Frederick Forsyth is softer on Islam than his readers would expect him to be, despite his strong views on the phenomenon of global terrorism. He says that although Islam does say the battle should be taken to the infidels, but it also says they should not be killed unless they have declared war. Those looking towards multicultural relations will feel concerned, but Frederick Forsyth also points out when Muslim Rulers ruled over India, they did...more
One of the flourishing investment options in the recent times is the futures contract. A form of derivatives, it is a contract to buy or sell a specified asset for an agreed price at a future date. These contracts are traded on a futures exchange and the underlying asset could be any commodity, currency, financial instrument etc. Read on to know how these futures contracts can be effectively used as hedging and speculative tools. Futures in...more
Are you apprehensive about interest rate movements? If yes, hedge yourself against adverse developments in rates and thereby you can control your costs with an effective instrument Interest Rate Futures (IRF). These short term contracts are based on underlying assets which are usually interest bearing securities. Various types of IRFs are normally exchange traded and few examples of IRFs are 13 week Treasury Bills, 3 month Eurodollars, one month Fed funds etc. Treasury bills are normally regarded risk free as they are backed by the United States government, however to hedge against interest rate movements on these securities T-bill futures are used and they are usually available in quarterly contracts. Eurodollars, unrelated to Euro, are deposits in banks outside the United States which are denominated in U.S. Dollars. Such deposits do not fall under the jurisdiction of the Federal Reserve. Similarly Euroyen are deposits in Japanese Yen held outside Japan. Fed Funds are mandatory reserves with Federal Reserve contributed by all commercial banks. Hedging with Interest Rate Futures The most common practice in Interest rate futures market to hedge positions bearing interest...more
Every investment calls for caution, good understanding of the various options, market conditions and tips and strategies to be implemented to gain maximum benefit out of the investment. Trading in derivatives like futures requires extra vigilance and insight into its trading strategies. Let's look at specific futures trading strategies that are...more
For many people, a bright future starts with good education. Since his campaign to become President, Barack Obama has made education a key issue. One major part of the effort is to make available to students more free money for college. Although the economy has dramatically fallen, college prices have continued to rise for many...more
Even though the US economy is going through some hard times, there are some bright spots that should encourage you to look to the future. The government is encouraging women to go to college through Obama scholarships for moms. Mothers of all types have the chance to get a quality education that will no doubt benefit their families and future employers. Federal Pell Grants make Obama scholarships possible. Obama and the government made some changes to these grants to make it easier for moms to go back to school. Now Pell Grants can be awarded in amounts over $5,000. That's an increase of more than $1,000 over the previous maximum for Pell Grants. Because these grants are meant to help low-income students, that means many single mothers are eligible. To deal with this, the government is encouraging moms to go back to school. Both moms who work and stay-at-home moms could benefit from having money to help them go to college. To add incentives for moms to enroll in college, there are also other benefits to these grants. A lot of students choose to study at large colleges and universities. For many single mothers this isn't an option, and it has prevented...more
Choosing ones career is a very important and quite difficult process. Hypothetically, this is done once in ones life right after graduation from school or even earlier. Though, one can change career for several times in ones life. Is it...more
The men's underwear market has long been a place where the mundane and the average held sway; while women have always been able to call on exciting and exotic names and designs for their lingerie choices, men have been left to stand by, a secondary...more
Despite the hard times caused by the US economy right now, there are some bright spot ahead that you should look forward to. By offering Obama scholarships for moms, the government is encouraging women to go to college. The opportunity is...more
For many people, a bright future starts with good education. Even before he became President, Barack Obama spoke about the need to make education a priority. Scholarships and grants are only a small part of the education system makeover. ...more
Are you planning to purchase shoes? Or do you want to buy something trendy and fashionable. Just like ensemble footwear also plays a major role in our life. In ancient roman people used to wear wooden slippers and later on leather shoes became...more
The Crimson Tide ended on top of the football world last year with a win over the Texas Longhorns in the BCS National Championship Game. Nick Saban's team must replace 10 starters on defense, so the new faces will be all over the field....more