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Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi

Young would be investors

The Stock Market is going tumble tosser all over the world due to US economy. The sub prime crisis is finally taking heavy tolls. Many old bankers are getting bankrupt. The Indian banks are safe but the withdrawal of funds by FIIs is taking toll on its burses. The budding young investors should take the steps carefully and stage wise. Better they follow the simple rule of saving first. Few tips I am giving here. First of all budgeting is most important factor in young professional’s life. Unless you do that you wonder where your money goes! Writing a budget shows actually how do spend and shows the area and how you can control them. You can identify the area needs to be controlled. Never forget to add the expenses you do on shopping and entertainment and include your savings too. Keep a track on your utility bills and keep comparing them. Mind you the plastic money or credit cards are major boosters to spending. Not that they do not have any role to play. At an odd hours, god forbid,

THE OIL GAME

The world oil price rebounded above $100 per barrel after touching recent low to $99 per barrel. On September the 10th the member of OPEC countries met to discuss the oil price which dramatically declined from their peak $147 per barrel in July amid a global economic slowdown. All over the world the rate of inflation rose high and they are still hovering around their recent peak level. However a surprise decision to cut production by 520000 barrels a day taken by member of OPEC cartel. It is reported that OPEC president and Algerian energy minister, Mr Chakib Khelil said the output cut would start immediately. He further added "if you do your own calculations, it is a cut of 520000 barrels per day"; announcing a new OPEC output quota of 28.8 million barrels per day. The International Energy Agency (IEA) meanwhile cut its estimate for global oil demand this year and next, saying consumers mainly in the United States are changing their lifestyles in response to high prices. T

The Wayward Children

Lack of parental care harms to the full blown growth of their child to what extent, one has to see to believe it. The orphans do not have their parents. Whether are they are raised in a orphanage or on the streets, they grow like their alike amidst of them. So at orphanage, the only difference is under supervision of nurses and teachers they grow better, disciplined and balanced. But the children who are growing under the most uncaring and negligent parents are the worst suffers. Because of presence of their parents prevents others to interfere. Neither have they belonged to streets nor to home. At school most of these children are worst performers and keep very low profile. They are introverts. In the initial stages it is very difficult to separate them from others of their age group. Problems become visible in at their teens and it aggravates fast. If the care is taken even at the initial stages, it results better in reforming. Later it becomes almost impossible, most of them turn ps

The Lingering Wish

A Blogger keeps posting because he wants his blog to remain alive and read as widely as possible. Most of the blogs are dedicated to a specific subject. There are professional bloggers who for the obvious reason to attract more traffics insist on covering those subjects which are current market craze. Like life-style, traveling and making money in as many ways as possible. Though I am not a professional blogger, it was just out of freak I started once blogging with my childhood memories. It began with the famous Google’s social network site: Orkut. I kept postings few in a series till my childhood days at my hometown where I was born and brought up was covered. It was a industrial town, where my father served and I was born, schooled. It was a industrial town, where we lived in a quarter, that I used to consider as our home, without realizing what a home meant. This I realized in my late teens, when I joined Air Force and understood that town I belonged to, never belonged to me. With

RESERVATION AND POLITICS IN INDIA (PART -II)

In a recent move, Indian human resource minister, Mr, Arjun Singh promulgated a fresh bill that reservation should apply to the member of faculty in all government educational institutions even in premium institutions like IITs or IIMs! Here the ruling parties’ president, being self form a European country advocates the applications of reservations in corporate or private jobs as well. The vehement opposition by different industry leaders on any such move and a threat to move out elsewhere, if they are forced to recruit substandard staffs; for time being it is sent to cold store. All the chambers of commerce declared in unison that Indian government should take care of backwards in macro level for improving their lots, instead of pushing and absorbing them in government organization and educational institution, resulting poor quality and demoralizing the deserving lots. This hampers all the way national interest. It is well known that such policy is not sustainable in national interest

