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Floating Rates Versus Fixed Rates
Reem Heakal

Did you know that the foreign exchange market (also referred to as FX or forex) is the largest market in the planet? In fact, over $one trillion is traded in the currency markets every day. This article is definitely not a primer for currency trading, but it will help you understand exchange rates and why some fluctuate whereas others do not.

What Is an Exchange Rate?
An exchange rate is the rate at that one currency can be exchanged for an additional. In other words, it is the price of another country's currency compared to that of your own. If you're traveling to a different country, you would like to "obtain" the local currency. Simply like the price of any asset, the exchange rate is the worth at that you'll be able to obtain that currency. If you're traveling to Egypt, as an example, and therefore the exchange rate for USD 1.00 is EGP 5.fifty, this implies that for each U.S. dollar, you can buy five and a [*fr1] Egyptian pounds. Theoretically, identical assets should sell at the identical worth in several countries, as a result of the exchange rate must maintain the inherent price of 1 currency against the opposite.

Mounted
There are 2 ways in which the value of a currency can be determined against another. A mounted, or pegged, rate could be a rate the govt (central bank) sets and maintains because the official exchange rate. A set worth will be determined against a major world currency (usually the U.S. dollar, but additionally other major currencies like the euro, the yen, or a basket of currencies). In order to maintain the local exchange rate, the central bank buys and sells its own currency on the foreign exchange market in return for the currency to which it is pegged.

If, for instance, it is determined that the value of a single unit of local currency is equal to USD three.0zero, the central bank can have to make sure that it can offer the market with those bucks. In order to keep up the rate, the central bank should keep a high level of foreign reserves. This could be a reserved quantity of foreign currency held by the central bank that it can use to unleash (or absorb) additional funds into (or out of) the market. This ensures an appropriate money supply, applicable fluctuations within the market (inflation/deflation), and ultimately, the exchange rate. The central bank can additionally regulate the official exchange rate when necessary.

Floating
Unlike the fastened rate, a floating exchange rate is set by the non-public market through provide and demand. A floating rate is typically termed "self-correcting", as any differences in provide and demand will automatically be corrected in the market. Take a look at this simplified model: if demand for a currency is low, its worth will decrease, thus creating imported product a lot of expensive and therefore stimulating demand for local goods and services. This in turn can generate additional jobs, and hence an auto-correction would occur in the market. A floating exchange rate is constantly changing.

In reality, no currency is wholly fastened or floating. In a fixed regime, market pressures will conjointly influence changes within the exchange rate. Typically, when a local currency does mirror its true worth against its pegged currency, a "black market" which is more reflective of actual offer and demand could develop. A central bank will often then be forced to revalue or devalue the official rate so that the speed is per the unofficial one, thereby halting the activity of the black market.

In a very floating regime, the central bank could additionally intervene when it is necessary to ensure stability and to avoid inflation; but, it is less usually that the central bank of a floating regime will interfere.

The planet Once Pegged
Between 1870 and 1914, there was a global mounted exchange rate. Currencies were linked to gold, which means that the price of a native currency was fastened at a group exchange rate to gold ounces. This was known as the gold customary. This allowed for unrestricted capital mobility plus world stability in currencies and trade; but, with the start of World War I, the gold standard was abandoned.

At the tip of World War II, the conference at Bretton Woods, in a shot to get global economic stability and increased volumes of world trade, established the essential rules and regulations governing international exchange. As such, a world monetary system, embodied within the International Monetary Fund (IMF), was established to push foreign trade and to take care of the monetary stability of nations and therefore that of the world economy

It had been agreed that currencies would once again be mounted, or pegged, but now to the U.S. dollar, which in flip was pegged to gold at USD thirty five/ounce. What this meant was that the price of a currency was directly linked with the worth of the U.S. greenback. So if you needed to shop for Japanese yen, the value of the yen would be expressed in U.S. bucks, whose value in turn was firm within the value of gold. If a country required to readjust the value of its currency, it may approach the IMF to regulate the pegged worth of its currency. The peg was maintained till 1971, when the U.S. dollar could now not hold the price of the pegged rate of USD thirty five/ounce of gold.

