What is wrong Latin American countries to be like?

As the crisis passes, the same questions are a different response when they are raised: how Latin America will face this 2009? How to grow their economies? Do any of them enter into recession?

Disconnect the famous Latin American economies that experience was just a mirage that only lasted a few months. The depth of this crisis destroyed the historic arguments with which the region to prevent a deep impact on their economies.

Latin America existed five years of growth at an average annual rate of 5%, with solid macroeconomic indicators and a strengthened domestic demand as improved social indicators (with a decrease in unemployment, reduction of the indicators of poverty and indigence and improvement of the average wage). With these arguments, it was the idea that Latin American countries could offset their inner strength (not shown, in general, signs of wear), the deterioration in the external context.

But the reality today shows that the crisis is hitting hard to the region. The crisis affected Latin American countries from multiple fronts and has also modified the internal context of Latin American economies. Thus, the crisis hit the region both from the external sector with a collapse in demand and prices, as in the financial markets with capital flight and its impact on exchange rates and from the banking sector by increasing the uncertainty and making institutions are less willing to lend. The crisis has also changed the habits of families who are more prudent in the consumption and less willing to borrow.

In my group of friends, a few days ago, I conducted a brief interview at which I have submitted (not that they would realize) and I noticed how they have changed their consumption habits and postponed major expenditures such as buying a new car or appliances. Not that I believe that my friends are a benchmark on the behavior of families in Latin America, but are in line with what is perceived at the level of macroeconomic variables that indicate a sharp slowdown in domestic demand.

International agencies have also lowered their growth projections for the region. Since the World Bank, turned down to correct the projected growth for the region. In its latest projection, the WB felt that Latin America can only grow 0.3% this year.

What caused the drastic change in the projected growth of the WB for Latin America? Worth remembering that in the month of January, the international agency had anticipated that the region would expand by 1%, whereas in the month of September 2008, their growth projections for Latin America were in the 3.7%.

Sure, the World Bank observed that not only the external environment has continued to deteriorate, but also the internal conditions of Latin American economies have experienced a decline. Is that the external impact on them has caused a vicious cycle that has affected the labor market, in turn impacting on consumption and so on to derive a greater contraction in GDP.

A little more optimistic show both the International Monetary Fund (IMF) and from the Andean Development Corporation (CAF), who argue that Latin America could achieve a growth of 1% and 1.5% this year, respectively.

Anyway, despite showing more optimistic than the World Bank, both have experienced a sharp correction in their projections of economic growth for the region.

Latin America, 2009 will be a challenging years. And according to ECLAC warns it will be even more challenging with the economic stimulus plan that Obama will impact negatively on the economies of the region seek to reduce the energy dependence and enhance productivity in the U.S. manufacturing sector. One of the most significant environmental impacts come from the clause "Buy American", considered a protectionist measure by the major U.S. trading partners.

This situation in which Latin American economies are going to think that there are no minor errors in the economic policies of these countries. However, when a revision is made, in general, the economic policy pursued Latin American governments are, with exceptions (as in the case of Argentina and Venezuela), they have followed a policy of taking care of sound macroeconomic fiscal and external performance, controlling the dynamics of inflation with a monetary policy priority on the stability and predictability of the rules to generate an environment friendly to investment.

So What is the Latin American economies have wrong? The impact of the international financial crisis on Latin America comes not from the mistakes made by governments in the region. Perhaps you may think that the lack of development of Latin American economies was that the impact appears to be greater than initially expected.

Certainly Latin American governments must work to limit the vulnerability of key sectors in their economies to limit the impact of future external shocks. For example, Chile should continue working on the energy issue, Colombia and Peru in foreign trade, Argentina to improve its infrastructure and restore fiscal discipline.

If anything should be clear that Latin American governments have implemented sound macroeconomic policies, is that they must maintain this course of action because it will enable them to ensure economic development and maintain long-term growth.

So far, the following conduct which shows that Latin American governments that seek to remain on track. Probably will not be easy to overcome so much this year, but when they do, they recover quickly without doubt the path of sustained growth.

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The price of new housing in the Region of Murcia

The price of the works of new construction has not risen much in the Murcia region and the rest of Spain.

