Archive for July, 2013

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Financial advice that is popular – and wrong

Author: Administrator

31/07/2013

Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn’t bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld, yadda yadda yadda.

The problem is, a lot of that is bad advice. At best it fit a bygone era; at worst it was never right and is dangerous.
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Bangladesh Garment Exports Rise 16 Percent Even as Human Rights’ Violations Persist

Author: Administrator

31/07/2013

Three months after the collapse of the Rana plaza factory in Bangladesh, which killed over 1100 workers, the garment industry is still struggling to enforce safety reform.Despite the grim reality check, factory conditions have not yet improved. Reuters today released a video showing a surprise safety check at Miami Garments, a factory in Bangladesh. What they found was startling:
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For males, monogamy can have evolutionary benefits

Author: Administrator

30/07/2013

Whenever a public figure cheats on his wife, pundits can be counted on to trot out the tired old claim that males are simply wired by evolution to be promiscuous.Two studies released on Monday beg to differ. By sticking to one female, they conclude, males of many species, especially primates, can increase their chances of siring many offspring who survive long enough to reproduce – the key factor in determining whether a particular behavior survives the brutal process of natural selection.
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Macau mogul hopes dinosaurs trump volcanoes in new casino resort

Author: Administrator

30/07/2013

Macau tycoon David Chow is ripping up the fake volcano and Roman amphitheatre that were the show pieces of a failed theme park he built in the Chinese gaming enclave seven years ago.He is replacing them with something a little less kitsch and more in keeping with the neighborhood: a casino resort boasting an opera house and dinosaur museum that he hopes will return him to the spotlight of the world’s largest gambling hub.
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Billionaire Steven Cohen Throws a Party Despite Indictment

Author: Administrator

29/07/2013

Hedge fund billionaire Steven A. Cohen did not let the filing of criminal charges against his $14 billion SAC Capital Advisors get in the way of a party this weekend at his vacation estate in tony East Hampton, New York.The Saturday night party at Cohen’s 10-bedroom home on Further Lane took place two days after federal prosecutors in New York announced a five-count criminal indictment against SAC Capital that portrayed the 21-year-old Stamford, Conn.-based fund as a breeding ground for unlawful insider trading.
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Miami Swim Week

Author: Administrator

29/07/2013

Much as we would have loved to soak up the sun and bikinis (so many thongs!) on display at Miami Swim Week were stuck inside behind our computers just like you. But we wanted to know what it was like so we asked Tracy Sedino, one half of the team behind Linda Farrow, to send us her photo diary.
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Do introverts make better investors?

Author: Administrator

29/07/2013

Think of the successful Wall Street investor, and you are likely to envision a hard-charging, aggressive, Type-A personality – someone who can carry on multiple conversations, keep an eye on four computer screens, yell over the trading din and watch CNBC all at the same time.What if you have all that wrong? What if it is the quiet person in the back of the room, and not an extrovert like Gordon Gekko from “Wall Street”, who is the superior investor?
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The struggling small businesses in Europe needs at least 200 and not the peanuts of 20 billion Mr Draghi

Author: Administrator

28/07/2013

The European Central Bank moved on Thursday to get more money to the euro zone’s struggling small businesses, letting banks use more of the assets once blamed for triggering the financial crisis as collateral for cheap loans.The ECB said it was expanding the list of asset-backed securities (ABS) that are eligible for use at its refinancing operations – the facilities banks use to tap the central bank for liquid funds – and reducing the discounts it applies to these assets.
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Long backlog for godless wedding services in Ireland

Author: Administrator

28/07/2013

Traditionally Catholic Ireland has allowed an atheist group to perform weddings this year for the first time, and the few people certified to celebrate them are overwhelmed by hundreds of couples seeking their services.Demand for the Humanist Association of Ireland’s secular weddings has surged as the moral authority of the once almighty Catholic Church collapsed in recent decades amid sex abuse scandals and Irish society’s rapid secularization.
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German president says whistleblowers like Snowden merit respect

Author: Administrator

27/07/2013

Germany’s president, who helped expose the workings of East Germany’s dreaded Stasi secret police, said whistleblowers like U.S. fugitive Edward Snowden deserved respect for defending freedom.Weighing in on a debate that could influence September’s federal election, President Joachim Gauck struck a very different tone from that of Chancellor Angela Merkel, who has assured Washington that Berlin would not shelter Snowden.
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Our newly redesigned website,radio and soon webtv in Chinese www.oraia.cn

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Foods That Make You Look Younger-New life for old cuisines

chinafood8Hotel waiter delivering room service, breakfast in foregroundYou can head off a lot of your most common beauty concerns simply by downing the right foods. That's right—eating well not only does wonders for your waistline and bolsters your immune system but can also provide some very real get-gorg benefits, such as smoothing wrinkles, giving hair a glossy shine and strengthening flimsy nails. "Your diet directly affects your day-to-day appearance and plays a significant role in how well you age," says Joshua Zeichner, MD. The smart approach, Dr. Zeichner says, is to create a plan that includes what he calls "the building blocks of healthy skin and hair"—nutrients, minerals and fatty acids—as well as antioxidants to protect your body from damaging environmental stresses. Get ready to nab some beauty-boosting perks by tossing these essential face-saving edibles into your grocery cart.What to eat to keep young and beautiful and among those products is Feta cheese is packed full of vitamin B12, which speeds up the replacement of dead skin cells. cfood1Central Asian restaurants have made a place for themselves in Beijing's Russian district, and diners are licking their lips, Erik Nilsson reports. Erik Nilsson The old Soviet Union is reuniting in Beijing - for dinner. At least its cuisine is. Central Asian fare has taken a central place at the table in the Yabaolu neighborhood's dining scene, as the city's "Russiatown" transforms into "Beijing-istan".Natives of the "stans" are making culinary inroads into China's capital as the New Silk Road Economic Belt develops, while fewer Russian traders are frequenting the declining Yabaolu fur market that spurred the original development of the surrounding Slavic enclave.This means compote, a juice of mixed fruits, is diluting volumes of vodka, as the tides of the boiled dried-fruit juice rise and the hard-drinking part of town dries up. (Actually, many of the area's Central Asian eateries are halal, but allow you to bring your own booze.) There's more yogurt and less mayonnaise. More kebabs and fewer cutlets. More plov (Central Asia's rice staple) and fewer potatoes.These eateries dot the Shenlu dining street behind the fur market, sprinkled among restaurants serving sustenance from China's Xinjiang Uygur autonomous region, Mongolia,Greece,Turkey and Italy.food7People will choose larger portions of food if they are labeled as being "healthier," even if they have the same number of calories, according to a new study."People think (healthier food) is lower in calories," said Pierre Chandon, a marketing professor at the INSEAD Social Science Research Center in France, and they "tend to consume more of it." That misconception can lead to people eating larger portion sizes of so-called healthy foods, and therefore more calories."Foods are marketed as being healthier for a reason, because food producers believe, and they correctly believe, that those labels will influence us to eat their products and perhaps eat more of their products,"