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Obama economic plan aims for 2.5M new jobs by 2011
WASHINGTON – President-elect Barack Obama promoted an economic plan Saturday he said would create 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars.
"These aren`t just steps to pull ourselves out of this immediate crisis. These are the long-term investments in our economic future that have been ignored for far too long," Obama said in the weekly Democratic radio address.
The goal is to get the plan quickly through Congress, with help from both parties, after Obama takes office Jan. 20. The plan, which envisions those new jobs by January 2011, is "big enough to meet the challenges we face," he said. The president-elect said he has asked his economic advisers to flesh out the recovery plan — one "big enough to meet the challenges we face. ... We`ll be working out the details in the weeks ahead, but it will be a two-year, nationwide effort to jump-start job creation in America and lay the foundation for a strong and growing economy."
Obama noted the growing evidence the country is "facing an economic crisis of historic proportions" and said he was pleased Congress passed an extension of unemployment benefits this past week. But, he added, `We must do more to put people back to work and get our economy moving again."
Nonetheless, he said, "There are no quick or easy fixes to this crisis, which has been many years in the making, and it`s likely to get worse before it gets better."
It will take support from Democrats and Republicans to pass the economic plan, Obama said. "I`ll be welcome to ideas and suggestions from both sides of the aisle," he said. "But what is not negotiable is the need for immediate action."
People "are lying awake at night wondering if next week`s paycheck will cover next month`s bills," if their jobs will remain, if their retirement savings will disappear, he added.
Senate Majority Leader Harry Reid, D-Nev., said congressional Democrats will "continue pushing for aggressive but necessary measures. Part of that is passing a substantial economic recovery package, like the one President-elect Obama discussed this morning, that creates good-paying jobs here in America and stabilizes a volatile market."
In a slap at President George W. Bush, Reid added, "We will soon finally have a leader and partner in the White House who recognizes the urgency with which we must turn around our economy, and I look forward to working with him and the new Congress to do so."
The Labor Department reported that claims for unemployment benefits jumped last week to the highest level since July 1992, providing fresh evidence of the weakening job market.
"We`ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels," Obama said. He also made a commitment to fuel-efficient cars and alternative energy technologies "that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead."
Obama pointed to the past, saying that Americans in this country`s darkest hours have risen above their divisions to solve their problems, as a hope for the future.
"We have acted boldly, bravely, and above all, together," Obama said. "That is the chance our new beginning now offers us, and that is the challenge we must rise to in the days to come. It is time to act. As the next president of the United States, I will."
...
In reply to:
Welcome to the world of Obamanomics.
Posted by :
sambala
Napolitano was an early supporter of candidate Obama among the ranks of Democratic governors, as was Kathleen Sebelius of Kansas. Sebelius has figured prominently in recent days in speculation as possible secretary of labor.
Additionally, retired Gen. James Jones, a former Marine Corps commandant and NATO commander, was among those under consideration for national security adviser. James Steinberg, an Obama campaign aide who served in Clinton`s White House, was another possibility, according to officials.
Obama has repeatedly referred to the economic crisis as the top priority for his new administration.
Geithner held posts in the Treasury Department under three administrations and five secretaries before moving to the New York Fed in 2003. He also held positions at the International Monetary Fund and was employed at the private firm of former Secretary of State Henry Kissinger.
The Dow Jones industrials soared by nearly 500 points late in the day Friday, a sharp rise that coincided with the first reports of Geithner`s possible appointment.
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Napolitano was an early supporter of candidate Obama among the ranks of Democratic governors, as was Kathleen Sebelius of Kansas. Sebelius has figured prominently in recent days in speculation as possible secretary of labor.
Additionally, retired Gen. James Jones, a former Marine Corps commandant and NATO commander, was among those under consideration for national security adviser. James Steinberg, an Obama campaign aide who served in Clinton`s White House, was another possibility, according to officials.
Obama has repeatedly referred to the economic crisis as the top priority for his new administration.
Geithner held posts in the Treasury Department under three administrations and five secretaries before moving to the New York Fed in 2003. He also held positions at the International Monetary Fund and was employed at the private firm of former Secretary of State Henry Kissinger.
The Dow Jones industrials soared by nearly 500 points late in the day Friday, a sharp rise that coincided with the first reports of Geithner`s possible appointment.
...
In reply to:
Welcome to the world of Obamanomics.
