This Sunday, like every Sunday in recent times, was reflecting at what’s happening to the World and How would My Family and I be impacted….. and like all Sundays was convinced to go Back to the Basics and fundamentally re-boot our lives
The Sunday Editions of Newspapers were packed with some incisive articles… Three worthy of special mention are linked below
Indian Express : Check out Uday Kotak’s insightful interview and reflections on funny money and the financial chaos and the deleveraging going on
Asian Age : Paranjoy Guha Thakurta has written an explicit article on the Telecom Scam perpetrated by the Telecom Minister, A Raja of the DMK, in issuing 2G licenses…In his estimation the scam is the biggest in post Independent India involving roughly Rs 80000 crs loss (@ US $ 16 Billion) to the Indian exchequer… An earlier Blog covers this scam
The Financial Express : Vanguard Group of Mutual Funds Founder, John Bogle’s Investment mantras of No Load, Low Cost, Simple, Index based plans for Capturing Market Returns
Economic Times : A Continuing Expose covered Companies who are under the Intelligence Bureau Scan for Stock Market Manipulation. Sterlite, Uttam Galva and many other companies have been blatantly flouting Insider Trading and Other Laws in making suckers of Traders and Investors in Indian Stock Exchanges… often in cahoots with Brokers, Media and even Mutual Funds and FIIs
Just wondering how SEBI took corrective action in the IPO Demat Scam and fined the perpetrators significant sums that reflect the illegal gains made in the IPO…. will they again demand that the promoters of these companies and brokers and others involved return the obscene gains made while flouting Insider trading and other Laws !
In the Times of India Sunday Edition was also a captivating and inspiring coverage of Marine Commandos or Marcos for short… These commandos are closest to a real life James Bond and pride themselves as better than US SEALS... Their Gruelling Two year Training involves a 60% rejection rate in the first two months itself and finally only 10% go on to become Marcos… Marcos are experts in all weapons right from Ninja style darts to the sniper rifles and hand guns… they specialise in counter-terrorism and electronic survelliance-a rare mix of brawn and brain… they are both paratroopers and combat divers… their training involves the real killer ‘Death Crawl’ – an 800 m struggle through thigh high mud, loaded with 25kgs of gear and after a 2.5 km obstacle course that most would fail… then when the trainee is half dead, he has to undergo the final test – shooting a target 25 m away with his buddy standing next to it – if the exhausted hands tremble, his buddy is history… this is where many give up