Wednesday, 30 November 2011
Everyone knows google is a power house. Although I am a loyal safari user, I am so pro gmail its ridiculous, could gchat for days, have more subscriptions on google reader than i can keep track of and last but not least, have google as my homepage. And I know i’m not alone. Which is why the 29.3 billion dollar revenue last year alone is shocking, but not THAT shocking.
What is shocking is that 29.3 billion dollars is more than the GDP of the 28 poorest companies combined. That blows my mind! google is rich enough to take over a continent of poor countries. And even with all of google’s services, products etc., 97% of revenue in 2010 came from advertisements. Some of this comes specifically from AdWords. AdWords target specific, shady customers like the Canadian pharmacies selling prescription pills to Americans.
Another out of this world fact is that that google is visited by a billion visitors monthly, collectively spending 380,265.167 years on google each month! Sadly, I think i contribute to this in a big way with all of the googling and google reading I do each day! [Via]
- PM Condoles the Passing Away of Litterateur Indira Goswami
- Fewer Casualties in Landmine Blasts in 2011 Compared to 2010
- National Policy on Prison Reforms
- Tax Exemption on Canteen Sales
- Security Along Nepal & Bangaladesh Borders
- Coordination Amongst Intelligence Agencies
- MPF Scheme Reviewed to Assess Future Requirement
- Tourist Visa on Arrival for Citizens of Eleven Countries
- Tackling Cyber Crime
- ACC Appointment
- Secretary Level Appointments
- Dope Test for Kabaddi World Cup
- Doping in Sports
- Inquiries Conducted by Various Agencies into Allegations of Irregularities in BCCI/IPL
- Digital Technology is the Future of Film Industry
- Working on ! a Movie without Female Actors and Songs was a Challenge says 'Melvilasom' Director Madhav Ramdas
- Short Film Makers should be encouraged says Krishno Kishore Mukhopadhyay
- Cinema an 'Artistic Tool' to Strengthen Ties between Countries says Polish Ambassador
- 'Taryanche Bait' A Simple Story with A Touch of Reality says Kiran Yadnyopavit
- 'Taryanche Bait' a Simple Story with a touch of Reality says Kiran Yadnyopavit
- Measures to Control External Capital Flows
- Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued
- Population of the Country Under Insurance Net
- Online Sale of Insurance Policies
- Acquisition of UCBs by PSBs
- Strong Arm Tactics Adopted by MFIS for Recovery of Loans
- Union Minister for Labour and Employment Presents The Vishwakarma Rashtriya Puraskar and National Safety Awards
- Training to Agriculture Graduates to Harness their Potential
Tuesday, 29 November 2011
By Tom Mucha, Global Post
Truth is elusive. But it's a good thing we have math.
Our friends at Business Insider know this, and put those two principles to work today in this excellent and highly informative little slideshow, made even more timely by the ongoing talks in Washington, D.C. aimed at staving off a U.S. debt default.
Here's the big idea:
Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt.
But there's one little problem with that conventional wisdom: it's just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.
Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:
- Hong Kong: $121.9 billion (0.9 percent)
- Caribbean banking centers: $148.3 (1 percent)
- Taiwan: $153.4 billion (1.1 percent)
- Brazil: $211.4 billion (1.5 percent)
- Oil exporting countries: $229.8 billion (1.6 percent)
- Mutual funds: $300.5 billion (2 percent)
- Commercial banks: $301.8 billion (2.1 percent)
- State, local and federal retirement funds: $320.9 billion (2.2 percent)
- Money market mutual funds: $337.7 billion (2.4 percent)
- United Kingdom: $346.5 billion (2.4 percent)
- Private pension funds: $504.7 billion (3.5 percent)
- State and local governments: $506.1 billion (3.5 percent)
- Japan: $912.4 billion (6.4 percent)
- U.S. households: $959.4 billion (6.6 percent)
- China: $1.16 trillion (8 percent)
- The U.S. Treasury: $1.63 trillion (11.3 percent)
- Social Security trust fund: $2.67 trillion (19 percent)
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
For a smart take on how President Obama and House Republicans should end gridlock over debt and deficits, see our new GlobalPost series The Negotiator, which features Wharton's negotiation guru Stuart Diamond.
And to bone up on China's debt — another potentially big global economic headache — check out this interview with brainy-yet-coherent Northwestern University economist Victor Shih, who spoke with GlobalPost's David Case.
