Wednesday, October 3, 2007

Dear Graduate

  1. Over Deliver
  2. Think Big
  3. Give New Insights, New Thinking
  4. Make your Boss Look Smarter
  5. Expand your Job
  6. Do more than your Job
  7. Broaden your Job

...OVERDELIVER...

"You must be the change you wish to see in the world"

Federal budget review

Australia's once in a lifetime chance to implement long term tax reforms
· Maintaining budget surpluses
· No net Debt
· Favorable economic growth, low unemployment, low inflation
·
Could the Australian government have been more responsible?
· The govern should have done better
· Could have saved more
· Could have better prepared Australia for the end of commodities boom, by identifying and pre funded infra structure projects
· Could have pre funded other non expenditure commitment
· More investments into education, skills training, research and development, measures to encourage participation in the labor force
· Undertaken far reaching reform of personal income tax system, broadening the base and using the revenue gained by removing concessions, exemptions, loop holes
· They have saved $15 billion
· They have done some measures to encourage increase participation in the labor force
· Supporting parents benefit
· Funded for medical research
· Tax rate reforms
· But they have not whole hearted embraced any of those things, the budget does represent a very significant missed opportunity
· They could have been more responsible by running bigger budgets surpluses or more adventurous
Are the tax cuts a catalyst for interest rate rises? Are the good times over?
· Business cycle – full employment, upward pressure on cost and prices, company profits are at high level, commodity price are high, government revenues are over flowing, high taxation on what we earn and spend
· Things are looking good, but it might be leading into a serious recession as a result of serious mistakes such as wages growing faster than productivity, mistake of failing to allow the Reserve Bank to lift interest rates a little bit in order to prevent inflation from raising rapidly and the mistake of over stimulating the economy through the budget by giving away revenue gains in the form tax cuts or cash handout on the opposite is required
Australia's resources boom and the global economy.
· Rise in commodity prices is the most important factor influencing the Australia’s economic environment
· Price of our exports has risen compared to the prices of our imports
Tax cuts or tax reforms? What should be the priorities for Australia?
· The population prefers tax cuts rather than Tax reforms
· The government lost its appetite for Tax reforms
What does the budget mean for the Australian labor market?
· Most of today’s labor market lack the skills in demand
· Employers are willing to pay more to retain or to attract skilled workers

"Most tears are shed over answered prayers than unanswered ones'

Tuesday, October 2, 2007

Is the Sky Falling?

  • Housing
  • Credit Market
  • Repricing Risks
  • Credit Squeeze

Does that sound familiar?...

There will be definitely a impact on the growth of the economy. If you have a mortgage with a flexible rate, that might hurt your financial situation.

Although, One can look at it with a different prospect...where is the opportunity? There is always crisis, smart people will find their opportunities... to buy cheap properties, cheap businesses, grab cheap labor needed.

Smart people jump in when times are rough and tough.

Don't panic, look for opportunities, look under the rock...this is the time to do it!Just think Opportunity, not just panic...

"We are fools whether we dance or not; so we might as well dance"

GEN Y

  1. Exciting
  2. Aggressive
  3. Independence
  4. Responsible
  5. Self-Aware
  6. Busy
  7. Greedy
  8. Social Responsibilities
  9. Ethics
  10. Courageous
  11. Thoughtful

They are young people with great capabilities. Gen Y is transforming the world with new ways of thinking and viewing things.

"A dream which is not interpreted is like a letter which is not read"

Monday, October 1, 2007

Curbside, We’ll Never Have Paris

AMONG the many reasons to suspect that Europeans are more gifted than Americans at enjoying urban life is this: they eat outdoors because it’s pretty. We eat outdoors even though it’s not.

By we I mean New Yorkers, and I specifically mean the New Yorkers who, from the first rumor of spring to the dying gasps of an Indian summer, insist on restaurants with sidewalk cafes, apparently believing that nothing sauces roasted chicken like the exhaust from an M104 bus and there’s no music more relaxing than the eek-eek-eek of a delivery truck in reverse.

On the narrow and sometimes cobbled byways of Paris, Rome or Barcelona, a sidewalk cafe most likely has a view, a mood, a purpose beyond fresh air. (To be fair, it isn’t so fresh there, either.)

On Broadway, Columbus or Lexington, a sidewalk cafe has traffic — pedestrian and vehicular — so dense and close that a diner has to learn not to flinch.

"Every moment lived conscioulsy is a step toward spiritual maturity"