Showing posts with label US. Show all posts
Showing posts with label US. Show all posts

Monday, May 6, 2013

It's time to get organized

Syria’s disorganized opposition forces cannot make an impact until they stand united to attract international community to a single platform to help them

Syrian opposition activists regularly express disappointment with the level of international support that they receive. Although the last meeting of the so-called “Friends of Syria” (a group of countries that convenes periodically to discuss Syria’s situation outside of the United Nations Security Council) brought more financial aid, the degree of genuine outside commitment to their cause remains questionable.

The US, the EU, Turkey, and most Arab countries agree that Syrian President Bashar al-Assad’s regime is no longer legitimate. They have intensified sanctions against the government, and have provided different kinds of support to opposition groups. Some states have delivered automatic weapons, ammunition, and rocket-propelled grenades. But arms deliveries have dried up, and the rebels’ pleas for anti-aircraft weapons remain unanswered.

Moreover, neither Syria’s neighbors nor Western governments are willing to intervene militarily. Indeed, despite expressions of solidarity, they have refused to establish a protection zone for Syrian civilians along the border of neighboring states, or to impose a no-fly zone for Syrian military aircraft. As a result, Syrian opposition groups believe that they have been left to confront Assad’s brutal regime alone.

But Syrian oppositionists must recognize that the lack of decisive international action is not only the result of Russia and China vetoing any meaningful action in the Security Council, or NATO countries’ unwillingness to enter into another war in the region. In fact, the international community is waiting for Syria’s disorganized opposition to transform itself into a coherent, effective force as much as the opposition is waiting for the international community. This entails forming a common platform that represents all relevant groups, including the Local Coordination Committees, the Syrian Revolution Coordinators Union, and the Free Syrian Army’s military councils.

The Syrian opposition needs to establish an umbrella organization accepted by all, including the de facto civilian and military leaders who have emerged locally over the last year and a half. These groups already share a common goal – to bring down Assad’s regime – and most of them (with a few ultra-militant exceptions) hope to build a peaceful, inclusive, and democratic state.

Influential opposition figures – such as former parliamentarian and political prisoner Riad Seif and the SNC’s former leader, Burhan Ghalioun – have proposed promising strategies for forming such an umbrella organization. For example, a “group of wise persons” who do not seek political positions could oversee the creation of a provisional council that includes all relevant political groups and coalitions, the military councils, the business community, and religious leaders.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
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Tuesday, April 2, 2013

Is SEC Setting us up?

Out of 26 Odd People Under Trial in The Galleon case, Gupta is in The Few Facing Civil Instead of Criminal Proceedings. Is The SEC setting The Stage for an Escape Route?

The verdict is finally out, loud & clear. Good guys have won yet another round (apparently)! The nailing of Galleon Group hedge fund (managing over $7 billion before closing in October 2009) tycoon Raj Rajaratnam has been brandished around by SEC in an attempt to project the view that the US legal setup is still not a set-up in US when it comes to chasten influential financial-world figures. One has to accept to SEC’s credit, the Galleon case is the biggest blow against insider trading in a generation as the trial involved some of the most high-profile executives on the Wall Street. But hold on to your beer barrels, we just might have been had by the SEC.

First the empirical evidence. No doubt, there have been cases in the past where people have been caught for their crimes, but almost all of them (except a few; see chart) surprisingly escaped unscathed. Even the government has tried to curb cases and incidences of insider trading by putting in place laws like SOX (the Sarbanes-Oxley Act of 2002), but much in vain. According to data compiled by Bloomberg, while there were just 70 hedge funds managing $39 billion in 1990, the number had grown to a whopping 2,600 (managing $1.7 trillion) by the end of 2010. And so, one may presume, the cases of insider trading.

However, this time, thanks to the diligent prosecutors and FBI agents involved in the case that Rajaratnam, a Sri Lanka born US citizen, was finally found guilty of conspiracy and securities fraud on all 14 counts, and now awaits sentencing on July 29, 2011, which is most likely to put him behind bars for the next decade or so (or even more!). Rajaratnam is said to have made over $60 million by illegally trading on secret tips from bankers, consultants, traders, directors, and former employees of some big companies, including Goldman Sachs (GS) and McKinsey. Apart from Rajaratnam, there are more than 40 people who are now facing insider trading charges stemming from a nationwide investigation that has roots going back to 1998.

