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On this extraordinary post-election morning, spare a thought for those of us in a European time zone. While CNN commentators were lamenting that they were up well past their bedtimes, the clock in London was ticking past 3am, 4am, 5am and 6am. So the World Link office is understandably bleary eyed today.

The web should be a perfect medium for a constantly changing story like this US election. But on the morning after (and there may be several mornings after at this rate), the main political websites are, frankly, disappointing. As noted in yesterday’s weblog, The Washington Post gets a lot right with its OnPolitics section. The detailed breakdowns provide easy access to the latest Florida counts — which is all that matters at the moment. But shouldn’t it be a source of embarrassment that the Channel Surfer still declares a Bush victory, when the main site has — of course — updated to make clear that no verdict can yet be given?

What’s missing from everywhere is compelling analysis of what is going on and what happened. Perhaps this is understandable in the absence of a result, but it is also a reflection that all of the interesting pundits either missed their deadlines or were too tired to put fingers to keyboard last night. World Link may provide a later update, but we’ll probably plead the same exhaustion.

The longer view
There is, however, good analysis on the end of the Clinton era. The recently relaunched Foreign Policy has an excellent summing up of Clinton’s achievements in foreign policy. Its conclusion: “Bill Clinton might have helped usher in the age of global interdependence, but it will be incumbent upon his successors to make globalization sustainable.”

One factoid that is often repeated during coverage of the Sydney Olympics is that at least one of the colours of the five rings of the Olympic flag can be found in the flag of every nation (the colours are blue, yellow, black, green and red).

This is the sort of challenge that World Link can’t resist. It sounds plausible, but largely untested. A quick survey of the office this morning rapidly produced a refutation: take a look at the flag of Qatar. Unless the International Olympic Committee wants to stretch a point (something that is entirely possible), white and maroon are not in the Olympic rings. There may well be other flags that defy this common wisdom.

Qatari flag: Flag of Qatar

Coincidentally, Qatar is one of the nations that seems to be taking advantage of a very lax nationality requirement in Olympic weightlifting. According to the BBC, the four Qatari weightlifters were purchased from Bulgaria for a rumoured $1 million. Even host Australia is party to this nonsense: its squad includes a few stars lifted from a needy Armenia.

There is a great Olympic precedent for this bizarre migrant labour market. The greatest ever weightlifter, Naim Suleymanoglu, the “Pocket Hercules”, transferred from then-communist Bulgaria (his name was Sulmanov) to Turkey just in time to win gold in the 1988 Seoul Olympics.

Sadly, Suleymanoglu failed to win his fourth consecutive gold in this Olympics. But the precedent of his nationality shopping lives on.

Not to go on about it, but…
What is it about weightlifting? No sooner is the nationality game uncovered than perhaps the most sordid moment of the Olympics mars this odd sport. Romania’s weightlifters have been reinstated for the Games by paying a fine for their doping offenses. Some of us may recall that the athletes’ oath, recited at the opening ceremony, promised a drugs-free Games. It was also a Kazakh weightlifting official that Australians tried to prevent from entering the country because of an alleged criminal record.

For the ninth consecutive year, the World Economic Forum, in conjunction with World Link, has nominated 100 talented men and women as Global Leaders for Tomorrow (GLTs). Drawn from around the world, the class of 2001 brings together bright and talented individuals under the age of 40 working in a variety of fields, from the Internet sector to the media and arts. Several are doing sterling work in pioneering non-governmental organisations and non-profit groups, while others are showing promise as government ministers. The Global Leaders for Tomorrow initiative is made possible with the help of partners BP, Coca-Cola Company, Ernst & Young, and Volkswagen AG.

