Tuesday, July 31, 2012

Crude oil hovers near $90

NEW YORK, July 30 (UPI) -- Crude oil prices found support Monday morning, hovering near $90 per barrel due to improved economic sentiment in Europe.

Analysts are expecting the European Central Bank to begin purchasing bonds from struggling eurozone countries, particularly Spain and Italy. This has triggered a selloff of U.S. dollars, and an appetite for the euro. A weaker dollar gives commodities priced in dollars more appeal abroad.

Prices were recently correcting lower on the New York Mercantile Exchange with September delivery West Texas Intermediate crude oil dropping 23 cents to to $89.90 per barrel. Reformulated blendstock gasoline gained 0.09 cents to $2.7976 per gallon. Home heating oil slipped to $2.8841 per gallon, off 0.64 cents.

Natural gas was at $3.084 per million British thermal units, up marginally.

At the pump, the national average price of unleaded gasoline rose slightly to $3.486 per gallon from Sunday's $3.485, AAA said.

Source: http://www.upi.com/Business_News/2012/07/30/Crude-oil-hovers-near-90/UPI-81851343650724/

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Finding the Right Type of Credit Card to Suit Your Needs

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The following is a guest post on behalf of Totally Money. Enjoy!?

Finding the Right Type of Credit Card to Suit Your Needs


There are many good reasons (and perhaps, a few bad reasons) why someone would want to have a credit card. From desiring to improve/build your credit history to having a way to pay for everyday items without having to keep large amounts of money in your non-interest bearing checking account, credit cards, if used properly and paid off in full each month, can be a big help to a person's life.

After making the all-important first decision that you indeed want?to get a credit card in the first place, the question then shifts to?what type of card is going to be best for your specific circumstances and life.

Listed below are several of the most popular types of credit cards and some of the deciding factors that can help you determine whether or not that specific type of card would be a good fit. ??

Cash-Back Credit Cards

Cash-back credit cards, as you might imagine, are a very popular choice among credit card consumers because a certain percentage of EVERY purchase you make (regardless of the merchant) gets returned to you in the form of cash-back rewards. In other words, you get cold hard cash back as opposed to only getting a discount on future purchases at specific stores, as with some of the other rewards cards discussed below.

The bottom line here is that cash-back cards are the best for someone that wants to see the rewards return on their purchases as soon as possible.?


Airline, Points, and Gas Rewards Credit Cards

This category that could be summarized as "other rewards" credit cards allows you to accumulate rewards points on all of your purchases (regardless of the merchant). However, you often get added benefits for making purchases from the card issuer. For example, if you have an American Airlines credit card, you get certain perks and additional rewards points for purchases that you make towards flights with that airline. For a review of some popular airline credit cards, click here.?Once you've accumulated a certain number of points, you can then redeem them by getting a discount on a purchase with the card issuer.

The bottom line here is that "other rewards" credit cards are good for someone that shops at one specific merchant VERY FREQUENTLY, or enough to make it worthwhile to be restricted to only redeeming the reward points with one merchant.?


Student Credit Cards

Student credit cards are generally low-balance starter credit cards for younger adults that are looking to get their first credit card that is not co-signed by Mom and Dad. These cards generally are typically somewhat "stripped down" in that they do not carry as good of rewards as other credit cards.

The bottom line here is that student credit cards are great for someone 18-25 years of age who is looking to get their first credit card and doesn't have a lot of credit history built up yet.?


Pre-Paid Credit Cards

The last category of card on the list today is pre-paid credit cards. In fact, these are not credit cards at all, in a strict sense, because you are not being loaned any money. Instead, you send in cash to the credit card company, which is then loaded on the card for you to spend. These cards generally come with higher fees than the other types of cards on this list, since you're paying for an added service from the credit card company.

The bottom line here is that pre-paid cards make sense for someone that has bad credit history and can't yet get a regular credit card, but wants to start gradually restore their credit history.?

How about you all? What type of credit card do you carry? Why did you pick that specific category of card?


Share your experiences by commenting below!

***Photo courtesy of?http://www.flickr.com/photos/68751915@N05/6722592957/sizes/l/in/photostream/

Source: http://www.mypersonalfinancejourney.com/2012/07/different-types-credit-cards.html

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Source: http://twitter.com/NOWLebanon/statuses/229927172691881984

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Monday, July 30, 2012

Microsoft Surface Tablet Arriving With Windows 8 On 26 October

Microsoft has revealed that the Windows RT version of its upcoming Surface tablet will launch alongside Windows 8 on 26 October.

The news was disclosed in a filing made with the US Securities and Exchange Commission (SEC), which also revealed that the company expects the launch of the latest version of its operating system to harm its profit margins.

The filing did not reveal any information about other versions of the tablet, which was first announced last month and is being positioned as a competitor to the market-leading Apple iPad.

?The next version of our operating system, Windows 8, will be generally available on 26 October, 2012,? read the filing. ?At that time, we will begin selling the Surface, a series of Microsoft-designed and manufactured hardware devices.?

Microsoft pledges that Windows 8 will work equally well on both tablets and PCs as it seeks to increase its presence on the tablet market amid slumping PC sales. Users can switch between a tiled interface and the more recognisable desktop mode at any time.

Central to this plan is support for ARM-based devices, with Windows RT the first Microsoft operating system to work on the British-designed ?architecture. Microsoft, which recorded its first ever quarterly loss last week, says it is prepared to use its financial muscle to ensure that Windows it is a success.

?In fall 2012, we are launching Windows 8, a major new release of our PC operating system that seeks to deliver a unique user experience through well-integrated software, hardware, and services,? said Microsoft in the filing. ?Its success depends on a number of factors including the extent to which customers embrace its new user interface and functionality, successfully coordinating with our OEM partners in releasing a variety of hardware devices that take advantage of its features, and attracting developers at scale to ensure a competitive array of quality applications.?

?We expect to incur substantial marketing costs in launching Windows 8 and associated services and devices, which may reduce our operating margins,? it added.

How well do you know your operating systems??Take our quiz!

Source: http://www.techweekeurope.co.uk/news/microsoft-suface-tablet-windows-rt-87817

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PFT: Hasselbeck, Locker alternating reps at camp

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With the Browns on the verge of being sold by Randy Lerner to Jimmy Haslam, some of you have asked which other teams could be available.

OK, one of you has asked. ??Some? sounds better.

The chatter in league circles is that the teams most likely to be on the market in the not-too-distant future are the Bills, Titans, and Broncos.

