Economy and Business

National business summit to convene this week

2009-06-15T07:44:00.000-07:00

Executives, politicians, academics meet to find solutions to current crisis

The country’s economic troubles already were brewing when organizers announced in September that business and other leaders would gather here to craft a plan for keeping the U.S. competitive in manufacturing, energy, technology and environmental efforts.

But few predicted the plunge to follow: Banks failed, stocks tanked, homes foreclosed and two once-mighty U.S. automakers landed in bankruptcy court. Congress has poured billions into hopeful fixes, and the new president has made it a personal mission to right the nation’s ship.

So, where does that leave the three-day National Summit, which starts Monday and brings more than 90 leaders from the public and private sectors to the especially hard-hit Motor City? The answer: scaled back but no less determined to do something.
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“The need is more crucial now,” said Tom Dekar, a vice chairman of accounting and consulting firm Deloitte LLP, which helped create the conference.

“I think we may be where we are because we did not have the right policy set in each of those topic areas,” he said. “Had we had a better set of policies in the industrial sector, had we looked at automotive market as a market ... we might not be where we are today.”

Conference organizers initially hoped to draw as many as 5,000 to Ford Field, home of the NFL’s Detroit Lions, but to cut costs they moved it to the Detroit Marriott Renaissance Center. Nearly 3,000 are expected to attend. The summit is being convened by the Detroit Economic Club.

Still, the vision hasn’t changed: assemble leaders from business, government and academia to discuss issues facing the four sectors and come up with recommendations for increasing the nation’s competitiveness. Organizers hope the summit’s nonpartisan approach offers credibility to the ideas among policy-makers.

The conference includes dozens of top executives from corporations such as Microsoft Corp., Delta Air Lines Inc., ConocoPhillips Co., Citigroup Inc., Dow Chemical Co., General Motors Corp. and Ford Motor Co. Members of the Obama administration expected to attend include Commerce Secretary Gary Locke and Van Jones, special adviser for green jobs, enterprise and innovation.

Dekar said the government’s heavy involvement in the government-led restructuring of GM and Chrysler LLC doesn’t dissuade conference leaders from offering recommendations. He said the U.S. auto industry illustrates what they can do beyond the scope of internal reorganization.

“They enjoyed 100 percent of the market share in the 1940s, ’50s and ’60s ... then along came the transplants who didn’t have the same kinds of costs,” Dekar said. “Given we are where we are, what do you really want it to be in the future? How do we ensure the marketplace is fair to all participants?”

The focus on the marketplace concerns organizers of the People’s Summit, a simultaneous alternative gathering consisting of marches, rallies and workshops.

“The whole thrust of the summit, in our opinion, is misguided,” said spokesman Abayomi Azikiwe, a Detroit community activist. “The financial community, as well as the industrialists, have created the conditions for the worst economic crisis we’ve faced in 75 years. We don’t feel they have a solution.”

He said the People’s Summit is advocating for foreclosure and eviction moratoriums, full-employment programs and national health insurance.

Dekar said backlash based on the current economic condition is understandable but the National Summit’s attendees and agenda are important to finding ways out of it.

“We need a set of policies to remain competitive and be leaders in the world,” he said. “We’ve got to cure ourselves first, before we can be of benefit to the rest of the world.”

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Government’s role starts to chafe Big Business

2009-06-14T07:19:00.000-07:00

As crisis starts to slowly give way, movement to get Feds out of exec suite

By Theo Francis

It remains an open question whether the much-heralded "green shoots" truly signal a turn toward a U.S. economic recovery. What's clearer is that the business backlash against government is well under way.

Not so long ago, business and policymakers alike were calling for Uncle Sam to step in and stop the bleeding — in the financial sector, at the automakers, in the housing and job markets. Most of the sniping that occurred came as various government figures criticized one another for doing too little. Now, however, the grousing is shifting to arguments that the government is overstepping that subjective line between helpful intervention and harmful meddling, including in areas where business only recently welcomed Uncle Sam's dollars.

