Hi friends……wherever you are on this planet…

We may not have …but now…VIRTUALLY we have met !

So let us pray for the blessings… from … human and divine

..that this coming year be great…this two thousand and nine !

May this new year bring new joy and new happiness

and let us make a resolution  …to go for PEGO…nothing less !

May 2009 bring … rich  and creative bounty in abundance !

 May this new year …be full of positive ego….in every sense !!!

PEGOMAG TEAM

Let us understand crossword cluing…

THEME  for today …. MANAGEMENT:

CLUES :

First clue : Listen carefully and join ! ( 6 letters)

Second clue : Use a different CITCAT to bell the cat ! (6 letters)

Third clue : Norma joins the labour head to remain sane ! ( 6 letters)

Fourth clue : We go to this place of work….not on ice ! (6 letters)

Fifth clue : Reason for business is to support the apt ! (6 letters)

( Answers : 1. Enlist , 2. Tactic, 3. Normal, 4. Office 5. Profit )

Explanations:

‘listen carefully’ is a clue to reshuffle….and the word becomes enlist !

‘different citcat’… reshuffled….. tactic !

Labour head is the letter L…so norma+l…..normal !

Not on ice can be said to be ‘off ice’….so office !

‘pro’ is a word for support….and apt is for ‘fit’……therefore the answer is profit !

Hope to hear from you on this !!!

Slangs are cute…useful….and hit the nail…maybe …on the head !!!

But some slangs are not easily understood ?

So…here is an experiment…in  understanding  slangs .. with the help of poetry :

A few examples:   (more to follow….pl send in your comments !)

  1. If you….

Drop like a hot potato
   Throw in the towel
      Slam off …
         Or pull the pin…

Then you are done !
       You want to ABANDON !!!

 2. If You….

Go on the wagon…
   Sit out….
      Or give something a go by….

Then you want to contain….
    YES…you want to abstain …..

 3. If You…..
  
     VAMOOSE….
          Take powder….
                   Hightail….
Or make yourself scarce……….

Then You want to run….go beyond….

YOU WANT TO ABSCOND……

THE FAMOUS LAST WORDS

 
A US dictionary held a word of the year contest …and has declared the most famous words of the year (2008) !

Top of the charts is BAILOUT
Now that is really something interesting…. to write about … at the end of a year… that has seen many dramatic turn of events…

If we look at the top four words of the year, a clear picture shall…probably…. emerge of the world scenario!

Bailout…vet…Socialism…maverick….

These are the key words…the cues for a script writer….to write a not-so-pretty picture of the present times !

Let us begin with  the word ‘bailout’….

Wikipedia has this to say:

A financial bailout may describe an external intervention into the economic affairs of a nation, industry, corporation or citizen, typically for the purpose of enhancing their financial circumstances for public benefit.  Further, a bailout presents the challenge of moral hazard, by rewarding excessive risk-taking.

World economies are entering recession….so a financial bailout is surely the need of the hour !

But what is this moral hazard ?

Financial bail-outs of lending institutions by governments, central banks or other institutions can encourage risky lending in the future, if those that take the risks come to believe that they will not have to carry the full burden of losses.  ( source: wikipedia)

So the picture is clear…..recessionary conditions need a bailout… that was triggered…..in the first place by irresponsible lending ….among other things !!!

But what on earth  were the financial wizards doing……? Neglecting  their duty…..???

……They would have  definitely VETTED such risky lendings and other economic decisions !

( Vetting is a process of examination and evaluation, generally referring to performing a background check)

So ,does it mean that improper vetting of financial proposals/policies has lead to this global crisis ?

Bravo !

Now where does the idea of a bailout lead us to ?

While  most PROGRESSIVE economists are ( often ) heard crying hoarse …that a perfect development model is one where Governments should practise a HANDS OFF POLICY…..they propagate acute capitalism…

…but when it comes to the “judgement day”…they need a bailout !!!

Then where have we gone wrong….why do we  vehemently condemn SOCIALISM …

While the critics of socialism believe that Government intervention in business is absolutely undesirable, when it comes to a financial chaos…they support….ironically….a bailout package by the governments !!!

Can you imagine !!!

And this brings us to the fourth magical word….maverick !
 

A maverick is defined as …  being independent in thought and action or exhibiting such independence…a dissenter…a rebel

So, probably the answer to tide over this current confusion….and to make sure that the world does not enter periodic  man-made depressions… is that we need a redefinition of  policies of economic growth …and probably a ‘maverick’ solution that marries capitalistic virtues with so called ‘socialistic’ mindset !

Maybe there is a need to ‘vet’ a proposal for a moral/philosophical ‘bailout’ !!!

To conclude, one can say …. these strange word contests do serve a purpose after all !

They provide us with the glimpses of the ‘between the lines’ scenario….and throw up oblique answers for a healthier evolution!!!

Amen!

Pegomag believes that a traveler is different from a tourist…..

…he/she is NOT merely  fascinated by a PACKAGE… 

A traveler is a seeker of experiences…..

Keeping this spirit of PEGO alive….we have thought of introducing a  regular feature” Be a traveler”

We would look forward to your comments/views/suggestions ….so that this section can REALLY take us all on a journey…..of wonderful experiences…..and much more…..

PEGOMAG TEAM