Indian Government Invalidates 500 And 1,000 Rupee Notes

In an attempt to crackdown on tax evasion and illegal black market money, the Indian government decided to invalidate two of the most popular forms of currency. Although the 500 and 1,000 rupee notes accounted for about 80 percent of transactions in the Asian nation, they are now absolutely worthless.

 

This news sparked uproar and chaos in cities all across India. Thousands of people who depend on these cash notes had to rush to ATMs and banks to exchange these invalid bills for lower denomination notes.

 

The Indian government hopes that these measures will help to flush out bad cash in the economy and help India’s poor. Members of India’s Parliament also hope that billions of official notes will be able to recirculate and stimulate the Indian economy.

 

Economists are unsure if this currency move will really have a big impact in combatting the black money problems in India. One critic of this new measure, Cornell University’s Professor Basu, said that the “collateral damage” of this experiment could do more damage than good.

 

Professor Basu also said that people involved in the black money trade will most likely just accumulate new black money once the government releases its new currency. Although this measure will “flush” the system out temporarily, he feels the return of black money is unavoidable.

 

Not all economists, however, are so pessimistic. Some believe this measure could stamp out a good deal of corruption in the nation, as long as it’s closely monitored by authorities.

 

Many people in India are finding it extremely difficult to get by nowadays relying just on cash. Most vendors do not accept 500 or 1,000 rupee notes anymore, which makes it hard for people to buy basic necessities during this transition period.

 

India is currently the 7th largest economy in the world.

The Rise of Marc Sparks to Become One of the Entrepreneurs and Venture Capitalists in Dallas, Texas

Marc Sparks is a serial entrepreneur, venture capitalist, businessman and a renowned philanthropist in Dallas, Texas. He is the author of the best-selling book “They Can’t Eat You,” which provides useful tips to people interested in business. He maintains a varied portfolio of companies in real estate investments, telecommunications industry, and the capital investment sector.

After completion of his high school diploma, Marc Sparks decided to venture in different startups without furthering his education to college or university. He attributes his achievements and success in business to a positive mental attitude and his strong faith in God.

Sparks Companies

Some of the companies that he purchased and founded include The Timber Creek Capital, which is a private equity firm based in Dallas. He also owns the Cobalt Real Estate Services, Cardinal Telecom LLC, Blue Jay Wireless, Splash Media. In 2015, he founded the Bonn Oir Company, which is a manufacturer of vodka, as well as the Uncle Marc Food Delivery, a start-up that delivers food delivery services in the Dallas area. Other companies that he has successfully started and sold in the past include the GlobalTec Solutions, Boxstar LLC., Reliant Healthcare, and the Agency Matrix.

Timber Creek Capital

One of the successful endeavors of Marc Sparks lies in at the Timber Creek Capital, LP. Sparks founded the company with the goal of helping passionate and promising entrepreneurs turn their dreams and ideas to income-generating services and products. Timber Creek Capital provides a variety of services ranging from banking and legal services, marketing, support staff, and customer service, web development, and graphic arts.

They also provide office space and equipment as well as providing a platform for the entrepreneurs to network and share ideas. The company has however moved to a different location to allow the incubation of more startups in their facility. The new facility can now accommodate three startups in the facility from inception to revenue generating companies.

Philanthropy

Marc Sparks is an active philanthropist in different charitable organizations in Dallas. He has contributed to the construction of a shelter for the needy through the Habitat for Humanity initiative. Sparks established the Sparky’s Kids with the aim of helping the underprivileged youths in Dallas get a high School diploma.

He has contributed to other initiatives like donating one thousand computers to the economically disadvantaged families through the American Can Academy. He has also been involved with the Samaritan Inn for over two decades in providing a shelter for the homeless in Texas.

UK Vintners Make It Easier To Invest In Wine

UK vintners have always played a major role in providing the best in high quality wines for their clients across the UK and the world in general. One of the ways the industry has changed in recent years is with a growing number of wine enthusiasts looking to create collections that can be classed as investments, along with the chance to enjoy some of the best wines available to collectors at all budget ranges.

There are many reasons to trust UK Vintners who look to build a cellar or wine collection for the individual with many looking to assist in providing the best equipment, accessories, and storage cabinets to provide an attractive and fully equipped cellar.

