| January Effect goes missing as FIIs play Scrooge this time
MUMBAI: The January Effect, where the markets see a liquidity surge as foreign institutional investors (FII) start making fresh allocations towards their markets of choice, doesnt seem to be playing out in Indias favour this time around. As at the end of January 19, 2007, the FIIs had pulled out investments worth a net Rs 742.20 crore from Indian equity, in a departure from the previous years trend, when they had invested as much as Rs 2,032.80 crore till that date (from January 1, 2006). In fact, if one leaves aside the aberration of January 2005, the FIIs have notched up positive numbers (between January 1 and 19) on the equity buying charts ever since the market rally began in 2003 (see chart). According to Stuart Smythe, head of equity (India) at Macquarie Securities, it is not so much the January effect, but more the Indian valuation effect, that has made FIIs reduce their allocations for Indian equity till the end of last week.
Taste of life behind restaurant doors - read if you dare
Got a bee in your bonnet, but nobody will listen? Why, honey child, you just haven't come to the right place. This interesting letter from Lori Goff is a good example. “Once again I had fast food, and once again, it was messed up. I have decided that working in a fast-food [restaurant] has got to be pretty fun. I mean, after all, you get to decide if someone can actually HAVE what they order and pay for. Then you get to decide if you do let them have it, exactly how bad you are going to SCREW IT UP! I also wonder if after the shift, everyone splits up the overages. Such as, someone orders something with guacamole and sour cream, that's about $1.25 extra. If you decide that NO, they can't have it and continue doing so the entire shift, that adds up to a lot of money. Maybe this is where the incentives come in - like, if we hire you, you get extra cash daily by simply not giving people what they pay for.
Treating Esophageal Cancer Before It Strikes
Jan. 25 - KGO - The fastest rising cancer in this country is cancer of the esophagus. Now there's a new treatment for a pre-cancerous condition of the esophagus and it involves technology that gets rid of pre-cancerous cells before they turn deadly. .
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