The Bills and Titans are each held by their original AFL owners. ?Ralph Wilson, who initially wanted to put an AFL team in Miami, has owned the Bills since 1960. ?Bud Adams founded the Houston Oilers that same year, moving them to Tennessee 35 years later.

It?s believed that the families of Wilson, 93, and Adams, 89, will sell the franchises once they inherit ownership of them. ?Actually, Haslam had been rumored as one of the candidates to buy the Titans, given that Haslam?s family lives and works in Tennessee.

The reasons for the potential availability of the Broncos, another original AFL franchise, aren?t known. ?Owner Pat Bowlen is only 68, which makes him a spring chicken in relation to some of his colleagues. ?Rumors and reports of memory issues swirled a couple of years ago, but that talk largely has subsided. ?Some in Denver believe that, eventually, Bowlen will find a way to sell the team to V.P. of football operations John Elway, and that Elway will find a way to buy it.

Potential buyers don?t have to cut a check for $1 billion or close to that amount. ?Instead, league rules permit one person to own as little as 30 percent. ?Technically, one family may own 30 percent, with at least one person from the family owning 10 percent.

Here?s hoping the Kardashians aren?t aware of that.

Source: http://profootballtalk.nbcsports.com/2012/07/29/hasselbeck-locker-alternating-reps-at-titans-camp/related/

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Iran sentences 4 to death in $2.6B fraud case

TEHRAN, Iran (AP) ? An Iranian court has sentenced four people to death and given two more life sentences on charges linked to a $2.6 billion bank fraud described as the biggest financial scam in the country's history, an official said Monday.

The trial, which began in February, involved some of the country's largest financial institutions and raised uncomfortable questions about corruption at senior levels in Iran's tightly controlled economy.

But few specific details have been released, possibly to avoid exposing too much internal scandal while Iran's leaders seek to assure the country it can ride out tightening sanctions over Tehran's nuclear program.

Prosecutors have only referred to the linchpin defendant by a nickname and have provided just general information about his purported business empire. The main charges included using forged documents to get credit at one of Iran's top bank to purchase assets, including major state-owned companies.

The official IRNA news agency gave no names at all for most of the other defendants in the Revolutionary Court, which deals with cases involving security and organized crime. The report quoted state prosecutor Gholam Hossein Mohseni Ejehei as saying a total of 39 defendants received sentences, including four death sentences, two life terms and the rest of up to 25 years in prison.

The main defendant, referred to by a nickname "Amir Mansour Aria," was among those charged with a potential capital offense. In February, state TV said he was accused of being "corrupt on earth," an Iranian legal term that means that the defendant is an enemy of God, and which in practice is a catch-all term for a variety of offenses. The charge carries the death penalty.

Aria pleaded not guilty, but acknowledged that he has violated some laws, the Iranian media said.

The indictment described Aria as head of the Aria Investment Development Co. It said the owners used "incorrect connections with executive and political elements" to accrue wealth.

"Dozens of instances of bribe payments to staff and managers of banks have taken place under various titles," it said.

Meanwhile, President Mahmoud Ahmadinejad and his hardline rivals traded blows in their political power struggle. A court stripped one presidential ally of his job while officials in Ahmadinejad's government brought charges against the brother of one of his prominent critics, the speaker of parliament.

Ahmadinejad has faced more than a year of withering political attacks after challenging Supreme Leader Ayatollah Ali Khamenei over the selection of the intelligence minister. Dozens of Ahmadinejad's allies have been arrested or driven from power by backers of Khamenei, and Ahmadinejad has been left severely weakened with less than a year left in his second and final term.

Ahmadinejad was once the favored son of Iran's theocracy, but his defiance of Khamenei was considered to be a rebellion against the supremacy of the clergy and the president's conservative allies turned on him. He still retains a following among Iran's working classes and rural poor who see the ruling clerics as aloof and out of touch.

In the latest twist, a court stripped one of Ahmadinejad's top appointees of his job after claims he was linked to the deaths of anti-government protesters, the IRNA news agency said.

The ruling against Saeed Mortazavi, head of Iran's social security organization, followed a suit filed by a group of anti-Ahmadinejad lawmakers.

In 2010, a parliamentary probe found Mortazavi ? then chief Tehran prosecutor ? responsible for the deaths by torture of at least three anti-government protesters who were in custody. Angry lawmakers in April threatened to impeach the country's labor minister, who appointed Mortazavi, over the case.

In a separate report, IRNA said Javad Larijani ? the brother of both the country's parliament speaker and its powerful judiciary chief ? came under investigation over allegations he illegally took control of protected land.

Tehran's chief prosecutor Alireza Avaei was quoted as saying that a court is studying the allegations. The claims were filed by the government agency in charge of natural resources.

The Larijani family are prominent critics of Ahmadinejad.

Larijani's brother Sadegh heads the judiciary and another brother, Ali, is parliament speaker. Javad leads the judiciary's human rights council. No date has been set for a hearing.

Source: http://news.yahoo.com/iran-sentences-4-death-2-6b-fraud-case-145731162.html

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Chemicals Used in Plastics Linked to Diabetes in Women

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A group of chemicals found in household plastics and medical supplies is linked to higher rates of diabetes in women ? up to double the rate for women with the highest levels, according to new research led by Harvard scientists.

Blacks and Mexican Americans and women living in poverty are exposed to the highest levels of some of these compounds, called phthalates, the scientists reported.

Whether these chemicals actually cause diabetes in women, however, remains unclear.

?These findings are important clues, but it?s only a first step,? said Dr. Richard Stahlhut, an environmental health researcher at the University of Rochester Medical Center who co-authored the study. ?It?s extremely likely that phthalates and other chemical contaminants will turn out to be a big part of the obesity and diabetes epidemic, but at this point we really don't know how these chemicals are interacting with each other, or with the human body.?

Phthalates make plastics such as polyvinyl chloride (PVC) more flexible, and they are added to some cosmetics, perfumes and other personal care products to stabilize colors and fragrances. A wide variety of household goods rely on phthalates, including vinyl flooring, adhesives and shower curtains. More than 75 percent of Americans have phthalates in their urine.

Until now, most phthalate research has focused on reproductive consequences because these compounds seem to disrupt male hormones. Boys exposed to phthalates in the womb had signs of feminized genitalia, which may lead to fertility problems. Researchers also have found neurological effects, including reduced IQs and attention problems in boys.

The new study examined diabetes and phthalate concentrations in 2,350 women who participated in a national survey by the Centers for Disease Control and Prevention from 2001 through 2008.

