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Dear Reader,
Before I get to our extended Guaranteed Return Offer, I'd like to talk
about this morning's fabulous Intel earnings release and what it means
for the broader market.
If you missed it, Intel announced earnings that were 4 times higher
than they were last year and they beat the analysts' estimates very
easily and on top of that raised their earnings guidance for the next
year. Terrific stuff! It shows that business is back (and to a lesser
extent consumers, but that will soon come) buying computers and
electronic equipment that require computer chips having put off
purchases for over two years to cut expenses and save cash. This is
one of the best indicators that the world economy is recovering from
the devastating Global Financial Crisis.
Obviously, when Wall St opens tonight we'll see tech stocks do very
well as the sector is always buoyed by any good announcements from
Intel.
But it's not just Intel that's doing well, the feeling of the general
markets, as indicated by the fear or volatility index, the VIX hasn't
been lower in two years. It now sits at 15 which is where it would
normally be in a bull market. This means professional traders and
investors are very comfortable where the market is and are prone to
keep this bull market going for the time being. Although, I do expect
a minor correction in coming weeks as is perfectly normal in a
situation such as this. I see these little "glitches" as nothing more
than opportunities to buy more stocks, and as you well know, I have
been pounding the table about tech stocks now for about a year.
Well, after the fabulous run they have had am I still bullish?
Yes, but now I'm starting to look towards the next phase of the
technology "boom" and this will encompass more companies at the
cutting edge of technology such as those suppling chips and parts for
things like Apple's new iPad and new advances in networking and
wireless technology. However, I'm not forgetting other great companies
involved in the mining industry and infrastructure - they have a role
to play in the economic recovery too and will be increasing their
earnings over the next year.
The next year or two will be an exciting time to be an investor.
Translate
2010/04/14
2010/04/12
Unisena Inc, an embedded software company new web presence
The Canadian company Unisena Inc. based in Ottawa, Ontario has new put new face in the web after 2 years since last major upgrade. The company has offices in Carlsbad, Ca, Zurich, Switzerland and is in the business since 1992. The company has also a subsidiary in Germany and in Czech Republic (independent capital subsidiary).
To contact them click on the web site URL: www.unisena.com
To contact them click on the web site URL: www.unisena.com
Productivity Pro Tip of the Week: Who’s in Charge: You or Your “Stuff”?
Who’s in Charge: You or Your “Stuff”?
Do you own your possessions, or do your possessions own you? It's easy to get overwhelmed by all the stuff you've accumulated -- everything from toys and clothing, to tools and all the stuff you regularly use that still counts as clutter. If you're tired of all your stuff weighing you down, here are some ideas that may help you regain control.
1.Have a systematic plan to get and stay organized. The key to getting organized is FOCUS. Focus on getting one thing completed before moving to the next area. Act like a postage stamp: stick to one thing until you get there.
2.Eliminate clutter and resist adding more. Don't let your belongings control you. For a start, get rid of unhappy reminders from the past, stop keeping old magazines and newspapers, and don't buy things just because they're on sale.
3.Keep your briefcase, tote, or purse organized and clutter-free. Don't carry stuff around just because you might need it someday: all you'll end up with is a cluttered mess and a backache. Carry only what you need on a daily basis, keep everything tucked into its own slot, and always put things back after using them.
4.Maintain clutter-free drawers and closets. Don't just toss things in drawers and forget them. Make liberal use of file folders, trays, and dividers, and use baby food jars as handy paperclip holders and junk catchers. Closets should be subjected to a thorough cleaning at least twice a year.
5.Organize memorabilia such as photos and keepsakes. Before taking the time to organize an item, determine if it's something you should be keeping in the first place. Don't keep stuff that doesn't have any specific meaning or use to you.
6.Keep kids' toys, clothes, and books organized. Any family with children inevitably fights the battle of the messy monster. Having toys, clothes, and books around is inevitable, but clutter is not. Keep what's used, and get rid of the rest.
7.Set up and maintain your kitchen in an organized fashion. We spend so much time in the kitchen putting groceries away, preparing meals, and doing dishes, it's important to maintain an organized space. Be picky about what you keep, and always have frequently-used items close at hand.
8.Keep your car organized and clean. You don't want to have a two-ton trashcan on wheels. Organize the clutter that stays in the car, and never let anyone get out empty-handed -- make sure your trash leaves the car whenever you do.
