Monthly Archives: January 2016

US Money Reserve Calls for Eliminating the Penny

PR Newswire featured an article on January 26 titled “US Money Reserve President Appears on CNBC’s Squawk Box.” The topic of discussion was about eliminating the US penny from circulation which is something Austin, Texas based US Money Reserve President Philip Diehl agrees with. Diehl went on to say that nobody uses the penny anymore, and cash transactions overall only represent only 25% of all financial transactions. Eliminating the penny will not have much of an effect on the markets, and businesses will be forced to round down the prices on their products to accommodate customers.

There are some economists who believe eliminating the penny will distort the prices of products and increase inflation which Diehl countered by saying opponents have been using this argument for the past 25 years. Opponents point out the penny is beyond the point of recovery, and taxpayers can save $105 million annually by discontinuing the production of the penny. People who have a vested interest in keeping the penny in circulation include those who create the coin’s blanks and the zinc lobby since pennies are 97.5 percent zinc.

US Money Reserve has been in business for over 14 years and has grown to be one of the largest distributors of precious metal coins in the country. They have over 100 professionals who are experts in precious metals who can help investors purchase precious metals as a hedge against economic uncertainty. US Money Reserve offers US government certified gold coins that are produced by the US Mint. They offer their customers a 100% money back guarantee if they are not satisfied within 30 days of their purchase. Gold has been one of the best ways to preserve capital and increase wealth, and US Money Reserve helps its customers in both areas.

Follow US Money Reserve on Twitter

Marcio Alaor BMG on Tag Heuer, CES 2016 Technology Fair, and BMG’s Partnership with Itau

Marcio Alaor, the chief executive officer of a Brazilian bank group known as BMG, reports on Tag Heuer performance in the market, saying that Jean-Clude Biver, the CEO of the company, is a true enthusiast when it comes to the brand and shows extreme determination to see the company grow. He continues and says that the CEO is determined to see that new and innovative projects are launched and clients can have better clocks.
Tag Heuer has existed over 150 years and is a recognized brand globally, making quality sport watches. Marcio Alaor commends the CEO for using Tom Brady, a popular American sports person, in its marketing efforts. He points out on a recent interview involving the company’s CEO, where he said that it was the first time the brand entered Brazil market. During the interview, Biver said that Brazil was one of the main markets in the Latin world, where the Swiss brand was expecting to expand its activities.
Marcio Alaor Accounts News from CES 2016 technology Fair
The Consumer Electronic Show is an event held every year in Las Vegas, where the present and future of technology is revealed. Marcio Alaor says that the event this time headlined a drone that could carry a passenger and a camera attached. This design shows that future electric cars are possible and the idea can be arrived at. Being in a drone doesn’t necessarily mean that you fly it. One just has to pre-program the path and enjoy the entire trip. According to Marcio, the flight capacity of the drone is just 23 minutes and can reach a maximum height of about 3.5 kilometers. His biggest concern, however, is security.
The executive of BMG also said that the electric cars and smart home were also some of the attractions in the fair. He says that cameras can now be attached to any object at home such as a refrigerator. The camera is then capable of sending photos of the interior, allowing owners to purchase what’s not available.
BMG Partners with Itau to offer better financial services
Marcio Alaor’s BMG has now partnered with Itau in order to strengthen its capability of offering payroll loans. Marcio celebrates the partnership saying that it will result in a new bank being created, which exclusively operates discount lending. According to BMG, the partnership will also finance employees of all private companies, where Marcio says there is a huge market yet to be explored.

Handy Makes Home Cleaning and Repairs a No-Brainer

The age-old question about who to trust to clean your house or do other household repairs has been answered. Handy takes the guesswork out of handyman services by offering a database of thousands of professionals in several cities who have been pre-screened. The app and website was the brain child of Oisin Hanrahan, chief executive officer, and Umang Dua, chief operating officer. Part of being an entrepreneur is finding solutions to problems many people have, and Hanrahan had the problem of finding reliable contract help while renovating apartments in Budapest. This problem did not cease once coming to the United States to go to Harvard Business School; thus, Handy was created to solve the problem.

