MONEY MATTERS

Shopping is a very interesting pass time for many people, they love to go out to shopping malls and window shop the new products on the market. But some people like my mother hesitate to go out shopping because they are afraid of the crowd, the packed streets and the crowded car parks. Today we are able to shop online with the help of internet and computers. Even our iphones help us to shop online on dealfun.com scam . This improvement in technology is a great gift not only to people like my mother but also to everyone as we are spared of the tiring job of running from one store to another to compare prices of products. We are able to compare prices online and we are also able to choose the cheapest online products. Bidding on products helps us to buy brand new products for a cheaper price. Online companies hold auctions for brand new products to help in the promotion of these products. These online auctions help us to buy a product for a very low price. These auctions help in the promotion and sale of the product. Whatever it is we are able to buy a product at its best price.

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Any book that helps us to learn about something is called an educational book. Educational books help us to learn about all subjects. Whether it is the history of a place or the custom and culture of a place you can learn it from the educational books. Not only history but science, geography and mathematics can be learnt through these books.

Nowadays reading is declining among the people, as internet and computers have started taking the place of books, reading has declined. But there are e-books which has become a craze with book readers. People find it easier to browse through these e-books as they are saved from visiting a library and searching for the book.

But there are still many people who like to read from books. Books help to increase our knowledge and educational books teach us a lot. Educational books are not only followed in schools. Educational books can be referred to for any detail we want to know. They are available on various subjects and places.

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The Euro-zone agreement was reached after tough negotiations and this brought relief to the economic chaos. There was a 5% rise in the markets and the French and German bank stock prices rose. The agreement has brought a new era of co-operation between the European nations.

The leaders of the 17 Euro-zone nations have agreed to wipe off 50% of the Greek debt, recapitalize the European banks and strengthen the European Financial Stability Facility (EFSF) to prevent Italy or Spain from collapsing.

If the meeting between the leaders had failed, it could have led to economic chaos and recession around the world. German chancellor Angela Merkel emerged the triumphant leader because she imposed Germany’s vision on Europe, underlining the need of austerity and better economic management while showing solidarity towards the weakest members of European club.

China is interested in a single European currency as a large part of China’s exports go to Europe. China is expected to buy up European sovereign debt and the Euro-zone President Herman Van Rompuy is flying to Beijing.

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The World Bank and the U.N. Office on Drugs and Crime (UNODC) has urged the governments to fight financial crimes which includes large-scale corruption, money laundering and terrorist financing.

Emile Van der Does de Willebois, a World Bank financial expert said, “We need to put corporate transparency back on the national and international agenda, it is important for governments to increase the transparency of their legal entities and arrangements, and at the same time improve the capacity of law enforcement.”

“Puppet Masters” is a report which examines how bribes, embezzled state assets and other criminal proceeds are being hidden via legal structures like shell companies, foundations, trusts and others. The release of this report coincided with the U.N. conference on corruption in Marrakesh, Morocco.

Transparency International with other civil society organizations are calling for action to step up the recovery of stolen assets. They are also demanding more robust anti-money laundering measures. The U.N. and the World Bank say that the laws and regulations are insufficient to control money laundering.

The report also says that “In any complex corruption investigation involving the use of corporate vehicles, an imaginative, tenacious and expert investigator is indispensable.” While vital sources of information are banks and trust or company service providers (TCSPs), the Bank and the UNODC said its review showed that banks and TCSPs “still do not adequately identify the powerful beneficial owner when establishing a business relationship.”

American banks are not generally obliged to collect beneficial ownership information when establishing a business relationship. “At the very least, an official declaration by the customers as to beneficial ownership could be useful in improving the situation,” said the report.

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The usually spit-and-polish financial district of London looked like a holiday campsite. Tents are put up by the anti-capitalist activists who declared to stay there until their message was heeded. They are fighting against “corporate greed.”

The protest began on Saturday with a big rally outside the London Stock Exchange. This protest is part of a global movement against rampant capitalism. The protestors slept in tents outside the St Paul’s Cathedral.

As the police tried to clear the protestors from the cathedral, Dr Fraser supported the protestors saying that it has been a very peaceful protest and they have the right to protest peacefully.

One protestor has said that the corporations have basically infiltrated the government and the way they make policy. Organizers are expecting the number of protestors to grow as it had grown in the New York’s “Occupy Wall Street.”

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On Saturday there was a wave of protests across Asia, the Americas and the Europe. Thousands of people showed their discontent with the economic tides through marches, tallies and some clashes with the police.

