Interesting article written by an Indian Economist
Japanese save a lot. They do not spend much. Also, Japan exports far more than it imports. Has an annual trade surplus of over 100 billions. Yet Japanese economy is considered weak, even collapsing.Americans spend, save little. Also US imports more than it exports. Has an annual trade deficit of over $400 billion. Yet, the American economy is considered strong and trusted to get stronger. But where from do Americans get money to spend? They borrow from Japan , China and even India .
Virtually others save for the US to spend. Global savings are mostly invested in US, in dollars. India itself keeps its foreign currency assets of over $50 billions in US securities. China has sunk over $160 billion in US securities. Japan 's stakes in US securities is in trillions. Result: The US has taken over $5 trillion from the world. So, as the world saves for the US - Its The Americans who spend freely. Today, to keep the US consumption going, that is for the US economy to work, other countries have to remit $180 billion every quarter, which is $2 billion a day, to the US ! A Chinese economist asked a neat question. Who has invested more, US in China , or China in US? The US has invested in China less than half of what China has invested in US. The same is the case with India . We have invested in US over $50 billion. But the US has invested less than $20 billion in India . Why the world is after US? The secret lies in the American spending, that they hardly save. In fact they use their credit cards to spend their future income. That the US spends is what makes it attractive to export to the US . So US imports more than what it exports year after year. The result: The world is dependent on US consumption for its growth. By its deepening culture of consumption, the US has habituated the world to feed on US consumption. But as the US needs money to finance its consumption, the world provides the money. It's like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer. And the world is like the helpless shopkeeper financier. Who is America 's biggest shopkeeper financier? Japan of course. Yet it's Japan which is regarded as weak. Modern economists complain that Japanese do not spend, so they do not grow. To force the Japanese to spend, the Japanese government exerted itself, reduced the savings rates, even charged the savers. Even then the Japanese did not spend (habits don't change, even with taxes, do they?). Their traditional postal savings alone is over $1.2 trillions, about three times the Indian GDP. Thus, savings, far from being the strength of Japan , has become its pain. Hence, what is the lesson? That is, a nation cannot grow unless the people spend, not save. Not just spend, but borrow and spend. Dr. Jagdish Bhagwati, the famous Indian-born economist in the US , told Manmohan Singh that Indians wastefully save. Ask them to spend, on imported cars and, seriously, even on cosmetics! This will put India on a growth curve. This is one of the reason for MNC's coming down to India , seeing the consumer spending.
'Saving is sin, and spending is virtue.'
But before you follow this Neo Economics, get some fools to save so that you can borrow from them and spend !!!
Thursday, December 30, 2010
Tuesday, March 16, 2010
Quotes on Attitude
IF AN EGG IS BROKEN BY AN OUTSIDE FORCE..A LIFE ENDS. IF AN EGG BREAKS FROM WITHIN...... .LIFE BEGINS. GREAT THINGS ALWAYS BEGIN FROM WITHIN
WHEN YOU TRUST SOMEONE TRUST HIM COMPLETELY WITHOUT ANY DOUBT....... AT THE END YOU WOULD GET ONE OF THE TWO : EITHER A LESSON FOR YOUR LIFE OR A VERY GOOD PERSON
LIFE IS NOT ABOUT THE PEOPLE WHO ACT TRUE TO YOUR FACE ........ IT'S ABOUT THE PEOPLE WHO REMAIN TRUE BEHIND YOUR BACK
SOLDIER : SIR WE ARE SURROUNDED FROM ALL SIDES BY ENEMIES , MAJOR : EXCELLENT ! WE CAN ATTACK IN ANY DIRECTION.
THE WORST IN LIFE IS "ATTACHMENT " IT HURTS WHEN YOU LOSE IT. THE BEST THING IN LIFE IS " LONELINESS " BECAUSE IT TEACHES YOU EVERYTHING AND, WHEN YOU LOSE IT, YOU GET EVERYTHING.
