facing Interview

I don't how to start..
well tell u the truth i really also do not have much experience in interview, specially when comes to negotiating. But from the experience i got my life , what i think is

1. u must answer questions solidly and firmly -- this is a kind of a tough situation, where i it is easy said than done.
2. salary - tell an amount u think u need, interviews i have faced i have never got a offer from any of my employers
3. ask about the break down of the salary
make sure u increase the basic
ask about other benefits u get - insurance , traveling

G8 sees continued perils for world economy

L'AQUILA, Italy (Reuters) – G8 leaders believe the world economy still faces "significant risks" and may need further help, according to summit draft documents that also reflect failure to agree climate change goals for 2050.

Discord over environmental measures was underlined by withdrawal from the meeting of Chinese President Hu Jintao, who returned to Beijing because of unrest in northwestern China in which 156 people have been killed.

Documents seen by Reuters ahead of a G8 summit cautioned that "significant risks remain to economic and financial stability", while "exit strategies" from pro-growth packages should be unwound only "once recovery is assured".

"Before there is talk of additional stimulus, I would urge all leaders to focus first on making sure the stimulus that has been announced actually gets delivered," Canadian Prime Minister Stephen Harper said before the summit began.

Leaders met in L'Aquila, a mountain town wrecked by April's earthquake and a fitting backdrop to talks on a global economy struggling to overcome the worst recession in living memory.

The Group of Eight -- United States, Germany, Japan, France, Britain, Italy, Canada and Russia -- will kick off with debate on the economic crisis, after what one analyst called a "reality check" in recent weeks on the prospects for rapid recovery.

G8 leaders badly underestimated the economic problems facing them when they met in Japan last year and will now focus on what must be done to prevent another meltdown.

"Although there have been signs of stability in the economy and the sentiment has improved, the real economy has not recovered yet with job and wage conditions still stagnant," said Takao Hattori, senior strategist at Mitsubishi UFJ Securities.

But few big initiatives are expected as the G20, a broader forum that also includes the main emerging economies, is tasked with formulating a regulatory response to the crisis and meets in September in Pittsburgh after an April summit in London.

DOLLAR DEBATE PLAYED DOWN

Not mentioning China's push for a sensitive debate about a long-term alternative to the dollar as global reserve currency, the draft talked only of global "imbalances". G8 diplomats had said this might be the only oblique reference to currency.

"Stable and sustainable long-term growth will require a smooth unwinding of the existing imbalances in current accounts," read the draft prepared for the G8 talks.

China complains that dollar domination has exacerbated the global crisis and worries that the bill for U.S. recovery poses an inflation risk for China's dollar assets, an estimated 70 percent of its official currency reserves.

Analysts said the decision not to refer to this directly could remove a destabilizing factor on currency markets.

U.S. President Barack Obama was expected to make his mark on his first G8 summit by chairing Thursday's meeting in L'Aquila of the 17-nation Major Economies Forum, whose members account for about 80 percent of global greenhouse gas emissions.

But MEF ministers, summoned at the last minute on Tuesday to prepare for the summit, failed to close the gap between U.S. and Europe on the one hand and emerging powers like China and India on the other hand.

Berlusconi spoke of meeting Chinese "resistance" and the G8 appeared to have failed to persuade China and India to agree to a goal of halving world greenhouse gas emissions by 2050.

A draft MEF document dropped any reference to this and aimed instead for agreement on the need to limit the average increase in global temperature to 2 degrees Celsius (3.6 degrees Fahrenheit) since pre-industrial times.

Cindy Baxter from Greenpeace said G8 leaders were "watering down climate ambitions" as deep emission cuts are a prerequisite for limiting temperature rises, but appeared to get no mention.

Developing nations, present in large numbers at the expanded G8 summit with more than 30 world leaders invited including nine African nations, argue that they need to be able to consume more energy in order to end poverty among their populations.

A packed first day is due to wrap up with talks on an array of international issues, including Iran's post-election violence and nuclear programme. However, these are unlikely to lead to any immediate action, such as a tightening of sanctions.

One area where a breakthrough is possible is trade. A draft communique suggested the G8 and "G5" developing nations would agree to conclude the stalled Doha round of trade talks in 2010.

