Indian economy and market
What should a person look for when to invest in the stock market ? The stock market is always said to be a reflection of the economic future of the country, and in the view of many experts, seen to be an indicator of the next 6 months to 1 year. So what does the future say for the country ? You need to be cautious, monitor the sectors of the economy that are not so affected by the company, look at market value of companies as opposed to their book values, look at their future potential, and so on.
Well, the last few months have been a major shakeout. The world economy is projected to have an overall negative growth or zero growth with most developed economies contracting (in fact, China and India are supposed to be among the few countries that are still growing). Scratch the details, and you see how things are pretty bad. The United States is going through a recession not like what it has seen for decades, with consumer sentiment way down. Jobs are being shed on a huge scale, industries are down, and major corporations are reporting losses or sharply reduced profits. Obama is pushing huge packages in order to try and turn around sectors such as finance, housing, auto, etc, but the economy is very slow to respond.
Global warming likelt to be worse than thought
Last year, the Intergovernmental Panel on Climate Change (IPCC) had warned that the rate of climate change was reaching epic proportions, and the effects were generally under-estimated. It had predicted that the rate of warming would increase and damage would be far more than thought. Well, a recent research indicated that the actual bad effects of global warming are going to be far more severe than thought. Research shows that the atmospheric levels of greenhouse gases increased far more than thought, and this is just the beginning:
The severity of global warming over the next century will be much worse than previously believed, a leading climate scientist has warned. Professor Chris Field, an author of a 2007 landmark report on climate change, said future temperatures “will be beyond anything” predicted.
Categories: Environment Tags: Climate, Global Warming, Weather
CBI acting under the influence
In earlier cases such as the case dealing with Quattrochi and Bofors, or the murder case against Shibu Soren, it was pretty evident that the Congress Government at the Center was quite familiar with the idea of not treating everybody as equal before the law. If a person was needed by the Government or was close to it, it was pretty evident that the case would be weakened, or allowed to die a slow death by not fighting it as strongly as the Government would fight a case where the person facing the case was opposed to the Government. And this is not something that Governments shirk from doing, earlier Governments and State Governments also do the same thing, but they rollback when faced with pressure from the media or from the courts.
However, in the above cases and in many other cases, it was like the Government was willing to brazen out the outcry and continue with its actions; and in cases, you will see how they have succeeded. In the Bofors case, all the outcry eventually fizzled out, in the Shibu Soren case, the case was so badly weakened that the High Court let him go.
Categories: Congress, Corruption, Court, Investigation, Law, Politics Tags: Congress, Corruption, Court, Governance, Investigation, Law, Politics
