How are the India banks doing? Let's start there!
Now, the country of India has a billion people to worry about. They have imported the USA CULTURE, all one has to do is look to "Bollywood." Do they have a culture issue? No. The sacred cows can roam the streets forever while the country grows up around them. They have sincere problems in moving into a modern day society. It is like saying Iceland failed hugely because of their culture. THEIR CULTURE is European. You don't get closer to the American Culture than Iceland.
The discussion of CULTURE by Romney is smoke and mirrors to give people plenty to argue about and pull guns and cannons on each other. The discussion is moronic!
Wed Aug 1, 2012 4:29pm IST
By John Kemp
Aug 1 (Reuters) - The precise cause of widespread power failures (click title to entry - thank you) that cut electricity supply on Tuesday to states where half of India's 1.2 billion people live will take many months to establish, and may never be known for certain.
So any analysis at present must be speculative.
The most likely explanation is a small localised problem that rippled across the network as grid managers lost control of power flows and automatic relays shut down transmission lines and power plants to prevent further damage to equipment....
