eK0n0mi taK seriU$ d/h ekonomitakserius@blogspot.com

Oktober 26, 2007


Filed under: Uncategorized — bumi2009fans @ 1:58 am

New Home Sales rise after hefty downward revisions
September sales rise 4.8%, but at second-lowest level in 10 years
By Rex Nutting, MarketWatch
Last Update: 3:35 PM ET Oct 25, 2007
WASHINGTON (MarketWatch) — Sales of new homes rebounded in September from summer sales levels that were much weaker than previously reported, the Commerce Department reported Thursday.
Sales increased 4.8% to a seasonally adjusted annual rate of 770,000 from a revised 735,000 in August, an 11-year low. Previously, August’s sales had been reported at a 795,000 pace. Read the full report.
September’s sales were slightly higher than the 758,000 pace expected by economists surveyed by MarketWatch. See Economic Calendar.
The three previous months were revised sharply lower, which means the housing market was much weaker in the middle of the year than previous believed, and no one believed it was strong.
Investors focused on the 4.8% monthly gain, pushing up the homebuilders’ stocks. See full story.
“The crash continues,” wrote Ian Shepherdson, chief economist for High Frequency Economics. Sales fell at a 35% annualized pace in the third quarter, he said.
“Even accounting for September’s rebound, the latest sales level is still the second lowest in more than a decade,” said Michael Gregory, an economist for BMO Capital Markets, in a note to clients.
The large revisions highlight the low confidence that government statisticians have in the monthly report and the frequent large revisions it undergoes. The report is updated for several months as the government gets more responses from home builders to its surveys.
“Take this one with a large truck load of salt,” wrote Richard Moody, chief economist for Mission Residential.
Longer trends do a better job of showing the reality of the housing market than volatile monthly numbers. Sales of new homes are down 23.3% in the past year.
The sales figures do not account for canceled sales contracts, which have surged in recent months, especially since the seizing up of some mortgage markets. Builders have reported cancellation rates as high as 68%.
Combined, sales of all single-family homes, both existing and new, fell 6.8% in September to 5.15 million annualized, the lowest total since January 1998. That’s the second-largest monthly decline in 19 years.
Many buyers are unable to find financing at the rate they want. Mortgages for subprime and Alt-A loans have become almost impossible to find outside of government programs. The market for jumbo loans above $417,000 also dried up in August and September.
The “financial chaos” is hurting the market, said Robert Brusca, chief economist for FAO Economics in an interview with the MarketWatch Radio
Inventories of new homes on the market fell 1.5% to 523,000, representing an 8.3-month supply, down from 9 months in August. The inventory of completed homes continued to rise, however.
New construction on single-family homes has plunged 31% in the past year, according to a separate report released earlier. Builders are frantically trying to reduce their inventories.
Supply of existing homes could skyrocket. A congressional study found that as many as 2 million homeowners could lose their homes in the next two years to foreclosure due to higher interest rate payments as their adjustable-rate mortgage resets. See full story.
Sales of new homes rose in two of four regions in September, with sales in the West rising 38% after a 23% drop in August. Sales fell 19.5% in the Midwest to the slowest pace in 16 years. Sales dropped 6.6% in the Northeast and were essentially flat in the South, rising 0.5%.
The median sales price of $238,000 was up 5% compared with a year earlier. The median sales price reflects the mix of homes sold in a month.
On Wednesday, the National Association of Realtors reported an 8% drop in existing-home sales, while inventories of existing single-family homes rose to a nearly 20-year high. See full story.
The government cautions that its housing data are subject to large sampling and other statistical errors. Large revisions are common. The standard error of 10.3% is so high, in fact, that the government cannot be sure in most months whether sales rose or fell.
It can take up to five months for a trend in sales to emerge. New-home sales have averaged 792,000 per month annualized over the past five months, compared with 820,000 in the five months ending in August. That’s the lowest in 10 years.
Home builders have piled on incentives, including offering free vacations and new cars, to sell homes and reduce inventories. Such incentives are not subtracted from the sales price reported to the government.
Sales are reported when a contract is signed, not at the closing of the sale. Home builders have reported a large increase in cancellations in recent months, with some builders reporting that 50% of orders are cancelled. Cancellations are not reflected in the government data, so the reported sales are likely overstated, and inventories are unstated.
In other reports released Thursday, the Commerce Department said orders for durable goods fell 1.7% as demand for defense goods dropped. Outside of defense, orders rose 0.7%. See full story.
The Labor Department said filings for unemployment benefits fell by 8,000 last week to 331,000, while the less-volatile four-week average rose to a seven-week high. See full story.
Rex Nutting is Washington bureau chief of MarketWatch.


