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One way - to include a section on the principles of monetary policy in the agreement on the Trans-Pacific Partnership
Barack Obama has rightly observed that the TTP - is the ability to set the rules of investment and trade in the XXI century. Nevertheless, the Ministry of Finance and the US Trade Representative stubbornly do not allow to enter into a treaty to ban the word of currency manipulation. In defense of their position, they are five reasons, none of which really does not hold water.
The first argument. With currency manipulation can handle the IMF. The Fund is really guided fresh directives designed to prevent such violations. In the mid-2000s, the United States not only supported these rules. They insisted that they took: the US is very worried about an undervalued Chinese yuan. While strongly undervalued Chinese currency contributed to a reduction of millions of jobs in the US manufacturing plants.
However, to apply the rules of the IMF can not: slow down the sanctions themselves able delinquent. This is common practice with which I am familiar even to work as chief economist of the Fund (from the beginning of 2007 to August of 2008).
The second argument. To agree on stricter rules in monetary policy supposedly impossible. But the rules of the IMF could approve in 2007 and in 2012. They co-ordinate the US Treasury itself. With this nuance familiar Sander Levin, chief representative of the Democratic Party in the ongoing budget commission of the US Congress, is also responsible for international trade. It was his idea to include in the agreement TTP section devoted to foreign exchange regulation on the basis of the directives of the IMF. They identified a situation where the country, despite the large current account surplus continues to buy large quantities of long-lived assets other states. That is the problem we are fighting: so central banks restrain appreciation of the national currency.
The third argument - the inclusion of provisions in the TTP on the monetary policy: these rules will prevent the United States to apply monetary stimulus. Here there is a profound lack of understanding of the problem. Competently composed a section on foreign exchange regulations in TTP will not damage the monetary independence of the United States.
Conventional monetary policy is implemented through the adjustment of short-term interest rates. This includes buying and selling of sovereign bonds by the central bank with little maturity. No intervention in the currency markets - Forex Trading - in this case are not used.
Similarly, quantitative easing (QE), which has recently become the main trend in the largest central banks, does not require the purchase and sale of foreign assets. As part of the Federal Reserve QE gets - and promises to continue buying - a limited list of assets. This is a long-term US debt and the various mortgage-backed securities, denominated in dollars.
The fourth argument. No major country today is not manipulating its currency, so the reasons for concern disappeared. Yes, since the mid-2000s the yuan rose significantly against the dollar. But nothing prevents neither China nor any other country to resume large-scale intervention in the currency markets whenever you want. And once on the exchange rates now no diplomatic tensions, it's time to raise the issue.
Last argument - do not include foreign currency items in the agreement: the participating countries will never come to a consensus on this issue. But this argument is untenable, if you carefully look at the composition of potential participants TTP.
Canada, Australia and New Zealand - countries with a developed economy and a floating exchange rate - is unprofitable to promote currency manipulation. Not prone to this and Chile, with its relatively high level of income and responsible macroeconomic policies. If we talk about Mexico and Peru, they rather fear that other countries will return to the practice of currency manipulation.
A similar situation in Japan, launched its own version of QE: it increasingly concerned about the risk of foul play on the part of other countries, such as South Korea and China. The same is true for Malaysia and Singapore, which have accumulated an impressive foreign exchange reserves. In Vietnam before joining the TTP full of problems more important, especially in the area of workers' rights. Brunei, with its relatively small population is unlikely to object.
Currency manipulation - a serious problem, which leads to serious damage. Agreement on the TTP may be the best way to resolve it. To do this, you must install the dispute resolution mechanism, which allows you to quickly discard the trivial requirements and focus on pressing issues.
Simon Johnson
Professor Sloan School of Management at the Massachusetts Institute of Technology
posted by Forbes
![]() |
Photo Shutterstock |
In an effort to curb the strengthening of the national currency, central banks very often resort to large-scale intervention in the currency markets. Are their actions to prevent the trade agreements? This issue is being actively discussed American politicians and economists. How to rein in global currency manipulators In recent years, Japan, South Korea and China is manipulating currency exchange rate, preventing their growth. So they stimulate exports and restrict imports, as a result, form a huge current account surpluses. Trading partners such practice causes great damage, so the existing international rules prohibit it. Unfortunately, international rules have proven ineffective.
A chance to change the situation gives Trans-Pacific Partnership (TTP) - an incredibly large-scale inter-regional free-trade agreement between the US, Japan and the ten countries of Latin America and Asia. The initiative can join other countries. Negotiations reached the finish line, followed closely watched South Korea and China.Barack Obama has rightly observed that the TTP - is the ability to set the rules of investment and trade in the XXI century. Nevertheless, the Ministry of Finance and the US Trade Representative stubbornly do not allow to enter into a treaty to ban the word of currency manipulation. In defense of their position, they are five reasons, none of which really does not hold water.
The first argument. With currency manipulation can handle the IMF. The Fund is really guided fresh directives designed to prevent such violations. In the mid-2000s, the United States not only supported these rules. They insisted that they took: the US is very worried about an undervalued Chinese yuan. While strongly undervalued Chinese currency contributed to a reduction of millions of jobs in the US manufacturing plants.
However, to apply the rules of the IMF can not: slow down the sanctions themselves able delinquent. This is common practice with which I am familiar even to work as chief economist of the Fund (from the beginning of 2007 to August of 2008).
The second argument. To agree on stricter rules in monetary policy supposedly impossible. But the rules of the IMF could approve in 2007 and in 2012. They co-ordinate the US Treasury itself. With this nuance familiar Sander Levin, chief representative of the Democratic Party in the ongoing budget commission of the US Congress, is also responsible for international trade. It was his idea to include in the agreement TTP section devoted to foreign exchange regulation on the basis of the directives of the IMF. They identified a situation where the country, despite the large current account surplus continues to buy large quantities of long-lived assets other states. That is the problem we are fighting: so central banks restrain appreciation of the national currency.
