Business

Trumps Trade War with China …

Posted on August 13, 2018. Filed under: Business |

From The Wire –

https://thewire.in/world/us-china-trade-war

The question is whether US corporations will join forces with their government or continue to bend to Chinese demands. Google’s CEO, Sundar Pichai, is secretly building a special search engine for China that will effectively increase Beijing’s surveillance capabilities, help create blacklists, block sites such as the BBC and Wikipedia.

Pichai, a celebrated Indian American, apparently wanted to re-enter China so badly after Google walked out in 2010 because it didn’t want to censor search results, he made what is being called a Faustian bargain. Against better judgment and despite protests from within the company, the new project codenamed ‘Dragonfly’ has created a special app that will prevent any searches about human rights, democracy and religion in China.

In essence, Pichai is complicit in strengthening China’s Great Firewall instead of weakening it.

 

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Tikli n Laxmi – A Film on Sex Workers …

Posted on August 12, 2018. Filed under: Business, Guide Posts |

From The Wire – By Aishwarya Shrivastav, a 21-year-old history graduate from the University of Delhi and author of ‘Mouthpiece’.

“Observing on-screen camaraderie between women lifted up my heart. At first, they’re all dismissive of standing up for themselves, but slowly come around to the idea of reclaiming their own selves.

The women express anger, often and freely, but never succumb to sadness. They don’t break down after yet another day of fighting, instead they keep at it, chipping away at their oppression.

All the women in the movie have found dignity and some independence through their work, but still suffer working on others’ rules.

Their lives take a different turn with the entry of Tikli, who first suggests starting a women’s co-operative so they can all get better benefits”.

https://livewire.thewire.in/out-and-about/tikli-and-laxmi-bomb-review/

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Well, Well, Well – Facebook is Really an Ad Biz!!! …

Posted on July 19, 2018. Filed under: Business |

https://slate.com/technology/2018/07/zuckerberg-called-trump-to-congratulate-him-after-winning-the-election-because-facebook-is-an-ad-u.html

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Trumps US – China Trade War …

Posted on July 11, 2018. Filed under: Business |

President Trump is doing what hardly any US President has ever done …. ….. ….  He just might end up making the US once again, Great …

http://www.latimes.com/business/la-fi-trump-china-tariffs-20180711-story.html

 

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US – China: Trade War …

Posted on July 5, 2018. Filed under: Business |

https://www.washingtonpost.com/world/trumps-trade-war-with-china-is-finally-here–and-it-wont-be-pretty/2018/07/05/0e43048c-802c-11e8-b9f0-61b08cdd0ea1_story.html?utm_term=.4363754ab492

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An Economists Grand Child …

Posted on July 4, 2018. Filed under: Business, Personalities |

From Live Mint –

The economics profession is in a tizzy. Chief economic adviser Arvind Subramanian’s announcement that he was quitting his post because he was expecting a grandchild in the US in September has bitterly divided economists.

Some have speculated whether there could be other reasons for Subramanian’s exit. An economics student, for instance, wondered aloud whether Arvind Subramanian, Arun Jaitley and Piyush Goyal constitute—what in economics is known as—the impossible trinity.

Some believe Goyal to be exogenous variable that upset the general equilibrium. But ceteris paribus, we must take Subramanian at his word.

A guilt-ridden macroeconomist, shedding tears of repentance, regretted he had missed his daughter’s childhood because he was busy giving lectures on free markets. “I thought the invisible hand would take care of it,” he sobbed.

But many of his colleagues disagree. “It’s a matter of comparative advantage,” said a trade economist. “Does Subramanian think he has a comparative advantage in nappy changing or gurgling and cooing to his grandchild, rather than being a chief economic adviser?” he asked rhetorically.

He claimed global productivity would rise if everybody did the things they were good at—economic advisers at dishing out economic advice and baby-sitters at baby-sitting. Adam Smith, he said, was a firm believer in division of labour, subtly adding there is no record of Smith having played with his grandchildren.

It is not only trade theorists who believe Subramanian has made a sub-Pareto-optimal choice. A neoclassical economist wondered whether it was good for children to be around economists.

“After all, it IS the dismal science, you know,” he cautioned, warning that they could cloud the child’s outlook, making her gloomy and stingy, thus lowering effective demand. “We call it the grandfather’s dilemma,” said a game theorist solemnly.

A rational expectations expert said the whole thing was highly irrational. “Subramanian says being the economic adviser to the Indian government is the best job in the world, but he then goes and leaves it for being a grandfather,” he said, shaking his head sadly.

When I suggested that much depends on the marginal rate of substitution of advising vis-a-vis grandfathering, he aimed an arsenal of algebra at me.

This is not the first time an economist has talked about grandchildren. John Maynard Keynes, who wrote ‘Economic Possibilities for our Grandchildren as far back as 1930, was a pioneer in the field.

