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January 27, 2010

iPad: Apple's New Revolutionary Device

Apple iPad

Apple today introduced iPad, a device for browsing the web, reading and sending email, viewing photos, watching videos, listening to music, and playing games.

iPad's responsive high-resolution Multi-Touch(TM) display lets users physically interact with applications and content. iPad is just 0.5 inches thick and weighs just 1.5 pounds-- thinner and lighter than any laptop or netbook. "iPad includes 12 new innovative applications designed especially for the iPad, and will run almost all of the over 140,000 applications in the Apple Store," says Apple.


Apple iPad

iPad will be available in late March worldwide.


Apple iPad

"iPad is our most advanced technology in a magical and revolutionary device at an unbelievable price," said Steve Jobs, Apple's CEO. "iPad creates and defines an entirely new category of devices that will connect users with their apps and content in a much more intimate, intuitive and fun way than ever before."

Source: Apple

|GlobalGiants.Com|


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Edited & Posted by Editor | 6:33 PM | Link to this Post

December 27, 2009

Longines PrimaLuna: a New Star in the Longines Galaxy

Longines

Longines PrimaLuna

ENLARGE

Photo: The Refined New Longines PrimaLuna. The circular rose gold case, set with 48 Top Wesselton VVS diamonds (total weight 0.403 carats), surrounds a white mother-of-pearl dial decorated with 11 arabesque Arabic numerals. The case houses an automatic self-winding mechanical movement L595 that shows the hours, minutes, seconds and date. This model is fitted on a rose gold bracelet with a folding safety clasp. Water-resistant to 30 meters.


Longines PrimaLuna

ENLARGE

Photo: A symbol of passing time, living time, the moon that enchants us. The New Longines PrimaLuna. The circular stainless steel and rose gold case, set with 48 Top Wesselton VVS diamonds (total weight 0.403 carats), surrounds a silvered dial with a flinqué decoration featuring 11 blue Roman numerals. The watch houses an automatic self-winding mechanical movement L595 that shows the hours, minutes, seconds and date. This model is fitted on a stainless steel and rose gold bracelet with a folding safety clasp. Water-resistant to 30 meters.


Elegant, contemporary, subtle and carefree, the new Longines PrimaLuna offers a new collection of exquisite models.

This ladies' watch is also a piece of jewelry. The pleasing curves of the case are enhanced by a play of diamonds.


Longines PrimaLuna

ENLARGE

Photo: Aishwarya Rai Bachchan, Longines Ambassador of Elegance, wearing the Longines PrimaLuna. (Photo © Longines.)


Longines PrimaLuna

ENLARGE

Photo: The New Longines PrimaLuna. The circular stainless steel case, set with 48 Top Wesselton VVS diamonds (total weight 0.403 carats), surrounds a white mother-of-pearl dial set with 11 diamonds and houses a quartz movement L129 that shows the hours, minutes, seconds and date. This model is fitted on a stainless steel bracelet with a folding safety clasp. Water-resistant to 30 meters.


Longines PrimaLuna


This is how Longines describes PrimaLuna: "A silvery moon on a spring night; a star that glistens reaches its peak and then disappears. A symbol of passing time, living time, the new Longines PrimaLuna is a tribute to the silvery star the moon that entrances us with its rounded, delicate lines. Its soft silhouette is enhanced by the exquisite purity of the dial and the whole is illuminated by a play of sparkling diamonds. Graceful, magical, this is a model that will seduce women who appreciate contemporary, sophisticated elegance."

Known for the elegance of its timepieces, Longines is a member of the Swatch Group Ltd, the World's leading manufacturer of horological products. With the winged hourglass as its emblem, the brand has outlets in over 130 countries. Based in St. Imier in Switzerland since 1832, Longines has been timekeeper for world championships in various sports.

|GlobalGiants.Com|


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Edited & Posted by Editor | 10:59 PM | Link to this Post

December 23, 2009

Volvo XC90 Makes its First Appearance in Bollywood


Volvo Cars


Volvo Cars

ENLARGE


Volvo XC90 R-Design makes its first appearance in Bollywood with "3 Idiots" starring Aamir Khan and Kareena Kapoor. The film will be released on December 25.

"We are delighted to be a part of a big banner Bollywood movie. Bollywood is a cult in India," says Paul De Voijs, Managing Director, Volvo Auto India.


Volvo Cars

ENLARGE


For the first time in India, Volvo Cars gets associated with Bollywood with the debut of its red XC90 R-Design in the much awaited releases of 2009 - 3 Idiots. Produced by Vinod Chopra Films and directed by Raj Kumar Hirani, the film's cast includes Aamir Khan, Kareena Kapoor, R. Madhavan and Sharman Joshi.

Aamir Khan has scored successes in all the movies in which he has been involved since the start of the 2000s. Today he is somewhat more restrained in his on-screen output and performs in no more than two movies a year. The female co-star Kareena Kapoor is also immensely popular. The other two stars R. Madhavan and Sharman Joshi, are also among Bollywood's acting elite.


Volvo Cars

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"The movie and its lead characters emanate vibrancy, energy and sportiness; exactly the qualities represented by our XC90 R-Design. Hence the ideal integration of our brand and the movie," says Paul De Voijs.

"Artistic integrity is crucial for successful brand placements and the utility of the product has to be woven properly into the script. The placement should be a natural fit," Paul de Voijs further adds.


Volvo Cars

ENLARGE


The film is about the journey two friends undertake in their search for a third compatriot, played by Aamir Khan. The backdrop of the movie is along the length and breadth of India, covering the scenic beauty of the mountainous region of Ladakh. The film has been shot along the world's highest-altitude road, at 5,590 metres or 18,340 feet above sea level. The landscape is dramatic and breathtaking.


View Trailer on YouTube


Volvo Cars


Volvo Auto India is a new operator in India, a gigantic, fast-growing market and one of the most competitive in the world. Volvo established a presence in India just over two years ago and has since then worked intensively to market the Swedish brand.

With a corporate office in Gurgaon, Volvo Cars opened its first dealership in Chandigarh in March 2008 and currently market's its products through its dealerships in New Delhi, Mumbai, Chandigarh, Hyderabad, Kochi, and Pune.

So far Volvo Auto India has chosen to launch two models, the Volvo XC90 and Volvo S80 but the coming years they are lining up more new models. The first one to be launched during 2010 is the Volvo XC60. The focus is on positioning the brand in the luxury car segment.

In 2012, India is expected to be the world's fifth or sixth largest car market.

|GlobalGiants.Com|


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Edited & Posted by Editor | 12:43 AM | Link to this Post

December 16, 2009

TIME Names United States Federal Reserve Chairman Ben Bernanke 2009 Person of the Year


TIME

ENLARGE


TIME has named United States Federal Reserve Chairman Ben Bernanke the 2009 Person of the Year.

