Miscellaneous

Those Annoying Debt Collectors

You should know that in either situation the Fair Debt Collection Practices Act requires that debt collectors treat you fairly by prohibiting certain methods of debt collection. The law doesn’t forgive any legitimate debt you owe, of course. debt collector? It really does not matter just how much you feel you know about debt collector, visit Apply for payday loan in Mississauga, and learn more about this topic..

This brochure provides answers to commonly asked questions to assist you understand your rights under the Fair Debt Collection Practices Act.

Debt Collector: More News

Personal, family, and household debts are covered by the Act. This includes money owed for the acquisition of an auto, for medical care, or for charge accounts.

Other Important Debt Collector Considerations

A debt collector is any person, other than the creditor, who regularly collects debts owed to others. This includes attorneys who collect debts on a periodic basis under a 1986 amendment to the Fair Debt Collection Practices Act.

A collector may contact you in person, by mail, telegram, FAX, or telephone. However, a debt collector may not contact you at unreasonable times or places, such as before 8 a.m. or after 9 p.m., unless you agree. A debt collector also may not contact you at work if the collector knows that your employer disapproves.

You may stop a collector from contacting you by writing a letter to the collection agency telling them to stop. Once the agency receives your letter, they may not contact you again except to say there’ll be no further contact. Another exception is that the agency may notify you if the debt collector or the creditor intends to take a few specific action.

If you have an attorney, the debt collector may not contact anyone other than your attorney. If you don’t have an attorney, a collector may contact other people, but only to know where you live and work. Collectors usually are prohibited from contacting such permissible third parties more than once. In most cases, the collector isn’t permitted to tell anyone other than you and your attorney that you owe money.

The collector must send you a written notice telling you the quantity of the money you owe; the behalf of the creditor to whom you owe the money; and what action to take if you think you don’t owe the money within five days after you’re first contacted.

A collector may not contact you if, within 30 days of you’re first contacted, you send the collection agency a letter stating you don’t owe money. However, a collector can renew collection activities if you’re sent proof of the debt, such as duplicated text of a bill for the sum owed.

A debt collector may not contact you if, within 30 days of you’re first contacted, you send the collection agency a letter stating that you’re not liable for the debt. However, a collector can renew collection activities if you’re sent proof of a debt, such as a bill or invoice.

If you owe more than one debt, any payment you make must be applicable to the debt you indicate. A debt collector may not apply a payment to any debt you believe you don’t owe.

You have the right to sue a collector in a condition or federal court within one year from the time you believe the law was violated. If you win, you may recover money for the harm you suffered. Court costs and attorney’s fees also can be recovered. A group of people also may sue a debt collector and recover money for damages up to 000, $500, or 1% of the collector’s net worth, whichever is less.

Report any problems you have with a debt collector to your state Attorney General’s office and the Federal Trade Commission. Many states also enjoy their own debt collection laws and your Attorney General’s office can help you identify your rights.

If you have questions about the Fair Debt Collection Practices Act, or your rights under the Act, write: Correspondence Branch, Federal Trade Commission, Washington, D.C. 20580. Although the FTC generally cannot intervene in individual disputes, the information you provide may indicate a model of possible law violations requiring action by the Commission.

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Business

What To Do In Hamilton And Surrounding Area

The nice thing about tourism is that it is green and has a soft impact on the environment when in relation to the resource sectors. It not only builds jobs in the service sector directly related to restaurants, resorts, and hotels but the hospitality tourism sector also pumps money back into the economy through mega expenditures on infrastructure, contract services, and commodity supply etc. Click this link; www. hamiltonontpaydayloans.com.

Discussions and interactions allow students insight into different companies within these sectors, different areas of the hospitality and tourism industry, and the make up and the activities of these companies.

and, to add to that…

C/ Introduce visitors who’re potential investors to other Canadian markets and services that they may not have considered before visiting Canada.

D/ Spread international goodwill and the positive word of mouth that can not help re-enforce a positive view of the people, customs, and economy… And everyone knows a new look at international hospitality diplomacy is in order following the Bush foreign policy doctrine. Tourism and hospitality are synonymous in the truest sense.

E/ Let’s face it, Canada has a great deal to offer and is among the most desirable countries in the world to live, work, and play….Canada needs skilled labour to compete, and tourism is the first stage to attracting skilled resources to the country.

Canadians are anxiously digesting the outcome of the Jan 27th/09 Conservative budget. While we know that well in advance, sources have leaked out the overall pot of available funding with certain expectations of infrastructure money and tax relief, the specifics are less than clear and may take some months to better understand and work their way into the Canadian economy. One thing is for sure, most everyone is agreed that some measure of economic stimulus is in order. One would likewise be hard pressed to find an economist that would not agree that increasing tourism expenditures is one of the best and timely ways to disperse money throughout the economy with low or no lag time on the resulting economic stimulus.

Some areas like Ontario are facing a manufacturing meltdown due to offshore competition, high energy costs, labour costs, inability to secure operating capital, and in some instances, simply bad management and poor planning. The nice thing about the tourism economy is it is well diversified and has positive effects on all Canadians. Most importantly, it has low environmental consequences and it benefits the socio-economic groups that have the greatest potential of spending earned money into a multitude of other economic sectors.

Ontario by example is a popular tourist destination from many national perspectives. The Canadian dollar is low and an asset for most out of country visitors, and Ontario has a wide mix of outdoor adventure, cottage country resorts, as well as big city conferences, hotel facilities, and shopping. Ontario is also blessed with a series of world class destination attractions to market. Of importance to many offshore markets, Ontario has easy travel access-one can land in Toronto and be in a pristine lakeside wilderness setting in less than two hours. Good examples are world renowned Algonquin Provincial Park and the well branded Muskoka travel region.

