Impact of Termination of Iran Oil Supply
Tensions between Iran and the United States and the European Union has a major impact on the economy. The EU decision new import embargo on Iranian oil, elicit a reaction from Tehran to announce the cutting oil exports to the six-nation European Union on 15 February.
Iran’s decision was greeted with soaring market price of Brent crude oil to 124.31 dollars per barrel. Some experts expect pricesto penetrate the $ 200/barel if quietness is not abating.
Director of Monetary Fund estimates that it will create tension in world oil prices jumped 20-30%.
The increase in oil prices will have broad impact on the economy.Transportation rates will rise, commodity prices have also risen. So the cost of living increases. Ability to manage finances well is necessary to face this crisis.
Tightening of spending is not the correct solution in this situation.Due to open it needs to be reduced, but it will grow. The bestalternative is to increase revenue.
We discuss how to increase revenue in other articles.
Bad Habits That Can Make You Bankrupt
The new date of 10, but your wallet is running low. There is no money in savings. Credit card limit has been reached. This marks a real bankruptcy. Why so, probably due to your own natural behavior. If someone else is causing it means fraud or robbery.
There are some bad habits that can lead you into bankruptcy.
1. Windows Shopping
In this digital era’s easy to do the shopping windows. You can find various kinds of interesting stuff on the internet which is connected to the smartphone, tablet, or your computer. No need to leave home or leave the desk. See, like, buy it. For payment can use the funds transfer or credit card.
To avoid this habit needs strict discipline. Avoid opening an online site that sells products konsumtive, do not open email or sms promotions. Use your free time for activities that are more useful.
2. Bringing Cash
Do not carry that much cash, because it would lead to over confidence. You’ll find it has enough money to buy each item.Bring enough cash. Do not be tempted to use credit cards for consumptive purposes. Will only add to your debt burden. Bring enough money. ATM cards and credit card is only used for emergency matters.
3. Shopping With Emotions
Each will buy an item, ask yourself whether you need this or you want. Buy items you really need. Postpone the purchase of the goods you want. Do not indulge in shopping emotions, use reasoning.
4. Make no planning
This is most often done. Not planning daily, weekly, monthly or yearly. Makes people lazy because they feel bothered. Though planning to make things easier. You can iventory you need for daily, weekly, monthly and yearly. If you have inventory you can control your spending.
If you have been able to avoid bad habits 4 above, but still slumped in revenue to bankruptcy. It’s time to take a new step. Improve your career to get a better job, or looking for additional work to supplement your income. finally good luck.
Credit Card Management
Who does not have a credit card now? Certainly not you.Because if you do not have a credit card, why should read this article. For the reference! this is ok.There are several things to consider in using credit cards wisely.
1. Make sure the items you buy with a credit card is you need. Do not use credit cards for purchases or expenditures of a consumptive nature.
2. Use your reasoning rather than desire, in the shop.
3. Make sure you have fresh funds to pay off your credit card bills before maturity. Remember the debt ratio should not exceed 30% of your greatest revenue.
4. Try to pay off your credit card debt before the due date to avoid additional costs or penalties.
5. Pay your credit card debt as much as possible, to less burden of interest.
6. Be selective in choosing a credit card issuing bank. Look closely the implementation of the rules. Do not be tempted by the promotion.
7. If you are currently in debt due to the use of a credit card, thenstop using it. Then pay by increments. You can contact the bank directly to negotiate payment.
Remember credit cards is not the savior god, but he can plunge you into bankruptcy as debt.
Do You Know What Their Job Before Success?
Great people and the world’s richest gain success not from inheritance but through hard work. You do not believe it? Let’s look at some of these figures.Doug McMillon first worked at Wal-Mart at the age of 17 years.He first worked in the warehouse Arkansas with a wage of U.S. $ 6 per hour. Currently, McMillon occupying the highest position in the largest U.S. retailer. Nevertheless, he admitted a lot to learn from his first job and he is still applying his experience it while holding the position of peak current.
2. Michael Dell, Dell
Dell Inc., an information technology company based in Texas named for the founder and CEO, Michael Dell. Dell was founded in 1984. In 2011, Forbes magazine estimated his fortune at U.S. $ 15 billion, so that Dell was in the ranks of the richest people in the world. His company was in a position to-21 of the Fortune 500 list.
Michael Dell started working from age 12 years, with Chinese restaurant dishes disebuah. Wages when it is U.S. $ 2.3 per hour. He was promoted to ‘busboy’ aka janitor at the restaurant.But before enjoying a rise in ‘rank’, he was captivated by a Mexican restaurant. He then left the restaurant industry and took a job at the store of rare coins and stamps, then look for a phone dengna newspaper subscribers, up to age 16 years.
