Wesley So wins TATA Steel Chess

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Wesley So wins TATA Steel Chess

Wednesday, February 1, 2017

On Sunday, Filipino-US chess grandmaster Wesley So won this year’s Tata Steel Chess Tournament, held in Wijk aan Zee, Netherlands, securing 9.0 points out of thirteen. Following closely in second place was current World Champion Magnus Carlsen with 8.0 points.

Wesley So won five games and drew the remaining eight. A player gets a point for each win, half a point for a draw and no points for a loss. He is currently on a 56 lossless game streak.

In the final round, Wesley So was paired against Russian grandmaster Ian Nepomniachtchi. Wesley So captured a central pawn which was expected to be recaptured to equalise material but wasn’t. Soon, his opponent unexpectedly castled offering a pawn sacrifice which was accepted. Despite being ahead in material his opponent threatened to capture his queen. However, he was able to defend using his extra central pawn and prevent counter-play forcing the Russian to resign.

He won last year’s Grand Chess Tour by winning the Sinquefield Cup and London Chess Classic and coming second in the Leuven Grand Chess Tour.

Magnus Carlsen won four, tied eight and lost a game against Richárd Rapport. In the last round he faced his rival and contender for the World Chess Championship of the last year, Russian Sergey Karjakin. In the game, Karjakin provoked Carlsen to sacrifice his knight on which grandmaster Fabiano Caruana tweeted, “Karjakin must be in a very charitable mood”. He quickly sacrificed his knight pinning Karjakin’s knight to his queen. Despite being a piece down he gained an advantageous position. Karjakin defended his position extremely well, as grandmaster Alejandro Ramírez said, “He can commit the most despicable errors and then show world-class toughness from the next second!”. The defence worked and a draw was agreed upon.

Also known as the “Wimbledon of Chess”, the Tata Steel Chess tournament attracts top chess players every year. The tournament has two professional groups, Masters and Challengers, and an amateur group. It is organised in a round-robin format where each player plays a game against all other players. The tournament is scheduled to run its 80th edition next year in Wijk aan Zee, Netherlands.

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Category:May 27, 2010

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G20 protests: Inside a labour march

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G20 protests: Inside a labour march
Wikinews accredited reporter Killing Vector traveled to the G-20 2009 summit protests in London with a group of protesters. This is his personal account.

Friday, April 3, 2009

London – “Protest”, says Ross Saunders, “is basically theatre”.

It’s seven a.m. and I’m on a mini-bus heading east on the M4 motorway from Cardiff toward London. I’m riding with seventeen members of the Cardiff Socialist Party, of which Saunders is branch secretary for the Cardiff West branch; they’re going to participate in a march that’s part of the protests against the G-20 meeting.

Before we boarded the minibus Saunders made a speech outlining the reasons for the march. He said they were “fighting for jobs for young people, fighting for free education, fighting for our share of the wealth, which we create.” His anger is directed at the government’s response to the economic downturn: “Now that the recession is underway, they’ve been trying to shoulder more of the burden onto the people, and onto the young people…they’re expecting us to pay for it.” He compared the protest to the Jarrow March and to the miners’ strikes which were hugely influential in the history of the British labour movement. The people assembled, though, aren’t miners or industrial workers — they’re university students or recent graduates, and the march they’re going to participate in is the Youth Fight For Jobs.

The Socialist Party was formerly part of the Labour Party, which has ruled the United Kingdom since 1997 and remains a member of the Socialist International. On the bus, Saunders and some of his cohorts — they occasionally, especially the older members, address each other as “comrade” — explains their view on how the split with Labour came about. As the Third Way became the dominant voice in the Labour Party, culminating with the replacement of Neil Kinnock with Tony Blair as party leader, the Socialist cadre became increasingly disaffected. “There used to be democratic structures, political meetings” within the party, they say. The branch meetings still exist but “now, they passed a resolution calling for renationalisation of the railways, and they [the party leadership] just ignored it.” They claim that the disaffection with New Labour has caused the party to lose “half its membership” and that people are seeking alternatives. Since the economic crisis began, Cardiff West’s membership has doubled, to 25 members, and the RMT has organized itself as a political movement running candidates in the 2009 EU Parliament election. The right-wing British National Party or BNP is making gains as well, though.