Diabetes, an endocrine disease marked by problems with insulin production or insulin resistance, affects nearly 26 million Americans, or 11 percent of the population older than 20, according to CDC data. Blacks have a 19 percent chance of developing diabetes ? a rate 77 percent higher than that of whites ? and Hispanics have a 66 percent higher rate than whites.

Although obesity is a risk factor for type 2 diabetes, nearly a quarter of normal-weight adults have diabetes or other metabolic disorders. Experts say chemical contaminants such as phthalates could play an important role in this disconnect between obesity and type 2 diabetes rates.

In the new research, certain phthalates ? dibutyl phthalates (DBP), which are primarily used in adhesives and lacquer finishes, and benzyl butyl phthalate (BBP), a component of vinyl flooring, caulks and sealants ? were linked to double the rate of diabetes in women with the highest levels of phthalate markers in their urine, according to the report published this month in Environmental Health Perspectives.

DBP and Di-2-ethylhexyl phthalate (DEHP), a plasticizer found in vinyl products including IV bags and tubing, were also linked to higher blood glucose levels and insulin resistance, two common precursors of type 2 diabetes, according to the study.

No relationship was found between diabetes and diethyl phthalate (DEP), according to the study, which was led by Tamarra James-Todd of Brigham and Women?s Hospital and Harvard Medical School. That phthalate is found in high concentrations throughout the U.S. population and it is the phthalate most commonly associated with personal care products.

Other recent studies also have found similar links between phthalates and metabolic disorders.

Certain phthalates doubled the risk of diabetes in older Swedish adults, according to research published in April. And DEHP, the phthalate in flexible vinyl and medical supplies, was linked to higher rates of diabetes in a 2011 study of Mexican women. Higher levels of phthalates were also associated with greater waist circumference and insulin resistance, two major risk factors for type 2 diabetes, in a 2007 study of U.S. men.

Source: http://rss.sciam.com/click.phdo?i=79190db128716551e55f53fda3c8cbf0

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Flooring companies San Ramon vital info to realize

Flooring companies San Ramon vital info to realize
by Gregory J Garver
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While the economic system has slowed since the economical down flip and brought about building to come to a whole halt and put builders out of business Danville has seen important increases in uptown building. This has been largely because of excessive tech jobs that have pulled skill from all over the globe of that many employees have moved to the outer edge of Lafayette. This influx of excessive paying work has increased customized constructing and apartment constructing as well. In some circumstances many employers are even providing careers with a spot to stay and a 10k transferring expense blank expense account for moving cost. This kind of influx of high paying jobs has increased the general development within the Pleasant hills area from construction jobs to home decor. These homes and residences are fully updated with wood floors. Corporations within the Danville area which has prompted a trickle impact helping the over all economy for the final area. I had an opportunity to take a look at a number of the homes that had been being restored and whereas I was there they had been laying new hardwood flooring. The company Fine Floorz from the city of Walnut Creek was setting the brand new floors in the lounge and laminate flooring within the bathroom and cooking area areas. The worker said that they'd been busy the last 2 years and went on to clarify the several types of flooring they were installing. Flooring comes in many alternative supplies and kinds, and each form of Flooring company Danville has a look that can change a house and provides it its own specific and authentic style. It is important to find flooring material that is similar to the age and elegance of your home or condo. Tiles are a sort of laborious flooring and can be found in a variety of pure and man-made resources. Ceramic tiles, mosaics, slate and marble are simply among the selections out there and each come with their very own pros and cons. The primary advantage of tiles is that they are extraordinarily hard and if well maintained will last a very lengthy time. As they're waterproof they're nicely suited to areas equivalent to bathrooms and utility rooms simple to wash and are additionally ultimate for kitchens. Nevertheless, tiles could be cold underfoot and may be slippery when wet so are not suited for older people or kids. If they have an intricate pattern they can be troublesome to fit in addition to being expensive and for ever fixed. They're additionally noisy and require different softer surfaces to reduce the amount of sounds in a home. Carpet installation Walnut Creek is a modern look that matches very properly with any home or office decor.Finding a small business to provide and install wood flooring is important, as cutting hardwood flooring calls for a number of time and difficult work. It is always needed that hardwood floor supplier be used for staining timber. The dark wood floors the specialist was installing was extraordinarily lovely so I decided to actually give the specialist a call to have them supply their flooring services for me seeing as they appeared so beautiful. Roughly speaking, few weeks afterward My girlfriend made the jump and had the flooring company at my wifes house. My wood floors came out gorgeous! I had a impressive encounter with Flooring company Pleasant hills and would recommend them to anybody searching a Floor contractor in Walnut Creek.

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Flooring companies San Ramon vital info to realize

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Keywords: Wood flooring installation San Ramon,Laminate flooring Walnut Creek

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Sunday, July 29, 2012

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wasps nest removal Islington, pest cont - Wasp ... - IdeaMarketers.com











Living in Islington is like living in two worlds at once. You see the spanning Islington Streets and are constantly reminded of modern luxury while the Highbury Fields get you to commune with nature. It is a desirable residential district, but with one fault especially during summer-- wasp. Wasps have the tendency to build nests on the roofs of homes. And to avoid the painful stings of wasps, learning how to remove wasps at home is of utmost importance, most especially if you have kids.

Home Remedies for Wasp Nests

First, it is important to make sure first that the wasps don't enter your home with proper home sealing. You can also use wasp traps, which are available in stores. Another commonly used technique to remove wasps is the use of mix fruit juice and meat in a jar. The sweet smell of the fruit juice plus the stench of the decaying meat attract wasps. Once they follow the scent and enter the jar, they will get drowned in the juice.

However, these techniques alone are not enough as they will not completely eliminate the problem. If their nest is not completely destroyed, they will continue to multiply in number. Moreover, if you try to remove them without proper equipment and garment, you can suffer from serious sting or bites. One thing that you should keep in mind when dealing with these pests is that they can attack you aggressively, most especially if you try to destroy their nest. To avoid these, you can benefit from using the help of a pest control Islington contractor.

What a Wasp Nest Removal Islington Contractor Can Do?

Having a safe home free from wasps not only entails sealing all possible entries of wasps to your house. To completely solve the problem, their breeding place or nest should be destroyed properly and removed through efficient and safe techniques.

A good wasp nest removal contractor performs not only effective but also safe wasp nest removal techniques. Depending on the type of wasp present as well as the magnitude of the situation, wasp removal usually entails destroying the nest through chemical sprays. These sprays work by paralyzing the insects for a safe manual extraction. Sprays that contain pyrethoids work well for this purpose without causing any harm to the environment.