Meanwhile, thousands of shop owners in Kerala downed shutters in protest against the Centre's decision to allow 51 per cent equity in multi-brand retail.
The dawn-to-dusk strike call was given by the Kerala Vyapari Vyavasyi Ekopanasamiti and Vyapari Vyavasayi Samiti, leading retailers' outfits in the state.
Reports from across the state said the response to the protest call was total with small, medium and wholesale outlets remaining closed.
Sheela Bhatt in New Delhi
Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks.Sheela Bhatt examines the politics behind the government's decision.
'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail.
The FDI issue is so sensitive that Defence Minister A K Antony, Rural Development Minister Jairam Ramesh and Small and Medium Enterprises Minister Virbhadra Singh tried to argue with the finance minister against the decision.
The interaction amongst the ministers suggested that Mukherjee was pushing a sensitive economic reform to stop the outflow of FDI and to create positive market sentiment to arrest the fall of the Bombay Stock Exchange's Sensex to below 10,000 points.
The finance minister is also worried about the decline in the value of the rupee
Business Line : Industry & Economy / Economy : Self regulation stressed for healthy corporate governance
The need for corporate houses to work towards self-regulation for healthy corporate governance was highlighted at an international conference on Corporate Governance in Asia, organised by the Institute of Public Enterprise, here on Monday.
Mr A.K. Pavadia, Joint Secretary, Department of Public Enterprise, Government of India, felt that the board of directors should play a more pro-active role. He also wanted the board of private companies to meet more often to strengthen corporate governance standards.
He said Corporate Social Responsibility (CSR) should become an integral part of corporate governance.
Mr R.S. Sharma, former Chairman and Managing Director of ONGC, touched upon various aspects of corporate governance such as quality of audit and accountability of the board of directors.
Mr Ravi Khetarpal, Chairman and Managing Director of Bharat Dynamics Ltd, was of the opinion that corporate governance cannot be enforced by law and what was essential was self-regulation.
He felt that the private sector was lagging behind in corporate government in comparison with the PSUs.
- Prime Minister Calls on President
- ACC Appointment
- Registration of Marriage !
- Senior Advocates in Supreme Court
- Gram Nyayalayas in Rajasthan
- Appointment of Public Prosecutors and Government Lawyers
- State Funding for Polls
- Elections in Legislative Assemblies
- Study of the Past Helps to Understand our Role in the Present and Future Says
- 'Sahi Dhandhe Galat Bande' made with a lot of Heart, Soul and Pass ion, says Preeti Jhangiani
- Animation is here to Stay, says Oscar Winning Producer Hugh Welchman
- 'Compulsory Hell-Mate' is A Humorous Movie with A Message Says, Mithunchandra Chaudhari
- Quarterly Report on Public Debt Management for the Quarter July -September 2011 Released
- FDI Policy in Multi Brand Retail
- Shri Mallikarjun Kharge to Present Vishwakarma Rashtriya Puraskar and National Safety Awards for The Performance Year 2009
- EPF Contribution
- Effects of Global Economic Recession
- Permanent and Temporary Workers
- Revision of Pension under PF Scheme
- ILO Convention on Labour Rights
- National Rural Labour Commission
- Daily Wagers
- Recognising Labour Union
- Safety in Coal Mines
- Insurance Coverage of Workers
- Skilled Workers
- Flood protection Project for Nagpur approve! d
- Contribution of Solar, Geothermal and Wind Energy
- Sea Pollution due to Industrial Cluster
- Strengthening of IFS Service
- Impacts of EMRS on Wildlife
- Single Window Clearance System
- Development of Wildlife Habitats
- Mission Clean Ganga
- Study on Climate Change
- Envirionmental Impact Assessment Policy
- Relaxation in Clearance Norms
- Pollution in Environment
- Funds Under Campa Plan
- Effect of GM Crops on Humans
- Protection of Forest Resources
- Forest Area for Railw! ay Line Project
- Clearance to 'Sardar Sarovar Project
- Clearance of Power Projects
- Exports from Polluting Firms
- Ground Water Pollution
- Funds for Protection of Wild Animals
- Protection of Migratory Birds
- Animals in Zoological Parks
- Protection of Villages from Elephants
- Noise Standards for Crackers
- Check on Deforestation
- Earthquakes Around Indian Sub-Continent
