Posts Tagged ‘US’
Importance of Networking
Having studied and worked in India all my life, I never understood the importance of networking. Most of us from IIT get campus placements and from then on, any job change is driven by resume upload to a job portal which follows a smooth process. Even employee referrals are not too much networking driven.
In US, the script is flipped. Your background, education, work experience, only matter to a certain extent. The most important aspect is to reach out to people and keep the dialogue going. It takes time to adjust culturally. But once you give into it, you realize that it is indeed an excellent system.
The logic behind reaching out to people in various firms, meeting them, having discussions with them, is that it gives one insight into the culture of the firm and it also helps firm to know if you will be a cultural fit. The idea is to keep attrition rate low and find the perfect candidate for a job.
Any firm here is fine with hiring a less qualified individual over a more qualified one, if he/she shows more interest for the job. And it makes sense too. People with ample work experience will know that after a while all jobs becomes routine and only thing that keeps you going is if you feel at home at your office, if you like to work with people you meet and greet daily.
Hence society here stresses too much on networking. Let me explain this by another example. Ultimately any company is selling something to customers. All jobs boil down to relationship building. If you are good at building relationships before coming into the job, you will be better at it once you start with the firm.
For international folks in US, it sounds too alien. But the earlier we understand, the better.
Why are US Elections Polls numbers so varied?
A quick look at Real Clear Politics (RCP) poll page will show you that poll numbers between Trump and Clinton are hugely different on various opinion polls. They vary from +12 in favor of Clinton to +7 in favor of Trump. RCP uses few latest polls and takes their average to give a number. But the question is why so much difference? There are a few reasons as per what I understand.
- Who are People polled: Most important is the demographic of the respondents. Votes can be broadly divided into registered Democrats, registered Republicans and Independents. Registered Democrats are more likely to vote for Clinton while Registered Republicans are more likely to vote for Trump. If majority of voters polled are Democrats then results will be skewed in favor of Democrat candidate and same goes for Republicans. Hence pollsters divide the voters polled evenly between Democrat and Republican to get a clearer picture. How much ratio a pollster keeps, decides the poll number. Some use actual/exit-poll data from last election to decide on this ratio. Some predict the ratio on basis of the current mood of the public. For example in 2008 Democrat turnout was huge due to Obama wave which was different than in 2004. Different polls keep different ratio of Democrats/Republicans and hence different number.
- LV/RV: Likely Voters v/s Registered Voters. Some pollsters poll RV, some poll LV. Registered voters are the ones registered to vote. LV’s are the ones that are likely to vote in the election out of the Registered Voters. This LV formula differs among pollsters, causing the differences. Likely can again be based on party affiliation, age, ethnic background among other things.
- Political Leaning of Pollster: This is one if the major factors believe it or not. Pollsters themselves have their own political leanings. They tend to be biased. More so in a polarized environment. They think they can sway the public opinion especially in the early polls.
- Quid pro quo: In today’s world reputation is the last thing that gets you money. Some quid pro quo with one side or the other, goes a long way in the practical world and hence the discrepancy.
South China Sea issue: What will India do
We have an unprecedented global situation at hand. A UN backed tribunal has ruled against China’s rights over South China Sea. I call it unprecedented as China does not seem to be backing down and there seems to be no global power who overrules China. I call it unprecedented as unlike before US seems to be in no position to play Big Brother. I call it unprecedented as it seems to the pivotal moment in Asian history which just might crown China as the Asian leader.
What I make of it is China will not back down and Obama lacks political wherewithal to make China back down. World Order that we have seen since India’s Independence is about to change. There is no Papa of the world to run. I call it destruction of the singularity and entering into the plurality. US lead position is in danger and with it India’s security and foreign policy.
India has been backed by US to take on China. China being Pakistan’s all weather friends. What should India do now? India lacks global power to openly defy China. Also to become part of anti-China group will not bide well given that clout of any such group is itself in question. Pak will be brimming that is for sure.
I feel India will be a silent spectator on this. It will give a silent approval to China’s authority and in return bargain for NSG and UNSC support from China. This I feel Modi is most likely to do and this I feel is the best of the situation India can make.
I guess China also knows this at some level hence it has been holding out on India for NSG and UNSC bids. Now I feel is the best time for India to go for the kill and win some back room bargaining. It’s always good to make best of the obvious ending. Sense the result and back the “to be winner”.
Modi, Obama and UN
A lot of media coverage in India has been given to Modi and Obama meet. It has been touted as once in a lifetime event. A game changer; an earth shatterer.
