All sorts of financial information are produced by polls, including PMI, Consumer Confidence, etc, and not just in the US but around the world. So for the investor what appears to be a credible prediction may be anything but...
The Thackeray phenomenon was in evidence once again in death as he brought Mumbai to a halt with all marketplace, from the swanky malls to the tiny tea stalls and ‘paan-beedi’ kiosks, closed
The demise of Shiv Sena supremo Balasaheb Thackeray spells the end of an era in Maharashtra politics. The state has lost a charismatic leader who built a party from scratch based on a unique understanding of the ordinary Marathi person's sense of resentment about being relegated to second-class citizenship in Mumbai. Over the past 40 years Shiv Sena has acquired a presence across Maharashtra but Mumbai remained Balasaheb's karmabhoomi.
ShivSena leader Bal Thackeray passed away at 3.30 pm on Saturday after a cardio-respiratory arrest, his doctor Jaleel Parkar announced at Bandra, Mumbai. The Tiger, as he was known, breathed his last at the age of 86 after several months of illness. Rumours about Mr Thackeray’s imminent demise and critical health had led to a near complete shutdown of Mumbai on Thursday – some say out of fear and others claim it was a gesture of deep respect. The city had barely hobbled back to normalcy by Friday.
ShivSena spokespersons announced that Balasaheb’s body would be kept at Shivaji Park from 7am on Sunday morning, for people to pay their last respects to their charismatic leader. Shivaji Park has a lot of significance for the ShivSena. It is the ground where Balasaheb gave his most rousing speeches; the park has a statue and memorial of his late wife Meenatai, it is a stone throw away from the ShivSena headquarters and his once-estranged nephew Raj Thackarey lives in a home overlooking the park. So in many ways, it seems fitting that Mr Thackarey’s last place of rest should be the iconic Shivaji Park at Dadar in Mumbai.
Bal Thackeray, born on January 23, 1926, is one of nine siblings and the son of Prabodhan Thackeray a social reformer. He started his career as a cartoonist with the Free Press Journal, where he was a friend and colleague of the famous R K Laxman. He formed the ShivSena in 1966 and struck an immediate chord with Marathi people with his unique brand of oratory, his connect with the ordinary people and his championing of the “sons of the soil” issue.
Interestingly, while the party has sometimes been accused of encouraging lumpen politics, one of Balasaheb Thackeray’s strengths has always been his keen media sense and ability to communicate. His magazine Marmik and later the party newspaper Samna carried thundering editorials and occasional cartoons by the maverick leader for decades. Also, Shiv Sena shakas made it a point to encourage newspaper reading by making them available free. The shakha network (branches) helped him build a statewide cadre of leaders and followers who swore unwavering loyalty to Balasaheb.
Balasaheb attracted a fair degree of criticism for promoting parochial politics and repeatedly shutting Mumbai down with the threat of violence. Yet, even his worst critics would admit that Mr Thackeray’s powerful hold over a large swathe of the people of Maharashtra. Sometime in the late 1980s, the Sena began to eye a more national role and adopted a hardline Hindu ideology. However, the party was never able to establish a presence outside Maharashtra and managed to control the Maharashtra assembly only once (between 1995-99), that too in collaboration with the Bharatiya Janata Party (BJP).
In recent years, the leader was apparently pained by nephew Raj Thackarey’s decision to form the Maharashtra Navnirman Sena (MNS) in 2006. But he chose to support his less charismatic son Uddhav Thackarey. In recent months, there are indicators that a rapprochement of sorts may be in the air, but there is little doubt that the senior Thackarey’s exit will lead to a power-tussle for the Tiger’s mantle.