How You Can Profit From A Failing Economy}

Submitted by: Simon P Smith

Unless you have been living under a rock for the past few months you will no doubt have noticed the economy and financial markets are failing.

A Forcast Event

Many financial strategist have been discussing this for quite some time. Robert Kiyosaki even wrote a book about it titled Prophecy. Written in 2002 it discusses why the biggest stock market crash in history is still coming and how you can prepare yourself and profit from it.

Now it is here we can no longer shrug it off as some silly doom and gloom view .

If it is going to be as bad as the gloom and doom merchants in the media are wanting us to belive most people havent felt the pinch yet. Any financial strain youve felt so far is just the tip of the iceberg compared to whats headed our way. And the biggest impact will be on the middle class around Christmas.

Understandably, many people are scared as their financial future is far from being secure. Having said that it is not the time to be stuffing your money into your mattress or hiding under the bed.

You shouldnt do that, nor should you panic. The regulators around the world are working hard and taking swift action to bring stability to the market. The best thing you can do is ride out the short-term ups and downs with just a few prudent adjustments where necessary until it all shakes out.

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The Smart People are Planning Their Future

Dont get caught in what I call the herd mentality. A little rule I have used myself when I find myself in a tight spot is ask myself What is the herd doing? And then do the exact opposite. Now is the time to take a common sense approach. Following are a few tips for a failing economy you may find useful:-

What You Shouldnt Do

* Bail out. Right now everyone is running around dumping stocks or equity mutual funds now. This is silly as the values are especially low and it is simply guaranteeing that youll turn paper losses into real ones. Even if theres more downside to come, staying on course often pays off during times of economic uncertainty. Youll only realise a loss if you sell. What happens after a recession? A Boom. What happens after the sun sets in the west? It rises in the east.

* Stop saving. Those regular contributions youve been making to your savings or retirement accounts are an important part of good financial discipline, and theres no reason to stop them now. The strategy of dollar-cost averaging your investmentsmaking periodic contributions to your accounts, regardless of where the market is heading is still good advice.

* Speculate. While lower prices for investments create opportunities, betting on the markets can easily get you into trouble, especially with the wild swings were seeing now. Small, measured investments are usually better than large, hasty ones intended to make a quick killing. Be especially wary if you get tips from e-mail, the Internet, or elsewhere for certain stocks, commodities, and other once-in-a-lifetime opportunities

* Take on new debt. Be careful about acquiring new debt. Economic downturns can affect job stability and investment income, making it difficult to determine how much debt you can handle.If you must borrow, say, to put a child through college or make an emergency repair to your home, be doubly sure that youve examined all the options and risks, especially if youre planning to use the equity in your home

* Stop living. Although these times demand extra caution, theres such a thing as over-reacting. Whether its buying gifts for the holidays or taking your family on vacation, life has to go on. And some cutbacks can have negative consequences for your wallet, such as putting off maintenance for your house or car or canceling insurance policies. So dont overreact. Instead reflect carefully and, where necessary, adjust.

What You Should Do

* Get your finances in order. Theres never been a better time to make a budget and start paying down your debt, credit card and otherwise

* Rethink your plans to retire. If youre expecting to retire soon, consider holding off for a while, if possible, until things calm down. That will give you time to reassess and, if need be, modify your plans

* Speak with your financial adviser. With end-of-the-year tax planning an annual ritual, now is a good time to make an appointment with your tax adviser no matter what the economic outlook. He or she may have some advice on how to tweak your finances as you ride out the current storm.

* Consider a Plan B. Instead of being scared, Im encouraging you to look at starting or ramping up your Plan B. Its never been more important than it is right now to re-plan how you make your money.

You need to do something different to create a stable financial future for yourself. One of the easiest ways to to this is to have your own home based business.

Now is the time to take action and learn how to build your own home based business to apply yourself to work smarter not harder to find the time to get it done.

So whats the smartest thing a person can do to build their own home based business, or any small business in this economysuccessfully, and without a lot of risk?

Network Marketing has been hailed by many as the ideal home based business. Network Marketing is the best home based business opportunity particularly if you find a mentor in the network marketing business of your choice. This is a great short cut to home based business success as the mentor has already successfully travelled the road you want to travel. Consider this network marketing mentor option.

