DOCSLIB.ORG

How to Think Understatement Is the Hallmark of Says True Luxury, Vikas Oberoi ÜBER RICH CAN

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
How to Think Understatement Is the Hallmark of Says True Luxury, Vikas Oberoi ÜBER RICH CAN AADHAAR: HOW NILEKANI FINESSED THE SYSTEM RNI REG. NO. MAHENG/2009/28102 PRICE RS. 125. OCTOBER 18, 2013 FORBES INDIA The BEST THINGS MONEY CAN VOLUME 5 ISSUE 21 BUY How Cars INDIA Bikes To Private Jets OCTOBER 18, 2013 Gadgets Think Food Adventure Watches ÜBER Wine Whisky RICH and more... THE BEST THINGS MONEY CAN BUY Understatement is the hallmark of true luxury, says Vikas Oberoi www.forbesindia.com LETTER FROM THE EDITOR-IN-CHIEF Rich Is a State of Mind ahul Gandhi was perhaps on to something when he said some time back that poverty is a state of mind. What he did not elaborate R on was how this state of mind has become the guiding principle in Indian political discourse. Politicians love poverty, since it gives them endless opportunities to tax everybody and everything and focus on pork-barrel schemes to “alleviate” this condition. Sorry, we don’t buy this. We think it is glorious to be rich, especially when it is the result of our own eff orts. It is time to rekindle the spirit of human aspiration by changing our thinking. We should foster richness rather than poverty as a state of mind. It requires no genius to tell us that it is aspiration that creates growth and wealth. It is in the process of aspiring INDIA for something and making eff orts to meet our desires that we collectively end up pushing growth. In the process, we also pull everybody up to a better life. It is with this attitude in mind that we present this luxury special where we focus on The Best Things Money Can Buy, among other things. For what is the purpose of being rich if we can’t aspire for something? If we accept the reality that aspiration drives growth, higher aspiration should drive faster progress. Striving for the If we accept that best things in life creates a hierarchy of material and non- aspiration drives material needs that, ultimately, delivers a virtuous cycle growth, higher of continuing progress. But here’s the surprise: While aspiration should looking for luxury and richness, we found less vulgarity than we expected to fi nd. Even for those who can aff ord to drive faster progress spend and splurge on the priciest things in the world, the driving force is not just the desire to own things, but to be who they really are. As we said, rich is a state of mind. And while we are on the subject of richness and Best, wealth, this issue also brings you the Forbes 400—a listing of the wealthiest billionaires in the US, many of whom have joined Warren Buff ett in the Giving Pledge. The truly evolved Super Rich believe not R JAGANNATHAN only in splurging but also in giving it away. Editor-in-Chief, Forbes India [email protected] @TheJaggi OCTOBER 18, 2013 | FORBES INDIA | 5 Contents Volume 5 | Issue 21 | October 18, 2013 The BEST THINGS MONEY CAN BUY INDIA Features Not just vacations, ttheyhey are 118118 WristyWristy Business experiences The year’s best watches for THE BEST THINGS MONEY every personality CAN BUY 94 Food Fit For Kings 60 The Next Frontier The world’s most expensive, 122 The Indian Blue Despite a slow economy, novelty now in a restaurant near you Luxury fountain pens made in drives the Indian luxury segment India have caught the world’s fancy 98 Bottle Envy 70 To the Manor Born Beyond price and accessibility, 126 Left to His Own Devices To the Oberois, luxury is about emotions are attached to wines Personal technology makes having taste, not fl aunting it Vishal Gondal tick 100 Liquid Art 76 Arrival Lounge Real whisky is for the discerning; it 128 Keeping Ahead of Cool Buying a jet confi rms your status. takes a connoisseur to appreciate it Unconventional ‘toys’ for Next, you personalise it gadget geeks 104 In Pursuit of Simple Luxury 80 Wheels R Us For Ajai Bijli, luxury is a matter Cars that speak for you of