February 14 / / music

Ok so now let’s imagine that you already know all about guitars and how to play the different chords, including a few songs. If this sounds like you, then you could still have plenty to learn. Even the most experienced guitar players are continuously improving their knowledge base. There’s no such thing as the perfect guitarist, but there is as close to perfect as possible!

Learning To Play Guitar Chords

If you’re an advanced guitar player, then we’d spend your lessons varying your range as much as possible, learning new tips and techniques to help with your style of play and developing your skills. There are all sorts of songs that challenge an experienced guitar teacher and even finger positions that are just as tricky, so it’s important to gain an understanding of all of these different aspects to make sure that you can tackle even the hardest tracks, whether you’re on stage or at home.

For those of you that are unsure of your current experience levels, it might be a good idea to try a lesson so that we can better understand your skills. As soon as we know what you’re capable of, we can create a plan so that you progress properly in a way that suits you.

Read the PostThe Different Medical Indemnity Schemes in Australia

January 25 / / Uncategorized

On Tuesday January 20th, the US Dollar surged again against all currencies when the International Monetary Fund (IMF) cuts its global growth forecast for 2015. There are now 12 year highs with the USD Index up 0.27% to 93.10. The Dollar even knocked the safe-haven YEN off its perch as the last two days have shown the YEN lose all of last weeks gains.

The poor old Euro maintained its downward weakness as it awaits to see if the ECB embarks on an outright Quantitative Easing (QE) program with the upcoming meeting for decisions to be made on this Thursday. It will be so interesting to watch Market price action when Mario Draghi starts to open his mouth to see what affect he has on the EURO.

The Canadian Dollar is also continuing with its plummeting values as Manufacturing Sales dropped 1.4% as it went on to hit the USD/CAD 1.2110 mark. What will the Bank of Canada do when it makes a Policy statement later on in the US session? The Loonie was also down against even the lowly Euro.

Of course the Big News that is still being felt with the Markets trying to sort out the pieces after the Currency “nuclear explosion” brought on by the Swiss National Bank (SNB) changing its Policy on keeping the EUR/CHF peg of 1.2000 which has caused immense damage and losses to many Brokers and Investors. FXCM, the US largest foreign-exchange broker, took a 250 million dollar hit and will now go after retailers for any losses still on their books. Help has come in for FXCM with a deal with Leucadia National Corp forging a deal to keep them afloat. Lots of other brokers have declared insolvency and will close up. Handling “Leverage” (200-1) is being blamed for the carnage as this move happened so fast, that to close out a losing trade was not possible. The full force of all of this will not be known for months as Banks and Hedge Funds all over the world will be financially hurt with losses to be showing up in their future earning reports.

This brings us to the Stock Markets, where earnings announcements are what the markets are all about in relationship to Investment and stock price. Tuesday showed the US Markets, the DOW and S&P 500 having some impressive late trading recovery to end the day slightly in positive territory. The Markets were choppy through the trading day.

OIL’s recovery from last week was short lived as Monday and Tuesday OIL trading activity has only been on the sell side as last Thursday high of 51.00 seems a mirage, as price has settled at the end of the day at 46.53.

Gold and Silver were winners.(Gold 9.00+) We have often mentioned a solid base Gold had built in the month of December. Since January 02, Gold has done nothing but go up with its best run in four years and its highest level in 5 months.

There is lots happening for Wednesday in the News announcements. New Zealand has already posted its CPI results which were negative and has weakened the overall strong Kiwi in early trading for this Asian session. Bank of Japan will be making a Monetary statement and later the Bank of England will be doing the same – so look out Markets as these releases can move price quickly. During the US session the CAD will be releasing Wholesale Sales along the US important Building permits. To top off the day, the Bank of Canada will have its turn at giving their statement on Interest Rate changes.

Read the PostUS Dollar Regains Bull Momentum

January 25 / / Uncategorized

That is the only question on the minds of large Institutions, Banks, Hedge Funds, Traders, and Investors as the sun slowly rises on Eastern Australia setting up a new trading day, this Thursday 22 January. The European Central Bank, headed by Mario Draghi is tipped to start his form of QE or credit easing (bond buying), historic measures for Europe but apparently under German terms of compliance. There are lots of messy details here, too many to dissect on this forum, but the bottom line is the Euro will be affected, Stock Markets will show some volatility as money will be injected into the banking system to instigate some liquidity for business growth.

All Stock Markets around the world were up today in anticipation of the ECB move. It will be the amount of Drgaghi’s proposal that will excite or disappoint the Market players.

The Euro was also up against the Greenback, NZD – Kiwi, the Aussie and especially the Canadian “Loonie” Dollar. The pesky Swiss Franc won the battle against the Euro from Wednesday’s trading, still trying to handle the fallout from the SNB decision of letting go the peg of 1.2000. Tourists visiting this spectacular scenic country have just doubled their costs but on the bright side for Swiss citizens, imports, especially food and vegetable will become cheaper.