"They're making business decisions in a way that is political," John A. Allison IV, chairman of BB&T Bank, told BusinessWeek at a Beltway gala on June 11. BB&T was cleared this past week to return $3.1 billion in federal bailout money. "Where does it stop? The people making the decisions don't have the knowledge of the industries, of the institutions, to make good business decisions."
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Certainly, last week brought plenty of revelations about the government's role as an activist investor, both now and at the height of the crisis. The Treasury unveiled broad principles for executive compensation and backed legislation to give the Securities & Exchange Commission and shareholders more say in how compensation policy is shaped; it also appointed a "pay czar" to police compensation at the seven companies that have received repeated federal aid.

The Food & Drug Administration got the go-ahead to regulate tobacco as a drug. The Supreme Court stood aside, letting the Obama Administration's plan for Fiat to acquire Chrysler go through, despite arguments by some creditors that it stood on end the usual bankruptcy process. And the Administration's role became clearer in everything from picking board members and top executives to "changing the culture" of also-bankrupt General Motors.

On Capitol Hill, indignant lawmakers listened as Bank of America CEO Kenneth Lewis described the pressure he felt late last year at the hands of Fed Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson to go consummate the acquisition of an ever-shakier Merrill Lynch.

So perhaps it should come as no surprise that the U.S. Chamber of Commerce — perhaps the business lobby's most persistent voice against government regulation — picked this week to launch its "Campaign for Free Enterprise." Declaring that "capitalism is at a crossroads," Chamber officials called the effort to "defend and advance America's free enterprise values in the face of rapid government growth and attacks by anti-business activists … one of the most important and necessary initiatives in [the Chamber's] nearly 100-year history." Two days later, the Chamber sent an open letter to Senator John Thune (R-S.D.) supporting a "transparent exit strategy to ensure the timely withdrawal of the federal government from these most extreme and unusual forms of intervention."

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The Republican Party of Florida put it a little more bluntly, headlining its criticism of the Obama Administration's forays into business (and some other issues) "Back in the USSR" and decrying that the Administration has more czars — over health care, autos, executive pay, and more — than did three centuries of Romanov rule. (Never mind that some of the U.S. czars date to GOP Administrations or that the Romanovs and the Union of Soviet Socialist Republics didn't exactly overlap.)

The Administration's approach has real dangers. Attempting to reorganize and tinker with the culture of a giant corporation like GM is risky in the best of times. Taxpayers may find themselves hopelessly entangled in lost corporate causes, with billions of loans never returned. Companies that are shackled with pay restrictions may lose top talent to those that aren't. Countless historical examples show the potential for unintended consequences from well-intended policies. (Just one example: the costly distortions in employee titles and pursuit of tax loopholes that followed imposition of government wage and price controls.)

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Citigroup to split as losses grow

2009-01-16T15:17:00.000-08:00

Citigroup was bailed out by the US government in November

Struggling US banking giant Citigroup has announced plans to split the firm in two, as it reported a quarterly loss of $8.29bn (£5.6bn).

(BBC UK) It said it would realign into two new firms, Citicorp and Citi Holdings.

Citicorp will handle the company's traditional banking work, while Citi Holdings will take on the firm's riskiest investment assets.

Last autumn, Citigroup had to be rescued by the US government in a bail-out deal totalling $45bn.

The government also agreed to guarantee up to $306bn (£205bn) of risky loans and securities on Citigroup's books.

'Ongoing efforts'

"Given the economic and market environment, we have decided to accelerate the implementation of our strategy to focus on our core businesses," said Citigroup chief executive Vikram Pandit.

"This will help in our ongoing efforts to reduce our balance sheet and simplify our organisation.

"We are setting out a clear roadmap to restore profitability."

Citigroup's net loss for the last three months of 2008 works out at $1.72 per share, worse than analyst expectations of $1.31.

Its quarterly revenues were down 13% to $5.6bn, which Citigroup said reflected "the impact of a difficult economic environment and weak capital markets".

"I think people knew it was going to be bad, but I'm surprised it's this bad," said Matt McCormick, portfolio manager at Bahl & Gaynor Investment Counsel in Cincinnati.

Good and bad

Analysts say the split essentially puts Citigroup's solid and profitable consumer banking interests in the hands of the new Citicorp, while the bad investment debts that forced it to seek government help go into Citi Holdings.

