Once there lived a virtuous and learned man who was summoned by a local king. The king was unable to find answers to his questions and he wanted the man to find answers. The questions –
Where is God?
Why don’t I see Him?
The king warned that if the questions were not answered correctly the man would be executed.
The man knew that it was impossible to answer these questions. So he was imprisoned.
Next day, the man’s son appeared and asked the king if he would release his father if he answered the questions. The king agreed.
The boy asked the king for a pot of milk.
He then asked the milk to be churned to butter. It was also done.
The boy then said that the two questions were now answered.
The king wanted to know how?
The boy asked the king: Where was the butter before it was churned?
The king replied: In the milk
The boy asked in which part of milk?
The king answered in all of it.
The boy said then that in the same way God is within all things and pervades all things.
The king then wanted to know why he does not see God?
Because you do not churn your mind and refine perceptions through meditation, the boy answered.
The Lokpal is a proposed body to be enacted as a law by Parliament, which will be headed by a chairperson who is or was a Chief Justice of India and eight other members.
The Lokpal Bill, an effort to rein in the pervasive corruption in public life, was first mooted in the late 60s, However, it failed to become law despite successive attempts.
The basic idea of the Lokpal is borrowed from the office of the ombudsman in other countries. It provides for filing complaints of corruption against ministers and members of parliament with the ombudsman.
The government's Lokpal Bill has kept the Prime Minister and the judiciary as well as conduct of MPs in Parliament out of the ambit of the anti-corruption watchdog. The PM, however, will come under the purview of Lokpal after he demits office.
The bill gives permission to Lokpal to probe any Union minister or officials of Group 'A' and above rank without any sanction.
According to the government's draft, the body will have a chairperson and eight members, including four judicial members - who will be former or sitting judges of Supreme Court or chief justices of the high court.
The Lok Ayuktas in the states does not come under the purview of this bill as the Centre cannot intervene in the powers of the state.
The Lokpal will have its own prosecution and investigation wing with officers and staff necessary to carry out its functions.
Difference between JAN LOKPAL BILL and GOVT LOKPAL BILL
As noted social activist Anna Hazare started his fast-unto-death in the national capital, there is a need to take a look at his draft Jan Lokpal bill and the government's Lokpal Bill.
The government proposes to set up Lokpal to check corruption at high places and salvage its image.
But there are stark differences between the government's version of the Lokpal Bill and the civil society's. The government Bill, actually, seems to be toothless.
Government's Lokpal will not have any power to either initiate action suo motu in any case or even receive complaints of corruption from public.
The Jan Lokpal proposes full powers to initiate investigations suo motu in any case and also to directly entertain complaints from the public.
The government wants Lokpal to be an advisory body, which will only forward its enquiry report to the competent authority for action.
The Jan Lokpal Bill proposes powers to initiate prosecution after completion of investigations.
The government's Lokpal will not have any police powers and it will not be able to register an FIR. The Jan Lokpal proposes police powers and would be able to register FIR, proceed with criminal investigations and launch prosecution.
The government's Lokpal won't have powers to investigate any case against PM, which deals with foreign affairs, security and defence. But the Jan Lokpal Bill proposes no such bar on Lokpal's powers.
The government's Lokpal will not have jurisdiction over bureaucrats and government officers. The Jan Lokpal will have jurisdiction over politicians, officials and even judges. It also proposes merging the entire vigilance machinery into Lokpal.
Last year we interviewed Facebook COO Sheryl Sandberg at the World Economic Forum in Davos, Switzerland. This year we interviewed her again. Notably, this time I brought a tripod with me and didn’t cut off Sheryl’s forehead.
A year ago Facebook had 150 million users, and more than 200 million people visited the site monthly. I noted “You realize it’s like 1 in 5 people in the world that are on the internet visit Facebook.” Sandberg replied, joking “So we have 4 in 5 more to go.”
The thing is, they’re well on their way to getting those other 4. Facebook has more than doubled in size to 350 million registered users in the last year. By this summer well over half of all Internet users will likely visit Facebook each month.
What’s more dramatic – Half of all registered users still log in to Facebook every day, says Sandberg in the interview. That’s 175 million people. And that doesn’t include Facebook Connect logins, only those people that visit the Facebook website.
