₦airaland Forum

http://edition.cnn.com/2012/06/18/world/asia/pakistan-taliban-polio/index.html?hpt=hp_t3

Islamabad, Pakistan (CNN) -- A Taliban commander in northwest Pakistan has announced a ban on polio vaccines for children as long as the United States continues its campaign of drone strikes in the region, according to a statement by the Taliban.

"Polio drops will be banned in North Waziristan until the drones strikes are stopped," said the statement, released Saturday.

"Almost every resident of North Waziristan has become a mental patient because of the drone strikes, which are worse than polio," the statement continued. "On one hand, the U.S. spends millions of dollars to eliminate polio, while on the other hand it kills hundreds with the help of its slave, Pakistan."

Pakistan remains one of only three countries that have yet to eradicate polio.

Taliban take forceful control of schools The country's polio campaign made headlines last year when a Pakistani doctor was linked to a CIA operation to verify Osama bin Laden's whereabouts with a door-to-door vaccination campaign in the town of Abbottabad, where the al Qaeda leader was hiding before he was killed.

U.S. officials have said the plan did not work, but aid groups and Pakistani health officials have said the CIA's alleged meddling with a vaccination campaign undermined Pakistan's efforts to eradicate polio.

Taliban commander Hafiz Gul Bahadur made the decision on the vaccination ban after consulting with other Taliban leaders, according to the statement.

Bahadur commands the faction of the Taliban based in North Waziristan, the district Washington believes is the main safe haven for the Haqqani network and other militant groups fueling the insurgency in Afghanistan.

It's not clear how Bahadur's decree will impact the polio eradication campaign in North Waziristan or in nearby districts, where he doesn't wield as much power.

It is widely believed that Bahadur is allied with the Haqqani network and provides shelter for the group in North Waziristan. The United States has pushed Pakistan to launch an offensive against the militant groups in North Waziristan, but Pakistani military officials have resisted, saying their troops are stretched too thin.

In April, U.S. President Barack Obama's chief counterterrorism adviser John Brennan acknowledged the use of U.S. drones.

"Yes, in full accordance with the law -- and in order to prevent terrorist attacks on the United States and to save American lives -- the United States government conducts targeted strikes against specific al Qaeda terrorists, sometimes using remotely piloted aircraft, often referred to publicly as drones," Brennan said.

Fellow traders, i don't mean to derail this thread but it appears 95% of those that lose in Forex are the one's funding this lads playboy lifestyle.

23 YEAR OLD UK LONDON BASED FOREX WHIZ KID SPENT $300k ON BOOZE AT A LIVERPOOL CLUB.

http://www.mirror.co.uk/news/uk-news/the-businessman-who-ran-up-204947880-752576

http://www.businessinsider.com/fx-trader-300k-champagne-club-alex-hope-2012-3

http://www.alexhopefx.com/about-alex

This is the consequence of throwing away logic and reason

http://uk.news.yahoo.com/pair-found-guilty-witchcraft-murder-141423256.html
A couple have been found guilty of the barbaric murder of a 15-year-old boy who they believed was a witch.

Football coach Eric Bikubi and his partner Magalie Bamu, both 28, subjected her younger brother Kristy to four days of brutal torture.

The boy had travelled with his two brothers and two sisters to London from Paris to spend the 2010 Christmas holidays with their eldest sister.

During the visit, the couple turned on Kristy and became convinced he was possessed.


They believed he had cast spells on another child in the family, the Old Bailey heard.

Tests found Kristy, who was singled out after wetting his pants, had suffered 130 injuries and that he had drowned in the bath during a final ritual of deliverance.

The boy was in such pain after days of being attacked with knives, sticks, metal bars, and a hammer and chisel that he "begged to die" before slipping under the water, it was claimed.


The teenager had refused to admit to sorcery and witchcraft and his punishments in a "deliverance" ceremony became more horrendous.

The driving force behind the killing was their belief in the phenomenon of "kindoki" , which is an established part of spiritual life in areas of central and western Africa.

The killers both hail from the Democratic Republic of Congo where belief in witchcraft is particularly strong.

Bikubi had sought the advice of pastors in London but the torture of Kristy went far beyond the deliverance services carried out in African churches.


A series of sustained attacks took place in a small eighth-floor flat in Manor Park, east London, where the rooms were left covered in blood.

The Old Bailey jury was told there was an "armoury of weapons" including several knives, a metal bar, wooden poles, a pair of blood-stained pliers, a hammer, a chisel, broken ceramic tiles and a blood-stained mop.

Bikubi and Magalie Bamu deprived the other children of sleep for four days, made them fast and forced them to pray.

The sisters, aged 20 and 11, were beaten along with Kristy, but escaped further attacks after "confessing" to being witches.

The terrified siblings, who also included a 13-year-old boy and an autistic brother aged 22, were made to join in the torture.

At one point, Bikubi told the youngsters to jump out of the window to see if they could fly, the court heard.

They looked to their older sister to save them, but instead Magalie encouraged Bikubi and beat Kristy until he also confessed to witchcraft.

The defendants, who denied murder, were remanded in custody to be sentenced on Monday.


Judge David Paget told the jury of seven women and five men that the case was so "harrowing" he was exempting them from jury service for the rest of their lives.

"It is a case we will all remember," he told them. "Court staff will speak to you and offer help to you."

