Bosco Folding Trailer

The State and the mafia are we doing enough? The

I reflected on the plight mafia that ditching the potential of a country like Italy and hopes of a miraculous people like the Italians.
defame our country. He spits on our reputation. It kills our citizens. Infiltrates in the institutions, the economy, in the "good society." And it does so with money
DIRTY , bathed by the blood of men, women and children, snorted powdered cocaine from our friends, sons and relatives, with the proceeds to blackmail honest people, with lace made payable to entrepreneurs who sweat and break back working with the extortion perpetrated against those who seek to put up some resistance. Protected by
un'omertà hovering on the people involved, at whose side is missing a vital ally called State reigns nearly unchallenged in some Italian regions.

Lately, however, since the arrest of Provenzano, I feel that the climate is slightly changed.

We often hear news of arrests 'important', which allow you to bring to justice fugitives sought for years by public security agencies.

The media give more space to grow and initiatives arising from the common people, as Free or Now Kill us all, not to mention Addio Pizzo, who can speak and make known the disgusting actions of the mafia and promote awareness.
Internet makes it easier to network, share information and organize more efficiently.

Well, something changed. Even in the mentality of people living in the middle of the mafia and those who believed themselves to be far away, but there are actually closer than you think. As emphasized

Don Ciotti, let us remember that behind every crime, " behind every murder, even the most terrible committed by the Mafia, there's always the money " greed inherent in every man that is the beast.

Dear friend, do you think that something has changed, too? And that is changing from the bottom up?
And you understand that every so often on this blog ... What do you think is going on?

Technorati Tags: Mafia , Falcone, Borsellino , Addio Pizzo, Kill us all, Free , Don , Ciotti

Adrian Głuchaczka

Sovranity Founds (or sovereign funds): threat or opportunity? Considerations

cite an interesting article of Sole 24 Ore in May 2007 that after six months it has become almost prophetic, below is the most interesting parts for a final argument that I lead with my partner, and with whom you wish to share an opinion.

Making Globalization reinforces the Member
May 2, 2007

[...]
FUNDS OF SOVEREIGN WEALTH
is not a new fact : Many governments, especially in emerging countries, are seeking more profitable ways to invest excess foreign exchange reserves or revenues - taxes and royalties - generated by natural resources. Thus transformed these resources - foreign currency, oil, minerals - in financial assets. Helps to avoid being dependent on a single market or quasi - that of crude oil or that of U.S. government bonds - and at the same time using only the funds within the country that the economy can absorb without overheating.

a very long list
are now approximately 25 sovereign wealth funds in the world . Some, like the Russian still are managed in a very conservative, others are long more aggressive . The larger the Adia Arab Emirates (875 billions of dollars ) and Gic of Singapore (330 billion) are wrapped in total secrecy: their exact dimensions are unknown. [...]

coup ...
can not but think that, with a mass of money of this size, governments do not use them for political purposes, more or less disconnected from those that represent only a strictly economic constraint. Temasek (Singapore SF, ed ), for example, was an essential tool for the industrial development of Singapore, once a fishing port. Today, projected abroad, especially in Asia - has given the impression of being several times the investment arm of the state border. [...]


... AND INTERFERENCE ON FARMS
Oslo Even in circumstances and in ways completely different, uses its fund for political purposes and thus affect management of some companies. The reason is economic and should not be underestimated : investment in long term, even the slightest risk - those caused by suspected or actual abuse of the Wal-Mart employees, or from environmental damage of the DRD Gold - can take a huge burden in perspective . With the evolution of case law, these companies could be ordered to such huge compensation.
The Fund, managed by the central bank is therefore moral suasion on the companies, will participate in the meeting, sided against the management often, and always in the name of good corporate governance . Some companies, like Wal Mart the same and the Italian Finmeccanica - but this also happens in private funds - are also excluded from investment. Again there are no beginning or strictly political fallout: the Fund in Oslo thus excludes companies involved in military nuclear exclusion of the public while Wal Mart has sparked the protest of the lively ' Directors of Washington.

MOSCOW, BEIJING, TOKYO
What will happen now with Moscow? Russia has not hidden their wish to use its economic resources - the gas first - for strictly political purposes, and not in a pure market logic. The country is neither democracy like Norway, or as small as Singapore. Some fear it is right, even if the size of the fund are limited.
Not so in other cases, some existing funds are huge, others of considerable size, are born to imitate. The China has just created its own "financial vehicle", the Hueijing, from 300 billion dollars, which will grow to 200 billion dollars or more per year, the Korean will Kic soon be enlarged, perhaps to 100 billion, and Japan - thanks to 900 billion currency reserves - could soon be complemented with its own fund or specialized company.

