What is Balance sheet

A statement of a firm's financial position as of a given date, listing assets in one column and liabilities plus net worth in the other. Each item is expected to be listed at its actual or estimated money value. Total and the two columns must balance because net worth is defined as assets minus liabilities.

What is Allocative efficiency

Allocative efficiency is a situation in which no reorganization or trade could raise the utility or satisfaction of one individual without lowering the utility or satisfaction of another individual without lowering the utility or satisfaction of another individual. Certain limited conditions, perfect competition leads to allocative efficiency. this is also called pareto efficiency.

Budget Deficit

For a government, the excess of total expenditures over total receipts, with borrowing not included among receipts. The difference of the two is the budget deficit that is ordinarily financed by borrowing.

What is Budget

A budget is a spending statement of an account for a year, a planned procedure, planned expenditures and expected receipts. This is a term commonly used by a government when an estimate of how much the government will spend for the particular year, government budget are usually funded by tax payers money and this tax payer's money is the expected receipts.

What is Benefit principle

Benefit principle is the principle that people should be taxed in proportion to the benefits they recieved from government programs.

What is Asset

Asset is a physical property or intangible right that has economic value. Good example of an asset are land, building, copyrights, money and bonds.

What is Debt

Debt is the terms used to describe money owed to a lender. Companies, individuals and consumer can be in debt, as long as you own anyone money you are in debt with them. A commonly discussed type of debt is the usually creditors debt.

Bond

In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) and/or to repay the principal at a later date, termed maturity. A bond is a formal contract to repay borrowed money with interest at fixed intervals

Stock Exchange

A stock exchange is a firm allows trading environment for stock brokers and traders, to trade stocks bonds and options. Stock exchanges also provide facilities for the issue and redemption of securities as well as other financial instruments and capital events including the payment of income and dividends. The securities traded on a stock exchange include shares issued by companies, unit trusts, derivatives, pooled investment products and bonds.

Woman fired by CITI (C) bank

when it come too ex-employee and ex-employer's relationship, the story sometimes is unclear, crazy and unbelievable, especially when it comes down to the he said she said story.  This is the case with a woman who claimed she was fired by CITI (C) because the bank boss complained-during the time that she was still employed that she dress too sexy. She said her boss said to her the she distracted other co workers Debrahlee Lorenzana has been fired months ago, the Citi bank publicist stated that she was fired based on work performance. who would you believe in these statements and why did she wait for so long to take action if it was true that she was fired unreasonably?.

IPhone 4

             Apple IPhone 4 will be hitting the store in a couple of days, projected to be around June 24 of 2010, as usually we expect all Apple gadget fans to flood the stores. According to surveys conducted by http://investingport.com we found out that many fans are willing to camp overnight just to guarantee that they are able to buy one before it is sold out with the hyped IPhone coming out, stock market analyst expect Apple stock to trade higher, Apple has found its way to reach out to its consumer by providing very durable and new high technology product version by version bases. Apple stock is currently trading at $250.51, upon the gadget reaching the store shelf we believe apple should at least gain over 5 points and this will increase gradually, as long as no bug comes with the IPhone.

Cool Features of the IPhone 4
1.  Easy New way to Multitask, IPhone 4 will allow users to run other 3rd party apps and able to switch back and forth between applications.
2. High skilled Camera for easy sharp and more clear pictures and video recording.
3. Suitable for Video Calling, Hd video recording and editing
4. New designed flat frame.

       Recently there has been a security concern about apple product Ipad, Ipad was released to the market a while ago, consumers loved it and most people rushed to it, but the security bridge is the problem as computer hackers were able to brake into AT&T security and they had access to peoples email account and other files. AT&T said they have blocked the leak and they will tighten up security. What we are thinking now is; will the same thing happen to IPhone 4? or will another problem occurs, what is your take on this topic ?
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New iPHONE 4 4G

6 May 2010 Stock Market Crash