Business And The Forex

Author: Admin  |  Category: Money Transfer

Submitted by: Michael Sanford

The business world is a complex web of supply and demand. Money and goods, physical or otherwise, pass through the global market every single day. To meet this exchange between one country and another, foreign exchange, or forex, was born. The term forex is used to refer to transactions involving the conversion of money of one country into that of another or to the international transfer of money and credit instruments.

Foreign exchange, or forex, is used because different nations have different monetary units, and the currency of one country cannot be used for making payments in another country. Because of trade, travel, and other transactions between individuals and business enterprises of different countries, it becomes necessary to convert money into the currency of other countries in order to pay for goods or services in those countries. The transfer of money values from one country to another and the determination of the price at which the currency of one country will be surrendered for that of another is one of the main functions of forex.

YouTube Preview Image

Forex is a commodity, and its price fluctuates in accordance with supply and demand; exchange rates are published daily in every major newspapers of the world. When the exchange rate is floating, free of government intervention, the rate of the forex, or the price of the currency of one country in terms of that of another, will depend on overall supply and demand and on the relative purchasing power of the two currencies. The forex value will depend on the competitive position of the two countries in world markets. If country has a certain commodity that another country is dependent on, its forex will be significantly higher than the latter. Gold, oil, and exports are just a few of these commodities influencing a country’s forex.

Forex is also dictated at times by speculation of dealers, brokers, or others. What they predict becomes a major influence on forex. However, the government has the power to prevent the forex from crashing. Its gold value and country’s wealth raises help the forex value. The aim of government’s control is to limit the demand for and to increase the supply of forex in order to maintain a stable exchange rate. Control usually provides for allocating forex only for approved imports and requires that all or part of the forex derived from exports or other sources be given to the central bank in exchange for local currency.

Forex is seen as the trading tool of different countries. To stabilize and increase the forex of one country will mean a lot of economic changes. The proper allocation of funds, the stock market condition and the nation’s marketable wealth will determine the future of its forex rate. Understanding the forex rate is relatively simple. Using one country’s forex, i.e. the dollar, we can determine the wealth standing of a country. Say the forex rate of a pound to the dollar is 80, while the dollar to the pound is 65. This means that the pound is more stable and richer that the dollar because of the 15 value difference.

The country’s stability and political scene can also influence it forex rate. Investors bring in a lot of money, which equates to additional wealth for the country. Once that country is not able to guarantee stability, political and economy-wise, these people can take their investments out and leave the forex rate crippled.

About the Author: For more information please goto


Permanent Link:

US stock markets tumble on ‘Black Monday’ anniversary

Author: Admin  |  Category: Uncategorized

Saturday, October 20, 2007

This article features in a News Brief from Audio Wikinews:

Some say history tends to repeat itself. Today marked a day in history, when 20 years ago, the United States Dow Jones Industrial Average market crashed, on what is known as ‘Black Monday‘. The crash sent the market tumbling down 508 points, losing nearly 24%. On Friday, the Dow Jones nearly broke that record when the market closed at -366.94 points, down almost three percent.

Several factors could be to blame for the loss, one being Turkey’s government approving a measure on October 18 to send Turkish troops into Iraq in an attempt to take out militants of the Kurdistan Workers Party (PKK). This sent oil prices skyrocketing to the highest prices in history, with the highest record being just over US$89.00, which was set on October 18.

Fears that the housing market in the U.S. has come to a standstill has also lead Caterpillar Inc., which manufactures and sells construction equipment to issue a warning that the standstill would cause profits to drop, and the American economy to be severely hurt. On Friday their stocks lost nearly six percent to close at $73.57.

Investors and experts of the markets are disturbed by the losses calling the situation ugly.

“It’s pretty ugly. A company like Caterpillar should be a poster child for global growth and benefits of the weak dollar. It makes you question: Is global growth really that strong? Has the earnings kick from the weak dollar played itself out?” said Bell Curve Trading chief strategy expert, Bill Strazzullo.

Others believe that the losses were a way of emotionally responding to the events of ‘Black Monday.’

“Some of the earnings reports were a little disappointing but not that bad. I think we’re responding emotionally to the 20th anniversary of the October 1987 stock market crash. I’d like to laugh except it hurts,” said T Rowe Price Head trader, Andy Brooks.

