Welcome to Savings Guide
Savings Account Online Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Day Light Savings Time
from:Introduction
Day light savings time (DST) is essentially defined as the practice of advancing the clock time so that the afternoons have more of daylights than the mornings.
Also known as the summer time in British English, this system typically requires the clocks to be adjusted forward by one hour near the start of spring and is adjusted backward in autumn.
History has it the day lights saving time were instituted in the Untied States during the World War I, in order to save energy for war production so that maximum advantage of the later hours of daylight between April and October could be taken.
Features and Aspects
Experts strongly suggest that one of the biggest advantages of day light savings time is that it saves a lot of energy. The logic which is described behind this is that the energy used and the demand for electricity for lighting our homes is directly proportionate to when we go to bed and when do we get up. If the sleeping time gets proponed by an hour, that could amount to an equal amount of energy saved all throughout.
As per the procedure of the day lights saving time, at 2 a.m. on the second Sunday in March, the clocks are set one hour ahead of the standard time. Moving on, the clocks are again set back by one hour at 2 a.m. on the first Sunday in the November, thus reverting to the standard time.
During this six-and-a-half-month period of day light savings time, the names of time in each of the time zones in the US are also changed. For instance the Eastern Standard Time is changed to Eastern Daylight Time, and Central Standard Time (CST) becomes Central Daylight Time and so on.
Meanwhile, in the Southern hemisphere where summer comes in December, the day light savings time is observed from October to March. It has to be noted that there is a variation in the pattern of adherence to the day light savings time all across the globe. While the Asian region has almost never observed the daily light savings time schedule, the timings and patterns followed by a many other regions and countries might differ from each other.
The concept of DST has always had a very important place in history. The entire cycle of business, school and all forms of commercial pursuits goes under a variation based on the presence or absence of this concept. Though some of schools of thought actually opine against the benefits of this concept, yet this mechanism has come to stay since long and continues to do well into the future.
??
??
??
??
1
Savings Account Online News
MoneySmarket published The best savings account for your deposit
Article
Read more...Give Your Littlest Valentine the Gift of a College Savings Plan
Help Cover Your Loved Ones' Cost of College With a ScholarShare College Savings Account
Read more...Health Savings Accounts Help Consumers Save on Their Taxes and Health Care
As 2011 W-2 forms and 1099s start arriving in mailboxes throughout the country, now is the time to remind taxpayers with health savings accounts that they have until April 1
Read more...Highest Savings Account and Money Market Interest Rates Pay About Four Times the National Averages
The fourth-quarter installment of America’s Best Rates by personal finance website MoneyRates.com shows that the highest interest rates in the U.S. for savings and money market accounts were about four times the national averages found in its survey. The highest rates offered by banks were in some cases 100 times the lowest interest rates surveyed, and online banks offered better returns than ...
Read more...Those Incredible Shrinking Savings Account Rates
Rates offered on basic savings accounts are small, and getting smaller.
Read more...Virgin Money Launches Two New Savings Products
NEWCASTLE UPON TYNE, England, February 6, 2012 /PRNewswire/ --Virgin Money has announced the addition of two new accounts to its growing range of savings products. The new Virgin Fixed Rate Bond and Virgin ...
Read more...The best ways to save for the short term
Here are the best ways to save if you think you'll want to access your cash in the near future.
Read more...Subtle 401(k) Mistakes Many People Make
Missing out on an employer 401(k) match is the most obvious retirement savings mistake many workers make. But there are plenty of more subtle ways investors reduce their chances of having a comfortable retirement. Below are a few common retirement savings mistakes to avoid.
Read more...