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Help Protect Your Self Storage Facility Clients From Environmental Claims

Thursday, September 2nd, 2010

The self storage industry has been one of the fastest-growing sectors of the United States commercial real estate industry in the last 30 years. There are now over 52,000 primary self storage facilities in the country, and in 2008 the industry had total sales in excess of $20 billion.* Self storage companies all over the country are acquiring new customers as people relocate and sell their homes due to the economy. Additionally, as of 2009, more than 700,000 self storage units nationwide are rented to military personnel who are serving away from their homes.

The rapid growth has forced self storage owners and managers to protect their premises from the increased activity that these sites have experienced. One of the main ways they can do this is by having a solid pollution liability insurance policy to cover themselves against potential problems that could occur from environmental exposures.

Self storage owners and managers should consider securing a Site Specific Pollution Liability policy, which will provide coverage for supervised and unsupervised self storage facilities throughout the U.S. Coverage can include: third party liability for bodily injury and property hurt claims, first party cleanup costs, and defense costs; Transportation Pollution Liability coverage for waste hauled by the insured or contracted carriers; off-site coverage for non-owned waste disposal sites; automatic Extended Reporting Period (ERP) with optional ERP of up to three years; and an optional Mold enhancement.

Claims caused by a pollution condition may not be covered via the insured’s General Liability or Property form, so it is vital for these organizations to buy more protection. Coverage can be tailored specifically for self storage facilities and their exposures, such as abandoned, potentially hazardous materials, as well as mold.

What Potential Exposures Does a Self Storage Facility Have?

· Abandoned hazardous waste
· Midnight dumping
· Mold
· Hazardous runoff during rain events.
· The accumulation of petroleum hydrocarbons in the soil.
· Misuse of self storage spaces involving activities unknown to the facility owner or manager.
· And many other exposures…

Many self storage facilities are affiliated with various associations dedicated to educating members about the challenges present in this type of operation. Some of them also provide information to members of the self storage facility industry on regulations and insurance recommendations made to these professionals. Now is a fantastic opportunity to reach out to your self storage facility clients to make sure they have the most effective coverage in place.

If you are someone searching for a self-storage site to store your valuables, make sure you choose one with the proper coverage. Don’t be caught unawares and leave your personal belongings someplace where illegal activities, waste dumping, or some other unsavory activity could be taking place where the owner of the facility has no coverage to protect you and your belongings. It is best to choose a self-storage facility that also belongs to one of the above-mentioned organizations that educates people in the industry about the safest business practices and the best coverage available.

* National Self Storage Association Website

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Motivation And Lessons In Inspiration From The Best Coach I Know

Monday, August 30th, 2010

Every once in a while you run into someone who has mastered the art of living, someone who doesn’t just go through life waiting for a certain time or place or person to make his or her time here a life of consequence, someone who doesn’t just live on the surface but really soaks it in; the excellent and the terrible; someone who treats life as right adventure.

I was recently treated to a visit from just such a person. This is a man who touched the lives of my deceased brother, taken far too young and my family many years ago. We were all so young then with our whole lives in front of us. So much time has passed imagine my surprise when a set of seemingly unrelated circumstances brought us together after all these years. (You know, as I grow older my belief in and awareness of serendipity increases!)

It seems Coach Harvey has written a book about his life, his adventures and some of the people who have left footprints on his heart. He is by his own description an ordinary man but clearly he is exceptional. What an honor to receive the book and find he has devoted a chapter in it about the special bond and relationship he shared with my brother during and beyond his days as quarterback for Coach Harvey’s team in high school. A part of the inscription he wrote in my book said “I truly hope you find joy and interest in reading this, my book of memories.” I did Coach, I really did.

After receiving the books, one for each of my family who are still here, we had the opportunity to chat on the phone. As most reunions go, there were promises of getting together for a visit the next time he passed through Phoenix. I of course thought it was another of those well intentioned but never realized plans.

Well, this man is full of surprises. About 4:00 o’clock on a recent sunny afternoon my mother gets a call from Coach Fred Harvey. He is in Tucson and want to see us all and catch up. Was I surprised… um yes?

Here is a man who is 87 years ancient and driving from Mississippi to Prescott, Arizona to be with an ancient friend in a nursing home who he unfailingly visits each year. He is spry, interested and fascinating with a razor sharp memory, wit and his eyes still twinkle with genuine delight! He has stopped to visit a number of people on his way. He tells us he has to be home before spring break ends because he is coaching a high school team again. After retiring several times he finds he still misses it. Over the years Fred has traveled and coached in many foreign countries and I can only imagine the number of young men and their families whose lives this man has left an impression on. He talks of maybe writing another book.

As I listen to his tales, like everyone’s life, some are sad, some are pleased but at all times the one thing you hear loud and clear is an unyielding ever present passion for living and what comes next. I find myself becoming inspired to do the same. Listening to him reminds me of when I was younger and lived what they call a spontaneous life; when I was keen to veer off the beaten path just to see what might be there and if I would like it!

I have always heard the best coaches and teachers lead by example; now I know this is right. Thanks Coach Fred Harvey for your visit and your message is loud and clear…

As Nina Maddux wrote in the forward to his book and it so perfectly captures the essence of his tale, the man he is and most importantly the lesson we can learn from him:

“All the emotions I experienced while reading Hell, Yes. I’d Do It All Again, inspired and challenged me to seize the moments as they come, hold on to them, learn from them and never give up.”

I could not have said it better. When we parted we each received a hearty hug and a kiss on the cheek as he said “I always tell people I care about I like them because you just might not see them again.”

So what are the lessons I gathered?

Life is sweet and too precious to waste. Isn’t there something more for you?
Write the book, climb the mountain, visit the homeland, start the business you like even if you won’t be a millionaire, work on a cruise ship, dance the tango in a foreign land, eat the cake, squeeze the grand kids too tight, tell yourself how you cute and special you are and everyone else while you’re at it.

