Saturday, December 19, 2015

Tuesday, November 24, 2015

Unstoppable Jonah Lomu Dead at 40

I am no Rugby fan. I don't even know the rules of the game. I think there are two halves just like in football. The only thing I know about this sport is Jonah Lomu. And that too because he seemed to be on the front page of every major newspaper at one point in time. He had a rugby ball safely tucked between one hand and his chest. The other hand was probably busy getting an opponent out his way. While he was trying not to step on another one he had knocked down half a second earlier. It was an impressive sight. Just like when I watched games of basketball back in 1993 and noticed one guy that seems to be hanging in the air a little longer than everyone else.

So when I watched bits of World Cup matches recently I looked out for him in the All Blacks team. I saw one Dan Carter but no Jonah. And then the world heard the news of his sudden death. Kind of sad. RIP big guy.

Friday, November 13, 2015

Waiting Better Than Massive Bat Culling

Our flying fox had been red-listed by the International Union for Conservation of Nature (IUCN) because its population was expected to decline by about a third in the next twenty one years. Culling 18,000 bats is equivalent to exterminating 20% of the species -- in a few weeks -- if you think there are 90,000 of them. Additional pressure that the endemic bats might find impossible to bear. But wait. Not everybody agrees there are 90k bats: the IUCN puts the actual figure closer to 50,000. Which would mean that the operation under way will be eliminating a third of Zorro Volador Negro de Mauricio.

Projections of the IUCN may also be too optimistic as meteorological data appears to have become increasingly shaky: cyclones and hurricanes have been showing up in places great-grandmothers never thought possible. Plus we've seen several cyclones lining up in our neck of the ocean in the not-so-distant past.

The upshot of all this uncertainty is that we need to tread super cautiously. For sure there seems to be more bats now -- Mauritius has been spared by strong cyclones for several years -- but more people are netting their trees. Which should give government pause to consider other mitigating measures that have been tried elsewhere. Especially given that bats are not the only fruit predators in town. And in any case many of them will not survive a major cyclone.

Sunday, October 25, 2015

SAJ's Comments on Electoral Reform Refreshing

Rightly calling PR a komeraz. Who wouldn't? After seeing what happened to election results in Rodrigues. It's the same feeling one got when going through the dumb and dangerous Sithanen electoral galimatia: a heap of rubbish that doesn't take more than a couple of minutes to demolish. A bit like his 2005 promise that a flat tax would generate average robust growth rates of 8% forever after: 2015 will be the 5th consecutive year growth rates will be less than half of that.

Besides PR is so unLabour: Phillippe Rozemont was expelled from the Labour Party when he voted in favour of it. And roughly six decades later Navin Ramgoolam lost power and his seat after he flirted with PR. When an overwhelming number of Mauritians -- using an attractive feature of our wonderful FPTP system but one that Sithanen wants to get rid of with party lists -- said no to an electoral proposal that is vote wise and outcome foolish. There is no need to use a bazooka to get rid of a very mild headache.

Refreshing indeed. Reminded me of what another of our PMs said back in May 2010: "Ki zot tile? Pran zot dan godi dir ayo papa Euro! Euro! donn zot bibron? Pa Pwena! Devaliasyon zame tienn solisyon. Nu bizin vinn pli konpetitif".

Wednesday, October 14, 2015

Klopp Pretty Sure of Grabbing EPL Within 4 Years



Or else he's off to Switzerland. It's the first time I've listened to him. Made a good impression. Seems to be disinterested enough to produce the good results that Anfield has been longing for. Like he did with Borussia Dortmund. We'll find out soon as The Reds meet in-form clubs over the next five matches.

Thursday, September 24, 2015

Tamasha To Hit Movie Theatres November 27



It's feeling like a cross between the critically-acclaimed Rockstar -- also directed by Imtiaz Ali and scored by A.R. Rahman -- and Yeh Jawaani Hai Deewani, the 2013 blockbuster movie that starred the former lovebirds.

We'll find out in a few weeks.

Tuesday, September 15, 2015

2014: The Year in Review (Q4)

2014: The Year in Review (Q3)

July: How to live 3 years more. Why Sithanen should be dumped again. World Cup won by almost a third of host countries.

August: Stray dogs to work for food. Mrs. Doubtfire is deadLocal FB pages with most likes. Ramgoolam has no match, for now.

September: Apple returns to Flint, 30 years after. Loch Ness Monster may need new travel documents. Granny 1, Leopard 0. Labour/MMM alliance dangerous.

Read the review for Q1, Q2 and Q4.

Sunday, September 13, 2015

10 Years of Blogging

Completed yesterday. The first post was a note on a statement -- Setting the Stage For Robust Growth  -- made by the then Minister of Finance. The whole thing actually started a short while after a friend did two things: she first asked me why I didn't blog -- given that I was so opinionated -- and then provided me with the url for a couple of blogging services. I eventually settled for blogger and wrote a few relatively long pieces on The Jag!.

As these -- which were essentially a series of short posts combined together -- were taking way too long to my liking I eventually set up Kozelidir with a couple of friends for shorter ones. All kinds of strict guidelines were enforced and these did cause some friction leading some of the initial collaborators to eventually set up their own blogs. Some who were invited never contributed anything and eventually confessed that 'pa fasil sa nivo angle la'.

Many of the posts were also published in the Forum page of Le Mauricien: who said that journalists can't have good taste? Or be addicted to writing that's not too poor?

It's been a lot of work. But definitely a lot of fun too. And the learning has never stopped.

Stay tuned for more!

