I have been asked to write my opinion on Mr Raj Thackeray and his party, MNS. He is the nephew of Mr Bal Thackeray of the Shiv Sena and has been in the news of late because his followers have been attacking migrant labor from northern India to Mumbai.

Well in India we just got done with Diwali. The fireworks were great if you don’t mind the air and noise pollution. I think foreigners should visit India during Diwali. I don’t think any other country has so much in terms of fireworks as India during Diwali. But I don’t think we have fireworks battles in India.
Easter on the small Greek island of Chios means one thing – a massive firework battle, with over 50,000 rockets raining down on two small towns.

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Every now and then I get to read stuff about the huge on-going economic crisis. But there is no economic crisis going on. It’s a financial crisis, not an economic crisis. I think it is important to make that distinction. The financial system is part of the economic system and it is an important part. But the two systems are not identical and cannot be referred to interchangeably.
Let me see if I can get this right. Let’s take the failure of a financial institution or a stock market crash. When …