More Aussies are millionaires

By Teresa Ooi
October 19, 2007 07:20am

THE ranks of Australia's millionaires swelled by 10.3 per cent to 161,000 last year, with them amassing a fortune of $US510 billion ($570.1 billion).

Their fortune was the third highest in the Asia-Pacific region after Japan at $US3.7 trillion and China at $US1.7 trillion.

Almost half of Australia's millionaires made their money by owning businesses or selling them. About 16 per cent racked up their dollars on the buoyant stock market. Only 13 per cent inherited their wealth.

More than 75 per cent of the country's millionaires are men, with an average age of 50. Only 15 per cent are women, compared with Taiwan's 43 per cent and China's 38 per cent.

"This implies that there is still a glass ceiling in Australia, as we do not have as many women executives earning the big incomes in the top echelon," Capgemini financial services group wealth management head Gregory Smith said.

About 46 per cent of Australia's wealthy are aged between 41 and 55. Only 6 per cent are younger than 40.

China has the largest proportion of young millionaires, with 28 per cent of its 345,000 wealthy people younger than 40, according to the Asia-Pacific Wealth Report produced by investment bank Merrill Lynch and Capgemini.

Australia's new millionaires are worth at least $US3.2 million each - well below Hong Kong's new rich, who have average wealth of $US5.4 million, China's $US5 million and Singapore's $US4.9 million.

Australia has 1120 super-rich - those with more than $US30 million in financial assets.
"While the number of ultra-rich in Australia grew by only 0.7 per cent - slightly lower than the global average of 1 per cent - we still had our fair share of super-rich," Smith said.

"Like most super-rich around the world, they have a complicated lifestyle, with yachts, butlers and several homes across the globe.

"While they enjoy and celebrate their wealth by buying jewellery, baubles, art and vacations, there is a growing concern for the next generation and a growing tendency to give back to society - very much like what Bill Gates has done for charity.

"After acquiring their big yachts and private jets, they plan to give their wealth to the next generation and grandchildren. They are also becoming more altruistic."

This inter-generational transfer of wealth has spurred many wealth financial advisers to have a mature manager team up with a younger colleague to educate and advise the children of the super-rich who will inherit the wealth.

Many are starting to conduct wealth seminars aimed at the younger generation so they don't blow away their family inheritance.

Merrill Lynch global wealth management first vice-president Peter Opie said that with the super-rich becoming more interested in philanthropy, many wealth advisers were thinking of expanding their services to include investment advice in philanthropic enterprises.

(Souce: News.com.au)

What is man's ultimate embarrassment? :)

Answer:

Running into a wall with an erection and breaking his nose.

Cool Packaging - photos

Living Green: Ranking the best (and worst) countries (3)

Cities Overall

1. Stockholm, Sweden

2. Oslo, Norway

3. Munich, Germany

4. Paris, France

5. Frankfurt, Germany

6. Stuttgart, Germany

7. Lyon, France

8. Dusseldorf, Germany

9. Nantes, France

10. Copenhagen, Denmark

11. Geneva, Switzerland

12. Zurich, Switzerland

13. Glasgow, United Kingdom

14. Barcelona, Spain

15. New York, United States

16. Brussels, Belgium

17. Hamburg, Germany

18. Hong Kong, PR China

19. Newcastle, United Kingdom

20. Tokyo, Japan

21. Helsinki, Finland

22. Washington, D.C., United States

23. Chicago, United States

24. Vancouver, Canada

25. Dortmund, Germany

26. San Francisco, United States

27. London, United Kingdom

28. Perth, Australia

29. Melbourne, Australia

30. Manchester, United Kingdom

31. Graz, Austria

32. Berlin, Germany

33. Ottawa, Canada

34. Wellington, New Zealand

35. Amsterdam, Netherlands

36. Atlanta, United States

37. Marseille, France

38. Vienna, Austria

39. Rome, Italy

40. Sydney, Australia

41. Prague, Czech Republic

42. Brisbane, Australia

43. Denver, United States

44. Berne, Switzerland

45. Singapore, Singapore

46. Houston, United States

47. Bologna, Italy

48. Montreal, Canada

49. Kuala Lumpur, Malaysia

50. Toronto, Canada

51. Cape Town, South Africa

52. Seoul, South Korea

53. Milan, Italy

54. Curitiba, Brazil

55. San Diego, United States

56. Madrid, Spain

57. Los Angeles, United States

58. Budapest, Hungary

59. Calgary, Canada

60. Phoenix, United States

61. Johannesburg, South Africa

62. Sao Paulo, Brazil

63. Athens, Greece

64. Tel Aviv, Israel

65. Chennai, India

66. Cracow, Poland

67. Taipei, Taiwan

68. Bangkok, Thailand

69. Guangzhou, PR China

70. Mumbai, India

71. Shanghai, PR China

72. Beijing, PR China

Living Green: Ranking the best (and worst) countries (2)

