Tag: global economy

  • Covid-19 has created the new frontier.

    Covid-19 has created the new frontier.

    In a National News article – the Covid-19 pandemic may result in a cumulative global gross domestic product loss of $16 trillion through 2025, according to research from Australian National University.  This worst-case scenario forecasts waves of the pandemic to keep on emerging until 2025 and countries that enforced movement restrictions to curb its spread, eschewing shutdowns during future outbreaks.

    The UN’s trade and development agency said “Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy $1 trillion in 2020”. Keep in mind we are all in this together.

    The SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2) pandemic is the greatest threat to prosperity and well-being the US has encountered since the Great Depression. This Viewpoint aggregates mortality, morbidity, mental health conditions, and direct economic losses to estimate the total cost of the pandemic in the US on the optimistic assumption that it will be substantially contained by the fall of 2021. These costs are similar to those associated with global climate change.

    Since the onset of coronavirus disease 2019 (COVID-19) in March, in the US 60 million claims have been filed for unemployment insurance. Before COVID-19, the greatest number of weekly new unemployment insurance claims (based on data from 1967 on) was 695 000 in the week of October 2, 1982. For 20 weeks beginning in late March 2020, new unemployment claims exceeded 1 million per week; as of September 20, new claims have been just below that amount.

    The high costs of COVID-19 are evident in lost jobs, dramatic falls in GDP growth, compromised schooling, shuttered restaurants, and much more. Some of these losses will be recovered over time, some will not. The human costs of the pandemic—above and beyond the gruesome death toll—are much more difficult to assess.

    As March 14, 2021 the total worldwide covid cases are 120 Million, Recovered are 67.8 Million and Deaths are 2.65 Million.

    If you are reading this blog you like us are probably waiting for the vaccine to reach 80% so that we can resume some sort of new normal. It is fairly clear to see that the Covid-19 virus has affected every corner of the world and life as we know it for future generations. In approximately one year, our world has changed completely. Most people are already getting things in motion, to get back into the swing of things, but there are many individuals who were running small businesses and intending on starting or restarting their businesses and they are wondering just where to start and what the economic landscape will look like once most of the world has been vaccinated. The key though is we should go ahead and start something and see where it goes. There has never been a better time to be an entrepreneur than today it is truly the best time in recent history to build something truly great.

    The key is to stay on message and also to build green with the environment at top of mind. Money is important and it is important to make a profit for your endeavours, however, it is equally important to have a purpose and a cause in order to build a better world. It is important that we focus on sustainability and growth for not only your company but for humanity. The big question is where to start, and the answer to that question is to just start. There are endless opportunities in today economy with little barriers to entry in most industries. Literally now would be the time to start anything and as long as you are willing to work long and hard at it to bring your dream into reality.

    If I learned anything from the past year it’s that life is a delicate balance and at any time circumstances can change and take away any security from us that we thought we had. This is an opportunity to start over and do things different this time. I can’t say that much has changed for us over here at Nexonta Technologies Inc. as we have always been about building a really solid foundation and working with people who you truly consider family. Find something you love and people you love working with and do it. The money will come. At the end of the day, if you enjoy what you are doing the next time something like Covid 19 happens, it will just feel like a bit of turbulence rather than a full-on life altering explosion.

    On to the Next Level
    Nexonta Technologies Inc.

    Sources:
    https://www.weforum.org/agenda/2020/03/coronavirus-covid-19-cost-economy-2020-un-trade-economics-pandemic/
    https://jamanetwork.com/journals/jama/fullarticle/2771764
    https://www.brookings.edu/research/the-human-costs-of-the-pandemic-is-it-time-to-prioritize-well-being/
    https://www.google.com/search?q=worldwide+covid+deaths&spell=1&sa=X&ved=2ahUKEwjkgpaV-LDvAhVN-qwKHURbBeIQBSgAegQIMBAw&biw=1920&bih=937
    https://www.thenationalnews.com/business/economy/covid-19-may-cost-global-economy-35-3-trillion-by-2025-1.1069246

  • Amazon launches a shopping device which comes with a phone!!!

    30 July 2014
    Amazon launches a shopping device which comes with a phone!!!

    This is a sign of things to come. Statistics show that when it comes to online purchases in the US there is only about 5% market penetration and while in Canada there is 2% market penetration when it comes to online shopping. What this means to retailers is that there is plenty of room to move in that space.