It really is that simple, seize the moments, let go of the “shoulds”, do the “wants” and look for what’s next and you will find it!

By: Deborah Hayes

Deborah Hayes is a CTA Life Coach and mentor to women in transition who are ready for a new phase in life. Through her unique coaching program, Get Your Year in Gear, she inspires supports and empowers women to live a life of consequence; a life without regrets that is their own unique version of the life they like. To subscribe to her FREE bi-monthly ezine and receive a complimentary 21 Day Attitude Adjustment e-course visit www.womenintransitiononline.com

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Student Loan Default – How to Avoid Default

Saturday, August 14th, 2010

Who Provides Student Loans?

Student loan programs, administered by the Federal government and private lenders, have traditionally helped youngsters attend both, graduate and undergraduate school. Federal loans, administered under the Federal Student Aid Programs, are of the following types: Federal Stafford Loans, which are available to students, and Federal Parent PLUS Loans, meant for parents and guardians interested in financing their child’s undergraduate education. Of course, the latter would require the parents/guardians to have a excellent credit history. Both, Stafford and PLUS loans, can be obtained directly from the government, or from private lender’s whose loans are federally guaranteed. Low interest loans are offered to students by schools participating in the Federal Perkins Loans Program. Sallie Mae, a giant lender in the realm of student loans, was made in 1972 as a government enterprise. It was privatized in the year 2004, and the company provides both, private loans and federally backed loans. Private banks and non-profit agencies like Student Loan Corp also provide student loans.

Consequences of Student Loan Default

Repaying student loans provided under the Federal Student Aid Programs usually starts 6 to 9 months after a person graduates or drops out of school. In case of ‘The Smart Option Student Loan’, provided by Sallie Mae, the borrower is expected to pay only interest when he is in school, while after graduating he has to make both principal and interest payments.

Lenders have their own repayment schedule, and any delay in making payments can have serious consequences. For instance, in case of Federal loans, which are repaid in installments, default on even a single payment can result in accelerating the repayment schedule for the remaining amount of the loan. The government can take away or ‘garnish’ 15% of a students disposable income as penalty. A part of social security retirement benefits and disability benefits might also be withheld. Access to other Federal loans may be restricted. Of course, both government and private lenders can sue a person for defaulting, not to mention the impact of such a default on credit scores. A student loan default can remain on record for 7 years. Hence defaults should be avoided at all costs.

How to Avoid Student Loan Defaults

Alternative Repayment Plans: There are various repayment plans for Federal Loans. A student can consider switching between repayment plans, in case he feels that he is likely to default. Currently there are 4 such plans: Level, Graduated, Income Sensitive, and Extended. The level plot requires a person to pay the same amount of interest and principal during the term of the loan (usually 10 years). In case of graduated plans, a person starts with a lower payment and gradually increases the amount of payment every 2 years. This plot requires a minimum bank balance of $2500. Income based repayment plans will come into effect on 1st July 2009, and these may be appropriate for people with low income, since the amount of repayments cannot exceed 25% of their yucky salary. The minimum payment can be as low as 4% of the yucky salary. For people who borrowed before October 1998, the extended repayment plot can allow them to extend the term of the loan by 25 years.

Consolidating Federal and Private Student Loans: Consolidation student loans result in reducing the interest rate on several loans by replacing them with one loan that has an extended repayment period, and consequently, a lower rate of interest. Consolidation is an option that can be considered both, before and after default. Federal government allows consolidation of loans in case of Federal Family Education Loans (FFEL) and Direct Loans. In order to qualify for a FFEL consolidation loan, a person needs to make 3 voluntary on-time payments after defaulting on student loans.

Seeking Forbearance: Forbearance refers to a situation wherein the borrower is exempted from making payments on student loans for a certain period of time. During this period interest accumulates on the loans. Forbearance on federal loans can be requested in case of poor health, if monthly payments exceed 20% of the borrower’s monthly income, or in case a person is unable to pay the loan within 10 years. Private lenders generally grant forbearance in case of extreme hardships, while non- profit organizations like Student Loan Corp may grant forbearance up to a maximum period of 12 months at no additional costs.

Deferrals on Student Loans: A deferral is similar to forbearance since both result in postponing the repayment of the loan. But, in case of forbearance, interest continues to accumulate, while in case of deferral, interest does not accrue on the loan during the deferral period. Deferrals can be obtained under the following conditions: temporary disability, enrollment in a rehabilitation program, unemployment, receiving public help due to economic hardships.

Canceling: A federal student loan can be canceled in case of permanent disability, military and other uniformed service, or by teaching lower strata of society. Volunteering for Peace Corps may also result in canceling the loan. Sometimes nurses and resident physicians can also get a cancellation on their student loans. Canceling a student loan is harder than obtaining a deferral on the loans.

Rising unemployment due to worsening economic conditions has resulted in a number of student loan defaults. In the last 5 years, the cost of obtaining a college degree has increased by 30%. Rising cost of education, coupled with increasing unemployment, has left most students with no option but to drop out of school. The excellent news for college drop outs is that, returning to school and studying part time can help them obtain a deferral on most student loans.

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Nine Questions about Baby Boomer Retirement that your Company Must Answer

Monday, August 9th, 2010

The Baby Boomers are the members of the generation born between 1946 and 1964. At 79 million people, they’re the largest US generation in history. The oldest Boomers will turn 65 in 2011 and many of them may choose head for the exits.

Can you answer these questions about Baby Boomer retirements at your company? The first five are about raw numbers

How many people at your company are eligible to retire in each of the next ten years?

The odds are excellent that not everyone who is eligible to retire will do so. But it’s a excellent thought to consider how many people could leave at a moment’s notice and when they’re eligible to do so.

