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Updated: 2012-04-15T15:20:19.563-07:00


manmohan singh's message


Sify reports PM Manmohan Singh's message on the indepence day:
Outlining a seven-pronged agriculture and employment-oriented strategy for higher economic growth, Prime Minister Manmohan Singh on Sunday said the challenge for reforms was to "breathe new life into government."

Identifying seven priority sectors -- agriculture, water, education, health care, employment, urban renewal and infrastructure, Singh, in his first Independence Day address from the Red Fort, said, "These saat sutras (seven principles) are the pillars of the development bridge we must cross to ensure higher economic growth and more equitable social and economic development."

At the same time, he asserted that, "The challenge for economic reforms today is to breathe new life into government so that it can play a positive role where it must."

"The real challenge for me and for the government at all levels is the challenge of implementation of our stated policies and programmes," Singh said and quipped, "Today, I have no promises to make but I have promises to keep."

Emphasising that Central, State and local bodies had to work in tandem for government to be an effective instrument of development, he said the concern of most of citizens revolved around action on the front of agriculture, water, education, health and employment.

While committing to deploy most modern technology to improve lives of ordinary people, he said the government would improve broadband access and enable the required investment in IT infrastructure.

"The promotion of scientific temper must truly become a massive national movement," the Prime Minister asserted but pointed out that that a "concerted action" was needed to deal with two perennial albeit fundamental problems of drought and floods.

"Dealing with the problem of water is an important commitment we have made as part of our new deal for Rural India," he said.

This new deal must encompass investment in irrigation, credit deliver, availability of electricity, primary education, rural roads and modernisation of farm sector infrastructure, Singh added.

Taking a leaf from the National Common Minimum Programme, Singh said key progress in major infrastructure sectors like power, roads, railways, ports and airports would be "critical" to development.

Although committed to "widen the space" available for private enterprise and individual initiative in tune with economic reforms aimed at ending stranglehold of bureaucracy, he said governments could not be wished away, specially in developing countries like India where it had important role to play.

it must start with eradicating corruption from the system

taxes and media


Cafe Hayek analyzes the confusion, related to CBO's tax study, that has been reported by media and the candidates running for president.
It tells us nothing about what has actually happened to individuals at various income levels, nothing even about people in different quintiles. What the CBO did is take incomes in 2001, assume they grew at a constant rate and then estimated what would happen under the tax legislation that has occurred since then. The CBO did not take account of any changes in behavior. They did not take account of the recession or any actual reality that has occurred since 2001.

To say it another way, the CBO study could have been written in 2001 if we had known then which changes in the tax code would be enacted. It is a forecast. It may capture what has actually happened since 2001 or it may not.

So statements such as "the very top income categories fared better" or "the wealthiest 20 percent, whose incomes averaged $182,700 in 2001, saw their share of federal taxes drop" are fantasies unsupported by the study.

Of course the rich did get the bulk of the Bush tax cuts, if you define "bulk" as "saw the largest reduction in what their taxes would otherwise be." The rich pay the bulk of the income taxes (a fact noted in the New York Times study but often ignored in other accounts.) But the implications for tax burdens by class or after-tax incomes cannot and will not be known for another few years.

tablet apple


The Register reports Apple has filed for a patent for a tablet laptop:
Hints that Apple might be working on such a product emerged in 2003 when a source close to Taiwanese contract manufacturer Quanta claimed that the company had been hired by Apple to build what was dubbed a "wireless display".

The device is certainly a logical extension of what it's been doing with iTunes and AirPort Express. While its mini wireless access point is good for streaming audio from a host Mac to a hi-fi, it lacks a local control unit. It's tempting to view this latest design filing as the basis for just such a device.

measuring couch change


fast company has an article talking about the intagibles that are currently not accounted for in the gdp.
If you take intangible assets into account, annual productivity could rise 1-2%.

Erik Brynjolfsson, a professor at MIT's Sloan School of Management, has been leading a research to measure some of these intangibles.
It's the intangibles that slip through the cracks, say academics and business types racing to quantify the financial impact of organizational capital, business processes, and other abstractions. Output divided by unit of work time doesn't cut it when output is tough to fix and work time underrepresents the always-connected 50-hour workweek.

although these intangibles are arguably not scare resources. also these intangibles are easily imitable by other countries, which would reduce the value of these intangibles.

bush get hit out of the park


from daily kos:
It's bad enough he has to campaign in Virginia, supposedly solid Red territory. But then, he follows up with yet another "gaffe":
Bush also said high taxes on the rich are a failed strategy because "the really rich people figure out how to dodge taxes anyway."
Right... Obviously a notion from personal experience.

A Kerry guy in Virginia hit this softball out of the park:
Asked about that comment, Jonathan Beeton, spokesman for Kerry's campaign in Virginia, said "George Bush can speak with authority about really rich people. ... That's his base, so I'm sure he knows what he's talking about. But that doesn't make it right."