What’s common between Bernanake and Chidambaram? Both are academician learning on the job at the cost of poor and middle class
Kiran Chaube
Apr. 21, 2008

US Federal reserve Chief Bernanke and Indian Finance Minister Chidambaram are center of controversies. Both come from top notch schools, both are academicians with little ‘street’ experiences. Both are responsible for creating economic messes in their own coutry while learning ‘street smarts’ on the job. The Left front India is after Chidambaram for creating hyperinflation in India. Democrats are not ready to leave Bernanke or his predecessor Greenspan alone if the economy does not turn around soon.

The CPI-M hit out at Finance Minister P Chidambaram's reported statement that the culture of violence was affecting investment in Kerala, saying he should take lessons from the price rise and correct his economic policies.

There are sever criticism of Bernanke the way he allowed JP Morgan Chase to make money at the cost of Bear Sterns demise. He is also criticized for rate hikes last year when he failed to understand the problems in the economy.

Both these academicians are learning real economics for the first time. But while their hands on lesson is going on common people in America and India are suffering.

What’s common between Bernanake and Chidambaram? Both are academician learning on the job at the cost of poor and middle class
Kiran Chaube
US Federal reserve Chief Bernanke and Indian Finance Minister Chidambaram are center of controversies. Both come from top notch schools, both are academicians with little ‘street’ experiences.
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Sensex ends up at 16,480 – what’s next?
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Sensex moved in a range of 174 points between 16,397 (low) and 16,571 (high) before finally settling (provisional) with a gain of 235 points at 16,480.
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It is sad that the economic academician turned into politician PM Manmohan Singh failed to realize the global inflation for more than a year and took no action to check its impact on Indian economy.
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Indian economy is poised for a major slowdown as the consumers and the Government struggle against the hyperinflation.
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India in superpower mode - announces duty-free tariff preference scheme for the world’s 50 least developed countries including 34 African countries
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India shows its financial might by taking leadership role in the developing world. India announced duty-free tariff preference scheme for the world’s 50 least developed countries including 34 African countries.
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