Five Benefits of a Clutch Designer Bag

Of course, there are some other advantages to a clutch designer bag. However, you Exquisite bags are loved by women. However, with different types of handbags available today it can often be a difficult choice to know which type of handbag you want. Clutch handbags can be your choice if you want a handbag that others will love. There are a number of advantages to a clutch bag. Here is a look at five of them.

1. It screams ‘glamour’ – Nothing is more glamorous than a clutch bag. There is something about that small, intricately designed purse that fits in your hand just perfectly and makes it look so great. It is the greatest fashion accessory when you want to be the centre of attention.

2. Perfect for parties – It seems that it is a bag tailor-made for the party people. When you go out to paint the town red, you generally do not carry a lot of things with you. You have your cell phone, some cash and maybe your house keys at most. Carrying a big bag for just these things seems foolish, and carrying these things in your hand seems cumbersome. Enter the clutch bag – looks glamorous and keeps all your stuff together too.

3. The photo shoot accessory – Ever noticed that when a celebrity is getting a photo clicked at any major event, they make sure that their clutch is in view? Clutches make for great accessories. So the next time you are clicking photos before heading out for a night of fun, don’t forget to include the clutch for a touch of the sassy and the fashionable.

4. Very convenient – Carrying around a bigger bag at a party can be exasperating but a clutch fits in just fine. Whether you are dancing, socializing or just grabbing a couple of drinks, a clutch fits snugly in just one hand and does not feel heavy or awkward.

5. Multipurpose – A clutch bag can be used as a wallet on a normal workday. You can keep a small clutch bag inside your office day bag. This allows you to take the clutch when you are going to grab a bite or run some errands. You don’t have to lug the heavier day bag. The day bag has all of the other things you brought to the office but do not need for lunch or errands.

should note that a clutch designer bag is not your choice if you are looking for more space. A tote handbag would better suit your needs for extra space.

Northern Rock – How A Problem Became a Disaster

Northern Rock has been a cloud over the UK financial sector since it ran out of cash in August 2007. This was due to the fact that most of its funds were being raised in the wholesale market, that is from other financial institutions rather than deposits from retail customers. The problems of the US subprime mortgage crisis, to which most UK banks remain exposed, dried up Northern Rock’s funding.

This business model of financing rapid growth on the basis of short term borrowing from the wholesale market assisted Northern Rock to progress from a regional lender to a major player in the UK mortgage market. They had achieved a 22% share of new mortgages taken out in the first 6 months of 2007.

Unlike the US subprime market, the mortgage book of Northern Rock was healthy. Defaults and repossessions were not significantly higher than the UK industry average.

The management of Northern Rock did approach the Financial Services Authority (FSA) and advise them of the situation, There were talks between Northern Rock and Lloyds TSB, but a take over bid did not materialise. This was partially due to the fact that the Bank of England was unwilling to underpin the takeover with significant public lending.

The initial response of the Governor of the Bank of England was to lecture the City and the nation on the ‘moral hazard’ of baling out financial institutions who are in difficulty. Perhaps the Bank had considered opening a lapdancing club in Threadneedle Street.

By mid November, the crisis had grown and the Bank of England had been forced to improve liquidity in financial markets, that is, print money and make it available for other banks.

The Governor also announced a series of auctions whereby the Bank would lend US$ 80 billion to financial institutions at an interest rate of 6.75%. There were no takers for this initiative. This was due to the high interest rates, but also to the fact that no bank wished to have the inevitable adverse publicity of being forced to beg from the Bank of England. It should be recalled that the run on Northern Rock was triggered by a leak to the media.

The announcement of a government guarantee to depositors provided a breathing space during which interested parties could prepare bids for Northern Rock. There were 3 bidders, the favourite being the Virgin proposal, promoted by Sir Richard Branson.

It was generally felt that the Virgin bid was too advantageous to Sir Richard at the expense of the UK taxpayer. The prospect of ‘obscene’ profits for Virgin prompted the Prime Minister, Gordon Brown, to announce nationalisation in mid February 2008.

The handing of the Northern Rock saga reflects ill on all the parties involved. While the management must take responsibility for the risky business model, they were helpless in the face of the global credit crunch. Once they had disclosed their problems to the FSA, then the public agencies took control of the situation.

However, the suggestion that any public body ‘took control’ is risible. The drama moved from the boardroom of Northern Rock in Newcastle to the tripartite regime established by Gordon Brown while he was Chancellor of the Exchequer during the Blair years. The parties in the tripartite regime are the Bank of England, the Financial Services Authority, and the UK Treasury. The Bank of England lectured on moral hazard, the FSA claimed to be powerless, and the Treasury dithered.

Gordon Brown repeatedly claimed during the successive Blair governments that the relative prosperity of the UK, and the success of London as an international financial centre was based on his vision of a tripartite regulatory regime, with an independent Bank of England at the centre.

It is true that London overtook New York as the leading global financial centre, but this was due to the efforts of those employed in the City and the restrictions imposed on the financial sector in New York. The bankruptcy of Enron in 2001 and subsequent criminal prosecutions further weakened New York as a financial centre.

Northern Rock was the first real test that the UK regulatory bodies had faced since the secondary banking crisis of 1973. By any yardstick, the tripartite regime was a dismal failure.

The run on Northern Rock was triggered by a media leak, allegedly from the tripartite regime, and the reaction of the regime was lamentable.

