Thursday, July 22, 2004

Time to roll back baby

It’s rollback time. The dictionary defines rollback as a turning back or retreat, as from a previously held position or policy.

A fortnight after Union Finance Minister P. Chidamarabam presented his Budget, he took one step backward yesterday. The transaction charge on share market was brought down and bonds were exempted.

Share brokers were saying they will be broke and decided to strike, and Dalal Street was left bleeding. Since the bourse’s health happens to be the indicator of economy’s wellbeing, Papa Chidambram decided to decided to spare the rod. Now before you start rolling your eyes in anticipation, he hasn’t said anything about service tax yet.

Stephen Hawking, the celebrated physicist, has retracted parts of his black hole theory. He conceded yesterday he was wrong about his idea, long held as the final word by the rest of the world: black holes, the celestial vortexes formed from collapsed stars, destroy all molecular fingerprints of their contents.

Now, he says black holes, preserve traces of objects swallowed up and eventually could spit bits out “in a mangled form.”

Hawking's radical new theory caps his three-decade struggle to explain a paradox in scientific thinking: How can objects really “disappear” inside a black hole and leave no trace, as he long thought, when subatomic theory says that matter can be transformed but never fully destroyed?

After Sourav Ganguly’s decision to open with Parthiv Patel opened a can of worms, he went back to the mighty pair of Sachin and Sehwag.

The day Parthiv opened the match against Sri Lanka, India lost in a not-so-nail-biting finish. After biting dust and attracting bad bites from critics, his rollback decision worked. Though the contender was the eternal Test cricket pretender Bangladesh, Sachin and Sourav got back their form and the win was convincing.


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