BEACON » US http://www.cosmizen.com Business Economy And Commerce Online News Fri, 11 Apr 2014 08:36:40 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Global Infrastructure Deficit Pegged at $2Trillion Per Annum http://www.cosmizen.com/2010/05/global-infrastructure-deficit-pegged-at-2trillion-per-annum/ http://www.cosmizen.com/2010/05/global-infrastructure-deficit-pegged-at-2trillion-per-annum/#comments Mon, 24 May 2010 14:56:38 +0000 http://www.cosmizen.com/?p=878 Continue reading]]> The World Economic Forum’s Positive Infrastructure Report (PIR) finds that world faces a global infrastructure deficit of US$2 trillion per year over the next 20 years. The report analyses the four largest infrastructure markets – Latin America, China, India and the US, and studies how to best deploy public funds made available through global fiscal stimuli packages to further the cause of infrastructure development.

The report has clarified that though the term “infrastructure” could denote a wide range of facilities and systems including economic and financial infrastructure, social infrastructure and physical infrastructure, the study has centred on physical infrastructure. As per the report, the projections for the future infrastructural development have been drawn from a study by the consulting firm, Booz Allen Hamilton.

In a 2007 report, Booz Allen Hamilton has estimated that investment needed to “modernize obsolescent systems and meet expanding demand” for infrastructure worldwide between 2005 and 2030 was at about US$ 41 trillion. It said the North American (the US and the Canadian) share of the infrastructure needs alone would be around US$ 6.5 trillion through 2030.

While the PIR finds both involvement by public sector as in the case of China and a broad-based public private partnership (PPP) seen in India has country-specific successful models in the speedy development of infrastructural projects. The report highlights the Eleventh Five Year Plan for Energy development by the National Development and Reform Commission of the People’s Republic of China as an example of one such plan which sets specific goals for the development of energy infrastructure in China. The PPP-based National Highway Development Programme of India which aims to deliver about 55,000 kilometres of highways is cited as one good example with a clearly well-defined role for the private sector.

The Positive Infrastructure Initiative was launched in 2009 in response to a clear mandate provided to the Forum at the Annual Meeting 2009 in Davos by the CEOs of the leading infrastructural organizations to ensure that the massive fiscal spending on infrastructure not only generates the employment to restart the global economy but also creates infrastructure assets that foster long-term economic competitiveness, and are environmentally and socially sustainable.

The World Economic Forum (WEF) is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas. The official website of the WEF in its latest press release has made available details about the report.

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Majority Do Not Buy Terror Advisories Rather Go by Intuition http://www.cosmizen.com/2010/05/majority-do-not-buy-terror-advisories-rather-go-by-intuition/ http://www.cosmizen.com/2010/05/majority-do-not-buy-terror-advisories-rather-go-by-intuition/#comments Mon, 03 May 2010 12:05:20 +0000 http://www.cosmizen.com/?p=852 Continue reading]]> A recent opinion poll on whether terror advisories altered one’s business itinerary revealed that 54 percent of the respondents went by their intuition and never fell prey to media hype or any such government notifications. The poll which was featured on LinkedIn, the largest business networking site with over 65mn members across the world saw merely 26 percent opting for safety first to diligently follow all travel advisories.

Mary Lascelles Relocation Director at Moving Links 4 You commented “My son recently went to Kashmir, India where he spent three months working on a project. So many folks advised against it as it was an unsafe place, and the newspapers certainly lead us to believe it was nuts for going. He has now returned and he said he never felt unsafe while there. Goes to show that a lot of times fear is instilled by media hype. Still, it’s important to use your intuition – while still living life and not shutting out important experiences.”

Barbara Holtzman, Executive Consultant & Management Coach said she would follow her intuition and did not avoid any place based on an alert alone, and also endorsed Lascelles’ view. While Sally Shiff Social Network Coordinator at Maoz Inc. opined “I live in the Middle East (Israel) and have learned to be aware of safety. What we don’t have here is the theft and harm that I used to see on the streets in the US or as a traveler abroad.” She later added that the places which were unsafe to travel were often found barricaded, and was glad rather to comply with such warnings.