simplicity and functionality 84 ‘No Car Is the Same 108 I Buy, Because as Another. That’s Luxury’ I Can Anil Reddi on selling a luxury Necessity has little brand to do with these rich baubles 86 Fast Forward Magnifi cent beasts on two wheels 114 Time Machine A brief history of 90 Ticket to Ride luxury timekeeping 18 | FORBES INDIA | OCTOBER 18, 2013 Contents 70 46 Mr Unique: Nandan Nilekani 132 The Really, Really Turbulent Times Good Life The nominees for 2013 Five luxe homes, and the thought behind them 140 The Forbes 400 A billion dollars is not REAL ISSUE INDenoughIA to make it to the list 46 Past the Tipping Point any more Despite its detractors, Aadhaar is now too big 160 Billionaires and to fail Well-Grounded Heirs How do the super rich avoid FORBES INDIA raising spoilt brats? LEADERSHIP AWARDS The High Life: Vikas Oberoi 138 Leadership in 160 Upfront TROPHY HOMES 40 Living Large Where do America’s rich set up homes? COLUMN 42 Once China Catches Up—What Then? China will still need to send its children to US colleges 44 Simple, but Not Easy How to identify a neglected fi rm Regulars Subscriber Service: To subscribe, change address or enquire about other customer WE VALUE YOUR FEEDBACK. services, please contact: FORBES INDIA, Subscription Cell, C/o Digital 18 Media Ltd, Empire Write to us at: Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Tel: 91-22-40019873 / [email protected] 26 Letters 4001 9874. Fax- 022-24910804 (Mon – Friday: 10 am - 6 pm) SMS FORBES to 51818 Letters may be edited for brevity. Email: [email protected], Read us online at www.forbesindia.com 28 Check-in To subscribe, visit www.forbesindia.com/subscription/ To advertise, visit www.forbesindia.com/advertise/ Cover Photographs by 166 Thoughts Toranj Kayvon for Forbes India Vikas Oberoi: Toranj Kayvon for Forbes India; Nadan Nilekani: Mallikarjun Katakol for Forbes India; Michael Prince for Forbes for Forbes India; Michael Prince for Forbes India; Nadan Nilekani: Mallikarjun Katakol Kayvon for Vikas Oberoi: Toranj 20 | FORBES INDIA | OCTOBER 18, 2013 www.forbesindia.com Magazine Upfront Features Life Daily Sabbatical Multimedia Blogs News Lists INDIA http://forbesindia.com/blog/ MUST-READ BLOGS http://facebook.com/forbesindia/ Tales of a Ghanaian FACEBOOK FANS in Botswana After its independence in We have added 20,000 fans over 1966, Botswana the last fortnight. The buzz is discovered growing. Have you ‘Liked’ us yet? diamonds in the 90,088 early 1970s and became wealthy overnight League Tables are Everyone grumbles about the Over Rated. Then Why poor quality of labour, but Do We Pay So Much only a handful have invested Attention to Them?IND signifi cantlyIA in skill training In education, none of the things that actually matter Why Smart Phones can be captured by league Need Smarter tables. League tables only Applications measure quantifi able things As mobile applications development environment Hope for a Skilled gets more sophisticated, India... Finally! developers need richer Most companies in India capabilities to shoulder play lip service to training. greater responsibilities http://forbesindia.com/multimedia/audio/1 FORBES INDIA Podcasts Now Available on iPad THE NEXT YOGESH FRONTIER MAHANSARIA’S Download the SECOND Forbes India App By Abhilasha COMING Khaitan By Ashish K Mishra http://forbesindia.com/thedailysabbatical/ Is There Life After an MBA? You have many expectations when you opt for an DAILY SABBATICAL Why Unqualified MBA. Ten years hence, it looks different. An INSEAD Candidates Get case study throws light on career successes and Hired Anyway personal fulfi llment levels of the MBA class of 2002 Why do businesses evaluate candidates solely on past job performance, failing to Should You Build, Analysis: consider the present job’s Borrow or Buy? Reputational diffi culty? Why do university Companies that become Risk in the admissions offi cers focus viable in the long run Supply Chain on high GPAs, discounting are the ones that build Firms seeking to avoid infl uence of