Monday, 13 November 2017

About Car Insurance

your car

With our comprehensive Car Insurance, you get cover for your vehicle that includes:

Uninsured driver promise

Our cover comes with peace of mind that if your car is hit by an uninsured driver, you won't be penalised for it. As soon as we validate the details of the incident (including the other vehicle's make, model and registration number), your no claims discount will be reinstated and your excess will be refunded to you. Terms apply

Small courtesy car

You’ll get a small courtesy car to help you keep going while yours is being repaired following a claim. There are a few exclusions so please check these. Check exclusions

Fire and theft cover

We'll pay for loss or damage to the car caused by fire, theft or attempted theft.

Windscreen cover

A chipped windscreen doesn’t have to spoil your day. We'll pay for the cost of repairing or replacing your broken or chipped windscreen or windows. We'll also pay for any scratching to the paintwork that might have been caused by broken glass from the windscreen or windows.

Replacement child car seat

We will replace any child seats that are fitted to the car at the time of an incident, even if you can't see any damage. You can't be too careful with your precious cargo.

In-car entertainment equipment cover

This includes any stereo, sat nav, telephone and entertainment equipment, that are permanently fitted to your car.

UK cover extended to EU for up to 90 days

With our Car Insurance, you can drive away on holiday to the EU. No need to pay extra. Your cover is extended to any EU country for a total of 90 days within the period of your insurance as long as you are a UK resident. Great for a last-minute escape.

Our comprehensive Car Insurance includes cover for you and your passengers as standard.
24 hour accident helpline

Accidents don't just happen between 9 and 5. That's why our UK-based accident helpline is open 24 hours a day, seven days a week.
Cover for personal possessions

Our Car Insurance isn't just about the car. The things inside it matter too. So your personal possessions are covered up to the value of £200 if they're lost or damaged in the car following an accident.
Medical expenses

If you or your passengers are involved in an accident in the car, we'll pay up to £100 in medical expenses to treat each injured person.
Personal accident cover

Our Car Insurance provides up to £5,000 compensation for serious injury to you or your partner whilst travelling by car.
Making sure you get there

You can claim up to £150 towards any costs you might have incurred getting to your planned destination (or home) if you're involved in an incident that results in a valid claim. Please note that this only applies to UK journeys and journeys that fall under the conditions of the extended EU cover.
Motor Legal Protection as standard

When you buy your Car Insurance direct from Tesco Bank, you also get up to £100,000 Motor Legal Protection included as standard. This provides you with cover for legal costs and expenses if you ever need to claim compensation for personal injury against the person responsible for the accident, where you are more likely than not to have a successful outcome. Terms and conditions apply; you'll find more details in the policy booklet.

Family Legal Guard is underwritten by Ageas Insurance Limited for policies starting on or before 30 September 2017 and by AmTrust Europe Limited for policies starting on or after 1 October 2017.

Wednesday, 4 October 2017


Image result for rice milling machinethere various kinds of rice milling machines. some are as small as home made grinding machines others are as big as a whole house. it all comes down to how good you want your rice to look and the purpose to which you intent to put the milling machines to. of course you will agree that the large rice milling machines will be more efficient in processing the rice more than the small rice milling machines. but if you intend t purchase your milling machine for business it is advisable to purchase the large machines in order to have a higher quality after processing. below are some of the milling machines available in the market.

 1) 6N40X mini home milling machine produced by sichuan wanma macinery manufacturing co.ltd tel: +862884399077
2) AWN68 is another mini home rice milling machine by hammer-mills.org tel: +8615093108135.
3) CTNM15B is a large combined rice milling machine
4) MLNJ1513 is a large combined rice milling machine by hubei xianliang machinery co. ltd.
5) ZZNM15 is a combined diesel rice milling machine.

There are various places you can get rice milling machines for sale at a good price.
click below to see the prices.


Image result for rice milling process  

After harvesting rice goes through various processes before it becomes good enough for consumption, those stages all put together is what is know as rice milling process. the following are the stages.

1) cleaning
2) hulling
3) milling
4) polishing
5) grading
6) sorting
7) packing and bagging/packaging

1) cleaning:
it is the firat stage after the rice is harvested. the rice is taken the mill or or factory where it is cleaned and every impurity is removed, e.g grass.
2) hurling : the milling machines removes the brown rice from inside the shell or husk.
3) milling: in this process the machine removes the brown layer from the rice. and it becomes white.
4) polishing: the machine then smooth ens and brightens the surface of the rice further.
5) Grading: after the rice is polished. it passes through a series of rollers which makes it more smoother and brighter.
6) sorting: this stage adds value to the rice and further removes any impurities such as broken particles.
7) packing and bagging/packaging: the processed rice is then packaged for sale or storage.

Wednesday, 13 September 2017

10 signs you'll never be rich

Contrary to popular belief, "everyone has the same opportunity to acquire wealth," says Steve Siebold, a self-made millionaire.

