Apr 10
Ministers said they would appeal to an international court, after voters in Iceland threw out a plan to repay Britain and the Netherlands for £4bn of losses in the failed Icesave online bank.
The Treasury warned Iceland it would pursue compensation through the courts to replace the cash used by the UK to guarantee savings deposits in the aftermath of the collapse of Icesave and its parent, Landsbanki.
Referendum results showed the Icelandic government had failed to clinch a “yes” vote and clear the way for an agreed repayment plan with the Dutch and British authorities. Final results showed the “no” side had just under 60% of the votes and the “yes” side about 40%.
Iceland’s prime minister played down the significance of the vote, claiming the assets of Landsbanki would be recovered over several years and meet almost 90% of the shortfall.
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Tags: No Vote, Vote
Apr 09
The balance sheet is important to business operations in general. It provides a snapshot of what the company owns and what they owe to outside sources. The balance sheet is also known as a profit and loss account. By either name, this special form of financial statement provides great insight into an organization’s holdings.
Breaking Down the Balance Sheet
To clarify, a balance sheet shows how much money the organization has, how much property they own, and most importantly, how much money they owe. This is beneficial for outside sources to view – bankers, investors, and even potential creditors.
The balance sheet is broken down into several sections. Each section is grouped by liquidity – that is, how easily the particular asset can be converted into cash. The first section is short term assets. Within this category, cash is listed first, followed by near cash assets. Near cash assets are assets that can be easily converted into cash.
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Tags: Balance Sheet, Business Operations, Operations
Apr 05
If your planning to buy life insurance you may have considered talking to your local insurance agent to even looking online. However before you consider one particular option you may want to to take a look at Accuquote first.
Let AccuQuote shop the market for you. Visit us today for your FREE life insurance quote. You may even be able to save up to 70%!
Accuquote has been around since 1986 helping people find the right life insurance policy. Theyve also been highly recognized in the media by CNN, Kiplinger.com, The Wall Street Journal, and The New York Times to name a few.
They also deal with top name insurance companies such as Prudential, Transamerica Life, Fidelity Life, and many more. However they dont just carry an online presence in fact they are located in Wheeling, Illinois and also have a satellite office in Golden, Colorado.
In this article Im going to cover what I like about Accuquote and what I dont, and finally I will cover who will best benefit from Accuquote life insurance.
What I Like
The first thing I like about Accuquote life insurance versus other insurance options is that they allow me to shop the market from one place.
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Tags: Life Insurance, Online
Apr 05
As I noted back in January, the deficit and the debt are real issues, but the “debt ceiling” debate is political posturing. (If you follow the links back a few years, this was originally making fun of Democrats).
I still believe a shutdown will be averted, but if not, here is an article from Michael Shear at the NY Times on the possible consequences: White House Says Shutdown Would Harm the Economy (pay wall)
Administration officials said that nearly 800,000 federal workers would probably be told to stop working if a deal was not reached in the next two days. Small business loans would stop. Tax returns filed on paper would not be processed. Government Web sites would go dark. And federal loan guarantees for new mortgages would become unavailable.
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Tags: Political, Political Grandstanding
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