easy grading the ability to have supply chain issues tend standards? Francesca Gino a portfolio of build/ to come up with the and colleagues investigate borrow/buy activities wisest strategies 22 | FORBES INDIA | OCTOBER 18, 2013 Founder & Editor, Network18: Group CEO, Network 18 & Director Operations, Network18 & Raghav Bahl Publisher, Forbes India: COO IBN Lokmat: Sanjay Sharma President & Editorial Director, TV18: B Sai Kumar Operations Director & CTO Senthil Chengalvarayan Broadcast: Piyush Gupta Group COO, Network 18 : Editor-in-Chief: R Jagannathan Ajay Chacko FORBES MEDIA LLC Managing Editor: Sourav Majumdar CEO, Forbes India: Gurmeet Singh Chairman & Editor-in-Chief: Steve Forbes Design Director: Anjan Das ADVERTISING SALES President & CEO: Mike Perlis Director-Online & Events: Senior Vice Presidents: Chief Product Officer: Deepak Ajwani Vishal Srivastava Lewis D Vorkin Maulik Thakkar, Kumar P, CEO / Asia: William Adamopoulos Editor (Features & Special Projects): Manavdeep Singh, S Shivakumar, Editor, Forbes Asia: Tim Ferguson Abhilasha Khaitan Fardeen Sayeed, Niraj Ladia, Editor (ForbesLife India Nitya Sharma, Atishay Singh, & Social Media): Peter Griffin Jaskaran Gulati, Preetika Mehta, Senior Editor: Seema Singh Mansi Shah, Sahil Menghani, Views & opinions expressed in this Rashmi Nath, Vibhor Nigam, Senior Associate Editor: magazine are not necessarily those of Cuckoo Paul Prashant Shirke & Kumar Kamble Digital18 Media Limited (Digital18), its Contributing Editor: publisher and/or editors. We (at Digital Mitu Jayashankar EVENTS 18) do our best to verify the informa- Events Head : Alpana Gulati tion published, but do not take any Consulting Editor: responsibility for the absolute accuracy Sumana Mukherjee Shriram Narayanmurthy, Girish Sharma, Sajjan Sharma of the information. Digital18 does not accept responsibility for any investment Editor (Markets And Finance): or other decision taken by readers on the Pravin Palande DISTRIBUTION basis of information provided herein.
Load more

Recommended publications
  • SOUTHEAST REGION CUMULATIVE GIVING Gifts As of January 13, 2021
    SOUTHEAST REGION CUMULATIVE GIVING Gifts as of January 13, 2021 The Museum’s Southeast Regional Office serves Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, South Carolina, Tennessee, Texas, Puerto Rico, and the US Virgin Islands. By inscribing the names of donors in perpetuity on the Museum’s walls, we recognize the generosity of individuals, families, corporations, and foundations in the southeast region that have made cumulative gifts above $50,000. Their donations were vital to the Museum’s creation and continue to sustain the Museum’s ability to acquire artifacts, develop new exhibitions, undertake scholarly research, and provide vital programming. GIFTS OF $30 MILLION OR MORE GIFTS OF $1 MILLION OR MORE Bernard Aptaker* Madlyn and Leonard Abramson Eric F. and Lore Ross* Anonymous Ted* and Lin Arison GIFTS OF $6 MILLION OR MORE David and Betty-Jean Bavar Deanie and Jay Stein Norman and Irma Braman Dorothy and Maurice* Bucksbaum GIFTS OF $5 MILLION OR MORE Rhoda and David* Chase Anne and Isidore Falk Charitable Foundation The Coca-Cola Company Sidney and Kyra Ferenc GIFTS OF $4 MILLION OR MORE Max M.* and Marjorie S. Fisher Planethood Foundation, Inc. Estate of Carl L. Glassberg Sylvia Greenberg GIFTS OF $3 MILLION OR MORE Murray H. and Joan M. Goodman Dennis Schuman Living Trust Nathan and Sophia Gumenick* Joseph Gurwin Family Foundation GIFTS OF $2 MILLION OR MORE Konover South Development Corporation Charles S. Ackerman* Murray Koppelman Anonymous Ann Wolk Krouse and Paul C. Krouse* Howard L. and Judie Ganek Mr. and Mrs. Robert Patron, and Marcia Patron* Estate of Andrew Harper Julie Peyton Jack and Barbara Kay* Pearl Resnick* Bernie and Doris Marcus Marcus and Ann Rosenberg Foundation Carl and Ruth Shapiro Family Foundation Irving and Helen* Schneider Fern and Manfred Steinfeld Family Richard Schwartz John and Janet Swanson Mickey and Karen Shapiro Elizabeth G.
