Kozelidir

Why Mauritius is Heading into a Wall

noreply@blogger.com (Sanjay Jagatsingh) — Thu, 26 Jan 2012 20:42:00 +0000

Part of the reason is that there is no leadership at the head of the country: we have three party leaders who just want to stay in power as long as possible without actually doing any work that will lead to breakthroughs. Part is because since 2005 policy-making has been under the spell of two incompetent and toxic bean-counters who have implemented one worst international practice after the other. While Ramgoolam has been applauding.

Can you hear the sound of the bubbles deflating? Or are they bursting?

In the meantime read some reliable analysis to see through clearly.

M6 Looks At Mauritius

noreply@blogger.com (Sanjay Jagatsingh) — Wed, 25 Jan 2012 11:10:00 +0000

Why American Manufacturing Has Been Relocating Abroad

noreply@blogger.com (Sanjay Jagatsingh) — Mon, 23 Jan 2012 15:18:00 +0000

It's not because of lower wages. But because of the overall costs of doing business. So says an interesting 3-part article by Carl Pope. And Barack Obama who will announce what he essentially intends of doing if he gets a second mandate in November when he delivers his annual report card to Congress tomorrow is expected to address these issues.

Indeed, the media has reported that the thrust of a second Obama term will revolve around education, manufacturing and innovation. Which is essentially what Steve Jobs told him he should work on back in October 2010 in order to avoid ending up as a one-mandate President.

How Sarkozy Wanted To Be Evaluated

noreply@blogger.com (Sanjay Jagatsingh) — Sun, 22 Jan 2012 18:07:00 +0000

Journalist Helping Democracy Work Better

noreply@blogger.com (Sanjay Jagatsingh) — Sun, 22 Jan 2012 09:39:00 +0000

How US Presidents Are Elected

noreply@blogger.com (Sanjay Jagatsingh) — Sun, 22 Jan 2012 08:00:00 +0000

Do you know how it's done? If you do, you don't have to watch this simple clip. Interesting.

Photo Giant Files For Bankruptcy

noreply@blogger.com (Sanjay Jagatsingh) — Fri, 20 Jan 2012 10:39:00 +0000

Household name Kodak filed for Chapter 11 yesterday to try to get a fair deal selling its patent portfolio. Although the 131-year company was home to many inventions -- including the digital camera 37 years ago -- it was unable to translate these breakthroughs into a bigger and sustainable bottom line. Here we've been growing sugar for nearly 400 years and some seem to want to grow it for another 800 years. Good luck!

RIM too had a bad year in 2011 with its share price plummeting more than 80%. It is now trading close to its replacement cost -- how much money you would need to rebuild it from scratch. It seems that the Playbook has not been able to compete with the iPad and the Galaxy.

Drunk Casino-Owner Races Supercar Through Crowded Beach

noreply@blogger.com (Sanjay Jagatsingh) — Thu, 19 Jan 2012 15:50:00 +0000

Didier Chabaud drove his BMW 650i ferociously on the Mon-Choisy beach on Tuesday afternoon where kids were having a good time. He had a 121mg blood alcohol level. To a mother who protested that he could have killed his son, Chabaud is reported to have said: so what? how much could your son cost? He was arrested -- read extricated from the beach -- but was released on parole.

Tirvengadum Declared A Vegetable

noreply@blogger.com (Sanjay Jagatsingh) — Thu, 19 Jan 2012 15:27:00 +0000

By a psychiatrist in court two days ago. So that criminal charges against him in the MK black-box saga have been dropped. Deven T has a pretty good idea on how we could be double sure about his condition.

Jaufeerally Pleading For End of Growth Worship

noreply@blogger.com (Sanjay Jagatsingh) — Mon, 16 Jan 2012 08:07:00 +0000

That was in a very refreshing interview where he warned that our present model is simply not sustainable. I totally agree and have been using my megaphones to get this point across. Karim also found a big disconnect between the lofty speeches and what's get done about our environment. I don't disagree one bit.

France Loses AAA Rating

noreply@blogger.com (Sanjay Jagatsingh) — Sun, 15 Jan 2012 15:37:00 +0000

University VC Resigns

noreply@blogger.com (Sanjay Jagatsingh) — Sun, 15 Jan 2012 07:38:00 +0000

So Konrad Morgan is leaving the University of Mauritius. Apparently because of political interference. What do you think of all this?

Champ Shares Wantan Recipe

noreply@blogger.com (Sanjay Jagatsingh) — Fri, 13 Jan 2012 17:14:00 +0000

Swiss Governor Resigns

noreply@blogger.com (Sanjay Jagatsingh) — Tue, 10 Jan 2012 20:26:00 +0000

After the profit his wife Kashya made on a currency transaction erupted into a row that would not die down. I read a very good article in 2007 by Phillip Hilderbrand in the collection published by the CFA Institute to celebrate the 50th anniversary of the Financial Analysts Seminar. In it he said that the potential Achilles' heel [in our financial system] is the risk management systems and processes of the 12 most important investment banks. These kind of statements usually catch my attention given my addiction to systems thinking.

Naturally when hell broke loose beginning in 2008 this phrase immediately sprung to my mind wondering how well the risk exposures of the systemically important financial institutions (SIFI) had been monitored by the regulators in the world's largest financial centres. Hard to go against greed, eh? In any case if you want to read that article and many others by folks like Marc Faber, Jim Walker, Peter Bernstein and Robert Shiller, just click on the following image to purchase this nice book.

