The content of the speeches themselves change, too. Modern last words tend to be more political, as illuminated by the passionate death-penalty debate in this country. During Prohibition, the condemned tended to blame their troubles on “liquor and bad women.” The largest shift, however, was the move from public to private executions behind prison walls. Those on the gallows, speaking to crowds, were in a very real way on a public stage. They would often offer advice, spiritual guidance—even sing hymns. Behind prison walls, in some states, the condemned could speak directly to their family or the family of their victims. These last words tend to be more plainspoken, more intimate, and people are addressed directly and by name. You don’t find much of that before 1930. … [Read more...] about The Exchange: Last Words
Effective exchange rate
Regarding a long-term outlook stretching up to 24 months, the dong is likely to remain on a gradual depreciatory trend against the dollar due to the dong’s persistent overvaluation and higher structural inflation in Vietnam versus the greenback. As such, the unit would potentially average VND23,650 per dollar in 2021. … [Read more...] about Dong to fall slightly against the dollar
The new rates have spread disquiet among senior executives in India. Executives with a taxable income of more than Rs 10 crore have employee stock options (ESOPs) as a significant part of their compensation. The increased rate not only impacts a higher tax outflow, but also reduces the take-home pay. … [Read more...] about Budget 2020: Should there be a rethink on super-rich tax?
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Budget 2020: ‘Market may have already priced in a fiscal slippage of 30 bps’
By R Venkataraman The opening lines of A Tale of Two Cities is most apt to summarize the state of the Indian stock market and the economy: The stock market that trades at highs is having the best of times whereas the faltering economic growth is facing the worst of times. It is the epoch of belief that Indian economy will hit the $5 trillion GDP mark and how it will get there is the epoch of incredulity. It is also the season of hope that worst is behind us and season of darkness, especially on various fronts like employment. And so on. During my recent travels and meetings with different types of investors and corporates of all sizes, the common question was: “Why is the market going up when the economy is struggling?” And in spite of Sensex ruling above the 40,000 mark and Nifty above 12,000, no one seems to be happy. In the past, such psychological levels have been celebrated by releasing balloons from top of stock exchanges and TV anchors coming out in their creative … [Read more...] about Rising markets, falling economy: Which indicator will reverse first?