There are valid reasons to some extent. US is at the top in the current era of single point of power. Hence newly elected head of the biggest democracy meeting US President sure is news. But I think the grandeur more or else must stop there.
Modi meeting anybody is news in India. I have to make my displeasure known when meeting with a failed Global Leader, Obama is given this outrageous coverage. Some might raise eyebrows on what I just said but Obama has indeed turned out to be a failure at Global stage unlike his predecessors.
Reasons can be aplenty. Starting from compulsions of uplifting economy back home to simple lack of acumen. At this point of time its hard to imagine Obama towering over state heads during conversation. One can easily remember Clinton or Bush doing so. This has sadly let to dimnished US clout which does not bide well for world peace.
For me Modi meeting Obama or speaking at another disappointing body UN is nothing note-worthy. The only positive I see coming out of it is showcasing vision and clout in front of world media which is present at UNGA meet.
Thumbs up to Modi for achieving the same. I sincerely hope Modi doesn’t end up being a failure like the two important destinations of his US visit.
Detroit Bankruptcy: What it means?
Detroit pitching for high profile bankruptcy evoked nostalgia, given that I was part of the investment bank, which was one of the high profile bankruptcies of the 21st Century. I have only read of the Russian default of the old, but seeing an entire city go bankrupt in our times, is entirely different.
Detroit is more significant as it was the boom baby, the once-mighty motor city and the pillar of American economy. The situation is also symbolic of declining manufacturing might of US (barring the Weaponry).
How does bankruptcy work for a city?
When a firm goes bankrupt, the assets are sold off and creditors paid off on basis of debt seniority. If Detroit goes bankrupt eventually, it may have to fire public employees. May have to sell off its properties, which includes government offices, public schools, parks and whatever city owns (not the private property). Legally speaking all of it might happen. But since it’s a city, with humanity and politics involved, it might not come down to this.
Newly appointed Emergency Manager of Detroit Kevyn Orr, has put together a plan to save the city. It can be read here. I have tried to summarize the plan and what holds for Detroit in the future.
How bad is the situation?
Population has declined from 1.8mil in 1950 to under 0.7mil in 2012, showing clear signs of decay. Unemployment rate has shot up from 7.3% in 2000 to 18.6% in 2012. Total number of employed people has gone down from around 350k in 2000 to 275k in 2012.
City tried by increasing taxes which resulted in businesses leaving and people migrating. Though tax %age got higher, the quantum of tax kept shrinking. To quote from the plan, “The City is currently levying all taxes at or near statutory maximum rates.”
Reduced security spending over last 10 years resulted in 40% job cuts in Detroit Police Dept. This has led to DPD’s response times getting extremely high. Crime rate has become highest in its population category. Add to this, ageing police cars and fire equipment.
Lack of maintenance has left 40% street lights non-working. Almost all public parks have been shut down (317 open parks around 5 years ago). Public transport has taken a beating due to unmaintained buses. Around 40,000 buildings have turned into dangerous structures sans repairs.
Estimated debt has ballooned to 18billion dollars. Citi has already deferred interest payments to creditors and contribution to pensioners. Bonds have no value anymore. Credit rating has plummeted from A in 2003 to CCC in 2012 (Courtesy Fitch Ratings)
Why is the need for bankruptcy?
It’s not exactly bankruptcy but protection from creditors till city restructures itself. In other words since Detroit does not have money to pay creditors and pensioners, it has to take some legal recourse to save itself from lawsuits demanding the same.
To quote from the plan, “The City cannot stabilize or pay creditors meaningful recoveries if it continues to shrink. Since the City will not generate sufficient cash to pay all liabilities, alternatives have to be considered. Need to reform the City government operations to improve efficiency and reduce costs.”
What’s in store post bankruptcy protection?
Well if City wants it can just deny paying its liabilities and no one can sue. It won’t be able to raise money by bonds and other resources as no one will be ready to lend. City will most surely increase Tax Rate forcing the remaining businesses to consider moving out of the city. It will further fire city employees to reduce operating costs, thereby shooting up unemployment rates.
How the future seems bleak is summarized by the following quote from the plan, “Where cost savings or service improvements can be achieved, the City will explore potential outsourcing of functions.”
For all I can say, its Gotham time for Detroit. Hope it finds its own Bruce Wayne.
2012: The year that wasn’t
Topmost could have been headlines of year 2012.
1. India demolishes Eng 3-0 in the home Test Match Series. Tendulkar hit his first triple ton. Gambhir is vindicated of “see you at home” remark. BCCI decides to scrap away Tests from ICC Future Tours Program. BCCI chief Srinivasan said and I quote “All Tests played in Chennai will be Home Tests and those played elsewhere in the country will be Away Tests”.
