The Importance Of Economists Like Christian Broda To A Country

In the contemporary world, we carry out our various tasks without the knowledge of how different scarce resources such as land, raw materials, labor and machinery are found and exploited to bring up the goods and services offered to us. Things such as the growth and development of firms and industries, the good decision making in our governments on matters to deal with the country’s economic issues arising in the sector of currency fluctuation against foreign currencies and how they affect import and export markets. We have no idea on how the economy is balanced; all we want to hear is that the prices are fair and accessible in the market without the knowledge of how it came to be.

The research conducted by Christian Broda on factors like energy costs, inflation, interest rates, farm prices, rents, imports, exports and employment, are performed carrying survey, questionnaires, reading of different articles, exchange of ideas and debating so as to present economic and statistical concepts in a clear, meaningful way for those who do not have a background in economics. These economists are in various discipline, for instance, one can be deal with monetary and financial issues. Others deal with government, education sector, health and so many sectors, and they provide information concerning these areas when matters arise. Economists work alone in that, they don’t require supervision and pressure in terms of deadlines and tight schedules, their work requires writing of reports, preparing of statistical charts, using of computers and may sometimes be required to go for research. A lot of individuals don’t get bothered about how things work according to plan, only that everything is made easier and accessible for them. It is obvious that these individuals don’t think about men and women who have designed and made these things easier for them to manage and go on with their lives without problems.

Among many, we come across an economist Dr Christian Broda. Dr Broda is a married man, with two sons and an economist with a Ph D and a Masters from Massachusetts Institute of Technology as well as a Bachelor from Universidad de San Andres in Argentina, where due to hard work became the managing director at the Duquesne Capital management. Prior to that, he doubled his efforts and served as the professor of economics at the University of Chicago, his hard work has been proved in the numerous published articles and books on international finance and trade. His efforts born fruits in 2005 and 2008 when he was awarded two national science foundation grants to support his research, and this led to him being named the James S.Kemperer scholar in 2006.

Dr. Broda also served appointments at Lehman Brothers as chief international economist. He later became a co-editor of the IMF Economic review and a member of the Latin American Association Economic Journal.

United States Dollar to Maintain Stability

Many questions have been asked if the dollar will maintain its supremacy. A lot people thought otherwise. Christian Broda from the University of Chicago, a hedge fund manager, is one of those who have been positive about the dollar remaining relevant. These doubts about the dollar emanate from the challenges the United States fiscal system has gone through. Many major currencies are struggling to dislodge the dollar as the main currency in international trade.
After the Global Financial Crisis, it was expected that the dollar usage would decline. Other currencies were expected to rise as a result of the same. Financial analysts and hedge fund professionals were of the opinion that the dollar be replaced. However, it did not happen. The dollar has continued to maintain a lead among the major currencies. It is still a choice for many investors. The stability of the dollar has served to silence the notorious critics. World economists have also raised concerns that the United States Dollar could be the reason for unfavorable international business in the world. They claim that changes in the US adversely affect the dollar and other currencies too. In that regard, they have proposed a single world currency, which is not of one country.
Amid all expectation of the dollar to fall, Christian Broda has been among the few economists who have maintained faith in the dollar. Christian expressed confidence that the United States Dollar would continue to be strong, regardless of the prevailing financial challenges. To demonstrate his point, he had published academic journals and papers in support of his assertions. Christian is a dedicated and analytical individual who continues to amaze may on-lookers. He maintains his job as Professor of Economics, Hedge fund manager and Managing Director.
In 2009, Christian and Ethan Haris co-authored a white paper, predicting stable inflation over the next few years. In the article, Christian and Haris predicted that the dollar would continue to dominate the international due to stable inflation rates. It is important to note, that their prediction about the dollar has surely come to pass. He has maintained that the dollar will remain the currency of choice regardless of the prevailing circumstances.
It is evident that Christian has not only supported the dollar, but other currencies. A good example is in 2004, where he showed resilience in supporting the Bank of Japan (BOJ). At the time, many financial pundits said the Japan’s fiscal system would be ripped apart the economic challenges facing the country. Therefore, Christian’s analysis and predictions are always backed by facts, rather than mere speculation. Christian has continued to gain influence due to his unmatched analysis. It has even earned him a position as Duquesne Capital Management’s Managing Director.

