World's Most Innovative Companies

Forbes has released a list of the most innovative companies in the world (7.21). One of the interesting things from the list this time is that the Apple company which is a firm champion of the most innovative subscription, not this time managed to become champion and ranked only number five position. It is not a sign that Apple is losing its innovation capability, but it is a reliable sign that the innovators in the U.S. more diligent in doing so raise standards of innovation research firms in the country. So which companies are included in the list of prestige, and what are their strong points? Here are three of them.

Salesforce.com 

is a leading provider of cloud computing for enterprise applications. Salesforce.com provides applications for the use of Internet-based computing and storage technology for client companies. The company is designing and developing offerings that can be customized and integrated with other software applications. The company is marketing its services to businesses by way of subscription, mostly through direct sales and also through partner services. In May 2010 the company acquired a Jigsaw. In January 2011 the company acquired Heroku and Dimdim. Salesforce.com is also one company that has the fastest growing technologies in the U.S..

Amazon.com

The company which is the largest online retailer in the world is no doubt in terms of innovation. Amazon.com is a pioneer in providing e-book. Amazon.com business focuses on three customers are retail customers, vendors, and companies. The company also derives income from marketing and promotion services, such as the provision of online advertising and treaty co-branded credit card. Amazon.com Web site design in order to facilitate manufacturers sell their products in various categories. Amazon is the manufacture of Kindle e-reader. The company offers customers a membership in Amazon Prime. In February 2010 the company acquire Touchco, touch-screen technology company.

Intuitive Surgical

Intuitive Surgical is a company that designs, manufactures and markets the da Vinci Surgical System, which is a super-sophisticated system of surgery. Da Vinci Surgical System is used to perform a variety of specialist surgery, including urology, gynecology, cardiac surgery, general surgery's trans oral surgery. In December 2010 then the company has installed the 1752 da Vinci Surgical System. During the year 2010 then the company introduced the da Vinci e Si-Si system and the da Vinci Surgical System.

Judging from the type of business that was involved by most companies that enter into the list of most innovative companies in the world, it seems the tech sector is still a sector that contributed the most innovation. This is a signal that the technology will make the company more innovative.

Why People Buy Stocks?

This essay is about the definition of financial instruments and how the shares of stock are created so that when you buy a stock, you become a business owner. This paper will elaborate on why people buy stocks that may sound cliché, especially when the stock market experienced a much reduced rate of value from the initial price when purchased, but over the long term stocks are a good investment. The numbers are there to prove it. Note the past stock market has proven to give results that exceed the payoff other investment forms. Why invest in the stock market while putting money in savings accounts or deposits may be safer and have a high interest rate? Stocks of financial instruments have a very different form with the Savings and Deposit products, however, puts the fund in shares of financial instruments, despite the risk, to date, the rate of return or the return for stocks is very much comparable to results obtained from the trade-off level Savings and Deposit rates, even though property. The risk can be overcome by having your stock portfolio is balanced and you hold the stock in the long run - for example five to seven years. What about market conditions in 2010 the last or first half of 2011, many people said the state of the market up and down like a "roller coaster". In these conditions many people put their money on the instruments and bond even Savings Deposits. Placing funds in different instruments is a balancing act of investment portfolio to spread investment risk. When the level of interest received from bonds is very small as are the Savings and Deposit interest rate lower than the inflation rate, then select different stocks to balance the risk in a portfolio is an investment option that can yield the best payoff.

Rise and Down in the Stock Market.

Stock markets can be described by the market or supermarket. Surely you frequently compare the price of fish, or meat, or vegetables, the same thing also happened with stocks. Market perform the same basic tasks where there are buyers and sellers according to prices determined by supply and demand. Taking the example of food prices in the market, where price cuts or discounts with the best and the type of fish or meat would be the most fresh fish or meat or vegetables are most in demand and therefore prices will be the highest. In the stock market, the main driver of stock prices is the prospect of profits and risks associated with investing. So if the markets take into account the profit a company will remain or increase during the next few years, its shares will be sought from shares in group earnings is expected to drop.

What is Cloud Computing?

Cloud computing is a concept of understanding in the course of making an online framework for Local Area Network (LAN) and internet, where there are diverse applications and data (files) and storage media that can accessed and used to share and simultaneous access by individuals users or corporate users. Cloud computing is different from or Parallel Computing Grid computing, where computing Grid and Parallel computing is more a part of the physical infrastructure for the provision of the concept of Cloud computing. Conventional server will be limited by the number of processor cores, hard disk and memory. With physical limitations that exist then we may not weigh a conventional server with a maximum load. If the resource / resource runs out, then we usually have to reinstall all your applications and data in a larger capacity server and migrate all existing applications to a new server. It will take 1-2 days to set up a new server, and even then if there is no problem.

