New Rules Reveal Bank’s Fears

Most large banks around the world want their customers to stop using cash and other forms of “money” that are not electronic. Most governments want this as well, but the public continues to love to use physical cash to pay for various types of transactions from good purchases to bill payments. As a result, countries continue to print physical cash and around the world people continue to exchange other types of materials for money, such as jewelry and precious metals.

There are problems with the cash system. Sam Tabar thinks governments have difficulty tracking cash-based illegal activities. Additionally, electronic systems offer better tracking for chargeback, refund and other purposes.

On Monday, April 20, many news outlets began to discuss how Chase bank sent its deposit box customers a notice that the bank will no longer allow storage of cash unless it’s a collectible item in the bank’s boxes. In March, Chase started restricting the use of cash by borrowers on a variety of loans, including mortgages, credit cards, auto loans and home equity loans.

Many critics of these bank policies have pointed out that Chase is merely pushing its agenda to limit cash use because when people use cash they often keep some at home and that money does not flow into the economy, or earn interest, until they spend it. Traditional banks are also seeing too much competition from online transaction companies like PayPal.

A Company Owner Sets a New Minimum Wage Of 70,000

Dan Price, the founder of Gravity Payments, shocked his employees on Monday. This was after he announced a new minimum wage of $70,000 for all the employees working in his company.

The news was received with cheers and clapping by his 120 staff members some of whom will see their salaries doubling. With this new directive, even the lowest paid clerk in the company will be receiving a salary not lower than $70,000.

Mr. Price said that a recent article he had read, about happiness, was what inspired him to make the salary changes. The article suggested that people who earn a salary of below $70,000 would do well with some extra money.

Christian Broda (linkedin.com) has learned that these changes will however have no effect on costs for the customers. Mr. Price is set to reduce his own salary to 70,000 and use close to 85% of the projected profit in this year, to cover for the costs.

The ratio between what top company officials earn to what the least paid employees earn is very huge especially in the United States. There have been calls to reduce this ratio, including legislation, but Mr. Price is the first person who has acted on this.

Exactly what Mr. Price hoped to achieve, some employees have declared their happiness following their salary increases. Phillip Akhavan in particular, earning $43, 000, declared that it would make a huge difference in his life.

Gloria Vale Harbors a Perfect Society

Gloria Vale, New Zealand, harbors a society which deems itself perfect. The community of about 500 members is in total isolation from the ‘evil world outside’. The children wear blue uniforms. The adults have very strict rules too, as women have to wear white bibs and long dresses. The families are large, with 12 children or more, since the sect bans birth-control pills.

A family of 14 has recently left the Christian secluded community of Gloria Vale. The fact became a big news because it is like stepping in a new world for the people who had not used internet and have never worn the ordinary clothes before. They declared that the reason was ‘a life in a false system’. The people who found out sooner about the family of 14 leaving Gloria Vale donated furniture and clothes to help the newcomers integrate in the new life. Very few families had left the community before, and they were not allowed to communicate with the members who were still left there.

Susan McGalla said this was founded in 1969, the religious group of Gloria Vale is led by Neville Cooper. The leader never comments on families leaving the group. Peter Righteous, the spokesman of the community said that if people did not want the life offered there, they were free to choose another one.

How To Find The Perfect Place In New York City

If you’ve always wanted to move to New York city and now is finally the time, then it is definitely time for you to start getting your things in order to prepare for the big city life. New York is known for it’s Wall Street and it’s fashion stores but the city has so much more to offer. For one the weather is actually consistently very cold which makes dressing up in large thick garments something you can do everyday, and if you are a fashion lover and want to check out all the new pieces, everything is always within reach. In order to find a good place to rent in New York city, it is good to explore your option. Town Real Estate is your best bet to finding an affordable place to rent that is going to best suit your needs.

In every procedure that involves moving into a new place, one must consider all the tasks that lay ahead. The most important thing to consider before beginning the application process is having the mindset to actually move. Once you contact Town Real Estate, their agents are experienced and fully professional and will lead any client to multiple options to select from. Filtering through choices of NYC real estate does not have to involve the client stopping by every place. Town Real Estate will provide the client with a link to every location with pictures offered to create a visual application process. No matter what the budget is, one of the agents will be able to find something that is suitable exactly to your needs due to the extensive backgrounds that every real estate agent has gathered over the years. Choosing an apartment with a reasonable budget can place in a little further than the Upper East Side area, but there are other areas to look at all around that may be a better fit for your first apartment in New York City.

