21st Century Global Financial System of Market Economy

In the 21st Century currently existing Global Financial System lead by US and other Most Developed Nations (incl. China) and managed by the Parish Club, WTO, IMF and the World Bank must change their approaches to appreciate the most recent developments of chronically becoming indebted World, in which except for a very few countries and market as China and India, most of the rest Most Developed Economies as US and GB, Developing Countries as Spain, Portugal and Greece, and Undeveloped Countries as Bulgaria, Rumania and many South American Countries , Asian and African Countries are greatly indebted or very underdeveloped. A Central Banking System is needed to control the global "demand-to-supply" balance by being able to issue capital, instead of the current global financial system which performs more as a "lender".

There have been many indications that the process of running fiscal shortages for many countries can not be reversed by using current Economics of Production based "trickle-down" Capitalism, because the Production based Economics is generally founded on industrial production that adds the highest percentage to any country GDP (General Domestic Product) and the consequential fiscal reserves for a country or a market to develop most definately such country following the economics of production must industrialize, or for an industrialized country such must keep being globally competitive in industrial production to maintain intact its deficiency. The Globalization of the market place propelled by the great Capitalization and the Rising Productivity have boosted the economies of China and now India to industrialize rapidly, that industrial power added very much to the current industrialized economies of Japan, Germany, US capacity by how the Global industrial production capacity overall is coming to a point of great concentration of such industrial production into a very few industrialized economies. The possibilities for other small or even big countries to become competitive in industrial production and maintain their fiscal policies and reserves in tact are diminishing.

From the Most Industrialized Economies US is particularly vulnerable under these new Global developments of ungoing exodus of industrial production and capital investment to the Far East. The Capitalism of US Economics is very inept in distributing and redistributing Wealth so to speak the "demand" side of Capitalism correlates the "supply" and works well in a close marketplace in size of US market when "trickle-down" capital first "trickle -up "to concentrate wealth then comes" down "to create industrial production, but than when" trickle-down "does not go to the US market but to elsewhere the shortage of consumption can not be avoided, following in not properly balancing" demand -to-supply ", thus, to avoid economic catastrophes US Government steps up with infusing capital into the system: exactly what happened at the last Great Recession of 2007-2009.

Also in time of narrowing ROI (Return Of Investment) particularly for SME (Small & Medium Enterprises) and from the SMI (Small & Medium Investors), in time of Governmental policies promoting and tolerating pro Big Business and Big Investors deregulated "trickle- down "Capitalism which were mostly the only ones benefitting from the ongoing globalization, the possibilities in such times for occurrences of Economic Bubbles are quite common. The 1999 Stock Exchange Bubble and the 2007 Great Recession are products of designated lack of Wealth Distribution. Thus become obvious that the Government in situations like that step into actions by infusing capital, save even individual businesses and prompt social distribution: The Healthcare Reform, the Finance Reform, and the US SME Tax Reform are good examples how the system in distress works, although the consequences are up to be seen. It is hard to believe that the US Government could consistently manage the economy and create business. In the Next Recession the Government will appropriate more function in financing and business that overall is a scary preposition having in mind how inflexible and inept a Government could be.

Environmental pollution and Earth extraction of resources under the current production economics based on industrial production mainly is unavoidable, because when even most developed industrial nations could introduce and follow policies of protecting the environment, or even the developing nations of China and India follow up which is highly doubtful, there are many countries that will try to manage their fiscal shortages by compromising the rules for Environmental protection so that they can bring to their soil industrial production. In the World of ROI mostly from Industrial Production the prices of Environmental protection technologies are making businesses very competitive to others that do not implement these. Pollution also comes from cutting and burning woods to farm or from heating with coal, or from driving old autos, or from dispose sewers into open rivers. So to speak, without curbing on the Global poverty can not be ways to curbing on pollution. But to curb on poverty industrialization can not be used so the possibilities for saving the World from Environmental disaster by using industrial production are very unlike.

To avoid multiple economic crashes and upheaval, to avoid the Government take over when next recessions, to avoid fiscal shortcomings and deficit, unemployment and poverty, to avoid environmental destruction a new system of economies is needed, one that will allow countries to develop without being industrialized.

Is it possible to manage global development without using current production based economics system?

  • Well the most recent US and any Governments' infusion of monetary quantities, business involvement and social distribution of wealth is not based on production economics.
  • The Chinese approaches in handling Economy is not production based only economics: their interference in the ways "trickle-down" capital works in the marketplace does not follow Capitalism but is more-like "artificial" flexible usage of economic "tools'.
  • The Greece bailout by the EU and IMF is not "trickle-down" economics; it is an interference with the powers of the Capitalism.
  • There are many more examples of how Governments and organization interfere with freely flowing capital and there before using "artificial" methods of economics.

