Economics

“Coral Sea Cable” Brings Wholesale Prices To Papua New Guinea; However, Connections To Nodes Throughout The Country Would Be Even Better

Australia has generously provided the bulk of the funding for the “Coral Sea Cable”, which stretches from Sydney to Honiara and Port Moresby. The transmission line, for a distance of 4,700 kilometers [2,920 statute miles], was supposed to facilitate cheaper data cost for all of Papua New Guinea residents. While the ‘Wholesale’ costs of the data are significantly less expensive, perhaps ‘Retail’ users have not benefitted as much.

Apparently ‘Retail’ users of data have a two-fold situation they confront: [A] While the ‘Wholesale’ price of data has substantially declined, only a portion of the savings appear to have been passed on to residential customers. [B] it appears that connections throughout Papua New Guinea, to additional residences, has barely commenced, if even that. Maybe the ‘game’ of Internet Service Providers [ISP’s] is to wait and hold onto existing cash, if so, then residents throughout the country lose. These losses are due to non-existent services as well as reduced savings per kilobyte not being passed on by ISP’s, as aforementioned.

The leaders of Papua New Guinea should realize that International Businessmen and International Investors hold the Internet in high esteem. ANYONE that curtails the expansion of the Internet in a country, these ‘Outsiders’ might be considering doing business in or with, will be cautiously reviewed. If they detect even a mere scintilla of odor, the ‘Outsiders’ will decline to do business therewith. Their logic is simple: If the leaders of a country, and/or its business leaders, will not attend to the needs of their citizens/customers, how will they treat anyone else entering into commerce with them? It does not take much skill to detect intentions of a ‘executive’ wearing a fancy suit with a lapel pin on his lapel which says: “I want even more, just for myself”. Communications though the Internet are making users more attentive and wiser.

Reality: The Integrity of a conscientious Leader radiates like Uranium; that of a ‘Litter’ appears like Chalcopyrite.

Reference: http://www.cookislandsnews.com/regional/small-world/item/77371-png-s-coral-sea-cable

Bangladesh Finance Minister Sets Priorities To Save Lives And Commerce

As the Finance Minister in Dhaka, Bangladesh smartly defined the capitalization needs of his country’s 164 million residents, we as International Businessmen, collectively applaud him. This Gentleman has demonstrated compassion for mankind and leadership using sound judgement. The fact that he is apparently of the opinion: “Solve the immediate CV-19 problem, we can resolve lesser issues later” demonstrates competence in administration.

Bangladesh has quite a variety of export items: Iron, Steel, Metal Products, Pharmaceuticals, Spices, Tobacco, et al. A government led by a business-friendly administration should surely be examined by investors everywhere. A reputation of a strong Bangladeshi work ethic facilitates such decisions by the prudent.

As the Finance Minister understands, CV-19 which arrived, will soon depart, as influenzas do. CV-19, which will have NOT destroyed Bangladesh, will make it stronger. The fact that the country evidences good leadership, furthers our analysis of Bangladeshis beating CV-19; this country being an obvious location to examine business opportunities.

Reality: The integrity of the leaders of a country are even more important than the physical resources of the nation.

Reference: https://thefinancialexpress.com.bd/economy/bangladesh/we-will-spend-first-earn-later-finance-minister-1591970088

International Investment Bankers Awaken To A 21st Century Tool

‘Teleconferencing’ has been available and widely used for a number of years world-wide. While many businessmen availed themselves the use of such a tool, many International Investment Bankers [I.I.B.s] did not. Apparently, they believed the myths of their predecessors that ‘Eye-To-Eye” contact was necessary to establish a bond of trust with their customers; in fact, many absolutely adhered to this fantasy. An important incentive to this delusion was the fact that five star hotels, limousines, first-class cabins, and other perks were included with each jaunt to a possible customer. With their banks paying for all the costs, and the public picking up a big portion of the expenses, through the banks tax deductions, the I.I.B.’s were happy.

We, in our daily activities have been, over many decades, exposed to such gentlemen, and aware of their mandate. What has escaped us has been that a International Businessman trains continuously in close observations of those with which he or she is in contact. This is especially true as to I.I.B.’s who are offering to control one’s assets. The old adage: “The Eyes Do Not Lie.” is especially applicable to such people. Additionally, much as a “Psychological Stress Evaluator” machine listens and analyzes, so do we. In fact over enough years of practice, this talent is effective even over a mere telephone call. Do not I.I.B.’s understand this?