Many are hoping that the Federal budget investment in stimulus will include infrastructure dollars and direct marketing dollars that filter into the tourism sector where there’s already some momentum, but with the current capacity to grow. In Ontario, the tourism sector is a major economic benefit that can bridge the gap and create massive employment opportunities at the same time. Tourism is always a great creator of wealth for all classes of society. The economic downturn is a good opportunity for resorts and hospitality in general to take advantage of low cost money and stimulus incentives to recapitalize tourism infrastructure while during the same time, providing an economic injection of new jobs as a direct consequence of government increases in tourism marketing.

The formula bears consideration. By attracting a bigger slice of the tourism pie from increased marketing of tourism product the resulting hospitality related new construction, renovations, as well as the purchase of products and services will achieve a fast and far reaching boost to the economy.

Many economists would support the assumption that tourism provides perhaps the largest potential for stimulus and most surely the quickest and widest broadcast method to pump money into the economy and get things flowing again. Hospitality operators, developers, and associations are pouring over the fine print of the budget hoping in earnest that it will contribute to their industry and to enable them to their contribution to help bring this economy out of its economic funk.

Investment

Niagara Falls – A Wonder Of The World

When it comes to celebrating holidays people look forward to a tourist attractions that provides them the opportunity to rejuvenate their senses and where they can relax a bit. With the fast pace life and hectic work schedule people seldom gets time out for themselves.

Niagara Falls area accomodations click that link.

It is also important to give some time to yourself to sit back, relax and rejuvenate and what better a way than to head off to a tourist destination that provides you ample opportunities to enjoy whatever holiday time you have.

Now there are numerous tourist destinations which are sufficient to create confusion in your head as where to go and what you’ll get there. Celebrating holidays can be a tough task for many as you’ve got to look at your budget, lodging and accommodation amenities, and many other things.

Niagara Falls caters to every sort of visitors that have numerous preferences when it is a question of celebrating their holidays and it’s the reason that Niagara Falls in the past few decades has likewise become the best hospitality provider destination of the world.

If you have made up your mind to enjoy your holidays to the fullest than Niagara Falls is the ideal place for you. You must be thinking why Niagara Falls and what’s so special about it. Well if you don’t have much information about Niagara Falls than you must realize that this place attracts more than a dozen million visitors every year and this is sufficient to prove why this place is so special. The astounding view of the Niagara Falls is certainly going to bound you in its beauty. The roaring sound of the water falling down 170 feet will leave you speechless.

Now letting you know what Niagara Falls has to offer to its visitors. The first thing to measure the level of any tourist attractions is the hospitality that it provides. Niagara Falls Canada Hotels are one of the finest in the hospitality industry all over the world. The warmth and the customer service of hotels in Niagara Falls will make you feel at home.

Alongside the splendid hospitality the Niagara Falls Canada Hotels have restaurants, nightclubs, swimming pool, theme parks, and a variety of other amenities to provide you every facility to make your holidays a fun time.

Beside the Hotels, Niagara Falls has an extensive list of tourist attractions that will simply leave you amazed. Queen Victoria Park, Rainbow Bridge, Cave of the Winds, Maid of Mist Boat Ride, Clifton Hill, Sky Wheel, Goat Island, Bird Kingdom, Skylon Tower, Imax Theater, Discovery Center, Fallsview Water park, Garden Theater, and many more to be added to the list.

Niagara Falls is full of tourist attractions and famous spots. Some of the places that are a must see are Cave of the Winds, Rainbow Bridge, Discovery Centre, Prospect Point, Goat Island, Floral Clock, Bird Kingdom, Queen Victoria Park, Maid of the Mist Boat ride, Sky Wheel, Skylon Tower, Butterfly Sanctuary, and many other to mention here.

Once you’re in Niagara Falls you’re going to enjoy every bit of your holidays. So if you’re planning to celebrate your holidays in a grand style make it huge by visiting Niagara Falls the natural wonder.

FAQ’s: niagara falls in canada?
Hi i live in Ronkonkoma and i want to go to Niagara falls in Canada but i don't know how i can go there, so i need to know what kind of transportation can i use? and how far is montenegro from Niagara falls?. thanks

  • Niagara Falls, Ontario is about 460 miles from Ronkonkoma. You can check it out on google maps below. I've never heard of Ronkonkoma but from the map it looks to be on Long Island. If so, you can probably hop a bus or train to NYC, then either take a Greyhound bus to Niagara Falls, or take a plane to Buffalo, then a bus up to NF. As for Montenegro, well it's several thousand miles away. Montenegro is a country in Europe. :) I think you mean Montreal? If so that's about 400 miles from Niagara Falls, ON.


  • Visit this blog to read a related blog post; A great place to stay in Niagara-on-the-lake

    Business

    The Elements Of Marketing Plan

    You hear the term ‘Marketing Plan’ thrown around, however, it’s unfortunate the number of businesses have no idea what it implies to have one. Possibly the most important element of any business is the marketing plan. A business cannot really get off the ground till they offer something. Which is exactly what marketing is all about. If marketing is how sales are made, then a marketing plan meanses finding out how sales will certainly be made. Establishing a good plan is a way to overcome your drawbacks and increase your business’s income. No plan equals to no sales. Which in turn means your business is not going to make it. This is why a strong marketing plan is a MUST.

    A marketing plan prepares your business to be proactive in what the market does. Without one, you end up reacting to changes and to competitors, meanings that you are constantly a step behind those who are already prepared. So, then, a marketing plan is essential to being all set to handle the ups and downs of the market. It’s always much better to expect and plan for a market change well ahead of time as opposed to discovering it later. You need to be in the leading edge and not the following edge.

    Without a set out plan, your marketing will certainly not ensure sales. Your marketing plan needs to be well-researched and thorough. By setting out plans, you will be able to achieve your long-term and short-term marketing goals. A marketing plan is among the most important areas of an overall business plan. Marketing planning is a crucial document that enhances effectiveness and reduces the marketing expenses.

    Marketing belongs to the foundation of efficient realty business. If individuals don’t have a clue exactly what is readily available for sell then there is no chance they can choose to buy it. So getting the word out there to as many individuals in that target market as possible is very important. Notice that I said target market – which means those who do have an interest in buying property.

