Following on from the Business Principles Meeting in Canberra last week, the following documents have been circulated to the various Constituent Bodies for their information. This information directly relates to the ATA’s Special Meeting to be conducted on June 25th, 2005 in Canberra. The Special Meeting will focus on the proposed Constitutional changes for Australian Touch. If you wish to make any comment or require information regarding this process please email ATA Chief Executive Officer firstname.lastname@example.org who will then reply within 2 working days or forward your email to the appropriate person. Listed below are the documents forwarded for this meeting: Supporting notes to the proposed final draft constitution Final draft constitution Affiliation regulations Special General Meeting agenda June 25, 2005 Special General Meeting 2004 minutes ATA memo meeting agenda travel Annual General Meeting 2004 minutes 2004 reconvened Special General Meeting agenda Final draft standing orders
The federal government has proposed accepting British Columbia’s rules to cut methane emissions that cause climate change despite an independent report that says the regulations would be weaker than Ottawa’s.Some environmental groups fear the same could happen in Alberta and Saskatchewan, which they say would make it harder for Canada to meet its greenhouse gas commitments.“It’s a weak first step,” said Jan Gorski of the Pembina Institute, a clean energy think-tank. “If they’re willing to approve regulations that are subpar in B.C., then it really puts the opportunity to meet the climate goals at risk.”Methane is a greenhouse gas between 30 and 80 times more potent than carbon dioxide. Almost half of Canada’s methane emissions leak from oil and gas facilities and the governing Liberals have announced targets to reduce them by 45 per cent.On the weekend, the federal government announced the start of a consultation period for accepting B.C.’s proposed regulations instead of those developed in Ottawa.“(The B.C. proposal) will result in methane emission reductions that meet the expected impact,” says a government document.But in February, an independent scientific review of fracking commissioned by the B.C. government concluded the province’s proposed rules weren’t as stringent as the federal ones.Under B.C.’s proposals, a leaking well could emit more than twice the amount of methane than Ottawa will allow when its rules come into effect next year.“Potentially, a leaking well can exceed the federal limit,” the review says.The review also points out that the province would reduce the amount of inspection and leak detection that federal rules require.Federal rules will require inspections at least three times a year. British Columbia would require them once yearly.The energy industry supports methane reduction goals. But it has said the best way to achieve them is to let producers focus on an overall target instead of requiring standard testing for all facilities.The Canadian Association of Petroleum Producers argues that focusing on the largest emitters instead of imposing across-the-board inspections would give the biggest bang for the buck.“The incremental volume of leaks detected and repaired with a survey frequency of three times per year … has not been high and,consequently, may result in much higher abatement costs,” the association said in a letter to B.C.’s regulator.The problem, said Gorksi, is that it’s tough to measure how much methane escapes from large emitters.“What they’re proposing is an outcome-based regulation. For that kind of regulation to work, you need really good data.”Alberta and Saskatchewan have proposed similar outcome-based approaches for methane reduction. Gorski said rules drafted by both provinces would fall short of Ottawa’s reduction costs.Previous studies using aerial measurement suggest industry estimates of methane emissions from oil and gas fields — especially heavy oil fields — are far low of the mark. The B.C.-commissioned review quotes similar evidence.“Leakage incident rates are strongly influenced by reporting standards rather than actual well failure rate,” it says.An Environment Canada spokeswoman said the government has published an analysis of why it thinks the B.C. proposal would reduce methane by the same amount as the federal rules.“We think B.C.’s regulations could deliver equivalent reductions,” Sabrina Kim said in an email.The federal analysis relies on the same estimates that aerial measurements have questioned.Gorski said requiring producers to use best practices everywhere is the surest way to meet the reduction targets.— Follow Bob Weber on Twitter at @row1960 Bob Weber, The Canadian Press
WASHINGTON – The Federal Reserve says U.S. industrial production rose 0.9 per cent in December, pulled higher by a surge in utility output, another sign of health for the American economy.Utility production shot up 5.6 per cent last month, the most since March 2017, as Americans turned up the heat during a year-end cold snap in the East and Midwest. Manufacturing output edged up 0.1 per cent, the fourth straight monthly increase, helped by a healthy uptick in production of cars, trucks and auto parts. Mining production rose 1.6 per cent, largely because of an increase in extraction of oil and natural gas.Overall industrial production — including manufacturing, mining and utilities — rose 3.6 per cent over the past year. It was the best annual performance since 2010.The U.S. economy is looking healthy. Growth clocked in at a 3.2 per cent annual pace from July through September after growing 3.1 per cent in the second quarter. Unemployment is at a 17-year low of 4.1 per cent. Factories added 196,000 jobs last year, the most since 2014.Jennifer Lee, senior economist at BMO Capital Markets, said the December industrial production report “is consistent with a solid growth story” and supports BMO’s forecast of solid 2.9 per cent U.S. economic growth in the fourth quarter of 2017.Industrial production picked up at the end of 2017 after being held down by the impact of Hurricanes Harvey and Irma. American industry, benefiting from an improving world economy and a drop in the dollar that makes U.S. products less expensive abroad, was running at 77.9 per cent of capacity last month, the highest since February 2015.
The following properties have been put under an evacuation order: 9911 265 Road, 7711 Old Fort Road, 7587 Old Fort Road, 7583 Old Fort Road, 6975 Old Fort Road, 9820 River Road and 9813 River Road.An Evacuation Order is put in place when there is an immediate danger to life safety.Activated tonight by PRRD and RCMP to assist with delivering a few more evacuation orders to Old Fort residents.https://t.co/jVOfzK21rf— North Peace SAR (@NorthPeaceSAR) October 7, 2018When an Evacuation Order is issued, people must leave the area immediately, follow the directions of local emergency officials and evacuate using the route(s) they’ve identified. Do not return home until you’ve been advised that the Evacuation Order has been rescinded or canceled.This map shows all the properties that have been evacuated after the landslide.Community meetings held SaturdaySaturday afternoon Peace River Regional District Board Chair, Peace River North MLA Dan Davies and Prince George, Peace River Northern Rockies MP Bob Zimmer hosted two meetings for residents of the Old Fort. UPDATE as of 9 p.m. – The PRRD has expanded the evacuation order to one more property. The home at 6786 265 Road is also now under an evacuation order.FORT ST. JOHN, B.C. – Eight more properties have been placed under an evacuation order due to the Old Fort Landslide.The slide continues to grow with the latest assessment showing cracks have been discovered all the way down to the Peace River. At the meeting in Fort St. John residents expressed their frustrations with the lack of communication since the slide happened one week ago. While many residents are still living in the Old Fort, others have left and are staying with family and friends in Fort St. John.Brad Sperling is the Chair of the Peace River Regional District, and the District is in charge of dealing with this emergency. Chair Sperling expressed his frustration that even though the Regional District is in charge, they need to ask for permission from the Province before implementing anything. “There’s a time-lapse because (Emergency Management B.C.) is not in the PRRD office with our people. If our people ask for or have to decide something they have to pick up the phone and wait for the response from Emergency Management B.C.”Chair Sperling says the process has to change. “The process has to change. If the Regional District issues a state of emergency, then Emergency Management B.C. should have personnel on site the next day.” Peace River North MLA Dan Davies says he met with Mike Farnworth the Minister of Public Safety and Solicitor General on Thursday and shared gave the minister an update on the situation and invited the Minister to visit the community. MLA Davies says communication is still an issue. “We have a lot of questions, and the residents have a lot of questions. There seems to be a communication breakdown, and we have to start improving that.”Water situationThe Peace River Regional District is working to provide potable water to residents of the Old Fort. The company has started to deploy a water hose down the hill and will be setting up temporary barricades at the bottom and midpoint of the hill.The PRRD is asking that residents not to travel up and down the hill on quads or side by sides while the hose is deployed due to the safety risk to area residents and water company personnel. For liability reasons and safety reasons, the water company has to stop work anytime someone heads up the hill, and it delays the work by at least 30 minutes.The hope is to have potable water available to the residents of the Old Fort by Sunday.During the meeting on Saturday in Fort St. John Chair Sperling said the PRRD would pay for the water needed by Old Fort residents after Emergency Management B.C. said it would be up to residents of the Old Fort to pay for the water.Alternate Road AccessThe Ministry of Transportation continues to look at alternate access to the Old Fort. One option is no longer available due to the increased area covered under an evacuation order. The second to build temporary bridges to a nearby island and then over to Site C is currently being investigated. There is no timeline on when an alternative route to the community will be created.MLA Dan Davies also mentioned he has asked for permission to use the boat launch at Site C to help decrease the travel time to Fort St. John. The MLA said he hopes to receive approval and have that in use this week.Gravel PitThe BC Ministry of Energy, Mines & Petroleum Resources has authorized the removal of material from the gravel pit located above the original slide to relieve the weight on top of the slide. This activity is under the direction of a professional geotechnical engineer who is monitoring it for any further movement.The PRRD Emergency Operations Centre has provided the site operator with an entry permit to conduct this work within the evacuation order area based on the conditions set by the Ministry and their geotechnical engineer.Community MeetingThere will be a community meeting on Monday at 11 a.m. at the Stonebridge Hotel. MLA Davies says there will be an official from Emergency Management B.C. at the meeting. That person should have more information about the size of the slide and what will happen next.Residents of the Old Fort are welcome to attend the meeting in Fort St. John. The meeting will also be streamed live on the Peace River Regional District’s website at www.prrd.bc.ca, and it will also be streamed live on the Energeticcity.ca Facebook page.
