A really gripping narrative by Aman Sethi and Gopika Gopakumar of HT.
A scandal involving Bank of Baroda’s South Africa operations, a cabal of businessmen of Indian origin, and South African President Jacob Zuma, has undermined the reputation of India’s second largest bank and resulted in an unprecedented penalty by the South African Reserve Bank.
It is a familiar story with different names…
Janet Yellen’s tenure is being seen as highly successful and setting a new standard for current and future central bankers.
Though, what is interesting to note is how the Fed staff paid tribute to her during her last days at the central bank. They all popped their collars copying her style:
For the last week of US Federal Reserve chair Janet Yellen’s groundbreaking tenure, her coworkers are offering an homage to her distinctive sartorial style:
Chris Calton on how Wright Brothers after getting the airplane patent stifled innovation in the industry. SO much so. US air industry developed only post Government limiting the monopoly power of patent:
https://www.intelligenteconomist.com/economics-blogs/
Mostly Economics 