“We are doing God’s work,” said Llyod Blankfeign of Goldman Sachs. In 2008 Goldman saved its existence by converting itself into a regular bank. They are still classified as a deposit institution. But a bulk of what they do is investment banking and trading. Most of their profits come from proprietary trading. In other words, […]
TeluGlobe’s contributor Chakravarthy garu was on TV-9 to defend AP-NRI’s pro-united AP stand. I know how these TV interviews work. It is not easy to be spontaneous when you are not used to facing bright lights and partisan hacks called anchors. Unfortunately, Chakravarthy’s message was hijacked by the anchors stupid questions. This anchor took all […]
Ladies and gentlemen, please join me in welcoming Tanuja, ChandraSekhar, Arun and Varun as TeluGlobe Contributors. Arun About Arun: I am from Madhira, a small town in Khammam District. I have completed my schooling and Plus Two in Madhira. And I did my Graduation in Khammam and PG in Hyderabad. Currently I am working as […]
Enough Said. (Hat tip to the Big Picture Blog)
Goldman, Toyota and now BP all have problems with consumers. But only one company stock bucked the sentiment. Your government’s handouts help even if your customers ditch you. Enough said.
In the Ice Hockey finals at 1980 Olympics between Team USA vs. Russia, in the final seconds of the game USA scored to win the Gold. Al Michales who was calling the game at that time said, “Do you believe in miracles?” Since then it has become a part of American vernacular. The poll question […]
Most of don’t mind sharing sweet memories. ALL OF US HAVE DARK secrets. But few dare to speak out about dark secrets. Let us see…. This is an anonymous poll – NONE of your information is collected. If you already took the poll, click here to see results. Love letters: Did you write or receive […]
Ladies and gentlemen, This is the era of blogs. Believe it or not, contributing to and participating on blogs is a good way of networking. You must be tempted to have a personal blog of your own. Come on, don’t lie to me! 🙂 Even if you were not tempted to have your own blog, […]
In this tweak to the experiment, you get to keep all $10 and take up to $10 from the stranger. His/her decision to accept or not accept your offer is irrelevant on how much you get to keep. What would you do in this case? [ad#GoogleHalfBannerInline] QuestionsView Results What is the conclusion?
Now we will change the parameters of the experiments in Poll 1: Here, also you are given $10. You can give some to a stranger, or negotiate with him/her to take $1 of his money and you get to keep all of the money. His/her response doesn’t matter. What will you do then? [ad#GoogleHalfBannerInline] QuestionsView […]
You are given $10. You have to offer some of it to a stranger. If the stranger accepts your offer, he/she and you both get to keep the money. Otherwise, you will lose all of it. The stranger doesn’t know HOW MUCH you have, but knows that you will lose all of it, if the […]
I teach Engineering Economics, which is essentially an introductory subject on infrastructure finance. One of the questions I routinely asked in this class was, “if you have unlimited amount of money and don’t have to worry about money, what would you do?” The single most popular answer was: “I will travel” Second most popular answer: […]
Few people talk about NTR’s direction. No other song has had as much influence on Telugu culture than this song from Sree Seethaa Raama Kalyaanam. This is one of the best picturizations I have ever seen.
Fiction writer Ayn Rand and economist Friedman have strong ideas about how the world should be. In Rand’s fictional world, Robinhood-like character is a villain and they have no place in the society. Is it, really? Do Robinhoods promote only laziness among masses? Greenspan, the crackpot and a great disciple of Rand has experimented in […]
A few days ago I mentioned that fiat money’s march towards M0 is classic outcome of a deflationary economic cycle. The following news confirms my worst fears. [Via UK’s Telegraph] US money supply plunges at 1930s pace as Obama eyes fresh stimulus The M3 money supply in the United States is contracting at an accelerating […]
