ability of human beings to adapt to different situations and come out winning
on the other side is something that has stood us in good stead over ages.
Ever since one of the biggest bubble bursts of our time, the Great Recession of 2008, blindsided us with a huge 8 trillion dollar deficit, we have changed the way we look at work. During the recession, 8.4 million jobs were lost in the US labor market alone. This had a domino effect worldwide with a huge glut of finances and jobs.
Continue reading “MAKING THE MOST OF A GIG ECONOMY – ARE FREELANCE JOBS VIABLE?”
Unless you have spent the last week on the dark side of the moon, you know that Mr. Trump has latched on to one of his favorite issues – trade. With that, he has pushed through new tariffs on aluminum and steel despite the warning from members of his own party and from leaders around the world.
Continue reading “Will Trump Tariffs Harm Small Businesses?”
The demands being made by the EU on the amount of money that UK has to pay on departure is the least of the woe story stemming from the initiation of Brexit. Economists have been divided as to the impact but the decline in the value of the pound sterling in the wake of the event is evident. Continue reading “The Effects of Brexit may be Ominous but Don’t let it Stop You from starting your own business”
Budget airline EasyJet has seen its profits fall by 28% amid tough economic conditions. Chief executive Dame Carolyn McCall said that the company would remain “resilient,” despite the setback, which has largely been attributed to the economic uncertainty associated with Brexit as well as the new-found threat of global terrorism affecting what were previously popular holiday destinations. Continue reading “EasyJet Profits Fall in Response to Economic Uncertainty”
In the new era of banking, banks in India shower their customers in India with a plethora of services to attract customers. Online banking and virtual banking are the latest offerings by the banking services in India.
Below mentioned are some of the services offered to customers by modern banks: Continue reading “Modern services offered to customers by modern banks”
A big part of a country’s exports come from service in the travel industry and tourism. In some cases such as the UK it can account for more than half the exports of others services in the country, according to new research conducted by the World Travel and Tourism Council and World Travel & Tourism Council (WTTC). This goes to show how important work in the travel sector is. Continue reading “The importance of the travel sector to a country’s economy”
Do you have the right health insurance cover? This is one question that haunts the healthy, when the times are tough and the raining starts. Sharing an interesting infographic that every individual needs to deliberate upon. Continue reading “Do you have the right health insurance cover”
The Baltic nations of Estonia, Lithuania and Latvia were some of the hardest hit during the global financial crisis. The region suffered from both economic and political crises that shattered their once booming economy. Faced with few prospects and high rates of unemployment, the Baltic people have taken matters into their own hands and have created one of the most active areas in Europe for startups and entrepreneurs. Continue reading “The Rise Of The Baltics – Home To The Most Active Entrepreneurs In Europe”
Advancing cloud technology has made it easier than ever for companies to properly manage their risk and cash. Software-as-a-Service Treasury and Risk Management (SaaS TRM) is a comprehensive solution that gives company treasurers the information and resources they need to bring true value to their company. Continue reading “Managing Cash and Risk Has Never Been Easier – INFOGRAPHIC”
Monopolies have been made illegal in the United States as it destroys any chance for competition and creates dependence upon a particular company for goods and services. Throughout the years, monopolies of varying degrees have been attempted and challenged. However, the damage that can be wrought on a global scale is much different than what it would be in a local community. More facets of humanity come into play and could greatly disrupt the way of life for many people. Continue reading “5 Ways that Global Monopolies Can Damage Human Existence”
The landscape of the European Union eServices marketplace is about to change dramatically courtesy of a change in how VAT on eServices is applied. So how does this impact the economy and business? Continue reading “EU wants the digital economy to pay its dues”
A comprehensive research conducted by Goldman Sachs titled “The Olympics and Economics 2012” precisely attempts to answer this question. The researchers analyzed the Olympic Games which were conducted in Beijing and Sydney, few years ago, and thus made a few projections for London 2012. What is of significant interest is that a lot of these projections are destined to come true and revitalize the economies, which are somewhat in a sombre mood in early 2012. Even the Prime Minister of United Kingdom, David Cameron, thinks that the Olympics will roll in 13 Billion pounds for the nation (even though that may help little to douse the fire burning within the economy).
The British economy really needs a boost, thanks to a protracted double-dip recession that has pushed down GDP for three quarters without even an inkling of a break. The Olympic Games hosted in London 2012 (underway currently) have been projected to be extremely profitable for the “British Empire”, and the revenues have been forecasted to exceed the operating cost of hosting the major event. Tickets sales are expected to generate over 500 million pounds or 785 million dollars and generate direct revenue for the management. This itself is a huge amount for a nation trapped in a continent facing rampant economic slowdown at large.In addition, a short-term financial boost in the third quarter of 1.2–1.6 percent of GDP at an annualized rate has been forecasted. This will also generate a lot of employment to a nation strapped with excess workable hands with very little to do. In addition, the tourism industry will get a healthy dosage of fuel to the slumbering embers, and this may just be sufficient to the industry slowly lumbering to a dormant stage.
With such a concern over economic health revision, a public-private partnership to ensure the success of such grand fiestas could be a shot for success. While such boost is sure to affect many sections of the society both directly and indirectly, the long term boon of employing workers for digging a trench and employing another set of workers to fill it up, are also evident in this case, though the analogy may be less fitting. Considering Ireland, which is in dire straits, will the benefits of the Olympic games overflow to Britain’s closest neighbor?
What is more important at this stage that will Brazil also benefit in the same big way, in 2016? With so much focus on her economy, will the benefits boost Brazil’s stake in the cake as an economic superpower? Only time can tell more how this story unfolds itself.