Monday, 17 February 2014
Tuesday, 31 December 2013
Deutsche Telekom launches iCar use in a US
Deutsche Telekom launches iCar use in a US
Deutsche Telekom has teamed with telematics provider Un-Blinking Technologies to launch a vendor-independent machine-to-machine (M2M) use for vehicles in a US formed on iCar.
The goal is to “offer value-added services to purchasers of any automobile – un-tethered to a exclusive record of particular automobile manufacturers”.
This will embody programmed reminders for a subsequent oil change, to remote evidence information, and other location-based services.
“To date, automobile dealers have been incompetent to offer a connected automobile resolution directly to customers,” says Thomas Kiessling, Chief Product and Innovation Officer, Deutsche Telekom. “They can now beget additional income streams and offer their business new value-added services.”
Deutsche Telekom provides both a telemetry hardware for a vehicles as good as a SIM-cards and information connections.
Un-Blinking Technologies reserve Android and iPhone apps, along with a Web portal to give business entrance to their vehicle-provided data.
Progressive Seattle area automotive organisation Barrier Motors in Bellevue has already versed 1,500 cars from their Mercedes-Benz, Audi, Porsche, and Volvo brands with a iCar Intelligent Car Technology Package.
After a successful execution of this initial launch Deutsche Telekom and Un-Blinking devise to deliver a product to 300 additional automobile dealerships opposite a US.
The iCar M2M complement means a mobile app or a Web portal can be used to guard a automobile information including expenditure information and a plcae of their cars during all times.
Monday, 30 December 2013
U.S., Spain GDP Contraction
U.S., Spain GDP Contraction
The Commerce Department reported that U.S. fourth-quarter GDPcontracted by 0.1%, way below forecasts of a 1.0% increase. This is a sharp and fast deterioration from the third-quarter which saw GDP expand by 3.1% and marks the first contraction since the second-quarter of 2009.Of course economists brush of the negative figures and stamp them as meaningless, but if the figures would have been positive they would have labeled them as very significant.
The contraction came despite an increase in consumer spending which rose 2.2% which shows that consumers started to borrow again and continue to support the fragile economy with money they do not have. Consumers load up on debt and a consumer debt crisis in the U.S. is imminent. Incomes have stagnated and prices increased which means consumers have less disposable income available. The increase in consumer spending signals a worrisome increase in household debt.
Defense spending saw the biggest cut in almost half a century and companies reduced inventory production in anticipation of weak demand in the future. Exports saw the biggest drop in four years and suggest weakness in manufacturing ahead. The U.S. Dollar should be under pressure over the next few weeks and the EURUSD may approach the 1.3800 level next month.
Adding to consumer problems is Obama’s increase in social security tax which will further slash disposable income and the U.S. may enter a technical recession during the first-quarter. Most Americans never exited the Great Recession and the way the government calculates figures is not in line with real economic developments. Consumer spending should contract starting this quarter and remain weak throughout the year with a small increase in inflation which will further pressure American households.
Due to Obama’s tax increase consumers will have between $1,000 and $4,500 less in disposable income during 2013 which will shave roughly $40 Billion of economic activity alone. The middle-class will carry most of the burden due to Obama’s tax policies and the economic cost will be malicious for the government through 2020.
Spain reported its fourth-quarter GDP came in worse than expect at a contraction of 0.7% only days after the country reported an rate of above 55% in adults under the age of 25. This was the sixth consecutive GDP contraction and the most recent indicator that austerity measures have put the country deeper into the recession than anticipated. There are rumors of a Spanish exit from the Eurozone which currently join the Greek exit rumors and hint at a slow collapse of the Eurozone which should force positive change to the monetary union.
A complete collapse of the current Eurozone is required before policy makers realize they system was destined for failure and that changes should have been made decades ago. The current approach of the Eurozone in order to handle the issues are counter-productive and cause further monetary bleeding which tax payers have to endure while the overall quality of life is on the brink of collapse.
The UK initiated the latest round of economic contraction when it reported last week that GDP shrank by 0.3% and the country currently flirts with a triple dip recession. The trend is evident that the global economy is not nearly as healthy as economists have predicted which puts recent equity market performance out of line with reality. Market participants should anticipate a sharp contraction in most in excess of 30% in a bear market which will fully unfold towards the end of 2013 and last through 2014 and possibly beyond due to counter-productive measures taken by governments and central banks.
EU moves closer to banking union
EU moves closer to banking union
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The European Union at the very least understands that a Eurozone banking union is a necessity moving forward in order to create a more stable Eurozone. The obvious step to undertake is to give the ECB the sole power to grant banking licenses and supervise the banking system for the 17 member Eurozone. Those exact proposals are swirling around Brussels as I type. September 12th is the date where such a plan may be unveiled.
