Tuesday, September 27, 2011

R.I.P Wangari Muta Maathai

First woman in central or eastern Africa to hold a Ph.D., first woman head of a university department in Kenya, first African woman to win the Nobel Prize in Peace.

Professor Wangari Muta Maathai


Wangari Maathai with her Nobel Prize in 2004

Wangari Maathai dancing when she returns to Nairobi with her prize in 2004


Born in 1940 in Nyeri, Wangari Maathai was able to pursue higher education, a rarity for girls in rural areas of Kenya. She earned her biology degree from Mount St. Scholastica College in Kansas and a master's degree at the University of Pittsburgh.
When she returned to Kenya, Wangari Maathai worked in veterinary medicine research at the University of Nairobi, and eventually, despite the skepticism and even opposition of the male students and faculty, was able to earn a Ph.D. there. She worked her way up through the academic ranks, becoming head of the veterinary medicine faculty, a first for a woman at any department at that university.
Wangari Maathai's husband ran for Parliament in the 1970s, and Wangari Maathai became involved in organizing work for poor people and eventually this became a national grass-roots organization, providing work and improving the environment at the same time. The project has made significant headway against Kenya's deforestation.

In 1991, Wangari Maathai was arrested and imprisoned; an Amnesty International letter-writing campaign helped free her.
In 1997 Wangari Maathai ran for the presidency of Kenya, though the party withdrew her candidacy a few days before the election without letting her know; she was defeated for a seat in Parliament in the same election.
In 1998, Wangari Maathai gained worldwide attention when the Kenyan President backed development of a luxury housing project and building began by clearing hundreds of acres of Kenya forest.
 In 1999 she suffered head injuries when attacked while planting trees in the Karura Public Forest in Nairobi, part of a protest against continuing deforestation. She was arrested numerous times by the government of Kenyan President Daniel Arap Moi.
In January, 2002, Wangari Maathai accepted a position as Visiting Fellow at Yale University's Global Institute for Sustainable Forestry.
And in December, 2002, Wangari Maathai was elected to Parliament, as Mwai Kibaki defeated Maathai's long-time political nemesis, Daniel Arap Moi, for 24 years the President of Kenya. Kibaki named Maathai as Deputy Minister in the Ministry of Environment, Natural Resources and Wildlife in January, 2003.
Wangari Maathai died in Nairobi in September 25, 2011 while having treatment for ovarian cancer.






Tuesday, September 20, 2011

10 steps to build wealth


1. Understand the Power of Compounding: it looks odd to realise that the power of compounding is NOT taught well at school! They give you some simple examples — rarely are you taught the POWER! Even people working in financial services do not appreciate the power of compounding. Ignore this only at YOUR OWN PERIL.
2. Understand the Power of NOW: LEARN the power of starting to compound as soon as possible in life. If you have not understood, NO TIME LIKE TODAY..pick up the pen, call the advisor, click on the net — whateva…just start, NOW, TODAY.
3. Understand the Power of Regularity — start a SIP AND make sure you do it regularly — not missing a single month. If by chance you do miss a month of investing, immediately pick up a cheque and send it in! At the end of a YEAR you should have invested 12* Amount being invested every month. If suddenly you have money, top up the SAME account.
4. Understand the power of Not Touching the Money for 'n' years: Capital and Wealth creation needs long periods of growth. If you do not touch the money for any sundry purpose, leave it untouched. This helps in compounding. REmember this for life!
5. Understand the power of LEARNING: If you are willing to wish to invest in equities — directly or through mutual funds,    learn as much  as possible about equities. Invest in learning, before you invest your money.
6. If you do not (or will not) learn about equities, never mind, learn the power of indexing in equities!
7. Learn simple things like keeping your accounts in an excel sheet and keep track of the paise….the rupee will take care of itself. Track your income, collect all monies due, track your expenses, track your investing and returns.
8. For events which you know invest. For sad events which MAY happen,insure. You never know….
9.Remember delayed gratification may not be easy, learn it. Food which gives 30 seconds of pleasure on the tongue stays in your waist for 30 years. I understand this….but when I see a sweet I still fall for it. Knowing and implementing are completely different animals. Alas!
10. Invest in education, training, health, travel and fun. Very important to remember do not forget the present for doing something great in the future. The future is important, but the present is vital.

Sunday, September 11, 2011

9/11 10th ANNIVERSARY, OBAMA URGES NATIONAL UNITY

President Barrack Obama


Plane going to hit the tower




Today is the 10th anniversary of 9/11 terrorist attacks which occurred in USA on September 11, 2011 in which nearly 3000 people died.
In his weekly address, The United States President Barrack Obama sought a balance between remembering and moving forward. He also tried to summon the feeling of unity that existed after terrorists killed nearly 3,000 people.

"They wanted to deprive us of the unity that defines us as a people. But we will not succumb to division or suspicion," Obama said. "We are Americans, and we are stronger and safer when we stay true to the values, freedoms and diversity that make us unique among nations."

Obama thanked American troops who have served in the post-Sept. 11 wars in Iraq and Afghanistan. He praised the military successes that led to advances against al-Qaida and the killing of the group's leader, Osama bin Laden.

He also reaffirmed his commitment to winding down the conflicts he inherited.
"Yes, we face a determined foe, and make no mistake — they will keep trying to hit us again," Obama said. "But as we are showing again this weekend, we remain vigilant. We're doing everything in our power to protect our people."





TATA MOTORS CEO RESIGNS

Carl Peter Forster






The CEO of TATA MOTORS LTD, Carl Peter Forster (57) has resigned after serving the company for less than two years. He joined the company in 2010 coming from GENERAL MOTORS CO. where he was the head of European operations.

“I deeply regret that my personal circumstances make it difficult for me to continue to perform the challenging duties of managing the thriving global activities of the Tata Motors group with its main activities in India and the UK and increasingly in additional overseas markets,” Forster said in the release. “I am glad to continue my association with Tata Motors.”

 Forster’s resignation is a “setback” as the company struggles to boost sales at home in India“He was one of the strong pillars for JLR,” said Pramod Amthe, an analyst with Royal Bank of Scotland Group Plc in Mumbai. “His exit as the head of the business is definitely negative. Investors may not get the same level of comfort they used to get from talking to Carl.”

“The board respects Carl-Peter’s personal circumstances that led to this move,” Chairman Ratan Tata said in an e-mailed statement today. “We would like to thank him for his contributions to the successful development of our company. Forster will continue to be associated with the company as a non-executive member of the board.