Why AIG not Lehman - Behind the Scenes Story

Why US government has bailed out AIG but allowed Lehmann Brothers to collapse. This was one question circling around the world for some time. The facts behind is explained in this blog below.
 
The Goldman infallibility myth - http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/03/the_goldman_infallibility_myth.html

An eyeopening blog showing how worse the situation is and how poor the governance over  banking/finanical services industry is. Atleast now, world has to come forward with some strict governance policies.

When i said governance policies, i doesnt mean its only for BFS industry but also for the so called Tax Payers also, Developed Countries should change their policies around how people think - "government support them whatever they do". Its the responsibility of tax payers to analyse and think ones own financial status before embarking into any credit based loans/ cards etc., As long as the tax payers dont change their attitude, this crisis would keep hitting back with more force.

Excellent Initiative - Felt Very happy

"Jaago Re" - Initiative which is highly appreciated. This would make the Largest democracy in the world, a true power. Educated voters excercising their vote would make a difference, i believe. Hope my company would participate, as well every corporate, and help our democracy.

watch out these links

http://www.tata.com/company/releases/inside.aspx?artid=oJbaL9LmLPs=

http://www.jaagore.com/

Snowfall in London - Cats and Dogs!!!!

Its snowing in London....Heavy snowfall it has seen for last 18 years. Around 15cm snowfall...Priya is excited seeing the first ever snowfall in her life. Of course its the same for me seeing such heavy snowfall. :-)

I am reminded of famous song from Die Hard 2 - "Let it Snow....Let it Snow..."

Ideal World - My view

I dont understand why the media/world is very interested on the origin/color of a person. In the last few days or even months, every form of media, whenever they talk about America and recent elections, they refer to Barack Obama not just as Barack Obama but as first black president or first black democratic candidate, first black etc.,

Why should the Media refer him with his color. I understand, the world has seen worst racist times in the past, but now atleast in 20th century, the same world is united (atleast to outside) in condemning racism and number of laws and Acts are created. In spite of all that.....

Why should he be referred as First Black President of America, why not treat him as any other person (as human infact) and say 42nd or 43rd or whatever president of America. Why should the media be allowed to refer by his color.

Yes he may be first person or a 100th person, which is known to all or not, i would say media should not use the ethnic/color as in referring a person. There will be cases where in some parts of the world untill the media said so, people would not have known him as Black or White. If on the streets or any public/private place a person being referred by his color is not accepted and is tagged Racist remark, then this is also the same and Media should be brought into court.

I still strongly feel the world or larger part of world still has this menace "racism". When a world renowned media company refers to 26/11 attackers in Mumbai as Gunmen but the attackers who attacked their part of world even if its of smaller scale than 26/11 Mumbai, are referred as terrorists - proves how deep this bloody menace is.

My view of ideal world would be to refer a person just by his name rather than ethnic/color. As first step towards it, We need to get the Rule or Act that should ban this usage by Media.

Wish you all a very happy and succesful New Year 2009