India’s Stinking Auditors – Satyam Scandal – Part Two

Posted on by kalidas

This is a sequel to Satyam Scandal in India. The author investigates like a forensic detective where the Auditors went wrong and how could they have missed the mountain and searched for a mole. The fraud could have been easily detected by the Auditor Price Waterhouse, India Chapter, which is part of Price Waterhouse Coopers, USA. The author points out exact mistakes committed by the Auditors. This shows the inadequacies of the accounting standard. While Investors depend on the Auditors for proper accounts so that they are not taken for a ride, the Auditors behave negligently and certify most of the accounts of listed companies based on relationship with the management or some other considerations .

US Economy – Coma, Colon & Full Stop

Posted on by kalidas

The present credit crisis is getting out of hand. President Obama has to do something very fast. His good oratory will certainly help people gain confidence but it can easily evaporate. Target specific actions are required. Merely trying to help the defunct banks is like throwing good money after bad money. It is time to preserve what is already in good condition and discard what is bad or worst. The author describes a game plan and step by step strategy to de freeze the credit and get the economy rolling again. It will work. The author who has written a book called “Sub Prime Resolved” is nearly ready and will be published soon. It contains complete step by step solution to entire range of crisis. It is in fact a “Bible of Economic Recovery of United states.

Warren Buffet – An Investor turns Moneylender

Posted on by kalidas

No one questions Warren Buffet. He is next only to Lord Jesus that the people begin to believe. However, he too is not infallible. He is human and makes mistakes. The wuthor critically examines how venerable Warren Buffet was taken for a ride by a few opportunists in the Fed and Treasury, and how did he compromise on the security aspects of his massive $ 8 billion of investment in Goldman Sachs and General Electric. The edge is cathing on Mr. Buffet. He is 78 and want to see the return in short term before he gets the final call. In this anxiety, he has begun to make a few mistakes. They are costly ones. Read more…..

A Decisive President thoroughly Wasted – George W Bush

Posted on by Anil Selarka

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….

Obama’s Baby Steps into White House

Posted on by Anil Selarka

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….

Robbers on the Loot

Posted on by Anil Selarka

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.

CHANGE – Reforming the Constitution of India after 60 years

Posted on by Anil Selarka

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.

Vultures Circling on US Auto Makers

Posted on by Anil Selarka

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..

Helping Indian Industrialists, Mr. Prime Minister

Posted on by Anil Selarka

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.