...Davos is known as the spiritual home of globalization where some of the wealthiest decision-makers of the planet meet up. The Swiss ski resort hosts the annual meeting of the World Economic Forum. The forum focuses on improving the state of the world as the article states. The main point of this article is globalization and that more integration is better. Trying to make this happen had been rather difficult especially because of the financial crisis that struck back in 2008. Serious questions rose about whether globalization was more of a threat than a benefit. One major problem has been trade, which plummeted after the crisis, and is it only now getting better. Unfortunately there is no other way to say it but globalization has stalled. There are many risks when it comes to cross-border trades and investors are getting more intimidated. Joachim Fels warned that 2014 could potentially be a repeat of 1914, which brought a rapid end to the first golden era of globalization. The view from Davos is different which means not all is lost. Trade talks seem to be the common topic of discussion and negotiators are making progress toward the TPP on one side of the world and the TTIP on the other side. If the Pacific and Atlantic trade deals get completed and ratified that would amount to the largest trade liberalization from a negotiating process in the history of mankind. Negotiators recognize that they need to keep moving forward to be able to make this possible and if not everything...
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...The signs of greater confidence in the economic and equity outlook lend an upbeat tone to this week’s five-day gathering in Davos, Switzerland of 2,500 executives, policy makers, investors and academics. Delegates include German Chancellor Angela Merkel and European Central Bank President Mario Draghi, both of whom won praise in the poll. Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd Blankfein and billionaire investor George Soros will also be there. “There’s a great sense of relief we dodged a lot of bullets in 2012 -- we didn’t go off the fiscal cliff in the U.S., Europe didn’t have a meltdown and China didn’t have a hard landing,” said Nariman Behravesh, chief economist at IHS Inc. (IHS) in Lexington, Massachusetts, who will be in Davos. “There are definitely pockets of good news with recoveries in North America and parts of Asia gathering momentum.” U.S. economic activity picked up across much of the country last month, boosted by automobile and home sales, the Federal Reserve said on Jan. 16 in its Beige Book survey of business conditions. U.S. Effect The improvement in the U.S. is having a “positive effect throughout the world,” according to Sriram Srinivasan, chief executive officer of Wall Street Investment Management in Chantilly, Virginia, and a poll respondent. The global economy is in its best shape since May 2011, according to the survey, with 35 percent of those contacted saying it is getting better. That’s about twice the number who say the...
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...dangers facing the planet. Due to human made green house gas emissions, from a decade to another global average temperature is increasing, sea level is rising, world hunger is increasing and super-storms spawned putting our present and future under a serious threat decreasing the possibility for our children and grandchildren for living in livable cities. At World Economic forum 2014 held in Davos on the 24th & 25th of January 2014, the climate change was at the top of the agenda. “In corporate boardrooms and the offices of CEOs, climate change is a real and present danger. It threatens to disrupt the water supplies and supply chains of companies as diverse as Coca-Cola and ExxonMobil. Rising sea levels and more intense storms put their infrastructure at risk, and the costs will only get worse,” Jim Yong Kim the President of World Bank said. Jim Yong Kim, the 12th President of World Bank called on the government leaders and Institutional investors for a serious act toward the climate change danger and climate mitigation and adaptation projects before it’s too late. “The leaders here in Davos, both from the private sector and from governments, have in their power to act in substantive ways. Now is the time to act for future generations before it is too late.” (Jim Yong Kim, 2014) Kim urged for putting a price on carbon, having financial regulators require companies and financial institutions to assess their exposure to climate related risks and disclose it besides doubling the...
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...http://wiki.sdn.sap.com/wiki/display/ABAP/ best link for abaper Working with Multiple dynamic internal tables By Bhumika Mahawar, YASH Technologies The main objective of this article is not to show how to display two ALV’s on a single page rather it mainly focuses on the use of dynamic tables in ALV. My requirement was to create two dynamic table and display data into them. The first dynamic table was created in the same way as already known using the method “create_dynamic_table” but the problem was the second dynamic table creation. To do this, you don’t need to use the same method again rather the RTTC concept helps us in the same. The below code illustrates the same and displays the data in an ALV as shown in the diagram below. REPORT ztest. **** Data declarations DATA: dtab TYPE REF TO data, newstr2 TYPE REF TO cl_abap_typedescr, tab_type1 TYPE REF TO cl_abap_tabledescr, lref_ditab TYPE REF TO data, lref_new_line TYPE REF TO data. **** Field-Symbols declarations FIELD-SYMBOLS: <fs_dyn_tab1> TYPE ANY TABLE, <fs_dyn_tab2> TYPE ANY TABLE, <fs_dyn_wa> TYPE ANY. **** Field Catalog declarations DATA: ...
