Disappointing remarks by Shashi Tharoor on cows being safer than Muslims cleverly attributed to an unnamed Bangladeshi.
Minhaz Merchant has a thoughtful piece. I think what he alludes to on the attitudes of the leadership may be happening already.
A lady recounts her experience with Chennai rains and floods. Anil Padmanabhan has another good column on India’s urban planning or the lack of it. Zeroing in on the failure on the ‘Disaster Management’ front in Chennai.
Journalist cum auditor cum Hindu scholar Gurumurthy explains the ‘National Herald’ case in a series of tweets.
Good to know that India’s BPO policy for small towns attracts a lot of interest.
Good to read the former Foreign Secretary explain the dangerous games being played by the Nepali ruling elite.
ISRO to launch six Singapore satellites on 16th December.
Hong Kong may have a message for the beef bhakts in India.
The Sports Bubble is about to pop. 2016 will truly be the year of discontinuity.
This line caught my eye:
For more than 30 years prior, ESPN enjoyed an unbroken stream of growth and innovation on its way to becoming the immovable Gibraltar of the cable bundle. [Link]
Apparently, UBS did not feel energized by a visit to China. The economy is still struggling. Torrent of Commodities exports from China. Protectionism will be catching up soon.
We can keep writing about the imperative of reforms and restructuring in China. But, China is not interested except to pay lip service. China’s room for fiscal manoeuvre is limited. I agree. The China horror story from shipping industry woes
In China, the plot always continues to thicken. An ally of the deposed former princeling Bo Xilai died mysteriously in a heart attack in prison. He was only 44. The FT story has more meat in it. He had testified against Bo Xilai’s wife. The prosecutor who had helped put Bo Xilai’s wife had died under mysterious circumstances too earlier in the year.
The US is to deploy P-8 Poseidon surveillance aircraft to Singapore for the first time in the latest response to China and its growing military presence in the South China Sea. China is paying close attention.
Knife attack in London Tube Station on Saturday evening. Police treating the case as an act of terror.
Edward Luce writes that America more polarized than before after San Bernardino massacre when a Muslim couple casually shot 14 people dead, after leaving their baby with their mother. The husband was earning $70K in his job.
LA Times story on the San Bernardino shooters.
Short on answer but long on diagnosis. Interesting, important and useful read, nonetheless: “there are no quick fixes to the problems of urban disenchantment”. If so, are there no quick fixes to reversing the appeal of violent jihad?
French regional elections go into the second and final round over the weekend. It could signal tectonics shift in country’s politics. To that extent that it polarised the country’s politics, it will be a victory for ISIL.
In Germany, the number of registered asylum seekers rose to about 965,000 by the end of November, exceeding the government’s full-year forecast from August of 800,000.
Petition in the UK gathers more than 200,000 signatures for banning Donald Trump from entering the UK for his call to ban Muslims from entering the US for a year. The choice of the picture of Trump accompanying the article is revealing.
Two very good reads on Donald Trump and what he means for the broader discourse.
Turkey PM says Russia doing ethnic cleansing.
Did not know that Finland is debating a motion on staying in the Eurozone. Wolfgang Muenchau thinks that Europe may have to disintegrate before reintegrating.
Turkey angered by a Russian solider displaying a rocket launcher on shoulder as Russian ship passed through Istanbul.
According to this FT report, BIS still wants Western Central banks to normalize monetary policy without being swayed by financial market volatility (December BIS Quarterly Review).
One among many reasons why ECB did not offer as much stimulus as the market expected:
A pending U.S. Federal Reserve rate hike also factored into the decision, though to a lesser extent, as policymakers were concerned that a big move by the ECB would weaken the euro further and possibly force the Fed to delay its own action on rates to prevent a too rapid divergence of policy between the world’s top two central banks. [Link]
ECB Governing Council member Ewald Nowotny called market expectations of a big ECB move absurd. He was probably addressing ECB President stoking the market expectations as well.
SEC to crack down on derivatives. About time too.
Larry Summers endorses India’s stance at COP21. India’s rich have a smaller carbon footprint than rich countries’ poor. Very interesting.
Scientists link UK weekend storm to man-made global warming
Sanjeev Sanyal explains why Delhi’s road-rationing policy (odd and even numbered plates) might be difficult to implement.
China issues red alert for pollution in Beijing. What about Delhi? Further, the Public unhappy with China government for failing to issue pollution red alert in Beijing.
Saudi Arabia is getting isolated in many ways, it seems. Its stance in the Global Climate Negotiations comes under critical scrutiny.
Gideon Rachman in FT: Perhaps it is time to give the Saudis a choice: agree to allow churches, Hindu temples and synagogues to open in Saudi Arabia, or face the end of Saudi funding for mosques in the west.
Iranian leader Ayatollah Khomeini’s grandson to enter politics. He is considered a moderate.
It is not clear what exactly are hedge funds hedging. They have had a rough year. The real shakeout in the industry is still in the future.
FT thinks that South Africa removing its Finance Minister from his job was a bad idea.
FT has a long story on America’s shrinking middle class. If a distribution of any phenomenon is shrinking in the middle and fattening in the tails, it is no longer a normal distribution but a skewed one.
Capital flowing out of Turkey too and not just out of China. Well deserved, I must add.
Sovereign wealth funds pulling money out of asset managers.
Moody’s puts Brazil credit rating for a review for possible downgrade to junk status. Must be in the price already. Currency hardly reacted.
The shrinking Gross Planetary GDP – fascinating.
South Korea to issue a ‘panda’ bond (bonds denominated in RMB)
The head of the Croatian Human Rights Group sees his pants drop while posing for a picture with Croatian woman President!
On genetics and fitness. Looks like it does not make sense to exercise outside at all, in places like Delhi.
Andrew Batson’s list of best books he has read for 2015