Einstein was right (not for the first time in his life)
about compound interest. It is indeed the most powerful force in the universe.
Unfortunately though, most people are suffering from this
force. A few days ago I posted a blog
entry entitled How long will it take me to pay off my credit cards. This blog
entry used an [...]
With the National debt now reaching 800billion, most UK taxpayers are either unaware of the consequences of this figure, or theyre aware but just dont care
The definition of Insolvent when applied to a Company is Unable to meet its debts as they fall due
Does this also apply to our Government If it has to borrow [...]
As I do each day, Ive just been trawling through the national media (on-line of course I dont buy every paper every day Im daft, but not that daft)
How on earth can anybody make an informed judgement about the Recession & the UK economy with headlines such as these;
Lehman Bros files for Bankruptcy
Institute of Chartered [...]
Administration
Administrative Receivership
Company Administrationis designed to protect companies from their creditors while a restructuring plan is developed. The type of creditor action that Company administration will stop includes:-
Bailiffs distraining on behalf of rating authorities
Landlords distraint for arrears of rent
Action by Revenue and Customs & Excise to enforce their debt
Following changes to legislation introduced [...]
