by Guest
10/21/2008 2:27:00 PM
Timepassguru.com is a collection of funny articles, jokes and timepass stuff.
please visit the www.timepassguru.com for lot of entertainment
by Guest
10/16/2008 8:50:00 PM
It's interesting article by Yogesh Chhabria.
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 house worth Rs 65 lakh, 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 Rs 3 lakh), 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 an old conservative man like me 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 there 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 matters 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?
by Guest
10/16/2008 8:12:00 PM
Code Kya Kehta Hai Mera Kya Main Bataoon
Tester Samjhega Shayad Main Pagal Hoon
Code Kya Kehta Hai Mera Kya Main Bataoon
PM samjhega ki Shayad Main genius Hoon
Dil Karta Hai Apni Seat par khada ho Jaoon
Chilla Chilla Ke Main Ye Sabse Kehdoon
Code On… Hai Ye Client Ka Ishaara
Code On… Requirement fullfill kar sara
Code On….Onsite Offshore ka tamashaa
Code On….yehi IT ki zindagi hai mere yaraa…
Dil Karta Hai VNET Par Zor Se Gaoon
Aur Apne outlook Ki sab log mail Kholen
Phir Main Aise Josheelay mails bahaaoon
Mere mails Ko padkar Sab Ye samjhen
Code On… Hai Ye Company Ka Ishaara
Code On… Client ko khush karna hai yaaraa
Code On….Late night ruk ja tu
Code On….yehi IT ki zindagi hai mere yaraa…
Jaise Code karne Ko Dil Chahe code kar Waise Tu
Meri To Hai Bas Ye Raaye Ki
Apne task ko time par Poora Karle Tuuuuuu
Code On… development cycle ka ishara
Code On… phases fullfill kar sara
Code On….dead lines meet karne ka tension
Code On….yehi IT ki zindagi hai mere yaraa…
Code On… Hai Ye Company Ka Ishaara
Code On… Client ko khush karna hai yaaraa
Code On….Late night ruk ja tu
Code On….yehi IT ki zindagi hai mere yaraa…
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Fun Stuff
by Guest
10/15/2008 8:46:00 AM
I was in the airport VIP lounge en route to Seattle a couple of weeks ago.
While in there, I noticed Bill Gates sitting comfortably in the corner, enjoying a drink. I was meeting a very important client who was also flying to Seattle, but she was running a little bit late.
Well, being a straightforward kind of guy, I approached the Microsoft chairman, introduced myself, and said, "Mr. Gates, I wonder if you would do me a favor."
"Yes?"
"I'm sitting right over there," pointing to my seat at the bar, and I' m waiting for a very important client. Would you be so kind when she arrives as to come walk by and just say "Hi Tom?"
"Sure."
I shook his hand and thanked him and went back to my seat. About ten minutes later, my client showed up. We ordered a drink and started to talk business. A couple of minutes later, I felt a tap on my shoulder. It was Bill Gates.
"Hi, Tom," he said.
I replied, "Shut up, Bill, I'm in a client meeting."
by Guest
10/15/2008 8:31:00 AM
Employees of a Company are all worried. Some areroaming around. Some are in
loud discussions duringoffice time.....
Some Trainees, who had just joined, notice this and enquire about whathappened
to a senior employee, they ask, "What's goingon?"
"Terrorists have kidnapped our Boss"
They're asking for Rs.10 Crores ransom, otherwisethey're going to
douse him with petrol and set him on fire.
We're going from desk to desk, taking up acollection."
One Trainee asks, "How much is everyone giving,on average?
.
.
.
.
.
.
.
.
.
.
.
.
.
