Treasury Secretary Henry paulson's new idea of spending bailout fund to stimulate credit card and auto lending is not considerate from long term economic stability point.Aegis to the beleaguered American economy wont come from paulson's idea of funding the bailout fund,which was approved by congress last week.Providing more leverage to the consumers,who have borrowed too much in the past ten years is not a good idea.
Industry watchers say credit card and auto lending has held up despite credit crunch.Last week paulson said he was interested in buying non-mortgage debts.But some economists wonder why is it anyway easy to buy non mortgage debts.Also it wont do anything to boost the economy.Its true that consumer spending is dropping but it has nothing to do with liquidity,its just the matter of confidence and may be because people lost lot of money and might be about to loose job.
Feeding credit card debt could be riskier way to use taxpayer money. That's because credit card debt unlike mortgages is unsecured. If a borrower defaults, there is no house to repossess. What's more, credit card debt, unlike a mortgage, can be wiped away in bankruptcy.
If it was a bad idea for mortgage market ....seems it is bad idea for credit and auto too.
MY VISION FOR MY COUNTRY
"Confidence....,the companion of success...,thrives on honesty,on honor, on the sacredness of obligation,on faithful protection and on unselfish performance. Without them it cannot live", said Theodore Roosevelt, 26th U.S president,a republican. The same confidence and sacrifice of freedom fighters brought the Gandhi's nation as an independent nation.
Sixty-one years of independence the country has carved a niche for itself in Information Technology which has thrown a goldmine of oppurtunities for middle class but there is a lot more for our motherland to achieve by the coming years. Indians have to work to paint india with beautiful colors of secularism , indiscrimination , nationalism , soverignity & filling the abyss created by corruption , poverty ,terrorism ,regionalism , unemployment ,low literacy rate, Inflationary economic downturn.
Though a new breed of young professionals now earn much more than their parents ever did in their life time.Still the literacy rate is on doldrums which is the root for unemployment ,slums and suicides. Caste based politics & communal divides are firmly entranched in the political system as are corruption & criminalization.Also country's security is at its lowest ebb with bomb blasts. Terrorism for the time has shattered dreams of india being an emerging super power.
Today's youth are the health and wealth of nation, who can take the bull by the horns and bring this country to the heights of power.With the growing social interaction more and more youth come forword and are concerned about various economic and politic activities of the country. They discuss on internet forums from economic to environmental problems faced by the nation.
Many engineers,doctors,management students today have a vision of being ENTREPRENEURS, not because of they want to be another gates or ambani, or because its their ambition but because they want to renovate india. Many aggressive youth want to revamp our political and judicial system.Today's voice of these will certainly be the deeds of tommorow.
Education will eradicate all the problems of child labour, discrimination,corruption and criminal activities.A vision of having maximum literacy ,booming industrialisation and entrepreneurship which in turn will solve unemployment and brain drain, and making this country an industrial hub will accelerate the economy .Thus reducing poverty and many economic problems.
With the vision of industrial hub country will be able to attract and trap real business in the form of investment ,skilled labours.This in turn will boost the economy which will further boost the growth and this way growth will keep mutliplying itself.
What i think today though india's economic condition being on tenterhooks due to various reasons ,it just need a push to accelerate to the heights of infinity. This can be made true by the eager beavers of the nation as they hold the confidence key to unleash the power of our nation.
Sixty-one years of independence the country has carved a niche for itself in Information Technology which has thrown a goldmine of oppurtunities for middle class but there is a lot more for our motherland to achieve by the coming years. Indians have to work to paint india with beautiful colors of secularism , indiscrimination , nationalism , soverignity & filling the abyss created by corruption , poverty ,terrorism ,regionalism , unemployment ,low literacy rate, Inflationary economic downturn.
Though a new breed of young professionals now earn much more than their parents ever did in their life time.Still the literacy rate is on doldrums which is the root for unemployment ,slums and suicides. Caste based politics & communal divides are firmly entranched in the political system as are corruption & criminalization.Also country's security is at its lowest ebb with bomb blasts. Terrorism for the time has shattered dreams of india being an emerging super power.
Today's youth are the health and wealth of nation, who can take the bull by the horns and bring this country to the heights of power.With the growing social interaction more and more youth come forword and are concerned about various economic and politic activities of the country. They discuss on internet forums from economic to environmental problems faced by the nation.
