On China’s Hainan Island, the Boom Is Deafening - NYTimes.com: "The Visun Royal Yacht Club, China’s largest, plans to buy a helicopter for the use of its members. A golf course that charges $180 per round is opening 220 villas, each with its own butler, swimming pool and spa — “I want to get it into the Guinness Book of World Records for the most spas anywhere,” the manager says.
Then there are the property speculators flying to this resort town from across China with bagfuls of cash, to buy apartments whose cost per square foot rivals parts of Manhattan. Five-star hotels during the recent Lunar New Year holiday charged $1,500 or more per night; one company charged $80 just to camp out in a tent."
Wednesday, March 31, 2010
Hai- Na
Tuesday, March 30, 2010
Patent-ly sound
Judge Invalidates Human Gene Patent - NYTimes.com: "A federal judge on Monday struck down patents on two genes linked to breast and ovarian cancer. The decision, if upheld, could throw into doubt the patents covering thousands of human genes and reshape the law of intellectual property"
Monday, March 29, 2010
BBC News - Beta-blockers 'cut cancer spread'
BBC News - Beta-blockers 'cut cancer spread': "Blood pressure drugs may be able to reduce the ability of breast cancer to spread around the body, researchers have told a European conference.
A joint UK and German study found that cancer patients taking beta-blockers had a lower risk of dying.
The drugs may block hormones that trigger the spread of cancer cells."
Sunday, March 28, 2010
Ex- Plorer
Internet Explorer sees steep dip- Internet-Infotech-The Economic Times: "The world's most used internet browser Microsoft's Internet Explorer is on a steady decline in India, a study by the Irish metrics
firm StatCounter says. The IE, as it's ubiquitously called, has lost almost 20% market share in India in the past two years, even as Google's Chrome and Mozilla's Firefox make strident foray.
The percentage of PCs running IE in India dropped from close to 70% in 2008 to about 51% now, the report reveals. The drop was despite an absence of any regulation by a trade commission, unlike that mandated by European Union on Microsoft, this year."
Saturday, March 27, 2010
What a F**** explanation!
Why Do People Swear? : Discovery News: "There may be another reason why we swear so much. Studies by psychologist Timothy Jay, of the Massachusetts College of Liberal Arts in North Adams, have found that swearing can provide both emotional release and relief from pain.
'People have a sense of catharsis, they feel better after using this kind of language,' Jay told Discovery News. 'Most people look at swearing as a bad thing that you shouldn't do, without asking what the positive aspects of it are.'
To condemn politicians for swearing in private contexts, as Biden did, is nothing but hypocritical, Jay said. In many social settings, like among teenagers or rugby players, he added, it would be strange not to use foul language."
Friday, March 26, 2010
The Skinny on... the Skinput
BBC News - Sensors turn skin into gadget control pad: "Tapping your forearm or hand with a finger could soon be the way you interact with gadgets.
US researchers have found a way to work out where the tap touches and use that to control phones and music players.
Coupled with a tiny projector the system can use the skin as a surface on which to display menu choices, a number pad or a screen.
Early work suggests the system, called Skinput, can be learned with about 20 minutes of training.
'The human body is the ultimate input device,' Chris Harrison, Skinput's creator, told BBC News."
Thursday, March 25, 2010
No No Nano
Tata's 'sorry' just won't do, says Nano owner: "Mulund resident Satish Purushottam Sawant is still shaken by the March 21 incident, in which he and his family narrowly escaped death in their brand new Tata Nano. If there's anything that rankles the Sawants even more, it's the absence of an apology from Tata Motors.
"But for a formal 'we regret the inconvenience', in its letter to us, Tata Motors has not apologised to us verbally or in writing. They [Tata], have insulted us," Sawant said. Tata Motors has offered to compensate the Sawants with a replacement or a refund of the entire amount paid for the burnt car, but the Sawants are not pleased.
According to the vehicle's Acknowledgement Delivery Note, the year of manufacture has been shown as 2009, but Tata's spokesperson, Deba-shish Ray, had said that the car was actually manufactured in 2008."
Wednesday, March 24, 2010
On Center, but not on Target
Tuesday, March 23, 2010
Google doesn't do China
He noted that the Chinese government is large, with millions of officials, and varying points of view.
