Why does Singapore have such a low birth rate? Marginal REVOLUTION #birth


Why does Singapore have such a low birth rate?

How is it the most productive, functional country Singapore has one of the lowest birth rate in the world? Is this robot future in which only the better off have children? Why is it richer the world is the less people can afford children?

Right now the total fertility rate in Singapore is at about 1.2 and at times it has slipped down as far as 1.16. (Though it just went up to 1.29, perhaps because of dragon babies, noting that intertemporal substitution may snatch some of this back.) Why?

1. Singapore does education very well, and education lowers birth rates.

2. Singapore land and housing prices are especially high, which makes it very costly to have a family with three kids. Long working hours are expected too.

3. Singapore is a lot more fun than it used to be, and in this regard it has improved more than say France has. Children are a bit more fun, because modern life is safer, but the fun of children is subject to Baumol s cost disease.

4. Women are doing very well in Singapore and arguably they are not so willing to marry down in terms of income and educational status. I was struck, when I gave a talk to the economists at the Civil Service College in Singapore this summer, that well over half the audience was female. Sadly for some, rates of female singlehood for women in their twenties are still rising (pdf, very useful ). Controlling for education, however, female singlehood is not going up, which indicates the decline in fertility is related to the rise in education. And in that same piece you will find direct evidence for a marriage squeeze for well educated women and less educated men. That same squeeze doesn t seem as strong in the other wealthy East Asian countries.

5. This 209 pp. cross-national comparative study (pdf, also very useful) suggests that Singapore s generous childbearing subsidies do not work because women are still expected to shoulder so many responsibilities of child rearing. The traditional family model there is stronger than in say France. At the same time, France is a culture of leisure, long vacations, and limited work hours in a way which is quite far from practices in Singapore.

8. Child care and subsidized child care have been less common in Singapore than in France (see about p.119 of this pdf. the comparative study cited above), though Singapore has been changing in this regard.

What is stopping you from having more than 1-2 children?
Very stressful, because when they misbehave, you have to scold them.

Why do you think some Singaporeans are not having children nowadays?
It is very stressful for Singaporeans as the cost of living has gone up and they do not have time for their children. More women are now busy working too.

If you are interested in the comparison, ethnic Chinese in Malaysia have a total fertility rate of about 1.8. Malays in Singapore have a TFR of about 1.6, whereas the ethnic Chinese and ethnic Indians in Singapore are just barely above 1.0. To me that suggests that both culturally-specific-to-Chinese-high-earner factors and cost-of-living-in-Singapore factors are playing a significant role. Malay population growth, in terms of Malay babies born in Malaysia, is robust. Perhaps Singaporean men need more confidence. In Shanghai, by the way, the rate is barely above 1.0.

If I had to put it all in a sentence, I might try this: in Singapore, work and educational norms have shifted far faster than have family norms, relative to other birth-subsidizing countries such as France.

Note, most of all, that the low birth rate in Singapore is not the fault of Lee Kuan Yew .


Used Cars Calgary AB, Pre-Owned Autos Canmore, Bad Credit Car Loans Banff,


Do you have bad credit?

Rush Autos can help you get approved for a used car loan in Calgary AB regardless of your bad credit. Welcome to Rush Autos.com your source for “Rent To Own” used cars in Calgary Alberta. Are you looking for a Used Car in Calgary AB but have damaged credit? If so, don’t worry we can help you. Everyone is approved at RushAutos.com in Calgary AB. We have a large selection of used cars, used vans, used trucks, used SUVs, used sedans and family crossovers for you to choose from in Calgary. All of the used cars that we carry come standard with a Car Proof vehicle history report to ensure the quality of the inventory that we sell. Don’t let your bad credit hold you back from getting auto financing approval any longer. We can help you get quick and easy used car loan approval today!

What is Rent-To-Own?

With our “Rent To Own” auto financing program, we can get you approved regardless of your past bad credit history. Have you had past: bankruptcies, repossessions, foreclosures, or unpaid medical bills holding you back from driving the used car of your dreams? If so then you owe it to yourself to come down to Rush Autos in Calgary and finally hear the words “Yes, You’re Approved!”. We don’t let your bad credit score affect your approval process. Let one of our highly trained In-House financing bad credit specialists get you into the used car of your dreams with affordable payments that fit your current budget.

