MONEY MATTERS

Our newly built house needed decoration and we were on the lookout for a store to buy all the necessary things under the same roof. As you all know there are so many things to buy to give a newly built house the finishing touch. My friend suggested us to buy the things from home and garden uk . This made our job easier as we were able to buy very beautiful decorations and other home needs from one place. As we were able to buy all the things at sale price we were able to finish all the shopping well within our budget and we were also able to buy some extra things with the balance money.

Now our house and garden looks like as if they have come out of a magazine. The unique decorative pieces are appreciated by everyone, of our visitors. They give the house a rich and elegant look. We feel happy when somebody appreciates our house. And we enjoy living in such luxury.

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The UN in its report on ‘World Economic Situation and Prospects 2012’ has said “India’s economy is forecast to expand at a pace similar to 2011 in the following two years….at 7.7% in 2012 and 7.9% in2013.” The official estimate for GDP growth stands at 7% which is lesser than the earlier projection of 8.5%. Because of this slow down, expectations in various quarters vary and appear to be pegged at 7.5-7.7%. The UN has also reported that the South Asian countries like India, Pakistan, Nepal, Bangladesh, Iran and Sri Lanka will have an economic growth of 6.7%in 2012 and 6.9%in 2013. They have blamed India’s economic situation for a low regional average. The UN said “Robust domestic demand will sustain this increase, but the economic slowdown in India, where growth declined from 9% in 2010 to about 7.6% in 2011, brings down the regional average.”

In a note of caution the report said: “Downside risks to the regional outlook have sharply increased in recent months….particularly in the case if India. Double dip recessions in Europe and the U.S. would have a significant impact on economic activity across South Asia, as Europe and the U.S. are key export markets for South Asia and a main source of tourism revenues.” It said “In a pessimistic scenario, gross domestic product in South Asia would dwindle by about two per cent in 2012 and 5.8 per cent in 2013. South Asia’s economies are also particularly vulnerable to volatile commodity prices.” As per its outlook forecast, “Inflation is projected to decline slowly, averaging 9.1% in 2012 and 8.0% in 2013, as food and commodity prices ease and the impact of monetary tightening is felt in India and Bangladesh.”

The government’s inability to meet the fiscal deficit target is also hinted at the report, by the U.N. It said, “But India’s government is unlikely to reach its deficit target of 4.7% of GDP for 2011-2012, as lower growth brings down tax revenues, and disinvestment in state run companies is put on hold.”

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A few analysts have welcomed the slow down in the GDP growth rate as it reflects the beginning of a balance that the economy needs. The export dependent, GDP focussed approach has defined China’s rise over the past two decades. The government has set the annual growth target for the next five years at 7%, whereas the average growth of the past five years had been 11.2%.

The housing market, which was creating a fear of a bubble by its steep rise during the last year, has come to a stable level. The introduction of new property taxes and curb on buying second homes are the main reasons for the fall in real estate investments. The growth of Chinese economy was 9.2% last year whereas it was 10.3% in 2010. The growth in 2012 is expected to be 8.5%. But GDP growth is no longer the aim of economic policy, as rising inequality and increasing concerns over environment have to be taken care of in the first place.

The up coming year has many challenges for the growth of Chinese economy. The mounting local government debt, a legacy of $586 billion stimulus plan, which includes investments in major infrastructure projects and massive lending, is a great concern for the economists. The bigger challenge is to bring a balanced growth in the economy, which is now reliant on export and government –led fixed asset investments. The foreign investments have declined by 12.7%, in the year 2011. For the first time since 2009, FDI declined to 9.8%. FDI figures in 2011 still reached a record $116 billion, growing by 9.7%.

In the coming year, China must succeed to drive its growth from within, to cushion the external demand weakness. Urbanization has exceeded by 50% and this is an optimistic point for the Chinese economy. Urban residents outnumber rural ones and they help drive the rate of consumption with their per capita income growing 14% last year.

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Most of the Americans believe that they live in a land of meritocracy. But they do not know that in America your economic growth depends on your parents. Those born in the lower rungs have the least chance to climb to the top or even to the middle. The government falls down on the job of creating equal opportunity to its people. Low income mothers and their children receive little nutrition and health care. This continues when the children go to school. The affluent send their children to the best private schools while the less advantaged get a far worse education. The children from the low income group are less likely to go to college, that too the top tiered colleges. Whereas the lucky children with rich parents go to tier colleges where they are 74% and only 3% of the seats are occupied by the low income group.

Poor but bright kids hardly make it to complete their college but the dumb, rich kids got a degree. Someone interested in equality will work to give nutritional aid to low income mothers and young children. He would try to improve the quality of public schools and support the low income college students. He would support a universal health care system so that there is no need for the people to worry about medical bills. But the Republicans have made a cut in the funds to provide nutrition to low income mothers and they have also demanded cuts in Pell grants that provide support to low income students to afford college. Politicians say that they work towards equality but their actions show that they prefer a society in which you’re your station in life is determined by your parents.

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2011 started with positive traces of economical recovery and the International Monetary Fund (IMF) said that recovery is slow but on its way. In the U.S. economic recovery was said to have entered a soft patch and in Japan it was expected to rebound by the end of the year. But 2011 has come to an end but the recovery is still faltering or fragile. It is weaker than it was at the beginning of the year.

Mr. Obama was elected three years back with the expectancy to lead America and the world towards economic growth. But he has been treading a difficult path between economic compulsions and political expediency. Unemployment remains above the 9% level and the soon to be presidential elections has subjected the economic resolve to increased political needs.