I.I.B.’s must now stay at home and try to convince customers of the efficiencies and their rewards to possible clients. To seasoned I.I.B.’s, this will not be a problem. To the university-educated novices, who have not been schooled by their professors in such ‘Arts’, this will be a major hurdle. We hope that those I.I.B.’s who wear their arrogance near their cuff-links on their shirts; we have met many, will be humbled by the Internet Technology of Teleconferencing [in trying to close deals]. For those who fail as to the demands of ‘Remote Associations’, they should practice a different profession.

Technology is wonderful, but it is a mere tool which should be used to work for the greatest asset of man [which is located above his eyes and between his ears]. And, at least the I.I.B.’s do not have to sit for hours, inside aircraft with mediocre Environmental Control Systems which do not stop Covid-19 and its many ‘cousins’

Reality: Quick adaptations, to new Business “Environmental” demands, separate ‘Survivors’ from ‘Fatalities’.

Reference: https://www.finews.ch/themen/finews-life/41231-investment-banker-grounding-fliegen-flughafen

☆ Has Mother Nature “Stepped On The Brakes”, For 18 Years, As To Global Warming?

News Analysis: The Latest Accumulated Scientific Actual Measurements indicate that in October, the Earth will have met its eighteenth year without Instrumented Evidence of Global Warming!

It appears that the “Experts'” many Computer Models, that predicted ‘Catastrophic Temperature Rises’, evidence the well-known Principle of ‘Garbage In, Garbage Out’ [“GIGO”]. The models missed the mark by a ‘long shot’. However, they did induce many Politicians to demand funding for control of ‘Global Warming’ [to the benefit of Business Allies, Charlatans, and the Mass Media (of Journalism Majors)].

Through the many centuries of Man’s Explorations of this Glorious Planet, the “Money Seekers” are nearby, like Hyenas near Carrion. In this case, a former World Political Leader optimized his employment by engaging in the Clarion Call to ‘Save the Planet From Global Warming’. From this effort, many people made much money [as he may have].

Rather than EVERYONE waiting for ACTUAL SCIENTIFIC MEASUREMENTS to be taken and scrutinized, Computer Modeling was used to stir up the thundering herd of Wildebeests.

The Mass Media, wanting for a subject to write about, jumped in with ‘both feet’ and created their ‘Holographic Reality’ of “Global Warming leading to the destruction of Mankind”. Even those in the Mass Media may have earned salary increases from gained readership of this ‘Pending Catastrophe’ [which never occurred]. That ‘Climate Change’ could be a mere ‘Natural Process’ was of NO interest to them. Today, both the North and South Poles have gained increased ice expanses and depths. The “El Nino” Phenomena is largely effete.

Solar flares are much more of a potential problem than “Man’s Greenhouse Gases” ruining the atmosphere. In fact, Natural Processes on Earth contribute more to “Greenhouse Gases” than that created by industry.

Next, the Charlatans can “Computer Model” systems for control of Solar Flares and sell them to a very gullible public [inspired by news releases by the Mass Media]?

The Principle of A.F.A.B. [Anything For A Buck] is alive and well in Corporations, Governments, and certainly Universities [with their Professors seeking grants from the naïve].

The “Aroma of Money Making” is as alluring to some Professors and Scientists as the nasal enjoyment derived from walking into a Bakery making its delights.

Reality.

Reference: http://www.cnsnews.com/news/article/barbara-hollingsworth/upcoming-anniversary-october-1st-will-mark-18-years-no-global

Canadian Government’s Successful Budget Concept Should be Studied by Other Nations

News Analysis: Canadian Government’s successful Budget Concept was actualized by a Steadfast Discipline. This occurred through increasing Private Business Momentum [thereby increasing tax receipts] as well as containing Irrelevant Spending. Now, the country’s Deficit has been greatly reduced. It now offers Survivability if another Global Turndown were to occur.

All too often, Economic Downturns are ‘attacked’ by Governments through Profligate Spending. What is not understood by the Country Leaders is the fact: The amount spent may be less important than to which that money is allocated.

