Source: http://miss-laureen.blogspot.com/2012/02/health-fitness-great-products-8.html
Saturday, February 25, 2012
U.S. envoys says North Korea talks no instant fix (Reuters)
[unable to retrieve full-text content]Reuters - Progress in fresh talks with Pyongyang could take "weeks and months," the United States' envoy for the North Korean nuclear dispute said Friday, despite what he called productive discussions over the long-running standoff.
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Friday, February 24, 2012
Judge awards iPhone user $850 in throttling case (AP)
[unable to retrieve full-text content]AP - When AT&T started slowing down the data service for his iPhone, Matt Spaccarelli, an unemployed truck driver and student, took the country's largest telecommunications company to small claims court.
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Web site design Website Or even Cms ? Apple TV Rentals
There is not any getting around this. Online business needs that you have an online presence. You may be only starting and therefore are unsure of what their needs have been in terms of your website or perhaps you do have a website and therefore are not happy using the way it suits with your business technique. A website might be a simple stationary site with multiple web pages, a blog to post often, or a cms that includes both and goes even more by offering a person options when it comes to the way you organize and screen your important information as well as products.
Regardless of whether or not you choose a typical site or start using a cms CMS, there are particular elements that needs to be a part of order to choose a business differentiate themselves from your competitors.
Three Important Elements to Good Internet Design
1. Look
The design of your site must be attractive to visitors without having to be a distraction in the information, services or products you provide. This means deciding on the best shades, having a fine logo design, and achieving as much details in as possible with no cluttered appear.
2. Routing
Make your website simple to navigate. Any visitors, visitors, clients or clients must be capable of finding the way they are searching for without needing to solve the maze. It includes more than actual website visitors. Site navigation is essential with regards to internet search engine indexing too.
3. Conversation
Provide a means associated with interaction from visitors on your own site. The opportunity to opinion, post reviews create easy connection with you might be the life span blood of the business. The greater provision you may make for discussion, the longer any visitors stay put your website. This may lead to an increased conversion rate as well as client satisfaction.
A cms will help you offer all the above without needing to hire the team to maintain all of it. An excellent CMS can make it feasible for you as well as your partners to up-date, upload create changes without contacting manuals or make regular design changes. It really is more involved than the usual website, however the convenience will probably be worth it for you when you have multiple aspects to your business create changes regularly.
Small companies can benefit from the CMS though it will be possible that most your business requirements is a standard web site. The above components of good website design still enter into play, so that you will have to remember that whenever you come to a decision to develop for yourself or even hire a web style company to accomplish to suit your needs.
If you might have the skills and also the time, it is possible to design your own personal website from seed to fruition using lessons or books to assist you together, but if you act like you prefer to concentrate on the business enterprise aspect and/or not sure associated with the thing you need, web designers can work along with you to design an internet site or cms that fits your business completely.
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Source: http://appletvrentals.com/index.php/2012/02/web-site-design-website-or-even-cms/
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Thursday, February 23, 2012
How the poll was conducted (AP)
[unable to retrieve full-text content]AP - The Associated Press-GfK Poll on President Obama and the economy was conducted by GfK Roper Public Affairs & Corporate Communications from Feb. 16-20. It is based on landline and cellphone telephone interviews with a nationally representative random sample of 1,000 adults. Interviews were conducted with 700 respondents on landline telephones and 300 on cellular phones.
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These "Earthworms" Are Actually an Entirely New Family of Amphibian [Video]
![Click here to read These "Earthworms" Are Actually an Entirely New Family of Amphibian](http://img.gawkerassets.com/img/17e8k1176tmunjpg/original.jpg "Click here to read These "Earthworms" Are Actually an Entirely New Family of Amphibian")
Source: http://feeds.gawker.com/~r/gizmodo/full/~3/5MPMP5IliFY/
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Wednesday, February 22, 2012
Baseball Trophies: Organizing A Sports Tournament | Self ...
A sports activities fest is a pleasurable celebration where members of the host area people can sign approximately take part in in a sport or perhaps two. Creative sports activities sub-capabilities just like basketball, volleyball, baseball, badminton, swimming, cheerleading, and a lot of rather a lot are held throughout the sports activities actions pageant dates.
To conduct a successful sports actions fest, initially thing you have to do would be to kind an organizing group. The number of people in the present day inside crew might perhaps differ relying on how substantial you need your perform being. When organizing a smaller sports activities fest, likelihood is you?ll have quite a few individuals to work on everything. But if you prepare to control a considerable perform, it may be supreme to kind committees within the organizing staff. This manner, you shouldn?t fear about lacking tiny but pivotal specifics to the operate due to the reality a crew is assigned to simply about each task.
Future thing you could do is make a decision which sports to contain. You might be a very good organizer of gatherings however once the road of sports activities you decide on won?t attention the local people, all the issues won?t ever carry out out. Do your research or it?s attainable to even do an preliminary survey of what the expected individuals would love to get pleasure from via the festival. Pick the sports which you think many people will participate in.
Sponsors. Imagine of an answer to lift cash with the affair. A good thought could possibly be to ship letters to companies or firms on the subject of sponsorship from the operate or?pacsun coupons maybe teams. You possibly can completely need to have financial assist to generate your sports activities event effective.
After you will have sources, proceed to doing the factors essential available. What a lot more vital matter does a sports activities tournament will need than the sports products? Make all of the sports gear all set by assigning to each sport a professional individual to collect the equipments. Make certain you do not overlook the prizes towards the champions of each sport. Put together the cup trophies much like baseball trophies to be equipped by checking out an awards firm which supplies sports activities actions trophies. It?s potential to check out quite a few awards companies together with IssaquahTrophy.com.
When equipments are prepared, you?ll have to proceed to recruiting coaches. Try universities all-round your neighborhood and talk about with their sports activities actions coaches. Virtually all coaches could possibly be ready to help contemplating that they perceive the relevance of encouraging people, significantly the youth, to perform sports activities activities.
Publicize. When almost every part is settled, it is time you promote this pleasurable affair. Print posters, article invitations to interpersonal media websites, or let is unfold by phrase of mouth. The extra individuals to take part, barely extra thrilling it will likely be!
