Who We Are


Cpnm is an organization that shares
information anything about Finance / Politics.


Know More

Importance Of Financial Plan

A financial plan is a detailed plan for saving and investing money to reach the individual’s goals. For most people, financial plans will be structured to provide for themselves in their retirement years.
A financial plan starts with the goal of the investor. This could be for someone who wants to retire at 65 with $1 million saved up or for someone who wants a monthly income from their investments starting at 50. Once this is determined, it becomes easier to decide what kind of investment vehicles should be used and calculate the risk that should be taken. It’s important not to forget about taxes when doing calculations and figuring out what investment works for you best. If you are into real estate, you should learn how to invest in real estate first.

A financial plan is a set of written documents detailing the owner’s financial goals and their personal and financial situation. It is typically a guideline for saving, investing, and spending money. Financial planning can also include insurance, taxes, and estate planning.
Financial plans are essential because they force people to think about their future needs and plan accordingly. They help you get your head around your finances and better understand your priorities with respect to investing or spending money.

A well-thought-out financial plan can help you reach your financial goals in the most effective manner possible. The goal is to minimize the risk and maximize returns by taking advantage of every opportunity to save, build assets and make investments.
This section covers the importance of a sound financial plan, what should go into it, how a good financial plan can help one accomplish their goals, etc.

A good financial plan can help you make better decisions and help you maintain control over your financial lives.
To make a good financial plan, it is important to understand your current income and expenses and consider your future retirement goals.

A financial plan is a road map for your financial success. It is a strategic view of the future. The plan helps you understand where you are headed and what to expect.

Your plan should have three components:

1) Setting goals
2) Annual spending
3) Long-term goals

The benefits of good financial planning include:

1) Personal satisfaction in achieving long-term goals
2) Peace of mind knowing that your money is working for you, not against you

The importance of a financial plan cannot be overstated. We all need a plan to help us make the most out of our money and investments.
This is best done through what’s called an investment plan. This is a goal-oriented document where you map out your savings and spending goals, identify your needs and wants, and how much risk you are willing to take on. This can help you prioritize your goals and stay on track for both short-term and long-term goals.
A good financial plan will help you identify the type of real estate right for you – buying, renting, or investing in a home from overseas.

The Key to Financial Freedom: Is It Really Good Credit?

There is a lot of conflicting information out there regarding the financial freedom achieved by achieving good credit. Some sources claim that having good credit can help you achieve financial freedom faster, while others scoff at the notion of trusting credit agencies with your money and suggest avoiding them at all costs. But what does good credit have to do with financial freedom? Well, let’s take a look.

What is Financial Freedom?

Financial freedom is the goal of earning enough income that you don’t need to rely on any external sources, like credit, to pay your bills.

The goal of achieving financial freedom is to become independent from outside creditors, enabling you to live debt-free. 

Financial freedom is a confusing term. On the one hand, it means not having to work a traditional job to pay your bills. Rather, it means earning enough money through passive income that you can live without having to work at all. Or depending on someone’s perspectives, it can be making money through trading using the best platforms by performing traders with edge comparison.

Most people don’t achieve financial freedom in their lifetime. However, some people do. After all, it largely depends on your tenacity and commitment to make everything work your way.

How Good Credit Helps You Achieve Financial Freedom Faster?

There are many reasons why good credit can help you achieve financial freedom faster. The most obvious is that it enables you to borrow money at better rates and terms.

People with good credit often have access to lower interest rates and better terms, such as longer repayment periods, than people with poor credit, who are often charged higher rates to compensate lenders for their perceived risk of default.

Other Ways Good Credit Helps You Achieve Financial Freedom Faster

There are a few other ways good credit can help you achieve financial freedom faster. One is that it can help you save money on insurance premiums. Some insurance companies use a person’s credit history to determine the cost of their policies, including car insurance and homeowners insurance.

If your credit is good, you may be able to get cheaper rates on your insurance policies, saving you money over the course of your lifetime.

Good credit can also help you open a business. Many banks require business owners to have a high credit score, along with a healthy amount of equity, to get a business loan.

UN’s WFP Says Continuing Attacks in Ukraine is Fast Becoming a War on Food Security

As Russia’s attacks on Ukraine are likely to extend beyond summer, U.S. Congress passed a bill granting $40 billion in aid to the country led by Pres. Zelensky. Last May 06, the UN World Food Programme (WFP) aired concerns that the global hunger crisis could spin out of control if the food being produced in Ukraine cannot flow freely across the globe. Unbeknownst to many, the war-torn country is a major exporter of agriculture products, providing food to around 400 million people worldwide.

According to the WFP, the ports in Odesa and other Ukrainian ports located along the Black Sea are blocked because of the ongoing war. That being the case, millions of metric tons of grain remain stored in Ukraine silos as ships are unable to transport them because of the conflict.

Prolonged Armed Conflict in Ukraine Could Result to Global Famine

Currently, the WFP’s main problem is food pricing, but the continuing lack of food supply could very well become a food availability problem in 2023. David Beasley, the Executive Director at World Food Programme warned that

“during this unprecedented crisis, not allowing the ports of Ukraine to let the supply of food flow freely is akin to declaring
war on global food security.”

Mr. Beasley urges all parties involved to permit the supply of food to leave Ukraine so it can reach places where it is desperately needed. He added that they are running out of time as the result of continuing inaction is the looming threat of famine.

While Ukraine’s grain silos remain full, 44 million people across the globe are facing starvation. Based on WFP’s analysis, the number could rise to 47 million if the war continues. WFP studies show that since the start of 2022, 276 million people worldwide have been experiencing acute hunger. The UN WFP Director says the world demands the opening of the Ukraine ports so that food supply can move out of Ukraine.

Republican Fund Raiser WinRed Failed to Stop Multiple State Probes

WinRed, the Republican online fundraising platform, failed to win the lawsuit seeking to bar state attorneys general from probing into their fundraising tactics. Minnesota Chief Judge John Tunheim of the U.S. District Court rejected WinRed’s use of the court to stop state investigations from probing its fundraising operations.

 

Besides, Judge Tunheim does not have any jurisdiction outside Minnesota, while his ruling was in favor of Minnesota AG Keith Ellison. The latter mentioned earlier that federal law would not forestall a state investigation.

Nevertheless, the Minnesota court ruling also confirmed that every state attorney general has the legal ability to use laws and investigatory tools in protecting consumers, regardless of the politics involved.

Why is WinRed Under Multiple State Investigations?

A previous report published by The New York Times revealed how WinRed used pre-checked boxes to automatically register Trump supporters into paying recurring charges. The practice led to allegations of fraud that resulted to massive demands for refunds. The clamor for refunds prompted attorneys general from Connecticut, NY, Maryland, and Minnesota to ask WinRed to present documents to support the fundraising platform.

WinRed however, instead filed a lawsuit with the federal court of Minnesota as a response.

70 Major Donors Formally Notify Senator Sinema of Their Intent to Support Another Candidate

Donors who backed Senator Kyrsten Sinema in past political campaigns are now looking to support another Democratic candidate who will run in the 2024 elections. In a missive sent to the Arizona senator, 70 major donors in all conveyed their disappointment and apprehension over the preservation of democracy  if the Freedom to Vote Act is not approved by Congress.

