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Thursday, March 27, 2008
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Monday, March 24, 2008
Brown and Sarkozy to call for greater banking transparency
World News Story
Mr Brown and Mr Sarkozy will also speak about increasing the role of international organisations such as the IMF
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The French president's visit to England comes during global turmoil in the financial markets with the US federal reserve making a 0.75 per cent interest rate cut to provide a spur to the global economy.
Prices of oil, gold and other commodities have reached record highs in the past few weeks and losses caused by subprime mortgages have resulted in the collapse of Northern Rock in England and the sale of global investment bank Bear Stearns.
According to British officials, Gordon Brown and French president Nicolas Sarkozy will ask banks to ensure "greater transparency in financial markets" and to engage in the "full and immediate disclosure of the scale of write-offs".
In addition, Mr Brown and Mr Sarkozy will also call for a review into the operation of credit rating agencies - firms which provide information about the reliability of bonds - amid concerns that they are paid by the same investment banks who create the internationally tradable loans.
The two leaders will also discuss proposals to give the International Monetary Fund a greater role in ensuring economic stability by providing information on events that could lead to global financial crises.
Both countries, who are permanent members of the United Nations security council, are also keen on improving the 15-member body's representation of the world by calling for a permanent seat for Africa.
Radio industry banking on 'iPod fatigue'...
As in other areas of media, the music industry is finally starting to come around to the difficult truth that we now live in a world in which consumers expect information and entertainment to be free. Efforts to sell music by subscription have mainly failed. (Yahoo recently gave up on its Music Unlimited subscription service and sent its customers to Rhapsody, another struggling music provider.) But traditional radio’s offer of free music surrounded by audio advertising is also being rejected by a generation that resents undesirable interruptions.
“They want to be the program director and they insist that the program be free,” says Jerry Del Colliano, a professor of music industry at the University of Southern California and a former executive at Top 40 WIBG in Philadelphia. “Young consumers don’t have that need that we older folks have to have someone knowledgeable about the music tell them what’s new. They have their social network to tell them what’s cool.”
With increasing evidence that many people suffer from iPod fatigue—they know too well what’s stored on their player and they crave surprise—several companies are trying to figure out what blend of user-generated content and expert guidance will attract an audience.
Bank Officers - Corporate Banking / Trade Finance Operation / Finance Department
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China's pending collapse: hidden corruption, cults, terror, banking, outsourcing, finance
by Asia globalization, finance, politics study • Monday, Mar. 24, 2008 at 1:05 AM
Chaos or prosperity for China ahead? Has China's ongoing reform altered the nation's political-economic landscape as far as government corruption is concerned? What is the next if this corruption goes deeper? Get the lastest analysis and information from leading experts on the ground inside China.
The price of Chinese corruption: what is the next in China's politics, finance, society, stability and international relations?
Asia Globalization, Travel, Politics Institute
Has China's ongoing reform altered the nation's political-economic landscape as far as government corruption is concerned? What is the next if this corruption goes deeper?
A compelling new report says that runaway corruption in China poses a lethal threat to the nation's economic development and "undermines the legitimacy of the ruling Chinese Communist Party."
Evidence from official audits, press articles and law enforcement data, the report says, indicates that "corruption in China is both pervasive and costly."
Bribery, kickbacks, theft and fraud, particularly by government officials, are said to be rampant.
Pei Minxin (裴敏欣) wrote the report issued last month by the Carnegie Endowment of International Peace, based in Washington. Pei is a political scientist educated at the Shanghai International Studies University. He earned his PhD at Harvard and his work has been widely published in the US.
The report asserts that corruption in China "has spillover effects beyond its borders" that hurt US, Japanese and other foreign investors.
"Illicit behavior by local officials could expose Western firms to potentially vast environmental, human rights and financial liabilities," the report says.
Public statements by Chinese President Hu Jintao (胡錦濤), Premier Wen Jiabao (溫家寶) and other senior Chinese officials suggest that China's leaders are well aware of the widespread problem but have been unwilling to curb it.
The report says: "The odds of an average corrupt official going to jail are at most 3 out of 100, making corruption a high-return, low-risk activity."
If Hu comes down too hard on corruption, he risks losing support of the delegates at the recently held party Congress who elected him. Those delegates are drawn largely from party officials at the local and provincial level.
Pei is not alone in assessing corruption in China. George Zhibin Gu ( 顾志斌), an investment banker who was educated at Nanjing University and earned a doctorate at the University of Michigan, has suggested that corruption may destroy China's economy, which has been growing at 8 percent to 10 percent a year. In the West, a 3 percent growth rate is respectable.
