Why You Should Carry Other People’s Business Cards With You
Surely, if you are in business, you are in the habit of carrying your business cards with you wherever you go. After all, you never know who you will meet, and when you meet people, you never know who that person is or who that person might know. With a healthy stack of business cards in your pocket or pocketbook, you are always ready to pass the card along to someone who might become a future client or customer. But while most people in business know the benefits of carrying business cards with them, and practice this sound business practice without any problems, far fewer businessmen and businesswomen ever think to carry around business cards that belong to someone else. The practice of carrying around business cards that belong to others can be extremely beneficial; here are a couple reasons why.
As a businessperson, you understand that any conversations with strangers are golden. Every opportunity to talk to someone you do not know just might be the exact opportunity you have been looking for. But if a stranger thinks that you are starting a conversation with them strictly to sell them something, they are likely to be turned off. Naturally, people are protective of their money; they don’t want to talk to you if they think you’re trying to get some of their money in your pocket! But you have a pocket full of safe conversation starters at the ready when you have others’ business cards. Perhaps you will overhear someone in a shop in the mall, talking about how they need a plumber. With your favorite plumber’s business card stashed away in your wallet, you are ready to jump into the conversation. “Excuse me, but I heard you say you need a plumber; here, take this business card – it’s for the guy we use on our house; we have always been really happy with his work!” In this way, you have opened conversation without trying to sell them something of your own. The conversation is sure to cycle back around to you, and to what you do for a living.
Also, people are inclined to remember someone who helped them out without any promise of something in return. You are sure to unload one of your own business cards once the conversation comes back around to you. And you will have yourself a new customer the next time something arises in this person’s life that you might be able to help with.
This might seem like a small step in improving your business, but you never know what “small step” might turn into your next big thing.
http://www.makingmoneymaverick.com/?p=8
Showing posts with label business cards. Show all posts
Showing posts with label business cards. Show all posts
Wednesday, June 15, 2011
Tuesday, March 1, 2011
Story of a bad business that gamed Google's search system
Story of a bad business that gamed Google's search system
Posted: Friday, January 7, 2011 12:00 am
Story of a bad business that gamed Google's search system
By Kim States
Since its inception in 1912, the Better Business Bureau (BBB) has stood for trust in the marketplace. We’ve staked our reputation on making the case to businesses that they do well by doing good. That is, if businesses approach their consumer interactions with honesty, both businesses and consumers will be better off.
Unfortunately as technology advances, unscrupulous businesses sometimes figure out ways to temporarily game the system. The New York Times reported of one such example in late November about how an online eyewear retailer, based in New York, had purposefully been garnering online customer complaints in an attempt to appear higher in Google’s search results.
The article focused on a New York consumer who conducted a Google search for her favorite brand of eyeglasses, and at the top of the search page, just below Google’s paid advertisements, she found a company called DecorMyEyes.com. The consumer placed an order for a pair of designer eyeglass frames, and prescription contact lenses for a cost totaling several hundred dollars.
According to the Times article, the next day a representative from the company called the consumer saying they had run out of the merchandise she ordered, and told her she had to pick a different brand of contact lenses. The consumer told the Times that when she told the caller she wanted a refund, not different merchandise, he became rude and demanded she choose something else, and refused to give her a refund.
The article went on to detail how in her attempt to get her money back, the consumer was allegedly threatened repeatedly, sometimes with physical violence, by an employee of the company. The consumer told the Times the experience was “one of the most maddening and miserable experiences of her life.”
At first glance, you would think this was just a case of a dishonest company trying to cheat a consumer out of their money, but as it turned out the hostility towards the consumer was actually part of a calculated strategy. Not only was the company trying to avoid issuing a refund to the consumer, they were purposefully trying to get the consumer to write a negative complaint on one of the numerous online complaint boards.
DecorMyEyes.com’s strategy was simple. An online message board post, that the Times says was written by DecorMyEyes.com’s owner Vitaly Borker, says the company’s goal was to create negative buzz about the company all over the Internet, because the more online attention the company received, positive or negative, the higher the company would appear in Google’s search results, consequently channeling more unsuspecting consumers their way.
As it turns out, the New York consumer’s experience with DecorMyEyes.com was not unique; consumers on multiple Internet complaint boards reported similar experiences with the company. BBB serving Metropolitan New York has received 306 complaints against the company in the past three years, and 285 of those complaints have been left unanswered.
For consumers who research companies they find online, the complaints undoubtedly would have acted as more of a deterrent to doing business with DecorMyEyes.com. Unfortunately many do not, and companies like DecorMyEyes.com have been able to bully consumers out of their merchandise, and out of their money.
Fortunately this story has a positive ending for consumers and honest businesses everywhere. The week after the story ran in the Times, Google announced, in a blog post titled “Being bad to your customers is bad for business,” they were making significant changes to their search algorithm, so it will now detect “the merchant from the Times article along with hundreds of merchants” that, in Google’s opinion, “provide an extremely poor user experience.”
The fact that Google acted so quickly to address the problem with their search algorithm to lock out less than honest companies indicates that even in the wide-open business landscape the Internet has created, ultimately, to do well financially, businesses still must do well by their customers.