This will enable Citicorp to return to profitability much quicker than would have been possible for Citigroup as a single firm.

CITIGROUP SPLIT

Citicorp - to have responsibility for universal banking operations

Citi Holdings - to take on the firm's brokerage and investment interests, and a special pool of loss-making assets

The rise and fall of Citigroup

Meanwhile, the bosses at Citi Holdings will have the arduous task of sorting through the mass of bad debt, picking out what can be salvaged.

Citigroup said it was now looking for a "strong manager" to head Citi Holdings.

Redundancies

For 2008 as a whole, the bank made a net loss of $18.72bn.

It blamed the losses on having to write-off bad debt and the cost of making redundancies.

The firm cut 52,000 jobs last year as its losses mounted against the backdrop of the sharp downturn in the US mortgage market and the resulting global credit crunch.

"We are committed to helping the financial markets recover as quickly as possible," added Mr Pandit.

The firm added that it also expected further departures from its board of directors.

It was announced last week that director Robert Rubin, a former US Treasury Secretary is to leave the firm.

Bank of America

Citigroup's announcement comes after news that rival Bank of America is to receive $20bn in fresh US government aid and $118bn worth of guarantees against bad assets.

The emergency funding will help the troubled bank - the US's largest - absorb the losses it incurred when it bought Merrill Lynch.

Bank of America has already received $25bn in capital injections from the Troubled Assets Relief Programme, known as Tarp, the bail-out fund designed to rescue banks reeling from the financial crisis.

In another development, the Irish government has said it is to nationalise the Anglo Irish Bank after its funding problems continued.

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by wahzhu

Markets start year on upbeat note

2009-01-02T22:27:00.000-08:00

World stock markets have started the year on a positive note, gaining ground after shares saw record falls in 2008.

In London, the FTSE 100 index was up by 2.88% at close and in France and Germany the major indexes had risen by 4.09% and 3.39% respectively.

At close on Wall Street, the Dow Jones ended the day 2.94% ahead.

However, analysts said gains might not be sustainable, with many market participants still on holiday and low trading volumes.

'Distant horizons'

"It is customary to greet the New Year with a surge of optimism," said Stephen Lewis, an analyst at Monument Securities.

"Past cares are buried as eyes are raised to more distant horizons."

2008 - MAJOR MARKET FALLS
New York - down 33.84%
London - down 31.3%
Paris - down 42.7%
Frankfurt - down 40.4%
Mumbai - down 51.9%
Singapore - down 49.2%
Sydney - down 41.3%
Hong Kong - down 48.3%
Shanghai - down 65.2%
Tokyo - down 42.1%

The FTSE 100 had suffered its worst year on record in 2008 - a fall of 31.3%.

In Asia, South Korea's main stock index closed up 2.9% at 1,157.40 points. Hong Kong's Hang Seng index rose 4.6% and Indian shares climbed 0.6%.

Markets in Japan and China were closed for a public holiday.

At close in the US, the Nasdaq was also ahead, by 3.50%, and the S&P 500 was up 3.16%.

Record falls

Global markets saw record falls in 2008 as the financial turmoil and economic slowdown ended the stock market boom.

Shanghai was one of the worst-hit major markets, ending the year 65% lower, which was also a record loss.

In New York, the Dow Jones lost almost 34% of its value in 2008, its worst year since 1931.

The year saw the credit crisis push several major economies into recession, with banks particularly badly hit - many requiring government bail-outs.

Whether the stock markets fall further in 2009 is a matter of debate.

Many investment strategists have written off any chance of a major rebound in at least the first six months of the new year, when company earnings could prove especially bleak.

TECHNOPRENEURSHIP: Incubator Carries On Business to get Technology basis Part 3

2008-12-31T15:36:00.000-08:00

Advanced

In period time that long, resident scholarship on “ box ” alone exclusive, pretend outcast of economy activity. Scholarship the world or we call with education, looked on don't be part of an economic system. Education the world is viewed as a places alone the world be built appreciative glorious, while economy the world is viewed as universalizes that fraught double-dealing, injustice, even pretend world tanpai assesses (value). Viewpoint that dichotomy that, in period so long time can't yet most bridge one good manners. Each party mooring to accentuate and claim as side as correctness the most.