Many engineers,doctors,management students today have a vision of being ENTREPRENEURS, not because of they want to be another gates or ambani, or because its their ambition but because they want to renovate india. Many aggressive youth want to revamp our political and judicial system.Today's voice of these will certainly be the deeds of tommorow.
Education will eradicate all the problems of child labour, discrimination,corruption and criminal activities.A vision of having maximum literacy ,booming industrialisation and entrepreneurship which in turn will solve unemployment and brain drain, and making this country an industrial hub will accelerate the economy .Thus reducing poverty and many economic problems.
With the vision of industrial hub country will be able to attract and trap real business in the form of investment ,skilled labours.This in turn will boost the economy which will further boost the growth and this way growth will keep mutliplying itself.
What i think today though india's economic condition being on tenterhooks due to various reasons ,it just need a push to accelerate to the heights of infinity. This can be made true by the eager beavers of the nation as they hold the confidence key to unleash the power of our nation.
LEADERS
When all of your competitors are headed down the same road, take one less-traveled. That may turn some people off, but it will fire others up.
In a single word what we call it as "ANTITHESIS" is the quality of a leader which makes him different from a crowd.ANALYSING the annals,ANTICIPATING the future,APPREHENDING the best, are three areas on which a leaders mind work.
The best example which comes to my mind in terms of business leadership is of GOLDMAN SACHS.The only firm which anticipated one of the largest crises "the subprime mortgage crises",the only crisis which brought down many of the big firms, which include Merrill lynch,J.P Morgans, Lehman Brothers and many such firms,causing billions of losses.Whereas GS sailed through this trauma with around 18% growth.
The credit for which goes to GS analysts and the workforce.Last year while other firms were moving with the market and were constantly investing in mortgage firms,They anticipated the future of mortgage related loans and went against the tide by divesting their securities slowly and calmly from mortgage firms and investing them somewhere else.
And now they are no.1 in investment banking,leaving behind LEH their main rivals in the race .Its not anything like they are different,its what they do is different and thats what leaders do.
In a single word what we call it as "ANTITHESIS" is the quality of a leader which makes him different from a crowd.ANALYSING the annals,ANTICIPATING the future,APPREHENDING the best, are three areas on which a leaders mind work.
The best example which comes to my mind in terms of business leadership is of GOLDMAN SACHS.The only firm which anticipated one of the largest crises "the subprime mortgage crises",the only crisis which brought down many of the big firms, which include Merrill lynch,J.P Morgans, Lehman Brothers and many such firms,causing billions of losses.Whereas GS sailed through this trauma with around 18% growth.
The credit for which goes to GS analysts and the workforce.Last year while other firms were moving with the market and were constantly investing in mortgage firms,They anticipated the future of mortgage related loans and went against the tide by divesting their securities slowly and calmly from mortgage firms and investing them somewhere else.
And now they are no.1 in investment banking,leaving behind LEH their main rivals in the race .Its not anything like they are different,its what they do is different and thats what leaders do.
More Words.....
Allude/Refer
"Allude" means to refer to something indirectly or covertly.
"Refer", without qualification, implies referring to something directly, by naming.
Frequently allude is misused to mean "refer directly," which is wrong.
Economic/Economical
economic People sometimes describe things as “economic” when they mean “economical”.
“Economic” means “concerning economics”.
"Economical" means “thrifty, avoiding waste”.
Usage : He is rebuilding a solid economic base for the country's future.
amoral/immoral
“immoral” means “not conforming to accepted standards of morality”.
“amoral” implies “not concerned with or ignorant of morality”.
Usage :The client pays for the amoral expertise of the lawyer.
The council judged the film to be immoral and obscene.
"Allude" means to refer to something indirectly or covertly.
"Refer", without qualification, implies referring to something directly, by naming.
Frequently allude is misused to mean "refer directly," which is wrong.
Economic/Economical
economic People sometimes describe things as “economic” when they mean “economical”.
“Economic” means “concerning economics”.
"Economical" means “thrifty, avoiding waste”.
Usage : He is rebuilding a solid economic base for the country's future.
amoral/immoral
“immoral” means “not conforming to accepted standards of morality”.
“amoral” implies “not concerned with or ignorant of morality”.
Usage :The client pays for the amoral expertise of the lawyer.
The council judged the film to be immoral and obscene.
biannual/biennial
“Biannual” means “twice a year”.
“Biennial” means “taking place every two years”.
Usage:A biennial plant lives a two-year cycle, flowering and producing seed in the second year.
Congressional elections are a biennial phenomenon.
The solstice is a biannual event.
