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Norman Hsu: Travelling Man

Posted by iBlog on September 12, 2007

Hsu, 56 years old, has contributed or raised more than $1.2 million for Hillary Clinton and other Democrats, and is one of the party’s leading fund-raisers. But he became such a source of embarrassment for the Clinton campaign after press reports on his questionable campaign giving, and that he was a fugitive wanted in an early 1990s investment- fraud case, that the Clinton campaign said it was returning $850,000 from 260 donors associated with him.

Hsu called the matter a misunderstanding, then failed to show up at a court hearing in Redwood City, Calif., on the case Wednesday. Instead, he booked passage on an Amtrak train headed to Chicago.

That night, passengers on in the sleeper compartment across the aisle from his noticed a hat, a book and other items spilling into the hallway from under the door. The next morning, the drapes were still drawn. Returning from breakfast, one passenger peeked through the curtains and saw a person wedged against the door. The passenger, Joanne Segale, a retired school-bus driver from Sonora, Calif., knocked on the window but got no answer. Segale said she saw a man who appeared to be in fetal position, bare-chested. “It appeared this person had fallen out of bed,” she said.

Eventually, three conductors used the crowbar to pry the door open.

Segale said that Hsu “could not stand. He was acting like he didn’t understand them. They tried to get him up but he couldn’t walk.” At one point, Hsu asked the Amtrak attendants if he was in jail, according to Segale.

When Hsu was helped to the bathroom, Segale says she saw “lots and lots of medication in that room. I could see pills on the floor and rolling around.”

Amtrak conductors called paramedics, who met the train in Grand Junction, Colo. When Hsu was checked into a local hospital, law-enforcement officials were notified that Hsu had been found.

Hsu’s public-relations advisers declined Monday to comment on Segale’s account. Previously, his representatives called accounts of his actions on the train “mostly hearsay” and “sensational.”


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Rich Vs. Super Rich

Posted by iBlog on September 12, 2007

Such is the case with the virtual class war between the rich and super-rich. The New York Times has been especially vocal on the topic, coming out with a number of features — such as this one and this one — and a opinion piece over the last year.In the August 5th article, Gary Rivlin writes about a self-described Silicon Valley geek who’s worth about $3.5 million — and complains that he doesn’t feel rich: “I know people looking in from the outside will ask why someone like me keeps working so hard. But a few million doesn’t go as far as it used to. Maybe in the ’70s, a few million bucks meant ‘Lifestyles of the Rich and Famous,’ or Richie Rich living in a big house with a butler. But not anymore.”

I’ve written plenty about the topic as well. In Richistan, I profile a yacht owner who complains that his 100-foot yacht is “like a dingy” compared to the huge fleet of 150-foot and 200-foot boats now crowding the seas.

The main reason for all this class envy at the top is that inequality among the rich is now at its highest level in recent history. The economic distance between mere millionaires and the richest billionaires has more than doubled over the past decade. While the average income for the top 1% of income earners grew about 57% between 1990 and 2004, it grew by more than 80% for the richest one-tenth of one percent.

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Business Organization In Thailand

Posted by iBlog on August 21, 2007

Basic Business Organization

By Ekkapon Yuangnark

There are many kinds of business organization for person who would like to do business in Thailand. However, the basic and most favorable are as followings:

1. Sole Proprietorship :

The Sole Proprietorship is an unincorporated business owned by one person. All the proprietor’s assets, both business and personal, are subject to attachment or other legal action which may be brought with respect to the business.

2. Partnership :

According to Thai law, there are three different types of partnership. They are (1) unregistered ordinary partnership, (2) registered ordinary partnership, and (3) limited partnership. A joint venture or consortium is deemed as kind of unregistered ordinary partnership but may be treated differently under the Revenue Code.

(A) Unregistered Ordinary Partnership

An unregistered ordinary partnership is one in which all partners are, without limit, jointly liable for all the obligations and debts of the partnership. The partnership cannot be regarded as a juristic entity separate from each partner, who must make a contribution in the form of money, properties or services.

