Fact Of Greek Economic Crisis

Greek Tragedy

1) Total Greek debt 340 Bn Euro

Total Greek debt 340 Bn Euro = 31 0000 Per Person
Greece is about to get a second bail-out from the EU, aimed at helping pay its debts until 2014.
It also has to agree more cuts as part of the deal.

2) The economy

Value of Athens Stock Exchange Down By 77 %
43 % Un empolemnt amoung the 15-24 Years Old


The Greek economy is in dire straits. Retail sales have fallen 18% since 2008 and manufacturing output has dropped 30% in the same period.

3) Working population
3,0000 Euro Tax Evasion per peron annually
3150 Euro Goverment bowwing per person in 2010

Greeks retire on average at 61. Tax evasion is widespread. Until 2010, public sector workers received two months extra pay a year in bonuses


4) EU demands

50 BN Euro Value of Public assets to be sold off
1270 Euro spenidg cuts over next Five Years

To meet EU demands, Greece must sell 50bn euros-worth of public assets by 2014, equal to 20% of GDP. Public sector pay is being cut 15%

Keep Leading Without A Title

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Keep Leading Without A Title

All too often, we wait until ideal conditions appear before we show up at our best. We promise to display more initiative once we get the promotion, become a superb teammate once we get the raise and do world-class work once we receive the applause. But true leadership is about doing you’re absolute best under imperfect conditions. And leading where you are planted. An example.

On my last tour, the final event was in Bombay. Post-workshop, our CEO and myself went out for a meal in Hotel. The sun was shining, the food was pretty good, the service was fine. But it was the awesome display of one distinct Leader Without a Title that still resonates in my mind. And that I need to tell you about.

As I walked into the washroom, I was greeted by a young man with a 1000 watt smile. His job was clearly to keep the place clean. Some would call him a janitor. But to me, he viewed himself as an inventor… innovating and iterating within his sphere of responsibility.

“Welcome to my office,” he spoke, with a sparkle in his eyes. “It’s nice to have you visit.” His uniform was impeccable. His counters were immaculate. And his manners, superb. He could have made excuses to deny his enthusiasm. Could have complained about the base position, the lack of authority, the limited power. But he didn’t.

Instead, he assumed his power-to influence all those he met, to impact others by his excellent example, and to inspire all by transcending his conditions. This young man did his work like Rembrandt painted, Beckham bends the ball, like Colombus explored.

My true point? No job is just a job, unless it’s viewed as just a job. All work is a platform to express creative potential, offer value and make a unique contribution. But we each face a choice each day as we walk out into the world: we can play a victim or we can step up to leadership. And in this messy, disrupted world we now work within, leadership at every level has become the single best way to win.

Keep Leading Without A Title.

Thanks

Viral Pala

Ref : Rohit Sharma's blog

Easy Way To Fill up your IT Return Form

Friends If you want to fill up you IT return form without paying a single rupee then here is the way.



By using this you can fill ITR-1 and ITR-2 absolutely free
It is totally free and easy.

Trust me it is TOTALLY FREE AND EASY.

Five Simple steps for IT return

1) Go to http://www.investmentyogi.com/

2) Create account.

3) Fill up your details step by step.

4) And you will received your Income return form in your email. (You will get .PDF and XML format)

5) Print this form and submit it to Income Tax Office (attached your Pan Card copy).

So now stop paying to agent and enjoy with that Rupees.

If you like this article and you felt that it is help full to you then like it or send mail to viralpala@gmail.com

Thanks
Viral Pala

Non Clustered indexes per tabel

In Sql Server 2008 32 Bit addition ,following are the limit for Non Cluster Index and Cluster Index

Clustered indexes per table: 1

None clustered per table: 999

Nested sub queries: 32

Nested trigger levels: 32

Parameters per stored procedure: 2100

Parameters per user-defined function: 210

Reference:

http://msdn.microsoft.com/en-us/library/ms143432.aspx

JP Morgan and Silver

Did JP Morgan Jump or Were They Pushed?

Letter written by a now ex-employee of JP Morgan (info got from one blog)

According to Max Keiser and now a couple of other independent sources, it seems the reasons why first Bear Stearns and now JPM are so desperate to manipulate the price of silver down is due to the fact that BS and JPM shorted billions (yes billions not millions) in ounces of silver through their derivatives.

Just like Joe Conason at AIG, silver shorting through derivatives have caused literally billions in losses not the millions that we know about publicly. That is why JPM has been so desperate to manipulate the price of silver downward so blatantly. If I am right about this, then JPM will be dead when silver hits $60 or so. Based upon the COT and BPR, if silver hits $60, JPM will lose around an additional $6 billion dollars, a large number but not nearly large enough to bring down mighty JPM.

But what is not known is that due to the way that its derivatives are written, JPM's losses are exponentional once silver breaks $36 or so. Rumors has it that JPM could be losing as much as $40 billion once silver is above $50. It has something to do with how the derivatives are written with payment tied to the price of silver.

