Is it fair that while the elite are safe in their protective cocoon, the common man fights the ‘War of Terror’?

The Bushies, it seems, do not believe in paying any of the cost of the fights. They do not believe that they or their friends should face any personal or professional penalties for trivial sins like distorting intelligence to get America into an unnecessary war, or totally botching that war’s execution. Even Paul Wolfowitz, who managed the rare feat of messing up not one but two high-level jobs, has found refuge at the American Enterprise Institute.

Which brings us to the case of I. Lewis “Scooter” Libby Jr. The hysteria of the neocons over the prospect that Libby might actually do time for committing perjury was a sight to behold. In an opinion piece in The Wall Street Journal titled “Fallen Soldier,” Fouad Ajami of Johns Hopkins University cited the soldier’s creed: “I will never leave a fallen comrade.” He went on to declare that “Scooter Libby was a soldier in your – our – war in Iraq.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

United States heading for Collateral damage...!

Given the likely scale of the problems in the collateralized debt obligation (CDO) market, the US stock market has held up well. In March 2007, we mentioned that the problems in the sub-prime lending industry would likely spread to brokerage companies and other financial institutions. Although the US stock market made new highs in June, brokerage stocks (with the exception of Goldman Sachs) were unable to better their January/February 2007 peak. Technically this is a negative sign for the entire stock market. Why? Because a very large chunk (about 45% of S&P 500 earnings) are financial earnings derived from financial intermediaries directly (market capitalization of financials is approximately 23% of the S&P 500) and financial profits from treasury and consumer lending operations of large industrial giants (GMAC, Ford Motor Credit, GE Capital etc).

It is probably fair to say that every multinational corporation has a hedge fund similar treasury department, whose objective it is to minimize borrowing costs & maximize the return on the treasury’s cash holdings. Hence, the stock market has begun to have second thoughts about future corporate profits.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

The Fine Print

There are many more who are toeing the path to becoming conglomerates. Th e biggest media company of the country, Bennet & Coleman Co. has made its footprint in the TV space by launching Zoom and Times Now, it is going great guns in the radio industry too through its Radio Mirchi brand. While it is on a continuous prowl for new opportunities in the new media space apart from already having some popular properties like Indiatimes, it continues to be the leader in the print genre with the Times of India brand and many popular magazine titles under its firm grip. Meanwhile, Times of India group’s arch rival Hindustan Times launched the nation’s fifth financial daily ‘Mint’ in partnership with the Wall Street Journal. “A business paper was on HT’s radar for a very long time, and looking at India’s upbeat economy, we realised that there is a very glaring opportunity of being a strong number 2 in this category as 65% of the market share is under’s ET’s control and the rest is divided among the other three players,” says Ranjan Bhalla, Publisher of Mint. One of the country’s oldest media houses, Hindustan Times has also forayed into the radio medium (Fever 104 FM). Its foray into television called Home TV (a JV with BBC) failed in the 1990s and new plans are in the back burner.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Bush is violating constitutional norms & making US look ugly

MCA, the brainchild of the Bush administration, is a part of the well-planned stratagem to subvert civil liberties. The title innocuously refers to Military Commissions (criminal courts run by the US military).“Under the MCA, any US citizen accused of terrorism, including critics of the administration, is subject to being labelled an ‘enemy combatant’ in the war on terror and held indefinitely by the US military, as well as be tortured and denied due process of law & trial by jury,” Jacob G. Hornberger, President of the US-based Future of Freedom Foundation told B & E. Trenchantly lambasting this Jim Crowesque law, which is ultravires of the US Constitution & Bill of Rights, Professor Noam Chomsky of MIT opined to B & E, “The MCA is one of the most depraved pieces of legislation ever passed in the US. If it survives judicial review, the US will be well on the way towards the executive dictatorship that is the goal of the Bush administration.” This draconian act has veritably destroyed the ideals of the founding fathers of the US. This black law undermines the ‘Great Writ’ of habeas corpus & the US Supreme Court’s landmark ruling in June 2006 in Hamdan v. Rumsfeld, wherein it held: “military commissions to try an ‘enemy combatant’ are illegal and lacking the protections required under the Geneva Conventions & US Uniform Code of Military Justice.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative