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The price at the pump has jumped to $3.82, the highest gas prices have ever been on this date. Prices are expected to go even higher in the coming days. NBC's Brian Williams reports.
By Richard Satran, NBC News contributor
?Updated at 2:57 p.m. EDT: Gas prices jumped again Thursday in the wake of Hurricane Isaac, leaving drivers facing the prospect of costly fillups as they take to the highway for a final summer spin over Labor Day weekend.
Prices climbed two cents a gallon to $3.82 nationally to a record for this time of year and are likely to edge higher still in coming days,?the American Automobile Association said. The gains came on top of a five-cent surge Wednesday when Isaac pounded the oil-rich Gulf Coast region.?The price has risen steadily from the summer low of $3.33 on July 2.
Consumers are likely to get a price break soon as oil and gas companies gradually restart their Gulf operations, but AAA said drivers should expect to pay a few more pennies by the end of the holiday weekend.
Isaac spared heavily populated New Orleans from the devastation wreaked by Hurricane Katrina seven years ago. But this week?s storm caused widespread damage and dumped more water in the region than its sister storm seven years ago, according to the National Weather Service. Thousands remain stranded and power outages have been widespread.
Up to 50,000 people in Louisiana ?were ordered to evacuate Thursday as a dam seemed ready to give way?across the state line in Mississippi.
Drivers caught a break, though, as the storm appears to have spared the region's many refineries and oil rigs, unlike the devastation that affected the industry for months after Katrina in 2005.? As a result, AAA analysts expect pump prices to decline quickly after the holiday.
?We would expect prices to be going back down by mid-September,? said Michael Green, AAA public relations manager. ?We can?t estimate exactly how much. ?
Isaac?s slow journey through the Gulf and Louisiana?s energy-refining heartland is still driving prices higher across the land, but from initial assessments the storm appears to have had no lasting damage on energy infrastructure, he said. ?Refineries and rigs shut down as a precautionary measure.
One refinery in Belle Chasse, La., was flooded, according to wire reports.
?It?s a little early to say for certain but it appears they were relatively unharmed,? said Green.? ?It?s still to be seen when there are deeper assessments, but so far there are no reports of anything significant. That?s good news for the oil refiners.?
As the storm headed north, Illinois Attorney General Lisa Madigan warned gas stations owner against price gouging after complaints against some Southern outlets in the storm?s path.?
?I?m putting (gasoline station) retailers on notice that these circumstances are not an excuse to gouge customers at the pump,? said Madigan. ?My office will be closely monitoring gas prices to ensure gas station owners are operating legally.?
Despite the storm and the higher gasoline costs, nearly 33 million Americans still plan to travel for Labor Day, said AAA. That would be a 3 percent rise in traffic from a year ago. ?Americans have been driving more on major holidays this year than they did during the depths of the recent recession, the association reports.
Amid higher fuel demand and low gasoline inventory, prices have been pushing higher, although consumers will get a break soon due to a recent jump in refinery output, said Green. Refiners have had a relatively trouble-free season and were able to boost supplies to move to gas stations ahead of the storm season.
With the end of summer, there will be fewer drivers are on the roads, as well, further reducing fuel demand.? The change of season also means stations can sell less expensive gasoline than the ozone-friendly mix they are required to pump in summer months.
Another storm could tip the scales once again. The official end of the hurricane season is Oct. 31.
?There is still a chance of more storms but Labor Day is generally considered the peak,? said Green.
For gasoline prices, it looks like high time is this weekend.
(This story has been corrected from a previous version.)
More money and business news:
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NEW ORLEANS (Reuters) - The remnants of Hurricane Isaac continue to cause headaches on Friday, bringing heavy rainfall and the threat of flash flooding to the lower Mississippi Valley as Gulf Coast residents get ready to start their cleanup efforts.
The first hurricane to hit the United States this year will be remembered for striking New Orleans on the anniversary of 2005's deadly Hurricane Katrina - and providing a first, successful test of the city's pricey new flood defenses.
New Orleans Mayor Mitch Landrieu concluded that the ring of defenses was "operating as designed."
Now a tropical depression, Isaac can still trigger tornadoes in Mississippi and Louisiana, the National Hurricane Center said - among the final acts of a storm that punched above its weight in terms of impact and often confounded forecasters.
One bright spot: rain that is expected to reach the central U.S. Midwest over the weekend, a godsend to farmers suffering from the worst drought in more than 50 years, even if too late for many of this season's crops.
Isaac caused widespread flooding and property damage in the U.S. Gulf Coast region, mostly because of its unexpectedly heavy and persistent rainfall. The system lingered near New Orleans for the best part of two days, sometimes moving as slowly as five miles an hour (8 km per hour).
"Most of them blow through and are over with. This one is just hanging around too long," George Dubaz, a New Orleans tour guide, said during the deluge.
The storm caused anywhere from $700 million to $2 billion in insured onshore losses, disaster modeler AIR Worldwide said late Thursday.
That would still leave Isaac, which came onshore as a Category 1 hurricane, well outside the 10 most costly U.S. hurricanes.
New Orleans' Audubon Park recorded 18.7 inches of rain in a 24-hour period during Isaac. That exceeded all records dating back to 1871, said Jeff Masters of Weather Underground. Many other locations in Louisiana and Mississippi logged more than 10 inches of rain.
Through it all New Orleans sustained mostly cosmetic damage such as downed trees and street lights. A massive police and National Guard presence - and a dusk-to-dawn curfew, now lifted - also helped keep things calm even as much of the city lost power.
The Port of New Orleans and the city's airport were ready to reopen on Friday, authorities said.
Surrounding areas, though, without the new protective federal flood barriers, did not fare as well from the relentless rain and huge storm surges brought forth by Isaac.
Some of the worst flooding was in Plaquemines Parish, southwest of New Orleans, where flood waters overtopped at least one levee and left many homes under about 12 feet of water.
Late on Thursday, local officials confirmed the death of a man and a woman in the parish town of Braithwaite. The pair apparently drowned in their kitchen as flood waters surged in. Earlier, a Mississippi man died after being hit by a falling tree.
Isaac killed at least 23 people in Haiti and the Dominican Republic before taking aim at the United States.
Slidell, a town of about 27,000 people northeast of New Orleans, took the brunt of a storm surge from Lake Pontchartrain, which left some neighborhoods under about a foot of water.
"You'd have never made me believe a Category 1 would dump this much water," said Sam Caruso, 71, a former mayor of Slidell who toured the town in his pickup truck on Thursday.
As the flood waters rose, some residents, including Caruso, wondered whether the new federal levee system had shored up New Orleans at the expense of low-lying neighboring parishes outside the system's protection - a debate that is likely to continue.
Benchmark crude oil prices slipped on Thursday after major oil facilities on the Gulf of Mexico made it through Isaac mostly unscathed.
The smallest of six Louisiana oil refineries began to power back up on Thursday and most other oil and gas companies in the U.S. Gulf Coast region were preparing to restart.
Some 700,000 residents and businesses in Louisiana and Mississippi were still without electricity on Thursday, down from a peak of over 1 million.
