Obama’s Budget

I am rather conflicted about the budget that Obama administration unveiled. On the one hand it has the right investment areas — Health Care reform, alternative energy (with revenue generated from carbon emission heavy industries), and education.
It  also focuses on some of the right areas for generation of revenues — like  roll-back of tax cuts [...]

The audacity of hope, indeed!

President Obama’s audaciously hopeful plan outlined today in his Address to the Congress is breath taking in its ambition. He has laid out such a vast agenda that even if he accomplishes half of what he wants to, the nation will be better for it — at least all his goals are admirable and that is, [...]

What do the people of the world think? – Part I

The opinion of the people of the world regarding sixteen countries. In Part I, I cover the overall survey results and look a little deeper at the countries with net positive image.

The City of Angels is rationing water

The climate change that we all believe is far in to the future is at our doorstep

Education and its importance

The fecklessness of some of the Republican representatives to the Congress and Republican Senators is hard to believe — they oppose the money allocated for education in the stimulus bill for the reason that money cannot buy good education.
Wrong!
According to the American Federation of Teacher’s website, the average salary of a public school teacher in 2006-2007 [...]

How does one solve the apparently unsolvable ills of Capitalism?

Mr. Kristof, an Op-Ed Columnist at the New York Times, wrote an insightful article titled, “Mistresses of the Universe,” that cites good research which relates preponderance of males on Wall Street and the high-risk decisions taken in turn. The article argues for more diversity in all Financial Institutions, especially increasing Women population.  There is no argument against more diversity on Wall [...]

Obama restricts Executive pay!

The news is just in and I cannot be happier:  New York Times is reporting that the Obama administration plans to impose a cap of $500,000 for executive pay for any firm that will benefit from the next round of bailout money. This restriction is obviously not retroactive but many of the big banks are [...]

Why not socialism for all in bad times?

When it was reported that $18.4B were paid in bonus by the New York based Investment banks who were recently bailed out by tax payer money, the recriminations were swift: Obama called the act “shameful” and Senator McCaskill, reported Kansas City Star, called Wall Street executives “idiots” and proposed limits on some of their salaries.  [...]