A report released by the Maltese Presidency and the European Commission on Wednesday says that childhood obesity should be tackled at an early stage and that schools can play a positive role in encouraging healthy eating habits. “Considering the amount of time that children spend at school, as well as the fact that in many European countries students consume at least one daily main meal there, schools are an ideal environment for supporting healthy behaviours,” the report states. Childhood obesity in Europe is increasing: in 2010, about one in three European children between the ages of six and nine were overweight or obese, while 2008 estimates were only about one in four.
Switzerland has launched a campaign to discourage Nigerian immigration based on drama. Switzerland’s State Secretariat for Migration (SEM) is spending $450,000 on filming a TV series with African actors showing the perils of living in Europe illegally, which will be shown on Nigerian television. Speaking to reporters, the spokesman for SEM, Lukas Rieder, said that one of the objectives of the series was to make clear that there are few chances of being granted asylum and the trip does not worth the dangerous crossing of the Mediterranean.“Human traffickers tell potential migrants that Switzerland is paradise, it's El Dorado. But that's not true. We want to provide objective information about the dangers of passage, and the dangers of living in Switzerland without a permit, for example.”
Swiss-Swedish engineering giant ABB said Wednesday that it had uncovered significant embezzlement at its South Korean subsidiary, which it warned would heavily impact its 2016 earnings. The suspected theft will lead to a pre-tax charge of about $100 million. The company said it had discovered "a sophisticated criminal scheme related to a significant embezzlement and misappropriation of funds" at the South Korean unit. The executive was treasurer and one of two integrity ombudsmen for ABB Korea - to whom staff were supposed to report any ethical concerns - according to an online company magazine available on ABB's Korean website.
Panasonic Corporation President Kazuhiro Tsuga has instructed his employees in Japan to limit their overtime work to 80 hours or less per month, on January 31 with the instruction, which was effective from that day. Company officials said the directive is aimed at reminding staff that they should concentrate on efficiency rather than working long hours. Apart from the call to leave work by 8 p.m., the directive also recommends limiting overtime to a maximum of 80 hours a month for all staff, including managers, department heads and division chiefs.
Solomon’s Knot is a double tie. For Robert D. Cooter and Hans-Bernard Schaefer, authors of the book by the same name and published by Princeton University Press, the knot is the one between law and economical growth in the developing countries. According to them, only laws can create the right environment for these nations to prosper: an example would be obliging parties to respect contracts, while in many countries opening a new business is always a matter of long time and complex procedures. In Venezuela, according to the data reported by the authors, 141 days and 16 procedures are needed, versus the 5 days and 1 procedure in Canada.
In this article, the "person Pivot Indicator" is presented in detail - a powerful tool that is based on the classic Pivot Points Analysis. Unlike the classic Pivots of floor-traders, the "person-Pivot" contains a filter element that defines automatically at which stage the market is in.
If you’re stuck in traffic in Los Angeles, you can at least tell yourself that it’s worse in Thailand, overall. Colombia and Indonesia tied for second-worst traffic, while the U.S. and Russia tied for fourth. LA has been ranked the world’s most gridlocked city, topping Moscow and New York, but Thailand has been rated the most congested country. The rankings were released Monday by Inrix, a transportation analytics company. But traffic data firm Inrix reports that it has a fresh way of measuring the worst traffic across the globe and that Los Angeles is not only America's No. 1 but the world's as well. Greater L.A.'s rank on the all-new Global Traffic Scorecard is based on the estimated time the average local motorist spent stuck in traffic during peak commuter hours in 2016.
Using smartphones, laptops and other technology to work from home may help you do away with rush hour traffic, but also lead to longer working hours, higher stress and sleeping problems, according to a new UN study in 15 countries. “This report shows that the use of modern communication technologies facilitates a better overall work-life balance,” said Jon Messenger, co-author of the joint report by the UN International Labour Organisation (ILO) and Eurofund. The study, Working anytime, anywhere: The effects on the world of work is based on interviews with workers and experts in 10 European Union member states, Argentina, Brazil, India, Japan and the United States.
The next meeting of the IMF (International Monetary Fund) will be on 21st to 23rd April 2017 in Washington, D.C. The US dollar is overvalued in relation to other currencies, and therefore it could be a good idea to sell US dollars just as this Newsletter has recommended selling US equities now since the prices are very high and a correction to the bull market is overdue. It is unlikely that this cycle will last to the end of 2017. One could then reenter the market after the correction.
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On March 24th/25th, 2017, START Global organizes its yearly flagship event: the START Summit gatheri
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