Saturday, 13 December 2014

Education Overload

By Rodney Johnson  |  December 9, 2014  |  Economy & Markets

When students don’t organize their college years very well, who ends up footing the bill?

My son, a college junior, recently registered for the spring semester. As he described his upcoming classes to me, I had one question. When will you graduate? His answer of, “In 2016, I think,” was uninspiring.

He arrived at college with 26 credits earned through Advanced Placement classes in high school. The idea that he might not get the other 94 credits of required courses to graduate in four years, even though he has been taking 12 to 15 hours per semester, put me on edge. But it’s not entirely his fault.

The university has no vested interest in him graduating on time since it earns hefty fees and tuition as long as he is on campus. Besides, he’s an out-of-state student, so he pays more than locals.

If he’s paying more and staying longer, what’s not to love?

According to a study released by the non-profit Complete College America (CCA), 19% of students at non-flagship public universities complete a bachelor’s degree in four years, whereas at flagship public universities the percentage is still an appalling 36%. CCA sites a number of reasons why this might be so, including too many choices presented to students and the lack of transferability of credits when students switch universities.

These sound like valid points, but from personal experience, I know of another reason — the schools don’t set out programs and paths that ensure students are tracking for a four-year stay.

... continue reading here:
http://economyandmarkets.com/purchasing-power/education/education-overload/

More Reading:
http://economyandmarkets.com/category/purchasing-power/education/

http://economyandmarkets.com/purchasing-power/education/the-3-rs-spell-inequality/

http://economyandmarkets.com/purchasing-power/demographic-trends/promising-demographic-trends/

http://economyandmarkets.com/economy/business-cycle/economic-kung-fu/

Tuesday, 11 November 2014

高山上的悲歌

商業周刊   2014-11-08  奇普‧布朗  Chip Brown  |《國家地理》雜誌中文版  |
2014年4月18日清晨,一大塊冰塊從聖母峰西側山肩崩落,釀成當地有史以來死傷最慘重的山難,也讓聖母峰陷入最黑暗的一天。

這場雪崩奪走了16名雪巴族高山工人的性命,對許多家庭造成了極為深遠的影響,長期以來的勞工問題更因此浮上枱面。雪巴人冒著生命危險協助來自世界各地的登山客攀登聖母峰,也為尼泊爾帶來大筆進帳,但政府卻沒有給他們相應的保障。悲傷的雪巴人憤而罷工,並且向政府提出13項要求,為高山工人及他們的家人爭取更多權益。

許多人注意到,年輕一代的雪巴嚮導和工人擁有一股以前沒有的自信。然而他們卻被某些人貼上了「好戰分子」的標籤。一位登山公司創辦人指出,這些年輕人更清楚自己的權利。他們知道自己可以坦率地表達心聲。他們對外面的世界有所認識,也知道政府從登山許可證收入中賺了多少錢,回饋給他們的又有多微薄。他們不應該被貼上派系標籤,因為他們不是什麼新派系,而是年輕的一代。

雪巴人為了生存而在高山上搏命,並且付出了慘痛的代價。面對奪走許多同胞性命、威脅許多家庭的聖母峰與未知的未來,他們到底該何去何從?

Sorrow on the Mountain
How the shocking avalanche that killed 16 expedition workers
unfolded on Mount Everest—changing life on the mountain
forever

Sunday, 9 November 2014

The Economy @ The Trading Report

This is an interesting link for reading and learning...
http://www.thetradingreport.com/category/investing-2/economy-2/

http://www.thetradingreport.com/2014/05/30/the-federal-reserve-explained-in-7-minutes/
By Belligerent Politics ( | Original Link) · On 
http://www.thetradingreport.com/2014/10/24/why-is-the-middle-class-disappearing/
By Simon Black ( | Original Link) · On 
http://www.thetradingreport.com/2014/10/01/over-20-fascinating-quotes-from-warren-buffetts-right-hand-man-charlie-munger/
By · On 
http://www.thetradingreport.com/2014/05/16/the-massive-myth-about-the-economy-and-the-stock-market/
By Dr. Steve Sjuggerud ( | Original Link) · On 
http://www.thetradingreport.com/2014/09/18/confessions-of-a-business-student/
By CharlesMatte ( | Original Link) · On 
http://www.thetradingreport.com/2014/10/23/10-things-about-the-u-s-news-media-that-they-do-not-want-you-to-know/
By Michael Snyder ( | Original Link) · On 
Last but not least is the China's Legendary Jack Ma
http://www.thetradingreport.com/2014/09/23/jack-ma-if-youre-poor-at-35-you-deserve-it/
By Zach Ho via VulcanPost.com ( | Original Link) · On

Wednesday, 8 October 2014

激進伊斯蘭國,最令人恐懼的還不是他們的「暴力」

商業周刊 2014-08-21  |  Sanjeev Sanyal  |  Project Syndicate 2014-08-08

隨著美國總統歐巴馬終於下令發動空襲並為伊拉克北部難民空投食品和救災物資,世界終於對伊斯蘭國(Islamic State)採取了行動。在幾個月內,這一不久前仍自稱伊拉克和敘利亞伊斯蘭國(Islamic State in Iraq and Syria)的聖戰組織已經控制了兩國的大部,並在此建立了其所謂的新哈里發帝國。但恐懼伊斯蘭國的真正原因並非其對暴力行為,而是該組織成員用冷血的方式掃蕩該地區的社會、文化和人口歷史。

在短短幾週內,伊斯蘭國已經在其控制的地區,將所有什葉派穆斯林和基督徒清掃殆盡。世界最古老的基督教社區之一摩蘇爾已經沒有基督徒。寶貴的亞述藝術品在反偶像崇拜運動中被公開毀掉。

