Internet has really changed the norms of different activities including sports. some years back people have to go physically for watching any type of sports. Most of them were interested to bet over their favorite teams of cricket, baseball, american foot ball, soccer, etc. However, now this all can be done through internet at home. Any one who believes his favorite team that they will win the contest can bet over internet within seconds and make money in convenient way. There are number of concerns in the market which are providing online sports betting services, however, only few are good enough to which any one can rely.
After the advent of internet online sports betting is very popular and easy as it is the activity of predicting sports results and placing a wager on the outcome. Over the last decade, more sports bettors have turned to online sports books to place wagers. The growth of the Internet during this time has enabled the online sports betting industry to flourish. None of these books are allowed to be based in the United States. Many are run out of other countries like Costa Rica.
However, there are certain rules need to be followed for online sports betting. The main ruling issue in sports betting involves the length of a particular game. In the NFL and NBA, it is very rare for any game to not be completed. Still, there can be some unusual circumstances in a game that might ultimately result in a shortened contest. At most sports books, a football game that lasts at least 55 minutes is considered an official contest. Visit the neatly laid out site and see what they are offering and how you can bet on baseball.
posted @ 2:09 PM,
Pakistan's foreign exchange reserves fell to $17.90 billion in the week ending Aug. 27, from $17.96 billion in the previous week. Reserves held by the State Bank of Pakistan (SBP) fell to $14.45 billion from $14.50 billion in the earlier week, while those held by commercial banks eased to $3.45 billion from $3.46 billion, according to the State Bank of Pakistan. Foreign exchange reserves hit a record $18.31 billion in the week ending July 30 but have eased since then due to scheduled debt repayments.
The reserves were boosted in June by inflows of $411 million, including a loan of $191.9 million from the World Bank, and another loan of $196.8 million from the Asian Development Bank. Higher export proceeds and a record inflow of remittances have helped Pakistan's forex reserves grow steadily. According to official data, remittances rose 38.57 percent to $1.1 billion in the first month of 2011/12 fiscal year (July-June), compared with $791.18 million in the same period last year.
Labels: Money Market, Pakistan Economy, SBP
posted @ 3:38 PM,
The web hosting
industry is extremely important for the continuity and functionality of the internet, as every website online requires access to a web server at all times. Without a web hosting plan, your website would cease to exist, and without the right type of web hosting, it will not perform optimally. Thus, it is very important to make sure you are choosing the right kind of hosting for your online endeavors.
Virtual private server (VPS) hosting is akin to an advanced form of shared web hosting, as you are sharing a web server with other people. However, with VPS, you have access to more server resources because the entire server is split evenly at all times. In other words, when your site runs out of bandwidth, it can immediately draw bandwidth from another part of the server as long as it is available. The hosting concept is often referred to as the cloud concept, and when it is used in several servers at once, it is called cloud VPS hosting.
Most corporations or greatly successful online business owners use dedicated web hosting
because it is extremely powerful. With dedicated hosting, you are basically renting your own web server that is stored and maintained at a professional data center. As the owner of a dedicated server plan, you have complete control over the server because you can install any type of software you’d like, including various control panels and content management system. Most dedicated hosting plans cost around $100-$400 per month, depending upon the server type.
posted @ 2:36 PM,
Federal regulators launched a broad legal assault on big banks Friday, claiming they sold nearly $200 billion in fraudulent mortgage investments to housing giants Fannie Mae and Freddie Mac that led to massive losses during the financial crisis.
The suits, brought by the Federal Housing Finance Agency, name 17 domestic and foreign banks as defendants. Among them: Bank of America, J.P. Morgan Chase, Goldman Sachs, Morgan Stanley, Citigroup and Deutsche Bank.
According to the court filings, those firms and others “falsely represented” the quality of the loans that were bundled into securities and sold to investors and “significantly overstated the ability of the borrower to repay their mortgage loans.” The result, the suits claim, were investments that were far riskier than the banks led taxypayer-backed Fannie and Freddie to believe, and the securities ultimately were worth a fraction of their original value.
Friday’s filings in New York and Connecticut represent an escalation in the government’s effort to recoup taxpayer losses incurred during the financial crisis. But the lawsuits also raised questions about the toll they might have on the health of the already struggling banking sector and the prospects for a housing market recovery.
The federal action also underscored the often contradictory relationship between the government and financial firms in the wake of the crisis. At times, government officials have come to the rescue of banks and counted on them to help accelerate the nation’s lagging economic recovery. But often, officials have derided the practices that fueled the financial meltdown and sought to keep banks in check, either through new regulations or negotiated settlements or, as on Friday, potentially costly litigation.
Some financial analysts said the lawsuits come at a particularly bad time because bank lending is already sluggish. They warned that the lawsuits could sap capital from banks, leaving them with even less money to lend, and further weaken the economy. Others argued that Fannie and Freddie were sophisticated investors who helped shape the very securities they purchased.
One former top executive at a financial institution that bought and sold mortgage securities, and who spoke on the condition of anonymity, criticized the suits, saying that “the whole thing has gotten ridiculous and out of hand. The banks are big boys. Fannie Mae and Freddie Mac are big boys. The people who invested in private securities are big boys.”
Added another bank official: “These are folks that were involved in creating these securities. The idea that Fannie and Freddie were victims in this, it defies credibility.”
But James Millstein, a former Treasury official who oversaw the reorganization of bailed-out insurance giant American International Group, said “the anti-fraud provisions of the securities laws don’t have a big boy exemption. There isn’t one rule for little investors and another rule for big investors.”
He added that the government had an obligation to pursue its claims. “I don’t think it’s going to do anybody any good if the price of getting banks to do what they’re supposed to do is giving them a pass on violating the securities laws,” he said, “particularly when it involves an entity currently being subsidized by the taxpayers.”
Source: Washington Post
posted @ 2:32 PM,
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posted @ 2:07 PM,