2016- Sweet Sixteen got the worst start

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Anuj Goenka, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur


16th year is often referred as ” Sweet Sixteen”. However, it seems the 16th year of this 21st century began with a sour note . The schedule of events covers an entire gamut from sexual harassment to finance to sports.

Throwing light on some of these unfortunate events:

  • The attacks on women in Cologne, Germany on New Year’s Eve by refugees had put a tremendous pressure on German Chancellor Angela Merkel to review her stance on asylum to refugees. The German authorities had reported that there is an unusual spike in the sale of pepper sprays and gas pistols.
  • Stock markets around the world are bleeding owing to fears related to Chinese economy and low oil prices. Behaviour displayed by global markets in January is worst in the history post 1930. Even the Indian benchmark indices Sensex closed below 25000, a strategic and 19th month low while Nifty broke 7500 level
  • The undisputed, unquestionable Modi-Shah duo took a hit on their credibility as they lost Delhi and Bihar state elections. The reform and governance oriented image of PM Narendra Modi also got diminished as again an entire session of parliament ended without any constructive work and Goods & Services Tax popularly known as GST is still not yet passed
  • Indian Cricket team lost back to back cricket matches even after scoring 300+ in ODIs in Australia. In the cricketing history this is only the 3rd instance when a team had failed to defend 300+ score consecutively. As an Indian I can take solace that the West Indies and Australia had suffered the same fate earlier

References:

  1. http://www.nbcnews.com/storyline/europes-border-crisis/cologne-sex-attack-sprees-sparks-huge-spike-weapons-sales-n497201
  2. http://www.forbes.com/sites/samanthasharf/2016/01/11/can-stocks-stage-a-comeback-after-worst-start-to-the-year-since-1930/#2715e4857a0b748c58521edd
  3. http://epaper.indianexpress.com/694226/Indian-Express/16-January-2016#page/24/2

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s