Clarity Financial Online
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Articles from: 2013
Global Energy Studies
Iran, Algeria, Angola, Libya, Venezuela and Ecuador voted against the proposal. The refusal in OPEC will have few immediate consequences, since it is presumed that Saudi Arabia will increase their deliveries to the market, using part of the nearly 3.5 million barrels of crude oil per day from its surplus capacity. Strictly speaking, Saudi Arabia, the largest producer of crude oil in the world, is already exceeding its quota on something as well as one million barrels of crude oil a day, says Emilio Cardenas, former Ambassador of the Republic Argentina to the United Nations. But the consequences are being felt, the expectation on a higher offer by Saudi Arabia, largest producer of the world’s oil, is pressuring the price of crude downward. Arabia increase its crude oil production from 8.8 million barrels per day (bpd) in may, to 10 million barrels per day, said the newspaper al – Hayat. Saudi Arabia has not extracted 10 million bpd for at least one decade, according to data from Reuters, production having peaked in July 2008 to 9.7 million bpd after prices touched a record of $ 147/barrel. It is the only oil producer inside and outside OPEC with significant availability capability. But this move is due to what moves markets: the expectations forward.
The market achieves read more demand today and assumes that this will be maintained, and whenever there’s no other conflict geopolitical, at least until OPEC again reunited in December or in an emergency meeting which translates as greater availability and a more offered commodity. The message from OPEC is that supply remains abundant. The result is the sale of positions. However, the Centre for Global energy studies (Centre for Global Energy Studies, CGES) says that the offer is already today insufficient to supply the market. Global inventories of crude oil fell at a rate of more than 1.4 million barrels per day in the second half of 2010. Saudi Arabia acknowledged having lowered their production in a few 800,000 barrels per day in March from February.
The reasons for the rise in prices of oil are not only bid, but also the demand side. They will have broken records absolute production at the beginning of the year – 90 million barrels a day–exceeding pre-crisis levels. The economic revival – if either slow – in countries such as United States or Europeans especially joined demand from emerging countries such as China, pressed about the price. According to the information of the energy management (EIA for its acronym in English) of the United States, Chinese production primary energy intensity more than twice to the European Union. In addition, China has emerged recently as the demanding world’s largest power, beating the previous leader, United States. China doubles energy consumption every ten years. Today over 10 million barrels per day, almost equaling the consumption of the EU. Even though the price of crude is correcting rising these days, its price remains high and should be kept. The real problem pressing on a very sensitive topic to world economies currently: economic recovery. The rise of oil will have an impact on global growth and according to the OECD, this cost almost one point of growth to countries more developed towards 2012. And same emerging economies, today engine of international growth, might be slowed down their economies.
Application Equipment
Quite difficult to find such a domain industry, which would not use those or other pressure or suction hoses. They are used to transport various oil, gas, water, and other bulk, liquid and gaseous substances. Pressure hose is highly valued in those circumstances where you need to quickly connect a variety of containers and move a diverse raw materials without leaks. Its reliability and flexibility make it possible to skirt almost any obstacle and can withstand considerable pressure. All sleeves are classified several types. More often than others can be found pressure hoses reinforced frame which is a textile material.
This products are divided into classes depending on operating conditions. Pressure-suction hose Class 'P' are designed for pumping milk, water and other food grade 'F' are used when transferring combustible gases – compressed air, nitrogen, oxygen and other things, the class 'B' are used to pump process water, the class 'kw' – for the transfer of alkaline and acid environments. In some cases, also used a rubber hose metal braid, which gives high heat resistance and durability. When the temperature is 190 degrees, so the sleeve can withstand the pressure of 5 MPa. These characteristics abound in order to use delivery hose, for example, road works during the transportation of molten bitumen. For the transportation of combustible and flammable liquids, use an antistatic discharge hose, which guarantees Safety of creating sparks. Among other things, special high-pressure hoses, which are made of special synthetic materials that can withstand extremely high loads, but their application is limited by a negative temperature in -4 degree. When using equipment with a large cold should be applied dyuritovye sleeves, which work in a range from -60 to +100 degrees. Thus, the number of pressure Sleeveless fairly large to ensure all the needs of companies in all industries: from oil production and food processing to engineering and transportation.