Many of the donors who gave the maximum allowable donation to the senator’s 2018 campaign were disappointed because instead of protecting democracy against authoritarian threat, Sinema along with Joe Manchin has been opposing the Democratic party’s priorities, including the change in the filibuster rule. .

As it is, every Democrat in the Senate needs to vote in agreement with the weakening of the filibuster rule in order to create a tie, which VP Kamala Harris would break by a single vote in favor of the Democratic Party.

Another issue that has stirred a backlash from donors is Senator Sinema’s refusal to show support to Biden’s Build Back Better Act, which up to now has been stalled in the Upper House.

What Some Donors are Saying Individually Against Sinema

According to a report by CNBC, top party donor and philanthropist Trey Beck that he plans to financially support U.S Rep. Ruben Gallego to run against Sinema as 2024 democratic primary candidate.

A former anonymous donor of Sinema shared with CNBC that they have stopped trying to understand the senator’s motivation on what she alleges as bipartisan support. Although the letter addressed to Sinema said that bipartisanship must be reciprocal for it to work, the unnamed donor added that they don’t really care much at this point and that they would simply prefer an alternative candidate to support.

FEC Takes Note of Republican Rep. Boebert’s Misuse of Campaign Funds for Personal Expenses

New filings with the Federal Election Commission (FEC) reveal that Republican U.S Rep. Lauren Boebert used campaign funds in paying her utility and rent bills.

Although Boebert filed a subsequent report to the FEC last Tuesday showing the Congresswoman replaced the $6,650 worth of campaign spent for personal bills it does not change the fact a violation has been committed. Under federal campaign finance laws, disbursing campaign money for personal use is strictly prohibited.

The Republican congresswoman or her representatives have not given any comments regarding this particular issue, since the action taken to replace the misused campaign funds took place months after the FEC report was filed.

Details of Republican Representative Boebert’s Misuse of Campaign Funds

Rep. Boebert’s payments in question were four separate installments. Two of which are worth $2,000 each while the other two are worth $1,325 each. The payments were reviewed and it was noted that the were made on the same date and have similar descriptions. All were sent to a person named John Pacheco through his location at the Shooters Grill in Rifle, a business owned by Boebert. However the relationship between Boebert and Pacheco is yet to be clearly established to determine if Pacheco used the money to pay for the utility bills of Boebert’s Shooter Grill.

The most recent violation involves a Venmo transaction included in Beebert’s July campaign finance report in July to the Congressional committee. It was simply described as a personal expense of Boebert that was erroneously billed to her campaign account but has been reimbursed and duly returned.

As a matter of procedure, FEC officials have asked Boebert to clarify the matter. However only Jake Settle, Boebert’s spokesman gave a reply explaining that the payments were personal for Boebert’s personal expenses.

Through a letter, FEC Senior Campaign Finance Analyst Shannon Ringgold warned the Congresswoman that they may consider taking legal action if the campaign fund payments were for her personal use. Still, they might be able to give Boebert a chance to avoid legal action if prompt action is taken in acquiring reimbursement of the funds.

In line with the advice, the Congresswoman filed a supplemental report that the necessary reimbursements have been made last Tuesday. The formal report about the reimbursement of the personal expenses will be included the next reporting period due this October.

Financing vs Cash: Which is Better in Buying a Mac

Apple Mac

 

For many folks, coming from the lump sum necessary to buy an Apple Mac outright may be a tough order.

Yes, it might be something that would radically assist with school or work, and enhance the user’s capacity to bring in money, push their company ahead, or turn into a very beneficial tool.

In instances such as these, a lot of men and women turn to fund to procure what they want and pay off the balance within a predetermined period of time.

If it comes to funding an Apple Mac, there are a couple of distinct alternatives in the table. Below, we’ll take a look at whether it’s far much better to fund purchasing a Mac, or if it’s much better to put down the money upfront.

0% Funding

If it comes to researching funding, there are quite a few distinct components to take into account. Interest is among the most essential.

Apple, capitalizing on the increased spending of customers within the December to January period, often provide 0 percent financing at those times in addition to occasionally promoting the deal at other occasions — that the present offer interval for 0% fund runs from the 6th of February 2014 into the 28th of March 2014. That is in the expectation that customers will benefit from this shortage of attention to cover and the capability to cancel the cost payable within quite a few months.

The very crystal obvious allure of 0% financing is the customer is in fact paying for what they’re becoming, and more. With many funding arrangements, the client has to, literally, pay the cost for not getting the cash up front by paying a greater amount in increments.

You will find, however, some caveats for this. The 0 percent financing that Apple provides from time to time is limited to some ten-month intervals and just for orders within the cost of 449. The present offer interval for 0% fund runs from the 6th of February 2014 into the 28th of March 2014.

If, after ten weeks, the purchaser finds themselves paying for their purchase, and also there might be dozens of valid motives for it, then the interest rate will no more be in the initial pace. This usually means the purchase cost of the product increases as the customer’s ability to cover may be decreasing.

With other funding choices, which may vary between 12 to 36 months, interest rates and APR change, of course above the 0 percent provided over. Apple conveniently supplies a ‘Finance Calculator’ on their site, which helps prospective customers to figure out exactly what they may be paying.

Finance Needs Approval

Whilst fund seems like the perfect solution for customers that lack the money to purchase outright, it isn’t given more without tests in their financial history.

For many, this might be debatable. The user arrangement about the Apple UK site tied into the 0 percent financing alternative states that the customer must make a qualifying purchase and then get fund acceptance from Barclays Partner Finance. This usually means that Barclays must execute a history check, ensuring the purchaser’s financial history points into them having the ability to make payments. In the event the consumer has any defaults, debts, along with even a chequered monetary background, then the fund provider might turn down them.

This can clearly leave a few in a catch-22 scenario: they cannot manage the Apple Mac outright, nevertheless are also not able to acquire funding for one, on account of their history.

 

ALSO READ: FinCen’s Proposed Ruling for Cryptocurrency Use Still Looms as a Major Concern

 

Refurbished or Used Products

Some possible customers, who may be intending to unite a fantastic finance rate together with the low cost of a refurbished Mac is going to probably be left disappointed.

The stipulations of the 0 percent financing agreement, expressly state that this speed isn’t valid with the purchase of refurbished or used equipment.

This might be a setback to a, as the refurbished gear may include a considerably reduced cost compared in contrast to brand fresh inventory.

The Display Moves Fast

For those seeking to buy a Mac for design or professional usage, although not as a portion of an organization, a fund might be a terrible alternative.

As everybody understands, the speed of progress in technology is increasing exponentially. Each year, the forces get larger and the machines get faster, with all the openings between expansion slowed evermore.

Therefore, a customer paying for a pc on a fund for a year or longer may find herself or himself with something which is obsolete in their area by the time they’ve finished paying for this. Additionally, at this point, their hardware gets awakened in worth and they must begin the entire process over again.

Whilst that is even the case of a Mac bought, the quantity of remuneration they can get from selling it is going to be a greater proportion of its value compared to if it had been purchased on long-term financing.

In general, funding is a great deal for the ones that may find an interest rate as close to 0% as you can like some of the best MacBook payment plans. A longer-term deal that has greater interest might not be so.