2008: year of competitiveness…

Filed under: Uncategorized — bumi2009fans @ 12:26 am

as the usa maintains the status of the world geopolitical champion, the economic balance will shift a bit to the emerging markets … no more number one world’s public enemy foreseen … i suspect that oil prices will no longer gain popularity as it does in 2007, because the major psychological barrier for the price has been reached …. year after year, world business comunities have developed ways of controlling supply cost inflation … please, no more manipulation of oil pricing strategy …. world need a push for eliminating the social diseases, for example, the poverty and the ignorance …. inflation is still the single biggest financial threat in the coming year … would the global economy achieve more significant progress toward its real goal i.e. poverty eradication next year? …. i doubt it …. even in the major developed countries the poverty condition is still a headache, the rich becomes richer, while the poor becomes poorer … i predict those are as the major themes for the global economy, still, for 2008 … these economic fundamentals will bring the competitiveness for survival, especially in the 60 countries which are included in the biggest economic capacities of the world … asia pacific region may still be the leader for global economic growth … big multilateral financial institutions, such as imf, have make indications that 2008 will make another round of global gdp growth … but to a slow one …. i believe that the usa should be able to exit from the economic slowdown … the china mainland should not be disturbed in their growth achievement, but a lower one as well … global inflation should be more addressed next year or the world may erase the peak performances for decades … welcome the year of lesser traditional natural resources … we’ll see u then …

Oktober 23, 2007

absolutely agree to….

Filed under: Uncategorized — bumi2009fans @ 1:24 am

the well banker program mentioned in the last article i attached in the blog …. i agree that none of us should continuously and persistently watch the numbers reported in cnbc or market monitoring tv programs … and it’s not acceptable because how could you make action when the markets volatility was very high and sometime lasted one second or less than a second only for two contrasted different numbers to come up in the screen … while the numbers came up in the screen were delayed collected in, so numbers were only as an indicators only… you can’t make an aggressive action based on numbers in the glass … so let the numbers fly far away in the universe … longer term view, another thing i agree to … even the professional traders are now happy to follow the warren buffett’s way, shorter term led to a unexpectedly volatility only and stressed out trader condition …. be a long term investors!

black mondayism…

Filed under: Uncategorized — bumi2009fans @ 1:18 am

stressed-out person as traders were, not anymore today? well, we’ll see…

Stressed Out on Wall Street
Tuesday October 16, 8:08 am ET
By Steve Rosenbush
Over the summer, hedge fund manager Nandu Narayanan found his temper growing short. At the height of the selling in August, the credit markets ground to a halt and many banks and hedge funds were forced to divest assets at steep discounts. Worry about the extent of risk in mortgage-backed securities reached a fever pitch, leading to a 10% correction.
“The situation we have been in for the past few weeks is the most stressful of times,” says the 43-year-old Narayanan, who actually made money amid the turmoil (BusinessWeek.com, 8/27/07) due to his short positions. “For me, it is agonizing.” The founder of the $100 million hedge fund Trident Investment Management was hardly alone.

This wasn’t just any old correction. It was a financial crisis on par with the meltdown in the Asian markets in 1998 or the U.S. tech-stock collapse in 2000. Some parts of the credit market essentially shut down, making it nearly impossible for traders to value their assets or sell them at anything but a deep discount. The losses at Citigroup (NYSE:C – News) hit $5 billion, and at Bear Stearns (NYSE:BSC – News) two highly leveraged funds imploded (BusinessWeek.com, 10/11/07) amid the financial carnage. But those losses, however large, can be written off. In most cases, the investor or fund simply moves on.

Emotions Run High

But the personal toll from such events can be just as great, and even more complex. Such an episode creates enormous stress for asset managers, who may face personal financial ruin and the loss of their clients’ money, not to mention power, prestige, status, and identity. It’s a career-ender for some and a major test for others.

