WEEKLY REVIEW

Madam Speaker
The Parliament celebrated Women’s day as Meira Kumar
created history by becoming the first woman speaker of the
Lok Sabha. This congress leader is the daughter of legendary
congress leader Babu Jagjivan Ram and had been the Lok
Sabha M.P five times. Before joining politics she was an
Indian Foreign Service officer and has served in Indian
missions in Spain, Britain and Mauritius .She is the first Dalit
woman from India to have been appointed at this coveted post.
Political parties across the spectrum supported her election; we
can take it as an example of India’s model democratic process.
It is being said the choice would facilitate the challenging task
of enacting the women's quota in the legislature, apart from
strengthening the social message of gender equality.
But in all this the fun will be change of genders, slip of tongue,
when ‘madam speaker' might become ‘Mr. speaker sir' as recently The CPI(M) leader
continued to address Ms. Kumar as 'Sir' before switching over to 'Madam'. Even
Samajwadi Party supremo Mulayam Singh Yadav kept referring to Ms. Kumar as
'Mohoday' instead of 'Mohodaya'.

To Read More…
http://www.theglobeandmail.com/blogs/subcontinental/from-untouchable-to-madam-
speaker/article1168317/

General Motors now Government Motors

One of the most powerful symbols worldwide of American industrial files into
chapter eleven bankruptcy making it an extraordinary and historic economic event.
Still wondering who we are talking about???Yes the pillar of American economy,
THE General Motors.Producing and manufacturing Vauxhall, Buick, Cadillac,
Chevrolet, GMC, GM Daewoo, Opel, Oldsmobile, Hummer, Pontiac, Saturn, Saab
and Vauxhall for years GM claims $82.29 billion in assets against almost $173 billion
in debt.
The filing of bankruptcy by the company according to Chapter 11 does not mean that
it will cease its operations. The U.S. bankruptcy law associated with this chapter
grants a given company the right to sell some of its assets and equities, the ability to
restructure its debts, and the right to dissolve some of its contracts and the closure of
some of its operations.
Of course recession was a big hit though, but can we put all the blame to recession?
What about the 1990 capitulation to UAW in which GM agreed to pay workers even

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when plants were idle? Having to pay thousands of employees for not working, fund
expensive employee healthcare packages mandated by the union that cost an
estimated $1,600 dollars per car manufactured? And finance lavish pensions that
drove the corporation billions of dollar...was this not a reason?
Well instead of now
figuring out the whys,
let’s see the
what’s next?
President Obama
wishes for a
speedy
bankruptcy to create
a new company from
GM's best assets,
within 60 to 90 days
for which the U.S. government has pumped about 50 billion dollars to assist the
company in its current crisis. Let’s hope for the best.

ToRead More…
http://www.reuters.com/article/companyNewsAndPR/idUSN3149500720090601

Rest in Peace
The Silicon Valley was in a state of shock when the celebrated
Stanford professor Mr. Rajeev Motwani’s news of drowning
incident hit the people. The tech world was not agreeing to the
death of this 47yr old master brain.
Mr Motwani was behind several of the key advancement in the
world of internet including Google and PayPal. He was born in
Jammu & Kashmir on March 26, 1962. He did his schooling from
the prestigious St Colombia’s School in New Delhi. He did his
bachelor’s in Computer science from IIT Kanpur in 1983,
thereafter continuing his PhD in Computer Science from University of Berkeley in
1988.Evntually he landed up in Stanford. He was well known for his research in
theoretical computer science, Motwani was a winner of the Godel Prize in 2001 for
his work on the PCP theorem and its applications to hardness of approximation. As a
Stanford professor, he also served as the director of graduate studies for the computer
science department and founded the Mining Data at Stanford project (MIDAS),
positions from which he mentored many start-ups and was a major catalyst in the
Silicon Valley eco-system.
He died in a freak drowning accident at his Bay area home. Paramedics were called
when his body was found, and he was pronounced dead at the scene at 12:28 pm. His
friends told that he did not know how to swim.
Though he is no more with us but he will always be remembered in some way or the
other whenever we will use some piece of technology.

© All rights reserved. Career Launcher India Limited. 2009

To Read More…
http://www.telegraph.co.uk/news/obituaries/technology-oituaries/5487846/Professor-
Rajeev-Motwani.html

Thank God there is a New P.M

After weeks of Political turmoil Madhav Kumar Nepal of the Communist Party of
Nepal (United Marxist Leninist) was elected unopposed as Nepal’s new Prime
Minister. Madhav, 56, has the backing of 22 political parties and 350 members in the
601-seat parliament. He was a prominent figure in 2005 protests against the
authoritarian rule of then-King Gyanendra and the weeks of street protests that led to
the restoration of democracy a year later
Maoist chief Pushpa Kamal Dahal Prachanda was
elected but he stepped down after 8 months as his
bid to fire the army chief failed, sharpening the
political struggle in Nepal. After three weeks the
new P.M came into picture but the Maoists say
they would boycott the new parliament and vowed
to keep up street protests against the president,
who blocked their attempt to sack the army chief.
Let’s hope that Mr.Nepal is able to fill the
political vacuum in Nepal.

To Read More…
http://www.themoneytimes.com/20090605/new-nepal-government-totters-ally-pulls-
out-over-deputy-pm-id-1070711.html

PICTURE CREDITS
Story1: http://img1.moneycontrol.com/images/entitygame/big/Meira_Kumar_300.jpg

Story 2: ://img.worldcarfans.com/2008/11/medium/general-motors-bankrupt.jpg

Story 3: http://www.thaindian.com/images/rajeev-motwani.jpg

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Story4: http://www.themoneytimes.com/files/Madhav%20kumar%20Prime
%20minister%20nepal_0.jpg

© All rights reserved. Career Launcher India Limited. 2009