This document discusses the economic recession and its various causes. It analyzes factors like the housing crisis leading the recession, overleveraged financial institutions, falling asset prices, and a weak household balance sheet both in the US and globally. It examines how productivity growth, central banks, and foreign purchases of treasuries contributed to rising debt levels and a consumer-driven economy in the US. It concludes that the current crisis is secular in nature rather than a normal cycle and will take time to recover from.
This document discusses the economic crisis and recession. It analyzes multiple factors that contributed to the problems, including the housing crisis, overleveraged financial institutions, falling asset prices, and a weak household balance sheet both in the US and globally. It examines trends in areas like inflation, interest rates, home prices, mortgage originations, derivatives, and consumer spending to explain how imbalances developed over time. The document concludes that this crisis is more secular and global in nature rather than a "normal" crisis, and will take time to work through reduction of debt and risk.
capital oneSanford C. Bernstein & Co. Strategic Decisions Conference Presenta...finance13
This document discusses Capital One's approach to risk management and positioning for economic cycles. It notes that Capital One has transformed into a diversified bank with significant deposit funding. Capital One assumes recessions and degradation in underwriting and saves repricing for safety and soundness rather than assuming good times will continue. The document also discusses how different lending segments such as credit cards have performed relative to others such as auto loans during past economic downturns.
The local housing market report for Austin, Texas in the third quarter of 2009 found:
- The median home price was $189,100, down slightly from a year ago but higher than the national median of $177,900.
- Existing home sales growth remained sluggish at -1.9% compared to 5.9% nationally.
- Job losses continued in Austin but at a lower rate than the national average, and the unemployment rate of 7.2% was below the 9.8% national rate.
- Housing affordability was better than historical averages and stronger than the national market due to lower mortgage payments as a percentage of income.
- The median home price in the Portland area declined 13.9% over the last year to $246,200 as of Q2 2009, continuing a weakening trend.
- Local job losses over the last year were sharp at -56,800 (-5.5%), contributing to weak housing demand.
- Mortgage rates remain low while affordability is improving, with the monthly mortgage payment-to-income ratio at a historically strong 15.4% in Q2 2009.
- Foreclosure rates on prime loans are low at 0.4% while rates on subprime and Alt-A loans show large local increases compared to a year ago but remain below national averages.
The document discusses opportunities in Mexico's aerospace industry for foreign investment. It notes that aerospace companies are increasingly locating operations in Mexico to take advantage of lower wages and an increasingly skilled workforce. Mexico's aerospace exports have more than tripled since 2004. Companies like Bombardier and Goodrich have established new factories in Mexico to manufacture aircraft parts at significantly lower costs. The electronics and automotive industries have also seen major investment and growth in Mexico due to competitive advantages like labor costs and geographic proximity to the US market.
This document discusses the economic crisis and recession. It analyzes multiple factors that contributed to the problems, including the housing crisis, overleveraged financial institutions, falling asset prices, and a weak household balance sheet both in the US and globally. It examines trends in areas like inflation, interest rates, home prices, mortgage originations, derivatives, and consumer spending to explain how imbalances developed over time. The document concludes that this crisis is more secular and global in nature rather than a "normal" crisis, and will take time to work through reduction of debt and risk.
capital oneSanford C. Bernstein & Co. Strategic Decisions Conference Presenta...finance13
This document discusses Capital One's approach to risk management and positioning for economic cycles. It notes that Capital One has transformed into a diversified bank with significant deposit funding. Capital One assumes recessions and degradation in underwriting and saves repricing for safety and soundness rather than assuming good times will continue. The document also discusses how different lending segments such as credit cards have performed relative to others such as auto loans during past economic downturns.
The local housing market report for Austin, Texas in the third quarter of 2009 found:
- The median home price was $189,100, down slightly from a year ago but higher than the national median of $177,900.
- Existing home sales growth remained sluggish at -1.9% compared to 5.9% nationally.
- Job losses continued in Austin but at a lower rate than the national average, and the unemployment rate of 7.2% was below the 9.8% national rate.
- Housing affordability was better than historical averages and stronger than the national market due to lower mortgage payments as a percentage of income.
- The median home price in the Portland area declined 13.9% over the last year to $246,200 as of Q2 2009, continuing a weakening trend.
- Local job losses over the last year were sharp at -56,800 (-5.5%), contributing to weak housing demand.
- Mortgage rates remain low while affordability is improving, with the monthly mortgage payment-to-income ratio at a historically strong 15.4% in Q2 2009.
- Foreclosure rates on prime loans are low at 0.4% while rates on subprime and Alt-A loans show large local increases compared to a year ago but remain below national averages.
The document discusses opportunities in Mexico's aerospace industry for foreign investment. It notes that aerospace companies are increasingly locating operations in Mexico to take advantage of lower wages and an increasingly skilled workforce. Mexico's aerospace exports have more than tripled since 2004. Companies like Bombardier and Goodrich have established new factories in Mexico to manufacture aircraft parts at significantly lower costs. The electronics and automotive industries have also seen major investment and growth in Mexico due to competitive advantages like labor costs and geographic proximity to the US market.
Presentation referenced by Richard Yamarone of the Bloomberg Economic BRIEF, at the 2012 Texas Financial Market Roundtable sponsored by Professor Lewis Spellman at the McCombs School of Business, The University of Texas at Austin. Mr. Yamarone is the author of "The Trader's Guide to Key Economic Indicators."
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel ConferenceAnglo American
We aim to deliver a future with real and sustainable value. Read our presentation as delivered by Cynthia Carroll, Chief Executive, Anglo American, at the Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference.