Another wasp nest removal technique is the use of the Ficam D - a dust type insecticide. This process usually takes a few hours to a day, until all wasps are killed and no foraging wasps return.

If you are in Islington and are experiencing wasps related problems, you would benefit from using the help of a wasp nest removal Islington contractor to avoid serious injuries that these pests can cause. This is a must most especially if you do not know how these pests behave.

If you are worrying about wasps nests in your home, why not let a good pest control Islington do the job for you. Contact us to learn more about our wasps nest removal services.

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Phase fidel ? Blog Archive ? Estimate Insurance policies ? Los ...

Los Angeles car insurance coverage is the ultimate supplier of security for the various sorts of losses that one?s vehicle can endure. Considering that automobile insurance coverage is so easily obtainable in Los Angeles, a single can protect his or her own car which is for most people a key financial commitment.

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Flood Insurance policies Estimates

Factors come about when we the very least count on it.

Flood injury can be carried out only with us, and we have no concept when. It can take place to any individual. Therefore, there are businesses that took place Flood Insurance policy Prices buyers only for the situation of this tragedy.

By means of the NFIP or the Nationwide Flood Insurance System, insurance firms can give their consumers with the assurance that they are insured, just in case of floods.

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Chevron to invest $2 billion in Congo-Angola oil field

BRAZZAVILLE (Reuters) - Chevron Corp plans to invest $2 billion to develop its Lianzi oilfield straddling the maritime border between Republic of Congo and Angola, a company official said on Sunday.

"Production from the Lianzi field will begin in 2015 and investments will cost $2 billion," Katia Mounthault-Tatu, a Chevron spokeswoman, told Reuters.

State revenues from the field, which holds proven reserves of 70 million barrels, will be split 50-50 between Congo and Angola, the two countries confirmed in an agreement on Friday.

Congo produced 105 million barrels of crude oil last year. Angola pumps around 1.8 million barrels per day.

Source: http://news.yahoo.com/chevron-invest-2-billion-congo-angola-oil-field-154351742--finance.html

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Saturday, July 28, 2012

Finding The Motivation To Lose Weight And Get Healthy ...

Posted by Alison Bell on Jul 27, 2012 in Fat Loss | Comments Off

Knowing you need to lose weight is not a difficult concept to grasp. However, knowing what you must and mustn?t do are tough for many people. There are lots of fad diet and exercise programs that can harm your body. The following tips will help you develop a weight loss plan that will let you succeed.

Bookmark blogs that talk about weight loss to read about other people experiencing the same things as you. Revisiting these blogs and websites is the perfect way to get a quick dose of inspiration and ideas for weight loss. Professional athletes go through the same thing that you do, so connect with one so that you do not feel alone.

Substitute hummus for high-calorie dips, and opt for fat-free salad dressings. Easy substitutions like this can remove significant calories from you diet.

Donate your old, biggeer clothes to charity since they are now too big for you. If you keep those larger-sized clothes, in the back of your mind you know that if you gain back the weight, you will still have clothes to wear. But if you get rid of these clothes, you are committed to continuing your weight loss efforts.

When dieting, meal variety is key. You will be bored if you consistently eat the exact same foods day after day, and it may lead to you not sticking with your intended weight-loss plan. A balanced diet is important. Eat what you love, but do so in moderation.

For the people who really dislike exercise, think about different ways to shed those inches. Romp with your pets, go for a bike ride or clean your house. It is possible to burn calories without engaging in the repetitive motion that traditional exercise requires. Find a few activities you enjoy, and partake in them as often as you can.

Watch out for foods that are promoted as being low-calorie or low-fat. Many of these foods have very little nutritional value and are packed with preservatives and artificial sweeteners. These chemicals can make it more difficult for you to lose weight because they impair your metabolic rate.

As motivation, hang up an article of clothing that you love, but are now too big to fit into. If tempted to have a snack that doesn?t go with your diet, look at the clothing and realize how you want to fit into them. It can be a good tool to help motivate you to follow through with your program.

When you have cravings, do not just ignore them. There are lots of delicious foods like chips and ice cream. Cravings for junk food can be extreme while you diet. You don?t want to derail your weight loss goals, but don?t deny yourself of everything either. Try a low-calorie substitute for your favorite food.

Studies show that eating heart-healthy cereal can help you maintain a healthy weight. Cereal with milk contains both fiber, which is healthy for your heart, as well as calcium. This isn?t true for every type of sugary cereal, however. Reach for a bowl of cereal that is made to be lower in sugar, like Total or Grape Nuts.

Drink coffee in order to lose weight. Coffee is essential if you want to maintain your vigor while you are dieting.

If you are planning on exercising, try to do it with a friend or family member. Having someone to exercise with will make your exercise time much more pleasant. Additionally, you can provide encouragement to one another to stay as motivated as possible. You may find that you actually start to enjoy your workouts which will only increase the amount of weight you are able to lose.

Losing weight and keeping it off is vital to staying healthy, so you must be aware of the different approaches. This is so it makes it easier for you to understand what plan fits your personal health needs. By following the tips you?ve read here, you?ll be off to a great start and will soon be seeing a transformation in your body.

Related posts:

  1. Ways To Lose Weight That Are Safe And Healthy
  2. Lose Weight Fast But Healthy With These Tips
  3. Quick And Easy Ideas To Help You Lose Weight The Healthy Way

Source: http://getshotput.com/finding-the-motivation-to-lose-weight-and-get-healthy/

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Useful tips on arranging financing for buying a property through ...

bcom-sy-07o-corporate-law2.jpg

With a large range of budget priced properties being sold through Brooklyn foreclosures, prospective home buyers can land a great real estate investment deal at some of the best bargain prices ever. Home to some of the most vibrant neighborhoods in New York, the city of Brooklyn offers highly affordable housing options through its diverse range of foreclosed properties now available at highly reduced prices.

Benefits of buying through Brooklyn foreclosures

Investing in a property through Brooklyn foreclosures has several benefits some of which have been listed below:

1. Low interest housing loans ? Buyers interested in owning property in the city can avail various financial assistance programs which includes low interest housing loan schemes to facilitate the purchase of Brooklyn foreclosures.

2. Tax credit abatements ? Home buyers can also get tax credit abatements which can supplement their down payment costs of the suitable foreclosure thereby making the whole venture a great bargain deal.

