A Point of View 2

  • Another facet of capitalism which is sometimes overlooked is the phenomenon of corruption. A little while ago, I heard it said that about one quarter of Africa’s GDP is siphoned off to corrupt elites. This is just beyond belief. Even so-called aid money – ostensibly intended to bring relief to that continent’s wretched millions – is considered fair game. A 2007 report estimated that corruption costs Africa something in the region of $150 billion and reckoned that most of this cost is carried by the poor. The net effect of this is that prices are 20% higher than otherwise would be the case, investment is discouraged, and development held back. Obviously, corruption is far from being an exclusively African phenomenon. It may not be as pervasive and overt in the so-called developed world, but it most surely exists there, like some fungal infection in the dark murky world of finance. Needless to say, greasing palms would not and could not happen in a society based on the principle of ‘from each according to his ability, to each according to his need’. Nor would people have cause to feel jaundiced and cynical about others in society; something which is capable of eroding social cohesiveness and thereby creating alienation.
  • One of the most compelling arguments in favour of communism is that war and the preparation for war are almost integral to capitalism. Whatever protagonists may claim, wars invariably involve a dispute over economic interests. In some instances, this may be fairly obvious: One side may declare war on another over some piece of territory, a trade route, or access to a particular resource or market. All colonial wars are clearly economic, with a nascent, indigenous bourgeoisie seeking to assert its interests against a colonial power. In other instances, the economic basis may be harder to discern beneath the blather about ‘freedom’, ‘sovereignty’, ‘terror’, or ‘jihad’, But it most surely underlies such conflict, whether it amounts to a desire to secure strategic interests in a particular region, or relative poverty becoming the recruiting sergeant for religious or nationalist groupings seeking to wage a war. What also has to recognised nowadays is that many, if not most wars, do not conform to the classical model of two or more states becoming embroiled in a decisive and time-limited conflict. Many amount to – what with unintentional irony are termed – civil wars. But here too, economic interests or factors – are inseparably bound up with these wars, as has been  demonstrated by the rival factions in Sierra Leone’s cruel little civil war seeking to control the production of ‘blood diamonds’ or the Taliban’s amusingly impious attempts to manage opium production in Afghanistan. Setting aside the horrendous misery and psychological damage visited upon those who survive capitalism’s wars, the material cost of these wars (which have continued unabated ever since that ‘War to end all wars’) is incalculable: Beyond the obvious costs of waging wars and the ensuing destruction of homes, offices, factories, schools, hospitals, roads,

Why You Should Have A Pre Employment Screening Program

The frequency of employee theft and violence is increasing every year. However many companies still do not subscribe to a good quality pre-employment screening practice. The cost per employee for basic background and credit checks are minimal when compared to the statistics listed below. The impact on business and the country in general is incalculable.

People are just not as honest as they used to be. Lots of job applicants each day choose not to divulge their criminal past and just as many companies choose not to investigate. Each and every applicant should be subject to a national criminal search at a bare minimum.

Employers should also be concerned with a potential workers credit standing. A person with shaky credit may not be the best choice for certain finance related positions. The fact is you cannot rely on a person’s word in today’s world. The stakes are just too high. For instance to replace a salaried employee it will costs about $8,000, to replace a mid level employee you’ll lose nearly $12,000 and if you need to replace a senior executive you could be out $44,000. This makes workplace violence is the leading concern of security managers and human resource personnel today.

“Workplace violence is the leading concern of security managers in America’s largest corporations” – Security Magazine

Here are some alarming statistics:

30% of all businesses close as a result of employee theft

$40 billion/year is lost to businesses because of workplace theft

$450,000/year is the average cost to mid size and big business for embezzlement

$36 billion/year is the cost to businesses from workplace violence

60% of workers experienced violent incidents in their workplace- Workplace Violence Survey / Society for Human Resource Management

750%-The increases in workplace violence since 1998

25%/year-Workers reported that they have been threatened / attacked in their work place

Homicide is the leading cause of job-related death for women. Homicide is the second leading cause of job-related death for all workers

Do you know who you’re working with? Does your company run each applicant through an employment screening process? Well I hope so for your sake.

There are way too many risks in business you cannot just screen away, so don’t turn a blind eye to an easy to cure situation.…

Does Agile Work?

I want to get started on this short article by mentioning that, at one particular time, I used to be not a proponent of Agile in the slightest degree. I labored over an amount of assignments, which ended up stalled or failing, called agile projects. In a nutshell, they have been definitely a warped standpoint of “Agile”, or what everyone thought was “agile courses sydney”. In reality, these initiatives have been the identical old Waterfall/ SDLC projects, making use of the conferences and terminology of Agile.

