UK Becoming the Hub of New European “Modern Slavery”

No Comments |  Posted by |  Category:Law

UK employers are abusing Asian, African and other foreign domestic workers coming into the United Kingdom according to a Human Rights Watch report. The report indicated that some UK employers “imprison” their domestic helpers by confiscating their working visas, inadequately giving them food, having them work for many hours and even withholding pay.

HRW criticised the UK’s new immigration laws that facilitate modern slavery. Worker visas for domestic helpers restrict them only to one employer. According to interviewees in the report, they were physically, psychologically and sexually abused. Some interviewees said their employers withheld their working visas, and they did not allow them to leave the house without accompaniment.

HRW also criticised UK’s laws for failing to protect foreign domestic workers. Domestic workers have no direct access to justice for maltreatment. Some of them risk leaving their employers and deportation. Some of them remain and endure the suffering, wanting to have more opportunities for jobs and to support their families back in their home countries.

UK’s government continues to deliberate on a new anti-modern slavery law. However, many experts criticize the law because it still fails to protect immigration workers from the United Kingdom.

The UK’s Home Office had also been accused of discrimination after its campaign asking illegal immigrants to come forward to seek help to return to their home countries. The campaign is part of the UK’s efforts to meet its net migration for 2013-2014.



What Lagging Business Lack in 2014

No Comments |  Posted by |  Category:Finance

In the early days of cellular phone with low resolution cameras, taking photographs and keeping them in digital albums in your computer was a must. It allowed you to keep memories that possibly defined your individuality and memories with the people important to you.

A half-decade later, the internet became updated, and now you could share those photographs of yours. Smartphones, which have higher-grade cameras and features, became commonplace. Internet speeds allowed one to share, explore and create their own interests and find people who think similarly as them. In such a way, individuality wrested upon how people perceive and take note of your produce and information about you that you share in the internet.

Small businesses have adapted effectively to this model, which is why many younger generations make use of the services of these small businesses. Some small business, including early experimental service platforms such as 8-Tracks that allows you to listen to playlists made by other people and you can contact them as well. You could also buy the songs if you want the playlist on the storage of your phone.

Big businesses are losing their ground on the younger generation, which generates the bulk of many country’s income and GDP.  Car manufacturers are having trouble selling their products, along with many other vehicle and transportation-oriented businesses. Meanwhile, technology manufacturing companies are increasing their profits.

Clearly, small or big businesses lagging behind in 2014 lack a sense of understanding the perspectives of the younger generation.

Young people find that sharing, creating and developing their own individuality through the internet is more valuable than owning something that cannot provide the same idea.


Political Troubles and Your Investment Portfolio

No Comments |  Posted by |  Category:Finance

Political turmoil, unrest and civil distresses affect the economy of each country. Economic changes can even plunge the country into difficult areas. When these economic troubles happen, investors tend to “run away” because of the impending political crisis. When political problems happen in countries, it could mean the inflation of goods and the lowering prices of stocks and bonds.

Political problems only predict a highly-possible event happening in the stock market, but it does not mean that the market will turn into a bull or a bear automatically. When turmoil happens, do not pull out your stocks or bonds in that country instantly. Sure, bonds may lower in value, but it does not mean that it could go down easily

In a time of political turmoil, such as a revolution or massive protests that hamper business activities, it is important to keep in perspective long-term plans by the business. Surely, a factory with revolting workers will not stop until they are given their demands, but it doesn’t mean the owner of the factory has to sell the property at once. A factory in the area helps the economy and the local economy is a big market for the manufacturer.

It is important that you set your investment portfolio for the long term. Look at the feasibility of the economic situation in the future. For example, if France is having lots of sales in Ferraris and has an economic turmoil with employees randomly abandoning their tasks daily that involves the lack of performance, you cannot abandon the investment in Ferrari just yet. It may lower, but it can come back double of what it was.

Always look for opportunities in such political turmoils, they will always help.