A Country sometimes panders to its  leader’s desire to attain “Celestial Standing” in the nation’s history. If it has Weak Legislators, they act as his Minions and create an ill-conceived law. So, a Program is  Ordered TO HIS Citizens;  ‘Named’ in his honor, it feeds his ego but does nothing but Delay Economic Recovery. It is a definite Economic  Impediment if it is poorly designed and executed. The timing cannot be worse:  Continued unemployment and low earnings of the citizenry are compounded by additional Personal Expenditures Mandated by the Program.

Fortunately, for Canadians, their Government is far more Prescient than that of some Nearby Nations.

Reference: http://tinyurl.com/k5nzzzu

Netherlands: Does Their “Dutch Optimism” Precede Their Wealth; Or, Wealth Precede Their “Dutch Optimism”?

News Analysis:  The International-Oriented Dutch have a tradition of World Exploration accompanied by Financial Acumen second-to-none. While others are  busy in attempting to gain publicity for all of their business ventures, the Dutch are Stealthily conducting business negotiations. Additionally, their years of experience in dealing with people in other countries has taught them the benefits of being circumspect. The asset of being adroit in business comes from years of similar international exposure.

The Dutch Optimism is,in part,based upon the ability to correctly analyze people and situations [thereby gaining a confidence which morphs into cheerfulness].

The Dutch Wealth has accumulated over the years by both the aforementioned ‘abilities’ as well as knowing “Good Money Management”. Common-sense dictates that: “One does not spend more than one earns”. Application of this simple Credo applies also to business transactions of all kinds. Seldom is heard of the Dutch paying artificially exorbitant prices for goods or services; they know better. Through the years, application of this behavior has allowed the Dutch to prosper; be it in: Flower Production And Sales, International Finance, Maritime Shipping, or Petroleum Exploration and Production. The 92,000 Millionaire Households are a Testament to this.

Perhaps the wisdom of ECC 10:19 has been endorsed by them.

Any People who have learned to “Hold back the Ocean” have the necessary Intellect and Tenacity to succeed wherever they choose.

Reference: http://www.dutchnews.nl/news/archives/2013/11/the_netherlands_92000_milliona.php

$560,000,000.00 a Year Needed by Mongolia for Its Public’s Weather Comfort

News Analysis: The Asian Development Bank’s estimate of the needs of Mongolia’s  3,226,000+/- population reveals a climatic reality which is developing. The Ulaanbaatar Government, with a Gross Domestic Product of $15,000,000,000.00 has the financial ability to deal with any weather problems promptly.

The acquisition of Proven Technologies for extreme cold in construction, such as Mega-Temp™ Insulation, can make new buildings very comfortable. Where the product is applied, a minimum of gas or electrical energy is then used for building heating. Any special  thermal control such as for a ‘hot house’ built therein, to grow vegetables during the winter, thereafter only use very little energy [because the thermal baseline has been raised]. Also, the huge livestock losses of the past few winters could have been greatly reduced if the Mega-Temp Insulation™ had been applied to the insides of the Husbandry Shelters.

Governments must be responsive to the needs of their citizens. Since more severe winters have started to occur and probably will continue for at least several decades [30 Year Cycle] proven technologies such as Mega-Temp™ Insulation should for thermal control. For flooding and other events associated with weather change, other technologies should be sought on the markets of the world.

Reference: http://ubpost.mongolnews.mn/?p=6551

Russian Cooperation and Trade with Greece are Increasing

News Analysis:  The very strategic location of Greece, as well as a cultural and religious affinity between the two countries, make for a win-win situation for both. Since Greece is the first European country when coming from the Levant or Northeast Africa, its location is laudable.

The vessel shipment of hydrocarbons or bulk commodities through the Mediterranean Sea to the Atlantic Ocean or through the Suez Canal is quite enticing. Since Greece has historically treated its neighbors with respect, good relations abound. The aforementioned is of great importance to Greece’s long-time friend, Russia.

Reference: http://www.itar-tass.com/en/c32/931490.html

Currency Arbitrage Currently Causes Concern

News Analysis: Money managers throughout the globe attempt to ascertain not only the America’s Federal Reserve’s monetary decisions but also those choices by other Central Banks. Since many monetary decisions are made not only on a financial basis, but also a political one, the ability to properly guess rates, etc. requires an omniscience possessed by few.

Reference: http://tinyurl.com/nvzxzll