Historical facts

On overview on credit cards (08/28/2010)
(...) In layman’s terms, credit card is a card that allows a individual to make purchases up to the limit set through the debit card issuer. One should then spend off the stability in installments with curiosity obligations. Usually, credit card payment per month ranges from the minimum amount set through the bank to whole outstanding balance. (...)

American Express Credit cards (08/27/2010)
(...) In contrast to Visa and MasterCard, AMEX runs the whole display. Therefore, when a credit card says American Express on it, you instantly know who has issued the greeting card, what payment system it has, and every thing else you'd need to know.Despite the fact that MasterCard and Visa are utilized much more all through the world, American Express is usually expanding their networks. (...)

Many countries have followed capitalistic model of economy (06/08/2010)
(...) According to him, to be wealthier, a nation should let the market forces generate economic growth instead of imposing state regulations on trade and price. Though Adam Smith's theory is not much applicable in the era of globalization, but the present capitalism still finds it's root in his theory. Capitalism comprising with privatization and profit driven economic activities rather with a little motive of social welfare, can not survive too long. (...)

The history of Indian economy (05/04/2010)
(...) He was highly impressed by the Russian model of economy. Initially Nehru's policies showed promise with the Indian economy growing at a good pace. But soon we saw slackening of the economic pace. (...)

How Has Currency Evolved (03/24/2010)
(...) Eventually coinage changed from being a unit of weight to a unit of value, setting it apart from its commodity value. Following coinage, bills of exchange became more common with the expansion of European trade in the Middle Ages. Trade in cloth, wine and other commodities expanded rapidly and became reliant upon credit in order to maintain momentum. (...)

The Davidsohn Family: Innovating financial services for more than 50 years (12/02/2009)
(...) This gives enhanced flexibility to firms while also improving their return on investment. Currently, the Davidsohns are in the final stages of developing their fourth-generation back-office solution that will include advanced electronic securities processing along with other features designed to streamline the back office process and bring firms into compliance with the changing regulatory landscape. Michael Dougherty is a financial writer who lives in Boston, MA. (...)

Preventing Financial Scandals With Training (09/17/2009)
(...) As of June of this year, the total amount outstanding at the EDW was N256 billion (US $1.6 billion). While many banks benefited from the EDW, five of the largest banks in Nigeria reportedly owed the most money - Oceanic Bank, Intercontinental Bank, AfriBank, Finbank and Union Bank. (...)

Enjoyment During Global Recession (02/04/2009)
(...) A day visit to an amusement park with the children once in a while can also provide fresh and new milieu to us. Outdoor picnics and small sports events in your house can also provide amusement and enjoyment to everyone in the household. Playing doesn't just make the bonding extra special but also encourages good health and agility to our body. (...)

THE SEC (05/18/2008)
(...) In response to the public reaction to the misdeeds of a number of corporations and accounting firms, and with the strictures of the Sarbanes- Oxley Act and other legislation, enforcement of the law is swift and stringent. The SEC, at this writing, is headed by William H. Donaldson, a long-time leading figure on Wall Street and former chairman of the New York Stock Exchange. (...)

THE SARBANES OXLEY ACT OF 2002 (05/18/2008)
(...) Retaining and monitoring the corporation’s auditors, auditor consulting contracts, and 401(k) plans are no longer the province of management, but are now the purview of the audit committee. This is a radical reversal of corporate practice, and takes from the hands of management a great deal of traditional responsibility for financial controls and puts more responsibility on the Board of Directors. Under these rules, the failure of directors and officers to comply with the new requirements would constitute a breach of duty of care, and the SEC might declare an individual unfit to be a public officer or director, with substantial personal penalties. (...)

SAFE HARBOR LAW (05/18/2008)
(...) The Act puts a greater burden on the plaintiff to prove a case of negligence in making profit projections. But more significantly, it clearly defines a forward-looking statement that, properly delineated, protects management from liability. Under the law, both written and oral statements must be identified as forward-looking, and accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in the statement. (...)