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Wednesday 30 May 2012

Are you raising selfish kids?

Most children are egocentric, more so in these modern times. There are ways to get them to see the world beyond themselves.

YOU often hear parents complaining about how today’s children are not as obedient, thoughtful and polite as those of previous generations.

This is especially true in Generation Y and Z kids, who are also known as “Generation Me”. Generation Y and Z includes those born in the digital age and who have been familiar with using smartphones, the Internet and digital gadgets from a young age. There are varying opinions on when exactly the generation began. Some say those born in the 1980s onwards while others point to the 1990s or even the noughties.

Gen Y and Z children have a greater sense of entitlement, demand for instant gratification and generally disregard others’ needs. In simpler terms, they appear to be more selfish than kids in generations before them. It used to be family first, community’s interests, and country’s pride. Now, it is “me” first.

Get this: The GoGetter — Land & Water puzzle will be yours if you come up with the best story on ‘Games/puzzles my kids love to play’ for June.
 
With all manner of advertising being thrown at us these days, it is not surprising that children don’t always know how to separate wants and needs. They seem to think they need a lot of things, with some even believing they have the right to demand for materialistic possessions. Parents who overindulge their children will give them the impression that they are entitled to these luxuries.

If a child is selfish in nature, he or she will not know how to care for others and this will eventually lead to social and relationship problems.

ParenThots shares some methods to ensure your child sees the world beyond himself or herself.

Book reviews 

Geronimo Stilton is the Famous Five of the 21st century. The comforting news is that the English in the book series is sound, the stories set in various countries offer lessons in Geography and culture, and at least your kids are reading! Definitely recommended.

Childhood Allergies is written simply so that parents can get a clear idea of what allergies are about and what symptoms to look out for.

Bully stories 

There are quite a few bully stories this week, including one from a man in his 60s who says he still can’t forget what happened when he was six years old as well as a letter to bullies from a former victim.

The voting for the best bully stories ends tomorrow. So, do click on Like at the end of the story or on the post about your favourite bully story on the ParenThots Facebook page (facebook.com/parenthots).

Father’s Day contest 

This is the last week to win a netbook computer for your dad through the Dad Deserves An Asus contest. Just log in using your Mystar ID, answer the three objective questions and complete the sentence: “Dad needs an Asus netbook because ...”

You can enter to win for your husband, father or even yourself (if you are a father). The prize should go to a father. We will check!

The contest closes June 3.

Win a puzzle 

If your child loves puzzles and games, you will want to know about the Win A Puzzle promotion. Just write in about the topic of the month (the topic changes every month) and you stand a chance to win a puzzle. There is only one puzzle to be won every month. The puzzles are sponsored by educational toys company BRAINet.

For June, the title to write on is “Games/puzzles my kids love to play” and the word limit is 700. The prize for June is the GoGetter – Land & Water.

The last day to send in entries is June 20. Go to ParenThots for more details.

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Jun 29, 2011

China, Japan to launch yuan-yen direct trading

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Trade between Asia's two largest economies is about to get a whole lot easier. China's central bank confirmed Tuesday that the country will allow the direct trading of its currency against the Japanese yen starting Friday.



This makes the yen the first major currency besides the US dollar that can be directly traded with the RMB. The move is part of efforts made by China and Japan to strengthen cooperation in trade and financial markets. And it’s a huge step forward for the internationalization of the yuan.

After some excitement in the Asian markets yesterday. The People’s Bank of China confirmed on Tuesday that China and Japan will start to directly trade their currencies in Shanghai and Tokyo from June 1. The move will shore up trade and financial ties between Asia’s two biggest economies, and also marks another step to raise the yuan’s international role.

Japanese Finance Minister Jun Azumi, who announced the decision in Tokyo, stressed the cost benefits behind the move.

Azumi said, "By conducting transactions without using a third country’s currency, it will bring merits of reducing transaction costs and lowering risks involved in settlements at financial institutions. It will also contribute to improving convenience of both countries’ currencies and reinvigorate the Tokyo market."

The step eliminates the US dollar’s monopoly position to set the exchange rate between the two currencies, and follows a deal struck by the leaders of the two countries in December.

Experts say it’s an important move towards the internationalization of China’s yuan currency.

Professor Ding Zhijie, dean of School of Banking & Finance, UIBE, said, "It raises the convertibility of the yuan. And I believe the yuan trading will be accepted by more Asian economies as well as the international markets. It will also push forward the internationalization of the yuan."

Several banks in the two countries, including Bank of Tokyo-Mitsubishi UFJ and Bank of China, will start the direct trading.

Huang Jiaying, trade with Bank of China said, "The move will likely make the yuan accepted by more Japanese investors as well. It will also help boost the possibility of the yuan becoming an internationally-settled currency, which is an important move of propelling the yuan to become an international reserve currency."

And Japan, which in March pledged to buy about 10 billion US dollars of Chinese government debt, is the first economy to connect with China’s yuan. The move is likely to strengthen ties with its biggest
trading partner.

Japan, China to shore up yen/yuan trade
Japan, China to shore up yen/yuan trade

Japan and China will start trading their currencies directly in Tokyo and Shanghai from June 1 in a move that shores up trade and financial ties between Asia's two biggest economies and also marks another baby step to raise the yuan's international role.

The step eliminates the use of the dollar to set the exchange rate and follows an agreement struck by the leaders of the two countries in December, which also involves Japan buying Chinese government debt and efforts to forge a free trade pact between China, Japan and South Korea.

"This is part of China's broader strategy to reduce dependence on the dollar. The yen has been chosen because of large trade flows between the two countries," said Dariusz Kowalczyk, senior economist and strategist at Credit Agricole CIB in Hong Kong.