Kristy's family were not in London for the verdict but a statement was read from his father, Pierre.

He said: "Kristy died in unimaginable circumstances at the hands of people he loved and trusted, people we all loved and trusted. I feel betrayed. How could they accuse, judge and sentence?

"To know that Kristy's own sister, Magalie, did nothing to save him makes the pain that much worse."


Detective Superintendent Terry Sharpe said: "The Met has done a great deal of work to understand and deal with belief-based child abuse, including witchcraft and spirit possession.

"However, this is a hidden and under-reported crime and therefore difficult to deal with in terms of protecting potential victims from harm."

The NSPCC children's charity warned that Kristy Bamu's ordeal was not an isolated case.

It said: "The vast majority of people in the communities where it can take place are horrified by these acts and take no part in this atrocious behaviour.

"So we must not be afraid to challenge these communities to out the wrong-doers within them. But sadly this deeply disturbing case is not a one-off incident."

.

The Right Way to Learning Price Action

http://www.traderslaboratory.com/forums/trading/12131-right-way-learning-price-action.html?utm_source=TL+Newsletter&utm_medium=email&utm_campaign=NL+02%2F21%2F2012+%28Price+Action%29&utm_content=chinedu7%40hotmail.com

The market has a language and many fail to interpret its language. In frustration, some say the market was random, or the market was impossible to beat. Some even resort to far flung theories such as believing that a powerful group of individuals is controlling the market. When traders do not understand price, market movements appear to be random. But they are not. There is an incredible degree of order. And when traders say that the market cannot be beaten, it is typically said in response to appease their own failure. Trading is not suited for everyone, just as being an attorney is not for everyone.

Some traders defy the typical learning curve and excel from day one. That is an excellent gift to have. Even though I’ve seen videos of such prodigies, unfortunately, for many, a rocky road is the price for learning this profession. Experience cannot be served on a hot platter. It must be earned.

I highly recommend you to take physical printouts of market activity in different time frames and study them well. Studying them on screen will not replace the pen and paper. I used the 1H time frame back then, but nowadays I would recommend to go with the 1H for equities with regular trading hours, and the 4H for markets trading around the clock (such as futures or currencies). You will easily see the trends I am talking about here and following with great success.

Try to feel and touch the market because there is a lot of psychology involved behind the price action. You do not need to know the exact economic data behind. That is nonsensical information overflow. The reason that many traders have a difficult time understanding markets is because they cannot understand the underlying reason why markets move. If greater attention was placed on understanding price, more traders would be having success. I’m sure you have heard that there is no better indicator than price. This is what many traders are attempting to decipher but cannot. The real pulse of the market remains elusive to them. If we don’t know why, the markets will tie us up in knots and will seem like a mystery that can never be solved.

What do most amateur traders use to address this problem? They use technical indicators. Indicators do not stimulate critical thinking skills. You rely on something to give you the answer because you don’t know the answer yourself. Imagine a familiar scenario for a moment: three indicators tell you it is now good to be long, while one indicator says you should not. Is this really having real insight on why markets move?

A successful trader’s mindset is very hard to put into words, hence I understand if this article appears abstract to you. What I strongly want to encourage is self-study and critical thinking with regards to what you see in your printouts. Feel free to contact me anytime, through.

Chances are smashingly slim that you will make it as a trader, however, do not believe those that tell you that the odds are stacked against you. This is a myth. If you develop a consistent method, the odds are not against you. Struggling traders always find excuses for why the market is bigger or stronger than me or you. The world is filled with those that say it cannot be done. An agenda to prove something to someone is always up their sleeve, so they can finally tell you, “I told you so.” Do not waste your precious time with these individuals.
tiger369 and aeon1 like this.

Is this is rhetorical question.
The answer is very obvious- Christians rather than save 10% of their income into special and take advantage of the power of compound interest to build up a war chest for future investments. They have been brainwashed and would foolishly donate these monies to their 'MOG' hoping for promises of of MOG that their wealth would be multiplied.

Isn't it strange that these MOG themselves wouldn't wait on God for their money but rather brainwash their suggestible and gullible congregation into parting with their hard earned savings.

Another reason why church goers are poor is because of the share amount of time they spend attending churches hoping for a miracle that would solve al their problems. I have seen peole who go to church or fellowship activities up to 4 times a week, sometimes spending up tp 4 hours each time. Can you imagine the buisness ideas that could have been generated if those times were more effectively utlised.

A the extreme end, the very gullible christians have totally lost their confidence and self-esteem and can't make any decision on their own, even when concerning intimate family matters. So, if such individuals approach their MOG for advice on biz, their answer is obvious 'donate it to God and you will reap multiple rewards'.

Lagishia is a coward and blinded bigot and wouldn't respond sensibly to the arguments advanced by fxking. He is very predictable and i expect him to start railing abuses rather than address the facts.
Taliban have killed and continue to kill innocent moslems and their mass murder have far exceeded those that died in in the course of nato invasion.
Suicide Bombers in Iraq kiiled more moslems than died in the course of US led war.
The moslems tyrants in Yemen, Syria, Egypt, Libya, Somalia, Tunisia killed more of their own people than America have kiiled in all it's wars.

