aryanpope

http://articles.economictimes.indiatimes.com/2011-07-31/news/29835710_1_bs-yeddyurappa-mining-scam-bookanakere-siddalingappa-yeddyurappa
BANGALORE: Rocked by a spate of scams and in the wake of a damning indictment by a Lokayukta report on illegal mining, the 38-month tenure of Bookanakere Siddalingappa Yeddyurappa as chief minister of the first ever BJP government in the South came to an abrupt end on Sunday.
Sunday’s resignation brings the curtain down on the rule of Yeddyurappa whose term in office was marked by intermittent rebellion from his own party men seeking his ouster and opposition protests demanding his resignation over allegations of corruption, nepotism and favouritism.
An ardent RSS activist, Yeddyurappa dragged his feet over putting in his papers initially, but gave in to the diktat of the party high command, after it took a serious view of his defiance.
Credited with playing a pivotal role in installing the maiden BJP government in the South, Yeddyurappa began his innings on a controversial note facing huge public outcry for the police firing on farmers in Haveri, a north Karnataka district town, within ten days of assuming office in 2008.
Yeddyurappa faced a political coup staged by Bellary mining magnate G Janardhana Reddy in September 2009, after he ferried more than 60 BJP MLAs to Hyderabad and Goa seeking his ouster at a time when most parts of North Karnataka was devastated by floods following heavy rain.
The BJP h...

Sheila Bair, who served as Chairman of the Federal Deposit Insurance Corporation for five years through the financial crisis, has completed her term. In a weekend op-ed in theWashington Post, she urges America to rid itself of its addiction to financing consumption and “growth” with debt. This is the core requirement for America to become financially stable again and to return to “real” growth. From Bair’s Washington Post oped:
Now that I’m stepping down, I want to sound the alarm again. The common thread running through all the causes of our economic tumult is a pervasive and persistent insistence on favoring the short term over the long term, impulse over patience. We overvalue the quick return on investment and unduly discount the long-term consequences of that decision-making.
Our decades-long infatuation with financing our spending through ever-growing debt, in the private and public sector alike, is the ultimate manifestation of short-term thinking. And that thinking, particularly in business and in government, is actually getting worse, not better, as we look for solutions to put our economy on a sounder footing.
Will pension transparency shake muniland?
Joan Quigley of the Bond Buyer is reporting on how proposed guidelines to place unfunded pension liabilities alongside other liabilities has shaken up municipal governments. It’s really just a proposal to clean up balance sheets and get the real numbers out where people can underst...