HO HO HO!!

Lets welcome Year 2009!!

My To Do List:

1) Get my Degree ON TIME..
2) Take up a new language after my degree..
3) Paint my room.. Been saying for 1 year. But not doing anything.. =)
4) Clear everything in my room... Kidding la.. Pack up my room.. very messy..
5) Format my PC..
6) To add on when I think of it..

Time really flies.. In 12 months time, its Christmas again! Haha..

Cherish every minute and second with your love ones!!!

17th Oct 2008.

This year seems to fly very fast. 2 more months and that will be Christmas again.

Frankly speaking, 2008 is not a very good year for me. Busy year as well.

Pre assignment, night classes, main assignment, learning journal, exam. In fact, no rest day, no holiday. OMG.. I've missed so many oversea trips.. This is bad..

Apart from this, work is worst. I find it pretty boring. I used to love my toy.. Now? I think is the decision of some people that makes me lost interest. I shall not dwell much on this. Live with it.

Today supposed to be a special day. A year ago, I fucked it up. Anyway, I've learnt something out of it although it was through a painful experience.

Pray hard that the econmony will starting picking up next year.

Lets hope for the better in 2009!

Continue..

Lesson 4
An eagle was sitting on a tree resting, doing nothing. A small rabbit saw the eagle and asked him, 'Can I also sit like you and do nothing?' The eagle answered: 'Sure, why not.' So, the rabbit sat on the ground below the eagle and rested. All of a sudden, a fox appeared, jumped on the rabbit and ate it. Moral of the story: To be sitting and doing nothing, you must be sitting very, very high up.

Lesson 5
A turkey was chatting with a bull. 'I would love to be able to get to the top of that tree' sighed the turkey, 'but I haven't got the energy.' 'Well, why don't you nibble on some of my droppings?' replied the bull. They're packed with nutrients.' The turkey pecked at a lump of dung, and found it actually gave him enough strength to reach the lowest branch of the tree. The next day, after eating some more dung, he reached the second branch. Finally after a fourth night, the turkey was proudly perched at the top of the tree. He was promptly spotted by a farmer, who shot him out of the tree. Moral of the story:Bullshit might get you to the top, but it won't keep you there..

Lesson 6
A little bird was flying south for the winter. It was so cold the bird froze and fell to the ground into a large field. While he was lying there, a cow came by and dropped some dung on him. As the frozen bird lay there in the pile of cow dung, he began to realize how warm he was. The dung was actually thawing him out! He lay there all warm and happy, and soon began to sing for joy. A passing cat heard the bird singing and came to investigate. Following the sound, the cat discovered the bird under the pile of cow dung, and promptly dug him out and ate him. Morals of the story:
(1) Not everyone who shit on you is your enemy.
(2) Not everyone who gets you out of Shit is your friend.
(3) And when you're in deep shit, it's best to keep your mouth shut!

6 Lessons of Management Course..

Lesson 1:

A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Bob, the next-door neighbour. Before she says a word, Bob says, 'I'll give you $800 to drop that towel.' After thinking for a moment, the woman drops her towel and stands naked in front of Bob, after a few seconds, Bob hands her $800 and leaves. The woman wraps back up in the towel and goes back upstairs. When she gets to the bathroom, her husband asks, 'Who was that?' 'It was Bob the next door neighbour,' she replies. 'Great,' the husband says, 'did he say anything about the $800 he owes me?' Moral of the story: If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.

Lesson 2:

A priest offered a Nun a lift. She got in and crossed her legs, forcing her gown to reveal a leg. The priest nearly had an accident. After controlling the car, he stealthily slid his hand up her leg. The nun said, 'Father, remember Psalm 129?' The priest removed his hand. But, changing gears, he let his hand slide up her leg again. The nun once again said, 'Father, remember Psalm 129?' The priest apologized 'Sorry sister but the flesh is weak.' Arriving at the convent, the nun sighed heavily and went on her way. On his arrival at the church, the priest rushed to look up Psalm 129. It said, 'Go forth and seek, further up, you will find glory.' Moral of the story:If you are not well informed in your job, you might miss a great opportunity.

