Nasdaq OMX on Tuesday launched a cloud computing platform built by Amazon Web Services which it said would allow its trading clients to cut the cost of storing financial data.
The system, FinQloud, is a response to regulators' growing demands that companies provide more granular data on their trading activities.
Policymakers in the United States and Europe want banks and brokers to provide them with more detailed information on their day-to-day operations to help authorities spot illicit or risky trading patterns.
The world's largest banks and brokers have historically used specialist in-house systems for data storage, citing security concerns about external platforms.
Nasdaq and AWS, which have struck a partnership deal to offer the system to the exchange group's client's, said cloud computing offered a cheaper route to regulatory compliance.
AWS said all connections to FinQloud would pass through a rigorous encryption system so the platform met the strict security requirements of regulators.
"Storing and retrieving data can be done quickly, easily and inexpensively (with FinQloud)," said Andy Jassy, AWS senior vice president.
Investment banks are looking to share administrative and back office services to offset the twin pressures of falling revenues and increasing regulatory compliance costs.
Life ends when you stopdreaming, hope ends when you stop believing, Love ends when you stop caring, Friendship ends when you stop Sharing.
Shekhar Gupta CEO Capt. Shekhar Gupta [ Pilot, DIAM, M.Ae.S.I., MAOPA [USA] ] shekhar@aerosoft.in Blog : http://shekharaerosoft.blogspot.in/ Recession means lower incomes, more poverty for Coloradans, Census datashow
“Impossible is just a big word, thrown around by small men, who find it easier to live in the world they’ve been given, than to explore the power they have to change it. Impossible is not a fact. It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.” - –Adidas advertisement
In today’s world, we know that there are no boundaries or barriers to what we can do, save those that exist in our mind. Yet nothing has changed over the past century, the oceans haven’t become shallower, the continents haven’t drifted closer, the mountains haven’t grown shorter, the skies haven’t descended towards the surface, nor have people grown any stronger. If there is anything that has changed, it’s the mind of man. The mind has slowly yet surely been climbing a staircase, where each step allows it to see some more of the light, to ascend a few more inches towards its inherent nature, the unlimited.
The power of one, the individual, is being realised by a greater fraction of the population every day. Today, mainstream movies like 3 Idiots broadcast messages to make education meaningful and enjoyable, and to strive for excellence in one’s chosen field, rather than toeing the parental or societal line.
Ten-year-olds can make their own movies, career choices are unlimited, and retirement isn’t the end of the line. Anyone can take up a cause thanks to social networking sites, and make a difference to the state of the world.
Annie Besant once said that there were two possible reactions on seeing something that was wrong. One was to say, “Someone should do something about it,” and walk on, and the other was to say, “I will do something about it.” Astutely she observes, “There is an aeon of evolution that lies between the two attitudes.”
Today, more are saying, “I will do something about it,” and that is a beacon of great hope for the world. For the next revolution is an inside-out phenomenon, not an outside-in one, and only empowered individuals can participate in it. Technology being the trigger, pushing it beyond the point of stable growth, to an almost vertical exponential growth, has catapulted the individual capacity for growth as well. Another point to be noted is that since individuals are relating directly with information and technology, rather than having them routed through an authority figure such as a teacher, a parent or the government, empowerment is happening at the individual level.
The zeitgeist has moved from “I can’t” to “I can and I will”. Famous Austrian psychiatrist, holocaust survivor and author Victor Frankl writes in his book, Man’s Search for Meaning, that as long as we have the ‘why’ to live, the ‘how’ will follow. Empowering this ‘how’, all we need now is the correct ‘why’, the right reason and direction to go on.
We, in India, are particularly experiencing an empowerment, which comes partially from having moved away from mental enslavement, created by centuries of foreign rule, as well as the feeling that the axis of power is moving in our direction. In a recent study, a majority of Indians felt good about being Indian and were optimistic about the future. This empowerment is, in turn, reflected in a greater confidence about our abilities, and a greater sense of self-worth.
