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Universal Street
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Crock-Pot SCBAG Travel Bag for 7-Quart Slow Cookers, Black List Price: $14.99 Sale Price: $9.17 |
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Slow Cooker Travel BagRival 7-qt. Oval Slow Cooker Travel Bag Black Matte Finish Nylon Ideal for Transporting Slow Cookers Hand Wash 1-yr. Warranty Dimensions: 15.8x11.0x9.0 " |
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Replacement Stopper A Fits Stanley Vacuum Bottles Purchased After 2002. |
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This cup will fit any bottle made after 2001. Fits 1.1 quart and 1/2 gallon bottles. Stainless steel with green rim. |
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Molly Ringwald established herself as the teen queen of the '80s in this fresh comedy. The movie is a day in the life of Samantha, whose 16th birthday is turning out to be anything but sweet. All the traumas of teendom come down on one long day, which sees Samantha surrounded by dithery relatives, mooning over a high school hunk, and pursued by a sawed-off Lothario... |
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Exile on Main Street List Price: $29.98 Sale Price: $9.87 |
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ROLLING STONES THE EXILE ON MAIN STREET (DELUXE 2CD) |
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Exile on Main Street List Price: $13.98 Sale Price: $7.16 |
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ROLLING STONES THE EXILE ON MAIN STREET |
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Back Street [VHS] List Price: $14.98 Sale Price: $24.95 |
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Charles Boyer and Margaret Sullavan are the star-crossed lovers in 1941's Back Street. Reunited in New York City years after their marriage plans were sabotaged, Sullavan discovers that Boyer is now wed to another... |
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Streets of Fire [VHS] List Price: $14.98 Sale Price: $8.75 |
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Walter Hill's updated (1984), highly stylized take on biker movies still looks like a determinedly eccentric project that happens to work at times, but not at others. Michael Paré plays a biker who agrees to rescue his ex-girlfriend (a rocker played by Diane Lane) from kidnappers (led by Willem Dafoe)... |
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You're Telling Me [VHS] List Price: $14.98 Sale Price: $11.99 |
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Zippo has been creating virtually indestructible, windproof refillable lighters for more than 75 years. The Zippo Street Chrome pocket lighter is no exception. This lighter features a classic textured chrome finish and carries the same lifetime guarantee--to either work or be fixed by Zippo free of charge--for life... |
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Introduction
A domain name is also called a Universal Resources Locator (URL) and, like a street address, is used to find specific sites on the web. Having your own personalised URL is now a very popular fad. So-called celebrities like Tyra Banks and Justin Timberlake have them as have many others and they are using the DOT WS domain suffix which stands for website.
It's easy enough to get a domain name with your name, but once you get it, what can you do with it?
This article suggests 10 ways in which you can use your domain name for either personal or commercial use. Here they are:
1. Personal Portfolio
A portfolio is a collection of your career or creative achievements and is used generally to find employment. These are most popular with creative professionals like artists, architects, graphic designers etc because they can provide examples of their work for prospective employers.
Simply place your URL on your letters, business card, motor vehicle bumper and people can visit your site.
2. Personal Family Site
A personal family site, perhaps with your family name or something like "Smiths-of-Chicago" can be a cool way to store family photos and information for relatives and friends. When my grandson Tory was born I set up a personal site for him and added photos each month showing how he had changed. His other grandfather in South Africa, who had never met him, could look up the site and see how he was progressing.
3. Sell Your Products or Services
This is a common way to get your business or product noticed. Imagine your website with "Architects-in-Melbourne". One of the benefits of this type of site is that when someone wants an architect, they will usually enter their location in the search engine so they get locally available people. With a URL like this example, you'd have a good chance of being found.
If you have a bricks-and-mortar business a URL gives you an added dimension of advertising and visibility for very little annual cost. If people want to know about your company you can make the information available online without having to pay for brochures and booklets. Add a blog to your site and you can inform people about what you do, how you do it and encourage happy customers to join in with testimonials. This type of site is limited only by your imagination.
4. Sell Affiliate Products
When you sell someone else's product for a commission, it's called being an affiliate. You can set up an affiliate site in under half an hour if you are in a hurry. All you need do is get a domain name and somewhere to host your site, establish a merchant account and choose a product. Next you need to advertise to get a swarm of traffic to your site, preferably traffic interested in your product.
The current wisdom is that you get yourself a niche product ie, a single product that a discrete market needs eg, golf balls and then sell golf balls to the golfing fraternity. Among the many advantages of affiliate marketing is that you don't have to pack, post or download the products, you can drop-ship or only sell digital products that are all handled by someone else.
This has become a very popular way to make an additional income and many people make all their income from affiliate marketing. Your site could be called something like "initialled-golf-balls.ws".
This is the end of Part 1. Go to Part 2 to finish this article.
Copyright Robin Henry 2007
Robin Henry is an educator, human resources specialist and Internet entrepreneur who writes articles about a wide range of topics.
Further information about this topic is available at http://www.web-names.ws
Investment Banking and the Future of Wall Street
The current economic meltdown has changed the face of Wall Street, possibly forever. For decades the energy in the market had been fueled by high-rolling investment bankers, but look what's happened in the last eight months. Lehman Brothers went bankrupt. Bear Stearns was snapped up by JPMorgan Chase, Merrill Lynch got bought out by Bank of America, and Goldman Sachs and Morgan Stanley had to convert to bank holding companies just to stay in business. Five major investment banks . . .and then there were none.
