E-gyan

Story of Poison | Positive Attitude | Eyes are important | Leadership Lessons from Lagaan

Article to know about the sub-prime crisis | Good Thoughts | Made in China

Story of Poison

A long time ago, a girl named Li-Li got married and went to live with her husband and mother-in-law. In a very short time, Li-Li found that she couldn't get along with her mother-in-law at all. Their personalities were very different, and Li-Li was angered by many of her mother-in-law's habits. In addition, she criticized Li-Li constantly.

Days passed days, and weeks passed weeks. Li-Li and her mother-in-law never stopped arguing and fighting. But what made the situation even worse was that, according to ancient Chinese tradition, Li-Li had to bow to her mother-in-law and obey her every wish. All the anger and unhappiness in the house was causing the poor husband great distress.

Finally, Li-Li could not stand her mother-in-law's bad temper and dictatorship any longer, and she decided to do something about it.

Li-Li went to see her father's good friend, Mr. Huang, who sold herbs. She told him the situation and asked if he would give her some poison so that she could solve the problem once and for all. Mr. Huang thought for awhile, and finally said, Li-Li, I will help you solve your problem, but you must listen to me and obey what I tell you. Li-Li said, "Yes, Mr. Huang, I will do whatever you tell me to do." Mr. Huang went into the back room, and returned in a few minutes with a package of herbs. He told Li -Li, "You can't use a quick-acting poison to get rid of your mother-in-law, because that would cause people to become suspicious. Therefore, I have given you a number of herbs that will slowly build up poison in her body. Every other day prepare some pork or chicken and put a little of these herbs in her serving. Now, in order to make sure that nobody suspects you when she dies, you must be very careful to act very friendly towards her. Don't argue with her, obey her every wish, and treat her like a que en." Li-Li was so happy. She thanked Mr. Huang and hurried home to start her plot of murdering her mother-in-law.

Weeks went by, and months went by, and every other day, Li-Li served the specially treated food to her mother-in-law. She remembered what Mr. Huang had said about avoiding suspicion, so she controlled her temper, obeyed her mother-in-law, and treated her like her own mother. After six months had passed, the whole household had changed. Li-Li had practiced controlling her temper so much that she found that she almost never got mad or upset. She hadn't had an argument in six months with her mother-in-law, who now seemed much kinder and easier to get along with.

The mother-in-law's attitude toward Li-Li changed, and she began to love Li-Li like her own daughter. She kept telling friends and relatives that Li-Li was the best daughter-in-law one could ever find. Li-Li and her mother-in-law were now treating each other like a real mother and daughter. Li-Li's husband was very happy to see what was happening.

One day, Li-Li came to see Mr. Huang and asked for his help again. She said, "Dear Mr. Huang, please help me to keep the poison from killing my mother-in-law! She's changed into such a nice woman, and I love her like my own mother. I do not want her to die because of the poison I gave her." Mr. Huang smiled and nodded his head. "Li-Li, there's nothing to worry about. I never gave you any poison. The herbs I gave you were vitamins to improve her health. The only poison was in your mind and your attitude toward her, but that has been all washed away by the love which you gave to her."

Positive Attitude

Father: I want you to marry a girl of my choice
Son: 'I will choose my own bride!'
Father: 'But the girl is Bill Gates's daughter.'
Son: 'Well, in that case...ok'

Next Day Father approaches Bill Gates.
Father: 'I have a husband for your daughter.'
Bill Gates: 'But my daughter is too young to marry!'
Father: 'But this young man is a vice-president of the World Bank.'
Bill Gates: 'Ah, in that case...ok'

Finally Father goes to see the president of the World Bank.
Father: 'I have a young man to be recommended as a vice-president. '
President: 'But I already have more vice- presidents than I need!'
Father: 'But this young man is Bill Gates's son-in-law.'
President: 'Ah, in that case...ok'

Moral: Even If you have nothing, You can get Anything.. But your attitude should be +ve...

Eyes are important

Eyes Are the most complex organs you possess except for your brain.
Eyes Are composed of more than two million working parts.
Eyes Can process 36,000 bits of information every hour.
Eyes Under the right conditions, can discern the light of a candle at a distance of 14 miles.
Eyes Contribute towards 85% of your total knowledge.
Eyes Utilize 65% of all the pathways to the brain.
Eyes Can instantaneously set in motion hundreds of muscles and organs in your body.
Eyes In a normal life-span, will bring you almost 24 million images of the world around you.
The external muscles that move the eyes are the strongest muscles in the human body for the job that they have to do. They are 100 times more powerful than they need to be.
The adult eyeball measures about 1 inch (2.5 cm) in diameter. Of its total surface area only one-sixth is exposed -- the front portion.
The eye is the only part of the human body that can function at 100% ability at any moment, day or night, without rest. Your eyelids need rest, the external muscles of your eyes need rest, the lubrication of your eyes requires replenishment, but your eyes themselves "never" need rest. But please rest them!
Eyes are your most precious sense... care for them properly!

Leadership Lessons from Lagaan :

Don't Laugh. While it is not often that movies offer more than entertainment, ever so often there comes a film which can make a deep impact and teach us a few things.

It is about Bhuvan and his team, who, against all odds, fights for pride, land and country - and win. It is how one single person with a passion can make a difference. It is about the triumph of human spirit, the Indian spirit.

