mind × the + gap ™

[Above: Mahatma Gandhi sharing a light moment with his granddaughters. source: Enc. Britannica ] [Gandhi's] words struck me so forcibly that there and then I committed myself to attempt to make a film about Mahatma Gandhi - a commitment that changed the subsequent twenty years of my life. -- Richard Attenborough, in his introduction to the book - The Words of Gandhi Today, Jan 30, 2009 is the 61st anniversary of Bapu's demise. Update: Added Mahatma's speech on spirituality recorded by BBC at Kingsley Hall, London in Oct 1931 (~5:20 min.). See also: Go here for works of Gandhi at Project Gutenberg. Go here for Gandhi's speech at BBC.co.uk.

SOME OF THE INTERESTING GRAPHICS recently found at certain online sources, two of which are real and one is creative. [Stock prices of three of the UK's largest banks bite dust. The most hit is Fred's RBS , which was eroded close to Zero pence. source: Economist.com ] [Three talk-of-the-doom-town financial phenomena: Long Tail , Tipping Point , and the Black Swan . source: Longtail.com ] [Fall of capitalism and the *new* United States by c.2010 (Or, apparently, Divided States?). source: WSJ.com ]

The ideation finally found a worthy digital label, an anchor, a domain name. mind × the + gap claims MindGap.in . [Above: the image *tries* to appear before the image is created through this post; as in Chicken & Egg ; though theoretically it would require an infinite super-imposing of images, the way the rendering Mandelbrot algorithms goes for a Fractal imagery .] Welcome! See also: Go here for MindGap.in

ONLY A COUPLE OF MONTHS AGO, THE (SO CALLED) LEADERSHIP of the stalwarts from the land of the birth of modern finance and capitalism, namely the money streets of London, seem to show the way to the world, yet again. Leading economists from across the Atlantic cried to pay attention to the novel strategy through which the Britons claimed to wager a turnaround of the global financial crisis: by partnering the financial institutes and banks, not just bailing them out. Today, Reuters shows the data declaring that Britain is officially under recession [See Right. Source: Reuters.com] . Now, there doesn't seem to be a consensus on why this happened in spite of all that happened. Nobody seems to be knowing what's going on, where it came from, taking us where. And apparently, Taleb would be having a laugh. But loosing Sterling suddenly could be much harder than the steady weakening US Dollar - it would probably mean that the hedge would become the target; cover is blown. When George W....

TALKING ABOUT VARIOUS DATA MODELLING TRENDS, my experimental twitter footprint from the microblogsphere over the past 30 days of tweeting shows something like this. Apparently, the patterns show (at least) three trends-of-the-month, if you like: Nassim Nicholas Taleb has been influential ("tbs") A lot of gratitude-filled human interaction took place ("thanks") Cricket was largely ignored (or any sports for that matter) Overall, the positive vibes (:-), interesting, sure, lol, okay, good, ...) clearly outweighed the strains (in spite of having long and stretched work days). Surely, this would have its contributions towards the real-time positive attitude index which tracks people's moods within the twitter system. See also: Go here to get your own Wordle from your twitter-feed via TweetStats.com.

THE WEBSITE IS LOADED with a lot of caveats and disclaimers. That gets me thinking if they mean more fun than business..? After putting this blog through their "Analyzer" the results came back naming me to be a "Mechanic" and showed a brain-map claiming to indicate the areas of my brain that are supposedly activated while blogging these posts. Interesting it may seem, I suppose I would take this simply on a lighter note (in any case, this blog is deliberately focused in certain areas by specifically shoving certain ideas. So, there it goes!). On the other hand it was surely fun to put some of my friends' blogs through Typealyzer (without their knowing) and to find funny details about them..! They most likely would be getting some pointy tweets now :-) The analysis goes on describing the personality traits as follows: The Mechanics: The independent and problem-solving type. They are especially attuned to the demands of the moment are masters of responding to ch...

