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Wednesday, August 3, 2011
Pub and Restaurant Franchise Opportunities
Franchising is a business option that allows individuals to invest in and operate a specific branch or location of a massive, successful, and established company. This business strategy is popular in the pub or restaurant industry because pub can enjoy the benefits of speedy expansion through massive investments by operating managers.
Facts
Franchising is best suited for the companies having following characteristics such as broad geographical appeal, easy to duplicate, track record of success and profitability, inexpensive to start, and simple to operate. Pub and restaurant uses this business strategy and strongly believe in the benefits of franchising.
Benefits
Franchising can have lot of advantages for the franchisors and franchisees. Franchisors can help you to expand your business and brand quickly through the use of highly motivated operating managers. Franchise will assure you to get success because the franchisors know the necessary efforts that will be made to increase business. In this way, the franchise opportunity ends in smaller start up cost and reduces the risk of getting failure in business. The main benefits of franchise are pre planned business strategy. They are already established and have better management ability, so there are fewer chances to getting failure.
Opportunity
Due to the popularity of the franchise in the pub industry, there are many franchising opportunities such as pubs for sale, pub for sale and pubs for lease. Franchise opportunities are also increasing in the field of restaurant industry. If you are looking to franchise your business, then pub or restaurant franchise may be better option for you.
Considerations
The most important factor that should be considered is contract. The contracts between the franchisor and franchisee, usually last between five and 30 years. If any franchisee will try to cancel or terminate the contract will be penalize. The franchisor has legal rights on royalty fees and the percent of profit. In case if the contract is terminated, the franchisor has authority to regains control of the franchised location while the franchisee losses their preliminary investment and any sunken costs incurred.
Misconceptions
The largest misconception of franchising is the idea that the franchisee is purchasing a franchise or business. Although the franchisee pays a huge percentage of the investment needed to build a pub location, the franchisee still does not own the business location. The restaurant is still owned by the giant, parent company because the investment is fundamentally seen as a payment to make use of the brand name, become an operating partner, and have a chance to share in the profits generated.
Author Bio ? I am a copywriter. I love to write on various topics. Currently I am writing on Pubs for Sale.
Source: http://www.amazingarticles.com/pub-and-restaurant-franchise-opportunities/
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Tuesday, August 2, 2011
Japan keeps verbal warnings, dollar up on debt deal (Reuters)
TOKYO (Reuters) ? Japan's finance minister kept up verbal intervention against a rising yen even as a weak dollar won a reprieve on Monday as U.S. lawmakers reached an agreement to raise the debt ceiling and avoid a sovereign default.
Yoshihiko Noda said he continued to watch markets closely even though he welcomed the news from Washington, Jiji news agency reported. The government's chief spokesman also expressed relief over the agreement and hope that it would help stabilize markets.
Republican and Democrat leaders agreed to reduce the deficit and prevent a default, U.S. President Barack Obama said on Sunday, and now both houses of Congress must approve the plan before the August 2 deadline.
Worries that the two parties could clash over fiscal policy again mean the United States is still vulnerable to a ratings downgrade, but the chance Japan will intervene to weaken the yen has receded as the dollar may have passed the worst phase of its recent decline, traders said.
"There is still some chance of intervention, but the most Japan could do is jawbone the market or spend a small amount on solo intervention," said Tetsu Aikawa, deputy general manager of capital markets at Shinsei Bank.
"The dollar could bottom out against the yen for the time being, because Treasury yields are likely to rise and spreads could widen."
Traders have virtually ruled out a repeat of the co-ordinated yen-selling intervention that the Group of Seven carried out in the aftermath of the devastating earthquake in March.
Against the yen, the dollar climbed to as high as 78.05 yen on Monday, up 1.8 percent from Friday's four-month low of 76.70 yen. It later gave up some of the gains to trade around 77.65 yen, but was still near levels that make policymakers worry about maintaining export competitiveness.