9.Set up an effective "office" space in your home. A home office isn't a luxury these days; it's just about a requirement. Offices can serve as the family computer center, a place to do paperwork, and the occasional work-at-home office.
10.Keep your house neat, and tidy up daily. Cleaning up doesn't require anything fancy. Just make sure everything's in or near when it should be, and regularly put things away so it's easier to maintain a peaceful, productive frame of mind. If owning too much is a problem for you, get serious about de-cluttering your life. Otherwise all the clutter will weigh you down, putting pressure on your other pillars of productivity. Start organizing and thinning out your possessions a little bit at a time, and eventually you'll get there. You'll be amazed at how good you feel, and how much easier life will be, when all the junk's gone! © 2010 Laura Stack www.TheProductivityPro.com.
1.Have a systematic plan to get and stay organized. The key to getting organized is FOCUS. Focus on getting one thing completed before moving to the next area. Act like a postage stamp: stick to one thing until you get there.
2.Eliminate clutter and resist adding more. Don't let your belongings control you. For a start, get rid of unhappy reminders from the past, stop keeping old magazines and newspapers, and don't buy things just because they're on sale.
3.Keep your briefcase, tote, or purse organized and clutter-free. Don't carry stuff around just because you might need it someday: all you'll end up with is a cluttered mess and a backache. Carry only what you need on a daily basis, keep everything tucked into its own slot, and always put things back after using them.
4.Maintain clutter-free drawers and closets. Don't just toss things in drawers and forget them. Make liberal use of file folders, trays, and dividers, and use baby food jars as handy paperclip holders and junk catchers. Closets should be subjected to a thorough cleaning at least twice a year.
5.Organize memorabilia such as photos and keepsakes. Before taking the time to organize an item, determine if it's something you should be keeping in the first place. Don't keep stuff that doesn't have any specific meaning or use to you.
6.Keep kids' toys, clothes, and books organized. Any family with children inevitably fights the battle of the messy monster. Having toys, clothes, and books around is inevitable, but clutter is not. Keep what's used, and get rid of the rest.
7.Set up and maintain your kitchen in an organized fashion. We spend so much time in the kitchen putting groceries away, preparing meals, and doing dishes, it's important to maintain an organized space. Be picky about what you keep, and always have frequently-used items close at hand.
8.Keep your car organized and clean. You don't want to have a two-ton trashcan on wheels. Organize the clutter that stays in the car, and never let anyone get out empty-handed -- make sure your trash leaves the car whenever you do.
9.Set up an effective "office" space in your home. A home office isn't a luxury these days; it's just about a requirement. Offices can serve as the family computer center, a place to do paperwork, and the occasional work-at-home office.
10.Keep your house neat, and tidy up daily. Cleaning up doesn't require anything fancy. Just make sure everything's in or near when it should be, and regularly put things away so it's easier to maintain a peaceful, productive frame of mind. If owning too much is a problem for you, get serious about de-cluttering your life. Otherwise all the clutter will weigh you down, putting pressure on your other pillars of productivity. Start organizing and thinning out your possessions a little bit at a time, and eventually you'll get there. You'll be amazed at how good you feel, and how much easier life will be, when all the junk's gone! © 2010 Laura Stack www.TheProductivityPro.com.
2010/02/24
Is this the end of Bull Market?
Dear Reader,
The stock market is down over 4% in 2010 and investors are wondering whether this will be a profitable year or not? Could this be a repeat of 2008? We can guarantee it won’t be, but it will be a difficult year to make money anywhere. Property prices are struggling and cash returns are nothing short of dismal and don’t cover inflation after tax is paid. In fact, in cash in the bank is definitely a losing proposition. So, where can you make money in 2010?
We believe the stock market. We do however, expect the stock market to make moderate gains over the year with the rally resuming in mid March, but we think the volatility will ensure most average investors lose money. The “trick” to the stock market in 2010 is two-fold.
1. You must pick the fundamentally best stocks in the market today. Stocks with good balance sheets, strong cash flows and good management. They should also fit into “investment themes” we believe will play out in 2010 and 2011 as recovery takes hold, albeit slowly.
2. You should also have a disciplined trading approach that ensures your capital is protected and ensures also that you buy stocks at the cheapest prices possible. Following a proven set of rules is the only way you can make money at the moment.