Improving Memory
Using methods to improve memory with older adults, can recommend activities of memory for seniors, which benefit from a surprising way to your relatives or friends and can strengthen a much better family ties, on the other hand, are not only helping him personal well-being but that at once serves you for your personal future. A survey carried out with my closest older relatives, consulted them when it was the time in the course of his life or actual age at which they began to feel that they were losing or feeling that his memory was failing and in addition to that, why it was that they were losing their memory. The first answers to those questions to share with you that reads this article, were as follows: A male family member told me that he began to feel that I lost the memory at the age of 60, with anegdotas as follows;He was walking from the Park towards my house and for a moment in the time left me pondering if it was the correct input or, at that time I didn’t realize that was losing a little memory. Then another female relative told me that calculates that as the age of 50 years began to fail him one of our most important organs in our life, because of care and health, she operated in the appendix is complicated a little in the hospital and unconscious step by a lapse of time, which told me that you forgot some family reunionsdating in specific places by elapsed time, referring to seconds or minutes, where hurt him a bit when it comes to arrive on time. For those answers and anegdotas of people like yourself or family member who knows that they can or they are going through that situation, I recommend you use these 3 methods to improve memory in older adults: listen to music of nature sounds for about 30 minutes a day, in a place where allows you to relax. The break in periods of 1 hour in the middle of the day for a week, that will help you to the body to be recharged.
Good nutrition is one of the most important methods for regeneration of the body and prevent mental aging. What if you do it now, begins this week to test these methods to improve the memory and see how it improves your attention and focus on the things you’re doing during the course of the day. Write me to know how you did and also tell me which are your biggest problems when trying to improve your memory. Thank you. Alejandro Cruz.
National Housing Bank
The housing savings is a requirement that the applicant for a loan must comply with the resources of the housing policy. To comply with the requirement of the housing savings, the worker, either dependent or independent, owner of company or professional, must provide a percentage of their monthly income to housing policy law. The housing savings is three percent of the full income received monthly and the contributory base of the housing policy Act. In the case of dependent workers, housing savings will be provided by the worker and the employer and be taken as contributory base of the housing policy Act, all monthly collected revenues forming part of full pay, such as holiday bonuses, utilities, fees, hours extras, etc. It will not form part of the full pay, for the purpose of housing savings, non-recurring payments or payment by concept of power bonus. In this case no payment will be part of the quotation of the housing policy Act by basket ticket. This housing savings amount must be deposited in the first five working days of each month in a special account in the mandatory savings fund for housing (faov).
On the other hand, in the case of self-employed workers, housing savings will be voluntary, i.e., according to the law on housing policy, so an independent worker sees is benefited with credits of housing policy, voluntarily must enroll in the National Housing Bank and Habitat (Banavih). The volunteer worker must be considered for housing savings, the three percent of their income, this being the basis of quotation of the housing policy Act, and shall deposit the respective housing savings in a special account corresponding to the Fund’s voluntary savings for housing (favv) in the first five days of each month. The housing savings will be available for full or partial payment for the purchase of main house, as well as the extension, remodelling and self-construction of property, refinancing or payment of mortgage credits according to the housing policy. The housing savings will be refunded when the worker is beneficiary of retirement, old age, invalidity or disability pension unless it expresses its willingness to continue contributing to the housing policy law. Saving housing of each contributor worker to the compulsory savings for Housing Fund, may be subject to partial or total cession in the terms established by law of housing policy.
Housing saving allows the worker requesting a credit for housing policy which will be determined according to the contributory base of the housing policy Act up to a maximum amount of Bs. 271.858 for people earning income up to seven thousand bolivares. In the event that the worker earn up to two thousand six hundred bolivars a month, it may be a direct housing subsidy. The housing savings is a solution of the housing policy for families of fewer resources and whose contributory base of the housing policy Act is considered to design an eminently social housing policy.
Preferred Shares
If you have preferred stocks and don’t know what you have purchased, you can start to find out already. The majority of investors who have bought the product, do not know what they have done. Let indefinitivamente the savings of a lifetime to a banking entity, isn’t a good investment. This is not a warning for people who knew what they did when they bought the preferred shares. We only give the alert that the entities may be resorting to a legal scam to solve the solvency ratios.
No matter if you are a client of the entity from many years ago, or if you work in the. Also they cheated his family to keep the job. The majority of investors, workers who have saved all their lives, veen as their savings just by disappearing, only quedandoles a few numbers that will not serve anything, for all eternity. Investment in preferred, money lost. Have you read the contract before you sign the purchase order? Gets the entity is not required to pay dividends, or to repay the investment. If quiereis to sell your redemption of preference shares, the only way is the one that esplico in the page. All information is free. With satisfaction, we are paid. Luck, a hug, francesco.
