In an interesting article in the FT, Nassim Nicholas Taleb points out that while the rewards system on Wall Street incentivizes bankers who take risk, it does not have adequate disincentives to discourage a trader whose annual bonuses depends just on the returns he brought in during that period. So while the punt might prove unsuccessful down the line, the banker has already collected his bonuses for the year, and, at worst, only loses his bonus for the year when his long-term punt failed. So, while an entrepreneur lives and dies by the risks he takes (which is the general idea of capitalism), the banker takes the “free option”, so the taxpayer (in some form) is forced to cover the losses.

 

I haven’t watched Slumdog Millionaire yet; I doubt if I will. Because some friends whose tastes and preferences as regards movies are close to mine are of the opinion that the movie is just another masala flick*, whose “realistic” depiction of the slums, squalor, hope and triumph falls way short of what some Hindi and Tamil movies have done in the past. (And they said so before Slumdog started its golden run, so it cannot be out of envy.)

The media has been awash with Slumdog mania. The British media claims it is a British movie, the Indian press points to the movie’s roots. But yes, DNA tests are what the media is good at. And they always uncover many fathers.

Like Albert Einstein once said: “If my theory of relativity is proven successful, Germany will claim me as a German and France will declare that I am a citizen of the world. Should my theory prove untrue, France will say that I am a German and Germany will declare that I am a Jew.”

* But yes, even Titanic was a masala flick, and it won Best Picture.

 

“Heard melodies are sweet; but those unheard are sweeter.”

 

Some “political commentators” are daring Republican Governors who opposed President Obama’s stimulus bill to not use the funds their states would be allocated. This is not just grossly stupid, but mean.

These commentators are more partisan than the House or Senate Republicans they trash everyday as playing partisan politics. Would they also tell the people in the states that voted for McCain on November 4 that Obama would not be their President? Do they even understand what a democracy is or how it works?

Shame on you, Rachel Maddow, and all your cronies.

 

Ron Rosenbaum writes in Slate.com that if “The Reader” wins the Academy Award for the Best Picture, then it would strengthen the case for Holocaust deniers:

This is a film whose essential metaphorical thrust is to exculpate Nazi-era Germans from knowing complicity in the Final Solution. The fact that it was recently nominated for a best picture Oscar offers stunning proof that Hollywood seems to believe that if it’s a “Holocaust film,” it must be worthy of approbation, end of story. And so a film that asks us to empathize with an unrepentant mass murderer and intimates that “ordinary Germans” were ignorant of the extermination until after the war, now stands a good chance of getting a golden statuette.

So, if “Slumdog Millionaire” wins the award in question, then should we take it as a legitimization of the existence of slums? Or should we consider the Oscars handed out to Anthony Hopkins or Marlon Brando as a celebration of evil? *

The notion that somehow a group of people expressing admiration for a piece of art, when that admiration is clearly for the art, and can only be construed very remotely, if at all, to be an acknowledgement of the message conveyed, can be seen as exactly that is risible. Even more terrorizing is the belief that anything German should be considered evil and should not be given a fair shout, because Rosenbaum, evidently a person of Jewish extraction, should know that this is the selfsame sentiment that the members of his clan have been subjected to for centuries and have been fighting against.

While we should welcome freedom of speech, we should also be careful not to let such insane, polarizing and venomous agitprop run loose. For that is the tool that Joseph Goebbels, of whom Rosenbaum seems like a modern-day version, used in his quest to exterminate Rosenbaum’s forebears.

* A much closer analogy is Adolf Hitler’s belief that Luz Long’s victory over Jesse Owens would prove to the world the supremacy of Aryan race.

 

You know someone is new to the US when his latest Picasa album contains pictures of every street sign, parking lot, freeway, exit sign, elevator and subway direction that he has come across on a Saturday. To say nothing of the taxis, dust-bins, corner ATMs, the woman walking her dog, and the signature pic next to (sometimes, even shaking hands with) some statue.

 

Listened to the song “Megam Karukkudhu” from Aanandha Raagam after a long time. A fabulous song, stunning in its simplicity. Hats off to Ilaiyaraja!

 

… is Microsoft’s best stab at a web browser since IE 4.

 

June 2008 seems like not so long ago. Why? Because it is not so long ago. And I wrote back then that the Chelsea job is a poisoned chalice. Back when I wrote that piece, Luiz Felipe Scolari seemed like he would give the vacancy at Stamford Bridge a pass. Would have good for him to have done so.

And now, just like they booted a manager during the previous season, Chelski have shown the World Cup winner the door. The familiar names are back again in the reckoning – Roberto Mancini, Frank Rijkaard, Guus Hiddink, and even Jose Mourinho.

