Comments for The Bankwatch http://thebankwatch.com Tracking the evolution of financial institutions Sun, 12 Feb 2012 00:33:13 +0000 hourly 1 http://wordpress.com/ Comment on iBooks vs Amazon – Apple purchasing power is levelling the playing field by johnphilipgreen http://thebankwatch.com/2012/02/11/ibooks-vs-amazon-apple-purchasing-power-is-levelling-the-playing-field/#comment-32856 Sun, 12 Feb 2012 00:33:13 +0000 https://bankwatch.wordpress.com/?p=4814#comment-32856 Do they have equally extensive selection for the books you like? Have you considered that you can run the Kindle software on the iPad (and many other platforms), but you can’t read iBooks anywhere else?

]]> Comment on “Why US Banks need a new business model” | McKinsey by David G Wilson http://thebankwatch.com/2012/01/07/why-us-banks-need-a-new-business-model-mckinsey/#comment-32762 Thu, 26 Jan 2012 11:40:57 +0000 https://bankwatch.wordpress.com/?p=4797#comment-32762 Financial Sector: “Creators and casualties of complexity”
http://wp.me/p16h8c-TN

]]> Comment on “Why US Banks need a new business model” | McKinsey by Complexity in FS: why trying to predict…is [still] futile « Get "fit for randomness" [with Ontonix UK] http://thebankwatch.com/2012/01/07/why-us-banks-need-a-new-business-model-mckinsey/#comment-32761 Thu, 26 Jan 2012 11:30:33 +0000 https://bankwatch.wordpress.com/?p=4797#comment-32761 [...] “Why US Banks need a new business model” | McKinsey (thebankwatch.com) Share this:EmailPrintDiggLike this:LikeBe the first to like this post. [...]

]]> Comment on The real reasons for offshore outsourcing of manufacturing become clearer by Jason Knight http://thebankwatch.com/2012/01/22/the-real-reasons-for-offshore-outsourcing-of-manufacturing-become-clearer/#comment-32728 Tue, 24 Jan 2012 00:33:45 +0000 https://bankwatch.wordpress.com/?p=4807#comment-32728 Adamchik,

You are exactly right. My family business is apparel. We outsource manufacturing domestically because we like the shorter supply chain and quality control, but it is also a small business. I looked at bringing it “in-house” and the regulatory burden was so huge that I gave up. The USA has regulated itself out of jobs, and that isn’t going to change any time soon. My uncle has a large apparel business – he manufactures in Vietnam. A QA engineer is a lot cheaper and has lower risk than a regulatory compliance officer. We missed a month payment for a workers compensation policy for one employee in NYC and received a $25k bill. Seriously.

]]> Comment on The real reasons for offshore outsourcing of manufacturing become clearer by biteyourbills http://thebankwatch.com/2012/01/22/the-real-reasons-for-offshore-outsourcing-of-manufacturing-become-clearer/#comment-32721 Mon, 23 Jan 2012 16:04:38 +0000 https://bankwatch.wordpress.com/?p=4807#comment-32721 Some of these same Chinese workers lept out of factory buildings to their deaths due to the strain of working too many hours, correct? How do you expect Americans to compete against slaves?

]]> Comment on The real reasons for offshore outsourcing of manufacturing become clearer by The real reasons for offshore outsourcing of manufacturing become … « Outsourcing Yes http://thebankwatch.com/2012/01/22/the-real-reasons-for-offshore-outsourcing-of-manufacturing-become-clearer/#comment-32719 Mon, 23 Jan 2012 05:15:50 +0000 https://bankwatch.wordpress.com/?p=4807#comment-32719 [...] this link: The real reasons for offshore outsourcing of manufacturing become … Comments [...]

]]> Comment on The real reasons for offshore outsourcing of manufacturing become clearer by Colin Henderson http://thebankwatch.com/2012/01/22/the-real-reasons-for-offshore-outsourcing-of-manufacturing-become-clearer/#comment-32718 Mon, 23 Jan 2012 04:53:18 +0000 https://bankwatch.wordpress.com/?p=4807#comment-32718 The thing that I took from this article is less to do with wages and more to do with approach. The Chinese government have provided subsidies and investment money to build new factories that are designed to provide the services required. We know that in the US large scale innovation was government originated (internet, universities, NASA, Defence). The Chinese government have addressed innovation in commerce. We may not like that nor the implications but that is the hand being dealt.

This following quote is astounding – this was by design and has occurred in less than 10 years.

