Being the president of the world’s largest economy, Donald Trump is considered to be the most influential person when it comes to financial markets. Whatever policy changes were taken by Trump Administration during the last two months has had substantial effects on the equity and Forex currency markets. Trump promised during his campaign to increase infrastructure spending, introduce tax reforms and to slash regulations that were killing jobs. He wants to boost production in the US through tax subsidies for local businesses and increase consumerism. Forex market analysts have argued that Trump’s pro-growth policies will be a key driver for volatility in global FX markets going forward.
Trump’s disruptive immigration policies like the temporary travel ban imposed on Seven Muslim majority nations and his controversial comments on social media have put global equity and FX markets in a tailspin. For example, his comments about the withdrawal of US from the Trans-Pacific Partnership caused a huge impact on many of the Asian currencies like CNY and JPY. Since US Dollar is considered the global reserve currency, any changes in Fed policy like interest rate hike or tax reforms will have a notable impact on major currencies like EUR, GBP, CNY, CAD and JPY. The most affected currencies due to Trump’s policy changes are of the emerging markets such as Mexican peso, Turkish lira and South African rand. Trump’s controversial tweets targeting various Corporates or entire nations have impacted major currencies in a big way. Trump’s Twitter account has more than 18.8 million followers and is a major driving factor for investor sentiments across the globe. The below table illustrates the Trump effect on major currencies between US elections held on Nov 8th, 2016 and Jan 5th, 2017.
|Currency||% Change (vs. USD)|
The US Dollar index enjoyed substantial rally since Trump’s surprise victory in November elections and reached its 14-year high of 103.820 on Jan 3. The notable surge in US dollar was mainly due to the protectionist growth policies of the new President. But the greenback dipped by 3 per cent from its January 3 high after Trump raised a red flag over a strong dollar to the Wall Street Journal. He felt that Dollar was “too strong” for US companies to compete in global trade with their Chinese counterparts. He also blamed countries like China, Japan and Germany for manipulating currencies to get a trade benefit over the US. The remarks made by Trump over China and other nations in media resulted in the weakening of US dollar which Trump feels will favour US exports and boost manufacturing. It also led to the strengthening of Japanese Yen which is considered as a safe haven by currency traders. The US dollar dropped 0.6% against Japanese Yen to 111.95 Yen due to the uncertainty prevailing around trade policies by Trump. As a Forex trader, you should make use of real time trading charts and technical indicators to predict the future trends of currency movements, which will help you to make well-informed trading decisions.
Forex investors are eagerly awaiting Trump’s address to the US Congress on Feb 28th regarding changes in the monetary policy and possible corporate tax cuts. Trump Administration’s reflationary policies so far have had a positive impact on the US dollar and equities. The financial markets are interested to know about the tax reforms that will be proposed by Trump during his address to the Congress on Tuesday. The disruptive border adjustment tax that is under consideration by the Republican government under Trump aims at increasing taxes for imports and subsidises exports to boost manufacturing in the US. Russia has been on the positive side of Trump so far since he feels it’s a protectionist country which does not pose any threat to U.S. jobs. Hence, Russian Ruble has had a positive impact and has grown by 7.7% against U.S dollar.
Besides his proposal to build a wall between the US and Mexico, Trump has frequently opposed the NAFTA (North American Free Trade Agreement) during his campaign and wanted to restrict imports from Mexico and China by increasing the import tariffs. He promised to raise taxes for imports from Mexico and China by 35% and 45% respectively to reduce the imports from these countries. Such remarks have resulted in a considerable impact on both Chinese Yuan and Mexican Peso against the US dollar. Since Mexico is one of the biggest exporters to the US with more than 80.3% of its goods sent across border tax-free, scrapping of NAFTA and the introduction of new tariffs based on the proposed border tax reforms will have a great impact on the Mexican peso. His tweets have already weakened the Mexican peso against U.S dollar. It reached record lows of 21.619 when he criticised General Motors for exporting cars made in Mexico to the United States with the below Tweet. Ford motors also cancelled its production of $1.6 billion plant in Mexico in line with Trump’s policies to make in the USA.
“General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across the border. Make in U.S.A.or pay big border tax!”
The dollar tumbled against Japanese Yen and moved below 113.00 due to the uncertainty prevailing around the tax reforms to be proposed by Trump during his address to Congress and possible interest rate hikes by the Federal Reserve. Steven Mnuchin, U.S. Treasury Secretary under Trump Administration, stated that lot of work is to be done towards tax reforms, which would encourage inflation and push US interest rates higher. He also added that the impact of the new government’s pro-growth policies is unlikely to be seen this year.
Trump has pointed out several times that fiscal debts are getting beyond control and he wants significant changes in the Fed policy. This could mean the reversal of Quantitative Easing and an increase in interest rates which will result in a strong dollar. There are possibilities that Trump might even appoint a new chair to Federal Reserve who will do whatever he says. If there is any announcement of interest rate hikes by US Federal Reserve during the upcoming FOMC meeting in March, we can expect a surge in US dollar once again, and this will have a negative impact on other currencies like Chinese Yuan, Japanese Yen, Euro and Mexican Peso. We can expect a lot of fluctuations in the currency markets based on Trump’s trade agenda and as a Forex trader, you should start considering about investing in Forex binary options to increase your returns.
