India

If Amazon Takes Over The World...

Forget about the other tech giants: Amazon is poised to beat them all. What are the consequences for the rest of us?

India: The Genie Of Lawlessness Is Out Of The Bottle

"Indian culture is tribal and irrational. It simply cannot maintain, let alone create, institutions of the type the British left behind...Freedom of speech is one of the last surviving major pillars of the British legacy, but it has weakened significantly and is rapidly crumbling further, with Modi as a major catalyst."

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

India May Issue Its Own Bitcoin-like Cryptocurrency As Legal Tender

The Indian government is considering a proposal to introduce its cryptocurrency similar to Bitcoin, even as it is working on creating a legal framework for bitcoin and other digital currencies. The proposed govt cryptocurrency would be issued directly by the Reserve Bank of India.

To Combat "Hate" - Make Government Weaker

"Politicians are actively tapping into modern stress that is generated by the state itself. Emotion is a powerful political motivator...Politicians are doing what they do from time immemorial, leveraging our fear into the growth of the state."

Yen Weaker After Abe Decides To Hold Snap Elections

Despite Japan being closed for holiday, the Yen has started off on the back foot, with the USDJPY rising 20 pips following a weekend Nikkei report that Prime Minister Shinzo Abe has decided to dissolve the lower house with a general election to follow next month, hoping to capitalize on an uptick in public support before the opposition has a chance to regroup and mount a formidable challenge.