(B) Registered Ordinary Partnership

If an ordinary partnership is registered, it becomes a separate juristic entity from each partner, who thereby gains the following advantages:

(1) The assets of the partnership have to be examined before creditors can claim debt payment from the partners. This is unlike an unregistered ordinary partnership, in which each partner is directly liable for debts incurred by the partnership.
(2) The liability of a partner for debts incurred is limited to two years from the date he ceased to be a member.

(A) Limited Partnership

(1) A limited partnership consists of two types of partner:
(a) one whose liability is limited to the specific amount which he has contributed to the partnership, and
(b) one whose has unlimited liability for all debts incurred by the partnership.
(2) A limited partnership must be registered and is regarded as a separate entity.
(3) It should only be managed by a partner who has unlimited liability.
(4) If the business of the partnership is managed by a partner whose liability is limited, that partner will become unlimitedly liable for all debts incurred by the partnership.
(5) Partners with limited liability are entitled to carry on business of the same nature as that of the partnership and are free to transfer their shares without prior consent of the other partners.
(6) Creditors of the partnership are not entitled to sue partners with limited liability unless the partnership is dissolved. Even then, creditor can claim only the following amounts:
(i) part of the undelivered contribution,
(ii) part of the contribution which has been withdrawn,
(iii) divined or interest received in bad faith or contrary to the law.
(7) New partners cannot be introduced into the partnership without the consent of all other partners. A new partner is liable for any of the partnership’s debts from time of his becoming a partner. Similarly, an ex-partner is liable for debts incurred by the partnership up to the termination of his right as a partner.

An ordinary partnership is dissolved if :

(i) Terms of contract of partnership provide for it.
(ii) A definite period of time descried in the terms of partnership has expired.
(iii) The partnership was formed for a single undertaking, which has been completed.
(iv) Any of the partners gives due notice to the others
(v) Upon death, bankruptcy or incapacity of a partner.
In (iv) and (v) above, the partnership can continue to exist if the remaining partners buy the shares of the withdrawing partner.

An agreement on how the profits and losses of the partnership are to be divided should be made between the partners of the partnership. In the event that no such agreement has been made, each partner’s share in the profits and losses will be calculated in accordance with the proportion of his contribution.

The partner should also make an agreement concerning the manner in which the business of the partnership should be managed. In the absence of such an agreement, the business of the partnership may be managed by each of the partners, who are jointly responsible for the acts of any other partner in the ordinary course of business. Relations between the managing partners and the other partners are governed by the laws of agency.

Unless consent is given by other partners, each partner is prohibited from carrying on any competitive business of the same nature as that of the partnership. If this does occur, the other partners are entitled to claim back any profits made, and/or compensation for any injury suffered by the partnership in consequence.

If the partnership is dissolved, liquidation shall take place unless ;

(a) some other method of property adjustment has been agreed upon by the partners,
(b) The partnership is adjudicated bankrupt.

Liquidation of a partnership must be done in accordance with the following procedure:

(i) Repayment of debts to third party.
(ii) Reimbursement of advances made and expenses incurred to the partners in managing the business of the partnership.
(iii) Return of each partner contribution.
(iv) Division of any remaining balance between the partners, as profit.

3. Limited Company :

Under Thai law, there are two types of limited companies, private company and public company. In this brief shall mention to private company only.

Limited company is a company which is formed with a capital divided into equal shares. The advantage of conducting business in the form of a limited company is that people can participate in large-scale business activities with their liability being limited to the amount unpaid on the shares held by them.

The procedure for forming a limited private company is as follows:

