21 August 2013

Best first pitch ever?

South Korean actress is latest to make acrobatic first throw in stunt that left a former Major League pitcher smiling in disbelief

By Jessica Jerreat

Air time: Tae-Mi cartwheels through the air as she makes a first pitch for the Doosan Bears
Air time: Tae-Mi cartwheels through the air as she makes a first pitch for the Doosan Bears
Step up: The actress gets ready for her throw
Step up: The actress gets ready for her throw

Curve ball: Tae-Mi spins through the air at a Seoul stadium
Curve ball: Tae-Mi spins through the air at a Seoul stadium

Twist: The South Korean actress gets ready to land and throw her pitch
Twist: The South Korean actress gets ready to land and throw her pitch

Awe-struck: Former MBL player Chris Seddon reacts to the first pitch
Awe-struck: Former MBL player Chris Seddon reacts to the first pitch

Proud: Tae-Mi looks pleased with herself as she leaves the grounds
Proud: Tae-Mi looks pleased with herself as she leaves the grounds

A Summer of Troubles Saps India’s Sense of Confidence

Farooq Khan/European Pressphoto Agency
A strike call by Kashmiri separatists left businesses closed and streets deserted in Srinagar on Saturday.
NEW DELHI — For the last 10 years, India seemed poised to take its place alongside China as one of the dominant economic and strategic powerhouses of Asia. Its economy was surging, its military was strengthening, and its leaders were striding across the world stage.

But a summer of difficulties has dented India’s confidence, and a growing chorus of critics is starting to ask whether India’s rise may take years, and perhaps decades, longer than many had hoped.
“There is a growing sense of desperation out there, particularly among the young,” said Ramachandra Guha, one of India’s leading historians.
Three events last week crystallized those new worries. On Wednesday, one of India’s most advanced submarines, the Sindhurakshak, exploded and sank at its berth in Mumbai, almost certainly killing 18 of the 21 sailors on its night watch.
On Friday, a top Indian general announced that India had killed 28 people in recent weeks in and around the Line of Control in Kashmir as part of the worst fighting between India and Pakistan since a 2003 cease-fire.
Also Friday, the Sensex, the Indian stock index, plunged nearly 4 percent, while the value of the rupee continued to fall, reaching just under 62 rupees per dollar, a record low. The rupee and stocks fell again on Monday.
Each event was unrelated to the others, but together they paint a picture of a country that is rapidly losing its swagger. India’s growing economic worries are perhaps its most challenging.
“India is now the sick man of Asia,” said Rajiv Biswas, Asia-Pacific chief economist at the financial information provider IHS Global Insight. “They are in a crisis.”
In part, the problems are age-old: stifling red tape, creaky infrastructure and a seeming inability to push through much-needed changes and investment decisions. For years, investors largely overlooked those problems because of the promise of a market of 1.2 billion people. Money poured into India, allowing it to paper over a chronic deficit in its current account, a measure of foreign trade and investment.
But after more than a decade of largely futile efforts not only to tap into India’s domestic market but also to use the country’s vast employee base to manufacture exports for the rest of Asia, many major foreign companies are beginning to lose patience. And just as they are starting to lose heart, a reviving American economy has led investors to shift funds from emerging-market economies back to the United States.
The Indian government recently loosened restrictions on direct foreign investment, expecting a number of major retailers like Walmart and other companies to come rushing in. The companies have instead stayed away, worried not only by the government’s constant policy changes but also by the widespread and endemic corruption in Indian society.
The government has followed with a series of increasingly desperate policy announcements in recent weeks in hopes of turning things around, including an increase in import duties on gold and silver and attempts to defend the currency without raising interest rates too high.
Then Wednesday night, the government announced measures to restrict the amounts that individuals and local companies could invest overseas without seeking approval. It was an astonishing move in a country where a growing number of companies have global operations and ambitions.
The Indian stock markets were closed Thursday because of the nation’s Independence Day, but shares swooned at Friday’s opening. Stocks lost another 1.5 percent Monday, and many analysts predicted that the markets will continue to decline.
“I think things will get much worse before they get better,” said Sonal Varma, an India economist at Nomura Securities in Mumbai. “The government is between a rock and a hard place.”
The problem for India, analysts say, is that the country has small and poorly performing manufacturing and mining sectors, which would normally benefit from a weakening currency.

Meanwhile, India must buy its oil, much of its coal and other crucial goods like computers in largely dollar-denominated trades that have become nearly 40 percent more expensive over the past two years.
That is helping feed inflation, which jumped in July to an annual rate of 5.79 percent from 4.86 percent in June, far above what analysts had expected.
The Reserve Bank of India, the central bank, has recently responded to the rupee’s weakness by raising interest rates, but those moves have already begun to hurt a huge swath of India’s corporate sector. Growth rates had already slowed to 5 percent in the most recent quarter, and India now has a far harder time meeting its current-account deficit.
Analysts fear that higher inflation, softening growth, a falling currency and waning investor confidence could spin into a vicious cycle that will be difficult to contain.
“There’s a risk of a spiral downward,” said Mr. Biswas, the IHS Global economist. “It will be very hard to break.”
The submarine explosion revealed once again the vast strategic challenges that the Indian military faces and how far behind China it has fallen. India still relies on Russia for more than 60 percent of its defense equipment needs, and its army, air force and navy have vital Russian equipment that is often decades old and of increasingly poor quality.
The Sindhurakshak is one of 10 Russian-made Kilo-class submarines that India has as part of its front-line maritime defenses, but only six of India’s submarines are operational at any given time — far fewer than are needed to protect the nation’s vast coastline.
Indeed, India has fewer than 100 ships, compared with China’s 260. India is the world’s largest weapons importer, but with its economy under stress and foreign currency reserves increasingly precious, that level of purchases will be increasingly hard to sustain.
The country’s efforts to build its own weapons have largely been disastrous, and a growing number of corruption scandals have tainted its foreign purchases, including a recent deal to buy helicopters from Italy.
Unable to build or buy, India is becoming dangerously short of vital defense equipment, analysts say.
Meanwhile, the country’s bitter rivalry with Pakistan continues. Many analysts say that India is unlikely to achieve prominence on the world stage until it reaches some sort of resolution with Pakistan of disputes that have lasted for decades over Kashmir and other issues.
Gardiner Harris reported from New Delhi, and Bettina Wassener from Hong Kong.

Mizoram Premier League Heralding A new Era In Mizoram

By Bhargab Sarmah

The popularity of football in India’s northeastern region is well-known.  Over the years, many footballers from this part of the country have gone on to stamp their mark at different top flight clubs. The elevation of Shillong Lajong, and recently Rangdajied United, to I-League, has shown the rising importance of the region in the Indian football map. One of the states, that has greatly contributed to the growth of football in this region in recent times is Mizoram.