Lesson 3:

A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp. They rub it and a Genie comes out. The Genie says, 'I'll give each of you just one wish.' 'Me first! Me first!' says the admin clerk. 'I want to be in the Bahamas, driving a speedboat, without a care in the world.' Puff! She's gone. 'Me next! Me next!' says the sales rep. 'I want to be in Hawaii , relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.' Puff! He's gone. 'OK, you're up,' the Genie says to the manager. The manager says, 'I want those two back in the office after lunch.' Moral of the story: Always let your boss have the first say.

Too easy for u?

Answer to my previous post..

1) Pair up 1s and 3s to Hill B then 1s guy move back.

2) Pair up 8s and 12 to Hill B then 3s guy move back.

3) Pair up 1s and 6s to Hill B then 1s guy move back.

4) Lastly, pair up 1s and 3s to Hill B.


4 + 15 + 7 + 3 = 29 seconds... Challenging right? Haha

Fastest time?

It was a dark stormy night… A group of 5 friends was trapped on Hill A full of wild, crazy animals… They had no idea when the beasts will attack them… With a lamp that can only last for 30 seconds, they must move over to Hill B for safety... Unfortunately, the tree branch that linked the 2 hills together can only support 2 people at a time… Once they crossed over, 1 guy definitely had to bring over the lamp to the Hill A…

And of course, different people have different weight therefore; it will take them different timing to travel across… Guy A, the fastest guy needs only 1 second, Guy B needs 3 seconds, Guy C needs 6 seconds, Guy D needs 8 seconds, and Guy E need 12 seconds.

Example, if Guy E and Guy A move across to Hill B as a pair, it will take them 12 seconds.. And certainly, we will get the fastest to move back to Hill A to bring the lamp over.. So total, they had used up 13 seconds... Okie, here comes the question, "Which guy is more handsome in the picture?"

HAHAHA...

Kidding!! Can u move all the guys over within 30 seconds?

The Multiplier Effect

Y= C + S where Y=Income, C = Consumption, S= Saving

AE = Y = C + I + G + (X-M)

C= function(Y), therefore, C= a + by

Lets take some figures to get a better understanding of this effect.

Assume that C= 10 + 0.8Y, I= 10, G= 10, (X-M)= 5

Y = C + I + G + (X-M); lets plot it in.
Y = 10 + 0.8Y + 10 + 10 + 5
Y = 0.8Y + 35
Y = 175

Imagine that Goverment wants to build more schools, G increases by 2.5;
Again take Y = C + I + G + (X-M);
This time round, G instead of 10, now become 12.5;

Lets see what happened.

Y = 10 + 0.8Y + 10 + 12.5 + 5
Y = 0.8Y + 37.5
Y = 187.5

Calculating the growth rate, (187.5-175)/175 X 100% = 7%


In layman's terms, when the Goverment wants to build more schools, they will outsource the jobs to different companies. Similarly, companies will need to hire more employees to get the job done fast. At the same time, they will purchase raw material from different companies as well. This goes on and on and this is called the multiplier effect.

Always look on the bright side of life..

Sometimes, you think you are having the worst job in the world. But you are not.



Always look on the bright side of life...





I received a email from my colleague yesterday. He will be leaving the organisation soon. Wah. Time flies. The grass is greener on the other side of the fence. Anyway, I've known him for 4 years. He has taught me many things regardless good things or bad; almost everything under the sun. Thanks PD! Wish u all the best..

Alot of my colleague will be leaving soon.. Some few months more, some 1 year plus.. So sad but true. There is a saying, "There's no party in this world that doesn't end." Haha.. Dun worry guys.. I am ok.. I know this post is very gay but its human nature to feel sad right? HAHA..