OTTAWA — The Liberals are promising that a re-elected Justin Trudeau government would impose new taxes on the wealthy, large international corporations, foreign housing speculators and tech giants to help cover the cost of billions in new spending and a tax break for the middle class.Even so, the Liberal platform released today projects another four years of deficits — $27.4 billion next year, falling to $21 billion by the fourth year of the mandate.However, it promises that Canada’s debt-to-GDP ratio, already one of the most favourable among industrialized countries, will continue to decrease. The Canadian Press A re-elected Liberal government would impose an additional 10 per cent excise tax on luxury cars, boats and personal aircraft with price tags of more than $100,000.Tech giants like Google, Amazon and Facebook with global revenues of at least $1 billion a year would face a three per cent tax on revenue generated by the sale of online advertising and users’ personal data.Non-resident foreigners who own vacant property in cities like Vancouver and Toronto, where speculation is a concern, will also face a national tax.And the Liberals would crack down on tax loopholes that they say allow large corporations to excessively deduct debt to artificially reduce the amount of taxes they pay.This report by The Canadian Press was first published Sept. 29, 2019.
Lucknow: Opposition Samajwadi Party Monday urged the Election Commission to remove Uttar Pradesh’s police chief OP Singh from the post alleging he was “favouring” the ruling BJP and affecting elections.The party also alleged that in at least two polling booths the VVPAT machine showed the voting for the BJP when the ballot was cast for the SP. SP chief Akhilesh Yadav’s wife Dimple is contesting from the constituency. Party leader Dharmendra Yadav said the DGP was “misusing” government machinery to help the BJP. Also Read – India gets first tranche of Swiss account details under automatic exchange framework”We demanded from the EC to remove him immediately,” Yadav told reporters here. He was part of an SP delegation that met CEO L Venkatenshwar Lu and submitted a memorandum demanding the immediate removal of the DGP. It highlighted the issue of “faulty” EVMs. “The police are terrorising minority voters. The force is being misused in favour of the BJP. We have apprised the CEO about it,” SP spokesman Rajendra Chowdhury said.
Welcome to this week’s episode of Hot Takedown, our podcast where the hot sports takes of the week meet the numbers that prove them right or tear them down. On this week’s special show (July 14, 2015), we go to Stat School. With Kate on vacation, Chad out of the office and Neil stuck in New York, we pre-taped an episode that breaks down three ways to measure batting, in increasing complexity: batting average, OPS (on-base plus slugging) and wRC+ (weighted runs created plus). Neil schools Kate and Chad on the pros and cons of the stats, and what sabermetrics has taught us about players like the Colorado Rockies’ Nolan Arenado.Stream the episode by clicking the play button, or subscribe using one of the podcast clients we’ve linked to above.Below are some links to what we discuss on this week’s show:Nolan Arenado’s stat page.An in-depth explanation of batting average.An OPS breakdown.What is wRC+? More: Apple Podcasts | ESPN App | RSS Hot Takedown If you’re a fan of our podcasts, be sure to subscribe on Apple Podcasts and leave a rating/review. That helps spread the word to other listeners. And get in touch by email, on Twitter or in the comments. Tell us what you think, send us hot takes to discuss and tell us why we’re wrong.
Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, September 11, 2017 – Grand Bahama – The University of The Bahamas wishes to advise that, considering weather conditions and the need for further post-hurricane assessments, UB-North in Grand Bahama remains closed until further notice.Students and faculty who returned to their respective islands as Hurricane Irma posed a threat will be permitted time to safely return to their campuses and resume classes. Faculty members will extend some latitude to those affected students concerning academic requirements.Press Release: University of The Bahamas
After the Disaster . . . What Should I Do Now?Information to Help Small Business Owners Make Post-Disaster Business DecisionsBy Daniel J. Alesch, James N. Holly, Elliott Mittler, and Robert NagyUniversity of Wisconsin-Green Bay Center for Organizational StudiesPublished by the Public Entity Risk Institute On the Web at: www.riskinstitute.orgPublic Entity Risk InstituteThe Public Entity Risk Institute’s mission is to serve public, private, and nonprofit organizations as a dynamic, forward thinking resource for the practical enhancement of risk management. PERI pursues its mission by:Facilitating the development and delivery of education and training on all aspects of risk management, particularly for public entities, small nonprofit organizations, and small businesses.Serving as a resource center and clearinghouse for risk management, environmental liability management, and disaster management information.Operating an innovative, forward-looking grant and research program in risk management, environmental liability management, and disaster management.For complete information on PERI’s programs and information services, visit our Web site at www.riskinstitute.org.To access a wealth of risk management intelligence, visit the Risk Management Resource Center, at www.eriskcenter.org, a collaborative Web site operated by PERI, the Public Risk Management Association (PRIMA), and the Nonprofit Risk Management Center (NRMC).Public Entity Risk Institute11350 Random Hills Road, Suite 210Fairfax, VA 22030Phone: (703) 352-1846FAX: (703) 352-6339Gerard J. HoetmerExecutive DirectorThe Public Entity Risk Institute (PERI) provides these materials “as is,” for educational and informational purposes only, and without representation, guarantee or warranty of any kind, express or implied, including any warranty relating to the accuracy, reliability, completeness, currency or usefulness of the content of this material. Publication and distribution of this material is not an endorsement by PERI, its officers, directors or employees of any opinions, conclusions or recommendations contained herein. PERI will not be liable for any claims for damages of any kind based upon errors, omissions or other inaccuracies in the information or material contained on these pages. PERI is not engaged in rendering professional services of any kind, and the information in these materials should not be construed as professional advice. Users bear complete responsibility for any reliance on this material, and should contact a competent professional familiar with their particular factual situation if expert assistance is required.Business Survival is not Assured by Reopening the DoorsDuring a PERI-funded research project, we worked with more than 120 small business owners and managers of not-for-profit organizations all across the country to understand what happens to them following various natural disasters.We’ve talked with some a few months after the disaster, with some as many as seven years after the event, and, with still others, every year for five years after the disaster.We’ve reached several important conclusions that should weigh heavily on any business owner’s decisions about what to do with his or her business in the aftermath of a major disaster:First, we have concluded that disaster events cause problems for businesses unrelated to the amount of direct damage they sustain from the event and from related events, like fire following an earthquake.Second, we found that, unless the business owner makes good decisions about recovery, the largest losses to the business come in the years after disaster and not from the direct damage of the disaster itself.Third, we found that, following any large scale disaster in a community, things never get “back to normal.” The community almost always changes permanently, ______________________This article is a supplement to a research project report — Organizations at Risk: What Happens When Small Businesses and Not-for-Profits Encounter Natural Disasters — written by the same authors and published by the Public Entity Risk Institute (PERI).The research project was supported with a grant from PERI. The complete report is available at no charge on the PERI Web site, at www.riskinstitute.org. It is located in the Publications, Tools, Resources section of the site, in the list of Disaster Management materials.Printed copies of Organizations at Risk, also available at no charge, can be requested through the Web site, or by contacting PERI at:Public Entity Risk Institute11350 Random Hills Rd., Suite 210Fairfax, VA 22030Phone: (703) 352-1846Fax: (703) 352-6339Creating a new business environment in which doing business the old way often results in operating at a loss for years and, then, when all equity in the business is used up, going out of business.Finally, we found that it is possible, if an owner takes the right steps, to not only survive a major natural disaster, but to achieve real business viability in the postevent environment.Among the factors that significantly contributed to business failures are:The effect the disaster event has on the customer base.The kinds of products or services the business provides.The business’ inability or unwillingness to respond appropriately to the new, post-event environment.The overall financial strength and stability of the business before the event.The owner’s inability or unwillingness to recognize the options available.What to Expect in the Weeks and Months Following the DisasterYour personal life will become stressful and uncertain following the event, even if you did not lose anyone close to you in the disaster. You are likely to experience considerable ambiguity, particularly if both your home and your business were damaged. For many business owners, stress will come simply from memories of the experience. You, or members of your family, may experience difficultly sleeping soundly. Much of the stress will come because your primary source of income is gone, at least temporarily. Some stress will be passed on to you from stressed employees. There will be stress around insurance delays, questions about coverage, and settlements. You may find yourself stressed about things you wish you had done, but there is little to gain in “I wish I woulda . . .” laments. Finally, all the stress around the business and loss usually leads to increased stress at home.In your business neighborhood, there will almost always be an underlying assumption on the part of business people, property owners, and public officials that “things will get back to normal soon,” but they will not. We found that there is often social pressure from other business people in the damaged area to get back into business and to make things like they were before.You will receive little information about rebuilding plans from the city or from owners and much of that information will be contradictory or wrong. State and local governments may be slow to respond with needed variances and recovery policies.Many people who lived in the damaged area and either lost their homes or experienced other losses will move away, many of them permanently. Volunteers and others will be there to help clean up, but they, too, will disappear as the physical evidence of the disaster is trucked away.Fundamental changes in the community will already have begun. Neighborhood trends that had started before the event are likely to speed up. The neighborhood will change forever, even if the buildings are put back just the way they were before the event. A new set of relationships, new neighbors, and new business patterns will develop.The businesses that survive will be those whose owners and managers understand and adapt to the new business environment.Options to Consider and Questions to Answer Before You Spend a Lot of Money to Reopen Your BusinessPerhaps the most difficult factor for a business owner to deal with is recognizing the available options. In our research, we found that many owners failed to see that they had alternatives available to them; in so doing, they severely limited themselves and their potential responses to the disaster. Too many business owners simply continued, after a disaster event, to do what they had done before the disaster event. Their failure to consider the available options made it difficult to respond appropriately to the new, post-event environment. Most of these businesses fell by the wayside.However, a few entrepreneurs did consider the options available to them. In doing so, they were able to devise or, in some cases, they just happened upon, recovery strategies that enabled them to avoid almost certain failure. These strategies frequently led to profitable futures.The suggestions included here for post-disaster business recovery are predicated on your willingness to consider the options available to you as a business owner and your desire to make informed business decisions.We’ve put together, based on our research, a series of things to consider and questions to answer that will help you develop a sensible post-disaster strategy. That strategy is intended to increase the probability that your firm can become financially viable in the post-event environment. Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, September 15, 2017 – Providenciales – FIRST, REALLY UNDERSTAND YOUR BASIC OPTIONSAfter a major disaster, almost every small business owner says, “Wow, that was quite a bump in the road. Time to get back to business.” And then he or she continues doing the same things in the same way, assuming things will get back to normal.Following major disasters such as a strong earthquake, a major hurricane, widespread flooding, rioting and civil disruption, or a devastating terrorist attack, things change forever. What that means is that your business environment is changed and that what worked well in the past may not work at all now, especially in your current location.When a major disaster affects you, your financial survival depends on how well you make decisions in the new environment. One of the very first things you should do is identify the basic options that are available to you. It is not good enough to say, “Well, this business is what I do. It is the only thing I know.” You have to consider other things.We think that, initially, you have at least three basic options available to you.Option One – You can reopen your business.Option Two – You can close your business.Option three – You can (try to) sell or transfer the business to someone else.Too often, in the stressful aftermath of disaster, a business owner chooses to reopen his or her business without considering or even knowing about the alternatives available, factors to consider, or the potential consequences of his or her actions. Some additional information about how to pursue each option, which may influence your choice of options, is provided below. This additional information should be studied before any decision is made. (The advantages, disadvantages and other issues to consider when deciding whether or not to reopen your business after a disaster are discussed in the next section of this article.)Option One – Reopen Your BusinessYou can finance your business reopening with company assets, personal saving, low-interest loans, traditional loans, insurance proceeds, investment, family loans, credit cards, and so forth.You can reestablish your business at the same location or you can relocate your business. (Some loans and grants have conditions that prohibit relocation.)You can reopen your business offering the same products and services you provide before the disaster event or you can change, in part or entirely, the products and services you provide.Option Two – Close Your BusinessYou can walk away.You can liquidate the businessYou can start a new business with new product/services or the same product/service you previously provided.You can go to work for someone else.You can retire.Option Three – You Can (Try To) Sell or Transfer the Business to Someone ElseYou can sell or transfer the business to your children. (If they are interested in running a business.)You can sell or transfer the business to a competitor.You can turn over the business to a relative or former employee.These options are not singular or mutually exclusive. For example, you may walk away from one business and start a new business, in a new location, that provides products and services, which may be the same or different from your previous business.Very likely, you will be able to think of other options. The three basic options we’ve outlined are just for starters – something to get you thinking.SECOND, ANSWER THESE QUESTIONS BEFORE DECIDING WHETHER TO REOPEN YOUR BUSINESSWhat Happened and What Is Happening?Make an effort to understand what happened and what is happening as a consequence of the event. This is a difficult assignment because everything will be in flux, surrounded in ambiguity, and changing rapidly. Information will be unreliable. That means that one quick look around will not be enough. The problem is that you need accurate, reliable information on which to make sensible decisions about your business in the post-disaster environment. You will have to be engaged in a continuous effort to know what is going on in your neighborhood, your business community, and your local jurisdiction.What Happened to Your Customers?If you are in manufacturing or wholesaling, it is likely that your customer base is geographically dispersed. Only a few of them may have suffered losses from the event. In that case, it is important for you to do what is necessary to ensure that you meet your customers’ continuing needs.If you suffered significant losses and will have to be closed for some time, it is important to learn what your customers are doing during the time it takes you to reopen. If your customers did not suffer major losses, they may change their buying habits and you may have to fight an uphill battle to win them back. Do your customers still want or need your product or service? Can they afford it?Whether it makes sense to reopen your business depends mainly on what happened to your customers as a result of the event. If all or most of your customers suffered large losses as a consequence of the disaster, there is little reason for you to reopen quickly, unless you have something they need desperately. For example, it usually makes sense for lumberyards and building supply, pharmacies, physicians, furnishings and appliances, construction, dry cleaning and laundry, and grocery stores to reopen quickly.However, if you sell goods and services that come from discretionary money, your customers may not be able to afford what you have to offer as they attempt to pick up the pieces. We found that people who had big losses put off spending money at the optometrist, at specialty restaurants, for things like recreational gear, and for jewelry and expensive gifts. Sometimes, your customers may move away. In that case, reopening is like starting over.How Much Did You Lose and Where Will the Money Come From to Reopen?If you suffered losses and were not insured, where will the money come from to reopen? Most business owners we talked with used their life savings, borrowed from relatives, used their credit cards, got a little help from suppliers and/or customers, or got loans through the Small Business Administration or from conventional lenders. A few got loans or grants from local government. Do not expect any money from FEMA, the Red Cross, or other disaster assistance organizations – small businesses and small business owners usually are not eligible for that kind of assistance.Before you decide to use your life savings or borrow money from organizations that require you to use your home and other personal assets as collateral, it makes sense to take a very serious look at your business prospects in the post-disaster environment. There is a very good chance that your old business plan is no longer viable, depending on what happened to you and your customers.We talked with dozens of small business owners who used all their savings to reopen a business that went nowhere in the post-disaster environment. They lost their savings and the business. Often, reopening after a major disaster is like starting a new business. Banks and the SBA will probably be willing to loan you money to reopen based on your experience before the disaster, but, before you make that commitment, make sure you have a solid business plan for the post-disaster environment.Before you reopen, understand fully that things will never be the way they were before. Last year’s business plan is dead as a dodo. It is time to conduct a new feasibility analysis and to rebuild your pro forma and cash flow analysis before committing any cash to the new venture. If you can reopen without putting any significant amount of money into the venture and you have good reason to expect your customers to be there, then go ahead. But, unless you have a service or product that people need desperately, expect that your business will not be what it was before the event for a long time.In any event, it makes sense to be cautious. Be cautious about how you use your insurance proceeds; don’t confuse cash flow with investment. Be wary of taking loans that require you to use personal assets, like your home, as collateral. Be wary of taking loans that will be forgiven if you stay in the same business in the same location. You may be far better off moving to a new location.If you are at or near retirement age, you will want to think particularly carefully about reopening the business. Many people we interviewed put their savings back into a business that did not survive the next five years. You may be better off liquidating your business assets and putting your money in safer investments. Sometimes, even if your alternatives look bleak, it still makes sense to walk away.If you had insurance that covered most of your losses, you are in the minority of small business owners. Many small firms will have experienced uninsured disaster related losses from damage to their plant or equipment, their inventory, and to the building they rent or own. Many more lose money from uninsured business interruption in the chaotic period following the disaster.How Strong Was Your Business Before the Event?How Well Is Your Firm Positioned with Regard to the Dominant Trends in Your Industry? Even if your organization was doing well before the disaster, it is important for you to take a hard look at where your firm is with regard to dominant trends in the area where you do business. Retail patterns are, of course, changing. Small town, downtown merchants are having a tough struggle against giant chain retailers located on the outskirts of town. If your firm is positioned favorably with regard to industry trends, your chances of surviving a disaster are much better than if your firm is in an uphill fight against major trends.Only you will know how strong your business was before the disaster. If you were losing out to the competition before the disaster, there is no reason to believe you can do better after the disaster. If your firm was doing well, growing and becoming more profitable each year, chances are you can do well after the disaster, provided you can retain your customers in the unsettled times after the event.Are You Able to Give What It Is Going to Take?It takes a lot of energy and commitment to start a new business. You know that. You’ve done it. Remember that, following a real disaster, it usually takes that same level of commitment and energy to revitalize a business that has suffered a disastrous event. Ask yourself whether you still have the drive needed to do it again. If so, good luck with your venture. If not, it makes a lot of sense to reconsider your options. Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:
The lease sales continue to include terms and conditions to promote exploration and development of Alaska’s oil and gas resources. Facebook0TwitterEmailPrintFriendly分享The Alaska Department of Natural Resources announced that the state has received eight total bids in the Cook Inlet lease sale. The preliminary sale results will be posted later today at www.dog.dnr.alaska.gov. The division did not receive bids in the annual Alaska Peninsula oil and gas lease sale. Chantal Walsh, director of the Division of Oil and Gas: “The State of Alaska’s oil and gas leasing program is critical for the responsible development of our world-class resources and for our economic well-being. Through our lease sales, we seek investors to explore and develop on state lands for the benefit of all Alaskans.” The Division of Oil and Gas received a total of eight bids encompassing 16,636 acres and totaling approximately $298,800 in bonus bids from Hilcorp Alaska LLC, according to preliminary results from today’s annual Cook Inlet oil and gas lease sale.
New Delhi, Jan 06 (ANI): Trading at the Bombay Stock Exchange today closed 58.81 points down to stand at 20,792.52. At the National Stock Exchange the Nifty closed 19.70 points down to stand at 6,191.45. Financial Technologies and TV18 Broadcast were among the top gainers of Group A with an increase of 9.93% and 8.33% along with Future Retail and CESC with an increase of 6.33% and 4.71% respectively, while the top losers of Group A include Bank of India and Hindustan Zinc with a decrease of 3.85% and 3.26% along with JPPOWER and Max India with a decrease of 3.17% and 3.10% at the close of the markets. The Auto sector is up 39.17 points at 12,067.77 while the banking sector is down 144.85 points at 12,630.25 and the realty sector is down 11.96 points at 1,429.88. The Indian currency is down 0.27% at Rs 62.33 per dollar.
Road Accident logoA woman was killed as a bus knocked her down in front of the National Press Club in the capital on Friday morning.The deceased was identified as Samiran Akhter Selina, 50, wife of late Abdul Barik, from Sirajdikhan upazila of Munshiganj. She used to live in Subadda Jinjira area of Keraniganj.Sub-inspector Bachchu Miah, in-charge of Dhaka Medical College Hospital (DMCH) police outpost, said the speeding ‘Midline Paribahan’ bus hit Samiran while she was getting down from another bus, leaving her critically injured.Later, she was taken to the DMCH where physicians declared her dead around 10:35am.
