WSJ: “I reminded graduates: Over the past four years, you’ve learned how to learn. You don’t have to know exactly what’s next—you just have to be willing to learn new skills and tools, and to try new things.”
Business Standard: “Corporate India’s revenue growth underperforms GDP expansion again…The combined revenues of BS1000 companies grew by 6.4 per cent in FY25 against 9.8 per cent growth in GDP at current prices.”
Indian Express: “QS Rankings: Over the past decade, IITs Bombay and Delhi, and Indian Institute of Science (IISc) Bangalore, have stood in the top three positions among Indian institutions.”
FT: “Ten years after the signing of the Paris climate accord, demand for coal shows no sign of peaking…“Coal is like the Energizer bunny, it just keeps going,” says Glen Peters, a senior researcher at the Cicero Center for International Climate Research. “All the models agree strongly that coal has to go out first, and fastest,” to curb global warming, he adds. Comparing what “should” have happened with coal with what has actually happened shows that “it is completely divergent”, he says. “This is a big unanswered question. Why has coal kept going?” Today the world burns nearly double the amount of coal that it did in 2000 — and four times the amount it did in 1950. Every minute of every day, 16,700 tonnes of coal are excavated from the ground — enough to fill seven Olympic swimming pools.”
Andy Kessler: “Hayek pounds home the point that markets are about price discovery. Wealth creation “is determined not by objective physical facts known to any one mind but by the separate, differing, information of millions, which is precipitated in prices that serve to guide further decisions.” Catch that? By buying and selling in free markets to determine prices, you and I, and “millions who are connected only by signals resulting from long and infinitely ramified chains of trade,” drive the economy. We do it better than the self-selecting know-it-all-but-really-know-nothing blowhard intelligentsia. Hayek writes, “One’s initial surprise at finding that intelligent people tend to be socialists diminishes when one realizes that, of course, intelligent people will tend to overvalue intelligence.” Hayek rips these government meddlers: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.””
