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Showing posts with label Chinese economics. Show all posts
Showing posts with label Chinese economics. Show all posts

April 15, 2011

The BIggest Corporate Tax Dodgers: Infographic

This Infographic comes from  understory  which showcases the 12 of the dirtiest corporate tax dodgers: Bank of America, Citi, JPMorgan, Wells Fargo, Chevron, BP, Shell, Exxon, Massey Energy, Alpha Natural Resources, Peabody Energy and Arch Coal. These 12 banks, oil and coal companies are responsible for foreclosing on millions of people’s homes and polluting our air, water and climate. At the same time, we found that they pay next to nothing into a tax system that provides the very services that protect the homeless, the sick and our environment. As the graphic below shows, banks, oil and coal companies are making billions in profits annually and paying much less than their fair share in taxes. In fact, the top four oil companies in the country made $1.26 trillion in gross revenues and paid a shocking 2.04% average tax rate.

March 29, 2011

Morgan Stanely Forecast For 2011






















In a new note, Morgan Stanley's European team is getting defensive, and telling clients to go underweight industrial stocks and overweight the traditionally defensive telecom sector.

1) History suggests that defensive outperform post peaks in lead indicators and at the start of a new interest rate cycle.

2) Defensive sectors are very unpopular - European investors are now more underweight defensive than financials.

3) Over the last 40 years the only prior occasion when defensives had underperformed as much on a two-year rolling basis was in the 2000 TMT bubble.

4) Post poor performance, defensive valuations look increasingly attractive.

As for getting negative on industrials:

To fund our more positive view on defensive, we are going underweight Industrials as we believe the sector is one of the most vulnerable to an inflection point in the economic growth story and is relatively more exposed to building margin pressures.

This chart shows nicely what industries do best after the ISM peaks (signaling the end of the first stage of the recovery):

source : Businessinsider

March 12, 2011

CEO Salaries Compared Across World:

WHERE does a senior manager cost most? Brazil, according to the Association of Executive Search Consultants (AESC), a trade body. Two recent surveys, one by the AESC and the other by a Brazilian headhunter, Dasein Executive Search, found that chief executives and company directors earned more in São Paulo, Brazil’s business capital, than in New York, London, Singapore or Hong Kong (see chart). The surveys compared base salary, but bonuses in Brazil are generous too, says David Braga of Dasein. And the comparison understates the cost of hiring in Brazil: its payroll taxes are among the world’s highest.

Part of the reason for runaway executive pay is booming demand for staff, at all levels. Brazil, China and India are all seeing strong growth in employment. But according to Manpower, another employment agency, the mismatch between supply and demand is starkest in Brazil, where 64% of employers report difficulty filling vacancies, against 40% in China and 16% in India. Managers with technical backgrounds are especially scarce in Brazil: big oil finds and infrastructure plans mean demand is soaring, but Brazil turns out just 35,000 engineers a year, against India’s 250,000 and China’s 400,000.

The strength of the real artificially boosts Brazil’s position in international pay comparisons. But even as executive pay is growing by double digits a year, says Edilson Camara of Egon Zehnder, a headhunting firm. Senior managers in China and India are reaping similar gains, but from a lower base. Multinationals that used to run their Latin American operations from Miami, Mexico or Buenos Aires have mostly shifted to São Paulo; China and India are still often overseen from Singapore or Hong Kong, though Shanghai is becoming more popular. A wave of foreign takeovers, and forays abroad by Brazilian firms, have both increased demand for managers with international experience. ( Source : Economist)

February 26, 2011

Visualsing 2000 Years Growth and Income : China Vs Egypt

Via Visualeconomics

 Data estimates for population and GDP per capita are from Angus Maddison Emeritus Professor, Faculty of Economics, University of Groningen. 1990 international Geary-Khamis dollars are purchasing power parities (PPPs) used to evaluate output which are calculated based on international prices. See United Nations Statistics Division for more information their computation. ( source : Visualeconomics )