Category Archives: Economics

Hong Kong protesters stand their ground

Photo Credit: q13fox.com

China has gone through many changes in modern times. Their cities are expanding rapidly, and they have one the fastest growing economies in the world. The Social climate of China is also undergoing drastic change. Its citizens want something else, democracy.

Chinese citizens have long felt the government has limited their freedoms. Several websites have been banned throughout China, such as Google. The more the country expands on a global scale, the more citizens want a true democracy.

The streets of Hong Kong have been flooded with protestors all calling for an end to Chief Executive C.Y. Lueng’s regime. China’s leader Lueng is losing his patience calling for the end of protests.

“The government and the police have the responsibilities and determination to take all necessary actions to restore social order,” Leung said in his televised address.

According to CNN, the wave of protestors were given a deadline to disperse, but remained in the streets. There were no riots, and government workers were allowed to pass.

The Hong Kong Federation of students met with Hong Kong chief executive secretary Carrie Lam on possibly diffusing the protests. This conflict might be worth monitoring, as it could negatively affect China’s economy.

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Ill-Effects of Borrowing Indiscriminately

The payday loan industry might have found its foothold fast, but several regulatory bodies are mulling serious curbs on it in a bid to protect customers from getting entrapped in viscous debt cycles. Thanks to indiscriminate borrowing and the predatory practices of lenders, the situation is quite grim today with a number of borrowers finding it difficult to free themselves of the inevitable debt trap.

Factors behind Popularity of Payday Loans

In the wake of the recent economic downturn, many borrowers have found themselves struggling to keep up with their loans. Failure to repay loans on time, on the other hand, has resulted in plummeting credit scores as a result of which these borrowers find it difficult to qualify for traditional loans the next time they need money. The absence of credit checks in payday lending has contributed to their popularity in a major way. Borrowers in a bid to meet their urgent cash needs prefer to opt for short term financing as it is free of the lengthy documentation hassles otherwise associated with traditional lending. Individuals generally don’t have to fax their documents for securing approval. Once the loan is sanctioned, the creditor sends the money to your account within 24 hours. It is this easy accessibility that has acted both as an advantage and a disadvantage at the same time. Let’s find out how.

Best Binary Options Brokers – The Good and the Not So Good

The binary option market is full of brokers, each one trying to outdo and outperform the other. Under such circumstances, it becomes difficult to choose the right one for your trading needs. This is when some due diligence is required. You can talk to your friends, family members, peers, and the ones that have already used the best binary options brokers before.

In this article, for the sake of convenience and for your enlightenment, we will discuss about the best binary options brokers and also the ones that you could stay away from. To start with, in the following paragraphs, we will check out the best binary options brokers and the features or the various aspects that make them stand out from the rest.

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