But in matters of censorship, political speech and Internet communications, he said,�there is a totalitarian mentality that controls policy. “Our objection is to those forces of totalitarianism,” he said."
Monday, March 22, 2010
Unhealthy...if you are a Republican
Sunday, March 21, 2010
Straight...to the Point
Saturday, March 20, 2010
Government bailed out Wall Street, no one's bailing out governments
Friday, March 19, 2010
Lexus parents, helicopter kids
For India’s Newly Rich Farmers, Limos Won’t Do - NYTimes.com: "NOIDA, India — Bhisham Singh Yadav, father of the groom, is stressed. His rented Lexus got stuck behind a bullock cart. He has hired a truck to blast Hindi pop, but it is too big to maneuver through his village. At least his grandest gesture, evidence of his upward mobility, is circling overhead. The helicopter has arrived. Mr. Yadav, a wheat farmer, has never flown, nor has anyone else in the family. And this will only be a short trip: delivering his son less than two miles to the village of the bride. But like many families in this expanding suburb of New Delhi, the Yadavs have come into money, and they want everyone to know it. “People will remember that his son went on a helicopter for his marriage,” a cousin, Vikas Yadav, shouted over the din. “People should know they are spending money. For us, things like this are the stuff of dreams.”..."
Thursday, March 18, 2010
Blockbuster News...
Competition from DVD-by-mail company Netflix Inc. and DVD vending machines operated by Coinstar Inc. have eroded the Dallas company's revenue even as it staggers under a heavy debt load.
Blockbuster Inc. said in a regulatory filing late Tuesday that it was suffering 'significant liquidity constraints,' and could have to file for bankruptcy protection if it was unable to convince creditors to restructure a big chunk of its debt or its business continued to deteriorate."
Wednesday, March 17, 2010
A Record of Promises Unfulfilled...
Among the most frequently cited reasons for keeping records secret: one that Obama specifically told agencies to stop using so frequently. The Freedom of Information Act exception, known as the ''deliberative process'' exemption, lets the government withhold records that describe its decision-making behind the scenes."
Tuesday, March 16, 2010
An Obsessive Placement
Newspapers have been reporting, with great glee, the jobs offered to graduating students from IIMs and IITs and other schools. Placement offices of these schools feed incomplete information to journalists, who supplement it with some anecdotal information from students, and the result is news stories that essentially scream "Graduates Have Hit the Jackpot." Apparently, students are receiving salary offers that vary between 24 lakh rupees to crores of rupees- in fact, some students have been offered salaries of $150 K and above, according to these reports. None of these newspaper reports or the schools themselves comment on the education the students have received. Or is that implied in the reports about salaries?
Monday, March 15, 2010
Free Education- online
Steep Price for staying iCool
Apple Details iPad's Battery Replacement Plan - Reviews by PC Magazine: "When you send your iPad off to Apple, you aren't just getting your same ol' iPad back in the mail after one week or thereabouts. Opting for the company's battery replacement service will basically put you on the list for a refurbished iPad--although the exterior case of the device will be brand-new, the underlying product will be one that's gone through Apple's fix-it procedures in some capacity. Naturally, any data you've kept on your old iPad device will go the way of the dinosaur: You'll want to back up all your settings and information prior to asking Apple for a new battery.
This is the exact same treatment that iPhone users receive, minus $20 to the overall cost of the replacement. It's interesting to note that the replacement fee isn't tiered at all, meaning that even the lowest of devices--the $499, 16GB iPad--will cost the same amount to replace with a refurbished product as the $829 64GB device. That can be a confusing issue for consumers, but you have to keep Apple's battery replacement service in perspective."
Sunday, March 14, 2010
A Texas Education, as told by Stephen Leacock.
