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Bronte Lebo

Boomers Feed Growing Wellness Vacation Industry - 2 views

shared by Bronte Lebo on 10 Apr 14 - No Cached
    • Bronte Lebo
       
      Fitness/wellness has become a hugely popular fad in America, so it makes sense that this would spread into tourism and travel.
    • Bronte Lebo
       
      This connects to mobility. People are able to travel much easier than they could in the past, so vacations are easier and more popular than ever before.
  • A study presented at the first Global Wellness Tourism Congress in October 2013 estimates this type of travel is now a half-trillion dollar market, accounting for 14% of all tourism revenues.
    • Bronte Lebo
       
      This connects to the service sector of the economy, because tourism and travel is a major part of the leisure/hospitality category within the consumer services
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  • Boomers
    • Bronte Lebo
       
      When they refer to "boomers" are they talking about the baby boomer generation?
  • Boomers Feed Growing Wellness Vacation Industry
  •  
    This article is interesting. Bronte- you said this is a "popular fad" in America. Does this mean it will most likely die off just like other fads? After all, I don't feel like a vacation for wellness is very family-friendly.
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    I understand where Jake is coming from with his statement but isn't a vacation that gets you away from the stress of work and neighbours and everything healthy? Wouldn't that constitute a wellness vacation? Also for really busy parents a vacation with their children would be both family-friendly and healthy. Not to mention that the service sector, including the consumer sector, is continuing to grow and in the quote Bronte highlighted it said that wellness vacations make up 14% of all tourism revenues, so wouldn't that imply that this fad will continue to grow?
  •  
    I find it very interesting that there are vacations that can help you with your wellness. I am curious about the different ways that they actually intend to do this. I agree with Olivia, with the idea that a vacation away from stress would be a wellness vacation in its own idea.
cmerris

Western Sydney ready and willing to work hard and clever | thetelegraph.com.au - 3 views

    • cmerris
       
      Australia is ranked second in HDI, yet it is still in industries that most stage three countries would have.  Australia still has not opened themselves up to services like the United States and Western European nations.
  • Experts say an influx of “knowledge jobs’’ — that usually require a tertiary degree — are growing strongly despite a high Australian dollar and competition from cheap imports.
  • industries such as healthcare, finance and insurance are growing strongly, while manufacturing companies are adapting to changing conditions.
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  • There is a recognition and a willingness to adapt to new and emerging industries such as those providing the ‘knowledge’ jobs so crucial to future growth,” he said.
  • education facilities
  • colleges are developing and offering courses tailored to new industries.”
  • “Importantly, this contraction has been more than offset by strong growth in a number of industries, primarily the construction and service (finance, healthcare and transport) sectors.
  • Healthcare and social assistance accounted for 60,174 jobs (12.1 per cent of employment in the region), followed by retail trade with 52,523 (10.5 per cent) and wholesale trade 34,879 (7.0 per cent)
  • manufacturing remains the most important employer in Western Sydney, making up 15.6 per cent of total employment.
  • Healthcare and social assistance accounted for 60,174 jobs (12.1 per cent of employment in the region), followed by retail trade with 52,523 (10.5 per cent) and wholesale trade 34,879 (7.0 per cent)
  • Manufacturing makes up 14.5 per cent of the Greater Western Sydney economy.
    • cmerris
       
      This relates to the theme of globalization because it shows how more countries are using service related jobs instead of primary and secondary jobs because technology is making those jobs easier for fewer people to complete.
    • cmerris
    • cmerris
       
      An article about the United States that relates to growing industries after the recession can be seen by clicking the link below.  Although this article is more about the rebounding secondary sector jobs, it parallels the growth in new jobs.
    • cmerris
       
      Why is Australia so behind in making this change if they are higher in the HDI which normally relates to how high a country is developed?
    • cmerris
       
      This article relates to chapter eleven and twelve because it explains the change a developed country, Australia is going through the process of becoming reliant on tertiary sector jobs instead of jobs in the secondary sector.  This article explains how quickly healthcare is growing while other companies in manufacturing have to adjust to not having as much of the population to hire.
  •  
    This article explains the changing jobs in the developed country, Australia.
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    First thought...interesting article Cameron. It encouraging to see a country like Australia developing and implementing services in its economy. I wonder how this will effect the prices of the minerals Australia exports to the majority of the world? With more people moving to the service sector there will be less in the mines, so my gut tells me that the world wide prices will go down due to the fact that companies will be able to make a bigger profit selling the same amount of material due to lower labor costs.
  •  
    I feel like Australia has a lot going for it! Like you mentioned, it has a high HDI- this is no coincidence. As we know, it has access to important natural resources. It is fairly isolated, which can hurt its economy, but there is less competition for jobs. It is also a highly popular area for tourism. It doesn't get involved in a lot of matters occurring in the northern hemispheres, which keeps it out of costly wars.
Thomas Nicewicz