Much more systematic analysis and information is contained in Gu's two new books: 1. China and the new world order: how entrepreneurship, globalization, borderless business are reshaping China and the world; 2. Chin's global reach: markets, multinationals, globlization. Gu is based in Guangdong, China. His two books contain field investigations and a number of interviews with Chinese officials, business managers, farmers, scholars and researchers. There are surprising findings throughout the work.
Moreover, China's Xinhua news agency frequently details specific instances of corruption. Last week, the Chinese government was reported to have banned fire department officials from receiving sexual favors from companies seeking their protection.
Scrutinized through a wide-angle lens, corruption is just at the forefront of the internal ills that jeopardize China's economic and political strength. Unemployment and under-employment, in which a worker has only one or two days of work a week, may be over 25 percent. Paradoxically, China has begun to experience shortages of the skilled labor needed for its expanding industries. Economic progress has been uneven, with coastal cities leaving the rural interior far behind.
"Corruption in China is concentrated in the sectors with extensive state involvement," the Pei report says.
That includes construction of dams, roads and electrical grids. The sales of land or granting user rights are susceptible, as are financial services and heavily regulated industries.
"The absence of a competitive political process and a free press in China makes these high risk sectors even more susceptible to fraud, theft, kickbacks and bribery," the report says.
Pei cites a study done last year asserting that about half of those engaged in corruption were involved in infrastructure projects or land transactions.
Even so, the report says: "Beijing punishes only a very small proportion of party members or government officials tainted by corruption."
US, Japanese and other foreign investors may be put at a competitive disadvantage by rivals who engage in illegal practices to win business in China, the report says.
"Corruption puts Western firms' intellectual property rights particularly at risk because unscrupulous local officials routinely protect Chinese counterfeiters in exchange for bribes," it says.
While the report doesn't say so, US firms that pay bribes may violate the US Foreign Corruption Practices Act of 1977 that forbids kickbacks and bribery abroad, no matter what the customs of other nations.
The report also says: "Corruption in China affects other countries through the spread of cross-border crimes such as drug trafficking, human smuggling and money laundering."
But what is really behind China's deadly corruption? Pei is short on this deeper issue, but George Zhibin Gu in his books pinpoints on the root-causes: "unlimited bureaucratic power, which is based on cults and terror, is the root-cause of this ongoing China's corruption. And as long as this bureaucratic power remains in place, corruption can hardly be contained in any practical way."
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| Partner | Partner Location | Level | Customer References | Business Focus / Competencies | More information | |||||||||
| Suma s.r.o. | Headquarters Office |
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| www.sumanet.cz... | |||||||||
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| TELCAT Kommunikationstechnik GmbH | Headquarters Office |
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| www.telcat.de... | |||||||||
| TELCAT bietet Leistungen rund um die Kommunikationstechnik an. Dazu zählen Services im Bereich der Informationstechnologie, Telekommunikation und Nachrichtentechnik . Dabei reicht die Palette vom Produktvertrieb, über kleine Lösungen bis hin zu komplexen Services (TK- und IT Betrieb, VoIP, Festnetzdienste, Video, Messaging, Sicherheit, Netzwerktechnik u.v.a.m.). TELCAT setzt hierbei auf Produkte leistungsfähiger Partner wie Microsoft. Ganz gleich ob SBS oder Exchange, Office- oder... | ||||||||||||||
| 北京东联网际科技有限公司 | Headquarters Office |
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| www.zgconline.c... | |||||||||
| About Linisi Company Introduction Headquartered in China' s center of economy and technology,Linisi Software Development Co.,Ltd (www.lns.com.cn), is a premier provider of advanced software & SI solutions for enterprise communication and value-added service in China. With years of sales and SI project background ,Linis has formed strategical partnership with tycoon conglomerates and industrial heavyweights. In the tight cooperation with clients and partners, it's Linis's belief... | ||||||||||||||
| C.N.D.P.I. ROMSOFT S.A. | Headquarters Office |
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| www.dc-shop.ro... | |||||||||
| Romsoft was established in 1991 and it is a privately owned Romanian company. The company has 700 employees which are specialized in different areas: sales, technical support, logistics, marketing, and which bring value to our company. we are an official distributor for brands such as ASUS, LG, PLEXTOR, HYUNDAI, XFX, TRENDNET, GENIUS, THERMALTAKE, TWINMOS, OCZ etc, brands that were selected over the years as solid long-term partners. Romsoft is a distributor and a retailer. 1.We... | ||||||||||||||
| SPIE Infoservices | Headquarters Office |
