Sunday, September 28, 2008

Sorry Jesus....

The recent attack on churches of Christians all over India has made my heart heavy . This act is not less inhuman and barbaric than the bombing and killing of my fellow Indians all over India .Though the group responsible for the attack on the churches may site the reason of conversion as the main cause but the group who is responsible for the terror attacks also may site simillar reasons for their insanity .
Now Hinduism has always been the symbol of trust ,patience and sanity that comes from the inner self . Hindu says "NIJA SWARTHA PAIN JATA NUHE HINDU , PARA SWARTHA PAIN BALI DIA HINDU " A Hindu is never born for his self .He is there for the upliftment for his fellow men .Hinduism has been as symbolic as my India .Both have intermixing of cultures ,traditions and thinkings from various corners of the world .Hinduism symbols the Ganges which washes all the filth that comes its way . Hinduism symbols Lord Rama who strived for equality among all corners of society ( be it using banarsena or taking food from the lower caste woman ) . Hinduism symbols Lord Hanuman for perfect devotion . Hinduism ensembles within itself Gautam Budhaa , Mahavir Jain , Guru Nanak ,Khwaja Mainuddin Chisti ..
Then why a bunch of goondas will tarnish the centuries old tradition of Hiduism by raping and burning ladies in the name of anti-conversion .Is the so called devotee of Hanuman have forgotten the devotion of the Lord Hanuman himself for the mother Sita ...
Now comparing this with the islamic terrosrism that is prevalnt everywhere , I find each thing simillar .Because the idealism of both results in genocides .. and spreading of hatred ..
I have been brought up in a society where I have always admired Lord Jesus .And now from the core of my heart I am saying sorry to Jesus for all the sufferings his people have suffered .If we need laws for anti-terrorism then it has to ensemble all the miscreants of society ..be it Myself ..

Wednesday, September 24, 2008

Sub-prime crisis in my word

The world financial sector is under attack . No, it's not Osama .... it's Sub-prime ... Till now a million authors might have penned the topic in various forms .. still I dare to write something about it .. a potpourri of my learning ... 

The fed rate arrived at 1% , which in central bank parlance is effectively zero .The goal was to expand money supply and encourage borrowing , which would increase the spending , investing and consequently the economic growth .And that's what it happened during that time . The global economy expanded . 

The low borrowing rate attracted all those for whom having assets of their own was a distant dream .At the same time house prices soured, ultimately increasing additional appetite for credit . 

Now home-owners select a money lender who lends them the money after checking their credit-worthiness.After the loan is disbursed the money-lenders resell this investors or Wall Street firms , which are then converted to securities and then after assigning a risk rating upon them they are sold to institutional investors worldwide . 

Borrowers with a higher-than-average risk profile because of their low credit-worthiness are charged a higher interest for their loan .This is called sub-prime .Lenders lent deliberately knowing that there will be a default and they will get the return by selling the mortgage( provided the home price keeps on increasing  ). 

The securities were bought by the investment banks which in turn financed this by borrowing from the banks itself .Thus banks' action in passing risks to others ultimately came to them which led for denial of lending and hence liquidity crunch .At the same time the home rate dropped and the default in loan kept on increasing . 

Thus the spiralling effect continues to touch each and everyone who are engaged to the mortgage either directly or indirectly . And the devil hasn't stopped yet . A lot more to come ............. 

Saturday, September 13, 2008

Changemakers ...

Last 3 months I have been in a project where my job involvesd making our clients familliar with the new insurance system we have devloped.It was not for the first time they were exposed to IT .They have had their old system .Hence there was comparision every time .The resistance to change was there and that made our job more difficult .But as the days progressed they settled .But one thing I noticed , and that was the propensity to change was more in the ladies than gentlemen .. I thought for a while why this is like that .. and got an excellent reply .. Is it not that the woman is always designed to be more adapt to change .. when they leave their paternal home and come to their laws .. and is it not that they manage to play each change from daughter to wife to mother to a CEO quite handsomely .. hence the change can be more effective if it's done through the woman .. hence for me if their is a single solution or I would say a single medicine that could take away poverty , illiteracy , corruption , global warming and all problems of the world then that has to be "education for a girl " ....So when Barack Obama says that we need a bottom up change for everything .. then I would say for India the bottom has to be the empowerment and upliftment of woman through education ...