About the Author: Simon Smith has been working in the financial services industry for over 20 years and building his fortune in the Network Marketing Industry. If you are ready to get out of the Rat Race pick up your free report at Simons

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Latest trial of the One Laptop Per Child running in India; Uruguay orders 100,000 machines

Thursday, November 8, 2007

India is the latest of the countries where the One Laptop Per Child (OLPC) experiment has started. Children from the village of Khairat were given the opportunity to learn how to use the XO laptop. During the last year XO was distributed to children from Arahuay in Peru, Ban Samkha in Thailand, Cardal in Uruguay and Galadima in Nigeria. The OLPC team are, in their reports on the startup of the trials, delighted with how the laptop has improved access to information and ability to carry out educational activities. Thailand’s The Nation has praised the project, describing the children as “enthusiastic” and keen to attend school with their laptops.

Recent good news for the project sees Uruguay having ordered 100,000 of the machines which are to be given to children aged six to twelve. Should all go according to plan a further 300,000 machines will be purchased by 2009 to give one to every child in the country. As the first to order, Uruguay chose the OLPC XO laptop over its rival from Intel, the Classmate PC. In parallel with the delivery of the laptops network connectivity will be provided to schools involved in the project.

The remainder of this article is based on Carla G. Munroy’s Khairat Chronicle, which is available from the OLPC Wiki. Additional sources are listed at the end.

Contents

  • 1 India team
  • 2 Khairat
    • 2.1 The town school
  • 3 The workplace
  • 4 Marathi
  • 5 The teacher
  • 6 Older children, teenagers, and villagers
  • 7 The students
  • 8 Teacher session
  • 9 Parents’ meetings
  • 10 Grounding the server
  • 11 Every child at school
  • 12 Sources
  • 13 External links

WTO calls meeting on trade finance and economic crisis

Friday, October 10, 2008

The head of the World Trade Organization, Pascal Lamy, has called for a meeting to assess the trade finance situation, including the impact on developing countries. The meeting, which is schedule for November 12, will allow credit institutes and government officials to review the current trade credit situation.

“A number of WTO members, in particular developing countries, have flagged the problems they are facing in arranging trade financing,” wrote WTO Director-General Lamy.

“The purpose of our next meeting will be to review how the international market for trade-financing is faring in view of the current very difficult conditions on international financial markets,” he continued.

Credit is vital to trade with around 90 percent of the US$14 trillion in world trade financed by credit. While this market has done well compared to other credit markets, bankers are suggesting that problems might occur shortly. Rates on these trade loans have increased by 3 percent.

Developing countries have seen several recent years of positive growth but the effects of the global financial crisis on these countries have pushed growth levels down.

Lamy has asked that the heads of the World Bank, International Monetary Fund, and other regional development banks to attend. He also invited the five leading commercial banks in trade finance: Citigroup, Commerzbank, Royal Bank of Scotland, JPMorgan Chase, and HSBC.

Lamy also said that work on the Doha Development Round of trade is continuing but did not say if it would be finished this year.

Wikinews’ overview of the year 2007

Monday, December 31, 2007

What would you tell your grandchildren about 2007 if they asked you about it in, let’s say, 20 year’s time? If the answer to a quiz question was 2007, what would the question be? The year that you first signed on to Facebook? The year Britney Spears and Amy Winehouse fell apart? The year author Kurt Vonnegut or mime Marcel Marceau died, both at 84?

Let’s take a look at some of the international stories of 2007. Links to the original Wikinews articles are in bold.

NZ law exempts working farm dogs from embedded ID tag rule

Wednesday, June 21, 2006

New Zealand farmers have won a key victory in Parliament, with MPs voting to exempt Working farm dogs from microchipping legislation, passing 61:60.

The Federated Farmers debated the law for a long time, saying that the cost of microchipping all their dogs will be a huge cost and an inconvenience. Under previous legislation, all newly registered dogs were to have identification microchips embedded by July 1. The microchips in dogs are for owner identification, in case of attacks on humans. This law was introduced when Carolina Anderson, 7-year-old, was attacked in 2003.

Parliament has been debating several proposed amendments to the Local Government Law Reform bill, which aimed to change the microchipping requirement.

Blogger David Farrar says “It is very messy for the Government to lose the vote after piling so much pressure on.” In the end only Labour, Progressive plus New Zealand First voted for it.

The Green party split votes (rare for a party). Four Greens MPs voted for the farm dog exemption and two against.

The four Green MPs were – Sue Bradford, Keith Locke, Sue Kedgley and Nandor Tanczos. The Greens had previously proposed that only dangerous dogs should be microchipped.

In favour of exempting farm dogs:

Total: 61

Against:

Total: 60

Award winning singer George Michael cautioned after caught with drugs in London public toilet

Sunday, September 21, 2008

British Grammy Award winning singer George Michael has been cautioned over drug use. The 45 year old singer was caught with class A and C drugs in the Hampstead Heath area of London. He was arrested on 19 September after being caught in the public toilet. British Home Office Minister Tony McNulty said drug laws needed to be “flexible”. He stated he did not know the details of the case when questioned why Michael was given a mild sentence.

