Saturday, December 18, 2010

Defining The 3 Types Of Investments #Investments #finance #money

Defining The 3 Types Of Investments 

 

 The word "investment" has become muddled with overuse. Referring to a stock or a bond as an investment is still in regular use, but now people make "investments" in their education, their cars and even their flat screen TVs. In this article, we will look at the three basic types of investment as well as some of the things that are definitely not investments - no matter what the commercial says.


The Three Types of Investment
Investment, as the dictionary defines it, is something that is purchased with money that is expected to produce income or profit. Investments can be broken into three basic groups: ownership, lending and cash equivalents.

Ownership Investments
Ownership investments are what comes to mind for most people when the word "investment" is batted around. Ownership investments are the most volatile and profitable class of investment. They include:

#Retirement #Savings #Tips For 18- To 24-Year-Olds

Retirement Savings Tips For 18- To 24-Year-Olds 

 

Saving for retirement is important at all ages. However, most individuals begin to undertake serious money management responsibilities after leaving their parents to be on their own. This is a critical period in financial planning for young adults, as their spending and savings habits help to set the financial foundation for their retirement years. In this article, we review some of the financial habits that can affect a young adult's ability to save for retirement.


Credit and Credit Rating
While using credit may not be seen as saving for retirement, it does impact an individual's ability to contribute to a retirement account and/or to take other steps toward a financially secured retirement. Improper use or abuse of credit can limit an individual's ability to save, and may result in a higher cost of living than that which would apply to someone with good credit.

#Internships: Find The #Best One For You #bechlors #masters #finance

Internships: Find The Best One For You 

 

 

In the finance world, the work experience you have when you graduate from college can make or break the start of your career. That's why landing a solid internship can be essential for starting on the right foot upon graduation. With all the options out there, how do you land the right internship? In this article, we'll give you a few tips on how to find and choose the best one for you.
Why Internships Are KingIf you're a college student interested in financial careers, you have no doubt heard an earful about internships. And while internships might just sound like a bunch of extra work for very little reward, there are some pretty good reasons to consider going after the experience. Internships offer a gateway to real-world work experience, full-time jobs and networking opportunities that would be tough to get anywhere else.

#Teaching Your #Child To Be #Financially Savvy

Teaching Your Child To Be Financially Savvy 

 

 

When it comes to money, the advice parents usually give their children goes something like this: "Money doesn't grow on trees", or "Close the door when you leave the house - we're not paying to heat the whole neighborhood". Although that parental wisdom has stood the test of time, it takes a bit more effort to teach a child sound financial management principles. (Find out what not to do in 5 Ways To Stunt A Child's Financial Growth.)

Getting Started The first step in the process is to engage the child's interest. Start with an allowance and have your child dedicate a portion of it to spending and a portion to savings. Be sure to give your child discretion on his/her spending allocation. By giving a child money and the power to make decisions regarding its disposition, you will capture the child's interest and give him/her a sense of responsibility.

5 #Financial Lessons You Must #Teach Your #Kids # finance #money

5 Financial Lessons You Must Teach Your Kids 

 

 When the topic of investing comes up, most people's thoughts jump straight to stocks and bonds. While those basic investing tools have certainly been responsible for their fair share of wealth creation, they both require an initial investment of cash. Cash, of course, must come from somewhere.  

For most of us, that "somewhere" involves getting a job. Learning about the connection between work and money is a lesson that all of us pick up somewhere along life's path. Teaching that lesson to your children is a great way to help them avoid financial pitfalls later in life. (For more, see What Are You teaching Your Kids About Money?)

How Your Tax Rate Is Determined #income #sales #general #tax

How Your Tax Rate Is Determined 

 

 

When it comes to the government and taxes, it often feels like too much is never enough. You might be surprised to learn that there is actually a measure that governments use to determine just how much they can squeeze from your wallet.
 The Laffer curve, a mound-shaped indicator, was designed to find the "ideal" tax rate that would help the government, as well as the people it serves, prosper. The idea is credited to economist Dr. Arthur Laffer, although Laffer himself notes that Muslim philosopher Ibn Khaldun wrote about it in "The Muqaddimah", a 14th-century text. Economist John Maynard Keynes also wrote about it in his economic works. In this article, we will take a general look at this economic concept and its impact on how much you lose off your check each month.

The History Of Insurance . #insurance #history

The History Of Insurance 

 

If risk is like a smoldering coal that may spark a fire at any moment, then insurance is our fire extinguisher.