2. World not able to witness 21st Dec 2012. Just as predicted by the great “Ronald Emmerich” in his movie 2012, owing to Earth Crust Displacement and massive Earthquakes, 90% of human civilization is wiped off. This news is telecasted from US Space Station. John Cusack is among the survivors.
3. London Olympics 2012, turned out to be a disaster, overshadowing Delhi Common Wealth Games. Kalmadi was grinning from ear to ear with, “I told ya sa” expression. Anacondas and Godzilla’s were cited around athletes’ village. Organizers are blaming it on different perceptions of security standards across the world.
4. US Presidential elections were marred by an act of shooting when a heated argument between Obama and Romney got out of hand. Both took out their M16’s and started shooting at each other and the audience. The audience were already dead of boredom so no harm done.
5. 2012 was landmark year in India as far as women safety was concerned. Women Safety Bill 2012 was passed in the parliament, which led to Women only Police stations and death penalty for rapists. Country saw ZERO rape cases and only handful of eve-teasing incidents this year.
6. AK series phone have made Nokia the market leader in Smart Phones. Foldable screens and Phones which could shoot better than AK47 have done the trick. “We don’t need to buy a gun for Mass Shootings, We buy Nokia instead”, said a consumer. Apple will be filing for Chapter 11 Bankruptcy during March next year. Samsung is in talk with Yahoo for a possible sellout.
7. United Nations Security Council intervens in the Julian Assange’s case. US/UK could face UN sanctions owing to gross human right violations. Wikileaks brings to light more facts that no one was aware of. “Sun rises in the East”, “Earth is round” and “Blueberry cheese cake is awesome”.
Among other news.
Chuck Norris was not able to kill two birds with one stone. Rajnikant was cited asleep. Superman wore underwear under his pants. Batman finally played cricket. Vivek Oberoi became superstar. Chacha Choudhary got beaten by new Ipad in chess. Manmohan Singh saw movie of his choice.
Walking Genius
There are times in life when we end up making fool of ourselves. One such incident happened to me lately. Made an a** of myself. I realized I am not alone. People like me walk among us. I would like to pay my respects to some such pals of mine.
PSO Padam Singh
Personal Security Officer of UP CM Mayawati, Padam Singh, bent down and wiped her dusty shoes. “I just noticed the dust on her shoes. I follow Clean India Green India campaign and wiped of the dust. What wrong have I done?”
Muammar Gaddafi
“They love me. All my people are with me. They love me all. They would die to protect me”, Libyan leader Muammar Gaddafi gloated, laughing off international pressure to step down. When questioned as to how can he laugh it of, while he is slaughtering his own people, Gaddafi said, “I am just a happy person. I laugh all the time. More so since I started watching FRIENDS. Long live America!”.
S M Krishna
External Affairs Minister SM Krishna accidentally read out the Portuguese Foreign Minister’s speech at the UN.
“There was nothing wrong in it, I was just trying to learn some Portuguese”, clarified Krishna. A headline read, “Dear Krishna, all is forgiven. Don’t catch the wrong flight.”
Ratnakar Shetty
When asked whether it was unfair that only 4000 tickets would be sold to public for a game as important as the World Cup final, Shetty said the members of the clubs are also part of the “public” and so he disagrees that public is not getting any tickets.
Speechless! Well species like these are found in trio’s, lest they hurt themselves.
Haroon Lorgat
Some miscreants stoned WI team bus after Bangladesh’s shameful defeat. ICC CEO Haroon Lorgat played down the incident, calling it ‘minor’, pointing out that few individuals had thrown pebbles at the bus. This left WI team manager furious.
Bangladesh’s Cricket Board left the world further puzzled when it added that people mistook WI team bus to be Bangladesh team bus. They walk among us!
Hillary Clinton/Obama
US President Barack Obama pressurized Pakistan to treat Raymond Davis, who allegedly shot dead two men in Lahore, as a diplomat and release him. US Secretary of State Hillary Clinton reportedly “forced” Pakistan to confirm the diplomatic immunity for Davis while threatening to withdraw the $1.5 billion aid.
“Life of a US citizen with per capita $48000 is way more than that of two Pakistanis with per capita $1000. It’s pure statistics”, asserted Hilary while greeting Davis back home.