The psychic toll extracted by the market is seldom discussed outside the home or small circles of friends. “Wall Street is supposed to be a tough crowd, and most people just suck it up,” says recruiter Alan Hilliker of executive search firm Egon Zehnder International.

Traders and bankers cope in various ways. Some drink heavily or use illegal drugs. During the go-go years of the 1980s, the atmosphere was looser and Wall Streeters’ tempers ran freer. One hedge fund manager, who declined to be identified, recalled a 1989 incident when he was a trader at Salomon Brothers, the investment bank now owned by Citigroup. He says he looked on as a well-regarded analyst walked from his office to the trading floor, where he encountered a bond trader. The conversation between the two ended when the analyst picked up a computer monitor and hurled it to the floor in frustration, the former trader says.

Changing Norms

While Wall Street still has its rough edges, the culture is far more straitlaced today than in past eras. “It’s more institutionalized,” says one hedge fund manager. It’s no longer acceptable to deal with your stress by hurling a computer on the floor or by indulging in drink, drugs, or alcohol. As a practical matter, the threat of a lawsuit is much higher than before. And traders are generally a more professional group than in past decades. “There weren’t as many Wharton MBAs on the scene during the 80s,” says the fund manager, who spoke on condition that he not be identified.

Today, when drugs are employed against stress, they’re more likely to be the prescription variety. Another hedge fund manager, speaking on condition of anonymity, says he has been taking antidepressants for years. While his work didn’t cause his depression, it can exacerbate it. That can lead to a modification in medication or work habits. He once even closed a particularly troublesome fund at the urging of his wife, who said it was leading to severe stress that was affecting his behavior and disrupting their marriage.

That same hedge fund manager says he saw no problem with the prescription use of Ritalin, which is used to treat attention deficit disorder and help sharpen focus. “You use the drugs you need to achieve psychological stability and function at a high level,” the manager says.

A Well-Banker Program

Today most big investment banks have better mechanisms for helping traders and bankers cope with stress. Goldman Sachs (NYSE:GS – News), for example, has an extensive wellness program. “Wellness is increasingly important to Goldman Sachs,” says spokeswoman Gia Maron. That’s because employees want such programs, which are also attractive to companies for financial reasons. Employers want to avoid rising health-care costs and legal bills associated with liability.

Goldman’s major offices include health centers staffed by a variety of doctors and nurses, a physical therapist, and a nutritionist. Mental health therapists are available, too. Employees can pop in for a flu shot or a Lamaze class. Facilities include a gym and a resting room, where a banker who has pulled an all-nighter can take a break.

Not all financial professionals have access to such benefits and perks. They must learn to cope with what they have on hand. “If I have a bad day trading, I try to go outside and ride my bike or work out, to keep my mind off the market,” says Charlie Santaularia, 24, a managing director at Parrot Trading Partners, a $12 million hedge fund with offices in Denver and Lawrence, Kan.

A Healthy Distance

Asset managers often find they can’t think properly when the anxiety gets too intense. “Stress impairs your judgment,” says Narayanan, a “macro” manager with a PhD from MIT who makes bets on major trends in finance and economics. To minimize stress, he doesn’t keep a live quote screen on his desk, so he doesn’t have a constant reminder of whether his positions are up or down. If he wants to check a price, he walks onto the trading floor.

Narayanan also says he uses “stop-loss” orders to minimize his financial — and psychic — pain. A stop-loss order automatically sells an asset if it drops in value by a predetermined amount. “Getting out of a bad position is a big relief because it means you don’t have to worry about it anymore. The worst thing about stress is that it takes energy away from coming up with new ideas that can make money,” he says.

One veteran asset manager says stress levels are a function of a short-term investment horizon. “I have been doing this for the last 40 years. Wall Street has a quarterly focus, and if you watch CNBC, it is like watching a sports event, as they count down the seconds to the release of a government report,” says Marvin Roffman, chairman of Roffman Miller Associates.

That sort of moment-by-moment mentality inevitably lead to high levels of anxiety. Roffman says he tries to maintain a longer-term focus, following the path blazed by legendary investors such as Warren Buffett. In Roffman’s view, a longer outlook leads to bigger profits and “absolutely” a better night’s sleep.