For several types of acrylic trophy, crystal trophy, baseball trophies, and plaques, go to IssaquahTrophy.com
Leon Edward helps people in Personal and Career Growth, leadership Development, Goal Setting, Success, Motivation, Self-Improvement, Happiness, Memory Improvement, Stress Reduction and more through his articles, blog posts and special reports . Join Leon Edwards Awesome Success Free, Get his personal success, development and growth weekly newsletter as well as success classics and tips on attracting success and wealth. Visit his Success-Leadership Library, Articles at http://www.AwesomeSuccess.org Leon Edward also helps people improve IQ, focus, memory, concentration, creativity, speed reading, public speaking , time management and reducing stress. Download his IQ Mind Brain Memory Self-Help library at his website http://www.IQMindBrainLibrary.comLeon Edward helps people improve in Leadership Development, Goal Setting, Success, Motivation, Self-Improvement, Happiness, Memory Improvement, Stress Reduction and more through his articles, blog posts and special reports . Join Leon Edwards Awesome Success Free, Get his personal development training, success and growth weekly newsletter as well as success classics and tips on attracting success and wealth. Visit his Success-Leadership Library, Articles at http://www.AwesomeSuccess.orgYou may also be interested in
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Tuesday, February 21, 2012
Mardi Gras revelry, parades take over New Orleans
Fleambeaux Carriers march along side the Captain's float in the Mardi Gras parade in New Orleans, Monday, Feb. 20, 2012.(AP Photo/Bill Haber)
Fleambeaux Carriers march along side the Captain's float in the Mardi Gras parade in New Orleans, Monday, Feb. 20, 2012.(AP Photo/Bill Haber)
Entertainer Cyndi Lauper throws beads while riding in the Mardi Gras parade in New Orleans, Monday, Feb. 20, 2012.(AP Photo/Bill Haber)
Entertainer Bret Michaels holds a handful of beads while riding in the Mardi Gras parade in New Orleans, Monday, Feb. 20, 2012. (AP Photo/Bill Haber)
Pete Fountain makes a toast to start the day long celebration of Mardi Gras while leading his Pete Fountain's Half Fast Walking Club on its trek through the streets of New Orleans, Tuesday, Feb. 21, 2012. This is the last day of the Mardi Gras celebration ending at midnight, after a day long celebration of parades, marching groups and people in costumes. (AP Photo/Bill Haber)
A member of Pete Fountain's Half Fast Marching Club hands out beads as the club begins it's traditional parade through the streets of New Orleans, Tuesday, Feb. 21, 2012. This is the last day of the Mardi Gras celebration ending at midnight, after a day long celebration of parades, marching groups and people in costumes. (AP Photo/Bill Haber)
NEW ORLEANS (AP) ? From stately oak-lined avenues to raunchy displays in the French Quarter, New Orleans let loose with a Mardi Gras party as parades rolled and revelers frolicked amid showers of beads, trinkets and music.
The French Quarter began to fill with costumed revelers soon after dawn. Some people hadn't stopped drinking since Monday's Lundi Gras prequel to Mardi Gras.
Wearing a bright orange wig, a purple mask and green shoes, New Orleans resident Charlotte Hamrick walked along the main avenue of Canal Street to meet friends.
"I'll be in the French Quarter all day," Hamrick said. "I don't even go to the parades. I love to take pictures of all the costumes and just be with my friends. It's so fun."
Across the globe, people dressed up in elaborate costumes and partied the day away. In Rio de Janeiro, an estimated 850,000 tourists joined the city's massive five-day blowout. Meanwhile, the Portuguese, who have suffered deeply in Europe's debt crisis, defied a government appeal to keep working.
In New Orleans, Brittany Davies was struggling through the early morning hours. Still feeling the effects of heavy drinking from the night before, her friends had her out again early Tuesday.
"They're torturing me," Davies joked. "But I'll be OK after a bloody mary."
The predominantly African-American Zulu krewe was the first major parade to hit the streets, shortly after 8 a.m. Most krewe members were in the traditional black-face makeup and the Afro wigs Zulu riders have sported for decades.
In the oak-lined Garden District, clarinetist Pete Fountain prepared to lead his Half-Fast Walking Club on its annual march down historic St. Charles Avenue.
Fountain, 82, gave a thumbs up to start off and his band launched into "When The Saints Come Marching In" as they rounded the corner onto the avenue of 19th century mansions. It was the 52nd time that Fountain's group has paraded for Mardi Gras. This year, the group wore bright yellow suits and matching pork pie hats for its theme, "Follow the Yellow Brick Road."
In the Quarter, Joshua Westbrook had been on Bourbon Street drinking since Monday afternoon. His eyes were tired Tuesday morning but he was determined to see Mardi Gras through.
"I'm struggling, but I'm going to push through it," he said.
Wearing a purple wig, New Orleans resident Juli Shipley carried a gallon (almost 4 liters) of booze down Bourbon Street and filled her friends' cups when they got low. "We're going to wander all day and people-watch," Shipley said. "That's the best part of Mardi Gras ? the costumes. They're amazing."
Partygoers were dressed as Wizard of Oz characters Dorothy and the Wicked Witch, bags of popcorn, pirates, super heroes, clowns, jesters, princesses and lots of homemade costumes with the traditional Mardi Gras colors of purple, green and gold.
Tom White, 46, clad in a pink tutu, bicycled down the avenue with his wife, Allison, on their way to the French Quarter. "I'm the pink fairy this year," he said. "Costuming is the real fun of Mardi Gras. I'm not too creative but when you weigh 200 pounds and put on a tutu people still take your picture."
His wife was not in costume. "He's disgraced the family enough," she said.
The celebration arrived in Louisiana in 1682 when the explorer LaSalle and his party stopped at a place they called Bayou Mardi Gras south of New Orleans to celebrate. The site is now lost to history.
The end of Mardi Gras gives way to the beginning of Lent, the period of fasting and repentance before Easter Sunday.
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Satellite Mobile phones ? Cell Phone News | tillmidnight.biz
With the enhance of terrorist attacks, and also possible devastating of the mobile networks, people attending conventions are finding the possibility of leasing satellite telephones, finding the best way to communicate everywhere with any person at anytime Satellite phone sales. If you?re a wild life photographer, choosing major shoots in the darkest jungles, where the need to interaction becomes tough, the satellite television phone is going to be of much use in times of you want to communicate. Satellite tv phones are typically useful in spots with no terrestrial facilities or in spots where the facilities is not usable, such as, hurricane inflicted regions, flood affected areas, etc.
Nowadays, leading industries including, Iridium, Globalstar & Thuraya are offering to you satellite mobile phone solutions, together with each of them supplying their own unique advantages and benefits. There are various options for you to choose from, with the greatest phone option depending upon you and vacation spot, remembering that the satellite mobile phone does not always offer you global coverage or means world mobile phone. You may visit the various sites which listing of the types of telephones available from diverse companies, showcasing the features together with coverage place and charges. It is recommended that you review the specifics and stats before looking at on using such a satellite television phone.
