...RIZVI INSTITUTE OF MANAGEMENT STUDIES & RESEARCH WEEKLY NEWSLETTER 16 October – 22 October 2010 MMS – A MONEY MATTERS US Federal Reserve understates inflation According to the influential US investor Jim Rogers, US government inflation data is "a sham" and is causing the Federal Reserve to vastly understate price pressures in the economy. The US central bank uses inflation data that relies too heavily on housing prices, Rogers told the Reuters 2011 Investment Outlook Summit, and he criticized the Fed's $600 billion bond-buying program. ET, 8 Dec 2010 Angela Merkel rebuffs IMF call to raise euro zone fund German Chancellor Angela Merkel rebuffed IMF call on Monday for a bigger euro zone financial safety net or joint euro bonds, as finance ministers of European Union appeared split on how to stem the 16-nation currency area's debt crisis. Yahoo News, 8 Dec 2010 YES Bank in strategic partnership with National Collateral Management Services Limited YES Bank, India's new age private sector bank, entered into a strategic partnership with National Collateral Management Services Limited (NCMSL), a major agri-infrastructure player, for collateral management and warehousing services. Yahoo News, 9 Dec 2010 Banks raising high cost funds to tide over liquidity crunch Faced with tight liquidity condition, banks have started offering high interest rate of 9.5 per cent on certificate of deposit (CD). Currently, the rates of CD are varying between...
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...German Defence Minister Karl-Theodor zu Guttenberg has stepped down after he was found to have copied large parts of his 2006 university doctorate thesis. Mr Guttenberg, considered until recently a possible candidate for chancellor, has already been stripped of his PhD. He told a news conference that it was "the most painful step of my life". Tens of thousands of German academics have written to Chancellor Angela Merkel complaining about his conduct. The plagiarism scandal led to him being nicknamed Baron Cut-and-Paste, Zu Copyberg and Zu Googleberg by the German media. But Ms Merkel had continued to stand by him, with her party facing three state elections later this month. Mr Guttenberg told reporters in Berlin that he was relinquishing all his political offices and he thanked the chancellor for her support, trust and understanding. "I must agree with my enemies who say that I was not appointed minister for self-defence, but defence minister," he said. "I was always ready to fight, but have to admit I have reached the limit of my strength." A 39-year-old aristocrat popular with the electorate, Karl-Theodor zu Guttenberg is a member of the Christian Social Union (CSU), the Bavarian sister party of the chancellor's Christian Democrats. He came under pressure after a Bremen University law professor began reviewing his 2006 thesis with the aid of the internet. Reports emerged of a passage from a newspaper article that featured word for word, and then of a paragraph...
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...Leadership Evaluation and Philosophy: An Appraisal of Angela Merkel’s Leadership during the Euro Crisis and My Leadership Philosophy Kelly Bullard BSN RN Grand Canyon University: MGT 605 October 8, 2014 This dissertation will discuss Angela Merkel’s Leadership style and ethics during the Euro crisis. It will also compare Angela Merkel’s leadership style to servant leadership style. It will also describe how servant leadership may or may not change the outcomes of the Euro crisis. In the closure of the dissertation, I will discuss my own leadership philosophy. Angela Merkel Angela Merkel is the Chancellor of Germany. Last fall, she was elected to her third term as chancellor of Germany, making her one of the only two European Union leaders that survived the economic crisis (The Guardian, 2013). Angela Merkel was named by Forbes in 2014 as the most powerful women in the world (Forbes, 2014). Angela Merkel’s leadership style is pragmatic and methodical (The Guardian, 2013). Anne Applebaum (2013) states “She reigns. She doesn’t tell people what to do, she doesn’t give orders, and she isn’t bossy or pushy. She doesn’t throw Germany’s weight around or make demands. She simply sets parameters, and then lets everybody else make ‘choices’ themselves.” Merkel’s leadership style is prudent, democratic, and modest. Merkel prefers discussion, deliberation and consensus (Zeeb, 2013). The Germans call her “Mutti” (mummy), because she understands what her country wants...