What is interesting from Cloud Computing is different from conventional servers, especially :

• Physically, a collection of hardware / server is connected in a network (LAN / WAN). But from the side, the user can see as a big computer.
• There is no limit to the capacity of the processor, hard drive capacity and memory capacity.
• There is no limit to how many "hosting" server that runs behind it.
• Adding a "hosting" it only takes a few minutes.
• If there is a shortage of resources (resources), be it a processor, disk and memory, we can very easily add additional servers and can directly integrate into the network cloud. It took about 20 minutes to set up a server's empty / just to be able to integrate into the network cloud.

Access Mechanism of Cloud Computing

Access mechanism to the cloud computing "may" be able to run a wide variety - ranging from standard access LAN or intranet with minimal client applications or agents, to the extranet and internet access through a browser connected to a portal application of cloud computing service providers. Application protocol being used can vary, but this is not too significant when viewed from the side of the end-user (read: transparent), where the end users enough to know how to access and utilize the services contained on Cloud computing.

History of Cloud Computing

Cloud computing in its history "probably" is not new. Some examples from history proves that it has developed the concept of making online computational framework is - as follows:

• An internet portal which has a range of public service facilities (read: the application) ranging from electronic mail (e-mail), discussion (read: a web forum) to document storage with a very large storage media (even some that provide in unlimited storage / unlimited storage space) - to the mechanism of sharing documents (read: file sharing), etc. blog service. All are provided in a place.
• Services Software as a Service (SaaS) from a variety of leading information technology vendors - ranging from online virus scanning service to the spam scanning service, etc.
• Service SpeedyWiki This can simply be referred to as the basics of Cloud computing in the sense that this SpeedyWiki facility can be accessed and used simultaneously to collaborate in developing a highly complex documentation.
• Application Point of Sale or POS in supermarket checkout with Terminal Services method can also be categorized basics of Cloud Computing.

Advantage of Cloud Computing

Cloud computing can be developed due to the terms of "ease" of use where the end user with a "fairly relatively" easy to use media LAN or the Internet through a browser to access and collaborate simultaneously without going through the process "enough" complex.

Cloud Computing Software

Lately developed a clear form (or at least a common platform / common form) of the concept of Cloud Computing to be implemented in general and more widely, such as the following example:

• Virtualization

• Ubuntu Enterprise Cloud (UEC) ** RECOMMENDED **

• Proxmox

• OpenStack

• OpenNebula

• Eucalyptus

• Eucalyptus: Web Cloud Controller

• Amazon Web Services

• Elastic Fox

• Euca2ools

• cloudmin

• virtualmin

• nimbusproject.org

Related Technology Cloud Computing

• Grid Computing and Parallel Computing

• Server Clustering and Server Load Balancing or SLB

• Network Attached Storage or NAS

• Storage Area Network or SAN

• Application Server or Application Server

Tropical Nature Traveler

For you, a tropical nature traveler and search for destination of tourism with all its beauty and uniqueness as well as the hospitality of its inhabitants, Indonesia is the first country you should visit. There are 50 National Parks in Indonesia, which is managed under the Ministry of Forestry Republic of Indonesia. Six of them, designated as a World Heritage Site (World Heritage Sites). Forest nature reserves or forest areas are managed to protect biodiversity or natural beauty in it. Other terms are forest conservation or the conservation area. Included in the category of forest nature reserves are nature reserves such as nature reserves and wildlife reserves.

Nature conservation area as national park, nature tourism and grand forest parks on the mainland. Biosphere reserves in the mainland are usually included forest nature reserves. Nature reserve is a area because of its natural state has the peculiarity of plants, animals, and a particular ecosystem or ecosystems that need to be protected and development take place naturally.

You can see the full summary on :
National Park Adventure

Diet For Various Disease

In line with the more established one's life, to need better food also increased. It is characterized also by the healthy food choices and proper. Health is closely related to the physical qualities, and physical quality is closely related to food consumption.Diet can be defined arrangement or selection of food to be eaten by a person or group of people. Thus, diet does not mean losing weight, but could be more widespread means of setting the daily diet to stay healthy, food arrangements for the athletes, for special purposes and healing.

The diets for various diseases are: 

Diet For People With Diarrhea; Food in general arrangement for diarrhea sufferers usually have enough fluids, oral rehydration salts solution. The temperature of hot meals, soft form of food, spices do not stimulate, vegetables and fruits does not cause gas.

Diet For Measles; Are foods that have a soft texture. Caloric needs are higher than the normal requirements. Sources of protein 1 ½ x normal requirements. Given food in small portions but more often it is 5-6 times a day 

Low-Purine Diet; Low-purine diet is usually given to patients with gout. Gout is a disease associated with excess levels of uric acid in the body. Levels of purines (uric acid) in the daily diet by replacing meat with lower levels of purins such as eggs, milk and cheese. Low-purine diet contains only 120-150 mg purines (normal daily food only 600-1000 mg), sufficient calories, protein, minerals and vitamins. High carbohydrate and fat. Much to drink can help remove the acid Excessive uric. 

