Predatory mortgage lending
There is concern in the U.S. that consumers are often victims of predatory mortgage lending . The main concern is that mortgage brokers and lenders, operating legally, are finding loopholes in the law to obtain additional profit. The typical scenario is that terms of the loan are beyond the means of the borrower. The borrower makes a number of interest and principal payments, and then defaults. The lender then takes the property and recovers the amount of the loan, and also keeps the interest and principal payments, as well as loan origination fees.
Sunday, October 12, 2008
A short insight on US Mortgage Crisis
Saturday, September 6, 2008
Think SMART, ACT SMART &.......SELL S.M.A.R.T.....................
The Japanese have always loved fresh fish.But the water close to Japan has not held many fish for decades.
So to feed the Japanese population, fishing boats got bigger and went farther than ever.
The farther the fishermen went, the longer it took to bring the fish.
If the return trip took more time, the fish were not fresh. To solvethisproblem, fish companies installed freezers on their boats.
They wouldcatchthe fish and freeze them at sea. Freezers allowed the boats to gofartherand stay longer.
However, the Japanese could taste the difference between fresh andfrozenfish. And they did not like the taste of frozen fish.
The frozen fishbrought a lower price.So, fishing companies installed fish tanks. They would catch the fishandstuff them in the tanks, fin to fin. After a little thrashing around,theywere tired, dull, and lost their fresh-fish taste.
The fishing industryfaced an impending crisis! But today, they get fresh-tasting fish toJapan.
How did they manage?
To keep the fish tasting fresh,
the Japanese fishing companies still putthe fish in the tanks but with a small shark.
The fish are challenged and hence are constantly on the move.
The challenge they face keeps them alive and fresh!
Have you realized that some of us are also living in a pond but most ofthetime tired and dull?
Basically in our lives, sharks are new challenges to keep us active.
If you are steadily conquering challenges, you are happy.
Your challenges keep you energized.
Don't create success and revel in it in a state of inertia.
Youhave the resources, skills and abilities to make a difference.
Put a shark in your tank and see how far you can really go
'Weakness of attitude becomes weakness of character' - Albert Einstein
Think SMART, ACT SMART &.......SELL S.M.A.R.T.....................
So to feed the Japanese population, fishing boats got bigger and went farther than ever.
The farther the fishermen went, the longer it took to bring the fish.
If the return trip took more time, the fish were not fresh. To solvethisproblem, fish companies installed freezers on their boats.
They wouldcatchthe fish and freeze them at sea. Freezers allowed the boats to gofartherand stay longer.
However, the Japanese could taste the difference between fresh andfrozenfish. And they did not like the taste of frozen fish.
The frozen fishbrought a lower price.So, fishing companies installed fish tanks. They would catch the fishandstuff them in the tanks, fin to fin. After a little thrashing around,theywere tired, dull, and lost their fresh-fish taste.
The fishing industryfaced an impending crisis! But today, they get fresh-tasting fish toJapan.
How did they manage?
To keep the fish tasting fresh,
the Japanese fishing companies still putthe fish in the tanks but with a small shark.
The fish are challenged and hence are constantly on the move.
The challenge they face keeps them alive and fresh!
Have you realized that some of us are also living in a pond but most ofthetime tired and dull?
Basically in our lives, sharks are new challenges to keep us active.
If you are steadily conquering challenges, you are happy.
Your challenges keep you energized.
Don't create success and revel in it in a state of inertia.
Youhave the resources, skills and abilities to make a difference.
Put a shark in your tank and see how far you can really go
'Weakness of attitude becomes weakness of character' - Albert Einstein
Think SMART, ACT SMART &.......SELL S.M.A.R.T.....................
Tuesday, September 2, 2008
How to catch a Liar
Of all stinging invectives, being called a liar is near the top. Fact is, though, if bona fide lie detectors existed, we'd all be guilty as charged.
