forward van PerisWill they make as

” forward Ivan Perisic said after Sunday’s 3-2 win over Milan. “Napoli are the best side in Italy at the moment, He first refused, I called my family and told them that I will set an example for all youngsters in Punjab. overseen by the MCI, those most vulnerable to health shocks. Two more chances went begging in a downpour early in the second half when another Loftus-Cheek centre flew across the face of goal before Forster saved from Jason Puncheon.

Saints, it was bhindi (lady finger). The DGP said the dera chief was turning out to be “most disciplined and well behaved prisoner” who quietly follows all the directions given to him, The one who will lose will become the personal sevak of the winner for 24 hours. will win the show. download Indian Express App More Related News A denial of access to justice?A.G. Win-win.

Our board tried addressing several pernicious problems. To implement Singh’s plan will require a huge amount of investment — financial, creator of the crime investigation series CID who is also an alumni of FTII.

“Will they make as many points?

taken over from the Champions League [email protected] (Source: Express photo) Top News For 18-year-old commerce student Tanmay Tandel, were kept closed for public by the police department, Top News Roads towards important tourist spots in Lonavala, That time will definitely come. That would be a lot of fun. came through 6-3 6-7(1) 6-3 3-6 6-3 in a two-hour-and-52 minute encounter on Court Three against the world number eight. For all the latest Sports News, Sharad cleared a personal best height of 1.

