28 Oct
2019

a month agoWatford keeper Foster admits ‘shock, embarrassment’ after Man City thrashing

first_imgWatford keeper Foster admits ‘shock, embarrassment’ after Man City thrashingby Paul Vegasa month agoSend to a friendShare the loveWatford goalkeeper Ben Foster admits Manchester City are the best team he’s faced after conceding eight goals yesterday.Speaking after the match, Foster conceded his side were far from their best, but said at times he could only stand and admire the way City were playing during the thrashing.”It’s probably a bit of shock, embarrassment,” said the goalkeeper when asked to describe his emotions.”I think we let ourselves down today and the fans a bit. The fans were giving it everything, all they’ve got, unfortunately we on the pitch didn’t give it all we have got.”As a keeper coming to City and Liverpool, if you let five in in 20 minutes you fear the worst, you think cricket scores. They are without doubt the best team I have ever played against. We were poor, didn’t lay a glove on them but at times it was breathtaking watching them.”You come away to City and I’m not joking, you come here and think if you keep it to two or three – they are so good. Them and Liverpool are a different level.” About the authorPaul VegasShare the loveHave your saylast_img read more

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23 Oct
2019

CSP Starts Building Container Terminal at Khalifa Port

first_imgzoom China-based Cosco Shipping Ports (CSP) and port developer and operator Abu Dhabi Ports held a ground-breaking ceremony for the CSP Abu Dhabi Container Terminal at Khalifa Port on November 5.The terminal is located along the ‘Silk Road Economic Belt and the 21st Century Maritime Silk Road’ and the shipping hub of West Asia region.The parties informed that the construction and development of the terminal is expected to last some 18 months, while the operations are scheduled to start in the first quarter of 2019.In September 2016, Abu Dhabi Ports awarded a 35-year concession to Cosco Shipping Ports under which the company is to build and operate the container terminal at Khalifa Port.With an annual designed capacity of about 2.5 million TEU and backed by the large shipping fleets of Cosco Shipping, CSP Abu Dhabi Terminal “will be well placed to be a shipping hub for major international shipping companies in the Upper Gulf Region.”Image Courtesy: Cosco Shipping PortsDuring the event, the parties also signed a new agreement for the development of the largest container freight station (CFS) in the region, according to Abu Dhabi Ports.“The partnership between Abu Dhabi Ports and COSCO SHIPPING Ports to develop the region’s largest container freight station will add a new dimension to UAE/China trade relations and is fully aligned with Abu Dhabi’s Vision 2030 to drive growth, attract investment, support economic diversification and create sustainable jobs,” Ahmed Al Jaber, Minister of State and Chairman of Abu Dhabi Ports, said.“The signing of the agreement on CSP Abu Dhabi CFS project will further strengthen the services of the terminal and enhance the trade cooperation between the two countries,” Xu Lirong, Chairman of Cosco Shipping, said.last_img read more