The third argument - the inclusion of provisions in the TTP on the monetary policy: these rules will prevent the United States to apply monetary stimulus. Here there is a profound lack of understanding of the problem. Competently composed a section on foreign exchange regulations in TTP will not damage the monetary independence of the United States.
Conventional monetary policy is implemented through the adjustment of short-term interest rates. This includes buying and selling of sovereign bonds by the central bank with little maturity. No intervention in the currency markets - Forex Trading - in this case are not used.
Similarly, quantitative easing (QE), which has recently become the main trend in the largest central banks, does not require the purchase and sale of foreign assets. As part of the Federal Reserve QE gets - and promises to continue buying - a limited list of assets. This is a long-term US debt and the various mortgage-backed securities, denominated in dollars.
The fourth argument. No major country today is not manipulating its currency, so the reasons for concern disappeared. Yes, since the mid-2000s the yuan rose significantly against the dollar. But nothing prevents neither China nor any other country to resume large-scale intervention in the currency markets whenever you want. And once on the exchange rates now no diplomatic tensions, it's time to raise the issue.
Last argument - do not include foreign currency items in the agreement: the participating countries will never come to a consensus on this issue. But this argument is untenable, if you carefully look at the composition of potential participants TTP.
Canada, Australia and New Zealand - countries with a developed economy and a floating exchange rate - is unprofitable to promote currency manipulation. Not prone to this and Chile, with its relatively high level of income and responsible macroeconomic policies. If we talk about Mexico and Peru, they rather fear that other countries will return to the practice of currency manipulation.
A similar situation in Japan, launched its own version of QE: it increasingly concerned about the risk of foul play on the part of other countries, such as South Korea and China. The same is true for Malaysia and Singapore, which have accumulated an impressive foreign exchange reserves. In Vietnam before joining the TTP full of problems more important, especially in the area of workers' rights. Brunei, with its relatively small population is unlikely to object.
Currency manipulation - a serious problem, which leads to serious damage. Agreement on the TTP may be the best way to resolve it. To do this, you must install the dispute resolution mechanism, which allows you to quickly discard the trivial requirements and focus on pressing issues.
Simon Johnson
Professor Sloan School of Management at the Massachusetts Institute of Technology
posted by Forbes
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Photo: Shutterstock |
be performing in nightclubs in Las Vegas and Ibiza, then the same Hardwell, Nicky Romero, Martin Garrix and a dozen other electronics will move to the large open-air and a huge dance festivals across the globe.
Ultra Music Festival
When: March 27-29
Tickets: from $ 450
Where: Miami, USA
Visitors will be three days of music, seven scenes and more than 250 performances of artists and DJs with a worldwide reputation. For the first time after an illness speak Avicii, the show will show a relatively new blowing Axwell and Ingrosso, net present Tiesto, David Guetta and others. Festival gathers around 250 000 people.
A plane ticket for one person (there and back) with one change in Frankfurt will cost $ 1,100.
Sensation White - Legacy
When: July 4,
Tickets: from 70 EUR
Where: Amsterdam, Netherlands
Entire budget productions usually does not fall below 10 million euros. In the past year to present the show Pleasure Dome invited Martin Garrix, Nicky Romero and Belgian star Like Mike & Dimitry Vegas.
Plane ticket per person (round trip) direct cost $ 400, with a change in Barcelona - about $ 350.
Electronic Dance Carnival
When: June 19-21
Tickets: from $ 300
Where: Las Vegas, United States
Exit Festival
When: July 9-12
Tickets: from 89 EUR
Where: Novi Sad, Serbia
Incredibly popular among Ukrainians Music Festival, which also geographically close. This year's line-up of DJs will be headed by the number one - Hardwell. In addition to the DJs in Novi Sad come dozens of other artists.
Ukrainian companies often provide direct bus services specifically for the festival. Ticket price - about 100 euros per round trip.
Tomorrowland
When: July 24-26
Tickets: from 300 EUR
Where: Boom, Belgium
Festival Tomorrowland is considered to be the main summer dance event in Europe, if not to take into account not sleeping Ibiza. Three days of incredible fun in a specially built for the festival town: camping, nature, attractions, and a dozen scenes with the music of different directions. Every year Toworrowland collects about 300,000 fans EDM-music, which is played by three hundred of the best DJs. A pleasant surprise for visitors - back-to-back-sets known DJs. Last year it was Tiesto and Hardwell. Who will be this - the secret.
The price of the return ticket with one change will be $ 200.
Creamfields
When: August 28-30
Tickets: information is not yet
Where: Daresbury, UK
One of the oldest and most popular festivals of electronic music in the UK and Europe. Huge open air came into existence in 1998, after which year the year continued to gain popularity. Stated nice line-up is impressive: Avicii, Armin van Buuren, Steve Angello and dozens of others.
Amsterdam Dance Event
When: October 14-18
Tickets: information is not yet
Where: Amsterdam, Netherlands
One of the major dance events of the year. At the festival, professional edition Dj Mag after a long voting calls the best DJ of the year. The past two years the first place occupied Dutch DJ Hardwell, who wins the leadership from the 5-time champion Armin van Buuren.
Feature of the festival is that all the events are not limited to one location, and scattered throughout the city: more than 220's Event on 52 sites. Home - The award - causes rapid hype and gathers an audience of tens of thousands of visitors.
reported by Forbes
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Photo: facebook.com/baselworld |
Baselworld-2015: 10 new products, the main watch exhibition
Photo: facebook.com/baselworld
This year, including popular watch "complications» Baselworld-2015 - chronographs, grande date («big date"), anti-magnetic technology Master Co-Axial, high-speed tourbillons and lunar calendars. Of current trends, as before, like sports watches Yacht-Master Rolex, El Primero Sport Zenith - in this area among watchmakers present a particularly high level of competition.