Situated at the bottom-most part of northeast India, Mizoram shares its international borders with neighboring countries Bangladesh and Myanmar, and its state borders with Assam, Manipur and Tripura. One of the least populous states of the country, Mizoram’s contribution to Indian football has been highly commendable. Today, Mizo footballers are a regular feature in most of the top clubs of the country. A few players, most notably Jeje Lalpekhlua and Lalrindika Ralte, have even gone on to become important members of the Indian national team in recent times, whereas Mizo clubs like Aizawl FC and Luangmual FC have made their marks in the second division of the I-League.
Covered with countless hills and rivers, Mizoram is a land of immense natural beauty. With literacy and sanitation rates of over 90%, as per the 2011 census report, Mizoram has officially, the second highest urbanization rate in India. One of the fastest growing states in the country, Mizoram’s progress in recent times has been quite incredible. From parts of Aizawl being tragically ripped apart by the Government of India’s relentless airstrikes on the city in 1966, during the height of the MNF armed uprising, Mizoram has indeed come a long way. The demand for the formation of a sovereign state had led to an armed movement in this part of the country during the late 50s. It wasn’t until 1986, when Mizoram was granted statehood, that hostilities between the-then Mizo rebel group, Mizo National Front, and the Government of India, finally came to an end. In the last couple of decades, the state of Mizoram has been able to make significant progress in many areas. One of the positive developments in the state during this time has been the growth of the beautiful game.
The MPL trophy
The MPL trophy
Football has always enjoyed its fair share of popularity in Mizoram. In recent times though, the absence of an established league structure in the state until last year, had somewhat held the game back. It is the young footballers who have had to suffer the most, with many talented kids being forced to move away to play in other parts of the country, while still at a developing stage. With rising exodus of talented players from the state, the need of a new premier football division was felt. The idea of the Mizoram Premier League (MPL) was first developed by the Mizoram Football Association (MFA). The state’s football governing body roped in ZONET Cable TV Pvt. Ltd as its commercial partner last year, to assist in its new venture, after a lucrative deal worth Rs. 1.25 crores was signed between the two parties. With Mahindra 2 wheelers sponsoring the event, the Mizoram Premier League turned out to be a big hit among the fans in its first season. Dinthar FC, who showcased some brilliant football throughout the season, went on to lift the title on the last day of the season, beating local rivals RS Annexe 3-1.
While the football played in the tournament was of top quality, the response MPL received from the local fans in its first season was equally brilliant. P Lalmawizuala, administrator at Mizo sports website inkhel.com, says the craze for MPL did not remain confined to the larger towns and cities. “MPL 1 received a very good response even from the smaller towns and villages of the state. The attendances at all the games were decent, and would have been much higher had these not been scheduled in the afternoon. Zonet Cable did a good job providing live feeds of the games, which really helped in popularizing the league throughout the state,” he reveals. Lalmawizuala believes this new league has been a new beginning for football in the state. “It’s good to see young players of the state showcase their talents in the local league. The hard work put in by the local officials has been quite encouraging too,” he adds. Talking about the large number of young talented footballers in the state, he says “We are thankful to institutions like the Sarba Shiksha Abhiyan Football Academy for sowing the seeds of the newest line of talents from the state. Over the years, these institutions have been putting in a lot of hard work, developing young footballers. Moreover, players like Shylo Malsawmtluanga have influenced many youngsters to take up the sport in recent years.”
The Lammual Stadium
The Lammual Stadium
The second edition of the Mizoram Premier League is set to commence within the next couple of months, with even bigger things being planned for the new season. The Government of Mizoram has commissioned the installation of floodlights at the scenic Lammual Stadium in Aizawl, which will play host to the league games. Most of the clubs have been busy preparing for the new season, with Aizawl FC looking the strongest contenders to challenge defending champions Dinthar FC for the title. With a large bunch of young talented footballers in the different clubs’ ranks, the MPL is set to offer these young boys a platform to make their early marks in Indian football. When it comes to the clubs though, there is still a long way to go for them. The current scenario, however, provides a lot of encouragement to the fans in the state. Lalmawizuala, an avid follower of Dinthar FC, opines, “We are still a few years behind in terms of having an I-League club, but I’m quite sure that with better infrastructure, in the coming years, one of our clubs will make it to the top flight.”

Source: thehardtackle

How to Win Friends and Influence People

Excerpts from Dale Carnegie's inspiring Book

Compiled by Richard Anthony

Six Ways To Make People Like You

Become genuinely interested in other people.
Smile.
Remember that a man's name is to him the sweetest and most important sound in the English language.
Be a good listener. Encourage others to talk about themselves.
Talk in terms of the other man's interest.
Make people feel important, and do it sincerely.


Twelve Ways Of Winning People To Your Way Of Thinking

The only way to get the best of an argument is to avoid it.
Show respect for the other man's opinions. Never tell a man he is wrong.
If you are wrong, admit it quickly and emphatically.
Begin in a friendly way.
Get people saying "yes, yes" immediately.
Let other people do a great deal of talking.
Let other people feel that the idea is theirs.
Try honestly to see things from the other man's point of view.
Be sympathetic with other people's ideas and desires.
Appeal to the nobler motives.
Dramatize your ideas.
Throw down a challenge.


Nine Ways To Change People Without Giving Offense Or Arousing Resentment

Begin with praise and honest appreciation.
Call attention to people's mistakes indirectly.
Talk about your own mistakes before criticizing the other man.
Ask questions instead of giving direct orders.
Let the other man save face.
Praise the slightest improvement and praise every improvement.
Give people a fine reputation to live up to.
Use encouragement. Make the fault seem easy to correct.
Make other people happy about doing the thing you suggest.


Fourteen Rules For Making Your Home Life Easier

Don't nag.
Don't try to make your partner over.
Don't criticize.
Give honest appreciation.
Pay little attentions.
Be courteous.
Don't criticize her before others.
Give her money to spend as she chooses.
Help her through her feminine moods of fatigue, nerves, and irritability.
Share at least half of your recreation time with your wife.
Keep alert to praise her and express your admiration for her.
Thank her for the little jobs she does for you.
Dress with an eye for your mate's likes and dislikes in color and style.
Compromise little differences of opinion in the interest of harmony.


Notes
Criticism is futile because it puts a man on the defensive, and usually makes him strive to justify himself. Criticism is dangerous, because it wound's a man's pride, hurts his sense of importance, and arouses his resentment. When someone speaks harshly of people, say, "Don't criticize them; they are just what we would be under similar circumstances."

When dealing with people, let us remember we are not dealing with creatures of logic. We are dealing with creatures of emotions, creatures bristling with prejudices and motivated by pride and vanity. "I will speak ill of no man, and speak all the good I know of everybody" - Benjamin Franklin, became American Ambassador to France. It takes character and self-control to be understanding and forgiving. "A great man shows his greatness by the way he treats little men" - Carlyle.

The deepest urge in human nature is the desire to be important. Many people who go insane find in insanity a feeling of importance that they were unable to achieve in reality. They have found in a dream world of their own creation the feeling of importance which they so deeply desired. If some people are so hungry for a feeling of importance that they actually go insane to get it, imagine what miracles we can achieve by giving people honest appreciation.


Almost Everybody Wants...

Health and the preservation of life.
Food.
Sleep.
Money and the things money can buy.
Life in the hereafter.
Sexual gratification.
The well-being of our children.
A feeling of importance.

One of John D. Rockefeller's partners, Edward T. Bedford, lost the firm a million dollars by a bad buy in South America. John could have criticized, but he knew Bedford had done his best. Rockefeller found something to praise; he congratulated Bedford because he had been able to save sixty percent of the money he had invested. "That's splendid! We don't always do as well upstairs" said Rockefeller.

“Every man is my superior in some way. In that, I learn of him" - Emerson.

You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you. Why should people be interested in you unless you are first interested in them? The road to someone's heart is to talk to them about the things they treasure most.

Almost every man you meet feels himself superior to you in some way, and a sure way to his heart is to let him realize in some subtle way that you recognize his importance in his little world, and recognize it sincerely.

