Tagged: ecoomics

From BackRub to Google.com – the facts

Fact 1 – Google began in January 1996 as a research project by Larry Page and Sergey Brin when they were both PhD students at Stanford University in California.

Fact 2 – While conventional search engines ranked results by counting how many times the search terms appeared on the page, the two theorized about a better system that analyzed the relationships between websites.

Fact 3 – They called this new technology PageRank, where a website’s relevance was determined by the number of pages, and the importance of those pages, that linked back to the original site.

Fact 4 – Page and Brin originally nicknamed their new search engine “BackRub”, because the system checked backlinks to estimate the importance of a site.

Fact 5 – Eventually, they changed the name to Google, originating from a misspelling of the word “googol” the number one followed by one hundred zeros, which was picked to signify that the search engine wants to provide large quantities of information for people.

Fact 6 – Originally, Google ran under the Stanford University website, with the domain google.stanford.edu.

Fact 7 – The domain name for Google was registered on September 15, 1997, and the company was incorporated on September 4, 1998. It was based in a garage in Menlo Park, California. Craig Silverstein, a fellow PhD student at Stanford, was hired as the first employee.

Fact 8 – In May 2011, the number of monthly unique visitors to Google surpassed 1 billion for the first time, an 8.4 percent increase from May 2010 (931 million).


TED is a nonprofit devoted to Ideas Worth Spreading. It started out (in 1984) as a conference bringing together people from three worlds: Technology, Entertainment, and Design. TED believes passionately in the power of ideas to change attitudes, lives and ultimately, the world. They are a clearinghouse that offers free knowledge and inspiration from the world’s most inspired thinkers, and also a community of curious souls to engage with ideas and each other.

The TED Conference is held annually in Long Beach and broadcast in Palm Springs. More than a thousand people attend, and the breadth of content includes science, business, the arts and the global issues facing our world. Over four days, 50 speakers each take an 18-minute slot, and there are many shorter presentations, including music, performance and comedy.

TEDGlobal is TED’s summer conference. The themes of the global conference are slightly more international in nature, and the full TED format is maintained, with a wide-ranging roster of speakers and performers over four days of TED main stage sessions — plus the famous TED University, where attendees share their own knowledge with one another.

Question-and-answer made easy with – QUORA.com

By Gurinder Khera

Quora is the extremely popular new platform that strives to be the definite question-and-answer site for just about any topic on the Web. Like Blekko, it is largely human-driven and invites users to ask questions, provide answers and share their knowledge and comments. Questions are organized into different categories that can also be created by users, leading to a wide range and growing index of topical information.

It is an online social form of a knowledge market. Each user follows topics that they are interested in, and questions in those topics are displayed in the user’s news feed. The service allows users to ask questions and give answers. Additionally, users can comment on the questions and answers and “upvote” or “downvote” the answers. An “Answer Summary” can be created to reflect the consensus of the community. This summary is a wiki that can be edited by any registered user.

Nobody believes that these solutions will threaten Google’s dominance in the world of search any time soon.

Social Networking made easier with Ping.fm

Talking about Ping.fm – it is a free social networking and micro-blogging web service that enables users to post to multiple social networks simultaneously.

Ping.fm was created with the intent of making it as easy as possible to post updates to multiple social networking sites simultaneously. The idea came about when creators were updating status messages with micro-blogging sites Twitter and Tumblr. The idea of posting exactly the same information in two places seemed a bit tedious, so Ping.fm was born.

Making an update on Ping.fm pushes the update to a number of different social websites at once. This allows individuals using multiple social networks to update their status only once, without having to update it in all their social media individually. Ping.fm groups services into three categories – status updates, blogs, and micro-blogs – and updates can be sent to each group separately.

Small Business Pool – Video Production Services

Our Video Production team has worked on national and international business projects. We bring the right people for the right project. We offer effective video production services that capture your vision and get the job done – without wrecking your budget. Our team will work with you to identify your key components for your production. We have a simple consulting approach, and our goal is to make the experience a positive one:
We break down each production services under the following headings:

-Scriptwriting- Art Direction-Location Scouting-Shoot Coordination & Logistics-Talent Casting

High Definition Cinematic Filming – Multi Camera Shoots – Voice over Recording – Lighting and Audio Engineers – Make-up Artist

-Video Editing- Color Grading – 2D/3D Animation-Photo Retouching – Video Streaming Solutions


Liquid times

Despite the 2009 financial crisis, the year 2010 was a point of time that actually shows two decades of strong worldwide economic growth. In the 1990-2010 periode, the global economy rose from $22.8 trillion to $58 trillion. The leader and champion of this growth, China now exports more stuff per day than it exported for the whole 1978cyear. Since reforms began in China out of poverty has raised 400 million people. Country’s economies changed a lot. 20 years ago Brazil and Turkey were typical examples of developing countries with huge inflation, poor private sector and a fragile political system. Now, these countries show steady growth. That the results that we could see, but what are the factors that changed qualitative and led to this results? According to Yulia Latynina there are 3 broad factors: “The world is liquid. Everything — people, money, and ideas — always flow to the most attractive and investor-friendly locations.”

Money flow

A long time ago when the world was consistent money’s moving was a hard process. Now it is fairly easy to do. The global banking system operates and moves about $2 trillion daily, and that money tend to the country which conditions are most favorable.

The flow of money closely correlates to regionalism and inequality issues. Two main forms of money flow are foreign direct investments came from business firms and investment portfolios, diversified with foreign assets. In the Global Economic Prospects 2011 analytics report that the growth rate for the world economy was 3.9% in 2010 and is likely to be to 3.3% this year, then 3.6 % in 2012.