(1) The promoters of the company must file a memorandum of association. The memorandum of association shall contain the following information:
– the full name and intended location of the company,
– the objectives of the company,
– the intended location of the head office of the company,
– a declaration of the shareholder’s limited liability,
– the amount of share capital, and the value of each share,
– the name, address, occupation, and signature of each of the promoters together with the number of shares subscribed to by each.
(2) The official in charge of company registration will review the memorandum of association, especially the company objectives, to determine whether it is (a) against the law, or (b) detrimental to public morals. Once satisfied, registration will be granted.
(3) After registration, the company promoters will try to have all shares subscribed to. A private company is not permit to invite the public to subscribe to the shares.
(4) After all shares have been subscribed to, the promoters of the company must immediately call a general meeting of subscribers. This meeting is the statutory meeting, which should call :
(a) adoption of the company regulations,
(b) rectification of any transactions or expenses made by the company promoters during the formation of the company,
(c) determining and fixing the amount to be paid to promoters,
(d) fixing the number of preference shares, if any,
(e) fixing the number of ordinary and preference shares to be allocated as fully or partly paid up in place of money, and determining the amount at which they shall be considered as paid up, and
(f) appointment of directors and auditors and establishment of their respective power.
(5) After the statutory meeting, the promoters shall hand the business over to the directors.
(6) The directors shall cause the promoters and subscribers to pay up each share in money at an amount of not less than twenty-five prevent of the par value.
(7) When the above mentioned amount has been paid, and within three months of the statutory meeting, the directors must apply for registration of the company.

Regulation of the Company :
Shareholders will normally adopt company registrations. These regulations will be registered. They are deemed as the law governing the company’s business and binding the director, shareholders and outsiders in accordance with the company’s resolutions which require approval of the shareholders.

Management of the Company’s Business :
The company’s business is to be managed by the directors of the company as appointed at the meeting of the shareholders. The first group of directors are appointed at the statutory meeting and thereafter at the ordinary meetings. The directors have to manage the company’s business in accordance with the regulations passed at the first general meeting of shareholders. The regulations will usually specify which director(s) are to conduct transactions with outsiders. However, if other directors have an agency relationship with the company, they may conduct transactions which bind the company to outsiders. In this case, these directors will also be responsible to the company and the shareholders.

Although the directors have the authority to conduct all types of legitimate business on behalf of the company, there are some things for which they must obtain the approval of the shareholders at the shareholder’s meeting. These are :
(1) appointment and removal of directors(s),
(2) appointment of auditor(s),
(3) declaration regarding distribution of dividends,
(4) conducting business involving capital, fully or partly paid up in any form other than money,
(5) dissolution of the company,
(6) amalgamation with other company(ies),
(7) other matters recorded in the regulations of the Company.

4. Joint Venture :

A contractual unincorporated joint venture or consortium is not recognized as a unique legal entity under the Civil and Commercial Code, except, perhaps as a form of partnership, but these forms of organization are recognized under the Revenue Code.

5. Branches of Foreign Company :

There is no special requirement for foreign company to register its branch in order to do business in Thailand. However, most businesses fall within the scope of one or more laws or regulations which require a registration, either before or after commencement of activities and foreign business must follow the generally applicable procedures.

6. Representative Office :

By a regulation of the Prime Minister’s Office, special procedures were establishes for those companies that wish to establish branches in Thailand to engage in limited “non-trading” activities. These procedures are optional but may be beneficial in certain circumstances. If the business activities of a foreign company are limited to the search for Thai products to be exported to other organs of the company or to do quality control work associated with such purchase or to engage in market survey activities, it is recommended to register as representative office. If a company is accepted for this representative office, expedited visas and wok permits for up to two foreigners to work in the branch are available.

Posted in Articles By Author, Asia Business, Business Tactics, China Global, Consulting, Corporate Strategy, Entrepreneurship, Going Global, Hiring & Training, Innovation, International Business, Management, Researching, Small Business | Leave a Comment »

Learning and Growing

Posted by iBlog on August 20, 2007

Our rewards in life will always match our service. You will almost always get general agreement. People will nod their heads and say, Yes, that’s certainly true. They will then go their ways and never realize, for the most part, how close they came to a truth so great and all-enveloping that their every thought and action is affected by it.

Another good way to look at this law is on the basis of giving and receiving. Giving means let go of, completely abandon. Unfortunately, most people have been conditioned to trade rather than give and are not even aware of it. The individuals who truly give are richly rewarded.

It’s not the job, it’s the person, it’s not your present circumstances which count, but the circumstances you make up your mind to achieve that are important. The only limit on your income is you. And the income you decide upon can be achieved within the framework of your present work, industry or profession where you already have a start and a place.

All you need is the plan and the courage to press on to your destination, knowing in advance that there will be problems and setbacks, but knowing also that nothing on earth can stand in the way of a plan, backed by Persistence And Determination. Every person should know happiness in their work and home and prosperity.