TIME's Person of the Year issue has the first full, on-the-record print interview with Bernanke since he became Chairman of the Federal Reserve.

IN A SERIES OF THREE INTERVIEWS, BERNANKE TELLS TIME:

On the financial crisis:
"We came very, very close to a depression...The markets were in anaphylactic shock. I'm not happy with where we are, but it's a lot better than where we could be...Of course there were things we could have done better, but this was a perfect storm."

On unemployment:
"The additional steps aren't as obvious or clear as the ones we've already taken. It's an enormous problem. There aren't easy solutions."

On questions about his handling of Lehman, AIG and Bear Stearns:
"It's the price of success: people start to think you're omnipotent. We say we didn't have the authority, and it's 'Oh, you're the Fed. You could've come up with something.'"

Bernanke tells TIME that major financial crises generally cost nations 5% to 20% of their national output. This panic seems likely to cost the U.S. a fraction of 1%. "How much would you pay to avoid a second Depression?" Bernanke asks. "I mean, this is a pretty good return on investment."

On his background:
"I'm not one of those people who look at this as some kind of video game. I come from Main Street, from a small town that's really depressed. This is all very real to me."

On banker pay:
"I think that bankers ought to recognize that the government and the taxpayer saved the financial system from utter collapse last year. And in recognizing that, I would think that bankers ought to look in the mirror and decide that perhaps there should be some more restraint in how much they pay themselves, given what the government and the taxpayer did to protect the system."

Source: TIME

|GlobalGiants.Com|


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Edited & Posted by Editor | 10:24 AM | Link to this Post

December 10, 2009

Many Automotive Brands are Losing Buyers to Competitors Due to Poor Customer Treatment though they have High Customer Satisfaction with the New-Vehicle Sales Process: J.D. Power


JD POWER


Car Brands


Car Makers


Overall satisfaction with the new-vehicle purchase experience has improved from 2008, but automakers are losing 12 percent of new-vehicle sales to other brands, on average, as a result of poor customer treatment at dealerships, according to the J.D. Power and Associates 2009 Sales Satisfaction Index (SSI) Study.

The study is a comprehensive analysis of the new-vehicle purchase experience. Overall customer satisfaction is measured for five factors:

Dealership Facility;
Salesperson;
Paperwork, Finance Process;
Delivery process; and
Vehicle Price.

Overall satisfaction averages 836 points on a 1,000-point scale in 2009, up by 11 points from 2008. Satisfaction with each of the five factors improves from 2008, with the greatest improvements in the two areas that are most within the dealer's control -- the salesperson and delivery process factors.


Auto Showroom


Car Showroom


According to J.D. Power, salespeople have improved most notably from 2008 in helping buyers stay within their budgets and in negotiating prices quickly. Within the delivery process, dealerships have improved considerably in providing complete explanations of the owner's manual and explaining vehicle features.

"In this difficult economy, dealerships are working particularly hard to close sales, but need to be attentive to customers without exerting unwanted sales pressure," said Jon Osborn, director of automotive research at J.D. Power and Associates. "Nearly one in four buyers in 2009 reports experiencing sales pressure from their selling dealer."


Auto Brands


Automakers


The study finds that more than one in five shoppers who leave a dealership without purchasing a vehicle do so because they experienced poor treatment or dealer performance issues such as pricing games, sales pressure tactics or discourteous treatment. While 43 percent of these buyers ultimately purchased from a different dealer of the same brand, 57 percent decided to purchase from a different brand altogether. For the industry as a whole, this equals a 12 percent loss of retail sales to other brands.

"With the billions of dollars that automakers spend designing, producing and marketing new vehicles, as well as in driving customers to showrooms, it is critical that potential buyers are not pushed out the dealer's door because of a poor customer experience," said Osborn. "Manufacturers and dealers should be concerned with the experiences of all shoppers, whether they purchase or not. From a buyer's perspective, recollections of their shopping experience include not only the selling dealer, but also all of the other dealers they visited."


Automobile Manufacturers


Car Dealer


The 2009 Sales Satisfaction Index (SSI) Study is based on responses from approximately 48,000 new-vehicle buyers who purchased or leased their new vehicles in May or June 2009. The study was fielded between August and October 2009.

Sales Satisfaction Index Ranking --------- J.D. Power Circle Rating
(Based on a 1,000-point scale)

Luxury Brands
Jaguar ---------------------- 898 ---------------- 5
Cadillac ---------------------- 893 --------------- 5
Lexus ----------------------- 877 ---------------- 4
Mercedes-Benz ------------ 877 ---------------- 4
Land Rover ------------------ 872 --------------- 4
(Average) ------------------- 864 ---------------- 3
Lincoln ----------------------- 863 --------------- 3
BMW ------------------------ 861 ---------------- 3
Porsche ---------------------- 861 --------------- 3
SAAB ------------------------- 857 --------------- 3
Acura ------------------------ 856 ---------------- 3
Infiniti ------------------------ 845 --------------- 2
Volvo ------------------------- 842 --------------- 2
Audi -------------------------- 828 --------------- 2


Mass Market Brands
Mercury ---------------------- 867 --------------- 5
smart ------------------------- 865 --------------- 5
Buick ------------------------- 864 --------------- 5
Pontiac ----------------------- 864 --------------- 5
Chevrolet -------------------- 863 --------------- 5
MINI -------------------------- 862 --------------- 5
Saturn ------------------------ 858 --------------- 4
HUMMER --------------------- 856 --------------- 4
GMC -------------------------- 853 ---------------- 4
Ford --------------------------- 847 --------------- 4
Subaru ------------------------ 834 -------------- 3
Suzuki ------------------------ 832 --------------- 3
(Average) -------------------- 832 --------------- 3
Honda ------------------------ 830 --------------- 3
Volkswagen ------------------ 828 --------------- 3
Scion -------------------------- 826 --------------- 3
Kia ----------------------------- 823 -------------- 3
Toyota ------------------------ 823 --------------- 3
Chrysler ---------------------- 822 --------------- 3
Hyundai ---------------------- 819 --------------- 3
Nissan ------------------------ 815 --------------- 3
Mazda ------------------------- 809 --------------- 2
Dodge ------------------------ 805 ---------------- 2
Jeep -------------------------- 805 ---------------- 2
Mitsubishi ------------------- 778 ---------------- 2

Source: J.D. Power and Associates

|GlobalGiants.Com|


Our Opinion

"A typical car buyer trusts others' advice rather than any traditional advertising.

Hence, the Word of Mouth is the forgotten most powerful publicity tool that an automobile manufacturer may explore and employ to advertise its products as well as to promote its dealer showrooms."

© GlobalGiants.Com. All Rights Reserved.