Oktober 18, 2007

neh bukan kata gw…

Filed under: Uncategorized — bumi2009fans @ 2:53 am

kata orang2 yang jauh lebe berbobot n autoritatif:
Kamis, 18/10/2007

Imbal hasil reksa dana saham bakal tembus 50%

JAKARTA: Imbal hasil (return) reksa dana saham akhir tahun ini diperkirakan mencapai 50%, menyusul ekspektasi penurunan suku bunga The Fed yang akan melambungkan harga saham di bursa Jakarta dan regional.
Proyeksi return itu sedikit lebih tinggi dibandingkan dengan imbal hasil akhir tahun lalu, sebesar 44,7% dari 28 produk reksa dana saham.

Analis reksa dana PT Infovesta Utama Rudiyanto mengatakan indikasi lonjakan pertumbuhan return itu terlihat dari data reksa dana saham tahun berjalan (year to date) per 11 Oktober, yang diikuti oleh peningkatan nilai aktiva bersih (NAB)-nya.

Sehari sebelum Idulfitri, seluruh produk reksa dana saham membukukan return rata-rata 37,95%, sedangkan indeks harga saham gabungan (IHSG) Bursa Efek Jakarta tumbuh 46,12%.

“Dengan kondisi pasar saham yang cenderung bullish seperti sekarang, return reksa dana saham bisa melampaui perolehan tahun lalu. Masih ada potensi pertumbuhan imbal hasil 45%-50% pada akhir 2007,” tuturnya kepada Bisnis, kemarin.

Dalam tiga bulan terakhir ini, menurut Rudiyanto, investor melihat peluang tersebut dengan menggelontorkan lebih banyak investasi ke reksa dana saham, sehingga NAB reksa dana saham terdongkrak mendekati NAB reksa dana pendapatan tetap (fixed income).

Pada Oktober, NAB reksa dana saham berada di posisi Rp25,3 triliun. Angka ini mendekati NAB reksa dana pendapatan tetap yang mencapai Rp25,7 triliun.

Padahal, tiga bulan lalu NAB reksa dana saham masih Rp19 triliun (25,6% dari NAB industri reksa dana). Angka ini berada jauh di belakang aset reksa dana fixed income yang mencapai Rp27 triliun (37% dari total industri).

NAB reksa dana saham per September bahkan sempat menyentuh Rp24,2 triliun, melampaui NAB reksa dana fixed income yang berada di posisi Rp23,7 triliun. Itu merupakan rekor pertama dana kelolaan reksa dana berbasis saham melampaui nilai kelolaan reksa dana berbasis obligasi (surat utang).

“Jika kondisi pasar sesuai ekspektasi, saya perkirakan dana kelolaan reksa dana saham naik terus, karena kondisi sedang bagus. Suku bunga The Fed bulan depan diprediksi turun lagi,” ujar Rudiyanto.

Apalagi, lanjutnya, Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-LK) mengeluarkan daftar efek syariah sebanyak 169 saham syariah yang diharapkan menambah instrumen efek sebagai portofolio investasi reksa dana saham syariah.

Dengan makin banyaknya efek syariah, instrumen investasi sebagai underlying asset produk ini pun kian beragam dan bisa menyerap lebih banyak dana investasi masyarakat.

Asosiasi Pengelola Reksa Dana Indonesia (APRDI) selama ini mengeluhkan minimnya instrumen investasi syariah yang menyebabkan dana kelolaan reksa dana syariah tidak bisa tumbuh mengejar kelolaan reksa dana konvensional.

“Dana kelolaan reksa dana syariah secara keseluruhan baru 1% dari total nilai aktiva bersih atau Rp800 miliar dari total kelolaan reksa dana Rp76 triliun,” tutur Ketua APRDI Abiprayadi Rianto, belum lama ini.

Data pemodal

Pada perkembangan lain, Kepala Biro Pengelolaan Investasi Bapepam-LK Djoko Hendratto mendukung upaya APRDI yang hendak menyusun data pemodal reksa dana lebih rinci guna mengetahui jumlah pasti investor.

Dalam waktu dekat, Djoko mengadakan koordinasi dengan APRDI menyangkut penyusunan data tersebut. “Kami belum mempunyai data pemodal reksa dana secara spesifik. Kalau memang APRDI mau membikin itu, ya bagus. Saya akan kontak mereka.”

