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Requirements for Payday Loans Minimal, Despite Economic Conditions

While the economic situation in the United States does not look good for much of 2011, at least one bright spot is how those individuals with jobs can get online loans with relative ease.
The basic requirements for payday loans if you have employment are simple: verify that you have a job and a bank account. This is a factor enabling many who lack a good credit history, and therefore access to credit charge cards, to still be able to weather emergencies without loss.Read More »Requirements for Payday Loans Minimal, Despite Economic Conditions

Kindle versus the IPad 2 Tablet – Who Wins?

As an owner of a smartphone, Kindle or a tablet (namely the famous IPad2), people often ask me which one of these devices is mostly useful. The answer is always easy – it depends. It depends on your needs, expectations and lifestyle. It is hard nowadays to resist the temptation of buying an IPad or a tablet PC. There are so many things you can do… yet not so many more compared with what you can do with other gadgets. For me, IPad is an expensive mini-PC – easy to use, fantastic for browsing, emails and small games, but still an expensive gadget. Yet, it is wonderful for several purposes. For example, for reading. You can install hundreds of reading applications and buy books online, all of them looking wonderful in IPad’s screen. You can even install the Kindle app
For me, IPad 2 has a major drawback – it is hard to read books on it. For magazines, the Ipad is the ultimate platform if you want colorful and portable information. But if it is normal reading for normal things that you are looking for, Ipad 2 fades in front of Kindle.
Kindle is ideal for a bookworm with lots of traveling. The display does not emit any radiation, which means that you can read without your eyes getting very tired quickly. For me, a guy wearing glasses, Kindle is a bless – I can have the benefits of a tablet and the qualities of the paper reading in a small, portable device. And kindle is much cheaper than an Ipad – less than half of it.
But this is not all of it. Amazon has a great service called subscriptions – you can retrieve tens of magazines and journals on your kindle and read them over your coffee or in your launch break. Call me a fan, yes, yet the synchronizing of kindle for the magazines or the purchased books is simple and works flawlessly.Read More »Kindle versus the IPad 2 Tablet – Who Wins?

Book Review: “International Management – Culture, Strategy and Behavior” – by Fred Luthans and Jonathan Doh

Some books are great, some books are fantastic, and some are at the average. Some are really bad and some are really outstanding. For me, “International Management – Culture, Strategy and Behavior” is neither of these – but just a bit above average.

Do not get me wrong. A book on international business focused on organizational management/human resources is a new focus. In the current world, where we trade continuously across the borders, we forget very often that the most important thing to do is probably to interact efficiently with our foreign counterparts. Yet, “International Management – Culture, Strategy and Behavior” is not exactly my type of book…

…Which still means that this is a nice study text. There are very few books focused on the cultural interactions at a global level. Read More »Book Review: “International Management – Culture, Strategy and Behavior” – by Fred Luthans and Jonathan Doh

Greatest Crisis Ever – US Debt Default?

If you thought that Greece was a major crisis, look again. Across the ocean, in the economy once considered the engine of the world, the Republicans are playing a waiting game while the world holds its breath. United States, once sacrosanct in terms of budget, my default on its debt. There are only 4 days left until the unthinkable can happen: Congress will not approve the new budget deficit and US will enter into default.
Neither FED, not Treasury commented on what would happen if an agreement is not reached and pushed through the Congress. United States had always in the past a huge deficit (as of June it reached -9.1% of the GDP in the budget balance deficit). Yet, a compromise has always been agreed mutually and the deficit was rolled over. These days, because of a political stand still, this might not happen once more. Read More »Greatest Crisis Ever – US Debt Default?

“The Devil’s Derivatives” by Nicholas Dunbar – a Financial Book Review

the-devils-derivatives-by-dunbar-courtesy-review-wwwdoitinvestcom Well, this was a treat for me. The book was launched on July 12th in the US, and by a day later it landed on my desk, courtesy of the publishers (Harvard Business Review Press), who by a skillful marketing found out that I like such (financial management) books … and sent me this copy without any request from my side. Nice surprise.
I have read many books about the financial innovation and the crisis (at least 5 in the last year) – this should qualify me not as an expert, but at least as a knowledgeable person.
“The Devil’s Derivatives” is a book about both, so if you expect some stories about the history of the derivatives or a crash course on how to make money late in the night in front of your computer screen – call an expert. “The Devil’s Derivatives” rather illustrates the point of view of an outside historian – thus representing a relatively objective view on how the derivatives world exploded and then imploded in the last years.
“The Devil’s Derivatives” tells the most interesting financial story of our times – how the banks invented new financial products to make more money, how were the worldwide investors lured to buy them and how regulators were seduced by the siren song and adopted lax rules for the derivatives. It is a story of greed and deception, a story of smoke and mirrors in the heart of the world’s financial system.
Nicholas Dunbar is well placed to tell such a story. First of all, he is a well known financial journalist in the UK, and thus he followed the story step by step as it developed. Secondly, by his own account he lived in both London and New York and saw live the banking mentality. From the money splashing of the bonus system to the secrecy of the boardrooms, nothing is missed by “The Devil’s Derivatives”.
At last (but not at least), Dunbar is a physicist by education – thus the assertions that the derivatives are more complex that the quantum physics has finally found a worthy tester. He is actually drawing a very neat comparison between the two fields of science – with interesting results.Read More »“The Devil’s Derivatives” by Nicholas Dunbar – a Financial Book Review