Wednesday, December 17, 2008

Bernard Madoff!

Hey readers, I know I'm again slipping into the bad habit of ignoring this space! I guess I just sometimes lose the will to write! Although there is plenty of material to include in this space. What with the discovery of the Ponzi Scheme being run by Bernard Madoff -- over a period of several years -- making the investors further jittery! Grrrrrr... As if the things were not bad enough already!

Friday, December 12, 2008

More stimulus packages on the way!

And this news completely slipped my mind - Kamal Nath today said that the Government is looking to come out with more stimulus packages to revive the economy. I guess this measure is certainly needed to inject some confidence in the amrkets after dismal car sales in November, downward revision to India's growth in 2009 and poor IIP figures. Sigh - where is the bottom? The current economic scenario is increasingly resembling a black hole of bad news!! Sigh!!

Cybercrime - The new face of Evil!

Hey readers, it's not like I'm again in the mood to renegade on my promise of blogging frequently - itls just that work and my rogue friend, Nitesh, have kept me busy!! Anyways, more on my misadventures later, I thought of sharing a thought with you - a thought that I may expand by devoting an entire article to it.

Around September last year, rise in food prices was being blamed on the growing taste buds of the Indian and Chinese Population. At the same time, cybercriminals were growing in notoriety and governments increasingly were looking at cybercrime as a serious menace. And then the world turned upside down and the economic events that followed sort of diverted our attention away from these areas of concern. Now, a new study released by McAfee, draws attention to the rapid growth of cyber criminals who continue to grow!!

But more on this later - I got a deliverable to complete. Will probably expand my idea a bit in a later post!

Tuesday, December 9, 2008

There is no sun shining through!

Listening to Metallica's Unforgiven, I am struck by these lines,"

There is no sun shining through..
There is no sun shining.....


Looking at the current state of affairs in India, to an outsider it would certainly seem so. 2008, which began with a lot of promises, has failed to live up to any. he Sensex, which was promising much at the beginning of the year, instead crashed all hopes, declining by almost 60% since attaining the peak of 21k in January 2008. If this weren't enough, the US economy collapsed (the technical term is "entered into a recession"), dragging the entire world down with it. Growth slowed, banks failed and then disaster struck Uncle Sam -- banks filing for bankruptcy and growing unemployment were but a few problems faced by the US.

This for the world scenario. On the home front, India was battling inflation while witnessing the meltdown of realty stocks and financial firms (darlings of the stock markets in the years gone by). When the realization finally dawned that this crisis was far from over - infact, it was worse than the Great Depression of the 1930s - the US Government stepped in with bailout packages, rate cuts and special plans to try and revive a sagging economy. The net result: still more collapses, more banks and firms going to their respective governments, hats in hand seeking more aids, investor's confidence continued to erode! Oil prices, which had scaled a historic high of $147 a barrel in July 2008, slipped and then went into a tailspin and finally a free fall -- oil prices were $43 a barrel in today's trading! And oh did I mention the governments of Iceland, Ukraine, Pakistan and Hungary that approached the World Bank / international Monetary Fund for a cash infusion to rescue their stalling economies?

In between this mayhem, a black man (who was not even born in America) was chosen as the President of the United States of America. The world cheered -- amidst this darkness, the success of Barack Obama was seen as the spark, the miracle the world was waiting for. Suddenly, people had hope - countries woke up from their stupor, took a realistic lookaround and declared that the world would be back on the growth path -- and out of this financial crisis-induced mess -- within 18 months! This was followed by coordinated rate cuts across the globe and stimulus packages (on the lines of the U.S. Government's) in a bid to revive the economy and prevent it from slipping into a period of stagflation or even worse, a recession.

Just when all seemed to be going well, terror struck. From Delhi to Malegaon to the heart of India's financial capital, terrorists of all kinds -- from the jihadis to the Hindu zeonists -- played havoc! And of course, the crown of all attacks go to the planners of the attack on Mumbai -- well planned, even better executed! They stuck to their tasks and their mandates unlike our politicians. It certainly seemed like there was no sun shining through...
However, the attack on Mumbai touched too many raaw nerves and for once, the governments decided to act unitedly. Diplomatic pressure was the mantra of the day and within 2 weeks of India's version of 7/11, the Pakistan government agreed to crack down on the non-state players that were using its territories to launch acts of terrors on foreign lands. I will not bore you with the details, but here is the concerned press release.