Talk on the bus is mostly political and the news of yesterday’s violence at the G-20 demonstrations, where a bank was stormed by protesters and 87 were arrested, is thick in the air. One member comments on the invasion of a RBS building in which phone lines were cut and furniture was destroyed: “It’s not very constructive but it does make you smile.” Another, reading about developments at the conference which have set France and Germany opposing the UK and the United States, says sardonically, “we’re going to stop all the squabbles — they’re going to unite against us. That’s what happens.” She recounts how, in her native Sweden during the Second World War, a national unity government was formed among all major parties, and Swedish communists were interned in camps, while Nazi-leaning parties were left unmolested.

In London around 11am the march assembles on Camberwell Green. About 250 people are here, from many parts of Britain; I meet marchers from Newcastle, Manchester, Leicester, and especially organized-labor stronghold Sheffield. The sky is grey but the atmosphere is convivial; five members of London’s Metropolitan Police are present, and they’re all smiling. Most marchers are young, some as young as high school age, but a few are older; some teachers, including members of the Lewisham and Sheffield chapters of the National Union of Teachers, are carrying banners in support of their students.

Gordon Brown’s a Tory/He wears a Tory hat/And when he saw our uni fees/He said ‘I’ll double that!’

Stewards hand out sheets of paper with the words to call-and-response chants on them. Some are youth-oriented and education-oriented, like the jaunty “Gordon Brown‘s a Tory/He wears a Tory hat/And when he saw our uni fees/He said ‘I’ll double that!'” (sung to the tune of the Lonnie Donegan song “My Old Man’s a Dustman“); but many are standbys of organized labour, including the infamous “workers of the world, unite!“. It also outlines the goals of the protest, as “demands”: “The right to a decent job for all, with a living wage of at least £8 and hour. No to cheap labour apprenticeships! for all apprenticeships to pay at least the minimum wage, with a job guaranteed at the end. No to university fees. support the campaign to defeat fees.” Another steward with a megaphone and a bright red t-shirt talks the assembled protesters through the basics of call-and-response chanting.

Finally the march gets underway, traveling through the London boroughs of Camberwell and Southwark. Along the route of the march more police follow along, escorting and guiding the march and watching it carefully, while a police van with flashing lights clears the route in front of it. On the surface the atmosphere is enthusiastic, but everyone freezes for a second as a siren is heard behind them; it turns out to be a passing ambulance.

Crossing Southwark Bridge, the march enters the City of London, the comparably small but dense area containing London’s financial and economic heart. Although one recipient of the protesters’ anger is the Bank of England, the march does not stop in the City, only passing through the streets by the London Exchange. Tourists on buses and businessmen in pinstripe suits record snippets of the march on their mobile phones as it passes them; as it goes past a branch of HSBC the employees gather at the glass store front and watch nervously. The time in the City is brief; rather than continue into the very centre of London the march turns east and, passing the Tower of London, proceeds into the poor, largely immigrant neighbourhoods of the Tower Hamlets.

The sun has come out, and the spirits of the protesters have remained high. But few people, only occasional faces at windows in the blocks of apartments, are here to see the march and it is in Wapping High Street that I hear my first complaint from the marchers. Peter, a steward, complains that the police have taken the march off its original route and onto back streets where “there’s nobody to protest to”. I ask how he feels about the possibility of violence, noting the incidents the day before, and he replies that it was “justified aggression”. “We don’t condone it but people have only got certain limitations.”

There’s nobody to protest to!

A policeman I ask is very polite but noncommittal about the change in route. “The students are getting the message out”, he says, so there’s no problem. “Everyone’s very well behaved” in his assessment and the atmosphere is “very positive”. Another protestor, a sign-carrying university student from Sheffield, half-heartedly returns the compliment: today, she says, “the police have been surprisingly unridiculous.”

The march pauses just before it enters Cable Street. Here, in 1936, was the site of the Battle of Cable Street, and the march leader, addressing the protesters through her megaphone, marks the moment. She draws a parallel between the British Union of Fascists of the 1930s and the much smaller BNP today, and as the protesters follow the East London street their chant becomes “The BNP tell racist lies/We fight back and organise!”

In Victoria Park — “The People’s Park” as it was sometimes known — the march stops for lunch. The trade unions of East London have organized and paid for a lunch of hamburgers, hot dogs, french fries and tea, and, picnic-style, the marchers enjoy their meals as organized labor veterans give brief speeches about industrial actions from a small raised platform.

