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Welcome to Savings Guide

 

Orange Savings Bank Article

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Daylight Savings

from:

Introduction

The concept of day lights savings basically involves the practice of advancing the clock time to enable the afternoons to have more of day light than the mornings.

Done with an aim to conserve maximum amount of energy, this concept is said to have its foundation during World War I, with the objective to utilize the late hours to the maximum for the purpose of war production.

The Procedure

As per the system of daylight savings time, the clocks are set one hour ahead of the standard time at 2 a.m. on the second Sunday of March every year. This trend goes on till November, when the clocks are again set back by one hour at 2 a.m. on first Sunday of the month.

Experts suggest this procedure actually causes general sleeping time to get proponed by an hour which means that an equal amount of energy for lighting and other purposes at home is saved. Also known as the summer time in British English, the concept of daylight savings is often referred to as ‘spring forward’ or ‘fall back’ in informal terms.

In this period of six-and-a-half months of daylight savings, the names of each of the time zones in the US are also changed. Hence, the Central Standard Time or the CST becomes Central Daylight Time; the Eastern Standard Time would be changed to Eastern Daylight Time and so on.

The patterns followed for adherence to the system of daylight savings might differ across various regions. For instance, in the Southern hemisphere, where the month of December witnesses the summer time, the daylight savings time is observed from October to March. New regulations and declarations are issued from time to time by the governments of various regions that define the implementation of the concept of the daylight savings in those particular regions and also explain the difference in the time patterns based in the concept.

One can easily find a number of mentions of the famous mechanism of daylight savings throughout history. The entire cycle of business and human activity gets affected once this system is brought into force. Every possible activity gets rescheduled and hence the supposed benefits come into play.

However, there are varied opinions about the supposed benefits of the daylight savings concept. Some experts insist that this concept actually leads to loss of time and efficiency, while others believe that in reality, this concept leads to a greater time for outdoor activity in the afternoons. While the opinions might differ, yet the concept of daylight savings continues to be fully in force in all the major regions of the world.

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Other Orange Savings Bank related Articles

Savings Calculator
Savings Account
Day Light Savings Time
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Orange Savings Bank News

Pinehurst swears in new mayor, councilmen - TheRecordLive.com


Pinehurst swears in new mayor, councilmen
TheRecordLive.com
The council voted to retain the current line of credit with Orange Savings Bank. Mohon did not vote on the issue. “I will not vote on this issue, as I serve as a director of the bank and do not want anyone to think there is a conflict of interest,” ...

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ING Direct Adds New Savings Tool - New York Times (blog)


New York Times (blog)

ING Direct Adds New Savings Tool
New York Times (blog)
The tool, called “My Savings Goals,” begins today and is available with the bank's Orange savings account as well as its Kids savings account. With the new tool the bank's customers can, for instance, decide how much they'd like to save and when they'd ...

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CapitalSource Bank to open new retail office in Seal Beach - Orange County Breeze


CapitalSource Bank to open new retail office in Seal Beach
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CapitalSource Bank specializes in FDIC-insured certificates of deposit, IRAs, savings and money market accounts, and provides personalized sit-down banking service to its retail customers. CapitalSource Inc. (NYSE:CSE), through its wholly-owned ...

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"My Savings Goals" From ING DIRECT USA Makes Saving Simpler and Controlling ... - MarketWatch (press release)


"My Savings Goals" From ING DIRECT USA Makes Saving Simpler and Controlling ...
MarketWatch (press release)
ING DIRECT USA and Capital One today launched My Savings Goals, a tool to help Orange Savings Account(SM) and Kids Savings Account(SM) Customers plan and save for every aspect of their lives. Getting on the Savings JourneyThe new My Savings Goals tool ...

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Greek cash withdrawals raise fear of run on banks - Los Angeles Times


Greek cash withdrawals raise fear of run on banks
Los Angeles Times
She is offered tea, cookies and orange juice, none of which the state bank usually provides, and none of which Eva accepts. "I'm concerned," says the 82-year-old, who declined to give her last name because she was involved in a private transaction.

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