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The 10 Things In Economics That Everybody Should Know We discuss a lot of economic concepts here, but sometimes it's good to go back over the basics. Balaji Viswanathan, CEO of ZingFin.com, has… Started by Weboga in Weboga:Technology & Science techstartup nigeria	0	22 minutes ago
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Yesterday was the first day of Lent, where Christians choose to commemorate the 40 days Jesus spent fasting in the wilderness by giving up certain foods or drinks or abandoning bad habits.

Even for non-believers, Lent can be an ideal time to set a target and break a few habits which can be bad for your health.

Candy

You may think that three wine gum packs a week are a reasonable indulgence, but at 170 calories per pack, over 40 days of Lent you could give up 2900 calories.

Likewise, if you usually go through three packs of chewing gum weekly, giving your jaw a break over Lent would also spare you about 2900 calories.

Chocolate

If,  you have resolved to give up chocolate for Lent, good for you. The average sized Mars bar contains 230 calories (as well as 12g of fat) and a Snickers bar contains around 218 calories.

If you are in the habit of snacking on these twice a week, you will be saving about 2500 calories if you give these up for Lent. As for chocolate being good for boosting your mood? So are friends.

Alcohol

Gram for gram, alcohol is nearly equal to fat when it comes to calories; one  unit of alcohol contains eight grams of alcohol and 56 calories.

A medium glass of red wine (175ml) contains around 120 calories. If you give up your evening glass of wine, you would reduce your intake by around 840 calories per week or 4800 for the period of Lent.

Similarly, giving up a bottle of shine shine bobo and odeku (5%) after work, would save around 1750 calories a week and 10,000 calories for the period of Lent. You would also be doing your liver a favour!

Cigarettes

Coincidentally, the first day of Lent is also a National No Smoking Day in some countries. If you smoke, the single best thing you can do is to quit. Smoking increases your risk of heart disease, heart attack, stroke and cancer and causes around 120,000 deaths every year. It's also expensive.

It usually takes more than one attempt to kick the habit, but studies have shown that people are four times more likely to quit with support compared with those who go it alone. So contact your GP or practice nurse to get the support you need.

Facebook

Not much of a sacrifice you might think. But calculate how much time you spend on Facebook. Many studies have linked "screen time" to an increased risk of heart disease and obesity. Instead of browsing on the internet, why not go for a walk?

Walking around 10,000 steps a day will burn off 300 to 400 calories, or up to 16,000 calories in total for Lent. It's good for the heart, helps with weight loss and can help lower your risk of cancer. It's also free.

Nollywood movies

we all know that nollywood movies are very addictive but we also know how many nollywood movies will end so giving it up for lent might just be what you need ! no mercy johnson for 40days !

ps.

you can also dump facebook for 9jabook.com which is attempting to rebrain nigerian youth lol !

Happy lent !

readapted for a nigerian audience

PLAIN clothed security agents in their hundreds seized, Charles Okah, the younger brother to detained MEND leader, Henry Okah, in Apapa area of Lagos.

Charles Okah was arrested with some of his children according to family sources.

His brother, Henry Okah, who is currently detained by the South African police and undergoing trial for terror -related charges claimed in diary seized from him that Charles was faking his voice to negotiate with the Nigerian authorities in a "cease-fire" deal.

It is not clear if Charles was arrested over his brother's claims before South African magistrate or relating to the latest MEND threats which security sources said might have been traced to him.

Nigeria tightened security Saturday at the busy Abuja International Airport, a day after the militant group MEND threatened an imminent attack in the nation's capital, travellers said.

The officials, armed with bomb detectors, screened vehicles about 250 metres (800 feet) out on the airport access road, including conducting physical inspections of some vehicles.

"There was no such security measures in place at the airport three days ago," one traveller said.

The Movement for the Emancipation of the Niger Delta (MEND) threatened in a statement on Friday that a bomb attack was "imminent" in Abuja, which experienced twin car bombings two weeks ago in which at least 12 people died and several others injured..

The threat came in a statement that criticised the government's response to the October 1 Independence Day bombings.

Five months ago, a friend of mine, who edits a national daily, sent me a text message agreeing substantially with my column, ‘The Punch and the rest of us’, except the generalised conclusion that “all (journalists) have sinned and fallen short of the glory of the profession”. There are still some journalists, he submits, who toe the narrow path of integrity. Of course I knew where he was coming from, but I also knew the context in which I had made that statement.