Djoko mengakui sejauh ini dia belum memiliki data rinci mengenai investor reksa dana. Yang dimiliki Bapepam-LK baru sebatas data investor umum, seperti dilaporkan pelaku industri. (arif.gunawan@bisnis.co.id)

Oleh Arif Gunawan S.
Bisnis Indonesia

stable young, growing adult

Filed under: Uncategorized — bumi2009fans @ 2:46 am

…it means that while you’re still young please have a good life style, not a glamourous one … a good life style will bring you a wonderful life style later on … no so very long time, but it’s not that difficult or hard to do … it pays back a lot to u … let’s see what need to do while u’r still young n healthy:
Become a millionaire: Start saving in your youth
Tuesday October 16, 6:00 am ET

Jay MacDonald

Being young and financially irresponsible is great fun, but being old and broke stinks.
Still, that doesn’t mean you have to become a shut-in and put every spare cent into your retirement plan. Tuck away a little bit on a regular basis and you can party when you’re 19 and 99.

The turbulent 20s, that sometimes pleasurable, often painful transition from carefree adolescence to responsible adulthood, is admittedly a difficult time for anyone to focus on saving for retirement.

“It’s tough to start talking too many numbers with young people because a lot of times they’re also overwhelmed — it’s their first job, their first real paycheck, their first apartment, their first time dealing with health insurance,” says Derek Avdul, financial consultant and author of “Real Life 101: The Workbook.”

“When you have all these variables going on and they’re trying to be grown-ups, retirement just takes a back burner for a lot of them.”

Small sacrifices
Saving a little bit each month from the time you are young doesn’t require great sacrifice, yet it can make the difference between prosperity and poverty in the second half of your life.

Put retirement front and center

1. Cut the financial umbilical cord
2. Make affordable sacrifices
3. Women: Pay close attention
4. Make it, but don’t take it
5. Don’t pass up free-money 401(k) plans
6. Live within your means

The reason their parents’ generation continues to harp on it, with the best of intentions of course, is that many of them wish they’d started saving earlier, when they could have made smaller sacrifices and let compound interest do the heavy lifting. Compound interest, you may recall, is interest that is calculated on the initial principal and the accumulated interest of prior periods.

But that sage advice, as sound as it is timeless, still mostly falls on deaf ears.

“You can’t talk to them about 30 years from now and how compound interest is going to benefit them, because, as we all know, at that age you know a lot more than anybody older than you and you’re not going to need retirement money because you’re going to make it big on your own,” Avdul says.

Cut the financial umbilical cord
Unrealistic money expectations are rampant among young people today, according to author Nicholas Aretakis, who interviewed hundreds of 20-somethings coast to coast for his tough-talking survival guide, “No More Ramen.”

“Why don’t they save? The short version is, they never had to do it before. Their parents, the baby boomers and just after, have done so well economically that they’ve never had to have a budget before,” he says.

“The problem is, when they’re living at home, they take for granted that room and board is free, transportation is relatively free, most of their expenses are gratis on the parents, so they’ve got that financial umbilical cord. When they do break out on their own, they find out that everything has an associated cost. It’s a really tough concept for them that they just got done with college and they already have to save for retirement, so some of them are frozen in time and they just don’t start saving,” Aretakis says.

Make affordable sacrifices
Peg Downey, a fee-only Certified Financial Planner and partner in Money Plans, of Silver Spring, Md., says it only takes a small lifestyle adjustment early on, not a major commitment, to get this saving party started.

“If they just saved what they spend everyday at Starbucks, they would have a million dollars right there when they retired,” she says. “It’s phenomenal.”

Maybe not a million — but a half million, easy. Why quit the daily stop at Starbucks? You can brew that good stuff at home much more cheaply.

Let’s say that, beginning at age 25, you put the equivalent of seven $4 grande lattes a week toward retirement, setting aside $121 a month. If you invest it in a stock mutual fund with annualized returns of 9 percent, you would see $23,415 after 10 years, $80,814 after 20 years, $221,520 after 30 years and a whopping half-mil, or $566,440, when you retire at age 65.

Similarly, you can add even more to your retirement funds if you routinely set aside the price of small purchases.

Small trade-offs to make for future security:

A couple of movie dates a month.

An occasional manicure or tanning session.

Music CDs.