Savioke Gets $2M To Build A 'Services Industry' Robot | TechCrunch - 2 views

    • Thomas Nicewicz
       
      A) Both spinoffs were acquired by Google. It's odd that Google owns so many companies.
    • Thomas Nicewicz
       
      B) The Human Geography theme of region is referenced here. Silicon Valley is a functional region with well-defined boundaries. 
    • Thomas Nicewicz
       
      D) Will robots be the future of services? If so, when will the majority of services be occupied by robots? Also, will this increase unemployment?
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    • Thomas Nicewicz
       
      E) http://www.bostonglobe.com/business/2014/04/08/beth-israel-use-google-glass-throughout-emergency-room/WhIXcVzkpn7MOCAhKuRJZL/story.html This article relates to the article "Google Glass embraced at Beth Israel Deaconess" because both are centered around Google.
    • Thomas Nicewicz
       
      C) The service sector is referenced here. Different types of consumer services are mentioned such as those provided by hospitals and restaurants.
  • It is planning to use the money to develop and build its first robot, an as-yet unnamed piece of hardware that will be focused on the services industry.
  • Hospitals, elder care facilities, hotels, restaurants, office services
  • moving out from behind the fences in factories and out from research labs to provide value around people, where we live and work
  •  
    With the development and inclusion of technology such as this in industry, unemployment must rise...Robots could reach a level in which their work is superior to that of a human. I imagine robots would be reserved for high precision/high skill careers.
Olivia Moats

FIFA introduces first standardized medical bag for World Cup | Fox News - 1 views

  • In November 2013, FIFA passed a rule mandating that at least one AED must be available on the sideline of all FIFA competitions and matches. FIFA also launched the FIFA Sudden Death Registry in 2014 in order to document fatal events in football.  
  • The bags, created in collaboration Johnson & Johnson, the official health care sponsor of the World Cup,
    • Olivia Moats
       
      It surprised me that a player had died in a FIFA match so recently. It seems like there should have been better medical resources there by now.
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    • Olivia Moats
       
      This demonstrates mobility because there are people from Cameroon and other countries in France, experiencing the French culture while playing a sport that did not originate in their home country.
  • “[In the past], sideline medical teams, they were using the standard equipment that they had in the arena, in the stadium,” Dr. Jiri Dvorak, FIFA’s Chief Medical Officer told FoxNews.com.
    • Olivia Moats
       
      Johnson & Johnson is an extremely well known brand and the people who are working to get these medical bags together and making sure that they have everything that they need in them.
    • Olivia Moats
       
      I'm really not sure how an organization of the magnitude that FIFA is could go so long without realizing that their medical standards at the games were not safe enough. Why did it take somebody dying for them to figure it out?
    • Olivia Moats
       
      Since my article is about health services being improved I believed that the article about guidelines to hepititis B treatments would fit.  http://www.foxnews.com/health/2014/04/09/who-issues-first-ever-hepatitis-c-treatment-guidelines/
  •  
    Current Event #9
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    I am surprised a health service hasn't jumped on this opportunity before now. Athletes get hurt, you would think that someone would have moved in as the sole health service in the FIFA cup much early than now.
  •  
    It is also interesting that the health services at such a global sport, like soccer, has not increased because we observed that the health care has been increasing.
  •  
    This will also be great advertising for Johnson & Johnson
  •  
    It is very surprising that the most globally popular sport in the world (soccer) had a lack of medical support at a major FIFA match. However, it is good to see that the next World Cup in Brazil will have the medical bags. You never know when a player could be put into a life threatening situation. I also agree with Bronte, in that Johnson and Johnson will have a significant gain in product sales after advertising at such a prestige event like the World Cup.
  •  
    It is interesting to know that FIFA has just now decided to construct a standardized medical bag for the 2014 world cup. I wonder what precautions were taken for injuries in the past.
Brendan Wewer

U.S. factories punch above weight with solid job gains | Reuters - 2 views

  • Manufacturing accounted for 18.5 percent of the 113,000 jobs created last month, up from a 10.67 percent share in December
  • increase last month was triple the sector's average monthly jobs gains of 7,000 in 2013
  • output grew at its fastest pace in nearly two years in the fourth quarter, hiring could cool off a bit.
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    • Brendan Wewer
       
      The pace of job increase in the secondary sector was very surprising. I suspected the increases to be at lower rates.
    • Brendan Wewer
       
