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Income Inequality: Too Big to Ignore |
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Written by 3K Admin
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Wednesday, 20 October 2010 00:43 |
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By ROBERT H. FRANK
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. |
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Last Updated on Wednesday, 20 October 2010 00:46 |
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Incentives and right policies can do the trick |
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Written by 3K Admin
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Wednesday, 21 October 2009 12:20 |
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Comment by SHEILA SINGAM
The Government must look for a strategy to stimulate domestic demand while making Malaysia attractive to foreign visitors.
MIXED messages are part and parcel of Malaysian life. Mostly, this is due to Malaysians’ proclivity for dissecting and analysing information over copious amounts of teh tarik, throwing in their two bits’ worth, flavouring it with a large dose of scepticism, then disseminating it to equally cynical listeners. The hot topic these days that is doing the rounds at mamak shops hinges around the vital question: “Is our economy on the road to recovery or is the Government trying to get us to look at it through rose-tinted glasses?” |
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Dare to buy nothing today |
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Written by 3K Admin
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Friday, 17 July 2009 09:16 |
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Published on: Thursday, July 16, 2009
Kuala Lumpur: Today (Thursday) is Buy Nothing Day and you can be part of a global movement that will not be making purchases for the entire day.
Buy Nothing Day is a consumer awareness campaign that has been going on in countries like the United States, Canada and Britain. The aim of the campaign is to allow consumers to reflect on their spending habits and discourage unnecessary purchases.
Organised here by the Federation of Malaysian Consumers Associations as part of the National Consumer Campaign (3K) programme, Buy Nothing Day in Malaysia is marked annually on July 16 and is entering into its second year.
3K coordinator Paul Selvaraj expects more people to participate this year. |
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Last Updated on Friday, 17 July 2009 09:17 |
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Got Toys? Fisher-Price Just Recalled 10 Million; Check if Yours Are Safe |
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Written by 3K Admin
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Saturday, 02 October 2010 05:04 |
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 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 Time.com: Similac Recall Outrages Parents: Are Beetles Bad?) |
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Last Updated on Saturday, 02 October 2010 05:14 |
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PREVENTING PROFITEERING IN DURING THE FESTIVE SEASON |
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Written by 3K Admin
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Wednesday, 15 September 2010 23:16 |
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 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. |
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Last Updated on Wednesday, 15 September 2010 23:30 |
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