By the way the losses precipitated by the financial crisis have been enormous. Total capitalization of world stock markets halved in 2008 – about $32 trillion of wealth. The losses in household wealth during 2008 were about $11 trillion in the United States ($8.5 trillion in financial assets and $2.5 trillion in housing assets) and were estimated at $1.5 trillion in the United Kingdom ($0.6 trillion in financial assets and $0.9 trillion in housing assets). Losses of such magnitude have significant wealth effects on consumption and savings. Industrial production fell sharply in many developed and emerging countries and for the first time since 1929, world trade contracted in 2009.( Global Stability Reports; IMF Survey Magazine). But the main question is where to invest the money in terms of the future economy growth?

In Doing Business 2010, there were the top 10 of reformers: Liberia, the United Arab Emirates, Tajikistan and Moldova, Colombia, Egypt, Belarus, the Former Yugoslav Republic of Macedonia, and the Kyrgyz Republic. Colombia and Egypt have been top global reformers in four of the past seven years. But those events are timely. Most of the firms in those countries’ economies have suffered from lower demand and a drop in private capital flows. Start or invest into businesses in low-income economies on average still have unresolved problems, such as transferring property, filing taxes or resolving a commercial dispute through the courts.
Moreover there are some problems in the Europe and Central Asia Region. While most other countries have to invest in systems expanding and increase access, the challenge in this region trying to find resources to operate and maintain existing assets to ensure reliable service at acceptable quality. The financial market situation in parts of the Euro Area still seems suspicious to invest in it. And the biggest problem that may appear in the nearest couple years is a huge money flow going into nine middle income countries because of seeking higher yields by large investors.

People migration

As for the flow of people, an August 2010 survey by analytics revealed that 73 percent of the most economically active citizens from developing countries would like to leave the country. By the way the real percentage of immigrants is almost impossible to determine, since no one slams the door: people just live and work in another country, being their own country’s citizens. “More than 210 million people worldwide are living and working outside their home country. Of those, roughly 15 to 20 percent – or as many as 42 million people – are believed to be undocumented guests.”

From one side immigrants willing to take a chance in a new country, that mean high level of motivation and risk taking, their average age is 28, and they contribute to the workforce. From other side immigrants fill niches in the labor market where demand is highest relative to supply, 45% of them have extremely high skill levels that mean higher expectations and lower salary on this area.

The problem is that the unemployment rate in high-level economy countries keep increasing

And expecting to grow in 2011-2012 on1.2%, while the similar rate in Asia-Pacific and BRIC region is much smaller and expecting to be the same. The World Bank forecast shows that the global economy will slow in 2011, and warned that rising commodity prices could spur a return to the sky-high inflation of 2008. The Washington-based development lender estimated the world economy will grow 3.3 percent this year compared with 3.9 percent in 2010, a year of rebound from the 2009 recession. Emerging and developing countries were expected to expand 6.0 percent, more than double the 2.4 percent annual rate of high-income countries, the bank said in its latest Global Economic Prospects report. So, where the people flow will turn?

Rainfall of ideas

Ideas always were free to move. Scientists were the first humans to the XV century who can freely traveled all over Europe. Copernicus studied in Krakow and then in Bologna and Padua. Tycho Brahe was born in Denmark (then owned by Sweden), studied in Leipzig, worked for the Swedish king, and later moved to Hamburg. Kepler worked first in Styria then moved to Prague and then in Silesia. As for now, the situation is catastrophic. Ideas flow more like gas than liquid. Without favorable conditions, they dissipate instantly. There are certain places where you expect research to be happening such as prestigious universities, world renowned colleges and institutions. UK, India, China, Israel, US, Germany, France, Ireland, Japan are in the top-list of where we will get surprises in the nearest 5 years (http://seedmagazine.com/place/). Most of those countries already raise their tuition fee in 2-3 times, so let’s wait for unexpected discoveries.

Finally, the lesson on those years is that in the global world closed economies do not stagnate; they regress, and do it fast. From the country with close economy washed away money, people and ideas.

Franchise’s success myth

Each year about 26% of young businessmen start their first business as a franchise, but just 66% of them are successful. So what are the main problems that ending up with the wrong choice?

First of all it is an initial expense. Federal Trade Commission’s Bureau of Consumer Protection have a list of nonrefundable franchise fees from tens of thousands to tens hundred thousands of dollars. And it is not all expenses, most of people forget about ongoing royalty payments; operating fees; opening fees and advertising fees; rent equipment; marketing; inventory and business setup. There is no way of “just buy a franchise after viewing some webpage or talking to business owner once”. This kind of business needs a full research of the company’s history, owners, their other business activities and financial history. This information is not open and nobody will show it, so the investigator has to do their own research of how this franchise relate to other businesses within its league.

Secondly, even if the franchise is a well-known brand, including product logo and advertising campaign the new enter owner should have a clear idea of a franchiser’s control. There is an agreement that dictates mostly everything from the prices to employee pay rate. That may include the dress code, hour rates, and hours of operations and so on. Any default of these details may the franchise default without expenses refund.

Thirdly, it is incredibly difficult to work with it by your own. The owner need to have suggests from people who have an access to the right machinery and the right business partners, franchises owners. Start the business is a hard job and it always better to allow professionals do their job. Buy a franchise is not a buy a guarantee of your rich life. But who dares wins.