Strategy

Creativity And Innovation


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The terms “creativity” and “innovation” are often used interchangeably. According to Teresa Amabile, creativity is essentially responsible for all of human progress. Basically, creativity is the production of anything. It could be an idea, a tangible product, or a performance. What is developed should also be different from what has been done before in some way. Creativity in the workplace should also be appropriate to some goal or meaning. (Goleman 2015)

It’s difficult in some domains to talk about usefulness. One may argue, what does appropriateness mean in the visual arts? There, appropriateness means it expresses some meaning that the artist intended. But in business, creativity has to “work” in some way. It has to make a contribution in creating or adding value.

The connection between creativity and business success is very important, although it’s often overlooked. In a competitive environment, a business cannot succeed without innovation. And innovation depends on creativity. Creativity is the front end of a process that results in innovation. The more creative and innovative you and your team members are, the more long-term success you will achieve.

Creativity is about coming up with the big idea. Innovation is about executing the idea — converting the idea into a successful business. (Govindarajan 2010) Creativity is a function of knowledge, curiosity, imagination, and evaluation. Innovation is the successful implementation of those ideas.

Only ideas do not get you so far. Consider companies that struggled even after a competitor entered the market and made the great idea transparent to all. Did Xerox stumble because nobody there noticed that Canon had introduced personal copiers? Did Kodak fall behind because they were blind to the rise of digital photography? Did Sears suffer a decline because they had no awareness of Wal-Mart’s new every-day-low-price discount retailing format? In every case, the ideas were there. It was the follow-through that was lacking. This occurs when people are not very motivated, or proper systems are not in place. Such workplaces have difficulty hearing the creative ideas, developing them, letting them grow, and figuring out how to implement them successfully.

Govindarajan (2010) said that innovation initiatives face their stiffest resistance after they show hints of success, begin to consume significant resources, and clash with the existing organization at multiple levels — that is, long after the idea generation stage. In other words, innovation is possible only when there is a healthy mix of creativity on the front end, and solid systems in place to foster that ingenuity.

Bureaucracy destroys initiative. There is little that bureaucrats hate more than innovation, especially innovation that produces better results than the old routines. Improvements always make those at the top of the heap look inept. Who enjoys appearing inept?” — Frank Herbert, Heretics of Dune

Festival, Nature, Religion

Makar Sankranti Is Not Uttarayana


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We celebrate January 14th as Makar Sankranti — the day on which the sun begins to rise in the Makara Rashi (Zodiac Capricorn), Sankranti meaning entering. There is a common misconception that Makara Sankranti is the Uttarayana (winter solstice).

From time immemorial, the days on which the sun touches its northernmost and southernmost points are noted. These are called solstices — winter or summer. In Sanskrit, the journey southwards is called Dakshinayana, and the one northward is called Uttarayana, ‘dakshin’ and ‘uttar’ being south and north respectively. The winter solstice falls on December 21st, and hence Uttarayana begins on that day, while the summer solstice falls on June 21st, when Dakshinayana begins.

While the exact day on which the winter or summer solstice occurs remains steady (within one day error), there is a slight change in the way the Earth’s rotation axis is aligned to the sun. Due to axial precession of the earth, the date of Makar Sankranti is shifting away from the actual season. In astronomy, axial precession is a gravity-induced, slow, and continuous change in the orientation of an astronomical body’s rotational axis. In particular, it refers to the gradual shift in the orientation of Earth’s axis of rotation.

Every year equinoxes slide by 50 seconds i.e. approximately 1 day in every 70 years due to precession of equinoxes, causing Makara Sankranti to slide further. As a result if Makar Sankranti is considered as Uttarayana then as it is sliding. Makar Sankranti was on December 31st in ca. 1000 CE. The Makar Sankranti and Uttarayana coincided during the times of Aryabhata, around 1,500 years ago.

Now Makar Sankranti comes on January 14th, however it continues to hold the importance in Hindu rituals. It marks the beginning of auspicious times. On this day, thousands of devotees take a holy dip in river Ganga and other holy streams. Many Hindu devotees take a holy dip at Ganga Sagar, where river Ganga meets the Bay of Bengal. 

 Makar Sankranti is about nature, energy of the sun, harvest of new crop, and progress of mankind. Happy Makar Sankranti!

Reference

Vahia, Mayank,  Why do we celebrate Makar Sankranti on January 14 every year? DNA (March 9, 2014)

Random

Why Does The Life Seem To Be Complicated?