"Volumes of currency trading on shore are small, but this could lead to an expansion of trading with other currencies. It would be easier for China to expand into other Asian currencies."

Japanese Finance Minister Jun Azumi, who announced the decision in Tokyo, stressed the cost benefits of the move.

"By conducting transactions without using the third country's currency, it will bring merits of reducing transaction costs and lowering risks involved in settlements at financial institutions," Azumi told reporters after a cabinet meeting.

The People's Bank of China noted benefits for mutual trade, but also tied the decision to China's drive to boost the use of the yuan as a settlement currency for trade and financial transactions.

"Developing the direct yuan/yen trading will help form the direct yuan/yen exchange rate and reduce the trading cost for entities and promote the use of the yuan and yen in bilateral trade and investment as well as help strengthen financial cooperation between the two countries," it said in a statement.

A separate statement issued by the China Foreign Exchange Trade System said it will provide a market-making system for direct yuan/yen trading.

Until now yen-yuan rates were calculated on the basis of their respective rates against the dollar, so the move is expected to narrow trading spreads, lower transaction costs and allow more trade deals to be settled directly.

For Japan, which in March pledged to buy about $10 billion of Chinese government debt, becoming the first major economy to do so, the move could strengthen ties with its biggest trading partner.

Despite sometimes rancorous political ties between the two neighbours, Japan's economic fortunes are increasingly tied to China's economic growth and consumer demand.

Dealers in Shanghai said the near-term effect would be probably higher trading volumes and lower costs.

"Direct yuan-yen trading is likely to cut trading costs, boosting yuan-yen trading liquidity," said a dealer at a foreign bank. "Most yuan trading against the yen now goes through the dollar, because traders refer to dollar-yuan value to price yen-yuan."

But some played down the broader impact.

"From what I can see, it doesn't actually include any opening up of the capital account at all. It just allows a direct cross to be traded rather than actually increasing the amount of flow that can happen onshore to offshore," Dominic Bunning, currency strategist at HSCB in Hong Kong, said.

"It seems to be more of a technical issue rather than a major development."

The move to facilitate yen-yuan trading and the debt deal are part of Beijing's long-term efforts to elevate the yuan's status as an international currency, which so far have mainly centred on China's promotion of the yuan to settle trade.

Beijing has struck agreements with several nations from Malaysia to Belarus and Argentina on the use of the yuan in trade and other transactions. It has expanded a pilot programme started in 2009 into a nationwide one allowing firms to settle their trade in yuan.

The result has been a relative surge in the use of the currency. More than 9%of China's total trade was settled in yuan in 2011, up from just 0.7% in 2010.

Few argue against the idea that the yuan will one day become a reserve currency, given World Bank predictions that China will overtake the United States as the world's top economy before 2030. But to achieve that the yuan would need to become fully convertible and Beijing has yet to indicate any timetable for reaching that stage.- Reuters


Tuesday 29 May 2012

How this stay at home mom made $13900 monthly income? Believe it or not?


By Erica Jones

Julie investigates a single Mom who makes over $13900+/Month. She reveals her secrets to us.

Amy Livingston of Penang , 09 never thought that she would consider it, until curiosity got the best of her and she filled out a simple online form. Before she knew it, she discovered her secret to beating the recession, and being able to provide for her family while at home with her three children.

I read Amy's blog last month and decided to feature her story in our weekly consumer report. In our phone interview she told me her amazing story. "I actually make about $15,000 to $17,000 a month working from home. It's enough to comfortably replace my old job income, especially considering I only work about 15-18 hours a week from home right now.

Working online has been a financial windfall for Amy, who struggled for months to find a decent job but kept hitting dead ends. "I lost my job shortly after the recession hit, I needed reliable income, I was not interested in the "get rich quick" scams you see all over the internet. Those are all pyramid schemes. I just needed a legitimate way to earn a living for me and my family. The best part of working online is that I am always home with the kids, I save a lot of money."
"I actually make $15,000 to $17,000 a month working from home." - Amy Livingston
I asked her about how she started her remarkable journey. "It was pretty easy, I actually received an email that sparked my interest, so I went to the site, filled out a short form and signed up for a work at home program where I got instant access to everything! Since they offered a 365 Day Money Back Guarantee - I figured I really had nothing to lose. So, I started the program and within four weeks I was making over $5,000 a month. It's really simple, I am not a computer whiz, but I can use the internet. I followed the instructions, and I don't even have to sell anything and nobody has to buy anything. This is a very stable system and they are recruiting, you should try it."

Consumers purchase Billions and Billions of dollars worth of products each year online. Every time people use the internet, go on facebook or do a search, someone is making money. This program will teach you how to get a piece of this money and free yourself from the 9-5. The internet economy has grown by leaps and bounds in the recession, so why not take advantage of the gold rush? There are plenty of scams on the internet claiming you can make $50,000 a month, but that is exactly what they are... scams. From my conversation with Amy, "I am making a good salary from home, which is amazing, under a year ago I was jobless in a horrible economy. I thank God every day that I signed up for this program."
"I am making a good salary from home, which is amazing, under a year ago I was jobless in a horrible economy. I thank God every day that I signed up for this program." - Amy Livingston
Quickly, Amy Livingston was able to use the simple The Online Income System to make it out of the recession.


Amys Step by Step Guide:

Amy had never shared her story before, and with her permission, are putting it public. Here are the steps she told us to take:

Step 1
Visit the following website and review the newsletter with all the details you need to change Your life, as it has Many others. The Online Income System (Universal).

Step 2
Follow the directions and set up an account. You will then be given all the tools you need to start posting links, and making profits. Everything is tracked in a system that will show you how much money you are making (see images above).

Related links:

The Online Income System - Official Website (Rated 2011 Top Oportunity)
Discounted Promotion Ends: Thursday, May 31, 2011