Referring to China in 1947, Nehru declared, “A new star has risen in the eastern horizon,” and some years later predicted, “If you peer into the future, the obvious fourth country in the world is India.” One of the countries he had in mind has disappeared, and he did not imagine that the emergence of India and China on the global stage would lead to mutual friction. The Chinese are...
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Textbook titan who redefined economics by Michael M Weinstein
Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...
More »Privatisation of Judiciary! by K G Somasekharan Nair
The increase in the number of civil cases in a country is its social mascot, as it symbolises the abundance of law abiding civilised citizens accepting the authority of the judiciary to get their grievances redressed. Otherwise, they would have turned to self-retaliation or employed roughnecks, a usual practice in America and Britain enkindled by their criminal heritage, to enforce justice in their own way; hence all civil litigants may...
More »Landmark UN climate change conference kicks off in Copenhagen
The highly-anticipated United Nations climate change conference kicked off in Copenhagen, Denmark, today with countries issuing urgent calls for action to curb global warming. Over 15,000 people, including government officials and representatives from the private sector, environmental organizations and research institutions, as well as 110 heads of State and government – including United States President Barack Obama and Chinese Premier Wen Jiabao – are expected to take part in the...
More »Jairam irons out differences with negotiators by Aarti Dhar
Seeking to set at rest reports of differences with two key negotiators of the Indian team over the country offering unilateral concessions without obtaining any reciprocity and attempts to water down the Prime Minister’s per capita approach, Minister of State for Environment and Forests Jairam Ramesh said on Sunday that he held “discussions with them, and they continued to be [a] valued part of the negotiating team to guide us...
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