"You never conquer a mountain. You stand on the summit a few moments; then the wind blows your footprints away." -Arlene Blum
“I hear and I forget. I see and I remember. I do and I understand.” Chinese proverb
“The greatest waste in the world is the difference between what we are and what we could become.” Ben Herbste
IF AN EGG IS BROKEN BY AN OUTSIDE FORCE..A LIFE ENDS. IF AN EGG BREAKS FROM WITHIN...... .LIFE BEGINS. GREAT THINGS ALWAYS BEGIN FROM WITHIN
WHEN YOU TRUST SOMEONE TRUST HIM COMPLETELY WITHOUT ANY DOUBT....... AT THE END YOU WOULD GET ONE OF THE TWO : EITHER A LESSON FOR YOUR LIFE OR A VERY GOOD PERSON
LIFE IS NOT ABOUT THE PEOPLE WHO ACT TRUE TO YOUR FACE ........ IT'S ABOUT THE PEOPLE WHO REMAIN TRUE BEHIND YOUR BACK
SOLDIER : SIR WE ARE SURROUNDED FROM ALL SIDES BY ENEMIES , MAJOR : EXCELLENT ! WE CAN ATTACK IN ANY DIRECTION.
THE WORST IN LIFE IS "ATTACHMENT " IT HURTS WHEN YOU LOSE IT. THE BEST THING IN LIFE IS " LONELINESS " BECAUSE IT TEACHES YOU EVERYTHING AND, WHEN YOU LOSE IT, YOU GET EVERYTHING.
"You never conquer a mountain. You stand on the summit a few moments; then the wind blows your footprints away." -Arlene Blum
“I hear and I forget. I see and I remember. I do and I understand.” Chinese proverb
“The greatest waste in the world is the difference between what we are and what we could become.” Ben Herbste
Some quotes
Quotes
“ The will to win, the desire to succeed, the urge to reach your full potential .. these are the keys that will unlock the door to personal excellence “
– Eddie Robinson
“Life without purpose is a languid drifting thing, every day we ought to review our purpose, saying to ourselves, ‘This day let me make a sound beginning’ ”
- Thomas Kempis
“Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome”
- Booker T Washington
“One objective should be to get it right, get it quick, get it out, and get it over. You see your problem won’t improve with age “
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
“ The will to win, the desire to succeed, the urge to reach your full potential .. these are the keys that will unlock the door to personal excellence “
– Eddie Robinson
“Life without purpose is a languid drifting thing, every day we ought to review our purpose, saying to ourselves, ‘This day let me make a sound beginning’ ”
- Thomas Kempis
“Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome”
- Booker T Washington
“One objective should be to get it right, get it quick, get it out, and get it over. You see your problem won’t improve with age “
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
Vedic Maths
What does mathematics have to do with Hinduism? Well, just as the basic principles of Hinduism lie in the Vedas, so do the roots of mathematics. The Vedas, written around 1500-900 BCE, are ancient Indian texts containing a record of human experience and knowledge. Thousands of years ago, Vedic mathematicians authored various theses and dissertations on mathematics. It is now commonly believed and widely accepted that these treatises laid down the foundations of algebra, algorithm, square roots, cube roots, various methods of calculation, and the concept of zero.
'Vedic Mathematics' is the name given to the ancient system of mathematics, or, to be precise, a unique technique of calculations based on simple rules and principles, with which any mathematical problem - be it arithmetic, algebra, geometry or trigonometry - can be solved, hold your breath, orally!
Sutras: Natural Formulae
The system is based on 16 Vedic sutras or aphorisms, which are actually word-formulae describing natural ways of solving a whole range of mathematical problems. Some examples of sutras are "By one more than the one before", "All from 9 & the last from 10", and "Vertically & Crosswise". These 16 one-line formulae originally written in Sanskrit, which can be easily memorized, enables one to solve long mathematical problems quickly.
Why Sutras?
Sri Bharati Krishna Tirtha Maharaj, who is generally considered the doyen of this discipline, in his seminal book Vedic Mathematics, wrote about this special use of verses in the Vedic age: "In order to help the pupil memorize the material assimilated, they made it a general rule of practice to write even the most technical and abstruse textbooks in sutras or in verse (which is so much easier - even for the children - to memorize)... So from this standpoint, they used verse for lightening the burden and facilitating the work (by versifying scientific and even mathematical material in a readily assimilable form)!"
Dr L M Singhvi, the former High Commissioner of India in the UK, who is an avid endorser of the system says: "A single sutra would generally encompass a varied and wide range of particular applications and may be likened to a programmed chip of our computer age". Another Vedic maths enthusiast, Clive Middleton of vedicmaths.org feels, "These formulas describe the way the mind naturally works, and are therefore a great help in directing the student to the appropriate method of solution."
