Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Monday, August 31, 2009

Sugar price double and worldwide shortage

Sugar shortage sours Pakistani Ramadan as price doubled


The price of sugar have doubled there is a worldwide shortage , Pakistan is facing a severe sugar shortage following failed crops.

Prices have doubled since the beginning of this year. This is souring the mood of the public during the festive season of Ramadan, when sweets are consumed in high quantities.

Al Jazeera's Anita McNaught reports from the capital, Islamabad, where many blame the price spike on political games played by industry leaders.

Reports say more than 50 per cent of the country's sugar mills are owned by political leaders or their families.
Category: News & Politics
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al jazeera anita mcnaught pakistan sugar ramadan
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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