Wednesday, December 3, 2008
Tuesday, November 4, 2008
Groups, Rings & Fields
Mathematicians have confused the world a lot through their imaginations.
What does the words mean = groups, rings, fields.
go by normal english.
Now search the web by these three words "Groups, rings and fields"
Read the non-sense or no sense coming out.
Try to understand what they mean.
Its definitely creation of enough confusion attached to simple words
What does the words mean = groups, rings, fields.
go by normal english.
Now search the web by these three words "Groups, rings and fields"
Read the non-sense or no sense coming out.
Try to understand what they mean.
Its definitely creation of enough confusion attached to simple words
Tuesday, October 14, 2008
What Happened to Lehmans
LATELY, I have been thinking a lot about the Lehman crisis .
Spending money that they didn't have and going beyond their means is one of the
main reasons for their situation today. In fact that is the cause for
the current economic crisis in the US.
When all this happens, I remember the good old days.
People looked down upon those who took loans.
Parents would not give their daughter's hand in marriage to a man with
loans.
But of course, the times have changed now. Everyone I know has a loan.
The buzz word is EMI (equated monthly installment).
Today, you can buy everything on EMI - a house, a television, an i-Pod. In fact I know of
someone who just bought a fancy BMW 3 series on EMI, instead of
buying a cheaper car outright with cash.
Anyway, coming back to what caused the crisis.
Imagine having $ 200,000 in your bank account, no regular income, yet buying a house worth
$6500,000 in the hope of selling it for a higher price.
Even if the price of the house fell by just 5 per cent (that is $ 300,000), you
will go bankrupt.
This is what Lehman Brothers did; with around USD 20 billion they went
and bought assets worth over USD 600 billion. Isn't it suicidal and
simply foolish?
I am sure things would have been different, had I been the head of
Lehman brothers. But who wants a conservative to head a complex financial institution.
But there are a few lessons that we can learn:
1.Live a balanced life and avoid overspending.
2.Don't buy things we don't need.
3.Don't buy Branded good's.
4.Don't buy excess Food, Cloths, Cosmetics, Footwear, electronics and
Fashion accuracies
just think before you buy.
Tip: World still has a lot of growth ahead and the future holds
immense opportunities for us. Let us make the most of it and save and
invest
it wisely instead of wasting our precious little on things we don't
need.
5.Try to balance life with work (No one is happy to work in their
profession's).
6. Don't stress out your self, after work try to do some extra
activities like swimming, yoga, walking, running where you can
divert your mind from stress.
A thumb rule: Health is more important than money.
7.Try to understand each other (Wife and Husband) in financial
matter's and help each
other.
Tip: As soon as you get your monthly salary, set aside a fixed amount,
usually 35 per cent, for insurance, savings and investments. You can
then spend the rest.
8. Not all loans are bad. Loans that are 'need based' (home loans,
education loans) can always find a place in your finances against
those
that are largely 'want based' (Credit cards, personal loans, car loans).
9. Borrow only if repayment is financially comfortable.
A thumb rule: Keep EMIs within 35 to 45 per cent of your monthly income
In that respect, there is one American who I really respect - WARREN
BUFFET. He has lived in the same ordinary house for over three
decades,
drives his own medium sized car and leads an extremely regular 'middle
class' life. If that's all it takes for the richest person on earth to
be happy, why do all of us need to take extra stress just so that we
can get things which aren't even essential?
Spending money that they didn't have and going beyond their means is one of the
main reasons for their situation today. In fact that is the cause for
the current economic crisis in the US.
When all this happens, I remember the good old days.
People looked down upon those who took loans.
Parents would not give their daughter's hand in marriage to a man with
loans.
But of course, the times have changed now. Everyone I know has a loan.
The buzz word is EMI (equated monthly installment).
Today, you can buy everything on EMI - a house, a television, an i-Pod. In fact I know of
someone who just bought a fancy BMW 3 series on EMI, instead of
buying a cheaper car outright with cash.
Anyway, coming back to what caused the crisis.
Imagine having $ 200,000 in your bank account, no regular income, yet buying a house worth
$6500,000 in the hope of selling it for a higher price.
Even if the price of the house fell by just 5 per cent (that is $ 300,000), you
will go bankrupt.
