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Lillimae Woode
Attended South University
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Lillimae Woode

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2015 motto
 
"Do not follow where the path may lead. Go instead where there is no path and leave a trail.” – Ralph Waldo Emerson. Like and share if you agree!
www.thetravelacademy.com
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Looks beautiful!
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So much to see in so little time! 
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Amid the tragedy, euphoria and confusion in Ukraine, the risks of renewed confrontation between Russia and the west are rising. An east-west struggle over the fate of Ukraine would be a tragedy for the country – increasing the risks of civil war and
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So what IF the US economy collapses, but furthermore WHEN?

Given just in the matter of a couple of hours, if the House Speaker and President have not come to an agreement,  October 17th, 2013 will be labeled as the 1st day of the failure for fiscal responsibility by all members of the house and senate but also the 1st day in American history that the US fiscal crisis defaults on its loans to China and Japan.

Realistically many American people are already appalled at this whole situation and have been deeply impacted in their lives by furloughs, sequestering, lack of quality paying jobs, unemployment and of course the not yet tapering to the markets expected to be implemented after the next 6 months of the debt ceiling expansion. Considering that the holidays are around the corner in the US, its important to hold off tapering and further sequestering in order to prepare for it in 2014 as the new Fed Chair, Janet Yellen takes on these challenges.

What to expect IF this debt deal is not passed? What will be impacted?

Stock Market Crash
Down grading of the US credit rating
Money Market Crash – Banks will lock up lending
Relapse into another Recession
Dollar Currency Devalued
Financial Institutes will not be able to lend – Colleges loans, 1st Time Home Buyers, Public Programs not available, etc.

So WHEN will this collapse happen?
Although October 17th, 2013 is not definite date that US debt holders are due their payments but rather, its when the US Federal Government will no longer be able to assist with these payments. The US will be able to pay towards its interest then rollover its principal but this method does not do any good in the long run, as most American have experienced this on a smaller scale with a credit card, college, home or car loan, the US needs to figure out where to pull funds out of to continue its payments.

As this gets sorted out, time is ticking and will quickly arrive to January and February of 2014 when the debt ceiling again hits its “limit”. An option that was stated by a member of Congress suggested that every US citizen would need to pay $53,000.00 in order to pay “their portion” of the debt, but of course this is not realistic seeing how much the majority of Americans salaries are after taxes. So the next options are to look at the check and balances of entitlements and programs. This involves a large number of expected promises that the American are currently or just about to begin to living off of. Such as Social Security benefits, Medicare, Pensions, and a host of other programs that assist Military members, vets and their spouses, the homeless, small and large businesses, a variety of research institutions and lastly, GDP growth. Without these checks and balances the US will face a collapse by the 1st quarter into 2014 but until then, the time has allotted the availability to bring together possible options of resources without a collapse or recession.

The impact of the US failing to accomplish a strategy to avoid this financial crisis, will ripple into other countries as the US dollar could lose its ground as the reserve currency and currencies like the Yen or Euro will replace its uses and cause global trade to become more expensive. Another point of concern is towards Japan continued economic recovery, that by the US defaulting  would slow the abenomics stability within their economy. So the importance of how the US recovers from its current horrific reputation has left many to ponder the statement China made in regards to the US linked below.
China's official news agency calls US hypocritical, saying the fate of the world's people should not be entrusted to such a dysfunctional government.
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Type C Securities

The NASDAQ froze today as liquidity dried up for over three hours and although many say it was caused by a software glitch, similar to Goldman Sacs and Facebook not too long ago, still $5.7 Trillion went locked up shaking the confidence and even more reminiscence of the impact that previous glitches had totaled 1000 points to drop on the DOW.

The owner of the NASDAQ, the NASDAQ OMX took the initial hit when the platform locked up as almost a 4% drop on the share trades resulted just before the the markets closed. Many had the option to cancel their orders on any of the 150 stocks within the NASDAQ; such as those trades on Apple, but with trading volume so low, many may have almost missed this unique event. Even though a rebound of its losses back into the market can be achieved, this event didn’t cause any ripple effect into the other markets due to the confidence drop.