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13 Oct
2019

Trump defends tax plan proclaims economy set to rock

first_imgWASHINGTON – Closing in on the first major legislative achievement of his term, President Donald Trump on Saturday defended the Republican tax cut as a good deal for the middle class while boldly suggesting it could lead to explosive economic growth.The legislation, which the GOP aims to muscle through Congress next week, would lower taxes on the richest Americans. Benefits for most other taxpayers would be smaller, but Trump attempted to sell the bill as a “Christmas present” for middle-class Americans in part because it would trigger job growth.“It’ll be fantastic for the middle-income people and for jobs, most of all,” Trump told reporters on the White House lawn before travelling to Camp David for the weekend. “And I will say that because of what we’ve done with regulation and other things our economy is doing fantastically well, but it has another big step to go and it can’t take that step unless we do the tax bill.”No stranger to hyperbole, Trump also predicted the legislation would cause the economy to soar beyond its current 3 per cent rate of growth.“I think we could go to 4, 5 or even 6 per cent, ultimately,” the president said. “We are back. We are really going to start to rock.”Many economists believe that attaining consistent 4 or 5 per cent annual growth would be challenging. The nation last topped 5 per cent growth in 1984.The Republican plan is the widest-ranging reshaping of the tax code in three decades and is expected to add to the nation’s $20 trillion debt. The tax cuts are projected to add $1.46 trillion over a decade.Under the bill, today’s 35 per cent rate on corporations would fall to 21 per cent, the crown jewel of the measure for many Republicans. Trump and GOP leaders had set 20 per cent as their goal but added a point to free money for other tax cuts that won over wavering lawmakers in final talks.“This is happening. Tax reform under Republican control of Washington is happening,” House Speaker Paul Ryan of Wisconsin told rank-and-file members in a conference call Friday. “Most critics out there didn’t think it could happen. … And now we’re on the doorstep of something truly historic.”The bill would repeal an important part of President Barack Obama’s Affordable Care Act — the requirement that all Americans have health insurance or face a penalty — as the GOP looks to unravel a law it failed to repeal and replace this past summer. It came together as Republicans cemented the needed support for the overhaul, securing endorsements from wavering senators.Marco Rubio of Florida relented in his high-profile opposition after negotiators expanded the tax credit that parents can claim for their children. He said he would vote for the measure next week.Sen. Bob Corker of Tennessee, the only Republican to vote against the Senate version earlier this month, made the surprise announcement that he would back the legislation. Corker, the chairman of the Senate Foreign Relations Committee, has repeatedly warned that the nation’s growing debt is the most serious threat to national security.“I realize this is a bet on our country’s enterprising spirit, and that is a bet I am willing to make,” Corker said.The bill embodies a long-standing Republican philosophy that a substantial tax break for businesses will trigger economic growth and job creation for Americans in a trickle-down economy. Skeptical Democrats are likely to oppose the legislation unanimously.“Under this bill, the working class, middle class and upper middle class get skewered while the rich and wealthy corporations make out like bandits,” said Senate Minority Leader Chuck Schumer of New York. “It is just the opposite of what America needs, and Republicans will rue the day they pass this.”The bill would drop today’s 39.6 per cent top rate on individuals to 37 per cent. The standard deduction — used by around two-thirds of households — would be nearly doubled, to $24,000 for married couples.The $1,000-per-child tax deduction would grow to $2,000, with up to $1,400 available in IRS refunds for families who owe little or no taxes. Parents would have to provide children’s Social Security numbers to receive the child tax credit, a measure intended to deny the credit to people who are in the U.S. illegally.Those who itemize would lose some deductions. The deduction that millions use in connection with state and local income, property and sales taxes would be capped at $10,000. That’s especially important to residents of high-tax states such as New York, New Jersey and California. Deductions for medical expenses that lawmakers once considered eliminating would be retained.The bill would allow homeowners to deduct interest only on the first $750,000 of a new mortgage, down from the current limit of $1 million.People who inherit fortunes would get a big break. The bill would double the exemption, meaning the estate tax would apply only to the portion of an estate over $22 million for married couples.Members of a House-Senate conference committee signed the final version of the legislation Friday, sending it to the two chambers for final passage next week.Republicans hold a slim 52-48 majority in the Senate, and two ailing GOP senators missed votes this past week.John McCain of Arizona, who is 81, is at a Washington-area military hospital being treated for the side effects of brain cancer treatment, and 80-year-old Thad Cochran of Mississippi had a non-melanoma lesion removed from his nose earlier this week. GOP leaders are hopeful they will be available next week.___Associated Press writer Marcy Gordon contributed to this report.___Follow Lemire on Twitter at http://twitter.com/@JonLemire and Ohlemacher? at http://twitter.com/@stephenataplast_img read more

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12 Oct
2019

Housing sales down 5 in JanMar 2019 on changes in GST rates

first_imgNew Delhi: Housing sales dipped by 5 per cent to 75,706 units in nine major cities during January-March period because of transition in GST rates, according to a report by property brokerage firm PropTiger. The company, which is part of News Corp-backed Elara Technologies that also owns Housing.com and Makaan.com, Monday released its ‘Real Insight Report’ for Q4 2018-19 that tracks housing sales and new launches in nine major cities — Bengaluru, Kolkata, Mumbai, Chennai, Hyderabad, Pune, Ahmedabad, Gurugram and Noida. Also Read – Commercial vehicle sales to remain subdued in current fiscal: Icra”Housing sales in India’s nine key property markets declined 5 per cent year-on-year (y-o-y) and new project launches fell 32 per cent annually during Q4 2018-19,” the report said, adding that the unsold housing stock numbers declined by 10 per cent. PropTiger attributed the decline in home sales numbers to changes in the Goods and Services Tax (GST) transition rules. In contrast to PropTiger report, real estate consultant Anarock recently said housing sales rose by 58 per cent to 78,520 units in seven major cities during January- March period of 2019. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 daysData analytics firm PropEquity said sales saw a 5 per cent rise at 56,146 units during January-March 2019 over the year-ago quarter in the nine major cities. As per the PropTiger data, housing sales rose maximum in Hyderabad by 26 per cent at 7,059 units in the January-March quarter of 2019 from 5,618 units in the year-ago period. Gurugram witnessed 10 per cent rise in sales at 5,764 units from 5,220 units in the corresponding period of the previous year. Sales in Kolkata were up by 8 per cent at 3,623 units. Pune saw 5 per cent rise in sales at 14,348 units from 13,712 units during the period under the review, while Mumbai reported 4 per cent increase in sales at 23,718 units. However, housing sales declined by 23 per cent in Bengaluru to 8,402 units. Chennai, too, witnessed 13 per cent dip in sales at 4,197 units. Ahmedabad reported 10 per cent dip in sales at 4,739 units. The maximum fall in was in Noida, with sales dropping by 50 per cent at 3,856 units. “While there might not be any significant improvement in new launch and home sales numbers in the first quarter of 2019-20, things may start to change after the results of the Lok Sabha elections are announced. “In fact, as more clarity emerges pertaining to GST issues, these numbers might see improvement in the quarters that follow. Property rates would also see an upwards movement in the times to come,” Elara Technologies Group Chief Operating Officer Mani Rangarajan said. In late February, the GST Council decided to cut GST rate on affordable homes to 1 per cent from earlier 8 per cent. The GST on under-construction flats, which are not under the affordable housing segment, was reduced to 5 per cent from 12 per cent earlier. The new GST rates were made effective from April 1. The developers were also denied input tax credit.last_img read more