From then on, major governments adopted a floating system, and all makes an attempt to move back to a world peg were eventually abandoned in 1985. Since then, no major economies have gone back to a peg, and the use of gold as a peg has been utterly abandoned.

Why Peg?
The reasons to peg a currency are linked to stability. Especially in nowadays's developing nations, a country might decide to peg its currency to create a stable atmosphere for foreign investment. With a peg the investor can invariably know what his/her investment worth is, and therefore can not have to worry regarding daily fluctuations. A pegged currency will also facilitate to lower inflation rates and generate demand, which results from bigger confidence in the soundness of the currency.

Fastened regimes, but, can usually cause severe money crises since a peg is troublesome to maintain in the future. This was seen in the Mexican (1995), Asian and Russian (1997) money crises: an try to maintain a high worth of the native currency to the peg resulted in the currencies eventually turning into overvalued. This meant that the governments might no longer meet the strain to convert the local currency into the foreign currency at the pegged rate. With speculation and panic, investors scrambled to urge out their money and convert it into foreign currency before the local currency was devalued against the peg; foreign reserve provides eventually became depleted. In Mexico's case, the government was forced to devalue the peso by thirty%. In Thailand, the govt eventually had to permit the currency to float, and by the top of 1997, the bhat had lost its value by fifty% because the market's demand and supply readjusted the price of the local currency.

Countries with pegs are usually related to having unsophisticated capital markets and weak regulating institutions. The peg is thus there to assist create stability in such an setting. It takes a stronger system in addition to a mature market to maintain a float. When a rustic is forced to devalue its currency, it's also needed to proceed with some type of economic reform, like implementing larger transparency, in an effort to strengthen its money institutions.

Some governments could select to own a "floating," or "crawling" peg, whereby the govt reassesses the price of the peg periodically and then changes the peg rate accordingly. Usually the amendment is devaluation, however one that is controlled thus that market panic is avoided. This methodology is typically used in the transition from a peg to a floating regime, and it permits the government to "save face" by not being forced to devalue in an uncontrollable crisis.

Although the peg has worked in creating international trade and monetary stability, it had been used solely at a time when all the main economies were a half of it. And while a floating regime is not while not its flaws, it's proven to be a additional efficient means that of determining the long term worth of a currency and making equilibrium in the international market.


Article Courtesy:
http://finance.yahoo.
com/education/
currencies/article/
106076/Basic_
concepts_for_
currencies_markets


Currency News
 Forex Rate - Currency News
Forex news and articles about spot Gold prices and oil

Euro Weakness Looking To Hold
by admin
21 May 2012 at 12:33pm
On the Forex markets this morning the Euro around was struggling to regain a foothold beyond the $1.27 area against the Dollar. Staying virtually unchanged from its level on Friday, the dollar at 1.2692 euro (+ 0,08%). A low of 1.2642 dollars was hit this morning, against a peak at 1.2708. No significant movements to report against the ye Read more ...
Euro Down Slightly After Weekend On Spain Worry
by admin
1 May 2012 at 4:41am
Yesterday the euro was down slightly compared to the U.S. dollar, 1.321 to 1.325 dollars compared to last Friday, particularly affected by the disturbing news growing on Spain. The Spanish economy has again contracted by 0.3% in real terms in the first quarter 2012 compared to the last of 2011, according to the National Statistics Institu Read more ...
Euro Stability Still A Concern On Forex Markets
by admin
24 Apr 2012 at 8:13am
Parity between the euro / dollar is now almost perfectly balanced on the currency market: at around 13:00 hours, the euro was trading at 1.3156 (- 0.01%). Slightly increased towards the yen to 106.9. Nothing to report in the forex market on the state of the euro / Swiss franc, which is stable at 1.2021. ‘We expect fu Read more ...
Euro Mixed Against All Other Majors
by admin
18 Apr 2012 at 7:53am
The single currency was losing again today, dropping below $1.31 (EUR/USD) on Wednesday afternoon, amid persistent doubts about the sovereign status of Europe. At this time, the euro yield is 0.42% against the greenback at 1.3073 dollars per euro. The IMF reviewed yesterday, downgrading its growth forecast for Spain in 2012, which shows a Read more ...
Fed Keeps Rates Low ? Euro Seems Without Trend
by admin
14 Mar 2012 at 6:40am
The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar. The Euro dropped yesterday afternoon from 0.04% to 0 Read more ...
Bernanke comments causes sell off
by Tom
1 Mar 2012 at 4:55am
Market sentiment received a bit of a boost yesterday when the results of the ECB?s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks. The ECB lent 800 banks ?529.5 billion, somewhat above the ?450 billion that the market had been anticipating and the ?489 billion lent to 523 fi Read more ...
Euro firm however downside risks remain
by Tom
28 Feb 2012 at 8:36am
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor?s that it is cutting Greece?s long term credit trading to selective default. Such a move was already expected and indeed factored in, though yesterday?s comments from EU Commission Read more ...
Euro upside following Greek deal
by Tom
22 Feb 2012 at 9:34am
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded in a relatively tight range versus the dollar over the past 24 hours. Parliaments in three countries (Germany, the Netherlands and Finland) must now a Read more ...
Euro upside following Greek Deal
by Tom
21 Feb 2012 at 9:20am
The euro gained some ground in early morning trade briefly breaking through key resistance after eurozone finance ministers finally sealed the details of a second ?130 billion bailout package for Greece. There was also agreement on the details of Greek?s deal with private sector investors, who are now expected to take a haircut in excess of Read more ...
Euro sold as Greek Deal lingers
by Tom
16 Feb 2012 at 4:35am
The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to tough austerity measures. This was before the latest twist in the on-going Greek debt saga saw renewed pressure on the single currency, which has fallen back to trade at Read more ...