At the moment he mounting debt accumulated by almost any country in the World horrific economists and they predict imminent bust-and-doom (there was a suggestion by some German politicians to Greece to sell some Greek islands, but then funds has been approved help Greece ). Although economists should be horrified only from high imbalance of "demand-to-supply" ratios, which imbalance provokes inflations and deflations; that should be the largest concern to the Global Financial Institutions instead these are fighting defit and debt: these institution as mentioned above are acting more-like a "lender" then a "controller" these should be. If the Global marketplace is seen in its vastness as a common marketplace a mass industrialization should not be expected and can not be achieved therefore. Thus, for balancing "demand-to-supply" ratios, the Monetary Policies should be used instead industrializing the entire Earth. Comprehensive Monetary Policies by Global Financial Institutions flexibly using Monetary Quantities as Economic "tools" and Business and Financial Regulations as enhancing business "security" are "the way to Rome" only.

Less governmental involvement in business, more business laws and regulations on business contracting, business and project bonding, intellectual properties' laws, risk management personal liability laws, and etc, these the supplements to an appropriate Monetary Policies: because these "regulatory" actions will strengthen SME and SMI "security" and make these much more adequate to be funded.

Low interest rate financing and subsidies are economic "tools" to be used by a Global Financial System in promoting environmentally friendly renewable energies and agriculture, environmental tourism and sustainable growth. This new financial system must use commercial banks to invest in countries on project by project basis on set matrix and low margin.

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© Joshua Konov, 2010

Categories of Ethical Dilemmas in Business

First published in Exchange, the magazine of the Brigham Young University School of Business, the following twelve categories were developed to cover the root or cause of most ethical business dilemmas that one might encounter in their jobs. I have summarized them to keep them short and simple.

1. Taking Things That Don’t Belong To You

Everything from taking highlighters from the storage room, to sending personal mail through the mailroom, to downloading unauthorized games to play on your work computer fall into this category. A CFO of a major corporation took a cab from the airport to his home in the city. When he asked the cabbie for receipt, he was handed a full book of blank receipts. Apparently this dilemma of accurately reporting business expenses involves more than just one employee.

2. Saying Things That You Know Are Not True

When a car salesperson insists to a customer that a used car has not been in a previous accident, when it has, an ethical breach has occurred. When a clerk in a store assures a customer that a product has a money-back guarantee, when only trade-ins are allowed, another ethical violation occurred (and perhaps a violation of the law).

3. Giving Or Allowing False Impressions

There is an urban legend in which 2 CD’s were being sold on a TV infomercial that claimed that that all the hits of the 1980′s were on the CDs. The infomercial emphasized over and over again that all songs were performed by the original artists. When they received the CDs, upon closer inspection, they found that all songs had been covered by a band called The Original Artists. While technically true, the impression given by the infomercial was false.

4. Buying Influence or Engaging in Conflict of Interest

When a company awards a construction contract to an organization owned by the brother of the attorney general, or when a county committee who is charged with choosing a new road construction company is traveling around the state looking at roads at the expense of one of the bidders, a conflict of interest arises which might affect the results of that choice.

5. Hiding or Divulging Information

Failing to divulge information from the results of a study on the safety of a new product, or choosing to take your companies proprietary product information to a new job are examples that fall into this category.

6. Taking Unfair Advantage

Have you ever wondered why there seem to be so many product safety rules and procedures? It is primarily the result of laws passed by government institutions to protect the consumer from companies that previously took unfair advantage of them because of their lack of knowledge or through complex contractual obligations.

7. Committing Acts of Personal Decadence

Over time, it has become increasing clear that the acts of employees outside of work can have a negative effect on a businesses image. This is one of the primary reasons companies are minimizing social interactions or events, outside of the office, so that drug or alcohol related events can not be tracked back to the company.

8. Perpetuating Interpersonal Abuse

At the heart of this category of ethical misbehavior is the abuse of employees through sexual harassment, verbal lashing, or public humiliation by a company leader.

9. Permitting Organizational Abuse

When an organization chooses to operate in another country, it sometimes butts up against social culture in which child labor, demeaning work environments or excessive hours are required. It is at this point that the leaders of the company have a choice…whether to perpetuate that abuse or alleviate it.