The Uprise of Digital Advertising in Brazil

Digital advertising has come a long way in Brazil, and it has now become one of the most popular advertising methods. As of 2013, it was ascertained that about 100 million Brazilians were digital. That is to mean that they were using digital devices including laptops, iPads, tablets and smart phones, had access to the internet and were actively using social media platforms. Today, the online user-base has incredibly increased with a promising exponential growth in future. Brazilian companies are grasping this new opportunity to their advantage. They are transforming the data to actionable information and incorporating it into their business strategy.

Use of mobile phone applications grew by a stunning 76% from 2013 to 2014. This followed a dramatic growth of smart phone penetration by 43%. Mobile apps for shopping were the most utilized apps in 2014. Programmatic media is another upcoming digital advertising strategy taking Brazil by storm. Although TV is still the number one advertising platform in Brazil, it has been reported that about 38% of Facebook users in Brazil are on their Facebook while watching TV. Therefore, many companies are trying to coordinate their TV ads with social media campaigns.

CypressAssociates says that YouTube is also a growing advertising tool for businesses in Brazil. Many Brazilian stars have made it to fame through YouTube. Brands have also made viable efforts to seize the opportunity of YouTube advertising. Several companies have actually done it successfully. Content delivery is a great benefit that has come along with digital advertising. Companies can now deliver more relevant content to their target markets. This is contrary to traditional advertising methods where the same message had to be passed to everyone across the country. Social media has offered a good channel for social sharing. Customers can now share their experiences with a product or service. This is of great importance to companies since they can improve their products or services.

As advertising experiences a paradigm shift in Brazil, some advertising agencies are making a fortune out of it. Claudio Loureiro, a founding partner of Heads, has made the agency rise to the fourth largest advertising agency in Brazil. He has been a great contributor of advertising innovation not only in his agency, but also in the country. He has also brought on board some great advertising professionals such as Woody Allen, a factor that has greatly boosted the success of the company.

Contribution of Bonar in Finance

When it comes to making financial decisions, quite a good number of companies undergo a lot of challenges. Dpending on how the financial decisions are made, will determine whether the company will succeed or fail. For companies and other institutions to do well, they require the services of qualified and experienced financial adviser especially when they want to get into deals that require a large of amount of money. Since the core aim of starting any business is to make profit, financial decisions should be mad in such a way that the company will not make any loss. Some transactions such as buying an asset that will not be used in generating any income may cause a financial crisis for a company in case of financial shortage to run day to day activities while the asset is just there without being used. Apart from just making the best financial decisions, these financial adviser can also help companies strategize on their business plans which at times are translated into a reality.

Brian Bonar is a well known person in the world of finance and is among the leading persons in offering financial services that include sales, management, acquisitions and mergers, and many others. He graduated from James Watt Technical College in 1963 with a degree in mechanical engineering and there after a masters degree in engineering from the university of Stamford in 1973. Currently he is the chief executive officer and chairman of Trucept who are specialists in offering services in many fields such as solutions on payroll and many other human resource related services. In Darlada Financial Services, which deals with insurance, finance and business process out sourcing, he is also the chairman and chief executive officer. He has also served in other companies such as solvis group and American Management services where he was the chairman. His experience has made him recognized and his services are sort for by many investors. Take a look at his MG2 profile here.

All financial adviser must show or assure their client that their advice and involvement in the firm will bear good fruits. The financial advisers should have the knowledge on all the laws that regulate all transactions related to financial transactions such as tax so that the firm can comply with them to avoid penalties that may be laid against them either by the government or taxing firms. They should also be aware of matters dealing with the administration of payroll such as deductions that should be made either from the employee or the employer so that they can be effected for the need to comply with the law. These experts conduct businesses for various companies and in many cases the don,t go wrong in their predictions and advice.