Does agile work? Much like any software, when applied appropriately it works. However, all through my profession, I have witnessed it staying implemented incorrectly, whereby a single environment soon after yet another experienced contorted the methodology to fit quite outdated, inefficient processes, instead of re-evaluating the procedure to suit the methodology, which might have rendered an the best possible final result.

Will agile work in our environment? Agile has become thriving in many environments, substantial and compact, like some environments together with the most stringent requirements; for instance, Healthcare, Banking & Finance, Insurance, Technology and Retail with Payment Processing, to name but a few. Agile isn’t always a quick flipping of the switch, nonetheless. This is why I have coined what I refer to as my 35/35/30 rule. When implementing Agile, 35% of the group will jump on board with no question, a different 35% will convert over soon after some period of time, and then there is 30% that will not move and will have to be, let’s say, urged to move over. The biggest issue together with the 30% is that they can drag down the other 70% if executives do not mitigate this challenge promptly.

With all of that becoming said, why is there such a big push towards Agile? I would’ve to say that the biggest advantage of Agile is Quick Course Correction. Agile allows businesses to make changes quickly, reach the market faster and experience a faster R.O.I. 1 of the aspects I like most about Agile is the transparency and inspection. Of course, depending on whom you are speaking with, this may or may not be viewed as strength of Agile.

Why are there teams that do not like Agile? Over the years, I have found that those who are incredibly much opposed to Agile don’t actually have a problem with agile courses sydney itself; rather, they don’t like the visibility and accountability that comes with Agile. Personally, I have become an extremely big fan of the Scaled Agile Framework (Safe) by Dean Leffingwell, because of its ability to scale into enterprise environments, while rendering almost immediate results. Much of these results are attained by clear course of action and accountability that once may have been missing.

What about those environments that are having difficulty with agile courses sydney and its implementation? In my findings, I’ve noticed a consistency among those having difficulty with implementing the methodology. Agile is a methodology that does require full commitment, or there …

Investing properties accounting information

The overall objective of the financial accounting reporting according to the conceptual framework of the International Accounting Standards Table (IASB), is to provide users with the most decision-useful information. Measurement of investment property at fair value according to the IASB more relevant information than the alternative transaction-based historical cost, by presenting a value that represents the market value of the property, ie that it can be sold in a transaction at arm’s length, between knowledgeable, willing parties. The financial statements reflect the company as a direct return in terms of rental income and indirect returns in the form of changes in value of the properties. The goal is to provide users of financial statements relevant information. Unreliable information will not be relevant to a user of the financial statements. Type and extent of the additional information provided must be determined by how reliable fair value can be determined. Investment properties are valued primarily using valuation techniques based on expected future cash flows, the least reliable level measurement hierarchy to the IASB. The greater the extent that it is of judgment and uncertainty, the greater the need for qualitative and quantitative supplementary information in the financial statements.

The main provision of additional information relating to the valuation of investment properties IAS 40 § 75 letter d), which reads: “An entity shall disclose (… ) about the methods and significant assumptions applied in determining the fair value of investment property (… )” formulation is general and the specific requirements for information to be provided and the level of detail associated with these may be unclear. Interaction with IAS 1 is central and this standard requires disclosures about key sources of estimation uncertainty, see § § 116 to 120 Based on the wording, it is not possible to establish a comprehensive and accessible overview of all the information that must be provided when the extent and type of qualitative and quantitative information is situational. Which level of information that adequately protects the user’s account information needs to be evaluated against quality standards of the IASB framework. To assess the requirements of the standard, it would be natural to look to the present best practices recommendations. For example, the International Valuation Standards Committee (IVSC) and the European Public Real Estate Association (EPRA) has developed best practices-recommendations related to valuation, disclosure quality and presentation. The question will often be what the company should be disclosed and not what they should disclose. The purpose of best practices releases is to ensure comparability between real estate companies, as well as being a professional benchmark for valuers to meet user information needs. The objective is achieved by providing guidance on how information should be provided in accordance with IFRS and what additional information beyond that IFRS should be given (EPRA 2009), and to publish standards for valuation should be carried out in practice (IVSC 2005). But the publishers of best-practices recommendations are not standard setters, and thus has no authority to interpret or oblige companies an enhanced disclosure …

Objectives for Business Incubators

What makes an incubator different is a program. Suppose a community builds a facility specifically to be used for a business incubator. The building itself will not make an incubator. It would be no different from any other rental space. It takes a plan and someone to make the plan work. Here are seven essential objectives that should be included in an incubator plan to make it successful.

