ÚÑÈí
Al Dewania

WELCOME TO THE DIWANIYA .. ENJOY OUR PICS OF THE WEEK AND MAKE YOURSELVES AT HOME..
 let us know what you think .. info@nadamutawa.com

im om twittwer ..www.twitter.com/nadamutawa

Developing A Self-Learning Distance Program on Copyright for Librarians

Copyright for Librarians (http://blogs.law.harvard.edu/copyrightforlibrarians/) is a project developed at the Berkman Center in partnership with eIFL.net (Electronic Information for Libraries), aiming at developing a distance learning program on copyright targeted to librarians. Berkman Fellow Melanie Dulong de Rosnay will present the objectives and main steps of the project. As new technologies impact on the work of libraries and copyright law increasingly challenges library practices and access to knowledge, the aim of the course is to provide a sound understanding of the fundamentals of copyright and to raise awareness amongst librarians for balanced copyright laws and practices.

Is It Fair to Blame Fair Value Accounting for the Financial Crisis?

by Robert C. Pozen Robert C. Pozen

What was the primary cause of the current financial crisis? Subprime mortgages, credit default swaps, or excessive debt? None of those, says Steve Forbes, chairman of Forbes Media and sometime political candidate. In his view, mark-to-market accounting was “the principal reason” that the U.S. financial system melted down in 2008.

Do accounting rules actually pack such a wallop? For readers not schooled in financial jargon, marking to market is the practice of revaluing an asset quarterly according to the price it would fetch if sold on the open market, regardless of what was actually paid for it. Because the practice allows for no outdated or wishful-thinking valuations, it is a key component of what is known as fair value accounting. And it is at the center of the hottest accounting debate in decades. www.hbr.com

  How to Design Smart Business Experiments HBS

Managers now have the tools to conduct small-scale tests and gain real insight. But too many “experiments” don’t prove much of anything.

Every day, managers in your organization take steps to implement new ideas without having any real evidence to back them up. They fiddle with offerings, try out distribution approaches, and alter how work gets done, usually acting on little more than gut feel or seeming common sense—“I’ll bet this” or “I think that.” Even more disturbing, some wrap their decisions in the language of science, creating an illusion of evidence. Their so-called experiments aren’t worthy of the name, because they lack investigative rigor. It’s likely that the resulting guesses will be wrong and, worst of all, that very little will have been learned in the process. source http://harvardbusiness.org/


 

 

In a guest article, Christina Romer says policymakers must learn from the errors that prolonged the Depression

AT A recent congressional hearing I cautiously noted some “glimmers of hope” that the economy could stabilise and perhaps start to rebound later in the year. I was asked if this meant that we should cancel much of the remaining spending in the $787 billion American Recovery and Reinvestment Act. I responded that the expected recovery was both months away and predicated on Recovery Act spending ramping up greatly. Only later did it hit me that I should have told the story of 1937. ( article)


some books are to be tasted ,others swalowed and few to be chewed and digested..francis beacon

 

book :Economic Origins of Dictatorship and Democracy

What forces lead to democracy's creation? Why does it sometimes consolidate only to collapse at other times? Written by two of the foremost authorities on this subject in the world, this volume develops a framework for analyzing the creation and consolidation of democracy. It revolutionizes scholarship on the factors underlying government and popular movements toward democracy or dictatorship. Daron Acemoglu and James Robinson argue that different social groups prefer different political institutions because of the way they allocate political power and resources>

 Their book, the subject of a four-day seminar at Harvard's Center for Basic Research in the Social Sciences, was also the basis for the Walras-Bowley lecture at the joint meetings of the European Economic Association and Econometric Society in 2003 and is the winner of the John Bates Clark Medal.

Daron Acemoglu is Charles P. Kindleberger Professor of Applied Economics at The Massachusetts Institute of Technology. He received the 2005 John Bates Clark Medal awarded by the American Economic Association as the best economist working in the United States under age 40. He is the author of the forthcoming text Introduction to Modern Economic Growth.

