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Where do funds come from? – The Island
Share Tweet Saturday 2nd May, 2026 The government and some Opposition parties held big rallies purportedly to mark May Day yesterday. The JVP/NPP staged as many as 21 such events across the country, and the SJB rally took place in Colombo. Not to be outdone, the SLFP also held its May Day rally in Colombo. Those spectacles must have cost a fortune each. Where did the funds come from? Both the government and the Opposition never miss an opportunity to declare their commitment to upholding transparency and other good governance principles. So, they should be able to disclose the costs of the aforementioned mega events, attended by thousands of their supporters, and how they raised funds. They must do so because anti-social elements use colossal amounts of black money to bankroll election campaigns and political events in return for favours from politicians. There is said to be no such thing as a free lunch in politics. Following the assassination of upright High Court Judge Sarath Ambeypitiya in 2004, this newspaper reported that Kudu Nauffer, a notorious drug dealer, who ordered the killing, had sponsored food and beverages served at a judicial officers’ function. This shows how widespread the tentacles of the underworld are. Besides criminals, other moneybags also lavish funds on political parties and their leaders and leverage the quid pro quo to cut corrupt deals. There have been instances where some political parties resorted to illegal operations to raise funds for elections, the 2015 Treasury bond scams being a case in point. The UNP could not pay its water and telephone bills at Sirikotha while it was out of power, but after the ouster of the Rajapaksa government in January 2015, its war chest overflowed, and the UNP candidates went on a spending spree during the 2015 general election campaign. A group of businessmen who financed the SLPP’s campaign events gained from the sugar tax scam in 2020. They made a killing at the expense of the state coffers. It is alleged that some financiers of the JVP/NPP benefited from the green-channelling of 323 red-flagged freight containers in the Colombo Port in January 2025. Another allegation is that the current government is beholden to the wealthy rice millers, known to shower funds on politicians, especially during elections. Hence, the need for pressure to be ramped up on the government and the Opposition to reveal the costs of their political dog and pony shows on May Day and how funds were raised for them....
Mutual fund - Wikipedia
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK. Mutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds.[1] Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. The primary structures of mutual funds are open-end funds, closed-end funds, and unit investment trusts. Over long [vague] durations, passively managed funds consistently outperform actively managed funds.[2][3][4] Open-end funds are purchased from or sold to the issuer at the net asset value of each share as of the close of the trading day in which the order was placed, as long as the order was placed within a specified period before the close of trading. They can be traded directly with the issuer.[5] Mutual funds have advantages and disadvantages compared to direct investing in individual securities. The advantages of mutual funds include economies of scale, diversification, liquidity, and professional management.[6] As with other types of investment, investing in mutual funds involves various fees and expenses. Mutual funds are regulated by governmental bodies and are required to publish information including performance, comparisons of performance to benchmarks, fees charged, and securities held. A single mutual fund may have several share classes, for which larger investors pay lower fees. Hedge funds and exchange-traded funds are not typically referred to as mutual funds, and each is targeted at different investors, with hedge funds being available only to high-net-worth individuals.[7] At the end of 2023, open-end mutual fund assets worldwide were $69.0 trillion.[8] The countries with the largest mutual fund industries are: United States: $38.8 trillion Luxembourg: $5.8 trillion Ireland: $4.5 trillion China: $3.4 trillion Germany: $2.7 trillion Australia: $2.6 trillion France: $2.5 trillion Japan: $2.2 trillion United Kingdom: $2.0 trillion Canada: $1.8 trillion In the United States, at th...
Federal tax contributions by state: Which states pay the most?
See which states contribute the most in federal income taxes. Our analysis breaks down total revenue, per capita contributions, and the states with the fastest-growing tax burdens.
Florida Man (The Governor) Announces State Funds Will Go To Hubs For Flying Cars - Jalopnik
That, and you do need places to test land these flight vehicles, which is where Florida and these vertiports come in. ... Even when DeSantis and FDOT begin spending Florida tax-payer money to build this network and if VTOLs become available for this short-stint air travel, its network usage will likely be limited to the state's array of wealthy, tax-dodging citizens because most of these vehicles cost well past the half-million dollar mark. And the state's boomer retirees won't be shucking their retirement fund for something they can't even fly on their own (nor would we want them to).
