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Are We Overlooking the Sovereign Debt?

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Drop the debt bus

Drop the Debt bus, photo taken by reds on tour

The sovereign debt crisis recently made headlines and the issue is still ongoing with the European Union endeavoring to work our strategies to help in improving the finances of the Spanish banks. This debt crisis has made it rather complicated for some countries in the eurozone to re-finance their government debt without the help and support of third parties.

With a view to meet the budget-deficit target for Spain in the very near future, the Prime Minister of Spain has initiated new consumption taxes and spending cuts. But reaching the above-mentioned target is still a far cry, as Spain is presently reeling under the stress of an immensely limp economy along with redundancy at nearly 25%, which is something to worry about.

In addition to the above, considering the fact that some countries are trying desperately to meet the shortfalls in their budget, it is almost impossible to take on the Spanish ten-year bond yields that spiked above seven percent and the Italian bond yields that pushed above six percent. Such high-interest payments along with the reduced tax revenue are saddling the countries with more load than they can carry, so the additional burden of sovereign debt cannot be rolled over in the market, considering the seriousness of the continuing recession in the eurozone.

To add to the troubles, Italian bond yields persistently remain spiked, mainly due to the market belief that its sovereign debt will deteriorate further and so Italy’s efforts to reduce its budget deficit by endeavoring to execute its own austerity measures may prove to be fruitless. The European Unions is being relentlessly pressurized by Spain and Italy to make money available at cheap interest rates.

The woes that Greece faces are further saddened because of the requirement of yet another bailout due to its sovereign debt. And the stark fact remains that its target of budget deficit remains far beyond its reach as it grapples with acute recession and crumpling tax revenues.

Presently, the sovereign debt of Greece stands at just over 500 billion euros; quite a sizeable amount of money that would financially impair the European Union members individually in the event that they would require to do a complete bail-out of Greece. But still, it is not an impossible task.

The sovereign debt of Spain stands at a little over 1.00 trillion euros. The question remains whether the European Union countries can unite to raise enough money to cover this amount. Now if the pressure on Italy intensifies, it could default and see its sovereign debt stand at over 2.7 trillion euros.

So while Greece stands a chance of being bailed out, it looks a bit impossible for Spain, while a certain “No” for Italy to be bailed out by the European Union.

Thus it is very imperative that the European Union gathers itself to get economic growth growing again. Similarly, due care should be taken to guarantee that Spain’s sovereign debt does not touch high magnitudes, because if this happens; i.e., if Spain defaults, it will be impossible to bail out the country’s sovereign debt. And if this happens, it would be the end of Spain and hence the end of the European Union.

That is why it is very important that the sovereign debt crisis is resolved at the earliest.

By Contrarian Investing

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Russian by roots, global citizen by choice. In love with India and Indian culture, love to report everything from politics to military news. Against the controlled media.

Business

How To Take Your Website To The Next Level

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website seo

As a business owner, you are going to be more than familiar with all of the things that you need to keep on top of that help your business see constant growth. However, while you may have a huge list of things that you have to manage, your website probably falls at the bottom of your priorities.

Today, we are going to be taking a look at why your website is so important, how to keep an eye on things and then we are going to see what you can do to really improve things and make your website stand out.

Why Your Website Is Important

While when you first started your business, your website may have been nothing more than simply advertising your company, you should now realise that your website does far more than that.

Today, your website is your storefront and represents everything you do and stand for as a company. Your website should be designed in such a way that it shows any visitor to your website what you do and what you can offer, more than this, it will be able to convey this message quickly.

When it comes to managing your website, you should be looking at the activity of your visitors and taking notice of as many of your metrics as you can. By doing this, you will then be able to really push your website and create something amazing.

Make It User-Friendly

If there is one mistake a lot of people make when it comes to designing a website, it’s usually that it becomes far too complicated and eventually this will put visitors off. While a complex website may look amazing when somebody goes to a website, they want something that is clean and easy to use. 

There are many things you can incorporate into your website to make it more user-friendly. One of the most important things you should be looking at is your online catalogue. Keeping this life and up to date can be challenging, but there is software out there that can do it. If you would like to see how software like this works, this post on magento out of stock products may give you a little more insight.

You should also be looking at website speed and how easy it is to navigate. The truth is, when it comes to making your website user-friendly, there are so many things you can do, so start small and work your way through, before you know it, you will have an amazing website.

Make It Personal

The final thing we are going to look at is personalised experiences for returning visitors. While personalised online shopping isn’t a new concept, it seems that there are still many companies who are yet to embrace it.

If you are looking for something that can really give your website the edge, this could be it. By bringing in a shopping experience that is personal to the visitor, you are appealing to the need for quicker shopping experiences, and you may find that by using this as a part of your website, you start to see your sales figures soar.