"I feel it's necessary to continue to closely monitor market moves," Noda told reporters before Obama's announcement.
Japanese officials had become increasingly alarmed that U.S. lawmakers would miss the deadline due to wrangling over spending and tax cuts, sources told Reuters on Sunday.
They also voiced concern that anything short of a convincing and lasting solution to the U.S. debt debacle could still lead to market turmoil.
Japanese monetary authorities have indicated that they are prepared to step into the currency market to stem yen rises if they see the moves as driven by speculators and damaging enough to the economy.
(Editing by Tomasz Janowski)
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Monday, August 1, 2011
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At New Delhi's SlutWalk, Women Protest Sexual Violence (Time.com)
On a bright Sunday morning, young women walked the streets of New Delhi without the fear of being ogled or groped. For yesterday's female participants in SlutWalk Delhi, one of a series of marches around the world protesting sexual violence against women, the atmosphere of safety was an exception to daily life in the Indian capital. "People stare at you, they make you feel uncomfortable, and in places where it's very crowded, people take advantage of the crowd and try to molest you," says Trishla Singh, a college student and a coordinator at the event. "On public transportation, going out on the streets, anything that has to do with going out of the house is problematic."
The SlutWalk movement, which started in Toronto in April to protest police indifference to victims of rape, spurred similar marches in the U.S., the U.K. and Australia. In these earlier versions of the event, protesters' clothes were skimpy, the lipstick flaming red and the large crowds exhibitionist in an effort to make their point. In conservative India, the message was the same, but the march through the streets of the capital took a slightly less risqu? form. "It had to be a little bit toned down because we're talking about a different sociocultural context," says Singh. "If you talk about societal time frame, we are not in the same time as Toronto or the U.S." (Read about women in Saudi Arabia's universities.)
To keep the focus on the message of protesting sexual violence, the name of the march was tweaked in Hindi to "Shameless Front." Armed with placards drawn in marker with slogans like "Stop Staring: This Is Not an Invitation to Rape Me" and "I Have Nothing to Be Ashamed of," the hundreds of protesters hoped to draw attention to the growing problem of harassment and violence that women in India are facing. The number of rape cases reported has grown 678% since the country began keeping statistics 30 years ago; rape is now considered the fastest-growing crime in the country. "There was the feeling that something really needs to be done because we all know that Delhi is highly unsafe for women," says Umang Sabarwal, a college student in New Delhi and chief organizer of the event.
A series of high-profile incidents in the capital in the past year has increased the urgency of the call to action. When a 30-year-old woman was raped going home late at night from her job at an Indian outsourcing company, the public outrage that ensued compelled the police to take action. The employee was gang-raped after being dropped off several hundred yards from her home by a hired-car service. To try to protect women going to and from work late at night in shared cabs, the New Delhi police force required companies to drop female employees at their doorsteps and to install GPS units to ensure that the rule was followed.
Incidents of sexual harassment are, in fact, so frequent on the New Delhi metro that certain cars are restricted to female passengers. Earlier this month, when New Delhi's police commissioner advised women not to travel late at night by themselves, he was criticized by women's groups and the media for not taking women's safety seriously enough. "You hear stories, and there are things that happen that are so normal because they happen to everybody," says Sabarwal. "It's very important for women to assert themselves and reclaim what is rightfully theirs."
The heightened sense that women are at risk is in part due to the increasing friction between old cultural norms and new economic realities, says Sunita Kaistha, head of the Women Work & Health Initiative, a nonprofit based in New Delhi. The economic boom that has encompassed the country has brought more women out of their traditional roles in the home and into the workforce, particularly in urban areas. In New Delhi, Kaistha sees the rise in sexual violence as linked to the rise of women in the workforce. "The culture is very patriarchal, and it's still very difficult for people to accept girls working, traveling, going out at night," she says.