Diebetis Mellitus (DM) Diet; The goal is to ensure that food served in accordance with the body's ability to use it. The thing to note is the number of calories according to weight, height, gender, activity, body temperature and metabolic abnormalities. Refined sugar should not be used and the amount of carbs adjusted to the ability of the body.

Fiber High Diet; Diet is also called calory and given a diet low in order to stimulate intestinal peristalsis to return to normal. Food intended for patients and disease obtivasi vertikular. Terms of dietary calories and vitamins is quite a lot of fluids (2-2 ½ liters of calories). Types of food recommended mashed rice, black glutinous rice, beans, raw vegetables, and fruits are eaten with the skin.

Low Calorie Diet; This diet is for weight loss for obese patients. The main requirement in the food reduced calorie 500-1000 calories below normal requirements. The reduction was performed on carbohydrate and fat, while the proteins to be slightly above normal requirements.

Diet for heart disease; Aiming for members to taste food without the burdensome work of the heart, preventing the accumulation of salt and water. The main requirement for this diet is low in calories, protein and fat are, enough vitamins and minerals, low in salt.

Diet for people with gallstones; This diet aims to provide a break in the gallbladder, reduce pain, maintain normal body weight and body fluid balance. Terms of foods for fat is provided should be easily digestible, calorie, protein and carbohydrate, high fat-soluble vitamins (A, D, E, K), sufficient minerals, lots of water, and seasonings that do not stimulate. The portion of a given small but frequent.

liver low-salt diet; Diet goal is to improve liver function disorders. Provision of food for this diet must be eligible high carbohydrate, fat and protein adjusted to body condition, sufficient minerals and vitamins. Avoid foods that have odd (cassava, rice, yams and taro) and seasoning food that stimulates.

Understanding Insurance

Life is full of unexpected risks or unexpected, that's why we need to understand about insurance. Some natural events that occurred in recent years and takes a lot of casualties, fatalities and property. In order to overcome the losses incurred, humans developed a mechanism that is currently known to us as insurance. The primary function of insurance is as a mechanism to transfer risk (risk transfer mechanism), the transfer risk from one party (the insured) to another party (the insurer). The transfer of risk is by no means eliminates the possibility of misfortune, but the insurer to provide financial security (financial security) and tranquility (peace of mind) to the insured. In return, the insured pays the premium in a very small number when compared with the potential losses that may be suffered (Morton: 1999). Basically, the insurance policy is a contract that is a legal agreement between the insurer (in this case the insurance company) with the insured, where the insurer was willing to bear some losses that may arise in the future in return for payment (premium) certain of the insured.

In order for a potential loss (which may occur) can be insured (insurable) then it should have the following characteristics:

• the loss contain uncertainties;
• losses should be limited;
• the loss must be significant;
• the ratio of losses can be predictable;
• non-catastrophic losses (catastrophe) for the insurer.

There are two forms of agreement in determining the amount of the payment at maturity of Insurance :

• contract valued
• contract of indemnity

The contract value is an agreement where the amount of payment has been determined in advance. For example, the sum assured (UP) in life insurance.

Indemnity contract is an agreement that the number based on the actual amount of financial loss. For example, hospital care’s cost.

In addition to the above five characteristics, before it can be insured, the insurer must consider the insurable interest and anti-selection.

Insurable interest are relating to the relationship between the insured and the recipient of compensation/benefits in the event of potential losses. For example, insurance companies will not sell fire insurance policy to a person other than the owner of the building is insured.

Insurable interest within this example is the ownership of an eye something that is insured. Similarly, family relationships, financial linkages are reasonable, also a form of insurable interest. The definition of anti-selection (counter selection) refers to the existence of a greater propensity to take insurance because it has a level of risk above average. For example, people who have a record of poor health or risk dangerous jobs tend to buy insurance. To reduce anti-selection effect, insurance companies must be able to identify and classify potential risks or losses. The process of identification and classification of the level of risk is called underwriting or risk selection. But that does not mean anti-selection led to the filing of insurance is rejected, due to the insured with the risk of loss above the average may be subject to premium sub-standard (special premium) because the risk is sub-standard (special risks) unless the possibility of loss is much higher, perhaps the insurance application was rejected.

What is Android ?

Android is the operating system used in smartphones and tablet PCs. Its function is the same as in the Nokia Symbian operating system, IOS at Apple and BlackBerry OS. Android is not tied to one brand of mobile phones alone, several well known vendors who have been using Android including Samsung, Sony Ericsson, HTC, Nexus, Motorola, and others. Android was first developed by a company called Android Inc.., And in 2005 the acquisition by Google. The main advantage Android is free and open source, making Android smartphones sold cheaper than the Blackberry or the iPhone even though the features (hardware) has to offer Android better. Some key features of Android among others, WiFi hotspots, Multi-touch, multitasking, GPS, accelerometers, java support, supports multiple networks (GSM / EDGE, iDEN, CDMA, EV-DO, UMTS, Bluetooth, Wi-Fi, WiMAX & LTE ) as well as basic phone capabilities in general.