It isn't what you have or who you are or where you are or what you are doing that makes you happy or unhappy. It is what you think about. The first thing to learn in intercourse with others is noninterference with their own peculiar ways of being happy.

"I'm sorry to trouble you...Would you be so kind as to...Won't you please...Would you mind...Thank you...This may, perhaps, be worth thinking of, gentlemen...you might consider this...do you think that would work? What do you think of this? Maybe if we were to rephrase it this way it would be better...It so appears to me at present..."

To make a woman fall in love with you, all you have to do is to talk to her about herself!

Everyone is hungering and thirsting for sympathy. Give it to them, and they will love you. The child eagerly displays his injury, or even inflicts a cut or bruise in order to reap abundant sympathy. For the same purpose adults show their bruises, relate their accidents and illnesses. Self-pity for misfortunes, real or imaginary, is practically a universal practice.

"Tis not love's goings hurts my days, but that it went in little ways."

Why prove to a man he is wrong? Is that going to make him like you? Why not let him save face? He didn't ask for your opinion. He didn't want it. Why argue with him? You can't win an argument, because if you lose, you lose it; and if you win it, you lose it. Why? You will feel fine. But what about him? You have made him feel inferior, you hurt his pride, insult his intelligence, his judgment, and his self-respect, and he'll resent your triumph. That will make him strike back, but it will never make him want to change his mind. "A man convinced against his will is of the same opinion still."

If you want enemies, excel your friends; but if you want friends, let your friends excel you. When our friends excel us, that gives them a feeling of importance, but when we excel them, that gives them a feeling of inferiority and arouses envy and jealousy.

In talking with people, don't begin by discussing the things on which you differ, but emphasize the things which we agree. Keep emphasizing that you are both striving for the same end and our only difference is one of method and not of purpose. Remember the other man may be totally wrong, but he doesn't think so. Don't condemn him, any fool can do that. Try to understand him.

"I don't blame you at all. If I were you, I should undoubtedly feel just as you do." An answer like that will soften the most cantankerous old cuss alive.

Examples


How to influence people
The only way to influence the other fellow is to talk about what he wants and show him how to get it. If, for example, you don't want your son to smoke, don't preach at him, and don't talk about what you want; but show him that cigarette's may keep him from making the baseball team or winning the hundred-yard dash.

Ralph Waldo Emerson and his son one day tried to get a calf into the barn, but they made the common mistake of thinking only of what they wanted. Emerson pushed and his son pulled. But the calf did just what they did; he thought only of what he wanted; so he stiffened his legs and stubbornly refused to leave the pasture. The Irish housemaid saw their predicament. She thought of what the calf wanted; so she put her maternal finger in the calf's mouth, and let the calf suck her finger as she gently led him into the barn.

Andrew Carnegie's sister-in-law was worried sick over her two boys. They were at Yale, and they were so busy with their own affairs that they neglected to write home and paid no attention whatever to their mother's frantic letters. Carnegie offered to wager a hundred dollars that he could get an answer by return mail, without even asking for it! Someone called his bet; so he wrote his nephews a chatty letter, mentioning casually in a postscript that he was sending each one a five-dollar bill. He neglected, however, to enclose the money. That did the trick. Back came the replies by return mail thanking "Dear Uncle Andrew" for his kind note and ...you can finish the sentence yourself.

The next time you want to persuade someone to do something, before you speak, pause and ask, "How can I make him want to do it?" Get the other man's point of view and see things from his angle as well as from his own.


Avoid Arguments
(If you're a Ford salesman) When someone says, "What? Ford's cars are no good! I wouldn't take one if you gave it to me. I'm going to get Chevrolet cars." Say, "Brother, listen, Chevrolet's cars are good cars. Their cars are made by a fine company and sold by good people." He's speechless then. There's no room for an argument. If he says Chevrolet's cars are the best and I say sure it is, he has to stop. Just agree with him. He can't go on all afternoon when I'm agreeing with him. We then get off the subject of Chevrolet's cars and I begin to talk about the good points of Ford's cars.


Never tell a man he is Wrong
If a man makes a statement that you think, or know, is wrong, begin by saying, "Well, I thought otherwise, but I may be wrong. I frequently am. Let's examine the facts." You'll never get into trouble by admitting you may be wrong. That'll stop all arguments and inspire the other fellow to be just as fair and broad-minded as you are. It'll make him want to admit that he, too, may be wrong.

We sometimes find ourselves changing our minds without any resistance or heavy emotion, but if we are told we are wrong, we resent the imputation and harden our hearts. We are incredibly heedless in the formation of our beliefs, but find ourselves filled with an illicit passion for them when anyone proposes to rob us of their companionship. It is not the ideas themselves that are dear to us, but our self-esteem which is threatened. We like to continue to believe what we have been accustomed to accept as true and the resentment aroused when doubt is cast upon any of our assumptions lead us to seek every manner of excuse for clinging to it. The result is that most of our so-called reasoning consists in finding arguments for going on believing as we already do.

When we are wrong, we may admit it to ourselves. And if we are handled gently and tactfully, we may admit it to others and even take pride in our frankness and broadmindedness. But not if someone else is trying to ram the fact down our throat.


Raised Rent
When one was informed he had to pay 3 times as much rent as formerly. "I was a bit shocked when I got your letter, but I don't blame you at all. If I had been in your position, I should probably have written a similar letter myself. Your duty as the manager is to make all the profit possible. Now, let's take a price of paper and write down the advantages and disadvantages that will accrue to you, if you insist on this increase in rent."

Advantages: You'll have the advantage of having the ballroom free to rent for dances and conventions, for affairs like that will pay you more than I can. Disadvantages: First, instead of increasing your income from me, you're going to decrease it. In fact, you're going to wipe it out because I cannot pay the rent you are asking. I shall be forced to go to another location. There's another disadvantage to you also. These lectures attract crowds of educated and cultured people to your hotel. That's good advertising for you, isn't it? In fact, if you spent $5,000 advertising in the newspapers, you couldn't bring as many people to look at your hotel as I can bring by these lectures. That is worth a lot to a hotel, isn't it?"


Kids
When 3 year old refused to eat. A bully next door kept knocking him off his tricycle. He was told if he eats his food, he could wallop the daylights out of the bigger kid someday. When he wet his bed, he was wearing a nightgown in his Grandma's bed. He wanted pajamas like Dad and his own bed. So, when he got them, he promised not to wet the bed because his pride was involved. He wanted to act like a man, so he did. A 3 year old daughter wouldn't eat breakfast. She loved to imitate her Mom. So, one morning they let her cook breakfast and she ate it, because she was interested in it, she achieved a feeling of importance, and found an avenue of self-expression.


Be a good listener. Encourage others to talk about themselves
When someone returns at item to you, listen to their story from beginning to end without saying a word. Then say, "what would you like me to do with this product? I'll do anything you say. If it isn't satisfactory we'll give you one that is. We are sorry to have caused you this inconvenience."

A customer denied owing 15 dollars. After getting letters from credit department, he went to the manager and said not only is he not going to pay the bill, but he won't but anything else from them again. The manager listened patiently to all he had to say without interrupting him. Then said, "I want to thank you for coming to me to tell me about this. You have done me a great favor, for if our credit department has annoyed you, it may annoy other good customers. Believe me, I am far more eager to hear this than you are to tell it. We'll wipe off the 15 dollar charge, because you are a very careful man with only one account to look after, while we have to look after many. Therefore, you are less likely to be wrong than we are."


