Monday, May 14, 2007

For those who prefer delusion over confusion!

US economy is already in recession and hidden in inflation, which is understated
Consider the US housing industry. Home building stocks peaked out between the summer of 2005 and early 2006. Since then, housing stocks have declined by more than 50%. But all I have heard over the last 18 months (with the exception from one analyst at Credit Suisse) is that the housing market had bottomed out and was about to recover, and that the US consumer was in rock solid financial condition. However, I do agree with the Goldilocks crowd that the Fed will again cut interest rates. This, certainly, if Dow and brokerage stocks declined by 10% and 20%, respectively.

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IIPM Article, Click on IIPM Article


Source : IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Friday, May 11, 2007

Unemployment


As per the figures of the World Economic Outlook, unemployment was the highest in France at 9% in 2006. Followed by Germany and UK at 8.1% and 5.4%, respectively. As per the projections, unemployment in France would continue to be at 8.3% in 2007, closely followed by Germany at 7.8%. While Korea would have the lowest figure at 4% for 2007.

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IIPM Article, Click on IIPM Article


Source : IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative


Thursday, May 10, 2007

HR & Administration

According to Vikas Shirodkar, VP, HR & Administration, Johnson & Johnson, the issue of talent management has never been a problem for him or his team, or to take care of an employee base of 1,26,000 employees across the globe. It perhaps becomes a problem for those who tend to look at ‘talent management’ more as a method of retaining employees while the concept mainly implies effective measures for people management. It is not as if they do not lose people who leave them for greener pastures, but the debate here is quite different. Most oft en than not, people tend to leave because of money which, according to Shirodkar, is the crux of the whole issue of Talent Retention. ‘Johnson & Johnson does not want to be the biggest pay master’ because they believe that money is only a short-term motivator and would cease to affect beyond a point.

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Source : IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Monday, May 07, 2007

NASDAQ to India: It’s all in the numbers

One of the world’s most respected stock exchange, NASDAQ is the new turf for ‘Chindia’. NASDAQ has decided to roll out a dedicated index of Chinese companies listed in the US, in the current quarter while India awaits its turn. For a dedicated index, a minimum of 30 companies have to be listed in the US – and that’s precisely the reason why India has missed this bus. Consider the number equation – 38 Chinese companies are listed on NASDAQ as against India’s 7; 31 Chinese companies are on the NYSE compared to 10 Indian companies. As it eyes a global niche, maybe India Inc. should start being where it matters the most.

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Thursday, May 03, 2007

Gas cartel still remains a tale

The much puffed up gas price- fixing cartel, on the lines of OPEC, continues to remain a tale as the Russian energy minister Viktor Khristenko said “niet” or no to it at a recently concluded meeting of the Gas Exporting Countries Forum in Qatar. The Forum, which groups 15 of the world’s gas-rich nations, together holding more than 70% of reserves and around 40% of production, dismissed the idea saying that it has no intention to set up a cartel – at least for now (if believed). Instead, it plans to form a high-level committee to discuss pricing, infrastructure and consumer issues.

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