- Analysis of Seismic Data
- Monsoon Forecasts by IMD
- Violation of Bio-Diversity Act
- Setting up of Tiger Project
- Manpower in Zoos and National Parks
- Encroachment on Forestland
- Funds for Development of Forests
- Death of Animals due to Electrocution
- Polluted Industrial Clusters
- Pollution in Rivers
- Conservation of Ganga River
- Protection of Wildlife Outside Protected Area
- Expedition in Environmental Clearances
- Clearance to Durgawati Reservoir Project
- Pollution from Radio-Active Substances
- Conservation of Rivers
- Funds to Control Pollution
- Ecological Reforms
- Report on Glaciers
- Security for Wild Animals
- India -Bulgaria Sign MoU on H ealth & Medicines
- Infrastructure Building on Border
- Women in Defence Forces
- Indo-Russia Defence Deals
- Vulnerability of Submarines
- Modernisation of Airfields
- Modification of Brahmos Missile
- Achievements of DRDO
- Transparency in Working of CSD
- Shortage of Radars in Air Force
- Procurement of Reconnaissance System
- Misuse of Regimental Funds
- Sinking of MV RAK
- Theft Cases in Bomb Disposal Centres
- Coast Guard Stations
- Joint Military Exercise in Pakistan
- Indigenous Building of Ships
- Pension for Ex-Servicemen of Pre-Independence Era
- Purchase of items for Troops
- Army to Commence Ex Sudarshan Shakti in Rajasthan
- Bye-Elections to The Council of States from Assam and Bihar
- Technology Innovation Awards in Petrochemicals Presented
- The Coal Despatches by Coal India Limited (CIL) to the Power Utilities
- Availability of Coal for Power Plants
- Investment for Coal Development
- Demand for Imported Coal
- Coal Regulatory Authority for Coal Sector
- Demand and Supply of Coal
- Shortfall in Coal Production
- Status of Coal Blocks
- Rehabilitation of Closed Mines
- Pre Conditions for Grant of Mining Lease
- Optimum Exploitation of Mineral Resources
- Emission Norms
- Vessels Owned by Shipping Corporation of India
- Purchase of MSME Products
- Subsidy on ! Loan to Micro, Small and Medium Enterprises
- Investments in Power Sector
- Promoting use of CFLs
- Coal Based Power Generation Grows by 7.7 Percent in April-October, 2011
- 44,547 MW Electricity Generation Capacity Added during 11TH Plan
- Power Ministry's Pavilion Adjudged Second at IITF
- Power Supply Position
- Power Gene ration more than Target
- Violations of Chartered Accountants Act
- High Security Number Plates
- Radio Frequency Identification
- DND Tolled Expressway
- Toll Tax Policy on National Highways
- Action taken against Contractors
Monday, 28 November 2011
Social capital is important at every stage of entrepreneurship, but it is particularly important when the potential entrepreneur needs access to resources and expertise at the startup. Gallup surveys in 83 countries indicate that adults who have access to a mentor are three times more likely to say they are planning to start a business (14%) than those who do not have a mentor (5%).
Overall, sub-Saharan Africa has the highest percentage of adults (20%) planning to start a business in the next 12 months, followed by the Middle East and North Africa region (10%) and Asia (8%). Comparatively, the more developed world has fewer adults planning to start a business in the next 12 months: Northern America (7%), the former Soviet Union (4%), and the European Union (3%). However, access to social capital is important to encouraging entrepreneurial intent in all regions of the world.
Mentors play a significant role in supporting potential entrepreneurs in the developing world, where there are fewer formal training and support programs. Therefore, potential and new entrepreneurs rely heavily on family and personal relationships for starting new business ventures. Close connections between business and community in sub-Saharan Africa, Asia, and the Middle East and North Africa region become a source of informal social capital.
Access to a mentor has the potential to double the rate of new business creation in sub-Saharan Africa. Gallup data show 25% of those surveyed in sub-Saharan Africa who have access to a mentor plan to start a business in the next 12 months, compared with 13% of those who do not have a mentor. In Asia, 17% of those who have access to a mentor have plans to start a business in the near future, more than three times higher than the 5% of those without a mentor. In the Middle East and North Africa region, those with a mentor are twice as likely to plan to start a business (15%) as those without a mentor (7%).
