Monday, November 21, 2016

Demonetisation

Demonetisation result of power concentration in one man: Rahul Gandhi

Change PM, not notes: Arvind Kejriwal on demonetisation

Enemies couldn't have hurt rural India as demonetisation: Sitaram Yechury

Mamata Banerjee: Note ban hit lower class, traders, women the most

Opposing demonetisation against country's interest: Devendra Fadnavis

Demonetisation:Queues get shorter at banks; no respite at ATMs

Demonetisation has hit those seeking money for poll tickets: Modi

Anxiety due to cash crunch takes ministers to shrinks

Congress running away from discussion on demonetisation: Mukhtar Abbas Naqvi

Senior bureaucrats to visit states to assess demonetisation drive

Demonetisation: Mamata Banerjee, Arvind Kejriwal threaten intense protest

Demonetisation: Currency recall issue creates storm in Parliament

Demonetisation: Regulations changing faster than notes; banks stumped

Demonetisation move poorly executed: Ajay Maken

Demonetisation: A painful shift in rural economy, but all could be well by January.

Demonetisation will not address the problem of black money, say social activists.

Demonetisation: Banks get about Rs 5.44 lakh crore worth of old Rs 500/1000 notes.

Demonetisation: More important to address deeper problems in war against black money

Demonetisation seems like deflation for many people; danger signal for PM Modi

Demonetisation a 'bold move' to curb shadow economy: Bill Gates

Demonetisation: Modi should have gone after 8 lakh wealthy 'farmers', not common man

Rs 500, Rs 1,000 ban: Reaction to Modi's demonetisation move shows how it has upset upcoming elections

Warren Ascendant


In the days since Hillary Clinton’s stunning electoral defeat to Donald Trump, the vacuum she left atop the Democratic Party hasn’t gone unfilled.

Elizabeth Warren has moved aggressively to occupy the space, a timely reminder to the party and its most ambitious members that all roads to 2020 — not to mention 2018 — go through her.

 a detailed 8-page note on Tuesday, addressed to Trump himself, that ripped into him for appointing Wall Street officials and lobbyists to his transition team despite his promises to cleave such insiders’ influence.

“If you truly stand by your commitment to making government work for all Americans — not just those with armies of lobbyists on payroll — you must remove the lobbyists and financial bigwigs from your transition team and reinstate a group of advisors who will fight for the interests of all Americans,” Warren wrote. “Maintaining a transition team of Washington insiders sends a clear signal to all who are watching you — that you are already breaking your campaign promises to ‘drain the swamp’ and that you are selling out the American public.”

Warren’s team posted the missive on her Facebook page, and it was viewed over 10 million times in the ensuing two days.

Sunday, November 20, 2016

NATO: A Rethink Is Possible

George W Bush, as a candidate, famously asked, "Why do we need an army?" Such first principles thinking is a good thing. Donald Trump, as a candidate, similarly asked, "Why can't we use nuclear weapons?" That is first principles thinking.

Donald Trump, the candidate, asked for a fundamental rethink on both Russia and NATO. A presidential campaign is a marketplace for ideas. The voters are the customers. 75% of Americans who don't have college degrees are saying they can't afford NATO. It is dollars and cents. In a government of the people, by the people, for the people, it is the people who make the final decision on how the tax money is to be spent.

Trump has been smart enough to see Russia and NATO are two sides of the same coin. NATO was created with the express intention of preventing Soviet troops from marching into Western Europe.

So when the threat is supposed to be gone, if the Soviet Union is no more, if the West won the Cold War, why is NATO still there? Somebody should have asked this question in 1991. Trump is asking now. Good for him. He had an idea and he took it to the people.

NATO was never designed to counter terrorism, and was never redesigned for it either. It is an old fashioned battle machine designed to fight wars with tanks and ground troops.

Trump’s point is if Russia can politically be turned into a Germany, a friend and an ally, then do we still need NATO?

That is a question he asked and lost the entire Republican security establishment in just asking.

There are many moving parts to the equation. The biggest moving part is Russia itself. But like Obama disagreed with Bush on Iraq Trump has disagreed with Obama, Bush II, Clinton, and Bush I on Russia. That is quite entrepreneurial.

He won the idea battle. The execution battle is ahead.