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Economic Crash

In 2008 millions of people lost a lot of money when the economy collapsed. Savings disappeared overnight, unemployment figures soared and major world leaders announced their countries had entered a recession. One of the main causes of the crash was the housing market. People were buying homes based on credit and guess what, it’s happening again. Research has shown that in 2016 buyers were investing in property that they couldn’t afford and leasing it out to people. It’s a recipe for disaster and one that could easily push the world towards another, deeper recession. It’s not the only problem that could have an impact in 2017 of course. As Britain edges towards leaving the EU, the disintegration of the European Union has begun. It’s difficult to say what type of impact this could have on the world economy as a whole. But it might be time to start preparing for the worse. How can you prevent an economic disaster destroying your finances?

Get A Second Income Setup

If your job is based on providing a service or product that is an expense they don’t need, you might want to think about setting up a second income. During the time of a rough economy, people stop spending as much as cut backs begin. It happens slowly at first but eventually businesses see massive slumps in demand. This in itself isn’t a problem, unless you’re selling items people no long want to buy. If that’s the case, you need a backup. There are lots of side hustles that will give you a little extra cash in your accounts when you might need it.

Pick The Right Form Of Investment

You need to make sure that you are investing your money in the right area. In 2008 people lost savings because the interest rate fell. The money they had saved over the years lost a lot of value, and there was no way to get it back. The value of shares in companies fell too leaving some people with nothing.

There are only two real ways you can keep your money safe through investments, no matter what state the economy is in. You can either invest in property or you can invest in gold. If you invest in property, you need to make sure that you are buying the right type of property. If you look at something like 1031 exchange property you should be able to find some great opportunities on the market.

If you’re investing in gold, you just need to think about where you’re going to store it and how you’re going to keep it. Once you’ve answered those questions, you need to consider how much you want to invest in gold. You should check gold prices today and ideally, you should be looking at converting a large chunk of your capital.

Limit Your Exposure

Lastly, you might already have investments setup that could become risky if the economy turns. If there are any signs that the world economy could take a tumble, and right now there are, you should sell these off. Get the capital they are worth and invest it in areas that are less at risk.

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Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.

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What to Do if You Are Involved in a Truck Accident While Traveling

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Any vehicle accident can potentially cause a lot of damage, not only to the vehicle itself but also to the passengers.  One of the most fatal type of accident on the roads is an accident involving a truck.  No matter where you are traveling to, or from, it is important to know the steps to take should you be involved in a truck accident.  We are going to look at those steps in this article.

Step 1: Say Nothing That Admits Fault

After an accident, you may be required to speak to the police and Highway Patrol.  While it is important to be truthful and answer any questions they have, you don’t want to elaborate or provide too much information.  If you have any questions about the other party, you should limit yourself and just ask if they are hurt.  No matter what you do, don’t apologize, don’t speak to the other driver, and don’t say anything like “I didn’t see you”.  All of these things can come across as an admission that you are at fault.  It is unlikely that fault can be determined at the accident scene, and you don’t want to risk jeopardizing your case by saying something you shouldn’t.

Step 2: See a Doctor

It’s wise to see your doctor immediately after an accident, even if you feel fine.  Many people do feel okay after an accident, but they still have injuries that need checking out.  Not only will this help to ensure your personal safety, but you will also have any injuries you sustained on record, should your truck accident lawyer need them when building your case.

Step 3: Notify Your Insurance Company

Your insurance policy should detail the steps you need to take to report a claim.  You might also want to review your policy to see what kind of coverage you have, and how long you can expect to wait to receive a payout.  Your insurance company may need extra information regarding the accident so be prepared for this.

Step 4: Contact an Attorney

Delay and procrastination can lead to a lost claim, so as soon as you have seen a doctor and notified your insurance company you’ll want to contact a truck accident attorney.  Every state has different limitations regarding the statute of limitations for personal injury claims, so it’s wise to do this as soon as possible.  If you were traveling out of state when the accident happened, you may need to speak to an attorney based in the state where the accident took place.

Your attorney will be able to look at the evidence you provided, as well as your medical records, and let you know whether you have the basis for a claim.  The first meeting is usually free, too, so it’s always worth finding out if you could claim compensation.  Whatever you do, don’t bow over to the trucking company’s lawyers, especially if you couldn’t have done anything to prevent the accident.

Have you ever been injured in a truck accident that wasn’t your fault?  Let us know what happened in the comments.

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GESAB, innovation and design with 25 years of experience

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GESAB is a company with the guarantee of the future based on its basic pillars: ergonomics, innovation, design and technology on which GESAB develops all its projects for centers and control rooms.