By popular models on display, along with complex mechanisms Stranger Vivaldi from Ulysse Nardin or Arnold & Son, include innovative forms, such as, Hublot Magic Gold, sophisticated clock-like ckeletony The Perrelet Turbine Skeleton and time-consuming zhakemary - Jaquet Droz. Forbes chose ten of the latest models of watches from luxury brands Baselworld-2015.
Chopard
Mille Miglia GTS Power Control
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chopard.com |
Sports Watch GTS Power Control with power reserve of 46 hours in a stainless steel housing with two large protruding numbers "6" and "12" are reminiscent of retro and dashboards for the first time are driven by watchmakers Chopard. 01.08 caliber completely designed, constructed and assembled in the workshops of Fleurier Ebauches.
Blancpain
Villeret Grande Date
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blancpain.com |
Jacques-Yves Cousteau was one of the first researchers of the oceans who have experienced scuba prototype. Captain Cousteau was immersed in water, using a mask and flippers hundreds of times. Indispensable in his expeditions remained Blancpain Series Fifty Fathoms - watch Swiss manufactory of Villeret, earned the status and standard of diving.
Round Dial waterproof to a depth of 200 meters hours enclosed in a two-stage model of the new Villeret housing and made in the technique of hot enamel. Mechanism "of the classic" lines of Blancpain is the first time complexity grande date («big date") - two large date window located at "6" hours.
Breitling
Colt Cronograph Automatic
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breitling.com |
Brand with years of experience development hours for aviation - Breitling - confirms the reliability and accuracy of all its mechanisms official chronometric certification COSC. Swiss manufacture of Grenchen owns the world's only private professional aerobatic team (Breitling Jeam Team) and is a leader in developing wrist chronographs.
Exact Cronograph Automatic with subtle embossed circular pattern on a dark dial in polished stainless steel housing has a diameter of 44 mm caliber Breitling 13 and the minimum reserve of 42 hours.
Colt line was originally intended for the pilots of the armed forces and was first launched in 1980.
Arnold & Son
Constant Force Tourbillon
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arnoldandson.com |
Limited model Constant Force Tourbillon with patented constant-force module and a power reserve of 90 hours from the royal line of Royal collection of Arnold & Son refers to the first marine chronometer by John Arnold, the British, who modified the complex mechanism with a particularly precise course of John Harrison. In 1770, the Swiss factory navigation equipment was first endorsed by the British Board of Longitude for marine use.
Constant Force Tourbillon in a housing diameter of 46 mm in 18-carat red gold has an anthracite dial and original open-motif double eight, which allows us to consider it from different angles.
Issue hours limited series of only 28 copies.
Jaquet Droz
The Bird Repeater Jeneva
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jaquet-droz.com |
The new model of the minute repeater Jaquet Droz watches from the masters-zhakemarov of La Chaux-de-Fonds is dedicated to Geneva - the city where Pierre Jaquet-Droz in the XVIII century opened his first watch workshop.
Birds have always been a special theme for Jaquet Droz. On the dial white mother of pearl reproduced in miniature, the largest lake in the Alps Leman Salev tops and a pair of black-headed goldfinches coiling nest on the island of Rousseau.
Limited The Bird Repeater Jeneva equipped with eight automatic movements in the likeness of dolls, automata with manual winding caliber RMA88, power reserve of 48 hours, and the disc of black onyx, off-center hour and minute counter at "12 o'clock".
OMEGA
Seamaster Aqua Terra 150M
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omegawatches.com |
In anticipation of the 24th tape of the film series about a secret agent James Bond ("007: Spectrum») OMEGA introduced an updated edition of antimagnetic watches Seamaster Aqua Terra 150M in a limited number of 15 007. The mechanism in steel caliber 8507 is resistant to magnetic fields due to technology Master Co-Axial, exceeding 15,007 gauss, and is waterproof to a depth of 150 m.
Design hours "heraldic" dial inspired by the fictional coat of arms of the family and their familial Bond theme: "The World Is Not Enough" ..
Maurice Lacroix
Masterpiece Gravity
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mauricelacroix.com
|
Chronograph Masterpiece Gravity with an extraordinary display of time was first presented at the exhibition Baselworld-2014. It was the first watch Maurice Lacroix c mechanism completely made of silicon.
For updated hours of collection Masterpiece, the most innovative series of Maurice Lacroix, released on the occasion of the 40th anniversary of the Swiss watch company of Senlezhe, characterized skeletonized and off-center dial, decorated pattern Cote de Geneve («Geneva stripes"), durable alloy body Powerlite and stainless steel, as well as the manufactory caliber with automatic winding ML230 and a power reserve of 50 hours.
Hublot
Big Bang Unico Full Magic Gold
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hublot.com |
Revolutionary Magic Gold by materials scientists Hublot and the Swiss Federal Institute of Technology in Lausanne (EPFL) - the world's only a scratch-resistant gold alloy, which is close to the hardness of 1000 Vickers (almost twice the usual standard of 18-carat gold). Magic Gold in a new limited edition model of Big Bang Unico Full Magic Gold is combined with the already significant for the Swiss watch company design Big Bang.
Robust housing chronograph black ceramic with flyback function with a power reserve of 72 hours is equipped with manufactory mechanism HUB 1242 UNICO and consists of 330 hand-picked components.
Girard-Perregaux
Tri-Axial Tourbillon in white gold
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girard-perregaux.com
|
Girard-Perregaux - a recognized leader in the manufacture of watches with a tourbillon, presented an updated version of the limited triaxial models Tri-Axial Tourbillon, first made in white gold.