Whether commerce is taking place online or at a traditional brick and mortar business, trust is absolutely necessary for a marketplace to function properly. Dishonest companies may be able to game the system for a while, but at the end of the day, businesses can only do well by doing good.
http://www.insidetucsonbusiness.com/news/small_business/article_ef8edc02-2369-56b0-ab25-01eb3bee956b.html
Posted: Friday, January 7, 2011 12:00 am
Story of a bad business that gamed Google's search system
By Kim States
Since its inception in 1912, the Better Business Bureau (BBB) has stood for trust in the marketplace. We’ve staked our reputation on making the case to businesses that they do well by doing good. That is, if businesses approach their consumer interactions with honesty, both businesses and consumers will be better off.
Unfortunately as technology advances, unscrupulous businesses sometimes figure out ways to temporarily game the system. The New York Times reported of one such example in late November about how an online eyewear retailer, based in New York, had purposefully been garnering online customer complaints in an attempt to appear higher in Google’s search results.
The article focused on a New York consumer who conducted a Google search for her favorite brand of eyeglasses, and at the top of the search page, just below Google’s paid advertisements, she found a company called DecorMyEyes.com. The consumer placed an order for a pair of designer eyeglass frames, and prescription contact lenses for a cost totaling several hundred dollars.
According to the Times article, the next day a representative from the company called the consumer saying they had run out of the merchandise she ordered, and told her she had to pick a different brand of contact lenses. The consumer told the Times that when she told the caller she wanted a refund, not different merchandise, he became rude and demanded she choose something else, and refused to give her a refund.
The article went on to detail how in her attempt to get her money back, the consumer was allegedly threatened repeatedly, sometimes with physical violence, by an employee of the company. The consumer told the Times the experience was “one of the most maddening and miserable experiences of her life.”
At first glance, you would think this was just a case of a dishonest company trying to cheat a consumer out of their money, but as it turned out the hostility towards the consumer was actually part of a calculated strategy. Not only was the company trying to avoid issuing a refund to the consumer, they were purposefully trying to get the consumer to write a negative complaint on one of the numerous online complaint boards.
DecorMyEyes.com’s strategy was simple. An online message board post, that the Times says was written by DecorMyEyes.com’s owner Vitaly Borker, says the company’s goal was to create negative buzz about the company all over the Internet, because the more online attention the company received, positive or negative, the higher the company would appear in Google’s search results, consequently channeling more unsuspecting consumers their way.
As it turns out, the New York consumer’s experience with DecorMyEyes.com was not unique; consumers on multiple Internet complaint boards reported similar experiences with the company. BBB serving Metropolitan New York has received 306 complaints against the company in the past three years, and 285 of those complaints have been left unanswered.
For consumers who research companies they find online, the complaints undoubtedly would have acted as more of a deterrent to doing business with DecorMyEyes.com. Unfortunately many do not, and companies like DecorMyEyes.com have been able to bully consumers out of their merchandise, and out of their money.
Fortunately this story has a positive ending for consumers and honest businesses everywhere. The week after the story ran in the Times, Google announced, in a blog post titled “Being bad to your customers is bad for business,” they were making significant changes to their search algorithm, so it will now detect “the merchant from the Times article along with hundreds of merchants” that, in Google’s opinion, “provide an extremely poor user experience.”
The fact that Google acted so quickly to address the problem with their search algorithm to lock out less than honest companies indicates that even in the wide-open business landscape the Internet has created, ultimately, to do well financially, businesses still must do well by their customers.
Whether commerce is taking place online or at a traditional brick and mortar business, trust is absolutely necessary for a marketplace to function properly. Dishonest companies may be able to game the system for a while, but at the end of the day, businesses can only do well by doing good.
http://www.insidetucsonbusiness.com/news/small_business/article_ef8edc02-2369-56b0-ab25-01eb3bee956b.html
Sunday, January 9, 2011
Wednesday, October 20, 2010
Five Biggest Mistakes That Entrepreneurs Make
Five Biggest Mistakes That Entrepreneurs Make
http://www.youtube.com/watch?v=GpolR6n0tY0&feature=player_embedded
The 4 Success Secrets of Entrepreneurs that Anyone Can Do
http://www.youtube.com/watch?v=yhoVmLNSxew&feature=related
http://www.youtube.com/watch?v=GpolR6n0tY0&feature=player_embedded
The 4 Success Secrets of Entrepreneurs that Anyone Can Do
http://www.youtube.com/watch?v=yhoVmLNSxew&feature=related
Wednesday, September 29, 2010
Cyber Bullying
Cyber Bullying
In Our Connected Digital Age Bullies Have a New Weapon With Which to Torment Their Targets
Home sweet home is no longer a sanctuary into which victims of bullying can escape their tormentors. Bullies can now stalk their prey after school hours long after their targets have gone home.
Social isolation, public humiliation and malicious gossip have long been the stock in trade of bullies. With the the advent of modern communications such as email, chat, text messaging and cell phones as well as the ability to publish online on websites, blogs and social networking sites such as Facebook and MySpace making their message instantly available to millions, the bully's reach and powers of social manipulation have been increased exponentially.
Parents are well advised to pay close attention to how this new threat can impact their children. We have already seen too many cases of children subjected to a cyber bullying attack who have been so traumatized that they have committed suicide as a direct result.
"Bullycide" is the term that has been used to describe suicides caused by relentless bullying. "Cyberbullycide", to coin a phrase, would describe someone driven to suicide following a cyberbullying attack.
In the book Bullycide In America: Moms speak out about the bullying/suicide connection, compiled by Brenda High, the story of Jeffery Johnston serves as a warning to other parents about cyber bullying.