事實上,伊斯蘭國甚至看不起,與其同宗但不同意其對伊斯蘭教義極端解釋的遜尼派。大量神廟遭遇摧毀,其中一處據稱是約拿之墓。

同樣令人恐怖的是,最嚴重的迫害對準了耶西迪人(Yezidi,與庫爾德人一起生活的古老宗教群體)。耶西迪人數量不到50萬,三分之二生活在伊拉克北部的摩蘇爾周邊。其餘三分之一散落在敘利亞、亞美尼亞和土耳其等周邊國家。更晚近一些,德國和美國也有耶西迪人社區。

儘管幾百年來受到了基督教和伊斯蘭教的影響,但耶西迪宗教有著悠久的異教徒歷史,至少可以追溯到青銅時代末期。有趣的是,他們的信仰與印度教有頗多相似之處——比如,他們相信投胎,稱其祈禱面對日出和日落時的太陽,甚至還有種姓制度。他們還崇拜Tawûsê-Melek(孔雀天使,孔雀產於印度次大陸,耶西迪人地區並沒有分佈)。

耶西迪人的起源尚不清楚,但文化和基因證據表明他們可能是公元前2000年到1000年間西遷的印度部落的後裔。有大量證據表明青銅時代的印度語中東關係密切。比如,古伊朗的拜火教(耶西迪人的信仰與此有關)​​於早期印度教關係緊密。

幾個世紀以來,基督徒和穆斯林都把耶西迪人稱為「魔鬼崇拜者」,向他們施加了無情的迫害,特別是在十八和十九世紀的奧斯曼土耳其帝國。一系列種族滅絕殺戮了數十萬耶西迪人,幾乎讓他們絕種。

在薩達姆·侯賽因(Saddam Hussein)治下,耶西迪人不再受到公然宗教迫害,儘管其文化依然面臨阿拉伯化威脅。後來,情況急轉直下。20074月,持槍者將23名耶西迪人趕下公車,然後將他們射殺。四個月後,一系列連環汽車炸彈襲擊至少令包括婦女和兒童在內的300人喪生。

如今,耶西迪人面臨著從未有過的巨大威脅。伊斯蘭國讓摩蘇爾的基督徒選擇,可以支付吉茲亞(jizya,根據什葉派法律向非穆斯林徵收的特別稅)或離開。耶西迪人沒有選擇的機會,他們被視為「魔鬼崇拜者」,慘遭屠戮。

如今,耶西迪人的核心分佈區──摩蘇爾周邊──已經差不多被伊斯蘭國控制。8月初,隨著庫德族人武裝被迫撤離,世界上唯一一個耶西迪人佔多數的小鎮辛賈爾(​​Sinjar)淪陷。隨後,大規模種族滅絕的報導開始出現。許多難民逃往山中,互相隔絕,動彈不得。據說已有數百人死於乾渴和飢餓。最神聖的耶西迪聖地拉里什(Lalish)有被夷平的危險。

悲哀的是,很少有媒體對耶西迪人所面臨的困境表示憤慨。也許美國的空投以及所承諾的戰略干預,加上可能的與庫德族人武裝(由美國重新整頓)的聯合行動,能夠拯救倖​​存者​​,但要讓他們盡快回歸家園幾乎不可能。

幾百年前,最後一批拜火教徒為了躲避迫害而從伊朗逃往印度。他們的後代——為數甚少的帕西人(Parsi)仍生活在印度。如今,誰能給予伊拉克最後的異教徒容身之所?

桑吉夫·森雅爾(Sanjeev Sanyal)是經濟學家,著有《印度復興》和《七河之地》。他是2010年世界經濟論壇全球青年領袖之一。

Sanjeev Sanyal
Sanjeev Sanyal is Deutsche Bank’s Global Strategist and a World Economic Forum Young Global Leader. He is the author of The Indian Renaissance: India's Rise After a Thousand Years of Decline (Penguin, 2008) and Land of the Seven Rivers: A Brief History of India's Geography (Penguin, 2012).

Monday, 22 September 2014

What's going on Alibaba's IPO D-Day?

$93.89 was where Alibaba stock closed its first day of trading Friday. 
The stock traded as high as $99.70 before drifting lower to finish the day...
By Greg Guenthner, Sept 22, 2014

It's off to the races!

All eyes were on Alibaba (NYSE:BABA) Friday morning as the record-breaking IPO finally started trading. Thanks to order imbalances, the exchange delayed the opening of trading for more than two hours. But even with the extra wait, investors impatiently gobbled up shares...

Early Friday morning, it looked as if BABA would begin trading around $80. That was moved to $83. Then, they raised it again. All told, the offering price ticked higher nearly a dozen times before BABA finally started trading. And when the stock started moving, you could see just how strong demand really was...

About 100 million shares of BABA exchanged hands during the first 20 minutes of trading, according to multiple reports. By the end of the day, more than 270 million shares had traded.

Of course, media reports on the IPO almost all touted the demand--and stock's 38% gain from its offering price. While it's true that BABA did jump nearly 40% in its first day of trading, there's no way your average investor captured any of these gains. In fact, if you bought BABA when it first began trading you're actually sitting on a loss right now...

BABA's big opening push actually faded as the day wore on. So if you bought as shares ticked toward $99, you'd be sitting on a loss of about 5% right now--not exactly the huge daytrading gains touted in the IPO-obsessed media reports.

There could be plenty of opportunities to trade Alibaba stock. But only if you're patient. Let's wait for this red-hot name to get some price history under its belt before we consider picking up shares... 

Greg Guenthner heads up Agora Financial’s small-cap division and is the founder of one of the only independent OTC research advisories in the industry. A graduate of George Mason University, Guenthner joined Agora in 2005 after several years as a journalist.
   

