Archive for May 25th, 2008

Indian Education Sector Is Hot, But Stocks Are Looking Costly - Wall Street Journal
Although the private-education business is hot and is likely to keep growing fast, a few analysts say some popular education company shares — notably those of market leader Educomp Solutions — are looking pricey. But education bulls aren’t so

China Aftershock Seen Rattling Stocks - Street.Com
Sunday’s destructive aftershock to China’s earlier, catastrophic earthquake is expected to dampen sentiment on Chinese bourses Monday. The aftershock measuring 6.4 on the Richter scale killed two, hurt more than 480 others and destroyed and

Investors wary of size of quake loss - Xinhua News Agency
BEIJING, Might 26 — A lack of impetus could dampen Shanghai stocks this week after they fell more than 4 percent last week amid concern that losses caused by the huge earthquake in Sichuan Province may be more massive than expected. Moreover, a declining

High Oil Prices Weigh Heavily on Asian Markets - CNBC
Asian markets open the Monday session weaker, tracking falls on Wall Street attributed to high oil prices, while exporters such as Canon fell under pressure due to a weaker U.S. dollar. Wall Street stocks fell on Friday to round out the worst week in

Japan stocks may slip on Wall St fall, firmer yen - Reuters
TOKYO, May 26 (Reuters) - Japanese stocks are apt to fall on Monday, led lower by exporters such as Kyocera Corp (6971.T: Quote , Profile , Research ) on a firmer yen and after U.S. stocks booked their worst week in three months on record oil

Shares fall on US jitters - News.com.au
THE share market has opened lower after US stocks fell on Friday on concerns over the rising price of oil. At 10.14am (AEST), the benchmark S&P/ASX200 index was down 43.7 points, or 0.76 per cent, to 5724.3, while the broader All Ordinaries lost 41.2

Australia Stocks Preview: Babcock, Fortescue, Qantas, Woodside - Bloomberg
Might 26 (Bloomberg) — The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed on Friday. Prices are from Friday’s close unless otherwise stated. Stock symbols are in

FTSE first quarter rally fuelled by natural resources - Daily Telegraph
The stock market has bounced back strongly from one of the worst starts to the year in recent history. When I surveyed the market’s first-quarter performance at the end of March, the FTSE 100 was down 14.9pc since the beginning of the year. London’s

Aussie stocks open lower - News.com.au
THE Australian share market has opened lower with miners and banks down after US stocks fell on Friday over concerns over the rising price of oil. At 10:14, the benchmark S&P/ASX200 index was down 43.7 points, or 0.76 per cent, to 5724.3, while the

Oil prices, housing inventories up, sending stocks down - Denver Post
NEW YORK — U.S. stocks ended Friday with losses and fell sharply for the week, as crude oil surged well above $130 a barrel, putting pressure on a market besieged by worries that inflation will crimp consumption and further weaken the economy. The

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We all get ideas. You know, the ones that sound like good ideas at the time. But we forget to think them through.

And business owners do the same thing. Business people get caught up in an idea that sounds fantastic, that can improve their business, bring publicity, help others. But we sometimes stop to think that our idea may not be the best for the people we’re trying to help.

Case in point:

I saw a news story about a business group called “One Laptop Per Child” that wants to donate laptops to kids in developing countries. Great idea! Or is it? Why would I want to give laptops to children who are dying of AIDS and malnutrition? Maybe they have the ability to email their friends to let them know of places they have the ability to sleep for the night or find food.

How will these kids run these laptops? Where will they connect to the World wide web? I get a mental picture of lots of big-eyed children huddled around outside some World wide web cafe’ hoping to catch a stray wireless connection.

I did see that the organization had a program where you could buy a laptop and give one to a child in a developing country, but I still think it would be superior to donate the money to a reputable charity that could give the children what they REALLY need - food, clothing, shelter.

As business people, we need to think more about the needs of the people we’re trying to help rath than our own needs.

