Trush House

Trush House

With glass gone weather is in, so along deterioration begins….

Richard Brannson – Famous…

Richard Brannson – Famous Quotes

Richard Branson Quotes

A business has to be involving, it has to be fun, and it has to exercise your creative instincts. 


Business opportunities are like buses, there’s always another one coming. 


I believe in benevolent dictatorship provided I am the dictator. 


Fortunately we’re not a public company – we’re a private group of companies, and I can do what I want. 


And you know, I’ve had great fun turning quite a lot of different industries on their head and making sure those industries will never be the same again, because Virgin went in and took them on. 


I was dyslexic, I had no understanding of schoolwork whatsoever. I certainly would have failed IQ tests. And it was one of the reasons I left school when I was 15 years old. And if I – if I’m not interested in something, I don’t grasp it. 


You don’t learn to walk by following rules. You learn by doing, and by falling over. 


Like getting into a bleeding competition with a blood bank. 


I never get the accountants in before I start up a business. It’s done on gut feeling, especially if I can see that they are taking the mickey out of the consumer. 


Ridiculous yachts and private planes and big limousines won’t make people enjoy life more, and it sends out terrible messages to the people who work for them. It would be so much better if that money was spent in Africa – and it’s about getting a balance. 


With the casino and the beds, our passengers will have at least two ways to get lucky on one of our flights. 


You never know with these things when you’re trying something new what can happen. This is all experimental. 


We believe that within five years, 96 percent of British consumers will have access to the Internet, whether it be through a personal computer, a set-top box or a mobile phone. 


Right now I’m just delighted to be alive and to have had a nice long bath. 


My mother was determined to make us independent. When I was four years old, she stopped the car a few miles from our house and made me find my own way home across the fields. I got hopelessly lost. 


I cannot remember a moment in my life when I have not felt the love of my family. We were a family that would have killed for each other – and we still are. 


And obviously, from our own personal point of view, the principal challenge is a personal challenge. 


I wanted to be an editor or a journalist, I wasn’t really interested in being an entrepreneur, but I soon found I had to become an entrepreneur in order to keep my magazine going. 


The music industry is a strange combination of having real and intangible assets: pop bands are brand names in themselves, and at a given stage in their careers their name alone can practically gaurantee hit records. 


We’ve always had a pretty competitive and pretty ferocious battle with British Airways… It’s lasted now about 14 years, and we’re very pleased to have survived it. 

Samsung to Sue Apple over LTE Use on iPhone 5

24/7 Wall St.

Samsung, which has been locked in an ongoing series of high-stakes patent trials with Apple Inc. (NASDAQ: AAPL), has previously threatened to sue the iPhone maker if it were to release LTE-enabled products. Well, the new iPhone 5 is expected to be unveiled at a press event in San Francisco tomorrow, and the next-generation smartphone is reported to have long-term evolution (LTE) connectivity.

Samsung “has decided to take immediate legal action,” according to the Korea Times. The article quotes an industry source:

It’s true that Samsung Electronics has decided to take immediate legal action against the Cupertino-based Apple. Countries in Europe and even the United States — Apple’s home-turf — are our primary targets.

Industry insiders say Apple’s next iPhone will work with some but not all 4G LTE networks in the United States and other countries when it is released.

Taiwan’s HTC also is battling with the iPhone maker…

View original post 53 more words

Looking beyond the U.S. and Europe for renewable energy deployment

Moody’s Updates Outlook for U.S. Debt Rating

24/7 Wall St.

Moody’s said today that budget negotiations during the 2013 congressional legislative session likely will determine the direction of the U.S. government’s Aaa rating and negative outlook.

In the Moody’s Investors Service report, “Update of the Outlook for the US Government Debt Rating,” the agency indicated:

If those negotiations lead to specific policies that produce a stabilization and then downward trend in the ratio of federal debt to GDP over the medium term, the rating will likely be affirmed and the outlook returned to stable … If those negotiations fail to produce such policies, however, Moody’s would expect to lower the rating, probably to Aa1.

No surprise there. Moody’s notes the difficulty in predicting when Congress will conclude negotiations that result in a budget package. The debt limit likely will be reached by end of this year, and the government’s ability to meet interest and other expenses with available resources should…

View original post 113 more words

Λάθη στα social media

Ποιοί είναι οι 8 λόγοι για τους οποίους οι στρατηγικές marketing στα social media αποτυγχάνουν και πώς μπορούν να αντιμετωπιστούν αυτά τα σφάλματα…….?

Σε περίπτωση που εδώ και καιρό προσπαθείτε να εφαρμόσετε και να αξιοποιήσετε στρατηγικές marketing μέσω των social media και τα αποτελέσματα είναι πενιχρά, δεν θα πρέπει να απελπίζεστε. Κι αυτό γιατί αποτελείτε τον κανόνα και όχι την εξαίρεση – και μάλιστα σε παγκόσμιο επίπεδο. Έχει παρατηρηθεί πως παράτη μεγάλη εξάπλωση των μέσων κοινωνικής δικτύωσης οι εταιρείες αδυνατούν να αποκομίσουν τα προσδοκώμενα οφέλη από αυτά. Η βασική αιτία, σαφέστατα, δεν μπορεί να είναι το γεγονός ότι τα social media αποτελούν άγνωστη λέξη για τους χρήστες, καθώς η αποδοχή που χαίρουν βαίνει αυξανόμενη με απίστευτα γρήγορους ρυθμούς. Στο συγκεκριμένο άρθρο θα προσπαθήσουμε να προβάλουμε τις 8 βασικότερες αιτίες που κάνουν τις καμπάνιες ανεπιτυχείς ή τουλάχιστον μη αποδοτικές.

