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Yet Another Self-Important Blog.
Rohit Singh
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[Wed, 22 Sep 2004]
YAICS
Yet Another India China Study. This is one of the studies that have, of late, made the observation that the Chinese domestic market is too punishing for many companies and that Indian market seems to do more with the capital it gets.
An interesting aspect of the Chinese lack-of-free-information deal is that the market is not very efficient. People go into ventures on a hear-say basis, leading to a somewhat lemmings-like behavior. Makes for spectacular booms and busts. This story is about the litchi glut in China. A very touching passage is near the end: the farmer is now rich enough (or the crop is cheap enough) that he doesn't save his best stuff for selling. He actually eats it himself. Kinda says good things about the economy, doesn't it?
Let no pigeon fly...
This was a TOI news item about an Indian student in Chicago being ticketed for napping on the train (the motive behind the law seems to be keep people alert against pick-pockets etc...). Here's a list of some very weird U.S. city laws. For example, Bellevue, KY makes it illegal for pigeons to fly over the city.
India too has interesting laws. Until a few years ago, there was this law which stated that every district headquarter must have two earthen pots filled with clean water for drinking. Turns out that the law did make sense when it was written- in the 1800s. Am not sure if this one is still on the books.