Looking past the poverty and ahead, if you sit on Indian investments you could be rewarded with plenty of profits.

Get ready for more ridiculous lawsuits. As I said yesterday, Bush signed a bill amending an obscure law called the “Foreign Sovereign Immunities Act,” earlier this year. The bill makes it easier for terrorist victims to recover civil damages. But what this bill will really do is launch an orgy of lawsuits that have nothing to do with terrorism.

The dollar’s slump is of great and immediate concern because, while the dollar has been slipping only gradually in the recent past, the rate of decline has picked up momentum.