Brexit and Copyright: Are Your Ideas Safe?

If you work in design, you might be a bit more concerned about Brexit than other people. Anti-Copying in Design, the trade body set up to protect the intellectual property of designers, has raised concerns that vital business law stopping people copying original designs will be scrapped.

Did McDonald, the founder of the organization has cautioned the government that if they don’t either keep the existing legislation or have new laws ready to seamlessly take the place of EU protections the design industry, which currently contributes 71.7 million pounds to the UK economy, could be at serious risk of losing ownership of the ideas and designs that make it so successful.

“EU design laws protect the individual character of designs in terms of shape, texture, colours, ornamentation and materials, while UK rights only protect shape.” Did explains. Losing these protections would put British designers at a severe disadvantage to their European counterparts, at a time when we need them to be at their best and help boost our economy in the wake of leaving the European Union.

Anti-Copying in Design offers free initial legal advice to their members to help them navigate the complexities of protecting their intellectual property. Once a designer has signed up, they can also put a ACID logo on their website which helps to deter potential copyright thieves. The lawyers who work with ACID explain that seeing the logo makes a potential copyright infringer realise the designer is aware of the law surrounding copyright theft, and has the support necessary to defend their rights.

While some underestimate the risk of copyright infringement to small designers, ACID has documented and helped to fight many cases where a small business has met with a supermarket or other big supplier, only to later find copies of their products for sale in stores. When your main income is your unique ideas and designs, you stand to lose everything if people can reproduce them without any fees or punishments. At a time when the UK needs to reinforce it’ internal economy, this is a bigger issue than any individual designer being inconvenienced.

McDonald has visited Downing Street to explain that if designers don’t receive more legal protection, 25% of sales could be lost across the UK. This is an issue that affects us all: that could be a non-trival portion of our post Brexit economy.

Illinois Has a Big Unemployment Problem

Illinois has an unemployment problem. Greedy and incompetent politicians ran the state into the ground. In 2016, the Bureau of Labor Statistics reported Illinois’ average unemployment rate as 6.01 percent. The nation’s average was 4.85.

A leading factor in the unemployment problem is the state’s financial woes. Illinois has more than $14 billion in unpaid debts, a running deficit of $6 billion, and a pension liability that is $130 billion. Moreover, the state hasn’t passed a budget in two years, which has sunk its bond rating.

Surviving the Financial Crisis

It’s a terrible situation for the state’s unemployed population. If you’re unemployed, you’re urged to apply for Illinois unemployment as soon as possible. It’s one of the few state-funded programs that receives funding, because unemployment funds are in special reserve. The Department of Employment Security collects unemployment insurance from employers, and it’s used only to pay unemployed workers.

You may find that unemployment benefits are the only benefits the state can provide. It’s a dire situation in Illinois currently. Social service agencies are closing shop. There is little funding to provide low income people with temporary assistance, such as food stamps or cash assistance.

Historically, unemployed people would attend universities or community colleges with state-provided grant funds. The state’s universities aren’t receiving enough funding, and their enrollment numbers are way down. If going back to school was in your plan, you may find yourself paying out of pocket for some (if not all) of the costs.

Before you write off furthering your education, consider what federal funding is available to you. In 2009, Obama increased Pell grant benefits. This may be enough to fund your higher education.

Managing Your Finances

Plain and simple the state is hemorrhaging money, so what can you do to get back on your feet? You can become a better money manager. If you have some savings, try not to touch it. Try to rely only on the money coming in if you can, and try to spend as little as possible.

Create a budget and use it to determine how you’re spending money. You’ll need to quantify your daily spending and determine exactly where to make cuts. Eating out, extraneous shopping, and cable television may need to be cut so you can survive this difficult time.

That doesn’t mean you should suffer, but try to limit treats. If you and your spouse went to dinner and a movie once a week, try reducing date night to once a month and doing one or the other. Dinner at home and then a movie; or, dinner at a restaurant and a movie at home.