Launched in 2001 to help poor nations prosper through trade, the talks have stumbled on proposed tariff and subsidy cuts.

Leaders will also discuss a U.S. proposal that rich nations commit $15 billion over several years for agricultural development in poor countries to ensure food supplies.

Toxic asset program may be too late to help banks

Treasury set to unveil managers for toxic asset plan, but many wonder if its moment has passed

WASHINGTON (AP) -- A government plan designed to rid banks' books of the troubled assets that exacerbated the financial crisis will do little to address a fundamental weakness of the industry or the broader economy, analysts say.

The Treasury Department this week will announce the names of between five and 10 fund investment firms participating in the multibillion-dollar plan, according to two industry officials who requested anonymity because they are not authorized to discuss the matter.

The plan, known as the Public-Private Investment Program, or PPIP, will leverage private capital with government subsidies so that these investment firms can buy up the soured mortgage-related assets that have clogged banks' balance sheets and made them reluctant to lend freely to businesses and consumers.

But since announcing the plan five months ago, the government has shelved part of it that would help these firms buy individual mortgages and other loans held by the banks. As a result, some analysts say its impact will be muted.

"The real hit lies in the trillions of dollars in residential home loans and commercial loans banks hold in whole-loan form on their balance sheets," said Daniel Alpert, managing director of the investment bank Westwood Capital LLC.

Fears of a deeper recession, including rising unemployment and falling home values, raise the specter of massive defaults on consumer and commercial real estate loans, analysts said.

But the securities backed by mortgages and other complex assets to be targeted by PPIP are no longer as big a threat to the banking industry's stability, Alpert and other analysts said. Ten of the nation's biggest financial companies -- including JPMorgan Chase & Co., American Express Co. and Goldman Sachs Group Inc. -- last month got the go-ahead to return $68 billion in federal bailout money, a development viewed as evidence that the financial sector was beginning to stabilize after benefiting from the government's $700 billion financial rescue fund.

Some of the PPIP managers are expected to include Blackrock Inc., Pacific Investment Management Co. and TCW Group Inc., according to the two industry officials. Billionaire investor Wilbur Ross said Tuesday on CNBC that he would use up to $1 billion to participate.

Ross said banks will never break even on many of their troubled assets, but that the government plan will get them five-to-10 percentage points closer.

The PPIP was initially expected to remove up to $1 trillion in bad assets off the banks' books. But Ross said the program likely will max out at $125 billion.

Treasury spokesman Andrew Williams declined Tuesday to confirm or comment on the $125 billion estimate. "We're committed to making this program work and we expect to announce the managers soon," he said.

Treasury is going forward with the program largely to improve confidence, said Douglas Elliott, a former investment banker now with the Brookings Institution. He expects that two-thirds of bank losses will be in categories like commercial real estate loans, commercial investment loans and credit cards.

Elliott also said there are problems in the program's design that will limit its usefulness. He said banks still want far more money for the assets than investors are willing to pay, and that the government subsidy is not enough to make up that difference.

In mid-April, Treasury announced that it was making it easier for hedge funds and other private investors to participate in the program, a move seen by analysts as an acknowledgment that investor interest had been lackluster.

A week later, JPMorgan Chase & Co. CEO Jamie Dimon said the bank did not intend to participate because it did not need to.

The Treasury Department played down the concerns, saying at the time that there would be significant interest from other banks.

Jackson memorial performers announced as LA braces

LOS ANGELES – The stage was set Monday for Michael Jackson's final act as the world capital of make-believe braced for what could be the biggest, most spectacular celebrity send-off of all time.

Ecstatic fans who won the lottery for seats at Tuesday's memorial received the tickets and spangly wristbands that will get them into the 20,000-seat Staples Center downtown. The family announced the participants will include Stevie Wonder, Mariah Carey, Usher, Lionel Richie, Kobe Bryant, Jennifer Hudson, John Mayer and Martin Luther King III.

As night fell, a local TV station reported activity at the Forest Lawn Cemetery that appeared to involve Jackson's family. That is the location where the family was expected to hold a private funeral at some point.

KCAL-TV showed helicopter footage taken at sunset Monday of a hearse backing up to a building inside the grounds. It also showed footage of a woman in sunglasses and a hat who appeared to be LaToya Jackson entering the cemetery. Representatives for the Jackson family reached Monday night did not comment.

