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Monthly Archives: July 2011

Scientists find mathematical formula for the perfect wife

The academic study, published in the European Journal of Operational Research looked at 1,074 couples aged between 19 and 75 years, to find which social factors were most important to a long and happy relationship.

Besides the man being five years older than his bride, and that his bride should share the same heritage, they concluded that a wife should be at least 27 per cent more intelligent than her husband. She should also hold a degree, while he should not.

via Scientists find mathematical formula for the perfect wife – Telegraph.

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Posted by on July 14, 2011 in marriage

 

Population Bomb.

World population will reach 7 billion this year, prompting new concerns about whether the world will soon face a major population crisis.

pakistani family celebrating world population day July 10, 2011

pakistani family celebrating world population day July 10, 2011

“In spite of 50 years of the fastest population growth on record, the world did remarkably well in producing enough food and reducing poverty,” said University of Michigan economist David Lam, in his presidential address at the annual meeting of the Population Association of America.

Lam is a professor of economics and a research professor at the U-M Institute for Social Research. The talk is titled “How the World Survived the Population Bomb: Lessons from 50 Years of Exceptional Demographic History.”

In 1968, when Paul Ehrlich’s book, “The Population Bomb,” triggered alarm about the impact of a rapidly growing world population, growth rates were about 2 percent and world population doubled in the 39 years between 1960 and 1999.

According to Lam, that is something that never happened before and will never happen again.

“There is virtually no question that world population growth rates will continue to decline,” said Lam. “The rate is only as high as it is because of population momentum, with many women of childbearing ages in developing countries because of rapid population growth in earlier decades.”

Lam discussed a variety of factors that have worked together to reduce the impact of population increases. Among the economic forces, he cited the green revolution, started by Nobel prize-winner Norman Borlaug, that increased per capita world food production by 41 percent between 1960 and 2009.

“We’ve been through periods of absolutely unprecedented growth rates, and yet food production increased even faster than population and poverty rates fell substantially,” he said.

The capacity of cities to absorb the growth in world population is another major reason that the world was able to double its population in the last 40 years without triggering mass starvation or increased poverty, Lam told the group. Along with urbanization, Lam pointed to the impact of continued declines in fertility and rising investments in the education and well-being of children.

Work Lam did in Brazil with ISR social demographer Leticia Marteleto shows a mean increase of 4.3 years of schooling among 16-17-year-olds from 1960 to 2000.

“This increase clearly involves more than just reductions in family size,” Lam said. “For example, children with 10 siblings in 2000 have more schooling than children with one sibling in 1960.

“There is no Norman Borlaug of education to explain how schooling improved so much in developing countries during a period in which the school-age population was often growing at 3 percent or 4 percent a year. This is one of the accomplishments of the last 50 years that deserves to be noted and marveled about.”

In conclusion, Lam told the group, “The challenges we face are staggering. But they’re really nothing compared to the challenges we faced in the 1960s.”

 
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Posted by on July 12, 2011 in humanity, think

 

How Compound Interest Can Make Money Grow On Trees

You can find out how long it will take your money to double in a compound interest account by applying a very simple calculation. Take the interest rate you’re earning for your money and divide it into 72. For example, if you’re earning four percent interest, you would divide four into 72 and learn that it will take 18 years to double your money. If your money is in an account that pays six percent compound interest, it would take 12 years to double your money.

via How Compound Interest Can Make Money Grow On Trees – Your Modern Living.

 
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Posted by on July 4, 2011 in think

 

19 Things Your Millionaire Neighbor Won’t Tell You

1. He always spends less than he earns.  In fact his mantra is, over the long run, you’re better off if you strive to be anonymously rich rather than deceptively poor.

2. He knows that patience is a virtue.
 The odds are you won’t become a millionaire overnight.  If you’re like him, your wealth will be accumulated gradually by diligently saving your money over multiple decades.

9. He’s a big believer in paying yourself first. Paying yourself first is an essential tenet of personal finance and a great way to build your savings and instill financial discipline.

11.  He knows that failing to plan is the same as planning to fail.  He also knows that the few millionaires that reached that milestone without a plan got there only because of dumb luck.   It’s not enough to simply declare that you want to be financially free.

via 19 Things Your Millionaire Neighbor Won’t Tell You – Manage Your Life on Shine.

 
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Posted by on July 4, 2011 in investing, money, think

 

Selling gold to make ends meet in Greece

In a tight vote on Wednesday, parliament approved a law outlining tax rises, spending cuts and the sale of state companies.

But Greece’s privatization process, which stalled when the Socialists won power, may struggle to meet targets amid the political and economic maelstrom. Greece needs to sell 5 billion euros in assets by December to honor its commitments, but foreign investors may be wary faced with militant unions.

“The prime minister talks about privatization, tax reforms, social reforms. He’s talked about all that before,” said political analyst Costas Panagopoulos. “The question is will he use this vote to move forward with these crucial reforms?”

Greece’s debt is forecast to reach 1.6 times its economic output next year—bigger than Argentina’s when the South American country stumbled into a chaotic default in early 2002

Many Greeks believe not only that it is not economically feasible, but it is not morally acceptable to pay a debt racked up by the political dynasties which have ruled the country for decades.

“I want to tear down the parliament building. We didn’t waste all this money, they did, and they are not going to jail,” said Dimitris Avramidis, 34, a bookstore employee.

“I’ve done nothing wrong. I’ve never taken out a loan in my life. So why should I pay now? I want people to take all their money out of the banks.”

via Selling gold to make ends meet in Greece.

 
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Posted by on July 3, 2011 in economy

 
 
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