I learned in class today that throwing water on kitchen fire can cause the entire kitchen to explode. Why does the entire kitchen explode? I'm curious.
I found that the only answer in my case was to buy a de-humidifier,
Make sure it is mold. You can get test kits at the hardware store to confirm this. A humidity of 50% should not be an issue for mold. If it is only on leather I would look into other causes. Mold loves dark, damp, and humid places. Again, test for mold, if it comes out negative you have spotting on your leather due to other issues. An aerosol air fresher for example can stain leather.
The answer is -Avoid currency controls -it's one of the biggest problems for multinational companies. It's a legal mandate by the host country making repatriation of profits (for example) sometimes impossible. The others: Taxation can be reduced by taking advantage of double dip tax agreements between countries. These are set up to attract foreign investment -so the holding company will set up a subsidiary in a country where the double dip tax arrangements are most favourable. Accessing lower cost financing sources is a must for any corporate treasurer- it is his job to find the cheapest source of finance available for short and long term borrowing requirements and to lower the company's cost of capital. This has expanded greatly in the last 2 decades- many companies access the international capital markets e.g. commercial paper, bond markets and seek listings for equity (e.g. NYSE etc). Avoiding exchange rate risk is also one of the major tasks of the multinational corporate treasurer. It can be achieved through a whole host of derivatives-some complex and some straightforward. It's called hedging and has been done for years.