"My rough estimate - said Stephen Jen of Morgan Stanley, which follows with particular attention to the phenomenon - is that these sovereign wealth funds now have assets of 2.3 trillion dollars and that will grow to 500 billion per year. " Few are in the hands of democratic governments.


transfer of power from these considerations is that Jen puts forward three major hypotheses on the development of political and financial world. Globalization, he says, is now developing a transfer of power, especially from private to public. "In addition to a geographical transfer of power from a system centered unipolar hegemony of the United States in a multipolar system - he explains - globalization is also leading to the transfer of economic power in other directions: from private to public from labor to capital and industrial goods to financial services. "

TO THE Financial Protection?
The risks of this new role of the state are many. The biggest is definitely the lack of transparency of most of these funds, which could also become sources of instability financial: their size is such as to transform them into key factors on the markets. The other danger - and it is an undeniable threat to the political tension that creates - is that of financial protectionism .
Episodes such as the Dubai Port which attempts to capture the docks of New York and is rejected may multiply. "The transformation of these central banks by foreign creditors to owners could generate - concludes Jen - political reactions not only in the United States but also Australia, Canada and other countries that have financial assets that these countries are rich in reserves desirable. "

Sovranity I Found a threat and an opportunity? Only one of the two? Henry
What do you think?
And you?
In my opinion we must be extremely careful that the target is made of their capital funds.
As shown, the size of these funds is such that there is a risk that Sovranity Founds going to influence the politics inevitably linked to the economy of a country.
Recently, following the subprime crisis, in some large and historic investment banks have entered Sovereign Funds:


(ANSA) - ROMA, 19 DIC - The sovereign wealth fund China Investment with an investment of five billion dollars is to come in Morgan Stanley, one of the largest U.S. banks, with a stake of just under 10% around 9.9%.

I quote from the Journal :

(the newspaper) - MILAN, Dec 11 - set on a path similar to that which prompted the emirate of Abu Dhabi to 5% of Citigroup in exchange for an investment of 7 , $ 5 billion, the president (of UBS ed) Marcel Ospel has decided to buffer the Swiss group's assets by issuing convertible bonds. These titles will be signed by the sovereign wealth fund in Singapore and in all likelihood, the Government of Oman: Once the circle is closed UBS get $ 11.5 billion in fresh medium.

Well ... Worry?

Technorati Tags: Funds, Sovereign , Sovranity , Founds, Sovereign Funds , Sovranity Founds, UBS , China, Singapore , Morgan Stanley , Subprime

Microwave Inverter Problem

scattered

Hello readers!

New bows to our expert bloggers, keeping afloat bellerrimo our blog while the undersigned is devoted to outlining long rambling speeches.

I wanted to throw me in only a few scattered thoughts.
We come from a wildcat strike of road, and another yesterday that refer to Alitalia unions threaten to block our moribund national airline with a strike during the holidays without any guarantee of compliance.

The government, meanwhile, is (and will) then the indifferent at first, driven by needs, come to terms. So what good is all this? Why mediate and not just to avoid embarrassment? The only reason that comes to mind is that for the long pull the deal could benefit a party, for example the state. Apparently, though, so far out of it with broken bones it was the government (and citizens), while the unions held the knife on the side of the neck, caused severe problems.
E 'fair? E 'constitutional category cause damage to its interests?



PS At least we have seen that the Fiat works just in time. A day without supplies, and stopped all the plants. It 'realization satisfying to see what one studies.


Henry

North Face Embroidered Jacket

are NOT stupid American

This video is hilarious.
On the other hand, however, does reflect on the issue of culture in the U.S., and consequently in the rest of the developed countries.
I'd like to know if in Italy there is a problem of general culture (and "elementary") similar to the U.S., or if we are "made better".

Maybe someone does not come up with the idea of \u200b\u200btaking a digital camera, take to the streets for an afternoon and do some simple question.

it does, I wonder ... =) PS if the video

there like there is British are NOT stupid , here it is:

Street and Finance. Growth of respect for all receipts relating to VAT: +49.1%, while the total increase in indirect taxes is 48.2%. The proceeds from the role of direct taxes, is instead in the period grew by 41.9% compared to the first ten months of 2006.

Source

What do you think?

will be studied area, the Italian economy is growing or becoming more honest?

; O)

Picures Inguil Hernia Lady

Revenue: +44.5% Gross Folders In 10 Months, +49.1% VAT


Look at this table:
Source: PR FRIMA



am noting that Italy is the fourth from last place as the number of fixed-rate mortgages in Europe. Together we have Greece, Spain and Portugal. First thought: are all countries of Southern Europe. There may be some correlation in this data?

Reflecting on the type of interest rate in loans granted, I wonder why Italy (I only speak of this today) has such a strong pronouncement to the variable rate.

