Kelley School of Business recently introduced in their executive education program, Second World, the online 3-D virtual world. So now the executives don’t have to travel to learn, they just have to log into the course with their Avatars and can earn a degree! This definitely would save the companies some Money!
Add comment February 23rd, 2009
He is the richest man in India, with a net worth of $20 Billion. He is the chairman, managing director and the largest shareholder of Reliance Industries, India’s largest private sector company. He is Mukesh Ambani. Since splitting with younger brother Anil in 2005 and taking control of $20 billion (revenues) Reliance Industries, founded by his late father Dhirubhai Ambani, his fortune has soared by $11 billion. Reliance Petroleum, the oil refining subsidiary of Reliance, in which Chevron has 5% stake, listed on May 2006. Betting $5.5 billion on retail ventures including Reliance Fresh, a chain of food stores; 60 are now open. Megaplans include $10 billion investment to develop special economic zones. Recently got board approval to hike personal stake in Reliance Industries from 44% to 48%.
Add comment June 17th, 2007
He is the fifth richest man in the world with a net worth of $32 billion. His company accounts for 10% of world’s production of steel. He is Lakshmi Mittal, the steel titan, who began his career working in his father’s steel making business in India and today is the chief executive of Arcelor-Mittal, a UK based company with $80 billion in sales. Not content to dominate the steel industry, Mittal is branching out. Among his latest deals: spent $980 million for a 50% stake in Kazakh oil firm Caspian Investment Resources, a subsidiary of Russia’s Lukoil. And last but not the least he is the richest man in the UK!
Add comment June 17th, 2007
Over the past few months, a lot has been said about the future of Social Security. And most of it is not very pleasant. Most of us are wondering whether we will be able to reap the benefits of our Social Security in our old age.
Reading an article recently I found some interesting information about Social Security, the present state and the future. Presently Social Security is taking in more money that it needs to pay the beneficiaries. This surplus is being delivered to the U.S. Department of Treasury, which in exchange gives the Social Security Administration an IOU in the form of special non negotiable bonds (at present there are $1.9 trillion worth of these bonds with the Dept of Treasury). So when the tax revenues going into the Social Security system start to fall short, the SS Administration will start cashing in the IOUs. The Treasury has already spent that money, so when the SS starts cashing in the IOUs, the Treasury will have to look for ways to raise the money- hike taxes, reduce spending on things like education, infrastructure.
Even though we will be able to reap the benefits of Social Security, we will be paying more taxes and getting worse services (education and infrastructure being a few).
But the Social Security system will be in trouble once the IOUs are redeemed. The system will then have a deficit and will have to reduce the benefits or increase the payroll taxes.
One solution to the problem as suggested in the article was to change the way the benefits are calculated. Instead of raising the benefits at the rate at which the wages are increasing, i.e 1-1.5% higher than the cost of living indexes, they should be raised by the increase in cost of living. This would always give you the same purchasing power. It will reduce the burden on the system and help get the system back on its feet.
Till a solution is put into place we can all hope that some day we will be able to reap the benefits of the Social Security tax we pay today.
1 comment June 9th, 2007
I have been in the US for about three years, and have been to 26 states. I dont consider myself an expert in travel advice, but from experience can suggest some places in the country that are worth seeing.
1. Goblin Valley, Utah. Its an amazing site! Wind and water have created mushroom like formations out of rocks. I was awed by the hundreds of fascinating creations spread over a vast expanse.
2. Mystery Spot, Santa Cruz, California. See the laws of physics being defied at this location. Going up the hill is easier than going down! My favorite was that when I was standing in the cottage at the mystery spot, I was actually standing at a 45 degree angle! Another thing was the fact that within the radius of the spot there were no trees, no birds, no animals.
3. Universal Studios, Orlando, Florida. For all those adventure park/movie addicts, this is a must. The shows are awesome, I really liked the one on Twister, Horror Show effects and makeup, and Shrek. I covered the two Universal parks in a day, so missed out on a lot of things in the studio. But what I saw was a great experience.
4. Pink Jeep Tour, Sedona, Arizona. Not only is Sedona a beutiful place, but it also offers the adventurous pink jeep tours. You sit in the jeeps and go down steep hills, uneven terrain and on the egde of some of the highest points in Sedona, from where all you can see is the valley floor miles below you. A great adventure activity.
Add comment January 16th, 2007
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