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Edited & Posted by Editor | 11:58 AM | Link to this Post

December 6, 2009

Volvo Ocean Race: Legs 9 & 10: From Marstrand to Stockholm, From Stockholm to St Petersburg


The Volvo Ocean Race 2008-09 was the 10th running of this ocean marathon. Starting from Alicante in Spain, on 4 October 2008, it took in Cochin, India, Singapore and Qingdao, China before finishing in St Petersburg, Russia for the first time in the history of the race. Spanning some 37,000 nautical miles, visiting 11 ports over nine months, the Volvo Ocean Race is the world's premier ocean yacht race for professional racing crews.


Volvo Ocean Race

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Photo: Telefonica Black, skippered by Fernando Echavarri (ESP) finish first on leg 10 in St Petersburg. © Dave Kneale/Volvo Ocean Race.


Volvo Ocean Race

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Photo: Telefonica Black, skippered by Fernando Echavarri (ESP) finish first on leg 10 in St Petersburg. © jiang yongtao / Volvo Ocean Race.


Volvo Ocean Race

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Photo: A Swedish Navy ship accelerates on front of Green Dragon at the start of leg 10 from Stockholm to St Petersburg. © Sander Pluijm/Team Delta Lloyd/Volvo Ocean Race.


Volvo Ocean Race

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Photo: Spinnakers up for the downwind leg of the in-port race in Stockholm. © Dave Kneale/Volvo Ocean Race.


Volvo Ocean Race

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Photo: PUMA Ocean Racing at dawn on leg 9 from Marstrand to Stockholm. © Rick Tomlinson/Volvo Ocean Race.


Volvo Ocean Race

ENLARGE

Photo: Delta lloyd passes the finish in IJmuiden --- It took skipper Bouwe Bekking just 5 hours 23 minutes and 18 seconds to sail the Delya Lloyd 105 miles from Lowestoft to IJmuiden. © Volvo Ocean Race.


Volvo Ocean Race

ENLARGE

Photo: The fleet get under way at the start of leg 10 from Stockholm to St Petersburg. © Dave Kneale/Volvo Ocean Race.


Volvo Ocean Race

ENLARGE

Photo: PUMA Ocean Racing, skippered by Ken Read (USA) at the start of leg 9 from Marstrand to Stockholm. © Sally Collison/PUMA Ocean Racing.


Volvo Ocean Race

ENLARGE

Photo: Ericsson 3 chasing Telefonica Black at dawn, as the fleet pass the Orsund Bridge on the way to Stockholm. © Rick Tomlinson/Volvo Ocean Race.


Volvo Ocean Race was run for the first time in 2001-02.

During the nine months of the 2008-09 Volvo, which started in Alicante, Spain and concluded in St. Petersburg, Russia, the teams sailed over 37,000 nautical miles of the world's most treacherous seas via Cape Town, Kochi, Singapore, Qingdao, around Cape Horn to Rio de Janeiro, Boston, Galway, Goteborg and Stockholm.

Each of the seven entries had a sailing team of 11 professional crew, and the race required their utmost skills, physical endurance and competitive spirit as they raced day and night for more than 30 days at a time on some of the legs. They each took on different jobs onboard the boat. About two sailors in each team had medical training. Also, each team consisted of a sailor trained as a sailmaker, a sailor trained as an engineer, and a sailor trained as a media specialist.

During the race the crews experience life at the extreme: no fresh food is taken onboard and they go through temperature variations from -5 to +40 degrees Celsius.

|GlobalGiants.Com|


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Edited & Posted by Editor | 9:35 AM | Link to this Post

December 2, 2009

Los Angeles International Auto Show: Porsche Boxster Spyder Makes World Debut


Porsche


PORSCHE

ENLARGE

Photo: Porsche Launched the New Boxster Spyder to World Media in Los Angeles.


Today, at a press conference at the Los Angeles Auto Show, Porsche took the wraps off one of its most nimble and sportiest mid-engine cars: the 2011 Boxster Spyder.

Porsche Cars North America, Inc. (PCNA), based in Atlanta, Ga., is the exclusive importer of Porsche vehicles for the United States. It is a wholly owned, indirect subsidiary of Dr. Ing.h.c. F. Porsche AG.


PORSCHE

ENLARGE


PORSCHE CARS

ENLARGE

Photos: Porsche rolled out its new Boxster Spyder for the first time at a press conference at the Greater Los Angeles Auto Show. Helping usher in the sports car for this world debut was Austria's freestyle rock drummer Alfred Vogel. (Porsche Cars North America, Inc., Axel Koester)


"The new Boxster Spyder looks distinctly different from its Boxster siblings," said Klaus Berning, Porsche's executive board member responsible for worldwide sales and marketing, speaking at the Los Angeles Auto Show press conference today. "Our designers borrowed from the rich history of our mid-engine sports and race cars of the '50s, but under the skin it has our most advanced technology so that its performance matches the Spyder's looks, making it the quintessential purist Porsche."

"When equipped with Porsche-Doppelkupplung (PDK) transmission and the Sports Chrono Package, the new Spyder, using Launch Control, accelerates from a standstill to 60 mph in 4.6 seconds. Top track speed is 166 mph -- with the roof open."

Weighing only 2,811 lbs. and delivering 320 horsepower, it goes on sale in February 2010 and will join the Boxster and Boxster S that made their world debut here last year.

Source: Porsche

|GlobalGiants.Com|


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Edited & Posted by Editor | 11:20 PM | Link to this Post

November 26, 2009

Vancouver 2010 Olympic Winter Games: Panasonic to Deliver Full Lineup of HD Equipment


Vancouver 2010

ENLARGE

Photo: Vancouver 2010 Olympic Winter Games Mascots Quatchi, Sumi and Miga (© VANOC/COVAN).


Vancouver 2010

ENLARGE

Photo: Vancouver 2010 Olympic Winter Games Whistler Olympic Park (© VANOC/COVAN).


PANASONIC Olympic Winter Games

ENLARGE

Photo: Panasonic to Deliver Full Lineup of HD Equipment to Vancouver 2010 Olympic Winter Games.


Panasonic Corporation, the Official Worldwide Olympic Partner in the Audio and Visual Equipment category for the Vancouver 2010 Olympic Winter Games, announced it is providing a full lineup of High-Definition (HD) equipment to support the broadcast of the Olympic Games; delivering the largest supply of AV equipment for any Winter Games in the company's history.

Through cooperation with the International Olympic Committee (IOC), the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) and Olympic Broadcasting Services Vancouver (OBSV), Panasonic will supply its HD video equipment to the competition venues and broadcasting locations, making the Vancouver Games the first Olympic Winter Games to be broadcast completely in HD format.


Panasonic Olympic Winter Games

ENLARGE


Following Beijing 2008, all international video signals for the 2010 Winter Games will be produced and distributed in HD format from the International Broadcasting Center (IBC) to rights-holding broadcasters around the world. In addition, the HD video signals will also be used for the first time for display on the LED Large Screen Display Systems in the competition venues and BC Place Stadium where the Opening and Closing Ceremonies will take place; making the 2010 Winter Games the first "HD Olympic Winter Games" with all the Olympic videos to be delivered completely in HD.