You can find out more about Anglo American here:
http://www.angloamerican.com/
http://www.facebook.com/angloamerican
http://www.twitter.com/angloamerican
http://www.youtube.com/angloamerican
http://www.flickr.com/photos/angloamerican
http://www.linkedin.com/company/anglo-american
Anglo American: Deutsche Bank BRICS Metals and Mining ConferenceAnglo American
Chief Executive Cynthia Carroll presented at the Deutsche Bank BRICS Metals and Mining Conference in London.
You can find out more about Anglo American here:
http://www.angloamerican.com/
http://www.facebook.com/angloamerican
http://www.twitter.com/angloamerican
http://www.youtube.com/angloamerican
http://www.flickr.com/photos/angloamerican
http://www.linkedin.com/company/anglo-american
Eletropaulo reported a loss of R$ 324.1 million in 3Q05 compared to a net income of R$ 136.8 million in 2Q05. Key factors included a tariff adjustment of 2.12% effective July 4, 2005, the issuance of R$ 800 million in debentures in September, and a significant increase in operating expenses including a R$ 346.4 million provision for doubtful debts. While revenues declined, expenses rose due to higher personnel costs, increased tariff quotas, and the amortization of regulatory assets, leading to a large quarterly loss despite an adjusted EBITDA of R$ 400.3 million.
Presentation, Economic Outlook for 2013 and Beyond, presented by Michael Brown, Wells Fargo Securities, presented at Winter 2012 NCLGBA Conference, 12/7/12
The global economic outlook points to a moderate expansion rather than a double-dip recession. Recovery has slowed in major economies due to fiscal restraint, tight credit conditions, high unemployment in the US, and cooling growth in emerging markets. Constraints on growth coupled with strong commodity prices supporting the Canadian dollar suggest the economic expansion over the coming year will be a "single slog" rather than a robust recovery.
The Rethinking US Agricultural Policy: Changing Course to Secure Farmer Livelihoods Worldwide slideshow gives a brief overview of policy barriers farmers face and smart solutions.
- Growing income inequality in the decades before the 1929 and 2007 crises simultaneously increased demand for credit from the lower/middle classes to maintain living standards and supply of credit from high income groups seeking investment opportunities.
- Inequality and household leverage both sharply increased together in the periods preceding the two crises.
- Earnings of the top decile increased over 40% cumulatively while earnings of the bottom decile decreased over 30% from 1980-2000.
- Debt levels were flat or lower for high income groups but sharply higher for the bottom 95% leading up to the 2007 crisis.
The document discusses the challenges facing the printing and publishing industries due to economic recession and technological changes. It notes declining revenues and employment in these sectors. However, it argues that opportunities still exist for companies that innovate and gain market share through new business models, platforms like web-to-print and cloud computing, customization, and cost efficiencies. The presentation recommends strategies like developing the best team, continuous innovation, geographic expansion, reducing costs, expanding product/service offerings, and making technology investments to achieve growth and create sustainable value in this changing environment.
Ángel Ron: Competir en tiempo de crisis: un entorno desafiante para los banco...Banco Popular
The document discusses the challenging environment for retail banks due to deleveraging economies, low interest rates, and deleveraging banks. It summarizes Banco Popular's strategy of adapting ahead of peers by focusing on risk management, liquidity, and solvency during the crisis. It argues that in the current environment of austerity, banks must focus on managing spreads and margins, cost control, risk management, and capital to remain profitable. Banco Popular has demonstrated a robust business model through the economic cycle.
The document is a report from First National Bank (FNB) that provides an analysis of property market trends in South Africa. It summarizes data on house prices, commercial property values, construction costs, demand and supply factors, and investment returns. The report finds that while house prices and commercial property values increased in recent years, the market is showing signs of weakness, with high supply, falling demand, and lengthening times for properties to sell. Total property returns have also started declining again in 2011.
Chief Executive Cynthia Carroll presented at the UBS European Conference in London.
You can find out more about Anglo American here:
http://www.angloamerican.com/
http://www.facebook.com/angloamerican
http://www.twitter.com/angloamerican
http://www.youtube.com/angloamerican
http://www.flickr.com/photos/angloamerican
http://www.linkedin.com/company/anglo-american
You are viewing presentations from conferences that I have attended. Please enjoy & if we can help you with any logistics projects in the Americas please contact me at 678.364.3475
Bill was also on the Board of Directors for the St.Vincent DePaul Foodbank in Roseville California helping with the fund raising and meals to the poor program. While based in Northern California he was successful in fund raising programs for the Crusade of Mercy and helped Father Dan Madigan at the Sacramento Food Bank also. For 2008, Bill is a member of the Board for WORKTEC on also an Advisory Board Member for Boys and Girls Club for Metro Atlanta-Clayton County Chapter. See www.worktec.biz or www.bgcma.org . Bill is also on the Board of Directors for the Southeastern Warehouse Association & represents Georgia for 2010-2012.
Regards,
Bill Stankiewicz
Vice President and General Manager
Shippers Warehouse
Email: williams@shipperswarehouse.com
www.shipperswarehousega.com
http://www.linkedin.com/in/billstankiewicz2006
http://twitter.com/BillStankiewicz
http://www.topexecutivesnet.com/index.aspx
Top 10 political infographics from election 2012Cory Grenier
The document outlines Mitt Romney's economic plan which includes reducing government spending by cutting federal jobs and wages, privatizing unemployment benefits and reducing Medicaid eligibility. It also discusses cutting corporate taxes and weakening regulations on corporations while potentially harming the middle class. Charts show the impact this plan could have on issues like union membership, veterans benefits, and military spending.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
This very short document contains a single digit repeated multiple times with some spaces. It does not provide any clear information that can be summarized in 3 sentences or less.