Jeffrey's mother Debbie Johnston writes,
"A bully doesn’t have to be eye to eye to bully someone. Sometimes he or she gets into cyberspace, and then there’s no place to hide from their torment.
With the keyboard as his weapon, the bully violated the sanctity of my home and murdered my child just as surely as if he had crawled through a broken window and choked the life from Jeff with his bare hands. It was not a death that was quick and merciful. It was carried out with lies, rumors and calculated cruelty portioned out day by day.”
Cyber bullies, like any bully, want to feel power and control over their victim. They want to get under their victim's skin. Many kids live and breathe the internet. It is essential to how they see themselves and how they socialize with their peers. The computer is as essential a social tool today as the telephone was decades ago.
This is part of why a cyber bullying attack can be so devastating. Cyber bullies cut to the core of their victim's social life and self image. Targets are faced with threats and intimidation in emails and instant messages, but it is not only fear that the cyber bully can instill over the web.
The potential for public humiliation has been expanded from a target's classmates or school to effectively the entire world, or at least the wired world. Cyberbullies have created websites dedicated to insulting, mocking and humiliating their prey in the most vicious way possible. To be humiliated in front of a classroom of students is bad enough but to be humiliated for the amusement of thousands is more than most kids can bear.
The target becomes the laughing stock for the entire school as word is spread at the speed of light over broadband connections about the latest humiliating website update, blog post or video upload.
It's not good enough anymore for bullies to simply beat up their victims. With digital video becoming ubiquitous beatings are now digitally recorded and uploaded so everyone can have a front row seat and the bloodlust can be enjoyed again and again.
How can cyber bullies be so heartless? Perhaps the internet lends itself to this indifference. Bullies don't have to see their victims or answer for their actions. Like the cowards they are they hide behind their computers - behind a veil of anonymity.
Even though the effects of cyberbullying can be every bit as dangerous as offline bullying, if not more so, you as a parent are even less likely to hear about it happening to your child.
To understand why you have to understand how important access to the internet is for many kids. They will remain silent about cyberbullying because they are afraid if their parents find out they will go off the deep end and cut off access to their computer, internet and/or mobile phone.
Years ago this would be the equivalent of a child who complained of bullying being grounded and losing their telephone privileges! Loss of internet access would be deemed by many kids now to be the cruelest of punishments. Try not to over-react, it is the bully not the victim who should be punished.
http://www.overcomebullying.org/cyber-bullying.html
In Our Connected Digital Age Bullies Have a New Weapon With Which to Torment Their Targets
Home sweet home is no longer a sanctuary into which victims of bullying can escape their tormentors. Bullies can now stalk their prey after school hours long after their targets have gone home.
Social isolation, public humiliation and malicious gossip have long been the stock in trade of bullies. With the the advent of modern communications such as email, chat, text messaging and cell phones as well as the ability to publish online on websites, blogs and social networking sites such as Facebook and MySpace making their message instantly available to millions, the bully's reach and powers of social manipulation have been increased exponentially.
Parents are well advised to pay close attention to how this new threat can impact their children. We have already seen too many cases of children subjected to a cyber bullying attack who have been so traumatized that they have committed suicide as a direct result.
"Bullycide" is the term that has been used to describe suicides caused by relentless bullying. "Cyberbullycide", to coin a phrase, would describe someone driven to suicide following a cyberbullying attack.
In the book Bullycide In America: Moms speak out about the bullying/suicide connection, compiled by Brenda High, the story of Jeffery Johnston serves as a warning to other parents about cyber bullying.
Jeffrey's mother Debbie Johnston writes,
"A bully doesn’t have to be eye to eye to bully someone. Sometimes he or she gets into cyberspace, and then there’s no place to hide from their torment.
With the keyboard as his weapon, the bully violated the sanctity of my home and murdered my child just as surely as if he had crawled through a broken window and choked the life from Jeff with his bare hands. It was not a death that was quick and merciful. It was carried out with lies, rumors and calculated cruelty portioned out day by day.”
Cyber bullies, like any bully, want to feel power and control over their victim. They want to get under their victim's skin. Many kids live and breathe the internet. It is essential to how they see themselves and how they socialize with their peers. The computer is as essential a social tool today as the telephone was decades ago.
This is part of why a cyber bullying attack can be so devastating. Cyber bullies cut to the core of their victim's social life and self image. Targets are faced with threats and intimidation in emails and instant messages, but it is not only fear that the cyber bully can instill over the web.
The potential for public humiliation has been expanded from a target's classmates or school to effectively the entire world, or at least the wired world. Cyberbullies have created websites dedicated to insulting, mocking and humiliating their prey in the most vicious way possible. To be humiliated in front of a classroom of students is bad enough but to be humiliated for the amusement of thousands is more than most kids can bear.
The target becomes the laughing stock for the entire school as word is spread at the speed of light over broadband connections about the latest humiliating website update, blog post or video upload.
It's not good enough anymore for bullies to simply beat up their victims. With digital video becoming ubiquitous beatings are now digitally recorded and uploaded so everyone can have a front row seat and the bloodlust can be enjoyed again and again.
How can cyber bullies be so heartless? Perhaps the internet lends itself to this indifference. Bullies don't have to see their victims or answer for their actions. Like the cowards they are they hide behind their computers - behind a veil of anonymity.
Even though the effects of cyberbullying can be every bit as dangerous as offline bullying, if not more so, you as a parent are even less likely to hear about it happening to your child.
