Your Money eZine

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May 12, 2010

Transcript of Your Money eZine

Building Teacher/Family Relations in SchoolsCoretalk tfrm

s a child, a huge part of playing truant or partici-pating in somewhat otherwise deviant behavior at school, is the realization that a forged doctor’s note may just work or that the teacher may just not have the means to tell a parent about his

behaviour. CoreTalk Caribbean Limited is planning to throw a wrench via SMS into that particular mindset. The company has unveiled its newest solution that is expected to enhance the relationship between Teachers and Families.

Labeled “Teacher to Family Relationship Management” (TFRM), the software is a tool that will capture parents’ infor-mation and send them regular updates about their children. “We expect this solution to provide for a better relationship between teachers and families,” said Tyrone Wilson, Chief Executive Officer of Coretalk Caribbean Limited.

“TFRM can send text messages to parents for Parents Teach-ers meetings and parents can respond for any reason, and all this communication will be managed all in one place” explained the 24 year old CEO, also Managing Director of eZines Limited, the parent of this publication.

Parents and teachers form a team that must win if the child is to be a contributing member to society. With the busy lifestyles of most working parents nowadays, teachers have found it difficult to get a hold of parents and over time the re-lationship deteriorates to the detriment of the child. Thus a child that has been underperforming in class, absent without reason or not meeting disciplinary standards is at risk of not being set on the right path because of the lack of input from both members of the Teacher-Parent team.

CoreTalk is a pioneering software system which allows two-way communication via SMS instead of the usual bulk mes-saging that is normally employed, is proving to be perfect for this problem.

“Coretalk can help to solve this problem, a simple text mes-sage at times to a parent, telling them that their child is absent from class/school today, asking the parent if he/she knows

about this can help the parent in be-ing aware of what is happening,” ex-plained Tyrone.

Text messages are widely used as a medium of com-munication world-wide. Already, CoreTalk is solving a lot of businesses communication is-sues and is now venturing into the education system.

TFRM is being used worldwide in over 300 schools in coun-tries such as South Africa, Costa Rica and the United States. “We see where this can help solve some of the social issues that we are facing with our youths, TFRM can not only help to keep them in schools, but can also help them to behave and perform better by engaging their parents,” said Mr. Wil-son.

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With the busy lifestyles of most work-ing parents nowadays, teachers have found it difficult to get a hold of parents and over time the relationship deterio-rates to the detriment of the child.

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Tyrone Wilson, Chief Executive Officer of Coretalk Caribbean Limited

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08-SLC-029 Sagicor Product & SerPage 1 10/1/08 4:11:07 PM

t approximately 2:20 pm on May 6, 2010, the Dow Jones Industrial Average also known as simply “The Dow”, stood at 10,460 points af-ter suffering a 400 point slide. At this point, any

observer of stock markets around the world who may have taken a bathroom or coffee break would have missed the completion of the largest single day loss in the history of the Dow. For observers who stuck around, they would have seen the Dow tumble 600 more points in the space of sev-en minutes. Palpitations, near heart failures and sheer shock ensued until about 3:09pm when the Dow had regained 700 points and the aptly titled “Flash Crash” of 2010 was over.

As soon as the torrid ten minutes were over, the search for the origin of the unprecedented drop was on and the usual suspects were hauled in. The prime suspect for most of the day was Citigroup as they were blamed for possibly issuing a huge errant trade. Pundits supposed that the occurrences across the Atlantic may have been to blame; there was even that one theory that a trader had accidentally entered a “b” instead of an “m” causing widespread chaos.

Yet in the days since the crash, the sell-off that caused the crash appears to have been exacerbated by selloffs initiated and prolonged by systems of trading computers with pre-set instructions on how to respond when faced with certain situations.

So in fact, there has been no definitive disclosure of the start of the event but all indications point towards a set of “unusually high-volume” futures trades in Chicago that was picked up by computers in New York which then issued sell orders by the droves initiating a cascade effect as other sets of machines joined the game. The fact that the largest intra-day drop happened in 2010 has nothing to with the state of our markets but more so to do with the speed and capabili-ties of the machines that traders entrust to do hundreds of transactions at the literal speed of thought.

Machines that were created to make our lives easier sud-denly becoming sentient and taking over has long been a

boon of science fiction writers but many seemingly para-noid “nuts” saw the beginnings of such an event on May 6.

As it stands US officials have conceded that finding the one trade that started the whole thing might be impossible but the implementation of circuit breakers that are better equipped to deal with stooping individual trades as well as the market on a whole. At the end of it all, the fact that the people instituting the laws that govern these markets have little or no knowledge of the complex algorithms that are used to govern the impressive hardware present in comput-ers nowadays seems to set the scene for a predictable post-apocalyptic flashback.

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Flash Crash of 2010

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At this point, any observer of stock markets around the world who may have taken a bathroom or coffee break would have missed the completion of the largest single day loss in the history of the Dow.

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by Andre Burnett

How Simple Arithmetic Solves ProblemsI belIeve In magIC

ould a magical formula be applied to Jamaica to address much of the social and economic woes present in our society today? It could start with the Government where the blatantly partisan maneuverings of the ruling parties have made

doing business and subsequently everything else extremely hard for our own entrepreneurs and very unattractive to foreign investors who have poured money into other devel-oping markets around the world. Most of the red tape that surrounds simple procedures in our island country exists be-cause of opposing political factions putting political leverage over the progression over the country. So is it magic that is needed or simple arithmetic?

In Switzerland, the arithmetic is exceedingly simple. The seven executive seats of the Swiss Federal Council were ini-tially divided in 1959 between the four ruling parties with the smallest party receiving only one seat while the others each received two. The application of this formula which is not a law but rather an agreement was dubbed the “magic formula” and is a form of coalition government, the sort that is employed by various countries around the world in cases where there is no clear majority after an election. Switzer-land is a notable example however as a coalition government has been in place since 1959.

With the recent developments in the United Kingdom where a coalition government has been formed for the first time since World War II and the fact that our own political battles have become closer and closer over the years is it wishful thinking to consider that we could ever have a government that is comprised of representatives of both our parties?

Business people are just people at the end of the day and most people have political views and opinions at the end of the day. An outspoken businessman might find himself on the wrong side of a government tender if the ruling party isn’t who he supports or vice versa. A coalition government would result in more consensus based policy as a govern-ment comprising of different parties would undoubtedly better represent the popular opinion of the people within

a country. It wouldn’t seem at all farfetched to imagine that our business landscape might become a bit more level if the ideologies of both sides were both reflected in decision making.

Of course, the magic involved would be for all of the ran-cor and bad blood developed over years of in-fighting and sabotage to subside considerably for the efforts of a coali-tion government to be effective. Wishful thinking maybe, or maybe all it takes is that special bit of magic.

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Most of the red tape that surrounds simple procedures in our island country exists because of opposing political factions putting political leverage over the progression over the country. “

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