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...communicate with. Naturally if we can't seem to understand another person, don't agree, or practice what they do we find people who we do have similarities with. As we are a multicultural nation, priding this country on its diversity, we still stick to our own sub-cultures within the larger culture. In order for people to communicate effectively, there must be steps to take so that we can assure another individual or group doesn't become ostracized. In order to begin this process we need to develop a better strategic flexibility (Hybels, S. 6). There are many factors that go into a multi-culture adapting to each other, but we cannot allow full ignorance and laziness to take over. In the article The multicultural cult, German chancellor Angela Merkel has said "multiculturalism has utterly failed." She goes on to give examples of why it has done so, including taking one group of poverty stricken people and placing them in an area of middle class, thinking they would strive or be better off there. The government didn't realize that without some form of adaptation, this wouldn't and hasn't worked. Instead the people who were placed there didn't know how to adapt to the in place cultural system. This lack of cohesiveness and confusion has only lead to unsuccessful complications, "in countries around the world, and over the centuries, peoples with jarring differences in language, culture, and values have been a major problem and, too often, sources of major disasters for the...
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...The signs of greater confidence in the economic and equity outlook lend an upbeat tone to this week’s five-day gathering in Davos, Switzerland of 2,500 executives, policy makers, investors and academics. Delegates include German Chancellor Angela Merkel and European Central Bank President Mario Draghi, both of whom won praise in the poll. Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd Blankfein and billionaire investor George Soros will also be there. “There’s a great sense of relief we dodged a lot of bullets in 2012 -- we didn’t go off the fiscal cliff in the U.S., Europe didn’t have a meltdown and China didn’t have a hard landing,” said Nariman Behravesh, chief economist at IHS Inc. (IHS) in Lexington, Massachusetts, who will be in Davos. “There are definitely pockets of good news with recoveries in North America and parts of Asia gathering momentum.” U.S. economic activity picked up across much of the country last month, boosted by automobile and home sales, the Federal Reserve said on Jan. 16 in its Beige Book survey of business conditions. U.S. Effect The improvement in the U.S. is having a “positive effect throughout the world,” according to Sriram Srinivasan, chief executive officer of Wall Street Investment Management in Chantilly, Virginia, and a poll respondent. The global economy is in its best shape since May 2011, according to the survey, with 35 percent of those contacted saying it is getting better. That’s about twice the number who say the...
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...Tiffany Prill Challenges of Leadership Leadership Book Analysis Modern World Leaders- Angela Merkel The person chosen for this leadership report is Angela Merkel. I read “Modern World Leaders-Angela Merkel” written by Clifford W. Mills. Being born in Berlin, with my pride in being German, as well as being a female with my own leadership ambitions, I felt Angela Merkel was a perfect fit for me. Gaining knowledge on the leadership style from one of the most powerful and influential women in the world, while also learning the values and beliefs my country is grounded on, I find Angela Merkel to be extremely interesting leader to study. Angela Merkel (born Angela Dorothea Kasner), was born in Hamburg, Germany on July 17, 1954. Angela was raised in East Germany where she later received Associates degree in 1973. Shortly after, she enrolled to the Karl Marx University where she later met and married Ulrich Merkel.She graduates with a bachelor and continues onto her PhD in Science at the Central institute for Physical Chemistry of the Academy of Sciences in Berlin. By 1986 she received her PhD which is also the same year she goes back to West Germany for the first time since she was baby. It was the many years in West Germany, full of communism and hardships, that taught Merkel how strong and powerful government could be. Merkel was determined to use power to serve the people not use it to control them. Rather than telling them what they wanted hear, she told them what to...
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...Europe must not close the doors of their borders to Syrians migrants. The immigration crisis in Syria, to been the more large humanitarian crisis in Europe since the Second World War. But, why are there so many emigrants from the Syrian country. In general the expansion of the Islamic State, religious conflict - the Muslims that Sunni exceeds 70% of the 18 million inhabitants of the country. The Alawi and Shia that they account for more than 10%. Completing the picture Christians (especially Orthodox, 10%) and minorities such as the Druze -.and the pressing economic situation - caused by massive privatization and adjustments demanded by the International Monetary Fund, caused that it will shoot unemployment, exacerbated by the uncontrolled increase of the population: 2000 Syrians were 18 million and in 2005, 21 million - are some of the responses. But the more relevant is the civil war that there is in Syria. Since the beginning of the war in Syria at the beginning of the year 2011, there have been more than 12 million Syrians who have migrated from their country. Consequently this serious humanitarian situation has been repeated for many years, every day becomes more intense and in 2013 was already 60,000 people who launched this risky adventure, to arrive at the figure of most of 210,000 in 2014 that have sought refuge in any country that accepts them receive, asked that today is almost impossible. Up to December 2015, more than one million people had come in Europe, of...
