Publication and Research, IIPM

China might have come a long way from the times of Mao’s “Cultural Revolution”, when the ‘Red Guards’ unleashed a reign of terror in the streets of Beijing between 1966 to 1976. But the present decision by Jintao government shows that suspicion still rules the roost inside the communist hinterland. If the Communist government fails to assess the direction of the wind, no magic bullet would be able to counter claims by commentators like Francis Fukuyama that during Cultural revolution “Engineers and scientists were forced to harvest crops…while positions requiring technical competence went to politically correct ideologues.”

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

The Tatas did it, so did the Ambanis, and now we have the Bhartis doing it further. No, we are not talking about telecom. It’s life insurance! On August 24, 2005, Sunil Bharti Mittal, Bharti group chairman, declared a tie up with AXA Asia Pacific in life insurance. But does this, and other diversification moves by Bharti signify that something’s not well in their telecom business?

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Updown court

price: 3,77,08,16,000

INRA mind-blowing house fit for the King. The 58 acre ‘palace’ situated in Windlesham, England, has an awesome 103 rooms. Housing everything from a sauna, swimming pools, squash and tennis courts, private cinema hall and a helipad; the place is heaven redefined.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Granted, this was a rule which manifested itself more in the breach than the observance – whether due to private malfeasance or state malevolence – but this too was widely recognized as a fact of life and as such only tended to reinforce the primacy of the metals in exchange.

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Source:- IIPM Editorial, 2006

A dissent to your dissent, Mr. Landis (IIPM Publication)

Our old friend, Bob Landis, has just posted1 (www.goldensextant.com) a treatment of gold as an asset, which might provide a measure of economic security in these troubled times. Overall, the essay – which draws heavily upon Roy W. Jastram’s Meisterwerk, ‘The Golden Constant’ (John Wiley and Sons, 1977) – is as thoughtful as any we have come to expect from the pen of the author.

Source:- IIPM Editorial, 2006

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Copyright: IIPM-2006