At Trident Confidential we focus on these two aspects of stock market investment. The results shown are from this week’s issue of Trident Confidential and prove that if you follow our rules and buy the stocks we recommend you do, you will make money regardless of the market.
Stock bought a week ago 10.50%
Stock bought 2 weeks ago 7.89%
Stock bought 2 weeks ago 15.38%
Stock bought 2 weeks ago 6.67%
Stock bought 2 weeks ago 11.40%
Stock bought 2 weeks ago 7.36%
Stock bought 2 weeks ago 21.39%
Stock bought 3 weeks ago 1.88%
Stock bought 3 weeks ago 16.75%
Stock bought 3 weeks ago 2.41%
Stock bought a month ago 13.72%
Stock bought a month ago -2.75%
Stock bought a month ago 14.39%
Stock bought a month ago 5.29%
Stock bought a month ago 6.75%
Stock bought a month ago 32.20%
Stock bought a month ago 8.56%
Average Return for Trident Confidential stocks bought in 2010 13.41%
Oh, sure we have losses from time to time, but if you follow our rules, those losses will be limited and will be far outweighed by our profits. For example, sold stocks (losses and profits) in 2010 resulted in an average result of 19% profit per trade being realised - and in a down market too. That’s where picking the fundamentally best stocks comes into play.
Picking the right stocks in the first place will ensure when the market does begin to behave itself, the stocks you hold will rise the most.
Today's New Stock in Trident Confidential
This small Australian company is on the cutting edge of new technology that will dominate several industries in coming years. While the company is only "young", it already has some pretty big clients including some of America's biggest companies and the support of the Australian Government. Also, one of it's biggest shareholders is an "icon" in the investment world with one of the savviest investment management teams in Australia.
At the moment no-one is talking about this tiny company, but they will be soon when one of the largest contracts in history is awarded to it's business partners. The flow on to our small Australian stock pick will be enormous.
To Join Trident Confidential, Receive the "Best Stocks for 2010 Report" and read about our Latest Stock Tips, The Hidden Gems Portfolio, Receive all Lance's Books on CD and Have Access to our Full Archive - Click Here
Until next time.
Kind Regards
Lance Spicer
Editor, Trident Confidential - Still...The World's Highest Returning Newsletter since 2005.
Lance Spicer is qualified and licensed to provide investment advice on Managed Investments, Equities and Derivatives.
Trident Investment Management Pty Ltd is an authorised representative (No 339798) of The International Securities and Derivatives Group Pty Limited (ABN 22 103 552 683) holder of Australian Financial Services License (AFSL 227544)
If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe
Trident Investment Management Pty Limited
ACN 136 841 426
Po Box 3068
Bangor NSW 2234
Phone +61 2 95430406
Fax: +61 2 95430216
www.tridentinvestment.com.au
The stock market is down over 4% in 2010 and investors are wondering whether this will be a profitable year or not? Could this be a repeat of 2008? We can guarantee it won’t be, but it will be a difficult year to make money anywhere. Property prices are struggling and cash returns are nothing short of dismal and don’t cover inflation after tax is paid. In fact, in cash in the bank is definitely a losing proposition. So, where can you make money in 2010?
We believe the stock market. We do however, expect the stock market to make moderate gains over the year with the rally resuming in mid March, but we think the volatility will ensure most average investors lose money. The “trick” to the stock market in 2010 is two-fold.
1. You must pick the fundamentally best stocks in the market today. Stocks with good balance sheets, strong cash flows and good management. They should also fit into “investment themes” we believe will play out in 2010 and 2011 as recovery takes hold, albeit slowly.
2. You should also have a disciplined trading approach that ensures your capital is protected and ensures also that you buy stocks at the cheapest prices possible. Following a proven set of rules is the only way you can make money at the moment.
At Trident Confidential we focus on these two aspects of stock market investment. The results shown are from this week’s issue of Trident Confidential and prove that if you follow our rules and buy the stocks we recommend you do, you will make money regardless of the market.