    Marketing Plan, Seriously?

    Without a solid marketing method your marketing plan would be worthless. Be sensible with your marketing objectives, deadline to accomplish these objectives and considering your marketing spending plan.

    At the beginning of the process of forming a plan for your marketing, you should see to it you have responses to fundamental marketing concerns like: Who are your consumers? Know your competition. For you can be sure that they understand you. And how do you put your services or product into the hands of your clients? Exactly what’s the most effective technique to do so? In addition to numerous others that resolve where you are as a business and where you are going. You have to know where you are prior to you can find out where you want to be.

    Once you have those concerns addressed, your marketing plan will basically compose itself. You will certainly form concepts about where you wish to go, and you will understand how you want to respond to modifications and difficulties from the marketplace. A well planned plan indicates absolutely nothing though if it’s not well executed. As soon as you make a plan you put it motion by entrusting it to the right individuals, make sure that.

    In general, if you have a good marketing plan in location, you will have a business that is in control of itself. You can guide it in the direction of earnings when you’re in control. You will be able to stick to specific sales techniques and have an idea what type of results you want to see. If you are on track, quantifiable milestones will let you know. All advertising efforts are targeted at a particular objective, and total you will know what success looks like to you and your partners. When to see those results, a good plan to tell you precisely what to anticipate to see and. This is an indicator of how successful your plan is. A well positioned and established marketing plan will help your business, small or huge, to unite in a typical effort and will promote team effort. Ultimately, you, as an entire, will see your business grow.

    Business

    Real World Cloud Computing

    A number of primary benefits exist in relation to the cloud computing model such as IT (Infotech) cost management, information security and service provisioning. The first item in that list will attract the widest audience, while most people understand the remaining two a bit less.

    Due to the fact that of this opacity, security is an essential part of cloud services. Security, consisting of confidentiality, the verifiability of saved information and reliability, are vital to cloud computing. Without this, there is a disincentive to making use of cloud computing. People, businesses and governments all have to be particular that secure information put in the cloud is not going to be hacked or leaked. Access to the cloud requires to be reputable and constant. When the cloud carrier is unidentified to the end user, they are giving up control over the safety of the data and applications within the cloud.

    Fundamental cloud computing security depends upon the proven and perceived credibility of the carrier– or progressively, the cloud broke. The provider is virtually undoubtedly going to have access to any information put on their servers. Cloud auditors are essential to supply confirmation and accreditation of security needs.

    Controversial Cloud Computing?

    Some users may just be interested in cloud computing if they can produce a private cloud– which, if shared at all, is only between locations for a company or corporation. Some groups feel the concept of cloud computing is simply too insecure. In particular, monetary institutions and huge corporations do not want to relinquish control to the cloud, because they don’t think there suffice safeguards to protect information.

    And, to add to the discussion…

    Personal clouds don’t share the flexibility and, typically, there are several website redundancy discovered in the public cloud. As an adjunct to a hybrid cloud, they allow privacy and security of information, while still saving money on infrastructure with the usage of the public cloud, but information moved in between the 2 could still be jeopardized.

    Cloud Computing??

    Cloud computing is indicated to supply better application of computing resources, scalability, catastrophe backups and dependability through the use of numerous websites showing services. This efficiency establishes cloud computing as a type of green computing. As the studies done by NIST indicate, the Federal Government wants the advantages of cloud computing. People and small companies, especially startups, find cloud computing a way to focus their resources on developing business, rather than diverting money to facilities.

    Cloud computing is just at the start of its growth as a part of what is being called “” Web 3.0.”” This is the realization of the truth that some very effective technologies are being carried out online, and they provide a substantial advantage over the traditional hardware server and T-1 line models that a lot of businesses have dealt with in the past. Cost management is, as one would expect, the most referenced benefit of cloud computing. The cost to set up server hardware is a challenging prospect and the outcome has driven the development of cloud computing technologies in businesses.

    Software, Internet, e-mail, and other application servers are expensive to support and have. Business aiming to establish innovative web-based services normally rent or use credit to buy the hardware and software needed. To make use of such technologies, regulating the cost with a monthly payment is advantageous to that business. Using a cloud computing model, not just is the time had to implement these technologies dramatically lowered, but the cost is also lowered and usually based upon a monthly charge for just the services made use of. Cost is, without concern the single crucial element driving the adoption of cloud computing services.

    This is potentially the least understood benefits of cloud computing. Establishing the server software needed to supply customers with access to account information, order processing, and other important services are intimidated by itself. To establish the application for use with the web-based services and insure that the services are s reputable and protected areas more difficult and commonly needs skilled developers and numerous months to achieve. With cloud computing, the very same job can be up and running in a matter of weeks and even days. The cost of rolling the service out is also far lower than in the past, but being able to create a strategy and have it online quick is crucial in today’s business environment.

    Is the topic of cloud computing and its overall security, which has actually been the most questioned elements of cloud computing. For numerous businesses, trusting essential accounting, customer and other business data to “” the Cloud”” has been a big issue. The truth is that a cloud computing service provider is far better able to guarantee the security of such information than the majority of businesses would on their own computer systems and servers.

    The other major security problem is a data backup, considering that for small businesses, this has been a catch-as-catch-can situation, with disk drive being the most relied upon approach. Too many small businesses and their owners have lost all their data in a mishap, only to later on discovering that the data backups are not usable for whatever factor, damaging a business in both trust and sales. Huge data stockrooms are much more secure than any small business can afford to be, so cloud computing is an evident option.

    Business

    Aspects Of Accounting

    Manufacturers of all sizes are concerned about product costs and removing waste. A company can just make an earnings if what the customer pays exceeds the cost to make the product or service. Some short-term exceptions exist, such as introducing a new product a cost below cost to skim the marketplace. In the long run, profits should exceed expense or the company will certainly go out of business. Getting rid of waste is a basic concept in lean manufacturing and in lean accounting.