One that needs us to know are that deep economic era that get scholarship basis, education constitutes to form from national development success a state. Even education cans be competitiveness top a state. In other words, education holds strategics role in advance nation economy. And it was proven by new industrial states as Singapore, Taiwan and Malaysia, whereabouts by building medium and infrastructure is serious ala education in ten the last years, that nation life qualities ever increasing.

How with Indonesia?. Up to tens of year, education was made by tool power politics, beginning of elementary education until college ladder. Accordingly education walks slow going (too slow), so can't run after change charge. Education has given contribution that significant to happening change or still measly (too little). Even education often times is slowed (too late) in adapts changing, so education drops behind and can't yet answer future daring. Its causal factor is because aught policy over and above patch embroider, also been made headlong ala. Even commanding being assessed haven't had vision and clear commitment educational.

So gets to be said that new Indonesia and doing changing education orientation of education that gets academic basis to education that gets interest basis. Here subject discussion about technopreneurship that needs to be developed. Really is not easily to be performed, but becomes one daring divide to advance this nation on proximately.

View the original file here

TECHNOPRENEURSHIP: Incubator Carries On Business to get Technology basis Part 2

2008-12-31T15:30:00.001-08:00

advanced

Changing by changing one happens of an epoch go to next epoch have delivered man enters digital era, an often times era evokes question: what we be still live at today or was living in the forthcoming. This question is evoked because well-nigh all something which originally doesn't be imagined will happen for the moment, with a bump appearance is before we. Pretend future can be pulled faster its existence of time that necessarily, technological upturned blessing information.

Communications technology and telematika's information or technology (information and communication technology –ICT) was admitted the world as one of medium and infrastructure is main to settle the world problems. telematika's technology is known as convergence of communications technology (communication), processing (computing) and information (information) one that dissemination uses multimedia's medium. Problem at the most Indonesian main is how solve digital difference problem that stills huge by grow develop innovation or technopreneur is telematika's industry. Technopreneurship or entrepreneur is technology constitutes to process and formation new effort that involve technology as basis it, with that expectation strategy and innovation creation in point coming can place technology as one of factor for developmental economic national.

Technological area entrepreneur (Technopreneur), notably technological information (TI) need to mark sense freedom in gets innovation, without has most rein by regulation what do on the contrary constrain. Progressively commanding loosen regulation's tights that manage grass root's movement TI's community at Indonesian, therefore will give positive impact as growing its TI Is alone and also its business aspect. It is momentous because understanding experience at the site, whereabouts happening often times bump among behalf warms up effort as unit of business that charges for always comports and get behaviour as entrepreneur and does changes, adjust among aught fact with changed charge and enlarges effort, but on the other side available Commanding behalf that may just at variance with behalf as an unit carry on business. Eventually in technopreneurship is required is ardour dominant competition, in order not to drops behind from turbulensi global business.

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President confident in the growth of 4.5 Percent

2008-12-31T15:30:00.000-08:00

JAKARTA, WEDNESDAY - President Susilo Bambang Yudhoyono is optimistic, even in the midst of the impact of the crisis situation, economic growth next year remains above 4.5 percent. Growth can be achieved if the government is working hard with the community to fulfilling.

It was delivered when the President gave the press after leading the Coordination Meeting on Building Financial Ministries, Jakarta, Wednesday (31/12) evening. The meeting lasted four hours was attended by Coordinating Minister for Economic Plt that dijabat Finance Minister Sri Mulyani Indrawati, Minister of Public Works Djoko Kirmanto, said Secretary of State and Minister Hatta Radjasa.

"The growth can be maintained with a fixed figure. This year could reach six percent growth next year but I believe it can be above 4.5 percent. That can be achieved if we all work hard," said the President.
According to President Yudhoyono, this month had occurred deflation. "Although not yet announced by the Central Statistics Agency, but I was informed that the deflation," he added.