(Additional reporting by Emily Le Coz in Tupelo, Mississippi; Chris Baltimore in Houston; David Adams in Miami; and Sam Nelson in Chicago; Writing by Ros Krasny)
Source: http://news.yahoo.com/waning-isaac-heads-north-eyes-turn-stricken-dam-002242230.html
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The event in the Fall 2010 described as KTH-gate, when the same link was deleted, is now repeating itself in a new round described as KTH-gate2.?In 2010 the censorship was motivated by the presence of some examples of mathematical climate modeling in MTS doomed by KTH as unacceptable, however without any form of specification. Now in 2012 no motivation is given.
We have here an example of Internet censorship:
The reason for the suppression of MTS by KTH is that MTS presents an alternative to the traditional teaching of mathematics and physics, where modern computational techniques are combined with traditional analytical techniques. The alternative is viewed as a threat to the traditional mathematics education by mathematicians in charge of mathematics education, and the reaction is to censor the alternative by deleting any link to MTS.?
That the censorship is against the very essence of an education based on principles of science, is clear. What is not is not so clear is the legal aspect of the censorship. Is it possible for a university to delete a link to an ebook written by a professor at the university against the will of the professor? With ?motivation? Without motivation?PS1?MTS has a website at Wordpress outside the control of KTH, at least as of now.
PS2 It is ironic the the required text in the finite element course in question, is another book by myself. One book is applauded, another is censored, while they represent different steps in the evolution of the same material. As you can see, FEniCS as another of my initiatives, is allowed, but not MTS. As is mostly the case, censorship is dumb and blind.
Source: http://claesjohnson.blogspot.com/2012/08/internet-censorship-at-kth.html
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LONDON (AP) ? Barclays PLC on Thursday named the head of its retail and business banking operations as its new chief executive, as shares in the crisis-hit group dropped following news of a new investigation into the bank's deals.
The bank announced that Antony Jenkins, 51, would fill the post vacated by the resignation of Bob Diamond in the wake of a scandal over attempts to manipulate a key interest rate index.
Jenkins takes over just as the bank has been hit by more bad news.
Barclays disclosed Wednesday that Britain's Serious Fraud Office was looking into payments the bank made to Qatar Holdings LLC when Barclays raised more than 5 billion pounds ($8 billion) of emergency capital at the height of the global financial crisis in 2008. The funds raised by Barclays in the Middle East saved it from joining other U.K. banks such as Royal Bank of Scotland and Lloyds in taking a government bailout.
Gary Greenwood, an analyst at Shore Capital, said the investigation "further highlights Barclays' somewhat murky past under the previous leadership and the need for the new management team to come in and clean up the company's culture, processes and image."
Barclays shares were down 1.5 percent at 183 pence in midday trading in London.
Barclays is also assumed to be a target of a Serious Fraud Office investigation of manipulation of the London interbank offered rate (LIBOR), a market index which sets the price of a wide range of financial instruments including mortgages.
So far, Barclays is the only bank which has been identified as submitting false reports of the rates it expected to pay to borrow from other banks, although other banks are known to be under investigation. Barclays was fined $453 million by U.S. and British agencies in June, and Diamond resigned on July 3.
"We have made serious mistakes in recent years and clearly failed to keep pace with our stakeholders' expectations," Jenkins said.
"We have an obligation to all of those stakeholders - customers, clients, shareholders, colleagues and broader society - and a unique opportunity to restore Barclays' reputation by making it the 'go to' bank in all of our chosen markets."
Barclays' retail division, Jenkins' old department, has not been immune to problems. The bank has set aside 1.3 billion pounds to compensate household and business loan customers who were sold payment protection insurance which they did not need.
Jenkins began his banking career with Barclays in 1983, then moved to Citigroup in 1989. He was appointed chief executive of Barclaycard in 2006, and head of retail business and banking in 2009.
As group chief executive, he will receive an annual salary of 1.1 million pounds and be eligible for bonuses up to four times that amount.
Source: http://www.seattlepi.com/business/article/Barclays-appoints-retail-head-as-new-CEO-3826224.php
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WASHINGTON (AP) ? The number of Americans seeking unemployment benefits was unchanged last week at a seasonally adjusted 374,000, suggesting slow improvement in the job market.
The Labor Department said Thursday that the four-week moving average, a less volatile measure, increased to 370,250.
Applications are a measure of the pace of layoffs. When they fall consistently below 375,000, it generally suggests that hiring is strong enough to lower the unemployment rate.
Unemployment applications have risen slightly over the past three weeks. Last week's number was revised upward to 374,000 from the 372,000 that was reported initially. That was its second straight increase.
Still, applications are lower than they were six weeks ago. That raises hopes for a solid gain when the government releases its August jobs report next Friday.
Employers added 163,000 jobs in July. The hiring gains were an improvement from the previous three months, when the economy created an average of only 73,000 a month. But they weren't enough to lower the unemployment rate, which rose to 8.3 percent from 8.2 percent in June.
When the government releases the August jobs report on Sept. 7, analysts expect it to say that the economy added 118,000 jobs in August and that the unemployment rate held at 8.3 percent, according to FactSet.
Economists say stronger growth is needed to create more jobs and lower unemployment.
The economy grew at a tepid 1.7 percent annual rate in the April-June quarter, the government said Wednesday. That's much slower growth than the 2 percent rate in the January-March quarter and 4.1 percent rate in the final three months of 2011.
Economists expect the economy will keep growing modestly in the second half of the year but at a subpar rate of roughly 2 percent. Growth at or below 2 percent is not enough to lower the unemployment rate. Most economists expect the unemployment rate to stay above 8 percent for the rest of this year.
A weak economy and high unemployment could hurt President Barack Obama re-election chances and bolster Mitt Romney's campaign. Republicans in Tampa, Fla., this week to nominate Romney have pointed to the dismal growth in making the case to elect their candidate.
The Labor Department's report Thursday said the number of people receiving benefits continues to decline. The total fell to 5.5 million in the week ended Aug. 11, the latest period for which figures are available. That's down about 62,000 from the previous week.
Some of the decline likely results from people finding jobs. Many also are exhausting their benefits because of the still-struggling economy and job market.
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iPhone/Webapp: In most cases, your to-do list is something you keep to yourself and use to get important tasks finished. Well is an app that sits outside of those kinds of to-dos, and instead focuses on working with others to create collaborative lists.
Well isn't exactly a productivity based to-do list. It's more along the lines of services like Google Schemer, or Springpad that help you keep track of ideas from friends. Well seems best suited for lists like, "Books to Read," "Things To Do on Vacation," or "Games to Play." That's because the lists you make are typically public, and people can follow your lists, and add their own suggestions. You can, of course, make private lists as well, and then share them directly with friends. Well could be especially helpful for vacation planning, or simply as a way to keep track of media recommendations from people you trust. Well is free on the iTunes App Store or online.
Well
Well | iTunes App Store via The Verge
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NEW YORK (AP) ? Economists believe the confidence of the U.S. consumer remained virtually unchanged between August and July during the ongoing economic recovery.
They expect the private research group The Conference Board to report that its monthly consumer confidence index will be at 66 in August compared with 65.9 in July, according to FactSet.
