India has multiplied its per capita income levels many times over since 1950, and has done so far faster in recent years than Britain or the United States did during and after the industrial revolution. In the last 15 years, India has pulled more people out of poverty than in the previous 45 – 10 million people a year on average in the last decade. The country has visibly prospered, and, despite population growth, per capita income has grown faster than ever before. The current financial crisis is unlikely to change the basic success story.
China’s central bank has called for the creation of a new global currency as an alternative to the dollar, in the latest sign of that country’s growing assertiveness on the international stage. But would the idea even work? China has more than $1 trillion in U.S. Treasuries and other government securities, analysts estimate — and the country doesn’t keep all of that money in its own currency because that would cause inflation. Also, by buying assets in dollars, China keeps the yuan from strengthening too much against the U.S. currency — which would make its goods more expensive to American consumers and hurt Chinese exports. But as the U.S. government ramps up spending to stimulate the economy and assist the battered financial sector, Chinese officials are worried that inflation will result — and that would erode the value of their dollar holdings, economists said.
A well-thought, back to basics article on good business practices.
“When you deliver a product or a service in the belief that the customer will eventually pay you for it, you are making a loan, and you should treat it accordingly. That means determining whether customers are creditworthy and finding out in advance how long they take to pay their bills. It also means getting into the habit of checking the quality of your loan portfolio regularly and making sure your average collection time is what it should be.”
Have you ever sent an email, and just as it was going on its merry way, you realize you misspelled something or you sent it to the wrong person. Well, now you can take advantage of that delay to “undo” the message. Just enable the feature in Gmail Labs in Settings. It only works during that 5 second delay between the time you hit send and the time that Gmail actually sends the message.
English-based and bilingual MBA programs in Europe have given their American counterparts a run for their money in recent years. As international experience becomes increasingly desirable in financial, managerial, and operations employment, a strong history of trans-border ties gives the Old World an edge. Shorter programs, lower tuition, and healthy starting salaries for grads also make for attractive choices. Here’s a list compiled by BusinessWeek, arranged in alphabetical order.
Researchers have calculated that the energy required to produce bottled water is up to 2,000 times more than the energy required to produce tap water. Most people who buy bottled water have access to clean drinking water virtually for free (in the US, tap water costs less than a penny per gallon, on average). Nevertheless, the consumption of bottled water continues to grow, far surpassing the US sales of milk and beer, and second only to soft drinks.
Indian Americans are in fact a new “model minority.” Despite constituting less than 1% of the U.S. population, Indian-Americans are 3% of the nation’s engineers, 7% of its IT workers and 8% of its physicians and surgeons. The overrepresentation of Indians in these fields is striking–in practical terms, your doctor is nine times more likely to be an Indian-American than is a random passerby on the street. So why do Indian Americans perform so well? A natural answer is self-selection. Someone willing to pull up roots and move halfway around the world will tend to be more ambitious and hardworking than the average person.
Entrepreneurialism has become cool. Victor Hugo once remarked: “You can resist an invading army; you cannot resist an idea whose time has come.” Today entrepreneurship is such an idea. The triumph of entrepreneurship is driven by profound technological change. A trio of inventions—the personal computer, the mobile phone and the internet—is democratising entrepreneurship at a cracking pace. Today even cash-strapped innovators can reach markets that were once the prerogative of giant organisations. An activity that was once regarded as peripheral, perhaps even reprehensible, has become cool, celebrated by politicians and embraced by the rising generation.
Over the years a range of Graphical User Interfaces have been developed for different operating systems such as OS/2, Macintosh, Windows, Amiga, Linux, Symbian OS, and more. Here is a look at the evolution of the interface designs of the major operating systems since the 80’s.
It is open to question whether India is really governable from the centre – New Delhi. It is already inaccurate to call the two main contenders – the governing Congress party and the Hindu revivalist Bharatiya Janata party – national parties. The species no longer exists. India’s political spectrum is so fragmented that this Congress government heads a coalition of 13 parties – until last year with external Communist support. It replaced a BJP that bounced around inside a 23-party coalition.