10years of poor corporate profitability
Some food for thought "If I can't have too many truffles, I'll do without truffles." –Sidonie Gabrielle Colette (French Novelist, 1873-1954) Word for the day Synecdoche (n) A figure of speech in which a part is used for the whole or the whole for a part, the special for the general or the general for the special. Example: ten sail for ten ships or a Croesus for a rich man . First thought this morning As expected ( see here ) the Congress president, Rahul Gandhi has finally mainstreamed the idea of Universal Basic Income. The idea had been in air for past few years, but no national party had committed to it in as many words. As per some unconfirmed media reports, the former RBI governor Raghuram Rajan may be guiding the Congress Party in formulation of its socio-economic agenda. If true, the assertion of Mr. Gandhi may not be an empty bubble. It may have at least some economic thinking behind it. Publicall...