In addition, Panasonic will support a safe and secure Olympic operation by providing high-quality picture and high-sensitivity surveillance camera systems for the indoor and outdoor Olympic facilities, the surrounding areas and highways.

Sources: Panasonic Corporation; Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC).

|GlobalGiants.com|


Our Opinion

"Vancouver 2010 Olympic Winter Games will take place in February 2010. Relevant consumer-oriented businesses targeting audiences in participating countries (especially those in North America) may timely explore this advertising opportunity."

© GlobalGiants.Com. All Rights Reserved.



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Edited & Posted by Editor | 8:02 AM | Link to this Post

November 25, 2009

Lands' End Offers FeelGood Sweaters


Lands End


LANDS END


Photo: Lands' End FeelGood Cardigan. The FeelGood collection includes a variety of sweater styles, such as the cabled sweater vest, striped turtleneck or cabled cardigan, all in rich seasonal colors like Winter Violet, Rich Red and Iris. Lands' End is one of the world's largest retailers of casual and tailored clothing for women, men, children.

|GlobalGiants.Com|


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Edited & Posted by Editor | 11:31 AM | Link to this Post

November 19, 2009

Bridget Moynahan is the Newest Spokesmodel for Garnier Nutritioniste


Moynahan will be the face of the Garnier Nutritioniste Ultra-Lift product collection.


Garnier


Garnier Nutritioniste

ENLARGE


Global skincare company Garnier Nutritioniste is introducing actress Bridget Moynahan as the latest spokesmodel for the brand. Moynahan will appear in print and TV campaigns for the brand's top-selling Ultra-Lift skincare collection, set to debut July 2010.

Moynahan joins an impressive roster of Garnier spokesmodels, including Sarah Jessica Parker, Bar Rafaeli and Alana de la Garza.

"We are thrilled to partner with the beautiful Bridget Moynahan," says Maybelline New York-Garnier President David Greenberg. "Her class, grace and accessibility make her a model representative of the Garnier brand. Most importantly, she exhibits a likeable, healthy beauty that speaks to our consumer in such a positive way."

Moynahan is an all-American girl raised in the East Coast town of Longmeadow, Massachusetts. Before earning international recognition in films and TV, she had a successful modeling career, appearing on the covers of numerous magazines including Glamour, Vogue, Elle and Self. Moynahan has since appeared in a number of major films, such as Serendipity, The Sum of All Fears, The Recruit, I, Robot, and Lord of War. She is the star of the upcoming 2010 film Ramona and Beezus and is currently shooting the film Battle: Los Angeles.

Source: Garnier

|GlobalGiants.Com|


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Edited & Posted by Editor | 6:11 AM | Link to this Post

October 28, 2009

Students from Top Academic Institutions Choose The World's Top 50 Most Attractive Employers

Universities


Universities


Compiled from 11 out of the 12 leading economies, nearly 120,000 students from top academic institutions chose their ideal companies to work for.

Google

MICROSOFT


Google is the world's most attractive employer, followed closely by its rival, Microsoft. This is the only global index of employer attractiveness and highlights the world's most powerful employer brands, i.e., those companies that are the most successful in talent attraction and retention.

The study has been conducted by Universum. Universum is a global Employer Branding company. It is headquartered in Sweden and has presence in more than 28 countries.

Employers today are faced with a shrinking global workforce, a lack of skilled workers and an increasingly demanding generation of new talent. To secure talent under these conditions, employers must develop true and differentiating employer brands. The employers that feature in this Top 50 all have one thing in common: they successfully appeal to current and future talent, and they are aware of how scarce talent is.


Colleges


The global ranking is based on the national rankings that Universum conducts annually all over the world. The companies that are featured in at least eight out of the twelve leading economies were included in the global ranking, and the 50 most attractive employers were identified. The countries represented in the Global Top 50 rankings are the US, Japan, China, Germany, France, UK, Italy, Russia, Spain, Canada and India.


BMW


DAIMLER


Despite it being one of the toughest years for car manufactures, BMW and Daimler appear in the Global Top 50 rankings.

Finance

Banking Management

Finance Administration


The Big Four accountancy and professionals service firms; financial services companies and management consultancies, still remain strong. In spite of this year being one of worst recessions since the Second World War, they remain globally attractive employers and are especially popular with business students. IT employers are highly placed in the engineering ranking, which can be expected, with Google, Microsoft and IBM in the top three.


Proctor & Gamble


Corporations


The fast moving consumer goods companies and employers in the retail sector are also attractive employers, recognised for their universal appeal as employers in the graduate recruitment market, attracting students from both a business and engineering background.


Corporations


Universities


"These companies in the Top 50 really work with employer branding strategically. The Big Four, for example, are all in the top 10 business ranking, as they have employer branding as part of their business strategy. Many associate their corporate brands to people. This is normal for the service industry, but it is a new approach for other companies" says Michal Kalinowski, Universum CEO. "These companies are in the Top 50 because they are focused, consistent and differentiate themselves in their communication."

Irrespective of rank, the Top 50 Global Employers for business and engineering students are very similar, showing strong employer brands transcend many skill and industry groups. Conversely, Oracle and Philip Morris make it to the Top 50 for business students, but not for engineering students. GlaxoSmithKline and Alcatel-Lucent appear in the engineering ranking, yet not in the business ranking.

What the rankings most certainly reveal is that the big multinational brands are favored. Due to the globalization of the talent market, multinational companies are generally recognized as being attractive employers. Findings from Universum's various student surveys show that students would like a good career reference, an international career and an employer that can offer secure employment. Lovisa Öhnell, head of research and consulting at Universum, comments, "These multinational brands are globally well-known, they offer relocation opportunities and business travel, interaction with clients and colleagues in various countries, and due to their size and economic strength, they are also seen as being the safest choice."