Something to ponder..

My organization is going through transformation. In the Kurt Lewin’s model, there are 3 phases; unfreezing the current situation, moving to the desired condition and refreezing the system so that it remains in the desired state. I believed that my organization is at the transition stage. My organization is cutting down on manpower and to merge departments. Meaning to say, having lesser people doing more jobs.

I would say the restraining force like breaking the routines plays a big part. It used to be one department doing a particular job then handover to the other department to carry out the next job. But now, we got to learn what other department is doing and carried out their job. We have more than 1 job to do and this definitely increases the number of hours we worked each day. Multi tasking certainly saves money for the organisation as less people are been employed but does it produce the same quality of work? I supposed the work that produces in the first hour of the day is different from the work that is produce at the 8th hour of the day due to fatigue.

Training is provided for the new job but not many personnel are willing to learn. They have the mindset that whether or not they take up this additional job, they still get the same pay. It is human nature to think that the more work one does, the more incentives he will get. This is not always right. Everyone in the organisation get the same amount of pay. Even if one goes to work just to pass time without doing productive job, he still gets his salary when the pay time comes. So what are the motivating forces? You get the chance to work oversea. That is what I can only think of.

In the 21st century, you got to work smart and not work hard. Why would I say this? From my past experience in the organisation, those who work hard get lesser bonus as compare to those who are bootlicker. Bootlicker ought to work lesser but climb faster. Hardworking people work more and get more work yet remain stagnant in his position.

Is it fair?

Answer~~

Hi peepz~!

Answer to my 1st post...

1. 26 L of the A - 26 letters of the alphabet
2. 7 D of the W - 7 days of the week
3. 7 W of the W7 - wonders of the world
4. 12 S of the Z - 12 signs of the zodiac
5. 66 B of the B - 66 books of the bible
6. 52 C in a P (WJs) - 52 cards in a pack (without jokers)
7. 13 S in the USF - 13 stripes in the united states flag
8. 18 H on a G C - 18 holes on a golf course
9. 39 B of the O T - 39 books of the Old Testament
10. 5 T on a F - 5 toes on a foot
11. 90 D in a R A - 90 degrees in a right angle
12. 3 B M (S H T R) - 3 blind mice (see how they run)
13. 32 is the T in D F at which W F - 32 is the temperature in degrees fahrenheit at which water freezes
14. 15 P in a R T - 15 players in a rugby team
15. 3 W on a T - 3 wheels on a tricycle
16. 100 C in a R - 100 cents in a rand
17. 11 P in a F (S) T - 11 players in a football (soccer) team
18. 12 M in a Y - 12 months in a year
19. 13=UFS - 13 is unlucky for some
20. 8 T on a O - 8 tentacles on a octopus
21. 29 D in F in a L Y - 29 days in February in a Leap Year
22. 27 B in the N T - 27 books in the new Testament
23. 365 D in a Y - 365 days in a year
24. 13 L in a B D - 13 loaves in a bakers dozen
25. 52 W in a Y - 52 weeks in a year
26. 9 L of a C - 9 lives of a cat
27. 60 M in a H - 60 minutes in a hour
28. 23 P of C in the H B - 23 pairs of chromosomes in the human body
29. 64 S on a C B - 64 squares on a chess board
30. 9 P in S A - 9 provinces in south africa
31. 6 B to an O in C - 6 balls to an over in cricket
32. 1000 Y in a M - 1000 years in a millenium
33. 15 M on a D M C - 15 men on a dead mans chest

Haha.. So how many did u manage to solve?

From the bottom of my broken heart...

Surprised that i am posting at this hour of time? I slept too much.. Haha.. And i am working morning shift later..

Something big happened to me on the 12th April 2007.. Only some of my close colleagues or friends knew about truth.. This was the worst phase of my life and has definitely changed me.. Those feelings.. Totally helpless.. You will not know how difficult to go through all this shit? Luckily, i have 1 bestest friend that stood by my side from start to end. I would like to thank u.

