Common Wealth Chaos

The “Common Wealth Games (CWG)” in an international carnival of events taking place every four years which features competitions among thousands of elite athletes of the Common Wealth Nations. Most of the sporting events are similar to the traditional Olympics but the CWG also includes some specialties of the common wealth nations like the ‘lawn bowls’, ‘rugby sevens’, ‘netball’, etc. The common wealth federation controls the sporting program and also selects the host country. After only seven countries having organized the games right from its initiation in 1930, INDIA was selected as a host for the 2010 event. This selection is an achievement in itself that every Indian should be proud of.

Recently there has been so much propaganda about the preparation of the event and the organizing committee doing a job below expectation a New Delhi. The committee led by “Mr. Suresh Kalmadi” has been inefficient to bring out a mystical Delhi as it was expected to do so before the games. It has been charged with corruption which is a shameful event considering that these games are a chance for us to showcase the world our heritage and culture which meets with the internationally accepted standards. The mission statement of “Delhi 2010” committee focuses on projecting India as an economic power an Delhi as a global destination. These games are to leave behind a long lasting legacy for our future generations.

With just a week remaining for the games to kick off, I believe that the role of our media should be to highlight the infrastructure developed in Delhi for the CWG, and encourage the thousands of people involved in the working force by praising their work so that they can continue with their full efficiency and dedication. But instead, what are we doing? Every news channel in the country is showing spit stain on a certain wall of the kiosk village. Okay, there a flaws with the work, but do you need to implicitly broadcast that on international television. It’s a pity that the name of my mother nation is at the mercy of media. Why don’t these channels and newspapers show the magnificent stadiums, sports arenas and pools we have come up with. Isn’t that a part of their obligation.

People are sharing comic photographs on social networking sites with the whole world showing how India has screwed up the event planning. People have no idea of what has been achieved and they lack the civic sense of acknowledging the same. Rather they want to disgrace India by spreading rumors which are again initiated by the media.

All I want to say is that we should stand as ONE as show our strength to the world. If China can do such a splendid job with Olympics, We are no less. We just need to focus ourselves in the right direction. I am confident to the bottom of my heart that Delhi will rock the world and so should you. With “England” team landing on IGI International, the signs are already visible.

Exclusive: Chrome V/S Internet Explorer

There cannot be a single answer directly declaring any one browser to be the best. It depends on the users’ point of view as to which suits best his requirements. There are many points of differences between the Microsoft's "Internet Explorer" and Google's "Chrome". From layman point of view it can be simply said that Chrome is faster than IE. It is true that Chrome has a better efficiency with respect to page load time, loading of JAVA applications, etc. The Chrome interface is very user friendly and attractive which helps beginners to easily surf the internet. Main advantage of using Chrome is due to its multiprocessing capability where in if any web application slows down the browse or causes it to crash; only the current tab is affected keeping other tabs unharmed. Chrome also uses the new V8 tool to run JAVA applications which enhances performance.
A Wikipedia link stating some of the facts about chrome is mentioned hereby: http://wiki.answers.com/Q/Is_Google_Chrome_better_than_Internet_Explorer
Though Chrome appears to be fast and fancy, IE is a traditional and reliable browser which has always been known for its powerful security. All major secures transactions like Net banking, etc. ask for the browser to be IE or Firefox while Chrome is mostly avoided. As a small example, we can consider the 'Research In Motion' website which allows loading of applications to a Blackberry smart phone directly through the internet only on the IE browser, Even Firefox or Opera are not accepted.
The link pasted hereby shows a brief statistics of browsers being used over the years.
http://www.w3schools.com/browsers/browsers_stats.asp
It can be clearly seen that up to 2007, IE was the most used browser in the world which was then replaced by Firefox. The statistics clearly show that even today IE is used by more people as compared to Google Chrome.

2008 Economic Crisis ( A Thought)

In 2008, a series of bank and insurance company failures led to an economic crisis that effectively halted credit markets around the globe and needed immediate government intervention. The effect was so severe that the Fannie Mae (FNM) and Freddie Mac (FRE) which are the largest corporations established by the U.S. federal government to provide liquidity in the secondary mortgage market were placed n conservatorship of the FHFA. The basic operation of these corporations include buying mortgages from banks and financial institutions and selling mortgage backed securities (MBS), a type of bond, to investors of all sizes. Other drastic events include declaring of bankruptcy by Lehman Brothers; JP Morgan Chase had to purchase the assets of Washington Mutual which is the biggest bank failure in history till today, etc.

America being one of the major economies of the world, it can be said that the global monetary crisis had its roots in the US. There are numerous reasons and causes which can be directly linked to this catastrophic event. A major reason is market instability created due to the new lines of credit that were introduced in the period which dried up the flow of money and slowed the trade of assets. This left many individuals and business institutions with mortgage backed assets that had dropped in value and were unable to bring in the required amount of money to pay back earlier loans. This also restricted the ability to make new loans since the reserve cash was also dried up.

The American economy is built on credit which is a great tool if used wisely. Cheap credit made it too easy for people to buy houses or make other investment. Since people were able to get money easily, they wanted to spend in an equally easy manner. Unfortunately most of the purchases were things that increased demand and lead to a slow inflation. Equity firms leveraged billions of dollars to buy companies and assets and then earned back even more simply by shuffling papers and not creating anything valuable. The mortgage brokers or the middle men determined who got loans without any firm criteria and then passed on the responsibility of recovery to others in form of mortgage backed assets, taking a fee or brokerage for themselves. Thus risky mortgages become investments. Under these circumstances, many people took loans greater than what they could afford I hoping that they could flip it for profit at a lower rate and more equity. A lot of people became rich quickly in this money game but greed ultimately took everyone down. They wanted more and kept investing in bigger properties. The housing slump set off a chain reaction in the American economy. Investors could no longer flip their homes for a quick profit. Mortgage rates adjusted skyward and mortgages no longer became affordable for many homeowners, and thousands of mortgages defaulted, leaving investors and financial institutions holding the bag. This caused massive losses and required federal intervention.

This small market crisis slowly developed into a massive economic depression hitting the US first and then Europe, Japan, China, India and other major countries in the world. Inflation, unemployment were on their zenith. Starting from the last quarter of 2007, till present day in 2010 the world is still recovering from this great meltdown.

Some links to give more information and stats about the event have been pasted here by:

1) http://www.wikinvest.com/concept/2008_Financial_Crisis

2) http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932010

3) http://en.wikipedia.org/wiki/Late-2000s_recession