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Trade Idea Update: USD/CHF ? Buy at 0.9400
23 May 2012 at 7:02am

Intra-day breach of previous resistance at 0.9500 confirms recent upmove has resumed and further gain to 0.9530-35 and then 0.9560-65 (50% projection of 0.9115-0.9500 measuring from 0.9368) would be seen, however, loss of near term upward momentum should prevent sharp rise beyond latter level and still reckon price would falter


Trade Idea Update: GBP/USD ? Sell at 1.5850
23 May 2012 at 7:00am

Although cable has resumed recent decline and fell to as low as 1.5677, loss of near term downward momentum should prevent sharp fall below 1.5650-55 (50% projection of 1.6124-1.5732 measuring from 1.5849) and reckon 1.5634 minor support would hold from here, risk from there is seen for a corrective rebound


Trade Idea Update: EUR/USD ? Sell at 1.2735
23 May 2012 at 6:58am

Despite intra-day resumption of recent decline, lack of follow through selling on break of previous support at 1.2624 suggests consolidation would be seen and recovery to intra-day resistance at 1.2690 cannot be ruled out, however, upside should be limited to the Kijun-Sen (now at 1.2696) and renewed selling interests should


Trade Idea Update: USD/JPY ? Hold short at 80.10
23 May 2012 at 6:56am

Despite overnight brief rise to 80.15, the subsequent retreat has retained our bearishness and consolidation with downside bias remains for weakness to 79.23-28 (previous minor support and current level of the Ichimoku cloud bottom), however, a sustained breach below there is needed to signal the rebound form 79.01 has ended


