Dutch designer Greetje van Tiem (Graduate Design Academy Eindhoven) has an intriguing idea.
Turning old newspapers into yarn that can be woven into carpets, curtains and upholstery. A great example of maximising value!
Sphere: Related ContentArchive for April, 2008
Business 2.0 has identified 15 companies as true gamechangers for the upcoming years. These game-changing startups are likely to upend existing industries - and spawn new entrepreneurial opportunities into the business community.
The 15 startups can be categorised into four spheres: Social Media, Hi-Tech, Energy, and Business Services. A slideshow on all 15 startups can be found here and you can read the full backgrounder here.
Sphere: Related Content
UBS AG together with Citigroup and Merrill Lynch are the top three losers of the US subprime mortgage crisis, together they wrote down US$106 billion to date.
During UBS’ annual meeting on Wednesday April 23rd in Basel, shareholders were asking just one question: How did UBS manage to lose $37 billion betting on American mortgage-backed assets, battering its core capital and share price in the process?
The UBS internal investigation report on the write-downs gives three broad explanations for the bank’s woes. The investment-banking arm’s preoccupation with growth, the reliance of the control team on flawed measures of risk, and the culture of the bank. A more detailed explanation on all three causes can be found here. The credit squeeze is graphically explained by the Financial Times here and by the BBC here.
Sphere: Related Content
Always been looking for the next big thing? Please keep an eye on The New Disruptors - A video series written and produced by Business 2.0 Editor-at-large Erick Schonfeld in conjunction with CNN.
Now is your chance! If you want to live the “O.C” lifestyle but don’t have the O.C. bucks, here’s your chance.
Despite its glamorous reputation as the place where great wealth meets great tans, Orange County, California, is ground zero for the housing bust.
Today there are more than 3.300 foreclosures in the area which makes it a great bargain, especially for Europeans with the weak US dollar. BusinessWeek listed the most expensive foreclosed properties coming to auction here. For a detailed report on The Other Orange Country you can follow this link.
Sphere: Related Content
Onitsuka Tiger, the Japanese sports brand, launched a sneaker vending machine on Carnaby Street today. Sneaker vending isn’t entirely new-it’s been done in Japan, off course, by Reebok. Onitsuka Tiger, on the other hand, put some effort into custom-building their machine, which can sell 24 pairs of shoes at a time, in 6 sizes.
Following its London debut, the machine will travel across the UK to bring convenience-buying to the rest of Britain. Fun bit of brand promotion; “What, these shoes? I just got them from a vending machine down the street.” Nevertheless, other unconventional vending machines have been reported in the past such as machines that vend umbrellas and hair straighteners.
Sphere: Related Content
According to research by OECD South Korean workers toil for over 45 hours every week on average, nearly seven hours longer than workers in any other OECD country.
The Netherlands has the shortest working week out of all OECD countries. However where more people work part-time the average working week is likely to be shorter. The Netherlands, where 45% of workers are part-timers, the highest proportion in any OECD country, has therefore the shortest working week.
Americans put in 15% more hours on average than workers in the western (richer) bit of the European Union. Owing to flexible arrangements for part-time workers, generous welfare systems and a limit on the working week all contribute to Western Europe’s seeming indolence.
When I first saw that Barack Obama “followed” more than 23.000 people’s Twitters and Hillary Clinton followed 0, I thought it was simply bad PR on Hillary’s part. Like Obama, she probably should pretend she’s listening to all those people, even though neither has the time for it.
Now I was left wondering if Obama’s thousands followers could be valuable data? Perhaps analytics companies could rake through those tweets and give the candidates charts about shifting attitudes and responses to speeches. Costly? Not much in comparison to TV ads at state television I assume. Is it worth it for candidates to mine Twitter?
Sphere: Related Content
The mood in London financial markets is not good. House prices are going down, and with them the British pound. Investment bankers within UBS are looking around for jobs, and the Royal Bank of Scotland is sweeping ABN Amro’s trading floor clean with incredible lack of style:
ABN’s structured credit traders were apparently told on Thursday that they should report to RBS’ London office in preparation for a move there on Monday. Terminals needed to be checked and such like. And when they got there… they were all fired (full story).
Luckily, the British have a great sense of humour, and I couldn’t stop laughing at this economic assessment of London 2010 from the price of everything blog:
London, April 2010 – Wall Street firms have just announced their latest results for FY 2009;
300 million staff have been “written down”, leaving just two (Sid and Doris Bonkers) to manage the investment banks’ remaining worldwide debt, equity, merger and advisory, securitisation, syndication and prime brokerage businesses.
Marti Peeps, sole analyst at the last remaining research house, Teletext, welcomed the results as “a bold step in the face of ongoing bad debt provisioning,” though conceded that the City’s newly “rightsized” payroll might struggle to take on board the burgeoning supply of new issuance, namely the packet of Walkers Crisps rumoured to be hitting the primary market in late summer 2012.Hopes for a recovery in Wall Street earnings have for several quarters hinged on the prospects for the successful completion of a 40p private placement of a bag of Salt and Vinegar flavour crisps on behalf of the Walkers Crisps Company. Lead underwriters JPCitigroupMerrill, a subsidiary of the US government, and Northern Rock SocGen KFW Nomura, a wholly owned subsidiary of Tesco plc (Neasden branch), are rumoured to have “solid” interest for the underwriting, most notably from Asia, itself a subsidiary of Texas Pacific Group, but declined to go into further detail. (click here for pdf version. Enjoy!)
Update @ April 15th: London’s financial services sector faces a loss of 20,000 jobs over the next two years. Cuts by Citigroup and RBS are the tip of the iceberg (BusinessWeek).
Sphere: Related Content
In an interview with the BBC, the boss of the world’s largest mobile phone company (by revenue) Britain’s Vodafone Group plc was upbeat about his company’s prospects at weathering the credit crunch clouds hovering over businesses in Europe and the US.
Under oversight of Arun Sarin (CEO), Vodafone has successfully repositioned the company to counter global forces for the upcoming years. It can be characterised as a textbook example of a diversification strategy in terms of market segments (offered products and services) and geographical areas (geographic spread).
Yesterday it was a mobile telecom company and tomorrow it wil be a mobile telecom, internet, broadband, and financial service company. Furthermore, Vodafone used be very OECD developed market centric and now they have added an emerging markets portfolio with strong presence in the BRIC countries and further pushing into the Next Eleven (n-11) countries. The entire interview with Arun Sarin can be found here.
Sphere: Related Content
Recent Comments