Living in the net

Impact of Global Financial Crisis on South Asia
The global financial crisis hit South Asia at a time when it had barely recovered from severe terms of trade shock resulting from the global food and fuel price crisis. The food and fuel price shocks had badly affected South Asia, with cumulative income loss ranging from 34
percent of 2002 GDP for Maldives to 8 percent for Bangladesh. Current account and fiscal balances worsened sharply and inflation surged to unprecedented levels.
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Introduction:
World Economy crisis – effects on shippingworld: a serie of linked financial and economydownturns that are badly affecting theshipping market:-Lack of financing for new projects andnewbuilding. Results: contracts cancellations,g,delayed deliveries, higher costs – Low chartering rates – low market values:longer return on investment for new and oldships.- Lowered assets values: vessel being deliveredhtk t l th t’h lhave a current market value that’s much lessthan building contract value.Ettt d f- Excess tonnage: recent years trend of a veryspeculative ships resale and newbuildingmarket Peak of conventional ships deliveriesmarket. Peak of conventional ships deliverieswas expected in 2012. Excess of tonnage offer.
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We have a big financial crisis in America.
It’s not the weak housing market, rising unemployment, inflation, the collapse of Bear Stearns or Lehman Brothers, fallout from the subprime mortgage fiasco, declining home prices, stock market volatility or geopolitical unrest in the Middle East. Sure they have made front page news; however they’re not the real issue. They are symptoms of the “spending crisis” in America. They are symptoms of the real issue – that we are a country of financially illiterate people.
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Credit card debt consolidation comes as a great relief to all those who are plagued by multiple credit card debts. If new to credit card debt consolidation, all it does is to club up all your debts from multiple credit cards into single more manageable and easy to repay debt, which helps the credit card holder tremendously. Credit card debt consolidation has many benefits but the four listed below are typically more popular. If you are waiting to get rid of your multiple credit card debt, credit card debt consolidation might be the panacea for you. Here are the four great reasons.
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Refinancing refers to the replacement of an existing debt obligation with a debt obligation bearing different terms. The most common consumer refinancing is for a home mortgage.
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Case one: I have liability insurance. If I lend my car out to a friend, will my insurance pay in case of an accident?

Case two: If I lend my car to a friend and they have an accident that they caused and they have car insurance, will their insurance cover damages or liabilties, or will responsibilty be on my insurance?

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If you think that buying a foreclosure is a good deal, there are a few important facts you should know before you decide to purchase one. Learn why houses are foreclosed, and what you can expect if you decide to pursue a foreclosure.
Buying Foreclosures – Tips for Foreclosure Profits
Buying foreclosures has its drawbacks, but also offer big profits for buyers and investors. Not every foreclosure will be a great deal. How to protect yourself when buying foreclosures. As a seller, how to avoid foreclosure, and alternatives for dealing with lenders.
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Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor’s equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lien holders can also foreclose the owner’s right of redemption for other debts, such as for overdue taxes, unpaid contractors’ bills or overdue HOA dues or assessments.
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Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual’s or individuals’ death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured’s demise.
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What is a hardship letter and how to write it?
During the loan modification process, you will have to convey to your lender your current “hardship” situation, what caused it and what you have done to solve the problem. By writing a compelling Hardship Letter you are communicating to the lender that you have suffered an “acceptable hardship” and will satisfy the bank that, given the opportunity, your loan will be paid promptly in the future.
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