Manufactory Haute Horlogerie has developed a high-speed tourbillon with the regulatory body, which rotates on three axes instead of the traditional one. Complex sapphire crystal dial has a special bulge for the tourbillon, the lower carriage which makes a complete rotation about a first axis for a moment about the second axis 30 seconds and about a third - in two minutes. This complex mechanical system consists of 140 components and is only 1.24 g
Longines
Conquest Classic Moonphase
![]() |
longines.ru |
Longines, timekeeper many famous sporting events, was the first Swiss company that launched the rectangular clock (barrel) form. Manufactory, founded Saint-Imier, has dedicated a new model in the line of Conquest to all lovers of equestrian sport. Classic Moonphase mechanism has complication - the lunar calendar and chronograph to visit the races.
Watches 42 mm Automatic caliber L678 in stainless steel and rose gold frames opaline dial with luminescent coating Super-LumiNova.
This was reported by Forbes and other agencies
This was reported by Forbes and other agencies
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Dollar exchange rate on Thursday reduced by statistics from the United States. This is according to the auction, reports Prime. As of 6.35, the dollar index (the dollar to a basket of six currencies of countries - major US trading partners) decreased by 0.19% to 97.74 points. Euro against the dollar rose to 1.0980 dollars per euro from 1.0970 dollars per euro in the previous closing, the dollar against the yen dropped to 118.983 yen from 119.493 yen per dollar.
On Wednesday, the published data on orders for durable goods in the US in February. Orders unexpectedly fell by 1.4% on a monthly basis, after rising 2% a month earlier, while analysts had expected growth rate of 0.4%. "It is already clear that the US data fall short of expectations, and this is already a couple of months," - said in an interview with Bloomberg chief currency strategist at HSBC in Hong Kong Dominic Bunning.
Growth of the euro against the dollar maintains statistics from Germany. According to the research institute IFO, the index of the business climate in the country in March rose to 107.9 points from 106.8 points in February. Analysts had expected the index to rise to 107.3 points.
The index of the current economic situation in Germany rose to 112 points from 111.3 points in February. Indicator completely coincided with analysts' expectations. The economic expectations index rose to 103.9 points from 102.5 points a month earlier. Analysts expected to increase to 103 points.
Growth of the euro against the dollar maintains statistics from Germany. According to the research institute IFO, the index of the business climate in the country in March rose to 107.9 points from 106.8 points in February. Analysts had expected the index to rise to 107.3 points.
The index of the current economic situation in Germany rose to 112 points from 111.3 points in February. Indicator completely coincided with analysts' expectations. The economic expectations index rose to 103.9 points from 102.5 points a month earlier. Analysts expected to increase to 103 points.
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This agreement contains the terms and conditions of your Horizon Card Services membership known hereafter as Horizon Card Services and Horizon Benefits Plan. HORIZON CARD SERVICES IS NOT A CREDIT SERVICES ORGANIZATION, BANKING INSTITUTION OR INSURANCE COMPANY, NOR IS IT AFFILIATED WITH ANY CREDIT SERVICES ORGANIZATION, BANKING OR INSURANCE INSTITUTION. THIS PRODUCT IS NOT A VISA, MASTERCARD, OR DEBIT CARD. HORIZON CARD SERVICES ACCOUNT IS A LINE OF CREDIT THAT CAN BE USED BY AN ACCOUNT HOLDER TO SHOP EXCLUSIVELY AT OUR ONLINE SHOPPING WEBSITE. THERE ARE NO DOWN PAYMENT REQUIREMENTS FOR PURCHASES AT OUR WEBSITE. HORIZON CARD SERVICES DOES NOT FACILITATE, NOR PROVIDE ASSISTANCE IN OBTAINING CREDIT FROM ANY OTHER CREDIT-ISSUING ENTITIES. HORIZON CARD SERVICES DOES NOT CHARGE AN ADVANCED FEE TO ESTABLISH CREDIT, NOR DOES HORIZON CARD SERVICES ATTEMPT, OR CLAIM TO ATTEMPT TO REPAIR A CUSTOMERS CREDIT HISTORY.
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Late Payment $20.00
How it Works: Upon Account activation of your membership, you will receive various benefits as well as a credit card account to use exclusively on purchases available through the Horizon Outlet Website. Your Account will not work at any other website. Due to the lack of restrictions associated with obtaining an Account, there are nominal shipping and handling fees required for each purchase. You will receive a physical credit card within (5) five days to (2) weeks of your account activation. If you do not receive your card, please contact our customer services department.
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Fee for returned checks or debits, second NSF: $25.00
Monthly maintenance fee: $6.00 (This fee is waived to all active Horizon Card Services members).
Shipping and processing fees are required to be paid in full by customer prior to items being shipped. A $2.50 charge will be added to for shipment signature verification. Shipping and processing fees are non-refundable. Orders cannot be shipped to addresses other than what is listed on the customer's account. By purchasing items from The Horizon Outlet, customer fully understands and agrees to all policies. The Horizon Outlet will replace defective item(s) only at no charge to customer. (Less shipping and processing). The merchandise must be defective upon customer receiving it. The Horizon Outlet has the right to refuse refunds if the customer changes his/her mind and it is determined that the customer has caused the damage to the item(s). Horizon Card Services reserves the right to limit item quantities per order and all orders are subject to quantity restrictions.
ACH Debits: If any Automated Clearing House ('ACH') or Remotely Created Check ('RCC') debit request for a fee associated with your Account is returned due to non-sufficient funds available in your bank account, Horizon Card Services may attempt to collect the applicable fee by automatically resubmitting to your bank subsequent ACH or RCC debits. Any subsequent debit attempts by Horizon Card Services will not exceed the original fee amount. Furthermore, you understand and agree that if Horizon Card Services is unable to obtain payment from your bank, Horizon Card Services reserves the right to immediately terminate your Account or reduce your available credit until a consistent payment history has been established.
