Tag Archives: companies

China Industrial Companies’ Profits Climb a Fourth Month

By Bloomberg News

Chinese industrial companies’ profits rose for a fourth month in December, adding to signs the country’s economic rebound is gaining momentum.

Net income increased 17.3 percent from a year earlier to 895 billion yuan ($144 billion), the National Bureau of Statistics said today in Beijing, after a 22.8 percent jump in November. Earnings for the full year gained 5.3 percent.

Industrial profits may rise by an average 30 percent this year as the world’s second-biggest economy recovers from a seven-quarter slowdown, businesses start restocking and export demand improves, Standard Chartered Plc forecasts. Expansion in gross domestic product may accelerate to 8.1 percent this year from 7.8 percent in 2012, according to the median of 44 analyst estimates in a Bloomberg News survey this month. …

Read more » Bloomberg
http://www.bloomberg.com/news/2013-01-27/china-industrial-companies-profits-climb-a-fourth-month.html

The 50 most innovative companies in the World: No Canadian companies on the list.

Traditional companies getting in on the innovation push

BY TAVIA GRANT

It’s not just Apple and Google. Auto makers, industrial companies and old-fashioned conglomerates are now some of the most innovative companies in the world.

Tech and telecom firms still dominate Boston Consulting Group’s annual ranking, to be released Thursday, taking seven of the top 10 spots. But turbulence in their sector means many – including Waterloo, Ont.-based Research In Motion – have tumbled out of the global top-50 list while traditional companies such as General Motors and Siemens are gaining ground.

Innovation – or successfully creating value out of new ideas – is a big buzz word these days. It pays off, as the most innovative companies tend to see sustained, above-average returns. More executives are moving innovation higher up on their priority list to drive growth, especially given that most have completed cost cuts, and that mergers or acquisitions are too expensive.

“One of the big untapped value drivers is to dramatically increase rates of organic growth – and that leads to innovation,” Andrew Taylor, partner and manager director at Boston Consulting, said in an interview.

Canadian companies are notably absent from the top-50 list, after RIM tumbled out of the ranking. Innovation is a broader challenge in Canada; in its most-recent assessment, the Conference Board of Canada gave the country a “D” grade, saying Canada remains below average in its capacity to innovate. ….

Continue reading The 50 most innovative companies in the World: No Canadian companies on the list.

Preying on Poverty: How Government and Corporations Use the Poor as Piggy Banks

by Barbara Ehrenreich
Individually the poor are not too tempting to thieves, for obvious reasons. Mug a banker and you might score a wallet containing a month’s rent. Mug a janitor and you will be lucky to get away with bus fare to flee the crime scene. But as Business Week helpfully pointed out in 2007, the poor in aggregate provide a juicy target for anyone depraved enough to make a business of stealing from them.

The trick is to rob them in ways that are systematic, impersonal, and almost impossible to trace to individual perpetrators. Employers, for example, can simply program their computers to shave a few dollars off each paycheck, or they can require workers to show up 30 minutes or more before the time clock starts ticking.

Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest. When supplemented with late fees (themselves subject to interest), the resulting effective interest rate can be as high as 600% a year, which is perfectly legal in many states.

It’s not just the private sector that’s preying on the poor. Local governments are discovering that they can partially make up for declining tax revenues through fines, fees, and other costs imposed on indigent defendants, often for crimes no more dastardly than driving with a suspended license. And if that seems like an inefficient way to make money, given the high cost of locking people up, a growing number of jurisdictions have taken to charging defendants for their court costs and even the price of occupying a jail cell. ….

Read more » Common Dreams

Balochistan is an occupied land, Balochs don’t allow IPI on its soil – Hyrbyair Marri

The Baloch nation will not allow IPI gas pipeline to pass through Balochistan: Hyrbyair Marri

Excerpts;

….Mr Marri said “we would like to make it clear to all international companies that we consider Pakistan as an occupying state that is why until regaining their independence the Baloch will not accept any agreement made with Pakistan about the fate of Balochistan. Neither can the Baloch give any guarantee for the protection of anyone’s wealth in the occupied land of Balochistan that helps make Pakistan and Iran’s strategy stronger but weakens the Baloch liberation struggle.” However, after freedom the Baloch state, for the Baloch interest, will be willing to allow and guarantee all International Companies in a competitive environment to spend their wealth in Balochistan, he added.