As a movie, Lagaan is something we can all be proud of, made to perfection by Aamir Khan (producer) and Ashutosh Gowariker (director). It is different in many respects from the regular stuff churned out by our film industry. It is a period film. It was shot in one schedule in Bhuj last year over 4 months. It is long, very long - 3 hours, 40 minutes. It has British actors who mostly speak English. It has little romance and no fights. It even has a song in Hindi and English. Lagaan as a movie is innovation personified. The movie's heart - the hour-plus cricket match - was not even disclosed in the pre-release publicity. Lagaan is set in the village of Champaner (somewhere in Central India) in the late 19th century. Yet, it does not seem too far removed from us in the 21st century.

Each of us has someone we know in some Indian village. Many of us still pay a visit to our native place every once in a while. It is about the unchanged reality of India - the wait for the rains every year. It is also about the only sport which matters in India and which each of us has grown up with - cricket.

Above all, Lagaan is about people. Ordinary, average people, who are going about their lives - like each of us. Who, when the moment demands, do extraordinary deeds. It is about the power of a Team - the muthi ("closed fist"). As a team, they were fighting for the future of tens of thousands of their countrymen against a heartless enemy (the British). They had few resources, and little knowledge of the game of cricket. What they did not lack was fighting and team spirit, and the will to win. They were not playing a game; they were fighting a war.

The India of today, too, faces a lot of challenges. If we can learn from Bhuvan and his bunch of motley cricketers, the New India that is being built can be a different place, one which occupies pride of place in the world economy, one which is respected and feared but not ignored, one in which the community and nation come before self, one which Bhuvan's XI would have been proud of.

of Problems as Opportunities.

When Captain Russel challenges Bhuvan to a cricket match, Bhuvan accepts it because he knows that there is really no option. It is a risk, but without taking risks, there are no rewards. Given the state of his brethren (and with no looming rains), Bhuvan viewed the incrementalism of trying to reduce the "double tax" as a non-option against the possibility of a "10-100x" quality of life improvement offered by a victory in the cricket match. In our lives too, we face a lot of problems. We need to think of these as opportunities for innovation.

Dream Big and Define the Goal.

Once Bhuvan accepted the challenge, his dream was three years of no tax. It may have seemed unrealistic or even improbable, but then that's what dreams are. Dreaming is about imagining a different future. In the case of Bhuvan, he not only dreamt big but also put in place a strategy to make that a reality. Another name for Dream is Vision. To make things happen the way we want, we have to envision the future, and paint a picture in front of the others of what we want to achieve.

Put Community Before Self.

The important thing about Bhuvan's dream was that it was not for himself, it was for the community. Never in his talk or action did Bhuvan put himself or his self-interest before that of what his village needed. Bhuvan's dream of greater good thus elicited (after some initial resistance) the support of the entire province.

Be Determined in face of Opposition.

This comes across many times in the movie. Right from the start when the entire village opposes Bhuvan's having taken up the challenge to when the rest of his team refuses to play because Bhuvan wants to take on board Kachra, who is an untouchable. On all occasions, Bhuvan knows he is right, and faces up and answers his critics with courage, winning their support in the end. We face this situation many times in our organisations. Many a time, we give up and accept what we feel is perhaps a lesser decision. It is at times like these that we need to speak up - as long as we know we are fighting for the right issue, and not against an individual.

Give Examples to Enhance Understanding.

Even though Bhuvan didn't know the difference at that time, he simplified the challenge of learning cricket by portraying it as something similar to gilli-danda. By doing this, he made the impossible seem achievable, he made the mountain seem climbable. Analogies have that effect and can be powerful in helping tame the seemingly difficult. As managers and leaders, we too have the task of motivating the troops to take up challenges in the marketplace. Vision needs to be translated into a series of tasks that the team can understand, thus building a path through the fog.

Make a Beginning.

Bhuvan did not wait to start. He did not see around. He made a bat and a ball, got the kid interested and started. Many times, we brood and end up thinking too much. The only way one can test out new ideas is by jumping in, by getting started. Only when we close the door behind us will we see the doors in front start opening.

Small Victories are Important at the Start.

The first time Bhuvan hits the ball, he does so in public, in full view of the entire village. He makes it seem easy, he makes them want to participate. In the film, watch the faces of the villagers after Bhuvan's first strike. When starting any project, it is important to have small wins at the start to motivate the team.

Building the Team.

This is at the heart of the film in the first half. Building the team is like recruitment. One needs to select the right people and motivate them. Just watching Bhuvan go from one to eleven offers a lot of learning. He understands the pressures and the soft points of people, and uses this knowledge to make them part of his team. Watch and listen to the song which he uses to recruit Goli, the largest land owner in the village, and Ishwar Kaka, Gauri's father. To get Bhura, the murgiwalla, he makes him feel important as a person who can teach something (catching) to the rest of the lot. Watch also how Bhuvan talks to each of his team members. Each one is treated as special, as being different.

Allocating Roles.

Bhuvan also assigns responsibilities to each of his people. Just getting the people on board is not good enough. They have to be told what the goal is. Just as the hand consists of a thumb and four fingers, a team consists of different individuals. The objective is to make them all work together like a fist, like a team.

Support the Team Members.

Bhuvan backs his people to the hilt, even when they make mistakes. He is willing to give Kachra a second chance (on the second afternoon of the match) despite the skepticism of others. He knows Kachra can be a match-winner - and Kachra proves him right. It is very important in any team that the captain support his team, backing the right person at the right time for the right job.

