George Soros Explains Ukraine’s Great Economic Crisis Escape

George Soros, the 86-year-old founder of the Soros Fund Management, is known to the entire world not only as an influential business magnate whose net worth goes over 24 billion US dollars but also as a concerned citizen who does not mind sharing his opinions regarding the policies that affect various countries. Below is a detailed recounting of the commentary George Soros Ukraine once gave to a digital news platform about a fresh guiding principle that could save Ukraine from doom.

Major Problem Faced by Ukraine

Due to the poor administrative skills of the Ukrainian government in the past years, the country suffers from large debts that place them in an economic crisis. The authorities have already appointed the International Monetary Fund (IMF) to assist Ukraine in regaining their footing in the world market, and the financial assistance that they have provided to this nation is more handsome in comparison to the amount that they offer to the other European countries. However, it does not change the fact that the country is not an associate of the European Union, and so they cannot avail the other aids that are accessible only to the EU members. Reference: http://www.nybooks.com/articles/2015/10/08/ukraine-europe-what-should-be-done/

Solution Proposed by George Soros

Apart from Ukraine, George Soros also mentioned that Russia faces a similar dilemma, and they can remedy the issue if the European Union chooses to transform the policies that they have at present to make things more favorable for both nations. According to the seasoned investor, there is a definite need to re-orient the limitations and delimitations that occur in the Ukraine and Russia so as to allow their economy to get better.

By looking at the financial history of the latter, one can deduce that it has been the recipient of the sanctions which, in a word, prevents the local banks from Russia in accessing the international funding and pulls the country down even further. Because of it, the amount of supply that the government can offer to their consumers is much lesser than the typical demand. This scenario can indeed derail the chances of the nation to grow and become financially stable. The worst thing that can happen is that it happens to Ukraine as well.

The New Ukraine

In the article, George Soros further explained that Ukrainian leaders come from the new Ukraine, a society filled with people who possess liberal minds and most often have received their degrees from international universities. This brand-new government that the inhabitants are forming does not care about the rulings that take place in other countries, nor do they wish for these policies to become implemented in theirs. Nevertheless, Soros proposes that rebalancing the sanctions given to either countries can help all parties involved immensely.

About George Soros

Although George Soros is known for the investments he makes, risky or not; he truly gained prominence when he won the competition concerning currency and became the “Man Who Broke the Bank of England.” Such a trade permitted him in 1992 to take home one billion US dollars as a result of the Black Wednesday UK currency crisis.

Read the articles about George Soros and Ukraine on NY Books

What You Need To Know Before Refinancing Your Car Loan

Have you ever considered refinancing your car loan? It is not an uncommon process. It’s an incredibly easy process, and if done right, it can save you a significant amount of your car loan. Ignition Financial offers friendly interest rates on auto loan refinancing deals in Houston, Texas. Give them a call if you happen to be in that area code. There are some considerations to before you decide to finance your car loan. It’s a simple process, but if you are reckless and short-sighted, it is extremely easy to mess it up.

 

 

How it Works

 

 

Refinancing involves the transfer of the vehicle’s official ownership or title from one lender to another. Refinancing can lower monthly payments and extend the period of your loan thus reducing the total cost of your car.

 

 

There are several situations when it would be financially prudent to refinance your auto loan and their potential advantages- take a look:

 

 

To Reduce Your Loan Term

 

 

If you are a car owner and your financial situation has tremendously improved, you may consider refinancing your auto loan and shorten the payment period to pay the loan faster. It could be a promotion at work accompanied by a hefty pay rise, or your business is performing extremely well. It may seem expensive, but you could save a lot of money on interests in the long run.

 

 

Increased Credit Score

 

 

If your credit rating increases by several points, it might be a good idea to refinance your car loan. You are more likely to get better interest rates than you did at the time of purchase and you may also get a lower monthly period.

