The government’s decision to withdraw notes of Rs 500 and Rs 1,000 was intended to attack the black economy. A natural corollary to this was a likely hit to the real sector, which, for long, has been considered a refuge for unaccounted money. The trends so far suggest some immediate ... Read More »

litics is one of the few careers whose successful practitioners almost never pay a penalty for aging. A quarter of the U.S. senators serving currently are seventy or older. Among the Senate’s twenty women, twelve are sixty or above. Ronald Reagan’s folksy paternalism was part of his appeal. White-haired, seventy-four-year-old ... Read More »