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Skeptical Debunker

In Past Decade, American Funds Created Most Wealth - Yahoo! News - 0 views

  • Morningstar determined that Janus and Putnam were the two largest "wealth destroyers" during the decade, losing $58 billion and $46 billion, respectively. "Janus and Putnam rode the growth wave more than anyone else," Kinnel says. "They had some very aggressive funds that put up big numbers that got huge inflows." After the tech bubble burst, the funds that were most heavily invested in these types of holdings experienced huge sell-offs, which made it difficult for these funds to attract inflows through the remainder of the decade. According to Morningstar, American Funds created about $191 million in wealth for investors during the decade, followed by Vanguard and Fidelity. Since American Funds generally employs a more value-oriented strategy, the firm was largely able to avert the first bear market of the decade. "The 2000 to 2002 bear market was all growth and tech, and American barely touched that, whereas they had lots of value, dividend payers, and bonds, which did very well," Kinnel says. Recently, the tables have turned for American. In 2009, it lost the most of any fund family (more than $25 billion). No fund family, including American, was able to avoid the bear market of 2008. The same strategy that allowed American to bypass most of the first bear market failed because many well-known dividend-paying companies, like big financial firms, experienced huge losses.
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    In a decade with two bear markets and lackluster returns for many investors, American Funds created the most wealth for investors, while Janus destroyed the most wealth, according to a survey released by Morningstar. For the survey, Morningstar looked at the 50 largest mutual fund families and their total net assets at the end of 1999. Then the fund tracker subtracted each fund company's total cash flows over the decade and deducted their total net assets at the end of 2009. Numbers were calculated in dollar terms so that any funds that were liquidated during the decade would also be included.
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    Get this! Mutual funds, where most American's have their 401Ks, IRAs, and retirement savings, performed pitifully in the "great economy" of the 2000's (brought to you by Republican deregulationists starting with Ronald Reagan). The "best" made $191 million (but lost $25 billion in 2009!), the worst lost around $50 billion! What a great way to transfer all that hard earned savings, mostly by the "little guy", from them to the Wall Street gamblers. Another socialistic Republican "redistribution of wealth" of the corporate criminal rich, by the corporate criminal rich, and for the corporate criminal rich.
aarkstore2015

China : Aerospace and Defense Market - 0 views

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    In the past decade, the demand from Aerospace and Defense from China's side has increased at a high number. It is projected that in the coming decade, there will be an increase in the production and the demand. A good and speedy growth is maintained by the Chinese economy and that is considered as the stimulator of the consecutive levels of increase in the industrial output, consumer consumption, import & export and the capital investment over the two decades.
peter schiffer

Gold May Rise for Several Decades says Robert Cohen, manager of Goodman - 0 views

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    Gold May Rise for Several Decades says Robert Cohen, manager of Goodman
peter schiffer

Jim Rogers : Gold hitting $2,000 sometime next decade - 0 views

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    Jim Rogers : Gold hitting $2,000 sometime next decade
insightsmanoj

The 10 Best Performing VMware Solution Providers 2018 June2018 - 0 views

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    The shift to digital resources has gained particularly strong momentum over the past decade. In fact, it is practically impossible today to find a successful business anywhere that still relies exclusively on paper records.
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    The shift to digital resources has gained particularly strong momentum over the past decade. In fact, it is practically impossible today to find a successful business anywhere that still relies exclusively on paper records.
Thomson D

Hinata™ - Massage Chairs | Foot Massagers | Massage Loungers - 0 views

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    hinata has been the numero uno Japanese manufacturer of best quality shiatsu massage chairs and foot massagers for over two decades providing massage loungers for professional and home massage use.
Leonardo Gottems

Argentina, 30 years of the Falklands War and a difficult time for investment: interview... - 0 views

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    here has been three decades that Argentina and Britain joined a war at the Falklands. The war has a bunch of issues to be explored. Author of the book Rabinos de Malvinas (Rabbis from the Falklands), Hernan Dobry is an Argentinian journalist who has been a Bloomberg TV editor, a correspondent for Brazilian and Spanish channels in Buenos Aires, managing editor of Inversor Global, among other major publications. Dobry decided to write the book about the Falklands conflict to describe the unhumane struggles of the Argentine fighters at the time. Also, Dobry wanted to explore the relantionship between rabbis and the Armed Forces of his country. In an interview to Timizzer, the journalist explains more on the book and talks about the economic issues of Argentina...
Leonardo Gottems