Vijay Eswaran: In Constant Metamorphosis

Vijay Eswaran is no stranger to change. The founder of the well-renowned QI Group of Companies was born October 7, 1960, in Penang, Malaysia to educated, working-class parents. His mother was an educator, and his father worked with the Malaysian Ministry of Labour, which required the family to travel throughout the country during his childhood.

Eswaran received his degree in socioeconomics from the London School of Economics in 1984. He remained in Europe for a year after graduating college, working odd jobs ranging from farming and construction work to cab driver. He later was employed by Synaptics, a computer hardware company when he was introduced to the binary system of marketing (a method multi-level marketing businesses in which a left and right subtree is used). Driven by the desire to pursue a career in business management, Eswaran obtained his MBA at Southern Illinois University in 1986.

In 1998, Eswaran co-founded the QI Group, global e-commerce conglomerate comprised of a group of businesses in the following areas: travel, education and training, telecommunications, luxury products, health and wellness, and investments. QNet is the direct sales division of the company, with 25 locations worldwide (including Malaysia, Singapore, and the Philippines).

Eswaran encourages individuals with their career and educational goals through his mentoring, public speaking, and philanthropic efforts. He emphasizes that self-actualization is the key component to goal achievement and uses eastern philosophy as one of the tools. His many endeavors include:
Publication of In The Sphere of Silence, a book on the methodology that combines ancient wisdom with modern practicality (2005)
Publication of In The Thinking Zone, a book of inspirational quotes (2008)
Publication of 18 Stepping Stones, a book describing and 18-step plan to improve quality of life
Publication of On the Wings of Thought, a book of thoughts and reflections on life
Contributions to various newspapers in Malaysia and Sri Lanka
Motivational speaking at leading institutions and seminars (e.g. World Economic Forum, Sixth Pravasi Bharatiya Divas, etc.)
Establishing the RYTHM Foundation (Raise Yourself To Help Mankind), a flood-relief project to aid school-aged children
Donations to numerous educational and humanitarian organizations

Eswaran believes that serving others is an element of self-discovery and attributes his success to combining his cultural roots with his keen business skills. He has been the recipient of many awards including the lifetime achievement award in Regional Philanthropy by the Asian Strategic Leadership Institute and was also named by Forbes Asia as one of the 2011 Heroes of Philanthropy. Vijay Eswaran’s Twitter is linked here.

Having An Eye For Art

In many neighborhoods and cities art galleries proudly line the streets, allowing one to purchase art pieces either for investments or because the work simply moves them. Many well-known and affluent individuals have a passion for art collecting however it is also a wonderful way to increase wealth.

One famous art collector is Steve Wynn, the Chairman and CEO of Wynn Resorts. In the 1990’s while transforming the Las Vegas Strip with his unique and elegant hotels such as one that nightly provides a volcano at his Mirage Hotel Wynn was beginning his remarkable art collection. Some of his collection includes Rembrandt’s Portrait of a Man, with its intricate texture and light qualities and another by this Dutch painter titled Portrait of a Man with Arms Akimbo, created in 1658. Wynn also owns the 1890 Vincent van Gogh creation Peasant Woman Against a Background of Wheat (Van Gogh created a few versions of this) and a piece that features a prima ballerina posing on a stage titled Dancer Taking a Bow by Edgar Degas.

Finding success in the music business, David Geffen was responsible for Asylum and DGC Records, later co-creating the animation empire of Dream Works in 1994. Geffen also collects American artwork stemming from the post-war era which includes several works by abstract expressionist Willem de Kooning such as his Police Gazette and Woman III and creations by American painter Jackson Pollocks such as his innovative No. 5.

An art collector to arrive from the hedge fund industry is Adam Sender who has combined a huge collection of art by many new artists. This art collector once was a thriving hedge fund manager for SAC Capital, later he established his own company called Exis Capital Management Inc., but he also has a passion to pursue contemporary art. Like his smart moves in the investment world, Sender has a natural ability to select great pieces that are personal and rich.

