The Avatar Real Mountains

In a beautiful part of southern China there are some mountains called the Southern Sky Column Mountains which have recently been renamed to the Avatar Hallelujah Mountains after the floating mountains that were featured in the blockbuster movie Avatar.

The floating Hallelujah Mountains in the movie were the inspiration of a Hollywood photographer who, in 2008, shot photos of the Southern Sky Column Mountains. Now, tourists can go on a tour to see Avatar’s floating mountain and learn that they were once called the Southern Sky Mountains.

Salvation Mountain a man-made mountain

Financial Update :-

World markets track US higher after jobs report

Asian stock markets rose Monday as investors took a surprisingly weak U.S. jobs report as a sign that interest rates in the world's largest economy will stay low longer than expected. European shares opened higher.
Also buoying sentiment were bullish corporate earnings results and gold's climb above $1,108 an ounce.
Asia's gains followed Wall Street, where stock indexes climbed modestly Friday after the government said the U.S. unemployment rate surpassed 10 percent last month for the first time since 1983.
While clear evidence of America's economic woes, the climb in joblessness still gave investors reassurances the Federal Reserve will need to keep its bank lending rate at a record low range of zero to 0.25 percent for the time being. Low interest rates tend to slow demand for the dollar and support liquidity, which can in turn boost stocks.
"The economic sector is still weak, and we can expect no interest rate hike in the near term," said Linus Yip, strategist at First Shanghai Securities Ltd. in Hong Kong. "So all this is helping the U.S. market and the Hong Kong markets to remain firm."
Now that Asian investors have digested the U.S. labor market data, their focus will likely shift back to mainland China, Yip said. Several key economic indicators are due out this week, including retail sales, industrial output and the consumer price index.
During early trade in Europe, Britain's FTSE 100 added 0.9 percent, Germany's DAX was up 1.3 percent and France's CAC-40 gained 1.1 percent.
In Asia, Hong Kong's Hang Seng index rose 1.7 percent to 22,207.55, and Japan's Nikkei stock average edged up 0.2 percent to 9,823.90.
Benchmarks in mainland China, South Korea, Taiwan, Singapore, Australia and New Zealand also advanced.
Financial and insurance stocks were sharply higher in several markets.
Australia's AXA Pacific Holdings Ltd. soared more than 32 percent after the insurer rejected a $10 billion takeover bid from rival AMP Ltd. and French parent AXA SA. The rebuff raised investor hopes for a higher offer.
In Japan, Mitsui Sumitomo Insurance Group Holdings Inc. surged 8.6 percent after the nonlife insurer reported better-than-expected earnings results for the April-September half.
Earnings hopes bolstered Chinese issue as well, sending the Shanghai Composite Index up for a seventh straight session.
"The euphoria carried on, as investors were confident to see a profitable fourth quarter based on reports for the past three months," said Li Xianmin, an analyst for Pingan Securities in the southern city of Shenzhen.
Shares in companies linked to renewable energy rose ahead of U.S. President Barack Obama's visit to Beijing next week on hopes the two governments will discuss possible measures to promote the industries.
Chinese gold miners soared on higher gold prices. Shandong Gold Mining Co. soared 7.7 percent and Zijin Mining Group Co. added 3.3 percent.
Ongoing concerns about the strong yen pressured the Tokyo market, with the country's major exporters taking a hit. The dollar fell under the 90 yen line Friday, though recovered slightly in Monday trading.
Nissan Motor Co. lost 2.3 percent, while Panasonic Corp. fell 2 percent.
On Friday, the Dow Jones industrial average rose 17.46, or 0.2 percent, to 10,023.42. The Standard & Poor's 500 index closed up 2.67, or 0.3 percent, at 1,069.30.
U.S. futures pointed to a higher open on Wall Street Monday. Dow futures added 56 points, or 0.6 percent, to 10,034, and S&P futures rose 7.5 points, or 0.7 percent, to 1,073.70.
Oil prices shot higher in Asia as Hurricane Ida threatened oil installations in the Gulf of Mexico. Benchmark crude for December delivery was up 94 cents to $78.37; the contract fell $2.19 on Friday.
Gold prices continued their march higher, trading up $10, or about 0.9 percent, at $1,105.7. Prices hit a high of $1,108.8 during the session.
The dollar was trading at 90.08 yen from 89.97 yen late Friday. The euro stood at $1.4934 from $1.4885.