A test pilot stands near a F/A-18 Super Hornet aircraft on display ahead of the “Aero India 2011” at Yelahanka air force station on the outskirts of Bangalore. Reuters file photoBoeing Co, considered the frontrunner in the race to supply the Indian navy with new fighter jets, is now in contention for a much bigger $15 billion order after the government abruptly asked the air force to consider the twin-engine planes.Until recently, Lockheed Martin Corp’s F-16 and Saab AB’s Gripen were in a two-horse race supply at least 100 single-engine jets to build up the Indian Air Force’s fast-depleting combat fleet.Both had offered to build the planes in India in collaboration with local companies as part of Prime Minister Narendra Modi’s drive to build a domestic industrial base and cut back on arms imports.But last month the government asked the air force to open up the competition to twin-engine aircraft and to evaluate Boeing’s F/A-18 Super Hornet, a defence ministry source said. That jet is a finalist for the Indian navy’s $8 billion to $9 billion contract for 57 fighters.The defence ministry plans to within weeks issue a request for information (RFI), the first stage of a procurement process, for a fighter to be built in India. The competition will be open to both single and twin-engine jets, the official said, but both Lockheed and Saab said they had not been informed about the new requirements.The latest change of heart is a major opportunity for Boeing, whose only foreign Super Hornet customer so far is the Royal Australian Air Force.It also illustrates how dysfunctional the weapons procurement process and arms industry are in the world’s second-most-populous country. The need for new fighters has been known for nearly 15 years, but after many announcements, twists and turns, the country’s air force has only three-quarters of the aircraft it needs.An indigenous light combat aircraft, the Tejas, is still not operational, 35 years after it was first proposed.An Indian Air Force source said fighter procurement was urgent: the branch’s operational strength has fallen to just 33 squadrons, its weakest level in four decades, as it decommissions Soviet-era MiG-21s.“The IAF wants the RFI issued within weeks and get the process started,” said the source, who declined to be identified because he was not authorised to speak to the media. “The problem is that government keeps shifting what it wants.”A PRESSING NEEDOver the next decade, 13 more squadrons will be retired as their aircraft age out of service, parliament’s standing committee on defence said in a December report.The defence ministry declined to comment on the air force’s aircraft modernisation programme, saying it was not in a position to do so.Lockheed, which had offered to shift its F-16 production line in Fort Worth, Texas, to India, said it had not been told of any change to the Indian plan for single-engine fighters.“Our proposed F-16 partnership with India stands firm,” the company said in an email. Last year it picked Tata Advanced Systems as its local partner and said it was in talks with dozens of firms to build up the supplier network.“The Government of India has not yet issued formal requirements but we are continuing to support government-to-government discussions and engage with Indian companies about F-16 industrial opportunities,” Lockheed said.Sweden’s Saab was also caught off guard.“We have seen the reports in the Indian media, but no new formal communication has been made to us regarding the fighter programme,” said Rob Hewson, Saab Asia Pacific’s head of communications.France’s Dassault Systemes SE’s Rafale, the Eurofighter Typhoon and Russian aircraft are also potential contenders under the new requirements, the air force source and industry analysts said.An order the size of India’s is rare. The only comparable opportunity for the Super Hornet is Canada’s request for 88 fighters, which could be worth as much as $14.6 billion.The Indian air force competition has echoes of a 2007 tender for 126 medium multi-role combat aircraft, which the Rafale won. But negotiations quickly bogged down over local production and prices, and in the end, the government ordered just 36 of the planes in 2016 for $8.7 billion.LOCAL FIGHTERThe air force ideally would like a combination of lighter single-engine and twin-engine jets, as well as stealthy aircraft, but cannot afford such a range of foreign systems, analysts said.A twin-engine foreign fighter would perhaps offer the best value while the Tejas finishes development, they said.India’s annual defence capital procurement budget of $14 billion to $15 billion has to be spread over the army, navy, air force and the indigenous defence research organisation.“The operational costs are going up with increased manpower, higher wages and general inflation. Ministry of Defence doesn’t have the luxury to go for too many platforms despite the rapidly falling squadron strength of the air force,” said Amber Dubey, partner and India head of aerospace and defence at global consultancy KPMG.Boeing India President Pratyush Kumar said the company was ready to respond to any request from the air force.“We will follow the MoD’s lead on their process and will be responsive to their needs if we are asked to provide any information,” he said.Kumar said Boeing was committed to building the planes in India and had offered to help with India’s plans to develop its own advanced medium combat aircraft.But the experience with the Rafale contract has made experts sceptical that the latest tender will proceed as planned.Richard A. Bitzinger, visiting senior fellow at Singapore’s S.Rajaratnam School of International Studies, said he did not expect a resolution in even the next two to three years.“I am never surprised by what the Indians do when it comes to their procurement tenders. They are constantly changing the rules, changing their minds, and often even cancelling orders mid-way through,” he said.“The Indians have a remarkable knack for snatching defeat from the jaws of victory.”
In a major setback for many women across the country, the Supreme Court has said that a daughter’s right to ancestral property does not arise if the father died before the amendment to Hindu law came into force in 2005.The apex court held that amended provisions of the Hindu Succession (Amendment) Act, 2005, do not have retrospective effect. The father would have to be alive on 9th of September, 2005, if the daughter were to become a co-sharer with her male siblings.A bench of Justices Anil R Dave and Adarsh K Goel held that the date of a daughter becoming co-parcener is on and from the commencement of the Act.
