Sunday, January 25, 2015

President Obama in India

++You have to envy President Obama for escaping from the Beltway madness. He became the first American President to attend India's Independence Day where he poured water on the tree planted over the ashes of Mahatma Gandhi.

++But would we really be thrilled by a "breakthrough" on the nuclear deal with India? First, the United States was concerned about what happens with then nuclear materials. Fine. But second, companies were concerned about their liability before they were to invest. The whole deals boils down to trade opportunities for Westinghouse and General Electric and India satisfied their concerns.

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