1. Έλλειψη ξεκάθαρων στόχων: Σε περίπτωση που ασχολείστε με τα social media προσπαθώντας να προβάλετε τις υπηρεσίες ή την ίδια σας την εταιρεία, χωρίς να έχετε θέσει ξεκάθαρους στόχους, τότε λυπούμαστε αλλά σίγουρα βρίσκεστε σε λάθος δρόμο και τα αποτελέσματα που αναμένετε δεν θα έρθουν ποτέ. Κάθε ενέργεια marketing -και στα social media πιο έντονα- απαιτεί μία ξεκάθαρη στρατηγική, από την εφαρμογή της οποίας αναμένουμε και ένα ξεκάθαρο αποτέλεσμα. Ανεξάρτητα από το είδος της εταιρείας ή του προϊόντος που επιθυμείτε να προβάλετε θα πρέπει να έχετε αρχικά αποσαφηνίσει σε τι ακριβώς στοχεύετε.

2. Υπέρμετρες απαιτήσεις: Η ύπαρξη ξεκάθαρων στόχων είναι σαφέστατα σημαντικότατος παράγοντας, όπως είναι όμως αντίστοιχα και η ύπαρξη ρεαλισμού στα αναμενόμενα αποτελέσματα. Θα πρέπει να κατανοήσουμε πως τα social media δεν είναι σε καμία περίπτωση η μαγική λύση σε όλα τα θέματα. Είναι απίθανο να καταφέρει μία εταιρεία να προσελκύσει εκατομμύρια χρηστών – πελατών από τη μια στιγμή στην άλλη. Τα social media είναι το μέσο από το οποίο κάποιος μπορεί να αποκομίσει κέρδος με μακροπρόθεσμο σχεδιασμό. Σε καμιά περίπτωση η χρήση μόνο των social media δεν μπορεί να προωθήσει ικανοποιητικά την εταιρεία, τα προϊόντα ή τις υπηρεσίες σας. Οι ενέργειές σας, για να έχουν τη μεγαλύτερη δυνατή αποδοτικότητα θα πρέπει να είναι συνδυαστικές και ελεγχόμενες ανά τακτά χρονικά διαστήματα.

3. Η αποκοπή από το κοινό που σας ενδιαφέρει: Πριν ακόμη ξεκινήσετε το σχεδιασμό μιας καμπάνιας για τα μέσα κοινωνικής δικτύωσης θα πρέπει να καταλήξετε στο κοινό το οποίο αποτελεί το εν δυνάμει πελατολόγιό σας. Θα πρέπει να έχετε απόλυτα ξεκάθαρη εικόνα για το ποιο είναι πραγματικά το κοινό στο οποίο απευθύνεστε, ποια τα ενδιαφέροντά του, ποιες οι προτιμήσεις και οι ανάγκες του. Η κατανόηση όλων αυτών των δεδομένων θα οδηγήσει σε μία ξεκάθαρη στρατηγική με πολύ καλύτερα αποτελέσματα.

4. Δεν blog-άρετε αρκετά: Η καρδιά κάθε σωστά δομημένης ενέργειας στα social media είναι χωρίς καμιά αμφιβολία το blog. Αυτό συμβαίνει φυσικά γιατί εντός του blog το κοινό μπορεί να διαβάσει, να αναζητήσει και να αξιοποιήσει χρήσιμες πληροφορίες που εσείς έχετε βάλει. Μέσα από αυτή τη διαδικασία αναπτύσσεται σταδιακά μία σχέση εξάρτησης με το κοινό που σας ενδιαφέρει το οποίο μετά από κάποιο σημείο θα επανέρχεται στη σελίδα σας σε τακτά χρονικά διαστήματα, αυξάνοντας σημαντικά και το κομμάτι της προβολής της εταιρείας σας. Σαφέστατα το περιεχόμενο που κάθε φορά θα επιλέγετε να προβληθεί θα πρέπει να έχει άμεση σχέση τόσο με την εταιρεία όσο και με τις υπηρεσίες ή προϊόντα που επιθυμείτε να προωθήσετε. Σημαντικό ρόλο όπως σε πάρα πολλά ζητήματα στην καθημερινή ζωή παίζει και ο τρόπος που παρουσιάζετε μια είδηση ή μια κατάσταση. Θα πρέπει να δώσετε προσοχή λοιπόν και στον τρόπο με τον οποίο προβάλλετε μια είδηση αλλά και στον τρόπο που αυτή εμφανίζεται στο κοινό που σας ακολουθεί. Για παράδειγμα, μπορεί να ακούγεται κοινότοπο αλλά ένας καλός τίτλος παίζει μεγαλύτερο ρόλο από μια καλή είδηση. Σε περίπτωση που οι συντακτικές δυνατότητές σας δεν επαρκούν ή στο τέλος της ημέ- ρας δεν παράγουν τα επιθυμητά αποτελέσματα, καλό θα ήταν να απευθυνθείτε σε κάποιον ειδικό για τη συγκεκριμένη δουλειά.

5. Δεν είναι υποχρέωση αλλά ανάγκη: Σε περίπτωση που η ενασχόληση με τα social media δεν είναι τίποτε περισσότερο για εσάς από μία συμβατική καθημερινή υποχρέωση, το καλύτερο που έχετε να κάνετε είναι είτε να μην ασχοληθείτε με το κομμάτι αυτό είτε να το αναθέσετε σε κάποιους άλλους. Κι αυτό γιατί έχει αποδειχθεί πως οι πιο επιτυχημένες καμπάνιες στα μέσα κοινωνικής δικτύωσης προέρχονται από εταιρείες και ανθρώπους που πραγματικά ενδιαφέρονται και αγαπούν το συγκεκριμένο χώρο. Θα πρέπει επίσης να κατανοήσετε πως ούτε το κοινό των social media ούτε και οι εταιρείες που ασχολούνται με το συγκεκριμένο χώρο δεν είναι απρόσωπες και χωρίς αντίληψη. Ο χώρος των μέσων κοινωνικής δικτύωσης έχει ιδιαίτερα αυξημένα αισθητήρια.

