The Federal Reserve Bank has been taking a beating when it comes to how it has moved to handle the current financial and economic situation. The announcement of what is essentially a 200 billion dollar financing plan signals a change in direction.At this point in time, there is really no more mystery regarding the real estate market. Things are simply a mess. Lenders overreached when it came to writing loans for borrowers that didn’t really qualify for them. When the real estate market slowed down, many of those borrowers couldn’t meet their obligations. Large banks and investors in the secondary loan market then started to hemorrhage cash as the loans they invested went bad.All of this has led some absolutely huge losses by large investors and companies. The same investors are also players in most financial markets, which means everything has been impacted. Given the massive losses, a credit crunch has arisen that makes it much harder to find capital to fund transactions. Simply put, you may not be able to borrow money for a home even if you otherwise qualify. This, of course, has served to further crush the real estate market.The first part of this decade was an amazing one for the real estate market. 20 to 25 percent appreciation rates in many parts of the country. It couldn’t last and it hasn’t. Now, we are seeing similar rates of value losses in some parts of the country. Given the lack of money for lending, the chance of a big turn around in the real estate market seems remote.Real estate is the staple economic element of the middle class in this country. It is the foundation upon which much is built economically. This means something must be done. The federal governments decision to offer $300 to $1,200 in tax rebates is nice, but hardly a cure. The Federal Reserve Bank has recognized as much and taken a dramatic step.The Fed has come up with a rather stunning financing plan to add liquidity to the markets. It has created an international consortium with the central banks of Canada, Europe and Switzerland. Together, they will loan $200 billion dollars to investment banks in exchange for debt including poor mortgage products. In short, we are talking about a huge bailout to try to get the investors that bolster the back end of the real estate market moving again.Why has this happened? Why would these banks come forward and offer such a creative plan? Well, there is a scary secret out there. First, the worst has not yet hit in the real estate market when it comes to mortgages. Vast numbers of mortgages are going to reset this year and in 2009. This year, 2008, should be very ugly. To keep the real estate market from completely collapsing, the Fed is trying to make buying possible again via financing. It is a smart plan.The question that most have is will this work? The Federal Reserve Bank has never done anything like this before so there is some risk. That being said, this is the type of creative and “out of the box” thinking needed at the moment. This plan seems to have a far better chance of working than anything offered to this point, so keep an eye on the real estate market. Liquidity can make all the difference between a dropping and rebounding market.
Can Someone Get Life Insurance If They Have Cancer?
Having a cancer history or even going through present treatment can be difficult enough. When dealing with the financial issues associated with the illness (medical bills, inability to work normal hours… ) one may feel even more overwhelmed and alone. Although, many non-profit associations have made resources available for individuals with cancer, the subject of life insurance, we feel, is often poorly covered. Individuals with this illness may not have thought of securing enough life insurance or may not have had the time to. Now that they are ill, many feel that no insurance plans may be available or rates may be too high or no one cares to simply advise them on how to secure a policy now or later.Here are some simple steps to follow to improve your chances of securing a life insurance policy.Get your medical information togetherAs much possible, it is important that you share your health history with the insurance company or broker. This should include not only your cancer history but also your other health history. Your height and weight and your tobacco use should also be shared. Note that this information should be shared with a broker or agent before you even apply to any company. The purpose of this step is to eliminate companies that would not even consider an approval. Although none can guarantee an approval based on the information you will save much time weeding out the ones that are most likely to deny coverage just on the medical information you furnish them. Be precise when sharing information. For example, some insurance companies may consider “presently undergoing cancer treatment” as a treatment such as chemotherapy but not maintenance drugs such as Arimidex. Cancer maintenance drugs are not always ground for automatic decline.Select the top three choicesHow can one decide which companies are the top three choices for life insurance? Two factors will influence that, price and coverage type (assuming you have already selected only highly rated companies). Most insurance companies will give you a possible approval price range. Some, as with simplified whole life, may give you a fixed rate which will either be approved with a simplified underwriting process or be declined. Plan types are also a factor. If you need long term coverage, select the plans that offer you the longest term possible. If all you need is a short term plan such as a 10 year term life insurance policy, then only apply to these plans. Note that, at times, you may find that long term plans are better priced than 10 year term polices. In that case, of course, select the better plan.Stay in touch with your brokerOnce you have applied, it is imperative that you stay in touch with your broker. A good broker will update you regularly but not all will. You must stay in touch and make sure that medical records are being processed by your doctor, exam is set and any information needed is supplied. Don’t be afraid to ask questions throughout the process or even suggest other possible insurance companies. No matter how great your broker is, he or she does not know everything and if you work closely with him or her, a good broker will appreciate your input and the information you share about other options and insurance companies.Errors people may make· Look at the application and decide that they cannot get approved – insurance companies often have different interpretation of terms used.· Select a short term plan to cover a long term need – Thinking that you may always re-apply later at a lower rate once your cancer is far behind, we feel, is too big of a gamble.
