Tuesday March 30, 2010

By WANI MUTHIAH

KLANG: Motorists injured in road accidents may find themselves in limbo due to lack of compensation when the new basic third party motor insurance coverage scheme for bodily injury and death is introduced on July 1.

Under the “no-fault” third party scheme, aggrieved parties cannot claim damages from insurance companies.

By Alice Park Tuesday, Mar. 23, 2010

The Beatles sang that money can't buy you love. But what about happiness? Research consistently shows that the more money people have, the more likely they are to report being satisfied with their lives.

And that makes sense: money buys you things that make life easier and more satisfying; the easier your life, the happier you tend to be. That relationship isn't entirely linear, since there's a limit to how much wealth can please you; the happiness benefit of an increasing income is especially powerful among people who don't have much money to start with, and diminishes as wealth increases. But studies also reveal that as average income levels have risen over time — in the U.S. and European nations, for example — residents of those countries have not reported being any happier than people were 30 or 40 years ago. It's a paradox that while income and happiness may be associated within a population at any given moment, overall economic growth does not appear to correspond to a boost in national satisfaction over time.