By Kiara Withers on 13-02-2012
It is a pleasure to be here this morning. I want to thank the Rotman Institute for International Business, and particularly its co-directors, Wendy Dobson and Ig Horstmann, for inviting me. Like many of us, I have benefited tremendously from Wendy’s insight, her ruthless truth telling and her sage advice on international issues. Ig Horstmann was one of my professors in graduate school. And I owe him a debt of gratitude for turning an enthusiastic student of macroeconomics on to the importance and utility of microeconomics—training that has proven invaluable in grappling with issues of financial regulation. My remarks today combine both these elements—international economics and financial regulation.
I want to talk to you about the imperative of completing the reform of the global financial system.
Some are calling for a slowdown of the reform process, arguing that a weak global recovery and elevated uncertainty are good reasons to ease up on implementation.
The global economy is certainly underperforming. The e
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By Riley Evans on 12-02-2012
Saving money seems to be one of the hardest things for some people to do, but it is something that is so important it can affect nearly every area of your life. Popular culture encourages you to spend on things that you cannot afford, either in the hopes of stimulating the economy or to keep up with your friends, but every dollar you spend on an item that you do not really need is a dollar that is not building your wealth and securing your future. It is never too late to begin saving and the faster you start, the better off you will be.
Set Aside Your Savings First
If you remove the money that is meant for your savings account before beginning to spend your paycheck, the chances are pretty slim that you will spend your savings. Many employers allow employees to split paychecks that are direct deposited between their checking account and their savings account so that the money for saving never reaches the account used for spending. The amount to be saved each pay period is decided by the individual and can be a specific amount or a percentage of the amount they have been paid.
Limit Unnecessary Spending
Most of us have things that we spend money on that we really do not need to purchase. By curbing impulse and unnecessary spending, most people could save hundreds of dollars each year. Make amitment to create a list of the items that you need before going out to shop and stick to that list while you are shopping to ensure that you are only buying what you need.
Pay Down High Interest Debt
High interest debt is very expensive and the interest charges and financing fees paid on these accounts do you absolutely no good financially. By paying down these debts, you can reduce the amount that you pay in fees each month and have more money to place into your savings account. Over time, these debts will disappear and your net worth will begin to grow.
By Riley Evans on 09-02-2012
Russia’s central bank cut its main refinancing rate for the first time since June 2010 on Friday citing uncertainties about global economic growth. 
Russian President Dmitry Medvedev warned starkly on Thursday that a ‘global economic depression could last several years’
The bank said its cut of 25 basis points to 8pc was “based on the assessment of inflationary risks and risks to stable economic growth, including those caused by uncertainty over the foreign economic situation”.
It marks the first time that rates have come down in Russia since June 1, 2010, and underscores concerns over how Europe’s sovereign debt problems may affect the domestic financial sector.
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By Kiara Withers on 05-02-2012
Coastal Community and Teachers Credit Union is currently offering a generous 3.82% APY checking account rate –with deposit rates near rock bottom, taking advantage of this high-yield interest rate can help depositors in Corpus Christi, TX maintain healthy savings.
Checking Account Rate Terms and Conditions
To earn returns at this checking account rate, members must sign-up for a Bonu$ Checking account. The rate applies to daily balances of $10,000 and below. A
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By Seth De Rougemont on 03-02-2012
Although many people think that the more embryos implanted during IVF, the greater chance you will have a successful pregnancy, the UK’s University of Glasgow has found the opposite to be true. Europe has strict guidelines regarding the number of embryos that can be implanted during IVF, unlike the US. This is probably because IVF is paid for in many European countries. Individual health insurance, or group for that matter, in America rarely covers fertility treatments like IVF. Since the cost can start at $10,000 per treatment, Americans tend to implant more embryos in the hopes that it will give them a greater chance of having a baby.
The American Society for Reproductive Medicine issues recommendations for embryo transfers, but they are rarely followed and not regulated. Read more…
By Riley Evans on 24-01-2012
The euro surged versus the US dollar in reaction to successful Spanish and French debt auctions. Moreover, negotiations for Greece debt situation also created hopes among investors for the single currency. Spanish auction ended with higher demand and lower yields while France also saw higher demand for its medium term bonds since the its downgraded rating by Standard & Poor.
Research director, Kathleen Brooks from a well known forex site commented, “Markets love liquidity and this is reflected in a much better tone to risk sentiment as we get close to the end of the week, the successful French and Spanish bond auctions today should be expected since the ECB funding for banks relieves some pressure on Paris and Madrid to support their banks financially.”
The euro gained to 1.2942 against the US dollar on Thursday as compared to 1.2852 on Wednesday’s late trading hours. The e
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