I revisit that statement in light of the stories spewing out of the political beat, specifically on the race for the 2011 presidential elections and how it affects the integrity of news.

As part of the effort to sell his candidature for the presidency, former military president, Ibrahim Badamasi Babangida (IBB) invited as many as 40 journalists to his Minna home on August 14 for an interview. I have heard questions asked about why he should invite journalists to his home instead of a public place if he didn’t have an ulterior motive, and why he should offer monetary gifts to the journalists in the name of paying for their transportation.

One news medium, which has championed this opposition in the open, is the online agency, Sahara Reporters. According to SR each of the journalists received N10 million for heeding Babangida’s call on his presidential ambition. That is N400 million just for one night’s interview from an aspirant yet to win his party’s nomination if it were true. But it was not. When some of the journalists complained about the fictional sum, SR changed the story on August 19, saying it was just “a paltry N250, 000 each”. Rather than admit its initial error SR simply said, “our accountants have told us that going by the number of 40 journalists in attendance, we are still around the same ballpark of N10 million”. So much for credible reporting!

Three days later, SR followed up with ‘IBB and his Rogue Journalists’, accusing the journalists of roguery and professional misconduct; roguery, because they collected money from two sources—their employers who presumably authorised and funded the trip and their news source, IBB; misconduct because it is unethical for them to demand/receive gratification from news sources for their services.

And on August 23 in ‘IBB Nocturnal Press Parley: Punch fires Editorial board Chairman’, SR stayed on top of the story by reporting that Adebolu Arowolo, editorial board chairman of the Punch, had lost his job for going on that trip without his management’s approval..

Tiger Woods and Elin Nordegren are officially divorced, according to a statement posted by their lawyers on the golfer’s website on Monday.

The statement said the judgement posted in a Bay County, Florida court provided for shared parenting of their two children.

“We are sad that our marriage is over and we wish each other the very best for the future,” the former couple said in the statement, which said that the children’s well being had been the “primary focus of our amicable discussions.”

“The weeks and months ahead will not be easy for them as we adjust to a new family situation, which is why our privacy must be a principal concern,” Woods and Nordegren said. Financial terms of the divorce were not released.

The couple’s marriage hit the rocks very publicly late last year when Woods, who previously had enjoyed a squeaky-clean image, crashed his car outside their house, setting off a cascade of revelations about his repeated infidelities.

Woods was forced to take a five-month break from golf as he reportedly received treatment for sex addiction. The scandal cost Woods millions of dollars in sponsorship deals and he has yet to regain the form that made him the world’s best golfer for much of his career.

Tiger Woods: the world's top ten highest divorce settlements

Tiger Woods separation from Elin Nordegren is one of the most expensive ever divorces. Here is a list of what are thought to be the ten highest divorce settlements:

1. Rupert and Anna Murdoch - $1.7 billion

2. Adnan and Soraya Khashoggi - $874 million

Saudi businessman Adnan made his money as an international arms dealer for the Saudi royal family. He then launched his company Triad, based in Switzerland, owning banks hotels and real estate across the world. He married Soraya in 1961. Their 1982 divorce resulted in an estimated $874 million settlement.

3. Craig and Wendy McCaw - $460 million

Craig made his money turning a failing TV cable service into a successful business, eventually selling for $755 million. In 1981 he then acquired cellular phone licenses, eventually selling to phone company AT&T for approximately $12 billion, becoming its largest single shareholder.

The pair met at Stanford University when she tutored him, with them marrying in 1974. In 1995 divorce proceedings were initiated with Wendy wanting her share to support a $200,000 a month lifestyle.

4. Roman and Irina Abramovich - $300 million

It had been speculated that the settlement could have left her the world's richest ever divorcee. But according to Russian news sources, Mrs Abramovich settled for $300m (£155m). The figure included the value of homes in Britain and Moscow, as well as a yacht and private plane. At one point it was thought he would have to pay a settlement of at least $1 billion.

5. Michael and Maya Polsky - $184 million

According to court records, the couple married in the Ukraine in 1975, coming to the US in 1976 with "only four suitcases and $500 in cash.

