When stock markets go up

When stock markets go up, we are skeptical. When they go down, we are pessimistic. We are never optimistic about the market but it moves on until one day you realise the risk is not what you imagined but being out of markets. This is an inexorable law!

Today is World No-Google Day

I was accidentally googling something and found out that the World Teacher's Day is Oct.5, not Sept.5 as celebrated in India. World Children's Day is celebrated on Oct.20 and not on Nov.14 (as in India). It appears Indians are poor at marketing themselves in areas where there is an opportunity. On the other hand, a Valentine's Day or a Halloweens or a Mother's Day or Father's Day and even such day...s as today - World Cancer Day are celebrated without questioning. Mothers Day and Fathers Day should be celebrated everyday - and doesnt just apply to NRIs who dont even visit their parents once an year. Incidentally, World Book Day or World Reading Day, if I get it right, is celebrated on William Shakespeare's Day on April 23. I dont know if it helps in improving reading habits - does it mean you can read once a year and then you are done with it for the next 365 days? Anyways, the point is clear: Indians are pathetic at marketing their own icons of Peace/Children/Teachers/Art(like Tagore)/Love(Mother Theresa)/Science(CV Raman) to the world outside. Incidentally, my wife's favorite day of the year is 7th March - World Mathematics Day - because she is a mathematician! And thats not the birthday of Srinivas Ramujam either! Jocularly, some Indians dont know what to do on a Father's Day too! An ill-informed friend of mine, years back, bet on a Rs.500 that Father's Day means October 2nd - because thats the birthday of the father of the nation!

Books about Pakistan

Pakistan is one country that never ceases to interest Indians especially those born around partition time like my father. So, it has always been my duty to quench his voracious reading appetite on books about Politicians and generals in Pakistan. He has read every book written about/by Jinnah, Bhutto, Musharaff. This somehow kindles a Hitchcockian interest in him - to read about Pakistan. So, you... can understand the glimmer of curiosity in him to read about Imran Khan by the cricketer himself.


"Pakistan - A Personal History" is a good book written to canvass himself (Imran Khan) to a nation torn asunder. Its a well-written book and Imran Khan deserves like every crooked politician a fair chance at the government. What is amazing to me is that the book delves more into his personal life through boyhood days to cricket and cancer and his many marriages and suddenly shifts gears into a political commentary on the state of affairs of Pakistan for the last 15 years which is as interesting as India. A cricket all-rounder cannot have such a masterly pavillion's view of politics in his own country especially when he has distanced himself from his country for so long until the recent past. Which is why, when we read that book "Pakistan: A Personal History" it turned out we read the same stuff somewhere. We found the answer alarmingly as a sidenote after the last page: "I have referred MJ Akbar's book "Tinderbox: A History of Pakistan" in writing this book". It turned out he has copied copiously from the book - to draw from MJ Akbar's magesterial sweep of history about Pakistan.

But his views on TV are a bit idealistic and sound familiar to those early halycon days of Bhutto, Benazir, Musharaff. In an interview with Rahul N of Headlines Today, he was impressive about Pakistan but bewildered about Kashmir, India and the policy that would shape Pakistan's relationship with India, and most of all, an unpardonable ignorance about Pakistan's anti-India terror camps. He is talking about "engaging" with such camps to bring a political solution. No wonder, even the US is wary about Imran Khan's rhetoric. He used to go after the Indian batsmen those days, now he is going after the Indian media nowadays and using it rather cleverly well. Whatever be his naivette and silly utterances, the youth of Pakistan are rallying behind him. I hope he succeeds in democratising, de-militarising Pakistan more so that it ceases to disturb India.

The last time I read a book about an aspiring politician from a celebrity sportsman background was "Life Imitates Chess" by Garry Kasparov. That was a joy and a celebration of life from History's greatest Chess Player with little references to politics and plenty of lessons. Reading Imran Khan is a bit more painful, and boring at times - like a political manifesto.

Why I love The Hindu

Thoroughly impressed by "The Hindu's aggressive ads in paper and TV taking on the likes of "The Times of India". The ad aims to take a direct potshot at Times of India - for feeding readers with mindless drivel on pageants and gossips and page-3 profiles and not giving them stuff thats relevant, useful or rooted in Indian heritage. During my journalism college days, we had an ebullient editor one Mr Jagadeesan who was holding out "The Hindu" newspaper and pointed out everything they do right editorially (though may not always have the content you like to see). The quality of reporting, the neutral stands on most mattters, the vibrant letters page, the many supplements that only keep getting added everyday of the week, the way the stories on page 1 are laid out - no story has a "runner" (like, say, turn to page 12 for more and so on), uncluttered reportage and layout, fonts that keep changing with the times (pun unintended), emphasis on developmental journalism and narrative panache, the group that brought out Businessline - my favorite business newspaper.