World Bank report: stable but risky Mexico - 0 views

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    [Economy , Investors Cut , Latin America ] According to a World Bank report, Mexico has a macroeconomic stability, something that was reached in the last decade. However, the bank points out that risk is slightly higher because the country's fiscal policy is … more
Hillel p

Agriculture in Israel, Farm, Plant and Fruit in Israel - Israel Exporter - 0 views

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    Israel has developed a highly sophisticated agricultural industry during the decades, backed by world class universities and practical experience. Centers like the Weizman Institute and the Volcani center have produced cutting edge technologies that have contributed to higher yields and cost savings for a hungry world.
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    NEWS TODAY click www.killdo.de.gg
Alexander Kühbach

BOABC: Research Report on China's Dairy Cattle Market - 0 views

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    Both the national economy and the income of urban and rural residents rose quickly in the past decade, and the dairy industry gained a substantial development thanks to Government promotion, mobilization from the processing industry, consumption and export demand, and rising of residents' conscience on nutrition and health care. China grew into a big dairy country from one that was short of milk.
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    NEWS TODAY click www.killdo.de.gg
mohammad saygal

New cars of 2010: Small cars - 0 views

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    Prepare to be spoiled for choice - there will be an abundance of small and light cars on sale in 2010, including a few new Alfa Romeos, some Citroens, several Volkswagens, a handful of Protons, plus many more. ALFA ROMEO GIULIETTA The new Alfa Romeo Giulietta will arrive in the fourth quarter of 2010. The replacement of the decade-old 147 will be slightly larger than its predecessor, and
Skeptical Debunker

Switzerland Keeping the Secrets of Alleged Tax Evaders - Yahoo! News - 0 views

  • Pick a dictator, almost any dictator - Cuba's Fulgencio Batista, the Philippines' Ferdinand Marcos, Haiti's Papa and Baby Doc Duvalier, the Shah of Iran, Central African Republic Emperor Jean-BÉdel Bokassa - and they all have this in common: they allegedly stashed their loot in secret, numbered accounts in Swiss banks, safely guarded by the so-called Gnomes of Zurich. This association - of bank secrecy and crime - has been fed into the public's imagination by dozens of books and movies. It's a reputation that rankles the Swiss, who have a more benevolent view of their commitment to privacy - one that happens to extend to tax privacy. Don't ask, because we won't tell. But the dramatic federal investigation of Switzerland's UBS has blown the lid off bank secrecy - and revealed how Swiss banks abet tax evasion on a far more widespread, if more banal, level. Over the past two decades, these secret banking services have been peddled progressively downmarket - first to the lesser-known fabulously wealthy, then to just the wealthy; more recently, private bankers have been tripping over themselves soliciting business from doctors, lawyers and other folks who are what the biz generally calls "high net worth" individuals. "The IRS has been concerned for decades that a combination of a global economy, the Internet, offshore banking, was really going to take offshore tax evasion from the old so-called 'gentlemen's sport' to tax evasion for the masses," says Mark Matthews, a former deputy IRS commissioner and now a tax attorney with Morgan, Lewis & Bockius LLP.
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    The federal investigation into UBS, which led to a $780 million fine and an agreement to turn over the names of more than 4,450 suspected tax cheats, is now in tatters after Swiss courts ruled against the executive-branch deal. To get around it, a special law has been proposed to accomplish the handoff, but that may not get anywhere in the legislature either. One outcome is already known: tax evasion had become a key service of the Swiss economy, not some isolated event. "They have been outed completely because a very large chunk of their business has been shown to include people cheating on taxes," says Jack Blum, a tax-haven expert. Being "reasonably conservative," he estimates 30% of Swiss banking is related to tax evasion, a figure that jibes with recently released bank data. These revelations come as the financial meltdown has punched a huge hole in projected revenues for governments, which are suddenly a whole lot less tolerant of tax cheats. That's particularly true in Germany, whose wealthy account for a significant portion (at least 10%) of the $1.8 trillion in Swiss banking assets. That translates into hundreds of millions in lost revenue and is the reason the German Finance Minister recently thundered, "There's no future for bank secrecy. It's finished. Its time has run out." The Swiss are not going to be so easily convinced. The Swiss government has already warned that it will not cooperate with German authorities if they go ahead with plans to purchase purloined data about Germans with Swiss bank accounts.
Skeptical Debunker

