Will white house help?

The auto bailout has collapsed during the senate procedural vote.This was the top news on CNN today.I had no doubts that these bailouts plans are not viable.
American auto industry is old enough to understand the meaning of innovation.However the bosses in Detroit were to pampered to understand the changing scenario in world auto trends.When you are the boss of a giant industry you should also try and understand the mentality of your end clients.Its all well to have plush board meetings and gross over working seminars on palm beach but altogether a different ball game when understanding the consumer requirements.Japanese are not only innovative but quite adaptable too.Even the Chinese and the Indians are making better autos than the Americans for last 20 years or so!German engineering has an edge when it comes to auto technology along with the Japanese but India and Chinese are catching up too.In Detroit the Americans were sleeping for last 20 years and suddenly woken up to the harsh reality of loosing a considerable part of market share but technological excellence too.Financial crisis took its toll and now the Detroit group is on all fours asking for tax payers money pretending to bounce back.Washington asks them for a plan, and they come out with a dead turkey!
World has changed since Henry Ford went for mass production of cars.Today the emphasis is on smaller and more greener car.We humans have taken environment for granted and time is running out for a major disaster to happen.Oil lobby in Washington had for many years prevented any green fuels or technology to emerge.Oil industry funds the auto lobby in Washington and hence Saudi Arabia benefits and funds terrorism across globe.
This is exactly the time to put an end to all these rubbish lobby groups in pentagon.They corrupt the politicians and hence the public suffers because of half hearted policies of the government.This was exactly the reason why Bush made a mockery out of Kyoto protocol.Yes I understand that jobs will be lost but they will be lost anyway as all that bailout money will be ill used.When Detroit doesn't have any plans for making small ,fuel efficient cars,hence consumers will not buy anything for them.Jobs will be gone anyway!
Better still call the European and Japanese companies in Detroit and retrain the workforce for making fuel efficient and green cars.Hybrid cars are getting popular so why not invest money in those ventures.This will weaken the oil lobby in Washington and make way for researchers to get more funds for environment friendly technology to emerge.

MBA MELTDOWN.

MBA IN TROUBLE

Financial crisis seems to be reaching the professors after all!The applications for business schools have gone down a whopping 50% as a result of difficult to get education loans and a slump in the job market.With many experienced investment workers on the street the going is tough for business schools who rely on student fee as a major source of revenues.So far the business teachers were well payed and had a job security unseen any where else.
The campus interviews have taken a nose dive with very few placements.For students the placements are a major draw when they fork out thousands of dollars for the schools.Even the Business school teachers are at a loss of words when asked about when the situation might improve.Majority of the students in US business schools come from Asia mainly from India.This year students are taking it easy.
Robert kinesis a MBA school aspirant says that his confidence in business studies has gone down as he says even after spending thousand of dollars these so called financial engineers cannot understand the head or tail of finance.Others argue that business cannot be learned in school.It comes from the spirit of entrepreneurship and leadership with which one is born.Bill Gates or Warren buffets are not MBA’s and so are 90% of business leaders.

PINK SLIPS GALLORE!

The November job losses in USA amounts to in excess of 533000 as a result of severe economic down turn.As President elect Obama said in one of his speeches that its going to be worse before it gets better.But how much worse,this only the coming months can tell.All the bailout packages are doing no good and making matters even worse.
This is the worse time since 1974 when so many jobs were lost in the world. Stephen Stanley, chief U.S. economist at RBS Greenwich in Greenwich, Conn admitted that things are worse off than previously predicted.Obama has predicted that situation might improve only after 2011.
So what is the option for people who have already layed off or going to be layed off in coming years.Since America is the core of capitalism it means a disaster for the rest of the world too.Countries like China and India who were suppose to act as catalyst for world economy are themselves sinking slowly.After the terror act in Mumbai India,even people have lost faith in politicians and system. Service-providing businesses alone shed 370,000 jobs in November, or two-thirds of the overall job declines, following a loss of 153,000 jobs the month before.That meant labor market weakness has now shifted over from the goods-producing sectors of the economy to the far more important services sector, which delivers almost 80 percent of U.S. output.
All said and done what can we do?Times shall be real hard.This is the correct time for rethinking our priorities for the next 50 years.May be this is a chance given to us by unseen forces to make earth a better place!The G-20 nations should gather in remote islands like Madagascar and develop a strategy where world will come together and coexist peacefully.We have already seen how extremism effects not only countries but the whole foundations of human being.No amount of bailouts will help if the citizens have lost faith in the system.