    Manufacturing management has to incorporate cost information and managers’ information (basically managers own perceptions of how things are working in the plant) and nonfinancial information such as customer satisfaction. Collecting cost information has become a vital part of a lot of American manufacturers, whether it’s done in a formal way, such as ABC-costing or job costing or in a less official way on a yellow pad. One reason for gathering expense is to target particular costs in order to get rid of waste.

    American manufacturers who go lean will soon find out that traditional cost accounting systems are of little to no assistance to offer the information they need. Due to the fact that lean manufacturing challenges the principles and presumptions of traditional product costing, that’s. As an example, traditional costing systems gather a lot of information that have to then be processed to make the tidbits of information suitable for managerial decisions. Traditional costing systems require lots of transactions’ lean accounting on the other hand wishes to keep transactions to a minimum. This is the same concept as getting rid of waste in lean manufacturing.

    In order to better match lean manufacturing with accounting, lean accounting developed the concept of value stream costing. Value stream costing is straightforward and simple, such removing waste along the way. Value stream costing uses the value stream as its basis. A value stream is usually specified as the total of all functions had to produce a particular product and services. A value stream produces what the customer desires within the time frame that consumers demand.

    Upon Further Consideration…

    Value stream accounting figures out the expense for each value stream. Specifically little manufacturers will frequently just have a couple of value streams. Perhaps one is a significant value stream and after that a few smaller sized value streams can be integrated into a 2nd’ and secondary’ value stream.

    A core principle of value stream accounting is to designate real expenditures to the value stream. This assignment is done on a regular basis which provides manufacturing management the chance to respond quickly to bad and excellent news. The reason value stream costing can be done in such a timely way is because it eliminates inefficient transactions. Traditional costing systems need the collection and processing of many information, value stream accounting does not.

    Value stream accounting gathers the expense of labor, products, machinery, outsourced work, the production center, and everything else. Costs are not assigned, but added as a lump sum. The primary reason for removing cost allocation is that most people do not comprehend them and that managers invest numerous hours suggesting over just how much and exactly what of the cost ought to be allocated. In the end, allowances do not matter much since the real concern is whether the company pays or not.

    The removal of cost allocation does not imply that these costs are not examined. Much like everything else, support costs have to go through continuous improvement. If continuous improvement is the way of life in the various workplaces, then cost decrease will certainly result.

    The second concept is the historical expense principle, which states that liabilities and properties must be reported at the original expense. When reporting the cost of possessions or liabilities, accountants should not make modifications for modifications in market value.

    The third concept is the income acknowledgment concept, which is the basis for accrual accounting. This concept states that revenue is reported when made, not always when the cash has actually been gotten.

    The 4th principle is the full disclosure concept. This principle mentions that all significant information about the company that users might need have to be revealed in a type that is easy to understand. This information is reported ‘in the main body of financial statements, in the notes or as supplementary information’ (Wikipedia).

    Value stream accounting is getting rid of waste because it keeps the tracking of materials and labor simple, removes complicated allocation procedures, and concentrates on continuous improvement. Naturally, the elimination of tracking and allocation does not suggest that value stream accounting lacks measure. Similar to all other lean accounting principles, value streams, accounting has established a simple, but powerful concept for measurement: The Value Stream Weekly Box Score.

    Business

    Ipo Debunked

    Initial Public Offering (IPO) represents the first sale (primary) of a companys shares to investors. The main purpose of an IPO is to raise capital to fund any expansion or modernization programme being carried out by the company. The company may make offer of either a fresh issue of share or an offer for sale of its existing shares or it can be both. If acompany, which is already listed, sells newly issued shares (again) to the market, it is called a ‘follow-on’ offering. When a stockholder sells shares it is called a ‘secondary offering’ and the shareholder, not the company who originally issued the shares, retainsthe proceeds of the offering. These secondary offerings are done on the regulated stock exchanges and in general known as buying and selling of shares. The primary issues in India are governed by the SEBI in terms of SEBI (Disclosures and Investor Protection) guidelines.

    The offering contains the basic information: how many shares will be sold, how many shares will be outstanding after the offering, who is selling them, the use of return, the lock-up period and the symbol.

    Generally, the fewer shares sold to the public, the more the potential investor demand for them can be. Very large offerings rarely present good investment opportunities. Comparing the number of shares being offered to the number of shares outstanding can give you a sense of how many more shares can be sold after the lock-up expires. The lock-up period (usually 180 days) bans insiders from selling their shares during a period of 6 months. After the lockup expires, insider shares may flood the market and put downward pressure to bear on the stock price.

    The issuance of IPO and how retail investors can subscribe to it and what’s the process of allotment and refund is the purpose of this article.

    Continuing The Conversation

    Any company making a public issue of value of more than Rs.50 Lakhs is required to submit a draft offer document with the SEBI for its observations. The validity period of SEBIs observation letter is three months only I.e. the company has to open its issue within three months after filing an offer document.

    Draft Offer document means the offer document in draft stage. The draft offer documents are filed with SEBI, atleast 21 days prior to the submission of the Offer Document with ROC/ SEs. SEBI may specifies changes, if any, in the draft Offer Document and the issuer or the Lead Merchant banker shall carry out these changes in the draft offer document before filing the Offer Document with ROC/SEs. The Draft Offer document is available on the SEBI website for public comments for a time period of 21 days from the presentation of the Draft Offer Document with SEBI.

    Offer document means Prospectus in case of a public issue or offer for sale which is filed Registrar of Companies (ROC) and Stock Exchanges. An offer document covers all the relevant information to assist an investor to make his/her investment decision.

    Secondary stock offerings actually pertain to two things. First is the sale of additional stocks to the public by a company that has already issued its initial public offering (IPO). This is the most frequently accepted explanation of secondary stock offerings. Meanwhile, some institutions consider secondary offerings as the attempt to reduce the holding of major stockholder, promoters, underwriters, and large investors by selling the majority of stocks that they own. In this second scenario, all the funds would go to the investors who had already underwritten the company.