Android version currently available :

Eclair (2.0 / 2.1)

Early version of Android that came into use by many smartphones, the main features of Eclair is a total change of structure and appearance of user interface and an Android version of the first support HTML5 format.

Froyo (2.2)

Android 2.2 was released with 20 new features, including the increase in speed, features Wi-Fi hotspots tethering and support for Adobe Flash.

Gingerbread (2.3)

The main changes in version 2.3 include the UI updates, improved features soft keyboard & copy / paste, power management, and support Near Field Communication.

Honeycomb (3.0, 3.1 and 3.2)

Android is a version aimed at the gadget / device with a large screen like a Tablet PC; Honeycomb new feature is support for multicore processors and graphics hardware acceleration.

Android Applications

Android has a large developer base for application development, which makes the functions of Android becomes more widespread and diverse. Android Market is where Android apps be downloaded either free or paid that is managed by Google.

Although not recommended, performance and features of Android can be further improved by performing Root Android. Features such as Wireless Tethering, Wired Tethering, uninstall the crapware, overclocked processor, and install custom flash ROM can be used on Android already diroot.

Android is the operating system for mobile phones based on Linux. Android provides an open platform to developers for creating their own applications for use by various mobile devices. Initially, Google Inc. bought Android Inc., newcomers who make software for mobile phones. Then to develop Android, formed the Open Handset Alliance, a consortium of 34 companies for hardware, software, and telecommunications, including Google, HTC, Intel, Motorola, Qualcomm, T-Mobile, and Nvidia.

Rather Than Bail Out, Italian Approve Budget Cuts

ROME - The Italian government set aside 70 billion euros (USD99 billion) as austerity measures to reassure investors that the third largest country in the Euro Zone will not be subject to the debt crisis. Government under Berlusconi's leadership to take immediate measures to approve the package of savings and increase their scope after the market plunged this week amid concerns over the financial stability of the country. This package was approved last Thursday. Italy played a major role in determining the future of Europe which now survive the debt crisis. Saving measures are considered more efficient than the bailout. "Italy is stronger after the approval of this action is taken, even if these factors are not known to the economic crisis persisted," Berlusconi said as quoted by the AP on Saturday (16/07/2011).

Berlusconi promised to make economic reform in the next two years, and urged the opposition to cooperate with the government.

Austerity package was approved after five Italian banks announced that they have passed the stress test of Europe. This step was taken after the market closed, so, the impact of the austerity package on the market can only be known next week.

In trading Friday, the broker applies cautious ahead of the determination of the austerity package in the parliament. The value of bonds is quite high on Friday showed that the market has not fully confident and expect more to the government.

Leading political commentator in Italy, Stefano Folli states, the austerity package was not enough because Italy needed structural reforms. "

Italy's debt value is the highest in the Euro Zone with the percentage of approximately 120 percent of gross domestic product (GDP) to them. Austerity package is intended to balance the budget in 2014 and covers 16 steps to trigger the economic growth of Italy.

This package includes an increase in the cost of health care, tax breaks and deductions for pensions, as well as increasing the retirement age and salary freeze in the public sector. The government is also looking into the privatization of state enterprises such as railways or postal services the country after the crisis subsides.

Nestle acquisition of Hsu Fu Ci, Largest China Acquisition in the Food Industry

Today (11 / 7), the acquisition of two companies currently the world's largest comestible namely Nestle and Hsu Fu Chi has been realized in which the two largest companies reached an agreement after over 2 years experience in the process of negotiating a long journey. In the agreement, Nestle Inc. agreed to a 60% amount of shares owned by the Hsu Fu Chi with a purchase value of 1.7 billion dollars.

Largest China Acquisition In Food Industry

Nominal acquisition of 1.7 billion dollars was recorded as the number of the largest in China's food industry until now and is one of the largest acquisitions of Chinese companies at this time. Many people assessing step acquisitions made by Nestle is a major step in the company's "master" comestible markets in Asia today.

For Nestle, the nominal amount of shares by 60% mastery is a strategic step to remember before the acquisition, the amount of the sale of Nestle products in both China and some Asian countries like Singapore, South Korea and Japan is still less than the Hsu Fu Chi. The reverse side, for Hsu Fu Chi step is considered increasingly to be the momentum to beat perennial rivals in the Chinese food industry such as Tungyi and Want Want China Holdings.

Next Plans : Construction of Factory

After a 60% shareholdings of Hsu Fu Chi, the next step to be taken by Nestle is to plan the construction of 23 factories in several provinces in China. The plan is expected to be completed in 2020 and is a mega step snacks business in the industrial sector in Asia. Of the 23 mills that will be planned to be built, as many as 14 thousand workers are expected to be needed.

By looking at the plans announced by Nestle Inc. is indicating that it would be an opportunity for the company to take over the factories owned by Hsu Fu Chi. Hsu Fu Chi biggest factory is currently located in Guangdong province. Total factory owned by Hsu FuChi in China there were 56 factories with 13 thousand the number of retail stores throughout China.

