I ONCE overheard someone
lament that “the rich get richer and the poor get poorer”, which made me
think if indeed that statement is true.
The rich do get richer
only because they have sound financial concepts required to stay rich.
They focus on their net worth, working on their appreciating rather than
depreciating assets.
They know how much is required to keep
their lifestyle. They don’t necessarily need to be debt-free because
they know what good leveraging can do to enhance their wealth. They
employ financial strategies which are contrarian to common ones - taking
on investment opportunities when others would stay away and having the
purpose driven portfolios.
They consciously inject capital into
their portfolios rather than on an ad hoc or timing basis. They know the
impact of inflation on their money and insurance coverage because they
review their financial life regularly. Their financial data is
maintained and accessible anytime they want.
The poor do get
poorer only because they continue to adopt a poverty mind-set. They
focus on their expenses too much either being overly frugal or overly
spendthrift.
Frugality means overprotective of your money which
prevents risk-taking while overspending means financial leakages and
unnecessary bad debts.
Their financial life has no planning and
they have never taken a conscious effort to straighten it out. Their
finances are all lumped into a “pot” which is meant to be used for
everything.
They do invest but usually due to either lack of
knowledge or fear of losing their capital, the amount is too small to be
financially significant. Their insurance coverage depletes as medical
costs rise, unsure what and for how much they are insured for.
It really doesn’t have to be this way. There is a way to change your
financial situation. The first step is to decide to be financially
responsible yourself. Acquire the right financial knowledge and make
that change. Find a financial buddy to help you get started.
- Financial Snacks by Joyce Chuah, CEO of Success Concepts Life Planners
So you need more money ...
The problem always starts when you owe more than what you can earn, financial experts say.
When it comes to money, Adrienne Wong (not her real name) believes she is a reasonable spender.
An assistant communications manager, Wong, 31, earns about RM8,000 a
month, but says her debts take up a sizeable chunk of her monthly
income.
The two biggest items in her list, her housing and car loans, amount to about RM3,000.Sowing the seeds to Success:
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Tuesday, 16 July 2013
Malaysia must produce better school teachers
THE recent announcement by the Education Ministry (MOE) that trained teachers from the Teaching Training Institute (IPG) are not guaranteed postings after completion of their courses has caused some stir among Malaysians, especially among aspiring teachers and their parents.
Some welcome the move, while others have expressed some dissatisfaction.
Since the beginning, all teachers trained by the MOE were sent to schools as soon as they completed their courses.
But things are changing now and even those who complete their courses successfully would not be assured of jobs.
As the Second Education Minister, Datuk Seri Idris Jusoh has pointed out only the competent and excellent trainee teachers will be given jobs.
The MOE has also been thinking of ways to improve the quality of teachers.
The MOE said that SPM holders applying for IPGs should have at least 7As to qualify for the institutes. This is a welcome move as aspiring teachers should have academic excellence to become a teacher.
As an educationist involved in the training of teachers for more than 20 years, I support this move. But at the same time, other elements should also be given due consideration in the selection of teachers.
Topping the list is a passion for the teaching profession.
I have noticed that the current batches of teacher trainees lack this desire.
This passion was a dominant feature among teachers of yesteryears. Till today, all us who were taught by this superb brand of teachers remember them vividly for their dedication and commitment.
Do we have these kind of teachers today?
I do not deny there are some with these characteristics. But what about the rest of the teachers.
In our pursuit for academic excellence, we may sometimes overlook elements like passion, dedication, hard work and a love for the job. Academic excellence alone may not bring the desired results.
Sometimes a candidate may not have a string of As, but has the passion for teaching and children. This kind of candidate would be a better teacher, than the one with excellent academic results.
Today a lot of students apply to become teachers as this career is a more rewarding in terms of salary and promotions.
Recently, the Government rewarded teachers handsomely by giving them a payrise and promotions.
Another crucial point that needs to be addressed is the selection of teachers. Teacher selection should be done on the basis of merit and the above mentioned characteristics.
Let our teachers have good credentials, passion and dedication and let them be responsible for bringing our standard of education to a higher level of excellence. This is the aspiration and expectation of every parent.
DR S. NATHESAN Muar, Johor
Monday, 15 July 2013
The mind-set: how the rich get richer, the poor get poorer? You need more money ...
The rich may get richer while the poor may get poorer, but it doesn't have to be that way. It requires a change of mind-set.
“My credit card bills usually come up to another RM1,000 plus, so that’s more than half of my salary gone. With utility bills, that’s another RM600. The rest goes into savings, pocket money for my parents and a bit of shopping.
“With property and car prices as high as they are now, it’s no wonder our loan amounts are so big. But what choice do we have?” Wong asks.