Foxconn Technology has dozens of facilities in Asia and Eastern Europe, and in Mexico and Brazil, and it assembles an estimated 40 percent of the world’s consumer electronics for customers like Amazon, Dell, Hewlett-Packard, Motorola, Nintendo, Nokia, Samsung and Sony.

]]> Comment on The real reasons for offshore outsourcing of manufacturing become clearer by johnphilipgreen http://thebankwatch.com/2012/01/22/the-real-reasons-for-offshore-outsourcing-of-manufacturing-become-clearer/#comment-32717 Mon, 23 Jan 2012 01:17:26 +0000 https://bankwatch.wordpress.com/?p=4807#comment-32717 Interesting discussion.

For more color, I strong recommend this recent podcast on This American Life:

http://www.thisamericanlife.org/radio-archives/episode/454/mr-daisey-and-the-apple-factory

Its the story of an Apple aficionado who transforms into an amateur investigative journalist and visits Foxconn.

]]> Comment on The real reasons for offshore outsourcing of manufacturing become clearer by Adamchik http://thebankwatch.com/2012/01/22/the-real-reasons-for-offshore-outsourcing-of-manufacturing-become-clearer/#comment-32716 Mon, 23 Jan 2012 01:01:34 +0000 https://bankwatch.wordpress.com/?p=4807#comment-32716 The environmental hazards and unsafe work conditions are extraordinary and well-documented. These jobs are not coming back because of dramatically lower wages, ease of pollution, “disposable” workers, 70+ hour work-weeks, etc. etc. “To say it cannot be done is too easy an answer” is too easy of an answer – we do not want this life for ourselves or our country. We have to figure out what we want and want to be, and that process will be painful. But these jobs are not coming back, as the labor, regulatory, and environmental arbitrage are too compelling.

]]> Comment on The real reasons for offshore outsourcing of manufacturing become clearer by Colin Henderson http://thebankwatch.com/2012/01/22/the-real-reasons-for-offshore-outsourcing-of-manufacturing-become-clearer/#comment-32715 Mon, 23 Jan 2012 00:27:11 +0000 https://bankwatch.wordpress.com/?p=4807#comment-32715 Even with automation and robots, jobs are still required.Witness the 700K people making Apple products. I suspect the union issue is a looming issue on this matter. Unions by there nature will resist progress on any front including employee expertise, automation, and hours. The example in the article could never happen in an American factory. Yet it happens in startup offices every day. Employees are willing … it must be the system that holds them up.

]]> Comment on The real reasons for offshore outsourcing of manufacturing become clearer by johnphilipgreen http://thebankwatch.com/2012/01/22/the-real-reasons-for-offshore-outsourcing-of-manufacturing-become-clearer/#comment-32714 Mon, 23 Jan 2012 00:13:12 +0000 https://bankwatch.wordpress.com/?p=4807#comment-32714 I don’t think Americans will sleep in bunks and work 16 hour shifts for $17!

The way to compete is with technology/automation, which is what the US does (successfully) in a lot of manufacturing industries. But that equally doesn’t create jobs.

One surprising fact is that US manufacturing output is higher than ever, in dollar figures, but the factories are filled with robots and the odd engineer with a Master’s degree.

]]> Comment on “We’re in the midst of a fundamental restructuring of that financial services industry” | Carney by The Banking Industry Gives Obama the Squeeze - Pilant's Business Ethics | Pilant's Business Ethics http://thebankwatch.com/2012/01/15/were-in-the-midst-of-a-fundamental-restructuring-of-that-financial-services-industry-carney/#comment-32698 Fri, 20 Jan 2012 14:54:48 +0000 https://bankwatch.wordpress.com/?p=4802#comment-32698 [...] “We’re in the midst of a fundamental restructuring of that financial services industry&#… (thebankwatch.com) [...]

]]> Comment on New payment offerrings threaten the traditional card acquiring networks by Visa Certifies Smartphones for Use as Visa Mobile Payment Devices … | Near Field Communication (NFC) / Smart mCommerce http://thebankwatch.com/2012/01/10/new-payment-offerrings-threaten-the-traditional-card-acquiring-networks/#comment-32613 Wed, 11 Jan 2012 15:11:27 +0000 https://bankwatch.wordpress.com/?p=4800#comment-32613 [...] New payment offerrings threaten the traditional card acquiring …By Colin HendersonThere are several hints that the mobile payment acquiring space is getting interesting. Square; Intuit GoPayment · SimplyTap. These new offerings bypass traditional payment networks and thus eliminate (or replace) merchant discount charges …The Bankwatch [...]