The Educational Informatics Lab (EILab) is part of the Multimedia Innovation Lab (MILab) at the University of Ontario Institute of Technology. The EILab conducts research on e-learning, computer-mediated communication, and online education with a focus on learner-driven approaches rather than content-driven teaching. The lab has several research projects studying online learning and develops open source educational software. It has facilities at two locations connected by fiber optic cable for videoconferencing and remote learning research. The EILab is funded through various sources including government grants and corporate partnerships.
Two Chinese students, Huang Yixin and Wei Wei, became internet sensations by posting lip sync videos of pop songs in their dorm room. Their videos went viral after being posted to YouTube, gaining millions of views. Though initially seen as odd by their classmates, the videos led to the students signing a record deal and pursuing careers in entertainment.
NORONESC is an IT consultancy firm founded in 1997 located in Portugal that specializes in implementing and integrating Oracle technology solutions. It is an Oracle Certified Partner that works with clients to support their strategic decisions and implement Oracle products like E-Business Suite. NORONESC provides Oracle consulting expertise and ensures customers are successful in achieving their business goals through maximizing the return on their Oracle investments. The company focuses on delivering innovative Oracle-based solutions across various phases of projects from planning to optimization.
August 1987 1988 The Eighteenth Annual Report Of The Council on Environmental...Obama White House
This document discusses the benefits of exercise for both physical and mental health. It states that regular exercise can improve cardiovascular health, reduce symptoms of depression and anxiety, enhance mood, and promote better sleep. The document also mentions that even modest physical activity, such as walking for 30 minutes a few times a week, can lead to significant health improvements.
The Department of the Interior (DOI) is undertaking a retrospective review of its existing regulations to make them more efficient, less burdensome, and more functional. As part of this process, DOI plans to review several significant regulations over the next two years, including oil and gas royalty valuation rules, endangered species act rules, and offshore energy safety rules. DOI seeks to simplify regulations where possible, reduce unnecessary burdens on industry and the public, and ensure decisions are based on sound science. Stakeholders will have opportunities to provide input throughout the review process.
Presentation referenced by Richard Yamarone of the Bloomberg Economic BRIEF, at the 2012 Texas Financial Market Roundtable sponsored by Professor Lewis Spellman at the McCombs School of Business, The University of Texas at Austin. Mr. Yamarone is the author of "The Trader's Guide to Key Economic Indicators."
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel ConferenceAnglo American
We aim to deliver a future with real and sustainable value. Read our presentation as delivered by Cynthia Carroll, Chief Executive, Anglo American, at the Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference.
You can find out more about Anglo American here:
http://www.angloamerican.com/
http://www.facebook.com/angloamerican
http://www.twitter.com/angloamerican
http://www.youtube.com/angloamerican
http://www.flickr.com/photos/angloamerican
http://www.linkedin.com/company/anglo-american
Anglo American: Deutsche Bank BRICS Metals and Mining ConferenceAnglo American
Chief Executive Cynthia Carroll presented at the Deutsche Bank BRICS Metals and Mining Conference in London.
You can find out more about Anglo American here:
http://www.angloamerican.com/
http://www.facebook.com/angloamerican
http://www.twitter.com/angloamerican
http://www.youtube.com/angloamerican
http://www.flickr.com/photos/angloamerican
http://www.linkedin.com/company/anglo-american
Eletropaulo reported a loss of R$ 324.1 million in 3Q05 compared to a net income of R$ 136.8 million in 2Q05. Key factors included a tariff adjustment of 2.12% effective July 4, 2005, the issuance of R$ 800 million in debentures in September, and a significant increase in operating expenses including a R$ 346.4 million provision for doubtful debts. While revenues declined, expenses rose due to higher personnel costs, increased tariff quotas, and the amortization of regulatory assets, leading to a large quarterly loss despite an adjusted EBITDA of R$ 400.3 million.
Presentation, Economic Outlook for 2013 and Beyond, presented by Michael Brown, Wells Fargo Securities, presented at Winter 2012 NCLGBA Conference, 12/7/12
The global economic outlook points to a moderate expansion rather than a double-dip recession. Recovery has slowed in major economies due to fiscal restraint, tight credit conditions, high unemployment in the US, and cooling growth in emerging markets. Constraints on growth coupled with strong commodity prices supporting the Canadian dollar suggest the economic expansion over the coming year will be a "single slog" rather than a robust recovery.
The Rethinking US Agricultural Policy: Changing Course to Secure Farmer Livelihoods Worldwide slideshow gives a brief overview of policy barriers farmers face and smart solutions.
- Growing income inequality in the decades before the 1929 and 2007 crises simultaneously increased demand for credit from the lower/middle classes to maintain living standards and supply of credit from high income groups seeking investment opportunities.
- Inequality and household leverage both sharply increased together in the periods preceding the two crises.
- Earnings of the top decile increased over 40% cumulatively while earnings of the bottom decile decreased over 30% from 1980-2000.
- Debt levels were flat or lower for high income groups but sharply higher for the bottom 95% leading up to the 2007 crisis.
