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Monthly News November 2013

Washington - While it is widely believed that money can not buy love, a new study has suggested that it can buy you happiness but only up to a ‘sweet spot’ of 36,000 dollars GDP per person. A new analysis led by economists Eugenio Proto in the Centre for Competitive Advantage in the Global Economy at the University of Warwick and Aldo Rustichini, from University of MInnesota found that as expected, for the poorest countries life satisfaction rises as a country’s wealth increases as people are able to meet their basic needs. However, the new surprise finding is that once income reaches a certain level – around 36,000 dollars, adjusted for Purchasing Power Parity (PPP) - life satisfaction levels peaks, after which it appears to dip slightly in the very rich countries. The researchers found suggestive evidence that this happiness dip in the wealthiest countries is because more money creates higher aspirations, leading to disappointment and a drop in life satisfaction if those aspirations are not met. The study was published in journal PLOS ONE.
Money does buy happiness but only up to ...

Money does buy happiness but only up to $36K

Washington – While it is widely believed that money can not buy love, a new study has suggested that it can buy you happiness but only up to a ‘sweet spot’ of 36,000 dollars GDP per person. A new analysis led by economists Eugenio Proto in the Centre for Competitive Advantage in the... read more »

Fruit flies may harbour dementia cure
Fruit flies may harbour dementia cure

Fruit flies may harbour dementia cure

Washington – Researchers have taken a significant step forward in unraveling the mechanisms of Pavlovian conditioning and understanding this will help understand how memories form and, ultimately, provide better treatments to improve memory in all ages. “Memory is essential to our daily... read more »

Oz sticks to stand on China’s disputed air defence zone despite Beijing criticism
Oz sticks to stand on China’s disputed a...

Oz sticks to stand on China’s disputed air defence zone despite Beijing cri...

Sydney – Australia has stood by its criticism of China’s decision to impose an air-defence zone in the East China Sea without consultation, despite Beijing’s rebuke. Foreign Minister Julie Bishop said that it is an Australian policy to oppose any unilateral action by any country that... read more »

American Airlines, US Airways merger might be finalized by December 9
American Airlines, US Airways merger mig...

American Airlines, US Airways merger might be finalized by December 9

Sydney – A United States federal bankruptcy judge has approved the settlement in the government’s antitrust lawsuit against American Airlines and US Airways, which might see their merger getting finalized by December 9. Judge Sean Lane ruled in New York that the settlement didn’t... read more »

Pak's new army chief Gen Raheel has no presence on Facebook, Twitter

Gen Sharif shifted army from India-centric position: Daily

Islamabad – Pakistan’s new army chief General Raheel Sharif is credited with “shifting the army away from its India-centric position”, said a daily here Friday. An... read more »

Relief for Andhra as cyclone weakens

Relief for Andhra as cyclone weakens

Hyderabad – Cyclonic storm Lehar in the Bay of Bengal has weakened and is likely to weaken further before crossing Andhra Pradesh coast Thursday afternoon, India Meteorological... read more »

Tehelka assault case: Reports suggest arrest of Tejpal on arrival in Goa

Tehelka assault case: Reports suggest arrest of Tejpal on arrival in Goa

Panaji – Tehelka editor Tarun Tejpal is reported to be on his way to Goa, but is not responding to calls or messages of police in the state to appear before them by 3 p.m. today. Goa... read more »

Thai PM Yingluck Shinawatra survives no-confidence vote,protests continue

Thai PM Yingluck Shinawatra survives no-confidence vote,protests continue

Thailand’s embattled Prime Minister has easily survived a no-confidence vote in parliament. Lawmakers in Bangkok voted 297 to 134 Thursday against unseating Yingluck Shinawatra, who faces... read more »

Campaigning intensifies in poll-bound Rajasthan

Campaigning intensifies in poll-bound Rajasthan

Jaipur – All political parties contesting in the Rajasthan election have intensified their efforts in the last leg of campaigning in the state. Polling for 199 seats will be held on December... read more »