Author: Biz India

Larry Edelson – China Buying Up U.S. Homes! $9 Billion in 12 Months Up to March 2012

According to the Financial Times, the Chinese have become the second biggest group of foreign investors purchasing U.S. homes, just behind Canadian investors. Sales to Chinese homebuyers reached $9 billion in the 12 months to March 2012, up 23% from the previous year, and up a whopping 88% from 2010, according to the National Association of Realtors (NAR). Thing is, Chinese purchases of U.S. properties is going to accelerate. In addition to the many personal reasons the Chinese may opt to live in the United States, there’s the bottom line: How much their yuan will now buy, versus a...

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Mike Larsen – Crisis, Response, Disappointment, Crisis Cycle Still Playing Out

by Mike Larson Friday, June 15, 2012 at 7:30am If it seems like the European debt crisis has been going on forever, that’s because it has! We’re watching a slow motion train wreck, frankly, one that’s continuing to follow a predictable “Crisis, Response, Disappointment, Crisis” (CRDC) pattern … First, for one reason or another, the simmering crisis explodes onto the front pages of newspapers everywhere. The prices of bonds and stocks in the affected country (or countries) tumbles, and volatility spikes. Second, government officials or central bankers run around like chickens with their heads cut off. They say “Oh no, we can’t have another ‘Lehman moment'” and they cook up some half-baked plan on the fly to calm everyone down. Third, the newfangled plan causes markets to spike temporarily. Stocks go up and volatility goes down. But once the details of the plan start leaking out, investors realize there’s no “there” there — the plan is more conceptual than concrete, or it won’t work as structured. That leads to disappointment. Fourth, investors once again realize that unless aliens from another planet arrive with spaceships full of money, there simply isn’t enough cash floating around ANYWHERE to bail out all the small PIIGS countries plus behemoths like Spain and Italy. So the crisis explodes onto the front pages all over again, and we head back down! What will finally end...

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Bangladeshi Entrepreneur Eddie Khan, Coming to the U.S. With $450, Now Owns an Anago Cleaning Systems Franchise

By Metra Ferrari This is the story of an entrepreneur who is really a testament to living the American dream. His name is Eddie Kahn. He is currently the Master Franchisee for Anago Cleaning Systems in Honolulu, and his is an incredible story of how he came to a be a successful business owner. Eddie Khan is from Bangladesh. He came to the United States in 1992 to escape political and economic hardship. He obtained a student visa to be able to leave the country and he felt very lucky to do so as the chances of obtaining a...

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Book Review – The Organization of Higher Education

Book Review: The Organization of Higher Education: Managing Colleges for a New Era Editor: Michael N. Bastedo Publisher: Johns Hopkins University Press – 366 pages Book Review by: Paiso Jamakar This book points out how institutions of higher education have changed and continue to change, looking more and more like businesses and companies. It also point out how companies – particularly the largest ones in the United States – have changed and continue to change, looking more and more like universities and colleges, with large grounds looking like campuses. This is a collection of writings by a dozen professors of higher education. Michael N. Bastedo, editor of this volume, is associate professor for the study of higher and postsecondary education at the University of Michigan. He has been a Fullbright scholar in the Netherlands, research director of the Institutes on Public University Governance, and a Ford Foundation Global Policy Fellow at the Institute for Higher Education Policy. He writes: “People like to talk about ‘higher education is becoming more like a business’ but the reverse is more probably true: business is becoming more like higher education. Consulting firms, law firms, and hospital firms have long operated as quasi universities at the top of the professional prestige hierarchy (Abbott, 1988). But now companies like Microsoft, Google and Xerox are organized as campuses rather than traditional firms.” He continues: “Employees are...

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Akshaya Patra Foundation To Serve Its Billionth Meal in August

Stoneham, MA, June 13, 2012 – To commemorate the billionth meal to be served by Akshaya Patra in August, 2012, the legendary lyricist Javed Akthar and India’s iconic singer Shankar Mahadevan are partnering to create music that will celebrate the joys of childhood and help Akshaya Patra raise awareness about its program to enable hunger- free education. The lyrics for this special song will be composed by Javed Akthar and sung by noted singer and composer Shankar Mahadevan. The music, accompanied by a video featuring Mahadevan, will launch in the month of August when Akshaya Patra will be serving their billionth meal. According to Shankar the music will be poetic and will have a melody that lingers. With this partnership, Mahadevan is joining the league of socially conscious celebrities by becoming the brand ambassador for The Akshaya Patra Foundation. He will help celebrate the momentous occasion by performing at a special function to be held in Bangalore. Mahadevan will pay tribute to the midday meals provided by Akshaya Patra and focus on the joys of childhood where children have fewer worries and responsibilities and do not have to worry about their next morsel. Commenting on Akshaya Patra’s mission; no child shall be deprived of education because of hunger, the singer said, “I am very happy to be associated with Akshaya Patra as the cause is very close to my...

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