Moslems rahther than look at their religion critically keep blaming others for their wickedness and  am glad they are actually meaner to one another and would eventually self-destruct.
Once Iran develops it's nuclear bomb, it wil usher in a nclear arm race that would see Turkey, Saudi, Egypt develop nuclear weapons. Knowing how sunni and shia hate each other, and relish suicide bombing, they are more likely to first use these weapns on themselves.

You don't need to look further ahead for incontrovertible evidence of Islam's promotion of violence and hate than Lagoshia's vile and belligerent response to previous polite posts on this thread. Lagoshia rather than address the topc intellectually is railing abuses on the messenger.

History is replete with examples of Islam's atrocities, mass murder, enslavement of africans and forced conversion which continues till date.

Have you asked yourselves why Moslmes find it diffiucult to co-exist peacefully with other civillizations. I won't have enough time to give example but these are just a few:

1) In the west, moslems migrate from their sharia-mad countries, are given jobs and benefits, yet turn around to hate and bomb their hosts. They hate their hosts, yet they won't go back to their backward countries.

2) After the partition of India into India and Pakistan. You had several hindus residing in Pakistan, but their population have declined rapidly over the years due to persecution by the moslem majority in Pakistan. On the other hand, moslems in Hindu majority India are thriving, because Hindu is tolerant unlike Islam.

3) In China, the tiny moslem dominated regions <0.001% have been terrorising and even threatened to bomb the beijing olympics.

4) The conflict in Kashmir would have been resolved if not for the intransigence and inflexibility of moslems in pakistan.

5) The moslem dominated areas in southern Thailand are fighting the majority hindu and regularly behead bhudist monks.

6) The tine moslems living in southern phllipines are waging war on the phillipine government.

7) The moslems living in chechyen and other areas of russia are up in arms fighting for their own state.

I can bet my life that if the palestines have been any other religion aside islam, that conflict could have been long resvolved.

9) I have forgotten to mention the moslems in Bosnia who were instrumental in staring the balkan wars of the 90's.

10) The christains in middle east including coptic xtains in egypt are facing huge and incalculable persecution, hence the drop in ther numbers in recent years. Why haven't the xtians taken up arms and start bombing their majority moslem compatriots?

There is definitely something in the molsem scriptures that turns sensible men like -lagoshia into hate filled bigots.

Is it just a coincidence that moslems always take up arms when living with other civillizations/religions?

Why are moslems over-represented in conflict around the world?

http://pmnewsnigeria.com/2012/01/16/more-pains-for-lagosians-as-lagos-plans-to-increase-land-use-charge/

More Pains For Lagosians As Lagos Plans To Increase Land Use Charge

Lagosians, especially tenants are in for more pains as the Lagos State Government is set to increase Land Use Charge this month.

The increase in the LUC charge is supposed to kick off on 1 January, this year but with President Goodluck Jonathan giving Nigerians a bad New Year gift of fuel subsidy removal, not much has been heard about the new increase.

It is expected that after the tension arising from the removal of fuel subsidy would have waned, the state government will announce the take off of the new land use rate.

Many landlords and tenants have appealed to the state government not to increase the LUC rate as it would bring hardship to the people.

Certainly, it is the tenants that will bear the brunt as the landlords would pass the increment to the tenants in form of house rent increase.

Governor Babatunde Fashola had during the budget presentation to the state House of Assembly announced that government would hike the LUC rate by January 2012.

“Unfortunately, but necessarily, we must implement a review in the annual property rates under the Land Use Charge,” Fashola had said.

“The reasons are simple. The massive infrastructural renewal in Yaba, Apapa, Ikoyi, Victoria Island, Lekki, Iba, Surulere, Mushin and other parts of Lagos has increased the property values and rental income to property owners in this state,” he added.

“The rate of the Land Use Charge has remained unchanged since 2002 and although it was agreed that the rate will be increased in 2009, but because of the global financial crises, we refrained from doing so until now.

“So for nine years, we have kept the same rate of Land Use Charge without review even though all the variables of the economy, inflation, interest, and exchange rates have increased,” he continued.

“I must now necessarily announce an increase of 0.05% in the rate of Land Use Charge effective from 1 January, 2012,” Fashola stated.

The governor said although the revenues government expected from this increase would not be sufficient to meet all its costs, it would be useful and necessary if “we must continue to fund the new minimum wage, security, education, healthcare, housing, waste management and inner city and neighbourhood road repairs and construction without depending on the diminishing and at best unstable oil prices.

“As we exercise these choices, we are mindful of the genuine aspirations and desires of our citizens to own their houses and transact businesses with their properties,” he said.

Thanks Jikings for your contribution which has definitely been the most insightful and shed a lot of spolight into the workings of this business. Your detailed post including revelations of teh bargaining tactics of the traders leaves me in no doubt that you were once in this business. I am sorry you had to give up due to the dirty tricks of the traders. I understand that this 'cartel -tactics' makes it difficult to negotiate individually with the traders and get a best price.
However, I know these ladipo traders regularly buy these parts from importers, so, how do the importers get around these obstacles?
I will look into your suggestion of setting up a shop and sell directly to the public, although that may be too slow for me, but it is definitely be an option worth considering.
How di you source your parts while in the biz? If i am able to source the parts cheaply, don't you think one can still make a modest profit irrespective of how low the traders offer? (There must always be a nadir whereby their pricing will seem ridiculous).
I am also considering to sell to a wider geographical area in the west, which i am hoping will neutralise the trader's monopolistic tricks. i.e. it will be difficult for ladipo traders to influence ibadan spare part traders.
I am still in the consultative process and will make a decision on whether to run or jump, only after a careful review of all the data and advice from my research.
Thank you guys for your various suggestions.

