“Ségolène Royal, with her religious family background and all, may incarnate the values of purity and that will reassure some on the right,”

“Ségolène Royal, with her religious family background and all, may incarnate the values of purity and that will reassure some on the right,” says Marc Abélès, a social anthropologist in Paris who has studied the rituals of French politics for years. He cautiously adds though, “But she can’t go too far with that or she will turn off the secular middle class, which is also an important voting group.”

For complete IIPM article click here

Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

The Reader’s Digest buy-out

An investor group led by the New York-based Ripplewood Holdings Reader’s is buying out Digest Association for $1.6 billion. With this acquisition, the Group will get Reader’s Digest magazine, that has been around for more than 80 years, along with Every Day With Rachael Ray and a book-fair business. Founded by DeWitt and Lila Wallace, Reader’s Digest was launched in 1922; initially, it was published out of a Greenwich Villageapartment. Later, the company grew and got into magazines, books, television, impressionist art,and the Internet.

For complete IIPM article click here

Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Pakistan’s going the MTV way

Finally, MTV – that went on air in India in 1996 – is going to Pakistan, along with Nick (the other channel from the stable of MTV Networks, which, in turn, is part of Viacom Inc). While MTV will be launched in Pakistan through a licensing agreement with the Indus Media Group, Nick will be distributed in Pakistan by ARY Digital Network (it is estimated that about 40 per cent of the Pakistani population is below 14 years of age, which makes it a hugely attractive market for a kids’ channel like Nick). MTV Pakistan promises to be a 24-hour channel that will cater to the tastes and interests of the Pakistani youth, and the channel will air content that will be a mix of international and local music.

For complete IIPM article click here

Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Contrary to what many believe, the dollar depreciation will hardly see the global imbalances get better

What is happening recently is proving all the dollar doomsayers right. Over the past few days dollar has slipped against major currencies at a pace that would push the greenback to oblivion in no time. The dollar fell to $1.97/pound against the pound; a level that’s 23% down compared to January 2006 levels and has never been seen in the past 14 years. Similarly, the dollar against the euro plunged to $1.33/euro, which was at a 20 month low.

For complete IIPM article click here

Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative

...even to understand the changing relationship between infl ation & unemployment!

Thus, monetary authorities should simply focus on price stability by targeting the rate of unemployment at which inflation does not increase, referred to as the ‘non-accelerating inflation rate of unemployment’ (NAIRU). But the NAIRU is not immutable. The correct implication, which Phelps repeatedly emphasized, is that governments can implement a variety of policies, particularly structural, to allow the economy to operate at a lower levels of unemployment. As a practical matter, even controlling for expectations (as Phelps’ work insists that we do), the relationship between unemployment and inflation is highly unstable. Changes in education levels, unionization, and productivity are part of the explanation for this instability. But, whatever the reason, policymakers face considerable uncertainty about the level of NAIRU. Thus, they still face a trade-off between pushing unemployment too low, and setting off an episode of inflation, and not pushing hard enough, resulting in an unnecessary waste of economic resources. Inflation “hawks” argue that inflation must be attacked preemptively. While most central banks are inflation hawks, this stance is a matter of religion, not economic science.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative