Archive for » July, 2013 «

How much is too much ?

HOW MUCH IS TOO MUCH ?


Royal Omission


While the world is going gaga over the birth of the new royal lineage, here is a report about a spoof on the event. Some journalists do have a different take on the episode. I read the following news item on 25th  morning. It tickled me where I love getting tickled! Read on…


The birth of a baby boy to William and Kate, Duke and Duchess of Cambridge, may have attracted prominent coverage in the British and, surprisingly, American media but both countries also have their fair share of readers with an aversion to public adoration of royalty.


Thus, Huffington Post, the respected online journal, carries a spoof that says:
“Breaking news: Woman Gives Birth to Baby” followed by terse text that says, “A married woman of childbearing age has given birth to a baby boy. The event followed nine months of pregnancy. ‘Both mother and baby are doing well,’ a spokesman for the woman said. It is now expected that the baby will grow up”.


Huff Post, of course, is American, but the the British Guardian’s online edition also considerately provides readers an option to block out Will- Kat coverage. A tiny link on the top right corner of its site gives you the option: Republican? Royalty? Click on the first and royal coverage is blocked out whereas the second retains it.


So what is your take dear readers/ friends?


FDI’S BIG PUSH….

FDI’S BIG PUSH


In the just concluded semester, I had taught “FUNDAMENTALS OF INTERNATIONAL BUSINESS” to BBA-4 Class in a college. We had discussed a topic titled “FDI”.


There has been a lot of  discussion on this topic in the media recently. There was one very good Editorial in the FINANCIAL EXPRESS of 17th July 2013 titled:” FDI’S BIG PUSH” You can read the article by going to the following link :


http://www.financialexpress.com/news/fdi-s-big-push/1142670/0


Having read the article, here is the original letter I had written to the editor:


FDI EQUATION


This refers to your apt editorial ‘FDI ‘S BIG PUSH(FE 17th July 13) on the subject of FDI. Academicians often discuss this topic in the form of FDI Equation which, as most of your readers will know, goes like this:


National Income Equation Y=C+I+G+(X-M)


where,


Y=the equilibrium level of national income
C=domestic household consumption of goods and services
I=domestic real investment in buildings, equipments, software, and inventories plus foreign investment
G=government spending on goods and services
X=foreign purchase of the country’s exports of goods and services
M=the country’s purchase of import of goods and services from other countries


So, FDI is just one of the important variables on which our country’s income depends. The Government needs to keep in sight all other variables and factors so that the ultimate purpose of this exercise is served to the fullest.


The purpose of bringing in more FDI is to help consumers of final / intermediate goods / services to access a wider variety of options, and to deepen and strengthen the market economy.


The major aim of FDI should not be to allow the country to finance a current account deficit or to help the owners of Indian companies in burying their mistakes in the avalanche of in-flow of foreign money once the gates are opened.


Further, it must also be ensured that existing Indian businessmen do not leverage their permissions and contacts to make windfall gains for themselves.


FDI usually involves participation in management, joint-venture, transfer of technology and expertise. Transparent policies on these issues without any tricky riders will help foreign investors to take fast decisions.


Broadly, Foreign Direct Investment also includes mergers and acquisitions, building new facilities, re-investing profits earned from overseas operations and intra-company loans. These need to be encouraged suitably too.


Let’s hope it augurs well for the present Government to indicate its intentions for continuing with the much needed financial reforms rather than playing to garner more votes to stay in power in the forthcoming elections!


J S BROCA


New Delhi


In today’s FINANCIAL EXPRESS an edited version of my letter has been published as under:


FDI equation


Jul 23 2013


Apropos of the editorial “FDI’s big push” (FE, July 17), foreign direct investment is one of the most important variables on which our country’s income depends. The government needs to keep in sight all other variables and factors so that the ultimate purpose of this exercise is served to the fullest. The purpose of bringing in more FDI is to help consumers of final/intermediate goods/services to access a wider variety of options, and to deepen and strengthen the market economy. The major aim of FDI should not be to allow the country to finance a current account deficit or to help the owners of Indian companies in burying their mistakes in the avalanche of in-flow of foreign money, once the gates are opened. Further, it must also be ensured that existing Indian businessmen do not leverage their positions and contacts to make windfall gains for themselves. Transparent policies on these issues without any tricky riders will help foreign investors to take fast decisions. Broadly, FDI also includes mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations and intra-company loans. These need to be encouraged suitably too. Let’s hope it augurs well for the present government to indicate its intentions for continuing with the much-needed financial reforms rather than playing to the audience to garner more votes to stay in power.


JS Broca


New Delhi


Friends, those of you who wish to directly read my letter on website of the paper, can go to the following link:


http://www.financialexpress.com/news/fdi-equation/1145213/0


 

ALL THE BEST.


J S BROCA


23RD JULY 2013

What your coffee says about you

What your coffee says about you


Here is an interesting piece of news I read this morning.


Melbourne: Merlo Coffee baristas has revealed that are able to figure out a customer’s personality type just by the cup of coffee they order.


The company said that people who drink Cafe Latte tend to be a bit softer and can be more romantic than others and are probably still friends with their first crush, News.com.au reported.


People, who drink Flat White, are straight-up types and could lack imagination.


The Cappuccino lover doesn’t really indulge in their coffee as much as they should; they are still a child at heart who love chocolate sprinkle on top.


People drinking Macchiato are coffee-savvy young professional. They work and play fast.


People whose choice of drink is Vienna are the one who like the finer things in life; they have high expectations, are demanding and a touch clingy.


Hot Mocha ordering people are often drifters and find it hard to settle down.


Hot Chocolate drinking people can be complete faux coffee -drinkers, posing as latte sippers.


Tea drinkers are real, wholesome and deep-thinkers. They are usually early morning people and read books.


MY COMMENTS ON ABOVE RESEARCH FINDINGS:


1. I am a tea lover and I feel the last observation fits me like the proverbial glove!


2. Rarely, do I go for coffee and I love my usual NESCAFE cup!


3. I would never on my own, splurge Rs.100/ or more on a cup of coffee in the fancier up-market coffee parlors many patronize these days. Yes, if some-one is treating me, then it is a different ball game altogether!


4. A few times I have tasted South Indian trade mark traditional coffee served in steel glasses and plates, in coffee houses. However, I did not relish the concoction.


The above research does not throw light on various aspects about coffee narrated by me.


Would my friends like to add something from their own experiences and habits? It would be interesting to know!


THE CREATOR OF “MOUSE” NO MORE….

Douglas Engelbart – THE CREATOR OF “MOUSE” NO MORE….


I was just reading about Douglas and following words really inspired me:


Engelbart’s career was inspired in 1951 when he was engaged to be married and realized he had no career goals beyond getting a good education and a decent job. Over several months he reasoned that:


1. he would focus his career on making the world a better place;


2. any serious effort to make the world better requires some kind of organized effort;


3. harnessing the collective human intellect of all the people contributing to effective solutions was the key;


4. if you could dramatically improve how we do that, you’d be boosting every effort on the planet to solve important problems — the sooner the better; and


5. computers could be the vehicle for dramatically improving this capability.


Today we take our computer mouse as granted and use it without realizing how much efforts have gone in its designing and development by Engelbart.


I feel and suggest that 2ND JULY should be celebrated as WORLD MOUSE DAY every year in memory of Engelbart who died on 02.07.2013 at the age of 88.


See the picture of the prototype of the mouse as designed by Engelbart :


(The first prototype of a computer mouse, as designed by Bill English from Engelbart’s sketches.)