      I would involve the theme of globalization to this article. The production of automobiles are a large portion of job increase, and a growing portion of these car companies in the United States are foreign.
    • Brendan Wewer
       
      The most prevalent question I thought of during the article would be whether these rates of growth can continue into the next few years?
    • Brendan Wewer
       
      There are a few direct correlations between the industrial sector and the article. The article itself focuses on the increasing rates of manufacturing jobs in the United States. The article says: "(Job increase) output grew at its fastest pace in nearly two years in the fourth quarter..."
    • Brendan Wewer
       
      Another current event relating to this article would be found at http://detroit.cbslocal.com/2013/04/22/detroit-sees-11-5-increase-in-manufacturing-jobs-filled-year-over-year/ in which the manufacturing industry has seen a significant growth in employment in Detroit.
  • President Barack Obama has set off a goal of 1 million manufacturing jobs to be created during his second term.
  • "To ensure that the optimism for this year can be fulfilled, manufacturers want policymakers to adopt pro-growth measures that will allow them to continue to expand," said Moutray
  •  
    Wewer I too was surprised that secondary sector jobs grew as much as they did. Like you stated, this sector should not be growing in a developed country like our own.
Alec Gehman

Asheville area natural products industry on the rise - 1 views

  • Western North Carolina is not just where the wild things grow, but home to a growing number of businesses using technology to turn those native plants into consumer products.
  • Blue Ridge has added a natural products manufacturing line to help small start-ups venturing into skin care, cosmetics and even dietary supplements. This market relies on rigorous manufacturing standards, quality testing in high-tech labs, and carefully documenting ingredients through the process.
  • WNC is now home to this industry that goes all the way from the field from people growing and harvesting plants to manufacturers processing materials at Blue Ridge Food Ventures, to quality testing at A-B Tech and the U.S. Botanical Safety Lab, all the way to the market,”
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  • A new AdvantageWest report shows the fruits of three years of local efforts to cultivate that industry, resulting in more than 48 full-time jobs, 15 new manufacturers, 1,487 farmers trained and 44 new acres in production of medicinal plants, such as goldenseal, black cohosh and others.
  • Meanwhile smaller businesses and start-ups are joining the growing market for natural products.
  • As more manufacturers spring up, with a demand for locally sourced plants, more farmers may beginning to see botanicals as a feasible cash crop, Raker said.
  • “There’s a consumer demand,”
  • Gaia Herbs moved its operations to the region in 1997. Now 140 workers process 300 different lines of herbs and nutritional supplements in the 25,000-square-foot facility on rolling countryside outside Brevard.
  • buying healing plant materials from across the mountains to ship through New York brokers to pharmaceutical companies.
  • But the modern-day herbal market has gone more high-tech.
    • Alec Gehman
       
      a.) I am surprised that this specific operation and factories in the North Carolina region have existed since  1989, but are now gaining millions of dollars in revenue just from the medicine industry.
    • Alec Gehman
       
      b.) The theme of cultural landscape is found in this article.  Cultural landscape is used because the farmers and growers for these industries are changing the landscape so that they are able to produce crops from the land.  Nature culture is also fit into this because the farmers could be influenced by nature if there is a poor crop or something from the environment that influences their farming.
    • Alec Gehman
       
      c.) One reference to the industrial sector is how this specific industry is located near the farms in the region.  This makes sense to what we learned about industry because most of the product includes the crops harvested in this region so the actual facility locates near these crops.
    • Alec Gehman
       
      d.) Are these types of medicinal industries bulk-gaining or bulk-reducing?
    • Alec Gehman
       
      e.) http://www.ibtimes.co.in/video/?video_id=NTQwODEzfHwxNDcxfHx8fHx8MTZ8fA==&video_tile=Romanian+bees+still+creating+a+buzz+in+health+industry This article relates to this article here because both are about natural products from the environment being made into medicinal products.  Although the medicine from bees in the linked article is then transported and sold in stores, it is not on a scale that is as large as the industries in North Carolina in this article.
  •  
    In your article is says "About 80 of those local companies will be featured among the 200 exhibitors at the Mother Earth News Fair, a massive natural products trade show..." It's very exciting to see these small scale, local businesses thriving. In a country dominated by commercial manufacturing, it is good to see these true home grown enterprises succeeding.
hseig13

Is 3D Printing the Key to Jumpstarting American Manufacturing? | Fox Small Business Center - 1 views

    • hseig13
       
      There will be so many job opportunities just from one change in manufacturing.
    • hseig13
       