James A. Robinson is Professor of Government at Harvard University. He is a Harvard Faculty Associate at the Weatherhead Center for International Affairs and a member of the Canadian Institute for Advanced Research’s Program on Institutions, Organizations, and Growth. He is coeditor with Jared Diamond of the forthcoming book Natural Experiments in

History.

intrview with dr ayed al mnaa and dr nada al mutawa at al watan tv this summer

 

my travel guide 2009

spain -puerto banus - mijas- malaga ....dubai

book of the month
Economic Origins of Dictatorship and Democracy
Daron Acemoglu -Massachusetts Institute of Technology-James A. Robinson -Harvard University, Massachusetts

 

The Big Shift: Measuring the Forces of Change HBS

During a steep recession, managers obsess over short-term performance goals such as cost cutting, sales, and market share growth. Meanwhile, economists chart data like GDP growth, unemployment levels, and balance-of-trade shifts to gauge the health of the overall business environment. The problem is, focusing only on traditional metrics often masks long-term forces of change that undercut normal sources of economic value. “Normal” may in fact be a thing of the past: Even when the economy heats up again, companies’ returns will remain under pressure. source http://harvardbusiness.org/

Regulation is back, but you won’t see a return to FDR-style controls. HBS
Instead,If you feel as if government officials are breathing down your neck, get used to it. For the foreseeable future, governments are going to take an especially keen interest in how you’re managing your business. Executives should look for tighter scrutiny than we have seen for decades and new, indirect forms of intervention. Managers in the private sector, accustomed to ducking behind corporate- and government-relations professionals, will need to develop a new mind-set and skill set that will allow them to partner with government rather than fend it off.SOURCE http://harvardbusiness.org/

The Economic Meltdown, and More HBS

Many of the current government initiatives were triggered by the worldwide economic meltdown that commenced in 2008. When the economy recovers, some will cease to exist; stimulus packages and industry bailouts are temporary measures by design. But in the United States as well as Europe and Japan, government oversight will not return to what it was before the recession. Change has been on the horizon for years; it will be the culmination of several long-term trends SOURCE http://harvardbusiness.org/

 

Tapping the World's Innovation Hot Spots  by John Kao

Countries around the world are putting innovation at the top of their agendas. As a result, companies now have access to a global market for talent, capital, tax credits, and regulatory relief. Before setting up a research laboratory or a marketing office in one of the world's innovation hot spots, organizations must consider which of the emerging innovation models best suit their requirements. An astute company can also blend elements of each model in a systems integration approach. In the foc...Read More » http://harvardbusiness.org/

 Practice of Adaptive Leadership: Tools and Tactics for Changing Your Organization and the World

 

by Ronald A. Heifetz, Marty Linsky, Alexander Grashow

352 pages. Publication date: May 18, 2009. Prod. #: 5764-HBK-ENG

When change requires you to challenge people's familiar reality, it can be difficult, dangerous work. Whatever the context, whether in the private or the public sector, many will feel threatened as you push though major changes. But as a leader, you need to find a way to make it work. Ron Heifetz first defined this problem with his distinctive theory of 'adaptive leadership' in Leadership Without Easy Answers. In a second book, Leadership on the Line, Heifetz and coauthor Marty Linsky highlight...Read More »

When change requires you to challenge people's familiar reality, it can be difficult, dangerous work. Whatever the context, whether in the private or the public sector, many will feel threatened as you push though major changes. But as a leader, you need to find a way to make it work. Ron Heifetz first defined this problem with his distinctive theory of 'adaptive leadership' in Leadership Without Easy Answers. In a second book, Leadership on the Line, Heifetz and coauthor Marty Linsky highlighted the individual and organizational dangers of leading through deep change in business, politics, and community life. Now, Heifetz, Linsky, and coauthor Alexander Grashow are taking the next step: The Practice of Adaptive Leadership is a hands-on, practical guide containing stories, tools, diagrams, cases, and worksheets to help you develop your skills as an adaptive leader, able to take people outside their comfort zones and assess and address the toughest challenges. The authors have decades of experience helping people and organizations create cultures of adaptive leadership. In today's rapidly changing world, The Practice of Adaptive Leadership can be your handbook to meeting the demands of leadership in a complex world.

Kuwaiti women achieved another historic milestone
This is a major leap forward," said the 40-year-old professor of political philosophy at Kuwait University who earned her doctorate from the University of Texas at Austin.
           
