Wednesday, February 29, 2012

Poem of the Day

Hard Life with Memory
by Wisława Szymborska

I’m a poor audience for my memory.
She wants me to attend her voice nonstop,
but I fidget, fuss,
listen and don’t,
step out, come back, then leave again.

She wants all my time and attention.
She’s got no problem when I sleep.
The day’s a different matter, which upsets her.

She thrusts old letters, snapshots at me eagerly,
stirs up events both important and un-,
turns my eyes to overlooked views,
peoples them with my dead.

In her stories I’m always younger.
Which is nice, but why always the same story.
Every mirror holds different news for me.

She gets angry when I shrug my shoulders.
And takes revenge by hauling out old errors,
weighty, but easily forgotten.
Looks into my eyes, checks my reaction.
Then comforts me, it could be worse.

She wants me to live only for her and with her.
Ideally in a dark, locked room,
but my plans still feature today’s sun,
clouds in progress, ongoing roads.

At times I get fed up with her.
I suggest a separation. From now to eternity.
Then she smiles at me with pity,
since she knows it would be the end of me too.

Tuesday, February 28, 2012

A Lesson to Learn from Chile vol.2

From today's FT comment section, an article by the finance minister of Chile:

Chile, for example, runs fiscal policy according to a structural rule whereby spending is determined by anticipated revenue, which depends on an independent committee’s estimates of the long-term copper price and potential output growth. Fiscal policy is countercyclical, resulting in a surplus in the good times and a deficit in the bad times. The rule has allowed Chile to accumulate more than $20bn (about 9 per cent of GDP) in sovereign wealth funds, most of which can be used in case of significant shocks.

[...] These elements are at the core of the contingency plan we have been designing in Chile during the past few months. At recent meetings with my emerging market colleagues, especially from Latin America, we have discussed the design of contingency programmes that will enable us to respond effectively should the international outlook deteriorate further. In this way, emerging markets can not only help themselves but also help cushion the rest of the global economy. In other words, we now have a clear opportunity to be part of the solution instead of being part of the problem.

Addendum: Lesson vol.1

Thursday, February 16, 2012

Opportunity Knocks

The new kid on the block, particularly for China, is Mongolia, providing a rapidly developing alternative for Chinese buyers to Australian imports. Mongolian coking coal exports to China rose 37 percent year-on-year to 17.5 million tons in Jan-Nov 2011. With Mongolia’s expansions continuing, HSBC expects Mongolia’s coking coal exports to rise from 21 million tons in 2011 to 28 million tons in 2012.

Mongolian coal has both a grade and price advantage over domestic Chinese coking coal and a price advantage over Australian imports, so the trend of rising Mongolian imports to the detriment of Australia and the US is likely to continue in 2012. If Chinese steel production slows, or even contracts in 2012, this trend will simply be exacerbated.

Steelmakers Welcome Falling Coking Coal Price Trend via Mongoliana

Tuesday, February 14, 2012

Music of the Day: Амартvвшин

УДБЭТ-ын гоцлол дуучин Энхбатын Амартүвшин П.И.Чайковскийн "Нам звезды кроткие сияли"-г дуулж байна. An incredible rendition! Bravo, Bravo!

And here are some comments on the video:

milutina1: Увы,наши певцы должны теперь учиться у монгола,как петь Чайковского.
В большинстве своем они перестали владеть тайной душевного пения,
которая раньше отличала русских певцов.

Sa743512: да, и не только многие русские, вообще почти все певцы перестали владеть тайной пения душой. кто теряет духовность - не может петь сердцем, а значит не может передать сокровенную силу своего чувства зрителю. именно русский дух давал и даёт нашим певцам это свойство проникать в глубину сердца.
Амартувшин Энхбат поёт сердцем, это передаётся сразу. Дай Бог ему это сохранить!

Here's a much more impressive performance of Verdi's Rigoletto

+ Ж.Бямбажав "Благословляю вас, леса..."
+ Ч.Энхтайван: from Ruggero Leoncavallo's Pagliacci

Addendum: Mongolia: Ballet, a Soviet Legacy Continues To Thrive in Ulaanbaatar

Wednesday, February 01, 2012

Photo of the Day

Элчин сайд Д.Баярхүү ЛБНИУ-ын Ерөнхийлөгч Махмуд Ахмадинежадад итгэмжлэх жуух бичгээ барив

Addendum: New Mongolian ambassador submits his credentials to President Ahmadinejad + Ахмадинежадад бараалхсан торгон агшин