But not everyone seizes the opportunity.

To find out if you're doing all that it takes to set yourself up for a rich future, we've rounded up 10 signs that you're not on the right path.

From living beyond your means to failing to establish financial goals, check out the 10 signs below.

Previous reporting by Kathleen Elkins.

You only work hard, not smart.

In school, we learn that hard work will get us ahead in life. But "that's only half the story," says Ric Edelman, a top financial adviser.

"If all you do in life is work really hard, you're never going to get wealthy," he said. "Because it's not enough that you work hard to make money to set some of it aside."

Edelman says that to ensure future wealth, you must equally work smart. One way he suggests working smart is investing your money in the stock market or a retirement fund — that is, taking advantage of compound interest so that your money earns money.

"You can do this without taking a huge amount of risk. You can do this without a lot of effort. You can do this without a lot of time," he said.

You put too much emphasis on saving — and not enough on earning.

Another way to work smart? Increase your earnings, not just your savings.

Saving is crucial to building wealth, but you don't want to focus so much on saving that you start neglecting earning, which is what rich people focus on.

"The masses are so focused on clipping coupons and living frugally they miss major opportunities," Siebold said.

There's no need to abandon practical saving strategies. However, if you want to start thinking like the rich, "stop worrying about running out of money and focus on how to make more," Siebold said.

A common thread among millionaires is that they develop multiple streams of income and adopt smart savings habits.

You buy things you can't afford.

If you live above your means, you won't get rich.

Even if you start earning more or get a hefty raise, don't use that as justification to give yourself a lifestyle raise.

"I didn't buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income," Grant Cardone, a self-made millionaire, wrote for Entrepreneur. "I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy."


You're content with a steady paycheck.

Average people choose to get paid based on time — on a salary or hourly rate — while rich people choose to get paid based on results and are typically self-employed.

"It's not that there aren't world-class performers who punch a time clock for a paycheck, but for most, this is the slowest path to prosperity promoted as the safest," Siebold said. "The great ones know self-employment is the fastest road to wealth."

While the world-class continue starting businesses and building fortunes, "the masses almost guarantee themselves a life of financial mediocrity by staying in a job with a modest salary and yearly pay raises," Siebold said.

You haven't started investing.

One of the most effective ways to earn more money over time is investing it, and the earlier you start, the better.

"On average, millionaires invest 20% of their household income each year," Ramit Sethi wrote in his New York Times best-seller, "I Will Teach You to Be Rich." "Their wealth isn't measured by the amount they make each year, but by how they've saved and invested over time."

You don't have to be an expert on personal finance or use fancy economic jargon to start investing. You don't have to come from an affluent family, and you don't even have to earn a massive paycheck.

Start by investing in your retirement or a low-cost target-date fund, and you'll see huge returns in the long run.


You're pursuing someone else's dreams — not your own.

If you want to be successful, you have to love what you do — that means determining and pursuing your passion.

Too many people make the mistake of chasing someone else's dream — such as their parents' — says Thomas Corley, who spent five years researching self-made millionaires.

"When you pursue someone else's dreams or goals, you may eventually become unhappy with your chosen profession," he wrote in "Change Your Habits, Change Your Life." "Your performance and compensation will reflect it. You will eke out a living, struggling financially. You simply won't have the passion that is necessary for success to happen."

You rarely step outside of your comfort zone.

If you want to build wealth, be successful, or get ahead in life, you're going to have to get used to uncertainty or discomfort.

Rich people, in particular, find comfort in uncertainty.

"Physical, psychological, and emotional comfort is the primary goal of the middle-class mindset," Siebold said. "World-class thinkers learn early on that becoming a millionaire isn't easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty."

Likewise, rich people have learned that overcoming fear and taking calculated risks are key elements to achieving success.


You don't have goals for your money.

If you want to build wealth, the process will be easier — and more enjoyable — if you have a clear, specific goal in place before forming a financial plan.

Do you want to buy a house? Live abroad? Travel once a month? Enjoy a cushy retirement? Write down these goals.

Rich people choose to commit to attaining wealth. It takes focus, courage, knowledge, and a lot of effort — but it's possible if you have precise goals and a clear vision, says T. Harv Eker, a self-made millionaire.

"The No. 1 reason most people don't get what they want is that they don't know what they want," he said. "Rich people are totally clear that they want wealth."

You spend first and save what's left over.

If you want to get rich, pay yourself first.

"What most people do when they earn a dollar is pay everyone else first," David Bach, a self-made millionaire, wrote in "The Automatic Millionaire." "They pay the landlord, the credit card company, the telephone company, the government, and on and on."

Rather than spending and then saving whatever is left over, save first. Set aside an hour a day of your income — in an emergency fund, 401(k), or other savings account — and make the process automatic, Bach says. This takes the effort out of manually saving and ensures your money will grow exponentially over time, thanks to compound interest.