Credit Bureau Reporting: Horizon Card Services will report your new Horizon Card Services/Horizon Outlet Account to at least one major credit bureau upon receiving positive confirmation of your identity. In order to confirm your identity, you may be required to send Horizon Card Services additional information. The Horizon Card Services Account does not guarantee aid in building or re-building credit, or to the posting of any positive references to any credit report. Due to circumstance beyond our control, it may take up to 60 days for your Horizon Card Services information to appear on your credit report.
Purchases and Monthly Billing: You will be electronically/paper billed monthly for the minimum payment due on your Horizon Card Services account. For ease and convenience, our E-Bill feature is designed to send invoices to the email address we have on file for each monthly billing cycle. Only account holders that are in good standing may make purchases at the Website and receive additional account holders benefits. On occasion, a product or products that you order may be out of stock from our suppliers. In that event, all pre-paid funds, for your convenience, will be automatically applied as a credit to your Horizon Card Services account.
Your Promise to Pay: You agree to pay the minimum payment due shown on each monthly electronic bill/paper statement. All payments must be received on the date indicated on the electronic bill/paper statement. Horizon Card Services account holders are responsible for maintaining a valid email address on their account.
Application of Payments Received: Payments received are always applied to any unpaid balance. Payments are applied toward purchases in the same order that they were made, older purchases first.
Minimum Monthly Payment: The minimum monthly payment for any given month (as long as your account shows an outstanding balance) is the greater of: a) 10% of the account balance owed immediately following any purchase made to your account; or b) $25.00. The minimum monthly payment does not automatically decrease as your account balance decreases. Notwithstanding the foregoing, should your new balance be less than $25.00, the minimum payment due will be the total amount of the new balance.
Default: Your Account will be considered in default status if: a) you fail to pay the minimum monthly payment when due; or b) you breach any of the terms and conditions of this Agreement. If your Account is in default, in compliance with applicable law, Horizon Card Services may: a) demand that you immediately pay the entire unpaid balance on your Account; b) apply monies received on subsequent purchases to any delinquent account balance owed; and/or c) proceed with legal action to collect any unpaid amounts.
Horizon Card Services Membership: As a Horizon Card Services Member and Horizon Card Services card holder, You will receive privileges in My PRIVACY PROTECT, MY UNIVERSAL RX Prescription Discount Plan, MY LEGAL ASSISTANCE and MY ROADSIDE ASSISTANCE Plan. Use of My Privacy Protection account requires activation. Upon activation with Horizon Card Services, you are bound by the User Agreement provided at the enrollment site.
Plan Limitations and Restrictions: Access to member benefits is restricted to only the member on file of an active account. Should you wish to add additional family members to your plan, please contact customer service for pricing. Fraudulent use and access of benefits constitutes theft and will be prosecuted to the fullest extent of the law. Horizon Card Services has the right to temporarily suspend or cancel member plans that have the appearance of fraudulent use. It is your responsibility to know your plan limitations. Upon reaching all or any single plan inclusion program limit within a 12-month period, access will be denied.
My Privacy Protection - Unlimited Internet access. To activate your account and view your credit report, visit www.memberbenefitaccess.com and log into your account using the account issued to you upon approval of your membership.
My Universal Rx - Unlimited local participating pharmacy access. Members receive up to 40% off of covered prescription medications. Check website for selected medications and changes.
My Roadside Protection - Benefit coverage begins following a 5-day waiting period from date of enrollment or reinstatement. Up to 3 service calls or towing requests up to 15 miles not to exceed the operator cost of $50.00. Additional mileage and associated towing costs will be your responsibility to pay at the time of service. No more that one towing or service call is covered within a 30 day period and no more than 3 total service calls within any 12 month period. Service calls include Fluid delivery (up to 2 gallons of fuel which you must re-pay at the current pump price for you area), Lock out service and flat tire change service with the spare tire that you provide. This service is not to be used for accident vehicle recovery therefore there is no benefit coverage.
My Legal Assistance - Toll free and Internet access to Legal resources. Criminal defense cases are not covered under this plan. Your plan entitles you to one free 30-minute consultation with a legal professional in your area specializing in your area of law interest.
Courtesy Programs - My Fuel Savings and other programs that are currently offered to our member base are done so as convenience and courtesy items only. Horizon Card Services makes no warranty or guarantee of these services and they are subject to change or discontinuation at any time.
Fraud Resolution: As a matter of policy, we cooperate fully with all law enforcement agencies in the pursuit of fraud, with regard to the unauthorized use of information in order to apply for this membership. If you believe your account was fraudulently charged for the application and processing fee, we will make every effort to aid in a resolution. Before we can take any action, please fax or mail a copy of the official report filed with your local Police or law enforcement agency detailing the suspected fraudulent act and also a copy of the portion of your account statement showing the date and amount of the withdrawal. Please allow us two weeks for resolution after we receive the report and statement. Fax: 1-724-599-1578
Good Standing Requirement: You understand that you must maintain your Account in good standing by making at least the minimum monthly payments on time and accurate account and personal information. If your Account is in default status, you understand that your Account privileges and benefits may be suspended and/or terminated until you have re-established a consistent pattern of on-time monthly minimum payments.
Authorized Use: The Website and Service are available only to individuals who can enter into legally binding contracts under applicable law. However, if you are under the age of 18, you do not have authorization to access or use the Website and/or Service in any manner whatsoever. If you are a Website visitor ('Visitor'), you may use the Website in order to obtain information about Horizon Card Services and the Service and to apply for a Horizon Card Services account ('Account'). Visitors are not authorized to access any content and/or data available to those individuals that are Account holders. In addition, to apply for and obtain an Account, you must be at least 18 years old and have a valid and active U.S. checking or savings bank account.