The decision of the people of Britain to leave the European Union may have affected the economy of the country, but UK vintners have a number of protections that have allowed them to remain in place as some of the world’s top wine merchants despite a changing global political climate. The Financial Times explains that many of the top vintners in the UK, such as Farr Vintners, take advantage of government loopholes, such as the fact registered vintners can hold a bottle of wine in storage for clients without tax or other charges for the lifetime of an investment.

The success of UK vintners has been in place for centuries with The Worshipful Company of Vintners holding its royal charter for hundreds of years after being established as the City of London was just reaching its peak. In the UK, the rise of vintners as investment specialists began in the 1980s when British wine critics began a series of successful predictions on which vintages and grape varieties would become the most sought after based on just a few tasting opportunities. Wine is now seen as a major investment opportunity for many financial experts working in Europe, North America, and Asia with UK vintners looking to expand their range of services offered to help educate and inform their clients who wish to appreciate wine for its monetary value and taste.

A number of UK vintners have recently been pushing forward the work of local vineyards with Hattingley Valley Wines working with The Worshipful Company of Vintners to develop a way of educating the next generation of UK based wine experts. The southern portion of England has become a hotbed of wine production with vineyards popping up across the area taking advantage of the long growing season that is now thought to produce a more mature range of grapes with a traditionally English taste and texture; an apprenticeship program now provides young people with a way of entering the wine industry as a vintner with up to two years of hands on experience already under their belt.

U.S. President Elect Donald Trump Faces a Complex Trade Deficit

As part of the campaign promises made by New York billionaire Donald Trump prior to his election, some of the most prominent called for an elimination of the American trade deficit; he thinks that increasing expenditures on infrastructure and giving tax breaks to the most powerful corporations will help him achieve his idea of sound economic policy.

 

One of the problems with the economic scenario envisioned by President elect Trump is that institutional investors around the world are paying attention. They like the sound of his campaign promises and are thus amassing Treasury instruments such as bills and bonds. Foreign capitalists are also looking at their central banks, which are increasing their holdings of United States dollars.

 

Ever since Trump was elected to lead the U.S. White House, the dollar has gained almost four percent in value against major world currencies. This may seem good in theory, but the sudden appreciation is actually having a negative effect on trade. American exporter who ship their goods to Mexico are already seeing diminished demand.

 

Whatever economic measures President elect Trump chooses to carry out his plan to wipe out the trade deficit, they should be carefully executed so that they do not elevate the value of the U.S. dollar too much. At the current pace of appreciation, if the greenback gains 10 percent in value by the end of the year, Trump would be looking at a trade deficit that is substantially higher.

 

The current U.S. trade deficit stands at about $500 billion. A recent editorial by The New York Times estimates that the deficit could climb to more than $750 billion if the value of the dollar keeps rising.

 

Why Prison Communication is Great for Families

Securus has been a company that has been around for quite some time now and it’s continually growing as one of the top prison communication systems in the world. If you have never heard of secure as before, you might not know what types of services they offer to the average prison family and what you can benefit from when making use of their services. You will also find out that Securus has recently launched a multi-state campaign that simply raises the awareness of the benefits that come from video visitation.

Video visitation enables you to keep in touch with your prison loved one from the Comforts of home by using your laptop or smartphone device simply by having a great quality software that you can use anytime you would like. This is something that a lot of prison families are beginning to make use of because it takes away from the frustration that comes from making regular trips to the prison where it may not necessarily be convenient for you and your loved ones. My own experience with Securus has been one that is wonderful and it is definitely something that I continually use and recommend because of the benefits that come from it.

Despite the fact that they have recently launched a multi-state campaign to raise the awareness of video visitation for prison families, a lot of people are still wondering if this is a good option for them. But you will be happy to know is that Securus puts security and safety into each and every type of service that they are offering to the General Public. It is a good idea for you to check out so curious if this is something that you feel can benefit yourself or anyone else who might be in the prison system at the current moment in time and would simply like to be able to keep in better touch with their loved ones.

Sources :

Vimeo

 

President Obama’s Economic Advisor Addresses the BBC

One of President Obama’s leading economic advisors, Jason Furman, recently provided an interview to the British Broadcasting Corporation. He assured an international audience the discussions of overturning key items of Obama Administration legislation might prove more difficult for the Trump Administration to achieve than election rhetoric might suggest.