A demonstration is always a means to and end.

During the rally I have the opportunity to speak with Neil Cafferky, a Galway-born Londoner and the London organizer of the Youth Fight For Jobs march. I ask him first about why, despite being surrounded by red banners and quotes from Karl Marx, I haven’t once heard the word “communism” used all day. He explains that, while he considers himself a Marxist and a Trotskyist, the word communism has negative connotations that would “act as a barrier” to getting people involved: the Socialist Party wants to avoid the discussion of its position on the USSR and disassociate itself from Stalinism. What the Socialists favor, he says, is “democratic planned production” with “the working class, the youths brought into the heart of decision making.”

On the subject of the police’s re-routing of the march, he says the new route is actually the synthesis of two proposals. Originally the march was to have gone from Camberwell Green to the Houses of Parliament, then across the sites of the 2012 Olympics and finally to the ExCel Centre. The police, meanwhile, wanted there to be no march at all.

The Metropolitan Police had argued that, with only 650 trained traffic officers on the force and most of those providing security at the ExCel Centre itself, there simply wasn’t the manpower available to close main streets, so a route along back streets was necessary if the march was to go ahead at all. Cafferky is sceptical of the police explanation. “It’s all very well having concern for health and safety,” he responds. “Our concern is using planning to block protest.”

He accuses the police and the government of having used legal, bureaucratic and even violent means to block protests. Talking about marches having to defend themselves, he says “if the police set out with the intention of assaulting marches then violence is unavoidable.” He says the police have been known to insert “provocateurs” into marches, which have to be isolated. He also asserts the right of marches to defend themselves when attacked, although this “must be done in a disciplined manner”.

He says he wasn’t present at yesterday’s demonstrations and so can’t comment on the accusations of violence against police. But, he says, there is often provocative behavior on both sides. Rather than reject violence outright, Cafferky argues that there needs to be “clear political understanding of the role of violence” and calls it “counter-productive”.

Demonstration overall, though, he says, is always a useful tool, although “a demonstration is always a means to an end” rather than an end in itself. He mentions other ongoing industrial actions such as the occupation of the Visteon plant in Enfield; 200 fired workers at the factory have been occupying the plant since April 1, and states the solidarity between the youth marchers and the industrial workers.

I also speak briefly with members of the International Bolshevik Tendency, a small group of left-wing activists who have brought some signs to the rally. The Bolsheviks say that, like the Socialists, they’re Trotskyists, but have differences with them on the idea of organization; the International Bolshevik Tendency believes that control of the party representing the working class should be less democratic and instead be in the hands of a team of experts in history and politics. Relations between the two groups are “chilly”, says one.

At 2:30 the march resumes. Rather than proceeding to the ExCel Centre itself, though, it makes its way to a station of London’s Docklands Light Railway; on the way, several of East London’s school-aged youths join the march, and on reaching Canning Town the group is some 300 strong. Proceeding on foot through the borough, the Youth Fight For Jobs reaches the protest site outside the G-20 meeting.

It’s impossible to legally get too close to the conference itself. Police are guarding every approach, and have formed a double cordon between the protest area and the route that motorcades take into and out of the conference venue. Most are un-armed, in the tradition of London police; only a few even carry truncheons. Closer to the building, though, a few machine gun-armed riot police are present, standing out sharply in their black uniforms against the high-visibility yellow vests of the Metropolitan Police. The G-20 conference itself, which started a few hours before the march began, is already winding down, and about a thousand protesters are present.

I see three large groups: the Youth Fight For Jobs avoids going into the center of the protest area, instead staying in their own group at the admonition of the stewards and listening to a series of guest speakers who tell them about current industrial actions and the organization of the Youth Fight’s upcoming rally at UCL. A second group carries the Ogaden National Liberation Front‘s flag and is campaigning for recognition of an autonomous homeland in eastern Ethiopia. Others protesting the Ethiopian government make up the third group; waving old Ethiopian flags, including the Lion of Judah standard of emperor Haile Selassie, they demand that foreign aid to Ethiopia be tied to democratization in that country: “No recovery without democracy”.

A set of abandoned signs tied to bollards indicate that the CND has been here, but has already gone home; they were demanding the abandonment of nuclear weapons. But apart from a handful of individuals with handmade, cardboard signs I see no groups addressing the G-20 meeting itself, other than the Youth Fight For Jobs’ slogans concerning the bailout. But when a motorcade passes, catcalls and jeers are heard.

