World Bank Urges Developing Countries to Brace for Long Term Volatility

The World Bank is urging developing countries to brace for the possibility of more economic turmoil in Europe. In its Global Economic Prospects Report, the bank advises emerging market economies to strengthen fiscal positions and develop medium-term strategies to protect their economies.

Emerging market economies may have weathered the 2008 financial crisis better than more advanced countries, but the World Bank warns — it could happen again.

Senior bank economist Andrew Burns says anything is possible right now in Europe.

“Although we don’t see it as a baseline scenario, it certainly is possible that the situation in high-income Europe deteriorates significantly. And if it did, that would have very serious impacts for developing countries,” Burns said.

With borrowing costs still rising in Spain and Italy, and an upcoming Greek referendum that could forever alter the Eurozone — Burns predicts a bumpy ride.

But even with the most recent bailout in Spain – economist Peter Morici says the problems facing Greece and Spain are very different.

“Spain’s problem is one of a banking crisis. Greece’s problem is one of a government crisis,” Morici said.

Either way, Morici says the crisis has the potential to plunge the world into another recession, reducing global trade and exports dramatically.

The World Bank says developing nations need to focus on enhancing domestic productivity and boosting infrastructure development — while reducing debt.

“What we suggest is that countries take the time now to try and replenish some of those cushions, some of those buffers they used in 2008 – 2009 so successfully to recover from that crisis. Try and rebuild those now by bringing policy to a more neutral stance, reducing fiscal deficits so that they have the ammunition to respond if a crisis, a second crisis, announces itself,” Burns said.

Despite an over-abundance of caution, Burns is optimistic about a full-fledged global recovery – one led by emerging economies in Central Asia, the Middle East and Sub-Saharan Africa.

Pikavippivertailu-know The Basics Before You Apply

Anyone can get into financial crisis unexpectedly, and instead of panicking or taking help from friends or family, one should be aware of the options they have in hand. There are many lenders online, who would be more than happy to provide you with the payday loan. However, before applying for the payday loan online, make sure you do Pikavippivertailu.

It would help you get the best rate, and also ensure that you get to know which lender is the most reputed and noted in its field. This would also help you get flexible repayment terms that are suitable for your financial situation.

When you are doing Pikavippivertailu, there are several things you need to keep in mind, like the rate of interest for different amounts charged by different lenders, and the repayment terms on the loan. You should also check the experience and the authority commanded by the lender in the field. It helps in ensuring that you are dealing with the professional lending and financing company.

Taking a payday loan and paying it back on time is also helpful in increasing your credit score. If you have a poor credit, and you take payday loan and pay it back on time all the times, you can be sure that your credit score has drastically improved over a period of time.

There are many lenders who are operating online, but if you are looking for payday loans, it is better that you do Pikavippivertailu before applying. It might be a little time consuming, but it is not difficult to get payday loans at a low rate of interest. You would have to do a bit of research, and if possible even do a bit of negotiation with the lenders to land on the best rate of interest that suits your budget.

Ideally, payday loans come with high rate of interest, because lenders give this loan even to people with bad credit. These loans are for short duration only and are of small amounts. So, if you are taking this loan, make sure that you plan your repayment beforehand. In the otherwise case, the rate of interest would prove to be a burden on you.

Doing Pikavippivertailu would help you compare between different lenders and the rate of interest charged by different lenders on the payday loan they provide. If you are looking for payday loans, make sure that you do rigorous search online and then only apply for it. You would be surprised how easy it is to get it, and get over the financial crisis you are facing currently.

Financial Advisor – Decide Your Danger Tolerance

Each individual has a risk tolerance that shouldn’t be ignored. Any good stock broker or financial planner knows this, and they need to make an effort to help you decide what your danger tolerance is. Then, they should work with you to search out investments that don’t exceed your threat tolerance.

Determining one’s risk tolerance involves several totally different things. First, it is advisable understand how much money you must invest, and what your investment and financial targets are.

As an illustration, if you happen to plan to retire in ten years, and you’ve not saved a single penny in the direction of that finish, you must have a excessive danger tolerance – because you will want to do some aggressive – risky – investing with a view to attain your financial goal.

On the opposite facet of the coin, if you are in your early twenties and also you wish to begin investing to your retirement, your threat tolerance will be low. You can afford to look at your money develop slowly over time.

Realize of course, that your need for a high threat tolerance or your want for a low risk tolerance really has no bearing on how you are feeling about risk. Again, there is a lot in figuring out your tolerance.

As an example, should you invested in the stock market and you watched the movement of that stock daily and noticed that it was dropping barely, what would you do?

Would you promote out or would you let your money trip? You probably have a low tolerance for risk, you would wish to sell out… you probably have a excessive tolerance, you would let your money ride and see what happens. This is not based mostly on what your financial objectives are. This tolerance is predicated on how you feel about your money!

