If Anna Hazare is the new Gandhi, who is the new Nehru?

Sonia Gandhi had finally blinked and accepted for a joint committee for drafting the Lok Pal Bill. With this win, everyone accepts that Anna Hazare is the new Gandhi. I happenned to see an excellent comments from the public on the television. Here are some:

If Anna Hazare is the new Gandhi, who is the new Nehru?

Kapil Sibal had told that Large Heartedness of Sonia and Manmohansingh had made the Government accept Anna Hazare's demands. Is it reallyLarge Heartedness of Sonia and Manmohansingh or Large heartedness of the People?

Ministers are like hired drivers for a Car. If the driver thinks that he is the master of the car and is driving recklessly, can the owners/people tolerate that?
- Chetan Bhagat.

Anna Hazare - Ray of Hope

Anna Hazare's Hunger Strike is one of the rarest of the rare moments in Indian Political History. The spontaneous show of support across the country is really a revelation to all the Indians. Anna Hazare has the moral strength to mobilize  Indians.

My Comments on this movement : Manmohan Singh's True Colors is now in full view for all the Indians to see.  His rejection of the Lok Pal Bill reveals his real self. People like him who wear the deer's skin are more dangerous than the overtly carnivorous A.Rajas of the world.

Twitter, Facebook and all of social media are now in action in India too. Is this India's Moment of Social Reform ?

How will America handle the fall of its Middle East empire?

Highlights from Telegraph Blog article:

1. Empires can collapse in the course of a generation. At the end of the 16th century, the Spanish looked dominant. Twenty-five years later, they were on their knees, over-extended, bankrupt, and incapable of coping with the emergent maritime powers of Britain and Holland. The British empire reached its fullest extent in 1930. Twenty years later, it was all over.

Today, it is reasonable to ask whether the United States, seemingly invincible a decade ago, will follow the same trajectory. America has suffered two convulsive blows in the last three years. The first was the financial crisis of 2008, whose consequences are yet to be properly felt. Although the immediate cause was the debacle in the mortgage market, the underlying problem was chronic imbalance in the economy.

2. Just as 1989 saw the collapse of the Russian empire in Eastern Europe, so it now looks as if 2011 will mark the removal of many of America’s client regimes in the Arab world. It is highly unlikely, however, that events will thereafter take the tidy path the White House would prefer. Far from being inspired by Twitter, a great many of Arab people who have driven the sensational events of recent weeks are illiterate. They have been impelled into action by mass poverty and unemployment, allied to a sense of disgust at vast divergences of wealth and grotesque corruption. It is too early to chart the future course of events with confidence, but it seems unlikely that these liberated peoples will look to Washington and New York as their political or economic model.

3. the world is changing faster than we know.

US and Europe doing damage control?

Suddenly the US and Europe have become pro-democratic and are opposing the Gaddafis and Mubaraks of the world. This reminds me of Sonia Gandhi & Rahul Gandhi's comments on how corruption is a big threat for India.

All the politicians, all over the world are same.

Ha, I have now become middle aged guy.

Carry Trades Running Away (with the money)

When the markets tanked (Sensex at 17,000 )sometime back ,Carry Traders came in and pushed it up to (Sensex - 21,000). They also pushed up the inflation in entire Asia. Now after Eyptian Crisis (fueled by inflation), the Carry Traders are now back to home. Thanks to them, the Sensex has tanked again to 17,000 levels.

Who is to pay for the difference of (21,000 - 17,000)? Poor Middle Class Indians, mainly due to inflation.

This brings me to remember the monkey story about the stock markets. Have you heard it?

Egyptian Mummy is back in Action

As US has successfully exported its economic problem to other countries, it is now coming back to it
in politically. It seems that the first of the countries that are feeling the heat of the inflation are its key allies, like Egypt. Now in many of the countries inflation is spilling into political turmoil, so intensive that even 30-40 year old regimes are threatened.

Back in India, We are having the most cynical of political situations. Rahul Gandhi, member of the political family in power, is calling on people to change the System instead of keep on shouting..

Mubarak, don't call Obama on how to manage the situation.. Call Rahul Gandhi for some real advise..

Emerging economies caught in inflation dilemma

Analysis : Emerging economies, seen as the big hope for global growth this year, are caught in a tricky dilemma: let inflation rip and hurt stability or raise rates and risk stalling their economies.

Ladies and Gentleman, this is the way through which America has once again escaped its problems. Now it has outsourced the Inflation threat to other countries and is cooling off happily as usual.

When will Indians and Chinese stand up to this?