Mr Jagadeesan was right in 1992 - there will be no interference by Advterising Divion into editorial matters and there is almost always a "Kaizen" of sorts happening - continuous improvements in printing quality, supplements, new insights, features like "Reader's Editor", "Literary Review", "Cinema Plus", etc. Of course some legendary analysts like KK Katyal or GK Reddy are not there anymore but the paper never compromised on ethics. The staffers still get humble but inflation-adjusted paypackets, the ladies get a Kancheevaram saree every Diwali and the gents get a Pattu Pancha. Every employee of "The Hindu" group gets lifetime subscripiton of the newspaper besides Sportstar, Frontline etc.

Way back in 1978 itself, when it completed 100 years of existence, the newspaper was voted as one of the six great newspapers of the world on line with the likes of Manchester Guardian, La Monde, Times London, and New York Times. Amongst the initial bunch of pre-1900 newspapers which grew from strength to strength - "The Hindu" alone has created a respectable tag for its stories, reporting and associate publications. Not "The Statesman" (which shrank after CR Irani and SK Datta Ray), not the ToI as they have commercialised news, legalised page 3 as another celebrity league, and vandalised local news into coteries serving different interests. Of course, "Hindu's family feuds even though a strict Iyengar secret keeps getting out into the open and gives some salicious salvation to newbies like "the Mint" to comment on their goings-on. The newspaper is also disliked by many for it's haughty views on the Sri Lankan issue, BJP, communist shortcomings, secularism and love-hate relationship with the politicians in Tamil Nadu but the paper is very clear for what it wants its readers to notice it for - conservative but egalitarian. It is in that sense very Nehruvian in its views - Nehru always believed that the ruling majority must encourage and respect the minorities else the minorities can feel threatened to air their views or assert their cultures otherwise. "The Hindu" follows this in publications - they may not appease the "Hindus" but they never isolate the "minorities". Ethics wise also, they deserve a pat. Who else but "The Hindu" could have sacked the great cricket journalist - R.Mohan. It is interesting how the Times will respond to the changing times.

The Economics of Movie Industry

Lets be honest about it. Even though "Businessman" is a hit, it is helpful to understand the context and the scenario emerging in Tollywood. I am no blind fan of any superstar or megastar but would like to take facts headlong and not have sentimental leanings. What is an industry hit? What is a superhit? These definitions easily get smudged. An industry hit means a movie that has made money for the producers and the distributtors but not liked overall by the public. If the public like the movie unanimously, then its a superhit. By all counts, "Businessman" is an industry hit but whether it is a superhit - it is yet to prove. Which is why, despite liking the movie, what I am surprised is when Film heroes give interviews on every channel and every day more regularly than newsreaders in order to make the public believe that it is a superhit. That, I am telling, is an unhealthy trend.


Something similar to what Superstar Krishna did many years ago. When it is becoming clear that Natasekhara Krishna was not likely to get a best actor award in any awards, and there was a title "Superstar" poll in a filmy magazine called "Jyotichitra" (now defunct), all the fans of the matinee idol - about five lakh copies of the magazine - were bought and everybody unanimously voted for Krishna as the only Superstar. I remember this distinctly as it happened during the time I was growing up on movies. Consequently, Krishna was voted "Superstar" and the title became a permanent prefix to an actor who despite his goodness and discipline may have never won an award for best actor. The ongoing saga of superstars vying for the next top slot is similar to that in scale and influence. By drumming up that a movie is a hit, nigh, superhit, they are trying to influence similar type of verdicts- by painting the town red with records, getting guys like RGV to drool over the movie etc. This is not a healthy trend.