"About 1 litre."
by Guest
10/14/2008 5:29:00 PM
I’m sure that I will always be
A lonely number like root three
The three is all that’s good and right,
Why must my three keep out of sight
Beneath the vicious square root sign,
I wish instead I were a nine
For nine could thwart this evil trick,
with just some quick arithmetic
I know I’ll never see the sun, as 1.7321
Such is my reality, a sad irrationality
When hark! What is this I see,
Another square root of a three
As quietly co-waltzing by,
Together now we multiply
To form a number we prefer,
Rejoicing as an integer
We break free from our mortal bonds
With the wave of magic wands
Our square root signs become unglued
Your love for me has been renewed
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by Guest
10/10/2008 9:55:00 AM
SnappyFingers is a new startup out of Bangalore and calls itself a search engine for Question and Answers. Their crawler crawls and indexes Question and Answers and FAQ’s from across the Internet and provides a convenient, single point of search from their website.
The site is currently in beta and as per Chirayu, the founder, they have a database of 3 million questions in their search index.
The concept is really nice and has some pretty good potential but in its current form, there are a few shortcomings. For example, a search for “Miami weather” shows some a few good results and also few bad results. Check this out..
-Ramesh
by Guest
10/3/2008 2:25:00 PM
Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.
1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar.
2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.
* The net asset of the country now = 3 dollars.
3) Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars.
*A has a loan to C of 1 dollar, so his net asset is 1 dollar.
* B sold his land and got 2 dollars, so his net asset is 2 dollars.
* C owned the piece of land worth 2 dollars but with his 1 dollar debt to A, his net residual asset is 1 dollar.
* Thus, the net asset of the country = 4 dollars.
4) A saw that the land he once owned has risen in value. He regretted having sold it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollars from B and acquired the land back from C for 3 dollars. The payment is by 2 dollars cash (which he borrowed) and cancellation of the 1 dollar loan to C. As a result, A now owned a piece of land that is worth 3 dollars. But since he owed B 2 dollars, his net asset is 1 dollar.
* B loaned 2 dollars to A. So his net asset is 2 dollars.
* C now has the 2 coins. His net asset is also 2 dollars.
* The net asset of the country = 5 dollars. A bubble is building up.
(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollars. The payment is by borrowing 2 dollars from C, and cancellation of his 2 dollars loan to A.
* As a result, A has got his debt cleared and he got the 2 coins. His net asset is 2 dollars.
* B owned a piece of land that is worth 4 dollars, but since he has a debt of 2 dollars with C, his net Asset is 2 dollars.
* C loaned 2 dollars to B, so his net asset is 2 dollars.
* The net asset of the country = 6 dollars; even though, the country has only one piece of land and 2 Dollars in circulation.
(6) Everybody has made money and everybody felt happy and prosperous.
(7) One day an evil wind blew, and an evil thought came to C's mind. "Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollars in circulation, and, I think after all the land that B owns is worth at most only 1 dollar, and no more."
(8) A also thought the same way.
(9) Nobody wanted to buy land anymore.
* So, in the end, A owns the 2 dollar coins, his net asset is 2 dollars.
* B owed C 2 dollars and the land he owned which he thought worth 4 dollars is now 1 dollar. So his net asset is only 1 dollar.
* C has a loan of 2 dollars to B. But it is a bad debt. Although his net asset is still 2 dollars, his Heart is palpitating.
* The net asset of the country = 3 dollars again.
(10) So, who has stolen the 3 dollars from the country ? Of course, before the bubble burst B thought his land was worth 4 dollars. Actually, right before the collapse, the net asset of the country was 6 dollars on paper. B's net asset is still 2 dollars, his heart is palpitating.
(11) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollars bad debt to B, but in return he acquired the land which is worth 1 dollar now.
* A owns the 2 coins, his net asset is 2 dollars.
* B is bankrupt, his net asset is 0 dollar. ( he lost everything )
* C got no choice but end up with a land worth only 1 dollar
* The net asset of the country = 3 dollars.
************ **End of the story; BUT ************ ********* ******
There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.
A few points worth noting -
(1) When a bubble is building up, the debt of individuals to one another in a country is also building up.
(2) This story of the island is a closed system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island's own currency. Hence, there is no net loss.
(3) An over-damped system is assumed when the bubble burst, meaning the land's value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the losers. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrains from taking part in the game, he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) As in the case of land, the above phenomenon applies to stocks as well.
(9) The actual worth of land or stocks depend largely on psychology (or speculation).
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