Sender actually put about 70 of his pieces on display in 2011 and he titled the event “Home Alone.” Sender’s large and luxurious home in Miami housed this event. A few years later, he decided to sell some of these works at Sothebys in New York, creations by about 139 various artists such as Cindy Sherman who is appreciated for her conceptual portraits, Dan Flavin and Richard Prince. Check out this article by ArtNews on Adam Sender.

The reasons why any individual collects art are various. Of course owning works by a famous artist is profitable and makes a great investment. It also offers wonderful feelings that one cannot obtain by anything else, the emotional satisfaction that is gained simply by looking at a particular piece in your office or home. You receive continual pleasure!

S’well Can Help Build Your Business

Even if you have only eyed the idea of starting a business, you probably have the general idea of time equals money. At least, you have probably heard this saying before. Basically, it all boils down to the more time you waste, the more money you miss out on. That would also mean the faster you get your business up and running, the more money you will make and the more successful you will be. Easy enough, right? Well, to make this money and to get your company up and running quickly, chances are you need a bit of help. Most companies are not massive success stories overnight, and some might not come to any kind of success for years. That is exactly why S’well wants to help.

As posted on LinkedIn, S’well is all about helping people just like you build your business not only faster, but smarter as well. While time might equal money, a rush job typically equals a quick collapse. Nobody wants to be in a quickly made boat, because that boat is liable to sink when you’re in the middle of the ocean. Not good. Instead, you need something build efficiently and smartly. S’well can help with the marketing aspect of the business and raising money. If there is one thing any business needs more of it is money. When starting your business from the ground up, this is probably what is most important and also what is most lacking.

Receiving assistance from someone who has been through the process of opening a business before and the struggles that go along with it can prove especially beneficial. Yes, you are going to make mistakes, and you should, as long as you learn from them. However, Sarah Kauss and S’well want to help at least point you towards success.

Pittsburgh Businesswoman, Susan McGalla Sticks to Her Game Plan as a Female Executive

American Consultant and career business woman, Susan McGalla learned early on that being “female” in traditionally male dominated chief executive positions, was a challenge. But, she was clearly prepared to handle the challenges due to her upbringing in East Liverpool, Ohio.

McGalla grew up in a household also filled with male bravado, courtesy of two brothers and a football coach father. Her motivational factor, actually came from her father, who instilled in her the fact that it didn’t matter if you’re a man or a woman, just be a strong, focused individual.

As a veteran retail executive, Susan McGalla managed top level decisions for household name brands, American Eagle Outfitters, Inc. and Wet Seal. Being confident in her own abilities made McGalla comfortable as a woman in business operations, this confidence helped propel McGalla to significant positions within successful corporations.

McGalla earned her Bachelor’s of Art Degree from a private liberal arts college in Alliance, Ohio, Mount Union College. After college, McGalla’s employers saw huge potential within her and she managed to capitalize on the possibilities when she was presented with opportunities for career growth.

In 2009, she was recruited as the top talent for American Eagle. Prior to rising to the top position of Chief Executive Officer with American Eagle Outfitters, Inc., Susan actually worked her way through the ranks in a manner which epitomizes her strategy for exceeding expectations.

Obviously, McGalla did not let gender hinder her career growth; she continued to excel in top level positions. Many of her make peers expressed surprise that she was both female and so young. As a successful executive and business woman, McGalla turned her talents to providing instruction to other women aspiring to reach their highest potential. In her consultant capacity, she founded the company, P3 Executive Consulting, LLC. She provides client consults, giving directional advice in regards to brand building, marketing and talent acquisition.

Today, Susan McGalla continues with the challenge of being a female entrepreneur while working as the Director of Strategic Planning and Growth for the Pittsburg Steelers Football Organization front office.

Although, McGalla career success makes her a sought after consultant and public speaker, with the Women and Girl’s Foundation of Pittsburgh and as a Series CEO Speaker for the Carnegie Mellon University, she doesn’t consider herself a barrier breaker. When asked about the possibilities of women achieving success in male dominated careers, she stated, “My angle on this in my career was not to ‘break the glass ceiling,'” McGalla explains. “To make the point, I never carried a chip on my shoulder of what I should be entitled to as a woman or what prejudices existed.”

