• Never get involved in illegal gold trading. This is a fundamental rule that will stand you in good stead when it comes to managing the different elements that go into the gold investment. If you suspect that the deal is not up to scratch then you should immediately pull out. The end result is that you will get a good look at the different elements that are involved in the gold investment to see whether they are really up to scratch. If there is even a hint of criminality then you would be well advised to stay clear of the whole thing.
• Try to check the provenance of the gold that you are dealing with. This is a long process but the international community wants to formally put it in place to ensure that illegally acquired gold does not make it onto the market without proper monitoring. Of course there are people that go round the rules and manage to put it through but your responsibilities as a gold investor should be rather higher than this. You should be looking to improve the way that you manage the gold investment with special emphasis on the different outcomes that you can have with the right attitude.



• Inquire with approved investment advisers before going for gold. These are people that have an idea of how the market works and you really need to get their support because the use of gold as an investment can be tricky even for the most business minded people. One has to have professional help in order to navigate the different options effectively. When they get it right then the results can be spectacular and one can get lots of profits but if they get it wrong then the entire outlay can go down the drain.
• Make sure that the gold that you are investing in has been sold or bought at the right time. The way that you run the gold investment is to look at the times of low prices to buy the product. This means that you are not exposed to the consequences of price hikes. You then look at the times of high price to sell your investment. In this way you will be making good investment profit for you and your family.
• Try to get adequate insurance for your gold investment. This is all about having safety in numbers. If you have taken the time to work out the insurance policy then you can avoid the high liability costs.

The need for money is never ending and it does not matter how much you earn, you would always be short of it. There are times when you would have to earn more money for certain commitments which are totally unexpected. You would depend on the savings that you have or probably loan some cash. Over a period of few decades money lending system has changed a lot, banks, private organizations have emerged into creating a huge industry for loans.

In this new age century, people mainly depend on credit cards and loans as an immediate form of availing cash when needed. And there are majority of the working population who depend mainly on payday loans. When compared to the conventional loans payday loans are a little different yet more convenient for the salaried professionals. The loan approvals of payday loans are much faster and convenient than any other form of loans. This is the reason why it has become widely popular across the world.

In order to avail the payday loans there are certain requirements that you need to satisfy. If you are a salaried employee then payday loan is just the right type of loan that you might want to get when you are in need of it. When compared to the credit card interest rates , payday loan fairs much better on your pocket. All you need to have is the proof from your work place and a bank account in most of the cases.

The approval for the payday loans is done within a matter of few hours or rarely a day in some cases. You would get the cash immediately in hand or directly into your bank account in no time. So, these are some of the details that you need to know about payday loans in general. You can always visit, call or check with websites where payday loans are offered.

Saving money is a form of art and not everybody can do it successfully. So you should have your own plan to prevent yourself from getting into a situation where you will be out of money when it is required the most. Recession or economic crisis are unavoidable and can affect anyone and at anytime for that matter. Earning money was never that easy and it wouldn’t be easier anytime soon. So when you have to spend money make sure that you are spending on something that you will make use of.

Try to invest money in different savings programs that the banks come up with. There are many programs which offer a guaranteed return for a fixed investment. Avoid unnecessary expenses such as buying products that you will never use, spending on entertainment purposes or investing on something which would not benefit you in any way.

You can start saving money from the smallest of the things in your daily life. It can include saving fuel costs, electricity bills, phone bills, food expenses or probably purchase of clothing for that matter. Buying products off the internet has its own benefits such as, it can help you save costs for fuel, time and of course get you a good deal. Just think of it, especially when you are planning to go for tour, getting luxury hotel deals online with nice discount ! Not only it saves on the expenses compare to getting it thru agent, it is more convenient and hassle free for you to purchase these service and/or products online.

If you are the person who plans out the expenses in the household it is advisable for you to come up with a daily/weekly or a monthly budget for you to get a better grip over your financial matters.

The duration and the amount of money play a major role for a bank to offer you a loan. You would have to provide a lot of documents to prove your identity, address, income and other relevant documents also. If you are an existing account holder of a particular bank the process of getting a loan would be much easier. Apart from having a bank account if you own a credit card the loan approval would be done in a short period of time and sometimes it could also be only a few hours.