License Grant: As a Visitor to the Website or an Account holder, you are granted a non-exclusive, non-transferable, revocable and limited license to access and use the Website (and its associated content), the Service and/or an Account in accordance with this Agreement. Horizon Card Services may terminate this license at any time for any reason. You may use the Website on one computer for your own personal, non-commercial use. No part of the Website, the Service and/or an Account may be reproduced in any form or incorporated into any information retrieval system, electronic or mechanical. You may not use, copy, emulate, clone, rent, lease, sell, modify, decompile, disassemble, reverse engineer or transfer the Website (and its associated content), the Service, your Account and/or any portion thereof. Horizon Card Services reserves any rights not explicitly granted in this Agreement. You may not use any device, software or routine to interfere or attempt to interfere with the proper working of the Website, the Service and/or your Account. You may not take any action that imposes an unreasonable or disproportionately large load on the Horizon Card Services infrastructure. Your right to use the Website, the Service and/or your Account including, without limitation, your Login, is non-transferable. Access to, and use of, your Account and the Service is made through your Login information. Your Login must be kept strictly confidential. For security reasons, Horizon Card Services will not release passwords for any reason, other than to the applicable Account holder, except as may be specifically required by law or court order. Unauthorized access to the Website, the Service and/or an Account is a breach of this Agreement and a violation of applicable law.
Proprietary Rights: The content, organization, graphics, design, compilation, magnetic translation, digital conversion, software and other matters related to the Website, the Service and/or your Account are protected under applicable copyrights, trademarks and other proprietary (including, without limitation, intellectual property) rights. The copying, redistribution and/or publication by you of any part of the Website, the Service and/or your Account are strictly prohibited. You do not acquire ownership rights to any content, document, software, service or other materials viewed at or through the Website, the Service and/or your Account. The posting of information or material at the Website and Service by Horizon Card Services does not constitute a waiver of any right in such information and/or materials.
Privacy Policy: Use of the Website, the Service and/or your Account is subject to our Privacy Policy, which is hereby incorporated into, and made part of, this Agreement. We reserve the right, and you authorize us, to use and assign all information regarding your Website, Service and Account use, and any and all other personal information provided by you, in any manner consistent with our Privacy Policy, which is hereby made a part of this Agreement.
Editing, Deleting and Modification: We reserve the right, in our sole discretion, to edit and/or delete any documents, information or other content appearing on the Website, the Service and/or your Account at anytime, without notice to you.
Indemnification: You agree to indemnify, defend and hold Horizon Card Services, its owners, and each of their respective officers, partners, members, employees, agents and attorneys (each a 'Covered Party'), harmless against any and all liabilities, claims, actions, suits, proceedings, judgments, fines, damages, costs, losses and expenses (including reasonable attorneys' fees, administrative costs and/or settlement costs) arising from your breach of this Agreement and/or your use of the Website, the Service and/or your Account, in any manner whatsoever.
Disclaimers and Limitations: THE WEBSITE, THE SERVICE, YOUR ACCOUNT AND ANY MERCHANDISE OBTAINED THROUGH THE SERVICE ARE PROVIDED ON AN "AS IS AND "AS AVAILABLE" BASIS AND ALL WARRANTIES, EXPRESS OR IMPLIED, ARE DISCLAIMED (INCLUDING, WITHOUT LIMITATION, THE DISCLAIMER OF ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OF INTELLECTUAL PROPERTY AND/OR FITNESS FOR A PARTICULAR PURPOSE). THE WEBSITE, THE SERVICE, YOUR ACCOUNT AND ANY MERCHANDISE OBTAINED THROUGH THE SERVICE MAY CONTAIN BUGS, ERRORS, PROBLEMS OR OTHER LIMITATIONS. Horizon Card SERVICES AND THE COVERED PARTIES HAVE NO LIABILITY WHATSOEVER FOR YOUR USE OF, OR INABILITY TO USE, THE WEBSITE, THE SERVICE, YOUR ACCOUNT AND ANY MERCHANDISE OBTAINED THROUGH THE SERVICE. IN PARTICULAR, BUT NOT AS A LIMITATION THEREOF, Horizon Card SERVICES AND THE COVERED PARTIES ARE NOT LIABLE TO YOU AND/OR ANY THIRD PARTY FOR ANY INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES (INCLUDING DAMAGES FOR LOSS OF BUSINESS, LOSS OF PROFITS, LITIGATION, OR THE LIKE), WHETHER BASED ON BREACH OF CONTRACT, BREACH OF WARRANTY, TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE NEGATION OF DAMAGES SET FORTH ABOVE IS A FUNDAMENTAL ELEMENT OF THE BASIS OF THE BARGAIN BETWEEN HORIZON CARD SERVICES AND YOU. THE WEBSITE, THE SERVICE, YOUR ACCOUNT AND ANY MERCHANDISE OBTAINED THROUGH THE SERVICE WOULD NOT BE PROVIDED TO YOU WITHOUT SUCH LIMITATIONS. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM US THROUGH THE WEBSITE, THE SERVICE, YOUR ACCOUNT AND ANY MERCHANDISE OBTAINED THROUGH THE SERVICE SHALL CREATE ANY WARRANTY, REPRESENTATION AND/OR GUARANTEE NOT EXPRESSLY STATED IN THIS AGREEMENT. ALL RESPONSIBILITY AND/OR LIABILITY FOR ANY DAMAGES CAUSED BY VIRUSES AND/OR WORMS CONTAINED WITHIN AN ELECTRONIC FILE AVAILABLE AT THE WEBSITE AND/OR THROUGH THE SERVICE IS DISCLAIMED. YOU UNDERSTAND AND AGREE THAT ANY MATERIAL DOWNLOADED, OBTAINED OR OTHERWISE ACCESSED THROUGH THE USE OF THE WEBSITE, THE SERVICE AND/OR YOUR ACCOUNT IS DONE AT YOUR OWN DISCRETION AND AT YOUR OWN RISK. YOU WILL BE SOLELY RESPONSIBLE FOR ANY AND ALL DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT MAY RESULT FROM THE DOWNLOADING OF ANY SUCH MATERIAL. OUR MAXIMUM LIABILITY TO YOU UNDER ANY AND ALL CIRCUMSTANCES WILL BE EQUAL TO THE LOWEST PURCHASE PRICE THAT YOU HAVE PAID FOR ANY SINGLE PIECE OF MERCHANDISE AT THE WEBSITE AND/OR THROUGH THE SERVICE. NOTWITHSTANDING THE FOREGOING, Horizon Card SERVICES SHALL NOT BE LIABLE TO YOU FOR ANY SERVICE, GOODS OR INFORMATION AVAILABLE FROM THIRD PARTIES, EVEN IF OBTAINED AT OR THROUGH THE WEBSITE AND/OR SERVICE.