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...Intangible/Intellectual Property. Define these three types of property in daily business terminology, and give examples of each such property. (Points : 30) Question 2. 2. (TCO I) A group of Oil Traders from Switzerland who partnered with their American counterparts, sought to gain control of Russian Oil Exports from the highly productive areas in West Siberia. Rather than having to bid on a dollar per barrel of oil basis every day for the 2 million barrels per day of oil that was exported from this highly productive area, the traders invited the regional executives of the Russian oil production districts to meet with them in Davos, Switzerland. The oil traders sent a chartered airliner to Moscow to transport the Russian oil executives to Geneva, and then provided rail transport to Davos, for a five-day series of business meetings. Each day involved a skiing trip on the slopes of Davos for the oil executives accompanied by a trained skiing instructor. The business meetings were limited to about 1 hour per night, following an elegant evening dinner. The Swiss Oil Traders’ and their U.S. Partners’ defense of this entertainment was that there was no direct payment to the Russia oil executives, and therefore not a violation of the Foreign Corrupt Practices Act. Do you think this is a violation of the FCPA? There is no exchange of payments, but is such elaborate entertainment acceptable under the FCPA? (30...
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...------------------------------------------------- Facebook * ------------------------------------------------- Twitter * ------------------------------------------------- Instagram * ------------------------------------------------- YouTube ------------------------------------------------- Recommended Fed Liftoff Has Futures and Economists at Odds for Next Week The U.S. Economy Is Just Starting to Tap Into a Big Source of Dry Powder One Chart That Shows How Petrified Everyone Is Over China * $236 billion spent boosting stocks, reserves down $286 billion * Mizuho sees fixed asset investment of $1.6 trillion in 2-3 yrs Share on FacebookShare on Twitter When Premier Li Keqiang took the stage Thursday at the World Economic Forum’s “Summer Davos” meeting in Dalian, he told business leaders that although China faces challenges, growth is on track and fundamentals remain sound. The upbeat message is all part of a ‘New Normal’ narrative from China’s leadership as the economy transitions from relying on heavy industry and debt to one driven by consumption and services. What Li didn’t mention was the spiraling bill associated with keeping the economy on course to hit the Communist Party’s growth target of about 7 percent for this year. From building bridges and highways to shoring up the nation’s currency and stock markets, China is rolling out hundreds of billions of dollars in its biggest stimulus since the package that followed the 2008 global financial crisis. More spending is coming...
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... January 6, 2013 | The A-Rod E-Mails The slugger and the suit: a baseball bromantic tragedy. December 9, 2013 | Chasing A-Rod The struggle between Major League Baseball and one of its greatest hitters over steroids is total war—fought with six-figure payoffs in the tanning salons and strip malls of South Florida. October 21, 2013 | Features Post Mortem A (somewhat premature) newspaper autopsy. June 24, 2013 | Features Nelson Castro in the Machine Created by the Bronx political Establishment—then sent out by the D.A. with a recorder to try to bring fellow politicians down. May 13, 2013 | Features Al Gore’s Golden Years The almost president has become the ultimate Davos Man, a moral entrepreneur and richer than Mitt Romney. March 4, 2013 | Features The Dean of Corruption Cecilia Chang, the St. John’s fund-raiser who committed suicide after her epic fraud was exposed, tried to keep her superiors happy with gifts of watches, vacations, custom suits, and fine wine. It worked, for a while. September 24, 2012 | Features We’re Going to Take Over F---ing Hollywood Armed with the story of the Teflon Don, John Gotti Jr. and his new crew are trying to make the movie business an offer it can’t refuse. June 11, 2012 | Features “Hello, I Am Sabu ... ” From a housing project on Avenue D, a hacker mastermind of Anonymous and LulzSec was out to upend many worlds. Including his...