Putting a Number on It: 2 Ways to Calculate Damages in a Personal Injury Case
When a person is involved in a personal injury case, such as one related to a car crash, there are two primary categories of damages for which the injured person can make a claim. These include economic or special damages and non-economic/ general damages. Special damages are typically easy to calculate because the exact monetary value is known, while general damages include pain and suffering, which may be a little tricky in calculating a dollar amount for loss. Two methods of calculating damages in a personal injury case are the multiplier and per diem or daily rate method.
The multiplier method can be used to value your claim and cover special damages. Special damages can be assigned a specific monetary value and includes compensation for the expenses you incurred that stemmed from the accident that caused the injury. These damages can include medical bills, lost wages, loss of profits and operating revenue, medication cost, hospital stay and any “out of pocket” expenses. The multiplier method is commonly used to add up all the special damages. An accident lawyer can guide you in understanding how the multiplier method works.
With the multiplier method damages are calculated by taking the known damages or special damages figure, like medical bills and lost income (losses), and multiplying that dollar amount by a designated number that corresponds to the severity of the injury sustained. For instance, if your actual damages are $10,000, and 2 is the established multiplier, the total damages would be $20,000 — the actual loss/damages is $10,000 and $10,000 is the recovery amount. The multiplier is a number between 1.5 on the low spectrum and 4 or 5 on the high spectrum. The multiplier can be determined by several factors associated with the case, such as the severity of your injuries, projected recovery time, how your injuries affect your daily life, or whether the defendant was unequivocally at fault for the underlying accident that caused your injuries. Ultimately, the strength of your case will determine the multiplier. The multiplier will be greater the more severe the damages.
Per Diem/Daily Rate
The per diem method is another approach applied in calculating damages. This involves demanding a specific dollar amount for every single day you had to live with the pain and suffering of the injuries caused by the accident. The biggest challenge with this method is justifying the per diem used in the claim. You can use your daily earnings to ensure that your daily rate is reasonable, and in so doing, offer a daily rate justifiably comparable to the amount you earn in daily wages. For example, if you are involved in a rear end collision and suffered a whiplash that caused you to wear a neck brace for 120 days, and your daily earning is $140, you would multiply your $120 daily rate by 140 days of pain and suffering, and you would get $16, 800. When it comes to permanent or long-term injuries, the per diem method gets more complicated.
Personal injury cases can be simple or complicated. However, with the right lawyer, the process can be easier to maneuver. Two common ways to calculate damages include the multiplier method and per diem. It is possible to put a number on damages and gain recovery for the injuries you have suffered.
Knowledge means power
Ever since the early ages, having the right information at the right moment has meant power, and only those who could work their way to get it, were able to enjoy that privilege. Today, the Internet has made a drastic change of things, spreading information throughout the world in a way that everyone who has access to a connected computer, can be easily informed of whatever is going on around the globe in a split-second. This fact has dramatically increased the capacity of every individual to choose and get the most from the information technology aimed for a better living.
Recent research points out that back in the year 59 BC, in the city of Rome, a pasquinade was used to keep the citizens informed about the daily actions of the Republic. But it was only until the invention of Guttemberg’s press, that the daily newspapers known today, finally appeared by the end of the 15th century in the form of single printed pages. As time passed by, printed press grew with huge strength, and in the year of 1690, the first newspaper named Public Occurrences, was printed in America on the day of September 25th, by Richard Pierce and edited by Benjamin Harris. It had only three pages.
During the 19th century the newspaper evolved and spread thanks to Otto Mergenthaler who invented the Linotype machine, the first device capable of printing a complete set of lines of type for use in the printing press. Since then, newspapers widely spread around the world until recent years when they are starting to migrate to an online format.
You can download everyday any newspaper in PDF
After the rise of the digital era, newspapers were forced to find out new ways to reach people, actual technology trends have driven big changes in the way daily tasks are done, a mere example is the availability of Internet to mass population. By the year 2007 the number of Internet users was already more than 1 billion, creating a new global landscape for all companies, including those dedicated to daily news of course. The level of information available nowadays represents a summit for journalism, but on the other hand, no one seems to be interested any more on reading from paper.
Opportunities for journalists to report spectacular news have grown exponentially but written media has experienced an awful decline. Since the Internet was launched back in the 90s, many newspapers have been forced to redefine themselves. That is exactly what the most experienced and powerful news companies have done: re-inventing themselves. They have played a crucial role in society for about hundred years until now, and these changes are not going to affect to them.
Studies show that even when fewer newspapers roll off the presses, that nightly network news are currently seen by less than half the people that used to watch them every night, and that news magazines are no longer what they used to be a generation ago, the news industry has found resources to feed from in digital media. You can now download every day newspaper in PDF and keep on enjoying the same outstanding information from the Starledger that used to be delivered to your family’s doorstep during your younger days, on a more convenient digital format now!
