A bouyant new President starting his Odyssey just rewriting parts of the original Odyssey – I think its brilliant – not just boringly pragmatic – it’s simply amazing that a Richardson can be seen and heard after horse trading Mexicans ( Thats how they call it in the good old Orient) and before applying for Biden’s post next time. It’s great that Summers can’t hold TARP but we need him as Economic adviser and Timothy Geithner and the New York Fed come as a package for the bailout package – no transition required here and you were on the same table as Paulson ( I still think he did an ‘Okay Job’) and it’s greater news tht Hillary is still in the ring. Some nice weekend action and thankfully all before College Football and Sunday Football. I think we are all involved. Tom Dashcle was the best catch judging from the media attention, though I thought Summers would be even weightier, and of course Rahm Emmanuel was the best pick ever.
And the next fun’n’ games for the weekend were from that global follower of John Pierpoint Morgan’s legacy, our very own ever awake and ever advantaged Citi:
It isn’t the buzz really, more like a drone..a pain coming home to roost and Citibank making it clear ( as on November 21, my Saturday) that it does not want to sell Smith Barney. They are however not so clear about selling off their Global Transaction Banking and Cards units. But given you just mucked up your bank over three years, why exactly would I buy it – i am after all not a Bone collector, nor a fair weather sunny side breakfast for some rich Arab, I am a serious buyer who wants something that is worth at least 30 cents or maybe at least 70 cents for every dollar i pay in current earnings(sales) and a lot more down the line. If I am Citi, I have already flogged my profitable pieces and this weekend I am told i still will be doing a deal for my dream at $4 a share – doesn’t cut it at all.
Pandit does not want a deal with Goldman Sachs, no one bought the Citi’s profitmaking companies in India ( the deal with TCS was inked though, and it’s very much on) and the hedge funds need their billions to keep hope alive – which right now is owned by Mr Obama, realy busy weekend!$$
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Lifestyle Infrastructure
One of our special themes at the Advantages weblogs has been our assertion that US, India, China and most of the rest of the world that is growing
is likely to do so on the basis of a consumption revolution. Below is out insight piece that opened the chapter on India's final coming out that was much awaited but wasn't really happening till 2009..
The Commonwealth Games Infrastructure Train
A few years ago, when the Indian women shot Gold in Commonwealth Hockey and our aim in general started consistently being medal grade, we won the bid for New Delhi to host the games in 2010. This business of infrastructure had been mystifying sportspersons for decades in India; none too easily supported by the overarching smell of rent and inadequate facilities for local sports persons historically.
Even today most sports would bow out in front of Cricket and that is not a full-fledged event at the CWG, though there is still a toss-up for the T20 version to be added. Like most other spheres of life, China has been doing it higher, faster and stronger, having already held the challenging Olympics in 2008 earning over $2b for Beijing, the host city.
The story is quite public and you must have all followed it at least since August 2009 when the first few fistcuffs were exchanged regarding the lack of preparations for the CWG event now just 6-7 months away. The Sports Minister and the Games Organising Committee Chair Suresh Kalmadi has variously ben painted and vilified while we look at the rejuvenated parts of Wembley in London and survive on facepaint and cheering the local IPL franchise in Cricket games. The painting of events apart we just thought it important for Sports and Tourist infrastructure worth $1.5 billion to be included in the India story at about this time.
This preamble would survive your taste buds and your snipping scissors in the mind and we�ll come back right after lunch is over for you..
And the Original piece..follow up article on our Lifestyle Economics stream
If you have been following the India story closely, India�fs new developments are focussed on Infrastructure and Retail along with giant leaps in the Entertainment business. You can look closely at the India stories athttp://advantages.us/inframils to get a flavor of what�fs happening in Indian Infrastructure
On the other hand Retail Lifestyle businesses are increasingly attracting investors�cRural Markets may grow at a faster pace at least on the Drawing board. �c Where is Investor access? Why is it still on the government to make it happen? The FDI limits and the others are fairly rational policies..but where are the investors?..
Nanos will roll into homes by July end and IPL teams are already applying for trademarks as it looks set to become the greatest sporting extravaganza in the world, already ranked at #2 behind the NFL season in the USA. The 3G challenge will tear at Telecom companies�f profits in the coming years�c
(The image is of a young indian golfer in Scotland)
BUT, Importantly, India caught on to serious lifestyle investments early in 2005, Today with the debut of Cox and Kings IPO..
Where it is now?
Towns like Jalandhar, Ludhiana in Punjab, Jaipur and Agra on the Golden Triangle and such state capitals, heritage and business towns like Ahmedabad, Surat and Nagpur present a unique opportunity for Indian hospitality business to scale up, esp as Indian railways, india�fs aviation footprint and the road infrastructure will follow in step with the boom. Note: The Indian Maharaja with TC, Maharajas Express with Cox & Kings, and the other two luxury trains have started first season bookings quite well and money is being spendt to add gym and pool to the Palace on wheels as well ( More here ) Golden Palace started from Bangalore is not doing so well apparently. The Maharajas Express for example is 84 persons at an average of $1000 per night for a 7 day- 8 night tour between Mumbai and Delhi