How many of your senior managers are in that group?

Senior managers have mission critical knowledge and experience. When they leave, they take it all with them, unless you’ve made alternatives for them to stay on, or work as a consultant.

Review your succession plotting. Identify the less experienced managers that are best qualified to go up. Help them with personal and career development, especially growth assignments, so they’re ready when their time comes.

How many of your key technicians and craft workers are in that group?

We’re talking here about the kind of hands-on technical work that it’s hard to outsource or offshore. Many of the pipelines for technicians and craft workers have been slowly drying up over the last couple of decades. Union apprentice programs have been hit especially hard.

How many of your first line supervisors are in that group?

Your front line bosses have more impact on morale and productivity than any other group of people in your company. Make sure you’re ready to replace retiring supervisors with qualified new supervisors who’ll get the benefit of solid supervisory skills training.

How many of your knowledge connectors are in that group?

Knowledge connectors are vital to your operations, but they don’t have that title on any organizational chart. Knowledge connectors are the people other people call for help because they’re experts or because they know how to find people or knowledge to help solve problems. You can do a social network analysis to find out who they are, or just question around.

I call the problem the “Boomer Brain Drain” because of the loss of knowledge and experience when Boomers retire. If you’ve answered the questions above, you have an thought how huge a threat this is to your company and you can start to work on responses. The next four questions deal with different kinds of responses to the potential Boomer Brain Drain.

What human resources measures are you or will you use to meet the challenges of Boomer Brain Drain?

Human Resources (HR) responses to the challenges of the Boomer Brain Drain include everything you do to modify your recruiting, training, retention and succession plotting. They also include changes to policies and procedures and may include union negotiations.

Since Boomers may be starting to flow out the back door, it’s logical to plot on increasing the flow of recruits in the front door. It’s logical, but it’s perilous.

Generation X is the generation next in line behind the Baby Boom. It’s only about half the size of the Baby Boom generation, so you’ve got a smaller pool to draw from. You can’t count on simply increasing recruiting to fill the spots left by retiring Boomers.

Several companies are investigating tactics such as having people return to work after retirement or stay at work past their official retirement date. There’s some evidence that this will work since studies by financial services companies tell us that Baby Boomers don’t have a lot place back for retirement.

Older workers are fantastic hires in lots of ways. Their turnover rate is lower than that of younger workers. When CVS compared their older workers to younger workers, they found that older workers are far less likely to call in sick.

If you choose some set of retire late/come back after retirement solutions, there are issues to consider. Start with your current pension and retirement policies. Can Boomers continue to work without losing benefits? This may be something you need to have a dialogue with your unions about.

You may also need to modify your policies and procedures for part-time work. Retired Boomers may want a different kind of flextime than younger workers. They might prefer the ability to take more time off, to accommodate medical appointments and visits to children.

Analyze your corporate culture. Do you see older workers as contributing members of the workforce, or do you see them as workers with their eyes on retirement and one foot out the door? Do you provide training to older workers the same as you do to younger one?

You should also reckon about how you’ll need to change your work processes to make them friendlier to older workers at the same time as you find ways to get more productivity out of fewer workers.

How will you change or adjust your business processes to meet the challenges of Boomer Brain Drain?

Older workers may be fantastic workers, but they tend to have more physical limitations than younger workers. You may have to modify either processes or equipment so they’re older-worker-friendly. You’ll be in excellent company. Toyota has been doing this for some time.

Make sure, for example, that the gauges on equipment are simple to read. If instructions are conveyed orally in a workplace, make sure they’re loud enough for older workers to hear.

You can also make changes to business processes that make Boomer retirement irrelevant. If you eliminate some specialized equipment or standardize on fewer kinds of equipment, you may be able to increase your scheduling flexibility and handle more equipment with fewer workers. You can also use technology to capture the knowledge of experienced workers so that it’s available to younger workers.

How will you use technology to meet the challenges of Boomer Brain Drain?

Knowledge management technology is often touted as the way to capture Boomer knowledge and place it to use. In reality, most of the knowledge that Boomers, like other workers, have is in their heads and will go out the door with them. But you can still do some things to capture vital knowledge if you start now.

Consider job-shadowing as a knowledge transfer tool. Reckon about investing in people to chart and document processes that do not currently have formal documentation.

Use simple technological tools, such as electronic discussion groups to capture “shoptalk” and the knowledge that only comes with time on the job. Use social network analysis to identify which people get contacted to solve specific problems.

There are three rules to follow in using technology to capture knowledge. The first is that a tool that no one will use, because it’s too complex or time-consuming, is a useless tool. The second is that culture always trumps technology. Rule number three is that technology that adapts to human habits works better than technology that demands that humans change the way they work.

Have you conducted a “Threat Assessment” to give you an thought of where you need to concentrate your efforts?

Before you go on to plotting for Boomer retirements, take the time to do an accurate Threat Assessment. It will make your efforts more productive in the long run.

Assess every position in your organization. Determine when the person in that job can retire. Evaluate how vital the position is to accomplishing the mission. And assess how prepared you are to replace the incumbent.

These questions are just the start. Your next step will be to develop a strategy for dealing with a potential Boomer Brain Drain. But the sooner you get started, the sooner you’ll see results.

Wally Bock helps organizations improve productivity and morale, as well as deal with the challenges of massive Boomer retirements. Wally writes the Three Star Leadership blog, coaches individual managers, and is a well loved speaker at meetings and conferences in the United States and elsewhere. Visit his site to find more information on the Boomer Brain Drain (http://www.threestarleadership.com/bbdresources.htm).