Indeed, the rising rate of household debts is a pressing concern – as of March, this year, the Malaysian household debt ratio against the GDP reached an all-time high of 83%.
Last week, Bank Negara Malaysia (BNM) announced a three-prong approach to curb the rising trend of household debts:
> Maximum tenure of property financing is now fixed at 35 years;
> Maximum tenure of personal loans is fixed at 10 years;
> Prohibition on the offering of pre-approved personal financing products.
BNM Governor Tan Sri Dr Zeti Akhtar Aziz had said that Malaysia currently has the highest household debt to GDP for a developing country in the region. In comparison, Thailand’s household debt ratio stands at 30%, Indonesia at 15.8%, Hong Kong at 58%, Taiwan at 82%, Japan at 75% and Singapore at 67%.
Countries that have higher household debt to GDP are the United States at 91.7%, United Kingdom at 114%, Australia at 113%, New Zealand at 91%, and South Korea at 91%.
RAM Holdings Bhd group chief economist Dr Yeah Kim Leng says BNM’s move is a “prudent one”.
“A financial crisis can always be traced back to excessive borrowing or leveraging, and the problem is that we never know we are in a credit bubble until that bubble bursts.
“The higher this figure is, the more vulnerable the household sector will be to economic shocks, which can come in the form of an economic downturn,” he says.
The concern, he says, is when people owe more than what they can earn, which is not sustainable.
According to BNM figures, the three biggest contributors to Malaysian household debt are the housing, car and personal loans (refer to chart).
Personal loans can be used for a variety of reasons.
Teacher Siti Norsharmi Fateh Mohamad, 28, says she took a RM35,000 personal loan three years ago to fund her wedding.
“We wanted our wedding to be special, with everything done up nicely. It didn’t feel like much then, but now that we have more commitments (a daughter and a housing loan), it’s definitely an additional burden for us.
“On hindsight, we shouldn’t have taken the personal loan ... it wasn’t a necessity,” she says.
But personal loans are popular lately and there’s a reason for it.
“Banks aggressively push personal loans because it’s one of the most profitable products for them. Interest rates for personal loans can be anywhere from 3% to 12%,” says a former local bank manager who declined to be named.
Spending trends have also changed, says Dr Yeah.
“Previously, people only spend what they can afford, but practices have changed. Today, many people don’t mind spending money they don’t have.
“Taking a personal loan is not necessarily a bad thing, but it depends on why you’re doing it. Taking a personal loan for education, for example, is fine, because you’re improving your skills ... or for medical purposes to enhance one’s health. But to take a loan for conspicuous consumption, or to make speculative ‘investments’... I think that should be discouraged,” he says.
Credit Counselling and Debt Management Agency (AKPK) chief executive officer Koid Swee Lian agrees.
“It is quite common now for people to take personal loans prior to a festivity because they want to buy new furniture, change their curtains, do a bit of renovation.
“Consumers must be discerning and responsible in their borrowings, just as credit providers must be responsible in their lending. Earn before you spend, not spend then earn! Use the debit card and not the credit card if you cannot pay in full each month,” she says.
Before taking a loan, Koid says consumers should ask themselves:
> Do you really need the personal loan?
> Is it for a productive purpose or can you forgo it?
> Can you afford to pay the loan instalments? If the interest rate increases, can you still pay the increased loan instalments?
> If the loan is for a productive purpose, would you generate enough income to repay the loan and leave some income for yourself?
If taking up a personal loan is absolutely necessary, Koid advises potential borrowers to do their homework and compare the different bank rates.
“Go to bankinginfo.com.my where you can make a comparison of all the rates. Don’t take a loan just because it’s offered. Also, understand what you’re signing up for. Find out whether the bank is charging you a flat rate, a reducing rate or a floating rate,” she says.
Koid gives an example of a loan with these terms – a RM10,000 loan to be paid over five years at 4% interest rate per annum.
“A flat rate of 4% for a five years may not sound like a lot, but what it actually means is that you’re essentially paying 20% interest for the five-year loan. The amount of interest you pay doesn’t change regardless of how much you’ve repaid,” she says.
“Compare this to a reducing rate. If you’ve paid RM1,000, that means the interest should only be on the remaining RM9,000.”
Those who have trouble managing their cashflow can also seek help at AKPK or call its toll-free line at 1800-88-2575.
“People who have a debt problem often feel very embarrassed, but I think they need to be realistic. You’re in that situation, you have to solve it. Come to us, we will do our best to help you,” Koid says.
“My credit card bills usually come up to another RM1,000 plus, so that’s more than half of my salary gone. With utility bills, that’s another RM600. The rest goes into savings, pocket money for my parents and a bit of shopping.
“With property and car prices as high as they are now, it’s no wonder our loan amounts are so big. But what choice do we have?” Wong asks.
