- A + A HONG KONG (Oct 5): The global economy is at increasing risk of recession and it could lose US$4 trillion in output through 2026, a “massive setback” roughly equivalent to the size of Germany’s economy, the International Monetary Fund’s top official said. The situation is “more likely to get worse than to get better”, managing director Kristalina Georgieva said in prepared remarks for an IMF event Thursday in Washington. She cited uncertainty that remains “extremely high” after Russia’s invasion of Ukraine and the pandemic, and warned that “there could be even more economic shocks”. The head of the crisis lender spoke ahead of its annual meetings next week, when finance ministers and central bankers will converge on the US capital to seek solutions for global challenges such as persistent inflation, record debt that emerging developing nations are struggling to service, climate change and food security. The IMF estimates countries accounting for about a … [Read more...] about Global economy could lose US$4 trillion in output, IMF chief warns
Issuing verbal warnings
- A + A WASHINGTON (Oct 7): The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping health, food, energy and inflation crises, 140 civil society groups said in a letter to the IMF's board on Thursday. IMF officials in July said a fresh issuance of Special Drawing Rights (SDR) reserves was among the options for aiding countries struggling with spillovers from Russia's war in Ukraine, but there were no active discussions on the matter. The World Bank warned last month of the growing risk of a global recession as a result of the war, and said on Wednesday nearly 600 million people would still be living in extreme poverty - with income of just $2.15 a day - by 2030. The groups' plea for a second major SDR allocation in just over a year comes as global finance officials prepare to meet in Washington for the annual meetings of the IMF and World Bank. Similar calls have come from lawmakers … [Read more...] about IMF should issue new reserves to help countries tackle overlapping crises – groups
Share to Twitter Share to Linkedin A week ago I received a job offer. I counteroffered and 3 days later they told the recruiter that they denied my counteroffer and were rescinding the offer altogether. No explanation. Have you ever encountered this before? – Terri Having a job offer rescinded for making a counteroffer during the salary negotiation is rare. In over 20 years of recruiting, I have only seen it firsthand one single time: A senior manager in advisory services had verbally accepted an offer after a long back-and-forth. Not a week later, he asked yet again for more money (and not a lot of money, less than five percent of the total package). Not only did the prospective employer decline the counter, but they pulled the offer altogether. In the senior manager case, the deciding factor wasn’t that the candidate made a counteroffer on salary. The candidate counteroffered multiple times during the long earlier negotiation, as did the prospective … [Read more...] about 3 Salary Negotiation Mistakes To Avoid When Countering A Job Offer
Share to Twitter Share to Linkedin From the National Women's Soccer League (NWSL) to the Boston Celtics, romantic relationships are creating havoc. An independent investigation into women's professional soccer revealed that, among other serious problems, intimate relationships between coaches and players were rampant. And professional basketball confronted the issue of workplace relationships last month when Boston Celtics head coach Ime Udoka was suspended for his role in a romantic relationship with a staff member. Intimate relationships remain a serious problem for organizations, especially when there's a power imbalance between romantic partners, yet experts disagree on the best way to address the issue. The investigation into women's professional soccer revealed "systemic" abuse, including sexual misconduct, verbal abuse, and sexual coercion by coaches. Focusing primarily on three male coaches in the NWSL, Paul Riley, Rory Dames, and Christy Holly, the … [Read more...] about Women’s Professional Soccer, The Boston Celtics And The Intimate Relationships Problem
The U.S. National Archives has a 23-minute short film produced by the Army Signal Corps called “Don’t be a Sucker.” It’s a worthwhile watch on the role of active citizenship and persuasion. “We must not allow the freedom or dignity of any (person) to be threatened by any act or word,” the film advises. Among other noteworthy comments: “You have the right to be what you are, say what you think, because here we have personal freedom. We have liberty, and these are not just fancy words. This is a practical and priceless way of living. But we must work at it. We must guard everyone’s liberties, or we can lose our own.” Ballots are two weeks away from being sent to every registered voter in Colorado for the November 8 midterm elections, and our liberties are at risk. Congress continues to investigate the events surrounding January 6, 2021, in an expanded investigation finding that former President Donald Trump was executing a comprehensive plan to overturn the results of the … [Read more...] about Opinion: Violence against America? Understand it and your role as a citizen.