You believe getting rich is out of your reach.

"The average person believes being rich is a privilege awarded only to lucky people," Siebold wrote. "The truth is, in a capitalist country, you have every right to be rich if you're willing to create massive value for others."

Start asking yourself, "Why not me?" he says. Next, start thinking big. Rich people set high expectations. Why not $1 million?

i phone 8 features

Network Technology GSM / CDMA / HSPA / EVDO / LTE

Launch Announced 2017, September
Status Coming soon. Exp. release 2017, September

Body Dimensions 138.4 x 67.3 x 7.3 mm (5.45 x 2.65 x 0.29 in)
Weight 148 g (5.22 oz)
- IP67 certified - dust and water resistant
- Water resistant up to 1 meter and 30 minutes
- Apple Pay (Visa, MasterCard, AMEX certified)

Display Type LED-backlit IPS LCD, capacitive touchscreen, 16M colors
Size 4.7 inches (~65.4% screen-to-body ratio)
Resolution 750 x 1334 pixels (~326 ppi pixel density)
Multitouch Yes
Protection Ion-strengthened glass, oleophobic coating
- Wide color gamut display
- 3D Touch display & home button
- Display Zoom
- True-tone display

Platform OS iOS 11
Chipset Apple A11 Bionic
CPU Hexa-core

Memory Card slot No
Internal 64/256 GB, 2 GB RAM

Camera Primary 12 MP, f/1.8, 28mm, phase detection autofocus, OIS, quad-LED (dual tone) flash
Features 1/3" sensor size, geo-tagging, simultaneous 4K video and 8MP image recording, touch focus, face/smile detection, HDR (photo/panorama)
Video 2160p@24/30/60fps, 1080p@30/60/120/240fps
Secondary 7 MP, f/2.2, 1080p@30fps, 720p@240fps, face detection, HDR, panorama

Sound Alert types Vibration, proprietary ringtones
Loudspeaker Yes, with stereo speakers
3.5mm jack No
- Active noise cancellation with dedicated mic
- Lightning to 3.5 mm headphone jack adapter

Comms WLAN Wi-Fi 802.11 a/b/g/n/ac, dual-band, hotspot
Bluetooth 5.0, A2DP, LE
NFC Yes (Apple Pay only)
Radio No
USB 2.0, reversible connector

Features Sensors Fingerprint (front-mounted), accelerometer, gyro, proximity, compass, barometer
Messaging iMessage, SMS (threaded view), MMS, Email, Push Email
Browser HTML5 (Safari)
Java No
- Fast battery charging: 50% in 30 min
- Wireless charging
- Siri natural language commands and dictation
- iCloud cloud service
- MP3/WAV/AAX+/AIFF/Apple Lossless player
- MP4/H.264 player
- Audio/video/photo editor
- Document editor

Battery Non-removable Li-Ion battery
Talk time Up to 14 h (3G)
Music play Up to 40 h

Misc Colors Silver, Space Gray, Gold
Price About 800 EUR

Rotten tomatoes

Rotten Tomatoes is an American
review aggregation website for film and television. The company was launched in August 1998 by Senh Duong and since January 2010 has been owned by Flixster, which was, in turn, acquired in 2011 by Warner Bros. In February 2016, Rotten Tomatoes and its parent site Flixster were sold to Comcast's Fandango. Warner Bros. retained a minority stake in the merged entities, including Fandango. From 2007 to 2017, the website's editor-in-chief was Matt Atchity, who left in July 2017 to join The Young Turks.[4] The name "Rotten Tomatoes" derives from the practice of audiences throwing rotten tomatoes when disapproving of a poor stage performance.

From early 2008 to September 2010,
Current Television aired the weekly The Rotten Tomatoes Show, featuring hosts and material from the website. A shorter segment was incorporated into the weekly show, InfoMania, which ended in 2011. In September 2013, the website introduced "TV Zone", a section for reviewing scripted TV shows.

Rotten Tomatoes was launched on August 12, 1998, as a spare-time project by Senh Duong.
His goal in creating Rotten Tomatoes was "to create a site where people can get access to reviews from a variety of critics in the u.s" As a fan of Jackie Chan's, Duong was inspired to create the website after collecting all the reviews of Chan's movies as they were being published in the United States. The first movie whose reviews were featured on Rotten Tomatoes was Your Friends & Neighbors (1998). The website was an immediate success, receiving mentions by Netscape, Yahoo!, and USA Today within the first week of its launch; it attracted "600–1000 daily unique visitors" as a result.[citation needed]

Duong teamed up with
University of California, Berkeley classmates Patrick Y. Lee and Stephen Wang, his former partners at the Berkeley, California–based web design firm Design Reactor, to pursue Rotten Tomatoes on a full-time basis. They officially launched it on April 1, 2000.

