Carlos Slim recipe video

Carlos Slim made his billion-dollar fortune during Mexico’s economic downfall in the 1980’s and when asked what he thought about the current euro crisis, he stated that this could also be an opportunity to make a fortune. He believes that there are no good or bad times. Everything has a negative and positive outcome. Employment he says is the key to ending poverty. Unemployment makes people loose hope and therefore unmotivated them to fight against the crisis. He believes that the solution to the euro crisis is inviting the private sector to invest to maintain the economic activity.

He sure knows about business as he is the richest man in the world, however he manages TELMEX, the Mexican telephone monopoly and therefore I don’t think he is the best resource to rely on to solve the euro economic crisis. He is a man of power but not necessarily of principle and successful exterior strategy.

http://money.cnn.com/video/news/2011/11/15/n_carlos_slim.cnnmoney/

(http://www.asiaforexmentor.com/euro-crisis-what-can-we-expect-for-the-eur-and-the-usd/)

October 20, 2011

The euro crisis is a problem that embraces thousands if other smaller ones that sum up to an enormous dispute. Having a European Central Bank has proved to have many benefits throughout the years but its cons have recently come out. Greece’s lack of managing its government as well as other issues have caused economic weakness therefore affecting the euro, thus the whole euro zone. However, there is no one specifically to blame. At crisis like this one the easiest thing to do is to point fingers at each other. Germany is being blamed as it shows to be the country with more power but said to be hiding it when it comes to an economic crisis. We can’t expect Germany to solve all the problems for the euro community. The German government has helped out as it can but it can’t continue to sacrifice for everyone in situations like this one:  especially if the whole EBC is on the line.

http://www.economist.com/blogs/freeexchange/2011/10/euro-crisis

(http://www.digitaltrends.com/computing/was-dennis-ritchie-more-important-than-steve-jobs/)

October 5, 2011

Steve Job’s legacy will be extended beyond this era. He is an inspiration to technology, thus to this era’s key communication and innovation.  He was not just a successful businessman, but also a motivated an ambitious innovator that changed the world not just within his electronic innovations but in the way we see the world. He was able to revolutionize what we think of an electronic device and convert it into a real life object. The same as we today remember Johannes Gutenberg as the inventor of the first printing press, we will remember Jobs as the man who revolutionized technology.

I agree with Adrian Fung that Steve Jobs was a hero. He didn’t even care about the money he truly cared about making a difference. As Adrian said, success not just has to do with money, but with satisfaction as well. And Steve Jobs definitely achieved personal satisfaction that had nothing to do with his wealth. As Aaron Chang stated in his blog, Steve was a visionary, which was what got him to create alternatives that people never imagined possible, such as carrying music in your pocket.

http://abcnews.go.com/Technology/steve-jobs-dies-apple-chief-innovated-personal-computer/story?id=14383813#.Ts-5TevV1sg

Netflix, a relatively new company, had a significant 15 percent drop on its stock, due to an increment in their product’s pricing.

“The company on Thursday morning revised downward, incrementally, its subscriber estimates for the quarter of the year that ends in two weeks. It did not change its financial guidance for the quarter. Still, its stock dropped almost 15 percent in heavy trading when the market opened Thursday.” (NY Times, Stelter)

The company separated their DVD-by mail service from the internet-streaming service, were the price for the DVD-by-mail was first a $2 add on, and it is now $8 for each separate service. This has encouraged many costumers to drop their Netflix membership and many others not buy it.

As a new company, Netflix has to be very careful with their pricing because they are just starting their marketing approaches and campaigns and a drastic change in price may not survive yet. When a product is recently going out to the market, it;s pricing needs to be well analyzed before launching it, in order to not change it afterwards, specially when the product has been on the market for such a short time.

NY Times by Brian Stelter

Welcome to UBC Blogs. This is your first post. Edit or delete it, then start blogging!

http://money.cnn.com/2011/11/22/technology/netflix_unprofitable/index.htm

November 22, 2011

Netflix’s rage started in September when they tried to separate their services and charge through both Netflix and Quickster, which was going to be the company’s movies-by-mail service. But after a drop of more than one million costumers, the CEO decided to get rid of Quickster and continue as one brand. However, recently

“Netflix (NFLX) warned in its last earnings report that it expects to be unprofitable “for a few quarters” starting at the beginning of 2012.” They expect to increase their profits as they are expanding to Ireland and England, but for now their business will not be making any profits. Netflix made a mistake by pulling the company apart into two brands, but the fact that they realized their mistake and are now in the process of fixing it means that they are serious about making their business a success and I have no doubts that they will.