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Oct 28, 2008

Competing with Others in Business


Hey, I think there is nothing wrong with a little competition especially in business. Competition is healthy. What do you think? But when you feel the need to compete and struggle to be the best, I think that is the time that competition tends to become a liability.

Being flexible occasionally means that you are not number one. At times when you are competing you will need to take a step backward for a friend or companion who is trying to be innovative. It means you just need to negotiate or compromise.

There are people who live in full competition with everyone; they are admired for such achievements, but they are not attended and given support by other people. Such people convey that they are prettier or smarter or richer and they don’t gain trust of other people. Message projected is about “Me and Me first and foremost”.

In some instances, we are pushed to be more competitive like in companies that are into daring marketing clashes with competitors in a global way.

Here is a tip if you feel the need for that streak of competitiveness blocking your way in dealing with others and your loved ones. It is better if you see the other person as a friend and colleague, and not as an opponent. The relationship should be as a friendship, as a mentoring one and the ability to do things together and as a team, and wherein neither of you can do the given task alone.

It is better if you look directly into the eyes of the person and see the fellow human being as a person who doesn’t want to be a loser more than you do. Remember that people who are always on the lookout to win may really collect lots of recognition, but will eventually lose a lot of friends. And I think it is much better to have more friends than lose them in the long run.

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Oct 22, 2008

Joe the Plumber and the Presidentiables


The US presidential elections is fast approaching and admit it or not, this election will greatly affect the world whether we like it or not.

Some independent voters mentioned that all the debates held with Senator John McCain were won by Senator Barack Obama. I think a change of the game plan is all what Senator McCain need in this last phase of the presidential campaign.

This video depicts the last presidential debate between the two candidates, and once again the debate was awarded to Obama. The strategy of Obama was to stay calm and cool as he explained his plans.


The viewers pointed out though that they watched the debate as “pure theater”, as the candidates didn’t even bother to tackle on the serious issues in the real world. With the raging present financial crisis and recession which may last for as long as two years, they were expecting to see how the candidates will be able to deal with the problem at hand even if just through a debate.

Disclaimer: Please note that the Real News Network cannot guarantee the complete accuracy of the transcripts as these are types from the recording of the program.
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Oct 17, 2008

How to Shop in an Uber Tight Budget Cushioning the Bailout Effects


The citizens of the United States of America are minimizing on their expenses because of the staggering economy. In fact, some say that they are doing this for many years now.

Based in this video taken by the McClatchy Newspapers and the American News Project, some locals of the eastern Pennsulvanian town were interviewed and how they are coping with present credit and economic crisis.

With the current crisis, prices of commodities most especially food are also rising. Shelter, clothing and food are at the top list of the basic needs of humans. The increase in the cost of transportation generates the increase in food cost and will eventually put a toll in the wallets of the consumers.

What do we need to do about it then...

Here are some steps to keep up with the costs of rising food which I hope will be of use to you.

* Keep away from previously prepared foods. Everyone knows convenience is very much encouraged especially nowadays and the groceries stores are capitalizing on this. We can easily see and buy ready-made meals, but it is more expensive as compared to foods that you prepare yourself. Instead of buying these meals that are utterly convenient, it is better to buy the ingredients and to prepare the meal yourself.

* Avoid Eating Outside. Try to eat at home and enjoy a nutritious meal made at home and it will be cheaper on your part. It is better to avoid eating outside nowadays, including drinking good coffee, as you can do it yourself at home at a most convenient price.

* Before you shop, eat first. There will always be the tendency that you will be able to buy expensive and unnecessary foods if you walk into a mall or building and you are hungry. Try to eat first before you go shopping.

* Buy in huge volume. Buying in bulk will be able to save you considerable amount of money. Bear in mind the prices of the family size package of the products that you will purchase and compare them with the unit cost of a single product if it is much lower. And also be sure that you have a place to store your bulk purchases. Other stores don’t offer any bargains to big boxes so better make sure to compare the prices of the sales. And always check your spending habit as buying in bulk may encourage you to buy more than what you need, thus it will go overboard your budget.

* Arrange your shopping in advance. Make a shopping list on what you will buy before going shopping. If you do impulsive shopping, you will end up filling your cart with everything and anything that catches your eye. Instead of saving money, you will spend more money than what is previously budgeted. It is also advisable to plan your home meals for one week and take note of those you just need to buy to prepare those meals.

* Do not bring the kids with you while shopping. Kids naturally tend to fill up your grocery cart as they grow tired and cranky and hungry while you are shopping. So naturally you tend to give in to their wishes of providing them their preferred snacks in order to keep them quiet while you go on shopping.