6. Έλλειψη κατεύθυνσης: Η στρατηγική παίζει πολύ σημαντικό ρόλο όχι μόνο στην επιχειρηματικότητα αλλά και στα μέσα κοινωνικής δικτύωσης. Σε περίπτωση που επιθυμείτε μία καμπάνια αποδοτική θα πρέπει να δημιουργήσετε ή καλύτερα να χτίσετε και μάλιστα βήμα – βήμα τη στρατηγική που ταιριάζει στις ανάγκες και το πελατολόγιό σας.

7. Ενημέρωση του κοινού εις το ενημερωτικότερον: Σε περίπτωση που αποφασίσετε να θέσετε σε εφαρμογή μια καμπάνια σας στα μέσα κοινωνικής δικτύωσης, θα πρέπει να ενημερώσετε παράλληλα και τους πελάτες και συνεργάτες σας για τις ενέργειές σας μέσα από την εταιρική ιστοσελίδα σας. Ιδανικά θα πρέπει να δίνετε τη δυνατότητα από κάθε μέσο με το οποίο επικοινωνείτε καθημερινά με την αγορά που σας ενδιαφέρει να γνωρίζει την παρουσία σας στα social media. Υπάρχουν μάλιστα, ειδικά τον τελευταίο καιρό, και πολλά νέα εργαλεία τα οποία δίνουν τη δυνατότητα άμεσης προώθησης περιεχομένου από ιστοσελίδες σε social media και το αντίστροφο. Με τον τρόπο αυτό εξασφαλίζετε ότι το κοινό που σας ακολουθεί, ακόμη κι αν δεν συνεργάζεται μαζί σας, σίγουρα κάποια στιγμή θα κάνει το πρώτο βήμα.

8. Έλλειψη αφοσίωσης: Σε περίπτωση που δεν ανταποκρίνεστε στα αιτήματα, στις ερωτήσεις και τις απορίες των ατόμων που σας παρακολουθούν μέσω των social media, τότε να είστε βέβαιοι πως τα άτομα αυτά θα στραφούν άμεσα και χωρίς περιστροφές αλλού. Μία ακόμη σημαντική λεπτομέρεια που όμως κάνει τη διαφορά είναι και το γεγονός ότι δεν χρειάζεται να διστάζετε να αναφέρεστε ακόμη και σε ανταγωνιστικές λύσεις ή προϊόντα προς το κοινό σας. Αυτό θα σας δώσει σίγουρα σημαντικό κύρος και πολύ μεγάλες πιθανότητες να αυξήσετε την αξιοπιστία σας.

Read more:

Φωτοβολταϊκά και τα ποσοστά!

Φωτοβολταϊκά: “ορατή” η πριμοδότηση του ελληνικού εξοπλισμού – Τα ποσοστά



Τον περασμένο Φεβρουάριο τέσσερις ελληνικές εταιρείεςπαραγωγής εξοπλισμού για φωτοβολταϊκά κατέθεσαν πρόταση θέσπισης συγκεκριμένων οικονομικών κινήτρων για τους επενδυτές που θα επιλέγουν εγχώρια προϊόντα.

Συγκεκριμένα, οι εταιρείεςExelGroup, Heliosphera, Alumil καιNOE/Aluset, είχαν ζητήσει υψηλότερη εγγυημένη τιμή στα έργα που χρησιμοποιούν ευρωπαϊκά προϊόντα σε ποσοστό άνω του 70%, σύμφωνα με το ιταλικό πρότυποπου προβλέπει 3 λεπτά επιπλέον ανά Κιλοβατώρα ενέργειας. Κι αυτό γιατί καθίστανται μη βιώσιμες εξαιτίας του κινεζικού ανταγωνισμού (διαβάστε περισσότερα εδώ).

Το αίτημα των ελληνικών επιχειρήσεων είχε λάβει θετική γνωμοδότηση από το δικηγορικό γραφείο «Μεταξάς & Συνεργάτες».

Πλέον, όπως αναφέρει το energypress, η εν λόγω πρόταση έχει κατατεθεί εκ νέου, στη νέα ηγεσία του ΥΠΕΚΑ και συγκεκριμένα στον αρμόδιο υφυπουργό Ασημάκη Παπαγεωργίου.

Το ποσοστό του ευρωπαϊκού εξοπλισμού θα πιστοποιεί, σύμφωνα με το νέο σχέδιο, ο Λειτουργός της Αγοράς.

Παράλληλα, την ευρωπαϊκή προέλευση θα πιστοποιούν φορείς μέλη του IECEE (International Electrotechnical Commission system of Conformity, Assessment Schemes for Electrotechnical Equipment and Components).

Σύμφωνα με το energypress, το σχέδιο της ΥΑ προβλέπει τέσσερις κλίμακες προσαύξησης επί των τιμών που κάθε φορά προβλέπονται για ηλεκτρική ενέργεια που παράγεται μέσω φωτοβολταϊκών σταθμών.:

-10% για σταθμούς έως 100kw
-8% για σταθμούς 100 έως 500kw
-6% για σταθμούς άνω των 500kw έως 2MW
-4% για σταθμούς άνω των 2MW.

Αναμένονται οι τελικές αποφάσεις του ΥΠΕΚΑ το οποίο φέρεται θετικά διακείμενο στις προτάσεις των εταιρειών.

—Ανακοίνωση του ΣΕΒΦΩ

Ανακοίνωση για το θέμα εξέδωσε και Σύνδεσμος Ελληνικών Βιομηχανιών Φωτοβολταϊκών (ΣΕΒΦΩ), ο οποίος διέψευσε την ανάθεση της γνωμοδότησης στο δικηγορικό γραφείο “Μεταξάς & Συνεργάτες”. Τάχθηκε επίσης υπέρ της θέσπισης μπόνους στον ευρωπαϊκό εξοπλισμό κάνοντας μνεία στα προβλήματα που αντιμετωπίζει ο κλάδος (μείωση εγγυημένων τιμών, κινεζικός ανταγωνισμός κλπ).