Last year, Hsu Fu Chu achieve profits rise 31% to 93 million dollars. Opportunities rise in profits expected to continue this year. According to Euromonitor International, the demand for sweets and cakes in China for this year is expected to rise by 5% due to speculation the increase in domestic demand in times of comestible current summer and year-end. Factors increasing the volume of both local and international tourists are also a factor for the increase in demand for snacks in China.

Managing Paradox

In the third stage of the current era of industrial revolution (the first coal fuel, the fuel, the three science / information), the longer the challenge in a business that requires a straightforward handling becomes increasingly stronger, because if will not make us left behind or left out .

Circumstances into challenges, demands and is a paradox, some of them: how to produce a quality product, even superior to the competitors but with a cheaper price; increase profits for shareholders but at the same time have to do a lot of social activities as a sole responsibility towards society.

The paradox, in which two opposite things that must be managed in parallel, together at the same time, is not an option to choose one.

However, at the same time are also factors that can cripple if we can’t use it properly. Visible indication of the role of these two revolutionary factors are companies that offer services of information technology and telecommunications is growing and controlled all aspects.

Prof Tom Cannon, a Professor of Strategic Development at the University of Liverpool, UK, had done research for about fifteen years and concluded there were eight paradoxes that must be handled properly to be able to help companies survive and thrive in a healthy manner.

First, act now for the long term (act now for the long term). Do not just think for today, but every program and plan must also have an impact on and in the future. Secondly, growth through consolidation (grow through consolidation); many think that consolidation is to stop or rest period of the growth process, so it should not.

Instead of consolidation must be running continuously. Third, building individualistic teams (team building individualistic); there are things that must be done in teams, but how to think and act needs to be done individually, as well as playing soccer.

Fourth, getting more for less (gain more or larger at lower cost or little effort). Fifth, thinking locally, acting globally (think locally but act globally), we often hear the phrase "think globally, act locally" with the idea that in our country tiaptiap pursuing a strategy that applies globally to be applied locally.

Sixth, the simultaneous growth of economic regionalism and economic nationalism (simultaneous economic growth between regionalization and nationalization). Seventh, through action oriented reflective winning (won through action-oriented reflection).

Eighth, consolidating the internal capabilities while reengineering (consolidation of internal capabilities while doing reengineering); continue to build internal competencies to external competition, have the endurance and perseverance will strengthen the competitiveness in the future.

How can we balance the urgency or pressure us because of the influence of globalization, the variety of industries, advances in information technology and telecommunications participating eighth raises the paradox, even more will in the future?

First, the need to restructure the organization by reducing the line to speed up the process and reduce bureaucracy. Now its time the organization is dynamic, fast moving, action-oriented. The organization was formed instead of relation-based but should be competency-based.

Second, using information technology and telecommunications. Not always have to invest themselves, even though it's the best, available outsourcing services to be utilized. Those who obtain the information most likely will win the race first.

Third, choose a professionals, clever use even create opportunities for the company. Fourth, establish a visionary creative team, who constantly thinking about things that are creative, innovative and has thought into the future, a few tens of years.

Fifth, focus on outcomes / outputs how to improve processes, speed, capacity, including the use of sophisticated machinery and flexible, multi-function can be used for a variety of products.

There are many other ways that you can develop in accordance with the conditions of your company, but at least you do five things at the top most of the paradoxes that you will encounter you can handle and then continually make adjustments. It's never too late if you start doing it now.

Three Bank of China entrenched Top 10 Best Bank in the World

China - CNBC released a list of 10 banks in the world like previous years. Routine survey presents a row of 10 banks that are considered to have banking achievements are accompanied by increase in the number of assets and liquidity during the past year. For the first position as the best bank is occupied by Bank of America followed by JPMorgan. But instead of the two banks are attractive to us refer to, but of the ten banks in the award as the best bank of China there are three banks that also fill the "post" as the country with the largest banks in the survey.

Best Bank Trio China

All three banks in question are ICBC (Industrial and Commercial Bank of China) in positions 6 or up one rank from last year, CCB (China Construction Bank) ranked 8 or jumped from a year ago at position 15 and the Bank of China ranked to 9 after last year rated 14th. For ICBC alone, this year is a proving ground that the largest banks in China have been inappropriate to be aligned with the banks from the U.S. and Europe. Many people consider that in the last one is the best period for banks from China. While banks from Europe and the U.S. are still depressed by the economic fundamentals sentiment, banks from China provide only a slick performance with the help of government regulation that has continuity and keep the economy faces pressures of global economic fundamentals.

ICBC Names included into the best performing banks in China. In the past 3 years, ICBC has been in row 10 of the world's best banks. Year 2010 and the bank recorded profit gain of 32.5 billion dollars, CCB to obtain profit of 26.4 billion dollars and Bank of China to obtain profit of 16.17 billion dollars.

