Kartikeya Bhatotia

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Kartikeya Bhatotia

Kartikeya Bhatotia

@bhatoti

climate transition, public policy, etc. at @Harvard argumentative citizen, hence arguing.

Delhi - Boston 가입일 Ekim 2020
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Anthony Bourdain
Anthony Bourdain@Bourdain·
I am “continuing to monitor the situation”.
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Asim Ali
Asim Ali@AsimAli6·
A dominant source of financial accumulation for Indian elites is now real estate speculation, what Michael Levien called "dispossession without development". An entire infrastructure of under-utilised airports, metros & residential complexes have been built to facilitate that.
शिक्षित बेरोज़गार@kaul_vivek

Stock market party is over for the bachcha party My Paisanomics column for the Mumbai Mirror. The BSE 500 – which is a good representation of the overall Indian stock market – has fallen 8 per cent during March. The bachcha party, which has grown up listening to financial influencers and the well-shaved, tie-less, suited-booted types in the business of managing other people’s money (OPM), has found the fall to be out of syllabus. The finfluencers sold them a dream that it was possible to get rich – just before lunch time. The OPM types were like, lunch time is difficult, but we can have you up and running by tomorrow morning. And this felt right, as long as prices went up. But if you buy stocks at very high prices vis-à-vis the earnings of the companies they represent, making money on that investment is going to take time. You might even lose money. The finfluencers and the OPM-wallahs largely specialise in telling people that stock prices will continue to go up because they’ve been going up. This is a sales trick that is as old as the hills. As EB White, my favourite non-fiction writer, wrote in The New Yorker magazine in 1929: “The collapse of the market, over and above the pain, couldn’t help but be amusing… The quake, furthermore, verified our suspicion that our wise and talky friends hadn’t known for months what they were talking about when they were discussing stocks.” The point being the finfluencers and the OPM-wallahs have an incentive to sell what they do, irrespective of the state of the stock market. But it’s the bachcha party’s incentive to figure out what’s right for them. Will they? Julian Barnes in his book ‘Flaubert’s Parrot’ quotes the French writer Gustave Flaubert as saying: “Whatever else happens, we shall remain stupid.” The stock market party was never about investing – it was about belief. The bachcha party bought stories, not stocks. Now the bill has arrived. Markets ultimately punish hope that is dressed up as a certainty. The next cycle will come, with new stories. The only question is: Will the bachcha party pay twice for the same lesson? Their parents clearly did. mumbaimirror.indiatimes.com/opinion/party-…

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Kartikeya Bhatotia
Kartikeya Bhatotia@bhatoti·
@mattyglesias @TheEmissaryCo Yep. the entire point is that the welfare loss per dollar is much higher for low income Indians even if the macro exposure looks manageable for India overall.
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Matthew Yglesias
Matthew Yglesias@mattyglesias·
@TheEmissaryCo I don’t think that’s right, the loss of access to discounted sanctioned Russian oil is very bad for them — indirect impact.
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Matthew Yglesias
Matthew Yglesias@mattyglesias·
I guess if you are a sociopath, the fact that the economic downside of this war is much worse for India than for the United States counts as an argument in its favor but this is truly some wild long-term geopolitics we are engaged in.
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Veena
Veena@veenavenugopal·
This is the front page of today’s @timesofindia. Count the number of avoidable deaths.
Veena tweet media
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Rishabh Kumar
Rishabh Kumar@Kumar_EconIneq·
There is troubling long run steady state where much employment growth for the urban “working class” is contingent on demand from the top 10% - maids, cooks, drivers, peons etc. Much corporate ‘innovation’ itself targeted marketizing this labor market of “convenience or petty services.” Locked into a dangerous and structurally stagnant growth model. Chronic inadequacy of demand will bite harder
rathin roy@EmergingRoy

