Day: January 16, 2008

World Bank Complicit in Indian Corruption

A recent Wall Street Journal article, World Bank Disgrace, (hat tip: Prakash Advani) reports that an internal review of five WB health projects in India totaling US$ 569 million in loans shows major corruption. The report begins with

Credit Robert Zoellick for knowing how to put the best face on a profound embarrassment. On Friday, the World Bank president announced in a press release that the bank had “joined forces” with the government of India to “fight fraud and corruption” in that country’s health sector. This is happening at the same time that Mr. Zoellick’s colleagues are hounding bank anticorruption chief Suzanne Rich Folsom, the person primarily responsible for bringing the scandals to light.

Joining forces with the government of India to fight corruption is reminiscent of joining forces with General Musharraf to fight terrorism. One bank managing directed is reported as saying that she is “encouraged by the Indian government’s “strong resolve” to deal with corruption.” Exactly like the strong resolve of the fox in guarding the hen house. We can now all sleep soundly since the Indian government has resolved to . . . whatever.

If your corrupt government is strongly resolved to deal with corruption, you might be a third world country.

PS: Let’s remember that all the stolen money is a WB loan to India. That means, we, the tax-payers in India, have to ultimately pay back all the embezzled funds.

Be Afraid, Be Very Afraid — The US edition

From The Straight Dope, a great piece of satire: Fifty years later, does America need a stupider motto?

Seriously though, the US is showing signs of serious trouble. Huckabee is raving lunatic, as Pharyngula reports.

PS: My favorite bit in that satire bit is “… and Mexicans continue to occur.” ROTFL with the idea of Mexicans occurring like some periodic drought or infestation.

The Tata Nano — Part 2

In the previous post I claimed (not unlike some other observers) that the Nano is game-changing. The Nano has to be seen not just in the Indian context but in the bigger global context. That is why I made the point that it can be seen as the “Peopes’ car” and not “Indian People’s Car.”
Continue reading “The Tata Nano — Part 2”