Tuesday, April 12, 2011

The Impact of the Japanese Earthquake and Tsunami on the Economy

The recent Earthquake and Tsunami in Japan has obviously had a major impact on the Japanese people. Among the things that may be negatively affected is the Japanese Economy. There are many different ways that this could be impacted.

Repairs

The cost of repairs causes by the earthquake and tsunami will come into the billions. Whole town’s have been washed away and need to be completed rebuilt and this will take a lot of time and money. The cost is estimated to come to somewhere between $100 billion and $300 billion.

Closed Down Industries

Whole industries have had to be temporarily closed down and this will have a negative impact on the economy. If businesses aren’t operating they won’t be making money. This has affected businesses of all types; businesses as small as independent shops that have been damage, and business as large as multi-billion dollar operations.

The Nuclear Power Plant

The safety of the Fukushima nuclear power plant has been in the news more than any other story surrounding the earthquake and tsunami. Firstly, in terms of finance, it has been costly to try to limit the damage. Then there is the lost revenue from it not being operational, and there will be the cost of repair. There will also be the costs of dealing with related damage, such as contaminated water.

Transport

Important ports and airports have had to be closed due the earthquake and tsunami and some will need repair. This has had a wide impact on the short-term economy. It has meant the supply in and out of these destinations has slowed, or in some cases ceased altogether. Some will be closed for some time. This has the knock on affect of slowing down certain industries. This has been a particular problem because Japan’s economy is reliant on exports.

National Debt

All of the costs associated to the damage from the earthquake and tsunami will have an impact on Japan’s national debt. As any country in a similar situation would, Japan will have to borrow money to pay for the rebuilding required. And higher borrowing means higher interest payments.

This may all seem like bad news for the Japanese economy, but it may not be as bad as some fear. Japan’s economy has proven to be very resilient against such problems in the past, with the 1995 Kobe earthquake a good example. Although industrial production dropped in the month of the Kobe earthquake, it quickly increased again the following month.

The Stock Market

The reaction of the Japanese stock market was initially negative. One of the problems in these types of situations is panicked investors selling their stocks immediately, even though it can be rash and unnecessary. There have been examples of this in Japan since the disaster, which then have other knock on affects. This hasn’t been as drastic as it can be though, with some realising the history of Japan’s recovery from disasters in the past.

Japan is generally quick to recover from natural disaster in many ways. They are proactive in attempting to get things back to normal as quickly as possible, with no better example than the speed at which Tokyo’s seemingly demolished airport was up and running again.

Andrew Marshall (c)

Wednesday, April 6, 2011

Where did the word Bespoke come from and what does it mean?

We hear the word bespoke everywhere these days. Businesses of all types use it to advertise their products or services, from bespoke kitchens to bespoke websites. It is taken to mean custom built, and anything built to a customer’s specific requirements has been described as bespoke.

But where did the word ‘bespoke’ first come from?

Bespoke’s origin comes from the world of tailoring. It was first used to mean an item of clothing that had been “spoken for”, or to “be spoke(n)” for. It was used for items made to a customer’s requirements, but it was used specifically for tailoring and not in other industries. It was used to separate custom made clothing and mass produced clothing, or “off the rack” clothing, as it was also called.

Bespoke was only used to mean completely original items and would usually fit the following criteria:

• Size was specific to a customer’s measurements. This was rather than a choice of sizes as with mass produced clothing, where customers choose the best fit. I t wasn’t a best fit, but an exact fit.
• Clothing patterns would be designed from scratch. This wouldn’t mean a customer choosing from a variety of patterns, but rather discussing the specific pattern required with the tailor.
• Even the stitching may have been unique to the customer and certainly wouldn’t be factory made.
• And possible most importantly, everything would be handmade and hand stitched.

Where should Bespoke be used and where shouldn’t it?

There have been many debates in certain circles about when the word bespoke should be used. Some have argued that it should strictly remain a tailoring term, as “this is its true meaning”. But then others would argue that language develops over time, and the meaning of bespoke has widened. Therefore the lines have become blurred over what bespoke really means. A group of traditional tailors based in London’s Savile Row, the Savile Row Bespoke Association, has campaigned for the term to only be allowed to be used for what they see as the bespoke traditions of tailoring. Their wishes, though, have been denied.