Manoj Tiwari BB
Fuming over his eviction from the ‘Bigg Boss’ house, Bhojpuri star Manoj Tiwari hit back at Salman Khan and his brother Arbaaz Khan for ‘scripting’ his eviction from the controversial reality show as a part of larger ‘conspiracy’ against Bhojpuri actors
Manoj Tiwari Fan Club president Manish Kumar, along with a bunch of followers protested against Tiwari’s eviction, claiming that ‘Bigg Boss’ ‘insulted’ the 26-crore Bhojpuri community.
Your’s Truly
Incident With-hold
Study in US: A new Reality
I was talking to few of my friends who are pursuing Phd from US or have applied this year. The number of calls has become less with surprising number of rejects coming in. The situation seems grim.
Let me explain a bit. Every year Indian students apply for MS (Masters)/Phd in foreign universities (prominently US). Seats are offered to select students, often with scholarships. In case of IIT students, mostly, entire tuition fees is remitted. They are also paid stipend based on TA (Teaching Assistant) and RA (Research Assistant) work they do.
Due to the recession in recent times, universities have to cope up with reduced federal and private funding. They are no longer able to support large number of scholarship students. Coupled with the new protectionist approach of US, immigrant students feel no longer welcome, the way they were some time back.
Students need to submit a SOP (Statement Of Purpose) letter along with their admission form. They explain their education, expertise, research preference and the need for scholarship. I have seen a number of SOP’s and the end paragraph is full of blatant begs. “Coming from a poor country…I don’t have means to sustain the education fees…I am from an underdeveloped part of the world”, and more such lines.
For those who might consider me a skeptic, I want to stress that its not like a one way street. Universities also get to choose brilliant students who do research work ample times more than the money invested in. There is another side to it too. A bit harsh though.
The funda of scholarships was based on uplifting the poor. India was always perceived as full of talent. “The students don’t have money but they are brilliant, let’s help them and our research will prosper in return.” During last 25 years or so we have seen some path breaking work done by Indians in the US.
Past 5-10 years or so have seen an unparalleled growth in India. A new kind of generation has arrived which takes a new sense of pride in its country. No ruing the administration but striving towards change. This generation is Globally aware. Studying in US or going to London for a holiday is no longer the ultimate dream. The quantum of this generation is less but the impact is huge. This generation has IPL, the multi billion dollar cricket league, it stands up against racism in Australia, it voices against Ganesha on Chappals.
Here comes the catch. We no longer consider ourselves inferior. We have bred an arrogance on the likes of US, UK and Aus. Still we continue with the same set of SOP’s. How long can this work?
Lets see from the point of view of US citizens. They see Mumbai. They see Indians standing up for themselves. It is difficult for their Govt to explain spending money on students from such a rapidly growing economy. There is also a lesser moral satisfaction to this philanthropic deed. Would be logical if they moved to poorer countries of Africa. Indians are also waking up to this new reality. I have seen a lot of people now applying for MS/Phd procuring bank loans.
Growth is restrained by this logical tool. The more you grow, the lesser is the growth rate, coz the competition is higher at the top, where the charity stops.
Who can God be?
Over the years I have wondered about the existence of God. Is he here with us on earth or is he celestial? If he is on earth, what form has he taken? Is he a human, an animal, a tree, some inanimate object perhaps? I have come up with some logical deductions, like always, on who could God be. My assumptions are the qualities that we all believe God possesses. Armed with these traits of God, let us try and decipher the Holy Grail.
1. God is the Creator: God is Lalit Modi
God created us humans from scratch. Lalit Modi created IPL from scratch. God created 9 planets, Modi created 8 IPL teams. Just because Modi forgot one team, poor Pluto was stripped of its planet tag, thus maintaining the order divine.
He created the Champions League. He created the position of IPL Commissioner. He created three children of his own. He created a new political divide between India and Pakistan and the prototype for the modern Indian working lady. God created the world in 6 days. Modi created a whole IPL-2 in S. Africa equally fast. Such is the might of God.
2. God is Immortal: God is Afzal Guru
God is not subjected to death. He must be Afzal Guru for sure. Regardless of Supreme Court death sentence to him, he is still alive. Maybe it’s not Congress’ fault after all. It’s just God and his ways.
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3. God is Omnipresent: God is China
China is present everywhere today. Look around, all you see is Chinese made goods. From head to toe you are covered in China. Chinese phones, Chinese toys, Chinese clothes, Chinese babies, Chinese dolls, Chinese food to name a few. In fact the Chinese themselves are all over the world. You look here, Chinese. You look there, Chinese. Next time you go to your home. Check the attic. I am sure Chinese would be there too. Next in line towards Godship are we Indians for all the obvious reasons.