Third Party Websites: The Website may provide, and/or third parties may provide, links to other Internet websites and/or resources. Because Horizon Card Services has no control over such third party websites and/or resources, you hereby acknowledge and agree that Horizon Card Services is not responsible for the availability of such third party websites and/or resources. Furthermore, Horizon Card Services does not endorse, and is not responsible or liable for, any terms and conditions, privacy policies, content, advertising, products and/or other materials at or available from such third party websites or resources, or for any damages and/or losses arising there from.
ARBITRATION. PLEASE READ THIS PROVISION CAREFULLY. IT PROVIDES THAT ANY DISPUTE MAY BE RESOLVED BY BINDING ARBITRATION. ARBITRATION REPLACES THE RIGHT TO GO TO COURT, INCLUDING THE RIGHT TO BRING OR PARTICIPATE IN A CLASS ACTION OR SIMILAR PROCEEDING. IN ARBITRATION, A DISPUTE IS RESOLVED BY AN ARBITRATOR INSTEAD OF A JUDGE OR JURY. THE ARBITRATOR'S DECISION WILL GENERALLY BE FINAL AND BINDING. ARBITRATION PROCEDURES ARE SIMPLER AND MORE LIMITED THAN COURT PROCEDURES. Any claim, dispute or controversy between You and Us, Horizon Card Services and any of our affiliates (or made by or against anyone connected with You or Us, or claiming through You or Us) arising from or relating to Your membership ("Claim"), including Claims regarding applicability or validity of this arbitration provision, shall be resolved by binding arbitration in accordance with the rules of the American Arbitration Association ("AAA") then in effect, subject to this Membership Agreement. Any Claim regarding the validity or enforceability of this arbitration provision shall be governed by the laws of the State of Pennsylvania without giving effect to the choice of law provisions thereof. This arbitration provision is made pursuant to a transaction involving interstate commerce and, in all other respects, including the determination of any questions about whether Claims are within the scope of this arbitration provision and therefore subject to arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. 1-16 ("FAA"), and shall be resolved by interpreting the arbitration provision in the broadest way the law will allow it to be construed. All Claims are subject to arbitration, no matter what theory they are based on or what remedy they seek. This includes Claims based on contract, tort (including intentional tort), fraud, agency, negligence, statutory or regulatory provisions, or any other source of law. Claims made and remedies sought as part of a class action, private attorney general or other representative action are subject to arbitration on an individual (non-class, non-representative) basis. As an exception to arbitration, You and We retain the right to pursue in a small claims court located in the federal judicial district that includes Your billing address at the time of the Claim, any Claim that is within the court's jurisdiction and proceeds on an individual basis. The arbitration shall be conducted before a single arbitrator, applying to the Claims the substantive laws of the state of Pennsylvania without giving effect to the choice of law provisions thereof. The arbitrator's authority is limited solely to the Claims between You and Us alone. The arbitration will not be consolidated with any other arbitration proceeding. You and We do not agree to any arbitration on a class action or representative basis, and the arbitrator shall not be authorized to treat any Claim on a class action or representative basis. If You prevail in the arbitration of any Claim against Us, We will reimburse You for any fees You paid to the AAA in connection with the arbitration. Any decision rendered will be final and binding on the parties, and judgment may be entered in a court of competent jurisdiction. Arbitration rules and forms may be obtained from the AAA at www.adr.org. Claims shall be filed in any AAA office. However, any participatory hearing that You attend shall take place in Indiana County, Pennsylvania, unless You chose to have the hearing take place in the federal judicial district that includes Your billing address at the time the arbitration Claim is filed. This arbitration provision applies to all Claims now in existence or that may arise in the future. The arbitration provision shall survive termination of Your membership as well as voluntary payment of the debt in full by You or any bankruptcy by You. IF YOU DO NOT CHOOSE TO ACCEPT THIS BINDING ARBITRATION PROVISION, YOU MUST NOTIFY US IN WRITING BY REGISTERED MAIL WITHIN TWENTY (20) DAYS AFTER RECEIPT OF THIS "TERMS OF SITE USE." IF YOU SO NOTIFY US BY THAT TIME THAT YOU DO NOT ACCEPT THE BINDING ARBITRATION PROVISION, YOU MAY CONTINUE TO BE A MEMBER FOR THE CURRENT MEMBERSHIP TERM. HOWEVER, IN THAT EVENT, WE SHALL HAVE THE RIGHT NOT TO RENEW YOUR MEMBERSHIP AT THE END OF THE MEMBERSHIP TERM.
Equipment: You shall be responsible for obtaining and maintaining all telephone, computer hardware and any other equipment needed to access and/or use the Website, the Service and/or your Account, as well as any and all charges related thereto. Horizon Card Services account holders are responsible for maintaining a valid email address on or for their account.
