After Right to Food What Next ???!!!

Buoyed by the success of eradicating hunger from our country through the Food Security Ordinance, the government announced that it will now take on the scourge of homelessness that afflicts our citizens. The government announced a draft version of a bill which guarantees that all Indian citizens will get a roof over their heads. The Right to Housing Bill, as it is being called, calls for every middle class family to accommodate a minimum of 14 homeless people in their homes without compensation.

Announcing the measure at a press conference earlier today, the  Minister  said, “The Empowered Group of Ministers tasked with solving the problem of homelessness looked at it from all angles including factors such as total available residential area, demographics such as religion, caste, sub caste, secular status and ownership of cats. And they have come up with a holistic and innovative zero loss method of providing homes to the homeless,” leading to political pundits unanimously hailing it as the first known use of the expressions “holistic” and “zero loss” in the same sentence in the history of mankind.

Clarifying the reasoning behind the move, Minister added, “There are a couple of fundamental concepts that form the basis of this measure. The first is the notion that mere announcement of the right to ‘X’ has a magical way of making ‘X’ appear out of thin air. The second is that if an option to inflict severe pain on the middle class is available, the government must always exercise the option. We have taken these two epic concepts and mixed them up with caste and religion based quotas to achieve God level here.”

When prodded to elaborate, The Minister snapped, “Look, a lot of space is wasted by selfish middle class people who use homes as storage areas for their stuff. Tell me why middle class people need homes when they hardly spend any time there? They spend 13 hours in the office, another 3 hours on commuting on god awful roads through messy traffic and the rest of the time filling out income tax returns. They don’t even spend weekends at home. Instead, they go on road trips or to malls.. In the meanwhile, their homes have stuff and stay locked and unused. This is a scam of gigantic proportions which puts both 2G and Coalgate scams in the shade. Now, it is our responsibility as a government to question citizens on such dubious home ownership patterns which have led to much presumptive loss being incurred in buying assets and not using them in a profitable manner.”

Another Minister present at the press conference and observed going into paroxysms of ecstasy on hearing “presumptive loss,” vigorously defended his colleague saying, “The way this works, each middle class family will be forced to accommodate a minimum of 14 homeless people in their homes without compensation. If they don’t already own homes, they will be required to buy homes immediately and allow 14 homeless people to stay in them. The cool thing about this bill is that minorities,  are exempted from compliance . The Minister merely had this to say, “I’m incredibly jazzed that my re-definition of the word holistic to m ean I don’t know what the hell I’m talking about is being popularized by my colleague Minister. 

When quizzed about the impact of the measure on real estate prices, an exasperated The Minister quickly intervened and said “Obviously zero yaar. Zero. Zero. Zero. Everything is a bloody zero. How many times do I have to repeat this nonsense?”

Unconfirmed reports suggest that the government is working on an equally innovative “Right to Clothes” bill. According to sources, the bill will provide for any shirtless or dress-less person to legally and physically remove clothing of middle class people (with the exception of secularism certificate holders, minorities, OBCs and SC/STs) at any point in time and begin wearing it themselves with immediate effect !!!!  

Thank God !!!!…. At this hour Our  hero Anand  has got up from  his bed after a disturbed sleep in the night  dreaming about the Right to Housing Bill !!!!!

Now HE is praying to GOD   that his dream on the right to housing and right to clothing bills remain as dreams only !!!!   Let us also join him in his prayers…!!!!

We can only Pray … What to do !!!!!

natarajan

KYB…..Know Your Banker !!!!!

Smt and Shri.Anand  are sitting in a Bank branch in front of the Branch Manager . They are holding few forms of KYB… KNOW YOUR BANKER …

As per recent RBI and Banking Economic Regulatory Authority …BERA….  guidelines,   Every customer is required to know about his Banker in detail.

Hence the KYB fORM !!!!.

Branch Manager of the BANK SCANS THRO the blank form and says ” sir , lot of information is asked for in this form …both personal and official .. It will take time for me to fill up the form . I will get it done and handover to you tomorrow morning !!!”

” ok …no problem … but make sure you fill up all the columns and attach proof wherever it is mandatory as prescribed in KYB fORM ”
says Anand, the Customer…

Bank Manager again sees the form…. may be with little seriousness …. and surprised to note the following requirements !!!

1. your monthly salary income from Bank

2. Are you a Qualified Banker to handle and operate banking transactions ?

3 . If so, what is your educational qualification ….pl attach proof …Pl also note to produce the original certificate to
the customer for verification and return

4. what is your experience in this Bank ?….pl attach proof ….

5. Have you filed your Income Tax Returns for the last 3 years ?…. pl attach the copy of the returns filed

6. How many ATMS Your Bank is operating in your city ?

7.What is the customer base and strength of your Branch ?

8.What is the mode of your interaction with your customers ?

a. thro customer service cell operating from a different branch and city
b. thro sms and email from your side
c. thro regular Customer Meets

9. Are your mobile numbers and landline contact numbers available with your customers for speaking to you directly in case they need ?

