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Showing posts with the label money

Why rumors are a bad thing....

By now every ram, arun and vijay ( Indian versions of Tom, Dick and Harry ) where ever he is, would be quite aware of the financial "situation" in the world. So what happens when a big financial institution crashes..?? People fear that other institutions will collapse as well. In a financial setup, set backs are common when something major like this happens. But are all fears justified...? Definitely not.. Sometimes they just make matter worse. Like the rumor that a major Indian bank - ICICI - was doomed because they had invested in American banks. So what happened was that people began to rush to the banks and ATMs to withdraw their hard earned money..!! But the way a bank functions, its not possible to return everyone's money within a day..!!  NO bank can do that..!! Definitely not possible..! A bank doesn't keep all the money it collects from its customers, in their vaults. They circulate and invest it..! How else are they able to give you an interest on your dep...

The Good, Bad and Corrupt...

"Calvin : Do you believe in the devil? You know, a supreme evil being dedicated to the temptation, corruption, and destruction of man? Hobbes : I'm not sure that man needs the help ." With that, I am here again to talk about my second most favorite topic after global warming - and that is... corruption. Well, it came to my notice that there actually was a way to measure corruption. A relative measure of course. A Global Civil society organization called Transparency International had conducted a study and the results probably didn't surprise many. At least it didn't surprise me. Some may have gone into a denial mode, but in such things there can hardly be any argument. Talking about India in particular, it ranked at the 85th spot. I initially felt extremely happy, because my initial assumption was that we would be leading the list of the most corrupt, at least in the top ten. And now i saw that we were in the 85th...! I thought i owed all the politicians and bur...

From Shopping Frenzy To Burning Malls

Those living in Chennai would be very familiar with Ranganathan Street and its outrageous shopping crowds. I don't know about the others, but i simply hate those crowds over there...! I have never gone there to buy anything for myself. The only reason i go there is to buy some gift for some one's brother's or sister's wedding...!! Ah well... so its tough to move inch by inch in the swarming crowds, and then occasionally someone will shout in your ear, or step on your foot or brush their sweaty body against you... eeeww. I am always sacred of the possibility of someone sneezing at such close proximity to me..!! And if this wasn't enough, you have to be careful of your wallet, phone and other stuff in your pockets too...! Anyway, when i tell this to people, they say that I am being too snobby and that i should try to go along with the flow...! yeah right... Say what you want, but all this just sickens me..!! Though i didn't want to raise this, fearing some protest...