A Simple & Easy System
Practitioners of this striking method of mathematical problem-solving opine that Vedic maths is far more systematic, coherent and unified than the conventional system. It is a mental tool for calculation that encourages the development and use of intuition and innovation, while giving the student a lot of flexibility, fun and satisfaction. Therefore, it's direct and easy to implement in schools - a reason behind its enormous popularity among educationists and academicians.
A Simple & Easy System
Practitioners of this striking method of mathematical problem-solving opine that Vedic maths is far more systematic, coherent and unified than the conventional system. It is a mental tool for calculation that encourages the development and use of intuition and innovation, while giving the student a lot of flexibility, fun and satisfaction. Therefore, it's direct and easy to implement in schools - a reason behind its enormous popularity among educationists and academicians.
Originally from :Subhamony Das. Hinduism about.com
'Vedic Mathematics' is the name given to the ancient system of mathematics, or, to be precise, a unique technique of calculations based on simple rules and principles, with which any mathematical problem - be it arithmetic, algebra, geometry or trigonometry - can be solved, hold your breath, orally!
Sutras: Natural Formulae
The system is based on 16 Vedic sutras or aphorisms, which are actually word-formulae describing natural ways of solving a whole range of mathematical problems. Some examples of sutras are "By one more than the one before", "All from 9 & the last from 10", and "Vertically & Crosswise". These 16 one-line formulae originally written in Sanskrit, which can be easily memorized, enables one to solve long mathematical problems quickly.
Why Sutras?
Sri Bharati Krishna Tirtha Maharaj, who is generally considered the doyen of this discipline, in his seminal book Vedic Mathematics, wrote about this special use of verses in the Vedic age: "In order to help the pupil memorize the material assimilated, they made it a general rule of practice to write even the most technical and abstruse textbooks in sutras or in verse (which is so much easier - even for the children - to memorize)... So from this standpoint, they used verse for lightening the burden and facilitating the work (by versifying scientific and even mathematical material in a readily assimilable form)!"
Dr L M Singhvi, the former High Commissioner of India in the UK, who is an avid endorser of the system says: "A single sutra would generally encompass a varied and wide range of particular applications and may be likened to a programmed chip of our computer age". Another Vedic maths enthusiast, Clive Middleton of vedicmaths.org feels, "These formulas describe the way the mind naturally works, and are therefore a great help in directing the student to the appropriate method of solution."
A Simple & Easy System
Practitioners of this striking method of mathematical problem-solving opine that Vedic maths is far more systematic, coherent and unified than the conventional system. It is a mental tool for calculation that encourages the development and use of intuition and innovation, while giving the student a lot of flexibility, fun and satisfaction. Therefore, it's direct and easy to implement in schools - a reason behind its enormous popularity among educationists and academicians.
A Simple & Easy System
Practitioners of this striking method of mathematical problem-solving opine that Vedic maths is far more systematic, coherent and unified than the conventional system. It is a mental tool for calculation that encourages the development and use of intuition and innovation, while giving the student a lot of flexibility, fun and satisfaction. Therefore, it's direct and easy to implement in schools - a reason behind its enormous popularity among educationists and academicians.
Originally from :Subhamony Das. Hinduism about.com
Friday, March 12, 2010
Some nice quotes which I came across from the book of Jack Canfied. -part I
The book -"How to get from where you are to where you want to be"
1."The secret to my success is that I bit off more than I could chew and chewed as
fast I could"
- Paul Hogan Actor who porttrayed Crocodile Dundee.
2. "99% of all failures come from people who have a habit of making excuses"
-Geore Washington Carver(Chemist who discovered over 325 uses of the peanut)
3."Learn to get in touch with the silence within yourself and know that everything
in life has a purpose."
-Elisabeth Kubler Ross,M.D- Psychiatrist and the author of the classic on Death
and Dying
4. "Every negative event contains wihtin it the seed of an equal or greater benefit"
-Napolean Hill
5 "When life hands you a lemon squeeze it and make lemonade"
-W. Clement Stone, self made multimillionaire and former publisher of success
magazine.