If you are a local and are looking to relocate then contacting Town Real Estate and checking out the available apartments in the market should be done sooner or later to get a hold of some of the great deals that they offer their clients every now and then. The best way to find the perfect place is exploring what’s out there and deciding for yourself which apartment is the one you want to spend the next duration of the lease in.

The Dorchester Collection Offers Luxury Suites At 5 Star Hotels

The Dorchester Collection is known world-wide for their fabulous group of luxury hotels. There are few hotels that are able to match the exquisite 5 star luxury hotels in Europe and the USA. The hotels are in elegant settings that offer their guests a glimpse into the beauty and luxury that is defined by a stay at a Dorchester Collection 5 star hotel. The Dorchester Collection is destined to remain one of the top hotel chains in the world. Favored by high profile people, politicians, stars, and those that prefer luxury hotels with character.

The Dorchester Collection headquarters is located in London, England. The hotel chain was founded back in 1996. Currently The Dorchester Collection manages 10 luxury hotels across the globe. However, they are constantly searching for more luxury hotels to add to their collection. Every hotel in their management shares similar qualities that guest really love. They offer exquisite guest experience that is uniquely a part of the Dorchester Collection. Their well trained and talented staff offer a wonderful experience that is long lasting.

People all over the world recognize that the Dorchester offers the best in good living, charm, and elegance. Certainly, each hotel managed by Dorchester has their own special unique charm. Every hotel has their own special charm, unique architecture, artistry, and decor. Each hotel offers guests a fabulous dining experience in an elegant dinning room. Meals are provided by some of the best chefs in the world. Guest really enjoy relaxing in the elegantly designed spa’s that offer them a chance to simply relax and enjoy the experience in a lavish setting.

The Dorchester Collection is dedicated to providing the ultimate luxury experience to all their guests. Experience the luxury of one of the hotels in their collection, while you enjoy the beautiful surroundings in the city. It is a winning combination for the guest and the Dorchester Collection.

20 Years and $15 Billion to Repair LA’s Water Pipes

Authorities in Los Angeles warned that the repair and strengthening of the city water system of the would require an investment of about 15 billion dollars, and could also take some two decades to complete.

“The full review of the city water system could take about 20 years and would be one of the most expensive investments in infrastructure in the history of California ” said sources in the Department of Water and Power (DWP).

Reliance made the estimate in response to the proposal submitted by the mayor Eric Garcetti, who has called for strengthening the water system in Los Angeles to become earthquake-proof.

The projected cost, presented in an internal report of DWP, is estimated to be $15 billion.

Also, Marc Sparks says that the company warned that the rehabilitation of the water system would represent markedly higher bills in water bills for residents and businesses in Los Angeles.

In recent months, several water pipes burst, causing serious damage and loss to residents, because millions of liters of water gushed out before controlling the leak. Experts have said that a lot of equipment, many with decades of operation, need to be replaced, which would represent a huge investment in infrastructure.

The infrastructure of the water distribution system is “the main vulnerability that we face in Southern California,” said seismologist Lucy Jones.

The repair of the water system include developing water reserves, strengthening the Los Angeles Aqueduct and the replacement of large portions of more than seven thousand kilometers of pipelines in Los Angeles.

Tiny Homes for the Homeless

Across the United States there is an overwhelming amount of homeless people. With our land being so rich, it is hard to understand how we have so many who are so poor they have no shelter. The homeless population in Madison, Wisconsin grew after the Wall Street protests in 2011. A nonprofit crowd funding campaign called Occupy Madison decided to help in a unique way to give fortunate homeless residents something they have dreamed of for a long time.

At 98 square feet total for a living area, the houses are small. The residents that get to live in them are so full of gratitude, that it is inspiring people across the globe. The homes are insulated and warm, with efficient heaters inside. They are part of a small “village” of houses gathered together. All of them are built on wheels so they can be moved anywhere. There is a building off of them where the house residents can shower and use the bathroom. The cost to build each tiny house is just $4,000.00. The cost for each person getting to live in them is free. A requirement to live there is a contribution to the construction of the home. The program is similar to that of Habitat for Humanity. Each resident must work a minimum of 500 hours to qualify.