According to the latest data from the Society of Taxation, the average price of housing free of new buildings in our region stood at the close of the last quarter of 2007 to 1682 euros per square meter, an increase of 4.3% with over the same period of 2006.

This means that the price of building new houses has grown less than elsewhere in Spain, where this increase has been 5.1%, ie 0.8% above the figure recorded in the Region of Murcia .

The autonomous communities in which it has risen over the price per square meter were Catalonia, Valencia and Aragon, with increases of 8.5%, 7.9% and 7.6%. By contrast, more moderate promotions have taken place in Navarra and the Balearic Islands, with promotions that barely 1.8%.

Prices of new build in Murcia

In the Region of Murcia, one floor of new construction cost in the last quarter of 2007, an average of 168,200 euros, or 1.5% more than the value recorded in June of the same period, a relatively lower than that found in capitals such as Barcelona, Madrid or San Sebastian, where he purchased a home had an average cost of 454,300, 406,100 and 397,100 euros respectively.

Within the region, the most expensive stocks in the last quarter of 2007 for the purchase of new housing, according to data from the Society of Taxation, were Cartagena, San Javier and San Pedro del Pinatar, with an average price of 1812, 1804 and 1767 euros per square meter, followed by Murcia (1682 Euros/m2) and Lorca (1552 Euros/m2).

On the contrary, municipalities were cheaper Yecla and Jumilla, where the price per square meter stood at 1430 and 1182 respectively.

Taxation of the Company anticipated that in 2008 the price of housing, both in the first residences in the tourism and second homes, has stabilized, with increases in the CPI. In the Region of Murcia, according to the Society of Taxation, the price of new housing construction will also be maintained.

Summary Data

POPULATION SEMESTER Average value (euros / m2)
Murcia June 1656
December 1682
Cartagena June 1797
December 1812
June 1162 Jumilla
December 1182
Lorca June 1572
December 1552
Mazarrón June 1496
December 1516
Murcia June 1656
December 1682
June 1804 San Javier
December 1823
San Pedro del Pinatar June 1792
December 1767
June 1406 Yecla
December 1430

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A Meta Larger than yourself!

The successful people, financially speaking, they share one characteristic: its goals are greater than themselves. Are motivated by goals that go beyond money.

Some of these people are interested in the development of education, while others are passionate about solving the problem of poverty, the environment, orphans, single mothers, the elderly who die of hunger, and so on.

Most of these successful people are more concerned about leaving a good legacy that the brand and model of car you drive (although all managed Carraz).

My impression is that most of these people can really enjoy success once they have turned all his energy to altruistic objectives, because in the bottom of our hearts, BEYOND OUR personal needs, most of us find most rewarding on helping others.

It is certain that everyone likes to live well, have good cars, houses ... But most of the time we realized that the true meaning of success is in helping others and be able to create such joy in the faces of an orphan, an elder, the feel useful and leave our names engraved on the book of history ...

Donald Black, an expert in interpersonal relations provided challenges in their talks to the audience the following question:

"How you would feel you wash given the news that have earned $ 250 million in the lottery, but they were the only person left alive on earth?"

Obviously, his point is to emphasize the importance of "interpersonal relationships" and "sharing with others" rather than live to buy material things. Even the most selfish need to have goals that benefit others.

"GOALS HAVE SIGNIFICANT worth more than the meaning of a goal."
Directed toward other goals

When you want a new car, a mansion in Switzerland, a yacht or things like that, it will be very difficult to obtain ... as yourself, so unconscious, to circumvent these goals ... Until you create SIGNIFICANT TARGETS involving the lives of others, that's when you learn three things that I checked countless times:

FIRST: Large mansions and luxury cars does not give you no satisfaction as a fraction of what you can to share your good fortune with others.

SECOND: It is much easier to "donate" money to "manage."

THIRD: Those who are not able to strive to achieve goals far greater than buying some new assets, will not achieve their expectations and perhaps CRECER able make some money, but will never be rich ...

Can we have a highly profitable business online? Te recomiendo visites http://www.exidu.com/rossignoli and assess the business opportunity more serious and profitable in the short term you can find on the internet at this time.