Posted by : sambala
Obama moves quickly to fill Cabinet positions
WASHINGTON – President-elect Barack Obama has moved with unusual speed to select officials for his administration, and senior Democratic officials say he intends to name Timothy Geithner as his treasury secretary as soon as Monday.
It was not clear when Obama intended to formally unveil any of his other picks for the administration that takes office at the stroke of noon on Jan. 20. One Democrat said John Podesta, a leader of Obama`s transition team, had told Senate aides on Friday that Obama hoped for speedy confirmation so the new administration could get to work quickly thereafter.
Word of Geithner`s likely selection emerged as New York Sen. Hillary Rodham Clinton, in line to become secretary of state, said through a spokesman that discussions were on track for her appointment but no final arrangement had been made.
Obama`s choice for attorney general, a third critical post as the president-elect rounds out his top Cabinet echelon, is Eric Holder. He held the No. 2 slot in the Justice Department in President Bill Clinton`s administration.
The president-elect plans to announce Geithner`s appointment in Chicago on Monday, barring an unforeseen snag in a background check that is nearly complete, said one of the senior officials, both of whom were familiar with the deliberations. He`s the president of the New York Federal Reserve.
If nominated and confirmed by the Senate, Geithner, 47, would assume chief responsibility for tackling an economic slowdown and credit crunch that threaten to create the deepest recession in more than a generation. In his current post in New York, he has played a key role in the government`s response to the financial crisis and has worked closely with Treasury Secretary Henry Paulson and Ben Bernanke, chairman of the Federal Reserve.
As a Treasury Department official during the Clinton administration, Geithner (pronounced GITE-ner) dealt with international financial crises and played a major part in negotiating assistance packages for South Korea and Brazil.
Lawrence Summers, a former treasury secretary and one-time Harvard University president, was being considered as an economic adviser. Economic posts also seemed likely for Obama`s top two economic advisers during his campaign, Austan Goolsbee and Jason Furman.
Officials said New Mexico Gov. Bill Richardson had emerged as a likely pick as commerce secretary, although he had hoped to be secretary of state. Like Clinton, he was a rival of Obama`s for the Democratic presidential nomination last winter. He dropped out after the early contests, though, and soon threw his support behind the eventual winner.
The officials spoke only on condition of anonymity because they were not authorized to publicly discuss the anticipated appointments.
The president-elect has largely stayed out of public view since his election on Nov. 4, preferring to work quietly with aides and Vice President-elect Joe Biden in a suite of offices in downtown Chicago.
Obama faces unusual challenges and has moved quickly in assembling his team. Former President George H.W. Bush made his first Cabinet pick the day after his election in 1988, but former President Clinton did not name any members until after Thanksgiving. President George W. Bush`s transition was delayed by the contested result in Florida.
While speculation has been rampant about most top-level appointments, there has been relatively little about Obama`s choice for defense secretary. His aides encouraged speculation before the election that Robert Gates, who now holds the position, would remain in office for an interim period.
Other Cabinet selections so far include former Senate Majority Leader Tom Daschle of South Dakota as secretary of health and human services and Arizona Gov. Janet Napolitano, likely to be named as secretary of the Homeland Security Department.
Cont,,,,,
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Obama moves quickly to fill Cabinet positions
WASHINGTON – President-elect Barack Obama has moved with unusual speed to select officials for his administration, and senior Democratic officials say he intends to name Timothy Geithner as his treasury secretary as soon as Monday.
It was not clear when Obama intended to formally unveil any of his other picks for the administration that takes office at the stroke of noon on Jan. 20. One Democrat said John Podesta, a leader of Obama`s transition team, had told Senate aides on Friday that Obama hoped for speedy confirmation so the new administration could get to work quickly thereafter.
Word of Geithner`s likely selection emerged as New York Sen. Hillary Rodham Clinton, in line to become secretary of state, said through a spokesman that discussions were on track for her appointment but no final arrangement had been made.
Obama`s choice for attorney general, a third critical post as the president-elect rounds out his top Cabinet echelon, is Eric Holder. He held the No. 2 slot in the Justice Department in President Bill Clinton`s administration.
The president-elect plans to announce Geithner`s appointment in Chicago on Monday, barring an unforeseen snag in a background check that is nearly complete, said one of the senior officials, both of whom were familiar with the deliberations. He`s the president of the New York Federal Reserve.
