Hearing of Spy Tapes Case Flops

Imagine a situation where President Yoweri Museveni caught an illness or something necessitated that he steps out of the county for about six months!

Who would take over from him? What exactly would he find on his return? The 1995 constitution answers in part, sildenafil how the Vice President would take the mantle and spells out responsibilities for the other various institutions down the hierarchy and all that. Article 109(4) is precise: “Whenever the president is for any reason unable to perform the function of the office, the Vice President shall perform those functions until the president is able to again perform those function.”

The constitution expects the VP to manage all national affairs including defence and in his absence, the Speaker of Parliament would take over. The question, however, that might not be answered with much precision is whether all these remaining institutions as stipulated in the constitution would in reality manage to stir the nation ahead in the absence of the President.

Severally, opposition politicians, high ranking academicians, political analysts, and members of civil society have lamented the manner in which the President has dismembered than strengthened majority of national institutions in all the three arms of government. “We can condemn as much as we can the previous dictatorial governments of Milton Obote and Idi Amin but they will forever be remembered for the way they strengthened their state institutions,” noted FDC’s John Kikonyogo. “A minister then was a minister. He was fully in charge, unlike what we have in the country today.” He added: “A minister in the 1970s could donate a lorry to a cooperative body.

But in 2014, even handing a pack of text books to a primary school or few bicycles to a youth group must all wait for the President.” The growing concern is that while Museveni has grown his cabinet size to 3rd biggest on earth, so has its powers and significance subsided.  Whilst Ministers have their roles well spelt out in the constitution, most of the institutions and agencies immediately under their dockets prefer reporting directly to the President.

And so it is nowadays not uncommon to find the President settling disputes of such low magnitude as taxi drivers’ fights, land wrangles, lecturers salaries, and market disputes. Critics also frown greatly when the president appears in the news commissioning what would pass as “petty projects” at sub-county and parish levels, which should clearly be the role of leaders at lower levels.

Mr Kikonyogo bets after six months, Museveni would still find all these errands waiting for him! However, like Baganda would say the flexibility of a chain, is what makes it strong. Otherwise, how else would you explain the uninterrupted 28 years?
WE READ about and talk to lots of great investors. These are the professionals who live and breathe the markets.

Their life is based around researching and chasing the best deals to make money.



These professionals come in all shapes and sizes and don’t necessarily walk around the CBD in a pinstripe suit. We have a few ordinary looking young blokes living down the street from us who have made day trading the share market their full-time job.

Of all the professional investors we’ve followed, approved these are the best tips we’ve gleaned.

* Make sure you’re investing at the best price as this makes the investment safer in the long run. It sounds pretty obvious, but we’re always surprised how many people invest without first researching the price track record of the asset they’re buying or the price of similar comparable alternatives.

* Is the investment for the long or the short term? The time horizon can determine the amount of risk that is acceptable or not. Short-term gains can be highly risky while good solid investments traditionally ride out short-term volatility and produce better long-term results if given time to work.

* Assess the management of a company before investing in it. While many investors simply look at the price track record of a particular share, the professionals will assess the executives of the company and their ability to maintain profits. Professionals understand that a company’s depth and expertise of talent determine whether it can withstand the downturns in the investment cycle.

* Understand debt levels. Excessive gearing can kill any investment. No matter whether it’s shares or property, understanding whether debt levels are manageable and can be easily serviced is critical. In the current environment of falling interest rates, it’s easy to be lured by the prospect of cheap credit. But when the economic environment turns, it can come back to bite you if debt levels aren’t under control.

* Chase investments that have a competitive edge. It may be a company with a great brand name or unique product. It could be a property in an exclusive area or with a unique design. Investments which corner a market or stand out from the pack are often more highly valued and have better long-term value sustainability.

* Set a strategy. Understand what you want your portfolio to achieve and then develop a strategy to meet the criteria whether it be income, growth, small companies, big caps or whatever.

* You need personal discipline. Have the discipline to stick with the strategy no matter what. This doesn’t mean there isn’t room to refine a portfolio but wholesale knee-jerk reactions to a change in conditions are definitely out.

