Hourly work vs. linchpin work – Seth Godin

“I had a college professor who did engineering consulting. A brand new office tower in Boston had a serious problem–there was a brown stain coming through the drywall, (all of the drywall) no matter how much stain killer they used. In a forty story building, if you have to rip out all the drywall, this is a multi-million dollar disaster. They had exhausted all possibilities and were a day away from tearing out everything and taking a loss. They hired Henry in a last-ditch effort to solve the problem. He looked at the walls and said, "I think I can work out a solution, but it will cost you $45,000 if I succeed." They instantly signed on, because if he succeeded, the project would be saved. Henry asked for a pencil and paper and wrote the name of a common hardware store chemical and handed it to them. "Here, this will work." And then he billed them $45,000. That’s quite an hourly wage. It’s also quite a bargain.”

You can read the whole article @ Seth’s Blog

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Apple iPad – “iPhone on steroids” OR much more

Steve Jobs unveiled  Apple much awaited tablet pc “iPad” yesterday.iPad will start from an incredible affordable price of $499 and will be launched around April this year.Jobs described it as "so much more intimate than a laptop and so much more capable than a smart phone."

In last 24 hours it has been iPad media frenzy over the internet. From strict criticism,disappointments,applauses to even jokes.Frankly speaking everyone has his own expectation with the iPad.Taking into perspective the extraordinary leap that iPhone took people where expecting iPad to be similar.They wanted it to be like some sort of futuristic “star trek” or “Minority report” sort of touch and control sort of gadget when in reality it turned out to be much familiar.So naturally people are disappointed.

The lack of camera and USB ports was a huge disappointment i have to admit.Lack of camera can be assumed to be a huge technical blunder from the geniuses at apple.But then when you see the broader picture and see apple competition in tablet pc arena there isn’t much to speak off.Amazon kindle is basically a book reader and with the touch screen and the finishing,iPad provides much better book reading experience.Hp Slate PC’s running window 7 shown by Balmer earlier this month were not exactly eye catching as well.

From development perspective just consider it as an iPhone/iPod with huge touch screen and powerful processor,and i think these 2 factors open a huge new market of app development for iPad.with such a huge screen(compared to iPhone) there will be more sophisticated an complex applications making there way to iPad ,not to mention the potential in games market.Surely big giants like EA will soon be announcing some extraordinary game titles for iPad very soon.SDK 3.2 beta is already available for download from appstore.

So all said and done may be apple is still at the top of tablet pc market and comes April we might see a frenzy to buy the new hottest gadget in town”iPad”.

The one you feed

One evening an old man told his grandson about a
battle that goes on inside people. He said, ‘My son, the battle is between 2
‘wolves’ inside us all.

One is Evil. It is anger, envy, jealousy, sorrow, regret,
greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false
pride, superiority, and ego.
The other is Good. It is joy, peace, love, hope, serenity, humility,
kindness, benevolence, empathy, generosity, truth, compassion and faith.’

The grandson thought about it for a minute and then asked his grandfather:
‘Which wolf wins?’

The old man simply replied, ‘The one you feed.’

Graphene : New wonder material, one-atom thick is Stronger than Diamond

Imagine a carbon sheet that’s only one atom thick but is stronger than diamond and conducts electricity 100 times faster than the silicon in computer chips.

That’s graphene, the latest wonder material coming out of science laboratories around the world. It’s creating tremendous buzz among physicists, chemists and electronic engineers.

"It is the thinnest known material in the universe, and the strongest ever measured," Andre Geim , a physicist at the University of Manchester, England , wrote in the June 19 issue of the journal Science.

"A few grams could cover a football field," said Rod Ruoff , a graphene researcher at the University of Texas, Austin , in an e-mail. A gram is about 1/30th of an ounce.

Like diamond, graphene is pure carbon. It forms a six-sided mesh of atoms that, through an electron microscope, looks like a honeycomb or piece of chicken wire. Despite its strength, it’s as flexible as plastic wrap and can be bent, folded or rolled up like a scroll.

Graphite, the lead in a pencil, is made of stacks of graphene layers. Although each individual layer is tough, the bonds between them are weak, so they slip off easily and leave a dark mark when you write.

Potential graphene applications include touch screens, solar cells, energy storage devices, cell phones and, eventually, high-speed computer chips.