]]> Comment on What is the value of Social Media to commerce? by Rob http://thebankwatch.com/2011/12/28/what-is-the-value-of-social-media-to-commerce/#comment-32597 Mon, 09 Jan 2012 22:02:06 +0000 https://bankwatch.wordpress.com/?p=4791#comment-32597 It always amazes me how much Social Media sites has an impact on the amount of traffic that you can get when done properly

Keep up the great work,

Robert

]]> Comment on “Why US Banks need a new business model” | McKinsey by ?Why US Banks need a new business model? | McKinsey ? The … » Take the Wind Out of One's Sails http://thebankwatch.com/2012/01/07/why-us-banks-need-a-new-business-model-mckinsey/#comment-32583 Sun, 08 Jan 2012 22:31:02 +0000 https://bankwatch.wordpress.com/?p=4797#comment-32583 [...] Source: http://thebankwatch.com/2012/01/07/why-us-banks-need-a-new-business-model-mckinsey/ [...]

]]> Comment on The Perils of Multitasking | time management redux by business by dylantaylor - Pearltrees http://thebankwatch.com/2011/12/28/the-perils-of-multitasking-time-management-redux/#comment-32534 Mon, 02 Jan 2012 23:22:41 +0000 https://bankwatch.wordpress.com/?p=4793#comment-32534 [...] The Perils of Multitasking | time management redux « The Bankwatch Rate this: i [...]

]]> Comment on The Perils of Multitasking | time management redux by 13 Tips for Time Management — Ian's Messy Desk http://thebankwatch.com/2011/12/28/the-perils-of-multitasking-time-management-redux/#comment-32531 Mon, 02 Jan 2012 12:51:18 +0000 https://bankwatch.wordpress.com/?p=4793#comment-32531 [...] The Perils of Multitasking | time management redux (thebankwatch.com) [...]

]]> Comment on “The Future of History” (Fukuyama) and what does it mean for the design of banks by » A Point of View: The endless obsession with what might be Globe News http://thebankwatch.com/2011/12/25/the-future-of-history-fukuyama-and-what-does-it-mean-for-the-design-of-banks/#comment-32461 Mon, 26 Dec 2011 09:33:38 +0000 https://bankwatch.wordpress.com/?p=4787#comment-32461 [...] “The Future of History” (Fukuyama) and what does it mean for the design of banks (thebankwatch.com) [...]

]]> Comment on A failure of politics by “A Failure of Politics” 2–designing a system to ensure failure « The Bankwatch http://thebankwatch.com/2011/11/20/a-failure-of-politics/#comment-32188 Tue, 22 Nov 2011 20:59:11 +0000 https://bankwatch.wordpress.com/?p=4781#comment-32188 [...] a follow up to my ‘Failure of Politics’ post, here is succinct piece from Francis Fukuyama, Stanford Senior Fellow.  In particular [...]

]]> Comment on What is the effect on banks from a shift to technocrat government? by US bank shares tumble on eurozone exposure warning « rombizco http://thebankwatch.com/2011/11/17/what-is-the-effect-on-banks-from-a-shift-to-technocrat-government/#comment-32127 Thu, 17 Nov 2011 09:40:55 +0000 https://bankwatch.wordpress.com/?p=4777#comment-32127 [...] What is the effect on banks from a shift to technocrat government? (thebankwatch.com) [...]

]]> Comment on Munk Debates | Krugman, Rosenberg / Summers, Bremner debate in Toronto by Krugman v. Summers | Above the Market http://thebankwatch.com/2011/11/14/munk-debates-krugman-rosenberg-summers-bremner-debate-in-toronto/#comment-32112 Tue, 15 Nov 2011 23:53:49 +0000 http://thebankwatch.com/2011/11/14/munk-debates-krugman-rosenberg-summers-bremner-debate-in-toronto/#comment-32112 [...] a debate in Canada last night featuring Paul Krugman and Larry Summers (more here and here).  The question presented was whether “North America faces a Japan-style era of high [...]

]]> Comment on Munk Debates | Krugman, Rosenberg / Summers, Bremner debate in Toronto by Colin Henderson http://thebankwatch.com/2011/11/14/munk-debates-krugman-rosenberg-summers-bremner-debate-in-toronto/#comment-32107 Tue, 15 Nov 2011 20:00:05 +0000 http://thebankwatch.com/2011/11/14/munk-debates-krugman-rosenberg-summers-bremner-debate-in-toronto/#comment-32107 Thanks for the catch j mac and yes I do recall that. I guess I just did not hear much beyond ‘get growth going” yet how can growth ever reach old levels with a potentially systemic (my view) increase in unemployment.

In any event a throoughly enjoyable evening.

