Marriage contracts are critical

Posted by Ravi Gulati | Posted in Financial Planning, News of Interest | Posted on 20-09-2013

0

Getting married is start of something wonderful, but you may want to create a marriage contract. That’s because in many places, there’s a default regime for property division between spouses if the marriage ends through death or divorce, and neither of you may like the results.

Marriage contracts are critical | AdvisorToClient.ca.

How Brazil’s richest man lost 97% of his fortune in less than two years

Posted by Ravi Gulati | Posted in News of Interest, Uncategorized | Posted on 11-09-2013

0

In 2010, Eike Batista announced that he would soon become the world’s richest man, and it didn’t seem particularly hyberbolic. Brazil’s economy was thriving, and investors around the world were lining up to invest in his commodities empire, which consisted of six highly successful public Brazilian companies, including OGX, the country’s second largest oil company, and MMX, one of its largest miners. By 2012, his wealth stood at some $30 billion, making him the seventh-richest man in the world.

+

And then the last 18 months happened.

+

Amidst Brazil’s economic slowdown, Batista’s net worth hasn’t merely tumbled—it’s evaporated. Batista isn’t vying for the richest man any longer, or for a place among the world’s top 100, or even among its billionaires. According to estimates by Forbes, his worth has now dropped to an estimated $900 million, a 97% drop.

How Brazil’s richest man lost 97% of his fortune in less than two years – Quartz.

CSA: Skipping Your Break Is Worse Than DUI

Posted by Ravi Gulati | Posted in News of Interest | Posted on 16-08-2013

0

A change was made to the CSA scoring system recently when a new violation was added to CSA profiles this past week. A carrier will now receive seven points on their BASIC score if drivers fail to take their federally mandated 30-minute break. A DUI/DWI will earn a carrier five points.

Another change that was made is to add a new violation that would add three points to a carrier’s BASIC score if a driver has alcohol in the cab with him. This change came at the request of law enforcement officers who previously had to add a five point alcohol use violation any time that a driver had an open container in their vehicle.

This of course means that the CSA thinks that a driver who misses their 30 minute break is more than twice the safety risk as a driver who has an open bottle of whisky sitting next to them.

CSA: Skipping Your Break Is Worse Than DUI. – Truckers Report http://tinyurl.com/l59tkc8

New HOS Rules Go Into Effect And It’s A Bumpy Ride

Posted by Ravi Gulati | Posted in News of Interest | Posted on 05-07-2013

0

July 1st marked the start of the new HOS rules and already the smooth transition predicted by the FMCSA has had a bit of a shaky start. While it’s too early to have any concrete figures released, individual drivers are having issues pop up everywhere.

New HOS Rules Go Into Effect And It’s A Bumpy Ride. – Truckers Report

http://tinyurl.com/k8hp7zh