For people who are searching for an effective device for design or work jobs, the better path could be outright bought, possibly of a refurbished version if financing is limited.

 

SC Upholds Authority of FHFA to Collect Profits on Bailout Money

On June 23, the U.S. Supreme Court issued a ruling on the lawsuit filed by Fannie Mae and Freddie Mac investors versus the Federal Housing Finance Agency (FHFA). Supreme Court Justice Samuel Alito ruled that even if FHFA’s structure is flawed to the point of being unconstitutional, he and all other SC Justices unanimously agreed that the profits being collected by the FHFA in favor of the government, do not exceed the statutory authority of the federal agency.

The SC concluded that while FHFA was structured unconstitutionally this was stipulated by Congress so that the incumbent could not easily replace the director of the agency, in case the priority policies of the FHFA are contrary to that of the sitting POTUS.

While the ruling did not grant the $124 million dividends beng claimed by Fannie Mae and Freddie Mac investors from the FHFA, the ruling granted incumbent president, Joe Bident, the right to replace the Director of the FHFA.

That being the case, Pres. Biden lost no time in removing FHFA Director Mark Calabria and appointing Sandra L. Thompson as interim director. The move further deemed hopes of Fannie Mae and Freddi Mac investors to privatize the two government-backed financial institutions. As it is, President Biden is not in favor of privatization deals as he intends to tap on the resources of the agency in addressing and solving the country’s massive housing problem.

What Exactly is the FHFA?

The FHFA was established by Congress as overseer-conservator of the $190 million bailout money that the government infused in Freddie Mac and Fannie Mae to keep the two financial institutions solvent during the 2007-2008 financial crisis.

Freddie Mac and Fannie Mae are government-backed entities that bought deed of real estate mortgages from lenders and then sold them as investment products to private investors.

At first, private shareholders realized huge profits from collecting the payments due from home mortgage borrowings. However, because of the subprime loans that ballooned into amounts that borrowers could no longer afford to pay, Fannie Mae and Freddie Mac stood at risk of becoming insolvent.

To keep the two financial institutions afloat, the government infused taxpayer money with Congressional approval but subject to the oversight of the FHFA to protect the government’s investment. As Fannie Mae and Freddie Mac’s conservator, the FHFA conservator directed all profits to the government’s Treasury Department.

However, private shareholders od the two institutions are claiming that as much as $124 million has been overpaid to the government, which they tried to claim by seeking the intervention of legal courts.

However the only aspect found unconstitutional by the Supreme Court about the FHFA, is the condition that prevents an incumbent president from replacing the Director of the agency.

Biden Open to Good Faith Negotiations Over Infrastructure Plans

Republicans are expected to oppose the 28% corporate tax hike to augment federal funds for Pres. Biden’s proposed $2.3 trillion infrastructure plan. That being the case, the President announced that he is willing to discuss and negotiate with Republicans and Democratic senators alike; but he will not allow inaction to hamper his push for major economic developments.

A week earlier, Pres. Biden presented details of the $2.3 trillion infrastructure plan, which include pumping more than $620 billion into transportation projects specifically for rebuilding 20,000 public roads and reinforcement of 10,000 existing bridges. An estimated $111 billion will be spent to improve water infrastructure by replacing lead pipes that contaminate drinking water, while $100 billion will be used for broadband infrastructure projects.

According to the Treasury Department the proposed 28% corporate tax hike aims to raise $2.5 trillion within a period of 15 years. Still, President Biden says he is wide open to negotiations for a lower tax hike but insisted that the government will need funds to pay for the projects. However, he made it clear that he is open to good faith negotiations, as well as to hear good ideas from lawmakers he plans to meet with in the weeks ahead.

What Republican Lawmakers are Opposing?

Most Republican lawmakers are voicing opposition against spending on incentives to encourage Americans to shift to electric vehicles. Affordable health care for all is another issue that Republicans will vote against, whilst questioning its relevance to infrastructure plans.

Senate Minority Leader Mitch McConnell of Kentucky who spoke last Monday said outright that President Biden’s plan is “something we are not going to do.” Actually and traditionally, any Democratic plan is something that Republicans are always opposed to without any logical reason.

The former majority senate leader who had blocked nearly all Democratic proposals during the Trump administration said the GOP will not support a plan that relies on corporate tax hikes. That is considering that President Biden’s proposed 28% corporate rate is still lower than the 35% corporate tax rate that Republicans had cut down to 21% during the Trump administration.

West Virginia Sen. Joe Manchin, albeit a Democrat, told a local news station that he will not vote for the boosting of corporate rate to 28%. Nonetheless, Manchin said he is in favor of closing existing tax loopholes that enable the wealthy to reduce their income tax payments. Additionally, Manchin said that he would consider supporting a corporate tax hike of 25%.

FinCen’s Proposed Ruling for Cryptocurrency Use Still Looms as a Major Concern

Bitcoin continues to gain support from major companies that have recently unveiled plans of accepting bitcoin and other cryptocurrencies as payment forms. Yet concerns on how the U.S. Treasury Department plans to regulate the use of cryptocurrencies still loom as potential factor that could affect the benefits of using crypto money for online transactions.

Prior to President Biden’s assumption of office, the U.S. Financial Crimes Enforcement (FinCen) put forward a proposed rule to the Treasury Department. The FinCen rule recommends requiring all businesses handling money services to collect information about the identity of their respective customers. The proposed rule, specifically mention the inclusion of cryptocurrency exchange operators, for which the collection of information will also include those pertaining to other individuals with whom their customers transacted using the ewallet of the cryptocurrency exchange site. .

Moreover, the proposed rule published in December by the U.S. FinCen, require licensed businesses to maintain a record of all cryptocurrency transactions amounting to more than $3,000; as well as submit a report of the record to the government, if the a specific transaction involves a transfer of $10,000 worth of cryptocurrency.

While the rule has not yet been adopted, the possibility that stipulations cited will be enforced by the Treasury Department now headed by Biden’s appointee, Janet Yellen. Although Ms. Yellen conveyed in the Senate Appointment Committee that she is open to the regulated use of cryptocurrency, she made it clear that intends to curtail the use of cryptocurrency in the country. Many believe that is is unlikely that the new Treasury Secretary will scrap the proposed rule, but instead, will support its enforcement.

The pronouncement of course validated the concerns over the potential regulation of cryptocurrency in the U.S.

Lawyer of Non-Profit Digital Rights Group Airs Criticism Over the Proposed FinCen Rule

Atty. Marta Belcher, a special counsel for the non-profit digital rights group Electronic Frontier Foundation, said the FinCen Ruling, will make it difficult for people who use self-hosted wallet to remain anonymous when transacting with cryptocurrency users who use traditional storage or exchange services.

Atty Belcher asserted that the most important advantage of using cryptocurrency is the ability to keep one’s identity protected via secrecy part of cryptocurrency, from a civil liberties perspective, is the ability to transact anonymously online. FinCen’s proposed ruling will take away the ability to maintain privacy protections, particularly the secrecy of the cash being imported it into the online world.