Once the loan is approved the cash would be deposited towards the account, in certain cases upon request they would give you cash in person. You owe the bank the money you received and additionally you would also be paying interest every month. So you need to spend the amount responsibly and also save some amount if possible. Before you even take the loan you need to come up with a plan in order to repay the money within the agreed tenure.

Since you owe the money to the bank you need to be extra cautious about paying back the money with interest on time. The bank has done you a favor of giving you the money on time when you required it the most. So it is your duty and responsibility to maintain the trust and relationship with the bank.

The firm that you are dealing with for the mutual funds investment will definitely help you make the right choice. Apart from picking the stocks, it also goes into finances factoring to access your commitment level. this includes your decision on what stocks you want to buy and how much you want to invest. The people who would be handling your investment portfolio are well trained professionals and experts in the field of finance. One of the major benefits that you get from investing in mutual funds is that the risk factor which is involved is reduced to a great extent.

You do not need huge investments to get into mutual funds market; most of the trading centers accept an initial deposit of few hundred dollars. It depends on each and every organization upon how much money you need to invest for a certain program.

Aged citizens, working professionals are said to be the major players in the world of mutual funds. There is a very low chance of you losing the money since the funds are taken care of the managers of the firm where you have invested. Withdrawing the money from the market is very easy and is termed as liquid, usually in one or two business days you can liquidate the cash.

So, it is advisable for you to invest in mutual funds if you haven’t already and start making money. It is mostly risk free and a secure form of investment.

• If you own a home business you are eligible for tax deductions. Also if you employ your family members then the government entitles you for a concession with taxes.

• You can also avail health insurance for you and your family.
• If you apply for an educational loan the taxes are deducted while you pay it back to the bank.
• You can also donate money to charitable trusts and it would not be taxable.
• In certain cases there are exemptions of paying taxes if you apply for a housing loan.

The above mentioned points are just the basic ideas on how to save you from paying huge taxes. For detailed information about how to save your money you can always get in touch with a tax consultant. They would be able to brief you about the procedures and would give you several tips with regards to saving income tax.

Different states have different laws and provisions about evading the tax legally. Everything should be within the control and also documented to show the proof to the government whenever the necessity arises. Never follow a wrong path in the pursuit of saving your hard earned money because the money that you would be paying to the government in the form of tax is for the welfare of your own country.

There are several types of Visa credit card that you could use, and one of them that you’ll read in this article is about Visa Business Credit Card. As you know the business credit card, mostly will be used for your business activities, like purchasing some office supplies, paying the business debts, even paying for your business vacation. You could take care all of your business expenses by using the Visa Business Credit Cards.

As a business owner, you probably already aware of having a separate credit cards for your personal and business life. You need t separate the usage for each of them to make it easier for you to do the tracking and bookkeeping either for your business or personal life.

There are several benefits of Visa Business Credit Cards that you could take advantage of, some of them are:

1. Auto Rental Collision Damage Waiver
If you go abroad, rent a car, and got an accident, Visa Business Credit Card will give you the auto rental collision damage waiver for any damage for your rental car. You don’t have to worry anymore to pay for the damage, since Visa will take care of it for you.

2. Purchase Security and Extended Protection
Purchasing the products, especially the ones that you did online, often gives you some insecurity about your purchasing. Vise will give you the Purchase Security for any purchasing goods that you do and also the Extended Protection for you if the products that you receive is damage or different with the real product.

3. Travel Emergency Assistance
Just in case you need medical assistance while you’re away, you could use your Visa Business Credit Card for it. You’re still have to pay for this medical services, but on the plus side, you could get a priority because of the Visa brand that is widely known.

No matter on what purpose you use the Visa Business Credit Cards, you’ll get the same benefits and features that you could take advantage of from it. Just in case that you’re wondering about what other benefits that you could take from the Visa Business Credit Cards, you could head on to the Visa main website, and read the complete features for each type of Vise credit cards.

One of the knowledge that you should learn regarding business is how to use the benefits of taxes in your business.

If you’re trying to figure out how you could increase your business deductions, take a look at your driveway. You need to know that your vehicle is deductible when you use it for business. So, when you drive your car and use it 100% for business, the expenses will web deductible. But what if you use it for business less than 100%? It’s not a big problem. Many small businesses do this too, and they could reduce the expense record. Don’t understand how it works? It’s simple. When you use 75% of your car for business, you’ll deduct 75% of your vehicle expenses.

There are two ways to report your car expenses, the actual expense and mileage method.