Beautifull Nature images

Principles of insurance
Commercially insurable risks typically share seven common characteristics.[1]
1. A large number of homogeneous exposure units. The vast majority of insurance policies are provided for individual members of very large classes. Automobile insurance, for example, covered about 175 million automobiles in the United States in 2004.[2] The existence of a large number of homogeneous exposure units allows insurers to benefit from the so-called “law of large numbers,” which in effect states that as the number of exposure units increases, proportionally the actual results are increasingly likely to become close to expected proportions. There are exceptions to this criterion. Lloyd's of London is famous for insuring the life or health of actors, actresses and sports figures. Satellite Launch insurance covers events that are infrequent. Large commercial property policies may insure exceptional properties for which there are no ‘homogeneous’ exposure units. Despite failing on this criterion, many exposures like these are generally considered to be insurable.
2. Definite Loss. The event that gives rise to the loss that is subject to the insured, at least in principle, take place at a known time, in a known place, and from a known cause. The classic example is death of an insured person on a life insurance policy. Fire, automobile accidents, and worker injuries may all easily meet this criterion. Other types of losses may only be definite in theory. Occupational disease, for instance, may involve prolonged exposure to injurious conditions where no specific time, place or cause is identifiable. Ideally, the time, place and cause of a loss should be clear enough that a reasonable person, with sufficient information, could objectively verify all three elements.
3. Accidental Loss. The event that constitutes the trigger of a claim should be fortuitous, or at least outside the control of the beneficiary of the insurance. The loss should be ‘pure,’ in the sense that it results from an event for which there is only the opportunity for cost. Events that contain speculative elements, such as ordinary business risks, are generally not considered insurable.
4. Large Loss. The size of the loss must be meaningful from the perspective of the insured. Insurance premiums need to cover both the expected cost of losses, plus the cost of issuing and administering the policy, adjusting losses, and supplying the capital needed to reasonably assure that the insurer will be able to pay claims. For small losses these latter costs may be several times the size of the expected cost of losses. There is little point in paying such costs unless the protection offered has real value to a buyer.
5. Affordable Premium. If the likelihood of an insured event is so high, or the cost of the event so large, that the resulting premium is large relative to the amount of protection offered, it is not likely that anyone will buy insurance, even if on offer. Further, as the accounting profession formally recognizes in financial accounting standards, the premium cannot be so large that there is not a reasonable chance of a significant loss to the insurer. If there is no such chance of loss, the transaction may have the form of insurance, but not the substance. (See the U.S. Financial Accounting Standards Board standard number 113)
6. Calculable Loss. There are two elements that must be at least estimable, if not formally calculable: the probability of loss, and the attendant cost. Probability of loss is generally an empirical exercise, while cost has more to do with the ability of a reasonable person in possession of a copy of the insurance policy and a proof of loss associated with a claim presented under that policy to make a reasonably definite and objective evaluation of the amount of the loss recoverable as a result of the claim.

Beautifull Mountains in the world

Today Forex Update :-
Sterling climbs further, approaching 1.6600

The Pound continues rallying on the back of BoE minutes and, after having confirmed above 1.6500, the Pound has reached 1.6590, right below 1.6600. The Pound has broken 1.6435 Fibonacci resistance and, according to Karen Jones, technical analyst at Commerzbank, targets 1.6745/70.

EUR/USD: Euro recovery, capped at 1.4965 level

Euro recovery from 1.4880 support area has been capped at 1.4965 resistance (Oct 15 and 16 high), ad the Euro has eased to levels around 1.4935 at the moment of writing.

On a wider perspective, decline from 1.4995 high yesterday is corrective in nature, according to Stoyan Mihaylov, technical analyst at Deltastock.com: "Although there was a downward attempt, bottoming at 1.4883, the pattern below 1.4993 seems rather corrective in nature and our target at 1.5104 remains unchanged. Crucial on the downside is 1.4828 support."

Initial resistance at the moment, lies at 1.4970 (Oct 15 and 16 high), and above here, 1.4995/00 (Oct 20 high) and 1.5020. On the downside, support levels lie at 1.4880 (Oct 20 low), and below here, 1.4860 and 1.4825 (Oct 18 low).