Will Cryptocurrency Miners Be Affected by New FinCen Ruling

Many cryptocurrency miners initially thought that FinCen’s latest ruling will not affect their crypto currency mining operations in light of an earlier ruling that FinCen issued in 2014. The said ruling excluded cryptocurrency miners from being recognized as Money Service Businesses. The 2014 ruling was mainly based on the premise that their mining activities are mainly for their personal use and not for purposes of trading crypto money to other users or potential investors.

While cryptocurrency miners keep their rewards stored in their self-hosted wallets in order to maintain anonymity, It became apparent that the new FinCen ruling will affect their ability to use such rewards without having to reveal their identity and that of the users who will receive their mined rewards.

Pres. Biden Says $15/Hour Wage Hike Might Be Excluded in Pandemic Relief Package

In a recent CBS interview, Pres. Biden disclosed that the provision aiming to raise federal minimum wage to $15 could be excluded from the $1.9 relief package. Nonetheless, the President added that he would be urging Congress to pass a separate bill that will see to the promised $15 per hour minimum wage increase. He believes that it isn’t right for workers to still live below poverty wage while working more than 40 hours a week.

What Will Be Included in the $1.9 Trillion Stimulus Package

As President Biden promised, he and his Democratic allies in Congress will obtain the $1.9 trillion relief package, even without the support of Republican lawmakers. They did so through a congressional process known as reconciliation procedure. However, based on the rules of reconciliation, only legislation that impacts the federal budget will be passed in the final bill.

That being the case, the bill passed under reconciliation procedure Includes items like the $170 billion allocated for college institutions and K-12 schools. There is also a $30 billion allocation to provide citizens with assistance in the settlement of unpaid household expenses like utilities and rent.

Vermont Senator Bernie Sanders who is now the Chairman of the Senate Budget Committee said he is still exerting effort, and looking for ways of including the minimum $15/hour minimum wage hike in the $1.9 trillion stimulus bill. According to the Vermont Senator, he is counting on a team of lawyers to make a case of citing the minimum wage hike as having important budget implications in accordance with the reconciliation rules.

US-China Trade War Not Likely to End Quickly Under the Biden Administration

Even if President-elect Joe Biden officially assumes office as POTUS, the trade war started by Donald Trump vs. China is not likely to end all too quickly. .

While President-elect Joe Biden has plans of improving diplomatic relationships with China, economists and trade experts believe that the new POTUS will still use the U.S. tariffs imposed by Trump as leverage. Although China had responded by suspending imports coming from the U.S., the 10% tariff on the $300 billion worth of goods, will still come in useful as a bargaining tool to gain concessions from China.

Charles Skuba, a former senior official of the U.S. International Trade Administration (ITA) and a professor at Georgetown University opines that it would be impractical for the new POTUS to immediately make tariff reductions, as he could use them in negotiating trade deals with China.

Biden as New POTUS Can be Confronted w/ Calls to Reduce the Trump-Imposed 10% Tariffs

Since Trump failed to recognize that the tariff increases imposed on Chinese imports adversely impact U.S. businesses that rely on raw materials imported from China, Biden as the new President could be confronted with calls to reduce, if not roll back the tariffs to the original rates. While President Biden can use them as bargaining tools, China’s retaliatory action of limiting its importation of U.S. agricultural products will likewise serve as an important tool for the Chinese government’s trade negotiations.

In the meantime, American exporters, particularly the U.S. farmers will continue to suffer greatly from the lack of export trade. Not unless, the new POTUS can secure trade deals with other countries not only to make up for the lost Chinese revenues, but also to sustainably revitalize the country’s flailing agricultural industry.

Trump’s Trade War with China Only Resulted in Greater Trade Deficits

While Trump had insisted that China will bear the costs of the raised tariffs,his rhetorics and trade negotiating strategies failed to achieve the goal of reducing the trade deficits that persistently affected the country’s performance in international global trades. In fact the U.S.’ overall trade deficit went on a rise as Trump had also alienated some European governments by imposing similar tariff increases.

 

Moreover, under the Trump administration, several American companies moved their production facilities in other countries like Mexico and Vietnam, as a way to avoid paying the tariffs imposed on raw materials imported from China. .

Fund-Raising Prowess of VP Hopefuls, Did It Influence Biden’s Decision?

Will fundraising abilities be a critical aspect when Joe Biden decides on his choice of Vice Presidential running mate in the forthcoming general election in November? Apparently not as much, because reports just came in that Biden chose Senator Kamala Harris as his running mate.

Financial contributions are seen as silent indicators of real voters supporting Joe Biden’s candidacy, even if only for the purpose of ousting Trump from the Oval Office. The more funds raised by a VP hopeful, the greater the number of individuals backing the members of the electoral college who will vote for the Democratic tandem. Although Trump often boasted of the huge financial backing raised by his campaign team in his behalf, most of the funds came from big donors who in recent months have started withdrawing their financial support.

 

VP Hopefuls Who Achieved Tremendous Success in Raising Campaign Funds for Joe Biden

Joe Biden has earlier remarked that he will be choosing a governing partner and has been holding one-on-one interviews to determine the best pick. In the meantime, and with the vetting process still ongoing, the fund-raising prowess of each VP hopeful is now becoming an important consideration.

Currently, Senator Elizabthe Warren is in the lead, having raised as much as $7.7 million dollar by going along with high-dollar fund raising events that she did not engage in for her own presidential candidacy. In addition, she drew as many as 50,000 attendees to her grassroots event, while also sending emails to her and Biden’s small-dollar list of supporters. The amount is still expected to increase as Warren is scheduled to hold more fund-raising events in Biden’s name.

Sen. Kamala Harris is doing great as well. According to Politico sources , her fundraising activities on behalf of Joe Biden has already raised more than $5 million.

Senator Tammy Duckworth, who after having co-headlined three fundraisers with the Biden couple, as well as after appearing in other events, contributed more than $3 million for the Democratic campaign.

Politico also reports that Susan Rice, former President Obama’s national security adviser and also a potential VP pick, was able to raise funds by simply headlining fund raising events for Biden even without the latter in attendance.

NY Gov Calls McConnell’s State Bankruptcy Bill a Dumb Idea

Angered by Republican Senator Mitch McConnell’s move to pass a bill for states to declare bankruptcy, NY Gov. Cuomo called it the dumbest idea ever.

Actually, McConnell made his remarks in connection with his and other Republican allies’ refusal in giving financial aid to Democratic States. Rather than receive bailouts coming from the $2.2 trillon coronavirus relief fund approved by Congress, McConnell wants states with steep shortfalls consider declaring bankruptcy while facing the Covid-19 crisis.

The Republican Senate leader referred to Democrats, who after pushing to spend tens of billions of dollars in helping residents in their states, namely in California, New York and Illinois, are now banking on financial aid coming from the stimulus fund in addressing their shortfalls. His statement appeared under a press release captioned as “Stopping Blue State Bailouts.”

McConnell, who apart from being senator of Kentucky is also the senate majority leader, whilst branding himself as the grim reaper of Congress. He stated the controversial remarks in response to an interview conducted by radio host Hugh Hewitt.

According to news sources, McConnell’s statements have fueled bipartisan backlash from several state governors.