President states next year, the government consider increasing the number of fiscal stimulus given to the real sector. "Indeed, until now, the figures have not been determined, because we still count. The government will increase fiscal stimulus," he continued.
Indonesia

View the original file here

Rules Minimum Capital Insurance Rp 40 billion until 2010

2008-12-31T15:26:00.000-08:00

Jakarta - The Capital Market Supervisory Agency and Financial Institution (Bapepam LK) decided to postpone the implementation of the rules the minimum insurance capital of Rp 40 billion.

"Increased capital starting from 2010, not 2008 anymore," said Chairman of Bapepam LK Fuad Rahmany in the building of the Ministry of Finance, Jakarta, Wednesday (31/12/2008).

Based on the provisions of the PP 39/2008 on Providing business companiesare, each insurance company must have minimum capital of Rp 40 billion at the end of this year.

According to Fuad, a minimum capital of Rp 40 billion of insurance is compulsory filled in the new year 2010. Furthermore, by 2012 should be increased to Rp 70 billion in 2014 and increased to Rp 100 billion.

"The reason for the global crisis so as to increase the capital they need the money now. Now we are in a crisis of liquidity, so it will be delayed to 2010 from 2008," he said.

According to Fuad, PP diteken the new president is a revision of the regulation that Bapepam has issued some time ago, namely the PP 39/2008 on the organization of business companiesare.

"This is the PP, so that the objective of insurance companies larger later the capital," said Fuad.

For a company that can not increase capital, Bapepam suggest they do consolidation.

"To be a stronger industry, so they really can underwrite the risks of insurance. We want the insurance company capital strong," he explained.

Rules minimum capital insurance by the end of 2008 to get the previous protests from the General Insurance Association of Indonesia. If the PP is not canceled, as many as 64 insurance companies could close and be feared impact on the reduction of around 5,000 employees.

TECHNOPRENEURSHIP: Incubator Carries On Business to get Technology basis Part 1

2008-12-21T05:21:00.000-08:00

In period time that long, resident scholarship on “ box ” alone exclusive, pretend outcast of economy activity. Scholarship the world or we call with education, looked on don't be part of an economic system. Education the world is viewed as a places alone the world be built appreciative glorious, while economy the world is viewed as universalizes that fraught double-dealing, injustice, even pretend world tanpai assesses (value). Viewpoint that dichotomy that, in period so long time can't yet most bridge one good manners. Each party mooring to accentuate and claim as side as correctness the most.

One that needs us to know are that deep economic era that get scholarship basis, education constitutes to form from national development success a state. Even education cans be competitiveness top a state. In other words, education holds strategics role in advance nation economy. And it was proven by new industrial states as Singapore, Taiwan and Malaysia, whereabouts by building medium and infrastructure is serious ala education in ten the last years, that nation life qualities ever increasing.

How with Indonesia?. Up to tens of year, education was made by tool power politics, beginning of elementary education until college ladder. Accordingly education walks slow going (too slow), so can't run after change charge. Education has given contribution that significant to happening change or still measly (too little). Even education often times is slowed (too late) in adapts changing, so education drops behind and can't yet answer future daring. Its causal factor is because aught policy over and above patch embroider, also been made headlong ala. Even commanding being assessed haven't had vision and clear commitment educational.

So gets to be said that new Indonesia and doing changing education orientation of education that gets academic basis to education that gets interest basis. Here subject discussion about technopreneurship that needs to be developed. Really is not easily to be performed, but becomes one daring divide to advance this nation on proximately.

View the original file here

Technopreneurship's generation At Information Era

2008-12-15T05:41:00.000-08:00

Real Skills for the Real World

Economic globalization and information era pushes industry to utilize graduated man resource college which competence and has entrepreneurship soul. But then is not each graduated college have entrepreneurship soul as one wanted by that employment. Fact points out that just plays favorites college grad little that have entrepreneurship soul. On the other side, economic crisis causes to foot up employment barren, and even dwindling because bankrupt. In condition as it, therefore college grad is charged to not only can job seeker personalization but shall also can job creator personalization. Both require entrepreneurship soul. Therefore, in order to college can accomplish that charge, a variety needful innovation amongst those is learning innovation in build technopreneurship's generation at information era now.