Satellite tv phones produced its debut in The nineteen nineties with a lot of anticipation. While commercial applications of this sort of phones didn?t commence in earnest until about Three to four years back, the satellite mobile phone companies underwent a lot of tough weather, declining financially and also technically. A few problems are readily available even today, when a satellite operator?s network fail. There may be other reasons as well.
Iridium satellite is proud of over One hundred,000 customers with its Sixty six satellites and is supposed to be simply behind Globalstar together with 115,500 subscribers. Iridium provides applied for an additional spectrum of three.1MHz to meet their growing demand of about One particular,000 fresh subscribers monthly. Satellite telephones are expensive and dear to operate, but yet it serves the purpose in communication its keep is no some other way of interacting.
A satellite television phone, called ?satphone?, is a cellular telephone technique, that talks directly with the orbiting interaction satellites and also depending on the network architecture, the protection may be international, or limited to specific parts. These types of telephones generally operates with the reduced orbiting satellite (LEOs), which is shown to provide a broader coverage and better communication quality satellite phone plans. The size of a satellite mobile phone is comparable to the scale and weight of the cellphones that were found in the delayed 1980s or even early The nineteen nineties and has a large retractable antenna. The phone equipment itself is referred to as a terminal.
The main difference between a satellite television phone understanding that of a mobile mobile phone is that, while you speak with the nearest starting station in the case of a mobile phone, a satellite television phone communicates with the nearest satellite television. This type of satphone connections do not depend upon any network. Some of this particular communication technique covers a large area, by using multiple reduced orbiting satellite, relaying the signals from one to the some other in order to connect you to the destination which you wish to be linked.
Some of the satellite television phones employ satellites in geostationary orbit, maintaining practically total international coverage working between 3 or 4 such satellite, thus decreasing cost. You will need to note that geostationary orbiting satellites they fit at about 22,500 to 25,000 miles above the World. The LEOs, because name implies, are much lacking in space through the Earth, 400 to Seven hundred miles, and thus, a single satellite television has restricted coverage. For that reason multiple this sort of satellites one on one your contact to the required destination. However, LEOs provide better interaction clarity when compared with geostationary satellites, because of the inherent hold off that it expose. The least hold off with such satellite is 3.5 mere seconds and this is often a major problem with geo stationary satellite.
In case of satellite television phones emailing geostationary satellites, the key disadvantage is that, the phone takes a large antenna system regarding signal tranny and wedding reception. In such cases, the antenna should be of substantial gain, that needs far more power to run. Consequently how big the phone additionally increases and may be when compared to the size of terrestrial cellphones in the past, relative to the current little terrestrial mobile phones. Satellite tv phones demand a clear take a look at the sky to function and will not operate inside a building, car or possibly a boat. It might require outside antenna technique to operate in these environments. This really is clearly a life threatening disadvantage.
In working of an cellular phone, the key is based on separating an area into zones or even base channels called ?cells?. Because you communicate whilst you move, you depart a particular area and enter another. The call will be handed over from a previous cellular where you were, to the another one where you are at the moment passing by means of. Your interaction is in electronic format switched towards the cell where you stand in. Each cell phone along with your Sim card together with hold satisfactory information regarding the identity of one?s mobile mobile and therefore the network is aware of where you can locate you when you are making one cellular and coming into the other.
In remote regions, such interaction is not possible due to the absence of mobile network. You might have experienced that, while using your mobile mobile, as you approved different zones, at a distinct area, you lose your connection. The cell phone network apparently finishes there. The network is run on the principle involving ?line of sight?, in order that the towers, setup for mobile communication, must be able to see the other. Within each and every cell the communication is limited to about 31 miles, as the crow lures. Communication complications arise in places where the tower from the cell which you have just remaining cannot effectively see the tower of your existing cell area. This produces dropped calls or breaking apart of voices. There are ofcourse other reasons for this sort of happenings.
Satellite tv phones will not have such constraints, except it requires either the clear take a look at the sky or perhaps an external antenna to operate. If you switch on your satellite mobile phone, the indication goes up towards the satellites and also gets addicted to to that particular one particular or a group of satellites, with which you are registered. When making a call, the coverage your call needs to have, is determined and its relayed from one satellite television to the some other. On achieving the vacation spot, the indication is forwarded to the relevant World station, where it is directed by the entry the towards the call vacation spot. If you should always be calling a satellite mobile phone from your cellular, a reverse action happens. The entry processes the letter and changes the call data. If you should always be calling an additional compatible satellite television phone from yours, your call details are sent approximately the satellite, which is after that transmitted towards the Earth place. In turn planet earth station sends it returning to the satellite and then joins you to the called satellite television phone.
Satellite tv telephony is becoming more and more needed with the radio frequency bandwidths getting exhausted and also that they cable lines cannot be fixed to all the various components of the earth. Satellite tv phone technology is considered to be a formidable technology to keep interaction going in life, with its ability to let you connect even on the move and to any kind of this earth, no matter where you are. When you are lost in an expedition, a satellite television phone along would end up being a life-saver. You will end up constantly in contact with any part around the globe with your mobile phone.
Source: http://librehat.info/satellite-mobile-phones
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Source: http://tillmidnight.biz/77/satellite-mobile-phones-cell-phone-news/
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Monday, February 20, 2012
Beyond Blue 5: Jobs, Jobs, Jobs | Via Meadia
America?s economic structure, the labor market and the American workplace have changed greatly in the last twenty years and will likely change even more in the twenty years to come. Some of these changes are unpredictable; others look baked into the cake. But as the blue social model continues to fade, the question of jobs will rise even higher on the national agenda. The American economy will not only need to create new jobs, it will need to create new kinds of jobs and new relationships between workers and employers as we work to build the next version of the American dream.
This is going to mean new kinds of policy at every level of government. In the 19th century, government promoted the rise of the family farm, selling cheaply and ultimately giving away millions of acres of farmland, and promoting the rise of railroads (which could carry the produce of western farms to world markets). In the 20th century the government promoted the rise of large, stable corporate employers that offered armies of white and blue collar employees lifetime employment and a bevy of benefits.
Those 20th century policies won?t produce the same results in the new era. In many ways, the old jobs policies will now get in the way.? The new economy needs a different framework to encourage new kinds of jobs and new industries; the faster we get to these the faster we will emerge from the death throes of the blue model into a new and much brighter world.