According to an oft-cited 1996 University of Virginia study led by psychologist Bella DePaulo, lying is part of the human condition. Over the course of one week, DePaulo and her colleagues asked 147 participants, aged 18 to 71, to record in a diary all of their social interactions and all of the lies they told during them. On average, each person lied just over 10 times, and only seven participants claimed to have been completely honest.
The truth, according to social psychologist Leonard Saxe, director of the Steinhardt Social Research Institute at Brandeis University, is that the right pressures or incentives will cause anybody to lie.
To be fair, most of the time we're just trying to be nice. (When your girlfriend asks if she looks good in her new dress, most guys--if they know what's good for them--say yes.) Indeed, according to DePaulo's study, such "false-positive" fibs are delivered 10 to 20 times more often than spurious denials of culpability.
Thankfully, too: "We lie less frequently to our significant others because we're more invested in those relationships," says Jeffrey Hancock, associate professor of communications at Cornell University.
For all the Elliot Spitzers, Jeffrey Skillings and Bill Clintons in the world, studies show that men and women lie with equal frequency. One difference, according to a 2002 University of Massachusetts study conducted by psychologist Robert Feldman: Women are more likely to lie to make other people feel good, while men tend to lie to make themselves look better.
How to catch liars in the act? Traditional polygraph tests, around in some form or fashion since the early 1900s, use sensors to detect fluctuations in blood pressure, pulse, respiration and sweat in response to probing questions. Two problems with polygraphs: First, they only work about 80% of the time, according to the American Polygraph Association. Second, it's not like we are going to carry all that hardware to a business meeting or a bar.
While there is no surefire on-the-spot way to sniff out dissemblers, there are some helpful clues and tactics for uncovering untruths.
Skilled liars don't break a sweat, but the rest of us get a little fidgety. Four possible giveaways: shifty eyes, higher vocal pitch, perspiration and heavier breathing. Of course, not everyone who doesn't meet your gaze is a liar.
"Certain behavioral traits, like averting eye contact, could be cultural and not indicative of a liar," says Joseph Buckley, president of John E. Reid & Associates, which has provided interview and interrogation training to more than 500,000 law enforcement agents to date. The company is also the creator of the Reid Technique, a nine-step interrogation process employed by many U.S. law enforcement agencies.
Another clue: imprecise pronouns. To psychologically distance themselves from a lie, people often pepper their tales with second- and third-person pronouns like "you," "we" and "they," says Hancock.
Liars are also more likely to ask that questions be repeated and begin responses with phrases like, "to tell you the truth," and "to be perfectly honest," says Reid.
When telling the truth, people often make hand gestures to the rhythm of their speech. Hands emphasize points or phrases--a natural and compelling technique when they actually believe the points they're making. The less certain will keep gesticulations in check, says Hancock.
Something about the phone seems to bring out the liar in us. In one week-long study of 30 college students, Hancock observed that the phone was the weapon of choice, enabling 37% of all the lies, versus 27% during face-to-face exchanges, 21% using Instant Messaging and just 14% via email. Little surprise, perhaps: Most phone calls don't leave a record behind.
Will we ever come clean? Not likely. The subjects in DePaulo's study confessed that they would tell 75% of the lies again if given the opportunity. Chances are, they'd get away with it.
According to an oft-cited 1996 University of Virginia study led by psychologist Bella DePaulo, lying is part of the human condition. Over the course of one week, DePaulo and her colleagues asked 147 participants, aged 18 to 71, to record in a diary all of their social interactions and all of the lies they told during them. On average, each person lied just over 10 times, and only seven participants claimed to have been completely honest.
The truth, according to social psychologist Leonard Saxe, director of the Steinhardt Social Research Institute at Brandeis University, is that the right pressures or incentives will cause anybody to lie.
To be fair, most of the time we're just trying to be nice. (When your girlfriend asks if she looks good in her new dress, most guys--if they know what's good for them--say yes.) Indeed, according to DePaulo's study, such "false-positive" fibs are delivered 10 to 20 times more often than spurious denials of culpability.