Indeed, the rising rate of household debts is a pressing concern – as of March, this year, the Malaysian household debt ratio against the GDP reached an all-time high of 83%.
Last week, Bank Negara Malaysia (BNM) announced a three-prong approach to curb the rising trend of household debts:
> Maximum tenure of property financing is now fixed at 35 years;
> Maximum tenure of personal loans is fixed at 10 years;
> Prohibition on the offering of pre-approved personal financing products.
BNM Governor Tan Sri Dr Zeti Akhtar Aziz had said that Malaysia currently has the highest household debt to GDP for a developing country in the region. In comparison, Thailand’s household debt ratio stands at 30%, Indonesia at 15.8%, Hong Kong at 58%, Taiwan at 82%, Japan at 75% and Singapore at 67%.
Countries that have higher household debt to GDP are the United States at 91.7%, United Kingdom at 114%, Australia at 113%, New Zealand at 91%, and South Korea at 91%.
RAM Holdings Bhd group chief economist Dr Yeah Kim Leng says BNM’s move is a “prudent one”.
“A financial crisis can always be traced back to excessive borrowing or leveraging, and the problem is that we never know we are in a credit bubble until that bubble bursts.
“The higher this figure is, the more vulnerable the household sector will be to economic shocks, which can come in the form of an economic downturn,” he says.
The concern, he says, is when people owe more than what they can earn, which is not sustainable.
According to BNM figures, the three biggest contributors to Malaysian household debt are the housing, car and personal loans (refer to chart).
Personal loans can be used for a variety of reasons.
Teacher Siti Norsharmi Fateh Mohamad, 28, says she took a RM35,000 personal loan three years ago to fund her wedding.
“We wanted our wedding to be special, with everything done up nicely. It didn’t feel like much then, but now that we have more commitments (a daughter and a housing loan), it’s definitely an additional burden for us.
“On hindsight, we shouldn’t have taken the personal loan ... it wasn’t a necessity,” she says.
But personal loans are popular lately and there’s a reason for it.
“Banks aggressively push personal loans because it’s one of the most profitable products for them. Interest rates for personal loans can be anywhere from 3% to 12%,” says a former local bank manager who declined to be named.
Spending trends have also changed, says Dr Yeah.
“Previously, people only spend what they can afford, but practices have changed. Today, many people don’t mind spending money they don’t have.
“Taking a personal loan is not necessarily a bad thing, but it depends on why you’re doing it. Taking a personal loan for education, for example, is fine, because you’re improving your skills ... or for medical purposes to enhance one’s health. But to take a loan for conspicuous consumption, or to make speculative ‘investments’... I think that should be discouraged,” he says.
Credit Counselling and Debt Management Agency (AKPK) chief executive officer Koid Swee Lian agrees.
“It is quite common now for people to take personal loans prior to a festivity because they want to buy new furniture, change their curtains, do a bit of renovation.
“Consumers must be discerning and responsible in their borrowings, just as credit providers must be responsible in their lending. Earn before you spend, not spend then earn! Use the debit card and not the credit card if you cannot pay in full each month,” she says.
Before taking a loan, Koid says consumers should ask themselves:
> Do you really need the personal loan?
> Is it for a productive purpose or can you forgo it?
> Can you afford to pay the loan instalments? If the interest rate increases, can you still pay the increased loan instalments?
> If the loan is for a productive purpose, would you generate enough income to repay the loan and leave some income for yourself?
If taking up a personal loan is absolutely necessary, Koid advises potential borrowers to do their homework and compare the different bank rates.
“Go to bankinginfo.com.my where you can make a comparison of all the rates. Don’t take a loan just because it’s offered. Also, understand what you’re signing up for. Find out whether the bank is charging you a flat rate, a reducing rate or a floating rate,” she says.
Koid gives an example of a loan with these terms – a RM10,000 loan to be paid over five years at 4% interest rate per annum.
“A flat rate of 4% for a five years may not sound like a lot, but what it actually means is that you’re essentially paying 20% interest for the five-year loan. The amount of interest you pay doesn’t change regardless of how much you’ve repaid,” she says.
“Compare this to a reducing rate. If you’ve paid RM1,000, that means the interest should only be on the remaining RM9,000.”
Those who have trouble managing their cashflow can also seek help at AKPK or call its toll-free line at 1800-88-2575.
“People who have a debt problem often feel very embarrassed, but I think they need to be realistic. You’re in that situation, you have to solve it. Come to us, we will do our best to help you,” Koid says.
BY LISA GOH lisagoh@thestar.com.my
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Sunday, 14 July 2013
Play safe on the mobile, secure your devices!
All a sinister person needs to do to spy on you is to simply penetrate your smartphone or tablet.
