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Income Inequality: Too Big to Ignore PDF Print E-mail
Wednesday, 20 October 2010 00:43

Published: October 16, 2010

During the three decades after World War II, for example, incomes in the United States rose rapidly and at about the same rate — almost 3 percent a year — for people at all income levels. America had an economically vibrant middle class. Roads and bridges were well maintained, and impressive new infrastructure was being built. People were optimistic.

By contrast, during the last three decades the economy has grown much more slowly, and our infrastructure has fallen into grave disrepair. Most troubling, all significant income growth has been concentrated at the top of the scale. The share of total income going to the top 1 percent of earners, which stood at 8.9 percent in 1976, rose to 23.5 percent by 2007, but during the same period, the average inflation-adjusted hourly wage declined by more than 7 percent.

Last Updated on Wednesday, 20 October 2010 00:46
Got Toys? Fisher-Price Just Recalled 10 Million; Check if Yours Are Safe PDF Print E-mail
Saturday, 02 October 2010 05:04


By Bonnie Rochman Thursday, September 30, 2010
The timing couldn't be worse. Just as parents, grandparents — and, most of all, manufacturers — are gearing up for the annual holiday toy-buying extravaganza, Fisher-Price has recalled more than 10 million tricycles, toys and high chairs because of concerns over safety.

The bulk of the recall involves 7 million toddler tricycles, some sporting Barbie and Dora the Explorer. Several of the product lines involved actual injuries, including 14 models of a tricycle with a protruding pretend ignition key that can cause genital bleeding if a child falls on it. Ten injuries have been reported. Seven models of infant activity centers have valves that have detached; there have been three reports of children choking. The recall also includes nearly 950,000 high chairs with pegs on the back legs that have injured seven children. (More on Similac Recall Outrages Parents: Are Beetles Bad?)

Last Updated on Saturday, 02 October 2010 05:14
Healthcare: We compromise at our peril PDF Print E-mail
Saturday, 02 October 2010 00:42


DATUK PAUL SELVA RAJ for Fomca, Kuala Lumpur
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THE Malaysian healthcare is a dual system. One system accessible to all is funded by the tax system while the other is private for-profit hospitals.
There are also private not-for-profit hospitals, which share a charity and welfare mission; however, their growth has been limited primarily because of the proliferation of for-profit hospitals.

Private hospitals are growing rapidly. Although nursing and maternity homes are available, the bulk of growth has been in private hospitals which increased from 10 in 1980 to 128 in 2003.

Last Updated on Saturday, 02 October 2010 00:59
Wednesday, 15 September 2010 23:16


During every season of festivities, consumers frequently face significant increase of price of essential foods, such as chicken. During the first week of the fasting month this year, chicken prices rose from about RM 5.50 per kilo (for standard chicken)  to around RM 7.00 – RM 7.50per kilo.  Some places were even reporting prices up to RM 9.00 per kilo. 

Last Updated on Wednesday, 15 September 2010 23:30
Do you spend less or more during a sale? PDF Print E-mail
Wednesday, 15 September 2010 23:14


It’s the Malaysia Mega Sales again! You will see the sales signs everywhere when you visit to any shopping mall. The festival season is around the corner and this will definitely increase the “sales”.

Do you actually spend less or spend more during a sale? According to a newspaper report on 17th August 2010, the 2010 Mega Sales Carnival in Malaysia had achieved a 37% increase in Master Card usage. The total expenditures of Malaysian consumers on Master Card during the carnival are RM 213.4 million compared to RM 158 million last year, an increase of 34%. This figure does not included those who use others credit services as well as those who are paying cash.

Last Updated on Wednesday, 15 September 2010 23:28
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