Thankfully, too: "We lie less frequently to our significant others because we're more invested in those relationships," says Jeffrey Hancock, associate professor of communications at Cornell University.
For all the Elliot Spitzers, Jeffrey Skillings and Bill Clintons in the world, studies show that men and women lie with equal frequency. One difference, according to a 2002 University of Massachusetts study conducted by psychologist Robert Feldman: Women are more likely to lie to make other people feel good, while men tend to lie to make themselves look better.
How to catch liars in the act? Traditional polygraph tests, around in some form or fashion since the early 1900s, use sensors to detect fluctuations in blood pressure, pulse, respiration and sweat in response to probing questions. Two problems with polygraphs: First, they only work about 80% of the time, according to the American Polygraph Association. Second, it's not like we are going to carry all that hardware to a business meeting or a bar.
While there is no surefire on-the-spot way to sniff out dissemblers, there are some helpful clues and tactics for uncovering untruths.
Skilled liars don't break a sweat, but the rest of us get a little fidgety. Four possible giveaways: shifty eyes, higher vocal pitch, perspiration and heavier breathing. Of course, not everyone who doesn't meet your gaze is a liar.
"Certain behavioral traits, like averting eye contact, could be cultural and not indicative of a liar," says Joseph Buckley, president of John E. Reid & Associates, which has provided interview and interrogation training to more than 500,000 law enforcement agents to date. The company is also the creator of the Reid Technique, a nine-step interrogation process employed by many U.S. law enforcement agencies.
Another clue: imprecise pronouns. To psychologically distance themselves from a lie, people often pepper their tales with second- and third-person pronouns like "you," "we" and "they," says Hancock.
Liars are also more likely to ask that questions be repeated and begin responses with phrases like, "to tell you the truth," and "to be perfectly honest," says Reid.
When telling the truth, people often make hand gestures to the rhythm of their speech. Hands emphasize points or phrases--a natural and compelling technique when they actually believe the points they're making. The less certain will keep gesticulations in check, says Hancock.
Something about the phone seems to bring out the liar in us. In one week-long study of 30 college students, Hancock observed that the phone was the weapon of choice, enabling 37% of all the lies, versus 27% during face-to-face exchanges, 21% using Instant Messaging and just 14% via email. Little surprise, perhaps: Most phone calls don't leave a record behind.
Will we ever come clean? Not likely. The subjects in DePaulo's study confessed that they would tell 75% of the lies again if given the opportunity. Chances are, they'd get away with it.
Friday, August 1, 2008
How do we fellow citizen's Stop Serial Bombs
After all the person setting up the Bomb is also another human, let us ask a question to ouselves on why he does this to us.
They have been educated that India is not your country - Let us make them feel that India is also their own country, do not show hatred to religion caste sect etc.. treat as human and get ur self treated as.......
If They are not from India - Let us make it a point, who ever i am i am an Indian and if some body wants to hurt my country it is like hurting my self so i will throw him out.
I personally feel that people of pakistan are our own blood so let us also tell them loud - you are my brother do you want to hurt your own brother - your own Blood, If he or she still tells yes stab him on his face not behind.
Jai Hind
They have been educated that India is not your country - Let us make them feel that India is also their own country, do not show hatred to religion caste sect etc.. treat as human and get ur self treated as.......
If They are not from India - Let us make it a point, who ever i am i am an Indian and if some body wants to hurt my country it is like hurting my self so i will throw him out.
I personally feel that people of pakistan are our own blood so let us also tell them loud - you are my brother do you want to hurt your own brother - your own Blood, If he or she still tells yes stab him on his face not behind.
Jai Hind
Take Care of your Indian Passport
I hope this will be a valuable info to all........