A small handful of cars was shown coming and going from the Hall of Liberty, a circular building at the cemetery that contains a 1,200 seat auditorium.

The legal maneuvering that marked Jackson's extraordinary and troubled life also continued on Monday, with his mother losing a bid to control his enormous but tangled estate. And in one of the few reminders of Jackson's darkest hours, a New York congressman branded Jackson a "pervert" undeserving of so much attention.

More than 1.6 million people registered for free tickets to the 10 a.m. memorial, which will be broadcast live worldwide. A total of 8,750 people were chosen to receive two tickets each. The lucky ones picked up their passes Monday at Dodger Stadium amid heavy police presence.

"I got the golden ticket!" one fan screamed out of his car window in a Willy Wonka moment as he drove out of the parking lot.

"My mother loves Elvis. This is my Elvis," said ticket winner Mynor Garcia, 29.

Downtown hotels were quickly filling. Police, trying to avoid a mob scene, warned those without tickets to stay away because they would not be able to get close to the Staples Center.

British Airways reported a surge of bookings as soon as the memorial arrangements were announced. Virgin's trans-Atlantic flights to San Francisco, Las Vegas and Los Angeles were all packed with fans and VIPs, spokesman Paul Charles said.

"I think this is America's version of Princess Diana. People want to be in the vicinity. People from the UK and elsewhere want to share their emotions together," Charles said.

About 50 theaters across the country, from Los Angeles to Topeka, Kan., to Washington, D.C., were planning to broadcast the memorial live, said Cinedigm Digital Cinema Corp. spokeswoman Suzanne Moore. Admission will be free — first-come, first-served.

Jackson's friend Elizabeth Taylor will be mourning in private. She said on her Twitter feed Monday that she would not attend the memorial.

"I just don't believe that Michael would want me to share my grief with millions of others," she tweeted. "How I feel is between us. Not a public event."

In Los Angeles Superior Court, meanwhile, a judge appointed Jackson's longtime attorney and a family friend as administrators of his estate over the objections of his mother, Katherine. Attorney John Branca and music executive John McClain had been designated in Jackson's 2002 will as the people he wanted to oversee his empire.

Mrs. Jackson's attorneys expressed concerns about McClain and Branca's financial leadership.

"Frankly, Mrs. Jackson has concerns about handing over the keys to the kingdom," said one of her attorneys, John E. Schreiber.

Another one of her attorneys, Burt Levitch, told Judge Mitchell Beckloff that Branca had previously been removed from financial positions of authority by Jackson. Branca's attorney said he was rehired by Jackson on June 17, days before Jackson's death.

Branca and McClain will have to post a $1 million bond on the estate, and their authority will expire Aug. 3, when another hearing will be held.

"Mr. Branca and Mr. McClain for the next month are at the helm of the ship," the judge said.

Jackson died at age 50 with hundreds of millions in debts. But a court filing estimates his estate is worth more than $500 million. His assets are destined for a trust, with his three children, his mother and charities as beneficiaries.

On eBay, bids for memorial tickets were reaching as high as $3,000, and prices on Craigslist were in the thousands, although both sites were removing postings attempting to sell memorial tickets.

Debbie Rowe, Jackson's ex-wife and the mother of Jackson's two oldest children, had planned to attend the memorial but backed out Monday.

"The onslaught of media attention has made it clear her attendance would be an unnecessary distraction to an event that should focus exclusively on Michael's legacy," her attorney Marta Almli said in a statement. "Debbie will continue to celebrate Michael's memory privately."

In New York, Republican Rep. Peter King released a YouTube video calling Jackson, who was acquitted of child molestation charges, a "pervert" and a "low-life."

But the memories of Jackson's problems were far from the minds of fans preparing to say goodbye.

"It's the passing of a great soul," said Matt Tyson, 31, of Ojai, Calif. "He brought people together, helped express something that's in us all."

In a symbolic convergence of events, however, the circus will be there.

Ringling Brothers and Barnum & Bailey starts a run at Staples Center on Wednesday. In the predawn hours before Jackson's memorial, the elephants will walk from the train station to the arena.