University


• GLOBAL TOP 50 - ACCORDING TO BUSINESS STUDENTS

Company - Ranking 2009

Google - 1
PricewaterhouseCoopers - 2
Microsoft - 3
Goldman Sachs - 4
Ernst & Young - 5
Procter & Gamble - 6
J.P. Morgan - 7
KPMG - 8
McKinsey & Company - 9
Deloitte - 10
The Boston Consulting Group - 11
BMW - 12
Coca-Cola - 13
L'Oréal - 14
Morgan Stanley - 15
Sony - 16
IBM - 17
Johnson & Johnson - 18
Deutsche Bank - 19
General Electric - 20
Citigroup - 21
HSBC - 22
Accenture - 23
Nestlé - 24
Credit Suisse - 25
Bain & Company - 26
Unilever - 27
UBS - 28
Nokia - 29
Intel - 30
Esso/ExxonMobil - 31
Kraft Foods - 32
Shell - 33
Hewlett-Packard - 34
Mars (Masterfoods) - 35
Pfizer - 36
Siemens - 37
Philips - 38
Oracle - 39
Bayer - 40
Philip Morris - 41
DHL - 42
BP - 43
Bosch - 44
Cisco - 45
Daimler - 46
Ericsson - 47
ABB - 48
Novartis - 49
Schlumberger - 50


Universities

Universities

Universities


• GLOBAL TOP 50 - ACCORDING TO ENGINEERING STUDENTS

Company Ranking 2009

Google - 1
Microsoft - 2
IBM - 3
BMW - 4
Intel - 5
General Electric - 6
Sony - 7
Siemens - 8
Shell - 9
Procter & Gamble - 10
Johnson & Johnson - 11
Hewlett-Packard - 12
Cisco - 13
Esso/ExxonMobil - 14
McKinsey & Company - 15
Schlumberger - 16
BP - 17
L'Oréal - 18
Nokia - 19
Accenture - 20
Coca-Cola - 21
Philips - 22
Goldman Sachs - 23
Nestlé - 24
Pfizer - 25
Bosch - 26
The Boston Consulting Group - 27
J.P. Morgan - 28
Deloitte - 29
Morgan Stanley - 30
GlaxoSmithKline - 31
Ericsson - 32
Ernst & Young - 33
ABB - 34
Bayer - 35
Unilever - 36
PricewaterhouseCoopers - 37
Deutsche Bank - 38
HSBC - 39
Kraft Foods - 40
Bain & Company - 41
Citigroup - 42
Alcatel-Lucent - 43
Daimler - 44
Novartis - 45
Mars (Masterfoods) - 46
KPMG - 47
Credit Suisse - 48
DHL - 49
UBS - 50


The Global Top 50 rankings are based on the employer preferences of nearly 120,000 final year students, who were surveyed at the top academic institutions in the world's 11 largest economies. The global rankings are based on the annual surveys conducted on a global level in 2009. Each student is presented with a list of 130 to 150 national and international employers, chosen by university students through an independent and structured nomination and assessment process. On a global level, this represents 800 considered employers. Students acknowledge those companies they would consider working for. Out of the companies selected as 'considered employers', each student then selects his or her five Ideal Employers. The Global Top 50 is based on the frequency of being selected as an Ideal Employer overall within 11 markets: US, Japan, China, Germany, France, UK, Italy, Russia, Spain, Canada and India.

The Global Top 50 is the most comprehensive study ever conducted on employer attractiveness.

This Practical Global Business Study is being presented for the First Time.

|GlobalGiants.com|

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Edited & Posted by Editor | 6:34 AM | Link to this Post

October 10, 2009

The Nobel Peace Prize for 2009 Awarded to President Barack Obama for Diplomacy


NEWSWEEK OBAMA

Photo: Newsweek Magazine January 26, 2009 Special Inauguration Issue with President Barack Obama on the cover.

OBAMA

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Photo: Visitors crowd outside the Newseum on Pennsylvania Avenue to read a display of newspaper front pages announcing Sen. Barack Obama's election as the 44th U.S. president, November 5, 2008. (Credit: Maria Bryk/Newseum).

ANNOUNCEMENT FROM THE NORWEGIAN NOBEL COMMITTEE

Oslo, October 9, 2009

The Norwegian Nobel Committee has decided that the Nobel Peace Prize for 2009 is to be awarded to President Barack Obama for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples. The Committee has attached special importance to Obama's vision of and work for a world without nuclear weapons.

Obama has as President created a new climate in international politics. Multilateral diplomacy has regained a central position, with emphasis on the role that the United Nations and other international institutions can play. Dialogue and negotiations are preferred as instruments for resolving even the most difficult international conflicts. The vision of a world free from nuclear arms has powerfully stimulated disarmament and arms control negotiations. Thanks to Obama's initiative, the USA is now playing a more constructive role in meeting the great climatic challenges the world is confronting. Democracy and human rights are to be strengthened.

Only very rarely has a person to the same extent as Obama captured the world's attention and given its people hope for a better future.

His diplomacy is founded in the concept that those who are to lead the world must do so on the basis of values and attitudes that are shared by the majority of the world's population.

For 108 years, the Norwegian Nobel Committee has sought to stimulate precisely that international policy and those attitudes for which Obama is now the world's leading spokesman. The Committee endorses Obama's appeal that "Now is the time for all of us to take our share of responsibility for a global response to global challenges."
....................

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Quote

"The heaven for height, and the earth for depth, and the heart of kings is unsearchable."

-- Proverbs of Solomon: 25:3

Quote

"if we desire to secure peace, one of the most powerful instruments of our rising prosperity, it must be known, that we are at all times ready for War."

-- George Washington

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"Observe good faith and justice toward all nations. Cultivate peace and harmony with all."

-- George Washington

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"My first wish is to see this plague of mankind, war, banished from the earth."

-- George Washington

Nobel Peace Prize, Global Leadership

Global Leadership


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Edited & Posted by Editor | 9:58 AM | Link to this Post

October 8, 2009

World Economic Forum's Financial Development Report shows global financial centres' lead is weakening


• Signs of weakness emerge among many global financial centers following crisis.

• Developing countries show comparative financial stability, but also potential for improvement in other areas.

• Report analyses 55 financial systems and capital markets around the world.


Financial Development Report

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Financial Development Report

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Photos: Participants captured during the Dalian WorkSpace 2009 at the World Economic Forum's Annual Meeting of the New Champions in Dalian, China.


Financial Development Report 2009 -- New York, USA, 8 October 2009 - The world's largest economies took the biggest hit in the World Economic Forum's second annual Financial Development Report released today.

Global financial centers still lead in the report's Index, but the effects of financial instability have pulled down their scores compared to last year. The United Kingdom, buoyed by the relative strength of its banking and non-banking financial activities, claimed the Index's top spot from the United States, which slipped to third position behind Australia largely due to poorer financial stability scores and a weakened banking sector.

The Financial Development Report ranks 55 of the world's leading financial systems and capital markets. It analyses the drivers of financial system development and economic growth in developed and developing countries to serve as a tool for countries to benchmark themselves and establish priorities for reform.


Download the 2009 rankings in PDF

Download the full Report (PDF)


Financial Development Report

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Financial Development Report

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Photos: Participants captured during a session at the Young Global Leaders Summit 2009 in Dalian, China.


The rankings are based on over 120 variables spanning institutional and business environments, financial stability, and size and depth of capital markets, among other factors.

The financial crisis was acutely felt in most global financial systems and caused most countries' scores to drop significantly compared to 2008.

"The change in scores does demonstrate the implications of the downturn on our assessment of the long-term development of financial systems," said Nouriel Roubini of New York University and Chairman, RGE Monitor who is the lead academic on the report.