JPM's current short silver position is estimated to be approximately 150 million ounces down from the recent 180 million ounces in August. The losses from these positions are easy to figure out. For every $10 rise in the price of silver, JPM will lose $1.5 billion. But what I have recently discovered is that through its derivative positions, JPM will lose about 5 times that amount ounce the price of silver is above $36. And ounce silver is above $45 dollars, JPM's losses will increase to 8 times the amount of losses in their short positions. The reason is that as the price of silver increases, certain provisions get activated which multiplies the losses.

One reader asks the question why isnt the price of JPM going down to reflect the lossesd in silver. My answer is that the price of silver is not high enough to begin to trigger losses in their derivative positions. But once silver approaches this critical level say around $36, then you should begin to see the price of JPM stock begin to reflect these losses.

In fact, traders are saying that once the price of silver surpasses the stock price of JPM, then for every dollar the price of silver go up, JPM should lose around 70 cents or so. This means that if silver hits $60, JPM will be a single digit stock.

JPM market cap is around $170 billion. If silver losses are as great as $40 billion in cash , then JPM will be insolvent. Period.

Gold Vs Silver

Silver at gold's price

If you invest $ 1000 both in gold and silver, which will give you more return in coming years?

Gold? No,

It will be silver which will give you more returns? To know how, continue reading.

* Gold will reach $3000 in few years, analysts say. Silver also will reach $3000 in coming years, may be faster than gold.

* With $1000, you can purchase 0.75 ounce (at approximate current range of $1350) and you can purchase silver 38 ounces of silver.

* Now if both, gold and silver touches $3000 then your invest of $1000 in gold will rise to $2250 and the same investment in silver will rise to $114000.

* Now, why we think gold and silver will be available at same price, though currently gold is trading at 19 times to that of silver?

• Silver is used in industrial applications like electrical components, automotives, prescription eyeglasses, solar cells, algaecides, and pharmaceuticals and it is really consumed. Once used up, it has gone. While main use of gold is in jewellery and is not consumed, it only keeps on changing, it is not consumed.
• We are currently using silver every year at twice the rate it’s being produced. We are currently using about 900 million ounces of silver each year (Which is increasing every year), but the world is only producing around 480 million ounces per year. We have silver in the ground, which will be utilized in 15-20 years. At that time, we won’t have any silver, and demand will be huge enough to explode the prices.

Now what can stop this rocketing price….

• Technology changes every day. If we find any replacement for silver, demand for silver can be reduced. But it is difficult to find equivalent quality in other metals.
• At higher prices, industrial usage of silver may be limited.

provide your feed back....

20 TIPS FOR A POSITIVE NEW YEAR by Jon Gordon

20 TIPS FOR A POSITIVE NEW YEAR by Jon Gordon
1. Stay Positive. You can listen to the cynics and doubters and believe that success is impossible or you can know that with faith and an optimistic attitude all things are possible. (Positive Influence)

2. When you wake up in the morning complete the following statement: My purpose is_______________________. (Accountability)

3. Take a morning walk of gratitude. I call it a “thank you walk.” It will create a fertile mind ready for success. (Valuing Others, Communication, Teamwork)

4. Instead of being disappointed about where you are think optimistically about where you are going. (Vision)

5. Eat breakfast like a king, lunch like a prince and dinner like a college kid with a maxed out charge card. (Accountability – to your health!)

6. Remember that adversity is not a dead-end but a detour to a better outcome. (Courage, Adaptability)

7. Focus on learning, loving, growing and serving. (Teachability, Valuing Others, Servant Leadership!!)

8. Believe that everything happens for a reason and expect good things to come out of challenging experiences. (Positive Influence, Teachability)

9. Don't waste your precious energy on gossip, energy vampires, issues of the past, negative thoughts or things you cannot control. Instead invest your energy in the positive present moment. (Positive Influence, Integrity, Valuing Others)

10. Mentor someone and be mentored by someone. (Teachablity, Valuing Others, Humility)

11. Live with the 3 E's. Energy, Enthusiasm, Empathy. (Positive Influence)

12. Remember there’s no substitute for hard work. (Accountability)

13. Zoom Focus. Each day when you wake up in the morning ask: “What are the three most important things I need to do today that will help me create the success I desire?” Then tune out all the distractions and focus on these actions. (Accountability)

14. Implement the www.NoComplainingRule.com. Complaining is like vomiting. Afterwards you feel better but everyone around you feels sick. (Integrity, Communication)

15. Read more books than you did in 2010. I happen to know of a few good ones. :) (Teachability)

16. Get more sleep. You can’t replace sleep with a double latte. (Accountability, Valuing Others – the more rested I am, the better I will serve my team!)

17. Focus on “Get to” vs “Have to.” Each day focus on what you get to do, not what you have to do. Life is a gift not an obligation. (Humility, Positive Influence)

18. Each night before you go to bed complete the following statements: (Humility)

1. I am thankful for __________.

2. Today I accomplished____________.

19. Smile and laugh more. They are natural anti-depressants. (Positive Influence, Teamwork, Valuing Others)

20. Enjoy the ride. You only have one ride through life so make the most of it and enjoy it. (Being a Servant Leader!)