15.05.2007

• Muthyalaraju Revu

• By now all of you would have heard about this name. He is the 2006 Civils topper. He is from Andhra Pradesh. His story is really one of grit and determination. Read about him in papers and you will know why. A hearty CONGRATS to him.
• Golf
• Phil Mickelson has won the $9 mn Players Championship.
• Lulu Blooker Prize
• Colby Buzzell’s “My War: Killing Time in Iraq” won the prize for 2007. What is this prize anyway? Take a look at what its website says about itself.
• The Lulu Blooker Prize is the world's first literary prize devoted to "blooks"-books based on blogs or other websites, including webcomics.
• Ruskin Bond
• The good old man of Indian literature.
• His first book “Room on the Roof”, which he wrote at the age of 17 won the John Llewellyn Rhys Memorial prize.
• He is Sahitya Akademi Winner.
• China’s national tipple
• Maotai is its name. It is made of mountain water, sorghum and grain.
• Incremental Wage Output Ratio (IWOR)
• We have all read about ICOR (Incremental Capital Output Ratio) sometime back in our blog. But what is this IWOR? What does it measure? How does it measure? Take a look.
• It measures the output generating capacity of incremental wages. That is the amount of incremental wages that goes to generate one unit of incremental output.
• The lower the IWOR, the higher the labour productivity and vice versa.
• Statistically it is defined as: (wages and salaries – previous wages and salaries) / value of output. Here value of output is taken as net sales/income.
• Synthetic financial instruments
• These are financial instruments that are created artificially by simulating another instrument with the combined features of a collection of other assets. They are often custom-made hybrid instruments created by blending an underlying price on a cash instrument with the price of a derivative instrument. It is a combination of security holdings that mimics the price movement of another single security.
• In the US, synthetics are more popular in collateralized debt obligations (CDO) – a structured debt product, market. They outnumber cash deals in this market as it is possible to avoid currency and interest rate risk of most based CDOs, though they pose other challenges for investors.
• Gir is the home of Asiatic Lion
• Gir forest in Gujarat is the home of Asiatic Lion. But did you ever try to know the scientific name of this Lion?
• It is Panthera leo persica.