Los Angeles Times (May 1)
California “continues to attract more manufacturers and create more jobs than almost any other. The numbers don’t lie.” Toyota and Occidental Petroleum both announced plans to move their headquarters from California to Texas. Nevertheless, California’s business environment remains vibrant given the state’s unique “ability to incubate new companies and tech innovators, putting its businesses in the vanguard of new industries.”
Tags: Business, California, Environment, Innovators, Jobs, Manufacturers, Occidental Petroleum, Texas, Toyota, Vanguard
Bloomberg (January 22, 2014)
Bloomberg released its annual rankings of the best countries for business in 2013 and these were 1. Hong Kong, 2. Canada, 3. U.S., 4. Singapore, 5. Australia, 6. Germany, 7. United Kingdom, 8. Netherlands, 9. Spain and 10. Sweden. Japan slid from #3 in 2012 to #12, but still finished ahead of South Korea (#13) and China (#28).
Tags: Australia, Business, Canada, China, Germany, Hong Kong, Japan, Netherlands, Ranking, Singapore, South Korea, Spain, Sweden, U.S., UK
Time (December 30, 2013)
“Despite the hoopla over the approval of the Volcker rule, which restricts banks from making certain types of speculative investments, our financial system isn’t much safer than it was before 2008…. Banks used to be the servants of American business. Now they are its masters.”
Tags: Banks, Business, Financial system, Investment, Safety, Speculation, U.S., Volcker rule
Wall Street Journal (August 29)
“In 1950 France had five people of working age per retiree. Today it has 1.4, and the ratio is expected to fall to 1.2 by 2050.” France’s newly unveiled pension reform will not “defuse” the pension bomb. “Paying for a growing number of retirees with a pay-as-you-go system that invests little for the future is a losing game. It will ultimately require much smaller pensions or much higher taxes, a fact that French businesses understand well even if the political class won’t admit it.”
Financial Times (February 23)
French leaders “should listen when international business leaders say how their French operations must change to be competitive. Ministers should share with multinationals a common interest in achieving that outcome. Otherwise, the workers will not be alone in facing accusations of being unproductive.”
Wall Street Journal (July 19)
They may have won the World Cup, but Japan’s women’s soccer team, “considered strong contenders for Olympic gold in London, had to squeeze into economy seats on a 12-hour flight to Europe this week, while members of the less successful men’s soccer team, enjoyed the plush amenities of business class further up the cabin.” Last year’s World Cup win raised “hopes that the surprise victory would change attitudes toward women playing the beautiful game in Japan,” but those hopes “appear to have been premature.”They may have won the World Cup, but Japan’s women’s soccer team, “considered strong contenders for Olympic gold in London, had to squeeze into economy seats on a 12-hour flight to Europe this week, while members of the less successful men’s soccer team, enjoyed the plush amenities of business class further up the cabin.” Last year’s World Cup win raised “hopes that the surprise victory would change attitudes toward women playing the beautiful game in Japan,” but those hopes “appear to have been premature.”
New York Times (May 26)
Marking the end of an era, Apple became the most valued technology company in the world. At a market valuation of $222 billion, Apple surpassed long-time leader Microsoft by about one billion dollars. Microsoft continues to dominate desktops, PCs and business applications, but market growth now centers on in-hand mobility. The New York Times states this “heralds an important cultural shift: Consumer tastes have overtaken the needs of business as the leading force shaping technology.”
Marking the end of an era, Apple became the most valued technology company in the world. At a market valuation of $222 billion, Apple surpassed long-time leader Microsoft by about one billion dollars. Microsoft continues to dominate desktops, PCs and business applications, but market growth now centers on in-hand mobility. The New York Times states this “heralds an important cultural shift: Consumer tastes have overtaken the needs of business as the leading force shaping technology.”