The NASDAQ also took heavy losses to close down 74.15 points or -2.64%, closing at 2,725.16. The S&P 500 was also hit hard, losing 39.45 points, or -2.56%, closing at 1,500.63.

Retrieved from “”

4-year-old boy killed by dog in Liverpool, England

Author: Admin  |  Category: Uncategorized

Tuesday, December 1, 2009

A four-year-old boy has been killed by a dog in the city of Liverpool in Merseyside, England. The child has been identified as John Paul Massey. The animal belonged to his uncle. The boy’s 63-year-old grandmother Helen Foulkes tried to protect the boy but ended up getting bitten by the dog in the process. She had to receive hospital treatment for the injury.

The dog itself was shot dead in the front garden of the house where the attack had taken place. The police had said that they did not take further action after receiving a report about dog breeding earlier this year.

Chief Superintendent Steve Ashley from the police force said about the incident: “In February this year a housing officer rang Merseyside Police to say they had received complaints of dog breeding at the address. At that time the police said it wasn’t a police matter and no action was taken by Merseyside Police.

That is contrary to our policies and an investigation is now launched into exactly what happened in February.”

Retrieved from “,_England&oldid=1566216”

Report urges Kenya to ban plastic bags

Author: Admin  |  Category: Uncategorized

Wednesday, March 9, 2005File:Plastic bag stock sized.jpg

They are cheap, useful, and very plentiful, and that is exactly the problem, according to researchers. A report issued on Feb. 23 by a cadre of environment and economics researchers suggested that Kenya should ban the common plastic bag that one gets at the checkout counter of grocery stores, and place a levy on other plastic bags, all to combat the country’s environmental problems stemming from the bags’ popularity.

Retrieved from “”

When Short Term Health Insurance Is Be A Smart Solution}

Author: Admin  |  Category: Finance Specialists

Submitted by: Nash Bauder

Since the health law took effect, short-term health insurance plans have become very popular, especially among young adults, people who have a gap in employer insurance or those who have missed open enrollment under the Affordable Care Act.

There are a few major reasons why this plans are appealing:

– They cost much less than major medical plans;

– They can be purchased at any time during the year to provide temporary coverage while you are waiting for an employer or government sponsored insurance;

– They start almost immediately;

– They provide access to broader network of health service providers including many major medical centers;

– Often they are more flexible than ACA-compliant health plans.

YouTube Preview Image

– Other advantages of short term plans you can find at:

But you should clearly understand that short-term health insurance is not for everyone. It can work well for one person and be a completely wrong choice for another. It is not recommended for people with poor health or certain chronic conditions because they wont get sufficient coverage by short-term medical insurance. Also, people who have had serious health problems in the past two years shall look for other types of health insurance because pre-existing conditions are not covered by term policies.

Still short-term medical insurance can be a reasonable solution for many people in need of temporary health coverage while going through some of lifes transitions.


If you have recently found a new job, you may have to wait some time for your employer-sponsored insurance to begin. It can be a smart decision to buy a short-term plan for a month or two to avoid being completely uncovered during this period.


Though the federal health care reform law allows children to be covered as a dependent up to their 26, some day children must be removed from their parents plans. If you are no longer covered through your parents insurance and still dont have a permanent job, short-term insurance may serve you well, especially if you are healthy enough.


A lot of college students find themselves without a medical coverage after graduation. If you were insured under a university plan or under your parents one, you are no longer eligible for them after leaving a college. You may fill this gap in coverage with short-term insurance until benefits begin with your first full-time job.


When you leave your job, you also lose your employer-sponsored health benefits. Many people find it too expensive to continue their employer-sponsored plan through COBRA. A short-term plan may be a good alternative for medical coverage while you are looking for new job.


If you work on a part-time, seasonal or temporary job you are typically not eligible for employer health benefits, while private ACA-compliant plans can be too expensive for you. In this case short-term medical may give you reasonable coverage.


Individuals who have retired before the age of 65, may be faced with a gap in coverage before their Medicare begins. You can consider a short-term insurance as a suitable solution until your Medicare coverage starts.


Term insurance offers reasonable temporary protection from medical expenses for people returning to the U.S. from living abroad.


If you have recently become a U.S. citizen, you may have a waiting period before becoming eligible to get a government-sponsored health plans. Short-tetm medical can be a good option for you to have U.S. coverage.

About the Author: Learn more about benefits of short term health insurance and get the best quotes at:

. At our site you can also review other types of health, life and supplemental insurance.