Modern consumers are used to ordering items and services through technology, so inventing an app to help consumers find home cleaning services was a no brainer. Handy allows customers to book appointments, pay and tip through the app. All professionals are pre-screened through stringent background checks and interviews ensuring reliability and safety for consumers. They also offer a money-back guarantee and will send another professional to come out and complete a job if a customer is not satisfied.
Handy has grown tremendously since its inception in 2012 and reported a milestone of $1 million in bookings per day in 2014. In November 2015, the company raised $50 million more in venture funding from sources such as Fidelity and Highland Capital. The funding will go to expanding its services in the next year to double the 35 cities it already services.
Handy is a useful app for its customers, but even more useful to it professionals. There is only a 3 percent hiring rate in professionals considering the background checks and interviews they must pass, but those that are hired on as contractors can make a good living. Professionals can make $15 or more per hour. On top of the lucrative pay, professionals no longer have to worry about tracking down payment from customers since it is all taken care of through the app. Handy is growing exponentially and seems to be a win-win for customers and professionals alike.

Help Children By Going To Fund Me Operations Smile

One of the best things a person can do for another person is to help them physically. Avi Weisfogel is constantly helping others through his dental business and now through his Fund Me page. A great man is he. He spent a lot of his time setting up this fund to help underprivileged children receive the surgery they need to correct cleft palates. He is making the time to travel to these places as well. Operation Smile has been helping children for a long time. The charity helps children that are born with facial birth defects and other issues.

Avi Weisfogel has his own dental practice and his own business called Dental Sleep Masters. In his business Dental Sleep Masters, Weisfogel, and his partner set up conferences and lectures where they explain dental appliances to other dentist and oral surgeons. Appliances such as the Invisalign braces are things that people are beginning to want to know more about. The innovations are coming faster and faster. Dental surgeons are not having to do as many surgeries because of some of the appliances that are now on the market. Avi is very confident in his positions. He is always working to help others to improve their business for others.

Dental guards are great when you have the problem of snoring. A person that snores a lot usually does because of problems with their teeth or sinuses. Snoring is a problem that may be related to sleep apnea. Sleep apnea is very serious and can cause death if not treated. When people have sleep apnea they need to see the doctor. Sleep apnea is very dangerous to the body and organs. When people stop breathing, they are harming the heart and brain. Weisfogel and his partner are speaking loudly on the importance of treating sleep apnea as soon as possible.

GoFundMe is very important to helping some children to have their dreams met. Make a donation to the GoFundMe Campaign for the children.

Duck And Cover? 2008 Might Be Here Again

There is not a single investor alive today he does not remember the events of 2008-2009. This was a hugely turbulent time in the stock markets. It was a moment in history at which we were concerned that the entire economic system itself might collapse. Fortunately, this did not happen, but there is no question that no one wants to see those days again in the market. Unfortunately, there are some big names saying that this may be the direction that we may be headed towards once again.

Soros Worries That 2008 Is Coming Back

It is sure to grab some headlines when billionaire investor George Soros says on Bloomberg that signs are pointed towards another 2008 like event. He says that a lot of the worries in the market are things that are hard to overcome and get back to working the way that they usually do. What are the things he is particularly concerned about?

The Problem In China

CNBC reports that one of the primary concerns for Soros is what is going on in China. There are worries that the government in China is feeling the pressure to devalue its currency. This causes problems in US markets and in fact in markets all around the world.

The issues in China have certainly had an impact on their own stock markets. In the last few trading days we have seen the Chinese government pull out the circuit breakers to shut down the markets after they dropped some 7% or more in just the few minutes that they were actually open. This caused huge worries in the United States and have caused markets to get very jittery.

Greek Debt Problems Remain

Some have forgotten about the Greek debt issue that is still lingering around. There are still a lot of unresolved issues in that country. They have been overshadowed in a lot of ways because of the other news in the market, but investors would be wise to not ignore what is going on in this country. There could still be ripples to the economy that are a result of the Greek debt crisis.

Why Listen To Soros

Of all of the voices out there talking about the economy, Soros is one worth listening to. He has actually made his money in the markets and continues to be a pioneer in those markets. It just makes sense that Soros is the kind of guy to listen to when it comes to getting the straight answers on the economy. He knows what he is talking about from experience, and he shares that information with the public.

It is a good idea to listen to strong voices in the market in order to get better ideas about what is really going on and to make sure that you are making the right moves. Consider the fact that he has made a huge amount of money by trading his whole life and you will see why it is such a good idea to pay attention to what he had to say.

Charles Koch Partners With ACLU

Successful businessman Charles Koch is known for his conservative values and business nature, but recently came into the spotlight for a different reason, his partnership with the liberal ACLU. While the alliance seems odd to most, it has it’s reasons.

Senior vice president of Koch Industries and general counsel for the company recently spoke on why this partnership is happening and what they hope to accomplish, and it all starts with the broken criminal justice system.