Friday, 19 September 2014

Alibaba IPO via NYSE

Alibaba Market Cap Tops $225 Billion on IPO Debut, Passing Facebook
By Seth Fiegerman, 

Watch out, Facebook, you've got company in the $200 billion club.

After a two-hour delay on Friday morning, Alibaba stock began trading at $92.70 a share, well above its IPO price of $68 a share, giving the company a market cap of nearly $230 billion. That puts Alibaba value significantly above Amazon's market valuation, a company it's often compared to, and on par with Facebook.

Alibaba raised $21.8 billion from its public offering, making it the largest U.S. IPO of all time and further establishing the company as a giant on the world stage. The company is now trading on the New York Stock Exchange under the stock ticker "BABA."
Screen Shot 2014-09-19 at 3.31.36 PM
Alibaba's market cap is larger than all tech companies,
except for Apple, Google and Microsoft
Image: FactSet
Jack Ma, the founder behind the Chinese ecommerce giant, flashed the thumbs up sign to onlookers as he entered the historic stock exchange to kick off the first day of trading for his company. Once inside the exchange, Ma took pictures with reporters and talked up his long, improbable journey from English teacher to the richest man in China, which started with his discovering the Internet in Seattle nearly 20 years ago.

At one point, Ma exhibited some of his characteristic quirkiness by telling CNBC that his hero is Forrest Gump. "The hero I had was Forrest Gump," Ma said in the interview, to the shock of his interviewers, one of whom asked if Ma knew Gump was a fictional character. "I really like that guy," Ma continued. "I've been watching that movie for about 10 times. Every time when I'm frustrated, I watch the movie. And I watched movie before I came here."

However, when it came time to ring the bell to kick off the trading day, Ma decided to watch from the sidelines. Instead, a group of eight customers rang the bell, highlighting Alibaba's focus on the customer.

"Who are the people we should be thankful? We say we thank the customers. We thank the young - it's the people. It's not us," Ma told Bloomberg TV on Friday. "So that's why we put the young people there and the customers because we believe after 15 years the purpose of working so hard is that we want to make these people successful because when they're successful our success is a result."

Over the years, Ma has repeatedly emphasized that it's the customers who come first, followed by employees and only then shareholders.

"I have said on numerous occasions that we will put 'customers first, employees second and shareholders third,'" Ma wrote in a letter to investors, including with Alibaba's IPO paperwork. "I can see that investors who hear this for the first time may find it a bit hard to understand. Let me be clear: as fiduciaries of the company, we believe that the only way for Alibaba to create long-term value for shareholders is to create sustainable value for customers. So customers must come first."

Alibaba's $21.8 billion public offering was far more than the $16 billion that Facebook raised and topped Visa's $17.8 billion IPO, which previously held the title of biggest in U.S. history.

Ref:  http://infogr.am/the-largest-us-ipos-ever?src=web

The company is expected to use some of the proceeds from its IPO to fuel a global expansion into the United States and Europe. The public offering will also provide a windfall to Yahoo, which has a 22.4% stake in the company thanks to a $1 billion investment in 2005. That will provide Yahoo CEO Marissa Mayer with additional resources for big acquisitions.

Ma founded Alibaba with 18 friends in his one-bedroom apartment in 1999. His goal was to use the Internet to change China and help small businesses in the country connect with markets abroad. Along the way, he butted heads with giants like eBay and was repeatedly called crazy for his vision to build a global ecommerce company.

Alibaba is now the largest ecommerce service in China with 279 million active buyers and $2.54 billion in revenue during the June quarter of this year.

"Well we had a big dinner last night," Ma told Bloomberg TV when asked how he and his cofounders celebrated the IPO. "And everybody cried."

Source:  http://mashable.com/2014/09/19/alibaba-ipo-day/
Mashable is a leading source for news, information & resources for the Connected Generation. Mashable reports on the importance of digital innovation and how it empowers and inspires people around the world. Mashable's 34 million monthly unique visitors and 14 million social media followers have become one of the most engaged digital networks in the world.


Wednesday, 17 September 2014

Top 7 Non-Financial Skills Required In Finance

Did you know that having top-notch mathematical skills and financial knowledge are only the tip of the iceberg when it comes to excelling as a financial professional? Mitch Pisik, who has held numerous senior management positions including the CEO role of Beckwell Products and has more than 20 years of experience in business development, operations, and finance, advises that "the accounting/financial aspect of the job is the floor - not the ceiling."
In other words, if you can't perform the other basic functions of your job, you won't make it. In order to stick around and get ahead in finance, check out the essential non-financial skills you need to master. (Without some basic knowledge, you won't get the job. Find out what you need to know and how to prepare in Top Things To Know For An Investment Banking Interview.)

The Non-Financial Skills You Need to Succeed in Finance

1. Communication Skills
Financial professionals can't just be good at crunching numbers - they must be able to communicate their knowledge with strong speaking, writing and presentation skills.

Beverly D. Flaxington, author of "7 Steps to Effective Business Building for Financial Advisors," says that when you are presenting to a board, an investor or a prospect, you need to know how to convey complex information in a way people can easily understand.
(To learn more, read 7 Courses Finance Students Should Take.)

2. Relationship-Management Skills
The people skills you need to succeed as a financial professional include understanding different personality types, listening, asking the right questions, resolving conflicts, educating others and counseling clients.

Financial planner Judith Cane of Ontario-based Antara Financial Group says that success in finance is "15% technical knowledge and 85% psychology. When people come to see me it's because they have issues with money. They spend too much, they don't save anything or they save everything." What clients often need, therefore, is an unbiased advisor who can understand their needs and help them make financial decisions.

Managing relationships is key whether you're dealing with subordinates, co-workers, bosses or people outside your company. When people trust you, like you and feel that you respect them, they will want to help you succeed, whether it's by speaking highly of you, promoting you or signing up to be your client.
(For more on the importance of relationship-building, see Small Business: It's All About Relationships.)

