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Showing posts from September, 2012

U.S. Grads Work As Waiters While Italy’s Remain Jobless

Federal Reserve Chairman Ben S. Bernanke last month said persistently high U.S. unemployment was causing "enormous suffering," even as he expressed confidence that the jobless rate would eventually return to pre-recession levels, as it has in past downturns.The situation is especially acute among America's youngest workers, who are battling an unemployment rate that's remained at or above 16 percent for the longest period in postwar history. Oliva, 35, hasn't held a year-round job since she graduated from the University of Naples with an art degree 12 years ago, and now manages a bar near Rome. Wright, 22, who got his B.A. in history from Middlebury College in Vermont four months ago, moved in with his parents in Queens, New York, because he is unemployed."I knew it would be difficult, but I thought I'd have a job by now," said Wright, who began seeking work in April and says he lost count of how many resumes he's sent out. "All of these p…

Search google wisely to reduce CO2 emission

Two Google searches 'produce same CO2 as boiling a kettle' 
A typical search through the online giant's website is thought to generate about 7g of carbon dioxide. Boiling a kettle produces about 15g. The emissions are caused both by the electricity required to power a user's computer and send their request to servers around the world. The discovery comes amid increasing warnings about the little-known environmental impact of computer and internet use. According to Gartner, an American research firm, IT now causes about two per cent of global CO2 emissions and its carbon footprint exceeded that of the world's aviation industry for the first time in 2007. Dr Alex Wissner-Gross, a physicist from Harvard University who is leading research into the subject, has estimated that browsing a basic website generates about 0.02g of CO2 for every second it is …

Euro zone headed for recession, China, U.S. struggle

(Reuters) - World business surveys on Thursday painted a picture of economic malaise stretching from Beijing to Berlin, adding to concerns that the world economy was slowing down. The 17-country euro zone appeared headed for its second recession in three years. Financial data firm Markit said its Purchasing Managers' Index suggested the euro zone economy would shrink about 0.5 percent in the July-to-September quarter. Europe's problems created headaches in other economies as well, particularly China's, which counts Europe as its single biggest export market. The HSBC Flash China manufacturing PMI fell to 47.8 in August, its lowest level since November. By contrast U.S. manufacturing activity improved slightly this month, though new export orders declined for a third straight month because of reduced demand in Europe, while the pace of hiring slowed for the fifth month in a row. A separate report showed the number of Americans applying for first-time jobless benefits ro…

Survey points to deepening eurozone recession

LONDON — Europe appears headed for a deepening economic recession despite a recent easing in market concerns over the three-year debt crisis, a closely-watched survey found Thursday.Financial data company Markit said its purchasing managers' index — a gauge of business activity — for the 17-country eurozone fell to 45.9 in September from 46.3 the previous month.The decline was a surprise as the consensus in the markets was for a modest improvement. Anything below 50 indicates a contraction in economic activity.September's rate was the lowest in over three years and came despite an easing in the rate of economic contraction in Germany, the eurozone's largest economy.The decline also highlights the scale of the challenge facing European policymakers as they seek to get a grip on the debt crisis and may fuel hopes that the European Central Bank will cut its main interest rate further from the record low of 0.75 percent.Over recent weeks, stocks in Europe have pushed up to mul…

Focus must be on FDI and not on FII inflows, says Raghuram Rajan

Cautioning against over-dependence on FIIs (foreign institutional investors), who bring in hot money, Chief Economic Adviser Raghuram Rajan, on Tuesday, said the government should focus on foreign direct investment (FDI) and open more sectors to such inflows."We have to be careful that we are not overtly dependent on external investors… that this is an environment when the external investor is quite fickle...," Dr. Rajan said in his first media interaction.Betting high on India's reform initiatives, foreign investors had pumped in more than Rs.9,000 crore (about $1.67 billion) in the country's equity market this month."The safest form of financing is through FDI, without any doubt because it is long-term... If you can make more financing through FDI, you are safer and so to that extent we can open up more to FDI... There will be efficiency, because there will be more competition in local economy," Dr. Rajan said.Recently, the government has taken a number o…

Cipla attracting outside talent, venturing into new territory

In the past few months, Cipla has changed its strategy in a number of areas — from region, to product to human resources — to prevent a future meltdown from eroding margins.Till now, the names Cipla and Yusuf Hamied have been virtually interchangeable. After all, Hamied was the one who put the generic drug company onto the world map when he provided many health care systems in developing countries with cheaper versions of unaffordable AIDS drugs, making instant icons out of himself and his company .

