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Friday, January 16, 2009

Bank of America bail-out agreed


Bank of America receives $20 billion from US government and $118 billion worth of guarantees against bad assets.

The funding will tally the troubled bank's fund that it incurred when it bought Merrill Lynch.

Shares in Bank of America fell 17.5% on Thursday as the banking sector took a hit.

The US Treasury said "Aim of the scheme is to encourage financial market stability and hence to strengthen the economy and protect jobs in America ".The deal guarantees residential and commercial mortgage investments, derivatives and corporate debt.

In return for the aid, the bank must meet strict restrictions on executive pay.

Bank of America's problems hiked when it decided to take over Merrill Lynch, another US banking giant fell victim to the global crisis.

Bank of America underestimated the levels of debt it was taking on as a result of the deal.Bank of America's management just went into an acquisition of Merrill Lynch and now need aid.

Monday, January 5, 2009

Apple CEO Jobs announces medical leave


Casting a pall over one of the world's most closely watched companies, Steve Jobs, chief executive of Apple, said on Wednesday that he was taking a leave of absence because of health concerns.

Jobs wrote in a letter to Apple employees, released after the markets closed, that he had learned over the last week that his health problems were "more complex" than he originally thought. He said he planned to return to Apple at the end of June and in the meantime would hand day-to-day control of Apple over to Timothy Cook, its longtime chief operating officer.

Jobs, 53, wrote that curiosity about his health continued "to be a distraction not only for me and my family, but everyone else at Apple as well." He said he would maintain the chief executive title and stay involved in major strategic decisions.

Jobs offered no new details about the cause of his health problems. In a letter last week that was meant to calm fears about his condition, he said a "hormonal imbalance" was robbing his body of proteins and causing him to lose weight. Jobs recovered from pancreatic cancer after surgery in 2004, but has appeared unusually gaunt at recent appearances.

Two people who are familiar with Jobs' current medical treatment said he was not suffering from a recurrence of cancer, but a condition that was preventing his body from absorbing food. Doctors have also advised him to cut down on stress, which may be making the problem worse, these people said.

An Apple spokesman, Steve Dowling, said the company had no comment beyond Jobs' letter.

Apple shares dropped sharply in after-hours trading after the release of the letter, losing $5.63, or 6.6 percent, to $79.70. The stock fell 2.71 percent in regular trading amid a broad market slump.

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In June, when Jobs appeared strikingly thin at a company conference for programmers, an Apple spokeswoman said he was recovering from a "common bug." Soon afterward, Jobs acknowledged to the New York Times that he was suffering from digestive difficulties related to a surgical procedure he had as part of his cancer treatment.

Then last week, Jobs sought to calm speculation about his withdrawal from his regular keynote speech at the annual Macworld conference by acknowledging he had a "hormonal imbalance."

"The letter last week pretty much tried to reassure people that his health condition was extremely minor, but obviously it is more serious than first thought," said Ryan Jacob, founder of the Los Angeles-based Jacob Internet Fund, which owns a stake in Apple. "It's disturbing."

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Some shareholders and analysts have expressed frustration with the trickle of news coming from Apple about Jobs' health.

For most companies, such information is not crucial because they are not so closely associated with one person. But Apple may be an exception. Since he co-founded Apple in 1976, and particularly since he returned to it in 1997 after a decade-long absence, Jobs has been inextricably linked to the company and its brand.

Over the past eight years, he has, seemingly single-handedly, powered Apple back to the forefront of the technology industry. Apple has sold 180 million iPod music players, and over the past year, it has sold more than 20 million units of its slender iPhone.

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But Jobs does not run Apple alone, and now at least one of his deputies will get a moment in the sun. Cook joined Apple in 1998 from the computer maker Compaq and is responsible for the company's manufacturing and sales operations.

By all accounts, Cook does not have the long-term vision or showmanship of Jobs, who appears capable of peering around corners into the future of technology, and can whip crowds into a frenzy merely by taking something new out of his pocket.

That is why analysts and shareholders saw so much portent in Jobs' 170-word letter.

"These are times where you reflect about what Steve Jobs means for the company," said Gene Munster, an analyst at Piper Jaffray. "At the end of the day, investors need to come to grips with the reality of a post-Steve Jobs world. This is the most urgent wake-up call they have had."