Landlord2:
Ok poster, first test of your readiness for business. I am making a Pre-order.

I need the left side doors (front and back) of 2008 Toyota Corolla. What will be your delivery price to Lagos? Let us get it rolling from here. The experience may assist you.

Mate, i am tempted to take up your challange but if you re-read my post, i am currently researching the market. As you know, this is a very technical market and i want to be sure of my ability to compete with well established players before taking a plunge. If at the end of my consultations i decide to use 'pre-order' as a business model, i would definetly get in touch.
Regards

y2kaustin:
I will advice you to do bulk engine sales,without bisecting it.I deal in engine sales at ladipo warehouse,Lagos Nigeria.The fastest selling engines,are that of Honda,Nissan,and Toyota(especially that of Camry 2000-2002).I have bulk buyers,that we work together,that will be willing to clear it as soon a the container anchor Tin-Can Port.If you are willing to do business kindly get in touch with me on 234-8134340380 (Austin Essien)anticipating doing business with you,Merry Christmas.

Hi Austin, Thanks for responding to my thread and offering an informal offer to do business with me. I am still in the process of doing a market research and conducting feasibility studies. If at the end process, i feel the margin is reasonable and risk not too great, i will definitely give you a call.
Regards

areeo:
Exporting of used car parts into Nigeria could be highly rewarding.But you need to take your time to do trade intelligence.
There are assorted brands that you could export,but the most popular ones are Honda,Toyota,Volkswagen,Mercedese benz,mitsubishi,Nissan,Mazda,BMW and recently Izuzu series.
Feel free if you have specific questions to ask me.
You can contact me on this forum or directly thru mail:essyske@gmail.com
All the best.

i have sent an email from my yahoo'doctorkk1001@yahoo.co.uk.

Thank you guys for your different contributions. They have been richly revealing and i have really learnt a lot from your various takes on this proposal. I know every business involves some measure of risk taking but any adverse outcome can be reduced to a minimum by a thorough market research which informed the opening of this thread. There is always some inertia and anxiety before embarking on a new venture but it is important to be careful but not be cowed into a state of retreat or indecision. I have decided to proceed with this venture in early 2012 and i have trusted people back home in Nigeria who are very dilligent and committed.

I have equally done some research here in the UK which is still ongoing and i have made contacts with several salvage yards who would supply the parts. I have also made contact with a shipper with whom had previously done some business in the past.
My aim is to focus on the common autos used in Nigeria- Toyota, Honda, Nissan and Peugeot.
What years are most commonly sought after - 1995 to 2000, 2000 to 2005 or 2005 to 2010. My guess is that more cars will fall into the 2000 o 2005 bracket.
Is it better to focus on a few parts i.e. less than 10 or should i just order as many different parts as possible? If you think i should focus on a few number of parts, kindly give your reason and examples of the parts that would move fast.
Which will have a higher profit margin, buying a vehicle and breaking it down into it's constituent parts or buying the individual parts from car breakers?
I look forward to your continued and constructive input into this thread.

Thank you guys for your different contributions. They have been richly revealing and i have really learnt a lot from your various takes on this proposal. I know every business involves some measure of risk taking but any adverse outcome can be reduced to a minimum by a thorough market research which informed the opening of this thread. There is always some inertia and anxiety before embarking on a new venture but it is important to be careful but not be cowed into a state of retreat or indecision. I have decided to proceed with this venture in early 2012 and i have trusted people back home in Nigeria who are very dilligent and committed.

I have equally done some research here in the UK which is still ongoing and i have made contacts with several salvage yards who would supply the parts. I have also made contact with a shipper with whom had previously done some business in the past.
My aim is to focus on the common autos used in Nigeria- Toyota, Honda, Nissan and Peugeot.
What years are most commonly sought after - 1995 to 2000, 2000 to 2005 or 2005 to 2010. My guess is that more cars will fall into the 2000 o 2005 bracket.
Is it better to focus on a few parts i.e. less than 10 or should i just order as many different parts as possible? If you think i should focus on a few number of parts, kindly give your reason and examples of the parts that would move fast.
I look forward to your continued and constructive input into this thread.

abouqi:
@ Nimshi: For Christ sake STOP posting bad topics about MEN of God! Like someone rightly said, your country is burning with BH bombings, here you are talking about Bishop Oyedepo. You talk so bad about him because you don't know him; HE IS DEAD FOR CHRIST! NOTHING you will write will make him RUN AWAY from Church or change his approach! So why not look else where for topics if you don't have what to write again! If you are waiting for the Bishop to apologize to the witch, it has to be after you are dead Nimshi! Mtcsewwww!!!!!