Αναλυτικότερα, ο ΣΕΒΦΩ ανακοίνωσε τα εξής:

Με αφορμή δημοσιεύματα σχετικά με την έκδοση Υπουργικής Αποφάσεως για την προσαύξηση κατά 10% της τιμής της παραγόμενης ενέργειας από φωτοβολταϊκές εγκαταστάσεις στις οποίες εγκαθίσταται Ευρωπαϊκός φωτοβολταϊκός εξοπλισμός, ο Συνδέσμος Ελληνικών Βιομηχανιών Φωτοβολταϊκών (ΣΕΒΦΩ) διευκρινίζει ότι ουδέποτε ανέθεσε στο δικηγορικό γραφείο «ΜΕΤΑΞΑΣ & ΣΥΝΕΡΓΑΤΕΣ» την επεξεργασία σχεδίου της Υπουργικής Αποφάσεως. Αποτελεί πάγια θέση του Συνδέσμου ότι η επεξεργασία του περιεχομένου Υπουργικών Αποφάσεων αποτελεί αντικείμενο της Πολιτικής Ηγεσίας ύστερα από οργανωμένο διάλογο με τους ενδιαφερόμενους φορείς.

Η ενίσχυση της Ευρωπαϊκής βιομηχανίας φωτοβολταϊκών και κατ’ επέκταση της σημαντικής εγχώριας βιομηχανίας που έχει αναπτυχθεί τα τελευταία χρόνια αποτελεί ζήτημα υψίστης σημασίας το οποίο πρώτος ο ΣΕΒΦΩ έθεσε υπόψη στην Πολιτική ηγεσία και υπεραμύνθηκε του μέτρου τεκμηριώνοντας το μέγεθος του προβλήματος και παραθέτοντας αντίστοιχα παραδείγματα που έχουν εφαρμοστεί με επιτυχία σε χώρες της Ευρώπης.

Ο συνεχώς εντεινόμενος από τις Ασιατικές βιομηχανίες ανταγωνισμός σε συνδυασμό με τα γεγονότα που μεσολάβησαν από τότε που θεσπίστηκε η δυνατότητα προσαύξησης των τιμών κατά 10% (Ν.4062/2012) μέχρι και σήμερα, ήτοι η πρόσφατη αναστολή αδειοδοτήσεων έργων ισχύος <1MW που δεν έχουν εξασφαλίσει Όρους Σύνδεσης και οι δραστικότατες περικοπές στα Feed in Tariffs που σε ορισμένες περιπτώσεις προσεγγίζουν το 50%, καθιστούν επιτακτική την επαναξιολόγηση της καταστάσεως ώστε μέσω ενός οργανωμένου διαλόγου και στα πλαίσια της δημόσια εκφρασμένης βούλησης της Πολιτικής Ηγεσίας για τόνωση της εγχώριας παραγωγής και την επίτευξη ανάπτυξης να προκύψει τελικά μια Υπουργική Απόφαση που θα επιφέρει τα προσδοκώμενα αποτελέσματα.”

Read more:

IMF – World Economic Outlook Update

Further Policy Action Needed

In the past three months, the global recovery, which was not strong to start with, has shown signs of further weakness. Financial market and sovereign stress in the euro area periphery have ratcheted up, close to end-2011 levels. Growth in a number of major emerging market economies has been lower than forecast. Partly because of a somewhat better-than-expected first quarter, the revised baseline projections in this WEO Update suggest that these developments will only result in a minor setback to the global outlook, with global growth at 3.5 percent in 2012 and 3.9 percent in 2013, marginally lower than in the April 2012 World Economic Outlook. These forecasts, however, are predicated on two important assumptions: that there will be sufficient policy action to allow financial conditions in the euro area periphery to ease gradually and that recent policy easing in emerging market economies will gain traction. Clearly, downside risks continue to loom large, importantly reflecting risks of delayed or insufficient policy action. In Europe, the measures announced at the European Union (EU) leaders’ summit in June are steps in the right direction. The very recent, renewed deterioration of sovereign debt markets underscores that timely implementation of these measures, together with further progress on banking and fiscal union, must be a priority. In the United States, avoiding the fiscal cliff, promptly raising the debt ceiling, and developing a medium-term fiscal plan are of the essence. In emerging market economies, policymakers should be ready to cope with trade declines and the high volatility of capital flows.

A better Q1, a worse Q2

Global growth increased to 3.6 percent (seasonally adjusted annual rate) in the first quarter of 2012, surprising on the upside by some ¼ percentage point compared with the forecasts presented in the April 2012 World Economic Outlook (Figure 1CSV|PDFTable 1). The upward surprise was partly due to temporary factors, among them easing financial conditions and recovering confidence in response to the European Central Bank‘s (ECB’s) longer-term refinancing operations (LTROs). Global trade rebounded in parallel with industrial production in the first quarter of 2012, which, in turn, benefited trade-oriented economies, notably Germany and those in Asia. For Asia, growth was also pulled up by a greater-than-anticipated rebound in industrial production, spurred by the restart of supply chains disrupted by the Thai floods in late 2011, and stronger-than-expected domestic demand in Japan.
Figure 1

