[Indian Current Affairs:667] Current affairs briefing for 7th November, 2008

Hi friends,

I am back again after attending to some social obligations out of town.  Let us all thank Yusuf Kaydawala for his posts for the last three days.  Hope you have helped him in his survey endeavour.  If not, please do so by filling up the survey here.

Here is our link for today:  http://indiancurrentaffairs.blogspot.com/2008/11/07112008.html

In today's briefing:

1.  Visiting bankers were great news till the other day.  But today, even successful bankers like Jamie Dimon are prefering to keep a low profile.  A very good interview with him from ET.  A must read.

2.  In the process, we reflect and deliberate on why the dollar remains still strong.

3.  We carry the debate forward by looking at Chiang Mai Initiative and its limitations.

4.  Banks have cut the interest rates on FM's bidding.  Why is this bad?  Can you give one reason?

5.  Read anything from George Stigler?  Regulatory capture?  This phrase is important in the present context.  The present financial crisis is seen as the result of failure of financial regulators, if not in full, at least in part. 

6.  Why is article 355 in the news?  What does it say about?

7.  Inflation rises again.  But it appears to be no cause for worry; for the moment.

That's it for today.  Happy reading.

Ramakrishna

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Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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