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Eat Right For Your Blood Type

Thursday, July 29th, 2010

What does one mean by ‘eat right for your blood type’? Well, Dr. Peter D’Adamo, a naturopathic doctor, in his book “Eat Right 4 Your Type” has clarified, that lectins (sugar containing proteins) cause clotting of blood cells in an individual, generally of the incorrect blood type. This may lead to serious kidney and liver problems and also weight gain. He further clarifies that increased urine indican levels can also be an aspect of specific blood types which can affect the interaction of foods with the bacteria in the intestine. This may result in diseases ranging from inflammatory bowel diseases, pancreatic insufficiency, diverticulitis, celiac disease, etc. The theory adds that the different blood levels affect the secretion of digestive juices. Therefore, following your blood type diet is one of the simplest ways of keeping healthy. Read more on healthy diet.

The right diet for your blood type can only be determined when you are certain of your blood type. Easily available in the market are inexpensive home blood typing kits which can help you with the problem. Unless you have been hospitalized or have undergone some surgery, a blood test for blood identification is not generally practiced. So, you may question your doctor to arrange a special test for you in case you are unaware of your blood type. You may also go to a nearby laboratory for getting your blood tested. A person can belong to one of the following blood types.

POSITIVE
NEGATIVE
O
O
A
A
B
B
AB
AB

Read more on:
Blood Types Chart
Blood Types Clarified

A Blood Type Diet
The A blood type diet includes both A Positive blood type diet as well as A Negative blood type diet. The type A people do well with a vegetarian diet. Though it is hard to completely avoid meat and potatoes and divert your interest towards soy proteins, grains and vegetables, you can just try and eat right for your blood type to see the difference. It is vital that the Type A people eat natural foods in a natural way – foods should be fresh and purely organic. Read more on balanced diet.

Diet
Foods Allowed
Foods to Avoid
Foods to Avoid for Weight Loss
Foods Aiding in Weight Loss
Vegetarian

Vegetables
Grains
Legumes
Fruits
Tofu
Beans
Seafood

None

Meat
Kidney Beans
Lima Beans
Dairy
Wheat

Pineapple
Vegetables
Soy Foods
Vegetable Oil

B Blood Type Diet
The B blood type people have the best balances and this is the reason why they are entitled to the middle path. They have comparatively, a tolerant digestive system and moderate exercise is just what is needed to achieve perfect health. The food list included in B Positive blood type diet is the same as that in B Negative blood type diet. Even though the B blood type people are the blessed lot, they still need to avoid certain food items like wheat, corn and lentils to stay healthy. Read more on healthy eating.

Diet
Foods Allowed
Foods to Avoid
Foods to Avoid for Weight Loss
Foods Aiding in Weight Loss
Balanced Omnivore

Meat (no chicken)
Grains
Legumes
Fruits
Dairy
Beans
Vegetables

None

Corn
Peanuts
Sesame
Lentils
Seeds
Buckwheat
Wheat

Greens
Liver
Venison
Eggs
Licorice
Tea

O Blood Type Diet
By the way, this is supposed to be the oldest bloodline of humanity and that’s the reason probably, it has the longest line of descendants. The O Positive blood type diet is the same as the O Negative blood type diet. Though there are more things to be avoided as compared to other blood types, the excellent news is that the O Positive people can relish non-vegetarian foods. These people are vulnerable to hypothyroidism and thinning blood, but. The O Positive blood type foods include all meats, fruits and vegetables, though intake of carbs must be restricted.

Diet
Foods Allowed
Foods to Avoid
Foods to Avoid for Weight Loss
Foods Aiding in Weight Loss
High Protein

Meat
Fish
Vegetables
Fruits

Grains
Beans
Legumes

Corn
Kidney Beans
Navy Beans
Lentils
Cabbage
Brussels Sprouts
Wheat
Cauliflower
Mustard Greens

Kelp
Seafood
Salt
Liver
Red Meat
Kale
Spinach
Broccoli

AB Blood Type Diet
The AB blood type is considered as the ‘modern’ blood group which is quite sensitive. The AB blood type diet includes vegetarian food mainly, but, people of this group can indulge in seafood and and dairy products at times. The multiple antigens in this blood type sometimes makes it A-like with weak stomach acids and B-like with meat eating capabilities. They must always consider the serving size as the digestive system gets affected easily. And therefore, to eat right for your blood type is extremely vital if you belong to the AB type. Read more on rare blood types.

Diet
Foods Allowed
Foods to Avoid
Foods to Avoid for Weight Loss
Foods Aiding in Weight Loss
Mixed Diet in Moderation

Meat
Grains
Legumes
Fruits
Dairy
Beans
Vegetables
Tofu
Seafood

None

Corn
Red Meat
Lima Beans
Seeds
Buckwheat
Kidney Beans

Greens
Kelp
Dairy
Tofu
Seafood
Pineapple

Read more on:
Healthy Foods
Diet Tips
Though the diet (I mean, the ‘eat right for your blood type diet’) has not been very successful, it is without doubt, a unique approach. One can easily follow the ‘eat right for your blood type’ diet to have a healthier alternative to the greasy, non-healthy foods. Eating right for your blood type will also ensure weight loss and other health improvements, regardless of what blood type you belong to. The diet encourages one to avoid processed and refined food, which is a fantastic advice for one and all. Therefore, I believe, to eat right for your blood type is synonymous to healthy living. Delight in your cabbage the donut-way and and relish a stress free life.

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Bush Plans Bigger Army Amid Fear of New Iraq Deployment

Monday, July 19th, 2010

President George Bush called yesterday for an increase in the size of the US military, deepening expectations that he will send up to 30,000 more troops to Iraq in the new year. In a sign of forthcoming changes at the Pentagon after the departure of Donald Rumsfeld as defence secretary, Mr Bush acknowledged that he had been taken aback by the eruption of sectarian violence in Iraq, and that it had been a hard year.