    [Show full text]
  • Marxist Crisis Theory and the Severity of the Current Economic Crisis
    Marxist Crisis Theory and the Severity of the Current Economic Crisis By David M. Kotz Department of Economics Thompson Hall University of Massachusetts Amherst Amherst, MA 01003, U.S.A. December, 2009 Email Address: [email protected] This paper was presented on a panel on "Heterodox Analyses of the Current Economic Crisis" sponsored by the Union for Radical Political Economics at the Allied Social Science Associations annual convention, Atlanta, January 4, 2010. Research Assistance was provided by Ann Werboff. It is a revised version of a paper "The Final Crisis: What Can Cause a System-Threatening Crisis of Capitalism," Science & Society 74(3), July 2010. Marxist Crisis Theory and the Current Crisis, December, 2009 1 The theory of economic crisis has long occupied an important place in Marxist theory. One reason is the belief that a severe economic crisis can play a key role in the supersession of capitalism and the transition to socialism. Some early Marxist writers sought to develop a breakdown theory of economic crisis, in which an absolute barrier is identified to the reproduction of capitalism.1 However, one need not follow such a mechanistic approach to regard economic crisis as central to the problem of transition to socialism. It seems highly plausible that a severe and long-lasting crisis of accumulation would create conditions that are potentially favorable for a transition, although such a crisis is no guarantee of that outcome.2 Marxist analysts generally agree that capitalism produces two qualitatively different kinds of economic crisis. One is the periodic business cycle recession, which is resolved after a relatively short period by the normal mechanisms of a capitalist economy, although since World War II government monetary and fiscal policy have often been employed to speed the end of the recession.
    [Show full text]
  • Trend Uporabe Sodobnih Oborožitvenih Sistemov V Oboroženih Silah: Primerjalna in Kvantitativna Analiza
    UNIVERZA V LJUBLJANI FAKULTETA ZA DRUŽBENE VEDE Anja Kolak Trend uporabe sodobnih oborožitvenih sistemov v oboroženih silah: primerjalna in kvantitativna analiza Magistrsko delo Ljubljana, 2016 UNIVERZA V LJUBLJANI FAKULTETA ZA DRUŽBENE VEDE Anja Kolak Mentor: izr. prof. dr. Iztok Prezelj Somentor: doc. dr. Erik Kopač Trend uporabe sodobnih oborožitvenih sistemov v oboroženih silah: primerjalna in kvantitativna analiza Magistrsko delo Ljubljana, 2016 2 POVZETEK Trend uporabe sodobnih oborožitvenih sistemov v oboroženih silah: primerjalna in kvantitativna analiza V industrijski in postindustrijski dobi je razvoj znanosti in tehnološki napredek, zlasti izjemen napredek informacijsko-komunikacijske tehnologije, vplival na različna področja in s tem povzročil velike spremembe v gospodarstvu, industriji in družbi. Oborožene sile pri tem niso izjema. Razvoj in ekspanzija sodobnih tehnologij predvsem na področju robotike, biologije, nanotehnologije, računalniških procesorjev in kibernetike vplivata na zmogljivosti sodobnih oborožitvenih sistemov in posledično na zmogljivosti oboroženih sil. Nove tehnologije so omogočile večjo premičnost in hitrost vojaških enot, večji obseg izvajanja bojnih nalog in zmogljivejše oborožitvene sisteme. Sodobno vojskovanje temelji na zmogljivih oborožitvenih sistemih, komunikacijskih in informacijskih sistemih, obveščevalnih sistemih ter sistemih vodenja in poveljevanja.Več kot dve desetletji poteka razprava o spremenjeni paradigmi vojskovanja, zato se upravičeno lahko vprašamo, ali smo bili oziroma smo priča običajnim
    [Show full text]
  • 2015 FOX Fall Forum
    2015 FOX Fall Forum FOX 100 Resource Center A Roundup of Leading Industry Knowledge amily Office Exchange (FOX) is pleased to present this year’s F selection of articles, reports and white papers devoted to the issues of most concern to wealth owners and family office executives globally. To assist in locating information of particular interest, Resource Center material once again is grouped by subject area: • Trusts, Tax and Estate Planning Page 2 • Security, Technology, Family Office Page 4 and Lifestyle Issues • Family Matters (Legacy Planning) Page 9 • Investment Page 11 • Family Office Issues Page 17 Soon after the conclusion of the Fall Forum unless noted as “print only” all Resource Center material will be available at: https://www.familyoffice.com/learning-events/forums/2015-fox-100 Presented in the Grand Foyer Lobby, JW Marriott 1 2015 FOX Fall Forum TRUSTS, TAX AND ESTATE APPLICATION OF THE 2-PERCENT FLOOR TO TRUST AND ESTATE EXPENSES PLANNING McGladrey LLP Though the IRS issued the final regulations for INBOUND WEALTH PLANNING FOR THE section 67 in May 2014 to require the GLOBAL FAMILY unbundling of a fiduciary's integrated fee, Northern Trust corporate fiduciaries and tax planners continue Determining exactly whose income, gains and to struggle with designing and implementing assets is subject to the U.S. Federal tax system procedures to ensure that the directive is is a daunting inquiry that requires a properly accounted for on returns during the comprehensive approach without shortcuts. upcoming tax filing season. And, just when the general rules of international tax principles under the Internal Revenue Code While most corporate fiduciaries have moved on (the Code) and related treasury regulations have to the task of applying the regulations to their been reviewed and applied, an applicable trusts and estates, some commentators still international tax treaty or a new tax law can contend that the regulations misinterpret the change everything.
