#Economic Times

[indizombie]

More than 80% of India's merchandise trade with Europe and the United States would normally take place via the Red Sea. India exports roughly $8 billion of merchandise to Europe a month and more than $6 billion a month to the United States. Textiles, engineering goods - which comprise steel, machinery and industrial parts - as well as gems and jewellery are India's biggest sectors exporting to those regions. Re-routing via the Cape of Good Hope has meant ships sailing from India will often need an extra 15-20 days before reaching destinations in Europe, greatly increasing costs. For example, shipping a container to Britain now costs around $4,000 compared to $600 before the Red Sea crisis, Ashok Kajaria, chairman at Kajaria Ceramics told an analysts' call last month.

‘India's small exporters reel as Red Sea crisis helps rivals nab business’, Economic Times

#Economic Times #India #Red Sea #Ashok Kajaria #Cape of Good Hope #merchandise trade #Europe #United States #Kajaria Ceramics

[dreaminginthedeepsouth]

[From Financial Times :: h/t Scott Horton]

* * * *

A funeral for magical thinking:  It is impossible to regain our sense of pragmatism?

The Tories have found their own Jeremy Corbyn.  

Ed Luce:  The entirely foreseeable calamity of Trussonomics — the new by-word, named after Liz Truss, for people who do not know what they are doing — finds strong echoes among American conservatives. Our politics have been plagued for years by the curse of magical thinking — promises that bear no relation to any realistic ability to deliver; extravagant lies that cater to some felt need for self-delusion; gullibility dressed up as hard-nosed “taking back control”. 

Conservatism in the largest English-speaking democracies is locked in a race over which of them can find rock bottom more quickly. For the moment, the UK is in the lead. Apparently City traders have taken to calling sterling “shitcoin”, which says it all. I fear America’s Trump-contagion variety will have something to say about that in the coming months. My question to Swampians, which I will also try to answer, is whether our democracies can learn from the disastrous consequences of magical thinking. Or are we too screwed up as societies to regain that habit of pragmatism for which we were once fabled? Rana, it goes without saying that I am also posing this question to you.

It is impossible to answer it without examining how we reached this pretty pass. The conditions for Anglo-American populism were crystallised in the 2008 global financial crisis. It was really just a western meltdown (China and India kept growing and were relatively unscathed). In fact its main culprits were from the anglosphere. Nothing enrages people more than the wealthy and well-connected being bailed out while the rest are left to struggle. As fate would have it, the job of cleaning the mess fell to centre-left governments on both sides of Atlantic — Gordon Brown’s Labour and Barack Obama’s young administration. The centre-left thus got branded with the recklessness that triggered the crisis and suffered most from its bad-tempered aftermath. One of the casualties of 2008 was “expertise” — the idea that people with degrees in economics or MBAs knew what they were doing. 

The Chicago School’s efficient market hypothesis has a lot to answer for.

In an accountable world, you would largely blame the right for the market fundamentalism that had become dominant since the 1980s. But it was the right that benefited politically from the 2008 fallout. The countercyclical stimulus that helped restart growth was delivered by the left. We then had six years of procyclical austerity from 2010 to 2016 in which the beleaguered middle classes bore the brunt of the fiscal tightening brought about by the Tea Party Republicans in the US, and David Cameron’s Conservative government in the UK. Again, it was the right that perversely reaped the gains from the rage and insecurity that resulted. But it was a different kind of right to what we grew up with. The twin shocks of Brexit and Trump’s election in 2016 were the high water mark of magical thinking. At least I hope they were.

Opinion polls in Britain show rising regret over Brexit — “regrexit”, as some call it. Of course, it’s too late to re-enter the European Union, and would be politically very hard to pull off. But it’s a sign that people are digesting lessons from that notorious referendum. Keir Starmer’s Labour party also has a 30-point lead over the Conservatives, which reinforces that point. That would never have happened under Jeremy Corbyn.

#political #economics #history #Economic Times #Ed Luce

[kotharijewellers]

Kothari Jewellers' 50% Stake Acquisition in Nilkanth Dia Jewels Spotlighted in Economic Times!

We are delighted to share that Kothari Jewellers (https://kotharijewellers.com/) has achieved a significant milestone by acquiring a 50% stake in Nilkanth Dia Jewels. This exciting news has been featured in an article by the prestigious Economic Times, underscoring our commitment to excellence and growth in the world of diamond jewelry. Read all about our monumental partnership, as featured in the esteemed Economic Times.

#kotharijewellers #kotharisjewellers #diamondjewelry #economic times

[biglisbonnews]

A global stock trader’s guide to navigating food inflation An index tracking total returns from select agricultural producers has outperformed the broader MCSI World Index by about three percentage points since the start of July, data compiled by Bloomberg show. The industry has outperformed as a gauge of food commodity prices posted its biggest gain in 16 months last month https://economictimes.indiatimes.com/markets/stocks/news/a-global-stock-traders-guide-to-navigating-food-inflation/articleshow/102868721.cms

#Economic Times

[jingle-jangle-spurs]

Robert House watching The Courier rip all the copper wiring out the walls of the Lucky 38

#omw to sell it as scrap at Mick and Ralph’s #or for the gun runners maybe #oc: wesson-smith kelly #he’s awful he’s the worst he’s my little pookie bear #no time to listen to your plans or views on social economics #need money to loose at the slot machines #you bet the wrong horse in this race #no main quest side tasks only #I am in your walls stealing your loft insulation #do not talk to me #crime time 😎 #all bundled up in the backseat of The Highwayman #the custom license place says $CAM1IN #fallout new vegas #fallout #courier six #courier 6 #Robert house #fallout memes #fallout nv memes #fallout nv #so many tags #babygirl why are we talking about philosophy #no helgian dialects here I’m about to send ghoulies to the moon #exploding house with my mind #my courier is the worst I love him I hate him I would not let him in my house #fallout new vegas memes

[tilakverma]

#siddharth mehta ilfs #siddharth mehta #ilfs #Economic Times #news #siddharthmehtailfs #siddharth #mehta #tumpik #tumblog #tumbir #tumral

[chawsl]

It was already prophesied in the bible.