The truth is, and Sir Alex Ferguson captured it well earlier this season, that Chelsea’s core team is probably over the hill. Any of these names will need time to fix this problem. And it doesn’t seem as if Roman Abramovich, who kicked out Avram Grant, who came within one penalty kick of lifting the Champions League, rather mercilessly, has the patience — the most important currency he can offer a top manager as the latter tries to engineer a turnaround.

 

A rough measure one can use to compare clubs playing in the same league is to see how many points separate two clubs. If the points difference between two clubs that have played the same number of games is six points or more, one can claim that the two clubs are involved in different mini-leagues. So even though the team that is ranked seventh is only one place ahead of the one in eighth, the latter might not catch the former for quite some time if they are two wins behind.

One can easily notice two mini-leagues in any league table, oftentimes three. The top three or four clubs race away from the pack; there won’t be much that separates the next six or eight teams, and the rest are fighting to avoid relegation.

This season’s Premier League is remarkable in that when divided broadly, the first six teams, as against the usual Big Four, can be taken as one mini-league. Of course, Man United, potentially on 59 points, are almost 20 points ahead of Everton at sixth. Clearly though, United are battling in a two-team league involving themselves and Liverpool, but there isn’t much daylight between Liverpool and Aston Villa, and Villa and Chelsea. The bottom 14 teams are only separated by 12 points, which makes the dogfight to avoid the drop even more interesting. A couple of wins for West Brom, combined with favorable results, can propel them into the zone of assumed safety.

The Primera Liga though is fascinating in a peculiar way. If one used the metric defined above, one will find three mini-leagues, but then they are: Barcelona (with 59 points) in a league of one, second-placed Real Madrid (with 48 points) in a league of one, and the other 18 teams playing in their own league. Stats don’t lie. Barca’s goal difference of 52 (68F; 16A) is just short of that of the next 5 teams put together, or three times Real’s.

In a way the gulf in class between the teams competing in a league is an indicator of how entertaining it is. Apologists for the Liga do not have much to offer other than the sublime skills of Leo Messi or the occasional great save that Casillas pulls off. While the  best of the Premier League compares about the same with the best of the Liga, beyond the top two, the Liga cannot be claimed as engaging when the top two are not playing, and not as competitive even when they are playing one of the bottom-half sides. The same however cannot be said of the Premier League. Which closes shut the argument about the best football league in the world.

(The apologists don’t stop there. They claim that Everton cannot match Sevilla or Valencia in Europe, so the Liga is better. Wake up. You are lumping the top four teams in England together, and your answer for that is only the top two teams in Spain. And given Real’s dismal European exits over the past so many seasons, Spain’s adventures in Europe are limited to those of one club from Catalonia.)

However, one cannot fault Barcelona for the incompetence of the rest. Not even a fool can gainsay that a club that averages three goals every game is ordinary. A couple of years ago, when Roger Federer was the master of all he surveyed, the familiar argument was to decide if he was indeed the greatest tennis player ever. Inconclusive as such arguments always turn out to be, they also generated an important takeaway, namely other comparable greats — Pete Sampras, for example —  had to overcome much more formidable opponents.

And so it is, the truth of whether Barcelona are indeed the best team in Europe will only be known when they clash with the Premier League’s heavyweights in the Champions League. Whatever the result of those titanic tussles might be, Barca’s prowess alone does not make the Primera Liga the best. The more competitive English Premier League remains the greatest show on earth.

 

Wow, what a magical goal from Giggs against West Ham!

Update:

The goal from Giggs reminds me of some from the George Best collection, where he twists, turns, swerves and bamboozles defenders. Sir Alex Ferguson in an interview last week thought that Giggs deserves a knighthood solely for his longevity – almost 20 years in the starting lineup at United, 800 games and 150 goals, ten Premier League medals, closing in on 11, in addition to a couple of Champions League medals and numerous FA Cup and League Cup victories thrown in. Well, if this goal doesn’t catalyze that process, I fail to see what will.

 

So, just like they did with Vista, Microsoft is planning to release multiple versions of Windows 7. In an interesting post on TechCrunch, Devin Coldewey clinically takes apart this strategy. The section I loved the most was:

Can you imagine a Microsoft hot dog stand where they use the same wiener and bun in every hot dog, but if you want relish, or Sriracha sauce, you have to call it something completely different, and the menu has every configuration of hot dog included, with price? They could just have “Hot dog, $2″ on the menu, and then “relish, 40¢ extra” and “Sriracha, 50¢ extra” on there. Yes, there’s a reason every hot dog stand does it like that. Because if they set it up like Microsoft does, people would get confused and go get something simple, like an apple (which could represent the obvious).

 

http://code.google.com/p/blackgold/issues/detail?id=3

The greatest bug report ever. Haven’t laughed like this in ages!

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