Be Careful at the Indian Airports, This is a well organized conspiracy by Indian Immigration, Police, Customs and Air India staff with networking at all the Indian International Airports. Be careful when ever you give your passport to Immigration/ Customs/Air India staff. The pass port can be easily tampered and can create trouble to you. They have found easy way of making money from NRIs. This is the way it works:
At the time of the passenger's departure, if the passenger is not looking at the officer while he is stamping the exit, the officer very cleverly tears away one of the page from the passport. When the passenger leaves the immigration counter, the case is reported on his computer terminal with full details. Now all over India they have got full details of the passenger with Red Flag flashing on the Passport number entered by the departure immigration officer. They have made
their money by doing above. On arrival next time, he is interrogated. Subject to the passenger's period of stay abroad, his income and standing etc., the price to get rid of the problem is settled by the Police and Immigration people. If someone argues, his future is spoiled because there are always some innocent fellows who think the honesty is the basis of getting justice in India...
Please advise every passenger to be careful at the airport. Whenever they hand over the passport to the counters of Air India, or immigration or the customs, they must be vigilant, should not remove eyes from the passport even if the officer in front tries to divert their attention.
Also, please pass this information to all friends, media men and important politicians. Every month 20-30 cases are happening all over India to rob the NRIs the minute he lands. Similar case has happened with Aramco's Arifuddin. He was traveling with his family. They had six
passports. They got the visa of America and decided to go via Hyderabad from Jeddah. They reached Hyderabad. Stayed about a month and left the States. When they reached the States, the page of the American visa on his wife's passport was missing. At the time of departure from
Hyderabad it was there, the whole family had to return to Hyderabad helplessly. On arrival at Bombay back, they were caught by the police and now it is over 2 months, they are running after the Police, Immigration officers and the Courts. On going in to details with him, he found out the following: One cannot imagine, neither can believe, that the Indian Immigration dept can play such a nasty game to harass the innocent passengers. All the passengers traveling to & fro India via Bombay and Hyderabad must be aware of this conspiracy. Every month 15 to 20 cases are taking place, at each mentioned airport, of holding the passengers in the crime of tearing away the passport pages. On interviewing some of them, none of them was aware of what had happened. They don't know why, when and who tore away the page from the middle of the passport. One can imagine the sufferings of such people at the hands of the immigration, police and the court procedures in India after that. The number of cases is increasing in the last 2-3 years. People who are arriving at the immigration, they are questioned and their passports are being held and they have to go in interrogation. Obviously, the conspiracy started about 2 to 3 years ago, now the results are coming. Some of the Air India counter staff too is involved in this conspiracy.
KINDLY SEND THIS TO AS MANY AS YOUR FRIENDS ACROSS THE WORLD AND ALSO REQUEST THEM TO CHECK THE PASSPORT AT THE CHECKING COUNTERS AND BEFORE LEAVING THE AIRPORT
Be Careful at the Indian Airports, This is a well organized conspiracy by Indian Immigration, Police, Customs and Air India staff with networking at all the Indian International Airports. Be careful when ever you give your passport to Immigration/ Customs/Air India staff. The pass port can be easily tampered and can create trouble to you. They have found easy way of making money from NRIs. This is the way it works:
At the time of the passenger's departure, if the passenger is not looking at the officer while he is stamping the exit, the officer very cleverly tears away one of the page from the passport. When the passenger leaves the immigration counter, the case is reported on his computer terminal with full details. Now all over India they have got full details of the passenger with Red Flag flashing on the Passport number entered by the departure immigration officer. They have made
their money by doing above. On arrival next time, he is interrogated. Subject to the passenger's period of stay abroad, his income and standing etc., the price to get rid of the problem is settled by the Police and Immigration people. If someone argues, his future is spoiled because there are always some innocent fellows who think the honesty is the basis of getting justice in India...
Please advise every passenger to be careful at the airport. Whenever they hand over the passport to the counters of Air India, or immigration or the customs, they must be vigilant, should not remove eyes from the passport even if the officer in front tries to divert their attention.
