Archive for September, 2008

Starting in 2007, daylight time begins in the United States on the second Sunday in March and ends on the first Sunday in November.

Not all places in the U.S. observe daylight time. In particular, Hawaii and most of Arizona do not use it. Indiana adopted its use beginning in 2006.

• In 2008, daylight time begins on March 9 and ends on November 2.
• In 2009, daylight time begins on March 8 and ends on November 1.

[ Daylight Time ]

Mylswamy Annadurai, native of Coimbatore, Tamilnadu, India is a scientist with the Indian Space Research Organization and he is the Project Director of Chandrayaan I, India’s first mission to moon.

Mylswamy Annadurai obtained his Masters Degree in Engineering from PSG College of Technology, Coimbatore, Tamilnadu in India. He joined ISRO in 1982.

Mr. Annadurai is the recipient of the Hariom Ashram pretit Vikram Sarabhai Research Award for his outstanding Contributions to Systems analysis and Space systems management(2004).

India will host Live Earth 2008 series of music concerts in Mumbai on December 7 2008. Mega event will be held in Andheri sports complex in suburban Mumbai.

Live Earth India, this year’s concert for a climate in crisis, will feature world-renowned musicians and performers, environmental advocates and celebrities from India, the U.S. and all over the globe.

IPCC Chair Dr. Rajendra Pachauri, renowned director Shekar Kapur, and global superstar Amitabh Bachchan along with founder Kevin Wall were present at our press conference last night in Mumbai Former Vice President Al Gore was present via satellite and everyone answered questions

Former U.S. Vice President Al Gore, who participated in the press announcement live via satellite, said”India should lead the world by committing to produce all of its new energy in the electricity sector from clean and renewable sources within the next 10 years.”

The Energy and Research Institute (TERI) headed by nobel laureate Rajendra Pauchari and an organisation ‘Climate project India’ will be the beneficiaries of this concerts.

[Liveearth ]

Short selling is the selling of a stock that the seller doesn’t own in order to buy it back once it has fallen in price, netting a profit in the process.

Basically a hedge fund or large investment bank takes the view that shares in a particular company are set for a fall. The investor then borrows the shares from someone who does own them – most often a large pension fund or insurance company – and sells them in the market. Once the shares have fallen in value, the investor buys them back at the lower price and returns them to the lender.

Example

1. Assume shares in “Company A” currently sell for $10 per share.
2. Short seller just borrows (he did not paid any money to the owner of the share) 1000 shares of “Company A” and sells for $10,000 hoping that that price will go down.
3. Now , short seller has net cash of $ 10,000 in his trading account and he has to owe 1000 share of “Company A” to the actual owner, which he borrowed.
4. As per short seller’s hope price went down, say $8 per share. He buys 1000 shares back from market for a price of $8 (Paid only $8,000 )
5. Short seller returns 1000 shares of “Company A” to the actual owner and profited $ 2,000 easily (10,000 - 8,000 = 2,000)
6. NOTE : If the price goes up short selling has the potential losses as well,

[  Short selling ]