If bespoke means custom, what exactly is custom?

Is custom built anything where a customer chooses certain aspects of a product? Or do they need choice over every single aspect and can essentially have anything they want? This has been another area of debate.

Some businesses have been accused of using the words “bespoke” and “custom built” as a marketing tool without actually producing a product worthy of these descriptions. For example, car manufacturers usually give their customers a series of choices (sometimes many choices) of how they would like their car built. But customers can’t literally have anything they want, unless they are willing to pay a lot of money. So does this make it bespoke?

The real meaning of bespoke is not easy to define. Some claim everything must be unique while others are not so specific about what they think bespoke should mean. It began in the world of tailoring but the term has now been used by businesses of all types.

Andrew Marshall (c)

Friday, March 25, 2011

The Popularity of Managed Hosting is Rising – Why is this?

The popularity of Managed Hosting is increasing, but what is the reason for this?

The internet is becoming more and more important to businesses with many customers finding products and services by searching online. Many use ecommerce sites to buy products online instead of making a visit to the shops, while others will use the internet to find a business before paying them a physical visit. Because people look online for businesses of all types it means that having a website is crucial; without one businesses are missing out on attracting customers. And it’s not just businesses that need a website, but all types of organisations, from schools to sports organisations and from government bodies to charities.

The more businesses that have websites, the more web hosting is in demand. If you have a website you need web hosting for it to be viewed by the public. So if most businesses have a website, most businesses need web hosting, and managed hosting is one of the more popular forms of hosting for businesses. As business owners are not generally tech experts they often prefer to have their hosting managed for them.

Managed hosting is one of the best quality forms of web hosting. With managed hosting all aspect of hosting are managed by the hosting company. This leaves the business themselves with nothing hosting related to worry about. According to the International Data Corporation (IDC) managed hosting is growing in popularity compared with other forms of hosting. So, why is this?

As the internet has grown, not only are more businesses exploiting the opportunities of having a website, but they are taking it more seriously as it plays a more important role in the marketing of their business. This means spending more money on it, with some of this going towards the benefits of managed hosting. The right hosting is an important aspect of having a successful website. People are starting to realise this and are therefore, where necessary, putting more of their budget towards it.

Having inadequate hosting can cause a number of problems. For one, it may not be able to cope with a high number of visitors. A large number of visitors could mean the site going down and nobody being able to view it. This can mean lost revenue and people turning to the competition instead. Not choosing the right hosting can also result in not being able to have the website you want.

There are many advantages of having your web hosting managed for you. You are utilising the expertise of the hosting company’s professionals and they should be able to solve any problems that occur. As well as positives of managed hosting, there are also problems of trying to manage it yourself, especially of you don’t have the relevant knowledge. This can result in the website being down and a loss of income.

As the internet has grown and more businesses have utilised it they have started to think more about hosting and the benefits of advanced hosting, with managed hosting being a prime example of this.

Andrew Marshall (c)

Monday, March 21, 2011

Sales of Medicine: When Must a Pharmacist Supervise?

In the UK most medicine’s can only be sold from a pharmacy under the supervision of a pharmacist. Some, though, can be sold from other outlets such as food shops, petrol stations and from pharmacists over the counter without the specific supervision of a pharmacist. From these other outlets sales are still regulated and, amongst other things, must be pre-packed so consumers can be confident that they haven’t been tampered with. The outlets must also be licensed to sell medicine, otherwise they are breaking the law.

When Can Medicine Be Sold Without the Supervision of a Pharmacist?

Only certain medicines can be sold without the supervision of a pharmacist. They must be low strength and certainly nothing that is like to cause serious harm to the consumer. Quantities are also regulated. There are rules as to how much can be in a pack and, in some cases, how many packs can be sold to each person. Pharmacies are allowed to sell larger quantities than other outlets.

Why are Certain Medicines only Allowed to be Sold Under the Supervision of a Pharmacist?