And only yesterday, on December 7, 2008, the Indian Government announced several measures, including duty and rate cuts and a stimulus package exceeding Rs. 32,000 crore to achieve our GDP growth target of 7% for 2008. Suddenly, you can sense some hope in the air. But whether it will stay or how long will this hope last are the questions doing the round in my head. Do you have the answer? I invite you to share your opinion here.

Big Pharma Research and Development Spends

Here is a good article that illustrates the money being pumped into new drug development at the major pharma companies. Hope you enjoy it!

Monday, December 8, 2008

What you did over the weekend?

Hey readers, how was your weekend? Mine was good, saw Transporter 3, had the pleasure of being amongst the last customers in a Powai restaurant on Friday night, slept till evening yesterday and then had an awesome salad at Just Round the Corner. Oh, and I also sharpened my culinary skills, making cups of coffee and maggi during the weekend.

Now with the govt announcing a stimulus package, markets too opened strong, with banks and realty stocks leading the pack. As an investor standing on the sidelines, I can only hope and pray that the markets recover soon. I've also been thinking of keeping my money in a liquid fund for just a few days - however, I am petrified of the market swings and at this moment, I cannot withstand a potential dilution of my meagre income level. So, am happy with fixed deposits for the time being.

Friday, December 5, 2008

Are we safe - anywhere?

Hey readers, Mumbai is on high alert following reports that of the 10 bombs planted by the terrorists, 1 is yet to be traced. The police found 1 unexploded bomb in the CST station on Wednesday, a week after the initial attack. It's surreal to read such horrifying reports in the papers and still go on with life as if everything is normal. It's like a mentality that nothing can happen to me because I'm god's special child - I'm sure even the 200 odd people who died in the attacks last week were thinking on the same lines.

But then, where do we go? Mumbai isn't safe, Delhi is even more dangerous. A blast in a market in Peshavar gave birth to the terrifying thought that we are vulnerable to terrorists from all sides. How do we create a boundary around us, a cocoon where no one can harm us? Jaane kaha wo duniya hai, jaane ki wo hai bhi ya nahi -- a song from Jaane Tu ya jaane na unintentionally, but aptly, sums up the current conundrum.

A Spirit that Never Dies!

In a unique show of solidarity, ALL radio stations in Mumbai played the song "Maa Tujhe Salam", sung by AR Rehman, at 8 p.m. on December 3, 2008 on their respective wavelengths! Now ain't that something? Good to see that they let go of their constant endeavor to hog the limelight and take such a step -- I hope our news channels too take note of this and do something similar.

In another more widely covered act the same day, thousands of citizens took to the street across the metros in India to demand action against the terrorists and to express solidarity with the victims of this attack. Read more on this here.

I just can't help being sceptical of such ACTS - taking out demonstrations has the means to catch attention but I believe to elicit some sort of action from our thick-skinned politicians, it's going to take something more than this! By now, our netas have tackled the aftermath of so many terrorist attacks that such "peaceful" demonstrations will not more than scratch the surface! History shows that we are pretty tolerant and lack muscle -- from the Bombay bomb blasts in 1993 to the bomb blasts in the Mumbai local trains and the attack on the Parliament (not to mention several other instances of similar horrendous terrorist strikes, quite a few in 2008) we have been happy enough simply to put a bold, tough stance early on only to soften our "tough" stance as time goes by. We have been waving our "List of 20 most wanted terrorists" in front of Pakistan for several years -- yet have we done anything beyond mere demonstration to show that we are serious about what we want. I think not.

What will it take to wake up the Government and get them to swing into action -- actions that will not let terrorism rear its ugly head again and again? How many more lives need to be sacrificed for us to see some justice being done, our security being enhanced, our lives being securd? For how long do we carry on like this? It's good that Mumbai and along with it, the rest of India, has an indignant streak, a get-on-with-life spirit -- else how will we survive and continue our struggle in the city of dreams, the city that never sleeps, with a sword hanging perpetually over our heads?