"House of Lords, Jan. 25, 1920.--The House of Lords commenced to-day in Committee the consideration of Clause No. 52,000 of the Education Bill, dealing with the teaching of Geometry in the schools.The Leader of the Government in presenting the clause urged upon their Lordships the need of conciliation. The Bill, he said, had now been before their Lordships for sixteen years. The Government had made every concession. They had accepted all the amendments of their Lordships on the opposite side in regard to the original provisions of the Bill. They had consented also to insert in the Bill a detailed programme of studies of which the present clause, enunciating the fifth proposition of Euclid, was a part. He would therefore ask their Lordships to accept the clause drafted as follows: "The angles at the base of an isosceles triangle are equal, and if the equal sides of the triangle are produced, the exterior angles will also be equal." He would hasten to add that the Government had no intention of producing the sides. Contingencies might arise to render such a course necessary, but in that case their Lordships would receive an early intimation of the fact. The Archbishop of Canterbury spoke against the clause. He considered it, in its present form, too secular. He should wish to amend the clause so as to make it read: "The angles at the base of an isosceles triangle are, in every Christian community, equal, and if the sides be produced by a member of a Christian congregation, the exterior angles will be equal." He was aware, he continued, that the angles at the base of an isosceles triangle are extremely equal, but he must remind the Government that the Church had been aware of this for several years past. He was willing also to admit that the opposite sides and ends of a parallelogram are equal, but he thought that such admission should be coupled with a distinct recognition of the existence of a Supreme Being. The Leader of the Government accepted His Grace's amendment with pleasure. He considered it the brightest amendment His Grace had made that week. The Government, he said, was aware of the intimate relation in which His Grace stood to the bottom end of a parallelogram and was prepared to respect it. Lord Halifax rose to offer a further amendment. He thought the present case was one in which the "four-fifths" clause ought to apply: he should wish it stated that the angles are equal for two days every week, except in the case of schools where four-fifths of the parents are conscientiously opposed to the use of the isosceles triangle. The Leader of the Government thought the amendment a singularly pleasing one. He accepted it and would like it understood that the words isosceles triangle were not meant in any offensive sense. Lord Rosebery spoke at some length. He considered the clause unfair to Scotland, where the high state of morality rendered education unnecessary. Unless an amendment in this sense was accepted, it might be necessary to reconsider the Act of Union of 1707. The Leader of the Government said that Lord Rosebery's amendment was the best he had heard yet. The Government accepted it at once. They were willing to make every concession. They would, if need be, reconsider the Norman Conquest. The Duke of Devonshire took exception to the part of the clause relating to the production of the sides. He did not think the country was prepared for it. It was unfair to the producer. He would like the clause altered to read, "if the sides be produced in the home market." The Leader of the Government accepted with pleasure His Grace's amendment. He considered it quite sensible. He would now, as it was near the hour of rising, present the clause in its revised form. He hoped, however, that their Lordships would find time to think out some further amendments for the evening sitting. The clause was then read. His Grace of Canterbury then moved that the House, in all humility, adjourn for dinner."
The Business of Education
The stakes are enormous: For-profit schools have long derived the bulk of their revenue from federal loans and grants, and the percentages have been climbing sharply.
The Career Education Corporation, a publicly traded global giant, last year reported revenue of $1.84 billion. Roughly 80 percent came from federal loans and grants, according to BMO Capital Markets, a research and trading firm. That was up from 63 percent in 2007.
The Apollo Group — which owns the for-profit University of Phoenix — derived 86 percent of its revenue from federal student aid last fiscal year, according to BMO. Two years earlier, it was 69 percent.
For-profit schools have proved adept at capturing Pell grants, which are a centerpiece of the Obama administration’s efforts to make higher education more affordable. The administration increased financing for Pell grants by $17 billion for 2009 and 2010 as part of its $787 billion stimulus package."
Saturday, March 13, 2010
"Fair and Balanced" (FOX) Education in Texas.
Since January, Republicans on the board have passed more than 100 amendments to the 120-page curriculum standards affecting history, sociology and economics courses from elementary to high school. The standards were proposed by a panel of teachers.
“We are adding balance,” said Dr. Don McLeroy, the leader of the conservative faction on the board, after the vote. “History has already been skewed. Academia is skewed too far to the left.”"
Friday, March 12, 2010
Judging the Judges
Thursday, March 11, 2010
When Finance leads job creation...
Unemployment is plaguing millions of families, and the public may still be seething about bank bailouts and eight-figure bonuses. But business students and career advisers see a job market that is quickly stabilizing.
Aspiring bankers know their career choice comes at an awkward time. Ben Phelps, an M.B.A. student at Duke who is going to work for Bank of America Merrill Lynch after graduation, was shouted at by a stranger on Wall Street during a summer internship. He and his classmates joke that they would sooner describe themselves as “bank tellers” than “investment bankers.”