It goes without saying that now isn’t the time to make any big new purchases; however, you could renegotiate the cost of the expensive things you already own. You could consider refinancing your auto or home loans for lower cost payments and reduced interest rates. If your credit score is good and you have a history of paying on time, you could be a candidate for refinance.

You should communicate your unemployed status to all your creditors, including any credit cards you may have opened. They may be willing to lower your payment, or they will defer payments for a period of time (usually 90 to 180 days). If you’re able to get deferments, your credit score will not be affected.

Don’t stop looking for employment. The state’s unemployment program will help you in your job search, but you can help yourself, too. Set up Google alerts for open positions in your field. Although the state is broke, it’s not completely broken. Some programs are still functioning, so find out which government programs are available and contact them to see if you qualify for help.

 

Top Tips for Managing Your Money Better

Managing your money, and doing it well, is an important aspect of your life. After all, how well you manage your money can influence every other aspect of your life, such as where you live and what type of car you drive. Mismanagement of your finances can seriously impact your life, and the lives of your family. Managing your money isn’t as difficult as it sounds. Here are a few tips to help you do just that, and improve your finances.

Create a Budget

The very first step to taking full control of your finances is to create a budget. While it sounds time consuming (and possibly boring), knowing how much you have coming in versus how much you have going out is essential. If you are married, make sure that you combine your finances. After all, every bill and expenditure you have belongs to both of you.

In order to create your budget, create a list of how much you spend on fixed items, such as mortgage or rent, car insurance and your cell phone. Then list out how much you want to devote monthly to flexible expenditures, such as groceries. Don’t forget to allot a section of your budget for savings. After you make your budget, make sure that you stick to it. Otherwise, your effort will be for nothing.

Track Your Spending

As a part of developing your budget, track your spending. Write down everything that you buy and how much you spend on it. This will help you to better set your limits for each section of your budget. Tracking your spending also helps to keep you accountable, and will help you to curb impulse buying, which would otherwise throw your budget completely out of balance.

Pay Bills on Time

You already know that paying your bills is important. What is also important is to pay them on time. Many companies will tack on interest charges, late fees and other penalties if you are even one day late with your payment. Paying your bills on time will help to avoid unnecessarily spending extra money. Pay more than the minimum balance to help pay down debts faster if you can. If you find it difficult to keep track of which bills are due when, record the dates in a calendar, or sign up for automatic payments online.

Avoid Using Credit Cards

It’s always tempting to use your credit card, especially when it comes to impulse purchases. However, if you don’t pay your credit card balance in full every month, you wind up paying interest on your total balance as well. If you find that you are unable to pay off the full balance, don’t use your credit card. You should avoid using it at least until the balance is paid off. Don’t carry your credit cards with you when you go out to avoid temptation. You may also want to consider calling up your credit card company and finding out if they can give you a lower interest rate, which will then help to lower your payments.

Consolidate Debt

If you have a large amount of credit card debt you may want to consider getting an installment loan.  Most credit cards have high interest rates and you can literally be wasting money on interest.  When you get an installment loan with a much lower interest rate this will allow you to apply more of your payment to the principal.  You can find various companies like Ineedaloan.net to get an installment loan online.

Build an Emergency Fund

Having some form of savings is important. An emergency fund that you contribute to every month will allow you to have extra money in case something comes up. Having the money set aside in case your car breaks down or you need to replace something within your home will help you to avoid using your credit card, and sinking deep into debt. Then you won’t have to spend months, or even years, paying back the expense.

Sell What You Don’t Need

Take a look around your home. How much of the things you see in a given room do you no longer use? Maybe you have a gaming system, some movies or even some furniture that is just sitting there, taking up space. If you have things that you no longer use, and they don’t add any value to your life, sell them. You can then take the money you make from what you sell and add it to a savings account or invest it.

Managing your finances doesn’t have to be a complicated process. Once you are able to start managing your money, you will be surprised to find out how much simpler other parts of your life are. You may also find that you have enough money left over to do something you’ve always wanted to.