If nominated and confirmed by the Senate, Geithner, 47, would assume chief responsibility for tackling an economic slowdown and credit crunch that threaten to create the deepest recession in more than a generation. In his current post in New York, he has played a key role in the government`s response to the financial crisis and has worked closely with Treasury Secretary Henry Paulson and Ben Bernanke, chairman of the Federal Reserve.
As a Treasury Department official during the Clinton administration, Geithner (pronounced GITE-ner) dealt with international financial crises and played a major part in negotiating assistance packages for South Korea and Brazil.
Lawrence Summers, a former treasury secretary and one-time Harvard University president, was being considered as an economic adviser. Economic posts also seemed likely for Obama`s top two economic advisers during his campaign, Austan Goolsbee and Jason Furman.
Officials said New Mexico Gov. Bill Richardson had emerged as a likely pick as commerce secretary, although he had hoped to be secretary of state. Like Clinton, he was a rival of Obama`s for the Democratic presidential nomination last winter. He dropped out after the early contests, though, and soon threw his support behind the eventual winner.
The officials spoke only on condition of anonymity because they were not authorized to publicly discuss the anticipated appointments.
The president-elect has largely stayed out of public view since his election on Nov. 4, preferring to work quietly with aides and Vice President-elect Joe Biden in a suite of offices in downtown Chicago.
Obama faces unusual challenges and has moved quickly in assembling his team. Former President George H.W. Bush made his first Cabinet pick the day after his election in 1988, but former President Clinton did not name any members until after Thanksgiving. President George W. Bush`s transition was delayed by the contested result in Florida.
While speculation has been rampant about most top-level appointments, there has been relatively little about Obama`s choice for defense secretary. His aides encouraged speculation before the election that Robert Gates, who now holds the position, would remain in office for an interim period.
Other Cabinet selections so far include former Senate Majority Leader Tom Daschle of South Dakota as secretary of health and human services and Arizona Gov. Janet Napolitano, likely to be named as secretary of the Homeland Security Department.
Cont,,,,,...
In reply to:
Welcome to the world of Obamanomics.
Posted by : sambala
Set to become the first black U.S. president, Obama will inherit a deeply unpopular war in Iraq and another war in Afghanistan, where violence has soared, and will seek to rebuild relationships with allies, particularly in Europe.
Retired Marine Gen. James Jones has emerged as a leading contender for White House national security adviser, according to Democratic sources. Jones is a former top operational commander of NATO.
Obama is also leaning toward keeping Defense Secretary Robert Gates. Gates, who replaced the combative Donald Rumsfeld in 2006, is praised by both Republicans and Democrats in Congress for overseeing a military strategy shift in Iraq that helped bring the country back from the brink of civil war.
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Recently, Maharashtra was in the news for some other wrong reasons also. A number of attacks on north Indians took place in Mumbai and other cities of the state. What is your party’s stand on the issue of giving priority to Maharashtrians in jobs?
Let me remind you that linguistic states were created with the idea of protecting and promoting various languages and cultures which are spoken and practised in our country. Therefore, there is no harm in demanding priority for locals in the jobs. However, we condemn the methods and language used by the Maharashtra Navanirman Sena and its chief Raj Thackeray. We have no issues if MNS carries out its agitation in a peaceful manner.
Thousands of candidates from outside the state come to appear for examinations held to fill government posts in Maharashtra, with local candidates numbering not even few hundreds. Such a situation is bound to create tension. The Congress and NCP, with the help of people like Railway Minister Lalu Prasad, are deliberately trying to create tension and law and order problems in the state as they feel that the MNS’ violent agitation will eat into Shiv Sena’s vote bank, and the migrants will have no option but to back the Congress-NCP alliance.
It is a general perception that the MNS agitation is going to cost the BJP more dearly than Shiv Sena, especially in Mumbai, as your party’s candidates in Mumbai are usually from non-Maharashtrian communities.
It is a figment of our ‘well-wishers’’ imagination and I wish they continue to live in their paradise till the results of the elections are out.
The relationship between the BJP and Shiv Sena has seen lots of ups and downs in the last four years. There had been serious differences with the Sena over issues like its support to the candidature of Pratibha Patil for the Presidential election, declaration of support to Sharad Pawar if he is in the race for the prime minister’s post and even on the issue of contesting by-elections. But all that is past. For the last year or so, the relationship has been perfectly cordial. Sena has clarified that the decision to support Pratibha Patil was an exception and that the party remains with the National Democratic Alliance (NDA). Sena chief Balasaheb Thackeray has also declared his support to the candidature of L K Advani for the prime minister’s post.