Stock bought a week ago 10.50%
Stock bought 2 weeks ago 7.89%
Stock bought 2 weeks ago 15.38%
Stock bought 2 weeks ago 6.67%
Stock bought 2 weeks ago 11.40%
Stock bought 2 weeks ago 7.36%
Stock bought 2 weeks ago 21.39%
Stock bought 3 weeks ago 1.88%
Stock bought 3 weeks ago 16.75%
Stock bought 3 weeks ago 2.41%
Stock bought a month ago 13.72%
Stock bought a month ago -2.75%
Stock bought a month ago 14.39%
Stock bought a month ago 5.29%
Stock bought a month ago 6.75%
Stock bought a month ago 32.20%
Stock bought a month ago 8.56%
Average Return for Trident Confidential stocks bought in 2010 13.41%
Oh, sure we have losses from time to time, but if you follow our rules, those losses will be limited and will be far outweighed by our profits. For example, sold stocks (losses and profits) in 2010 resulted in an average result of 19% profit per trade being realised - and in a down market too. That’s where picking the fundamentally best stocks comes into play.
Picking the right stocks in the first place will ensure when the market does begin to behave itself, the stocks you hold will rise the most.
Today's New Stock in Trident Confidential
This small Australian company is on the cutting edge of new technology that will dominate several industries in coming years. While the company is only "young", it already has some pretty big clients including some of America's biggest companies and the support of the Australian Government. Also, one of it's biggest shareholders is an "icon" in the investment world with one of the savviest investment management teams in Australia.
At the moment no-one is talking about this tiny company, but they will be soon when one of the largest contracts in history is awarded to it's business partners. The flow on to our small Australian stock pick will be enormous.
To Join Trident Confidential, Receive the "Best Stocks for 2010 Report" and read about our Latest Stock Tips, The Hidden Gems Portfolio, Receive all Lance's Books on CD and Have Access to our Full Archive - Click Here
Until next time.
Kind Regards
Lance Spicer
Editor, Trident Confidential - Still...The World's Highest Returning Newsletter since 2005.
Lance Spicer is qualified and licensed to provide investment advice on Managed Investments, Equities and Derivatives.
Trident Investment Management Pty Ltd is an authorised representative (No 339798) of The International Securities and Derivatives Group Pty Limited (ABN 22 103 552 683) holder of Australian Financial Services License (AFSL 227544)
If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe
Trident Investment Management Pty Limited
ACN 136 841 426
Po Box 3068
Bangor NSW 2234
Phone +61 2 95430406
Fax: +61 2 95430216
www.tridentinvestment.com.au
2010/02/12
The Stock Market Strategy You Need To Know if You Want To Make Money
Amateur investors like to think that by paying close attention to the
economic news, they can invest at the right time and place. However, a
careful analysis of the past reveals otherwise. Because the savviest
(and therefore biggest) investors are always looking six to nine
months ahead, and because their money is what really moves individual
stocks, the action of certain stocks tend to reflect the news that
you’ll read six to nine months from now. For example, just think back
to March 2009, when the market blasted off with a 70% rise from
multi-year lows. What were the headlines telling you last March? That
the US financial system was in danger of falling apart! The world was
facing depression and that the collapse of the world economy was
imminent! Ah, but smart investors were buying, and if you followed
their lead, as we did, you did pretty well in 2009. In fact, we made
113% for the whole of last year including the nasty bit at the front.
The recent correction has everyone worried again. Most importantly,
the long bull market remains intact regardless of how you look at it.
So, while the world is worried about the headlines, “Greek Debt” –
“Chinese Growth Possibly Slowing” – “US Unemployment at Record
Levels”, the fact remains, companies are still reporting great
results, 80% of US companies have beaten analyst’s “optimistic”
estimates. What’s more, most companies are telling us business is
improving – particularly, Technology.
As for the current “correction”? Well, regardless of what journalists,
market pessimists and doom and gloomers will tell you, this is a
“garden variety” standard 10% correction we are having. It will end
very soon when enough amateur investors dump their stocks in total
despair. Markets turn when people stop selling, not when people start
buying. You have to wait until enough pessimism has been passed around
and people give up on the market. We are close to that point now.
Back in March 2009, when the market bounced, a lot of the people
talking now were saying things like, “don’t trust this rally”,
“sucker’s rally”, “the problems will get worse” and the end result was
they were 100% wrong. It was without a doubt probably one of the best
stock buying opportunities you’ll ever see. The headlines are again
trying to frighten you out of the stock market, and they’ll probably
succeed, and the professional investors will once again swoop down and
buy your shares. You’ll be happy they did too, until the market
bounces and you have that Homer Simpson “Doh!” moment, much like the
one so many people who sold back in February and March 2009 when they
watched the market just climb and climb in 2009. Back then I stopped
“shorting the market” with my Switch Strategy on February 21 and the
next week started aggressively buying stocks, for example Lynas for
$0.13 which is now $0.53 and Intuitive Surgical for $93.00 which is
now $322.00. You see I knew that the market would turn, and told my
subscribers it would, and it did. Regardless of “end of the world”
headlines, the selloff just didn’t make sense to me. On reflection, it
didn’t to anybody else either.
