I wanted to share an important news with everyone , I was waiting for this day to say it!
Highlight to read the portions below!
Happy April Fools Day :)))
Thursday, March 31, 2011
Wednesday, March 30, 2011
~~what a great day~~
Its was a great day to be in college wearing blue and cheering for the Indian team but I couldn't wactch most of the match as I had to attend a conference on Indian financial crisis chaired by Joseph Stiglitz ,Amartya Sen,Kaushik Basu and Prabath Patnaik. Sitaram Yechury was also one of the guest. It was a mind blowing conference will try to write if I had time.
My Pakistani friend kept me updated with the scores every 15 minutes so that I can keep track of the match. By the time conference got over India had won the match and I went to college the news channels were broadcasting the victory and people from many country were congratulating me. One Pakistani girl came and wished me "You guys played great" I replied back "We played crap and you played crapier".
There was another major thing that happened today was I wrote my final macro exam!
My Pakistani friend kept me updated with the scores every 15 minutes so that I can keep track of the match. By the time conference got over India had won the match and I went to college the news channels were broadcasting the victory and people from many country were congratulating me. One Pakistani girl came and wished me "You guys played great" I replied back "We played crap and you played crapier".
There was another major thing that happened today was I wrote my final macro exam!
Tuesday, March 29, 2011
~~India Pakistan Match~~
With Sri Lanka winning the semifinals, the world cup is going to be lifted by one of the Sub continent team. Today I was talking with my Pakistani friend about the India Pakistan match. Yea we are patriotic about our countries and passionate about our teams but not as crazy as group of people who thinks this as the ultimate match and not care about what happens in finals. We are the ones who will be the happiest if our country lifts the World Cup.
He said "In end of the day one team is going to lose and people of that country will never forgive that team and will consider it as disgrace to the nation". It is this kind of unnecessary pressure we put to both of the teams for a cricket match such that the losers cant show up their faces for few months .
One thing we have already got one good outcome from this game, it is the renewal of India Pakistan dialogue which is much needed for economic development of two countries.
He said "In end of the day one team is going to lose and people of that country will never forgive that team and will consider it as disgrace to the nation". It is this kind of unnecessary pressure we put to both of the teams for a cricket match such that the losers cant show up their faces for few months .
One thing we have already got one good outcome from this game, it is the renewal of India Pakistan dialogue which is much needed for economic development of two countries.
Monday, March 28, 2011
~~news websites~~
From today New York Times has started a new model to pay to view the website in an unique way. One can read around 20 articles per month after that we have to pay charges. In the world of social networks where information flows free from twitter to facebook not sure how the strategy will workout as not sure how to measure quality of news.
Anyways for me its time to search other news sites , I have started going back to read bristish sites like BBC and guardian and Aljazeera from the land of OCs.
Anyways for me its time to search other news sites , I have started going back to read bristish sites like BBC and guardian and Aljazeera from the land of OCs.
Sunday, March 27, 2011
~~education and water~~
I was reading about the Monitor groups report on emerging markets emerging, so we know know that India have have grown leaps and bound over the last twenty years. The growth is mainly constrained to upper and middle class. What they do with the extra money majority of the Indians invest it in the real estate or invest gold or save it.
Now another interesting thing about it how much money they invest in for private education and quality water. Given below are from the report.
T.I.M.E. is a successful operator of coaching classes in India, with 175 centers that help aspiring middle-class applicants with entrance exams to professional schools,and annual revenue of $30 million.A market-based-solution business model aimed at poor people would need to manage nearly 15 times the number of centers — almost 2,500 budget private schools in lower-income segments — to generate the same annual revenue.
Bisleri, India’s leading manufacturer and marketer of bottled water, currently operates 50 plants generating over $70 million of revenue.21 To generate the same revenues that Bisleri produces with 50 plants,a market-based enterprise catering to poor people would need to operate more than 17,500 village water plants.child would require 20-25 percent of income for an average poor family. As such,what low-income segments can afford is mostly of the poorest quality — and sometimes even health-endangering. Yet despite being exploited in traditional markets, low-income groups are willing to pay dearly for what they most value, spending surprisingly high shares of scant income on private health and education services.
Bisleri and TIME are just one of the many among players in that sector.So these are the huge gaps present in education and health sector which is been exploited by the private sector. We can't blame the private sector for this but hope against hope that education reforms bill is passed and access to water is improved by public private partnership.
Now another interesting thing about it how much money they invest in for private education and quality water. Given below are from the report.
T.I.M.E. is a successful operator of coaching classes in India, with 175 centers that help aspiring middle-class applicants with entrance exams to professional schools,and annual revenue of $30 million.A market-based-solution business model aimed at poor people would need to manage nearly 15 times the number of centers — almost 2,500 budget private schools in lower-income segments — to generate the same annual revenue.
Bisleri, India’s leading manufacturer and marketer of bottled water, currently operates 50 plants generating over $70 million of revenue.21 To generate the same revenues that Bisleri produces with 50 plants,a market-based enterprise catering to poor people would need to operate more than 17,500 village water plants.child would require 20-25 percent of income for an average poor family. As such,what low-income segments can afford is mostly of the poorest quality — and sometimes even health-endangering. Yet despite being exploited in traditional markets, low-income groups are willing to pay dearly for what they most value, spending surprisingly high shares of scant income on private health and education services.
Bisleri and TIME are just one of the many among players in that sector.So these are the huge gaps present in education and health sector which is been exploited by the private sector. We can't blame the private sector for this but hope against hope that education reforms bill is passed and access to water is improved by public private partnership.
Friday, March 25, 2011
~~Is it a good deal~~
I take a class regarding the global finance this semester. I really like the professor of this course who was a wall street banker for more than two decades and after making money has came to academia the job he likes to do. We have to do a presentation next week so we went and talked with him. He was having a busy day as people from all major wall street banks had a meeting with him regarding an equity issue.
As we were hearing his story open mouthed he told I will make a deal with you and said "I will give all the money I have earned but in return you have to give me your age" No one in the group accepted it and he said with the present opportunities we could make more money than he would have done in the next 20 years.
As we were hearing his story open mouthed he told I will make a deal with you and said "I will give all the money I have earned but in return you have to give me your age" No one in the group accepted it and he said with the present opportunities we could make more money than he would have done in the next 20 years.
Thursday, March 24, 2011
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