This can be compared with the news blackout on the deployment of Prince Harry in Afghanistan, which lasted for 10 weeks. The fact that the Prince had been posted to Afghanistan during December 2007 and that the UK media had unanimously agreed to suppress the story is breathtaking.

One would suggest that a similar period of confidentiality surrounding the problems of Northern Rock would have led to a resolution of their difficulties.

The fact that the UK media conspired to suppress the Prince Harry story but exposed the problems at Northern Rock with glee is a sad reflection of contemporary UK celebrity culture. The financial standing of the UK banking industry is infinitely more important than a young man’s desire to see military action.

Another unfavourable comparison is with the French banking crisis at Societe Generale. This crisis was occasioned by a rogue trader who caused losses of US$ 7.26 billion, rather than the global credit crunch.

However, as soon as news broke in January 2008, the French authorities stepped in. As well as providing funds, they also warned off foreign predators. This makes a mockery of EU rules, but the French always have a healthy disregard for EU regulations when their own national interest is threatened.

The bank has been rescued by a rights issue of US$ 8.4 billion. The one-for-four rights issue has been completely taken up by shareholders and the company share price has started recovering.

The Chairman of Societe Generale, Daniel Bouton, has personally invested US$2.2 million in the rights issue. He has also waived his bonus and six month’s salary.

This episode further discredits the UK government’s handing of Northern Rock. The French authorities reacted quickly and decisively to prevent a foreign takeover of the bank, and the funding shortfall was resolved within weeks by a fully subscribed rights issue.

The commitment of Messr Bouton should also be congratulated. This contrasts markedly with the UK, where the government has appointed Ron Sandler on a salary of GBP 1.1 million per annum to run Northern Rock. Mr Sandler is allegedly non domiciled in the UK for tax purposes.

Based on their failure to monitor and regulate the banking sector, the UK government has nationalised Northern Rock. For some inexplicable reason, they believe that while they were unable to regulate the bank, they will now be successful in managing the company.

Top 10 Work From Home Job Opportunities

If you’re looking to start working from home, there are a myriad of home business opportunities available, and it can be difficult to choose the best one for you. In order to get you started, here is a list of our suggested Top 10 Work From Home Job Opportunities.

* Affiliate Marketing – One of the easiest ways to make money from home is through affiliate marketing. Basically, this involves marketing other companies products, usually on the internet, in return for a share of the sale. This can be particularly lucrative as commissions are sometimes as high as 75%, and as an affiliate you have no responsibility for shipping and customer support. Affiliate programmes are sometimes run by the vendor themselves, or often through a affiliate broker such as ClickBank or Commission Junction. These will provide you with a personal link to the products you want to promote, and you can then promote that link in whatever way you choose. There’s a myriad of training materials for affiliate marketing available, so it’s easy to get started.

* Multi-Level Marketing – Multi-level marketing programmes are businesses that recruit affiliates for two purposes – to sell their product and also to recruit more affiliates. Typically, the affiliates then earn commission on any products they sell and on any products the affiliates they recruited sell, and also from any affiliates those affiliates recruited down to a level set by the company (5 levels is common). These programs can have a huge earning potential as you’re earning money for work done by your affiliates. However, whilst there are a lot of good programmes there are also a few dodgy ones. A MLM program should focus both on selling products and recruiting affiliates – if it focuses on just recruitment, alarm bells should ring!

* eBay Business – eBay is a global marketplace and there are huge opportunities for entrepreneurs to use eBay to run businesses from home. You can find products to sell using wholesalers, or even easier drop-ship suppliers who will handle shipping for you, and then sell them through eBay. Your reduced running costs should enable you to compete effectively with larger suppliers and eBay will help you reach a massive marketplace easily.

* Consultancy – If you’ve got some skills from a previous job, you may find that you can sell them to make money from home on a freelance basis. Often, your old employer (or their competitors!) could be a good client to start with. The internet is coming to the aid of freelance consultants as there are many directories putting consultants in touch with potential employers worldwide – these are particularly good for IT and marketing work, but other directories are developing that could help you to find work.

* Blogging – If you have a passion then why not start a blog and encourage other people with the same interests to follow your blog? You can make money from it in a number of ways such as adding advertising, which is easy with programs such as Google AdSense, or including affiliate links to products that your readers may be interested in.

* Freelance Writing – If you can write well, then you can find people to pay you to do it! For example, many internet marketers are on the lookout for people to write articles to help them promote their products. Use the many online freelancer sites to find work as a writer. Guides are also available on approaching publishers if you want to write for print media.

* Survey taking – It’s unlikely to make you rich, but a decent amount of extra income can be made taking surveys on the internet. Many guides are available online to help you find the surveys that are paying money.

* Home call centre – The improvements in internet telephony has lead to a new phenomenon where call centre companies can redirect calls to operators working from their own home. Shift hours can often be very flexible and fit in around your own schedule so this can be perfect for someone looking to earn some money from home, but they’re very popular so you may have to work hard to get accepted!

* Home Staging – If you’re creative, why not start a business offering home staging services? Real estate companies want to make sales quickly and at the best price and so they’ll be happy to employ you to make their houses look the best they can in order to improve their chances of a sale.

* Party Selling – Once the preserve of plastic storage box sellers, party selling is becoming trendy again with products offered from food and drink to sex toys and lingerie! If you fancy the idea of hosting parties in your home and making some money out of it, this could be a good way to go.