Some mourn the passing of the old ways; some are glad. It doesn?t, fundamentally, matter.? The real political division in American today is between those who think the old days can come back if the government does the right things (tax rich people; pump enough money into state and local government, health care and the higher ed industry; raise tariffs high enough and sprinkle enough subsidies on enough industries to protect and rebuild the manufacturing sector) and those like Via Meadia who think that Humpty Dumpty can?t be put together again, no matter how many of the king?s horses and king?s men set up federal egg patching programs.
Those who think the magic can return are free to organize into political movements and rage against the dying of the light; it?s a free country and VM thinks everyone should do their best to advance their ideas and policy options in the political world. But this fight will at most slow down the pace of change; the real contest in America is going to be about what to do next. ?Energy over time is likely to flow from nostalgia for the old toward the construction of the new.
Wanted or not, changes will continue. Manufacturing may well come back to the United States to some degree, but it will be capital intensive, automated manufacturing. Armies of blue collar assembly line workers won?t be making middle class livelihoods from unskilled factory work.
Lifetime employment will continue to go the way of the dodo. So will many of the aspects of the employment relationship that went with that. Defined benefit pension programs are already pretty much toast; so too is the implied social contract that the employer, like a feudal lord, would provide lifetime protection and security so long as the employee, like a good and faithful serf, provided labor and loyalty.
Those who still have something close to lifetime employment ? tenured professors and teachers, civil servants and other government employees, postal service workers ? feel the unwelcome winds of change. Many who now have these benefits will likely lose them; such jobs will be much more rare and much harder to come by for new generations of workers.
As employment continues to shift away from manufacturing and routine information?processing and administrative activities, the job market is likely to change in some unexpected and, to many, disturbing ways. Many white collar professions and, to use Robert Reich?s phrase, the ?symbolic analyst? jobs are going to experience some of the same pressures that manufacturing employment experienced in the last generation. Automation and outsourcing will combine to limit employment opportunities and income levels for most accountants, lawyers, architects and even some types of medical specialists. (X rays and CAT scans can be read as easily in India as at the local specialist?s office, and given the exponential improvements in software, many other medical processes will become susceptible to outsourcing and automation.) There is no sacred dictate from on high mandating that design work and research need to be conducted in North America by people of European descent.
Many people who project the present into the future and believe that trees grow to the sky predict a future in which the upper middle class levitates into the economic stratosphere while the rest of America sinks into a post industrial quagmire as lawn boys and parlor maids. To do that is to miss this essential dynamic: the upper middle class also faces some destabilizing change. The serried, suited ranks of middle management and midlevel professionals face the scythe just as the steelworkers and the autoworkers once did.
In many and perhaps most economic sectors, the links between employers and employees are likely to weaken. It is not only that fewer people will work for many decades in the same big box processing plants ? whether a factory making hard goods like automobiles or a facility making information products like an insurance company or a bank. As communication software improves, as telecom costs continue to drop, as management practices catch up with technological capability, many more people will work from home, or in small satellite facilities. Increasingly, they will work for more than one company at a time, bidding on assignments, perhaps, on a contract basis rather than as long-term employees.
In this sense the workplace will become less feudal and more transactional. People will date around with employers, rather than settling into long-term exclusive relationships. Entrepreneurs, free agents and freelancers will be much more common than they are now; lifers more rare.
In the old system workers were represented by labor unions ? almost one third of the workforce at the peak, higher if one considers only blue-collar workers. The labor union is predicated on long-term employment; if all the workers are going to be working in the same Ford plant until retirement, it makes sense for them to band together and fight for higher wages.
But in the labor market of the future, workers are less likely to need bargaining agents who improve their working conditions and pay through a rule-making process at their long-term employer. They are more likely to need a kind of career agent who helps them negotiate work contracts for short term gigs and develop a long term plan to keep their skills sharp and move with a changing economy into new fields. Fewer of us will build careers by lifetime service to a single firm; more of us will seek improved pay and more agreeable work by switching companies and even fields. Fewer of us will be represented by the successors of Jimmy Hoffa; more of us will have a personal Michael Ovitz on call.
I?ll write some more about agents as one of the careers of the future in a later post. These agents are likely to combine some of the functions of a lawyer, a mentor and a financial planner; they may work on commission or for an annual fee. They will compete with each other to attract clients who have or who can acquire skills that are in demand; they will provide many Americans with the kind of life, career and education advice that will help them navigate the choppy seas of a changing economy. People are likely to use agents not only to help with employment, but with health care management, education, taxes, financial planning and so on. In the future, everyone will have a staff.
But the weakening of the ties between employer and employee is another way to speak of the ?entrepreneurialization? of the American labor market. In the 19th century, most Americans were entrepreneurs: operators of family farms. In the 20th century, most were employees, often of very large companies. In the 21st century we are likely going to become more entrepreneurial again, only instead of selling the produce of our farms, we are going to be selling the services we produce based on our skills and our imaginations.
The new economy is likely to involve more agents and small entrepreneurs; the falling cost of information dramatically lowers the capital cost of new business start ups. For the price of a personal computer and an internet link, an entrepreneur now has access to information and clients locally and worldwide that giant corporations couldn?t assemble in the 1960s. But the bewildering variety of information available on the web, and the vast number of options consumers have creates needs for reliable, trustworthy filters. Most people can?t deal with the masses of data on the web; they need retailers who can package that information into something they can use.
Many white collar professionals will turn into information retailers providing sophisticated and personalized services for households. Just as the industrialization of manufacturing meant that ordinary people now had access to an abundance of material goods once out of reach of all but the richest, so the industrial revolution in information will place sophisticated services in the hands of the mass market.
More, the proliferation of small information-based business will create markets for B2B information service: consultants who help small entrepreneurs manage technology, cash flow, marketing and other functions.
Currently, the American legal and regulatory system is set up to bind as many people to employers as possible. The government wants you to be a wage slave and sets up a regulatory framework that keeps as many of us as possible yoked to bosses and management. The IRS doesn?t like the self-employed, fearing they many conceal income. Banks and credit card companies view such people with suspicion, and it is notoriously difficult for start ups and part time enterprises to have access to formal finance. Many services are hard for the self-employed to get on terms like those made available to employees of large corporations: from health insurance to retirement planning, many things are harder and more expensive for the self-employed. The payroll tax system is brutal: the self-employed pay both the employer and employee halves of Social Security and Medicare taxes, almost 20 percent of income and likely to go higher. Many cities will tack on unincorporated business taxes, mass transit taxes, and other interesting feudal exactions and dues.
