News Items

European Central Bank floods local economies with cash

May 1, 2015
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European Central Bank floods local economies with cash

European markets continue to tumble behind the US, giving rise to the European Central Bank’s easing of monetary policy to try to stimulate business activity and reduce the high level of unemployment. Greece’s debt-plagued economy concerns the larger EU countries as they no longer have the cash to sustain Greece.  Meanwhile, the Japanese are trying…

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Chipotle gives up on GMO–social responsibility in action

May 1, 2015
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Chipotle gives up on GMO–social responsibility in action

The restaurant chain, Chipotle Mexican Grill, just made eating safer for its customers this month by eliminating all genetically engineered ingredients from its menu.  Their “food with integrity” program includes buying from local farmers, ranchers, suppliers who share the same commitment to quality and ethical responsibility. By removing genetically modified organisms entirely from their menu,…

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It’s spring and French air traffic controllers strike!

April 8, 2015
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It’s spring and French air traffic controllers strike!

French air traffic controller unions are unhappy with French government restructuring plans and the increase in retirement age from 57 to 59 for air traffic controllers.  Strikes are planned throughout the month of April and May by the largest union, the SNCTA.  The effects of these strikes continue to reel through the airline industry with…

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Reducing industry uncertainty – Shell and BG Group agree to merge

April 8, 2015
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Reducing industry uncertainty – Shell and BG Group agree to merge

Royal Dutch Shell and BG Group (formerly British Gas) agreed to merge on 8 April for a new valuation of £47B.   This merger increases the size and diversification of the oil and gas investment portfolio for Royal Dutch Shell, which already has a £177B market capitalization.  The new deal will add proven oil and gas…

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RadioShack divests—Chapter 11 bankruptcy filing

March 3, 2015
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RadioShack divests—Chapter 11 bankruptcy filing

On 5 February this year, RadioShack Corporation filed for chapter 11 bankruptcy.  The company started in 1921 in Boston and was acquired by Tandy Corporation in 1962.  Over the years, products sold evolved from DIY for radio enthusiasts to cell phones and assorted accessories.  The company lost its market share due to rapidly changing technology…

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Educating business about the TTIP

March 3, 2015
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Educating business about the TTIP

The port city of Mobile, Alabama survives on international trade. Driving the global outreach are eight large local manufacturing companies in industries such as chemicals, aircraft construction, and lumber. Business and government leaders expect the TTIP to bring an increase of 138% in exports and at least 9,000 jobs, if it is adopted by both…

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Call centers move to the Philippines

February 2, 2015
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Call centers move to the Philippines

The outsourced call center business brings new wealth to the Philippines.  With more than one million Filipinos now working in the industry; a majority of these young, college-degreed workers work in business process outsourcing (BPO) for major US-based companies such as Citibank, Aetna, Safeway, and Chevron.  India still dominates in information technology outsourcing.  The Filipino…

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Greece—banks in trouble again

February 2, 2015
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Greece—banks in trouble again

    Alexis Tsipras became Greece’s new prime minister on January 26th this year. As the leader of the radical left, Tsipras attacked the validity of the bailout agreements that were negotiated between the EU/ECB and the former Greek government.  One of his first efforts to save the country from another round of steep recession…

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African safari industry in danger

November 5, 2014
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One of the leading online resources for planning an African Safari trip, SafariBookings.com, is a Dutch company operating out of the Netherlands.  Its online marketplace displays 1,154 specialized safari operators, 8 major safari countries, 138 parks & reserves.  On the website 5,722 user reviews and 756 expert reviews provide current information and experiences from travelers and professionals.  Country information is provided…

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Media frenzy affects major African businesses―safari tourism

November 5, 2014
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Media frenzy affects major African businesses―safari tourism

Like many safari companies with tours in Eastern Africa, Overseas Adventure Travel (OAT) found that the Ebola outbreak in Western Africa presents a difficult climate for selling safari tours.  The Boston-based company that was started in 1958 by the founder of AARP, Ethel Andrus, looked for ways to ease traveler’s concerns.  As most tour operators…

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