It seems a lot of folks have become used to livng in dictatorship and have a mindset of never questioning their leaders. While our politicians use tribalism to deflect criticism of their failings religious leaders use the scriptures. I don't know why any religious leader would like to shut out debate and transparency. We have every right to question the unconventional and frankly criminal actions self appointed 'Men of God'.
Slapping that poor girl was wrong and nothing you spin will change the fact that it was a cowardly act. How many thieving politicians has he slapped or castigated?
Why is it only the poor or vulnerable old women that end up being 'witches'?
How many middle or upper class children has he identified as witches in his church?
He comes to the Uk regularly, how many witches does he cast away here?
Do you really think he can get away with slapping a minor in any adavnced country?
Take a close look at that poor girl, look at her dressing, facial expression and the look of perplexity? and you wil realise something is not right with the poor girl. Have you assessed her understanding of the question?
Do you know some people suffer from 'mental retardation' and have difficulty understanding complex or multi-thematic questions?
Have you had of th term 'suggestibility' where people confess to crimes they were not responsible for?
Please, let us show empathy and put ourselves in the place of this 'abused child'.
When the intelligent world are planning on going to the moon, building micromachines, using stem cells to cure chronic diseases, we are still obsessed with primitive beliefs in 'witches and wizards'. May God help us.

olas2u:
you will make some mistakes ,but i just hope it will not be too much.In Nigeria Nissan ,Toyota engines ,and you can try peaguot,its better you have a shop,so that you put somebody and collect money.but ther eare instanst buyers.But business is profitable in long run ,not in the short period.exchange rates fluctuations may shorten your profitss oemtimes.the sucess of the business depends on the person in Nigeria who sells it and send back the money for another purchase.

Thank you Olas2u for your insight on the types of engines most sought after in Nigeria. You also alluded to mistakes, can you kindly give examples of some of he mistakes and difficulties i should anticipate.
I am well aware of the importance of having a honest and trustworthy person in Nigeria. What are your views on supplying to stablished traders?
Regards

I live and work in the UK and contemplating exporting used cars parts to Nigeria. The parts I intend exporting include – engines, dashboards, abs pumps, a/c condensers, gearbox ecu’s, cylinder heads, kompressors, crankhafts etc.  I I live and work in the UK and contemplating exporting used cars parts to Nigeria. The parts I intend bringing include – engines, dashboards, abs pumps, a/c condensers, gearbox ecu’s, cylinder heads, kompressors, crankhafts etc. I plan to buy the parts from auto breakers and yards and inspect carefully prior to shipment.

I don’t have any experience in this type of business and would appreciate advice and suggestions on this proposed business.

1) Which are the most popular cars in Nigeria?
2) Are there any restrictions to the importation of used cars parts to Nigeria?
3) What kind of profit margin can one expect from this business?
4) What are the risks inherent in this proposal?

I would really appreciate your input, advice or suggestions on this my business proposal as I am by nature very risk averse,

I live and work in the UK and contemplating exporting used cars parts to Nigeria. The parts I intend bringing include – engines, dashboards, abs pumps, a/c condensers, gearbox ecu’s, cylinder heads, kompressors, crankhafts etc.  I plan buying the parts from car breakers and yards, inspect them carefully prior to shipment.

I don’t have any experience in this type of business and would appreciate your advice and suggestions on this proposed business.

1) Which are the most popular cars in Nigeria?
2) Are there any restrictions to the importation of used cars parts to Nigeria?
3) What kind of profit margin can one expect from this business?
4) What are the risks inherent in this proposal?

I would really appreciate your input, advice or suggestions on this my business proposal as I am by nature very risk averse.

http://edition.cnn.com/2011/11/08/showbiz/ent-heavy-d-dead/index.html?iref=NS1
Los Angeles (CNN) -- Rapper Heavy D collapsed in his Beverly Hills home Tuesday morning and died a short time later at a Los Angeles hospital, according to police and the coroner. He was 44.

Heavy D, whose real name is Dwight Arrington Myers, was found conscious with difficulty breathing at his home after police were called there at 11:25 a.m., the Beverly Hills police said in a news release.

He was pronounced dead in the emergency room at Cedars-Sinai Medical Center on Tuesday afternoon, according to Los Angeles County coroner's operations chief Craig Harvey. The cause of death has not been determined, Harvey said.

His hip-hop recording career began in 1987 with his group Heavy D & the Boyz and on his first album he released the hit single "The Overweight Lover's in the House." Another one of his breakthrough hits came in 1991 with a remake of the O'Jays' "Now That We Found Love."

Heavy D's rapping was featured on Janet Jackson's 1990 hit "Alright."

He rapped on Michael Jackson's 1991 hit "Jam," which he performed at last month's Michael Jackson tribute show in Cardiff, Wales.

He also composed and performed the theme songs several television shows, including "In Living Color," "MADtv" and "The Tracy Morgan Show."

His last CD, "Love Opus," was released this year.

Heavy D also pursued an acting career, which included mostly roles on TV shows and movies.

He played a courthouse guard in the Eddie Murphy film "Tower Heist," released last weekend.

He used his Twitter account Monday night to express sadness about the death of boxer Joe Frazier:

"SMOKIN JOE FRAZIER, RIP, truly one of the best heavyweight champs that ever lived, GODS SPEED,MR FRAZIER!"

Heavy D's last Twitter message, posted late Monday, was: "BE INSPIRED!"

http://tribune.com.ng/index.php/front-page-news/29912-100000-policemen-carry-handbags-for-wives-of-moneybags-police-service-commission-boss-laments

IT has been revealed that out of the 330,000 police staff strength, over 100,000 are attached to individuals, to be carrying handbags for their wives.

