Business and Investing

Posted on Friday, 9th December 2011 by Jesse Walker

Flood insurance denotes the specific insurance coverage against property loss from flooding. The protection offered by most policy covers losses incurred due to some failure at the home itself. However, Flood insurance indemnifies the insured for the loss of property that occurs specifically due to overflowing water bodies or flood. Flood insurance is specifically needed for properties situated in flood-prone areas.

Shubhodeep, a civil engineer by profession, led a very happy life in Orissa, with a beautiful life and two adorable kids. All in all after buying his own house, he thought he had everything that a humble man like himself would want. Unfortunately, nature had other plans for him. A devastating hurricane hit Orissa, flooding the area that he used to live in and Shubhodeep had to evacuate the house. In an instant he had lost his house that he had strove hard for and his beautiful life crumbled around him.

This is a situation that anyone of us who stay in area receiving heavy rainfalls might face.

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Posted on Thursday, 8th December 2011 by James Martin

You can see the image below of a scam message sent in the name of the Better Business Bureau.

Its another phishing scam but one that slipped through many spam filters.

It purports to be from the Better Business Bureau website but has a non specific reply address manager@bbb.org.

It arrives unsolicited to businesses who do not even use the BBB services.

And it arrives addressed generically to Sirs.

When called the phone number was disconnected early in the day and had a recorded message warning against this email later in the day warning against clicking the link or opening attachments.

The Better Business Bureau does try to resolve disputes between consumers and businesses, but only contacts businesses with a prior relationship.

Tags: Better Business, Better Business Bureau, Bureau, Business Bureau
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Posted on Tuesday, 6th December 2011 by Jesse Walker

Business partnerships provide a means by which business partners pool in their resources and skills to create a successful business venture. Business partnerships have several benefits. It is considered as a valuable asset. Partnerships can be transferred to heirs and other people. The transference of partnership is usually limited by the terms and conditions of the partnership agreement.
 
Business owners often tend to commit mistakes while forming partnership. These fatal mistakes can hamper the chances of growth and progress of your small business. Here are few common mistakes made by entrepreneurs while forming business partnership:

Not Signing a Partnership Agreement: Small business owners often tend to form business partnerships with friends, family members and acquaintances without any written agreement. This can lead to problems and stained relationships in future. It is preferable to sign a written agreement before entering  into business partnership. T Read more…

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Posted on Sunday, 4th December 2011 by Jesse Walker

STEELMAKER Tata has ceased production at its hot strip mill in Newport, in a move that will result in 115 job losses.

It said it expected the mill at Llanwern to remain mothballed until the UK economy and steel demand justify a restart.

The Indian-owned steel maker said in the meantime the market will be supplied with material from its other hot strip mill in Port Talbot, whose costs are lower.

The Llanwern cold rolling mill and’ galvanising line will continue in operation.

Jon Ferriman, Hub Director for the Strip Products UK hub based at Port Talbot and Llanwern, said: “It is with great regret that we have had to make this decision. I would like to pay tribute to those valuable people who have helped us make the flexible working model a success at Llanwern. Clearly this is a very difficult time for them.

“The Llanwern Hot Rolling Mill is an important operation for us, and our intention is to bring it back into operation as soon as market conditions permit.”

The mothballing is a result of continuing poor UK steel demand amid a deteriorating European economic outlook.

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Tags: Hot Strip, Hot Strip Mill, Mill, Strip Mill
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Posted on Friday, 2nd December 2011 by Jesse Walker

WASHINGTON (AP) – A congressional panel has voted to subpoena former Sen. Jon Corzine to testify next Thursday about his role leading MF Global, a brokerage firm that collapsed this fall after a disastrous bet on European debt.

The hearing will be a rare moment in Washington. Congressional historians had to reach back to 1908, when a former senator from North Carolina was called to testify in connection with a corporate lobbying scandal, to find a similar instance of an ex-member of Congress being summoned by his former peers.

The House Agriculture Committee voted Friday to issue the subpoena after Corzine failed to reply to an informal request to appear at the hearing.

Chairman Rep. Frank Lucas, R-Okla., said his testimony is “essential to fulfill our objectives.”