Hyrbyair Marri said that Pakistan cannot hoist it’s flag in Balochistan and the so called national anthem of Pakistan is not played in schools, in these circumstances how Pakistan can guarantee the protection of the wealth of other countries. He has also categorically rejected Pakistan’s claim that Pakistani top officials had contacted the Baloch pro-freedom leaders to join the so called mainstream Pakistani politics. Mr Marri said “Our stance is crystal clear to the world and to the Baloch Nation that we have no historical, linguistic and cultural ties with this state [Pakistan]. We have not accepted this state since its coming into being, similarly the state by its violent actions have proved that Balochistan is an occupied territory.” ….

Read more » BALOCHWARNA

Military-Owned Businesses Pose Unique Corruption Risks

By Samuel Rubenfeld

Businesses owned by militaries around the world pose unique corruption risks to the sectors in which they operate, a new report found.

The report, released Thursday by Transparency International’s U.K. Defence and Security Programme, looks at how military-owned businesses are structured, what the inherent corruption risks are for these firms, and why and how the countries have made reforms to their military-owned companies.

“Once the military begins to engage in economic activities, it is often difficult to end such practices. In most situations, corruption becomes rampant and a major problem which (sic) harms the state and the national economy as well,” the report said.

Introducing a profit motive into the military increases the chance for distraction, the report said. Looking at case studies in China, Indonesia, Turkey and Pakistan, the report found that distraction often leads to outright graft, and in the more extreme cases that manifests itself in the form of embezzlement of state funds, tax fraud and even brutal coercive practices on workers. …..

Read more : The Wall Street Journal

Most of the leaders of third world countries on sale, but Pakistan’s ruling elite is exception & it is very lower level satrap and slave

ANALYSIS: Schamlosigkeit! — Mir Mohammad Ali Talpur

….. Here, our easily purchasable politicians and bureaucrats do not hesitate to barter away their souls and, in Reko Diq’s case, the asking price is not their souls but the easily dispensable rights and future of the Baloch people.

The rights of the Baloch people seem inconsequential to the centre and they flout them with brazenness. Recently, Balochistan Assembly Speaker Mohammad Aslam Bhootani minced no words and exposed the immense pressure being put on them by the Prime Minister’s House to allot 70,000 acres in the environs of Hingol National Park to Arab princes for rest and recreation. He emphasised that the Balochistan government had earlier refused this land to a federal security institution because of the local people’s opposition. The Arab princes would do well to remember that in Balochistan they will not enjoy the tranquillity that Cholistan offers because here the people will definitely resist their unwanted presence.

Sheikh Khalifa bin Zayed Al-Nahyan, president of the UAE, alone has been allotted hunting permits in Zhob, Ormara, Gwadar, Pasni, Panjgur and Washuk districts. Pakistan is a signatory of the UN Bonn Convention on migratory species, which protects the endangered Houbara Bustard. But expecting respect for ‘bird rights’ where ‘human rights’ suffer immeasurably is infantile fantasy.

The Arab royalty have also been granted tax exemptions for all their property and imports for hunting purposes. The Federal Bureau of Revenue (FBR) clarified that “similar exemptions were also given to the United Nations, charitable organisations and diplomats”. The Arab rulers certainly qualify as ‘charitable organisations’ for the rulers and politicians here. They give them asylum and plead their case with the US.

The Pakistani politicians and the establishment are very fragile and vulnerable to pressures as is amply proved by the WikiLeaks or rather the ‘Wikitorrents’ that they have turned into. WikiLeaks certainly threatens to sweep away many a reputation and career around the world except perhaps in Pakistan and the Middle East where phenomenally shameless unashamedness or Schamlosigkeit exists as a unique quality in the rulers and establishments; the worse the reputation, the better are the chances of success.

The respect that the Arab princes and rulers accord to the rulers and politicians here is apparent from the choice epithets used for them in WikiLeaks. Some are considered dirty but not dangerous and others are dangerous but not dirty, and yet these shameless people go grovelling to their liege lords like serfs and subjects.

These rulers and politicians and the establishment sacrifice self-respect for material benefits; they cannot be expected to stand up for the rights of the Baloch people over their resources and land. And, moreover, because the Baloch do not expect them to protect their rights, they will resist Tethyan and the Arab princes’ encroachments on their land and resources in the same way that made, in spite of the huge military presence, Amoco Oil Company give up oil exploration in the Marri area in 1974.

To read full article : Daily Times

The writer has an association with the Baloch rights movement going back to the early 1970s. He can be contacted at mmatalpur@gmail.com