3. Prime real estate ? The city has a steadily increasing and high real estate value which makes investing through Brooklyn foreclosures a very lucrative deal with high returns over a period of time.

How to arrange financing for buying a property through Brooklyn foreclosures?

If you are looking for a suitable property through Brooklyn foreclosures, arranging financing for the house will be one of your prime concerns. The following guidelines will help you in availing various housing schemes easily and successfully:

1. Estimate your budget ? The most important step towards buying a house through Brooklyn foreclosures is to sit down and decide your budget so that you can choose properties that are comfortably affordable.

2. Research the market ? Carry out a thorough market research over the internet as a large number of banks and mortgage companies are offering very attractive loan schemes for prospective home buyers interested in foreclosed properties.

3. Choose the best interest rates ? From the various loan rates that are being offered in the market narrow down on the lowest rates by making a thorough comparison.

4. Get your documents in place ? Get in touch with the bank and find out the list of documents that are needed for your loan application and get them in place.

5. Apply for the loan ? Getting a pre-approved loan before making an offer to the sellers for a suitable property under Brooklyn foreclosures is the best way ahead in landing a bargain deal successfully.

So if you are a home buyer on the lookout for an affordably priced property with a sound investment value, opt for a home through Brooklyn Foreclosures by following the above guidelines and get easy and low interest financing successfully.

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Source: http://rawbusinesslaw.com/2012/07/28/useful-tips-on-arranging-financing-for-buying-a-property-through-brooklyn-foreclosures-real-estate-foreclosures/

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Facebook's stock sinks, so who should buy it?

NEW YORK (AP) ? Investors are dumping Facebook's stock, spooked by slowing revenue growth, the lack of a financial outlook and plans to spend more money in the coming months.

Are they right?

Only if they are thinking in the short term. Investors can expect Facebook's stock to be volatile for a few years. But analysts say those willing to wait will likely be rewarded ? someday.

"I view it as a tomorrow stock," says Christian Bertelsen, chief investment officer at wealth management firm Global Financial Private Capital.

"The whole thing on Facebook is, look, if your time horizon is hourly, weekly or even monthly, this is not the stock for you," he adds. "You need to take a much longer-term view on it."

That's about three or four years, he says.

Founded in CEO Mark Zuckerberg's Harvard dorm room in 2004, Facebook was a product of the PC era. Now, in the age of mobile computing, a growing number of people are accessing Facebook through their iPhones, Android gadgets and tablet computers. Yet Facebook is only now starting to figure out how to make money from its mobile audience.

"The company is going through an almost painful transition from desktop to mobile," Baird analyst Colin Sebastian says.

He calls Facebook "a speculative investment," but one with plenty of potential.

"With almost one billion users, Facebook is amassing the most comprehensive user profile database in existence," Sebastian says. This, he adds, offers a "significant opportunity" to reap a big chunk of the global advertising market, which is currently at $500 billion a year.

"Amazon comes to mind immediately," Bertelsen says.

After that company went public in 1997, at the time mainly just an online bookstore, critics were quick to cry dot-com bust, call its business a broken, and so on. Today, it is the world's biggest online retailer, selling everything from DVDs to vacuum cleaners to Web storage.

"Now they are the retailer to the world," he adds.

Amazon.com Inc.'s stock price grew to more than $200 a share, from less than $2. Of course, Facebook has started out much higher, at $38.

Facebook's first earnings report since its rocky initial public offering on May 18 was the second coming that didn't quite materialize. So investors sent Facebook's stock to its lowest level ever on Friday. Shares fell $3.14, or nearly 12 percent, to close at $23.71 after hitting $22.28 in the morning. The previous low was $25.52, reached on June 6.

The stock dropped despite the fact that Facebook's second-quarter results met Wall Street's expectations, with revenue one-third higher than last year.

Given the rocky economy and investors' heightened sensitivity to a stock's value, betting on a company becomes a "show-me story" for many of them, Sebastian says. That means investors want proof rather than Facebook's word that it can grow its revenue and make a profit.

Facebook, for now, is more of a tell-me story, one whose success or failure will play out in the coming quarters, or even years. The company hasn't shown all it can do. Its revenue growth slowed. The company's revenue nearly tripled in 2010, compared with 2009.

In the first quarter of this year, revenue climbed 44 percent, higher than the 32 percent increase in the second quarter. Following in Google's footsteps, it did not offer financial guidance for the coming quarters, which makes it a riskier bet for investors.

Facebook also said it plans to increase its investments in the coming quarters. Higher expenses could mean lower profits.

Facebook, which is based in Menlo Park, Calif., was valued at $104 billion when it went public two months ago. That means investors placed a higher value on its stock than established companies such as McDonald's, Pepsi and even Amazon.

With Facebook's stock hitting a new low on Friday, the company lost as much as 39 percent of its value. It's now around $66 billion, a little more than 3M, the company that makes Scotch tapes, stethoscopes and sandpaper. It's also in the same range as American Express.

Despite the doubts, Mike Magan of Carmel, Ind., plans to keep the 10 shares he bought at $34.25 each a few days after Facebook went public.

"I bought this thinking it was going to be something I was going to pass down to my kids," said Magan, who works for an industrial marketing firm. "I see this as a company that will be an Apple."

Other stocks he owns include Apple, naturally, which he bought a decade ago. Back then, it was trading at around $8 to $10. Now, it's pushing $600 as the world's most valuable company, thanks to successes with the iPhone and the iPad ? the same devices confounding Facebook.

"My purchase of Facebook was a vote of confidence," Magan says, adding that he buys stock about every three to four years.

Analysts are generally positive on Facebook. Of the 27 analyst ratings available from FactSet, 15 are "Buy" or equivalent, while just three are a "Sell." Analysts tend to have longer-term views of stocks than many day-to-day investors.

"We don't view these results as dramatically good or bad," Citi analyst Mark Mahaney says. "Key questions remain: the future of Facebook mobile monetization and the future of Facebook user engagement."

Source: http://news.yahoo.com/facebooks-stock-sinks-buy-214351344--finance.html

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Facebook's stock sinks, so who should buy it?