Table 1. Overview of the World Economic Outlook Projections
(Percent change unless noted otherwise)
Year over Year
Projections Difference fromApril 2012 WEO Projections Q4 over Q4
Estimates Projections
2010 2011 2012 2013 2012 2013 2011 2012 2013
World Output 1/ 5.3 3.9 3.5 3.9 –0.1 –0.2 3.2 3.4 4.1
Advanced Economies 3.2 1.6 1.4 1.9 0.0 –0.2 1.2 1.4 2.2
United States 3.0 1.7 2.0 2.3 –0.1 –0.1 1.6 1.9 2.5
Euro Area 1.9 1.5 –0.3 0.7 0.0 –0.2 0.7 –0.2 1.2
    Germany 3.6 3.1 1.0 1.4 0.4 –0.1 2.0 1.0 1.8
    France 1.7 1.7 0.3 0.8 –0.1 –0.2 1.2 0.4 1.1
    Italy 1.8 0.4 –1.9 –0.3 0.0 0.0 –0.5 –1.9 0.4
    Spain –0.1 0.7 –1.5 –0.6 0.4 –0.7 0.3 –2.3 0.6
Japan 4.4 –0.7 2.4 1.5 0.4 –0.2 –0.5 1.9 2.2
United Kingdom 2.1 0.7 0.2 1.4 –0.6 –0.6 0.5 0.8 1.2
Canada 3.2 2.4 2.1 2.2 0.1 0.0 2.2 2.1 2.1
Other Advanced Economies 2/ 5.8 3.2 2.4 3.4 –0.2 –0.1 2.5 3.2 3.3
    Newly Industrialized Asian Economies 8.5 4.0 2.7 4.2 –0.6 0.0 3.0 4.4 3.6
Emerging and Developing Economies 3/ 7.5 6.2 5.6 5.9 –0.1 –0.2 5.8 5.9 6.5
Central and Eastern Europe 4.5 5.3 1.9 2.8 0.0 –0.1 3.8 1.5 3.6
Commonwealth of Independent States 4.8 4.9 4.1 4.1 0.0 –0.1 4.4 3.1 4.5
    Russia 4.3 4.3 4.0 3.9 0.0 –0.1 4.6 2.7 4.8
    Excluding Russia 6.0 6.2 4.5 4.5 –0.1 –0.1 . . . . . . . . .
Developing Asia 9.7 7.8 7.1 7.5 –0.3 –0.4 7.2 7.7 7.6
    China 10.4 9.2 8.0 8.5 –0.2 –0.3 8.9 8.4 8.4
    India 10.8 7.1 6.1 6.5 –0.7 –0.7 6.2 6.4 6.4
    ASEAN-5 4/ 7.0 4.5 5.4 6.1 0.0 –0.1 2.6 7.5 6.4
Latin America and the Caribbean 6.2 4.5 3.4 4.2 –0.3 0.1 3.6 3.5 5.1
    Brazil 7.5 2.7 2.5 4.6 –0.6 0.5 1.4 4.2 4.0
    Mexico 5.6 3.9 3.9 3.6 0.3 0.0 3.9 3.4 4.2
Middle East and North Africa 5.0 3.5 5.5 3.7 1.3 0.0 . . . . . . . . .
Sub-Saharan Africa 5.3 5.2 5.4 5.3 –0.1 0.0 . . . . . . . . .
    South Africa 2.9 3.1 2.6 3.3 –0.1 –0.1 2.6 2.8 3.7
European Union 2.0 1.6 0.0 1.0 0.0 –0.3 0.8 0.1 1.5
World Growth Based on Market Exchange Rates 4.2 2.8 2.7 3.2 0.0 –0.2 2.3 2.5 3.4
World Trade Volume (goods and services) 12.8 5.9 3.8 5.1 –0.3 –0.5 . . . . . . . . .
    Advanced Economies 11.5 4.4 1.9 4.2 0.0 0.1 . . . . . . . . .
    Emerging and Developing Economies 15.3 8.8 7.8 7.0 –0.6 –1.1 . . . . . . . . .
    Advanced Economies 12.2 5.4 2.3 4.3 0.0 –0.3 . . . . . . . . .
    Emerging and Developing Economies 14.4 6.6 5.7 6.2 –0.9 –1.0 . . . . . . . . .
Commodity Prices (U.S. dollars)
Oil 5/ 27.9 31.6 –2.1 –7.5 –12.4 –3.4 20.8 –7.7 –2.1
Nonfuel (average based on world commodity export weights) 26.3 17.8 –12.0 –4.3 –1.7 –2.2 –6.4 –3.9 –2.5
Consumer Prices
Advanced Economies 1.5 2.7 2.0 1.6 0.1 –0.1 2.8 1.8 1.7
Emerging and Developing Economies 3/ 6.1 7.2 6.3 5.6 0.1 0.0 6.5 5.8 3.9
London Interbank Offered Rate (percent) 6/
On U.S. Dollar Deposits 0.5 0.5 0.8 0.8 0.0 0.0 . . . . . . . . .
On Euro Deposits 0.8 1.4 0.7 0.6 –0.1 –0.2 . . . . . . . . .
On Japanese Yen Deposits 0.4 0.3 0.4 0.3 –0.2 0.2 . . . . . . . . .
Note: These forecasts incorporate information received through Friday, July 6, 2012. Real effective exchange rates are assumed to remain constant at the levels prevailing during May 7–June 4, 2012. When economies are not listed alphabetically, they are ordered on the basis of economic size. The aggregated quarterly data are seasonally adjusted.
1/The quarterly estimates and projections account for 90 percent of the world purchasing-power-parity weights.
2/Excludes the G7 and euro area countries.
3/The quarterly estimates and projections account for approximately 80 percent of the emerging and developing economies.
4/Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
5/Simple average of prices of U.K. Brent, Dubai, and West Texas Intermediate crude oil. The average price of oil in U.S. dollars a barrel was $104.01 in 2011; the assumed price based on futures markets is $101.80 in 2012 and $94.16 in 2013.
6/Six-month rate for the United States and Japan. Three-month rate for the euro area.

Developments during the second quarter, however, have been worse (Figure 2:CSV|PDF). Relatedly, job creation has been hampered, with unemployment remaining high in many advanced economies, especially among the young in the euro area periphery.
Figure 2
The euro area periphery has been at the epicenter of a further escalation in financial market stress, triggered by increased political and financial uncertainty in Greece, banking sector problems in Spain, and doubts about governments’ ability to deliver on fiscal adjustment and reform as well as about the extent of partner countries’ willingness to help. Escalating stress in periphery economies has manifested itself along lines familiar from earlier episodes, including capital outflows, a renewed surge in sovereign yields (Figure 3CSV|PDF), adverse feedback loops between sovereign stresses and banking sector funding problems, increases in Target 2 liabilities of periphery central banks, further bank deleveraging, and contraction in credit to the private sector. The stabilizing effects of the ECB’s LTROs in periphery financial markets have thus eroded. On the real side, leading economic indicators presage renewed contraction of activity in the euro area as a whole in the second quarter.
Figure 3
Incoming data for the United States also suggest less robust growth than forecast in April. While distortions to seasonal adjustment and payback from the unusually mild winter explain some of the softening, there also seems to be an underlying loss of momentum. Negative spillovers from the euro area, limited so far, have been partially offset by falling long-term yields due to safe haven flows (see below).

