Muddle in the US

"The muddle in the US only proves that industrial nations do not necessarily have the monopoly of wisdom."
A quote from a article that I read recently.........and I am convinced !

As I type this the 700 billion USD bail out package for the US financial markets have been approved. It clearly comes across as a measure to save the economy from sinking.

Numerous questions throng my mind as I read about the crisis and how it has snowballed into such a large catastrophe. It's nothing short of greed and stupidity!

1) What were the financial watch dogs doing when the greedy firms were taking such risks to make a killing

2) Why did the numerous nobel laurets and famed economists of USA fail to predict this. Even if they predicted, did it go to deaf ears.

3) In a capitalist economy is it right to flirt with the tax payer's money to save a sinking ship.

4) If you let them sink, are the consequences severe. What's the guarantee that such a thing would not be repeated.

At the same time it's nice to see Indian markets fairly insulated from the turmoil in the US. It's probably attributed to the conservative patterns in Indian culture. Kudos Mr Reddy and Chidambaram.

Actions need to speak louder than words

When Kris Srikanth took over as the chief selector for the Indian cricket team, all were looking forward to some welcome changes. I believe change is not a very bad thing coz it provides a fresh lease of life. The selectors are taking charge at a time, when their predecessors have laid a foundation for phasing out the fab four of the Indian batting line up. The first step in this direction was taken when More and Co ignored Saurav for the Irani trophy.

However when the team for the test series against Australia was announced, we saw Saurav back in the team. This shows how the system lacks direction or continuity. Another intersting observation is the exclusion of Mr Cool aka Rohit Sharma. From what most people saw of him, he seemed one of the most composed batsmen of the new era in Indian cricket.

And phew! Today as I browse the sports column on google news I see how Rohit Sharma has answered his detractors with the bat. He slammed 106 in 144 balls with 12 hits to the fence and 4 over it in the warm up game against the Aussies. He has let his bat do all the talking.

Now it's time for Mr Saurav to follow suit. If he believes he has 2 years of cricket still left in him, it's time he proved it....else he's got to hang up, before he's shown the door.

Dada, it's time to let your actions speak louder than your words.