Wednesday, December 20, 2006

Wall Street Rulers See Their Earnings Soar Up the Sky

Goldman Sachs Group Inc. paid its chairman and chief executive, Lloyd Blankfein, about $54 million for 2006, a record for Wall Street bosses who are harvesting their share of bull-market bounty....

An article on wall street journal roared yesterday. With more competition to get the talented and intelligent CEO, wall street is moving towards a hyper-inflation in its paychecks given to the top officials. It is not just Lloyd Blankfein whose pay saw a surprising rise this year, John Mack of Morgan Stanley also accumulated US$41 million in 2006.

Holy cow!!!

How do they pay such a sum to a single person? How much profits do these firms make? How much do other workers get? Definitely these questions are natural...

However, a closer look at what these people have accomplished during their time in the company will probably clear some of these questions. Wall Street reports:

Mr. Blankfein's pay package reflects the firm's performance atop the Wall Street heap over the past year, when its profits rose 70% to $9.54 billion and its stock price surged 59%, increasing its stock-market value by $31 billion.

So, does he deserve such an amount? It is all upto you to decide and I have no absolute answer. There are several other factors which I would consider to say "Yes" or "No"

Saturday, December 09, 2006

Mortgage rates go Down-Time to Refinance?

Washington Post writes the following:

Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second-lowest level of the year, pushed down by further signs of economic weakness. Mortgage giant Freedie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.11 percent, down from 6.14 percent last week. The only time rates have been lower this year was the week of Jan. 19, when the 30-year mortgage dipped to 6.10 percent.

This sounds reasonable as the economy is slowing down and inflation pressures are also going down. But, when is the right time for refinancing a loan and why should one refinance? Here is the information provided by bank.com.

1.Lower interest rate.
2.Opportunity to convert all or a portion of your equity loan from an adjustable rate to a fixed-rate installment loan.
3. Obtain a shorter-term loan to build new equity more quickly.
4.Avoid a balloon payment.
5. Extract more cash from equity.

So, if you are thinking of refinancing, this might be a right time. So, think about it...

Tuesday, December 05, 2006

How to stay fresh and young

Anti-aging drive has become really popular these days. With the advance in technology and science, it is possible for a 40-year old to look just like a 20-year old. All the anti-aging medicines have taken advantage of this inner desire of people to stay young to make a profit themselves.

So, how do you stay young and fresh? Anti-aging guide provides with the following names for the benefit of you all. It strongly advocates for a diet with sufficient Vitamin C and E. In addition, several drugs like Co-enzyme Q10, Lipoic Acid,Folic Acid, Selenium, Flavonoids, Carotenes, Carnitin, Vitamin B are all which help against aging.

Furthermore, anti-aging guide advocates for several supplements. It writes the following:
There are several classes of supplements: antioxidants, phytochemicals, hormones and fatty acids. Antioxidants are by far the most potent anti-aging agents. The theory of free radicals and free radical scavengers (substances which break the chain of free radicals and disperse it) was developed as the most plausible theory of aging. Yet so far it has not been clearly proven that supplementation with antioxidants alone retards aging, so this theory can still be questioned. It is certain that taking antioxidants result in longer life and lower incidence of disease, but results have not shown the life expectancy barrier to rise. What is known is that antioxidants decrease disease susceptibility and must certainly be part of a healthy anti-aging diet.


But, I strongly believe one should exercise well everyday to remain young and active forever. We cannot rely on drugs to remain healthy. Some people in my country are living till the age of 80-90 because they have been eating a balanced diet which comprised of food and vegetables which are free from pesticides and other chemicals. Only these people who cannot afford and otherwise do not have an access to these exclusive grains and vegetables free from modern chemicals are likely to try these drugs.
What do you all feel about this? Should we promote drugs or work for food free from chemicals?

Monday, December 04, 2006

Google Adsense-Earn While You Learn

Things have changed a lot these days and money is always an important issue to everyone. Specially, the people from Nepal, who are relatively poor and have less prospects for employment can start blogging and earn money through adsense. And, google is the leader in helping people earn money while making money itself. Google is growing fast and is expected to continue doing so in the days to come. Google is growing at an accelerating pace and so has the importance of google adsense.

What are google adsense? Googleadsense has the following information:


Google AdSense is a fast and easy way for website publishers of all sizes to display relevant Google ads on their website's content pages and earn money. Because the ads are related to what your visitors are looking for on your site — or matched to the characteristics and interests of the visitors your content attracts — you'll finally have a way to both monetize and enhance your content pages.


However, there are a number of major issues that you have to be careful of:
-You cannot place more than 3 adsense ads in your site.
-You cannot induce people to click your ads.
-You cannot click on the ads yourself.
-You cannot place content-related ads from other publishers (correct me if I am wrong out here).

