Tag Archive: Economy


How September 11 changed the world?

This piece is dedicated to all who lost their lives and who lost families, friends in the 9/11 attacks on the United States of America.

The entire world changed on this day, September 11, 2001. I was standing on what is called the ‘front page area’ of my school when I heard what happened on this sad day. I saw teachers running about to offices to view live coverage from New York and other parts of the USA that were attacked. Back then I heard the World Trade Centre was attacked and I remember wondering “What is that?”

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Today, our rights have been altered in some way, how governments handle events, economies shaken, diplomacy, security procedures, travel rules, etc have all changed because of the terrorists attacks on September 11, 2001.

I watched footages from the major networks who replayed the exact coverage as the events unfolded. What struck me was the moment President Bush was told by his aide that the country was being attacked. You saw a man that was shocked and scared but at the same time who had to hold his composure. He had to because as a leader but more so a President you do not want to be seen in a frantic mode that is not in control of the situation. I found that very interesting that even in a moment where you are being attacked certainly not in control he gave an image that was thoughtful, and composed.

Many in the western world were sad and saw it as unbelievable because no matter how independent your nation may be; we are in some ways affected by what happens in the United States of America. As people grieved thousands in Israel celebrated the loss of lives shouting “God is good.”

On September 11, 2001 for those who thought terrorism was not an immediate threat instantaneously saw the impact of this because it happened to the greatest nation in the world the mighty USA. President Bush’s presidential term was now aimed at this attack; finding the perpetrators. The 9/11 attacks dubbed Bush the war president as he was fervent in finding the attackers. This attack changed US politics as Bush’s approval ratings shot up to the highest in history plummeting to over 90%; but we all saw in times coming to the close of term, his numbers trended downwards.

Years later millions of people all around the world remember the events that took place on this day. We regret the passing of so many lives but we are even more cognisant of the fact that there are evil men and groups in our world whose aims are to kill and terrorise people. We must support efforts and wars that will bring to justice those who will kill us in a moment. How we fight wars that is another issue.

Sweet Communism

Socialism is the same as Communism, only better English” – George Bernard Shaw

Communism according to Wikipedia is a socioeconomic structure and political ideology that promotes the establishment of an egalitarian, classless, stateless society based on common ownership and control of the means of production and property in general.

We have come to know some countries that still practice communism in today’s world. Most democratic countries look down upon regions in the world that still practice this form of government. People’s Republic of China, Republic of Cuba, Democratic People’s Republic of Korea, Socialist Republic of Vietnam and Lao Peoples Democratic Republic all practice communism. What is interesting about these countries is that they all have good attributes those developing and first world countries all envy. There are so many lessons democratic countries can learn from communist countries.

China

China’s ability to manufacture products globally has made the country profitable with many countries owing them millions in trade. Trading is critical for the success and growth of any country. China is able to do this because of the low wages they remunerate staff with. First world countries refer to their ability to sustain large number of employment with cheap labour. China is also advancing with huge developments in technology. Most technological firms are based there. This drives their innovativeness which the western countries gravitate. China was on show for the Olympics in 2008. They used the opportunity to host the world at this event. Most people will never forget the Opening Ceremony at the summer games, as the country went all out to display the very best. A clip will follow this paragraph of the article showing my favourite piece from the performance. The clip will only show a snap shot of what took place in Beijing, China. I have never seen anything like that done before and a point to note; I do not know if London can outperform China in 2012. It’s a wait and see game right now.

Cuba

While most are wildly debating health care reform in America those in Cuba are relishing in one of the best health care system in the world. History will always remind us of the economic sanctions that Cuba has; but with all these factors against the country they are able to provide the best health care system. Cuba is not only able to provide a quality health care system but they are able to provide an education system that rivals many countries with huge investments. Cuba presently exports more than 20,000 doctors to Venezuela in exchange for oil. The country is set to become the premiere destination to study medicine.

North Korea

I love seeing the army on display in North Korea. The precision, unity, timing and power they show when they march is enviable. Countries aim to defend themselves in times of wars; investing in resources that will defend the country when the moment arises, which they never can tell. World powers like the US always have a problem when countries go the limit to defend themselves. One example of this is North Korea using nuclear weapons. The potential danger and threat that this can cause can be devastating. I am in no way sanctioning what North Korea does but the investments made to secure the country are admirable.