Passion as the Differentiator.

Bhuvan and his team were playing for the hopes and aspirations of a nation. Their passion, especially Bhuvan's, made all the difference. It is in crunch times that one's passion for the work helps in bringing out that extra strength from within. Bhuvan's body language, his actions all speak for themselves. He is confident, not arrogant. As leaders, we all have to be careful of what we say and do, for the slightest sign of weakness can get magnified within the rest of the team.

Lead from the Front.

Bhuvan is always there - encouraging, talking, making the decisions. He knows that having taken up the challenge, he has to take the fight and be there till the end. The same applies to us. If we take on a responsibility, we have to take it to completion. Bhuvan, as a true leader, also points out the mistakes of others - like when he ticks off his team members at the start of the match when they are all running after the ball and complimenting each other.

Define the Enemy.

To Bhuvan and his team, the enemy was clear: the (bad) British and their oppressive laws. For Russel's team, it was not so clear. While for Russel the enemy was clearly (and only) Bhuvan, his team members were not quite sure about the cause. To them, it was just a game. Having a clearly defined enemy works as a rallying point for the team.

Overconfidence Destroys.

Look at Captain Russel. In trying to destroy Bhuvan (a personal enmity), he forgets what he is speaking and what he is offering (when he puts up the challenge). What he was trying to do was to take his anger against an individual against the entire province - and it boomeranged back at him. It made the opposition (the villagers) united, it made them discover talents they never had. One should never overestimate oneself or underestimate others.

Train and Practice.

Bhuvan and his team did not just go into the match; they trained and practiced day and night. There are no short-cuts for physical and mental fitness. To be fit, one needs to work hard.

Celebrate the Small Wins.

Watch the genuine joy in Bhuvan's team when a catch is taken or a wicket falls. The small celebrations help in encouraging and motivating the team as a whole. It also helps lift everyone's spirits. How many of us celebrate the small wins in the workplace?

Never Give Up.

Because the Last Ball can be the winner. A small opening - as in Chess, as in Cricket, as in a battle, and as in life - is all that it takes to make the difference and turn the tide. But you have to be prepared to be able to exploit it. Look at the situation in the Lagaan match. One ball to go in the match, 5 runs to win and Bhuvan is at the non-striker's end, with the partly handicapped Kachra facing. A seemingly lost cause. But Bhuvan did not give up. When Kachra hit the ball, he ran and took a single. As it turned out, the ball was a no-ball. That single created the opening for Bhuvan. If he had not taken that run assuming that they could not have won, the extra ball would not have made a difference. In sport, in life and in business, always be alert because you never know how and when opportunity comes.

Faith In God.

The pre-match rituals and the prayer at the end of the second day are examples. When everything else seems lost, God shows the way - as long as you are on the side of the Right.

Make the Best of Limited Resources.

Watch how Bhuvan makes the bat and ball, and later how the pads are made. Look at the scene where Bhuvan and his team are practicing at night - the entire village is gathered around their team with mashaals to create the light. The villagers of Champaner have limited resources, but they make the best use of them. One cannot always wait for the perfect tools or for the availability of infinite resources. As entrepreneurs, we must innovate - focus on getting the work done. When one has fewer resources, the brain and body work that much harder and much more imaginatively.

Face the Challenges.

When you are batting and facing a fast bowler, if you run away it is all over. You have to stand there and face the bowling to have a chance of winning. The balls being thrown are like the challenges we have to face every day: the answer is not trying to escape from them, but to stand there and let the bat (our actions) do the talking.

Take the Unexpected in Your Stride.

The runout of Devaa, the "Mankading" (bowler running out the non-striker before delivering the ball) of the kid (and thus, Ismail), Russel's kicking the ball for a boundary towards the end to keep Bhuvan away from the strike - unfortunate things will always happen. One cannot dwell or worry too much about the setbacks. One has to take them with the good and move on.

It's about Team Spirit.

However good and passionate Bhuvan was, he could not have won the match on his own. Cricket needs eleven players. It is a team game. So is business. Individual brilliance means a lot, but as Bhuvan showed, an average group filled with team spirit and playing with passion can overcome a group of talented, experienced but under-motivated individuals. Members must put the Team before Self. Take the time when Bhuvan is batting with Bhura, and he (Bhuvan) slips while going for a run. Bhura pushes Bhuvan away to the other half of the pitch, and sacrifices his own wicket because he knows that the captain is the one who can lead the way.

It's about People.

Lagaan is about how ordinary people can do extraordinary deeds. We all have it within us. Look at the Reader's Digest "Drama In Real Life" stories. When the occasion comes, people - each one of us - can do amazing things.

The Legacy of Lagaan:

Movies come and go. Ever so often, one movie comes and leaves a mark, an indelible impression - Because it succeeds in bringing out something from within us. Something which has been hidden and perhaps long forgotten. Something whose existence which we didn't even know about. As we go about our lives, we need to be reminded that each of us matters, that each of us has it within us to make a difference. Living in today's India makes optimists out of all us ("tomorrow can only be better"). But it is we who have to create tomorrow's India. Our ideas, our vision, our skills have to come together to build this New India. Lagaan's Bhuvan stokes us somewhere to become part of that team.

Here is a simple article to know about the sub-prime crisis, current hot topic. Let us know whats going on around us and why...

What is a sub-prime loan?