NY Governor Lashes Back

In his Friday briefings about the present state of the Covid-19 crisis in New York, Gov. Andrew Cuomo (D) berated McConnell’s support of a bill that will force states to declare bankruptcy during the ongoing pandemic crisis. Apart from calling the passing of the bill as a “really dumb idea,” the NY Governor dared McConnell to pass the law, saying

“Your suggestion, Sen. McConnell, pass the law, I dare you to do that.” “Then go to the president and ‘say sign this bill that allows states to declare bankruptcy.’ …”I dare you to do that if you want to send a signal to the markets as well as send an international message that the U.S. economy is in turmoil.”

NY Republican Representative Peter T. King came out with a tweet last Wednesday, calling McConnell’s suggestions and remarks “shameful and indefensible,” whilst branding McConnel as the Marie Antoinette of the U.S. Senate.”

Republican New Hampshire Governor Chris Sununu came out with a press statement in which he called McConneell’s statements ridiculous because it means allowing a state to go bankrupt, and forego all the programs and benefits that a state has to institute, manage and operationalize for citizens.

The Real Picture Behind Trump’s Claims of Being the Greatest President in the History of the U.S.

President Trump often basks in the glory of boasting about job growth during his presidency, which his supporters readily believe.

Yet time again, economists and analysts point out that economic and job growth did not start during Trump’s presidency. His showing was only a continuance of the progress made by the Obama administration, after pulling the U.S. economy out of the “Great Recession” that lasted between December 2007 and June 2009.

Fortunately, it was President Obama who was at the helm of the government’s efforts to bring the country on the road to recovery. The financial crises of the Great Recession were wrought by toxic mortgages, breakdowns in corporate governance and excessive credit card borrowings. All of which stemmed from poor financial regulations and ineptitude by those handling the Federal Reserves.

Upon Trump’s assumption of office in the year 2017, the country was already well on its way to economic recovery. Yet even if job growth was sustained, the rate of job growth in America has not actually made an impressive change during Trump’s presidency.

Although Trump promised a GDP growth of 4%, his administration managed to post an increase of only 2.9% during the years 2017 and 2018, coming from an average GDP growth rate of 2.07% linked to economic recovery initiatives under Obama.

At the end of 2019, the rate of GDP growth plummeted to 2.00% – 2.01%; even lower than the GDP growth rate before Trumped assumed office.

The drop was largely expected in light of the trade wars that Trump initiated with other countries, particularly vs. EU-member countries and China. Many businesses, particularly the manufacturing sector were largely affected by the tariff increases imposed on raw materials being imported from China and other countries. Apparently, Trump did not have a clear idea of how tariffs actually work, since the burden of paying the costs of importing the raw materials eventually falls on the American end-users or consumers.

The Real Picture about the Economic Growth During Trump’s 3-Year Presidency

A substantial portion of the tariff collected from Chinese goods imported by U.S. manufacturers and resellers, estimated at around tens of billions of dollars were paid by American consumers. Most of the funds collected from the increased tariff collections went to subsidies aimed at supporting U.S. farmers, being the hardest hit by the U.S.-China trade war.

 

Mainly because China suspended all importation of agricultural products being supplied by American farmers, instead of caving in to Trump’s trade demands and threats.

Sallie Mae’s New Student Credit Cards : Is It Wise to Use It in Paying Down a Student Loan?

SLM Corporation, the student-loan lender commonly known as Sallie Mae, recently introduced Mastercard credit cards for college students and recent grads.

Sallie Mae’s introduction of the new credit facilities has catchy overtures. They come with a promotional offer of zero annual fee and zero interest, plus cash-back features that award an additional 25% cash-back if used to pay down a federal or private student loan.

Yet those who are not familiar with how credit cards work, should carefully read the terms and conditions.

Credit card analyst and expert, Matt Schulz of CompareCards, said cash-back returns are not big enough to worry over. What new credit card users should pay attention to are the fees, Annual Percentage Rate (APR) or interest rates, default charges and the outstanding balance of their credit card account.

Sallie Mae’s VP of Corporate Communications, Rick Castellano, is into promoting their new credit cards as a way of helping students responsibly build their credit history by rewarding them with cash-backs. Still, credit analyst Nathan Grant of Credit Card Insider, says that Sallie Mae’s unlimited one percent (1%) cash-back reward is very much the same as the cash-backs of student credit cards offered by other financial companies.

According to Grant, the bottomline is that

“Student credit cards are serious financial tools that can help build a student’s credit history only if used responsibly. Otherwise, they can be a gateway to debt when used irresponsibly,”

What Happens if You Use Your Credit Card to Pay Down a Student Loan?

Using a Sallie Mae Credit Card to pay down a federal or private student loan requires careful consideration of several factors. As opposed to business loans or personal loans, student loans, particularly federal loans, are granted under easier terms and conditions. The Sallie Mae credit cards, on the other hand, follow the same terms and conditions of conventional credit cards.

When attracted to the promise of 25% cash-back bonus, it is important therefore to first look into and compare certain aspects.

Compare the interest applied per annum on the student loan against the APR applied on credit payments. Take note that after the promotional or introductory period is over, the zero % interest ends. This denotes that the credit card balance will start accumulating daily interest based on the APR, which can be anywhere between 14.99% (15%) and 24.99% (25%).

 

The simple interest on a student loan is calculated based on the unpaid balance of the principal amount borrowed. If a student fails to pay on the due date, interest on the unpaid principal merely accrues and will be added to the next interest due on the loan. Calculations of future interests will still be based on the outstanding principal amount.

If you will use your credit card to pay down a student loan, the terms of the loan are bound to change. Any credit amount used to pay down a student debt becomes due on the next statement date following the payment. In order to avoid payment of APR-based interest, you must settle the amount in full.

If you do not pay the student loan payment in full, the student-loan payment plus any unpaid APR interest will be reflected as outstanding balance of your credit card. Keep in mind that with credit cards, the APR interest is calculated based on the average outstanding balance of your credit account and not on the unpaid portion of a credit purchase or loan payment.

Paying only the minimum amount indicated in the credit card statement will not reduce your outstanding credit card obligations. That is because minimum payments cover only the APR interest due for the month. In the meantime, the system will continue compounding interest on the outstanding credit card obligations on a daily basis, including unpaid portions of the student loan payment plus any unpaid interest from previous billings. .

Grassroots Fundraising and Its Significance to a Political Candidate

Grassroots fundraising in its simplest context is money solicited from ordinary people without any stipulation of amount contributed, in order to provide funds that will mobilize a movement and achieve a specific mission that will benefit a particular group of people. Grassroots donation has no limit in the sense that any one person can contribute on a recurring basis, to ensure that the movement will be able to have a sustained means of carrying on with its activities.

While grassroots raised funds were originally focused on projects intended to serve the community in which the funds were raised, it came to a point when political candidates had to resort to grassroots funding in launching their political bid. This was deemed acceptable as a grassroots funding purpose since supporting a political campaign, if supporting a political candidate will help push the movement toward success.

Inasmuch as raising of grassroots funds depends on the efforts of volunteers who take actions in soliciting and collecting donations, the political candidate who will utilize the money donated will not be beholden to the donors. If he or she succeeds in getting elected, the politician will be expected to honor his pledge to the multitude of grassroots donors by focusing on policies and projects that will benefit the general public; particularly the sector or public concerns requiring positive government actions.