The net worth
By the individual, for the individual and of the individual, that is what I like to think of the internet as. The internet, or the net, is the most powerful tool for realising your own individuality. While familiarity with the computer is all that’s required, the net throws open doors to unlimited avenues for expression and knowledge. A blog, or a ‘web log’, is a web page maintained by an individual who regularly updates it with commentary, opinions, experiences, either in text, audio or video form. Blogs are extremely popular, powerful ways to express yourself, and get your views across. The blogs of popular icons are voraciously read the world over. The advent of technology has considerably eroded the power of the media. Their word is no longer law. The bias of the fourth estate, its inability to be everywhere and its tendency to trivialise news reportage has spurred citizens to get their daily dose of news through SMS polls, amateur news photography, chat rooms, message boards, wikis, cellphone cameras and blogs. News is not only verified but also indigenously sourced from individual sources. Today, media houses encourage patrons to send them their stories, information, views, and insights so as to extend their network to the grassroots level. One of the most popular examples of citizen journalism recently, is the photography of the longest solar eclipse of the millennium that took place on January 15, 2010. Indian citizen journalism portal Meri News ranks fifth in the world in the participatory news category.
Citizen initiatives seem to be the way to go when a change is required. One example of this is a group of six citizens from Mumbai who met the municipal commissioner of the BMC earlier this year, to discuss plans to solve the city’s water crisis. They have short-, medium-, and long-term plans, which can be implemented to preserve this precious liquid.
The Right To Information Act, 2005, is a revolutionary step in empowering the individual to demand transparency and openness in governance. The step was taken up by the Department of Personnel and Training and the Ministry of Personal, Public Grievances and Pensions, to allow citizens access to government records. As an active step in ensuring that the government is accountable to the people, this Act has found large support from the people and was used as soon as it was enforced. Although rarely written about in the news, since it consists mainly of small individual stories that aren’t very captivating, the RTI Act has made a difference to those who have used it. A successful social audit of the rural employment scheme in Bihar helped the villagers of the Araria district learn how money was being siphoned off and shown as wages. In a similar case in Solapur, a district collector discovered a fraud running into crores of rupees through the Employment Guarantee Schemes. With an MA in Social Work, Chandrakant Sasane applied for a lecturer's post in a Mumbai college but did not hear from them. Through the RTI Act, he found out that the Mumbai University had selected him for the job, but the college disregarded the order since he was blind. In such ways, this act is helping out the otherwise forgotten section of society to demand an answer.
The do-it-yourself phenomenon, which started off as an attempt to repair rundown American homes, has branched out into diverse fields. There are self-published books, artists releasing self-funded albums, independent computer game developers, motorcycle assembly and modification kits, and so on.
Self-reliance and self-determination are on the rise in any field of life. People are no longer satisfied with rote living; they want to take control of their lives. Jobs need to be more than just a means to earn; they need to stimulate the person at a deeper level. Vacations are not just about relaxation and sightseeing; people want to experience the soul of the locale. The shedding of an overt need for structure and control in one’s life, is allowing more flexibility and balance, helping gain more satisfaction and meaning from life.
Just as fire burns out the dross and allows only the essence to rise up, when we evolve, we shed part of our dross nature and grow lighter. What surrounds us is only a reflection of what lies inside us. When all we feel inside is fear or anxiety, everything we do will reflect it. But when we feel empowered, everyone around us, our society, will show the same. It is through this feeling, when each one realises their latent power, their latent strength that the individual rises and raises society along with him.
I can and I will!
