Archive for December, 2011

BVI company’s subsidiary suspends mining operations for safety reasons

British Virgin Islands-incorporated telecommunications company Qiao Xing Universal Resources, Inc. announced that its wholly-owned subsidiary, Chifeng Haozhou Mining Co., Ltd., has suspended mining operations at its copper-molybdenum poly-metallic mine, located in Inner Mongolia, China. This was decided after the receipt of safety-inspection report from the inspection team based at the open-pit mining area. Full Post…

Massive daily action – what is is and how can it help you fix your money problems?

A few weeks ago I read an article on a concept called “massive daily action”. I don’t remember the source, but the idea has been running through my mind constantly since I heard about it. Basically, the idea is that if you take enough steps each and every day, any goal is reachable. Notice it [...]

Student Loan Default Rate Nearly Doubles

Increasing numbers of college and university students are taking on record amounts of debt and then defaulting on their student loans, according to a report released this week by the Federal Reserve Bank of San Francisco. Nationally, 8.8 percent of students who were to begin repaying their loans in 2009 defaulted in 2010, the Fed [...]

Victorians burdened by high levels of debt

EVERY Victorian has responsibility for the huge state government debt, translating to about $10,000 per person. State Government Debt has rocketed by $4.4 billion over the past year, and now totals $56 billion. Auditor-General Des Pearson has warned the states ability to service that debt is diminishing. The Auditor-Generals report tabled in State Parliament yesterday, [...]

How To Avoid Customers That Don’t Pay Their Invoices

The short answer: do your homework before you make the sale. Although the economy is improving, things are still difficult for many small and medium sized companies. For many owners, sales are still slow, so whenever they get a sales opportunity they jump on it. They extend payment terms, if the customer demands it, to help [...]