 

Mr. Furman spoke with Stephen Sackur, moderator of the news show Hardtalk during a Friday interview. He expressed the hope the incoming Trump Administration would enjoy success.

 

The 43-year old Chairman of the Council on Economic Advisors graduated from Harvard University (where as a incoming Freshman he attended classes with actor Matt Damon). He earned a Ph.D in Economics at Harvard and has written two widely acclaimed books discussing economic policy. During the Clinton Administration, Jason Furman worked briefly for the World Bank. He also spent time working at the National Economic Council and at the Council of Economic Advisors (the agency he presently heads). He has held university teaching positions and also conducted economic research projects involving subjects as diverse as health care economics and Social Security.

 

During his interview with the BBC, Chairman Furman noted the political system in the United States involves an intricate series of checks and balances which increases the difficulty for any single partisan group to gain total domination over the political process. These counterbalances tend to promote moderate and gradual transformations. He reassured the largely European audience they would likely see smaller changes in U.S. economic policies than recent campaign rhetoric might suggest.

Donald Trump’s Victory May Herald a New Direction for Fannie and Freddie

During his campaign for the presidency, populist Republican candidate Donald Trump repeatedly inveighed against the harm of elites, immigrants, and unfair trade deals — but he had relatively little to say about Fannie Mae and Freddie Mac, the two government-sponsored mortgage giants whose fates have been left unresolved since the government took control of them in 2008 and infused them with $187.5 billion in bailout money. Now that he is president, Donald Trump is expected to return the two companies to private ownership. That is the preferred policy of several Trump supporters, including hedge fund manager John Paulson, who invested heavily in Fannie Mae and Freddie Mac and now stands to gain an enormous windfall from their privatization. Shares of the two companies have surged since the election.

 

However, a pledge to privatize Fannie and Freddie could put the Trump administration in conflict with many Congressional Republicans, such as Rep. Jeb Hensarling, the chairman of the House Financial Services Committee, who is in favor of winding down the two mortgage giants. Trump has not said much publicly and could still come to embrace Hensarling’s position. Yet even as government official continue to talk dutifully about the necessity of allowing more private capital back into the mortgage markets, Fannie and Freddie’s current status under government protection may be difficult to fully resolve. According to the Wall Street Journal, Fannie and Freddie are still sending billions in profits to the government, despite exceeding their capital reserves; these buffers could be exhausted by 2018.

 

OSI Group Takes The Global Food Industry By Storm

OSI first gained entry into the food industry in 1909, while based in Chicago. By then the main product was family meat. Today they have continued to penetrate globally with a diverse product list.

With a Mission to manage their business responsibly, OSI Group has continually added value to the environment, society and economy in which they operate. They are ISO standards compliant and have gained important recognition from relevant food bodies in America and beyond.

Products

OSI’s range of products includes the following:

  • Bacon – naturally smoked. Bacon can be par or fully cooked, chips or bits of bacon.
  • Sausages in all forms including sausage patties.
  • Hot dogs – the full line of hot dogs and special sausages.
  • Pork and beef fully or pre-cooked.
  • Chicken – Here they have various cuts of raw chicken. They even go a step further to marinate them. This category broadens up to processed chicken. Nuggets, strips, buttered patties, name them.
  • Pizza – From the basic pizza dough to a precooked pizza crust to a fully assembled ready to eat pizza. OSI goes all the way out!
  • Sandwich products such as flatbreads and Panini.
  • Stews, salsas, sauces, and soups. – OSI calls this category kettle product.

Note that OSI Group has the capabilities to tailor their products according to a client’s specification. The above merely serves as a guideline of what they can do but does not limit them.

Major Achievements

On August 8, 2016, OSI Group Acquired Baho Food, a private European company based in Netherlands and Germany. The company has had over 60 year’s existence selling convenience foods, Deli meats, and snacks.

With plants based in both countries, Baho Foods was a positive step for OSI to touch base in Europe. Also, they have established a supply chain in 18 countries across Europe. Consequently, Baho foods complement OSI’s products without a doubt. The best part is that both companies will retain their entire management’s teams. It makes it easier for them to brainstorm, doesn’t it?

