Attention Retirees: Beware Of The Current Inflation Rate

Filed Under (Financial Planning) by on 25-10-2018

By Paula Martinez

For your parents’ and grandparents’ generation, retirement investing guidelines consisted mainly of preserving their assets. Back then, such advice made perfect sense, because retirement represented a shorter period of a person’s life. The new retirees not only live longer, but have to contend with the current inflation rate. Our economy is based on global performance. The world is smaller and anything that occurs across the globe reaches our shores.

Big industries are no longer dependent on only what is happening in America. What happens across the sea does not stay there; it makes its way here. Our economy is much more sensitive to world events. Oil, gas, and raw material prices are increasingly affecting the product cost and the price to bring it to market.

Today retirement requires a whole new way of thinking. For the first time in history the economy depends on the countries of the world for cooperation and stability. As past generations had to rely on the U.S, economy for the relative safety of their investments, this generation has to make sense of changes in the world market. The domino effect now is dependent on a world economy. That means watching the European, Asian, and Middle East regions for possible upheaval. Remember, all that happens in these parts of the world will affect the current inflation rate.

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A new millennium has new rules to live and invest by. The bar has been raised on fund management. The social, demographic, and economic trends provide for multinational companies. The risk today is the political turmoil and global upheaval in a world connected by technology. With home prices slumping and fuel prices climbing the people affected the most are those on fixed income.

The choices proliferate for those that wish to invest in managed funds. There are long term investments, mid-term, and short terms. Retirees usually need financial advisors to help redistribute their portfolios. This especially true if you do not have the knowledge to shift though all the choices, it can be too daunting a task.

Risk management takes on a whole new meaning for retirees in today’s world. Long-Term care can drain you of more than your rainy day funds. The aging population and inadequate health care is making this a burning issue that must be considered when having someone review your portfolio. So between Annuities, Funds, Bonds, CD’s, and saving, you need some one with the knowledge to direct you and guide you in choosing solutions that may generate enough income though your retirement. There are many long term care policies available today that can be a great benefit.

The average time to regain your investment in a care facility is just seventy seven days. This make getting one of these policies very attractive.

Chart a solid strategy with a financial advisor. This approach stands head-and-shoulders above going it alone in the world of finance. The technical analysis that is provided has the long term solutions that an investor needs. It is time to take stock of your retirement and discuss the options that will empower you. Familiarize yourself with Keiber Retirement Solutions, Inc.

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Wikinews interviews Mike Lebowitz, Chairman of the Modern Whig Party

Filed Under (Uncategorized) by on 25-10-2018

Monday, October 13, 2008

In the United States, there are two major political parties; the Republican and the Democratic. However, there are several other minor – commonly referred to as “third” – parties. One of these is the Modern Whig Party, which has been steadily increasing in popularity over recent months.

Last week, Wikinews reporter Joseph Ford was able to speak with MWP Chairman Mike Lebowitz about how his party was formed, what it stands for, and why you should consider joining. The interview can be read below.

Manitoba’s flood creating hazardous conditions

Filed Under (Uncategorized) by on 24-10-2018

Tuesday, April 14, 2009

The Red River at Winnipeg is almost clear of ice blocks and ice jamming, however there are still dangers from the Red River flood.

Ice blocks which were as high as two storey buildings were ripping out trees, fences and railway ties. “You’ll see huge pans of ice standing vertical, up to 20 feet (6.1 m) high,” said Steve Topping, an official with the provincial Water Stewardship Department. “Ice was shoved up on the shore and took out trees with a very devastating effect. It has changed people’s view of the river.”

“It is incredible, the force. One piece of ice pushed out of the river about 20 feet. You watch the force push this up right in front of your eyes,” said Dean North, of the Selkirk Golf and Country Club.

Royal Canadian Mounted Police are ticketing sight seers who are driving through road closure signs and approaching excavators, cranes and crews breaking up the ice. Vehicles, people, boats, and kayaks are getting in the way.

