Standard & Poors does not predict a deep recession

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

This time, post the financial coup, the Dow Jones average of industrial stocks surged by approximately 400 points and the markets elites have in fact started claiming that the capitalist crisis is over. “Standard & Poors does not predict a deep recession,” insists John B. Chambers Chairman, S&P Sovereign Rating Committee. But one wonders, is it really the end, or will history repeat itself?

Roubini opines that in a recession, the S&P 500 typically drops by 28% and having come off 12% so far, it has a long way to go. Financial crises do not come along until and unless there are underlying problems; and the problem lies in the stark differential between production and consumption patterns in the US. Former Fed Chairman, Paul Volcker, too has critically questioned the rationale behind the Bear bailout and cuts; according to him (when addressing the Harvard Business School), “The only trouble (with the US economy) is you can’t go on forever spending more than you’re producing.”

The Senate Banking Committee also questioned the $30 billion taxpayer bailout for a Wall Street firm while people on the Main Street struggled to pay their mortgages. Ben Bernanke had this to say to the committee, “...damage caused by a default by Bear Stearns could have been severe… the adverse impact would not have been confined to the financial system but would have been felt broadly in the real economy through its effects on asset values as well as on credit availability.” The committee apparently seems to have bought the logic, but some market watchers apparently have not. Victoria Wagner, Credit Analyst, S&P, calls it a risky move as she feels that, “The mortgage GSEs (Government Sponsored Enterprises) face heightened demand to provide mortgage financing, which comes at a time when their need to raise capital and improve earning has come under extreme pressure against the backdrop of a historically weak housing markets and seized securitisation markets.”

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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VISHAL DADLANI - MELODY OF MATURITY

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

VISHAL DADLANI
MELODY OF MATURITY

When Vishal Dadlani started as a vocalist of an electronic band with friends from all over Mumbai, he could have never imagined the dizzying heights of fame that he would be catapulted to and the accolades that would soon come his way. Pentagram was never meant for the masses, thanks to its metal undertones and hair-raising lyrics. But it enjoyed its ardent fan-following nonetheless. But that was nearly a decade ago. Vishal teamed up with Shekhar Ravjiani to form the duo of Vishal-Shekhar and after the colossal success of the movie Jhankaar Beats, they became hot property in the industry.

The critics held back from going full out in their appreciation of the new-found talent. Most sceptics did not take Vishal-Shekhar seriously and believed them to become a likely addition to Bollywood’s list of one-hit-wonders. But the duo followed their lucky streak with movies like Salaam Namaste, Dus and Bluffmaster, and as Saif Ali Khan and Ahishek Bachchan grooved to their beats on-screen, the Indian music lovers lapped up their albums.

In retrospect, Vishal has come a million miles from where he had started; both in terms of the genre of music he belts out and the audience that he caters to. So if music was the first choice, one wonders if this was Vishal’s first love. “Well, I would say that I did not take up music but it took me up instead. In 1993 I started Pentagram, which was the turning point of my life. 1996 is when I started off in this industry and here I am. Even as a child I always loved music,” reminisces Vishal.

For someone with high credentials in the music industry, it becomes even tougher to maintain the status. But our man has one mantra of success that is not that easy to overrule. “Make good music and keep trying to do better.”

With the kind of competition in the business, many would wonder how he intends on managing to keep up with the high standards that have now come to be expected of him. “Some of the music directors are good friends of mine. I learn a lot from them and we talk about what we like, which is music. So it’s all good,” says Vishal. Hope this camaraderie and excellent music are here to stay because it will easily take an eternity or more before we would have had enough of this man.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
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IIPM Ranked No. 1 B-School In Global Exposre - Zee...