The Employer’s Responsibilities in a Work Accident Scenario

No Comments |  Posted by |  Category:Law

Employers will always be responsible for employee injury that takes place in their work environment. Their responsibilities are in the employee contract, which the employee signs before they start working. It is from here that you’ll find out about the employer’s responsibilities in a work accident scenario you can possibly encounter.

Some employers just handle basic environmental hazard compensation. This provides you medical support and wages for your recovery if it is proven an environmental hazard, including the equipment you are responsible for, injures you by accident. This is usually issued in office and corporate employment.

If your work is around working in a dangerous environment or accident and sickness prone environment, your insurance premiums increase along with your wages. For any rare accident you encounter, such as in construction, chemistry or other equipment-and-substance plentiful environments, you get compensated in full for any accident even if you are given proper safety equipment in handling these items.

However, there are some cases that employers will skip on their responsibilities and that is when claims experts could help you begin with your claim. Some employers only provide minimal compensation for their employees even if the situation calls for mesothelioma or environment-pandemic related case. A claims expert, such as one from www.NoWinNoFeeAdviceline.co.uk   could help you sort out other details with enough evidence.

Employers are also cutting costs. If you cannot prove your claim properly, you are letting the employer evade their responsibility to you and they can do it again to other employees who might encounter the same kind of troubles as you have.


Real Estate Investment Tips: Tax, Spending, Bubbles

No Comments |  Posted by |  Category:Finance

Experts see the 2014 western real estate market as a “seller’s market.” The right amount of house price bubbles clearly help improve the prices of many homes in the US and Europe. However, there are still challenges for both sides of the real estate market. Here are a few things you need to know about tax, spending and the housing bubble.

1. Taxes
Tax bills will always play a great role in selling homes, but in some US states, property tax cuts are being proposed. The cuts would be depending on the income of the homeowners. So, for homebuyers, this can mean they will be paying less for houses, and once they live in the houses of these states, they will have reduced taxes depending on their income as well.

2. Spending
However, mortgage rates have increased by 5%, but experts said that home buyers have nothing to fear because 5% is still a tolerable mortgage rate. Experts said that the consequential effect of higher rates is easier access. Home buyers could get mortgages with banks becoming more lenient with requirements.

3. Housing Bubble
Properties will continue to rise in value, but with mortgage rates rising, it would mean a slower rate of growth. However, with smaller-value houses getting better deals, home sellers should take their time in choosing a buyer. Avoid getting a very generous, “too good to be true” offer and instead focus on the actual value of your home based on the housing bubble.


Investing in 2014: Technology, Industry and Outsourcing

No Comments |  Posted by |  Category:Finance

A new year brings fresh opportunities for any investor. Markets all over the world are showing signs of recovery, but still enough to allow other investors to ride the boat to higher profits. In 2014, technology and outsourcing are dominating, but outsourcing is not too far behind.

Business processing outsourcing companies are becoming more convenient for both small and big businesses in terms of providing quality processing of data and even consumer support. This industry is bound to go higher as the industry continues to bloom in India and Southeast Asia.

Car manufacturers have announced that the “starting gun” for the development of self-driving cars (SDCs) will begin this year. Nissan, General Motors, Toyota, Honda and other developers may be demonstrating their self-driving vehicle research in the 2014 Car Expo Show in Las Vegas. Aside from vehicles, the smartphone industry continues to grow its bubble.

With the ongoing crisis in South Sudan and the Middle East, barrels of oil are costing more than they should. Securing your own barrels of oil can help you sell them at a better price later. Experts predict a higher price for oil once electric cars hit the mainstream market of western countries.


Bitcoin is Legal, But Dangerous

No Comments |  Posted by |  Category:Law

A digital currency that began as $20 apiece shot to a very high $5000 to today’s $1000 per coin is how bitcoin became legendary. Proposed as the first digital currency in the world, the legal interest of governments, law enforcement and tax authorities continue as they try to fit it into existing financial frameworks. Bitcoin is probably legal, albeit not all merchants accept it.

What makes bitcoin controversial for many law enforcement and governments is its decentralized nature; “miners” make use of high-powered computers to have them automatically solve problems and collect the coins for use in trade.