...
In reply to:
Why are Hindus angry?
Posted by : sambala
`A conspiracy to defame Hindu leaders`
Q&A: Nitin Gadkari
Maharashtra BJP President Nitin Gadkari tells MAKARAND GADGIL that the Malegaon blasts probe aims at appeasing minorities
Organisations from the Sangh Parivar, including the Bharatiya Janata Party (BJP), have come forward to help the Malegaon blasts accused. Don’t you think it is a dangerous trend to label terrorists as Hindus and Muslims and then come in support of those who are ideologically closer to you?
It is the Congress-Nationalist Congress Party (NCP) government in the state that is trying to label terrorists as Hindus or Muslims. If the Malegaon blasts accused are found guilty, hang them. But what is going on is persecution and a conspiracy to defame Hindu religious leaders and the military in the name of investigation. All this is being done to show the minorities that how fair the government is when it comes to dealing with Hindu organisations as well.
The Congress-NCP combine knows it has lost credibility even among the minorities. Everyone is suffering from its misrule of nine years. The electricity situation has gone from bad to worse, with rural areas facing power cuts of up to 18 hours a day; more than 2,500 farmers have committed suicide; rotten food grains unfit for human consumption are being imported and distributed through the public distribution system (PDS); and there is a complete collapse of infrastructure in urban areas.
Even the Wakf land has not been spared by these self- styled saviours of minorities. Wakf properties are those properties which are donated by the Muslims for betterment of their community, but the politicians from both these parties have grabbed even these. We had organised a state-wide agitation over this issue. Though the government had ordered an inquiry into this, its report is still under wraps.
In such a situation, seeing no other alternative, the Congress-NCP combine is trying to woo back minorities by labelling some Hindu organisations and religious leaders as terrorists.
So you see a political conspiracy behind the arrest of Sadhvi Pragya Singh Thakur, Lt Col Prasad Shrikant Purohit and others?
Yes, but isn’t it obvious? Otherwise, how one month before the arrests of these accused, both NCP president Sharad Pawar and Deputy Chief Minister R R Patil, while delivering speeches from the party forum, could say: “Terrorists are not only Muslims and the role of Hindu organisations in bomb blasts also needs to be probed.” These statements clearly gave a lead to the Anti-Terrorist Squad (ATS) on the track it should follow in carrying out its investigations.
And results of the subsequent investigation also show that the police have no concrete evidence to back their theory. Otherwise, why Pragya Singh’s narco test was carried out three times? Everyone knows narco tests are carried out to collect the corroborative evidence, and corroborative evidence is collected to back material or circumstantial evidence you have collected. However, as the ATS does not have any primary evidence, it is subjecting the sadhvi to repeated narco tests to get some clues.
Are you accusing the Congress and NCP of playing politics of minority appeasement on the issue of bomb blasts?
Earlier, secularism in our country meant appeasement of minorities, but now it has got a more vicious meaning - appeasement of terrorists. The Congress-NCP combine, which is hell-bent on proving links of Hindu organisations to the bomb blasts in Malegaon, is dithering over hanging Afzal Guru whose death penalty has been confirmed by the Supreme Court. This clearly shows that there is no other motive but to woo minorities by framing some Hindu organisations in the bomb blasts case.
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`A conspiracy to defame Hindu leaders`
Q&A: Nitin Gadkari
Maharashtra BJP President Nitin Gadkari tells MAKARAND GADGIL that the Malegaon blasts probe aims at appeasing minorities
Organisations from the Sangh Parivar, including the Bharatiya Janata Party (BJP), have come forward to help the Malegaon blasts accused. Don’t you think it is a dangerous trend to label terrorists as Hindus and Muslims and then come in support of those who are ideologically closer to you?
It is the Congress-Nationalist Congress Party (NCP) government in the state that is trying to label terrorists as Hindus or Muslims. If the Malegaon blasts accused are found guilty, hang them. But what is going on is persecution and a conspiracy to defame Hindu religious leaders and the military in the name of investigation. All this is being done to show the minorities that how fair the government is when it comes to dealing with Hindu organisations as well.
The Congress-NCP combine knows it has lost credibility even among the minorities. Everyone is suffering from its misrule of nine years. The electricity situation has gone from bad to worse, with rural areas facing power cuts of up to 18 hours a day; more than 2,500 farmers have committed suicide; rotten food grains unfit for human consumption are being imported and distributed through the public distribution system (PDS); and there is a complete collapse of infrastructure in urban areas.
