name will not come up." He is black and white always in what he says or does. And you need to take him at face value.
One more reason for me to love Viru. I wish I could always talk in black and white too (in addition to hoping to play cricket like him)
Tuesday, September 23, 2008
Becker
Final crisis - a layman's perspective
Here are some interesting excerpts
But there are two other lessons. First, most financial crises are followed by years of sub-par economic growth. Second, the final cost of bailouts averages around 13% of GDP, according to a 2002 World Bank study cited by MoneyWeek columnist Adrian Ash this May.
Three things follow from all this. One, the US government has — for all the ambiguities in the Paulson package — done well to move fast and prevent further financial deterioration. Two, the US economy is very likely to have at least a few years of anaemic growth or recession. Three, the current cost estimate for the bailout — $700 billion, or around 5% of US economic output — is most likely too low.
This would be interesting
link via (economist free exchange)
Gordon Brown is preparing
to deliver a speech that may make or break his political future. The beleaguered prime minister has been readying this speech for a month now. He'll aim to increase confidence in his leadership, but the one included idea cited in the press—a £300 education programme—is hardly impressive stuff.
Monday, September 22, 2008
Very clear
All I can do is wish for better things for people I care about!
Meeting
Fall
There is an element
See the excerpt
Considering that Wall Street firms spend all day dealing with the market, they have been slow to understand just how vulnerable they were to it. Companies like Lehman and, earlier, Bear Stearns saw going public as an excuse to take on more risk and act more recklessly, when in fact becoming a public company makes caution more important, since the margin for error is smaller, and the punishment for failure swifter. Now that the government has acted, Wall Street (or what remains of it) may yet be able to regain investors’ confidence. But long-term survival really depends on remembering the fundamental truth about playing with other people’s money: it’s a lot of fun until they suddenly decide to ask for it back.
The man of the moment
Hmm
Saturday, September 20, 2008
Arbit
Anyway, as friends we will do whatever we can!
A very interesting
See this for instance!
Not very easy I think!We’re going to need regulators who can anticipate what the nextWall Street business model is going to look like, and how the nextcrisis will be different than the current one. We’re going to needsquads of low-paid regulators who can stay ahead of the highly paidbankers, auditors and analysts who pace this industry (and whothemselves failed to anticipate this turmoil). We’re apparently going to need an all-powerful Super-Fed than can manageinflation, unemployment, bubbles and maybe hurricanes — all at the sametime! We’re going to need regulators who write regulations that controlrisky behavior rather than just channeling it off into dark corners,and who understand what’s happening in bank trading rooms even if theC.E.O.’s themselves are oblivious. We’re also going to need regulators who can overcome politics and human nature. As McArdlenotes, cracking down on subprime loans just when they were gettingfrothy would have meant issuing an edict that effectively said: “Don’tlend money to poor people.” Good luck with that.
New female political sensation
This sounds pretty impressive
But while watching the news yesterday on the Israeli situation (thanksto SBS, which covers international news quite thoroughly) I was struckby Livni’s smartness, poise and the authority with which she carriesherself (check the video above). Plus, she was a former Mossad agentand a lawyer, and is currently handling international diplomacy in oneof the most volatile areas of the world. In my eyes, all that makes herfar more attractive!
Friday, September 19, 2008
Thursday, September 18, 2008
McCain seems
Yes, I agree
(An aside: But, in India (for that matter any society) people won't let it be that simple
In place of In India, I wrote in this country and then realized I live (and have been living here for 4 years) in USA. So corrected it to in India. Such thoughts chill me sometimes)
There surely
An excerpt
International cricket will die of neglect if this pattern carries on. Zimbabwe is already a basket case; West Indies is relying on Allen Stanford to kiss it back to life. Many of Bangladesh's senior players, who have never yet been invited on a full tour of India in spite of playing them in the country's maiden Test in November 2000, have given up hope of ascending to the big time, and have instead sold their souls to the Indian Cricket League. Don't be surprised if a raft of Pakistanis follow suit. The Champions Trophy may have been detested as a competition, but right now, no one feels quite as detested as its jilted host.
When she wants
These are questions you need to ask yourself!