10. Does your Branch display the Public notice Board inside the Branch giving the following inf. to customers..
a. Name of the Branch Manager or incharge
b. Contact Telephone No….Mobile as well as Landline
c. email id of the Branch Manager
d. Name and telephone no . of Customer Relation Officer of the Branch

11.Amount Of Deposits your Branch hold vis a vis the quantum of Loans and Advances your Branch disbursed in the last Financial year

12.Audit observations of your Internal Audit Team and Statutory Auditors on your Branch for the last 3 years … AND Action Taken Report [ATR] on it…. It is enough if you attach a copy of ATR.

13. A Certificate from the Branch Manager to the effect that all RBI Guidelines issued from time to time on Banking Operations are duly complied with by this Branch.

14. Photocopies of PAN Cards of all the Staff besides that of Branch Manager to be produced for verification of the customer..

15..Address Proof of the Branch Location , clearly indicating whether it is “own property ” or Rented premises.

” Are you still sleeping ?!!! Get up and get ready soon… Morning @ 11 , both of us are supposed to go go to our Bank for

verification of KYC Form AND other related formalities … Have you for gotten ?”…..This is Mrs.Anand !!!!!

” OMG…{.oh My God .}… it is all in my dream only !!!… whole night  i was thinking about KYC and designed a new form KYB!!!

..kNOW YOUR BANKER …. WHEN there is KYC , why not KYB ALSO !!!

Any Way, I am sure one day my format of KYB WILL Become a reality , …wait and see !!!” …This is Anand, …poor

man who lost his sleep over designing KYB Format !!!

Let us wait and see , whether KYB will also be introduced along with KYC !!!… The day , KYB Is in place, our hero ANAND WILL

be the happiest person to see that his dream becomes a reality ….

As of now, our Hero Anand is getting ready to go to his Bank Branch along with Mrs. Anand for KYC Verification !!!!

Let us all wish him the best of luck !!!

Natarajan

வறுமை கோடு …வெறும் வெறுமை கோடு !!!…

மத்திய அரசு வெளியிட்டுள்ள புள்ளிவிவரத்தின்படி, தமிழ்நாட்டில் வறுமைக் கோட்டுக்குக் கீழே வாழும் ஏழைகள் நூற்றுக்கு பதினோரு பேர் மட்டும்தான்; கிராமத்தில் ஏழைகள் விகிதம் நூற்றுக்கு 15 பேர் என்றால், நகரத்தில் 7 பேர்தான் ஏழைகள்!

டெண்டுல்கர் கணிப்புமுறையில், 2004-05-ஆம் ஆண்டில் இந்தியாவில் வறுமைக் கோட்டுக்குக் கீழே வாழ்ந்த ஏழைகள் எண்ணிக்கை 40 கோடி. 2011-12-ஆம் நிதியாண்டில் ஏழைகள் எண்ணிக்கை 27 கோடியாகக் குறைந்துவிட்டது; அதாவது 13 கோடி பேர் வறுமைக் கோட்டை தாண்டிக் குதித்துவிட்டார்கள்!

இந்தக் கணிப்புமுறையில், ஐந்து நபர்கள் உள்ள ஒரு குடும்பம், நகர்ப்புறத்தில் தலா ரூ.1,000 சம்பாதிக்கும் என்று வைத்துக் கொண்டால், (மாதம் ரூ.5,000) அவர்கள் வறுமைக் கோட்டைத் தாண்டிக் குதிக்கும் வல்லமை பெற்றுவிட்டார்கள் என்று பொருள். கிராமப்புறங்களில் தலா ரூ.816 சம்பாதிக்கும் குடும்பம் (மாதம் ரூ.4,080), ஏழைக் குடும்பம் என்ற நிலையிலிருந்து விடுபட்டுவிடுகிறது.

இந்தக் கணக்கீடு தனிநபர் நுகர்வுத் திறன் அடிப்படையிலானவை. இந்த நுகர்வுப் பொருள் என்பது பெரும்பாலும் அடிப்படை உணவுப் பொருளாகப் பட்டியலிடப்பட்டு, அவற்றை வாங்கும் சக்தி உள்ளவர்களை ஏழையர் பட்டியலில் இருந்து நீக்கி – அல்லது மேலுக்கு உயர்த்தி – விடுவதுதான் இந்த கணக்கீடுகளின் வேலையாக இருக்கிறது.

டெண்டுல்கர் கணிப்புமுறை சரியல்ல என்று பல தரப்பிலும் கருத்து கூறப்பட்டு, ரங்கராஜன் தலைமையிலான ஒரு குழுவை திட்டக் கமிஷன் நியமித்துள்ள நிலையில், அந்தக் கமிஷன் 2014-ஆம் ஆண்டின் இடைப்பட்ட காலத்தில் (ஒருவேளை மக்களவைத் தேர்தல் முடிந்த பிறகு) தனது கணிப்புமுறை ஆலோசனைகளை வழங்கும் என்று எதிர்பார்க்கப்படும் வேளையில், இவ்வாறு ஓர் அறிக்கையை மத்திய அரசு வெளியிடுவதன் நோக்கம் தங்களது ஆட்சிக் காலத்தில் விலைவாசி உயர்வு, நாணய மதிப்புக் குறைவு, வேலையில்லாத் திண்டாட்ட அதிகரிப்பு, நிதி நெருக்கடி போன்ற பிரச்னைகளுக்கு நடுவிலும் வறுமை ஒழிக்கப்பட்டிருக்கிறது என்கிற மாயத் தோற்றத்தை ஏற்படுத்தத்தான் என்று தோன்றுகிறது.