But now that Rajratnam is down, what awaits Rajat Gupta?
As one would know, the United States Securities and Exchange Commission (SEC), on March 1, 2011, accused Gupta of illegally tipping Rajaratnam with insider information about Goldman Sachs and Procter & Gamble while serving on the boards of both companies. For instance, in October 2008, Gupta apparently attended a Board meeting of Goldman Sachs where it was revealed that Berkshire Hathway, owned by the legendary investor Warren Buffett, would invest $5 billion in the company to bail it out of trouble. SEC has evidence that Gupta passed on this information to Rajaratnam, who in turn made a killing. In fact, wiretaps of phone conversations between Gupta and Rajaratnam released by prosecutors during Rajaratnam’s trial clearly show that Gupta discussed the details of Goldman Sachs board meetings with Rajaratnam, including the company’s plan to buy some other financial firms like Wachovia and AIG.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles

 

Wednesday, March 6, 2013

Muthoot Finance Ltd in conversation

Managing Director, Muthoot Finance Ltd in conversation with B&E’s mona mehta

B&E: You are planning to go public shortly? Does it aim at capacity expansion alone?
GAM:
Not exactly. Going for the public issue is necessary for both, scaling up the business as well as to diversify our existing investor base.

B&E: Considering the fact that the competition in this segment is heating up faster than ever, how are you planning to save your number one position?
GAM:
With a gold loan book of over `100 billion and a network of close to 2000 branches, we are the market leader today and one of the most respected brands in financial services domain. As the pioneer and leader of gold loan business, our efforts will be to maintain this leadership position. Thus, we are constantly upgrading our customer service quality. Efforts are also on to vastly expand the distribution reach by improving the branch network. The company aims to add 1,075 new branches this fiscal – 575 in southern states and 500 in northern states. Among them, 600 branches have already opened.

Moreover, the group is now looking forward to set global footprints. Keeping that in mind, we have opened an office in New Jersey, US for remittance business after acquiring a company, in the UK, where gold lending has been a big business, awaiting for the regulatory approval to launch our operations. Also, we have a money exchange company in Dubai, which is in operation since last year.

B&E: Gold loan providers in general deal with short-term funding. You also do the same. What’s the reason behind it?
GAM:
Gold loan is taken for personal purposes. It is now widely accepted as a short term business loan. So, the normal duration of such loans range between 3 to 6 months. However, there are schemes where the term can go up to 1 year.

B&E: Are you considering the option of acquiring small to medium gold loan financiers for capacity expansion this year?
GAM:
Yes, normally we do consider all such options. But at present, we don’t have any such plan in the pipeline.

B&E: What is your our outlook for the sector? Do you think the competition will further intensify?
GAM:
Yes. Competition is bound to increase as a number of large players are entering in to this business. Even banks are interested. But then, the growth potential is tremendous. As of 2009, gold stock in India is estimated to be around 15,000 tonnes and organised gold loan portfolio is still a miniscule portion of the same.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Tuesday, February 5, 2013

Intel outside, Qualcomm Inside!

Suddenly, a half-sized enemy known as Qualcomm, has stepped into the ring as a challenger to Intel’s heavyweight tech-title. How many rounds will this bout last? B&E’s Steven Philip Warner answers

One fine October afternoon, Andy Grove, the legendary former CEO of Intel, stepped up to the microphone in a five-star hotel ballroom down the street from Intel’s Santa Clara headquarters, to address about 300 top managers from the world of technology and media. Just two minutes back, Intel’s CMO Eric Kim had outlined how Intel must “clear out the cobwebs” and put to rest many Grove-era philosophies! A deafening silence followed. For Grove, it meant giving his sanctified official approbation in his Hungarian-accent, to Otellini’s plans of jettisoning the old Grove formula of remaining cock-eyed on microprocessors for PCs, thereby pushing ahead Intel into more than half-a dozen segments, including wireless technology. And he did just that, that fine October afternoon of 2005, a day in the life of Intel, which was supposed to change its future forever... which it has, at least till date!

In the four years that have followed, Intel has not been able to return revenues higher than the $38.83 billion it had recorded in FY 2005! To imagine that this followed a consistent 13% y-o-y increase in annual revenues till 2005 isn’t quite the painful ordeal, for here comes the bombshell – when Grove relinquished his CEO title in May 1998, he had presided over a 4,825% growth in Intel’s Mcap (that touched $197 billion). But since Otellini took charge in May 2005, the company has shed 30% of its value (that fell to $107 billion as on January 31, 2010). Clearly, Otellini, despite his ‘timely’ move into mobile devices, failed to factor-in threats from worthy opponents, who have over time, chiselled away Intel’s market dominance. And the most dangerous amongst the challengers is the $66 billion Qualcomm, as Tom Halfhill, Senior Analyst, In-Stat Reed Business Information US tells B&E, “Qualcomm’s strength is low-power ARM-based system-on-chips. It will take a while for Intel to match its top rival’s low-power & high-scale of integration.”