You can visit google adsense help centre for further details. Enjoy blogging and earn while you learn...




Friday, December 01, 2006

Delving Into the Life of a Child Conductor-Do We Have a Heart?

A ten-year-old child was there calling out to people to get into the bus. His clothes were tattered and torn everywhere and re-stitched in many other places. The yellow stains of spices and oil were clearly shining from his dark, muddy clothes which probably had not seen water for days. His bare feet were covered with dust and one could easily tell that he had not taken a shower for months. A four-foot tall, lean figure with sunken cheeks, he looked as if he was suffering from malnutrition. From his outer appearance he looked too weak to speak and yet, he was continuously uttering the same words,”Ratnapark, Ratnapark…..”


While back in Nepal, I used to go to my college by bus. I had been to the station hundreds of times and had seen many child conductors but I was struck by the sight of the child that day. He was working to earn his living at such an tender age when he should have been going to school. Life was not easy for those children who work for long hours to earn their living. Their life was limited to earning a living to survive in this cruel world.

It was an early morning and there were not many people at the station. So, he was still shouting as loud as he could to get people to his bus. Slowly, people started to come and soon the bus was almost full. I had taken a seat at one of the corners to observe that child. I was too curious to know more about that boy. Then, the child said to the driver that the seats were full. He did not realize that there was a seat vacant at the back. The driver saw the vacant seat and shouted to the kid “You street child! Can’t you see the seat vacant at the back? Go out and call another man.” The helpless child went out and started shouting with the same high-pitched tone “Ratnapark….”

Soon, another man came and the bus was full. It was an old bus, so it made a loud, hoarse noise before moving at a slow pace.

The child started to collect the fares from the passengers. Even though he did not go to school, he knew the different currency denominations very well. The child had no problem collecting fares until he came across a man who was in his mid-twenties. He was well built and seemed to have been under the influence of drinks. His eyes were bloodshot and skin looked dry. He gave only 75% of the total fare and said,” I have a card.” The child then humbly asked him to show his card.1 The man gave him a hard stare and shouted angrily,” Do you know how to read? What will you do with my card?” The child turned back without uttering a single word in reply. He looked terrified and fear had taken over his innocent face. No one spoke a single word. I was angry at that man, but unfortunately I could not bring much courage to defend the poor child.

The bus continued to move on. Time and again, people were boarding and alighting in their respecting stations. At every stop, the child,without a fail, would shout out to people walking by the road,” Are you going to Ratnapark?” It was such a hard job for a child of that age.

The bus was moving smoothly when all of a sudden it made a loud noise and then made an abrupt stop in the middle of the road. The tire had punctured. The driver started to change the punctured tire while the curious child watched the driver’s every move. He seemed to be very interested in the work of the driver. Then, he asked, “Can I also try?” The driver gave a sharp look at that boy as if he would eat him alive. The scared child turned back and sat on the pavement on the other side of the bus until the driver started the bus again. Possibly, the chances of smiles on the face of that child were always held at bay by the continuous threats he received from his boss and the passengers.

Soon the final destination arrived and all the passengers left. However, I did not get off the bus. I was planning to ask that child about his life.

It was only then that I realized that his face was swollen. There was also a cut in his left knee. “The driver beat me yesterday,” he said in a low voice so as to avoid being heard by the driver. He looked so innocent and helpless. Then, he realized that the driver was looking at him from the driver’s seat.. The child was too frightened to speak to me. I could see him sweating in fear. I told him that the driver would not hear from behind the glass. He still looked scared. I was so sorry for him.

“I dream to be a driver,” he said to me with a smile and hope in his face. That was the only job he could think of, I thought. “Then, I would earn enough money so that I can eat stomach full,” he continued. I was beginning to feel the pain, the pain of living a life of a child conductor. While many children of his age dreamt about buying a new toy or playing the latest release of computer games before other friends would get a chance, he was dreaming about eating to his stomach full. He does not have dreams of going to school, let alone colleges.” How can I go to school? Who will pay for me?” he replied when I asked him if he wanted to go to school. “Schools are for rich people. They are not made for us,” he looked serious. He was so mature at that early age. Life had taught him many lessons which we never learnt from books. He knew the world was unfair. At a time when he should have been playing with his friends, he was working hard to earn his living. I had read about the world being unfair in books but it was for the first time in my life that I had felt the pain of being the unfortunate in this unfair world.

“Chakrapath, Chakrapath…” I heard the familiar voice of that child again. He was already there in front of the bus calling out to people to get into the bus. I again looked at that child. Like any other child, he looked sweet and innocent, and yet his life was full of difficulties and pain.. But he was not the only one. There were hundreds of others like him. If only we could give them a chance for a better life-I thought.

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