Archive for September, 2010

Why Are The Cheapest Oil Prices On The Stock Market Not Reflected By The Cheapest Oil Prices For Home Heating?

Why Are The Cheapest Oil Prices On The Stock Market Not Reflected By The Cheapest Oil Prices For Home Heating?

A question often asked is “why is home heating oil not the same price as it was when crude oil was this price?”.

Such a question made headlines in NI (Northern Ireland) in late 2008. A home heating oil website that monitors the cheapest oil in Northern Ireland looked into whether there is a case to answer.

There may be discrepancies but the biggest reason for the difference is in the exchange rates (as oil is priced in dollars).

In November 2007, would have been just over £30. In November 2008, would be around £40. This sort of difference alone would mean oil priced at £300 in Northern Ireland one year could cost £400 the following year in Northern Ireland.

If the price of crude oil remains steady and the pound gains strength against the dollar then there is no reason why we can’t see even cheaper home heating oil.

For the UK, including Northern Ireland, the big question should not be how many dollars a barrel of oil is but how many pounds a barrel of oil is. Although the crude oil price has dropped quite a bit, consumers haven’t got the full benefit of it because oil is priced in dollars and the pound has been weak recently against the dollar. For example, anything that cost US would translate as £22 in the summer but cost £30 now so the exchange rates have been working against the price drops of oil.

However there is only so far it can go. Oil distributors, including those in Northern Ireland, would be quick to point out that they sell kerosene, not crude oil and that other cost factors need to be taken into consideration. If the price of a barrel of oil was free, that doesn’t mean someone is going to get it refined into kerosene and deliver it to your house for free. There are costs that are going to be more static than the stock market prices.

 

Cheapest Oil Limited is behind the most popular home heating oil website for Northern Ireland.



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Emerging-Market Stock Inflows Rise to Seven-Week High
Emerging-market stock funds drew the most inflows in seven weeks and commodity funds posted the best week since early June amid speculation central banks globally will provide additional stimulus, EPFR Global said.
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Posted by xblackmindx - September 24, 2010 at 6:01 pm

Categories: Ireland Stock Market   Tags: , , , , , ,

treading boldly the unseen paths – leadership of the blind

treading boldly the unseen paths – leadership of the blind

Out of the troubles in Northern Ireland have come stories of tragedy and of triumph, stories that appal and stories that inspire. The world was stirred by Gordon Wilson’s words after his daughter was killed in the horrific bombing in Enniskillen on Remembrance Day in 1987. ‘I bear no ill will,’ he said. It was an act that stirred deeper emotions than hate and revenge. Now as Catholics and Protestants learn to put the past behind them another story is emerging that deserves wider recognition.

It is about a man whom the Dalai Lama has called a friend and a hero because ‘when I talk about forgiveness, he lives it’. The Tibetan Buddhist leader even admits that if he had been put in the same situation he could not say whether he would be forgiving or not.

10-year-old Richard Moore was lying on the ground in Derry, his nose totally flattened, with eyes torn from their sockets and hanging close to his cheeks, his face a mass of blood; he was unrecognizable. He had been struck at a close range by a rubber bullet shot by a British soldier. The bewildered, frightened lad was calling out, ‘I wasn’t doing anything. I wasn’t doing anything.’ He was just running home from school. It was daytime as he lay but everything around him was dark; he didn’t know then that he was blind. It was 4 May 1972.

Richard’s journey of the last 37 years is a saga of faith and extraordinary achievement. His autobiography Can I Give him My Eyes has just been published. The title comes from words his father spoke when the doctors broke the news that he would never see again. The book is dedicated to his parents for their deep Catholic faith and courage and example of forgiveness and to his wife and two children for the sacrifices they made to allow him to follow his dreams and hopes. His mother had to contend with the fact that her brother was one of those killed only a few months earlier on Bloody Sunday, leaving eight children and a pregnant wife, and yet Richard never heard either parent say an angry word about the soldier who shot him or the British Army. ‘My parents lived their religious beliefs with quiet dignity and preached them without words. Their belief in a loving God and in particular, the example of Jesus on the Cross, convinced them that forgiveness was the key to inner peace.’