Now lets come to the topic of number of prints and collections commensurate with them - are they enough? This is the question everybody is asking. Here I have a diferent take. Yes, collections have definitely undergone a sea change. It is not enough for a movie to run for 50 days or even a month to make money. This is because, cinema prints have also got the benefit of technology. Today, there are broadly, two types of cinema prints - UFO Cube format and the regular print. One format which runs on hard-disk equipment (like a CD Player projector) which is aired on both old-world theatres and multiplexes like Prasads at a cost of Rs.10,000 per week. That means, the same equipment can be used around RTC theaters, Kukatpaly theaters, etc. at a staggeringly low cost. The other format of the print costs less than Rs.50,000. So, gone are the days when a single print used to cost Rs.5 lacs or even Rs.3 or 2 lacs apiece. So, technically, if a film is released with 2000 prints, it is correct to assume that the cost of prints are Rs.12 crores. (2000 *6 lacs each). So, let it be abundantly clear that a film print is no longer exorbitantly higher which can deter a distributor from making more available to an area. Now, I come to the point of the movie's economics and the costs of distrbuting versus bidding costs. You can make helluva money on a movie with more prints and it is not necessary to make it run for 50 days or so. So collections do matter because film print costs have more or less become a lower notional almost variable cost. The only point I want to make is dont chase records and dont tom-tom about the collections in the same breadthy. Agreed, by tomorrow Republic Day, most of the distributors in some areas will make 100% of their bidding amounts from "Businessman" but think everybody has made money. The higher you bid, the more you stand to lose if you dont work out the economics well. The trick in distribution lies in bidding well and not get carried away. Once you bid well, you have the technology to recover the money faster. For example, Kukatpally and Dislukhanagar distributors have made their money almost but UK distributors have lost money in "Businessman" because of over-the-board bidding. But I hope you appreciate the nuances of distribution and the follies of records.

Obama's Re-Election campaign Starter Speech

 

Obama makes the most picture-perfect speech before Polls - giving a sense of confidence to Americans that "All izz well" - more jobs since 2005, no war in Iraq and Af-Pak, no letting Iran loose, no outsourcing to "poor" countries, veteran job school, no tax subsidies to rich, no equals in China+Germany, GM-still the best automaker in the world, reforms, in Wall Street, blah blah. Its incredible ho...w these Americans drum themselves up to the world. As a friend said, "they are like a shopkeeper who is bankrupt (US) who wants money from customers (rest of the world) so as to be able to sell the same goods again and again." But despite the truth, and despite the chinks in the logic, US rules because of a system thats created to continuously re-invent, throw up new enterprises and innovate, a democracy that looks like one and a currency that can deflate its way out of the sovereign debt. It also superb pride and confidence in everything American that each of its population with a percapita income of $43000 enjoy and revel. On the contrary, on the eve of our 63rd Republic Day, India has lot of things going for it - still 7% plus GDP growth, culture thats myriad and richest, a majority of religion that still allows minorities of religions to asssert themselves with occasional blemishes, democracy thats running with all its earthly flaws, a society thats not broken down in its innards, population that is unequal in all material possessions but richly endowed with tolerance, enthusiasm (unlike Japanese middleclass) and ability to survive its politicians and capitalists, freedom to still breathe our usual selves in the way we wanted to live, a co-existence of so many languages and religions, prides and prejudices, cinemas and festivals, a civilisation thats not dead as the Mayans or the Egyptians, a nation always in threat of a breakdown and an attack from coast or landmass from 20 directions, a nation that has so many centrifugal forces working and yet has a faint of a centripetal force thats keeping us on the edge but intact still, an Entrpreneurship and a Diaspora that continues to sizzle and furiously astound the world with good and bad intentions. I fail to understand why Indians cannot be as supremely optimistic as the Americans. The Bible says, "...The meek shall inherit the earth." It has to be definitely the Indians then, not the Americans, nor Chinese, nor Germans. Forget about the pressures of ruling the world - why can't we celebrate ourselves just the way we are? Happy Republic Day friends and Cheer up - the worst is behind us and "That used to be US" will apply to US not us. Lets move on and feel proud. My father always makes it a point to wear new dress on R-Day and I-day. I shall do the same tomorrow. Long live the Republic Day!

Salman Rushdie is over-rated

That Rushdie can rattle the festival still is a tragedy of colonial hangover to Indians. Guys like him and Naipaul are now fast becoming anathema and irrelevant in an India moving at multi-speeds. With the exception of folks like late RK Narayan , Ruskin Bond, and maybe late Nirad C Choudhary (just for the sheer knowledge he possessed), no living writer of Pre-Independent writerly era has kept up ...with what the New India has become or the aspirations of Indians post 1980s. They make provocative pronouncements which hurt Indians. Which is why, I agree with Chetan Bhagat's outburst against Salam Rushdie that a writer who offends the sensibilities of its people should be disowned, or something to that effect. Chetan may be cleverly talking his books up but more people have read him than the likes of all of Naipaul and Rushdie together in India. And what are we paying tribute to guys like Rushdie - so what if he and Naipaul have won Booker and Nobels. I have found more empathy to India from writers who are not PIOs than the so-called PIOs. E.g. Paul Brunton, Somerset Maugham, William Dalrympyle, Patrick French,Arthur Osborne even Mark Tully. We don't want wife-beaters, ill-gotten Elites and girlfriend-seekers to give their opinions on India. And no, their views are not relevant or needed here. Lets move on from the days of Raj.