There is a similar relationship in the more developed world. Among European Union residents, for example, 5% of those who have a mentor plan to start a business, compared with 1% without a mentor. In Northern America (U.S. and Canada) and the former Soviet Union republics, 10% of those who have a mentor plan to start a business in the next 12 months vs. 1% without a mentor.
Mentors Matter Most to Young, Male Entrepreneurs
Younger potential entrepreneurs benefit the most from having a mentor who can help them overcome the initial hurdles in starting a business and building new networks vital to the enterprise's growth. Of those in the 15-to-29 age group, 17% with access to a mentor plan to start a business, compared with 6% with no access to a mentor. The rates of potential startups drop with the increasing age of the potential entrepreneur; however, access to a mentor continues to positively influence the likelihood of starting a business.
Mentors are important for male and female potential entrepreneurs. Gallup data indicate that 16% of men who have access to a mentor plan to start a business, compared with 6% of those with no access to a mentor. Eleven percent of women with access to a mentor plan to start a business, compared with 4% without a mentor.
The relatively high percentage of entrepreneurial intent among those who have access to a mentor suggests that mentors can play an important role in supporting new companies in their development process. Without a mentor, an entrepreneur may find it difficult to access resources, build networks, and create partnerships that help the enterprise grow.
There are tangible and intangible benefits of having a mentor. Gallup's consulting work with more than 1,000 entrepreneurs in Mexico and the U.S. shows that pairing an entrepreneur with a mentor increases confidence and self-awareness as well as enhances business thinking and risk taking among the entrepreneurs. This prompts a developmental change in entrepreneurs that is positive for business growth. In total, it is clear that establishing mentor relationships with potential entrepreneurs may boost the chances of business creation, survival, and growth.
For complete data sets or custom research from the more than 150 countries Gallup continually surveys, please contact SocialandEconomicAnalysis@gallup.com or call 202.715.3030.
Results are based on telephone and face-to-face interviews with approximately 1,000 adults, aged 15 and older, in 83 countries, 2,000 adults in Russia, 3,000 adults in India, and 4,200 adults in China. All surveys were conducted in 2011.
For results based on the total samples of national adults, one can say with 95% confidence that the maximum margin of sampling error across the regions analyzed ranged from a low of ±0.3 percentage points to a high of ±1.5 percentage points. The margin of error reflects the influence of data weighting. In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.
For more complete methodology and specific survey dates, please review Gallup's Country Data Set details.
Tamil actor-singer Dhanush says he is overwhelmed by the response to his song Kolaveri di, which has become a rage online, attracting even fans like Amitabh Bachchan [ Images ].
The Tanglish (Tamil and English) song, a funny take on heartbreak, is from Dhanush's upcoming Tamil movie 3. It has already become a craze on the internet.
"I am overwhelmed by the response," Dhanush said. "When we were recording the song, we never thought it would become such a rage. We didn't have any plans, any marketing strategy to make the song a hit. It just happened. My voice is full of mistakes and that's why it suits the song. I guess that worked for the song because it can be easily hummed."
Kolaveri di (why this murderous rage), which is being shared by the online community rapidly, was released digitally on November 16 by Sony Music. The video shows Dhanush, the son-in-law of superstar Rajnikanth [ Images ], singing the song in a studio and composer Anirudh Ravichander on the keyboard while director Aishwarya R Dhanush and co-star Shruti Haasan [ Images ] watch along and give suggestions.
"When I was writing the lyrics, I kept in mind all the English words that are used in the Tamil vocabulary. Words like I, you, me, how, why, cow.. I just framed them into sentences and that's how I came up with the song," said Dhanush, who also penned down the lyrics of the song. Debutant music-director Anirudh Ravichander said they wanted to do something new with the song and it was Aishwarya who came up with the concept.
He adds, "Aishwarya maam gave me the situation and asked me to weave around it. The concept of heartbreak is very common and happens all the time. We wanted to try a new concept with (Tamil-English) lyrics and surprisingly, it worked. We have used different instruments from all over the world. Shehnai, strings, acoustic guitar, acoustic bass. I have kept the keyboard sound minimal." he added.
Amitabh Bachchan is the latest to be smitten by the quirky lyrics and foot-tapping music of the song. "Just heard 'Kolaveri di' after much talk on it ... its so original and catchy ..congrats Dhanush and Aishwarya (Rajni's daughter) .. love," Bachchan posted on Twitter.