Even the Wakf land has not been spared by these self- styled saviours of minorities. Wakf properties are those properties which are donated by the Muslims for betterment of their community, but the politicians from both these parties have grabbed even these. We had organised a state-wide agitation over this issue. Though the government had ordered an inquiry into this, its report is still under wraps.
In such a situation, seeing no other alternative, the Congress-NCP combine is trying to woo back minorities by labelling some Hindu organisations and religious leaders as terrorists.
So you see a political conspiracy behind the arrest of Sadhvi Pragya Singh Thakur, Lt Col Prasad Shrikant Purohit and others?
Yes, but isn’t it obvious? Otherwise, how one month before the arrests of these accused, both NCP president Sharad Pawar and Deputy Chief Minister R R Patil, while delivering speeches from the party forum, could say: “Terrorists are not only Muslims and the role of Hindu organisations in bomb blasts also needs to be probed.” These statements clearly gave a lead to the Anti-Terrorist Squad (ATS) on the track it should follow in carrying out its investigations.
And results of the subsequent investigation also show that the police have no concrete evidence to back their theory. Otherwise, why Pragya Singh’s narco test was carried out three times? Everyone knows narco tests are carried out to collect the corroborative evidence, and corroborative evidence is collected to back material or circumstantial evidence you have collected. However, as the ATS does not have any primary evidence, it is subjecting the sadhvi to repeated narco tests to get some clues.
Are you accusing the Congress and NCP of playing politics of minority appeasement on the issue of bomb blasts?
Earlier, secularism in our country meant appeasement of minorities, but now it has got a more vicious meaning - appeasement of terrorists. The Congress-NCP combine, which is hell-bent on proving links of Hindu organisations to the bomb blasts in Malegaon, is dithering over hanging Afzal Guru whose death penalty has been confirmed by the Supreme Court. This clearly shows that there is no other motive but to woo minorities by framing some Hindu organisations in the bomb blasts case.
...
In reply to:
Why are Hindus angry?
Posted by : sambala
The way you Mecca me feel
MICHAEL JACKSON has become a Muslim and changed his name to MIKAEEL.
The skint superstar, 50, donned Islamic garb to pledge allegiance to the Koran in a ceremony at a pal’s mansion in Los Angeles, The Sun can reveal.
Jacko sat on the floor wearing a tiny hat after an Imam was summoned to officiate — days before the singer is due to appear at London’s High Court where he is being sued by an Arab sheik.
A source told last night how Jacko, brought up as a Jehovah’s Witness, decided to convert as he used a studio at the home of his chum to record a new album.
The star — whose hits include The Way You Make Me Feel — was spotted looking “a bit down” by a producer and a songwriter who had both embraced Islam.
Shahada
The source said: “They began talking to him about their beliefs, and how they thought they had become better people after they converted. Michael soon began warming to the idea.
“An Imam was summoned from the mosque and Michael went through the shahada, which is the Muslim declaration of belief.” Mikaeel is the name of one of Allah’s angels.
“Jacko rejected an alternative name, Mustafa — meaning “the chosen one”.
Brit singer Yousef Islam, 60 — who was called Cat Stevens until he famously converted — turned up to help Jacko celebrate.
It was his pals David Wharnsby — a Canadian songwriter — and producer Phillip Bubal who counselled Jacko.
The pair’s new names are Dawud Wharnsby Ali and Idris Phillips.
Jacko now prays to Mecca after the ceremony at the Hollywood Hills home of Toto keyboard player Steve Porcaro, 51, who composed music on the singer’s Thriller album.
Jacko, who rarely ventures out without a mask, is due to give evidence on Monday in a £4.7million lawsuit brought by Prince Abdulla Al-Khalif of Bahrain.
The sheik claims he bankrolled the singer’s lavish lifestyle in exchange for an exclusive recording contract. The billionaire sent songs for him to record but claims he was blanked.
He told the court yesterday: “Many times he confirmed to me he would pay me back.”
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Citi India staff face downsizing; severance offers made
Mumbai, Nov. 22 Some of Citi India’s employees have been sounded out on severance; this comes close on the heels of the parent bank recently announcing it would cut 52,000 jobs in the US over the next year on the back of mounting loan losses.