3. Marketing and Sales Skills
Robert L. Riedl, director of wealth management for Sumnicht Associates in Appleton, Wisconsin, says financial professionals need to be able to market their professional skills and knowledge to prospects in their niche markets. To do so, it's imperative to have a complete understanding of both your personal strengths and your firm's professional strengths.

He further advises that in marketing yourself to clients, you shouldn't just communicate how much you know, but also how much you care, because "the client's most valuable assets and their biggest daily concern is not their monetary wealth, but rather their family." Clients want to know that you can help them manage their money to best provide for their family's long-term needs.
(For more on marketing in financial careers read The Marketing Director's Pitch and Generational Marketing: Harvest The Whole Family Tree.)

4. Project Management Ability, Organizational Skills and Attention to Detail
Any task that takes more than a few minutes is essentially a project - one that you'll need to manage effectively to be profitable. You'll need to efficiently and effectively schedule your time, manage budgets, meet deadlines and get what you need from other people in time to complete your project successfully.

Both during and after any project, staying organized and paying attention to detail are also key.

Corporate finance professional Myles Wolfe says, "For any analytical project, someone will usually have questions about the inputs and assumptions. If you can't deliver timely backup information, even if it is 100% accurate, people will question the accuracy of the final output."

He says it's critical to have both your electronic files and hard copies organized to access information quickly. You might get asked a question months after your initial analysis by a
CFO who needs the information in 30 minutes for a conference call.

"Especially in the financial world, sloppiness is intolerable," he says.

5. Problem-Solving Skills
You will always encounter problems in any job, and being able to solve them rather than cracking under pressure is essential.

To get ahead, it can also be helpful to look beyond your own personal responsibilities. Pisik advises that by helping your coworkers solve their problems rather than simply reporting them to upper management, you'll be viewed as a team player.

"People will gravitate toward you and your career will flourish," he says.

6. Technological Savvy
No matter where you work, you will need to be proficient with computer hardware and software and able to pick up new programs related to your job quickly.

The more shortcuts, keys, programs and functions you know in Excel, the better off you will be in finance. You should also get familiar with marketing and communication software tools
. (Swimming in a sea of numbers? Find out how to crunch them quickly! Check out Microsoft Excel Features For The Financially Literate.)

7. Tenacity and Ethics
A competitive personality, passion for your work and the stamina to work long hours and go above and beyond what's expected of you and what your co-workers and competitors are doing are all crucial to success in finance. At the same time, you can't be so competitive that you make poor choices, or your career and reputation will suffer.

Kevin R. Keller, CEO of the Certified Financial Planner Board of Standards, says that adhering to a set of ethical standards such as those required of
certified financial planners (CFPs) is crucial to rebuilding the trust that has been broken by financial scandals.

The Certified Financial Planner Board of Standards' Standards of Professional Conduct requires CFPs to provide professional services with integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence. Anyone who works in finance would be wise to hold himself or herself to principles such as these.
(For more food for thought on ethics in finance, read Ethical Issues For Financial Advisors and 8 Ethics Guidelines For Brokers.)

Anticipation
Looking ahead to what bosses or clients will need from you in the immediate or even the distant future will help you rise to the top. It's not enough to just solve the day-to-day challenges of your job; you must be able to think long term. Consider the following:
  • What skills can you develop and what accomplishments can you put under your belt that will get you rehired if you are laid off, land you a promotion at your current company or get your foot in the door at another company?
  • How can you make your boss's life easier by anticipating what he or she will need from you tomorrow, next week or next month and taking care of it ahead of time?
  • How can you develop relationships with your clients by paying close attention to their situations? For example, if you notice that the woman who has come to you for help managing an inheritance is pregnant, realizing that she could need help saving and investing for her child's college education, updating her will and possibly creating a trust can help you create a long-term business relationship with that client.
Putting It All Together: Wisdom and Interpretation
Los Angeles-based writing consultant Elizabeth B. Danziger, founder of Worktalk Communications Consulting and author of "Get to the Point!", says, "Clients of financial-service professionals are looking for more than knowledge and numbers: They're looking for wisdom and interpretation."

By combining your ability to analyze numbers with skills like communication, project management and relationship development, you'll emerge as a leader and position yourself to rise to the top of your field.
(Experience and hard work go a long way toward securing a position in this challenging field.  See 10 Steps To A Career In Hedge Funds.)Bottom of Form

Amy Fontinelle is a financial journalist and editor for a variety of websites, public policy organizations, and book publishers. She has written hundreds of published articles and blog posts on topics including budgeting, credit management, real estate and investing. Her articles have been featured on the homepage of Yahoo! and on Yahoo! Finance, Forbes.com, SFGate.com and numerous local news websites.

Source: www.investopedia.com

Saturday, 13 September 2014

6 High-Value Skills That Will Supplement Your Career

If you're lucky enough to be a specialist in your field, you're ahead of the curve. Whether you're a marketer, accountant, writer, artist or engineer, you're more competitive with a refined skill-base. Beyond knowing the language and general trends of your trade, you need to be able to produce something of high value and economic necessity. Give yourself a competitive advantage by augmenting your talents with a new skill

Mobile App Creation
This innovative and growing field is an area where comparatively few people specialize, and it is a niche that can support a variety of skill sets. At face value, the strongest demand seems to exist for programmers and developers; however, in actuality, product design incorporates a range of talents. To succeed, a stellar mobile app needs expertise from writers, marketers and people who are visually inclined. No matter your niche, you can find a complementary specialty in this field.

Web Development
The Internet industry is one field where creative talents are in high demand. If you're an artist or writer, you may notice that there is plenty of opportunity to find work that is high in demand. If you develop a range of technical skills, you'll be able to see the bigger picture. If you're a graphic designer, blogger or writer, you'd benefit from learning a programming language for the web.

