Roundup: US markets closed. London +0.08%, Germany +0.39%, France +0.22%. At pixel: Nikkei -0.13%, Hang Seng +0.13%
More and more experts are now not ruling out the rupee going back to 55 levels against the US dollar. (ET)
Bailout nation: Jharkhand, Andhra Pradesh and Bihar power distribution companies are getting a “special package”. And the government is close to finalizing a bailout package for road developers. (LiveMint, LiveMint)
Morgan Stanley survey: Most of the 105 pension funds, central banks, endowments, insurers and asset managers – with total assets under management of more than $1.6tn – intend to increase their exposure to emerging markets. (FT)
I thought rote-learning was an Indian thing. But it turns out its a world-wide epidemic. Schools in many of the Old World countries, and certainly in the European South, still prioritize memorizing over critical thought. These school systems were built at a time when information was scarce and valuable, and obtaining vast amounts of it through memorization, was a useful skill. And Universities had evolved to serve the needs of a different polity and economy: skilled professionals destined to work in highly structured societies. (HBR)
Good luck and have a nice weekend!