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	<title>Janus' Musings</title>
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		<title>Janus' Musings</title>
		<link>http://janusmusings.wordpress.com</link>
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		<title>Naomi Klein on Real Time with Bill Maher</title>
		<link>http://janusmusings.wordpress.com/2008/09/23/naomi-klein-on-real-time-with-bill-maher/</link>
		<comments>http://janusmusings.wordpress.com/2008/09/23/naomi-klein-on-real-time-with-bill-maher/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 11:31:55 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[USA]]></category>
		<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://janusmusings.wordpress.com/?p=166</guid>
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		<title>Need I say more? (From the Economist)</title>
		<link>http://janusmusings.wordpress.com/2008/09/17/need-i-say-more-from-the-economist/</link>
		<comments>http://janusmusings.wordpress.com/2008/09/17/need-i-say-more-from-the-economist/#comments</comments>
		<pubDate>Wed, 17 Sep 2008 14:00:01 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[cartoon]]></category>

		<guid isPermaLink="false">http://janusmusings.wordpress.com/?p=163</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=163&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<div id="attachment_164" class="wp-caption alignnone" style="width: 565px"><a href="http://www.economist.com/daily/kallery/displaystory.cfm?story_id=12210282"><img class="size-full wp-image-164" title="d3708ww0" src="http://janusmusings.files.wordpress.com/2008/09/d3708ww0.jpg?w=700" alt="KAL's cartoon"   /></a><p class="wp-caption-text">KAL</p></div>
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		<title>Creative Destruction?</title>
		<link>http://janusmusings.wordpress.com/2008/09/17/creative-destruction/</link>
		<comments>http://janusmusings.wordpress.com/2008/09/17/creative-destruction/#comments</comments>
		<pubDate>Wed, 17 Sep 2008 13:30:36 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[USA]]></category>
		<category><![CDATA[Economics]]></category>

		<guid isPermaLink="false">http://janusmusings.wordpress.com/?p=160</guid>
		<description><![CDATA[Whatever happened to the concept of &#8220;Creative Destruction&#8221; in what&#8217;s happening in Wall Street? What happened to the concept of not Governments interfering in the market? As Nancy Pelosi put it well, what this is doing is privatizing profits while nationalizing losses. Shameful!<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=160&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Whatever happened to the concept of &#8220;Creative Destruction&#8221; in what&#8217;s <a href="http://www.nytimes.com/2008/09/16/business/16nocera.html?em">happening</a> in Wall Street? What happened to the concept of not Governments interfering in the market? As Nancy Pelosi put it well, what this is doing is privatizing profits while nationalizing losses. Shameful!</p>
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		<title>Choice</title>
		<link>http://janusmusings.wordpress.com/2008/09/15/choice/</link>
		<comments>http://janusmusings.wordpress.com/2008/09/15/choice/#comments</comments>
		<pubDate>Mon, 15 Sep 2008 11:41:45 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Social]]></category>

		<guid isPermaLink="false">http://janusmusings.wordpress.com/?p=157</guid>
		<description><![CDATA[Further to my previous post, while the dispute in Bengal rages on land and fair compensation for Tata&#8217;s Nano factory, Anand Giridhardas has another superb article on what this means from the farmer&#8217;s point of view. I am guilty of thinking this was much ado about nothing &#8211; some farmers agreed to sell; they get [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=157&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Further to my previous post, while the dispute in Bengal rages on land and fair compensation for Tata&#8217;s Nano factory, Anand Giridhardas has another superb <a href="http://www.iht.com/articles/2008/09/11/asia/letter.php" target="_self">article</a> on what this means from the farmer&#8217;s point of view.</p>
<p>I am guilty of thinking this was much ado about nothing &#8211; some farmers agreed to sell; they get money for the land. They can&#8217;t change their mind. Certainly those whose land was taken away without their consent deserve it back &#8211; but the main issue remains, we in the cities think the farmers are getting a good deal and they should grab it. As Anand says:</p>
<blockquote><p>In the prosperous cities, they sneered: Don&#8217;t they get it? They want land, not money? But the urban sneerers were early adopters. They may not realize it, but they live on a grid of advantages. They have bank accounts. They know how to invest. They have the ethic of thrift and saving that moneyed families pass down the generations.</p>
<p>The late adopters live in an economy of land, a universe where barter still operates, where status and prestige and security still come from the earth, and where the choice to join an urban, moneyed existence feels ever less like a meaningful choice.</p></blockquote>
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		<title>Insular?</title>
		<link>http://janusmusings.wordpress.com/2008/09/15/insular/</link>
		<comments>http://janusmusings.wordpress.com/2008/09/15/insular/#comments</comments>
		<pubDate>Mon, 15 Sep 2008 11:19:43 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Social]]></category>