In the US, borrowers are rated either as 'prime' - indicating that they have a good credit rating based on their track record - or as 'sub-prime', meaning their track record in repaying loans has been below par. Loans given to sub-prime borrowers, something banks would normally be reluctant to do, are categorized as sub-prime loans. Typically, it is the poor and the young who form the bulk of sub-prime borrowers.

Why loans were given?

In roughly five years leading up to 2007, many banks started giving loans to sub-prime borrowers, typically through subsidiaries. They did so because they believed that the real estate boom, which had more than doubled home prices in the US since 1997, would allow even people with dodgy credit backgrounds to repay on the loans they were taking to buy or build homes. Government also encouraged lenders to lend to sub-prime borrowers, arguing that this would help even the poor and young to buy houses.

With stock markets booming and the system flush with liquidity, many big fund investors like hedge funds and mutual funds saw sub-prime loan portfolios as attractive investment opportunities. Hence, they bought such portfolios from the original lenders. This in turn meant the lenders had fresh funds to lend. The sub prime loan market thus became a fast growing segment.

What was the interest rate on sub-prime loans?

Since the risk of default on such loans was higher, the interest rate charged on sub-prime loans was typically about two percentage points higher than the interest on prime loans. This, of course, only added to the risk of sub-prime borrowers defaulting. The repayment capacity of sub-prime borrowers was in any case doubtful. The higher interest rate additionally meant substantially higher EMIs than for prime borrowers, further raising the risk of default.

Further, lenders devised new instruments to reach out to more sub-prime borrowers. Being flush with funds they were willing to compromise on prudential norms. In one of the instruments they devised , they asked the borrowers to pay only the interest portion to begin with. The repayment of the principal portion was to start after two years.

How did this turn into a crisis?

The housing boom in the US started petering out in 2007. One major reason was that the boom had led to a massive increase in the supply of housing. Thus house prices started falling. This increased the default rate among subprime borrowers, many of whom were no longer able or willing to pay through their nose to buy a house that was declining in value.

Since in home loans in the US, the collateral is typically the home being bought, this increased the supply of houses for sale while lowering the demand, thereby lowering prices even further and setting off a vicious cycle. That this coincided with a slowdown in the US economy only made matters worse. Estimates are that US housing prices have dropped by almost 50% from their peak in 2006 in some cases. The declining value of the collateral means that lenders are left with less than the value of their loans and hence have to book losses.

How did this become a systemic crisis?

One major reason is that the original lenders had further sold their portfolios to other players in the market. There were also complex derivatives developed based on the loan portfolios, which were also sold to other players, some of whom then sold it on further and so on.

As a result, nobody is absolutely sure what the size of the losses will be when the dust ultimately settles down. Nobody is also very sure exactly who will take how much of a hit. It is also important to realize that the crisis has not affected only reckless lenders. For instance, Freddie Mac and Fannie Mae, which owned or guaranteed more than half of the roughly $12 trillion outstanding in home mortgages in the US, were widely perceived as being more prudent than most in their lending practices. How ever, the housing bust meant that they too had to suffer losses - $14 billion combined in the last four quarters - because of declining prices for their collateral and increased default rates.

The forced retreat of these two mortgage giants from the market, of course, only adds to every other player's woes.

What has been the impact of the crisis?

Global banks and brokerages have had to write off an estimated $512 billion in sub-prime losses so far, with the largest hits taken by Citigroup ($55.1 bn) and Merrill Lynch ($52.2 bn). A little more than half of these losses, or $260 bn, have been suffered by US-based firms, $227 billion by European firms and a relatively modest $24 bn by Asian ones. Despite efforts by the US Federal Reserve to offer some financial assistance to the beleaguered financial sector, it has led to the collapse of Bear Sterns, one of the world's largest investment banks and securities trading firm. Bear Sterns was bought out by JP Morgan Chase with some help from the Fed.

The crisis has also seen Lehman Brothers - the fourth largest investment bank in the US - file for bankruptcy. Merrill Lynch has been bought out by Bank of America. Freddie Mac and Fannie Mae have effectively been nationalized to prevent them from going under.

Reports suggest that insurance major AIG (American Insurance Group) is also under severe pressure and has asked for a $40 bn bridge loan to tide over the crisis. If AIG also collapses, that would really test the entire financial sector.

How is the rest of the world affected?

Apart from the fact that banks based in other parts of the world also suffered losses from the subprime market, there are two major ways in which the effect is felt across the globe. First, the US is the biggest borrower in the world since most countries hold their foreign exchange reserves in dollars and invest them in US securities.

Thus, any crisis in the US has a direct bearing on other countries, particularly those with large reserves like Japan,China and - to a lesser extent - India. Also, since global equity markets are closely interlinked through institutional investors, any crisis affecting these investors sees a contagion effect throughout the world.

Good Thoughts

"To get something you never had, you have to do something you never did. When God takes something from your grasp, He's not punishing you, but merely opening your hands to receive something better.";
"The will of God will never take you where the Grace of God will not protect you."
"Your talent is God's gift to you. What you do with it is your gift back to God."
"Peace is not the absence of affliction, but the presence of God. When we put our cares in His hands, He puts His peace in our hearts."

Made in China

The first 3 digits of the bar code 690 - 691 - 692 is Made in China & 471 is Made in Taiwan.

