Is Romney's son betraying his father for an investment?
The son of US presidential candidate Mitt Romney visited Moscow this week, writes The New York Times. One of the candidate’s five sons, Matthew Romney, allegedly was looking for Russian…

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Credit treat for scams
Lending to individuals is growing faster than the corporate borrowing market. In April, the volume of money issued to Russians for personal needs increased by 3.8 percent compared to 2.4…

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LIBOR: time to change bets
The key LIBOR rate for credit markets is going to be modernized. City of London, New York Wall Street and regulators on both sides of the Atlantic are seeking a…

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Howard Lovecraft

How Mayans and Cherokee helped insurers

Insurance at first glance seems to be a serious form of economic relations, designed to protect people, their property and affairs from all sorts of dangers. However, if you dig deeper, it turns out that the insurance industry is a repository of funny human phobias, illusions and stupidities. There are frequent cases when people are insured against otherworldly things.

For example, it was said that a group of organizers of the esoteric festival turned to the Latvian insurance company Balta with an unusual request – to insure them from the end of the world, which, according to the Mayan calendar, is supposedly expected on December 21 of this year. However, this is not so rare.

In Germany, for example, there are unusual types of insurance business that Sir Hucklebury offers. The company insures against 50 “vicissitudes of fate”. Insurance rates range from 12 euros per year, depending on the nature of the vicissitudes …

In addition, “Sir Huckleberry” insures against getting stuck in an elevator, shooting with a hidden camera for the purpose of rallying, double-marriage, the disappearance of an erection in men, the collapse of a particular musical group. Continue reading

Gold remains a reliable asset
The market of precious metals after the New Year surprises with its diversity. The search for fallback options for traders and investors leads to a natural increase in gold and…

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Eurozone has found a way out for Cyprus
The economic situation in Cyprus improved after the Eurogroup decided to provide Nicosia with financial assistance in the amount of ten billion euros. According to experts, the acute phase of…

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Bookkeeping for beginners
What are the principles of the organization’s accounting? How to properly build her work? Probably, any aspiring businessman who decided to open his own company, but who did not have…

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Three reasons for the outflow of capital abroad
Over the past month, investment funds focused on Russia withdrew about $ 150 million from the country. It is noted that the outflow for the last week of October amounted…

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