3. John Dasburg, Astar Air Water Cargo
4. Jack Schuessler, Wendy’s International
Wendy’s International, Inc.. is the parent of Wendy’s which is a fast food restaurant and the world’s third largest hamburger. Jack Schuessler has worked at the company for 30 years and from 2000 to 2006 served as CEO.
Schuessler’s first job is to transport the boxes from the factory in St. Petersburg. Louis with a salary of U.S. $ 2.45 per hour. He claimed to work initially repeated more morally motivated killing so that made it hard for 8 hours per day. Despite not enjoying his job, he admitted that he learned much of his work. ”Show me, If you do not show, you will not get paid”.
5. Bill Watkins, Seagate Technology
Seagate Technology is now the largest hard disk drive maker in the world. Bill Watkins joined the company in 1996 and his career continued to rise up to become president and chief executing officer. In 2004, he was CEO until his retirement in 2009.
Career Watkins before the peak position is quite unique. After graduating high school in 1971, he joined the U.S. Army and worked as a medical at Missouri base. After leaving the U.S. forces, he worked the night shift at a mental hospital with the responsibility to arrest patients who were blurred.
Then he left his career and went to California, before finally working on a floppy disk Xidex manufacturer in Silicon Valley.Since then, he had his work in the technology sector.
6. Michael Morris, American Electric Power
Michael Morris is the CEO of American Electric Power, one of the largest U.S. power plant that supplies up to 10% in eastern U.S. interconnection, and also a source of electricity for 38% of the continental U.S. and eastern Canada.
Morris began his career in uais 11 years as a paperboy in the Toledo Blade, Ohio, with revenues of U.S. $ 5 per day. He believes his work has made her good behavior and also for the industry. Now, he applied those qualities to their workers and promote it after that.
7. Susan Story, Gulf Power Company
Gulf Power Company is an electric company based in Florida.They serve 400,000 customers in an area of 7000 square miles from Florida, Alabama to the Gulf of Mexico.
He began his work by writing announcements for weddings, engagements. He claimed that his work provides an opportunity to see the other responsibilities in addition to its main job.
What is your current job? Do not be ashamed to continue to work diligently and intelligently, so you can follow in their footsteps.
Growing Number Of Younger Worker at UE
EU worry about the growing number of younger workers who have not been channeled, this will increase the number of unemployed in Europe. Which could affect the economic and social sectors.According to data from the EU statistics agency, Eurostat, the unemployment rate of men and women in 27 EU member states (EU-27) reached 23.674 million people (9.8%), while in the 17 euro zone countries or areas (AE-17) reached 16.372 people (10.3%) as of November 2011.
Euro zone are EU countries that impose a single currency euro.The 17 countries are Austria, the Netherlands, Belgium, Estonia, Finland, Ireland, Italy, Germany, Luxembourg, Malta, Portugal, France, Cyprus, Slovakia, Slovenia, Spain, and Greece.
Compared with October 2011, the unemployment rate increased 55 thousand people in the EU-27 and 45 thousand people in the AE-17. Meanwhile, if compared with November 2010, the unemployment rate has increased 723 thousand people in the EU-27 and 587 thousand people in the AE-17.
The lowest unemployment rate among the EU member states are Austria (4%), followed by the Netherlands and Luxembourg (4.9%). Conversely the highest unemployment rate recorded in Spain (22.9%), followed by Greece (18.8%) and Lithuania (15.3%) by the third quarter of 2011.
The impact of European crisis on banks in Asia
Euro crisis could create alert the business in Asia. Particularly those that relate directly trade with European countries. Payment transactions using the euro would bring Europe crisis to the Asian.
Asia’s economies are still growing. The World Bank predicts, this year, Asian economies grew 8.2%. But next year’s growth slowed to 7.8%. Cause, weakening European growth and falling commodity prices. According to Hofman, growth reached 7.8%, from Asia could spur productivity and domestic market demand.
During this time, many Asian countries rely on exports too. This condition is very vulnerable, given the demand for manufactured products and commodities in Europe and the United States (U.S.) weakened. Asia condition worsened floods in Thailand.Floods hit several sectors, given that Thailand is the production base of automotive and electronics world.
The impact of the euro zone debt crisis on Asian companies must be “controlled” because of the increase in regional trade and greater reliance on regional banks
Which alleviate the growing domestic market is large enough in countries such as China, India and Indonesia will also help alleviate the impact on the company if the crisis of the euro zone increased.
Director of the International Monetary Fund (IMF) Anoop Singh was quoted as saying by AFP on Tuesday (1/31/2012) said the collapse of Europe into a crisis is hitting Asia in terms of exports because of falling demand for exports from Eropa.Tapi he also stated, for the financial sector , the destruction of the banks in Europe do not give a significant impact on Asian banks. ”My feeling has been the financial sector in Asia did not affect anything. It is a high cost burden. But the demand for credit or financing is not stagnant,” said Singh. Hence Singh saw banking in Asia began to take over the position of European banks.