With the advent of three names from Chinese banks, giving it a "threat" of its own for banks from the U.S. and Europe. In fact, some observer estimate that in the last decade did not preclude banks from China will rule the world banking sector. Predictions are quite reasonable considering the growing amount of assets of three banks have continued to rise. Even the amount three banks assets exceed a trillion dollars nominal. Based on year 2009, the amount of assets held by ICBC amounted to 1.724 trillion dollars, CCB has assets of 1.407 trillion dollars and Bank of China has assets worth 1.28 trillion dollars.

The reason why ICBC can be stable and remain in row 10 of the world's best bank is inseparable from the pursuit of these private banks in providing and holding the capital for China's industrial sector. Coverage five largest industrial sectors in China which is the capital of ICBC is the purpose of product manufacturing sector, transportation and telecommunications, energy, retail and property. It is therefore not surprising to ICBC for the increasing number of assets.

Judging from the above explanation, we must be attuned to the prediction that China's banking sector is estimated to be growing in some future time. Prospective condition of the Chinese economy is still expected to be a supporting factor for the banking sector in China. Especially for ICBC, with the five industrial sectors over is expected to be an advantage especially in the manufacturing sector and the property continues to show rapid development in China.

Here it is with both the CCB and other banks namely Bank of China is predicted to still be growing. China monetary support regulatory factor which was considered sufficient to accommodate the banking conditions by returning to peg the yuan to the dollar was considered quite beneficial for the banking sector to be able to resist inflationary pressures from rising commodity prices at present. As a result, since the beginning of the year China's inflation level still do not give a very serious threat.

Pheu Thai party won elections

Thailand - The election of the prime minister of Thailand has shown a victory for a beautiful woman named Yingluck Shinawatra. The 44-year-old woman who is also chairman of Pheu Thai party which won elections with a landslide defeat rival Abhisit Vejjajiva who is prime minister in power today (06/07).

Sinawathra which will become the first female PM in Thailand is the younger brother of former PM Thaksin Sinawathra which is currently in exile in Dubai since the case involved abuse of authority. Victory followed victory Yingluck Sinawathra Pheu Thai Party which won 265 of 500 seats in parliament.

Following the official voting results of the Thailand's central bank expressed concern that a victory by Pheu diperole Sinawathra Thai and will result in a threat of inflation for the country. Businessmen began to worry about wage inflation in line with the party's election promises and Sinawathra on wage increases, household debt moratorium and the provision of health facilities and better welfare.

One proposal called for by the Thai and Sinawathra Pheu is in Thailand to raise the minimum wage to 300 baht (9.8 dollars) per day, which is 90% higher than the current wage rate.

With the wage rate is estimated entrepreneurs will not be able to bear it. There are two things that can be done by employers to accept reduced profit margins or raise prices and push inflation. This condition will cause a wage inflation spiral.

Thailand's central bank governor Prasam Trairatvorakul stated that high rates of inflation will result in the ability of buyers terhantamnya community that will have an impact in declining consumption. Thailand's annual inflation reached 19.4% in May, the highest since September 2008. In June inflation softened to a level of 4:06%.

Greece Could Become East Germany

ATHENA-international rating agency Standard & Poor's (S & P) warned that the involvement of European private banks in the takeover of Greece's debt could increase the risk of failure.

S & P even said that if the Greeks accepted the French proposal to voluntarily change the way the Greek earned funds by involving private sector, will make Greece's debt rating under the agency's criteria. French banks, which holds the Greek foreign debt, previously wanted to Greece to extend the maturity of the bonds.

This proposal is supported by the German debt holders Greece's second largest. "If it is followed, is tantamount to failure to make Greece even more selective," said S & P. In another part, Chairman of European Finance Ministers Jean-Calude Juncker said that if the Greeks still request an additional bailout of the European Union and the IMF, in the future they will lose their sovereignty and many people lost their jobs. These consequences must be accepted Greek as an effort to avoid default on debt. The same thing never experienced the era of East Germany in the 1990s.

It was privatized state-owned enterprises reached only 14 thousand companies in the period 1990-1994. Greece has a problem on the low competitiveness as well as East Germany before joining West Germany. Before it merged with West Germany, East German communist minded listed as one of the countries in Europe with the highest unemployment rate. "The sovereignty of Greece became a limited instantaneous. The consequences would be unpleasant," said Juncker. Juncker's comments sparked criticism from U.S. President Spyros Papaspyros Adedy Working Greece.

Adedy call, Juncker has been disturbing the country's internal affairs and provoking the European rules. Saturday, July 2 last, the Minister of Finance approved the Euro Zone Greece 12 billion euro loan to prevent default. The approval came after the Greek parliament approved the austerity measures amounting to 28 billion euros ($ 40 billion) and promises to bring revenue worth 50 billion euros in 2015. The International Monetary Fund (IMF) and the European Union as well as the new Greek government will meet on July 8 to finalize a bailout is to be submitted disbursement on 15 July.

