The Crisis of Credit

A very good visualization and explanation of the Credit crisis. All this while, I was unable to figure out how mortgages were related to CDOs, but this does a fantastic job of explaining. Worth sharing …

Indian Politics ki “Jai Ho”

Can Indian Politicians ever stay away from capitalizing on anything that remotely smells of success? From India Shining (and subsequently whining) to Chak De Congress, Indian Politicians have always been lapping anything popular and successful in order to boost their political fortunes, in the hope that ordinary citizens will vote in elections the same way as they buy soaps (by watching commercials) and unfortunately many do!

This time around, Congress has bought the exclusive electoral publicity rights to the inspiring and lively Jai Ho song from Slumdog Millionaire for a whopping Rs. 1 crore from T-Series, and to prevent their arch rival BJP from using the song to their advantage. It’s a bitter rivalry brewing out there – Congress firmly believing that people will get duped into believing 5 years of hodge-podge rule has had a similar effect on India – a slumdog turning into a millionaire, and sing Jai Ho on railway platforms after Congress’ deafening victory in the political circus. Of course, the effect on India can not be predicted, but all the slumdog politicians will surely turn into millionaires overnight. Narendra Modi, BJP’s own bête noire, has pitched in with a new gem:

The credit for Slumdog getting Oscar awards should go to India’s ruling Congress party because without years of the Congress rule there would not have been slums in India

Not that the BJP is far behind in the circus. From going back to the Ayodhya Ram Temple chant to woo voters, to advertizements all over the internet for the only “stalwart in Indian Politics” – LK Advani, the BJP has been trying to do an Obama in India. According to “some” (mine) estimates, LK Advani has single-handedly managed to help the Indian online advertizing industry to survive in these tough times, since wherever I go on the net, his pic follows me like a pug.

It’s only going to be an interesting elections to watch – my personal prediction is a hung parliament (which I can bet my money on) and re-elections very soon. Last time around, the hand used the sickle to weed out the lotus, until it really seemed to falter midway, and the cycle had to carry it to the finishing line. This time, however, the elephant is marching to other states, trampling hands and lotuses, flowers, and sickles. It will be an interesting and worrysome experience to watch this elections. (link)

Jai Ho!

[Found a blog with lots of elections09 coverage]

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