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Wooing HQ2 ? Yuk !

If you are an American, here's a a nice issue to distract you from your fixation about you know who and direct your attention to a different issue you can get all worked up about. Witness each city falling over each other and doing the most stupid of things to land HQ2. Tucson Arizona, where one of the readers of this blog lives ,  uprooted a 21ft cactus and tried to deliver it to HQ1. The mayor of Kansas City actually bought one thousand items from the company in HQ1 and wrote a review of each one of them. Mayors of cities are looking silly in videos that they have made asking Alexa where HQ2 is going to come up and Alexa answering of course, the city they are mayors of. Shall I go on ? If you are wondering what all this hullaballoo is  about, this is all to do with attracting Amazon's second head office. Amazon is based in Seattle (this is HQ1). They want to create a HQ2 somewhere else. And why are cities willing to stand in a line and kiss Bezos' ass (cue the nod to the ...
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Buy Property - Gangnam Style

Remember Psy and the megahit video Gangnam style ?  Yeah, I know, two years is the equivalent of a full Jurassic Age in pop music circles, but still ..... While you were trying to prance about like a horse, did you wonder what Gangnam style really meant ?? Gangnam is actually a suburb in Seoul, inhabited by the mighty and wealthy. The song was a parody of the lifestyles of those mighty men and women. Today Gangnam district came back into the news, with a property deal that raised my eyebrows so much that they vanished into my hairline (such as it is !). A 79,000 sq metre plot was up for sale. Thirteen bidders emerged, including two of Korea's biggest corporations , Hyundai and Samsung. Hyundai won it ; apparently they want to build their corporate headquarters there. The price tag ? A cool $ 10 bn. If you do the math , that is $126,000 per sq mtr. Or if you are an Indian, preferring ancient British metrics, Rs 7.6 lakhs per sq ft !!! What sort of a crazy world do we live in where ...
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The poor state of business journalism

If you clicked on Business News from the US on Google, here's a sample of the news items that are featured Woman seen berating flight attendant on viral video now placed on leave Most KFCs in UK remain closed because of chicken shortage Fight over man's flatulence forces flight to make emergency landing McDonald's customer left "devastated" after £1.59 mozzarella stick 'was hollow with no cheese inside' Business news has become a reality show. Where are the many important economic issues facing the world ? Where is the reasoned debate ? I had hoped that the dry area of economics and business would be the last to succumb to trivialisation and  sensationalisation. Alas, it has already fallen. Take the case of the Nirav Modi - Punjab National Bank fraud that has hit the headlines in India. It is a massive fraud and yet try as I might,  and despite the millions of words written and aired on this (the favourite word is scam - in India everything is a scam), I ...
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