An extraordinary life experience has  flowed from his being shot and from his immediate acceptance of his fate and without bitterness. ‘In the circumstances, I readily acknowledge that bitterness was an option, but it was one I chose not to take. I went to sleep and next morning I awoke and got on with life.’ We discover what it took for him to learn to live without eyes, to lead a folk group, to become a licensed radio operator, to gain a university degree,  to go on to found a charity, ‘Children in Crossfire’, that has helped millions of children and communities throughout the world over the last thirteen years.

And even more, the extraordinary comments which he makes: ‘I have never allowed that experience to make me feel bitter or hamper me in any way’, ‘Blindness is not such a terrible thing.’ ‘No one has a franchise on suffering’. As he describes working with children in a village in Africa for the first time – no running water, no electricity, lots of sickness, hunger and yet meeting smiling faces and a jolly atmosphere, he  remembers thinking that if being shot meant that he would have the opportunity to work in this area, then it was all worth it. Even if he were to get his eyesight back ‘it would be nothing in comparison to what I have had’. Royalties from the book will go to ‘Children in Crossfire’.

All through the years there was growing in Richard the feeling that he needed to complete the other half of his story, to meet the man who shot him. After a long and eventually fruitful search, and then careful approaches to ensure the soldier didn’t feel threatened, the contact was made.

Richard has travelled widely but the 45 minute flight to Scotland to meet Charles was for him ‘the longest journey of my life’. The two men talked for almost four hours. ‘I was happy in his company. He understands the hurt that I have come through. Once you humanize a situation like mine it is amazing how all the myths evaporate. I didn’t see him any more as a soldier but rather as a grandfather, a father, and a man who had his own difficulties and traumas.’ Richard now regards 14 January 2006 with almost equal significance to 4 May 1972. He has since stayed in their home with the soldier and his wife.

In 2007 the Dalai Lama visited Richard’s home town. He says that he thought of the many material gifts Richard might have presented him ‘but the greatest gift he could give was to introduce me to the man who blinded him’. At a public occasion the Tibetan leader  introduced Richard and Charles on stage and a standing ovation was given them both. The Dalai Lama writes in the book’s foreword, ‘As one of the bedrocks of the Peace Process he is an important example to us all in a world where strife and conflict continue to generate pain and anguish.’ Despite Richard’s loss he has found freedom though forgiveness and set an example for international relations for the entire world: ‘This is non-violence in action.’

‘Blindness I regard as a gift,’ says Richard. ‘I have embraced blindness not treated it as an awful affliction. In many ways I have used it to my advantage. I am involved with the children in Africa as a result. My blindness has made me the man that I am. By forgiving the soldier I am not going to get my eyesight back, but forgiveness can change the future, and that’s what happened in my case.’

On the issue of the future of Northern Ireland, he says, ‘I am more and more certain that the orange and green traditions on our island must embrace. Our future lies in shared respect.’ Another Derry man, Nobel Prize winner John Hume, writes in the preface, ‘Like many people I am deeply grateful for the journey that Richard Moore has taken, beyond injustice and personal disability to the strong, inspiring and immensely fruitful life he lives today. He provides us with a vision of hope and open-heartedness well beyond the culture of fear that led to his injury.’

Michael Henderson, Devon journalist and author of ten books including ‘No Enemy To Conquer’, with a forword by the Dalai Lama, and ‘See You after the Duration’ about the evacuation of children to North America in World War II. Website: michaelhenderson.org.uk

RNIB Sight Loss Event at Stormont
blinds northern ireland

Image by DUP Photos
DUP MLA for South Belfast Jimmy Spratt attending an event organised by the Northern Ireland area of RNIB to highlight problems faced by blind and partially sighted people in Northern Ireland

This is a little clip I shot at around 6:00am, hence it being small. I was tired so I went back to bed =] Sorry the blinds were still half shut. The lightning was just plain old sheet lightning, but the thunder was very boomy. Filmed over Guildford in Surrey.

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Posted by xblackmindx - September 22, 2010 at 4:52 pm

Categories: Blinds Northern Ireland   Tags: , , , , ,

Forming partnership agreements in Ireland

Forming partnership agreements in Ireland

Are you interested in starting up a small business as a partnership, or do already have a small or medium sized enterprise and want to bring in someone new as a partner? If you answered “yes” to either of these questions then there are certain legal partnership agreements that you will need to consider.

