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_________ Monday November 3, 2014 _________

Exchange Magazine
November/December 2014
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Ted Talks

Jeremy Heimans: What new power looks like

We can see the power of distributed, crowd-sourced business models every day — witness Uber, Kickstarter, Airbnb. But veteran online activist Jeremy Heimans asks: When does that kind of "new power" start to work in politics? His surprising answer: Sooner than you think.

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Financial

HSBC Bank Canada Third Quarter 2014 Results

VANCOUVER - Profit before income tax expense for the quarter ended 30 September 2014 was C$231m, a decrease of 8.0% compared with the same period in 2013. Profit before income tax expense was C$706m for the nine months ended 30 September 2014, little changed from the same period in 2013.

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GDP

Gross domestic product by industry for August 2014

Mining, quarrying, and oil and gas extraction fell, public sector grew, Wholesale trade rose, Retail trade edged down read for more

Ottawa - Real gross domestic product declined 0.1% in August, following no growth in July and increases in the first six months of the year. Increases of 0.5% and 0.3% were recorded in May and June respectively.

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Ontario Legislation

Caregiver Leaves Now in Effect

Legislation allows caregivers to focus providing care to their loved ones

Queens Park - People in Ontario can now take three new leaves of absence thanks to the Employment Standards Amendment Act (Leaves to Help Families), 2014, which came into effect on October 29. This legislation allows caregivers to focus their attention on what matters most - providing care to their loved ones - without fear of losing their jobs. "The one thing working Ontarians need most when it comes to caring for seriously ill or injured family members is time to be with their loved ones.

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Innovation

Why Purpose-Driven Innovation Trumps All

by George Bradt Forbes.com

Innovation that sticks is purposed-driven – led by someone on a mission to do good for others. It doesn’t matter if the innovation succeeds on its own or leads to another innovation by someone else that does succeed. What matters is that the innovator is committed to a cause and is compelled to innovate to overcome a barrier keeping people from realizing their purpose.

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Economic Developemt

Ontario Secures Almost $1 Billion in New Investments to Create More Than 1,800 Jobs

Queens Park - Ontario attracted $966 million in new investment by Chinese companies during Premier Kathleen Wynne's mission to China. These projects will create 1,800 jobs in communities across the province.

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Global Economy

Inclusive Growth, Competitiveness Top Agenda as Leaders Gather for India Economic Summit

Inclusive growth, competitiveness, health and infrastructure are the focus of the summit

New Delhi, India – The World Economic Forum, in partnership with the Confederation of Indian Industry (CII), is hosting the India Economic Summit in New Delhi this week on 4-6 November. Under the theme, Redefining Public-Private Cooperation for a New Beginning, the summit convenes against a backdrop of significant economic growth and progress in reducing poverty in most parts of India, but also persistent inequality. The programme is built on three pillars: Boosting Global Competitiveness; Launching a Domestic Systems Reset; and Scaling Local and Social Innovation. More than 700 leaders from business, government, civil society and academia from 45 countries will take part.

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Holiday Shopping

2014 Holiday Hot Toy List

Frozen Snow Glow Elsa, Minecraft, Skylanders Trap Team, Teenage Mutant Ninja Turtles and Simon Swipe Among the Toys Expected to Top Holiday Wish Lists this Year

TORONTO - Here's a sneak peek of what is expected to be on the wish lists of thousands of Canadian kids this holiday season: action heroes, paint makers, robotic pets…and more! Toys"R"Us, Canada today announced its annual Holiday Hot Toy List, featuring the 20 most popular toys for kids of all ages.

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Food and Drink

Food services and drinking places, August 2014

Sales in the food services and drinking places industry rose 1.2% to $4.9 billion in August, the seventh increase in eight months. Higher sales were reported in all four sectors. Prices for food purchased from restaurants were up 2.1% in the 12 months to August.

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New Board New Year

Chamber Welcomes the 2014-15 Board of Directors

Kitchener – The Greater Kitchener Waterloo Chamber of Commerce welcomed its 2014-15 Board of Directors this week for the first board meeting of the year with a renewed focus on new programs, business community growth, and continuous membership development as the 7th largest Chamber of Commerce in Canada.

