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My Friend Sancho
My first novel, My Friend Sancho, is now on the stands across India. It is a contemporary love story set in Mumbai, and was longlisted for the Man Asian Literary Prize 2008. To learn more about the book, click here.
To buy it online from the US, click here.
I am currently on a book tour to promote the book. Please check out our schedule of city launches. India Uncut readers are invited to all of them, no pass required, so do drop in and say hello.
If you're interested, do join the Facebook group for My Friend Sancho
Click here for more about my publisher, Hachette India.
And ah, my posts on India Uncut about My Friend Sancho can be found here.
Recent entries
Daniel Pepper of CMS has a worrying story up on how RTI activists in India are increasingly facing a…
This sentence says so much about the level of parliamentary debate in India today: Finally, marshals were called in…
The quote of the day comes from a post by Roger Ebert: Resentment is allowing someone to live rent-free…
Alex Tabarrok writes: Suppose that you are a cow philosopher contemplating the welfare of cows. In the world today…
[EWWW POST ALERT] Reader Deepthi B sends me a link to a book named “Natural Harvest - A Collection…
18 July, 2008
Freeze The Prices!
Pakistan investors stormed out of the Karachi Stock Exchange, smashed windows and cursed regulators after the benchmark index fell for a 15th day, the worst losing streak in at least 18 years.
“I have lost my life savings in the last 15 days and no one in the government or regulators came to help us,’’ said Imran Inayat, 45, a protester and a former banker who retired early and said he lost 300,000 rupees ($4,175) on the market.
The article does not elaborate on who put a gun to Inayat’s head and forced him to invest his money in the stock market. Instead of calling on others to help him, the man should accept responsibility for his own actions. Did he really think the stock market is some kind of giant safe deposit box?
But the most WTF moment of the pieces comes towards the end:
“We demand that all stock prices be frozen at current levels,’’ said Kauser Javed, who heads the Small Investors Association.
Sigh. Prices, of course, are determined by supply and demand, by what people are willing to pay. If stock prices are falling and the government fixes them at an artificially high level, it will simply mean that those stocks will have no buyers, and their value will effectively be equal to zero. That will no doubt give Javed more cause to protest, and the gent might then demand that the government put together a rescue package for the small investor. Such fun all this is.
(Link via email from skthewimp.)
Posted by Amit Varma in