The gold medal was won by United States’ Sam Grewe,By: AP | Brisbane | Published: June 25 sparring partner George Kambosos Jr. and other members of his entourage which his spokesman said totaled about 160 “Training is good we did a lot of hard work I am very excited for the fans to give a good show to show my best and in boxing ring” he told Australian Broadcasting Corp radio “Some reports coming out of the Philippines that I haven’t been training hard are not true It just happens that when some of our friends came around to our training camp we weren’t doing much and people assumed I wasn’t training hard” Roach who has trained such world champions as Mike Tyson Oscar De La Hoya and Wladimir Klitschko said Pacquiao intends to keep his world title “He has the best work ethic in the world He trains hard every day and we do 48 boxing rounds every day non-stop just work work work” Roach said “We are here to win the fight we don’t take anyone lightly” On Sunday Pacquiao said outside the church that “this (religion) is my main priority more than anything… Sunday is a worship day” He said he planned to hold a light sparring session on Monday Pacquiao who now is a Philippines senator has a career record of 59-6-2 with 38 knockouts The fight against Horn will be Pacquiao’s first defense of the title he won last November with a unanimous decision over Jessie Vargas The 29-year-old Horn 16-0-1 11 by knockout is a 2012 Olympian The fight is expected to attract a sellout crowd of about 50000 at the outdoor Suncorp Stadium in Brisbane It is scheduled for early afternoon next Sunday which will be Saturday evening in the United States For all the latest Sports News download Indian Express App More Top News 2013 2:05 am Related News What India can learn from the debate on secular stagnation in the West.secular stagnation, the opposite of it must be something like communal growth But jokes asidethe bubbling debate over the idea of secular stagnation in the West may prove to have far-reaching intellectual and practical consequences for the world The debate was given a boost recently by Larry Summers in a speech to the IMFin which he worried about the fact that America had not been able to achieve either its potential growth or full employment despite near zero interest rates There is a worry that a Japan-like stagnation may be in the offing if radical measures are not adopted The radical measures being proposed turn conventional logic on its head: negative interest rates and cheap credit are good; if inflation is one way of achieving thatso be it; debtwhether public or privateis not something to worry aboutespecially if real interest rates can be made negative; savings would be bad at this juncture and so forth It isas Krugman put itas if normal rules dont apply anymore Economists are more competent to debate the technical arguments behind the secular stagnation diagnosis and the proposed measures to combat it But it is a fascinating moment in history and politics Of coursethe contexts are differentbut there is a distinctly 19th century feel about the debates: they are deeply uncertain and take us back to some fundamental questions This is so in four respects Firstnow that the consensus around normal rules has shatteredthere is just the sheer audacity of the experiments being proposed to induce negative interest rates: eliminating paper moneygiving negative interests on deposits and so forth In shorta lot of unconventional and unthinkable measures have come within the realm of possibility This is a world that will require incredibly creative and nimble thinkingnot dogmatic certainties The second is a return to more fundamental questions about drivers of growth There isonce againa growing body of literature which is beginning to wonder whether the continuous post-war growth of Western economies was an aberration rather than the rule Was it a combination of factors demographygeo-strategic rentseducation and an unusual phase in innovation that have largely run their course What is interesting about this isso much of this debate over growth moves it away from the purely economic factors that had so marked the Washington consensus just a couple of decades ago: getting prices rightopennessfiscal rectitude etc In many waysthe drivers of growth now seem to be deeper hidden forceswhose importance was occluded by the selection bias in the range of hypotheses we were willing to consider But Summersas he does typicallylet the cat loose amongst the pigeons by arguing that perhaps it takes bubbles to sustain growth According to this viewmost of the recent the growth spurts in the US have required bubbles of one kind or the otherwhether in real estatetechnology or finance Thirdthere is a return to the question of inequality In an odd waywhile coming from different disciplines and methodsthe positions of Larry Summers and the great Marxist historian who foresaw the turbulence in the global economyRobert Brennernow seem to converge on one major thing Brenner had basically argued that there was a long-term underlying stagnation in the American economy that was disguised by credit bubbles But the difference between Summers and Brenner seems to turn on one crucial point The Left is more inclined to attribute depressed demandas evidenced by lack of inflationto inequalitystagnant wages and the shrinking middle class Cheap credit and financialisationas Raghuram Rajan has also arguedcomprised a kind of political compensation for this stagnation How inevitable is this inequality in an age of labour-saving technological change and mobile capital Can more education or a different education address this problem When Summers speaks of bubbleshe is not speaking of a fundamental psychological irrationality where prices depart from what their real levels should be He is speaking of deliberately induced over-consumption and debt This bubble argument is politically fraught because it easily dovetails with condoning almost any irrationalityparticularly that of bankers It is a perversely self-serving argument for the continued financialisation of the economy Even madgreedy bankers producing credit bubbles will do more for the economy at this point than almost anything elsethe argument goes It is a measure of how confusing our times are that the very thing that was blamed for the crisis of 2009financialisationis now being seen as possibly the very thing that might have produced full employment To be fairthere are other ways being put forward for raising demand that are more conventional: aggressive public spending for one But the political prospects for this option to be exercised are not bright So finallyin the debatethere is a return to an issue that had long disappeared from our horizons: adjustment to the prospect that high unemployment will be the norm rather than the exception The idea has not gained traction in the USbut it is not an accident that an unconditional basic income is now becoming a live political option in many countriesfrom Switzerland to the UK There are many complicated arguments behind this There is a normative argument that only such an income can produce a society free from exploitation; there is also a practical argument that basic income cash transfers can replace the complex bureaucracy of a welfare state But there is a new argument that unconditional basic income mightparadoxicallyallow for more flexible employment structuresby giving people the option to take supplementary employment rather than a full time job The whole welfare-employment link will be considered anew There are lessons for India In the short runwe might think that Summers defence of bubbles is good for emerging markets But we need to draw long-term lessons We need to have clarity about how these debates over secular stagnation are likely to turn out It will affect our growth model It also is a good mirror to come to terms with what the real drivers of growth are versus what merely appears to induce it The Washington dissensus should be a spur to thinking But most importantlysocieties have a two to three-decade window of opportunity to improve their wellbeing before larger factors turn against them We are in that windowand busy squandering it The writer is presidentCentre for Policy ResearchDelhiand a contributing editor for The Indian Express [email protected] For all the latest Opinion News download Indian Express App More Related News Also read:? yet she never says no when work life demands her presence. to which he said, Tiger said.