To understand why you have to understand how important access to the internet is for many kids. They will remain silent about cyberbullying because they are afraid if their parents find out they will go off the deep end and cut off access to their computer, internet and/or mobile phone.
Years ago this would be the equivalent of a child who complained of bullying being grounded and losing their telephone privileges! Loss of internet access would be deemed by many kids now to be the cruelest of punishments. Try not to over-react, it is the bully not the victim who should be punished.
http://www.overcomebullying.org/cyber-bullying.html
Sunday, September 12, 2010
September 2010 Gatherings by Camelia
September 2010 Gatherings by Camelia
"Came" means Business Networking (referral business/business gathering)
Came 249
15 September 2010 (Wed)
Time: 6pm to 8pm
Time: 8pm to 10pm
Venue: Old Town White Coffee,Jaya One,jalan University,Petaling Jaya, Selangor, Malaysia
Came 250
16 September 2010 (Thurs)
Time: 3pm to 5pm
Time: 4pm to 6pm
Venue: Old Town White Coffee,Jaya One,SS24,Tanab Megah, Petaling Jaya, Selangor,Malaysia.(opposite Toyota Car Showroom)
Came 252
24 September 2010 (Fri)
Time: 6pm to 8pm
Time: 8pm to 10pm
Venue: Old Town White Coffee,Taman Midah, Cheras,Kuala Lumpur,Malaysia.
Came 253
25 September 2010 (Saturday)
Time: 3pm to 5pm
Time: 5pm to 7pm
Venue: Burger King Restuarant ,KLCC Suria Mall,Kuala Lumpur,Malaysia.
Came 254
30 September 2010 (Thursday)
Time: 8pm to 10pm
Venue: Pappa Rich, Sunway Pyramid Shopping Mall,Petaling Jaya, Selangor,Malaysia.
Pls Call /SMS to confirm the date/place/time.
Please give me time to reserve a seat for you.
Do not be LAST MINUTE.I will not entertain you.
You may bring your friends or bosses or spouse.
PLEASE BE PUNCTUAL, Thank you!!
Mobile : 6-016-9795515
Love Camelia
Malaysian Chinese lady
*Venue and time subject to change
"Came" means Business Networking (referral business/business gathering)
Came 249
15 September 2010 (Wed)
Time: 6pm to 8pm
Time: 8pm to 10pm
Venue: Old Town White Coffee,Jaya One,jalan University,Petaling Jaya, Selangor, Malaysia
Came 250
16 September 2010 (Thurs)
Time: 3pm to 5pm
Time: 4pm to 6pm
Venue: Old Town White Coffee,Jaya One,SS24,Tanab Megah, Petaling Jaya, Selangor,Malaysia.(opposite Toyota Car Showroom)
Came 252
24 September 2010 (Fri)
Time: 6pm to 8pm
Time: 8pm to 10pm
Venue: Old Town White Coffee,Taman Midah, Cheras,Kuala Lumpur,Malaysia.
Came 253
25 September 2010 (Saturday)
Time: 3pm to 5pm
Time: 5pm to 7pm
Venue: Burger King Restuarant ,KLCC Suria Mall,Kuala Lumpur,Malaysia.
Came 254
30 September 2010 (Thursday)
Time: 8pm to 10pm
Venue: Pappa Rich, Sunway Pyramid Shopping Mall,Petaling Jaya, Selangor,Malaysia.
Pls Call /SMS to confirm the date/place/time.
Please give me time to reserve a seat for you.
Do not be LAST MINUTE.I will not entertain you.
You may bring your friends or bosses or spouse.
PLEASE BE PUNCTUAL, Thank you!!
Mobile : 6-016-9795515
Love Camelia
Malaysian Chinese lady
*Venue and time subject to change
Saturday, August 14, 2010
Monday, August 2, 2010
How to Avoid a Double-Dip Global Recession
How to Avoid a Double-Dip Global Recession
Roubini has come up with another lucid and cogent set of categorical policy measures that, in his view, will go far to stave off and, avert a global double-dip:
There is an ongoing debate among global policymakers about when and how fast to exit from the strong monetary and fiscal stimulus that prevented the Great Recession of 2008-2009 from turning into a new Great Depression. Germany and the European Central Bank are pushing aggressively for early fiscal austerity; the United States is worried about the risks of excessively early fiscal consolidation.
In fact, policymakers are damned if they do and damned if they don’t. If they take away the monetary and fiscal stimulus too soon – when private demand remains shaky – there is a risk of falling back into recession and deflation. While fiscal austerity may be necessary in countries with large deficits and debt, raising taxes and cutting government spending may make the recession and deflation worse.
On the other hand, if policymakers maintain the stimulus for too long, runaway fiscal deficits may lead to a sovereign debt crisis (markets are already punishing fiscally undisciplined countries with larger sovereign spreads). Or, if these deficits are monetized, high inflation may force up long-term interest rates and again choke off economic recovery.
The problem is compounded by the fact that, for the last decade, the US and other deficit countries – including the United Kingdom, Spain, Greece, Portugal, Ireland, Iceland, Dubai, and Australia – have been consumers of first and last resort, spending more than their income and running current-account deficits. Meanwhile, emerging Asian economies – particularly China – together with Japan, Germany, and a few other countries have been the producers of first and last resort, spending less than their income and running current-account surpluses.
