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The Big Dive and the ripples it sent out

Vir Sanghvi in Nobody knows anything (Counterpoint, October 19) has correctly described the deteriorating condition of the world economy and the reasons behind it.

india Updated: Oct 25, 2008 22:20 IST

The Big Dive and the ripples it sent out
Vir Sanghvi in Nobody knows anything (Counterpoint, October 19) has correctly described the deteriorating condition of the world economy and the reasons behind it. The conditions of the US economy may affect the world at large, but if precisely monitored, the internal economies of various countries may play a major role too. We all must try to solve the present problem than to identify ourselves with others.
Geetika Bhardwaj, via email

II
The so-called economists and financial advisors were totally in the dark about the impending economic crisis. Last January, when Sensex was around 21,000, they were predicting on TV channels that it is going to touch 25,000-level soon. And today, the Sensex has already crashed below 10,000. Similarly, about two months back when crude prices were going up and had crossed $140 per barrel, they were predicting that it is going to touch $200-level soon. However, it is ruling below $70 per barrel today. One wonders what kind of experts are these.
Rahul Kumar, via email

Ties that bind?
Nikhila Natarajan’s write-up Fingers crossed in Virginia (October 19) should serve as a warning for inter-religious marriages between Hindus and Christians. It is not uncommon to find a Hindu converting to Christianity after marrying a spouse who is a Christian for reasons made clear in the report. What harmony can there be between a Hindu who believes in many gods and the Christian who believes in an invisible God who is One? Can there ever be an agreement between them on spiritual matters?
Omar Luther King, Delhi

Not-so-healthy talk
Manas Chakravarty in Shtop thish Ramadosh (Loose Canon, October 19) talks of Ramadoss’s attempt to subvert the independence of a prestigious institution like AIIMS by cutting short its director’s tenure. While he coudn’t succeed in that, he did banned smoking in public places. Now, peanuts, taken with hard drinks, are bad for the health. Manas rightly stated that next he will ban dry fruit, junk food and all things that taste good but increase cholesterol. Lastly, he may ban merry-making and his journey to Talibanisation will be complete. God help India then.
Sutender Mohan Mehra, via email

The banking balance
Karan Thapar in Banking on a pause (Sunday Sentiments, October 19) seems to derive pleasure from bashing the investment bankers. With regard to dressing, today’s camera-friendly journalist looks more like a clone of an investment banker. These bankers are some of the brightest of the lot, having spent their best years slogging at prestigious institutions honing their skills. Gloating over their temporary misfortune only betrays hidden complexes. You can’t keep a good man down.
Arun Bhagoliwal, Lucknow