When you use the actual expense method, you need to keeping track of the expenses, such as oil, gasoline, maintenance, repairs, registration, license, wash, wax, supplies, equipments, taxes, and so on. You need to add up all of the deductions and then multiply it by the total of your business percentage, which is determined through dividing the business miles by total miles you drove.

When you use the mileage method, you don’t have to keep tracks of all deductions. You’re only need to make notes of business miles driven. This will be multiplied by the mileage standard rate that published by IRS. The mileage rate will be different every year, usually ranging from 36-48 cents per mile. This amount could be bigger or smaller next year.

Also, when you use the mileage method, you could see that there are also other deductible stuffs such as taxes and interests. If you’re confused to find out which method that you should use, you could run both of them, and choose the higher deductions instead. However, you need to be careful in following the “switching” rules. You could easily switch from mileage method to actual method. But, you can’t do that easily if you switch from the actual method to the mileage method.

If you want to keep the record simple, go with the mileage method because you don’t need to keep any receipts that you need for the actual method. Even if the mileage method doesn’t need any extensive record keeping, you should keep the log of it just for the save way. You could keep the log daily, weekly, or monthly. Pick the one that less stressful for you.

No matter which method that you choose, you’ll get the business tax deductions. The difference of both methods only lay on how big the deductions will be.

Is there a way to make war on the prices of brick and address the crisis: it’s called DIY. A reality that the house-do-it-yourself are already established in the other (Germany, Sweden, Denmark and Holland) but rapidly spreading in our country with the objective of saving up to 50% on the final price of the house.

How does it work?
There is bound in a cooperative, bought land, and then the prospective owners, led by professionals, embraced the tools of the trade, buying the materials, and carried out their work for future homes.
This is therefore a collective group of construction project involving the direct recipients of the future property.
Any person involved in the project does not require any specific knowledge as assisted and directed by professionals (architects, surveyors, engineers), and advisory body, to hold the solution to all legal and bureaucratic issues such as certification of all plants.

Savings
The advantage over the purchase of traditional houses is that, in the case of a dwelling “self made” real estate purchase can be made through payment of a “soft loan” a sustainable fee (based on income), plus access to their finances and then you may have to decide whether to buy the house by paying the entire amount. In this way it gives the opportunity for families, Italians and foreigners, who could not afford to buy a house on the property market at acceptable prices.
“With the DIY saves four times – said Gianpietro Bonomi, president of the cooperative ‘Air’, – the cost of land, which has been assigned with proper invitation by the city at a lower price than the market, workforce, because do almost everything themselves; materials, because together we can get discounts on large quantities, and because there are no markups, no one has to earn. We expect – he concluded – to close the site by next summer, at a cost of 1,000 euros per square meter. ”

Growing phenomenon
In Italy are nearly 300 families who have built a house by themselves and that they’re doing it, united in more than 60 cooperatives. Especially in Lombardy and Emilia-Romagna. But even in Umbria and Lazio. The model, who was born in Northern Europe, is taking root even in the institutions, which in recent years have begun to make available for this type of activity, through the launching of the competition, areas for social housing. And to provide funds to encourage this practice.
Among the most recent, the Province of Parma, who performed an experimental plan for 48 new housing for 400 thousand euros financed by the Emilia-Romagna.

Active For some 300,000 euros of initial capital holding part of Active Capital. The first customer of the company managing the Molins Capital venture capital fund with a committed investment of 20 million in companies like BuyVIP, Polymita Technologies, Golden Gekko, Xperience Consulting and Technology Telemedicine Clinic as well as non-technological Vinus toast.

The first project will be managing the launch of the Active II second bottom end of this in 2009 with a European software companies, internet, telecommunications and cleantech investments between 500,000 and 4 million euros per project.

In short we hope to interview one of the founders of the manager, Christopher Pommerening, that we explain in more depth this exciting project.

Politicians, experts on post messages that people have been very clever in his management of the messages received by the people about who the real cause of the situation we find ourselves. Plus, with its high activity, have also given the impression that they were doing things to solve problems.

And not only in Spain, since the alleged solutions we have seen around the world have followed a similar pattern, I suppose for this we must thank the famous meetings of the G8 and the G20.