ADVERSE/AVERSE
Are related in origin but do not have the same meaning.
Adverse means "antagonistic."
“unfavourable or harmful” and is normally used of conditions and effects.
Averse means "feeling disclined."
Used of people, nearly always with “to”, and means “having a
strong dislike or opposition to something”.
usage The crew had to deal with adverse weather conditions.
She is averse to change.
The word averse is more recognizable in two more commonly used forms: AVERT and AVERSION
COMMON WORDS.....
JOINED/ENJOINED
Enjoined -To direct or impose with authority and emphasis;To prohibit or forbid.
MISTRUST/DISTRUST
Enjoined -To direct or impose with authority and emphasis;To prohibit or forbid.
MISTRUST/DISTRUST
"Mistrust" suggests vague doubts.
"Distrust" is rather more emphatic
suggesting positive suspicions and even a complete lack of trust.
IMPEL/COMPEL
What is the difference between "impel" and "compel"?
When you compel someone to do something, you force him to do it. The individual has no choice about
the matter. Whether he likes it or not, he has to do it.
Ravindran's parents compelled him to take English literature.
The children were compelled to return by five o'clock.
When you are "impelled" to do something, you feel that you have to do it. In this case, the desire to take action
comes from within. No one is forcing you to do it.
The detective felt impelled to investigate further.
Looking at him, I felt impelled to offer him more money.
OWING TO/DUE TO
What is the difference between "due to" and "owing to"?
As far as the meaning is concerned there is no
difference. Both "due to" and "owing to" can be used to mean "because
of". Many people use the two words interchangeably. Here are a few
examples.
Owing to/Due to bad weather, all flights were cancelled.
Ramesh was late, owing to/due to the heavy traffic.
Owing to/Due to the groom's illness, the wedding was postponed.
The wedding was postponed due to/owing to the groom's illness.
It is said that "due to" should not be used at the beginning of a clause. But speakers of English begin clauses with "due to". One difference between "due to" and "owing to" is that "due to" can be used after the verb "to be"; "owing to", on the other hand, cannot. For example, it is OK to say, "Their success was due to hard work and brilliant planning." You cannot say, "Their success was owing to hard work." Similarly it is OK to say, "The actor's success was due to his wife", but you cannot say, "The actor's success was owing to his wife."
THRIVING SMALL TOWN NEWSPAPERS AFFLICTING METRO NEWSPAPERS
The other day i read an article in a magazine which focused on thriving small town newspapers afflicting the nation's metropolitan daily newspapers have far more to do with the collapse of the monopoly distribution model then with the quality of reporting in those newspapers.
Community newspapers are doing quite nicely because they have not forgotten their mission, their responsibility to their readers, the service they must provide to their advertisers, their duty to report the good and the bad; to expose corrupt public servants who betray the public trust and seek to serve themselves first at the expense of the taxpayers.
I'm willing to grant that small-town papers have been less likely to get bloated and arrogant and out-of-touch than their big-city brethren. The rest is a load of hooey, though. A few community newspapers do a great job of serving their readers and exposing corrupt public servants. Many more do a great job of publishing photos of their readers, but generally shy away from any exposing of corruption.
But all of them benefit from the reality that
--their communities are too small for webworld facilities to have gotten to
--in most cases they serve populations less transient and less Internet-addicted than those of big metropolitan areas
--nobody ever looked to them for national or international news, so the fact that you can get all that on the Internet now is irrelevant
--the real estate bust hammering many newspapers now has been mostly a big-metro-area phenomenon.
Community newspapers are doing quite nicely because they have not forgotten their mission, their responsibility to their readers, the service they must provide to their advertisers, their duty to report the good and the bad; to expose corrupt public servants who betray the public trust and seek to serve themselves first at the expense of the taxpayers.
I'm willing to grant that small-town papers have been less likely to get bloated and arrogant and out-of-touch than their big-city brethren. The rest is a load of hooey, though. A few community newspapers do a great job of serving their readers and exposing corrupt public servants. Many more do a great job of publishing photos of their readers, but generally shy away from any exposing of corruption.
But all of them benefit from the reality that
--their communities are too small for webworld facilities to have gotten to
--in most cases they serve populations less transient and less Internet-addicted than those of big metropolitan areas
--nobody ever looked to them for national or international news, so the fact that you can get all that on the Internet now is irrelevant
--the real estate bust hammering many newspapers now has been mostly a big-metro-area phenomenon.
Subscribe to:
Posts (Atom)