The bank’s Indian operations — with a staff strength of around 11,000 — would be downsizing too, said insiders. A senior Citi India official, who declined to be identified, said employees across senior, mid, and junior levels face retrenchment. “The severance package is not too bad. It may not be a bad idea to opt for it as the bank could face a takeover sooner or later,” the official said.
Across the group
Offers of a severance package have been made not only to staff from the bank, but also to employees in Citi’s capital markets arm and Citifinancial, the group’s non-banking subsidiary in India, he added.
Developments at the bank come in the wake of Mr Sanjay Nayar, former CEO for India and South Asia, Citibank, moving to Kohlberg, Kravis, Roberts & Co as its first chief executive officer and country head for India. Citigroup has appointed Mr Mark Robinson in Mr Nayar’s place.
A senior Citifinancial official said: “I have no information as yet about lay-offs. As far as business goes, we have restructured our operations by stopping small-ticket retail advances to customers in the Socio-Economic Categories B and C as we have faced a lot of defaults. We are now focussing only on extending big ticket advances to SEC A customers, who have the wherewithal to repay loans.”
The official pointed out that, as part of the cost-cutting exercise, some of Citifinancial’s unviable branches may be closed down. “Earlier, a customer could get a loan from us with minimum fuss. But with loan defaults rising, we have tightened the credit appraisal procedures. We now also have a fraud check mechanism in place. So, a customer now has to wait longer to get a loan from us,” he said.
Incidentally, Citigroup Inc, which reported a $5.1-billion loss in the first quarter of its accounting year, said in April 2008 that its Indian operations suffered higher credit costs (provisions against bad debt and write-offs) and increased recovery costs.
India driven
It said the Indian operations contributed to the decline in Citigroup’s net income from Asia. The group had also said that under its international consumer finance business, “the net loss of $99 million was mainly due to an increase in credit costs of 92 per cent, primarily driven by India, and a repositioning charge.”
In the financial year ended March 31, 2008, Citibank India reported a 100 per cent jump in its net profit to Rs 1,804 crore, against Rs 900 crore in the previous year.
...
In reply to:
Job losses....
Posted by : marketman
It is pretty much confirmed now that there have been a round of pink slips handed out at Citigroup India. The exact number is as yet not ascertainable. A Wall Street Journal report had quoted sources and said that about 1,000 jobs will be cut at Citi India. The report also alluded to Citi Financial — that is the NBFC or non-banking financial company arm of the company — being likely to lose most of the jobs. The report quoted a Citi official spokesperson as saying that the NBFC is offering new products or rather revamping a product it is offering and therefore some jobs would be rendered redundant. That much is confirmed.Citi Financial possibly is also another place where there have been major job cuts. The exact number is not ascertainable but job cuts are confirmed.
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Dear Gaba jee,
Since long time no see. Where have you been. Welcome home.
Well its true, what U are saying.
My niece came home from office one evening , that was xactly these days last year, & announced sternly that she is being kept in dark about the business of stock mkt, & was not being properly briefed about , `INVESTMENT in stocks.. `Raku` her coleague in office has bought ,``Unitech.. RNRN.. oh `Beta` but it is RNRL,...oh Whatever it is Uncle.. I am going to buy tomoorrow morning & Raku will buy it for me, & all of us are going to buy RNRN ...RNRL Beta ... oh yes I know unccclle.
I rolled in my bed whole night & told my wife.. that I am going to start selling my portfolio from tomorrow ..... oh what.. she screamed.. have U gone bonkers.. Our new driver, worked with Unitech`s director`s `Bahu`.. & only today he (our new driver)has tipped me Memsaheb Unitech khareed lo.. chandi ho jayeegi.100% tip haai.
Maa Samaj gaya.. ho gaya kaam. My niece preeti ,Raku along with their office gang... Unitech`s Bahu.. my new driver.. & lastly the my wife`s rock solid belief in mkt breaking all barriers....so many tips baba... convinced me that `This is the end`.
I started selling...& now my wife says....Moya driver.. avaan hi bolda see, `Preeti tha bachha haa , Onu ki pta ena chezan tha .. thaa oo vadda bewakoof Raku.
Gaba jee U would have understood what I meant . just endorsing U R views.
regds
nodi..k
...