OF late, spying has been a household word after revelations of Prism, a clandestine mass electronic surveillance programme operated by the United States National Security Agency (NSA), by former NSA contractor Edward Snowden.
But one does not need an entire state programme to spy on someone.
All that a sinister person needs to do is to penetrate their intended victim’s smartphone or tablet. Which is quite an easy thing to do, actually. One of the common methods used is spyware.
Such spyware can easily be found by searching on Google although they are usually not free.
This is what happened when a husband in Singapore suspected his wife of having an affair. On the pretence that his phone was not working, he borrowed his wife’s phone to make a call but instead installed a spyware app.
The husband was then able to see the calls made (but not hear the actual conversation), messages sent and her location at that point, from a computer using a Web-based application that communicated with the app.
When the information confirmed that she was having an affair, he continued to monitor her phone for some time before posting the information online, including the messages she sent to her “lover”. He did not reveal any personal details about themselves but this is how the news became public.
However, many have questioned the authenticity of the story, with some brushing it off as a publicity stunt to sell the spyware app.
Nevertheless, it pays to be safe, as there are apps that can do such things and they are easily obtainable from the Web.
“Mobile phones are an integral part of consumers’ lives, with two thirds of adults worldwide reporting that they use a mobile device to access the Internet,” says David Hall, senior manager of regional product marketing for Norton at Symantec Corporation.
“As we use our mobile phones in new and innovative ways, we’re also putting sensitive information at risk.”
“Spyware is a type of malware (malicious software) that logs information and then forwards that information from your device,” explains Rob Forsyth, director for Asia Pacific at Sophos Ltd.
Usually, such spyware is capable of operating quietly in the background so it can easily go unnoticed by an unsuspecting device owner.
“For a regular user, it is very difficult to figure out that they’ve been infected,” says Goh Su Gim, security advisor for Asia Pacific at F-Secure (M) Sdn Bhd. “There’s no obvious signs.”
In fact, it may surprise you to know that such threats could actually come from a source that’s known to you.
“There is a possibility that consumers might download spyware from an identified party such as their spouse, friends, colleagues, business associates or from an unknown source accidentally,” says Goh Chee Hoh, managing director for South-East Asia at Trend Micro Inc.
As an example, he describes a mobile phone monitoring service which uses Nickispy, a family of viruses that attacks Android devices). It is said to be capable of monitoring a mobile user’s activities and whereabouts. The Chinese website which offers this service charges subscribers fees costing US$300 to US$540 (RM900 to RM1,620).
“This spyware sends MMS to the victim’s mobile device. Once the MMS is downloaded, the cybercriminal is granted access to your line of communications,” Chee Hoh says.
This security issue is further compounded in cases where a consumer uses the same device for both work and personal purposes.
“From a personal user’s standpoint, one can experience loss of privacy whereas from a business perspective, an organisation may lose sensitive data which can lead to loss of revenue,” he explains.
Had such an act been committed in Malaysia, it would go against Section 231 of the Communications and Multimedia Act 1998. Using an app to obtain information from another person’s phone can land the offender a RM50,000 fine or a prison term not exceeding two years if convicted.
The Malaysian Communications and Multimedia commission (MCMC), our multimedia industry nurturer and regulator, also said that it does not act alone when pursuing offenders.
“We look at each case individually and help other agencies like the police, for example, when upholding the law,” said Sheikh Raffie Abd Rahman, MCMC head of strategic communications.
By SUSANNA KHOO and ZAM KARIM
bytz@thestar.com.my, The Star/Asia News Network
bytz@thestar.com.my, The Star/Asia News Network
Simple safeguards to keep your devices secure
While the mobile security and privacy threats remain very real and imminent, the steps to prevent such problems are really quite straightforward and easy to do.
Following are some practical tips, courtesy of security specialists Symantec Corporation, Sophos Ltd, Trend Micro Inc and F-Secure (M) Sdn Bhd, that you should take note of:
1. Use your device’s built-in security features
Configure your security settings so that functions such as location sharing are disabled and passwords are not saved but need to be manually keyed in each time.
You can also make your device more secure by activating its lock function and requiring an identification action such as a fingerprint scan, keystroke pattern, numeric PIN or alphanumeric password in order to access the device.
2. Use strong passwords and secure Internet connections
Unique and strong passwords will help prevent valuable information from being stolen from your device. Using a different password for each and every app would be best but you would need to ensure that you have a good way of remembering those passwords if you choose to go this route.
Avoiding open and unsecured Internet connections such as free public WiFi will also reduce risk of online threats on your mobile device.
3. Never jailbreak or root your device
Use your device as recommended by the manufacturer instead of modifying the version of the iOS or Android operating system that has been installed. This is usually done to install pirated games and apps for free but this makes it easier for spyware to operate on your device.