Again, an excellent financial planner or stock dealer should aid you determine the extent of danger that you’re comfortable with, and enable you to choose your investments accordingly.

Your danger tolerance needs to be based mostly on what your financial targets are and the way you’re feeling about the possibility of shedding your money. It’s all tied in together.

Ethics In Business And Accounting Decisions

Depending on the type of business, the facts and circumstances surrounding accounting decisions may not always make them clear cut, and yet the decision may determine whether the company shows a profit or a loss in a particular period! What are the factors that influence business and accounting decisions, and how should these factors be weighed? Generally, three factors influence business and accounting decisions:

The economic factor states that the decision being made should maximize the economic benefits to the decision maker. Based on most economic theory, every rational person faced with a decision will choose the course of action that maximizes his or her own welfare, without regard to how that decision impacts others. In summary, the combined outcome of each person acting in his or her own self-interest will maximize the benefits to society as a whole.

The legal factor is based on the proposition that free societies are governed by laws. Laws are written to provide clarity and to prevent abuse of the rights of Individuals or society. Democratically enacted laws both contain and express society’s collective moral standards. Legal analysis involves applying the relevant laws to each decision, and then choosing the action that complies with those laws. A complicating factor for a global business may be that what is legal in one country might not be legal in another. In that case, it is usually best to abide by the laws of the most restrictive country.

The ethical factor recognizes that while certain actions might be both economically profitable and legal, they may still not be right. Therefore, most companies, and many individuals, have established standards for themselves to enforce a higher level of conduct than that imposed by law. These standards govern how we treat others and the way we restrain our selfish desires. This behavior and its underlying beliefs are the essence of ethics. Ethics are shaped by our cultural, socioeconomic, and religious backgrounds. An ethical analysis’s needed to guide judgment for making decisions.

The decision rule in an ethical analysis is to choose the action that fulfills ethical duties responsibilities of the members of society to each other. The challenge in an ethical analysis is to identify specific ethical duties and stakeholders to whom you. Owe these duties. As with legal issues, a complicating factor in making global ethical decisions may be that what is considered ethical in one country is not considered ethical in another. Ethical training starts at home and continues throughout our lives. It is reinforced by the teaching that we receive in our church, synagogue, or mosque; the schools we attend; and by the persons and companies we associate with. A thorough understanding of ethics requires more study than we can accomplish in this book. However, remember that, when making accounting decisions, do not check your ethics at the door.

Classof1.com Help on Homework

Peru, The New Colombia

Every year many thousands of people from all over the world travel to Peru to visit such spectacles as Machu Picchu, Chan Chan or the Nazca Lines, and yet they arent aware of another Peruvian marvel: coffee.

The coffee awarded as the best special coffee in the world in 2010 by the SCAA (Specialty Coffee Association of America) did not come from caffeine-famed Colombia, but rather from Peru. The coffee, called Tunki Coffee, comes from a small plot of land in Tunkimayo, a previously unheard of village in the province of Sandia, roughly 21 hours from Juliaca (near Puno, which is famous for being on the shore of Lake Titicaca).

The owner of the roughly seven and a half acres responsible for this glorious coffee is Wilson Sucaticona, a 40 year-old man of modest economic conditions and a father of three. Additionally, the farm producing Tunki Coffee is certified organic, Mr. Sucaticona is a member of the Rainforest Alliance, and he also abides by all international Fair Trade regulations.

In case you were wondering, the title of best special coffee in the world is not an easy one to come by; Tunki Coffee beat 139 other samples of coffee from some of the worlds most famous coffee producing countries, such as Colombia, Panama, Kenya, and Indonesia. In a two day taste test conducted by 30 world-renowned coffee judges, the coffee that was determined to have best united good acidity, good body, and a floral aroma was none other than the humble newcomer, Tunki Coffee, which only one year prior had won the national best coffee competition.

If you like a good cup of Joe, but youd like to try the best, you can expect to pay a pretty penny. Tunki Coffee is currently exported to the United States and the UK, and goes at around $1,000 the quintal (46 kg.) stateside, which comes to nearly $10 a pound (not including the costs of getting it to the store shelf or coffee shop). You may not be ready for such luxury in these times of financial trouble, which could be all the more reason to come to Peru where the worlds best coffee can be had for less than a dollar a cup!