Germany and France suffered a heavy fall in overall scores that pulled them out of the top 10. They dropped in the rankings but demonstrated financial stability scores that were significantly higher than the United Kingdom and US. Australia showed particular strength this year, a trend that is echoed in many Asia Pacific economies.

The breadth of factors covered in the report means that countries with high financial instability scores like the United Kingdom and US could still achieve a high relative ranking in the Index due to other strengths.

"We hope this report will provide some insight as to how the financial crisis has affected the world's major financial systems. It draws attention to the diversity of factors beyond financial stability that must be addressed to support the role of financial systems in driving economic growth. The United Kingdom and US may still show leadership in the rankings, but their significant drops in score show increasing weakness and imply their leadership may be in jeopardy." said Kevin Steinberg, Chief Operating Officer, World Economic Forum USA.

Some developing countries performed well in the financial stability section of the Index. Chile came in third while Malaysia, Mexico and Brazil are all in the top 15. Norway and Switzerland took the top two spots in this category.

"Developing countries exhibited a relatively strong showing in the financial stability pillar of the Index. For some, this is the result of learning from the mistakes of past financial crises, while for others it may reflect the relative lack of complexity and global integration of their financial systems," said Co-Author Nouriel Roubini.

Developing countries also earned many of the top spots with respect to commercial access, which measures the availability of capital through such means as commercial loans, IPOs and venture capital.

The Industry Partnership Programme of the World Economic Forum, under whose auspices this work was undertaken, provides a platform for the world's leading companies to define and address critical issues. The Financial Development Report benefited from the guidance and support of its Industry Partners with particular contributions from Barclays Capital, EFG Hermes, JPMorgan, Standard Chartered Bank and Troika Dialog.

The report draws on data taken from a variety of publicly available sources such as the World Bank.

Source: World Economic Forum

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Edited & Posted by Editor | 10:32 AM | Link to this Post

October 7, 2009

IBM Receives National Medal of Technology and Innovation


IBM OBAMA

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Photo: President Obama recognizes IBM and its Blue Gene family of supercomputers with the National Medal of Technology and Innovation, the most prestigious award of its kind. IBM CEO Sam Palmisano is shown here accepting the award on IBM's behalf on Wednesday, Oct. 7, 2009, in the East Room of the White House in Washington, DC. IBM Blue Gene is one of the world's fastest, most energy-efficient computers, solving challenges in science, medicine, mathematics, astronomy, defense and finance. (Photo Credit: IBM).

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Edited & Posted by Editor | 9:59 PM | Link to this Post

October 6, 2009

Discovery Education and 3M Announce USA National Science Competition Winner


"America's Top Young Scientist" Receives $50,000 in U.S. Savings Bonds.


DISCOVERY 3M


Discovery Education and 3M today awarded Marina Dimitrov of Bozeman, MT with the title of "America's Top Young Scientist" as winner of the 2009 Discovery Education 3M Young Scientist Challenge. Dimitrov was one of 10 finalists who competed today in a series of live science challenges at Metropolitan Pavilion in New York City. A student of Sacajawea Middle School, Dimitrov will receive $50,000 in U.S. Savings Bonds ($25,000 cash value) and a trip to 3M's global headquarters to meet with some of the world's best scientists.


Discovery

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Photo: Marina Dimitrov, an eighth grade student at Sacajawea Middle School in Bozeman, Montana, today was named America's Top Young Scientist and received $50,000 in U.S. Savings Bonds ($25,000 cash value) as the winner of the 11th annual Discovery Education 3M Young Scientist Challenge. Dimitrov showcased scientific innovation and creativity through a series of challenges, including the removal of graffiti from replicas of New York City icons.


Selected from a field of hundreds of students across the country, the finalists tackled live challenges focused on "The Science of Everyday Life," and used their science prowess to:

1. Invent a solution to a common problem using only household items.
2. Remove impurities from water.
3. Restore an historic icon.
4. Build a tower that can withstand a simulated earthquake.

Finalists were evaluated by a panel of judges on their science skills and their ability to communicate scientific knowledge.

Finalists were awarded an all-expenses paid trip to New York City, a $1,000 cash prize, a personalized competition medal, an assortment of 3M products, the Science Channel Essential Space Collection DVD from www.DiscoveryStore.com, as well as a DVD set from Discovery Education featuring programs such as Discovery Channel's award-winning PLANET EARTH.


DISCOVERY EDUCATION

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Photo (Added October 16): U.S. Secretary of Education Arne Duncan and Assistant to the President for Science and Technology and Director of the White House Office of Science and Technology Policy Dr. John P. Holdren congratulate Marina Dimitrov (along with her parents) of Bozeman, MT on being named "America's Top Young Scientist," winner of the 2009 Discovery Education 3M Young Scientist Challenge, on October 8, 2009.


Source: Discovery Communications

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Edited & Posted by Editor | 11:43 PM | Link to this Post

September 22, 2009

Clinton Global Initiative: President Barack Obama and President Bill Clinton Address the Opening Plenary Session of the Fifth Annual Meeting


Clinton Global Initiative


Among others, following are joining President Clinton in Panel Discussion on Global Challenges:

Michelle Bachelet, President of the Republic of Chile.

Mike Duke, CEO of Wal-Mart Stores.

Muhtar Kent, Chairman of the Board and CEO of Coca-Cola.

Kevin Rudd, Prime Minister of the Commonwealth of Australia.


Clinton Global Initiative

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Photo: President Barack Obama and President Bill Clinton Greet Each Other on Stage at the Opening Plenary Session of the Fifth Annual Meeting of the Clinton Global Initiative.


Today, in New York, President Barack Obama joined President Bill Clinton to open the Fifth Annual Meeting of the Clinton Global Initiative.

The meeting is bringing together leaders from the political, corporate, and civil sectors to develop and implement innovative solutions to the world's most pressing problems.

Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) brings together a community of global leaders to devise and implement innovative solutions to some of the world's most pressing challenges.

"This week, even as we gather at the United Nations to discuss what governments can do to confront the challenges of our time, even as we're joined tonight by so many presidents and prime ministers - this Global Initiative reminds us what we can do as individuals: that you don't have to hold public office to be a public servant," President Obama said, adding: "That's the beauty of service - anyone can do it and everyone should try."


Clinton Global Initiative

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"In the midst of a global financial crisis, I don't think it's a coincidence that more people are attending this meeting than ever before," President Clinton said. "Since 2005, it has become clear that CGI has found an effective model for addressing challenges around the world. Our members have made more than 1,400 commitments affecting more than 200 million people around the world. Because of their efforts, more than 10 million children have access to a better education, 48 million people have better health care, and more than 12 people million have safe drinking water. But there is still work to be done."

President Clinton announced that more than 60 current and former heads of state, 500 business leaders, and 400 leaders from nongovernmental and philanthropic organizations will be attending the meeting, representing 84 countries.