I’d like to think that I would risk my life to save another person. I’d like to believe that I would take a bullet to save my best friend. But it is hard to be sure. What is character until it is tested?
Mother
Only a mother can say this!
Friends will come and go, the OA and I might divorce - everything can be forgetton. But my children even if they hate me and go away - will always be my children. And there will come a night when they will no longer need me and that is when I will remember the sleepless nights. The difficult pregnancies, the painful deliveries, the nights of breastfeeding, the waking up at nights… and now this - the odd night when my son still needs me.
American Economy
Lehman 639$ billion. The second value is 100$ billion, third (the famous Enron) is 63$ billion. The magnitude of Lehman is so huge. It begs the question what the regulatory organizations were doing when the firm was collapsing that heavily? Weren't there any signs or pre-cursors to the eventual downfall? Sounds unlikely to me. But what do I know of finance and markets!
Source and more details see the full article on Rediff
Work
Anyway!
Now if you are Congress
For a day
Small things
Things are bleak
See for instance (full link here
If you were wondering whether this financial crisis was a global phenomenon, wonder no longer. The world's major central banks jointly announced an effort to provide an additional $180 billion in emergency funds, bringing total auction facilities to $247 billion. The Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan, the Bank of Canada, and Swiss National Bank participated in the effort, the announcement of which calmed Asian markets and reduced overnight rates, but which hasn't yet had an impact on longer-term interbank rates.Bad days I guess! For how long is the important question!
Wednesday, September 17, 2008
Another
My semester
The other part of my semester is revolving around a statistical consulting course that I am taking. This allows me to interact with professors from various departments that employ statistical techniques to solve their research problems. It is interesting to see how people from other departments look at statistical applications. For them these are tools that they need to learn as appropriate. I work in an area where I need to improve (sometimes enhance) the existing methods to develop new models. So, the way I look at statistics is slightly different. But it surely makes you appreciate what you do more! Today I have a consultation session to get a feel for my second problem that I will be assisting this semester. Lets see how that goes !
Tuesday, September 16, 2008
Something
The Girl From Ipanema write a very interesting post related to this. I have to agree with her.
Hmmm
Sometimes they don't.
Sometimes I just do not understand what to do.
Sometimes I feel I went overboard.
Anyway!!
Monday, September 15, 2008
Home minister speaks out
Read the below excerpt from his comments (full text here)
Again, he was careful to counter the charge of being "soft" on terrorism by pointing out that he was adhering to a policy framework set out by the Congress leadership. "My party's ethos is to do justice and to see it is done in a manner which contains and controls criminal and terrorist activities and at the same time does not give any opportunity to human rights violations," he said.
Refuting the charge of intelligence failure in the Delhi blasts, he said as he has in the past with regard to other attacks like 7/11, "It (inputs) were available with us in Delhi also. But what was not available was the timing and the method to be used for the purpose." He claimed that this was the case even before Gujarat chief minister Narendra Modi warned of an attack on the Capital. Unfortunately for him, the claim does not seem to carry conviction even with his colleagues who are worried about the political cost of his continuation in the home ministry.
I can see only two things from this text:
1) I don't care about innocent people dying as long as we keep our muslim vote bank happy
2) I don't see why I will be held accountable for the bomb blasts when all I do is follow my party orders!
Hindoo Calculator
A nice quite of Ramanujam
An equation means nothing to me unless it expresses a thought of God.
Link via desipundit
A Wednesday
Sunday, September 14, 2008
Running
I actually
Saturday, September 13, 2008
More on the
Here Jagdish points out objectively how Sivraj Patil has been an arsehole
A rather violent approach proposed by Atanu Dey
Virender Sehwag
So here he talks about Geoffrey Boycott
"Boycott can say what he wants. He once batted the whole day and hit just one four"
Virender Sehwag takes recourse to history to hit back after Geoff Boycott referred to him as "talented but brainless"
I love this quote from him
After a long time
Rohit Brijnath
Not bad huh
He has now reached at least the semifinals of his last 18 grand slams. Pete Sampras’ best streak of grand slam semis (or better) in a row was three. When Federer won, relief was on his face and in his words.
Fighting terrorism
"This government is soft on terror. It has sent a signal that its softness on terror is minority friendly. The softness on terror is being used by the UPA as an instrument for vote bank politics," said Modi.What more can be a scathing attack on the inefficiency of this central government!
Singur and Tata Nano
Anyway!
Serial blasts in Delhi
Friday, September 12, 2008
Seems like a time for
"He will run into a wall for the captain".That pretty much sums it all!
If you like
Squash
Work this week has been better. I still can work better and soon I hope to be at my optimal levels.
Thursday, September 11, 2008
One of favorite
An insight
Nice article
I liked this the most for reasons that are obvious
Both Flintoff and Lee may have been a bit less so in their youth but that’s just part of growing up. Lance Klusener too finished his career giving the impression of someone who put cricket in perspective. In the modern game, Mike Hussey, Dwayne Bravo, Shane Bond, Kumar Sangakkara and Virender Sehwag appear to have similar sunny dispositions. It could be an elaborate disguise but one hopes not. They all seem genuinely likeable characters.
Weird days
All you can do is for it to subside.
Wednesday, September 10, 2008
John McCain
Anyway, just to clarify, I do not endorse what McCain is doing or for that matter what Obama does. It does not affect my life here (I hope so), so i can afford to be indifferent and yet enjoy the drama!
Tuesday, September 09, 2008
Obama's lead
Something called Bradley effect might be in play in the case where people belonging to the majority race might say they will vote for the candidate from minority community (or for a minority cause) only to feel good.
More here
(Link via Amit Varma)As I write, several polls give Obama about 47 percent and McCain about 45 percent, a decline of several points for Obama from the polls of May and July. The rest of the respondents say they are undecided. At the same time the state-by-state estimates by pollster.com show Obama leading in electoral votes, with 102 such votes
a “toss-up.” The numbers will probably have changed by the time you read this. Yet now and later, there’s a chance that the real percentages will be the reverse of those I’ve cited. Some people who are telling pollsters they’re for Obama could actually be lying.Such behavior has been called the “Bradley Effect ,” after Tom Bradley, a black mayor of Los Angeles who lost his bid to be California’s governor back in 1982. While every poll showed him leading his white opponent, that isn’t how the final tally turned out. Things haven’t been far different in some other elections involving black candidates. In 1989, David Dinkins was eighteen points ahead in the polls for New York’s mayoral election, but ended up winning by only a two-point edge. The same year, Douglas Wilder was projected to win Virginia’s governorship by nine points, but squeaked in with one half of one percent of the popular vote. Nor are examples only from the past. In Michigan in 2006, the final polls forecast that the proposal to ban affirmative action would narrowly prevail by 51 percent. In fact, it handily passed with 58 percent. That’s a Bradley gap of seven
points, which isn’t trivial.Pollsters contend that respondents often change their minds at the last minute, or that conservatives are less willing to cooperate with surveys. Another twist is that more voters are mailing in absentee ballots, and it’s not clear how those early decisions are reflected in the polls. Yet the Bradley gap persists after voters have actually cast their ballots. Just out of the booth, we hear them telling white exit pollers that they supported the black candidate, whereas returns from these precincts show far fewer such votes. Thus they lie to interviewers they don’t know and will never see again. Barack Obama wants to think “white guilt [over treatment of blacks] has largely exhausted itself in America.” I’m less sure. Almost all people who reject black candidates say they have nonracial reasons for doing so. And many undoubtedly believe what they’re saying. So I’m not persuaded that the Bradley gap won’t emerge this year. The Obama campaign would do well to print signs to post prominently in all its offices: ALWAYS SUBTRACT SEVEN PERCENT!
Aakash chopra
I always liked this guy! He played his role very well in the 04 Australian tour supporting Sehwag and taking the shine off the new ball. He writes an honest account of life in the domestic circuit.Will look forward to reading more from him.
Interesting
My horoscope !
Although your birthday may have come and gone, today may feel like a day when you can make a wish and have it come true. But as enjoyable as an unrealistic fantasy is, you're better off now focusing on the more practical aspects of your daydreams, for they reveal important clues about what's around the next bend.
Will United
(link via economist blogs)
And shares of United Airlines fell 75% before recovering yesterday, after an old story related to United's 2002 bankruptcy was accidentally reposted on a news site. Before the mistake could be corrected, shares of the airline fell from $12 to $3. United closed down just over 11%, despite wide acknowledgement that the report was posted in error.