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...have caused revolutions to occur within a nation. This will occur in the next generation unless drastic measures are taken to reverse the current trend. In the article by Hanauer, he offers his solution to the crisis, which is to raise minimum wage and provides examples of San Francisco and Seattle as prove that it will work. While this may not be the full solution to the problem at least he offers a solution. Global Citizen and Sacrifices This book accurately portrays the mindset of the super-elite that they are global citizens. Several examples are provided but one particular example was extremely interesting. According to the wife of one American fund managers, he can find his way around Davos easier than his hometown of Manhattan because he cannot be chauffeured around Davos in a limousine due to its narrow streets, forcing him to walk. This is interesting because it displays how frequent one must travel around the world once they have become a plutocrat, and therefore these individuals lose valuable time with their family. As a result, this life does not seem appealing to someone that would prefer to spend time with one’s family. Another portion of the book that depicts the so-called sacrifices that plutocrats must make in their personal life, while also cementing the concept of a global citizen, are the sections titled “Orphans of Capital” and “A Machine for Destroying the Ego.” Both sections discuss the long hours that plutocrats have to work in their respective...
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...IB Economics SL - Internal Assessment [Draft 1] Front Cover EF International Academy New York Candidate Name Candidate number Teacher Title of the article Avaneesh Chotalia T. Barnes Growth Accelerates, but U.S. Has Lots of Ground to Make Up NY Times http://www.nytimes.com/2012/01/28/ business/economy/us-economy-growsat-modest-2-8-percent-rate.html? _r=1&ref=grossdomesticproduct January 27, 2011 January 14, 2012 Source of the article Date the article was published Date the commentary was written Word Count (750 word maximum) Section of the syllabus the article relates to 627 Macroeconomics ! ! Growth Accelerates, but U.S. Has Lots of Ground to Make Up Scott Eells/Bloomberg News A welder at a Alstrom Heat Transfer in New York City. If the economy sustains its speed, it could ease the unemployment crisis. By CATHERINE RAMPELL Published: January 27, 2011 The American economy picked up a little steam last quarter, growing at its fastest pace in a year and a half. Whether it can sustain that momentum is critical to millions of Americans out of work — and perhaps President Obama’s re-election chances. The New York Times The nation’s economic output grew at an annualized rate of 2.8 percent in the fourth quarter, the Commerce Department reported Friday, probably putting to rest last summer’s fears that a second recession was imminent. Other reports this week on manufacturing and consumer sentiment offered similar, if mild, encouragement...
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...Coca-Cola Company A. Case Abstract Coca Cola (www.cocacola.com) is a comprehensive business policy and strategic management case that includes the company’s fiscal year-end December 2006 financial statements, competitor information and more. The case time setting is the year 2007. Sufficient internal and external data are provided to enable students to evaluate current strategies and recommend a three-year strategic plan for the company. Headquartered in Atlanta, Georgia, Coca Cola’s common stock is publicly-traded on the New York Stock Exchange under the ticker symbol KO. Coca Cola operates in over 200 nations around the world and sells carbonated and non carbonated beverages. Coca Cola’s line of non carbonated drinks includes: water, juice, and teas. The company has over 70,000 employees and is led by CEO Neville Isdell. The Coca-Cola Company’s (Coke’s) operating segments include 1) Africa, 2) East, South East Asia & Pacific Rim, 3) European Union, 4) Latin America, 5) North America, 6) North Asia, Eurasia, and the Middle East, and 7) bottling investments. Not all soft drink products/flavors of the company are available in all the operating groups. The Coca-Cola Company has two major rivals: PepsiCo and Cadbury Schweppes PLC. It’s interesting to note that PepsiCo has more that double the employees as Coca-Cola as listed in Exhibit 6. Groupe Danone competes to a lesser degree with C ...
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...Have more than you show, speak less than you know. 怀壁慎显，博学谨言。 ---William Shakespeare I was thinking to give a speech on stuff like this: When the whole world is about to rain, let’s make it clear in our hearts. But then I thought, no, the thing I want to show you is something more meaningful in some way. Before Jack Ma wows the world in the day Alibaba go public, he has become my hero for a long time. As we all know that in his early years, his perception of internet and business was beyond the time. And I am also surprised to find that he is such a fluent English speaker that he can answer the question raised by the reporter without a interpreter standing by. Especially when he had a talk at Davos Forum, his sense of humor and confidence impressed me a lot. So I reflected a lot on this, Jack Ma seems talk none stop and being so high profile, why his appearance is so interesting and we all love it? In my perspective, what he shows to us ,to the world is just a little thing, compared to his vast spiritual world. In order to learn English well, everyday he volunteered to be a guide tour for the tourists from abroad for 9 years. When his companies ran into a trouble, he even thought of giving up for many times. At first he just knew a little about the internet, but after many years of searching, he became china’s internet godfather. More often than not, with an intention of earning a place among so may people,sometimes people are eager to show off their success. Maybe you...