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...Leadership Analysis: Angela Merkel Introduction Angela Merkel was born on July 17, 1954 to a Lutheran pastor and teacher in Hamburg, in what was then West Germany. When her father received a post at a church in East Germany, the family relocated across the border. Merkel would spend much of her childhood travelling freely between the two separated nations, as a result. School Life & Early Political Inclinations After an education in Templin, Merkel went on to study physics from 1973 to 1978, then studied Chemistry at the Academy of Sciences in Berlin-Ladreshof from 1978-1980. In addition to receiving a doctorate for a thesis on quantum chemistry, she became fluent in Russian and published several chemistry papers. Most East German youth took part in the Free German Youth movement, a socialist-based youth movement that sought to indoctrinate children to East Germany’s political system. She would also represent the FDJ in her secondary years as a member of the group’s district board. Political Life With the fall of the Berlin Wall in 1989, Merkel stepped into a full-time role in politics, becoming the deputy spokesperson for the Lothar de Maiziere pre-unification government. Post-reunification, she herself was elected to the Bundestag as a representative of her East German district, Stralsund-Nordvorpommern-Rugen, which she would represent until her ascendancy to the Chancellorship. From that point, she served in ministerial positions, including Minister...
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...This dissertation will discuss Angela Merkel’s Leadership style and ethics during the Euro crisis. It will also compare Angela Merkel’s leadership style to servant leadership style. It will also describe how servant leadership may or may not change the outcomes of the Euro crisis. In the closure of the dissertation, I will discuss my own leadership philosophy. Angela Merkel Angela Merkel is the Chancellor of Germany. Last fall, she was elected to her third term as chancellor of Germany, making her one of the only two European Union leaders that survived the economic crisis (The Guardian, 2013). Angela Merkel was named by Forbes in 2014 as the most powerful women in the world (Forbes, 2014). Angela Merkel’s leadership style is pragmatic and methodical (The Guardian, 2013). Anne Applebaum (2013) states “She reigns. She doesn’t tell people what to do, she doesn’t give orders, and she isn’t bossy or pushy. She doesn’t throw Germany’s weight around or make demands. She simply sets parameters, and then lets everybody else make ‘choices’ themselves.” Merkel’s leadership style is prudent, democratic, and modest. Merkel prefers discussion, deliberation and consensus (Zeeb, 2013). The Germans call her “Mutti” (mummy), because she understands what her country wants and makes sure her country gets it (Zeeb, 2013 & The Guardian, 2013). Angela Merkel is a no nonsense leader that is well respected. Merkel and the Euro Debt Crisis The European sovereign debt crisis...
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...money earmarked for the project amounted to unfair subsidy-something stringently forbidden by European law.Observers stated Quearo main aim as being cultural and political,rather than commercial. 2.2 Google in Germany In 2000,Google launched the google.de domain.In Germany,Googles free e-mail came under the court scanner.One of German-born venture capitalist insisted that Google had infringed on his trademark registration of G mail.Whats more,In 2006,Under the new government,the Germans did not officially commit to the Quaero project. The decision which with another form of cooperation between German and French underscored the difficulty of cross-border projects,mostly because of the personal differences between project managers.Part of the problem is talk of a European challenge to Google exaggerated expectations. In Germany, Google's email was brought to the attention of the courts. A German nationalist insisted Google had infringed on his trademarked registration of the name G mail. He won. Google quit using the term G mail and began google mail. In 2006 Angela Merkel became chancellor of Germany. Under the new government, the Germans didn't officially sanction Quaero. In January 2007 they pulled out to set up their own program named Thesues. They did say there would be cooperation like work...
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...Al-Qaeda making comeback in Iraq, officials say BAGHDAD (AP) — Al-Qaeda is rebuilding in Iraq and has set up training camps for insurgents in the nation's western deserts as the extremist group seizes on regional instability and government security failures to regain strength, officials say. / Iraq has seen a jump in al-Qaeda attacks over the last 10 weeks, and officials believe most of the fighters are former prisoners who have either escaped from jail or were released by Iraqi authorities for lack of evidence after the U.S. military withdrawal last December. Many are said to be Saudi or from Sunni-dominated Gulf states. Teenage School Activist Survives Attack by Taliban At the age of 11, Malala Yousafzai took on the Taliban by giving voice to her dreams. As turbaned fighters swept through her town in northwestern Pakistan in 2009, the tiny schoolgirl spoke out about her passion for education — she wanted to become a doctor, she said — and became a symbol of defiance against Taliban subjugation. / On Tuesday, masked Taliban gunmen answered Ms. Yousafzai’s courage with bullets, singling out the 14-year-old on a bus filled with terrified schoolchildren, then shooting her in the head and neck. Two other girls were also wounded in the attack. All three survived, but late on Tuesday doctors said that Ms. Yousafzai was in critical condition at a hospital in Peshawar, with a bullet possibly lodged close to her brain. Israel's Benjamin Netanyahu calls for early elections JERUSALEM...