Blogging
No matter your area of expertise, the ability to blog is valuable. For instance, you could contribute to an influential blog in your industry – quite possibly for compensation. You can also maintain your own blog to attract prospective clients and employers. Beyond functioning as a networking tool, blogging can help you reflect upon and organize your insights.

Data Analysis
With the growth in online shopping, social media, advertising and mobile development, the Internet is creating new windows of opportunity to analyze data. No matter your job function and industry – whether you are an artist, writer, healthcare professional or something else entirely, a solid understanding of data will give you a competitive edge in your role. You don't need to be a data expert, but strive to have an understanding beyond basic percentages to evaluate nuances and presentation strategies.

Coding
The value of programming stems beyond the fields of software development and engineering. By learning a programming language, you will become a more efficient marketer or financial analyst. While you don't need to learn these techniques to perform your job function, you'll only serve to gain a competitive advantage by diversifying your skill set. At the very least, you'll develop a core understanding of the communication skills that you need to collaborate cross-functionally, outside of your department or main area of expertise. No matter how you apply your coding skills, you'll be in a position to perform tasks more efficiently.

Networking
Today's most successful organizations thrive on the combined expertise of many types of people. Whether or not you realize it, strong networks make you exponentially more valuable. If you need help or if you need to find someone to help you accomplish a goal, you can always rely on your network to help you find the answer. As you grow in your career, your network will give you the competitive edge that you need when job-hunting for a high-paying position.

The Bottom Line
If none of these options appeal to you, look at market trends to see where needs exist and skills are highest in demand. Then, work on building that skill. With practice, you'll become proficient enough to increase your market worth in any job function. After all, when you perform more efficiently, you increase your ROI.

Based in Los Angeles, Ritika has lived her entire life in some of the most expensive areas of the United States. Instead of giving in to high costs of living, she has developed effective budgeting strategies to help her get the most out of her money, whether she's shopping for basic necessities or giving in to her ultimate guilty pleasure - shopping for clothes.

Source: www.investopedia.com

Thursday, 11 September 2014

6 Free Ways To Learn New Job Skills

To advance to the next step in your career, it's important that you keep yourself educated. No matter how bad the economy gets, there will always be a need for people with strong technical skills; keep yours on the cutting edge and you'll be able to gain a major advantage over other job seekers. Unfortunately, attaining new certifications or academic degrees can be prohibitively expensive.

The good news is if you’re not ready to make a big financial investment, there are baby steps available to help keep you on your toes. Check out these eight online options that can help you learn a new skill for free.

1. Mozilla Drumbeat's School of Webcraft

This program gives new meaning to the expression "learn from your peers". School of Webcraft is a peer to peer service that provides free online courses in programming and web development. Instructors are industry professionals who volunteer to teach courses, and students can include anyone and everyone. In the past, topics have included HTML5, FireFox add-on development and introduction to PHP. These web programming skills are applicable and relevant to today's job market. You can even recommend courses that you'd like to see.

2. SPSS Video Tutor
Jacob Mays is the market researcher who developed SPSS Video Tutor as a free resource for students and professionals who are struggling to learn this high-demand software. For those who are unfamiliar with SPSS, the program is widely used in consulting, market research and academia. While the program itself is expensive, there is an open source equivalent - PSPP - that has many of the same functionalities. As long as you're clever and creative, you should be able to apply the SPSS video tutorials to PSPP as well.

3. YouTube
While you might enjoy YouTube for its viral videos, you may not realize how valuable the service is for educational materials. For instance, if you're trying to become better-acquainted with Microsoft Excel, you'll likely find some helpful video resources from amateurs and professional instructors alike.

4. Open Source Software
If you've looked at job descriptions recently, you've probably noticed the demand for skills in various types of software. There's so much software out there, so it's impossible for one person to master them all. And, while you may want to teach yourself some programs, you probably don't have the money to spend to buy and use the software. Instead, find open source equivalents to your favorite software. For instance, you could look at Open Analytics for web data. You could also use QGIS as an alternative to ArcGIS, which is a program for creating maps for various types of research. If you're into statistics, you can use R instead of SAS if you want to enhance your statistical programming skills.

In a job interview, being familiar with these open source programs, what they are and how they work could be enough to help you get a job that involves using their paid equivalents - even if only because you put in the effort to learn them.

5. A Library Card
Instead of buying books to help you learn new job skills, borrow them. You'll learn the same skills without spending the extra money.

6. MeetUp.com
As an industry professional, you’ve probably come to value your peers - working as a team can produce amazing results. If you thrive on mentorship and learning from those around you, you stand to benefit from meeting new people and expanding your career network. Check out MeetUp.com, a network of local groups (career and otherwise) to connect with like-minded professionals in your area. If there isn't a group available where you live yet, consider starting your own.

The Bottom Line
There are plenty of ways to learn and advance your skill set without the expense of heading back to school. Check out these resources to increase your competitive edge and value in the job market.

Based in Los Angeles, Ritika has lived her entire life in some of the most expensive areas of the United States. Instead of giving in to high costs of living, she has developed effective budgeting strategies to help her get the most out of her money, whether she's shopping for basic necessities or giving in to her ultimate guilty pleasure - shopping for clothes.

Source: www.investopedia.com

Tuesday, 9 September 2014

6 Ways To Boost Your Human Capital

Imagine two millionaires in a room and assume that their net worth was exactly $1 million including all investments, estates and assets. Neither person had anything hidden and both were happily married. The only difference between the two was their age. One millionaire was 65 years old while the other was 30. Looking outside of their balance sheets, is one worth more than the other?