Countries Overall

1. Finland

2. Iceland

3. Norway

4. Sweden

5. Austria

6. Switzerland

7. Ireland

8. Australia

9. Uruguay

10. Denmark

11. Canada

12. Japan

13. Israel

14. Italy

15. Slovenia

16. France

17. Netherlands

18. Portugal

19. New Zealand

20. Greece

21. Germany

22. Latvia

23. United States

24. Lithuania

25. United Kingdom

26. Belgium

27. Argentina

28. Croatia

29. Spain

30. Hungary

31. Albania

32. Estonia

33. Slovakia

34. Costa Rica

35. South Korea

36. Cuba

37. Belarus

38. Czech Republic

39. Bosnia and Herzegovina

40. Brazil

41. Panama

42. Armenia

43. Chile

44. Paraguay

45. United Arab Emirates

46. Macedonia

47. Bulgaria

48. Poland

49. Kuwait

50. Oman

51. Russia

52. Peru

53. Colombia

54. Malaysia

55. Guyana

56. Romania

57. Trinidad & Tobago

58. Georgia

59. Kazakhstan

60. Moldova

61. Thailand

62. Tunisia

63. Mexico

64. Libya

65. Ukraine

66. Sri Lanka

67. Lebanon

68. Venezuela

69. Ecuador

70. Turkey

71. Jordan

72. Algeria

73. Kyrgyzstan

74. Azerbaijan

75. Bolivia

76. Gabon

77. Dominican Republic

78. Syria

79. El Salvador

80. Saudi Arabia

81. Jamaica

82. Indonesia

83. Iran

84. China

85. Nicaragua

86. Namibia

87. Philippines

88. Egypt

89. Mongolia

90. Viet Nam

91. Myanmar

92. Honduras

93. Botswana

94. Turkmenistan

95. Tajikistan

96. South Africa

97. Guatemala

98. Cambodia

99. Uzbekistan

100. Bhutan

101. Laos

102. Morocco

103. Ghana

104. India

105. Congo

106. Cameroon

107. Uganda

108. Nepal

109. Papua New Guinea

110. Gambia

111. Bangladesh

112. Madagascar

113. Senegal

114. Togo

115. Pakistan

116. Kenya

117. Rwanda

118. Guinea

119. Zimbabwe

120. Zambia

121. Nigeria

122. Sudan

123. Tanzania

124. Benin

125. Central Africa Republic

126. Malawi

127. Mauritania

128. Yemen

129. Angola

130. Côte d'Ivoire

131. Democratic Republic of the Congo

132. Haiti

133. Mali

134. Guinea-Bissau

135. Mozambique

136. Burundi

137. Chad

138. Burkina Faso

139. Sierra Leone

140. Niger

141. Ethiopia

Living Green: Ranking the best (and worst) countries (1)

Just because a country or place is environmentally “fit” doesn’t mean you’d want to spend your life there – think jungles or the Antarctic. But finding the perfect balance between what’s green and what’s livable could lead you to paradise. Aiming for that ideal, we researched the world’s greenest countries while also ensuring they were ones where people could thrive. Along the way, we also unearthed the worst places in the world to live.

We analysed data from top sources covering 141 nations to rank the planet’s greenest, most livable places.

How Countries Rate

1 Finland
2 Iceland
3 Norway
4 Sweden
5 Austria
8 Australia
19 New Zealand
23 USA

Bottom 5

137 Chad
138 Burkina Faso
139 Sierra Leone
140 Niger
141 Ethiopia

The world’s greenest, most livable cities

Using different data, we analysed 72 major international cities, ranking them in terms of being green and livable.

