Tuesday, December 2, 2008
The real terrorists
Our Government, the media, everybody is pointed fingers largely at Pakistan, and many of the bodies of governance are busy pointed fingers at each other. There is a lot of debate and discussion about what gives rise to terrorism, the root causes, etc etc. All valid debates and points of view.
Since 1993, Mumbai and other parts of our country has suffered from bomb blasts, random destruction, from terrorists. But who helped them?
Our institutions have been systematically eroded and virtually destroyed. Our judiciary is open to bribery and corruption; our law and order machinery most certainly so; our laws can be manipulated depending on who you are or who you know; corruption is rife in all states in our country. Our media is sensational, insensitive, irresponsible, unprofessional and downright unethical.
Who makes all this possible?
Walt Kelly in one of his Pogo comics, made this statement: "We Have Met the Enemy and He Is Us."
We pay bribes - small bribes, large bribes, but bribes none the less; we work with the underworld (ask any hotelier in Mumbai, ask anybody in the Mumbai films and TV business); we reward TV channels with the highest viewership ratings - it doesn't matter how idiotic the content; we do 'huzoor maa baap' to politicians; we invite them to our social functions; we brag about who we know and how we can get things done; we don't cast our votes because 'who's going to stand in queue in the hot sun?'; we despise the cops, so none of our children want to be cops; we pay lip service to the armed forces, but I wonder how many of us would be delighted if our offspring told us that they wanted to join the Army; we reward a bridegroom who's in the government services by paying the highest dowry; this list is endless.
So, for once, let's, for once, be honest with ourselves and say
I’m starting with the Man in the Mirror
I’m asking him to change his ways
And no message could have been any clearer
If you want to make the world a better place
take a look at yourself, and make that change.
Only then will we have earned the right to say "Jai Hind" and mean it.
Sunday, November 30, 2008
Beyond rage: action
Now, the blame game, the rolling of heads, the scoring of brownie points have started. From the POV of political parties, this is a great time to do this - elections are just a few months away.
But what of us? What do the citizens India, who happen to live in Mumbai, get out of this? Another round of unkept promises? Another round of mumbled words and meaningless gestures passed off as action?
We won't be fooled again. Not any more. In the Mahabharata, Vidur tells us that one of the six things a man should avoid is "a king who fails to protect". We are now livid and we want to get rid of the kings and queens who failed us.
What do I want to see thrown out from our country and our system?
- cynical corrupt politicians
- inept politicians and bureaucrats who have corrupted our systems, by making 'politically convenient' appointments at top levels in our security and police forces
- ineffective politicians who hold positions as rewards for services rendered to their power mentors in their parties
- criminal politicians with track records, and underworld connections - banned for life
- a government that has demoralised our defence forces - the whole row about pay for our soldiers is an incredible and outrageous farce. Our soldiers are a million times more dedicated to our nation, and a million times more valuable, than our politicians
- accountability which is now to the party bosses and not to the electorate
What do I want to see happening now?
- Public and published accountability of all politicians - what have they accomplished against their promises? Public review to be held every six months, and each candidate will be given one grace period of another six months, if he's failed against his promises. If their is shortfall of performance after this grace period, we the public will physically and through media agitate for his removal.
- Meritocracy, and only meritocracy, in senior security (that include police) appointments.
- Removal of all security appointments from political influence. To start with, ensure that the federal investigation agency is itself free from political interference
- Removal of political interference in the day to day functioning of all security and police forces
- Publicly punish all politicos with criminal records and connections with the underworld. They cannot be allowed to participate in political life ever again.
- Strengthen our laws and our security forces equipment and training - it's pathetic that Mumbai policemen died after being shot through the head, while he was wearing a helmet. Surely, somebody took a bribe to accept low quality helmets which is supposed to save lives!
Sunday, November 23, 2008
The time to reap what you sow
As usual , NYT does an excellent job of description, analysis, and collecting together various strands to make up this long article. As an ex-customer of Citibank, and one who has had long associations with Citi staffers in India and a few other countries, I can only add some specific comments and observations to the NYT story.
My customer experiences as well as those dealing with the Citi staffers have given me two clear impressions about Citibank (maybe it's true of Citigroup as well):
- a culture of risk
- a culture of short-changing the customer to the point of being dishonest
The culture of risk also runs contrary to my expectations - I always believed that banks have to run on two principles: prudency and conservatism. After all, a bank runs its business on money taken from depositors, who expect their money to be safe in most cases.
The NYT story I have mentioned above tracks the sorry tale of Citigroup from 2007, or thereabouts. NYT also carried a story four years ago, on November 7, 2004, (http://www.nytimes.com/2004/11/07/business/yourmoney/07citi.html), which tells us that the brass at Citi knew that a lot was rotten in the state of Denmark, and one person - Charles Prince - was given the job of cleaning up.