To answer this question I think is fair to ask what is the

bank's role in the social system
.
E 'undeniable that it plays a role of paramount importance. Consider, for example, when buying a first house, the bank is a crucial step that is always the path to be able to buy their own homes. hardly no one turns to the bank when you do a transaction.
The social meaning can be expressed in the bank to advise and accompany and help the client in its decisions of life, both as regards the administration of its assets, both as regards the granting of loans to buy goods . For this social role of such great importance, the system degrades when scandals such as Parmalat, Cirio (quoting cases Italian) and the problem of subprime emphasize the presence of distortions in the system. As for the loans it is natural to ask why during the years when rates were at historic lows (

2%) were given adjustable rate mortgages. From personal experience, I know that in some places the vast majority of loans in 2005-2006 was at variable rates, and these were recommended a.

With a fixed rate so low it would be more prudent to recommend fixed rate mortgages, a little more expensive perhaps, but with the security of having a fixed rate regardless of the future conditions market. Some counter-battery
:
"But the banks do adjustable rate mortgages with CAP";
well, what is the CAP?



CAP = Capped Rate



is a product sold in the case of variable rate mortgage with which it defines a maximum rate beyond which the customer does not pay interest to the bank. For the customer a way to protect themselves in case of raising rates, for example, established a maximum rate of 7% if rates were to rise above this threshold, the customer will recognize the bank interest up to the agreed maximum (note the 7 %).

Source

Problem: the threshold of the CAP. If it is too high, this will not help protect customers from rising interest rates (as at the level of 2% could be expected by financial analysts quite inexperienced). If too low, it becomes counterproductive (rightly) for the bank.

The image of the banking system is no getting around it, is debased, dangerous and in bad light. Who can say that I have full confidence in the banking system? In the Italian system is much more important than the relationship established with the people who are inside the branch that confidence in the brand and banking institution.
some time you are trying to "curb" this phenomenon, which is considered harmful for the company, employees fancedo turn at speeds that leave customers bewildered. This is a desired thing: If the employee goes to another bank (and it happens more frequently than you might think) it carries with it the loyal customer and all of its assets. Which is a problem if the customer has a few thousand euro, but it is well worse if we add a few zero.
I think the 'ABI should deal more transparency, honesty and integrity of the work of its members, encouraging healthy competition and severely punishing the banks that violate these guidelines . pruned branches should be dried immediately (or at least, without flourish).

Tiziano





Technorati Tags: Bank

,

Mortgages, Subprime ,

Rate, Interest

, CAP

How High Should The Clothes Rod Be

Mortgages: How's the old world?

I am preparing a post with a reflection on the Italian situation with regard to the loans.

I find

Blog FRIMA of Parma ( graduates in Finance and Risk Management ) some interesting slides of a lecture which covers mainly the financial topic of subprime mortgages that touched on this subject. waiting for the post ... What do you think? Do you have contacts who have problems with adjustable rate mortgages? What is your opinion? There are families who do not fare well at all at this time, often because of the monthly mortgage, the argument is delicate. Especially ... What do you think the My "

travel companion
" Henry?
=)

Infant Sick Spots On Tongue

Loans in Italy: "fault" of banks and lack of financial literacy among clients?

Good evening to all our loyal readers!

I'll be back after a long absence to launch a couple of considerations born as a result of recent marketing studies as well as in the case Alixir by Titian.
start giving a touch of background: it is not new, and we have said in previous posts, that the Italian economy did not surf in gold. Yet, there is a proliferation of products called " premium price", ie the price above the market average: Alixir is the most obvious example, but just to keep agro, I can think Parmareggio , the aged thirty months the advertising bombards us recently (with a mouse which also speaks a dialect unworthy and absolutely not be identified with one or Parmesan cheese), or even certain kinds of sauces, and so on.

Now, how to explain this apparent contradiction?

The reason lies in the so-called

polarization of income: in other words, the national wealth is increasingly concentrated in a relatively small proportion of the population, namely the quintile (20%, ok, you can insult me: P) more affluent.
This means that, first, high quality products and high prices have in fact a market (this is called double-digit growth rates) and, second, or second productions affordable price should be snapped up. All complemented by a decline in products sensitive enough, let's say, average.
Apparently the slogan "
segmentation" is bearing fruit, and today as today is a product of mass and indiscriminate was certainly more difficult than in the past. The above may serve as a springboard for a final comment, which closes the circle and at the same time it explains why the income is polarizing? The reasons are, as usual, many, but due to an evolution of skiing: skills and capacity of the Italian work force today are not as adapted to new production paradigms , as they were only twenty or thirty ' years ago. If the factories of the world are no longer in the West, an economy based primarily on the transformation it difficult to adapt and develop new skills. For their part, that slice of society that are able to carry out work valued and rewarded (the professionals, just to throw a stone into the pond. Yes, the typical drivers of SUVs, assuming that the verb "lead" is most appropriate way to "steer") have piles of pennies.

And the premium price they sell like hotcakes. In fact, lately, maybe more.

Hello beautiful! Henry