Saturday, 10 December 2011

Vice Premier urges proper settlement of China-US economic, trade disputes

Vice Premier urges proper settlement of China-US economic, trade disputes:

Chinese Vice Premier Li Keqiang meets with Henry Paulson, former Treasury Secretary of the United States, in Beijing, capital of China, Dec.



All the posts are provided by me and any comments l provide are my own view of the markets and are not the views of the article writer and or news provider.

Thursday, 8 December 2011

By the Numbers: $4.2 Billion

By the Numbers: $4.2 Billion:



$.4.2 billion


Payday loans, sometimes called cash-advance loans or check-advance loans offer borrowers short‐term funds at very high interest rates that are not always clearly disclosed. On average, payday lenders charge fees of roughly $16 for a $100 two‐week loan. If borrowers miss payments, fees can begin to accumulate, resulting in extremely high total payments. Payday loan borrowers are paying nearly $4.2 billion in fees annually, according to some studies.



Even when rates and penalties are disclosed, borrowers in desperate need of cash may agree to disadvantageous loan terms. Many times, these borrowers’ financial resources have already been depleted by an emergency, sustained unemployment, or illness. Relying on payday loans to make ends meet can create a debt‐and‐fee‐spiral that some people may find extremely difficult to exit.



The Consumer Financial Protection Bureau was established to provide federal supervision and oversight over a full range of financial service providers that consumers rely on--from banks and credit unions, to payday lenders and independent mortgage brokers. President Obama has nominated Richard Cordray to head the CFPB, and the Senate will vote on his confirmation this week. Having a director in place will allow the Bureau to protect consumers from unfair, deceptive, or abusive practices from providers like those that issue payday loans.  



This is our opinion and feelings about the the posts added to this blog by ourselves and writers who have asked to write on our blog network and does not necessarily represent our agreement or disagreement with the writers concerned.Please add #AceHealthNews to your tweets and follow us on twitter at http://twitter.com/AceFinanceNews helping to provide good debt management services. Thank you, Ian

Tuesday, 18 October 2011

My Personal Overview Of The Economic Outlook


My Personal Overview Of The Economic Outlook - Part One

As more of the global down turn in peoples expectations take their toll on the economic forecasts that are being prof ligated on a daily basis, peoples hope is turning to doubt. The reasons seem simple on the surface but dig deeper and a more ingrained purpose is high lighted.

Firstly we are told that by recapitalization of our banks we can provide an even keel for our global economies but when have you heard anyone let alone a banker say l will provide money to bailout another person, company or country and not want anything back in return. Is that " NEVER " l hear you say well greed will not enable any bank to help to bail out another too many hidden agendas too much l am alright Jack and dam the rest, not on the surface of course but deeply ingrained within our way of living our everyday lives.

We hear the saying " A Leopard Cannot Change Their Spots " well it was and is the ideal saying for all the bankers whether big or small and this leopard is not willing to change even to save itself and its spots one day will engulf the whole world.

My words of comfort are few - listen not to the bankers or too the governments rhetoric as they tell us they care about our futures, as they do not know how to care about themselves, witness the UK fuel crisis of rising bills over profits for themselves and their cronies.

The only person who cares is the one who says here take this l do not need it and when asked if they want payment say l have enough and you had less than me. You will find these people are very few and they are well hidden as they want no reward.

Ian Draper [Editor]  



All the posts are provided by me and any comments l provide are my own view of the markets and are not the views of the article writer and or news provider.

Threat of downturn derails housing recovery: Fannie Mae

Threat of downturn derails housing recovery: Fannie Mae:

The threat of another economic downturn is stalling a housing recovery, Fannie Mae said in a report Monday.

The economy remains in a fragile state and is highly susceptible to additional shocks that could further erode economic growth, according to a study provided by the government-sponsored enterprise's Economics & Mortgage Market Analysis group.
Fannie pointed to a rapid downturn in the economy, as one of the major factors.

All the posts are provided by me and any comments l provide are my own view of the markets and are not the views of the article writer and or news provider.

Monday Morning Cup of Coffee

Monday Morning Cup of Coffee: A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
Any new mortgage refinancing plan designed by the government is likely to be limited in scope and not as large as originally anticipated, Barclays Capital analysts said.
Barclays does not forecast a blanket extension of the federal Home Affordable Refinance Program, [...]

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All the posts are provided by me and any comments l provide are my own view of the markets and are not the views of the article writer and or news provider.

Economic census could get reprieve

Economic census could get reprieve: Action taken by the Senate may save one of the most important economic reports in the nation from the chopping block.

The 2012 economic census, which was at risk of being eliminated after the House of Representatives sliced the Census Bureau's funding 25% two months ago, could be retained after the U.S. Senate Committee on Appropriations [...]

