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Friday, August 5, 2011
Thursday, August 4, 2011
Wednesday, August 3, 2011
Debt Deal is Nothing to Smile About; Credit Downgrade Imminent (ContributorNetwork)
COMMENTARY | Congress and President Barack Obama were all smiles following a compromise to raise the debt ceiling but they are all missing the point. The U.S. debt can no longer be sustained and raising the ceiling with no plan to reduce it below $10 trillion will still result in a downgrade of the country's Triple-A rating.
The debt deal, according to Yahoo! News via Time, says the deal will make $900 billion in spending cuts immediately and then raise the debt ceiling through January. The next step in the process will establish a bipartisan committee to make another $1.5 trillion in cuts.
The watered-down bill also calls for a balanced budget amendment to the constitution. The door is still open for Democrats to raise taxes during the process, which is a defeat for Republicans. Another black mark for Republicans is spending cuts to the military budget.
Reducing spending by $1.2 trillion is not enough to prevent the credit downgrade that everyone now knows is coming sooner than later. Standard and Poor's credit analyst David Beers appeared on Fox News with Neil Cavuto and made it clear that the debt ceiling increase was not the overriding issue to avoid a downgrade.
This issue has to disappear after this latest contrived crisis to raise the debt ceiling. The only good thing to come out of this created crisis is an open dialogue about the out of control spending in Washington. The main issue is that the Republicans did not force the issue to get deeper and more sustained cuts.
Standard and Poor's and Moody's are both saying they need to look at the debt deal before they decide if the deal is enough to save the United States' coveted Triple-A rating. Earlier, both credit agencies said the magic number for spending cuts and reduction was $4 trillion according to a story appearing on Fox Business News today.
Congress and President Obama will get nothing significant done as a legislative body. It is time to once again to turn this Congress over and vote out all incumbents in November 2012. These backroom deals will not end and until then, this country is doomed to fail. The call from the voters is clear: Reduce the debt ceiling by 2012 or retire.
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Tuesday, August 2, 2011
Pricing 'sanity' returning to India telecom market (AFP)
NEW DELHI (AFP) ? Savage competition in India's fast-growing telecom industry that hit sector profits is easing and "sanity" is returning, the head of the country's top mobile phone operator Bharti Airtel, says.
"Hyper competition in the market with 12 to 13 players, many of whom happened to be new entrants, is clearly abating," Sunil Bharti Mittal said in Bharti's annual report posted on the company's website on Monday.
"Some semblance of sanity is being restored and consolidation is imminent," Mittal said in the report.
During the last two years, profits and revenues of Indian telecom companies have suffered from a bruising price war that has cut call tariffs to less than one US cent a minute.
Bharti, the country's largest mobile phone operator by subscribers, expects stable tariffs to help facilitate "the return of reasonable growth," Mittal said.
In May, the company reported a 31-percent dive in quarterly net profit to 14.01 billion rupees ($314.3 million) from a year earlier.
Bharti, the fifth-largest mobile operator globally by users, is present in nearly 20 countries in South Asia and Africa.
As a first sign of an end to the price wars in India, Bharti last month raised call charges for some mobile schemes, a move which was followed by rivals Idea Cellular and Vodafone.
India is the world's fastest-growing cellular market and second largest after China with operators competing for millions of new customers each month.
Mittal said there was still large growth to be tapped in India's rural heartland where some 700 million people out of the country's population of 1.2 billion live.
While the mobile market is saturated in India's urban centres, the number of telephones per 100 people in rural areas stands at 34, according to official figures.
Indian telecom companies added nearly 60 million mobile users in three months to March, taking the country's number of wireless subscribers to nearly 812 million.
The government says boosting telecommunications use is key to India's socio-economic development, especially in poverty-hit rural areas where penetration is still low.
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Monday, August 1, 2011
Mosman Personal Training: Getting Healthy ? The Benefits of One-On ...
Health is wealth. This is not a cliche. Recall a time when you were sick; you wanted to do a lot of things but were not able to because you were not feeling well. But what does it mean to be a healthy person? Does it only mean having a strong and healthy body? Health is a state of optimal well-being.
It takes more than the meeting of physical needs; it also takes into account the mental, emotional, and social needs of a person. In this lesson, we will study these needs, how they relate to each other and what it means to be truly healthy. Food supplies the body with carbohydrates, proteins, fats, vitamins and minerals necessary for growth and development. Water helps the body process food into useful soluble substances, circulate blood, and maintain internal balance. Air gives life through respiration. Intake of oxygen and release of carbon dioxide keep the cells alive and working. Clothes protect the body from external factors like too much heat or chilly winds that may cause illness.
Given what you?re already forking out for the gym, why would you pay extra for a personal trainer? If you have a clear idea of your fitness targets, the knowledge of how to hit them and a high level of self-motivation, then the honest answer if that you don?t need a trainer. If, however, you find that motivation is a big problem, or you have an unusual target (say new sport), or you?re going nowhere and don?t know what to try, then a personal trainer could be exactly what the doctor ordered.
What can I expect?
Depends entirely on what your agreed goals are. If your aim is to lose weight and tone up, then you can expect to start off with a cardio warm up before going onto weights and moves that you wouldn?t normally do. In the process you will learn a lot about form, posture, technique and the use of different pieces of equipment. It also makes the gym session an appointment, a commitment that you can?t back out of, and introduces the trainer as a kind of external conscience nagging you if you let things slip. Sort of.
The following are the final thoughts about the benefits of Mosman personal training and how it can help you manage your weight better. Your aim is to lose weight and tone up.
Learn more about Mosman Personal Training and about getting great fitness help.
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