Today, however, Hamied is no longer steering the drug maker on a daily basis and Cipla, meanwhile, is engineering a quiet revolution on its own — attracting outside talent, which it has never done before — and venturing into new territory in order to avoid an existential crisis when the patent cliff expires in a few years. Simply put, the company has begun a quest for a growth trajectory that will generate sustainable profits in the future."While we may call it a 'transformation,&#…

Plosser Says QE3 Risks Fed Credibility, Won’t Boost Jobs

Federal Reserve Bank of Philadelphia President Charles Plosser said new bond buying announced by the Fed this month probably won't boost growth or hiring and may jeopardize the central bank's credibility.

"We are unlikely to see much benefit to growth or to employment from further asset purchases," Plosser said in a speech today at the district bank in Philadelphia. "Conveying the idea that such action will have a substantive impact on labor markets and the speed of the recovery risks the Fed's credibility."

Charles Plosser said today that central banks can't effectively target employment levels the same way they can guide inflation rates because hiring also depends on variables unrelated to monetary policy, such as technology, education and tax rates. Photographer: Scott Eells/Bloomberg
The Federal Open Market Committee said Sept. 13 that it will undertake a third round of quantitative easing by purchasing mortgage-backed securities at a pace of…

Mortgaged property auctioned by banks can be cheaper

Flipping through newspapers can be an interesting exercise for
property buyers. A number of banks give advertisements in these, at
rates which at first glance look much cheaper than the market one.

For instance, one advertisement for a property in Kandivali on the
outskirts of Mumbai says the floor price is Rs 25 lakh for a 1,000 sq
ft property. Whereas, the price of a 1,000 sq ft flat in Kandivali
would be close to Rs 1 crore or even more. What the advertisement
implies is that Rs 25 lakh is the minimum amount – called 'floor
price' for the flat. Flats will go through a process where other
buyers will bid as well.

So, what are these flats? Usually, these (mortgaged to banks, which
then auction these to recover their dues) are auctioned when buyers
are unable to pay their equated monthly instalments for an extended

My video on analysis of Gold price chart and prediction of gold price for 2012 and indication for 2013 gets 950 views on youtube

Gold price forecast for 2012 .
M K Munir, Technical analyst and investment advisor.

The economic factors around the world clearly indicate that there is
a lot more upside to gold. Here is the basic important technical
analysis of the Gold price so that we may get a clear signal when it
starts to make a major move. The charts are taken from  I have shown analysis
for price of Gold in each currency - JPY, AUD, USD INR, CAD. The
Analysis in AUD and CAD are most reliable to predict a beginning of a
major upmove in gold as these currencies have show minimal volatility
in recent years.
I can be reached for suggestions and professional advice for Gold,
Silver and stocks at
For factors affecting gold and more interesting info visit other posts on this blog

Walmart expects to open first India outlet in 12 to 18 months

New York: Walmart Stores Inc. has said it is capable of opening stores within 12 to 18 months in India, a media report says. "The company is capable of opening stores within 12 to 18 months, and would be seeking permission to do so from states that have already indicated their willingness to have the US retailer set up shop," Walmart Stores president and CEO for Asia, Scott Price, said in an interview to The 'Wall Street Journal'. "Two years would be a reasonable time frame in total."Price, however, said the company has not yet decided where or how many stores it would like to have in India. But he said the company expects to continue in retail its current partnership with Bharti Enterprises in a chain of 17 cash and carry stores.

my blog viewership statistics for last one month

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Foreign direct investment - demystified - advantage, disadvantage

Definition: Foreign direct investment is of growing importance to global economic growth. This is especially for developing andemerging market countries. FDI from investors in developed areas like the EU and the U.S. provide funding and expertise to help smaller companies in these emerging markets to expand and increase international sales.