இந்தியாவில் மூன்றுவேளை உணவு உண்பவன் ஏழை கிடையாது என்பதுதான் அடிப்படை கணிப்புமுறை என்றால், பிச்சைக்காரர்களில் பலரும்கூட வறுமைக்கோட்டைத் தாண்டி அப்பால் விழுந்துவிடுவார்கள். இந்தியாவில் ஏழ்மை என்பதை இன்றைய தேதியில் வெறும் நுகர்வுப்பொருள் தொடர்புடையதாகக் காண்பது சரியல்ல.

தமிழ்நாட்டைப் பொருத்தவரை குடும்ப அட்டைக்கு 20 கிலோ அரிசி இலவசமாக அளிக்கப்படுகிறது. சென்ற ஆட்சியில் “இலவச’ டி.வி. என்றால், இந்த ஆட்சியில் “விலையில்லா’ மிக்ஸி, கிரைண்டர், ஆடு, மாடு எல்லாமும் கொடுக்கப்படுகிறது. “குடிசைகளுக்கு ஒரு விளக்கு’ திட்டத்தில் 99 சதவீத வீடுகள் மின்வெளிச்சம் பெற்றுவிட்டன. டி.வி. ஒடிக்கொண்டே இருக்கிறது. ஆண்டுதோறும் இலவச வேட்டி, சேலையை அரசு வழங்குகிறது. ஒவ்வொரு குடும்பத்துக்கும் அடிப்படைத் தேவைகளை அரசே வழங்கிவிடுவதால் தமிழ்நாட்டில் ஏழைகளே இல்லை என்று சொன்னால் அது “கேப்பையில் நெய் வடிகிறது!’ கூற்றையொத்த நகைப்புக்குரிய கணிப்பாகத்தான் இருக்கும்.

மதுபான விற்பனைக் கணக்கின்படி, ஒவ்வொரு தமிழனும் நாள்தோறும் சராசரியாக ஒரு “குவார்ட்டர்’ வாங்குதிறன் பெற்றுள்ளார் என்பதற்காக, தமிழர்கள் அனைவரையும் வறுமைக் கோட்டுக்கு மேலாகத் தூக்கி நிறுத்திவிடமுடியுமா என்ன?

நகரத்தில் ரூ.5,000-க்கு அதிகமாக சம்பாதிக்கும் 5 பேர் கொண்ட குடும்பம் வறுமைக் கோட்டுக்குள் வராது. டெண்டுல்கர் கணிப்புமுறை அதைத்தான் நிறுவுகிறது. அப்படியானால் 5 பேரும் வேலை செய்கிறார்கள் என்று கருதத் தேவையில்லை, இது சராசரிதான் எனப்படுகிறது. இருப்பினும்கூட, ஒரு குடும்பத் தலைவன், தலைவி இருவர் மட்டுமே வேலைசெய்து, நகர்ப்புறத்தில் மாதம் ரூ.15,000 சம்பாதித்தாலும் (நகரப்புறத்தில் ஒரு சித்தாள் கூலி நாளுக்கு ரூ.300) குடும்பத்தை நடத்த முடியாத சூழ்நிலைக்குக் காரணமாக இருப்பது எதுவோ அதுதான் ஏழ்மையாக இருக்க முடியும்.

அரசுப் பள்ளியில் பெரும்பாலும் தரமான கல்வியில்லை என்று தெரிந்திருந்தும் ஒருவேளை மதிய உணவுக்காகக் குழந்தைகளை அரசுப் பள்ளிக்கு அனுப்பும் குடும்பங்கள் – நகரம் என்றாலும் கிராமம் என்றாலும் – அனைத்துமே ஏழைக் குடும்பங்கள்தானே?

எந்த நகரத்தில் வீட்டு வாடகை – அது குடிசை என்றாலும்கூட – ரூ.2,000க்குக் குறைவாக இருக்கிறது? நகரத்தின் பாலங்களுக்கு அடியிலும், நடைபாதையிலும் படுத்துறங்குபவர்களை விடுங்கள். மாதம் 3,000 ரூபாய் கொடுத்து நாற்றமடிக்கும் கூவத்தின் கரையில் குடிசைகளிலும், தாற்காலிகக் கட்டடங்களிலும் வசிப்பவர்களை வறுமைக் கோட்டுக்கு மேலே உள்ளவர்களாகக் கருத முடியுமா என்ன?

என்னதான் சேவையுணர்வுடனான சிகிச்சையோ, சுகாதாரமான சூழலோ, தரமான மருந்துகளோ இல்லாமல் போனாலும்கூட வேறு போக்கிடம் இல்லாமல், அரசு மருத்துவமனைக்கு வந்து சிகிச்சைபெறும் அனைத்துக் குடும்பங்களும் ஏழைகள் அல்லாமல் வேறென்ன?

