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, 6 tweets, 2 min read
A short thread on a bunch of consumer finance stories we have done in the past year. The dots, when connected, tell you how the consumer economy is changing. 1/6👇
Unlike earlier generations, this generation does not believe debt is only for assets. It's the new 'working capital' as one banker aptly put it. 2/6

bloombergquint.com/global-economi…
Where there is demand, there is supply. As youngest look for debt for things other than houses and cars, there is an EMI-scheme for everything from shoes to cosmetic surgery 3/6

bloombergquint.com/business/where…
Everyone is thronging to this consumer credit story. But not everyone can lend to high-score customers. And so NBFCs are targeting higher risk customers 4/6

bloombergquint.com/bq-blue-exclus…
This shift towards below-prime customers has been accelerated by the slowdown in other secured lending segments. It's showing up in data but delinquencies are low right now. 5/6
bloombergquint.com/business/lende…
At a macro level, the result is higher consumption-falling saving- some rise in leverage. Nothing alarming yet but changing for sure. 6/6
bloombergquint.com/bq-blue-exclus…
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Ira Dugal
@dugalira
A thread on this Yes Bank-Paytm/ Rana Kapoor potential deal.

1) For the bank (if Paytm is not just buying equity from RK), all is gets is capital. If anyone thinks getting a tech company on board is going to help bank’s revival plan, they are being hopeful at best. 1/6
2. The bank still needs to clean up, strengthen its liability franchise and improve profitability. This plan to use its UPI customer base to sell more loan products is ambitious as even admitted by HDFC Bank. 2/6
3. So for the bank, the relief is capital and only capital. If the deal is between Rana Kapoor and PayTM, then the bank doesn’t even get the capital. 3/6
Read 6 tweets
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Ira Dugal
@dugalira
@rupasubramanya The order is an interesting read (from the parts I have read). Suggests rbi counsel argued that if the Govt is insisting on this, they can ask the rbi to change directions under Sec 7...
@rupasubramanya Court then agrees in its order that the Govt needs to take a view. And sec 7 is perhaps envisaged for such situations. Eventually tells the Govt to consider beginning consultations under Sec 7....
@rupasubramanya Now I guess it’s a choice between power sector / perception of impinging on autonomy. bloombergquint.com/business/2018/…
Read 3 tweets

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Marc Owen Jones
@marcowenjones
[#Thread] To all those interested in [Arabic] Twitter, I have done an analysis of verified Twitter accounts in the Middle East (however broadly we interpret that term). I was mostly interested in majority Arabic speaking countries. #digitalhumanities
2/ Firstly special thanks to my RA @imaaaan_1 who collated the data. Methodologically, I was inspired by @luca who did a great post on verified users here > medium.com/startup-grind/… My aim was to focus in on specific Arabic-speaking countries, not all users :)
@imaaaan_1 @luca 3/ A note: I think verified users are important. Verification is increasingly used as a sign of credibility and legitimacy. Many people even pay for verified accounts. Whether we like it or not, Twitter as a social media company now has the ability to bestow upon users social
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Audrey Truschke
@AudreyTruschke
This is a good example for talking about how people use and abuse sources and why it is valuable to demand academic standards. short #THREAD #Mughal #history #Aurangzeb
First red flag - No source is given for the picture with text. It is a slightly adapted version of what's on the Wikipedia page for Dara Shukoh. Wikipedia's pages are full of misinformation on Indian history. Case in point: Bicholim conflict.
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Dr. Nyri A Bakkalian
@riversidewings
In the wake of yesterday's "Broadway Demons" thread, I realized my library has a Fold3 subscription, and I thought, let me look up the real Michael Keleshian and give him his due. This will be a short #thread about what I found-not much, but again, I want to give the man his due.
Michael Keleshian-- "Mike Kelley" in Father Duffy's memoir-- was born in Istanbul, circa 1893. At some point I have yet to work out, he came to the US with his family, either after the Hamidian Massacres of 1895, or at the beginning of the Armenian Genocide of 1915.
He had a brother, Constantin, and his records say he lived in lower Manhattan, at 317 East 26th Street. And on 17 August 1917, Michael Keleshian enlisted at the 69th Regiment Armory at 68 Lexington Avenue, a stone's throw from his home.
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Carrie A. Goldberg
@cagoldberglaw
Recently I was reviewing the financial records for everybody's favorite internet libertarian organization, @EFF. My goodness, I was surprised to see $3million (about 25% of their annual expenses) came from cy pres settlement awards in 2017. #Thread
"Cy pres" is a frequent device in class action lawsuits. When there are a lot of potential plaintiffs (including people who don't even know they're eligible for $$) who could all get a relatively small amount of money. So instead of locating the correct people to pay,
the court instead awards $ to organizations or institutions deemed worthy on the theory that paying these entities comes "as close as possible" to giving the money to the actual people who suffered whatever harm.
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ProfB
@AntheaButler
Ok so let's talk about when you shouldn't do an interview folks... #thread
Many of you academics want to be public, and that's great. But sometimes, our job is to tell the people who want to interview us that they have to come with the right questions.
If you call me, and haven't done a bit of homework, and you are asking me for resources, and you don't have an idea about the article you want to write, I'm not going to write it for you.. I can do that. Why tell you?
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