Friday, November 30, 2012

What Causes An Appreciation In The Exchange Rate

An appreciation in the Exchange rate can occur for various reasons. The most significant reasons include higher interest rates and lower inflation. An appreciation of the exchange rate can have a significant impact on a country's economic growth and inflation therefore it is important to understand what can cause an appreciation in the exchange rate.

1. Higher interest rates. If interest rates rise then it makes it more attractive to save money in UK banks and UK financial securities like bonds. Therefore this causes increased demand for sterling to deposit money in the UK. This is called "hot money flows" The higher demand for sterling causes an appreciation of the exchange rate. It is a significant factor because of the high volume of foreign exchange which is transferred between countries to take advantage of differences in interest rates.

2. Inflation Rates. If inflation in the UK is lower than elsewhere then it makes UK goods relatively more attractive. Therefore there is an increase in demand for UK exports and therefore higher demand for sterling this will cause an appreciation. This is a significant factor in the long term.

What Causes An Appreciation In The Exchange Rate

3. Speculation. A lot of exchange rate movements are due to speculation. If people think an exchange rate may increase in the future then they will buy now to try and make profit. Therefore this speculative buying causes significant fluctuations in the exchange rate. The attitude of foreign currency dealers to an economy is very important for determining the exchange rate.

4. Increase in competitiveness. This is related to lower inflation. If a country becomes more competitive because of increased labour productivity then there will be more demand for UK goods and the exchange rate.

5. Current Account Surplus. This means the value of imports (of goods and services) is less than the value of exports. Therefore more foreign currency is coming into the country than going out. (although it may be offset by a surplus on financial / capital account.

What Causes An Appreciation In The Exchange Rate
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View More: Economics Essays

Richard Pettinger studied Politics and Economics at Lady Margaret Hall, Oxford University. He now works as an economics teacher in Oxford. He enjoys writing essays on Economic and he edits a site - Economic Help which includes a blog about latest developments in Economics http://www.economicshelp.org/econ.html

Monday, November 26, 2012

What Does A Financial Advisor Do?

The job of the personal advisor begins with client consultation. At this point an advisor with take note of specific information regarding a client's current finances as well as their future financial goals. Using these to pieces of information, an advisor with then create a thorough plan that identifies problems as well as offer remedies and solutions. A personal advisor will typically meet with the client twice a year to provide updates on the client's financial situation as well as get updates on any changes to the client's lifestyle, to include marriage, divorce or retirement. On the client's behalf, the advisor can purchase or sale a multitude of financial products such as insurance and mutual funds or provide various services including will preparation or the completion of annual taxes.

Some common businesses financial analysts work for are banks, insurance companies, mutual and pension management companies, and securities firms. An analyst's job in these businesses involves the assurance that the companies make sound financial and investment decisions. Analysts read the company's financial statements, analyze prices, costs, sales, expenses and tax rates. All of these elements tie into the projection of future earnings as well as the determination of the value of the company. Financial Analysts are also required in the merger and acquisitions departments of each corporate entity to assess and prepare detailed analyses of the costs and benefits of any potential merger or company takeover.

Basically, Financial Analysts are essential to every monetary aspect of business and the global world marketplace.

What Does A Financial Advisor Do?

To become a Financial Advisor, a person must have a bachelor's degree in business, finance, accounting, business administration or statistics. A high knowledge level of financial analysis methods as well as accounting procedures and specifics of corporate budget are essential for a financial advisor to have in their day-to-day work needs. While a bachelor's degree is acceptable, a master's degree is preferred for analysts who work at the highest corporate levels. Like corporate analysts and advisors, personal finance advisors are strongly recommended to posses a degree in accounting, finance, economics, business mathematics, or law to best help their clients.

It's best to understand Finance Advisors as much as possible so you can make an informed decision and take the best steps possible to reach your objective. Our time is our so precious and despite cell phones and other conveniences we seem to never have enough of it. See below for more information on Financial Advisor.