		<guid isPermaLink="false">http://janusmusings.wordpress.com/?p=155</guid>
		<description><![CDATA[For people who have been looking at India for a long time can discern a noticeable change &#8211; the country is becoming insular &#8211; as long as we&#8217;re getting our latest mobile phones and LCD TVs, it doesn&#8217;t really matter where the rest of the world is going. This is also true in the US [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=155&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>For people who have been looking at India for a long time can discern a noticeable change &#8211; the country is becoming insular &#8211; as long as we&#8217;re getting our latest mobile phones and LCD TVs, it doesn&#8217;t really matter where the rest of the world is going. This is also true in the US &#8211; they are very insular, really not caring about the World outside &#8211; there is the US and then there&#8217;s everybody else. Perhaps it is a sign of confidence of a country &#8211; we don&#8217;t need you guys anymore, we&#8217;re pretty much self-contained.</p>
<p>More importantly, the middle class and above have become disenchanted with politics and politicians. This is a worrying trend &#8211; political power has shifted to the rural population and we urbanites have accepted it and moved on.</p>
<p>Anand Giridhardas writing in the IHT talks about these <a href="http://www.iht.com/articles/2008/08/14/asia/letter.php?page=1" target="_self">changes</a>:</p>
<blockquote><p>The great fault line today is not between wealthy and poor, but between those still invested in this society and those who have effectively checked out.</p>
<p>The checked-out classes love to read feel-good stories. The newspapers oblige, burying news about flooding and hunger and millions of easily averted deaths, depriving India&#8217;s change agents of knowledge of what needs changing.</p>
<p>The comfortable follow politics the way others follow heavyweight boxing. Over Black Labels with soda and ice, they grumble about spectacles like the ideas-free parliamentary debate. But they rarely vote, rarely run for office themselves and rarely work to reverse things. The disinterest of the thinking classes frees politicians to play their game unsupervised, with the pesky duty every five years to gather the consent of the unlettered poor.</p></blockquote>
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		<title>Grand old man of Travel</title>
		<link>http://janusmusings.wordpress.com/2008/09/07/grand-old-man-of-travel/</link>
		<comments>http://janusmusings.wordpress.com/2008/09/07/grand-old-man-of-travel/#comments</comments>
		<pubDate>Sun, 07 Sep 2008 02:10:00 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[Asia]]></category>
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		<description><![CDATA[WSJ has a nice profile/interview of Paul Theroux on his new book. Some nice gems in the interview. Asked to reminisce about the old days: &#8220;In Iran, in 1973, if you had blue jeans and a watch, people would follow you down the street, saying &#8216;Please, sir, sell me your watch, sell me your jeans.&#8217; [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=73&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<div><a href="http://online.wsj.com/article/SB122066012828905783.html?mod=djemEditorialPage">WSJ</a> has a nice profile/interview of Paul Theroux on his new book.</p>
<p>Some nice gems in the interview.</p>
<p>Asked to reminisce about the old days:</p>
<blockquote><p>&#8220;In Iran, in 1973, if you had blue jeans and a watch, people would<br />
follow you down the street, saying &#8216;Please, sir, sell me your watch,<br />
sell me your jeans.&#8217; In Mashhad, I sold a pair of jeans for $15, quite<br />
a lot of money, because they were real American blue jeans and everyone<br />
wanted American blue jeans. It was cool. Hippies would go, and bring<br />
three or four pairs and sell them in Iran, in Afghanistan.&#8221;</p></blockquote>
<p>Asked what&#8217;s changed since:</p>
<blockquote><p>&#8220;Some places haven&#8217;t changed much &#8212; Burma, for<br />
instance. I still call it that . . . Burma. And the places that have<br />
changed radically &#8212; like India &#8212; were hard to understand. It was<br />
hard, hard, to understand where India&#8217;s going. The people there are<br />
lost in the change. Bangalore, for one, and a lot of other parts of<br />
India can&#8217;t keep pace with the change. They can&#8217;t build roads fast<br />
enough, airports fast enough . . . It&#8217;s as though they&#8217;re all having a<br />
nervous breakdown</p></blockquote>
<blockquote>
<p class="times">&#8220;But I love traveling in India,&#8221; Mr. Theroux<br />
continues, &#8220;because Indians are approachable. If I were traveling in<br />
the U.S. and asked people some of the questions I ask in India, I&#8217;d get<br />
a very dusty answer. People would say &#8216;Who are you?&#8217; &#8216;You work for the<br />
government?&#8217; When you&#8217;re in India, you can ask, &#8216;Where do you live,<br />
what do you do, how much do you earn, how many children do you have?&#8217;<br />
It&#8217;s the accessible poor. You can do that in Southeast Asia, too. But<br />
in America you can&#8217;t. Try asking those questions in Jackson,<br />
Mississippi.&#8221;</p></blockquote>
<p>About Japan:</p>
<blockquote><p>&#8220;Hmm . . . let me think,&#8221; he responds, playing with his chin. &#8220;Japan<br />
doesn&#8217;t have suspicion of strangers. They just have an utter lack of<br />
interest. They have a settled sense of themselves as an advanced<br />
culture, a sense that other people aren&#8217;t doing things right. They<br />
think their food is best, their way of living is best. They lack space,<br />
but in all other ways they feel they&#8217;ve got it figured out.&#8221;</p></blockquote>
<p>And then golden one &#8211; Singapore:</p>
<blockquote><p>&#8220;Singapore,&#8221; he says, stressing the &#8220;pore&#8221; and raising<br />
visions of muggy, tropical discomfort. &#8220;Singapore is an example of a<br />
place where people are self-conscious in the presence of foreigners,<br />
because they feel that you&#8217;re going to criticize them for having<br />
accommodated themselves to their government and this way of living.</p>
<p class="times">&#8220;It&#8217;s like a gated community. You go in definitely<br />
feeling (a) that you don&#8217;t belong there, (b) that they&#8217;re not<br />
particularly interested in your staying there, and (c) that they&#8217;re<br />
very, very defensive. They feel they have to explain why they&#8217;ve<br />
settled for Singapore. And do you know, the sex trade there is booming,<br />
but their boast is, &#8216;These aren&#8217;t Singapore girls . . . they&#8217;re<br />
Burmese, they&#8217;re Vietnamese, they&#8217;re Filipina . . . but not us!&#8217;&#8221;</p></blockquote>
</div>
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		<title>Whither Pakistan?</title>
		<link>http://janusmusings.wordpress.com/2008/09/06/whither-pakistan/</link>
		<comments>http://janusmusings.wordpress.com/2008/09/06/whither-pakistan/#comments</comments>
		<pubDate>Sat, 06 Sep 2008 03:08:00 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[South Asia]]></category>