In this context, not surprising as positive results of recent surveys of people’s opinion, and teleconference sessions with industrial experts on the measures taken so far and about the leaders who participated. With so much propaganda and seeing all follow the same path, it is normal to think that the path taken is the sole and proper.The main problem with these results is that politicians are going to believe and, therefore, no longer really necessary to introduce measures to not repeat the mistakes of the past.

His obsession with the limitation of salaries shows that are on the road populist and not in the way of the solution. Moreover, as my colleagues wrote, Antony and Alexander, this morning, financial systems that have left need to remain problematic.

The recent announcement in Spain for tax increases shows that we are already seeing the tail that some of us warned that they would bring the solutions that followed.

To see if the people are beginning to realize that the measures taken were not the panacea that many tried to convince them that, ultimately, it is they who will face the solutions.

And the financial crisis has caused financial institutions give very little credit, at interest rates hovering around 10% and above require a lot of requirements to give us money, so it is very difficult to buy a car in these conditions.

To alleviate this problem and yet this is temporary, the French manufacturer Renault through its financier in Spain has launched an initiative that will provide financing for the purchase of a car. Thus we have until 30 September, the French manufacturer will provide loans up to a maximum of 10,000 euros to an interest rate only 2% taking into account that financial institutions can not find it cheaper 8% -9%, and within three years.

This is an initiative from Renault covering every vehicle in the brand and it is targeted both for individuals and companies not autonomous and fleet owners. Obviously this measure in addition to existing rebates and subsidies in order to increase their sales and that stakeholders will be attracted because the interests are minimal.

A 92 come the U.S. bank failures so far this year. What began in 2007 with three timid bank failures has spread like wildfire: 25 bankruptcy last year and now the figure climbs quickly to the hundred.

Banks Corus, Bank of Chicago, Lacey Washington and Brickwell Community Bank, Minnesota, closed its doors yesterday at a cost to the Fed than 1,700 million.

The financial crisis claims more victims and no single day that Wall Street will not be shaken by evil hanging over the U.S. banking system. The bank closed last week in Missouri, Illinois, Iowa and Arizona. In the coming months further falls are expected in large part by the sharp decline in housing prices and high unemployment which stands at the highest since 1980.

In August, Guaranty Bank became the second largest U.S. bank to collapse this year with losses of billions of dollars to the government. Only the costs of this fall are expected at 3,000 million dollars. The number of problem banks on the confidential list of the FDIC (Federal Deposit Insurance Corp) jumped to 416 in late June, after rising to 305 in the first quarter.

The insurance fund is at its lowest point since 1992 (the year 181 banks went bankrupt in the U.S.) and fall into the red in the coming months. The FDIC believes that bank failures will cost 70,000 million dollars by the year 2013. Although it is said that the worst of the crisis has passed, and that interest rates will rise soon, the truth is that we still have much to go and monetary policy measures can not with this full flood. We are still in the midst of the storm and the anticipated recovery by Ben Bernanke promised for the second half of this year, is becoming increasingly remote horizon.

Photo | Guitartwin

The primary objective is to raise about 200 million U.S. dollars. That is what appears from a statement to the Securities Commission of the United States.

The offer will be conducted through the Stock Exchange of St. Paul. The shares will be offered in the bag and also listed on Wall Street.

The coordination of operations will be undertaken by Santander Investment and Credit Suisse.
For its size, the subsidiary of Santander in Brazil is the third private bank in Brazil. In total it is estimated that the bank has 153,820 million in assets.

Analysts estimated that this output to the bag will be one of the major outputs of the year worldwide.

At first instance it is thought that the money would be used to enhance the growth of the institution in the Brazilian market.

It goes without saying that the shares are likely to have a good reception among the public.

We have seen how this financial-economic crisis has had a global effect on the economy and how it has affected all sectors, not escaping the automotive sector with falling sales worldwide, with factory closures and worker layoffs continuing .

One of the multinationals concerned has been the almighty U.S. General Motors to liquidity problems, the accumulated losses and debts to acreddores, has been called to reduce its size, having to sell some of the subsidiary that owns and is the case of the German manufacturer Opel.

Thus, after tripartite negotiations between General Motors, the German government and stakeholders at Opel, the U.S. multinational has reached an agreement with the consortium formed by the Austrian-Canadian company Magna along with Sbernbank Russian entity to sell a 55% Opel to be shared equally, keeping General Motors at 35% and the remaining 10% will go to the 50,000 workers he has the German manufacturer.