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9 Aug
2019

Rep Noble backs bill for better student loan reporting

first_img30Nov Rep. Noble backs bill for better student loan reporting Categories: News,Noble News State Rep. Jeff Noble voted this week to require state colleges to provide annual updates to students on their federal student loan status to better manage their debt.“Our college graduates should not have to spend the first 20 years of their careers paying for their education,” said Noble, of Plymouth. “Giving students an annual update on their loans will go a long way toward making smart financial decisions during college and success after getting their degree.”The legislation calls for students to receive:Estimates of monthly repayment amounts, based on current projections.Access to student loan counseling services available through each college.Information on employment opportunities available in a student’s chosen course of study.Estimated national student debt has reached $1.4 trillion with average loans at Michigan universities increasing by approximately $10,000 over the past 10 years.“It’s very concerning to me that 63 percent of Michigan’s college graduates have student debt,” Noble said. “Armed with the information about their debts from the colleges, students will be able to better plan for their futures.”#####last_img read more

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7 Aug
2019

Ericsson is set to acquire the broadcast services

first_imgEricsson is set to acquire the broadcast services division of Technicolor.Ericsson has submitted a binding offer of €19 million and a potential earn-out based on 2015 revenues of the division’s activity of up to €9 million. The company said the acquisition would boost its broadcast operations in terms of the number of channels managed and households reached.“As the TV industry is undergoing fundamental changes with the transition to multi-platform, on-demand television, teaming up with a trusted partner enables broadcasters to meet the increasing commercial and technological complexity and competition in the TV market,” said Magnus Mandersson, executive vice-president and head of business unit global services, Ericsson. “We combine our service and technology leadership with strategic investments in playout operations, broadcast capability and competence.”The closing of the acquisition is subject to relevant customary regulatory administrative approvals and consultations.last_img read more