How does one person change a culture created over decades? The NYT commented in the Nov 2004 article: "Whether or not Mr. Prince succeeds will speak volumes about how effectively a chief executive can change the culture of a company as large as Citigroup, as well as offer a test of whether the bank can still dominate markets and rake in profits without crossing regulatory and legal boundaries."
Obviously Mr Prince failed in that job. Maybe he was destined to fail - unless he could replace a whole generation of managers overnight, he couldn't have changed the culture. Maybe he didn't want to succeed - he was being advised by Robert Rubin, and here's NYT from the Nov 2008 story:
“Chuck Prince going down to the corporate investment bank in late 2002 was the start of that process,” a former Citigroup executive said of the bank’s big C.D.O. push. “Chuck was totally new to the job. He didn’t know a C.D.O. from a grocery list, so he looked for someone for advice and support. That person was Rubin. And Rubin had always been an advocate of being more aggressive in the capital markets arena. He would say, ‘You have to take more risk if you want to earn more.’ ”
Rubin was the Treasury Secretary during the Clinton administration, when he "helped loosen Depression-era banking regulations that made the creation of Citigroup possible by allowing banks to expand far beyond their traditional role as lenders and permitting them to profit from a variety of financial activities. During the same period he helped beat back tighter oversight of exotic financial products, a development he had previously said he was helpless to prevent." Looks like Rubin is one of the architects of the mess that US banking is in now.
Now, I read that he is (was?) an advisor to Barack Obama during the period of transition. If he continues to advise the new President of the USA, God save America, and more importantly God save the World! Nothing short of divine intervention may suffice.
Wednesday, November 5, 2008
The Promise
Monday, October 27, 2008
"Indian media one of the best in the world"?! Surely you jest, Ms Sen!
While reading the DNA newspaper a few days ago (Mumbai edition, October 26th, 2008), I was stopped by a text box in a piece by Ms Antara Dev Sen. The text in the box read “Indian media is one of the best in the world. Our press is critical, combative, entertaining, thought-provoking, and free.'
This box really got me, not least because I have long held a pretty dim view of Indian media (which includes our press). Now that we are in the midst of the Diwali vacs out here in Mumbai, and the family is busy with whatever keeps them busy and me out of their way, it seems like a good time to put down my thoughts, and mayhap share them with Ms Sen.
I am not making a distinction between press and media – in this day and age, TV, and increasingly the Internet are asimportant as print. Also, I must confess that I watch about 6 odd TV channels, including one in Bengali, read some 5 newspapers (4 in English, and one in Bengali), and 3 magazines all in English - the sum otal doesn't even begin to be representative of all Indian media. But, I think this net is representative of the English media in India.
“Critical” – sure, the Indian media is critical of everything, and not necessarily supportive of much that needs to be supported. I was a member of the studio audience the other day – they were taping a show on the impact of Raj Thackeray on Mumbai, for the We the People show on NDTV. Quite naturally, the audience, and the panellists, were anti Raj Thackeray’s party for the violence and fear his party has inflicted on North Indian labourers in the state. This, of course, has received widespread and highly well-deserved condemnation in all media vehicles.
The audience and the panellists, though, were uniformly supportive of a key plank of the MNS – preference for the bhumiputra for unskilled jobs in the state. As an Indian born in Kolkata, Bengali by birth and upbringing, resident in Mumbai since 1973, and proud to call himself a Mumbaikar, I too support this plank – this has to be a priority in all states of India, and not just Maharashtra; otherwise the local governments will have failed in their very purpose of existence. But I don't recall much media coverage on this need for the benefit of any state, and the failure of governments and industries to put in place a strategy for large scale local employment.
I have not seen much coverage in media about two things – first, that the Railway Board examination papers were not made available in Marathi, but were available in other Indian languages; second, past records of similar examinations show that there is a very high percentage of passes from candidates of one state, and a very low percentage from Maharashtra – the difference is so huge that it begs the question as to whether the whole examination thing was a fraud in the first place.
In short, these two things indicated to me that had the Railway Board, or a higher authority, had conducted the whole exam process in a fair, just and transparent manner in the first place, one key reason for Raj Thackeray’s party to go out rioting would have vanished into thin air.
And I should have expected the ‘critical’ media to have taken this up and ‘criticised’ the Board, the Railway Ministry, etc to ensure that there is a thorough overhaul of these and similar other processes for large-scale recruitments.
“Critical?” Of course, but selectively so. If there’s an easy target, great. If it’s an issue which looks likely to live beyond a few days, then perhaps not; after all, the whole world is after the short-term, so why bother about the long-term?