It all gets back to the law that controls everything in the universe: Cause And Effect. The cause must preceed the effect, or the effect cannot occur. This is why people who try to get something for nothing are only fooling themselves and earning the disillusionment and frustration they must one day reap. You can have what you want. You need only make up your mind.

If you don’t like your income, you must devise ways and means of increasing your service. And this is an individual thing, no one can do it for you although you can get ideas from others. Your service must come out of you, your mind, your abilities and your energy. A strong person cannot make a weak person strong, but a weak person can become strong on their own by following a specific course of action for a sufficient length of time. And a person who’s already strong can become alot stronger.

It’s the same with this business of money. A person who refuses to do more than they’re being paid for will seldom be paid for more than they’re doing. You may have heard someone say, Why should I knock myself out for the money I’m getting??? Now it’s this attitude which, more than anything else, keeps a person at the bottom of the economic pile.

This person doesn’t understand that only as we grow in value as persons, we will receive the increased income we seek, if we try to stand still in our work. We’ll never know the rewards, nor the joy of accomplishment and the personal satisfaction and peace of mind. Which come only to the person of unusual achievement….

Learning is when….

We consciously entertain an idea

We emotionalize the idea.

We act on the idea.

And we observe a change in results.

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The Truth…The Achievement

Posted by iBlog on August 20, 2007

We have always known this phrase…” Honesty is the best policy ” Do we…??? I am not a perfect person myself…Gone through life just as everyone else…to seek what we all want in life….

We have been conditioned, genetically and enviromentally to live one way and taught to live another. You might be thinking this must cause tremendous conflict in our lives and of course, it does. And the sad truth is that there are a huge number of people who are so used to living with this conflict, they have accepted it as the norm. They don’t even realize it is the cause of almost all of their problems. They have come to believe that other people, conditions and circumstance are the cause of any problems they may be encounting.

We have our mind, our abilities, our unique and individual talents and time. These are our possessions, this is really an immense amount of wealth that belongs to each of us. And it’s the investment of our wealth which will determine our rate of return. Making the best use of what we have, in the time we are given to use it. Truth is always simple and uncomplicated.

Think of the number of times you have felt yourself being pulled in one direction while at the same time, your intellect was telling you the opposite direction was the true course of action to follow. This sort of mental conflict is not a modern phenomena brought about by our fast changing world. The truth has always had a way of shifting under pressure. It is often just as hard to tell the truth as it is to hide from it.

It’s realizing that a person who does not read is no better than one who cannot and that a person who does not continue to learn to grow as a person is no better than one who cannot. The greatest joy a human being can know is the joy of accomplishment.

Think of your life as a plot of ground to be seeded. If can only return to you what you first give to it. And you have time, the one thing which is completely beyond the control of man. Time, which cannot be saved, stopped, nor held back for even an instant. Make full use of these riches while you have them. Why wait to say…I wish I could do it all over again??? There is no second chance…..only yourself, the choices you seek…to where you want to be.

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Posted by iBlog on August 20, 2007

Attitude is defined as the position or bearing as indicating action, feeling, or mood. And it is our actions or feelings which determine the actions or feelings of others towards us and which control, our success or failure.

Without an image of the mind, your understanding of attitude will very likely be distorted. That does not mean you will not be successful in life. You could have a great attitude and become highly successful, yet, not understand exactly what attitude is and how it has affected your success in life. A person in this position is referred to as an unconscious competent. Since their success has its foundation in their attitude and they do not have a clear understanding of what attitude is, they would be unable to explain their cause of success to another person, possibly even a loved one, this are not uncommon.

Our attitude toward life which will determine life’s attitude towards us. Everything we say or do will cause some effect. Each of us shapes their own life, and the shape of it is determined by our attitude. What we receive from life, what we accomplish, or fail to accomplish, is due in large measure to our overall attitude. Human beings can alter their lives by altering their attitudes of mind.

Is easy saying this, human beings can alter their lives by altering their attitudes of mind. It is not easy, it can’t be, the answer is obvious, they don’t know how. A change in attitude will change your life, is all you require. The conscious mind is the part of you that thinks. You can accept or reject any idea. No person or circumstance can cause you to think about thoughts or ideas you do not choose. Because the thoughts you choose will eventually determine your results in life.

