Reuters blog archive
from India Insight:
Rising costs and a slowing economy haven't darkened the mood of wedding photographers in India. More couples than ever are willing to spend thousands of rupees on photo albums, pre-wedding shoots and videos, allowing photographers to take a bigger slice of India's $30 billion weddings business.
“People are willing to spend more money now compared to what they were spending three years back," said Delhi-based photographer Vijay Tonk, who charges around 100,000 rupees for clicking pictures at a two-day function, 10 times more than what he charged in 2010. "It’s a status symbol now to spend money and have good (pictures).”
Professional photographers, some of whom charge as much as 100,000 to 300,000 rupees ($1,600 - $4,800) for a single day, have not seen any slowdown in client queries. With 20 confirmed wedding assignments in the next three months, 26-year-old Tonk has been forced to say no to some couples.
People increasingly are looking to pay premium prices for photographers who can capture the essence on their subjects through candid shots. Sonal Kalra, who hired Tonk for her December wedding functions, said such pictures “help capture the mood better”.
from Photographers' Blog:
San Francisco, California
By Stephen Lam
Sometimes, you just have to wait.
A few weeks ago I was assigned to photograph the closure of the Lusty Lady, the first unionized and worker-owned strip club in the United States, located in San Francisco’s popular North Beach neighborhood.
In the week leading up to the event, I had a difficult time getting in touch with my contact at the club, but I was finally able to get the green light two days before it shut. The club had been extremely busy since the closure was announced, but they allowed us to cover the story on the condition that I remained respectful to everyone there: challenge accepted.
from The Great Debate:
There are plenty of areas where American workers and companies agree, however, such as the need for public investments in infrastructure and education.
from Expert Zone:
(Any opinions expressed here are those of the author and not those of Reuters)
It's going to be a tight budget this year and Finance Minister P. Chidambaram will be looking to save every rupee in revenue to reduce the budget deficit, to which he has committed. One option would be to withdraw tax incentives which have outlived their purpose.
The finance ministry is only too aware of revenue lost from tax incentives. In 2011/12, it was a loss of 5.29 trillion rupees. If tax incentives are withdrawn, the 2013/14 budget would be in surplus. Nothing would amuse the finance minister more.
from Global Investing:
By Alice Baghdjian
Uzbekistan, Bangladesh and Vietnam found themselves cheered and chided this week.
The Corruption Perceptions Index, compiled by Berlin-based watchdog Transparency International, measured the perceived levels of public sector corruption in 176 countries and all three found their way into the bottom half of the study.
from Global Investing:
Polish central bank governor Marek Belka doesn't apportion a lot of importance to the fact that Poland can boast the second biggest improvement in the latest World Bank's ease of doing business index, after Kosovo.
"This year we have improved, but I don’t care too much about it," Belka said at a meeting in London today.
from Jack and Suzy Welch:
“You didn’t build that.”
“Corporations aren’t people.”
It ain’t good.
Well, big surprise, we don’t agree. We consider entrepreneurs American heroes and, as we’ve opined recently, we think many corporations brim with humanity. Business can’t operate unfettered, of course, without any form of oversight or control. But our view, essentially, is that business is a source of great good for society, with the power to create hope and opportunity like no other institution going.
from Deepti Govind:
High inflation is a drag on economic growth in the world’s second most populous country and matters immensely to over 400 million people, or over a third of India’s total population, who struggle to earn enough to feed their families three meals a day.
The particularly volatile nature of inflation in India has confounded policymakers and small business owners and has left economists, who are often running complex statistical models based on a dearth of reliable data, with a poor forecasting record.
Bucking the usual tune of private sector lobbyists, a group called Business for a Fair Minimum Wage is calling for a hike in the minimum wage, saying it would boost business and the economy.
Business for a Fair Minimum Wage is a project of Business for Shared Prosperity, which describes itself as a national network of "forward thinking" business owners and executives.
from Oddly Enough Blog:
Blog Guy, I guess you've been reading about the huge recall of cantaloupes because of that deadly listeria outbreak?
Yes, but recalls in general are coming too fast to count. In the past month, we've had stories about recalls of lettuce, candy, ice cream, pine nuts, brewers yeast tablets, prawns, soy burgers, kale chips, spinach, organic eggs, frozen tuna...