GESAB, has more than 25 years of experience offering solutions for control centers. An experience identified by always being at the forefront of innovation and design, whose mission will be to offer all its customers solutions with the highest quality and functionality.

GESAB has a large team of architects, engineers and designers, which makes it easy to cover the project in a global way and offer a multitude of solutions. It is worth highlighting its integral projects developed in a unique and exclusive way to satisfy all the needs of the client, surprising them in every detail. In addition, the GESAB team develops lighting, design, interior design and ergonomics studies to look for a better performance in the work starting from the humanization of the means to produce it, that is, to give the control rooms the maximum functionality and character of their own.

The control centers developed by GESAB provide the integration of the most advanced technology. All its designs and consoles are unique and personalized, created for each client, working from comfort to project execution to ensure maximum quality. GESAB guarantees compliance with its basic principles of design and ergonomics within the control centers. Its design is the beginning of the renovation and technological update; its layout of room, visualizes the best workstations; its indicators and controls, facilitate the interaction with the design of the hardware and software of the control panel; its evaluation will review the components so that they are to the maximum performance and its environmental requirements improve the luminous, acoustic environment…

GESABs technical furniture complies with the highest standards in ergonomics and safety at work. Fantastic design and quality are present in all GESAB control consoles, to ensure maximum functionality and performance in this type of crucial environments.

These workspaces available 24 hours a day, 7 days a week place GESAB consoles on an operators main axis. GESABs work is carried out in conjunction with the customer, allowing the development of fully customized and adapted control rooms. From technical furniture, through ergonomic chairs, audiovisual equipment, design, technical flooring, ambient lighting or acoustic panels. GESAB is able to face small and big challenges all over the world, looking for complete and innovative solutions that are not only limited to operator control consoles, but also include ergonomic solutions and the most advanced technology.

In addition, all GESAB components are based on a safety principle in their products. These include the personalized control panels that include the switchboards and synoptic panels, all for the most sophisticated and technical environments, where precision is key, taking a further step towards innovation. GESAB has already had many success stories, and are related to all sectors, whether energy companies, civil protection, security, systems management, finance, telecommunications, traffic control or airport due to the advantages it offers for companies such as increased productivity and energy efficiency.

GESAB has developed the new generation with a revolutionary solution that puts the operator at the heart of the action through the management, administration, control of equipment and information sources bringing visual ergonomics to a new dimension.

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The Sweet Caroline of Dogers Owner

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Guggenheim

Mark Walter  is a billionaire and CEO at Guggenheim Partners LLC.  Is he driving Guggenheim towards the beginning of the end?  Are the owners of the L.A. Dodgers being dodged???

Guggenheim has established its name and a tradition of innovation in the past decade.  It has emerged as a new player in the financial markets focusing on mergers and acquisitions, insurance and wealth management and has over $300 billion in money management.

Guggenheim has become known as the “New Goldman Sachs”.  It has become a renowned recruiter of the best talent in the industry (including Bear Stearns CEO Alan Swartz). Guggenheim continually makes the cover page in most financial papers, including The Financial Times and The Wall Street Journal.  Lately, Guggenheim has been appearing in the press for all of the wrong reasons or for the LA Dodgers making it to the World Series.

But the tide is beginning to turn on Walter and Guggenheim.  The news now regularly includes information on CEO Walter and his relationship with Alexandra Court (a South African citizen, former corporate lawyer at Clifford Chance and who also did stints with UBS and Credit Suisse)

Ms. Court’s hiring and promotion has seemingly created power struggles within Guggenheim and in-fighting with its brilliant Chief Investment Officer Scott Minerd.

The current situation seems to be nothing new for Walter.  He has previously clashed with founding partners including Morley, Curcio and Boehly – all of these individuals left Guggenheim with extremely generous (nine-digit) severance packages.  More telling is that only six managing partners remain.  New information is coming to light every day.  It is no wonder that Ms. Court is trying to negotiate her departure and is reportedly asking for $100 million severance and a mansion.

Walter has his allies – ABS Capital Company (an offshore company and owner of Walter’s Malibu estate); a number of Latin American sophisticated agents; and another blond female “Caroline” working now at Guggenheim.  Do these allies recognize that their reputations and jobs are on the line with the investigation and questioning of the origins of the dollars through the sophisticated insurance structures.

The latest theory is that Walter will walk out.  Looks like it could be a larger blow than we actually think.  Do not blink or you will miss something.

Samuel Magic

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