What Does A Financial Advisor Do?
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For more information on Financial Advisors [http://www.financehelptips.com/Articles/What_is_the_Job_of_Finance_Advisors.php] or visit [http://www.financehelptips.com/Articles/What_is_the_Job_of_Finance_Advisors.php], a popular website that offers information on Personal Finance, Financial Services, Financial Advisors. Please leave the links intact if you wish to reprint this article. Thanks

Thursday, November 22, 2012

Food Prices During the Great Depression

Food prices of the great depression in the 30s, were somewhat of a paradox, when you look back and consider how everything was so cheap, and, yet, at the same time, way too expensive for many people living through those times.

Food prices weren't so much a problem for those who were employed during the great depression, as they could afford the daily essentials, and, perhaps, some extras, like a movie or ice cream; but, for the unfortunate ones who were unemployed, even the every-day, basic necessities were totally out of reach.

Actually, it wasn't that the food prices were high, but it was the lack of, or absence of money that kept most things people not only desired, but needed, at arms length, or on the other side of the shop's glass window.

Food Prices During the Great Depression

Imagine not being able to run to the store and grab your desired food items, clothing, and, if you needed it, medicine; and then not being able to afford the mortgage or rent, or the electricity or gas for cooking. Could you go without?

Who, in our prior affluent day-and-age, could deal with that kind of inconvenience, when we're used to flipping the light switch on in the morning, and turning on the automatic coffee machine to dilute some of those twelve-dollar-a-pound grounds we bought from the specialty coffee beanery-after already enjoying a six-dollar mocha grande with friends.

No such thing for families during the great depression, under their poor circumstances. Imagine buying just a plain (if you can get one today) cup of coffee with cream and sugar, for five cents; a two-egg-bacon-and-toast-with-a-piece-of-pie-and-a-cup-of-coffee breakfast, for 25 cents; or a candy bar for a dime.

It doesn't sound like a lot, except those who were employed might only have been earning or a-day, but when you don't have those few small coins, food prices of the great depression seemed pretty high! For those who had money, life was, undoubtedly, more comfortable even considering the times, but for those who had to scrimp and scrape to put food on the table, their days were filled with worry and strife.

Many mothers often went without food, so their children had more to eat. She didn't spend her pennies foolishly, if she had them, but used them for the things that were vital to her family's survival. She'd account for every cent.

With money during the great depression being so scarce, families frequently ran out of the little bit they may have acquired, from some type of labor, or, perhaps, from hocking something of sentimental value.

And, to make things worse, families lives were often compromised, or drasitically challenged, as the men would set out for other parts of the country seeking employment. Some men, never returned, but, instead, turned to illegal activities in hopes of gain, or to alcohol, only making their own, and their family's problems worse. Some even chose suicide.

At any rate, most people had nowhere to turn, since borrowing from their neighbors or relatives would cause them further problems. Local stores might have extended credit to certain people, but they were rarely let off the hook to pay, as some people were still paying off bills that were outstanding, long after the war, which followed The Great Depression, ended.

Money-or, the lack of it-was the main thing that dominated millions of lives for many years during the earlier part of this century. And, it's no different today. Money, for many people, in one way or the other, still rules.

Tough times are coming again for those who don't think so, as many people world wide, are already experiencing our plummeting economy. I sure notice the presently rising food prices (or, more realistically, decreasing dollar value), as it costs way more for a half-empty grocery bag today, than it did not so long ago.

But, hey! There is hope, and for those who are informed, there's no need to be surprised and led to despair by these coming hard times. We can take precaution, and plan and prepare for our now, and our future lifestyle management, by getting ahead of the game.

We can learn more about food prices of the great depression, and valuable ways on how we can prepare ourselves and our families, for what likely will, in some form or other, depending on our circumstances, be much like, or worse than, The Great Depression of the 30s.

Food Prices During the Great Depression
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Please go to http:[http://www.ThisGreatDepression.com] to read more in general and go to [http://www.thisgreatdepression.com/food-prices-of-the-great-depression] to read more about food prices of The Great Depression

The site is dedicated to helping people survive This Great Depression.

Monday, November 19, 2012

2003-2006 Republican Congress Vs 2007-2010 Democrat Congress

The economic malaise from which we now suffer was caused by Democrats.