Europe is in a worse condition with 44 million unemployed people. What started as bail out for the debt ridden Greece has now become a complex problem for which there is no solution. Europe’s debt was just 5% in 2010 and this itself was considered risky but in 2011 their debt had grown to 46%. This has spread to Portugal, Spain, Ireland, Italy and Belgium. Some of their public debts range from 110% of GDP to 166%. Germany and France have a debt in the 80-90% of GDP range. It has been assessed that Europe’s growth will dip from 3.4% in 2010 to 1.8% in 2012.

So far the eurozone affairs have not affected Asia but the fear remains that Asia will be affected by the economic crisis. The weakening of global demand for Asian exports will set off the recession in Asia. Tourism is a prominent component of the GDP for many Asian countries. Continued recession in the U.S. and the European countries will affect tourism revenues of many Asian countries.

United Nations report that the world is on the brink of one more recession. It has been predicted by the “World Economic Situation and Prospects 2012” that 2012 will be a “make or break” year for the global economy. Let us hope for the positive.

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Cosmetic items help to make and look beautiful. They help in smoothing out the lines on your skin and soften the dry skin. I started using creams and lotions when I was in high school. I have a lot of acne which is a common problem of most of the teenagers. I started trying out all the new medicines and creams that were introduced in the market. I found the most effective luminaze which smoothed my skin and gave it a glow. Just clean your face with a good face wash and apply the cream to give it a smooth and glowing finish.

Cosmetics are good when used in moderate as when you over use them it leads to wrinkled skin. A good brand of cosmetics should be used. Choose something that does not contain chemicals as chemicals can harm the skin. I am always very careful in selecting my creams and lotions. I do a thorough study of the product and go through reviews of the product to learn what people say about the product. You can get good reviews from the people who are using the product.

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My dad was planning to refurnish his office as the old furniture was bought a long time back and some of them needed repair. He was looking online for good furniture shops. The internet not only provided him the details of furniture shops but there were also reviews on office furniture. The office furniture online reviews helped him choose the furniture without having to visit the store. You buy a product only if the review on that particular product is good.

The online reviews are given by people who are using the product, so you are able to get a clear insight of the product. These reviews are very useful to people who shop online and even to people who go out to the stores to do their shopping. Computers and internet have made our lives easier in many ways and this is one among them. The seller’s comments about the product is always positive and they brain wash the buyer by talking about the product. But a review from a person who is using the product gives you a clear picture of the pros and cons of the product. So you can buy the product with confidence.

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Americans enjoy less economic mobility than their peers in Canada and Europe. Isabell V.Sawhill, an economist at the Brookings Institution said, “It’s becoming conventional wisdom that the U.S. does not have as much mobility as most other advanced countries.” Because Benjamin Franklin and Henry Ford rose from humble origins to economic heights it is not that all the men from the bottom can rise higher.

In recent years, a project led by an economist at a Swedish University, found that 42% of U.S. men raised in the bottom fifth of incomes stay there as adults. This shows a disadvantage much higher than in Denmark (25%) and Britain (30%). Meanwhile, just 8% of the U.S. men rose to the top fifth whereas it is 12%in Britain and 14% in Denmark. The reason for the mobility gap has been discussed in academic circles but the street protests and the mass unemployment has moved the discussion to centre stage.

The reason for the mobility gap depends on the depth of the U.S. poverty, which leaves poor children starting especially far behind. Another reason is the unusually large premiums the U.S. employers pay for college degrees. Since children generally follow their parent’s educational trajectory, that premium increases the importance of family background and stymies people with less schooling.

The studies show the inequality among the U.S. people. While the Liberals often complaint about the large income gaps, the conservatives argue that the system is fair and everyone can climb the ladder. But the evidences suggest that America is not only less equal but also less mobile.

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In 2011 America had some technical recovery but unemployment continued. But people are not concerned by this they are always talking about budget deficit. This shows how the politicians are not aware of the sufferings of the ordinary man. Politicians rely on the reports of the economic experts who are utterly wrong in their views. They portray America as a large family with a high debt and they feel the country will have a hard pay in repaying the debts. They are wrong in this issue as families have to repay their debts whereas Governments don’t repay their debts; they just have to make sure that their debt grows more slowly than their tax base. The debt from World War II was never repaid; it just became irrelevant as the U.S. economy grew.

When a family borrows money they owe it to someone else whereas the U.S. Government debt is to a large extent, money we owe to ourselves. During the World War II the debt was owned by the tax payers, the people who bought savings bonds. So the debt didn’t make post-war America poorer. The debt didn’t prevent the people from experiencing rise in income and living standards. Even now it is the same to a certain extent. Foreigners hold large claims on the United States but every dollar’s worth of foreign claims on America is matched by 89 cents worth of U.S. claims on foreigners. As foreigners tend to put their U.S. investments into safe, low-yield assets, America actually earns more from its assets abroad than it pays to foreign investors.

Governments that are ready to impose higher taxes when the situation arises have been able to live with higher levels of debt. For example, Britain had a debt exceeding 100% of GDP for 81 of the past 170 years. Debt matters but we need to do more to get out of unemployment.

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Arthritis is the joint pain caused when the bones in your joints become weak. My grandmother has been suffering from arthritis for a long time. She tries various types of treatments which gave her only a temporary relief from the pain. When my mother’s friend suggested us to consult the Acupuncture Middlewich we thought to give this treatment a chance. But we were surprised to see that my grandmother was greatly relieved from the pain.

After completing the treatment she is very active and there are no more complaints about knee pain. In the past people hesitated to try acupuncture as there was no proper guidance about this treatment. But nowadays you are able to gain knowledge of all types of treatments through the internet and you can also read reviews from people who have already tried the treatment. So you can get the treatment without any doubt. Acupuncture treats various types of diseases and there are even acupuncture facial treatments. When my sister heard about this she got ready to try this facial treatment when my grandmother goes for her next visit.

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