It’s now 5pm and, after four hours of driving, five hours marching and one hour at the G-20, Cardiff’s Socialists are returning home. I board the bus with them and, navigating slowly through the snarled London traffic, we listen to BBC Radio 4. The news is reporting on the closure of the G-20 conference; while they take time out to mention that Canadian Prime Minister Stephen Harper delayed the traditional group photograph of the G-20’s world leaders because “he was on the loo“, no mention is made of today’s protests. Those listening in the bus are disappointed by the lack of coverage.

Most people on the return trip are tired. Many sleep. Others read the latest issue of The Socialist, the Socialist Party’s newspaper. Mia quietly sings “The Internationale” in Swedish.

Due to the traffic, the journey back to Cardiff will be even longer than the journey to London. Over the objections of a few of its members, the South Welsh participants in the Youth Fight For Jobs stop at a McDonald’s before returning to the M4 and home.

Posted: July 23rd, 2018 by

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Five biggest US banks told to raise $74.6 billion; fail “stress tests”

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Five biggest US banks told to raise $74.6 billion; fail “stress tests”

Saturday, May 9, 2009

The five largest United States banks need a total of US$74.6 billion in extra funds to increase their cash reserves, according to so-called “stress tests” conducted by regulators to determine whether the banks have enough capital to survive the ongoing recession.

“Our hope with today’s actions is that banks are going to be able to get back to the business of banking,” said Timothy Geithner, the US Treasury Secretary.

The results of the stress-test determined that Bank of America was the bank most at risk, needing $33.9 billion. Wells Fargo will require an additional $13.7 billion, while GMAC needs $11.5 billion.

Seven other banks failed the “stress test”, including: Citigroup, Morgan Stanley, Regions Financial, SunTrust Banks, KeyCorp, Fifth Third Bancorp, and PNC Financial Services.

Nine other banks that underwent stress tests, such as Goldman Sachs, JPMorgan Chase, Bank of New York Mellon, MetLife, American Express, State Street, BB&T, US Bancorp and Capital One Financial, were found to have enough capital in case the recession deepens.

Those banks that need extra money will be set a June 8 deadline to draw up their plans to raise the additional capital and have regulators approve them.

Posted: July 23rd, 2018 by

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Colleges offering admission to displaced New Orleans students/OH-WY

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Colleges offering admission to displaced New Orleans students/OH-WY
See the discussion page for instructions on adding schools to this list and for an alphabetically arranged listing of schools.

Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.

Contents

  • 1 Overview
  • 2 Ohio
  • 3 Oklahoma
  • 4 Oregon
  • 5 Pennsylvania
  • 6 Rhode Island
  • 7 South Carolina
  • 8 South Dakota
  • 9 Tennessee
  • 10 Texas
  • 11 Utah
  • 12 Vermont
  • 13 Virginia
  • 14 Washington
  • 15 West Virginia
  • 16 Wisconsin
  • 17 Wyoming

Posted: July 23rd, 2018 by

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Colleges offering admission to displaced New Orleans students/AL-KY

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Colleges offering admission to displaced New Orleans students/AL-KY
See the discussion page for instructions on adding schools to this list and for an alphabetically arranged listing of schools.

Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.

Contents

  • 1 Overview
  • 2 Alabama
  • 3 Alaska
  • 4 Arizona
  • 5 Arkansas
  • 6 California
  • 7 Colorado
  • 8 Connecticut
  • 9 Delaware
  • 10 District of Columbia
  • 11 Florida
  • 12 Georgia
  • 13 Hawaii
  • 14 Idaho
  • 15 Illinois
  • 16 Indiana
  • 17 Iowa
  • 18 Kansas
  • 19 Kentucky

Posted: July 23rd, 2018 by

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Aerosmith sued over late cancellation of gig in Maui, Hawaii

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Aerosmith sued over late cancellation of gig in Maui, Hawaii

Sunday, October 21, 2007

Fans of the American hard rock band Aerosmith have launched legal action against the band in response to a late cancellation of a scheduled concert on the Hawaiian Island of Maui.

Attorney Brandee Faria filed a class action suit in Hawaii Circuit Court on October 19. The suit alleges that the band’s cancellation cost fans between US$500,000 (€349,944) and $3 million (€2.1 million) in travel and accommodation costs, as well as other related expenses.

