Monthly Archives: December 2008

Virtues Of Economy.

Virtue is best defined as a moral excellence.It is a conformity  to a standard of right.

The ethics in economy are moderated to convenience.Today the image of duplicity lingers.Corporates have two faces.A genil face is shown to the public gaze and a sinister face away from the populace.This is the doctrine of public virtue and private vice.

Recent virtues of economy are, theft,insider trading, deceit ,profit at all costs,greed and arrogance.

The latest addition  is laziness.

Top executives have minted money, by squandering the wealth of the company

Bribe and corruption have wrought massive furores.

Wrong policies have manipulated a thudding disarmament

These are the  organisation culture of today’s corporate world.Unquestionable material  resourcefulness promote degradation in character. Good character is an achievement , not an inherent trait.

Lazy portfolios have become a winning strategy according to Farrell.

If laziness ascends   the hierarchy, then greed, theft , deceit, bribe and corruption associated with  Machiavellian steal the show.They are the best ethics and formidable values that have to be imbibed by the human mind, that have to be assimilated  to dot as  a piece of sponge  absorbs water, that have to be  subscribed  with fervour and exalted  as a discernable demonstration. 

Virtue  has lost its footing, has lost its sense, has diffused into an incongurous entity.

What A year -2008

The year 2008 ,  will be remembered for all negative  illustrations.

It will be recalled as a year of economic failure.

It will be thought of as a year of high inflation rate.

It will  be spoken of as a year of collapses.

It will  be registered as a year of terrorism.

It will be recorded as a year of  unprecedented  rains.

It will be  posted  as a year of greed.

It will be exalted as a year of  fraud.

It will be  portrayed as a year of  abatement.

It will be translated as a year of inefficiency.

It will be transcribed as a year of choking.

It will be framed as a year of stagnation.

It is a year of loss – of  invaluable lives, of sublime peace, of wealth.

Satyam In Troubled Waters

Satyam Shivam  Sundaram.

Truth is God , God is beautiful.The truth, the conscious and the beauty are essence of  Divinity.

“Satyameva Jayte naanritam”

“Truth alone triumphs , not falsehood “-the origin is from Mundaka Upanishad.

Satyam( meaning Truth) computers ,has lost its name , both literally and metaphorically.

 1.6 billion  was to be deployed in a buy out of his Mayatas Infrastructure and Mayatas properties . this move triggered  the investors to protest.

Mayatas is an angaram of Satyam. A reversal of letters has reversed the credential of the Company.

Ramalinga Raju is in a soup. His family has 8.6% share in the company.His two sons are inthe Board , in the capacity of Vice Chairmen.The Board . comprising of Krishna Pelapu, T.R. Prasad former cabinet secretary’and am Mohan Rao , Dean of Indian Business school.

The Board passed the resolution and did not bother to get the consent of the shareholder.The investors were provoked, and old the shares in a quick motion.Raju was shell shocked. He sent signals of rapprochement ,but it was too late.

Four of the Directors have resigned from the Board., thus ditching the interest of the shareholders.It looks a though they are running away from  crucial decision. The Board meeting on the 10/01/2009 . is going to be a farce.

The World Bank has already barred Satyam from further contracts.

Ramaling Raju has brought disgrace too the business fraternity.

The company has to find a new team , to take care of its  cash rich ,factor about 5000 crores surplus .Will Raju actually quit such a flourishing company?If so , will he keep away from the management?

He may fix up a proxy team to take control of the management. The financial companies, like Aberdeen,Fidelity etc have 20-25 %, can convince the investor and usher in a new management.

Spinach-Creditable and Credible.

An apple a day keeps the Doctor away, goes the maxim.

To me , it is little spinach a day ,not only keeps the Doctor  away, but keeps you hale and healthy.

Spinach has medicinal value.Dishes  made of spinach are tasty and nutritious.There are different spinach ,coriander, mint, drumstick,amarnath or araikeerai,vallarai,vendhayam,pirndai,and goonkora,manathakali..

Juices of certian varieties, chutneys porial and kootus, masials and soup kindle the tasty buds.