A couple of appletinis a week.

Women: Pay close attention
Of course, historically, investing in a stock fund that mimics an index such as the Standard & Poor’s 500 has offered returns of 10 percent, but there is no guarantee that it will continue to do so in the future. Nevertheless, young folks are in the best position to weather the storms of volatile markets because they have more time to recoup losses.

Downey says young women in particular need to start socking away the latte cash sooner rather than later.

“They’re going to live longer, they’re going to earn less, and they may need to fund their own retirement,” she says. “The way that jobs work now, you don’t stay at one job more than a couple of years, so nobody is going to be building up any kind of pension, even if there was one.”

Make it, but don’t take it
The easiest way to make affordable sacrifices on a regular basis? Take the money out of your paycheck before it hits your hand.

“Get them to open up a savings account and, even if it’s $20 a paycheck, just siphon that off so that it automatically goes in there,” says Avdul.

“The first goal is to get them to take it out so they don’t have to think about it.”

Downey agrees: “It’s rare that people actually think to have money taken out of their check automatically every month; it can go into a money market account or a mutual fund.

“When I say that, people are just amazed. You never see it so you won’t spend it.”

Don’t pass up free-money 401(k) plans
Employer-match 401(k) plans work well that way for many. Although some young workers bristle at tying up their money for so long, an employer match is one of life’s rare free-money opportunities that are too good to pass up.

“So many people tell me, ‘I can’t afford the 401(k), I’ll do that in a couple years when I’m settled,'” says Aretakis. “You can’t afford to wait.”

Say your company will match 50 percent of your contributions, up to 6 percent of your salary. And let’s imagine you earn $40,000. If you agree to contribute 6 percent, or $2,400, your company would add another $1,200 to the pot. That’s a 50 percent return on your money without even putting it into a risky stock fund.

On top of that, you’re putting away money on a pretax basis, which lowers your income base when it comes to paying the tax piper.

“If you’re getting taxed maybe 25 percent state and federal, you just made 25 percent on your money, plus whatever cumulative interest you’re going to make on top of that every year by putting it into a diversified account. You can’t get any better return than that,” says Aretakis.

Of course, you will have to pay taxes on that money eventually, but in the meantime it can grow unfettered by taxes.

Live within your means
To find the scratch to sock away, Aretakis offers some suggestions.

Ways to increase income or lower expenses:

Get a roommate.

Work a second job.

Drive a fuel-efficient, secondhand car.

Use an online telephone service like Skype or Vonage to lower communications costs.

Cook in rather than eat out.

Ditch credit cards and use cash.

Above all, strive to live within your means — not some Hollywood fantasy.

“Put together a budget and live beneath that budget,” Aretakis advises. Open up a brokerage account and start socking money away, he adds.

“Every young person is going to want to present themselves well, drive a fancy car, but it’s just not pragmatic in the early days. You have to be a lot more sensible, with the escalation of tuition and housing costs. If you don’t pattern yourself well early on, you’re just going to set yourself back.

“You can’t be keeping up with the Joneses.”

Oktober 17, 2007

ibu yang bilang tidak…

Filed under: Medicine — bumi2009fans @ 5:11 pm

Mario Xuereb
October 18, 2007

WHEN she was born, Elora De Bondi’s arms barely spanned the length of her mother’s finger.

The baby was born on January 29 weighing 319 grams, making her possibly the smallest baby born alive in Australia.

Before she was delivered 16 weeks’ premature, doctors at the Royal Women’s Hospital doubted she would live. But her mother, Adele, even after being told by doctors that they held no hope, never lost her own hope.

Ms De Bondi, 29, learnt that her pregnancy was in trouble during an ultrasound scan. Her baby was too small and her pregnancy would most probably end within a month.

“Basically, I was 20 weeks pregnant but the baby was about 17 weeks in size,” Ms De Bondi said yesterday.

Doctors gave her a course of steroids in the hope of stimulating Elora’s growth. Her lungs had scarcely developed.

After two weeks, doctors told Ms De Bondi that her placenta was dying and, with it, Elora.

Undeterred by the prognosis, Ms De Bondi demanded a caesarean section despite the risks of losing not only her child but her fertility and her own life.

Elora was born after only 24 weeks in the womb. She spent seven months in intensive care attached to ventilators.