The indicator is watched closely because consumer spending, including major purchases like health care, accounts for 70 percent of U.S. economic activity.
The Conference Board will release its report Tuesday at 10 a.m. Eastern.
The report is based on a survey conducted Aug. 1 to Aug. 16 with about 500 randomly selected people nationwide.
Despite several brief spikes, the index remains well below the 90 reading that indicates a healthy economy ? a level it hasn't reached since the recession began in December 2007. But it's far above the level of 40 reached in October 2011 and the all-time low of 25.3 reached in February 2009.
Since the beginning of the year, the index has wavered, falling in January and rising in February, before falling for four straight months. It rose again in July.
The economy is still stabilizing and job growth has become consistent, albeit slow.
One area of improvement has been the housing market. Sales of new homes in the U.S. rose 3.6 percent in July to match a two-year high reached in May, according to last week's Commerce Department report. It was the latest sign of a steady recovery in the housing market.
And factory output climbed in July for the second straight month, according to a report issued last week from the Federal Reserve. That boossted hopes that manufacturers have recovered from a slowdown in early summer. A jump in auto production was a key reason for the gain.
Better growth also boosted hiring last month. Employers added 163,000 jobs in July, the most since February. Job gains averaged only 73,000 jobs a month from April through June, not enough to keep up with a rising population. The unemployment rate increased to 8.3 percent from 8.2 percent in June.
Still, more growth is needed to produce enough jobs to put a dent in the unemployment rate, which stands at 8.3 percent. The economy grew at an annual rate of 1.5 percent from April through June, down from 2 percent in the first quarter and 4.1 percent in the fourth quarter of 2011.
Another worry is that gas prices, which fell sharply from a peak of $3.94 in early April, started to surge again in recent weeks. In fact, gas prices at the pump rose 19 cents to $3.71 during the period that captures the survey. That could put more financial pressure on low and middle income shoppers.
Merchants are hoping for stronger job growth heading into the final months of the year. Merchants are in the critical stretch of the back-to-school selling season, which is the second most-important season behind the winter holidays. But the season, which began in mid-July and ends mid-September, so far has been mixed.
"There is nothing in the economic data that causes consumer attitudes to have improved in the last month," said Wells Fargo Securities senior economist Mark Vitner.
Source: http://news.yahoo.com/consumer-mood-expected-remain-unchanged-aug-102551006--finance.html
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? Posted by TerySLop on Aug 28, 2012 in Posts | 0 comments
Venture capital funds are specialised kind of investment companies inside the subcategory of personal equity. The equity pegs of partial ownership are obtained through them in the earlier stage of businesses that need money or the development and enlargement. They?re interested in entrepreneurs getting new and modern technologies, business strategies or processes.
Venture capital will be the center of interest for new companies obtaining restricted operations which is much more compact for raising such capital in public places market place and also does not have accessibility to secure home loan from the banks. In order to get key handle associated with company`s selections and possession of firm, venture capitalist spend money on modest and immature companies in return of high risk. They do not consider curiosity in each and every sort of firm just the greater tech industries but it doesn`t imply you cannot possess venture capital.
Venture capital organization conducts independent operations and draw pool of expense from wealthy organizations, pension funds and through other managers of investments. These types of are personal but a majority of are publicly interacting entities and others are generally subsidiaries of excellent fiscal service firms.
Now coming on the characteristics, private equity have prolonged investment prospect stretches more than many many a long time or more. There are a lot regarding brings about and components; the first reason is because invested in immature younger looking and experimental businesses that will take lengthy time for you to mature profitably. Second of all, many startup businesses take venture capital findings and are private companies which in turn present these expenditure that are very illiquid right up until the time they are exceptional sufficient to predicament public stocks. Thirdly, these venture capitalists have individually involved themselves to the company`s management somewhat compared to inactive investors.
They depend on expertise in an array of financial disciplines such as securities analysis, income management and also in expenditure banking.
Furthermore, they often times take aspect in selection-producing in the firm where these people did the investment and get expertise from numerous non economic concerns like electronics, computing, engineering, internet, production, chemical substances, pharmaceutical and many other people. The low economic abilities with a distinct venture capital fund rely upon the technologies or even industries that are structured by the fund.
Just one more occupation possibility will be multidisciplinary expertise that is in addition valued especially for example one who joins executive and other technical things with one in monetary analysis. Venture capital fund often have incline employment, this also generates chance of fantastic economic advantages to an person nevertheless at higher control of frenetic speed using long hours and standard travel.
Let me clarify you that precisely how venture capital functions, when one commences a new enterprise, funds are needed to get it up and running. Money is required to retain the services of or for the purchase of place for the new organization, for its gear, home furniture, supplies and many others. as there are need for money to shell out your workers. Lots of places are meant for offering money that is required to get a new company.
1.You?ll have funds for your enterprise alone from your personalized financial savings or acquiring mortgage on your residence.
2.With regard to basic companies you can bootstrap it with genuinely modest investment to have your enterprise heading and also following that use the earnings obtained from the earnings that assists to develop your company. This approach genuinely performs for service business through which setup bills are incredibly low at times and staff is not needed initially.
3.You may also have bank loan.
Each one of these technique have constraints, so the fourth method is venture capital fund to get big quantity of cash regarding rising company quickly.
For more information about private equity visit our website.
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[Recorded: May 9, 1963] This vintage film features MIT Science Reporter John Fitch at the MIT Computation Center in an extended interview with MIT professor of computer science Fernando J. Corbato. The film was co-produced by WGBH (Boston) and MIT. The prime focus of the film is timesharing, one of the most vital developments in computing, and one which has come in and out of favor several times over the last several decades as the dichotomy between remote and centrally-managed computing resources played out; the latest incarnation for centrally-managed computing resources is known as cloud computing. Timesharing as shown in this film, was a novel concept in the early 1960s. Driven by a desire to more efficiently use expensive computer resources while increasing the interactivity between user and computer (man and machine), timesharing was eventually taken up by industry in the form of special timesharing hardware for mainframe and minicomputer computer systems as well as in sophisticated operating systems to manage multiple users and resources. Corbato describes how after the mid-1950s, when computers started to become reliable, the next huge challenge to improve productivity and efficiency was the development of computer languages, FORTRAN being an example. One of the next bottlenecks in computing, according to Corabto, was the traditional batch processing method of combining many peoples computer jobs into one large single job for the computer to process at one time ?
Video Rating: 4 / 5
Article by Urtechmate
Digging Insight Elements of Computer Support ? Computers ? Operating Systems
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Computer technology has transformed the world, and its significance is apparently visible in every walk of life. What was not possible in days is now possible in minutes. Job that required effort of hundreds of people can now be accomplished by a single person. It?s the technology that fosters us to explore the universe, and make new benchmark in every field. If today I say it?s coming closer to us, then it would be somewhat incorrect, rather than I should say that we are soaked in technology from top to toes across all breadth and length of life. Let?s take example of Basis Band that received the innovation award at the Consumer Electronic Shows 2012, Las Vegas in the health and fitness category. A user just needs to wear this as a wrist watch, and it will monitor the activities related to the heart, brain, blood-sugar, oxygen level in blood, etc. and come up with a broad and simple-to-know report that will translate his/her health quotient. The device uploads the evaluation sheet to user account in cloud via a Bluetooth, and pretty similar as software is updated, the device stays updated with the latest technologies. Face book with about 900 million and growing customer base has brought the revolution in social life of a person, community, nation, and as a whole of the planet. Hence, it won?t be an exaggeration by saying that it has become the ?Blood-Life? of all.