Miscellaneous: This Agreement shall be treated as though it were executed and performed in Indiana, Pennsylvania, and shall be governed by and construed in accordance with the laws of the State of Pennsylvania (without regard to conflict of law principles). Should a dispute arise concerning the terms and conditions of this Agreement, or the breach of same by either party hereto, the parties agree to submit their dispute for resolution by arbitration before the American Arbitration Association in Washington, DC, in accordance with the then current Commercial Arbitration Rules of the American Arbitration Association. Any award rendered shall be final and conclusive to the parties and a judgment thereon may be entered in any court of competent jurisdiction. Nothing herein shall be construed to preclude any party from seeking injunctive relief in order to protect its rights pending an outcome in arbitration. Should any part of this Agreement be held invalid or unenforceable, that portion shall be construed consistent with applicable law and the remaining portions shall remain in full force and effect. To the extent that anything in or associated with the Website, the Service and/or your Account is in conflict or inconsistent with this Agreement, this Agreement shall take precedence. Our failure to enforce any provision of this Agreement shall not be deemed a waiver of such provision nor of the right to enforce such provision. The parties do not intend that any agency or partnership relationship be created through operation of this Agreement. In order to expedite fulfillment of the product to the customer, we reserve the right to substitute another merchandise charge card of equal or greater value.
Acknowledgements: I certify that I have read, understand and fully agree to all the terms and conditions contained in this Agreement. I certify that all the Application Data I supplied to Horizon Card Services is true, accurate and verifiable. The information concerning costs and fees associated with my Account is accurate as of March 20, 2015 I understand that these costs and fees, and any other term associated with my Account, may change at anytime, in the sole discretion of Horizon Card Services. I understand that my only recourse to any changes in terms is the cancellation of my Account in accordance with this Agreement.
Dated: March 20, 2015
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Creditnavigator.blogspot.com is not a lender - it does not make short term cash loans or credit decisions. Creditnavigator.blogspot.com simply connects interested consumers with independent third party lenders. Creditnavigator.blogspot.com’s loan matching services happen in real time, so you could be connected with an independent lender in seconds. Register online from home on your PC or from anywhere using your mobile device. The loan matching process begins the minute you submit your registration. If matched with a lender, you will be presented with a loan offer subject to that lender’s own terms and conditions. If you agree to those terms, the loan could be available for your use as early as the next business day.
Independent lenders have their own minimum requirements which must be met to be approved for a payday loan, and one independent lender’s may differ from another’s. Such minimum requirements typically include, but may not be limited to:
- 18 years of age or older
- U.S. Citizenship
- Valid checking or savings account with direct deposit
- Regular income of at least $1,000 per month
- Not a regular or reserve member of the Army, Navy, Marine Corps, Air Force, or Coast Guard (or a dependent of someone who is), serving on active duty under a call or order that does not specify a period of 30 days or fewer
Be sure to review our FAQs for additional information on issues such as credit and late payment implications.
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APR Disclosure. Some states have laws limiting the APR that a lender can charge you. APRs range from 200% and 1386%. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. The Annual Percentage Rate is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement.
Material Disclosure. The operator of this website is not a lender, loan broker or agent for any lender or loan broker. We are an advertising referral service to qualified participating lenders that may be able to provide amounts between $100 and $1,000. Not all lenders can provide up to $1,000 and there is no guarantee that you will be accepted by an independent, participating lender. This service does not constitute an offer or solicitation for loan products which are prohibited by any state law. This is not a solicitation for a particular loan. We do not endorse or charge you for any service or product. Any compensation received is paid by participating lenders and only for advertising services provided. This service and offer are void where prohibited. We do not control and are not responsible for the actions of any lender. We do not have access to the full terms of your loan. For details, questions or concerns regarding your loan please contact your lender directly. Only your lender can provide you with information about your specific loan terms, their current rates and charges, renewal, payments and the implications for non-payment or skipped payments. The registration information submitted by you on this website will be shared with one or more participating lenders. You are under no obligation to use our service to initiate contact with a lender, apply for credit or any loan product, or accept a loan from a participatign lender. Cash transfer times and repayment terms vary between lenders. Repayment terms may be regulated by state and local laws. Some faxing may be required. Be sure to review our FAQs for additional information on issues such as credit and late payment implications. These disclosures are provided to you for information purposes only and should not be considered legal advice.
Exclusions. Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to utilize this website or service. The states serviced by this website may change from time to time, without notice.
Credit Implications. The operator of this website does not make any credit decisions. Independent, participating lenders that you may be matched with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit.
Professional Advice. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans.
MATERIAL DISCLOSURE
Marketing Practices
Last Updated 11/07/2014
Welcome to Creditnavigator.blogspot.com (hereinafter "Company"). To register for Company's services, You must agree to these Marketing Practices, as well as Company's Privacy Policy and Terms & Conditions. By registering for Company's services, you understand that you are requesting a referral for a loan from the independent, participating lenders with whom we may share your information. You are also giving your express consent to receive promotional materials from participating lenders, Company and/or third party marketing partners with whom we may share your information. They may also provide information to you about additional services and products. You further understand that all communications, whether to assist you in obtaining the loan requested or for promotional purposes, may be via direct mail, email (at the email address provided by You) and/or telephone/mobile device (at the number(s) provided by you) notwithstanding that your email address and/or numbers may be listed on a corporate, state, or federal Do-Not-Contact registry, suppression list, or the like. If you do not wish to receive such marketing materials and/or communications, you may request to be removed by using the relevant opt-out mechanism in such communications. Requests to unsubscribe from receipt of communications from third parties must be communicated directly to such third parties. Company is not responsible for stopping all unwanted communications from sources beyond Company's control. Please contact Company directly via certified mail at :
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Marketing Practices
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