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I don’t know why I am writing this but something inside me is driving me towards it. Life is so much about achieving and running after success that we actually miss the fact that we are forgetting how to live. There is so much in life to live for, to feel for, that we can take the last breadth with full of satisfaction and with the feeling that “I lived my life to the fullest.”

Today I am here in my apartment living alone with a mindful of memories and heartful of hopes and expectations. I never planned for something too far, even when I was a kid. That’s why my parents are worried about me so much. I for myself have always tried to be simple and keep things around me simple; though whatever or however hard I try things and people end up being complicated. I really never could understand why it’s so. Sometimes, I feel that I do understand people but more I find it’s more complicated. I just wonder that why things can’t be as they seem to be.

I just thought of sharing how complicated the things could be. I belong to a family which was once one of the reputed and wealthy landlords of Bengal during the British reign. But as I see now I am just an ordinary middle class guy who doesn’t want to be ordinary anymore. I am born and brought up outside Bengal but still I got a lot of special feeling and attachment toward my mother tongue and the Bengali culture. Though I dislike a lot of Bengalis who are residing there but divided into two groups – one those have completely taken up the modern westernised culture so much that they have forgotten their rich cultural and linguistic heritage, and the second includes those people who although are mindful of the culture and traditions but are not doing anything for it or to take it ahead; they are instead wasting their time in fruitless politics wishing that some day things will change. This is solely my views based on my observations and with no malice or offence to anyone; just an honest observation. Believe me this is not an end.

When I was a kid at school, things were not very simple either but were not as complicated as they’re now. The memory of earlier parts of my schooldays is blurred since I had been changing school every third/fourth year. My dad was in a bank and they got this really freaky thing called transfers on promotions. I love the travelling part and the opportunity of making new friends but rest all of it I hate. If you are living in a place for sometime then either you get bored with the damn place or you get attached to it. I just wanted to runaway from some places but at some places I got attached, I felt connected.

Sometimes, spotting me in a crowd of students in a school was easier than spotting a butterfly in a swarm of bees. Well, people say that I got an innocent face and I hate that comment. That’s rubbish! I believe that innocence and ignorance go side by side. But yes my “innocent” face saw me through a lot of troublesome situations. But the reason that I am easily spotted is not how I look but it’s what I do and these are my attributes but people say I got an attitude problem. I say to them “you got problem with my attitude, then it’s not me to worry about.” This often makes things complicated for me.

In school, things were far simpler except for the new mid-session admission exercises and the subsequent adjustment hassles. During that time, there was nothing much to do except waking up, go to school, come back, do homework and in between relish delicious home cooked meals and lastly go to sleep to start the cycle again.

In schools, it was also easy to befriend any girl. You go to anyone start talking randomly and things just went cool. In schools, girls have open minds to make friends with boys. But as we grow up, things do not actually change people get complicated. If you are famous, people like to talk about you but not to you. People like to acknowledge you but not know you. In college, the complications are not just with girls, it’s between friends too.

When I was in my secondary school, we used to hangout in a group of 5 most of our time. But today, one of the five is depressed or disturbed — it’s a bit complicated as I couldn’t find the reason — wants to avoid us even when me meet after a long time. Honestly, I do care about them and what’s happening in their life as we have grown up together. As we are studying at different places now, I am not always properly updated. Also, our holidays don’t always match. Actually it’s been so long time that I find myself like a stranger and sometimes wonder what to talk about. I am meeting them so infrequently that I hardly know anything about their present. It’s not my fault, everybody is at different places to pursue for their career. We have joined that shit rat race, without actually knowing it.

When we were in school nothing mattered. Even when we met after long vacations, it used to be a great fun always. Earlier it was so simple, even when we made fun of each other all the time, but now people are feeling offended quite often. You may say that things change with time. But, I feel that with passage of time, as we are getting busy in our career, we are complicating our life.

I am not sure whether I have any true friend now with whom I can hangout without any inhibition. Anyone gets offended with anyone on petty matters and the worst of all they keep grudges! Also, it seems that they will carry those grudges to their death-bed. I do sometimes brawl with my friends but I never keep grudges or stop seeing them. I have also never even said sorry to anyone after that. And if I had any problem, I just tell them on their face. But now I feel scared of saying anything good or bad because it may not be appreciated unless I am sure that I have a solid reason for that.