“A lot of people lost their savings, and I can understand those people being angry,” Mr. Phelps said. “But I wish sometimes that their anger wasn’t directed just at bankers.”"
Throwing scraps to people, the BofA way
FT.com / Companies / Banks - BofA to scrap overdraft fees for card users: "Bank of America has said it will eliminate overdraft fees for debit card customers in a move designed to quell consumer frustration and keep the bank a step ahead of new regulations that restrict such charges.
The $35 fee has drawn widespread criticism from consumer groups and legislators. Federal Reserve rules that take effect this summer require banks to obtain a customer’s permission before enrolling them in overdraft programmes."
Wednesday, March 10, 2010
The most quality-conscious consumers?
“In Japan, there is a phrase: if something smells, put a lid on it,” said Shunkichi Takayama, a Tokyo-based lawyer who has handled complaints related to Toyota vehicles.
Toyota has recalled eight million cars outside Japan because of unexpected acceleration and other problems, but has insisted that there are no systemic problems with its cars sold in Japan. The company recalled the Prius for a brake problem earlier this year.
Critics say many companies benefit from Japan’s weak consumer protections. (The country has only one full-time automobile recall investigator, supported by 15 others on limited contracts.)"
Tuesday, March 09, 2010
Faking the Hand-off
Monday, March 08, 2010
Nothing to Short Home About...
“We want to streamline and standardize the short sale process to make it much easier on the borrower and much easier on the lender,” said Seth Wheeler, a Treasury senior adviser."
Bugged...by Bugs
Op-Ed Columnist - The Spread of Superbugs - NYTimes.com: "Mr. Dukes, 52, picked up a kind of bacteria called ESBL-producing E. coli. While it’s conceivable that he touched a contaminated surface, a likely scenario is that he ate tainted meat, said Dr. Brad Spellberg, an infectious-diseases specialist and the author of “Rising Plague,” a book about antibiotic resistance.
Vegetarians are also vulnerable to antibiotic resistance nurtured in hog barns. Microbes swap genes, so antibiotic resistance developed in pigs can jump to microbes that infect humans in hospitals, locker rooms, schools or homes.
Routine use of antibiotics to raise livestock is widely seen as a major reason for the rise of superbugs. But Congress and the Obama administration have refused to curb agriculture’s addiction to antibiotics, apparently because of the power of the agribusiness lobby."
Sunday, March 07, 2010
Poverty...of Thought
Went to Odyssey, a bookstore in Gandhinagar this afternoon. A nice bookstore in the hustle and bustle. The clientele appeared to be on the heavier side- figuratively, not intellectually. A look at one segment of society. As I came out I walked past an older woman carrying five big bags on her back and she was asking for money. Could not help but give her a big note- I thought of my mother and how society could be so cruel, to put an old woman in that state. As I walking further, a car pulled out of a restaurant and a woman in her twenties rolled down the window and threw out trash, with no consideration of the outside world. Ah! The frustrations!
Justifiably Unhealthy...
'The top five largest for-profit insurance companies filed earnings of $12.2 billion last year while dropping coverage for 2.7 million Americans,' Sebelius said. 'It just doesn't make a lot of sense to people across America frightened that they're being priced out of the market.'"
Saturday, March 06, 2010
Getting Really Hot and Pi**** off in Arizona
Arizonans Rise Up to Protest Closing of Highway Rest Stops - NYTimes.com: "Arizona has the largest budget gap in the country when measured as a percentage of its overall budget, and the state Department of Transportation was $100 million in the red last fall when it decided to close 13 of the state’s 18 highway rest stops.
But the move has unleashed a torrent of telephone calls and e-mail messages to state lawmakers, newspapers and the Department of Transportation deploring the lost toilets — one of the scores of small indignities among larger hardships that residents of embattled states face as governments scramble to shore up their finances."
Friday, March 05, 2010
A rare occurrence - A Business School Walking the CSR Talk
Thursday, March 04, 2010
Bucking the question...
Starbucks asks not to be center of gun debate - Yahoo! Finance: "Coffee chain Starbucks Inc. is sticking to its policy of letting customers carry guns where it's legal and said it does not want to be put in the middle of a larger gun-control debate."