Bad Credit is OK, No Credit is OK, and Bankruptcies are OK! Rush Autos is located in Calgary Alberta, however we also offer bad credit auto loan approval to residents in: Calgary, Canmore, Banff, Medicine Hat, Lethbridge, Red Deer, Edmonton, Airdrie, Cochrane, Crossfield, Okotoks, Irricana, Black Diamond, Strathmore, Carstairs, High River, Didsbury, Olds, Nanton, Sundre, Three Hills and Vulcan Alberta.

10 Banks with Highest Interest Rates in India #bank #with #highest #interest


10 Banks with Highest Interest Rates in India

Bangalore: In December 2012, Competition Commission of India decided to take a look at the banking sector of India. Most of the public sector banks offer common 4 percent interest rates even though the Reserve Bank of India moved to an unregulated regime in October 2011. For banks, current accounts (CA) and savings accounts (SA) are the steadiest and cheapest source of funds. Banks usually target at least 30 percent of their total deposits from CA and SA. While maximum of the Indian population choose to keep their money in the savings account (SA), read on to know few popular banks with their current savings accounts interest rates on yearly basis.

Yes Bank is a private bank in India. It was founded by Ashok Kapur and Rana Kapoor, with the duo holding a collective financial stake of 27.16 percent. The bank provides a higher return of 7 percent p.a. on Savings Account for balance more than 1 lakh 6 percent p.a. for balance up to 1 lakh.

YES BANK has received significant national and international recognitions which include Dr. Rana Kapoor, Founder, MD CEO being recognized as the Entrepreneurial Banker of the Decade 2001-2010 by Bombay Management Association and was also Business Standard Banker of the Year 2011.

2. Kotak Mahindra
Savings Account Interest Rate: 6 percent

Kotak Mahindra is an Indian financial service firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. From 1st November, 2011, the bank offers 6.0 percent interest p.a. on Savings Account balance over 1.lakh and 5.5 percent p.a. on balance up to 1 lakh. In February 2003, Kotak Mahindra Finance Ltd, the group s flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI).

6 Billionaires Who Earned Their Wealth by Doing Nothing
10 Unique Ways to Carry Cash Safely While Travelling

Online server #ragnarok, #online, #ro, #private #server, #vps, #database, #guide, #job, #quest,


Happy New Year From RMS

I missed the opportunity to greet everyone a Merry Christmas, so I will start by wishing everyone have a Happy New Year. Every year around this time, I have the feeling to take a look back at how Ragnarok Online has come along. As I have probably said it before, what started out as a pastime once upon a time during a Christmas holiday had turned into a major part of my life for the last 10+ years.

Over the last year, I’ve seen many players feeling nostalgic and came back to RO looking for their happy memory. This is all thanks to the years of work from many talented people put into emulator projects. While keeping good record of the game’s development, servers are able to go back in time and create their own golden age of RO. It is a really nice concept that servers these days can choose to start at one episode and live back in the time that they think is the best. I appreciate every servers created by people who have a heart for RO and the effort they put into (re)building the shared memory we have.

As for 2016, I await for more quality server to come and keep the community strong. Once again, thanks for supporting RMS over the years. Also thanks for all the players and developers that have contributed to Ragnarok Online.

I wish you all have a wonderful year in 2016.

Gold Loan Rate of Interest #gold #loan #per #gram, #gold #loan #interest


1. Interest is charged on Monthly compounding basis for Express Gold loan Special 16. For others it will be on ab initio basis from the beginning.
2. In all cases interest slab will shift back to original rate at which the loan was availed if interest is paid up to date along with additional charges if any from the date of clearance of default
3. Service Taxes as applicable will be collected extra along with processing fee.

SME Loan- (Hypothecation of Stock )
Minimum. Rs 5,000
Maximum. Rs 50,000

Repayment through daily installment (EDI) collected in 104 business days.

Customer will be charged a default rate of 3%per month on the defaulted EDI amount for delayed number of days, if the EDI is not paid every day.

Processing charges. Rs.300+Serv Tax.
Collection cum Service Charge: 1% of loan amount
or Rs.150 whichever is higher.

