The document summarizes the global financial crisis of 2008 and its impact. It discusses [1] how major banks around the world incurred huge losses and write-downs from the crisis, with Citigroup and Wachovia facing over $60 billion in losses. [2] It describes how the crisis led to a global recession, with stock markets and economies around the world declining sharply. [3] It then outlines some of the effects of the crisis in India, such as layoffs, falling corporate confidence, and the Indian media and entertainment industry being badly hit by recession.
Economic update – Keith Wade’s presentation at the LBS Investing Strategy event London Business School
Keith Wade is Chief Economist and strategist at Schroders. He is responsible for the economics team and the house view of the world economy. Prior to joining Schroders he was a researcher at London Business School's Centre for Economic Forecasting. In the presentation he discusses the current economic cycle, the likely trajectory and investment options for pension schemes having long term outlooks but short term pressure to manage volatility.
The “Investment Strategy 2013: Peering into the Crystal Ball” event was organised by The Pensions Management Institute and London Business School’s Alumni Club. It took place on 8 October 2012.
Financial Analysis - Banque Cantonale Vaudoise - Banque Cantonale Vaudoise (BCV) attracts deposits and offers retail, private, and corporate banking services. BCV operates primarily in the Canton of Vaud.pdf
Economic update – Keith Wade’s presentation at the LBS Investing Strategy event London Business School
Keith Wade is Chief Economist and strategist at Schroders. He is responsible for the economics team and the house view of the world economy. Prior to joining Schroders he was a researcher at London Business School's Centre for Economic Forecasting. In the presentation he discusses the current economic cycle, the likely trajectory and investment options for pension schemes having long term outlooks but short term pressure to manage volatility.
The “Investment Strategy 2013: Peering into the Crystal Ball” event was organised by The Pensions Management Institute and London Business School’s Alumni Club. It took place on 8 October 2012.
Financial Analysis - Banque Cantonale Vaudoise - Banque Cantonale Vaudoise (BCV) attracts deposits and offers retail, private, and corporate banking services. BCV operates primarily in the Canton of Vaud.pdf
Skeptics in the Pub talk slides - Prof. Edzard Ernst 2011-09-13Nick Sharratt
Slides from the talk given by Prof. Edzard Ernst to the Plymouth Skeptics in the Pub group 13th Sept 2011
Images removed which may otherwise breach (c)
Slides with a green background are explained to be tongue in cheek. Yellow backgrounds are "take home messages"
Skeptics in the Pub talk slides - Prof. Edzard Ernst 2011-09-13Nick Sharratt
Slides from the talk given by Prof. Edzard Ernst to the Plymouth Skeptics in the Pub group 13th Sept 2011
Images removed which may otherwise breach (c)
Slides with a green background are explained to be tongue in cheek. Yellow backgrounds are "take home messages"
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
15. 20
30
40
50
60
70
10
0
Citigroup 60.8
Wachovia 52.7
Source: Financial Times
Merrill Lynch 52.2
Washington Mutual 45.6
UBS 44.2
HSBC 27.4
Bank of America 21.2
JPMorgan Chase 18.8
Morgan Stanley 15.7
IKB Deutsche 14.3
Royal Bank of Scotland 13.8
Subprime losses by Big Banks
Lehman Brothers 13.8
Deutsche Bank 10.1
Credit Suisse 10.1
Wells Fargo 10
Crédit Agricole 8.6
Barclays 7.5
Canadian Imperial Bank of Commerce 7.1
Fortis 6.9
Bayerische Landesbank 6.7
HBOS 6.6
ING 6.5
Total write downs and credit losses since Jan 2007 ($bn)
Société Générale 6.4
Mizuho Financial Group 6.1
18. We have entered a severe recession that may last for years, and
may develop into a depression.
NASDAQ
Dow Jones
It’s a global recession:
Switz
UK France Germany
China
Russia
Brazil
Japan Australia
all charts for last 12 months; from bloomberg.com
27. Indian Entertainment and Media Industry badly hit by recession
For a sector that saw a 20 per cent growth in the heady two years before the financial meltdown recession
•Advertisers in real estate, banking, insurance and mutual
and painful advertising cuts has hit them the hard.
funds cut advertising budgets by 35-40 per cent
•Major advertisers in categories such as real estate, banking, insurance and mutual funds have reduced
advertising budgets by 35-40 per cent.