I am feeling very sad for my roommates. They used to be like best friends forever since our first year in the college; but now they don’t even want to see each other or even talk! They talk indirectly. When one comes in the other one goes out as if they are a married couple waiting to get divorced. Actually, things are never so complicated, it’s just how one perceives it that matters. We only make the things complicated as we only see everything through our glasses and sometimes these glasses are tinted.

You always make friends and have fun but remember never allow any complication to creep in from the beginning. In case of any hint of complication, do talk it out among yourselves and never discuss with any third person. That third friend may create a breach in the friendship. Sometimes such actions are intentional and motivated and we realise that when it’s too late. So, if you want to lead happy life, then keep it simple. I know that it’s pretty difficult to keep the things simple, but any effort is worth it.

Random

A Very Inspiring Blogger


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I am excited to announce that Indrosphere was nominated for a Very Inspiring Blogger Award! A couple of days ago, Indrosphere was nominated by lovely Somali K Chakrabarti of Scribble and Scrawl for the Very Inspiring Blogger Award. When I received her message, I had to read it over and over again to make sure I got it right, even though it was quite straight forward.

Awards are always amazing whether they are virtually given or awarded in person. Thank you Somali, your creativity and inspired words are so fueling for me. It means so much to me when someone, somewhere, finds what I do worthy of recognition. And coming from a great writer like Somali, I couldn’t help but do a little dance of joy.

Somali is a management consultant with a fantastic background. She describes herself as a reader, blogger and nature-lover with an appreciation for language, art and culture. It’s my pleasure to be connected with such a talented blogger. In fact, it was she who found Indrosphere and commented on one of my posts. I enjoy interacting with her through our blog posts and comments.

blogging-award3I googled about the award. The Very Inspiring Blogger Award is passed from blogger to blogger, some might say like a chain letter, but I like to think of it as a thread of gratitude, sharing and connection. It links bloggers with similar notions and ideas together; but by similar I don’t mean people who agree. As the title suggests it is about linking people who inspire and that is one of the things I’m most passionate about.

Once nominated, I have to write seven things about myself and I have to nominate fifteen bloggers for this award. As per the rules seven things about myself, in no particular order:

  1. I am mathematician by education but banker by profession.
  2. I am passionate about my work and in love with my family.
  3. I believe that the most meaningful gift a parent can give a child is the love of travel. Thank you, Mom and Dad!
  4. I am still a child inside me and I love playing with kids.
  5. I love foods.
  6. I love watching movies alone but I hate eating alone in restaurants.
  7. Nothing makes me happier than sharing a meal and a bottle of wine (or two) with good friends.

Here are my nominations; fifteen incredible blogs and bloggers who have touched and inspired me in different ways:

  1. 2HelpfulGuys
  2. A day in the life of India and beyond
  3. Bucket List Publications
  4. China Sojourns Photography
  5. Edgeofhumanity
  6. Everything Candid
  7. Kapil Srivastava
  8. Katherine Scrivens
  9. Prasun’s Photography
  10. Ray-trospective
  11. Rose Thomson
  12. Some Good Eats
  13. Something Special
  14. Translations
  15. Wrong Hands

There are so many more blogs I enjoy, but alas I had to narrow it down to fifteen. My apologies!

Economy

Banks Are Adjusting Their Activities To Absorb Bank Levy


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On April 16th, 2010, the International Monetary Fund (IMF) proposed the idea of a “financial stability contribution.” It was proposed as one of three possible options to deal with the crisis similar to the recent financial crisis of 2007-10. These options were presented in response to an earlier request of the G-20 leaders, at the September 2009 Pittsburgh summit, for an investigative report on all possible options to deal with the crisis. Financial stability contribution or bank levy is a tax on banks’ balance sheets (most probably on their liabilities or possibly on their assets) whose proceeds would most likely be used to create an insurance fund to bail them out in any future crisis rather than making taxpayers pay for bailouts. This is in addition to existing deposit insurance schemes, which is primarily to cover discrete failures in normal times.

Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and for public finances. Regimes for the restructuring and resolution of banks, financed by bank levies and fiscal backstops, seek to reduce these costs. Bank levies attempt to internalize systemic risk and to increase the costs of leverage.

In case of a crisis, the management, shareholders, and creditors do not bear the full systemic costs of a failure, while the real economy feels the burden and society pays the price, whether in the form of bailouts, lost productivity or unemployment. While profits remain privatized in good times, downside risks are socialized.

