The Markets and how Sirya affected them!

The news is out of the bag! Markets tanked 651 points in one day, downing by 3.45% compared to previous day close. Sensex tanked today, as nervous investors were worried about how things will now unfold in Syria.

Are you among the ones wondering what Sensex and its relative performance has to do with what is happening in Syria?

Well, first of all it has to do with the dreaded three-letter word. Oil. Second, a false missile strike news. Third, the Indian Rupee.

And if all of the above  were not enough, the scare of downgraded Investment ratings of our great country by Standard & Poor’s  added oil to the fire… see, did I not tell you that it all has to do with Oil?

The story that unfolded today at the market was to do with Oil. Not the cooking oil, bummer!

Blackout is the online Satyagraha

With news breaking out that one of Indian websites have been taken down due to the government censorship is exactly when the news started getting heating up in the western world. The two new legislations / regulation that are in the process of getting approved in the US Senate are now under fire from major US based websites.

Google Doodle Blackout
Google Doodle Blackout

Wikipedia announced that their English website (which contains close to 4 million pages) would be blacked out for entire 24 hours. Two new regulations, SOPA (Stop Online Piracy Act) and PIPA (PROTECT IP Act) have stirred the hornet’s nest. Major companies including Google, Facebook, Yahoo, Twitter, eBay, AOL have already protested against the bills, while online communities like Wikipedia, Reddit, Boing Boing and several others have announced their plans to back out access to their websites for 24 hours.

SOPA is being proposed to protect interests of the entertainment industry in general, which face a huge loss of revenue due to piracy. I would say, if they would start earning more money because of this bill, a poor artist could finally buy his third Ferrari and fifth Lamborghini. After all, it is what they are worth for. Sarcasm apart, yes artist do need to own rights to their creations and no one should infringe upon the same.

Wikipedia Black out page
Wikipedia Black out page

The striking thing is, however, enabling this law will give governments more control over the content that a person access from his home. If government feels that a particular site violates a certain rule, it can easily be stopped from being accessed. Since there are no clearly defined limitations, it would be very easy for anyone to request a takedown of a website. And that website’s fault could just be that its content irked some government official or a political party.

Its all about US and Slumdog

I am sure you are reading this first and exclusively on Hemal Shah’s Indianomics Blog.

The News Channels were happy to report that people who are affected by the Recession, who lost jobs were forced to stay in open areas around California, the US.

It seems the west is learning a few chapters from the east. While it is not yet the Slum situation there, but it looks like one. These people started living in tents setup in open areas.

Now it is not surprising why Slumdog Millionaire is so very hit in United States…

PS: I am not trying to make a muck about it and its not a joke in a bad taste, please take it lightly. My hearts are with those people…

A Mirror Story: Shooting in two countries

It is unusual this time around. You know why? A Shooting incident takes place in Germany, where a teen openly shoots in an school killing 17.

In the another continent named the Americas, a guys gets on a shooting spree in Alabama, US killing 10. Why is that these two incidents are common. Because both incidents happened in a public place, where the shooter had shot openly. I think this is an indication of how on can be hypnotize over the net to conduct some miss givings. Thought there are no offical indications, but I think these two guys were influenced by growing number of hate sites available on the internet.