RESERVATION AND POLITICS IN INDIA

I remember in my school days, we were asked to write a passage justifying an adage or moral. One of them was “Public opinion is humbug”. This still holds good, when we watch the political developments around the world based on public opinion thrives despite of being wrong. Like US and its cartel`s invasion on Iraq, on the plea of elimination of WMD (weapon of mass destruction) and its creator. After all democracy is “government of the people, by the people , for the people”, so all actions taken by government are supported by the majority . Now the term “majority” is critical. Different country adopted different terms for judging the opinion of major portion of mass. Even in most advanced democracy like France, till recent years women had not voting rights! Just think where they constituted no less than 50 per cent of total population, and during French revolution they took part along with their male counterparts. This gender bias plays its role elsewhere too. However, while justif

India and ASEAN signs Trade in Goods Agreement

ASEAN –Southeast Asian trading bloc and India at last are prepared for signing a free trade agreement in goods like European Union style open market. The pact was supposed to have been reached last year but could not be, because there was some difference of opinion on products that India wanted to exclude from tariff cuts. New Delhi bad submitted a list of 1414 products, while the ASEAN`s target number was 400. India`s commerce minister Mr Kamal Nath described as “key regional milestone” this Trade in Goods (TIG) agreement with the 10 member ASEAN. The deal is likely to be signed in the next December in Bangkok during Indo-Asean summit. The minister observed “The countries of East Asia are important drivers of growth……with large consumption to drive global economies”, he referred to the combined market of 1.5 billion people that is waiting to be tapped. India and ASEAN currently enjoy a total trade of $38 billion and expect it to touch $50 billion by 2010. Under the pact India and ASEA

Internet Cafe Refugees in Japan

I believe that the seed of communism was planted in the field of capitalism. With the advent of communism, in came few terms in our vocabulary and we were so used to them. Words like neo-rich, reactionary, proletariat, bourgeoise were circulated in 50s and 60s and gained momentum in 70s of last century. However gone are the days of Soviet Union, China; the communist citadel, Cuba and North Korea are in doldrums, it appears that socialistic (!) capitalism is the new mantra for survival in the era of globalization. Here again Russia, China, Brazil, India have taken the leads, former two are from communist bloc with capitalist outlook. Those of us born after World War II, have witnessed the rise and fall of communism are confused lots. We sometime fail to differentiate communism from capitalism. The former open offers the scopes to get rich, the later offers the same only to few, the party strongmen or henchmen. However after Second World War the countries like West German and Japan far e

SATISFACTION

• Have you ever thought of that what exactly satisfaction is? Most of us are apt to think when you do not have anything to ask for, we are satisfied. Is it true? No! Never so; reason being that at that point of time you did not have urge for anything since you’re the then needs are met. But you have the yearnings; may be for years or decades! Satisfaction is a feeling that offers a sort of fullness mostly physically for time being. In fact you are satisfied truly when you want something and you get that. Not that after full course of lunch you are offered something what you might have not needed, you are served, you take it to oblige your host, and feel satisfied. Satisfaction is that what you get when you want the same.

UNPREDICTABLE STOCK MARKET

This year India has celebrated Independence Day with inflation rate touching new high; with same pomp and show, and the ruling government keeping the ensuing vote in mind has been generous with the largesse by hiking the pay of 5.5 millions government employees by 21% and more. Rest is left for to mend for themselves. Here is the release from Ministry of Finance Statement released by the Department of Economic Affairs, Ministry of Finance: "The rate of inflation for all commodities for the week ending August 2, 2008 stands at 12.44%, higher than the rate of 12.01% reported last week. After being nearly stable for four weeks, this rise has come as a major disappointment. The Wholesale Price Index (WPI) moved up from 239.6 in the week ending July 26, 2008 to 240.4 in the week ending August 2, 2008. The silver lining is that the inflation rate for the group of 30 essential commodities at 6.54 per cent was lower than the inflation rate of 6.66 per cent recorded in the previous we