There are other, subtler ways in which the current system favors old style large employers over small firms.? The cost of hiring people can be prohibitively high for small businesses: the paperwork involved in hiring so much as a cleaning person or babysitter can be cumbersome.? Hiring full time workers involves negotiating the requirements for worker compensation, unemployment insurance and much else. The cost of these barriers cannot be calculated: jobs foregone, businesses stifled in their cradles, ideas untested, innovations untried.
In order to create the kind of job and service explosion that can provide better incomes for more Americans going forward, the government needs to shift policy. It must favor the small firm and entrepreneur: the owner-proprietor group needs to become the apple of the government?s eye. Their taxes should be cut; their paperwork burdens drastically reduced; regulations should be rewritten and simplified to meet their needs.
Cutting paperwork is much cheaper for the government than cutting taxes, by the way, and its effect on small business is likely to be much more profound. Small, lightly capitalized business enterprises are usually led by people who don?t have much time or know how when it comes to bureaucratic requirements. Even very basic payroll issues ? filing and paying estimated taxes, managing benefits such as unemployment and disability insurance and so forth ? stretch their capacity.
A system that allowed small business to simply hire people with a handshake and pay them with a check, notifying the government once a year of amounts paid and to whom (and with the ability to deduct all reported wages from gross receipts for tax purposes) would likely increase the rate of business formation and hiring and if anything would result in a net increase of revenue for the government as more jobs were created and as fewer start ups and small enterprises would chose to operate under the table.
Taxes and insurance would be the responsibility of employees, and compliance could be enforced through the employer-filed reports of wages paid. Employers would have a strong incentive to comply with the reporting requirement because it will be simple (name, amount, social security number) and because full reporting would result in substantial reductions to their own tax bills. To ensure that workers aren?t abused by this approach, a designated percentage of base wages would be earmarked for social insurance programs; in general it is less the dollar cost of some of these programs than the reporting and paperwork headache that is a problem for small business. Banks could be encouraged to set up payroll deposit programs that made regular estimated tax and other payments to government agencies, perhaps by working with existing payroll companies.
There are many other impediments to the operation of small business, especially in urban poverty zones where, perversely, regulations are often tightest where the poorest people live. Cities like San Francisco, New York, Chicago and even Detroit often burden small business with contradictory, expensive, poorly administered and bewilderingly complex reporting and permitting requirements ? to say nothing of taxes. Many businesses are simply throttled before birth; others operate informally and in the shadows. This provides an underground labor market for undocumented workers, means that many workers are not getting social insurance coverage, and deprives many businesses of any access to the formal credit sector, limiting the chance for expansion and job growth.
These wrongheaded and self defeating policies were expensive in the era of the blue social model, which has seen an economic collapse in American cities without precedent in our history; they will be ruinous in coming years as the economy continues to shift.
Blue partisans tend to prefer ?industrial policy? and ?targeted investments? in infrastructure and elsewhere to generalized reductions in taxes and regulations as a way to promote economic growth and accelerate America?s path into the future. I am not a purist and do not object to these measures always and in principle. I do not, for example, think President Eisenhower made a ghastly mistake when he inaugurated the interstate highway system.
But at this particular moment in history, the case for such policies is much weaker than at other times. This is partly because massive public investments generally go to large firms at a time when it is small business that we need to promote. It is partly because planned infrastructure investments work best when progress looks linear. In the 1950s it was relatively easy to project the immediate growth path the American economy was going to take. Today we are doing something much more complex and multifaceted, and it is not clear just how the bets should be laid. Moreover, the desperate hunger of large organizations and interests for government funds leads to intense pressure for white elephant projects like the California high speed rail project. (Repair of existing infrastructure is a different question and to the degree we clean up the long term fiscal picture and get public works costs under control, there is much to be said for infrastructure repair and renewal in times of high unemployment and low interest rates.)
It is also true that when political types think about ?smart investments? they often let their wishes master their thoughts. Clean energy would be very desirable and there is a political constituency for it; politicians will invest in it despite decades of failure (in, for example, solar energy). The ?smart investments? are almost always ?feel good? investments and industrial policy almost always reflects the social and policy preferences of large and well organized interest groups. In a time of relative technological and economic stability that may not be so bad; these days, it can be ruinous.
Instead of making what industrial policy advocates always call smart investments in the industries of the future (and which much too often turn into ethanol and Solyndra type boondoggles), we need to be improving the climate for the creation of new enterprises.? We don?t now know exactly what new services, new organizations, new products and even new professions will characterize the unprecedented information-rich economy that is beginning to rise around us. Nothing like this has ever been seen before, and it is impossible to plan for a future shaped by so many disruptive technologies all coming on line in such quick succession.
In our times, the advantages of unplanned capitalist innovation and competition are even more valuable than usual. We need an era of social and business experimentation. Many of the bright young people who a generation ago would have gone to work for large corporations or law firms, or moved into tenure track academic positions, need to find new ways of making a living. The young people who would have gone into factory jobs or routine but secure clerical positions must also find new ways of using their skills and talents. The terrain is uncharted; the old systems don?t work.
Government needs to clear unnecessary obstacles out of the paths of the pioneers of the new economy. The single most effective way the government can support the necessary change is to adapt its regulatory and employment policies to the needs of the start ups from whose ranks the leaders of the future will emerge. That is not the only type of change that would help, but it is the most important one.
The jobs of the future will not all come from start-ups and small business, but a very large proportion of them will. The best industrial policy we can have now is a policy that supports the rise of new information and service based enterprises. Small business and other, innovative forms of creative association (like co-ops and partnerships) will be a key engine of growth growing forward. We must do everything possible to accelerate and promote their growth; it is the best and fastest way out of our current troubles to the broad and sunny uplands that lie ahead.
Source: http://blogs.the-american-interest.com/wrm/2012/02/20/beyond-blue-5-jobs-jobs-jobs/
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Reviewing The Diverse Commercial Loan Rates - Finance Analysis
Posted by publisher on February 18th, 2012
Mortgage firms are is committed to be of improved service to their clients. They serve their clients for the very best that they are able to since customers are the ultimate indicates of keeping the business going.? Nonetheless they?ve guidelines and requirements demands that should be met just before it is possible to apply for a loan. This way they are going to know for anyone who is qualified to apply for a loan.
They?ve credit verifiers who does the background check and they will be certain that your documents are authentic and pass their common requirements. They are performing this so that they?ll know how feasible your small business is and your capacity to pay back the loans.
It?s also a very good notion in case you can use on-line loan calculator that lots of web sites offer. This really is a very useful tool which will help you calculate the commercial loan rates plus the monthly payments that you simply will must make. This can enable you to develop an informed choice and will make it straightforward for you to compare various alternatives obtainable. The aspect that should be considered meticulously are the commercial loan rates, the number of years for loan repayment and associated charges and fees for the loan processing.