He said he had questioned Mr Rumsfeld’s successor, Robert Gates, to develop a plot to increase the size of the US army and marines after warnings from senior generals about the strain of repeated deployments in Afghanistan and Iraq. Mr Gates made an unannounced visit to Baghdad yesterday, two days after his swearing-in.

“I am inclined to believe we do need to increase our troops,” Mr Bush told a traditional year-end press conference. “We have an obligation to ensure our military is capable of sustaining this war over the long haul and performing the many tasks we question of them.”

In another development, the Associated Press reported that the Pentagon was pressing the White House to seek an additional $99.7bn (£51bn) for the wars in Iraq and Afghanistan. If approved, the request would drive the cost of the wars to $170bn for the current budget year.

An increase in the size of the army and marines represents a repudiation of the ideal of a smaller and more professional military championed by Mr Rumsfeld. Yesterday’s announcement was widely seen as a precursor to a small-term injection of up to 30,000 more troops into Iraq in a last-ditch attempt to secure Baghdad.

The most senior US generals had opposed sending more troops. General John Abizaid, the commander of American forces in the Middle East, had warned that it would deepen resentment of their presence and increase the dependence of the Iraqi authorities. But, the Pentagon announced Gen Abizaid’s retirement yesterday, a month after he submitted his papers, and the most senior US commander in Iraq, General William Casey, is also expected to quit, giving a freer hand to Mr Gates to try to craft a new strategy.

To that end, Mr Gates arrived in Baghdad for talks with US military chiefs and Iraqi military and political leaders on how to pacify the restive Anbar province and clamp down on sectarian violence in Baghdad. “The whole purpose is to go out, listen to the commanders, talk to the Iraqis and see what I can learn,” he said.

In Washington, Mr Bush acknowledged the Pentagon’s concerns, but refused to be drawn on whether he had chose to send more troops, postponing the announcement to the new year. “There’s got to be a specific mission that can be accomplished with the addition of more troops before … I agree on that strategy.” He added that an expansion of troops remained politically viable, despite the Republicans’ defeat in midterm elections.

He said he had been surprised and disappointed by the rapid spread of sectarian violence in Iraq over the past year. This week he told Washington Post reporters in an Oval Office interview: “We’re not winning, we’re not losing.”

It was his first expression of doubt about the strategy in Iraq, nearly four years after the invasion. Yesterday, the president said he remained convinced the US would win the war, but victory was taking longer than he had hoped.

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Real And Personal Property

Friday, July 16th, 2010

Introduction
In legal term, property may be defined as something which an individual has expectations of drawing advantages from; the definition also covers that thing under consideration. Consequently, property is a combination of the issue of possession or ownership and the rights that ought to be protected by the country’s government.

This definition is in contrast to what lay persons define property as; they restrict it to something tangible. Other law dictionaries continue to add that property is the exclusive right of certain individuals to possess, dispose and to use that thing alongside the subject matter of the right; this may either be an object, benefit or prerogative.

Property is usually divided into two aspects; the first being the personal property and the second is real property. Real property is usually restricted to matter revolving around land or what is sometimes called ‘in rem’. On the other hand, personal property revolves around chattels or what may sometimes be defined as ‘in personam’. In modern law, property can be examined under a series of models.; the first one amongst these is property as a fact. The second is property as a right and the third is property as a responsibility.

Legal issues
In the legal system, real and personal property ownership is governed by property law rights when considering the common law system. In the civil law legal system, there is a distinction between movable and immovable property. Real property is largely encompassed by immovable property while personal property is associated with movable property. Consequently, the rights associated with these types of property are entailed in property law. (Liuzzo & Bonnice, 2005)

In legal terms, the process of declaring that certain property belongs to an individual is not adequate enough to constitute property. Instead, this matter is usually all embracing when certain persons need to have their rights to chattels or land respected and enforced by the law. It is essential for one to buy property legitimately in accordance to the law so as to seek its protection. This is usually bought by possession of a title to that property.

There are a series of differences that arise when one considers the issue of personal versus real property. The most outstanding difference among them is with regard to immobility. Usually, real property can be considered immobile while personal property is mobile. This means that the rule governing the latter’s transference are radically different from those governing the former.

Real property is usually divided into two types of categories. The first one amongst this is the corporeal hereditaments which refer to land or tangible real property. The second category is known as incorporeal hereditaments which refer to real property that may not be tangible. Consequently, this is what is known as the easement of way. (Barnes et al, 2008)

Possession in property law is instituted in order to eliminate social disorder. This is because when a person is in possession of certain property, then they have the right to take action against persons who may be interfering with their possession. This interference is only tolerated when the person causing it demonstrates that they have a superior right over that property.
Property possession can be changed through the process of transfer; in other words, transfer refers to disposition of that property. Usually, this occurs through gifts or sales and must encompass willing consent from the person initiating the transference. In other circumstances, it is possible for a person to obtain interests in certain properties by acquiring trust that was made for the benefit of that person in the event that the previous owner is deceased.

In certain scenarios, transference may occur from person to person without consent. This occurs when the person under consideration has committed an act that violates the other’s rights. For instance, when a person goes bankrupt or when a person is deceased prior to distributing their property (inestate). In other circumstances, the court of law may choose to take that property from the individual and this therefore makes an avenue for forfeiting one’s property rights.

