| Pyramid Saimira acquires UK game developer
HYDERABAD: The Pyramid Saimira group has acquired close to 100% of UK-based animation and console game developer Aurona Technologies for an undisclosed amount. PS Saminathan, managing director, Pyramid Saimira said: We are set to emerge the worlds largest theatre chain company soon and look forward to gaming consoles at our theatres as a major revenue earner. Aurona, which has its development centre in Hyderabad, provides product development solutions and develops games for console, PC, handheld and online games for clients on the outsourced model. While this marks the companys entry into the fast-growing gaming business, including a future intention to focus on
mobile gaming content with 10-15 native games, the main objective is to utilise the extra space at our 800- odd theatres by setting up the gaming arcades, Saminathan said.
Three great stays in Dubai
Part of the famous Raffles chain, this hotel mirrors themes and architecture from ancient Egypt. The eye catching pyramid looks especially impressive at night when its illuminated, and inside its 248 grand staterooms and suites are complete with ornate decorations that perfectly blend modernity and antiquity. Beneath the apex of the pyramid sit 11 bars and restaurants featuring an impressive array of flavours from around the world. There is also the stunning Raffles Sky Garden, which is one of Dubais most luxurious outdoor venues for events. If youre in need of a bit of pampering and relaxation, then you can also try the extravagant Spa pool, and the Raffles Amrita Spa with its 6 treatment rooms and gym. Jumeirah Emirates Towers In the heart of Dubais business district, the two iconic triangular roofs of the Jumeirah Emirates Towers are the noticeable feature of the skyline.
BLOG BITS: Pyramid scheme; lack of experience; two hollow shells
Everybody loves a good pyramid. In any case, Egypt is fed up with the ubiquitous imitations of its most famous landmark. Wire services are reporting that the Egyptian government might copyright the pyramids and many of its other legendary antiquities, such as scarab beetles and pharaonic statuary. Perhaps not surprisingly, the copyright proposal appears to have been the brainchild of Zahi Hawass, Egypt's zany, over-the-top antiquities chief. Lack of experience Theo Caldwell of Canada's National Post argues that, because of their lack of legislative or administrative experience, "none of the Democratic (front-runners) has any business being president." "Not ready for prime time," goes the vernacular, but this does not suffice to describe how bad things are.
SEC probes transactions by Clifton investment firm Kay Services
Federal securities regulators are investigating whether a Clifton business that allegedly promised investors 100 percent risk-free returns is a fraud. Securities and Exchange Commission attorneys are looking at the dealings of Kay Services LLC and the potential that millions of dollars from the operation may have gone to its principal and her family. The investigation is in its early stages and there has been no finding Kay Services or those involved violated any securities laws. But in court documents, SEC attorneys said the investments in Kay Services may be part of a Ponzi or pyramid scheme and noted the improbability of such guaranteed annual returns. "Such astronomical returns, promised risk-free, are hallmarks of fraudulent schemes," regulators wrote in a federal court filing earlier this week.
India's Tata Leads Car Innovation--But Is It The Right Innovation?
Tata Motors of India will soon unveil a $2,500 car that is a not only a marvel of low-cost manufacture but a novel business model innovation. The "People's Car" (this nickname sounds like the original Beetle, right?) is the latest incarnation of India's ability to change the way business is organized and managed to produce low-priced products services for people at the Bottom of the Pyramid. India is pioneering in low-cost eye surgeries, low-cost telecom services and low-cost retailing (with tiny sachets of shampoo and other products). There is a challenging attitude toward the norm among Indian business people that generating business model innovation on a widening scale there and atracting the attention of US, European, Korean and even Chinese CEOs. This Indian innovative mindset combines irreverance for existing business models with a goal of creating through frugality.
Bill’s books of wisdom
The reading habits of successful business people are often revealed at this time of the year, when leisure is foremost.Mostly, they seem be top-of-the line thrillers or solid works of history or biography.So I was pleasantly surprised to learn of Bill Gates’ holiday reading list while in central Otago at Christmas.You might expect some heavy duty stuff on technology and the future.But, no, the world’s richest philanthropist is more interested in poverty and how to cure it.In fact, his books are an economist’s work list: Adam Smith’s The Theory of Moral Sentiments (1759), William Easterly’s The White Man’s Burden (2006), Professor C K Prahalad’s The Fortune at the Bottom of the Pyramid (2004) and Paul Collier’s The Bottom Billion (2007).Incidentally, Collier, an Oxford professor, is a keynote speaker at the Global Development annual conference in Brisbane this week along with the likes of Jeffrey Sachs and New Zealander Graeme Wheeler, managing director of the World Bank.Other books on Bill's list included Hernando de Soto’s The Mystery of Capital and Good Capitalism, Bad Capitalism (2007).
Breakling news Passport to Wealth on the verge in 2008...
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Warren Buffett, Ponzi pyramids, and Albania
Warren Buffet is the most successful money manager in recorded history. In January 1990, one share of his Berkshire Hathaway fund cost US$8,350. Today, it is worth about US$137,000. This works out to an average return rate of about 17 per cent per year. No one else has ever produced such large returns for so long. A return of 10 per cent per month works out to 314 per cent a year. This is over 18 times Warren Buffet's historical average. A sporting equivalent to this would be scoring 18 times as many goals as Pele. Ponzi Pyramid Schemes Here are word-for-word excerpts from two Wikipedia articles. Nothing has been changed or added. (http://en.wikipedia.org/wiki/Pyramid_scheme) (http://en.wikipedia.org/wiki/Ponzi_scheme#What_is_and_is_not_a_Ponzi_scheme) "A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered.
III. Obstacles to Reform
For the Indonesian government to end military self-financing, it will have to overcome several challenges. Alongside needed measures to confront military businesses and eliminate the TNIs other economic activities, the government also will need to find ways to appropriately finance the armed forces from budgetary funds. To do so will require improvements to financial controls on the military. As part of that effort, it will be essential to clearly address a number of misconceptions about military economic activity that are often cited as excuses to scuttle reform. This chapter addresses these issues in turn. It begins with a critique of the current system of military finance control. Next, it addresses three myths about military business activity. It finds that the challenges, while difficult, are not insurmountable.
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