What Constitutes a Partnership?
A partnership is when two or more people decide to go into business together and equally share in its profits. Because it is relatively easy to set up, partnerships are a very popular way to form a business. All partners involved are considered self-employed. It is widely advised that such business set-ups be governed by partnership contracts.
Unlike other business structures, the legal entities consist only of the partners (no shareholders, etc.). Should something unfortunate happen to the partnership (bankruptcy, resignation or death of a partner), the partnership must be dissolved. In this scenario, a partnership dissolution agreement is advised. However, the business can continue to function whilst a new structure is put into place.

Partnership Agreements and Liability
Unlike a “limited” partnership, all persons in a partnership are liable for any debts or liability that may occur from the business. In Northern Ireland, partners are not severally liable. This means that no one partner has to pay off the entire debt. However, should a partner resign, the remaining partners may be liable for the debt that remains. In the case of insolvency, creditors can go after the assets of any or all partners.

Because of these legalities, it is best that you research the proper partnership agreement.

How Do I Set Up a Partnership?
There are several recommended steps to follow in order to form a successful business partnership. Listed below are some of the most important factors you should consider.

 

Create a business plan.
Enter in a legal business partnership agreement. Standard partnership documents are available online.
Have your financing worked out, open a bank account, and obtain the services of an accountant.
If you use your own name, you won’t need to register. However, most do not which necessitates registering the name of the business with the Business Names Register at the Companies Registration Office.
If you plan to hire employees, it’s necessary that you become acquainted with the Safety, Health and Welfare at Work Act of 2005.
Find out if you need to obtain a business license to legally run the business. In Ireland, enterprises that always require a business license include pubs, employment agencies and driving schools.
Register for all the taxes; VAT, PAYE and Income Tax.
Find a suitable location from which to run your business.
Consider the types of insurance you will require (liability, fire, etc.).

Online Business Partnership Agreements
Whether you’re starting up a business partnership or adding a partner to an existing business, it is often recommended that you have a solicitor draw up the necessary partnership documents.

However, there are many reputable online websites that offer very affordable partnership agreements without the need for hiring a solicitor. One such site is Net Lawman.

Net Lawman has partnership agreements that are suitable for all types of business partnerships in Ireland along with full explanatory guidance notes. Should what you need not be on their list of standard document agreements, they will draft one to suit your specific needs. For specific information on partnership agreements visit netlawman.ie

Net Lawman Ireland is an English company operated by Andrew R. Taylor. Most legal work is undertaken by Andrew and Rajeev Goswami, following are the relevant resource: Partnership dissolution agreement, partnership agreement , and confidentiality and non-disclosure

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Seadna and Mairead Billings tell the series how they took out a 100 per cent mortgage of £175000 to buy their dream three-bedroom new-build home near Belfast. The couple moved in in 2008 and soon discovered the surrounding houses were all empty. The estate was meant to have 70 houses on it, but work had stopped due to the property crash, many homes were not finished and only a small amount had been sold. The estate became a ‘ghost-estate’, one of around 621 in existence in Ireland. Seadna and Mairead tell the programme how they were living alone in their street and the derelict houses around them were soon under-siege from vandals and rodents. As he peers through the windows on the abandoned estate, Seadna says: “Fireplaces are ripped off and skirting boards taken up and doors taken off and you can just see the vandalism and theft that’s gone on around the place…it just gradually got worse and worked it’s way down closer and closer to us…we were worried, if we were going to be sitting in the living room, if there was going to be a brick come through the window.” Eventually the couple decided to leave the property and move into a rented house. Now, after being left paying rent and a mortgage, they have decided to declare themselves bankrupt and have the house re-possessed. In emotional scenes Seadna and Mairead show Homes From Hell the home they had hoped to raise a family in which is now derelict and boarded up.


Where will Real IRA threats lead? Not very far | Michael White
The history of similar outbreaks of Robin Hood terrorism in other countries does not suggest it is a winning formula In an obvious sense the Real IRA’s threat to start murdering bankers is a sinister development. But in another, Henry McDonald’s account in today’s Guardian of his dealings with the republican splinter group is PG Wodehouse stuff. All that stuff about a memory stick wrapped in a …
Read more on Guardian Unlimited

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Posted by xblackmindx - September 20, 2010 at 11:07 pm

Categories: Bankruptcy Northern Ireland   Tags: , , ,

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