FILE - In this May 16, 2012 file photo, the Facebook logo is displayed on an iPad in Philadelphia. Facebook's stock hit a new low Friday, July 27, 2012, after it reported second-quarter results that disappointed investors. The stock fell $3.90, or nearly 15 percent, to $22.94 in morning trading Friday. Facebook Inc.'s initial public offering of stock priced at $38, and its low had been $25.52, hit on June 6. The stock is now about 39 percent below its IPO price. (AP Photo/Matt Rourke, File)

FILE - In this May 16, 2012 file photo, the Facebook logo is displayed on an iPad in Philadelphia. Facebook's stock hit a new low Friday, July 27, 2012, after it reported second-quarter results that disappointed investors. The stock fell $3.90, or nearly 15 percent, to $22.94 in morning trading Friday. Facebook Inc.'s initial public offering of stock priced at $38, and its low had been $25.52, hit on June 6. The stock is now about 39 percent below its IPO price. (AP Photo/Matt Rourke, File)

(AP) ? Investors are dumping Facebook's stock, spooked by slowing revenue growth, the lack of a financial outlook and plans to spend more money in the coming months.

Are they right?

Only if they are thinking in the short term. Investors can expect Facebook's stock to be volatile for a few years. But analysts say those willing to wait will likely be rewarded ? someday.

"I view it as a tomorrow stock," says Christian Bertelsen, chief investment officer at wealth management firm Global Financial Private Capital.

"The whole thing on Facebook is, look, if your time horizon is hourly, weekly or even monthly, this is not the stock for you," he adds. "You need to take a much longer-term view on it."

That's about three or four years, he says.

Founded in CEO Mark Zuckerberg's Harvard dorm room in 2004, Facebook was a product of the PC era. Now, in the age of mobile computing, a growing number of people are accessing Facebook through their iPhones, Android gadgets and tablet computers. Yet Facebook is only now starting to figure out how to make money from its mobile audience.

"The company is going through an almost painful transition from desktop to mobile," Baird analyst Colin Sebastian says.

He calls Facebook "a speculative investment," but one with plenty of potential.

"With almost one billion users, Facebook is amassing the most comprehensive user profile database in existence," Sebastian says. This, he adds, offers a "significant opportunity" to reap a big chunk of the global advertising market, which is currently at $500 billion a year.

"Amazon comes to mind immediately," Bertelsen says.

After that company went public in 1997, at the time mainly just an online bookstore, critics were quick to cry dot-com bust, call its business a broken, and so on. Today, it is the world's biggest online retailer, selling everything from DVDs to vacuum cleaners to Web storage.

"Now they are the retailer to the world," he adds.

Amazon.com Inc.'s stock price grew to more than $200 a share, from less than $2. Of course, Facebook has started out much higher, at $38.

Facebook's first earnings report since its rocky initial public offering on May 18 was the second coming that didn't quite materialize. So investors sent Facebook's stock to its lowest level ever on Friday. Shares fell $3.14, or nearly 12 percent, to close at $23.71 after hitting $22.28 in the morning. The previous low was $25.52, reached on June 6.

The stock dropped despite the fact that Facebook's second-quarter results met Wall Street's expectations, with revenue one-third higher than last year.

Given the rocky economy and investors' heightened sensitivity to a stock's value, betting on a company becomes a "show-me story" for many of them, Sebastian says. That means investors want proof rather than Facebook's word that it can grow its revenue and make a profit.

Facebook, for now, is more of a tell-me story, one whose success or failure will play out in the coming quarters, or even years. The company hasn't shown all it can do. Its revenue growth slowed. The company's revenue nearly tripled in 2010, compared with 2009.

In the first quarter of this year, revenue climbed 44 percent, higher than the 32 percent increase in the second quarter. Following in Google's footsteps, it did not offer financial guidance for the coming quarters, which makes it a riskier bet for investors.

Facebook also said it plans to increase its investments in the coming quarters. Higher expenses could mean lower profits.

Facebook, which is based in Menlo Park, Calif., was valued at $104 billion when it went public two months ago. That means investors placed a higher value on its stock than established companies such as McDonald's, Pepsi and even Amazon.

With Facebook's stock hitting a new low on Friday, the company lost as much as 39 percent of its value. It's now around $66 billion, a little more than 3M, the company that makes Scotch tapes, stethoscopes and sandpaper. It's also in the same range as American Express.

Despite the doubts, Mike Magan of Carmel, Ind., plans to keep the 10 shares he bought at $34.25 each a few days after Facebook went public.

"I bought this thinking it was going to be something I was going to pass down to my kids," said Magan, who works for an industrial marketing firm. "I see this as a company that will be an Apple."

Other stocks he owns include Apple, naturally, which he bought a decade ago. Back then, it was trading at around $8 to $10. Now, it's pushing $600 as the world's most valuable company, thanks to successes with the iPhone and the iPad ? the same devices confounding Facebook.

"My purchase of Facebook was a vote of confidence," Magan says, adding that he buys stock about every three to four years.

Analysts are generally positive on Facebook. Of the 27 analyst ratings available from FactSet, 15 are "Buy" or equivalent, while just three are a "Sell." Analysts tend to have longer-term views of stocks than many day-to-day investors.

"We don't view these results as dramatically good or bad," Citi analyst Mark Mahaney says. "Key questions remain: the future of Facebook mobile monetization and the future of Facebook user engagement."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-07-27-Facebook-Stock/id-54138f046a7b4529807f918311079406

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Can We Feed 9 Billion People by 2050 or Will We Starve?

The question of food security in the world, on account of galloping population growth, seemed to be one of the most pressing concerns at the recently concluded ESOF 2012 (Euroscience Open Forum) in Dublin.

By 2050 the global population is expected to reach 9 billion with the majority of this increase in our part of the developing world ? in Asia. In order to feed this massive number of mouths, speakers at the forum indicated that a huge rise in food production of about 50% was required. The question in everyone?s mind was, if we cant feed the starving 1 billion today how can we ramp up for the increased numbers in 2050?

Speaking to Prof Jonathan Jones FRS of Sainsbury Lab, Norwich UK, one of the foremost experts involved in the study of meeting the challenge of tackling global hunger, he said that researchers have identified many simple methods of matching the demand for food as it must match the supply, and soon the world will face the ?perfect storm? of food insecurity if we do not tackle the situation sensibly.

?Improved agronomy could make a big contribution. Increasing population and consumption are placing unprecedented demands on agriculture and natural resources. Today, approximately a billion people are chronically malnourished while our agricultural systems are concurrently degrading land, water, biodiversity and climate on a global scale. To meet the world?s future food security and sustainability needs, food production must grow substantially while, at the same time, agriculture?s environmental footprint must shrink dramatically.? He shared his study which analysed solutions to this dilemma, by showing that tremendous progress could be made by halting agricultural expansion, closing ?yield gaps? on underperforming lands, increasing cropping efficiency, shifting diets and most of all, reducing waste. ?Together, these strategies could double food production while greatly reducing the environmental impacts of agriculture,? explained Jones.