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Ohio State University will partner with PSA Airlines on a new pilot training program, officials announced today. The program will open up the opportunity for aviation graduates who do well in a ground training program at Ohio State to enter PSA's job-training program, according to a press release. PSA is a Dayton-based subsidiary of US Airways that employs roughly 510 pilots and operates 49 aircraft. After being accepted into the program, students who complete OSU's Canadair Regional Jet systems class with a grade of at least 80 percent, graduate with a 3.0 or higher grade-point average and have a minimum of two quarters of flight instruction at Ohio State will be guaranteed a preferential interview with PSA Airlines. The airline will also make internships available to students whenever possible. "I'm not aware of any other collegiate aviation program in Ohio that has such a well-defined pathway from school to the industry," said Doug Hammon, director of the Ohio State Airport and Flight Education Program. Officials say the partnership will lower training costs for PSA, while providing a link to jobs for recent OSU graduates, at a time when airlines are in major hiring mode. "A significant percentage of the current pilot population will reach the mandatory retirement age within the next five years," said George Reazer, assistant chief pilot at PSA Airlines. "In addition, new rest rules are also scheduled to go into effect in 2014 which will further increase the demand for additional pilots." Ohio State will provide the necessary classroom and flight instruction. PSA will assist with course development and provide additional instructional materials, according to the release. Nearly 100 students are enrolled in OSU's flight education program each term. They can pursue certificates or ratings ranging from a private pilot's license to a certified flight instructor rating.
He was always in a good mood and always had something positive to say.
When someone would ask him how he was doing, he would reply, “If I were any better, I would be twins!”
He was a unique manager because he had several waiters who had followed him around from restaurant to restaurant.
The reason the waiters followed Jerry was because of his attitude. He was a natural motivator. If an employee was having a bad day,
Jerry was there telling the employee how to look on the positive side of the situation.
Seeing this style really made me curious, so one day I went up to Jerry and asked him, “I don’t get it! You can’t be a positive person all of the time. How do you do it?” Jerry replied, “Each morning I wake up and say to myself, Jerry, you have two choices today.
You can choose to be in a good mood or you can choose to be in a bad mood.’
I choose to be in a good mood.
Each time something bad happens, I can choose to be a victim or I can choose to learn from it.I choose to learn from it. Every time someone comes to me complaining, I can choose to accept their complaining or I can point out the positive side of life.
I choose the positive side of life.” “Yeah, right, it’s not that easy,” I protested.
“Yes it is,” Jerry said. “Life is all about choices. When you cut away all the junk, every situation is a choice. You choose how you react to situations. You choose how people will affect your mood. You choose to be in a good mood or bad mood. The bottom line: It’s your choice how you live life.”
I reflected on what Jerry said. Soon thereafter, I left the restaurant industry to start my own business. We lost touch, but often thought about him when I made a choice about life instead of reacting to it. Several years later, I heard that Jerry did something you are never supposed to do in a restaurant business: he left the back door open one morning and was held up at gunpoint by three armed robbers. While trying to open the safe, his hand, shaking from nervousness, slipped off the combination. The robbers panicked and shot him. Luckily, Jerry was found relatively quickly and rushed to the local trauma center. After 18 hours of surgery and weeks of intensive care, Jerry was released from the hospital with fragments of the bullets still in his body. I saw Jerry about six months after the accident. When I asked him how he was, he replied, “If I were any better, I’d be twins. Wanna see my scars?”
I declined to see his wounds, but did ask him what had gone through his mind as the robbery took place. “The first thing that went through my mind was that I should have locked the back door,” Jerry replied. “Then, as I lay on the floor, I remembered that I had two choices: I could choose to live, or I could choose to die. I chose to live.”
“Weren’t you scared? Did you lose consciousness?” I asked. Jerry continued, “The paramedics were great. They kept telling me I was going to be fine. But when they wheeled me into the emergency room and I saw the expressions on the faces of the doctors and nurses, I got really scared. In their eyes, I read, ‘He’s a dead man.’ I knew I needed to take action.”
“What did you do?” I asked.
“Well, there was a big, burly nurse shouting questions at me,” said Jerry. “She asked if I was allergic to anything. ‘Yes,’ I replied. The doctors and nurses stopped working as they waited for my reply… I took a deep breath and yelled, ‘Bullets!’ Over their laughter, I told them, ‘I am choosing to live. Operate on me as if I am alive, not dead.”
Jerry lived thanks to the skill of his doctors, but also because of his amazing attitude. I learned from him that every day we have the choice to live fully. Attitude, after all, is everything.
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