Late-night legend David Letterman’s ugly personality no laughing matter, former colleagues say

(THIS ARTICLE IS COURTESY OF ‘THE NEW YORK DAILY NEWS’)

Late-night legend David Letterman’s ugly personality no laughing matter, former colleagues say

Late-night funnyman David Letterman was hardly a barrel of laughs off the air.A new biography of the now-retired talk show host portrays Letterman as more self-loathing than self-critical — and an often miserable man who inflicted his pain on his staff.

“He was never truly comfortable unless he was seething with unhappiness at something,” one longtime writer told author Jason Zinoman in “Letterman: The Last Giant of Late Night.”

In fact, few of the acerbic Letterman’s close colleagues sang his praises to Zinoman.

Deli sandwich named for Stephen Colbert ahead of ‘Late Show’

Letterman’s demeanor soured after July 1995, when his CBS front-running program dipped to second place behind “The Tonight Show” with former friend-turned-enemy Jay Leno.

Letterman infamously sucked on a strand of Jennifer Aniston's hair.

Letterman infamously sucked on a strand of Jennifer Aniston’s hair.

(CBS)

Viewers flipped to NBC when Leno landed an interview with actor Hugh Grant, fresh off his arrest for soliciting a hooker improbably named Divine Brown.

Many never returned, curdling Letterman’s on-air persona.

He became more openly caustic as his comedy took a sadistic turn. One night, after his “Late Show” was whipped in the ratings by both “The Tonight Show” and “Nightline,” his rage visibly surfaced.

What Stephen Colbert can do better on ‘Late Show’

A comedy bit called for a life-size Letterman doll to sit in the guest’s chair. Seemingly on the spur of the moment, Letterman punched the doll — to much audience laughter.

The laughs continued as he landed a few more blows. And then the 580-seat theater went silent when Letterman fell into a frenzy of punching and slapping his plastic alter ego.

Obviously, something was wrong with Dave.

“People don’t understand why you’re behaving the way you’re behaving,” said Rob Burnett, a trusted colleague and the head of Letterman’s Worldwide Pants production company, in a candid chat with his boss.

Stephen Colbert has to deal with ghosts on ‘Late Show’

Letterman’s anger wasn’t all directed inward, and he became upset with pretty much everyone on the show.

A retired Letterman sporting a fierce beard.

A retired Letterman sporting a fierce beard.

(SPLASH NEWS/SPLASH NEWS)

Burnett returned as executive producer, but things became strained. His unique ability to manage his boss’ dark moods ended with a “falling-out,” according to Burnett.

Their relationship eroded to the point where they were barely speaking. According to a veteran producer, “everything changed after that.”

A veteran staffer who served under Letterman through both his late-night shows observed that getting close to the boss was perilous: “There comes a moment when he turns on you.”

David Letterman donating ‘Late Show’ props to Ball State

The tale of Tim Long, one of several head writers hired during the show’s run, was typical. Unable to deal with the host’s constant rejections and dark moods, Long took to chewing Coke cans — and swallowing pieces of tin.

Not Released (NR)

Competitor Jay Leno leapt to fame after viewers flipped to watch his interview with actor Hugh Grant, fresh off a prostitution sting. Letterman lost a chunk of viewers to Leno and his more affable personality.

(GETTY IMAGES/GETTY IMAGES)

Even the famously mellow Paul Shaffer lashed out at Letterman one night when Todd Rundgren sat in with the band.

Letterman kept pushing and needling, trying to get Rundgren to do more than the one number done in rehearsal.

“The cat flies in to do us a favor and you just want what you want,” Shaffer yelled at his boss.

Richard Simmons’ wildest ‘David Letterman Show’ moments

It embarrassed Shaffer so much the moment was cut from the show before airing, even though Letterman said he was fine with it.

Not Released (NR)

Letterman chatted with racing icon Mario Andretti before the start of the 2007 Indy 500.

(MICHAEL HICKEY/WIREIMAGE)

The irony: Letterman was miserable even when his ratings put the show at No. 1 in late-night viewers. In 1993, he walked away from NBC after the network chose Leno to succeed Johnny Carson, taking the 11:30 p.m. slot on rival CBS for his “Late Show With David Letterman.”

