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24 Oct 2007

Real Estate Entrepreneur Rod Khleif And Personal Philanthropy

The Florida real estate investor Rod Khleif has founded two non-profit charity organizations -Tiny Hands Foundation and A Better Choice Foundation.

The Tiny Hands Foundation was founded by Rod Khleif in the year 2001 with an intention to create an experience of joy for low-income children by providing a holiday meal for their entire family.

Through his basket brigade, implementing educational programs, researching cancer methodologies and love, Mr. Khleif intends to make a huge impact on the world. Through this foundation Rod Khleif has fed thousands of children around the holidays with giant baskets of food during the holidays for the past 6 years. Rod Khleif along with the “Tiny Hands Foundation” will feed 1,600 families on November 17, 2007 for the Thanksgiving holiday.

Rod Khleif also founded “A Better Choice Foundation” to support the search for alternative cures for cancer, emphasizing a non-traditional, holistic approach to a cancer patient’s physical and emotional well-being.

This foundation was formed to educate the public and doctors about the benefits of fighting cancer holistically. A Better Choice Foundation is in the process of assembling as many methodologies and practitioners as possible to form a collective voice, which will be presented to the public thus creating a massive impact.

Greenspan Concerned With Low-risk Long-term Rates

According to former Federal Reserve Chairman Alan Greenspan, "Low risk-free long-term rates worldwide seem to be one factor driving investors to reach for higher returns, thereby lowering the compensation for bearing credit risk and many other financial risks over recent years", he said in a said in an interview published on Friday by the Federal Reserve board.

"The search for yield is particularly manifest in the massive inflows of funds to private equity firms and hedge funds. These entities have been able to raise significant resources from investors who are apparently seeking above-average risk-adjusted rates of return, which, of course, can be achieved by only a minority of investors."

Greenspan also expressed his concern over, "many new hedge fund entrepreneurs....embracing a strategy of pinpointing temporary market inefficiencies, the exploitation of which is expected to yield above-average rates of return."

Greenspan concluded with, "I trust such an episode would not induce us to lose sight of the very important contributions hedge funds and new financial products have made to financial stability by increasing market liquidity and spreading financial risk, and thereby enhancing economic flexibility and resilience."