Investments for charities ; Everything you need to know about investments and charities
Risk is part of the investment process and there are a number of risks that trustees should take into account – these are explained in more detail below. Before making any investment decisions, trustees should consider what is the appropriate level of risk that they want to, or are able to, accept. As part of their duty of care, the trustees must be satisfied that the overall level of risk they are taking is right for their charity and its beneficiaries. 
Setting investment objectives is not about avoiding risk, but about recognising and managing it. If a risk materialises and results in a loss to the charity, the trustees will be better protected if they have properly discharged their duties and identified and considered the management of the risk. A loss might mean a low return on an investment or the loss of some, or all, of the amount invested, but it can also be about loss of reputation, perhaps through investing in an unpopular or discredited company. As with any loss or setback, the trustees should review the circumstances of the loss, their risk appetite and how they identify and manage risk generally. They should also take the opportunity to learn from their experiences in order to benefit the charity in the future.
Funds invested for the short and medium term should be relatively risk free as charities will want to avoid sudden drops in capital values which could reduce their available funding. A drop in capital value for funds invested for the longer term is less critical because such investments can be held until their value has recovered.
Although it might be difficult for trustees to justify an investment policy that involves the charity taking on a high level of overall risk, it may be appropriate to include certain high risk investments within the overall portfolio.

An artifically induced rally then sideways and a bull run after Greece crisis after June 18-19

“Markets are artificially prop up but when the cash runs out, normality and sanity will rule the day. How come I see strange data that do not tally with the projections they give, everybody seems to want the economy to falter, or is it a joke? – Contributed by Oogle. “

Thursday, Jun 07, 2012
The Straits Times

“Dow leaps 286 points, its biggest day of the year”
NEW YORK – Hope that European leaders will take steps to ease the region’s debt crisis sent stocks surging to their best day this year on Wednesday.
Speculation that the Federal Reserve could make another move to help the flagging United States economy also drove traders out of bonds and into stocks Wednesday after weeks of losses.
News reports said Germany and European Union officials were considering a plan to lend money from the European bailout fund to help rescue Spain’s hobbled banks.
Mr Jeff Kleintop, chief market strategist at LPL Financial, said the market appeared to be turning on rumors. But the all the talk was enough to convince some traders that the worst was over for now.As of Monday, worries about Greece and Spain had pulled the Standard & Poor’s 500 index down nearly 10 per cent from its peak in early April.
‘The next 10 per cent move is not down, it’s up,’ Mr Kleintop said. The rally started early and gathered force in the afternoon.
The charge turned the Dow Jones industrial average positive for 2012 and erased the biggest loss of the year less than a week after it happened: the 275-point plunge set off by a dismal United States jobs report on Friday.
The Dow Jones industrial average surged 286.84 points Wednesday to close at 12,414.79, its biggest gain since Dec 20.
LPL has started to pull back on bets against the S&P 500 and the euro. ‘We’ve decided it’s time to declare victory,’ Mr Kleintop said.
A speech by a Federal Reserve official also added to speculation that the Fed may take more steps to bolster the US economic recovery.
Mr Dennis Lockhart, president of the Fed’s Atlanta regional bank, says weak job growth over the past two months highlighted the ‘halting and tenuous’ recovery.
If the trend continues, ‘further monetary actions to support the recovery will certainly need to be considered,’ he said.
Federal Reserve Chairman Ben Bernanke will likely be asked about more actions to help the economy when he testifies before a congressional committee on Thursday.
Companies whose stocks have been clobbered the most over the past month had the best gains.
Homebuilders rallied, helped by a strong earnings report from Hovnanian Enterprises and rising applications for new mortgages. Hovnanian’s CEO said he sees signs that the housing industry may be entering the early stages of recovery.
The Mortgage Bankers Association reported that applications for mortgages rose 1.3 per cent last week, largely a result of more people trying to refinance their existing loans.
Hovnanian leapt 18 per cent. PulteGroup surged 7 per cent and Lennar Corp 4 per cent.
The gains were spread across the market. Only 11 companies in the S&P 500 dropped, and every industry group in the index rose, led by energy and financial companies.
Roughly seven stocks rose for every one that fell on the New York Stock Exchange.
Mr Jim Russell, chief equity strategist at US Bank Wealth Management in Cincinnati, Ohio, said it’s natural for the market to have a strong day after an extended beat-down.
On such days, it’s usually the companies that were hit the hardest that fare best. ‘In market language, it’s called a technical bounce,’ he said.
‘There’s no bad news today, so the market goes up. Frankly, it’s that simple.’
US markets followed major European indexes higher. Indexes rose 2.4 per cent in the UK and France. Borrowing costs eased for Spain, another positive sign.
In other trading, the Standard & Poor’s 500 rose 29.63 points to 1,315.13. The Nasdaq composite rose 66.61 points to 2,844.72.
A Federal Reserve survey showed growth across the country. Hiring was steady, according to the Fed’s ‘Beige Book.’
That’s in marked contrast to the government’s monthly jobs report, which said employers added the fewest jobs in a year last month.
The dollar dipped and Treasury yields rose as investors moved money out of defensive investments. The yield on the benchmark rose to 1.64 per cent from 1.57 per cent late Tuesday.
Among stocks making big moves: – Morgan Stanley jumped US$1.08 (S$1.38), 8 per cent, to US$13.94 (S$17.81) amid reports that the Blackstone Group and other private equity firms may try to buy a stake in the bank’s commodities business.
– UnitedHealth Group gained US$1.66 (S$2.12), 3 per cent, to US$57.70 (S$73.73) after the health insurer said it will raise its quarterly dividend from 16 cents to 21 cents per share. The board also approved a plan to buy back stock.
– Tempur-Pedic International plunged US$21.28 (S$27.19), 49 per cent, to US$22.39 (S$28.61). The mattress maker said it expects quarterly profits to fall by half compared to last year. Tempur-Pedic blamed its competitors’ aggressive marketing campaigns and promotions for hurting its sales.
This article was first published in The Straits Times.
You need to create a Timeline of all news and events that will occur during your analysis, with an assumption how the news or events will affect the markets, calculating the % and probability, and charting could be a clear indicator from data of past events, it is using the right charts for the right events, to give a future analysis.
The creation of wealth and the cycle of money
– You give credit to generate interests
– You give people an opportunity to make money
– Then you collect back taxes and revenue