CBS offered Letterman a then-record deal with a $16 million annual salary. The payoff was immediate as Letterman seized the ratings lead against the once-invincible “Tonight.”

Yet Letterman remained miserable. “He always complained from the very beginning,” recalled one producer.

Top 10 Things David Letterman Looks Like

Things went downhill from there.

Not Released (NR)

Letterman appeared alongside girlfriend Merrill Markoe during a 1982 photo shoot.

(GEORGE ROSE/GETTY IMAGES)

“It got worse when he went to CBS,” recalled Shaffer. “Any flaw, minor flaw, he exaggerated. He was most uncomfortable at No. 1.”

Comic Rich Hall, a writer for Letterman’s NBC show, was floored by the host’s new, abrasive nature when he appeared as a guest. Hall followed actress Andie MacDowell, who had just flopped in her segment. Before the cameras came on, Letterman leaned over and snarled, “How’d you like to be married to that c—?”

What the author calls Letterman’s “ferocious fear of failure” was there from the first.

‘The David Letterman Show’ debuts on NBC in 1980

The feeling of foreboding was exacerbated by the 1980 cancellation of his NBC morning show, “The David Letterman Show,” within months of its debut.

Barbara Walters appeared on Letterman's "Late Show."

Barbara Walters appeared on Letterman’s “Late Show.”

(CBS)

His girlfriend at the time and for years to come, Merrill Markoe, was a brilliantly inventive comedy writer and instrumental in shaping the show.

Markoe, who rarely comments on Letterman publicly, told the author about the resulting fallout.

“If it weren’t for you and your crazy ideas,” Letterman shouted at her on the street, “I’d still have a talk show like John Davidson!”

David Letterman is hypochondriac, new book claims

It’s a comment funny only in retrospect.

Letterman bandleader Paul Shaffer.

Letterman bandleader Paul Shaffer.

(SUSAN RAGAN/ASSOCIATED PRESS)

Markoe became head writer on NBC’s “Late Night With David Letterman” from the first show in 1982 — and suffered for that, too.

Every night after the show, an agonized Letterman would lock himself in his office with Markoe.

“The last 10 months have included a nightly discussion about what a failure we are,” she once noted.

David Letterman debuts bearded retirement look in St. Barts

In those days, the acid-tongued Letterman would hang out, trading barbs with the writers. His targets learned not to return in kind, as the hurt would show on Letterman’s face.

17052

Letterman shakes hands with late-night predecessor Johnny Carson.

(STEVE FRIEDMAN/ASSOCIATED PRESS)

“He was very sensitive,” says Barbara Gaines, a producer who remained with Letterman until his 2015 retirement.

By the end of the ’80s, Letterman was the king of hip and cool. He now smoked cigars and assumed “a statelier air.” Notably, he no longer made a show of despising celebrities, as he had for a decade.

When Barbara Walters booked him as a guest interview on one of her specials, he walked around the office openly expressing his admiration for her.

David Letterman takes on President Trump, late night show hosts

“What happened, Dave?” asked head writer Steven O’Donnell.

4358

Letterman at a 1982 NBC reception honoring the announcement of his show.

(AP)

“They are like my peers now,” the host told him.

It was during that era that Letterman started abruptly turning on longtime, trusted colleagues. Barry Sand, a producer and ally since the morning show, suddenly could do nothing right.

After a guest canceled at the last minute, Sand scrambled and was able to book Mel Gibson — then at the height of his fame. Letterman turned on the producer and snarled, “Who the hell wants Mel Gibson? I don’t want Mel Gibson.”

Letterman: ‘I was wrong,’ Trump is racist

He opted instead for Kamarr the Discount Magician. Sand was soon gone.

Letterman in a 1984 promotional photo.

Letterman in a 1984 promotional photo.

(SUSAN WOOD/GETTY IMAGES/GETTY IMAGES)

In the rush of his success, the formerly prudish Letterman switched up his persona, booking “leggy supermodels” as frequent and welcome guests.

The phrase “leggy supermodels” was funny, but Letterman’s leers came off as sincere and appreciative.

Boorish advances became his signature. Sitting next to Jerry Hall, whose breasts exploded from her dress, he openly enjoyed the view.

David Letterman returning to TV on climate change series

“I get the awful feeling I may have overinflated my tires,” quipped Letterman.

