By MN Gordon, Economic Prism
It must have seemed like a good idea at the time. Of course, the time is always right for government policy makers to improve upon the natural order of things. In their dim minds, the unintended consequences of their actions are not to be considered…they can always be rectified later by another policy fix.
Evidently, none of the officials from West Germany, France, the United States, Japan, and the United Kingdom, who gathered at New York’s Plaza Hotel on September 22, 1985, knew they were letting the genie out of the bottle. Regrettably, once out, it’s near impossible to put back in.
By 1985, fourteen years after Nixon severed the last remnants of the linkage between the dollar and gold, floating currencies had resulted in grotesque distortions to the global economy. The U.S. dollar had appreciated 50 percent between 1980 and 1985 against the Japanese yen, West German Deutsche Mark, and British pound – the currencies of the next three largest economies at the time. (Read More....)
By Scott Humphrey
Tax season is fast approaching as is the dreaded task of finding a qualified tax preparer that has the expertise to handle all of your financial needs. Let’s face it, taxes are a hassle and finding a professional to take care of them proves far more beneficial than attempting to file them on your own. If you are a certified public accountant, enrolled agent, or a soon-to-be tax accounting professional, it is important to attain the 5 following skills to be successful in your career and to acquire regular clients.
First and foremost, it is important for the preparer to be on top of the latest tax law changes. As Americans are on the verge of the fiscal cliff—holding their breath for what is to come, tax preparers must be fully aware of the changes that will likely affect their clients.
Certified public accountants typically focus their services (Read More....)
By Scott Humphrey
Investment capital is extremely important for small businesses, both for startups and for established businesses. Companies effectively manage and utilize capital to grow. Traditionally, small businesses have relied on bank loans for their funding, but those loans have become very difficult to acquire in the last several years. Consequently, cash-starved small businesses have been forced to look elsewhere for desperately needed sources of funding and this is where alternative lenders come in. The benefits of alternative lenders include:
· Faster approvals
· Attractive lending rates
Following are some of the fastest growing small business capital sources available at this time:
1. Credit Unions
Not-for-profit credit unions provide credit at competitive rates. Their local focus and (Read More....)
Tell me what actual benefit you receive from living the “normal” lifestyle – a 2 hour commute to work each day, spending 8 hours in a corporate cubicle that removes your individuality and creativity, to receive a paycheck from which the government has taken its huge and undeserved bite leaving almost enough to cover your bills and expenses – just so that you can live in the kind of house and drive the kind of car that your friends and relatives think you should live in and be driving.
We all must admit that for some strange reason that we don't really understand, we feel a profound sense of accomplishment when we get approved for a mortgage, get a new credit card, or get the “big promotion” at work. There is a scene in the movie Brazil, (a version of 1984), in which Michael Palin lifts his mask as he is about to begin torturing Jonathan Pryce and says glibly, “Confess quick (Read More....)
Many people rely on household appliances for cleaning, cooking, personal hygiene and more. While household appliances play an important role in modern society, not all appliances are built to last for a long time. The following guide provides simple tips and tricks on how to determine the average life of household appliances.
Most household appliances are designed to last for at least 10 years. While some may last for a longer time, this can vary based on the way the household appliance is used. For example, a dishwasher that is used every day will break sooner than the dishwasher in a guesthouse that is used once a month.
Modern appliances are usually manufactured to last for a predetermined length of time. In many cases, the length of time an object will last is based on its use and maintenance. For example, the United States Air Force routinely uses fighter planes that have been in service for over 40 years. While this is a very long time to keep a machine running, a high-quality construction and a rigorous maintenance schedule can keep things running for a very long time.
Durability Doesn’t Come (Read More....)
In order for a business to be financially successful, there must be more money coming in than going out. Credit cards, loans, and other debts can accumulate fast--making your bottom line smaller and smaller the longer you take to pay them off. If you're ready to tackle your business debts so that you can increase your profits, keep reading. Here are some tips to help you pay off your business debts once and for all.
Come Up with a Plan
Coming up with a solid plan is the first thing you should when you're ready to tackle your business debts head-on. First, make a list of your fixed expenses. Rent, utilities, insurance, and inventory or supplies are a few of the things that you'd most likely have on that list. After figuring out what your monthly expenses are, take a closer look at business debts such as credit card balances and loans. Once you've got everything out on the table, create a new budget for your business. A detailed budget will help you stay on track when it comes to spending so that you can free up some money to get your debts paid off (Read More....)