    [Show full text]
  • Corporate Initiative for Space Tourism
    UNIVERSITY OF LJUBLJANA FACULTY OF ECONOMICS MASTER’S THESIS “OUT OF THIS WORLD” BUSINESS: CORPORATE INITIATIVE FOR SPACE TOURISM Ljubljana, March 2014 JAN KRIŠTOF RAMOVŠ AUTHORSHIP STATEMENT The undersigned Jan K. Ramovš, a student at the University of Ljubljana, Faculty of Economics, (hereafter: FELU), declare that I am the author of the master’s thesis entitled “Out Of This World” Business: Corporate Initiative for Space Tourism, written under supervision of Prof. Dr. Metka Tekavčič. In accordance with the Copyright and Related Rights Act (Official Gazette of the Republic of Slovenia, Nr. 21/1995 with changes and amendments) I allow the text of my master’s thesis to be published on the FELU website. I further declare the text of my master’s thesis to be based on the results of my own research; the text of my master’s thesis to be language-edited and technically in adherence with the FELU’s Technical Guidelines for Written Works which means that I o cited and / or quoted works and opinions of other authors in my master’s thesis in accordance with the FELU’s Technical Guidelines for Written Works and o obtained (and referred to in my master’s thesis) all the necessary permits to use the works of other authors which are entirely (in written or graphical form) used in my text; to be aware of the fact that plagiarism (in written or graphical form) is a criminal offence and can be prosecuted in accordance with the Criminal Code (Official Gazette of the Republic of Slovenia, Nr. 55/2008 with changes and amendments); to be aware of the consequences a proven plagiarism charge based on the submitted master’s thesis could have for my status at the FELU in accordance with the relevant FELU Rules on Master’s Thesis.
    [Show full text]
  • Non-Paywalled
    Wringing the Most Good Out of a FACEBOOK FORTUNE SAN FRANCISCO itting behind a laptop affixed with a decal of a child reaching for an GIVING apple, an illustration from Shel Silverstein’s The Giving Tree, Cari Tuna quips about endowing a Tuna Room in the Bass Library at Yale Univer- sity, her alma mater. But it’s unlikely any of the fortune that she and her husband, Face- By MEGAN O’NEIL Sbook co-founder Dustin Moskovitz, command — estimated by Forbes at more than $9 billion — will ever be used to name a building. Five years after they signed the Giving Pledge, the youngest on the list of billionaires promising to donate half of their wealth, the couple is embarking on what will start at double-digit millions of dollars in giving to an eclectic range of causes, from overhauling the criminal-justice system to minimizing the potential risks from advanced artificial intelligence. To figure out where to give, they created the Open Philanthropy Project, which uses academic research, among other things, to identify high-poten- tial, overlooked funding opportunities. Ms. Tuna, a former Wall Street Journal reporter, hopes the approach will influence other wealthy donors in Silicon The youngest Valley and beyond who, like her, seek the biggest possible returns for their philanthropic dollars. Already, a co-founder of Instagram and his spouse have made a $750,000 signers of the commitment to support the project. What’s more, Ms. Tuna and those working alongside her at the Open Philanthropy Project are documenting every step online — sometimes in Giving Pledge are eyebrow-raising detail — for the world to follow along.