To develop a good attitude toward the world in general, each of us must first develop a good attitude toward ourselves. WE CAN’T GIVE TO OTHERS SOMETHING WE DON’T HAVE. So it’s the attitude we take toward ourselves which determines our attitude toward others. Which radiates to the world around us.

When you see someone with a poor attitude toward others, you can be sure they have a poor attitude toward themselves. They don’t like themselves, they’re unhappy about something. A happy person reflects their happiness in their attitudes. A person with a poor attitude most of the time is unhappy and frustrated most of the time, and they’re a human magnet for unpleasant experiences. When they come, as they must because of their attitude, they reinforce their poor attitude, thereby bringing more problems. But for the person with a good attitude, the same principle holds true in reverse. Expecting the best, that’s what they get most of the time.

Why would a person persist in a poor attitude, expecting the worst???? We are so familiar with ourselves that we tend to take ourselves for granted. We tend to minimize what we can accomplish the goals we can reach. We believe others can reach heights which we cannot. We tend to overlook the fact that there is enormous undeveloped potential within each of us, a great reserve of talent and ability which we habitually fail to see.

Human beings living narrow, darkened, frustrated lives, living defensively, simply because they take a defensive, doubtful attitude toward themselves and as a result, toward life in general. Attitude is the reflection of a person.

No matter what a person does, whenever you find a person doing an outstanding job and getting outstanding results, you’ll find a person with a good attitude. These people take the attitude toward themselves that they can accomplish what they set out to accomplish, that achievement is the natural order of things that there’s no good reason on earth why they can’t be competent and successful. They have a healthy attitude toward themselves and as a result, toward life and the things they want to accomplish.

Because of this, they achieve things and come to be called successful and outstanding. They are no more brilliant or talented than the majority of the people by whom they’re surrounded, but they have the right attitude.

The world we’ve created around ourselves, is really a mirror of our attitudes. If we don’t like our enviroment, we can change it by changing our attitudes. The world plays no favorites, it’s impersonal, it doesn’t care who succeeds and who fails, nor does it care whether we change or not. Our attitude toward life doesn’t affect the world and the people in it nearly as much as it affects us.

The jobs which are held though hated, the marriages which are tolerated but unhappy, the relationships of two people who fail to understand one another, all because of people who are waiting for the world and others to change toward them, before they’ll change.

I remain.

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Overcoming Obstacles

Posted by iBlog on August 20, 2007

To overcome obstacles that seem insurmountable and achieve the success one seek. People have goals, they fix their mind a point they have to reach, something that’s more important than the effort and time that have to be expended in its achievement, a dream, seen only in the mind and felt in the heart, that’s too big to be denied, a dream which rises before their eyes when they awaken in the morning and is the last thing think about as they sleep at night.

This dream, invisible to all except to the person who holds it.  What the mind of man can conceive, and believe, it can achieve. The best definition of success is the progressive realization of a worthy goal. It means that any person engaged in achieving something which they consider worthy of them, is successful.

Any person with a dream in their mind and heart pursuing a worthy goal, is successful. The uniformed always seem to equate success with lots of money. While money often accompanies success, it has nothing to do with success necessarily, unless it happens to be a part of the goal. It’s left to each of us to decide for ourselves what our goal is.

Paradigms can have a tremendous influence over our thinking and will cause an individual to think of all the valid reasons. Why they are not able to have what they want in life. The conscious mind is often referred to as the intellectual mind. As information flows into your conscious mind you deal with it intellectually.

It is very common to find individuals who are intellectually brilliant and yet accomplish little with their lives, their day to day actions produce mediocre results. You must understand that it is not the intellect of the individual that is the cause of their behavior, it is their paradigm which is in control of their behavior. Until the paradigm is changed, the results will remain the same.

Every person knows how to do much better than they’re presently doing in almost every aspect of their life. There’s an enormous difference between knowing how to do something and doing it. The knowing has to do with the conscious mind, the doing has to do with the sub-conscious mind. Knowing that without a goal we are unsuccessful, but that with a goal we will have direction and purpose and that our goal will be reached.

