Monthly Archive for May, 2010

End of Golden Age Japanese Economy

Japan Airlines, or JAL, the largest airline by revenue in Asia, unable to withstand the financial burden. Unorganized management for many years, operational costs continue to rise, and pension costs are strangling the neck is not matched by an increasingly eroded revenue. Tough competition and the drop in passengers suffering JAL adds.

JAL eventually declared bankruptcy and asked for legal protection in order not required creditors to auction off assets cheaply with the risk of not having the opportunity to restructure. Continue reading ‘End of Golden Age Japanese Economy’

Plan the Future of Financial Condition

It has become a common phenomenon that many of our colleagues, or the people around us who often complain that their financial condition messy.

Total debts were mounting and exceed their income, even exceeding the amount of assets owned. In this condition, which usually becomes the scapegoat is the small amount of income they have.

Though the roots are real issues rather than on the income side, but failure to manage finances. Many of us who have no financial planning, never even thought to plan for the financial condition, let alone in the future. Continue reading ‘Plan the Future of Financial Condition’