The anchorless anchor

[email protected] (B.V. Rao for Arab News)
November 29, 2013

Arnab_GosamyFor most TV news consumers, Arnab Goswami is both a name and a phenomenon. But there are still large parts of the world to be conquered by Times Now's bulldog of an inquisitor.

B.V. Rao, editor of Governance Now, explains the name and the phenomenon to a childhood friend who lives in Canada.

Dear Sharada

Sometime ago during a Googlegroup discussion you innocently asked: “But who is Arnab?”.

In India not knowing Arnab is against national interest. You are lucky you live in Canada. But if you don't want to be deported on arrival on your next visit, you better pay attention to this complimentary crash course on the subject.

Arnab, as in Arnab Goswami, is India's most-watched prime time news anchor and editor-in-chief of Times Now. But designations don't even begin to describe him or what he is famous for.

You must have heard about hurricanes Katrina and Sandy. Arnab is also a storm, a news-storm that hits India every night via his show, the “Newshour.” Nobody is quite sure how, but somehow Arnab gets to know the questions that the “whole nation” wants answers for, or the sinners the nation wants hanged before midnight that night.

In effect then, Arnab speaks for a “billion-plus people” each time he takes the center stage.

I can't say for sure if he took this burden upon himself voluntarily or if his employers made it a contractual obligation. Whatever it is, the fact is that Arnab has come to relish asking the most “simple and direct” questions to the most dubious people demanding instant answers to complex problems because the “nation wants to know” and it wants to know “tonight” as in right now.

That's how impatient India has become while you've been away, Sharada.

The Newshour airs on weekdays from 9 p.m. and continues till Arnab's pleasure lasts. Often the show stretches up to 10.50 pm. That's actually “News hour-and-three-quarters-and-then-some” but I guess Arnab has not asked himself a “simple, direct” question: How many minutes make an hour?

That, or his primary school math's teacher is not his viewer. In which case it is safe to say Arnab speaks for a billion-plus minus one Indians.

You will see that at the altar of national interest it is not just the hour that is stretched. About two decades ago, Dileep Padgaonkar was the editor of the Times of India owned by the Jains off Bennett & Coleman who also own Times Now. Padgaonkar had pompously proclaimed that he held the second most important job in the country after the prime minister's.

Arnab hasn't said it, but I think he disagrees with Padgaonkar on the pecking order: It's now the prime minister who holds the second most important job in the country.

Hence Arnab runs the show like he would run the country or like the prime minister should but doesn't.

You see, Sharada, there's an awful lot of stuff the nation wants to know by nightfall but our prime minister isn't much of a talker. Arnab fills the needed gap. He opens his show with a passionate agenda-setting preamble that spells out all the problems of the day and how he wishes to solve them. We gratefully receive this wisdom and call it Arnab's Address to the Nation, a prime ministerial duty that has fallen on his broad shoulders because the real guy has abdicated it.

Let me tell you this, however. Arnab is a very reluctant power-grabber. It is not his intent to upstage the prime minister or make him look silly.

He gives the prime minister an entire day to prove his worth and gets to work only at 9 p.m. when it is clear that the latter can't handle stuff.

He then solves all outstanding national issues of the day in just one 110 minute-hour of feverish debates where he grills the skin off the back of everybody who dares to stand in the way of India's national interest.

He is unrelenting in his pursuit of the truth and doesn't give up unless everybody has agreed with him.

“I am worried”, “I am concerned”, “I won't let you politicize,” “I don't agree”, “you can't get away….” are some of the phrases he uses to suggest he is in complete control and that endears him to a nation starved of decision makers.

Arnab hates homework. He wants to settle everything here and now, tonight. As a result, in Arnab country, there is no trace of the policy paralysis that has grounded the prime minister in the real country. Here you get resolutions, decisions, orders, diktats, judgments, justice and denouements all in one place, one show, by one man.

The only people paralyzed are the subjects of his grilling and the bevy of experts he gathers around himself, not because he needs them, he doesn't, but because it must feel awfully good to invite experts and out-talk them on national prime time.

Like confused baboons trapped in little boxes, the experts, who are neatly arranged around Arnab's own imposing self in the center of the screen, keep staring into nothingness most of the time.

It is tough to figure out why Arnab needs any experts at all because he knows the answers to all his questions. Times Now insiders say that more often than not he finds questions to the answers he already has.

