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Tuesday, May 01, 2018

Interesting readings

The way forward for PSU banks by Ajay Shah in Business Standard, May 1, 2018.

Changing the culture of corporate credit by Bahram Vakil and Kaushik Krishnan in Mint, April 30, 2018.

The Sense of Justice That We're Losing by David Leonhardt in The New York Times, April 29, 2018. This is the sense of justice that we in India are not yet dreaming of.

The End of Intelligence by Michael V. Hayden in The New York Times, April 28, 2018. "To adopt post-truth thinking is to depart from Enlightenment ideas, dominant in the West since the 17th century, that value experience and expertise, the centrality of fact, humility in the face of complexity, the need for study and a respect for ideas."

The IBC requires some cleaning up by Somasekhar Sundaresan in Business Standard, April 25, 2018.

Newspaper op-eds change minds in ScienceDaily, April 24, 2018.

What will be the impact of physical delivery of stock derivatives? by Devangshu Datta in Business Standard, April 23, 2018. There was zero evidence in favour of the policy change.

Scrutiny gap in state Budget proceedings by Abhijit Banare in Business Standard, April 23, 2018.

Insolvency and Bankruptcy Code: a legislation mired in controversy by Bomi Daruwala in Mint, April 23, 2018.

Striking a fine regulatory balance in banking by Tarun Ramadorai in Mint, April 23, 2018.

An Alternative to Privatisation of Public Sector Banks by Deepti George in Dvara, April 23, 2018.

Data localisation blues in Business Standard, April 20, 2018.

Broad and standard by Bibek Debroy in Business Standard, April 20, 2018.

Great institutions are where you go after a head of state like this: A veteran defense lawyer explains how the feds could flip Michael Cohen by Adam Pasick in Quartz, April 19, 2018.

15th Finance Commission: Moving on by Rathin Roy in Business Standard, April 18, 2018.

India's Banks Need a Stronger Watchdog by Ila Patnaik in Bloomberg, April 18, 2018.

In Trying To Ban Telegram, Russia Breaks The Internet by Karl Bode in Techdirt, April 18, 2018.

Machine Learning's 'Amazing' Ability to Predict Chaos by Natalie Wolchover in Quanta, April 18, 2018.

Style Is an Algorithm by Kyle Chayka in Racked, April 17, 2018. "If everyone's editing Vogue, it wouldn't be Vogue." "We find ourselves in a cultural uncanny valley, unable to differentiate between things created by humans and those generated by a human-trained equation run amok."

Jai Bhim, not Ram by Manini Chatterjee in The Telegraph, April 16, 2018.

The Internet Apologizes by Noah Kulwin in New York Magzine, April 13, 2018.
"Stallman: I never tell stores who I am. I never let them know. I pay cash and only cash for that reason."

Too Much Music: A Failed Experiment In Dedicated Listening by James Jackson Toth in National Public Radio, January 16, 2018.


  1. "The End of Intelligence by Michael V. Hayden in The New York Times, April 28, 2018."

    Wow, this is astoundingly hilarious. Former CIA director Hayden complaining about enlightenment values. Maybe he could start by explaining how the CIA funding of Taliban and Al Qaeda in Syria and the various regime overthrowing activities and fanning of sectarianism that the CIA has been involved in has upheld enlightenment values? The CIA complaining about post-truth when it is in exactly that business is mindboggling. Does nobody see the hypocrisy here?

  2. "The Sense of Justice That We're Losing by David Leonhardt"

    Trump's frustration is often confused with an undermining of the institutions. There is a possibility that Trump is frustrated by the never-ending investigation when nothing is there. Lashing out on that basis is legitimate, and it is incorrectly confused for culpability by the other party.

    And, needless to say there are many other foreign actors influencing politics in the US much more than Russian actors. Gulf money for example. Clinton Foundation for example. There is a lot that needs to be investigated which has been not. These are all legitimate concerns. All this Russia business is simply geo-political kabuki theater with a recent spike in actions due to the Saudi king's recent visits to the West. He wants his revenge for the Syrian humiliation and will likely get it. Funnily no one is going to look at Saudi collusion with politicians, think tanks and so on.

    The DNC email dump has shown corruption in the DNC and the DNC responds with Russia hysteria to deflect. One needs to see through this strategy. The DNC will stand up for illegal immigrants due to vote bank politics. Where is the "sense of justice" in that?

    Fun times.

  3. "The Internet Apologizes by Noah Kulwin in New York Magzine, April 13, 2018."

    Articles like these make me chuckle. It is precisely why the Trump election was a giant favor to the world. If Hillary was elected, you think people would be after Facebook and Cambridge Analytica in the way they are now? It is more likely that it would have been brushed off. In fact we might have seen another gushing article like the ones here coz I'm pretty sure Hillary used Obama's big data strategy too:

    How Obama really did it
    A More Perfect Union

    It is a huge benefit to the world to have flipped from the establishment to an outsider, no matter how revolting that outsider might be. Because now Silicon Valley is being made to face its demons. When the same instruments of power that the left loved are now in the hands of the other side they have to reflect on what they have done. This is policy 101 and, this is why policy by Bono is a bad idea, because having noble intentions isn't enough...


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