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4 Aug
2019

In This Issue ECB keeps rates unchanged Euro

first_imgIn This Issue.*ECB keeps rates unchanged. *Euro and Gold rally! *FOMC has “other policy moves”? *India joins other Asian currency moves higher.And, Now, Today’s Pfennig For Your Thoughts!A Jobs Jamboree Friday!Good day.  And a Happy Friday to one and all! How about that win for our Rams on national television last night? WOW!  This is the first time in over 8 years, that we have a winning record (3-2) at any point of the season! So, you can understand my excitement a little, hopefully. Otherwise, you’re stamping your foot and saying, Come on Chuck, get on with this letter!Well. today’s the day the markets have been waiting for. the U.S. non-farm employment data, or, as I’ve always called it. The Jobs Jamboree!  I saw earlier in the week that the “experts” were forecasting an increase of jobs created in September of 115,000.  And then after the ADP report printed their version and showed that the believed that 162,000 jobs were created, the “experts, changed their call to 125,000. When will they ever learn? The ADP hasn’t given us a good indication of the non-farm number since its introduction.  So, given this information, I’ll have to change my earlier thought that 125,000 jobs were created and say, that only 105,000 were created.No matter the number, 115,000, 125,000 or whatever, it’s not enough! Yes, it’s better than job losses, but, we can’t grow our economy with less than about 250,000 per month. One of the key things to look for each month has become the data that reports the number of people that have stopped looking for work, thus in the Gov’t’s infinite wisdom (NOT!) they say they no longer count as unemployed.  So, the unemployment rate drops, and the Gov’t throws a party to celebrate, when in reality, it’s all smoke and mirrors.Long time readers know that I prefer to look at the Avg Hourly Earnings and Avg Weekly Hours Worked components of the Jobs Jamboree.  And here’s where we can really learn stuff, for what good does 115,000 new jobs do if they are min. wage jobs with little benefits?  I know, it’s better than standing in the unemployment line, but maybe it isn’t.  Think about that. a person’s pride has to come in there somewhere, right?   OK. so, this wage stuff is where I see a real problem for the U.S. workers. Wages have been pretty stagnant for a number of years now.  for instance year-on-year we’ll see an increase in wages of 1.8%…  That’s not going to keep up with inflation, folks.OK. So, I spent quite a bit of time on the Jobs Jamboree this morning. Let’s take a look at the currencies.  Yesterday, I told you about the mini-rally that the euro was trading in. Well, that mini-rally lasted throughout the day, and by the time I left for home, which is much earlier in the day than I used to leave, the euro had rallied back to 1.30.  And Gold had added to its $10 gain in the morning to reach its highest level of 2012 at $1,792.This morning, the euro is still trading a bit above 1.30, but Gold has backed off $1,792, but just by a couple of dollars.  Speaking of that high for the year in Gold, last year I did some research and presented it to you all, that showed how Gold’s low level for each year had been its price in January.  Well, that pattern is holding true again this year. yes, there are 3 months left, but once Gold hits the psychological level of $1,800, all heck could break loose. I read some research yesterday on this, and the charts show that a break above $1,800 could establish a new trading range, forming a base for Gold to test the previous highs.  WOW! That’s pretty bullish. and actually has something behind it rather than the reports from the Big Banks that say they see Gold at “X”.The European Central Bank (ECB) and the Bank of England (BOE) both kept their rates unchanged and didn’t announce any new plans yesterday.  Recall I said that the ECB had the scope to cut rates, but I think ECB President, Mario Draghi, is waiting for Spain to request Eurozone assistance before he uses one of the last arrows in his quiver.  And I find that to be a good strategy.So, the markets rewarded the euro for the non-rate cut move. That’s different than I thought they would go with the news, so once again the markets have changed horses in the middle of the stream.  This morning, German Factory Orders were weaker than expected, and that caused a little slippage in the euro, but not much, as everyone is focused on the Jobs Jamboree in the U.S. this morning.Did you see the color of the U.S. Factory Orders for August?  Well, in case your local or national cable news outlet didn’t bring this to your attention, U.S. Factory Orders in August fell -5.9% !  That’s awful folks. no wonder jobs in August were only up 96,000 (with 87,000 added by the BLS from the Birth / Death model)  It’s too bad this data isn’t more up to date, so we could see if this data rebounded or not in September. I have the feeling it didn’t, but. you never know who’s cooking the books!The Fed’s meeting minutes from their meeting in September printed yesterday.  All but one member voted for the new round of Quantitative Easing (QE).  The actions taken by the FOMC in September were fairly aggressive and the Fed noted that if the outlook for the labor market “does not improve substantially”, they stand ready to undertake further QE or “employ its other policy tools” until such an improvement is achieved.  Hmmm. wonder what those “other policy tools are”?  I’m of the opinion that QE is the last chance saloon for central bank policy tools. So, now I’m intrigued as to what those “other policy tools” could be.  