Awadhi placed second in the third district, where Rula Dashti was also elected in seventh place. The top 10 finishers in each of the five electoral districts win seats in the 50-seat parliament.
           
Massuma al-Mubarak and Salwa al-Jassar, both holders of doctorate degrees from the United States, were also declared winners. Mubarak topped the 10 winners in her district while Jassar came in last place in another district (click)

Kuwait's mould-breaking election

It's hard to create a democracy

 2009 | CAIRO
From The Economist print edition

A recent general election may not make the government more effective

THE economy of Kuwait is exceedingly well oiled. With just 3.4m residents, only a third of them indigenous citizens, the emirate sits on a claimed 8% of the world’s petroleum reserves. Yet for all this wealth, Kuwait’s political system remains creaky and crash-prone. Rather than inspiring the Persian Gulf’s more authoritarian monarchies to reform, its 46-year-old experiment with limited democracy has often seemed a model to be avoided. Just since 2006, batterings from the 50-member parliament, which has tended lately to be dominated by Islamists and conservative tribal leaders, have sent five successive governments tumbling like ninepins.

more ..click here

Angelina Jolie is 'world's most powerful celebrity'

Angelina Jolie has dethroned Oprah Winfrey as the world's most powerful celebrity, according to an annual list compiled by business magazine Forbes.

Winfrey, the US television star, topped the list for the previous two years and remains its highest earner, m aking $275 million in the past 12 months. However, she is relegated to second place this year by Jolie, 34, the Hollywood actress, human rights campaigner and mother-of-six.

The star power of British celebrities appears to be on the wane. Keira Knightley, Gordon Ramsay and JK Rowling have dropped out of the top 100 rankings altogether, while last year's highest placed Briton, David Beckham, has slipped from fifth to 28th. (click)
 
 
 
 
 
 
 
 
 

Who Sold the Eiffel Tower Twice?

Victor Lustig was born in 1890 in Czechoslovakia. Though brilliant as a child, he turned to a life of crime, excelling in gambling, card games and scams.

Lustig became a riverside gambler plying the various cruise boats that invariably consisted of the rich and famous. Here he met other experts and under their tutelage fine-tuned his skills. (click)

CAN we blame the “experts” for not predicting the financial crisis? I don’t know of any scientific method that could have perfectly called and timed it. Some things were very troubling—global imbalances and the housing bubble—but did it have to get this bad? There were probably a myriad of ways it might have played out, some even worse, some better (remember the IMF hoping for a happy and gradual unwinding). How can you predict a tepid, inconsistent government reaction (economists suffered a touch of hubris there) and market panic? Human behaviour is tough to predict and when humans try to anticipate what other humans will do—you can get a big mess.

Philip Tetlock, a professor of organisational behaviour at the Haas Business School at the University of California-Berkeley, talks to Money about why humans make poor forecasters and, if you must listen to one, what qualities to look for. He reckons there exists two types of experts:The most important factor was not how much education or experience the experts had but how they thought. You know the famous line that [philosopher] Isaiah Berlin borrowed from a Greek poet, "The fox knows many things, but the hedgehog knows one big thing"? The most important factor was not how much education or experience the experts had but how they thought. You know the famous line that [philosopher] Isaiah Berlin borrowed from a Greek poet, "The fox knows many things, but the hedgehog knows one big thing"? click here

 

 
 

 

 

Playing the Women’s Rights Card: Are Arab Regimes Really Changing for the Better?
 
 
 
 
 female role models have emphasized positive changes in regards to general development and addressing the issues concerning women who have become increasing audible in the political and judicial arenas of the Middle East click here
 
 
.The stars at fashion week
 Kanye West, Paris Hilton, Justin Timberlake at the shows in New York click
Angela Merkel calls for post-crisis economic charter
and      "The Gulf's New Economic Agenda"
The financial crisis will cause Gulf economies to bend but not break. They face the crisis in robust shape. Budget surpluses reached US$ 150 billion in 2008, with foreign assets totalling US$ 1.2 trillion. Despite these solid financial foundations, challenges loom. These include oil prices below US$ 40 a barrel, a stock market crash, difficulties in accessing credit and political risk. Against this backdrop, the panel discussed the economic strategies the Gulf should pursue globally and domestically....click here
and..
Speaking at the Annual Meeting, German Chancellor Angela Merkel said that "the central task of politicians now is to restore the ability of markets to function, thereby creating a new trust, on a sounder footing." She pointed to the need to address global challenges with global efforts and called for a new set of rules and overhaul for the global financial architecture. She also called for the adoption of a post-crisis charter for a global economic order.
good reads
 

