2:08 PM
US A MA
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Monday, March 25, 2013
Cyprus- Bailing out Economic Bubble
Paul Krugman summarizes the origins of Cyprus' problems in (here): the banking system, a housing bubble and an overvaluation. He
says that it was as “if Cyprus has managed to combine in one place everything
that has gone wrong elsewhere”. One could add policymaking to it.
I’m from a country that had (and
has) “creative” policymakers. We’ve seen a lot here. Especially during hyperinflation-years.
But, what I see emerging from a small island can put all the wrong Brazilian
attempts behind. It just scares me.
The way out found by Cypriot
policymakers
was to tax deposits to help pay the bills. I’m not kidding. They’ve
decided to
impose a suddenly loss of wealth in country lacking competitiveness (the
overvaluation issue), whose problems emerged from the banking system,
though...
Thursday, March 21, 2013
Ali Gul Pir - Wadera ka beta song misled Saeens
Recently social web blockbuster song "Wadere ka beta" by Ali Gul Pir was on every lips across Pakistan. Everyone were considering it as a revolutionary song against feudalism in Pakistan.But it was noticed that young feudalist picked this song as honor for them.Son of Wadera listens song proudly in his hammer.Example of Shahzeb murder case by Wadera Shahrukh Jatoi can viewed as reflection of this song where Shahrukh believing himself as "Shahrukh Khan" killed Shahzeb to show world that he is the Boss & he can do anything in Pakistan, no one can even mess with him.Interestingly the name of song's character is "AKBAR JATOI" and before killing Shazeb in mouth firing between Shahrukh & Shahzeb, Shahrukh was found proclaiming...
Wednesday, February 6, 2013
Lessons from My Bosses
by
Sallie Krawcheck
I’ve
worked directly for 7 financial services CEOs (don’t ask…..it’s a
really long story) and covered many more during my days as a research
analyst. Each of them worked very, very hard; each of them was
incredibly smart; and each of them was human. They each taught me a lot
as I saw them work under great stress….both “what to do’s” and
(unintentionally) “what to don’ts.”
The best really understood the concept of NPV (net
present value). By that, I mean they were willing to forgo earnings
today, to invest smartly for more earnings tomorrow. For example, at
Sanford Bernstein, we pulled our research analysts out of the
underwriting business, with the view that an unconflicted business
model, focused on...
Tuesday, January 22, 2013
1 in 2 new graduates are jobless or underemployed in Pakistan
KARACHI (AP) — The college class of 2012 is in for a rude welcome to the world of work.
A weak labor market already has
left half of young college graduates either jobless or underemployed in
positions that don't fully use their skills and knowledge.
Young adults with bachelor's degrees are increasingly scraping by in
lower-wage jobs — waiter or waitress, bartender, retail clerk or
receptionist, for example — and that's confounding their hopes a degree
would pay off despite higher tuition and mounting student loans.
An analysis of government data
conducted for The Associated Press lays bare the highly uneven prospects
for holders of bachelor's degrees.
Opportunities for college graduates vary widely.
While there's strong demand in
science, education and health fields, arts and...
Six Factors That Can Cost You the Interview
Most job seekers know that an unprofessional appearance will count
against them at an interview. Here are six MORE factors that can help
you remain in the unemployment line:
(1) Being unprepared for the interview. Prepare, plan, and practice! In
today's tough job market, you MUST do everything you can to give
yourself an edge... preparation is the key.
(2) Not being able to communicate clearly and effectively. This is
important during the interview and on the job. Being nervous can really
mess up your communication skills, so being well prepared and practicing
what you're going to say are always your best bet.
(3) Being aggressive, arrogant, or acting in a superior way. No one
wants to hire or work with people who think they're better than everyone
else. Be careful with your attitude,...
Deal of the week