4. Be cautious when choosing and installing apps
It’s a vast universe out there in the World Wide Web and, at times, it’s hard to tell the good guys from the bad ones. It therefore pays to be extra careful when downloading apps from the Internet. If something is too good to be true, it probably is. Do background checks on developers if you need to be sure, and scrutinise an app’s ratings and reviews as well.
It’s also a better idea to download apps directly from the Google Play Store for Android devices rather than from third party websites since downloads from some of these sources may contain malware.
Do have a close look at the Terms and Conditions as well as permissions requested by an app prior to installing it, as you don’t want to unknowingly allow developers to track and collect personal data which is unnecessary for running the app.
5. Scrutinise notifications and services running on your device
Stay alert whenever you receive any notification on your device. Some may contain malicious links or cleverly trick you into submitting personal information to cybercriminals.
Also, pay special attention to services running in the background on your device that seem unfamiliar or strange. You will have to refer to online guides on how to check, as it differs among devices.
The principle of “when in doubt, throw it out” could help save you a great deal of trouble later on.
6. Log out immediately
This is especially crucial for social media apps where the chances of your data being misused are higher. Make it a habit to log out of such apps and re-enter login information each time you use them.
7. Stay up-to-date
Take time to pick out a preferred mobile security software and install it on your device. Make sure to constantly update it, and don’t forget to check for updates for all your apps and to install any available patches for your device’s operating system as well. Set up routine scans for your device, and review the logs each time a scan is concluded.
By Susanna Khoo
bytz@thestar.com.my ,The Star/Asia News Network
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Saturday, 13 July 2013
Let children be children
Parents have to be more cautious and keep a close eye on their kids to protect them from negative influences.
China's Lenovo overtakes HP as world No 1 PC maker
In the Asia/Pacific (excluding Japan) region overall PC shipments in the region fell slightly below forecast due to China. Weak sell-in to China during April and May constrained shipments. Although June shipments in China improved, expectations for the third quarter are being lowered to reflect remaining inventory as well as economic pressures.
Gartner Inc. said Wednesday that the PC industry is now experiencing the longest decline in its history, as shipments dropped for the fifth consecutive quarter. Computer makers shipped 76 million PCs in the April-June period, down from 85 million in the same three months of 2012, according to Gartner.
International Data Corp., which uses slightly different methodology, essentially came to the same conclusion, though it noted that the decline was slightly smaller than expected.
“With second quarter growth so close to forecast, we are still looking for some improvement in growth during the second half of the year,” said Jay Chou, senior analyst at IDC, in a statement. “Slower growth in Europe and China reflect the risks, while the improved U.S. outlook reflects potential improvement.”
Gartner’s Mikako Kitagawa said inexpensive tablets are displacing low-end computers in “mature” markets such as the United States. In emerging markets like China, meanwhile “inexpensive tablets have become the first computing device for many people, who at best are deferring the purchase of a PC. This is also accounting for the collapse of the mini notebook market,” she added.
IDC said the numbers “reflect a market that is still struggling with the transition to touch-based systems running Windows 8.” Microsoft Corp.’s latest operating system launched in October and sales have disappointed analysts. But Kitagawa said that while “Windows 8 has been blamed by some as the reason for the PC market’s decline, we believe this is unfounded as it does not explain the sustained decline in PC shipments.” - CBS, AP, AFP
Related post:
Tianhe-2, Chinese supercomputer named as world's fastest
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Friday, 12 July 2013
Son, mum in bloodshed by wife, her daughter-in-law !
KLANG: An old woman and her son ended up with head wounds so bad they needed to be stitched up. Both alleged that they were attacked by the son’s wife with a metal spatula.
And the fight was over joss paper.
It all started when Lim Kae Poy, 67, went to her 31-year-old daughter-in-law’s condominium in Bandar Baru Klang on Saturday, to collect schoolbooks belonging to her grandson.
“As soon as I entered, she accused me of stealing joss paper from the living room and threw a metal can at me but I dodged it,” she told reporters yesterday.
“She then hit me on the head with a metal spatula.”
Lim managed to get away and fled to the Bandar Baru police station to lodge a report, but the policemen took her to the Tengku Ampuan Rahimah Hospital because she was bleeding profusely. She needed five stitches on her head.
Her son, Liew Pang @ Low Pang, 37, who had earlier tried to break up the fight, was also allegedly whacked on the head by his wife.
Liew later sought treatment at a clinic. He too needed five stitches to close his head wound.
He told reporters that when he went to lodge a police report the following day at the Sungai Kapar police station, he was instead detained for four days.
The police told him his wife had reported earlier that he had beaten her up.