Corruption, political expediency, opportunism, forked tongues, doublespeak, dishonesty and hypocrisy, are red rags to Arnab. He takes them head-on with the help of his reporters who keep throwing up “documentary” evidence ever so often to expose scamsters.

Usually this is a thick sheaf of indistinguishable papers that Arnab holds up threateningly. It could be a bunch of used airline e-tickets for all we know, but since we don't, he waves the sheaf confidently in the face of the enemies of the nation and it is generally assumed he's got some incendiary stuff in there.

Arnab's problem-solving repertoire is not restricted to national boundaries. In fact, he is at his best when dealing with nations that have evil designs on India. The patriot in Arnab is best aroused when he is dealing with Pakistan.

He deals with Pakistan like no prime minister has ever been able to or decimates it like no Army has ever managed to. Each time a blade of grass bends to the breeze on the LoC, Arnab breathes fire at Pakistan for trying to sneak in terrorists into the country. He lines up a battery of serving and retired generals of Pakistan and conducts the verbal equivalent of a summary execution.

The Times of India, the country's oldest English newspaper and the mother brand from the Times Now stable runs Aman Ki Aasha (Hope for Peace), the widely-acclaimed campaign for ending India-Pakistan hostilities.

Just as Arnab doesn't seem to know of this campaign, the Times of India seems quite oblivious of the fact that the last time there was absolute peace on the LoC was when Arnab took a two-week holiday in early September. It could be the marketing genius of the Times group to milk the issue from both ends or it could also be that their internal boundaries are not as porous as our LoC.

Apart from conducting war exercises against Pakistan, Arnab land is eyeball-to-eyeball with China, exposes the double standards of America in almost anything it does and highlights the hypocrisy of racist Australia. Which loves the education dollars from India but not the brown students who come along with.

I can go on and on, Sharada, but everything good must come to an end and so must my Arnab eulogy.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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Agencies
January 26,2020

New Delhi, Jan 26: Google on Sunday marked India's 71st Republic Day by dedicating a doodle illustrating the country's rich cultural heritage that permeates and unites the diverse nation.

From its world-famous landmarks like the Taj Mahal and India Gate, to the wide array of fauna such as its national bird (the Indian peafowl), to classical arts, textiles, and dances, the doodle, designed by Singapore-based artist Meroo Seth, brings together the rich cultural heritage of the country.

Republic Day marks the completion of India's transition towards becoming an independent republic after its constitution came into effect. The governing document had taken nearly three years of careful deliberation to finalise, and its eventual enactment was joyfully celebrated across the country.

While the Constitution was adopted by the Indian Constituent Assembly on 26 November 1949, it came into effect on January 26 -- a day when Declaration of Indian Independence (Purna Swaraj) was proclaimed by the Indian National Congress back in 1929, as opposed to the Dominion status offered by the British Regime.

Festivities embody the essence of diversity found in one of the world's most populous nations, celebrated over a three-day period with cultural events displaying national pride.

Last year's doodle on Republic Day, designed by artist Reshidev RK, had featured Rashtrapati Bhavan in the background along with a display of the country's iconic monuments and heritage.

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Agencies
June 28,2020

The US space agency has thrown open a challenge to win over Rs 26 lakh, calling the global community to send novel design concepts for compact toilets that can operate in both microgravity and lunar gravity.

NASA is preparing for return to the Moon and innumerable activities to equip, shelter, and otherwise support future astronauts are underway.

The astronauts will be eating and drinking, and subsequently urinating and defecating in microgravity and lunar gravity.

NASA said that while astronauts are in the cabin and out of their spacesuits, they will need a toilet that has all the same capabilities as ones here on Earth.

The public designs for space toilet may be adapted for use in the Artemis lunar landers that take humans back to the Moon.

"Although space toilets already exist and are in use (at the International Space Station, for example), they are designed for microgravity only," the US space agency said in a statement.

NASA's Human Landing System Programme is looking for a next-generation device that is smaller, more efficient, and capable of working in both microgravity and lunar gravity.

The new NASA challenge includes a Technical category and Junior category and the last date to send designs is August 17.

NASA's Artemis Moon mission will land the first woman and next man on the lunar surface by 2024.

The Artemis programme is part of America's broader Moon to Mars exploration approach, in which astronauts will explore the Moon and experience gained there to enable humanity's next giant leap, sending humans to Mars.

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