Khadi and Village Industries Commission, Ministry of MSME, Government of India inked an exclusive partnership with Raymond Ltd to position Khadi as a ‘fashion fabric’ globally. This first of its kind initiative explores synergies between two iconic Indian brands that boast of Make in India legacy and represents the rich cultural heritages of India. Branded as ‘Khadi by Raymond’, the collection would be available at KVIC outlets and Raymond Shops across the country from February 2017. Also Read – Add new books to your shelfIn the august presence of Vinai Kumar Saxena, Chairman KVIC and Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd, the agreement was signed by Usha Suresh, CEO, KVIC and Sanjay Behl, CEO Raymond Ltd.Speaking on this partnership, KVIC Chairman VK Saxena said, “Inking an agreement with Raymond for value added marketing of Khadi is an act of integrating rural industry with urban industry, which in other words is the socio-economic unity of nation’s creative diversity. This is a historic agreement where a major fabric producer like Raymond will promote Khadi. In line with the Prime Minister’s vision, this agreement is going to bridge the urban-rural divide. The best of India’s minds and resources should work for the poorest and rural have-nots. This therefore is a humble gesture of KVIC in this direction.” Also Read – Over 2 hours screen time daily will make your kids impulsiveReckoned as ‘Fabric of the Nation’, Khadi is a symbol of self-sufficiency and independence that played a major role during the freedom struggle of India. It is a standing testimony to the nation’s economic liberty and dignity. Commenting on the association, Gautam Hari Singhania, said, “In the Indian context, spinning charkha has always been a symbol of self-reliance and it gives me an immense pleasure as Raymond now has Khadi – a true Indian fabric as a part of its product portfolio. In our quest to remain committed towards ‘Make in India’ initiative and aligned with Prime Minister’s vision for Khadi, this is a defining moment as this association with KVIC will create multiple employment opportunities and will empower the artisans, especially women in rural India.” This initiative is conceptualised under KVIC Act that permits it to promote the sale and marketing of Khadi or products of village industries or handicrafts and forge links with established marketing agencies through the PPP mode. Under this convergence, Raymond has agreed for a guaranteed minimum procurement of Khadi and Khadi products for a period of 5 years with primary purchases of muslin cotton and silk.Branded as ‘Khadi by Raymond’, a mélange of Indian ethos and latest trends is sure to position Khadi as a viable fashion fabric. As a part of this strategic association, Raymond will also bring in the design interventions at Khadi manufacturing clusters across the country along with providing technical expertise. Additionally, Raymond will procure all India Khadi varieties from departmental sales outlets of KVIC for OTC sales as well as crafting readymade garments for its apparel brands.Elaborating on this strategic initiative; Usha Suresh, CEO KVIC said, “KVIC is committed to the cause of enriching the livelihood of its khadi artisans. It has taken several steps for improving marketing of khadi products including the introduction of the Khadi Mark. All genuine khadi products shall bear the Khadi Mark. To promote Khadi as a global and a fashionable fabric, this partnership with Raymond will provide Khadi a niche among the fashion conscious global Indian who is also a genuine lover of hand spun fabric.”In line with the Prime Minister’s vision of promoting ‘Khadi for Fashion’, this initiative will ensure that Khadi is positioned as a fabric of choice through multiple communications and promotions reaching out to the discerning consumer. Additionally, the Khadi Logo will be displayed inside the Raymond stores through visual merchandising, where Khadi products are displayed.Currently, Khadi is being marketed by Khadi Gramodyog Bhavan’s stores as well as through the sales outlets run by the institutions financed by KVIC and KVIB. During the occasion of signing this agreement, Sanjay Behl said, “There is an evolving trend of customer’s preference shifting towards natural fibers over synthetic blends. Khadi is a perfect solution offering the widest array of natural fibers, which are also hand spun and hand woven. With this association, it is our endeavor to position Khadi by Raymond as a true Indian fashion fabric globally. Raymond will offer a wide array of fabric blends and garments spanning across Khadi suits, jackets, shirts and trousers, in line with international design and quality trends.”Khadi by Raymond products will be available at KVIC outlets, The Raymond Shops across India and leading e-commerce portals. On this occasion Gautam Hari Singhania donated charkhas for project Sahyog, whereby unemployed spinner women are provided with livelihood opportunities by KVIC.
Football club Sevilla FC, the winner of yesterday’s Europa League championship final in Turin, has selected TDF Group unit Arkena to provide its online video platform to live-stream its 24-hour TV channel SFCTV.Arkena is also supporting the delivery of on-demand content including interviews and other exclusive footage.SFCTV is already available on IPTV and digital-terrestrial TV in Spain.“The pitch is no longer the only place where football clubs need to perform. Today, we need to engage with our fans: we need a strong team as much as a strong brand. Arkena’s OVP is a powerful tool helping us to spread Sevilla FC’s values and create awareness,” said Francisco Romera, marketing manager of Sevilla FC.
Mark ZuckerbergFacebook is looking to launch a dedicated video offering as engagement with video content on the service continues to grow. Speaking on the company’s fourth quarter a full year earnings call, CEO Mark Zuckerberg said that 100 million hours of video are now watched each day on Facebook, while COO Sheryl Sandberg said that 500 million people watch video daily.“We’ve been testing new experiences like suggested videos which enables people to discover more videos they might be interested in. We’re also exploring ways to give people a dedicated place on Facebook for when they just want to watch videos,” said Zuckerberg.Chief finance officer Dave Wehner said on the call that video is helping Facebook in terms of time spent on the site and engagement. Sandberg added that video ads are important and give Facebook’s advertising business room to grow, given the volume of video being consumed.“What we’re seeing is that users are generating a lot of really high quality content, often pretty short-form, that people are really happy to consume. We believe that trend will continue because we’re at the very beginning with people really understanding the power of the smartphones,” said Sandberg.Discussing Facebook’s interest in virtual reality technology, Zuckerberg said that it had reached an “important milestone”. The Samsung Gear VR headset, which runs Oculus software, began shipping over the holiday period and pre-orders for Oculus headsets opening this month.Facebook’s involvement in VR dates back to 2014 when the company agreed to acquire Oculus Rift, a VR technology company that makes software as well as hardware like the Oculus Rift headset.“Over the long-term, VR has the potential to change the way that we live, work and communicate,” said Zuckerberg. “The reason why we’re interested in this as the social company is that we think that this is going to be a new way that people interact.”Overall Facebook reported revenue for full year 2015 of US$17.93 billion, an increase of 44% year-over-year. Net income for the full year was US$3.69 billion, compared to US$2.94 billion a year earlier.
TV app provider Accedo has raised US$10 million in capital after partnering with Stockholm-based private and growth equity fund, SEB Private Equity.The deal allows early investors of Accedo – including Industrifonden and Acacia – to exit as part of their investment strategy and adds capital that will be used for “continued growth and innovation”.“We’re excited to partner with SEB Private Equity to go to the next level. They share our vision of the market development and what a company like Accedo can deliver to truly transform the way consumers experience video services,” said Accedo CEO and co-founder, Michael Lantz.“We firmly believe that we’re still only in the beginning of the transformation of video consumption as we know it and we’re looking forward to continue our 12-year growth trajectory in the future.”At the same time, Accedo has appointed industry veteran and former Documentary Channel, OpenTV, Sky, and A&E executive, James Ackerman, as its new chairman of the board.
