MetaFilter posts tagged with Bhattacharya

Debashish Bhattacharya, slide guitarist from India

flapjax at midnite — Mon, 07 Dec 2009 23:10:01 -0800

Have you heard the Indian slide guitarist Debashish Bhattacharya? He's really very very very very good. Here's the Debashish Bhattacharya official site, and the Wiki page. See also: nickyskye's excellent post from June 2009 on Indian slide guitarist Van Shipley.

Van Shipley and slide guitar music in India

nickyskye — Sun, 14 Jun 2009 10:37:43 -0800

Van Shipley was the first electric guitarist in India. The name Van Shipley is Methodist, he [was] from Lucknow [Uttar Pradesh, India]. He designed his own electric eight string steel guitar in the 1940's. The reason he did this was that he'd studied Indian classical music under Ustad Alaudin Khan, the leading classical musician in India, who was also a contemporary of Ravi Shankar. He also studied the violin with a German teacher... so he made an eight string guitar, instead of a five string. His guitar was a solid guitar, designed to his style at the time, it was futuristic. Van Shipley "Aawara Hun" & "Mujhe Kisi Se Pyar Ho Gaya" -.mp3 Van Shipley - Hum Donon Do Premi Duniya chor Chale -.mp3 More clips of Van Shipley's music from the excellent site, Hamara CD, packed with free gem sound clips from the Indian subcontinent, where you can also customize your own cd. Steel Guitar In India, Country Music From Another Country! l Debashish Bhattacharya is another Indian slide guitar musician who plays classical Indian music on the Hawaiian guitar, introduced to India through the music of Tau Moe l Indian Classical music on Hawaiian guitar l Another example of Indian classical music on Hawaiian guitar l Interview and concert footage of legendary world blues and slide guitar master Bob Brozman.

Ponzi Scheme, Credit Default Swaps in 2004 vs. 2008

Rafaelloello — Tue, 23 Sep 2008 03:46:05 -0800

"As no rational agent would be willing to take part in the last round in a finite economy, it is difficult to design Ponzi schemes that are certain to explode. This paper argues that if agents correctly believe in the possibility of a partial bailout when a gigantic Ponzi scheme collapses, and they recognize that a bailout is tantamount to a redistribution of wealth from non-participants to participants, it may be rational for agents to participate, even if they know that it is the last round. We model a political economy where an unscrupulous profit-maximizing promoter can design gigantic Ponzi schemes to cynically exploit this "too big to fail" doctrine." Sounds like something written this month in New York? Nope. The correct answer would be Bloomington, Indianna in 2003 Utpal Bhattacharya wrote On the Possibility of Ponzi Schemes in Transition Economies in 2001, but the above quote is from The Optimal Design of Ponzi Schemes in Finite Economies in 2003. Bhattacharya's proof works only where more than half the population takes part (hmm... How many people own homes?) Despite the Enron collapse and the published works of scholars like Bhattacharya, The $3.5 Trillion CDS market was still viewed this way in 2004. The current (collapsing) $64 Trillion CDS market is viewed a little differently in 2008. BTW, as of Yesterday, New York is going to try to regulate the CDS market. Good Luck NY.