Permanent Link:}

Canada’s Eglinton—Lawrence (Ward 16) city council candidates speak

Author: Admin  |  Category: Uncategorized
This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Friday, November 3, 2006

On November 13, Torontoians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Eglinton—Lawrence (Ward 16). Two candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Steven Bosnick, Charm Darby, Albert Pantaleo, Yigal Rifkind, Karen Stintz (incumbent), and Steve Watt.

For more information on the election, read Toronto municipal election, 2006.

Retrieved from “—Lawrence_(Ward_16)_city_council_candidates_speak&oldid=435115”

Old deeds threaten Buffalo, NY hotel development

Author: Admin  |  Category: Uncategorized
Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “Old deeds threaten Buffalo, NY hotel development” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Tuesday, November 21, 2006

Buffalo, New York —Buffalo, New York developers have been stymied by old real estate deeds.

The prospective Elmwood Village Hotel may be scuttled and businesses now located there may be forced to move.

Frustrations over property located in an area once known as “Granger Estates” circulate around a clause in the original deeds over land divided by then-owner Erastus Granger in the early 1800’s.

According to the documents, “no business establishment of any kind whatsoever” shall ever be constructed on the property, and they shall forever be exclusively for residential use only. Also prohibited are barns, farms and stables.

Sam Savarino, CEO of Savarino Companies, the prospective hotel developer, announced that his legal research team found the restrictions on properties located between 1109 and 1121 Elmwood Avenue which also stated in part that “no businesses, hospitality establishment of anykind whatsoever” shall ever be permitted to be built on the property.

Savarino, whom is expected to contest the restrictions, said that his company could have ignored the findings, but that, “we can’t risk the future of a multimillion-dollar project on the hope they wouldn’t be discovered. Our opponents would have had a field day if they’d surfaced after the fact.”

Savarino said his attorneys and researchers are anticipated to determine “exactly what weight the restrictions carry and if there’s a way for the courts to negate them.”

Existing businesses are also jeopardized.

Hans Mobius, owner of some of the restricted properties upon which a carriage house is built, said, he wasn’t aware of any restrictions, and “never had a reason to research the deed and title documents.” He confidently added that, “the lawyers can get this taken care of.”

Other threatened businesses include Don Apparel, H.O.D. Tattoo, Forest Plaza Art Gallery and Allentown Music.

Retrieved from “,_NY_hotel_development&oldid=4550513”

Monster Pig killed by eleven-year old boy

Author: Admin  |  Category: Uncategorized

Saturday, May 26, 2007

The mainstream press has recently uncovered the story of a wild pig, nicknamed ‘Monster Pig‘ killed on May 3, 2007, by an eleven year-old boy, Jamison Stone. The location is disclosed as a 2,500-acre commercial hunting preserve called Lost Creek Plantation, outside Anniston, Alabama.

The wild hog weighed 1,051 lbs. and was 9 ft. 4 in. from the tip of its snout to the end of its tail. The hog’s head was mounted on an extra-large foam form and measured 54 inches around the head, 74 inches around the shoulders and 11 inches from the eyes to the end of its snout. The balance of the hog is being turned into approximately 500 to 700 lbs of sausage. Jerry Cunningham, an Oxford taxidermist, said it was, “[the] Biggest thing I’d ever seen”. Wildlife specialist Dr. Jim Armstrong commented on the size said, “You might get a boar that weighs 300 or so, [Monster Pig] that’s a big pig”.

Stone said he shot the pig eight times using a Smith & Wesson Model 500 with a holographic scope and ported barrel firing 350-grain Hornady cartridges. Stone had to chase the hog for three hours through hilly woods before finishing it off with a point-blank shot.

It was a pretty uneventful thing until the day after, I hadn’t seen a lot of pigs up close. I didn’t know it was a monster pig. I just knew it was as big as a cow.

The web host for the official web site advised Stone that the number of hits totaled 1,246,464 as of Monday, May 21st.

Two previous record holders are Hogzilla a wild hog that was shot and killed in Alapaha, Georgia, on June 17, 2004, by Chris Griffin on Ken Holyoak’s farm and hunting reserve. It was alleged to be 12 feet (3.6 meters) long and to weigh 1,000 pounds (450 kg). Its weight was later determined to be closer to 800 lbs. A second involved local news media that reported on January 5, 2007, an 1,100 pound (500 kg) hog was shot in Fayetteville, Georgia. The shooter was William Corsey, who hung the specimen from a tree in his yard. A spokesperson from the Georgia Department of Natural Resources said that large boars and feral hogs were common in South Georgia, but that no records are kept on them. The media latched on to the notion that this animal rivals the size of Hogzilla.