Right now, I do not have the motivation or drive to work in my current organisation.. Simply because i felt very disappointed and disgusted. Hey.. Do u think i still bothered so much as before? Think again. But not to worry, i will still do my job but dun expect more..

Because of this, i started my studies earlier.. Much much earlier than expected.. Blessing in Disguise. Sleepy liao..

Wooh.. Time to slp.. Ciaoz..

Increasing Oil Prices.. Is it got to do with demand and supply?

Take a look at the prices a year ago..

Record-high crude prices have nothing to do with supply and demand but rather are caused by speculation and a weak dollar, OPEC Secretary General Abdullah al-Badri said.

World leaders have hounded OPEC to pump more as prices hurtle towards $130 per barrel, but Badri said the organization would not act on production levels until it was warranted by market fundamentals.

"There is a lot of oil in the market, stocks are very high, about 53 days forward," he said in an interview with Reuters during a visit to OPEC founding member Venezuela. "We are worried because these prices have nothing to do with supply and demand."

Read more here

http://www.cnbc.com/id/24751118

Gross Domestic Product (GDP)

GDP is the market value of all final goods and services produced in a country in a given time period. By using the expenditure approach, it can measures GDP by summing consumption, investment, goverment expenditure and net exports.

GDP = C + I + G + (X-M)

where C = Consumption, I = Investment, G = Goverment Spending, X = Exports, M = Imports.

From the formula above, the consumption (C) are influenced by a few factors. They are

- The real interest rate; When the interest rate increases, consumption will drops.

- Disposable income; This is the money left to spend after deducting taxes plus transfer payments. This will affect the consumption when you earn more, you will spend more.

- Wealth; People who are born with a silver spoon. When you have more moeny, consumption will increase.

- Expected future income; When you obtain a degree, your expected income will defintely raise and you tend to spend more. On the other hand, if you are expecting a pay drop, comsumption will decrease.

However, some activities are not included in the GDP like, doing freelance job, giving tuition, increase in the amount of DIY. Similarly, the underground economy does not include in the GDP as well. Activities like illegal and undeclared transactions, drugs, illegal gambling. Therefore, GDP statistics may not be a good gauge of a country's standard of living.

Top five cancer causing foods...

There are some foods that people who are at high risk for developing cancer should definitely avoid. They should avoid foods that contain ingredients known to cause cancer, such as refined sugars and grains, hydrogenated oils, and nitrates. But which foods are the absolute worst?

Unexpectedly they are:

1. Hot dogs - Because they are high in nitrates, the Cancer Prevention Coalition advises that children eat no more than 12 hot dogs a month. If you can't live without hot dogs, buy those made without sodium nitrate.

2. Processed meats and bacon - It is also high in the same sodium nitrates found in hot dogs, bacon, and other processed meats raise the risk of heart disease. The saturated fat in bacon also contributes to cancer.

3. Doughnuts - Doughnuts are cancer-causing double trouble. First, they are made with white flour, sugar, and hydrogenated oils, then fried at high temperatures. Doughnuts may be the worst food you can possibly eat to raise your risk of cancer.

4. French fries - Like doughnuts, French fries are made with hydrogenated oils and then fried at high temperatures. They also contain cancer causing acrylamides which occur during the frying process.

5. Chips, crackers, and cookies - All are usually made with white flour and sugar. Even the ones whose labels claim to be free of trans-fats generally contain small amounts of trans-fats.

Worth reading..

Can't Concentrate...

I seriously seriously missed the pepper, soy sauce home made macaroni.. Though its simple, once u start, u can't stop eating! I swear.. Haha... Followby the chocolate fondue for dessert.. Woooo...

Okie..

Back to assignment...

Everybody is talking about subprime..