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What Every Construction Business Owner Should Be Doing

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building construction

As a construction business owner, you have a lot of moving parts to manage on any given day. There are clients to keep happy and workers who need your guidance staying productive and getting the job done right.

You should be focusing your efforts on a few essential areas if you want to run a successful construction business. If you’re not following through with these recommendations, then you risk letting critical details fall off your radar. Take time to evaluate your current practices and what you can be doing differently and in the future to help grow your business and find success.

Researching Equipment Options

Every construction business owner should be researching equipment prices and options. You’re going to need these items for your projects and can’t be worrying about trying to secure them at the last minute. There might also be logistics requirements you’ll want to figure out ahead of time, depending on the scope of the project. Therefore, look into what products and services the Freo Group has to offer so you can place your order and prepare yourself for your future assignments.

Documenting Project Details

It’s a wise idea to put all you discuss with clients in writing. There will be fewer questions and less confusion when you record the project details for all to see and review. Contracts are an excellent way to ensure that you don’t miss any vital aspects you agreed to and that your clients feel comfortable proceeding with the work. Have a timeline you can follow to help you stay on track with deadlines and inform your customer of any setbacks or delays in your work along the way.

Marketing Your Business Aggressively

Furthermore, every construction business owner should be marketing their business aggressively. If you’re going to be around for years to come, then you need clients who are willing to hire you. You’ll be able to stand apart from your competitors when you use creative marketing tactics and make a name for yourself in your community. Get out and meet people and answer questions that potential customers have for you.

Maintaining A Portfolio

You can also attract clients and drum up more interest in your construction business by having a portfolio of your work. Launch a website that includes these examples and carry an iPad around with you to your appointments so you can show potential clients your past jobs. You want people to see the type of results they should expect when hiring you for a project. It’ll also help them brainstorm ideas of what they might want their final output to look like in the end.

Focusing on Safety

The safety of your workers should be a top priority for you when you work in the construction business. Every owner should be training new employees and ensuring each person wears the right safety hat and equipment when working on the job. Be available and on-site so that your employees can ask you questions when they have them, and you can offer suggestions for improving safety measures, depending on the type of project.

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Dal-Tile and Mohawke Industries involved in legal conflicts in Mexico

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legal dispute

Mohawk Industries Inc., together with Dal-Tile International Inc. (Dal-Tile), have had legal conflicts with the Mexican company Internacional de Cerámica SAB de CV (Interceramic) for several years due to Dal-Tile’s attempt to liquidate the company. Recubrimientos Interceramic SA from C.V. (Coatings), as well as to close the plant that operates in Mexico of said company.

Dal- Tile, and Interceramic are partners in the company Recubrimientos, so the Mexican company did not agree with the liquidation or the closure of the plant. Against this background, the Mohawke Industries subsidiary initiated an international arbitration in the city of Houston, Texas, without respecting the statutes of the association it maintained with Interceramic or the Mexican legislation applicable to this case.

Through legal remedies and lawsuits promoted in Mexican courts, Interceramic managed to suspend the arbitration requested by the U.S. firm.

However, the Mexican company alleges that through illegal resolutions issued by judicial and federal officials, which were allegedly corrupted by Dal-Tile, the process resumed.

Derived from the above, on November 20, 2019, Interceramic filed a criminal complaint with the Attorney General’s Office, against the 10th Judge of the Matilde District of Carmen González Barbosa and of the Judges Ignacio Cuenca Zamora and José de Jesús González Ruiz, officials based in the city of Chihuahua, located in northern Mexico, for possible corruption, influence, and bribery offenses.

The accused officials issued illicit resolutions. They arbitrarily and illegally granted inadmissible and illegal protection in favor of Dal-Tile. They are violating the elementary principles of the amparo, jurisprudence and the Constitution itself. It is only explainable that occurred under the commission of the crimes of corruption and trafficking influences. This will be the subject of a criminal investigation by the Treasury so that the necessary evidence is collected to bring the case before a Criminal Judge Federal.

Similarly, the Attorney General’s Office was requested to investigate the existence of a family network within the Federal Courts and Tribunals based in the city of Chihuahua. In which through the imputed magistrates Ignacio Cuenca Zamora and José by Jesús González Ruiz, the District Judges, and other Magistrates can be lobbied, managed or pressured so that through some payment favorable rulings are obtained. 

Proof of this is that the defendants have placed direct family members in positions of other Magistrates through the traffic of influences and/or pressures exerted by their high positions. They have children within courts of the same circuit whose names are Alezith and Arístedes, both with the last name González Ruiz, as well as Ignacio Cuenca Roldán.

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