Are "No Risk" Lawsuit Loans Violating Usury Laws?

In light of a recent new trend in litigation, opponents and proponents have entered a gridlock in the arena of non recourse lawsuit funding. Legal professionals readily acknowledge every case has its own set of nuances being no two cases are the same nor is there a 100% guarantee of success on any given case.

Now enters “No Risk Lawsuit Loans” from firms such as 1st Choice Funding and while this form of capital is most compared to traditional lending interest, the program delivers far more lenient recovery than any government regulated lender offers. Ask yourself “when last was I offered money on these terms”

You don’t need credit to receive a loan
You don’t need collateral to receive a loan
You don’t need employment to receive a loan
You don’t need to make any payments ever to receive a loan
You don’t need to prove you have the ability to repay to receive a loan, and the only thing we ask in return is that “if or when” you win your lawsuit you repay us…ok?

Now as absurd as this seems this is exactly what a “No Win…No Pay…No Risk” Lawsuit Loans, or really venture capital investments” from 1st Choice Funding offers says company president Timothy. S. Gray. Thus when hastily comparing ‘no risk funding” to “low interest bank loans” are we comparing "apples & oranges?" It appears the choice is clear, if you don't like the cost of return for a no risk investment and feel you want to absorb 100% risk and monthly cash flow depletion of ongoing payments then traditional lending is your best option. But for an increasing number of plaintiffs and their attorney’s, higher interest with “no recovery-no monthly payments-no risk funding” is a preferred option.

When a professional financial consulting firm specializing in Plaintiff and Attorney funding like 1st Choice Funding (located at 1stchoicefunding.com) does the company not provide a “mixed signal” since the firms motto clearly defines it’s agenda, "Protecting Your Interest from Interest?" With that being the company foundation, how then does 1st Choice Funding support an industry whose services have been labeled “usury” by some? Company COO when asked this question Ellen Sampson stated, “we will only represent investment firms whose recovery rates are not "excessive." That being said then the real question remains "what is excessive" and this is where the issue heats up.

1st Choice Funding’s management staff freely offered this perspective, “we find it ironic that those who use words like "usury" are themselves eager to obtain the return rate if it was their opportunity. This issue has been made clear on “too numerous to count instances” when asked of those whose position on the subject is negative. When asked “if this was your money and you were taking this type of risk, what would your rate of return be?” It is at this defining moment when the “shoe now being on the other foot, suddenly begins to fit a lot better and the rates no longer seems excessive or usury.”

To learn more about this innovative program log onto the company website at http://1stchoicefunding.com or call toll free 1800.839.0939


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About the Author: I am an entrepreneur who has successfully operated 3 separate and corporations. Using boot strap philosophy, I have on limited budgets launched and operated each corporation to six figure earnings within 3 years of inception. As such I have over 20 years in business management and am an expert in financial management.

Will a new law make your TV obsolete?

Will a new law make your TV obsolete?
The United States government is requiring TV stations to cease broadcasting analog channels. April 7th, 2009 is the current date the FCC is requiring U.S. stations to broadcast using digital signals instead of existing analog signals. With a conversion date slightly over three years from now and little publicity on the topic, what is an American consumer to do?

First, let’s take a look at what is driving these changes and then we’ll look at what options American consumers have regarding their home television sets.

Why convert to digital TV?

There are three main factors driving the industry change from analog signals to digital. Standardized digital conversion will create a common and effective way for TV broadcasters to encrypt their content and protect against piracy. Digital content not only provides better content for viewers, but perfect reproduction for content piracy. No longer is there a “copy of a copy” effect. Every reproduction of digital content is as clear as the original. Existing laws and standards don’t allow broadcasters to protect their content because they have to provide analog versions. The conversion to digital broadcast will allow encryption to be employed.

The second reason for digital TV conversion is to raise money through the sale of frequency spectrums. VHF (Very high frequency) channels are currently used for TV stations 2-13, but that frequency range is also used for FM radio, navigation systems, aircraft communications and two-way radios for police, taxis and marine communications. UHF (Ultra high frequency) channels are used for all other TV stations that are not digital. This frequency range is also used currently for cell phones, cordless phones, wireless networking, ham radio and other licensed two-way communications (GMRS, FRS) and microwave ovens.

During the mid 90’s the FCC auctioned PCS spectrum frequencies, which current digital cellular phones operate on and generated over $7.7 billion in revenue for the A and B blocks alone. When TV stations convert to digital frequencies, the FCC plans to auction the newly available spectrum to the highest bidder. Revenues from this auction are expected to exceed $10 billion with $5 billion legislated to pay down the federal deficit.