Because of the idea of human capital, the 30 year old may be worth more than the retirement age person because the young millionaire has many more years left in their life to increase the value of their first million. Human capital is our personal ability to increase our wealth, and although wealth isn't just measured in dollar signs, we'll focus on financial wealth today. Are you wondering how to increase your human capital? Here are a few ways.

Education
There are a lot of smart people writing about how the value of a college education may be less than it was, even one generation ago, but that may not be true. Education not only formally prepares us to work in advanced jobs, it also exercises our minds and allows us to hold on to our ability to continue learning. The brain, like the heart, needs exercise and that comes from education.

Be Well Rounded
Are you an architect who only knows architecture, a lawyer who doesn't know much more than the law or a carpenter who can only build? That's dangerous in an economy that wiped out an unprecedented amount of workers in the real estate and financial services industry in less than two years. Learn a new position in your current job or study an entirely new field.

Volunteer
Volunteering not only paints a picture of you as somebody who is passionate, but also as someone who is seen as trustworthy. Volunteering also increases your exposure to other people making your professional network larger. With the busy lifestyles that so many professionals lead, meeting people has become exceedingly difficult.

Write
People who write about their field of work gain credibility as an expert. You could publish your work in journals, professional blogs or newspapers looking to offer advice to your readers. A well written article providing valuable information that isn't common knowledge will increase your network as people see you as an expert. It may take a lot of time if writing isn't your forte, but maybe writing is one of those new skills to learn in your journey to becoming more well rounded.

Public Speaking
Most careers have some degree of salesmanship where public speaking skills increase your chances of getting ahead. Learning to speak confidently, intelligently and in a way that makes people feel comfortable when they're around you is a key to the next step on your career ladder.

Your job may not require you to make formal presentations or speak to large groups of people, but every job requires speaking to others and that is one of the best skills any career person can cultivate.

Don't Wait
As we learned with the story of the two millionaires, the longer you wait to get started, the more your human capital decreases. Time is something you can't control, and as you age you'll become even busier so hiding behind your business isn't going to get you to your goal. Start today.

Bottom Line
Along with these ideas, remember to take time to enjoy life, make healthy choices and put family first. We can't work forever, but taking time to enjoy life recharges you as you continue to raise your human capital.

Tim Parker has a Bachelors and Masters in Education and is the owner of ECS, a company specializing in financial and small business content for print and online media. His work is published on many of the best known media outlets as well as magazines, industry publications, and newspapers. He also runs breakingfinancenews.com and bibledollar.com. He loves all things creative and is passionate about volunteering in the nonprofit sector. Tim lives in Florida where he often sets up a mobile office on the Gulf of Mexico beaches.

Source: www.investopedia.com

Wednesday, 13 August 2014

Lee Kuan Yew: American English 'likely to prevail'

American English is 'likely to prevail' and teachers may have to accept this as inevitable, says Lee Kuan Yew
BY LEOW SI WAN ST PHOTO: JOE NAIR

The American version of English will probably prevail over other forms and teachers may have to eventually accept this as inevitable, former prime minister Lee Kuan Yew said on Tuesday.

The growing dominance of the American media would mean that our population will increasingly be hearing the American version of English, he said.

Speaking at the official opening of the English Language Institute of Singapore (Elis), he said that he, too, had been consciously switching between British and American English on the computer, and that he saw himself moving towards American English in a nod to the US being 'a dominant force'.

Teachers might thus do well to accept this trend, and teach their students to recognise - and even speak - American English, he said.

Accent aside, students will thus use the kind of English understood by the rest of the English-speaking world, he said.

Educators and MPs at the event agreed that it was important to teach students here to differentiate between the different forms of English.

Dr Elizabeth Pang, the programme director for literacy development in the Education Ministry, said it was pragmatic of Mr Lee to accept that American English had become dominant.

'If you look at English that is in use in society, you have to embrace different standard varieties of English.'

'It's not a sea change. It's an evolution,' she said, noting that students are now not penalised for using American English, so long as they are consistent.

Elis' programme director Ang-Tay May Yin said: 'If we allow our students to learn different varieties of English, it will be to their advantage.'

Tampines GRC MP Irene Ng said she believed many teachers and writers, having an attachment to British English, would likely continue using it, until 'we're quite convinced that the way to go forward is American English'.

The chairman of the Government Parliamentary Committee for Education, Mr Lim Biow Chuan, said it was still critical to develop students' ability to communicate their ideas.


Teach students to recognise American English
Lee Kuan Yew | SingaporeScene - Yahoo! via @yahoosg

Former Prime Minister Lee Kuan Yew urges Singaporeans to improve their English. (AFP file photo) One of the challenges ahead for Singapore is to decide whether to adopt British English or American English, said Singapore's former Prime Minister Lee Kuan Yew on Tuesday afternoon. As he urged Singaporeans to do better in English and to help every child attain higher standards, Lee noted that the nation, which currently uses British English, will be increasingly exposed to American English. "The increasing dominance of the American media means that increasingly our people, teachers and students will be hearing the American version, whether it is 'potatoes' or 'tomatoes'. They will be the dominant force through sheer numbers and the dominance of their economy," Lee was quoted as saying by Channel NewsAsia. "I believe we will be exposed more and more to American English and so ...

Monday, 7 July 2014

台大教授:最難的一課,我們卻沒教給學生

商业周刊   2013-05-20    

「老師,您可以幫我寫推薦信嗎? 這是我過去七個學期的成績單。」最近一位大四女同學來看我,希望我能為她撰寫申請研究所的推薦信。

看了她的成績,我嚇一跳,從大一到大四的過去七個學期,她每學期都是書卷獎得主! 在臥虎藏龍、會念書的學生比比皆是的台大校園,這並不容易,可見她多麼用功!