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	Home Programme Student Corner Staff News & Events R&DC Mandatory Disclosure Scholorship Circular Contact us Shrimad Rajchandra Institute of Management and Computer Application Maliba Campus Gopal Vidyanagar, Bardoli Mahuva Road, TARSADI Dist: Surat - 394 350, Gujarat (INDIA) 91-2625-255389 91-2625-255389 director@srimca.edu.in director.srimca@utu.ac.in	E-gyan Story of Poison \| Positive Attitude \| Eyes are important \| Leadership Lessons from Lagaan Article to know about the sub-prime crisis \| Good Thoughts \| Made in China Story of Poison A long time ago, a girl named Li-Li got married and went to live with her husband and mother-in-law. In a very short time, Li-Li found that she couldn't get along with her mother-in-law at all. Their personalities were very different, and Li-Li was angered by many of her mother-in-law's habits. In addition, she criticized Li-Li constantly. Days passed days, and weeks passed weeks. Li-Li and her mother-in-law never stopped arguing and fighting. But what made the situation even worse was that, according to ancient Chinese tradition, Li-Li had to bow to her mother-in-law and obey her every wish. All the anger and unhappiness in the house was causing the poor husband great distress. Finally, Li-Li could not stand her mother-in-law's bad temper and dictatorship any longer, and she decided to do something about it. Li-Li went to see her father's good friend, Mr. Huang, who sold herbs. She told him the situation and asked if he would give her some poison so that she could solve the problem once and for all. Mr. Huang thought for awhile, and finally said, Li-Li, I will help you solve your problem, but you must listen to me and obey what I tell you. Li-Li said, "Yes, Mr. Huang, I will do whatever you tell me to do." Mr. Huang went into the back room, and returned in a few minutes with a package of herbs. He told Li -Li, "You can't use a quick-acting poison to get rid of your mother-in-law, because that would cause people to become suspicious. Therefore, I have given you a number of herbs that will slowly build up poison in her body. Every other day prepare some pork or chicken and put a little of these herbs in her serving. Now, in order to make sure that nobody suspects you when she dies, you must be very careful to act very friendly towards her. Don't argue with her, obey her every wish, and treat her like a que en." Li-Li was so happy. She thanked Mr. Huang and hurried home to start her plot of murdering her mother-in-law. Weeks went by, and months went by, and every other day, Li-Li served the specially treated food to her mother-in-law. She remembered what Mr. Huang had said about avoiding suspicion, so she controlled her temper, obeyed her mother-in-law, and treated her like her own mother. After six months had passed, the whole household had changed. Li-Li had practiced controlling her temper so much that she found that she almost never got mad or upset. She hadn't had an argument in six months with her mother-in-law, who now seemed much kinder and easier to get along with. The mother-in-law's attitude toward Li-Li changed, and she began to love Li-Li like her own daughter. She kept telling friends and relatives that Li-Li was the best daughter-in-law one could ever find. Li-Li and her mother-in-law were now treating each other like a real mother and daughter. Li-Li's husband was very happy to see what was happening. One day, Li-Li came to see Mr. Huang and asked for his help again. She said, "Dear Mr. Huang, please help me to keep the poison from killing my mother-in-law! She's changed into such a nice woman, and I love her like my own mother. I do not want her to die because of the poison I gave her." Mr. Huang smiled and nodded his head. "Li-Li, there's nothing to worry about. I never gave you any poison. The herbs I gave you were vitamins to improve her health. The only poison was in your mind and your attitude toward her, but that has been all washed away by the love which you gave to her." Positive Attitude Father: I want you to marry a girl of my choice Son: 'I will choose my own bride!' Father: 'But the girl is Bill Gates's daughter.' Son: 'Well, in that case...ok' Next Day Father approaches Bill Gates. Father: 'I have a husband for your daughter.' Bill Gates: 'But my daughter is too young to marry!' Father: 'But this young man is a vice-president of the World Bank.' Bill Gates: 'Ah, in that case...ok' Finally Father goes to see the president of the World Bank. Father: 'I have a young man to be recommended as a vice-president. ' President: 'But I already have more vice- presidents than I need!' Father: 'But this young man is Bill Gates's son-in-law.' President: 'Ah, in that case...ok' Moral: Even If you have nothing, You can get Anything.. But your attitude should be +ve... Eyes are important Eyes Are the most complex organs you possess except for your brain. Eyes Are composed of more than two million working parts. Eyes Can process 36,000 bits of information every hour. Eyes Under the right conditions, can discern the light of a candle at a distance of 14 miles. Eyes Contribute towards 85% of your total knowledge. Eyes Utilize 65% of all the pathways to the brain. Eyes Can instantaneously set in motion hundreds of muscles and organs in your body. Eyes In a normal life-span, will bring you almost 24 million images of the world around you. The external muscles that move the eyes are the strongest muscles in the human body for the job that they have to do. They are 100 times more powerful than they need to be. The adult eyeball measures about 1 inch (2.5 cm) in diameter. Of its total surface area only one-sixth is exposed -- the front portion. The eye is the only part of the human body that can function at 100% ability at any moment, day or night, without rest. Your eyelids need rest, the external muscles of your eyes need rest, the lubrication of your eyes requires replenishment, but your eyes themselves "never" need rest. But please rest them! Eyes are your most precious sense... care for them properly! Leadership Lessons from Lagaan : Don't Laugh. While it is not often that movies offer more than entertainment, ever so often there comes a film which can make a deep impact and teach us a few things. It is about Bhuvan and his team, who, against all odds, fights for pride, land and country - and win. It is how one single person with a passion can make a difference. It is about the triumph of human spirit, the Indian spirit. As a movie, Lagaan is something we can all be proud of, made to perfection by Aamir Khan (producer) and Ashutosh Gowariker (director). It is different in many