If you are wrong, admit it quickly and emphatically
When an officer warned someone about not putting his dog on a leash, and he was caught again, he didn't wait for the officer to start speaking, he beat him to it with, "Officer, you've caught me red-handed. I'm guilty. I have no excuses." Officer might say, "Well now, I know it's a temptation to let a dog run around when nobody's around." "Sure it's a temptation, but it's against the law." "Well, a little dog like that isn't going to harm anybody." No, but it might kill squirrels." "Well, I think you're taking this too far. Just let him run over the hill where I can't see him and we'll forget all about it." The officer wanted a feeling of importance. So when you begin to condemn yourself, the only way he could nourish his self-esteem was to show mercy. Isn't it much easier to listen to self-criticism than to bear condemnation from alien lips?

An art director delighted to find fault with someone's drawings. He gloated over his chance to criticize. "If what you say is true, I am at fault and there is absolutely no excuse for my blunder." The art director started to defend him! "Yes, you're right. But it's not a serious mistake. It's only..." "Any mistake may be costly and they are all irritating.” He started to break in, but he wouldn't let him. "I should have been more careful. You deserve the best, so I'm going to do this drawing all over." "No! No!. I wouldn't think of it." The artist's eagerness to criticize himself took all the fight out of the art director. Any fool can try to defend his mistakes, but it raises one above the herd and gives a feeling of nobility to admit one's mistakes.

Robert E. Lee blamed himself and only himself for the failure of picket's charge. Lee was far too Nobel to blame others. As Picket's beaten and bloody troops struggled back to Confederate lines, Robert E. Lee rode out to meet them all alone and said, "All this has been my fault. I and I alone have lost this battle." Few generals in all history have had the courage and character to admit that.

During a course in human relations, a class wrote down criticisms to a certain man to let him see himself as others see him. One man was broken hearted because he was denounced for being too sure of himself, too self-centered, too domineering, an egoist, trouble-maker, and a communist. One of his critics ordered him to get out of class. Instead of denouncing his critics, he said, "Boys, I certainly am unpopular. There can be no mistaking that. It huts me to read these comments, but they are good for me. They have taught me a lesson. I long for friends just as you do. I want to make people like me. Won't you help me? Won't you please write me some more criticisms and tell me what I can do to improve my personality? If you will, I'll try hard, awfully hard, to change." He wasn't faking, he spoke straight from his own heart; so naturally he reached the hearts of his critics. The very men who had denounced him one week earlier were now for him, His soft answer had turned away wrath.


Begin in a friendly way
Here's a fable about the sun and the wind. They quarreled about which was the stronger, and the wind said, "I'll prove I am. See that old man down there with a coat? I bet I can make him take his coat off faster than you can." So the sun went behind a cloud and the wind blew until it was almost a tornado, but the harder it blew the tighter the old man wrapped his coat about him. Finally, the wind calmed down and gave up. The sun came out from behind the cloud and smiled kindly on the old man. He mopped his brow and pulled off his coat. The sun then told the wind, "gentleness and friendliness were always stronger than fury and force." Friendliness and appreciation can make people change their minds more readily than storming at them can.


Let the other fellow think the idea is his
Theodore Roosevelt forced through reforms which political bosses bitterly disliked. Here's how he did it. When an office was to be filled, he invited the political bosses to make recommendations. If they chose someone he disagreed with, he'd tell them, "to appoint such a man would not be good politics, as the public would not approve." Then they'd make another, and he'd say, "this man will not live up to the expectations of the public. Find someone more fitting for the post." When they name the sort of man that Roosevelt would pick, he'd express gratitude for their assistance, and he'd let them take the credit for the appointment. He'd tell them that he did these things to please them and now it was their turn to please him.

A doctor was building an addition and preparing to equip it with the finest X-ray department in America. He was overwhelmed with salesmen, each praising his own equipment. But one of them wrote a letter stating, "Our factory has recently completed a new line of X-ray equipment. They are not perfect, we know that, and we want to improve them. So we should be deeply obligated to you if you could find the time to look them over and give us your ideas about how they can be made more serviceable to your profession. Knowing how occupied you are, I shall be glad to send my car for you at any hour you specify."

This doctor never had an X-ray manufacturer seek his advice before. It made him feel important. The more he studied the equipment the more he liked it. Nobody tried to sell it to him, he felt the idea of buying that equipment for the hospital was his own. He sold himself on its superior qualities and ordered it installed.


Be sympathetic with other people's ideas and desires
Someone made an error in an announcement over the radio and got deluged with indignant and insulting letters. One in particular was from a woman who he thought, "Thank God, I am not married to that girl." He was going to write her a letter stating although he made a mistake in geography, she made a bigger mistake in common courtesy. But any hot-headed fool can do that. So he controlled himself, and resolved to turn her hostility into friendliness. After all, if he were her, he should undoubtedly feel just as she did. So, he called her up and said:

Him: Mrs. so and so. You wrote me a letter a few weeks ago, and I want to thank you for it.
She: (in a cultured, well-bred tone). To whom have I the honor of speaking?
Him: I am a stranger to you. My name is Dale Carnegie. You listened to a broadcast I gave about Louisa May Alcott a few Sundays ago, and I made the unforgivable blunder of saying that she had lived in New Hampshire. It was a stupid blunder and I want to apologize for it. It was so nice of you to take the time to write me.
She: I am sorry, Mr. Carnegie, that I wrote as I did. I lost my temper. I must apologize.
Him: No! No! You are not the one to apologize; I am the one to apologize. Any school child would have known better than to have said what I have said. I apologized over the air the Sunday following and I want to apologize to you personally now.
She: I was born in Concord, Massachusetts. My family has been prominent here for over two centuries and I am very proud of this state. I was quite distressed when you said she was born in New Hampshire. But I am really ashamed of that letter.
Him: I assure you that you were not one-tenth as distressed as I am. My error didn't hurt Massachusetts, but it did hurt me. It is so seldom that people of your standing and culture take the time to write people who speak on the radio, and I do hope you will write me again if you detect an error in my talks.
She: You know, I really like very much the way you have accepted my criticism, You must be a very good man. I should like to know you you better.

So, by apologizing and sympathizing with her point of view, he got her apologizing and sympathizing with his point of view. He had the satisfaction of controlling his temper, and returning kindness for an insult.


Dramatize your ideas
A manufacturer of a new rat poison gave dealers a display that included 2 live rats. Sales zoomed to 5X their normal rate.

An auto supply dealer had a display for an indestructible spark plug. It was smashed up and down against a rock. 1000X.

Instead of giving data verbally about a study done on cold cream, open a suitcase and dump 32 jars of cold cream on top of a desk, and on each cold jar have a tag of itemized results that briefly and dramatically tells its story.


Throw down a challenge
To get a factory to produce and meet their quota when they were lagging behind, the big boss asked the day shift how many heats they made. They said "six." Without another word, he chalked a big "6" on the floor and walked away. The next day, the boss saw the night shift had rubbed out "6" and replaced it with a "7." So, the night shift thought they were better than the day shift, huh? They made 10 that day.

Charles Swabb said, "The way to get things done is to stimulate competition. Not in a sordid, money grabbing way, but in a desire to excel." The challenge! An infallible way of appealing to men of spirit. The chance for self-expression. The chance to prove his worth, to excel, to win. The desire for a feeling of importance.


Begin with praise and honest appreciation
Calvin Cooledge said to his secretary, "That's a pretty dress you are wearing this morning, and you are a very attractive young woman." It was so unusual and unexpected, that the girl blushed in confusion. Then he said, "Now, don't get stuck up. I just said that to make you feel good. From now on, I wish you would be a little bit more careful with your punctuation." It is always easier to listen to unpleasant things after we have heard some praise of our good points.