Use a coordinator

It takes a person with relevant academic credentials, background in business, and the ability to understand what the tenants will experience. A coordinator with familiarity with as many facets of business as possible will increases the likelihood of success. They should be familiar with manufacturing, product development, finance, sales, marketing, and management. Someone who invents or produces something of commercial value of their own would be a good example.

Notify the press

Before the doors open, the media should be notified. Incubators are inherently places of change, and that is what journalists are looking for. Businesses in the building change. They start. They create. They grow. They provide personal fulfillment. Some make interesting gadgets. Some do fascinating things. Some make it and move on, others close. This is what stories are made of. The local papers will be most likely to publish a story. But, notify them all. It is a symbiotic relationship. Keeping people informed is key.

Inform the public

A story or two will get the word out. The subject of starting a business will be of strong interest to a fraction of the population. These people’s jobs may have gone overseas. Some have skills or a trade. People who have thought about inventing or producing something of their own will be interested in stories about personal business ventures, whether they are of success or failure. These are the kind of people who call to inquire about the availability of space. And they do it for the best reason; their own volition.

Create a milieu

Depending on the size and distance of the surrounding population, there may be enough applicants for the coordinator to pick and choose between entrepreneurs involved with various business activities. Attempt to create a milieu. Make a variety of entrepreneurs with crosscutting disciplines available within the building, so that there is an aggregate core of know-how from invention to collection. Encourage entrepreneurs to converse with each other while passing in the halls. Communication facilitates cross-pollination and the sharing of ideas. This could reduce the mystery of production and marketing. A manufacturer might be inspired to get more involved with marketing their own product, and a marketing person could become less inhibited about producing something tangible to add to their product line.

Be Selective

Each company allowed into the incubator should be in the process of developing a product, starting a business, or taking it to the next level. One quarter to one half of the companies should be using three phase manufacturing equipment, such as computer driven lathes and milling machines. That is …

A Brief Note on Vat Laws of United Kingdom


Author : Bhaskar Thakkar, thakkar@btassociate.com

Liability to value added tax (VAT) VAT is charged on the value of supplies of taxable goods and services made in the UK, including some exports to EU countries. It is also chargeable on imports of goods from outside the EU.
The main rates are zero and 17.5%, but a few supplies are charged at 5%.

The supply of any goods and services, which are subject to VAT at any rate are called taxable supplies whether you are VAT registered or not. All traders must register for VAT if they make taxable supplies which exceed the set limits. Where the value of taxable supplies in the previous 12 months was more than £61,000, or is likely to exceed this annual limit within the next 30 days, the trader has to register within 30 days. Failure to notify on time attracts penalties.

The VAT system
A registered trader must charge customers output VAT on any sales. The value of input VAT can be offset against output VAT and the excess output VAT is paid over to Customs and Excise. Where there is an excess of input VAT, tax may be reclaimed.

Some input VAT cannot be reclaimed:
• Purchases of motor cars, except cars bought wholly for business purposes.
• Business entertainment expenses.
Most businesses have to account for VAT at the date that the invoice for the supply is raised. However, traders can claim VAT bad debt relief on debts more than six months old that have been written off.

Traders with a turnover of not more than £660,000 may account for VAT on a cash basis rather than an invoice basis, thereby obtaining automatic relief for any bad debts. This limit is due to be increased to £1,350,000 probably from 1 April 2007, subject to EC approval.

About Author
Author Mr.Bhaskar Thakkar is a practicing Chartered Accountant from India president of Ms. BT Associates and partner in M/s. Global Associates. The said firms are located in the eastern province of India having 150 employees. The firm is specialized in providing Accounting, Tax and Legal Services. They have diversified business in CAD conversion and drafting services.

For more information visit www.jobs2india.com www.convert2cad.com www.btassociate.com

Exempt supplies

Certain supplies are exempt from VAT. Output VAT is not charged on such supplies and, in principle, input VAT attributable to such supplies cannot be reclaimed (or the claim is restricted).
Relatively small businesses may be able to reclaim all their input VAT – even for their exempt supplies. The input VAT attributable to their exempt supplies must not exceed £7,500 a year and must be no more than half the VAT on all their purchases.
• Exempt supplies include: insurance, finance, health, education, and burial and cremation services.
• In general, leases and sales of non-domestic land and buildings, other than newly built ones, are exempt, unless the option to tax has been exercised.
• A taxable person may …

Michelle Obama Horoscope

Michelle Obama Introduction

Michelle LaVaughn Robinson Obama was born on January 17,1964 in Chicago, Illinois to Fraser Robinson III, USA. She is the wife of the 44th and incumbent President of the United States, Barack Obama, and is the first African-American First Lady of the United States. Raised on the South Side of Chicago, Obama attended Princeton University and Harvard Law School before returning to Chicago and to work at the law firm Sidley Austin, where she met her future husband. Subsequently, she worked as part of the staff of Chicago mayor Richard M. Daley, and for the University of Chicago Medical Center.