Date the opportunity to know, do not miss anything ... You decide whether or not it's worth!
You can view it here.

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The Fed attempts to fix what it had previously crashed, lowering rates to 0.75.

Many causes have been sought to the turbulence that is currently suffering from the global financial system. I do not think a single fault, each should be responsible for their actions. It is clear that those who made their decisions years ago whereas borrowing rates would remain permanently at 1% acted recklessly. It was very difficult for these low levels are sustainable.

But between June 2004 and June 2006, the FED increased its 5 type of from 1% to 5%. This was probably the most irresponsible of all. You can not increase rates by 5 to 2 years and hope that everyone will be able to adapt to that quickly. The 5% is not high, but rates increased by 5 is an irresponsibility that has brought many problems which currently has the financial system.

The management of interest rates cause the economy to stability. These changes have caused such sudden effect, generating a great deal of instability. Hopefully from now the new managers to rectify the FED and bring stability to the economy, which is the mission that they are responsible.

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Buy the house after 55 years, a growing market

It will be one of the markets with greater growth potential in coming years.

For now, only there are some promotions throughout the Spanish territory, but will become an attractive market niche for a population that is aging and it occupies the 5th place in actual elderly in Europe.

The concept is not sufficiently exploited. The resort was born as a senior response to very specific needs of a group with prospects of starting a quiet life, to live in their own home with comfort, security, medical care in a family environment and an attractive range of leisure .

The senior resort, established in other countries like the United States, consisting of urban development consisting of residential houses, apartment type, or bungallows villas, built next to areas that are intended for entertainment or services.

In fact, the supply of these is one of the main signs of identity, as it provides a wide range of care services, an area of restaurants, sports areas, golf courses, security and surveillance 24 hours a day, swimming, shopping spa, shops, etc.. In short, all the elements needed to live within them.

Moreover, these complexes are located in privileged surroundings in warm climates or coastal areas with good communications by road, air or railways.

The system of exploitation of these homes usually sell, but there are other options available such as a high turnover of tenants for life or for sale, that is, he acquires the right to enjoy the apartment throughout life and after death the elderly, the center recovered well without the right to the heirs.

In Spain, this product has not yet reached maturity in other countries, it opens an interesting path to business developers.

In February 2006, a report of seven senior DBK located resorts in operation, mostly located in coastal areas.

Ciudad Patricia, for example, is one of them. It is located between Altea and Benidorm on the Costa Blanca. It consists of four apartment buildings and a variety of central services. Has a team of doctors and nurses who provide care. The homes are operated under lease and use for life.

One recent project in Vitania Resort is located in the Valle del Golf de Mijas on the Costa del Sol apartments, duplexes and triples are surrounded by an entertainment center, beauty and other sports.

Senior Resort in Murcia

Within the Region of Murcia, this concept is not yet well developed. For now, one of the few examples we find is Habitat Senior Golf Resort.

The complex is located minutes from Murcia, near the beaches of San Javier. It has more than four million square meters of green areas and golf courses.

Urbanization, aimed at this group of more than 55 years, is composed of apartments of one and two bedrooms, with prices from around 150,000 euros.

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In the Region of Murcia is cheaper to get a couple of his parents a house donated by buying directly

In the Region of Murcia is cheaper to get a couple of his parents a house donated by buying directly.

The reason lies in the tax on each transaction. In the event that the purchase will have to pay tax on capital transfers. If the grant obtained by the so-called Tax Grants. In Murcia the latter is cheaper.

The difference in economic terms can be substantial tax savings and, therefore, to obtain a housing grant is considerable.

In Murcia, also are exempt from paying this tax in the event of death, that is, done after the death, if the child is younger than 21 years.

If, on the contrary, the donation is made in life, he may be deducted up to 99% of the tax deductions resulting from applying the state and regional.

Although this scenario is not identical in all the autonomous communities. An article published by the newspaper Cinco Dias on February 4 described the asymmetric tax situation is drawn in communities such as Andalusia, Aragon, Asturias, Baleares, Cantabria, Extremadura and Galicia, where it is more expensive to receive a house from parents to children donation by a sale.