Singapore's PM To Take 36% Pay Cut

noreply@blogger.com (Sanjay Jagatsingh) — Tue, 10 Jan 2012 07:28:00 +0000

As per the recommendation of the committee set up to review the salaries that are needed to buy Singapore the kind of leadership that will deliver the high performance that Singaporeans expect. Interesting concepts in there including a GDP bonus -- a maximum of 2 months salary if GDP growth is higher than 8% -- and attention to income distribution.

Will Ramgoolam deliver better outcomes if we pay him more?

Classy Messi Wins Third Ballon d'Or in a Row

noreply@blogger.com (Sanjay Jagatsingh) — Tue, 10 Jan 2012 07:20:00 +0000

Asia on Track To Reclaim Economic Dominance

noreply@blogger.com (Sanjay Jagatsingh) — Thu, 05 Jan 2012 08:41:00 +0000

By 2050 if it avoids the middle-income trap and current growth trends persist. So says an ADB report. It would then account for 52% of World GDP just like it used to 300 years ago before it failed to make the most of the industrial revolution. Otherwise it will be about one-third less important. In other words it has to Samsung its way up to the new level. Is the Tigger of the Indian Ocean paying attention?

Should We Benchmark Against Trinidad and Tobago?

noreply@blogger.com (Sanjay Jagatsingh) — Mon, 02 Jan 2012 15:36:00 +0000

The Prime Minister thinks we should. I don't. See although T&T started at about USD5,000 per capita just like us when Ramgoolam II first became PM, they now roughly have twice our income level per Mauritian. Higher oil prices since then must have helped given that in T&T oil and gas accounts for 40% of GDP and 80% of exports. This could explain why it clocked a 12.6% growth rate in 2006. Something Ramgoolam won't tell you.

Just like he was bragging about having a higher growth rate than Singapore back in 2008 but stopped talking about the South East economic dynamo when the Tiger rebounded out of recession with a 14.5% growth rate in 2010. He then started talking about Greece. Seems that he always looks for countries that happen to do worse than us at one point in time. Which is fine though because you are watching Pyongyang TV.

Ready For The International Year of Cooperatives?

noreply@blogger.com (Sanjay Jagatsingh) — Sat, 31 Dec 2011 20:00:00 +0000

That's what the United Nations calls it. We just see it as an another opportunity to cover additional ground that matters. 2012 will be an interesting year for Kozelidir: somewhere during September or October we should reach the 1,000 post milestone. Which will be around the time we turn 4.

Make the best of this new year. Take care of your health and be happy. We'll provide the right angle for the debates.

Different Times, Different Secretary-General

noreply@blogger.com (Sanjay Jagatsingh) — Sat, 31 Dec 2011 15:49:00 +0000

50 years ago the Mauritius Labour Party got herself a dynamic Secretary-General: a 30-year old who had been MP for two years already and had co-founded The Mauritius Times seven years before. Given that SSR couldn't get enough of that guy, he stayed in the job for two decades.

Guess this is what you do when you want to move the country forward instead of trying to stay in power until you are removed feet first without getting anything done. Save offering some serious competition to Pyongyang!

Bheenick is 2012 Africa Central Bank Governor

noreply@blogger.com (Sanjay Jagatsingh) — Wed, 28 Dec 2011 20:28:00 +0000

So says The Banker. For having boosted credit in times of lazy banking, stabilised our rupee and helped educate exporters that depreciation of our currency cannot be a source of competitiveness. He also brought the double-digit inflation he inherited from the toxic duet when he took office on Valentine's Day 2007 back to single digits.

Should Up To 1/3 of Our Ministers Not Need To Be Elected?

noreply@blogger.com (Sanjay Jagatsingh) — Wed, 28 Dec 2011 08:44:00 +0000

That's one of the proposals in the Carcassonne report. Currently only the Attorney General and the Speaker may not have stood in general elections to get into our Parliament.

What do you think? And don't forget to vote in our poll.

48% of Poll Would Pick Vishnu As Finance Minister

noreply@blogger.com (Sanjay Jagatsingh) — Wed, 28 Dec 2011 08:32:00 +0000

Compared to the 33% which would select Kee Chong Li Kwong Wing. 18% would choose somebody else.

Meet The Electoral Boundaries Commission

noreply@blogger.com (Sanjay Jagatsingh) — Sat, 24 Dec 2011 19:25:00 +0000

As the name clearly indicates it is not involved in the preparation of gato batat. Nope. It is rather a very important and independent institution entrusted with a very important task: ensure every 10 years or so that our 20 electoral constituencies have roughly the same amount of people.

But the Commission is allowed to slice Mauritius differently to account for such factors as means of communication, geographical features, density of population and boundaries of administrative areas. The last factor is essentially about trying to make boundaries of towns and villages coincide with those of our constituencies for obvious practical reasons. When the Commission members are done they send their report which could contain recommendations for additions and distractions to the 20 ridings to our National Assembly where it can be approved or rejected but not modified.

Which is why the Carcassonne report didn't contain a wasteful duplication of the work of the EBC.

Sarkozy Deciphered By 18 Foreign Correspondents

noreply@blogger.com (Sanjay Jagatsingh) — Thu, 22 Dec 2011 20:24:00 +0000