A Gallup report revealed what many have believed about teamwork for quite some time. The world’s top performing organizations understand that employee engagement is a force that drives performance outcomes. In the best organizations, engagement is more than a human resource initiative -- it is a strategic foundation for the way they do business.The commitment of these top companies to a purposeful strategic plan that places an emphasis on employee engagement is not just lip service, but a fundamental component of its operation. The report highlights that in world-class organizations, the ratio of engaged to actively disengaged employees is 9.57.1 whereas in average organizations, the ratio of engaged to actively disengaged employees is 1.83.1.One shining example of an organization that understands the power of teamwork is the Mayo Clinic.
On April 4, 2012, the Chinese newspaper, ChinaDaily, published a piece titled, "US Urged to Consider Effects of Policies."
Within the article I noted the withering green shoots in the U.S. would likely result in QE3 for the U.S. This view passed Thursday.
China has reacted to U.S. QE in the past by expressing dismay, primarily given the overweight U.S. dollar position in their foreign currency reserves. Today's action, coupled with the signing of the ESM law in Germany by German President Gauk, is likely to bring China back to the European debt table. I would not be surprised to hear of Chinese institutions on the bid in the EUR/USD over the next few weeks. They will likely be joined by their Asian neighbors, as South Korea, etc., seek to limit the appreciation of their own currencies.
According to a study presented by East-West Digital News, Data Insight, and Moscow’s Higher School of Economics, in September 2011, Russia became the largest Internet market in terms of number of users, with over 80 million Russian-speaking users.
The Russian e-commerce, or online retailing market, will go well beyond 20€ billion within the next few years. Russia is a large and fast-growing market for luxury goods. The market is currently fragmented with many small online and a few large retailers.
A more diversified offer, with an increase in product categories, along with new and more experienced shoppers, will result in frequent and higher value purchases online. Collection Privée , founded in 2008 by the team that launched the supermarket chain Auchan in Russia in 2002, is a leader for fashion and luxury e-commerce in Russia.
The ECB's Bond Buying Scheme was leaked this morning and offered a few details.
1.) Bond buying will be unlimited and sterilized.2.) The ECB will apply conditionality but not seniority.3.) There will be no public yield caps.
The EUR/USD is rallying on the news. I have argued for some time that the EU and the ECB have been steadily working behind the scenes over the summer months. This has brought some support to the EUR/USD.
A number of other observations provide further support to my view that the EUR/USD will remain bid, further mystifying most currency dealers who continue to call for an imminent EUR/USD collapse and GREXIT.
The two-year EU/USD Basis Spread is now at 39.75bps. This was last seen on Sept. 1, 2011, when the EUR/USD was trading at 1.4200.
A successful man is the one who can lay a firm foundation with the bricks others have thrown at him? -- David Brinkley
The nation watched in horror when the video tape emerged showing the bullying of 68-year old school bus monitor Karen Klein. According to ABC News, more than 32,000 people went online and donated more than $700,000 to Klein after they saw the inexcusable way in which she was bullied by middle school students in a suburban Rochester, N.Y. suburb.
In the months since that incident, Klein has moved forward with the next chapter of her life in a most surprising way. Actually, what she has done is quite admirable. Klein took $100,000 of the money and has started The Karen Klein Anti-Bullying Foundation.