Tag Archive: news


Will the 200% increase in some food prices return?


Image Source: http://learningenglish.voanews.com/

Between 2005 and 2008, average world prices for rice rose by 217%

Experts Ashok Gulati, agricultural economist, chairman of the committee of agricultural costs and prices; Keshav Rao, senior leader, Congress; Nalin Kohli, national executive member, BJP; Hari Damodaran, opinion editor, Business Line, and Devender Sharma, agriculture expert, discuss why food prices are going up despite high food grain production.

Watch full show ->>>

The World Bank President Robert Zoellick speaks about global food prices (Source: Bloomberg)

NIA projects that at the average U.S. grocery store it will soon cost;

  • $11.43 for one ear of corn
  • $23.05 for a 24 oz loaf of wheat bread
  • $62.21 for a 32 oz package of Domino Granulated Sugar
  • $24.31 for a 32 fl oz container of soy milk
  • $77.71 for a 11.30 oz container of Folgers Classic Roast Coffee
  • $45.71 for a 64 fl oz container of Minute Maid Orange Juice
  • $15.50 for a Hershey’s Milk Chocolate 1.55 oz candy bar.
  • NIA also projects that by the end of this decade; $55.57 plain white men’s cotton t-shirt at Wal-Mart will cost.

  • Graphic Image Source: http://yourdaddy.net


    Image Source: theburningplatform.com


    It is estimated that between 5.6 million and 8 million older Americans — 14 percent to 20 percent of the nation’s overall elderly population — have one or more mental health conditions or problems stemming from substance misuse or abuse.

    Will Baby Boomers drain America dry? Or will they give us the greatest reserve of human capital in history?


    Let Baby Boomers Retirement Network guide you through the real statistics behind the Baby Boomer generation and answer your questions about how this will affect our future.

    At least 5.6 million to 8 million – nearly one in five – older adults in America have one or more mental health and substance use conditions, which present unique challenges for their care. With the number of adults age 65 and older projected to soar from 40.3 million in 2010 to 72.1 million by 2030, the aging of America holds profound consequences for the nation.

    For decades, policymakers have been warned that the nation’s health care workforce is ill-equipped to care for a rapidly growing and increasingly diverse population. In the specific disciplines of mental health and substance use, there have been similar warnings about serious workforce shortages, insufficient workforce diversity, and lack of basic competence and core knowledge in key areas.

    Following its 2008 report highlighting the urgency of expanding and strengthening the geriatric health care workforce, the IOM was asked by the Department of Health and Human Services to undertake a complementary study on the geriatric mental health and substance use workforce. The Mental Health and Substance Use Workforce for Older Adults: In Whose Hands? assesses the needs of this population and the workforce that serves it. The breadth and magnitude of inadequate workforce training and personnel shortages have grown to such proportions, says the committee, that no single approach, nor a few isolated changes in disparate federal agencies or programs, can adequately address the issue. Overcoming these challenges will require focused and coordinated action by all.

    Source: nap.edu

    A “perfect storm” of events will collide in 2013 and throw the world back to economic crisis, warns New York University economist Nouriel Roubini.

    Roubini, who accurately predicted the timing and severity of the recent recession (December 2007), says investors have made overly optimistic U.S. growth expectations for the second half of the year and could get burned.

    The economy will grow but at a sluggish pace, and those who haven’t priced that assumption into their investment models are going to pay.

    Update June 28, 2012 Marketwatch.com: The dramatic credit-derivative loss, initially estimated by J.P. Morgan Chase at $2 billion, may balloon to as much as $9 billion, report says.

    Boaz Weinstein on Bloomberg of Saba Capital Management

    Takes Down the London Whale of JP Morgan

    What are Hedge Funds and How Do They Work?

    Age: 38

    Executive Post: Founder of Saba Capital Management

    Why he’s young and fierce: He ranked 17th on this year’s Fortune “40 under 40″ list, and was also named a rising hedge fund star of 2010 by Institutional Investor Magazine. According to the magazine, Weinstein was the youngest global co-head in Deutsche Bank history at just 27-years-old.

    In 2008, the “star derivatives trader”–as deemed by the New York Times–left the German bank to run his own hedge fund, Saba Capital Management.

    Since then, loyal investors have put more than $1.5 billion into Saba, which has yet to have a down month, reports Fortune. And so far this year, Weinstein is beating the credit fund average with returns near 9 percent.

    Image Source: Saba Capital

    Meet the Man Who Took Down JPMorgan

    “BOAZ WEINSTEIN IS AN AGGRESSIVE TRADER WHO ONCE LOST $2B, TOO”
    “(NEWSER) – Credit (or blame) Boaz Weinstein—a 38-year-old hedge fund trader known as a “monster” for his aggressive, risky style—for the $2 billion takedown of JPMorgan, reports the New York Times. Weinstein, a chess master and big-time Las Vegas gambler, isn’t talking, but numerous other traders say he is the one who noticed something amiss in the credit derivatives market last November, spotting a particular index trading out of line in a market it was supposed to track. Weinstein and his team at Saba Capital Management did not know JPMorgan and the trader Bruno Iksil were on the other side; all Weinstein knew was that the other side kept selling, so he kept buying.”

    “It was one whale versus another whale,” says a hedge fund manager. Iksil kept upping the sells, trying to scare off the other side, but Weinstein did not stop; soon the volume of trades was off the charts and all of London was buzzing. In February, Weinstein even named the JPMorgan fund as one to buy, further ramping up the pressure. Ironically, though, many think Weinstein learned from painful experience—he lost $1.8 billion for Deutsche Bank in 2008 at the height of the financial crisis. “If you hand me a list of the top-performing guys in the space, I’d expect to see his name on it,” says one bank exec. “If you hand me another list of hedge funds that might blow up, I’d expect his name to be on that, too.”
    Quote Source: newser.com

    Glass 1/2 Full vs. Glass 1/2 Empty Predictions

    1/2 Empty View


    Preparing for an economic collapse claims Glenn Beck is doing just that warning his viewers of impending events to come. After earning $2 Million from FOX News for a 2-year contract and getting discharged to now a year later earning nearly $27 Million a year at GBTV providing internet broadcasts, reports the WSJ another FOX property.

    1/2 Full View

    Renowned author, scientist, inventor, and futurist Ray Kurzweil makes incredible predictions about the future of technology and the mind-blowing impact it will have on humanity.