One homeless man named Gene Cox was living in his van before he got his tiny house as a Vimeo video of him shows. He became emotional when asked about it, saying he is grateful for a home that is warm. The cold winters of Wisconsin make night temperatures drop. He had to start his van up every two hours or so at night to have heat to avoid freezing. This made sleep very difficult. Now he can sleep all through the night and not have to worry anymore. There have been requests across the country by other homeless people wanting a home just like Gene Cox. Many are hoping the movement for tiny houses for the homeless will spread until everyone in our nation finally has a place to go home to.

Did Your Apartment Complex and Get Slapped with a $10k Fine

If you want to impede bad reviews about your rental property, just include a “Social Media Addendum” to your leasing contract. Although it would never hold up in a court of law, one Central Florida apartment complex has intimidated its tenants by including this clause in their leases. Say something negative about their property and they can fine you $10,000.

According to the Al Hokair Group in Windermere Cay Apartments, located in upper-income Windermere, FL, was tired of receiving bad reviews about their complex. Saying that there was a growing trend of tenants posting unreliable and false reviews in order to have a leg to stand on when negotiating lower rent amounts, the management decided to include a clause the tenants would have to sign. This gave the copyrights to all photos and reviews the tenants post, to the owners of the apartments. In addition,the $10K fine was to be payable within 10 days of notice.

One suave tenant, who obviously thoroughly read his contract, refused to sign the addendum, and they still rented to him. Not that he has anything good or bad to say about his apartment or the management, it’s the principal of it. If a tenant say, takes an Instagram photo from within the property, or even their own apartment, the company would essentially own the rights to that picture, or any other taken from within the property. The anonymous tenant said, when it came time to renew his lease, the addendum was again presented for his signature, which he again refused to sign.

When the apartment manager was contacted about this lease clause, an email reply was sent, indicating that the addendum was introduced by a previous partner and was not supported or used by the current partners or management. No response to follow-up questions has been received.

How Skout App is Changing The Way We Meet New Friends

Skout is an company that made an IOS app under its name to help people meet people, and that is free to download from the apple App Store. It has been around for quite some time now growing in the dark with no promotions or advertisement pushing users towards it. The app makers finally thought it was ready to tackle the advertising world and began buying ad time in the Facebook ads program to get the word out on Skout, and how it is changing the way we meet new friends.

What makes Skout special is that it’s a new model of a social network that is designed to introduce people to each other and help them make new friends, post pictures, and share information with each other. Anybody can sign up to the app by either logging in through facebook or simply creating an account using your e-mail. Filling out the profile is the next step and it is very easy and doesn’t take long at all. You simply fill a little profile about yourself, age, school, and interests. By filling out your profile accurately, you increase the chances to only make friends with people who have your similarities and interests.

When you start using Skout, you are looking at a grid like screen displaying profile pictures of people you might be interested in meeting. You can check out people’s profiles and wink at them to show interest, send them a message, or request to become their friend. Bringing up someone’s profile will display their basic information, hobbies, and their interests. You can even send people a virtual gift which could be symbolic to a real gift. The people displayed online in the grid are the only users who are currently online, which increases your chances to striking a conversation without wasting a lot of time e-mailing back and forth.

Using the Skout app system requires points earned throughout the app doing various activities. The points can be earned and spent regularly to meet new people and send out gifts and other. Skout is a growing social network that is approaching the whole social experience from a different angle. If you want to try something fun and meet new people, be sure to check out the app and download it. It can take a couple of days to build your profile, but once you’re done its totally worth using.

Americans Are Still Struggling With Student Loan Debt

 

Student-Loan Delinquencies Grew In 2014

There’s something about student loans that latently irks people. After all, why do Americans have to pay for a college education anyway? The American business environment revolves around college completion. Some people who chose to work instead of going to college usually struggle to get a job unless they are skilled in a certain profession.

The latent annoying quality that is inherent in student loans is getting stronger. In the last quarter of 2014, over 11 percent of student loans were delinquent by 90 days or more. That figure is slightly higher than previous quarters. The interesting point is other types of debt are shrinking without an increase in delinquencies, according to the Federal Reserve Bank of New York.

The Feds say the delinquencies are the result of higher student loan borrowing. Not only are more people borrowing, but they are also borrowing more money noted AnastasiaDate. There was a 92 percent increase in borrowers between 2004 and 2014. The average balance is around $14,000, but 4 percent of borrowers owe more than $100,000; 39 percent owe less than $10,000.

But the real question is why do borrowers pay other debts on time and drag their feet when it student loan payment time? The answer has to be that icky feeling about a nationwide college rip-off.

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