Overspending countries are now retrenching, owing to the need to reduce their private and public spending, to import less, and to reduce their external deficits and deleverage. But if the deficit countries spend less while the surplus countries don’t compensate by savings less and spending more – especially on private and public consumption – then excess productive capacity will meet a lack of aggregate demand, leading to another slump in global economic growth.
So what should policymakers do? First, in countries where early fiscal austerity is necessary to prevent a fiscal crisis, monetary policy should be much easier – via lower policy rates and more quantitative easing – to compensate for the recessionary and deflationary effects of fiscal tightening. In general, near-zero policy rates should be maintained in most advanced economies to support the economic recovery.
Second, countries where bond-market vigilantes have not yet awakened – the US, the UK, and Japan – should maintain their fiscal stimulus while designing credible fiscal consolidation plans to be implemented later over the medium term.
Third, over-saving countries like China and emerging Asia, Germany, and Japan should implement policies that reduce their savings and current-account surpluses. Specifically, China and emerging Asia should implement reforms that reduce the need for precautionary savings and let their currencies appreciate; Germany should maintain its fiscal stimulus and extend it into 2011, rather than starting its ill-conceived fiscal austerity now; and Japan should pursue measures to reduce its current-account surplus and stimulate real incomes and consumption.
Fourth, countries with current-account surpluses should let their undervalued currencies appreciate, while the ECB should follow an easier monetary policy that accommodates a gradual further weakening of the euro to restore competiveness and growth in the eurozone.
Fifth, in countries where private-sector deleveraging is very rapid via a fall in private consumption and private investment, the fiscal stimulus should be maintained and extended, as long as financial markets do not perceive those deficits as unsustainable.
Sixth, while regulatory reform that increases the liquidity and capital ratios for financial institutions is necessary, those higher ratios should be phased in gradually to prevent a further worsening of the credit crunch.
Seventh, in countries where private and public debt levels are unsustainable – household debt in countries where the housing boom has gone bust and debts of governments, like Greece’s, that suffer from insolvency rather than just illiquidity – liabilities should be restructured and reduced to prevent a severe debt deflation and contraction of spending.
Finally, the International Monetary Fund, the European Union, and other multilateral institutions should provide generous lender-of-last-resort support in order to prevent a severe deflationary recession in countries that need private and public deleveraging.
In general, deleveraging by households, governments, and financial institutions should be gradual – and supported by currency weakening – if we are to avoid a double-dip recession and a worsening of deflation. Countries that can still afford fiscal stimulus and need to reduce their savings and increase spending should contribute to the global current-account adjustment – via currency adjustments and expenditure increases – in order to prevent a global shortage of aggregate demand.
Failure to implement such coordinated policy measures – to sustain global aggregate demand at a time when deflationary trends are still severe in advanced economies – could lead to a very dangerous and damaging double-dip recession in advanced economies. Such an outcome would cause another bout of severe systemic risk in global financial markets, trigger a series of contagious sovereign defaults, and severely damage the growth prospects of emerging-market economies that have so far experienced a more robust recovery than advanced countries.
Roubini has come up with another lucid and cogent set of categorical policy measures that, in his view, will go far to stave off and, avert a global double-dip:
There is an ongoing debate among global policymakers about when and how fast to exit from the strong monetary and fiscal stimulus that prevented the Great Recession of 2008-2009 from turning into a new Great Depression. Germany and the European Central Bank are pushing aggressively for early fiscal austerity; the United States is worried about the risks of excessively early fiscal consolidation.
In fact, policymakers are damned if they do and damned if they don’t. If they take away the monetary and fiscal stimulus too soon – when private demand remains shaky – there is a risk of falling back into recession and deflation. While fiscal austerity may be necessary in countries with large deficits and debt, raising taxes and cutting government spending may make the recession and deflation worse.
On the other hand, if policymakers maintain the stimulus for too long, runaway fiscal deficits may lead to a sovereign debt crisis (markets are already punishing fiscally undisciplined countries with larger sovereign spreads). Or, if these deficits are monetized, high inflation may force up long-term interest rates and again choke off economic recovery.
The problem is compounded by the fact that, for the last decade, the US and other deficit countries – including the United Kingdom, Spain, Greece, Portugal, Ireland, Iceland, Dubai, and Australia – have been consumers of first and last resort, spending more than their income and running current-account deficits. Meanwhile, emerging Asian economies – particularly China – together with Japan, Germany, and a few other countries have been the producers of first and last resort, spending less than their income and running current-account surpluses.
Overspending countries are now retrenching, owing to the need to reduce their private and public spending, to import less, and to reduce their external deficits and deleverage. But if the deficit countries spend less while the surplus countries don’t compensate by savings less and spending more – especially on private and public consumption – then excess productive capacity will meet a lack of aggregate demand, leading to another slump in global economic growth.
So what should policymakers do? First, in countries where early fiscal austerity is necessary to prevent a fiscal crisis, monetary policy should be much easier – via lower policy rates and more quantitative easing – to compensate for the recessionary and deflationary effects of fiscal tightening. In general, near-zero policy rates should be maintained in most advanced economies to support the economic recovery.
Second, countries where bond-market vigilantes have not yet awakened – the US, the UK, and Japan – should maintain their fiscal stimulus while designing credible fiscal consolidation plans to be implemented later over the medium term.
Third, over-saving countries like China and emerging Asia, Germany, and Japan should implement policies that reduce their savings and current-account surpluses. Specifically, China and emerging Asia should implement reforms that reduce the need for precautionary savings and let their currencies appreciate; Germany should maintain its fiscal stimulus and extend it into 2011, rather than starting its ill-conceived fiscal austerity now; and Japan should pursue measures to reduce its current-account surplus and stimulate real incomes and consumption.