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		<description><![CDATA[Lots of changes happening in Pakistan &#8211; new President (today); recent Prime Minister and the country continues to go downhill. The Americans have always supported Pakistan as an ally &#8211; but of course this was convinient to the Pakistanis. The American money kept flowing and the Pakistanis kept doing what they do best &#8211; feeding [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=72&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<div>Lots of changes happening in Pakistan &#8211; new <a href="http://www.nytimes.com/2008/09/05/world/asia/05zardari.html?ref=asia">President</a> (today); recent Prime Minister and the country continues to go downhill. The Americans have always supported Pakistan as an ally &#8211; but of course this was convinient to the Pakistanis. The American money kept flowing and the Pakistanis kept doing what they do best &#8211; feeding the Taliban monster.</p>
<p>An article in the <a href="http://www.nytimes.com/2008/09/07/magazine/07pakistan-t.html?ref=asia&amp;pagewanted=all">NY Times</a> questions Pakistan&#8217;s loyalty. The Americans seem to have just woken up. But seriously, the direction is taking is really a ticking time bomb with real bad implications for India.</p>
<p>For once, Pakistan needs to get over it&#8217;s obesession with India and create an identity for itself that different from being &#8220;not-India&#8221;. Grow up guys, there is a whole world out there and lots of problems to solve in both our countries. So let&#8217;s not waste people by blowing them up.</p></div>
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		<title>Does Osama bin Laden Still Matter</title>
		<link>http://janusmusings.wordpress.com/2008/07/07/does-osama-bin-laden-still-matter/</link>
		<comments>http://janusmusings.wordpress.com/2008/07/07/does-osama-bin-laden-still-matter/#comments</comments>
		<pubDate>Mon, 07 Jul 2008 23:45:00 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Politics]]></category>
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		<description><![CDATA[Time magazine asks this question in a recent issue&#8230;well I don&#8217;t think so &#8211; I don&#8217;t think he ever mattered. He was nothing more than a small time smuggler (of opium etc) who had some wealth that he was willing to spend on causes he thought would make him the next Imam of Islam. He [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=71&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<div><a href="http://www.time.com/time/world/article/0,8599,1819903,00.html">Time</a> magazine asks this question in a recent issue&#8230;well I don&#8217;t think so &#8211; I don&#8217;t think he ever mattered. He was nothing more than a small time smuggler (of opium etc) who had some wealth that he was willing to spend on causes he thought would make him the next Imam of Islam. He has visions of grandeur &#8211; nothing else. He got lucky once (9/11) and was never been able to repeat anything like that ever. I don&#8217;t think he will ever, either.</p>
<p>His vision of pan-Arabia Islam with him as the Caliph did not materialize. The Muslim world did not stand up together when America invaded Iraq &#8211; quite simply most of Muslim world are engaged in their own battle &#8211; to stay in power&#8230;</p></div>
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		<title>The Geo-politics of $130 oil</title>
		<link>http://janusmusings.wordpress.com/2008/06/21/the-geo-politics-of-130-oil/</link>
		<comments>http://janusmusings.wordpress.com/2008/06/21/the-geo-politics-of-130-oil/#comments</comments>
		<pubDate>Sat, 21 Jun 2008 06:05:00 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Geo-politics]]></category>
		<category><![CDATA[Oil!]]></category>