However, some participants in the poll are of the opinion that it would be unwise to overlook these advisories. Similarly, those in the travel and transport industry are also found to be paying attention to the alerts as they feared it would hurt their businesses.

The poll clarification on as to why ask this question read – It is observed that advisories are used these days as foreign policy. Instead of pinpointing the terror strike areas, and helping those countries to nab the perpetrators before the event, most governments just release a terror alert to put that country/ies and administration/s in all kinds of trouble.

The recent terror advisories issued by the US, Britain, Australia and Canada on the Indian capital has forced the government to turn New Delhi into a fortress with heavy deployment of security forces and also increased security checks. Furthermore, some analysts believe operatives under the guise of crank callers could be involved in hoax calls (the recent series of anonymous calls about bombs being planted at various locations in New Delhi) to destabilize day to day business of the city.

It should be recalled that in February the Home Minister of India P Chidambaram had said about a US advisory then “I don’t think it was based on any new information nor do I think that it was intended to send any alarm signal. I think it was a routine advisory and it should be seen as such.”

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ACTA to Play God on Online Activities – Overrides WIPO Role http://www.cosmizen.com/2010/04/acta-to-play-god-on-online-activities-%e2%80%93-overrides-wipo-role/ http://www.cosmizen.com/2010/04/acta-to-play-god-on-online-activities-%e2%80%93-overrides-wipo-role/#comments Wed, 21 Apr 2010 08:37:35 +0000 http://www.cosmizen.com/?p=839 Continue reading]]> The Anti-Counterfeiting Trade Agreement (ACTA) which will be released on Thursday from New Zealand is expected to put tabs on most e-activities on the basis of piracy or copyright infringement. Moreover, the accord is also likely to slight the existence of World Intellectual Property Organization (WIPO) as the anti-fake pact will cover almost every aspect of the functions of the UN organization without giving any room for public scrutiny.

In 2007, Bush administration began negotiations on ACTA particularly to contain several developing countries engaged in piracy acts, and to protect the interests of leading US firms which lost their price competitiveness on account of counterfeiting. Incidentally, the ACTA effect will not be restricted to internet activities alone but extends to counterfeit pharmaceuticals, designer merchandise, music, movies, etc.

Surprisingly, the final draft will not have the endorsement of China, one of the largest counterfeit producers. Hence, looking back to past events on taking action against China in regards to infringements, the trade pact is expected to encounter similar stalemate while implementing a likely ratified deal. Participants in the negotiations included Australia, Canada, the European Union, represented by the European Commission, the European Union Presidency (Spain) and EU Member States, Japan, Korea, Mexico, Morocco, New Zealand, Singapore, Switzerland and the US.

Many ACTA dissidents blame the secretive or undemocratic nature of reaching the agreement by not revealing the details for public discussion. On the other hand, WIPO provides scope for public scrutiny with an added advantage of the inclusion of major counterfeiting countries in negotiations.

Meanwhile, the tech firms are understood to be apprehensive about ACTA’s secondary liability clause, which recommends the responsibility of copyright infringement behaviour of the user on the online service provider. The clause will possibly affect social networking sites, video-sharing sites and several other user-generated content sites including the online encyclopaedia, Wikipedia.

Last month, a statement signed by senior trade-union officials from New Zealand, Australia, Singapore and the US raised the question of intellectual property rights becoming an element in the free-trade negotiations. However that fear is put to rest by officials at the eighth round of ACTA negotiations calling the deal as a ‘standalone’ one, and would not tinker with FTAs.

According to sources, the draft will leave out three-strikes provision that would require border agents to search the contents of electronic devices. Experts term three-strikes a preposterous idea as it would virtually bring every transit cell to a standstill.

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Cameroon Pet Fishers Start to Earn More via WB-backed Project http://www.cosmizen.com/2010/04/cameroon-pet-fishers-start-to-earn-more-via-wb-backed-project/ http://www.cosmizen.com/2010/04/cameroon-pet-fishers-start-to-earn-more-via-wb-backed-project/#comments Fri, 02 Apr 2010 08:29:34 +0000 http://www.cosmizen.com/?p=813 Continue reading]]> A sustainable aquaculture program developed by the World Fish Centre (WFC) with the sponsorship from the World Bank (WB) is bringing about a change among the ornamental fishing communities of Cameroon. The sustainable aquarium fish-breeding program is believed to directly feed the demands of the global aquarium fish industry worth about $570mn.