“Combative” – yes, of course, so much so that the Shiv Sena mouthpiece is called ‘Samna’ (confrontation) and Narayan Rane’s paper is called ‘Prahar!’ Anyways, let’s be serious. Combating who or what is what I’d like to ask. Whenever I see Karan Thapar on TV (thankfully, not very often), and I see him contracting his eyebrows, and chewing up the words in his teeth, he seems to be ‘combating’ the interviewee rather than an issue, a point of view, or a policy, or something more substantive than just the individual. His heroes are, presumably, Larry King, or maybe David Frost; in any case, someone should tell Thapar that he will always remain a disaster by comparison – his research is minimal, his body language abrasive, and his mannerisms irritating.
Rajdeep Sardesai of CNN-IBN is so combative that he shouts every time he’s doing the news, as if he wants to be heard by his audience without the help of broadcasting technology. Surely, he is combative. So is Arnab Goswami, who sometimes is combating his own ground reporter, live on TV! I kid you not! There was one story he was doing himself on Times Now TV, in which he asked his
“Entertaining”. You’re bang on the button, Ms Sen, absolutely right on this. I always watch TV news in English and Hindi, mainly to be entertained. The English news channel Headlines Today seems to cover only Bollywood, fashion shows, parties, etc – I love this, since I don’t get invited to these parties, I feel like a guest who’s successfully sneaked in past the guards. Most of the Times of India is entertainment – the City Times (as in Mumbai Times, Delhi Times, etc) section is all entertainment, and you can get covered if you pay for the space. The editorials are also entertainment since most of the times, they are written by Jug Suraiya and Shobha De; it’s been such a long time since I have read anything by the editor that I don’t even know if they have an editor any more.
News media became entertainment the day the Times of India decided some years ago that news is trivia, and trivia is news. That’s the whole paradigm shift that’s taken place over the last decade in
When I checked it out in July, the main story every evening was that aliens have landed, have set up camp on the moon, they’d done it years ago and when Armstrong et al had dropped in, they’d been told by the aliens that they can go back and tell their masters (Armstrong and company's) that they should never come back to the moon.
A week later, the story changed – 8th of August 2008 is the day on which the world will come to an end. The ancient Mayans, or the ancient Egyptians, or someone equally ancient had said so, and one current Godman appeared on TV to tell all and sundry that the world was surely, definitely, absolutely positively, without fail, going to end on 8-8-8.
Another week later, I was really glad to know that we’ve all won a reprieve; the destruction of the world had been postponed. To 21st December, 2012. But this was the final date, no postponements, no more reprieves, no use praying, no use weeping, nothing. On that date, time not specified yet, we shall all be cast to the outer darkness where there is weeping and gnashing of teeth.
If this doesn’t beat saas-bahu dramas, I don’t what does. Properly packaged and presented, this could even beat twenty20 cricket.
“Thought-provoking”. Mmmmyess, really Ms Sen I would agree with you here too. Indian media does provoke a lot of thought, like
- Why is it so short-term in its outlook?
- Why doesn’t it investigate and talk of the larger and deeper issues?
- Does the media, by and large, actually recognize and understand what are the larger issues?
- Why is there so little research in their ‘stories’?
- Why does it love sensation? If there a video of someone throwing a stone, why is this shown 300 times on the day, and another 100 times in repeats over the next few days?
Monday, October 13, 2008
Bengali poem
Chaturthi-te ‘nano’ galo,
Ashtami-te Saurav;
Ake Ake jachchhe chole
Banglar sob gaurab.
Dohai ma tui rehai de re,
Aar kichhu ma nis na kere,
(Shudhu), ‘Mamata’-ke uthiye ne tui,
Banchuk Bangla natun kore.
Rough translation:
On Chaturthi, Nano went. On Ashtami, Saurav went (he announced his retirement from international cricket on that day). One by one, all the things that made Bengal proud are going away. Please, Maa, please take pity on us, please don't take away anthing more from us. Just take away Mamata, and Bengal can live once more.
Don't know who the author is, but so totally heartfelt!
Finally! I got it figured!!
Right, I am slow, but I am also thorough! I have finally figured what was it that led to the global financial meltdown. Here goes:
- you buy a lot of stuff which is of zero value
- you sell these for a price to a bunch of people
- these people then sell them off to others at a slightly higher price
- and this goes on ad infinitum
fn (wealth) = (value of initial stuff bought) to the power infinity
In elegant mathematical symbolical representation, the equation looks like this:
fn (W) = (0) ^ ∞
The whole problem was a misunderstanding. If you solve the equation, do you get 0 or do you get ∞?
Now, to wait for my phone to ring to tell me they're giving me the Nobel! In the meantime, I am open to offers of lectures and keynotes.