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Convocation

Conestoga’s Fall Convocation recognized more than 1400 new graduates

Waterloo Region - More than 1400 graduating students were recognized at the Fall 2014 convocation ceremonies of Conestoga College Institute of Technology and Advanced Learning held Saturday. At the ceremony, President John Tibbits will present a number of College-wide honours.

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Environment

Air Pollution, Acid Rain and Global Warming Under the Microscope in Stairs Lecture in Chemistry

Award-winning professor from University of California Dr. Barbara Finlayson-Pitts ’66 to speak at public lecture

Peterborough - The Trents Department of Chemistry will welcome back Trent University alumna and distinguished University of California professor, Dr. Barbara Finlayson-Pitts ‘66, to deliver the Robert Stairs Lecture in Chemistry on Wednesday, November 5, 2014 at 7:30 p.m. at Princess Gardens, 100 Charlotte Street, Peterborough. The event is free and open to all members of the community.

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Trends

Consumers worry about privacy but still willing to share data

Loyalty Lens explores international trends around consumer loyalty, engagement with technology and attitudes towards data privacy. Outcome - Shoppers more willing to share personal information in exchange for rewards and getting cash back is king.

MONTREAL - Despite a series of recent, high-profile data breaches and consumer concerns over data collection, shoppers are still open to sharing their personal information, reveals a new survey.

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Innovation

Thomas Edison’s Dirty Little Secret – A ‘Bride of Chucky’ Doll

Why great ideas are not always great opportunities - By Neal Thornberry, Ph.D.

Like other authors who write about innovation, I love Thomas Edison stories. He was an inventive genius and found the code to serial innovation more than 120 years ago. That code is still in use by companies like IDEO who’ve learned his lessons and both improved upon them and added to them. But the basic core is still the same.

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Environment

EPA Releases Climate Plans on Fifth Anniversary of President Obama’s Sustainability Initiative

Plan Builds Capacity to Protect Human Health and the Environment in a Changing Climate

WASHINGTON - As part of President Obama’s Climate Action Plan, EPA today released plans for reducing greenhouse gas emissions and preparing for climate change impacts such as flooding, sea level rise, severe weather and temperature extremes.

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Season Release

Drayton Entertainment Announces 2015 Season

“Music, Laughter … and all that jazz!”

WATERLOO REGION– Alex Mustakas, Artistic Director of Drayton Entertainment, has unveiled an ambitious 2015 Season of “Music, Laughter … and all that jazz!” Nineteen productions will span seven stages throughout the province of Ontario over a 10 month period, March through December.

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Economic Developemt

Ontario Secures Almost $1 Billion in New Investments to Create More Than 1,800 Jobs

Queens Park - Ontario attracted $966 million in new investment by Chinese companies during Premier Kathleen Wynne's mission to China. These projects will create 1,800 jobs in communities across the province.

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This Weekend

Three-time Nobel Peace Prize nominee and winner of the Mahatma Gandhi Peace Award Dr. Izzeldin Abuelaish to speak at 8th annual Grand River Film Festival

Waterloo Region - Grand River Film Festival (GRFF) is honoured to welcome Dr. Izzeldin Abuelaish as the keynote speaker for their closing gala reception. Dr. Abuelaish is a globally renowned peace and human rights activist, and the author of international bestseller I Shall Not Hate: A Gaza Doctor’s Journey, which recounts his struggle of losing three daughters and a niece to Israeli-Palestinian hostility while simultaneously promoting forgiveness as the most effective tool for attaining peace.

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Weight Loss Surgery

Weight loss surgery substantially reduces the risk of developing type 2 diabetes

London, UK - Bariatric (weight loss) surgery, such as gastric bypass or gastric banding, could reduce the risk of developing type 2 diabetes by around 80% in obese people, compared with standard care, new research published in The Lancet Diabetes & Endocrinology journal suggests.

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