Suvidha Loan- ( Short term business loan)
Minimum. Rs 5,000
Maximum: Rs 15,000

Repayment through daily installment (EDI) collected in 104 business days.

Customer will be charged a default rate of 3%per month on the defaulted EDI amount for delayed number of days, if the EDI is not paid every day.

Processing charges :Rs.150/- Serv. Tax
Collection cum Service Charge: 1% of loan amount or Rs.150 whichever is lower.

Processing charges :Rs.150/- Serv. Tax
Collection cum Service Charge: 1% of loan amount or Rs.150 whichever is lower.

* All interest rates mentioned are p.a only

Write to Us


What is Gold Loan?

Loan granted against security of gold ornaments is commonly called as Gold Loan.

Who is eligible to avail a Gold Loan?

Any individual above the age of 18, can avail a Gold loan by submitting the required gold ornaments for pledging and by providing necessary KYC documents.

Do I need a guarantor?

No guarantor required. The only security required to avail a gold loan is the gold ornaments to be pledged

What is the minimum/maximum tenor of the gold loan?

The minimum tenor for our gold loan is 1 day and maximum tenor for our gold loan is varies from scheme to scheme each loan has a different tenor (please refer to table below).

What type of gold can I pledge to avail the gold loan?

You can pledge any type of gold jewelry / gold ornaments with us. This includes items such as necklaces, rings, bracelets etc. We cannot take gold coins / bars for pledging purpose.

How can I repay my loan? What different options are available for the repayment?

Our gold loans can be repaid in a flexible manner. You can repay the loan at any of our branches by cash or cheque. Or through RTGS facility. We have recently launched E Pay facility which is an online payment facility where the customer can pay by Debit card or net banking.

Can partial payment be made for the gold loan?

Yes you can do partial payments or bullet payments as per your convenience till completion of loan tenor.

How and when can I get back the pledged gold jewellery /ornaments?

You can collect the pledged gold after making complete repayment of the loan from the branch where it has been pledged. Failure to repay the loan will result in Muthoot Fincorp Ltd. forced to settle the dues through Auction process after sending due and timely intimations to customers and through public notifications in newspaper

What is the minimum limit on your gold loan?

The minimum amount of our gold loan is Rs 1000/- or loan equivalent to 2 grams of gold pledged as per latest LTV. Daily LTV is uploaded in our site.

Is there any maximum amount restriction?

No, there is no restriction on maximum gold loan subject to necessary approvals.

Why should I take Gold loan from Muthoot Fincorp Ltd. when there are other loan options available?

Gold is one of the most liquid precious metals and a customer can avail Gold loan when there is a need. Gold loan is now being preferred by many of our customers due to variety of reasons, primarily:

  • Quick loan approvals and disbursals, with minimal documentation and formalities
  • It is one of most convenient loan to be availed in case of emergency
  • Easily available asset with most of households in India.
  • Multitude of loan options available with higher LTV
  • Greater accessibility due to better penetration.
  • Convenient Hours of operation
  • Flexibility – provision of very small and large loan amounts

What are the benefits of taking a Gold Loan from Muthoot Fincorp Ltd.?

  • Quick Loan disbursal
  • Pre-payment /Part payment options available -without any penalty
  • Minimal documentation
  • Instant Gold evaluation
  • Strong rooms for providing safe custody for gold ornaments

Is my Gold jewelry /ornaments safe with Muthoot Fincorp Ltd.?

Yes it is. We understand the sentiment attached to your ornaments and therefore we are storing your gold ornaments in safes under dual locking facility inside strong rooms .We also have installed CCTV cameras to enable round the clock surveillance in our branches.

How can I apply for a Gold Loan with Muthoot Fincorp Ltd.?

You can avail Gold Loan by just walking into any of our branches with Gold ornaments of required purity .The customer service executives in our counters will collect your KYC documents and guide you through the rest of the process.

How much can I expect for my gold?

This depends on the rate of gold (applicable Loan to Value rate- LTV) on that date and the purity of gold ornaments. Please contact your nearest MFL branch for right information in this regard.

How can I contact Muthoot Fincorp Ltd. if I need more information?