How To Forcast Interest Rates Fluctuations
Intuitively, many people know that low rates of interest are not times to save, and if the rates of interest are not time invest (at least borrowing). Therefore, people are always outstanding read the newspaper, listen to the news on the television and listen to the renowned economists to know their opinions about the future of interest rates. I’m going to give a tip that they gave me in the masters of finance, this tip is not a theory that behaves 100% faithful in practice but does in large quantity of times. You turn on the television or buy the newspaper and sees the ads of banks. If you see excessive bank ads promoting loans with fixed rates of interest, then surely the interest rates go down or are going to keep low. On the other hand, if you see excessive ads of banks promoting savings in the fixed term, then surely the interest rates are going to rise or are going to stay high. What is the reason of? This?, fijate: suppose the passive interest rates (savings) are at 8%, and banks estimate that they will go up to 10%, then they promoted savings to fixed-term with an approximate rate of 9%. With this, to raise rates to 10%, there are a large number of customers with their savings tied to 9%.
I.e., are becoming inexpensive customers to keep their savings. That differential of 10% 9% = 1%, earn the banks with such a strategy. On the other hand, if si las tasas them rates active interest (credits) are 20% and the banks estimate that they will go down to 18%, then they promoted credit term and fixed rates approximate to 19%. Then, when rates fall to 18% there is a large number of customers with their credits tied to 19%, i.e., customers are going to pay more expensive your credit value. That differential, of course, banks earn them.
Payment Of Checks
In the financial market can make use of a large number of figures and media that greatly facilitate the solution of various problems and the fulfilment of many obligations based on capital, since they offer the possibility of having simple means for the different debt cancellation, based on the relationship that a person has an account of a bank where you have an information about the capital which has a personi.e. a relationship management of capital as well as disposal, as is the case with checks, with which can supply you different duties thanks to the payment with checks, which means a means of very useful solution, in which the payee of the cheque must make use of some form of payment of check and as well get money tax or capital; so the payment of check point takes great relevance within the activity with checks since it suggests different modes of action. As payment of check can be understood also deserves attention within the activity with this resource, since they are certain specific terms relating to the payment of cheques, which have great relevance in making effective the amount of capital that represents the check; so is that there are a few basic requirements because of this action, which from a basic vision are for the payment of cheques: single payment of checks is carried out against credit institutions, since these are that underlie the various operations of capital for loans or due to savings accounts, already that the capital will take funds or account that a personi.e. the drawer asked his bank to pay the amount represented by the cheque and for that reason for payment of checks of credit institutions will be responsible for such money. This does not mean that for the payment of cheques go always to the banks, both so in certain commercial establishments such as supermarkets, the payment of cheques, can be in many cases paying the account with a cheque, but ultimately such capital shall be sustained by a credit institution.
To have the option for the payment of cheques, the person who acts as a drawer must have a contract of deposit in a checking account with the left bank checks, otherwise it fails the payment of cheques. The single payment of cheques will be as soon as the drawer is the sufficient funds in your account to perform such action by payment or is also possible which is payment of checks in a partial manner, i.e. that the amount demanded by cheque, the single drawer has a part in your account, by which only liberating Bank will make a partial payment of cheques. Another point to take into account within the pay cheques, is that depending on the type of check will have specific conditions for the realization of pay cheques.