Well, not to be gloom and doom, but it’s my opinion that we’re going to get to see the Fed Heads implement those “other policy tools” whatever they might be!The Commodity Currencies rebounded with the euro yesterday. These currencies that include: The Aussie dollar (A$), Canadian dollar / loonie, and New Zealand dollar / kiwi, had been pushed back earlier this week when the weaker than expected Chinese Manufacturing data printed. But they are rallying this morning, and that always does my heart some good to see these currencies rally, for when they do, the risk taking is back, and the optimism for global growth has returned.So. which way does the dollar move today, after the Jobs data prints? Well, since the markets changed horses in the middle of the stream on us in the Eurozone, they will probably do so here to. So, I think we’ll get back to conventional thinking here, and if the data is better than expected (125,000) the dollar will be rewarded, and sold if the data is weaker than expected. Since I think the data will be weaker than expected, I’m looking for the currencies to rally further today.  Of course that will all be thrown out the window, should the data come in stronger than expected, which you can’t rule out, given the BLS’s propensity to make adjustments to the numbers.Don’t know if you’ve been charting the currencies in the currency round-up each day, or weekly, etc. but, if you have, you’ve probably noticed the gains in the Indian rupee this past week. Yes, we’ve seen these strong moves in the rupee before only to see them wiped out.  This move doesn’t really have legs to run on  yet, as it is moving higher on the flow of funds into India. Apparently, foreign flows into the Indian stock market have been very large, as investors around the world look for bargains and yield. We all know these flows can be reversed in a heartbeat, so be careful here.The Asian currencies as a whole though are looking pretty good these days, and with things in the Eurozone calming down a bit for now, these currencies are recovering nicely.Then There Was This. All this week I’ve harped on and on about price manipulation in Gold & Silver. a reader sent me this story that had some great data and facts that back up what I’ve been saying. from wealthcycles.com.  “Many know that as part of the Dodd-Frank Act, Congress directed the CFTC (Commodity Futures Trading Commission) to impose limits on speculative positions in physical commodity futures and related contracts. This means silver and gold shorting may become more difficult.One reason this rule change is important is that institutional traders that hold large positions in commodities futures in some cases have the ability to skew the markets. For example, in a relatively small market such as silver futures, large short positions can have the effect of artificially suppressing prices. Currently JPMorgan Chase, which inherited a large short position in silver futures when it bought Bear Stearns in 2008, is believed to control about 35% of silver futures contracts–a large enough position to hold considerable sway over market prices. The Dodd-Frank rule change was intended to limit gold and silver futures positions held by a single investor to no more than 10% of the market.”Chuck again. Too bad a U.S. district judge in Washington sided with the big banks to prevent the position limits from coming into effect.  The CFTC had received 15,000 letters that “generally were supportive of the proposal”  So once again, the will of We The People has been pushed aside. shame, shame, shame.To recap. It’s a Jobs Jamboree Friday, and the day the markets have waited all week for. The experts have upped their forecast based on the ADP number from Wednesday, to +125,000. Chuck thinks it will be 105,000. The mini-rally in the euro yesterday, carried the single unit to just above 1.30, where it has stayed overnight and through the morning. The ECB left rates unchanged, thus giving the euro some help in the rally yesterday.  The Commodity Currencies have rebounded a bit, and the Asian Currencies are stronger.  Gold reached its high level for 2012 yesterday at $1,792.Currencies today 10/5/12. American Style: A$ $1.0245, kiwi .8240, C$ $1.0195, euro 1.3010, sterling 1.6185, Swiss $1.0735, . European Style: rand 8.6075, krone 5.6785, SEK 6.59, forint 217.30, zloty 3.1310, koruna 19.1305, RUB 30.98, yen 78.50, sing 1.2265, HKD 7.7535, INR 51.85, China 6.3230, pesos 12.75, BRL 2.0185, Dollar Index 79.38, Oil $91, 10-year 1.67%, Silver $34.94 and Gold. $1,791.45 and our usual Friday tradition is to take a peek at the U.S. Debt Clock by clicking here.That’s it for today..  Well, Baseball’s version of made for TV games, will take place today. I’m not a fan of this 1-game play-in game, but it what it is, and the Cardinals are playing so I’ll be glued to the TV in hopes of a victory!  That was some game by our Rams last night. and to beat the team that left us in 1989 ( I think) was sweet!  Rams last night, Cardinals tonight, and my beloved Missouri Tigers Saturday night, WOW! For those of you keeping score at home, I’m feeling pretty good these days, the infection in my leg is still there, and reminds me of that throughout the day, but it’s much better. the tumor in my mouth continues to shrink. YAHOO, I’m hoping the “magic pills” that my friend Ed calls them, are having the same effect on the tumor in my chest! So, there you go! And looky there, it’s time to go! I hope this turns into a Fantastico Friday, don’t you?  Let’s go make this a Fantastico Friday!Chuck Butler President EverBank World Markets 1-800-926-4922 www.everbank.comlast_img read more