Growth momentum has also slowed in various emerging market economies, notably Brazil, China, and India. This partly reflects a weaker external environment, but domestic demand has also decelerated sharply in response to capacity constraints and policy tightening over the past year. Many emerging market economies have also been hit by increases in investor risk aversion and perceived growth uncertainty, which have led not only to equity price declines, but also to capital outflows and currency depreciation. In global financial markets (Figure 4CSV|PDF), prices of risky assets declined during much of the second quarter, notably equity prices, while yields on safe haven bonds (Germany, Japan, Switzerland, and the United States) retreated to multidecade lows (see also the July 2012 Global Financial Stability Report Market Update). With some of the capital flows into perceived safe assets occurring within the euro area, the weakening of the euro has been limited. However, sovereign debt markets in the euro area periphery remain unsettled.
Figure 4
Commodity prices have also fallen. Among major commodities, prices of crude oil declined the most in the second quarter—at about $86 a barrel, they are some 25 percent below their mid-March highs—given the combined effects of weaker global demand prospects, easing concerns about Iran-related geopolitical oil supply risks, and continued above-quota production by the Organization of Petroleum Exporting Countries (OPEC) members.

Global growth weak through 2012

The baseline projections in this WEO Update incorporate weaker growth through much of the second half of 2012 in both advanced and key emerging market economies, reflecting the setbacks to the global recovery discussed above. The near-term forecasts are based on the usual assumption of current policies, with two important qualifications:

  • The projections assume that financial conditions in the euro area periphery will gradually ease through 2013 from the levels reached in June this year, predicated on the assumption that policymakers will follow up on the positive decisions agreed upon at the June EU leaders’ summit and will take action as needed if conditions deteriorate further.
  • The projections also assume that current legislation in the United States, which implies a mandatory sharp reduction in the federal budget deficit—the so-called fiscal cliff—will be modified so as to avoid a large fiscal contraction in the near term.

Overall, global growth is projected to moderate to 3.5 percent in 2012 and 3.9 percent in 2013, some 0.1 and 0.2 percentage point, respectively, lower than forecast in the April 2012 WEO (Table 1). In view of a stronger-than-expected first quarter outcome, weaker global growth in the second half of 2012 will primarily affect annual growth in 2013 through base effects.

Growth in advanced economies is projected to expand by 1.4 percent in 2012 and 1.9 percent in 2013, a downward revision of 0.2 percentage point for 2013 relative to theApril 2012 WEO. The downward revision mostly reflects weaker activity in the euro area, especially in the periphery economies, where the dampening effects from uncertainty and tighter financial conditions will be strongest. Owing mainly to negative spillovers, including from uncertainty, growth in most other advanced economies will also be slightly weaker, although lower oil prices will likely dampen these adverse effects.

Growth in emerging and developing economies will moderate to 5.6 percent in 2012 before picking up to 5.9 percent in 2013, a downward revision of 0.1 and 0.2 percentage point in 2012 and 2013, respectively, relative to the April 2012 WEO. In the near term, activity in many emerging market economies is expected to be supported by the policy easing that began in late 2011 or early 2012 and, in net fuel importers, by lower oil prices, depending on the extent of the pass-through to domestic retail prices (which is often incomplete).

Growth is projected to remain relatively weaker than in 2011 in regions connected more closely with the euro area (Central and Eastern Europe in particular). In contrast with the broad trends, growth in the Middle East and North Africa will be stronger in 2012–13 relative to last year, as key oil exporters continue to boost oil production and domestic demand while activity in Libya is rebounding rapidly after the unrest in 2011. Similarly, growth in sub-Saharan Africa is expected to remain robust in 2012–13, helped by the region’s relative insulation from external financial shocks, and revisions to the growth outlook since the April 2012 WEO are modest.

Global consumer price inflation is projected to ease as demand softens and commodity prices recede. Overall, headline inflation is expected to slip from 4½ percent in the last quarter of 2011 to 3–3½ percent in 2012–13.

The global recovery remains at risk

Downside risks to this weaker global outlook continue to loom large. The most immediate risk is still that delayed or insufficient policy action will further escalate the euro area crisis. In this regard, agreements reached at the EU leaders’ summit are steps in the right direction. But further steps are needed, notwithstanding high implementation hurdles, as underscored by the very recent deterioration in sovereign debt markets. The situation in the euro area crisis economies will likely remain precarious until all policy action needed for a resolution of the crisis has been taken (see below). Other downside risks relate to fiscal policy in other advanced economies:

  • In the short term, the main risk relates to the possibility of excessive fiscal tightening in the United States, given recent political gridlock. In the extreme, if policymakers fail to reach consensus on extending some temporary tax cuts and reversing deep automatic spending cuts, the U.S. structural fiscal deficit could decline by more than 4 percentage points of GDP in 2013. U.S. growth would then stall next year, with significant spillovers to the rest of the world. Moreover, delays in raising the federal debt ceiling could increase risks of financial market disruptions and a loss in consumer and business confidence.
  • Another risk arises from insufficient progress in developing credible plans for medium-term fiscal consolidation in the United States and Japan—the flight to safety in global bond markets currently mitigates this risk. In the absence of policy action, medium-term public debt ratios would continue to move along unsustainable trajectories. As the global recovery advances, a lack of progress could trigger sharply higher sovereign borrowing costs in the United States and Japan as well as turbulence in the global bond and currency markets.

