Persuaders and Influencers
I was at a wedding recently in Kenya, two men came up to me, old friends of mine, they said “Hi,” and then asked me if I had realised that I had been coming to Kenya for 11 years. I hadn’t realised. They reminded me of the first time we met which was on my first visit to Kenya 11 years previous. I remember and laughed, they had turned up to a seminar that I was running but one that people needed to have pre booked for, they hadn’t done so, because they didn’t know it was on. We made special arrangements to include them anyway.
Read MoreWho Should Appoint the Governor of a Central Bank?
Currently, the President of the United States appoints the Federal Reserve Chairman, however, because this is such an important position and because it must be separated the political leadership, it is my contention that we must change all that. Here below are my suggestions;
Read MoreIMF Forecast For 2010 – India GDP Upgraded
International Monetary Fund (IMF) has now corroborated what I have been maintaining for quite some time. IMF has upgraded India’s GDP forecast of year 2010 from 8.8% to 9.4%. And on the other hand, IMF has indicated that US poses the greatest threat to global recovery. In fact as per IMF it is India and China and some other Asian economies which are supposed to lift the growth prospects in the world and therefore it has raised the world GDP prospects for 2010 from 4.2% to 4.5%. However it has lowered its growth estimates for Euro zone, Canada, US, Japan, and emerging economies.
Read MoreHow Quantitative Easing Affects Our Pockets
I’m somewhat convinced that by now most people have heard that the “Government is printing more money”. But the way it’s presented to us by “modern” economists is different since most people are smart enough to understand what it means. The fancy words – for the same principle – are Quantitative Easing (QE) and whether we like it or not it has the same meaning.
Read MoreWill You Really Retire?
I had the misfortune to witness something we as a society choose not to actively think about. I was at a fast food restaurant where a man easily identifiable as well past retirement age was being loudly reprimanded by the manager several decades his junior because he forgot to place the cherries on the specialty drinks. As if he didn’t have enough stress to deal with being new at this unplanned career.
Read MoreMillions, Billions, Trillions? Oh, My!
Neither a borrower nor a lender be;/ For loan oft loses both itself and friend.” (Shakespeare’s Polonius in Hamlet)
Read MoreIs it necessary to follow a budget while consolidating your credit card debts?
Whenever the interest rates are low on credit cards, it is seen that most people rush to issue new credit cards, without even assessing their repayment affordability first. If you too are simply tempted by the hard-to-believe credit card offers, you should think twice before succumbing to the temptation of getting yourself yet another credit card. Taking on additional debt will do nothing but add to your financial woes. Though bill consolidation looks like a quick fix to your current financial woes, this is actually nothing but fighting fire with fire. Both debt consolidation loans and balance transfers may seem to be an immediate solution to your financial worries, but you have to make sure that you choose the right way of consolidating your debts so that you don’t get into a mess in the long run.
Personal finance illusion regarding debt consolidation
There are many debtors who feel that debt consolidation is the ultimate panacea to your debt problems, but this is nothing but an illusion. This is just a way of reducing your debt burden by combining your monthly payments into a single monthly payment.
Read MoreWhat Went Wrong? Funny You Should Ask
The refrain from an old popular song goes as follows, “What the world needs now is love sweet love, it’s the only thing that there’s just too little of…” According to Nicholas Kristof, in his recent New York Times editorial, Is Islam The Problem?, the Muslim world doesn’t need more love. It needs more banks, corporations and massive concentrations of wealth.
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