Omar Abdullah

Minister of State for Commerce and Industry, India

Born 1970. Although formally responsible for India’s trade relations with west Asia and Africa, Abdullah has taken it upon himself to promote trade in other regions as well. In the 15 months since his appointment as minister, Indian trade with Latin America has increased sharply. Latin America, he says, is “one of the regions that I have been aggressively promoting in the commerce ministry”. Abdullah, who has worked extensively for the uplifting of children, was first elected to the Lok Sabha, India’s lower house of parliament, in 1998. Representing the constituency of Srinagar in troubled state of Kashmir, he ran on a promise to address the problem of unemployment in the state. He was instrumental in developing a technology park for his constituency.

Victor Olusegun Adeniji

Managing director, Denham Management, Nigeria

Born 1964. Adeniji started his career in finance with First City Merchant Bank in Lagos. His career took on an international dimension when he joined the World Bank/IFC resident mission in Nigeria. From there he moved to Denham Management, a Nigerian firm specialising in portfolio management and financial advisory services. The firm recently launched a N2 billion ($17.4 million) unit trust scheme together with Crédit Lyonnais Asset Management. Adeniji serves as an honorary secretary of the US-Nigeria Economic Council.

Thomas Ades
Pianist and composer, UK

Born 1971. Adès’s rise to international prominence has been swift. He has produced a series of well-received works, including The Origin of the Harp and These Premises are Alarmed with the Halle Orchestra, and the much-acclaimed Living Toys for the London Sinfonietta. He won worldwide recognition for the chamber opera Powder Her Face and his first large-scale orchestral piece, Asyla, earned him the prestigious Grawemeyer Award for 2000. Having written America for the New York Philharmonic, he is working on a new opera for London’s Royal Opera House. Adès, who cites Chopin and techno music as key influences, has been compared to a number of composers, from Beethoven to Britten. His own place in musical history seems assured. The New Yorker magazine said in a profile of him that he has “become one of the most imposing figures in contemporary classical music.”

Mexico’s new president Vicente Fox talks to Kamalakshi Mehta about the challenges that lie ahead and his plans for changing the nature of the presidency

Mexico’s new president has already broken a few records. Vicente Fox’s victory ended seven decades of rule by the incumbent Institutional Revolutionary Party (PRI) without provoking violence. In addition, the change in leadership took place with no sign of the sexenio (six year term) effect – the dreaded financial turmoil that coincided with the last four presidential handovers.

On the economic front, Fox has his work cut out for him. While the Mexican economy hummed along at a growth rate of around 7% in 2000, a slowdown in the US and a fall in oil prices will take the sheen off the country’s indicators. Fox’s team presented a budget to Congress that showed cognisance of this – the conservative spending plan contained proposals to lower the fiscal deficit and boost tax collection.

When Fox spoke to World Link, the 2001 budget had received approval on the revenue side, prompting the president to term it a “great signal” for his reform agenda. The final piece of the budget was approved by the opposition-led Congress two days later, on December 29. While this was undoubtedly a victory for Fox, the budget didn’t go through exactly as planned – the deficit target of 0.50% of GDP sought by the president was raised to 0.65% of GDP and some of the proposed measures against tax evaders were rejected.

The protests are mounting as a16 (April 16) nears, the date on which NGO and trade union groupings are hoping to turn Washington in the latest post-Seattle demonstration.

The grouping calls itself a “Mobilization for Global Justice”, but as the Financial Times’ Martin Wolf eloquently argues, if the demonstrations succeed, they will harm the world’s poorest people more than any other group.

Wolf’s argument is along the lines of that given by Mexican president Ernesto Zedillo in Davos. What the poorest people need is economic growth, and growth is only going to happen with macroeconomic stability, the rule of law and openness. Other people, including the rich, may prosper as well, but the economic evidence is clear that a rising tide does lift all boats.

This does not diminish the protestors’ demands for debt relief, which is a necessary campaign. And whoever made the papier maché model of World Bank president James Wolfensohn used in one of yesterday’s marches deserves an art prize.