The document discusses the challenges facing the printing and publishing industries due to economic recession and technological changes. It notes declining revenues and employment in these sectors. However, it argues that opportunities still exist for companies that innovate and gain market share through new business models, platforms like web-to-print and cloud computing, customization, and cost efficiencies. The presentation recommends strategies like developing the best team, continuous innovation, geographic expansion, reducing costs, expanding product/service offerings, and making technology investments to achieve growth and create sustainable value in this changing environment.
Ángel Ron: Competir en tiempo de crisis: un entorno desafiante para los banco...Banco Popular
The document discusses the challenging environment for retail banks due to deleveraging economies, low interest rates, and deleveraging banks. It summarizes Banco Popular's strategy of adapting ahead of peers by focusing on risk management, liquidity, and solvency during the crisis. It argues that in the current environment of austerity, banks must focus on managing spreads and margins, cost control, risk management, and capital to remain profitable. Banco Popular has demonstrated a robust business model through the economic cycle.
The document is a report from First National Bank (FNB) that provides an analysis of property market trends in South Africa. It summarizes data on house prices, commercial property values, construction costs, demand and supply factors, and investment returns. The report finds that while house prices and commercial property values increased in recent years, the market is showing signs of weakness, with high supply, falling demand, and lengthening times for properties to sell. Total property returns have also started declining again in 2011.
Chief Executive Cynthia Carroll presented at the UBS European Conference in London.
You can find out more about Anglo American here:
http://www.angloamerican.com/
http://www.facebook.com/angloamerican
http://www.twitter.com/angloamerican
http://www.youtube.com/angloamerican
http://www.flickr.com/photos/angloamerican
http://www.linkedin.com/company/anglo-american
You are viewing presentations from conferences that I have attended. Please enjoy & if we can help you with any logistics projects in the Americas please contact me at 678.364.3475
Bill was also on the Board of Directors for the St.Vincent DePaul Foodbank in Roseville California helping with the fund raising and meals to the poor program. While based in Northern California he was successful in fund raising programs for the Crusade of Mercy and helped Father Dan Madigan at the Sacramento Food Bank also. For 2008, Bill is a member of the Board for WORKTEC on also an Advisory Board Member for Boys and Girls Club for Metro Atlanta-Clayton County Chapter. See www.worktec.biz or www.bgcma.org . Bill is also on the Board of Directors for the Southeastern Warehouse Association & represents Georgia for 2010-2012.
Regards,
Bill Stankiewicz
Vice President and General Manager
Shippers Warehouse
Email: williams@shipperswarehouse.com
www.shipperswarehousega.com
http://www.linkedin.com/in/billstankiewicz2006
http://twitter.com/BillStankiewicz
http://www.topexecutivesnet.com/index.aspx
Top 10 political infographics from election 2012Cory Grenier
The document outlines Mitt Romney's economic plan which includes reducing government spending by cutting federal jobs and wages, privatizing unemployment benefits and reducing Medicaid eligibility. It also discusses cutting corporate taxes and weakening regulations on corporations while potentially harming the middle class. Charts show the impact this plan could have on issues like union membership, veterans benefits, and military spending.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
This very short document contains a single digit repeated multiple times with some spaces. It does not provide any clear information that can be summarized in 3 sentences or less.
The Educational Informatics Lab (EILab) is part of the Multimedia Innovation Lab (MILab) at the University of Ontario Institute of Technology. The EILab conducts research on e-learning, computer-mediated communication, and online education with a focus on learner-driven approaches rather than content-driven teaching. The lab has several research projects studying online learning and develops open source educational software. It has facilities at two locations connected by fiber optic cable for videoconferencing and remote learning research. The EILab is funded through various sources including government grants and corporate partnerships.
Two Chinese students, Huang Yixin and Wei Wei, became internet sensations by posting lip sync videos of pop songs in their dorm room. Their videos went viral after being posted to YouTube, gaining millions of views. Though initially seen as odd by their classmates, the videos led to the students signing a record deal and pursuing careers in entertainment.
NORONESC is an IT consultancy firm founded in 1997 located in Portugal that specializes in implementing and integrating Oracle technology solutions. It is an Oracle Certified Partner that works with clients to support their strategic decisions and implement Oracle products like E-Business Suite. NORONESC provides Oracle consulting expertise and ensures customers are successful in achieving their business goals through maximizing the return on their Oracle investments. The company focuses on delivering innovative Oracle-based solutions across various phases of projects from planning to optimization.
August 1987 1988 The Eighteenth Annual Report Of The Council on Environmental...Obama White House
This document discusses the benefits of exercise for both physical and mental health. It states that regular exercise can improve cardiovascular health, reduce symptoms of depression and anxiety, enhance mood, and promote better sleep. The document also mentions that even modest physical activity, such as walking for 30 minutes a few times a week, can lead to significant health improvements.
The Department of the Interior (DOI) is undertaking a retrospective review of its existing regulations to make them more efficient, less burdensome, and more functional. As part of this process, DOI plans to review several significant regulations over the next two years, including oil and gas royalty valuation rules, endangered species act rules, and offshore energy safety rules. DOI seeks to simplify regulations where possible, reduce unnecessary burdens on industry and the public, and ensure decisions are based on sound science. Stakeholders will have opportunities to provide input throughout the review process.
This document lists and describes 10 plants and animals observed in each of three different habitats: a freshwater stream, deciduous forest, and city park. For each organism, the scientific name and a picture link are provided. Habitats included Glouster Memorial Park, Strouds Run, and West State Street Park. Plants and animals ranged from common species like dandelions and earthworms to trees, frogs, squirrels, and birds found in each specific natural setting.
