We are in waiting for the nine hundred pound gorilla residing in congress to pay our debt. We elected him to office. However, economies of the world must share in that indignity. He sits in the house chambers absently picking at the remnants of a constituency that has little regard for legislation. We wait for him to ratify a continuing resolution to release monies for our debt owed. This large primate has a lack of understanding of how the inability to act influences economies large and small, countries and households. The longer they delay in paying our bills, the more our good name as the financial haven of last resort is tarnished.
The friendly but inflexible ape is rapidly becoming an obstruction in the global economic machine. In our current financial universe of wealth builders, borders become invisible. When one player defaults, it tips other financial centers and exchanges into a financial oblivion. It is a place never visited before – because our bills are always paid. While many political pundits will attempt to down play the importance of the nine hundred pound gorilla. He has a crucial impact on global economies. They do so because of their lack of understanding of how interconnected global wealth behaves. Every minute of every day, exchanges and banks transact borrowing for daily operational cost of businesses. Payrolls, manufacturing of goods, transportation all require monies borrowed and lent across sovereign borders. Let us forget, for a moment, the actual wealth of our country. Understand that our truest value lies in our good name. Living within an echo chamber of partisan rhetoric, fiscal leaders are unwilling to view how their decisions influence that good name. The United States is the globe’s nominal wealth haven.
All of our circulating wealth is built on full faith that there is a stern support stratum of liquidity. Should faith be shaken the act of borrowing money daily to do business becomes expensive. The effects of congress not paying our bills ripple throughout the pond. This will affect the mother on public welfare. It affects the economics of the storeowner on Main Street. He will suddenly see an increase in his lending rates. The grocer hikes the price of meat and vegetables. Dock owners see freight sitting on docks waiting to be offloaded. Trucks sit at weigh stations and cartage companies experience a loss in shareholder wealth. Foreign investment becomes problematic because the gorilla is seen as not allowing normal fiscal policy to behave smoothly. The longer the silver back sits in complacency in the assembly hall of congress. The larger the problem in the real world becomes. We are all dependent on Congress’ successful navigation of its fiscal responsibilities.
In an objective perspective, perhaps when a sovereign is singular and the democratic process is absent. In this case, the ruler can pivot on the influence of a few well-paid SMEs – not a group of bickering politicians. The alternative is attempting to understand how a nine-hundred pound gorilla thinks.
While erotica eBook sales contributed greatly to the swelling electronic book revolution. It heralds new pathways to achieving extreme profitability amongst publishing heavies like Barnes & Nobel, and Amazon. Heads up, PwC sees nothing but increased revenue in eBook sales for the foreseeable future. Nevertheless, the list of the top ten publishers worldwide has not changed. The same big players in traditional and eBook publications are still the main hawkers in the sport of making lots of money in print media. Add the fact that trending global demographics spell new sources of disposable incomes. Advance emerging markets and small e-commerce businesses are becoming streams of important revenue gains. How important?
In the first quarter of 2012 adult eBooks showed an increase in sales of 28.16%. That translated into a quarterly income of $282.3M. The numbers of e-Readers purchasing erotica and romance genres are swelling and the participating demographics are changing.
E-Readers are taking the embarrassing out of sensual reading. Dare we say that Anne Rice has taken ownership of her Beauty’s Release? The reformatted cover and updated version now available for eBook readers is enjoying a rare comeback. In an effort to stem the growing tide of unsanctioned erotica Amazon, PayPal, Pinterest and others, are attempting to find their “censorship” voices. Can we say 50 Shades of no?
In this new medium for entertainment, consumer driven demand will dictate how this genre will be made available. Globetrotters, vacationers and daily commuters will be purchasing the latest and greatest in electronic readers. It makes that long airtime shorter when you can entertain yourself with a 100 Shades of Grey.
Smaller publishers in e-commerce are growing. They are still reliant on the services of the deep-pocketed Amazon to help in selling, or PayPal to act as transaction merchant. Nevertheless “censoring” what constitutes safe erotica, is like corralling wild horses after the fact. Technology is changing global senses of self-awareness. Availability and expansion of varied genres will challenge traditional value systems. Therefore how and what we read will alter socializations. This all translates in enhanced e-commerce profits for those brave enough to test new waters.
Donning the mantle of director in chief of how smut will be smutted in a morphing global society will be a challenge. New markets will emerge and new providers will be there to fill neglected niches. They will become the centers for erotica and romance memes, which is rapidly becoming billion dollar businesses. The quest for sensational titillation will not be denied. As taste for casual reading evolves, the discoverer of the next E L James will win the day and future profits. Giant global e-commerce business has its’ eyes on the rear view mirror. Jeff Bezos is already priming the consumer for new upgrades to Kindle
When explaining the Russian economic future it usually is accompanied by a symphony of crickets. The sovereign’s unraveling began long ago during the cold transition to capitalist industries. The journey was far from smooth. Although few western sovereigns can boast total equality in wealth and upward mobility, in this respect Russia falls to last in line. Wealth settled “”upward” among the already rich and politically elite rather than trickle down to create a supportive middle class. Changing a nation’s mindset to embrace a price system for government owned and operated businesses is very ambitious. A lesson China needs to study.
Leaders like Vladimir Putin have busied themselves attempting to create a hybrid economy based on an oligarchy of rich cronyisms. Criticisms of western cultures have only highlighted Putin’s inability to grow a once rich economy. Its current economics is being influenced by political leadership stuck in the age of Gorbeshev and Primakov.
The GDP or Gross Domestic Product of Russia has ticked down to 1.2%. This benchmarks a steady decline since 2011. It is in stark contrast to her rapid ascent following a recovery after the Great Financial Meltdown of 2008 and 2009.
