A phrase used more in the U.S. than elsewhere, skid row refers to a run down part of a large city. We were horrified the first time we saw the skid row in downtown Los Angeles one early morning in the late 1990s – the whole area was in a dilapidated condition and filled with […]
So what if India has a glorious 5,000-year-old history or an ancient civilization or too many pictureque spots to count. India has one of the worst records on the planet in attracting foreign tourists to the country. For the first 11 months of 2007, India recorded just 4.4 million foreign tourists (Source: Ministry of Tourism […]
Reeling from massive losses due to its disastrous missteps in the subprime mortgage segment, embattled financial services giant Citigroup is getting a $7.5 billion cash infusion from Gulf nation Abu Dhabi through a sale of Equity Units convertible into shares. The Abu Dhabi investment is expected to close within the next several days. The badly-needed cash […]
Gulf nation Abu Dhabi has reportedly acquired a 8.1% stake in American microprocessor firm AMD for about $700 million. The purchase is being routed through Mubadala Development, a wholly owned investment vehicle of the Government of the Emirate of Abu Dhabi, in the United Arab Emirates. Mubadala’s mandate is to set up new companies and acquire strategic […]
Our Kerala girl Rachel Paulose is facing strong headwinds in her job as the U.S. Attorney for the District of Minnesota. Of course, we knew Rachel Paulose was in trouble. But the magnitude of opposition she faces surprised us after reading today’s New York Times. The essential criticism against Rachel Paulose seems to be that […]
Oh boy, oh boy. As Indian Prime Minister Manmohan Singh cozies up to the Bush Administration, his youngest daughter Amrit Singh blasts the same administration for borrowing methods from tyrannical regimes (and she is right). In her new book Administration of Torture, Manmohan Singh’s U.S-based daughter Amrit Singh plunges the dagger deep into the rotting […]