rajesh purohit / blog

At age 14, in poverty and famine, a Malawian boy built a windmill to power his family's home. Now at 22, William Kamkwamba, who speaks at TED, here, for the second time, shares in his own words the moving tale of invention that changed his life. (Recorded at TEDGlobal 2009, July 2009, in Oxford, UK. Duration: 5:59)

Barclays selling trouble making assets? Not really. Here it is Barclays is spinning off $12.3bn (£7.47bn) of troublesome assets to a fund based in the Cayman Islands and run by two senior former employees of its Barclays Capital investment management arm. The bank is lending Protium, the newly created fund, $12.6bn to finance the deal, which is also being financed with $450m from the fund's partners. Loss making assets are sold to ex-employees. This is great news. But lending to same people for these troubled assets isn’t this investing in troubled assets? What Barclays want to achieve here? Are they trying to save some bucks over tax or trying to offload their own bed assets but in turn gaining “new” business by lending money to its bed asset buyers? Such types of banking tactics made me thing that economy is far from recovery…