Democrats gave us the sub-prime mortgage crisis and the fierce resistance, to reining in its abuses, leading to the housing collapse, bringing about the collapse of the economy.

All bills for raising revenue (thus spending) must originate in the House of Representatives. Democrats have controlled the House and Senate, since January 2007. Republicans controlled both from 2003 through 2006.

2003-2006 Republican Congress Vs 2007-2010 Democrat Congress

The Bush Tax Cuts Had No Bearing Whatsoever on Today's Recession

-It is Impossible For A Tax Cut To Hurt The U.S. In Any Way, Unless:

-A Nation is UNDER TAXED to meet essential services

-Does any economically literate person believe Americans are under taxed?

2003-2006 Republican Congress Vs. 2007-2010 Democrat Congress

________Unemployment Rate________

Democrat Congress Present Data July 2010--------9.5%

Republican Congress December 2006 Final Month---4.5%

Source: Bureau of Labor Statistics

________Total Number of Unemployed________

Democrat Congress Present Data July 2010-------14.6 Million

Republican Congress December 2006 Final Month---7.0 Million

Source: Bureau of Labor Statistics

Total Deficits Democrats 2007-2010--Republicans 2003-2006

Democrat Congress 4 Yearly Deficits------------ Trillion, 374 Billion

Republican Congress 4 Yearly Deficits----------- Trillion, 356 Billion

Source: Budget of the United States, Office of the President

Increase or Decrease In Revenues To Government

Republican Congress 2003-2006 (+) Plus 0.3 Billion

Democrat Congress 2007 To Present (-) Minus 1.2 Billion

Source: Bureau of Economic Analysis-Dept. of Commerce

Increase in Disposable Income -Inflation Adjusted

Republican Congress December 2003-2006-------20

Democrat Congress 2007-2010------------------$ 427

________Black Unemployment________

Democrats-----July 2010-------15.6%

Republicans----Dec. 2006--------8.4%

Source: Bureau of Labor Statistics

________Hispanic Unemployment________

Democrats----------July 2010--12.1%

Republicans--------Dec. 2006--4.9%

Source: Bureau of Labor Statistics

________Teen Unemployment________

Democrats----------July 2010---26.1%

Republicans--------Dec. 2006---15.2

Source: Bureau of Labor Statistics

-Revenues are Never The Problem in America, Excessive Spending Always is

-America does not need 1 More Penny For Essential Services

-It does need to cut the cost of the federal government as a % of GDP (the national income) from 25% to 16%, over 8 years.

Limiting spending to 16% would pull all that capital back into the private sector, where all net wealth creation and job creation takes place. Per capita income would soar for doing exactly what each worker is doing right now. This exact principle is what gave us soaring growth in the 1990's.

Entitlements/Welfare must be reined in. "All" able bodied men and women must perform a service meaningful to taxpayers as a first requirement to be eligible for welfare. Families must take in and support all welfare recipients in most cases.

________The Bush Tax Cuts________

-Not a single person was hurt or treated unfairly by the Bush Tax Cuts

-The highest percentage cuts went to the lowest bracket taxpayers-33%, the smallest cuts to the highest bracket-12%.

-All "net taxpayers" were helped from the Bush tax cuts, until Democrats took control of congress, in January, 2007

-Every vital area of the economy made strong gains through 2006, the strongest by the lowest income Americans--(CBO Study 1995-2005 )

_Disposable income was 00+ higher, for every man woman and child by December 2006

"It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now." - President John F Kennedy Dec. 14th 1962

JFK has many quotes, citing free market principles. Every JFK quote is 100% consistent with the Bush tax cuts and are as free market/limited government oriented (or more so) than that of every one of today's Democrats; even more than many Republicans in congress today.

JFK'S quotes are also entirely consistent with the conclusions (along with the actual data) stated in this article.

http://www.wnd.com/news/article.asp?ARTICLE_ID=39517

-Almost immediately after Democrats took control of congress, the economy started slowing, then very quickly tanked.

