Short Story: Family is the most important thing in the world

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SON: “Daddy, may I ask you a question?”
DAD: “Yeah sure, what is it?”
SON: “Daddy, how much do you make an hour?”
DAD: “That’s none of your business. Why do you ask such a thing?”
SON: “I just want to know. Please tell me, how much do you make an hour?”
DAD: “If you must know, I make $100 an hour.”
SON: “Oh! (With his head down).
SON: “Daddy, may I please borrow $50?”

Continue after the break.

Short sightedness is killing the economy – Ex-National Planning Minister

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Rasheed Gbadamosi

Mr. Rasheed Abiodun Gbadamosi is an economist. His credentials include being minister, National Planning, Chairman, National Committee on Industrial Development for the Industrial Master Plan project, Chairman, Petroleum Products Pricing Regulatory Agency (PPPRA), Chairman, Governing Council, Nigerian Institute of Social and Economic Research (NISER) and member, Nigeria’s External Debt Rescheduling team. 

He speaks, in this interview, on the state of the economy in the last 14 years, the initiative by the Central Bank of Nigeria (CBN) to make cashless monetary policy a universal phenomenon, privatisation of Power Holding Company of Nigeria (PHCN) and the need for government to harness the potentials in agriculture. Excerpts:

Nigeria has just celebrated 14 years of uninterrupted democracy. How has democracy impacted on the economy?

To start with, I do not like this exultation about democracy. It does not mean that if we do not have democracy we won’t have relative prosperity. Economic indices were positive even in non-democratic governments.

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North Korea Fires Short-Range Missiles Second Day In A Row

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North Korea fired a short-range missile from its east coast on Sunday, a day after launching three of these missiles, a South Korean news agency said, ignoring calls for restraint from Western powers.

Although launches of short-range missiles are not uncommon by the communist state, but its recent warnings of impending nuclear war, and other related actions have raised concerns about the region’s security.

“North Korea fired a short-range missile as it did yesterday into its east sea in the afternoon, ” South Korea’s news agency Yonhap reported, citing a military official.

A South Korean defense ministry official confirmed the Yonhap report, but did not provide any details.

U.N. Secretary General Ban Ki-moon said he was concerned about North Korea’s launch of short-range missiles, urging Pyonyang to refrain from further launches and return to stalled nuclear talks with world powers.