When something is so much vital, then there must be a proper system to look after it. Indeed we have a discipline of computer technical support, and fortunately the inception of remote technology and the Internet has carried it to every PC, laptop, net book, tablet, Smartphone and gadget? user. People don?t need to walk out to any repair shop or service center. What they need is to call on the helpline number of a service provider to avail of the support services. Experts can diagnose ailing machines over the Internet, comprehend the causes of a problem and troubleshoot that instantly at the comfort of users? home or office. If computing device is in warranty period then service providers won?t charge anything for their service.
Novices may find it something unusual as how a person sitting at a remote place can fix computer problems, but yes, it?s a fact. And individuals and businesses are making use of it to simplify various software and hardware related ditches to make max of the technology. As a part of making excellent relationship with consumers, manufacturers also come up with their limited hardware warranty. Under this, visiting, parts and labor costs are bore by them only. Stepping forward some vendors like HP, Dell, and Acer have also included accidental protection program as a part of computer support that safeguards consumers? investment against accidents like liquid spill, electronic surge, drop and other cases where hardware components get hurt. In these cases, either engineer will provide a PC repair service or will get users? machine replaced with a new one. Understanding the globalization prospect vendors are also offering international warranty support and protection from lost and theft.
Hence, consumers are on much safer side than ever before. Comprehensive computer help services empower them to go the extra mile to achieve their dreams.
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They?re knocking on the lender?s door. As mortgage rates have tumbled to all-time lows, demand for refinancing has fired up homeowners nationwide.
And it?s not just those drowning in underwater mortgages. With rates for 30-year mortgages hovering below 4 percent since last October, all kinds of homeowners are trying to get their monthly mortgages reduced, say lenders and mortgage experts.
?It?s huge. It?s buried our staff and every other lender in town,? said O.J. Vallejo, mortgage consultant with First Priority Financial in Sacramento, who said his three-person staff has been working six days a week the last four months.
Nationally, refinance volume ?has been running at a three-year high in recent weeks, as mortgage rates remained extremely low,? Mike Fratantoni, vice president of research for the Washington, D.C.-based National Mortgage Bankers Association, said in an email. ?With refinances, the No. 1 driver is interest rates.?
Along with months of record-breaking low interest rates, other factors are driving the refinancing boom: a competitive lending market and changes in some federal refinancing programs for struggling homeowners.
It?s prompted many established homeowners with old-school, high-interest mortgages to decide it?s time to refi.
Neil and Louise Mueller, longtime Land Park residents, were encouraged by their financial planner to look into refinancing their 26-year-old mortgage last spring.
?It was almost too easy,? said Louise, an American River College counselor, who said the process, including a home appraisal, took about three weeks.
The result: Their 30-year, fixed-rate mortgage dropped from 5.12 percent to 3.87 percent, which lowered their monthly payment by about $100. They also pulled out about $11,000 for savings and for a family cruise overseas with their two adult children.
Generally the primary reasons for refinancing a mortgage are to:
? Lower monthly mortgage payments.
? Eliminate the unpredictability of an adjustable-rate mortgage by switching to a fixed rate.
? Free up home equity cash for home improvements, college costs or other expenses.
? Shorten the loan term, say from a 30- to a 15-year mortgage, which can save thousands in interest payments.
Saving money is usually the biggest incentive.
Calling the low rates ?historic,? John Winters, a wealth adviser with Morgan Stanley Smith Barney in Sacramento, said he recently advised all his clients to consider a refi. Especially for those ?finding it difficult to live with? the anemic returns on low-interest CDs and bonds, freeing up monthly income by refinancing can make sense, he said.
It?s a personal calculation that varies. Generally, you look at how long you plan to be in your current home and whether the upfront costs outweigh the monthly savings.
?If you?re not going to be in your home another one or two years, you?re not going to recoup the closing costs,? said Greg McBride, senior financial analyst with Bankrate.com.
?Everybody?s situation is different,? said mortgage consultant Vallejo. ?There?s no right or wrong answer. The only answer is what works for your family.?
Some couples who refinance are looking ahead to retirement.
?Paying off the mortgage is now back in vogue,? Vallejo said, especially for those in their late 40s or 50s, who want to be mortgage-free at retirement age.
That doesn?t necessarily mean they?ll lower their monthly payment by refinancing. For example, a couple with a $250,000, 30-year loan at 5.25 percent three years ago would have been paying about $1,380 a month. If they refinanced their current balance to a 20-year, 3.5 percent loan today, their payments would increase slightly, to $1,405.
?Their payment goes up $25, but they just took seven years off their mortgage,? said Vallejo. ?That?s almost $116,000 in interest. That?s huge.?
On the other hand, younger homeowners with kids might choose a 30-year mortgage when they refinance because they need the lower monthly cash flow to save for college or pay off debt. Or those with adjustable mortgages due to reset to higher rates may want to lock in single-digit rates.
The mortgage rate you?ll be offered depends on numerous factors, including: your credit score, loan amount, loan-to-value ratio (how much you owe compared to the home?s appraised value), length of your loan term and type of home (rates on condos, rentals and vacation homes are typically higher.)
Lots of mortgage ads promise ?no-cost? loans. According to some lenders, that?s a misnomer.
?It really means ?no cash out of pocket,? ? said Vallejo. ?There?s no free lunch; somebody is paying for it.?
Typically, in a no-cost loan, all closing costs and pre-paid items (such as appraisal fees and credit checks) are paid by the lender and built into the interest rate.
It pays to compare quotes from several lenders because they offer different rates and fees. Start with your current lender or sit down with a local loan originator. You can also do refinance comparisons online, using mortgage calculators at sites like Bankrate.com or those of individual banks and lenders.
If you?re a struggling homeowner, ask your lender about changes in the federal Home Affordable Refinance Program and FHA refinance programs that have made refinancing options more plentiful.
Bankrate.com?s McBride said the refinance market is particularly ?compelling? in California, where home prices have bottomed out and there are lots of competitive lenders.
But don?t focus solely on interest rates, said McBride. When comparing refinance quotes, look at appraisal fees, title searches and closing costs. And be sure you?re comparing the same loan terms, not a 15- and a 30-year, for instance.
Be sure the lender is in good standing.
Tom Pool, spokesman for the state Department of Real Estate, said state and federal licensing standards for mortgage originators are much stricter than they used to be, which ?has weeded out most of the bad actors.?
Nevertheless, you can check a company?s or individual?s licensing status at the state Department of Corporations (www.corp.ca.gov) or the Department of Real Estate (www.dre.ca.gov).
Pool also recommends online searches at sites like the Better Business Bureau (necal.bbb.org) to see if the lender has been linked to bad practices or scams.