After sighting irreconcilable difference in 2003, Maya Polsky filed for divorce from energy magnate Michael Polsky. In October 2006 a Chicago judge said Mrs Polsky was entitled to at least half of the couple's assets.

6. John 'Jack' Welch and Jane Beasley - $180 million

Welch is the former Chairman and CEO of General Electric, the technology and service conglomerate in New York, now ranked as the world's largest company. The couple married in April 1989, divorcing in 2003. While Welch had reportedly written a prenuptial agreement, there was a 10-year time limit. Beasley reportedly left with amount to be in the range of $180 million.

7. Michael and Juanita Jordan - $168million

The most expensive celebrity divorce in history. The former Chicago Bulls basketball superstar married Juanita Vanoy in 1989. They divorced in 2007. It is thought negotiations between the couple added £20 million to the final deal from an initial settlement. The marriage had shown signs of trouble in the past with Juanita filing for divorce in 2002, although they announced a reconciliation.

8. Neil Diamond and Marcia Murphey - $150 million

When Diamond met Marcia Murphey, he was already married to his first wife. In 1994, they separated, she citing "irreconcilable difference".

The singer claims he willingly gave her the money.

9. Steven Spielberg and Amy Irving - $100 million

Amy Irving shot to fame in 1976 when she played the lone teen survivor in Carrie. Spielberg began to make a name for himself in Hollywood, following Jaws. The pair married in 1985, but the pair broke up four years later. He gave Irving, the mother of their son Max $100 million.

10. John and Beverly Charman - $95 million

The pair met in 1969 at school. When they married in 1976 neither had significant resources. In November 2003, Mr Charman, nicknamed "King of the London Insurance Market", told his wife he was setting up residence in Bermuda and their marriage was over. He initially offered her £6 million cash, but she argued that the sum was not enough. The judge decreed a fair settlement would involve him giving 37 per cent of his assets. Mr Charman had a subsequent appeal dismissed. It is thought to be Britain's highest divorce settlement..

MOSCOW –

Two female suicide bombers known as “black widows” blew themselves up in Moscow’s busy metro during morning rush hour killing at least 35 people, according to the Russian authorities.

wounding 38, the city's mayor and other officials said. Emergency Ministry spokeswoman Svetlana Chumikova said 23 people were killed in an explosion shortly before 8 a.m. at the Lubyanka station in central Moscow. The station is underneath the building that houses the main offices of the Federal Security Service, or FSB, the KGB's main successor agency. A second explosion hit the Park Kultury station about 45 minutes later. Chumikova said at least 12 were dead there. The ministry later said 38 people were injured. Moscow Mayor Yuri Luzhkov said both explosions were believed to have been set off on the trains. "The first data that the FSB has given us is that there were two female suicide bombers," Luzhkov told reporters at the Park Kultury site..

The blasts practically paralyzed movement in the city center as emergency vehicles sped to the stations. In the Park Kultury blast, the bomber was wearing a belt packed with plastic explosive and set it off as the train's doors opened, said Vladimir Markin, a spokesman for Russia's top investigative body. The woman has not been identified, he told reporters. The last confirmed terrorist attack in Moscow was in August 2004, when a suicide bomber blew herself up outside a city subway station, killing 10 people. Responsibility for that blast was claimed by Chechen rebels and suspicion in Monday's explosions is likely to focus on them and other separatist groups in the restive North Caucasus region. In February, Chechen rebel leader Doku Umarov warned in an interview on a rebel-affiliated Website that "the zone of military operations will be extended to the territory of Russia ... the war is coming to their cities." Umarov also claimed his fighters were responsible for the November bombing of the Nevsky Express passenger train that killed 26 people en route from Moscow to St. Petersburg. The Moscow subway system is one of the world's busiest, carrying around 7 million passengers on an average workday, and is a key element in running the sprawling and traffic-choked city. Helicopters hovered over the Park Kultury station area, which is near the renowned Gorky Park. Passengers, many of them in tears, streamed out of the station, one man exclaiming over and over "This is how we live!" ___ Associated Press Writers Jim Heintz and Mansur Mirovalev in Moscow contributed to this report.

Albert Gubay amassed his riches after founding the Kwik Save supermarket chain in 1965Photo: LIVERPOOL POST & ECHO

The devout Roman Catholic vowed to hand over half his fortune to the Church if he ever became rich when he was working as a penniless sweets-seller in Wales after the Second World War.

