News briefs:February 27, 2008
Posted by
,
No Comments
Contents
- 1 Wikinews News Brief, February 27 2008 0430 UTC
- 1.1 Introduction
- 1.2 Events of worldwide notability, military action, disasters etc.
- 1.2.1 Kenya peace talks put on hold
- 1.2.2 Jersey child abuse case ‘was not covered up’
- 1.2.3 Nigerian election result will not be annulled
- 1.2.4 Iraq demands immediate withdrawal of Turkish troops
- 1.3 Non-disastrous local events with notable impact and dead celebrities
- 1.3.1 Massive blackouts hit Florida
- 1.3.2 Thousands protest privatisation of Australian electricity industry
- 1.3.3 Pakistan’s ban on YouTube lifted
- 1.3.4 Minor earthquake shakes England
- 1.4 Business, commerce and academia
- 1.4.1 Seeds placed in Norwegian vault as agricultural ‘insurance policy’
- 1.4.2 Michael Jackson’s Neverland Ranch to be auctioned off
- 1.4.3 Microsoft Network users experience international outage
- 1.4.4 Video hosting website Stage6 to shut down
- 1.5 Arts and culture
- 1.5.1 N.Y. orchestra helps forge relations with North Korea
- 1.6 Footer
[edit]
No Comments
See More About:
By Steve Gillman
There are easy ways to make money in my opinion, but of course this means different things to different people. For example, do you want easy ways to make money right now, or ways to make the most over time with the least effort? These really are two very different things.
Easy Ways To Make Money Right Now
– Go get a job. Or just work more hours at your present job. Starting a business or learning to invest successfully isn’t easy. A job is easier. To be able to go to work and get a paycheck every week or two guaranteed – that’s easy!
[youtube]http://www.youtube.com/watch?v=TmpGdrVMSFQ[/youtube]
– Sell things. An easy way to make money quickly is to sell whatever you don’t need. Get rid of the second car, the boat you never use, etc.
– Reduce expenses. Stop smoking, and learn how to spend less for all the things you buy. If you can spend $14 less each day on unimportant things, you save over $5,000 per year. That’s like making $7,000 more (you have to earn that much to have $5,000 after taxes).
Easy Ways To Make Money – Eventually
The job is easier than a business, but really only in the near-term. If you define easy as “the most money over time for the least effort,” you need to invest or start a business, or both. I’ve got two stories to demonstrate that idea.
I bought my first home in my twenties, and it was just a mobile home on real estate, but I discovered that I could easily rent rooms. I was soon living for free as well as banking some of the money. This wasn’t a “get rich quick” scheme, but I made as much as $7,000 per year extra from my investment. I had to work to pay off the mortgage, but in the end I was working much less than my friends were.
My second story has to do with this internet business. I spend a lot of time writing these articles now, and distributing them. People read them, click through to my web sites from the link at the bottom, and maybe buy a product that I get a commission on, or I get paid for the advertising clicks. Really, it is pretty easy now, but that’s not how it started.
I worked full time from the start. Six months into it, I was making a net profit of about $2 per day. It was a bit discouraging. I had a lot to learn. Fortunately, I learned my lessons, and as it turns out, I was making something closer to $30 per hour for my time. I just wouldn’t be paid for the first year. Now the business pumps out the money I made from those earlier efforts, and keeps doing so even when I am on vacation.
That’s the way it is with money. If you want more money than a job will provide, you have to invest or start a business. That may mean you work for a dollar per hour to start, so that you can easily collect $100 per hour, years down the road. If that sounds too discouraging, then maybe there are no easy ways to make money.
About the Author: Steve Gillman has been studying money for thirty years (and sometimes making a little). For interesting and useful information, visit his website, Unusual Ways To Make Money;
UnusualWaysToMakeMoney.com
Source:
isnare.com
Permanent Link:
isnare.com/?aid=40365&ca=Finances
">
Barack Obama presents rescue plan after GM declaration of bankruptcy
Posted by
,
No Comments
Monday, June 1, 2009
In a televised speech from the White House at 16:00 UTC today, President of the United States Barack Obama presented a reorganization plan following the 12:00 UTC announcement by General Motors that it had filed for bankruptcy and Chapter 11 protection from its creditors, the largest bankruptcy of a U.S. manufacturing company.
Describing the problem with the company as one that had been “decades in the making,” Obama explained the rationale behind his proposed reorganization plan for General Motors. He stated that his intent was not to “perpetuat[e] the bad business decisions of the past,” and that loaning General Motors money, when debt was its problem, would have been doing exactly that. His plan, he stated, was for the United States government, in conjunction with the governments of Canada and Ontario (which he thanked for their roles alongside the government of Germany which he thanked for its role in selling a corporate stake in GM Europe), to become shareholders in General Motors. The United States government would hold a 60% stake. The government will give GM a capital infusion of US$30 billion in addition to the funds it has already received.
Of the government ownership he stated that he refused “to let General Motors and Chrysler become wards of the state”, and described the bankruptcy of Chrysler, and the bankruptcy of General Motors that he envisioned as being “quick, surgical, bankruptcies”. He pointed to the bankruptcy of Chrysler as an example of what he envision for General Motors, but stated that General Motors was a “more complex company” than Chrysler.
Responding to challenges voiced by political opponents, before the speech, that the federal government would actively participate in the affairs of the restructured company, he stated that he had “no interest” in running GM, and that the federal government would “refrain from exercising its rights” as a corporate shareholder for the most part. In particular, he stated that the federal government would not exercise its rights as a shareholder to dictate “what new type of car to make.” He stated that he expected the restructured GM to make “high quality, safe, and fuel-efficient cars of tomorrow,” and several times described what he anticipated as “better” and “fuel-efficient” cars, after a streamlining of GM’s brands.
He said to the general public that “I will not pretend that the hard times are over.” He described the financial hardship that some — shareholders, communities based around GM plants, GM dealers, and others — would undergo as a “sacrifice for the next generation” on their parts, so that their children could live in “an America that still makes things,” concluding that one day the United States might return to a time when the maxim (a widely-repeated mis-quotation of what Charles Erwin Wilson once testified before the U.S. Senate when nominated for the position of Secretary of Defense) would once more be true that “what is good for General Motors is good for the United States of America.”