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| www.spiecom.com... | |||||||||
| A major player in computer services, networks & telecoms in France, SPIE Communications is positioned at the heart of voice-data convergence (through its services and solutions offer which is constantly enriched) and as one of the leading computing services companies through its facilities management activity around workstations and servers. SPIE Communications’ 2007 sales are estimated at 300 M€. SPIE Communications focuses its growth on “local service”, providing answers almost immediately... | ||||||||||||||
| AITEK | Headquarters Office |
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| www.aitek.ru... | |||||||||
| Microsoft GOLD Certified Partner | ||||||||||||||
| Intant | Headquarters Office |
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| www.intant.ru... | |||||||||
| The company Intant works at the market of the computer technics and information technologies more 16 years, and has proved itself reliable and solid partner, both amongst clients, and amongst professionals of the computer business. Guidelines of activity of the company are supply of the computer technics, equipment, software, system integration, introducing the corporative information systems, managerial systems by financial and economic activity and consulting in the field of information... | ||||||||||||||
| ALLDIS Computer GmbH | Headquarters Office |
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| www.alldis.de/... | |||||||||
| Distributor für EDV und Telekommunikation | ||||||||||||||
| Proton Computer Vertriebs GmbH | Headquarters Office |
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| www.proton.net... | |||||||||
| Die proton Computer Vertriebs GmbH mit Sitz in Bonn wurde im Jahr 1990 gegründet und behauptet seitdem eine regional führende Stellung als Hersteller von IT-Hardware und IT-Dienstleister. Mit einem umfassenden Produkt- und Lösungsportfolio deckt proton die Bandbreite des Personal Computing und Enterprise Computing ab - von Desktop-PCs über professionelle Workstations bis hin zu Intel® basierten Servern. Im Bereich IT-Hardware erstreckt sich das Produktportfolio auf die Produktion der... | ||||||||||||||
| E-CHO Sp. z o.o. | Headquarters Office |
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| www.e-cho.eu... | |||||||||
| computer hardware and software sales, local ISP, implementation and installation of various computer systems, sales of own software products (trading), production of custom software, cash register sales and accessories | ||||||||||||||
IMA's Free CD MATCH Software Utility for Consumers Goes 'Gold'; Software to Reduce CD-ROM Title Returns Available Via Web Sites...
Publication: Business Wire
Date: Monday, February 5 1996
Subject: Public relations, Marketing, Desktop utilities
Product: Prepackaged software, Desktop Utilities, Software Publishers
Date: Monday, February 5 1996
Subject: Public relations, Marketing, Desktop utilities
Product: Prepackaged software, Desktop Utilities, Software Publishers
You are viewing page 1
ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 5, 1996--The Interactive Multimedia Association (IMA), a worldwide trade organization representing more than 400 interactive multimedia technology developers and providers, today announced the release of the gold version of its CD MATCH(TM) software program for Windows, Macintosh and OS/2. The free software utility, which probes and then displays the current configuration
of consumer systems, is the cornerstone of the IMA CD MATCH initiative designed to improve consumer satisfaction and reduce retail returns of multimedia titles by helping consumers match the requirements of titles with their own system.The CD MATCH campaign has already garnered the support of over 60 industry leading organizations including Apple, Compaq, CompTIA, Corel, Electronic Arts, IBM, Intel, Macromedia, Philips Media - IMS and Prentice Hall School Division. The free CD MATCH software is now available through Web site or FTP access from both the IMA and IMA member company Horizons Technology, Inc., San Diego, CA, who developed the software, at http://www.ima.org/cdmatch or http://www.horizons.com/cdmatch. The CD MATCH Implementation Kit for industry developers, publishers and retailers is also available, and the IMA Uniform Label for CD-ROM titles will begin appearing on title packages in the second quarter of 1996.
Ampro To Be Acquired by ADLINK Technology
"This acquisition will be a win-win for ADLINK and Ampro, as it combines the competitive edge of both parties," said
"We are excited about this opportunity to grow, lower our costs, and bring our high-quality, standards-based modular embedded computing technologies into new markets," said Joanne Mumola Williams, president and CEO of Ampro. "I am confident that our customers will be as pleased as we are with the addition of these significant new engineering, low-cost manufacturing, and support resources."
"Ampro has a long track record of innovation and market leadership in this industry, and it's a privilege to contribute to this new entity's continuing success," said Rick Lehrbaum, Ampro co-founder and chief technology officer. "This combination makes us unbeatable."
The closing of this acquisition is expected to take place upon the completion of specified conditions.
About Ampro Computers Inc.