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...multiculturalism in Britain has literally failed, because Britain has become one of Europe’s most active bases for terrorists’ spots. One of David Cameron’s biggest statements from his speech is that he claims that the main roots of this terror-problem is that because of multiculturalism has encouraged segregated communities where Islamic extremism can live and live separated lives, apart from each other. One of the problems is also that very religious people live by their own rules and faith, because of their holy scriptures and their religion, that they are having a hard time sticking to the law, democracy, human rights and social integration, because they are guided that much about their faith. He shares these attitudes with Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France. One of David Cameron’s main arguments is that the racism or discrimination is mutual....
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...terms of these competencies, the skills approach identifies three particular competencies that are related to strong leadership which include: technical skills, human skills, and conceptual skills. In terms of these competencies, Angela Merkel has demonstrated strong qualities, made influential decisions, been elected through a public election process, and received numerous accolades that indicate she has a high level of proficiency and effectiveness in all three aforementioned competencies associated with the skills approach. The leadership competency of technical skill can be defined as the knowledge about and proficiency in a specific type of work or activity, and involve a hand-on activity with a basic product or process within an organization (Northouse, pg 44). In terms of politics, the technical skills necessary involves knowledge of foreign policy, an ability to effectively negotiate with other leaders and unions, and also an ability to enact effective policies for the area one governs. Angela Merkel is a prime example of the skills approach in relation to technical skills because of the fact that her successful tenure as the Chancellor of Germany was precluded by a late involvement in politics. As was previously mentioned, Chancellor Merkel did not become involved in any kind of politics until the age of 36. Thus, she had to learn and acquire the aforementioned technical skills necessary to become a successful political leader. A testament to her proficient technical...
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.... Golda became the Prime Minister of Israel on March 17 , 1969 . She went through crisis , because in the first months of being Prime Minister were known as the Suez Crisis which was known as the Arab-Israeli War . Later in the years she recieved an award that was known as Israel because of her special contribution to society and the State of Israel . Golda Meir death was on December 8 , 1978 of lymphati cancer in Jerusalem at age 80 and was buried in Mount Herzl in Jersalem . German Chancellor Angela Merkel was born on July 17 , 1954 in Hamburg , West Germany. Angela Merkel is a German Politican and Chancellor of Germany . Merkel became Chancellor of Germany on November 14, 2005 after the coalition deal was approved by both parties at a party conference. As a German Chancellor she was well described as the ' de facto ' leader , her priorities was strengthening economic relations , and international trade agreements. Later during in her career things were getting difficult because in 2006 Angela expressed concern about something called the overreliance on Russian energy , she recieved a little support from others in Berlin. She got the through her obstacles she had become the only leader every G20 meeting since the very first in 2008 . ...
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...High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/cecb7f00-18f7-11e3-bdb6-00144feab7de.html#ixzz2eNQ5SmLl The Chinese economy found its feet in August, with inflation remaining subdued as exports rose more than expected, giving a rosier outlook for the second half of the year. Consumer prices rose 2.6 per cent from a year earlier, just a touch below July’s 2.7 per cent pace, the statistics bureau said on Monday. Inflation is unlikely to pass the 3 per cent threshold in 2013, leaving it well within the government’s comfort zone and beneath its official “upper limit” of 3.5 per cent. * * * * More ON THIS STORY * Comment China will stay the course on growth * China manufacturing hits 16-month high * Europe urges China to cede business control * China’s Li says Asia can fend off risks * Chinese ship transits Northeast Passage ON THIS TOPIC * Watches & jewellery Made in China * Soft demand puts thermal coal near 2009 low * Beijing’s rice subsidies buoy imports * More NZ milk products under scrutiny IN CHINESE ECONOMY * China’s debt in charts * China’s consumers take eagerly to credit * Investment hangover hits Chinese groups * Video China’s debt addiction The data follow...
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