      This can deal with industry because the manufacturing is changed by creating a 3d models. There will be no need to have models from foreign countries any longer and the US can start to build up more manufacturing and jobs.
    • hseig13
       
      This article shows how movement of goods will be changed if 3d models are created. It will stop the US from needing certain manufactured goods from foreign countries and will change the region of the US by adding in manufacturers. It will cut down on transportation costs.
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    • hseig13
       
      Aren't most manufacturers big business so how would this help small business so much?
    • hseig13
       
      http://www.rubbernews.com/article/20140408/NEWS/304079987/rubber-manufacturing-in-america-recession-still-affects-small-firms# this article relates because it says how small businesses are effected by recession. If small business are so impacted by recession what will happen if the 3D model doesn't work overtime? This is like a failure for small business just like recession. Will they be able to bounce back and continue or will small business fail?
  •  
    It is very surprising to hear that in the very new future, one little program of 3-D printing made available to consumers could jump-start thousands of new businesses and has the ability to create close to a million new jobs. In what other ways will 3-D printing change manufacturing in the future?
Nathan Vrabel

Dying for fashion - 101 East - Al Jazeera English - 1 views

    • Nathan Vrabel
       
      I'm not surprised that these workers go on so many strikes, considering the poor working conditions they are put in.
    • Nathan Vrabel
       
      This is an example of globalization because these brands are getting involved in an issue that is outside of their borders. Companies like Adidas are not stationed in Cambodia, but are becoming increasingly involved in the issues. This breaking down of the barriers is an example of globalization
    • Nathan Vrabel
       
      This portion is related to the industry sector. The clothing industry is one of the major industries in the world and the most important industry in Cambodia.
    • Mr. Reidy
       
      Nathan - Al Jazeera is a very unique media site. I like how it offers a different perspective other than an American one.
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  • Low wages and an abundant workforce, powered mainly by the country's rural population, have drawn major clothing brand names like GAP, H&M, Nike and Puma to Cambodia. Today, the industry is a $5bn-a-year business with almost 550 factories, mostly owned by Taiwanese, Korean, Chinese, Hong Kong and Singaporean companies.
    • Nathan Vrabel
       
      What are the other companies that set up shop in Cambodia?
    • Nathan Vrabel
       
      http://www.thezimbabwean.co/news/zimbabwe/71077/designer-calls-for-revival-in.html This separate current event connects with the importance of the clothing industry. The clothing industry is an important industry in the continent of Africa, a separate region from Cambodia. This goes to show how important the clothing industry is across the globe.
  •  
    The inhumane conditions in the factories caused the workers to strike, and this caused great damage to the apparel industry. This is an example that shows why factories in the U.S. are more likely to locate in states with right-to-work laws. These states have lower chances that unions will organize and even strike, meaning that productivity will most likely remain at a high level. The striking workers in Cambodia will probably also demand higher wages, which lowers profits for manufacturing companies.
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  •  
    I found it interesting that there were quite a few fires throughout the factories in Cambodia. The government and factory owners don't seem too concerned about it, which makes me wonder if these factories have laws about safety in the work place or not.
  •  
    It's crazy that it took until now for us to start seeing strikes in developing countries where wages are incredibly low. I wonder what the internet censorship laws are like that prohibited them from discovering what the rest of the world was earning.
  •  
    Nathan, I found this article to be very interesting and how large this industry is, even in a developing country such as Cambodia. I am surprised to see that in one year this is a 5 billion dollar industry. I also was surprised to find out how many well-known companies outsourced to Cambodia, such as GAP, H&M, Nike and Puma.
Liam Darr

Why Acquisitions Make Sense In Consumer And Retail - Forbes - 2 views

  • This bodes well for growth companies in the consumer and retail space. It also bodes well for investors, whether they use an online investing platform or invest offline.
  • The total value of consumer-retail deals actually exceeded the value of internet and software M&A, combined, in 2013. In 2013, the consumer and retail market was about $91 billion according to PriceWaterhouseCooper.  The internet and software industries had a total of $55 billion in M&A for 2013.
  •  
    I'm surprised that retail services are more profitable than tech. services.
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  •  
    Retail services are so profitable and this relates to cultural landscape, because it says something about a land that spends and earns more money in services that help consumers than in areas that supply food and resources.
  •  
    Retail services are one of the largest areas of consumer services and the tertiary sector as a whole.
  •  
    I wonder if these services will become more or less profitable in the future?
  •  
    http://qz.com/#197172/samsung-just-uncovered-a-market-with-150-million-new-customers/ this link relates to retail services, because it dicusses communications services, which are a part of the tertiary sector as is the retail service.
  •  
    I would believe that the consumer sector would out do the tech sector simply for the fact that it is more traditional. People are more used to shopping and buying things in person, so tech services trying to let people buy things online face an uphill battle one getting people to switch over. Also everyone has to buy things at some point at a retail store, but not everyone will need help with their technology.
  •  
    I believe that we would expect to see an increase in the profits of tech services because as more and more people grow familiar with these services, it is much more convenient and easier for them, like using online shopping rather than going out and spending the time and effort to shop in person. This can be shown by companies like Blockbusters and Borders who went out of business due to at home conveniences of the internet. However, some retail stores and services cannot, and most likely will not, go away because people need what they sell right away, such as grocery stores.
Matt Juliana