    Red Herring Prospectus is a prospectus which doesn’t have details of either price or number of shares being offered or the number of issue. This means that in case price isn’t disclosed, the number of actions and the top and bottom price bands are disclosed. On the other hand, an issuer can state the issue size and the number of shares are determined later.

    If you’re going through an IPO calendar at your net, you can press on the links of various companies and view the other details related to their IPO offer. For instance, information such as in which group a particular security belongs, issue price per share, face value per share, lower price limit, and upper price limit is listed in the calendar. The calendar might also provide information as to how many shares will be released and end date of the issue. All this information can serve to decide well in advance about certain points such as how many shares you can afford to purchase.

    The only drawback of IPO calendars is that there’s no guarantee about the information in it. These calendars are compiled unofficially by stock market experts. Although most of the time the information provided in IPO calendars is accurate, there is a chance that not all of the information comes out to be correct. So, if you’re using an IPO calendar to take investment decisions, make certain that you also try to obtain information from other sources.

    These documents are prepared by an independent specialized agency called Merchant Banker. This is registered with SEBI.

    Generally, there are two types of IPOs one where price of shares are fixed and the another where price of shares are arrived after running book building process.

    Book building is a process of price discovery. In this process floor price of shares or priceband of the shares are known to the public. The applicants bid for the shares quoting the price and the amount they would like to bid at. Only the retail investors have the opportunity to bid at cut-off. After the bidding process is complete, the cut off price is arrived.

    Important things to be looked at into the prospectus would include, Risk factors which are unique to the company, there can be many risk factors related to industry as a whole which may influence all the players in the industry in similar fashion, but the factors more specific to the company e.g. some prior tax benefits in a region where its plant is located coming to an end, some arrangement with major customer of supplier coming to end etc. should be looked at in detail.

    Any individual having a demat account can apply to the IPO. As per SEBI guidelines a retail investor can apply or bid for shares for a value of not more than Rs. 1, 00, 000. In book build offer 35% of the issued shares are reserved for retail investors.

    An investor can obtain the claim form to participate in an IPO from any collection centers, brokers or stock exchanges Public issues is open for at least three working days and not more than 10 working days.

    In case of fixed price issue, the investor is intimated about the allotment or refund order within 30 days of the closure of the issue, in case of book built issue this process takes 15 working days.

    The investor has the right to receive a Confirmatory Allotment Note (CAN) in case he has been allotted shares within 15 days from the closure of a book built issue. The registrar has to guarantee that the demat credit or refund as applicable is completed within 15 days of the closure of the issue. The listing on the stock exchanges is done within 7 days from the completion of the issue. In case of fixed price issue, listing would be around 37 days after the closure of the issue.

    In case, applicant isn’t allotted any shares in the IPO or he gets less shares than originally applied he is authorized to get refund. From January 2006, SEBI has initiated ECS facility to speed up the refund process. ECS facility is available only at 15 centers, as of now. Investors residing in other centers will continue to get refunds through registered or ordinary post. Investor must note that the refund orders will be published on bank accounts which is stated in your demat account.

    Business

    The Brilliance Behind Industrial And Commercial Workers Union

    A trade union is a group of workers that is formed to protect and demand its rights and welfare. The unions populated the world in the industrial revolution. During this phase latest technologies were fed into the working process. Machines replaced man power. The workers felt threatened and hence developed organizations like the labor unions.

    The key idea behind the creation of unions was just a single worker is powerless against the management while a group is relatively stronger. Trade unions have grown so hard that the management itself has to consult with them before making a decision which will have an impact on the workers.

    A union is established in order to serve the various interests of the workers like economic interests, political interests and social interests. However, the economic benefit of the workers is the main concern. The most common motives of every trade union are as follows.

    Recognition of unions must be necessary for all organizations at least 100 workers. And at least 30 percent of the workers within the organisation should become members of the union.

    This Could Lead To Other Ideas

    The IRC must certify the union as a representative union by verifying its active memberships. The IRC must likewise deal with aspects of union recognition as: the level of recognition to be offered, certifying the majority union, and dealing with other related matters.

    Every union strives to meet the above mentioned goals. They do it through group negotiations and bargaining. But in the event of failure of formal communication, unions adopt methods like strike, so-slow, etc, and boycott.

    Other than these, the union also comes to the rescue of its members when they’re in a need. It provides help for the education of the sons, it also provides facilities like games, libraries, and recreational activities and many more. They also give assistance to their members during legal emergencies.

    The workers aren’t well educated to understand and enjoy the company policies and hence have a narrow minded approach towards every management decision according to the employees’ point of view. Well, some drawbacks exist, but trade unions certainly play a key role in the protection of the well being of the workers.

    Business

    Some Thoughts On Election

    The best method of demonstrating your true patriotism in your country is by voting in any election that comes up. Failure to vote is giving other individuals a chance to decide how your life will be run. A real patriot goes the extra step of taking responsibility of his/her life; this starts through the realisation that you hold the power to influence election results through your vote. Casting a vote goes a great deal in deciding how a country is run through the collective vote of the people. Anyone who has chance of influencing the governance of his/her country ought to grab it with both hands bearing in mind, some individual may yearn for such a right and they can’t get it.

    Voting may take place in any kind of election such as senatorial election or local elections. The ability to vote in an election remains as one of the more cherished and valued constitutional rights enjoyed by people. A person gives up his right to influence the governance of his/her country by not voting. Election results are a reflection of qualified majority rule; an election conducted through voting is fair as the country is governed according to the preference of most of the citizens. Election results are published by the election commission after counting the votes.

    and if we expand from there..

    Some countries experience a low voter turnout meaning voting in an election is conducted by a limited number of people. Election results based on such votes don’t reflect the real wishes of the people. Apparently, an election is made on the basis of one person one vote. Many people may think that their vote cannot change much. If every person felt that his/her vote doesn’t count, would voting take place? Every person’s vote is of substantial importance and has a major impact on the overall election results. Undermining the power of your vote in an election should be outside of the question.

    But, What About?