In certain scenarios, real or personal property may have more than one interest. Usually, this is a result of miscalculation on the part of the title dispenser or this could be an unscrupulous act by an individual who wants to obtain property dishonesty. This means that these conflicting interests give rise to claims that are usually inconsistent with one another. In such circumstances, the law requires that the court should be involved in the matter. Here, the court has the mandate to choose the interests that carry the most weight or it has the mandate to rank these interests. Consequently, depending on the sphere of enforceability, certain interests may be lower or higher in hierarchy. (Katch, 2007)

Leases are also an vital part of common-law because they are a means of protecting the rights of the tenants and landlords in the process of considering real property. Usually, leases can last for a small term or long term period depending on the specifications laid out by the affected parties. Consequently, this makes an avenue in which both parties can declare their right violations.
There are a series of rights that tenants are granted under common law and these include

• The right to determine how to use real property
• The right to exclude other persons from enjoying the property or land
• Right to transfer all or part of a person’s rights upon mutual agreement
• Right to determine consequences or nature of costs during transference
• Etc
There are a series of legal issues that need to be covered when considering the issue of personal property. For instance, personal properties can be executed or relieved in case a property owner is a poor debtor. Chapter 528, Sections one through to ten govern the levying of personal property. Consequently, any person who contravenes these laws during the process may be deemed as acting illegally. In the event that a person is a poor debtor, his or her personal items may be taken by the creditor for auctioning. Usually, the auction must be advertised over a period of four days and the notices must be placed in a very public place. Upon expiration of the period of notice, the personal property may be sold at an auction.

It should be noted that if the creditor fails to make the public notice, then he will not be acting legally while auctioning the property. Also, if the property is sold prior to the four day expiration, then the person is also acting illegally. (Katch, 2007)
In relation to the issue of terrible debt, the debtor can redeem his or her goods/ personal property prior to their sale if the debtor is able to pay the officer’s charging fees.

It s also the right of the debtor to obtain any balance that may arise from the auction from the sale of his real property if his creditor has covered all the executions that had been levied on the debtor. In close relation to this is the issue of officer’ fraud; if the person performing the executions has acted in a dishonest or fraudulent manner, then the officer is supposed to pay five times the amount of money he defrauded. Additionally, officers intending on auction personal property need to make notices of adjournment of sales if they intend on doing that in the first place. This may usually be done within a period of ten days. Those who fail to do so may be found liable to the court of law.
The latter issues also apply to personal property that is covered under any of the following;

• Security interest
• Lien
• Pledge
• Mortgage
But, the issue of shares as a form of personal property is governed by different levies. For instance, when an execution is to be conducted for shares, then a thirty day notice needs to be made of the sale. A person residing in another country needs to be told by placing the notice in a newspaper within that country of residence. Persons who choose to buy the shares are entitled to share certificates which will grant them the rights associated with this form of personal property. In the event that the officer in charge of the sale of shares neglects to give a certificate or issue a fake one, then he shall be considered liable to the creditor who has the right to obtain the entire sum associated with the debt. (Nolfi, 2008)

Aside from the issues of levies carried out on executions, there are a number of things that need to be considered when an individual is about to divorce. The issue of real or personal property during divorce can lead to a lot of conflict between the various parties under consideration.

With regard to personal property, there is a need for individuals to use the services of an appraiser. This person can go a long way in preventing many misunderstandings and disagreements in the court of law. It should be noted that property appraisers are quite different from home appraisers. Consequently, expert decisions are always favored over these non related ones. Additionally, the law requires that property appreciation or depreciation be considered after filing for divorce. In case property appreciates in value after filing for divorce, then both spouses are entitled to the benefits that come with it.

This is usually the case when considering shares. But, in the event that the person who caused those appreciations was only one individual, then that person is entitled to benefit from the appreciation of that property. Usually, a series of personal properties may be considered during the process of divorce. Some of them include pensions, vehicles, trademarks among others. There area also a series of real property that need to be appraised and distributed during this process and they may include land, a home, businesses owned among other things.

It should be noted that divorce appraisal are not necessary when there is a prenuptial agreement because the latter document usually specifies some of the details that may arise in the event of a divorce. Appraisals are also excluded when the property under consideration was a gift, or a buy that was made prior to the marriage.

Personal property may be divided equally among spouses when that property was bought before the marriage but it increased in value after the marriage as a direct consequence of the efforts made by the two parties. Legally speaking, the only aspect that will be considered will be the added value that will be divided amongst the spouses. Otherwise, the original property will be given to the original owner individual alone. (Barnes et al, 2008)
The second category of personal properties that can be divided during divorce is property that had been bought during the marriage jointly by both parties. Usually these encompass a series of objects that vary from china, motor homes, collectables, animals, furniture, pensions, automobiles and retirement plans. It should be noted that all this property need to be appraised by a qualified individual who may fall under any of the following professions
• Auctioneers
• Business brokers
• Bankers
• Financial advisers
• CPA
But, all these appraisers need to have sat for USPAPA tests and they need comply with the set laws on appraisals prior to giving evidence as qualified appraisers in the court of law.

Ethical issues
Aside from the legal issues, there are certain scenarios in which ethical aspects may come into play. This usually occurs when the persons under consideration are acting in accordance with the law but they are taking part in an act that has dishonest or unfair intent. Taking the case of a fictitious person named Timothy McNamara. McNamara was a hardworking and honest individual at work. But, he often used to engage in whistle blowing activities when he witnessed unethical behavior in the workplace. In response to this, one of his workers chose to use the color of law to institute revenge. He made some statements that caused the court to withdraw McNamara’s property and also this incident resulted in the loss of his job.

Consequently, the issue can be regarded as unethical on the part of the employers who collaborated with the aggressor to oust John from his workplace. This is because they did not bother giving McNamara the time of day that he deserved in investigating his situation. Consequently, these employers may be regarded as unethical. (Nolfi, 2008)

There are certain acts that can be regarded as unethical during a divorce. For instance, if a person poses certain valuable items during their marriage and the person chooses to take those personal properties to another location where they can ensure their safety, then a series of ethical issues may crop up. For instance, it would be ethical to inform one’s spouse about these properties because if the issue of divorce arises, then it is likely that that person may try to use the issue of concealment from him or her as a fact that works against the accused.

