Wednesday, May 18, 2011

18 May 2011






Dateline: 18 May 2011

IMPORTANT: Axiom Strategy Advisors, LLC, has instituted its business continuity plan in response to the Mississippi River flood threat to Southeast Louisiana. As such, should AxSA suspend or modify its normal business operations in the potentially affected area, the consultancy will make every effort to give advanced notification of the changes, via email, to its clients.

AxSA Factoid of the Week

The disability trust fund provided by Social Security is in turmoil. At the turn of the century, there were roughly 6 million recipients of benefits averaging $1,064 per month, but by 2010, the number of recipients passed ten million. In Texas alone, where on 25 million Americans now live, the number of recipients moved up by 85%. The cumulative national burden means that new taxes must be enacted, or that the disability fund must be allowed to tap the more secure retirement fund, lest the disability fund will be exhausted with four to seven years.

News & Commentary

Crisis on the Mississippi

Rising Mississippi May Take Toll on Businesses

The Times-Picayune

The threat of flooding has significant consequences on many of the heavy-industry sectors of South Louisiana…Read More


USDA to Pay for Flood-damaged Crops in Atchafalaya Basin

The Daily Advocate

More than 15,000 acres of crop are forecasted to be impacted…Read More


Insurers Face $2 Billion in Mississippi Flood Claims

Global Reinsurance

The federal government faces over $500 million in flood claims from homeowners…Read More


Flooding Hinders Shipping on the Mississippi River

The News Star

As flooding continues along the river, millions of dollars in commodity and chemical deliverables are being upended. Expect a pricing impact across the broader economy…Read More

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Management

What’s a Strategic Business Partner, and Can I Be One?

Forbes

Human resources managers can play a big role in an organization’s performance and direction…Read More


How to Make a High-stakes Decision

Harvard Business Review

Every so often, we must make decisions that can reshape our professional lives. Here is one way to process those decisions…Read More


What LeBron James and the Miami Heat Teaches Us about Teamwork

Fast Company

Last night notwithstanding, the Miami Heat has seemed like an unstoppable team. Their composition of dedicated, high performers provides a formula for success for any organization…Read More

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Finance

Entrepreneur’s Tweets Sparks Fight with Angels

Reuters

After tech-startup founder Matt Mireles questioned the experience of one angel investors, others immediately began to flock to the latter’s defense…Read More


Another Digital Gold Rush

Economist

Are we witnessing the start of another tech bubble? Read More

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Economics

Top Myths on the U.S. Debt-ceiling Crisis

Financial Post

Bernanke and Geithner warn that a failure to raise the debt ceiling will be “catastrophic”, but Drunkenmiller and Buffet are not inclined to agree. Who is right? Read More


Shrinking Supplies Mean Good-bye Used-car Bargains

Wall Street Journal

Supply factors and changes in consumer demand have helped to bump up the prices of used cars by as much as $3,000…Read More

AxSA Recommends




Book Description:

As the economic giants of Asia and elsewhere have awakened, Western leaders have increasingly struggled to maintain economic stability. The international financial crisis that began in 2007 is but one result of the emerging nations’ increased gravitational pull. In this vividly written and compellingly argued book, Stephen D. King, the global chief economist at HSBC, one of the largest banking groups in the world, suggests that the decades ahead will see a major redistribution of wealth and power across the globe that will force consumers in the United States and Europe to stop living beyond their means.

The tide of money washing in from emerging nations has already fuelled the recent property bubble in the West, while new patterns of trade have left the West increasingly dependent on risky financial services. Unless things change drastically, King argues, the increasing power of emerging markets, when coupled with poor internal regulation and an increasingly anachronistic system of global governance, will result in greater instability and income inequality, accompanied by the risk of a major dollar decline. And as Western populations age and emerging economies develop further, the social and political consequences may be alarming to citizens who have grown accustomed to living in prosperity.

To view one of Dr. King’s speeches on this book, click here.


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