In reply to:
Sit with cash, Pospone buying,wait for lows7500/8000
Posted by : JAGDISH GABA
dineshsahay,hu bhai?
i share what i heard on cnbc from someone(dontknow the name since i was half asleep)
When ur servant says mkts are booming n sir put some of my money too,then is the time to sell and when he says mkt is doomed BARBAD HO GAYI,then is the time for buying.
i really like it
bye n take care,coming back soon regularly.GABA
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All of u should watch UPSOUTH its so interesting.. wonder why there is nothing like UPNORTH .. it should be DOWN SOUTH UP NORTH RIGHT EAST AND LEFT WEST isnt it.. why is CNBCTV18 parital to south.. but it is so interesting.. do watch this program where u can get the minutest detail of how the govt functions etc etc...
YOUNG TURKS is also a great porgram.. they showed the enterprenuers of M-CHEK two very unassuming guys who developed technology that allows one to pay their bill using a mobile.... the product was so innovative that airtel has indirectly advertised their product (that famour vidya balan and madhavan ad in the train where she throws the pack of cards at him). They way airtel shows it it seems like AIRTEL developed the technology... hideous money power clout.. its actually these two unassuming gusy who developed this technology.... they are now being funded by venture capitalist to scale up their projects.... i consider them a highly successful brilliant pair... that should be the calber of our youngsters.......
In reply to:
Job losses....
Posted by : radhika_nandlal
ch3,
But the govt is doing its job meticulously is what i gather from all the programs i watch on CNBC.....see the **auditor general and controller** has pulled up Tamilnadu for lack of transparency in its rural employment scheme funded by the center.... they have used only 0.27% of the money meant for this purpose....what else can one can expect from that goggle guy... then when i heard manmohan and chiddu state today that they would not use the particular fund for infrastructure (i forget the name, anyone here remember this) but would use resources from another body etc etc when i see such deligence and attention to details i am so impressed with chiddu.. hoe he continues as the FM of the country.. i wonder if vajpayee knows anything other than to wave the saffron flag.
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ch3,
But the govt is doing its job meticulously is what i gather from all the programs i watch on CNBC.....see the **auditor general and controller** has pulled up Tamilnadu for lack of transparency in its rural employment scheme funded by the center.... they have used only 0.27% of the money meant for this purpose....what else can one can expect from that goggle guy... then when i heard manmohan and chiddu state today that they would not use the particular fund for infrastructure (i forget the name, anyone here remember this) but would use resources from another body etc etc when i see such deligence and attention to details i am so impressed with chiddu.. hoe he continues as the FM of the country.. i wonder if vajpayee knows anything other than to wave the saffron flag....
In reply to:
Job losses....
Posted by : chchch
radhikaji, Without going into the merits of your posting, I may say that Govt. employees got pay hike, just few days back PSE employees being rewarded with pay hike and it will now be the turn of PSU bank/insurance employees who will get the hike as general elections are round the corner. But, it is anybody`s guess whether many of the smaller PSU banks will be able to bear the expenses on account of any pay hike. May be just like petro bonds to oil companies, these pay hikes, loan waiver etc. are left by those in power to be tackled by the next Government with sincere hope that they may not be returned to the saddle again!
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radhikaji, Without going into the merits of your posting, I may say that Govt. employees got pay hike, just few days back PSE employees being rewarded with pay hike and it will now be the turn of PSU bank/insurance employees who will get the hike as general elections are round the corner. But, it is anybody`s guess whether many of the smaller PSU banks will be able to bear the expenses on account of any pay hike. May be just like petro bonds to oil companies, these pay hikes, loan waiver etc. are left by those in power to be tackled by the next Government with sincere hope that they may not be returned to the saddle again!...
In reply to:
Job losses....
Posted by : radhika_nandlal
All banking employees should get the pink slip... they are so ill informed about their own products LOL...PSU bank employees should be pulled up for their rude and govt babu kind of behavior towads customers....
Most banking executives you approach will not know
Which instruments are pledgable
Which instruments can get u an OD
Which products can get u a sweep in
They will brazenly say when u break an FD there are no penalties but they wont tell you that the interest rate they will pay you would be 3% coz u broke the FD sooner.... etc etc.
They are so lacking in spirit, enthusiasm, and in knowledge that the govt`s infrastructure, the customer`s money and patience, is all wasted on these lazy exeuctives. There is no professionalism in most bank executive be it pvt or public sector banks.. terrible terrible terrible... the govt of india should appoint a banking employee vigilant squad to oversee the apathy of these buffaloes in the bank.