6. " If you want to be happy , set a goal that commands your thoughts,liberates your
energy and inspires hopes"
-Andrew Carnegie
7. "Decide upon your major definite purpose in life and then organize all your
activities around it"
-Brian Tracy (one of America's leading authorities on the developement of human
potential and personal effectiveness)
8 "The indispensable first step to getting the things you want out of life is
this: decide what you want"
-Ben Stein- Actor and Author
9 "The greater danger for most of us is not that our aim is too high and we miss
it, but that it is too low and we reach it"
-Michelangelo
10. "Create your future from your future, not from your past"
-Werner Erhard- Foundre of EST training a nd the Landmark Forum
11. "Sooner or later , those who win are those who think they can"
-Richard Bach- author of Jonathan Livingston Seagull.
12. "You weren't an accident.You weren't mass produced.You aren't an assembly
product.You were deliberately planned, specifically gifted and lovingly
positioned on the Earth by the Master Craftsman.
-Max Lucado-Best selling author.
13. The phrase "I can't" is the most powerful force of negation in the human psuche
-Paul .R. Scheele- Chairman, Learning Strategies Corporation.
14. "If you are bored with life, if you dont get up every morning with a burning
desire to do things- you dont 've enough goals.
- Lou Holtz- The only coach in the NCAA history to ever lead six different
college teams to post season bowl games and a man who also won a national
championship and "coach of the year" honors.
15. "You want to set a goal that is big enough that in the process of achieving
it you become someone worth becoming."
- Jim Ron- Self made millionaire, success coach and philosopher
16. "The secret of getting ahead is getting started.
The secret of getting started in breaking your complex, overwhelming tasks
into small manageable tasks, and then starting on the first one."
-Mark Twain
17. "Success leaves clues."
- Anthony Robbins- author of unlimited power.
1."The secret to my success is that I bit off more than I could chew and chewed as
fast I could"
- Paul Hogan Actor who porttrayed Crocodile Dundee.
2. "99% of all failures come from people who have a habit of making excuses"
-Geore Washington Carver(Chemist who discovered over 325 uses of the peanut)
3."Learn to get in touch with the silence within yourself and know that everything
in life has a purpose."
-Elisabeth Kubler Ross,M.D- Psychiatrist and the author of the classic on Death
and Dying
4. "Every negative event contains wihtin it the seed of an equal or greater benefit"
-Napolean Hill
5 "When life hands you a lemon squeeze it and make lemonade"
-W. Clement Stone, self made multimillionaire and former publisher of success
magazine.
6. " If you want to be happy , set a goal that commands your thoughts,liberates your
energy and inspires hopes"
-Andrew Carnegie
7. "Decide upon your major definite purpose in life and then organize all your
activities around it"
-Brian Tracy (one of America's leading authorities on the developement of human
potential and personal effectiveness)
8 "The indispensable first step to getting the things you want out of life is
this: decide what you want"
-Ben Stein- Actor and Author
9 "The greater danger for most of us is not that our aim is too high and we miss
it, but that it is too low and we reach it"
-Michelangelo
10. "Create your future from your future, not from your past"
-Werner Erhard- Foundre of EST training a nd the Landmark Forum
11. "Sooner or later , those who win are those who think they can"
-Richard Bach- author of Jonathan Livingston Seagull.
12. "You weren't an accident.You weren't mass produced.You aren't an assembly
product.You were deliberately planned, specifically gifted and lovingly
positioned on the Earth by the Master Craftsman.
-Max Lucado-Best selling author.
13. The phrase "I can't" is the most powerful force of negation in the human psuche
-Paul .R. Scheele- Chairman, Learning Strategies Corporation.
14. "If you are bored with life, if you dont get up every morning with a burning
desire to do things- you dont 've enough goals.
- Lou Holtz- The only coach in the NCAA history to ever lead six different
college teams to post season bowl games and a man who also won a national
championship and "coach of the year" honors.
15. "You want to set a goal that is big enough that in the process of achieving
it you become someone worth becoming."
- Jim Ron- Self made millionaire, success coach and philosopher
16. "The secret of getting ahead is getting started.
The secret of getting started in breaking your complex, overwhelming tasks
into small manageable tasks, and then starting on the first one."
-Mark Twain
17. "Success leaves clues."
- Anthony Robbins- author of unlimited power.
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