 

 

Take Advantage of Lower Interest Rates

 

 

If you happen to notice a drop in interest rates as compared to when you bought the care, it might be a good time to refinance your car. In doing so, you will reduce the amount of interest you have to pay on your loan while lowering your payment on the car at the same time.

 

 

If the only question that comes to mind whenever you slip into your car is ‘how do I slash my payments?’ It’s a good idea to refinance your auto loan but only if the time is right. The process gives you better control of your loans by restructuring them, but a lot of thought and planning has to put in the process. Refinancing does extend the period of your loan, though, which is not necessarily a good thing. An extended loan period translates to paying more in terms of interest.

Bruce Levenson’s Legal Wrangle Heads For A Court Battle

Bruce Levenson, the former leader of the Atlanta Hawks Basketball & Entertainment LLC consortium has recently filed papers in a Fulton County court that will begin a court battle with the insurance giant AIG. The case centers on the mutual termination of the contract of former General Manager Danny Ferry, who mutually terminate his contract in the days before Levenson’s consortium sold the historic Atlanta Hawks franchise to a group headed by billionaire Tony Ressler, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/.

Over the course of the last year Bruce Levenson has sought many different ways of resolving the problems the group faces with an insurance claim the consortium made about the end of Ferry’s $18 million six year contract. The attorney’s of Bruce Levenson stated the consortium has spent many months attempting to bring an end to the claim they believe triggered a constructive dismissal claim the group could make over the comments and actions of Ferry int he months preceding the sale of the franchise to Ressler’s group. In response to the legal case the current Hawks ownership stated they were not involved in the issue and would not be taking part in the legal case that revolves around an insurance policy the Levenson headed group holds.

According to Time magazine, Bruce Levenson is a well known figure in the NBA after becoming a major part of the league during his time as the leader of the Hawks franchise; Levenson himself spent time as a member of the NBA Board of Governors and led a number of community based initiatives within the NBA community. The Atlanta Hawks also took part in many aspects of community and charity life under the leadership of Bruce Levenson, including a major role highlighting the work of the U.S. Holocaust Museum when it opened with the aid of funding from the Levenson family in Washington D.C.

Source: brucelevenson.com

Lime Crime Transformed Makeup

Lime Crime is a trendsetting internet based beauty brand created by the innovative entrepreneur Doe Deere. Known for its bold and daring makeup, it has easily become a favorite among rebellious individuals that are looking for unique ways to express themselves. Deere calls these individuals her Unicorns with whom she and her brand interacts with on social media networks such as Instagram and Twitter.

#DIAMONDCRUSHERS ✨💎🔨 Your dreams of being a fairy on acid are about to come true…

A photo posted by Lime Crime (@limecrimemakeup) on

It was important for Doe Deere to create a brand that not only represents her eccentric style but that is also made with quality ingredients and is cruelty-free. Certified vegan and cruelty-free by PETA and Leaping Bunny guarantees that no animals were harmed or killed in the creation of Lime Crime’s products.

 

Deere’s brand continues to grow and produce a broad range of striking colors. The latest products by the revolutionary brand includes metallic liquid lipsticks and matte Velvetines in colors ranging from burgundy to purple.

Lime Crime was one of the first cosmetics companies to focus on e-commerce. Many believed that makeup would only sell if customers could sample the products in person. Deere’s brand proved the naysayers wrong. Lime Crime has a strong following due to its success as an online cosmetics brand and can also be found at brick and mortar stores such as Urban Outfitters which carries its lipsticks and eye shadow palettes.

 

With pioneering an online cosmetics company many consumers turn to social media makeup gurus such as Celia Leslie whose YouTube channel has almost 130,000 subscribers. Celia Leslie is a fan of Lime Crime’s Velvetines and has a video modeling over 20 shades that has garnered over 600,000 views.

 

It is no accident that Lime Crime is as successful as it is today. Doe Deere is passionate about creating quality products and her love for color and fun is what attracts fans to this ground-breaking brand.  Find them affordably on Amazon.com, which has a huge selection of Lime Crime’s matte lip products.