When going about how to treat property cases, it essential for lawyers to inform their clients about the various types of laws that are applicable and how those could benefit or hamper the case under consideration. Hiding these truths form the client can be considered unethical by the presiding attorney. For instance, in divorce cases, it is necessary for lawyers to tell their clients about collaborative law. Through this option, it is possible for the affected parties to negotiate their way out of their disagreement.

In any cases involving real or personal property, it is essential for lawyers to tell all the rights of the client before beginning the case. This is because failure to do so would make a situation in which the lawyer may stand to benefit from his client’s loss. Clients should be made to know all the legal actions or alternatives that they can pursue with regard to personal or real property cases. For instance, some parties may choose to settle outside court. On the other hand, others may opt to meet in court. Consequently, lawyers need to lay out all the details concerning a certain case so as to empower their clients to pursue the right course of action. By doing this, they will eliminate any potential conflict of interest and will also go a long way in enhancing trust between the lawyer and his client and will also eliminate any potential hurt of character. (Barnes et al, 2008)

Many legal representatives are usually so enthusiastic about dealing with a certain case that they fail to clarify to the client what the potential downsides of their actions could be. By giving a client only one course of action and not reviewing the disadvantages of that method, then lawyers will be making a situation in which the rights of the clients are not fully outlined and this may be deemed unethical. For instance, if a client is interested in claiming a piece of land that was part of their family property, then it would be unethical on the part of the legal representative to hide some disadvantages of the court process. For instance, the legal representative could inform the client that there may be some facts that are relevant to the case and may not be learned until after the case. Additionally, a situation may arise in which the affected persons are compelled to give certain types of evidence.

In other circumstances, a client making claims to certain real property may issue restraining orders to his or her adversary. By doing this, the individual may be making a scenario in which there may not be unilateral disposition of the property. Additionally, if there are joint decisions to be made by those parties, then the restraining order will prevent such occurrence. If a lawyer does not clarify these disadvantages before hand, then they will be placing their clients in vulnerable positions that eventually ruin their overall credibility.

In any property case, there may be a need to hire certain experts to add validity to the case. It is essential for property lawyers to examine the background of their respective experts prior to submission of their case in court. This goes a long way in providing the client with the best representation possible. When attorneys merely settle for any professionals without doing a thorough background check, then they may not be placing their clients best interests at heart and this is something unethical. (Nolfi, 2008)

It should be noted that informing property right clients about all their rights may not necessarily prevent them from making incorrect decisions, but, this usually assists in the process of protecting the attorney from accusation of overselling a certain legal process to the client. Consequently, the attorney seals any loop holes where unethical claims could arise.

In certain circumstances, person who wants to settle property cases may choose a series of avenues to settle their respective cases. Some of them may choose to hire two lawyers for the job of one. Usually, this may be okay if the client is merely trying to get a second opinion. But, if the client is trying to utilize one lawyer to benefit unfairly, then it is unethical on the part of the client. A excellent example of such a case is when a couple is about to divorce and there are disputes on how to divide their property. If one of the spouses chooses to hire the services of a collaborative lawyer to deal with the property issues, then this should be the only path chosen.

But, if he or she decides to get another lawyer outside collaborative law to engage in a litigation process, then that client will be acting unethically. This is because the very nature of collaborative law requires that individuals using it must be committed to the process and must not try to obtain undue advantage over one another. It would also be unethical for any of the representing lawyers to continue with the case upon finding out that their client is trying to manipulate the system in such a manner.

In the event that a person is making claims about certain properties and they dispense confidential information to their legal representative, then it is the duty of the latter party to protect this confidential information. Otherwise, dispensing it to secondary parties may be regarded as unethical. This is because legal representatives have the duty to remain faithful to their respective clients even when circumstances seem to be against them.

In the same manner, some clients may choose not give information about certain issues surrounding the contested property. It would be unethical for a certain legal representative to accept matters as they are without informing the client about the losses of withholding information from them. The person contesting for any type of property needs to be aware of the fact that the court may order them to dispense certain pieces of information. If they had not been informed about it by their legal representatives in the first place, then chances are that they will be at a disadvantage and the lawyer may have acted in an unethical manner. (Nolfi, 2008)

Conclusion
The essay has examined the issue of personal and real property with an identification of the distinct differences. Additionally, the paper has looked at two major legal issues surrounding real and personal property; these are divorce and levies. Levies on debtors are governed by the constitution and usually address the officer’s obligations to the debtor. With regard to the issue of divorce, it is essential for disputing parties to do property appraisals.
Some of the ethical issues that may arise in real or personal property issues include things such as falling to inform clients about all their rights and communication issues.

Reference
Liuzzo, A. & Bonnice, J. (2005): Essentials of Business law; Mc GrawHill Publishers
Nolfi, E. (2008): Legal Terminology clarified; Rout ledge, p 34-45
Barnes, J., Dworkin, T., Richards, E. (2008): Law for Business; Harvard University press
Katch., E. (2007): Clashing views on Legal Issues-Taking sides; Routeldge

By: Sherry Robbert

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Term Life Insurance For The Elderly

Wednesday, July 14th, 2010

Senior citizens can obtain life insurance without having to rely upon a medical exam to determine their coverage.

Term life insurance policies have become extremely well loved in recent years, and they can provide extremely valuable and vital protection at low costs for a variety of different people. But, one of the largest problems associated with term life insurance is the fact that it tends to expire just about the time the covered person is finding it more hard than ever to find protection. This is often in ten years, twenty years or even thirty years in many cases. The theory behind the concept of term life insurance is that by this time, the insured will have fewer obligations to worry about, and then will have enough money saved that they can self-insure.

But, many senior citizens and other retired people are finding themselves in less than ideal circumstances because they are not free of the obligations that they expected to be free from. Without having sufficient savings to cover necessary debts, obligations and expenses, these senior citizens can have a hard time insuring themselves when they need it more than ever. Learn more about term life insurance for the elderly by visiting http://bestofavee.com/2008/01/be-insured-get-life-insurance-now.html.