Letterman announced his new CBS contract in a 1993 press conference.

Letterman announced his new CBS contract in a 1993 press conference.

(ALEX BRANDON/ASSOCIATED PRESS)

On one cringeworthy show, he sucked on a strand of Jennifer Aniston’s hair.

Zinoman writes that after a time, the satire faded away to show the bits for what they were — a rich and famous man indulging his fantasies.

“As he got older, Letterman increasingly played the horny creep,” he writes.

David Letterman ‘would have gone right after Donald Trump’

By the time he was an eminence grise on CBS, he became “crudely sexual” in his interviews. The camera would slowly pan over the legs of Aniston or Gwen Stefani as he delivered lascivious comments.

Letterman: The Last Giant of Late Night

Letterman: The Last Giant of Late Night

“He seemed like a pervy old man at times,” says one of his head writers, Eric Stangel.

Even before the 2009 scandal when an affair with an assistant exposed Letterman to an extortion try, the host interacted infrequently with most of the show staff.

The only trusted colleagues were those who had worked with Letterman for decades — at least, those left standing.

David Letterman thinks a woman should’ve been ‘Late Show’ host

Letterman just couldn’t bring himself to talk to people.

It seems, though, that after a year and a half in retirement, Letterman is now eager to chat.

In an interview with New York magazine, Letterman claims his son, Harry, 13, doesn’t like being in public with him.

Not because of his snow-white mountain man beard, but because he talks too much to everyone.

Letterman says he’ll fake his death if Rahal doesn’t win Indy 500

Letterman might have been kidding. Or not.

Tags:
DAVID LETTERMAN
BOOKS

Send a Letter to the Editor

Russian journalist, Putin critic dies of injuries after mysterious attack

(THIS ARTICLE IS COURTESY OF FOX NEWS)

VLADIMIR PUTIN

Russian journalist, Putin critic dies of injuries after mysterious attack

Nikolai Andrushchenko in October 2016.

Nikolai Andrushchenko in October 2016.  (AP Photo/Denis Usov)

A prominent Russian journalist – who was also a prominent critic of Russian president Vladimir Putin – died Wednesday from injuries sustained during a mysterious attack six weeks ago in St. Petersburg.

Nikolai Andrushchenko’s death was reported by Russian media outlets that cited his lawyer and the editor-in-chief of the Novy Peterburg newspaper. State news agency RIA Novosti reported Andrushchenko, 73, had been in a medically induced coma since the March 9 attack.

RUSSIA’S SUPREME COURT BANS JEHOVAH’S WITNESSES

Andrushchenko’s attackers have not been identified. The editor of RIA Novosti has linked the assault to articles in the newspaper about corruption in St. Petersburg.

Andrushchenko was a member of the St. Petersburg city council from 1990 until 1993. He was among the founders of Novy Peterburg, where he made a name for himself writing about human rights issues and crime.

He was jailed in 2007 for defamation — but his colleagues said the court was punishing him for its news coverage giving a voice to the opposition, according to the Committee to Protect Journalists.

The Associated Press contributed to this report.

Tesla Set to Unveil Electric Semi-Truck in September

(THIS ARTICLE IS COURTESY OF THE NEW YORK TIMES AND THE ASSOCIATED PRESS)

DETROIT — Tesla Inc. CEO Elon Musk says the company plans to unveil an electric semi-truck in September.

Musk tweeted the announcement Thursday. He offered no other details about the semi, such as whether it will be equipped with Tesla’s partially self-driving Autopilot mode.

Musk also said the company plans to unveil a pickup truck in 18 to 24 months.

Tesla currently sells two electric vehicles, the Model S sedan and Model X SUV. Its lower-cost Model 3 electric car is due out by the end of this year.

But Musk revealed last summer that the Palo Alto, California-based company is working on several more vehicles, including the semi and a minibus.

Tesla shares rose nearly 3 percent in late trading Thursday in response to Musk’s tweet.