So, when will the current “correction” end? I can’t say, but it could
be a couple of days, a week, or two weeks, but it will end and today’s
prices will seem bargains and you’ll be kicking yourself. But hey,
that’s normal for human beings, our fear will always get in the way of
our common sense.
The secret to stock market success is not reading today’s headlines,
but jumping 6 months ahead in time and imagining what the “state of
play” will be then. And how do we know that? Listen to the guys
“running” the economy, not the idiot politicians (and boy, aren’t some
of them goons?), the guys running the “real economy” are the business
owners and CEOs of big companies and they are all telling us one thing
– Profits are growing and the outlook for business is good. Share
prices will eventually follow the company earnings. Stock prices will
be higher in a year from now and this current correction is an
opportunity to buy shares in companies whose profits and sales are
growing much faster than even the analysts expected, which is why the
Trident Confidential is investing in them. That’s all you need to
know.
Click to view this email in a browser
http://hosted.verticalresponse.com/230163/88737a713e/513000276/77647ad340/
economic news, they can invest at the right time and place. However, a
careful analysis of the past reveals otherwise. Because the savviest
(and therefore biggest) investors are always looking six to nine
months ahead, and because their money is what really moves individual
stocks, the action of certain stocks tend to reflect the news that
you’ll read six to nine months from now. For example, just think back
to March 2009, when the market blasted off with a 70% rise from
multi-year lows. What were the headlines telling you last March? That
the US financial system was in danger of falling apart! The world was
facing depression and that the collapse of the world economy was
imminent! Ah, but smart investors were buying, and if you followed
their lead, as we did, you did pretty well in 2009. In fact, we made
113% for the whole of last year including the nasty bit at the front.
The recent correction has everyone worried again. Most importantly,
the long bull market remains intact regardless of how you look at it.
So, while the world is worried about the headlines, “Greek Debt” –
“Chinese Growth Possibly Slowing” – “US Unemployment at Record
Levels”, the fact remains, companies are still reporting great
results, 80% of US companies have beaten analyst’s “optimistic”
estimates. What’s more, most companies are telling us business is
improving – particularly, Technology.
As for the current “correction”? Well, regardless of what journalists,
market pessimists and doom and gloomers will tell you, this is a
“garden variety” standard 10% correction we are having. It will end
very soon when enough amateur investors dump their stocks in total
despair. Markets turn when people stop selling, not when people start
buying. You have to wait until enough pessimism has been passed around
and people give up on the market. We are close to that point now.
Back in March 2009, when the market bounced, a lot of the people
talking now were saying things like, “don’t trust this rally”,
“sucker’s rally”, “the problems will get worse” and the end result was
they were 100% wrong. It was without a doubt probably one of the best
stock buying opportunities you’ll ever see. The headlines are again
trying to frighten you out of the stock market, and they’ll probably
succeed, and the professional investors will once again swoop down and
buy your shares. You’ll be happy they did too, until the market
bounces and you have that Homer Simpson “Doh!” moment, much like the
one so many people who sold back in February and March 2009 when they
watched the market just climb and climb in 2009. Back then I stopped
“shorting the market” with my Switch Strategy on February 21 and the
next week started aggressively buying stocks, for example Lynas for
$0.13 which is now $0.53 and Intuitive Surgical for $93.00 which is
now $322.00. You see I knew that the market would turn, and told my
subscribers it would, and it did. Regardless of “end of the world”
headlines, the selloff just didn’t make sense to me. On reflection, it
didn’t to anybody else either.
So, when will the current “correction” end? I can’t say, but it could
be a couple of days, a week, or two weeks, but it will end and today’s
prices will seem bargains and you’ll be kicking yourself. But hey,
that’s normal for human beings, our fear will always get in the way of
our common sense.