Shrimp And Grits The History And Recipes

For generations, eating shrimp and grits is commonplace for people living in the Charleston, South Carolina area. Shrimp and grits is the typical breakfast for many of the Charleston area fishermen during the shrimping period, which ordinarily runs from May through December.
Grits, often served as side dish for breakfast or dinner, can also be the main course, with milk and butter. The corn-based meal has become a staple offering in diners as well as reputable restaurants for the past few years. The popular cuisine of coarse corn grains has been embellished, made over and given a new twist in a variety of ways as chefs try to make a new variation on the basic shrimp and grits recipe.
You might wonder what grits are made of. Grits, previously called ‘hominy’ is ground up corn that has been mashed, and this originated with the Native Americans from the Carolina region. Grits were used a way for Native Americans and white people to communicate in the latter part of the 16th and the beginning of the 17th centuries before people learned how to speak the same language. An important event happened in 1584, when Native Americans gave some of their grits to Sir Walter Raleigh, as well as the people who came to live in Jamestown, Virginia a few years later.
The settlers were guided in their agricultural pursuits regarding corn by the Native Americans, who were well versed in that area. Several items soon became basic food sources for the colonials, including corn and the grits produced from it. These items had been a normal part of the Native American diet for a long time.
Centuries later, in 1976, grits was declared the official state food of South Carolina, and noted for its vital contribution to the culture and the economy of South Carolina, as well as to the sustenance of the people living there. The region stretching from the Carolinas to Louisiana is now referred to as America’s ‘Grits Belt’.
To many people living in this region, a day without grits is like a day without sunshine. They hate and have no respect for pre-packaged instant grits, or quick grits. For them the only way to make real grits is the old fashioned way with stone ground grits cooked slowly. There are, however, some ways to spice up the meal such as adding shrimp. Many recipes for shrimp and grits can be found online or in regional recipe books.

Credible US Educational Financial Solutions Reviews on Making Do with Leftover 529 Money

The 529 Plan is one of the options parents have to bankroll their childrens college education. Saving up for college should begin years in advance and the balance grows by a certain percentage every year, tax-free (especially for state-sponsored plans). There might be one slight problem though what if your child decides against going to university, and has, instead opted to take elective units in community college, or has chosen to work soon after graduating from high school.

So you have all that money ready for spending; it can be bewildering to have saved so much through the years and find out the funds will not be tapped after all. You had hoped your pride and joy would enter one of the top schools, with annual tuition fees topping several tens of thousands of dollars a year. How do you put that money to good use, if it cant be used anymore for the purpose it was originally meant for? Accurate US Educational Financial solutions reviews can give you ideas on how to husband the sudden cash trove in the 529 account.

A part of you might think about withdrawing the money right away. Running the numbers with your financial adviser can raise some red flags. For one thing, you will be forced to pay a corresponding federal and state income tax according to the beneficiarys tax bracket. Account for a 10% penalty on a non-qualified withdrawals earnings, plus additional state charges, if you take the withdrawal option. However, if your child landed a scholarship, you can still withdraw up to the scholarships value without penalties.

If your child opts not to use the 529 account at all, your finance specialist can recommend changing the beneficiary to a sibling or a first cousin. No taxes will be imposed when this happens. When you change the beneficiary to another generation like your grandchild, a gift tax liability will be imposed on the original beneficiary.

Some financial experts may suggest keeping tabs on the accounts balance and the investments they are used on. However, you can consider a switch of plan if the performance is found wanting.

The money that has been sitting in the 529 account can be considered as a special fund for future purposes. Consult with some financial wellness service, such as the US Educational Financial Solutions Reviews to help you weigh your options. Read up at savingforcollege.com/questions-answers/article.php?article_id=21.

Hendren Global Group Top Facts Tips for Developing Countries with Economic Woes

As a result of the recent devastation caused by Typhoon Glenda in Southern Luzon, Philippines, consumers now face a shortage of the supply for basic goods such as chicken, vegetables, fruits. Still reeling from Super-Typhoon Yolanda in 2013, the strongest typhoon that has hit in a century or so, the country enjoys one of the highest rates of growth although it continues to experience insufficient rice harvest and plans to import rice from neighboring countries like Thailand and Vietnam.

For a country that yearly experiences havoc caused by tropical cyclones and other natural calamities, economic development must constantly take into account the effects of natural forces on the livelihood of people. Farmers may lose all the months of hard work through planting and caring for crops in a single day of strong cyclonic winds or flooding caused by incessant monsoon rains which can last for more than a week.

In spite of this reality, the government has not completely adapted to the cyclical changes in climatic patterns but instead continues to depend upon old economic policies and strategies that fail to address the fundamental problems.

Yet there are a few steps any government can implement to minimize the effects of natural calamities and to prepare the people and make them more capable of recovering in a shorter period. Let us look at these tips or principles:

1. Doing away with unsustainable farming techniques

Dependence on too much use of NPK (nitrogen-phosphate-potassium) fertilizer has led to leeching of the soil in many countries which followed the western agricultural paradigm after the last world war. More modern and scientific farming approaches which replenish all of the essential minerals in an organic manner will provide a more sustainable and healthier source of nutrition for humans.