In June 2004,
IGN Entertainment acquired rottentomatoes.com for an undisclosed sum. In September 2005, IGN was bought by News Corp's Fox Interactive Media. In January 2010, IGN sold the website to Flixster. The combined reach of both companies is 30 million unique visitors a month across all different platforms, according to the companies. In May 2011, Flixster was acquired by Warner Bros.

In early 2009,
Current Television launched the televised version of the web review site, The Rotten Tomatoes Show. It was hosted by Brett Erlich and Ellen Fox and written by Mark Ganek. The show aired every Thursday at 10:30 EST on the Current TV network. The last episode aired on September 16, 2010. It returned as a much shorter segment of InfoMania, a satirical news show that ended in 2011.

By late 2009, the website was designed to enable Rotten Tomatoes users to create and join groups to discuss various aspects of film. One group, "The Golden Oyster Awards", accepted votes of members for various awards, spoofing the better-known
Oscars or Golden Globes. When Flixster bought the company, they disbanded the groups, announcing: "The Groups area has been discontinued to pave the way for new community features coming soon. In the meantime, please use the Forums to continue your conversations about your favorite movie topics."

As of February 2011, new community features have been added and others removed. For example, users can no longer sort films by Fresh Ratings from Rotten Ratings, and vice versa. On September 17, 2013, a section devoted to scripted television series, called "TV Zone", was created as a subsection of the website.

In February 2016, Rotten Tomatoes and its parent site Flixster were sold to
Comcast's Fandango. Warner Bros retained a minority stake in the merged entities, including Fandango

Cryptocurrency chaos in china

China’s move last week to ban initial coin offerings (ICOs) has caused chaos among start-ups looking to raise money through the novel fund-raising scheme, prompting halts, about-turns and re-thinks.
China is cracking down on fundraising through launches of token-based digital currencies, targeting ICOs in a market that has ballooned this year in what has been a bonanza for digital currency entrepreneurs.
The boom has fueled a jump in the value of cryptocurrencies, but raised fears of a potential bubble.
“This is not unlike the dotcom bubble of 2000,” said a partner at a venture capital fund in Shanghai, who didn’t want to be named because of the issue’s sensitivity. “There are a lot of companies raising a lot of money for not very good ideas, and these will eventually be weeded out. But even from the big dotcom bust, you still have gems.”
“One of the reasons regulators stepped in was that the ICO fever extended beyond the traditional crypto community. The timing was an attempt to pre-empt this before it goes into a much broader mass market in China,” the partner said.
Investors in China contributed up to 2.6 billion yuan ($394 million) worth of cryptocurrencies through ICOs in January-June, according to a state-run media report citing National Committee of Experts on Internet Financial Security Technology data.
Pre-ICO roadshows featuring elaborate standing room-only presentations at 5-star hotels drew a diverse crowd, including grandmothers – a likely tipping point for regulators.
The hype and subsequent crackdown came as China focuses on economic and social stability ahead of next month’s congress of the Communist Party, a once-in-five-years event.
Beijing is also waging a broader campaign against fraudulent fundraising and speculative investment, which analysts attribute to China’s underdeveloped financial regulation and lack of legitimate investment options.
While several start-ups said the exuberance had got out of control and they had expected Beijing to act, they said last week’s move panicked investors and caused confusion.
Mi Huijin, for example, said he had just got off a train to Shanghai after closing a deal for his Singpay blockchain start-up when he switched on his phone to a flood of messages about the ban. He summoned the host of a popular live-stream channel to the railway station to calm his followers in a 40-minute broadcast.
“Everyone shouldn’t panic. If you’ve nothing to be guilty of what’s there to be scared of?” he told the roughly 800,000 viewers. “After reviewing the regulations, I feel it’s a good thing.”
Not everyone was convinced. While some comments below his video asked if Singpay would offer refunds, others warned that some users had reported the start-up to police.
China’s position – which differs from regulators elsewhere, who say ICOs may be securities and thus subject to regulation – remains open to interpretation.
Hu Bin, deputy director of the finance institute at the China Academy of Social Sciences, an institution directly under the State Council, or cabinet, has said this is a “stop on ICOs, not a ban. What are we stopping? Illegal ICOs.”
Hu said China recognized there is real demand for ICOs, but wants to prevent them being used for speculation.
“It’s entirely proper for the Chinese government to seek protection for consumers and prevent fraud, (but) confining capital raising to a specific established sector of finance … is to ignore the enormous societal value that blockchain technology can present,” said Alex Bessonov of BitClave, a Silicon Valley-based blockchain company, which, he said, is now discouraging Chinese investors.