Retrieved from “”

Hemorrhoid Surgery: The Pros And Cons Of Rubber Band Ligation

Author: Admin  |  Category: Dentist

By Bello Gbenga

Rubber band ligation has become a very popular method of treating hemorrhoid in recent times. It is also known as hemorrhoid banding. The basic concept of this procedure has been known for a long time and this concept has been described long ago. {To know how to heal hemorrhoids without the use of surgery click on the links in the last paragraph below}

Hippocrates had written about this procedure in the curing of troublesome rectal problem by the tying of the swollen varicose veins by the help of a strong string, which is used to relief the pain. The same basic technique is still employed in the modern form of the procedure which is however more refined and much less painful. {If you want to learn how to cure hemorrhoids without pain click on the links in the last paragraph below}

This procedure is carried out in the hospital or clinic as a day surgery in which the patient is discharged on the same day of the operation. The patient has to lie on his sides and would have to raise his or her knees up to its chest. After that, the doctor will insert a proctoscope into the rectum so that the lower rectum and anal canal is visualized better and the hemorrhoid located properly. Space is also created for insertion and working with the help of other medical instruments. Then a pair of forceps is used to give easier access to the Barron ligator which is used to place the pair of bands. The bands are used to cut off normal blood flow into the hemorrhoid veins causing the hemorrhoids to dry and fall off.(Click the links in the last paragraph below to discover a totally painless effective method of curing hemorrhoids)

YouTube Preview Image

Upon successful completion of the procedure, the patient is advised to take three to five days off work and activity to allow for proper recuperation and healing. The patient is also not supposed to take any kind of aspirins or other medications during the recovery period.(Click the links in the best paragraph below to discover how to treat hemorrhoids safely within the comfort and privacy of your home)

Like any other medical procedure, rubber band ligation has its own potential risks so it is important that procedure is done in a hospital which is reputed and has a wonderful track record. The most common risk with this treatment is the band falling off or breaking out. After the procedure is completed, the hemorrhoid which had been creating problems is basically cured and brought under control. But this does not guarantee or ensure in any way that future problems or breakouts could be ruled out.(Click the links in the last paragraph below to discover the safest way to cure hemorrhoids without side effects)

If other medications are used before two weeks after the treatment, they may interfere with the normal healing process post operatively. The muscles may swell up and contract making the operating site uncomfortable and painful. Some other possible side effects include infections, bleeding, anal fissures, pain, etc.

About the Author:

Click Here To Avoid Unnecessary Pain and Stress

To Cure Hemorrhoids. This

Natural 100% SAFE, Effective and Inexpensive Product

Will Give You IMMEDIATE Impact.

Get a FREE report on How You Can Cure Hemorrhoids Naturally



Permanent Link:

Leaked cables cause Australian concern

Author: Admin  |  Category: Uncategorized

Friday, December 10, 2010

Leaked diplomatic cables between Australia and the US Secretary of State, Hillary Clinton, have raised controversy in the Australian community. The documents were released by the whistle-blowing website Wikileaks. The cables between the then prime minister of Australia, Kevin Rudd, and the US Secretary of State, Hillary Clinton, revealed that China may need to be forced to integrate into the international community. The secret documents also contained information of a conversation between Clinton and Rudd in Washington. In the interview, Rudd stated that China was “paranoid” about Taiwan and Tibet.

The sensitive documents may place a strain on diplomatic relations between Australia and China. Despite this, Kevin Rudd reassured the public that the “robust” relationship between Australia and China wouldn’t sustain any substantial damage to the relations between the two countries. At this stage, Prime Minister Julia Gillard has provided no further comment on the matter, other than to ensure that the relationship between China and Australia would allow opinions to be expressed without any threat to either side.

At the heart of the leaks is Australian founder, Julian Assange. Wikileaks have now released 821 of their promised 251,287 US diplomatic cables. The cables are being released on a stage-by-stage basis. Earlier this week, Assange was arrested on suspicion of rape in London under a Swedish arrest warrant placed on him from a court in Stockholm on November 18.

Retrieved from “”