Signalpost

One bad thing never comes alone!

Several different accidents have struck the american economy at the same time. The result; the world’s greatest economy is in “an exceptional difficult period”, if one aske  the OECD.

What happened?

All of a sudden the real estate market crashed, the finance cricis struck and combined with high foodcosts prices these factors have lead to that the financial activities abruptly slowed down during 2008. The bad times for the americans are fare from done. OSED predicts that 2009 will been at least just as bad. The BNP is expected to fall by 1 percent, the private spending by 1,2 % and the unemployment rate is expected to rise from 5,7 % to 7,3 %. read more aboute the financial crises here

One man’s dream

In 1991 James Palumbo invested 340.000 euros of his own capital into a new dance club located in an old South London bus depot. As an old Etonian, a graduate of Oxford University and a former merchant banker, Palumbo was an unlikely entrant into a dance culture that was still raw and far from respectable. He actually preferred classical music.

Difficult start

The Ministry of Sound’s start had been difficult. Dance music had its origin in ‘acid house’, itself with its roots in the futuristic, electronic music of the gay clubs of Chicago and New York. Dance music arrived in the UK during 1988, the so-called ‘Second Summer of love’, strongly associated with the recreational drugs. It was a turulent period dealing with the drug problems. read more about the sucessful bussines *Ministry og Sound here

State finance

The past week the car industry has been taking up a lot of space in the news. The industry is suffering from the financial situation, not selling any cars. The spokesmen of the industry have been saying the the governments must take action as they have done in relation to the banking industry. I not really sure wether I like this idea?

The US

Most obviously the American car industry is in big trouble, as this is the greatest producer of car in the world. But Opel in Germany are also having problems. Opel has asked the German government to grant money to keep the factory from closing. read more about the dilemma of financial support to the car industry here

The Largest Producer in the world

By 2005 Electroluxe was the worlds largest producer of domestic and professional appliances for the kitchen, cleaning and out-door use. Its products included cookers, vacuum cleaner, washing machines, fridges, lawn mowers, chain saws and also tools for the construction and stone industries.

The History

The early growth was built around an expertice in industrial design creating the leading products in refrigeration and vacuum cleaning. Bu the mid.1930s the company had also established production outside of Sweden in Germany, UK, France, USA and Australia. read more aboute Electrolux here

Long-term liquidity crisis?

The crisis keeps setting new lows, and governments and central banks are desperately fighting back with everything they’ve got. But what are the long-term effects of US government interventions?

There have been a lot of different opinions about how the US government have handled the financial crisis, and how they should handle it moving forward – both among economic experts, but also, as we saw with the rescue package bill, among themselves. Many believe the government has done the right thing by interfering in the financial markets, providing liquidity, helping packages, etc. etc. And of course it seems as a satisfactory solution when the market bounce right up in the minutes following the announcements, but what will the medium or long-term effects of this be? Spitting too much money out in the banks and in the financial system will obviously have consequences on a long-term basis, and will probably cause the end of a number of planned government projects and goals. On the environment side, take for example the Renewable Portfolio Standard (RPS), a project which the US government set in motion with a goal of achieving a 15% rate of alternative energy by the year of 2020. Not only is it unsure how they will finance the project after pumping liquidity into the markets and potentially raising taxes, but the financial crisis have also set it’s marks on the alternative energy providers that the US would be working with in order to achieve this goal, such as Siemens and Danish company Vestas, both of which have previously (even before the crisis) had trouble with meeting clients’ demands. Long-term finacial liquidity crisis and the Liquidity Solutions

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