The increasing number of women in the workplace has also put a spotlight on behavior in the office. A survey conducted last year by the Centre for Transforming India, a nonprofit organization in New Delhi, found that a startling 88% of female workers in the country's growing IT and outsourcing industry experienced sexual harassment on the job.
The alarming rise in violence may not mean that there are necessarily more incidents of harassment and rape but that they are finally being reported, says Urvashi Butalia, the founder of the first feminist publishing company in India. "Violence against women has always been prevalent, but it never makes it to the papers," she says. "The changing reality is women are out more, accessing the public space more, so on all fronts it's a much more public phenomenon than it was earlier."
For the participants at the New Delhi SlutWalk, taking what was once an individual struggle for Indian women to the streets was an important first step. "People are talking about it. That's a start," says Singh. "People never used to mention rape or molestation as a problem. It used to be a crime, just like stealing someone's car."
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Late stab at debt-limit deal to avert US default (AP)
WASHINGTON ? In a last-minute stab at compromise, Republican congressional leaders and the White House made significant progress Saturday night toward a deal to avert a government default threatened for early next week, according to officials familiar with the talks.
Under the plan, the nation's debt limit would rise in two steps by a total of about $2.4 trillion and spending would be cut by a slightly larger amount, these officials said. The first stage ? about $1 trillion ? would take place immediately and the second later in the year.
Congress would be required to vote on a balanced budget amendment to the Constitution, but none of the debt limit increase would be contingent on its approval.
One Republican official said the two sides had settled on general concepts, but added there were numerous details to be worked out, and no assurance of a final agreement. A Democratic official said the two sides were "not really" close to a deal, but added that one could come together quickly. They spoke only on condition of anonymity about the private negotiations.
Word of significant progress after weeks of stalemate offered the strongest indication yet that an economy-crippling default might be averted.
Without legislation in place by next Tuesday, administration officials say the Treasury will run out of funds to pay all the nation's bills. They say a subsequent default could prove catastrophic for the U.S. economy and send shockwaves around the world.
President Barack Obama is seeking legislation to raise the government's $14.3 trillion debt limit by about $2.4 trillion, enough to tide the Treasury over until after the 2012 elections. Over many weeks, he has agreed to Republican demands that deficits be cut ? without a requirement for tax increases ? in exchange for additional U.S. borrowing authority.
But President Barack Obama has threatened to veto any legislation that would require a second vote in Congress for any additional borrowing authority to take effect, saying that would invite a recurrence of the current crisis in the heat of next year's election campaigns.
First word of an effort to reach a compromise came at mid-afternoon from Senate Republican Leader Mitch McConnell and House Speaker John Boehner ? Obama's principal Republican antagonist in a contentious new era of divided government. Both GOP leaders said they were in touch with the White House and hopeful of a deal.
Senate Majority Leader Harry Reid heatedly denied their claims of progress on the Senate floor a short while later, but several hours later said events had changed.
"There are many elements to be finalized...there is still a distance to go," he said in dramatic late-night remarks. "I'm glad to see this move toward cooperation and compromise," he added.
He said he was optimistic any agreement would not include a short-term extension of the nation's debt limit ? a point on which Obama has insisted.
Officials familiar with the discussions said that while the first-step increase in borrowing authority and cuts in spending would happen at once, the next step would be somewhat more complicated.
The additional increase in borrowing authority, about $1.4 trillion, would be linked to creation of a special committee of lawmakers charged with recommending deficit cuts of a slightly larger size. If the panel failed to act, or its proposals were rejected in Congress, automatic spending cuts would take effect to slice spending by slightly more than $1.4 trillion, possibly affecting Medicare and the Pentagon.
The terms under discussion appeared to satisfy key demands made by both sides.
Obama would prevail on insisting that after the legislation is passed, Congress would not be required to vote for debt limit increases to take place. Republicans would win spending cuts slightly larger than any debt limit increase and avoid any higher taxes.
