Finance articles and news

UPDATE:Germany’s Merkel:Succeeded In Rescuing Banks In Crisis

BERLIN (Dow Jones)–German Chancellor Angela Merkel said Tuesday efforts to rescue the banking sector, hit hard by the financial crisis, have worked out.

“We fundamentally succeeded in rescuing banks,” Merkel said at a conference organized by the Initiative New Social Market Economy, or INSM.

However, she added that there still needs to be a “timely sensible” restructuring of the country’s state-owned Landesbanken.

“We are still working on this problem,” Merkel said. “The Landesbanken must restructure.”

The chancellor also said the Basel II rules, which govern the amount of capital banks need to hold against potential market losses, must be changed to avoid any negative impact on economic growth.

Merkel said she doesn’t expect domestic demand to replace exports as the main driver of Germany’s economy.

The chancellor also sharply criticized the recent liquidity policy of the U.S. Federal Reserve, calling for a return to what she called “sensibility.”

She said the independence of the European Central Bank “must be retained and things which other central banks are doing, must be reduced.”

“I regard with great skepticism whatever powers for example the Fed has and also the Bank of England,” Merkel said. “We must together return to an independent central bank policy and to a policy of reason, otherwise we will be in exactly the same situation in 10 years time.”

She added that an international financial market regulatory framework is needed.

-By Andrea Thomas, Dow Jones Newswires; +49-(0)30-2888-4126; andrea.thomas@dowjones.com
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Tags: Banks In Crisis, dow jones newswires, financial crisis, Germany's Banks

How To Find More Time For Your Business

Author: Karen Sielski

Do you use lack of time as an excuse for starting a business? Let’s take a closer look at a fundamental principle of time. The 2 things you can do with time are spend it or invest it. Let’s look at each of these options. If you spend time, it’s  gone forever. There’s no getting it back. However, when you invest your time appropriately, you can create a lifetime of residual income. 
Here’s how it works. Start by determining how much residual income you want to make per year. Let’s say your goal is to earn $200,000 a year. That works out to about $100/hour for an 8 hour work day. Bottom line, your time is now worth $100/hour. 
The next step is to look at your activities, for example, watching tv. If you are watching 3 hours per day, and the average in the US is actually much higher than 3 hours, and your time is worth $100/hour, you are throwing  $300/day out the window. 
Let me ask you, is it worth $300/day to watch that much tv? $300/day is $2,100 per week, and over $100,000 per year! Can you really afford to watch that much tv? Now, I’m not saying to stop watching tv completely, but hopefully knowing this information will make you more selective.  Try to cut back to ~1 hour/day instead of going cold turkey.
Now let’s do an exercise with your goals. How much income would you like from a home business? Now take a look at how many hours of tv you watch per day or spend on other activities like hanging out at Starbucks. 
Take your income goal and divide by 250.  This will give you the approximate number of work days in a year. That’s how much you need to earn in 1 day. Divide by the number of hours/day you want to work. That’s how much your time is worth.
Now look at other ways you spend your time like cleaning your house or taking care of the yard. If you can hire someone to do those activities for less than the hourly cost of your time, you can use that time to work on achieving your income goal. What if you could hire a virtual assistant for $4-5/hr, just like I do, to do many tasks?
When you look at it this way, do you think you can find the time to start a business and create the life you want to have, not the life you currently have?
And now I would like to invite you to claim your Free Access to "15 Ways To Grow Your Business Online". Just send an email to kw-online-mktg@aweber.com and you’ll start receiving valuable information that can help you get more traffic to your website or blog and make more money from your visitors.

Do you use lack of time as an excuse for starting a business? Let’s take a closer look at a fundamental principle of time. The 2 things you can do with time are spend it or invest it. Let’s look at each of these options. If you spend time, it’s  gone forever. There’s no getting it back. However, when you invest your time appropriately, you can create a lifetime of residual income.

Here’s how it works. Start by determining how much residual income you want to make per year. Let’s say your goal is to earn $200,000 a year. That works out to about $100/hour for an 8 hour work day. Bottom line, your time is now worth $100/hour.

The next step is to look at your activities, for example, watching tv. If you are watching 3 hours per day, and the average in the US is actually much higher than 3 hours, and your time is worth $100/hour, you are throwing  $300/day out the window.

Let me ask you, is it worth $300/day to watch that much tv? $300/day is $2,100 per week, and over $100,000 per year! Can you really afford to watch that much tv? Now, I’m not saying to stop watching tv completely, but hopefully knowing this information will make you more selective.  Try to cut back to ~1 hour/day instead of going cold turkey.

Now let’s do an exercise with your goals. How much income would you like from a home business? Now take a look at how many hours of tv you watch per day or spend on other activities like hanging out at Starbucks.

Take your income goal and divide by 250.  This will give you the approximate number of work days in a year. That’s how much you need to earn in 1 day. Divide by the number of hours/day you want to work. That’s how much your time is worth.

Now look at other ways you spend your time like cleaning your house or taking care of the yard. If you can hire someone to do those activities for less than the hourly cost of your time, you can use that time to work on achieving your income goal. What if you could hire a virtual assistant for $4-5/hr, just like I do, to do many tasks?

When you look at it this way, do you think you can find the time to start a business and create the life you want to have, not the life you currently have?

And now I would like to invite you to claim your Free Access to "15 Ways To Grow Your Business Online". Just send an email to kw-online-mktg@aweber.com and you’ll start receiving valuable information that can help you get more traffic to your website or blog and make more money from your visitors.

To receive the information series "Top 15 Ways To Grow Your Business Online", send an email to kw-online-mktg@aweb.com.

Article Source: ArticlesBase.com - How To Find More Time For Your Business

Tags: business, Your Business Online