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UK House Price Crash?

Readers Question: Critically evaluate the argument for and against the likelihood of an imminent house price correction in UK ? House prices in the UK have risen much faster than inflation; in the past 6 years average house prices in the UK have more than doubled. This has caused many to speculate that house prices are overvalued and are likely to fall, in the near future, to more realistic levels. These are the arguments in favour of house prices falls. House prices have risen faster than average incomes. This has made it…

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The Models who won’t get out of bed for less than EU 10,000

The plunging dollar has hit, even the world of fashion, with top models now demanding to be paid in Euros. Gisele Bündchen, a 27-year-old Brazilian model, is estimated to have a personal fortune of $150m (£72m) She is the face of numerous brands, but, appears to take a keen interest in financial markets. She is now insisting on negotiating contracts in Euro’s arguing that the dollar is likely to continue to remain weak in the coming year, (2008) 3 Reasons to get that $10,000 photo shoot in Euros rather than dollars.US…

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Overcrowding on UK Trains

Despite rising ticket prices and lower government subsidies, demand for rail travel in the UK is increasing and beating all expectations. Network Rail have published statistics showing that demand for rail services has increased by nearly 45 per cent between 1996-97 and 2006-0. Annual growth is increasing by about 8%. Yet, the DTI is sticking to its forecast of 3% growth per year, in an effort to avoid spending more money. Demand for Train Travel is increasing for Various ReasonsCongestion on UK Roads. Demand for roads is also increasing faster than…

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UK Economic Miracles?

In the 1980s, The UK introduced many supply side policies such as privatisation, deregulation, and reform of trades unions. The government also cut the higher rate of income tax from 80% to 40%. It was hoped that these supply side policies would create a productivity boom. The government argued this reinvigoration of the British economy would enable a faster rate of economic growth, and overcome the years of under achievement. The Lawson Boom – The Miracle that never was In the late 80s, economic growth reached 5% and the Thatcher…

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Predictions Canadian Dollar 2008

Forecasts for Canadian Dollar With the Canadian dollar reaching a 130 year high, (Canadian Dollar reaches highest level since 1800 – Reuters) many are asking when the loonies upward momentum will end. The strength of the Canadian dollar is being pushed by several factors:Strong price of commodities such as oil, and precious metals. – With a booming Chinese economy, commodity prices are likely to continue being high. This will provide a long term underpinning of the Canadian dollar. If the world economy does enter recession, we can expect to see…

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Is A Strong Canadian Dollar A Good Thing?

Q. Is A Strong Canadian Dollar A Good Thing? This is an interesting question. The effects of an appreciation are good for some aspects of the Canadian economy, but, create problems for Canadian exporters.The real winners are Canadian consumers who are able to buy US goods at a much cheaper price. US border towns are reporting booming trade as Canadians make the short trip across the border to buy more goods. example: Disney World trip: Oct 2006 cost C$3,839. In Oct 2007, the same holiday would cost C$3,428 Steak dinner in…

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Predictions for US Interest Rates

October 31st, 2007, the US federal reserve cut interest rates by a quarter of a point to 4.5%. This follows on from a half point cut, a few weeks ago. The logic for falling interest rates in the US includes:Weak Housing Market – House prices falling, sales plummeting. This negative wealth effect is likely to reduce consumer spending and weaken inflationary pressures. Strength of Oil Prices – The US economy is heavily dependent on oil. Higher oil prices, effectively reduce disposable income Concerns over Credit Markets. Many financial institutions have been burnt…

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Tips on Writing a UCAS Personal Statement

Many students agonise over writing a UCAS personal statement. As a general rule, I suggest keeping it relatively simple – be honest, and give the impression you would be a suitable student for the course. Don’t worry if you haven’t got a huge list of extra curricular activities. At the same time, you don’t want to appear one-dimensional. Things to Do in Your Statement:Write with perfect grammar and spelling. Be Honest Give the impression you are interested in this subject and will be motivated to study Give the impression that you will be…