The sold-out September 26 Maui concert – originally planned months before as the final show of a world tour that began in Brazil in April – was canceled by the band on the basis that they could not make it to the island in time after a September 24 concert in Chicago. The Chicago concert, which attracted 18,000 people, was rescheduled at the last minute after the original September 10 concert date had been postponed due to illness.

The band canceled the show at Maui’s War Memorial Stadium, which was set to be attended by 9,000 people, and apologized to fans. The band’s management company, HK Management Inc., gave no initial reason when they canceled on September 20, but blamed logistical reasons by the next day.

However, just days later, on September 29, the band traveled to the neighbor island of Oahu to play a corporate event in Honolulu for Toyota car dealers and private guests. An audience of 6,000 people celebrated the 50th anniversary of the Japanese automobile manufacturer at the University of Hawaii, with Toyota paying $500,000 (€349,944) to hire the campus. Aerosmith received $1 million (€700,000) to perform at the event. Faria alleges that Aerosmith abandoned the scheduled public concert on Maui in favor of the more lucrative corporate event on Oahu.

“…Defendants simply canceled the only public performance by Aerosmith in favor of the larger Chicago venue and the lucrative, private concert for the Toyota car dealers,” the complaint states.

Local officials had hoped the concert would attract other big names to the island.

Faria said that “I’ve had people contact me being out of pocket at much as $800 or $900,” adding that if the cancellation is found to be deceptive ticket holders may be eligible for a minimum of $1,000 each. The complaint also says that those aged 62 or over should receive at least $5,000 each. Currently about a dozen ticket holders are involved with the suit. If the action is approved by a judge, steps will be taken to contact everyone who purchased a ticket.

Posted: July 22nd, 2018 by

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New ring discovered around Saturn, could explain dark side of its moon

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New ring discovered around Saturn, could explain dark side of its moon

Wednesday, October 7, 2009

Astronomers have found a huge new ring around the planet Saturn. The faint dust ring extends up to 7.4 million miles (12 million km) from the planet and could fit over a billion Earths inside it, making it the largest in the Solar System. It could also solve a mystery about one of Saturn’s moons that has puzzled scientists for centuries.

The ring was found with the help of NASA‘s Spitzer Space Telescope, with details published today in the journal Nature. It is thought to consist of ice and dust from Saturn’s moon Phoebe, which is kicked up by collisions with comets and then drifts in towards the planet. The ring and moon both orbit in a plane inclined at 27 degrees to the other rings.

“This is one supersized ring,” said Dr Anne Verbiscer of the University of Virginia, one of the authors of the paper. Of Saturn’s other rings, the largest is the E-ring, a mere 150,000 miles (240,000 km) in diameter. Jupiter also has “gossamer rings” of a similar diameter to the E-ring. If the Phoebe ring was visible from Earth, it would appear twice as large in the sky as the full Moon.

However the newly found ring is extremely faint. It is made up of dust particles around 10 microns (thousandths of a millimetre) in size, and according to Verbiscer, “In a cubic km of space, there are all of 10-20 particles.” This explains why it has evaded discovery until now. “If you were standing in the ring itself, you wouldn’t even know it.”

The Phoebe ring does not reflect much visible light, but the Spitzer telescope was able to pick up the dust’s faint infra-red glow. The telescope, launched in 2003, orbits the Sun and is roughly 66 million miles (107 million km) from Earth. It is one of NASA’s four Great Observatories.

The discovery could also finally account for the unusual appearance of Iapetus, another of the planet’s moons. When Iapetus was first observed in 1671 by astronomer Giovanni Cassini, its leading side was seen to be much darker than the other. Until now scientists had been unsure why this was. Now it is thought that the moon orbits in the opposite direction to the ring, and as Iapetus moves through the ring, dust builds up on its front surface. Verbiscer likens it to “bugs on a windshield.”

“Astronomers have long suspected that there is a connection between Saturn’s outer moon Phoebe and the dark material on Iapetus,” said Douglas Hamilton, another author of the paper. The material has been found to have a similar composition to Phoebe’s surface. “This new ring provided convincing evidence of that relationship.”

This is the second major discovery for astronomers studying Saturn in the past month. In September, evidence from the Cassini orbiter showed that Saturn’s other rings were far less flat than expected.