But a monetarist was quick to rubbish the essay. “That article was silly to think the economic problem would be solved in a hundred years. It proves Keynes knew nothing about either economics or grandchildren,” he ranted. He said the best way of keeping Arvind in India was to increase his money supply.

All this discord has led to attempts to find middle ground. A confused economist said being a grandparent may be a necessary, but not a sufficient condition for Arvind. A behavioural economist asserted that talking to children and talking to the government is much the same, because both of them don’t listen.

Some believe playing with a grandchild could strengthen the feel-good factor for economists, which could trickle down and ultimately increase gross domestic product.

A free market economist hypothesised that playing with grandchildren would have a mellowing influence and Karl Marx’s Das Kapitalmay well have enthusiastically endorsed capitalism if he had dandled a child on his knee while writing it.

A policy economist said the need of the hour was grandpaternity leave, which would have allowed Subramanian both to keep his job and do some quality grandparenting.

However, another Subramanian, an anti-Arvind one, tweeted that swadeshi economists with swadeshi grandchildren would not have quit their posts. As for the impact on India, he predicted that India’s GDP would improve after his namesake quits.

While wishing Arvind Subramanian all the best in his new venture, we need to track closely where exactly in the US he finally ends up.

As Dave Barry said: “The best baby-sitters, of course, are the baby’s grandparents. You feel completely comfortable entrusting your baby to them for long periods, which is why most grandparents flee to Florida.”

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Petrol Diesel Prices – the Truth …

Posted on May 22, 2018. Filed under: Business, Uncategorized |

Govt can only give you a small part of what it first Takes Away from You …

https://timesofindia.indiatimes.com/business/india-business/heres-why-petrol-price-relief-is-possible-and-painless/articleshow/64269415.cms

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Colonialism in 21st Century …

Posted on May 18, 2018. Filed under: Business |

https://economictimes.indiatimes.com/tech/internet/how-a-nationalist-govt-lets-india-be-digitally-colonised/articleshow/64155509.cms

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Walmart in India …

Posted on May 12, 2018. Filed under: Business |

You Never Win with Walmart –

https://economictimes.indiatimes.com/industry/services/retail/you-never-win-with-walmart-warns-man-who-tracked-american-behemoth/articleshow/64134786.cms

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US – China Race in Hi-Tech …

Posted on May 7, 2018. Filed under: Business |

From CNN Tech – Some of the brightest minds in tech believe we are headed toward a bipolar future where the United States and China close their tech markets to one another and fight for conquest of the rest of the world.

There will be an American and a Chinese version of everything — an Amazon and an Alibaba; a Google and a Baidu; an Uber and a Didi Chuxing — and each pair will compete for rights to Asia, Africa, Latin America and Europe.

Tech dominance will be how the US and China establish political and economic influence over the rest of the world. The lines of the new geopolitical map will be drawn by tech companies, on a country-by-country basis. Longstanding political and military alliances will shift due to new economic considerations.

Today’s PACIFIC – Good morning. The US-China trade talks have ended without a deal.

In the last 10 days we’ve met with lawmakers in Washington, business leaders in Beverly Hills and VCs and tech executives in New Orleans. Guess what they all want to talk about? China. China. China. China. The issue is also likely to be a key focus at Warren Buffett’s annual Berkshire Hathaway shareholders summit in Omaha this weekend.

China’s rise as a technological power is, to me, the most important story of our time. As General David Petraeus said earlier this week at the Milken Global Conference, “There’s a new dialectic, a new competition of ideas.”

“Our political model is being contested,” said Tony Blair, on stage with Petraeus. “We have to understand our position in the world is going to be challenged not just economically but politically.”

Rise of China: Xi Jinping on offense – President Trump’s effort to slow China’s technological rise, including the threat of an executive order that would ban Huawei and ZTE from the US, has only emboldened China’s support of its tech and telecom firms.

• “President Xi Jinping has responded … by vowing to pour even more resources into research and achieve home-grown breakthroughs. He urged China last week to “cast aside illusions” it could rely on others for help.”

• During the trade talks, the US delegation asked China to stop subsidizing its technology companies. “The hosts said their technological advancement goal isn’t on the table.”

• “‘The more pressure the U.S. puts on China, the more urgently the country has to develop its own high-tech products to reduce reliance on the U.S.,’ said Xu Jianwei, a senior economist for greater China at Natixis SA in Hong Kong.”

The Big Picture: China is committed to a $300 billion Made in China 2025 development plan that would make it a global leader in ten categories, including robotics, biotech and aerospace. It is also committed to becoming “the world’s premier artificial intelligence innovation center” by 2030. US threats are highly unlikely to curb those ambitions.

What’s Next: “Investors are preparing for a blockbuster year of Chinese tech IPOs,” per CNNMoney’s Sherisse Pham: “Smartphone maker Xiaomi filed this week to go public in Hong Kong … It is one of several major Chinese tech companies that could make their stock exchange debuts this year.”

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