The donation can be explained as the transfer of property between two people. What is most relate this assignment among members of one family, but they may be cases where the donation is extrapolated to the field.

Legally, this process must be in writing and in the case of an immovable, in the corresponding public deed before a notary.

The differences are significant to the heritage. According to the General Council of Notaries in Spain, the gift is irrevocable, ie, once the contractor gets the house, in this case, is the owner.

It is also necessary that the beneficiary of the grant expressly gives its consent. And finally, has tax advantages, as discussed above.

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Have you manipulated the price of 3 Solaria hedge fund?

Several media reports have appeared that the sharp drop Solaria has had in recent weeks has been caused by false rumors spread by some hedge fund 3.

According to this version 3 these funds were short in Solaria. Ie, had sold shares on credit hoping that the price drop and the power to repurchase shares at lower prices, thereby gaining an advantage (legal and legitimate).

The problem is that the day Solaria presented its results for the year 2007 these were spectacularly good, making it very likely that a significant contribution subiese rather than down as expected the 3 hedge fund. If the price hike would have a strong 3 hedge fund would have had a hard loss, having to buy back the shares previously sold (exclusive lists in his possession) at prices much higher.

According to the media that have published this press release which made the hedge fund, rather than accept the loss, he was spreading false rumors on the newly published accounts were false and the company had serious financial problems.

Since these media has requested that the SEC opened an investigation to determine whether these facts are true or not and impose appropriate sanctions where appropriate.

I think the SEC is on other things. This case should investigate the ordinary courts and the police or the Guardia Civil. If true that those responsible for spreading false rumors not only to refund the money to shareholders who have been affected to sell their shares, but pay a very substantial, and above all go to jail. Because we are not talking about committing an irregularity, but to commit a crime.

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The housing bubble burst officially

That day, the property sector as a whole had a fall which occurred once every several years, which usually herald the beginning of a great movement. It was not a simple correction. Nor do I believe that the trigger was the initial fall Astroc as said in many places. Astroc is a company that does not follow any analyst who does not have a clear and understandable, not distributed dividends and deemed highly overrated (at 75 euros was a PER2006 nearly 100 times) by the vast majority of stock investors. Therefore, if the majority of investors could expect that at some point Astroc suffered a sharp correction does not seem logical to think that this correction has caught them by surprise and reacted with panic selling shares in other companies that do have a clear, shared dividends and not as absurdly overvalued as Astroc.
I think the real trigger for the correction was the TVE of the 100 questions to Rajoy, which says quite clearly on several occasions that it would open up the floor when the Government reached. Because, for me, the real estate bubble only started in the late 90's, but the day someone invented one of the biggest scams of mankind, the urban reclassified. Not that the system fosters corruption reclassified, that is designed specifically to enrich themselves through corruption.
The land market in Spain (and in most countries) does not meet the laws of supply and demand (such as markets for apples, shirts, cars, computers, shoes, etc.). But the level of corruption and totally arbitrary decisions of a small group of people who decide where to build and where not.
Currently the price of land in Spain has a very high price, but the soil is not a scarce commodity. In Spain on the ground by all parties, what remains is land that is permitted (in exchange for the bribe) to build. Currently, the soil represents about half the price of the floor, so the real liberalization of the soil would be a radical change in the valuation of property on what is known so far. The bribe is paid in the first instance the developer of the building or development, but in the end it really pays (involuntarily and unknowingly) is the purchaser of the floor. To this we have to add the fact that permits are usually at the rate of sales of apartments already completed, so there is no real competition between promoters and avoid the falling prices of the flats (and bribes).
A few decades ago it was very difficult to buy a car in Spain for various reasons (SEAT was a corporation with a very inefficient production that did not give enough for the demand to import a car from abroad had to apply for permission to take a long time in granted, etc.).. As a result the price of the car (taking into account inflation) was much higher than today, people who had resigned to take the car by bureaucratic problems, the choice was ridiculous compared to today, and so on. Even people who had requested the purchase of a car and when the last time, was approaching the date that you were asked to give the car that right resold at a higher price to someone who had rushed to get a car and got a benefit (legitimate, of course) in return. This situation is unthinkable today ... if we think about cars, but it is very similar to buying an apartment off plan and sell it to complete the construction thereof. That situation was "normal" until he disappeared all those restrictions, and thus the price of the car (taking into account inflation) fell dramatically. The current housing market is very similar to the one-car market today looks more like a bad dream than a reality that many people lived that every day we crossed the street.
In many places I have read that the drop in the stock market in real estate does not affect the property, but I think the reality is that more informed investors have begun to emerge strongly in the housing market. If you have started to sell shares quoted on the stock market is because they are infinitely more liquid real estate. The illiquidity of real estate is tremendous, and when the fall is generally known can be extremely difficult to sell property, even bajándoles price.
But I think a price drop siginificativa buildings would be good for the economy generally and for most of the population in the long term, but short stress and dislocation may occur if the drop is very rapid. The most affected would be those that have investments in property, but would benefit the holders of residence, business, rehabilitation of buildings, etc..
Currently the price of real estate represents a brake on the economy or even worse (by corruption, lack of transparency, etc.). The taxes.
Malaya in the operation of the property was valued at 2400 Rock famososo million (400,000 million plague). That money was paid promoters, but it really came out unknowingly from the pockets of all those who bought apartments, buildings and villas in Marbella during those years. Which means that despite the image of solidity that has the real estate investment, a very important part of the price paid for the property is not backed by something tangible and real as the sun or the building itself, but is smoke (bribes) that any day can disappear forever.