@anusharavi10 @ProsaicView

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Nature India
Nature India@NatureInd·
A common waterborne bacterium found across South Asian rivers, ponds and wastewater systems carries widespread resistance to multiple antibiotics — including drugs of last resort nature.com/articles/d4415…
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menaka doshi
menaka doshi@menakadoshi·
The problem of graduate unemployment is widening in India. Salaried-job creation significantly lags rising education levels and an expanding youth population. India Edition daily (free read 👇) bloomberg.com/news/newslette…?
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Rohan Paul
Rohan Paul@rohanpaul_ai·
Brilliant economic paper, directly models the "Structural Jevons Paradox" happening right now in the AI industry. The cost of running an LLM is dropping, but total computing energy is exploding anyway. It mathematically proves that as the unit cost of digital intelligence and coding drops, the aggregate demand for complex AI agents and the infrastructure to support them surges exponentially, creating a massive new downstream ecosystem that requires human management. Reveals a massive paradox where dropping the price of AI usage does not save money, but instead encourages developers to build vastly more complex agents that eat up exponentially more computing power. Because of this relentless progress, small companies building simple applications on top of these models get completely crushed as the core AI naturally absorbs those exact same features over time. They also discovered a brutal dynamic where a perfectly working LLM becomes economically worthless the moment a competitor releases a smarter version. Ultimately, the researchers prove that this combination of massive computing costs and the need for constant user data naturally pushes the entire AI industry toward an unavoidable monopoly. --- arxiv. org/pdf/2601.12339v1 "The Economics of Digital Intelligence Capital"
Rohan Paul tweet media
Rohan Paul@rohanpaul_ai

Citadel Securities published this graph showing a strange phenomenon. Job postings for software engineers are actually seeing a spike. The graph here is short term but still it's super interesting and really strange. Is it Jevons paradox at play. When AI makes coding cheaper, companies actually may need a lot more software engineers, not fewer. When software is cheaper to build, companies naturally want to build a lot more of it. Businesses are now putting software into industries and tools where it was simply too expensive before. --- Chart from citadelsecurities .com/news-and-insights/2026-global-intelligence-crisis/

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Kartikeya Bhatotia
Kartikeya Bhatotia@bhatoti·
@SagirAhmed98 They’ve done it before. In 1986 and 2018, Kaziranaga relocated several rhinos to Dudhwa in UP.
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Sagir Ahmed สกิรอาห์เมด
Something I appreciate about conservation efforts in Assam is that state pride isn't turned into state property. The species are regularly exported and repopulated in other parts and in other states that previously had them. I wish for the return of our lost ecosystems on earth.
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Gerardo L. Munck
Gerardo L. Munck@GerardoMunck·
I have reviewed global democracy indices and have serious doubts about the value of continuous measures of democracy. The most modest ones, that solely distinguish between democracy and autocracy, are the only credible ones. Here are some comments on these democracy indices.👇
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Financial Times
Belgian aristocrat to face charges over murder of Congo’s first premier ft.trib.al/EnMaEnK
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Eye On Axis
Eye On Axis@eyeonaxis·
Humanity on the C train. New York, 2017 | Rachel MacKnight
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রাজ শেখর
রাজ শেখর@DiscourseDancer·
Mildly scared of tweeting anything else today.
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Kartikeya Bhatotia
Kartikeya Bhatotia@bhatoti·
@PratitiLikhchi And not even sure whether informal interventions like social media statements help at all except satiating a few online advocates. It may be the bigger "tokenistic" intervention after all.
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Kartikeya Bhatotia
Kartikeya Bhatotia@bhatoti·
@PratitiLikhchi Well, no. But not sure why that is the expectation. She hasn't had a formal opportunity to voice her opinion as a parliamentarian. So silence being a foregone conclusion does seem like jumping the gun.
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Pratiti
Pratiti@PratitiLikhchi·
Has our historic first queer representation queen Menaka Guruswamy said anything about the trans persons amendment bill? No?
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