Act 1: Let me tell you a story about an old man who lived in a small village somewhere that does not matter. It all began when the man’s sons came to him and told him that some people from the neighboring village had stolen a chicken from their farm. The old man told his sons to go after the thieves and recover the chicken.
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Category: Random Draws
Competition and Markets — Part 2
Competition in the market and competition for the market are substitutes, as I mentioned in the previous post on the matter. When firms can freely enter (and exit) a market, it is called a free market. In a free market, firms compete with each other and the outcome of that competition is that prices are driven down to the cost of production. When we have a large number of identical firms producing a homogeneous good competing with each other we have a perfectly competitive market.
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Happy Winter Solstice 2012
The precise time of the Winter solstice this year was at 3:12 AM Pacific Standard Time (which was 4:42 PM Indian Standard Time) today, Dec 21st. I was up and awake busy tweeting. The first day of Winter finds the weather here cloudy but not wet. The past few days have been pretty and sunny. Anyway, just wanted to say Happy Winter Solstice. The Christian version of the Saturnalia is coming up in the next few days. I loves me a good carnival. Happy Christmas and happy holidays.
Recent Tweets – 1
Click on the image below to go to my twitter time line. The chaprasi referred to in here is Manmohan Singh. I like the Tao. Don’t you feel the overflowing love that Muslims have for Jews and Christians?
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12-12-12
Today is 12-12-12. I suppose none of us reading this will be around for the next 12-12-12 when it rolls around in 100 years on 12th December 2112. It is a sobering thought. We’ll all be dead. You and I, and everyone we know will be dead by then. Sorry to rain on your parade. I wonder what it will be like in 100 years — and I am sure that no one knows today what it will be like, just as the people living in 1912 could not have imagined what it would be like to live in 2012.
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Meanwhile in Iceland
Want to help the Congress & the N-G-M Family Quit India?
The Congress party and the Nehru-Gandhi-Maino clan need your help in quitting India. You, and thousands like you who are willing and able to help them quit India, can make it happen. India needs your help. India can become a prosperous country once we take that first most critical step — make India free of the Congress and the N-G-M clan. Once India is rid of them, it will progress rapidly to become a developed nation. Come let us work together to make that a reality. Email me atanudey at gmail for details.
Against stupidity the gods themselves contend in vain
Paraphrasing the German poet, historian and playwright Friedrich Schiller (1759 – 1805), you can say that against ridicule even the gods struggle in vain. While Sonia Maino and her family still appear to be largely unscathed from all the scandals enveloping the supremely corrupt Congress party, her son-in-law is the target of some well-deserved ridicule. It is interesting to note that the main stream media in India still does not have the guts to report the truth. It is therefore the social media which has taken on the burden of shaming the guilty through ridicule.
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Sonia Gandhi’s travels are more mysterious than the Shroud of Turin & costlier than going to Mars
Sonia Gandhi’s travels are more mysterious than the Shroud of Turin & costlier than going to Mars. That should have been the title of my piece on NitiCentral — but it is not. Go read it all.
Five Exciting Classes offered by Stanford University for Free
John Mitchell, Vice Provost for Online Learning , Stanford University announces five more exciting classes offered by Stanford University for free. Here is the list:
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