Well, seems like the debt clock can't keep up with the recent times.
The National Debt Clock in Times Square in New York has run out of digits to record the growing figure. As a temporary fix, the dollar sign has been switched to a figure--the "1" in $10 trillion. The clock is marking the current national debt at about $10.2 trillion. Think of that.
The clock’s owners say a new model — with space for two extra digits — will be in place early next year. Now the debt clock will be able to reach the quadrillions. Hopefully, that’s not a level that will be breached any time soon.
Thursday, October 9, 2008
Friday, September 12, 2008
Sunday, August 17, 2008
India Titans Index
Rupert Murdoch-owned Dow Jones Indexes - which owns the widely tracked Dow Jones Industrial Average index that covers 30 large US companies listed on the New York Stock Exchange — has unveiled a blue chip index for India. The Dow Jones India Titans 30 Index will measure the performance of the 30 largest and most liquid stocks listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The selection to the index will be based on rankings by float-adjusted market capitalisation and 12 month average daily trading volume.
Murdoch said: “The world is changing and how we measure that change economically and financially is clearly a challenge and an opportunity. We have seen a reweighting of risk, but the world itself is being economically rerated and so we need an index that allows investors to take advantage of these changes.” According to Murdoch, Indian companies will obviously have a place in The Global Dow “as will companies from other emerging countries where we have seen an unprecedented economic emancipation over the past two decades”.
Robert Thomson, managing editor, The Wall Street Journal said, “While we must reflect the global stock market as it is, we must also recognise the rapid rise of companies in countries such as India.” The Global Dow will track the share prices of existing and future global leaders in every industry.
The selection to the index will be based on rankings by float-adjusted market capitalisation and 12 month average daily trading volume.
Murdoch said: “The world is changing and how we measure that change economically and financially is clearly a challenge and an opportunity. We have seen a reweighting of risk, but the world itself is being economically rerated and so we need an index that allows investors to take advantage of these changes.” According to Murdoch, Indian companies will obviously have a place in The Global Dow “as will companies from other emerging countries where we have seen an unprecedented economic emancipation over the past two decades”.
Robert Thomson, managing editor, The Wall Street Journal said, “While we must reflect the global stock market as it is, we must also recognise the rapid rise of companies in countries such as India.” The Global Dow will track the share prices of existing and future global leaders in every industry.
Thursday, August 14, 2008
Recruitment
How to recruit the right person for the job?
"Put about 100 bricks in some particular order in a closed room with an open window."
Then send 2 or 3 candidates in the room and close the door.
.
.
.
Leave them alone and come back after 6 hours and then analyze the situation.
.
.
.
If they are counting the bricks. Put them in the Accounts Department.
If they are recounting them.Put them in auditing.
If they have messed up the whole place with the bricks. Put them in engineering.
If they are arranging the bricks in some strange order. Put them in planning.
If they are throwing the bricks at each other. Put them in operations.
If they are sleeping. Put them in security.
If they have broken the bricks into pieces. Put them in information technology.
If they are sitting idle. Put them in human resources.
If they say they have tried different combination's, yet not a brick has been moved. Put them in sales.
If they have already left for the day. Put them in marketing.
If they are staring out of the window. Put them on strategic planning.
.
.
.
And then last but not least. If they are talking to each other and not a single brick has been moved. Congratulate them and put them in top management.
"Put about 100 bricks in some particular order in a closed room with an open window."
Then send 2 or 3 candidates in the room and close the door.
.
.
.
Leave them alone and come back after 6 hours and then analyze the situation.
.
.
.
If they are counting the bricks. Put them in the Accounts Department.
If they are recounting them.Put them in auditing.
If they have messed up the whole place with the bricks. Put them in engineering.
If they are arranging the bricks in some strange order. Put them in planning.
If they are throwing the bricks at each other. Put them in operations.
If they are sleeping. Put them in security.
If they have broken the bricks into pieces. Put them in information technology.
