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Nasa نصرالدين Jaafar helps orphans.

 "Money can't buy happiness."

This has been repeated many times, and jokes have even been made about it, such as how much better it is to cry in a Ferrari than on a motorcycle! As discovered by the late Arthur Okun, a distinguished American economist, 'misery', as it were, could actually be measured with direct links to inflation and unemployment. He developed the original misery index for the United States only, taking the sum of the inflation and unemployment rates to create it. This, he felt, could adequately tell us how miserable the people in a country were.

Fast forward to the late 2000s and you see Steve Hanke, a Johns Hopkins University economist, expand upon the original index in order to include other countries outside USA. For the updated version, he took the data for each country exclusively from the Economist Intelligence Unit and thus, it became the economic indicator which assumed that both a higher rate of unemployment and a worsening of inflation will create economic and social costs for any country.

Taking a look at the global index, it's easy to see that for most people, their quality of life is important. Constituents prefer lower inflation rates, lower unemployment rates, lower lending rates, and higher GDP per capita. That sounds like a perfect country but in reality is near impossible

The Employees Provident Fund (EPF) is a retirement fund for all emplyees in Malaysia. The deposits from employers and the employees are compulsory. The money can be claimed by employees when they reach the age of 50 (30%) and all the remaining by their age of 55 years.

Facebook to go public, raise $5B

Friending Wall Street? Facebook hopes to raise $5 billion in highly anticipated IPO.

NEW YORK (AP) -- Facebook made a much-anticipated status update Wednesday: The Internet social network is going public in a stock offering that could value it at as much as $100 billion, eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University.

That means anyone with the right amount of cash will be able

Malaysia's Mahathir: Western countries 'failures'

 The West is going bankrupt: Mahathir

Malaysia's ex-premier Mahathir Mohamad said

Economy

Why The Economy Looks Like Expansion, Feels Like Recession

There's a great mismatch between the way people feel about the economy and many of the underlying trends. The sentiment says recession, but much of the underlying data suggest growth.

The Thomson Reuters/University of Michigan measure of consumer sentiment, released Friday morning, showed consumer confidence fell and that consumers' expectations for the future are at their lowest level in 30 years. They're not the only ones worried. Lakshman Achuthan of Economic Cycle Research Institute, perhaps the most reliable forecaster on changes in the business cycle, recently told the Daily Ticker he believes a recession is unavoidable.

Chart forDow Jones Industrial Average (^DJI)

Dow Jones Industrial Average

(DJI: ^DJI )
Index Value: 11,644.49
Trade Time: Oct 14
Change: Up