Report on Thai fishing finds 'slaves at sea' - CNN.com - 0 views

  • The report found that one in six working on long-haul fishing boats did not decide to do so willingly, but acknowledged that the vast majority of workers in the sector are Thai and work voluntarily. 
  • To Tay's horror he was taken onto a fishing boat, despite no experience of fishing, and for the next six months was forced to work without pay.
  • According to a 2013 U.S. State Department report, the Thai marine department and navy inspected 608 fishing vessels in 2012 but found no cases of trafficked workers, suggesting corruption and inadequate financial and human resources were allowing the continued exploitation of workers. 
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  • Fishing boats have to make longer trips for less catch, making an already tough job harder and less attractive to domestic workers, as well as threatening profit margins for all involved in the industry.
  • A group of 14 men from Myanmar rescued from boats last year told the EJF of 20 hour work days with little or no pay and beatings at the hands of Thai crew members. According to reports from the EJF some even witnessed murder, with bodies being thrown overboard as causally as unwanted catch.
    • Matt Juliana
       
      Are all of the voluntary workers okay with enslaving and killing the migrants? How on earth can they get away with murder when other people can clearly see it?
  • According to Tay, some of the girls in his group were sent to work in seafood processing factories, while the prettier ones were sent to brothels.
  • the Thai fishing and seafood industry, worth $7 billion annually, involves considerable exploitation of trafficked migrant workers, most from neighboring Myanmar and Cambodia.
  • smuggled across the border by labor brokers with the promise of a safe and stable job at the end of the journey.
  • he and 12 others who made the journey with him were sold for around $430 each into jobs that made them virtual slaves.
    • Matt Juliana
       
      This definitely relates to the theme of mobility, because of the amount of resources and motion that go into smuggling illegal migrants into Thailand. Smuggling these people and lying to them about where they will go has almost become another industry of itself, due to the attraction of the profit of selling these people into slavery.
  • "We have documented evidence of marked police cars transporting trafficked victims who are then sold onto boats as slaves,"
    • Matt Juliana
       
      Thailand's pathetic investigation into all of this is so clearly and disgustingly corrupt. Even the law enforcement are profiting by moving slaves. If all of these civilians can see what's going on, higher up government officials must purposely ignoring it.
  • and will drop to Tier 3 -- the lowest classification this year -- if it does not improve, something the EJF is calling for. The results could be the withdrawal of international financial aid.
    • Matt Juliana
       
      http://time.com/12628/human-trafficking-rife-in-thai-fishing-industry/ This link leads to an article that talks more about the cruelty and abuse in this industry that the captains of fishing vessels do to the migrants.
  • critical of Thai attempts to clampdown on human trafficking in the country citing widespread corruption among law enforcement officials.
  • The rise in forced labor on board Thai fishing boats is tied to growing global demand for cheap seafood and diminishing fish stocks, say the EJF.  
    • Matt Juliana
       
      The fishing businesses in Thailand have started to use these migrants as slave labor to keep profits in the fishing industry high. By needing to supply more fish and having dwindling resources, they're combating lost profits by using slaves as free labor, and working them to death.
  •  
    Fishing industries in Thailand are abusing migrant workers.
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  •  
    I wonder why the Thai government finally took action against the slavery type conditions that the fishers were put in, even after so many years?
  •  
    It's unbelievable how corrupt the Thai government is and how far they have let the human trafficking go. Will this continue on its own or do you think that other, more developed countries will intervene?
  •  
    I've never heard of a fishing industry helping in human trafficking. It just shows how much people don't know about the messed up industrial world that we live in. It is also crazy to hear about all the different situations people live in around the world. Globalization is happening, but places around the world still are drastically different.
  •  
    I didnt even know that Thailand had such a prominant fishing industry, let alone the fact that they are basically using slaves instead of at least paying some sort of wage.
Eric Bossert