American education too expensive now!

UNAffordable US education!

Higher education in US is almost becoming unaffordable as per the recent survey by new york times.This is the result of commercialization of the education system.Education is a must for nay country to develop and prosper.Any nation consists of people and people should be taught newer skills and research based technical knowledge.If you don’t do it than you have to import immigrants who got their education at a affordable price.The best example of this trend was when many pass outs of the Indian institute of technology who paid peanuts for quality education as these were funded by Indian government.However America benefited from this trend.However US educational institutes charge you a bomb in some cases a entire year salary of a medium wage earner annually.The best example would be increasing taxes for corporates and bring that money in medical and technical education.The dream of any father is to see his off springs through the college,but instead these kids end up working for pizza deliveries or McDonald's to earn their pocket money.MBA in a decent university may put you back by almost US$40000.To top all this is that job market is very poor and will remain so till 2011 if all goes well.Banks will charge high interest rate due to credit crunch.May be the college fee should come down and thats a solution not a recomendation though.

While tuition has risen at public universities, his report said, that has largely been to make up for declining state appropriations. The report offered its own cost projections, not including room and board.
“Projecting out to 2036, tuition would go from 11 percent of the family budget to 24 percent of the family budget, and that’s pretty huge,” Mr. Shulenburger said. “We only looked at tuition and fees because those are the only things we can control.”

The Mumbai Terror

This post is dedicated to the memory of all the innocent people killed in Mumbai Terror in India.My special salute to the Indian commandos(NSG) to fought bravely to free the hostages from the devil Islamic Pakistani animals.Police commisioner Karkare, Amte and Sandeep Unnikrishnan along with their other partners gave up their today for our tomorrow.We want to deserve it!Enough is Enough!Politicians are rascals!

The Taj mahal hotel is the most beautiful building in Mumbai.It was designed and built by Jamsedji Tata one of the founders of TATA empire in 1903 because he was restricted entry into an adjacent hotel by the white British officers who were controlling India at that time.
It belongs to Tata group of hotels and is one of the top luxury hotels in the world.It is accompanied by newly built Taj towers which is multistoried hotel adjacent to it.However recently both were pounded by Islamic terrorist from Pakistan.It was a painful site to see many people dead and beautiful Taj being destroyed.
The aim of the terrorist is to spread terror.However Islamic terrorists are even dangerous because they extra motivated by fundamentalists causes.They step down from being humans to being animals.They have no regard for a child and women and innocent old people and they kill anyone anytime.Needless to say Muslims also live in different parts of the world but no one is as dangerous and animal like the one’s in Pakistan.How did Pakistan come to such a stage?Well the very foundations on which Pakistan is built is made of sand.The moment it declared itself as an Islamic republic it became a failed state ruled by proxy powers which were equally brutal and devoid of any human like characteristics.They also want that Islam should rule the world,which every one knows is never going to happen.The Taliban (the proxy Pakistani mafia) which rules Pakistan and parts of Afghanistan consists of animals of the worst kind.They are the hyena’s of the human world.They rape,they grow narcotics,they smuggle arm,they kill innocent children and women!Even the legal Pakistan government is unable to control them.Pakistan;s ISI is an integral part of this Taliban.They are also raise funds in Saudi Arabia ,UAE and other Arab countries.This funds are the backbone of their operations.
In my opinion if Saudi Arabia and Pakistan can be controlled by UN a lot can be achieved.They even send funds to India to the local Muslim non profit outfits which trains local Islamic terrorists to kill innocent people in Delhi and Mumbai.In India a lot can be done by Muslim organizations to control this menace but that commitment is lacking.This brings me to the question “ Are local Indian Muslims helping Islamic terror organizations? This is something the Indian government must find out.So far IB and CBI have failed to move in the right direction as is very clear from the numerous attacks that India has tolerated.Main agenda is not to blame each other but to move in the right direction,otherwise the day is not far when India will be called “Islamic republic of India”!
Indonesia,Malaysia have already bowed down!We Indians should come together to stop this!

