Posts Tagged ‘economy’
WHAT would you do if a billionaire who has a lot of money? Despite any wealth worth billions of U.S. dollars, following billionaire some choose not to squander their wealth to live a lavish lifestyle.
Consider the lessons learned from five people following billionaire, to build life-saving and simple principles:
1. Warren Buffett
Millions of people have read books written by Warren Buffett and follow every movement of his company, Berkshire Hathaway. However, the real secret of Buffett’s personal wealth may be derived from hematnya living habits.
Buffett, who currently has a net worth estimated U.S. $ 47 billion, refused to stay at home supermegah and buy luxury goods. He still lives in a modest house in Omaha, Nebraska, bought for U.S. $ 31,500 more than 50 years ago. Although he had been dining at the finest restaurants in various parts of the world, Buffett would prefer a burger and fries, accompanied by a glass of cherry coke.
When asked why he did not have a private yacht, Buffett replied, “Most toys only make trouble.” Read the rest of this entry »
Asian Development Bank (ADB)-nagara encourage countries in the Asia Pacific region to increase investment in agricultural sector. Quoted by the Xinhua, the step taken to prevent the aging population who suffer from hunger caused by rising food prices in the future. In Food Security and Investment forum in Manila, the Philippines, which was held together with the World Food Organization (FAO) yesterday, the ADB also said that developing countries need to increase agricultural production in 2050 due to the increasing population. But it must be supported with funding by financial institutions together.
“The need of investment to boost agricultural production to reach USD200 billion to 40 years into the future, and $ 120 billion of them to countries in the Asia Pacific region,” said Director General of the World Food Organization (FAO) Jacques Diouf, Thursday (07/08/2010).
He added that the increase in world food production must be coupled with more and better crop management with a more modern way supported the strength of post harvest infrastructure and capacity-building. But also important is the availability of research funding for agriculture. Read the rest of this entry »
Russia’s central bank cut its refinancing rate at its main interest rate a quarter point or the equivalent of 0.25 percent to its lowest point to 7.75 percent. Pruning is done to support the country’s economic recovery is still fragile. As for cutting interest rates this is the fourteenth time in a row since April 2009.
The central bank said in a statement that the cuts are needed to encourage economic recovery is still volatile in Russia and to stimulate borrowing against the background of moderate inflation.
“Data on the main macroeconomic indicators of Russia shows a gradual recovery to economic growth. But there are also significant risks in the recovery of credit activity and economic growth,” he disclosed such data, as reported by the AFP on Tuesday (06/01/2010 ). Read the rest of this entry »
The Greek government confirmed it will not restructure the debt and budget cuts are no longer necessary to achieve the fiscal targets set in the program agreed emergency funding with the European Union (EU) and the International Monetary Fund (IMF).
“Greece will not require additional steps, especially the painful measures (budget cuts). I only see one option in the future, ie achieving the set targets,” said Finance Minister George Papaconstantinou Eleftherotypia as quoted from Reuters, Sunday (30 / 5 / 2010).
Greece, previously obtained a loan of funds (bailout) of 110 billion euros, equivalent to USD134 billion in order to avoid default (default) for the debt which had by that country. In return, Yunanai promised to reduce its budget deficit to three percent in 2013 from gross domestic income (GDP). In fact, now the Greek deficit reached 11 percent. Read the rest of this entry »
United States trade deficit (U.S.) recorded the highest positions in the last 15 months in March 2010. However, export growth and import of recovery goes well described.
U.S. announces trade ministry’s total exports in March amounted to USD147, 9 billion and imports recorded USD188, 3 billion. Thus, the total deficit recorded in March $ 40, 4 billion. The deficit in March rose 2.5 percent in February compared to a deficit of $ 39, 4. The increase in the deficit in March mainly triggered by soaring oil imports.
This is a positive report for the U.S. and world growth outlook. The data show a sharp increase both in volume of exports and imports. This demonstrates the global economic recovery has great momentum, said Insight Chief Economist Nigel Gault Goblal IHS as quoted by AFP Friday (14/05/2010). Read the rest of this entry »