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Ideas, Not Money, Alleviate Poverty
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I once believed that capital was another word for money, the accumulated wealth of a country or its people. Surely, I thought, wealth is determined by the money or property in one's possession. Then I saw a Deutsche Bank advertisement in the Wall Street Journal that proclaimed: "Ideas are capital. The rest is just money."
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Global Meltdown: Africa Needs Stable Exports : By Olusegun Sotola
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Since September 2008, the World has been gripped with financial crisis
that has simply overshadowed the two earlier crises: food and fuel. While
the first two crises were caused by persistent rise in cost of oil and
food for months, the financial crisis was caused by unsafe exposure of
financial institutions to loans that were not well assessed.
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America Is Economically and Militarily Distressed—Reflexes Of “Great Depression” Of 1930s
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The financial crisis that started with the U.S. housing industry and furiously spread to all financial establishments in the United States has triggered an unprecedented global financial panic; even corrupt international financial institutions like IMF (Fund) and World Bank (Bank) have joined the financial conversational dialogue, conjecturing indicators and ramifications of causes and effects on how we got here.
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Credit Card Companies Could Lower Your Credit Score
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Credit card issuers have begun lowering the credit limits of credit card users who have a late payment, apply for other sources of credit, or have their credit scores drop. This can then cause credit scores to drop even further.
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America Is Economically and Militarily Distressed—Reflexes Of “Great Depression” Of 1930s
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The United States is facing an economic and military crisis. It must be stated that this national crisis was partly instigated by greed, corruption on Wall Street, and by extension her interventional-belligerency on two fronts— Iraq and Afghanistan. For record, besides the Great Depression of 1930s, America’s financial institutions are witnessing a record breaking melt-down, a shattering imbroglio ever witnessed by mankind in recent history.
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The Rule of Law and Economic Development of Nigeria
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In conjunction with monetary stability (or instability) and fiscal equilibrium (or disequilibrium) the rule of law defines the conditions of stability or otherwise of any economy. Fundamentally, the rule of law refers to the equality of all before the law such that the law and not the discretion of men rule all citizens of the country who are in turn expected to obey the law and live as it permits. Under military regimes, the head of state is synonymous with the law because whatever he pronounces as law stands.
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Should the Suspended Status of Proposed Naira Redenomination Subsist
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"Although this argument implies that the redenomination policy should have stayed buried, the ruling coalition in government seems to think it is a good idea, perhaps because nationalist sentiment has increased or because Redenomination seems like a quick fix to the nation's economic difficulties". "After nearly a year after its suspension, the Strategic Agenda for the Naira mooted by the Central Bank of Nigeria (CBN) may now get the approval of the Federal Government.
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Africa Finance Corporation and Other Probes
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These probes could not have been targeted at any ethnicity or region… nor a battle of supremacy between the North and the South as every section of Nigeria has its individuals and groups as beneficiaries as well as victims of the past actions. Probing the probes may make the picture clearer.
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Exports are EXPLODING but Minority are under-represented
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Why are the Minority being under represented? Lack of Knowledge. As minority and women-owned small businesses grows, participating in the global marketplace, we face unique challenges. Lack of knowledge about government programs available to support our overseas investments, the scarcity of private sector capital to pursue opportunities abroad, or concern over political risks in emerging markets, and how it can prevent minority and women-owned businesses from expanding overseas.
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Naira Redenomination: Winners and Losers
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For when we speak of my dear country Nigeria, we speak of absolute abnormalities and/or extremities that exist as normal conditions. For a country so driven by forces of extremities, good and evil is better explained through the zero-sum lens than the relativist's spectrum.
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Soludo Is on Point But Must Go Farther
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For the first time in Nigeria, public policy is being driven by experts, who know what they do, why they do it and how to do it. The why, when and how has now been taken away from the territory of the marabouts, political jobbers, and half-baked consultants. That is why the erstwhile owners of Nigeria are shitting in their pants, running around making noises about “imperialism”. What a bunch of jokers!
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Fixing NNPC: Dangote Business Plan on Steroids
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Immediately the investigation is concluded and Ribadu gets to do real police work instead of vain PR and grandstanding, the NNPC as a mater of necessity must be broken up into three integrated petroleum giants with differing strengths but shared capabilities in refining, petrochemicals and oil prospecting...There are enormous benefits to Nigeria refining her crude oil. Not only will the multiplier effect of adding value to such product be enormous, but the foreign exchange and employment provided by these activities cannot be discounted.
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How Dangote Is Double-crossing Nigeria!
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There is no doubt in my mind that Alhaji Dangote is a smart businessman but it is the responsibility of the government to regulate business not to be in their pocket as the BPE clearly is. There is aright and wrong way to privatize Nigerian government owned businesses, and I have no doubt in my mind that no smart business man will pour $720m in scrap refineries as that loud mouthed Senator Obasanjo-Bello would want us to believe.
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BIOREMEDIATION: AN ANTIDOTE TO OIL SPILLAGE PROBLEMS
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Bioremediation is the use of biological agents such as bacteria or plants to remove or neutralize contaminants, as in polluted soil or water. The use of bioremediation had been proven on many projects to be effective. It involves enhancement and augmentation technology for efficient environmental clean-up of oil and other hydrocarbon in water and soil. The discovery of bacteria and other microscopic organisms by a French scientist Louis Pasteur (1822-1895) was generally regarded as a major breakthrough in the medical world.
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West must prepare for Chinese, Indian dominance: Wolfensohn
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Western nations must prepare for a future dominated by China and India, whose rapid economic rise will soon fundamentally alter the balance of power, former World Bank chief James Wolfensohn has warned. "Within the last two weeks the world has been put on notice that Africa is no longer the basket case that everybody had historically thought it was but is now front and centre in terms of development by India and China."
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African Allure
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The new big thing in Africa isn't America, it is China. And, for that reason African leaders converged on Beijing this week. On paper, at least, there is a plan. When African leaders headed for the Chinese capital Beijing this week for the Forum on China-Africa Cooperation FOCAC, they were presented with an attractive package. China has pledged $3 billion in preferential loans to Africa and $2 billion in export credit. Beijing also plans to train 15,000 African professionals in China. It is estimated that some 2,700 deals were clinched during the first ever Sino-African summit that took place 4- 6 November. In Beijing the race is on for courting Africa.
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Minimize the Drama/Do the Job
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“Dramalism: a consistent pattern of unfiltered, self-centered absurd
behavior acted out on a daily basis in work settings across a range of
organizations for the express purpose of disrupting productivity and
creating chaos on a moment’s notice.”
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Wake Up and Take Care of Your Career
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Individual careers have been derailed by a far
more subtle, yet powerfully dangerous form of sleeping on the job. In this
instance, an individual is completely awake, interactive and no more or less
productive than the next person, but they are clueless as to the events
surrounding the work cube
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Leadership and sustained engagement by Lee Meadows
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You would be hard pressed to find a more intriguing and compelling story of leadership and commitment to what is achievable than the Detroit Tigers and meteoric rise into the upper echelon of baseball’s elite. Whatever the final outcome of their march to the top, there are numerous questions which will be pondered and debated during the winter months by pundits and fans alike.
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