    Many individuals may overlook the significance of voting. In any election, whether you participate or not, election results will be derived from the number of votes available. Some people feel that for any particular post all the candidates are the same; why bother voting then? Anyone with such an attitude ought to know that the election results will have an effect in his/her life as well as in the lives of his/her children. Why jeopardize your welfare and the welfare of your descendants by ignoring your right of influencing the future? Your vote is very important; in the story of the parliamentary elections in several parts of the world, the power of one vote has been well manifested. A single vote can draw a line joining the winner and the loser.

    If I was a worldly person and voted I would vote for Ron Paul. He is clearly the lessor of evils. However I won’t vote because I won’t vote for anything less than the Truth and the Light.

    Peer influence from friends may result to a decline in voting among people and some people may even fail to register as voters. Some individuals hold a viewpoint that what’s going on in the parliament for instance doesn’t affect them; thus the loss of concern in an election. Why base such an important decision as voting on the views of people? After the election results are announced and new leaders occupy the office, all decisions made by such leaders may affect your life. At this point nothing can be achieved as the only power possessed by a person lies in his/ her vote; this power ought not to be compromised whatsoever.

    Business

    Personality Trait Unravelled

    When I analysed people’s handwriting, the most common trait that I found in almost 70% of the handwriting samples were procrastination trait. To me it’s a big concern because when this trait is a piece of your habits, difficult it is for you to attain success.

    Researches have show that there are 40 dishonesty traits that could be identified in handwriting and it would be useful to us to at least know one or two traits. I am going to explain to you one of the lying traits, a very simple one.

    The reason is that procrastination prevents you from doing things you’re supposed to do whether it’s something small or something very important. When you don’t do the things that are supposed to be undertaken you’re actually taking one step backward, long way from the success.

    There were many reasons why people procrastinated e.g., they weren’t sure that they could do a good job or even simply as there was an instant gratification that allured them from doing the job such as watching their favourite show.

    Personality Trait, Really?

    I hope that you should realise by now that usually procrastination or putting off doing the supposed to do things would result in more harm and would jeopardize your opportunity for success.

    The first thing you’ve got to do to eliminate procrastination is to admit to yourself that you have this habit in you. When you admit to yourself that you love to put-off doing things, it would make the process of eliminating this habit easier.

    You won’t change or take the step to eliminate procrastination if you don’t think you have the habit even if all the people around you agree that you usually put off doing things a lot.

    The daily plan should be taken at night before you go to sleep so that you could immediately start your tasks in the morning. Make a commitment to complete all the tasks scheduled, on time.

    If the task is too big, chunk it into smaller achievable tasks. Always put the plan before you as a reminder of what should be completed.

    Some people said that doing the easy task first would make you motivated to perform the difficult one later. There were also people who said that doing the difficult task first would make the other tasks which had to be completed after that easier. I would have to agree with the latter.

    The reason I agree with the latter is only if you put off the difficult task until the end of the day you may not have sufficient time or even energy to complete it on the same scheduled day. As a result you’ll have to reschedule this task to the following day meaning that you’ll disrupt the next day’s schedule. This is how procrastination begins.

    When you plan to do something, do it and undertake to complete the task on the appointed time. If you find it difficult to carry out the task by yourself maybe you should begin to consider asking other people for help.

    In the beginning you could ask someone close to you or someone you trust to monitor you on a daily basis to confirm that you have completed the task that has been planned. You could ask them to do it at the end of each day or at least once every three days. Better yet have someone you respect to monitor you so that you would feel embarrassed if the task isn’t complete.

    As mentioned earlier you could consider asking other people for help or assistance when you’re not able to carry out the task by yourself. Who knows there are possibilities that the people you ask for help could do a better job than you.

    Every night before going to sleep review your plan to ensure all the tasks scheduled have been completed. If there are tasks that couldn’t completed, put down the reason why and restore the task into the next day plan or reschedule it towards a more appropriate day. Think of another way to complete the task.

    Maybe the reality is that the task couldn’t be completed in one day. Therefore you could start chunking the task into small manageable chunks that could be completed in one day.

    Reward yourself after achieving the goal is one of the main things people normally forget to do. The reward doesn’t have to become a big reward. Reward yourself with something you like to do or something you really want for example dinner at your favourite restaurant.

    The reward will give you something to look forward to when you accomplish your goal. The reward will be something like a catalyst or motivation for you to carry out the goal on time.

    However don’t go overboard in rewarding yourself. There were people who rewarded themselves even before they completed their goal where they enjoyed the reward so much that during the end they didn’t achieve their goal.

    All you’ve got to do now is take action with six ways to put-off procrastination being revealed in front of you. In no time you realise that procrastination habit that you have is the thing of the past.

    Business

    Board-designated Net Assets Debunked

    The company has been known for some of the policies it offers to its consumers. One of the policies was that items can be refunded back to customers as long as they had receipts even if the goods had been purchased a long time ago. The Company recorded a profit of slightly over half a billion pounds in the year 2006. M& S also boasts of having a large employee base-it has close to seventy one thousand staff members under its wing.

    John Lewis was a company is also another retail chain of stores that is slightly less than the former mentioned Company. John Lewis (JL) has one hundred and twelve super markets and twenty six stores under its name. There are sixty eight thousand employees working for the Company. JL is well known for the manner in which it shares profits, partnership with emeployees and equity.

    This kind of scheme has earned the Marks and Spencer Company an award from the Times. This was ion recognition of the reality that the Company employs a large number of graduates to work towards them. It was given position seventeen in this category for this role.

    This kind of scheme normally involves provision of training for graduates who may be new to the corporation or persons who may have worked for the business before but are interested in developing themselves within the organisation. This training lasts for a term of twelve months. But before one becomes an accepted trainee within the company, they pass through rigorous training and selection before gaining access into the Company.