The secret to stock market success is not reading today’s headlines,
but jumping 6 months ahead in time and imagining what the “state of
play” will be then. And how do we know that? Listen to the guys
“running” the economy, not the idiot politicians (and boy, aren’t some
of them goons?), the guys running the “real economy” are the business
owners and CEOs of big companies and they are all telling us one thing
– Profits are growing and the outlook for business is good. Share
prices will eventually follow the company earnings. Stock prices will
be higher in a year from now and this current correction is an
opportunity to buy shares in companies whose profits and sales are
growing much faster than even the analysts expected, which is why the
Trident Confidential is investing in them. That’s all you need to
know.
Click to view this email in a browser
http://hosted.verticalresponse.com/230163/88737a713e/513000276/77647ad340/
2010/01/28
President Sarkozy calls for a “new Bretton Woods”
Adrian Monck, Head of Communications and Media, Tel.: +41 (0)22 869 1210 E-mail: adrian.monck@weforum.org
• French President Sarkozy calls for “a new Bretton Woods” and a re-examination of the fairness of globalization and capitalism
• The world must move from rhetoric to reality and take concrete action to address priorities such as the economic crisis and climate change, said President Doris Leuthard of the Swiss Confederation
• If long-term global problems are ignored, the economic crisis could lead to a social crisis
• For all information about the Annual Meeting, visit www.weforum.org/annualmeeting
Davos-Klosters, Switzerland, 27 January 2010 − In his opening address at the World Economic Forum Annual Meeting, President Nicolas Sarkozy of France said that it will not be possible to emerge from the global economic crisis and protect against future crises if the economic imbalances that are at the root of the problem are not addressed. “Countries with trade surpluses must consume more and improve the living standards and social protection of their citizens,” he remarked. “Countries with deficits must make an effort to consume a little less and repay their debts.” The world’s currency regime is central to the issue, Sarkozy argued. Exchange rate instability and the under-valuation of certain currencies lead to unfair trade and competition, he said. “The prosperity of the post-war era owed a great deal to Bretton Woods, to its rules and its institutions. That is exactly what we need today; we need a new Bretton Woods.” Sarkozy said that France would place the reform of the international monetary system on the agenda when it chairs the G8 and G20 next year.
In his address, Sarkozy also called for an examination of the nature of globalization and capitalism. “This is not a crisis in globalization; this is a crisis of globalization,” he said. “Finance, free trade and competition are only means and not ends in themselves.” Sarkozy added that banks should stick to analysing credit risk, assessing the capacity of borrowers to repay loans and finance economic growth. “The role of the bank is not to speculate.” He also questioned the rewarding of high compensation and bonuses for CEOs whose companies lose money. Capitalism should not be replaced but it has to be changed, the French president declared. “We will only save capitalism by reforming it, by making it more moral.”
Speaking before Sarkozy, Doris Leuthard, President of the Swiss Confederation and Federal Councillor of Economic Affairs, told participants that the international community has to bridge the gap between rhetoric and reality as it tackles major challenges such as the global economic crisis, climate change and the Doha Round of multilateral trade negotiations. “We must all sit down together in a responsible manner, bring our part of the solution to the table and allow a conclusion to be reached that benefits us all.” While “rhetoric and reality all too often diverge by large margins,” Leuthard said, the bottom line is that “people need jobs and a salary.” She concluded: “We have talked enough. It is now time to get moving.”
Earlier, World Economic Forum Founder and Executive Chairman Klaus Schwab warned of the consequences if countries are too preoccupied by domestic problems and ignore long-term challenges such as global warming. “We hope that governments don’t become overwhelmed by internal issues and constraints to the detriment of exercising the necessary global stewardship.” Added Schwab: “We run the risk that 2010 becomes the year of the social crisis following the financial crisis of 2008 and the economic crisis of 2009.” He noted that one of the top priorities for this Annual Meeting is to encourage entrepreneurship and job creation.