The chairman, Police Service Commission (PSC), DIG Parry Osayande (retd), who made the revelation on Tuesday while addressing the Senate Committee on Police Affairs, said that it was regrettable that only 230,000 policemen were left to police 150 million Nigerians.

According to him, “are these 150 million Nigerians supposed not to be protected, if only a few fortunate individuals are being protected by over 100,000 policemen?”

The chairman said that he had made it clear on several occasions that a special force be trained to serve as guards, because the use of policemen for that purpose had become a status symbol.

He said that the police required surgical operation for the nation to get what it deserved.

On his own part, the Deputy Senate Leader, Abdul Ningi, said that it was unacceptable that over 100,000 policemen were attached to a few individuals, leaving other Nigerians to their fate.

He admonished the commission to rise up to its responsibility of repositioning the force, as its function was constitutionally provided and must not be usurped by anybody.

Speaking further on the way forward for the Nigeria Police, Osayande noted that Nigerians had waited long enough to have a police force that would meet their aspirations, adding that even though government had commenced the reform of the police through the implementation of the government’s White Paper on the MD Yusufu Presidential Committee, not much of its impact had been seen.

On the factors militating against the force, the chairman named misuse, misapplication of available resources and lack of accountability through award of bogus contracts and outright diversion and misappropriation of the meagre resources.

Also, he attributed failure to plan and lack of vision as some of the problems confronting the force.

The chairman disclosed that corruption had assumed a great dimension and seemed to have been institutionalised, as some of the officers and men who engaged in the practice had been found to collude with and, sometimes, shield criminals, rather than prevent crimes.

Some policemen, according to him, had been found to facilitate the escape of criminals from lawful custody, obtain money from suspects for closure of case files or to derail the cause of justice, escort contraband, steal from suspects and accident victims and supply police weapons and uniforms to criminals.

Aguiyi,
I am sorry for your loss but they actually warned against operating third pary accounts. Don't border wasting your funds trying to fight this, as you are very unlikely to win.

http://www.figfx.com/knowledgebase.aspx

CAN I HAVE MULTIPLE ACCOUNTS?
Yes you can.
Please notice that all accounts must be registered with the exact same details and must as well be verified individually. Please notice that managing third party accounts is not allowed, any account being managed by a third party will be banned with no refunds.

CAN I OPEN AN ACCOUNT FOR MY FATHER/MOTHER/SISTER/ETC?
No.
Account management is strictly prohibited and will result in all involved accounts to be banned. No exceptions.

http://articles.latimes.com/2011/apr/03/business/la-fi-amateur-currency-trading-20110403

http://articles.latimes.com/2011/apr/03/business/la-fi-amateur-currency-trading-20110403