Even though interest rates have inched upward in the last month, you?re probably not too late.
?It?s not worth losing any sleep over,? said Bankrate?s McBride. ?Given the European debt crisis, (interest rates) can?t rise appreciably.?
On the other hand, the national mortgage bankers group predicts mortgage interest rates will ?drift slowly higher? next year, leading to significant declines in refinance activity.
Above all, make sure a refinance is right for your situation.
?It?s a significant financial transaction,? said Edward Achtner, an Oakland-based regional sales executive for Bank of America. ?If buying a home is the largest transaction a consumer embarks upon, a refinance is a close second. Do the research, evaluate the different options. Take your time and do not be pressured into making any decisions.?
? Copyright The Sacramento Bee. All rights reserved.
Article source: http://www.sacbee.com/2012/08/26/4755335/personal-finance-is-a-mortgage.html
Source: http://www.rankinrealty.net/2012/08/personal-finance-is-a-mortgage-refinance-right-for-you-2/
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The shooting deaths of two American soldiers in Kabul by an Afghan colleague are under investigation, with Afghan officials are saying it was an accident. NBC's Atia Abawi reports.
By NBC News? Jim Miklaszewski and Courtney Kube and wire reports
An Afghan soldier shot and killed two American soldiers on Monday during a dispute in Laghman province in Afghanistan. The Afghan soldier was then shot and killed by U.S. forces.
"ISAF troops returned fire, killing the ANA (Afghan National Army)?soldier who committed the attack,'' the NATO-led International?Security Assistance Force said in a statement.
A senior military official in Kabul strongly disputes an Afghan military account which claims the two Americans were killed accidentally when the Afghan tripped on his weapon, which discharged and struck the U.S. servicemen. ?The Afghan account is tortured beyond belief and total bull****,? the official told NBC News.
The deaths in Laghman brought the number of foreign?soldiers killed this month to 12, prompting NATO to increase security?against insider attacks, including requiring soldiers to carry?loaded weapons at all times on base.
The deaths also come a week after U.S. Joint Chiefs of Staff chairman?Martin Dempsey visited Kabul to talk about rogue shootings and?urge Afghan officials to take tougher preventative action.
Taliban behead 17 civilians after 'late-night dance and music party'
There have been 33 insider attacks so far this year that have led?to 42 coalition deaths. That is a sharp increase from 2011, when,?during the whole year, 35 coalition troops were killed in such?attacks, 24 of whom were American.
In all, 73 Americans have been killed by so-called ?friendly forces? in the nearly 11-year war, with more than half occurring in the past eight months.
NBC's Richard Engel discusses the troop "surge" in Afghanistan ? something touted as a success by the military, but questioned by many Afghans and also some in the U.S. who worry the troops will leave in 2014 with Afghanistan as a failed state.
Afghanistan's government said on Wednesday it would re-examine the files of 350,000 soldiers and police to help curb rogue shootings of NATO personnel, but accused "foreign spies" of instigating the attacks.
Afghan sources: Top Haqqani militant commander killed
The killings, many of which have been claimed by the Taliban as evidence of insurgent reach and infiltration, have eroded trust between the NATO-Afghan allies and are complicating plans for transition to Afghan security within two years.
NATO commanders have played down the threat of infiltration, blaming most of the shootings on stress or personal differences between Afghans and their Western advisers that ended at the point of a gun, a frequent occurrence in Afghanistan.
But the U.S. general leading NATO forces in Afghanistan acknowledged last Thursday that the Taliban could be traced to more insider attacks than previously acknowledged, accounting for about a quarter of the cases.
US deaths in Afghanistan hit 2,000 in 'forgotten' war
The Afghan government agreed after Dempsey's visit to improve the vetting of army and police recruits by requiring stronger guarantors, a more stringent test questionnaire and biometric data on all would-be and existing personnel.
More undercover intelligence officers would be recruited and placed in Afghan security forces to keep an eye on soldiers and police, while security force members with families in neighboring countries would be heavily scrutinized for possible relations or exposure to cross-border insurgents.
But President Hamid Karzai's spokesman also said the number of attacks was also relatively small given the presence of 120,000 foreign troops among 350,000 Afghan security forces.
Reuters contributed to this report.
More world stories from NBC News:
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Dear Dr. Pat:
I?have read the stories of reunions at?this site for several years now, and really enjoyed the series this summer.? It seems that everyone else has a family where the brothers and sisters are happy to see each other and make these special times as we grow older meaningful?apparently without envy or strife.? I am the youngest of eight children . . . the ?oops? baby, younger by eight years than my youngest brother.? My father died when I was ten and my mother just withdrew from life.? I was left alone with a severely depressed mother, and my brothers and sisters knew that I ran the house, did the shopping, and cooked our meals.? They came by for dinners I planned and cooked, but never asked how I was or offered to include me in any event that I wasn?t in charge of.? I became a trained chef and have been in the hospitality industry my entire life.? I am 45 now and never married, because the life of a chef is not conducive to creating a stable long-term relationship.? But I love my friends and our shared passion for food, wine, and entertaining.
I look forward to and dread family reunions.? Both of our parents are dead now and I live in the family home.? When we have family events, I am always the hostess:? the big summer reunion, Thanksgiving, Christmas, birthday parties.? I don?t mind creating the meals and making these events memorable, but? I always end up fighting with my older sisters about what I have chosen.? We? even disagree about the table settings. And they don?t know anything about entertaining.? Everyone loves the food and the pretty table, but there is always tension in the kitchen and during the meal.? After dinner, I am left to clean up.? I am really angry that no one appreciates what I do to keep the family together.? Why do grown-up brothers and sisters?who make up a ?family,? after all?continue to act as if they are children?
?Sarah
Dear Sarah:
No analyst ever described families any better than Tolstoy, who famously wrote, ?Happy families are all alike; every unhappy family is unhappy in its own way.? I can understand how the lifetime of parental abandonment and neglect and the decision on your part to provide an essential component to nurturing for both yourself and others through the creation of beautiful meals was your childhood attempt to get some attention and reward from your mother and siblings. It is possible that your ownership of the family home and your in-charge attitude in the kitchen and the dining room engenders envy and other toxic emotions in both your siblings and in you as well.
?
I have asked Dr. Cecilia Ford?a clinical psychologist in New York City who has great experience in working with patients who still carry burdens from family-of-origin relationships?to write about your question.? I would like to suggest that you may benefit, at 45, from some time with a therapist.? Do remember that we can never change others, but we can change how we feel . . . about our past, ourselves, and our relationships.?Then we may be able to change how we act.? ?You may decide that it is time to let your other siblings entertain the family.? I am sure these meals won?t be as perfect as?those you would make, but that is a change in attitude that you can control.? And over time you may decide that creating a ?family? of those friends and colleagues from that special world of ?foodies? is a way to have the real family that you want.
Best,
Dr. Pat
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Guilt, Unburied Hatchets, Toxic Relationships: Sibling Rivalry in Midlife
By Dr. Cecilia M. Ford
No matter how old we are, the template of our early family relationships stays with us throughout our lifetime. Naturally, we mature, develop, and gain both insight into ourselves and wisdom about others. As a result, many aspects of relationships become smoother and more peaceful. One group that remains often troublesome is siblings.
