Tag: employment
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Troublesome landing — They don’t grow land anymore
Singur, the potato bowl of Bengal, appears to have landed in trouble again. Not on account of unwilling farmers grieving over their lost assets, but on account of overproduction by the ones who didn’t lose their land. Excess supply of the crop has pulled down prices, leading indebted farmers to slither down the precipice. According…
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Big and Small in Retail
Will the arrival of Walmart in India wipe out a thousand or more small retail stores that already exist? Or, will it pose a threat for the potential entry of similar small businessmen into the retail sector? The direction of causality carries undeniable significance. Destroying the means of livelihood of existing traders has grievous implications.…
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Misson Impossible
Barack Obama’s desperate bid to rescue the recession-plagued American economy stands in sharp contrast to events that occurred in the early 1970s when Richard Nixon was in charge of the country. His bête noire at the time was the then president of France, Charles De Gaulle, who demanded that the United States of America pay…