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Business Standard
a day ago
- Business
- Business Standard
Best of BS Opinion: Playing by instinct when the board is barely visible
It starts like a harmless game. Ludo on the floor, dice in hand, but the lights go out. You keep playing anyway, guessing your way forward, mistaking red for green, rolling sixes that don't save you, and sliding into traps you never saw coming. That's what global decision-making looks like currently: leaders and investors tossing dice in the dark, banking on instinct, memory, or bravado. No rulebook, no clarity. Just blind moves on a colourful board smeared by shadows. Let's dive in. Take Donald Trump's latest signal. He's willing to extend the July 9 trade deadline. But as our first editorial points out, that's not clarity, it's a dim torch in a fogged-up tent. Only the UK has reached a finalised deal. The US-China 'provisional' pact is laced with tariffs. Even the OECD's dim outlook shows that even with extended time on the clock, the players barely know where they're headed. Other nations, watching from the sidelines, now fear a post-deal spike in tariffs. The board's reset, but the fog remains. Meanwhile, silver is streaking ahead like a lucky pawn. With prices up 25 per cent this year after a 21 per cent jump in 2024, and Indian silver ETF assets surging 125 per cent, precious metals are gleaming in the dark. But as our second editorial cautions, even the brightest path can be a trap. The gold-silver ratio has crossed 90, far above its historic average, suggesting silver may be overvalued. Diversification, not dazzlement, is the safer move. T T Ram Mohan sees a more systemic risk hiding off the board. While everyone watches central banks, the real danger may be creeping through the Non-Bank Financial Institutions with hedge funds and private credit pools swelling with risk. US banks' exposure to these entities has tripled since 2010, and while post-2008 regulations offer some buffer, recent rollbacks of Basel III norms threaten to snap those threads. In a different arena of chaos, Ajay Kumar traces how information wars now run on stories, not stats. Operation Sindoor proves that falsehoods told with emotion sprint ahead of truth wrapped in spreadsheets. Misinformation thrives in echo chambers, while official fact-checkers, constrained by dull 'true/false' binaries, fall behind. In a game where the loudest lie wins, truth must learn to shout back in verse, not bullet points. And Neha Kirpal brings us a review of R.D. Karve: The Champion of Individual Liberty by Anant Deshmukh, a story of someone who rolled the dice when no one else dared. Karve was a sexologist, reformer, and rebel who talked about birth control and autonomy in 1920s India. His nudity-laced magazine Samaj Swasthya fought shame with science, facing bans and trials. Karve was ridiculed, but never silenced. Stay tuned!
Yahoo
06-05-2025
- General
- Yahoo
102-year-old WWII vet honored at Oklahoma State Capitol
OKLAHOMA CITY (KFOR) — He served his country with honor during WWII and now 102-year-old R.D. Lawrence, a former prisoner of war, has been honored with a medal that few Oklahomans ever get when he received the Oklahoma Cross of Valor Monday morning. 'When you get as old as I am, these things don't come easy,' Lawrence said laughing. RELATED STORY: How this Wakita, OK farmer earned France's Legion of Honor medal At 102 years young, however, Lawrence makes ordinary life look easy. The well deserved recognition for the Wakita native at the state capitol came in front of friends, family, including his three kids, and more when he received his medal. 'I didn't know my kids had that many friends,' he said. 'They all showed up.' In 2021, KFOR's Galen Culver highlighted Lawrence's time in the military after he received France's Legion of Honor medal. 'First to Africa then to Italy, Lawrence and his crew flew 37 bombing missions over Europe all with him in his unique vantage point,' Culver said at the time. 'I seen it all. We was lucky,' Lawrence said in 2021. Lawrence flew in the ball turret position in a B-17 flying fortress. He and his crew were shot down over Hungary on his 37th mission. All 10 of them survived the crash, but Lawrence was captured. As the tide of the war turned and the German's retreated, Lawrence was forced to march more than 500 miles between POW camps. Almost 80 years to the day he was liberated in May 1945, he's still going strong. It was a proud moment for his children. LOCAL NEWS: Oklahoma Company helps OKCPS Foundation support local students 'We're very grateful,' Lawrence's daughter Julie Gariss said standing next to her siblings, Leanna Turney and Dick Lawrence. 'I don't know that he thinks he deserves it, but he does it for everybody else that lost their lives.' 'He's my hero,' Turney said. No doubt, he's a hero to many more as well. 'This has been good and it hasn't been bad,' Lawrence said. The last time that medal was handed out was 1998. Lawrence is the last surviving member of his B-17 crew. He now lives and still does some work on his family's Wakita farm. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
