It has been 20 years since the Black Monday in 1987 when stocks crashed almost 23 percent in one session. Market watchers ask: “could it happen again?”
Views are equally distributed on whether it could happen again. Thank to technology, the world’s capital markets are 100 times more automated today than back in 1987. And that is what makes some senior folks think that a rapid fall is more easily possible today than in the past. Alan Greenspan says:”bubbles are only visible in hindsight”. Watch the video to learn more.
With about 10 million people online on Skype at anytime, it’s probably the biggest communication channel in the world today, and with many new paid-plugins coming for improving the productivity from Skype, more people are using their credit cards to buy Skype minutes and also various plugins, like for call recording, fax, etc. In all Skype is rapidly established as a communication base for both people on a tight-budget and well-off professionals who like the convenience of having free online telecons, and other office tools.
All this activity has resulted in multiple phishing attacks on Skype in the recent weeks. That sets the set for a new Skype malware/trojan that calls itself Skype Defender, which sounds like a security plug-in. On Oct 16, Skype has given a warning on its own blog about the Skype Defender Trojan Alert
The trojan steals your Skype login and password and passes it somewhere else. And it also steals any passwords saved using Internet Explorer (IE). Why is IE constantly behind Firefox in security despite having more resources? You can’t change the world, but you can change your browser. Consider using Forefox – its a safer option.
If you are in New York city, you would have surely noticed one of the brightest campaigns by India Inc.
The Incredible India@60 event is currently running in New York City (Sep 23-26). It was inaugurated at the Lincoln Center, New York City amidst a large of the Indian Americans and American businessmen and diplomats. Incredible India@60 is organized by Confederation of India Industry (CII) and the Ministry of Tourism, Govt. of India showcases the vibrant, participative democracy that is India; presenting the face of a changing nation to an international galaxy of top political, business and media leaders who have congregated in New York for the UN General Assembly.
The CII and its business leaders, including Nandan Nilekani and Sunil Mittal, have done a great job of using their collective business experience and applying that to create a super-professional India package.
The International Monetary Fund (IMF) will revise its figures for global growth after the recent financial tumult. The largest downward revision is expected for the U.S. economy but the IMF says growth will likely slow in Japan and parts of Europe as well. Contributed by: BusinessCenter.TV -Sep 7, 2007
My reading of the situation: it’s not bad at all compared to the difficult times we have seen before over the last 2 decades; so let’s not get jittery for every pothole on the road. And as far as I know, businesses that are using online channels today to reach customers worldwide are really growing at an attractive pace. So if you are deriving over 90% of your revenues from offline methods – BDMs, Sales Staff, Channel Partners, etc- you are at risk. I have absolutely no doubt in that because your cost structures are just too high compared to your competition which may be using online methods to get up to 50% of their revenues. I can say this because we recently helped a business in increasing the online sales component while reducing the sales force effort. It’s possible and it’s happening.