ONE OF THE MOST REVIVING EXPERIENCE OF THE MONTH was to get the feeds from The Boston Globe's The Big picture compilation for 2008. These high-quality pictures capturing real life events from across the world left many spellbound. Whilst we live in this age of information overdose, and when "sensationalization" by every possible news breaker/baker blunts the senses of amazement in a normal mind, this photo-documentary of the time that we just lived past aroused mixed feelings. Joys & sorrows, triumphs & trials, trusts & traumas: through these vivid pictures of selected events captured within this three-part series of 40 each, I came to be reminded that we hardly seem to live away from the pairs of opposites. Following are just a couple of them that I randomly selected without applying any thoughts (for I would want you to enjoy at all of them). [Kenyan athletes during the 2008 Summer Olympics. Courtesy: Boston.com ] 2008 was here. Edit: When I came back to t...

RECESSION, DEPRESSION, TERRORISM AND TERMINATIONS are rife. Someone said, we live in interesting times. And that makes me wonder about the difference between 'desperate' and 'interesting'. The recent data shows that Beer consumption worldwide is on the rise , and the entertainment industry is all set to launch one mega project after another. Re-session!? On the same lines, Scott Thill of Wired magazine reports interviewing Gotham Chopra who is a part of the management team at Los Angeles-based Liquid Comics. Liquid Comics is in the process of re-telling the nearly 500 centuries old Indian (Indic?) story of Ramayana as it would be set in 3392 CE. In other words, their project is to transport a tale through six millennia. [Above: An artists rendition of the "Future" Ramayan where Lord Ram (the hero) is being carried on the shoulders of Hanuman (best supporting cast).] And who knows, if the warmongerism under the shadow of terrorism (or the other way around!) ...

JOHN DE MOL TOOK THE OLD PRISON CONCEPT of confinement, absorbed its mentality, attached psychological strings, created a manipulative environment, introduced conflicting personalities into it, televised it via mass media, commercialised it by asking people to pay by "voting", and produced through Endemol one of the most popular reality TV shows "Big Brother". While the producers claim that the show is not scripted, it surely remains a prompted show. The show now runs to various international formats in nearly 35 host countries, and is broadcast to more than 100. The central concept of the show is that one is always being watched all the time so far as one is within the premise of the designated Big Brother house . You can run, but you can't hide. Expand this premise to cover the whole world, and we get close to the Google GeoEye project. On September 6, 2008, the world's most-accurate commercial imaging satellite, the GeoEye-1 was blasted off into the spac...

THE DEAL.COM HAS THIS USEFUL illustration explaining at a high-level chain of events leading to the current US financial crisis. The editor chose to describe it as chain-of-fools: [Above: TheDeal.com illustration of chain-of-events leading to the US Financial crisis.] The TIME MAGAZINE for this week features "Depression 2.0" through the following front-page across all editions worldwide. As the cover-story, economist Niall Ferguson narrates why it may not happen: [Above: A B&W photo of depression-era Free soup line in the U.S. featuring as the cover page of 13 Oct 2008 issue of the Time mag.] Update: Embedded this interesting video on the (simplified) explanation on "Crisis of Credit". The Crisis of Credit Visualized from Jonathan Jarvis . See also: Related article: Sub-prime Crisis for Dummies . Go here for WIRED.COM version of "economic explanations [of the crisis] even we could understand" targeted towards the techie community....

HERE IS AN HONEST STATEMENT OF ALL by Kedrosky and so I found an echo in his words below - especially the last line: I pity [US] taxpayers wandering into the credit crisis story at this point. It is absurdly complex, and centers on a subject that most people neither care about nor understand. And the last time they looked in they were told this was about subprime and housing, which it no longer is -- at least not in large part. Instead, it is a costly and complex saga involving the unwinding of global credit markets, overlaid with debt syndication, new derivatives, the collapse of the investment banking business, the changing nature of leverage, flawed risk models, structured finance, greed, the housing bacchanalia, savings, paranoia about prior credit crises, and the paradox of thrift. Don't forget, of course, populist political pandering in an election year. Is it any wonder that most of even the most well-intentioned commentary on the current crisis sounds clueless, unhelpful an...