According to some legal experts bitcoin is legal unless it is being used to purchase drugs or other illegal products incognito. The incident of Silk Road led to the high controversy surrounding the digital currency.

The anonymous transaction codes of bitcoin, which is automatically stored in the bitcoin network as purchases are made, made it seem as the perfect money laundering currency. The FBI highlighted its warnings against the currency, namely off-shore transactions being unregulated.

Authorities consider bitcoin to be a currency that could legally be used. However, fears of its usage and its decentralized nature makes it dangerous as it is a “shady” form of currency and criminals could use the coins as a scamming tool.

 | Tags: , ,

Doctors Could Be Jailed for Negligence With New UK Law

No Comments |  Posted by |  Category:Law

A proposed new law can jail doctors and other medical professionals up to five years if they commit “wilful negligence”. According to the health secretary, the goal of the new law is to ensure the maximum prioritisation of patient safety. This new proposal is part of a new set of proposals that would address problems from previous failures in UK hospitals and lower the fatality rate.

US Secretary Jeremy Hunt said that UK’s medical services needs to undergo an effective transformation in terms of the UK’s free healthcare system.

However, some legal professionals argue that the health law will only make medical professionals defensive and fearful. Medical professionals are already bound by penalties in their profession if they fail to provide the proper quality of care.

Patients could claim against medical negligence and a successful claim has the hospital and the medical professional pay out significantly for the damages and welfare of the patient who had suffered under the care of their medical professional. According to Prime Minister David Cameron,  the Mid Staffordshire case in central England showed that care from the NHS “brilliant” staff, was not enough to ensure the quality of healthcare provided.

However, Shadow Health Secretary Andy Burnham warned the government of having a pick and mix approach to making laws on healthcare services. He said that the government must approach carefully to avoid startling or unnerving medical staff.

 | Tags: , , , ,

Why Invest During Your Professional Years?

No Comments |  Posted by |  Category:Finance

Many young and senior professionals think that investing in the stock market is a job only left for those who have already retired. Passive income is costly especially during one’s professional years. However, there is much reason to invest while you are still young and earning.

1. Resources
Passive income investments on stocks, bonds and equities might seem expensive, but if you save up for them, you could make use of them. The best thing about investing at a young age is that your resources do not deplete. Should you lose an investment, you actually have the capability to rebuild your capital, giving you more chances of success and learning experiences.

2. Aggressive Investing
Retirees are very careful with investing simply because it is money and capital they’ve earned through all their years of working. While you are young and earning, you have more chances of investing aggressively. This helps you take advantage of higher risks, which might mean bigger gains and losses.

3. The More You Learn
A young investor will have the same learning experience as an older investor if they start at the same time. The only advantage of a young investor is that they learn more than an older investor because of their riskier investments, which will allow them to make use of their investment knowledge as a tool upon retirement.

 | Tags: ,

FCA Reveals Investigation, PPI Claims Processing Questioned

No Comments |  Posted by |  Category:Finance

The Financial Conduct Authority had found “distressing problems” with the majority of PPI claim call centres operated by banks. Out of 18 firms, only 6 were performing well. One of the remaining twelve faces enforcement action and others face adjustment and questioning by the FCA.

According to the FCA, customers rejected their insurance claims will be refunded by intensive investigation.

If you were rejected a PPI claim by your bank, you could reclaim your refunds effectively by using claims management companies such as www.ppicalculatorco.co.uk here with their experienced claims experts.

The Financial Ombudsman also confirmed that the 26% increase in PPI complaints signify that banks are still not doing their jobs right. Chief Ombudsman Natalie Ceeney said that despite the example set by the Ombudsman, others are still delaying their customers unnecessarily.

According to the FCA, many PPI claim call centres failed to give a proper response talking about the date the refund is due, pay attention to the inclusions and exclusions of the PPI’s provisions and many do not pay attention to the customer’s circumstances during the time they purchased the insurance.

Anybody who is mis sold PPI could know the precise amount of compensation they could get by using a PPI claim calculator provided online by most claims management companies.

The FCA disagreed with 59% of the PPI judgments the firms made in terms of rejecting and approving claims.