-Democrat forced legislation, starting with Jimmy Carter's Community Reinvestment Act, then expanded by Bill Clinton, then by threats and shameless intimidation by the Reno Justice Department, using ginned up data, led to the following:

-Democrat spending measures and strong armed support by Democrats to ACORN-led at the time by community activist Barack Obama

-Sub-prime mortgages forced on America by Democrats, ACORN and the Reno Justice department.

-Misuse and corruption of Fannie Mae and Freddie Mac by top Clinton Cronies, Raines, Gorelick, Johnson, etc.

No one boasted more about the great contribution to America of sub-primes, leading to Fannie and Freddie abuses, than Barney Frank and no one did more to block steps to avoid the collapse of the economy caused as a result of Fannie and Freddie's monstrous corruption, than Frank.

Now he's done a 180. Barney Frank has told Larry Kudlow, Fannie and Freddie should be abolished.

________Contrast Barney Frank-Then With Now________

See Barney Frank as early as 2004, praising the success of the sub-prime mess, as fellow Democrats ignore warnings by a federal regulator, even attacking the regulator as he warned the House Banking Commitee (Frank was the Ranking Democrat) as to what appeared to be a coming disaster, which is exactly what we got.

If you go to YouTube and search for Barney Frank, it is easy to find his videos including the one mentioned above. Frank is shown resisting attempts to rein in the whole sub-prime mess, while declaring its huge success, and subtly suggesting the callousness of Republicans. Frank's Democrat underlings, Maxine Waters, Gregory Meeks, Lacy Clay, Arthur Davis cast all kinds of aspersions at the federal regulator.

2003-2006 Republican Congress Vs 2007-2010 Democrat Congress
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Mick McNesby is a former tax adviser, consultant and negotiator. He was a frequent guest on political talk shows in Atlantic City, N.J., discussing the benefits of the lower cost of government. To read the excerpt for his ebook--NEW VOTERS: 10 Political Eye-Openers Crucial To Your Future in 60 Pages--due out in mid to late October, 2012, visit: http://mickmcnesby.com

Thursday, November 15, 2012

Paintless Dent Repair: Myths and Facts About Car Dent Repair and Insurance

The long arm of car repair insurance doesn't stop at extended warranties or tire road hazard insurance. Marketing gurus have found all sorts of knick knacks to insure. Among the top are ding and dent protection plans. Ding and dent insurance is growing steadily, and addresses those unsightly shopping cart and parking lot dings.

Dings and dents are fairly synonymous terms, although a ding is smaller than a dent. You'll notice a dent. You'll need to squint, or catch the vehicle in the right angle or sunlight to see a ding. Some dings are smaller than eraser heads.

Like extended warranties or tire insurance, dent and ding protection plans promise to pay for damages in part or in full for a specific period of time. These plans are primarily sold by new car dealerships and cost a few hundred dollars.

Paintless Dent Repair: Myths and Facts About Car Dent Repair and Insurance

Ding and Dent Repair: Paintless Dent Repair

Ding and dent repair is called PDR, short for Paintless Dent Repair. There are many companies that perform this service: Ding Doctor, Ding King, No Dents, Dent Wizard...the list goes on. Some are better then others, although ultimately it's up to the skill of the PDR technician. Prices are similar.

How is it done?

Most PDR techniques are non-intrusive. The PDR technicians use specially designed tools and gadgets to slip behind the damaged panels and manipulate and massage the damaged metal back to its original form.

Does it work?

Actually, it's incredible! It works so well that in the majority of cases the dings and dents are completely removed. They're invisible, gone, can't-believe-your-eyes fixed.

I saw a soccer-ball-sized dent removed from the rear fender of a 0,000 car. The dent also had a large crease, which makes repairs even harder. After thirty minutes there was no visible detection that a dent was ever there. The repair cost the client 0. Traditional body shop estimates were hovering at 00.