Now in its 25th year, Ampro is renowned as a pioneer in the "embedded PC" industry. The company originated the PC/104, PC/104-Plus, and EBX standards for stackable single-board computers (SBCs), co-created the popular EPIC standard for highly compact full-function SBCs, and more recently began offering a rapidly growing line of computer-on-module (COM) products in ETX, XTX, and COM Express formats. Ampro markets board- and system-level products based on these standards to original equipment manufacturers in a wide range of markets including medical electronics, defense systems, industrial control, retail devices, avionics, and wired/wireless communication equipment. Visit Ampro on the Web at http://www.ampro.com for more information.
About ADLINK Technology
ADLINK provides a wide range of embedded computing products and services to the test and measurement, automation and process control, gaming, communications, medical, network security, and transportation industries. ADLINK products include PCI Express-based data acquisition and I/O; vision and motion control; and AdvancedTCA, CompactPCI, and COM Express modules for industrial computing. ADLINK strives to minimize the total cost of ownership (TCO) of its customers by providing customization and system integration services, maintaining low manufacturing costs, and extending the lifecycle of its products. ADLINK is a global company with headquarters and manufacturing in
SOURCE Ampro Computers Inc.
Business & Meeting Centre
Business Services
Grand Hyatt Seoul's 590 square meter Business & Meeting Centre, is an expansive complex located on the 2nd floor of the hotel, housing a total of 10 meeting rooms with seating capacities from 6-16 persons. A variety of conference room configurations cater to both formal and informal meetings, including small corporate meetings, presentations, signing ceremonies, training seminars and other business oriented events. In addition, a total of four PC rooms are available for Internet use. The Business & Meeting Centre also offers a full range of dining services, on demand. It is staffed by bilingual personnel, proficient in both information technology and business support.
The Business & Meeting Centre provides leading edge meeting and business services in a warm, functional environment equipped with state of the art technology and equipment, featuring satellite video conferencing, multi-functional wall displays combining an LCD projector, white board, e-beam and interactive video display for notebooks, TV and DVD- all into one. Everything to meet the business traveler's meeting requirements.
The Business & Meeting Centre provides:
- Internet access
- Information on local commerce
- Personal computers
- Notebook rental service
- Cellular phone
- Secretarial services
- Appointment arrangement service
- Fax service
- Photocopying
- Translation
- Laser printers
- Multilingual translators and interpreters
- Airline booking and reconfirmation - complimentary for hotel guests
- Courier service
- Slide and overhead projector or video and monitor
- Computer projection panel
- Bookbinding
- Printing service
- Scanning
7:00 am to 12:00 am
Information & Reservations:
+82 2 799 8154
Valencia company makes TVs, computers disappear
Article Last Updated: 03/23/2008 10:45:16 PM PDT
VALENCIA - Virgil Walker is in the business of hiding TVs - in cabinets, behind portraits and even in the ceiling.
And now his Auton Motorized Systems' lifts, driven by rack-and-pinion, conceal everything from coffee makers that disappear into granite countertops to computers concealed into desk tops.
"We have endless possibilities," he said during a recent tour of his plant. "Whatever the imagination comes up with, we can make it happen."
A stunning hand-carved Mayan-style cabinet in muted shades - a mix of the ancient and the 21st century - opens by remote control to reveal a high-tech safe, used as a display at trade shows. Auton has sold four such safes at about $5,000 apiece.
Auton's two-story-high Smart Waiter - a modern version of the dumb waiter - sends loads up to 150 pounds between floors, using a single cable. Price tag: $4,800.
"It's great if you have a condo with the garage underneath: You can send the groceries upstairs," Walker said. "Or in a two-story home, you can lift anything that's too heavy to carry up or down the stairs.
Founded in 1955 in the San Fernando Valley, Auton has been headquartered in Valencia for 23 years. The company employs 39 people, mainly in on-site manufacturing. Most direct sales are to wholesalers.
While Auton first specialized in lifts that raised the hidden televisions from a cabinet, the high-tech age - with plasma sets and computers in multiple rooms - gave birth to all sorts of new ideas.
"I just like to make things move, make things happen," Walker said.
Auton did $5 million in business last year, Walker said, noting that his goal is $10 million annually once the economy picks up. A boost comes from the plasma-TV market. The nearly flat television set hanging on the wall begs to be concealed and is easily camouflaged.
A click of the remote slides a framed picture up to reveal a 50-inch plasma above the fireplace. In the kitchen, push a button: A ceiling panel opens, and the TV descends. Computers, too, sink into the surface of a desk or countertop, opening up space in the home, office or aboard a private jet or yacht.