Mid-Day Report: Greece Exit Worries Sent Markets Lower
23 May 2012 at 6:37am
Greece is again in spotlight after former prime minister Papademos said yesterday that "risk of Greece leaving the euro is real". IMF chief Lagarde said that Eurozone is "at the very epicenter of the crisis". Greece exit from Eurozone is not a preferred option and urged Greece to "do a
EUR/USD Mid-Day Outlook
23 May 2012 at 6:33am
The break of 1.2625/41 support zone suggest that fall from 1.3485, as well as the larger decline from 1.4939 is resuming. Intraday bias remains on the downside and current fall should now target 61.8% projection of 1.4246 to 1.2625 from 1.3486 at 1.2484 next. On the upside, though, above 1.2824
GBP/USD Mid-Day Outlook
23 May 2012 at 6:29am
The break of 1.5731 indicates that GBP/USD's fall from 1.6300 has resumed and intraday bias remains on the downside for 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low. On the upside, though, break of 1.5847 resistance will argue
USD/CHF Mid-Day Outlook
23 May 2012 at 6:26am
The break of 0.9499 indicates that recent rally in USD/CHF has resumed. Intraday bias remains on the upside and rise from 0.9041 should now target 0.9594 key resistance next. On the downside, break of 0.9366 support is needed to signal short term topping. Otherwise, near term outlook will remain bullish
USD/JPY Mid-Day Outlook
23 May 2012 at 6:23am
USD/JPY continues to stay in range above 78.99 despite today's sharp fall. Intraday bias remains neutral for the moment. After all, near term outlook remains bearish with 80.54 resistance intact and deeper decline is still expected. Below 78.99 will extend the fall from 84.17 towards 75.56/76.02 support zone. Though, break
GBP/JPY Mid-Day Outlook
23 May 2012 at 6:21am
GBP/JPY's break of 124.64 indicates that recent decline has resumed. Intraday bias remains on the downside and current fall from 133.48 should extend to 61.8% retracement of 116.83 to 133.48 at 123.19 next. Sustained break there will target a test on 116.83/117.29 support zone next. On the upside, though, note
EUR/USD - Bullish Divergence At Key Support Pivot Suggests Consolidation
23 May 2012 at 6:15am
The EUR/USD fell from slightly above 1.28 starting in the 5/22 Asian session after it developed a bearish divergence with the RSI in the 1H chart. It has since fell sharply but is now testing (and cracking) the 1.2625 support pivot see in the daily chart below. In doing so,
Will Greece Leave or Not?
23 May 2012 at 5:58am
We have heard conflicting information about Greece over the last 24 hours: first we heard that Greece was making plans to leave the Eurozone from former Prime Minister Papademos, which was denied. Then this morning reports from a German newspaper suggested that the ECB had set up a task force
BoJ Leaves Monetary Policies Unchanged; USD/JPY Drops
23 May 2012 at 5:56am
The Bank of Japan met during the 5/22 Asian session to discuss monetary policy. The market has been pricing in more stimulus even though Shirakawa had spoke again st it. The BoJ added 10 tillion yen to its asset purchase program last month to make it 40 trillion yen, but
Fitch Fires Another Round
23 May 2012 at 5:05am
Fitch downgraded Japan by two notches yesterday afternoon from AA to A+ with outlook negative. The agency justified the credit rating cuts by saying that the Japanese government isn't reactive enough in tackling its 'high and rising public debt ratios'.
No Additional Easing Today but BoJ Stays on Easing Path
23 May 2012 at 4:53am
Today's statement does not change our view that BoJ armed with its new 1% inflation target will stay on an easing path. We expect the bank to increase the limit for its asset purchase programme by JPY15trn in several stages during 2012 mainly to create additional space
 
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Papademos? Comments Send Euro Lower
by info@dailyforex.com
23 May 2012 at 3:43am
During the Asian trading session, the common currency Euro continued its slide edging near to a 21-month trough as worries over a disorderly Greek exit escalate.
Markets Focus on EU Response to Crisis
by info@dailyforex.com
22 May 2012 at 3:20am
The Euro refuses to budge too far from the recently struck 4-month low, and is finding it difficult to break through technical resistance.
Uncertainty Prevails to Pressure Euro
by info@dailyforex.com
21 May 2012 at 3:20am
The Euro managed to hold onto another day of gains despite the G8?s somewhat tepid assurances to continue to work towards a resolution for the Eurozone sovereign debt crisis.
Euro Declines as Contagion Fears Rise
by info@dailyforex.com
18 May 2012 at 3:34am
The Euro continues to decline on rising contagion fears and growing worries that Greece will be compelled to exit the Eurozone.
Euro and Aussie Feel the Pressure
by info@dailyforex.com
17 May 2012 at 3:48am
Though the Euro clawed higher, it remains vulnerable as fears of a Greek exit grow on the backs of news that some Greek banks are experiencing a funding crisis.
Greek Mess Sends Euro to 4 Month Low
by info@dailyforex.com
16 May 2012 at 3:31am
In Asian trading, the Euro wallowed near to a 4-month low versus the U.S. Dollar, but traders expect a continued downtrend following the stalemate in Greek politics which will usher in a new election, certainly, but moreover, the increasing risk of a Greek exit from the Eurozone.
Muddled Greek Politics Pressures Euro
by info@dailyforex.com
15 May 2012 at 3:29am
Traders are growing increasingly worried that the political impasse staged by the ruling parties in Greece will ultimately lead to the country?s pull out from the Eurozone which is pushing the common currency lower in Asian trading.
Risky Currencies Fall on Greek Worries
by info@dailyforex.com
14 May 2012 at 4:37am
Greece?s political leaders failed again to find some common ground and form a coalition government to move the country forward, with the likely outcome first another election within the next few weeks and later a possible withdrawal from the Eurozone.
Traders Risk Off Sentiment Picks Up
by info@dailyforex.com
11 May 2012 at 3:24am
The Euro struck a 3½ month low against the U.S. Dollar in Asian trade as news of $2 billion over the past six weeks in trading losses by JP Morgan caused some market jitters and risk aversion.
Euro Broadly Weaker on Greek Worries
by info@dailyforex.com
10 May 2012 at 3:39am
The Euro continues to hold close to a multi-months low versus the U.S. Dollar held there by Greece?s political deadlock.
 