Sunday, September 6, 2015

Why Labour Lost The Last Municipal Elections

Because it didn't take part in them. Although Arvin Boolell did tell us at one point in time that a list of candidates was almost ready. That was just before Navin Ramgoolam stormed into a critical meeting that would eventually have given voters -- especially labourites -- a lot more choice on the ballot paper. Ramgoolam essentially said that the governing parties had set a trap and Labour should avoid it. Understand by that that Arvin doesn't have the right profile. Mamou Ramgoolam also argued that the Labour Party didn't have the money to go into these elections as it didn't have access to its bank accounts.

That's kind of strange when you realise, for example, that the number of years that Dr. Boolell and Dr. Ramgoolam have been in politics add up to more than 50 years. Besides supporters of the Labour Party would certainly have pitched in one way or another to back any good ideas as they have been doing for almost eight decades now. Talking about a trap is also kind of hilarious when you recall what Ramgoolam, Berenger and Sithanen tried to do last December with an electoral reform that was both stupid -- as Mr. 40% + 40% = 80% confessed -- and dangerous. Mr. Bean who is celebrating his silver jubilee this year should definitely watch out for the competition.

And why did Labour lose the 2014 General Elections? Too much money? Profiles that are too perfect? Math skills that are otherworldly?

Sunday, August 23, 2015

Kozelidir Turns 007

Yep, it's 7 years since we published our first post. 1,272 have appeared since then -- this one included. Along with 4,142 comments. August 23, by the way, is the date when Mount Vesuvius started rumbling and eventually destroyed Pompeii. It is also the start of the battle of Stalingrad: one very bloody war.

It's been a lot fun blogging in here. And reading your comments. Which have helped to connect a lot of interesting dots.

Thursday, August 20, 2015

Journalist Belittles 10-Billion-Rupee Economy



So our Rs10 billion 1982-economy would be about the size of some companies in the latest Top 100 list? And that would be proof that the economy was not going well at all? Or? One problem with this argument is that we're talking about 1982 rupees here. If we assume that average inflation has been about 5% since then Rs10 billion in 1982 would now be worth about Rs50 billion. Assume that inflation has been 7% instead and you get a Rs93 billion economy in aaj ki paisa. Which is three times more than the turnover of the current leader of the Top 100 companies.

16% unemployment is also not so bad given the devastating effects of cyclones in the 1970s -- Claudette for instance sent Mauritius into a depression -- and that we were a left-for-dead country.

Monday, August 17, 2015

5-Year Olds To Start School With Assessment

To see if they're ready. And if they're not the school will wait for them to be ready. That's what the Minister of Education told a radio station she plans of doing soon. There are at least two problems with this idea. One is how long is the school going to wait? And two parents -- knowing that there is an evaluation -- will start preparing their children for it. Probably a good one to one-and-half years before the test. So we're looking at toddlers taking private tuition.

Not good. Because our school system already takes away way too much of the light that each person is born with. And produces way too many obese parrots.

Sunday, August 9, 2015

Four Reasons Top Taxes Are Too Low

One is obviously the low growth rates that Mauritius has clipped for the past few years: indeed 2015 is looking to be the 5th consecutive year that it will be under 4%. I don't think this has ever happened. At least not since independence. I am sure you remember that one bean-counter promised Bretton Woods-inspired robust average growth of 8% back in 2005. Which was the reason the tax structure was flattened.

Two is that tax receipts have literally stayed flat in real terms over the last 12 months. Indeed the MRA disclosed that it collected only 4% more in the last fiscal year. Which roughly matches the increase in the general level of prices. We've alluded to that before.

Three the MCCI said that more than a third of the businesses it surveyed recently are complaining that Government is not doing enough to improve their businesses. Well, with the silly flat tax Government has ensured that it would have less resources -- and the private sector would have more -- to drive the economy. If nothing much has happened and is going to happen Government should raise top taxes to move Mauritius forward. If we don't want to keep on waiting for Godot.

Finally the flat tax has increased inequality tremendously. You just need to compare the number of people thrown into poverty after Navin Ramgoolam's first and second mandate. We can also have a look at how real disposable income has changed for the richest and poorest 10% of our households for the same periods. That's pretty bad for our social fabric and for better economic growth.

There is of course another reason why top taxes should increase.

Friday, August 7, 2015

Ex-Pak Agent Says 26/11 Hatched in Pakistan

Tariq Khosa, former head of the Pakistani Federal Investigating Agency, made this explosive revelation and provided detailed facts to support it a few days ago. 164 people died in the November 2008 Mumbai attacks including our own CEO of SBM, Chaitlall Gunness. Mr. Khosa ends his article by asking if Pakistanis were "as a nation prepared to muster the courage to face uncomfortable truths and combat the demons of militancy that haunt our land? That is the question!"

Good question when one recalls the recent Peshawar massacre where 132 schoolchildren lost their lives.

Thursday, August 6, 2015

US Companies To Disclose Pay Ratios in 2017

So has decided the Securities and Exchange Commission yesterday. There is some flexibility in the way this can be computed but you will have to agree that the thrust is good given how pay packets have become disconnected from actual performance and talent.

The Indian Ocean Tiger should jump on the bandwagon. ASAP.

Monday, August 3, 2015

Did Etihad Airways Receive Subsidies?

No according to a former CEO of MK who works for the Gulf airline. Yes according to a group of American airlines who put governmental help dished out to Emirates, Qatar Airways and Etihad at $42 billion. Essentially by adding interest-free loans, capital injections, benefits of government guarantees, absorption of fuel-hedging losses and low airport charges.

A couple of months ago The Wall Street Journal mentioned that Eithad had sent a report to the US authorities acknowledging help of a little over $14 billion from its government. Some of that help was reported by the Australian Financial Review back in May 2014.

So I guess -- for our national strategic interest -- we should be very careful not to get mesmerized a bit too quickly. Air Mauritius has a brilliant future if it is allowed to operate on strong bases of meritocracy.