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Mutual Funds Big cheating Businss of few Bankers

Be Aware  Please its your hard earned money. What to do when Mutual Funds distributors ask you to Invest Big ?  Retail investors have led a life of less confusion for some time. Bad market conditions, along with banning of entry load by the Securities and Exchange Board of India (Sebi) in August 2009, ensured many distributers were neither motivated nor inclined to churn aggressively — asking existing investors to move to another scheme. But, the new guidelines from Sebi could lead to just that – more churning through mis-selling. The churning in the Rs 7 lakh-crore mutual fund sector is 20 per cent annually, according to the market experts. - Continue SIPs for long-term gains - When it's too good to be true - Sinha seeks to please all - Sebi gives a little, but takes as well - Mutual funds lose 8,600 equity folios a day Now, with the market regulator allowing an extra 30 basis points expense ratio from all investors if a fund house manages to get 30 per cen

Risky fund management more common in Catholic-dominated regions of U.S.

Fish on Fridays, mass on Sundays, and risky mutual fund management throughout the week. That’s what a new study from the University of Georgia and Southern Methodist University says about funds based in predominantly Catholic areas of the U.S. “You would think generating profits would be the only decision factor in mutual fund management. We found that local culture, specifically religion, actually has a significant impact on the decisions that fund managers are making, especially when we’re talking about risk,” said University of Georgia economics professor Tao Shu. The study uses data from the American Religion Data Archive to determine a Protestant to Catholic ratio at the county level across the U.S. Mr. Shu identifies actively managed mutual funds in these areas through the U.S. Mutual Fund database maintained by the Centre for Research in Security Prices, and selects funds marked by Thomson Reuters as “growth” or “aggressive growth.” “We found that funds based in low-

After cutbacks, Tampa International Airport set to add 13 positions

TAMPA — Here's a sign of Tampa International Airport's improving bottom line: The airport plans to start hiring after years of cutting back its workforce. The Hillsborough County Aviation Authority board voted on Thursday to approve a $183 million budget that will fund 13 new jobs. A projected improvement in revenue from parking, concessions and airline fees helped the budget grow by 4 percent, or $6.3 million, from the current fiscal year. The airport plans to pay $49 million in salary and benefits, $3.5 million more than in the 2012 fiscal year budget, which ends Sept. 30. It's not a lot of new jobs, but it's a positive sign for an airport that has shed 63 jobs since 2009. The airport currently has 573 paid positions. Airport CEO Joe Lopano said it was time for Tampa International to start growing again. "I kept the head count steady at 573 because I wanted to see where we were going, where we were competitive, where we had success before I did anythi

Reasons Why Cloud Computing Remains Unpopular Past 2012

There is no limit to what cloud computing can offer to individuals, corporations, academic institutions, and non-profit organizations. Cloud computing benefits cut across storage, working, communication, and so many other industries and functions. As yet, few people actually use it; or rather very few individuals are making the transition to it from the ‘inefficient, traditional and expensive’ forms or techniques. These negative attitudes have been promoted by a number of reasons. Some are mere excuses where logic is called upon. Others are real concerns and thus form the basis of this article. People don’t use cloud computing for different reasons; and the most contentious ones include the following. According to most cloud computing industry experts, these could be the reasons why most people avoid cloud computing. On top of the list is the cost of cloud cost computing. Premium and efficient cloud computing services remain costly for the regular business person and t

Blue-sky-thinking for a Greener, Sky full future

Air traffic management, including bird-formation flight patterns, is top of a list of ideas on how aviation can go beyond aircraft design to evolve on the ground and in the sky to meet the expected growth of air travel in a sustainable way. In July Airbus released its vision of what a passenger jet will look like in 2050 - a graceful, spaceship-like vessel brandishing long, slim wings, semi-embedded engines and a U-shaped tail - but the planemaker says that around 9 million tonnes of fuel and 28 million tonnes of CO2 emissions could be saved every year in Europe and the US by optimising aircraft systems, shaving 13 minutes off journeys and saving passengers over 5 million hours of flight time a year. "We can do things to make the aircraft more efficient... more eco-efficient, but in order to meet the targets that we've set ourselves in the long-term we have to have a more holistic approach," says Andy Gordon, Airbus's director of strategic marketing and analysis