It was unclear the economic terms of the transaction but what has transpired is the new owners carried out a restructuring plan by which fired thousands of workers and it will not touch the plants operating in Germany, the plant Figueruelas in Zaragoza, the largest in Europe can be seen as reducing its workforce by 1,700 employees.

I’ll start with a post in which I comment that I think is worth remembering that the “comfortable” situation where we can find reviews of our mortgages, can change at any time and that therefore the family economy as the business, have a good margin for maneuver in terms of debt that we use, is essential to not meet with unpleasant situations in the future may be closer than we think.

All to review or have reviewed their mortgages this year, will have been a great “joy.” Its shares have fallen very relevant as long as they did not have a clause with a minimum rate of pay.

It seems obvious that sooner or later we will see the Euribor rise and therefore we find that our fees will rise again. Anyway I think it is good to remember above all not to “accommodate” to the rates we pay for our mortgages today. What is clear is that at least this year, the monthly expenditure that we have a mortgage and we pay (for now), will be considerably lower than last year and that’s always a joy.

France reported yesterday that will create a new tax to tax CO2 emissions to the environment, and this tax will apply to both businesses and consumers. The tax is 17 € per tonne of emission for the emissions of gas, coal and oil (the electricity is excluded because it is practically all nuclear).

However, this measure is accompanied by an even more controversial. And that creates new duties for products imported from countries without environmental regulations in the European equivalent, ie have no plans to reduce their emissions.

This has been a new momentum in France of protectionism. With the excuse of the environment, imposed on imports of developing countries. And this will have serious consequences for world trade.

That’s one way of seeing. Another is that if we strive to reduce emissions and other countries, not only in the long run will destroy jobs in our countries, as not meeting international standards have a competitive advantage, but also did not improve the environment , since the CO2 does not respect boundaries.

Thus, although the merits of the case has some protectionist intent in this case the likely result if all EU countries to make that determination would be that developing countries should be aware of the environment. And I think that while it may cut its development potential in the short term, long term it will be better for everyone.

Image | Taras Kalapun

1. Find out about him / her
Before taking a step in the relationship, find out all you can about the object of our desire: cost and commissions, interest, penalties, credit limit, promotions …

2. Avoid repeating the same mistakes
From the above relations we learn to avoid tripping over the same stone. What did not work with your credit before? Or, especially: What was what you could not run?

3. How you look, you will
We must guard the image. Do not let the irresponsible hogazanería or stain the ideals it stands, as a lover and as a cardholder: the files of debtors are difficult to overcome a pothole. Furthermore, a well-managed card is the door to get better and bigger credit lines.

4. Do not make promises in vain
At the beginning of a relationship, and the balance from one card brand, we feel the same, we feel compelled to promise. And as we talk about more in the first few dates, we can commit that we have no income or that are not safe (and it is likely that at present none is).

5. Never on a first date
Impulsivity may lead us to ask for things that the other party is willing to give, but will be saved if we act impulsively and foolishly. Why ruin a beautiful evening that a hint or a good credit history with compulsive shopping just because you can do?

6. Do not let your guard down
One leads to the next appointment, so I always step by step, and respecting all the rules. The credit card is as faithful as people: treat him well, do not make mistakes, and come back to you.

One of the most ambitious plans that the government intends to promote and is included within the Covenant of State for Energy, to reduce dependence on imported oil and to cheapen the annual bill by buying oil at about 11,000 million euros and also also lead to a reduction in carbon dioxide emissions is the so-called Plan móvel.

Movel Plan developed by the Ministry of Industry is to encourage the purchase of 2,000 electric cars until at least 2010 and its use, has a budget of 8 million and awarded grants ranging from 750 euros to 20,000 euros Depending on the type of vehicle but in the case of cars, the maximum grant is € 7,000.

That itself is a great plan but it has several drawbacks such as:

* High price now costs one of these cars, as for example the price of a small utility around about 40,000 euros.

* Another disadvantage is that there is now a network of recharge conditions, which will be solved by building more than 500 points to 2010 recharges.

* Another is the limited autonomy of these cars that are useful for walking through town but not the 160 kms road approximate that can travel without recharging.

The U.S. power company Kraft Foods (KFT) (Oreo, Milka, Lu, Chips Ahoy etc. ..) today launched a takeover bid for Cadbury (CBRY) (manufacturer of chewing gum and chocolates possessing brands like Trident, Bubbaloo or Halls among others).