If they are sitting idle. Put them in human resources.
If they say they have tried different combination's, yet not a brick has been moved. Put them in sales.
If they have already left for the day. Put them in marketing.
If they are staring out of the window. Put them on strategic planning.
.
.
.
And then last but not least. If they are talking to each other and not a single brick has been moved. Congratulate them and put them in top management.
Thursday, August 7, 2008
Leading Indian Companies
I was pleasantly shocked to see these numbers on Wikipedia today. Look at the net assets of SBI, the market value of RIL, the revenue of IOC, etc. Wow!
All the numbers are in billions of dollars.
All the numbers are in billions of dollars.
| Company | Revenue | Profits | Assets | Market Value | ||
|---|---|---|---|---|---|---|
| Reliance Industries | 26.07 | 2.79 | 30.67 | 89.29 | ||
| ONGC | 18.90 | 4.11 | 33.79 | 54.11 | ||
| State Bank of India | 15.77 | 1.47 | 188.56 | 33.29 | ||
| Indian Oil Corporation | 42.68 | 1.82 | 25.39 | 16.36 | ||
| ICICI Bank | 9.84 | 0.64 | 91.07 | 29.85 | ||
| NTPC | 7.84 | 1.60 | 20.34 | 41.57 | ||
| Steel Authority of India Limited | 7.88 | 1.45 | 8.05 | 26.37 | ||
| Tata Steel | 5.83 | 0.97 | 11.48 | 14.63 | ||
| Bharti Airtel | 4.26 | 0.94 | 6.61 | 39.16 | ||
| Reliance Communications | 3.13 | 0.65 | 13.08 | 29.63 |
Thursday, July 24, 2008
Innovate
Recently came across 'Innocentive' covered in NYTimes.
InnoCentive is an online open innovation marketplace - a "problem solving" web site - that rewards smart people for good ideas. Companies and organizations (seekers) post problems (challenges) that they are unable to solve within their organization to people all over the world (solvers) who win cash prizes for resolving them. It is free to join and if your solution is chosen - you win. Awards range from $5,000 to $1,000,000.
You can use your knowledge and expertise to make a real difference and get paid for solving these problems too. Considering the vast pool of brilliant and creative people with varied expertise available to passionately solve real life problems in the world the success rate is bound to be good. I heard in the Business Week podcast that 40% of the problems are solved which is an exceptional number for the cost and resources.
Sen. John McCain of Arizona, the Republican nominee for president, has proposed that the government offer $300 million to whoever invents a battery compact enough, powerful enough and cheap enough to replace fossil fuels. (something similar to Innocentive)
To see the details of available Challenges and register with InnoCentive click here:
Join Innocentive
If you have the world's brightest minds solving your problem what more do you want?
Concepts like these will definitely help the world become a better place for all of us to live.
InnoCentive is an online open innovation marketplace - a "problem solving" web site - that rewards smart people for good ideas. Companies and organizations (seekers) post problems (challenges) that they are unable to solve within their organization to people all over the world (solvers) who win cash prizes for resolving them. It is free to join and if your solution is chosen - you win. Awards range from $5,000 to $1,000,000.
You can use your knowledge and expertise to make a real difference and get paid for solving these problems too. Considering the vast pool of brilliant and creative people with varied expertise available to passionately solve real life problems in the world the success rate is bound to be good. I heard in the Business Week podcast that 40% of the problems are solved which is an exceptional number for the cost and resources.
Sen. John McCain of Arizona, the Republican nominee for president, has proposed that the government offer $300 million to whoever invents a battery compact enough, powerful enough and cheap enough to replace fossil fuels. (something similar to Innocentive)
To see the details of available Challenges and register with InnoCentive click here:
Join Innocentive
If you have the world's brightest minds solving your problem what more do you want?
Concepts like these will definitely help the world become a better place for all of us to live.
Thursday, July 3, 2008
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