* Research, research and research. The professionals work like trojans to find out everything there is to know about a company, its management, market, competitors and future before they invest.

* Take a considered approach. While investors may be passionate about a stock, they aren’t blinkered or wear rose-coloured glasses. Successful investors will admit mistakes, try to limit the financial damage and move on.

* Take profits. A professional investor will be happy to sell down some of their stake in a company to bank a profit. They never regret the decision if the share price keeps going up. They are happy with their profit and don’t begrudge the next investor making money.

* Look at what the senior executives and directors of a company are doing with their own personal money. If they’re buying more stock in their company, then they must see some potential. If they are selling, you may need to follow their lead.


* Warren Buffett, the US investment guru.

* George Soros, famous for cornering markets.

* Benjamin Graham, who wrote The Value Investor.

* Peter Lynch, whiz US fund manager.

* Kerr Neilsen, Aussie fund manager.

* Ian Huntley, canny and wise local.

THE debate over whether organic food is better for our health keeps raging on as the conclusion of four decades of studies seems far from clear.

The controversy was back in the news last month when a large-scale study by researchers from Stanford University found organic foods no more nutritious thAVan conventional products, troche though they did have fewer traces of pesticides.

Researchers, who reviewed 237 different studies, did not find organic meats were healthier either.

“When we began this project, we thought that there would likely be some findings that would support the superiority of organic over conventional food,” said Dr Dena Bravata of Stanford University, lead author of the study.

“We were definitely surprised it’s not the case.”

Researchers said they found conventional fruits and vegetables had more pesticide residues than their organic equivalents but that the trace pesticide levels were almost always within the range authorities allow.


In 2011, researchers at Britain’s Newcastle University reached different conclusions when they did a meta-analysis of combined data from the same 237 studies, which were done over the course of four decades.

Their research, which did not generate much attention, found non-genetically modified and pesticide-free fruits and vegetables had better nutritional value: among the standout findings, that they contain more vitamin C than conventional fruits and vegetables.

And so the lack of decisive conclusions to be drawn led to an interesting development.

The American Academy of Paediatrics on October 22 announced that no scientific study had been proven organic foods to be healthier. It recommended in a report that children eat a wide variety of fruits and vegetables – whether they are organic or not.

“In the long term, there is currently no direct evidence that consuming an organic diet leads to improved health or lower risk of disease,” it said.

It was a potentially important idea, as many parents would like their children and especially babies to eat organic fruits and vegetables, but their high cost can be prohibitive for most.

“We do not want families to choose to consume smaller amounts of more expensive organic foods and thus reduce their overall intake of healthy foods like produce,” Janet Silverstein of the American Academy of Paediatrics said last week.

“What’s most important is that children eat a healthy diet rich in fruits, vegetables, whole grains, and low-fat or fat-free dairy products, whether those are conventional or organic foods,” she said. “This type of diet has proven health benefits.”

The report nonetheless found the studies indicated lower presence of trace pesticides in organic foods, while organic beef had fewer antibiotic resistant bacteria.

David Haytowitz, a nutritionist at the US Department of Agriculture, stressed that comparing organic and conventional products was complicated.

“It is very difficult to make a comparison because there are so many variables affecting the nutrient content of a crop…the growing location, the controlled practices etc.,” he stressed.

So “unless you do a peer study where you plant a particular crop organic and conventional side by side and be sure there is no cross contamination,” the comparison really is not a simple one.

David Schardt, chief nutritionist at the Centre for Science in the Public Interest, however said that could be beside the point. In his view, Americans choose organic foods for a range of reasons.

“Most people who start eating organic food do so to avoid pesticide or other contaminants in the food,” Schardt said.

That makes sense to Christine Bushway, head of the Organic Trade Association.

“Even though the pesticide and contaminants in conventional food remain technically at safe levels it still make sense for those families with kids or with expecting mothers to avoid them and …choose organic,” he stressed.

“The (Stanford report) says organic food has 30 per cent less pesticide and that is what the consumers is concerned about,” she said.

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