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Do you know how much FFT cost you? Every trade will cost you anywhere from 0.5% to 1.0% on FFT. For your next 100 trades, you will lose 60% of your trading capital before making any profit. Just to breakeven, you have to make at least 60% profit every year. For short term investors, they...

Forex is exempted.

I don't think so. China's spending on R&D now is second largest in the world after USA. Japan is the third. By 2020, China's R&D spending will the world largest. Usually nations with most R&D spending are the most innovative countries in the world and prosperity normally goes with it...

Actually this will drastically increase the extreme volatilities of their currency instead of decreasing it. Less participants in market always lead to more volatility.

The pay cuts were temporary. It was a necessary step for the company to get back to profitability. http://www.koaa.com/news/hostess-employee-pay-cut-was-temporary/

Yea, the valuation is overblown. Industrial diamonds are not gem quality stones. On wholesale, they worth couple cents per carat.

College is worthy of your time and money IF you plan to be a plastic surgeon, physicist, nuclear engineer, divorce lawyer, etc. Otherwise, you are better off buying some profitable businesses and work your ass off. Most millionaires I met only have high school diplomas. They have several...

U.S. pushes for more scientists, but the jobs aren’t there By Brian Vastag, Published: July 7 The Washington Post Michelle Amaral wanted to be a brain scientist to help cure diseases. She planned a traditional academic science career: PhD, university professorship and, eventually, her...

Exactly!!! That was what many doctors told me. They were very smart. At their young age they figured out that they didn’t want to have a hard life. They forced themselves to study very hard in their teen and young adult years. So they can go to great medical schools. Now they run their...

It was not FTT. He was referring to taxation on bank assets. For every $1 billion in bank assets, financial institutions would be subjected to a fee of $1.5 million dollars. Small banks are exempted from this.

Analysts used to say that about Pudong too. Now it is filling up. http://online.wsj.com/article/SB10001424052970204770404577080491863427170.html DECEMBER 21, 2011 Shanghai's Pudong, Once Soulless, Rises Up District's Ascendancy and Ongoing Success as a Financial Center Is...

True! Most millionaires I know have only high-school dipolmas or high school drop-outs. They started to work for someone when they were young. By their mid-twenties, they became experts in their trades and started their own businesses. Now they are in their thirties, they made enough to...

Why build things from ground up when you can copy thing from others and improve them through R&D? It is simply too costly to develop everything on your own. All companies will go bankrupt immediately if they don’t copy things from others. Do you know what innovations mean? Most techs we...

China might be the most innovated country in the world now. According to Thomson Reuters, China patent filings overtake US and Japan this year. [/B]China patent filings could overtake US, Japan in 2011 (October 11, 2010) -- China is projected to lead in patent activity by 2011...

+1. Send them to North Korea to see how they will love it. Capitalism is intrinsic to democracy. Maybe he meant communism. Communism sounds great in theory, but in reality it doesn’t work. USSR had it. It failed miserably. China once had it. Thirty to fifty million people died of...

Don't be a hypocrite. You should become a vegetarian. The meats you eat come from slaughterhouses. The chances of animals being skinned alive in the slaughterhouses are high. ....For her book Slaughterhouse, Gail Eisnitz, chief investigator for the Humane Farming Association...

Personally I would avoid everything make of furs. The chance of cruelty to animals is high. I would also avoid eating lobsters. I can’t stand they are being cooked alive. Yet it is condoned here.

He got it all wrong. China is not on the top. Russia and France take the top spots on economic espionage. http://www.france24.com/en/20110104-france-industrial-espionage-economy-germany-russia-china-business France is top industrial espionage offender

If you are smart, why don't you short all companies. Some points in the future they all will go bankrupt. Small-size companies usually go belly up in seven years and big companies in thirty years. Very few companies can survive more than hundred years.

That is not true. China doesn't have welfare systems like USA. Most people there own some kind of businesses. Either you work or you die there.