Systemic banking crises have imposed fiscal costs of up to 7 percent of gross domestic product (GDP) in some countries, and output has fallen by 23 percent compared with long-run trends. Crises increase public debt significantly, aggravating the risk of public sector default.

To lower the probability of banking crises and internalize the costs of bank distress, policy makers have chosen two main instruments. First, the new Basel III regulations impose higher capital requirements for banks (and thus lower leverage), demand better quality of regulatory bank capital, and implement capital buffers to account for systemic risk. Second, regimes for restructuring and restoring banks have been established. They rely on fiscal backstops and bank levies, which seek to both internalize systemic risk and increase the costs of leverage.

Following the financial crisis and the subsequent imbalances for financial institutions and even national economies, legislators all over the world have introduced various measures concerning the regulation and supervision of financial institutions and financial markets. In this context, some countries have introduced bank levies some of which have been given the form of a tax while some others are regulatory levies. Since 2009, 14 countries have introduced compulsory bank levies (Belgium, Finland, France, Germany, Hungary, Iceland, Korea, the Netherlands, Portugal, the Slovak Republic, Slovenia and the United Kingdom) or stability fees (Austria, Belgium and Sweden). In addition, Greece has operated a bank levy since 1975 and Australia has had a supervisory levy dating back to 1998. With the exception of Finland and Slovenia, these are permanent measures.

Bank levies are generally calculated by taking banks’ total liabilities and deducting equity and retail deposits/insured deposits, etc. Every country has different rate and formula to determine the composition of the tax base. In a few countries like France, it is levied on the amount of risk-weighted banks’ assets, which are used for the determination of banks’ capital requirement. Also, the notional amount of off-balance sheet financial derivatives less used for hedging etc are included in some cases.

A research conducted in Germany to study the effect of the bank levy indicated that in the short run, banks could adjust by reducing their lending activities, increasing their loan rates, and/or lowering deposit rates to compensate for the increase in their funding costs due to the levy. The extent of this adjustment depends on the pricing power in loan markets. In the long run, a bank levy might also affect banks’ risk-taking behaviour.

As a consequence of negative deposit rate policy of the European Central Bank (ECB), the profit margin of the European banks are getting squeezed. Many German banks have partially passed on the cost of levy to their customers in December 2014 on selective basis.

References

Buch, C. M., B. Hilberg and L. Tonzer (2014), Taxing banks: an evaluation of the German bank levy, Discussion Paper No. 38/2014, Deutsche Bundesbank, Frankfurt.

OECD Special Feature (2013), Revenue Statistics 1965-2012, OECD.

OECD (2012), Funding Systemic Crisis Resolution, Presentation given at the Meeting of the Investment Committee, Paris, 20 March 2012.

Celebration, Food, Friends

It’s A Nice Afternoon — Last Of 2014


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Jaya and Babai were urging me since yesterday that I must celebrate the beginning of the new year. I earlier planned to welcome the new year in solitude, staying in at my home.

In the morning Subhash informed me that he has arranged for a Masgouf lunch at Iraqi Hunting Club along with his department colleague Nadia. He said that only we four people will be there — three from his department including him plus me.

Today being the year-end, I was busy in my department to ensure that the deals are complete, accruals are properly assessed and booked, and securities are marked to market, etc. Anyway, as I finished, we rushed to the club. Nadia & Russel were already there waiting for us. By the time we reached there, the fish was ready to be served.

We enjoyed the fish along with khubuz and fried rice. We had nice chat over our lunch. The lunch was followed by tea. In Iraq, no meal is complete without tea. Tea is also called here as chai! We were sitting on the side terrace and enjoying the sun.

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The sun started it’s last journey towards the western horizon for this year 2014. It started becoming a bit chilly so we had a round of coffee — turkish coffee. After settling the tab, we started walking out through the lawn.

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New Year eve without whiskey is incomplete. We went to the alcohol shop inside the club. To our dismay, we  found that they have run out of stock of single malt whiskey. So, we returned with Chivas Regal.

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Another activity of New Year eve is wishing and responding to New Year wishes from friends and family. These are a few such occasions in our mundane, busy life when we connect to our near and dear ones. We used to make cards or buy cards, write the messages and send them but now we do it on Facebook & Twitter! I feel that we are losing the personal touch in our relationships.

Thanks to Nadia & Russel for being with us in the afternoon and making the last afternoon of 2014 a different and of course a special one.

I had an amazing 2014. Now let’s see you top that, 2015!

