The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...

The process for finalising the parameters for the 2011 Census is on, and a key question is yet to be answered. In response to a question in Parliament, Union Minister of State for Home Ajay Maken said that the census exercise would be conducted between February 9 and 28, 2011. But there was no word on whether information on caste would be elicited. India’s decennial census is the largest data...

The concept of a “parallel” school for children from “weaker sections” of the society evoked strong words of reproach from the Delhi High Court on Wednesday as it pulled up Sanskriti School, primarily catering to children of senior bureaucrats, for making sub-classes even in education. “What do you mean by a parallel school?” a Division Bench of Chief Justice A P Shah and Justice S Muralidhar asked. “The children of...

Business lobbyists complain that a regulatory tsunami is on its way. But some firms are embracing the proposed reforms “WHEN people hear the word regulation, they feel stifled, delayed, and many times they believe that government is being intrusive,” said Hilda Solis, America’s labour secretary, on December 7th as she unveiled plans for 90 new regulatory initiatives to improve the lot of workers. If you doubt her word, try mentioning regulation...

On International Anti-Corruption Day (9 December), the United Nations has warned that corruption kills development, and is one of the biggest impediments to reaching the Millennium Development Goals. "When public money is stolen for private gain, it means fewer resources to build schools, hospitals, roads and water treatment facilities. When foreign aid is diverted into private bank accounts, major infrastructure projects come to a halt," said Secretary-General Ban Ki-moon. He warned...