Downside risks to growth in emerging market and developing economies seem primarily related to external factors in the near term. The slowdown in emerging market growth since mid-2011 has been partly the result of policy tightening in response to signs of overheating. But policies have been eased since, and this easing should gain traction in the second half of 2012.

Nevertheless, concerns remain that potential growth in emerging market economies might be lower than expected. Growth in these economies has been above historical trends over the past decade or so, supported in part by financial deepening and rapid credit growth, which may well have generated overly optimistic expectations about potential growth. As a result, growth in emerging market economies could be lower than expected over the medium term, with a correspondingly smaller contribution to global growth. Also of concern are risks to financial stability after years of rapid credit growth in the current environment of weaker global growth, elevated risk aversion, and some signs of domestic strain. Among low-income countries, those dependent on aid face risks of lower-than-expected budget support from advanced economies, while commodity exporters are vulnerable to further erosion of commodity prices. In the medium term, there are tail risks of a hard landing in China, where investment spending could slow more sharply given overcapacity in a number of sectors.

On the positive side, oil price risks have abated in recent months, reflecting the interaction of changes in prospective market conditions and perceived geopolitical risks. Supply conditions have improved due to increased production in Saudi Arabia and other key exporters, while demand prospects have weakened and are subject to downside risks. With geopolitical risks to oil supply widely perceived to have declined, risks to oil price projections appear more evenly balanced now, while those around prices of non-oil commodities tilt downward.

Crisis management remains the top priority

The utmost priority is to resolve the crisis in the euro area. The recent agreements, if implemented in full, will help to break the adverse links between sovereigns and banks and create a banking union. In particular, once the agreed-upon single supervisory mechanism for euro area banks is established, the European Stability Mechanism (ESM) would be able to recapitalize banks directly. Moreover, ESM assistance will not carry seniority status for Spain—an important step to support market confidence. In addition, the leaders re-affirmed a willingness to consider secondary purchases of sovereign bonds by the European Financial Stability Facility (EFSF) and the ESM.

But these measures must be complemented by more progress on banking and fiscal union. In addition, the periphery countries need to remain on track with their policy reform commitments, for which they need a supportive financial and growth environment that must be facilitated by the ECB and other euro-area-level facilities. These tasks require policy measures in several areas:

  • A credible commitment toward a robust and complete monetary union. By setting in motion a process toward a unified supervisory framework, the European summit put in place the first building block of a banking union. But other necessary elements, including a pan-European deposit insurance guarantee scheme and bank resolution mechanism with common backstops, need to be added. In the shorter term, timely implementation will be essential, including through the ratification of the ESM by all members. In addition, these steps would usefully be complemented by plans for fiscal integration, as anticipated in the report of the “Four Presidents” submitted to the summit.
  • The viability of the monetary union must also be supported by wide-ranging structural reforms throughout the euro area to raise growth and resolve intra-area current account imbalances.
  • Demand support and crisis management are essential in the short term to cushion the impact of the region’s adjustment efforts and maintain orderly market conditions (as assumed in the baseline projections).
  • There is room for monetary policy in the euro area to ease further. In addition, the ECB should ensure that its monetary support is transmitted effectively across the region and should continue to provide ample liquidity support to banks under sufficiently lenient conditions. This might require nonstandard measures, such as reactivation of the Securities Market Programme, additional LTROs with lower collateral requirements, or the introduction of QE-style asset purchases.
  • Fiscal consolidation plans in the euro area must be implemented. In general, attention should be paid to meeting structural fiscal targets, rather than nominal targets that will likely be affected by economic conditions. Automatic stabilizers should thus be allowed to operate fully in economies not subject to market pressure. Considering the large downside risks, economies with limited fiscal vulnerability should stand ready to implement fiscal contingency measures if such risks materialize.

In other major advanced economies, monetary policy also needs to respond effectively, including with further unconventional measures, to a much weaker near-term environment that will dampen price pressures. In view of somewhat weaker global growth, automatic stabilizers should be allowed to operate fully, while fiscal consolidation plans might need to be recalibrated if large downside risks materialize (see the July 2012 Fiscal Monitor Update). In the United States, it will be critical to reach transparent, bipartisan agreements to avoid a fiscal cliff in the near term and to raise the federal debt ceiling well ahead of the deadline (which will most likely be early in 2013). At the same time, both the United States and Japan need more credible plans to put medium-term government debt on a downward track. In Japan, a full Diet approval—after passage in the Lower House—of a gradual increase in the consumption tax rate is essential to maintain confidence in the authorities’ resolve to put public debt on a sustainable trajectory.

In emerging and developing economies, policymakers should stand ready to adjust policies, given spillovers from weaker advanced economy prospects and slowing export growth and volatile capital flows. That said, the need for and the nature of the desirable policy response vary considerably across emerging market economies because of differences in their cyclical positions. In some, recent growth declines have primarily reflected normalization to trend, and policies must thus avoid rekindling overheating pressures, with due consideration of risks that potential growth could be lower than expected. However, in economies where inflation and credit pressures have already eased credibly or where inflation expectations remain firmly anchored, further cuts in policy rates could be considered to help alleviate weakening economic conditions. In economies where inflation and credit pressures have not eased significantly, targeted measures could be considered should bank liquidity or funding pressures arise in the context of the current unsettled global financial environment. Economies with sustainable public finances and market financing at sustainable rates should allow automatic stabilizers to play fully, while those with large fiscal and external surpluses could consider fiscal support. Finally, with growth slowing and after many years of rapid credit growth, enhanced risk-based prudential regulation and supervision and macroprudential measures that address financial risks should take top priority.