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Writer Ryan Murphy created two shows which take a slant look at the focus on appearance, the plastic surgery drama “Nip/Tuck” and the underrated high school dark comedy “Popular” as well as writing the screenplay and directing the 2006 motion picture “Running With Scissors.” This talented man has some lovely taste in real estate. The Real Estalker Mama reports that he purchased the home in the hills above West Hollywood in 2001 which has been restored into a modern beauty. The home is tucked in a woodsy lot with plenty of privacy. The home, which was designed by modernist architect Carl Maston has massive glass walls, concrete floors, and gleaming wood.

At 3,210 square feet the home might be a little small by Los Angeles mansion standards and some of the smaller rooms seem a tiny dark but overall it’s a rather perfectly decorated with furniture that fits the era of the home. Like the Real Estalker Mama, I don’t love the use of a urinal in a home lavatory and the kitchen seems like a tough place to cook dinner with more than one person. Small quibbles on a truly charming residence. It is listed at $4.195 million.

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Continue reading Ryan Murphy’s Midcentury Modern, Estate of the Day

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From The New Zealand Herald:
–RIchmond Hall,shown above, a Georgian-style manor in New Zealand that was used in the Peter Jackson movie, “The Frighteners” is for sale. The listing is here.

From The Sun:
Billionaire Lakshmi Mittal might be set to buy a mansion in Kensington Palace Gardens, West London for

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  PimpYourWork.com

Yeah, you’re probably sick of the 9-hour workweek stuff I’ve been writing about lately.  This is the last of them, and it’s quite important as it lists the shortcomings of my crazy system.  Here are the links to the previous articles of this series, for those of you who are just tuning in:

Now, for the problems I encounter with my 9-hour workweek:

There are some tasks I want a VA to handle, but haven’t found the right one yet.  Mainly because most of the available reputable VA companies are charging in US dollars and don’t really do non-US based tasks (or there’s an extra charge).  Like if I want tickets to a show here, in the Philippines, they can’t get it for me.  Plus, their rates are more pricey.  I want to look for a local VA but it’s frigging hard finding a good, trustworthy one.

I’ve a hard time with productivity for more creative tasks.  This includes my comics.  I’m not the slacker type who waits for “inspiration” (although that helps a lot), I just try to get the work done as well as I can, no matter how long it takes.  But creative tasks aren’t something you can time.  I can’t say “I’ll finish this comic in 2 hours”.  It just doesn’t happen.  Sometimes it’s 2 hours, sometimes it’s an entire day.  It’s all fine by me as that’s the nature of the process, I’m just saying it’s not something I have the ability to incorporate into my schedule a structured way.

Like I mentioned before, since I focus more on more critical work, I’m put in a precarious position.  If I’m fired by my biggest paying client, my income will decrease dramatically.  I’ll find a workaround, which might lie in income diversification.  My income is already diversified, but I’d like to earn some money through a physical product or an information product.

I’m still scared sh*tless.   It’s scary to suddenly be nearly totally responsible for your time.  You’ve got no one else to blame if you waste it.  If you only have a 9-hour workweek, what the hell do you do with the rest of your waking hours?  This is where  personal goals come into play.  I tell you, if you haven’t laid them out before you cut back on your work hours, you’ll be lost and end up reverting to trivial tasks or losing hours of your life in mindless entertainment.  Thankfully, I’ve tackled the problem before, so I’m only 30% lost.

Any of you tried cutting back on your work hours?  What problems did you run into?

Photo Credit: Image from Andrzej Gdula  from stock.xchng

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Warren Buffett on children: “…a very rich person should leave his kids enough to dwarrenbuffett_nc.jpgo anything but not enough to do nothing.”

You don’t have to be very rich to believe that. Have you ever wondered why children of rich people don’t do as well as their parents? I believe it’s because they didn’t have to work to get things, so they don’t appreciate them.

As you might know from reading my past posts, I greatly admire Mr. Buffett. He lives in a modest home in Omaha, Nebraska, works hard, and is concerned about others. And he isn’t leaving his children a fortune. This CNBC Interview describes their lives growing up and reveals what he’s leaving them in his will (not much).

I always tell my kids I’m not leaving them anything, just like Warren Buffett.

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I’ve made a list of articles from Yielding Wealth that Pimp Your Work readers might find useful.  After all, making the most out of the money we earn from working so efficiently is something we all need to learn.  (Besides, I love reading about finance and frugality.)

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