Talk about your own mistakes before criticizing the other man
When you want to call attention to someone's mistake, say, "You have made a mistake, but the Lord knows it's no worse than many I have made. I have been guilty of so many stupid, silly things myself. I have very little inclination to criticize you or anyone else. But don't you think it would have been wiser if you had done so and so?"


Let the other man save his face
General Electric had to remove someone from the head of the department. He was a genius when it came to electricity, but was a washout as the head of the accounting department. The company didn't want to offend him, he was indispensable and highly sensitive. So they gave him a new title of "Consulting Engineer of the General Electric Company." A new title for work he was already doing. He was happy, and General Electric let someone else head up the department.


Give people a fine reputation to live up to
Someone hired a servant and told her to report to work, but he telephoned a former employer and all was not well. When the girl came to work, he said, "Nellie, I telephoned the other day to a woman you used to work for. She said you were honest and reliable, a good cook and good at caring for the children. But she also said you were sloppy and never kept the house clean. Now, I think she was lying. You dress neatly, anybody can see that. And I'll bet you keep the house just as neat as your person. You and I are going to get along fine." And they did. Nellie had a reputation to live up to and didn't want to be untrue to his ideal of her.

A servant girl brought Georgette her meals. She was called "Marie the Dishwasher" because she started her career as a scullery assistant. She was a kind of monster, cross-eyed, bandy-legged, poor in flesh and spirit. One day, while she was holding a plate of macaroni, Georgette said to her point-blank, "Marie, you do not know what treasures are within you." Accustomed to holding back her emotions, Marie waited a few moments, not daring to risk the slightest gesture for fear of a catastrophe. Then she put the dish on the table, sighed, and said ingenuously, "Madame, I would never have believed it." Then she went back to the kitchen and repeated what Georgette had said. She began taking care of her face and body so carefully that her starved youth seemed to blossom and modestly hid her plainness. Two months later she announced her coming marriage with the nephew of the chef. "I'm going to be a lady," she said and thanked Georgette. A small phrase had changed her entire life.

If you must deal with a crook, there is only one possible way of getting the better of him. Treat him as if he were an honorable gentleman. Take it for granted he is on the level. He will be so flattered by such treatment that he may answer to it, and be proud that someone trusts him.


Make other people happy about doing the thing you suggest
A mechanic was complaining that the hours were too long, that there was too much work, and that he needed an assistant. The shop didn't give him an assistant, or shorter hours or less work, and yet he made the mechanic happy. How? He was given a private office. His name appeared on the door, and with it his title "Manager of the Service Department." He was no longer a repair man to be ordered around, he was now the manager of a department. He had dignity, recognition, a feeling of importance.

A man had to refuse many invitations to speak from who he was obligated. He didn't merely say how busy he was. After expressing his appreciation of the invitation and regretting his inability to accept it, he suggested a substitute speaker. He didn't give the other man any time to feel unhappy about the refusal, but had him thinking of some other speaker he may obtain.


People don't blame Themselves
Dutch Crowley was know as a "cop killer" who would "kill at the drop of a feather." One day he was necking a girl in a car and a policeman walked up to the parked car and said, "Let me see your license." Without saying a word, Crowley drew his gun and cut the policeman down with a shower of lead. Then he grabbed the officer's gun and shot him again. Crowley later wrote, "Under my heart is a weary heart, but a kind one - one that would do nobody any harm."

Crowley was sentenced to the electric chair. When he arrived at the death house in Sing Sing, did he say, "This is what I get for killing people?" No, he said, "This is what I get for defending myself." Crowley didn't blame himself for anything. Al Capone, America's Public Enemy Number One, regarded himself as an unappreciated and misunderstood public benefactor. So did Dutch Schultz.

Warden Lawes of Sing Sing said, "Few of the criminals in Sing Sing regard themselves as bad men. They are just as human as you and I. So they rationalize, they explain. They can tell you why they had to crack a safe or be quick on the trigger finger. Most of them attempt by a form of reasoning, fallacious or logical, to justify their anti-social acts even to themselves, consequently stoutly maintaining that they should never have been imprisoned at all.

If these desperate men behind prison walls don't blame themselves for anything, what about the people with whom you and I come in contact? The late John Wanamaker once confessed, "I learned thirty years ago that it is foolish to scold. I have enough trouble overcoming my own limitations without fretting over the fact that God has not seen fit to distribute evenly the gift of intelligence."
Source: ecclesia.org

100 Must See Interviews With the World’s Most Successful Entrepreneurs




At Under30CEO we think big. We recently published a list of our Top 50 Most Motivational People on the web and things got a little nuts. The article created incredible buzz all over the web and most importantly we fired up our audience to go out and make something happen.

As young entrepreneurs it’s important that we keep swinging for the fences. Super successful investors like Ron Conway say they’d rather invest in an 18 year old Mark Zuckerberg than a 31 year old seasoned entrepreneur because the young Sean Parker types truly think the sky is the limit. At Under30CEO we’re going to carry that mentality into the interviews that we conduct on the site.
The list below is the most incredible people to learn from as entrepreneurs and we intend to interview them all…somehow.  If you can land us any of these interviews email: matt @under30ceo.com and we’ll give you the credit!
Introducing our Top 100 Entrepreneurs to Learn from and their best interviews from around the web…

1.) Warren Buffett– Billionaire Investor
Buffet with Bill and Melinda Gates
2.) Bill Gates– Founder of Microsoft and the Bill and Melinda Gates Foundation
Steve Jobs and Bill Gates sit down at the All Things Digital Conference.

3.) Larry Ellison–Founder of Oracle
Oracle founder on Achivement.org
4.) Mark Cuban–Owner of the Dallas Mavericks and HDNet
When I die, I want to come back as me” at TechCrunch
5.) Oprah Winfrey–Media Entrepreneur
Larry King Interviews Oprah on The Secret.
6.) Tony Robbins–Peak Performance Coach and Entrepreneur
Tony Robbins’ TED Talk “Why we do what we do and how we can do it better”
7.) Richard Branson–Billionaire founder of Virgin
15 Small Business Lessons with Branson at Open Forum
8.) Mark Zuckerberg–Founder of Facebook
60 Minutes Interview
9.) Jack Dorsey–Founder of Twitter and Square
Kevin Rose interviews Jack Dorsey
10.) Ted Turner–Media Entrepreneur
Interviewed by Mashable’s Pete Cashmore at the UN
11.) George Soros–Billionaire Investor
Eric Schmidt Interviews George Soros at Google
12.) Jeff Bezos–Founder of Amazon.com
Wired’s Chris Anderson Interviews Bezos
13.) Sergey Brin and Larry Page–Google Founders
Ted Talk on Google
14.) Elon Musk–Founder of Paypal, Tesla and SpaceX
Entrepreneur Mentor Interview at Mahalo
15.) Ron Conway–Venture Capitalist
Hour long interview with Ron Conway at Stanford Business School
16.) Michael Dell–Founder of Dell Computers
Mastermind interview with Michael Dell
17.) Marc Andreessen–Software Entrepreneur
We’re not in a bubble” at the Wall Street Journal
18.) Paul Graham–Founder of Y-Combinator
How Y Combinator Helped 172 Startups Take Off
19.) Jay-Z–Hip Hop Entrepreneur
Interview on Forbes with Jay-Z and Warren Buffet
20.) Michael Bloomberg–Entrepreneur and Mayor of New York
Bloomberg Speaking at Techstars New York Demo Day
21.) Tony Hsieh–Founder of Zappos
Under30CEO talks about company culture with Tony Hsieh.
22.) Sean Parker–Internet Entrepreneur
Jimmy Fallon drills Sean Parker on tech.
23.) Tim O’Reilly–Software and Media Entrepreneur
Jason Calacanis interviews Tim O’Reilly at SXSW
24.) Steve Wozniak–Founder of Apple
Founders at Work with Woz
25.) Phil Knight–Founder of Nike
Exclusive Interview by Oprah on Nike
26.) Howard Schultz–Founder of Starbucks
The Harvard Business Review Interviews Starbucks Founder
27.) Carl Icahn–Billionaire Investor
Ichan’s Drexel University Commencement Speech
28.) Pierre Omidyar–Founder of Ebay
The Guardian does a rare interview with Omidyar
29.) Ralph Lauren–Fashion Entrepreneur 
Oprah interviews RL