但我一開口,卻是潑了她一頭冷水,「同學,妳能不能不要繼續拿第一名?」「為什麼? 追求好成績有什麼不對嗎? 要申請國外的好學校念碩士、博士,難道不應該有好成績嗎?」面對她不解的神情,我請她在研究室坐下來,「讓我花一點時間,說個故事給妳聽好嗎?」

說實話,在台大教學十八年,我最擔心的學生,不是成績吊車尾的同學,反而恰恰相反,竟是每一科都拿第一名的傳統好學生,最讓我放心不下⋯⋯

這個故事,就從多年前一個很認真、也常拿書卷獎的台大學生說起。

曾經,有一個高中念建中、大學讀台大,在別人眼中考起試來一帆風順的台灣年輕人,在長期努力不懈下,終於如願以償來到美國麻省理工學院,攻讀碩士與博士。當時,在他心中,「成功」的人生像是一條有軌跡可尋的直線,從麻省理工以漂亮成績畢業,等於拿到「成功」的第一個入門磚。

他告訴自己:「我來美國可是來讀書不是來玩的,好好拚功課吧!」這個台灣學子,從小念理工科,愛運動,愛念書,但對於美國的流行文化、同學間多采多姿的社交生活,格格不入、甚至手足無措。於是他一心向學,果然,念碩士的兩年與博士第一年,每一個科目都拿下漂亮的A

在麻省理工,A就是最高的分數了,科科都拿A,真是不容易的好成績。

他內心不免小小驕傲,頗以自己為榮,也一直以為,自己的指導教授,一定也為他高興,畢竟置身於一群天才學生中,他的好成績堪稱「第一名」呢。

A成績,終於碰到大鐵板了。有一門陌生卻又必修的重要課程,他上了幾個月後,內心有數,成績大概不會太理想,雖然及格絕對沒問題,但A恐怕拿不到了。這個「好學生」乾脆壯士斷腕,期末考前,毅然退選這門課,避免成績單出現B的「恐怖」危機。

很多美國同學不理解,老師更覺得奇怪,學分費交了,也認真上了幾個月,為什麼他要退選?只為了避免成績單不好看?這個理由對美國人來說,太不可思議了!來年,他再度挑戰這門必修課,一路穩紮穩打,加倍用心,但期末成績出爐後,他,竟拿到了第一個不是A的成績!之前的退選,無異於一場時間與金錢的徒勞無功。

沮喪的他,有點難為情的去見了美國指導教授,甚至,帶著歉意去的。然而,指導教授卻十分開心的恭喜他!恭喜他沒拿到A!教授語重心長的說:「我真是太替你開心了! 你從今日起,再也不必為拿A、拿高分而念書,你總算可以放膽,去做更重要、更有價值的事情了!」

那,什麼才是更重要更有價值的事? 教授笑著回答:「去犯錯與創新吧!藉著課本教你的基礎,然後去有計畫的犯錯、嘗試創新。這才是有價值的!」

台灣小子,如當頭棒喝般醒悟:什麼才是追求知識的本質? 站在前人的肩膀上,不斷尋求突破,繼續為下一代累積新知,以創新動能造福人類社會,才是知識的本質。好吃的蛋糕是本質;而好成績,只是裝飾的美麗奶油花朵罷了。

「怕輸」心態造成保守的選擇

我,就是那上面故事裡的主角、曾經認錯方向的台灣小子。

當我被MIT指導教授,點出求學觀念上的根本錯誤後,其實是非常受用的。在此之前,我把所有的精神力氣、大概有九成,都放在完成作業、求取高分,而只拿一分的餘力,用以做研究。

但後來,我大幅度更改比例,變成了兩成力氣做功課,八成心思做新研究。以前,一拿到作業,就認真埋頭苦寫,確保盡善盡美以得好成績,後來卻變成了要交作業的前一天,才開始熬夜趕報告。
這並不是說我偷懶,而是我發覺,做新的研究才是更大的挑戰,收穫更多,所以我選擇先做研究。

研究的過程,其實是一個無底洞,回報會比較慢,不像考試成績馬上就出來,但這才是真正的學習過程,而且雖然回報慢,收穫卻是紮紮實實、屬於自己的,不是考完試就一半還給老師的表面好成績。可以說:那個當下椎心刺骨的B,釋放我長久以來讀書是為了追求漂亮成績的功利迷思,轉向真正的學習本質。

觀念一改變,學習反而突飛猛進。大多數人要念六年方能結束的博士班,我四年就畢業了;因為我把時間與精神,花在對的地方、並做出了新的研究成果,最終得到了教授的肯定,畢業論文順利通過。

「怕輸」文化造成保守的心態

回到台灣教書後,這些年來,我對當時的心情又有一層新的體悟。當年我對科科A的追求,除了從小相信認真念書就是為了追求好成績的迷思,背後,更深的原因是「怕輸」。怕輸、怕沒面子的心理框架,一直到現在,仍然在很多個體、甚至很多企業發展上看到,形成一種保守的文化,妨礙創新的嘗試。

台大管理學院每年都送很多學生到國外著名大學做交換學生。最近一個同學從北歐的大學交換半年回來,與我分享心得。

她的班上有一半是當地學生,另一半是來自義大利、法國、德國、韓國、印度等全球各地的交換學生,有很多分組討論和報告要做。她發現,台灣去的學生,理論學得很紮實,程度一點也不輸外國學生,但自信心明顯比較不足,即使有自己獨特的看法與觀點,但不那麼能夠系統化組織與勇於提出思辯討論。相較之下,「歐洲的年輕學生可能理論基礎比不上我們,但他們不害怕,很敢說出口,討論激盪,發現真的有興趣的地方,再去深入鑽研,很有創意和想像力。」

她的心得我完全瞭解。因為怕輸怕被別人笑的心理,出現在許多層面上,例如阻礙學習新語言(不敢開口怕被笑)、討論課上沉默者占多數,發言的永遠那幾個,但下了課大家卻七嘴八舌意見多多。

我曾經反省,為何必須到了美國求學、從別人的文化反射出來,才看清自己的迷思? 為什麼在台灣時,從來沒有發現過、從來沒有反省過?