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Mark Carmine

A fine of 1,500 euros and 100 hours of work of interest was the conviction that a couple was to leave the mark of his lips in a box Cy Twombly. Art or unexpected?

Rindy Sam, a Cambodian boy, left the mark of lipstick from his lips in a table in the American painter Cy Twombly that was exposed in the French city of Avignon. By its action, the couple was sentenced by a French court to pay a fine of 1500 euros and perform 100 hours of work of general interest. In turn, Sam will pay a symbolic euro to the artist for the damages it caused.
Twombly, and demanded compensation was "horrified" by the kiss that the stain left on your table, immaculate white. In defense, the couple argued that the kiss was "an act of love and an artistic act."
The controversial "kiss" came into question when the picture was exhibited at the Collection Lambert in Avignon. The owner of the work, Yvon Lambert, will receive 1,000 euros for moral damage, despite having demanded two million euros corresponding to the canvas, which is part of a triptych called "Phaedrus." For its part, the Collection Lambert, had requested 33,440 euros to cover the costs of restoration, but we only get 500. The defense challenged this latter amount, so the final decision was postponed for next February 28, 2008.
Cy Twombly is a veteran American painter and sculptor. Born in 1929 in the city of Lexington (Virginia State), studied at the Art Student's League in New York and the "Black Mountain collage, after a great journey through the Mediterranean basin that marked his poetic connection with the myths and traditions of old, in 1957 fixed his residence in Rome. He is known for his personal style from a fast graphics and expressionist gestures accentuated with strokes similar to a write intelligibly.
Action ¿amor? ¿Artistic intervention?, Whether or not the reality indicates that the table is no longer what it was and that the unexpected can be everywhere even in a thoroughly careful exposure. If you need information on life insurance, car, housing, mortgage or health do not hesitate to use the portal mejoresofertas-seguros.com. On this site you will find all items to choose the insurance that best suits your needs and your pocket.

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Sleep thief

In Bosnia, the police arrested a thief who fell asleep during a robbery.

The police Masglaj, a village in central Bosnia said in a statement that a thief was caught after he fell asleep on the couch in the house he was robbing.
The individual, who was identified only as M. Edin, has 21 years, and stole items from the house, but soon decided to take a nap on the sofa.
The landlord came, he saw the intruder sleeping in his couch and called the police. The thief confessed to having broken into the house to steal, and in fact, when arrested were still in possession of two bracelets and an earring that belonged to the family of the injured home. Police said in a statement, the subject "saw the couch and decided to rest a while and fell asleep."
Nobody is immune from the unforeseen, robbery and death, the owner of that house was lucky because this thief was rather lazy and not even taken seriously theft. But if the robbers were more professional and certainly a good security alarm can give is needed.
On this day, finding safety in the home or a trip, either on holiday or car, are factors of everyday life and not have to exclaim: "What a mouth Grandma got so big!" -- Little as it is best to advise whether before hire insurance. If you need information on life insurance, car, housing, mortgage or health do not hesitate to use the portal mejoresofertas-seguros.com. On this site you will find all items to choose the insurance that best suits your needs and your pocket.