Poland Confirms Minnesota Man Was Nazi Commander

(THIS ARTICLE IS COURTESY OF THE WASHINGTON POST)

Poland confirms Minnesota man was Nazi commander

March 13 at 2:37 PM
WARSAW, Poland — Poland will seek the arrest and extradition of a Minnesota man exposed by The Associated Press as a former commander in an SS-led unit that burned Polish villages and killed civilians in World War II, prosecutors said Monday.Prosecutor Robert Janicki said evidence gathered over years of investigation into U.S. citizen Michael K. confirmed “100 percent” that he was a commander of a unit in the SS-led Ukrainian Self Defense Legion.He did not release the last name in line with privacy laws but the AP has identified the man as 98-year-old Michael Karkoc, from Minneapolis.

“All the pieces of evidence interwoven together allow us to say the person who lives in the U.S. is Michael K., who commanded the Ukrainian Self Defense Legion which carried out the pacification of Polish villages in the Lublin region,” Janicki said.

The decision in Poland comes four years after the AP published a story establishing that Michael Karkoc commanded the unit, based on wartime documents, testimony from other members of the unit and Karkoc’s own Ukrainian-language memoir.

Karkoc’s family has repeatedly denied he was involved in any war crimes and his son questioned the validity of the evidence against him after Poland’s announcement, calling the accusations “scandalous and baseless slanders.”

“There’s nothing in the historical record that indicates my father had any role whatsoever in any type of war crime activity,” said Andriy Karkoc.

He questioned the Polish investigation, saying “my father’s identity has never been in question nor has it ever been hidden.”

Prosecutors with the state National Remembrance Institute, which investigates Nazi and Communist-era crimes against Poles, have asked a regional court in Lublin to issue an arrest warrant for Karkoc. If granted, Poland would seek his extradition, as Poland does not allow trial in absentia, Janicki said.

“The prosecutor in Lublin intends to direct a motion to the U.S. justice authorities asking that the suspect … be handed over to Poland,” the institute said in a statement.

Janicki added the man’s age was no obstacle in seeking to bring him before justice.

“He is our suspect as of today,” Janicki said.

If convicted of contributing to the killing of civilians in 1944, Karkoc could face life in prison.

The U.S. attorney’s office in Minnesota declined to comment on the case.

Efraim Zuroff, the head Nazi hunter for the Simon Wiesenthal Center, applauded the decision as an important signal even at this late stage.

“Any legal step that’s taken against these people is very important,” he said by telephone from Jerusalem. “It sends a very powerful message, and these kinds of things should not be abandoned just because of the age of a suspect.”

Prosecutors in Germany shelved their own investigation of Karkoc in 2015 after saying they had received “comprehensive medical documentation” from doctors at the geriatric hospital in the U.S. where he was being treated that led them to conclude he was not fit for trial.

Karkoc’s family says he suffers from Alzheimer’s disease.

Zuroff urged that he be reassessed by independent doctors.

“It is a very common occurrence that elderly individuals facing prosecution for World War II crimes make every effort to look as sick and as infirm as possible,” he said.

The investigations in Germany and Poland began after AP’s story in June 2013, which established Karkoc was a commander of the unit and then lied to American immigration officials to get into the United States a few years after the war.

A second report uncovered evidence that Karkoc himself ordered his men in 1944 to attack a Polish village in which dozens of civilians were killed, contradicting statements from his family that he was never at the scene.

“The Associated Press stands by its stories, which were well-documented and thoroughly reported,” said Lauren Easton, director of AP’s media relations, on Monday.

The special German prosecutor’s office that investigates Nazi crimes concluded that enough evidence existed to pursue murder charges against Karkoc.

AP’s initial investigation found that Karkoc entered the U.S. in 1949 by failing to disclose to American authorities his role as a commander in the SS-led Ukrainian Self Defense Legion. The investigation found that Karkoc was in the area of the massacres, but did not uncover evidence linking him directly to atrocities.

The second story, based upon an investigative file originally from the Ukrainian intelligence agency’s archive, revealed that a private under Karkoc’s command testified in 1968 that Karkoc ordered an assault on the village of Chlaniow in retaliation for the slaying of the SS major who led the Legion, in which Karkoc was a company commander.

A German roster of the unit confirmed that Pvt. Ivan Sharko, a Ukrainian, served under Karkoc’s command at the time.

Other eyewitness accounts, both from villagers and members of Karkoc’s unit, corroborated the testimony that the company set buildings on fire and gunned down more than 40 men, women and children.

Other soldiers who served under Karkoc backed up Sharko’s testimony about civilian killings.