கழுதையைக் குதிரை என்று அழைப்பதால் அது குதிரையாகிவிடாது. பூனை கண்ணை மூடிக் கொண்டால் உலகம் இருண்டு விடாது. ஏழ்மையை ஒழிக்கத் தெரியவில்லை. ஏழைக்கான இலக்கணத்தை மாற்றி எழுத நினைக்கிறார்கள் மேதாவிகள்.

வறுமைக் கோடென்ன கரும்பலகைச் சாக்பீஸ் கோடா, நினைத்தால் வரையவும், தேவைப்பட்டால் அழிக்கவும் செய்வதற்கு? புள்ளிவிவரங்கள் கிடக்கட்டும். வாக்குகள் விலைபேசப்பட முடியாத நிலைமை ஏற்பட்டால் மட்டுமே, வறுமை ஒழிந்ததாக ஏற்றுக் கொள்ள முடியும்!

 

source :::::DinaMani  Tamil Daily

natarajan

Detroit …..Then and Now !!!

In its heyday, Detroit was a bustling city. The population spiked from just over 285,000 in 1900 to over 1.5 million by 1930.

In its heyday, Detroit was a bustling city. The population spiked from just over 285,000 in 1900 to over 1.5 million by 1930.

  • The legendary Hotel Pontchartrain had a reputation for luxury. It hosted several presidents, and auto industry executives were known to conduct business in the hotel bar.
Detroit

In the early 1900s, Detroit became the automotive capital of the world. Henry Ford founded Ford Motor Company in 1903, and the Dodge brothers and Chrysler also did business in Detroit.

In the early 1900s, Detroit became the automotive capital of the world. Henry Ford founded Ford Motor Company in 1903, and the Dodge brothers and Chrysler also did business in Detroit.

New residents flooded the city as demand for labor rose. And unions hugely improved working conditions for these workers, giving them 8-hour workdays and a minimum wage.

New residents flooded the city as demand for labor rose. And unions hugely improved working conditions for these workers, giving them 8-hour workdays and a minimum wage.

With the population boom came a thriving arts and culture scene. One of the top destinations in old-time Detroit was the Detroit Opera House.

With the population boom came a thriving arts and culture scene. One of the top destinations in old-time Detroit was the Detroit Opera House.

Detroit wasn't all about the auto industry. The Detroit River was a major hub for cargo shipping and passenger transport throughout the Great Lakes region.

Detroit wasn’t all about the auto industry. The Detroit River was a major hub for cargo shipping and passenger transport throughout the Great Lakes region Other big industries included stoves, ships, cigars, pharmaceuticals, beer, and rail car

Even if Detroit's winters were harsh, the scenery was beautiful.

Even if Detroit’s winters were harsh, the scenery was beautiful.

STATUS OF DETROIT TODAY ….

Detroit’s median home sale price is around $25,200, which is a huge jump from earlier in the year, when rock bottom was at $17,000 (though way down from its 2006 peak of $83,00).

But you can buy a house for cheaper than that. A ton cheaper, in fact.

Wayne County treasury officials are going door-to-door striking controversial deals with whomever is living inside about 1,500 of the more than 6,000 tax-foreclosed properties, according to Christine MacDonald of The Detroit News.

Even though last year’s unpaid property taxes total $17.6 million, the city says it prefers occupied homes to unsold lots and is willing to sell the properties for as little as $500.

The county treasury hasn’t made the list of properties available to the public yet since it’s attempting to first visit a majority of the homes that it believes to be occupied, MacDonald says.

In the meantime, we found at least 13 homes (and one retail space) that you can buy for less than $100. With some deals in the single digits, we posit that these are some of the cheapest houses you can find in America.

A 3-bedroom brick bungalow on Indiana St.

Price: $1

Square feet: 1,434

Zillow estimates this home’s worth at $24,600. The price was reduced $49 last December. The single family home also has a full basement.

A single family 3-bedroom on Garland St.

Price: $1

Square feet: 1,244

Zillow estimates this home’s worth at $28,800. It features a large living room and a one-car garage.

A single family 3-bedroom home on Hartford St.

Price: $1

Square feet: 859

Zillow estimates this home’s worth at $22,200.

A severely fire-damaged 3-bedroom ranch on Parkside St.

Price: $1

Square feet: 704

Zillow estimates this home’s worth at $23,700. This house last sold in July 2003 for $20,000.

A single family two-bedroom on Forestlawn St.

Price: $25

Square feet: 1,200

Zillow estimates this home’s worth at $25,000. It was recently listed.

A fire-damaged brick apartment on Nottingham Rd.

Price: $25

Square feet: 1,755

This house last sold in October 2008 for $12,000. The price has increased $1 since Dec. 16, 2011.

A fire-damaged 2-bedroom home on Virgil St.

Price: $50

Square feet: 900

A fire-damaged ranch-style home on Rockdale St.

Price: $50

Square feet: 695

A fire-damaged brick bungalow on Glenwood St.

