Deepwater Horizon (tx) was an ultra-deepwater oil rig built in 2001. In September 2009, it drilled the deepest oil well in history.
The rig, which was floated next to the drilling location, could accommodate up to 130 crew members. The rig was in the Gulf of Mexico in the final phases of drilling a well on April 20 2010, when an explosion occurred on the rig and it caught fire. Deepwater Horizon sank on April 22, 2010 as a result of the explosion.
Seven workers were airlifted and were then taken to hospital. Support ships sprayed the rig with water in an unsuccessful attempt to put out the flames. Deepwater Horizon sank in water approximately 1500 m deep.
And now crude oil is spewing from the site, which is said to be leaving a "rainbow sheen" of pollution covering a 1 000 square-kilometer area. It is estimated that the rate of oil leaking is approximately 1 000 barrels a day!
Apparently Apple’s fourth-generation iPhone may have accidentally found it's way into the hands of the tech press.
Gadget bloggers Gizmodo claim they not only have exclusive pictures of a real iPhone 4G, but that they have the actual device itself. And to verify it, they’ve created a video with detailed examination and explanation to prove that this iPhone is indeed the real 4G.
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Some Golden Rules for Trading Success written by Farazila Abu
Sticking to your stock trading rules will definitely be rewarding in the long run, it is a discipline that can help you reap huge profits. So read these rules before you enter the stock market and read the rules even when you leave with lots of money in your pocket
Rule 1: Don't break the rules. It is natural if you to want to break or change your own rules and it takes a lot of discipline to follow your own set of rules.
Rule 2: Don't risk more than 3% of your total portfolio on any one stock trade. There are many old traders and there are also many bold traders but there are never any old bold traders. Protect your initial capital is important if you want to trade stocks successfully.
Rule 3: If you are wrong, cut your losses at 5% to 15% The most important rule here is to set stop loss points and minimize your losses if your predictions went wrong. Stick to your stop loss point and keep in touch about the performance of you stock
Rule 4: Always set price targets. Don't be too greedy and try to get the most out of rising stock price. When you have reached your target profit margin for that day, pack your backs and leave. A stock price can rise too high too quickly and also can drop too drastically.
Rule 5: Master one style. Keep learning and practicing at the one method of stock trading style that will relate to you the most. Never jump from one trading style to another. Master one style rather than become average at implementing several styles.
Rule 6: Let price and volume be speak for itself All the important information about that particular stock is reflected in the volume and price. Many people will give you lots of opinions about the stock that you are planning to trade or currently trading, stick to your instincts and the skills that you have learned and don't listen to them
Rule 7: Take that valid signal If you see a valid signal of a stock, take it!
Rule 8: Do not use the intra-day data to trade. During any trading day, you will be able to see a stock price variation. If you rely to much on this data, you will end up making all the wrong decisions.
Rule 9: Relax Successful stock traders are fit and you also have to be strong emotionally. Taking time off the computer and relax will help you reduce the stress of trading. An unsuccessful trader is a stressful trader.
Rule 10: Be an exceptional trader. Don't try to do anything exceptional if you want to be successful in the stock market, instead, be an exceptional trader. Exceptional stock traders are consistent and disciplined. After you are done with the stock market for the day, ask yourself "Did I follow the rules?" If your answer is yes then you are on the path to stock trading success for a long long time to come.
Everyone is always talking about the Inflation rate, and making a big fuss about it. But there are many who just nod along not fully understanding why there is such a big concern. So what exactly is inflation?
Inflation is basically the rate at which the prices of a country’s goods and services change each year. So if the inflation rate is 7%, that means that the price of certain goods has increased by 7% from one year to the next.
A few common abbreviations which normally go along with an ‘inflation discussion’ are: CPI (Consumer Price Index): This index shows the changes in prices of goods and services.
PPI (Production Price Index): this measures changes in production prices of locally produced and imported commodities. So if the price of goods is rising by 7% each year, then salaries would have to rise by the same percentage so people can continue their current standard of life.
But if companies raise the salaries they pay their staff, then they would be forced to raise the prices of their products to still make a profit. This all causes inflationary pressure, and could lead to an inflationary spiral which is something that all governments are fearful of, and do their best keep in check.