Preaching about what is wrong with our system is a thing taken for granted these days -- heck, I do it, you do it, the news channels do it all the time, with or without any due reasons. Now what can we do to show that this time, yes THIS TIME, we mean action! Action that is not only immediate but also long-term -- while we are used to live under the lengthening shadow of fear and insecurity, let us make an effort to ensure that the next generation does not need to put up with the atrocities like we did.

Thinking of what the radio stations did made me think of what more could we do. A possible idea doing the rounds in my head is this: Could our newspapers join hands and launch a major campaign directed against terrorism? Times of India has in the past taken the lead and launched campaigns like "Lead India" (2007) and "Teach India" (2008) initiatives. Now can the newspapers come together, join hands and announce a war on terrorism? They say that a pen is mightier than a sword -- time to put the old proverb to test, what say India??

Even as I'm writing this piece, I've received a mail from Network 18 announcing the launch of a platform "to express our frustration and helplessness". Check the site here. I'm withholding my comments on this new endeavor for the time being.

Thursday, December 4, 2008

Pakistan an International Migraine?

Madeleine Albright, former U.S. Secretary of State, has termed Pakistan an international migraine, citing the presence of nuclear weapons, wide-spread terrorism, extremists, corruption, poverty, issues with India and strategic location. I just read the news clip in Indian Express. Here is the news link: http://www.indianexpress.com/news/Pakistan-an-international-migraine--Albright/393424/

Wednesday, December 3, 2008

Mumbai stands united!

In a unique show of solidarity, ALL radio stations in Mumbai played the song "Maa Tujhe Salam", sung by AR Rehman, at 8 p.m. today on their respective wavelengths! Now ain't that something? Good to see that they let go of their constant endeavor to hog the limelight and take such a step -- I hope our news channels too take note of this and do something similar.

I wonder whether Times of India is planning to do a campaign, similar to the "Lead India" (2007) and "Teach India" (2008) initiatives, on the war against terrorism. history shows that we are pretty tolerant and lack muscle -- from the Bombay bomb blasts in 1993 to the bomb blasts in the Mumbai local trains and the attack on the Parliament (not to mention several other instances of similar horrendous terrorist strikes)we have been happy enough to put a bold stance early on oly to back off it as time goes by. We have been waving our "List of 20 most wanted terrorists" in front of Pakistan for several years -- yet have we done anything beyond mere demonstration to show that we are serious about what we want. I think not.

What will it take to wake up the Government and get them to swing into action and deliver some serious action? How many more lives need to be sacrificed for us to see some justice being done, our security being enhanced? For how long do we carry on like this? It's good that Mumbai has an indignant streak, a get-on-with-life spirit -- else how will we survive and continue our struggle in the city of dreams, the city that never sleeps, with a sword hanging over our heads perpetually?

New Heights of Dependence and Sophistication!

Hey readers, remember me telling you about my meet with an ex-colleague and friend from Zacks? Well, upon our conversation, we also touched upon Hrithik Roshan's dialogue 'Man made computers not vice versa' (please bear with my liberal translation) in Koi Mil Gaya. That got me thinking on how in our daily lives, we are all so dependent on the computers and the laptops, not to mention the fact that we got most of our vital info stored on our mobile phones. Our idea of social networking is hanging out on Facebook, Orkut, LinkedIn or Twitter!

I shudder to think of the dire consequences if I ever were to lose my mobile, laptop or both of these items! Heck, I don't even have a backup of all the contacts' telephone numbers. Gone are the days when I could recall even an old acquaintance's number verbatim - these days I only bother with a cursory glance at the number and store it away!

In this age of high-sophistication, I was amused to see that interior designing has evolved to include even music - homes these days are increasingly seeing or rather hearing music in tune with the design/symmetry of their homes! Ahhhhh - but more on this later! Time to get back to work!