While a year ago, the entry in September, marked the demise of corporate transactions, it appears that this September we are starting to emerge with such force, especially in regard to acquisitions made by industrial enterprises with a powerful market position that exploit the situation to acquire rivals and strengthen their strategic positioning (the last was the acquisition of Marvel by Disney).

In this case the offer made by Kraft Foods has been at 745 pence per share from Cadbury, which is valuing the company at approximately 10,200 million British pounds. Kraft will pay 300 pence per share in cash and the rest offering 0.2589 shares of Kraft for each share of Cadbury (the offer part payment in shares seems to be one of the new guidelines in this post credit crunch).

The 745 pence a share offered by Kraft Foods, represented a premium of 31% over last quoted in Cadbury, the board of Britain has already announced that it has rejected the offer as insufficient, and action to overcome price OPA reaching beyond the barrier of 800 pence.

My supply seems pretty generous and fair with the times, and valuing Cadbury to multiples of almost 12x its expected EBITDA in 2009 and a PER of just over 20x. Figures pretty generous with the times and while Cadbury has a good market position in a business that is holding up pretty well recession, even grow, and where for sure there are synergies between the companies, it seems 12x Ebitda or gives me the feeling that this is a large multiple. Although much lower price to be paid for with Mars for Wrigley, which was 17 times its EBITDA.

Generally in the industry of jam in good times, have paid multiples of 14 to 15 times Ebitda, if Cadbury was finally assessed at 15 times its EBITDA, we could reach a price of about 960 pence, a premium additional 20% above the current price quote. The issue could be encouraged if Nestle and Hershey entered the bidding and choose to split the divisions of chocolates and gum Cardbury, given that I is an investment with currency risk, prefers to stay as I did with the offer of the cosmos to acquire National Express.

The Economist magazine gives information based on a Study of the Organization for Economic Cooperation and Development (OECD), which demonstrates the benefits of college.

The study finds that those with college education, earn considerably more over their working lives compared with those without.

Not for the first time we’ve seen the positive impact on the clearing of more education, not counting the more general positive impact on society of having people with more education and higher wages.

At a time when it is increasingly dropping out, and resulting high unemployment among young people, we are going in the opposite direction.

Politicians, on their rationale, are always looking for things to do and for advertising. Instead of taking more and more of our money and spend it at will, here is a topic that could occupy them, find ways to facilitate, promote and encourage education. Throughout life is good for the individual and for society in general.

What catches the attention of the study is that, throughout his working life, graduates are benets unless the graduates, on average 38% less!

As seen in the table, South Korea, college-educated women are the ones that benefit most in their total income, much more.

What do you think?, No other country in the table where women benefit more than men in their salaries for college, Spain.

That does not mean they charge like they do. What he means is that with college, they improve their situation more than they, throughout their working lives.

You have to congratulate any good news in this area but, as the figures generally show us, in terms of equal conditions, we are still far behind and the road is long.

Via | Economist

To me this controversy reminds me a bit carelessly, it would be a courtesy that the traditional press, or journalists, to link the sources of inspiration as do many blogs, but do not only reflects their enormous contradictions in a new competitive environment they do not know still very well how to drive.

It is a classic, that to change in the competitive environment, the first reaction of companies in life is to opt for resisting change, and instead of adapting to the new reality opt for the tactics of the enemy or water or even as visceral as decision makers accuse Google of usurping the news on Google News  and require Google to pay them to add their news, even though Google’s published an excerpt and link the original source. Finally the last thing I want would not appear in Google News because it sure is a great traffic generator, the press does not want to appear on an aggregator, shows the lack of vision, I almost, almost be willing to appear on Google News.

Then there is the issue of business model is no longer just the heavy cost structures that support the traditional press is generally 50% of its content , publishing news agency that all newspapers replicated without difference . Little value is this information to the reader.

However, the traditional press is partly right, without them, would not be possible to develop or create some news, one has to have sufficient economic resources to investigate a news for quite some time for my press and bloggers are complementary, collaborative force of millions of bloggers are also a powerful tool that generates new news, analyzes existing or access the original source of the story where many journalists can not.

Blogs are not a threat to the traditional press, nobody will stop reading a newspaper to read a blog, and nobody will stop reading a blog by reading a newspaper, but if the mainstream press does not get the batteries, as if someone can stop reading newspapers and go to read one newspaper and several blogs.