PDR positives

Very low cost compared to traditional body shops Same day repairs--even while-you-wait service No paint work, sanding, or traditional bodywork required Original paint remains--helps retain vehicles looks and value Body panels remain intact--maintaining structural integrity
PDR negatives

PDR does not address scratches or paint chips that are often associated with dings (Many PDR companies will address chips and scratches, but it's not PDR technology) Many areas of body panels are not accessible, so PDR is not an option Plastic bumpers or any plastic components can't be fixed with PDR techniques. Since the bumper is the most common area to get damaged, this is a significant downside of PDR technology. Some damage can occur to door panels, paint, interiors, window glass and hardware, although damage of any kind is rare.
Do you need PDR insurance?

God, no!

Should you get your dings fixed using PDR techniques?

Hell, yes!

Let me explain...

Insuring against dings and dents does not make economic sense. Ding repairs average around per ding. Some dings cost to 9 to repair. Two to four dings can run 0 to 0, depending on the size of the dent. Insurance at this level is just not necessary. Moreover, it's a gamble you will lose.

To benefit from a 0, two-year plan, your vehicle would need to sustain multiple "PDR repairable" dings or dents. Despite your coverage, you may not even notice the dings, making a claim impossible. Also, despite the amazing PDR techniques, they can't fix everything, especially the chips and scratches that so frequently accompany a ding--should dings even occur.

Yes, get your dings fixed with PDR (if they're bothering you), but don't buy an insurance plan.

Protection plan economics 101

An article by Terence O'Hara in the Washington Post is a wonderful piece on the insanity of protection plans, and is applicable here. He writes:

The decision to buy an extended warranty...defies the recommendations of economists, consumer advocates and product quality experts, who all warn that the plans rarely benefit consumers and are nearly always a waste of money.

'[Extended warranties and protection plans] make no rational sense,' Harvard economist David Cutler said. 'The implied probability [of an issue] has to be substantially greater than the risk that you can't afford to fix it or replace it. If you're buying a 0 item, for the overwhelming number of consumers that level of spending is not a risk you need to insure under any circumstances.'

...extended warranties play upon a basic human trait to avoid loss, even if it means sacrificing a possible future gain. In this case, the gain is all the other things of value that a consumer could buy with the money that was spent on a warranty

Fix your dings

Fix your dings and dents (if you want) as they come--maybe every spring. Fixing dings keeps your car looking pristine, and increases its value. But don't bother with a protection plan. Save your money.

Hold off on that paint job

Quality paintless dent repair is often a great substitute for those considering full paint jobs. Whenever possible, it's best to keep the original paint. Good PDR combined with a professional detail can restore vehicles to show room condition for less than 0.

Go with the best

Since 1983 Dent Wizard has been pioneering PDR technology. Their PDR technicians undergo extensive and ongoing training. The rates are reasonable and the quality is excellent. Always request a master PDR technician, as there are various levels of abilities.

Check with local dealers

Dealerships in your area may offer Dent Wizard. Your vehicle does not have to be of the same make as the dealership. In other words, you can bring your Chevy to a Ford dealer for PDR work.

Myths

Do it yourself paintless dent repair is easy.

No it 's not. It requires training, skill, and experience. There are many who practice PDR techniques who crack or flake the paint, or who create ripples in the metal.

The PDR products sold on TV do the same thing.

No! Not even close. There's no good substitute for the art of PDR.

Scratch and dent repair are the same thing.

No. A ding is a small dent, which can often be repaired via paintless dent repair procedures. A scratch is an actual break in the surface of the clear coat or paint, requiring traditional body shop techniques, or touch up paint.

It's easy to learn how to repair dents on cars.

Maybe for some, but it's a skill that few master. Dent Wizard offers a great training program. The management and staff are top notch.

What's the best car dent removing protection plan?

Money in your bank account!

Paintless Dent Repair: Myths and Facts About Car Dent Repair and Insurance
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RepairTrust
Making Sense of Car Repair Prices

Ted holds extensive certifications from Mercedes-Benz, Toyota, GM, and ASE. Over a twenty-year period in the automotive service industry, he has served as a technician, shop foreman, shop manager, shop owner, service advisor, service manager, and service industry consultant. He is the author of eight books and numerous articles on the automotive service industry.

