December, 2008

Business — 2 Comments
30
Dec 08

Get Rich or Die Tryin’

As usual I opened Firefox this morning and clicked my Google Reader, Oh! “The Six Best Ways to Get Rich…” from Lifehack. I added an star and read the article. Well I want to share it with you:

http://www.lifehack.org/articles/money/the-six-best-ways-to-get-rich.html

Most people have an obsession with wealth. Politicians promise to create it, most popular magazines are filled with gossip about those who have it, and the average person spends much of their adult life trying to obtain it. We are creatures obsessed with money, partly for what it can buy, but also as a thing of value in itself.

But most people misunderstand money. They don’t really know how to obtain it, or how to hold onto it once they have it.

Money is an instrument and “allows” us to do “things”. For this new year, I wish every one to get focused, set goals that bring both, money and personal achievement.

Happy holidays and a wealthy happy new year.

Fun — No Comments
26
Dec 08

Mac vs. PC Death Match – Transformers Style

This is just funny A short film by Visual Effects artist Nick Greenlee which pits Mac against PC in a fight to the death — Transformers style!

News — No Comments
4
Dec 08

Big 3 rescue plan submitted to Washington DC

Never before the Detroit Big 3 car makers have faced such a big challenge. Their financial condition worsened a lot during this year because of both the malfunction of credit market and the sharp drop in automobile sales. Without government bailout, they are likely to go bankrupt soon and cost millions of jobs in the automotive industry. Even if only one of them collapse, it will drag down countless of suppliers and eventually the other two. To persuade the congress to provide financial bailout, the Big 3 have submitted their rescue plans to Washington DC yesterday. Here below is a summary what they will do:

GM

GM will need US$18 billion loan from the government in order to prevent from bankruptcy. In particular, some $4 billion must be available within this month, showing how alarming its cash reserve level is.

To persuade the congress to accept its request, GM promises the following cost cutting measures:

  • Reduce workforce from 95,000 to 65,000-75,000 people
  • Reduce dealerships from 6,450 to 4,700
  • Sell Saab division
  • Sell Hummer division
  • Sell or eliminate Saturn division
  • Downsize Pontiac to a niche brand
  • Negotiate with UAW to cut labor  benefits
  • CEO Rick Wagoner will receive $1 salary – yes, one US dollar.

Ford

The financial condition of Ford is healthier than both GM and Chrysler. It predicts it will have enough cash to survive until the end of next year. While it is seeking a government loan of US$9 billion, it hopes the loan will not be actually used. Ford forecasts its balance sheet will return to black in year 2011 through the following cost cutting measures:

  • Close 6 plants in the next 3 years
  • Sell Volvo division
  • Negotiate with UAW to cut labor costs
  • CEO Alan Mulally will receive $1 salary – yes, the same as his GM counterpart.
  • Sell the company’s 5 corporate aircrafts

Chrysler

Similar to GM, the Cerberus-owned Chrysler needs money within this month to be safe from bankruptcy. The exact figure is US$7 billion. Besides, it also wants another US$6 billion from the government funding for green vehicles. For cost cut, Chrysler did not give details, only mentioning it will rationalise production, forge partnership with other car makers to share platforms and pay its CEO Bob Nardelli a salary of $1 – yes, the same as Rick Wagoner and Alan Mulally.

If your company look for a cheap yet hardworking CEO, you can look no further than Detroit. Yes, they do sometimes take corporate aircrafts to meetings and vacation, but these smart guys can get you billions of free government money.

US sales slide in November

The US auto market is experiencing the most severe sales decline in recent decades. In November, the total sales for all makers dropped 11 percent compare with October, or 37% compare with a year ago. In particular, GM dropped 41%, Chrysler 47% and Ford 31%. Even the Japanese could not escape from sharp decline – Toyota slid 34%, Honda 32% and Nissan 42%. Hyundai group suffered a 39% drop. Porsche lost 48% of sales, reflecting luxury sports cars are hit heavily by economy. Among the big car makers, only Volkswagen group (including Audi) dropped by less than 30 percent, which was 21%.

GM: -41%
Ford: -31%
Chrysler: -47%
Toyota: -34%
Honda: -32%
Nissan: -42%
Mazda: -31%
Mitsubishi: -35%
Subaru: -8%
Suzuki: -46%
Hyundai group: -39%
VW group: -21%
BMW group: -27%
Mercedes: -38%
Porsche: -48%

Financial — No Comments
2
Dec 08

Free Theorist: Be One of the Few the Government Hasn’t Fooled

Prechter’s FREE 10-Page Market Letter: Be One of the Few the Government Hasn’t Fooled

Elliott Wave International (EWI), the world’s largest market forecasting firm, has re-released Bob Prechter’s 10-page market letter, FREE!

Downloaded thousands of times in its original launch, EWI has put it back online for a limited time!

Wall Street Legend and best-selling author Bob Prechter reveals 28 answers to questions you may not know to ask and the government definitely doesn’t want you to know.

You’ll read blunt commentary and sharp analysis that reveals the truth about what’s really going on in the U.S. financial markets, in Congress, and at your very own bank.
As the U.S. government pulls a sleight-of-hand trick on the unsuspecting public, you can break the cycle of misinformation by reading this 10-page report.

Click Here to Get Your Free Report

Warning: Prechter’s answers to these questions may shock you.

  • What impact did the so-called “stimulus package” have on the U.S. economy?
  • In an economic depression, will pension funds keep most retired Americans afloat?
  • Who really benefits when the government props up Fannie Mae and Freddie Mac, and what’s the fraud behind the idea of “too important” to fail?
  • Who does the government consider to be homeowners: you and your neighbors, or the banks that hold the deeds?
  • Who really endorsed the emergency Housing Act – and who will be hurt by it?
  • Can the Fed keep making loans to banks forever?
  • Is it actually against the law in some states to warn people of potentially dangerous banks?
  • And many more!

Don’t wait! Get this free report that readers are calling “a wake up call to lots of Americans.”
Click Here to Get Your Free Report

About the Publisher, Elliott Wave International

Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.

Financial — 6 Comments
2
Dec 08

5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading

With the amazing growth of the Forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven’t followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.

1. Have Faith In Yourself

To reach the level of elite Forex trader, you must trust in yourself and your Forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else’s thoughts or ability (or lack of). Of course, you will prepare yourself fully before every risking any money.

2. Accept Your Learning Curve

Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don’t say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fall to this reality day in and day out. You, however, will not risk a dime until you have learned the skills you need to make money trading the Forex.

3. Decide What Type of Trader You Are

There are many ways to trade the Forex. They range from very active to very patient. You must decide which style suits you best. The best time to learn this about yourself is while you are trading a demo account. There is no need to allow your learning curve to cost you money.

4. Get Educated

Education is the shortest path to elite Forex trading. Regardless of your ultimate goals, you will reach them quicker with a great Forex trading education. Take some time to review different options before deciding on who to trust with your Forex trading education needs. A Forex seminar will help shorten your learning curve drastically.

5. Continue to Get Educated

In order to achieve and retain elite Forex trading skills, you must constantly be adding to you knowledge base. Your education should never end. In fact, one of the key points to look for in an elite Forex trading course is ongoing education. It’s nice to have an ongoing relationship with the person/people helping you to achieve your goals.

What separates an elite Forex trader from all others is their desire and ability to be independent. Many traders are willing to follow signals, systems, strategies, or anything else you may call them. By taking this approach, however, these traders are only as good as the people they follow.

An elite Forex trader will lead. Their decisions will be calculated and analyzed to near perfection. They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. Take your trading to their level and you will never look back.

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