I am a physician, currently practicing as an Anesthesiologist. My other passions are finance and investments. As of 2013, I have passed all three levels of the Chartered Financial Analyst (CFA) exams, all in my first attempts. I received my Masters of Business Administration degree in 2008. I received my certification as a securities specialist from the Philippine Stock Exchange in 2009.
Kentucky Fried Chicken (KFC) Philippines always have great meal deals going on. Why are people drawn to combo meals? There are savings when you buy a combo meal than buying all the components ala carte. Savings from a promo is a very important factor in purchase decisions.
However, the computations that KFC uses for what you save with its meal deals are confusing and inconsistent.
Here is one of the deals being heavily promoted recently by KFC:
KFC Spaghetti Party Bucket
Do you only really save PHP 70 with this combo instead of buying everything separately? KFC messed up the computation on this one. Here’s why:
Like in the real world, the income gap between the “haves” and the “have nots” of tennis continue to widen. The disparity actually exists even between the “haves”. I can offer some explanation for this. Geometric progression has something to do with it.
A lot has been said about the income disparity between the have and have nots of tennis. I’m just talking about prize money here. The disparity between endorsement money is a whole different ballgame… errr match (since we’re talking tennis here).
Apparently, the disparity exists between the “haves” themselves. The Wall Street Journal ran an article last year regarding the income gap between the 1st and 32nd ranked tennis players, and compared that gap across a variety of professional sports.
Why the number 32? In a tennis grand slam, such as the recently concluded 2015 Australian Open, there are 32 seeded players. The seeded players represent the top tier of the sport. The article is pointing out the disparity even within that top tier. Here is an infographic:
Note: The data from the wsj article is as of August 22, 2014. After the 2015 Australian Open, the no. 1 ranked male and female players are Novak Djokocic and Serena Williams respectively – they also both won the Australian. The no. 32 players are Fernando Verdasco (still!) and Coco Vandeweghe.