Canceled ICOs, Returned Tokens

Li Yuan, CEO of Selfsell, a start-up hoping to build a platform for retail investors, said he had to cancel a planned ICO for last week, and return all pledged coins.
For those who already conducted their ICO, things are even more complicated.
Da Hongfei, founder of Neo, a public blockchain which raised 30 million yuan ($4.65 million) through an ICO last year, said it was extending to next month an offer for participants to return their Neo coins in exchange for bitcoin.
While the government announcement appeared to require all funds be returned to investors, Da said he can’t force people to exchange their tokens as they would lose out at bitcoin’s current rate. Bitcoin traded around $4,350 on Tuesday, according to Bitstamp, down from nearly $5,000 earlier this month.
“We offer the option, but we can’t point a gun at the user and ask them to refund,” Da said.
That said, nearly all the ICO organizers interviewed by Reuters agreed the ICO market was getting out of control and needed change.
More than 100,000 investors acquired new cryptocurrencies through 65 ICOs in January-June – a frenzy that attracted both investors seeking a quick trading profit and individuals and firms able to raise funds with little more than a plan and a website.
“Many people have not been very discerning on whether the project is actually good or bad,” said Daniel Wang, founder of blockchain start-up Loopring, adding he asked Chinese ICO investors to return their tokens, though it’s difficult to recall tokens already trading on the secondary market.

Platforms in limbo

Indeed, the ban has left around five dozen platforms in China – websites that promote and list the tokens, usually in return for money or a portion of the offering, so they can be traded – in limbo.
More than 40, including ICO365 and Bitbays, have shut down or suspended new ICO activity. Some also took their websites offline.
Binance, which said that over 80 percent of its users were based overseas, said it would restrict all Chinese IP addresses from trading.
For those companies serious about raising funds, there are other options.
Xiaoning Li, CEO of VCCoin, said he returned 2,000 bitcoins to investors and was figuring out what to do next. “We have angel investors. We will probably still do an ICO, but have to look at where and how to do it,” he told Reuters.
The co-founder of another platform said they were re-thinking their strategy outside China, and “will shift our focus to markets which are not banning ICOs, but rather trying to put in place higher standards and regulatory supervision” – such as the United States, Canada and Singapore.

Thursday, 7 September 2017

Bitcoin Is a Bubble, Says Nobel-Winning Economist Who Predicted the Housing Collapse

when it comes to bubbles, Nobel Prize-winning Yale economist Robert Shiller knows of what he speaks.

famously spotted a possible housing bubble in 2003, years before it actually blew up. He is also the author of the best-selling book about the subject, Irrational Exuberance.

So we should probably be paying attention when he says that Bitcoin is fitting the same type of bubble pattern

In a new
interview with Quartz, Shiller was asked to name the best example of irrational exuberance or speculative bubble he can think of right now.

He did not hesitate in his response.

"The best example right now is bitcoin," he said. "And I think that has to do with the motivating quality of the bitcoin story. And I’ve seen it in my students at Yale. You start talking about bitcoin and they’re excited! And I think, what’s so exciting? You have to think like humanities people. What is this bitcoin story?"

Bitcoin is up 718% just in the past year, and on Friday nearly hit $5,000,
according to Coindesk. If you purchased $100 worth of bitcoin a year ago, it would be worth over $800 today.

Shiller says the bubble has been fueled in part by the narrative surrounding its unusual creation, as well as this particular moment of anxiety in society.

"It starts with Satoshi Nakamoto—remember him? The mysterious figure who may or may not be real. He’s never been found," Shiller said. "That has a nice mystery quality to it. And then he has this clever idea about encryption and blockchain and public ledgers, and somehow the idea is so powerful that governments can’t even stop it. You can’t regulate this. It kind of fits in with the angst of this time in history."

Shiller said that in the third edition of Irrational Exuberance, he argues "that there’s a fundamental deep angst of our digitization and computers, that people wonder what their place is in this new world. What’s it going to be like in 10, 20, or 30 years, and will I have a job? Will I have anything?"

By giving people a tangible asset whose prices seems to only go up, bitcoin has served as a salve for that anxiety, Shiller explained. Bitcoin "gives a sense of empowerment" in such an atmosphere, Shiller said. It allows people to feel like "I understand what’s happening! I can speculate and I can be rich from understanding this!"

The problem, of course, is that speculative
bubbles generally burst, and no one knows exactly when they'll pop.

when the rich say no to getting richer

A half-century ago, a top automobile executive named George Romney — yes, Mitt’s father — turned down several big annual bonuses. He did so, he told his company’s board, because he believed that no executive should make more than $225,000 a year (which translates into almost $2 million today).

He worried that “the temptations of success” could distract people from more important matters, as he said to a biographer, T. George Harris. This belief seems to have stemmed from both Romney’s Mormon faith and a culture of financial restraint that was once commonplace in this country.

Romney didn’t try to make every dollar he could, or anywhere close to it. The same was true among many of his corporate peers. In the early 1960s, the typical chief executive at a large American company made only 20 times as much as the average worker, rather than the current 271-to-1 ratio. Today, some C.E.O.s make $2 million in a single month.

