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Monday January 30, 2012

Ted Talks

Mick Mountz: The hidden world of box-packing

With the growing popularity of online shopping, Mick Mountz and his company are finding ways to make picking, packing and shipping those purchases a flexible and inexpensive process. He first began working on this hidden challenge while at Webvan, an online grocer.

Global Markets

Domestic Demand Cushions India from Crisis Despite Negative Perceptions

India’s economy grew by 8% in the last financial year, Standard & Poor’s rates India as investment grade BBB- and stable

Davos-Klosters, Switzerland – “The macroeconomics of India are fundamentally strong. Those who have these alarm bells ringing should look inwards,” said Anand Sharma, Minister of Commerce and Industry, Textiles of India. Speaking today at the 42nd World Economic Forum Annual Meeting, Sharma vigorously defended the reforms made by his government and the economic prospects of India. “India can take care of itself, I can assure you,” he said.

South of the Border

US Economy to Grow 2-3% in 2012, Says Treasury Secretary Geithner

The United States economy this year will grow between 2% and 3%, despite positive growth, unemployment remains high, housing weak and household debt up

Davos-Klosters, Switzerland – US Secretary of the Treasury Timothy Geithner agrees with the consensus forecast that the United States economy will grow between 2% and 3% this year. “I think that’s a realistic outcome as long as we don’t see a lot of risks coming out of Europe,” he told participants at the World Economic Forum Annual Meeting in Davos, Switzerland.

Changing Look of Capitalism

Jobs are Top Priority, Business Leaders Say as World Economic Forum Annual Meeting 2012 Closes

Capitalism and the free market should be more responsive to social needs, said Professor Klaus Schwab

Davos-Klosters, Switzerland – The 42nd World Economic Forum Annual Meeting closed today, with business leaders urging resolute action to promote growth and employment, particularly among young people. “Jobs should be our number one priority,” declared Annual Meeting Co-Chair Vikram Pandit, Chief Executive Officer of Citi, in a session on the global agenda for 2012.

Visitor Guide

From Chile with Love: El Gremio Tour Kicks Off in Waterloo

Waterloo - Neruda Productions launches El Gremio tour with a Valentine’s Day Fundraiser that will sweep Southern Ontario to its feet and onto the dance floor faster than you can say ándale arriba!

Social Power

Leadership Challenges Mount in the Unpredictable World of Social Media

Social networking and communications tools such as Facebook and Twitter are putting new pressures on business and government leaders. The deficit in global leadership is impeding agreement on pressing global issues such as climate change

Davos-Klosters, Switzerland, 28 January 2012 – Technology and social media are significantly changing the way leaders in business and government make decisions, global opinion-shapers told participants in a session predicting scenarios for 2012 at the World Economic Forum Annual Meeting.


Future Contributions Should Be Taken Into Account When Assessing the Financial Sustainability of the Canada Pension Plan

OTTAWA - The Office of the Chief Actuary released today Actuarial Study #10, entitled "Measuring the Financial Sustainability of the Canada Pension Plan". The study concludes that the actuarial obligations of the Canada Pension Plan (CPP) should be measured by using an approach that reflects the partially funded nature of the Plan.

Digital World

Cyber Resilience Initiative to Safeguard Digital Environment

“Partnering for Cyber Resilience” is a set of shared principles endorsed by CEOs that aims to safeguard cyberspace, Cybercrime has the potential to precipitate its own economic crisis, as the tradecraft of cybercriminals is rapidly evolving

Davos-Klosters, Switzerland – The World Economic Forum launched a new initiative to improve global resilience to major cyberrisks. "Partnering for Cyber Resilience" is a set of shared principles, signed and endorsed by chief executives of companies who recognize the interdependence of all organizations in combating cyberrisks and their role in contributing to a safer digital environment.

Revise Trade Rules

US, Other Countries Not Giving Up on Stalled Doha Round of Trade Talks

The strategy is to go for small wins and build confidence that the big contentious issues could eventually be addressed

Davos-Klosters, Switzerland – Trade ministers and business leaders are not giving up on the much-delayed Doha Round of global trade negotiations, but they admit that it is not in the best of health. “Doha is not dead,” Craig Emerson, Minister of Trade of Australia, told participants at the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland. “I think there’s enough life in the Doha Round to persist with it.”

Global Recognition

Vale Voted Public Eye Peoples Choice

TORONTO - Brazilian multinational Vale is a worthy recipient of the 2012 Public Eye People's Choice Award for the world's worst company says the United Steelworkers (USW).

Europe In Crises

Eurozone Must Show “Colour of Money” before World Helps with Financial Rescue

No country is immune from the Eurozone crisis Other countries will not help unless Eurozone leaders show political will. A financial firewall is needed to help stem the debt crisis

Davos-Klosters, Switzerland – Before it can expect other countries to help, the Eurozone must allocate more of its own money on a financial firewall to prevent the economic problems of some of its member states from contaminating the rest of the region, a high-powered group of leaders warned at the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland.

Prevent the Crises From Spreading

Japan’s Prime Minister Calls European Debt Crisis the Greatest Risk to the World Economy

Japan expresses willingness to do what it can to support the Eurozone, Japan is working with South Korea and India to prevent crisis spreading to Asia

Davos-Klosters, Switzerland, 28 January 2012 – Interviewed by videolink from Tokyo, Japanese Prime Minister Yoshihiko Noda told a panel discussion on risk, hosted by NHK at the World Economic Forum Annual Meeting in Davos-Klosters, that Japan sees Europe’s debt crisis as the major risk on the current horizon.

Current Issue: January/February 2012

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