Share to Twitter Share to Linkedin Topline The University of Idaho sent a memo to students and employees Wednesday clarifying recent guidance that warned employees who promote abortion or contraception while on the job could be charged with a felony, making clear the school’s guidance was based on state law and not a change to its own policies one day after President Joe Biden slammed the initial letter. Key Facts The university sent an email to all employees on September 23 that warned doing anything involving abortion within the scope of their employment—including promoting it, performing an abortion, counseling in favor of it or referring someone to get an abortion—could be a felony under state law, as could promoting “services … for the prevention of conception.” After that guidance attracted national attention and drew widespread outrage from faculty and students, the university said in a follow-up memo Wednesday it wanted to “clarify … [Read more...] about University Of Idaho Says New Abortion Guidance Isn’t That Different From Before — But Faculty Could Still Face Criminal Prosecution
Share to Twitter Share to Linkedin Robert Fenton is the founder and CEO of Qualio , a cloud-based quality management system (eQMS) for life sciences teams. Trust is among the most fragile of human emotions. Once lost, it can be nearly impossible to rebuild. But broken trust doesn’t just impact relationships; it’s also a key influence on consumer behaviors and purchasing decisions—especially when patient lives are on the line. If a pharmaceutical or medical device company suffers a serious hit to its reputation, such as an FDA warning letter or a product recall, consumers are dramatically less likely to engage with that brand as a whole in the future. In a recent survey my company conducted of more than 2,000 Americans, we found that more than half of consumers are unlikely to use a product after a recall, even if the issue has been adequately addressed. Even a warning letter can have serious consequences. A staggering 80% of consumers are … [Read more...] about Recalls Strongly Sway Consumer Healthcare Decisions—How Should Life Sciences Leaders Evolve To Build Trust?
Share to Twitter Share to Linkedin 2021 saw the voluntary carbon markets hit over $1 billion in value, as increasing numbers of brands are setting net zero targets. Yet those markets are in upheaval as pressure increases for standardisation around the transparency and credibility of credits. Less attention however has been paid to the continuing supply of high quality credits – a key concern for net zero brands. An enormous increase in demand has led to price pressure, which carbon intelligence platform Sylvera warned about in June 2021. Its 2022 Carbon Credit Crunch doubled down, with a warning that since 2020 carbon credit inventory has been falling. Cultivo is scaling up to address just that problem, a climate focused fintech with a mission of accelerating investment into nature. It’s looking over the longer term to generate credits over 1% of the world’s surface, land the size of Mongolia, or twice the size of Texas. How Cultivo addresses the … [Read more...] about Mark Carney Joins Cultivo As It Scales Up Its Mission To Fix The Upstream Carbon Markets
As I have already confessed several times in this column, the pandemic was not kind to my memory . Even after the worst of the virus-related disruptions had passed I found myself frequently walking into rooms and not remembering why I was there and blanking out on many of life's small chores and obligations. Worried, I went digging around online and discovered I was not alone. There are very real neurological reasons why two years of confinement, boredom and stress can lead to a foggy mind and forgotten permission slips. Happily, I also learned my 40-some odd years shouldn't be slowing me down mentally either. Most healthy brains don't start slowing down until well into your 60s. Which is good news for me and the many entrepreneurs who, like me, suffer from frequent small memory lapses. But this happy discovery raises a complementary question. If post-pandemic Swiss-cheese-brain isn't a sign of a serious cognitive glitch, what is? When should you worry that something … [Read more...] about A Neuroscientist Explains When It’s Time to Start Worrying About Your Memory
Kornelius Purba (The Jakarta Post) Jakarta ● Thu, October 6, 2022 2022-10-06 22:56 0 fa2962411db2fb2844cc4b0549d839cb 1 Academia UN,General-Assembly,Ismail-Sabri-Yaakob,Myanmar,junta,criticism,Aung-San-Suu-Kyi,Min-Aung-Hlaing,Hun-Sen,ASEAN,peace,human-rights Free Malaysian Prime Minister Ismail Sabri Yaakob set a significant diplomatic precedent for ASEAN when he openly criticized the United Nations Security Council (UNSC) on Sept. 24 for doing too little to help Myanmar’s people escape from the genocidal acts of junta leader Gen. Min Aung Hlaing. The regional bloc’s diplomatic offensive would have been much more impactful had President Joko “Jokowi” Widodo turned up and addressed the annual United Nations General Assembly (UNGA) in New York, United States – shameful for the Indonesian President. Jokowi’s reluctance to personally address the world’s largest annual forum for the seventh consecutive time is difficult to understand because he missed an … [Read more...] about PM Ismail internationalizes Myanmar crisis at UNGA