The document discusses a report by the Bush administration acknowledging that human activities are contributing to climate change and its environmental effects. However, President Bush dismissed the report, saying he read the findings from "the bureaucracy." The report was submitted to the UN but only suggests voluntary industry actions rather than mandatory reductions required by the Kyoto Protocol, which Bush opposes. Environmental groups criticize the lack of a plan with pollution cut mandates.
NU featured in the EDU Tech Magazine (Cover Story)NIIT University
Excerpts from the story : Ground Breaking Gurukul
"The not-for-profit NIIT University is a lesson in innovation, a sustainable campus that provides seamless learning and provokes original thinking... NU is not just another university. It is a bold new experiment that aims to address the gaps in our current way of teaching and learning, and also prepare our youth for the challenges of the future"
Presentatie Cafetariamodel 2009 Buitendienst DefinitiefSietze Jan Kamstra
Presentatie in 2009 gegeven aan zowel binnen- als buitendienstpersoneel bij het invoeren van nieuwe arbeidsvoorwaardenregeling; het zogenaamde cafetariamodel.
This document summarizes and evaluates various news filtering applications on the web. It provides a table listing common news filtering applications and their URLs. It then analyzes the features and drawbacks of each application, noting that while many rely on community recommendations to surface relevant stories, the systems themselves are limited in their ability to do so implicitly without direct user feedback. The document concludes with suggestions for possible enhancements, such as free previews, tutorials, related content feeds, statistics tracking, and improved personalized recommendation capabilities.
The document is an op-ed piece arguing that the Clean Air Act does not give EPA the authority to regulate carbon dioxide emissions. It summarizes the arguments made by several state Attorneys General that the Clean Air Act requires EPA to regulate CO2 as an air pollutant. However, the op-ed argues this is incorrect, as the Clean Air Act does not mention global climate change or greenhouse gases anywhere. While CO2 meets a broad definition of "air pollutant," the Act does not delegate authority to EPA to impose controls on CO2 emissions. The op-ed concludes the Attorneys General are misinterpreting the Clean Air Act in claiming it mandates EPA regulate CO2.
Child slavery occurs when children are taken from their parents by strangers through deception or their parents sell them to pay off debts. The children are then forced to work in poor conditions where they face abuse, little food, and cramped living spaces. To get their children back, parents must pay a ransom for food, medicine, and shelter. Child slavery is wrong because it takes children away from playing and spending time with their families, and subjects them to abuse for work instead of allowing them to be kids. People should never give their children away to strangers and this form of slavery still happens in other parts of the world today.
The cement industry has adopted a voluntary goal to reduce CO2 emissions by 10% from 1990 levels by 2020. This will be achieved through a three part program focusing on production process efficiency, lower-emission product formulations, and promoting concrete's benefits for climate change mitigation. Specific efforts include converting kilns to more efficient technologies, alternative fuel use, and research partnerships to further reduce greenhouse gas emissions from cement production and concrete construction.
This document is an email chain discussing whether a Freedom of Information Act (FOIA) request was received regarding the 2002 Climate Action Report. An official from the USDA checks their records and confirms they did not receive a FOIA request from Greenpeace on the report. They inform the CEQ deputy general counsel's office of this. The CEQ official had asked the USDA to check on the status of any FOIA requests related to the report.
Michael Blythe- Resources & Energy Symposium 2012Symposium
This document summarizes key points from a CEO conference on resources and the economy:
1) Australia's economy has outperformed other advanced economies since the global financial crisis, but domestic growth is running below trend.
2) The emergence of China and the resulting commodity boom have been the defining feature shaping the global and Australian economic landscape over the past decade. Higher commodity prices have provided a significant boost to national income.
3) While the commodity boom has benefited Australia's income, it has also led to a "patchwork" economy with booming mining sectors and sluggish non-mining growth, posing challenges.
4) A high Australian dollar related to the resources boom poses difficulties for other exporting
The Rethinking US Agricultural Policy: Changing Course to Secure Farmer Livelihoods Worldwide slideshow gives a brief overview of policy barriers farmers face and smart solutions.
The Rethinking US Agricultural Policy: Changing Course to Secure Farmer Livelihoods Worldwide slideshow gives a brief overview of policy barriers farmers face and smart solutions.
The document summarizes the economic impacts of austerity measures in Canada. It argues that [1] austerity will likely lead to another recession as it has in other countries, [2] government debt ratios are manageable and deficits could be eliminated through fair tax measures instead of spending cuts, and [3] austerity disproportionately impacts working people and increases inequality. The response should expose the failures of neoliberalism and privatization, advocate for fair taxes, resist commodification of public services, and build alliances through mobilization and democratic participation.
The document summarizes key points from a presentation given at a ULI Fall Meeting in Miami Beach, FL in October 2008 regarding the global credit crunch and its impacts. Some of the key points include: construction completions in the US are much lower now than in the 1980s and will not likely cause overbuilding; commercial mortgage debt outstanding in the US grew significantly as a percentage of GDP leading up to the credit crunch; global investment sales transaction volumes and property values have declined significantly due to the credit crunch; and the world's reliance on oil from the Persian Gulf region has significant geopolitical implications.
The number of active US venture capital firms peaked in 2000 at over 1,000 firms but has since declined to around 450 firms in 2010. Venture capital fundraising has slowed with new commitments below levels of company investment. The vast majority of capital is raised through existing venture capital managers raising follow-on funds, rather than first-time managers. Despite economic turbulence, over 1,100 companies received venture capital funding in 2011, consistent with typical annual levels of 1,000-1,300 companies. Venture capital investing in Southern California generally tracked national trends, with some decline from peak levels in the late 1990s/early 2000s.
