Join our network of non-profits, companies and individuals who believe social change can happen through design.

Become A Member
avatar

Michael Aldrich

Bucharest, Romania

None

Member since September 10, 2013


  • Financial_tips_for_boomers_looking_to_retire_abroad_177_

    As baby boomers continue to redefine retirement, many are looking to settle abroad to launch the next chapter in their life.

    Whether you are seeking a warmer climate, better tax advantages or more adventure, financial planners say retiring to a foreign land can present a number of financial challenges.

    To help create a retirement guidebook for boomers looking to leave the country to live out their golden years, I spoke with Michael Ward, CEO of USForex - North America and Europe, who detailed how retirees can preserve their income and avoid losing money when living abroad. Here’s what he had to say:

    Boomer: How can baby boomers retiring abroad avoid transferred retirement funds being hit by exorbitant bank fees?

    Ward: The good thing for anyone looking to transfer money overseas is that there are plenty of providers to choose from. Among these, many low-cost options from reliable non-bank providers are available to convert your U.S. dollars into foreign currency.

    The exchange rate for your transfer can and does vary between providers, so be sure to compare the total cost of your international money transfer. Make sure to ask providers beforehand for the "customer rate" and their fees so you can identify the best pricing options for your budget.

    Also, ask if you can lock in a binding exchange rate today for a future transfer. If the exchange rate is in your favor that month, the binding exchange rate may save you a little extra.

    Finally, it’s important to f...

  • http://www.independent.co.uk/news/uk/politics/google-attacked-by-mps-for-failing-to-cut-piracy-sites-from-its-search-results-8839707.html

    Google is accused by MPs of jeopardising thousands of British jobs by failing to block websites providing illegal downloads of music and films.

    In a scathing report, the Culture, Media and Sport select committee condemned the internet giant's “derisory” efforts to tackle online piracy and denounced its explanation for its inaction as “flimsy”.

    It said the creative industries were worth £36bn a year to the British economy and employed 1.5m people, but warned that would be put at risk if they could not rely on tough intellectual property safeguards.

    The industry estimates that piracy costs it £400m in lost revenues a year. More than one-third of films watched online are viewed unlawfully and £1bn-worth of music is illegally downloaded annually.

    The committee reserved its strongest words for Google, accusing it of failing to explain why its search engine still directed people to websites flouting copyright rules and challenging it to remove more illegal sites or to demote them down lists of search results.

    It criticised the company for its “evident reluctance to block infringing websites on the flimsy grounds that some operate under the cover of hosting some legal content”.

    John Whittingdale, the committee's chairman, said: “The continuing promotion of illegal content through search engines is simply unacceptable and effo...

  • Source link: http://www.bloomberg.com/news/2013-09-09/bershidsk-ys-view-from-europe.html

    Investors pour money into European securities.

    According to Goldman Sachs research, U.S. pension funds and other institutions invested $65 billion in European equities in the first half of 2013, the highest since 1977 in that period. Now, there is a boom in European corporate bonds: In the last two weeks, $29 billion has been invested in 39 issues of these securities. Switzerland's Nestle and Norway's Statoil were among the issuers, raising a combined $2.4 billion. Europe is clearly the new investment fashion, even though equities have appreciated significantly since last year and worries about the state of the European economy have not been dispelled. Investors now fleeing emerging markets to invest in Europe may soon have to deal with a ripple effect, though: A third of the big European companies' revenues come from emerging markets.

    Russian opposition in biggest electoral success since before Putin.

    About 7000 election campaigns ended in Russia on September 8, the biggest of them for Moscow mayor. Kremlin appointee Sergei Sobyanin narrowly avoided a second round of voting against opposition leader Alexei Navalny, who is refusing to recognize the result, claiming fraud. In at least four cities, including the important city of Yekaterinburg in the Ural Mountains, President Vladimir Putin's United Russia party suffered defeats. Western-style election campaigning and public politics ar...