The final reason driving the conversion to digital broadcast comes from providers themselves. In addition to being able to protect their content, TV stations will be able to provide better content. Digital TV will be broadcast in higher resolution, meaning your picture will be clearer and sharper. The aspect ratio, the way the picture is displayed, will be different…more like the way movies in theaters are displayed. Think rectangle instead of square. Digital TV will also supply Dolby digital surround sound. Most importantly though is the ability to broadcast more than one channel at a time. For instance, HBO currently broadcasts eight channels on digital cable and digital satellite. Subscribers who have analog cable only receive one HBO channel.

Is a new TV required?

So what does all this information mean to American TV watchers? First of all, you won’t necessarily have to buy a new TV. If you’re one of the less than 30% who still watches TV using only an antenna, your TV will go blank on April 7th, 2009, but you’ll be able to fix that situation using a digital converter box instead of buying a new TV. The consumer electronics industry is hoping the price point of that device will be less than $70. For the remaining 70% of American TV watchers who subscribe to cable or digital satellite services, your current set top box will act as the converter for your TV. However, some features that only a new digital TV will have is the ability to display the full digital resolution and the wide screen aspect ratio.

Another benefit to a digital TV is you won’t need a separate cable or satellite receiver. Digital TVs have those tuners built in, but you may need a decoder card to receive subscription based programming. Cable and digital satellite providers plan on providing video on demand using these cards instead of a set top box.

Digital TVs are already on the market and you may have one without even knowing it! All large screen TVs, 36” and above, were required to be digital ready July 1, 2005. Intermediate sized TVs, 25” to 36” are scheduled to be digital ready by July 1, 2006 and all TVs above 13” should be digital ready by March 1, 2007. This should be in plenty of time to meet the 2009 legislation. Manufacturers are hoping the deadline will be moved up as are certain members of Congress like Senator John McCain of Arizona.

Will consumers know the difference?

The adoption of HDTV is a good measure of how consumers will respond to digital TV. Purchases of HDTVs have been strong, especially with prices dropping, but there is still a lot of confusion between the different types of TVs available and the required HDTV services. A December survey by Forrester Research showed that while 16 million Americans have purchased HDTV sets, less than half of them have registered for services that will allow them to view it.

Some HDTV programming is provided “in the clear,” but cable or satellite customers need to have a special set top box or decoder (CableCard) to view programming in HD. The biggest reason consumers gave for not obtaining the proper programming options to receive HDTV was they felt the picture quality was already improved just by the purchase of the HDTV set.

Cable and satellite providers will be providing consumer education over the coming year to educate them about the additional requirements for viewing HDTV. Hopefully, this education programming will help raise awareness for the Digital TV conversion of 2009 as well.

Digital television – the bottom line.

The 2009 digital TV conversion should benefit consumers in ways they can’t even imagine. It won’t require everybody to purchase a new television set. Manufacturers and retailers will continue to provide analog TVs as the law allows over the next 24 months and new VCRs and DVD players will be made with both analog and digital tuners. TV content providers will be able to provide better and more interactive content for viewers because of a defined digital TV standard. And other consumer electronic communication devices will be made better because of expanded frequency availability for things like cordless phones, cell phones and walkie-talkies of all varieties. Digital TV should be a very good thing indeed.




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About the Author: Max Stein, Salt Lake City, UT, USA Max Stein is a freelance writer who writes about a variety of contemporary topics. maxstein_9@hotmail.com

The Science Of Getting Rich And The Law Of Attraction Hype

Before you start to discover what lies behind the Science of Getting Rich, you should cast away any thought that fortune is restricted to some who are lucky by nature, or know who to take advantage of the right moment. The majority of those you see on TV or covers of tabloids, have achieved success and wealth because they knew hoe to manifest the Law to their benefit.

Yes, there is a law and a formula to achieve success. Even if the equation is not familiar to you, you are using it and you have done so ever since you were born. But there is no equation, after all. If you're thinking about tomorrow's job interview, and you hold the image if the phone call announcing you that the job is yours, without any shadow of doubt, then you could even start celebrating. You are using the formula without even knowing it and you are attracting in your life good or bad things.

The Law of Attraction or the Law of Vibration and its relation to how you can achieve fortune was first documented about 100 years ago, by Wallace D. Wattles. His book "The Science of Getting Rich," had as starting point the concept based on which we own money because we do things in a certain manner. Even if done on purpose or accidentally we have the power to become rich, whereas other people that try hard and work will never get rich.

For Wattles, doing thing in a certain way means starting to think in a certain way, as he knew the day he wrote that book that our thoughts and how we use our mind determines the outcome of our future and negative thoughts you send out will bring you negative events whereas good thoughts will attract the like.

Without knowing, and perhaps to all the hardships we have to struggle with, we often send out negative thoughts and images, but unless stopping to believe that you are not worthy, not deserving, you will never have anything good happening in your life, from what you have asked for. You have the power to create a scenario, in your head which will be interpreted as such by the Universe which will respond to your thoughts, by sending you what you sent first. No one will take mercy on you, if all you think about is misery and misfortune. Your mind is your only and sole ally to overcome the difficulties you are facing, be it a fight, a debt or anything.

