Overspending? MasterCard’s InControl Forces You To Stop Breaking Your Budget
It’s THE sale at your favorite store… and I mean the Big one. Even though you’re supposed to be saving up, you can’t help but get three shirts and two pants and casual shoes plus going-out shoes and a snazzy hat. As you walk out of the store happily with five bags, you get a mysterious text: You Are Over Your Shopping Budget By $120. With less of a pep in your step, you go back to return your purchases. Was it a message from your personal finance angel? Actually, this could be the future of credit cards with MasterCard’s inControl program.
InControl is designed to help customers better manage their credit use with spending controls and real-time alerts. Unlike money management sites like Mint or Visa’s alert system, inControl goes a step further to literally cut off your spending for your own good. The New Yor
Currency Gods aren’t shining on CPPIB
As promised, here’s the lowdown on how our external private equity investments are doing at the CPP Investment Board (see prior post “CPPIB U.S.A. general partner Q1 2010 performance numbers” Aug 19-10).
The overview (December quarter in brackets, in current currency exchange rates):
Paid in Capital: $16.333 billion ($16.649B)
Reported Value: $11.498 billion ($11.419B)
Distributions Received: $7.410 billion ($7.353B)
Reported Value plus Distributions: $18.905 billion ($18.772B)
Capital Calls still to fund: $12.776 billion ($13.042B)
Total Committed: $29.108 billion ($29.691B)
That looks to be a 16% increase in the net asset value of CPPIB’s PE investments over the life of the program. But there’s more to it than that.
CPPIB’s exposure to the private equity world is dropping, and that has all to do with the appreciation of the Canadian dollar. Here’s the
Why are there so many empty stores on the high street?
While the demise of UK retail chain Woolworth’s hit the headlines some time ago it is believed that in excess of 300 former Woolworth’s stores are still laying empty on high streets up and down the UK. Despite the fact that a number of companies have stepped forward to take on some of the former leases the very fact there are so many stores still empty is a perfect indication of the very difficult environment on the UK high street. The situation looks even worse when you consider the relatively low rental arrangements on offer as landlords look to at least bring in some income from these stagnating assets.
A report recently confirmed that the UK high street is struggling to make ends meet as online shopping becomes something of the norm in the UK. We have seen a massive increase in trading and purchase values from online shoppers and many believe this is just literally the start of a whole new phase in the development of the online arena.
There is likely no duty to defend an insured who is sued for a civil assault
The appeal was allowed. The Court of Appeal concluded that there was no duty to defend the respondent.
The appellant, Meloche Monnex, appealed from a judgment declaring that it had a duty to defend the respondent for civil assault and battery. The respondent was sued by Skidmore for injuries allegedly sustained in a physical altercation. The respondent took the position that the claim against him by Skidmore fell under the coverage of his home owner’s policy. Meloche Monnex relied upon the exclusion in the policy for damages arising from intentional acts. The respondent argued that he was acting in self defence when he hit Skidmore and therefore it was not an intentional act.
The Court of Appeal considered whether extrinsic evidence, beyond the statement of claim such as the statement of defence and affidavits, could be considered in determining if there was a duty to defend. However, the Court of Appeal concluded that whether or not additional materials were considered, the result was the same. If the
Unemployed? Ten Options for Finding Work Today
The economy is slowly improving but there are still a lot of people out there who can’t find work. It can be demoralizing and frustrating. However, it doesn’t have to be. Instead of worrying that you’re never going to get to do the career of your dreams, start figuring out how you can earn money today. The rest will fall into place as the economy begins to improve.
Ten options for finding work today:
- Contact all of your old employers. Did you leave your old jobs on good terms? If so then it’s worth it to contact all of your old employers and let them know that you’re in need of a job again. You may not have loved that old job but it pays the bills. And even
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