Wednesday, December 17, 2008

HOW TO APPLY FOR PASSPORT

Search for your regional passport office site

First you search for the regional passport office site, say you search as regional passport office+tamil nadu for other states you replace your state for tamil nadu. The site may have address in the form (for Tamil Nadu) http://passport.tn.nic.in/.
ONLINE REGISTRATION

Click the Online Registration button
  • On clicking this button you will be displayed with application form.Fill the form and then save each page and take print out(Totally 6 print outs for fresh cadidates).
  • At the end of the form you will be given the date and time when you need to visit the Regional passport office.

  • Particulars that you should bring to the passport office
  • Voters ID Card orginal and 2 photo copy of it with your signature on it.
  • Ration Card orginal and 2 photo copy of it with your signature on it.
  • If you dont have any of these you should bring any other address proof(both orginal and 2 photo copies of it with your signature).

  • At the regional passport office
  • There will be seperate queue for online registration.At first you have get verified from one officer,then you should join another queue for the approval, then atlast another queue for paying the money(Rs.1000 for ordinary and 1500 for Takkal).



  • Monday, December 15, 2008

    Love and Time

    Once upon a time, there was an island where all the feelings lived: Happiness, Sadness, Knowledge, and all of the others, including Love. One day it was announced to the feelings that the island would sink, so all constructed boats and left. Except for Love.

    Love was the only one who stayed. Love wanted to hold out until the last possible moment.

    When the island had almost sunk, Love decided to ask for help.

    Richness was passing by Love in a grand boat. Love said, 
    "Richness, can you take me with you?"
    Richness answered, "No, I can't. There is a lot of gold and silver in my boat. There is no place here for you."

    Love decided to ask Vanity who was also passing by in a beautiful vessel. "Vanity, please help me!"
    "I can't help you, Love. You are all wet and might damage my boat," Vanity answered.

    Sadness was close by so Love asked, "Sadness, let me go with you."
    "Oh . . . Love, I am so sad that I need to be by myself!"

    Happiness passed by Love, too, but she was so happy that she did not even hear when Love called her. 

    Suddenly, there was a voice, "Come, Love, I will take you." It was an elder. So blessed and overjoyed, Love even forgot to ask the elder where they were going. When they arrived at dry land, the elder went her own way. Realizing how much was owed the elder, 

    Love asked Knowledge, another elder, "Who Helped me?"
    "It was Time," Knowledge answered.
    "Time?" asked Love. "But why did Time help me?"
    Knowledge smiled with deep wisdom and answered, "Because only Time is capable of understanding how valuable Love is."

    Tuesday, December 9, 2008

    MS in US

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    So Having Ideas of pursuing your Masters in US ? Lets get the Fundamentals straight!

    Welcome Aboard ! But you have a long way to go:) But its a wonderful experience and ofcourse you ll learn the importance of patience.Since you have decided to pursue Master's inUS, you should have decided your area of interest too.If not, do that first.Choose three areas which you feel comfortable with.Do a lot of research in those areas.Find out universities that have excellent research opportunites in your area.You might like a particular field , but it might not have much opportunites for future growth.So it's better to have two or three options.Visit the universities web site and find out the present research they are undertaking.Try to find if your seniors are working in that area.Its always better to get the opinion of a person who 's already working in the field.But take an independent decision.Don 't choose a particular university just because your friends are headed thr.After all It s your life!

    So coming to the actual procedures..

    First of all you need to apply for a passport.Well, You might think , what the big deal! Just fill in the forms and get the passport via tatkal within a week. But be sure to mention your first name and Last Name correctly.Cause ppl in US give a lot of importance to your passport.Its the document that serves as identification for all purposes.So if you don't have a surname, you might face problems -the way your name is recorded in i20 .This is because , Family Name or Surname is very much essential in US.For surname ,you can use your father's name.So be careful and fill in the details correctly while applying for passport to prevent confusions in future.

    The next step is GRE.Preparation for GRE can typically vary from 1-3 months depending upon the time you spend for it.A good vocabulary is the need of the hour.Internet is a very good source that can be used for preparation.Norman Lewis is a good book that helps you expand your vocabulary , if you begin your prep early.Math section of GRE is supposed to be easy.But some ppl tell that the difficulty level has increased recently.So give equal concentration to math and vocabulary when you start your prep.

    To be continued ...

    Sunday, December 7, 2008

    How to enable Wampserver when Oracle Agent is Running

    First of all both Wampserver and Oracle Sql PLus utilises the same web server Apache .Since you have installed both the oracle and the wampserver suite .. it means that you have installed Apache Web Server two times .

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    The one which is installed recently will be working fine and the firstly installed suite will not work since it will be disabled by the recently installed suite.

