Word: monsoonal
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These islands are extremely dynamic, continuously changing shape in response to shifts in the monsoon winds. Each year, in fact, sand swirls around with the waves; beaches grow in one season and shrink in the next; and this process has been going on for a very long time. Geographer Paul Kench of New Zealand's University of Auckland has collected evidence suggesting that the islands of the Maldives emerged from the sea when their reefs were quite a bit lower than today, meaning that larger, more energetic waves would have slammed into them during a critical formative period. In their...
...pulling out a map of the islands, each one a dot on a ring of reef--an atoll--that traces out the shape of the mountain on which it formed. Here, Hameed notes, is the island of Kandholhudoo, whose residents experienced chronic flooding whenever high tides coincided with heavy monsoon rains. The last straw was the tsunami, which rendered all but eight of some 500 homes uninhabitable. Now, at the request of village leaders, the government is drawing up plans to move everyone to Dhuvaafaru, an uninhabited island about 12 miles away...
...proved a terrific place to lose money. If you had bet on the Sensex in, say, 1992, you would have been 30% poorer by 2003. But today there is an endless new supply of India-focused mutual and hedge funds, many with wonderfully alluring names like (my favorite) the Monsoon India Inflection Fund...
...have been 30% poorer by 2003. But investors have short memories, and financial firms create whatever products are suddenly in demand. Today, that means a new generation of India-focused mutual funds and hedge funds, often with wonderfully alluring names like (my favorite) the Monsoon India Inflection Fund. The most voguish vehicles of all are mid-cap funds that bet on riskier Indian companies that may one day grow up to be blue chips. In November and December alone, the CNX mid-cap index jumped 28%. Nilesh Shah, head of equity strategy at Kotak Securities in Bombay, says his team...
...Rich List of the London Sunday Times, his wealth is estimated at $7 million. But his output was limited and oddly conventional. He directed the disappointing historical epic The Four Feathers (2002) and helped produce Andrew Lloyd Webber's striking but lowbrow Bombay Dreams (2004). Naseeruddin Shah, star of Monsoon Wedding and Kapur's 1983 debut Masoom (The Innocent), acknowledges Kapur's gift, calling him "the only Indian filmmaker of international standard." But he prefers his earlier works, like Bandit Queen, about Indian outlaw Phoolan Devi, and wonders whether the riches that dazzled the accountant have also blinded the director...