Until recently, Southeast Asia was the greatest beneficiary of FDI. However, as of 2011, Latin America and the Caribbean pulled ahead, receiving a 35% increase in FDI. The developed world also receives its fair share of cross-border investment, but of a different nature. Most of this is mergers and acquisitions between mature companies. These already-global corporations are engaged in restructuring or refocusing on core businesses. However, it gets recorded as FDI. This type of investment is more about maintenance, and less about making great stride in economic growth. (Source: UNCTAD, Annual FDI Report) What Exactly Is Foreign Direct Investment?Th…

FDI in India Advantages and Disadvantages

Overview First of all, FDI means Foreign Direct Investment which is mainly dealings with monetary matters and using this way they acquires standalone position in the Indian economy. Their policy is very simple to remove rivals. In beginning days they sell products at low price so other competitor shut down in few months. And then companies like Wall-Mart will increase prices than actual product price. They are focusing on national and international economic concerns. There are four main working pillars of FDI. They are financial collaborations, technical collaborations and joint ventures, capital markets via Euro issues, and private placements or preferential allotments. There are two types of FDI, one is inward FDI and second is outward FDI. Ongoing news suggests that largest retailer Wal-Mart has demanded for 51% of international dealings in FDI in Indian markets which had called nationwide strike. From positive and negative aspects FDI has its own advantages and disadvantages.

Wind energy hub could create over 50,000 jobs Updated: Wednesday, 27th June, 2012 5:30pm
Eddie O'Connor's company Mainstream Renewable Power opened an office in Edenderry this week. Offaly is to become the centre of a Midlands renewable energy hub that will supply the UK with up to 5,000MW of wind energy within five years and create up to 54,000 jobs. Founder of Mainstream Renewable Power Eddie O'Connor, who in the past headed up Airtricity and before that Bord na Móna, said last Tuesday at the opening of the company's Edenderry office that his company's plans will not be paid for by the Irish consumer, but that the benefits to Ireland will be "enormous". Mainstream Renewable Power was established to develop wind and solar projects both onshore and offshore and is currently developing over 15,000MW of projects across seven countries in four different continents. Plans were unveiled for the company's latest project last Tuesday. Speaking to the Offal…

TATA - truly global

TCS going multi geography, multi cultural across countries

 IT companies boost talent across geographiesIn the UKIERI Study India Programme, UK school leavers, students must visit India for 4 weeks during the summer months for a cultural exchangeM Saraswathy / Mumbai Sep 13, 2012, 18:51 IST Companies in the information technology space are looking at nurturing talent across geographies. In the past few weeks, companies including Tata Consultancy Services (TCS) and Wipro have implemented programmes for individuals in the US and the UK.TCS today announced its support to the Study India Programme (SIP) 2012, a UK-India Education and Research Initiative (UKIERI). The programme is designed to nurture the essential employability skills that businesses will look for in developing a best-of-breed workforce in an increasingly competitive global business environment.Through the UKIERI Study India Programme, UK school leavers and students visit India for four weeks during the summer months to en…

Welcome to the mercy of the Banks (and indirectly Insurance companies)

Joe Weisenthal|March 20, 2012
Ben Bernanke just gave the first lecture of his 4-part series on the origins of the Fed. We'll have full transcripts and slides later, but one thing really stood out ... He spent a lot of time talking about the gold standard, and he just murdered it. Among his points: To have a gold standard, you have to go dig up gold in South Africa and put it in a basement in New York. It's nonsensical. The gold standard ends up linking everyone's currencies, causing policy in one country to transmit to another country (sort of how U.S. policy now transmits to China, because they've fixed the yuan price to the dollar). So for example, if the U.K. fixes the number of pounds to an ounce of gold, and the U.S. fixes the number of dollars to an ounce of gold, then the pound and the U.S. dollar inadvertently become linked.It creates deflation, as William Jennings Bryan noted. The meaning of the "cross of gold" speech: Because farmers had debts fixed …