5 Best

1 Stockholm
2 Oslo
3 Munich
4 Paris
5 Frankfurt

5 Worst

68 Bangkok
69 Guangzhou
70 Mumbai
71 Shanghai
72 Beijing

How Australasia ranked

28 Perth
29 Melbourne
34 Wellington
40 Sydney
42 Brisbane

(Source: Readersdigest.com.au)

Reader's Digest study says Finland best for living

Reuters
Thursday, October 4, 2007; 7:06 PM


HELSINKI (Reuters) - The Nordic countries are the world's greenest and, despite the cold winters, Finland is the best country to live in, according to a Reader's Digest study released on Friday.

Finland was followed by Iceland, Norway, Sweden and Austria.

"Finland wins high marks for air and water quality, a low incidence of infant disease and how well it protects citizens from water pollution and natural disasters," the study said.

The United States was 23rd on the list of 141 countries, Britain was 25th and China 84th. Nations at the bottom of the table were all African.

Stockholm scored as the best city to live in out of 72 major metropolitan hubs, followed by Oslo, Munich and Paris. Four German cities won a spot in the top 10 list. New York was 15th and London 27th.

The dirtiest cities were in Asia, with Beijing, host of next summer's Olympic, at the bottom because of its air pollution.

The study was conducted by U.S. environmental economist Matthew Kahn, who looked at issues such as quality of drinking water and greenhouse gas emissions as well as factors such as education and income.

Give up sugar to live longer

Passing on sweets and avoiding vitamins could help you live longer, German researchers have discovered.

They found that restricting glucose - a simple sugar found in foods such as sweets that is a primary source of energy for the body - set off a process that extended the life span of some worms by up to 25 per cent.

The key was boosting the level of ``free radicals'' - unstable molecules that can damage the body and which people often try to get rid of by consuming food or drinks rich in anti-oxidants such as vitamin E, they said in a study published in the journal Cell Metabolism.

Restricting glucose first spurred the worms to generate more free radicals, but then they quickly built up long-lasting defences against them, said Michael Ristow, an endocrinologist at the University of Jena and the German Institute of Human Nutrition, who led the study.

``During the process, the worm generates more free radicals, which activates defences against free radicals within the worm,'' he said in a telephone interview. ``The bad thing in the end promotes something good.''
The body needs glucose, but taking in too much was unhealthy, Ristow said.

Scientists have long known that restricting calorie intake in worms and monkeys increases longevity, and the study narrowed that idea further, to glucose.

The study also for the first time points to a possible reason why antioxidants - long thought to promote health - might do more harm than good, Ristow said.

The German team used a chemical that blocked the worms' ability to process glucose in a treatment that extended their life span by up to 25 per cent, the equivalent of 15 years in humans.

The worms unable to depend on glucose increased energy power sources in certain cells for fuel. That activity produced more free radicals, which in turn generated enzymes that strengthened long-time protection against the harmful molecules, Ristow said.

However, antioxidants and vitamins given to some worms erased these benefits by neutralising free radicals and preventing the body from generating the defences, Ristow said.

``These latter findings tentatively suggest that the widespread use of antioxidants as human food supplements may exert undesirable effects,'' the researchers wrote.

(Source: smh.com.au)

Flourless Chocolate Cake

Ingredients
250g good-quality dark chocolate, roughly chopped
150g unsalted butter, chopped
2/3 cup caster sugar
125g almond meal
5 eggs, separated
Icing sugar to dust
Ice cream to serve

Method
Preheat oven to 180 degrees C. Grease a 23cm springform tin with butter and line base with non-stick baking paper.

Combine the chocolate, butter and sugar in a medium heatproof bowl. Place over a saucepan of simmering water (make sure the bowl doesn't touch the water) and stir frequently until melted and smooth. Transfer the chocolate mixture to a large mixing bowl and stir in the almond meal. Add the egg yolks, one at a time, and beat well with a wooden spoon after each addition.

Place the eggwhites in a separate clean bowl. Use an electric beater to beat until firm peaks form. Add a third of the eggwhite to the chocolate mixture and use a large metal spoon to fold in until combined. Fold through the remaining eggwhite.

Pour the mixture into the prepared tin. Smooth the surface with the back of a spoon. Bake in preheated oven for 40-45 minutes, until crumbs cling to a skewer inserted into the centre. Remove from the oven and cool in the tin.

Dust the cake with icing sugar and serve with ice cream.

(Source:Kidspot Daily)