Conflict between siblings is so ubiquitous that I would guess that on a word-association test most people would say ?rivalry? when prompted by the word ?sibling.? But what?s more surprising is how much of the conflict continues as we age. Below are five common issues that persist, often well into mid-life (and beyond):
?Rivalry
Rivalry is by far the most common, persistent, and resistant to change of the sibling issues. Sometimes it is the result of an accident of birth order (e.g., two sibs of the same sex and close in age). Many times the rivalry is exacerbated by real family dynamics? (e.g., ?Mom really did like you best?). Most often it is a very complex combination of many factors?including, but not limited to, those above.
Unfortunately, parents can favor one child over another without being aware they are doing so. The difference in treatment can be subtle, but the effects can be dramatic.
Sometimes the rivalry can wax and wane over the course of adulthood as we learn that life can favor one person over another, and our rival may come in for her share of hard knocks. But that may not be the case. Furthermore, the competitive spirit can be lodged so deep that we are not appeased by our relative good fortune, but, rather, continue to feel threatened no matter what the circumstances.
These feelings not only disrupt our relationships with our adult siblings but also have the power to be transferred onto others in our life. If you have a history with a sibling that is laced with unresolved feelings of competitiveness and its ?evil twin,? envy, chances are that these? issues pop up in your other relationships as well.
?Failure to Separate
On the other hand, some siblings stay close as they grow older. This is fine until it presents a problem for creating independent relationships. A typical scenario involves one sib?s wanting to move on (often with a romantic partner), which upsets a long-held balance between two very close siblings. This can set up a seething rivalry and resentment between the new spouse and the ?left-out? sibling that is never fully resolved, even after the second sibling is married herself.
?Guilt
There are many, many reasons why siblings feel guilty toward one another. There can be wounds, real or imagined, that we have inflicted on one another. More often, guilt is experienced by a sibling who has triumphed, been favored, or won the genetic lottery in some way that has left the other(s) at a disadvantage. Even though this is not (usually) the winning sibling?s fault, she can feel guilty anyhow, because, consciously, or unconsciously, we all prefer to win rather than lose.
This problem is especially severe in families that have a child who is significantly disadvantaged in some way?e.g., mentally or physically handicapped. The healthy sibling not only feels guilty for ?winning,? but also guilty for feeling anger and resentment over all the extra trouble, expense, attention, etc. created by the sibling?s handicap.
People who have grown up in these kinds of families often have persistent feelings of ambivalence about winning, as well as guilty feelings that are difficult to allay, even if the troubled sibling?s situation has improved.
?Unburied Hatchets
This issue, along with its corollary, Family Secrets, allows siblings to persist in a toxic ?time capsule.? As long as the past injury is never brought to light, no one has to face whatever painful truth is being hidden. If a sib is still angry many years later because her sister seated her at the wrong table at her niece?s wedding, she may be using this to shield much more long-simmering resentments that haven?t been aired. But if the family has tacitly all agreed that ?We Don?t Talk About That,? our only choice is to go on pretending that these violent feelings were brought on by the seating chart.
?Toxic Relationships That Can?t Be Changed
There are some sibling relationships that are so toxic, so resistant to change or to improvement, that a time may come when we should consider cutting loose. Just because someone is a blood relative doesn?t mean that she is your lifelong curse. Some people have genuine sociopathic tendencies. Some are so angry at you that they genuinely mean you harm. Others, like chronic addicts or debtors, may have come to you for help many times and squandered it. The benefit of the wisdom that comes with age is that we may be able to make more reasoned judgments about these troubled siblings than when we were younger. For example, the addict who has used your cash to gamble or drink over and over may not seem worthy of your children?s college funds any more. Furthermore, your experience is telling you that your ?help? is not helping. It can often take many years and be very difficult to decide to cut loose, but in some cases there is no other road to improvement.
Sibling issues can lie dormant and then re-emerge during holiday gatherings, family reunions, weddings, and funerals. The most dangerous ground of all is the inheritance. If the parents? wills are not very well and fairly written, they will always be breeding grounds for whatever latent pathology the siblings harbor toward one other.
On a brighter note, siblings can draw closer as their parents pass away, finding strength in each other through their link to their common past.
Photo by cobal123 via Flickr
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Cecilia M. Ford, Ph.D., has been a psychologist in private practice in New York City since 1987; her current areas of focus are chronic illnes and depression, eating disorders and body image disorders, sexuality and relationships, and parenthood and careers. Patricia Yarberry Allen, M.D., director of the New York Menopause Center, is a gynecologist affiliated with New York-Presbyterian Hospital, a board certified fellow of the American College of Obstetrics and Gynecology and a member of the North American Menopause Society. The president and a founding member of the board of Women?s Voices for Change, Dr. Allen is a spokeswoman on women?s health. She was the inaugural speaker for the Iris Cantor Lecture Series on Women?s Health at the American Hospital in Paris. Dr. Allen has been interviewed by The New York Times, USA Today, regional newspapers and major television news programs on womens health issues and is a contributing editor for More magazine.
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Lotus gourmet powder ( 600186) :circular economy price leader in May 8, 2008, international data company ( IDC ) issued China offshore software outsourcing market of 2008-2012 year forecast and analysis .
According to the report, China offshore service outsourcing market size and maturity are maintained strong growth momentum .2007 China offshore software outsourcing market dimensions amounts to 1970000000 dollar, than 42.
4% growth in 2006 ( RMB income according to the 2007 US dollar against the RMB exchange rate on the average ) .IDC predicts, to 2012 market dimensions to will reach 8950000000 dollar ,the 5 compound annual growth rate of 35.
3%. although Chinese software ( love shares, prices, information ) outsourcing business start late, but has shown a trend of rapid growth .China Outsourcing Market in its own advantage and attract people development speed to become India top competitor ,international agencies to regard China as a of Multi-National Corporation services and outsourcing business potential of emerging markets .
In the development of service outsourcing industry, China has be richly endowed by nature . The advantages of the Ministry of Commerce Institute of Multi-National Corporation He Manqing of research center vice director points out :in the service multinational investment in the spring tide, China has vigorously develop modern service industry .
The foundation of international transfer of service industry and to undertake basic conditions. After the reform and opening up 30 years of development, China already has a considerable economic strength and good economic environment ,the strategic adjustment of the economic structure ,further promote the service industry in the national economy status and the function ,coupled with high levels of information infrastructure and strong information technology industry support ,these are for the service outsourcing industry development provided a good external environment and infrastructure .
Meanwhile ,China in the education level has greatly improved ,with the popularization of high school ,college enrollment and other measures of the facts ,the high degree of talent increases ceaselessly .
According to the Ministry of education data, in 2008 the whole nation college graduates hit record 5590000 people ,640000 more than last year, amplitude is close to 13%. ,chairman and chief executive officer, Liu Tianwen thinks ,in the development of service outsourcing industry in China ,the human resource is the biggest advantage.
Although China service outsourcing industry has a strong competitive ability ,but also ought to see ,in the international market share of Chinese share with outsourcing capacity is not proportional .
