73.6% of all statistics are made up

It is very common for firms (from small ones to prestigious ones) to take data and use it conveniently to make the point that they want to make. That’s why you can take most (no, we are not giving a figure here) statistics with a pinch of salt.

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    Is the West a giant Ponzi scheme?

    The government-bond market in the West may well be a gigantic Ponzi scheme. Most governments in the ‘developed’ world are drowning in debt, they are running mind-boggling budget deficits and printing money like there is no tomorrow. Under the guise of quantitative easing, their central banks are buying their own newly-issued debt.

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    India is beating China in the great telecom game

    Beijing’s deep pockets are not helping it in the fierce tussle for Africa’s telecom market. If everything falls in place, India’s biggest—and privately owned—telecom player  will take over a company that boasts 42 million subscribers and a market share greater than one-third in 12 of the 15 African countries covered by the deal. State-run China Unicom's consortium is bidding on a provider with a subscriber base in the very low hundred-thousands that has already been the subject of one botched privatisation attempt and reportedly is 17 months behind paying its staff wages.

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    COMMENTS

    Shadi Katyal

    10 years ago

    What a childish remarks about China vs India in telecommunications.
    The writer should stop such boasts.
    Look at China Industrial complexes and food production as well as infrastructure and buying of Gas and il resources in the world.
    It is a pity that our inability to go beyond such narrow thinking has left us in the dust of china development

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