political

An avid reader, I consistently engage myself in the areas of current affairs and understanding of international relations, whilst at the same time, am interested in the area of economics and understanding the roles of economic concerns in the political economy. You can follow The Heralding on Twitter, Facebook, Pinterest & Google+. Alternatively subscribe to our newsletter to be kept up to date with the latest articles on the Heralding.

“Mathematics is the queen of sciences and arithmetic the queen of mathematics” Carl Friedrich Gauss What exactly is mathematics? What is the core function of mathematics? Did mathematics precede philosophy and science? How do these concepts relate to each other? While we don’t exactly have all the answers, this article will attempt to elucidate some of the concepts. Just treat it as though we are thinking aloud – that helps a ton in intellectualizing ourselves to mathematical fulfillment, a process you may love to undergo if you have been suffering through the mathematics syllabus in your respective countries. How did it come about? Mathematics is mainly based on logic. In its earlier stages of formation, it was usually married with philosophy, as the ancient Greeks used mathematics on top of philosophy to explain the scientific phenomena around us. Using draw the often quoted dichotomies (they are not really as polarized as they are; ...

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It was supposed to be a close game. Even without the captain Thiago Silva and the talismanic Neymar, the game was expected to be tight. On paper, Brazil still had most of their experienced players, with the likes of Fernandinho, Dante, Marcelo regulars at the top European Clubs like Bayern Munich and Real Madrid. Yet, the floodgates just opened the minute from kickoff. In what was an incredible first-half six minutes, several dangerous breakthroughs down the right flank for the Germans had exposed Marcelo the Brazilian left back terribly, culminating in a gult of goals. Thomas Muller had opened the scoring with his 10th World Cup strike after Germany cleverly blocked David Luiz in the box to allow the forward space for a simple finish. This was immediately followed by Miroslav Klose’s goal, becoming the first player to score 16 goals at the World Cup in front of the watching Ronaldo. On ...

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On ETFs: Understanding what it is about As part of our financial weekly column I shall be collating a series of articles and facts that I have gleamed through the internet about, and crystallize the content in posts like this. Today, our first post will be on ETFs. What Are ETFs? In the simplest terms, Exchange Traded Funds (ETFs) are funds that track indexes like the NASDAQ-100 Index, S&P 500, Dow Jones, etc. When you buy shares of an ETF, you are buying shares of a portfolio that tracks the yield and return of its native index. The main difference between ETFs and other types of index funds is that ETFs don't try to outperform their corresponding index, but simply replicate its performance. They don't try to beat the market, they try to be the market. ETFs have been around since the early 1980s, but they've come into their own within the past 10 ...

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I. Introduction One way of viewing the history of Western philosophy is as a gradual separating out of questions that are essentially empirical in nature from those that aren’t; the former constitutes today’s science, the latter what we currently think of as philosophy. While trust in the explanatory power of science has grown, philosophy has come to be seen as increasingly unreliable in what it can tell us about the world. This, however, is to miscast philosophy based on a scientific model. Indeed, once a philosophical question becomes addressable by a scientific method of falsification, it has moved over into the domain of science. Philosophy as a field is largely made up of questions that have yet to, or never will, move over to the scientific domain. As such, it’s philosophy’s task to ask questions that current science isn’t prepared to ask, much less test, though it’s even more than this. The claim ...

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As defined by Stockopedia, value investing is extremely simple in theory, but tougher in practice.  If you compare the price of a stock with a confident valuation of its true worth (intrinsic value) and find you can buy it at a considerable discount (margin of safety) then you may be onto a winner. But value investing is much harder than it looks for two reasons, firstly the real intrinsic value of a company can be tricky to calculate but also the practice of buying beaten down stocks also runs contrary to almost all human instincts. Who wants to be the guy holding the bombed out engineering stocks when everyone else is buying Apple?  But it’s precisely these tendencies that lead to so many investors over-reacting, driving prices down so low that value stocks become so profitable in future. The main reason behind their trendiness today is thus an extension of what it is able to ...

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Cooperation is an interesting field that is extensive and diverse, contingent on a multitude of factors and very easily affected by the constructions of institutions. In my short review, we will attempt to explain why people vary in selfishness, as well as examine the motivations behind certain types of behavior, and if it changes in different levels of evolution in the human lifetime. Unfortunately, it is a tall ask to explain how exactly does virtue arise with the creation of social order, and how it subsequently shapes our cooperative levels, a topic we shall thus leave for another day. Why do people vary in selfishness? Firstly, altruistic behavior can be explained as one such motivation. Altruistic behavior can be defined as behavior that benefits another organism, not closely related, while being apparently detrimental to the organism performing the behavior, benefit and detriment being defined in terms of contribution to inclusive fitness. One ...

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America, a melting pot of cultures, hubbard of ideas, symbol of liberty, is still very much the place that most immigrants hope to go to in hope for a better life.Yet, as the demographics of the country shift again, America finds herself not only on the verge of an economic overhaul, but also very much a demographic overhaul. Paul Taylor’s newest book, The Next America, is a well informed book packed with years of data compiled by the partnering Pew Research Data. As already mentioned in the preface of the book, Taylor acknowledges that The Next America is a book that is backed up by a fact tank in the Pew Research Center, with the faith that the common foundation of facts can help societies identify problems and discover solutions. With Obama’s ‘surprise’ reelection victory, Taylor draws us to the ideological differences between the older generations and the millennials. As he aptly ...

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So, the season of the world cup has begun yet again. The 32-nation tournament will cost Brazil 25.8 billion reais (6.92 billion pounds) in investments in stadiums, airports, urban transport and other infrastructure improvements. One third has been spent on new or renovated stadiums in 12 host cities. Why the investment? So, the season of the world cup has begun yet again. The 32-nation tournament will cost Brazil 25.8 billion reais (6.92 billion pounds) in investments in stadiums, airports, urban transport and other infrastructure improvements. One third has been spent on new or renovated stadiums in 12 host cities. The ideas behind Brazil’s choices are tagged to long term economic gains. For instance, the FIFA said it was Brazil's choice to build 12 stadiums instead of opting for eight or 10, and investments include infrastructure not directly linked to the World Cup that will benefit the country for years to come. Whilst the immediate gains from the ...

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On Index Funds As part of our financial weekly column I shall be collating a series of articles and facts that I have gleamed through the internet about, and crystallize the content in posts like this. Today, our first post will be on Index Funds. What is an index fund? An "index fund", as described clearly on the US Security Exchange website , describes a type of mutual fund or unit investment trust (UIT) whose investment objective typically is to achieve approximately the same return as a particular market index, such as the S&P 500 Composite Stock Price Index, the Russell 2000 Index or the Wilshire 5000 Total Market Index. An index fund will attempt to achieve its investment objective primarily by investing in the securities (stocks or bonds) of companies that are included in a selected index. Some index funds may also use derivatives (such as options or futures) to help achieve ...

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