Reid said that at the request of White House officials, he was postponing a test vote set for shortly after midnight on his own legislation to raise the debt limit while cutting spending.
Republicans opposed his bill, and said in advance they had the votes to block its advance.
Halfway around the world, on a visit to Camp Leatherneck in Afghanistan, the nation's top military officer fielded questions from troops asking if they would be paid in the event of a default.
"I actually don't know the answer to that question," said Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, although he told them they would continue to go to work each day.
Obama, in his weekly radio and Internet address, said there were several ways out of the gridlock that has prevented action by Congress, then added, "There is very little time."
But to get to the endgame, Republicans and Democrats had to go through the formality of killing each other's bills ? scoring their own political points ? before they could turn to meaningful negotiations.
And a few hours after the president spoke, House Republican leaders engineered a vote to defeat the Reid-drafted proposal to raise the debt limit on a near-party line vote at mid-afternoon.
That was payback of sorts ? Reid had arranged the rejection of a House-passed bill on Friday within minutes after it reached the Senate.
Individual lawmakers expressed anxiety about the prospect that faced the country if it were to default for the first time in history.
"I'm worried about Congress defaulting on our country," said Sen. Johnny Isakson, R-Ga., urging lawmakers to find common ground. He suggested that spending cuts take place automatically if necessary to ensure the debt limit does not expire before 2013.
With financial markets closed for the weekend, lawmakers had a little breathing room, but not much. Asian markets begin opening for the new work week when it is late Sunday afternoon in the capital.
In his remarks at a news conference, McConnell said Obama "needs to indicate what he will sign, and we are in those discussions."
He said later he had spoken several times during the day with Vice President Joe Biden, who played a prominent role in earlier attempts to break the gridlock that has pushed the country to the verge of an unprecedented default.
Boehner said that despite the partisanship of recent weeks, "I think we're dealing with reasonable, responsible people who want this crisis to end as quickly as possible and I'm confident it will."
The talk of compromise contrasted sharply with the day's earlier developments as both the House and Senate convened for unusual Saturday sessions.
The House voted down legislation drafted by Democrat Reid to raise the government's debt limit by $2.4 trillion and cut spending by the same amount.
The vote was 246-173, mostly along party lines and after debate filled with harsh, partisan remarks.
Republicans said the Reid spending-cuts plan was filled with gimmicks and would make unacceptable reductions in Pentagon accounts. "It offers no real solutions to the out-of-control spending problems," said Rep. Alan Nunnelee of Mississippi, part of a group of 87 first-term Republicans who have led the push for deeper spending cuts.
Not even Democrats seemed to like the legislation very much, although many emerged from a closed-door meeting of the rank and file saying they would vote for it.
Rep. Lloyd Doggett, D-Texas, called it "the least worst alternative to avoid default."
Yet with their votes, many Democrats signaled their readiness for compromise by voting to cut spending without raising taxes. Many Republicans insist taxes must not be raised to cut into federal deficits, even for the wealthiest Americans and for big oil companies.
House Democratic leader Nancy Pelosi said Boehner "chose to go to the dark side" when he changed his own legislation to satisfy tea party lawmakers and other critics.
There were catcalls from the Republican side of the aisle at that, and Pelosi responded by repeating that the speaker "chose to go to the dark side."
The House-passed bill provides for a $900 billion debt limit increase, coupled with $917 billion in federal spending cuts.
The last-minute change requires both houses of Congress to approve a Constitutional balanced budget amendment as a precondition for additional borrowing authority to take effect.
Republicans ridiculed Reid's legislation.
"Not only does it fail to address our spending and debt problem, it won't even prevent a downgrade of our credit rating," said Rep. Scott Garrett, R-N.J. "We need actual cuts to government spending to address our long-term debt crisis, not phantom cuts and accounting gimmicks."
___
Associated Press writers Donna Cassata and Matt Yancey in Washington and Lolita Baldor in Afghanistan contributed to this report.
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