Bloggy Business Today

The latter part of 2008 is not the best times we will remember. Global recession issues started to crop up months back and while many were bracing themselves on the effects of these factors, it seems that figures are now the best thing to justify that the world is truly in recession. Without significant numbers in the export side, you can just imagine how much the impact would be and why there is a trade deficit at this point.

With less imports resulting from poor markets and declining confidence in the economies, the United States had reported a trade deficit which is sending a lot of shivers to people who are following the potential outcome of these recession problems. Job layoffs have also risen and put them altogether and you have a world that is scrambling to make ends meet and try to survive this debacle that is here.

The Commerce Department reported Thursday that the trade deficit rose to $57.2 billion October, 1.1 percent higher than the September imbalance of $56.6 billion. Analysts expected the deficit to decline to $53.5 billion on lower oil prices.

So with these fact evident, it looks like we should be prepared for worst things ahead. No one wants to be in this situation but apparently we don’t have much of a choice but to go with the flow.

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[tags]global_recession, significant_numbers, trade_deficit, job_layoffs, commerce_department, oil_prices, united_states, confidence[/tags]

It all started from lead paint poisoning and now melamine. China, a promising and expected growing nation in Asia may have bitten off more than it can chew. Rather than perhaps already be among the stable top countries the world knows of today, it is slowly teetering on the brinks of economic and national disaster.

Earlier this year, it has already been involved in the celebrated lead point poisoning, distributing toys that proved to be hazardous to children who were exposed to them. It has since recalled all toys manufactured, tagging along big names in the United States which have suffered severely as far as brand reliance is concerned.

This issue has since died down but the tarnish that it has created on China and various US toy brands has been imprinted. Just recently, melamine found initially in infant’s milk has caused quite a stir and this has since extended as far as dairy milk and chocolates. Again, this issue has dragged along big names in America such as Cadbury which has been proven to have melamine traces from independent national testing.

With all of these in consideration the impact on the Chinese national economy cannot be felt right now. They are indeed the new kids on the rise today but these controversies will have a large bearing on their credibility.

Neighboring countries like Malaysia and Indonesia are quiet but expected to take advantage of these spate of blunders. They are the current markets on the rise and most of these will be discussed in the next articles.

[tags]lead_paint_poisoning, national_disaster, toy_brands, dairy_milk, national_economy, brinks, cadbury, blunders, spate, controversies, credibility, bearing, reliance, traces, indonesia, asia, china, toys, united_states[/tags]

In the Philippines, providing alternatives in any line of business is really something to behold. You can refill ink cartridges, bottled water and now perfumes. Now the initial two are something common we see in the world market today but the latter, refillable perfume is something that is bound to make you wonder, “What will they think of next?”

Well, there is this small stall located at the 3rd level of Robinsons Galleria in Ortigas. I actually saw it last week when my wife was looking for Prescripto, a known local company that sells imitation perfume in fabricated simple bottles. While looking for it, we came across this stall called Scents for Cents which showcased a lot of original perfumes to which I saw my favorite, the Tommy Boy brand.

I know very well that there is no sense in considering it since knowing stuff that came from the Philippines, it is sure to be fake. These perfume concoctions are normally mixed with 90% water and 10% the actual scent. How do they maintain the scent? Well, we all know how strong and how easy it is to create aromas that can be easily added into the mixture.

Anyway, I decided to give it a try. Take note of this advertising placard they had which you cannot miss!

“WE REFILL ORIGINAL PERFUMES”

So upon seeing that, I had an old original bottle that I got from the United States and brought it there. I just wanted to see if they really can refill the bottle.

To my surprise when I got there, the sales attendant told us that they cannot refill original bottles because they are sealed. In dismay, I pointed to the placard and said “If that is the case, why do you place that ad card. You are fooling people!”

She replied, “We only refill perfumes that make use of our bottles, sir”

So in a matter of speaking it was supposed to say:

“WE REFILL ORIGINAL PERFUMES THAT MAKE USE OF OUR BOTTLES”

Talk about advertising, that was a cheap shot. But nevertheless, I had no intention of buying anyway so I let it go.

Then I wanted to ask how much the bottle of Tommy Boy perfume was using their bottle even if my wife was telling me that it was not worth it. The answer?

“Sorry sir we only have the original Tommy Boy with us. We don’t have the one that your type of bottle has”.

I shook my head in disbelief. She was basing perfumes on bottles? I just left and said you are fooling people but it will all come back to you and went away to avoid making a scene.

Oh and by the way, the perfume bottle that I did have really was the original Tommy Boy perfume straight from the United States. So I guess you know now why I was really pissed.

So when you happen to pass by Robinsons Galleria and see this stall on the 3rd level check out the sign. But avoid buying anything there. They are marketing something just for attention and if you do buy, it is just a waste of time.

[tags]imitation_perfume, concoctions, tommy_boy, local_company, line_of_business, aromas, perfumes, bottled_water, dismay, scents, ink_cartridges, mixture, philippines, surprise, united_states[/tags]

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In the previous article regarding the failure of the Georgia-based bank, I mentioned that the real estate fiasco that is currently going on in the United States is a great illustration of how the US economy is different from every economy on Earth. In the interests of clarity, I’d like to expand on that idea a little more.

The US business world is based entirely on the idea of extremes. It is essentially the closest thing to a pure free market that exists, but at the same time it is also not exactly a free market in many different cases. The US economy however is not as regulated by the government as most of the other developed nations of the world and that means that the business extremes are more pronounced in the US than they would be anywhere else.

During the good times, this is a fantastic thing because it means that businesses boom in the US to levels that the rest of the world could not hope to match. It is also what allows the country to generate the massive amounts of wealth that it has. However, during the bad times, the businesses and the individuals suffer a lot more than they would in other countries and this is what we are witnessing now. Without casting aspersions or praise on this method of doing business, I will say that it is an interesting difference that the United States has.

[tags]developed_nations, massive_amounts, fiasco, business_world, extremes, doing_business, rest_of_the_world, clarity, illustration, economy, boom, failure, earth, real_estate, united_states[/tags]

photo courtesy of Bloomberg.com

According to a recent article published by Bloomberg.com, there might be light at the end of the tunnel as far as the Japanese economy is concerned. The stock market actually made significant games for the first time in a week or so and many of the concerns that were surrounding inflation and the credit crunch appear to be at a low point not just over the course of the week, but also over the course of the whole recessionary period we have been in.

Now, you might be wondering why I would bother writing about the Japanese economy for a blog that deals with business, home business and business in the United States. Well, the simple reason is that things are very connected globally nowadays and that means that what affects one part of the world ends up affecting other parts of the world through these chain links. If Japan, a first-world economy very similar to that of the United States, is experiencing a general easing up of concerns, then it is quite possible that similar things might happen in this country with business as well.

This is by no means suggesting that we might be on our way out of the tough times, but rather that we might be approaching an eye in the storm. Keep your eyes on the economic indicators that most affect your business in order to see if this turns out to be true.

Japanese shares rose for the first time in a week after crude oil dropped, relieving inflationary pressure, and as credit-market concerns eased amid speculation Lehman Brothers Holdings Inc. will receive an investment.

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[tags]credit_crunch, japanese_economy, chain_links, world_economy, economic_indicators, stock_market, inflation, home_business, japan, blog, games, united_states[/tags]