One of the most devastating article from the pen of Anil Selarka (Kalidas). The author critically evaluates the performance of George W Bush, the President of United States, with only 3 more days to go. He compliments Bush for his decisiveness and unwavering mind, but also admonishes him for relying too much on his coterie of advisers who misguided him all the time during his 8 years of Presidency. “While engaging in war of Iraq, Afghanistan and rest of Middle East, the President Bush almost forgot the map of United States” the author exclaims. He could have been a wonderful leader but he lost all opportunities. The author considers that he was highly influenced by his ex-President father George Henry Bush and his legacy of advisers Cheney and Rumsfeld. How he erred, where he misfired, where he excelled and how his overall performance was de rated is clearly explained by the author. Read more….
The author critically examines the preemptive days of Barrack Obama before he assumes the Presidency. He held out lots of promises that gave him the opportunity to become President of United States. But the chaos that has set in has already made his life miserable. He is unable to force any change by recruiting only trusted old guards from erstwhile Clinton Administration. His choices of people, his priorities, and his views on economy and resolution of economic crisis are so poor that he is promising to be yet another “mediocre” to rule the United States. The nation is on the verge of breaking apart, the Author claims, and it is possible the fate of USA will imitate that of USSR, and in that case, Obama will perhaps be the last ruling president of a beautiful nation once upon a time called United States of America. Read further….
The author examines the role of the FED, Treasury, Senate and the President in denying paltry $34 billions of loan package to US Automakers, viz. GM, Ford and Chrysler and save 3 Million jobs while liberally giving $410 billions in loans and guarantees to Citigroup who fired 75,000 employees. Is FED creating unemployment? It would cost otherwise $200 billions by not helping the Automaker due to massive rise in unemployment allowance by $200 Billions combined with lost taxes. Is it real stupidity or does it point to corruption in high places. FED distributed over $ 2trillion dollars in last 2 months in non transparent operation. Something is wrong somewhere.
Recent terrorist attack in Mumbai killed over 125 and injured 300. It was most brazen act equated with 911 on United States. This has promoted call to curb the Islamic terrorism in its bud and address the challenge to do what has not been done in India over 60 years. Things have changed in last 6 decaldes, aspirations of the people also changed. The modern India needs modern constitution. The old constitution lived its life. It is time to change it completely. Author critically evaluates entire scenario that have long term effect. Read the article.
The author starkly contrasts the accomodating policy of giving billions of dollars to bankrupt brokers for their off shore operations, while denying 3 Auto makers of just $25 billions to stave off the bankruptcy that would otherwise cause over 3 millions of job losses. Read more..
The Author applauds India’s top Industrialists – Ratan Tata and K M Birla. They became victims of the credit crunch that severely dented viability of their overseas acquisitions such as Corus, and Jaguar (in UK by Tata) and Novelis (by Birla). The author appeals to the Prime Minister and Finance Minister of India to help these great industrialists from India’s FOREX reserves of $300 billions and save these vital groups from dire distress. India’s forex reserve should be used for Indians first and others later, the Author argues.
The Author instantly reacts to the news of Tata Tele’s sale of 26% stake to NTT DoCoMo, Japan’s biggest company. How much NTT pays, what is the effect on stock price, what are the hidden secrets, in lucid fashion
The Author tried to address the hypes on one of India’s most premium business house – Reliance Induustries Ltd, and its presently promoted Reliance Petroleum Ltd. (RPL) a massive green refinery, ranked 6th largest in the world. The refinery, in which Chevron holds 5% stake, comes on production stream in December 08 (now delayed to Jan 09). The stock price of this unborne child went on as high as 259. Currently trading at Rs 82, the author argues that the stock of this prized company could drop to 30 to 60 level due to host of factors, including hitherto unknown Rs 77oo crores of derivatives outstanding (US$ 1.6 billions). Too many shares – 4.5 billions are too much to digest in the market, although 70% is owned by its parent RIL – first ever Fortune 500 Indian company.
The Author reproduces the letter addressed to the President Bush proposing resolution of credit crisis with complete action plan. The letter was received by White House on 25 August, 2008, almost 2 months and 1 week before the present impasse. It was not attended to with the result the crisis developed at unprecedented pace from 2nd week of September, throwing entire Nation and the World into most horrific financial crisis. While the President had time to go to G7 meeting, he did not have time to at least look at the solution recommended at his doorstep by this author. And the result is known now – $40 trillions lost world over in last 2 months (including $15 to $20 trillions in US alone) and the crisis is not even showing sign of abating – in fact it is worsening. 2 months of golden opportunity was thrown away by the President of United States who never had any idea what to do, when, how and resolve it as fast as he could. He believed merely on rhetoric and trusted his advisers who let him down everywhere.
This article teaches the Investors the basics of investing especially in market crash. It trains the mind of an investor what, when, how and why should he buy a particular stock, how to hold them and when to sell in future. It is the primer not only for beginners, but also seasoned investors and professionals.