Monday, September 08, 2008
Andy Murray
"You’ve had a great year, no matter what anyone says,” Murray whispered in his ear at the end.
This is what he said to Fed after the match point. For a 21 year old lad, who just lost his first grandslam to say such words is unbelievable. That shows a respect for greatness. I am sure Andy will have his share of greatness in the next 3-4 years. Now with those words he becomes the second player I will cheer for in the future. Go Andy, you are a genuine hope for a British champ at "The Championships" (For those who don't know what "The Championships" means see here)
A detailed
Roger Federer
I am happy he has reached 13! Way to go dude and I know you will win many more!
Sunday, September 07, 2008
Another hurdle
Anyway! Hopefully life shall move on to normalcy with time!
Weird
You may be overly busy today, but you would probably rather be
relaxing. Your first impulse is to have fun now, yet you intuitively
know that the current temptations are testing you in many ways. Don't
give in to your happy-go-lucky inner child; act maturely and do the
responsible grown-up thing instead.
Saturday, September 06, 2008
Friday, September 05, 2008
No other game
Google Chrome
Thursday, September 04, 2008
A nice article
I have been very impressed by the way he has handled the one-day team captaincy. He will be a natural to lead the test. But for that to happen, the old war horses of Indian cricket have to move to let Dhoni prepare his team. Until then letting Kumble carrying the test burden is appropriate.
How do you
There is a semblance of truth in this
The way geniuses solve this problem of intellectual arrogance is by
hanging around people with the same level of intellect as them.
I think this is how everybody solves their problem! That is one reason, once you know some people are different from you in perspectives, it makes it hard to talk to them like before!
Anyway
US Open
Wednesday, September 03, 2008
This is what I call
Ok, Dravid, Tendulkar, Laxman, Ganguly, Sehwag and Kumble have a chance to be a part of cricket history by winning a test in every test playing nation. To make sure you understand the significance of it, even the world beating Australia does not have a player who is part of the team that won everywhere! So all that the rare sextet need to do is win a test in New Zealand. I hope they will. In case you haven't noticed my dude (Viru) has played only 60 tests and yet he is in the sextet! Thats cool naa!
anyway, the full piece is here. Good job Keyur Shah!
Bihar
Vinayak Chaturthi
anyway!
Happy Vinayak Chaturthi to everybody
Tuesday, September 02, 2008
Really surprised
Monday, September 01, 2008
Aamir
The movie is based on religious fundamentalism and how normal people are forcible drawn to be a part of it. The movie is decently done! Sometimes, such things make you wonder the educated people part of the fundamentalist jihaad are drawn into it by force!
Anyway!
Argument?
Yes there are always choices to be made and the pro-life group always sticks to the same choice. The fact that choices exist does not make it a pro-choice argument. The pro-life group refuse to take the other choice. It is just to ensure they get as much publicity as possible by acting as though they made a choice, while in fact there was never one to be made.
I am not taking sides. It is for the female to choose which side she wants to be! (which shows where i stand)
I missed this one
Profile
Interesting to note a gult RBI governor replaced by another one!
What more can you say
The Solomore on the week that was from cricinfo
Like Robin Hood, Virender Sehwag looted the rich, the Sri Lankan bowlers, for the good of those rendered uncharacteristically poor, the Indian batsmen. Sehwag played the Test series in a different universe, and Sri Lanka's proximity to a win was always inversely proportional to the time he spent at the crease. In Galle he batted for 348 minutes before running out of partners. Another batsman might have scored a boy-on-the-burning-deck century in such circumstances, but Sehwag dealt out some fire of his own. Off 231 balls he scored 201; the rest - extras included - added 128 in 261 legal deliveries. Sehwag made it look so simple it was breathtaking, finding gaps in the field that other batsmen don't know of. The statistic of the innings: he took 70 runs off 77 balls he faced from Ajantha Mendis. At 199, he refused singles twice, shielding the No. 11, as opposed to rushing manically towards the double-century, his fifth. In the end, the Sri Lankans couldn't out Sehwag at all, and had to dislodge Ishant Sharma to afford themselves a sigh of relief.