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Manage your Online Professional Presence through LinkedIn

Having an Online profile on a networking site is almost mandatory today for professionals looking for (changing) jobs. Almost every potential employer ensures to check your online presence before short-listing you for the job. What they’re looking for is your online professional presence. And in today’s world, you need to have one out there for them to find. For most professions, an online professional profile will only help you. And the best place to go to build one is LinkedIn. (While they would surely go through your Facebook pages as well, they may not conclude much from it given it’s more of a social networking site than professional networking). LinkedIn is the most common site that the employers would screen through as part of their evaluation of whether to hire you or not. Here are some important tips of what to take care of while designing and maintaining your online professional presence on Linked In. 1.        Complete your profile...

The chapter 11 of the Bankruptcy Code, US

The chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11. Who files the petition A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain requirements. The debtor also must file with the court: schedules of assets and liabilities; a schedule of current income and expenditures; a schedule of executory contracts and unexpired leases; and a statement of financial affairs Generally, a written disclosure statement and a plan of reorganization must be filed with the court. The disclosure statement is a document that must contain information concerning the assets, liabilities, and business affairs of the debtor sufficient to enable a cr...

Bankruptcy

We all usually get a lot of mails (junk ones), not all of them are junk though. I got a forwarded mail from a friend.... I found it interesting.. so here it is. If you could read patiently and understand, its a great knowledge !   Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.   There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar. B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar. * The net asset of the country now = 3 dollars.   Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars. *A has a loan to C of...

US Govt- Different strokes for different folks?

The US Government, through the US Treasury and Federal Reserve, stepped in to save the Fannie Mae and Freddie Mac; refused to do anything about Lehman Brothers, let Bank of America help Merrill Lynch save itself and threw AIG a lifeline. Why this partiality? There’s reason ! Lets see why! The Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA), and the Federal Home Loan Mortgage Corporation (FHLMC) all are Government Sponsored Entities (GSEs) and they are known by the names Ginnie Mae, Fannie Mae, and Freddie Mac. Each purchases mortgages from lenders to provide funds for mortgage loans. The agencies issue three types of mortgage-backed securities: mortgage Pass-through securities and collateralized mortgage obligations. and stripped mortgage-backed-securities. This process of combining many similar debt obligations as the collateral for issuing securities is called securitization. The primary reason for mortgage securitization is to incr...

Lehman Brothers - Bankrupt

Lehman Brothers was founded in 1850 by two cotton brokers in Montgomery, Ala. Lehman Brothers (ticker symbol: LEH) is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world. The Company operates three business segments: Capital Markets, Investment Banking and Investment Management. On September 14, 2008 Lehman Brothers Holdings Inc. (“LBHI”) stated that it has filed a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. None of the broker-dealer subsidiaries or other subsidiaries of LBHI was included in the Chapter 11 filing and all of the U.S. registered broker-dealers will continue to operate. In conjunction with the filing, LBHI intends to file a variety of first day motions that will allow it to continue to manage operations in the ordinary course. Those motions include requests to make wage and salary payments and continue ot...