North Klang OCPD Asst Comm Shukor Sulong confirmed that police reports have been lodged by all three.
By TEH ENG HOCK
newsdesk@thestar.com.my/Asia News Network
Thursday, 11 July 2013
Care for a study pill?
Use of ADHD drugs as study aid by students raises concerns.
Like steroids?: Standard drugs for treating attention deficit/hyperactivity disorder are being used by some US sudents to help them stay awake as they cram for exams.
A UNIVERSITY of Kansas freshman took a break from shooting hoops with friends outside his dormitory to talk about what some students call “study pills”.
As final exams approached last semester, he took a few doses of a prescribed stimulant. “But all they did was make me feel nervous,” said the chemical engineering major. “I’m off of it now.”
He still has a vial of leftover pills he used for his attention issues in high school. And that’s why he asked that his name not appear in this article: He didn’t want to be pressed by dormmates to supply them with an illegal focus boost for upcoming finals.
The controlled stimulants that many college students seek, if only for a momentary edge, carry familiar brand names such as Adderall, Vyvanse, Focalin and Ritalin. They’re all standard drugs for treating attention deficit/hyperactivity disorder, often successfully.
Their misuse, however, is thought to be on the rise at campuses in the US – creating a potentially serious health hazard and trips to the emergency room for students not diagnosed for ADHD.
The extent of the problem is anyone’s guess. Because of what experts consider a lack of reliable research, illicit dealing of ADHD drugs either is infrequent on campus or something so commonplace as to be the college crowd’s best-kept secret.
“The only people who don’t know about it are the parents,” said University of Kentucky communications professor Alan D. DeSantis. “I’m sure the majority of my students will be using at some time during finals week. It’s really built into the climate and culture of today’s college life.”
‘Study pills’
DeSantis has analysed several years’ worth of surveys of Kentucky undergraduates to conclude that at least one-third of the student body has taken ADHD medication without prescriptions. Another 8% use the drugs legally under a doctor’s supervision, he said, and half of them provide pills to other students.
The incidence of use appears to be higher among Kentucky seniors and juniors than for younger students, DeSantis added.
Assessing a variety of surveys, a 2008 study published in the Journal of American Child Adolescent Psychiatry offered a not-so-precise range of 5 to 35% of college-aged people taking attention-deficit stimulants not prescribed for them.
A University of Missouri survey found a usage rate in between.
About 12% in a sample of Mizzou students admitted to using controlled stimulants or painkillers, prescribed or illegally, said Kim Dude, director of the University of Missouri’s Wellness Resource Center. “Eighty-five percent of the students don’t use any of that.”
But she does agree with the KU freshman – don’t let on if you’ve got attention-deficit pills.
“We urge students and their parents from the start: Don’t tell anybody,” Dude said. “They’ll run into peer pressure to sell it or give it away” to other students.
This month, data-miners at Brigham Young University issued a study that tracked Twitter references to study pills.
Searching keywords such as “Adderall,” “college” and “cramming” over a six-month period, lead researcher Carl Hanson revealed, “We don’t have all the answers” on the frequency of legal use or abuse. But the study did conclude that tweets about the drug were heaviest among students in the US Northeast and South, and lightest among students in the Plains and Southwestern states (including California).
Also, the report summary stated, “Tweets about Adderall peak sharply during final exam periods.”
Said Hanson: “I’m concerned about the social norm-ing thing. If students perceive (taking stimulant medication) as normal because it’s talked about and tweeted a lot, they’ll take the risk.”
Easy to get
Katharine Beach became addicted when she was a KU student.
“It’s sad how many doctors would fill prescriptions for me,” said Beach, 26 and now clean.
Diagnosed with attention deficit disorder when she was 18, the medication at first helped her focus and stay awake to study. But after she started drinking heavily, Beach chose to give up booze and find a new fix.
“It’s called cross-addiction,” said Beach, who graduated last year with a degree in applied behavioural science.
Student health services at KU required her to jump through too many hoops before filling prescriptions. (“They’re onto students who want something quick,” she said.) So, relying upon private medical clinics in Lawrence, Kansas City and her psychiatrist in Colorado, Beach procured five times the recommended dosage of Adderall to keep her buzz.
“Everyone around me knew I didn’t drink anymore ... but (that) something else was going on,” she said. “I’m positive I would have switched to cocaine or maybe meth down the road.”
Her health insurance carrier got wise and stopped funding her prescriptions. Her parents caught on after Beach maxed out their credit card. She entered treatment and works today at a University of Colorado rehabilitation centre, helping addicts.
Dealing with the consequences
Millions of Americans have taken prescribed ADHD medication – often intermittently – without experiencing negative side effects. But an under-30 generation raised on the practice might not be aware of the dangers of taking even modest dosages without a thorough diagnosis, said psychiatrist Tahir Rahman of the MU School of Medicine.