Ms De Bondi, from North Balwyn, says Elora came close to dying countless times: she battled infections, renal failure and the stress of her surroundings. Many times doctors advised Ms De Bondi to switch off Elora’s life support. Her mother remained steadfast, trusting that her fragile daughter, who she had barely touched, would pull through.

After months in a critical condition, Elora grew to 4.4 kilograms. She left hospital on August 27, astounding doctors with her survival.

Elora’s pediatrician said her story was “miraculous but the journey is long and uncertain for extremely tiny babies”.

“Families, and the staff who care for such premature babies, have faced the most difficult decisions of survival and quality of life,” said Sue Jacobs, director of the Royal Women’s neonatal services.

Before Elora, the smallest surviving baby at the Royal Women’s was Adriana Cassar, born 13 weeks premature, at 374 grams, eight years ago.

Elora faces many hurdles. She is fed through a gastronasal tube and her immune system is weak. While her lung disease is expected to clear in childhood, doctors will wait at least two years before giving the all-clear.

Oktober 16, 2007

sebagai investor: ga mimpi lah….

Filed under: Uncategorized — bumi2009fans @ 11:34 am

Jepang Tetap Teratas Dalam Jumlah Jutawan di Asia-Pasifik

Hongkong (ANTARA News) – Jepang hingga sejauh ini tetap menjadi tempat kediaman sebagian besar jutawan ketimbang negara Asia-Pasifik lainnya pada 2006, namun jumlah mereka meningkat dengan persentase terkecil daripada pasar lainnya di kawasan itu, demikian menurut survei yang dirilis Selasa.

China dan Australia masing menduduki peringkat kedua dan ketiga dalam jumlah total perseorangan dengan kekayaan bersih lebih dari sejuta dolar dalam aset keuangan, tak termasuk rumah mereka, namun pertumbuhan mereka juga kurang dari dua digit daripada pasar lainnya, tulis laporan itu.

Jumlah orang kaya di Jepang meningkat sebesar 5,1 persen menjadi 1,477 juta orang pada 2006, demikian menurut Laporan Kekayaan Asia-Pasifik yang dibuat Merrill Lynch dan para konsultan dari Capgemini, sebagaimana dikutip Reuters.

Negara Matahari Terbit itu tetap berada jauh di depan ketimbang China Daratan, negara yang sekalipun jumlah penduduknya sangat banyak dan mengalami pertumbuhan ekonomi dua digit, populasi orang kayanya hanya mencapai 345.000 orang saja, atau hanya mencapai kenaikan sebesar 7,8 persen dari tahun sebelumnya.

Australia, yang jumlah orang kayanya melonjak sebanyak 10,3 persen pada 2006 menjadi 161.000 orang, menempati urutan ketiga.


Angka pertumbuhan ini tertinggal dengan Korea Selatan, India, Hongkong, Taiwan dan Indonesia, tempat populasi orang jutawannya lebih kecil.

Negara kecil seperti Singapura menikmati kenaikan persentaase tercepat secara global, yakni 21,2 persen menjadi 66.660 orang.

Laporan itu menyatakan pula lebih dari 150.000 jutawan India tinggal di luar India.

Laporan tersebut memperlihatkan nilai kekayaan jutawan Jepang kurang dari rata-rata kekayaan bersih orang kaya di negara Asia-Pasifik lainnya.

Nilai aset rata-rata orang kaya Jepang hanya mencapai 2,5 juta dolar, dibandingkan dengan rata-rata regional sebesar 3,3 juta dolar dan rata-rata global sebanyak 3,9 juta dolar. (*)

crash in disguise…

Filed under: Uncategorized — bumi2009fans @ 4:23 am

kebalekan dari blessing in disguise… karena lonjakan in flow dana asing masuk bursa saham (termasuk obligasi) indonesia sudah terlalu besar, di atas 100M usd … peluang anjlok mungkin bisa 3-4 x lipat, karena faktor eksternal lah yang memainkan peranan lebe gede … apakah bener danger in disguise?
Bapepam gandeng BI siapkan data hedge fund

JAKARTA: Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-LK) menjajaki kemungkinan menggandeng Bank Indonesia (BI) untuk menyusun data lebih detail mengenai aliran hedge fund asing yang masuk ke pasar modal Indonesia.
Kepala Biro Pengelolaan Investasi (PI) Bapepam-LK Djoko Hendratto mengatakan Bapepam-LK akan bekerja sama dengan BI dalam menyusun peraturan tersebut. Pihaknya telah menghubungi otoritas moneter tersebut terkait kemungkinan melakukan kerja sama tersebut.