The demonstrations in Europe were peaceful, except in Rome, where youngsters turned a peaceful protest into a riot. They set fire to a building and a police van and the police in turn used canons and tear gas. Thousands of people marched past ancient monuments like the European Central Bank in Frankfurt and Germany. There were similar scenes in Tokyo, Hong Kong, Toronto, Chicago and Los Angeles.

Despite the difference in language at all these protests, they were united in their frustration with the widening gap between the rich and the poor. This weekend’s protests come in the wake of the G20 industrialised nations meet in Paris, to discuss economic issues and ways to tackle Europe’s sovereign debt crisis.

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RBI’s (Reserve Bank of India) monetary tightening strategy in order to tame inflation has been supported by International Monetary Fund (IMF). The IMF has said in its Regional Economic Outlook for Asia- Pacific, “In economies where such overheating pressures remain high, inflation remains above target and inflation expectations have continued to rise, such as in China, India, and Korea, the current pace of monetary tightening remains appropriate.”

Currently the inflation is hovering around the double digit mark and in order to control this inflation RBI had already hiked interest rates 12 times since March, 2010. This hike in interest rates has slowed down the industrial output and there has been a demand to pause the interest hikes.

The IMF said, “Inflation has been driven by commodity prices, but also in many economies by sustained demand pressures.” It said that commodity price rise had fed to generalized inflation in countries like Hong Kong, India, Indonesia, Korea, Malaysia and Thailand.

The IMF said, “Inflation expectations have also risen since the first quarter of 2011 in a number of economies.” The multilateral lending agency projected that GDP growth across Asia would average 6.25% in 2011.

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Indian Finance Minister Pranab Mukherjee calls the leaders of G20 to ensure the growth of the world economy. There is a fear of a double dip recession caused by the problems in the European economy and the still struggling U.S. economy. He has said that the leaders of G20 must discuss to remove the fear of a double dip recession.

A two day G20 ministerial was held in Paris which will prepare the ground work for the leaders of the summit to be held at Cannes on November 3-4. G20 is formed by the rich and developing nations that account for 85% of global output. Mr. Mukherjee has said that G20 should “concentrate on the development aspects and provide positive signals” to help the economy to come out of the current global problems.

The global growth depends on the economy of the growing nations and the current crisis in the U.S. and the European countries will lead the global economy to a great fall. He has said that the emerging economies which were performing much better have also started to slow down. China has come down from a double digit growth to single digit. Only Turkey has shown a 10% growth, followed by China with a 9% growth, Mexico with a 9% growth and India with a 7.7% growth.

Mr. Mukherjee has also said, “ Unless the world economy has a robust growth it would have an adverse impact on the world output and is also going to affect the emerging economies”.

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If we are starting our own business we have to do a lot of work to make it a success. When I wanted to start my own business I was thinking of a way to get in touch with people. I knew very well that I cannot go around advertising my product. As internet has become a household must I thought the best way to talk about my product is through the internet. This is how the social media optimisation came to my help. The social media optimization helps us to take our product to each household. There is no need for the people to come in to a store to look at a product, they can learn about the product and also give their feedback and complaints through these SMOs. I was able to display my product, find new customers and attend all customer complaints or queries through SMO. Many of us are first confused about these new developments but there is no need to worry. We can make use of them successfully with the help of some professionals. This is how technology makes our life easier. As technology develops we must make use of it and develop with its help.

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Technology has improved a lot and it is of great help to us. Child abduction has increased and it has become a great worry to the parents. Parents are not able to keep track of their small kids. They are being kidnapped from the school or when they go out to play. A big ransom is demanded and sometimes there are no reports about the lost children. This makes the parents worry about their children. Technology comes here to help the anxious parents, to help them track their kids with the help of personal gps trackers . Kids can contact us when they are in danger or we can track their place. My uncle was very much worried about my small niece who goes to primary school. The stories of kidnapped kids were worrying him a lot. This is when the personal GPS tracker came in handy. Now he is able to track the kid and he is not worried about any kidnapping. Not only kids’ old people with Alzheimer’s are also a victim to get lost. They forget their route to get back home due to their disease, so they get lost. My grandfather who suffers from Alzheimer’s often gets lost when he goes out for a walk. We advice him to follow the same route but sometimes he goes on a different track and gets lost. So now we have given him a personal GPS tracker which helps us to track him. All these worries are now taken care of by the technology. So we must thank the improvements made in technology and the people behind it.

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