Harrycool

June 15, 2010

Vuvuzela

Filed under: Sports — Tags: , , , , , , — HarryCool @ 1:55 am

http://online.wsj.com/article/SB10001424052748703389004575304783846077168.html

Really irritating noise. I initially thought it was the residual electronic noise of TV guys blocking crowd noise from there broadcast or something like that. Never imagined that it is a real noise coming out of that instrument … Ban the damn thing!

the ubiquitous narrow instrument that’s making every contest in South Africa sound like a ferocious swarm of radioactive bees—or a Hollywood publicists’ luncheon
… It’s apparently irritating TV viewers … you bet it is!
Besides, who are we in the U.S. to complain about vuvuzelas? We gave the world Twitter and Ke$ha. – yea, you got that right! Don’t forget facebook.

June 9, 2010

Uncle Sam’s Scam

Filed under: Economics — Tags: , , , , — HarryCool @ 5:48 am

I can always post a link to this article, but then by god I like this dude so much that I want to post his full article on my blog.

Jug Suraiya, 08 June 2010, 09:51 PM IST

The Regency age dandy, Beau Brummell, who is credited with having invented trousers, also invented an economic model which could be called a debt spiral. When his tailor would present an unpaid bill, Brummell would order another three outfits, also on credit. Eventually, the dandy owed his tailor so much money that he became the tailor’s most valuable customer, whom the tailor couldn’t afford to offend in the slightest way for fear of forfeiting all of Brummell’s IOUs.

The world’s supposedly richest nation, America, has perfected Brummell’s economic model: US debt has spiralled not just through the roof; it has rocketed out of the stratosphere. China alone holds some $895.2 billion of US treasury bonds. All the countries in the world, in some measure or other, perforce have to keep US dollars for the simple reason that almost all international trade including the oil trade is conducted in American currency.

This represents the biggest financial confidence trick in the world. For what it means is that like Beau Brummell the US is living off the fat of the land on an ever-growing mountain of debt which is being financed by the rest of the world.

The US stopped making things cars, ballpoint pens, TV sets years ago. It didn’t have to make anything. Other countries made all the things that America needed and America bought everything from these other countries. Using US dollars of course. What else?

So the only thing that America actually had to produce were US dollars, or US treasury bonds. Whenever America has felt it was running out of cash as happened in the wake of the subprime crisis, when the Obama government authorised the pumping in of almost a trillion dollars into the economy to avert a total meltdown all it has to do was print more money. Then it could go on throwing away money like it’s nothing but bits of paper, because that’s exactly what it is: bits of paper, more and more of which can be printed up, as and when need arises.

The so-called Almighty Dollar is not backed by anything of real value. It is not backed by gold. It is not backed by any tangible goods that America produces and sells to the rest of the world, because America doesn’t make any such goods. There is only one thing that imparts value to the dollar: universal gullibility.

America has successfully pulled the wool over the world’s eyes. Like Beau Brummell’s tailor, the international community has been conned into paying to keep the US in the high-spending style to which it has become accustomed.

The more America spends i.e., the more dollars it prints the more the world laps up those dollars. The euro was supposed to be a counterbalance to the dollar monopoly. Unfortunately, fiscal indiscipline (an indiscipline learnt from the US) in Greece, Ireland, Spain, Italy and Portugal, has eroded confidence in the euro. The result? International investors are busily buying dollars and US bonds as a hedge against economic uncertainty. That’s not like a drowning man clutching at a straw; it’s like a drowning man clutching at an electrified wire to save himself. The dollar-rush is largely the cause of market volatility in India and other parts of the world. How does this affect India? If foreign investors pull out of India and park their cash in US bonds as they’re doing Indian enterprise could be starved for capital, shackling economic growth.

What can the world do to stop the US like a monstrous Beau Brummell take the pants off us? Maybe it’s time for the world’s two fastest growing economies, China and India, jointly to come up with a viable alternative to the dollar. They’ll never do it, of course. But it’s something to dream on. A yuan-rupee hybrid. The Sino-Indian yupee, anyone?

February 1, 2010

Joke

Filed under: Funny — Tags: , , , — HarryCool @ 6:45 pm

ha ha … now this I like!

A man boards a flight from Delhi to Mumbai. As he settles in, he glances up and sees a gorgeous woman boarding the plane. She heads straight towards him and take the seat next to his. Eager to strike up a conversation, he asks ‘Business trip or vacation?’

She smiles and says ‘Business. I’m going to the annual Sexologists convention.’ He swallows hard and calmly asks: “What’s your role at this convention?” ‘Lecturer, “she says, ‘I use my experience to debunk some of the popular myths about sexuality.’ ‘Really?’ ‘What m-m-m-m-myths are those ?’‘

Well,’ she explains, ‘one popular myth is that African men are the best endowed when, in fact, it’s the Tamilians most likely to possess that trait. Another popular myth is that Frenchmen are the best lovers, whereas actually it is Bengalis. However, we have found that the best potential lover in all categories is a Sardar.’

Suddenly, the woman becomes a little uncomfortable and blushes, ‘I’m sorry,’ she says . ‘I shouldn’t be discussing this with you. I don’t even know your name!’‘

Venkatraman!’ the man blurts out. ‘Venkatraman Mukherjee: But all my friends call me Sardar Joginder Singh.

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