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Renewable energy accounts for a record share of electricity | Photo: Creative Commons: Stephen Jones

A New Macroeconomic Strategy

|By Jeffrey. D. Sachs| NEW YORK – I am a macroeconomist, but I dissent from the profession’s two leading camps in the United States: the neo-Keynesians, who focus on boosting aggregate demand, and the supply-siders, who focus on cutting taxes. Both schools have tried and failed to overcome the high-income economies’ persistently weak performance in recent years. It is time ...

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Alibaba IPO smashes records | Photo: Leighklotz, Creative Commons

Emotions fuel Alibaba’s historic IPO

|By David Glance|The Conversation| The story of Chinese e-commerce company Alibaba has become almost as magical as the original Arabian story that gave it its name. It has become compelling because of the dazzling success of its public listing on the New York Stock Exchange last Friday. Alibaba’s shares opened at $92.70, already some 27% above their listing price of ...

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The psychology behind Apple’s fans. Blind loyalty or just wanting to belong?

|By David Glance|The Conversation| The reputation of Apple’s fans is as well known as Apple’s products. These are the people who have already started lining up outside Apple stores, just to be first to own the latest iPhone due to go on sale this Friday. When they are not in line, they scour the Internet for articles that affirm their ...

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Calcutta stock exchange | Photo:PTI

Calcutta Stock Exchange details survival strategies

The CSE is a hard case post Sebi’s directive to wind up CSE in May this year. Sandhya Sutodia finds out the ways of how CSE is ensuring its continued existence.   Kolkata: Earlier when shares were traded in the form of certificates, the regional exchanges had a role to play. But now when the shares can be traded in the demat form; the regional ...

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The kolkata skyline | Photo: Nkhlm, via Wikimedia Commons

Kolkata’s Social Housing Derailment: Govt to propose a new model

|By Sandhya Sutodia| Kolkata : Anurag Chatterji*, who earns Rs 9,500, has spent 25 years in a rented flat and owning a house seems a distant dream for him. Meanwhile, his cousin Vinod Chatterji applied to the low-income group (LIG) housing which was made available at lower rates by the erstwhile Left Front government and private developers in the state ...

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Steel Mills | Photo under creative commons licence

The Real Raw Material of Wealth

|By Ricardo Hausmann| Tirana – Poor countries export raw materials such as cocoa, iron ore, and raw diamonds. Rich countries export – often to those same poor countries – more complex products such as chocolate, cars, and jewels. If poor countries want to get rich, they should stop exporting their resources in raw form and concentrate on adding value to them. Otherwise, ...

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Microsoft culls a massive 18,000 staff. Does this spell the end of its devices?

|By David Glance, University of Western Australia| The Conversation| Although Microsoft has not announced where all of these cuts will come from, but 12,500 are expected to be from the newly acquired Nokia mobile business which added an extra 25,000 staff this year to swell Microsoft’s staff numbers to 127,000. It is not surprising that Microsoft would want to reduce ...

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PTI Photo

Indian Railways – woes of a seasoned traveller

|By Narendra Kaushik| It was sometime in November last year in Dalli Rajhara, a mofussil town in Chhattisgarh living on borrowed time (the entire city has come up on land belonging to Indian Railways and Bhilai Steel Plant). I was to leave for Durg to catch Delhi-bound Bilaspur Rajdhani Express. A young but frail waiter who I had befriended during my ...

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Union Budget 2014-15 Live

Newly appointed Finance Minister Arun Jaitley is set to present his maiden Budget on July 10, 2014 amid high expectations coupled with challenges. Point Blank 7 brings to you highlights of the budget and the mood across various sectors!

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Rail Budget 2014 : On track for investors?

|By Sandhya Sutodia| The rail budget, presented on Tuesday, aimed to provide a huge fillip to the Railways, with massive flow of investments in infrastructure and rolling stock. Moreover, the ailing wagon industry was expected to pick up momentum through a larger flow of orders. “We target to become the largest freight carrier in the world…PPP route to generate revenue…our ...

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