#klaus schwab #wef #world economic forum #dystopia #the great reset #covid 19 #666 #end times #devil #satan #God #Antichrist #revelation #Jesus

[spielzeugkaiser]

I truly believe if Geralt got to be around baby Milek he would be such a giant worrywart like he's so fragile! and tiny!! Jaskier just laughing at him in the bg as Geralt is both enamored and fretting

Haha, you are absolutely right!! Geralt can't deal and Jaskiers heart is ready to burst, even if he has to laugh.

#geraskier #jaskier #geralt of rivia #the witcher #geraskier lovechild #the witcher netflix #look at him he can't deal bless him #in all honesty #I think Geralt would be massively overwhelmed in a quiet way #but also a dad who STEPS UP #if he gets over the stage of 'oh no I gotta safe them from this lifestyle' #and maybe a period of time where he thinks the only support he can truly give is economical #he'll be a WONDERFUL dad #if a bit overwhelmed because baby tiny #how to hold baby #baby did a little squeak is everything alright???

[familyabolisher]

highly fucking egregious to claim that antisemitic attacks happening in europe are the fault of an antizionism that somehow hasn't toed the line enough around jews and not the total equivalency of jews & zionism that remains central to hasbara & the broader zionist ideological project. it is well within the interests of israel for the diaspora to be rendered unlivable for us

#.txt #also tbqh i don't care very much about shuls in the west being 'vandalised' w/ pro-palestine messaging #our shuls are active ideological + economic participants in zionism 99.99% of the time

[indizombie]

The Red Sea crisis comes only a few years after the COVID-19 pandemic when freight rates soared as supply chains snarled and demand for goods jumped. India's small exporters have also since been hit by weakening demand for their goods as Western economies grapple with high inflation levels. "This is one of the worst times for many garment exporters," said Nitin Seth, chief operating officer at Pratibha Syntex, an Indore-based garment manufacturer. "If this situation persists, at least one-fifth of small exporters could resort to job cuts," he said. Other exporters in India's textile industry - which directly employs 45 million people and indirectly another 15 million - said they were worried that they could soon lose business to Turkey's clothing industry. "Turkey, a major competitor for India's textiles exports in Europe, poses a big risk to small exporters due to its locational advantage," said Ajay Sahai, director general of the Federation of Indian Export Organisations.

‘India's small exporters reel as Red Sea crisis helps rivals nab business’, Economic Times

#Economic Times #India #Red Sea #Pratibha Syntex #Nitin Seth #Turkey #Ajay Sahai #Federation of Indian Export Organisations

[phenakistoskope]

remember, the inauguration of the ram temple isn't a mere matter of hindu religious grandstanding, it is also an event to signal investment opportunities for the further development of the neoliberal economy.

sure, the official story says that the temple was built from donations gathered from hindus and inexplicable well-wishers across the economic spectrum (the fundraising for this was notably, extremely threatening), but this is most likely a smokescreen for a complicated series of economic maneuvers carried out by the bjp, rss, vhp, and allied organisations.

we already know that the temple itself was built by the multi-national construction agency larsen and toubro, which really lays precedent for the exact form of investment this “development project” and its peripheral projects seek funding from, and to whom the profits accrued will go.

#i will look into this more when i have time #sorry for using the economic times as a source #phenakistoskope.txt

[ashotasfireandasdeepastheocean1]

Bethlehem Pastor Rev. Munther Isaac:

.

#the economic times #jesus christ were born today he'd be born in Gaza's rubble #israel's genocide #netanyahu a criminal of war #free palestine #Youtube

[universeberrigarden]

I swear this is how it feels to hear Kevin’s voice at the start of episodes

#welcome to night vale #wtnv #kevin wtnv #desert bluffs #and it was just about economic issues this time #smiling god is dead i guess #not for long even if it is #love kevin though #(even if cecil refuses to) #art #fan art

[pratchettquotes]

"You are smirking at me, Moist!"

No, I've frozen because I've just heard what my mouth said, Moist thought. I don't have a clue, I've just got some random thoughts. It's...

"It's about desert islands," he said. "And why this city isn't one."

"And that's it?"

Moist rubbed his forehead. "Miss Cripslock, Miss Cripslock...this morning I got up with nothing in mind but to seriously make headway with the paperwork and maybe lick the problem of that special 25p Cabbage Green stamp. You know, the one that'll grow into a cabbage if you plant it? How can you expect me to come up with a new fiscal initiative by teatime?"

"All right, but--"

"It'll take me at least until breakfast."

Terry Pratchett, Making Money

#moist von lipwig #sacharissa cripslock #making money #discworld #internal dialogue #money #economics #stamps #post office #banking #entrepreneur #con man #improvisation #deadline #tea time #external processor #some random thoughts #the special 25p cabbage green stamp

[tilakverma]

#siddharth mehta il&fs #siddharth mehta #il&fs #siddharthmehtailfs #siddharthmehta #economic times #tumblr post #tumblr #tumblog #tumbgir