“If you’re depressive or have bipolar disorder, taking a drug such as Adderall could be throwing gasoline on a fire,” Rahman said.
In the US, the number of emergency room visits related to abuse of ADHD drugs rose to 31,224 in 2010 – more than double the number recorded five years earlier, according to a report released in January.
Such ER visits by people aged 18 to 25 nearly quadrupled during that time, the Substance Abuse & Mental Health Association reported.
It is not known how many of those patients were college students.
“I hear students talk about it all the time,” said Kate Baxendale, a junior studying journalism at the University of Missouri-Kansas City. She and another student wrote about the problem in the university newspaper after agreeing to not identify stimulant users by name.
Baxendale has never taken Adderall, she said, but others in her dorm have sold it. “At a time like this (finals week), they can sell for US$20 (RM60) a pill,” she said. The sellers ration their prescribed medication because they need some for themselves.
The university’s health services do not have medical doctors to prescribe controlled stimulants, so students taking them must get the drugs elsewhere.
Colleges around the US are tightening their procedures to limit student access to stimulant medicine.
“Some campuses have stopped prescribing stimulants outright,” said Stacy Andes of the American College Health Association. Others, including KU, require students to present copies of at least two diagnostic tests given by doctors or mental-health professionals.
The drugs easily can be obtained off campus in most college towns, said DeSantis of the University of Kentucky. A clinic or family practitioner may ask patients to fill out a questionnaire that asks if they have trouble focusing or completing assignments.
“For the most part, students (seeking medication) know how to answer those questions,” DeSantis said.
Downing Adderall to perform better on tests raises questions beyond medical ones: Is it the educational equivalent of using steroids to cheat in sports? Are students who choose not to use stimulants, or those who can’t afford them, chasing degrees at an unfair disadvantage?
Psychiatrists debate whether the drugs do much at all to help people not diagnosed with ADHD, other than to keep them awake so they can cram for tests.
Girding up for finals in a library study room at UMKC, Govinda Koirala wrinkled his nose when asked if he would ever consider a pharmaceutical boost.
“I drink coffee,” said the junior studying mechanical engineering. “And the latest I stay up studying is 11.30pm,” His secret to academic success? “Just relax. Sleep well. Do what’s good for your mind.”
Must work. Koirala is pulling a 3.91 grade-point average. – The Kansas City Star/McClatchy-Tribune Information Services
By RICK MONTGOMERY The Star/Asia News Network
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Like steroids?: Standard drugs for treating attention deficit/hyperactivity disorder are being used by some US sudents to help them stay awake as they cram for exams.
A UNIVERSITY of Kansas freshman took a break from shooting hoops with friends outside his dormitory to talk about what some students call “study pills”.
As final exams approached last semester, he took a few doses of a prescribed stimulant. “But all they did was make me feel nervous,” said the chemical engineering major. “I’m off of it now.”
He still has a vial of leftover pills he used for his attention issues in high school. And that’s why he asked that his name not appear in this article: He didn’t want to be pressed by dormmates to supply them with an illegal focus boost for upcoming finals.
The controlled stimulants that many college students seek, if only for a momentary edge, carry familiar brand names such as Adderall, Vyvanse, Focalin and Ritalin. They’re all standard drugs for treating attention deficit/hyperactivity disorder, often successfully.
Their misuse, however, is thought to be on the rise at campuses in the US – creating a potentially serious health hazard and trips to the emergency room for students not diagnosed for ADHD.
The extent of the problem is anyone’s guess. Because of what experts consider a lack of reliable research, illicit dealing of ADHD drugs either is infrequent on campus or something so commonplace as to be the college crowd’s best-kept secret.
“The only people who don’t know about it are the parents,” said University of Kentucky communications professor Alan D. DeSantis. “I’m sure the majority of my students will be using at some time during finals week. It’s really built into the climate and culture of today’s college life.”
‘Study pills’
DeSantis has analysed several years’ worth of surveys of Kentucky undergraduates to conclude that at least one-third of the student body has taken ADHD medication without prescriptions. Another 8% use the drugs legally under a doctor’s supervision, he said, and half of them provide pills to other students.
The incidence of use appears to be higher among Kentucky seniors and juniors than for younger students, DeSantis added.
Assessing a variety of surveys, a 2008 study published in the Journal of American Child Adolescent Psychiatry offered a not-so-precise range of 5 to 35% of college-aged people taking attention-deficit stimulants not prescribed for them.
A University of Missouri survey found a usage rate in between.
About 12% in a sample of Mizzou students admitted to using controlled stimulants or painkillers, prescribed or illegally, said Kim Dude, director of the University of Missouri’s Wellness Resource Center. “Eighty-five percent of the students don’t use any of that.”
