Tag Archives: economics

Eureka: Creativity is hard work without rigidity by Akli Hadid

Something I noticed about the South Koreans is that they tend to be incredibly rigid until their business or team starts losing by alarming margins. That’s when, just as a technical knockout is about to be called, they tend to lose their rigidity and come up with creative plans to reemerge.

creat01_400As a coach I don’t really have rules for my team. A few guidelines, but no rules. You can check your phone all you want, you can chew gum, you can take toilet breaks, you can rest if you’re tired, you can talk with your teammates, take a nap, play music videos or use four letter words. What I want is those bad habits to gradually and naturally disappear, rather than policing my ten commandments for being the perfect team member. I don’t yell off the top of my lungs “thou shalt not use your phone during training sessions.” I let the guy or girl use their phone, or chew gum, or use four letter words, I don’t praise them for doing that, then one day at lunch I might tell them ‘is there a specific reason for you to use your phone so much?” Gradually my team members stop using their phone, stop chewing gum and stop playing music videos for their teammates to watch.

The advantage of not forcing myself on such small annoying habits is that on the playing field the team tends to play consciously on the field. They know there’s no right answer as to who to pass the ball or project to. They know they will need to improvise, to play by ear, to feel the chemistry around them while they’re on the field.

Read the whole article in Ovi Magazine, HERE!

Leave a comment

Filed under economy

G8 and the financial reform

The leaders of the G8 major industrialised nations have agreed to hold a summit with other states to discuss global financial reform. They have also agreed to reopen world trade negotiations that collapsed earlier this year.

The move follows a call by UK PM Gordon Brown, ahead of an EU summit in Brussels, to rebuild the IMF to help regulate the world’s financial systems. Meanwhile shares fell across the world amid fears of recession.In a joint statement, the G8 leaders said that changes had to be made to the “regulatory and institutional regimes for the world’s financial sectors to remedy deficiencies exposed by the current crisis”.

The amazing thing about them is that they expect the people who have nothing to do with all this mess to pay in the end. These G8 are the ones who control and created this financial disaster ignoring as usual the needs of the simple people, all they care for is the …stock holders!!!

Leave a comment

Filed under economy, politics

Indonesia pushes up fuel prices

The Indonesian government has raised fuel prices by nearly 30%, prompting fears of widespread unrest.

Several hundred students protested against the move, clashing with police at Jakarta’s national university. More than 100 people were arrested. The government is struggling to meet the cost of fuel subsidies as global oil prices escalate.

But it has put into effect a cash handout scheme worth $1.5bn to try to cushion the effect for the most needy. Malaysia is also considering overhauling its subsidy system, and Taiwan has decided to end a freeze on petrol prices in June.

They don’t have enough rice and now they will lose the oil?

Leave a comment

Filed under economy, politics

Desperate times need desperate measures

Markets from New York to Tokyo have recorded heavy losses in reaction to the emergency bailout of US investment bank Bear Stearns over the weekend. In New York the Dow Jones Industrials tumbled 194 points, more than 1.5%, in early trading before recovering. London’s FTSE 100 index was down 2.7%, in Paris the Cac 40 slumped 2.9% and Frankfurt’s Dax fell 4.1%. The Bank of England on Monday made an extra £5bn ($10bn) available for UK banks to borrow to ease credit fears.

The money was five times over-subscribed. Meanwhile, on the markets US, UK and European banks were hammered; Lehman Brothers fell 30%, UBS lost 13%, HBOS 10% and Commerzbank fell 7.9%. Investors are worried that the collapse of Bear Stearns, one of Wall Street’s biggest names, is a sign that the credit crunch is getting worse and lending might seize up.

They’ve been talking about the crisis coming for years and it seems that they always do something to save the day the very last moment. What remains is to see what they are going to do this time and which time they will be …too late! That’s why they take desperate measures all the time and I hate these doom-day scenarios but the same time it is amazing how much our lives, our everyday lives are connected with the stocks and these markets!

Leave a comment

Filed under ovi magazine