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____________________ Friday January 24, 2014 ___________________

Current Issue: January/February 2014

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Ted Talks

Yves Morieux: As work gets more complex, 6 rules to simplify

Why do people feel so miserable and disengaged at work? Because today's businesses are increasingly and dizzyingly complex -- and traditional pillars of management are obsolete, says Yves Morieux. So, he says, it falls to individual employees to navigate the rabbit's warren of interdependencies.

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Citizens Survey

Kitchener's Environics survey

Kitchener - A citizen survey is conducted every four years as part of the first step in the city’s Strategic Planning process. Initiated by Compass Kitchener, a volunteer group of citizens who advise council as a collective community voice, the survey is conducted just prior to the end of each term of city council for the purpose of:

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Monetary Policy

US Unwinding of Quantitative Easing Prompts Risk Warnings in Leading Economies

The ending of exceptionally supportive monetary policy in the United States has raised questions about the impact of the normalization on the global economic recovery; The lack of synchronization in the unwinding of monetary stimulus could lead to volatility in capital markets and currencies

Davos-Klosters, Switzerland – As the US Federal Reserve begins its tapering of quantitative easing, and the sharp drop in UK unemployment suggests that the Bank of England may soon follow, leading finance officials and experts in a session on monetary policy at the 44th Annual Meeting of the World Economic Forum warned of risks that may be worsened by the unwinding of the post-crisis monetary stimulus.

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Innovation

Guelph Begins Building North America’s First City-Wide District Energy Network

Downtown district energy system first of many in municipal energy plan

Guelph - The new high-efficiency heating and cooling system in the Sleeman Centre in downtown Guelph is an important first step toward building North America’s first city-wide district energy network.

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Red Tape

Low job growth; a problem small firms can help fix

CFIB presents small business priorities ahead of federal budget

TORONTO - If the federal government wants to grow the economy and get job numbers back on track, it need look no further than solutions recommended by the small business community. The Canadian Federation of Independent Business (CFIB) presented its top pre-budget priorities in a recent meeting with federal Finance Minister Jim Flaherty.

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Job Search

Workers Haven't Sought a New Job in Years

TORONTO - Is your resume covered in cobwebs? You're not alone, according to a recent survey more than half (56 per cent) of employed workers interviewed said it's been at least five years since they last looked for a new job; this includes 32 per cent of survey respondents who haven't conducted a job search in more than a decade.

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Trade

China, Europe and the US: A New Cooperative Framework

Deeper collaboration among Europe, the US and China could drive progress in addressing major global challenges such as the environment and achieving a new multilateral trade regime; For such trilateral collaboration to succeed, the US-China relationship will have to be strengthened

Davos-Klosters, Switzerland – By deepening collaboration, Europe, the United States and China could shape solutions to difficult international challenges such as the environment and achieving a new multilateral trade regime, business and government leaders from the three biggest economies in the world said in a session on the potential for trilateral cooperation at the 44th Annual Meeting of the World Economic Forum.

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xQuarterly

OpenText Reports Second Quarter Fiscal Year 2014 Financial Results

WATERLOO - Open Text Corporation announced its financial results for the second quarter ended December 31, 2013.

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Robotics

Lifesaving Robot Used for Humanitarian Research

University of Coimbra aims to rid the world’s landmines with mobile robots

Kitchener - The University of Coimbra’s Institute of Systems and Robotics is working diligently to automate the extremely dangerous and manual job of clearing minefields for humanitarian demining efforts. Canadian robotics makers, Clearpath Robotics, sponsored the project by providing the mobile robotic base. “Minesweeping is an extremely dangerous and time-intensive process,” said Lino Marques, Senior Lecturer at the University of Coimbra, and academic liaison for the project. “Robots do not get tired; they can be extremely thorough performing their jobs, and their cost is infinitely smaller than that of a human life. For these reasons, robots are a perfect solution for the minesweeping problem.”

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Global Economy

Circular Economy Can Generate US$ 1 Trillion Annually by 2025

New report finds that a shift towards a circular economy can generate US$ 500 million in material cost savings, 100,000 new jobs and prevent 100 million tonnes of waste globally within five years; Project Mainstream initiative aims to accelerate cross-sector engagement towards a circular economy

Davos-Klosters, Switzerland – Over US$1 trillion a year could be generated by 2025 for the global economy and 100,000 new jobs created within the next five years if companies focused on encouraging the build-up of “circular” supply chains to increase the rate of recycling, reuse and remanufacture. This would maximize the value of materials when products approach the end of their use, according to a new report released today by the World Economic Forum, in collaboration with the Ellen MacArthur Foundation at the Annual Meeting 2014 in Davos.