More and more Americans are dabbling in currency trading and losing in spectacular fashion. Experts say the structure of the currency market makes it hard for amateurs to beat the house.
April 03, 2011|By Nathaniel Popper, Los Angeles Times
Reporting from New York — Dorothy Ouma began trading foreign currencies after seeing a TV commercial touting it as a way to make extra money, something she could use as a single mother raising three children.
"The ads made me think, 'This is easy,'" said Ouma, 52, an administrator with the Grand Prairie, Texas, police department.
Ouma used her credit card to fund an account with an online currency broker. Within a few weeks of swapping dollars for yen and euros, she said, her $3,000 of borrowed money was gone."Even if you make money for a little while, eventually you just end up losing," she said.Ouma made two mistakes: investing on credit and trying to make a buck by predicting changes in currency exchange rates, something best left to professionals, according to personal finance experts. But she has plenty of company.
An estimated 615,000 Americans are dabbling in foreign currency trading, encouraged by advertising from the two biggest U.S. brokers, FXCM Inc. and Gain Capital Holdings Inc., both based in New York.Combined, FXCM and Gain have about 260,000 accounts, a third of them in the U.S.
These customers are losing money in spectacular fashion.At FXCM, 75% to 77% of customers lost money each quarter last year, according to newly required disclosures to the Commodity Futures Trading Commission. At Gain, which operates through http://www.forex.com, the number of unprofitable customers hovered between 72% and 79% every quarter last year, according to its filing.
Lots of leverage, lots of turnover
As if those statistics weren't scary enough, the rules of currency trading allow investors to leverage every dollar they bet on a 50-to-1 ratio. This allows them to bet money they don't have — a tactic that can boost profits but also losses.
The losses have triggered recent lawsuits and regulatory scrutiny — but haven't stopped the swift growth of the industry, which barely existed a decade ago. Gain and FXCM went public on the New York Stock Exchange last December.
Executives with both firms say that they simply provide a conduit for people who want to trade currency, and that customers are given full disclosure of the risk.
"The majority of people today are on a quarterly basis not doing well," Drew Niv, FXCM's chief executive, acknowledged in an interview. "There's lots of education showing, 'Here's how to do it right.' … Do most people heed the advice? No, of course not."
Trading experts, however, argue that the companies use aggressive advertising to lure inexperienced investors into an unusually opaque market.
"The business model for forex trading is to burn the customer and then find another one," said Larry Harris, a USC professor and the former chief economist at the Securities and Exchange Commission.
FXCM's own statistics show that its customer turnover is about four times higher than that of an ordinary retail stock broker. Gain does not release turnover statistics, but its securities filings show that most of its customers at the end of last year were different from the ones it started with, also suggesting high turnover.
'At the mercy of the dealer'
Experts say the unusual structure of the currency market makes it hard for amateurs to beat the house.
With stocks, brokerages typically send customer orders out to be executed at an independent exchange and charge a set commission for each trade, no matter whether the customer wins or loses.
That's not the case in foreign currency markets. Because there is no centralized currency exchange, the brokers must fill customer orders themselves. This enables them to make money in two ways.
The first is by buying a currency at one price and selling it at a higher price — netting the so-called spread between the two. Unlike the set commissions charged by stockbrokers, these spreads can be set at whatever level the currency broker chooses.
The second way the broker-dealers make money is by sitting on the opposite side of every customer trade, like a blackjack dealer sitting across from a gambler.
For instance, suppose a customer buys 10,000 euros at $1.45 each and sells them back to the broker at $1.50 apiece. That would net the customer a profit of $500 — and give the currency dealer a loss of $500.
More commonly, however, it's the customers who lose out on these transactions, despite required disclosure statements that warn investors: "Your dealer is your trading partner, which is a direct conflict of interest."
Gain ended up making an average of $2,913 from every active trader it had last year, even though the average customer account contained only $3,000, according to the company's financial data
FXCM made $2,641 for every active trader, while the average customer had $3,658.
When foreign currency trading got going in the 1970s it was accessible only to banks and institutions. As a result, regulators allowed banks to swap currencies among themselves rather than on the type of regulated exchange that was standard for stocks, futures and commodities.
In the 1990s, a few fly-by-night companies began trading currencies for amateur investors, without any regulatory oversight.
Online trading technology exploded, and in 2000 Congress put currency brokers under the CFTC's watch. But there is still no transparent exchange for currencies, so brokers also serve as dealers for their customers. The lack of an exchange, where data on prices and trades would be stored, also makes it harder for customers to determine whether they are getting a good price from their dealer.
"Once you have things that are done off exchange you are pretty much at the mercy of the dealer — telling you what the price is, telling you what you owe," said Michael Greenberger, a University of Maryland professor and former head of trading and markets at the CFTC. "Anybody I cared about — I'd say, 'Stay away from this.'"
An opaque market riddled with scams
The unusual structure of the market has made it a popular target for outright fraud. In a typical scam, clients are drawn in by advertisements promising big returns, but once the deposits are in, the company disappears.
CFTC Chairman Gary Gensler recently said it was the "largest area of retail fraud" his agency oversees.
Gensler's agency has tried to rein in the problems with a set of rules for currency trading that went into effect last October. These required the brokers to be more transparent but did not change the fundamental setup of the market.
The CFTC has delegated most of its regulatory responsibilities to the National Futures Assn., an agency established by Congress that is funded by the brokers themselves.
NFA spokesman Larry Dyekman said his group is trying to do more active supervision, but he said the NFA had a difficult job. "It's not as transparent" as other trading markets, he said.
Still, the NFA fined Gain $459,000 last October after issuing a complaint that detailed what it called abusive practices "that benefited Gain to the detriment of its customers."
The NFA complaint alleged that Gain set its trading program to allow certain trades when they went in Gain's favor, while not allowing the same trades when they went in the customer's favor, costing clients $169,502 during one three-month stretch in 2009.
The NFA also alleged that another Gain practice caused $425,000 in customer losses over three days.
Gain CEO Glenn Stevens said that the settings affected only a small portion of customer trades and that they "were since very quickly rectified and changed."
FXCM has tried to set itself apart from Gain and most other brokers by creating a system that it says removes the conflict of interest. FXCM is still always on the other side of every customer trade, but the company says that it takes trades only if it can immediately move them to outside banks so that FXCM does not stand to benefit from its customers' losses.
"Most people felt the market was less fair than the one for [stocks] — and that is a fair observation, historically, for sure," Niv said. "That is why we are trying to go public and differentiate from the pack."

FXCM has faced many of the same complaints as Gain, however, including in a lawsuit filed in federal court in New York in February by an Oklahoma man who claims to have lost more than $150,000.
FXCM operates "a platform predicated upon deceit and trickery that systematically looted the accounts of customers," and has used this to take "hundreds of millions of dollars from hundreds of thousands of unsuspecting customers," according to the suit, which seeks class-action status.
Niv said the suit is a form of "extortion" and "an utter fabrication."
Aside from concerns about fraud, market experts warn that the unusual rules of the foreign currency game make it an unsuitable investment strategy for anyone who cannot afford to lose money.
The leverage ratio of 50 to 1 was taken down by the CFTC from 100 to 1 a few years ago, but it is still 25 times as much leverage as retail stock traders are allowed to use, and many times more than what most professional currency traders employ.
"When things change, it's a sudden fall off the cliff," said Aswath Damodaran, a finance professor at New York University.
No limits on who can place a bet
Finally, while some types of risky investments, such as hedge funds, are restricted to so-called sophisticated investors, there are no limits on who can get involved in foreign currency trading.
FXCM allows customers to start trading with as little as $50, and its ads target novices — a recent banner on CNBC's website said, "Trading the Euro can be EASY! See how with a FREE PRACTICE ACCOUNT."
Both companies offer practice accounts designed to help customers learn how foreign currency trading works, but these practice accounts operate under simpler rules than the real accounts.
In another marketing effort, Gain and FXCM teamed up to sponsor a weekly show on CNBC about foreign exchange, which debuted Feb. 25. The show, "Money in Motion," hypes the wonders of currency trading. "Now, more than ever before, currencies are emerging as the everyday investor's weapon of choice in the battle to gain an edge," marketing material for the show said.
A CNBC spokesman pointed to the standard disclaimer that runs with the show and noted that the network has the most affluent and educated viewers of any cable network.
Ouma, the Texas woman who lost $3,000, began trading after seeing an ad during a local newscast. She said that when she was trading with FXCM, a number of problems cropped up whenever she was making any profit, resulting in sudden big losses.
"They always had tricks to take my money," Ouma said.
FXCM said it would not comment on individual customers. After The Times contacted the company, however, Ouma said FXCM called her and offered to refund her losses.
For some people, of course, the risk is part of the thrill.
Jeff Goodwin, a 23-year-old Internet entrepreneur in New Hampshire, said that after a few years of losing money in the market, he recently found a strategy that has been turning a steady profit. But the potential for big losses is what makes it fun.
"Is it gambling? Yeah," Goodwin said. "You easily get addicted."