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Assault with a bow and arrow

In Italy, a man tried to rob a gas station armed with a bow and arrow and was arrested by the police.

The Italian police arrested a man for an attempted assault on a gas station armed with a bow and arrow. "Give me money or I will shoot this arrow," said Marco Verdi displaying their unique weapons.
Verdi was a man of 29 years and was arrested in the Italian city of Varese after threatening the cashier of the service station with his gun pointing directly to the neck. However, the employee, accustomed to such incidents but with a little more sophisticated weapons, managed to jump over the strange thief, and fell rioja rioja remained dominated until the arrival of the police officers. So finally, frustrated robber was taken to the police station where they were expected to be tried by the unusual attempt at theft.
Nobody is immune from the unforeseen, robbery and death, and either with a bow and arrow, a weapon or a more modern and secure a good alarm can defend this kind of unexpected and nail. Is that, today, finding safety in the home or a trip, either on holiday or car, are factors of everyday life and not have to exclaim: "What Grandma got so big mouth "Little-like-it is best to advise whether before hire insurance. If you need information on life insurance, car, housing, mortgage or health do not hesitate to use the portal mejoresofertas-seguros.com. On this site you will find all items to choose the insurance that best suits your needs and your pocket.

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The salary you deserve

Often found in many books on financial education indicate that wealth is achieved by controlling our expenses, rather than increase our profits, and of course this is very true, we can make lots of money but if you spend more than we receive, we definitely will not be rich. However, for many it is practically very difficult to save, but we propose, or perhaps save a little. So how quickly can we do to earn more money? The answer is to have the habits, beliefs and appropriate tools.

Most people earn between ten and thirty per cent less than they could earn if you just take control of your career. David Bach, the author proposes a simple set of rules, to retake control and achieve our financial success, which I consider to mention the most important.

1. "What is winning now is what you accept"
Usually we complain of our work, our pay, our boss. If you believe there are other companies that pay better for what you do, update your resume and explore the option of getting a better job and salary. If you think that is worth more than what you are paying, look around you and see if it is true. If that was not quite right, at least have a good reason to stop complaining and focus on new options.

2. "Society rewards those who add value"
Many times we focus on anything else if we're doing a good job, but rather should be asked to add value to your company, if you run your own business, they want to see their clients and give them, as if an employee or employer. Search and add value to the environment, your company, its peers.

3. "See that's what makes it valuable to be unbeatable"
All have talents that make us different from other, usually something we like to do, what we are good. If you concentrate on what you like, will be unmatched in this valuable and therefore get paid for doing so.

4. "Do not waste your time on things that other people should do for you"
Time is our "active" most precious, and sometimes it does not seem to assess as such, since many times we lose by doing things that others can do. Calculate how much you earn in an hour and then never do anything so that you can pay less for another to do it for you.

5. "Wipe the dirt you have in your life"
Depending on the time management expert Jeffrey Mayer, most people spent nearly an hour a day looking for lost papers on your desk: sixty per cent of which is not necessary! This weekend dedíquese to order, starting with the drawers and ask if they have used in the last twelve months or if you have to save for legal, if the answer is no, get rid of them, do something similar in your home.

6. "Write down your goals in a place that all can see"
Consider goals and objectives is one of the most effective methods to get something and bring it to the world, is very useful because they always have, and even others can help us achieve them.

7. "Invest in yourself"
The successful people know that the power of an idea can change your life forever, so watch your education, read books, go to classes, listen to tapes on motivation or audio books. All this will help you improve your quality of life and feel happier.

8. "Learn to be a donor"
John Templeton, the billionaire investor and philanthropist of international fame, once said that the key to life is not to be an enterprising person but being a good "donor." The enterprising person looking for while the donor is more interested in, so adding value is always willing to help. People always remember this gesture and in the end as it has returned.

