The Indian rupee will not recover lost ground in the coming year, according to a Reuters poll of currency strategists who are more pessimistic than last month amid doubts over any kind of trade truce between the United States and China.Most emerging markets currencies have depreciated against the U.S. dollar, hurt by the tit-for-tat trade war between the world's two largest economies, and there are scant signs of a resolution anytime soon.Also weighing on the currency's outlook, the Reserve Bank of India has cut its key interest rate by 135 basis points so far this year to support a slowing economy. It is expected to cut the repo rate by another 25 basis points to 4.90% on Thursday.Close "Global trade talks are turning topsy-turvy, a lot will depend on how that plays out. Domestically, the tide has turned rough for the INR, led by tapering of domestic growth optimism and fiscal worries - all weighing on the rupee's way forward," Madhavi Arora, lead economist, FX and rates at Edelweiss … [Read more...] about Indian rupee on slippery slope for a year at least: Poll
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The Storytelling Secret Entrepreneurs Can (Still) Learn From Super Mario Brothers
Growing up, I wasn’t allowed to watch TV or play Nintendo on weekdays. This was a real problem, because of the handful of things that mattered to 8-year-old Brian, saving a fictional princess from an evil turtle named “Bowser” topped the list. advertisement advertisement The first time I played Super Mario Brothers–which just so happened to be the first time I played any video game–was on my eighth birthday. I usually had the attention span of a gnat, but I was hooked immediately; my parents swear that I screamed out, “Later!” when they called me in for cake. I’d found something I cared about more. Entrepreneurs’ main task is to make people care: customers, cofounders, investors– everyone. The problem is most peoples’ default state is to not care. You’re reading this, but I could lose you at any second. You owe me nothing. Each sentence is a transaction: I write something interesting, you read … [Read more...] about The Storytelling Secret Entrepreneurs Can (Still) Learn From Super Mario Brothers
Netflix’s ‘Astronomy Club’ is an A+ sketch show skewering Hollywood’s “C+” on race
If the members of the assembled group don’t look instantly familiar, give it a moment. Over there is Whoopi Goldberg’s spiritual sherpa, who reunited Patrick Swayze and Demi Moore across the mortal divide in Ghost. Oh, and she’s joined by Will Smith’s legendary Bagger Vance, the mysterious golf-whisperer who caddies Matt Damon to both athletic and romantic breakthroughs. And across from them is Morgan Freeman’s paradigm-shifting chauffeur from Driving Miss Daisy, the one who helps an old lady discover that prejudice exists. advertisement advertisement These are but three of the life-lesson dispensers attending Magical Negro Rehab in the first episode of Netflix’s new sketch show Astronomy Club. It’s the sketch the studio deployed last month to tease the series’ imminent arrival. (All episodes are available to stream as of today.) The clip not only announces that this is a sketch show created by and starring eight comedians … [Read more...] about Netflix’s ‘Astronomy Club’ is an A+ sketch show skewering Hollywood’s “C+” on race