Dhanush replied, saying, "It's a great honour to get a tweet from Big B [ Images ], very kind of him. I dedicate the tweet to all you guys who made kolaveri this big. Love you guys. God bless," he posted.
Kolaveri appeared as the number one Indian trend on Twitter on November 21.
Many promising executives derail sometime during their careers, often because they weren't very good at office politics.
More in Leadership: Human Resources
Not playing the political game is often seen as a good thing, even a badge of honor. Some managers see it as proof of their integrity. They are going to succeed because of job performance alone.
They couldn't be more wrong. Research finds that a person's political skills are key to building a successful career—for the good of both themselves and their company. When talented executives combine a knowledge of what their company needs with an ability to get things done, everyone benefits. Conversely, when a promising career falters because of poor political skills, companies have to spend time and money finding a replacement, and performance suffers in the meantime.
Being politically savvy is not about pushing others down or being untruthful to advance your own cause. Instead, it means building networks—relationships—with people inside and outside your company who can provide useful information and assistance. It means not picking fights over issues that aren't critical. It means informing others in the company about your contributions and accomplishments, and asking for advice and help, particularly from those senior to you. Self-serving? Sure. But there's nothing wrong with that. If you are going to make a difference, you need to have power.
Here's how companies can quickly recognize who among their otherwise-talented executives needs help at playing office politics—and how to give them the skills they need to be successful.
There are generally two times in every rising executive's career that bring the biggest tests of their ability to manage organizational politics. The first comes after about five to seven years, when the person begins to take on roles that depend less on their individual performance and more on what they can accomplish through the people around them. The second is usually after 15 to 20 years, or when the person steps into a senior role with even more visibility, according to Bonnie Wentworth, an executive coach in the San Francisco Bay area. At this point, Ms. Wentworth says, there is much less room for mistakes, and technical skills are largely irrelevant for career success.
Watch the behavior of people who are at these points in their careers. Are they showing or generating lots of (unproductive) conflict, stress and tension? Do they insist on getting their way all the time, or are they sensitive to smoothing the feathers of important others?
Pick Your Battles
Some brilliant people don't realize there are trade-offs that must be made to work successfully with others in an organization. One now-derailed executive remembers being asked by his boss, "Do you want to be right, or do you want to be effective?" Savvy people live to fight another day by avoiding situations where they and their ideas are going to go down in flames.
To best evaluate a person at one of these key junctures, pay attention to whether they inspire support and confidence through how they talk and act. Leaders hold on to their positions by maintaining support from their employees, customers and, most important, their bosses. When that support is gone, so are they. Inspiring confidence and garnering support comes mostly from being forceful, rather than remorseful.
When people appear to be struggling in their roles, there are several ways the company can help save its investment in their careers. Executive coaching is a growing and often helpful process. A good executive coach can get people to understand and stop their own self-defeating behaviors.
Coaches also can help people re-examine their values, and perhaps figure out whether they would rather be able to say, "I told you so," or acquire influence by being useful to those in power.
Power skills, like all skills, can be taught. Courses in how to understand and navigate networks of people in organizations have been shown to help win promotions. Even smart people can have all sorts of wrong ideas about interpersonal behavior. Sometimes executives need to learn some basic social psychology to set them straight.
For instance, people who appear forceful rather than sad or uncertain typically get more status. Something as simple as interrupting can signal and create power—people with power interrupt, those without get interrupted. Adopting a powerful, expansive body pose actually changes people's blood chemistry, reducing cortisol, a stress hormone, and increasing testosterone; the reverse happens if people adopt a hunched, restrictive, low-power posture.
Once people learn about the social psychology of power, they can use these principles to become more effective in their interpersonal interactions.
Good leaders master organizational dynamics, and help those who work for them do the same. When Zia Yusuf, now president and chief executive of San Francisco-based Streetline Inc., was an executive vice president at SAP AG, he went out of his way to advise people who worked for him how to interact with the 50 top people in the company. He told them whom they should have coffee with, who wanted to interact only over important matters and, most important, what each executive's key performance indicators and critical objectives were.
Few executives receive or provide this sort of help. If more did, perhaps fewer promising careers would come off the rails.
Mr. Pfeffer is the Thomas D. Dee II professor of organizational behavior at Stanford University's Graduate School of Business and author of "Power: Why Some People Have It—and Others Don't." He can be reached at firstname.lastname@example.org.
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