Price: $75

Square feet: 862

A 3-bedroom home on West Chicago St.

Price: $50

Square feet: 972

A 3-bedroom home on Evanston St.

Price: $75

Square feet: 1,081

A single family fire-damaged home on Springwells St.

Price: $94

Square feet: 1,104

Zillow estimates this home’s worth at $37,700. This house last sold in July 2006 for $110,00.

BONUS: Retail space on Michigan Ave next to an oil change station

Price: $14

Square feet: 3,000

Zillow estimates this property’s worth at $175,600. It was recently listed.


SOURCE::::: BUSINESSINSIDER.COM

natarajan


Read more: 
http://www.businessinsider.com/detroit-houses-for-1-dollar-2012-2?op=1#ixzz2ZgDA0lJ9

Just For Laugh !!!…”Army To Rescue The Indian Rupee From Disaster Site ” !!!

Latest reports coming from various cantonments suggest that the soldiers in Indian Army have been asked to study textbooks on economics, finance, markets, etc. because they could soon be called in to take control of the Indian economy.

“The immediate task could be to rescue the falling rupee, though we are yet to be officially communicated,” an army spokesperson told Faking News.
Army is usually called in when civilian efforts fail or a natural disaster strikes. The government is sure that the current economic crisis falls in one of these categories, but not sure which one.
Citizens are wary of the move, but they think the situation can’t get worse.
However, sources in the government confirm that the government is sure that it would need army’s help in getting the economy back on track as most of its other attempts appear to be bearing no fruit.
“The phrase ‘Army called in’ appears to enthuse more confidence in people than phrases like ‘Government assures’, ‘RBI announces’, ‘Don’t buy Gold’ etc. so we thought we could try this trick as well,” a source in the Finance Ministry explained.
“No, no, we are not imposing army rule over the nation by calling the army to help us with economics. We’d continue to be a democratic country and lathicharge those protesting this move,” a government source clarified.
Experts too believe that such a step could prove to be more effective than other steps taken by the government.
“To be fair, the government did try to think out of box. The Finance Minister tried to change the behavior of people (by  asking them not to buy gold) to impact the market conditions instead taking the usual approach of changing the market conditions to impact the behavior of people,” an expert pointed out.
“Even the  upgrade by Fitch last week didn’t seem to have helped the sentiments, so maybe ‘Army called in’ could help,” the experts added.
Back in the cantonments, army men are trying their best.
“It’s all very confusing, now I know why our Prime Minister appears so lost and spaced out,” Lance Naik Ram Bahadur Singh said after his fifth Economics class in the last two day!!!!!!
source:::::unknown ….input from a friend of mine
natarajan

Detroit , Once The Seat of ” Auto Power” , is Bankrupt Today !!!

The BBC’s Samira Hussain explains why Detroit has racked up such big debts

Detroit has become the largest US city ever to file for bankruptcy, with debts of at least $15bn (£10bn).

The city, once a symbol of US industrial power, is seeking protection from creditors who include public-sector workers and their pension funds.

Detroit has faced decades of problems linked to the decline of its industry.

The BBC’s Jonny Dymond in Washington says public services are in a state of near collapse and around 70,000 properties lie abandoned.

However, Mayor Dave Bing has vowed that public services will keep running and wages for public workers will be paid.

On Thursday, Michigan state-appointed emergency manager Kevyn Orr asked a federal judge to place the city into bankruptcy protection.

If it is approved, he would be allowed to liquidate city assets to satisfy creditors and pensions.

Detroit – known as Motor City for its once-thriving automobile industry – stopped unsecured-debt payments last month to keep the city running as Mr Orr negotiated with creditors.

He proposed a deal last month in which creditors would accept 10 cents for every dollar they were owed.

But two pension funds representing retired city workers resisted the plan. Thursday’s bankruptcy filing comes days ahead of a hearing that would have tried to stop the city from making such a move.


Detroit’s fall is complete. It is a depressing, if inevitable, end to a grotesque saga of decline, corruption and mismanagement. The irony is that the bankruptcy comes just as the private sector is picking up in Motor City. There is a buzz downtown, with commercial and residential occupancy at record levels.But public services are in a state of near collapse. Around 70,000 properties lie abandoned. Great swathes of the city need to be written off. For some, the announcement will come as some kind of relief. When I was last there business leaders told me that some kind of decision had to be taken about the city’s future – that agonising limbo was unsustainable.

The problem now is not just image. Bankruptcy looks bad. But Detroit is already a poster child for urban failure. Nor is it just about being locked out of capital markets – few would lend to the city anyway. But bankruptcy could take years to sort out, when Detroit’s real world problems need urgent remedies

Mr Orr suggested at the time there was a 50-50 chance of the city needing to file for bankruptcy. He also said the city’s long-term debt could be between $17bn and $20bn.

‘Only alternative’

At a press briefing on Thursday, Mr Orr said filing for bankruptcy was the “first step toward restoring the city”.

Alongside him, Detroit Mayor Dave Bing said that residents had to make a new start.

“I really didn’t want to go in this direction – but now that we are here, we have to make the best of it,” Mr Bing said.