Facebook continues to limit the number of friends any individual can have to 5,000. Last year Sandberg said that users would eventually be able to have any number of connections on Facebook. She said “I’m not going to give you a specific date, but I will reinforce the message that this is coming..we’re not providing that functionality and we think that’s important so we are working on this and we’re working on it currently. We look forward to your having 80,000 friends… 100,000 friends.”
This year, when I noted that users are still limited to 5,000 friends, she admitted “I failed you miserably,” and wouldn’t say if or when the limit might be eliminated. She did note that pages have no limit on fans, though.
I also asked Sandberg about her views on how the tech community should respond to allegations of Chinese government sponsored hacking and censorship. Facebook doesn’t currently operate behind the Chinese firewall, although the site is available in Chinese. Sandberg’s response:
It’s a hard question and everyone knows it’s a hard question. China is an important market, it’s a growing market and there are a lot of people that live there. And so when you provide a service, you provide a great service, you want the rest(ph) of the world to use it. And when you think about our mission, we want to connect everyone in the world. Connecting everyone in the world without China is not connecting everyone in the world. And I think that when you do go into China, you have to figure out how to work with the government, that’s very clear. When you go anywhere in the world, you have to work with the government and that’s poses different issues for different models. For us right now, we launched in Chinese. We are not easily accessible if you’re in China, very hard to access us and we haven’t figure out what our plans would be at. So, we’re still thinking here all the issues. It’s complicated.
I was unable to get Sandberg to give me a direct answer on who she thinks competes with Facebook. But she did say that she hopes to integrate with her competitors broadly via Facebook Connect. They’ve certainly made progress there.
Seoul: Samsung Electronics said on Wednesday that it was disappointed with German court's decision to back a patent suit from Steve Jobs-led Apple Inc that will see the South Korean company banned from selling its Galaxy Tab 10.1 in the European Union except the Netherlands.
The request for injunction was filed with no notice to Samsung, and the order was issued without any hearing or presentation of evidence from Samsung.
We will take all necessary measures to ensure Samsung's innovative mobile communications devices are available to customers in Europe and around the world, Samsung said in statement.
Well, today they’re not, they seem to be plummeting. Still they have been rising rapidly for years. Paul Krugman surveys some views, click through to the Frankel post as well. Yes I do think high and rising commodity prices have been a bubble — but not just a bubble — and no I don’t think that low real interest rates are much of a factor. (Recall Cowen’s Third Law: "All propositions about real interest rates are wrong.")
y basic explanation for rising commodity prices is simple. Most commodities are produced under conditions of short-run rising costs, often quite steeply rising short-run costs. Furthermore many production processes cannot do without these commodities in the short run. Coal, copper, and the like are not always easily substitutable for a factory within the medium run. (Furthermore until you are sure that the price increase is permanent, why re-gear at all? Why switch from copper plumbing to plastic plumbing, when price of copper might fall again?)
M
Now China has become wealthy quite fast but the country didn’t become wealthy by producing more commodities. That’s Albert Hirschman’s "unbalanced growth." So demand for most commodities has outstripped the supply, production can’t make up the difference in the short run, and commodity prices can rise sharply. Don’t forget that logistics and transport are a big part of the production process and so infrastructure often constrains the flow of supply.
r: lots of commodities are produced by governments and/or their production is heavily controlled by governments, most of all oil. Then supply adjustments will be especially slow and cumbersome. Read this article about coal:
…94 percent of India’s coal mining is in the hands of government-owned companies. The biggest, Coal India, produces four-fifths of the country’s coal. Because the government is worried about social unrest, the prices
In the long run price will adjust (even if you believe we are near "peak oil" this is true for most commodities.) People will substitute or find new sources of the commodity or find new ways of producing the commodity more efficiently. Infrastructure improves. But yes those adjustments can take ten years or more. And in the meantime we have a commodity price boom and on top of that a bubble to make these items look even more expensive.
One final kick
e for coal and electricity are kept low.
See the problem?
s nothing special about risk-adjusted rates of return
The bottom line: The best long-run bet is still that there
i
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