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US: New Home Sales (MoM) rise by 3.3% to 0.343M in April
by FXstreet.com
23 May 2012 at 8:07am
FXstreet.com (Barcelona) - New Home Sales in the US have risen in April by 3.3%, rising more than...

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US Apr New Home Sales (MoM) increase to 0.343M vs 0.332M in Mar
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23 May 2012 at 8:04am
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US New Home Sales Change (MoM) up to 3.3% in Apr
by FXstreet.com
23 May 2012 at 8:02am
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US: Housing Price Index (MoM) rises by 1.8% in March
by FXstreet.com
23 May 2012 at 8:02am
FXstreet.com (Barcelona) - In March, the monthly change of the Housing Price Index was a 1.8% rise,...

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US Mar Housing Price Index (MoM) up 1.8%
by FXstreet.com
23 May 2012 at 8:01am
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Forex: USD/JPY trades above 79.30 support
by FXstreet.com
23 May 2012 at 8:00am
FXstreet.com (San Francisco) - After falling from 80.15, intra-week high, to test 79.30 zone since...

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Forex: US Dollar Index flat ahead of the EU Summit
by FXstreet.com
23 May 2012 at 7:58am
FXstreet.com (Barcelona) - The US Dollar Index, which gauges the world?s reserve against its major...

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Forex: GBP/USD with ceiling at 1.5735 area
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23 May 2012 at 7:38am
FXstreet.com (Barcelona) - Today?s ride started by losing the 1.5800 handle, followed by a plunge...

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Forex: EUR/USD back to positive, eyes on EU Summit
by FXstreet.com
23 May 2012 at 7:09am
FXstreet.com (Barcelona) - The bloc currency is reverting its negative mood on Wednesday, previous...

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Greece won't exit; but if it happens, "other countries would leave as well" -...
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23 May 2012 at 6:51am
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Forex: USD/CAD marginally higher after Canadian data
by FXstreet.com
23 May 2012 at 6:49am
FXstreet.com (Córdoba) - The Canadian dollar remained soft against the greenback after data showed...

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Canada: Leading Indicators unchanged at +0.3% in April
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23 May 2012 at 6:42am
FXstreet.com (Barcelona) - Canadian leading indicator gained 0.3% in April, matching March?s...

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Canada: Retail sales rose 0.4% in March
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23 May 2012 at 6:40am
FXstreet.com (Barcelona) - Retail sales in the Canadian economy rose 0.4% in March, beating...

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Canada Mar Retail Sales (MoM) grow 0.4% and ex-autos increase 0.1%
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23 May 2012 at 6:31am
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Canada Leading Indicators (MoM) stays unchanged at 0.3% in Apr
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Shareholders May Bust Up JPMorgan: KBW
23 May 2012 at 7:51am

Konrad said that his firm did not think that JPMorgan CEO James Dimon was "going anywhere soon," in the wake of the company's $2 billion second-quarter hedge trading loss and its suspension of its share buyback program, but that "should the market continue to depress the multiples of universal banks regardless of underlying values, we believe the ... (more)



Bank eyed case for more stimulus
23 May 2012 at 4:36am

Bank of England policymakers voted by 8-1 this month against pumping more money into the economy, but the decision was "finely balanced" for some members, minutes show.



