What happened to Greece?

The Economy crisis of Greece has made headlines in recent weeks catching the attention of the world. With the crisis in effect, many other countries had a negative impact which included drops in stock market. So how do we understand the problem of Greece?

This short video created by +BBC Newsbeat gives you a perfect illustration of what's been happening with Greece for the past decade. For those (including myself) who have no clue of why the crisis and wants to get updated, this 2 minute video presents a short explanation of when Greece became the member of +Eurozone. Then things went south and it had to keep borrowing money to save its economy. And the rest can be found in the following video.

+Bijesh Bajracharya is a startup blog writer.

"Everest"- The movie that's got Nepalese hyped up and every reason to watch.

Some good news for Nepali movie watchers. This newly released trailer of Everest will surely make you want more out of the movie.

Based on a true story, the trailer shows the breathtaking climb to the Everest, and struggle to reach back to the base. The cast starting with Jason Blarke, Josh Brolin, John Hawkes, Robin Wright, Michael Kelly, Sam Worthington, Keira Knightley, Emily Watson and Jake Gyllenhall heads on to this epic journey to reach the summit of Everest.

The trailer showcase the survival of character Jason Clarke who successfully summits Mt Everest but on the way back, he encounters a storm along with other climbers. When he is about to loose hope, the character played by Keira Knightley who is his wife in the movie, talks to him about not giving up and believing in hope. What happens next and who survives, you've got to watch the movie to find that out. The movie is set to release on September 18, 2015.

The official Everest Movie site describes the movie as:

Inspired by the incredible events surrounding an attempt to reach the summit of the world’s highest mountain, Everest documents the awe-inspiring journey of two different expeditions challenged beyond their limits by one of the fiercest snowstorms ever encountered by mankind. Their mettle tested by the harshest elements found on the planet, the climbers will face nearly impossible obstacles as a lifelong obsession becomes a breathtaking struggle for survival.

The Movie looks adventurous but the lack of involvement of the locals "Sherpa" in the trailer might be a point of concern for some Nepalese viewers. Sherpa are well known for their skills in climbing Mt Everest. The trailer releases only a month after the massive 7.8 Richter scale earthquake that devastated Nepal. It also affected the Everest region (Sagarmatha in Nepali) killing several climbers. This is only the second major disaster after a year ago which killed a record highest climbers in Everest that stopped the climbing season for that year.

With the recent earthquake in Nepal taken into accounts, the film makers of Everest along with +Universal Pictures have joined in supporting the earthquake relief in Nepal. For more information about the movie click on EverestMovie.


+Bijesh Bajracharya is currently a student at +Minneapolis Community and Technical College and more of a creation enthusiastic. Further info can be found by clicking here.

Reviving Nepal's economy: The Role of Private Sector

Nepal is rebuilding after the devastating 7.8 magnitude earthquake and multiple aftershocks.
This week on June 2nd a conference was held at the Hotel Annapurna in Kathmandu to discuss next steps. Samriddhi - The Prosperity Foundation, organized Econ-ity... "Reviving Nepal's economy: The Role of Private Sector". The program was focused on the role of private sector in Nation Building after the earthquake.

The session was moderated by Professor Dr. Bishwambher Pyakuryal, Senior Economist. He talked about the constraints to Nepalese economic growth, and the role of the private sector in dealing with those issues. Further, he added that the loss estimates made by different parties thus far are not necessarily accurate, and therefore we need to be careful while devising monetary and fiscal policies to deal with the effects of the earthquake.
Other Panelists in the session were:
1. Anil Khesari Shah VP, Nepal Bankers' Association. Mr Shah talked about the contribution of private sector during and after the disaster. Government as well as private sector must coordinate and stand together to move ahead. He discussed about the central bank loan issue and how 2% won't be sustainable, and on building permitting for houses over 2 stories.
2. Hari Bhakta Sharma, VP Confederation of Nepalese Industries (CNI). Mr Sharma talked about how the Government should develop and announce their working public-private partnerships for reconstruction - perhaps 10 groups. The government alone cannot solve the reconstruction issues alone and must move with private sector. He also added that government should increase the cash flow in the economy, increase liquidity in the market by buying bonds (instead of selling them) and increase consumption.
3. Dr. Hemanta Dabadi, Samriddhi Foundation. Dr. Dabadi told about the assets loss and production loss. He added that this is not the best time for Nepal to build small houses; that the focus should be on building secure housing. He also said that insurance companies must increase the penetration in the market.
4. Kamlesh Kumar Agrawal, General Secretary, Nepal Chamber of Commerce NCC. Mr Agrawal discussed how the earthquake has caused damage to 50% of the GDP of the country, and the GDP growth will likely be reduced to 3-3.5% from the expected 5.5%. Mr. Agrawal then talked about the role of free trade in improving the trade deficit position. He talked about the need to promote exports.
5. Pashupati Murarka, Officiating President, FNCCI. Mr Murarka discussed the losses in the private sector after earthquake. The private sector financial loss has been at least Rs. 100 billion (approximately US$1 billion). Next he talked about financing the reconstruction phase. Finally he added that the banking, insurance, and entire private sector needs to coordinate their efforts with that of the government and the government needs to allow the private sector to make their contribution.

                                             
Saujan Gyawali is currently First Year Site License Program in +The New York Times and also a student of business administration who loves writing on economic and business issues along with development stories.