respects from the regular stuff churned out by our film industry. It is a period film. It was shot in one schedule in Bhuj last year over 4 months. It is long, very long - 3 hours, 40 minutes. It has British actors who mostly speak English. It has little romance and no fights. It even has a song in Hindi and English. Lagaan as a movie is innovation personified. The movie's heart - the hour-plus cricket match - was not even disclosed in the pre-release publicity. Lagaan is set in the village of Champaner (somewhere in Central India) in the late 19th century. Yet, it does not seem too far removed from us in the 21st century. Each of us has someone we know in some Indian village. Many of us still pay a visit to our native place every once in a while. It is about the unchanged reality of India - the wait for the rains every year. It is also about the only sport which matters in India and which each of us has grown up with - cricket. Above all, Lagaan is about people. Ordinary, average people, who are going about their lives - like each of us. Who, when the moment demands, do extraordinary deeds. It is about the power of a Team - the muthi ("closed fist"). As a team, they were fighting for the future of tens of thousands of their countrymen against a heartless enemy (the British). They had few resources, and little knowledge of the game of cricket. What they did not lack was fighting and team spirit, and the will to win. They were not playing a game; they were fighting a war. The India of today, too, faces a lot of challenges. If we can learn from Bhuvan and his bunch of motley cricketers, the New India that is being built can be a different place, one which occupies pride of place in the world economy, one which is respected and feared but not ignored, one in which the community and nation come before self, one which Bhuvan's XI would have been proud of. of Problems as Opportunities. When Captain Russel challenges Bhuvan to a cricket match, Bhuvan accepts it because he knows that there is really no option. It is a risk, but without taking risks, there are no rewards. Given the state of his brethren (and with no looming rains), Bhuvan viewed the incrementalism of trying to reduce the "double tax" as a non-option against the possibility of a "10-100x" quality of life improvement offered by a victory in the cricket match. In our lives too, we face a lot of problems. We need to think of these as opportunities for innovation. Dream Big and Define the Goal. Once Bhuvan accepted the challenge, his dream was three years of no tax. It may have seemed unrealistic or even improbable, but then that's what dreams are. Dreaming is about imagining a different future. In the case of Bhuvan, he not only dreamt big but also put in place a strategy to make that a reality. Another name for Dream is Vision. To make things happen the way we want, we have to envision the future, and paint a picture in front of the others of what we want to achieve. Put Community Before Self. The important thing about Bhuvan's dream was that it was not for himself, it was for the community. Never in his talk or action did Bhuvan put himself or his self-interest before that of what his village needed. Bhuvan's dream of greater good thus elicited (after some initial resistance) the support of the entire province. Be Determined in face of Opposition. This comes across many times in the movie. Right from the start when the entire village opposes Bhuvan's having taken up the challenge to when the rest of his team refuses to play because Bhuvan wants to take on board Kachra, who is an untouchable. On all occasions, Bhuvan knows he is right, and faces up and answers his critics with courage, winning their support in the end. We face this situation many times in our organisations. Many a time, we give up and accept what we feel is perhaps a lesser decision. It is at times like these that we need to speak up - as long as we know we are fighting for the right issue, and not against an individual. Give Examples to Enhance Understanding. Even though Bhuvan didn't know the difference at that time, he simplified the challenge of learning cricket by portraying it as something similar to gilli-danda. By doing this, he made the impossible seem achievable, he made the mountain seem climbable. Analogies have that effect and can be powerful in helping tame the seemingly difficult. As managers and leaders, we too have the task of motivating the troops to take up challenges in the marketplace. Vision needs to be translated into a series of tasks that the team can understand, thus building a path through the fog. Make a Beginning. Bhuvan did not wait to start. He did not see around. He made a bat and a ball, got the kid interested and started. Many times, we brood and end up thinking too much. The only way one can test out new ideas is by jumping in, by getting started. Only when we close the door behind us will we see the doors in front start opening. Small Victories are Important at the Start. The first time Bhuvan hits the ball, he does so in public, in full view of the entire village. He makes it seem easy, he makes them want to participate. In the film, watch the faces of the villagers after Bhuvan's first strike. When starting any project, it is important to have small wins at the start to motivate the team. Building the Team. This is at the heart of the film in the first half. Building the team is like recruitment. One needs to select the right people and motivate them. Just watching Bhuvan go from one to eleven offers a lot of learning. He understands the pressures and the soft points of people, and uses this knowledge to make them part of his team. Watch and listen to the song which he uses to recruit Goli, the largest land owner in the village, and Ishwar Kaka, Gauri's father. To get Bhura, the murgiwalla, he makes him feel important as a person who can teach something (catching) to the rest of the lot. Watch also how Bhuvan talks to each of his team members. Each one is treated as special, as being different. Allocating Roles. Bhuvan also assigns responsibilities to each of his people. Just getting the people on board is not good enough. They have to be told what the goal is. Just as the hand consists of a thumb and four fingers, a team consists of different individuals. The objective is to make them all work together like a fist, like a team. Support the Team Members. Bhuvan backs his people to the hilt, even when they make mistakes. He is willing to give Kachra a second chance (on the second afternoon of the match) despite the skepticism of others. He knows Kachra can be a match-winner - and Kachra proves him right. It is very