“Kami masih mempelajari cara mendata dana-dana hedge fund itu. Mudah-mudahan Menteri Perekonomian bisa memfasilitasi kerja sama nanti dengan BI,” tuturnya kepada Bisnis, belum lama ini.

Otoritas, lanjut dia, menilai langkah itu perlu ditempuh untuk meminimalisasi dampak buruk masuknya dana asing tersebut terhadap pasar modal Indonesia. Meski demikian, dia menegaskan tidak akan ada pembatasan apa pun terhadap hedge fund tersebut.

Sebelumnya, Ketua Bapepam-LK A. Fuad Rahmany mengatakan tengah berupaya mempelajari cara mendata dana-dana asing secara lebih akurat, meski penyusunan basis data tersebut sulit dibuat.

Bapepam-LK tidak mengkhawatirkan besarnya aliran dana asing yang masuk ke pasar modal Indonesia pascapenurunan suku bunga The Fed, dan justru menilai kondisi itu berdampak positif bagi bursa Indonesia.

Besarnya dana asing yang masuk pasar modal Indonesia terlihat dari nilai portofolio asing ke PT Bursa Efek Jakarta pada akhir September yang mencapai US$80,6 miliar, pascapenurunan Fed Rate sebesar 50 basis poin menjadi 4,75%.

Kondisi tersebut diikuti penguatan rupiah dan naiknya harga obligasi domestik. Total, jumlah dana asing yang masuk ke pasar modal Indonesia mencapai US$112 miliar atau sekitar Rp1.000 triliun.

Fuad mengaku tidak sedang membuat upaya khusus untuk membuat dana asing bercokol lebih lama di bursa saham Indonesia.

Oleh Arif Gunawan S.
Bisnis Indonesia

Oktober 15, 2007


Filed under: Uncategorized — bumi2009fans @ 1:46 am

biasanya ngedumel soal kurang gaji … eh, sekarang malah mereka sendiri yang bilang, bahwa gaji n kompensasi mereka berlebihan …. jadi, staf2 di bawahnya lah yang mestinya dibantu:

We are overpaid, say US executives
By Francesco Guerrera in New York

Published: October 14 2007 22:03 | Last updated: October 14 2007 22:03

Most US corporate leaders believe chief executives are overpaid and do not provide value for money for their com­panies, according to a study that will embolden critics of excessive compensation.

The findings – to be published today by the National Association of Corporate Directors – are likely to strengthen calls by investors and politicians, including George W. Bush, US president, for restraint on executive pay at a time of growing income inequality in the US.

Top executives’ criticism of their peers’ compensation levels could also encourage activist investors and hedge funds to target underperforming companies with highly-paid leaders at shareholder meetings.

Four out of six chief executives or company presidents polled by the NACD in July and August said the compensation of top executives was high relative to their performance.

Only 2.2 per cent of the nearly 70 chief executives and presidents involved in the survey said compensation was too low, while a third deemed it “just right”.

Their views were backed up by outside directors, with more than 80 per cent of them saying chief executives were overpaid.

“There is an overall realisation that executive compensation is an area that boards and management are struggling with,” said Peter Gleason, chief operating officer of the NACD.

The issue is particularly sensitive because the gap between rich and poor in America has reached its widest point in more than 60 years.

Figures released last week showed the share of national income claimed by the wealthiest 1 per cent of Americans had reached 21.2 per cent – a postwar record – partly because of booming company profits.

Mr Bush last week told The Wall Street Journal that he thought some executive compensation was excessive and that some boards needed to improve their oversight of this.

Nearly 60 per cent of the directors polled by the NACD said the reason for excessive pay packages was the absence of objective ways to measure an executive’s performance. Nearly half criticised the use of options and equity awards that reward executives when the company’s share price goes up, rather than when its operations improve.

Investors have become more vocal in attacking what they often call “pay for failure” – large severance packages awarded to ousted chief executives.

Copyright The Financial Times Limited 2007

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