An eight year old boy is in critical condition after slipping on a culvert Thursday. He was pulled underwater by the speed of the flowing water and remained under for about five to ten minutes until adults could rescue him. The air ambulance supplied by Alberta’s STARS (Shock Trauma Air Rescue Society) remains in the city of Winnipeg, Manitoba.

“This is not a spectator sport. It’s not about getting the best pictures for the family albums. I know floods are seen as a bit of an event, but some of the instances I’m hearing about, people should give their head a shake, they really should,” said Steve Ashton Manitoba Emergency Measures Minister, “Those who fall into the river or get into trouble in another way would be not only endangering themselves but the emergency response crews trying to rescue them. I don’t want to see a situation … where we’re trying our darndest to prevent flooding and save lives and somebody [who] decides to go have a white-water experience ends up killing themselves.”

Early Easter Sunday morning floodwater reached the rural municipalities of St. Andrews and St. Clements north of Winnipeg. Residents were sent an evacuation advisory Good Friday, however some residents remained. Rescue efforts commenced Saturday night to find those stranded and unable to leave as their vehicles cannot travel in the swollen overland floodwaters. Some people were rescued from roof tops as entire houses were swept off of their foundations by the large ice blocks hurtling down the river.

Highways in the area remain closed. Neil Gobelle, of Manitoba Infrastructure and Transportation said to “definitely continue to watch the Red River Valley and north of the city up in the Selkirk area. Things are changing quite a bit, quite quickly, so we’ll keep an eye on those areas.”

As of Easter Sunday, Winnipeg is expected to be ice free on the Red River. The River rose 4 feet (1.2 m) in the course of 24 hours. Rain is in the forecast and the higher temperatures of 17 °C (62.6 °F) will cause melting of snow and ice.

A weather system caused by La Niña is being watched by the United States National Weather Service and its potential effects between April 16-18 for residents along the Red River Valley. “We want people to be aware there is a very real possibility of the river going higher than what is out there,” said Mark Ewens, data manager at the NWS, “To have spring floods like this back-to-back is just an unfortunate series of events that have come along to plague us this spring. We’re wanting people to understand that this is a potentially serious problem.”

Stolen laptop found; had over 98,000 students’ personal data

Filed Under (Uncategorized) by on 23-10-2018

Sunday, September 18, 2005

San Francisco police have recovered a laptop stolen on March 11 from the University of California, Berkeley. The laptop was left unattended in the Graduate Division and contained personal information on 98,369 graduate students and applicants going as far back as 1976. This information included names, birth dates, addresses, and Social Security numbers.

The Silicon Valley forensic lab which analyzed the laptop said it had been reformatted, making it very difficult to determine if the data had been accessed. “There’s nothing in the Police Department investigation that points to any type of identity theft or credit card theft” said university spokeswoman Janet Gilmore.

The laptop was stolen by an unknown woman, who sold it to Shuki Alburati, who sold the laptop to an unsuspecting South Carolina man. Shuki Alburati was arrested on June 8 for receiving stolen property; he has been charged with one misdemeanor count.

He claims he didn’t know the laptop, a new IBM X40 worth $2,429, was stolen. He purchased the laptop from the woman, who said it wasn’t stolen, for $300 or $340. A few days later, on April 19, he placed the laptop on eBay. The winning bidder was a man in South Carolina who bought the laptop for $1,195.50. Police have said this man is not a suspect. Police were alerted by IBM after the man called IBM for tech support.

Shuki Alburati has pleaded not guilty. He claimed “It’s unfair, I didn’t know it was stolen.” His trial is scheduled for Sept. 30 before Superior Court Judge Michael Gaffey in Oakland. The woman who stole the laptop has not yet been found.

Polish drug company Jelfa ordered to shut-down over mislabelled drugs

Filed Under (Uncategorized) by on 22-10-2018

Wednesday, November 8, 2006

Polish Prime Minister Jaros?aw Kaczy?ski has ordered the pharmaceutical company Jelfa to halt production following revelations that Jelfa had placed mislabelled medication on the market, whose use could be potentially fatal.