I expect the markets will recover just fine but many will still be left in questions of its effectiveness over time as this economy continues to try to find a steady ground for sustainability.
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Swiss Franc shock impacts major currencies
The Swiss Central Bank surprised markets yesterday by removing their minimum exchange rate floor of 1.20 against the Euro and also lowered interest rates to -0.75%
As a result GBP/CHF dropped by 35% in one day.

https://www.fairfx.com/blog/read/1094

#swissfranc
<img class="referrer_blurb img" src="http://fairfx.com/static_blob/CHF.png" alt="header" width="80%"> <font style="font-size:18px; align: left; font-family: Helvetica;"><b>Swiss Franc shock impa...
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Beautiful!
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Life is full of adventures! 
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Lillimae Woode originally shared:
 
Xin nian kaui le
To the Year of the Horse.
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Looks Like Santa Has Some Competition in The North Pole

Both Canada and Russia have applied for access to conduct research at the North Pole which would allow them to gain access to resources that follow under the guidelines of the United Nations Convention Law of the Sea (UNCLOS). This issue may seem simple but in fact its quite complicated when looking at the requirements and following the laws that regulates access to the Arctic.
 
The UN established a treaty in 1988 to provide guidelines as to how and where regulations apply for those states looking to explore the Arctic and surrounding areas. It discusses the lengthy process required for access to the Arctic as only one state is allowed to have access for ten years or longer depending on when the initial par taking of the treaty occurred. Once the claim has been submitted of the states outer limits, it will then become final and binning once approved. Any claim submitted that does not provide sufficient enough data will not be granted and loosing their opportunity to claim resources found during that time, which was the first case for Russia in 2007.

UNCLOS indicates that Canada, Russia, the US, Denmark, and Norway all have their own territory sector up to the North Pole but no state has sovereign authority over the Arctic. All neighboring states are given the rights to regulate its territory along their coastal states within the Exclusive Economic Zone for environmental pollution responsibility. The waters are regulated by straight base line activity that allows the use only for navigational purposes and not international straight and commercialized purposes. This protects from disrupting the Indigenous peoples use of the Arctic as they use the ice as though it were land and it also protects the ice from any cargo ships from having accidents such as oil spills and other environmental hazards.

The UNCLOS goes on further to explain that in order for explorers and scientific researchers to be granted access to the Arctic, they first have to establish file a claim to the UN detailing their states straight line base along their coastal water line, provide calculations of the territories 200 nautical miles of their continental shelf, its slope, and the rise from the feet of the slope is, also provide if requesting for the maximum allowed area up to 350 nautical miles towards the Arctic where the thickness of the ice ends along their continental shelf and to include measurements of any ridges along the Arctic area in their territories and submit records of any ridge changes as the ice melts and refreezes so on and so forth.
Now the territory that Russia has, the Eastern Arctic, Russia is applying their passage from a sector point of view and would like to see more activity throughout the ports in neighboring states. As the ice melts, its makes traveling through these waters easier and without a surface vessel ice breaker like the Chinese Snow Dragon sent to the Antarctic to rescue a Russian Research ship that has been reported in the news recently. Looking at this stand point from a business perspective, the coast savings from the distance alone by using the Northwest passage instead of the Panama Canal is a no brainer but as of right now, the dangers involved are extremely high and most insurers are not willing to cover vessels or the cost outweighs the decision.

In any case, the argument between Canada and Russia is the fact that Canada staked their claim for the Arctic with the UN before Russia. This is important because the amount of money Russia has already invested and with their previous claim that reports oil and natural gas resources they claim, are sitting for possibly ten years until Canada's researching time is over. Russia has now sent out its military to its territorial limits in the Arctic to protect its interests. These disputes happen quite often and although the UN has entertained a number of them, along with the 21 member commission, neighboring states are usually able to compromise without interventions.

The video linked below provides further details to the United Nations Convention on Law of The Sea.
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As Telagana continues to work out its growing pains as the 29th state in India, many are still split on this new development for Hyderabad. This is a historical moment in India's history as this new state builds its future and new opportunities in todays developing world.
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People
In her circles
23 people
Have her in circles
44 people
Jacob Porter's profile photo
Harish Goutam's profile photo
efri yansyah's profile photo
Chevo Gonzalez's profile photo
Diane Bachman's profile photo
KuPi Yeu's profile photo
Rohail Funter's profile photo
leke princeodumade's profile photo
Sinisa Stevanovic's profile photo
Education
  • South University
    MBA International Business
  • National American University
    Bachelor of Science Emphasis in Management
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Time to travel, Love to learn, Meet new people and Explore uncharted territory.
Introduction
MBA graduate specializing in International Business. Seeking career advancement to utilize current MBA degree abilities and leadership qualities.
Bragging rights
Traveled to 11 different countries & a novie in six different languages.
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Gender
Female
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Networking