Opening up the discount window to investment

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

Opening up the discount window to investment banks, announcement to auction $200 billion of US treasuries for certain mortgage-backed securities, unleashing a fiscal stimulus package, a $150 billion tax rebate package et al apparently imply that US does not enjoy the luxury of waiting for markets to stabilise before thinking about the future. The fact is US is plagued by profound errors in risk management. The IMF has already shaved its forecasts for growth in the global economy; and the downbeat analysis has further created a gloomy backdrop for policymakers across the globe.

The ongoing debate may continue, but in the final analysis, it needs to be figured out how hard the landing will be in the US. When it happens, policy makers will also have to analyse whether it will prove to be a V, U, W or L type of recession, and act accordingly, for the sake of the world at large. After all, how the other economies fare in this period will depend to a significant extent on the US situation. So the Fed has to be ready with all the parachutes it can spare...

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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JAMES MURDOCH - Son of a gun

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

JAMES MURDOCH
Son of a gun

James Murdoch, the son of the world’s biggest media mogul Rupert Murdoch, has all the qualities to be the appropriate heir of News Corporation and take the legacy forward that his father has established. His father has always been appreciated for bold moves and radical thinking, but James is more of a consolidator. Having said that, I don’t mean that with James as its steer, the aggressiveness of News Corp. will slow down. In fact, it will mature with a blend of aggressiveness and out of box thinking.

James has an increasingly growing focus on the Indian market and it’s simply a strategy to grab a pie of the budding market in the country. Some of his early games in India worked out well. But in the 21st century he has not been able to deliver strongly in the Indian market. However, I feel that he has all the capabilities to take the group forward both globally and in India.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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The next Generation of Terror

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

When British police broke down Younis Tsouli’s door in October 2005 in a leafy west London neighborhood, they suspected the 22-year-old college student, the son of a Moroccan diplomat, of little more than having traded e-mails with men planning a bombing in Bosnia. It was only after they began examining his hard drive that they realised they had stumbled upon one of the most infamous – and unlikely – cyberjihadists in the world. Tsouli’s online username, as they discovered, was Irhabi007 (“Terrorist007” in Arabic). It was a moniker well known to international counterterrorism officials. Since 2004, this young man, with no history of radical activity, had become one of the world’s most influential propagandists in jihadi chatrooms. It had been the online images of the war in Iraq that first radicalised him. He began spending his days creating and hacking dozens of Web sites to upload videos of beheadings and suicide bombings in Iraq and post links to the texts of bomb-making manuals. From his bedroom in London, he eventually became a crucial global organiser of online terrorist networks, guiding others to jihadist sites where they could learn their deadly craft. Ultimately, he attracted the attention of the late leader of al Qaeda in Iraq, Abu Musab al-Zarqawi. When British police discovered him in his London flat, he was serving as Zarqawi’s PR mouthpiece on the Web.

Tsouli’s journey is representative of the wider evolution of Islamist terrorist networks today. Since Sept. 11, 2001, the threat confronting the West has changed dramatically. The enemy today is not a product of poverty, ignorance, or religious brainwashing. The individuals we should fear most haven’t been trained in terrorist camps, and don’t answer to Osama bin Laden or Ayman al-Zawahiri. They often do not even adhere to the most austere and dogmatic tenets of radical Islam. Instead, these are homegrown wannabes – self-recruited, without leadership, and globally connected through the Internet. And their lack of structure and organising principles makes them even more terrifying and volatile than their terrorist forebears. the new face of terror

The five years between Osama bin Laden’s 1996 declaration of war against the US from his safe haven in Afghanistan to the attacks of 9/11 were the “golden age” of what could be called al Qaeda Central. Those days are long over, but the social movement they inspired is as strong and dangerous as ever.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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Pakistani nukes

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Therefore, there is a growing feeling that Pakistani nukes (about 40-50) can fall into the wrong hands. But then, there is the other side of the argument. The pro-Pakistan experts think that India is deliberately raising concerns as it wishes to take advantage of the fact that President Musharraf is in trouble today. A.H. Nayyar, Visiting Fellow, SDPI, an Islamabad-based independent think tank, explains “The safety of nuclear weapons is seen in two ways. The first security is ensured by building an elaborate lock and permissive-action system. Pakistan has many such systems and the nuclear weapons are perhaps pretty secure. The second safety is ensured by layers of security and personnel-profile system.”

Seconding such feelings is none other than Pakistan’s close ally, the US. America’s Admiral Mike Mullen recently said that “I am very comfortable that the nuclear weapons are secure, and that proper procedures are in place. I am not concerned that they are going to fall into the hands of any terrorists.” A global journal, Stratfor, went a step further: “Pakistan’s nuclear weapons are already under American control. Musharraf, for credibility reasons, had every reason to cover up and pretend it never happened, and Washington was fully willing to keep things quiet.”

Leonard Spector, Deputy Director, James Martin Center for Non-Proliferation Studies thinks that “the risk of weapons falling into rogue hands is slight. Pakistan’s weapons are under the control of the military and even if the country descended into chaos, the military’s line of authority would remain in place. I think the military for the moment has a lot of coherence and solidarity. I think the cadres that actually protect the weapons and guard the sites are fairly disciplined and, for the last five years or so, I think they’ve been better trained and individuals with Islamist leanings have been called out. I think this is a cause for watchfulness, but I would not say alarm.”

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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IIPM : EXECUTIVE EDUCATION
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Fashion on the rocks

IIPM : EXECUTIVE EDUCATION

Rocky S reveals his designs...

“Having a fashion week signifies that ‘fashion’ in that particular country is an organised industry, ready to break into international markets and reach out to a much wider market.

Wills Lifestyle India Fashion Week (WLIFW) and Lakme India Fashion Week (LIFW) pretty much work hand in hand where models, branding, participation rates etc. are concerned. They differ in terms of international buyers and overall reach, wherein the WLIFW seems to be a little ahead because of its affiliation with FDCI. However, the LIFW is just as well organised, and shows are held for select designers internationally (Singapore, New York etc) so both have certain aspects in which they’re different.

I have participated in both, and, as said earlier, both work hand in hand. I showcased my Rocky S ‘noir’ line at Delhi and then did a small preview for the launch of my kids wear line in Mumbai. However, where business and exhibition stalls are concerned, I have been leaning towards Wills Fashion Week from the past two seasons as I am also a fellow member of the FDCI.

World hold on!
Both fashion weeks are working towards getting to the international level. Lakme Fashion Week has more shows internationally, whereas Wills Fashion Week has a considerably wider reach where international designers/buyers are concerned...so both should evolve with time as infrastructure and understanding of the fashion industry gets better in India.

Designs beyond borders
Indian fashion is slowly but surely moving towards the international level, which means forecast, trends etc are followed universally. However, where climatic differences are concerned, designing keeping international buyers in mind, is not entirely a very risky process. Designers can always make a separate concise sample line which they feel will suit a particular international market, over and above their signature line. It is certainly worth the investment.

Technical knick-knacks
I think the ‘openness’ & ‘acceptance’ of government policies in India towards the fashion market are admirable. However the application process, infrastructure etc. need to be quick-paced, specialised and organised to facilitate evolution of the fashion industry in India.”

Neha Sarin

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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