Every individual today can be an entrepreneur with the help of techonology and global networking. Startups require a good idea and a well executed management of the whole process to become successful. The innovations which can change the market as well as do not affect nature and resources can be the best way for a start up to gain pace and an upper hand on their competitors. Almost 95% of the start ups in 2018 has digital business plans for their start ups. However, there is still a huge amount of companies which are sticking to the traditional business roots. Here are the new start up trends that you can witness through your own eyes in 2019.

Artificial Intelligence

AI is one of the most trending technologies that is being used in most of the already and newly established businesses. AI can be found in digital marketing, customer support, smartphones, and analytics. AI is implemented in businesses more than just trying to behave like humans. It is commonly used for the back end processing of the system to make the processes faster, more efficient, and more accurate. Some of the taskes which an AI can do on its own are writing advertising and news content, identify objects in the images, chat with customers, and recommend items according to your search history.

Remote Work

Remote Work

Since the internet has created, a worldwide network people have found new opportunities to work from anywhere they like and provide service to and from the remotest regions around the world. Internet is being used in urban and rural areas to provide the service of communication, which pushed out other services and facilities as well. Although many companies still work in traditional office spaces, the new startups are opting for remote work to get the right work force and get the work done much efficiently.

Voice Recongnition

Apple’s Siri, Google Assitant, or Alexa, voice recognition is one of the most interesting features you can find in a computer device. This technology works hand in hand with AI to perform tasked as commanded by the speaker. The technology is now growing and expanding into our lives by entering our homes and work. Today the technology provides the service of operating almost all the functions of the home with voice commands. Voice recognition is also being implemented in manufacturing industries, agriculture, field services, healthcare, and more.

Hyper Personalization

 
This technology has been introduced in the late 2010s, which is benefitting the consumers to fulfil their expectations from brands. Hyper personalization records the preferences and demands of the users and redirects them to the products or services which suit them the most. The companies which offer the service of providing the right information at the right time are benefitting from this technology. It can be done either by keeping track of the services the users are signing up for or by sending the users emails and messages to know their interests better.

 

 

Investing in the stock market can be really easy and fun if you know the right way to search the market and invest your money. It can be a quick and easy medium of making profits but can immediately backfire if you do not know to read the market. Getting lucky is not an every time thing, and you will find yourself in the loss-train if you continue to invest blindly in the stock market. It requires time and regular investments while avoiding unnecessary financial risks to have compounding growth in the future. These tips will help beginners to use the necessary tools for setting a good start in the stock market.

Set Long-Term Goals

 
Investing in the stock market is not like picking a lottery. It requires long term planning to earn significant profits and avoiding risks. It also depends on how soon you are expecting to get returns on your investment. It can be in the next six months, after five years, or for when you get retirement. It is important to understand the purpose and need of the funds. The stock market is volatile and does not always promise the money back when you need it. But considering how much you need, you can calculate how much you are ready to invest and what kind of return is needed to have fulfilled your needs.

Understand Your Risk Tolerance

Knowing the risk involved in the stakes is a very crucial step of stock market investment that one cannot skip. Risk tolerance can benefit or harm the investments. The risk depends on the assets that you posses and also the knowledge that you have about the market. If you understand how the stocks are purchased and sold, and how the efforts required to liquidate the investments. You can find the stocks which involves less risk and avoid those which make you anxious while making an investment. Only those who are able to maintain the calm during the highly volatile times and high risks make the best profits in the stock market.

Control the Emotions

One of the greatest weaknesses of a stock market investor is making decisions based on emotions. This cuts off their rational thiking and the ability to make logical decisions. In the stock market, the emotions of the people also result in tremendous differences in investments. One needs to understand that while investing in a market, they should have a good reason to do so and an expectation on the returns. Before you purchase any stocks, know when you need to pull them out for your own needs, rather going with the emotions for the company. It is the right way to invest in stocks.

Diversify Your Investments

One of the popular ways of managing risks in stocks is to diversify your investments. The smart investors put their money in several industries and countries so that even if they face losses in one of their investments, they are still making profits in the other investments. Diversification allows the investors to recover from the loss of your investments and still being able to earn a good amount of interest in other markets.