There are various lenders who would request you to present a security from the loan or collateral. This can have an effect on the rate of interest the lenders will charge you. Should you can pledge an asset for the loan, lenders have a tendency to charge you with much better rates because of the low risk involve. It is very significant that you know the commercial loan rates before you sign the loan documents. These lenders are also seeking soon after the welfare and safety of their firm, as a result, the should verify the applicant?s background is usually a have to. They may be conducting further investigations as to how the client is in a position to pay the debts.
Both comments and pings are currently closed.Source: http://eftanalysis.com/2012/02/18/reviewing-the-diverse-commercial-loan-rates/
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Sunday, February 19, 2012
Wynn Resorts buys out biggest stakeholder
FILE - This June 17, 2004 file photo shows Las Vegas casino mogul Steve Winn, right, talking with his business partner Kazuo Okada during a Gaming Commission hearing in Carson City, Nev. Wynn Resorts says it forcibly bought back shares from its biggest stakeholder after finding the Japanese tycoon made improper payments to gambling regulators. The Las Vegas company says it took action against Okada after a year-long investigation uncovered that he engaged in activities that violated U.S. anti-corruption laws. Wynn has asked Okada to resign from the board. (AP Photo/Nevada Appeal, Cathleen Allison)
FILE - This June 17, 2004 file photo shows Las Vegas casino mogul Steve Winn, right, talking with his business partner Kazuo Okada during a Gaming Commission hearing in Carson City, Nev. Wynn Resorts says it forcibly bought back shares from its biggest stakeholder after finding the Japanese tycoon made improper payments to gambling regulators. The Las Vegas company says it took action against Okada after a year-long investigation uncovered that he engaged in activities that violated U.S. anti-corruption laws. Wynn has asked Okada to resign from the board. (AP Photo/Nevada Appeal, Cathleen Allison)
NEW YORK (AP) ? Wynn Resorts Ltd. is looking to sever ties with its biggest stakeholder and one-time ally.
The Las Vegas casino operator said Sunday that it forcibly bought back all the shares controlled by Kazuo Okada after finding the Japanese tycoon made improper payments to overseas gambling regulators. The company also filed a lawsuit against Okada for breach of fiduciary duty and asked him resign from its board.
The announcement marked the latest deterioration of Okada's relationship with Steve Wynn, founder of Wynn Resorts.
Okada is the founder of casino game maker Universal Entertainment Corp., which held an almost 20 percent stake in Wynn Resorts through its privately held subsidiary Aruze USA Inc.
Aruze's 24 million shares were worth about $2.7 billion based on Friday's closing price and were acquired for the discounted price of about $1.9 billion.
The actions by Wynn Resorts stem from a separate casino resort project Okada is undertaking in the Philippines.
After a year-long investigation, Wynn Resorts said it found more than three dozen instances over a three-year period in which Okada and his associates engaged in "improper activities for their own benefit."
That included cash payments and gifts totaling about $110,000 to foreign gaming regulators, the company said. Wynn Resorts said the actions were in violation of U.S. anti-corruption law.
The investigation, which was led by a former FBI director Louis Freeh, also found Okada and his associates consciously took actions to conceal "the nature and amount of these payments," Wynn said.
Based on the report, Wynn Resorts said its board found that Okada is "unsuitable." The company's articles of incorporation provide for redemption at "fair value" of the shares held by unsuitable individuals.
The company issued a 10-year, $1.9 billion promissory note in redemption of the shares. The notes bear an interest rate of 2 percent.
Wynn said it will also immediately recommend that Okada be removed from the board of its Hong Kong subsidiary, Wynn Macau Limited.
An email sent to Aruze seeking comment from Okada was not immediately returned.
Since 2000, Okada has invested $380 million in Wynn Resorts. But last month, Okada filed a lawsuit against the company to seek financial documents regarding Wynn's $135 million donation to the University of Macau; its 2010 amendment to a shareholders agreement among Okada, company founder Steve Wynn and Wynn's ex-wife, Elaine Wynn; and the use of $30 million that Okada gave to Wynn Resorts in 2002 to help develop a Macau casino project.
During a conference call with investors earlier this month, Steve Wynn addressed the company's "sharp disagreement" with Okada over his dealings in the Philippines.
Wynn said that the company had taken "a very strong opinion about not wanting to give the impression that Wynn Resorts was the developer of the land that (Okada) acquired in the Philippines."
Wynn said that Okada was free to go into business in the country, but that he did so "without the organizational support or financial support of the company that he is an investor in at the moment."
In Las Vegas, Wynn Resorts Ltd. owns the Wynn Las Vegas and Encore Las Vegas resorts. The company also owns Wynn Macau and Wynn Encore Macau in China.
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Saturday, February 18, 2012
Report: Most Honduras fire inmates awaited trial (AP)
COMAYAGUA, Honduras ? The prisoners whose scorched bodies were carried out piece by piece Thursday morning from a charred Honduran prison had been locked inside an overcrowded penitentiary where most inmates had never been charged, let alone convicted, according to an internal Honduran government report obtained by The Associated Press.
More than half of the 856 inmates of the Comayagua farm prison north of the Central American country's capital were either awaiting trial or being held as suspected gang members, according to a report sent by the Honduran government this month to the United Nations.
A fire started by an inmate tore through the prison Tuesday night, burning and suffocating screaming men in their locked cells as rescuers desperately searched for keys. Officials confirmed 358 dead, making it the world's deadliest prison fire in a century.
Survivors told horrific tales of climbing walls to break the sheet metal roofing and escape, only to see prisoners in other cell blocks being burned alive. Inmates were found stuck to the roofing, their bodies fused to the metal.
From the time firefighters received a call at 10:59 p.m. local time, the rescue was marred by human error and conditions that made the prison ripe for catastrophe.
According to the report, obtained exclusively by the AP, on any given day there were about 800 inmates in a facility built for 500. There were only 51 guards by day and just 12 at night ? the case at the time of the fire.
The prison has no medical or mental health care and the budget allows less than $1 per day per prisoner for food. Prisoners only needed to bear a simple tattoo to be incarcerated under the strict Honduran anti-gang laws, the report said. The U.N. condemns the practice as a violation of international law.
National prison system director Danilo Orellana declined to comment on the supervision or the crowded conditions in Comayagua, a prison farm where inmates grew corn and beans. He referred an AP reporter to the commander of the prison police, who said comment would have to come from his public affairs office, which did not respond to an AP request late Wednesday.