President Barack Obama Sets an Example of a Successful Grassroots Funded Politician

Although there were other presidential aspirants like Howard Dean, Ron Paul and Bernie Sanders who utilized grassroots fundings for their political campaign, only Barack Obama succeeded in getting elected as President of the United States (POTUS). As POTUS, President Obama made good on his promise to make healthcare available for the less fortunate Americans, and to introduce policies that protect the welfare of immigrant workers.

However despite getting re-elected, political divide did not allow some of President Obama’s healthcare and immigration policies to gain full legislative support. Moreover, the current Trump administration, whose president is politically backed mostly by business institutions and wealthy members of society, continues to carry out actions that would repeal or modify some of Obama’s grassroots-oriented policies; including those addressing climate-change and gun-ownership laws.

2020 Presidential Candidates Supported by Grassroots Political Campaign Funds

Bernie Sanders launched another bid to get the Democratic Party’s nomination as 2020 presidential candidate. However, Senator Sanders is mostly making a repeat of his 2016 advocacies. That being the case, he is currently unable to expand his grassroots base beyond his loyal supporters. Senator Sanders was able to raise around $18 million as grassroots-supported campaign funds.

Democratic Senator Elizabeth Warren of Massachusetts has come to the fore as another grassroots presidentiable seeking for Democratic nomination as presidential candidate to run against Donald Trump. Senator Warren was able to raise $19.1 million in grassroots funds to launch her campaign.

 

She stands firm on her position of not accepting big-dollar contributions coming from wealthy donors. After all, Senator Warren’s political agenda is to fight for the working class people. She vows to advance policies that will require funding paid in part by hefty taxes she intends to impose on America’s super rich people.

Estate and Trust Lawyers

The field or branch of law that legal representatives are practicing is so broad and wide. In fact, even just in the practice of estates and trusts include tons of different things including estate and trust administration, estate planning, elder law, probate and many other things.

With the presence of an estate and trust lawyer on your side, they can be of help in many different things. For instance:

  • Create a plan for what’ll happen to your assets at the time of your demise
  • Avoiding probate like transfer-on-death tools, living trusts, designation of beneficiaries etc.
  • Reducing estate taxes
  • Setting up trusts for loved ones
  • Assistance with probating estates

As a matter of fact, there are more services that estate and trusts lawyers can offer like finding tradelines for sale helpful resource which can help in growing your wealth and finances.

Where they Excel Most?

Trusts and estates lawyer are more expert in handling specific types of issues. Therefore, if ever you needed an estate and trust lawyer, try finding someone who is specializing in your specific concern.

Let me give you a simple example…

One of your loved ones had passed and you need a lawyer in order to mediate in settling assets and possessions. In this regard, it will be a big help if you are going to search for someone who have accumulated years of experience in relation to probating estates in county where your loved one lived.

Make a List

No matter what the situation is, you’ll have to perform research in order to find trust as well as estate lawyers that’s best for you.

Assuming that you don’t have prospects yet, then a good place to start is to search online. As you do so, you can narrow down your research as per the practice area and location of your lawyer from state, zip code or city.

By the time that you have created a list, take advantage of the tips below to perform initial interview. Then after, pick your top 3 candidates.

  1. Check the lawyer’s website – as you are browsing the website, see if they are expert in the field of estates and trusts, do they have valuable information on their site that’s of great value to you? These are some information that you have to watch out.
  2. Contact your local bar association – this is actually an extremely effective way of assessing the expertise and knowledge of your prospective lawyer. Be sure not to disregard it.
  3. Talk to your prospects – there’s only one way to gauge whether you’re comfortable with the lawyer or not and that’s by scheduling a meeting with them and ask questions that aren’t clear to you.

Generating Compounding Profits and Interests with Bitcoin

The greater the number of people who are using Bitcoin, the greater the number of financial services would be created to accommodate cryptocurrency. As a matter of fact, there are constant stream of new applications being developed just for this purpose. One major advantage of Bitcoin than other traditional currencies is the fact that it is not affected by inflation. There’s no central authority that could all of a sudden manipulate the value and supply of this currency.

The Path to Richest with Bitcoin is Here!

On the other hand, if you are interested to make money using Bitcoin, you’re in luck because there are countless of ways on how you can do so rather than keeping them in your digital wallet. As you read this article, I will walk you through on the different ways of making money with Bitcoin.

Buy & Hold

By far, this has been the most effective method known to man. You can make tons of money by simply investing in Bitcoin. This however will require continuous positive trend. Even though the cost increased thousand percents, there’s no indication that the growth slows down.

Mining

This is yet another way that can be applied to earn money using Bitcoin. On the other hand, since the competition is tougher and fiercer, it is more challenging to multiple your money with this procedure. This is something that would demand resources. In the event that you are really determined to try this path, then consider using bitcoin trading robots from GladAge.

Invest in Crypto

Rather than just being a user, you may actually be an investor. The more the people who start to use Bitcoin, the more its value will rise. People are buying Bitcoin for sheer number of reasons.

Many are using Bitcoin due to the reason that it is easier to do online transactions with it. Others however take advantage of it for the cheaper money transfers while some are investing in Bitcoin to not be affected by inflation.

https://www.youtube.com/watch?v=z8r1D9Vu8Sw

Bitcoin as well as blockchain technology has various applications and will keep improving in the years to come. The potential for growth is high and therefore, a lot of people are deciding to invest in Bitcoin using the aforementioned methods.

US GAO Reports Government Agencies Still Using Verification Method Weakened by Equifax Database-Breach

Nearly two years after the Equifax database hacking, the US Government Accountability Office (US GAO) released a report last Friday naming government agencies still using the Knowledge-Base Authentication method in running their online operations. The revelation by the government watchdog serves as a warning to people transacting online with agencies like the Social Security Administration, the US Postal Service, the Centers for Medicare and Medicaid Services, and the Veterans Affairs that their accounts and their benefits, are vulnerable to cyber attacks.

The US GAO is concerned that the Equifax database breach in 2017 resulted to the exposure of personal identifying information belonging to more than 148 million Equifax credit report users.

Knowledge-Base verification is the second stage security measure used by a website when authenticating users intending to replace a forgotten password. Usually the verification requires giving answers to security questions about personal information known only to the account holder. If supplied correctly, a change in password will be allowed to grant access to whoever initiated the password change. .

Breached personal information providing details about credit-cards, Social Security Number, Driver’s License, date of birth, email addresses and phone numbers, can be used by cyber criminals in surreptitiously accessing benefits and other privileges provided by the aforementioned government agencies. Considering that account passwords can easily be replaced by using Knowledge Base authentication approach, rendered weak as a result of the Equifax database hacking that made massive personal information available to cyber criminals. . .

That is why immediately after the Equifax credit report data-hacking transpired in 2017, the National Institute of Standards and Technology (NIST) recommended the discontinuance of Knowledge Base Authentication as second-level method of verifying the identity of online account holders. .

However, the US GAO noted that the 2017 NIST notification did not include guidelines for directing government agencies on how to implement alternative methods of remote identity proofing, such as in-person verification, or through the use of user mobile devices when checking in.

