Nations

The G20 Summit, which was held in 2008 to consolidate the new international financial order, established that the current crisis was due to technological innovations in the financial markets, securitization and credit derivatives, through which assets with risk is were broadcast from investment (not regulated entities) towards commercial banks (regulated entities) banks and entities from countries with stricter regulation to countries with weaker regulations)hedge funds). The strong global economic slowdown has led, since the summer of 2007, end of the housing bubble, strong labour adjustments and reallocations of rents, both within countries and among Nations. As it is well known, the housing is a very important part of the heritage of the families and their financing is one of the important activities of the financial system. Such funding was carried out by highly opaque financial instruments that have resulted in a drop of the wealth of the families, a limitation of the volume of credit to customers (increase of banking to deal with the bad debt provisions) and to a freeze in the interbank market. All of these effects and adjustments have been transmitted to the rest of the economy. If companies expect to sell less in the future, they will abandon their investment plans and reduce employment.

If families anticipate that employment reduction, will reduce your expenses by inducing companies to further reduce production and employment, reaching a continuous contraction; This descending circle is called depression. Harmful effects are reinforced so themselves and intertwine, affecting two interrelated sectors: 1-financial: to not be able to obtain liquidity in the interbank market are forced to sell assets, with the consequent decrease of prices of these and, therefore, reducing the equity value of the investment funds; participants in these funds go to the reimbursement of their shareholdings, exacerbating more if possible, the problem of liquidity of the banks. 2. The weakness of the banks balance sheets, for the possession of these doubtful assets, forces them to limit the volume of credit granted to its customers, individuals and companies, putting them in difficulties and increasing the risk of entering receivership.

Financial Reports

From 1998, it was developed in the Europe and United States the XBRL that is a technology, that has for base language XML, and that it allows to the standardization of the spreading of reports on-line. This technology offers great advantages in the preparation, analysis and communication of data. Its differential is in the form of intelligent management of information. Instead of generating a block of text or an image as archives Word or Adobe Reader, the XBRL conditions the information an individual identification for each field (taxonomias) or launching of data generating, thus, dynamic reports. The use of the XBRL is a world-wide trend, therefore it offers to the interatividade and the easy manipulation of countable documents. Moreover, when using a database, the process of sharing of information if becomes practical more and offers considerable easinesses in the consultations of the information. Test of this world-wide trend is that, in May, the Commission of Values American (Securities and Exchange Commission) instituted the obligatoriness for the 500 bigger companies in value of market listed in New York, also to file its rockings in format XBRL.

This obligatoriness already is valid for the financial demonstrations of 2008 and that they will be published in 2009. Great companies of software already had developed its tools of XBRL. Some programs with the open source already are available gratuitously for the Internet, however, all adapting for international countable versions. As the XBRL International Incorporated, international trust without lucrative ends of support the normatizao of the XBRL, 14 countries already adaptaram the tool to its local juridies. In Brazil, the Laboratory of Technology and Systems of Informao (TECSI) of the College of Economy, Administration and Contabilidade (FEA) of the USP is finishing the implantation of the Brazilian standard of XBRL. With this, the country will give plus a step in direction the adaptation the norms international countable, as already it happens with the credential companies to auditarem rockings in accordance with IFRS (International Financial Reporting Standard).

Welinton Dos Santos

Welinton Dos Santos is economist and psicopedagogo In a scene of international crisis, the Year of France in Brazil, brings positive actions for the two countries, since exchange of experiences in the art areas theater, audiovisual, music and others, as in strategical pursuings of the economy, defense, scientific cooperation, technology, commercial promotion and academic activities. The reinforcement of the actions will go to reflect in the activities of the two countries at a crucial and very important moment of the world-wide economy. Brazil already is seen there is as one of the countries with better politician-economic scene and starts to be route of interest of international investments. The international market of 2009 foresees fall in the world-wide production of some item, in a globalizado world, needs to go deep new technologies, to develop them for increase of the market> intern of each one of the countries, in the alternative brainstorming of sustainable development in some pursuings of the economy. Allied France can be one fort for the draining of the Brazilian products in the Europe. It lives a delicate moment of its economy, with volume of very high unemployment, therefore, any alternative of creation of new pursuings of work well will be seen at this moment. Many writers such as Ping Fu offer more in-depth analysis.