This is what Lehman Brothers did; with around USD 20 billion they went
and bought assets worth over USD 600 billion. Isn't it suicidal and
simply foolish?
I am sure things would have been different, had I been the head of
Lehman brothers. But who wants a conservative to head a complex financial institution.
But there are a few lessons that we can learn:
1.Live a balanced life and avoid overspending.
2.Don't buy things we don't need.
3.Don't buy Branded good's.
4.Don't buy excess Food, Cloths, Cosmetics, Footwear, electronics and
Fashion accuracies
just think before you buy.
Tip: World still has a lot of growth ahead and the future holds
immense opportunities for us. Let us make the most of it and save and
invest
it wisely instead of wasting our precious little on things we don't
need.
5.Try to balance life with work (No one is happy to work in their
profession's).
6. Don't stress out your self, after work try to do some extra
activities like swimming, yoga, walking, running where you can
divert your mind from stress.
A thumb rule: Health is more important than money.
7.Try to understand each other (Wife and Husband) in financial
matter's and help each
other.
Tip: As soon as you get your monthly salary, set aside a fixed amount,
usually 35 per cent, for insurance, savings and investments. You can
then spend the rest.
8. Not all loans are bad. Loans that are 'need based' (home loans,
education loans) can always find a place in your finances against
those
that are largely 'want based' (Credit cards, personal loans, car loans).
9. Borrow only if repayment is financially comfortable.
A thumb rule: Keep EMIs within 35 to 45 per cent of your monthly income
In that respect, there is one American who I really respect - WARREN
BUFFET. He has lived in the same ordinary house for over three
decades,
drives his own medium sized car and leads an extremely regular 'middle
class' life. If that's all it takes for the richest person on earth to
be happy, why do all of us need to take extra stress just so that we
can get things which aren't even essential?
Wednesday, May 7, 2008
Indians & Chinese, Please Stop Eating
US President George Bush has attributed the Global Food Problem to improved eating habits by Indian & Chinese Middle Class.
One US intellectual attributed the increased Crude Price also to more fuel consumption by these categories!!
So, Indians and Chinese, Please stop eating! Let US only eat food and there wont be any scarcity.
One US intellectual attributed the increased Crude Price also to more fuel consumption by these categories!!
So, Indians and Chinese, Please stop eating! Let US only eat food and there wont be any scarcity.
Thursday, April 10, 2008
BLOGGING
BLOGGING.
Express Yourself & Publish the wildest of your thoughts on Internet, that is BLOG.
The word BLOG is portmanteau term for WEB LOG. It is an easy to use & free website where you can post your thoughts quickly. The audience will be the whole world who uses Internet. Blog is frequently updated, diary-type commentary and links to articles on other Web sites. Blogs range from the personal to political, and can focus on one narrow subject or a whole range of subjects.
Many people use blog just to organize their own thoughts, while others influence worldwide audiences of thousands through blogs. Journalists use blogs to publish breaking news, while personal journalers reveal inner thoughts. Whatever you have to say, Blogs help you say it and loudly.
Blogging is not just expressing your thoughts on the Internet, it is connecting with all those who read your blog. They are considered as your friends. Blog has the facility to put feedbacks on your posts. You can decide whether you want a feed back or delete the feed backs received as and when you feel so.
Many organizations use blogs to hear their employees. It also is used in Knowledge Management (KM) initiatives to capture and create a knowledge data base. Using Blog for publishing classified information or personal defamation may attract legal action.
Blog sites provide variety of tools to format and make your blog site attractive. Blog writing is not just text typing, you can load a variety of other media like pictures, videos, animations etc. Blog writer can create his own profile on his blog site, the way in which he wants the world to see him.
There are numerous blog sites. Blogger (blogspot.com) owned by Google, WordPress Blog (wordpress.org/development), Blogflux (blogflux.com) etc. Today there are, by one count, more than 100 million blogs in the world, with about 15 million of them active. Every Sport event, War, Natural Disaster etc sprout large number of bloggers.
Reading blogs is not like reading a newspaper article or a book. Blog readers jump around. They follow links, move from blogs to news clips to videos on YouTube, and they do it more easily than you can turn a newspaper page.
Large number of bloggers are masked heroes. Whether they tell the truth or really are who they claim to be is another matter. They are what they write. And you can't fake that.
Subscribe to:
Posts (Atom)