It has been found that NPK fertilizer requires a higher investment than the more organic approach now more popularly referred to as nutritional or trophobiotic farming. The latter allows farmers and small gardeners to recover more readily from stresses experienced by plants during typhoons, floods and pest infestations.

2. Reviving the Green Revolution

Encouraging more people to go into container or backyard gardening and home livestock- raising will sustain a significant portion of their vegetable and meat supply domestically with even more healthful options compared to commercial alternatives. This will also do away with the high prices of such basic goods due to middle-men and transportation cost-add-ons.

Home-based gardens and small farms are also less prone to be affected by natural calamities as they can be housed in green houses or be planted in plastic bags and recylcled containers which can be raised during floods or moved to safer areas during storms.

3. Empowering the landless and the far-flung villages

People who have no land can still have the opportunity to establish cooperatives with others and lease or buy small farms which can compete with big farm corporations with their organically-grown produce. They can also establish links with like-minded business-people who need their products to address the problem of transporting goods.

How To Tell If You Have Bruxism

The American Dental Associations has come out and stated that cases of bruxism/teeth grinding has risen to over half the population of the United States in recent years. One can understand how this rise has happened with all the stress that people are feeling from the tough economic situations that they have to live through every day.

Of course, it is difficult to say that this amount is a reality as it is hard to tell if you do have a problem, especially when sleeping. There are a few things that you can do to check if you have a bruxism issue, though, and that is what will be discussed here.

The first thing you can do to see if you have bruxism is to find a willing partner to monitor your sleeping habits. This doesnt mean that your husband or wife needs to stay up all night, drinking coffee and watching you closely to see if you are grinding your teeth.

What it does mean is your partner should make notes on whether or not they notice you grinding your teeth while you are asleep. If your partner notices that you are starting to grind your teeth, then they can simply pay attention to how long you are grinding them, and how hard you seem to be grinding your teeth.

Another way to tell if you have bruxism is to go through the list of symptoms that are associated with this issue. One thing you will notice right off is a sore jaw when you first wake up in the morning. You might also notice that you have a headache when you first wake up, or that a couple of your teeth seem to be a bit sore.

There is also a good chance that your gums will be swollen somewhat if you were grinding your teeth exceptionally hard during the night. This is one of the only ways that you can tell if you have bruxism issues in case you do not have any one that can check on you while you are asleep at night. If you find that you do have bruxism, then you should contact your dentist, and they can point out different ways that you can ease the suffering.

Top Ten Resort Wear

Increasing travel options and access to exotic, tropical destinations has resulted in a niche market of casual, yet fashionable, resort wear apparels that invoke relaxation whilst also offering style.

Designers have been rising to the occasion by broadening their collections to include glamorous beach wear options, casual summer cover ups and chic lounge looks, even during autumn and winter seasons. The result has been an explosion of beaded kaftans, embroidered tunics, glitzy metallic bikinis, jeweled sandals, elegant tropical prints in natural, breathable fabrics, all depicting a lifestyle of relaxation, classic luxury and elegance.

This is the essence of resort wear. Clothing that is easy, yet glamorous, sexy whilst being understated, casual yet elegant, fun and flirty.

Organizing your vacation wardrobe can be trickier than you think. Limited by luggage size and weight, you have to be economic with your vacation clothing choices. Weve tried to make it easy for you with our 2007 top 10 list of resort wear must-haves to ensure that your vacation packing is a breeze.

1. A pair of lightweight, neutral tone, linen pants are essential to every vacation wardrobe and can be easily paired with a variety of tops for different looks time and again. Matched up with a brightly printed T or Kaftan they can give a sophisticated look to the most casual traveler out there.

2. A tunic cover-up for beach days, afternoons around the pool, or sun-downer cocktails at the bar.

3. A large, canvas tote handbag in a bold, tropical print will save the day when your toting beach accessories, or just mulling around local markets for a bargain or two. This season is showcasing even larger bags than last year which are just perfect for holiday shopping.

4. One well fitting bikini! Go the extra mile to find a bikini that fits to make you feel fabulous and ditch all of last years left-overs.

5. A selection of v neck, cotton ts in tropical shades are handy to throw on for coffee runs, lunch outings, or even sporting activities.

6. A flatteringly feminine skirt in a floral or botanical print that speaks to the eco consciousness of 2007 will update your wardrobe this year.

7. A pair of Bermuda shorts are easy, comfortable and a hip choice for summer casuals.

8. A pair of jeweled sandals/flip flops are casual enough for beach wear, but dressy enough to liven up casual bermudas or linens for a city outing.

9. A baby doll sundress can double up for day, or slinky evening wear if dressed up with accessories.

10. A pair of metallic, strappy heels will have you looking edgy for night time entertainment. Metallic is definitely the new black for 2007.

Resort wear is all about the fun of life. Enjoy your vacation wardrobe choices all year round and bring the sunshine into your life.