Posted: July 22nd, 2018 by

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Early morning fire kills four New York group home residents

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Early morning fire kills four New York group home residents

Sunday, March 22, 2009

After an early morning fire began, four out of the nine people living at the Riverview Individual Residential Alternative group home located in Wells, New York were killed by the blaze. The Sunmount Developmental Disabilities Services Office, which supervises the home, told the media that the fire started at approximately 5:30 AM Eastern Daylight Time. Two staff members were at the home at the time, who safely evacuated four of the five survivors.

The names of the residents killed in the fire were not able to be released due to New York’s Mental Hygiene Law, but are able to be identified as two adult men, aged 32 and 52, and two adult women, aged 43 and 60. A 71-year-old male was injured in the fire, and was taken to a hospital in Utica, a nearby city. The other four residents have been relocated to an unnamed group home. Both staff members are also being examined at the hospital.

“On behalf of all New Yorkers, I wish to extend my heartfelt condolences to the families, loved ones and friends of the four victims and to continue to pray for the full recovery of those five people and two staff members who survived this incident. I also want to express my thanks and appreciation for the first responders and volunteers who worked swiftly and diligently to respond to this tragedy,” David Patterson, the governor of New York, said to the media.

The exact cause of the fire has yet to be determined. However, the New York Civil Liberties Union stated that “the blaze appears to have been an electrical fire and the sprinkler system was knocked out immediately.” They also called for “an immediate investigation into the causes of and contributing factors of the fire.”

The New York State Department of State Office of Fire Prevention and Control is currently investigating the causes of the blaze, with help from New York State Police Bureau of Criminal Investigation and the New York State Commission on Quality of Care and Advocacy for Persons with Disabilities.

Posted: July 22nd, 2018 by

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A Cash Advance Online Does Not Follow \”Payment\” Method Mentality

A Cash Advance Online Does Not Follow \”Payment\” Method Mentality

by

Holly Petherbridge

Can you afford a new line of credit or a cash advance online in order to spend extra cash? How will the payoff affect the rest of your budget? Is it possible to change the way you think about your finances in order to create a successful financial future?

Carrying the \”payment\” mentality when it comes to budgets makes it easy to convince yourself that you can afford to make additional purchases. The credit card companies have earned billions of dollars off of people who think that way. \”I can afford a twenty dollar payment each month\” and keep thinking that year after year, all those $20 payments could have been used elsewhere.

[youtube]http://www.youtube.com/watch?v=qa-R7jRbzPo[/youtube]

Taking on additional payments each month may seem like a good idea at the time of purchase or payment, but long-term payment plans only leave room for error. If the purchase is a need, sometimes you have to do what you have to do to make things work, but letting it hang around for a long time is not something you have to do. What is the big deal? Well, who says a few months down the road that another emergency cost won\’t sneak in? When you have been making minimum payments which mostly cover the interest charged to the account each month, the payments keep adding up. Planning your monthly expenses to exclude all those small payments will free up income to pay emergency costs. If you can pass up on a few of those purchases which are not time sensitive and place that money into a savings account, you will be able to refocus the way your budget works.

Save those credit cards for the real emergencies. An unplanned trip to the doctor or needing to replace tires is two examples of money well spent. Charging for items with no long-term purpose will make you pay beyond the value. Using a credit card to dine out is always convenient. Paying for that $50 dinner over the next few months only adds to the cost of the meal. If the dinner was the only item on the charge card, it may not be such a bad idea. Most often, a credit card will have multiple charges on it and it will continue to be used. These types of revolving accounts are very profitable.

Cash advances are a great way to support some extra payments but do not fall into the \”payment\” method mentality. They are designed to receive payment in full, the loan amount plus fees within the next couple of weeks. On average the term of the loan will run 14 days or according to your pay cycle. Once the loan is paid, the deal is done and there are no future monthly costs. When people use cash advances as another alternative to credit cards find out quickly that these short-term loans are too expensive to make them long-term.

Start saving money towards into an emergency slush fund. This money can be used when emergencies arise. Using your own money is a cheap way to solve financial troubles.

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promotes responsible borrowing to keep your debt from raging out of control. Use cash advances in those emergency situations in between paychecks and keep your budget on target. Visit

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Article Source:

ArticleRich.com

Posted: July 21st, 2018 by

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