Also, here is the final result from their site:

NOVEMBER 14, 2011
Paul Krugman & David Rosenberg vs Lawrence Summers & Ian Bremmer
Be it resolved North America faces a Japan-style era of high unemployment and slow growth.

PRE-DEBATE
PRO: 56% CON: 26% UNDECIDED: 18%

POST-DEBATE (PRELIMINARY) PRO: 55% CON: 45%

]]> Comment on Munk Debates | Krugman, Rosenberg / Summers, Bremner debate in Toronto by M.A.Rasool http://thebankwatch.com/2011/11/14/munk-debates-krugman-rosenberg-summers-bremner-debate-in-toronto/#comment-32104 Tue, 15 Nov 2011 15:19:46 +0000 http://thebankwatch.com/2011/11/14/munk-debates-krugman-rosenberg-summers-bremner-debate-in-toronto/#comment-32104 I need to know what was the final result of the debate

]]> Comment on Two telling announcements on jobs creation from US & Canada by srujana http://thebankwatch.com/2011/10/07/two-telling-announcements-on-jobs-creation-from-us-canada/#comment-32101 Tue, 15 Nov 2011 12:51:21 +0000 https://bankwatch.wordpress.com/2011/10/07/two-telling-announcements-on-jobs-creation-from-us-canada/#comment-32101 i need a jod plz rply me soon plz……………………

]]> Comment on Munk Debates | Krugman, Rosenberg / Summers, Bremner debate in Toronto by j mac http://thebankwatch.com/2011/11/14/munk-debates-krugman-rosenberg-summers-bremner-debate-in-toronto/#comment-32098 Tue, 15 Nov 2011 03:20:21 +0000 http://thebankwatch.com/2011/11/14/munk-debates-krugman-rosenberg-summers-bremner-debate-in-toronto/#comment-32098 Great summary! You may have missed Rosenberg mentioned under employment and also that real unemployment in US is 18 per cent. One also said ,Krugman I believe that the occupy movement had a positive effect in getting job creation on the agenda.

]]> Comment on Bank Transfer Day by ‘Bank Transfer Day’ campaign boosts local credit unions (From France24 international) | euzicasa http://thebankwatch.com/2011/11/05/bank-transfer-day/#comment-32007 Sun, 06 Nov 2011 20:18:29 +0000 https://bankwatch.wordpress.com/2011/11/05/bank-transfer-day/#comment-32007 [...] Bank Transfer Day (thebankwatch.com) [...]

]]> Comment on Groupon pulls off a $700 million launch / $13 Bn valuation by thousandNews http://thebankwatch.com/2011/11/03/groupon-pulls-off-a-700-million-launch-13-bn-valuation/#comment-32003 Sun, 06 Nov 2011 03:08:38 +0000 https://bankwatch.wordpress.com/2011/11/03/groupon-pulls-off-a-700-million-launch-13-bn-valuation/#comment-32003 Hello there, just required you to know I he added your website to my Google bookmarks due to your layout. thanks for amazing works!

]]> Comment on Krugman on the real point of OccupyWallStreet by [省思] chenglap: 拒奢侈、不出國 日出現「嫌消費世代」？ « 林德貝克的贈言 Patrimoine de Lindbeck http://thebankwatch.com/2011/10/10/krugman-on-the-real-point-of-occupywallstreet/#comment-31970 Thu, 03 Nov 2011 04:39:58 +0000 https://bankwatch.wordpress.com/2011/10/10/krugman-on-the-real-point-of-occupywallstreet/#comment-31970 [...] Krugman on the real point of OccupyWallStreet (thebankwatch.com) 42.200022 -87.881527 Évaluez ceci : Share this:LinkedInTwitterFacebookStumbleUpon"Aimer" ceci :"J'aime"Soyez le premier à aimer ce post. [...]

]]> Comment on No-one is sleeping in Bank HQ’s tonight by how to make money http://thebankwatch.com/2011/11/01/no-one-is-sleeping-in-bank-hqs-tonight/#comment-31963 Wed, 02 Nov 2011 17:06:02 +0000 https://bankwatch.wordpress.com/2011/11/01/no-one-is-sleeping-in-bank-hqs-tonight/#comment-31963 very nervous times ahead for everyone involved, not just the stakeholders and the shareholders……………

]]> Comment on Is the Greek debt haircut really a victory? by Randoms of the weekend « Foseti http://thebankwatch.com/2011/10/27/is-the-greek-debt-haircut-really-a-victory/#comment-31940 Tue, 01 Nov 2011 01:10:45 +0000 https://bankwatch.wordpress.com/2011/10/27/is-the-greek-debt-haircut-really-a-victory/#comment-31940 [...] Bankwatch: The inconvenient truth is that modern banks lie in dangerous economic shadow zone that is part government and part commercial company. [...]

