Author: shyam

Grit is tough because you don’t get the psychic payoffs that come with an exciting discovery or a shift in direction. You rarely get big wins to celebrate. In fact, you may never truly win. You will never have a web page that loads instantaneously or a state with no smokers. All you can do is shave a few seconds off a load time or persuade a few more rural school districts to join your campaign. And that slow, inch-by-inch progress? It’s called winning.

via Why True Grit Matters in the Face of Adversity | Fast Company.

Car sales in India grew at slower pace in April – livemint.com.

Research reveals that Glencore could have lost a daily $42.5m last year on average when measured by the so-called “value-at-risk” measure, much more than the average $25.7m put at risk each day in 2010 in commodities trading by Goldman Sachs, Morgan Stanley, Barclays Capital and JPMorgan.

Glencore, a Swiss-based company is aiming to sell a stake of 15-20 per cent, worth up to $12.1bn.

via FT.com / Commodities – Glencore has bigger risk appetite than Wall St banks.

In net terms, the markets are likely to treat this mix — of a durable reduction in security threats and some possibility of isolated disturbances — as involving a net overall reduction in risk premia. This would bolster equity prices worldwide while placing some pressure on those government bond markets that traditionally benefit from flight to quality.

FT Alphaville » El-Erian: Implications for global markets of Bin Laden’s death.

The company explained a network configuration change caused the shutdown and described what it is planning to do to prevent similar technical problems from happening again.

Amazon finally explains massive service outage, offers credit – NYPOST.com.