    More On This Topic

    Of the roughly 15, 000 companies whose securities are registered with the Securities and Exchange Commission (SEC), over 1, 100 are foreign companies. Prior to November 2007, if these foreign companies submitted IFRS or local GAAP financial statements, rather than US GAAP, a reconciliation of net income and net assets to US GAAP was required. Following some progress in converging IFRSs and US GAAP, for fiscal years ending after15 November 2007, the SEC has permitted foreign private issuers to use IFRSs in preparing their financial statements without reconciling them to US GAAP. In order to be eligible for such exemption, a foreign private issuer’s financial statements must fully comply with the IASB’s version of IFRSs, with one exception.

    The exception relates to foreign private issuers that use the version of IFRSs that includes the European Commission’s ‘carve-out’ for IAS 39. The SEC has permitted such issuers to use that version in preparing their financial statements for a two-year period until a reconciliation to the IASB’s version of IFRSs is provided. After the two-year period, these issuers will either have to use the IASB’s version of IFRSs or provide a reconciliation to US GAAP.

    The Company has also instituted a series of buying plans for employees who’re need of purchasing certain items. One such example is the Car buying plan. The loan is replayed at a very low rate. This is probably because these payments can be deferred. M& S allows up to sixty percent of the loan to be differed.

    There are several other types of loan schemes offered by M and S that are all designed towards ensuring that employees can plan for their future or they can implement important projects in their lives. This kind of commitment by the Company gives members of staff the impression that they have strong back up and that the Company is committed towards their progress. Travel Money, Some other schemes that available in the Company include Holiday Home Safe, Fixed Rate Savings, Save and invest, and other types of buying plans.

    The Company rewards its employees through bonuses after the Company has recorded a rise in profits. This was witnessed this year when the Company recorded approximately one billion in profits. The profits were an idea of the sales recorded this year and they were around eight point eight billion pounds. These profits need to be enjoyed by the members who contributed the most to its delivery, these are the employees. Mark and Spencer took a large part of this amount and gave back to staff members. It gave them eighty million pounds in bonuses.

    M& S don’t mind such generous contributions to go to their members of staff in terms of bonuses because the team has predicted increases in he profits they receive. Besides, the company’s shares have about doubled in the Stock exchange indicating that it’s in steady rise and can afford to give mouth watering schemes and bonuses to employees.

    Another plan which the firm has implemented towards the pension scheme is through direct or indirect contribution from emeployees’ salaries. The Company has issued out three alternatives to members of the pension scheme; members could decide not to contribute any amount at all to the pension scheme and could consequently receive very low rates on their pensions, or members could give about seven percent of their earnings in the next three years and lastly, members could also choose to neglect payments but they must put a limitation on the level which their pensioned salaries will reach. This method of solving the pension deficit problem puts the option in the employee’s hands. If they choose to contribute from their salaries, then they’ll earn more pensions at the end of the day and if they choose not to, then the amount received will be extremely low.

    Business

    Discussion Of Globalization

    If we were to go out on the roads in any major city and ask people to explain what globalization is and the way it affects people in a Jay Leno type manner we would probably arrive with many different answers. Why is this? Why are their so many different definitions of globalization and why are there so many different views on the topic? In this essay we will look at the definition of globalization including the advantages and disadvantages of this conception. To First tackle these questions let’s take a look at the definition of globalization.

    There are many types of globalization. These give us the capacity to describe it in many different fashions. We could look at cultural globalization for example. This explains and discusses the flow of a culture and cultural values around the world and manner in which they build upon one another and meld together, or we could take a look at communication and how it changes across the globe. Though, for the sake of this section, we’re going to focus on Economic globalization described by Bhagwati in his book In Defense of globalization. According to Bhagwati, Economic globalization constitutes integration of national economies into direct foreign investment (by corporations, the international economy through trade, and multinationals), short-term capital flows, international flows of migrant workers and humanity generally, and flows of technology Now that we got a brief understanding of what economic globalization is, let’s look at some controversies revolving around globalization and identify positive areas of globalization and other areas that need fixing.

    Globalization: The Good, The Bad and The Ugly

    Let us take a look at an issue that is constantly seen in the media, this would represent the issue of outsourcing. When Nike first started outsourcing jobs overseas people were outraged. They were giving away American job just to make a few extra bucks and people were simply not happy about it. So how is this form of globalization even possibly a good thing? An argument that would support this part of globalization would be that by shipping jobs overseas countries in our economy are able to better maximize profits and thus help to grow our economy. Well this sounds all well and good but how long’s it going to be until we see a number of these gains in our economy? Are we not taking advantage of people overseas by paying them next to nothing? If one of us went to work one day and have discovered that our job was lost to outsourcing we can be assured that we would not be contented with someone told us that it was going to benefit the economy as and whole and finally increase the standard of living. No. We would be miserable because we were now out of a job and amongst the unemployed; a person does not live off of future gains. Now when deciding whether or not we’re taking advantage of those less fortunate overseas by paying them so little we need to look at real wages.

    If globalization causes an increase in real wage overseas and an eventual growth in the economy through the sacrifice of American jobs, how is it that we are able to stop the disappearance of these jobs and still maintain the benefits from globalization? This clearly needs some sort of fixing. One way that we were able to help with the disappearance of jobs would be tantamount to compensate those that lost their jobs from a clear from of outsourcing until they’re able to get back on their feet. This is already done through programs provided by the U.S. government while it is often hard to make a clear distinction when it comes to the way in which a job is lost.

    Yes, because we live in an increasingly smaller and globalized economy. Outsourcing, contrary to popular belief, actually generates more jobs in the family country rather than ‘take jobs away’. The real debate should be how best this can be used to your company’s advantage. Increased globalization, superior technology and cloud computing is what drives the world today. Clients need to make the best use of this or they may find their business simply getting left behind.

