
A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw, member of the faculty of Business Administration of Allliance University, Bangalore, India. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.
Thursday, May 13, 2010
Wednesday, May 12, 2010
Will BP go scot free this time ?


220,000 gallons being spilled daily to the sea floor at 1500 metres below sea level for free by BP with the help of its contractor, TransOcean in the Gulf of Mexico damaged oil rig is no joke, at least to the coastal residents of Lousiana, Alabama and Florida.. .. Already 9 million barrels have been spilled since the accident on April 20. It is just 1.8 million barrels less than the great oil leak in Alaskan waters from the oil tanker Exxon Valdez in 1989.
In what could be termed as the greatest oil spill to hit American coasts in recent years, the damage to the environment, flora and fauna can be mind boggling..
The compensation limits for environmental damages for the oil spill in US is being raised by Obama to $ 10 billion (app Rs 50,000 crores), while in India the environmental and personal health compensation in case of a nuclear accident due to US reactors is being limited to just Rs 500 crores..(just 1/100 th)
Let us hope nothing serious happens .. Snap shows a hapless sea bird covered with the oil waiting to die ..!!
ge..
Saturday, May 08, 2010
Does the Reliance gas row deserve so much publicity ??
This morning's newspapers except for The Hindu had headlines screaming that Mukesh has won this round of battle with his brother Anil. What is the fuss about this ??
Firstly, the gas from Krishna Godavari basin is national wealth, no family how influential it be can claim to exploit it for their selfish ends.
The deal broakered by Kokila, mother of the Ambani brothers in which Mukesh would give Anil natural gas from KG basin at $2.4/mbtu, brokered in the bed room of kokila will nowhere stand in the court of law. It is like fooling the people of this country and robbing them of their common wealth.
Let Anil buy gas from Mukeshs' RIL at $ 4.5 per mbtu and pay royalty to GoI. The GoI gets 27,000 crores as royalty. Why should the GoI gift it as concession to the richest and notorious family in India when millions do not even get a square meal a day ?
Bedroom deals are between the brothers, the common man should not be dragged to it.
In fact the GoI should charge a big fine, maybe Rs. 100 crores, from the brothers for trying to fool the country and its billion plus people for their selfish ends.. It will ensure they do not repeat the dirty tricks again on the people.
How audacious of them to think that they could rob the country of Rs 27,000 crores and get away with it ?
How audacious of them to think that they could rob the country of Rs 27,000 crores and get away with it ?
ge..
Friday, May 07, 2010
New Emerging global Economic Order ..
A good article on how developed economies have stopped being just consumers and have realised the need to be selling to the poor once again ..
Countries that have crossed the Hobbesian Threshold (stability in countries which have rule of law, sanitation, security and so on) to take up economic development like China and India, Brazil, South Africa..
The threat posed by the undervalued Chinese currency, renminbi is also highlighted..
ge..
Wednesday, May 05, 2010
New Dean at HBS ...
The new Dean at Harvard Business School Prof Nitin Nohria ...
Nohria received his bachelor of technology degree in chemical engineering in 1984 from the IIT Mumbai, which awarded him its distinguished alumnus medal in 2007.
He received his Ph.D. in management in 1988 from the Massachusetts Institute of Technology's Sloan School of Management, where he earned the outstanding doctoral thesis award in behavioral and policy sciences.
Nohria received his bachelor of technology degree in chemical engineering in 1984 from the IIT Mumbai, which awarded him its distinguished alumnus medal in 2007.
He received his Ph.D. in management in 1988 from the Massachusetts Institute of Technology's Sloan School of Management, where he earned the outstanding doctoral thesis award in behavioral and policy sciences.
ge..
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What is happening in Iran ?
When the Islamists overthrew Shah Reza Pehlavi and took power in 1970, the Iranians fell to religious radicalism. One of my colleagues in th...