Fourth, countries with current-account surpluses should let their undervalued currencies appreciate, while the ECB should follow an easier monetary policy that accommodates a gradual further weakening of the euro to restore competiveness and growth in the eurozone.
Fifth, in countries where private-sector deleveraging is very rapid via a fall in private consumption and private investment, the fiscal stimulus should be maintained and extended, as long as financial markets do not perceive those deficits as unsustainable.
Sixth, while regulatory reform that increases the liquidity and capital ratios for financial institutions is necessary, those higher ratios should be phased in gradually to prevent a further worsening of the credit crunch.
Seventh, in countries where private and public debt levels are unsustainable – household debt in countries where the housing boom has gone bust and debts of governments, like Greece’s, that suffer from insolvency rather than just illiquidity – liabilities should be restructured and reduced to prevent a severe debt deflation and contraction of spending.
Finally, the International Monetary Fund, the European Union, and other multilateral institutions should provide generous lender-of-last-resort support in order to prevent a severe deflationary recession in countries that need private and public deleveraging.
In general, deleveraging by households, governments, and financial institutions should be gradual – and supported by currency weakening – if we are to avoid a double-dip recession and a worsening of deflation. Countries that can still afford fiscal stimulus and need to reduce their savings and increase spending should contribute to the global current-account adjustment – via currency adjustments and expenditure increases – in order to prevent a global shortage of aggregate demand.
Failure to implement such coordinated policy measures – to sustain global aggregate demand at a time when deflationary trends are still severe in advanced economies – could lead to a very dangerous and damaging double-dip recession in advanced economies. Such an outcome would cause another bout of severe systemic risk in global financial markets, trigger a series of contagious sovereign defaults, and severely damage the growth prospects of emerging-market economies that have so far experienced a more robust recovery than advanced countries.
Wednesday, June 16, 2010
July 2010 Gatherings by Camelia
July 2010 Gatherings by Camelia
"Came" means Business Networking (referral business/business gathering)
"Came" means Business Networking (referral business/business gathering)
Came 229
2 July 2010 (Fri)
Time: 8pm to 10pm
Venue: Old Town White Coffee,Taman Midah, Cheras, Kuala Lumpur, Malaysia
Came 230
3 July 2010 (Sat)
Time: 8pm to 10pm
Venue: Chawan Kafe, Bangsar, Kuala Lumpur,Malaysia.(opposite Bangsar Village 2)
Came 231
12 July 2010 (Mon)
Time: 8pm to 10pm
Venue: Mc Donalds, Jalan 14 (Sec 14),Petaling Jaya,Selangor, Malaysia (Opposite Jaya 33)
Came 232
13 July 2010 (Tues)
Time: 8pm to 10pm
Venue: Starbuck,KL Sentral Station,Kuala Lumpur,Malaysia.
Came 233
2 July 2010 (Fri)
Time: 8pm to 10pm
Venue: Old Town White Coffee,Taman Midah, Cheras, Kuala Lumpur, Malaysia
Came 230
3 July 2010 (Sat)
Time: 8pm to 10pm
Venue: Chawan Kafe, Bangsar, Kuala Lumpur,Malaysia.(opposite Bangsar Village 2)
Came 231
12 July 2010 (Mon)
Time: 8pm to 10pm
Venue: Mc Donalds, Jalan 14 (Sec 14),Petaling Jaya,Selangor, Malaysia (Opposite Jaya 33)
Came 232
13 July 2010 (Tues)
Time: 8pm to 10pm
Venue: Starbuck,KL Sentral Station,Kuala Lumpur,Malaysia.
Came 233
14 July 2010 (Wed)
Time: 8pm to 10pm
Venue: Nasi Antarabangsa Retoran, Ampang Park Mall, Jalan Ampang,Kuala Lumpur,Malaysia.
Came 234
16 July 2010 (Fri)
Time: 8pm to 10pm
Venue: Old Town White Coffee,Sungai Wang Plaza Shopping Mall,Jalan Bukit Bintang,Kuala Lumpur, Malaysia
Time: 8pm to 10pm
Venue: Nasi Antarabangsa Retoran, Ampang Park Mall, Jalan Ampang,Kuala Lumpur,Malaysia.
Came 234
16 July 2010 (Fri)
Time: 8pm to 10pm
Venue: Old Town White Coffee,Sungai Wang Plaza Shopping Mall,Jalan Bukit Bintang,Kuala Lumpur, Malaysia
Came 235
17 July 2010 (Sat)
Time: 8pm to 10pm
Venue: Burger King, Suria KLCC Mall,Kuala Lumpur,Malaysia.
Came 236
18 July 2010 (Sun)
Time: 8pm to 10pm
Venue: Pappa Rich,Dataran 32,Jalan 19 or Jalan 14,Petaling Jaya,Selangor,Malaysia. (opposite Toyota Showroom)
Came 237
30 July 2010 (Fri)
Time: 8pm to 10pm
Venue: Old Town White Coffee,Signature,1Utama Shopping Mall,Bandar Utama,Petaling Jaya,Selangor, Malaysia
30 July 2010 (Fri)
Time: 8pm to 10pm
Venue: Old Town White Coffee,Signature,1Utama Shopping Mall,Bandar Utama,Petaling Jaya,Selangor, Malaysia
Came 238
31 July 2010 (Sat)
Time: 8pm to 10pm
Venue: Fullhouse - Lifestyle Cafe, Sunway Pyramid Shopping,Petaling Jaya,Selangor, Malaysia (opposite Pappa Rich)
31 July 2010 (Sat)
Time: 8pm to 10pm
Venue: Fullhouse - Lifestyle Cafe, Sunway Pyramid Shopping,Petaling Jaya,Selangor, Malaysia (opposite Pappa Rich)
Pls Call /SMS to confirm the date/place/time.