CRUDE AND GOLD PRICE MOVEMENTS IN FUTURE

A recent study in the investment options for the fund managers and big investors has drawn my attention, it seems to be interesting, and so I thought why not to share this with my readers. We generally think when the stock market takes a south bound bend or plunges, showing the bear phase is out to take over, then the price of precious metal Gold go high. Gold has always been considered as a safe haven for investors to park their funds till the fresh opportunity emerges, so was the dollar earlier. With US economy under pressure and recession looming large, the dollars have lost much of its sheen. The investors and fund managers finding the unstable stock market in the emerging economy and US federal rate not being attractive, switched over to commodity market and speculating on crude. This led the world wide inflation and partially caused the food crisis too, these all issues have been discussed earlier on many of my articles. The current article is to focus on a new area of market a

CRUDE FACTS ABOUT CRUDE OIL

Rising crude oil price has taken the global economy on ride. In India the inflation rate has crossed 12.01% last week, this is based on whole sale price index in India, but the real rate of inflation considering consumer price index is anything between 60-70% and so with other developing economy in the world. Now the oil price is cooling down and revolving around $125 per barrel from its all time high $153 per barrel, is still failing to make any visible impact on the rising inflation rate. Let us see what the crude facts about global crude demand are and supply position. The demand of oil has increased considerably in the developing nations, no doubt since last ten years. In China for the demand of oil has been registered as compounded annual growth rate of 6.5% for the last ten years (1997-2007). Last year India has taken the 4th largest oil consuming country in the world overtaking Germany and Russia. At the same time India`s position as a oil producer in 23rd in the world. This is

SPECULATION, INFLATION AND COMMODITY MARKET

The excessive volatility in commodity market can be attributed to excessive speculation. The current phase of inflation under which all the countries, the developed, developing and not to mention the poor, are reeling is a direct fall out of this. The excessive speculation in commodity market if allowed unfettered the mankind may go through this roller coaster rides for ever. Obviously it will be sickening and threats to derail the world economy and spreading famine, unemployment, drought and obviously another world war. Let us not forget the terms of surrender for Germans in 1st world war contained the seeds of the 2nd. The “reparation” clause as a term of surrender imposed upon Germany by the victors was not sustainable, so the result was the Second World War. The rest is history. The recent oil price hike, as alleged by Saudi Arabia, is not due to shortage of crude but excessive speculation of crude in the global commodity market. The oil price is looking down currently around $122

INDO-PAK JOINT VENTURE MAY BE ON ANVIL!

Indian burses welcomed the verdict regarding the stability of the Government. The sensex and nifty has risen remarkably to -day i.e 23rd July 08. Well it may be initial euphoria as well. One cannot be certain that days of the bear are over. Better wait and watch is advisable for serious investor, day trader are indulging usual betting and making their money. Most of them off course making up their loses what they might have incurred earlier. However there is some good news in international scenario. The crude price is cooling down, though that also cannot be taken as certainty. With the crude price coming down, if at all, reining inflation can be easier. The progress of monsoon is hopeful and likely to meet the expectation. Though the growth rate is under pressure in the current quarter and likely to affect the projected growth rate at the year end. Still if the situation improve day by day, than it would not as bad as the market Gurus have been predicting. The mutual funds are sitting

SHAKY STOCK MARKET!

Indian stock markets are currently rocking due to ongoing political crisis. The stability of government is the major factor. If the present government escape the fall, appears to be imminent due to lefts joint opposition on nuclear deal, the market may (watch my word “may”, it cannot be assured!) look up. In fact the global oil price is showing sign to calm down. The last crude price fall was very sharp it was around $20, last week in the international market. The fall was registered in both New York and London “Brent” crude prices. In India the market is not watching the triangular situation, the stability of government, the inflation and the global crude price. With the ray of better days ushering in the crude market, to-morrow is the d-day, the government stability for till it completes its tenure will be confirmed; last but most important factor is the inflation. The measures taken up, by the central bank, are likely to show results in two months now. Prices of some cereals and fo