Harvard Review poet featured on Poetry Daily click

It is a universally acknowledged truth that the first pancake is always a failure....But don't be disheartened. It happens to the best chefs, too. No matter how well-greased the pan and carefully whisked the mixture, the initial effort is always flabby or misshapen.

BASIC PANCAKE BATTER

Enough for 8 pancakes

1 large egg or 1 egg and one yolk

½ pint/280ml milk

4oz/110g plain flour (4 heaped dessertspoons)

1 tbsp melted butter

 By hand: sift the flour into a bowl and make a well in the middle. Break in the egg (and yolk, if using) and add a pinch of salt and a splash of the milk. Whisk the egg, gradually incorporating the flour, to make a smooth cream. Whisk in the rest of the milk and the melted butter. With a blender: put all the ingredients in a blender jug with a pinch of salt. Whizz until smooth. from the telegraph.com

LEADING ARTICLE  The bulls charged back into the arena much too soon. When news filtered out a week ago of an unprecedented United States Government plan to nationalise the toxic debt of Wall Street, American stock markets responded as if salvation was finally on its way. The euphoria was shared here in Britain. Our own FTSE 100 registered its biggest single-day jump in its history last Friday.After months of panic selling, investors suddenly began to buy banking shares. Our own Government's orchestrated merger of the sickly HBOS with Lloyds TSB helped generate a perception that the financial services sector was emerging from the woods..frm the independent (the article) 

 

Women’s Forum Underlines Power of Networking
Diplomatic Arab Women’s Forum, an NGO based in Vienna, Austria, held its first two-day symposium entitled “A Glimpse at Women in the Arab World: Achievements and Aspirations(click here)
Young Arab Leaders (YAL) hold the First Elections in 2008 for their Chapters Executive Boards
 Young Arab Leaders (YAL), the region’s foremost development platform for business, public sector and civil society leaders, held the first elections in the organization’s history and today announced the results of the new Chapter Executive Boards. YAL is a regional, not-for-profit organization and is a network of members, who are young Arab men and women, with diverse areas of expertise, and with the aim to be the triggers for positive change for the future generations of the Arab World( click here)
FROM THE WORLD BANK

The East-East Corridor: The Growing Middle East–Asia Energy Relationship and Capital Flows(VIEW REPORT)

Kuwaiti-Asian economic diplomacy relations
 
 Dr. Nada Al-Mutawa, a researcher for Kuwait University's Center for Strategic and Future Studies. Al-Mutawa spoke to the members of the society about her most recent dissertation on Kuwaiti-Asian economic diplomacy relations, with particular focus on the Japanese-Kuwaiti economic relations.(click )
FOOD AND TRAVEL
GOLDEN RESORTS IN THE ARAB WORLD..
AMANJENNA - MERRACKESH
 
AND ATLANTIS - DUBAI
 
 Guess whats happening at the UN this month?(click here)
 MBA students..a quick statistics reminder of  the mean median and mode ..click here
 

 Pareto's Principle - The 80-20 Rule

Pareto's Principle, the 80/20 Rule, should serve as a daily reminder to focus 80 percent of your time and energy on the 20 percent of you work that is really important. Don't just "work smart", work smart on the right things.read more

 tell me more about accounting and balance sheets ..!!
Assets are things that a company owns and are sometimes referred to as the resources of the company. Joe readily understands this—off the top of his head he names things such as the company's vehicle, its cash in the bank, all of the supplies he has on hand,more
   

post for MBA students:Economic Indicators: Purchasing Managers Index (PMI) The PMI is a composite index of five "sub-indicators", which are extracted through surveys to more than 400 purchasing managers from around the country, chosen for their geographic and industry diversification benefits. The five sub-indexes are given a weighting, as follows read more