Friday, October 10, 2008


Eco-money is the name of many Japanese community currencies, used to connect neighbours in obtaining the goods and services they need.

In the town of Kuriyama, Hokkaidō, for instance, second grader Ami Hasegawa paid 1,000 kurins to get her favorite toy fixed. The Kurin is the local currency that was named after the township. Ami's father earned 3,000 kurins for fixing the handrail of a staircase in a neighbor's house. And her mother paid 1,000 kurins to an elderly man who wrote addresses for her on postcards in beautiful handwriting.

In spring 1999 Kusatsu in Shiga Prefecture became the first city in Japan to use eco-money, calling it the Ohmi, which is what the prefecture was called in the old days. Several other cities followed suit with currencies of their own, with Matsue, Shimane Prefecture, calling it the dagger (borrowed from the local dialect) and Takaoka in Toyama Prefecture.

Some 30 more communities across Japan are introducing such currencies. Some municipalities plan to use the money to plant trees and reduce garbage.

Eco-Money Network Secretary General Masanari Nakayama stated, "Eco-money is a way of getting neighbors to help each other out and to deepen their ties to the community."

General insurance

General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. It is called property and casualty insurance in the U.S..

In the UK, General insurance is broadly divided into three areas; personal lines, commercial lines and London market.

The London market insures large commercial risks, for example insuring supermarkets, football players and other very specific risks. It consists of a number of insurers, reinsurers, [P&I Clubs], brokers and other companies that are typically physically located in the City of London. The Lloyd's of London is a big participant in this market. The London Market also participates in personal lines and commercial lines, domestic and foreign, through reinsurance.


Staycation is a period of time in which an individual or family stays at home and relaxes at home or takes day trips from their home to area attractions. Staycations have achieved high popularity in current hard economic times in which unemployment levels and gas prices are high.

As staycationers are close to their places of employment, they may be tempted to go to work at least part of the time, and their bosses may feel their employees are available to be called into work. Staycationers also have access to their email at home as they would regularly, allowing them to be contacted, and feeling the temptation to keep up with this contact.

Staycationers may spend money they had not planned as retailers and other advertisers offer "deals" to encourage staycationers to spend money. These may include hotels making package deals in hopes of luring planned staycationers to do some travel.

Peak oil

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. The concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. The aggregate production rate from an oil field over time appears to grow exponentially until the rate peaks and then declines, sometimes rapidly, until the field is depleted. It has been shown to be applicable to the sum of a nation’s domestic production rate, and is similarly applied to the global rate of petroleum production. It is important to note that peak oil is not about running out of oil, but the peaking and subsequent decline of the production rate of oil.

Value Averaging

What Does it Mean?
An investing strategy that works like dollar cost averaging (DCA) in terms of steady monthly contributions, but differs in its approach to the amount of each monthly contribution. In value averaging, the investor sets a target growth rate or amount on his or her asset base or portfolio each month, and then adjusts the next month's contribution according to the relative gain or shortfall made on the original asset base.

Investopedia Says...
For example, suppose an account has a value of $2,000 and the goal is for the portfolio to increase by $200 every month. If, in a month's time, the assets have grown to $2,024, the investor would fund the account with $176 ($200 - $24) worth of assets

Tuesday, October 7, 2008

Bear market

A bear market is described as being accompanied by widespread pessimism. Investors anticipating further losses are often motivated to sell, with negative sentiment feeding on itself in a vicious circle. The most famous bear market in history was preceded by the Wall Street Crash of 1929 and lasted from 1930 to 1932, marking the start of the Great Depression. A milder, low-level, long-term bear market occurred from about 1973 to 1982, encompassing the stagflation of U.S. economy, the 1970's energy crisis, and the high unemployment of the early 1980s.
Prices fluctuate constantly on the open market; a bear market is not a simple decline, but a substantial drop in the prices of the majority of stocks in a given market over a defined period of time. According to The Vanguard Group, "While there’s no agreed-upon definition of a bear market, one generally accepted measure is a price decline of 20% or more over at least a two-month period."

Arsenal vs Sunderland

In the last weekend,hull city smashed arsenal by a wonderful header and long shot.after that lose,arsenal came up strongly but they can't do up to the mark.A third League defeat of the season would have been tough on the Gunners who had a seemingly legitimate goal disallowed in the second-half when the assistant referee adjudged that Theo Walcott had taken the ball out of play before pulling it back for Van Persie to tap home.An injury-time header from Cesc Fabregas earned Arsenal a 1-1 draw with Sunderland at the Stadium of Light.Substitute Grant Leadbitter's stunning 86th minute strike had given the hosts the lead but the Spanish midfielder nipped in, three minutes into stoppage time, to nod home Robin Van Persie's corner.

Sourav Ganguly retirement

Sourav Ganguly former Indian captain had announced his retirement after the upcoming australia series.Ganguly, 36, has scored 6888 runs in 109 Tests, with 15 hundreds. He had played 49 Tests as captain, the most number by any Indian. The 21 matches won during his tenure is also an Indian record, and his winning percentage of over 40 is the highest for players who have captained India in more than one Test. Starting with a hundred on debut, Ganguly's Test average has never dipped below 40.In 311 ODIs, he had scored 11,363 runs at average of 41.02. He captained India in 147 ODIs. He played his last ODI against Pakistan in Gwalior on November 15, 2007. He is one of only three players to complete the treble of 10,000 runs, 100 wickets and 100 catches in ODIs, Sanath Jayasuriya and Sachin Tendulkar being the others.