Bank Mortgage
If you want to search for in the mortgage market the so-called cheap mortgage will be a task that will require time, effort and patience to investigate Bank in Bank as cheaper close to a cheap mortgage, for which there must be clear that any bank offers financial credit market that modality called mortgage, because this would not generate profits that they expect so those who want to get a cheap mortgage will have to do many studies, in many banks and thus the financial institution that offers better conditions and provides the possibility of negotiating the cheap mortgage will be the option to take. It is very clear that everybody wants to quickly get the property you have always dreamed of and sometimes venturing to take any option that allow them access to housing, but it is recommended to analyse certain aspects before making a mortgage loan:-interests are a key point when it comes to the study of the conditions in order to reach as close as possible to a cheap mortgage, because from these is vera reflected a savings or a loss when it comes to paying the monthly fee of the cheap mortgage credit are looking for, since the interests can be of great influence in the periodic fee and the amount of fees that are payable, since interests much influence in this aspect by the following, in the cheap mortgage interests and in any mortgage have a greater credit in the first mortgage payments cheap, so much so that the interests in the first quotas far outweigh the amount that would be devoted to capital and only reaches balance reversed amounts when you are already in the middle of the life of the credit, therefore if you want to purchase a cheap mortgage this is a high reference point. -Monthly assessments must also consider when wanting to get a cheap mortgage, many people believe that while more flexible are the monthly installments credit is better, but what happens in reality is that is this giving more money to the banks, because while the share is lower than more time is needed to pay the totality of the credit and having more time to cancel what was believed that it was a cheap mortgage actually is one very expensive because interest rates will be paid and as more time passes plus interest they must pay, therefore in the extent possible pay a fee the more high that possible and thus avoid that much lengthen the term for cancellation of what you want to be a cheap mortgage. -It is good to agree the best conditions when the commissions, then this point can be very helpful when performing a novation, subrogation or an early cancellation of the cheap mortgage. -With regard to insurance it is best opt for most of these, so if you pass by some bad situation such as unemployment, serious illness or damage on the property there is an additional aid that allows to cover the costs of compliance with the quota of what is being sought is a cheap mortgage, for that many times to avoid these expenses may be incurred in many other expenses. So it is good to study very well the previous aspects that provide financial institutions, in their own way for to achieve a cheap mortgage.
The Declaration
The existence of a restrictive clause of the variation of the variable interest rate cannot be deemed abusive, says the judge citing a report of the Bank of Spain. Judge considers in contracts there is no disproportion in the clauses that benefit exclusively to the financial institution and recalls the right of the consumer to not hire a product to consider below economic expectations, or whose conditions considered may be overcome by another product of the same features offered by another competitor entity. What are the soil clauses clauses soil of mortgage loans set a limit to lower interest rates without providing for a limit to upload them in the contract. Banks put a floor to their contracts, and to ensure that it is not blatantly abusive, a ceiling (maximum rate that may not upload), but this is so high that it is fictional since it is almost impossible to reach those margins: 10 or 12%. In early September, a Madrid judge admitted the request of the Association of users of banks, boxes and Seguros (Adicae) include other 56 financial institutions in the collective lawsuit filed against the alleged application of unfair terms of soil. Demand extends and already accuses 101 banks and savings banks. Clauses Yes cancels the judge in this latter case, between clauses that Yes the Yanez judge aborted are those related to the variation and the rounding of interest rates on mortgage contracts, the obligations of the customer, the use of data and keys, the anticipated maturity and the specific conditions applicable to the telematic services, credit cards and Internet banking. The Declaration of nullity of such clauses does not however determine the nullity of the contract, if it can survive without them, as it is the case. Source of the news: A judge validates 22 clauses mortgages of BBVA and Popular flooring
Rise
Neither revolts in the Middle East, or North Africa nor the Greek crisis and the threats to the natural heirs of Bin Laden in Al-Qaida anything like that is influencing 100% today–and future–the price of oil. The Brent of the North Sea in US$ 118 barrel approaching the maximum of the year in the $125. The variety West Texas, after nearly touching US $150 per barrel in July 2008, go down to $33 in January 2009 during the recession following the financial crisis, today found in levels of $97 barrel, and prospects are on the rise. It is nothing more than a microeconomic issue that explains it: supply and demand. Today oil price estimates are lower, once Saudi Arabia reaching up his voice at the last meeting of the Organization of the petroleum exporting countries’s (OPEC), exporting cartel of oil composed of twelve countries in Vienna last week. This last meeting was conflicted, since OPEC did not accept the position of Saudi Arabia increase quotas of production of members to try to calm high prices of crude (especially Brent type), since high crude oil prices hinder recovery – fragile yet – United States and also in Europe after the financial crisis of 2008 and 2009. We should remember that before the increase in the price of the barrel around a 40% last year, and before the necessary replacement of oil coming from Libya that has disappeared from the market an offer of 1.3 million per day, and of Syria and Yemen affected by geopolitical problems; countries such as Saudi Arabia, Kuwait and the United Arab Emirates seeking a halt to the rise in crude oil. According to the director of OPEC by Iran, Mohammad Ali Khatibi, Arabia and his followers have been too influenced by strong energy consumption as United States (friends) countries that are demanding cheaper fuel (the gallon of gasoline reached US$ 4 in the United States in a presidential election year with 25 million employees and underemployed and an economic recovery) too lethargic).