Customers include the finest hotels from Las Vegas to China, studios, major corporations and cruise lines. Even in the White House, there are 10 Auton lifts.
"Guests in hotels call down to the desk and tell them there's no TV in their room," he said.
Auton counts among its patrons celebrities including Ben Affleck, Oscar De La Hoya, Jay Leno, Vanna White and Matt Damon. One customer in Dubai has a TV lift in each of his 12 bedrooms.
Auton's best sellers are the $2,200 In-Vis-O-Trak - the movable artwork - and a swivel lift that raises the TV and remembers the preferred angle.
"It is for people who have money, no question," Walker said. "We're doing a lot of media rooms."
The Texas-born Walker suffered an inner-ear ailment that caused vertigo and forced him to retire as a commercial pilot when only age 24.
A drapery-cleaning business came next, and his new field was born.
Walker, who lives in Stevenson Ranch, said he is an inventor at heart, and he came up with a remote-controlled system to open and close draperies. And, while installing draperies, he often had to move heavy furniture, including the cumbersome TVs of the 1950s and 1060s that were far more furniture than screen.
"I thought, what if we could hide this," he said.
"A lot of people have good ideas, they just don't move on them."
The earlier TV lifts were within large cabinets. Today's are designed within sleek steel frames. One corporate boardroom has multiple computer lifts, which sink beneath the surface, by the seats around the table.
About four times a year, Auton takes its products on the road to trade shows. The exposure has brought customers from all over the world.
"We sell to China," he said, noting that China, with its thriving manufacturing base, exports far more than it imports. "We sell to Dubai. There's a lot of money there."
Patricia Farrell Aidem pat.aidem@dailynews.com 661-257-5251
Davidson Hotels To Install Javelin Systems'NexDisplay Touch Screen Computers Throughout the UnitedStates.
Publication: Business Wire
Date: Monday, September 22 1997
Subject: Contracts, Point of sale systems, Hotels and motels
Company: Contracts00054439 " class="" templid="" wellid="" onclick="return ab_click(3471470,6979917);">Aspeon Inc. Contracts 00054439 , Contracts 00246339 " class="" templid="" wellid="" onclick="return ab_click(3471470,7007609);">Davidson Hotel Co. Contracts 00246339
Product: Electronic computers, Hotels and motels, Point-of-Sale Systems, Hotels & Motels, Electronic Computer Manufacturing
Date: Monday, September 22 1997
Subject: Contracts, Point of sale systems, Hotels and motels
Company: Contracts
Product: Electronic computers, Hotels and motels, Point-of-Sale Systems, Hotels & Motels, Electronic Computer Manufacturing
You are viewing page 1
IRVINE, Calif.--(BUSINESS WIRE)--Sept. 22, 1997--Javelin Systems Inc. (NASDAQ:JVLN), a leading designer and manufacturer of innovative touch screen computers, Monday announced that Memphis, Tenn.-based Davidson Hotel Company has selected Javelin's NexDisplay-5 touch screen computers for installation in its 25 hotels located throughout the United States.
The multi-year contract was obtained by Hurst, Texas-based Ibertech Inc., one of Javelin's largest strategic software partners. Under the terms of the contract Davidson will install Ibertech's Aloha TableService point-of-sale systems, configured with an average of four to five NexDisplay computers, in food and beverage locations within all of the Davidson Hotels including the Crown Plaza, Embassy Suites, Hilton, Marriott, and Sheraton properties as well as their flagship hotels. The first thirty systems are currently being installed.
"Our hotels' current technology consists of a mixture of point-of-sale systems and a variety of property management systems," said Fletcher Towell, director of Technology at Davidson.
"Our goal is to bring about a standardization and consistency in our information management technology by utilizing the Windows NT open-system platform. The selection of Ibertech's Aloha coupled with the open hardware architecture of Javelin's NexDisplay touch screen systems provides the means to achieve our goal."
According to Ibertech Director of Corporate Sales BillWEALTH BEGETS WEALTH.(Brief Article)
It took hardly any time for Charles Schwab Corp. to make a killing on its investment in E-Loan Inc. It paid about $3.70 each for 2.7 million shares of the online lender, at a total cost of $10 million, and by the end of the day, the shares were selling at $9.85. That was a paper profit of about $16.6 million. What's more, Schwab has options to buy another 13.1 million shares. Under the agreement, Schwab would pay only $3.75 a share for an additional 6.5 million shares and $15 each for the remaining 6.6 million shares. But will E-Loan ever make any money? It lost $1.97 a share last
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