Good day… And a Tom Terrific Tuesday to you! Isaac continues to move through the Gulf, and toward New Orleans. It’s eerie and scary that Katrina hit New Orleans on August 29, 2005, Isaac could hit the same day, 7 years later. I can’t imagine how the people that live in that area of the Gulf are dealing with this, horrible reminder, and the oncoming Isaac. My thoughts, are with these people.Ok. well, yesterday morning, I received an email from a currency dealer, telling me that China had announced a large stimulus package for their slowing economy. But then there was no other reporting of such stimulus. I scoured the news wires and couldn’t find even a mention of stimulus. So, either this dealer knows something that no one else knows, or they received some bad intel. But, I believed it, hook, line and sinker, for this is what I’ve been waiting for. Yesterday, I looked out at the 1-year forward points, and couldn’t believe my eye! 1-year forwards, which on a non-deliverable forward like Chinese renminbi / yuan, is as much speculation as it is interest rate differential. and the speculators are seeing the renminbi / yuan much weaker in a year from now. Really? I thought. Really? I’m not buying into that thought. But that’s what the speculators have pushed the forward rates to.So. the currencies kind of drifted yesterday, with no real conviction to move higher, and just a slight bias for them to move lower. As I said yesterday, there wasn’t much in the way of data, anywhere in the world, so, the currencies & metals were left to trade on their own merits. And these days, that’s not good enough to move higher. apparently!This morning, the euro has moved higher to 1.2550. But the Aussie and New Zealand dollars are both seeing weakness.. Which is further proof to me that no stimulus in China was announced, stealth-wise or not, otherwise these two currencies would be stronger this morning. The euro got a boost when Spain announced that their auction of bonds this morning went well, and borrowing costs fell to a 4 month low.Well. last week I told you about how September would be chock-full-o-event-risks… And didn’t even mention the Big Kahuna of a Fed meeting will take place the 2nd week of September. and should, in my opinion hold the announcement of additional stimulus. You see, not a lot of people catch on to these things, but just like you can’t sneak the sun past the rooster, you can’t sneak these things past me! The thing I’m talking about is the statement in the FOMC meeting minutes from August that unless the economy showed strong progress, that additional stimulus would come “fairly soon”. Folks, they basically told us that it would come at the next meeting!By doing this in September, they hope to not look political. So. there! And for anyone caught by surprise next month at the Fed action, then they obviously weren’t listening to the Fed Heads, or reading the Pfennig! And all the talk by hawks like Plosser and Fisher, which should be the voices of reason, are not the consensus of the FOMC. So, when you read a statement from a Fed Head that’s a hawk, you might be moved to think that no additional stimulus is in the cards. and. if you agree with Goldman Sachs. you’ll come to that same conclusion..Goldman recently issued a statement that goes: “our best estimate is that it will take until late 2012 / early 2013 before Fed Officials return to balance sheet expansion.” So, folks.. this is really a conundrum for the markets. Will they or won’t they? I lean toward what I always fall back on. my thought that the Fed Heads “feel” like they need to stimulate the economy. and that the “fairly soon” comment is like smoke. and you know what I always say. Where there’s smoke, there’s fire.Saw this in the Washington Post, and thought it played well with my thought that while austerity plans and implementation slows down an economy short-term, they do not put a lid on economic growth further down the road, due to the fact that the Gov’t has less debt to have to deal with. But here’s the Washington Post from this past weekend.“In Ireland’s case that has meant a jump in employment late last year, a smidgen of new growth, and success in persuading global investors to buy several billion dollars of long-term government bonds in July. Portugal has not done as well, but its exports are growing, budget targets are being met, and growth is expected to resume next year.”So. you CAN implement austerity measures, and come out on the other side in better shape. That’s what I’ve been telling audiences for over a year now. The Eurozone, if held together, and I have no reason to believe it won’t be held together, in 3 to 5 years out, will be much better off having gone through the pain of austerity. Sure the Eurozone economy, as a whole, will suffer, and there will be pain, but as the old football coach used to tell me: “There’s no gain without pain”. And in 3 to 5 years, the euro will once again be the currency to own, for the Eurozone debt picture will look completely different. And the U.S.’s debt picture? Or Japan’s debt picture? Or even the U.K.’s debt picture? Well. none of these will have gone down the austerity road. Shoot Rudy, the U.S.’s GPS system can’t even find that road!According to the WSJ, the ratings agency, Fitch, has warned the U.S. that their AAA rating is at risk of a downgrade by the end of the 1st half of 2013. Nothing like dragging this out. Fitch has a had a negative outlook on the U.S. since December 2011, and they keep warning the U.S. administration that they will cut the rating next year, if the administration does not create a “credible” fiscal consolidation plan.In the latest poll on the U.S. economy. 2 of 3 people polled believe the U.S. is on the wrong track for economic growth. Well. are those 2 of 3 people prepared to do deal with the pain that will correct that track? I doubt itSooner or later, France will come back into the austerity fold.. The markets in France are already losing faith in French President, Hollande. France has rising unemployment, widening current account deficit and budget deficit. the economy hasn’t grown in 3 quarters, and now after returning from a 15-day summer vacation, Hollande has to figure out how to fill a 30 Billion euros budget hole. Remember that Hollande ran on promise that he would cut the budget deficit to 4.5% of GDP this year, and to 3% of GDP next year, from the current level of 5.2% of GDP.So. Hollande knew he couldn’t win the election if he talked about joining in with Germany and the austerity program. Then President, Sarkozy, ran with that. But now, Hollande has to figure out.. How to do that. Reminds me of that old TV show joke. where they would ask the guy to do some outlandish thing, and he would say, “I can do that. and then mutter, How am I going to do that? That’s Hollande. my bet, as it always has been that he’ll come back to German Chancellor, Angela Merkel, with his tail between his legs, and ask for forgiveness. just my opinion. but, history tells me this is what happens between French and German leaders.So, look for France to begin an austerity program soon. You know, there are a lot of economists out there, that think that the austerity way of doing things is wrong. But to them, kicking the can down the road with more debt, and hoping that you can inflate the debt away, just doesn’t sound good to me. I would rather pay the piper now.Well, switching gears here. I’m pretty shocked to see that the price of Oil slipped yesterday. Isaac has now idled 78% of U.S. Gulf Oil production, and the fire at the Venezuelan refinery continues to burn. Oil Production is getting hit hard, and we all know that means at the gas pump. The U.S. economy can’t carry a higher gas price too.I mentioned yesterday that the Swedish krona was the best performing currency in the overnight markets of Sunday and Monday morning. I had a Pfennig Reader send me a note from Sweden, telling me that the markets are screaming for a rate cut, to help weaken the krona, but the Central Bank Gov. is having none of that. In fact the reports are that the Riksbank has been buying krona.But then this morning, I see this story on the Bloomberg. “Investors should buy the Norwegian krone VS the Swedish counterpart on the view that the Norges Bank (Norway’s central bank) will be more supportive of the currency” – Nordea Bank AB’s alpha strategy team.So. this research team, has issued a buy of krone statement. You know what I’ve told you over the years. that you have to take these kinds of statements with a grain of salt, as you don’t know if the statement issuers are long the asset they are touting, and this way they get the price to bump up and they can sell their long position. or the other way around. So, be careful here. But, the Norwegian krone is stronger this morning.OK. last week I told you about the long time Pfennig Reader that sent me the note about Australia. Well, to counter that note, I also received a note from an Aussie Pfennig Reader, who had this to say about the BHP announcement that we talked about last week. “BHP have decided not to proceed with the expansion of Olympic Dam although they will continue to examine smaller scale expansions with a lesser capital exposure. The project would have made a significant contribution to South Australia but obviously not such a contribution to the BHP coffers – from what I understand there was a very long payback on the project (25 years?). The ore is buried under 300m of waste rock with a billion tonnes to be mined before ore is hit.The 15,000 jobs (in a state of 1.5M people) were not only jobs at the mine. This figure represents the likely additional jobs created across the state as a result of the expansion of the mine.End of the boom…no! Just one very large project with relatively unattractive economics being shelved because of some pessimism regarding the copper price outlook and other more attractive projects in the portfolio. Exploration continues, other projects continue to be developed, all is not pessimism.”OK. see conflicting reports. last night, my long time friend, John Mauldin, sent out an article by Jonathan Tepper. and the title of the story is: Australia: Running Out of Luck Down Under. So the conflicting stories continue, which is why I say that it’s far too soon to think about shorting the Aussie dollar (A$). But that’s just my opinion, and I could