答案很簡單。在台灣現有的升學制度下,包含高中基測、大學學測,我們的遊戲規則就是,誰會考試,誰就是贏家!30年前,我念書時如此,現在亦然。

或許,大學前的遊戲規則,真是如此,但是,我們的人生,從考完大學起,就再也不是科科得A者保證勝利了。

唯有能認清環境變化,敢於跨出舒適區,追求本質的創新,才能永保成長動能。從此刻起,掙脫只求第一的魔咒,擺脫怕輸的包袱,大步往前走吧!

最珍貴的一堂課,找尋自己的人生導師

我的前半生,在別人眼中,該也是標準的「金榜題名」、算得上是超級好學生。先後考取建中、台大,而之後的碩士、博士學位,則都在美國麻省理工學院完成。畢業後,在矽谷找到年薪數百萬的工程師職缺,然後娶回了美嬌娘、回台大擔任教授,也有了兩位小朋友。

我必須承認,有一段時間,我真的覺得自己很幸運,也深信只要自己夠努力,無論是「美國夢」、「台灣夢」,我都能美夢成真。

然而,從人生進入下半場開始,我陸續遭逢變故,終於明白了什麼叫做深深的無力感。

先是我自己在壯年之時,就得了癌症。跟死神第一次拔河,我雖僥倖得勝,卻也大傷元氣。而沒幾年後,我又遭逢中年喪妻!失去了最愛的人,心裡什麼也不剩,只有空空蕩蕩,整個人渾渾噩噩⋯⋯ 但卻沒有太多時間可以自怨自艾,因為我還得拉拔兩個正要經歷青春期的小男孩長大。

原來發生在我們意料之外的,才是真實的人生⋯⋯

最難的一課,我們卻沒教給學生

看看自己走過的人生路,再想一想每一天,我在校園內觸目所見,年輕快樂、對未來滿懷想像與盼望的學生們。不禁感嘆:在我人生的求學過程中,大多時刻,學校只教如何考第一名、如何過關斬將在大小的考試中勝出? 幾乎沒有人告訴我,考不上「好」學校、「好」科系之後該怎麼辦? 如何勇敢站起來面對挑戰?

聯考制度強調的是,不管喜不喜歡,先搶第一志願就對了! 從來沒有人認認真真地鼓勵我們:尋找自己獨特的天賦能力,傾聽自己內在的聲音,再找出獨屬自己而非主流價值一致鍾愛的「第一志願」?

我們從小經常聽到的童話故事是,王子好不容易排除萬難與公主結婚,然後呢? 就沒了。從沒有告訴我們,王子公主可能吵架啊! 人生的本質就是無常的變動。如果有一天,公主離開了,王子該如何?

沒有人教過我們,我們也從來不會教學生,關於人生,種種的真實與艱難,種種的難堪與不堪。這些,反而是我在歷經人生後,最想要獻給學生的禮物。

人生總有悲歡離合,但我希望我的學生,都比我更有能力,去面對課堂以外的人生挑戰。

如何做? 其實很簡單,提前把這些人生問題,丟給學生去想,讓他們從年輕時就開始思索、有心理準備;提前為他們灌注一些力量,而不是哪一天他們突然面對了,竟只有手足無措的份。人生不會永遠順遂、悲歡離合總無情,畢業之後的人生更不會有標準答案,我想教會學生的,是他們如何為自己找尋答案? 甚至是,能不能在犯錯後,鼓起勇氣選擇補考,而不是沮喪放棄,勇敢做唯一的自己。

人生說穿了,就是由無數的大小考驗組合而成,懂得為自己找到「人生導師」,絕對可以為自己的人生加分不少。

而什麼是人生導師?「他」,可能是一份信仰、一場演講、一部電影、一本好書,重點是裡頭的精神,能不能讓你在歷經悲歡離合時,多一點力量與勇氣,繼續朝能發揮自己最大價值的方向走下去?

我不是完美無缺的老師,但真心祝福每一位學生,打開心胸、主動出擊,每天都能遇見自己的人生導師、每天都能茁壯成長。

書籍資料
書名:勇敢做唯一的自己:台大教授郭瑞祥的人生管理學
作者:郭瑞祥/文;陳建豪/採訪整理
發行日期:20130402
出版社:天下文化

郭瑞祥
1961年出生於台北,曾在台灣大學取得土木系學士,隨後進入麻省理工學院攻讀土木工程碩士、機械工程博士,畢業後進入美國國家半導體公司,擔任研究發展中心資深製程工程師,並在職進修取得加州州立大學聖荷西分校企業管理碩士。1995年到台大任教迄今,現任台大工商管理學系、商研所特聘教授。
 
做為一名大學教授,郭瑞祥認為除了知識的傳遞,人生智慧與經驗的傳承更為重要。中年經歷罹癌、喪妻等人生重大轉折後,深刻體悟人生有許多問題,是沒有標準答案的。於是他以讀書會形式,在台大開設一門結合管理與人生的專題類課程,希望學生提早知道,管理,是每一個人都可以學習,讓自己生命更幸福的關鍵能力,在面對人生大大小小的「管理任務」時,都能以智慧與勇氣做出發揮個人最大價值的判斷與抉擇。
 
課程推出後意外大受歡迎,也堅定他與更多人分享、用心貼近學生需求的決心。他認真的教學表現曾多次獲得校內教學優良獎肯定,並獲頒台大教學傑出獎,每年僅1%教師能獲此殊榮,係台大給教師的最高榮譽之一,也被學校評選為第一屆優良導師。