These spinach are rich in iron , vitamins and stimulate th digestive system

They enhance the memory andsuppress the heat in the body.They cure mouth ulcers and diffuse the congestion due to cold. The eye sight is improved greatly by profuse use of spinach.Arthiritis and body pain is subsides after consuming moodakathan keerai, a rare variety of spinach.

The complexion gets toned up by taking ponnagani keerai. and thiruvatchi keerai sorts out the kidney problem.Keezhanalli keerai cures Jaundice,and sets right the liver.

Spinach grown in an organic settlement is a value added product.

Crude oil -Jump and Fall

The electrocardiogram report of crude oil is baffling and brings a myocardial infarction to the observer.

What a steep rise in early 2008 and what an animated fall in november 2008. It was 147$ in mid March ,and 39$ today.A drastic tumble.

As the surge was beyond comprehension, the downtrend is  also beside  irrelevance.

Both are unbelievable. Both make us look deep into the graph. Analysing we find ,  the upward march was transitory, the sudden spurt down will also be fleeting.

The cut in production of OPEC nations ,has not promoted the falling prices. This is bit confusing. The universal formula of supply and demand does not make much sense here.

The nations Venezuela and Saudi ,whose economy depends on oil resources are badly afflicted., by the oil’s thundering thuddy fall.

The OPEC , in its own interest and in the interest of the consumers, fix a price, which includes a reasonable profit.

The world stands to gain. Prosperity will bring cheer. Cheer will usher unity. Unity will lead to Peace.

Peace on earth and goodwill towards men is the God,s message delivered

Expanding Debt.

A petty shopkeeper got completely broke. Instead of bringing down the shutters, he reinforced his shop with high value goodies and catchy snacks.

I was shocked. What on earth the man is doing?Is he in his senses?How did he muster money to  give a face lift to his shop? As curiosity kills the cat, I made discreet inquiries,which revealed that he has borrowed money for high interest. I was muffled.

Can we term this economy as “Progressive economy”?

Well  the same dogma is followed by the U.S., in a gigantic scale.The doctrine of debt , has been put into force. Borrow more, spend more, keep the economy booming.

Printing paper money against thin air, and circulating it, will move the  stagnant economy is the Fed’s prscription.

U. S President elect Obama has drawn out plans to 700 billion$ to build roads and classrooms ,thus creating jobs.

The Fed has extended its balance sheet from about 900billion$to more than 2.2 trillion . The 1.3 trillion is a cooked up figure, which in reality does not exist.

Overborrowing has led to the present mess.Borrowing further ,with the aim to get out of debt trap ,is ignominous. It is a foolhardy attempt.

Postponing soberity and austerity will lead to great crisis

U.S. has to trim its expenses, practise frugality,and make amends for its reckless consumption and extravagant spending.It is a bitter medicine hard to swallow, but has to be pushed through the gullet ,to save the nation from disaster.

If not it has to go back to  the days of misery.

2008 – A year Not To Be.

Human tendency is to rave about the past.

Recapturing the past deeds, getting excited about the meritorious experiences, revelling on the glory of yore , has been practically followed by each individual. All rules have exception , but this one has none.

The year 2008 , has spelt disaster and dismal occurrences, that we dare not think about it for once.

As we break rules and conventions , for convenience , this retrospective theory has to be moderated.

What  year it was?hmmm— till a few more days to go.!

What a sudden shrivelling melt down, economy in shatters, finances in tatters,wages  in displacement, jobs in devastation .

The bruise has to be assuaged gently, has to be tended with care ,and smothered with gentle rub .

Too much caressing will lead to negation. Too much pampering will spoil the sport. Too much attention will render an irrelevant direction.

The world  economy is at the vertex, a slight  jerk will create a furore too deep to be appeased, a vigorous push will  proceed a tumble, too serious to be retrieved.

A gentle pat , a cordial gesture, a mild approval and a kind compliment will restore economy .

I mean these words both literally and figuratively.

2008 has come to a pass.

The next year 2009, should bring in lot of cheer, sense of joy , pride of well being.