The old culture of restraint had multiple causes, but one of them was the tax code. When Romney was saying no to bonuses, the top marginal tax rate was 91 percent. Even if he had accepted the bonuses, he would have kept only a sliver of them.


the theory behind all those high-end tax cuts — a theory that I once found persuasive, I admit — was that it would unleash entrepreneurial energy: The lure of great wealth would inspire business leaders to work harder and smarter, and the economy would flourish.

The first half of that theory may well have come true. Many of the world’s most successful companies are American — not only Amazon, Apple, Facebook and Google, but also Exxon Mobil, Walmart, Johnson & Johnson and JPMorgan Chase. The second half of the theory, however, has been a bust. Most Americans have not flourished in the era of a reduced top-end tax rate.

Incomes for the middle class and poor have grown sluggishly since 1980, while the upper middle class has done modestly better. Only the wealthy have enjoyed the sort of healthy pay increases that had been the norm in the 1950s and ’60s. (Last month, I published a chart that showed these trends better than any paragraph can, and I encourage you to take a look if you haven’t already.)

The decline in high-end tax rates has helped change the culture of money. George Romney, a highly successful and personally decent man who thought that making even a couple million dollars a year was unseemly, begot Mitt Romney, a highly successful and personally decent man who has made a couple hundred million dollars.

Across society, the most powerful members of organizations have fought to keep more money for themselves. They have usually won that fight, which has left less money for everyone else.

What would be the right top tax rate today? I don’t know the precise answer. A top rate of 90 percent clearly has the potential to drive away entrepreneurs. But I am convinced that the current top tax rate, 39.6 percent, is too low.

It has contributed to soaring inequality, with the affluent having received both the biggest pretax raises and the biggest tax cuts. Plus, there is no evidence that a modestly higher rate would hurt the economy. The recent president with the strongest economic record, Bill Clinton, increased the rate, while the one with the weakest economic record, George W. Bush, cut it.

Nigeria and South Africa emerge from recession

Two of the largest economies in Africa are growing again after recessions.
Nigeria's GDP expanded by 0.55% in the second quarter of 2017 year-on-year, according to the National Bureau of Statistics, ending five consecutive quarters of contraction. Quarter-on-quarter growth for the same period was 3.23%.

The South African economy grew by 2.5% quarter-on quarter for the three months to June 30 after two quarters of decline, according to official statistics.

Historic decline
Growth in Nigeria marks the end of its worst recession in 25 years.

Read More
Africa's leading oil producer has been hard hit by falling prices for the commodity, which accounts for the majority of its export revenue.
But the oil sector has recovered slightly in the last quarter, with growth of 1.6% year-on-year.
Nigerian agriculture, which contributes around 23% of GDP, has also rebounded with growth of 3% over the same period.

Agriculture boom
South Africa's recovery from a shorter recession has been supported by growth across a range of industries.
The agriculture sector expanded by 33.6% quarter-on-quarter, boosted by strong harvests of crops such as maize and wheat.
The finance industry also performed well with growth of 3.5%, and the mining industry expanded by 3.9%, supported by increased production of coal and gold.
But despite these positive indicators, Statistics South Africa warned that the recovery remains fragile as "longer-term indicators show subdued growth."

Tuesday, 1 August 2017

5 Traits of the Rich and Powerful

The rich and powerful all come from different backgrounds and they all acquired their wealth at different times. But I’ve interviewed many of the most well-known rich and wealthy to find out which traits they have in common. And I’ve managed to find five traits that they all possess.

If you want to be rich and powerful then these are the five traits you absolutely must have.


A sense of purpose is necessary for anyone who wants to make money and get rich. You need to be able to set down clear goals and milestones that you can follow. This is what keeps you motivated and this is what gives you a clear and regular direction.

You might say this is what motivation is at its heart.

Constantly Seeking

Why do the rich and powerful never seem to call it a day?

That’s because they’re different from everyone else. It’s something I saw in myself even after I became a successful trader. I’m constantly seeking something.

This could be as simple as more money or, as in my case, a willingness to give back. In other words, the rich and powerful are always seeking something. They’re always looking to achieve something else.


You might be wondering why I consider humility to be such an important trait of the rich and powerful. It’s quite simple really.

When you don’t have humility, you have arrogance. When you have arrogance, you have pride. And when you have too much of these things you start to get complacent and you start to make mistakes. My second millionaire student Tim Grittani is very humble despite turning $1,500 into now $4.6 million. 


There’s also a point that must be made about awareness in general. Being aware means you can see things coming. You know where your weaknesses are.

Awareness is not something that can be easily pinpointed. It accounts for a lot of things. But possessing awareness means you can achieve a tremendous amount in life.

I like to call it staying current.

You may have noticed that 99% of the rich and powerful give back. This can be in the form of money but it can also be in the form of time. Sometimes you might open a charity and sometimes you might simply decide to provide free services or advice to another business.

I’ve always believed generosity is key because this is how you form lifelong relationships and it’s how you keep a sense of what really matters in this world. It stops you from being consumed by the stench of your own farts and the pervading odor of your own smugness.