President Porfirio Lobo on Wednesday suspended Orellana and other top prison officials.
Inside the prison, charred walls and debris showed the path of the fire, which burned through six barracks that had been crammed with 70 to 105 inmates each in four-level bunk beds.
Bodies were found piled up in the bathrooms, where inmates apparently fled to the showers, hoping the water would save them from blistering flames. Prisoners perished clutching each other in bathtubs and curled up in laundry sinks.
"It was something horrible," said survivor Eladio Chica, 40, as he was led away by police Wednesday night, handcuffed, to testify before a local court about what he saw. "I only saw flames, and when we got out, men were being burned, up against the bars, they were stuck to them."
The deadly inferno never had to happen.
The frantic inmate who started the fire gave warning, phoning the state governor and screaming he was going to burn the place down. After the man, who wasn't identified, lit a mattress on fire a few minutes later, crews said they rushed to the prison, arriving two minutes after a call for help because the firehouse was nearby. But the handful of guards held them out for a catastrophic 30 minutes, saying they thought the screams inside were a prison break and a riot. When rescuers finally were allowed in, they said they couldn't find keys or guards to unlock the barracks.
Fifteen minutes away, the U.S. military's Southern Command operates Joint Task Force Bravo, where major search and rescue teams and fire squads are on standby. They were never dispatched.
Capt. Candace Allen, a spokeswoman for Joint Task Force Bravo, said they can only send what they're asked for, so throughout the night they sent surgical masks, flashlights and Glowsticks. No one asked for firefighters.
On Thursday morning, officials continued their investigation at the prison, where murals of Catholic saints, Jesus Christ and psalms stand out in an otherwise miserable place. Two palm trees flank the front entrance where a sign reads: "Let there be justice, even if the world perishes."
"Conditions at Comayagua? I'd have to say among the worst in Honduras," said Ron W. Nikkel, president of Prison Fellowship International who visited the facility in 2005. "It was very congested, there's not enough food, it's dangerous and dirty."
The U.S. State Department has criticized the Honduran government for harsh prison conditions, citing severe overcrowding, malnutrition, and lack of adequate sanitation.
"The ready access of prisoners to weapons and other contraband, impunity for inmate attacks against nonviolent prisoners, inmate escapes, and threats by inmates and their associates outside prisons against prison officials and their families contributed to an unstable and dangerous penitentiary system environment," says the most recent State Department report on human rights in Honduras. "There were reports that prisoners were tortured or otherwise abused in, or on their way to, prisons and other detention facilities."
Human rights groups and the U.S. government also say inmates with mental illnesses, as well as those with tuberculosis and other infectious diseases, are routinely held among the general prison population.
Filmmaker Oscar Estrada, whose documentary "El Porvenir" focused on a 2003 Honduran prison riot, said the fire was one of several in recent years, including a 2004 blaze that killed more than 100 inmates.
"When fires break out, they will not open gates to release prisoners and they die inside. It's happened before. They haven't learned because this is a collapsing country, they're not interested in making change," he said.
Prison historian Mitchel P. Roth said fires pose a major challenge for prisons.
"Prisoners set fires in their cells all the time, either for attention, to attack someone, or some people just like fire," said Roth, a professor at Sam Houston State University in Huntsville, Texas.
Prisoners are typically locked in their cells while poorly-trained guards may be scrambling to save their own lives, added Roth, who is writing a book about a 1930 fire in Ohio that killed 322 prisoners in just 30 minutes.
"There's rarely time to react as that smoke spreads," he said. "This was one of those tragedies waiting to happen."
___
Mendoza reported from Mexico City. Associated Press writer Alberto Arce contributed to this report from Mexico City.
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Friday, February 17, 2012
Service Intervals for High Mileage Vehicles in Castle Rock Colorado ...
Nowadays, everyone in Castle Rock, Colorado is paying more at the gas pump. For some families in the greater Denver area, it adds up to several hundred dollars every month. That?s got to come out of the budget somewhere. Throughout North America, people are putting off buying a new car. They plan on keeping their old vehicle for a year or two longer than before.
Even now, 2/3 of the personal vehicles on our local Castle Rock, Colorado roads have over 75,000 miles on them. The average age of vehicles is over nine years. And most people in Denver can?t afford to be stranded or inconvenienced by a break down. So following a regular maintenance schedule, like our personal diet and exercise plans, is actually critical to preserving your investment.
Knowing what to do for a higher-mileage vehicle can be challenging because many owners? manuals don?t publish service intervals after 60,000 miles. It just means that you need to be better at keeping records and planning your preventive maintenance.
You can start by figuring that services with a recommended interval should still be performed on that interval, even after you?re past the tables in your service manual. For example, a service might be recommended every 15,000 miles. Well, just keep doing it every 15,000 miles for as long as you have your car.
Now higher mileage engines operate under more stress. Some experts suggest that the severe service schedule is more appropriate and that routine service should be performed at shorter intervals. Check with your owners? manual or service advisor at Double ?D? Auto Repair, Inc. to see if the severe service schedule is right for your vehicle.
And keeping up with your full-service oil change schedule is important for a couple of reasons. First, older engines have had more time to build up oil sludge. Skipping an oil change here and there can really compound the problem for your SUV.
The second benefit is that your other fluids are routinely checked and topped off. Power steering fluid, brake fluid, coolant and transmission fluid can be kept at optimal levels even though the older seals and gaskets are leaking more than when they were new.
And speaking of older seals and gaskets: they start to dry-out and become more brittle with age. You may want to consider using high mileage formulation oil and fluids. These products contain special additives to condition seals and gaskets to keep them from leaking. The high mileage formulations cost more than standard products, but they are well worth it in terms of preventing serious repair bills down the road.
Older vehicles in the Castle Rock, Colorado area need repairs and replacements that newer ones don?t. Things like timing belts, radiator hoses, suspension work, anti-lock brakes, air bags, water pumps, alternators and batteries. That may seem like a lot of stuff to have done, but it works out to be cheaper than new car payments.
With a high-mileage vehicle, a couple of relationships will become pretty important. The first is with your service advisor at Double ?D? Auto Repair, Inc.. You need someone you trust to take care of your car and be mindful of your needs. Ask for help to develop a plan to keep your vehicle road-worthy that works within your budget, and for the Castle Rock, Colorado area driving conditions.