Pharmacists are experts in the field, much like doctors, and medicine can be dangerous. Therefore there are times when it is deemed necessary for pharmacists to supervise the medicines that are being sold to patients and the quantities being sold. So for high quantities of medicine or those that are potentially dangerous it is important things are checked. The sale of any medicines that can cause serious side effects must also be supervised by a pharmacist. This is to make sure unsafe quantities are not consumed, that they are consumed in a safe manner, and that they are not sold to someone who is particularly likely to suffer from these possible side effects. When necessary, pharmacists must also talk patients though things, such as when medicine needs to be taken, how often it should be taken, and the quantities that should be taken. This process will include having to ask patients certain questions about the medicines where necessary, for example if a patient is pregnant if the particular medicine could cause problems where this is the case. There may be strict regulations as to the use of some medicines and it is a pharmacists’ job to make sure these are adhered by.

What About Prescriptions?

Possibly the most important reason why the sale of medicines have to be supervised by a pharmacist is that it is prescribed by a doctor. For many medicines a prescription is necessary to prevent them being sold to anyone who wishes to purchase them, as is the case if sold over the counter. This is for safety reasons to make sure they are not being consumed by someone without the relevant illness or condition.

Whether or not the supervision of a pharmacist is required depends on the medicine in question. The strength of the medicine, its side effects, and the quantities being sold are all contributing factors. This is all part of the regulations to make sure medicines are consumed safely.

Andrew Marshall (c)

Friday, March 11, 2011

Shared Hosting vs. Dedicated Hosting

There are numerous types of web hosting available, something that is growing all the time. But these can be broken down into two main categories, shared hosting and dedicated hosting. This article looks at some of the benefits of both of these.

Shared Hosting

There is one obvious benefit that shared hosting has over dedicated hosting – it is cheaper, and significantly so. Large cost savings can be made and a website can be hosted very cheaply. The reason for the price difference is that it is not only one person or business paying for the server, but the hosting companies other customers (who are sharing the server) are sharing the cost.

There are different shared packages available, and the prices vary. So how much you pay depends on which features are needed for the site and how this affects the hosting.

The cost, or rather the lack of cost, is the only real benefit of shared hosting, but that doesn’t mean it isn’t a good option. If it meets the websites requirements then there is nothing wrong with it and there is no point in spending extra money if more expensive hosting is not necessary.

Dedicated Hosting

Dedicated hosting is generally much more advanced than shared hosting. It does vary greatly, though, depending on the service that is required. It is obviously more expensive but if a website requires dedicated hosting then it is certainly worth the extra cost.

Having a dedicated server is much more secure than sharing it with other websites. So if security is a concern then dedicated hosting is the way to go. Having its own server means security is much easier to maintain. This makes dedicated hosting necessary for sites with confidential information or sites that payment transactions go through, for example ecommerce sites.

There is significantly more bandwidth and disk space with dedicated hosting, although how much depends on the package chosen. This means that a website can be larger with more pages. It can also cope with large files such as video, and audio and with more visitors. So for large sites or those that are likely to have a high amount of traffic, dedicated hosting is required.

There are many more options with dedicated hosting. Customers can go for managed hosting, meaning the hosting is managed by the hosting company, or unmanaged hosting, where they manage it themselves. There is also the option of running your own server, meaning a choice has to be made between colocation and hosting your own server. With colocation, the hosting client owns their server but hosts it at a data centre, by renting rackspace where the server is stored. The alternative is to host it at their own premises.

So although there are different options with shared hosting, the options are much wider if choosing dedicated hosting. It all comes down to whether or not dedicated hosting is necessary or whether shared hosting is adequate. For most businesses dedicated hosting will be required but there are exceptions.

Andrew Marshall (c)

Thursday, March 10, 2011

How Can Small Businesses Benefit From VoIP?

VoIP used to be unreliable and not suitable for business. The quality is now much improved though, and therefore businesses are able to consider using VoIP as an alternative to traditional telephony. Small businesses can particularly benefit from the services available. So, what exactly are these benefits?