In other words, it helps me to stay both motivated and humble at the same time.

Last Word – Staying Wealthy

These are the five traits that will ultimately lead to your success as a wealthy person going forward. Master these characteristics and you have all the tools you need to meet your financial goals.

Sunday, 30 July 2017

FX Traders Increase Bets on More British Pound and Dollar Weakness, While More Euro Strength is Seen

Pound to Euro exchange rate trading

Latest data that sheds light into how traders on the vast global foreign exchange market are positioned confirms bets for further Euro strength remain the most popular trade.
Meanwhile, bets against the US Dollar and British Pound appear to be increasingly popular.
The data is provided on a weekly basis by the US Commodity Futures Trading Commission and provides analysts with the most comprehensive view of sentiment and structure in the market.
“GBP sentiment deteriorated while net bullish AUD positioning increased and speculators lifted bullish gold bets,” notes Shaun Osborne, Chief FX Strategist wth Scotiabank in Toronto.
There is now an overall short position on Sterling (i.e bets against the Pound) of USD2bn.
Meanwhile, “significant exposures remain evident in other currencies, specifically net EUR longs,” says Osborne.
We believe these dynamics add to the view that the Pound to Euro exchange rate is likely to remain under pressure for some time, particularly if the headline EUR/USD continues to surge.

The Dollar which is one of the worst-performing global currencies of 2017 continues to find little support from the trading community, ensuring EURUSD has been the best performing G10 FX cross so far this year.
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“Bearish sentiment on the USD rose again,” says Osborne, “with speculative traders unafraid to extend negative USD positioning ahead of the key event risk of the week, the FOMC policy meeting.”
Aggregate positioning in the major currencies now reflects an overall USD short position of USD9.7bn, an increase of just under USD2bn on the week and Osborne says this represents the biggest bear bet on the USD since 2012.
But is the market in danger of getting too stretched? Often if markets increasingly bet in a single direction the move itself can fade or reverse as the market runs out of the fresh entrants required to push the move along.
"Although the market is long EUR, positioning is not stretched. EURUSD has appreciated despite the market already knowing the ECB will have to announce QE tapering and the Fed already hiking more than markets have been expecting this year. The EURUSD move has been consistent with the data and could continue if relative EZ data keeps improving," say Bank of America Merrill Lynch.
The bets against the US Dollar reflect deteriorating sentiment in the analyst community with regards to the currency’s outlook with many now saying the Dollar’s multi-year bull-run is over.
“We have updated our G10 forecasts to reflect an anticipated pause in the Fed rate hike cycle during H2 2017,” reads a research briefing from BNP Paribas. “We see scope for the USD to recover some ground in the near term, but the US dollar is not expected to regain its 2016 highs.”

          Eurozone Inflation Data Key Trigger to FX Moves Ahead of New Month

The big event for the Euro exchange rate complex - and indeed currency markets in general - in the coming week falls on Monday, July 31 when Eurostat release Eurozone-wide CPI inflation data for July.
The Euro found some solid support in the preceding week when inflation data for individual Eurozone countries were released as the data suggested inflation is picking up, particularly in Germany.
Should the Eurozone inflation data confirm the view that prices are locked in an upward trajectory, the Euro should find further buying interest as traders bet that the European Central Bank can look to start withdrawing its stimulus programme.
Noting the strength of the Euro at present, a good reading will reinforce the uptrend.
“Given still-flat positioning, the weak USD and the focus of FX investors on the timing of the ECB’s QE taper, we would expect a bigger move in the EUR in the event of a hotter than-expected core reading. A reading of 1.2% YoY or more in core inflation could cause a breach of resistance at 1.1800 in EURUSD,” says Greg Anderson, an analyst with BMO Capital Markets.
Noting the importance of moves in EUR/USD for EUR/GBP we would suggest such an outcome would heap fresh pressure on Sterling ahead of the new month.

Dollar declines as GDP data underwhelms

 The U.S. dollar was broadly lower on Friday as a combination of underwhelming U.S. economic data and political uncertainty kept traders biased toward the euro and other world currencies.

The euro hit a session high after the release of U.S. second-quarter gross domestic product estimates that largely met economists' expectations.

Some analysts pointed to a smaller-than-expected increase in U.S. labor costs, but others suggested the data was just an excuse for traders to continue the weak dollar trade that has sent the U.S. currency lower for much of this year.

U.S. gross domestic product growth picked up to 2.6 percent in the second quarter, matching expectations of economists polled by Reuters, while growth in the first quarter was revised down to 1.2 percent.

"I think this just removes an obstacle," said Marc Chandler, chief global currency strategist at Brown Brothers Harriman & Co. "The euro bottomed yesterday in New York trading and its been climbing ever since. If anything, the GDP number pushed an open door."