Instead, at the age of 82, he has fulfilled the deal by giving almost his entire £480 million estate to a new charitable foundation, keeping less than £10 million to see out his old age.

Mr Gubay, who amassed his riches after founding the Kwik Save supermarket chain in 1965, will continue running his companies until he dies and hopes to push to value of his empire to more than £1 billion.

After his death, the newly-founded Albert Gubay Charitable Foundation will receive an estimated income of £20 million a year from the businesses.

The Welsh tycoon has stipulated that half the income must be invested in the Roman Catholic Church, in line with his “pact”, while the rest can be distributed at the discretion of the trustees.

Mr Gubay, who now lives in Santon on the Isle of Man with his second wife Carmel, described his “50/50” deal with God in a 1997 television documentary made by RTE, the Irish broadcaster. He said he had told God in his prayers: “Make me a millionaire and you can have half of my money”.

He has now joined a line of businessmen who have handed over much of their wealth to charity in recent years.

Lord Sainsbury, the supermarket tycoon and one of Britain’s richest men, last year handed over £1bn to the Gatsby Charitable Foundation and instructed the trustees to spend all the money on scientific research, the arts and projects in east Africa before he dies.

Lord Ashcroft, the deputy chairman of the Conservative Party currently embroiled in a row over his tax status, has established a foundation to receive 80 per cent of his estimated £1.1 billion fortune after his death.

Karl Rabeder, an Austrian millionaire, announced last month that he was giving away every penny of his £3 million fortune after realising that being rich was making him unhappy.

Mr Gubay ranked 107th on The Sunday Times Rich List in 2009, but will disappear from this year’s list following his donation.

John Nugent, chairman of the Albert Gubay Charitable Foundation, said: “Albert is a very frugal man and has dedicated his life to good causes.

“He wants this work to continue after his death and he has given a lot of thought to this arrangement. His priority now is to maximise the asset base of the company. He is confident he can push the worth to £1 billion before he dies.

“With these arrangements he is keeping to the pact and going well beyond it.”

Mr Gubay, who began his business career selling non-sugar sweets in Wales during post Second World War sugar rationing, founded the first Kwik Save store in 1965 and went on to sell the supermarket chain for £14 million in 1973. The chain went into administration in 2007.

He went on to found the Total Fitness network of gyms, which he sold in 2004 for £70 million, and has since built a vast property empire.

The property group Derwent Holdings is among several dozen companies being transferred to the new charitable trust.

We used to think Abacha and IBB both evil intheir own way but now whoever is in charge of Yaradua's movements has revealed a wickedness unprecedented.

Article:

Ailing President Umaru Yar’Adua failed to appear at the Friday Jumat service in Abuja today, dousing tension in the political and security quarters of the federal capital that he will be ending his four months absence from public space by praying at the National Mosque.

Wide claims that Mr. Yar’Adua will be at the Jumat service caused anxiety among Politicians of the ruling People’s Democratic Party (PDP) last night who heard that loyalists of the President planned to bring him to the Friday service today.

A presidency source who wanted to remain anonymous said the plan triggered an urgent security meeting that went into deep hours of the night, the resolution of which was a stern warning to elements of the Yar’Adua inner circle to tread carefully and restrain from plunging the nation into a crisis.

“Ï think a riot act was basically read out to the Yar’Adua team with a cautionary note that they will be held responsible for any security breach in the city and in the country” said the source who refused to read any meaning to the sudden news that the president and his inner team had prepared to appear in public today.

Last night party officials described it as disturbing that the president’s planned re-entry into public life was coming three days before the Senate begins the screening of ministerial nominees on Monday, and a day after the 2010 budget was passed. They also questioned the choice of a religious occasion for Mr. Yar’Adua’s re-emergence in public.

One source said, “if the President would be coming out four months after his absence, it ought not to be at a religious event because that will send the wrong signal.” Mr. Yar’Adua, a Muslim from Kastina State participated in the weekly Jumat service at the National Mosque located at the Central business district in Abuja until his illness kept him from public view.

The ailing President was flown out of the country on the 23rd of November 2009 to Saudi Arabia for a heart condition and has since been out of public view. The issue of Mr. Ya Adua’s appearance became subject of interest last week when two national dailies claimed that plans were afoot for the ailing president to make a public outing this week.