http://articles.latimes.com/2011/apr/03/business/la-fi-amateur-currency-trading-20110403

Foreign currency trading is easy — an easy way to lose money
More and more Americans are dabbling in currency trading and losing in spectacular fashion. Experts say the structure of the currency market makes it hard for amateurs to beat the house.
April 03, 2011|By Nathaniel Popper, Los Angeles Times
Reporting from New York — Dorothy Ouma began trading foreign currencies after seeing a TV commercial touting it as a way to make extra money, something she could use as a single mother raising three children.

"The ads made me think, 'This is easy,'" said Ouma, 52, an administrator with the Grand Prairie, Texas, police department.


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Ouma used her credit card to fund an account with an online currency broker. Within a few weeks of swapping dollars for yen and euros, she said, her $3,000 of borrowed money was gone.

"Even if you make money for a little while, eventually you just end up losing," she said.

Ouma made two mistakes: investing on credit and trying to make a buck by predicting changes in currency exchange rates, something best left to professionals, according to personal finance experts. But she has plenty of company.

An estimated 615,000 Americans are dabbling in foreign currency trading, encouraged by advertising from the two biggest U.S. brokers, FXCM Inc. and Gain Capital Holdings Inc., both based in New York.

Combined, FXCM and Gain have about 260,000 accounts, a third of them in the U.S.

These customers are losing money in spectacular fashion.

At FXCM, 75% to 77% of customers lost money each quarter last year, according to newly required disclosures to the Commodity Futures Trading Commission. At Gain, which operates through http://www.forex.com, the number of unprofitable customers hovered between 72% and 79% every quarter last year, according to its filing.

Lots of leverage, lots of turnover

As if those statistics weren't scary enough, the rules of currency trading allow investors to leverage every dollar they bet on a 50-to-1 ratio. This allows them to bet money they don't have — a tactic that can boost profits but also losses.

The losses have triggered recent lawsuits and regulatory scrutiny — but haven't stopped the swift growth of the industry, which barely existed a decade ago. Gain and FXCM went public on the New York Stock Exchange last December.

Executives with both firms say that they simply provide a conduit for people who want to trade currency, and that customers are given full disclosure of the risk.

"The majority of people today are on a quarterly basis not doing well," Drew Niv, FXCM's chief executive, acknowledged in an interview. "There's lots of education showing, 'Here's how to do it right.' … Do most people heed the advice? No, of course not."

Trading experts, however, argue that the companies use aggressive advertising to lure inexperienced investors into an unusually opaque market.

"The business model for forex trading is to burn the customer and then find another one," said Larry Harris, a USC professor and the former chief economist at the Securities and Exchange Commission.

FXCM's own statistics show that its customer turnover is about four times higher than that of an ordinary retail stock broker. Gain does not release turnover statistics, but its securities filings show that most of its customers at the end of last year were different from the ones it started with, also suggesting high turnover.


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'At the mercy of the dealer'

Experts say the unusual structure of the currency market makes it hard for amateurs to beat the house.

With stocks, brokerages typically send customer orders out to be executed at an independent exchange and charge a set commission for each trade, no matter whether the customer wins or loses.

That's not the case in foreign currency markets. Because there is no centralized currency exchange, the brokers must fill customer orders themselves. This enables them to make money in two ways.

The first is by buying a currency at one price and selling it at a higher price — netting the so-called spread between the two. Unlike the set commissions charged by stockbrokers, these spreads can be set at whatever level the currency broker chooses.

The second way the broker-dealers make money is by sitting on the opposite side of every customer trade, like a blackjack dealer sitting across from a gambler.

For instance, suppose a customer buys 10,000 euros at $1.45 each and sells them back to the broker at $1.50 apiece. That would net the customer a profit of $500 — and give the currency dealer a loss of $500.

More commonly, however, it's the customers who lose out on these transactions, despite required disclosure statements that warn investors: "Your dealer is your trading partner, which is a direct conflict of interest."

Gain ended up making an average of $2,913 from every active trader it had last year, even though the average customer account contained only $3,000, according to the company's financial data.

FXCM made $2,641 for every active trader, while the average customer had $3,658.

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