Michelle Obama Nature

By and large, Michelle Obama is a very truth loving person. Also Michelle Obama is of very helping nature. Whosoever needs her help Michelle Obama is always ready to render your service. Michelle Obama is free from ambiguity. Whatever Michelle Obama speaks it is the truth and nothing but the truth. Michelle Obama does not mince words and is Straight-Forward . 12th lord is in 12th house of horoscope chart. Michelle Obama is prone to have sound sleep. Rather sleeping any time is her weakness. Saturn has relation with mars.Michelle Obama has a short temperament. Sometimes under provocation, Michelle Obama is so short tempered by nature that Michelle Obama can be harshed tongue and can misbehave.

Duane Hanson’s 2011 Horoscope

In her 2011 horoscope the planet Jupiter in transit is placed in her ‘Lagna’ or ascendant this year which is not a very good sign and can prove to be inauspicious for Michelle Obama in many respects. The transit Jupiter in First house will have an effect on her physique, achievements, domestic affairs, mental health, career and finance. This year Michelle Obama will have an adverse impact on health in the form of physical ailment or physical fatigue. Michelle Obama will find that sense of satisfaction would be missing in this period, things would not happen the way Michelle Obama planned.

Astrology Report of Michelle Obama

Michelle Obama’s Astrology report will move to explain her Career, Nature, Health, Professional, Major happenings in life, Finance and Relationship. Astrology can be used to understand a person’s personality, successes and failures and to forecast how someone will feel or behave over a period of time. It can even be used to plan the best time to do various things. Astrology can be divided into natal astrology and mundane astrology. Astrology has dual purpose. One purpose of it that it acts a method to select the correct month, the correct date and the correct time to begin a prosperous event so that one gets the desired result out of it. The other purpose of it is to utilise it to study the fate of a human being.…

Paradigm Your Future With 2013 Horoscope

Future is unpredictable and this is the reason why people keep on finding ways to have a sneak peak of the upcoming events. Horoscopes have been popular since time immemorial. People like to hear predictions about their specified horoscopes. Some may also work accordingly. The New Year is always accompanied with a list of new horoscope predictions. By the time this year ends, there will be a huge list of 2013 horoscopes from different astrologers. The different 2013 horoscopes will be based on the planetary positions, numerology and the other predicting ways developed with the passage of time.

Aries horoscope 2013:

Pertaining to health, Aries 2013 horoscope has a positive influence. Aries would surely need to put in some efforts in order to expand their networking with their colleagues. The finance would be affected by the factors outside the family, like friends, government agencies and other superiors. Hence it means that the person needs to be clear with his strategies. Regarding career, the Aries 2013 horoscope predicts that there will be emotional damage that one has to endure for sure.

Taurus horoscope 2013:

The New Year Taurus 2013 horoscope predicts that the upcoming year will fulfill all the expectations of the people who belong to this horoscope category. Job will need more attention than it usually does and this will hamper the usual peaceful rhythm that has been maintained as yet. The beginning of the New Year 2013 will be full of excitement and enthusiasm. With a good spirit taurus 2013 horoscope announces that it will surely be a healthy year for the entire Taurus community. But many a times, one may find himself surrounded with fatigue and weakness. The year is also financially good. Though some expenses wait for people in the near future but they require implementation and should not be ignored.

Gemini horoscope 2013:

The upcoming year for the Gemini will not be so promising when talking about health. Uncomfortable moments are what the Gemini 2013 horoscope talks about. An additional effort will be required for a healthy responsibility management. The very first half of the year will not have any economic issues. This year Gemini will have a clearer economic view. Passions in Gemini 2013 horoscope will come into action. The New Year marks the beginning of new relationships, after suffering little ups and downs in the love life, but life will maintain a balance.

Cancer horoscope 2013:

Inspiration will be the key to success of people’s health with cancer zodiac sign. The New Year will begin with the financial protection feeling. Great amount of motivation in Cancer 2013 horoscope indicates financial growth and will also increase closeness among the colleagues. Business may look like a battlefield according to the cancer 2013 horoscope and there are chances of starting a new business plan as well. The new business will surely require more responsible approach and it will take time to adapt to these responsibilities.