Brazil's Diagnostic Medicine Market - Its Growth and Profits - 2 views

  •  After nearly three years on the market, Alliar – the diagnostic medicine group – continues with its aggressive expansion strategy with a total of 65 diagnostic imaging units in Brazil and reaching revenues of about R$310 million (US$125 million) and a 40 % average growth
  • Alliar’s growth has been in the range of 50% per year.
  • Alliar’s president has stated that “It’s a segment that has differentiated growth possibilities, more accelerated than healthcare in general”. “The sector is still very fragmented and therefore opportunities for consolidation still exist.”
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  • Since the beginning Alliar has been taking advantage of the current Brazilian market forces that have health insurance companies setting up low prices for this particular line of services with significant detriment to its profit margins and a growing middle class expansion that have substantially increased its demand for medical diagnostic services.
  • Fleury SA (FLRY3) and Diagnosticos of America SA (DASA), Brazil’s biggest publicly traded diagnostics companies are Alliar strongest competitors, however, these are services in the major centers such as São Paulo and Rio de Janeiro. Thus, Alliar has focused in smaller cities having most of its units in São Paulo and Minas Gerais away from their metropolitan areas, areas that are not fully served by FLRY3 and DASA.
  • In 2010, a partnership between the Blackstone Group (NYSE: BX) and Patria Investments – Brazil’s leading private equity fund firm – was established allowing Blackstone to buy a 40% stake in Patria Investments with the goal of building their businesses in Brazil and throughout South America.
    • Eric Bossert
       
      Why would the Blackstone group want to build its reach into Brazil? I  am certain there are many other countries with booming markets. For example China.
    • Eric Bossert
       
      This interest the Blackstone Group has in Brazil is showing the theme of globalization as they try to reach out to places around the world for business.
    • Eric Bossert
       
      This article in general connects to our current chapter as it shows the interaction between a business service and a health service as they work together to better their own companies.
    • Eric Bossert
       
      This relates to services in the fact that it is smart of the Alliar Group to locate farther away from competition so that they have more of a pull on the people that live in the rural areas. This opposed to fighting for consumers in an already service filled area. 
    • Eric Bossert
       
      This relates to our previous chapter on industry. It does so as it brings up how strong Brazil's economy is getting. This shows it is indeed a BRIC country.
    • Eric Bossert
       
      This article reminds me a lot of horizontal integration in the trust days of the U.S.
    • Eric Bossert
       
      This is stating that since this company's particular service has so much variation it is easy to consolidate and grow.  
    • Eric Bossert
       
      http://www.businessoffashion.com/2014/02/brazil-fast-fashion-heats.html This other article describes how fashion businesses are trying to get into Brazil and take advantage of its strong economy.
  •  
    This article describes how a health service company is taking advantage of Brazil's booming economy to consolidate business and give itself an edge. This group has an annual growth of about 50% and shows the booming medical services. 
Elina Wright

UK service sector exports hit an all-time high - Telegraph#_=1397086335357&id=twitter-w... - 1 views

    • Elina Wright
       
      It surprised me that the service sector is at an all time high now. It makes sense because we have more money and need for people in the tertiary sector but it still surprised me.
    • Elina Wright
       
      The sentence about British companies being successful over seas shows globalization. When companies have markets across seas it brings the word together.
    • Elina Wright
       
      This article relates directly to the service sector because it talks about how the service sector in the UK is at its all time high.
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    • Elina Wright
       
      http://www.foxbusiness.com/industries/2014/04/03/us-service-sector-growth-accelerates-in-march/ This article relates to the article about the UK because it discusses the growth in the U.S. service sector after a decreasing period.
    • Elina Wright
       
      How will businesses fight inflation?
jared snell

China's Embrace of Foreign Cars - NYTimes.com - 0 views

  • Chinese consumers increasingly favor American brands, which have a reputation for safety, youth and international flair. The domestic brands have tended to lag in surveys of initial quality and engineering, although they are starting to close the gap. In long-term reliability, they are far behind and falling even further.
  • Multinational corporations are steadily clawing market share from Chinese brands in their home market
  • as a succession of global brands have pushed their way into China
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  • Rising affluence has left consumers reluctant
  • to accept cheaper, spartan models from domestic manufacturers
  • They want to persuade China’s Commerce Ministry to retain a requirement seldom found in other top manufacturing nations: Foreign automakers may assemble cars in China only through 50-50 joint ventures with domestic partners.
  • “If there is a loosening of the restrictions on foreign ownership in automotive shares, it will instigate massive changes in the configuration of our country’s automotive industry,”
  • “The cap has hindered fair, open and transparent competition, which undermines the interests of consumers and the overall competitiveness of the Chinese auto industry,”
  • “It is our common goal to further develop these and to be successful together in the Chinese automotive market,” Volkswagen said in a statement.
  • The original goal of the joint venture requirement was to force multinationals to work with big, state-owned automakers with ample access to credit from state-owned banks. The ministry’s hope has been that the state-owned automakers would learn from their partners to build world-class cars that they could then export
  • The multinationals have continued to provide most of the designs, engineering and marketing. They build essentially the same cars that they sell in the rest of the world
  • domestic brands had only 29.5 percent of the car market last year
  • Ford’s joint venture here in western China has 15,000 employees who assembled more than 600,000 vehicles last year, making it Ford’s largest operation outside southeastern Michigan
  • The second factory is among the most modern anywhere in the world: Steel coils go in one end and finished cars come out the other just eight hours later.
  • Domestic Chinese automakers have also bought robots for their operations from international suppliers. But they have tended to rely much more on using huge teams of workers for manufacturing, and they have struggled to figure out how to integrate robots efficiently into assembly lines — a task that took decades for multinationals to master
    • jared snell
       