EU appeals to China to join global emissions talks
23 May 2012 at 1:26am

A European envoy held out a possible compromise in a fight with China over carbon emissions charges on airlines, saying Wednesday that Europe might alter its system if Beijing helps negotiate global regulations.



No 10 Adviser Attacks 'Socialist' Vince Cable
23 May 2012 at 1:26am

A controversial Downing Street adviser has accused Business Secretary Vince Cable of being a socialist who "appears to do very little to support business". Venture capitalist Adrian Beecroft, who wrote a report for No 10 calling for proposals making it easier to fire workers, said the Liberal Democrat's objections to his plans were "ideological not ... (more)


Free Press, Public Knowledge Pan FCC Chair's Usage-Based Pricing Shout-out
22 May 2012 at 10:17pm

Usage-based pricing critics inside the Beltway were quick to criticize or try to correct Federal Communications Commission chairman Julius Genachowski's Tuesday after he gave a shout-out to price experimentation as an important business model.



Why Facebook still doesn't look cheap
22 May 2012 at 6:07pm

If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.


FCC chief backs usage-based Internet pricing
22 May 2012 at 5:07pm

The head of the Federal Communications Commission said he supports cable companies' charging for Internet based on how much a subscriber uses the service, and also welcomed a cable industry initiative to share Wi-Fi hotspots around the country.



The Most Exclusive 2012 Election Donor Zip Codes
22 May 2012 at 5:07pm

If you live in Manhattan's Upper West Side, there's a good chance you've contributed to Barack Obama's re-election campaign, while those of you who live directly across Central Park in the Upper East Side probably have funded Mitt Romney's run.


CEO Nexus to Host CEO Forum at Rollins College June 12 with Philip Holt
22 May 2012 at 12:13pm

ORLANDO, Fla. --- CEO Nexus will host its next CEO Forum at Rollins College Tuesday, June 12, featuring keynote speaker Philip Holt, founder, president and chief executive officer of online gaming studio Row Sham Bow in Orlando.

Steve Quello, president of CEO Nexus, said the Forum, which begins at 6 p.m. in the Gallery at Rollins College, is open to area CEOs and corporate principals.

Quello said Holt is a highly respected pioneer in the digital gaming industry. As general manager of EA Sports, a subsidiary EA Tiburon, Holt played a major role in shaping the Madden NFL series into one of the most popular gaming suites on the market and making EA Tiburon's PGA gaming brands an industry benchmark.

Holt left EA Sports last year to launch Row Sham Bow, which now has a full-time staff of more than 17 engineers, creative directors and technicians. Row Sham Bow recently launched the game Woodland Heroes on FaceBook.

"This is a great forum to get up close and personal with industry leaders like Philip Holt." said Dr. Tom O'Neal, executive director of the Florida Economic Gardening Institute and associate vice president for Research and Commercialization at UCF. "I'm sure it will be a rewarding experience for all that are fortunate enough to attend."

To register for the CEO Forum at Rollins, or to learn more about CEO Nexus, visit www.ceonexus.com.

CEO Nexus is an organization that works in concert with public and private organizations interested in providing business leaders-owners, CEOs and presidents-with practical tools and techniques designed specifically for growing second-stage companies. Sponsors include the Edward Lowe Foundation, the Florida High Tech Corridor Council, the University of Central Florida Office of Research & Commercialization, Rollins College Center for Advanced Entrepreneurship and GrowFL.


Amelia National Completes Construction of $185,000 Wall, Introduces 21 New Lu...
22 May 2012 at 12:06pm

JACKSONVILLE, Fla. --- Amelia National Golf & Country Club recently completed construction of a permanent wall along the concourse on the community's southern boundary.

David Haas, chief development officer at ICI Homes and Amelia National, said the cost of construction was $185,000.

The Concourse wall is just part of the flurry of activity underway at Amelia National. The club has hosted several local charitable events and tournaments in the last several months. "We like to show off the property whenever we can," said Haas. "Over the last three years, more than $2 million has been spent on maintenance, carry costs and improvements for the Amelia National community. Our solid long-term commitment to the project is beginning to yield some promising results."


