Saturday, 30 June 2018

Rich people are less likely than the poor to share their wealth with others



The most generous people are those who have the least, according to scientists.

Based on a psychological experiment, those deemed to be of 'higher status' were found to be more selfish than those of 'lower status'.

Scientists at Queen Mary University also discovered that how a person amassed their fortune matters when it comes to determining how willing they are to share.

Those who earned their money themselves are far more reluctant to hand it out, compared to those who stumbled on wealth by chance.

Ref: http://www.dailymail.co.uk/sciencetech/article-5887927/Poorer-people-likely-share-wealth-others.html

Lasting Power of Attorney application fees waived for another 2 years

Singaporeans who plan to apply for a Lasting Power of Attorney (LPA) - which allows an appointed person to make medical and financial decisions on your behalf should you lose mental capacity – will not have to pay the S$75 fee for the most common type of application for another two years.

The application fees for LPA Form 1 will be waived for a further two years until end-Aug 2020.

The LPA Form 1 allows donors to grant general powers with basic restrictions to donees. A separate application, Form 2, allows donors to grant customised and specific powers to their donees, and has to be drafted by a lawyer.

As of Mar 31, 2018, more than 43,000 people have submitted LPA applications to the Office of the Public Guardian.

Ref: https://www.channelnewsasia.com/news/singapore/lasting-power-of-attorney-application-fees-waived-for-another-2-10478938

Why you should eat more cauliflower

Source: thenewpaper

Oil prices spike 13% in a week. What the heck is going on?

The oil market is on fire once again. On Thursday, crude spiked above $74 a barrel for the first time since late 2014.

The 13% surge over the past week has been driven by a confluence of bullish factors that will make American drivers cringe when they fill up their gas tanks.

In Singapore, electricity tariffs will rise by 6.9% for July-September period due to the higher cost of natural gas for generating electricity.


Ref:
1) http://money.cnn.com/2018/06/28/investing/oil-prices-trump-iran-opec/index.html
2) https://www.channelnewsasia.com/news/singapore/electricity-tariffs-to-rise-by-6-9-for-july-september-period-10482456

‘Holy grail’ of insulin pill could end need for diabetics’ daily injections

An insulin pill which could prove to be the “holy grail” of diabetes treatment has been developed by scientists.

Researchers have created a pill which could dramatically transform the way diabetics keep their blood sugar levels in check.


It is hoped the oral delivery of insulin could eliminate the need for painful injections, which up to 40 million people living with type 1 diabetes require once or twice a day.

The researchers plan to conduct more animal testing, as well as long-term toxicological and bioavailability studies.

Ref: https://sg.news.yahoo.com/holy-grail-insulin-pill-could-234220065.html