Notes to Editors
More information about the Annual Meeting 2010 at http://www.weforum.org/annualmeeting
Programme of the Annual Meeting at http://www.weforum.org/annualmeeting/programme
Connect with the Forum on other social networks http://www.weforum.org/socialmedia
Press Releases at http://www.weforum.org/pressreleases
For updates about the activities of the World Economic Forum, subscribe to RSS feed
___________________________________________
• French President Sarkozy calls for “a new Bretton Woods” and a re-examination of the fairness of globalization and capitalism
• The world must move from rhetoric to reality and take concrete action to address priorities such as the economic crisis and climate change, said President Doris Leuthard of the Swiss Confederation
• If long-term global problems are ignored, the economic crisis could lead to a social crisis
• For all information about the Annual Meeting, visit www.weforum.org/annualmeeting
Davos-Klosters, Switzerland, 27 January 2010 − In his opening address at the World Economic Forum Annual Meeting, President Nicolas Sarkozy of France said that it will not be possible to emerge from the global economic crisis and protect against future crises if the economic imbalances that are at the root of the problem are not addressed. “Countries with trade surpluses must consume more and improve the living standards and social protection of their citizens,” he remarked. “Countries with deficits must make an effort to consume a little less and repay their debts.” The world’s currency regime is central to the issue, Sarkozy argued. Exchange rate instability and the under-valuation of certain currencies lead to unfair trade and competition, he said. “The prosperity of the post-war era owed a great deal to Bretton Woods, to its rules and its institutions. That is exactly what we need today; we need a new Bretton Woods.” Sarkozy said that France would place the reform of the international monetary system on the agenda when it chairs the G8 and G20 next year.
In his address, Sarkozy also called for an examination of the nature of globalization and capitalism. “This is not a crisis in globalization; this is a crisis of globalization,” he said. “Finance, free trade and competition are only means and not ends in themselves.” Sarkozy added that banks should stick to analysing credit risk, assessing the capacity of borrowers to repay loans and finance economic growth. “The role of the bank is not to speculate.” He also questioned the rewarding of high compensation and bonuses for CEOs whose companies lose money. Capitalism should not be replaced but it has to be changed, the French president declared. “We will only save capitalism by reforming it, by making it more moral.”
Speaking before Sarkozy, Doris Leuthard, President of the Swiss Confederation and Federal Councillor of Economic Affairs, told participants that the international community has to bridge the gap between rhetoric and reality as it tackles major challenges such as the global economic crisis, climate change and the Doha Round of multilateral trade negotiations. “We must all sit down together in a responsible manner, bring our part of the solution to the table and allow a conclusion to be reached that benefits us all.” While “rhetoric and reality all too often diverge by large margins,” Leuthard said, the bottom line is that “people need jobs and a salary.” She concluded: “We have talked enough. It is now time to get moving.”
Earlier, World Economic Forum Founder and Executive Chairman Klaus Schwab warned of the consequences if countries are too preoccupied by domestic problems and ignore long-term challenges such as global warming. “We hope that governments don’t become overwhelmed by internal issues and constraints to the detriment of exercising the necessary global stewardship.” Added Schwab: “We run the risk that 2010 becomes the year of the social crisis following the financial crisis of 2008 and the economic crisis of 2009.” He noted that one of the top priorities for this Annual Meeting is to encourage entrepreneurship and job creation.
Notes to Editors
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2009/12/25
Call for Participation: OMG's Real-time, Embedded and Enterprise-Scale Time-Critical
Event will be part of OMG Standards for Mission Critical Systems Workshop; May 24-26, 2010, Washington, D.C., USA
NEEDHAM, Mass., Dec. 22 /PRNewswire-USNewswire/ -- OMG(TM) today issued a Call for Participation for the Eleventh Annual Real-time, Embedded and Enterprise-Scale Time-Critical Systems Workshop, to be held on May 24-26, 2010 in Arlington, VA, USA. The Workshop is part of the OMG Standards for Mission Critical Systems Workshop, alongside parallel events on Complex Event Processing and Cyber Security, which Real-time and Embedded Workshop participants are also invited to attend. For more information or to respond to the Call for Participation, please visit http://www.omg.org/rt2010. The submission deadline is February 1, 2010.
For more click the link below:
Call for Participation: OMG's Real-time, Embedded and Enterprise-Scale Time-Critical
NEEDHAM, Mass., Dec. 22 /PRNewswire-USNewswire/ -- OMG(TM) today issued a Call for Participation for the Eleventh Annual Real-time, Embedded and Enterprise-Scale Time-Critical Systems Workshop, to be held on May 24-26, 2010 in Arlington, VA, USA. The Workshop is part of the OMG Standards for Mission Critical Systems Workshop, alongside parallel events on Complex Event Processing and Cyber Security, which Real-time and Embedded Workshop participants are also invited to attend. For more information or to respond to the Call for Participation, please visit http://www.omg.org/rt2010. The submission deadline is February 1, 2010.
For more click the link below:
Call for Participation: OMG's Real-time, Embedded and Enterprise-Scale Time-Critical
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