THIS APPARENTLY IS A GREAT START OF THE WEEKEND: watching this very interesting and equally famous clips by Michael Wesch, Prof. of Cultural Anthropology at Kansas State University. [Above: this 5 minute clip is about ‘Web 2.0’, but it in fact narrates how IT works today, and has got integrated into social human lives. Apparently, this is also food for thought for the next business transformation endeavour...] The 33 year old highly tech savvy Anthropologist also has this another great short clip on the same subject, this time on Information R/evolution - here on YouTube. [Go here for Michael Wesch's personal pages on Kansas State Uni website.] [Go here for the first clip about Web2.0 on YouTube.]

THE 158 YEARS OLD INVESTMENT BANK FROM THE WALL ST. was finally 'allowed' to go bankrupt by the Federal Govt. By one observation time was against Lehman on two accounts - plenty as well as too short: on one hand, time was too short for them to find a suitable buyer and thus save filing for bankruptcy protection; on the other hand, their stakeholders were considered to have sufficient time to make appropriate arrangements and were thus considered fit to fend for themselves (and go bankrupt... Unlike in the case of Bear Stearns which was prevented from going bankrupt by being 'purchased' by JP Morgan and thus its stakeholders were rather spared). It is not perhaps how large Lehman is and the impact it would generate; the real point to ponder is - is it the first is line? and, who would be next? Also, is the market at large really ready for a new phase of consolidation? What is with the rumors of BofA and Merrill Lynch merger? And while there is enough flux in motion, opi...

THE EDITORIALS FROM THE LAST WEEK'S EDITION OF THE ECONOMIST declared that with respect to the Presidential election in the US, Republican Sen. McCain is almost tied with his Democratic contender Sen. Barack Obama on most opinion polls - something that was deemed inconceivable just a month ago. And add to that the enormous popularity - almost a jackpot for the Republicans, if you like - that the Republican Veep nominee, "the 'hot' Governor from the cold state", Gov. Sarah Palin garnered at the National Republic Convention early this week virtually pumped a fresh breath of life into the 2008 US Presidential race. Siting the issue as McCain's George Bush problem and the need to distance himself from the incumbent President, the editorial goes on to conclude that "he sounds increasing like Bush III; [the American public] prefer McCain I".

REGULAR BLOGGERS USE TAG-CLOUDS, and the sincere ones use them wisely. Whilst on one hand the tags help organise and categorise the posts and thoughts therein, they also help the author not to stray too much away (a cluttered tag-cloud is most likely an apparent symptom of this) from the topics and interests the blog is intended for and targeted towards in the first place. On the other hand, the blog posts are made up in real language using real words that make up the composition by the author. And since the author has his/her own style with grammar and sentence construction, it forms a pattern or trend of words used to produce those thoughts marked under the given tags. Wordle.net offers this beautiful applet utility that instantly creates a "word-cloud" by consuming your blog feed. Taking it one step further, one can then match this world cloud with the tag cloud of the blog, and make interesting inferences. [Above: Word-cloud from the recent posts of this blog by Wordle.ne...

IT TAKES YEARS TO SHED SECONDS OFF RECORD TIMINGS, and that has been the order of all major sports event, especially the Olympics Games. "Faster, Higher, Stronger" (Latin: Citius, Altius, Fortius ) is the motto of the Olympics events, and whilst it absolutely lives up to that expectations, the bar thus raised however poses faster, higher and stronger challenges to the human capacities; every single time. (Mr. Ketan J. Patel, founder and head of the Strategic Group at Goldman Sachs, in this very interesting book "The Master Strategist" published earlier this year provides a very interesting analysis and analogy on the topic of such a human endeavour where Patel observes that we indeed live in the age of extremes.) Usain "Lightening" Bolt of Jamaica is clearly my hero of the 2008 Summer Olympics games at Beijing, as with many others. Here is an athlete in what is called a championship form - with spirit exuberant that "no one can beat me today" -...