Actions Taken by Government Agencies Cited in the US GAO Report

.
The U.S. Department of Commerce agreed to the GAO’s recommendation, and has committed in behalf of the NIST, the Social Security Administration, the US Postal Service, and Veterans Affairs that steps will be taken to improve the security in their remote identity verification processes.

The Center for Medicare and Medicaid Services (CMS), through the Department of Health, disagreed with the GAO recommendation. According to the CMS, the alternative methods recommended are not feasible practices as far as the citizens availing CMS services are concerned.

In response, GAO underpinned the reasons for their recommendation, suggesting that the CMS may consider other alternative methods other than those recommended by GAO in the report.

Regulations on Auto Title Loans

Just like Tucson auto title loans, a car title loan also termed as “auto title loan” or “title loan” is a type of short-term loan wherein the title of the borrower’s car is utilized as collateral. It is a must that the borrower be the lien holder or must personally own the car. These types of loans are typically for 30 days or less. In the event that the borrower fails to repay the loan on the agreed terms, the lender can take possession or ownership of the automobile and have it sold to get back the amount loaned by the borrower.

Regulations on Car Title Loan

If you have pondered on getting a car title loan, you may already be aware that these short-term loans could be very helpful for an individual who may be of immediate need of cash but unfortunately don’t hold the best or a favorable credit score. Usually, what one needs in obtaining an auto loan is a driver’s license that’s valid and the title to the car, truck, RV, boat, or other motorized vehicle that you own. Nonetheless although you may have done your research on the rate of interest, loan terms, as well as alternative that are similar to title loans is probably common in your locale, you may have forgotten to take into account the laws and regulations of the state regarding car title loans.

What is the Basic Legality?

The particular laws that preside over title loans could differ depending on the town, region, state, or country that you reside in. Some states limit the rate of interest that a lender of an auto title can impose or levy, while some states may not have such laws imposed.

Under Federal Government Law

Car Title Loans, according to the federal government, are permitted and legal except if clearly banned or forbidden by the state. That sentence certainly encapsulated the totality of the interest of the federal-level in Car Title Loans. These loans were solely regulated by the law of the state, with the underlying idea that they were permitted in accordance with the federal law if allowed by the state. But, Title Loans have been the center of topic at the federal level. According to the Bureau of Consumer Financial Protection, they aren’t planning to prohibit or ban car title loans; yet, there are new regulations and laws being deliberated on to make certain that lenders of car title loans are only loaning or lending to borrowers who could meet the expense of to repaying their loans. There also has been a dialogue of forming a governing agency that lenders of title loans will have to periodically report to make sure that clients are protected.

The Promise of Cryptocurrency – Freedom, Democracy, Equality

The craze on cryptocurrency is spreading like wild fire. And yes, governments around the world had been intrigued too as they have started to create their own versions of digital currency. Estonia created Estcoin, Japan with J-coin, Sweden with the E-Krona project, and Petro by the Venezuelan government. These are just a few of the many governments exploring cryptocurrencies.

These government backed coins are called central bank issued cryptocurrency while others called it digital fiat. Regardless of what they are called they are not true cryptocurrencies. Why? True crytocurrencies are decentralized and it is one of the features why many people love the crypto. It is not governed or controlled by any entity as opposed to these government backed coins.

Bitcoins for Freedom

Venezuela is suffering from years of high inflation. There are over 3 million Venezuelans who have fled the country since 2014 seeking for food in nearby borders to feed their empty stomachs. Authoritarianism has gone from bad to worse and Venezuelans have the least power to change their rulers through campaigns for change or via free and fair elections simply because they fear for retaliation. It may seem that there are no other options for the people of Venezuela but technology gave hope to those who believe.

Many Venezuelans are experimenting with Bitcoin to avert inflation and tight financial management. There had been a lot of factors that concealed the liberating potential of Nakamoto’s invention. Lear more about crypto trading here – https://pheeva.com/bitcoin/trading/best-crypto-trading-bots/.

Among others is speculation, fraud, and greed. But for the Venezuelans and others who are living in high inflation and authoritarian rulers, they have seen Bitcoin as a valuable tool to fight ongoing inflation and work around the present government based exchange.

Venezuela is not the only nation where people are able to use Bitcoin to escape present economic climate. Zimbabwe, China, and Russia are experiencing the rage of inflation and are looking into Bitcoins to work around the tightening financial economic standards.

The Dark Side of Cryptocurrencies

The governments are interested in cryptocurrencies too. In this regard, we have to consider the dark side of this rising technology. Intellectuals have sent out warnings already that big data and AI (artificial intelligence) can possibly bolster authoritarians and tyrants everywhere. Venezuela, Saudi Arabia, and Iran have plans and are trying hard to change and centralize the concept of Bitcoin from peer-to-peer decentralized digital money to state-controlled cryptos such as the Petro. This will allow governments to successfully expurgate deals, control user accounts, and elude sanctions.

Keeping coins Decentralized

Cryptocurrencies such as Bitcoin is an insurance policy against an Orwellian future – written by Nassim Nichols

Decentralizing cryptocurrencies can result to opposing force. Other than Bitcoin, there are protected communications software and web browsers, privacy-preserving cryptocurrencies, mesh network units, and control-resistant storage programs. We could make certain that our financial systems and social networks won’t become tools for greed and control by continuously investing in these tools and making them better for the freedom and benefit of the majority.

The Federal Budget Process and the Role Played by Congress

The Federal Budget Process is a 9-step plan outlined by the 1974 Budget Control Act, establishing the role and authority of Congress in appropriating government funds, which the latter will present as a centralized and consolidated budget plan for the federal government at the start of every fiscal year.

Take note that a fiscal year is different from the calendar year that conventionally starts on January 01 and ends on December 31. A fiscal year also covers a 12-month period, but may start and end on any date agreed and settled upon by the federal Congess, state Congress or by a business entity, as the cyclic period. Currently, the the Federal Budget Process is being carried out to create a Budget Resolution for a 12-month period starting October 01 and ending September 30.

The Federal Budget Process

The 9-step process mainly involves submission of budget requests to the Office of Management and Budget (OMB), coming from all federal agencies. The OMB in turn, carries on with the process by reviewing, assembling and preparing all budget requests before they are forwarded to the Office of the President.

Once forwarded, the Office of the President will in turn prepare a budget proposal indicating in dollar values, the President’s funding levels and priorities for each federal agency. The proposal may include changes to mandatory programs that Congress had already enacted; and/ or make certain changes to the tax code.

After which, the President’s final budget proposal will be submitted to Congress, where the final steps of the Federal Budget Process, take place.

The Role of Congress in the Federal Budget Process

The U.S. Constitution empowered Congress to raise revenue from where government spends will be derived and appropriated. Elected officials voted as representatives of their respective state take up positions in Congress either as house representative (congressman) or senator.

Both the House of Representatives and the Senate maintain their own budget committees, whose output will be significant during deliberations and negotiations for the final appropriations bill. Part of their output are the results of hearings with the head of federal agencies, to establish the propriety and necessity of the funds requested.

In addition, there is also a Congressional Budget Office to which certain congressional members are tasked to provide non-partisan analysis and review of the budget proposed by the President of the United States for each fiscal year.