CAR INSURANCE COMPANY

When you buy a car, next thing you do look for car insurance. Even with your existing one you need to renew your car insurance time to time. Insurance rates are sometime changing faster than gas price. So, when you buy your car insurance; spending little time to compare the rates offered by different car insurance company can save you a lot of money. www.carinsurancerates.com offers you free quotes of multiple insurers. The site offers guidance and information that help you to pick up insurance cover for your car of any make, anywhere. While determining the premium of your car insurance, the insurance companies take several things into their consideration. First of all your driving history, that is most important to them, lesser the spot better the rate; that is the rule. Next comes; the sticker price, cost to repair and replace, safety features et al. Car Insurance rate.com has a toll free number, feel free to talk to them and seek their guidance. Their customer care is excellent

INDIAN GROWTH STORY - A SHAM!

Recently ended G8 summit and India`s move a step forward towards nuke deal; has raised lot of hues in media locally and internationally. Indian growth story, despite of it`s current depression due to uncontrollable inflationary pressure, is gaining popularity. Political mileage is being extracted to maximum extent by the ruling parties and its allies. Though; the leftist have withdrawn their support, portraying a bleak outcome of the deal in future, for imaginary reasons, best understood by them. The Government seems to be unperturbed. For the common men, especially the educated urban people, the inflation and the nuke deal both are important but the former merits immediate attention. The crude price is making record every passing day, breaking the previous high with no sign of respite, makes it impossible for India or any other developing nation to rein inflation. Indian growth story is passing, albeit hopefully for short period, though a bad time. But is the growth story consistent

INFLATION; INDIAN JUGGLERY

Inflation is word what perhaps a primary school boy is getting use to. So much the pressure of inflation affected all strata of society in India or greater part of the globe. In India as with everything else, even inflation is not without its doze of hypocrisy! It is one of the few countries where a democratic Government juggles with the figure. Most of the developed and developing countries use Consumer Price Index (CPI) to calculate inflation, but for India it is Whole Sale Price Index (WPI). Government`s plea is that they cannot collect the data always on which the CPI is based! Ridiculous! WPI includes 100 out of 435 commodities, what are not important from consumer point view. In fact the retail price what consumer pays is much higher than the wholes sale price. In recent months there has been more than 30% hike in several commodities what are for common consumptions. In some cases it is even 60%! Whereas the latest Government figure declared 11.63% rate of inflation. Imagine the

Global Stock Markets; the difference

The inflation in tandem with spiraling oil price is taking heavy toll on stock indices in Indian as well as all the major global burses. The south bound journey of stock indices is continued all over. No one seems to know how long they will last or when they will bottom out! Individual investors are shaky to burn their fingers; institutional investors seem to have diverted their fund towards more rewarding commodity market where speculation in oil is high. This may be another reason for the oil price`s apparently sky bound journey. The recent declaration of Iraq to open up their oil fields to corporate sectors is likely to take time. In the mean time Saudi Arabia has promised to increase their output from this month but nothing seems to work. Every day the oil price is touching new high and so the inflation. However, if we compare the different stock markets, we find that the countries which are commodity exporters are better than those economies which are net commodity importers. For

Hedge your investments

With spiraling oil price followed by inflation is taking toll not only on your monthly budget but on your investments and future investment options. In India the current inflation rate declared a week ago is around 11.05% . Mind you this is based on taking the price hike of few specific commodities, metal and oil prices (edible and fuel both). But the actual rate of inflation varies from city to city and depending upon quantum and type of individual consumption. The inflationary pressures are maximum on the labor forces of unorganized sector. Here in India they comprise 92% of total work force, they are deprived of the automatic adjustment of dearness allowance on the pay with the rate of inflation as available in organized sector. However, the mass in the lower rung of working class are not bothered about investment and portfolio management and safeguard their investments against inflation. It is only the people middle class whether professional, businessmen or service holders in orga