Many species of popular aquarium fish come from West Africa, specifically from the Lower Guinean rain-forest in Cameroon, reported VOANews. Europe, the US and Japan are regarded as the largest importers of pet fishes.

The WFC has set up a network of fishing communities around the Southern and Central Cameroon, and imparted training programs to improve the handling of all kind of fishes. Subsequently, the centre ensured that the fishers in the ornamental fish industry received fair wages. Species such as the shimmering epiplatys, striped barbus jae and the red-toothed pungu are collected in streams and river basins with hand-held nets, and fishers received up to 20 cents for each fish.

Randall Brummett, a senior scientist in Cameroon with the WFC said he came up with the project after a veterinarian at Charles de Gaulle Airport in Paris informed him that 90 percent of the pet fish shipments arrived dead. The project is understood to have overcome a major hurdle by extending the survival rate of the fish by 90 percent at the port of entry as against the two weeks’ shelf life of the aquarium companies of Cameroon.

However, he admitted that current storage facility, operated in conjunction with the sustainable aquarium fish company Gulf Aquatics was not big enough to hold the amount of fish supplied. He further added the WFC was trying to increase the storage facility to reach out to all remote rural communities in Cameroon to optimize their profits by getting rid of middlemen from the business process.

It has been understood that the project has yielded good results as many companies those paid lower wages have vanished from the markets owing to the WFC’s longer survival package. Brummett claimed “The fishers make about five or six times more than they used to, the main reason being that our survival rate is up to over 90 percent now.”

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Russia to Source Poultry and Meat from India http://www.cosmizen.com/2010/03/russia-to-source-poultry-and-meat-from-india/ http://www.cosmizen.com/2010/03/russia-to-source-poultry-and-meat-from-india/#comments Tue, 30 Mar 2010 11:34:58 +0000 http://www.cosmizen.com/?p=810 Continue reading]]> Russia will look at India apart from Turkey and Thailand to satisfy its poultry demand to tide over the shortage created by lack of supplies from the US and Brazil. The poultry imports from the US and Brazil are banned after detecting excessive usage of chlorine in their products.

Agriculture Minister of India Sharad Pawar is reported to have informed his Russian counterpart Yelena Skrynnik that his country had the capability to meet those demands as and when they emerged. While both ministers met at the sidelines of the BRIC Agriculture Ministerial Meet, Skrynnik told that though abundant stocks of poultry products were available at the moment, we would turn to India whenever a requirement sprang up.

A sudden demand for poultry in Russia has resulted due to the ban imposed on the US and Brazilian poultry as imports from these countries did not meet Russian poultry standards. According to sources, Russian sanitary standards are quite stringent than internationally accepted ones. The Russian poultry imports from the US at some point of time had even risen up to 80 percent in the past but the new sanitary requirements enforced since Jan 1 have completely stopped all imports from the US.

It should be recalled that India too faced several import bans including the existing one from Russia on its meat and poultry products. Nevertheless, a Russian expert group is expected to visit India shortly to review this long-standing export ban.

Pawar said India was exporting bovine meat and poultry products to 60 countries, including Europe, and there was “enormous potential” for exports to Russia as well. Likewise, Skrynnik apprised that Russia last year had imported 600,000 tonnes of poultry and one million tonnes of meat.

However, it is not known that the good news to the poultry and meat industry of India would turn sour to domestic consumers like that of Turkey as it has been feared in Turkey that the export approval for 500,000 tonnes of white meat to Russia could jack up domestic poultry prices significantly. Besides, the Turkish consumers are worried that the new orders from Russia would even cause severe poultry shortage in the country even though Turkish Agriculture Minister, Mehdi Eker argues that production for exports and domestic needs are met separately.