By the time most people reach maturity, they may also have developed more health problems, which is what makes no medical exam term life insurance such a viable option. As if such an advanced age wasn’t already distress enough, health problems may make it even more hard for elderly citizens to find insurance if not completely impossible.

But, there are a number of insurance companies that have developed final expense life insurance, guaranteed life insurance and senior term life insurance options that meet these needs. These are essentially term life insurance policies that stay in force for as long as possible. These policies are kept in force through the payment of premiums, or by paying the policy up over time. Once the payment of premiums is paid up, they can rest assured that they will have the term life insurance that they need. Check out http://mlizcochico.blogspot.com/2008/01/ensure-your-future.html for more information on how you can obtain no medical exam term life insurance.

These types of senior term life insurance policies or final expense policies are available in two forms, neither of which requires any kind of a medical exam. Face values for these no medical exam insurance policies typically range in value between $2,500 and $25,000, and for this price you can expect the simple issue or guaranteed issue of life insurance policies. Because the face value is lower, the risk to the insurance company is lower, which means that the requirements necessary for obtaining life insurance coverage are typically quite relaxed.

Seniors can use this money by leaving it to a beneficiary, to their spouse or to their children for example, so that they can deal with burial expenses, with settling final debts, and with leaving money for the estate.

Simple issue life insurance policies provide death benefits immediately upon the passing of the insured. Health questions are questioned on the application, but these questions are not anything that will prevent you from obtaining the insurance that you need. Most senior citizens can qualify, unless you have some kind of a terminal disease, or if you are already in a nursing home. Smaller health issues that would prevent most senior citizens from qualifying will not prevent you from getting the no medical exam term life insurance benefits that you need. The coverage is immediate, so once the policy has been issued, coverage goes into effect.

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Despite Depressed Home Market, VA Loan Program Stands Strong

Tuesday, July 6th, 2010

In the current economy, many homeowners have not been fairing well. Homeowners who cannot make their monthly mortgage payments are becoming delinquent on their mortgages and facing possible foreclosures on their homes. But in the midst of the mortgage crisis, the VA loan program has still been successful. VA loans, which are exclusively available to veterans and men and women serving in the military, provide multiple benefits to borrowers that enable them to finance their homes and stay grounded in the struggling home market.

VA Loans Have Lower Delinquency Rates Compared to Other Home Loans

This type of financing remains a well loved option for qualified applicants who want to finance their home in an affordable way. In 2009, the Department of Veteran Affairs guaranteed 325,673 VA loans, proving that the sinking economy was no match for the program. These loans have a delinquency rate of only 5 percent. This is quite low when compared to the delinquency of other types of home loans, which are as high as 30 percent! This shows that the VA must be doing something right with its home mortgage program to be able to maintain such a low delinquency rate.

Why VA Loans Continue to Be Successful

VA loans offer many benefits to both current homeowners and prospective homeowners that allow them to save money upfront and over the life of the loan. This type of financing is unique in that it does not require borrowers to make a down payment on buys. Many lenders are reluctant to offer this type of incentive because they consider it to be risky in this unstable housing market. The elimination of the down payment saves first-time home buyers thousands of dollars in out-of-pocket costs, which allows them to have more money for other expenses associated with buying a home. Homeowners who already have a mortgage can refinance their loan into a VA loan to receive a lower rate, cash or to consolidate their debt!

Currently, mortgage rates are at historical lows, which makes now a fantastic time for individuals to get a VA loan. Compared to other types of home loans, these loans can offer even lower rates. With a low rate, homeowners can reduce their monthly mortgage payment and have more money available for other expenses. This type of financing also does not require mortgage insurance, so borrowers can save even more money over time.

Eligible Applicants Should Take Advantage of This Fantastic Opportunity!

This type of financing is also simple to use because it has lenient credit and income requirements; applicants do not have to have perfect credit to be eligible! This is excellent news for those who may have been turned down for a conventional loan. Applicants will need to have a credit score of at least 620, and they must have gone one year without any delinquent payments. Consider financing with a VA loan to receive a low rate and save money! Interested veterans and service members should speak with a loan specialist to learn all of their options and how they can get started today!

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AIG Lawyer Reveals Plundering of Retirement Program by Ex-CEO

Thursday, June 10th, 2010

Apparently angered at being forced out of American International Group, Inc. (AIG), ex-CEO Maurice “Hank” Greenberg allegedly removed $4.3 billion in stock from the company in 2005 immediately after he was removed from his post by the company for accounting irregularities. AIG attorney Theodore Wells, speaking to a jury, noted, “Hank Greenberg was mad. He was mad,” further noting that the tale of Greenberg and his misdeeds was one of “rage, betrayal and cover-up.” Greenberg had been with the company for 35 years, growing it from a very small company into the world’s largest provider of insurance.

Wells went on to detail the trust fund from which Greenberg was alleged to have removed funds, explaining that it had been set up many years ago to provide bonuses to a small group of AIG managers and other well-paid employees. Wells then questioned the jury to aware AIG $4.276 billion and 185 million AIG shares.

For his part, Greenberg has specifically noted that he had the right to sell the shares because they were owned by Starr International, a privately-held company controlled by Greenberg. Greenberg’s lawyer, David Boies, noted, “I disagree with a fantastic many things that Mr. Wells said. Look in this case not to what people said after the lawsuit started. Look to what they said and did and wrote before the lawsuit started.” AIG lawyers further argued that Greenberg and Cornelius Vander Starr, Greenberg’s successor and the man after whom Starr International was named, chose in 1970 that a large part of the shares owned by the smaller company would be used only to compensate AIG employees.

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