Random

2014 In Review


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The WordPress.com stats helper monkeys prepared a 2014 annual report for this blog.

Here’s an excerpt:

The concert hall at the Sydney Opera House holds 2,700 people. This blog was viewed about 21,000 times in 2014. If it were a concert at Sydney Opera House, it would take about 8 sold-out performances for that many people to see it.

Click here to see the complete report.

Nature

Winter Solstice Doesn’t Mean Early Sunrise From Next Day


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Today, the northern hemisphere is experiencing the shortest day of the year. The winter solstice marks the shortest daylight period, but it’s not the day of the latest sunrise or earliest sunset. In the mid-latitudes the earliest sunset occurs in early December, while the latest sunrise is not until early January.

This misalignment occurs because of a discrepancy between “clock time” (which is based on 24 hours), and “solar time” (the time it takes for the sun to appear in the same position in the sky from one day to the next). In fact, it is 24 hours only four times a year, and never in December. It is at its shortest around 23 hours 59 minutes and 30 seconds, in early September, and at its longest around 24 hours 30 seconds in December.

The Earth’s axis is tilted 23.5 degrees, and the Earth’s speed varies because it moves in an elliptical orbit around the sun, accelerating when it is closer to the sun’s gravitational pull and decelerating when it is further away. The sun therefore in effect lags behind the clock for part of the year, then speeds ahead of it for another.

In December, these two factors combine in such a way that our days are actually a few seconds longer than 24 hours – as seen by the amount of time it takes to cross our local meridian (longitude) from one day to the next. In effect, this cumulative shifting pushes the time of solar noon several minutes later during December, advancing both sunrise and sunset times even as the days continue to shorten until December 21.

This also explains why the evenings draw in towards their earliest sunset a couple of weeks before the shortest day, and why the mornings continue to get darker until a couple of weeks after.

Reference

Kris Griffiths, Why do mornings still get darker after the winter solstice? BBC News Magazine (December 21, 2014).

Economy

Deposit Interest Rates Going Negative


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The Swiss National Bank (SNB) today imposed the negative deposit rate as the Russian financial crisis and the threat of further euro-zone stimulus heaped pressure on the franc. Switzerland normally sees money flowing into its coffers in difficult economic times. A charge of 25 basis points or one-fourth of a percentage point on sight deposits of commercial banks at the central bank, will apply as of January 22. That’s the same day as the European Central Bank’s first decision of 2015.

The European Central Bank (ECB) cut a key interest rate below zero, the first major central bank to venture into negative territory. The ECB cut its deposit rate to minus 0.1% from zero on June 5, then again to minus 0.2% on September 4, when President Mario Draghi said interest rates had reached the “lower bound.”

Interest rates have fallen below zero before. Negative deposit rates have been used by a handful of smaller central banks in recent years, including Sweden’s, which cut its deposit rate below zero again in July after a 14-month experiment in 2009-2010 at the height of Europe’s debt crisis. Denmark returned to a negative deposit rate in September, though the cut was aimed at protecting its currency rather than stimulating growth. U.S. Treasury securities traded at negative yields during parts of the 1930s and 1940s, and Switzerland imposed negative interest rates in the 1970s as part of capital controls.

The ECB officials say more stimulus is needed to prevent a slide into deflation, or a spiral of falling prices that could derail the recovery.  The cut is part of a combination of measures designed to ensure price stability over the medium term, which is a necessary condition for sustainable growth in the euro area. It’s one way to try to reinvigorate an economy with other options exhausted. It’s an unorthodox choice that the U.S. Federal Reserve Bank and other peers have so far rejected.

The economy of the eurozone is grappling with a shortage of credit and unemployment near its highest level since the currency bloc was formed in 1999. The ECB has particular reason to use negative interest rates. The US Federal Reserve Bank (Fed) and the Bank of Japan have turned to large-scale asset purchases, known as quantitative easing, that create new money to fuel the recovery.

By reducing interest rates and thus making it less attractive for people to save and more attractive to borrow, the central bank encourages people to spend money or invest. If, on the other hand, a central bank increases interest rates, the incentive shifts towards more saving and less spending in the aggregate, which can help cool an economy suffering from high inflation.

In truth, the impact of negative interest rates is uncertain. Proceeding with this move underlines the ECB’s concern and the need for drastic measures to turn around the European economy. It sounds attractive in theory, but it could have unpredictable and unintended consequences. While negative interest rates are normally aimed at institutional investors, in the long-term they can have a detrimental effect on savers, if investors decide to recoup the costs of the rate by levying charges on consumers.

