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At PwC's Global Crisis Center, we respond to crises every day. However, as the COVID-19 outbreak worsened, the volume of calls our team was responding to increased significantly. By the end of February, the phone was ringing nonstop. Business leaders are concerned about the well-being of their employees and their organizations, and rightly so. Crises occur in isolation and are not properly contained. The coronavirus outbreak is exceptional by any standard. It involves extreme scope and levels of uncertainty. This is a situation far beyond the experience of most business leaders. The median CEO tenure is five years, and the…
Vision Korea, an annual event where the Mainichi Keizai Shimbun shares insights on the country's future trends with the public, will be held online with the theme of “Yordirocks,” an ideal economic revitalization led by active seniors. It will be widely released to the public this month. In this year's Vision Korea, the Mainichi Keizai Shimbun proposes an outline to revitalize the country's economy through the “young olds'' or “young people,'' the generation between the ages of 65 and 75 who have emerged as central figures in the economy. I plan to. world. In particular, its economic strength is expected…
At WBCSD, “Improving Food Systems” has been the mission of the FReSH project since its inception in 2017. In discussions with members and partners over the years, protein has been at the center of debate, firstly because it is the food element with the highest environmental impact per calorie of food produced, and also because discussions about protein between companies, scientists and civil society tend to end up in entrenched positions. Therefore, to identify priority areas for action, the FReSH project teamed up with scientific partners (EAT and FABLE) to combine its modelling with quantified industry insights to produce a…
“It's hard to predict, especially about the future.” — an oft-quoted quote from Yankees baseball star Yogi Berra. This is the time of year when economic columnists (and any other commentator) are expected to make wise and insightful judgments about the next 12 months. Be careful, as these predictions are highly ritualistic and do not take into account the Yogi Berra Principle.Mind you, I am not immune to this tendency. We all like to pretend we know more than we do. But things can change in an instant. Witness the US's unexpected killing of Iranian Major General Qassem Soleimani last…
December 13, 2019 Increasing Business Cycles Synchronization: The Role of Global Value Chains, Market Power and Extensive Margin Adjustments François de Soyres and Alexandre Gaillard1 Over the past 30 years, international business cycle co-movements have increased markedly all over the world. In the 1980s, economic cycles in different countries were largely independent from one another, especially for middle- and low-income countries. But economic activity since the start of this century has since become much more correlated, especially for higher income countries (figure 1). Figure 1: Countries’ economic activity is more synchronized than ever This is…
I was going to say “died,” but I thought that would give readers the wrong impression that I don't expect any more downturns. In fact, I don't think the word “cycle” is any more descriptive. In November 1982, unemployment reached 10.8%, the highest since World War II. The United States had experienced eight recessions in the previous 37 years (and nine in the 38 years before that), and things seemed to be getting worse (the two worst were in 1974 and 1981-1982). No one expected the United States to experience only three recessions in the next 37 years. What went…
Mark S. Davis, Audit and Assurance Partner at Deloitte & Touche LLP and National Managing Partner at Deloitte Private Enterprise; Lease debt will reach $3 trillion by end of 2019[1] It will be on the balance sheets of U.S. listed companies. The driving force is Accounting Standards Codification (ASC) Topic 842, Leases, the Financial Accounting Standards Board's (FASB) new standard for lease accounting. ASC 842 changes how companies account for leases. This is intended to provide investors with a clear picture of what companies owe through lease obligations such as equipment and real estate. ASC 842 became effective in January…
“These two great companies come together to … [+] “It's an incredible power to combine the assets of both companies,” Shari Redstone said of the CBS-Viacom merger.2017 Jared Siskin This is this week's ForbesWomen newsletter. Get news about the world's top female entrepreneurs, leaders and investors delivered straight to your inbox every Thursday. Click here to join our newsletter list! How much is your favorite 2020 presidential candidate worth? forbes The investigative division prepared all the necessary financial disclosure forms and simply released that information. It's an attractive package and well worth checking out, as it goes into great detail…
Business investment in the U.S. is on the rise. Since the Tax Cuts and Jobs Act was passed in late 2017, U.S. companies have been buying more machines, developing more software, and creating new intellectual property.
Businessman talking about work plans Photo credit: Getty getty According to trends in small and medium-sized enterprises, One-third of small businesses start with less than $5,000. 58% started with less than $25,000. 26% of business owners started their own business because they wanted to be their own boss. 23% because they wanted to pursue their passion and 19% because an opportunity presented itself. There are other reasons to start, ranging from not being ready to retire to dramatic life events such as divorce or death. Among all small businesses It started in 2014 and 80% progressed to the second year…