Pvt. Vasyl Malazhenski, for example, told Soviet investigators that in 1944 that unit was directed to “liquidate all the residents” of Chlaniow — although he did not say who gave the order.

Sharko also testified in the investigative documents that Karkoc’s company was directly involved in a “punitive mission” against Poles near the village of Sagryn in 1944.

Rising reported from Berlin. Steve Karnowski in Minneapolis contributed to this report.

Pope Francis: Read The Bible As Often As You Check Your Cellphone

(THIS ARTICLE IS COURTESY OF TIME AND THE VATICAN AND THE ASSOCIATED PRESS)

Pope Francis: Read the Bible as Often as You Check Your Cellphone

12:51 PM Eastern

(VATICAN CITY) — Pope Francis has called on the faithful to consult the Bible with the same frequency as they might consult their cellphones for messages.

Francis urged a packed St. Peter’s Square following his weekly Angelus blessing Sunday to give the Bible the same place in daily life as cellphones, asking: “What would happen if we turned back when we forget it, if we opened it more times a day, if we read the message of God contained in the Bible the way we read messages on our cellphones.”

The message was a twist on Francis’ frequent use of social media to reach the faithful, including regular messages on Twitter.

A Scourge To Human Morality: 110 Women And Children Have Starved To Death In Somalia In Last 48 Hours

(THIS ARTICLE IS COURTESY OF NBC NEWS AND THE ASSOCIATED PRESS)

MAR 5 2017, 3:06 PM ET

Somalia: 110 Dead From Hunger in Past 48 Hours in Drought

MOGADISHU, Somalia — Somalia’s prime minister announced Saturday that 110 people have died from hunger in the past 48 hours in a single region as a severe drought threatens millions of people across the country.

It was the first death toll announced by Somalia’s government since it declared the drought a national disaster on Tuesday. The United Nations estimates that 5 million people in this Horn of Africa nation need aid, amid warnings of a full-blown famine.

Prime Minister Hassan Ali Khaire spoke during a meeting with the Somali National Drought Committee. The death toll he announced is from the Bay region in the southwest part of the country alone.

Somalia was one of four regions singled out by the U.N. secretary-general last month in a $4.4 billion aid appeal to avert catastrophic hunger and famine, along with northeast Nigeria, South Sudan and Yemen. All are connected by a thread of violent conflict, the U.N. chief said.

The U.N. humanitarian coordinator, Stephen O’Brien, was expected to visit Somalia in the next few days.

Image: Abdullahi Mohamud, 5, cries next to his mother Sahro Mohamed Mumin, 30, and brother, Abdulrahman Mahamud, 2, as a nurse struggles to find a vein for an injection at a government run health clinic in Shada, Somalia.
Abdullahi Mohamud, 5, cries next to his mother Sahro Mohamed Mumin, 30, and brother, Abdulrahman Mahamud, 2, as a nurse struggles to find a vein for an injection at a government-run health clinic in Shada, Somalia. Andrew Renneisen / Getty Images

Thousands have been streaming into Somalia’s capital, Mogadishu, in search of food aid, overwhelming local and international aid agencies. Over 7,000 internally displaced people checked into one feeding center recently.

The drought is the first crisis for Somalia’s newly elected Somali-American leader, President Mohamed Abdullahi Mohamed. Previous droughts and a quarter-century of conflict, including ongoing attacks by extremist group al-Shabab, have left the country fragile. Mohamed has appealed to the international community and Somalia’s diaspora of 2 million people for help.

About 363,000 acutely malnourished children in Somalia “need urgent treatment and nutrition support, including 71,000 who are severely malnourished,” the U.S. Agency for International Development’s Famine Early Warning Systems Network has warned.

Because of a lack of clean water in many areas, there is the additional threat of cholera and other diseases, U.N. experts say. Some deaths from cholera already have been reported.

The government has said the widespread hunger “makes people vulnerable to exploitation, human rights abuses and to criminal and terrorist networks.”

The U.N. humanitarian appeal for 2017 for Somalia is $864 million to provide assistance to 3.9 million people. But the U.N. World Food Program recently requested an additional $26 million plan to respond to the drought.

