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For richer, for poorer-Zanny Minton Beddoes

-The Economist Growing inequality is one of the biggest social, economic and political challenges of our time. But it is not inevitable, says Zanny Minton Beddoes IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue Ridge mountains of North Carolina. He hired the most prominent architect of the time, toured the chateaux...

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True Progressivism

-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “conspicuous consumption” dates back to 1899....

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Muslims need quota more than Hindu OBCs: IIM-A study -Anubhuti Vishnoi

-The Indian Express An IIM-Ahmedabad analysis of education and employment amongst Muslims in the country has concluded that the minority community has a higher perception of “unfairness” and “discrimination” and that Muslims have, in fact, a stronger case for reservations than the Hindu OBCs. Incidentally, a Central government notification in December 2011 to effect 4.5 per cent minority quota in Central educational institutes was stayed by the Andhra Pradesh High Court earlier...

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Untenable critiques sowing confusion on supposed ill-effects of retail FDI-Jagdish Bhagwati & Rajeev Kohli

-The Economic Times Retail sector liberalisation has been revived and included in Prime Minister Manmohan Singh's package of big-bang reforms announced recently. This was to be expected as an element of the package since the influential minister Jairam Ramesh, who has access to Sonia Gandhi and is identified with her NGO-dominated set of advisers whose knowledge of economics is outweighed by their enthusiasm, had already announced his conversion to retail sector...

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Let grass roots decide on Walmart -Garga Chatterjee

-The Hindu If we are going to buy American, why not adopt the American way of giving local bodies the right to refuse entry to super stores in their area There is the United States of America and then there is the ‘idea’ of USA that exists in the minds of significant portions of the middle classes all across the globe. How this looks in real life varies slightly according to the...

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