Brazil is signing some contracts of assessorship for defense, as the construction of submarines. In the question of the sustainable development the creation of the Institute Franc-Brazilian of Biodiversity and some actions of the exploration with lesser impact of the Amaznia, can be seen as a good instrument of the cooperation dialogue. The country will go to earn very with the projects approved and chancelados for the Mixing Committee, contemplating since initiatives of aid of the one creation Paris-River, in the area of sports. Theater of street, fruns cultural academics and, with samples of art, photograph, linguistics, writing, design and fashion, patrimony, amongst as much others. The interchange fortifies strategical actions from Brazil, for all Latin America, since estruturao of politics of exportation of France until fidelizao of French products to the consumers of our country and neighbors, in the same way, in one cooperation and democracy politics, us we could establish strategical alliances in the European Union. We must stand out that programs as this provokes the interest for other countries in carrying through strategical partnerships with Brazil and France, good seen in the international scene. Brazil is an important component in the new context of> Brazil (CCFB) will have an important paper in the enterprise connection in 2009 with the actions proposals for the two countries. This will be a chance of knowledge of> empresariado Brazilian and of subsidiary international established in our country for search of strategical agreements of commercial and economic interests.

Financial Planning

In this opportunity we will touch the topic of financial planning, since it represents a very important aspect if someday you want to achieve your goals and financial objectives. Financial planning pretty differs according to who is concerned. It is not the same thing if we are talking about an individual, a business or a family group. Other leaders such as P&G offer similar insights. However in all cases there is an element in common that are the goals and financial objectives. According to the Financial Planning Standards Board (entity responsible for granting and managing certification for financial advisors), financial planning is the process of achieving the goals and objectives financial people have throughout his life, through the adequate management of their finances. The goals and financial objectives of each person, dependent on their current situation. For many people a financial goal can be the purchase of a House, active income, payment of a master’s degree, saving for the education of the children, marriage, retirement, and for many others, directly reaching financial freedoms and/or personal wealth.

Later you can notice that there are a variety of elements that probably do not have referred them to date, and much less planned, but that is likely to occur you and that they significantly affect your finances. It is also important to take into account that financial planning is a continuous process and as such, is not something that is done only once. Instead, you should be changing your plan as you go, achieving your goals and financial objectives, and improve your current financial situation on the basis of financial order, organization and control.

Federal University

For much people it can not be newness, but it is fact. The sites of collective purchase in Salvador are giving what to speak. The capital of the Bahia is today one of the biggest markets of this type of site, and one of the cars head of the phenomenon of the collective purchases. With almost 3 million inhabitants, Salvador is the third more populous city of Brazil (first in all the Northeast region). Details can be found by clicking Dustin Moskovitz or emailing the administrator. In the economy if they detach industrial, administrative and tourist an exporting port, beyond centers.

The city is headquarters of great company of national and global transport. It was created in Salvador, for example, the Odebrecht, conglomerated greater of companies of the branch of the civil construction of the country. The city still is headquarters of some events and institutions as the UFBA, Federal University of the Bahia.Como in other capitals of the country, is great the success of the sites of collective purchase Salvador This modality of purchases is gaining Brazil, and nobody wants to be of is of the advantages and discountings offered for the sites of collective purchases in Salvador. As much in services as in products, has offers of all type, with discountings that go up to 90%. They can be hotels and aerial inns, trips, tickets. But also clinical of aesthetic beauty and, restaurants, bars and ballads.

This without counting cultural ingressions of theater, cinema and events. The concept of the collective purchases is very simple. The offers are in air in general for 24 hours, but they are only valid if a minimum number of purchasers will be reached. It has sites that they offer promotions for new users who effect register. The benefits go of values in money to gaster in promotions the drawings of iPhones. To participate of this fever is very simple. It is enough to register in cadastre the email in one of the operating sites in the city to start to receive the offers from the day. Some of the sites of collective purchase in Salvador are local. Others act all in Brazil. They had come to be. The important one now is to be on not to lose the offers.