Some very cool do-it-yourself gadgets

15 very cool DIY gadgets have been listed here. From a Night Vision headset to Rubik's Cube solving robot to a 3D object scanner, the DIY projects here are simply amazing!

A good friend of mine who is a Financial Business Analyst just posted this question in a mailing list -

Can anyone explain me with examples as to who is the floating ratepayer/fixed rate payer in a receiver/payer Swaption???? Have been breaking my head over it.. Please don't Google and paste.

Needless to say, I had to give an appropriate answer which my b-school Financial Management professor would have been proud of. The answer follows -

Sure!

During a Swaption session, the payer is the one who swaps money that he carries in his wallet with the product. The receiver is the person who swaps the product that he's selling for money. Now if the payer throwsthe money into the air and it floats, then he becomes a floating payer.The time duration for which the money floats in the air before gravity takes over is called as the floating rate. If the floating rate ishigher, then the payer is a floating rate payer. If the payer has some manners and keeps the money on a desk or gives it to the receiver, he becomes a fixed payer. 'Fixed rate payer' as such does not have any difference to 'Fixed payer', but the terminology is used widely in the investment banking industry in that famous street in New York whose name I cant recollect, but know that the street has a lot of walls...

Hope you liked the definition. Perhaps a google cut-paste might have been better?

I'm not sure if my friend's customers would have appreciated this kind of explanation during a consultation session, but hey, it doesn't cost much to churn out free information, right? :-)

Bottomlines force new loyalties

The political parties in Tamilnadu always rely on their own TV channels and newspapers to convey their absolutely non-neutral viewpoints to the audience. DMK and Sun TV/Dinakaran used to be like carrots and peas (or parotta and salna). However, these days it seems that Dinakaran and Sun TV have started to increase their coverage of Amma, finding no more support from the DMK. Has the face of politics in TN started to change?

Banker wearing 'For Hire' sign

This USA Today news item shows an unemployed financial engineer standing with a 'For Hire' sign. Is the US economy really entering depression?

Moving skyscraper planned in Dubai

A skyscraper has been planned in Dubai. So what, you might ask. It so happens that the tower design is made up of 80 pre-fabricated apartments which will spin independently of one another! This means that the building will look different each time one of the floors decide to go for a spin! Read more in this BBC News article...

Fun facts about Rajnikanth!

Received a forward from a friend of mine on things that only Rajnikanth can do! Here they are -

- Rajanikanth makes onions cry
- Rajanikanth can delete the Recycle Bin.
- Ghosts are actually caused by Rajanikanth killing people faster than Death can process them.
- Rajanikanth can build a snowman..... out of rain.
- Rajanikanth can strangle you with a cordless phone.
- Rajanikanth can drown a fish.
- When Rajanikanth enters a room, he doesn't turn the lights on............ he turns the dark off.
- When Rajanikanth looks in a mirror the mirror shatters, because not even glass is stupid enough to get in between Rajanikanth and Rajanikanth.
- Brett Favre can throw a football over 50 yards. Rajanikanth can throw Brett Favre even further.
- The last digit of pi is Rajanikanth. He is the end of all things.
- Rajanikanth does not know where you live, but he knows where you will die.
- Bullets dodge Rajanikanth.
- A handicap parking sign does not signify that this spot is for handicapped people. It is actually in fact a warning, that the spot belongs to Rajanikanth and that you will be handicapped if you park there.
- Rajanikanth' calendar goes straight from March 31st to April 2nd, no one fools Rajanikanth.
- If you spell Rajanikanth wrong on Google it doesn't say, "Did you mean Rajanikanth?" It simply replies, "Run while you still have the chance."
- Rajanikanth can do a wheelie on a unicycle.
- Once a cobra bit Rajanikanth' leg. After five days of excruciating pain, the cobra died.
- When Rajanikanth gives you the finger, he's telling you how many seconds you have left to live. - Rajanikanth can kill two stones with one bird.
- Rajanikanth was once on Celebrity Wheel of Fortune and was the first to spin. The next 29 minutes of the show consisted of everyone standing around awkwardly, waiting for the wheel to stop.
- Leading hand sanitizers claim they can kill 99.9 percent of germs. Rajanikanth can kill 100 percent of whatever he wants.
- There is no such thing as global warming. Rajanikanth was cold, so he turned the sun up.
- Rajanikanth can set ants on fire with a magnifying glass. At night.
- Rajanikanth has a deep and abiding respect for human life unless it gets in his way.
- It takes Rajanikanth 20 minutes to watch 60 Minutes.
- Rajanikanth once shot down a fighter plane with his finger, by yelling, "Bang!"
- In an average living room there are 1,242 objects Rajanikanth could use to kill you, including the room itself.
- Behind every successful man, there is a woman. Behind every dead man, there is Rajanikanth. - Rajanikanth destroyed the periodic table, because Rajanikanth only recognizes the element of surprise.
- Rajanikanth got his drivers license at the age of 16 Seconds.
- With the rising cost of gasoline, Rajanikanth is beginning to worry about his drinking habit.
- The square root of Rajanikanth is pain. Do not try to square Rajanikanth, the result is death.
- When you say "no one's perfect", Rajanikanth takes this as a personal insult.
:-)

Holographic mobile handsets

Holographic mobile handsets capable of projecting, capturing and sending 3D images have been developed by .... Infosys! Wait a minute! I didn't even know until now that Infy was into making mobile handsets! Need to check the veracity of this article published on ZDNet....