World Watching

yes? whats stopping you? If the answer is along the lines that, its expensive to set up a credible online store and make a little cash working from home then read this e-commerce article because the truth of the matter is, that it can be done for free… yes FREE and no, i’m not trying to sell you anything either all information provided on the worldwatching website is totally free of charge. 

The credit crunch may still have it’s fangs into the country and economically times may still be hard, recession still causing hardship, ebays fee’s still high and the future uncertain… BUT if you can set up a small online business and make a small success out of it now the law of averages says it should be a bigger success in better times.

The fact of the matter is people are still shopping online, albeit a bit more prudently than in the past… So if your going to sell to them you have to keep your costs down and if that means axing ebay fee’s from your overheads it can be done.

The abundance of online payment processors today also totally negates the need to have business bank accounts etc until such time as you actually find your business has grown and a business bank account is a realistic option.

An independant group has launched a plan to kickstart the US economy by co-ordinating tens of thousands of private buyers to buy $20 shares in companies listed on the Dow stock exchange on a single day to try to stimulate the ailing stock exchange.

with enough support, who knows? it may just work!

Royal Bank of Scotland has announced that it will give struggling homeowners at least six months before launching repossession action.
The NatWest parent said it was doubling the three-month breathing space currently offered to borrowers who fall behind with mortgage repayments.
News of the move comes days after the Government bought 58% of the bank’s shares for £15 billion – effectively bringing it under state control.
Stephen Hester, chief executive of the Royal Bank of Scotland, wrote in the Financial Times that the bank was “conscious that many people face anxiety” about repayments in the tough economic climate.
He said: “In our UK residential mortgage lending, and as a banker to small businesses, we are determined to serve customers well in the difficult times ahead and have commitments to Government that we intend to meet in letter and spirit.”
It is expected that other banks may also follow suit as the Government calls for greater help from banks for cash-strapped borrowers and businesses.
MPs are also reportedly working on plans for statutory codes of practice in the banking industry, which could replace the current voluntary system.
The move by RBS comes amid pressure from Chancellor Alistair Darling to ensure banks do more to help households in the current economic downturn.
RBS has already announced that it will guarantee overdraft rates and contracts for its business customers for at least a year. It will also return to “normal” lending levels, as part of the Government’s recapitalisation package for the banking sector.

Source: Virgin Media News

Our View:

It’s a sad state of affairs if it takes for a bank to be bought out by the state before it concludes that actually it’s customers are suffering under the present ecconomic climate. Once again the banks prove without doubt just how much contempt they hold their customers in.