Lower Costs

The main, and best known benefit, is the cost savings that can be made. With many VoIP providers a flat monthly fee is paid. For each VoIP phone a business wishes to have they will pay this flat rate. This means that businesses can make as many calls as they wish at no extra cost. They are not paying more if they make a large number of calls, but rather paying a fee to be able to use the phone as much as they need to. Businesses that make a large number of calls therefore stand to make larger savings, as without VoIP their telephone bills would be the highest. Businesses with international customers, suppliers or partners can also greatly benefit, as these are the most expensive calls with regular telephones. With VoIP, which destination you are calling usually makes no different to the price you pay. A monthly flat rate plan also has the benefit of making it easier to budget for calls, as the bill is the same every month.

The reason why VoIP providers are able to offer a cheaper service is that running the technology is significantly cheaper. Data sent across a broadband connection (as is the case with VoIP) makes it cheaper than regular telephone calls. In fact, much of the technology used for VoIP is already existing, meaning start up costs are not as high.

You Can Have Specific Numbers / Extensions

With the majority of quality VoIP packages each phone can have a specific extension number so, where possible, callers can reach the right person immediately instead of having to be passed on by someone else. This is the sort of thing that will be set up with most specific business VoIP packages.

Internal Calls

Internal systems are set up so internal calls between employees can be made more easily. As well as within one building, this is also possible between two or more offices. This is useful if a business has two offices in different parts of the country, for example.

Voicemail

With most business VoIP packages it is possible to have voicemail set up. Although this is also the case with regular telephone systems, it shows the improvement of VoIP, as this has not always been the case. It is one of the past weaknesses of VoIP that is no longer relevant.

Portability

One of the major advantages of VoIP over traditional telephony is that users can make and receive calls from other devices using the same number. When on the move, for example, it is easy to divert calls to another VoIP enabled device. You don’t need a separate phone number. This makes things much easier for employees who are often working away from the office.

There are many benefits for business that utilise VoIP. The technology and services have improved significantly over recent years. It is now a genuine alternative to regular telephones for businesses of all types.

Andrew Marshall (c)

Wednesday, March 9, 2011

Choosing the Right Divorce Solicitor

Divorce is always a stressful time. A divorce solicitor is usually required even for simple divorces and choosing the right one is an important decision. It can cost you both financially and emotionally if you don’t have the right solicitor.

Who is the right solicitor depends on a number of things including your budget and the type of divorce you are going through, as well as your personal circumstances.

Budget

Although you shouldn’t just go with the cheapest solicitors, everyone has a budget. You will obviously need to work out what yours is and find a solicitor who you can afford. There is no point in paying for something that you don’t need so if your divorce is fairly uncomplicated then you don’t need to be paying for a top divorce solicitor. Similarly if you have a complex divorce, with children and property involved for example, and then choosing the cheapest solicitor you can find is likely to be a mistake.

Experience

It is always wise to use experienced family law solicitors, but not just experienced in family law issues is general, but in similar types of cases to yours. If you are applying for custody of your children, for example, using a solicitor who hasn’t dealt with divorces involving children is not advisable, no matter how experienced he or she is with other types of divorces.
Type of Divorce

There are different types of divorce, for example:


  • Where you and your former spouse agree on all aspects of the divorce

  • Where you and your former spouse agree on all aspects of the divorce

  • Where there are many valuable assets, such as expensive property

  • Where marriages have involved abuse



A large part of choosing the right solicitor comes down to the type of divorce you are going through. As already mentioned, you need someone with the relevant experience. Solicitors have their own specialities, even within the family law sector, so making sure you use someone in the best possible position to help you is crucial.
Personal Preference

Some may not think of this as an important aspect, but your personal feelings towards a solicitor needs to be at least considered. You need to choose someone you can actually work with. It is only a business relationship, so you don’t have to be best friends, but you need to be able to work constructively with each other.
Picking the Right Solicitor

You don’t just want to use the first solicitor who you find. Take a little time to do some research and interview a few different lawyers. You then need to choose one based on a balance between someone with the necessary experience with your type of case, someone who you feel you can trust, and someone you think you will be able to have a good working relationship with. There are many variables that determine the solicitor that is best for you, and it is important to get a balance between these so he or she can assist you throughout your divorce proceedings in the best possible way.

Andrew Marshall (c)