      <-- This 50-50 Domestic and Foreign part requirement is interesting in the fact that I have never heard another country implicate a guideline like it. It certainly goes against what is found in the US (IE. The vehicle is either 100 percent foreign or 100 percent domestic...rarely both.
    • jared snell
       
      This bit of text here exemplifies the Human Geography them of Globalization, or the diffusion of ideas and innovations to other regions. By allowing international manufacturers like Ford to form joint ventures with its domestic manufacturers, the Chinese state hopes that important ideas like an aspect of a design or Aerodynamics will "rub off". These industry secrets if you will would, in turn make Chinese domestic cars much more valuable and safe.
    • jared snell
       
      The fact that Chinese domestic manufacturers are can't use robots as efficiently as their international counterparts is just the classic case of under-skilled labor within the secondary sector.. Because international corporations have been around for years, they have been able to master and teach the techniques of operating a complicated machine like a robotic arm. In turn, they are much more efficient in their production and generate a higher profit. On the other hand, China is relatively new to the light vehicle scene and as consequence it's workers aren't as experienced.
    • jared snell
       
      My only question is why have the 50-50 cap in the first place? Is it to protect domestic companies and act as a tariff in a sense? Or is it their to allow the Chinese government to tax the multi-national vehicles?
    • jared snell
       
      The article had mentioned that Chinese domestic vehicle manufacturers were unpopular with the public due to poor crash test results and safety risks. This other article relates seeing how it explains how Toyota had to recall over 6 million vehicles due to product defects that could pose a serious safety threat. Here's the link:http://www.nytimes.com/2014/04/10/business/international/toyota-to-recall-vehicles.html?rref=business/international&module=Ribbon&version=context&region=Header&action=click&contentCollection=International%20Business&pgtype=article
Jake Kurtz

U.S. Adds 192,000 March Jobs, Unemployment Rate Holds at 6.7% | Fox Business - 0 views

    • Jake Kurtz
       
      It is not surprising to see more jobs in health care being created since we Rubenstein talked briefly on the matter in the text. Due to the fact that the life expectancy is raising day by day, it comes with no doubt that we will continue to see more job growth in this field.
    • Jake Kurtz
       
      Is the majority of the decrease in federal gov't jobs due to the continued decrease of our military initiated by Pres. Obama?
    • Jake Kurtz
       
      In general, we are currently seeing more growth in the service sector than compared to the industry sector in the United States. This is most likely because of more and more people becoming further educated and aspiring to become white-collar workers as opposed to blue-collar.
  • ...4 more annotations...
    • Jake Kurtz
       
      It's surprising to see job growth in the mining industry even though some companies continue to outsource b/c of the industry being bulk-reducing and a pattern of continued use of more technology in this field of work.
    • Jake Kurtz
       
      This is exciting to see that more Americans are getting back to work!
    • Jake Kurtz
       
      The reference to the winter weather is an example of nature culture and how nature effects the way of life in the region since it noted how the weather hindered potential improvement in the job market.
    • Jake Kurtz
       
      Here is a short video with shows correlation with this article. (There is even a reference to demographics!)http://video.foxbusiness.com/v/3431816342001/job-numbers-headed-in-the-right-direction/#sp=show-clips
Isabella Silagyi

Industries, TCEQ fight study linking death, ozone - 0 views

    • hseig13
       
      Even though it is obvious the pollution is bad for health, there are still those trying to fight against regulations.
    • hseig13
       
      Texas seems to be an area with heavy industry, probably close to inputs and/or markets.
    • hseig13
       
      How, even after research is conducted, are there still those fighting against regulations?
    • Isabella Silagyi
       