 

Full article here at http://news.yahoo.com/s/mcclatchy/20090708/sc_mcclatchy/3268145

Current Economic Crisis – Simply Explained

I got a very nice explanation of the current crisis by email , thought that I
should share.I don’t know who the original writer is but it is very well explained 🙂
_____________________________________________
Phajja is the proprietor of a Siri-Paya and Nehari Shop in Lahore. Sales are
low and, in order to increase them, he comes up with a plan to allow his
customers to eat now and pay later. He keeps track of the meals consumed on
a ledger.
Word gets around and as a result increasing numbers of customers flock to P
hajja’s shop. Phajja’s suppliers are delighted and are very willing to sell
more and more raw materials for the meals he prepares. Phajja shows them his
ledger of receivables and they extend him credit.
A young and dynamic customer service consultant at the local bank recognizes
these customer debts as valuable future assets and gives Phajja a credit
line and then increases Phajja’s borrowing limit.
Taking advantage of his customers’ freedom from immediate payment
constraints, Phajja jacks up the prices of his Nehari and Siri-Paye.
Customers don’t mind as they are not required to pay on the spot. Sales
volume increases massively; Banks and suppliers lend more; Phajja opens more
outlets. He sees no reason for undue concern since he has the debts of the
customers as collateral.
At the bank’s corporate headquarters, expert bankers recognize Phajja’s
customer loans as assets and transform these customer assets into BONDS.
These negotiable instruments are given exotic names such as SIRIBOND,
PAYABOND, MAGHAZBOND AND BONGBOND. These securities are then listed on the
Stock Exchange and traded on markets worldwide. No one really understands
what the names mean and how the securities are guaranteed but, nevertheless,
as their prices continuously climb, the securities become top-selling items.
One day, although the prices are still climbing, a credit risk manager of
the bank decides that the time has come to demand payment of one of the
debts incurred by Phajja. Phajja in turn asks his clients to pay up.
One by one they refuse; the clients cannot pay back the debts. Phajja
refuses to serve them any more. The clients stop coming.
Phajja is really screwed now. He cannot fulfill his loan obligations and
therefore claims bankruptcy. All Bonds drop in price by between 80 to 95%.
The suppliers of Phajja, having granted generous payment due dates and
having invested in the securities are faced with similar problems. The meat
supplier defaults on payment to the sheep and cattle supplier and claims
bankruptcy. The atta supplier is taken over by a competitor; Pajja lays off
the cook and staff. Bankruptcies soar, unemployment mushrooms.
The bank that lent the money in the first place is set to collapse. It is
saved by the Government following dramatic round-the-clock consultations by
leaders from the governing political parties with Phajja commuting back and
forth in his Executive jet and Mercedes 500SEL, brokering the deal.
The funds required to save the economic collapse are obtained by a tax
levied on the citizens, most of whom do not eat Nehari or Siri-paye.
Now substitute Phajja with USA or GM/FORD or any US Bank…….

History of Pakistan: Identity Crises

In Our school years when it comes to social studies or history of Pakistan we Chandragupta_mauryan_empire_305_BC start from Muhammad bin Qasim invasion of Sindh. So history of our region and Pakistan probably start from 8thg century. In later years we are taught a bit about Indus valley civilization. But in between history of almost 3000-4000 years is missing as there was no one in this region.

We are not told about the great Mauryan dynasty or about the origins of Buddhism and its impact on our region. Nor are we told about the Invasion of our region by Alexander the great and its relations with subsequent empires like Seleucid Empire. There is no mention of Ashoka, 180px-Taxila2Chandragupta Maurya or any of the other great rulers of the time. Why?

May be the reason is that they were all Hindus and not Muslims. It’s like we are disowning our Past where we are linked to Hindus but isn’t it a fact that almost all of our ancestors where Hindus or Buddhist then why do we run away or disown our own heritage and ancestry.

If Once looks more closely the most of Indian subcontinent heritage is embedded in Northern India which also includes Pakistan. Taxila is prime example which was a major educational and cultural centre during Mauryan 180px-TheBuddhaAndVajrapaniGandhara2ndCenturydynasty. Also Alexander the great and the Great Persian Empire also attacked this region. But why are we not told any thing about that? Why does our history start from 1947?

On the other hand India takes full advantage of its heritage and boasts one of the most ancient cultures and heritage in the world and highlights its past. This raises tons and millions in terms of tourism for them.

History plays a major role in nations identity and there unity. A nation who disowns its history, culture and heritage has nothing to be proud of. I think it’s about time we start thinking as a nation and be proud of our Hindu/Buddhist Culture/Heritage and reclaim our identity and highlight it to the rest of the world.

Obama-44th Us President

44th US President is going to be sworn in tomorrow. Through out the t1home_obama_giworld people are welcoming the end of Bush Regime and Welcoming Obama as the most power full man in the world.

Last 8 years of Bush regime have left the world Broken and bleeding. With war raging in Most of Middle East, Extremist sentiment Stronger than ever, World Economy in shambles and US Image in the world at an all time low.

In this time of crises election of a black US president is even more welcomed. The fact is people can relate to Obama and his life story. He is a president from among the masses who has gone to the top office due to his sheer effort, Charisma and Dynamism and not due to his Family background and Family political ties.Its due to this fact people are relating him to great statesman like Abraham Lincon and expecting the same dramatic policies and changes that Lincon brought to USA.

But the question we need to ask is that will Obama be able to repair what’s broken in Past 8 years. Can he come up with a solution to Middle East crises? Can he help root out extremism in Middle East and Asian Subcontinent not by violence but due to his policies, and what can he do to support the failing Economy.

A Lot remains to be seen but Obama has made a great start and he goes into White House with lot of support and high expectations.

Only time will tell if he will be able to deliver.