Fall off in the demand of oil exports is the biggest headwind Putin’s Russia faces. Global warming agendas are moving rapidly towards lower per capita usage of fossil fuels. With the advent of increased demand for shale oil, the price of Russian oil has become a bungee cord.
Currently facing the threat of recession, one of its largest customers Syria is being impacted by domestic wars. This leaves Russia with a troubled consumer that she cannot afford to lose. Putin’s sovereign’s major exports are oil and the related machinery necessary to drill, refine and produce. Their largest trading partner, the European Union is also struggling under the yoke of failing economies and diminution in the value of their sovereign funds, with the exception of Germany
In addition, the recent generous gains in the S&P markets have neglected Russia. Russian market value has weakened indicating another loss in sovereign liquidity and investor confidence. Even though Russia’s wealth is dependent on a finicky oil market, she is still a major player on the global stage. However, the influences of the political process can shape market value.
Russia’s social policies are running decidedly against worldly opinion, as reflected in the Russian Winter games. Security for LGBT athletes during the Sochi Olympics has not been definitively settled. The face of social politics a country chooses to present to the world will influence pesky market predilections. Something the American Congress failed to understand.
While immolating his rival Russian President Vladimir Putin often delivers harsh criticisms of the United States. This may be an indication of wanting to covet her successes.
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Thoughts of creating economic autonomy are a common thing, for the rich and poor. On the face of maintaining extreme wealth, economic parity seems to abandon rights of the indigent. The ethics created for laborers are bought and sold by transnational governments, in their efforts to controlled commerce. It is easier to control laws regulating pliable governance when you have ownership of fiscal policies.
On a continent the size of Africa, with seemingly limitless natural riches, venture capitalists are gifted with the Midas touch. While South Africans still stagger under a trade deficit, Chinese government owned mining companies are stripping the country bare by the billions. The mining of rich ore has become the Mecca for those minions looking to gain a marginal life on meager wages and poor labor practices. The wealth created and passed along to local governance contributes little to fair and equal opportunities for the majority of the poor black populace. Yet in mere seconds, he or she is in danger of breaking a law. In the case of Zimbabwe and its relationship with China, mining operations are producing extreme wealth. China has become the grand toolmaker of governments. Therefore, it is important to know something about the Sino/African relationship that will land you in jail.
1. If you find yourself on the wrong side of the ruling party, becoming an active participant in the election process, this could mean a sizeable amount of jail time. A hapless voter found this out in the recent elections in Zimbabwe. The over eager rants in support of his candidate near a polling center, landed him a five-year jail sentence. “Indigenization” has become an important word to describe the growing disparity between black economics and the political economics that China’s wealth has bought to that country. It was in China’s interest to maintain Mr. Robert Mugabe’s reelection. His success at the polls cemented yet another Sino/African relationship.
2. In South Africa organizing or participating in demonstrations for fair wages and better working conditions can mean jail time. Sino African mine laborers work under horrendous environs and human abuses. Poorly treated black South Africans are increasingly participating in demonstrations for fair wages and better working conditions.
3. Anyone suspected of homosexual acts has earned a right to jail time in South Africa’s economies. Despite being the only country with a gay right clause included in its Bill of Rights, “corrective rape” practices have become a common occurrence. Archbishop Desmond Tutu led the fight to ratify human rights law that addresses gay homosexual abuses stating, “That people’s sexual nature is fundamental to their humanity”.
It is important to understand when sojourning in South Africa that there are things you should know that will earn you jail time.
People cross borders leaving their home countries for many reasons, but usually it’s motivated by the absence of pathways to thrive. It has always been so. Many of the comforts, prosperity and diverse cultures that compose the United States of America have come as a result of immigrants to our shores. Every sovereign in the world, rich or poor, can boast this same event. An example of when migrants were welcomed to the shores of America was during the aftermath of World War II. This was perceived as a “brain gain”. In this moment southern Europe is experiencing the hardest lesson to be learned during an economic failure, a “brain drain”.
Southern EU is losing its educated youth to stronger economies like Germany, whose employment market suffers under a deficit of skilled labor. Work visas have increased as steady dribbles of economic refugees move to a better place. This steady flow of border crossers seeking a better life will increase in the years that follow. Most of these people will never return to their homelands. Time is the enemy of sovereigns struggling to mend broken economies, and those in need of bread and butter relief cannot wait. German leadership, unlike their American counterparts, is almost in universal agreement that responsible immigration policies are monetarily righteous.
In a Der Spiegel article a major component to why Germany will gain the most in the coming decades is the following,
“And the German government? Yet again it is on the winning side. It not only enforces its rigorous view of austerity policies in the EU, but also harvests the ‘fruit’ — young skilled workers hungry for employment that companies here in Germany are desperately searching for. They also give companies here a real advantage because they can cherry pick the very best skilled workers from the growing pool of jobseekers without having to undertake costly qualification programs. The situation could hardly be any more grotesque.” Read more…
This political mind set is merely smart domestic policy. Those social pundits that ignore the absence of sound economic logic pay little service to the populace they claim to serve. In America the phraseology is carefully crafted for those that harbor isolationist sentiments. Hushed tones of fear generated to appease some outmoded concept of political purity has given way in the EU to the cold reality that structural unemployment will kill any economy. Germany has not only thrived under a fiscal policy that embraces a sound monetary system, but has learned to ignore its own isolationist voices. To embrace responsible immigration is merely an intelligent approach to sovereign prosperity.
Besides, the undocumented have contributed to making great nations…ours included. To marginalize rather than integrate both skilled and unskilled labor is simply economically inefficient. To ratify that increase in income will only swell coffers with badly needed tax revenue that will help assuage a liquidity trapped country. Is there ant-immigration in Europe? Perhaps, but it is not evident in government labor practices.