This document provides an overview of The Sherwin-Williams Company to investors. It discusses the coatings industry and Sherwin-Williams' position as a top manufacturer. It highlights Sherwin-Williams' diversified customer base in architectural, industrial, and OEM coatings. It also outlines the company's controlled distribution network, leading brands, investment in technology, acquisition strategy, and financial strength.
The document discusses opportunities for tourism investment in the COMESA region using Mauritius as a case study. It outlines Mauritius' transition to a services economy focused on tourism and hospitality. A case study of the Anahita luxury resort development shows the potential for large scale private investments. The COMESA region has significant untapped tourism resources from beaches and reefs to safaris and endemic wildlife. Key challenges to regional tourism growth include infrastructure, air connectivity, security, and awareness of offerings.
This document discusses how strengthening local food economies can help communities economically. It provides data showing that when food is produced and consumed locally, more money stays in the community and creates jobs, rather than leaving the community. However, current industrialized food systems cause wealth to leave communities. The document advocates for policies and programs that support relocalizing food systems through measures like farm to school programs, food hubs, and prioritizing local food procurement. This can boost local economies and reduce health care and infrastructure costs.
The presentation discusses Sherwin-Williams, a global coatings manufacturer. It provides an overview of the company, the coatings industry, and Sherwin-Williams' competitive advantages. These include a diversified customer base, controlled distribution network, leading brands, investment in technology, and a strategy of growth through acquisitions. Financial highlights show Sherwin-Williams has maintained profitability and strong cash flows despite challenges in its end markets.
The document provides an economic outlook and summarizes key economic indicators from the U.S. and global economy. It shows that after the recession, real GDP and consumption have grown slowly in the U.S. while the housing market remains weak. Unemployment has declined slightly but long-term unemployment remains high. Interest rates are low and inflation is contained. Globally, growth has slowed in Europe with high unemployment, while emerging markets continue growing but at a slower pace than before the recession.
How can the American Automotive Association Revive Interest in American aut...ujiroveron
The document discusses the history of the US automotive industry and analyzes factors that have contributed to the declining market share of American automakers. It includes sections written by different analysts covering topics like industry trends, environmental impacts, quality, policies, and customer service. The analysts note that US automakers focused more on production quantity than quality, leading to reliability issues. Japanese brands improved fuel efficiency and introduced popular models, gaining significant market share. US automakers also spent more on health care and pensions. The document recommends steps to help American brands rebuild pride, loyalty, and competitiveness.
2008 J.D. Power Automotive Online Marketing Review3GEngagement
This document summarizes findings from an automotive online marketing review by J.D. Power and Associates. It finds that 2008 US new vehicle sales will be the lowest since 1993 due to higher gas prices causing cars to outsell light trucks. Compact vehicles have also gained market share at the expense of midsize and large vehicles. While online marketing budgets are being reduced, automotive internet usage and time spent researching online is increasing, with more models viewed closer to purchase. The report also examines trends in mobile access, social media, and consumer reviews in influencing car shoppers.
Jd P Ower Auotmotive Online Marketing Review 2008rvarden
This document summarizes findings from an J.D. Power and Associates report on automotive online marketing in 2008. It includes the following key points in 3 sentences:
1) US new vehicle sales were forecast to be the lowest since 1993 due to higher gas prices causing cars to outsell light trucks. 2) Compact vehicles gained more market share at the expense of midsize and large vehicles. 3) While online marketing budgets were being cut back, automotive internet usage and time spent researching online continued growing, with more shoppers using search, social media, and mobile sites in their vehicle research.
- Regional airline markets in the US and Europe are forecast to continue growing over the next decade, driven by increasing passenger demand for regional air travel.
- Regional jets are replacing turboprops on many routes as they allow airlines to operate longer stages and add new destinations. This is shifting fleets to all-jet configurations.
- Embraer anticipates future demand by developing new regional jet models like the ERJ 170 and 190-200 that are tailored for different missions based on capacity and range.
- Strong economic growth is expected in major markets over the next 5-10 years like the US, Canada, Western Europe and China, fueling demand for regional air travel and aircraft.
- Regional airline markets in the US and Europe are forecast to continue growing, driven by increasing passenger demand for regional travel.
- Regional jets are replacing turboprops as they allow airlines to operate longer routes more profitably and efficiently.
- Embraer is anticipating future market needs by developing new regional jet models like the ERJ 170 and ERJ 190-200 that will have longer ranges and more seats to meet evolving airline network strategies.
- Strong economic growth is expected in major markets like the US, Canada, Western Europe and China, which will support increased demand for regional air travel and aircraft over the next decade.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
5. MULTIPLE PROBLEMS
HOUSING LED RECESSION
OVER LEVERAGED FINANCIALS
FALLING ASSET PRICES
FROZEN CREDIT MARKETS
WEAK HOUSEHOLD BALANCE SHEET
GLOBALLY SYNCHRONIZED SLOWING EXACERBATING ALL OF ABOVE
FORCES OF INFLATION VERSUS FORCES OF DEFLATION
6. MARKET CYCLES ARE LONG
Dow Jones Industrials (solid line) Inflation (dotted line)
15,000 15%
Bear Market Bull Market
1966-1982 1983-2000
10,000 10
5,000 5
0
1970 1980 1990 2000 2008
Source: Bureau of Labor Statistics, Dow Jones
7. DRIVEN BY PRODUCTIVITY AND CENTRAL BANK
Indexed global productivity Fed funds rate
Size of global workforce
4B 150 10%
8
3
6
2 125
4
1
2
0 100 0
1980 1996 2002 2006 1990 1995
1990 2000 2008 2000 2005 Sep 2008
Source: Federal Reserve, International Labour Organization
8. RESULTING IN FALLING INFLATION AND COST
OF DEBT
U.S. inflation (annual year/year CPI change) Yield on 10-year U.S. treasuries
25% 16%
12
15
8
Average
5
Average
4
-5 0
1950 1960 1970 1980 1990 2000 2007 1960 1970 1980 1990 2000 June 2008
Source: Bureau of Labor Statistics, Federal Reserve
9. FUELING A NATION OF CONSUMERS
U.S. current account / GDP
2%
0
-2
-4
-6
-8
1985 1990 1995 2000 2005
Source: Bureau of economic analysis
10. FOREIGN $s RECYCLED INTO TREASURIES
DEMAND
U.S.
