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The Values required for Capitalism | Enlightened self interest – Tony Blair

Colin Henderson

The Values Behind Market Capitalism Tony Blair, Stephen Green, Indra Nooyi, Shimon Peres, James J. Schiro, Jim Wallis with Maria Ramos Tony Blair – introductory remarks on the Values of Capitalism tendency to want to staate at this conference – “The End of Capitalism” it is normal and intelligent to reflect on the system New world, but we have been taught old lesson – that values matter we will build new regulation that will solve for the last crisis because that is what we do Old lesson was enlightened self interest, sense of long tgerm value, transparency – financial system … Continue reading The Values required for Capitalism | Enlightened self interest – Tony Blair

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World Economic Forum Davos | Summary day 1 themes

Colin Henderson

Themes I have picked up from the World Economic Forum on day one from blogs, speeches, and other comments.  Anyone attending in person and reading this, I would love to hear your observations and perspectives in the comments. government | the worlds orientation towards government economic support and regulation is at once welcomed and a concern.  A powerful sub concern is that of untended consequences – there is a general sense that the level of government support towards bailouts will create problems in the near future that we do not understand.  [my contribution – there will be rampant inflation during … Continue reading World Economic Forum Davos | Summary day 1 themes

Economy2 Comments

Reference material | New economic documents – world economy with country specifics (close to 1,000 pages here)

Colin Henderson

For your reading pleasure | very credible stuff here with the latest on statistics and reference.  Keep handy for that next strategy powerpoint.  I will add to sidebar for later reference too. IMF World Economic Outlook oct 2008 original link – IMF IMF World Economic Outlok – update Jan 2009 original link – IMF The Future of the Global Financial System – World Economic Forum 2009 original link WEF Annual Report 2008– World Economic Forum original link WEF Continue reading Reference material | New economic documents – world economy with country specifics (close to 1,000 pages here)

AI

Generations online 2009 and their usage patterns | PEW

Colin Henderson

A couple of interesting things from this new PEW report. The pervasiveness of online usage – only over 69 is there less than 50% usage online – refer below Gen Y is doing more and more banking online moving from 38% to 57% – older folks use internet for information, health and purchases. Generations Online in 2009 | PEW Contrary to the image of Generation Y as the “Net Generation,” internet users in their 20s do not dominate every aspect of online life. Generation X is the most likely group to bank, shop, and look for health information online. Boomers … Continue reading Generations online 2009 and their usage patterns | PEW

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World Economic Forum – Opening Plenary – Vladimir Putin | Jan 29th

Colin Henderson

Opening Plenary of the World Economic Forum Annual Meeting 2009 Opening address by Vladimir Putin, Hans-Rudolf Merz, Klaus Schwab, Peter Brabeck-Letmathe, Michael S. Dell, Carlos Ghosn Live blogging through the Plenary session that includes Vladimir Putin Schwab is opening, speaking of the world wide imapct on the economy on people, institutions and countries Putin: speaks of the notion of a perfect storm of circumstances that have affected the entire global economy majority of countries especially the US that ignored the problem – 1 year ago representatives of the US stood at Davos and indicated the economy was strong.  Now without … Continue reading World Economic Forum – Opening Plenary – Vladimir Putin | Jan 29th

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A new economic era – WEF opening economic session | Jan 28th

Colin Henderson

Update 2009: The New Economic Era Justin Yifu Lin, Trevor Manuel, Stephen S. Roach, Ferit F. Sahenk, Heizo Takenaka with Michael Elliott As they speak about the world crisis focussing on what ought to be done, Heizo Takenaka made the smartest comment.  He says that capital injection is not enough – what is required is accurate assessment of asset values. This comment is deep and meaningful – the crisis of confidence that persists and has frozen money markets has at its core the inability to value the assets being traded, nor the institutions performing the trades, the banks.  We just … Continue reading A new economic era – WEF opening economic session | Jan 28th

Innovation

Managing Complexity – A Different Approach for leaders | WEF

Colin Henderson

Managing Complexity: A Different Approach with Benjamin Zander markets do not speak in human tongues lessons in art, and music in communication The Art of Possibility – book everything can be viewed two ways – positive or negative possibility = luck or possibility = the norm both are available to everyone – it is a deliberate choice Two shoe salesmen in th 1800’s sent to Africa;  #1 – no opportunity they don’t wear shoes.  #2 – glorious opportunity – no-one has shoes it is not the circumstances that are crucial – it is the choice of how we speak about … Continue reading Managing Complexity – A Different Approach for leaders | WEF

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Wen Jiabo, Premier of the State Council of China is speaking right now at the WEF |live blog (via video)

Colin Henderson

Wen Jiabo, Premier of the State Council of China is speaking right now at the WEF. Wen Jiabao (simplified Chinese: 温家宝; traditional Chinese: 溫家寶; pinyin: Wēn Jiābǎo; Wade-Giles: Wen Chia-pao) (born 15 September 1942) is the Premier of the State Council of the People’s Republic of China, leading the country’s cabinet. He began with a bit of a lecture on western excesses of over-consumption.  He goes on to speak of China’s approach to the crisis. need balance between consumption and saving balance between regulation and innovation challenges in China and business environment Shrinking demand overcapacity difficult business conditions unemployment rising … Continue reading Wen Jiabo, Premier of the State Council of China is speaking right now at the WEF |live blog (via video)

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The difference between good and evil – welcome to the new world order of finance

Colin Henderson

It may seem a petty matter, but the Cit Jet issue is now officially a fiasco.  This follows on the expulsion of John Thain for the famed $87,500 carpet. In both cases the common thread is that no amount of rationalisation can make the matter right.  The rationalisation goes that the purchase was executed months or years ago and represented commitments that must be honored.  In the case of the Citi jet if was further rationalised that they had sold two other jets and those funds almost made up the $50 million for the new one.  Classic MBA / finance … Continue reading The difference between good and evil – welcome to the new world order of finance

Business Models

Reintermediation underway for banking, will offer some improved opportunities for banks

Colin Henderson

In this investment commentary, B. B. & T a $137 Bn bank based in the Carolina’s is quoted talking of the re-intermediation of banking deposits. In particular he speaks of the return of deposits back into the deposit system – deposits that had existed to mutual funds and other vehicles outside of normal banks.  he points out other non banks did not have the reserve requirements of banks so were able to undercut banks on rates, and he sees that situation returning to be in the Banks’ favour.  Its an interesting perspective on what has and is happening. Raymond James … Continue reading Reintermediation underway for banking, will offer some improved opportunities for banks