The European Commission is responsible for the plans and will work overtime during the next two weeks to hammer out a final plan which will at least lay the groundwork and most likely will be amended several times. The ECB will receive powers to step-in and take over day-to-day operations in extreme cases, but national regulators will still be allowed to decide when to close down a bank. The ECB will be allowed to make recommendations to national regulators and have a vote in the process as it will serve as the regulator of national regulators.
The ultimate goal is to give the ECB sole supervisory powers and a monopoly when it comes to regulationas well as oversight and implementation directly related to the financial stability of the Eurozone. Michael Barnier, the Financial Service Chief of the EU, stated that national regulators should be in charge of consumer protection as well as other smaller tasks and take a support role to the ECB.
The ECB needs to be allowed to step in and close banks without limits and consultation with national regulators. Initially the ECB may receive that power only for banks which will be labeled important and whose failure will pose a systemic risk for the stability of the world’s biggest economy. National regulators may be allowed to engage in supervisory roles when it comes to smaller national banks which will not pose a risk to the financial system.
A collaboration between the ECB as well as national regulators and the rumored creation of a third body on a high ranking EU Parliament level makes sense when it comes to the supervision of the Eurozone’s 6,000 plus lenders if implemented and executed with sophistication. We will see if EU politicians will deliver a pleasant surprise on September 12th or if this will be another episode of hyped up talk with the failure to deliver.
The window of opportunity is closing rather fast and tough decisions will need to be undertaken before it will be too late. The Eurozone debt contagion has created a once in a lifetime opportunity to fix the old and dysfunctional system as it pointed out the flaws over the past 30 months. The EU has rare chance to take the current problems, ignore the socialistic, worthless scumbags and create a system which will encourage financial stability, economic growth as well as sustainability.
The next twelve months will be very crucial as decisions will made by politicians will shape the future of the EU. The EU will either suffer from a prolonged recession and several lost decades in the same manner Japan and the U.S. did and will do or the EU will make the right decisions and rediscover the old world. This is a great opportunity to become a growth engine again and create a society which will prosper as it will finally learn from its mistakes.
The European Union at the very least understands that a Eurozone banking union is a necessity moving forward in order to create a more stable Eurozone. The obvious step to undertake is to give the ECB the sole power to grant banking licenses and supervise the banking system for the 17 member Eurozone. Those exact proposals are swirling around Brussels as I type. September 12th is the date where such a plan may be unveiled.
The European Commission is responsible for the plans and will work overtime during the next two weeks to hammer out a final plan which will at least lay the groundwork and most likely will be amended several times. The ECB will receive powers to step-in and take over day-to-day operations in extreme cases, but national regulators will still be allowed to decide when to close down a bank. The ECB will be allowed to make recommendations to national regulators and have a vote in the process as it will serve as the regulator of national regulators.
The ultimate goal is to give the ECB sole supervisory powers and a monopoly when it comes to regulationas well as oversight and implementation directly related to the financial stability of the Eurozone. Michael Barnier, the Financial Service Chief of the EU, stated that national regulators should be in charge of consumer protection as well as other smaller tasks and take a support role to the ECB.
The ECB needs to be allowed to step in and close banks without limits and consultation with national regulators. Initially the ECB may receive that power only for banks which will be labeled important and whose failure will pose a systemic risk for the stability of the world’s biggest economy. National regulators may be allowed to engage in supervisory roles when it comes to smaller national banks which will not pose a risk to the financial system.
A collaboration between the ECB as well as national regulators and the rumored creation of a third body on a high ranking EU Parliament level makes sense when it comes to the supervision of the Eurozone’s 6,000 plus lenders if implemented and executed with sophistication. We will see if EU politicians will deliver a pleasant surprise on September 12th or if this will be another episode of hyped up talk with the failure to deliver.
The window of opportunity is closing rather fast and tough decisions will need to be undertaken before it will be too late. The Eurozone debt contagion has created a once in a lifetime opportunity to fix the old and dysfunctional system as it pointed out the flaws over the past 30 months. The EU has rare chance to take the current problems, ignore the socialistic, worthless scumbags and create a system which will encourage financial stability, economic growth as well as sustainability.
The next twelve months will be very crucial as decisions will made by politicians will shape the future of the EU. The EU will either suffer from a prolonged recession and several lost decades in the same manner Japan and the U.S. did and will do or the EU will make the right decisions and rediscover the old world. This is a great opportunity to become a growth engine again and create a society which will prosper as it will finally learn from its mistakes.
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