Countries and their citizens need something to spread risk among large numbers of people and to move risk to entities that can handle it. This is how insurance emerged. Read on to learn about how insurance evolved and how it can work to protect you from being burned by risk.(To learn more about risk, check out Determining Risk And The Risk Pyramid, Risk And Diversification and Personalizing Risk Tolerance.)

Tutorial: Introduction To Insurance
King Hammurabi's CodeThe main concept of insurance - that of spreading risk - has been around as long as human existence. Whether it was hunting giant elk in a group to spread the risk of being the one gored to death or shipping cargo in several different caravans to avoid losing the whole shipment to a marauding tribe, people have always been wary of risk.

The first written insurance policy appeared in ancient times on a Babylonian obelisk monument with the code of King Hammurabi carved into it.  The "Hammurabi Code" was one of the first forms of written laws. These ancient laws were extreme in most respects, but it offered basic insurance in that a debtor didn't have to pay back his loans if some personal catastrophe made it impossible (disability, death, flooding, etc.).

Why Americans hate paying taxes #taxes #america #US #UK #hate

 t1larg.jpg


Why Americans hate paying taxes.

"Our Mann in America" is a weekly column discussing the big talking points in the U.S. for an international audience. Jonathan Mann is an anchor for CNN International and the host of Political Mann

(CNN) -- Nobody likes paying taxes, but American culture seems to increasingly treat taxation as a something close to a crime committed by the ruling class.
"Americans hate everything about taxation with a passion," writes historian Robin Einhorn. "No campaign promise works better than the promise to cut taxes."
This week, American lawmakers grappled with that as they voted on whether to extend sweeping tax cuts first enacted under president George W. Bush.
The country's airwaves and editorial pages have been filled with arguments for and against. The U.S. government is heavily indebted and could certainly use hundreds of billions of dollars in extra revenue. Right now, though, with the country slow to emerge from recession, letting taxpayers' spend that money themselves may be the best way to stimulate growth.
Many members of President Barack Obama's Democratic Party wanted a compromise -- keeping the tax cuts for most Americans and while re-imposing higher rates for the rich.
The politics of it touch on something primal because when America talks taxes, economics are hardly the only issue. The instinct against giving the government money is older than the country itself and has never gone away.
This week in 1773, British colonists dumped a shipload of tea into Boston Harbor to protest against tea taxes. The Boston Tea Party is remembered as one of the seminal events leading up to the American Revolution.
Today a new movement that calls itself the Tea Party is sweeping the country and threatening to take control of the Republican Party. The name evokes both the 18th century uprising and, conveniently, the acronym T.E.A. -- Taxed Enough Already.
As it so happens, U.S. taxes are light by international standards, roughly tied with Japan as the lowest among G-7 nations. A grateful citizen or observant visitor might even regard them as money well spent; Americans have excellent roads, dependable public services and most of the basic benefits of good government.
"Taxes, after all," said late president Franklin Roosevelt "are dues that we pay for the privileges of membership in an organized society."
So where does the antipathy spring from?
"Most Americans would probably agree that our hatred for taxes has something to do with a more profound aversion to government in general-an aversion with deep roots in our history," writes Einhorn, a historian at the University of California.
It's easy to see those roots in the American Revolution and the young nation's veneration of individual effort and free enterprise.
Einhorn suggests that slave-owners were particularly opposed to any government measures affecting private property. But 18th century American philosopher Henry David Thoreau is probably best remembered for refusing to pay his taxes as a form of civil disobedience against slavery. Taxes have proven to be a convenient target for just about anyone.
Even today. American authorities are still fighting a small but determined movement that argues that income taxes are illegal under the U.S. constitution. Some of its most militant members have tried low-level terrorism. Some simply end up behind bars.
Hollywood tough-guy Wesley Snipes, who starred most recently as a vampire hunter in the "Blade" film trilogy, began serving a three-year sentence this month for failing to pay $17 million in back taxes under the guidance, he said, of the tax-resistance movement.
Of course, many conservative economists and Republican leaders would say that low taxes are simply good policy and lower taxes are even better policy.
They take their cue from the late Nobel Prize winning economist Milton Friedman who argued for "cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."
Making it possible is the tough part. Conservatives are caught between their hatred of taxes and their fear of government deficits. They argue that in the U.S., both are much too high.
The only alternative would be the one that European governments are already adopting: Dramatic spending cuts. But voters don't resign themselves easily to reduced government services; civil servants don't often volunteer for pay cuts.
The tough decisions about how Washington will trim its budget are still ahead. For now, the attention has been on taxes.