    Giant retailer Amazon has just launched their first smart phone called the “Fire Phone”. At first glance, it looks like a tricked out BlackBerry10 but from what I can see, there are some pretty cool features on the device. The main one being that you can take a picture of a product and using the image the phone with take you to Amazons website and you can purchase that item instantly. How cool is that!

    The second really cool feature that we noticed on the phone was the Zillow APP which is changing the way that people source real estate. This is a useful APP for anyone who is interested in finding out about more than just details on a house it also lists the amenities in the surrounding neighbourhood.

    From what I have seen this phone is not going up against just Apple and Samsung but rather all smart phones. Amazon has identified the consumer based market place where it looks like consumers will be able to make their lives much more efficient from their hand held device.

    What this means for the retailer is that if “Fire Phone” is taking care of all of your impulse buying needs then it is important for most brick and mortar retail shops to catch with their online sales or get left behind. I think it is pretty safe to say that Amazon at this point probably has all of the stats on online retail shopping and consumer behaviour at their disposal and while the company has not turned a profit on the books with the Fire Phone as they are working on creating brand awareness which costs large in the telecommunication industry. Amazon is indeed primed (pardon the pun) and positioned to take advantage of the global online shopping market that they have created. I mean the logic is there, people go online to research most purchases and services that they are interested in purchasing and if they find it online at a better price then chances are they are going to buy it right then and there. What this means is that retail sales will continue to slow and companies will start entering the online market space in a big way.

    Over the next 5 years the global economy will become more seamless and the global market place more localized. This gives way for smaller players to take advantage of vast markets. With the internet shrinking the world there are great opportunities for companies to grow there businesses.

    One of my favorite shows on television is House Hunters International – it takes you all these different exotic places that one would never dream of moving to permanently and you discover that they are just like where we live but the main difference being geography and culture and language in some cases.

    So while the global economy is becoming more and more a reality it’s pretty safe to say that internet shopping is only going to get more and more competitive and so if you have a product or services to offer then we suggest you start your 24 hour store on the internet (if you don’t already have one) and get opened for business.

    Nexonta Technologies Inc

  • Welcome to the New Romantic Era

    09 May 2014
    Romanticism was an artistic, literary, and intellectual movement that originated in Europe toward the end of the 18th century and in most areas was at its peak in the approximate period from 1800 to 1850. Partly a reaction to the Industrial Revolution, today it is being sparked be the world wide web, it was also a revolt against the aristocratic social and political norms of the Age of Enlightenment and a reaction against the scientific rationalization of nature. For much of the peak Romantic period it was associated with liberalism and radicalism, its long-term effect on the growth of nationalism was probably more significant.

    “Today’s global economy needs to be placed in a broader perspective,” Christopher Cowdray CEO Dorchester Collection said. “Most of us are not aware of the investors behind the brands that have become an integral part of our everyday life, from the gas we put in our cars, to the clothes we wear, to the way we use social media and to the hotels we frequent. American companies across the board are funded by foreign investment, including sovereign wealth funds.”

    On April 14, militants with the Islamic fundamentalist group Boko Haram reportedly attacked the Government Girls Secondary School in the northern Nigerian town of Chibok and kidnapped nearly 300 girls. Malala Yousafzai, the Pakistani teenage activist who survived a Taliban assassination attempt, also spoke up for the missing girls, in an interview with NBC News. First lady Michelle Obama tweeted a message in support of the kidnapped Nigerian schoolgirls on Wednesday.

    Apple is closing in on its largest ever acquisition with the planned $3.2 billion purchase of Beats Electronics, the headphone maker and music streaming operator founded by music producer Jimmy Iovine and the hip-hop star Dr Dre. While Beats commands a leading position in the premium headphone market, its real value to Apple is in revitalizing its “cool” at a time when iTunes has waned in popularity and Samsung’s marketing campaigns have savaged the iPhone’s brand.

    President Vladimir Putin is making his first visit to Crimea since Russia annexed it from Ukraine in March. He told crowds marking the 1945 Soviet victory over the Nazis that Crimea had shown loyalty to a “historical truth” in choosing to be part of Russia. The Kiev government protested at the visit, calling it a “gross violation of Ukraine’s sovereignty”.

    With this new period or era of Romanticism, it is clear we will dissect continents, nations, governments, countries and corporations to find which ideas work on a global scale and this will be a long and tedious process fueled by the internet and played out in books, art, music, literature, and historical relevance. It is no longer enough to understand our own personal history, with globalization being the future it is essential that we understand global history for future harmony.

    Nexonta Technologies Inc

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