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    SEVEN WONDERS OF THE MODERN WORLD
    July 7, 2007 - Portugal

    An official declaration of the new Seven Wonders of the Modern World was made determined from a worldwide poll organized by the New 7 Wonders Foundation. The New Wonders of the World Are: 1. The Great Wall of China ( It is the largest man made monument ever to have been built and is visible from space. ) 2. Petra, Jordan ( Petra On the edge of the Desert, was the glittering capital of the Nabataean empire of King Aretas IV ) 3. Christ Redeemer Rio de Janeiro, Brazil ( Statue of Jesus stands some 38 meters tall, atop the Corcovado mountain overlooking Rio de Janeiro ) 4. Machu Picchu, Peru ( Ancient Inca City built by the Incan Emperor Pachactec halfway up the Andes Plateau, and deep in the Amazon jungle ) 5. Pyramid at Chichn Itz¡, Mexico ( the most famous Mayan temple city, served as the political and economic center of the Mayan civilization ) 6. The Roman Colosseum, Italy ( This great amphitheater in the centre of Rome to celebrate the glory of the Roman Empire ) 7. The Taj Mahal, India ( This immen'se mausoleum by the fifth Muslim Mogul emperor, to honor the memory of his beloved late wife. ) The original 7 wonders of the world were: 1. Great Pyramid of Giza Egypt ( Built as the tomb of Fourth dynasty Egyptian pharaoh Khufu.) still standing. 2. Hanging Gardens of Babylon ( Multi-levelled gardens reaching 22 metres (75 feet) high, ) destroyed by earthquake. 3. Temple of Artemis at Ephesus ( took 120 years to build Dedicated to the Greek goddess Artemis ) destroyed by Arson. 4. Statue of Zeus at Olympia Greece ( 40 feet tall ) destroyed by fire or earthquake. 5. Mausoleum of Maussollos at Halicarnassus ( Stood approximately 45 meters (135 feet) tall with each of the four sides adorned with sculptural reliefs ). disassembled by European Crusaders. 6. Colossus of Rhodes ( giant statue of the Greek god Helios roughly ) Destroyed by Earthquake. 7. Lighthouse of Alexandria ( between 383 - 440 ft tall it was among the tallest man-made structures on Earth for many centuries. ) Destroyed By Earthquake.

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RANDOM QUOTES

  • All of us have a God in us
    by Earth Day, Kenya

    "...All of us have a God in us, and that God is the spirit that unites all life, everything that is on this planet. It must be this voice that is telling me to do something, and I am sure it'as the same voice that is speaking to everybody on this planet at least everybody who seems to be concerned about the fate of the world, the fate of this planet. Wangari Maathai-Noble Peace prize winner, Deputy Minister of Environment, founder Green Belt movement in Kenya...."
  • No Man is Above the Law
    by Theodore Roosevelt

    "..."No man is above the law and no man is below it; nor do we ask any man's permission when we require him to obey it. Obedience to the law is demanded as a right; not asked as a favor."..."

RANDOM FACTS

  • Salary
    about Steve Jobs

    Steve Jobs' annual salary was $1, just enough to keep company health benefits. Harvard Medical School
    about Eyesight Myth and Fact

    Myth: Staring at a computer screen all day is harmful to the eyes. Fact: Spending the day staring at a screen can tire or strain your eyes, but it will not hurt them. Make sure lighting doesn't create a glare on your screen. When spending long periods at your keyboard, take a break now and then to rest your eyes to reduce fatigue. Also, don't forget to blink. Your eyes need to stay lubricated to feel comfortable.

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Are you shopping for the best Canada Mortgage product? Discover the requirements for a Canada loan. One thing to consider is your credit history. If your credit score is low, you can work to improve it.

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Before you can be approved for a Canada Mortgage, the mortgage company considers four elements. They make a careful analysis and evaluation of your income, credit history, the property being purchased, and the down payment on the property. This will help the Canadian lender decide if he will make you a loan.

Having a stable income is very crucial. This is the first thing that the lending institutions require. It does not matter if you are running your own business or are employed, as long as you can present the requirements such as Notice of Assessment Forms issued by the Canada Revenue Agency. If you are employed, you will also present a certificate of employment and the latest two months of pay slips.

The purpose of the Notice of Assessment Forms is to authenticate your claim of regular income and tax payments. Besides the documents, the lending institutions will also have an authorized person to call your office and confirm your employment.

Lenders will also look into your capacity to make your monthly payments in case you are granted with mortgage loan. The factors that lending institutions take into account are how many people in your family, how long you have had work, monthly bills and other payments you need to make.

Generally, mortgage lenders use a formula to determine how much of a mortgage you can be approved for. Two elements come into play for you to qualify for a Canada Mortgage, namely, the Gross Debt Service Ratio. GDS, and the Total Debt Service Ratio, TDS.

The GDS is the highest percentage of your gross income allocated as payment for the costs of maintaining the house. To this ratio belong the principal and interest mortgage payment, property taxes, heating and condo or apartment fees. It is important that your monthly expenses do not exceed 32% of your total monthly income.

TDS on the other hand is the highest percentage of your gross income that is used to pay the GDS and all other financial debts. To this ratio belong all other loans, credit cards payment, and everything from the GDS. To qualify for Canada Mortgage, it is important that your TDS does not exceed 40% of your total gross monthly income.

The mortgage lenders also review your credit score. In fact, whenever the subject is about loans and finances, the credit history is an essential consideration. If you are not sure of your credit standing, there are websites that offer free services to calculate it. If your credit score is imperfect, you can use the programs created for re-building your credit history.

The real estate property to be mortgaged is a critical matter. Mortgage lenders are concerned with the physical appearance and quality of the property. Generally, they conduct a thorough inspection of it.

The real estate property to be mortgaged is the only collateral that lenders have from the mortgage loan, and from you. Hence, a property appraisal is necessary to ensure that the house and lot, condominium or townhouse will still be fit for re-sale in case you default.

Generally, the down payments are not a constant requirement since there are mortgage program that can cover 100% financing. However, if you have 20% or more of the purchasing price, the Canada Mortgage lender will not require default insurance.

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