Keep Reading: OSI Buys Former Tyson Foods Plant on South Side for $7.4M

Where They Are Now

More than 60 years later, OSI Group has opened over 60 centers in 16 countries. And that’s not all; they still promise more facilities to come. The main headquarters is located in Aurora, in the state of Illinois, outside of Chicago, USA.

OSI Group’s main focus is value addition to protein foods as well as processing other food products. If you run a food retail or service company, OSI is the name you need to associate with. Having partnered with leading brands worldwide, they know what works for each client!

Conclusion

OSI’s presence worldwide is an assurance of better service provision. Wherever the business is located, OSI Group gives an assurance of their delivery. Besides, OSI’s partners come from localities within these communities. Therefore, all customer needs are well understood and catered for from the ground level. Consequently, you get services customized for your particular location.

Finally, being a global food processing company, unnecessary shipping costs are a thing of the past. Therefore you don’t need to break the bank to get their services. They are the cheapest and most flexible in the market. What are you waiting for? Contact them today and watch your business grow!

Related: NAMI Introduces New Paid Educational Sessions at IPPE 2017

Economists Looking Towards 2017 Elections in France

After the stunning win of Republican Donald Trump in the American presidential election, economists are now concerned about the upcoming elections in Europe. They believe the increased energy behind populist movements could potentially destabilize the European Union.

 

Simon Wells, the head European economist for HSBC, wrote a letter to his clients following Trump’s election. He wrote, “Trump’s anti-NAFTA rhetoric is the threat to reverse the process of European integration that…has been the cornerstone of peace and prosperity in Europe since the 1950s.”

 

Now that the U.S. election is over, all economists are looking towards France. Berenberg’s economists Holger Schmieding and Kallum Pickering believe that next year’s presidential election in France could drastically change the EU if the French vote in National Front candidate Marine Le Pen.

 

Schmieding and Pickering believe that if far-right candidate Le Pen ends up winning the presidency in May of 2017, France could potentially leave the EU and get off of the euro. This could totally destroy the EU project and cause chaos in the currency markets.

 

Although Italy has a Brexit-style referendum sooner than the French elections, most economists don’t believe this event will be as monumental as France’s vote. Schmieding and Pickering say that the potential risk from this Italian referendum could be “containable,” and they note that Italy’s economy is not as central to the functioning of the EU as the economy of France.

 

Le Pen is still considered a dark horse in the presidential elections, and many believe that a more center-right candidate like former President Nicholas Sarkozy will become the right wing candidate. Both Sarkozy and former Prime Minister Alain Juppé are polling better than Le Pen right now, but economists are reminding their clients that Trump was low in the polls when the Republican primaries started as well.

 

 

Eric Pulier: The Perfect Entrepreneur

Being an entrepreneur doesn’t just suddenly hit you like an epiphany. The fact is this, you either have what it takes or you don’t. Most entrepreneur have that strong passion about something and an even stronger ambition to make it into a reality. That’s what sets these people from everyone else and many entrepreneurs have become some of the best businessmen in the world. Have you ever heard of Eric Pulier? If not then this article will fill you in on this marvelous person’s life and what he’s done to receive such high praise.

Eric Pulier has an extensive list of accomplishments under his belt that comes from working in many different sectors such as government, media, education, and healthcare. He’s pretty much a “jack of all trades” (in-a-sense), but he thrives off finding solutions that helps society as a whole. Case In Point: One of his first businesses was actually a company that he founded. People Doing Things (PDT) was a blessing in disguise as it directly addressed issues in the healthcare and education fields, by the use of advanced technology. Being in the early 90’s, the technology itself was innovated and new. Pulier also has a heart of gold as he developed a private social media platform for chronically ill children. This allowed the children to share their experiences (via) chat, blog, and posting comments. StarBright World received a lot of credit for building the moral and Pulier received philanthropic recognition for doing so.

Mr. Pulier is also a great businessman who knows his way around the boardroom. He’s actually been the founder or co-founder of more than 15 companies. Pulier also is big on investing whether it’s a start-up company or big capital venture. You won’t find too many people whom are willing to put their own money on the line to help make someone else’s dream come true. With an extensive education background from Harvard and MIT, Pulier is the very definition of a true entrepreneur.

For more information please visit https://www.crunchbase.com/person/eric-pulier