12 billion euro bailout agreed to yesterday is a continuation of the scheme's first fund worth 110 billion dollars to be disbursed in March a new 53 billion euros. However, a number of people declared, Greece still need a second bailout worth 110 billion, though still debated. EFG Eurobank economist Platon Monokroussos said Greece should accelerate fiscal adjustment and structural reform. It was necessary to balance expenditures and revenues are crippled because of loss of competitiveness.

The socialist government that regulates social welfare in Greece has not yet started selling assets and tax reform to meet the target. The new plan will be discussed this weekend. The Greek government aims to sell assets including its own properties is expected to reach 300 billion euros, although faced with a number of legal problems. Greek businessmen pessimistic target asset sales could be a success. This is due to the government-owned shares in state enterprises are low because of the recession.

"Targeting the 50 billion euro in 2015 could not be reached," said Commerce Chairman Constantinos Mihalos Athens. Meanwhile, Greek Finance Minister Evangelos Venizelos yesterday said that after the bailout approved, the Greek government is targeting economic improvement in order not to fall deeper. The initiative will be discussed in a few days or weeks ahead.

"The target we could restore the economy out of crisis and provide benefits to citizens, especially those who do not have jobs and low-income groups," he said.

World Economic Forum Agenda

A series of lectures, discussions, and debates was over. But, the various problems it was waiting for a follow-up and realization through concrete steps.

Compared with other global forums, World Economic Forum (WEF) is the active participation of the corporate leaders of global class (global business leaders.) WEF was founded as a private initiative (a non-profit organization) with the vision to bring together heads of state, community leaders, and corporate leaders.

Globalization in a new form (the New Globalism) does require a tripartite cooperation (state-society-business) that closely. Benefits for Indonesia as the organizer of the East Asian pertemuanWEF-20 is quite real. Indonesia accounted for because it has good economic prospects. Very promising investment opportunities and projected into the level of investment (investment grade) by the end of 2011.

There are four pillars that they are above the average value of the index, which is the pillar market potential (market size) in position 15, the pillars of innovation (36), business sophistication pillars (37), and the macro environment pillar (35). What factors that make our competitiveness is low? Technological readiness pillar has the lowest ranking (91), followed by labor market efficiency (84), infrastructure (82).

Investor confidence and the rush of foreign capital should be used to finance infrastructure development through private sector financing through capital markets and debt markets. As disclosed Managing Director of McKinsey & Company, Dominic Barton, in one session of the WEF, the cooperation needed to finance infrastructure needs.

Thailand and Malaysia are considered successfully implement this cooperation pattern. Unfortunately, Indonesia is very weak in two main areas: regulation and coordination. Suppose, Act (Act) Land Acquisition and other rules that support the implementation of infrastructure projects be realized, of the scarcity of infrastructure could be addressed immediately.

In addition, coordination between central and local levels, and technical departments also need to be improved. Beyond that, the hunting behavior of rent-seeking (rent seeking behavior) by the political parties in tenders property development and infrastructure should be stopped. If not, we will be trapped as a potential intermediate state, but never go much higher.

U.S. Manufacturing Index Rebound

NEW YORK - The manufacturing industry in the United States (U.S.) unexpectedly rebounded when compared with the slowdown that occurred in May.

As reported by the Business Investors Daily, Saturday (07/02/2011), even so there are still other data that weakened the factory area in Europe and Asia due to government efforts to curb inflation, which shows the global recovery is still fragile.

Index Institute for Supply Management (ISM) manufacturing rose 1.8 points to 55.3 last month after plunging to its lowest level over the past 20 months in May. This is the first increase in four months. Readings above 50 indicate growth.

"The good news is we are still in recovery, the bad news was not as strong as we want," said chief economist at Raymond James, Scott Brown.

Previously, the ISM index fell deep for seven consecutive years in February as the impact of high gas prices, and consumer spending is holding as a result of the tsunami earthquake that hit Japan on March 11, 2011 last.

This earthquake also caused shortages of spare parts for automobiles and electronics. Raised concerns about the weakness of the manufacturing sector out of recession.

Cancellation of Meeting Greece Bailout

Brussels - European Union finance ministers meeting to discuss the debt crisis of Greece on Sunday (3 / 7) abruptly canceled. They need two months to review the Greek bailout plan.

The plan they would hold a videoconference on Saturday to sign a new loan installment that avoids Greece from potential default. While the next loan installment payment of the first bailout Greece ascertained after the austerity measures approved by parliament this week.

"This is too ambitious to get a deal on a second loan package that performed on Sunday tomorrow," said one EU official quoted by yahoofinance.com.

Some of the key factors in the new bailout as contributing banks and investment funds is still a discourse. This is consistent with the statement of EU leaders last week that there would be loans to countries seeking to address the economic crisis.

The Minister of Finance of the European Union plans to resume the next meeting scheduled on 11 July. But is expected to be difficult to bring all the delegates. This suggests a discussion about Greece is still very sensitive.