Corrupt Leaning Romanian Government Survives No Confidence Vote After Hundreds Of Thousands Protest

(THIS ARTICLE IS COURTESY OF TIME AND THE ASSOCIATED PRESS)

 

Romania’s Government Survives Vote of No Confidence Amid Protests

9:13 AM Eastern

(BUCHAREST, Romania) — Romania’s center-left government has survived a parliamentary vote of no confidence after mass protests.

Ioana Bran, the parliamentary secretary said 161 lawmakers voted in support of the motion, short of the 232 votes needed for it to pass.

“We can say that the necessary majority has not been met, according to the constitution, for the vote to pass,” Bran said.

Hundreds of thousands of people protested against the government after it passed an emergency ordinance last week to decriminalize some official corruption.

The government eventually scrapped the ordinance and the bill will now be debated and approved by the parliament.

California Parole Board Recommends Parole For Charles Manson

(THIS ARTICLE IS COURTESY OF FOX NEWS)

SACRAMENTO, California  — A state panel has recommended paroling a former follower of cult leader Charles Manson after California governors blocked four previous recommendations for his release.

The 31st parole hearing for 74-year-old Bruce Davis was held Wednesday, February 1st at the California Men’s Colony at San Luis Abispo.

Gov. Jerry Brown will have the final say on whether Davis is released.

Davis is serving a life sentence for the 1969 slayings of musician Gary Hinman and stuntman Donald “Shorty” Shea.

He was not involved in the more notorious killings of actress Sharon Tate and six others by the Manson “family.”

Parole panels have decided before that Davis is no longer a public safety risk only to see governors — who have the final say on release — block his parole.

Massive lava stream exploding into ocean in Hawaii

(THIS ARTICLE IS COURTESY OF THE MIAMI HERALD)

Massive lava stream exploding into ocean in Hawaii

Benefits of Indian cash overhaul elusive as deadline passes

 

(THIS ARTICLE IS COURTESY OF FOX NEWS)

THE AMERICAS

Benefits of Indian cash overhaul elusive as deadline passes

  • In this Thursday, Dec. 29, 2016 photo, an Indian woman, who had come to deposit money, argues with a bank officer in New Delhi, India. On Nov. 8, India yanked most of its currency bills from circulation without warning, delivering a jolt to the country’s high-performing economy and leaving countless citizens scrambling for cash. Still, as Friday’s deadline for depositing old 500- and 1,000-rupee notes draws to a close, Prime Minister Narendra Modi’s government has called the demonetization drive a great success in drawing out tax dodgers and eliminating graft. (AP Photo/Altaf Qadri)

    In this Thursday, Dec. 29, 2016 photo, an Indian woman, who had come to deposit money, argues with a bank officer in New Delhi, India. On Nov. 8, India yanked most of its currency bills from circulation without warning, delivering a jolt to the country’s high-performing economy and leaving countless citizens scrambling for cash. Still, as Friday’s deadline for depositing old 500- and 1,000-rupee notes draws to a close, Prime Minister Narendra Modi’s government has called the demonetization drive a great success in drawing out tax dodgers and eliminating graft. (AP Photo/Altaf Qadri)  (The Associated Press)

Fifty days ago, India yanked most of its currency from circulation without warning, jolting the economy and leaving most citizens scrambling for cash. As the deadline for exchanging the devalued 500- and 1,000-rupee notes for new ones hits Friday, many Indians are still stuck waiting in long bank lines.

Empty ATMs and ever-changing rules are preventing people from withdrawing money, and many small, cash-reliant businesses from cinemas to neighborhood grocery stores are suffering huge losses or going under.

Despite those problems, Prime Minister Narendra Modi says his Nov. 8 demonetization decree has succeeded in uncovering tax evasion and cracking down on graft. The Indian government is urging patience, insisting it’s playing a long game that will eventually modernize Indian society and benefit the poor.

So far, despite the widespread inconvenience and costs, most of the country’s 1.25 billion citizens appear to be taking Modi’s word for it.

Here are a few things to know about India’s massive cash overhaul:

___

HARDSHIP FOR THE POOR

Modi’s announcement that 500 and 1,000 rupee bills — making up 86 percent of India’s currency — were no longer legal tender has posed an enormous hardship for millions of people who use cash for everything from salaries to cellphone charges.

