Save and invest..Is that the New Obama Mantra?
"We cannot rebuild this economy on the same pile of sand," he said, invoking a Biblical reference to Jesus' Sermon on the Mount. "We must build our house upon a rock. We must lay a new foundation for growth and prosperity a foundation that will move us from an era of borrow and spend to one where we save and invest, where we consume less at home and send more exports abroad."
Is this going to be a radical change from the consumerism the country has always preached and practiced? Would this be a sustainable model for future growth? Lets see.
http://news.yahoo.com/s/ap/20090414/ap_on_go_pr_wh/obama_economy
Tuesday, April 14, 2009
Thursday, January 8, 2009
Satyam: Where does Integrity Start From?
The events in Satyam Computer Services ( the IT outsourcing giant from India) have shocked all of us. Satyam in Sanskrit ironically means "truth". We all react in our own way. A lot of us react to it as if it is part of the larger problem of corporate corruption. Some call for stricter accounting rules, regulations and checks.
My belief is honesty and integrity should start in small things with each of us. How many of us can claim to have been honest all the time, even in simple things where it is easier to be honest Here is a story from a coworker friend:
"I went to an Arts and Handicrafts shop at commercial street in Bangalore to buy some souvenirs from India. When I asked for the bill, the guy tells me: If you need a bill, then you will have to pay Rs 11 more. I said, I was willing to pay the extra money. He immediately asked whether I was buying for a company. I said no it is a personal shopping. In sheer disbelief he asked me why I wanted to pay more. I said I would like to encourage taxes being paid properly. He looked at me for a few seconds before writing me the bill. This was not my first experience and I am sure most of us in India deal with these types of transactions "normally".
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Isn't leadership about authenticity and integrity? Should it not start with each one of us ? Or can we get around by enacting more rules and regulations to fix the problems?
My belief is honesty and integrity should start in small things with each of us. How many of us can claim to have been honest all the time, even in simple things where it is easier to be honest Here is a story from a coworker friend:
"I went to an Arts and Handicrafts shop at commercial street in Bangalore to buy some souvenirs from India. When I asked for the bill, the guy tells me: If you need a bill, then you will have to pay Rs 11 more. I said, I was willing to pay the extra money. He immediately asked whether I was buying for a company. I said no it is a personal shopping. In sheer disbelief he asked me why I wanted to pay more. I said I would like to encourage taxes being paid properly. He looked at me for a few seconds before writing me the bill. This was not my first experience and I am sure most of us in India deal with these types of transactions "normally".
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Isn't leadership about authenticity and integrity? Should it not start with each one of us ? Or can we get around by enacting more rules and regulations to fix the problems?
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