Michael was banned from driving for two years after being caught slumped behind the wheel of his car twice. He pleaded guilty to driving while unfit through drugs. On May 15, 2006 Michael was found semi-conscious apparently snoozing at traffic lights while in his Range Rover. In the early hours of October 1, 2006, Michael was found unconscious in his Mercedes-Benz S-Class car, causing an obstruction.

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Michael found his fame as front man of pop band Wham!. He won two Grammy awards as well as 12 British number one singles. Michael announced that he would be retiring from touring after completing his first tour in 15 years last month. He announced that he would release a Christmas single in December.

54 dead after bus crash in southern Brazil

Monday, March 16, 2015

 Correction — August 24, 2015 This article accurately reflects what was at the time believed to be the correct death toll. That has since been revised downwards to 51. 

A bus carrying 60 passengers to a religious event in the Santa Catarina state of Brazil plunged over a cliff on Saturday evening. The driver reportedly lost control whilst approaching a curve, leading the bus to fall 400 metres into a wooded area just ten kilometres away from Joinville, the final destination. Whilst the cause of the accident is not yet confirmed, police believe that the brakes on the vehicle may have failed.

Approximately 100 rescue workers, plus fifteen ambulances and a helicopter were on the scene; although, the accident happened at nightfall making access to the area difficult. President Dilma Rousseff expressed her condolences upon hearing the news, saying: “In this hour of pain of suffering, I want to extend my sympathies to the families and friends who have lost their dear ones.”

The roads that wind through the Dona Francisca mountain range are notoriously dangerous, with 110 fatalities on these roads in the past five years, according to police. Throughout the nation, with the World Health Organisation stating 43,000 people die annually in accidents on the congested and poorly maintained roads.

The first funerals for the recovered victims are to take place Monday.

Microsoft Silverlight released into first test phase

Monday, April 30, 2007

Microsoft has finally released its long awaited “Silverlight” into Alpha Testing for the general public. “It’s the biggest challenge for Microsoft right now,” said Brent Thill, an analyst from Citigroup. This is the most direct threat to date, that Microsoft has posed to Adobe (makers of the popular Flash platform).

The creators of Silverlight have been promising a single plug-in which will work across all browsers and operating systems and will offer a rich video and interactive media experience which can be embedded within Web sites.

Microsoft has also promised to make some of the Silverlight technologies open source. This has been a popular decision among the computing industry, and has been a step away from the usual protection of their products.

While at MIX07, Microsoft also discussed its new package called Expression, which is set to be released in June, and will be an alternative to Adobe Creative Suite 3 (CS3).

Israel undergoes major emergency drill

Thursday, April 10, 2008

Israel has tested its readiness for a state of war and emergency by testing its emergency services and shelters on a national scale.

The drill is to be analyzed in order to determine the elements which need to be corrected and fixed, and Israel’s emergency readiness is to be assessed.

Israeli school children were told to hide under their school tables as part of the drill, which officials claimed to be the biggest drill ever in Israeli history.

Syria has claimed, in return, that the drill is intended as a battle readiness exercise and claims that Israel is preparing for war.

Leaked cables cause Australian concern

Friday, December 10, 2010

Leaked diplomatic cables between Australia and the US Secretary of State, Hillary Clinton, have raised controversy in the Australian community. The documents were released by the whistle-blowing website Wikileaks. The cables between the then prime minister of Australia, Kevin Rudd, and the US Secretary of State, Hillary Clinton, revealed that China may need to be forced to integrate into the international community. The secret documents also contained information of a conversation between Clinton and Rudd in Washington. In the interview, Rudd stated that China was “paranoid” about Taiwan and Tibet.

The sensitive documents may place a strain on diplomatic relations between Australia and China. Despite this, Kevin Rudd reassured the public that the “robust” relationship between Australia and China wouldn’t sustain any substantial damage to the relations between the two countries. At this stage, Prime Minister Julia Gillard has provided no further comment on the matter, other than to ensure that the relationship between China and Australia would allow opinions to be expressed without any threat to either side.

At the heart of the leaks is Australian founder, Julian Assange. Wikileaks have now released 821 of their promised 251,287 US diplomatic cables. The cables are being released on a stage-by-stage basis. Earlier this week, Assange was arrested on suspicion of rape in London under a Swedish arrest warrant placed on him from a court in Stockholm on November 18.