Clearly, Susan McGalla has no issue with being a successful top level executive. Chief Executive Officers are still 90 percent male, with women only accounting for 10 percent of those jobs. To Susan, being a woman wasn’t a stumbling block for her career success because she always maintained a confident, optimistic approach.

Vijay Eswaran: Entrepreneurial Drive and Charitable Heart

In 1984 Vijay Eswaran graduated from the London School of Economics. After graduation he explored Europe, and worked a few jobs that fell outside the scope of his degree. A short time later, Vijay decided to continue his education. He went on to earn an MBA from Southern Illinois University.

Mr. Eswaran is best known in his home country of Malaysia as an entrepreneur, and businessman. He is the founder and Executive Chairman of the QI Group. The QI Group has offices throughout Asia. They function by combining direct marketing and e-commerce,. Their business focus includes, travel, corporate investments, media, and several other interests. In addition to running QI, Mr. Eswaran is a published author, speaker, and active philanthropist.
The books written by Vijay include: In The Sphere of Silence, In The Thinking Zone, 18 Stepping Stones, and On the Wings of Thought. The common theme among all his writings; sharing his personal philosophy, and life practices. He relates thoughts and feelings through words and photography. His wish is to provide advice, and inspiration, for living a successfully balanced life. Vijay also shares his personal outlook as a motivational speaker. He has been invited to speak at venues focused on a wide variety of subjects, including: business management, leadership, and spirituality. Vijay Eswaran was also discussed by

In keeping with his spiritual beliefs Mr. Eswaran has created, and remains active in, charitable foundations. The goal of these foundations is developing, guiding, and empowering people. The hope is that people who are sometimes marginalized will, with help, realize their potential. These groups include children, women, people in need of special education, and others who would benefit from mentoring. Maybe that is why in 2011 Vijay Eswaran was named in Forbes Asia’s, Heroes of Philanthropy. Since 2011, Mr. Eswaran has been recognized for several other instances of his philanthropic work in is area of the world. Creating and sharing economic and educational opportunity seems to hold a special place in the heart and mind of Vijay Eswaran.

Challenges of Investing in Brazil as Highlighted by Flavio Maluf

Eucatex a company established in 1951 is the first on to have in mind that it’s the only country that had environmental friendly policies. The company initially started as a manufacturing industry however, with years it has expanded to serving manufactures in large industries. Being a pioneer company in the field of construction was not a walk in the park as many may think. The uncertain times of economic depression in country were hard for the company. Flavio Maluf, the president of Eucatex says through Poderonline the secret of them soaring high despite the unstable conditions is efficient management. The management should also know how to invest more especially in the area of production. This is because the consumers look at the quality of the end product more keenly. Therefore, if a company produces poor goods they are assured of losing customers and converse holds the truth. Also advises that opportunities present themselves even in unstable conditions. The management has to be keen enough to be able to notice them.
Brazil is lucky because it’s one country that is strategically well located for business. Moreover, it’s hard to comprehend that it’s still difficult for the country to obtain credit. The interests rates charged in financial institutions are very high not to mention the high tax rates. Any business person will definitely tell you that, such an environment does not favor investment opportunities at all.

Taking the forest industry as an example, it requires very high working capital. Many entrepreneurs putt of the forest industry because they are unable to overcome the challenge of high working capital. Apart from the fact that the industry is the only one that can lease the land harvest is allowed after six years.

Some conditions especially the economic ones are not favorable for trade and industries. The mechanical engineer graduate further points out it’s the reason why no matter how much the professionals deem the best; making out in such a country is very hard.

The current technology, expanding business is not a hard thing the creation of partnerships is further enhanced. Maluf points out that there are solutions that are based on chance, these solutions are decisive. To increase competitiveness in the industry, the Brazilian professional has to take the advantage of technology. For instance the manufacturing industry has to update its equipment’s which is nearly 80% if they are to remain relevant in the market in the next five years.

Maluf foresees tough times in the Brazilian industry in 2015-2016. The only industries that will survive the hardships are the food and beverages industries. He advises entrepreneurs to hold onto their business saying tough times pass but not tough people.