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Saturday, 1 October 2011

Simple Technologies Can Improve The Lives Of Millions In Developing World, Say Global Health Leaders

Simple Technologies Can Improve The Lives Of Millions In Developing World, Say Global Health Leaders: Delivering babies in the dark, breathing toxic smoke in the kitchen and walking miles to fetch water -- not to mention boiling every drop before its potable. These are the daily realities for many people in developing nations, particularly the poorest of the poor in rural communities.



But a handful of non-profits are launching innovative approaches to deliver simple, life-changing technologies to this "last mile." Kopernik, an online technology marketplace co-founded by Toshi Nakamura, was among the efforts spotlighted at last week's annual meeting of the Clinton Global Initiative in New York City.



The Kopernik website offers a menu of around 50 solutions -- from solar-powered lamps and biomass cooking stoves to rolling water drums and drip irrigation systems -- that are manufactured by companies from around the world and then sold at minimal cost to end-users. The product list is connected to on-the-ground organizations, which can choose those items most appropriate to their community's specific needs. Projects are crowd-funded through the website, and once necessary funds are collected, the merchandise is delivered directly to the local groups, which are typically run by women. The women distribute the items within their village network and often sell the subsidized goods to neighboring communities as well -- in a fashion similar to American Tupperware or Avon parties.



"There's big money getting pumped in, but it is not always reaching the people," Nakamura told The Huffington Post. "The aid industry is made up of a bunch of diplomats and bureaucrats that tend to recycle the same ideas over and over again without taking risks."



"We're trying to counterbalance that," he said.



On a panel last Thursday at CGI, Nakamura, formerly of the United Nations and who now runs his non-profit out of Bali, told the story of an Indonesian woman who sold 50 water purifiers in two weeks. The woman, who previously lived on less than a dollar a day, took home $60 in commission. And in the process, she saved the time and health of many more women and their families.



"In our culture, women believe that boiling water is the best way of purifying it," Betty Kyazike, a branch manager for Living Goods, said during another CGI panel discussion. "But they don't always boil it up to boiling point, so it's not safe for drinking."



Even if they properly cook off the cholera and other pathogens, the water rarely tastes good, said Kyazike, who proudly declared that she currently leads the the top-performing branch of an Avon-like network of health promoters. In addition to distributing products, Living Goods also provides education -- from the proper use of water filters to the importance of hand-washing in disease prevention.



Women's water troubles don't stop with pathogens, however. Lugging the water from the well can be a major drain of time and energy, added Keith Weed, chief marketing and communications officer for Unilever, a multinational consumer goods company.



"I actually did this walk in the heat with a lady in South Africa," said Weed, also on Kyazike's panel. "With the weight of the vessel on the way back, I was a complete wimp and had a backache by the end of it."



Kopernik's menu supplies another answer: a 13-gallon donut-shaped plastic container that can be easily rolled with a rope to and from the well.



Water conservation can also limit such trips, said Weed. Teaching women to recycle the three or four buckets of water typically used for a load of laundry onto their vegetable garden, for example, could further improve their quality of life.



Indoor air is yet another source of significant concern. Millions of women in the developing world still cook with firewood. This practice, which involves gathering and chopping the increasingly scarce resource, is another time and energy sink that keeps women and girls from more productive activities, like going to school. And cooking over an open flame or with a traditional cook stove means inhaling thick, toxic black smoke, noted Neil Bellefeuille, chief executive officer of The Paradigm Project, which aims to leverage carbon markets on behalf of the poor.



Associated respiratory illnesses are a pandemic in the developing world: Every year, an estimated two million people die from breathing smoke created by cooking fires, which is more than die from malaria, noted Isobel Coleman of the Council on Foreign Relations in a HuffPost blog.



"This is a large issue, and it remains mostly under the radar," said Bellefeuille, a member of Nakamura's CGI panel and whose company sells clean cook stoves. "It's literally like having a campfire in the living room."



A biomass stove sold through Kopernik is 80 percent more efficient than one that burns firewood, while producing minimal smoke and carbon dioxide. Since the charcoal fuel can be created with everything from corn husks to coconut shells, it also reduces the burden on trees and therefore the pace of deforestation.



Also contributing to toxic indoor air pollution is kerosene. Without access to electricity, many populations in the developing world rely on costly and dirty kerosene lamps. Solar lights, offered through Kopernik, provide a cheaper, cleaner light source. In many rural villages, these now allow families to be more productive and babies to be delivered safely at night.



"The quality of light is good, so we can see the condition of the mother, and if there's any bleeding, we're able to see it," says a midwife in Oecusse, East Timor, in a video created by Kopernik.



What's more, with the solar devices, a family's monthly lighting costs drop from an average of $14 to less than a dollar.



"This is really simple stuff," said Nakamura.

This is our opinion and feelings about the the posts added to this blog by ourselves and writers who have asked to write on our blog network and does not necessarily represent our agreement or disagreement with the writers concerned.Please add #AceHealthNews to your tweets and follow us on twitter at http://twitter.com/AceHealthNews and quality healthcare. Thank you, Ian