    [Show full text]
  • November 15, 2016
    NBER WORKING PAPER SERIES TIME-INCONSISTENT CHARITABLE GIVING James Andreoni Marta Serra-Garcia Working Paper 22824 http://www.nber.org/papers/w22824 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 November 2016 We are grateful to Menusch Khadjavi, David Reiley, Charlie Sprenger, and Bertil Tungodden for very helpful comments. This research was conducted under IRB #140762. We would like to thank the National Science Foundation, grant SES-1427355, the Science of Philanthropy Initiative, the John Templeton Foundation, and internal funds from UCSD for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2016 by James Andreoni and Marta Serra-Garcia. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Time-Inconsistent Charitable Giving James Andreoni and Marta Serra-Garcia NBER Working Paper No. 22824 November 2016 JEL No. C91,D64,D9 ABSTRACT This paper examines the interaction between moral contradictions and time in charitable giving. Applying a simple theoretical framework to two longitudinal experiments with actual charitable donations, we show that moral contradictions become the source of a new kind of time inconsistency linked to a demand for flexibility, rather than the more typical demand for commitment. This kind of time inconsistency coexists with the opposite of kind of time inconsistency arising from temptation to give, which is exhibited by a substantial minority of individuals.
    [Show full text]
  • A Sundance Audience Award Winner FUEL AWARDS “Robert Redford Said That ‘FUEL’ Has an Important Message and That Sundance Was the Place to Launch It
    Presents A Sundance Audience Award Winner FUEL AWARDS “Robert Redford said that ‘FUEL’ has an important message and that Sundance was the place to launch it. We love this film.” Geoff Gilmore - Sundance Film Festival TELLURIDE MOUNTAIN BEVERLY HILLS PACIFIC PALISADES SEATTLE INT’L MAUI JACKSON HOLE BERGEN ZURICH STOCKHOLM- FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION SANTA FE DOWNTOWN JERUSALEM WOODS HOLE GREEN SCREENS SUSTAINABLE PLANET IDFA ECO FOCUS ST LOUIS FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL FILM FESTIVAL OFFICIAL SELECTION FILM FESTIVAL OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION OFFICIAL SELECTION The film won awards at the following: • Sundance Film Festival: Audience Award for Best Documentary • Sedona Film Festival: Best Screenwriting • Sedona Film Festival: Most Compelling Documentary • AFI Dallas Film Festival: Current Energy Environmental Award • GAIA Film Festival: Audience Award for Best Documentary • Santa Cruz Film Festival: Producer’s Award • IVCA Clarion Award: for Corporate Social Responsibility A partial festival list of which FUEL is an Official Selection: • Cancun Film Festival • Jerusalem Film Festival • Green Screens
    [Show full text]
  • BEST U.S. COLLEGES–AND the ONES to AVOID/Pg.82 RNI REG
    BEST U.S. COLLEGES–AND THE ONES TO AVOID/Pg.82 RNI REG. NO. MAHENG/2009/28102 INDIA PRICEPRICE RSRS. 100100. AUGUST 2323, 2013 FORBES INDIA INDEPENDENCESpecial Issue Day VOLUME 5 ISSUE 17 TIME TO Pg.37 INDIA AUGUST 23, 2013 BRE A K INDEPENDENCE DAY SPECIAL FREThe boundaries of E economic, political and individual freedom need to be extended www.forbesindia.com LETTER FROM THE EDITOR-IN-CHIEF Towards Greater Freedom or a country that became politically free in 1947 and took a stab at economic freedom in 1991, the script in 2013 could not have been worse: An economy going downhill, a currency into free fall, and a widespread Ffeeling of despondency and frustration. A more full-blooded embrace of markets should have brought corruption down and increased competition for the benefi t of customers and citizens alike. But that was not the path we took over the last decade. An expanding pie should have provided adequate resources for off ering safety nets to the really poor even while leaving enough with the exchequer to fund public goods. But India is currently eating the seedcorn of future growth with mindless social spending. Corruption has scaled new heights, politicians have been found hand-in-glove with businessmen to hijack state resources for private ends, and a weakened state is opting for even harsher laws and an INDIA ever-expanding system of unaff ordable doles to maintain itself in power. Politicians have raided the treasury for private purposes, and businessmen fi nd more profi t in rent-seeking behaviour than in competing fairly in the marketplace.
