Latest news with #HubrisMaximus:TheShatteringof
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Business Standard
a day ago
- Business
- Business Standard
Best of BS Opinion: Fix the infection first, not just the surface symptoms
You can keep changing the bandage, but if the wound is festering, the rot spreads deeper. That's the thing about patchwork solutions, they cover up the mess, but they don't fix it. In policymaking, in industry, even in the stories we tell ourselves, surface-level corrections often distract from foundational decay. The balm of a scheme, a reform, a big bet, none of it works if the root cause stays untouched. You can't fast-forward progress while sidestepping the infection underneath. Let's dive in. Take India's celebrated decline in poverty, from 27.1 per cent in 2011-12 to 5.3 per cent today under the World Bank's updated benchmark. On the surface, this is a healing wound. But as our first editorial argues, the data hides gaps: rural-urban disparities, outdated metrics, and the government's continued reliance on global estimates. Without India defining its own poverty benchmarks and conducting regular evaluations, targeted policy becomes guesswork, just more gauze over a still-bleeding wound. Similarly, reforms in India's Special Economic Zones (SEZs) offer a modern dressing for a decades-old failure. As our second editorial explains, relaxing land and sourcing rules aims to attract semiconductor manufacturing, but the structural issues persist: fractured ecosystems, poor infrastructure, and policy inertia. Without fixing these systemic flaws or passing crucial legislation like the shelved DESH Bill, SEZs will keep limping along, all bandage, no cure. That same ecosystem blind spot haunts India's critical minerals strategy. Laveesh Bhandari highlights how mismatched timelines between mining, processing, and manufacturing create market failure. The solution? Not just easing regulations but syncing the entire value chain. Because speeding up one link while others lag doesn't heal the system, it just transfers the stress. In entertainment, too, deeper shifts are happening. Vanita Kohli-Khandekar tracks the rise of regional OTT platforms. While profitable, these players succeed not through cosmetic tweaks but by deeply understanding their local audiences, proof that sustainable growth demands tailored, embedded strategy, not surface-level scale chasing. And in Hubris Maximus: The Shattering of Elon Musk, Prosenjit Datta reviews Faiz Siddiqui's take on Elon Musk, a man constantly in crisis, yet always rebooting. But even Musk may find that without true introspection, you can only bandage over chaos for so long before it infects the empire you've built. Stay tuned!
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Business Standard
a day ago
- Business Standard
Hubris Maximus: Pride, prejudices, and the nine lives of Elon Musk
How Elon Musk continues to emerge unscathed despite his most outrageous tweets and pronouncements Prosenjit Datta Listen to This Article Hubris Maximus: The Shattering of Elon Musk by Faiz Siddiqui Published by HarperCollins 268 pages ₹599 Elon Musk's life and business shenanigans make for highly readable books. Apart from becoming staggeringly rich — and at one point the world's richest man — he is eccentric, utterly arrogant, super confident in his own abilities, extremely inconsistent and, finally, given to impulsive decisions. He has built a legion of followers who swear by him and are willing to go to war against his perceived enemies after a single post by him on X (earlier Twitter). His personal life and beliefs are even more colourful.
Washington Post
18-04-2025
- Business
- Washington Post
Live updates: Trump administration takes to world stage as immigration issues fester at home
Secretary of State Marco Rubio said Friday that President Donald Trump is ready to 'move on' from peace talks between Russia and Ukraine soon if progress isn't made. Rubio and Trump envoy Steve Witkoff are in Paris for the negotiations. Vice President JD Vance is also in Europe, where he is scheduled to meet with Italian Prime Minister Giorgia Meloni to kick off a three-day Rome visit before heading to India. Domestically, the administration's immigration policies remain in the spotlight after an appeals court excoriated the government Thursday for its defiance of a federal judge's orders in the case of a man who was wrongly deported to a Salvadoran prison. That man, Kilmar Abrego García, met with Sen. Chris Van Hollen (D-Maryland) in El Salvador hours after the ruling, and after the lawmaker had been rebuffed in previous attempts to check on Abrego García. The following is an edited excerpt from the book 'Hubris Maximus: The Shattering of Elon Musk,' which will be released April 22. The Consumer Financial Protection Bureau on Thursday moved to fire more than 1,000 of its remaining employees, according to two people familiar with the matter, despite a court order barring the Trump administration from terminating employees at the watchdog agency except for cause related to their individual performance. In a legal battle with escalating tensions, the U.S. Court of Appeals for the 4th Circuit on Thursday excoriated the Trump administration for its defiance of a federal judge's orders that it show how it is facilitating the return of Kilmar Abrego García, a Maryland man who was illegally deported to a notorious prison in El Salvador.