At the base of the broken system is the fact that the wealthy and well connected people often are able to receive better treatment than those that are poorer, and guilt or innocence often has little to do with it. This cycle has created what is referred to as a poverty trap, a cycle of poverty, despair and incarceration, for those at the bottom of the economic ladder. One troubling side effect with this error in the system is that innocent people now will often plead guilty to crimes they didn’t even commit. Another problem that has occurred with the War on Drugs is the shift in power from judges to prosecutors. There are currently somewhere between 4,500 and 6,000 criminal laws on the books, and when combined with mandatory minimum sentences and prosecutor’s control of the grand jury process, this means prosecutors now have the ability to be prosecutor, judge, jury, and executioner.

This is all due to the fact that the country seems to have strayed from the original Bill of Rights. The biggest threat to liberty can grow from the criminal justice system. It shouldn’t be so simple for them to take away someone’s life, liberty, property, and pursuit of happiness.

The hope of the ACLU and Charles Koch working together is to find a way to shrink the criminal justice system that has become a failed system that simply wastes trillions of dollars and ruined an untold number of lives. Koch himself has said that he homes for a society that maximizes peace, stability, well-being, and tolerance. A society that offers many opportunities for everyone to better themselves and helps to improve peoples.

Charles Koch is the co-owner, chairman of the board, and chief executive officer of Koch Industries. He, along with his co-owner and brother David, expanded the company from exclusively dealing in oil refining and chemicals to include new processes as well as some well known brands like Stainmaster, Lycra, Quilted Northern, and Dixie Cup.

Koch is known as a conservative, and through his numerous programs has supported and aided in creating numerous free market-oriented educational groups like the Institute for Humane Studies and Mercatus Center at George Mason University. He is a major contributor the Republican Party and it’s candidates as well as numerous charitable organizations.

Handy, Home Cleaning Services Growing in Popularity

Handy, a start-up home cleaning service, is growing in business and has raised $50 million in just November of 2015. The business started out as Handybook and was the brain child of Oisin Hanrahan and Umang Dua. Hanrahan thought up the idea for Handy while renovating apartment complexes in Budapest. He continually had problems finding reliable people for jobs. Handy was born out of that need to know who was reliable and who wasn’t.

With the Handy app there is no question about who is reliable for a job. The company prescreens professionals ensuring clients get a reliable person for the job they need whether it is cleaning, furniture assembly or plumbing.
Hanrahan and Dua have experience in the business world. Hanrahan started buying and renovating apartment buildings when he was still at Trinity College in Dublin, Ireland. He also helped found MiCandidate, a company that provides political content to the media, and The Undergraduate Awards, which recognizes outstanding students worldwide. Dua founded College Connect out of India that matches students with colleges around the world. He also worked as a business analyst at McKinsey & Company. Handy started in 2012 raising money from venture capitalists such as Fidelity and Highland Capital. Handy seems to be doing well although their competition, Homejoy, has gone out of business and filed chapter 11 bankruptcy.

Handy allows customers to book services as well as pay and leave a tip through the app. They offer a money back guarantee and will have another professional come out if the customer is not satisfied with the work of the first. Handy has been successful at developing a customer base. Hanrahan stated in a recent interview that 80 percent of bookings are from repeat customers. The company operates in major United States cities from coast to coast as well as Toronto and Vancouver, Canada and London, England.

James Dondero Predicts a New Year in Stocks

An investment in the stock market often makes a great deal of success for anyone. Investing in the stock market allows people to be able to see their funds grow and expand over time. In many cases, the market can be the ideal way for any investor to create a nest egg that is only likely to grow in the future as the market continues to expand. Doing so can also help the investor beat inflation and decrease their overall tax bill at the same time. This allows anyone to be assured of a retirement with funds on hand to meet their needs.

However, while in the long term the stock market tends to go up, in the short term, gains may be minimal. This was true of the recent stock market year. In 2015, the stock market, as an article in Forbes Magazine points out, stayed flat. Gains were minimal at best. Many investors were left wondering what to do in order to help see their capital continue to grow. They fear that the coming year will just be a repeat of the previous year with investments flat at best and perhaps outright losses at worst. This is why investors today may be hesitant in investing in the market at the present time.

One person who knows the market well and knows how to respond to any current or changing market situation is James Dondero co-founder and President of Highland Capital Management. Jim, as he is known to his many friends and family, is one person who is confident that the market will do well in the coming year. Dondero knows that the American stock market is highly sound and that many industries in this part of the world are led by confident and capable individuals who can assist people in seeing effective returns on their capital.