30.) Charles Schwab–Investor
Money Magazine talks investing with Schwab
31.) Reid Hoffman–Founder of LinkedIn
Billionaire Founder gives 5 tips to startups on WSJ
32.) Peter Thiel–Founder of Paypal and Venture Capitalist
Billionaire on BigThink
33.) Steve Case–Founder of AOL
Talks Job Creation via Startup America on CNBC
34.) Jimmy Wales–Founder of Wikipedia
John Stewart interviews Jimmy Wales on the Daily Show
35.) Andrew Mason–Founder of Groupon
Bloomberg Interviews the Founder of Groupon
36.) Ariana Huffington–Founder of The Huffington post
Talks about breaking into blogging at Technorati
37.) Donald Trump–Billionaire Real Estate Investor
Under30CEO Interview with Donald Trump
38.) John Doerr–Billionaire Venture Capitalist
Mark Zuckerberg with John Doerr
39.) Wayne Huizenga–Founder of Blockbuster, Waste Management and Pro Sports team owner
Talks on CNBC about the Art of the Deal
40.) Barry Diller–Media Executive
Diller talks to CNN at SXSW
41.) Herb Kelleher–Founder of Southwest Airlines
Has a series of interviews on I am CNBC
42.) Bob Parons–Founder of GoDaddy
Parson’s Recession Guide in true GoDaddy Fashion
43.) Diddy–Hip Hop Entrepreneur
ABC News calls Diddy the Modern Mogul
44.) Ev Williams–Founder of Twitter
Interviewed by Charlie Rose
45.) Fred Wilson–Venture Capitalist
Chris Dixon interviews Fred Wilson
46.) David Cohen–Founder of Techstars
ReadWriteWeb interviews Techstars founder
47.) Chris Dixon–Venture Capitalist
Here is an in depth interview with Chris Dixonon Mixergy
48.) Michael Arrington–Founder of Techcrunch
A day in the life of a $10million a year blogger
49.) Gary Vaynerchuk–Media/Wine Entrepreneur
Jason Calacanis interviews Gary in one of the best This Week in Startups ever.
50.) Jason Calacanis–Internet Entrepreneur and Investor
Jason Calacanis gets interviewed on This Week in Startups
51.) Jason Fried–Internet Entrepreneur
Big Think Interviews Jason Fried about ReWork
52.) Dharmesh Shah–Founder of Hubspot
Interviews Dharmesh at SXSW
53.) Mark Suster–Venture Capitalist
Gets interviewed by Jascon Calcanis before he takes over This Week In Venture Capital
54.) Dennis Crowley–Founder of Foursquare
Kevin Rose interviews Dennis Crowley
55.) Pete Cashmore–Founder of Mashable
How Pete Cashmore grew Mashable on Bloomberg TV.
56.) Brad Feld–Venture Capitalist
Vator News asks How to Get Funding
57.) Matt Mullenweg–Founder of WordPress
Inc Magazine features Matt in their greg series “The Way I Work
58.) Kevin Rose–Founder of Digg.com and Podcaster
Interview at Web2.0 Summit 2011
59.) Peter Shankman–Founder of Help a Reporter
BlogCastFM Interviews Peter Shankman
60.) Eric Ries–Entrepreneur and Author
On Techcrunch: “Don’t Be In A Rush To Get Big, Be In A Rush To Have A Great Product
61.) David Tisch–Director of Techstars New York
TechCocktail interviews David Tisch and David Cohen
62.) John Reese–Internet Marketer
Tony Robbins interviews Frank Kern and John Reese
63.) Keith Ferrazzi–Author of Never Eat Alone
WSJ asks Keith Ferrazzi “Who’s Got Your Back?
64.) Gina Trapani–Founder of Lifehacker
Tim Ferriss interviews Lifehacker Gina Trapani
65.) Neil Strauss–Author and Marketer
Speaks in the series: Authors @Google
66.) Chris Brogan–Blogger and Marketer
Talks about helping small businesses at CES2011
67.) Daniel Pink–Author and Journalist
CBS Moneywatch asks Daniel “What Really Motivates Workers?
68.) Ivanka Trump–Entrepreneur
Huffington Post interviews Ivanka in the Trump Tower
69.) Ben Huh–Founder of Cheezeburger Media Network
Brad Feld Interviews Ben Huh in his Do More Faster series.
70.) Ben Lerer–Founder of Thrillist
Under30CEO interviews the Ben Lerer
71.) Kenneth Cole–Fashion Entrepreneur
Kenneth talks to CNN about the inspirational storiesin his book
72.) Naveen Jain–Internet Entrepreneur
Jain on Bloomberg talking about Google Lunar X Prizerace to the moon
73.) Lance Armstrong–Founder of Livestrong
Fast Company Interviews Lance Armstrong for the coverstory
74.) Guy Kawasaki–Author and Entrepreneur
Talk at Stanford’s Entrepreneurship Corner. “Entrepreneurship is for you young people”
75.) Magic Johnson–Entrepreneur and NBA Hall of Famer
Our friend Tiffany Black Interviews Magic Johnson on Inc
76.) Ryan Allis–Founder of iContact
Our friend Maren Kate interviews Ryanon going from Zero to $3.3M
77.) David Karp–Founder of Tumblr
David Karp on TechCrunchTVsays Blogs Don’t Work
78.) Ashton Kutcher–Early Stage Investor
What Ashton Kutcher looks for in tech investmentson TechCrunch
79.) Tyra Banks–Media Entrepreneur
On going to Harvard Business Schoolat CBS News
80.) Steve Young–Venture Capitalist
Talks about his investment strategy on Bloomberg TV
81.) Ryan Leslie–Hip Hop Entrepreneur
This Harvard Grad interviewed on Fox Business
82.) Rob Dyrdek–Action Sports Entrepreneur
Inc calls Fantasy Factory America’s Coolest Workspace. Q+A With Dyrdek
83.) MC Hammer–Hip Hop Entrepreneur
Interview at Web2.0 Summit
84.) Chamillionaire–Hip Hop Entrepreneur
Michael Arrington talks social currency with Chamillionaire
85.) Darren Rowse–Blogger
Gideon Shalwick interviews ProBlogger
86.) Gina Bianchini–Founder of Ning
Talks to Techcrunch at the World Economic Forum
87.) Sara Blakely–Founder of Spanx
Talks about Resiliency on Entrepreneur
88.) Russel Simmons–Hip Hop Entrepreneur
NPR Interviews Entrepreneur Russel Simmons
89.) Wendy Kopp–Founder of Teach for America
Talks about Teach for American on the Colbert Report
90.) Kevin Plank–Founder of Under Armour
How I Did It with Inc Magazine
91.) Anita Roddick–Founder of The Body Shop
Anita tells their entrepreneurial story
92.) Robert Kiyosaki–Entrepreneur and Author
Under30CEO Interviews Robert Kiyosaki
93.) Justine Ezarik–Media Entrepreneur
iJustine on BlogTalkRadio
94.) Barbara Corcoran–Real Estate Entrepreneur
Under30CEO Interviews Barbara Corcoran
95.) Rev Run–Hip Hop Entrepreneur
Huffington Post Interviews Rev Run
96.) Blake Ross–Founder of Mozilla
How to Make Millions
97.) Tim O’ Shaughnessy–Founder of Living Social
Business Insider interviews Living Social founder
98.) Dave Morin–Founder of Path
Interview at Techcrunch Disrupt with Dave Morin
99.) Brian Solis–Marketer
The Rise to the Top Interviews Brian Solis
100.) Robert Scoble–Blogger
Watch Scoble at Stanford Business School
What interviews with great entrepreneurs have you taken lessons from? Leave a link in the comments to them.
Matt Wilson is the Co-founder of Under30CEO and is looking to help every young entrepreneur on the planet.