Hours later the head of the Senate Agriculture Committee called for subpoenas to be issued to Corzine and other MF Global executives to appear Dec. 13 before that panel, if they dont come voluntarily.

Sen.

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Tags: Global, Mf Global
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Posted on Tuesday, 29th November 2011 by James Martin

20 groups receive $254,000 of grants

The Shasta Regional Community Foundation has approved more than $254,000 of donations from its McConnell Fund.

The money went to 20 organizations in Shasta, Siskiyou, Tehama and Modoc counties.

The groups that got money were American Trails ($3,664), FaithWORKS Community Coalition ($10,000), Junction Elementary School ($10,000), Shasta College Foundation ($10,000), Shasta County Office of Education ($4,200), Up County Seniors ($2,772), Women’s Health Specialist ($10,000), Big Springs Union Elementary School ($10,000), Butteville Elementary School ($10,000), Dunsmuir Botanical Gardens ($6,500), Jefferson Economic Development Institute ($10,000), Siskiyou Land Trust ($4,640), Family Service Agency ($3,550), Girl Scouts of Northern California ($16,000), Girls Inc. ($6,750), Red Bluff Joint Unified High School ($46,000), Richfield School ($8,300), State Theatre for the Arts ($44,400), Alturas Community Theater ($15,000); and Training, Employment & Community Help Inc.

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Posted on Sunday, 20th November 2011 by Jesse Walker

Number portability is a system that allows subscribers to leave their current mobile service provider and join a new provider.

The telecommunication regulating body, in a statement said the number is encouraging and a clear indication that the system is running smoothly. The relatively few difficulties that occurred at inception stemmed from human error or misunderstanding of the processes involved, the NCA noted.

NCAs analysis of data for the month of July shows that of the porting requests completed:

10% were completed in 15 minutes or less
23% were completed between 15 minutes and 1 hour
34% were completed between 1 and 4 hours
31% were completed between 4 and 24 hours
2% were completed in more than 24 hours

The fastest port recorded so far in Ghana took place in a mere 1 minute, 10 seconds. The average port took place in 5 hours, 21 minutes from start to finish, the statement added.

Tags: Mobile, Switched Mobile
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Posted on Friday, 18th November 2011 by Jesse Walker

“The Ansett administration sets a lamentable precedent for regulation, disclosure and insolvency generally”.

Ten years of administration for the failed airline has proven a fees bonanza, but exactly how much no one knows, writes Michael West.

Mark Korda was casually non-committal last year when asked how much his insolvency firm had earned from the collapse of Ansett Australia.

It ”could be $20 million”, he told BusinessDay. And the rest? Ansett is probably the biggest and almost certainly the most profitable insolvency in Australian corporate history.

It shot Mark Korda and his partner Mark Mentha to stardom on the liquidators scene after the two young partners of Arthur Andersen set up shop on their own and took the Ansett business with them.

Mark Mentha …

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Tags: Ansett, Ansett Accounts
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Posted on Tuesday, 15th November 2011 by James Martin

I don’t know how many of you have seen the film The Truman Show? But we’ve all wished we could live in a perfect world sometimes, where every traffic light is green and every decision goes your way. Working without effective feedback can sometimes seem like that – you complete a task or project, send it on its way into the business and move on to the next one. You presume that it went well, or was accepted, because you worked hard on it – so why wouldn’t it have been? Therefore you continue to work in the same way, follow the same processes, and produce the same results.

Of course, much of the time, projects are of the right standard and you’re right to continue to produce the same results, but sometime there is room for improvement or change. If it were the Truman Show then someone would be employed to work away in the background solving problems and smoothing your path and you’d know nothing about it. In real life,

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Posted on Wednesday, 9th November 2011 by Jesse Walker

As long as you are paying rent for an accommodation, you can claim tax benefits on the HRA component of your salary, while also availing tax benefits on your home loan. This could be the case if your own home is rented out or you work from another city etc. However, you need to account for any rental income you receive from the property you own under income from other sources.

It is the beginning of one more brand new financial year. Though the words income tax start ringing a frantic bell towards the end of every financial year, the wise planner will have things sorted out when the year begins in April. There are many tax components you need to be clear about and also figure out how to plan your investments to gain maximum returns as well as maximum tax benefits.

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Tags: Hra
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