imjingjing

I think we have found the way to destroy Al Qaeda, or for that matter, any terrorist organisation. Don't send the Navy Seals or the National Security Guard or Special Forces. Send in Ramamritham instead ! This post has no place in what is ostensibly a business blog, but this writer could not miss the opportunity to ridicule Ramamritham anywhere and everywhere. So , with apologies , here's the story. When the French forces recently retook much of Mali from terrorists, the press who followed them found a detailed letter and a number of documents in a building which was a base or Al Qaeda. The letter was to a thug and hoodlum called Moktar Belmoktar. It throws light on how Ramamritham has wormed his way even into Al Qaeda. The letter was a "warning letter" to the said terrorist castigating him for not filing expense statements !!! It also was expressing displeasure at his skipping meetings which he was to attend !! He was also castigated for pricing below Head Office in...

The Business knows that you are excited about this.   In preparation, we think it is absolutely in order that you all tune your internet radios to WFMU and shake your butt off or laugh your face off, depending on what they are serving up at the moment.    This week, The Business welcomes Ken Freedman. Ken Freedman and his only friend Andy Breckman are the hosts of Seven Second Delay on WFMU, the legendary freeform radio station in Jersey City, New Jersey. For the past twenty years, they've picked a "radio stunt" each week, then tried to execute it in just one hour of live airtime. They've chain-translated a Village Voice S&M personal add through 15 languages, then back into English, written the ultimate New York Times "Metropolitan Diary" column entry, then gotten it published, and failed more times than they can count. Every other week, they bring their special potion of anti-comedy trainwrecks to the UCB Theatre.   When they're not on-air, Freedma...

In the good old days, this was an easy cliche. Tax evasion (breaking the law) was a crime. Tax avoidance (minimising paying the tax within the law) was something you were duty bound to do. Whether you are an individual, company, whatever. Period. Now it isn't so clear cut an answer.  And that says something about our times. Witness the case of Apple . It does aggressive tax planning (all within the law). It has a big subsidiary in Ireland and has done a deal with the government there for a low tax rate. It does not bring overseas profits into the US, because it is double taxed then; so it leaves all its overseas profits overseas. All very legitimate. And yet there has been a huge outcry and a Congressional hearing where Apple is accused of not paying "its fair share of taxes". Similar accusations are levied on Amazon, Google and Starbucks in the UK and indeed in many other countries. Nowhere are the authorities claiming they broke the law. They are just angry that these c...

How my husband feels about his post-MBA retirement:

THESE GUYS.   Our guests this week are two genuine articles.    It’s Cory Loykasek and Donnie Divanian!  Cory Loykasek is an SF based stand-up comedian using laid back rants to take a high-brow look at low-brow issues.  He is a regular on the For The People Comedy Tour and in 2012 performed in SF Sketchfest, Bridgetown Comedy Festival, and Outside Lands.   Is Cory Funny?  A lot of cool people think so.  This one guy, Derrick, he was the JV quarterback at his division III high school, went to prom and everything, thinks Cory is ‘pretty fucking good.” Donnie Divanian will beat you at tennis and then make you laugh like he didn’t just beat you at tennis. He has performed in SF Sketchfest and the SF Fringe Festival (receiving a best of the Fringe award). He is also in the comedy group We Are Nudes. In 2010 they appeared in the NY times. Your regulars will be there mmmboping as well, Nato “Issac” Green, Sean “Taylor” Keane and Bucky “Zac” Sinister. ...

The latest financial results for the New York Racing Association (NYRA) show that, after years of financial travail and uncertainty, the nation’s leading racing circuit has achieved some much-needed financial stability. While nothing in horse racing is certain, that’s very good news for New York horsemen and the thousands of people they employ, for race fans, for the thoroughbred industry as a whole and, not least, for the State of New York. NYRA’s audited financial report for the year ended December 31, 2012 (full report available here and summarized in the Daily Racing Form here ) is the first annual NYRA financial report that includes a full year of “video lottery terminal” (a.k.a. slot machine) revenue, and the first produced under the auspices of the “new NYRA” legislation passed at New York Governor’s Andrew Cuomo’s urging last fall. Under that legislation, NYRA has become, as the notes to the financial statement point out, “a governmental entity engaged only in business-type ac...

Yeah Yeah, I am that sort of a nerd. While much of India is agog with the spot fixing scandal that broke yesterday, this blogger ruminates on the economics of it. Yes, he is a weirdo ! Having got that out of the way, a few words on the scandal, for the 3 million non Indian readers this blog gets :)  There is a nonsensical game (anybody who suggests the word cricket in this connection will be personally bashed up by me) in which there is a cash machine called the Indian Premier League. Yesterday three players were caught, allegedly  hand in glove with bookies, manipulating results. That's all you really need to know. What is baffling me is the economics of it. There are all sorts of reports, but I think it is safe to say that at least Rs 20 lakhs (some $40,000) was allegedly paid to the players to give away a minimum number of runs in an over. Let us say, for this to be profitable to the crooks who are betting on it, they must wager at least an equivalent amount at odds of say ...