In theory, an interest rate below zero should lower all market rates, thus also reducing borrowing costs for companies and households. In practice, though, there’s a risk that the policy might do more harm than good. Janet Yellen, the Fed chair, said at her confirmation hearing in November 2013 that the closer the deposit rate is to zero, the bigger the risk of disruption to the money markets that help fund banks. A deposit rate cut could hurt banks’ profitability by lowering money-market rates, potentially hampering credit supply to companies and households and reducing banks’ incentive to lend to other financial institutions.

In Denmark, commercial banks aren’t passing on negative rates to depositors for fear of losing customers. When banks absorb the costs themselves, it squeezes the profit margin between their lending and deposit rates, and might make them even less willing to lend.

Imagine a bank that pays negative interest. Depositors are actually charged to keep their money in an account. A deposit rate below zero effectively punishes banks that have extra cash but are reluctant to extend loans to weaker lenders.

Banks are starting to charge their customers for depositing large amounts of euros, passing on fees imposed by the ECB, rather than paying interest. They said that the changing regulatory landscape has made it harder to eat the cost, as they might have in the past. The reversal from paying interest to charging it comes after the ECB started charging 20 basis points or two-tenths of a percentage point, in fees for funds parked at the bank.

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm that retail and business customers with over €500,000 on deposit as of November 1 will earn a “negative interest rate” of 0.25%.

Commerzbank AG is the first major lender in the eurozone to pass this negative interest rate policy on to its institutional clients when they announced it on November 19. Other major banks viz. Deutsche Bank, Bank of New York Mellon, Goldman Sachs, JP Morgan Chase have also decided to selectively pass on the negative interest rate policy.

The latest move by the banks is notable because so many of them are taking the step, giving customers fewer options for moving their money. With the global economy still fragile, negative rates remain a tool that banks could use. Only time will tell whether the outcome of negative rates will in fact be positive.

References

Detusche Welle, “Commerzbank imposes penalty on big depositors“, (November 20, 2014).

European Central Bank, “Why has the ECB introduced a negative interest rate?“, (June 12, 2014).

Randow, J, “Less Than Zero — When Interest Rates Go Negative“, Bloomberg QuickTake (December 18, 2014).

Richter, W, “The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’“, Wolf Street (October 30, 2014).

Schneeweiss, Z. and J. Schwalbe, “Swiss National Bank Starts Negative Interest Rate of 0.25% to Stave Off Inflows“, Bloomberg News (December 18, 2014)

Food, Friends

Masgouf For Lunch Today


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Subhash called me in the morning asking me whether I am interested for having masgouf for lunch today, then he would ask his department colleague Nadia to arrange for it at the Iraqi Hunting Club. I immediately consented for it as it’s been a long time that we enjoyed the Iraqi delicacy — Masgouf. It is a traditional Mesopotamian dish, it is an open cut fish grilled and spiced with salt, pepper and tamarind. While keeping the skin on, it is then brushed with olive oil. It is de facto considered the national dish of Iraq. Baghdad prides itself of making the best of the Masgouf.

Nadia placed orders for masgouf beforehand so that the fish would be ready by the time we go for our lunch. Cooking of Masgouf takes long time sometimes up to 3 hours depending upon the size of the fish. Generally when ordered, the carp fish is taken out of the water tank and killed by a quick blow onto the forehead with a small rod. It is then partially scaled, slit up the back, cleaned the guts out and flattened the bodies. After sprinkling sea salt onto the fish, it is carried over to a fire pit and propped on their sides against iron stakes plunged into the ash to roast against the flames. By roasting the fish vertically with the open side facing the fire, the oil seeps into the ashes, leaving salted, seasoned fish meat. The fish is cooked until most of the fish’s fat is burnt out, as the carps are typically fatty.

We went for our lunch after 3.00 p.m. We were joined by our a few other colleagues. The fish were yet to be well-cooked and crispy on the outsides. We waited for around half an hour. The fish were served on a big tray garnished with lime, slices of onion and pickles and served to us on the table after covering them by large khubz — flatbread to keep the fish hot.

Masgouf was quite tasty. I think that it gets the extra taste from the smoke that goes into the flesh of the fresh fish while cooking it.

Thanks Nadia for arranging Masgouf lunch for us.