Most of the confusion and indecision suffered by the majority of people is caused by their half-heartedly wanting so many things that they can’t decide which to go after first. As a result, they run in circles and often accomplish little or nothing at all.

There are two things we have to know to achieve……

1. Am I able??? Am I able to receive in my material world, anything that I seriously want.

2. Am I willing??? Am I willing to pay the price that must be paid, realizing that there is no such thing as something for nothing.

Decide on your goal, insist upon it. Force your goal into your sub-conscious mind. See yourself as having attained it.

Posted in Articles By Author, Business Psychology, Information Advice, Leadership, Motivation & Inspiration | 1 Comment »

We Seek What We Believe In

Posted by iBlog on August 20, 2007

If we will only have the wisdom and patience to intelligently and effectively explore the work in which we’re now engaged. We’ll usually find that it contains the riches we seek. Whether they be financial or intangible, or both.

Before we go running off to what we think are greener pastures. Let’s make sure that our own is not just as green or perhaps even greener. You see, while we’re looking at other pastures, other people are looking at ours. There’s nothing more pitiful, to my mind, than the person who wastes their life running from one thing to another, forever looking for the pot of gold at the end of the rainbow and never staying with one thing long enough to find it.

” What lies before you and what lies behind you are tiny matters compared to what lies within you. ” by Emerson. It helped me to understand that all of our opportunities as well as our problems are in our perception of situations and our perception is controlled by our paradigms. To ignore the power of paradigms to influence your judgement is to put yourself at risk when exploring the future. Paradigms definitely influence our thinking and have the ability. If left unchecked, to control our entire life.

We should avoid such self-restriction and realize there’s virtually no limit to our growth and development on the land upon which we now find ourselves, with our roots deep in the soil of a working philosophy of life and our minds and bodies in climate of freedom.

People who become outstanding in their work are those who see their work as an opportunity for growth and development and who prepare themselves for the opportunities which surround them everyday.

To do this, start at the beginning. What industry or profession does your job fall??? Do you know all you can know about your industry?? How did it begin?? Why did it begin?? Who started it and when?? What is your industry’s annual dollar volume?? How fast has it grown during the past twenty years??? What’s it’s projected growth during the next ten years??

Did you know that many industries will double in size during the next eight years?? This takes only about a ten percent gain per year. In short, start now to become a student of your industry. You’ll be amazed at the results. If you can see no limit to the growth of your industry, doesn’t it makes sense to realize that there’s no limit as to how far you can progress within its framework?? On the other hand, those who are not preparing and growing are not just standing still, in relation to their industry, their going backwards. So ask yourself. Do I know as much about my job and my industry as a good doctor knows about their job, their profession??

In order to become a professional in a world of amateurs, we need to study three important subjects.

1. Our company and the industry in which it operates.

2. Our job and perhaps the next step upward in our career.

3. We need to study people, since successfully serving and getting with people will

    determine our success or failure.

How can I increase my service today?? Think of ways and means by which you can increase your contribution to your company, your industry and those whom you serve.

You’re creating, rather than competing. You’ll affecting life, rather than just being affected by it. You are becoming a creator and a giver to life, instead of just a receiver.

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Money As In Value

Posted by iBlog on August 20, 2007

Money cannot be sought directly, money, like happiness, is an effect. It’s the result of a cause and the cause is valuable service. Keep money in its proper place, it’s a servant nothing more. It’s a tool with which we can live better, see more of the world. It’s the means to a happy, carefree retirement in later years. Too much emphasis on money reverses the whole picture, you then become the servant, and the money becomes the master…..

Be realistic about your financial goals. For as you reach them, you can then set higher goals. Trying to jump too far too soon can often result in confusion, tenseness and worry. Take your growth in sensible, logical steps, remembering that the big thing is that you know what you want and that you realize your rewards will match your service. That is, that you must devise ways and means of actually becoming the person who is worth the amount of money you have established for yourself. A person may be worth more than they’re getting, for a while, but the two will match up. They have to. In fact, unless a person is worth more than they’re now receiving, they cannot move ahead. They’re receiving all they’re worth.


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