The mayor also assured residents that the city would stay open and bills would be paid despite the filing.

“Paychecks for our city employees will continue, services will continue,” he said.

In a letter accompanying Thursday’s filing, Michigan’s Governor Rick Snyder, a Republican, said he had approved the request from Mr Orr to file for Chapter 9 bankruptcy.

“Only one feasible path offers a way out,” Gov Snyder said, adding that residents needed a clear exit from the “cycle of ever decreasing services”.

“The only way to do those things is to radically restructure the city and allow it to reinvent itself without the burden of impossible obligations.

Detroit’s mayor Dave Bing: “I really didn’t want to go in this direction, but now that we are here we have to make the best of it”

“It is clear that the financial emergency in Detroit cannot be successfully addressed outside of such a filing, and it is the only reasonable alternative that is available”.

Meanwhile, the White House said it was closely monitoring developments in Detroit.

“While leaders on the ground in Michigan and the city’s creditors understand that they must find a solution to Detroit’s serious financial challenge, we remain committed to continuing our strong partnership with Detroit as it works to recover and revitalise and maintain its status as one of America’s great cities,” said White House spokeswoman Amy Brundage.

Analysts say there are some concerns that businesses might ditch their operations in Detroit.

But, in the wake of the filing, US car company General Motors said it did not expect any impact on its operations, and hoped it would mark a “clean start” for Detroit.

Detroit in decline

  • Population has shrunk from a peak of 2 million in the 1950s to 713,000 today
  • Highest violent crime rate of any major US city, with 15,245 reported incidents in 2011
  • Some 78,000 abandoned and blighted buildings
  • 40% of street lights do not work
  • Only a third of the city’s ambulances are in service
  • Just 53% of owners paid their 2011 property taxes

Source: City of Detroit Proposal for Creditors

“GM is proud to call Detroit home and today’s bankruptcy declaration is a day that we and others hoped would not come,” the company said.

The city, once renowned as a manufacturing powerhouse, has struggled with its finances for some time, driven by a number of factors, including a steep population loss.

The murder rate is at a 40-year high and only one third of its ambulances were in service in early 2013.

Declining investment in street lights and emergency services have made it difficult to police the city.

And Detroit’s government has been hit by a string of corruption scandals over the years.

Between 2000-10, the number of residents declined by 250,000 as residents moved away.

Detroit is only the latest US city to file for bankruptcy in recent years.

In 2012, three California cities – Stockton, Mammoth Lakes and San Bernardino – took the step.

In 2011, Harrisburg, Pennsylvania tried to file for bankruptcy but the move was ruled illegal.

But Thursday’s move in Detroit is significantly larger than any of the earlier filings.

source:::::bbc.com

natarajan

Success Story Of Turkish Airlines with Simple Planning !!!

Turkish Airlines is dominating in its field.

turkish airlines cartoon

 

In an industry where making money is insanely hard, the airline’s operating profit nearly tripled in 2012 (after dropping in 2010 and 2011).

One of the world’s fastest growing airlines, it’s adding destinations and buying planes at a rapid pace.

And it’s collecting tons of awards, including the Skytrax award for “Best Airline in Europe,” announced at the Paris Air Show in June.

In an interview, Turkish Airlines CEO Dr. Temel Kotil said his company excels by offering top of the line service, but also benefits from its geographical position.

“We are in the center,” he explained, which makes it easy to connect growing markets in Asia, Africa, and the Middle East with established areas like Europe.

It helps that passenger numbers in Turkey alone are up 16.7% year-over-year — a rate topped only by Indonesia (18.2%) and Thailand (17.7%), according to new stats from the International Air Transport Association (IATA).

Asked how the carrier plans to continue that pace of growth, Kotil said it was focused on adding destinations. Turkish Airlines already reaches more than 230 airports in 103 countries. Since May 20, it has issued ten different press releases announcing new destinations.

 

Turkish Airlines ceo temel kotilTurkish Airlines CEO Dr. Temel Kotil has big plans for growth.

“Of course we’ll keep on growing,” Kotil said, suggesting the addition of another 100 locations in the next decade, or less. “We are very aggressive in going different places.”

 

Along with more destinations come more airplanes. Today, the carrier has 228 aircraft in its employ — “still not enough,” Kotil said.

That will nearly double by 2020, to 415 planes, according to Kotil. The current fleet is mostly narrowbody (single aisle) aircraft, and the airline would consider ordering bigger, more advanced aircraft like the Boeing 787 Dreamliner and Airbus A350, which tout fuel efficiency as a key feature.

While Kotil acknowledged the high cost of fuel (which accounted for 33% of global airline operating costs in 2012), he said that adding capacity to meet demand is more important for now than buying more economical planes.

“It’s okay whatever you have,” he said.
source :::::businessinsider.com

natarajan
Read more: http://www.businessinsider.com/turkish-airlines-growth-plan-2013-7#ixzz2ZHgueLyU

The Great Indian Rope Trick and Other Illusions of Progress !!!!