Photo: Hema Radha

Photo: Hema Radha

Contemporary agriculture faces enormous challenges today, reveals Jones. Even with recent productivity gains, roughly one in seven people lack access to food or are chronically malnourished, stemming from unabated poverty and mounting food prices. Unfortunately, the situation may worsen as food prices are the result of market speculation, bioenergy crop expansion and climatic disturbances. Even if we solve these food access challenges, much more crop production will probably be needed to guarantee future food security. Recent studies suggest that production would need to roughly double to keep pace with projected demands from population growth, dietary changes,especially with changes in meat consumption, and increasing bio-energy use, unless there are dramatic changes in agricultural consumption patterns.

Compounding this challenge, agriculture must also address tremendous environmental concerns. ?Agriculture is now a dominant force behind many environmental threats,? said Jones, ?including climate change, biodiversity loss and degradation of land and freshwater?. In fact, agriculture is a major force driving the environment beyond the ??planetary boundaries??. Looking forward, we face one of the greatest challenges of the twenty-first century: meeting society?s growing food needs while simultaneously reducing agriculture?s environmental harm of the planet.

Using new geospatial data and models, Jones has evaluated how new approaches to agriculture could benefit both food production and environmental sustainability. ?Our analysis focuses on the agronomic and environmental aspects of these challenges, and leaves a richer discussion of associated social, economic and cultural issues to future work,? he said.

Until recently, the scientific community could not measure, monitor and analyse the agriculture, food, environment system?s complex linkages at the global scale, says Jones.

?Today, however, we have new data that characterize worldwide patterns and trends in agriculture and the environment. According to the Food and Agriculture Organization (FAO) of the United Nations, croplands cover 1.53 billion hectares (about 12% of Earth?s ice-free land), while pastures cover another 3.38 billion hectares (about 26% of Earth?s ice-free land). Altogether, agriculture occupies about 38% of Earth?s terrestrial surface?the largest use of land on the planet. These areas comprise the land best suited for farming: much of the rest is covered by deserts, mountains, tundra, cities, ecological reserves and other lands unsuitable for agriculture.?

Studies show that between 1985 and 2005 the world?s fields and pastures expanded by 154 million hectares (about 3%). But this slow net increase includes significant expansion in the tropics, as well as little change or a decrease in the temperate zone. The result is a net redistribution of agricultural land towards the tropics, with implications for food production, food security and the environment.

Crop production across the world has increased substantially in recent decades. Looking at the figures of common crop groups, which include cereals, oilseeds, fruits and vegetables, it has been noticed that crop production has increased by 47% between 1985 and 2005. However, considering all 174 crops tracked by the UN FAO, researchers found that global crop production increased by only 28% during that time.

This 28% gain in production occurred as cropland area increased marginally by 2.4%, suggesting a 25%increase in yield. However, cropland area that was harvested increased by about 7% between 1985 and 2005?nearly three times the change in cropland area, owing to increased multiple cropping, fewer crop failures, and less land left fallow. Accounting for the increase in harvested land, average global crop yields increased by only 20% between 1985 and 2005, substantially less than the often-cited 47% production increase for selected crop groups, indicating that yields are not rising as quickly as before.

It was also found that measuring by aggregate did not reveal trends in individual crops or crop groups. For example, cereal crops decreased in harvested area by 3.6% between 1985 and 2005, yet their total production increased by 29%, reflecting a 34% increase in yields per hectare. Oil crops, on the other hand, showed large increases in both harvested area (43%) and yield (57%), resulting in a 125% increase in total production. While most crops increased production between 1985 and 2005, fodder crops did not: on average, they saw an 18% production drop as a 26% loss in harvested area overrode an 11% increase in yields.

Another important point noted was that the allocation of crops to non-food uses, including animal feed, seed, bio-energy and other industrial products, affects the amount of food available to the world. Globally, only 62% of crop is allocated to human food, versus 35% to animal feed,which produces human food indirectly, as meat and dairy products and 3% for bio-energy, seed and other industrial products.

It was also found that a striking disparity exists between regions that primarily grow crops for direct human consumption and those that produce crops for other uses. North America and Europe devote only about 40% of their croplands to direct food production, whereas Africa and Asia allocate typically over 80% of their cropland to food crops. Extremes range from the Upper Midwestern USA with less than 25% to South Asia with over 90%.

?So,? Jones said, ?as we face the twin challenges of feeding a growing world, while charting a more environmentally sustainable path, the amount of land and other resources, devoted to animal-based agriculture, merits critical evaluation?. For example, adding croplands devoted to animal feed (about 350 million hectares) to pasture and grazing lands (3.38 billion hectares), we find the land devoted to raising animals totals 3.73 billion hectareswhich is,75% of the world?s agricultural land.

The study also noted that, meat and dairy production can either add to or subtract from the world?s food supply. Grazing systems, especially on pastures unsuitable for other food production, and mixed crop?livestock systems can add calories and protein to the world and improve economic conditions and food security in many regions. However, using highly productive croplands to produce animal feed, no matter how efficiently, represents a net drain on the world?s potential food supply.

So according to Jones, the environmental impacts of agriculture included those caused by expansion,when croplands and pastures extend into new areas, replacing natural ecosystems and those caused by intensification, often through the use of irrigation, fertilizers, biocides and mechanization. Agricultural expansion has had tremendous impacts on habitats, biodiversity, carbon storage and soil conditions. In fact, worldwide agriculture had already cleared or converted 70% of the grassland, 50% of the savanna, 45% of the temperate deciduous forest, and 27% of the tropical forest biome.

?Today? said Jones, ?agriculture is mainly expanding in the tropics, where it is estimated that about 80% of new croplands are replacing forests?. This expansion is worrisome, given that tropical forests are rich reservoirs of biodiversity and key ecosystem services. Clearing tropical forests is also a major source of greenhouse gas emissions and is estimated to release around 1.131015 grams of carbon per year, or about 12% of total anthropogenic CO2 emissions28. Slowing or halting expansion of agriculture in the tropics, will reduce carbon emissions as well as losses of biodiversity and ecosystem services.

Photo: Neil Mathew

Photo: Neil Mathew

Agricultural intensification has dramatically increased in recent decades, outstripping rates of agricultural expansion, and has been responsible for most of the yield increases of the past few decades. In the past 50 years, the world?s irrigated cropland area roughly doubled, while global fertilizer use increased by 500%, with over 800% for nitrogen alone. Intensification has also caused water degradation, increased energy consumption, and widespread pollution.

