Thought For The Day


Comments

Post a Comment

Popular posts from this blog

Inequality and the Poverty of Economics

The Journal of Economic Perspectives is an academic journal that summarizes the state of research in various fields of Economics.  Perusing this journal shows the extreme political bias of much of modern day economic research.  The Summer 2013 issue was devoted to "income inequality."  The main theme was that rich folks are getting richer, but, of course, the facts actually show just the opposite.  Not deterred by the facts, the various economists that opine in this edition blithely parrot absurdities such as wealthholders ability to "sustain their preeminence. What is the analysis?  Imagine that you wanted to know if baseball teams created dynasties and "perpetuate" their dominance of baseball.  What facts would you want to assemble to prove this? Here's the way economists think:  collect data that shows that back in the old days, the baseball teams that won the pennant won 65 percent of their games each year.  Then show that, today, the teams th...
Read more

New Fund: CIMB Islamic Al-Azzam Equity Fund

Image
Launched on the same day with AmMutual new fund, the CIMB Islamic Al-Azzam Equity Fund is an open-ended fund that aims to achieve consistent capital growth over the medium to  long term. The asset allocation strategy for this Fund is as follows:  between 70% to 98% (both inclusive) of the Fund’s NAV will be invested in Shariah-compliant Malaysian equities; and  up to 30% of the Fund’s NAV in other Shariah-compliant investments and Shariah-compliant liquid assets, with at least 2% of the Fund’s NAV to be maintained in Shariah-compliant liquid assets. For this Fund, the investment into Sukuk must satisfy a minimum credit rating of “A3” or “P2” by RAM or equivalent rating by MARC; “BBB” by S&P or equivalent rating by Moody’s or Fitch. In line with its objective, the investment  strategy and policy of the Fund is to rebalance the portfolio to suit market conditions in order to reduce short-term volatility and provide consistency in capital gro...
Read more

Remembering Bukit Merah

Image
Mitsubishi Quietly Cleans Up Its Former Refinery Rahman Roslan for The New York Times Lai Kwan prepares to bathe her son, Cheah Kok Leong, who was born with severe mental disabilities. She believes that his condition is related to the radioactive exposure she received while working at the Mitsubishi Chemical’s refinery in Bukit Merah. By  KEITH BRADSHER Published: March 8, 2011 RECOMMEND TWITTER LINKEDIN SIGN IN TO E-MAIL PRINT REPRINTS SHARE BUKIT MERAH, Malaysia — Hidden here in the jungles of north-central  Malaysia , in a broad valley fringed with cave-pocked limestone cliffs topped with acacia and durian trees, lies the site of the largest radiation cleanup yet in the rare earth industry. Residents blamed a rare earth refinery for   birth defects   and eight leukemia cases within five years in a community of 11,000 — after many years with no leukemia cases. Seven of the leukemia victims have since died. The Bukit Merah case is little known even elsewhere in Mala...
Read more