be wrong!The price of Gold is down $2 this morning. No Biggie. the move higher in Gold in the past couple of weeks has been very strong and impressive, and reminds one of the moves Gold made in years like 2010 when it gained 28%… If Gold were to gain 28% from its low of $1,540 back in May. that would push the price of Gold to $1,972. Now, I’m not saying that this is what is going to happen. I’m just making a point that Gold has gained 28% in a year before, it Could be done again. And with that thought. Here’s my friend, Jeff Clark of Big Gold with his thoughts on Gold’s corrections.Then There Was This. Here’s Jeff Clark of Big Gold. “In 2006, after a total decline of 22.6%, it took a year and four months for gold to surpass its old high. After the 2008 meltdown, it was a year and six months later before the metal hit a new record. The 16.2% drop in 2003 lasted seven months, and another two months before the price stayed above it.You can see that our (current) correction has lasted just shy of a year. If we matched the recovery time of 2006, gold would hit a new high on Christmas Eve (Merry Christmas!).But here’s the thing: that’s how long it would take gold to breach $1,900 again – it will take a couple months or more for the price to work up to that level, meaning the remaining time to buy gold under $1,700 will likely be measured in days or weeks, not months. This is bolstered by the fact that the price moved up strongly last week, and also that we’re on the doorstep of the seasonally strongest month of the year.This is an educated guess, of course, but what the data make clear is that all corrections eventually end – even the bloodbath in 2008. The current lag will come to an end too, and we’re certainly closer to the end of this corrective period than the beginning.”Chuck again. yes, we must go back like Jeff has done to measure the time spent in a correction and the resulting rally. I think Jeff was really saying that this is the last chance saloon to buy Gold below $1,700. to see Jeff’s full article click here.To recap. The currencies and metals drifted yesterday with only a slight bias to sell them. This morning the euro is stronger on the news that Spain’s auction went well, with borrowing costs reduced to a 4-month low. The Price of Oil slipped overnight, even with Isaac bearing down on the Gulf Coast Oil production, and the fire still raging at the Venezuelan refinery. The price of Gold also has slipped by $2 this morning. I wouldn’t put too much into this slippage. And it won’t be long before French President Hollande comes back to the austerity plan. He’s in a huge hole that needs to get fixed.Currencies today 8/28/12. American Style: A$ 1.0370, kiwi .8075, C$ $1.0110, euro 1.2540, sterling 1.5785, Swiss $1.0440, . European Style: rand 8.4030, krone 5.8155, SEK 6.57, forint 222.10, zloty 3.2730, koruna 19.7815, RUB 32.04, yen 78.65, sing 1.2525, HKD 7.7560, INR 55.69, China 6.3528, pesos 13.18, BRL 2.0325, Dollar Index 81.45, Oil $96.14, 10-year 1.64%, Silver $30.85, and Gold. $1,662.00That’s it for today. had to stop to sing along with the Los Bravos and their great song: Black is Black. I’m ready for the day now! Woke up ½- hour earlier than my alarm was scheduled to go off this morning, couldn’t go back to sleep, so just got up and came in. That doesn’t mean the letter will go out any earlier, it just means I had more time to sing along with my IPod! HA! First High School Swim meet of the year last night. Alex did pretty good, but he was still feeling the drag and affects of doing the triathlon on Sunday. We had little Braden Charles in the stands with us, but he could see his daddy on the pool deck, coaching, and just kept yelling dadadadadadadadada! You should have seen the people around us scatter! HA! My Beautiful bride has worked with Braden to get him walking, and he finally walks. She was watching him yesterday, and she sent me an email. “Why did I want him to walk?” HAHAHAHA! As always be careful what you wish for! And with that. here we go! I hope you have a Tom Terrific Tuesday!Chuck Butler President EverBank World Markets 1-800-926-4922 www.everbank.com
How to Create a Customer-Centric Strategy for Your Business Daniel BishopJune 11, 2019, 4:00 pmJune 12, 2019 According to research, 80 percent of global businesses recognize the importance of having a customer-first approach. However, many struggles to create a positive Customer Experience at every stage of the buying process. This is mostly due to inefficient communication between the product, IT and marketing departments, as well as their inability to process or make sense of their customers’ data. Moreover, most businesses lack a clear understanding of what it means to be customer-centric, so let us look into that first.Latest MarTech News: Logi Analytics Acquires Zoomdata, Extending Market Leadership in Embedded AnalyticsWhat Does it Mean to be Customer-Centric?Being customer-centric means putting the customer first at every stage of the buying process. Although this is not a new notion, emerging technologies are disrupting the ways in which businesses interact with customers. While AI, IoT, mobile devices, the cloud, and social media all influence Customer Behavior, businesses can use these technologies to personalize interactions with their customers.Organizations should create personal experiences at each moment of the customer journey, i.e. from the initial search to post-purchase. For example, you can send returning customers personalized recommendations based on their purchasing history, followed by a discount offer the next day. But to be able to truly provide a personal experience to each customer at every stage of the buying process, you need to get all departments on board. One of the strategies includes creating a customer-centric culture across the entire organization.Read More: How Can AI Boost Your Email Personalization Performance?Creating a Customer-Centric CulturePractice customer empathy. A report by PwC, states that only 38% of US consumers think employees they interact with understand their needs. To truly operationalize customer empathy, support teams should carefully read messages from customers and observe their behavior. For example, creating a mini persona for a customer helps better understand their problems. Support teams should also be able to effectively express empathy through the written word and avoid sending canned responses.Hire for customer orientation. When hiring, test each candidate for customer orientation regardless of their role. You want all employees to be on board with customer-centric thinking. This will send a clear message to hiring managers and applicants that your company puts the customer first.Open customer insights for all employees. Do not restrict customer insights into marketing and sales departments alone. You should open up a customer experience team to store up this information. Create listening rooms where employees can listen to customer calls and organize all-employee meetings in which leaders can give updates on how the company handles the delivery of CX.Enable direct customer interaction. Leaders can facilitate direct interaction with customers by giving employees access to sales and support calls. Employees should observe focus groups, customer visits, co-creation labs, and take part in customer events such as industry conferences or advisory board meetings.Connect company culture to customer outcomes. Tracking how company culture impacts customer experience enables managers to cultivate strong customer-centric cultures. It drives employee engagement as well. By offering your employees incentives based on customer retention, you can measure which employee interaction yielded the best results with a specific customer.Creating a customer-centric company culture is the most important part of the strategy. When you have all the departments on board, you will be able to use customer data much more effectively. Data plays a vital role in a customer-centric business strategy, so let us take a look at how businesses can leverage its full potential.Data-Enhanced Customer-Centric StrategyIT departments without proper CX insight struggle to make use of data-gathering technologies. According to research by Monetate, 23% of employees stated that their main barrier toward personalization is poor data quality. Other problems include sustainable data architecture (17%), third-party data (10%) and silos (3%). The majority of businesses claim they require better quality of information to achieve greater levels of personalization, but this is not entirely supported by evidence.Businesses need to employ data intelligence to the information they already have at their disposal. To organize and utilize customer data effectively, every department needs to work together. Executives can then leverage data lakes and streaming information sources from each and every department. This enables them to operationalize data-driven actions and better understand customers and their behavior. With better data analysis, businesses can extract the true value of customer information. Helping customers in an informed way is an integral part of a customer-centric strategy, as it helps businesses provide their clients with exquisite service and support.Read More: How to Analyze Your Lead Generation Form Using Google Tag ManagerOne Step at a TimeCreating a customer-centric business strategy starts with understanding that the customer comes first. And since technology is constantly changing, you will need to learn to utilize the new technology that continues to influence customer behavior. This will help you learn more about your clients. And every department can benefit from this information. This is why creating a customer-centric company culture should be an essential part of your strategy. You want to leverage the full potential your organization has to offer. Data plays a major role in this as well. However, you must learn how to interpret it properly. Such insights can perfect your customer support, increase retention, and ultimately create loyal brand ambassadors.Read More: GDPR Compliance: Decoding The Mood A Year Later customer experienceCustomer Supportcustomer-centricinfluence customer Previous ArticleTelaria Expands EMEA Leadership Team With Appointment of Industry VeteransNext ArticleCuracity Announces Dwell Partnership