Over two million people crowded the streets of Paris on Thursday, in protest of President Nicolas Sarkozy’s recent inaction in light of increasing unemployment. Job loss in , according to the , was the final straw in a string of incidents that have decreased Sarkozy’s popularity exponentially in recent months. Critics, including dissenters within his own party, are calling for his removal. In a nation where people depend largely on the “welfare state” to take action, little is being done.
globalEDGE Blog - Page 299
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When the economy is bad, it is the time for economists to shine! During the annual meeting of American Economic Association this year, economic recovery and market restructuring became the central topics among the attendees, among whom included five Nobel economic laureates.
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The average Frenchman works about 18 hours per week, the average Italian – close to 17. Even
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In the near future, Mountain View, CA. based Google is planning to introduce the GDrive. What this device will do is allow the user to access their personal files and operating system from any internet connection. So, in essence, no more data loss from crashes, no need for flash drives, no need for storage space on emails, etc. Sounds pretty convenient, right? It's affordable as well. With the release of the GDrive, consumers will no longer need to purchase bulky desktop computers, or purchase additional storage space. All the storage will be done on Google’s servers. Seattle based Amazon.com also offers a similar service called the Simple Storage Service - in both the United States and Eurpoe. And we can probably expect more of these services to appear in the future.
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We all know the internet is a crucial place to do business globally, especially for a small company. It takes lots of time and money to develop in-house tools, and also makes it harder to connect with international partners. is a great post from the Mashable blog, detailing the best web-apps that can help your business venture succeed. Let us know which ones you like best!
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A couple months ago, we posted our very first gE blog series on . One of the topics we had discussed was the growing ease of not only starting a business, but also expanding your reach internationally due to increased access to computer and information technology. The internet in particular is a key development in this respect.
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The days of flaunting wealth through exorbitant purchases have come to an end, thanks to the global economic recession. As companies cut back and global business activity declines, the demand for private jets has dropped sharply. A host of buyers from , the , the , and are second-guessing the necessity for an expensive private jet. The decline has jet manufacturers such as ’s Bombardier Inc. and 's Embraer S.A. scrambling to adjust their business models amid mass cancellations and declining orders.
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The world is shifting at an incredible pace. This video provides some shock value by showing just how dramatic some of these shifts are. Enjoy!
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The travel industry is certainly not recession proof. As more and more people lose their jobs, and as others worry about theirs, many people are being cautions and choosing to stay home and avoid traveling too much. However, the fact that people still value their holidays remains. In a survey by CheapTickets.com and SmartMoney.com people ranked travel as the second leisure activity they still try to afford.
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In today's tough economic climate, many small businesses are worried whether or not they will survive. If the future isn't looking bright, you may want to give exporting another look. A variety of factors make now a better time than ever:
- A weak dollar means, relative to the field, your products are on sale.
- Depression? Not everywhere in the world! Look to other markets to fill in for slumping domestic demand.
- Is your product seasonal? Look to a different hemisphere to fill in off-season sales.