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OPINIONS * USA - How the Credit Crisis Could Forge a New Financial Order
PEN,USA -Knowledge Wharton/University of Pennsylvania -16 Oct 2008: -- As officials worldwide scrambled to contain the spreading financial virus, hopes are rising that the latest government plans to purchase equity stakes in banks may finally offer the right medicine. And with the patient showing intermittent signs of improving, thoughts turn towards next steps, including new restrictions on the markets. In addition, expect individuals and business to have a tougher time getting loans for years -- not just months. And watch for authorities to prescribe greater transparency, stricter capital requirements to reduce leveraging, and more standardized financial contracts to push opaque securities into the sunlight... Either way, it's likely these instruments will not continue to create the hazards that they have recently, because investors and issuers who were burned will be more careful. Indeed, the business world and financial markets are likely to become considerably more conservative and cautious. "I daresay that for the next few years, we are not going to have excesses in the financial markets," Blume says. "I don't think the markets are going to repeat the same follies that we have had in the last few years."
* Looking for Cost Cuts in Lots of New Places
New York,NY,USA -The Wall Street Journal, by SIMONA COVEL -October 16, 2008: -- When it comes to cutting costs during tough economic times, many small businesses start out with a disadvantage: They don't have all that many costs to cut. Even during good times, small businesses tend to keep expenses pretty tight... The result is that small companies often have to get creative in their efforts to find waste in places where little exists... Here's a look at four companies that have cut their overhead expenses without sacrificing inventory, daily necessities or their employees: ...
* Creative Thinking
· What's Happening: Small companies struggling to stay afloat in this choppy economy are looking for cost cuts in any places they can find them.
· The Challenge: Many small businesses already keep expenses tight. So they have to be creative to avoid sacrificing their products and operations.
· What's Going: Changes include giving up physical office space -- and rent -- and having people work from home, and substituting pricey display products with lower-cost replicas.
* Looking for Cost Cuts in Lots of New Places
New York,NY,USA -The Wall Street Journal, by SIMONA COVEL -October 16, 2008: -- When it comes to cutting costs during tough economic times, many small businesses start out with a disadvantage: They don't have all that many costs to cut. Even during good times, small businesses tend to keep expenses pretty tight... The result is that small companies often have to get creative in their efforts to find waste in places where little exists... Here's a look at four companies that have cut their overhead expenses without sacrificing inventory, daily necessities or their employees: ...
* Creative Thinking
· What's Happening: Small companies struggling to stay afloat in this choppy economy are looking for cost cuts in any places they can find them.
· The Challenge: Many small businesses already keep expenses tight. So they have to be creative to avoid sacrificing their products and operations.
· What's Going: Changes include giving up physical office space -- and rent -- and having people work from home, and substituting pricey display products with lower-cost replicas.
Labels: opinions
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