Gain back your access to the real stuff!
The Internet has replaced television and radio when it comes to breaking news immediacy. On the web, you can easily gain access to blogs of all kinds that provide endless analysis and opinions on whatever trends or news are on fire today, newsletters from sources of all kinds, videos of all sorts and countless other ways of getting information but, only by tracking down your own steps back to what you have known all your life as real and professional, is how you will seriously be informed with real free opinions and outstanding armchair analysis about your true interests.
This is why traditional newspapers have migrated to the net and you can now download every day newspaper in pdf, and read comfortably the New York Times just the way you have always liked, peacefully at home, at the time of your preference with the total confidence that what you are reading is trustworthy.
Make your company save money with this cost – cutting Gantt chart
Anyone who’s ever had to plan an entire project knows how chaotic project management can be. Project management tools can streamline the process, and simplify all aspects of it providing a visualization of the whole process, giving you a clear overview of how things are tracking along, and ensures you are well on your way to meeting your deadline. When planning with a Gantt we can prioritize tasks and optimize times and costs. Thanks to the use of an online project planner that automatically calculates the best work route, you will be optimizing your resources and make cutting costs easier for your company.
What is a Gantt online project planner?
At the beginning of the 20th century, the American engineer Henry Gantt designed a planning model that related two basic elements in any project: the different tasks and the estimated time to achieve them. His contribution was so significant that even today, almost a century later, the model is still used in many companies around the world. The Gantt Chart consists of a graphic representation with two axes, one horizontal and one vertical, whose objective is to monitor the execution of projects. The main virtue of the chart is the visualization of the different phases of the process and, at the same time, the possibility of introducing permanent changes that improve the effectiveness of the proposed tasks.
Gantt Charts may be developed either through a physical resource like excel spreadsheets or a software system such an online project planner. Due to the dispersed nature of a lot of project teams, online solutions are usually the most used. A Gantt chart aids project management in scheduling, managing, and monitoring specific tasks and resources of a project. The chart displays the timeline of the project that includes scheduled and completed work over a period. The chart helps project managers in communicating its status or plans and helps to ensure the project remains on track and that everyone involved is notified on the current situation helping to avoid uncertainty.
Besides, the chart allows managers or team leaders to see what tasks can be performed at the same time and those which cannot be started or finished until the rest of the tasks are completed. The detection of potential bottlenecks is aided as is the identification of tasks that may have been excluded from the timeline.
What are the advantages of using it in your company?
Business of all sizes can get on board to online project planners without having to invest in massive (and often prohibitive) up-front software or infrastructure costs. Plus, most project planner applications don’t require too much skill to navigate A lot of them come with custom views and customer support, quality control, helping to mitigate risk, and a space to share information. The main benefits of using a Gantt online project planner are:
Accessibility. Online project planners demolish time, space and geographical barriers, while giving distributed project team members the opportunity to access the project from anywhere.
Speed and integration. Online project planners are easy to set up and use, and they often integrate easily with other products, such as Salesforce, Intaact, GoogleDocs, Zendesk and more.
Money saving. With less chances of slip-ups happening — due to a set process in place with all its monitoring and reporting features — it could save time, resources, and labor, as well as keep you under budget.
Creativity empowering. Especially at the beginning, projects tend to scatter or expose numerous execution options. The Gantt chart allows the centralization of strategies, making the organization of the different ideas a lot more easier.
Realistic deadlines. The bar graphs indicate in which period a task will be carried out, which provides a useful time perspective for the achievement of objectives. Gantt charts establishes the execution of the tasks taking into account the different different external or internal variables that could be more time and resources – consuming.
Commitment increasing. If the chart is clear and accesible to all participants –which is easy with online project planners, the resource may become a good element of consultation in the different stages of the process. This will make communication between the responsible ones more effective and it will also increase the commitment of all participants.
Who is this online Gantt planner for?
Since it is an effective tool for organization and also can provide that productivity boost you were after, this online Gantt planner can simplify and improve projects of any kind, so it is a great option to use both for professional spaces and personal organization. Sinnaps’ Gantt Chart is useful for team leaders, project and business managers and team members themselves. It allows for clarity, organisation and effective planning and tracking of tasks and activities in order to successfully complete a project.
Travel11 months ago
The Down-Low on Keeping Safe on a Winter Vacation
Students' Column12 months ago
How Online Education Could Change the World
Business9 months ago
Don’t Forget These Important Points When Starting a Business
Opinion11 months ago
Should You Support Universal Basic Income? Who else is in favour?
Technology4 months ago
Wars: From Weapons to Cyberattacks
Travel11 months ago
Moving Away from the USA: Top Locations Around the World
India12 months ago
India’s Victory at the International Court of Justice is the World’s Challenge to the Status Quo
Pictures12 months ago
15 Types Of Travel To Add To Your Bucket List