      Article on Harrisburg states the opposite, industries seem to not be the leading factor in increased air pollution.
    • Isabella Silagyi
       
      Nature Culture: because people are exposing pollution to the air, it in turn is having a negative affect on people. The way they interact with the environment (degrading it).
Hayley Murdough

New study raises threat of bankruptcies for container-shipping industry - 0 views

  •  
    This article details how many container shipping industries are in danger of going bankrupt due to some fuel saving attempts and even attempts to drive up prices to increase profit. Due to these attempts, carriers lost $1.1 billion between 2007 and 2011. This could affect how goods are moved, and may drive up prices as more expensive modes of transportation are used. Since boats are the most cost-effective by distance, the problems of money in shipping could increase. I wonder if this will end up being an issue, or if the government or shipping industries will step up to reduced this problem. This could affect where companies place their factories. It is a largely situational issue.
Katelyn Kopacko

GM recall of 1.4 million cars hurts industry's income - 0 views

    • Katelyn Kopacko
       
      I was surprised that other car industries had to pay massive fines, while GM didn't have to pay any.
    • Katelyn Kopacko
       
      Other car companies around the world have to follow the NHTSA guild lines, and GM just now did.
    • Katelyn Kopacko
       
      This is industrial because GM tested and created it's own cars, and failed to report hazards.
  • ...2 more annotations...
    • Katelyn Kopacko
       
      Why did GM not react as quickly, when they obviously knew about the on going problems with the cars?
    • Katelyn Kopacko
       
      Mazda also has started to recall faulty car parts, but it was recognized much more quickly than GM. http://www.nhtsa.gov/Vehicle+Safety/Recalls+&+Defects
  •  
    GM has started to recall millions of cars after 31 deaths throughout the past few years, which has resulted in the industry not being as successful as it once was.
Clayton Lockwood

Current Event #9 - 3 views

  • U.S. technology&nbsp;companies remain silent in the wake of the sudden and escalating&nbsp;standoff between the U.S. and Russia over the latter's annexation of Crimea in&nbsp;Ukraine, but&nbsp;experts say that economic sanctions&nbsp;could still impact their operations in the countr
  • U.S. technology&nbsp;companies remain silent in the wake of the sudden and escalating&nbsp;standoff between the U.S. and Russia over the latter's annexation of Crimea in&nbsp;Ukraine, but&nbsp;experts say that economic sanctions&nbsp;could still impact their operations in the country.
    • Clayton Lockwood
       
      This text, though connecting directly to industry, also speaks a lot about political geography, 'the struggle over space' as well, tieing it in to past units, and showwing the connectivity between all sections of uman geography
  • Technology companies in Silicon Valley
    • Clayton Lockwood
       
      What in particular lures computer companies in particular to put factories in silicon valley?
    • Clayton Lockwood
       
      one of the words larger industrial centers because of the nearby ural mountains, which contain many reasorces
  • ...3 more annotations...
  • Global technology companies have only a small impact on Russia's overall economy, despite the country's recent&nbsp;status as a high-growth "BRIC" economy.
  • Russia is&nbsp;the 15th-largest smartphone market and fifth-largest tablet market in the world.
    • Clayton Lockwood
       
      this connects to cultural landscape because it shows that many people in russia probably have iphones or tablets, and owning one, or seeing them often is not an unusual occurance.
  • You might find that Moscow suddenly finds that these U.S. companies 'owe taxes
    • Clayton Lockwood
       
      because of the situation, tax might prompt companies to move
  •  
    All about possible sanctions of U.S goods from Russia which effects many computer companies which have factories in silicon valley
  • ...2 more comments...
  •  
    I think this is so interesting as it is a dramatic issue in the world right now. We know that through political geography, conflict almost always arises over land and resources. This situation is no different. Russia is trying to gain more resources and the rest of the world does no approve. I wonder how sanctions will affect developing nation's economies. Which economies will be hurt the most by this change?
  •  
    The fact that all of those big companies declined to make any comment on how the situation will affect their business just really proves to me that they are really worried about the impacts of the events going on in the Ukraine and Russia. With the Russian economy right on the brink of recession, can/will they be able to risk losing a ton of U.S. technological business, and be able to create all of their own technology without U.S. parts or devices?
  •  
    I think that it is interesting that the company might have to move due to taxes. I don't think that they talked much about it in the textbook but I do feel that it is a HUGE reason that companies might have to move so that they can keep up their profit.
  •  
    It's interesting that the US is getting involved in the issue between Russia and Ukraine. It's unfortunate that the computer companies might feel a backlash from Russia's actions in Ukraine. Nice work Lockwood!
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