Other Works by Ted Olson Include: ARREST the Automotive Service Industry! Maintenance Myths: A Step-by-Step Guide to STOP Getting Ripped Off! Auto Repair: The Shocking Truth About Who's Ripping You Off and Why! Automotive Service Pricing Strategies—a fair pricing guide for service centers Being the Best—a comprehensive customer service handbook for service advisors Service Center Personnel—an auto repair informational for general service staff Service Mission Statement—a philosophical proposal to improve customer service

Monday, November 12, 2012

Basic Differences of APA and MLA Formats

Citing your paper in Modern Language Association (MLA) or American Psychological Association (APA) formats depend mostly on the subject you are writing on. Mainly, APA style citations are used to cite writings that have a social science focus: Psychology, Business, the Social Sciences, Economics, Medicine, and Criminal Justice and Law. On the other hand, MLA style citations are used to cite writings that have humanities focus: Literature, Mass Communications, Media Studies, etc.

Basic APA/MLA Differences

1. A paper written in MLA format has the author's name and page number displayed in the top right corner of each page. In APA format, the first few words, usually the first three, of the title with the page number runs on the top, right corner of each page.

Basic Differences of APA and MLA Formats

2. In a MLA formatted paper, the author's name, both first and last name, is spelled out on the bibliography page. In APA, only the last name of the author is spelled out while the first name is an initial.

3. The in-text citation is slightly different. In MLA, the last name of the author and the page number from which the reference was taken is displayed. In APA, the last name and the year of publication are displayed (separated by a comma).

4. The title in MLA and APA style formats has differences in its capitalization. In APA, only the first word of the title is capitalized and in italics. In MLA, all the major words of the title are capitalized.

5. In an MLA formatted paper, there is no abstract required. APA formatted papers does require an abstract.

6. The source page that list the bibliography information is called "Works Cited" in MLA and "References" in APA format. The source page should be the last page of the paper. "Works Cited" and "References" must be centered in both formats.

The differences between MLA and APA citation formats are minor. But writing in either format will ensure that papers are properly cited and the author's chances of plagiarizing are reduced. There are several websites available, via the popular search engines, which give detailed requirements for both APA and MLA style formats.

Over the years, many changes have been made to both formats. When searching for format samples, you must be aware of outdated versions. I have found that by looking for the "Last Updated" dates on web pages, you can reduce your chances of following a version that has been outdated for several years.

Basic Differences of APA and MLA Formats
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Jimmy Walker is the founder of CitePlanet.com [http://www.citeplanet.com], an online database of quality citations from books, periodicals, and electronic sources. Post samples of your work on CitePlanet!

Tuesday, November 6, 2012

Read Any Good Economics Books Lately?

Okay, so the other day a good friend of my at our Think Tank asks me if I had read any good economic books lately, not a question anyone would generally ask, after all, why would anyone go out of their way to read an economics book? Well, I am one, and the book I recommended to him, is one I would also recommend to you:

"Econopower: How a New Generation of Economists is Transforming the World" by Mark Skousen; Published by John Wiley and Son, Hoboken, NJ; 2008.

This book demonstrates how everything we see, buy, own, do and dream of is indeed governed by economics. Our decisions, our religions, or politics, is all about economics. Education, science, history, law and finance, he show evidence of the reality that economics is the way we do, whether it is about the individual, the leaders, societal changes or the movement of America at a national level. Even more interesting is the fact as the author shows that the US is exporting these ideas, the same ideas initiated by Adam Smith.

Read Any Good Economics Books Lately?

Health Care, Education and even crime all are governed by economic theory in one way or another, perhaps even without reading this book you can understand the similarities through a little thought and understanding. This author takes that and develops it into a deep and interesting researchical study of all we are, all we have built and all we think that we know.

And just to let you know this author is no dummy, he formerly was an analyst for the CIA, wrote for Forbes Magazine, past President of the FEE (foundation for economic education), he also has a PhD in economics from George Washington University. The man has credentials and the information in the book and the thinking and philosophy is extremely interesting and worthy. I recommend this book to anyone.

Read Any Good Economics Books Lately?
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"Lance Winslow" - Lance Winslow's Bio. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/.