9. "Take a decision and is determined"
Your financial future can be modeled in the time to take a financial decision. Choose which is important in their lives, the worst is that diligence is not done. Furthermore is decided to become someone you can trust, you can gain the respect of colleagues: being punctual, having a plan of action and implement it, doing what they always said they are going to do, being polite and responsible.

10. "To earn more money, you need more money
In the world of sales has been said that the key to success is to learn that you have to apply for the order, and this applies not just for sales but for everything in life. When adding value, you will be able to request a salary increase.

11. "Live as philosophy Do it NOW!
Life is not a dress rehearsal in life you get exactly what they intended.

Your journey to financial success is just beginning, but do not let it consume so much this trip to miss the moment with people you love, be sure you want to show how important they are in your life, this is also a how to add value.

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Rioja Heinrich should not have happened

By David A. Sanmartín, Private Detective - Lawyer GROUP HAS SA

Tax issues aside, the story of the Kieber-LGT bank owner of the stolen data is a history of dishonesty and fraud.

The dishonesty and fraud in the company are a reality that lawyers and private detectives have been reported, which focuses much of our work. No company is immune to them because at one time or another, can be a victim of the same. From the simple case of workers who do not work until the sale of secrets to rival firms, through the abuse of work tools, the IT fraudulent misappropriation of funds, theft-to-house or co-workers, among others make up a wide range of examples of this reality.

But the Kieber case is different. The information published evidence that the individual had a history of fraud and false traceable to his credit. LGT someone did a good job when he was hired. An investigation into his past history had revealed the falsehood of their curriculum and their criminal background. The problem was that no such investigation was conducted. Or that was not professionally qualified.

Unfortunately, this is a usual situation in Spain. Daily companies hire people based solely on the resumes they receive, without asking whether the data contained therein are true and complete. Over 80% of CVs submitted false employment history and the type of involvement. Over 60% of cases were lying on the previous wage and more than 25% data omitted jobs where the candidate played serious incidents, financial situation or controversial history for fraud.

The consequences are always serious. A company hired a new chief financial officer. After finding his ineptitude for the job (which would have known with a previous report) comes to his dismissal. It is at that moment when the subject reveals its true nature by requiring the company a compensation of 300,000 euros in exchange for not revealing Hacienda to the irregularities of the company. " Another company hired a new director of information technology and systems. As above, the curriculum was the perfect candidate for the post. A year later the situation was chaotic in the department. An investigation showed that the CV data were false and that the subject had never had their staff in previous jobs. Are not examples. These are two actual cases investigated by GROUP HAS.

In countries like the UK or Germany, verification by private research firms of personal data, financial and work history as part of any selection process. In India, unfortunately, few companies apply this model.

Rioja from Kieber should not have happened. In Spain it is happening every day.

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When is good time to refinance?

In general terms, it must meet one or more of the following conditions before you consider refinancing your mortgage:

Mortgage interest rates are falling.
The value of your home has increased significantly in the market.
You've been making payments on your original mortgage to 30 years for less than 10 years.
Mortgage interest rates are falling

In an environment where interest rates are falling mortgage, refinancing can offer to owners of a house two potential benefits which can help reduce total cost of your loan over time:

Reduce your monthly payments while keeping the same term or a similar payment from your original mortgage.
Decrease your time to pay while maintaining the same or a similar payment to your original mortgage.
Capital set in your home

Refinancing can help you build wealth from your home. For example, refinancing could make sense for cash if your home has increased in value or have a low mortgage balance, compared with the current value of your home and have a high level of consumer debt that you would like to pay.

The first years of your mortgage

In general, refinancing makes more sense in the early years of your mortgage, where payments are primarily to cover the interest. In the last years of your mortgage, when you begin to pay more principal interests may be better for you than keep the original loan. Remember that the refinancing will give you a completely new mortgage to pay and will take you back to the top of the cycle in which you're paying mostly interest.

¿Refinance or get a loan secured property?

As a rule of thumb, if you've been making payments for less than 10 years in a 30-year loan and mortgage interest rates have fallen, it could be beneficial to consider refinancing. If you've paid your loan over 10 years, real estate secured loan might be a better option to pay off debt or convert cash assets you have in your home.

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