“An artifically induced rally, thereafter sideways and a bull run after Greece crisis after June 18-19, things will be slow but will pick up until end July, where reforms at Japan’s new parliament, with US better job data and China’s and India’s better PMI index will surge from August towards the end of December.”

– Contributed by Oogle.

It is not rocket science, I can easily train an army of agents without anyone knowing

It is not rocket science, I can easily train an army of agents without anyone knowing

If I want to target you
Just with your mobile phone
I can easily track your GPS co-ordinates
And if I know your habits
Especially if you are computer worker
I can easily push info to you
And also “programme” you
I can use keywords to create a chain of events
I can also transfer knowledge to you without you knowig
To do my bidding
Without you knowing a thing in the world
Without exposing my identity
And nobody in the world can track me down
Nobody in the world will understand my technology
I can easily “programme” my own knowledge
Hit on me and you will regret
Play with me, you are playing fire
I have conditioned myself so nobody can touch me
Nobody can achieve what I can do.

– Contributed by Oogle.
P/s My work (the Brain and Developing Intelligence) is not complete yet and everybody still want to play games I use you all as guinea pigs with side effects, I can easily create another Einstein but if you carry on your nonsense, everybody gets nothing and you can forget about putting US$500 Billion into the economy. 
@Copyright reserved for the UN.

UN need not the participation of world leaders, give no benefits to those who do not want to attend

“Now even everyone wants to fool around with the search results, seem like everyone like to play games, even world leaders like to clown around with me. – Contributed by Oogle. “

