- Created on Tuesday, 17 September 2013 17:43
No matter the size of the firm, many businesses regularly face cash shortages. When small or new businesses face such a squeeze the options are more limited. But if the business has accounts receivables, which is an asset that can be sold, "factoring" may be an option.
Factoring entails the business selling its accounts receivables at a discount to a third party known as a factoring company. The discount is the incentive for the factoring company to take a risk by advancing money on the receivables.
In a normal factoring deal, there are three participating parties: the business selling the accounts receivable, the one buying the accounts receivable (the factoring company), and one who owes the accounts receivable (customer of the seller or the debtor). The accounts receivable usually have to be owed by a dependable verifiable source that has a credit rating worthy of the factoring company its money
- Created on Tuesday, 17 September 2013 17:38
If you expect retirement income from a pension and Social Security, congratulations! These two income streams, along with your retirement savings, could put you on a comfortable financial footing. However, you might not be aware that your pension could affect your Social Security benefits.
Private-sector workers who earn a pension typically pay Social Security payroll taxes, in which case the pension should not affect their Social Security benefits. However, an issue arises when someone receives a pension based on earnings in which Social Security taxes were not paid — typically from a federal, state, or local government, a nonprofit organization, or an employer in a foreign country — and the individual is also eligible for Social Security benefits based on employment from other jobs. In these situations the Social Security benefit may be reduced by the Windfall Elimination Provision (WEP).
- Created on Tuesday, 17 September 2013 09:52
Former Speaker of the House of Representatives Newt Gingrich talks about his new duties as co-host of CNN's "Crossfire," a political talk show airing weekdays. (Check local listings).
Kam Williams: Hello, Mr. Speaker, I'm honored to have this opportunity. Thank you.
Newt Gingrich: Well, thank you, Kam. I'm delighted to have a chance to chat with you.
KW: What interested you in hosting "Crossfire?"
- Created on Thursday, 12 September 2013 17:42
In October of 2002, the entire Washington, DC area was practically paralyzed by a series of sniper attacks that was difficult to solve because the murderers didn't fit the typical serial killer profile and there was neither rhyme nor reason for how they picked their victims. Plus, the shooter's perch was inside the trunk of a car, a blue Chevy Caprice with a peephole bored out of the trunk.
That not only afforded the pair plenty of cover but enabled them to make a fast getaway from the scene of each crime. Meanwhile, the general populace waxed hysterical, having no idea from which direction the next bullet might come.
If you're interested in understanding what motivated the two madmen behind the bloody spree, then Blue Caprice is designed with you in mind. Directed by Parisian Alexandre Moors, the movie co-stars Isaiah Washington and Tequan Richmond as John Allen Muhammad and Lee Boyd Malvo, respectively.
- Created on Thursday, 12 September 2013 14:42
It's back-to-school time and students are faced with so many weighty challenges – what clothes to wear, food to eat, which hair style is best, who to hang out with and the perception of peers.
What happened to the good old days when a child could just be child? Back then a lot of these concerns really didn't matter as much because everyone tended to look and dress alike. People bought their clothes from the same five-and-dime store.
It was a rare occurrence that someone missed school or was sick. If that happened, someone went out the way and checked on them; and usually there was a health situation going on, but not for long.