One spokesman for PT Luxembourg, Jean Cloude Juncker said that the video conference has been scheduled for next Saturday night. But not explained the reason there is a change to the plan. In fact he did not know if there will be an official statement about this change.

European Union finance ministers have to approve the installment loan of 12 billion euros or U.S. $ 17 billion as a new bailout for Greece. For without this emergency fund then Greece would potentially occur by default. Though Greece has taken a decision in parliament against the proposed budget savings, tax increases and privatization on the weekend. This step is a requirement dikucurkannya bailout from the European Union and the IMF.

10 reasons China is more successful countries than western countries

Beijing - the U.S. downturn and the Western world, used as an opportunity for China to become the motor of the global economy. Here are 10 reasons why China superior than the Caucasians.

According to Stephen S Roach, Non-Executive Director of Morgan Stanley Asia and academics at Yale University, China really had a doubt in his current position. However, this Bamboo Curtain country did not care and keep moving on track.

"This country has shown remarkable progress in modern times. Apparently, they will continue to do so in the future, "said the author of 'The Next Asia' this.

Although there are many concerns about China's growth is too fast or overheating, there is no reason why you should not generalize to the country with the largest population of this. Here are 10 reasons versions Roach:

Strategy

Since 1953, China has a five-year macro-development plans with clear targets and policies to achieve it. This is an example of successful development. Now, they have come to the five-year development plan to the 12th.

Commitment

Thanks to the Cultural Revolution in 1970, the Chinese leadership a high priority to have a stable government. Commitment to continue to carry it out to make China could fight in the middle of the last global crisis in 2008-2009. Commitment is also what makes this country can fight inflation, asset bubbles and credit problems.

Important capital

China's commitment to achieve stability have 'teeth' that strong. Reform for 30 years has shown a dynamic economy. Corporate reform and financial markets is key. China also suggests that they learn very well from the past and are able to change the path if necessary.

Savings

Excess domestic savings up to 50%, bringing good results. Especially remedy finance investment in domestic economic development and become a safety cushion currency. Thus, China spared from external shocks.

Rural-urban migration

Urban population increased from 20% to 46% in the last 30 years. During the next 20 years, an estimated 316 million people will move to the cities. This wave of urbanization is a solid support for infrastructure.

Consumption

Private consumption includes 37% of Chinese GDP, the smallest number among the other giant economies. With a focus on employment, wages, social safety nets and five-year development plan, consumption could increase 5% per 2015.

The service sector

In China, this sector is only 43% of GDP or below the world average. In fact, the service sector is an important part of the strategy of pro-China consumption. Over the next five years, China is targeting an increase of 4% in this sector.

Foreign investment

Of modern China becomes a magnet for global cooperation. Such investments will provide access to technology and modern management system, which became the catalyst of economic development. China will open the door wide for foreign businessmen.

Education

The country is unsparing in its human resource development. Adult literacy rate reached 95% and secondary schools reached 80%. Shanghai teenagers age 15 became the first champion math and reading globally. Universities in China graduated 1.5 million engineers every year.

Innovation

In 2009, there were 280 thousand domestic patent applications. This figure puts China in third, after the United States and Japan. At the same time, the country is targeting research and development expenses in the GDP to 2.2% in 2015.

This is consistent with China's five-year development plans that focus on seven sectors of industry innovation, which includes 3% of China's GDP and is targeted to 15% by 2020.

Overheating Economy Still haunted RI

JAKARTA - Bank Indonesia (BI) said today overheating the economy continues to haunt Indonesia. Therefore the Central Bank will continue to help maintain economic growth to avoid overheating.

BI Deputy Governor Hartadi Sarwono explained in counteracting overheating is one of them is to encourage running to the real sector to build production capacity.

"Well we shall see, the credits which are dangerous and will be directed to sectors that build production capacity in maintaining the economy," said Hartadi told reporters interrupted the celebration of the 58th anniversary of the BI in BI Building, Jakarta, Friday (1 / 7 / 2011).

Furthermore, he explains it becomes very important, do not get more credit for running consumer credit, which becomes dangerous because it does not add to national production capacity.

"It was seen running to where the credit. Now we shall see, the credits which are already dangerous and will be directed to sectors that build production capacity," he added

He added the increase of production capacity is very necessary because it sustains the economic growth target could be achieved without overheating occurs. So the magnitude of demand can be met by supply availability.

"The danger of overheating is always there if economic activity and economic growth is running too fast rather than economic capacity. That is, if demand faster than supply, that we have to guard," he explained.

He added that currently the government has initiated programs of infrastructure development in increasing production capacity, such as the Masterplan Economic Development Acceleration and Expansion of Indonesia (MP3EI).

"So we look to see investments of each corridor. Well if it's a good production capacity, economic goals would be achieved seven percent would not be overheating. But if not 6.5 percent of it was rocking," he concluded.