There is a that opinion, now a large part college grad at Indonesian still entrepreneurship weak minded. Meanwhile plays favorites little already have entrepreneurship soul, generally because indigenous entrepreneur or commerce family. In fact points out that entrepreneur is constitute soul who can be studied and is taught. Someone that have entrepreneur's soul generally have potency as entrepreneur but not surety becomes entrepreneur, and entrepreneur generally have entrepreneur's soul. Process learning that constitute business incubator gets this technology basis is designed as effort for synergy theory (20%) and Practice (80%) of area interest sort acquired knowledge deep technological area & industrial. Incubator carries on business this was made as center of learning activity with atmosphere carries on business that

conducive and backed up by laboratory facility that is equal to.

To the effect innovation implementation of incubator activity carries on business to get this technology basis is grow to develop entrepreneur's soul divides college student as participant be taught. Meanwhile acquired benefit for institution is being reached of it institution mission in build technopreneurship's generation and increases it relevancy among universalizes education with world industrial. Meanwhile benefit for job partner be been interlaced it collaboration carries on business and education. This collaboration is developed deep products substantive business form a sort that have market economy potency that high enough.

Process globalization that be happens currently, strove for Indonesian economics change from resourced based goes to knowledge based. Resource based who rely wealth and natural resources diversity generally result basic commodity with value added that little. One of knowledge based economy's creation key is mark sense technology entrepreneurs or abbreviated by techno preneur who blazes the way to new carry on business by relies on innovation. High tech business constitutes to sample business classic that blazed the way by technopreneurs.

World technological business current dominated by information technology sector, biotechnology and significant new and various effort development that based innovates technology. Developed technological business with marks sense synergy among technopreneur as designer of business, College and research institute as center as new technological innovation, and venture's capital firm that have interest in finance.

Total small medium enterprise gets technology basis (UKMT) at efflorescence Indonesia with quick. This increasing trend more impelled by opportunity the limited job at big industries because economic crisis influence and its appearance beginnings technopreneurship among graduated tech higher education.

In face globalization era, emulation will get tights, so indispensable policies and straightforward activities that can increase UKMT'S competitiveness at coming. Handicap and interference on UKMT at Indonesian deep develop its effort is its frail marketing band, technological support and the limited about capital. Most even more, for initiate entrepreneur, this problem will visually be even greater and become size able constraint in develop its effort.

Until currently haven't a lot of commanding institution and also private what do get to give support face to face for UKMT'S development in particular for initiate entrepreneur. So indispensable a container who can give direct support as facility that can help UKMT notably help initiate entrepreneur in performs and develop its effort.

In order to terminological and helping and backing up directly UKMT'S activity in particular initiate entrepreneur activity, therefore is seen really needs to get builds a container that have facility who can back up directly operational activity, promotion, marketing, productions technological consultation, investment and about capital. With marks sense that facility, expected by UKMT in particular initiate entrepreneur at Indonesian gets to develop its faster effort and directed.

Gazing future meaning to get things square the rising generation that have amorousness to learning and constitutes soul health therapy for nation child, hopefully appearance it generation technopreneurship can give solution on about problem total aughts intellectual unemployment current. Besides can also become arena to increase SDM'S quality in IPTEK'S mastery, so we can get things square reliable energy intermediate by global competition. beginning of yourself for has done something utility to create our education can better and qualified, since it will concern our children future and also Indonesian Nation.

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Recession fears hit stock markets

2008-11-20T01:20:00.000-08:00

Concerns are increasing over the scale of the slowdown.

European and Asian markets have fallen sharply on fears that the world economy will enter a protracted slump.

The slide comes after the Dow Jones share index in New York fell to its lowest level in five years.

London's FTSE 100 index fell 1.6%%, with mining shares hardest hit. French and German markets also lost ground.

In Asia, Japan's Nikkei index ended 6.8% lower and Hong Kong's main index fell more than 4%.

The FTSE 100 was down 63.13 points at 3,942.5 points after falling almost 5% on Wednesday. Germany's Dax index lost 3.4%, while France's Cac 40 shed 2.8%.

People are looking for any kind of positive and there are just no positives out there

Miles Remington, BNP Paribas Securities

Mining shares were among the biggest losers on fears that demand for steel and other raw materials will be hit as the economy slows.