Marc Faber: Fed Policy Will ‘Destroy the World’ -on Bloomberg TV

By Sep 14, 2012, 1:16 PMAuthor's Website Marc Faber, publisher of the Gloom Boom & Doom Report, told Bloomberg Television's Betty Liu on "In the Loop" today that "the fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols.Faber said that he is "very happy. Very good for the Fed. Congratulations, Mr. Bernanke. I'm happy. My asset values go up but as a responsible citizen I have to say the monetary policies of the U.S. will destroy the world."Excerpts from the interview can be found below, courtesy of Bloomberg Television.
Faber on more Federal Reserve stimulus: "It is difficult to tell what will happen. I happen to believe that eventually we will have a systemic crisis and everything will collapse. But the question is really between here and then. Will everything collapse with Dow Jones 20,000…

Pictures of Ashikaga Flower Park of Japan.

Just beautiful, hard to believe they can grow like this. Ashikaga Flower Park, Japan 's Tochigi Province , famous for various kinds of Wisteria.  

Park features a lot of Ashikaga colors of blue, white and pink wisteria and yellow blooms.

Park flowers, usually in full bloom in early May, two weeks later than the flowering wisteria is in Tokyo . Ashikaga is considered one of the best places to view the blooming wisteria in Japan , flowers in the park are planted very close to each other to create beautiful and intricate compositions.

Park has a 100 years old wisteria. About 160 wisteria at 60 years old. 1,500 azaleas or at more than 60 years old.

For a century the park created huge wisteria frames to support the huge umbrella of violet-blue flowers. There's also a long tunnel of white wisteria and yellow broom kingusari tunnel will take many years to become an actual tunnel.

Since the wisteria vines, park workers didn't miss the opportunity to create tunnels of thes…

Humour on current world economy

"Now it turns out AIG gave $35 billion of our money to bail out
Europeans. See this is how a global economy works. Our hard-earned tax
dollars are used to bail out German banks for making bad investments
in American companies that shut down because the Japanese owners moved
the whole thing to India, China and Mexico." --Jay Leno

"In a stunning announcement, Citigroup showed a profit and had its
best quarter since 2007. They made $8 billion in profit. That just
goes to show you, you give a company $45 billion in government bailout
money, and they'll show you how to turn it into $8 billion. See this
is capitalism!" -- Jay Leno

A simple video explains in the most easy way what went wrong OR was made wrong causing -joblessness, shooting gold price, food inflation

The Collapse of The American Dream Explained in Animation comments:
"Absolutely amazing. Amazingly conceived, amazingly portrayed, amazingly explained, amazingly innovative, amazingly imaginative"
"Great video. It will take a long, long, long time for America to even put a dent on its current debt. Everyone won't work together because they want their dream now and not suffer for a moment to erase this debt. When it falls, Great Depression 2 will be much more painful and massive like WW2."

Believe it or not, some analysts are calling for gold prices to move close to $5,000 - Article from MSN money

Believe it or not, some analysts are calling for prices to move close to $5,000 -- not immediately, but sooner than you may think. Here's why, and a few ways to play gold's upward. Fears of inflation and global turmoil have sent precious metals surging, with gold trading at all-time highs above $1,500 an ounce. How much further can it climb? The road to $5,000 gold This is because, according to the folks at Standard Chartered Bank, gold is moving into a new "super-cycle" as a number of structural factors -- including consumer demand from Asia and tepid growth in supply -- combine to push prices higher. The team, led by Dan Smith, is looking for prices of $2,107 an ounce in 2014 as its base forecast. Anthony Mirhaydari The team's members see the potential for much more. In their words, "statistical modeling suggests a possible 'super-bull' scenario of gold prices rallying up to $4,869 in nominal terms by 2020." It's all about supply and deman…