•Overall, advertising revenues are down by 25 per cent.
•Overall, advertising revenues are down by 25 per cent.
•Many media Delhi operations for two film shop
•UTV Software has shut thehouses are shutting and two youth channels and has asked 80
employees to leave.
•Employees are being shown Colors and CNBC-TV18 has given pink slips to over 50
•The Network18 group that owns channels such asthe pink slip
analysts and writers, who were hired for its e-broking joint venture with Ambit Finance and Centurion Bank.
•Advertising market
•Outlook group is up for sale expected to be in the slump for the next
•India Today has closed Bengali edition - will restart spends conditions improve.
3 years with 50% reduction in when market
•Business Standard has shut down its Gujarati edition.
•General entertainment channels, which could end up with an average annual loss of more Rs 300 crore.
•The INX network has huge distressed assets while NDTV is planning to raise more funds from the market.
28. Indian Media & Entertainment Industry CAGR 2009-2013
20000.0
18000.0
16000.0
14000.0
CAGR Growth %
12000.0
10000.0
8000.0
Growth in Adspend to reduce over the next 5 years
6000.0
4000.0
2000.0
0.0
CAGR % 2006- CAGR % 2009-
2009P 2010P 2011P 2012P 2013P
08 13
Television 16.7 8820 9710 11260 13170 15550 13.5
Print 16.0 11480 12380 13650 15360 17430 10.0
Radio 19.7 920 1030 1190 1390 1630 14.2
Internet 45.2 840 1100 1370 1710 2140 27.9
OOH 17.3 1770 1980 2240 2550 2930 12.8
Source : Group M & KPMG 2009
30. Category split OOH 2007-2008
Automotive
FMCG 3%
Others
4%
5%
Entertainment and
Media
11%
Telecom Services
43%
Real Estate
13%
Banking & Financial
Category
21%
31. How do we get through it?
• Manage business on cash flow basis
• Increase efficiency of asset turnover; increase liquidity
• Intensify customer service initiatives
• Become innovative in controlling costs
– Outsource where appropriate
– Join Co-ops to spread costs over larger group
– Work together to achieve greater efficiencies
• Look for new ways to leverage existing employees and
infrastructure by investigating new ways of enhancing revenue or
exploring new products and markets. Be a solutions provider
• Secure access to bank credit; firm up bank lines
32. What’s on the other side?
• 2009 – The worst is yet to come
– Housing, infrastructure, real estate for a bad year
– Bank loan losses and liquidity crunch
– Unemployment peaks in the second half of this year
– Weak exports as the world is in a state of protracted recession
– Lower Energy Prices alleviate pressure on consumer spending – but
virtually no economic growth or recovery or demand
• New Government at the Centre
– Increased economic “bailout” and middle class spending programs.
Increased fiscal budget deficits. Can go upto 12% of GDP
– Chances of a hung assembly. Lack of decision
– GDP growth to hover between 4.5-5%
33. What’s on the other side?
• 2009 – Business
– Cost of goods declines from current levels as interest rates, labor costs and
commodity prices decline but business is facing zero consumer and
business demand.
– Corporate profits decline for most of this year
– Weak consumer spending
– Crisis of confidence in consumers, banks, corporate
– Banks highly risk averse and hence availability of loans difficult.
• August-September 2011 – Economy Makes Gradual
Cyclical Recovery
– Increased employment = increased consumer spending
– Increased Corporate Sales = increased corporate profits = increased capital
spending
– Increased interest rates and rising prices from higher demand and
continuing fiscal budget deficits
34. Future of Indian Outdoor Media????????
Economic slowdown effects city’s hoarding business – Indian Express, March
2009
The writing on the wall is clear!
Conserve cash or Perish!
Billboard prices across Mumbai, Hyderabad, Bangalore, Delhi have fallen by 30-
40% at least. Mahim Casusway where rentals were once Rs 12-15 lakhs per
month are now Rs 7-8 lakhs and in Peddar Road which was around 12 lakhs, is
now Rs 5-6 lakhs per month. The situation within the industry is one of panic.
Privately owned hoardings are trying to hold on without compromising on
their margin. There is blood everywhere.– Financial Express, February 2009
35. Will recession be the doomsday
for the growth of Out Of Home?
OR
We will be prudent, conserve
cash and survive!
Lets wait and watch
THANK YOU
For details contact :- yuvraj@laqshya.com