PHILIP J. PURCELL, FORMER CEO AND CHAIRMAN OF MORGAN STANLEY, proposed the big five lessons for bankers coming out of the current Sub-prime crisis of the US. For the record, during Mr. Purcell's tenure as CEO at Morgan Stanley for eight years the firm attained following milestones at the close of 2004: #1 in global equity trading #1 in global equity underwriting in 2004 for first time since 1982 #1 global IPO market share in 2004 #2 in global debt underwriting in 2004, with steady gains since late '90s #2 in completed global M&A in 2004 Mr. Purcell resigned from Morgan Stanley in 2005, and has since founded a private equity firm called Continental Investors LLC. Following are the 'lessons' that he recently discussed through an article in FT: i) profits matter more than revenues ( sales ) ii) compensation should be based on profits, margins and return on equity over time, not current year revenues iii) leverage works not just on the upside but on the downside as we...

FOR THE FIRST TIME EVER IN THE HISTORY OF MODERN INDIA as well as modern Olympics, the Indian National Anthem was sounded for the podium Gold position in an individual event. A moment of pride for any Indian national/origin anywhere. The German media person standing nearby the Indian supporters' stand at Beijing Shooting Range Hall was as perplexed as the Indians themselves. The German was stumped for his lack of knowledge of India never making it to the Gold in the history of the nation or the games; the Indians were stumped and elated of course because their shooter finally made it! It is perhaps the best gift that India ever received from a peaceful sports event thus far. Abhinav Bindra , the 26 year old businessman from Chandigarh, an MBA from USA and CEO of his own video-game company, at his third Olympics appearance aimed a near perfect bullseye in 10m Air Rifle event and brought India home with its first Gold in an individual event at the Olympics - classic or modern. And wh...

ONE OF THE MOST MESMERIZING EXPERIENCES OF RECENT TIMES, the live performance of the opening ceremony of the 29th modern Olympics at Beijing surpassed all expectations. Even the foreign correspondence who have been in Beijing since a few months, measuring the air-quality, spying, and commenting on the build-up, and covering the unveiling of the Olympics, in spite of having stolen away a video footage from the rehearsals a week ago, were neither aware of nor prepared for the enthralling experience of the pinnacle event - lighting of the Olympics torch... [Above: Li Ning "walks" on the walls, with the backdrop of video panels on the edge of the roof of Bird's Nest , on his way to light the 29th Modern Olympics torch at Beijing on August 8th, 2008 at 08.08pm CST. Here is this footage on YouTube. ] Unquestionably, China has arrived. Hello World! As they say, well began is half done... And going by the analyst reposts , I suppose the icing on the cake for them would be the c...

THE CLOUD OF SUB-PRIME CRISIS JUST GOT HEAVIER, DARKER AND LARGER. The New York Times reported that the Federal Government may assume direct control of the two of the biggest mortgage-finance companies in the US to bail them out: Fannie Mae and Freddie Mac. These two have nearly 45% of mortgage market share between them, and could potentially tank about USD 5 trillion if they go down. On the other hand, the bail-out of this magnitude might blow away credibility of USD, and imperilling the Fed budget. [Left: Nose-dive - from USD 70 per share last year to USD 9 per share. source: Reuters.com] There is a sense of politics being involved since the NYT report of "nationalization" came out earlier this week. This further took a large chip off the share prices of both and the decline continued for the whole week in spite of confident building reports from the promoters. Fannie Mae's stock, for one, has lost most of its value, swooning from peaks around $70 in August 2007 to the...