Analysis of Indian news dated 25-Jul-2012
July 25, 2012
25% of engineers in India don’t understands English. India education system is poor. By just by-hearting a few answers 2 weeks before the exam, most people can pass exams. India lags behind new inventions because of poor education.
IT companies have to train their new hires even though on paper they are engineers. Many IT companies find no difference between a Mechanical Engineer and a Software Engineer.
The fastest way to cure education woes is to open it to private competition. But then, government will lose control. Which government is progressive enough to release control?
Unemployment is high in India mainly because Indian government policies are not conducive to fast growth of private sector.
If Indian government was really interested in reducing unemployment, it would launch following reforms on a war footing:
- Reduce government regulations e.g. Have flexible labor laws
- Reduce taxes e.g. 10% TDS is too high because it assumes that business make 30% profit.
- Eliminate subsidies
What information does / can a mobile phone company store? Different mobile operators, in different parts of the world, do / can store different information for few months/years. Here is a sample:
- Our location, every minute of our life. When are we at home? Where do we work? How many hours do we spend at work? How do we travel to work?
- The people that we communicate (talk / sms / email) with. Who are our friends? Who are friends of our friends? What time do I communicate? An example of communication channel between people in graphical format is shown below.
Any information that cellphone company holds, can be accessed by government. To minimize the attack on our privacy, I suggest.
- Keep your mobile phone in flight mode (or switch off), whenever possible.
- Use a land line or keep a separate mobile phone at home for making all outgoing calls and receiving the same at home.
- Use Skype or Google talk or yahoo messenger from PC / Laptop with wired internet connection to make calls / sending sms / emails.
- While protesting against government, never carry you mobile phone (unless it is in flight mode or switched off).
- Don’t pay for goods / services by mobile phone or by any other electronic method. Pay cash.
Lesser the government knows about us, the safer we are.
Multiple analysts have issued a warning. The world stock markets are headed for a crash.
If Bernanke prints Trillions of dollars, then stock market may rise by maximum 10% for a few months. Bernanke actions can delay the coming crash, at the cost of higher inflation.
The crash is certain, but timing of the crash cannot be predicted accurately. Anything governments do, to postpone or minimize the crash, will cause inflation to rise.
Libor interest rates scam involves many banks, FED chairman and USA Treasury secretory.
Governments are under pressure to punish the guilty. So “small fish” i.e. some traders are being arrested. Actually, these traders were just following the orders issued by Bank CEOs. Had they not followed the orders of Bank CEO, they would have lost their job. The bank CEOs are not being arrested; the traders, responsible for implementing the scam, are being arrested. As usual, big fish escapes and small fishes are slaughtered.
Buy physical gold and silver to protect yourself. If you cannot touch it, you don’t own it. Exit all paper investments including ETFs, stocks, PF, PPF, NSC, etc.
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