You can reach us at 1800 102 1616, (call center) or click here for contact us page. You can also get to know us better or voice your opinions/ views on our Facebook and twitter pages

Multi Interest Gold Loan

This product is designed for retail customers who require different rate per grams at different interest rates. Suitable for interest sensitive retail customers who want different schemes at different interest rate, which might vary according to collateral value and their specific needs.

Schemes with Interest Slab Scenarios

  • Best suited for interest sensitive customers
  • Very low interest rates
  • For customers who have higher gold collateral but require lesser amount
  • 70% of applicable LTV can be availed
  • Offers flexibility in repayments
  • No change in base interest rates for 3 months irrespective of repayments
  • Best suited for businessmen having quarterly cash flows
  • A product with ideal mix of lower rate and higher LTV (Loan to Value)
  • 80% of applicable LTV can be availed
  • Offers higher degree of flexibility
  • No change in base interest rates for 5 months irrespective of repayments
  • Best suited for customers having cash flows in longer intervals
  • 90% of permissible LTV can be availed

Why a Customer Should Opt For MIP?

  • Attractive interest slab starting from 14% up to 22%
  • Option to select from different slabs and different rate per gram based on customer’s requirements
  • Flexible repayment options
    1. Bullet payment of interest and principal
    2. Part payment of interest and principal
  • Payment can be done at any of the Muthoot Fincorp branches
  • Simple documentation and quick processing
  • Very Competitive interest rates
  • If the customer remits all the outstanding dues, the interest rate will shift back to the Original rate at which the loan was availed

Our Gold Loan Variants

Texas Motorcycle Insurance – Get a Quote #texas #motorcycle #insurance, #motorcycle #insurance,


Motorcycle Insurance Minimum Requirements in Texas

The state of Texas requires all drivers to prove financial responsibility for any accidents they may cause. For many, that means purchasing liability insurance.

Ways to Establish Financial Responsibility

Although most drivers in the state prove their financial responsibility by purchasing a motorcycle insurance policy, it’s not your only option. The following is a list of what the state will accept as proof of financial responsibility:

  • Vehicle liability insurance policy through a state-licensed insurance provider.
  • A surety bond filed with the county clerk. The bond must include two people, both of whom own real property in Texas.
  • A deposit of $55,000 in cash or securities, made to the county comptroller.
  • A deposit of $55,000 in cash or cashier’s check, made to the county judge.
  • Certification of self-insurance through the Texas Department of Transportation (TxDOT). This option is typically for dealers, as you must own more than 25 cars to be eligible for self-insurance.

Motorcycles Defined

Texas statutes are very specific about the definition of a motorcycle and other similar vehicles:

  • Motorcycle ―A motorized vehicle with a saddle for the rider and operating on a maximum of three wheels. This does not include tractors. Motorcycles are considered the same as passenger vehicles when it comes to registration, titling, and insurance requirements.
  • Moped ―A motorized cycle that does not operate faster than 30 MPH and has less than 2 hp and less than 50 ccs displacement.
  • Motor-driven cycle ―A motorcycle with engine displacement of less than 250 cc.

If you need further information about these definitions or regarding your specific vehicle, contact your local TxDOT office. You can also call Customer Service at (888) 368-4689.

Texas Motorcycle Insurance Requirements

In an effort to decrease the number of uninsured Texas drivers, state lawmakers have set required minimum amounts of liability insurance. So, if you want to drive in this state, you must have a motorcycle insuranc policy that includes liability coverage in at least the following amounts:

  • $60,000 bodily injury coverage total per accident
  • $25,000 property damage coverage per accident
  • $30,000 bodily injury coverage for each injured person in an accident

As you are getting your motorcycle insurance quotes, consider that the coverage amounts listed above are only minimums; there is no maximum. It’s often a good idea to get more coverage or protect yourself with different types of insurance. Check out all the various types of insurance coverage to make sure you get the policy that will work best for you.

How Coverage Affects Helmet Requirements

Texas helmet requirements are not affected by how much automobile insurance you have. They are, however, somewhat affected by your health insurance policy. In short, if you ride a motorcycle (as driver or passenger) you must wear a helmet, unless:

  • You are at least 21 years old,
  • AND
  • You are covered by a health insurance plan that covers medical/surgical expenses incurred from a motorcycle accident.