Rajeev Srinivasan on how Indians are satisfied with illusions, not reality :::

source ::::rediff.com

natarajan

Indians live in a state of illusion: they believe there is progress, there is a democracy, and that the State is a benign mai-baapnanny State. It turns out that they are wrong on all counts, but apparently this political and economic theatre is quite enough as anodyne for the long-suffering ordinary Indian.

I was impelled to write this after reading ‘The Great Indian Rupee Trick’ by Krishnara at and a piece in The Economist magazine of June 13, 2011 (Big Mac index: Value Meal). Although the two disagree — the former suggests the rupee has a long way left to fall, while the latter suggests that the rupee is the most undervalued currency around right now — it is a tribute to the fecklessness of the Indian government that the rupee has tumbled so far so fast (from around $1=Rs 45 in 2011 to $1=Rs 61 now, some 30 percent).

I also happened to leaf through an old issue of National Geographic from 1988 with a story on Kerala, and it mentioned that $1=Rs 12 at that time. Thus, the rupee has, in about 25 years, lost 80 percent of its value, and quite a bit of that in the last few years (mostly coinciding with UPA 2). In simple terms, the fall of the Indian rupee reflects the lack of competitiveness of the Indian economy.

The dramatic increase in the current account deficit suggests the same thing: that there is little India makes that foreigners want; whereas Indians want to import a lot of things others make. It was blithely predicted by India’s mandarins that the rupee’s fall would lead to a surge in its exports, but on the contrary, India’s exports have actually shrunk by 4.6 percent year to year.

We don’t need to go far to understand why this has happened: it is because of pure economic mismanagement. The immense potential of the country and its people has been wasted — a colossal crime against the people and indeed against humanity, which has prevented half a billion people from clawing their way out of poverty.

Why have Indians allowed a clutch of clever political entrepreneurs to do this to them? It must be because Indians are satisfied with delusion (is that why Bollywood is so big?). They are happy with the illusion of progress; they are happy to have the illusion of a democratic republic; they are happy to have the illusion that our wretched are being looked after. In fact none of these is true, but they happily suspend their disbelief. They live in a make-believe world.

The fact is that India is falling further and further behind the rest of the world. Half the world’s poor, half the world’s blind, half the world’s sick and malnourished, are in India. Things are not getting better; they are getting worse by the day. India is regressing rapidly.

Remember how India was compared to China and other developing nations, courtesy Goldman Sachs and the convenient BRIC (Brazil, Russia, India, China) epithet? But have you noticed that these days India is increasingly bracketed with Africa — and sometimes contrasted negatively with sub-Saharan Africa, for instance in malnourishment — as the last reservoir of the world’s miseries? China appears to have decisively trounced India in the race for growth and prosperity.

There is, some argue, the effect of democracy, as though there were a democracy penalty. But this is absurd, because India is not a democracy. It is a hereditary feudal monarchy with a large set of court jesters and other hangers-on. Parliament is a chimera, or at best a smokescreen. There are what look like elections, what looks like an assertion of the people’s will. But this is a hugely expensive, elaborate charade like the Potemkin villages of Tsarist Russia.

In fact, Parliament is merely a place to park the hereditary scions of the ruling castes. Patrick French’s 2011 research (‘The Princely State of India‘, in Outlook magazine, January 17, 2011) showed that 100 percent of the Congress party’s members below the age of 35 were sons or daughters of some senior party person.

Furthermore, Parliament is just a rubber stamp. There is the gigantic Food Security Bill, which will add many a billion dollars to the nation’s budget deficit. It was enacted not after parliamentary debate, but as an ordinance, or executive order.

Similarly, a few years ago, the ‘nuclear deal’ with the US was signed by the executive without ever informing Parliament about how much was being given up in national security in return for virtually nothing.

Therefore, the Indian Parliament is merely ornamental, and a playground for the children of political bigwigs. But Indians are under the comfortable illusion that they live in a parliamentary democracy. Yes, that and ten rupees will get them a cup of coffee.

Then there is the fantasy that the Indian State is benign. And that it looks after its poorest and worst-off. Which is the alleged reason that the unelected National Advisory Council (a truly motley crew) has rammed through various hare-brained schemes such as National Rural Employment Guarantee Act, Right to Education, and the latest turkey, FSB. And what is the reality with all this spending — which amounts to hundreds of billions of dollars? The Indian State is actually a predatory State, the direct descendant of the colonial construct intended to loot and pillage.

In a March 23, 2011, article titled ‘India can’t fumble its ‘food right’ plan‘, the Wall Street Journal noted that, according to theGlobal Hunger Index, India is in the category of ‘alarming’ along with Haiti, Bangladesh, Sudan, Cambodia and Nepal. This is worse than war-ravaged Afghanistan and Iraq. The only countries were hunger is worse than India are: war-torn Congo, Haiti and Bangladesh.

Even worse, reporting on a study in the British medical journal LancetThe Economist pointed out in February 7, 2011 (‘Global Obesity: An expanding world. How men’s waistlines have grown since 1980‘) that there are only three countries in the world where people have grown thinner in the recent past (ie. 1980-2008): Afghanistan, Congo and India! That means malnutrition is endemic in India, while much of the rest of the world struggles with obesity. (Note that Congo and Afghanistan are wretched, war-torn States).