    Along with benefits form globalization there are likewise other areas that need fixing. A problem that we are able to see clearly results from globalization is the problem of illegal immigration from poor countries to rich countries. It has become simpler and more beneficial for people living in a bad country to go to a country with a stronger economy through globalization. This is especially true when considering the movement of people from Mexico to the United States. So why do not we just open up our boarders and make it legal? If we were to simply open up the boarders between the U.S. and Mexico our economy would be obliterated. There would be a huge rush from into the U.S. by people waiting along the boarders. This immense rush of people would suck our economy dry, leaving us in a far worse condition. We are therefore presented with the problem of what has to be done with preventing illegal immigration. It used to be that the majority of our illegal immigration from Mexico came for people crossing the Rio Grande though it now is from a different form. Bhagwati says that 50% of the illegal immigrants now come form legal means such as visas. They enter the country legal and stay illegally. We know that it is not possible to eliminate illegal immigration so what are we gonna do about it? He explains that to solve this problem governments in the developed countries must turn to policies that will integrate migrants into their new homes in a manner that will minimize the social costs and maximize the economic benefit. This is a problem that won’t only result between Mexico and the U.S. but also other countries as well.

    Now we’re going to take another look at an area of globalization that needs improvement. This problem is the ease at which capital flows can move in and outside of an economy. It has been increasingly easier and more easily invest in foreign economies due fallen barriers broken down by pressure from agencies such as the IMF and OECD. The most adverse effects have arisen from the liberalisation of the financial and capital markets-which has posed risk to developing counties without commensurate rewards according to Stiglitz. As globalization continues to occur it has become easier to invest in foreign economies through decreased barriers and instant transfers via the Internet. This can could potentially cause overwhelming problems because as investor sentiment changes, the money is pulled out, leaving in its wake economic devastation. So how do we fix this problem that arises form globalization? There clearly needs to be some type of barrier when it comes to capital flows. [Capital-market liberalization ] illustrates what can go wrong with globalization. Even economists like Jagdish Bhagwati, strong advocates of free trade, see the folly in liberalizing capital markets. It is clear that we require to have some type of resistance to the ease at which capital may flow in and outside of a country.

    Lowering of trade barriers that enables the free movement of goods, services and capital from one country to another.

    In this article we have examined the definition of globalization, areas of globalization that are sound as well as areas that could use some improvement. From this we’re better able to fully understand the complexity of the issue and hopefully gain some insight that will allow us to live in a manner that will help better our world.

    Business

    Cloud Computing Simplified

    Large companies have typically been the first ones to benefit from advanced technologies and the power that the technologies offer. For example, providing network email services for 100 accounts typically costs just as much as providing the same services for 10 accounts. The trouble is that a company with 10 employees is least able to afford the cost. This has typically meant that many small businesses were obliged to forgo the advantages of Information Technology, simply as a result of the cost. Cloud computing offers the chance to not only cut IT (Information Technology) costs, but to also develop advanced IT services.

    Software, email, Internet, and other application servers are costly to own and support. Companies looking to establish advanced web-based services generally lease or use credit to purchase the hardware and software needed. To use such technologies, controlling the cost with a monthly payment is advantageous to that business. Using a cloud computing model, is not just the time needed to carry out these technologies drastically reduced, but the cost is likewise reduced and typically according to a monthly fee for only the services used. Cost is, without question the most important factor driving the passage of cloud computing services.

    This is possibly the least understood advantage of cloud computing. Setting up the server software needed to provide customers with access to account information, order processing, and other vital services is daunting by itself. To develop the application for use with the web-based services and insure that the services are s secure and reliable is still more difficult and often requires experienced programmers and many months to accomplish. The same project can be up and running in the space of a few weeks or even days with cloud computing. The cost of rolling the service out is also much lower than in the past. However, being able to set up a plan and have it online fast is vital in the current business climate.

    Lastly, is the subject of cloud computing and its overall security, which has been the most doubted aspect of cloud computing. For many businesses, trusting important accounting, customer and other business data to "the Cloud" has been a big issue. The truth is that a cloud computing provider is far better able to guarantee the security of such information than most businesses would on their own computers and servers.

    Continuing The Cloud Computing Discussion

    The other major security issue is data back up, since for small businesses, this’s been a catch-as-catch-can situation, with tape drives being the most relied upon method. Too many small businesses and their owners have lost all of their information in a mishap, only to later see that the data backups aren’t usable for whatever reason, damaging a business in both trust and sales. Large data warehouses are far more secure than any small business can afford to be, so cloud computing is an obvious choice.

    The first and most prevalent example is in various messaging services. In the past, small businesses had to choose between a secure and controlled internal email server with extremely high costs and a less secure Internet mail service with no control over the security services. Cloud computing allows small businesses to dispose of the best of both worlds. Email server software is costly to buy, install, and support. In the cloud computing environment, companies only be paid for the specific services that they need and only as much as they use. It is even possible to contract for a server and only be paid for the exact time and bandwidth that the server uses.

    Productivity software is also a great opportunity in which small businesses can benefit from in using cloud computing. The software can include anything from accounting to word processing to document management. With cloud computing technologies in use, small companies can have seven day a week access to documents, customer information, 24 hour a day, and critical financial data without the expensive servers and bandwidth that limited them in the past. This can allow the business’ sales team to operate from the field without sacrificing access to such essential services. With the processing power needed to provide such services now “in the Cloud, " a company will only be paid for the processing power used and not all the server and all of the costs associated.

    The biggest advantage in small businesses using cloud computing is its security. Initially, most small companies had concerns about the security and accessibility of their critical information while being housed on the Internet and its remote cloud computing servers. Large computing providers have a greater security and reliability than the small companies that they serve and results in an enhancement of the information services overall. Back up services in the cloud computing system are a perfect example, if a business’ “mission-critical" data is secured at an advanced server farm, then it is all the more secure only if the business transferred the information to a protected on a tape in your IT office.

    The reason that cloud computing is so popular is that Enterprise level companies have adopted it in great numbers. While these companies can afford the cost of in-house computing systems, the company owners see the power and cost savings of cloud computing. This has resulted in a large number of new cloud-based services coming onto the market. The best way for a small business to use cloud computing is to begin looking at what it offers and planning for a transition as soon as possible, before the business’ competitor does.