Almost immediately, serpentine lines appeared at banks and ATMs as people waited hours to deposit or exchange old currency notes for new bills. Since authorities only began printing the new bills after the policy was announced, demand vastly exceeds supply and cash machines often run dry. Daily commerce in essentials including food, medicine and transportation screeched almost to a halt.

Worst affected were the country’s hundreds of millions of farmers, produce vendors, small shop owners and daily-wage laborers who usually are paid in cash at the end of a day’s work. Many lost their jobs as small businesses shut down, compounding their poverty.

Pankaj Aggarwal, owner of a clothing shop in the Old Delhi neighborhood of Chandni Chowk says his sales crashed by 70 percent.

“You can imagine what our business is like now. It will be some time before our sales normalize,” he said.

Modi appears to have succeeded in promoting the cash overhaul as a “pro-poor” policy, tapping into deep anger among the have-nots toward wealthy elites.

“The first two months have been so bad for us, we don’t even have enough money to buy food,” said daily wage laborer Neeraj Mishra, 35. “Overall, I think Modi has done some good. People with a lot of money are the ones who have been troubled. I don’t have enough cash for it to bother me much.”

Political scientist Sreeram Chaulia, dean of the Jindal School of International Affairs in New Delhi, describes the strategy as “classic populism.”

“Some people are outraged, but are hesitant to come out and say it because they don’t want to be branded as anti-national or self-centered,” he said.

___

A BRUISED ECONOMY

The wide impact of the demonetization won’t be known until the government issues its next quarterly GDP figures in February, but the Reserve Bank of India already has shaved half a percent from this year’s GDP growth forecast, to 7.1 percent.

Since domestic commerce drives most economic activity, analysts have expressed alarm over the scale of economic and social disruption and are warning a contraction is likely in coming quarters.

“The countless unpredictable consequences that will continue to show in the coming weeks and months mean that it is, in effect, a huge gamble,” said Jan Zalewski, an Asia expert with the Britain-based risk assessment firm Verisk Maplecroft. “Inflicting such huge costs for what is an uncertain outcome is problematic.”

Real estate, tourism, transportation and gold and gems have been hit the hardest, along with informal sectors that rely mostly on cash.

Prices are forecast to rise since the cash crunch is pinching supplies of all sorts of goods.

The country’s banks, however, are seeing banner business. The central bank said old notes worth 13 trillion rupees ($191 billion) had been deposited as of Dec. 10, with many more expected by Friday’s deadline.

That should improve bank liquidity and in turn encourage more lending to boost economic growth.

___

MIXED MESSAGES, CHAOTIC RULES

The Finance Ministry and central bank have issued at least 60 different directives, some of them contradictory, about such issues as how much money can be withdrawn from bank accounts and which documents are needed for depositing old cash. The mixed messages have compounded the overall chaos and shaken investors’ confidence.

“There appears to be less trust in many institutions, including the Reserve Bank and other banks. That is one important behavioral change that has been ushered in,” said Mihir Sharma, senior fellow at the Observer Research Foundation, a New Delhi based think tank.

Financial experts are baffled about how to evaluate the move.

“One of the major problems with the demonetization move is that success is so difficult to measure,” Zalewski said. “In and of itself, it can’t end black money, stop terrorism funding and the counterfeiting of notes.”

___

NEW BILLS, OLD HABITS

The idea that swapping old currency notes for new ones would wipe out tax evasion has already been proven naive. Over the last seven weeks, Indian income tax authorities uncovered more than 32 billion rupees ($477 million) in undeclared wealth held in new notes, foreign currency, gold and other commodities.

The Finance Ministry found enormous stashes of new currency bills secreted away by corrupt bank managers. Axis Bank’s CEO Shikha Sharma said she was “embarrassed and upset” after it was found managers at the bank had used the stolen funds to fake accounts and launder customers’ untaxed savings for a premium.

___

A GLOBAL TREND?

A month after Modi scrapped the high-denomination notes, Venezuela’s president announced that the 100-bolivar notes that account for more than three-quarters of the country’s cash would be taken out of circulation.

Skyrocketing inflation had taken the value of the Venezuelan notes to 2 U.S. cents from 10 cents in the past year.

But while India’s cash overhaul has been relatively peaceful, Venezuela’s was not.