Steel giant Arcelor-Mittal lost 6% and Vedanta Resources lost almost 10%.

Likewise, oil prices fell for a fifth straight day to approach $50 a barrel.

Data showing Japan's exports to Asia dropped in October for the first time since 2002 added to fears over the scale of the economic downturn.

On Wednesday, the Dow Jones index fell 5% to below 8000 after the US central bank slashed its economic growth forecasts for 2009.

Depressed outlook

The BBC's Duncan Bartlett in Tokyo says several East Asian countries - including Japan, Singapore and Hong Kong - are already in recession and the thought that the US may be about to join them has been enough to send shares tumbling across the region.

Bad news from the US has worried Japanese firms like Toyota and Nintendo which usually depend on American consumers for much of their profit, our correspondent adds.

"We've gone past the poor sentiment stage," Miles Remington, head of Asian sales trading at BNP Paribas Securities in Hong Kong, told the Associated Press news agency.

"People are looking for any kind of positive and there are just no positives out there. Everyone seems to be united in the depressed global outlook. Whether it's commodities or equities, everything seems to be on a downturn."

US slowdown

On Wednesday, the US Federal Reserve said the country's gross domestic product - the value of all goods and services - could be flat or grow only marginally this year, and might shrink in 2009.

It said positive economic growth was only likely to return in 2010 and predicted further interest rate cuts might be necessary.

Month-on-month US consumer prices fell by 1% in October - the biggest drop in 60 years - which has reinforced fears of rapid slowdown.

From : BBC

G20'S states Looks For Way Outs of Crisises

2008-11-18T21:12:00.000-08:00

WASHINGTON - Group of 20 countries, or G-20 Coordination requires an intensive search for a way out together from a financial crisis occurs.

This was disclosed as Brazilian Finance Minister Guido Mantega in Washington, Sunday (12/10/2008), as quoted from Bloomberg.

"Countries in the G-20 need to be more intelligent, and changed quickly so it can exit from the crisis," he said.

The statement issued after the countries G-7 promised to reduce the crisis and save the banks from the main bankruptcy.

In addition, the countries members of the G-20 will use all capabilities to ensure the economic and financial markets to remain stable and smooth. These countries will meet again on 8-9 November 2008 in Sao Paulo.

The countries members of the G-20 is among Argentina, Brazil, Bolivia, Chile, China, Cuba, Egypt, Guatemala, India, Indonesia, Mexico, Nigeria, Pakistan, Paraguay, Philippines, South Africa, Tanzania, Thailand, Uruguay, Venezuela, and Zimbabwe.

Market share in Indonesia, Russia, and Ukraine have experienced the suspension of trade week yesterday due to the crisis caused by U.S. sub-prime mortgage defaults due to banks and companies in the world.

Policymakers from Reykjavik to Sao Paulo is trying to overcome the threat of bankruptcy stock market.

"Now we face a global crisis, and it must be faced by all countries," said Mantega

Online Shop Effort Opportunity

2008-11-15T05:18:00.000-08:00

Year 2008 it, I am certain Internet media exploit at Indonesian for product marketing will progressively increase.

Besides since their amount that know Internet increases, also because a lot of media and online learning

container marketing. EBooks about Internet business more and more. Internet marketing courses pop up. Not to

mention mass media reportage for business agent to get online basis. Myself and my team have once at account

for Magazine SELF, Entrepreneur magazine, MONEY magazine, Magazine Carries On Business Us, Kontan's

tabloid, Post's Baleful newspaper, etc.

Online Shop effort opportunity is one of effort opportunity that You can try. Online shop that my intention a.

website who utilized by business agent to market its product. Product can as goods or service. But, at this

writing I want more in focus on goods product.

How that success at online shop effort?

How much online shop at Indonesian one has once You see? Get what within they what do success? Are not all

successful be not?

