A road through mountains

Archive for the ‘Current affairs’ Category

Debt Crisis – Overrated?

I sometime feel that debt crisis and measures to over come debts are very overrated.

US federal government recently passed law to which will require government to match spending dollar  to dollar the amount they borrow.

I don’t agree with that in current time of economy.  And I feel that currently is the best time to borrow more and to spend on infrastructure and other development projects.  I agree that there are countless programs which needs spending cuts. But this isn’t the way to do that.

Currently, interest rates are very low if not lowest and US government can borrow at much lower rates.

For example, Suppose, If you are the owner of a big company and you are thriving to make a way through bad economy. What you would do?

1) Borrow more at low-interest rate and spend that wisely to improve financial condition of the company.

2) Stop/reduce borrowing. Start spending cuts. Shred new projects. Lay-off employees.

I’ll definitely choose option one. I’ll borrow more and  put my money on the projects which will generate more revenue in future. That doesn’t mean you don’t have to pay attention on spending. You need to cut spending wherever and whenever needed, but wisely.

There are lots of government projects which needs spending cuts. US is spending way too much in trying to become global police. Iraq, Afghanistan and other wars are costing too much to tax payers.

Check this out:

  • Defense budget of US for the year 2010: $698 billion, which 4.7% of 2009 GDP.
  • Defense budget of India for the year 2010: $36 billion, which 1.8% of 2009 GDP.
  • Defense budget of Pakistan for the year 2010: $6.4 billion, which 2.8% of 2009 GDP.
  • Defense budget of China for the year 2010: $114 billion, which 2.2% of 2009 GDP.
  • Total budget of India for the year 2011: $273.4 billion

Nokia – ye tumne kya kiya??

I’m really disappointed by the approach Nokia is taking towards USA market and product strategies.

  1) Nokia N9 not coming to US and UK.

I was eagerly waiting for their MeeGo powered cell phone. I like the hand set design and OS features.  I always like something more developer friendly and open. You lost one customer dear Nokia.

2) Nokia to Ditch Symbian, Feature Phones in the U.S.

Why? We have enough WP 7 phone choice available. We want your Symbian OS too. What will happen to Nokia’s low-cost phones available here? like C series. Your E7 is one of the kind phone I’ll choose over my POP TART blackberry.

3) Nokia N9 axed from Germany.

Do one thing. Axed complete N9 project. Why to quit one by one territories?

I’m not sure in which direction my Finnish friends are going? The great Finnish company going to finish?

Why you need to care that much about US market? You were and are number one in many other markets.   You were number one smartphone maker till very recent past. I think you might have lost your focus and trying to swim in not so tested water (WP 7).

It would be sad if you die.

No Where To Hide

No…No…I didn’t commit any crime and wants to hide.

No where to hide from current issues going on the planet earth.  It will affect you where ever you go.

  • USA, Japan, Europe and many more – Economy
  • India – Corruption,  Inflation
  • England – Economy, Riots
  • Arab Countries – Political violence
  • Almost all countries – Terrorism
  • Latin America – Drugs, Mafia

Only one thing looks safe and free of all issue if you can survive – Antarctica.

God bless planet earth.