Clinton Global Initiative

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Photo (Added Sep 23): From left: Diane Sawyer moderates panel including Lloyd Blankfein, chairman and CEO of The Goldman Sachs Group, Merlanne Verveer, ambassador-at-large for global women's issues at the U.S. Department of State, Robert Zoellick, president of The World Bank Group, Zainab Salbi, founder and CEO of Women for Women International, Rex Tillerson, chairman and CEO of ExxonMobil, and Edna Adan, director and founder of the Edna Adan Maternity and Teaching Hospital (speaking).


Clinton Global Initiative

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Photo (Added Sept 23): From left to right, Matthew Bishop, New York Bureau Chief and American Business Editor, The Economist, Al Gore, Chairman, The Alliance for Climate Protection, Ngozi Okonjo-Iweala, Managing Director, The World Bank Group, Jack Ma, Chairman and CEO, Alibaba Group, Judith Robin, President, The Rockefeller Foundation, Muhammad Yunus, Founder and Managing Director, Grameen Bank.

Source: Clinton Global Initiative

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Edited & Posted by Editor | 11:44 PM | Link to this Post

September 20, 2009

German Chancellor Dr. Angela Merkel officially opens the 2009 Frankfurt Motor Show. AutoWeek Editors Honor the Best.


2009 Frankfurt Motor Show

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Photo: 2009 Frankfurt Motor Show. Dr. Angela Merkel, Chancellor of the Federal Republic of Germany and Jean-Marc Gales, PSA (PSA Peugeot Citroën, France).


2009 Frankfurt Motor Show

Photo: 2009 Frankfurt Motor Show. Dr. Petra Roth, Mayor of the city of Frankfurt at the inauguration.


2009 Frankfurt Motor Show

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Photo: 2009 Frankfurt Motor Show. Dr. Norbert Reithofer, Chairman of Board, BMW and Dr. Angela Merkel, Chancellor of the Federal Republic of Germany.


2009 Frankfurt Motor Show

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Photo: 2009 Frankfurt Motor Show. Dr. Angela Merkel, Chancellor of the Federal Republic of Germany and Bernhard Mattes, Management Chairman, Ford.


2009 Frankfurt Motor Show

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Photo: 2009 Frankfurt Motor Show. Ferdinand Piech, Chairman of the Supervisory Board, VW, Dr. Angela Merkel, Chancellor of the Federal Republic of Germany, Matthias Wissmann, President of the German Association of the Automotive Industry (VDA) and Prof. Dr. Martin Winterkorn, Chairman of the Board of Management, VW (Volkswagen Group).


2009 Frankfurt Motor Show

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Photo: 2009 Frankfurt Motor Show. Dr. Angela Merkel, Chancellor of the Federal Republic of Germany at the stand of VW (Volkswagen Group}.


• Download Info brochure IAA 2009


The AutoWeek Editors' Choice Awards recognize Best in Show, Best Concept, Most Significant and Most Fun.


AUTOWEEK


2009 Frankfurt Motor Show

Photo: A model at the 2009 Frankfurt Motor Show.


The AutoWeek editorial staff has announced its 2009 Frankfurt motor show Editors' Choice Award winners.

AutoWeek editors have been walking the show floors in Detroit, Geneva, Paris, Frankfurt and Tokyo, selecting winners in four categories: Best in Show, Best Concept, Most Significant and Most Fun.


The 2009 AutoWeek Editors' Choice Award winners for the Best of Frankfurt are:


BEST IN SHOW: Ferrari 458 Italia


2009 Frankfurt Motor Show


It is rare when there are more than a few in the race for this coveted title, but that was the case at Frankfurt when no fewer than eight manufacturers had vehicles in the final. When the scrapping was over, Ferrari's 458 Italia triumphed. The 458 wears voluptuous, organic shapes tied together with technical and efficient lines. No matter when you see this car in the future -- in five years or 50 years from now on a concours lawn -- it will always be the one that debuted at Frankfurt in 2009.

Other Finalists Considered: Maserati GranCabrio, Mercedes-Benz SLS, Aston Martin Rapide, Bentley Mulsanne, Rolls-Royce Ghost, Lamborghini Reventon Spyder, Audi R8 Spyder.


BEST CONCEPT: BMW Vision EfficientDynamics


2009 Frankfurt Motor Show


Maybe the most pure concept car at this year's Frankfurt show, BMW's glimpse into the performance sedan of the future uses technology, and design cues, that we'll see in production BMWs in the near future. Powered by a three-cylinder turbodiesel with a hybrid synchronous motor on the front axle and a full-hybrid system at the rear, this 2+2-seater also reveals some hints as to the exterior design features we'll see on future BMW passenger cars. With a top speed of 155 mph, this car shows that the future emphasis on fuel efficiency can offer a lot of fun as well.


Other Finalists Considered: Peugeot BB1, Citroen REVOLTe, Volkswagen E Up.


Volkswagen E Up

Photo: Volkswagen E Up in Frankfurt.


MOST SIGNIFICANT: Renault EV family of four production electric cars


Renault


To think about which manufacturer was making the greatest impact and statement with their exhibit, it had to fall to Renault (and by default, though not exhibiting, its Nissan sister company.) With no fewer than four vehicles destined to come to market in three short years, Renault is putting an electrified stake in the ground and showing the rest of the world that while it might not be all in with this bet, it is not leaving much on the table.


Other Finalists Considered: BMW Vision EfficientDynamics, Jaguar XJ, Opel Astra, Saab 9-5, Ford Grand C-Max.


MOST FUN: Porsche 911 Turbo


Porsche


As is the case with all of the categories this year, a number of strong contenders vied for the title of Most Fun. When the smoke cleared, the new Porsche 911 Turbo came out on top as the one car whose keys we all wanted for a spirited ride. Surely it would brighten the sourest disposition. How can anyone argue with a choice like this?


Other Finalists Considered: Maserati GranCabrio, Peugeot BB1, Mini Roadster, Mazda Superlight, Volkswagen Golf R, Alfa-Romeo Mito Cloverleaf and Lamborghini Reventon Spyder.


• AutoWeek magazine is a fortnightly automotive-enthusiast publication based out of Detroit, Michigan, and is one of nearly 30 titles published by Crain Communications Inc.


Sources: AutoWeek, German Association of the Automotive Industry (VDA)

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Edited & Posted by Editor | 6:08 AM | Link to this Post

September 17, 2009

Italian Jewelry Designer Roberto Coin Selects Supermodel Christy Turlington Burns as the Face of the Company


Christy Turlington Burns


Leading Italian jewelry designer Roberto Coin has signed on with advocate, entrepreneur and model Christy Turlington Burns for a second time to shoot his upcoming advertising campaign for 2009-2010. Turlington Burns has graced the covers of over 1,000 top fashion magazines.