But she does agree with the KU freshman – don’t let on if you’ve got attention-deficit pills.
This month, data-miners at Brigham Young University issued a study that tracked Twitter references to study pills.
Searching keywords such as “Adderall,” “college” and “cramming” over a six-month period, lead researcher Carl Hanson revealed, “We don’t have all the answers” on the frequency of legal use or abuse. But the study did conclude that tweets about the drug were heaviest among students in the US Northeast and South, and lightest among students in the Plains and Southwestern states (including California).
Also, the report summary stated, “Tweets about Adderall peak sharply during final exam periods.”
Said Hanson: “I’m concerned about the social norm-ing thing. If students perceive (taking stimulant medication) as normal because it’s talked about and tweeted a lot, they’ll take the risk.”
Easy to get
Katharine Beach became addicted when she was a KU student.
“It’s sad how many doctors would fill prescriptions for me,” said Beach, 26 and now clean.
Diagnosed with attention deficit disorder when she was 18, the medication at first helped her focus and stay awake to study. But after she started drinking heavily, Beach chose to give up booze and find a new fix.
“It’s called cross-addiction,” said Beach, who graduated last year with a degree in applied behavioural science.
Student health services at KU required her to jump through too many hoops before filling prescriptions. (“They’re onto students who want something quick,” she said.) So, relying upon private medical clinics in Lawrence, Kansas City and her psychiatrist in Colorado, Beach procured five times the recommended dosage of Adderall to keep her buzz.
“Everyone around me knew I didn’t drink anymore ... but (that) something else was going on,” she said. “I’m positive I would have switched to cocaine or maybe meth down the road.”
Her health insurance carrier got wise and stopped funding her prescriptions. Her parents caught on after Beach maxed out their credit card. She entered treatment and works today at a University of Colorado rehabilitation centre, helping addicts.
Dealing with the consequences
Millions of Americans have taken prescribed ADHD medication – often intermittently – without experiencing negative side effects. But an under-30 generation raised on the practice might not be aware of the dangers of taking even modest dosages without a thorough diagnosis, said psychiatrist Tahir Rahman of the MU School of Medicine.
“If you’re depressive or have bipolar disorder, taking a drug such as Adderall could be throwing gasoline on a fire,” Rahman said.
In the US, the number of emergency room visits related to abuse of ADHD drugs rose to 31,224 in 2010 – more than double the number recorded five years earlier, according to a report released in January.
Such ER visits by people aged 18 to 25 nearly quadrupled during that time, the Substance Abuse & Mental Health Association reported.
It is not known how many of those patients were college students.
“I hear students talk about it all the time,” said Kate Baxendale, a junior studying journalism at the University of Missouri-Kansas City. She and another student wrote about the problem in the university newspaper after agreeing to not identify stimulant users by name.
Baxendale has never taken Adderall, she said, but others in her dorm have sold it. “At a time like this (finals week), they can sell for US$20 (RM60) a pill,” she said. The sellers ration their prescribed medication because they need some for themselves.
The university’s health services do not have medical doctors to prescribe controlled stimulants, so students taking them must get the drugs elsewhere.
Colleges around the US are tightening their procedures to limit student access to stimulant medicine.
“Some campuses have stopped prescribing stimulants outright,” said Stacy Andes of the American College Health Association. Others, including KU, require students to present copies of at least two diagnostic tests given by doctors or mental-health professionals.
The drugs easily can be obtained off campus in most college towns, said DeSantis of the University of Kentucky. A clinic or family practitioner may ask patients to fill out a questionnaire that asks if they have trouble focusing or completing assignments.
“For the most part, students (seeking medication) know how to answer those questions,” DeSantis said.
Downing Adderall to perform better on tests raises questions beyond medical ones: Is it the educational equivalent of using steroids to cheat in sports? Are students who choose not to use stimulants, or those who can’t afford them, chasing degrees at an unfair disadvantage?
Psychiatrists debate whether the drugs do much at all to help people not diagnosed with ADHD, other than to keep them awake so they can cram for tests.
Girding up for finals in a library study room at UMKC, Govinda Koirala wrinkled his nose when asked if he would ever consider a pharmaceutical boost.
“I drink coffee,” said the junior studying mechanical engineering. “And the latest I stay up studying is 11.30pm,” His secret to academic success? “Just relax. Sleep well. Do what’s good for your mind.”
Must work. Koirala is pulling a 3.91 grade-point average. – The Kansas City Star/McClatchy-Tribune Information Services
By RICK MONTGOMERY The Star/Asia News Network
Related post:
Malaysian students are disclosing their dirty secrets on Facebook
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