important in any team that the captain support his team, backing the right person at the right time for the right job. Passion as the Differentiator. Bhuvan and his team were playing for the hopes and aspirations of a nation. Their passion, especially Bhuvan's, made all the difference. It is in crunch times that one's passion for the work helps in bringing out that extra strength from within. Bhuvan's body language, his actions all speak for themselves. He is confident, not arrogant. As leaders, we all have to be careful of what we say and do, for the slightest sign of weakness can get magnified within the rest of the team. Lead from the Front. Bhuvan is always there - encouraging, talking, making the decisions. He knows that having taken up the challenge, he has to take the fight and be there till the end. The same applies to us. If we take on a responsibility, we have to take it to completion. Bhuvan, as a true leader, also points out the mistakes of others - like when he ticks off his team members at the start of the match when they are all running after the ball and complimenting each other. Define the Enemy. To Bhuvan and his team, the enemy was clear: the (bad) British and their oppressive laws. For Russel's team, it was not so clear. While for Russel the enemy was clearly (and only) Bhuvan, his team members were not quite sure about the cause. To them, it was just a game. Having a clearly defined enemy works as a rallying point for the team. Overconfidence Destroys. Look at Captain Russel. In trying to destroy Bhuvan (a personal enmity), he forgets what he is speaking and what he is offering (when he puts up the challenge). What he was trying to do was to take his anger against an individual against the entire province - and it boomeranged back at him. It made the opposition (the villagers) united, it made them discover talents they never had. One should never overestimate oneself or underestimate others. Train and Practice. Bhuvan and his team did not just go into the match; they trained and practiced day and night. There are no short-cuts for physical and mental fitness. To be fit, one needs to work hard. Celebrate the Small Wins. Watch the genuine joy in Bhuvan's team when a catch is taken or a wicket falls. The small celebrations help in encouraging and motivating the team as a whole. It also helps lift everyone's spirits. How many of us celebrate the small wins in the workplace? Never Give Up. Because the Last Ball can be the winner. A small opening - as in Chess, as in Cricket, as in a battle, and as in life - is all that it takes to make the difference and turn the tide. But you have to be prepared to be able to exploit it. Look at the situation in the Lagaan match. One ball to go in the match, 5 runs to win and Bhuvan is at the non-striker's end, with the partly handicapped Kachra facing. A seemingly lost cause. But Bhuvan did not give up. When Kachra hit the ball, he ran and took a single. As it turned out, the ball was a no-ball. That single created the opening for Bhuvan. If he had not taken that run assuming that they could not have won, the extra ball would not have made a difference. In sport, in life and in business, always be alert because you never know how and when opportunity comes. Faith In God. The pre-match rituals and the prayer at the end of the second day are examples. When everything else seems lost, God shows the way - as long as you are on the side of the Right. Make the Best of Limited Resources. Watch how Bhuvan makes the bat and ball, and later how the pads are made. Look at the scene where Bhuvan and his team are practicing at night - the entire village is gathered around their team with mashaals to create the light. The villagers of Champaner have limited resources, but they make the best use of them. One cannot always wait for the perfect tools or for the availability of infinite resources. As entrepreneurs, we must innovate - focus on getting the work done. When one has fewer resources, the brain and body work that much harder and much more imaginatively. Face the Challenges. When you are batting and facing a fast bowler, if you run away it is all over. You have to stand there and face the bowling to have a chance of winning. The balls being thrown are like the challenges we have to face every day: the answer is not trying to escape from them, but to stand there and let the bat (our actions) do the talking. Take the Unexpected in Your Stride. The runout of Devaa, the "Mankading" (bowler running out the non-striker before delivering the ball) of the kid (and thus, Ismail), Russel's kicking the ball for a boundary towards the end to keep Bhuvan away from the strike - unfortunate things will always happen. One cannot dwell or worry too much about the setbacks. One has to take them with the good and move on. It's about Team Spirit. However good and passionate Bhuvan was, he could not have won the match on his own. Cricket needs eleven players. It is a team game. So is business. Individual brilliance means a lot, but as Bhuvan showed, an average group filled with team spirit and playing with passion can overcome a group of talented, experienced but under-motivated individuals. Members must put the Team before Self. Take the time when Bhuvan is batting with Bhura, and he (Bhuvan) slips while going for a run. Bhura pushes Bhuvan away to the other half of the pitch, and sacrifices his own wicket because he knows that the captain is the one who can lead the way. It's about People. Lagaan is about how ordinary people can do extraordinary deeds. We all have it within us. Look at the Reader's Digest "Drama In Real Life" stories. When the occasion comes, people - each one of us - can do amazing things. The Legacy of Lagaan: Movies come and go. Ever so often, one movie comes and leaves a mark, an indelible impression - Because it succeeds in bringing out something from within us. Something which has been hidden and perhaps long forgotten. Something whose existence which we didn't even know about. As we go about our lives, we need to be reminded that each of us matters, that each of us has it within us to make a difference. Living in today's India makes optimists out of all us ("tomorrow can only be better"). But it is we who have to create tomorrow's India. Our ideas, our vision, our skills have to come together to build this New India. Lagaan's Bhuvan stokes us somewhere to become part of that team. Here is a simple article to know about the sub-prime crisis, current hot topic. Let us know whats going on around us and why... What is a sub-prime loan? In the US, borrowers are rated either as 'prime' - indicating that they have a good credit rating based