A more recent update is even more damning. Quoting the Asian Development Bank, The Economist of July 6, 2013 (‘Widefare‘) points out that of all the welfare states in Asia, India’s is the worst-performing: it has neither depth nor breadth. That is, neither is the alleged welfare net reaching a large proportion of the people, nor is the per-person welfare amount high. Even Pakistan manages to give its welfare recipients more.

So this is the reality of the welfare State: yet another figment of your imagination.

I will close with a final illusion: that of toilets in trains. Even in higher-class compartments, if you use the stinking toilets, you will notice that there is no way you can clean your bottom with dignity. There is a chained mug and a faucet, thus giving you the idea that you can wash yourself. Much of the time, there is no water. The rest of the time, you are frustrated because the chain is just slightly too short — there is no way you can wash yourself without twisting yourself into contortions, or without spilling soiled water all over the toilet floor.

The bureaucrat who specified the length of that chain — just three inches too short — is a perfect metaphor for India’s ruling classes. They have no interest in your welfare, only in giving you the frustrating impression that you can actually accomplish something, which of course you cannot.

All hyperlinks in the story are external links

 A thought provoking article by Rajeev Sreenivasan in rediff.com 

R I P….Dear Telegram ….

The 163-year old telegram service in the country — the harbinger of good and bad news for generations of Indians — is dead.

Once the fastest means of communication for millions of people, the humble telegram was on Sunday buried without any requiem but for the promise of preserving the last telegram as a museum piece.

Nudged out by technology — SMS, emails, mobile phones — the iconic service gradually faded into oblivion with less and less people taking recourse to it.

Started in 1850 on an experimental basis between Kolkata and DiamondHarbour, it was opened for use by the British East India Company the following year.

In 1854, the service was made available to the public.

It was such an important mode of communication in those days that revolutionaries fighting for the country’s independence used to cut the telegram lines to stop the British from communicating.

Old timers recall that receiving a telegram would be an event itself and the messages were normally opened with a sense of trepidation as people feared for the welfare of their near and dear ones.

For jawans and armed forces seeking leave or waiting for transfer or joining reports, it was a quick and handy mode of communication.

Lawyers vouched for the telegrams as they were registered under the Indian Evidence Act and known for their credibility when presented in court.


Bollywood was not to be left behind and immortalised the service with many sudden turns in films being announced by the advent of the taar.

Pockets of rural India still use the service but with the advent of technology and newer means of communication , the Telegram found itself edged out.

“The service will start at 8 am and close by 9 pm on Sunday  JULY 14 night,” BSNL CMD R K Upadhyay told PTI.

“The service will not be available from Monday.”   JULY 15

State-run telecom firm BSNL had decided to discontinue telegrams following a huge shortfall in revenue.

The service generated about Rs 75 lakh annually, compared with the cost of over Rs 100 crore to run and manage it.

Telecom and IT Minister Kapil Sibal had said last month that

“We will bid it a very warm farewell and may be the last telegram sent should be a museum piece. That’s the way in which we can bid it a warm farewell.”

There are about 75 telegram centres in the country, with less than 1,000 employees to manage them.

BSNL will absorb these employees and deploy them to manage mobile services, landline telephony and broadband services.

source:::::rediff.com

natarajan

 


 

 

 

 

Solve This Math. Problem!!! And Claim $1 Million from Texas Banker !!!!

Texas banker and self-taught mathematician D. Andrew Beal has increased the cash prize for proving a conjecture he discovered in 1993, the Associated Press reported.

Held by the American Mathematical Society, the $1,000,000 cash prize goes to the first to prove the Beal Conjecture, an offshoot of the legendary Fermat’s Last Theorem proof that was solved by Andrew Wiles in 1994.

Here’s the problem that can make you rich.

beal's conjecture

Fermat’s Last Theorem went unsolved for hundreds of years. It said that no three positive integers a, b and c can satisfy

ax + bx = cx 

when integer x is greater than two. While this may seem somewhat simple, and if you play around with it it becomes self-evident, it’s a complete pain to prove.

Andy Beal had been working on Fermat’s Last Theorem when he stumbled upon a different problem. At the time, he was using computers to look at similar equations with different exponents.

Beal’s Conjecture is related. If a, b, c, x, y, and z are all positive integers and x, y, z are greater than two,

ax + by = cz

is only possible when a, b and c have a common prime factor.

Beal found during his computations that the only solutions to the equation were when a, b and c had a common factor  — like how 8, 6 and 10 all have a common factor of 2 — so he contacted folks in academia to confirm that the problem was new, then set up a prize with the AMS for the person who proves his conjecture.

So, if you find a proof or counterexample to Beal’s Conjecture that gets approved by the AMS-appointed committee and gets into a journal, you get a million bucks.

Click here to see the terms of the prize >

source:::::businessinsider.com

Natarajan

Read more: http://www.businessinsider.com/beale-conjecture-1-million-dollar-prize-2013-6#ixzz2VSDh2GMl