Posted: 06 June 2012 1433 hrs
UNITED NATIONS: UN leader Ban Ki-moon is battling to rescue a summit of more than 100 world leaders in Rio de Janeiro in two weeks which he says must guide the world away from a “tragic” end.
The UN Conference on Sustainable Development is taking on the vast challenge of transforming environmental, social and economic policy to cope with a world population past seven billion, exhausting dwindling resources and straining cities to the limit.
Ban and specialist groups have however accused governments of putting national interests before the common good in months of agonising negotiations before the Rio event to mark the 20th anniversary of the Earth summit in the same city.
Rich nations have been hit by the economic crisis and want austerity. Poor nations complain that past promises to give extra cash and new technology to battle climate change, poverty and epidemics have still not been carried out.
With US President Barack Obama, Britain’s Prime Minister David Cameron and Germany’s Chancellor Angela Merkel staying away from the so-called Rio+20 summit, the UN secretary general is now furiously lobbying leaders to get an action plan agreed.
“We have to now have a correct vision where we are heading. Whether we are heading toward mutual prosperity, common prosperity, or whether we are going toward very negative tragic consequences for humanity,” Ban said on Monday in Saudi Arabia.
“The negotiations have been painfully slow,” he said in a recent meeting with reporters.
“This planet has limits and we have to do something for coming generations,” he added, highlighting the droughts, floods, food shortages and the frantic exploitation of minerals that blights various parts of the world.
Ban says governments should be more flexible. “They should rise above national interests or group interests.”
The summit will touch on just about every social and environmental problem facing the world ranging from food security, global health, liveable cities to oceans and climate change.
Thousands of pages of proposals for the Rio+20 final agenda, were cut to 20 pages in the first talks last year, only to mushroom back up to 275 under review. It is still an 80-page blockbuster.
Rich and poor nations cannot agree how to define the green economy and set out a plan for its development.
The summit aims to set out new Sustainable Development Goals that would take in the eight Millennium Development Goals on improving health and eliminating poverty but add new targets to protect the environment and the Earth’s resources.
For now, there is no accord how many goals there should be and what they should be. The 193 UN members have proposed 26 areas — ranging from health to liveable cities and protecting oceans and mountains — for which new goals should be set, according to Ban.
Diplomats say rich nations cannot agree among themselves how to police the new era of sustainable development.
There have been calls for the strengthening of the UN Environment Programme, which is based in Nairobi, to turn it into a super agency. Other nations want a Sustainable Development Council with the same moral authority as the UN’s Human Rights Council to name and shame.
“Every indication is that governments are basically set to endorse more of the same. From everything we know from scientists and civil society we need a major course correction. And that’s the big gap we are staring in the face,” said Antonio Hill, Oxfam’s campaign advisor for the summit.
Jeffrey Huffines, UN representative for the World Alliance for Citizen Participation (Civicus), which represented non-government groups in the summit preparations, said “big differences” remain.
Huffines highlighted the “lack of trust” between rich and poor and the absence of top leaders such as Obama.
“Whether or not the heads of state of some of the more powerful countries come, we will go back to our respective countries where we will hold our governments accountable to agreements made in Rio,” he said.

– AFP/al

It is not chordoma, so treatment is possible, go get a sample to test what it is

China Daily/Asia News Network
Wednesday, Jun 06, 2012

CHINA – Li Hongfang, of the remote Tianchao village in Qian county of Xianyang, Northwest China’s Shaanxi province, has seven tumors on her face that scare people away.
The nightmare started for the 40-year-old woman in 2001, when she noticed a fingernail-sized lump on her forehead. She ignored it as it was not itchy or painful. But its increasingly worrisome appearance finally became urgent, and Li sought help at an infirmary in the county, with 300 yuan (S$61) and two bags of wheat in hand.
The scans produced no results. The doctor suggested she go to a large hospital in Xi’an, capital city of the province, for further tests. Li refused because she feared a hefty cost, a decision that she regrets.
After enduring the pain for another four years, during which she lost her husband to a cerebral hemorrhage in 2005, Li sold all her valuables for several thousand yuan, to get surgery in Xi’an. But things did not turn out well.
The doctors, after another examination, diagnosed the seven facial tumors as chordoma, a kind of bone cancer, and it would cost at least 600,000 yuan for the surgery.
Li didn’t understand how big the sum was, but she knew such a number was way beyond what she could afford. She received no government subsidies because she did not participated in China’s rural cooperative medical care system.
The only other option she had was to see more doctors in big cities and try a variety of medicines, which meant she had to commute to Xianyang, 50 kilometers away, and Xi’an, 70 kilometers.
For a widow with two sons to raise, it was a huge hardship. Her savings soon ran out, and the debt-ridded Li sometimes could only beg on the streets for her treatment, which was 700 yuan at a time.
She gained some comfort from her second husband, Guo Yingping, by 2009, who shared her 10-square-meter shed. Guo makes a living by building houses in nearby villages, and he spends all his wages, about 80 yuan per day, on his wife’s treatment.
Her two sons, 17 and 14, left the village to work despite her objections.
But her tumors are getting worse, covering the entire right side of her face and growing down to her breast. She also lost much of her hair.
Li, in spite of all those setbacks, said she would stay positive.
“I don’t want my sons to lose their mother early like I did, so I have to be tough.”
She hopes her sons can go back to school after she is cured.
Several students from home and abroad visited Li in April and wrote about her on Weibo, China’s Twitter-like service, which was forwarded by thousands who sent text messages to encourage Li and called for help from the public.
WASHINGTON: A newly approved drug has shown promise in keeping two rare variations of skin cancer at bay, according to research published in the New England Journal of Medicine on Wednesday.
The drug, Erivedge (vismodegib), is made by Genentech, a US subsidiary of the Swiss drug giant Roche, and was approved by the US Food and Drug Administration in January after an expedited review.
It aims to treat basal cell carcinoma, which is the most common form of skin cancer in the world but which is rarely deadly. Basal cell carcinoma accounts for 80 percent of non-melanoma cancers and some two million new cases in the US each year.
The journal published two studies that show how it helped some patients with two unusual variations of basal cell carcinoma: metastatic basal cell carcinoma and Gorlin syndrome, also known as Basal Cell Nevus Syndrome.
There is no other treatment for Gorlin syndrome, which strikes one in 50,000 people and involves the constant growth of tumours, which are often not deadly but can cause scarring and require frequent surgeries.
Subjects with Gorlin syndrome who took vismodegib developed an average of two new tumours per year, compared with 29 new tumours in subjects taking a placebo, the study said.
When it came to people whose basal cell carcinoma had spread, the study showed 30 percent of 33 patients with metastatic basal cell carcinoma responded to treatment, meaning their tumours shrank.
Forty-three percent of 63 subjects with locally advanced basal cell carcinoma responded in kind.
The phase II study showed a median progression-free survival time of 9.5 months, but overall survival rates have not yet been established.
“It is a landmark day for patients with basal cell carcinoma and all those involved in their care — the greatest advance in therapy yet seen for this disease,” said an accompanying editorial by John Lear, consultant dermatologist at Manchester Royal Infirmary in Britain.
However, he pointed out the high rate of adverse effects, including loss of taste, hair loss and muscle cramps, which led to a high rate of people dropping out of the study early.
“Side effects are considerable and frequent, resulting in high rates of drug discontinuation, and these rates will probably be even higher in clinical practice,” Lear said.
More study is needed to determine how long the drug may work to ward off cancer, what populations it may best serve, and when it should be optimally administered, he added.