Hometown Health TV in Leesburg, Fla. Named Outstanding Incubator Client at In...
22 May 2012 at 11:50am

Atlanta, Ga. / Leesburg, Fla. - Hometown Health TV LLC, a client company of the University of Central Florida Business Incubation Program in Leesburg, Fla., received an international award at the National Business Incubation Association's International Conference on Business Incubation.

The NBIA award - the 2012 Outstanding Incubator Client in the non-technology category - was presented to Hometown Health TV founder and media and marketing professional Marc Robertz-Schwartz at the NBIA's recent conference in Atlanta. The company was selected from a field of applicants from across the globe.

"I don't think any small business launches with this kind of recognition on its list of things to do; I think that's what makes this recognition so humbling and gratifying. Three years ago I didn't even know what an incubator was or how it could help me grow a successful business. Today - with the support of the UCF Business Incubation program, Lake County and the City of Leesburg - we're being looked at as a model and, perhaps, an inspiration to other small businesses during a challenging economy," Robertz-Schwartz said after receiving the prestigious award.

With more than 7,000 business incubators worldwide, the NBIA - the world's leading organization in advancing business incubation - estimates that in 2005 alone, North American incubators assisted more than 27,000 start-up companies that provided full-time employment for more than 100,000 workers and generated annual revenue of more than $17 billion, according to Linda Knopp, director of policy and analysis and research for the National Business Incubation Association.

"Business incubation programs like the University of Central Florida Business Incubation Program catalyze the process of starting and growing companies by providing entrepreneurs with the expertise, networks and tools they need to make their ventures successful," she said.

Hometown Health TV, a three-year-old Lake County health and medical-oriented TV production company, launched Hometown Health, with the goal of developing cost-effective video and web platforms for physicians and healthcare professionals so they could share their expertise on health issues with both existing and new patients watching the videos, according to Robertz-Schwartz.


Staff at Pulte Homes, Centex and Del Webb in Tampa volunteer for kitchen duty...
22 May 2012 at 11:42am

TAMPA, Fla. --- General sales manager Mike Finley and 14 other members of the Pulte Homes, Centex and Del Webb sales team in Tampa volunteered for kitchen duty recently to help feed homeless men, women and families at Trinity Café in downtown Tampa.

Finley, who organized the volunteer day, said he was impressed with the enthusiasm his staff exhibited.

"I'm sure we will return to do this again," Finley said. "We were very impressed by the people we met on both sides of the counter. I would encourage everyone to get involved helping the community, the sense of accomplishment is enormous," he said.

About Pulte Homes Award winning Pulte Homes communities are designed to deliver the best quality of life for home owners. By combining innovative life-enhancing designs, an unwavering commitment to quality and attention to detail, Pulte Homes is the nation's premier home brand for upwardly mobile home buyers in 26 states and the District of Columbia. As the most awarded homebuilder in customer satisfaction, Pulte Homes has ranked tops in the annual JD Power and Associates® New-Home Builder Customer Satisfaction Studysm more than 75 times since 2000. For more information about Pulte Homes, visit www.pultehomes.com.

About PulteGroup PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of America's largest home building companies with operations in approximately 60 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes and Del Webb, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide home buyers with innovative solutions and new homes designed for the way people actually live today. As the most awarded home builder in customer satisfaction, PulteGroup brands have consistently ranked among top home builders in third-party customer satisfaction studies.


Private SpaceX rocket blasts off for space station
22 May 2012 at 10:43am

A first-of-its-kind commercial supply ship rocketed toward the International Space Station following a successful liftoff early this morning, opening a new era of dollar-driven spaceflight.


JPMorgan's Dimon unperturbed by potential trading losses
22 May 2012 at 6:28am

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., still won't say how much the bank could wind up losing from risky trades that cost it at least $2 billion. Pain management doctors NJ . JPMorgan recently disclosed the bank lost $2 billion in complicated trades in its chief investment office, and said the losses could widen by as much as $1 billion.



Ditch euro? Many Greeks already are
22 May 2012 at 6:28am

People in this central Greek city are rejecting the euro before it rejects them. Apostolos Arabatzis keeps bees on his farm outside Volos, and the honey from his hives helps him make ends meet. Reviews of Credit Cards. What's remarkable about this picture isn't the farmer's honey - it's the money that he gets for it.


 

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