According to the Booz Allen Hamilton report, India ,in the global outsourcing City Field account for 43% of the share, and China has 12% share. The wine is also deeply afraid of the alley .
China service outsourcing has many favorable conditions for development and a strong competitive strength ,but Chinese software industry lacks international influence brand. In 2008 April, the United States of America in Microsoft headquarters organized by " China business communication ;" ;.
Microsoft ,with native Chinese outsourcing partner dialogues spoke Chinese ,have very strong software outsourcing strength ,but because of the lack of brand ,which makes many Multi-National Corporation outsourced first think of India instead of China .
Due to the China service outsourcing industry is not familiar with foreign buyers ,miss " ;quality and cheap " ;.Chinese enterprises. Enterprises to create brand value which is a brand of economic times .
The United States brand value association president Larry Wright said " ;has market than to own the factory is more important, and have the market is the only way to have the dominant brand in the brand .
" ;often contains enormous value for service outsourcing .Industry, this is how they further tap the market potential of a golden key .The brand of the enterprise is behind the strength of the support .
fashion company CEO Chen Qi Thai said :" ;brand management is the most important consumer goods .This thing will be to buy a home, he is with your merchandise home ,not with your packing or other things back, so the product brand management the core.
" ;for service outsourcing industry ,its product is its service and its production results. China service outsourcing industry with the rapid development of the situation to create its own brand of outsourcing .
China base and R & D capability is very strong ,IBM ,HP ,Microsoft and so on these large multinational corporations have set up in China headquarters and R & D center is the so-called " ;first come, first served ," ;a large part of China Outsourcing Enterprises Outsourcing share comes from these large Multi-National Corporation.
Po-yen President Wang Bin introduced :" ;good ,louboutin pas cher,large strategic customers generally have relatively stable demand ,basically these clients to support service operators operating architecture " ;so in China outsourcing business to these large customers make they were satisfied with the service " ;" ;later, these large customers to outsourcing business is sustainable procurement ,louboutin pas cher,also bring brand effect .
In China Outsourcing Enterprises Industry before 10, Neusoft ,evens ,Boyan ,iSoftStone etc. ,who possess such several large customers. Funds favor rapid development ,need increasing funds chain .
2006 years before ,China outsourcing business development had encountered from the capital bottleneck. In the rapid development of business at the same time ,the fund chain break ,so that enterprises in staff expansion and to undertake large-scale projects restricted.
In this period ,grasp the opportunity to enter into the wind ,to meet their own profit at the same time, the supply of funds ,management experience ,customer resources and other aspects for Chinese enterprises a lot of help.
In 2005, it gained associate investment and DCM jointly funded nearly 7000000 dollars in 2006 April .Subsequently ,it acquired Sequoia Capital ,associate investment and DCM combined with investment of $25000000 in 2006 July by financing ,led by Ventures Granite Global ,set the rich ,Intel ,IFC ,Dfj ,Mitsubishi UFJ securities and Sumitomo Xiang Haihui software ( International ) investment 30000000 U.
S. dollars. In 2006 September, Intel company to China the largest software outsourcing company Neusoft invested 40000000 dollars . 2005 ,iSoftStone acquired from wing Granville investment ,Eitomi Yasuke venture Endowment ,and then in 2007 obtained from wing Granville investment ,fund ,Eitomi Yasuke and Mitsui ventures totaled $45000000 in the second round of financing for software outsourcing industry by venture capital ,IDC China software and services research analyst Yu Qian thinks :venture capital investment very keen sense of smell ,they on China offshore software outsourcing enterprises in this industry wide development prospects.
Venture capital enter, not only to solve the financing bottleneck problem ,can also use their own advantages to promote outsourcing enterprises listed in acquired Sequoia ,Lenovo and other risk investment based on 12 December ,2007 Japanese thinking information technology company limited the success of American stock market the motherboard mm listed on the New York stock exchange ,has since become the Chinese software outsourcing industry is the first in the United States listed enterprises .
Prior to this ,there are many outsource companies listed on the .2004 international in Hongkong GEM listed .2007 year in May 10th ,Sinocom software group Limited by Share Ltd successfully landed in Hongkong main board .
2007 year in December 25th ,in 1996 the Neusoft group ( listed love of shares ,prices, information ) the overall city plan access to the China Securities Regulatory Commission has Conditional approval, convertible absorbed through the merger of Neusoft group to achieve the overall market .
But it is still listed in the industry caused great repercussions .Since China outsourcing enterprises first landed in America NYSE ,is also China outsourcing enterprises listed in the United States as the first single .
On the listing problem, VanceInfo President Chen Lifeng introduces to the reporter :in " ;the United States listed ,mainly taking into account the American investors to new economy investment ability and analysis ability some .
" ;at the same time ,can let the United States listed more customers to recognize China company." ;we listed after the fact, to whole industry also played a role .It proves that " ;debuts at 9.
96 dollars ,than the issue price of $8.5, up $1.46 ,or 17.18%. but good times don ,because the United States sub-loan crisis and economic recession, the stock has declined ,and the last 3 months, stock prices rose sharply ,P / E ratio reached more than 30 times ,www.louboutindefrances.com,the highest price of $13.
98 ,www.christianlouboutinoutletinusa.com,significantly outperformed the Dow and Nasdaq index at the same time ,also exceeded many listed in the United States of India giant performance . In this regard ,VanceInfo President Chen Lifeng to think ,Listed at the beginning, investors in the company also do not understand ,thought it as outsourcing enterprises ,by the American economic downturn impact, stock price fluctuation can hardly be avoided .
But in fact it is the source of most of the business of foreign companies in China ,these operations with the Foreign Company in China ,by the United States sub-loan crisis is very small ;and ,China the outsourcing industry there is a big space ,development situation is generally good .
For it ,the past two quarter report is very good ,not only to the acceptance of Wall Street ,and beyond the expectations of investors ,proved that the company capacity ,thus obtained the confidence of investors ,the shares rose sharply .
However ,in the enterprise the development and brand in the process of creating the many challenges still exist in.2008, for the outsourcing of enterprises is very challenging year .International big environment is the United States market continued to decline ,the dollar depreciates ceaselessly, relatively increasing appreciation of the renminbi.
These mainly cheap labour to attract the employer of the service outsourcing industry is a a severe test. Although the service outsourcing business growth rate is very high ,but the profit level is relatively low ,this is because Most of China outsourcing enterprises mainly engaged in coding ,testing ,data entry and other low-end ,low value-added work .
At the same time, because the software outsourcing service the main settlement currency is dollars ,but the enterprise cost is mainly in Renminbi .The depreciation of the dollar ,Renminbi appreciation led directly to the software outsourcing service profit margin.
For these situation ,big software outsourcing companies and analysts hold an optimistic view IDC Chinese senior analyst Yu Qian to Chinese outsourcing industry foreground view is :" ;generally speaking ,despite the recession of American economy ,we should keep an optimistic estimate of.
" ;Beyondsoft President Wang Bin to express ,the appreciation of the renminbi is an irreversible trend in the short-term .There are some effects in the long term ,the outsourcing industry is a warning .
