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September 2017 Connecticut Sentiment Index

The Connecticut Sentiment Index is DOWN, DOWN, DOWN: – 6.5 percent (from 61.3 in August to 57.3 in September).  No surprises here: we’ve been pummeled mercilessly this week. First there was the surprising departure of the much-coddled New Haven biotech firm Alexion, who bolted for Boston; then there was the CT State Department of Labor noting two-straight months of back-to-back job losses. And third, we have been living with the persistent threats of tax increases…

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The Bitcoin Debacle

Everyone loves to talk about the future of cryptocurrencies, especially those that are invested in it. JPMorgan CEO Jamie Dimon, however, discussed his strong concerns with Bitcoin at this year's Delivering Alpha conference in NYC. 

“The currency isn’t going to work," Dimon said. "You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart."

While traders and investors believe the coin could trade past…

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US Consumers on Pace for $1 TRILLION in Credit Card Debt

A concerning report from WalletHub says that US consumers will add more than $60 billion in credit card debt by the end of this year: 

http://www.foxbusiness.com/features/2017/09/11/americans-headed-towards-1-trillion-in-credit-card-debt-study-says.html

Are you concerned about the rise in credit card debt? How do you think this…

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From the WSJ this morning and from the PBS News Hour in August--Purdue University has been negotiating with students for a piece of their economic pie post graduation and new employment in exchange for funding tuition.

As a finance person with strong ties to the disciplines of economics and data analysis, I find this free market initiative very interesting.  As I understand it, the exchange varies in specific terms depending on the person's field of employment and expected earnings…

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A busy summer in the EU/US...

While we were away travelling, vacationing, relaxing, studying, doing research, or… working, much has happened over July and August.   

Let’s start with the G20 meeting in Hamburg early July. After a warm welcome in Warsaw (Poland), Trump was greeted by protestors in Germany. His demeanor and isolation at the…

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There has been plenty of controversy surrounding Amazon and antitrust violations in the past few years. It seems that every time Amazon announces its presence in a new industry, nearly every company's stock within that industry is sold off within minutes. 

Take Amazon's most recent acquisition of Whole Foods, for example. Grocers in the past three years or so have been struggling to keep up with the declining margins throughout the industry. The major Amazon-Whole Foods deal caused…

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August 2017 Connecticut Sentiment Index

You wouldn't be able to tell from reading today's papers around Connecticut.  They are covering just about every trigger issue out there: from the state budget crisis, to Charlottesville, North Korea, Venezuela, and even Taylor Swift's groping.  But the Connecticut Sentiment Index turned positive - moving up about 6 percent in the positive direction.  Maybe its 'cause Brad Paisley was in town on Sunday. …

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Globalization encourages creating nations to manage rest of the world increment their monetary development, taking care of the neediness issues in their nation. In the past,developing nations were not ready to tap on the world economy because of exchange boundaries. They can't have the same financial development that created nations had.However, with globalization the World Bank and International Management urge…

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SoluTech: Where it all Began

For the people in close touch with Nate and I know that we are working on a tech startup. Some do not necessarily know the outcome of what we are doing. For the people that want to see us succeed, it is something they are hopeful for. Last year around October or so, Nathan Pitruzzello (now CEO of the company) asked me if I (now COO of the company) would be willing to go into business with him and threw a couple of concepts at me to see if there was any hope that we could create….…

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When I was in seventh grade, my sister had just gotten back from her first Birthright Trip (Birthright being the trip meant for Jewish adolescents to experience the State of Israel).  I thought it was the coolest thing in the world she got to go, as I had always heard about the historical significance of the country both in ancient and modern times, having been exposed to it from movies and shows like Ben-Hur  and…

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Dunkirk: Nolan's Big Summer Dissappointment

Christopher Nolan has been hailed by many as one of this generation’s best film makers. Now, that narrative certainly has it merits. The Dark Knight trilogy made the common film community take superhero movies seriously. Inception too was a truly unique take on sci-fi that has not been seen before, which was topped with Interstellar in 2014, an epic large-scale space adventure that while still divisive, gets better each time upon repeat viewings. Nolan clearly has stories he wants to tell.…

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Global Economy Challenges

Globalization is increasing daily, and the world economy is operating at a higher level of interdependence than ever seen before; however, this does not mean that there is equality amongst countries. The rapid growth of the global economy has left many countries on the outside looking in. Those countries that are considering developed, primarily European or North American, greatly outstrip the developing world. This article attempts to develop a method of comparing these developed countries…

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Citigroup Deals With Brexit

Citigroup in the EU

            Citigroup is making a move to keep a presence in the European Union. They have a presence in London already. However, since Britain has been moving toward what many are calling “Brexit”, the multinational bank has decided to move some of the employees from this London location to a location in Frankfurt. This marks an important management decision to keep the ability to operate and provide services in the European Union should they tighten…

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Businesses face benefits and challenges in today’s global economy. I share an article that is how to tackle the 11 biggest challenges for international business. Based on the article, I share my comments on two challenges.

When entering a new or unknow market, a closer look at economic and political system is top priority (News, 2017). MNEs must face different system in different country. A country’s economy system is dominated by its political system so political risks is the main…

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The U.S.-China Trade agreement

Due to globalization, countries are becoming increasingly interdependent. Today I would like to discuss the two leading countries that drive the global economy, US and China.

China is attempting to increase economic independence in Asia through its One Belt One Road (OBOR) initiative where it plans to build infrastructure throughout China, East Asia,  SouthEast Asia, and Europe for trading purpose, to expand its economic leadership in Asia.  The initiative is also recognized by the US,…

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I mentioned this briefly in one of my discussion board posts in INTB 6644, but I think it is important to talk more about this massive initiative being put into place by the French government. The French government has put into place initiatives that are pushing for main three goals:

  • Eliminate the sale of gasoline and diesel-powered vehicles by 2040
  • End oil and gas exploration on French territories
  • Eliminate coal-fired power plants

This is an important…

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