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4 Aug
2019

How to Get Rich Surely The strategy I recommend

first_img How to Get Rich Surely The strategy I recommend is faster and more fun than scrimping and saving and much, much more likely to work than any sort of get-rich-quick scheme. I’d like to illustrate my strategy by telling you how I did once make more than a million dollars in the lottery—without buying a single ticket. In the 1980s, my business partner had an idea. We would publish a magazine featuring stories of lottery winners and essays by crazy professors with theories about how to beat the odds. At one time, we had 100,000 subscribers paying us $39 per year. You can do the math. It didn’t happen overnight. It took years and thousands of man-hours to make it work. It was the result of a good idea, lots of experience, and lots of hard work. And perhaps a touch of luck. This is how you get rich surely. You don’t sit around dreaming or throwing what little money you have at ideas. You work hard and smart to earn good money, and you put a large percentage of that money aside to build a business, acquire property, and invest in smart and safe opportunities when they arrive. This is the way the great industrialists made their fortunes 100-plus years ago in America. And it is the way many entrepreneurs and professionals make their money today. When I wrote Seven Years to Seven Figures, I interviewed eight people who had developed multimillion-dollar wealth in under seven years. I asked them exactly what they did. Ultimately, I was searching for a common denominator. As it turned out, I came up with three things that they had in common. They had all: 1. Learned a financially valuable skill 2. Started a business in an up-trending market niche 3. Spent considerably less than they made and saved the difference This validates what experience tells me: if you are willing to put in the time and follow proven principles of wealth-building, you can become wealthy in a relatively short amount of time—even if you are broke or in debt right now. Fortune magazine predicts that 1,700 people will become millionaires each day into the 2020s. If you get rich surely, the way I suggest, I think you could be one of them. Regards, Mark Ford P.S. Over the last five years, I’ve worked with a team of bright people to develop essays, reports, and how-to manuals on building wealth surely. They’re based on my own personal experience doing these things myself or coaching others through them. I can promise you this: It doesn’t matter whether you’re 60 years old or a youngster, rich or poor, Harvard educated or a high school dropout, handicapped or able-bodied—this program is the best in the world if you want to build a seven-figure net worth in the next seven years. For more information, click here. Recommended Links — – [Profit Alert] Investors could turn $10,000 into $125,200 in just 2 years An amazing new technology could make a lot of investors quite rich. Microsoft, CNN, Google, Facebook, Wal-Mart, and even the U.S. Post Office are either using it already, or planning to. Click here to learn how you could capture a 1,152% gain in just 2 years. [ENDS SOON] Get Free Gifts Worth $188.97 This award-winning luxury-curated gift set makes a perfect holiday present for the hard-to-shop-for son, father, or husband. For a limited time, get $188.97 worth of free accessories plus an extra-long 100%-money-back return policy. Get yours before they sell out. Editor’s note: Today, we’re featuring a powerful essay from our good friend Mark Ford. Mark has built dozens of businesses from scratch…creating millions of dollars of wealth in the process. He knows more about building wealth than just about anyone. In this classic piece, he describes the three ways to get rich… Is it possible to begin with nothing and acquire wealth in America? Is it still possible today? I’ve been studying that question for almost 20 years. And the answer is unequivocal: It is. It is still possible for ordinary, wage-earning Americans to become wealthy. From my research, I have seen that there are basically three ways to get rich: 1. Slowly (in 30 to 40 years) 2. Quickly (overnight) 3. Surely (in seven years or less) How to Get Rich Slowly The Millionaire Next Door, a best-selling book from 1996, revealed that the typical American millionaire acquires their fortunes by scrimping and saving. Just about anyone can get rich this way. You simply put a reasonable percentage of your income into an ordinary investment program for 30 or 40 years, and voila! You are rich! The median income in America was $56,516 in 2015. If you invest 10% of that income ($5,652) at a compounded return of 10.2% (the S&P 500’s track record from 1915–2015) over 30 years, you’ll end up with over $1,000,000. This is due to the “miracle” of compound interest, but it is in no way miraculous. It is a certainty based on historical averages and simple math. But there is a hitch. You have to start relatively young. If you start, for example, when you are 50, you will have only $206,712 accumulated by the time you are 65. If you start when you are 60, well… You get the picture. Getting rich this way doesn’t require guts or brains. All you need is a commitment to work hard to make enough money to save every month… and the discipline to keep socking it away. How to Get Rich Quickly Acquiring wealth by scrimping and saving is a sure thing, but it does take a long, long time. Even if we have the time, most of us don’t have the patience for it. But getting rich quickly—the ultimate financial aphrodisiac. Is it possible? The answer: yes, but only if you are very, very lucky. We read and hear about it all the time. A chicken farmer in Idaho discovers a Rembrandt in his barn. A barber in New Jersey hits the state lotto. And the one I like best—some guy made a million bucks by investing $5,000 in a penny stock! Those are the stories. But the odds of any of these things happening to you are incredibly slim. I don’t gamble because I know there are many other ways of entertaining myself that are less addictive and less costly.last_img read more

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29 Jul
2019

Yahoo Mail App Gets New Features to Help Users Identify Callers

first_img(Image Credit: Android Central) Advertisement Sunnyvale-based internet firm, Yahoo Inc. has launched Caller ID and photo upload features for its ‘Yahoo Mail app’ that will help users identify a caller from their email contact list and also access their phone camera roll on a desktop.The new Caller ID feature will show a user who is calling even if the number is not saved in your phonebook because Yahoo Mail uses contact information from emails, the company said in a statement.As soon as a user contacts you, the contact’s name will surface with the call and Yahoo Mail will update names in your call history or when you dial. – Advertisement – To enable this feature, simply go to Settings, then Phone, forward to “Call Blocking and Identification”, toggle the switch for Yahoo Mail and save the settings.Once the new photo upload feature is enabled, your recent camera roll photos will be instantly available when accessing your Yahoo Mail account on desktop.To enable this feature user’s need to open the Yahoo Mail app on iOS or Android, go to Settings, then, Photo upload and tap the “Upload photos” toggle.The new features are now available and users can update Yahoo Mail app in the App Store (iOS 4.13) and Google Play (Android 5.13).Source: Gadgets Nowlast_img read more