Mizoram Has A Key Role in ‘Look East Policy’

By Linda Chhakchhuak

Aizawl, Aug 21 : Building on its relationship with ASEAN countries is the cornerstone of India’s Look East Policy (LEP) and for that the Northeastern States, particularly Mizoram has a key role to play, said PS Raghavan, Special Secretary (Development Partnership Administration) in the Union Ministry of External Affairs. He was presenting his key-note address at the International Conference on Regionalism, Sub-regionalism and Connectivity: India’s Foreign Policy in the 21st Century, held here yesterday.

He said that recent trends show an easing off of security tensions leaving space for countries to pursue cooperation for mutual benefits. “Relationships can grow only when all feel secure”, he said.

Raghavan called on the people of the region to come forward and claim “full ownership” of the LEP, which according to him would usher in an era of development not only for the region but the country as a whole. He urged the people to discern between information and disinformation. As an example, he pointed to the Kaladan Multi-Modal Project (KMMP), a major scheme to geographically link India with Myanmar through Mizoram, in which he termed the concerns of sections of the local people about the adverse environmental impact of the KMMP as “propaganda.”

It is to be noted that the KMMP road project in Lawngtlai district has been halted as it did not have the required forest clearance. But when asked about this during tea break, Raghavan told The Assam Tribune that he did not know about any road project and added “if there is a road project, it is not ours”.

He said that the External Affairs Ministry has made strong efforts to carry the message of Indian foreign policy in the North East. So far, 80 events have been held with institutions, business groups, academic centers, etc.

The two day conference is being organised by the Jadavpur Association of International Relations and supported by the Public Diplomacy Division of MEA, the Maulana Abul Kalam Azad Institute of Asian Studies (MAKAIAS) and the Indian Council for Social Science Research (ICSSR).

Among the guest speakers was Deputy High Commissioner of Bangladesh Mahbub Hassan Saleh who averred that India should be an ‘elder brother’ though it is wont to go into the ‘big brother’ act when dealing with its smaller neighbours. However, he felt that ‘Indian security concerns have all been addressed’ and they could get down to the business of trading unhampered.

Ernest Bower, Co-Director at the Washington-based Centre for Strategic & International Studies (CSIS) said that the United States is ‘extremely interested in the LEP and sees a convergence of LEP with the US policy on the Asia Pacific region. “And we cannot think of such a convergence without the Northeatern region”, Bower said.

Lalrinliana Sailo, State Minister of Trade and Commerce said that the link roads should be developed first for the success of the LEP.

Dozens of scholars from across the country are here to present papers. The conference was held at Pachhunga University College in the city as it could not be held at the scheduled venue due to a road block called by local organisations to draw the attention of the government to the utterly bad link road to the Mizoram University Campus at Tanhril.

Rupee at 64: 5 Lessons from a man-made disaster

By Arjun Parthasarathy

The Indian rupee (INR) is trading at levels that can only be described as disastrous. Levels of Rs 63-64 to the US dollar mean all-time lows for the currency that has depreciated by a whopping Rs 20 – or 45 percent – over the last couple of years.

What has made the INR tank against the USD and join the ranks of countries such as Argentina and Iceland that have seen their currencies lose most of their value over the last decade? The Brazilian real is the only other currency that has depreciated more than the INR, falling by over 53 percent in the last two years.

Brazil’s problems largely stem from its sharp fall in GDP growth from levels of 7.5 percent seen in 2010 to below 1 percent seen in 2012. Weak commodity prices, with the Reuters CRB commodity index down by over 30 percent since the financial crisis erupted in 2007-08, bureaucracy, corruption and weak infrastructure are to be blamed for Brazil’s GDP growth fall.

Overconfidence was the undoing of the rupee: AFP
Overconfidence was the undoing of the rupee: AFP
India’s problems stem from overconfidence on growth, economic mismanagement, bureaucracy, corruption and weak infrastructure. The INR fall is completely man-made and policymakers blaming the forthcoming withdrawal of the stimulus by the US Fed is pure nonsense.

India offers a great learning tool for policymakers across the world on how not to manufacture currency disasters. India’s fall from strength in the mid 2000’s to a position of weakness post 2010 is well documented. High fiscal and current account deficits, rising inflation, falling economic growth and weak capital markets are the cause of the INR fall. What did the policymakers do to take the INR down to record lows and, more importantly, push India out of any kind of reckoning in the world economic order?

The following five man-made factors are the cause of the INR fall.

1. The government, public and private sector were living in a fool’s paradise believing that economic growth will never slow down. The government allowed subsidies to burgeon, as rising oil prices were not passed on to consumers while public sector banks lent heavily to infrastructure projects of the private sector where revenues were more mythical. The private sector floated projects based on valuations of licences and commodities rather than on future cash flows. The end result was a huge subsidy bill taking up the fiscal deficit by 300 bps (100 basis points make 1 percent), rising non performing assets of banks, that have gone up multi-fold, and a fall in valuations of over 80 percent of many companies in the private sector.  Government finances, banking sector balance sheets and health of corporates weakened considerably, leading to fall in valuations of the whole country that is reflected in the rupee fall.
2. The illusion of high foreign exchange reserves made policymakers ignore a potential spike in Current Account Deficit (CAD). India’s foreign exchange reserves touched record highs of around  $320 billion in February 2011 (around 11 months of import cover) but have plummeted by 12.5  percent since then to levels of  $280 billion (around seven months of imports). CAD has risen from levels of below 3 percent of GDP to 5 percent over the last few years. CAD was financed by capital flows that led policymakers to believe that a high CAD would not impact the INR. Structural issues of oil and gold imports, rising inflation and high fiscal deficit was ignored until too late.

3. Growth was given priority over inflation. The focus on growth by all stakeholders concerned pushed inflation to the back seat. The RBI was castigated in public by both the government and the corporates for taking any action on inflation as it was felt that growth would suffer. The numbers are stark. In the period 2008-12, wholesale price inflation came down to below zero to over 10 percent levels and then went back to over 10 percent levels. The RBI, in the meanwhile, raised the benchmark repo rate by 100bps and then cut the rate by 425 bps and then raised the rate by 375 bps. The seesawing of policy rates along with seesawing of inflation indicates that the central bank was being reactive rather than being proactive. The economy has suffered due to the wide fluctuations in inflation and policy rates, leading to the INR being dumped later on.