    [Show full text]
  • Pritzker Family Pledges $10 Million to Maintain Access for Needy Chicago Students by MONIQUE JOHNSON
    Summer 2010 Pritzker Family Pledges $10 Million to Maintain Access for Needy Chicago Students BY MONIQUE JOHNSON The Pritzker family of Chicago, founders of the Hyatt hotel group, has pledged $10 million to help Chicago-area students who attend Stanford. The university will use the gift to create a scholarship fund dedicated to supporting students from the Chicago region who come to the university with considerable financial need. The gift is timely. As families struggle with the impact of the recession, the need for financial aid has grown. Nearly half of Stanford undergraduates now depend on scholarships from the university, up from 40 percent prior to the recession. And while the university’s financial aid budget has doubled in the last five years, endowment losses have sharply reduced available resources. In fact, the university currently faces a significant shortfall between scholarship endowment funding and student need. The Pritzker Scholars Fund will help close that gap by providing an infusion of support to cover a portion of the financial aid typically awarded to needy students from Chicago. The gift represents a key commitment to the university’s redoubled scholarship fundraising efforts. The Stanford Challenge goal for endowed scholarships now sits at $300 million—three times the target at the outset of the campaign. “Our family believes firmly in the transformative value of higher education,” says Penny Pritzker, JD/MBA ’84, a Chicago business executive. “Scholarships are a powerful way to level the playing field for promising students with financial need. It’s our way of giving back to the community by inspiring Chicago students to reach their highest potential.” Currently, one-third of the 90-plus undergraduate students from the Chicago region who receive need-based aid from Stanford are from families earning less than $60,000 a year—qualifying them for full support under the university’s financial aid program.
    [Show full text]
  • Gender Match and the Gender Gap in Venture Capital Financing: Evidence from Shark Tank
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Jetter, Michael; Stockley, Kieran Working Paper Gender Match and the Gender Gap in Venture Capital Financing: Evidence from Shark Tank IZA Discussion Papers, No. 14069 Provided in Cooperation with: IZA – Institute of Labor Economics Suggested Citation: Jetter, Michael; Stockley, Kieran (2021) : Gender Match and the Gender Gap in Venture Capital Financing: Evidence from Shark Tank, IZA Discussion Papers, No. 14069, Institute of Labor Economics (IZA), Bonn This Version is available at: http://hdl.handle.net/10419/232821 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu DISCUSSION PAPER SERIES IZA DP No. 14069 Gender Match and the Gender Gap in Venture Capital Financing: Evidence from Shark Tank Michael Jetter Kieran Stockley JANUARY 2021 DISCUSSION PAPER SERIES IZA DP No.
    [Show full text]
  • March 2020 from the Editor
    MARCH 2020 FROM THE EDITOR: A visionary leader or a company that has contributed to or had a notable impact on the society is known as a game changer. India is a land of such game changers where a few modern Indians have had a major impact on India's development through their actions. These modern Indians have been behind creating a major impact on the nation's growth story. The ones, who make things happen, prove their mettle in current time and space and are highly SHILPA GUPTA skilled to face the adversities, are the true leaders. DIRECTOR, WBR Corp These Modern India's Game Changers and leaders have proactively contributed to their respective industries and society at large. While these game changers are creating new paradigms and opportunities for the growth of the nation, they often face a plethora of challenges like lack To read this issue online, visit: of funds and skilled resources, ineffective strategies, non- globalindianleadersandbrands.com acceptance, and so on. WBR Corp Locations Despite these challenges these leaders have moved beyond traditional models to find innovative solutions to UK solve the issues faced by them. Undoubtedly these Indian WBR CORP UK LIMITED 3rd Floor 207 Regent Street, maestros have touched the lives of millions of people London, Greater London, and have been forever keen on exploring beyond what United Kingdom, is possible and expected. These leaders understand and W1B 3HH address the unstated needs of the nation making them +44 - 7440 593451 the ultimate Modern India's Game Changers. They create better, faster and economical ways to do things and do INDIA them more effectively and this issue is a tribute to all the WBR CORP INDIA D142A Second Floor, contributors to the success of our great nation.
    [Show full text]