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Sponsorship

Economical Insurance sponsors KWS 2014/15 and 2015/16 Signature Series

WATERLOO - Economical Insurance and the Kitchener Waterloo Symphony (KWS) announced the renewal of Economical’s sponsorship of the KWS Signature Series for the 2014/15 and 2015/16 Seasons. Since 2010, Economical has provided $50,000 annually as the title sponsor of the KWS Signature Series. This sponsorship renewal brings Economical’s total financial support for the KWS to more than $475,000 since 2001.

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Red Tape Recognition

National “Paperweight” Award finalists announced

New award recognizes worst offenders that create red tape headaches for small biz

Toronto – With Canada’s fifth annual Red Tape Awareness Week (January 27 – 31) just around the corner, the Canadian Federation of Independent Business (CFIB) has announced the finalists for its new Paperweight Award.

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Economy

Despite Slower Growth, the BRICS Remain a Dynamic Force

China has embarked on a more sustainable growth course; Brazil consolidates reform process and prepares large-scale privatizations; India confident about steady GDP growth over the next three years; South Africa focused on “new normal” while Russia focuses on better business environment

Davos-Klosters, Switzerland – The BRICS countries should not be counted out as dynamic forces in the global economy. Brazil, Russia, India, China and South Africa (the BRICS) have all been hit to varying degrees by fallout from the global financial crisis, but leaders responsible for economic management in these countries predict they will rebound over the next few years.

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US Economy

US Treasury Secretary Lew Expects Good Year of Growth for US Economy

US Treasury Secretary expects 3% growth in economy in 2014; Urges Congress to lift debt limit to avoid a “false crisis”; US Commerce Secretary Pritzker says immigration reform has higher priority than corporate tax reform

Davos-Klosters, Switzerland – The US economy will have a good year in 2014, spurred by strong core growth, rising confidence and an end to the fiscal drag, Jacob J. Lew, US Secretary of the Treasury, told participants in the 44th World Economic Forum Annual Meeting.

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Writing

Author Elizabeth Hay named Laurier’s 2014 Visiting Writer

WATERLOO – Award-winning Canadian author Elizabeth Hay will be visiting Wilfrid Laurier University’s Waterloo and Brantford campuses March 17-21 as the university’s Visiting Writer for 2014. Hay will discuss her latest novel, Alone in the Classroom, during a public lecture at Laurier’s Brantford campus, and a host of other topics during public lectures at Laurier’s Waterloo campus. In addition to lectures, Hay will visit classes, host a creative-writing workshop and join a panel discussion with the 2014 Edna Staebler Laurier Writer-in-Residence, Colleen Murphy. “It is a great honour to host one of Canada’s literary masters as our 2014 Visiting Writer,” said Deborah MacLatchy, vice-president: academic and provost.

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xQuarterly

OpenText Announces Two-For-One Stock Split

OpenText is undertaking the stock split to make the common shares more readily accessible to individual shareholders

WATERLOO - Open Text Corporation announced that its Board of Directors has approved a two-for-one stock split of its outstanding common shares. The two-for-one stock split will be implemented by way of a stock dividend whereby shareholders will receive one common share for each common share held. There were 60,473,680 OpenText common shares outstanding as of January 22, 2014. Adjusting for the stock split, there will be 120,947,360 OpenText common shares outstanding.

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Retirement

How to Engineer Your Financial Future - 4 Tips for All Wealth Stages

Financial resolutions can be the most difficult to keep. They can include minute detail, number crunching, plenty of files and discipline that can affect a person’s entire lifestyle, says veteran investment advisor Paul Taylor, a member of the National Ethics Bureau.


Special Events

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January 25, 2014

Fundraiser to Support Cambridge Cardiac Rehabilitation Exercise-A-Thon

Cambridge - Many of us have New Year’s resolutions to get fit and lose weight, and here’s a special fundraising event that will support this and raise money for much needed equipment for cardiac rehabilitation equipment. Sign up on site for classes like PX90, Yoga, Zumba, and Kick Boxing; have fun and support this important fundraiser.

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January 25, 2014

The Brush Off 3rd Edition

Kitchener - THEMUSEUM in downtown Kitchener will host their annual, original live painting competition, The Brush Off 3rd Edition, a fundraiser for THEMUSEUM, on Saturday January 25th at 7:00pm.

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Grand Opening

Laurier Brantford to open Digital Library and Learning Commons

BRANTFORD – Laurier’s Brantford campus is moving a step closer to having its own dedicated library with the grand opening of its new Digital Library and Learning Commons (DLLC) Wednesday, Jan. 29 at 4 p.m.

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