Hellenic Voice

How The Government Uses Fiscal Policy To Influence The Economy

Bernie Sanders will end up being the nominee or him and Joe Biden will be on the same ticket representing the Democratic Party at the convention in July.

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Finance Ministry Reduces 2021 Growth Forecast to 2.3%

BANGKOK (NNT) – The Finance Ministry has reduced its 2021 economic growth forecast for a second time to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck Thailand this month.

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.

She said the expected fewer tourists will have quite an impact as that will cut tourism money to just over 100 billion baht from 260 billion baht previously projected.

The latest outbreak has seen half of its overall cases reported this month alone and came as the country was preparing to reopen more broadly to foreign tourists, as vaccinations increase globally.

The Director-General said inoculations at home and abroad could provide some support. The distribution of vaccines is very important as it will … Read the rest

Dow Jumps Nearly 100 to New Record

U.S. stocks rebounded on Wednesday as strong earnings results and economic optimism pushed the Dow Jones Industrial Average to a record high.

The Dow Jones Industrials gained 97.31 points to end the session at 34,230.34.

The S&P 500 eked higher 2.93 points to 4,167.59.

The NASDAQ Composite gave up earlier gains and finished behind Tuesday’s close by 51.08 points to 13,582.42, as Amazon, Netflix and Facebook all dipped more than 1%.

General Motors shares climbed over 4% after earnings blew past expectations. Activision Blizzard traded higher by 3% after strong results.

Commodity stocks jumped. Chevron and Dow were the two biggest gainers in the Dow Jones. ConocoPhillips popped more than 5% thanks in part to an upgrade to buy from Bank of America.

The Biden administration announced Wednesday that it supports waiving intellectual patent protections for COVID-19 vaccines, as countries struggle to manufacture the life-saving doses.

Stocks of major pharmaceutical … Read the rest

IoT and the environment: the green enterprise

By Jim Morrish, Founding Partner, Transforma Insights.

The Internet of Things will be one of the defining technological themes of the 2020s, and beyond. Meanwhile the moderation of mankind’s environmental impact will be one of the defining societal themes over the same time period. Transforma Insights recently undertook an extensive analysis of the relationship between these two epoch-defining concepts: how will the adoption of IoT technologies impact the environment?

One of our key conclusions is that this is a game of two halves: consumer vs enterprise. In a consumer environment, IoT capabilities tend to be built-in to devices in order to improve a product proposition with support for new services or capabilities. Examples include televisions that can connect to the internet to display on-demand streaming content, and a range of audio-visual equipment. But any television displaying streaming content will at the same time drive usage of telecommunications networks, and also … Read the rest

Creative Problem Solving In Perspective

Providing them with a good working environment and compensating them based on their hardwork (which I think is not practices here in the Philippines).

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NASDAQ Sustains Worst Day Since March

The S&P 500 fell on Tuesday amid selling in Big Tech and other high-growth stocks, erasing the benchmark’s strong start to the month.

The Dow Jones Industrials nosed ahead 19.8 points to 34,133.03, thanks to strong performance in Dow Inc and Caterpillar.

The broad market slid 28 points to 4,164.66.

The NASDAQ Composite dissolved 281.61 points, or 1.9%, to 13,633.50. Pressure on some of the globe’s largest technology companies sent the tech-heavy index to its worst day since March.

Apple, the largest publicly traded company in the U.S., fell 3.5%. Google-parent Alphabet lost 1.6%, Facebook shed 1.3% and electric car maker Tesla dropped 1.7%. Investors did not spare the market’s chipmakers, with Nvidia dipping 3.3%, and Intel losing 0.6%.

Reasons for the downward pressure varied, but strategists cited a mix of concerns about rising inflation, fears the Federal Reserve may have to taper monetary stimulus earlier than telegraphed, and the … Read the rest

Senet and SenRa Reach Major LoRaWAN® Network Deployment Milestones and Partner on Global Expansion

Senet Network Management System Powers Local, Regional and Global IoT Network Growth.

Senet, Inc. and SenRa Tech Pvt. Ltd., a PAN India LoRaWAN® network service provider, today announced several significant milestones in their partnership to design, deploy and manage highly scalable LoRaWAN networks globally.

These milestones build on a partnership formed in 2017 in which SenRa chose Senet’s cloud-based Managed Network Services for IoT (MNSi®) to launch its LoRaWAN network rollout throughout India.

Rapid Growth in India

Since launching LoRaWAN connectivity services in India’s National Capital Region (NCR) in May 2017, SenRa has expanded its network operation to 74 cities across the country. Paramount to SenRa’s growth has been the time-to-market advantages offered by Senet’s managed network services, reducing a typical 18 – 24 month network rollout to an average of 90 days. This ability to rapidly roll out network coverage has allowed SenRa to focus on building strategic relationships … Read the rest

6 Places To Visit In Bengaluru

The money generated by these activities is largely held in foreign exchange outside the banking system or smuggled abroad (even through the local banking system).

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The Covid-19 epidemic is one of the major disasters in the history of pandemics. Since our firm is one of the few developmental optometric practices in the nation, we often are called upon by other eye doctors in remote locations for consultation regarding their patients. Some are even located in Europe and South America. This consultative approach holds true for practitioners in other industries as well. Attorneys who specialize in one area of the law can often serve as a referral source for those in other practice areas. The same is true for a financial planner who may wish to connect with an insurance professional or a real estate broker who can serve as a referral source for a mortgage lender. … Read the rest

Clear skies over Asia’s new foreign investment landscape?

Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.

The United States is alarmed at China’s technological advance. It has instituted a range of restrictions on sales of high-tech products to China and Chinese investment in the United States, and is heavily taxing imports from China.

These measures were introduced by the Trump administration and are under review by the Biden administration — but most of them will likely remain in place, reflecting a bipartisan distrust of China.

China, in turn, has doubled down on industrial policies aimed at generating domestic innovation and limiting technology imports. The pandemic caused temporary global shortages for medical equipment, raising concerns about dependence on imports … Read the rest

Stocks Head North on Retail Gains

U.S. stocks climbed on Monday, the first trading day of May, as shares tied to the economic reopening rallied on relaxed pandemic restrictions.

The Dow Jones Industrials descended from its highs of the day, but still vaulted 238.38 points from Friday’s close to finish an impressive Monday at 34,113.23

The S&P 500 picked up 11.49 points to 4,192.66.

The NASDAQ Composite slid 67.56 points to 13,895.12, after Big Tech stocks pulled back following a strong month.

Bets on the economic reopening led the market advance, especially retailers. Royal Caribbean and American Airlines rose more than 1% each. Gap rallied more than 7%. Dillard’s rose nearly 10%, while Macy

The rally in these stocks came after New York Governor Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City later this month.

Berkshire Hathaway … Read the rest