When no new bolivar notes appeared to replace the old ones, riots and looting erupted in towns across Venezuela, whose economy was already in shambles. Hundreds of grocery stores were damaged or destroyed. Ultimately, the government extended use of the old 100-bolivar notes until Jan. 2.

Venezuelan President Nicolas Maduro declared the abrupt cash overhaul an economic triumph, claiming people were racing to deposit the old notes into banks. He did not say how much was deposited.

In Pakistan, opposition lawmakers passed a resolution last week calling for the withdrawal of the country’s highest-denomination note from circulation. The government rejected that move, saying there was no need to discontinue the country’s 5,000-rupee note, worth about $48.

“The very notion of cancellation of such convenience in transactions is preposterous and unequivocally denied,” the Finance Ministry said in a statement.

___

Associated Press writers Fabiola Sanchez in Caracas and Munir Ahmed in Islamabad contributed to this report.

___

Follow Katy Daigle and Nirmala George at http://www.twitter.com/katydaigle and http://www.twitter.com/NirmalaGeorge1

Follow me on Twitter

Social

Follow Truth Troubles: Why people hate the truths' of the real world on WordPress.com
oldpoet56

oldpoet56

truthtroubles.wordpress.com/ Just an average man who tries to do his best at being the kind of person the Bible tells us we are all suppose to be. Not perfect, never have been, don't expect anyone else to be perfect either. Always try to be very easy going type of a person if allowed to be.

View Full Profile →

Parental Alienation

Meeting reality

Carol King: drawing, painting, complaining

watercolors, painting, decorative arts ... © carol king

Netdancer's Musings

Live Life Passionately

World4Justice : NOW! Lobby Forum.

Family Law and Child Welfare Reform.

1EarthUnited

Uniting the world, One Love at a time. :D

Jessica Edouard

Historical Romance Author

The Darkest Art

A journey through dark art.

Inversion Process

Another art blog

Bitcoin Mining (Antminer S9)

Bitcoin Mining Hardware

WTKR.com

News from Hampton Roads and Northeast North Carolina

Blogul unei tipe oarecare

"O zi în care nu ai râs este o zi pierdută"

CRONICA [R]

If you're walking through hell, keep walking.

Send Sunshine

sunshinesent.com - Inspiration - upliftingquotesdaily.com

Sometimes Interesting

Weird, Forgotten, and Sometimes Interesting Things

Asha's Blog

~A Cauldron of Thoughts~

Waas Blog

We all have a unique story….I want to share yours!

Gardens For Goldens

A Memorial Garden to help honor and rescue Golden Retrievers.

heat'n'eat

The way I cook/Wie ich koche

Lesezauber

Lesen tut gut.

Settle in El Paso

A family blog

Das Blog 

bettinametzler.com

Find Your Middle Ground

"Life is a series of highs and lows. Be grateful for the highs. Be graceful in the lows. Enjoy life fully and find contentment in your Middle Ground" Val Boyko

Blog of a Mad Black Woman

Life Experiences, Quotes & Randoms

Dinosaurs, Donkeys and MS

My life: teaching, acting and living with MS

Sabakuch.com

Get Sabakuch , Visit Sabakuch

Laura Bon

Inspiring the world

Life Water

"Let him who thirsts come. Whoever desires, let him take the water of life freely." - Rev. 22:17

God Is Everything

Jesus Lord Jehovah God Christian Bible Religion Holy Spirit

L'essen-ciel

Bien-être du corps et de l'esprit

zeitderreife

Meine Bilder, Gedanken und Emotionen

Karina Pinella

Writing the Wrong, Right, and Ridiculous

Web Development Ebooks

“Life is like riding a bicycle. To keep your balance, you must keep moving.” — Albert Einstein

Jardinagem Poeta

Este sítio refere-se à jardins e ao trabalho do jardineiro.

Actually Autistic Blogs List

A list of blogs by Autistic adults

The Best Articles Of Collection

A collection of articles that are interesting to read, provide motivation and encouragement for you.

Viviaggia.com

Send us your trip's photos

desert mice and dreams

a few virtual stories and wanderings

#FILMose

Crítica para quem gosta de Cinema.

Danger Kit

- Poetry -

Behind The Words

Sandy Masia's author blog...

malave.com

humanista

%d bloggers like this: