It might be too early to say what the exact cause of India's latest massive power outage is, but in its simplest form, it probably has something to do with supply and demand –- not enough of the former and too much of the latter.
The outage, which left more than 670 million of the country's 1.2 billion people without power, snarled traffic, shut down electric trains and idled some businesses. Indian officials say they are rapidly restoring power, but it's unclear how soon the situation will be back to normal.
An estimated 370 million people — about 60 million more than live in the U.S. — were without power for at least part of today in northern India because of a massive failure in the country's power grid.
The Olympics have officially had a "Salahi moment." Remember, the White House gatecrashers? Well, on Friday during the opening ceremony, a young woman wearing a red jacket and turquoise pants was seen walking with the Indian delegation into Olympic stadium. Not only that, but she was walking alongside the flag bearer.
In Europe, the concept of austerity has meant deep, painful cuts to government spending. In India, however, austerity looks a little different.
India's government has started by reeling in departmental spending on things like hotel space and foreign travel. It may seem like window dressing, but it can be difficult to make deep spending cuts in that country. Many voters see government largesse as a right and usually applaud pork-barrel spending.