‘Open Canada’ | Report from Canadian International Council


Countries are still working out their responses to a globalised and inter-connected world.  This report from the Canadian International Council is an absorbing example of an approach for Canada.  Its the more absorbing because Canada sits on one of the longest borders in the world, with the United States.  One of the early themes is the reliance of Canada on free trade amongst US, Canada and Mexico, yet trade with the US is dropping sharply since 2000 as the US became more protectionist of its borders.  Exports to US have dropped from $37bn to $26bn in the period 2000 to … Continue reading ‘Open Canada’ | Report from Canadian International Council

Euro Bank Stress test – top level result


The Euro authorities (CEBS) reviewed 91 banks using two scenarios.  They review against benchmark and adverse scenarios.  Benchmark assumes modest economic recovery, and adverse assumes a double dip recession.  A host of assumption on GDP, unemployment etc were used to assess under those scenarios and are outlined in the document attached. Spring forecast 2009 publication15048_en Summaryreport_stress_tests Bottom line – 7 banks failed to meet the tier 1 threshold of 6% under the adverse test. Hypo Real Estate Holding (Germany) ATEbank (Greece) DIADA (Spain) Espiga (Spain) Banca Civica (Spain) Unnim (Spain) Cajasur (Spain) This from the report: As a result of … Continue reading Euro Bank Stress test – top level result

“Apple passes Microsoft as No. 1” | oops … all change again this morning


Internet has resulted in more than a fair share of amateur experts on everything from technology to economics.  it was interesting to watch the antics of the armchair group when back in May Apple market cap overtook Microsoft.  The end of an era, as reported by their technology reporter. Fast forward to this morning, and look at the market caps. No-one doubts the shift to mobile and I still love my iPhone.  However care should be taken in isolating daily jumps in emotional stock markets which can generate attention grabbing headlines that may well prove to be proof of a … Continue reading “Apple passes Microsoft as No. 1” | oops … all change again this morning

IPA/BDO Bellwether survey indicates further shifts in marketing spending


An interesting chart from ft.com that reviews marketing shifts in the UK.  While there is a general downward shift in marketing in Q2, the mix continues to shift away from traditional and towards internet. Q2 2010 Bellwether: marketing spend down The latest IPA/BDO Bellwether survey published today (12th July 2010) reveals that marketing budgets were revised down in Q2 amid uncertainty regarding the economic outlook, with around 20% of companies reporting a downward revision against 15% that reported an increase.  Business confidence has also dipped with positive sentiment the lowest for a year. However the rate of budget trimming was … Continue reading IPA/BDO Bellwether survey indicates further shifts in marketing spending

iPhone memory management and supposed ‘multitasking’


This is an off-topic rant on iOS 4.  if you are not using iPhone please disregard 🙂 <rant> As cool as the iphone is, there are some things that just don’t change under the covers, whether its windows, or apple OS and thats memory management.  This is lazy code development. The example here is the use of memory in the fake multitasking implemented in iOS 4.  Multitasking is not multitasking in iOS 4 – it is restricted to 3 areas (audio, VoIP, and location data).  Read here for the experts outline.  So if it is not real, then at least … Continue reading iPhone memory management and supposed ‘multitasking’

Why don’t banks get the obvious?


I have been intrigued lately by this new site which is in support of a new book that I am sure is worth checking out (its available on a pre-order basis) For now we can assess from the web site.  The arguments are well articulated and many have appeared on this and other blogs over the last few years and it makes sense to encapsulate into a book because banks do not get it apparently despite efforts of the likes of netbanker and others to offer guidance. Bank2.0 | Banking4Tomorrow Brett King’s new book, BANK 2.0 – How customer behaviour … Continue reading Why don’t banks get the obvious?

Is CNN an early indicator of new business measurement


I happen to be a CNN fan, but that is immaterial.  CNN has the interesting dichotomy of financial success and ratings failure.  That is interesting because maybe the problem lies in the measurement.  All companies whether news or banks are going through a shift, and the old way of thinking about it will not work in the new times.  CNN bolsters profits even as ratings slump | ft.com CNN has received a drubbing from rivals on both sides of the political spectrum –News Corp’s right-leaning Fox News Channel and NBC Universal’s liberal MSNBC network. … “CNN really has to come … Continue reading Is CNN an early indicator of new business measurement

Virgin and Wal-Mart both considering a bank in Canada


This latest Wal-Mart thing just won’t go away.  This story on Virgins annual comment from Branson about starting a bank in Canada notes that Wal-Mart has applied successfully to start a bank here.  That makes Wal-Mart a potential Mexico, US, Canada bank.  Interesting.  Virgin Money hasn’t given up on Canada | Globe and Mail That’s not to suggest that he’s not working on it. Wal-Mart just recently received the nod from Canada’s financial services regulator to start a bank in Canada, having been working on the concept since at least 2006. Technorati Tags: Wal-Mart,Virgin,bank,Canada Continue reading Virgin and Wal-Mart both considering a bank in Canada