The next relationship is with your vehicle itself. We?re not talking about naming your car or tucking it in at night. We just mean ? pay attention and get to know your vehicle. Notice unusual sounds, smells, vibrations, etc. Then you can describe the changes to your service advisor at Double ?D? Auto Repair, Inc. and head off problems. We can?t do anything about the price of gas, but we can properly maintain Old Faithful to keep it safely and economically on the local Castle Rock, Colorado roads.
Take a look at the attached automotive tips video from AutoNetTV
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Thursday, February 16, 2012
Don't Forget Your Pour-Over Will | The Law Offices of Saul Kobrick ...
Feb 15, 2012 ?/? By: Saul Kobrick, Estate Planning Attorney ?/? Category: Wills and Trusts
Many people are opting for revocable living trusts these days rather than utilizing last Wills to arrange for the transfer of their assets.
There are advantages that you gain if you go this route, and one of them is the fact that you can include an incapacity component when you draw up the trust agreement. Expressing your wishes with regard to the preferred course of action in the event of your incapacity is an important part of a holistic estate plan.
In addition, the utilization of a revocable living trust allows for the transfer of assets outside of the process of probate. Probate is often avoided because it is time-consuming, it is expensive, and it is a proceeding that is public.
However, if you use a revocable living trust to direct the eventual transfer of your assets you are probably going to have certain resources in your personal possession?when you die that you did not place in the trust. How these assets would be distributed would have to be sorted out by the probate court. That is, unless you also include a pour-over Will in your estate plan. With this document you state your desire to have resources that you have left over directed into the trust that you created for the benefit of your heirs.
If you are interested in the possibility of creating a revocable living trust along with a pour-over Will, don?t hesitate to pick up the phone to arrange for a consultation with a good Suffolk County Estate Planning lawyer.
?
The Law Offices of Saul Kobrick, P.C. is a member of the American Academy of Estate Planning Attorneys.
Tags: Estate Planning, Inheritance Planning, wills
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Source: http://www.kobricklaw.com/blog/wills-and-trusts/forget-pourover/
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'The Challenge: Battle Of The Exes': Tyrie Falls Off A Log And Crushes Jasmine (VIDEO)
When a contestant on "The Challenge: Battle Of The Exes" (Wed., 10 p.m. EST on MTV) says "I'm always nervous of heights and water," it's a pretty safe bet that something bad is about to happen to them, and that water and/or heights will be involved.
So what could possibly go wrong when a nervous Jasmine and her ex, Tyrie, had to cling onto a log as it flew high in the air across water and then began to spin furiously?
Jasmine was unable to hold on: "My stomach is turning and I feel my hands just starting to come apart from each other and I'm a little scared." And that's when she fell off the log into the water.
As Jasmine started swimming to the bank, Tyrie lost his grip on the log and, as the others watched on in horror, he fell into the water, landing right on top of his much smaller ex.
Although it looked horrendous, Jasmine bobbed back up to the surface and the pair managed to complete the challenge. The clash did leave her a bit dazed and in possession of a killer headache though -- "I need a really big Advil right now," she joked.
"The Challenge: Battle Of The Exes" airs Wednesdays at 10 p.m. EST on MTV.
TV Replay scours the vast television landscape to find the most interesting, amusing, and, on a good day, amazing moments, and delivers them right to your browser.
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Source: http://www.huffingtonpost.com/2012/02/16/the-challenge-battle-of-t_n_1281224.html
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Wednesday, February 15, 2012
Senior Fitness: Wallmonkeys Peel and Stick Wall Decals ? Senior ...
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China vows to keep investing in euro zone debt
China will continue to invest in euro zone government debt, the country's central bank governor said today, while calling on Europeans to produce more attractive investment products for China.
Zhou Xiaochuan admitted that China and other emerging nations like Brazil, Russia or India were waiting for the right time to help the bloc, after a European Union state visit was once again met with encouraging words but no concrete public commitments on fresh funding from China.
But he also suggested Europe needed to work harder to entice Beijing to part with its capital.
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"We also hope that the euro zone and EU can innovate their mechanisms to offer new products that are more helpful for Sino-Europe cooperation," he said.
The central bank governor reiterated previous comments from Premier Wen Jiabao that China was ready to play a bigger role in solving Europe's debt problems, noting China had not cut its reserves exposure to the euro zone.
"At the G20, our state leaders promised European leaders that, amid the global financial crisis and the Europe sovereign debt crisis, China will not cut the proportion of euro exposure" in its reserves, Zhou said in a speech at the University of International Business and Economics in Beijing.
Although Zhou's comments largely underlined China's established stance, the remarks helped push the euro to an intraday high of $US1.3163. Traders said some investors were short of the currency, which had exaggerated the rise.
Any bigger role in solving the debt crisis would be via the International Monetary Fund and the European Financial Stability Fund, or EFSF, Zhou said, echoing Wen's comments.
"We strongly believe European countries can work together to handle the challenges. They are able to solve the sovereign debt crisis," Zhou said.
"The People's Bank of China has always maintained close cooperation and contacts with the European Central Bank, and we support each other in many policy aspects. The PBOC firmly supports the ECB's recent measures to address the difficulties."
Verbal reassurances from Zhou and senior Chinese leaders come as European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso are visiting Beijing for a China-EU summit.
Van Rompuy assured his Chinese hosts that they should not underestimate the strong political incentive to keep the euro zone intact.
The summit was delayed from late last year as European leaders struggled to deal with an escalating debt crisis.
Not a white knight
China, with $US3.2 trillion worth foreign exchange reserves at hand, is seen as having the potential financial firepower to bail out some European governments.
Beijing has been consistently reluctant to make firm financial commitments, although it has repeatedly said it supports a stable euro.
Analysts estimate that about a quarter of China's foreign reserves are held in euro-denominated assets.
The head of China's sovereign wealth fund said on Monday that hard assets are more attractive than European government bonds.
Chinese leaders have expressed alarm at protests and strikes sweeping Europe, while lauding a fiscal agreement to be signed in March that will build up a massive fund to backstop European debt.
"We believe the fiscal agreement will mark a big step toward closer economic and fiscal union, which will significantly boost EU member countries' fiscal sustainability and improve the sovereign debt conditions," Zhou said.
China and other countries beyond the 17-country euro bloc want to see its members stump up more money before they commit additional resources to the IMF, which had requested an additional 500 billion euros in funding.
The European Stability Mechanism (ESM), a 500-billion-euro permanent bailout fund that is due to be operational in July, is expected to replace the EFSF, a temporary fund, which has been used to bail out Ireland, Portugal and will help in the second Greek package.
Detailed policies and reforms to be launched by Europe can serve as "platforms" for China and other BRICS countries to help Europe, Zhou said.
Reuters
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