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Wednesday, January 30, 2013

Vote bank politics

Fighting terror can’t be held ransom to vote bank politics, believes Ranjit Bhushan

The conduct of the union home ministry during the five-year-UPA rule has been blasphemous. If Shivraj Patil became known more for his sartorial elegance and less for insights into the working for India’s internal security structure, his successor P. Chidambaram, who made a good start, has lost political face by throwing out the IPL saying that teams could be attacked like the Lankans in Pakistan. “By doing so, he has walked into the trap laid by terrorists,’’ avers BJP MP Ravi Shankar Prasad. “The Congress is committed to fight terror. We know how to deal with it,’’ Congress spokesman Abhishek Manu Singhvi, retorts.

Judged by any neutral observer, it would be safe to say that the UPA government has seen less of terror attacks when compared to NDA. There have been no attacks like the ones on Parliament and the subsequent buildup during Operation Parakram. Even though, it has been business as usual in Kashmir.

Sadly, India remains one of the few countries in the world where the consensus on terror has nearly broken down and can easily pass off as a party dispute – apart from occasional joint statements issued on floor of the Parliament. While Republicans and Democrats in the US frequently disagree, there can be no differences on fighting terror and it cannot be held ransom to the vagaries of vote bank politics. The sooner parties in India realise it, the better and safer it is.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Friday, January 4, 2013

RaBieD!

Latest stats on Reverse Brain Drain

Nirad. C. Chowdhury’s shallow claim to be the sole Briton living today who is aghast at the degeneration of Anglo Saxons, does not undermine his deep rooted admiration for the all conquering Britain in their heydays of colonial rule. Many before and since have had a quintessential fancy for the Western lifestyle, their values and their education, the inspiration of which provided them the driving force to land up on foreign shores. The colonial rule is gone now, but the magnetism of the West still persists.

Notwithstanding the fact that US has replaced other nations as the most favoured destination for immigration – with Indians and Chinese forming the bulk of them either in Silicon Valley or in American Universities – the current presentiments are alluring many to return to their home countries. A joint team comprising researchers from Harvard, Duke and Berkeley has forecasted recently that approximately 100,000 Indians and the same numbers of Chinese will return to their respective countries in the next 3-5 years (the research showed how 60% Indians and 70% Chinese feel they are better off in their own country). Compare this to the 50,000 Indians and similarly numbered Chinese who returned home in the past twenty years.

This ‘Reverse Brain Drain’ is happening not only because they are being forced to, but also because of the fact that India and China are comparatively more insulated from the clutches of recession and are surely going to be the markets of the future where investments by global corporations is definitely going to increase on a mammoth basis. One can gauge the positive feeling (or the ‘home country factor’, as experts put it) by the fact that about 44% of the returnees to India are/were placed in managerial positions with hefty packages. Time to rejoice?


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles.

Wednesday, October 31, 2012

Still on the ‘Bush’wagon?

Obama may not fare much better than Bush on intelligence oversight

Would it be intelligent enough to keep activities of intelligence agencies under wraps? Or is it time to let accountability take priority? Obama is not finding easy answers to these questions as the debate on the Intelligence Oversight Bill gains momentum. If and when the bill is passed, top level intelligence agencies like CIA, NSA or FBI would be accountable to the people. So far, their operations have only been known to the President and his team of advisers. A similar bill was raised earlier during the regime of former President Bush and he vetoed against it; giving former Vice-President Dick Cheney full authority to run anti al-Qaeda operations secretly. And whenever there has been scope of scrutiny; for instance, on the methods of interrogation used for al Qaeda suspects or the illegal use of state surveillance, the process has been stalled on the basis of the argument that information revealed would be detrimental to security interests of the US.

Source : IIPM Editorial, 2012. An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
 
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Wednesday, September 5, 2012

Millennium Development Holes

UN can’t do it alone, MDG requires a cumulative and concerted effort

2001 was a landmark year in the global war against the scourge of poverty. Under the initiative of erstwhile UN Secretary General Kofi Annan, the world identified the urgent need to address egregious social and economic conditions in impoverished nations and remove them substantially under the Millennium Development Goals (MDG); to be achieved by 2015.

If these goals are achieved, the world’s poverty will be reduced by 50% and billions of people will benefit from the fruits of development accomplished from it. However, with only 5 years to go, the progress is far behind schedule. It started off well, with financial aid from developed countries coming handsomely, but recession brought the aid down. The US donated only $598 million in 2009; EU offered $1.3 billion in 2010.


Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face

Monday, August 27, 2012

No Tali-‘ban’?

G8 moves from comedy to ludicrous

In their meeting last month, the G8 leaders issued a straightforward ‘warning’ to Afghan President Hamid Karzai, asking him to produce a detailed plan on how he’ll be handling the country’s security and reducing the prevailing corruption. The group asked Karzai to “combat corruption, address illicit drug production and trafficking, improve human rights, improve provision of basic services and governance and make concrete progress towards reinforcing the formal justice system.” That’s fine enough. Then came the comedy. They also imposed a ‘five years’ timeline for the results.

And what if Karzai fails to achieve the targets within the timeline? Well, the G8 kind of skipped that point.

Previously, such demands by G-8 were viewed as a brash display of arrogance. With the current ‘five years’ timeline, they’re viewed as being over-the-top ludicrous. It is amusing that countries like US and UK made such a demand in spite of being actively present in the war-torn nation.


Tuesday, August 14, 2012

America’s top commanders, says Saurabh Kumar Shahi

Iranians see Israeli actions as synonymous with Americans. And so do America’s top commanders, says Saurabh Kumar Shahi

What angers Americans and Israelis most is that unlike Egypt and Jordan, Iranians have never discounted their support for the besieged masses of Gaza. Israel’s image in Iran has suffered more hits because of recent incidents – assassination of a Palestinian leader in Dubai, identity theft and faking of passports by Israeli agents, announcement of further illegal settlements in the occupied territories are enough proof of that.

US Vice President Biden’s humiliation by the Israelis not only rattled the Americans but also made the administration sit up and take notice. The significance of this is not lost on the Iranians. “It is a classic case of ‘tail wagging the dog’ and not otherwise. The American and British regimes tried to appear angry. However, when the proposal was put in the UN to condemn the settlement, the US was the only one to vote against. Does the US think we Iranians are foolish not to see that?” adds Qummi.

Ask any Iranian and he’ll tell you that the relations with the US can only be mended when the latter stops its unequivocal support of Israeli actions. In fact, this feeling is widely prevalent in the entire West Asia. It was not for nothing that CENTCOM commander Gen. David Petraeus, in his brief to Joint Chiefs of Staff Chairman Adm. Michael Mullen, reported that “there was a growing perception among Arab leaders that the US was incapable of standing up to Israel, that CENTCOM’s mostly Arab constituency was losing faith in American promises, that Israeli intransigence on the Israeli-Palestinian conflict was jeopardizing US standing in the region.”

Petraeus, in his capacity as the commander of American troops in the region, did not mince a single word in his commentary. He made it amply clear to the administration that America’s support for Israel is the biggest catalyst for the young boys to join al-Qaeda. And that the Israeli actions are jeopardizing the security of American troops in the region. The views in Iran are no different. Given the fact that the US regime is not what it used to be under the Bush era, Israel needs to rethink its stand.


Saturday, July 21, 2012

Socking it to Whom?

Use of Sock Puppets Questions America’s Moral Value!

It is well known that Facebook and Twitter have been major tools in coordinating the civil society’s response in various uprisings across the world in recent times, the most recent one being Egypt. What would you then call a democracy that deliberately and unfairly attempts to manipulate public opinion to its advantage by controlling access to such sites; or by controlling the sites themselves? Not much of a democracy anymore, right?

The country in question is US, again! Apparently, the American military has now developed sock puppets that will not only manipulate social networking sites (through fake profiles) but will also zealously spread pro-American propaganda. This is quite similar to Chinese censorship of social networking. Ironically, while on one hand, the US criticises Chinese moves to manipulate media, on the other, it is following suit. These sock puppets will be able to influence and manipulate online discussions without being caught or suspected as fake profiles. These sock puppets can not only converse in English, but will also maintain profiles in Arabic, Farsi and Urdu and thus also manipulate & control conversations in these local languages. The program is supposed to make the US treasury lighter by $2.7 million. With sock puppets having capacity of talking in many middle-eastern languages, the intentions of Americans are quite evident and the targets can also easily be pointed out.

Of course, the official response is that this is a move only against supporters of al-Qaeda or perpetrators of other anti-US activities. The unofficial corollary is that from Wikipedia to Facebook, from Twitter to MySpace, from LinkedIn to Baidu, expect shameless eulogies of the American way of living in the next few months.