The term “subprime” refers to loans offered to individuals at a higher rate as compare to prime rate. Because of their poor credit history and financial situation of the borrower, they are unable to qualify for a prime rate. Subprime loans are usually used to finance mortgages. So what is subprime mortgage?

A subprime mortgage is granted to borrowers with low income or bad credit which is not sufficient enough to get a conventional mortgage. It offers to consumers a way to purchase a home meanwhile builds up their credit history. Subprime mortgages carry a higher interest rates than similar mortgages available in the prime mortgage market. Subprime mortgages is risky for both the lenders and the borrowers because of the combination of high interest rates and applicants’ poor earnings.

Many subprime mortgage programs have been designed in the market. One of them will be interest only loan. Interest only loans made a lot of subprime mortgage possible. Suddenly, anyone can own a house or purchase a bigger house with little or no downpayment. As compared to conventional mortgage, the monthly payment is much cheaper. That is because homeowners were only paying the interest, and never paying down principal. This loan could be dangerous. The interest rate remains fixed for a period of time after that, they convert to conventional loan which definitely make the monthly payment much higher.

When the housing market falls, homeowners usually could not sustain the increased installment neither could they afford to sell the home. If they failed to meet the financial obligation, ownership of property will be passed to the mortgagee. This puts homes on the market for a forced sale, which drags prices down and makes it more difficult for other subprime borrowers to refinance their mortgages into loans with better terms.

Many lenders have made big losses for making these types of loans. Due to this reason, several financial companies have closed down their business. Reduction of financial companies in the markets causes less people able to get a mortgage to buy a house. This will lowered the demand for homes, therefore reduced in construction jobs. With that, it leads to unemployment. With a decline in real estate sale, prices of the real estate without fail will also falls. This contributes to the values of everyone’s home lowered. The amount of home equity loans is also affected thus resulting consumers to spend lesser. The only good thing for this is, it lessen the chances of inflation. Manufacturing jobs that produce big-ticket items will also have to stop or limit production. As the orders deline, manufacturers got no choice but to hire less workers or even lay off existing workers to cut cost. With more people getting jobless, the spending of the people eventually drops. This will also affect the retail sector which will cause retrenchment and increase the unemployment rate. It is a chain of events that eventually will cause the economy to weaken.

In conclusion, subprime loans have its advantage and disadvantage. It creates more opportunities for homeownership. However, the downside is that suprime loans are too expensive. They have high interest rate and hidden costs. Not only that, some subprime loans often accompanied by prepayment and other penalties. When the interest rate increases and the housing market value falls, the entire industry will be affected. Borrowers unable to pay, financial companies closed down, people declared bankrupt. All in all, this leads to many undesired consequences to the economy. Despite the fact that subprime loans have more disadvantages than advantages, the loans itself are neither good nor bad because it is just an economical tool.

How many cryptic can you solve?

Let me show u the first example: 24 H in a D - 24 hours in a day

Dun cheat... =P

1) 26 L of the A
2) 7 D of the W
3) 7 W of the W
4) 12 S of the Z
5) 66 B of the B
6) 52 C in a P (WJs)
7 )13 S in the USF
8) 18 H on a G C
9) 39 B of the O T
10) 5 T on a F
11) 90 D in a R A
12) 3 B M (S H T R)
13) 32 is the T in D F at which W F
14) 15 P in a R T
15) 3 W on a T
16) 100 C in a R
17) 11 P in a F (S) T
18) 12 M in a Y
19) 13=UFS
20) 8 T on a O
21) 29 D in F in a L Y
22) 27 B in the N T
23) 365 D in a Y
24) 13 L in a B D
25) 52 W in a Y
26) 9 L of a C
27) 60 M in a H
28) 23 P of C in the H B
29) 64 S on a C B
30) 9 P in S A
31) 6 B to an O in C
32) 1000 Y in a M
33) 15 M on a D M C

Will post the answer soon.. Stay tuned..