My Scribles

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 I see all this happening, I can only remember the good old days. Then, karz was bad. 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. I mostly prefer to take public transport, but then I am an old man with old thoughts! Anyway, coming back to what caused the crisis. Imagine having Rs 2 lakh in your bank account, no regular income, yet buying a

The Festival of Light Symbolizes the Victory of Light over Darkness and Good Over Evil. May it Light up the Lives of You, Your Family, Your Dear & Near. Happy Diwali

It was autumn, and the Red Indians on the remote reservation asked their New Chief if the winter was going to be cold or mild. Since he was a Red Indian chief in a modern society, he couldn't tell what the weather was going to be. Nevertheless, to be on the safe side, he replied to his Tribe that the winter was indeed going to be cold and that the members of the village should collect wood to be prepared. But also being a practical leader, after several days he got an idea. He went to the phone booth, called the National Weather Service and asked "Is the coming winter going to be cold?" "It looks like this winter is going to be quite cold indeed," the meteorologist at the weather service responded. So the Chief went back to his people and told them to collect even more Wood. A week later, he called the National Weather Service again. "Is it Going to be a very cold winter?" "Yes," the man at National Weather Service again replied, "It&#

The people of the country, of Bengal, and of Singur may legitimately pose the question as to what made the Tata's wind up the small car project at Singur when more than 85% of work has been completed.A run of devastation called an 'agitation,' has had a temporary triumph. It has wounded the both the prospects of industrial investment in the state and the process of industrialisation. Again, we call this a temporary phenomenon. The majority of the people of the state - indeed, an overwhelming majority - had wanted from the core of their heart that the Singur project must become a reality.Following the meeting that Bengal chief minister Buddhadeb Bhattacharjee and I had with Shri Ratan Tata, the expectation of the people has perhaps touched rock-bottom. Only history will tell in the months and years to come what would the losses entail to no less than eight crore of men and women of the state. History was sent on the backfoot on 3 October 2008 when at the end of the meeti

Thoughts ... to bring fragrance to you! Dedicate time to work: it's the price of success. Dedicate time to think: It's the fountain of power. Dedicate time to enjoy: it's the secret of youth. Dedicate time to love and be loved: it's the source of joy and satisfaction. Dedicate time to laugh. it mitigates the stress

Hi All It is common knowledge that some of the recent developments in some of the financial markets in the world have been unusual and with dramatic impact on the whole world.I would like to share a few thoughts regarding the same and seek inputs from everyone in the community as we have a very knowledged, experienced, diverse group of members in the community and it would be interesting to see some views bounced off. Freddie Mac and Fannie Mae - Fed Bail out! Bear & Sterns - Gone! Lehman Brothers - Gone! AIG - Fed bail Out! Goldman Sachs - Not an Investment Bank Anymore! Washington Mutual - Gone! It is unbelievable that these pillars of Investment Banking and finance - The Ivy league of Money markets have gone bust! The US Fed bailed out a couple of institutions to save the market from totally crashing and have decided that they cant do much about the rest! Investment bankers - the rischest and most envied of professionals are becoming unemploed in hordes and many are going on 2

The US House of Representatives has passed a bill (H. R. 7081) that approves the 123 Agreement, but which is contradictory to the assurance given by the Prime Minister to the nation. An identical version is before the US Senate for voting. Even as late as 26 September 2008, the Prime Minster was seeking an agreement that would 'satisfy India'. This has not come to pass, and it will be interesting to see how the Indian government and the Indian media will 'spin' this into a victory for India. The Indian side is supposed to have been unhappy with the language. The fact is that one is not worried about the language, but the content and compulsions of the Bill. Why is the House bill not satisfactory? Even the title of the Bill, 'United States-India Nuclear Cooperation Approval and Nonproliferation Enhancement Act', makes it clear that they seek to press their non-proliferation agenda. The Bill makes a number of things explicitly clear, and reveals the true colours o

recently I have purchased a INSPRION 1525 DEll Laptop . I have customised the laptop through internet. Then i have send the DD payable at bangalore in favour of Dell India limited Bagalore. The specification of laptop is C2D processor with 160HDD , 2Gb hD and 2ghz speed. The purchase and delivery of the product was smooth and safe...