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Showing posts with the label Economics

Everyone Loves a Good Drought

A writer friend of mine recommended me this book when I approached him for something. I quickly read the reviews online and immediately ordered the book. I finished it in just few days burning the midnight oil couple of times. It’s written by a Mumbai-based journalist, P. Sainath. What is that ‘good’ drought? I have the same question too. Even before the book came, I was dumbstruck reading the reviews. This is the first time he has ever recommended me a book. How could he be so precise in judging what could be a good read for me! He could never have recommended me a better book. Why is it so special? The book is all about places that are close to my heart. He has identified the poorest eight districts in India and talked about the problems faced by them. Ramanathapuram (Ramnad) district in Tamil Nadu is one of them. My native place is in Thoothukudi district. Ramnad is our neighboring district. What is more interesting is that our forefathers are supposed to have migrated out of Ramn...

USAAA To USAA+

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Another mail from Saravana Kumar to go global - asking, "Why don't we discuss about USA's downgrading from AAA to AA+ this time?". Yes. Why not? Here you go... As usual, let's start from the basics and stop where we feel tired and exhausted. Before that let's see my connection with economics. In school days, I always used to enjoy the company of my seniors. I had a senior friend by name Sadak Abdullah in our street, who was many years elder to me. Many years? Ambiguous! How many years? Be specific. OK. 5 Years. When I was in my seventh standard, he was in his 12th standard. I was mostly 2nd in the class from third standard to eighth standard. It was not one person who came first in all six classes. I always ensured the competition was only for first rank, not the second. So, I would be the second one to get seat in first group (MPCB - Maths, Physics, Chemistry and Biology) when I go to higher secondary. But, Sadak was studying in third group (HEPG - History,...