Give up too early because of a decline or high rating
Not selecting a broker with access to multiple insurance companies
Lying on the insurance application
Automatically not accepting an offer because it is graded life insurance (coverage is delayed for two to three years)
Thinking that having an insurance exam will be worse than doing a no exam life insurance
Not asking enough questions and share vital information before, during and after the underwriting process
We hope that these simple steps and tips will greatly help you secure the life insurance coverage you need. Always feel free to ask us questions. Be well.
Do You Need a Web Hosting Service?
The standard rule of thumb is that you have to have a domain name to get anywhere in online marketing. If you have a domain name, you have to have web hosting, there is no real way around this fact. Now, there are alternatives to to buying a domain and therefore having to purchase hosting.A lot of people will tell you, that you can market online with free web pages and blogs. But there are pros and cons to free web hosting pages.Pros.Free, pretty self explanatory.You do not have to worry about FTP uploading or any kind of major technical site maintenance.They are usually very user friendly to set up.Cons.The majority are very generic looking and have limited features.The domain name is also going to be semi generic, with the main site name first, with your page name as a trailing keyword. You are basically a sub page of a larger site.Options for creativity are usually very limited and the same options are going to be open to all the users, which in some cases could be millions of people. The chances of cookie cutter sites are very large.Rules and regulations, and yet more rules and regulations.A paid domain name with a site uploaded to a hosting service on the other hand has the following pros and cons.Pros.Your own domain name that enables you to build a brand and reputation around your site.You set your own rules and regulations.Complete creative freedom and options. You can design your own site completely to your own specifications.Cons.You are going to have to pay a fee for your domain name and a hosting service charge.You are going to have to perform any site maintenance and FTP uploading yourself.Personally, I think that when you weigh up the pros and cons of each option, that the paid domain and hosting still wins by a large distance.When you decide to build a site, it will become a part of you on the internet, your persona, you will want it to look exactly as you want and to perform exactly as you want. You are not going to want it to look as some one else’s tool set and rules and regulations dictate. You also want it to be unique, not one of 70,000 very similar looking pages.In the short term, yes free pages can be an option to consider, but long term, you are going to end up purchasing your own domain and hosting.So why delay?
Intercultural Management – Getting the Best From the World
In order to provide modern solutions to modern problems the 21st century manager has to adopt accordingly. One area which requires such emphasis is in their intercultural management skills. Almost all the major companies nowadays get involved with buying, selling or working with people from varied cultural background.Multinationals have offices around the world; native audiences are not the sole consumer of products or services; manufacturers have to depend on foreign markets and distributors or even labor.In a nutshell all companies must understand intercultural communication requirements.Intercultural Management – The Basic IssuesIn today’s world of cut-throat competition, companies are realizing that to attain an advantage and for overall growth and diversification, intercultural management skills have become crucial. The term “intercultural management skills” is loosely defined as the ability of a manager to deal and communicate with people from different cultures. In all forms of people management, communication is a recognized key ingredient for success and intercultural communication is a term of increased complexity.Where you have a multinational organization, intercultural communication is necessary for business development in many ways. Within the business, an multicultural manager plays the role of a go-between for senior personnel and employees and must have clear and effective communication with all.The manager must also build and oversee an efficient team of often worldwide employees to ensure that and strategies and global plans get delivered at the sharp end. Externally a multicultural manager will have expertise in broad and varied cultural awareness for supervising the entrance into foreign markets. The selection and training of people who will work in foreign interests must be overseen.Negotiation and client conflicts should be managed. Potential areas of success and failure arising from culture differences must be analyzed carefully, managed effectively and, where possible leveraged for the value such expertise brings.Intercultural Management – Clear, Focused and ExperiencedThe intercultural manager therefore must ensure that there are no misunderstandings due to cultural differences between colleagues, customers and clients.For achieving this goal the intercultural manager must possess certain attributes such as:-1. A broad international awareness2. Vision to capitalize on differences3. Multicultural and personal behavioral flexibility4. A great sense of patience!Intercultural awareness is the basis of wide ranging management skills. Having a hands-on experience of working amongst varied cultures is critical.Knowledge about the different relationships and their manifestations across international boundaries is necessity, because such managers can only develop the requisite skills by absorbing the many intercultural differences in the target country.Flexibility Is The Key For Cross-cultural ManagersFlexibility will often happen naturally once a manager becomes aware of cultural differences and can see beyond superficial level experiences. Flexibility means thinking out of the box, when considering solutions to intercultural challenges.A flexible manager deals with such problems smoothly with positive solutions. Likewise a manager with international responsibilities must use intercultural differences positively. Despite the challenges, cross cultural differences can only yield positive results when managed well.Thus the assessment of the potential of personnel, products and policies leveraging cultural differences is a huge opportunity. Managed well, by an effective manager, experienced in extracting the benefits of such a role, will lead to added value for the organization, as well as to the advantage of employees in the target country too.There is a Dutch proverb that says, “A handful of patience is worth more than a bushel of brains”.Thus patience is the key for success in intercultural management, because it helps maintain focus and leads to a coherent analysis and an effective solution.