on their track record - or as 'sub-prime', meaning their track record in repaying loans has been below par. Loans given to sub-prime borrowers, something banks would normally be reluctant to do, are categorized as sub-prime loans. Typically, it is the poor and the young who form the bulk of sub-prime borrowers. Why loans were given? In roughly five years leading up to 2007, many banks started giving loans to sub-prime borrowers, typically through subsidiaries. They did so because they believed that the real estate boom, which had more than doubled home prices in the US since 1997, would allow even people with dodgy credit backgrounds to repay on the loans they were taking to buy or build homes. Government also encouraged lenders to lend to sub-prime borrowers, arguing that this would help even the poor and young to buy houses. With stock markets booming and the system flush with liquidity, many big fund investors like hedge funds and mutual funds saw sub-prime loan portfolios as attractive investment opportunities. Hence, they bought such portfolios from the original lenders. This in turn meant the lenders had fresh funds to lend. The sub prime loan market thus became a fast growing segment. What was the interest rate on sub-prime loans? Since the risk of default on such loans was higher, the interest rate charged on sub-prime loans was typically about two percentage points higher than the interest on prime loans. This, of course, only added to the risk of sub-prime borrowers defaulting. The repayment capacity of sub-prime borrowers was in any case doubtful. The higher interest rate additionally meant substantially higher EMIs than for prime borrowers, further raising the risk of default. Further, lenders devised new instruments to reach out to more sub-prime borrowers. Being flush with funds they were willing to compromise on prudential norms. In one of the instruments they devised , they asked the borrowers to pay only the interest portion to begin with. The repayment of the principal portion was to start after two years. How did this turn into a crisis? The housing boom in the US started petering out in 2007. One major reason was that the boom had led to a massive increase in the supply of housing. Thus house prices started falling. This increased the default rate among subprime borrowers, many of whom were no longer able or willing to pay through their nose to buy a house that was declining in value. Since in home loans in the US, the collateral is typically the home being bought, this increased the supply of houses for sale while lowering the demand, thereby lowering prices even further and setting off a vicious cycle. That this coincided with a slowdown in the US economy only made matters worse. Estimates are that US housing prices have dropped by almost 50% from their peak in 2006 in some cases. The declining value of the collateral means that lenders are left with less than the value of their loans and hence have to book losses. How did this become a systemic crisis? One major reason is that the original lenders had further sold their portfolios to other players in the market. There were also complex derivatives developed based on the loan portfolios, which were also sold to other players, some of whom then sold it on further and so on. As a result, nobody is absolutely sure what the size of the losses will be when the dust ultimately settles down. Nobody is also very sure exactly who will take how much of a hit. It is also important to realize that the crisis has not affected only reckless lenders. For instance, Freddie Mac and Fannie Mae, which owned or guaranteed more than half of the roughly $12 trillion outstanding in home mortgages in the US, were widely perceived as being more prudent than most in their lending practices. How ever, the housing bust meant that they too had to suffer losses - $14 billion combined in the last four quarters - because of declining prices for their collateral and increased default rates. The forced retreat of these two mortgage giants from the market, of course, only adds to every other player's woes. What has been the impact of the crisis? Global banks and brokerages have had to write off an estimated $512 billion in sub-prime losses so far, with the largest hits taken by Citigroup ($55.1 bn) and Merrill Lynch ($52.2 bn). A little more than half of these losses, or $260 bn, have been suffered by US-based firms, $227 billion by European firms and a relatively modest $24 bn by Asian ones. Despite efforts by the US Federal Reserve to offer some financial assistance to the beleaguered financial sector, it has led to the collapse of Bear Sterns, one of the world's largest investment banks and securities trading firm. Bear Sterns was bought out by JP Morgan Chase with some help from the Fed. The crisis has also seen Lehman Brothers - the fourth largest investment bank in the US - file for bankruptcy. Merrill Lynch has been bought out by Bank of America. Freddie Mac and Fannie Mae have effectively been nationalized to prevent them from going under. Reports suggest that insurance major AIG (American Insurance Group) is also under severe pressure and has asked for a $40 bn bridge loan to tide over the crisis. If AIG also collapses, that would really test the entire financial sector. How is the rest of the world affected? Apart from the fact that banks based in other parts of the world also suffered losses from the subprime market, there are two major ways in which the effect is felt across the globe. First, the US is the biggest borrower in the world since most countries hold their foreign exchange reserves in dollars and invest them in US securities. Thus, any crisis in the US has a direct bearing on other countries, particularly those with large reserves like Japan,China and - to a lesser extent - India. Also, since global equity markets are closely interlinked through institutional investors, any crisis affecting these investors sees a contagion effect throughout the world. Good Thoughts "To get something you never had, you have to do something you never did. When God takes something from your grasp, He's not punishing you, but merely opening your hands to receive something better."; "The will of God will never take you where the Grace of God will not protect you." "Your talent is God's gift to you. What you do with it is your gift back to God." "Peace is not the absence of affliction, but the presence of God. When we put our cares in His hands, He puts His peace in our hearts." Made in China The first 3 digits of the bar code 690 - 691 - 692 is Made in China & 471 is Made in Taiwan.
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