Economics Calling :P

For past few days I got interested in understanding economics of China considering both India  (my  home country) and China started at same point and at present it is way ahead of India in terms of attention the world is giving it at least.

 

Sometime back I read an article where in its comments section  someone wrote "If ever there was any competition between India and China, it is no more and China is sure winner". This comment was the trigger point for me to start my exploration. Moreover, I hold an opinion that if you build your masonry by ill treating your laborers, it is only going to crumble down sooner than when you have made your progress with a little bit of socialist approach. A pure communist or capitalist attitude only hurts in long run and create moral conflicts(nor do I say that pure socialist approach would work as I have read about it wrt my own country and how ineffective it is). My stand on China Economics is as good as new born baby's view on God and  my journey has just begun.

My Golden Rule for my Life.

For a long time, I have been thinking of coming up with some smart bullet points like those in corporates which will act as my magic mantra I will lead my life by. So I have something to discuss about it now.

To prevent making a second mistake of same time, I started jotting down my experience with first in my journal so that it could act as lighthouse in case I happen to be lost in the same situation.Surprisingly, the number of mistakes have out numbered with what I initially expected out of my level of imperfection and it is hard to keep a note of them or categorize them, so lately I stumbled upon the idea of these bullet points which will be short (not in pages) and will act as quick reference in most of my crisis situation. These will be time tested formulas and I will be adhering to them with blind faith as going through the whole process of brainstorming the possibilities is painful if the conclusion drawn ends up being the same with what I learnt from my earlier crisis, which in most of the case is true.

Please note that, these formulas or magic mantras are tested on specimen called Amit Choudhary so its applicability for you or your girlfriend may not hold true. Kindly use discretion while using them. Apart from above reasoning, I also understand that any kind of rigidity is only expected to bring staleness in life so there is still a hope of challenging the presently proposed mantras and adding a new to the list or creating a whole new one in the future if the present goes invalid.

So, here's those guiding angles which created so much of buzz in my head and now in yours
1. Every second of sincere work is worth it.

2. Misery is permanent. So don't give damn to Misery, enjoy your life, enjoy your work.

3. Be Honest. It surely pays. Little dishonesty in pity matters (professional and life threating is not pity. Lying about dinner or whereabout qualifies) is OK.

4. Be Smart with what you write to others. It surely comes back.

5. I don't claim to be smart and hence I don't mind doing mistakes.

6. Keep a good circle of friends.They are needed to discuss your concerns and booze with.

7. Humility and Helping others will take me farther.

8. Accept others the way they are. Let them change by themselves.

9. Never loose faith in yourself. You know what is right and you don't need certification from others to believe in it but yes just get it reviewed to make sure you are not missing any link.

10. You may wish to review the above 9 points once again.

So dear fellas, what's your take on this.

EMI

The title of this post is inspired by a Bollywood movie sharing same name. I happen to be neglecting to watch this flick for quite some time just because the print was not of good. quality But, today I decided to go for it as pass time during my dinner.



The movie revolves around the life of people in debt with home loans, personnel loans and credit card loans. It shows how much pain and embarrassment loan recovery agent inflict upon defaulters. It staged how a husband and wife plan to divorce due to unbearable pressure of monthly EMIs. In one case, a father takes 10 lakhs to fund his son's foreign MBA studies where the son later drops out in the middle of the course only to see one day how his dad is humiliated by these recovery goons.

Truly, lives of several people is loosing peace because of the desires to have more than what one's means allow due to peers pressure or uncontrolled desires. Also, after watching the movie I felt a sense of relief and calmness thinking that "Good that I did not pursued my MS else I would have ended up taking more than 8 lakhs loan and my entire family's life and peace would have been now mortgaged.

Today, again I have made up my mind not to pursue any plan if its cost is more than 3 lakh loan but rather be satisfied with low risk pursuit so that the welfare of my family is taken care with peace. God I wish all families who are seething under the pain of loan to get out of it and live at peace.
AMEN !!

Layoffs News in 2007-2009 (Global Meltdown era)

The latest economic crisis has already caught numerous eyes due to its deepening effect. Meanwhile, I got interested in its effect to social life of people. As a part of my project I decided to compile all the news in regard to layoffs that has marred media from January 2007 - December 2009. Also will try to get some of the biggest industry news in this period and some human stories regarding their fight against odds. It will be updated as an when I get to hear something related and also would appreciate if you can help me with this compilation by bringing to my notice similar news (with due acknowledgment to the contributor ).

1st Feb., 2009
1. Violent unrest rocks China as crisis hits (Click here for more details)

30th Jan., 2009
1.NEC to axe 20,000 (Click here for more)

24th Jan.,2009
1. Citigroup to axe 6,500 employees (Click here for more details)

10th Jan.,2009
1. US aerospace giant Boeing to shed 4,500 jobs (Click here for more details)

16th Dec.,2008
1. Fiat lays off 48,000 for a month during Christmas (Click here for more details)

9th Dec., 2008
1. ArcelorMittal to cut over 1,550 jobs in Germany & Belgium (Click here for more details)


Disclaimer : This is just a compilation of the news. The truth maybe sth else but thatz not what I am doing here.