Jelfa distributed vials labelled as Corhydron, a hydrocortisone used to treat allergies and inflammation, but in fact containing Suxamethonium chloride, a drug normally used to cause muscle paralysis during emergency surgery.

The Health Ministry has appealed to people suffering from asthma or allergies to check their medication and return any Corhydron ampoules they possess to the pharmacy.

Polskie Radio reports that the mislabelling was discovered a month ago, but Jelfa and the Polish Health ministry did not inform of the problem.

Prime Minister Jaroslaw Kaczynski ordered Jelfa to halt production until it can assure the Polish Government that it can properly manage its production.

The Polish Outlook reports that that drug companies in Poland were operating unregulated since December, 2005 as the regulations has expired. The government was putting in place new regulations.

The owner of Jelfa is AB Sanitas, the largest drug producer in neighbouring Lithuania. The shut-down has been questioned by the Lithuanian Prime Minister Gediminas Kirkilas, who expressed concern over the situation and said that he wants to try to settle the issue diplomatically.

Joe Hockey agrees to lobby states to ditch tampon tax

Filed Under (Uncategorized) by on 22-10-2018

Thursday, May 28, 2015

Australian treasurer Joe Hockey has agreed to reconsider the Goods and Services Tax (GST) on tampons and other hygiene products after being confronted about the issue on Q&A Monday night. Mr Hockey was responding to a question from student activist Subeta Vimalarajah.

“I started a petition against taxing the sanitary products under the GST. It now has over 86,000 signees and 11,000 submissions to the Better Tax Review. Mr Hockey, do you think that sanitary products are an essential health good for half the population?” she asked.

“Do I think sanitary products are essential? I think so,” Mr Hockey responded “Should the GST be taken off them? It probably should, yes. The answer is yes.”

He said that he will raise the issue with the next meeting of the state treasurers in July.

“I understand there’s long been a push to take the GST off goods, which are one way or another regarded as health products,” Prime Minister Tony Abbott said. “It’s certainly not something that this Government has a plan to do.”

He said he interpreted Joe Hockey’s remarks as meaning it was a matter for the states.

Shadow Treasurer Chris Bowen said the matter deserved serious consideration.

“Why did it take till Mr Hockey was asked a question on live TV for him to acknowledge this was an issue?” he asked.

“I understand the concerns with taxing sanitary products — concerns that go back to the introduction of the GST by the Coalition.

“These are in effect health products and aren’t simply a matter of choice for women.”

The GST was introduced in Australia in 2000. The then Prime Minister John Howard said the tax on tampons was not a woman’s issue.

“I mean, of course if you look at tampons in isolation – just as you look at something else in isolation – you can mount an argument to take the tax off it,” Mr Howard said at the time.

“I could mount an argument to take the tax off children’s clothes. I could mount an argument to take the tax off old people’s clothes, I could mount an argument for a whole lot of things. But we’ve had that argument and if you start doing that, you will have no GST in the end, and the whole system will begin to unravel.”

Apple announces Mac OS X Lion, iOS 5, and iCloud

Filed Under (Uncategorized) by on 21-10-2018

Tuesday, June 7, 2011

At the company’s own Worldwide Developers Conference (WWDC) keynote at the Moscone West center in San Francisco, Apple CEO Steve Jobs introduced the next generation of software products from Apple. Apple unveiled Lion, the new version of their Mac OS X operating system for desktop and laptop computers that brings new features to the software. They also demonstrated iOS 5, a new version of the operating system that powers iPhones, iPod Touches, and iPads. Alongside both announcements, Jobs also announced a new iCloud service to sync data among all devices. All 5,200 participating developers will spend the rest of the week in workshops with Apple employees; developer releases of each product were made available today.