Jim also knows that effective capital management is not just about meeting the needs of investors but also about reaching out to employees at any given company to help them strive to make the company more successful in every way. As the Forbes article indicates, it is probably a good time in his opinion to focus closely on stocks that are growth stocks and likely to see their prices grow in the future. In this way, the investor can expect to see far better returns this year. Follow Jim on Twitter to stay up to date on the financial world.

Drawing Inspirations from Marcio Alaor Story

Marcio Alaor is an established business entrepreneur based in Brazil. He has an outstanding record of achievement in the banking sector arising from years of commitment and dedication to his work. Mr. Alaor has been widely credited for making effective analysis of both the watch marketing sector and motor industry. As a child, Alaor worked as a shoe shiner and dreamt of becoming one of the most successful entrepreneurs in Brazil. Well, that dream came true and having been nurtured in the San Antonio Center, he was motivated by achievers in the industry to become who he is now.
Even though his family was poor, they loved and supported him. One important figure who believed in Alaor in his early life was Dr. Wilmar who noticed his potential and encouraged him to look beyond Santo Antonio do Monte and conquer the world.
Mr. Alaor’s Contribution at MBG Bank
Alaor is the Vice President of BMG Bank and one of the bank’s top management executives. Being in his position, he plays a crucial part in making decisions for the bank. Through his leadership, he has placed the bank among some of the best achievers in the financial sector. Alaor helped the bank to create a national brand popular for its tradition, technology and focus in predicting market trends. Even though the credit decisions are collectively made through a structured committee that ensures the banks demands are met through efficient, responsible and intelligent ways, Mr. Alaor made sure the bank works with high quality credit portfolios. The success of bank has been triggered largely by his hard work and knowledge in market enterprise.
BMG is a privately owned company managed by the powerful Pentagna Guimaraes family. This is an active family in Brazil’s financial industry from the 1930s. BMG was established as a commercial bank with its major business being in wholesale and consumer financing. From the 90s, it focused majorly on providing payroll loans and is now a world leader in provision of these services. Mr. Alaor has been part of this successful business story.
Education, Philanthropy and Awards
Alaor has a Business Management Degree from Instituto Metadista Benett. He also holds a post graduate in Business Management. In his hometown, Alaor is highly reputed for playing major roles in developing the town. Just recently, he was awarded a square under his name as recognition for his philanthropic works in the community. In a ceremony that was attended by many renowned business people and achievers; Alaor was appreciated for his generous acts of kindness. He was appreciated for never turning a blind eye whenever his help was required. This worthy award was received during the 33rd Annual Agricultural Exhibition in San Antonio.

You can like him on Facebook.

Sanjay Shah Supports Autism Rocks

When he wanted to make a difference by supporting autism research, world-renowned hedge fund manager Sanjay Shah, and yet he was unsure how to go about it. That is, until Snoop Dogg came to his hometown of Dubai and a friend notified him that Snoop wanted to meet Sanjay. Of course, Sanjay was completely flattered and invited Snoop Dogg and his whole entourage to visit with his family. It was a phenomenal visit.

Of the visit, Sanjay said, “What’s it like having a man who’s sold 30 million records sitting in your garden? Bizarre. But thrilling! I put some pictures on Facebook and no one believed it was him. Everyone thought I’d hired a lookalike… He was lovely. He was talking to the kids, asking about Dubai, telling us about his family. It was fun.”

It turned into much more than a social visit, because Snoop Dogg, the multi-award winning artist, inspired Sanjay to get back into the music scene and more importantly, to start his own charity to support autism research, called Autism Rocks. Mr. Shah has a son that is autistic and through this new charity, he has been contributing support that he raised with special concerts he produced. He had big recording stars, such as Lenny Kravitz, Prince, Joss Stone, and Elvis Costello performing to contribute to the cause. He was able to raise $15 million for autism research. The money goes directly to the Autism Research Trust (ART), which is at Cambridge University. The goal is for research to produce understanding of the cause and effects of autism.

Sanjay Shah moved to Dubai from the UK in 2009. He says he loves the city. He is the Founder, CEO, & Chief Architect at Vistex, Inc. They are a world leader in contract, pricing, channel marketing services and solutions, and incentive management.

Mr. Shah has grown Vistex into a cloud computing resource for businesses who need direction in marketing, gain revenue, and increase margins while controlling costs. Many industries across the globe, of all different sizes, choose Vistex to help them manage their businesses effectively.

You can like them on Facebook.