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Developing Nations Follow Rich – Pile up Arms with New Lucre http://www.cosmizen.com/2010/03/developing-nations-follow-rich-pile-up-arms-with-new-lucre/ http://www.cosmizen.com/2010/03/developing-nations-follow-rich-pile-up-arms-with-new-lucre/#comments Wed, 17 Mar 2010 06:38:33 +0000 http://www.cosmizen.com/?p=792 Continue reading]]> According to a new study, the emerging economies of Latin America as well as South Asia are amassing arms to improve their defence status with their new earnings delivered by globalization. In the past century if it was the advanced nations who indulged in this trend based on artificial threat perceptions, the developing countries are trying to replicate the same, in the present century, rather to enhance their defence status.

The Stockholm International Peace Research Institute (SIPRI) stated in its annual report that the global arms race had accelerated, most dramatically in South America and South-east Asia, despite the economic meltdown. The Swedish institute, which conducts independent research on arms trade and its implications, said global defence transfers in the last five years had risen by 22 percent, with Asia and Oceania the biggest recipients with 41 percent of the total.

According to the head of the report, Paul Holtom, resource-rich countries were setting the trend by using their earnings to build out their combat aircraft fleets, and neighbouring rivals had reacted to these acquisitions with orders of their own. Furthermore, he questioned the rationale of these countries’ defence procurement policy in the allocation of resources in regions with high levels of poverty.

The study pointed out that it was able to witness a significant demand for combat aircrafts, and warned that deliveries of combat aircraft could fuel an arms race in the Middle East, north Africa, South America and south Asia. It said combat aircrafts accounted for 39 percent of major US weapons sales over the past five years, and about 40 percent of Russian arms exports.

Without any surprise, the US continued to top the chart with 30 percent of the total arms exports, followed by Russia at 23 percent, Germany (11%), and France (8%). It should be recalled that the study period was inclusive of more than two years of global economic contraction. However, the report was not in a position to provide the cost of the arms trade as most governments no longer released the figures.

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Removal of Ban on Beef Imports by Australia Sets off Dissent http://www.cosmizen.com/2010/03/removal-of-ban-on-beef-imports-by-australia-sets-off-dissent/ http://www.cosmizen.com/2010/03/removal-of-ban-on-beef-imports-by-australia-sets-off-dissent/#comments Wed, 03 Mar 2010 02:17:52 +0000 http://www.cosmizen.com/?p=776 Continue reading]]> Protectionism versus safety took the centre stage of debate between the Rudd administration and the domestic beef industry along with the main opposition while the Australian government declared the removal of ban on beef importation on Monday. Prior to the announcement, the Coalition senators and about 1000 beef producers gathered in Armidale to protest against the government’s possible new ruling.

In 1996, Australia was forced to impose ban on beef imports from the UK and later in 2001 for countries including the US and Canada after these beef exporting nations reported cases of mad cow disease or the BSE. People could contract this disease if they consumed portions of brains or spinal cords of infected animals.

Under the new importation laws, only imports of muscle meat, or products of muscle meat, that is not infected with the BSE will be allowed into Australia. The country of origin must apply to the Food Standards Australia New Zealand (FSANZ) for permission to export beef to the region. The minimum period for the application assessment is fixed at 20 weeks, and if situation warrants, the applicant has to undergo an in-country inspection that could even delay the process beyond the normal time frame.

However, the major exporting nations such as the US and Canada do not meet the Australian stringent safety standards. But the Agriculture Minister of Australia Tony Burke said the country’s strict quarantine standards for beef and other products must not be an excuse for protectionism.

On the contrary, Queensland Nationals Senator Barnaby Joyce and NSW Liberal Senator Bill Heffernan stated they would move a private bill proposing that exporting countries installed the Australian-equivalent testing regimes and traceability standards to protect citizens from eating contaminated beef. Likewise, Nationals Leader Warren Truss as well as Page Nationals candidate, Kevin Hogan voiced similar concerns over the non-labelling of the origin of beef as they felt consumers should have the option to choose what was safe for them.

According to sources, supermarkets including Coles and Woolworths have shown solidarity with the domestic beef industry by declaring that they would only sell the Australian beef. Nevertheless, a spokesman of Woolworths admitted that it would be beyond its control to identify what beef went into processed foods, such as meat pies and canned products.

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