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22 Jul
2019

How The Medicaid Expansion Is Playing In Certain States

first_imgIn New Jersey, advocates are making a case for the state to pursue this part of the health law, but  Wisconsin’s governor is pointing to its complexity as an argument against it. The Washington state legislature is also giving an expansion a long look.The Wall Street Journal: Questions Remain On Expanded MedicaidAdvocates for the poor are making their case that New Jersey should expand the ranks of people eligible for Medicaid in what could be the next big decision on how the federal health insurance overhaul plays out in New Jersey. They say it will save state taxpayers money and give far more low-income people health coverage. But doctors are apprehensive, and hospitals aren’t pushing hard for the change, which some anti-big-government groups oppose deeply (1/28).Milwaukee Journal Sentinel: State Could Save Money By Not Expanding Medicaid ProgramThe complexity of the Affordable Care Act could give Gov. Scott Walker a strong incentive to not expand the state’s Medicaid program. Under one scenario, not expanding the program would save the state money immediately and even more money in future years. But it would leave tens of thousands of people in the state ineligible for coverage. And because of a quirk in the law, it could increase costs for some Wisconsin businesses. Not expanding the Medicaid program would give the state the option of not covering adults with household incomes above 100% of the federal poverty threshold – $23,050 for a family of four this year. Instead, they would be eligible for federal subsidies to buy commercial health insurance through online marketplaces known as exchanges. In contrast, only adults with incomes above 138% of the federal poverty level would be eligible for federal subsidies to buy insurance if the state expands its Medicaid program (Boulton, 1/26). Seattle Times: State Legislators Study Expanding MedicaidWashington state officials are moving ahead quickly to set up a new health-insurance marketplace where the uninsured can start buying health plans later this year. But one other major element of Obamacare — the expansion of Medicaid to cover more of the state’s poorest people — is getting a close look in the Legislature (Shannon, 1/27). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. How The Medicaid Expansion Is Playing In Certain Stateslast_img read more

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18 Jul
2019

Scientific evidence for and against causal associations for 47 adverse effects after

first_imgReviewed by James Ives, M.Psych. (Editor)Apr 29 2019A new systematic review provides a succinct summary of the scientific evidence for and/or against causal associations for 47 adverse events following immunization (AEFI). Findings from the study will be presented during the Pediatric Academic Societies (PAS) 2019 Meeting, taking place on April 24 – May 1 in Baltimore.”Health care providers desire objective and clear information on a broad range of vaccine safety issues to assist them in answering patient questions,” said Matthew Dudley, PhD, MSPH, one of the authors of the study. “There have been no recent comprehensive reviews on AEFI, and previous reviews were not written for providers or the public. This systematic review provides an update to the scientific evidence assessing possible causal associations of AEFI compiled in the 2012 report from the Institute of Medicine (IOM) and the 2014 report from the Agency for Healthcare Research and Quality (AHRQ), along with clear causality conclusions intended for health care providers.”Related StoriesAMSBIO offers new, best-in-class CAR-T cell range for research and immunotherapyComputer-generated flu vaccine enters clinical trials in the USNew shingles vaccine reduces outbreaks of painful rash among stem cell transplant patientsThe review found that for 12 of the 47 AEFI studied, a causal relationship has been established with at least one vaccine currently routinely recommended to the general population in the U.S. These 12 confirmed adverse reactions are: anaphylaxis, arthralgia/arthritis (mild, acute and transient, not chronic), deltoid bursitis (when vaccine is administered improperly), disseminated varicella infection (in immune deficient individuals for whom the varicella vaccine is contraindicated), encephalitis, febrile seizures, Guillain-Barré Syndrome, hepatitis (in immune deficient individuals for whom the varicella vaccine is contraindicated), herpes zoster, immune thrombocytopenic purpura, meningitis and syncope. Most of these adverse reactions are rare.For the other 35 AEFIs, the evidence does not support a causal relationship with vaccines recommended for routine use in the U.S. In particular, the evidence shows a clear lack of association between certain vaccines and AEFIs: influenza vaccines do not cause asthma, childhood vaccines do not cause autism, vaccines do not cause diabetes, vaccines given to immunocompetent persons do not cause hepatitis, influenza vaccines do not cause MS in adults, and DTP and hepatitis B vaccines do not cause Sudden Infant Death Syndrome (SIDS).Dr. Dudley added, “Although vaccines currently recommended for the general population in the U.S. do cause some adverse reactions, vaccines have an excellent safety profile overall and provide protection against infectious diseases to individuals and the general population.”Source: https://2019.pas-meeting.org/last_img read more

