Interesting readings

Bruce
Riedel has a great story in the National Interest about
the 1962 India-China war and its aftermath.

Nitin
Pai in the Business Standard on how to better manage
immigration into India.

The
adventures faced in running household surveys in India.

I have written earlier about the new world of intense competition
for the top two Indian financial
products: Nifty
and rupee. A
big step
up in
competition against the NSE Nifty options has begun, against a
serious and heavyweight rival.

Palak
Shah, in the Business Standard, describes some
interesting developments at the Delhi Stock Exchange. DSE has
fumbled before on finding the right partners; perhaps this will
set the stage for building DSE into a serious player in the Indian
exchange industry. And,
see Jeff
Glekin on Reuters Breakingviews on India's 3rd stock
exchange.

How
should liberal democracies deal with China and Russia? by
Michael Ignatieff.

Bo
Xilai: power, death and politics by Jamil Anderlini in
the Financial Times.

If you've wondered why Microsoft faded away in the recent decade,
read Microsoft's
lost decade by Kurt Eichenwald in Vanity Fair. On
this subject,
read David
Stutz who wrote an open letter when he left Microsoft in 2003. I
looked back into
1997
and thought that while parts did not work out, it was a pretty good
call: two years before the MS stock price peaked and roughly four
years before the cognoscenti understood that Microsoft was a utility
in decline.

Robert
Shiller interprets China's Great Leap Forward as a speculative
bubble.

China's
economy: Apocalypse soon? by Mark McDonald in the IHT.

Jayanth
Varma on various notions of price. Also see one of my old
columns, When
marking to market fails.