These predictions vary from astrologer to astrologer, but these should be taken …

How Much House Insurance Do I Need?

Purchasing a new house is always a challenge and it is a deciding factor which depends upon the insurance. The reality is that there are numerous possible routes, and which will verify most gratifying for you is a very own matter. Nevertheless present are a few fundamental main beliefs you can be valid.

If you are purchase a home through a advance loan the source of your loan, known as the mortgagor, is almost certain to require that you take out homeowners insurance to a sufficient degree to at least make it certain that in the occurrence of hurt or destruction you will be able to pay off the press forward.

A loan that is not backed by an actual property should be a cause for concern for lending institutions. There are a few instances in which the mortgagor will waive the need for homeowners insurance, but regularly only when the primary lot/acreage is valuable enough to equalize the value of the finance. Since in most instances a construction is importance more than the land it is built on, this incident seldom apply

The price for replacing a building should be included in a plan. This is not the similar worth as the real value of the structure. Sometimes repairs can be more costly than the selling price of a building itself due additional money needed for materials and labor.

We need some specific modifications of the contrast but if you are comfortable in restricting your insurance to a simple value and it is possible. The same rule applies if you cover for specific risks, the more traditional form of coverage, as well as in the most common case of broad coverage, that covers most events.

After deciding on the basic coverage, next consider any ancillary coverage you may want. If there are outbuildings, sheds, barns, workshops, detached garages, boathouses and the like, you will require to position for their reporting too. Make sure you provide any information for property if that’s something that you want included.

Additional insurance can be allocated to cover the cost of renting a residence during the time you are deprived of the use of your own property, and to insure the income you might otherwise have complete if you were rent some segment of your property out.

These issues are of vital significance. If your house is of self-effacing worth, but you own a Stradivarius violin, and the house burns down, the loss of the home may be of wholly minor importance compare to the value of the violin.

Having strong-minded the worth of your possessions and the price of substitution, you demand to observe the convention to establish what exclusion the cover companionship is trying to claim, and what remedy you can take if you are scratchy with those exclusions.

Average exclusions address diverse natural problems like the earth or fundamentals shifting, or tribulations caused by overlook. Secondary policies can cover for excluded subjects, as was done in California for earthquake insurance.

Based …

Start a Career in Ghost Hunting!

Over the last five years as a paranormal investigator I have attempted to answer many questions dealing with the paranormal. I certainly do not consider myself an expert by any means.

Since some of these questions have dealt with areas in which I feel I have some competence–cognitive psychology, mental illness, brain disorders, vision–I feel that I have been able to adequately address them. If I don’t feel that I have the background necessary to answer a specific question, I will refer the individual to people who do.

There is one question that has been repeatedly asked which I found surprising. I would say, the majority–but not all–of the people that have asked me this question have been teenagers.

The question is always some variation of…

“I’ve decided that I want to be a ghost hunter, you know for a job. I’ve very certain about this, do you know how I do this?”

Even with my relatively limited knowledge, I was willing to tackle this question.

I can only assume that the recent popularity of such shows as Ghost Hunters, Most Haunted, Paranormal State, and others has lead to the belief–at least in the people asking the question–that being a paranormal investigator is a legitimate career path.

So, I tell them with no uncertainty, that Ghost Hunting is probably NOT a viable career choice.

I believe that the popularity of this field touches on the basis of human existence…consider the question being asked; Is there an afterlife? Of course everyone is interested. But, lets take a step back and consider the draw as a career.

You get to travel, you get to go into cool places, it appears to be a relatively easy activity that is accessible to everyone, and you may get to be on television and become famous! There are some basic human needs being met here, and being thought of as cool because of your job is something we all could live with. Who doesn’t want recognition and to be looked up to by their peers?

So, we find ourselves easily understanding some of the motivations for seeking a career as a ghost hunter: Prestige, recognition, possible fame, working toward finding the answer of one of the most important questions of life and death.


Realize that some of the most respected people in the field have been doing this for years, and most of don’t have their own television show or perhaps make a significant amount of money doing it. People labor for years to gain a level of expertise in a subject matter. Sudden stars like Jason and Grant of TAPs have been conducting paranormal investigations for years, yet, their primary careers are (or were) as plumbers.

The people whom I consider the most respected and well-known paranormal investigators are individuals like Troy Taylor, Jon Zaffis, and Lloyd Auerbach. I am not conversant on the educational and career backgrounds of these individuals, but I do believe that they are able to make somewhat of a …