| A Qualified Mortgage Consultant Can Outline Your Options
Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and potential tax advantages. Yes, there are certain responsibilities associated with owning a home. Landlords will often argue the benefits of renting, and for obvious reason. If you are renting, you're helping them make their mortgage payment. The numbers are staggering if you look at it this way. If you are paying $1,000 per month for an apartment, and you know your rent will increase 5% every year, then over the next five years you will pay your landlord $66,309.
Russia's Good Fortune: The Flat Tax Reform
Jon Hellevig, a Finnish citizen currently practicing business law in Moscow, sends us this article about the tremendous success of the supply side tax reforms implemented in Russia since 2002. In addition to a better climate for investors and businesses, these changes have given millions of Russians the freedom to travel, to communicate instantly via email and cellphones, and greater access to Western media networks. The social and political consequences of all of this for Russia are now being vigorously debated, but no one can deny that Russia's economy has surged forward in the last six years. -The Editors Putin's efforts to pull Russia out of political and social anarchy and strengthen statehood are starting to pay off transforming Russia into one of the best investment climates in the world while rewarding the nation with unprecedented increases in living standards.
Michelin gives big business a good name
WHEN Alex Cassie parted company with a big engineering firm in northwest England four years ago, he was looking forward to a leisurely retirement. Former colleagues had other ideas. They persuaded him to start a new business with them in Burnley, making parts for car companies, including Aston Martin, and for electrical-generator manufacturers. One problem was finding finance. A bank loan was the obvious solution, but the local Burnley Enterprise Trust alerted Cassie to an unlikely source of funds. Why not ask Michelin, the French tyre company, for a loan? It was good advice. BCW Engineering, as the new company was called, was one of the first British firms to take advantage of Michelin Development, a small-business loan scheme that has been running in France since 1990 and which was brought to Britain in 2003.
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