The global competiteveness review 2012-2013

Global competiteveness review 2013

Pdf format:


Part 1: Measuring Competitiveness 1
1.1 The Global Competitiveness Index 3
2012–2013: Strengthening Recovery by Raising Productivity
by Xavier Sala-i-Martín, Beñat Bilbao-Osorio, Jennifer
Blanke, Roberto Crotti, Margareta Drzeniek Hanouz,
Thierry Geiger, and Caroline Ko
1.2 Assessing the Sustainable Competitiveness 49
of Nations
by Beñat Bilbao-Osorio, Jennifer Blanke, Roberto Crotti,
Margareta Drzeniek Hanouz, Brindusa Fidanza, Thierry
Geiger, Caroline Ko, and Cecilia Serin
1.3 The Executive Opinion Survey: The Voice 69
of the Business Community
by Ciara Browne, Thierry Geiger, and Tania Gutknecht
Part 2: Data Presentation 79
2.1 Country/Economy Profiles 81
How to Read the Country/Economy Profiles …………………………….83
Index of Countries/Economies ………………………………………………..85
Country/Economy Profiles ……………………………………………………..86
2.2 Data Tables 375
How to Read the Data Tables ……………………………………………….377
Index of Data Tables ……………………………………………………………379
Data Tables ……………………………………………………………………….381
Technical Notes and Sources 519
About the Authors 523
Acknowledgments 527

‘The financial crisis is an urban crisis’

David Harvey: ‘The financial crisis is an urban crisis’ – video

David Harvey, theorist and author of Rebel Cities: From the Right to the City to the Urban Revolution, says that postwar capitalism can be understood with reference to the history of urbanisation and suburbanisation. Urban investment gets you out of a crisis but defines what the next crisis is going to look like, he argues. The emerging powers of the east are now in the midst of a massive urbanisation project and could fall victim to the same outcome.


Read more:

China boosts economy with £99bn!

Stock markets across Asia soar on hopes world’s second largest economy will drive global recovery


China has announced a trillion yuan (£99bn) of infrastructure projects in a bid to revive economic growth, raising hopes that the world’s second largest economy will drive a recovery across the globe.

Stock markets in Asia soared on the news, with the main Chinese share index up 3.7% on the day. Markets were already buoyed by the announcement of the ECB’s plan to save the euro by buying up the bonds of distressed eurozone countries in unlimited quantities.

Over the past two days, Beijing has announced plans to build highways, waterways, urban rail projects and waste water treatment plants, estimated to cost more than 1tn yuan, some 2% of China’s total economy.

The Chinese government did not describe the investments as a stimulus package, but analysts said the approvals signalled a shift in policy. Zhang Zhiwei, economist at Nomura, said: “Apart from the large sizes of the projects, the announcements were all made in two days, which is very intense. It signals a change in policy stance, which is now much more proactive.”

He said the projects were likely to begin in the coming months and the impact could be reflected in fourth quarter GDP. Chinese growth slowed to 7.6% in the second quarter, its lowest in three years, and grim economic data out in the past few weeks suggests the slowdown could be even steeper in the third quarter.

The Chinese government has been expected to act to boost growth for some time, but has been wary of reinflating a property bubble and overstimulating the economy. It is thought the leadership has also been preoccupied with the once-in-a-decade leadership change taking place later this year.

Crucially, these new projects have been signed off by the central planning agency, meaning they are likely to proceed. Local governments in China have announced around 7tn yuan worth of projects over the past two months but analysts said funding shortages would scupper the plans. Once projects have Beijing’s approval, however, funding is seen as a formality.



Pinterest’s Impact on Users and on Your Brand

We’ve mentioned Pinterest numerous times—enough to show we’re Pin-crazy.

But we’re not the only ones!

To back us up on our Pin interest, Compete has published charts about Pinterest’s growth and its impact on marketers.

Some quick stats:

  • Pinterest has grown from 700,000 to 20,000,000 unique users in the past year; that’s already almost half the number of Twitter‘s users.
  • It is cannibalizing other social media: Compete attributed a 3% decline in Facebook activity in June to users’ preferences for Pinning.
  • 1 in 4 users spend less time on other social media in Pinterest’s favor, with 15% of Pinterest users saying they don’t use any other social sites.
  • That number’s even higher, 23%, among those with an income of less than $30,000.

The food industry is a big Pin winner: 57% of users interact with food-related content on the site, which benefits other sites.Traffic from Pinterest to, for instance, was up 16% when Compete took a look. And Kraft captured an additional 4% share of Pinterest traffic in May.

But it isn’t just foodies building Boards: 25% of customers purchased a product or service after discovering it on Pinterest—with that figure rising to 37% among males!

Compete’s suggestions for marketers seeking to Pin down a profit:

  • Measure the difference in user engagement and purchasing behavior before and after exposure to specific categories, brands, or products on Pinterest.
  • Isolate differences in purchase and engagement behavior across given demographics, including age, income, and gender.
  • Compare how the engagement/purchasing behavior of users on Pinterest compares with Facebook.
  • Quantify the impact that exposure to Pinterest has on brand or product loyalty.

To start, we recommend checking out our tips for masterful Pinmanship, and three useful measurements for tracking Pinterest traffic.

The Po!nt: Knowledge is power. Using Pinterest lets you leverage user behavior in nuanced and positive ways. So determine who loves your Pins, and what Pins work best, to improve your long-term strategy.

Read more:

The State of Play in Biofuel Subsidies

Are policies ready to shift?

» Mark Halle, Nestlé, 2012.Video (60:00), copyright of: Nestlé


June 19, 2012 – RIO DE JANEIRO – The GSI report State of Play on Biofuel Subsidies: Are policies ready to shift? was launched at a special discussion on biofuel subsidies organized by Nestlé S.A. on the Business Day at the UN Conference on Sustainable Development Rio+20.

The video below is a record of the full event, including contributions of the following speakers:

The video concludes with a question and answer session and discussion amongst the audience and the panelists.


Source of Information

Technorati Author Verification


Spyros Langkos


Thanks for stopping by my page.
 I ‘m going to assume that since you are at the About me section of my page you might want to know a little about me. I know i am supposed to let you know that i am a team player who has great enthusiasm for design, boatin or something. 
Well I’ d like to think that in life and work that is a given…I like to think myself as fun person who has the ability to find inpiration in the everyday. I have the passion and the outlook on the everyday to make it extraordinary!!!

via Spyros Langkos.