11:40 PM: Well, I found the article on Audio Architecture in the print edition of Livemint long back but I just couldn't locate the article on the paper's website or the concerned section. After a long search I can only conclude that probably the article is not there because it's copyrighted to New York Times..

Some articles worth sharing!

Hey readers, browsing through today's edition, ie the December 2, 2009 edition of Mint, I am impressed with 2 articles: the first 1 is a 2-page writeup on HIV/AIDS and the 2nd is a full-page transcript of Ratan Tata's interview on CNN, hosted on Sunday evening.

Visit www.liemint.com/hivaids/atm for more on this. I'll try and post the link for the interview transcript tomorrow! My days as a biotech analyst have left me deeply interested in talks ranging around topics such as Cancer, HIV/AIDS and viral infections, particularly Hepatitis C, to name a few. Hence, just couldn't resist sharing this good article with you. With the terrorist attacks in Mumbai and the inefficiency of our politicians/crisis management team (whatever is there) hogging all the limelight at the moment, it was nice to see some space being devoted to other issues of concern too!

Tuesday, December 2, 2008

National Pollution Prevention Day!

Hey readers, did you know that listening to the radio can be educative as well?? I was surprised to learn that today, December 2, is National Pollution Prevention Day in India! Quite a nice fact, huh?? Look at the irony of it -- for the several millions of officegoers in Mumbai, the pollution on the roads have gone up several notches ever since the Mumbai metro project came up! And with elections round the corner, several roads have been dug up in a bid to repair them and win a fwe votes.

While in the long run, the citizens should benefit from these activities, I wonder how many of us will survive to see that day -- what with terrorists striking at will and the pollution threatening to choke you! Did you read about the new type of smog -- the brown haze thing? Read this Livemint article here for more on what it is all about! Quite terrifying the things that we need to live with these days! Life sure is a struggle!

Workings of an idle mind!

Goodmorning readers! There are days when I yonder and wonder if people don't have any work! I mean, I've checked my Gmail umpteen times since morning and I haven't even received a lousy mail!! Sure puts me in a grumbling mood especially since I'm running light on work at the moment!

You know, I'd thought of writing something meaningful and deeply insightful last night. But a conversation with an old friend and colleague from Zacks changed all that! Oh, how fondly we reminisced about the old days! Zacks was 1 place where I made some real good friends! Met a lot of good people and I count my lucky stars that I still am in touch with some of them!

Anyways, given a chance I can rumble on and on but my designated 2 mins break for blogging is almost over! So fellas, I'm back to work while you too continue with your daily chores, boring or interesting as they might be!

Monday, December 1, 2008

AIDS, Terrorists and God!

True to my promise, here is the official site of the World AIDS Day: www.worldaidsday.org

As I browsing the news clips over Google, I was struck by Aamir Khan's comments that terrorists have no religion or God! How true is all that I can think of!!

What more, what more - I am again getting restless waiting for my work to be reviewed. God, please grant me some patience and make it fast, will you?

Something cooking!

Hey readers, it just struck me that today is the World AIDS Day! Maybe I'll scribble something on it later tonight.

The first day of the month and I can't just sit idle! I'm in quite a frenzied, irritable, need-to-do-something-new sort of a mood, just jumping around since morning. Jonathan Cainer attributes this mood swing to the movement of the planets and says that something good, a change in fortunes, is expected this month!

After all the hardships faced this year, I certainly need some good luck coming my way!

It's that time of the year again!

Hey readers, I'm back! Like our esteemed politicians, I too love to make promises at the beginning of a month and once the first 10 days are gone, I tend to push this space back to the corners of the wardrobe! This, despite me being regularly online these days!! Heck, I can't even cite not reading newspapers as being the sole reason for the missing content on this site.

Sigh.. I am sure some of you might have noticed that today is Dec 1 and hence a time to make new promises!! Will I keep my promises of writing more often? Ah hmmm.. I am not sure but till my roomie returns from France on Dec 19, I promise to make a conscious effort to post regularly!!

'Til then, keep visiting this site often!

--- The SenseXXXational Ride --- Headline Animator

Tracking the market!!