Checking accounts are among the most frequently used financial products in the nation. The Bank of Georgia is offering its customers 0.88% APY on a checking account rate to help provide you with the most worthwhile savings opportunities in the state.

Checking account rate terms and conditions

To qualify for this checking account rate, customers must sign up for an E-Checking Account, and receive electronic monthly account statements. Additionally, customers must have at least 10 check card purchases post per month, and establish one direct deposit each month.

About The Bank of Georgia

The Bank of Georgia is a local financial institution serving the needs of the Georgian community.

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SHANGHAI China is set to aid enterprises in the national service sector with a new program to replace current turnover tax systems with a value added tax system.

On October 26th the State Council of China issued a statement revealing that it has approved a new pilot program to replace the national turnover tax with a simpler value added tax (VAT).

The new tax will be instated from January 1st 2012 for transportation and service firms operating in the Shanghai region. If the program is deemed to be a success, the government will incrementally expand the tax across other regions of the country when economic conditions allow.

Under current tax rules in China, firms operating in the service sector are levied a turnover tax on their annual sales revenues, while manufacturing firms across the country pay a VAT of up to 17 percent.

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Emerging Global Advisors today renamed its EGShares Emerging Markets High Income/Low Beta ETF (NYSEArca: HILO), now calling it the EGShares Low Volatility Emerging Markets Dividend ETF to make plain exactly what the fund is designed to deliver. Its ticker stays the same.

“We renamed the fund EGShares Low Volatility Emerging Markets Dividend ETF to address the conversation most pertinent to investors,” Emerging Global Founder and President Robert Holderith said in a press release.

Investors are looking for decent-yielding funds that aren’t too volatile, at a time of ultralow interest rates in the developed world. HILO h

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Your age can never be a hindrance to save money, once you are above 18, you can always start saving money for your future. Study estimate that an average retirement account holds just $29,000 as of the year 2010. The problem is that people are not saving a significant sum of money for their retirement, so it’s high time you keep in mind the constant fluctuations in taxations and save your money while you are working. As you may read at roth-ira.org, Roth IRA allows you to save money more than what is possible through a regular savings account. T Complete article…

This program involves the tired and failed policies of Reaganomics, just magnified: 

• more tax cuts for the wealthy (zero direct taxation of their primary source of income–making money off money, and –to the extent that the incidence of corporate taxes says that corporate taxation should be attributed to shareholders–reducing those taxes as well);
• elimination of earned benefits for the rest of us (assuring huge revenue shortfalls to the federal government and no dedicated funding of programs, along with dedicated axing of benefits through the ‘deficit/debt’ scare tactic);
• deregulation of everything to do with business or capital (gutting EPA, Dodd-Frank, Sarbanes-Oxley, and every other regulatory agency no matter the impact on the economy or on ordinary Americans, thus encouraging a return to  speculative frenzy that allows socialization of losses/privatization of gains);
• privatization wherever possible (Perry’s plan for privatization of whatever Social Security remains after the afore-mentioned gutting; privatization of schools, firefighters, bridges, highways, etc.); and
• continued militarization.

Michael Kingsley noted that the “economic growth” rationalization of the various flat tax plans that shift the tax burden to the middle class while granting enormous tax cuts to the wealthy is merely “hope masquerading as theory.”   See Kingsley et al, Flat Tax Proposals are Perpetual Fount of False Promises: View, Bloomberg.com (Oct. 24, 20

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