Please give me time to reserve a seat for you.
Do not be LAST MINUTE.I will not entertain you.
You may bring your friends or bosses or spouse.
PLEASE BE PUNCTUAL, Thank you!!
Mobile : 6-016-9795515
Love Camelia
Malaysian Chinese lady
*Venue and time subject to change
Please give me time to reserve a seat for you.
Do not be LAST MINUTE.I will not entertain you.
You may bring your friends or bosses or spouse.
PLEASE BE PUNCTUAL, Thank you!!
Mobile : 6-016-9795515
Love Camelia
Malaysian Chinese lady
*Venue and time subject to change
June 2010 Gatherings by Camelia
June 2010 Gatherings by Camelia
"Came" means Business Networking (referral business/business gathering)
Came 225
25 June 2010 (Fri)
Time: 8pm to 10pm
Venue: Island Cafe,Jalan ss2/61,Petaling Jaya,Selangor,Malaysia.
Came 226
26 June 2010 (Sat)
Time:2pm to 4pm
Venue: A & W, Leisure Mall, Taman Segar, Cheras, Kuala Lumpur,Malaysia.
Came 227
27 June 2010 (Sun)
Time: 2pm to 4pm
Venue: Old Town White Coffee,Kelana Mall,LDP,Selangor, Malaysia (next to Giant Kelana Jaya Mall)
Came 228
"Came" means Business Networking (referral business/business gathering)
Came 225
25 June 2010 (Fri)
Time: 8pm to 10pm
Venue: Island Cafe,Jalan ss2/61,Petaling Jaya,Selangor,Malaysia.
Came 226
26 June 2010 (Sat)
Time:2pm to 4pm
Venue: A & W, Leisure Mall, Taman Segar, Cheras, Kuala Lumpur,Malaysia.
Came 227
27 June 2010 (Sun)
Time: 2pm to 4pm
Venue: Old Town White Coffee,Kelana Mall,LDP,Selangor, Malaysia (next to Giant Kelana Jaya Mall)
Came 228
27 June 2010 (Sun)
Time: 8pm to10pm
Venue: Old Town White Coffee,Pavilion Mall, Jln Bukit Bintang,Kuala Lumpur, Malaysia
Time: 8pm to10pm
Venue: Old Town White Coffee,Pavilion Mall, Jln Bukit Bintang,Kuala Lumpur, Malaysia
Pls Call /SMS to confirm the date/place/time.
Please give me time to reserve a seat for you.
Do not be LAST MINUTE.I will not entertain you.
You may bring your friends or bosses or spouse.
PLEASE BE PUNCTUAL, Thank you!!
Mobile : 6-016-9795515
Love Camelia
Malaysian Chinese lady
*Venue and time subject to change
Please give me time to reserve a seat for you.
Do not be LAST MINUTE.I will not entertain you.
You may bring your friends or bosses or spouse.
PLEASE BE PUNCTUAL, Thank you!!
Mobile : 6-016-9795515
Love Camelia
Malaysian Chinese lady
*Venue and time subject to change
Thursday, March 18, 2010
How To Be Punctual
How To Be Punctual
By Niko Hammond
Punctuality is a quality most appreciated and admired, but more often than not people find it difficult to manage being punctual. Not only does this create a bad impression on others, especially if it is related to your career or emergency situations, it also makes life stressful and crammed on account of poor time management.
Being punctual or on time is not complicated or rocket-science. A few simple and easy-to-follow tips as listed below will definitely help in ensuring your punctuality improves, they are also not set in stone, you can think up many creative ways to improve your timing and thus, your credibility amongst your circle of family, friends, colleagues and others.
Always arrive early instead of just being on time - Make it a point to plan your travel beforehand and plan to get to your destination early rather than being just on time. Planning ahead and allowing ample time to get to your appointment or destination will allow you to make any adjustments that may be become necessary depending upon circumstances.
Prepare a time management chart - Take stock of all your daily activities and work and time yourself for about a week to see how much time you spend on each task and how many of these tasks are repetitive or periodic. Based upon this, prepare a time schedule, where you allot time to each activity, put it up in places around your home and workplace so that you can always remember how much time is on hand for completion of a particular task and work accordingly.
Know the correct time - Make sure all your watches and clocks are set to the same exact time. There is no point in setting your clock or watch 5-10 minutes early and then not follow the set time since you're aware that the time is running ahead anyway and you have more time before you can get started on your task. Setting an earlier time might be helpful for those people who are disciplined and make it a point to do things by the clock, but not for someone who has a chronic problem with being behind schedule or unpunctual.
Make preparations beforehand - If you're due to make an early start in the morning and need to be elsewhere, like an appointment or an interview where being on time is absolutely essential, prepare yourself the night before. Lay out your clothes, iron them, etc the previous evening, put all your necessary papers and files in your carrying case and keep it ready so you just need to pick it up and go in the morning. Go to sleep early, set your alarm for at least 30 minutes ahead of your usual wake-up time.