10. Violating Rules

In some cases, people or organizations violate rules to expedite a process or decision. In many of these cases, the results would have been the same regardless, but by violating the rules or required procedures for that outcome, they can potentially scar the reputation of the organization they work for.

11. Condoning Unethical Actions

Suppose you are at work one day and you notice that a colleague of yours is using petty cash for personal purchases and fail to report it. Perhaps you know that a new product in development has safety issues, but you don’t speak out. In these examples, failing to do right creates a wrong.

12. Balancing Ethical Dilemmas

What about a situation that would be considered neither right, nor wrong? What should be done here? Should Google or Microsoft do business in China when human rights violations are committed daily? Sometimes an organization must balance the need to do business with any ethical dilemmas that might arise from doing business.

Platinum Wedding Bands Part 1

It is not necessary to know all about platinum to pick out a platinum wedding band but knowing the price of platinum will obviously help.

This is the first of a three part series on platinum wedding bands. Firstly lets get familiar with what platinum is.

Platinum is a metal that melts at double the temperature of gold so it is very hard and strong. It is also quite rare. In fact so rare that all the platinum in the world currently would likely fit in your living room and it takes about ten tones of ore to refine one ounce of platinum.

Platinum is associated with wealth due to its rarity and so now you get, platinum cards, platinum awards in music and the like.

Platinum jewelry should be at least 95% pure. Gold jewelry does not usually have that degree of purity. Only gold coins and gold bars have a purity of 9.99 percent hopefully. America, platinum jewelry contains either 90% or 95% pure platinum. By comparison, 18 carat gold is 75% pure and 14 carat is 58% pure gold.

Platinum is very distinctive and hard wearing. It does not tarnish or lose its rich white luster. It tends to be twice the cost of gold also.

Platinum jewelry made in America should contain either 90% or 95% pure platinum and platinum jewelry marked "IRIDPLAT" contains 90% platinum and 10% iridium. When marked "PLAT," an item is at least 95% platinum, with 5% Ruthenium. In Europe, platinum is identified by the following marks: 950 or PT950.

Platinum has been used throughout the centuries The ancient Egyptians used platinum. The American Incas also, and it has been used by royalty and famous jewelery houses such as Faberge, Cartier and Tiffanies for years so Platinum is an ideal precious metal for wedding bands.

In part two of Platinum Wedding Bands we find out how to select a platinum wedding band and what to watch out for.

Part 2 of Platinum Wedding Bands is available on http://platinum-price.org

5 Marks of a Great Content Management System

The functionality and appeal of your CMS website rests on your ability to select the best content management system for your needs. There are a lot of big names competing for attention as well as some smaller names that have great promise to become big names. This means lots and lots of choices for those who want to design CMS websites.

To make the selection process a bit easier, consider five tell-tale marks of a great content management system:

#1: You don’t need an IT crew on staff to install the CMS.

Installation is where some of the less effective content management systems fail. If a user cannot figure out how to get the system installed they start to wonder if they will be able to actually use the system once it is installed. The best content management systems will be very easy to install even if the IT guy isn’t down the hallway.

#2: The backend must be very easy to use.

This may be debatable for some people, but in most cases the backend of a CMS website should be incredibly simple to use. Most people using a CMS don’t know HTML code or don’t want to waste time messing with code. This means they are looking for a very simple system that allows them to add to, tweak and change their websites without getting into complicated procedures.

The simpler the backend is, the better suited a CMS will be to those who don’t know how to completely code a website for themselves. This is important if you are designing websites for consumers who don’t know much about web design. The easier the backend is for them to maneuver, the fewer calls of frustration the designer will receive after the product is in the hands of the client.

#3: The CMS should offer templates that are relatively easy to modify.

The great thing about designing a CMS website is the ability to easily modify templates to come out with the perfect website for a given client. You should be able to take a template and make changes so it matches what you want your site to be or what a client wants their site to be. If the modification is too difficult or not possible, then the CMS fails to live up to its main purpose.

#4: A great CMS will allow easy manipulation of extensions to extend the functionality of the CMS website.

If you can’t add extensions, you can’t get the most out of your CMS website. The best content management systems will make it easy to work with extensions so you can create the perfect website with any template.

#5: There should be some form of community or support service where help in the design process can be found.

Finally, make sure the content management system you select has some type of support where you can ask questions and get the opinions of others familiar with the system. This rules out some very small or new content management systems that are still in the developing stages, but it might also rule out some of the bigger guys that don’t necessarily have valuable support communities.

All of these marks identify content management systems that are easy to use. That is essentially the purpose of creating a CMS website. They are just easier to use and much faster to work with than a website designed on basic HTML code.