For 2009-2010, the Roberto Coin campaign will support CARE, a leading humanitarian organization fighting global poverty. According to Roberto Coin, Chairman & Co-Founder of Roberto Coin Inc., "Our previous campaign with Christy was so successful and widely received. We are so pleased to be working with her again. We are proud to be in partnership with an organization such as CARE for all their extraordinary work they have done to empower women worldwide through education, healthcare, increased economic opportunities and human rights."

CARE fights root causes of poverty in the world's poorest communities. CARE places special focus on working alongside poor women because, equipped with the proper resources, women have the power to help whole families and entire communities escape poverty. In nearly 70 countries, women are at the heart of CARE's community-based efforts to improve education, health and economic opportunity.

"At Roberto Coin, we believe that a cause related campaign has much more impact than straight consumer advertising," said Peter Webster, President & Co-Founder. "This campaign recognizes both the work of Christy Turlington Burns and that of CARE."

The campaign was shot by photography duo Inez van Lamsweerde and Vinoodh Matadin, whose past credits include advertising campaigns for Gucci, Givenchy, Chloe, Louis Vuitton, Dior, Yves Saint Laurent, Roberto Cavalli, Balenciaga, Calvin Klein and editorial spreads for the pages of American, French, and Italian Vogue, W, and the New York Times.

The advertisements will appear in October 2009 fashion publications that include Elle, Harper's Bazaar, Architectural Digest, Gourmet, and Town & Country.

Roberto Coin's jewelry designs include his signature Appassionata Collection. According to Coin, his designs have also been worn by celebrities such as Ashley Judd, Salma Hayek, Brooke Shields, Jennie Garth, Jenna Fischer, Demi Moore, Melissa Etheridge, and Jennifer Hudson.

The company, Roberto Coin, is headquartered in Vicenza, Italy.

|GlobalGiants.com|


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Edited & Posted by Editor | 12:38 PM | Link to this Post

September 13, 2009

New Global Reserve Currency


The international monetary system needs reform, but so do the Asian and US economies.


Global Currency


According to thought leaders from the principal world economies, the current international monetary system, reliant on the US dollar, is deeply flawed, but a single viable alternative is not readily apparent.

This was the outcome from the debate at the Annual Meeting of the New Champions on September 12, 2009 at Dalian, People's Republic of China, where they discussed the global currency reserve system.


World Economic Forum

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Photo: Participants captured during the Dalian WorkSpace 2009 at the World Economic Forum's Annual Meeting of the New Champions in Dalian, China 10-12 September 2009. © World Economic Forum.


World Economic Forum

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Photo: Participants gather at the Education for the Next Wave of Growth session at The World Economic Forum Annual Meeting of the New Champions in Dalian, China 10-12 September 2009. © World Economic Forum.


World Economic Forum

Photo: Michael D. Antonovich, Los Angeles County Supervisor, speaks during the North America's Economic Outlook session at The World Economic Forum Annual Meeting of the New Champions in Dalian, China 10-12 September 2009. © World Economic Forum.


In March, China's Central Bank Governor Zhou Xiaochuan sparked controversy when he proposed that the International Monetary Fund create a new reserve currency - a proposal with enormous implications across Asia, which holds nearly US$ 4 trillion in foreign currency.

"I strongly supported the proposal made by Governor Zhou," said Yu Yongding, Senior Fellow, Institute of World Economics and Politics, Chinese Academy of Social Sciences (CASS), People's Republic of China and member of the Forum's Global Agenda Council on International Monetary Systems.

However, panelists agreed that the creation of a new global currency to replace the dollar and other sovereign currencies was not politically viable.

The overwhelming problems facing the Asian and US economies are not based on currency doubts. "Don't kid yourself. This crisis is not about currency problems. This problem is about the failures of policies," said Stephen S. Roach, Chairman, Asia, Morgan Stanley, Hong Kong. "We've had central banks that have just gone along for the ride, driven by ideologies, driven by politics."


World Economic Forum

Photo: Aron Cramer, President and Chief Executive Officer, Business for Social Responsibility (BSR), speaks during the Global Redesign Series -- What Is the Basis of a New Social Compact? session at The World Economic Forum Annual Meeting of the New Champions in Dalian, China 10-12 September 2009. © World Economic Forum.


World Economic Forum

Photo: Participants captured during the Dalian WorkSpace 2009 at the World Economic Forum's Annual Meeting of the New Champions in Dalian, China 10-12 September 2009. © World Economic Forum.


World Economic Forum

Photo: Zhu Min, Group Executive Vice-President, Bank of China, laughs during The Global Economic Outlook session at The World Economic Forum Annual Meeting of the New Champions in Dalian, China 10-12 September 2009. © World Economic Forum.


For the global financial system to steady itself, the US must increase exports and Asian economies, China's in particular, must do much more to reorient their growth away from external demand towards domestic consumption. "The most important thing for China is to speed up structural reform," agreed Yu.

When polled informally, participants preferred the yuan over the dollar as an investment but few believed it would replace the dollar as the global reserve. Among the panelists, only Oki Matsumoto, Founder and Chief Executive Officer of Japan's Monex Group, was mildly bullish on the dollar.

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.

Source: World Economic Forum

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Edited & Posted by Editor | 3:55 AM | Link to this Post

September 2, 2009

Virtuoso Violinist Itzhak Perlman and New York Philharmonic to Join Rotary's Effort to End Polio


ROTARY VIOLIN


Rotary International is joining violin virtuoso Itzhak Perlman and the New York Philharmonic, led by Philharmonic Assistant Conductor Daniel Boico, to present the Concert to End Polio. It will be a benefit performance supporting the global effort to eradicate this disabling childhood disease.

The Concert to End Polio will take place on Wednesday, December 2, 2009, at 7:30 p.m. in Avery Fisher Hall at Lincoln Center for the Performing Arts, New York City. Program information will be announced at a later date.

Founded in 1842, the New York Philharmonic is the oldest symphony orchestra in the United States and one of the oldest in the world. The Orchestra is also renowned around the globe, having appeared in 425 cities in 59 countries on five continents.

Polio eradication resonates strongly with Mr. Perlman, who contracted the disease at age four and overcame serious physical challenges to become one of the world's most celebrated musicians. In this historic, one-night-only performance -- his first with the New York Philharmonic in four years -- Mr. Perlman will help Rotary in its effort to raise $200 million to match a $355 million challenge grant from the Bill & Melinda Gates Foundation. All of the resulting $555 million will fund critical eradication activities in developing countries where polio still threatens children.

Rotary International, the World Health Organization, UNICEF, and the Centers for Disease Control and Prevention launched the Global Polio Eradication Initiative in 1988. Since then, ending polio has been Rotary's top priority, and tremendous progress has been made.

Rotary is an international humanitarian service organization made up of more than 33,000 clubs in over 200 countries and geographical areas, with a total membership of 1.2 million business, professional and community leaders.

Source: Rotary International

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Edited & Posted by Editor | 9:04 AM | Link to this Post


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