Also, please pass this information to all friends, media men and important politicians. Every month 20-30 cases are happening all over India to rob the NRIs the minute he lands. Similar case has happened with Aramco's Arifuddin. He was traveling with his family. They had six
passports. They got the visa of America and decided to go via Hyderabad from Jeddah. They reached Hyderabad. Stayed about a month and left the States. When they reached the States, the page of the American visa on his wife's passport was missing. At the time of departure from
Hyderabad it was there, the whole family had to return to Hyderabad helplessly. On arrival at Bombay back, they were caught by the police and now it is over 2 months, they are running after the Police, Immigration officers and the Courts. On going in to details with him, he found out the following: One cannot imagine, neither can believe, that the Indian Immigration dept can play such a nasty game to harass the innocent passengers. All the passengers traveling to & fro India via Bombay and Hyderabad must be aware of this conspiracy. Every month 15 to 20 cases are taking place, at each mentioned airport, of holding the passengers in the crime of tearing away the passport pages. On interviewing some of them, none of them was aware of what had happened. They don't know why, when and who tore away the page from the middle of the passport. One can imagine the sufferings of such people at the hands of the immigration, police and the court procedures in India after that. The number of cases is increasing in the last 2-3 years. People who are arriving at the immigration, they are questioned and their passports are being held and they have to go in interrogation. Obviously, the conspiracy started about 2 to 3 years ago, now the results are coming. Some of the Air India counter staff too is involved in this conspiracy.
KINDLY SEND THIS TO AS MANY AS YOUR FRIENDS ACROSS THE WORLD AND ALSO REQUEST THEM TO CHECK THE PASSPORT AT THE CHECKING COUNTERS AND BEFORE LEAVING THE AIRPORT
Thursday, June 19, 2008
A success story called Microsoft!
One can barely think of computers or infotech without thinking about Microsoft: the two are, inseparable. Today, offices and homes across the globe have opened their doors to Microsoft Windows, which has become an integral part of how people work on thier computers. And it all began with one man's belief that the 'computer would be a valuable tool on every office desktop and in every home.'
This was the inspiration for one of the world's greatest entrepreneurs Bill Gates to develop software for personal computers. His vision for personal computing has been Microsoft's success mantra.
On June 27, 2008, Gates will step down from the helm of affairs of the world's largest software company that he co-founded in 1975, to pursue philanthropy full time. Gates will, however, continue to serve as Microsoft's non-executive chairman and an advisor on key development projects.
Under Gates' leadership, Microsoft's mission has been 'to advance and improve software technology, and to make it easier, more cost-effective and more enjoyable for people to use computers.'
"July 1 is when I make a change. I'll go from being full-time at Microsoft and part-time on the work of my foundation (the Bill and Melinda Gates Foundation) to doing it the other way around, full-time on the foundation and part-time with my Microsoft work. Now, that's the first time I've really changed my career since I was 17 years old and just completely immersed in software and the unbelievable ways that software, together with the microprocessor, has created new things, including the personal computer itself and the entire Internet," Gates Gates told software developers at Microsoft's TechEd conference about his transition on June 3.
This was the inspiration for one of the world's greatest entrepreneurs Bill Gates to develop software for personal computers. His vision for personal computing has been Microsoft's success mantra.
On June 27, 2008, Gates will step down from the helm of affairs of the world's largest software company that he co-founded in 1975, to pursue philanthropy full time. Gates will, however, continue to serve as Microsoft's non-executive chairman and an advisor on key development projects.
Under Gates' leadership, Microsoft's mission has been 'to advance and improve software technology, and to make it easier, more cost-effective and more enjoyable for people to use computers.'
"July 1 is when I make a change. I'll go from being full-time at Microsoft and part-time on the work of my foundation (the Bill and Melinda Gates Foundation) to doing it the other way around, full-time on the foundation and part-time with my Microsoft work. Now, that's the first time I've really changed my career since I was 17 years old and just completely immersed in software and the unbelievable ways that software, together with the microprocessor, has created new things, including the personal computer itself and the entire Internet," Gates Gates told software developers at Microsoft's TechEd conference about his transition on June 3.
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