This will require the enterprises to enhance their competitiveness ,into the army high interest rates ,high value-added high-end market. For the depreciation of the dollar ,RMB appreciation of the current economic situation, the wave of the group of software outsourcing business general manager Eric Kong Lee is introduced: the tide is currently by expanding the scope of business ,improve value-added ,strengthen business ability ,and strengthen the overseas team building etc.
To avoid losses. And evens President Chen Lifeng expresses ,company business is mostly settled in Renminbi ,which forms a natural hedge ,so little effect of devaluation of US dollar on it .
Although the United States in order to save the increasingly sluggish domestic market and rising unemployment ,introduced restrictions on outsourcing motion ,the short term may have some effect ,but ,louboutin,in the long term, the United States this practice is prove futile .
IDC senior analyst Yu Qian of the view is utsourcing is the globalization of resource distribution results ,this trend is irreversible ,the government behavior to conform to the trend of economic development .
The United States economy on China effects can be said to be .It may be one divides into two. On the lower end of the outsourcing business caused great impact, require enterprises to improve the competitiveness ,the development of high-end business ;but on the other hand ,louboutin shoes,for saving cost requirements ,there will be more business outsourcing, the Chinese enterprise is a chance.
The whole American recession on China economy is to promote outsourcing industry integration is a process we can see ,the service outsourcing industry development is no longer simple cheap labor to undertake single outsourcing service Service industry ,with the development of the industry ,outsourcing has been deep into the employer ,a higher gold content .
Therefore ,www.flouboutinpascherfrance.com,quality requirements to the far greater than the price ,the competition of the enterprise is how to provide more quality services ,delivered to the customer a beyond his expectation of services or products .
Enterprises with their own efforts and strength to establish a corporate brand .China outsourcing enterprises need to continue practicing internal strength of " ;" ;,increase the competitive ability of the enterprise .
The support of government outsourcing branding for service outsourcing industry ,the Chinese government has given strong support. In China eleven " ;five " ;economic development strategy,louboutin pas cher, the development of service outsourcing is one of the most important contents in.
2006 year ten National People passed by the four session of national economy and social development Eleventh Five Year Plan in point out clearly, want " to speed up the transformation of foreign trade growth mode ;" ;" ;construction of a number of service outsourcing base ,and ordered to undertake the transfer of international service industry " ;then in 2007 issued by the NPC and CPPCC government work report once again stressed the need to " ;vigorously developing international service outsourcing in China ,improve the development level of service industry " state ;.
Institute according to the spirit and instructions ,in 2007 the State Council promulgated on accelerating the development of service industry . some opinions of the relevant state ministries and commissions have made a series of development policy and planning ,one of the more important a Ministry of Commerce on the implementation of service outsourcing Qianbaishi engineering " ;" ;notice ,service outsourcing Qianbaishi " ;project objectives are: " ;" five ;" eleven ;during construction ,in the whole nation 10 must have the international competitiveness of the service outsourcing base city ,promote the 100 world famous Multi-National Corporation in the service outsourcing business is transferred to China ,breed 1000 achieved international qualification is large and medium-sized the service outsourcing enterprises, create favorable conditions ,the whole azimuth ( Offshore ) undertaking international service outsourcing business, and continuously improve service value ,achieve the 2010 service outsourcing exports in 2005 based on the quadruple .
,chairman and chief executive officer Liu Tianwen think ," ;L R Qianbaishi project implementation ,on China has the very big promotion. There is a slogan is based on L Qianbaishi engineering to create R outsourcing enterprise.
" ;government in speeding up the service outsourcing base construction ,strengthen the service outsourcing industry development policy support ,plus On service outsourcing talent training ,improve the service outsourcing support services platform ,have done a lot of work ,from taxes ,subsidies ,personnel training ,infrastructure construction and other aspects of support ,to establish a set of relatively complete service outsourcing industry policy support system.
China outsourcing industry is still in the initial stage of development ,government policy support is still needs further improvement. In this respect ,we can draw lessons from the experience of India .
In India outsourcing industry development history ,was able to become world " ," ;office ;and the India government vigorously support the outsourcing industry is inseparable. In addition to the outsourcing industry tax policy ,give aid to energetically ,in on the international market, the government of India and even personally for national service outsourcing for publicity .
The service outsourcing as a strategic industry to develop ,through the national platform ,on the India outer bag brand are thick and heavy in colours " ;" ;packaging. In summary India development experience ,the wave of the group general manager of Eric software outsourcing business Kong Lee said :the government of India has a very clear software outsourcing industry development target and program, very early in the service outsourcing trade goods of foreign trade promoted to the height ,and the And to concentrate their efforts to the international market .
From the employer ,first of all ,it is concerned with the host country political and economic environment ,and is a commercial environment ,infrastructure environment and so on, and the enterprise is integrated in the national investment environment before further consideration .
So for host country, to do first is to form a national voice ,face to the world for publicity, display the national strength and external package industry encouraged attitude. In this respect ,the Chinese government has taken note of this point ,and is a beneficial attempt in 2007.
The Dalian held " ;Fifth China International Software rendezvous " ;,Ministry of Commerce Trade in Services Division Deputy Director Dan Qingjiang said :" ;although in recent years China software enterprises have achieved great development ,but the international influence is not very also ,this and China trading powers do not match the position .
As soon as possible to establish Chinese outsourcing brands ,the Ministry of Commerce will work with the Ministry of finance ,Ministry of information industry and other departments concerned to study the formulation of encouraged to undertake the outsourcing in financial and other aspects of the support policy ,will be included in the catalogue for the guidance of foreign service outsourcing ,Multi-National Corporation to promote service outsourcing business transfer to China ,the inclusion of items And the enterprise must give preferential policies .
" ;May 19, 2008 to 21 ,the Ministry of Commerce to lead Neusoft ,soft ,www.louboutinepascher.com,Boyan ,iSoftStone ,Fai ,Reith ,a letter will be top 20 information service provider representatives and Shanghai ,louboutin,Xi 2 national software export base representing a total of 92 people consisting of Chinese delegation in the United States ,in Washington at the Gartner Outsourcing Summit.
This exposition attracted ORACLE ,IBM ,CA ,Google ,NOVELL ,Intel ,Motorola ,HP and SIEMENS global companies such as Infosys ,Satyam ,Wipro ;enterprises such as India ;Canada ,Philippines ,Mexico and other countries delegation of about 1200 ginseng .
The Chinese delegation to the ChinaSourcing brand ,cooperation ,innovation attitude ,win-win debut Gartner summit. This is the Chinese delegation in second Gartner Outsourcing Summit. During this summit ,the Chinese government and enterprises to introduce participants to the investment environment of China and the development of outsourcing industry the advantage be richly endowed by nature ,louboutin,has caused great repercussions in the government to boost the participants .
Outsourcing brand building on it ,christian louboutin outlet,President Chen Lifeng also the proposal of China ,relevant government agencies can play a great role in the promotion ,to those linked to the government Or is in China the economic benefit achieved by multinational enterprises and groups for Chinese outsource companies in China as its development partners ,to the local enterprises to create more business opportunities .
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