At the beginning of this year, those five firms had a combined market value of around $250 billion with the top firm, Goldman Sachs, valued at nearly $90 billion. Now the top banks, which are comparatively small boutique firms—Raymond James, Jefferies & Co, Greenhill & Co, Keefe Bruyette & Woods and Piper Jaffray—have a combined market value of $12 billion, a number that has shrunk by a factor of 20.
Essentially, the global economic crisis has ushered in the era of universal banking where massive financial firms offer every conceivable kind of investment product and service. Even smaller brokerage firms face being herded under the umbrellas of big banks, or else risk becoming irrelevant.
Historic Realignment of the Industry
When Goldman Sachs and Morgan Stanley opted to become bank holding companies it marked an historic realignment of the financial services industry and the end of a securities firm model that had prevailed on Wall Street since the Great Depression. But why did they make the change? Partly because it's given both firms access to the Federal Reserve's discount window — the same line of credit that is open to other depository institutions at a lower interest rate.
As bank holding companies, they can also tap into deposits from retail customers. The two firms had already received a temporary financial lifeline from the Fed—the Primary Dealer Credit Facility—the special reserves established to bail out Wall Street broker-dealers like the Bear Stearns deal in March 2008.
Even though Goldman Sachs and Morgan Stanley are now classified as bank holding companies and are part of the universal banking model, they'll still be able to engage in investment banking activities. But after years of loose oversight by the Securities and Exchange Commission, they're now faced with tighter regulations imposed by the Federal Reserve and they are subjected to Federal Deposit Insurance Corporation oversight.
The Golden Years of Investment Banking
A quick historical review of investment banks will serve as a backdrop to the events that led to their downfall.
Independent investment banks have been around for a long time, but originally they were small private partnerships that earned most of their money from offering corporate finance and investment advice, as well as some broking and other services. If you had walked into one of their offices and looked around, you might have mistaken it for a large law firm.
The success of their business model depended on the trust built through long-term relationships. There wasn't much money at risk in the early days because the firms operated primarily with the partners' own money. That meant there weren't vast sums available to gamble on risky ventures with excessive leverage. But the lack of working capital and a desire to orchestrate splashier deals, motivated the firms to go public in the late 90s.
The Downfall Begins
With more capital in the coffers and a growing access to low cost, short-term debt, managers started to make larger, riskier capital bets—most recently those troubling and toxic mortgage-backed securities.
The regulations that had once separated investment banks from traditional banks were no longer in place. That opened the way for big global banks like Citigroup and JP Morgan to start competing with Wall Street for what had traditionally been the domain of the investment banking business. This forced Wall Street firms to expand their services, to use more leverage and to take even bigger risks.
When those risks led to profits, the dealmakers were rewarded with outlandish bonuses and the wheels were set in motion for bigger risk-taking. Throw patchy government regulation into the mix and you have, as the saying goes, a recipe for disaster.
Before long, major Wall Street firms were leveraged three or four times more than conventional banks, yet they still operated under far less stringent regulations than the banks.
It wasn't until the financial crisis reared its ugly head in mid-2008 that the U.S. Fed stepped in and for the first time, allowed investment banks access to their discounted funds. Then when the credit crisis hit, highly leveraged Wall Street firms like Bear Stearns and Goldman Sachs found themselves in even deeper trouble. They'd already suffered huge losses with their hedge funds and high-risk ventures, but their excessive leverage compounded their problems as the credit crisis stripped them of the ability to raise the additional capital they needed to survive.
The Outlook for Wall Street
What's the outlook for those working on Wall Street now? No doubt there will be less excitement and no more of the huge bonuses that dealmakers had grown accustomed to. But there are bigger concerns about whether the U.S. will lose its competitive edge and the ability to maintain its power status in the global financial system.
Some of the best and brightest might pull up stakes and head for better opportunities in the burgeoning Asian Markets, or they could flip over to the unregulated Hedge Fund market—at least for as long as those funds manage to survive. Thousands of Hedge Funds are going out of business, bringing serious grief to investors like the huge public pension funds, foundations and endowments that have poured billions of dollars into these private partnerships.
If there is any good news in this economic fiasco, it's this: Main Street stands to eventually benefit from a better regulated Wall Street. With a more transparent financial system, a firmer foundation and a stronger business model, there might be a promising outlook for more stable and consistent growth.
About the Author
If you found this article helpful, visit www.financialspeculation.com to claim your own copy of Jose Roncal’s popular FREE REPORT, “12 Keys to Smart Speculating in Tough Times.” It’s chock full of valuable insight on how to rebuild your nest egg. While you are there, check out “The Big Gamble: Are You Investing or Speculating?” See for yourself why Donald Trump has called it “a great read!”
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Comm. Ave. rollover causes injuries
Tristan Davies via Universal Hub By Globe Staff A rollover accident was reported at Commonwealth Avenue and Clarendon Street this morning, Boston Police reported this morning. The accident, which involved two cars, was reported at 7:16 a.m. The department...
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