...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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...UNIFORM POLICY I, ______________________________________________, being employed by D.A.F.S TRANSPORT acknowledge TRANSPORT supplies me with uniform/s specific to my position. I understand: a. Home care and cleaning of the uniforms will not be an option because of the potential damage this might cause the uniform’s material and chemical treatments, b. The soiled uniforms must be turned in weekly for maintenance to a delivery point as designated byRANSPORT, c. In exchange for the delivery of soiled uniforms I will receive a clean set of uniforms weekly d. I will wear the uniform at all times when performing assigned tasks as an employee oT. I also acknowledgS 60 DAY uniform probation. A fee for cleaning will be deducted weekly this is to ensure proper care of the uniform’s during my employment as well as the return of all issued uniforms at the end of my employment. If I terminate employment and do not return all issued uniforms, the resulting cost charged to T by its uniform provider a large fee will be deducted from my final paycheck. If I return all issued uniforms in a condition acceptable to the uniform provider, I will not be charged for the uniforms. During my probationary period I will be issued temporary FRC coveralls. Should my employment terminate with the company, I will return the issued FRC coveralls in an acceptable condition. I agree to all terms and conditions of this agreement and recognize this agreement is subject to change or modification...
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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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...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 societies...
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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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...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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...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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...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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...Rodriguez Wednesday 1pm Class October 15, 2013 Week 3 Fashion Article Summary – Burberry/Apple Apple has done it again. Not only have they recently released the much anticipated, fashion forward, iPhone 5c and 5s, but also they have managed to recruit Burberrys own CEO Angela Ahrendts. The worlds of high fashion and technology have officially collided. This is quite an accomplishment not just for apple, but for the fashion industry as well. Having someone as powerful and trendsetting as Ahrendts take the position of senior vice president of retail and online stores at apple can make a major impact on the fashion industry since we are always expanding with the use of technology. Apple, who has been without a retail head for almost a year now, has hired Ahrendts for her outstanding skills and work of digital marketing in the prominent British Fashion House. They are hoping to boost up online retail sales since they have not been doing as well as they hoped in this department for a while. Since Burberry is categorized as a luxury brand, she has gotten very involved in the digital aspect of the trademark. Burberry has a transactional website and an extreme amount of online engagement. This all benefits Angela when taking on her new role at apple. It is said that Christopher Bailey, who is currently the creative director, will be taking on the position as CEO as well as creative director of Burberry. The company is not worried about its future and is happy for Ahrendts and her...
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...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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...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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...PROJ 1194 Winter 2014 Tara Dickenson Assignment 9.1 – Positive Re-enforcement At the beginning of November I had been tracking the delivery of a certain coil required for a product for our customer. The coil’s delivery date was Friday, December 19th, however it did not, nor did it arrive the following Monday. To further add, the original buyer who placed the PO for the coil was on holidays; so I was left dealing with their backup. The backup person is competent, but not familiar with the coil supplier. When the coils had not arrived by Tuesday morning, I sat down with the backup buyer, gave them all of the details and asked them to look into the status of the delivery. Based on the backup’s reaction, I was not expecting very much effort to be made. Later that afternoon, the backup buyer called me. He apologized for how long it had taken for him to get back to me and then that the coils would be arriving the next day. He then went on to say that it was a chore to chase the coil down and it resulted in him talking to 7 or 8 various people from the supplier, the shipping company and our receiving department. It sounded like he had quite the challenge from the supplier, but eventually spoke to the correct person and received the desired information. After thanking the backup individual, I hung up the phone and realized that this was a perfect opportunity to do some ‘positive re-enforcement’. I walked over to his boss’ office and asked him to come with me to...
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...FASHION MARKETING - BURBERRY 1- Overall Context The year 2014 has been a huge turning point for Burberry with Angela Ahrendts leaving the company and with Christopher Bailey taking over major roles as the Chief Creative and at the same time the new CEO of the company. As the annual revenue grows more as a result of a stronger Burberry under the undeniable leadership of past and current CEO’s Rose Marie Bravo, Angela Ahrendts and Christopher Bailey, the company is moving upward as it embraces the innovations and new challenges of the current times. Burberry still revolves around its values and identity of keeping the brand unified, strengthening its origin and history, emphasizing on its british legacy by creating a strong focus on its core product which is the trench coat in which Burberry is famous for, building a stable structure amongst its internals and employees which provided a venue for employees both recent and veteran to grow and maximize their potentials and capabilities, and to become a forward thinking brand by adapting and even innovating to the growing changes of modernity and digital technology. As Burberry now grows with operation for more than 200 stores, hitting its revenue more than double from 2006 and obtaining a growing number of more than 11,000 employees, through its new leadership under Bailey, Burberry is not pacing down as the brand strengthens its core to provide a complete customer experience. Burberry’s products are divided into Accessories...
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...Leadership Qualities of Angela Ahrendts There was once a young girl who had five siblings, created her personal bedroom by utilizing a closet under the stairs, sewed her own clothing and even hand dipped her own candles. Though this may sound like a fairytale character’s story, this is actually a description of Angela Ahrendts’ youth. But these seemingly disheartening facts about her childhood years haven’t left Angela scathed. If anything, along with her religious convictions, they form the roots of a humble attitude and positive personality which have enabled Angela to catapult the success of Burberry and now land an opportunity as Apple’s Retail Chief. Angela has said of joining the creators of the IPhone, IPad, MacBook Pro, Apple OS X Mavericks and now IPad Air “I am profoundly honored to join Apple in this newly created position next year, and very much look forward to working with the global teams to further enrich the consumer experience on and offline. I have always admired the innovation and impact Apple products and services have on people’s lives and hope in some small way I can help contribute to the company’s continued success and leadership in changing the world” (The Business of Fashion). From this seam stitching, spool twirling, remarkably stylish and astoundingly talented leader, there is much to be learned. Angela Ahrendts Leadership Qualities: Energy: If there’s one thing other than her title that has garnered Angela attention and respect, it’s her belief...
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...skills approach focuses on the ability to use one’s knowledge and competencies to accomplish a set of goals and objectives. In 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...
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