Bailout Season!

“US government shall bailout Citi Corp.” and gosh! they indeed have to the tune of some 306 billion US$. Hearing the news ,the European stocks rose 5%.
In my opinion all this drama about bailout sucks. It simply means profit for the private sector on account of the helpless taxpayers. Similiarly earlier the US congress bailed out AIG in October by almost $60 billion. Immideately after receiving this grant the top AIG executives organized a lavish working holiday for themselves at a resort in California spending some $million on drinks, sauna and entertainment! On being asked by the government panel, the CEO of AIG reasoned that they did it to lift the morale of the AIG executives. Lifting the morale of the private executives on taxpayers money? Well beaurocrats and politicians do it all the time.
Coming back to the Citi Corp. bailout ,I will say that it was a descision taken in absolute panic and hurry.It is needless to say some people in the US government have private stake in these companies. Why not go for public opinion on this issue and let the taxpayers decide for themselves .The auto sector is demanding 25 Billion US$ of taxpayers money. This is nothing but blackmail. Their reasoning is that you do it or you loose 3 million jobs which will pay you taxes amounting to 110 Million US$. In the case of American auto industry they are producing the same rotten gas guzzlers which they were producing 3 decades ago. Some people never change. Now you want the taxpayers to reward you for your rotten work and ethics! The land of the cowboys!
America ,that land of liberty, enterprising people and technology all was a bullshit hype and nothing else. Now you have turned to socialism! Coming back to Citi Corp and other banks, they committed a grave mistake and let them pay for it. Where is the justification for overpaying your top managements .Some of them earn excess of US$65 million per annum including all benefits. Now do you want the taxpayers to pay for it? The right step would have been to nationalize these banks and assets.
After the bailout the situation will not improve because financial wizards who commit perjury (they run the show behind the curtain) will benefit and pocket the major chunk of US$306 billion. Today America is indebted to the tune of US$56 trillion and that means US$240000 per house hold. I have no idea what the Americans are going to do about that. May be they will purposely go to war! Who knows!
The best solution would have been to let these giants die on their own resources and encourage small and middle level enterprises to come up. America! you need ideas and small enterprising companies for progress and not these giants. Its up to you how you can convince Mr.Obama about this issue.Good luck!

Job finding resources!

The job portals have become an effective tool for job hunting for the jobseekers as well as employers.More companies are screening candidates on the portals as compared to previous decade.Though Monster enjoys a unique position as an innovator and a cash rich sucess from the dot com era.Usually the jobseekers upload their CV's on these sites to be contacted by the HR companies and companies directly.Some of the sites do enjoy a niche status.However most of the job applications remain unseen in yahoo as per our experience.

General Purpose
CareerBuilder.com
CareerJournal.com
Craigslist.com
Indeed.com
Job.com
Monster.com
SimplyHired.com
Workopolis.com (Canada)
Yahoo! HotJobs

Niche - Career Field
CareerBank.com (accounting, finance)
ComputerJobs.com
Dice (IT jobs)
HealthEcareers Network

Niche - Industry
Absolutely Health Care
AllHealthcareJobs.com
Bio Space
Hcareers (hotels, hospitality)
HealthCareerWeb.com

Niche - Geography
JobCircle.com
Jobing.com

Niche - Affinity
CollegeRecruiter.com (new grads)
LatPro (Hispanic and bilingual)
VetJobs (military veterans)

Niche - Employment category
EmploymentGuide.com (hourly)
ExecuNet (senior level executive)
The Ladders.com (senior level executive)
Net-Temps (contract, temporary)
6FigureJobs (senior level executive)
SnagAJob.com (hourly)