Firing the $70 billion man - Mar. 10, 2010 - 0 views

  • Not only did TCW oust Gundlach, but the firm also announced that it was acquiring an entire company -- crosstown rival Metropolitan West Asset Management -- to replace him. That in turn set off a wave of defections from TCW, as 45 of the 60 staffers who had worked for Gundlach streamed out the door to join him at a new firm that he had opened within days of leaving.Then things really turned nasty. TCW filed an incendiary lawsuit in January accusing Gundlach of conspiring with confederates at TCW to steal proprietary information as part of a long-running plot to form their own competing firm. The suit added a salacious twist of the knife, perfectly calibrated for maximum media interest -- Gundlach had allegedly stashed a trove of illicit material in his office: 70 pornographic magazines and videos, 12 "sexual devices," and several bags of marijuana.Gundlach has countered with his own lawsuit. He charges TCW and its owner, the French bank Société Générale, with pushing him out so that they can get their hands on his lucrative fees. In addition to his mutual funds, Gundlach had managed what were effectively two hedge funds for TCW, each of which commanded the amped-up fees typical of those vehicles. Gundlach calculates that he would have personally reaped $600 million to $1.2 billion over the next few years.
  • TCW seemed content with the arrangement and did little to tie its managers' fates to the company as a whole. Few of them, for example, received significant stakes in TCW. That bred frustration in multiple generations of standout performers, who viewed corporate executives (some of whom did receive ownership shares) as getting rich off their toil.So it went for Gundlach, a bona fide investing star who, by the end, oversaw about 70% of TCW's assets, some $70 billion, putting him in charge of one of the biggest pots of money in the country. Gundlach didn't just generate steady returns; he avoided the blowup of the century. A specialist in mortgage-backed securities, he publicly warned in 2007 that "the subprime mortgage market is a total, unmitigated disaster, and it's going to get worse." He invested accordingly, not only delivering positive returns in the blighted year of 2008 but also earning himself a growing role as a media sage. His ego grew along with it.There are few people like Jeffrey Gundlach in the mutual fund world -- or in any world. A former rock-and-roll drummer, Gundlach, 50, is a math whiz (but not a quant). He views everything in binary terms: Either you perform to his standards or you don't, and he won't hesitate to let you know which category you fall into. Nor is he shy in articulating his view of himself. "I was by far the biggest revenue generator at TCW, by far the biggest performer," he says. "I created $4 billion in value for clients in '09. If telling you that is self-promotion, so be it. It's just a fact."
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    On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross. Two weeks later Gundlach was confronted, fired, and then pursued on foot out of a Los Angeles skyscraper by two lawyers working for TCW, the money management firm with $110 billion in assets where Gundlach had worked for 24 years.
Yudha Setiadi

Role of Private Sector in Achieving Mdgs - 0 views

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    A decade ago, precisely in 2000, the United Nations (UN) proclaimed the Millennium Declaration in New York, USA. A total of 189 countries agreed on the Millennium Declaration as an expression of concern globally to achieve the welfare of the community in various parts of the world.
anonymous

Wheelchair : Handicap Products: Facilities For Disabilities In India Under Disability A... - 0 views

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    Facilities For Disabilities In India Under Disability Act of 1995 India's Disability Act of 1995 provides various facilities for both children and adults with disabilities in India. Under the Disabilities Act of India, children with disabilities have the right to free education until they reach the age of eighteen in schools that are integrated, or in 'special,' schools. Children with disabilities have the right to appropriate transportation, removal of architectural barriers, as well as the restructuring of curriculum and modifications in the examination system. Scholarships, uniforms, books, and teaching materials are all provided to children with disabilities for free in India. Children with disabilities in India have access to special schools that are equipped with vocational training facilities, and non-formal education. India provides training institutions for teachers in order to establish manpower. Parents of children with disabilities in the nation can move to an appropriate court for the redress of grievances in regards to their children with disabilities; Mobility Products for Handicapped. Parents of children with disabilities in India are required to obtain a, 'disability certificate,' in order to access the facilities mentioned above; they can obtain this certificate from their nearest government hospital, where an Identity Card from the, 'Office of the Commissioner for Disabilities,' will issue it. People in rural areas can obtain this Identity Card from their Block Development Officer's Office (BDO). Side Wheel Attachment for Activa Recent Disability Figures in India: At least 1.2 million people with disabilities in India are living in households consisting only of people with disability. While the total people with disabilities increased by just over 22 per cent over a decade, from almost 22 million in the Census 2001 to 26.8 million in 2011, the number of people with disabilities living on their own has nearly doubled, jumpin
Pinhopes Job Site

