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Vote for Chittai at Paypal Developer Challenge – is a web application (demo for now¬†) that has been developed to run Chit Funds in United States. This application has been submitted for Software development competition held by PayPal in United States. You can cast your vote ( before March’ 05, 2010 deadline) in favor of this application, so that Chit Funds can evolve in United States and benefit lower-income and middle-income group of United States.

What are Chit Funds ? – Financial Instrument

Chit Funds is a 1000 years old financial instrument intimately connected with millions of people in developing countries. Chit Funds is in practice in India, Central African countries, China, Pakistan and other south-east asian countries. Chit Funds is popular among the low-income group, self-employed and salaries class. A study by the institute for financial management and research (IFMR) has found chit funds prove to be successful providing an innovative access to finance for low income households. Study was conducted in India. Study was funded by Bill & Melinda Gates Foundation.

Academy Awards – The Oscar Statuette Secrets

Do you know during World War II, when metals and other materials were scarce, the Oscars were made of plaster.

Here are more inside about Oscar statuettes

Trophies are around 8.5 pounds of metal.

Oscar is 13.5 inches (34 centimeters) tall.

Oscars statuettes are molded, polished and buffed by workers at R.S. Owens & Company

List of Japan’s 40 Wealthiest People

Japan’s 40 Richest

According to Forbes, even the soaring yen couldn’t pull up the fortunes of Japan’s richest people.

Japan’s retail tycoon Tadashi Yanai tops the list and he is now worth $6.1 billion and has moved up to No. 1 from No. 6 last year, becoming the fifth person in as many years to take the top spot in Japan.

Japan’s 40 Richest are now worth a combined $69.5 billion. The year’s richest newcomer is Internet entrepreneur Yoshikazu Tanaka.

OK, Here is the Japan’s 40 Richest