Mac OS X Lion will be shipped in July through the online Mac App Store available on Mac computers for US$29. According to Apple, the update adds over 250 new features to the OS. Employee Phil Schiller discussed new multitouch gestures along with a dynamic task manager named Mission Control that shows open applications. During the keynote, Schiller said, “The Mac has outpaced the PC industry every quarter for five years running and with OS X Lion we plan to keep extending our lead.” It also adds full support for the Mac port of the popular App Store, full screen applications, iOS-style app icon lists called Launchpad, and other iOS-like features including a revamped Mail and Auto Save among others. Mac OS X Lion was announced at a different Apple event several months ago and will replace Mac OS X Snow Leopard, which was released in 2009.

Soon after, the company also introduced the latest installment in its popular mobile operating system iOS. The fifth version (iOS 5) introduces around 200 new features, including a revamped notification system, which combines messages and notifications from all applications installed on the user’s device. Scott Forestall, an Apple employee, also revealed that iOS devices would no longer require a computer for setup, allowing users to ‘cut the cord’ between their devices and PCs. Magazines and newspapers also have a new folder interface; the Twitter social network is now integrated significantly into iOS devices. Improvements to the mobile Safari browser were also announced; tabbed browsing and a Reader feature introduce desktop-like functionality. Finally, new camera features are built in, including the ability to take snapshots from the lock screen, as well as iMessages, a new messaging platform for iPhones and iPads.

We are going to demote the PC to just be a device. We are going to move the digital hub, the center of your digital life, into the cloud.

CEO Steve Jobs returned to the stage to reveal Apple’s new cloud services offering, iCloud. The service integrates with Lion and iOS applications and syncs data between a user’s iOS devices. For example, calendar events created on a user’s laptop would be sent to their iPhone through iCloud. Apps, books, documents, photos, and more purchased or created on one device will be shared with others. The service is intended to launch in the fall of 2011 alongside iOS 5 and will be available with 5 gigabytes (GB) of storage for 10 devices for free. Earlier this year, Apple opened a 500,000 square foot data center in North Carolina intended to facilitate this new service. Jobs rounded the services off by unveiling a new iTunes feature that mirrors a user’s library in the cloud, allowing them to listen and download music to authorized devices. “We are going to demote the PC to just be a device. We are going to move the digital hub, the center of your digital life, into the cloud,” said Steve Jobs during the keynote. iCloud and iOS 5 will be released in the fall of 2011; Apple announced no new hardware products.

Charles Upham’s medals to stay in New Zealand

Filed Under (Uncategorized) by on 21-10-2018

Wednesday, November 15, 2006

The Victoria Cross and bar awarded to soldier, Charles Upham, have been sold to Britain’s Imperial War Museum in London. The Victoria Cross and bar, also known as a double Victoria Cross, were only awarded to one combat solider, Mr Upham. The medals will, however, remain in New Zealand as they are on loan to New Zealand for 999 years, this is welcoming news to the New Zealand government.

The medals were not exactly donated to New Zealand as it is currently illegal to export the medals, but it still generous to donate them so New Zealand can still see the medals at the Queen Elizabeth II Army Memorial Museum. His family had requested that they be on view.

Amanda Upham and Virginia MacKenzie are Mr Uphams daughters and are the ones who sold the medals to the war museum in Britain. The medals were sold for an unknown amount of money, however it was known that they had wanted NZ$3.3 million.

The government had offered to buy the medals for $1 million, this was rejected by the two daughters which caused a lot of controversy. A collector had then offered $9 million.

Speaking in Hong Kong, Phil Goff, minister of defence, said: “I’m hugely pleased the Upham medals will now be held at the Waiouru Army Museum in perpetuity as part of New Zealand’s military heritage.” Mr Goff also thanked a trust that worked together with the museum to make sure that New Zealand was still able to view the medals.

Mr Upham had won his Victoria Crosses in World War Two. His first Victoria Cross was won in the Battle of Crete in 1941. And he won his bar in the Western Desert about a year after his first Victoria Cross.

