Category Archive: World

Home loans, Oil Price, Weather – Derivatives gamble on everything!

This entry is part 2 of 8 in the series Deriving Capital's Future

hese products are not entirely internal to the corporate and financial world. The process of securitization draws households into the mix, albeit as providers of income streams for securities rather than as market traders.

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Derivatives – a demon sucking the world dry!

This entry is part 1 of 8 in the series Deriving Capital's Future

We conjecture that derivatives are not a pathological growth on capitalism – a distortion of some ‘true’ capitalism. They are integral to capitalism and the expression of its essential property relations and its inventiveness.

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Capitalism – A love story

Wall Street, investment bankers and commercial banks; home foreclosures, evictions, bank bailouts, political manipulations and a lot of historic background on how this come to pass.

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Ten Days That Shook the Wold – Sergei M. Eisenstein

Soviet silent film made in 1927 by Sergei Eisenstein, sometimes referred to simply as October in English. It is a celebratory dramatization of the 1917 October Revolution. The title is taken from John Reed’s book on the Revolution, “Ten Days That Shook The World”.

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Trump or Clinton? US voters and the world face a terrible choice!

Trump’s morality merely expresses the morality of capitalism: rapacious, bullying, racist, sexist, and demeaning. But it is inconvenient for ruling class attitudes such as this to be aired publicly—they are normally reserved for corporate board rooms, cabinet and war room meetings, and masked orgies at secluded mansions.

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US, UK, India, China – a statistical comparison

Agriculture GDP and employment account for less than 2% in UK and US. In China and India agriculture GDP % is far less than agriculture occupation %. That means, farmers and agricultural labour are squeezed in favour of services and industry.

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Federal Reserve’s Money Printing Failure 


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CTS in trouble? What trouble?

CTS might manage to cover its tracks successfully and come out of this episode with little damage to its top management and shareholders. The losers will be only CTS employees and the public.

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For the Love of Physics

How to teach and make students love physics? On May 16, 2011, Professor of Physics Emeritus Walter Lewin returned to MIT lecture hall 26-100 for a physics talk and book signing, complete with some of his most famous physics demonstrations to celebrate the publication of his new book For The Love Of Physics: From the …

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US – Productivity increases, income not keeping up!

us-productivity-income-gdpUS Productivity, GDP, Employment and Income : 1953 to 2011 (source)

Labour Productivity increased by 600% (from 100 to 600). That is the phenomenal growth of technology has increased output per person employed.

But employment grew by only 400% (from 100 to about 400+). That is relatively less people are employed, which may be due to slowing population growth or increasing unemployment.

Household income went up only by 300% (from 100 to 300). That means, an average person get only half as much share of domestic product in 2011 compared to 1953. The benefits of improvement are not going to those (workers, technicians, engineers, scientists) who create it.

Where does the rest go? goes to war, luxury of rich and speculative waste.

Don’t we need a drastic re-engineering of the whole economic system?

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Pirates of Silicon Valley

Story about the beginning of two of the most formidable tech companies

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Salt of The Earth

  Struggle by Mexican American workers union for equality (all kinds of…) and solidarity of other workers.  

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Nearly 40,000 Verizon workers on strike

Nearly 40,000 Verizon workers walked off the job on Wednesday in one of the largest U.S. strikes in recent years after contract talks hit an impasse. The strike was called by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers that jointly represent employees with such jobs as customer services representatives …

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Focus on feeding platforms like Twitter and Facebook generates junk news

Ev Williams is not a fan of the increasingly homogenised media he currently sees, with its emphasis on feeding the great, gaping maw of platforms like Twitter and Facebook too often producing what he describes as tantamount to junk food. “We’re still stuck in some very naive thinking, with the idea that people consuming media …

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Status update

Technology empowers people, opens up multiple opportunities, but will it get rid of the biases, prejudices and injustice inherent in a society?

Uber Zendesk screen shot

Screen shot for search on “sexually assaulted”

Uber, the taxi riding company said “only” 5 claims of rape and less than 170 claims of sexual assault were received by the company between December 2012 and August 2015 in US. This is in response to the screen shots of search queries related to the period between December 2012 and August 2015 in Uber’s Zendesk customer support platform, released by

In one screenshot, a search query for “sexual assault” returns 6,160 Uber customer support tickets. A search for “rape” returns 5,827 individual tickets. Uber officials provide various explanations for these large number of search results, but also gives appropriate rebuttals.

Uber Zendesk screen shot

Screen shot for search on “rape”

After Uber learned of BuzzFeed’s investigation, the company began contacting customer service representatives in its system who had searched the Zendesk database for the terms rape and sexual assault, apparently in a hunt for the leaker.

The point to be debated is : with technology a service, related app and an eco system to offer cheap taxi rides can be built and rolled out. But can technology solve problems faced by women, minorities and oppressed sections in the society?

News Source

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