Key Successfully To Build Online Shop

1. Building Team

Want some big You online shop, build team suitably. If gets strength capital, recruit competent men. If was

bigamous, You can make wife as team You. Men near You (you) can also become Your team. Giving work to

person near can become spiritual's force that makes You success
Otherwise enables to build team, single-handed beginning. You can crawl of down until You can and readily

recruit firm team

Without team, effort we won't amends and get long-lasting

2. Making Website who Sells

Website is promotion main pillar Online Shop. You shall have website own. Are not webbed free. Better gets

.com's suffix or .net, since it already popular at society. Domain hosting's annual cost just Rp 200.000
Your Website shall can sell. website's mean You that shall can represent Your to become sales that entices to

divide buyer. Your Website shall can make sure that visitor You reasonably being asked out transact. Attach

clear address and telephone number that easy being contacted. Attach product photograph and other

photographs that make visitor getting believe with You

Your Website that record shall at search engine, and is easily to be found for keyword what do be engaged Your

product. Utilize script online shop that search engine friendly. Are not all script friendly online shop with search

engine. In consequence, I prefer to utilize blog to sell online than script is inhospitable with search engine. And I

perceive blog match for initiate. Even less for product what does its prices at a price and can't straightforward

online orders. Can also blog becomes supporting web for You online shop

3. Correct promotion

Who is Your consumer candidate? Where will You find them? Fast trick and correct find consumer is from search

engine (Google, Yahoo, etc.). Here the importance for SEO (search engine optimization)

The other promotion is at row advertising, advertising at webbed one a lot of its visitor, PPC or community even

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Online shop effort is equal another effort. Have successful entrepreneur mental, for example:

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Stocks surge after China stimulus

2008-11-09T20:29:00.000-08:00

Japan saw one of Monday's biggest early bounces

Asian markets have risen sharply, a day after China announced a huge investment plan to kick-start its slowing economy.

Stocks leapt in Japan, China and Hong Kong, buoyed by China's efforts to sustain its growth rates, on which many Asian economies depend.

About $586bn (£370bn) is to go into housing, infrastructure and post-earthquake reconstruction in China over the next two years.

Correspondents say the package is a response to falling growth and exports.

There will also be significant cuts in company tax, while banks will be allowed to lend more to projects involving rural development and technical innovation.

The government also promised a shift to a "moderately easy" monetary policy.

"The investment expansion should be done swiftly and forcefully," a State Council meeting chaired by Premier Wen Jiabao concluded.

Market bounce

Chinese stocks rose sharply, with the Shanghai Composite Index rising 5% initially and turnover there almost doubling.

Chinese exports have been a key driver of the economy

Companies likely to benefit most from the government's investment plans did best, including banking, steel and construction firms.

Japan's Nikkei stock index jumped 5.49% by the lunch break on Monday as investors welcomed a Wall Street rally, a weaker yen and China's economic package.

In Hong Kong, the benchmark index was up 5.6% by late morning.

Factory closures across the border in southern China have badly depressed China's manufacturing sector.

In Seoul, the market held steady despite growing worries about the car market in the US and its likely impact on South Korean manufacturing exports.

Commodity cuts?

Analysts said the stimulus package would not save China from the effects of the global financial slowdown, but could help to protect it.

It's a huge package... I think it is good news for correcting imbalances

Dominique Strauss-Kahn

China, and Asian economies who increasingly depend on it as an export market, had become used to double digit growth figures.

In the third quarter of this year, growth slipped to 9% its lowest level in five years.

Analysts said that though this might be considered healthy elsewhere, the fall is taken as a worrying sign in China where the government has relied on rapid growth to maintain political stability.

The Chinese government has cut interest rates twice in recent weeks, and began considering ways to avert a more dramatic economic slowdown in October.

These included measures to stimulate the property market, prompt construction of low-cost housing, and increasing export rebates on thousands of products.

State media reported that the government was therefore ready to "map out more forceful measures to expand domestic demand", including "massive" infrastructure spending.

"It's a huge package," Dominique Strauss-Kahn, managing director of the International Monetary Fund, was quoted as saying by Reuters after a meeting of the Group of 20 finance officials in Sao Paulo, Brazil.

"It will have an influence not only on the world economy in supporting demand but also a lot of influence on the Chinese economy itself, and I think it is good news for correcting imbalances."

President Hu Jintao is to travel to Washington later this week for a global economic summit meeting.

China has been under pressure to help support the global economy.

From:BBC