– AFP/al

Fun running circles round your enemy?

Kung Fu Panda: Legends of Awesomeness is an American computer-animated television series based on the Kung Fu Panda films. It takes place between the 2 films showing Po’s training to becoming a successful Dragon Warrior. The series was originally set to air on Nickelodeon in 2010, but it was pushed back to 2011 instead. A total of 52 episodes have been produced or ordered.[1] Two special previews were aired on September 19 and October 21, and it premiered on November 7, 2011.[2]
Po and the Furious Five defend the Valley of Peace from villains of different kinds. All the while, Po makes mistakes, learns lessons, learns more about the history of Kung Fu, and meets famous Kung Fu masters like him.
There is no one in the world like me, carry on and fool around with me and I am going to fool around with everybody, you can destroy my business, play tricks with everyone so that girls will not have sex with me until I show you the money, now I will bankrupt you if you still continue, force me to I can even kill everyone involved and nobody dare to do anything to me, I can command the entire army of the entire world, and start a nuclear war anytime, I do not want to start a war, but if this carry on, twist my arm and the world will see my fury. – Contributed by Oogle.

Tarantula in Tinsukia? This species is created and is lethal, no existing mutation of such species

Updated 10:51 PM Jun 05, 2012
GAUHATI (India) – Large biting spiders have sparked panic in remote northeast India, but health authorities fear primitive treatment of the bites’ painful swelling may be more dangerous than the spiders themselves.
Two people died in Tinsukia district after witch doctors used razor blades to drain the wounds. It’s not known if the victims died from spider poison or from the attempted treatment. Local magistrate Kishore Thakuria said the victims were cremated before autopsies could be done.
Another seven bite victims have been treated with antibiotics against infection after they also tried themselves to drain their wounds, said Dr Anil Phapowali at the local Sadiya town hospital.
The hairy spiders were noticed about a month ago across Tinsukia district’s grassy plains and dense jungle forests north of the Brahmaputra River.
Ecologist L.R. Saikia at Assam’s Dibrugarh University said it may be a previously unknown species of tarantula. The spiders are roughly the size of a person’s thumb.
“It looks like a new species. We haven’t been able to identify it,” he said Tuesday. Officials cannot use anti-venom in treating bite victims until the species is identified.
Meanwhile, villagers are keeping lamps on at night and standing guard against spiders entering their mud-and-thatch huts. There are about 100,000 villagers, mostly poor rice farmers, living in the area cut off from roads by the river.
Officials say the spiders are now also showing up south of the Brahmaputra. AP

Because the species is unknown, it is impossible to treat this spider bite, using the wrong antibiotics has consequences, the best is prevention, destroy all the habitats that may support this mutant, by using sulphur to surround your own house or likely places this spider will appear.
– Contributed by Oogle.