And going into more mundane subjects, then there is always the hypocrisy, if not for my paranoia, more than once, after writing a post giving my opinion or analysis of news, and offering a very personal account reflects any idea not appeared in any part, the day after I see as the news is published in a newspaper under the same terms and with the same ideas …. simple inspiration in my post or pure coincidence …. we’ll never know because I can not cite sources. In any case, lack of recognition, if it has been the case, I am pleased to have facilitated the work to some reporter, though he was ashamed or simply provide me is prohibited by company policy.

Although the news has not been outstanding, I feel strongly about the news published yesterday that Britain’s Guardian newspaper, which reflects the Spanish press. The FSA, the Financial Services Authority in the UK, was to hours of declaring a “playpen” financial in October 2008.

In those moments he lived the worst of the financial crisis. Lehman had gone bankrupt, and the United Kingdom was hatched against the clock banking rescue plan. The situation was the limit on the weekend of October 10-12. So much so that if the plan did not materialize, the FSA was prepared to make a pen, yes, only applicable to banks RBS and HBOS. If he had come to a drastic situation on Monday, 13 October had not allowed these banks do not withdraw deposits or, indeed, the ATMs have closed.

Instead came the rescue and did not reach the blood stream. What would happen if two of the largest banks in the United Kingdom have closed their doors to depositors? Is the panic generated would have thrown the country into a playpen general, as happened in Argentina in the late 90s?

What’s more, once at that point, we provided the moral dilemma: was convenient bail out the banks, thereby rewarding bad managers, to avoid greater evil, as it could have been a playpen, or should have let the market correct its own excesses? The general tone of the decisions is that the bailouts were the lesser evil. I agree. The evils could have been much worse.

Photo: matze_ott

The Economic Commission for Latin America and the Caribbean (ECLAC) presented the report “An Overview of the international insertion of Latin America and the Caribbean 2008-2009: Crisis and regional cooperation areas. While this document covers several topics, it is important to note that it says that this year the volumes of exports and imports of Latin American countries will suffer a significant downturn, the worst of the last weeks. That report was presented by the executive secretary Addition of the organism, Alicia Barcena, the ECLAC headquarters, located in the city of Santiago, Chile. That document states that trade is the sector most beaten by the global crisis, according to the ECLAC website, adding that trade in the region will fall by 13% over the course of 2009.

According to the report, released at the site of the ECLAC, the volume of exports from the region fall 11%, the worst drop since 1937, and imports will fall by 14%, the worst figure since 1982.

As part of this presentation, Alicia Barcena said is necessary to implement policies to revive trade, the productive sector actually beaten by the recession experienced by the world economies, as reported by the website.

The website of the United Nations Organization (UNO) echoed this statement and explained what were the reasons for the marked fall in commercial sector. Among the probable causes are: reduction in international demand, declining commodity prices and financing difficulties, according to the UN website.
Authorities said the ECLAC, through its website, the report “An Overview of the international insertion of Latin America and the Caribbean 2008-2009 …” proposes actions in different areas such as investing in infrastructure, stimulate inter-regional trade or to address environmental challenges and climate change.

What economic situation would be living now if you have not been implemented incentive plans to the finances of all countries? Globalization has brought a number of criticisms. Many see it as a loss of identity of individuals and nations for a single. The singularities are disappearing and all we’re looking increasingly más.Sin is however undeniable that thanks to this phenomenon has been able to create a common reaction of all countries to curb the worst financial magnitude of the last seventy years.

The country that has led this movement containment before the economic tsunami has been the United States. Their plans have been a reference stimulus for other nations. Now we start the discussion there about whether it is necessary to implement a new plan to stimulate the ailing economy. Opponents are more optimistic. They think the worst is behind us and what lies ahead in the coming months are positive data certify that the citizens will be able to smile again. By contrast, others do that are in favor of giving a new push to fear that we still have the possibility to plummet into the depths of the crisis.

According to a biannual report published by the NABE company in the North American country, the substantial aid distributed so far by the Administration have helped stop the U.S. economic decline, although only 35% of respondents felt that monetary policy has been correct. In fact, half of the experts said that was “too stimulative” in survey and during teleconference session. “Three-quarters said they would like a more restrictive fiscal policy over the next two years, but only 28% expect to happen” in the report.

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