I want a country that has all these qualities. Wouldn’t you? A country with the best health care system, quality standards in education and a security system that will always protect from forces outside. There is a flip side to a country practicing this form of government though. The freedom of speech we have come to respect and enjoy will all go away. The government will own everything, all the businesses and properties. The government even decides on what the people can have, rather than what they want. It can be sad transitioning from a democratic state to a communist one.

However, there is one lesson that I will always take from a communist state. There are certainly some things in life we think we can’t live without but in the end, we definitely can.

newspapers

New York Times

Washington Post

Jamaica Gleaner

Jamaica Observer

New York Times

Sunday Herald

They all are newspapers but they now have websites publishing their work online. Traditionally, one would wake up and if you work a nine to five job, you may have access to the office newspaper. For others, you might buy the newspaper on the streets to read. In a world where access to news is becoming more popular, are newspapers becoming outdated or can they still be relevant?

With the growing use of news networks both on radio and television, bloggers, and social networks, the news offered by newspapers are outdated. Most times they have to wait hours to print the next publication. By this time, the news has developed into something more than the initial issue. The burden is left up to journalists who should write news stories to still make the issue topical and news breaking.

We live in societies where the young are not interested in reading. But you might say how important are these sectors to the industry? They are important, ask any marketing manager of any firm and they will attest that the young in any market are driving innovativeness.  Where the younger generations are not interested in sitting and turning from page to page to view late news, newspapers must seek to become innovative to make the news accessible to people in ways that are more innovative. It is interesting that users of the internet will prefer to read online articles than skip pages of a newspaper.

Journalists are given the responsibility to inform the general public of what’s happening in the society. There duties are even more important in societies where there is a free market in the media industry. Journalists try to inspire, persuade and change opinions in their work. Through this, newspapers have added features to their package to make it more appealing. Newspaper features include: editorials, opinion pages, and different aspects which are targeted to entertainment and social activities. This adds some relevance to the product.

Newspapers have their relevance in societies to inform and to provide serious journalism. For those who opt not to use the internet surely the newspaper is a definite alternative to source breaking and topical news. However, if newspapers are to remain open for business in the near future they must become more aware of the changes in technology.

They will become outdated if they do not change how they operate business. Newspapers internationally are becoming more than ever like a television network providing current breaking news stories. Newspaper companies should be seeking to have subscribers to their service where breaking news can be emailed and send to blackberries and cell-phones. This will make their service competitive and add relevance to their work. Newspaper companies should now become innovative to remain relevant or become outdated while technologies increase.

Corve DaCosta

Young vs Old

Corve DaCosta

42-17131830Many successful companies pride themselves on having the best employees. But could having a mixture of young and old make your business more successful? While the jury is out, I do believe that having the right mixture can make your business even more successful. In this article the age range thought of as young will be from 18-30 while the more mature audience will range from 31 upwards.

Many mature employees have a problem with young individuals joining their departments because they see this as a threat. This is because a young employee brings so much to the table while some may bring little. But in essence, in the professional world, many persons who join successful organizations are typically career driven and are most times motivated.

The young employee will bring smart, needed energies; innovative ideas as well as they are more connected with developing trends in society that businesses can use to grow their profit line. In this age, we have seen where companies are using social networks to be more marketable. They have coined the term Social Market Strategies. However, this is just the means where businesses use techniques such as blogging, twittering and connecting with customers on sites like Facebook. Who are they depending on to lead these new initiatives? The young, after all they are more aware of the technology and know how of the internet.

Communicating effectively with employees is imperative for a healthy work environment. Both the young and the old must share the same environment and clearly there are clashes in this regard. Where clashes occur I believe that there should be strong management in place to ensure that rules are maintained and that no employee is disrespected. When things go wrong in organizations it may take many years to solve because the same persons are in the environment. Communication is key and where age is not the only factor that separates the two, language barriers, and social etiquette are all other factors that play a role. It is left up to management now to create the right culture in organizations where both the young and the old can agree on terms in the work environment.

In business schools today, students are taught how to extend the life of a brand. The concept is the same, if management is not prepared to research, become innovative then other brands will emerge and take the market share. I believe it’s just the same with the young and the mature employees in any business. If a company is not prepared to employ young individuals who have innovative and smart ideas then be assured that that company will be losing out. Companies today must be prepared to think young and outside the box to touch markets that have been untouched and be reachable to markets that they thought they could not reach.

Young people today are filled with energies we didn’t have when we were younger. It is up to us to use those energies to make our businesses so much more than we thought it could be.