After which, a consensus must be reached by Congress on where the tax burdens must fall, on who are the recipients of the spending benefit and on funding priorities.

The final budget projections and allocations are stated in hard numbers. Once all matters have been considered and agreed upon by the members of the House of Representatives, a Budget Resolution will be prepared and passed to the Senate for review and approval. Once the Senate approves the Budget Resolution passed by the House of Representatives, the approved budget will then be forwarded to the President of the United Stated for approval.

Political Finance – A Quick Overview

What is Political Finance?

Generally, political finance is the term for all funds in the process of political-electoral campaigns. Therefore, political funding can be defined as the funding of present and political party activities as well as electoral campaigns. Specifically pertaining to campaigns of running candidates and political parties. Political finance all over the world presently faces various issues. In an effort to solve these difficulties, all countries around the world will have to have some kind of policies addressing political funding.

There are many sources of political funding, from raising donations to self-funded campaigns. Some individual candidates also tend to get campaign loans to fund their campaign activities. In New Zealand, some candidates get a quick loan in New Zealand to fund the same purpose although this is not the smartest step to take.

Political Finance, Why Is It Crucial?

Political finance plays an active role in democracies. It can help bolster political parties as a whole and as well as individual candidates. It also can give chances to get more equal levels of competition. The truth is, the overall availability of funds is crucial to the total stability of elections as well as in democratic governance. This allows people to put their trust in the political industry and to politicians in general.

One of the primary elements blocking the political electoral approach to attain democratic ideologies in several countries around the world is the impact of funds. While funding is essential for democratic politics, it can likewise become a tool for a few to impact the political approach by vote buying or affecting policy preferences. For instance, many groups from any industry make use of money to govern state policies for their favor. There were many instances reported that many political parties are making use of state resources to keep their power in the government.

Transparency in Political Funding

It is essential to have transparency when it comes to funding of political parties and individual candidates. This is one way to prevent corruption and gain the trust of the people in politics.

Transparency can help a fair and competitive competition by revealing and penalizing undue control over political figures, prevent infiltration of questionable funds into national politics, and promotes political parties and individual candidates to stick to the policies for a fair and better electoral campaign.

The need for transparency in political funding had been accepted around the globe via the UNCAC or the United Nations Convention against Corruption. This suggests that countries around the world ought to take appropriate legal and administrative steps to improve transparency in the financing of candidatures for chosen public offices.

All political parties throughout various nations require funding to actively take part in the political arena. And while financing is important in every political campaign, it is also the source of major threat in many governing bodies today. With the threat of that funding brings, the people ought to be smarter in casting out their votes.

Why It is Important for Money to Circulate Constantly and Widely

A stable economy is one in which money circulates effectively and continuously. When money held by a person or entity transfers to another on a daily basis, money becomes available for use to others. If large sums of money in an economy go to the hands of individuals who place them in financial markets, or stash them in personal cash vaults, even hide them in walls or floors, less money circulates; likely stunting the growth of an economy.

What is Money Circulation and What are Its Indications

Money circulation is the actual transfer of physical cash on hand, which transpires when consumers buy goods or pay for services. However, for money circulation to be effective, the exchange must generally transpire within the same economic territory.

The stable flow of money will carry on from consumers to retailers, to wholesalers or distributors, to manufacturers, to raw material providers, up to the very people who toil on natural resources to produce or extract the most basic requirement of a product. If such is the case, it denotes that almost all participants in an economic sector will have money to circulate at their end.

In the process of transfers, business entities aim to collect cash in amounts that enable them to pay for salaries, utilities, maintenance, tools, and other things necessary to sustain business growth. Growing businesses create new jobs, use new spaces and pay additional taxes.

The government in turn, must use taxes in ways that will benefit the general public; not on some political projects that favor only the players and supporters of a current administration.

Salaries on the other hand represent the source of money from which consumers derive cash they will put into circulation. Ideally, money received as compensation should exceed a person’s cost of living. If such is the case, a consumer can expand coverage of money circulation by purchasing other products, aside from those that they buy or pay for to meet the cost of living. Even more ideal is that they can save money in banks, since a bank in turn, will be able to generate loanable funds.

Money placed in banks yields interests, whilst still keeping the value intact for the depositor’s future use. Interest paid by banks are sourced from interests collected from borrowers; making it important for banks to make sure that money, is loaned out to entities vetted as capable of paying back the funds borrowed plus interests.

Such scenarios in an economic territory, if occuring with very little or no setbacks at all, can guarantee economic stability and growth. Unfortunately, there are certain factors such as natural calamities, disasters, civil unrests, poor political policies, monopolies, fraud, innovations, and global conflicts that affect activities and operations of those who participate in money circulation.

How to Pay Los Angeles Car Crash Attorney Legal Fees

Whether we are talking about a divorce, a will or a car accident, these and many more are situations in which the services of a lawyer may be useful or even necessary.

For many people in this position, the financial side is a serious concern. Many believe that hiring a Los angeles car crash attorney automatically comes with a hole in the budget.

How do you choose and finance a good Los Angeles car crash attorney?

Before starting the steps to find the right lawyer for your cause and needs, it would be advisable to first of all assess your position yourself in the most objective way possible. Check your financial needs and means as well. The selection process will be simplified if you know from the beginning what your expectations are and what resources you have.

Free legal advice

As a first step, you can consider free legal advice. If the situation and time allow, you can contact several lawyers, initially online. This way, you will get a first opinion about how to approach each one. You will probably receive useful tips regarding the options you have in the given context. Obviously, you can’t expect a complex analysis and an extremely detailed answer in this first phase.

Los angeles car crash attorney

Budget

You may have found a lawyer with the right specialization in your case, a professional with experience behind the scenes. But all of this is irrelevant if you can’t afford to pay his fee. This aspect needs to be clarified from the beginning. Knowing your financial availability, you will be able to figure out whether or not you can afford the services of a particular lawyer.

From the first discussion, even if you only ask for legal advice, you should also receive an estimate of the fee. If in doubt, make sure you ask the right questions at the right time. There are situations where the lawyer can request an advance payment.

Also, make sure that you are aware of what the additional expenses are or could be.

Lawyer-client relationship

An equally important factor in choosing the right lawyer is the confidence that inspires you from the very beginning. Ideally, you should be able to communicate easily with him, not be afraid or ashamed to ask him a question or share personal details relevant to the case. At the same time, it should inform you of any issues that may be of interest to you.

A good lawyer should be a good mentor, available and involved. He should be open to explaining the unknowns to you and the next steps at the right time.

  • Importance Of Financial Plan
    A financial plan is a detailed plan for saving and investing money to reach the individual’s goals. For most people, financial plans will be structured to provide for themselves in their retirement years. A financial plan starts with the goal of the investor. This could be for someone who wants to retire at 65 with […]
  • The Key to Financial Freedom: Is It Really Good Credit?
    There is a lot of conflicting information out there regarding the financial freedom achieved by achieving good credit. Some sources claim that having good credit can help you achieve financial freedom faster, while others scoff at the notion of trusting credit agencies with your money and suggest avoiding them at all costs. But what does […]
𐌢