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4. God is Immutable: God is Govt. of Maharashtra.
If God is not susceptible to change, my deduction would be he is Maha. Govt. A year has passed since 26/11, still no change. Everything is same.
` RR Patil is still Home Minister. Same old traffic problems.
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` Same old Security issues. Pawar’s smile is the same since eternity. Go to hell price rise.
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5. God is The Ultimate Truth and Ultimate Reality: God is Sach ka Saamna
What if God is a game show? Sach Ka saamna, which is the Ulimate reality show which brings out the Ultimate truth from the contestant. So is God a reality show and Rajeev Khandelwal is his agent?
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6. God is Boundless: God is US thirst for Oil
Maybe God is not something animate or visible. It is something as abstract as US thirst for Oil. It’s not US fault that they invaded Iraq and killed thousands of innocent people. It’s just what God forced it to. This feeling is boundless and cannot be contained. Hence US is forced to quench the thirst of Oil, sometimes by the blood of innocent people.
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7. God has vast, un-imaginative powers: God is Madhu Koda
Madhu Koda might not be corrupt after all. It’s just his un-imaginative powers that converted nothing into billions. Remember “Turn water to Wine”. It’s just God’s power that took effect. He is no crook.
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8. God is Necessary (cannot do without): God is Mobile phone
We cannot live without mobile phone. The moment it is not in sight, we feel cut off from the world. We feel uneasy, itchy, dizzy and in despair. Better we died. Maybe this addiction is not our fault. It’s just that we cannot do without God. Long live Mobile!
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9. God is Perfect: God is definitely not Microsoft Windows
One thing is sure, God is not Microsoft Windows. With so much defects clubbed together, it seems Windows was written with code collected from junk sale. Definitely not what God is made of!
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10. God is our father: God is Genghis Khan
A study identified a Y-chromosomal lineage linked to Genghis Khan, present in about 8% of the men in a large region of Asia. We are descendants of Genghis Khan. In fact the slang, “Ghenghis Khan ki Chati aulaad” is not used just like that. Most of us are his children and he is our father. Gandhi is just father of a nation, Genghis fatherhood transcends all boundaries.
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11. God is the Ruler: God is the media
Media has the complete dominion of the world. It’s media that rules today. News media makes/breaks stories. It twists news for TRP’s. Maybe it’s just the act of God to show complete control and not some wrong doings on the part of media.
12. God is Immaculate (free of stain, spotless, absolutely pure): God is Katrina Kaif
God! She is gorgeous. So spotless, so pure, so free from error. How gentle and lovely is she. If there is someone purer than Katrina, I reckon there is no God. I would not want to pursue my hunt any further for the God who made Kat inferior to anyone. I am ready to go to hell for her.
Deja vu: Life a universal struggle
An American resident and an Indian taxi-driver in US.
American: Where are you from?
Indian: India.
American: Oh! India, I have heard a lot about it.
Indian: Really, what?
American: It has a great cultural heritage and history.
Indian: Yes, true.
American: I have also heard there is rampant poverty there.
Indian: Well, it’s not exactly so.
American: You are saying there is no poverty?
Indian: It’s not what I said. The things have improved.
American: Why were you forced to move out of your country to work here?
Indian: I was not forced. There are greater opportunities here.
American: You lack opportunities in your country?
Indian: A lot new opportunities have come up now.
American: What is the reason for poor state of affairs in India?
Indian: Oh it’s all because of corrupt politicians.
American: Why do you guys vote for such leaders?
Indian: People are illiterate and are duped on the basis of caste and religion.
American: It sounds too bad.
Indian: Not so, as I said the things have improved a lot.
American: Tell me.
Indian: Our economy is improving day by day. We have multi-stories, malls, discos and per capita has improved a lot.
American: I heard that you guys have very high crime rate and officials too corrupt.
Indian: No it’s not so. As I said, its improving as country is developing.
American: You guys work for cheap here, don’t you think you are exploited?
Indian: I save enough to send back home. It is enough for my family there.
American: Don’t you miss your family?
Indian: I miss them dearly.
American: Why don’t you bring them here then?
Indian: I won’t be able to afford it. I go and meet them once a year.
American: It all made me sad but I really like your spirit. Bye
Indian: Good Bye Sir.
Just change American by someone from say Mumbai/Delhi and Indian by someone say from UP/Bihar and the question/answers remains the same. Is struggle the essence of life? I fail to find an answer. All I can do is vow to work harder than ever to erase the need for such questions, the need for such answers and the existence of such differences.
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