Finally, the Obama team does something sensible. Whether it is out of a sense of compunction or aimed at primarily distancing itself from the acts of the previous regime is debatable. I have already harped on about how the phrase infuriated me.
Read more...Underlying the glamorous new world of finance was the process of securitization. Loans no longer stayed with the lender. Instead, they were sold on to others, who sliced, diced and puréed individual debts to synthesize new assets. Subprime mortgages, credit card debts, car loans — all went into the financial system’s juicer. Out the other end, supposedly, came sweet-tasting AAA investments. And financial wizards were lavishly rewarded for overseeing the process.
But the wizards were frauds, whether they knew it or not, and their magic turned out to be no more than a collection of cheap stage tricks. Above all, the key promise of securitization — that it would make the financial system more robust by spreading risk more widely — turned out to be a lie. Banks used securitization to increase their risk, not reduce it, and in the process they made the economy more, not less, vulnerable to financial disruption.
Hahahahaha. Oh my God. I couldn't stop laughing on reading this:
..he (S.Ve.Shekar) said he would soon meet Chief Minister M. Karunanidhi and request him for 7 per cent reservation for the Brahmin community. “I am sure he will agree, and when he does, I will show my gratitude by campaigning for him among the Brahmins. Even if I don’t, the community will unanimously thank him and lend support"
It started with the CEOs of the big three. Now, the latest person at the receiving end is AIG's recently appinted CEO Edward Liddy who has to defend himself against the 'malfeasance' of his predecessors.
The one thing I hate about media is their lack of accountability and responsibility. When they report an incident considering it to be newsworthy (even though it is totally unimportant), the readers have the full rights to know the complete background and the end results. If you say that the Indian cricket team is touring New Zealand, you do not leave it at that. You follow it up with complete coverage of what happened in New Zealand (with some times going into really unwanted details). I demand that same yardstick applies to all reported news items; especially those that receive a big coverage.
We have read many reports of how marriages are performed to animals in different parts of India for several reasons, though the most common reason tends to be for invoking rain. Now everybody who reads news in India knows that such marriages are common. In fact, there have been coverages of marriages where a man or a woman ends up getting married to an animal such as a donkey or a dog. So when you report something that is already known just because it creates some false excitement amidst the readers, you better hold yourself accountable and follow up with that news piece. In this case, I claim my right to know whether the move paid off and if the Assamese did get rain very soon after this marriage or if Barun Devata was unmoved even after such a great offering. If it did work maybe everyone can practise these rituals whenever rain is wanted.
When people start demanding that providing coverage of just the incident is not enough and that they need further follow up, then the media will stop coverage of such silly things.
Its like a TASMAC shop owner organizing an Alcoholic Anonymous. He will stake a claim for being righteous and the society will praise him for that.
Read more...“The West is promoting obscenity in Pakistan by promoting sports among girls’ educational institutions. It is a matter of shame for us that our daughters are playing cricket, hockey, football, and so on. The conspiracy is to change madrasas into regular schools and colleges. These conspiracies have been hatched by the enemies of Islam.”
"Israel is a very tiny country but it does not play cricket. Therefore, it is progressing. We should throw the bat and seize the sword and instead of hitting six or four, cut the throats of the Hindus and the Jews. The sports of a mujahid are archery, horse-riding and swimming. Apart from these sports, every hobby is un-Islamic. The above are not just sports but exercises for jihad. Cricket is an evil and sinful sport. Under the intoxication of cricket, Pakistanis have forgotten that these Hindu players come from the same nation that had raped our mothers, sisters, daughters, wives and daughters-in-law.”Read more...
We, in India, have so many talents both inside and outside the film industry that winning an Oscar is no big deal. I rest my case with this video.
P.S: The above is not a sarcasm. I really think the guy who did this editing and remix deserves an award :)
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