* Look Down. This is a good tip which I know not everybody knows. Observe that most stores tend to place their most expensive goods at eye level. You have to look down to look for cheaper products. Also try to look for alternative and cheaper generic products in exchange for the branded products that you always get. Other times, you only pay for the packaging of the product which really counts so that the product price tends to go up.

* Pay Cash. It is better to pay in cash always. Believe me, I’ve been in that kind of predicament. When you use your card, you tend to pay interest on the purchase made if you don’t pay your card in full every month. Try to pay in cash when you go shopping and avoid charging the necessities in your credit cards.

* Check your Bill. Be sure to check always your bill. There will be a tendency of the scanners not being perfect at all. Taking a look at your receipt may help you a lot.

Careful smart shoppers will be able to minimize the amount spent on the purchase of food. All it takes is a little patience, time and effort.

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Oct 12, 2008

The Bailout that costs as much as the Iraq War


Here is a video showing the bailout at the Wall Street and it will cost the taxpayers the amount of almost $1 trillion. It is almost the same cost incurred during the Iraq war.

Further, as mentioned in my previous post, the American International Group Inc. (AIG) is also included in the list of companies integrated in the bailout. And based on what I read in one of the online newspapers, the AIG hosted a party worth $440,000 after the bailout. I think this is too much for the taxpayers. Normally it is okay for a company to celebrate, but amidst all the news and fresh from the bailout decision, I think AIG has no right to have a party that costs too much. Throwing away $440,000 amidst the crisis that is still unresolved is way too inhuman.


As mentioned by Rep. Henry Waxman, the committee’s chairman, “the average Americans are suffering economically and they are losing their homes, their jobs and health insurance. But in less than a week after the taxpayers rescued AIG, the executives of AIG were found dining and wining in one of the most exclusive resorts in the country.”

This is not a definitely good sign and is not very appropriate in today’s time.

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Oct 11, 2008

Comic Strip of the Moment



I saw this comic strip and decided to post it as it seems to fit in the financial crisis happening at the moment worldwide.

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Oct 9, 2008

The Domino Effect of The Lehman Brothers Fall



This year 2008 is considered one of the most terrible fiscal years on record and will make the credit of the consumer even tighter, as the three firms in Wall Street filed for bankruptcy that worried the American investors and consumers as well.

The unstable predicament of American International Group (AIG), the fall of Lehman Brothers Holdings and the forced selling of Merrill Lynch all led to the plunge of the economic downtrend, which seems to be unending.

This seems to be the worst fall since the terrorist attack on 11 September 2001 and Wall Street is the most variably affected. Experts say that the result of this financial chaos, if you could call it, will be further credit tightening and even in the lending criteria offered for businesses and ordinary consumers.

There are advantages and disadvantages of the Federal Reserve decision of not helping the Lehman Brothers.

The Federal Reserve decision of not helping Lehman Brothers Holdings this time is imparting that the next financial company on the verge of difficulty will not be able to expect a bailout from the taxpayer. Moreover, it will create additional risks to the credit markets which will eventually make the business, retails and home loans much more expensive and more difficult to obtain.

Meaning to say, the person who is in need of a business loan for new operations of his company will not be able to get his money. The reason is the bank will decide to hold it for a while and reconsider the loan applicant’s position. This is the same case in buying a house. There is a good price of the house and the person is ready to buy, but if unable to obtain credit, a deal will not push through. It will indeed get shoddier.

Others contemplated that more banks will also fall short in relation to the recent problems in the financial markets since Lehman Brothers owns several banks as well. There is also some speculations that the failing financial sector could result to a bank run on deposits by clients, which I hope would not happen.

Despite the financial problems, the deposits in banks increased to 5 percent compared to last year, according to James Chessen, the chief economist of the American Bankers Association. Basically many people discovered that a bank deposit is still one of the safest and best investments nowadays.

In these times of credit crunch and a not so good shape of the economy, a currently bad financial state is just going to be worse.

Photo Courtesy of The Charleston Gazette

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Oct 6, 2008

Is the 700 Billion Dollar Bailout Necessary and its Meaning to the Taxpayers


Taxpayers, specifically those from the US, will be those who will be very much affected in this $700 billion bailout. Inflation will be the ultimate effect; the prices of the basic items like food will go up. There will be no more new credit to be extended to the American people. This will only give liquidity to the bank in the market. Further there will be no more new jobs that will be created.


In simpler terms, nobody will really know if it right or wrong until it is too late, though I hope the future won’t turn out to be a disaster.

Just watch the video to learn more about this bailout...

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