Of particular concern is that some 70% of global freshwater are devoted to irrigation. Furthermore, rain-fed agriculture is the world?s largest user of water13,38. In addition, fertilizer use, manure application, and leguminous crops,which fix nitrogen in the soil, have dramatically disrupted global nitrogen and phosphorus cycles, with associated impacts on water quality, aquatic ecosystems and marine fisheries. Both agricultural expansion and intensification are also major contributors to climate change. Agriculture is responsible for 30?35% of global greenhouse gas emissions, largely from tropical deforestation, methane emissions from livestock and rice cultivation, and nitrous oxide emissions from fertilized soils.

Today, humans are farming more of the planet than ever, with higher resource intensity and staggering environmental impacts, while diverting an increasing fraction of crops to animals, bio-fuels and other non-food uses. Meanwhile, almost a billion people are chronically hungry. The requirements of current and future generations demand that we transform agriculture to meet the twin challenges of food security and environmental sustainability.

Prof. Jones neatly summed up his analysis which demonstrates that four core strategies can meet future food production needs and environmental challenges if deployed simultaneously. Adding them together, they increase global food availability by 100?180%, meeting projected demands while lowering greenhouse gas emissions, biodiversity losses, water use and water pollution. However, all four strategies are needed to meet our global food production and environmental goals; no single strategy is sufficient.

Specific land use, agricultural and food system tactics must be developed and deployed. Fortunately, many such tactics already exist, including precision agriculture, drip irrigation, organic soil remedies, buffer strips and wetland restoration, new crop varieties that reduce needs for water and fertilizer, perennial grains and tree-cropping systems, and paying farmers for environmental services. However, deploying these tactics effectively around the world requires numerous economic and governance challenges to be overcome. For example, reforming global trade policies, including eliminating price-distorting subsidies and tariffs, will be vital to achieving the goals.

Finally to develop improved land use and agricultural practices, Jones suggested the following guidelines:

(1) Solutions should focus on critical biophysical and economic ?leverage points? in agricultural systems, where major improvements in food production or environmental performance may be achieved with the least effort and cost.

(2) New practices must also increase the resilience of the food system. High-efficiency, industrialized agriculture has many benefits, but it is vulnerable to disasters, including climatic disturbances, new diseases and economic calamities.

(3) Agricultural activities have many costs and benefits, but methods of evaluating the trade-offs are still poorly developed. We need better data and decision support tools to improve management decisions, productivity and environmental stewardship.

(4) The search for agricultural solutions should remain technology neutral.
There are multiple paths to improving the production, food security and environmental performance of agriculture, and we should not be locked into a single approach.

The challenges facing agriculture today said Jones are quite unlike anything we have experienced before, and they require revolutionary approaches to solving food production and sustainability problems.

In short, new agricultural systems must deliver more human value, to those who need it most, with the least environmental harm. That way we can ensure the 9 billion of us do not starve in 2050.

* The above article cites and paraphrases material from an analysis written and published by JA Foley et al.

=====

The writer attended ESOF2012 in Dublin as a Robert Bosch Stiftung Fellow

Source: http://rss.sciam.com/click.phdo?i=de19b0593e0c1716b7f6104519a7fee3

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Climate Change Poses Many Business Risks | TriplePundit Triple ...

Last year set records for economic and insured losses caused by natural catastrophes. Extreme weather events in 2011 accounted for 90 percent of the disasters and eight of the 10 most costly ones, which resulted in overall losses of over $148 billion and insured losses of over $55 billion. As a joint report by Oxfam America, Calvert Investments and Ceres points out, ?Climate change has already started to cause a wide range of physical effects?with serious implications for investors and businesses.? The report predicts that climate change will increase those trends.

The report titled, Physical Risks from Climate Change, serves as a guide for companies and investors when it comes to both disclosing climate risks and managing them. The report specifically looks at the risks of climate change to seven different business sectors, which include the agriculture, food and beverage sectors, apparel, electric, insurance, mining, oil and gas, and tourism.

Agriculture, food and beverage and apparel sectors

Some sectors rely more on water and other raw materials that are sensitive to the weather, and climate change increases the unpredictability that companies face when it comes to availability, quality and price. Both the agriculture, food and beverage and apparel sectors fit this bill. One example posed by climate change is the reported $56 million quarterly loss in 2010 in the agribusiness company Bunge?s sugar and bioenergy segments caused mainly by droughts in its main growing areas in Brazil.

Electric sector

The electric sector is particularly vulnerable to heat waves. Warmer than average temperatures and more frequent and severe heat waves lead to more air conditioning use, which means increased power demand in the summer, and reduced winter power demand. For example, the record-setting heat wave experienced in Texas last summer led to an increased electricity demand and contributed price spikes. Constellation Energy was forced to buy incremental power at peak prices, and the after-tax impact on third quarter earnings was a reduction of about $0.16 per share.

Mining sector

The mining sector is very water and energy intensive, which makes the sector vulnerable to droughts and changes in rainfall patterns and levels. In 2011, Rio Tinto?s Australian operations were hit by cyclones, heavy rains, widespread flooding and a related train derailment in 2011. This caused a five percent decrease in iron ore shipments from its Pilbara operations, restricted production at its Argyle diamond mine, and a six month shutdown of the processing plant at the Ranger uranium mine. Rio Tinto?s earnings were reduced, as a result, by $245 million.

Oil and gas sector

The oil and gas sector often operates in extreme conditions, such as deepwater or the Arctic Ocean, which are prone to extreme weather events. Oil and gas companies are, therefore, at risk from climate impacts like extreme weather and sea level rise. The extreme flooding of the Mississippi River in May 2011, the type of flooding expected once every 10 to 25 years, restricted Rex Energy?s operations, forcing the company to reduce its expected quarter two daily production by about 245 barrels a day for 60 days.

Insurance and tourism sectors

The insurance and tourism sectors are particularly vulnerable to climate change. The insurance sector has to pay the bill for insured losses caused by weather-related events. In 2011, insured losses for floods, storms and wildfires exceeded $55 billion. The tourism sector is particularly vulnerable to extreme weather events and long-term climate changes. For example, during the 2011-2012 winter, total skier visits to Vail Resorts? six mountain resort properties declined by over 15 percent due to lack of snow.

Photo: Flickr user, marnanel

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Source: http://www.triplepundit.com/2012/07/climate-change-poses-many-business-risks/

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