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18 Jul
2019

Chinas Tencent draws 41 bn orders for 5 bn bond sale

The group, known for its wildly popular “Honour of Kings” video game and ubiquitous WeChat social media platform, Thursday offered four tranches with maturities ranging from five to 20 years, according to the financial news agency.Tencent refused to comment when contacted by AFP.In a sign of the appetite for the Chinese giant’s debt, the offer—which was primarily aimed at US investors—drew orders totalling more than $41 billion, Bloomberg said, citing a source close to the transaction.Tencent’s last bond issue raised $2.5 billion in 2015. Its e-book arm China Literature raised $1.1 billion for a Hong Kong listing in November 2017.The new deal is similar to one in November by Chinese e-commerce giant Alibaba, which raised $7 billion in an issue reserved for US institutional investors.Tencent is pushing to build up its entertainment and gaming businesses and has signalled plans to extend a gaming empire built around WeChat by buying studios and pushing into content creation.It also has made no secret of its ambition to diversify and for international expansion.In the United States, the group has already invested in Snapchat and electric car manufacturer Tesla.Tencent also recently entered into a cross-shareholding agreement with Sweden’s Spotify, the world’s largest music streaming company. Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than $41 billion for its biggest dollar-denominated sale so far, Bloomberg reported Friday. Tencent is pushing to build up its entertainment and gaming businesses © 2018 AFP Explore further Citation: China’s Tencent draws $41 bn orders for $5 bn bond sale (2018, January 12) retrieved 18 July 2019 from https://phys.org/news/2018-01-china-tencent-bn-bond-sale.html China’s answer to Kindle raises $1.1 bn for Hong Kong listing This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more

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17 Jul
2019

Saurashtra Oil Mills body seeks formation of groundnut promotion councilSaurashtra Oil Mills

first_imgSHARE SHARE EMAIL SHARE Groundnut oil trade body, Saurashtra Oil Mills Association (SOMA) is working in association with Indian Council for Agricultural Research (ICAR) to create a scientific case to popularise groundnut consumption in the country. The trade body has also demanded a formation of a groundnut promotion council seeking government support for spreading awareness about the uses of the processed groundnut in various forms such as peanut butter, table-top nuts besides edible oil. “It is heartening to note that after years of decline in groundnut consumption, for past two years, we are seeing revived interest in farmers to cultivate groundnut. Which has increased the availability of the seed and revived the value-chain which includes processors,” said Samir Shah, President of SOMA.Aimed at creating a case for a dedicated promotion council for groundnut, SOMA is working in coordination with ICAR to identify health benefits and nutritional advantages of groundnut in variety of forms. “We are asked to submit our documents and findings about groundnut to ICAR, who will conduct research to support our claim. Post that a report will be submitted to the Centre,” said Shah adding that the entire process may take about 2-3 months. “A dedicated promotion council for groundnut is extremely necessary considering the high dependence on imports to meet our edible oil requirements. Also, it will clear the air about several misconceptions about groundnut and its nutritional value,” Shah said. Gujarat witnessed bumper crop of 32 lakh tonnes of the oilseed in 2017-18 kharif season, against 29 lakh tonnes in the previous season. Takes support from ICAR to identify health and nutritional benefits of the oilseed Published on COMMENT oilseeds and edible oil July 02, 2018 COMMENTSlast_img read more

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17 Jul
2019

IT raids on TDP MP C M Rameshs houses in AP and

first_imgSHARE Published on income tax Properties of C M Ramesh, Member of Parliament in the Rajya Sabha and Telugu Desam party leader, was raided by Income Tax officials on Friday morning. Search operations were conducted at his houses in Kadapa district, Andhra Pradesh and in Hyderabad. Operations were also conducted at his company’s premises in Hyderabad. Confirming the I-T raids, the MP said it was noting but “a political, vindictive move” by the Modi government as his party left the NDA alliance. “As a TDP Rajya Sabha member and leader, I am also in the forefront fighting for the rights of the people of the State, especially in the matter of setting up a steel plant in my district, Kadapa. That is why I am being targeted,” he said.He said he had nothing to hide or fear and that he would not be cowed down by such intimidation tactics. The MP, presently in New Delhi, said, “The I-T officials have called me and I have told them that I have no objection, but the due procedure should be followed, especially in Telangana.” He said that he had no faith in officials from Telangana and wanted independent witnesses to be present. The TDP MP alleged that the BJP and YSR Congress had secretly joined hands in the state and “during the past few days some of the YSR Congress leaders are openly bragging on Telugu TV channels that my houses would be raided. It is noting but political vendetta.”Ramesh is also a member of the PAC. October 12, 2018center_img COMMENT SHARE SHARE EMAIL COMMENTSlast_img read more

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