The most surprising move yesterday came from the beleaguered Canadian Central Bank as they lowered their interest rate 0.25 basis points to 0.75% in the wake of the massive drop in OIL prices during the last 6 months which has been negative for their economic growth. The poor old Canadian Dollar which has taken a beating of late, took a knock-out punch that floored the Loonie against the USD. The pair, USD/CAD opened the day at 1.2111 and closed at 1.2324. No analyst had predicted this move. Tens of thousands of Canadians visit the warmer climes of United States for the winter to escape the frigid ice and snow of their homeland, (the Yanks call them Snowbirds) Guess what, their stay has just got a lot more expensive.

Gold closed the day just a couple of dollars down, but did have a quick rejection around the $1300.00 mark. Silver and OIL were up marginally by days end.

The only important red-tag news today comes from the US session as all eyes around the Investment world will be on Mario Draghi and the ECB as all wait in baited anticipation of their Bond buying program. US Unemployment claims will also be announced at this time to add some more confusion to the process.

Read the PostWhat Will The ECB Do Today?

December 16 / / Uncategorized

Full Story

A short summary of a long story
Dr Kay Peng Khoo is a prominent Malaysian businessman. He and his wife Pauline Chai were married in 1970. He is now 75 and she is 67. They have five adult children. They lived in Malaysia until 1980, when Mrs Chai and the children moved first to Australia, and then to Canada from 1989 until the late 2000s. Although they were de facto living apart during most of this time, and in spite of serious problems in the marriage, they both regarded the marriage as continuing. They both have a Malaysian domicile of origin. Dr Khoo has never lived anywhere but Malaysia.

Since October 2012 Ms Chai has been living in England. She filed her first divorce petition in England February 2013. Dr Khoo followed suit in Malaysia two weeks later, though under Malaysian law he was required to apply for permission to file a petition without a prior conciliation appointment. Each of them clearly believes that their preferred jurisdiction will be more advantageous financially.

In May 2013 Ms Chai filed an application in Malaysia for a stay of Dr Khoo’s proceedings on the basis that England was the forum conveniens. In a judgment in December 2013 (following a hearing without oral evidence) a Malaysian High Court Judge made the following orders:-

• She dismissed the wife’s stay application, holding that Malaysia was ‘overwhelmingly’ the forum conveniens.

• She granted the husband permission to file his petition.

• She held that the Malaysian court had jurisdiction on the basis of joint domicile.

Read the PostUndermining the purpose of “forum conveniens?”

December 16 / / Uncategorized

Insuring yourself against loss or damage can be incredibly important, especially if you work in a professional sector like the medical industry. With the potential for claims and compensation being sought after more and more, it’s never been more important for doctors to find reliable medical indemnity insurance to cover them should the worst happen during treatment or surgery.

With so many different policies available, it can often be quite daunting for a medical professional to understand the inner workings of the industry. This is why the Department of Health in Australia has categorized the differing levels of cover and indemnity to better benefit doctors, nurses and other medical professionals when it comes to cases brought against them by patients or establishments.

The Department of Health currently governs five authorized insurance bodies within Australia, all of which provide their own rates and features in much the same way as other insurers worldwide. These insurers are INVIVO, Avant, MDA National, Medical Insurance Group Australia (MIGA) and the MIPS. Unlike other insurance providers, these five are expected to operate under specific legislation as defined by the Department of Health. There are currently five health programs available to medical professionals, all of which are subject to their own guidelines and criteria.

The first policy is the Department of Health Package and its sole purpose is to provide doctors assistance with the cost of their indemnity. This includes solicitor fees, court costs and any required compensation. A doctor can choose to undertake this package whether they practice privately, or are part of a health organization.

The second policy is known as the Run-Off Cover Scheme, or ROCS and under this scheme the Department of Health  guarantees to cover the costs of any medical indemnity claims, as long as the doctor undergoing the case has left the private medical workforce. This scheme is typically subject to visa conditions and a doctor will need to be a resident of Australia or have an active visa to qualify.

The Premium Support Scheme is the next program offered and it helps doctors to cover the cost of their medical indemnity insurance. The fourth type of program is known as the Exceptional Claim Scheme and it’s solely for claims that require a sum larger than $20 million. This program is particular useful for doctors that may suffer financially if they cannot afford to pay compensation or court fees in larger cases. The total value of indemnification is 100% of the cost over $20 million.

The final scheme offered by the Department of Health is the High Cost Claims Scheme. This benefits both the doctor and insurance company as the Department of Health will reimburse up to 50% of costs for a medical claim as long as the total comes to more than $300’000. This allows the insurance company to recoup some of its losses, while providing the doctor with a lower insurance rate in the future as a result.

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Medical Insurance

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Read the PostThe Different Medical Indemnity Schemes in Australia