Added: (Sat Jun 16 2012)
Pressbox (Press Release) - On the actual economic context, when jobs are low-paid and harder to find, people need to practice some extra activities to increase their incomes. So here comes the question: have you heard about Forex?
It is a great solution for those who want to make money on their own, and it actually helped a lot of people to enrich. The good news is that it is now available to everyone, thanks to our new website forex-currencytrading.com. Ore exactly; this website represents a great opportunity for anyone who wants financial independence and is decided to start trading Forex.
This site was created because polls show that people would like to start a business on their own, and be free of any external controls. So, those who started the idea of this site tried to answer at the following questions: What do people want? How many people have heard about Forex currency trading? Who would like to trade Forex? What do people have to know before throwing their selves into the Forex currency trading world? How could we make the financial information more accessible and enjoyable?
Those are the principles on which the articles written on this site are based, because they try to be the answer of all those questions and to cover the whole Forex information that a future trader needs to know.
So, this website wants to initiate beginner traders in the Forex currency trading market and to educate them, so that they could become professional traders in the future.
The articles treat different themes and subjects: the first ones are created like a many-steps introduction into the Foreign Exchange market, where readers can find out what Forex is, how does it work, how they could become traders, which are the risks and which are their chances to enrich.
The following articles present more-detailed subjects, such as the explanations of financial instruments, different types of market analysis, the trading options, determinants of exchange rates, choosing a Forex broker, or working with a Forex robot.
Of course, the site has a interactive interface, that allows readers to leave comments, where they can ask questions, they can give advices, they can appreciate an article`s quality and so on.
For the moment, the website has only three categories: “home”, where there are the articles posted, “contact” page, where people find a contact form that they can complete and send a message to the editorial, and “partners”, where there are mentioned the collaborators of the site.
There is also a search engine on the site, which is created to make things much easier for the readers.
The articles are written in a very objective manner, so the readers can decide by themselves which trading option is the best for them.
The idea is this site to be like an online manual for those who don`t know anything about currency trading, but want to become professional traders in the close future. It is billed as a blog, where people can interfere with the writer and it has a very simplistic language.
Submitted by:Andrei Ionescu Find out more.CITY MONEY MEN BURN MIDNIGHT OIL IN FEAR OF GREEK APOCALYPSE NOW - express.co.uk
While Greece has a small economy, worth just 172.9billion, a disorderly default and an exit from the euro could have big consequences around the world. Thursdays Mansion House speeches by Chancellor George Osborne and Sir Mervyn King, governor of the Bank of England, show how they fear the eurozone storm.
This week the BoE will begin offering UK banks 5billion a month of cheap funding to help them survive problems caused by the eurozone. Sir Mervyn also hinted that central banks in the US, UK and Japan could take co-ordinated action to flood the markets with billions in cheap finance to stop the global economy seizing up and keep banks afloat.
For Britain, hopes of a trade-led recovery have long passed because of the EUs troubles. Our trade deficit jumped last week, in part due to a 6.8 per cent fall in exports to Europe.
If a large eurozone economy is engulfed, the Office for Budget Responsibility says it could lead to two full years of recession in Britain, shrinking the economy by 1.9 per cent in 2012-13 and 0.2 per cent in 2013-14. A Greek euro exit could also mean a further 121billion loss on money loaned and pledged to finance the euro, the Bruges Group think-tank has said.
The resulting collapse in market confidence would send share prices plummeting around the world, hitting pension pots and savings.
Billy Burrows, of the Better Retirement Group, said anyone buying a 100,000 pension annuity will get 10 per cent less for their money than a year ago because of falling gilt yields. A Greek exit could also lead to a run on European banks, especially in Portugal, Italy and Spain, where the banks received a 100billion euro bailout only last week.
If no party wins today, coalition talks could drag on for weeks, destabilising markets and forcing central banks to pump billions into the banking sector to stop a new credit crunch.
With so much riding on such a small state, the outcome of todays elections in Greece will be watched nervously around the world.
Cartel money laundering cases tough but critical - Miami Herald
McALLEN, Texas -- When it comes to arresting drug traffickers and dismantling organized crime, the investigation into a U.S. horse racing operation allegedly laundering money for one of Mexico's most powerful cartels is rare - and difficult to prosecute.
Unlike most drug busts, the backbone of sophisticated money laundering cases is a complicated trail of paper - reams of bank, tax and property records - that usually take years to track. But hitting organized crime where it hurts the most - the money flow - is the most effective way to shut the crime networks down, investigators say.
"The money is much more valuable to the trafficker than the drugs are," said John Kirby, a former federal prosecutor in San Diego, who worked on money laundering cases against the Arellano-Felix cartel, among others. "If you want to hurt these guys that's how you do it, because that's the end product. That's what they really want. And if you can try to take that away, then you're really having an impact."
During his 10 years in the U.S. Attorney's office, Kirby said he prosecuted hundreds of drug traffickers. "I had eight good money laundering cases. They're just hard."
Chasing organized crime's money flow isn't a new tactic. The same racketeering laws being used against Mexican cartels today are the ones that targeted the mafia in the 1970s. Money laundering was spelled out as a federal crime with a 20-year maximum sentence per count in 1986 as law enforcement officials increasingly recognized that just seizing the drugs wasn't enough to bring down traffickers.
In this latest case, federal agents raided an Oklahoma ranch, a New Mexico quarter horse race track and sites in Texas on Tuesday, alleging a brother of a leader in the Zetas drug cartel was using a horse-breeding operation to launder money. Millions of dollars went through the operation, which bought, trained, bred and raced quarter horses throughout the southwest United States, the indictment says.
Eight people were arrested, including Jose Trevino Morales and his wife in Oklahoma. Two of his brothers and four others remain at large.
"That case will be a model, a blueprint for a long time to come of how we need to take on these 21st-century criminal techniques," said Douglas Leff, who was chief of the FBI's Asset Forfeiture and Money Laundering Unit before recently returning to New York. He expects more cases because of a 2010 Mexican banking law that makes it difficult to deposit U.S. dollars into accounts across the border. That means cartels will do more money laundering in the U.S., he says.
"If we can follow the money successfully, that's going to be the avenue that leads us to the top of the food chain rather than somebody who's just a trusted manager," said Leff, who spent some time on the case while at headquarters.
The government's investigation into the horse operation began in January 2010 with a tip from an informant in Mexico that two Trevinos at the top of the Zetas organization were the real buyers behind two quarter horses that sold for more than $1.1 million at an auction in Oklahoma City, according to court records. The IRS had its own investigation of Jose Trevino, and the investigations merged in February 2011.
Usually the drug cash was smuggled back into Mexico and run through currency exchanges for an initial rinsing. Then the Trevino brothers recruited Mexican businessmen to wire payment or write checks for horses bought in the U.S. to make the transactions appear legitimate. They would reimburse them in cash. At other times, workers for the Zetas' Dallas cocaine distributor passed drug cash directly to Jose Trevino - at least once at a Wal-Mart outside Dallas - cutting out the return trip to Mexico, court records say.
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