Proof of insurance and Financial Responsibility

In coalition with state lawmakers and other agencies, TxDOT to created TexasSure. a program to verify insurance electronically.

TexasSure: Insurance Verification Program

This verification program requires state insurance agencies to electronically submit insurance information directly to TxDOT. Once in the system, the information is accessible by all TxDOT departments, as well as law enforcement.

No action is required on your part, as long as you maintain the required minimum of coverage on your motorcycle. But if your insurance lapses or is canceled for some reason, or if there’s a discrepancy in your records, you’ll be hearing from TxDOT.

Respond to the notice from TxDOT by sending proof that you do have the required insurance, or resolve the discrepancy.

Penalties for Failure to Maintain Financial Responsibility

If you fail to maintain minimum insurance coverage, you can face penalties including:

  • Fines.
  • Driver’s license suspensions.
  • Car impoundment.

Within 20 days of receiving a suspension notice, you must decide whether you’re going to appeal. If you do appeal, it could stop suspension procedures until the matter is resolved. Notify the TxDOT about your decision to appeal by contacting them at the address or phone number on your suspension notice.

Reinstating Registration and Driver’s License

You can lift your suspension by doing the following:

  • Pay reinstatement fees from $175 to $350
  • Provide proof of current liability coverage

For more information related to penalties for no proof of insurance, contact your local TxDOT office.

Putting Principles Back in Credit Card Processing – Merchant Services, lowest rate



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Principle Payments was founded by a team of industry executives and has become the gold standard in Credit Card Processing and related Merchant Services. Through our vast experience and expert knowledge of the industry, we provide merchants with the most tailored and customized rates based upon their specific business. In addition, we provide the most compliant and up-to-date equipment available. You work hard to make your business successful, let Principle Payments’ Industry Experts help you grow it.

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We strive to surpass customer satisfaction by offering new and existing merchants turnkey payments solutions at the lowest rate guaranteed. Plus, with Principle Payments, you get our world-class LIVE U.S. based customer service and technical support 24/7/365 days a year.

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Are you a business owner “on-the-go?” You can now possess the power of an advanced, state-of-the-art card terminal on you smartphone, tablet or other mobile device when you’re “on the go.” Principle Payments provides 24 x 7 x 365 expert live support. The bottom line: AcceptPro is the only choice for merchants who are serious about their business.

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From Gift Cards and Loyalty Programs to Cash Advances and Electronic Check Guarantee Services, Principle Payments is a premier provider of merchant services and related business solutions.

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Mortgages & Home Loans – Refinance & Interest Rate Calculators, lowest interest




American homeowners are tapping their home equity again, with the cash-out share of refinances rising to its highest rate since 2008, according to data from Bla.

Mortgage Calculator

Find out your estimated monthly payment.

Refinance Calculator

Should you refinance your mortgage? Figure your monthly savings. Compare your principal balance in years with and without refinancing.

Loan Calculator

Is home ownership the right path for you? Analyze the total cost to rent versus the total cost to own for a specific period of time.

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Tool to help home buyers estimate the cost of monthly mortgage payments.


Mortgage 101 Daily Rate Averages are collected for standard mortgage programs from over 700 companies in 50 states and the Disctrict of Columbia.

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Applying for a Mortgage after a Bankruptcy

By understanding the requirements to get a mortgage after a bankruptcy and by carefully rebuilding your credit standing, you can apply for a loan and buy a home.

What Are Typical Mortgage Down Payments?

Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property.

What Lenders Don t Reveal About Home Equity Loans

It is important to understand the truth about home equity loans so that you don t run into future problems. Lenders may not tell you the entire story when you seek to borrow on the equity of your home. Before you consider taking this step, consider the following information about home equity loans.

The content on this site is provided for informational purposes only and is not legal or professional advice. Advertised rates on this site are provided by the third party advertiser and not by us. We do not guarantee that the loan terms or rates listed on this site are the best terms or lowest rates available in the market. All lending decisions are determined by the lender and we do not guarantee approval, rates or terms for any lender or loan program. Not all applicants will be approved and individual loan terms may vary. Users are encouraged to use their best judgment in evaluating any third party services or advertisers on this site before submitting any information to any third party.

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