 

LinkedIn (Finally) Goes Android #Linkedin #Android #Google #HTC #Facebook #Business

LinkedIn (Finally) Goes Android 

Professional networking community LinkedIn has debuted its first application for Google's Android platform.

 The new LinkedIn application for Android makes its debut just ahead of the holidays and the Consumer Electronics Show in January. The app is being offered as a public beta. In order to get it, LinkedIn users must sign into their account and then join the LinkedIn for Android Group. Once logged in and all joined up, LinkedIn will share instructions on how to download the application and install it.

According to LinkedIn, it starts off with the basics. The key features allow users to view updates from their professional connections; search for other professionals via a number of different parameters; respond to invitations to join groups or connect with other professionals; and the ability to reach out and contact LinkedIn connections.

Some of the content visible on the "Updates" homepage include your contacts' new connections, changes to their profiles, as well as content that they choose to share via LinkedIn's online tools.
For some professionals, access to LinkedIn is a vital resource. It's a great place to cull knowledge about potential clients or find out more about the professionals you meet when out of the office. LinkedIn says that the search function built into the Android app is the fastest search tool it offers. Naturally, once a user has located someone with whom they'd like to connect, the app makes it easy to reach out and initiate contact. 

LinkedIn leaves out some of the more advanced features in this beta version of the software, but notes that those features are on the way. LinkedIn said that Android app users can expect to see updated versions of the beta roll out within months, eventually adding features such as access to users' LinkedIn inbox, the ability to comment on connections' updates, as well as exploring the "people you may know" tool.
LinkedIn for Android requires devices running 2.1 Froyo and up. LinkedIn is already available for the iPhone and BlackBerries.
You can read more about LinkedIn for Android here

#Wikileaks: #Sudan's President #Bashir 'stole billions'

Wikileaks: Sudan's President Bashir 'stole billions'

 President Omar al-Bashir (file photo)

 Sudan has denied allegations that Mr Bashir stole public funds

 

Sudanese President Omar al-Bashir has been accused of siphoning off up to $9bn of his country's funds and placing it in foreign accounts, according to leaked US diplomatic cables.
Diplomats quoted the chief prosecutor of the International Criminal Court (ICC) as saying that much of the money may be stashed in London banks.
The allegations released by the Wikileaks website have been published by the Guardian newspaper.
Sudan has denied the claims.
The cables quoted ICC chief prosecutor Luis Moreno Ocampo as telling US officials that some of the funds may be held by the part-nationalised Lloyds Banking Group. He reportedly said it was time to go public with the scale of Mr Bashir's theft.

From an American's Heart ! #News #America #UK #US #


"A billionaire's money usually goes to a fund to aid another country. It doesn't help Americans like me who are desperate. I've filed bankruptcy and am losing my house because I've spent close to a year caring for my mom who has stage IV lung cancer which has spread to other organs. We can't even get the drink Ensure from the American Cancer Society because we're not in the same county. We keep the heat so low that we have to wear twice as much clothing than most. I'm sick to death of seeing and hearing how much money these filthy rich people have when my mom and I can't even stay warm. Oh, and BTW, I am an educated professional with 20+ years of experience. I'm not some loser who doesn't want to work. I have always worked!"
as commented by our anonymous visitor on the topic mentioned below, on Saturday December 11, 2010 at 09:32 PM UTC

You can also share with us, by writing in "Comments" mentioned below. Thanks.
"The purpose of this post is to appreciate our visitor's concerns and to spread there words around"
From an American's Heart.

'Ice volcano' identified on #Saturn's #moon #Titan

'Ice volcano' identified on Saturn's moon Titan

 The Rose (Nasa/USGS/UA)

 In this false colour image, greens denote volcanic material and blues are believed to be sands

 

 

Scientists think they now have the best evidence yet for an ice volcano on Titan, the largest moon of Saturn.
The Cassini probe has spotted a 1,500m-high mountain with a deep pit in it, and what looks like a flow of material on the surrounding surface.
The new feature, which has been dubbed "The Rose", was seen with the probe's radar and infrared instruments.
Titan has long been speculated to have cryovolcanoes but its hazy atmosphere makes all observations very difficult.
Researchers are now wondering how active this mountain might be, and what sort of lava it could spew.

Space laser spies for woodpeckers. #woodpeckers #Space #laser

Space laser spies for woodpeckers

 Pileated woodpecker (Alan D. Wilson/naturespicsonline.com)

 

 US scientists are developing techniques to monitor woodpeckers from space.