Remember that these negative thoughts you hold, push away your chances of making fortune. However, using your power of will, and focusing and feeling what it feels like to be filled with wealth will attract wealth and prosperity. It is up to you to change any doubts you have about your life.

Famous instructors such as Bob Proctor, featuring the successful movie "The Secret," actually use the same principles first introduced 100 years ago, teaching people how the way they think influence the outcome of their being successful or not. The first question is of course, whether you want or not to achieve financial independence.

His belief is that people are suspicious when it comes to money, and achieving success, as they think wealth is reserved for those that really deserve it. Thus, the first step is changing this concept and working with people so that they can change these negative thoughts into positive ones, and take action.

Article Source: http://www.articlesindex.com


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Why Law Of Attraction Works Against You

By: Basavaraj Udapudi

Speaking your fate. Getting what you want in life comes from your feelings and thoughts. The "law of attraction" states "you get what you think about; your thoughts determine your experience. Thoughts focused on sickness bring the sickness to you. Thoughts of wealth attract wealth to you. Thoughts of poverty and degradation bring those things to you. You speak your fate. Whether you are conscious of requesting it or not, if you feel it or think it, you will get it. Wanted or unwanted, the Laws of Attraction work both ways.

The more you fight something you really don't want, the more it seems to get in your face. Your mind is telling you should fight it. It sets up the defense system for battle. The constant thoughts seem to bring more and more focus to the thing that you are trying to stay away from. Being frightened and worrying about the problems, brings even more attention to the it. Preparing and guarding yourself also seems to make the problem more visible.Overwhelming your mind attracts only thoughts that make you fail. You can't possibly concentrate on success if your mind is constantly letting problem thoughts in. Constantly being in a state of panic, fear and doubt. Such as sickness. You struggle against being sick rather than letting yourself relax and letting your body heal. Allowing yourself to get well without stress and worry in a calm way, speeds the healing process. Fighting against poverty creates more poverty, just relax and allow more positive opportunities to come into your life. Positive thoughts create positive vibrations. It makes you more open minded and more prone to succeed. This translates to less strain and stress. Discouragement, doubt, worries and defeat should be eliminated in order to be create the life you truly want.

Article Source: http://www.articlesindex.com


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Offshore Banking Secrecy Laws In Panama

By: Meredith Piaget

Panama is willing to hold off the world to uphold it's Banking Secrecy laws. That alone should comfort you that your assets are safe and secure. For more information one would have to look closer at Panama's international relationships and study Panama secrecy laws.

Panama is a member of the Mutual Legal Assisstance Treaty (MLAT). This treaty allows for international cooperation to bring cring criminals to justice. There are several conditions that must be met in order for Panama to comply to this treaty and bend their own Secrecy Laws. There must already be a case filed in the requesting country's national court. The crime under investigation must be a crime in both countries. The requesting country must be specific on what information they wish to obtain. They must show that the information is absolutely required to prosecute the case. Only extremely serious crimes would be considered such as drug smuggling, terrorism and money laundering. All of these are subjective and Panama could decide to conduct it's own investigation first before giving up any information to foreign countries. This could delay the proceeding substantially.

Panama doesn't like to go against its secrecy laws and it is only under suspicion of serious criminal activity where it will consider it. Court orders are only used in serious crimes include terrorism, child pornography, money laundering and drug smuggling.

Article 65 of Cabinet Decree 238 says that the National Banking Commission may only inspect the general bank books and not single out individual bank accounts. This can only be broken by a court order.

Court orders are only used in serious crimes include terrorism, child pornography, money laundering and drug smuggling. Panama doesn't like to go against its secrecy laws and it is only under suspicion of serious criminal activity where it will consider it.

Panama is a member of the Mutual Legal Assisstance Treaty (MLAT). This treaty allows for international cooperation to bring cring criminals to justice. Only extremely serious crimes would be considered such as drug smuggling, terrorism and money laundering. There are several conditions that must be met in order for Panama to comply to this treaty and bend their own Secrecy Laws. The crime under investigation must be a crime in both countries. There must already be a case filed in the requesting country's national court. The requesting country must be specific on what information they wish to obtain. They must show that the information is absolutely required to prosecute the case. All of these are subjective and Panama could decide to conduct it's own investigation first before giving up any information to foreign countries. This could delay the proceeding substantially.

So, Panama is willing to hold off the world to up hold it's Banking Secrecy laws. What could be safer than that?

Article Source: http://www.articlesindex.com


For more information about panama's banking secrecy laws or offshore asset protection please visit OffshoreLegal.org