An interesting map, published by Forbes, detailing corruption across the globe. It’s interesting how the bulk of the world is corrupt, and there is some level of correlation between overall wealth levels and corruption (the wealthy nations are less corrupt – Western Europe, Japan, Australia, North America). It sure as hell doesn’t seem to impact [...]
@**&#!! (!*!)!##! And, in addition, dazed and confused :-) Here is the full text of Satyam CEO Ramalinga Raju’s resignation letter Reactions/ comments?
Why is Bengal, one of the largest sources of coal in the world, importing coal from abroad? Long-time reader and IEB friend, Joydeep Mukherji sent us this article with a comment: The West Bengal government has decided to import one lakh tonne of coal at higher rates to fuel the thermal power plants which have [...]
Mohit Satyanand Though I have never invested in the shares of Reliance Industries, my recently gleaned understanding of the world petroleum scenario has made me respect the company’s vision in its refining projects. As I mentioned once earlier, RIL’s existing refinery, and the one nearing construction, reportedly have unparalleled flexibility to process heavy, high-sulphur (so-called [...]
There are two special things about the ongoing elections in Karnataka. The first is the presence of a large number of real estate developers in the elections. The second is the virtual non-existence of corruption, rather the removal of it, in party manifestos. These two points, I believe, are not independent. Under the current system, [...]
The relevant question is not Who are we going to trust but What are we going to trust? Arnold Kling wrote a freewheeling essay last year Should You Trust the Government? in which he points out In the case of government, there is good trust and there is bad trust. Good trust is trust in [...]
Russell Roberts says We should be realistic about politicians. George Stigler used to contrast his theory of politics with Ralph Nader’s. In Nader’s view, all of the ugly aspects of government were caused by the wrong people getting elected. If we could just elect better people, then we’d get better policies. Stigler argued that it [...]
Removing corruption in India entails a look at ultimate reasons, not proximate causes Here’s a supposedly novel approach to corruption, the legalization of bribery, courtesy Ajay Shankar Pandey, the Municipal Commissioner of Ghaziabad [Chicago Tribune]. Today, contractors being paid after finishing long-delayed construction projects write the municipality a check for the 15 percent bribe that [...]
Powered by WordPress