An Idaho University team has been using a satellite-borne laser to try to predict in which part of a State forest the birds might be living.
The instrument cannot see individual woodpeckers or trees, but it can determine the key characteristics of a woodland, like how dense it is.
Initial work has shown maps built from such data can locate areas favoured by North American pileated woodpeckers.
The scientists want to know where these birds are because they are seen as good indicators of overall bird diversity in a forest.
"They create homes for lots of other species in the forest setting," explained Dr Kerri Vierling from the university's fish and wildlife department.
"They make cavities and those cavities are then used by other species for nesting and roosting.
"Woodpeckers are very sensitive to forest characteristics, and so they're very selective about where they decide to live."
The Idaho research has been presented here in San Francisco at the American Geophysical Union (AGU) Fall Meeting, the world's largest annual gathering of Earth and planetary scientists.
The team assessed some 20,000 hectares of forest in the northern part of the state around Moscow Mountain. They used data acquired by laser altimeters flown on aircraft and on Nasa's Icesat spacecraft before its recent retirement (it was de-orbited in August).
Icesat (Nasa) Icesat will be replaced later this decade
Originally conceived as a means to measure the height of ice surfaces in polar regions, the Icesat instrument has also proved hugely effective in gathering information about vegetation cover in other parts of the globe.
Because the way the beam of light sent down by the laser bounces back off canopy leaves, tree trunks and the ground, it is possible to make general statements about important forest characteristics.
Team-member Patrick Adam told BBC News: "We try to measure the diameter of the trees and their density. We can't do that directly from these instruments, but to get at diameter we can measure the height of the trees because tall trees are fatter than short trees; and we get at the density of the forest by looking at the relative amount of light that is returned from the foliage versus that which is returned from the ground.
"So by looking at the areas that have the tallest trees, we know that they also have the largest trees in diameter, and that there's a better chance of there being woodpeckers there. We don't just hypothesise that, we go out and we actually conduct ground-based woodpecker surveys in these locations as well to verify it."
Dr Lee Vierling from the university's department of forest ecology and biogeosciences added: "There's one species that needs to have high-density forest. That's the pileated woodpecker.
Pileated woodpeckers (Lee Vierling) Pileated woodpeckers prefer a dense stand as they forage for ants
"It's a magnificent bird with a tall red crest on its head. It's a carpenter-ant foraging species so the denser the forest, the better for that particular bird."
Past survey's of forest structure have tended to be fairly labour intensive endeavours, involving sending many people into an area on foot to make the evaluation. And while such assessments produce very detailed results, they are necessarily limited in their spatial information.
Allying remotely sensed data to the ground effort should make habitat surveys more relevant over much broader areas of forest.
"If we are able to predict where woodpeckers are just based on satellite data then we can also surmise, based some other vegetation characteristics, that we might also have higher diversity of forest songbirds or even some mammals and reptiles. That's useful in land management planning and biodiversity planning," said Mr Adam.
"It's a lot easier to use satellite data. It's important to still to do some ground-truthing at a few select points just to make sure we're not totally going off tangent from reality. But in general, yes, we can cover large areas with the airborne lidar, and we're really hopeful with what we can use the space-borne lidar for because that has global coverage, so we could use that at a much larger scale."
The Icesat instrument is no longer in space, but it will be replaced later this decade. In addition, the US space agency is thinking of flying another laser instrument on its Deformation, Ecosystem Structure and Dynamics of Ice (DESDynI) mission.

 

 

Swarm satellite mission to try to sense ocean magnetism.#Swarm #satellite #ocean #magnetism

Swarm satellite mission to try to sense ocean magnetism

 Magnetic signature of the tides (GFZ)

 

 

European scientists are going to try to measure the movement of the oceans by tracing their magnetism alone.
The effort will be achieved using three super-sensitive spacecraft called Swarm, which should launch in 2012.
The magnetic signal of the tides sweeping around the globe has been seen before, but the new mission would aim to observe far more detail.
It should provide additional data on how the oceans transfer heat around the Earth, a key feature of the climate.
"When salty ocean water flows through the magnetic field of the Earth, an electric field is generated and this electric field again makes a magnetic field," explained Dr Hermann Lühr, from the German Research Centre for Geosciences (GFZ) and a leading investigator on Swarm.
"We hope to have the possibility to measure the ocean currents which are so important for climate dynamics, because oceans are transporting a lot of heat. The German Champ mission was the first to see at least the tidal signal, but with Swarm we want to be able to monitor the currents themselves."
The new mission is one of the several innovative European Space Agency (Esa) endeavours being discussed this week here at the American Geophysical Union (AGU) Fall Meeting, the largest annual gathering of Earth and planetary scientists.