Supreme Court Still Divided on Guns - NYTimes.com: ..."Justice Stephen G. Breyer, who also wrote a dissent in Heller, peppered the lawyers with questions about how the court might apply the Second Amendment to the states in a limited way. The Second Amendment says, “A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed.”
Drawing on the first clause of the amendment, Justice Breyer said that a right tied to state militias might be worthy of protection, while the right to bear arms “to shoot burglars” might not be.
The lead plaintiff in the case, Otis McDonald, has said he wants to keep a handgun in his home for protection from drug gangs. Justice Breyer asked Alan Gura, a lawyer for residents of Chicago challenging its gun control law, whether the city should remain free to ban guns if it could show that hundreds of lives would be saved. Mr. Gura said no.
Justice Scalia objected to the inquiry. A constitutional right, he said, cannot be overcome because it may have negative consequences...."
Wednesday, March 03, 2010
A Tale of Two IBMs
IBM cuts hundreds of jobs, sliver of 400K workers - Yahoo! Finance: "AN FRANCISCO (AP) -- IBM Corp. cut more than 1,500 jobs across a number of divisions Monday, a sliver of the technology company's nearly 400,000 workers worldwide.
IBM wouldn't comment. Documents submitted by laid-off workers to the Alliance(at)IBM, a labor union representing a small percentage of IBM employees, indicate that at least 1,518 jobs were cut. It's not known where the positions were located.
IBM, which is based in Armonk, N.Y., generally doesn't release details of its job cuts. The company's overall head count has grown over the last few years despite ongoing job cuts."
year.
'We plan to focus more in the services sector by opening more BPO centres in India. We would recruit at least 5,000 people to support this expansion,' IBM Poland's senior advisory consultant, Selby Mascarenhas, said in New Delhi.
IBM is bullish on the growth prospect of the services sector in the domestic economy, which ranges from software- related services to looking after the HR aspects of some core manufacturing companies, Mascarenhas said.
The IT major has decided to scale up its outsourcing operations in India at a time when many global companies, hit by the financial turmoil, have downsized their outsourcing contracts."
Tuesday, March 02, 2010
Making stuff is hard....
China’s Industrial Heart Facing Acute Shortage of Factory Workers - NYTimes.com: "GUANGZHOU, China — Just a year after laying off millions of factory workers, China is facing an increasingly acute labor shortage.
As American workers struggle with near double-digit unemployment, unskilled factory workers here in China’s industrial heartland are being offered signing bonuses.
Factory wages have risen as much as 20 percent in recent months...At many factories, white-collar managers and engineers were forced to spend time on assembly lines to meet deadlines before the lunar New Year, because laborers were in such short supply. The managers often struggled with the tedious but intricate tasks required to make everything from toys to DVD players“People working in the office, like me, have been asked to help on the factory floor,” said Sky Niu, the sales manager at the Hengjia Electronics Company in Dongguan. “Of course, we can only help on the simpler tasks, such as packing.”..."
Milking it for all it is worth...
MediaPost Publications Dairy Industry Backs First Lady's 'Let's Move' Effort 03/01/2010: "'The program recommends small changes that add up,' reads the ad. 'We were glad to hear that one of those changes includes drinking fat-free milk. Milk has nine essential nutrients to help kids be healthy. Eating right, drinking milk and being active for at least 60 minutes a day can help kids maintain a healthy weight. That's why we encourage kids to 'fuel up to play 60.''
The first lady's program dovetails with Milk PEP's 2010 marketing focus, which is to help moms give their kids enough nutrition via milk, Kadison says. 'We just wanted to thank [Michelle Obama] and salute her as well as moms across the country,' she says."
Monday, March 01, 2010
No Love for Lowe’s
The associates are portrayed as knowledgeable, helpful and friendly — the kind of sales staff needed by consumers who hope to save money by doing more household projects themselves.
The campaign is indicative of the continued focus on value and service among major retailers as shoppers keep pinching pennies. Although Lowe’s and its principal competitor, Home Depot, said last week that they saw signs of a recovery for the home-improvement industry, the monthly poll by the Conference Board of consumer confidence took a steep downturn in February."