		<guid isPermaLink="false">http://janusmusings.wordpress.com/2008/06/21/the-geo-politics-of-130-oil/</guid>
		<description><![CDATA[Stratfor which always has brilliant analysis of politics, geo-politics and history has a post on the geo-politics of $130 oil: The big losers are countries that not only have to import oil but also are heavily industrialized relative to their economy. Countries in which service makes up a larger sector than manufacturing obviously use less [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=70&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<div><span style="font-family:georgia;"><a href="http://www.stratfor.com/weekly/geopolitics_130_oil">Stratfor </a>which always has brilliant analysis of politics, geo-politics and history has a post on the geo-politics of $130 oil:</span></p>
<blockquote><p><span style="font-family:georgia;">The big losers are countries that not only have to import oil but<br />
also are heavily industrialized relative to their economy. Countries in<br />
which service makes up a larger sector than manufacturing obviously use<br />
less oil for critical economic functions than do countries that are<br />
heavily manufacturing-oriented. Certainly, consumers in countries such<br />
as the United States are hurt by rising prices. And these countries’<br />
economies might slow. But higher oil prices simply do not have the same<br />
impact that they do on countries that both are primarily<br />
manufacturing-oriented and have a consumer base driving cars.</span></p>
<p><span style="font-family:georgia;">East Asia has been most affected by the combination of sustained<br />
high oil prices and disruptions in the food supply. Japan, which<br />
imports all of its oil and remains heavily industrialized (along with<br />
South Korea), is obviously affected. But the most immediately affected<br />
is China, where shortages of diesel fuel have been reported. China’s<br />
miracle — rapid industrialization — has now met its Achilles’ heel:<br />
high energy prices.</span></p></blockquote>
<p><span style="font-family:georgia;">Now the we know who the losers are, it&#8217;s time to see the winners &#8211; and unsurprisingly the answer is the countries of the Arabian Peninsla and Russia helping the rise of Russia.</span></p>
<blockquote><p><span style="font-family:georgia;">The Chinese dilemma is present throughout Asia. But just as Asia is the<br />
big loser because of long-term high oil prices coupled with food<br />
disruptions, Russia is the big winner. Russia is an exporter of natural<br />
gas and oil. It also could be a massive exporter of grains if prices<br />
were attractive enough and if it had the infrastructure (crop failures<br />
in Russia are a thing of the past). Russia has been very careful, under<br />
Vladimir Putin, not to assume that energy prices will remain high and<br />
has taken advantage of high prices to accumulate substantial foreign<br />
currency reserves. That puts them in a doubly-strong position.<br />
Economically, they are becoming major players in global acquisitions.<br />
Politically, countries that have become dependent on Russian energy<br />
exports — and this includes a good part of Europe — are vulnerable,<br />
precisely because the Russians are in a surplus-cash position. They<br />
could tweak energy availability, hurting the Europeans badly, if they<br />
chose. They will not need to. The Europeans, aware of what could<br />
happen, will tread lightly in order to ensure that it doesn’t happen.</span></p></blockquote>
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		<title>Bush Presidency</title>
		<link>http://janusmusings.wordpress.com/2008/06/21/bush-presidency/</link>
		<comments>http://janusmusings.wordpress.com/2008/06/21/bush-presidency/#comments</comments>
		<pubDate>Sat, 21 Jun 2008 05:34:00 +0000</pubDate>
		<dc:creator>janusmusings</dc:creator>
				<category><![CDATA[USA]]></category>
		<category><![CDATA[cartoon]]></category>

		<guid isPermaLink="false">http://janusmusings.wordpress.com/2008/06/21/bush-presidency/</guid>
		<description><![CDATA[This cartoon says it all (from the June 12th issue of The Economist):<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=janusmusings.wordpress.com&amp;blog=4802799&amp;post=69&amp;subd=janusmusings&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<div><a href="http://bp3.blogger.com/_7L9XH1JzHWk/SFySswea0AI/AAAAAAAAABg/LscW_ImP2Ds/s1600-h/D2408WW0.jpg"><img src="http://bp3.blogger.com/_7L9XH1JzHWk/SFySswea0AI/AAAAAAAAABg/LscW_ImP2Ds/s320/D2408WW0.jpg" border="0" alt="" /></a><br />
<span style="font-family:georgia;">This cartoon says it all (from the June 12th issue of The Economist):</span></div>
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