Punctuality is important - Always keep in mind that other people's perception about you is influenced by your behavior. If you're chronically late, you will be labeled as lazy and undisciplined. Lateness will harm your reputation, career, family and social life.
By Niko Hammond
Punctuality is a quality most appreciated and admired, but more often than not people find it difficult to manage being punctual. Not only does this create a bad impression on others, especially if it is related to your career or emergency situations, it also makes life stressful and crammed on account of poor time management.
Being punctual or on time is not complicated or rocket-science. A few simple and easy-to-follow tips as listed below will definitely help in ensuring your punctuality improves, they are also not set in stone, you can think up many creative ways to improve your timing and thus, your credibility amongst your circle of family, friends, colleagues and others.
Always arrive early instead of just being on time - Make it a point to plan your travel beforehand and plan to get to your destination early rather than being just on time. Planning ahead and allowing ample time to get to your appointment or destination will allow you to make any adjustments that may be become necessary depending upon circumstances.
Prepare a time management chart - Take stock of all your daily activities and work and time yourself for about a week to see how much time you spend on each task and how many of these tasks are repetitive or periodic. Based upon this, prepare a time schedule, where you allot time to each activity, put it up in places around your home and workplace so that you can always remember how much time is on hand for completion of a particular task and work accordingly.
Know the correct time - Make sure all your watches and clocks are set to the same exact time. There is no point in setting your clock or watch 5-10 minutes early and then not follow the set time since you're aware that the time is running ahead anyway and you have more time before you can get started on your task. Setting an earlier time might be helpful for those people who are disciplined and make it a point to do things by the clock, but not for someone who has a chronic problem with being behind schedule or unpunctual.
Make preparations beforehand - If you're due to make an early start in the morning and need to be elsewhere, like an appointment or an interview where being on time is absolutely essential, prepare yourself the night before. Lay out your clothes, iron them, etc the previous evening, put all your necessary papers and files in your carrying case and keep it ready so you just need to pick it up and go in the morning. Go to sleep early, set your alarm for at least 30 minutes ahead of your usual wake-up time.
Punctuality is important - Always keep in mind that other people's perception about you is influenced by your behavior. If you're chronically late, you will be labeled as lazy and undisciplined. Lateness will harm your reputation, career, family and social life.
Saturday, October 17, 2009
Power of Business Cards
"10 Powerful Networking Tips Using Business Cards"
by Carl E. Reid
Do you or can you carry your resume everywhere you go?
1. Never leave home without them. Before leaving home, your checklist should be expanded to include business cards, as part of "do I have my wallet/money, house keys, driver's license'"
2.Insert a business card when mailing bill payments. Bills contain advertisements. Why can't you advertise your skills or services the same way' Insert a business card with your payment.
3. Use proper business card etiquette. Whenever you give a business card, ask for a business card. When given a business card, don't just take it and place it in your pocket. Make the person feel important by looking at their card for a few seconds.
4. Be generous. Give business cards out to everyone, including family and friends.
5. Ask for referrals. When giving a business card, people feel more comfortable when you ask; 'I would appreciate a referral, if you know anyone that could use my services'.
6. Maximize every "per chance" meeting. You never know when you might meet someone who can help you. Family or friends social events could produce unexpected encounters with people. Don't discount those events.
7. Place yourself at the right place at the right time. Have you been to a job fair or business conference and been disappointed with the networking results'
8. Use "In Your Face" follow up. Today's economic climate dictates you might be competing with 20, 50, 100 or more other people for the same position or contract. It's quite a task for people to keep track of each individual meeting. So it's up to you to give a person a reason to call you back. Immediately after a meeting snail mail a hand written note thanking the person for their time. Insert your business card. Now you're in the driver's seat in standing out from other people. If you get no response, do it again. Patience and persistence pays off.
9. Use promotions to promote YOU, Inc.
10. Brand yourself with a slogan.
by Carl E. Reid
Do you or can you carry your resume everywhere you go?
1. Never leave home without them. Before leaving home, your checklist should be expanded to include business cards, as part of "do I have my wallet/money, house keys, driver's license'"
2.Insert a business card when mailing bill payments. Bills contain advertisements. Why can't you advertise your skills or services the same way' Insert a business card with your payment.
3. Use proper business card etiquette. Whenever you give a business card, ask for a business card. When given a business card, don't just take it and place it in your pocket. Make the person feel important by looking at their card for a few seconds.
4. Be generous. Give business cards out to everyone, including family and friends.
5. Ask for referrals. When giving a business card, people feel more comfortable when you ask; 'I would appreciate a referral, if you know anyone that could use my services'.
6. Maximize every "per chance" meeting. You never know when you might meet someone who can help you. Family or friends social events could produce unexpected encounters with people. Don't discount those events.
7. Place yourself at the right place at the right time. Have you been to a job fair or business conference and been disappointed with the networking results'
8. Use "In Your Face" follow up. Today's economic climate dictates you might be competing with 20, 50, 100 or more other people for the same position or contract. It's quite a task for people to keep track of each individual meeting. So it's up to you to give a person a reason to call you back. Immediately after a meeting snail mail a hand written note thanking the person for their time. Insert your business card. Now you're in the driver's seat in standing out from other people. If you get no response, do it again. Patience and persistence pays off.
9. Use promotions to promote YOU, Inc.
10. Brand yourself with a slogan.
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