Careers that can never become obsolete | Pinhopes - 0 views

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    Choosing a career is easy but to be sure of its existence in future is pretty difficult. If you look decades back from now, you must have noticed a number of careers that existed but have become obsolete now. However, there are certain careers that are likely to exist in coming years regardless of economic situation or changing business requirements.
anonymous

Light Wheelchair for Adults - 0 views

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    Light Wheelchair designed to suit every type of disabled people.Choose from traditionally designed wheelchairs available in lightweight and ultra-lightweight models, or peruse our line of fully-featured power wheelchairs, available in travel sizes and heavy duty configurations. We also carry transport chairs sized for both adult and pediatric use, as well as wheelchairs suitable for use in the shower and toilet. Wheelchair athletes, we have what you're looking for, too - check out our sports wheelchairs and get yourself a brand new rig that's perfect for hand cycling, basketball, or tennis! Safe, modern, clean, comfortable, stylish and NHS approved wheelchairs Easy to fold, light weight and will fit in most modern cars Fitted with user brakes and removable footrests Wide range of wheelchair seat sizes to suit most users Light Wheelchair Light Wheelchair is an immense upgrade, over a heavy wheelchair that can cause your condition to worsen and may also lead to further physical problems. In the last decade wheelchairs that are lightweight and foldable have become the norm in industry.lightweight wheelchairs covers a wide range of conditional needs and lifestyle options that may cater to you. Although not as light as an ultra light wheelchair, this series offers many advantages over generic wheelchairs, they are easier to fold and often more portable. Features- Foldable Aluminium (Light weight) Rear wheel to wheel width in open position (inches) : 20" Upholstery: Cloth look like, washable Armrest: Flip up, for easy transfer to bed Legrest: Flip up footplate Wheel Quality: Tear resistant polyurethane wheels Rear Wheel Lock provided Hand brakes provided Dropback handle provided Portable Wheelchairs Portable Wheelchairs are designed for ease of use and are made from durable material. These wheelchair are often foldable and are easier to store than conventional or custom ramps. They are perfect for both manual and electric wheelchairs, as w
anonymous

Wheelchair : Handicap Products: Right Movement For Disability Person - 0 views

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    The disability rights movement is the movement to secure equal opportunities and equal rights for people with disabilities. The specific goals and demands of the movement are: accessibility and safety in transportation, architecture, and the physical environment; equal opportunities in independent living, employment, education, and housing; and freedom from abuse, neglect, and violations of patients' rights.Effective civil rights legislation is sought in order to secure these opportunities and rights. For people with physical disabilities accessibility and safety are primary issues that this movement works to reform. Access to public areas such as city streets and public buildings and restrooms are some of the more visible changes brought about in recent decades. A noticeable change in some parts of the world is the installation of elevators, automatic doors, wide doors and corridors, transit lifts, wheelchair ramps, curb cuts, and the elimination of unnecessary steps where ramps and elevators are not available, allowing people in wheelchairs and with other mobility impairments to use public sidewalks and public transit more easily and more safely.
praneetchawla

OMG ! Federal Increase rate by 25 bps 17 Dec, 2015 ~ MCX COMMODITY TIPS - 0 views

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    FOMC - Closing months of speculation, observation and for the 1st time in the decade, the US Fed Reserve's rate-setting Fed Open Market Committee (FOMC) increased its Fed Funds Rate by 25 basis pts from the 0-0.25 per-cent range to a target of 0.25-0.5 per-cent.
aarkstore2015

India Light Emitting Diodes (LEDs) Market Report - 0 views

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    The emerging technologies have been changing the lighting industry over the past decades, which covers the movement from halogen lamps to incandescent bulbs to Light Emitting Diodes (LEDs).According to Research, Indian LEDs market is expected to grow at a CAGR of 32.0% during the forecast period 20162022 to reach $3.4 billion by 2022.
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