A Victoria Cross is the highest medal available to be awarded for bravery in the Commonwealth Realm.

Study: Herd animals detect Earth’s magnetic field

Filed Under (Uncategorized) by on 19-10-2018

Tuesday, August 26, 2008

Large herd animals may have the ability to detect earth’s magnetic field, concluded scientists in Germany in a report published in this week’s Proceedings of the National Academy of Sciences after performing studies of cattle and deer grazing and sleeping patterns. The animals tended to face north-south oriented toward the earth’s magnetic poles. Hynek Burda of the University of Duisburg-Essen in Germany led the team that announced the unconfirmed study. Burda and his team gathered cattle data via analysis of Google Earth images.

The team originally intended to test for possible human magnetic field detection by studying the orientation of sleeping bags in outdoor campers, but it proved difficult to obtain data because humans usually slept under tents. Cattle were easier to observe, and 8,510 head of cattle at 308 locations demonstrated a strong tendency to align body orientation in accordance with the earth’s magnetic field. Other possible factors such as wind or sunlight direction did not supply a better explanation for the behavior.

I think the really amazing thing is that hunters and herdsmen and farmers didn’t notice it.

To compare against a second large species, Burda and his team analyzed data on 2,974 deer studied through photography, direct observation, and snow imprints. The deer demonstrated a similar pattern. “I think the really amazing thing is that hunters and herdsmen and farmers didn’t notice it,” said Burda according to a National Public Radio report.

Other scientists found the results of the study intriguing. Peter August of the University of Rhode Island in Kingston, commented: “I was really amazed at the consistency with which they found north-facing cows and deer. It was really intriguing.” No independent study has yet confirmed the Duisburg-Essen team’s findings.

This is the first study that indicates magnetic field detection in large mammals. Burda’s previous research involves naked mole rats, a small blind mammal species whose behavior indicates an internal magnetic compass. According to a report by Jeremy Hsu at MSNBC, “Previous research has shown that animals such as birds, turtles and salmon migrate using a sense of magnetic direction, and small mammals such as rodents and one bat species also have a magnetic compass.”

Canada’s social insurance assets pass $140 billion in fourth quarter

Filed Under (Uncategorized) by on 18-10-2018

Sunday, February 13, 2011

With a fourth-quarter investment earnings of $3.9 Billion CAD, largely driven by stock market rises, the Canada Pension Plan’s (CPP) assets rose to $140.1 Billion reported the CPP Investment Board on Thursday.

Rate of return for the quarter netted three percent, bringing the first nine months of the fiscal year to 8.3%. The fund’s broad exposure to equities, in concert with a good quarter for stocks both in Canada and internationally, was largely to be credited according to CEO David Deneson.

The assets value rose from $127.6 Billion March 31st 2010, to $138.6 B on September 30th, to $140.1 B December 31st. The $3.9 B investment earnings, 3.58 of which came from the 54% of the portfolio in equities, was partially offset by seasonal outlays of $2.4 B to plan members.

The fund was very active throughout the calendar year, and particularly active in infrastructure, real estate, and private equity. As part of a consortium they completed the $4.8 B purchase of UK-based Tomkins plc, as well as purchasing Australian-based Intoll for $3.4 B thus acquiring a 30% stake in the 407 Express Toll Route (ETR) near Toronto — which they expanded purchasing a further 10% stake from Spain’s Concesiones de Infraestructuras de Transporte, S.A. (CINTRA). They acquired a 25% equity stake in Westfield Stratford City, a retail complex adjacent to London’s Olympics venue, among many real estate ventures.

The CPP fund covers every province except Quebec, whose Caisse de Depot et Placement du Quebec is the only larger pension fund in Canada. The five-year annualised investment rate of return for the CPP reserve fund was 3.5%, its 10-year rate of return was 5.6%, at the close of 2010. The fund was established in 1997.

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