The euro has risen nearly 3 percent against the dollar so far this month and more than 11.5 percent in the year to date. It is on track for its third weekly gain in a row and the fourth in five weeks.

On Friday, the euro moved higher against the dollar, and was last up 0.7 percent at $1.1756. On Thursday, the euro rose to its highest against the greenback in 2-1/2 years before retreating in later trading.

The weakness of the dollar has been most evident against the euro this year, but it has fallen against most major currencies as expectations for U.S. fiscal stimulus and an increased pace of overnight interest rate hikes from the Federal Reserve have dissipated.

Arnd Wiegmann | Reuters
A woman takes a picture of a display showing the Swiss franc's exchange rate against the Euro and other currencies at the Swiss stock exchange in Zurich January 15, 2015.

"The dollar was rising (last year) on the basis of the U.S. being seen as probably the first major central bank to engage in a (monetary policy) tightening bias," said Tom Hainlin, national investment strategist at U.S. Bank.

"Then ultimately we saw almost a synchronized amount of talk coming from major central banks that the U.S. wasn't the only game in town in terms of slowing its easing bias or even tightening."

The U.S. Senate's failure to pass a repeal of the 2010 Affordable Care Act overnight also hurt the greenback, analysts said.

The dollar fell 0.9 percent to C$1.2436 against the Canadian dollar after Canada's May GDP growth was triple what economists had expected, rising 0.6 percent for the month and 4.6 percent year over year.

Saturday, 29 July 2017

Finally you can track your car using your smart phone

Tiny Device Allows You To Track Your Car Using Your Smartphone

Have you ever lost your car on a parking lot? It happens. You park and go shopping. When you get back, you don't have a clue where your car is. Then you start roaming around clicking on the panic button on your car keys so the alarm goes off. It can be frustrating, especially on a hot, sunny day.
No, you don't need to install an expensive GPS system to keep track of your car. That's way too expensive. You would need to pay a monthly subscription fee just to use it. Don't we have enough bills to pay already?
TrackR sorgt für Sicherheit
The device "TrackR" has the size of a coin and can be placed everywhere

But is there a way to track your vehicle without spending a fortune? Yes, now there is!
A California-based startup company was able to make this a reality. They created a tiny device that works with your smartphone, and it could be exactly what you're looking for!

What is it?

It's called TrackR. It is a state-of-the-art tracking device the size of a quarter. It's changing the way we keep track of the important things in our lives.
TrackR sorgt für Sicherheit
With TrackR you'll gain peace of mind, knowing you can find your car quickly.

How Does it Work?

It's easy! Install the free TrackR app on your smartphone, connect the app to your device and you're ready to go! Simply attach TrackR to whatever you want to keep tabs on. The entire process of setting it up only takes 5 minutes or less.
You can attach it to your keys, briefcase, wallet, your latest tech gadgets and anything else you don't want to lose. Then use the TrackR app to locate your missing item in seconds.
Forget expensive GPS systems or tracking services. Nobody wants to pay expensive monthly subscription fees. We understand how stressful these things can be, and this is the reason why TrackR was created. This device is your VIP when you need to take care of more important things in life.
Remember the car scenario above? If you have the TrackR, you can just hide it under your car's floor mat, in the trunk or in the glove compartment. Somewhere it won't be found if your car gets stolen.
If you forget where you parked your car, whip out your smartphone and open the TrackR app. Tap on the "lost item" icon on the screen and the app will tell you the exact coordinates of the last known location of the TrackR.

How Much is it Going To Cost Me?

You're probably thinking that this device is very expensive... False! TrackR only costs $29! That's a small price to pay for peace of mind, isn't it?

Where can I buy TrackR?

You can buy it directly from the company's website. They ship worldwide and you'll receive your TrackR within a ~week.
Watch The Video Below To See How TrackR Works:

What else can I do with TrackR?

As we said before, TrackR has unlimited possibilities. The device is small and unobtrusive enough that you can attach it to your pet. Put it on their collar, and the issue of searching for them as they scamper off to nearby places will be over! Attach it to your keys and wallet, and never waste a minute rummaging the whole house for it.
TrackR even comes with a double-sided adhesive so you can stick it to your laptop or under your bike seat. Track down and punish the thieves who steal your expensive things!
Attach it to everything that's important to you!
TrackR sorgt für Sicherheit
With over 3.5 Million units sold worldwide, this is the most affordable solution to trackr your items.

Step by step instructions on how to use Trackr

Now that you are aware of the potential of this curious device, all you need to do is to follow these 3 steps:
1. Get Trackr from the manufacturer website. You’ll get it delivered to your home in about 1 week.
2. Link Trackr with your Smartphone (iPhone or Android) and place it next to the object you don’t want to lose.
3. Download the free app and always have in hand the location of your belongings. As Simple As That!

TrackR sorgt für Sicherheit 

P.S. The special sale might end today! Better claim your buy 4 TrackR, get 4 for FREE offer now!

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