4. A falling INR hurt the pride of the government. The government felt that India was too much of a growth story for the INR to fall. The noises made by the government when the INR touched Rs 57 in June 2012 suggested that the INR was being pulled down due to reasons other than macroeconomic factors. The RBI forced speculators to reduce long USD/INR positions while the government made noises on reforms and growth. The government and the RBI did not show urgency in tackling the INR fall last year and that has hurt them heavily this year.

5. The INR fall to levels of below Rs 60 has awakened the ‘animal spirits’ of the government and the RBI. The FM has been touring the world to bring in foreign investments while the RBI has strangled liquidity and reintroduced capital controls. The end result is a fall to record low levels of Rs 64. These hasty “animal spirit” decisions have caused panic in the markets as any hope of economic growth pulling the INR up has been laid low. Policymakers are not focusing on growth at the right time and markets know that policy actions cannot stem the fall in the INR. Wrong policies at the wrong time.

Is there hope for the INR going forward? Yes, if the stakeholders learn from their earlier mistakes and take the right decisions.

The mistakes India has made on the INR will help other countries to tackle currency issues. 

Something good can after all come out of the INR fall. But it won’t help us right now.

Arjun Parthasarathy is the Editor of  www.investorsareidiots.com a web site for investors. 

No-Frill Thrills: The Rise of Minimalist Sex Apps

By Kevin Roose

In January of last year, Roman Sidorenko and Alexander Kukhtenko had an idea to break their sexual dry spells the way they solved many of their other problems: with an app.


"We wanted an easy way to find sex, basically," says Sidorenko. But the two friends (who describe themselves as "pomosexuals") were too impatient to use the available dating apps on the market, all of which required them to spend hours flirting with potential flings via chat or text message before getting a date and, possibly, sealing the deal. They knew there were horny people around them looking for sex — and nothing more — but had no way of figuring out where, and who, they were.

"We thought it would be cool to use an approach like Uber," Sidorenko says. "Where you basically create the request, and you get a car pretty soon. We thought it would be cool to have something like that to find a sex buddy."

From that brainstorm came Pure, a new app that brings the on-demand convenience of Uber or Seamless to the bedroom. On Pure, users designate their gender and the gender(s) of the people they'd like to sleep with, specify whether they are able to host or not, and are shown any other willing users in the surrounding area, each with an "Okay" or "No Way" prompt. When two users are mutually attracted, they're given each others' coordinates to meet up. There are no profiles, no lengthy chat sessions, and all unfulfilled requests vanish after an hour. Confidential user feedback keeps creeps at bay, and people who repeatedly no-show are banned.
Pure, which will launch next week pending approval by Apple's App Store ("we have a plan B," says Sidorenko), is the newest entry into one of the hottest subgenres of consumer tech: the minimalist hookup app. In olden days, people hoping to get their rocks off using the Internet had no choice but to try their luck on services like Match.com or OkCupid — which require them to fill out profiles, choose flattering photos, and spend hours crafting messages that likely went unread — or wade into the sketchy backwaters of Adult FriendFinder or Craigslist postings. Now apps like Tinder and Bang With Friends are offering itchy-fingered users the chance to cut out the chitchat and get down to getting down.
"People are becoming comfortable with a format of online dating that once sounded scary," says Dan Slater, author of Love in the Time of Algorithms. "If these new location-based, on-the-fly apps are largely for hooking up ... perhaps more people out there are looking for quick sex than had been originally thought."
Easy hookup apps aren't new — Grindr has been a staple of the gay community since 2009, and there has been a parade of copycats in the years since — but the success of Tinder and Bang With Friends seems to have pushed the idea into the hetero mainstream and attracted the interest of high-profile investors. Bang With Friends reportedly raised a $1 million funding round and was seen as dangerous enough for Zynga to sue it for trademark infringement. Tinder is backed by IAC and is a perennial target of acquisition rumors in Silicon Valley. Pure, which is hoping to ride the wave, raised a seed round of $200,000, according to Sidorenko, and is currently soliciting additional investments.
"It’s very interesting to see what Fifty Shades of Gray did for the pleasure-products industry," Sidorenko says. When that book became a monster hit, "it became okay to talk about BDSM stuff. It became okay to buy sex toys. This is the way the dating industry will be changed."

Pure co-founders Roman Sidorenko and Alexander Kukhtenko
So far, minimalist sex apps have yet to find Fifty Shades–like appeal. Grindr's hetero-focused spinoff, Blendr, flopped upon introduction two years ago, and while gay-oriented apps like Scruff have sprung up with even simpler interfaces, none has eclipsed the original. But Tinder and Bang With Friends have gotten all genders and orientations interested, in part by appearing less sketchy than silly and spontaneous.
Part of the theoretical appeal of Pure and Bang With Friends is that, like Grindr, they cut the mating process down to its essential, primal elements — gender, age, appearance, location, availability — and remove the sting of rejection by showing users only the matches that have expressed interest in them, too. Unlike on Grindr, users aren't required to have or maintain separate profiles (Bang With Friends simply pulls information from Facebook), and on Pure, there is no "idle" or "away" setting, meaning that everyone using the app is presumably DTF at the moment of contact.
"Grindr is nothing but a traditional dating site," Sidorenko says. "To find someone for a hookup, you have to start a standard chat like, 'Hi, how are you, are you looking, can you host?' A lot of gay people we interviewed said, 'I wish I had a way to see who’s looking to meet right now.'"
Of course, even the most bare-bones matchmaker will require some precoital communication. And the tremendous success of more traditional online dating services (IAC's Match.com, for one, made $205 million last year) proves that many people don't want to skip the foreplay.
"These apps are tapping into this perception that people are looking for casual sex, but most people are using these apps as a gateway to something longer term," says Lauren Kay, the founder of the Dating Ring, a start-up that pairs algorithmic date-finding with old-fashioned in-person matchmaking.
In addition to proving they're not just racy novelties, minimalist sex apps will have to figure out how to make money. Bang With Friends has no apparent revenue model at present, though it's easy to imagine a premium version that charged users for better matches. The founders of Pure, whose website and investor deck are filled with feminine imagery and sex-positive language, say they're starting out by marketing to "men who have sex with men," but hope to break into the straight, bi-, and polyamorous markets soon after launch. Their money-making concept centers on charging users $9.99 for a day pass, which allows them to submit unlimited requests for 24 hours.

Eventually, Pure's co-founders say they hope to be part of a cultural change surrounding online sex-discovery. They've enlisted female sexologist Carol Queen to help them reach women, and they're planning a series of marketing events at New York bars in the coming weeks. The goal is to get casual sex-seekers comfortable with the idea of skipping the small talk, avoiding the awkward bar drinks, and going right for the sack.
That will be easier said than done. "Everyone's trying to get on the online-dating gravy train," says Harry Reis, a professor of clinical psychology at the University of Rochester. Reis, who has written extensively about online-dating habits, is wary of the rise of minimalist apps, especially the ones that promise to arrange casual, spur-of-the-moment flings. Reis also points out that while society's attitudes about monogamy may be changing, that change doesn't necessarily mean that people will flock to spur-of-the-moment hookup apps for a quick fix.
"Just because a person isn't interested in monogamy doesn't mean they're interested in having sex with anyone and anything," he says.