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...manifesto, before the 13th General Election. "Even though a new tax is being introduced, Prime Minister Datuk Seri Najib Razak had committed to reducing corporate as well as personal income tax. "This shows that the government wants a balance in every move that it makes, whether economically or politically," said Jala, who also heads the Performance Management & Delivery Unit (Pemandu). Meanwhile, he denied claims that the pre-election promises made by the government, will increase the debt to gross domestic product (GDP) ratio, from the current 53 per cent. He said the government is committed to maintaining its debt at well below the 55 per cent debt to GDP ceiling that it had set before this. "At the World Economic Forum in Davos, when I proposed this Malaysian mechanism of keeping 55 per cent as a ceiling for debt to GDP, many world economists and leaders said...
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...Citizen’s dividends, unconditional monthly grants, or free money to everyone. This is what a universal basic income (UBI) has been called in other names. The notion of a universal basic income has been literally everywhere for a very long period, at least since the aftermath of the world war I. A UBI is an income given without any strings attached to every adult and child (or in some version, only citizens) to provide at least an adequate level of resources. A basic income guarantees each citizen an income sufficient to meet his or her basic needs. The money would be given even regardless of whether the recipients are in the jobs or not. Strikingly for UBI, it is not mean-testing benefits, meaning that no family stuck in poverty traps where benefit withdrawal erodes any increase in earning. Yet, there are many critics of a universal basic income, the most common one is the cost objection. It argues that the cost of providing everyone with an adequate income floor, beneath which no one would fall us out of reach for governments and public finance. Other critics pointed out at some deficiencies that the incentives for people to work would be somewhat eliminated. Yet, what many critics seem to not recognize is that many objections is usually based on inadequate and misleading information, and that the current system of welfare is being implemented obsoletely and ineffectively. In this paper, first, I will demonstrate reasons why the idea of a universal basic income, in terms of...
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...By definition, a leader is someone who guides, directs and inspires people. From Julius Cesar, to Napoleon all the way to Steve Jobs, many influential people have been pinpointed as great leaders throughout history. These people have been scrutinized, thoroughly studied in an attempt to understand what makes a great leader, what makes someone an inspirational, influential person. There is a multitude of different theories and models of leadership, which evolve or become outdated as the world changes and studies multiply. For instance, in the 1930s, the developed trait theory of leadership focused on specific physical and psychological attributes positively correlated to leadership effectiveness. In this view, people are ‘born’ leaders dividing the population into leaders and non-leaders. Early trait theorists assumed that one’s personality defined their potential to be great leaders no matter the context. As a result, the situational approach to leadership emerged and the focus turned to behaviors around the 1960s. As opposed to the traits theory, it gave leadership a dynamic dimension: the environmental factors play a role in dividing people into leaders and followers. Rather than personality traits, the situational approach studied human behavior. Building on these approaches, the contingency theory defined three styles of leadership: the authoritarian, democratic and laissez-faire leadership styles, that each were suited to certain situations. Later on, Fred Fiedler distinguished...
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...Use of the Cusum technique for evaluation of a CT based navigation system for total knee replacement (TKR) Praemer et al30reported that in 1996, 245,000 total knee replacements (TKRs) were done in the United States. They estimated that the projected increase in TKRs in the United States will be 209,000 between 1996 and 2030. Most of the early failures of TKRs are related to technical flaws. Experimental and clinical data indicate that to achieve optimal midterm and long-term results of a TKR, good alignment in /the frontal plane of the lower limb is mandatory. In an experimental study, Hsu et al 14showed that a femoral component in 7° valgus, with the tibial component placed at 90° to the long axis of the tibia, was the best position for the total condylar knee and produced equal force distribution between the medial and lateral plateaus. For the Kinematic knee, the best position was 9° valgus for the femoral component with 2° varus of the tibial component. A clinical association between failure of TKR and malalignment seems likely. Ritter et al 32 reported that varus knees had a lower survival at 10 years than aligned or valgus knees. Jeffery et al,16 with the first design of the Denham prosthesis, reported that at 12 years the incidence of loosening was 3% when, on long-leg standing radio-graphs, the line joining the center of the femoral head to the center of the body of the talus passed through themiddle1⁄3of the knee prosthesis. The incidence of loosening was 24%...
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