KEEPS
BUYS
LONGER-
FOREIGN
TERM
GOODS
RATES
LOW
FOREIGN COUNTRIES USE
PROCEEDS TO BUY
TREASURIES
13. LIQUIDITY AND EASING SPREAD TO HOUSING
Distribution of U.S. dollar mortgage originations
Single family housing starts
100%
2M Government
Prime-
Jumbo
80
Prime-
60 Conforming
Average
1
40
Alt-A
20
Subprime
0
0
2002 2006
1980 1985 1990 1995 2000 2005 2008E
Source: Bridgewater, National Association of Home Builders
14. HOME PRICES GREW SUBSTANTIALLY ABOVE
MEAN
U.S. real home price index
250
1998-2006
8.0% annualized
200 1930 - 1997
0.7% annualized
1900-1929
150
-1.2% annualized
100
50
1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2007
Source: Robert Shiller
15. STRUCTURED PRODUCTS AND REGULATORY
CHANGES COMPOUND THESE ISSUES
GROWTH IN SECURITIZATIONS
LEVERAGE ON THOSE STRUCTURES
INCREASED LEVERAGE ON BANK’S BALANCE SHEETS
OFTEN MIS-RATED BY AGENCIES
REPEAL OF GLASS-STEAGALL
REGULATORY CHANGES ENCOURAGING HOME OWNERSHIP
16. HUGE GROWTH IN DERIVATIVES
Outstanding amount of open positions in OTC derivatives markets
$525T
350
35x
U.S.
GDP
175
U.S. GDP
0
1995 1998 2001 2004 2007
Note: Outstanding amount is not a pure measure of risk as some positions are netted and have collateral; U.S. GDP was $13.8T in 2007
Source: Bank for International Settlements
19. JAPAN MAY BE INSTRUCTIVE
Annual real GDP growth
Nikkei Index 1988 - present Japanese discount rate
6%
40,000 8%
3
30,000 6
Average
0
20,000 4
-3
10,000 2
-6
0 0
1990 1995 2000 2005
1990 1995 2000 2005 Oct 2008 1990 1995 2000 2005 Jul-08
Source: Bank of Japan, Yahoo Finance
20. KEY THEMES
GLOBAL
SECULAR
NOT “NORMAL CRISIS”, WILL TAKE TIME
CREDIT NOT EQUITY DRIVEN
SIGNIFICANT RISK TO GDP GROWTH
POTENTIAL FOR GREATER REGULATORY REFORMS / SCRUTINY
21. OUR TAKE
MANAGE WHAT YOU CAN CONTROL
SPENDING
GROWTH ASSUMPTIONS
EARNINGS ASSUMPTIONS
FOCUS ON QUALITY
LOWER RISK
REDUCE DEBT
23. THE U.S.: A NATION OF CONSUMERS
THE CHANGING FACE OF THE ECONOMY
$ TRILLIONS 1987 1997 2007
TOTAL U.S. GDP 4.7 8.3 13.8
CONSUMER SPENDING 3.1 5.8 10.1
CONSUMER AS % OF TOTAL GDP 66% 70% 73%
DISPOSABLE PERSONAL INCOME 3.5 6.0 10.2
Source: Bureau of Economic Analysis.
24. EXPLOSION IN HOME OWNERSHIP
HOME OWNERSHIP %
LONG-TERM AVERAGE
Source: Current Population Survey/Housing Vacancy Survey, Series H-111 Reports, Bureau of the Census, Washington, DC 20233.
25. WAGE GROWTH & PERSONAL SAVINGS
FALLING REAL WAGES ERODING PCE
PERSONAL SAVINGS RATE
PERSONAL SAVINGS RATE EVAPORATED
REAL WAGE GROWTH FELL
Source: Bureau of Economic Analysis, Federal Reserve, Haver, Bureau of Labor Statistics, Census Bureau, Factset, Morgan Stanley Research.
26. CONSUMERS BUCKLING UNDER DEBT
HOUSEHOLD DEBT SERVICE RATIO HOUSEHOLD FINANCIAL OBLIGATION RATIO
DSR = DEBT PAYMENTS ON OUTSTANDING MORTGAGES AND CONSUMER
DEBT/DISPOSABLE PERSONAL INCOME
FOR = ADDS AUTOMOBILE LEASE PAYMENTS, RENTAL PAYMENTS, H/O’S INSURANCE
AND PROPERTY TAX PAYMENTS TO THE DSR
Source: Bureau of Economic Analysis.
27. MEWs BECAME THE NEW PIGGY BANK
MEW CONTINUES TO FADE…
Source: Haver, BEA, NAHB, Conference Board, EIA, Morgan Stanley Research.
