Posts

Yeah I agree to this, Northern Rock suffered quite badly when people started to panic and queuing outside all of the branches to withdraw there money, they then had to be bailed out to prevent them from going under, if these people didn't panic this situation may not have been as bad.

I have had two websites with keywords within the address and it has worked very well for me, I does help towards SEO, I know this depends on the website but you have to think about all of the effort you put in to the name of you old website and how much it has been branded. What kind of website is it?

The rise in oil prices is defiantly having a major effect on this country, but it's all down to supply and demand, the world is developing so fast and the population is increasing, countries like China, India and all developing countries are increasing there orders for oil and oil companies cannot not produce it fast enough, we rely on it so much they can basically charge what they like.

Maybes electric cars are the way forward?

Yes well, this is where the government should step in and limit the APR on loans like these, they are praying on the vulnerable, you will get some people that just go to these payday loan companies to pay for a new Playstation or a night out or something, but I bet there are also people that have no choice and need it just to buy the essentials.

I agree with this, but I also think it takes two to tango, they should not let you rack up so much debt, it's like these payday loans, I read an article of some bloke that took out a payday loan to go on a night out with his mates, he took out about

haha yeah, defiantly.... I'm out.

Yeah, I know it easy for me to say they should turn it down and give it to charity, but I'm sure if the majority of people (including myself) were faced with this situation it would be hard to turn down that amount of money.

I would agree with this however, the recession started because the banks were lending money to people who could not afford to pay, they were giving out subprime mortgages and because the bank managers were selling these mortgages they were receiving a bonus for every one they sold.

Investors would then come along and buy this debt, because they had bought the debt they then needed to make a profit on it, the only way they could make a profit would be to increase the interest rate at which they were charging the mortgage lender.

The mortgage lender could no longer afford the mortgage (They could hardly afford it in the first place, hence the reason they were buying 100% mortgages), the mortgage lender then can not afford to live in the house they bought so has to move out, leaving the property deserted and in many cases the mortgage lender filing for bankruptcy, and in some cases putting families on the streets.

The houses have then been left deserted for a number of months or even years, and have now become run down, the banks go to sell the property however the property is now worth no where near what was paid for it as the condition is so bad, this along with falling house prices resulted in the banks selling at a loss.

If the bank managers were not being so greedy in the first place this would not have happened, it made families homeless, fair enough giving them a bonus if they perform well, but only if it is not going to have an affect like selling all of these subprime mortgages did.

A few years ago I done a small job for a brick layer, he asked me to post 200 flyers around my local area, all together only 5 people got in touch with him, and out of them 5 people 2 people asked him to do a job, this doesn't seem like many but if you think of the cost of 200 flyers, and the profit he made of them 2 jobs it was probably worth it.

It really depends on what you are selling, takeaways do well as these are useful and people tend to keep them. Flyers are not that expensive so it is probably worth giving it a go.

I know the reason for all of these bonuses are an incentive for employees to do well, and I think it is fair to say the bonuses these bankers receive are absolutely ridiculous. They are on a lot of money as it is, there is no need to double up there pay by giving them a massive bonus no matter how well they do, I know it is probably a stressful job and probably quite hard as well but this is why they get paid so much to start with!

Funnily enough now the bonuses are all being publicised they are starting to turn them down or give them to charities, in my opinion the bonuses should be capped depending on your annual salary.

In simple terms the people near the bottom should receive there bonuses say people earning <