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All banking employees should get the pink slip... they are so ill informed about their own products LOL...PSU bank employees should be pulled up for their rude and govt babu kind of behavior towads customers....
Most banking executives you approach will not know
Which instruments are pledgable
Which instruments can get u an OD
Which products can get u a sweep in
They will brazenly say when u break an FD there are no penalties but they wont tell you that the interest rate they will pay you would be 3% coz u broke the FD sooner.... etc etc.
They are so lacking in spirit, enthusiasm, and in knowledge that the govt`s infrastructure, the customer`s money and patience, is all wasted on these lazy exeuctives. There is no professionalism in most bank executive be it pvt or public sector banks.. terrible terrible terrible... the govt of india should appoint a banking employee vigilant squad to oversee the apathy of these buffaloes in the bank....
In reply to:
Job losses....
Posted by : marketman
It is pretty much confirmed now that there have been a round of pink slips handed out at Citigroup India. The exact number is as yet not ascertainable. A Wall Street Journal report had quoted sources and said that about 1,000 jobs will be cut at Citi India. The report also alluded to Citi Financial — that is the NBFC or non-banking financial company arm of the company — being likely to lose most of the jobs. The report quoted a Citi official spokesperson as saying that the NBFC is offering new products or rather revamping a product it is offering and therefore some jobs would be rendered redundant. That much is confirmed.Citi Financial possibly is also another place where there have been major job cuts. The exact number is not ascertainable but job cuts are confirmed.
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It is pretty much confirmed now that there have been a round of pink slips handed out at Citigroup India. The exact number is as yet not ascertainable. A Wall Street Journal report had quoted sources and said that about 1,000 jobs will be cut at Citi India. The report also alluded to Citi Financial — that is the NBFC or non-banking financial company arm of the company — being likely to lose most of the jobs. The report quoted a Citi official spokesperson as saying that the NBFC is offering new products or rather revamping a product it is offering and therefore some jobs would be rendered redundant. That much is confirmed.Citi Financial possibly is also another place where there have been major job cuts. The exact number is not ascertainable but job cuts are confirmed.
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In reply to:
Job losses....
Posted by : marketman
HONG KONG (Reuters) - HSBC will lay off 500 staff in Asia, 90 percent of which will be in Hong Kong, due to deteriorating economic conditions and its cautious outlook for 2009, spokesman Gareth Hewett said.
This will be HSBC`s second round of layoffs in the region. In September, HSBC said it was cutting 1,100 jobs in its investment banking operation, or 4 percent of the unit`s total, including about 100 in Hong Kong, where the bank`s Asian unit is based.
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90/10 Principle
What is the 90/10 Principle? It means that 10 percent of life is made up of what happens to you; 90 percent of life is decided by how you react. Let`s use an example.
You are eating breakfast with your family. Your daughter knocks over a cup of coffee onto your business shirt. You have no control over what has just happened. What happens next will be determined by how you react. You harshly scold your daughter for knocking the cup over. She breaks down in tears. After scolding her, you turn to your spouse and criticize her for placing the cup too close to the edge of the table. A short verbal battle follows.
You storm upstairs and change your shirt. Back downstairs, you find your daughter has been too busy crying to finish breakfast and get ready for school. She misses the bus. You rush to the car and drive your daughter to school. Your daughter runs into the building without saying goodbye.
After arriving late at the office, work seems to get worse and worse. You look forward to coming home. When you arrive home, you find a small wedge in your relationship with your spouse and daughter. Why? Because of your reaction that morning.
You had no control over what happened with the coffee. How you reacted in those 5 seconds, is what caused your bad day.
Apply the 90/10 principle. It will change your life, at least the way you react to situations.
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TC-221108-P-01...
In reply to:
[]() Positive Life with Spirituality ()[]
Posted by : sambala
Obama transition spokeswoman Amy Brundage, in a statement, said, "People of all backgrounds and beliefs will have a voice in the Obama-Biden Administration."
Still, leading activists say nonbelievers tend to be just as wary of organized atheism as they are of organized religion -- making it tough to pull together a cohesive movement.
"A pastor can say to his flock, `All rise,` and everyone rises. But try that in an atheist meeting," said Marvin Straus, co-founder of an atheist group in Boulder, Colo. "A third of the people will rise. A third will tell you to go to hell. And a third will start arguing....That`s why it`s hard to say where we`re going as a movement."
BY Stephanie Simon
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