Inside the Glamorous World of Billy McFarland

Special black, access cards to access high society exclusive gatherings in ostentatious, luxury apartments with all the attendees in svelte attire sounds more like the setting of the first scene of a Bond film than a business enterprise, and that’s partly what Billy McFarland is banking on.

According to Bloomberg, Billy McFarland is a 24 year old entrepreneur and the creator of Magnises, a social club for millennials that offers a wide array of discounts for things like travel expenses, high class, upscale restaurants and various New York businesses. Mr. McFarland, just to really sweeten the deal, has even struck up an accord with the world famous rappers, Ja Rule and Rick Ross.

The idea came about, as Billy McFarland explains, due to the omnipresence of the debit card and credit card. He explains, in a personal interview with Business Insider, that people will always use what they tend to carry and that people always carry around their debit or credit card, thus he decided that the best business strategy to connect millennials with big businesses, especially up and coming ones, was to directly tie his marketing strategy to something they carry.

Whilst this might sound like a rather gimmicky ploy, the Magnises project has produced quite a great deal of results, both social and financial. With a target demographic of only 21 to 35 yr. olds, McFarland has tapped into a relatively unexploited industry, high class, young social businessmen.

The group was created only a year ago and yet already has well over 6000 members, each of which pay annual fees of 250 US dollars. The number of clients may, as yet, be small, but it’s growing faster and faster, making Magnises a organization to definitely keep an eye on in the future.

Geoffrey Cone’s Clarification New Zealand’s State Regard as a Tax Haven by the Media

Geoffrey Cone is an alumnus of the University of Otago in New Zealand. He graduated with an LLB honors degree and a post graduate diploma in trust law and tax. He began his career in Auckland, New Zealand before proceeding to work in Christchurch in a leading law firm as the Chief of Partners. His work at Christchurch involved practicing commercial litigation, advisory, and taxes. He also appeared in various courts as a chief counsel of different levels, including the Privy Council. Geoffrey returned to Auckland in 1997 after two years as a litigator in the British West Indies.

 

In 1999, Mr. Cone launched Cone Marshall Limited, a legal firm providing trust and tax services. The company holds the title as the first one to focus on providing global trust and tax strategizing exclusively. It also offers managerial services to trusts and trustees through its various subsidiary companies.

 

Cone Marshall Limited has expanded its services to Spain and Italy.

 

Geoffrey recently corrected a report that misrepresented the New Zealand foreign trusts and tax. The previous information, made by the media, labeled New Zealand as a tax haven. Geoffrey clarified in the article that to be considered a tax haven, a nation had to impose no or minimal taxes and restrict transparency of information on tax. New Zealand doesn’t qualify as a tax haven since its regulations do not match the required standards. The 2002 OECD Model Agreement requires that countries openly exchange information on taxing matters and lawfully execute domestic taxing laws. New Zealand became one of the earliest members of the OECD and agreed to enforce the global taxation standards.

 

New Zealand adheres to the OECD agreement by exchanging information with other governments about foreign trusts and other relevant information, transparently. After an extensive research conducted by Micheal Cullen, a new law was passed in 2006, to require New Zealand’s citizens’ submission of the Foreign Trust Disclosure form (IR607) to the IRD. The citizens are however required by law to withhold financial records among other documents such as the trust deed, settlement details, assets, and liabilities trust details and money spent and received by a trustee, for the taxation processes by New Zealand.

 

An example would be the information details such as the accounting system, codes of account and charts of a business transaction between a trust and a trustee. Unlike a tax haven, New Zealand has 39 double tax agreements and 20 tax information exchange agreements that reduce fraud cases.

 

Another transparency requirement is the mandatory use of English to record all the details. New Zealand is a recognized convenient investment destination internationally for its use of trust lawyers and accountants in the OECD taxation process. Geoffrey concluded to note that New Zealand only competes with nations using a similar transparency regulation, such as Britain, US, and Singapore.