    Or else the Oracle will work fine since the oracle agent and the oracle HTTP server will be activated while booting . Since wampserver is activated only when th developer starts it , it will show that the wampserver is offline in the quick launch toolbar .

    For rectifying this problem,Do the following steps:-

    Step 1:

    Start the Wampserver and wait for the wampserver icon to launch in the quick launch toolbar.Then click on the icon anselect -> localhost.



    Step 2:

    Step 1 results in the following page.

    Step 3:

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    Now select the following Wampserver icon -> Apache ->httpd.conf

    Step 4:

    Now the httpd.conf file opens ,then search for the text listen and then change the port no Listen 80 to

    ip address:8080

    Listen 8080

    as shown below in the image

    Step 5:

    Now restart the wampserver and click put online if the below screen is displayed.

    Step 6:

    If that doesnt work out, do this and stop the Oracle services which are automatic as shown below..

    Step 7:

    Then repeat the step 5 .Then click on the icon anselect -> localhost.

    I hope ur wampserver works fine ... if u still have doubt comment here ...

    Lizard helps type 2 diabetics to produce insulin

    Most diabetics have difficult with an unending cycle of ill health, obesity and weakness obesity as the pancreas produce little or no insulin, the hormone that converts glucose to energy. Plus, diabetic drugs usually make the patient obese, which adds to the risk of high BP, heart problems and strokes. So it's essential to have drugs which control sugar levels and reduce weight.

    And that's what a new drug, Byetta, does, say experts. It's made from the saliva of the Gila monster, a venomous lizard from Southwest America. It's the first in a new range of anti-diabetic medicines and is FDA-approved too. However, it can be used only on Type 2 diabetics.

    Unlike Type 1 diabetes where there's no insulin secretion, in Type 2, insulin production from the beta cells of the pancreas isn't sufficient. And for Byetta to work, viable beta cells are needed, says Dr Ambrish Mithal, senior endocrinologist, Apollo Hospital, Delhi.

    It works in three ways: It signals the pancreas to make the right amount of insulin after a meal; stops the liver from making too much glucose when the body does not need it, reduces appetite and the amount of food eaten and slows the rate at which glucose leaves the stomach.

    Type 2 diabetics form 90% of the estimated 40 million diabetic cases in India. Almost 80% of them are obese, says Mithal. Adds Dr Pradeep Talwalkar, professor, diabetology, Raheja Hospital, Mumbai. "It suppresses rise in sugar levels by suppressing glucogon, a hormone which has the opposite effect of insulin."

    "Byetta" says Mithal, "can produce nausea and vomiting in some patients. It is a niche drug, not for all diabetics, but is a good choice for those who need to lose weight with high post-meal blood sugar rises that remain uncontrolled even on oral medicines."

    "Byetta also carries a lower risk than insulin of causing hypoglycemia, a dangerous condition where the patient can lose consciousness and slip into coma as insulin drops to very low levels," says Talwalkar.

    Wig's case is an ideal example. "I was not judicious about my medicines and kept oscillating between oral medicines and insulin. Meanwhile, my weight and sugar levels went for a toss till I started taking Byetta," he says.

    It's important for obese diabetics to lose weight, says Chennai-based Dr A Ramachandran, president, India Diabetics Research Foundation, as obesity makes them resistant to diabetic treatment. "It is, in fact, an analog for hormones which produce insulin called incretin." A weight reduction of 5-6 kg a year is good, says Mithal. Byetta is normally given with oral medicines.

    But it's expensive — around Rs 7,500 monthly. Rimi Dasgupta, a 41-year-old diabetic, who lost 12 kg and with sugar levels which came down to 140 mg/dl from 390 mg/dl, says, "It's easy to inject, but I don't know how long I can take it as it's expensive. I hope to continue it for a year."

    Byetta comes in a prefilled injection pen which uses a small needle. This pen contains pre-measured doses, so the patient doesn't have to adjust the dose. It's injected twice daily before morning and evening meals.

    Generally, the patient is started off on a dose of 5 micrograms (mcg) twice a day for at least 30 days, but this could be increased to 10 mcg based on individual results. In clinical trials, it was found that on an average, patients lost five pounds in 30 weeks. However, Byetta cannot be used simply for weight reduction.

    Though there are other new medicines which stimulate the pancreas to make insulin without producing hypoglycemia such as Januvia and Glavus, says Ramachandran, these don't make a patient lose weight.

    Byetta could just be that shot that makes a difference.