28. FROM VIRTUOUS TO VISCIOUS CYCLE
UNEMPLOYMENT SPIKES HIGHER
MORTGAGE RESET
DELINQUENCIES/FORECLOSURES
PRICES FALL
MEWS DECREASE
CONSUMER SPEND FALLS
JOB MARKET ERODES
RECESSION
Source: Federal Reserve, Haver, Bureau of Labor Statistics, Census Bureau, Factset, Morgan
Stanley Research, Case-Shiller & DB Global Market Research.
29. ON THE BRINK OF A RECESSION
CONSUMER CONFIDENCE AT MULTI-DECADE LOWS
GDP IS POISED TO TURN NEGATIVE
ISM IS FALLING FAST
Source: Haver, NAHB, Conference Board, NFIB, Morgan Stanley Research, DoL & DB Global Markets Research.
30. EARNINGS BEGINNING TO ROLL
EARNINGS DOWN 18% ON ESTIMATES MADE 12 MONTHS AGO
Source: Datastream, Robert Shiller, Factset and Morgan Stanley Research.
34. MOBILE IS NOT IMMUNE
Y/Y
Source: TNS U.S. Advertising Expenditure Estimates
35. TECH SPENDING DEPENDS ON ECONOMY
Y-Y Change in S&P 500 Earnings, Technology Spending (1996-2008E)
30%
20%
10%
0%
-10%
-20%
-30%
Jun 08E
Jun-95
Jun-96
Jun-97
Jun-98
Jun-99
Jun-00
Jun-01
Jun-02
Jun-03
Jun-04
Jun-05
Jun-06
Jun-07
Dec-95
Dec-96
Dec-97
Dec-98
Dec-99
Dec-00
Dec-01
Dec-02
Dec-03
Dec-04
Dec-05
Dec-06
Dec-07
S&P 500 EPS Growth Tech Spending Growth
Source: Bernstein Strategy Group; First Call
Drop in earnings in Dec 07 was partly due to financial services industry write offs
36. ENTERPRISE INDICATORS
“IT spending is being more scrutinized
now than at any point in the 2003
through 2007 timeframe … customers
are showing more caution.”
- EMC, JUL 2008
PC UNITS SOLD (Y/Y)
“It's now clear that this economic
softness is continuing into September.”
- INGRAM MICRO, SEP 2008
“Market developments of the past
several weeks have been dramatic and
worrying to many businesses. These
concerns triggered a very sudden and
unexpected drop in business activity.”
- SAP, OCT 2008
Source: Gartner Personal Computer Quarterly Statistics Worldwide Database, 5/08. JPMorgan estimates for 2008-2009
43. CHANGES IN FINANCING ENVIRONMENT
Venture firms brace for cash crunch
Big investors turn away from VCs as the financial crisis takes its toll.
By Michael V. Copeland
“If you are a venture capitalist looking for a new limited partner, don't stop in here.
Don't try and sell me on a new fund, and good luck trying with everyone else.quot;
“If you’re a second or third-tier venture firm trying to raise another fund, forget about it.”
“It will start first in private equity funds where there will be a substantial miss on capital
calls. Then we'll see it next in venture capital.quot;
quot;If you are start-up that is not cash-flow positive you are in a tough spot right now. If you
haven't figured out your business model yet you are in trouble.”
“It's going to be hard to get another round. You aren't going to get a second life this time.quot;
44. NEW REALITIES
$15M RAISE @ $100M POST IS GONE
SERIES B/C WILL BE SMALLER RAISES
CUSTOMER UPTAKE WILL BE SLOWER
CUTS ARE A MUST
NEED TO BECOME CASH FLOW POSITIVE
45. INCREASED CHALLENGES
M&As WILL DECREASE
PRICES WILL DECREASE
ACQUIRING ENTITIES WILL FAVOR PROFITABLE COMPANIES
IPOs WILL CONTINUE TO DECREASE AND WILL TAKE LONGER
46. SURVIVAL
PRESERVE GRAB
CAPITAL SHARE
✔ MUST-HAVE PRODUCT
✔ ESTABLISHED REVENUE MODEL
✔ UNDERSTANDING OF MARKET UPTAKE
✔ CUSTOMERS’ ABILITIES TO PAY
✔ ASSESSMENT VS. COMPETITORS
✔ CASH IS KING
✔ NEED FOR PROFITABILITY
47. OPS REVIEW
✔ ENGINEERING DECREASE HEADCOUNT FOR NEXT VERSION?
✔ PRODUCT WHAT FEATURES ARE ABSOLUTELY ESSENTIAL?
✔ MARKETING MEASURING & CUTTING WHAT’S NOT WORKING?
✔ SALES & BUS DEV GETTING RETURN ON EXPENSE INCREASE?
✔ PIPELINE REAL PROBABILITIES OF CLOSING DEALS?
✔ FINANCE
CASHBURN WHERE CAN PAYMENTS BE DEFERRED?
G&A WHAT DEPARTMENTS ARE ESSENTIAL?
53. THE SOLUTION
PERFORM SITUATION ANALYSIS
ADAPT QUICKLY
USE A ZERO-BASED BUDGETING APPROACH
MAKE CUTS
REVIEW SALARIES
EMPLOY A HEAVILY COMMISSIONED SALES STRUCTURE
BOLSTER BALANCE SHEETS
BECOME CASH FLOW POSITIVE AS SOON AS POSSIBLE
SPEND EVERY DOLLAR AS IF IT WERE YOUR LAST