]]> Comment on Economics fails to resolve exceptions to the rule by Economics fails to resolve exceptions to the rule | Online Internet Banking http://thebankwatch.com/2011/09/06/economics-fails-to-resolve-exceptions-to-the-rule/#comment-31882 Thu, 27 Oct 2011 05:03:42 +0000 https://bankwatch.wordpress.com/2011/09/06/economics-fails-to-resolve-exceptions-to-the-rule/#comment-31882 [...] Source: http://thebankwatch.com/2011/09/06/economics-fails-to-resolve-exceptions-to-the-rule/ [...]

]]> Comment on Deutsche Bank’s chief executive has said he may have to consider cutting costs in a stark warning by Deutsche Bank?s chief executive has said he may have to consider cutting costs in a stark warning | Online Internet Banking http://thebankwatch.com/2011/09/05/deutsche-banks-chief-executive-has-said-he-may-have-to-consider-cutting-costs-in-a-stark-warning/#comment-31848 Tue, 25 Oct 2011 17:05:11 +0000 https://bankwatch.wordpress.com/2011/09/05/deutsche-banks-chief-executive-has-said-he-may-have-to-consider-cutting-costs-in-a-stark-warning/#comment-31848 [...] Source: http://thebankwatch.com/2011/09/05/deutsche-banks-chief-executive-has-said-he-may-have-to-consider-c... [...]

]]> Comment on An important new analysis of global corporate ownership demonstrates US and European banks have largest concentration by Should We Worry About French Banks? « French News Online Blog http://thebankwatch.com/2011/10/22/an-important-new-analysis-of-global-corporate-ownership-demonstrates-us-and-european-banks-have-largest-concentration/#comment-31822 Mon, 24 Oct 2011 16:38:11 +0000 https://bankwatch.wordpress.com/2011/10/22/an-important-new-analysis-of-global-corporate-ownership-demonstrates-us-and-european-banks-have-largest-concentration/#comment-31822 [...] An important new analysis of global corporate ownership demonstrates US and European banks have larg… (thebankwatch.com) // If you enjoyed this post, make sure you subscribe to our RSS feed! [...]

]]> Comment on An important new analysis of global corporate ownership demonstrates US and European banks have largest concentration by Jim Smyth http://thebankwatch.com/2011/10/22/an-important-new-analysis-of-global-corporate-ownership-demonstrates-us-and-european-banks-have-largest-concentration/#comment-31773 Sat, 22 Oct 2011 19:35:46 +0000 https://bankwatch.wordpress.com/2011/10/22/an-important-new-analysis-of-global-corporate-ownership-demonstrates-us-and-european-banks-have-largest-concentration/#comment-31773 If i were a Chinese creditor of Europe and the UK, this is what I would want.

]]> Comment on Bank of America looking increasingly vulnerable by An important new analysis of global corporate ownership demonstrates US and European banks have largest concentration « The Bankwatch http://thebankwatch.com/2011/10/19/bank-of-america-looking-increasingly-vulnerable/#comment-31771 Sat, 22 Oct 2011 16:59:08 +0000 https://bankwatch.wordpress.com/2011/10/19/bank-of-america-looking-increasingly-vulnerable/#comment-31771 [...] and specific to their bank.  Bank of America with its enormous iceberg of bad debts and derivative liability springs to mind.  The difference with Lehmans was they were not trusted and that was why they [...]

]]> Comment on This Time is Different–McKinsey interview with Kenneth Rogoff by Banks prepare for the impacts of sovereign debt write offs in Europe « The Bankwatch http://thebankwatch.com/2011/10/20/this-time-is-differentmckinsey-interview-with-kenneth-rogoff/#comment-31768 Sat, 22 Oct 2011 14:00:33 +0000 https://bankwatch.wordpress.com/2011/10/20/this-time-is-differentmckinsey-interview-with-kenneth-rogoff/#comment-31768 [...] http://thebankwatch.com/2011/10/20/this-time-is-differentmckinsey-interview-with-kenneth-rogoff/ Rate this: Share:LinkedInFacebookStumbleUponTwitterEmailPrintLike this:LikeBe the first to like this post. [...]

]]> Comment on Who would lose money in a bank liquidation? Take a guess … by Banks prepare for the impacts of sovereign debt write offs in Europe « The Bankwatch http://thebankwatch.com/2011/10/10/who-would-lose-money-in-a-bank-liquidation-take-a-guess/#comment-31767 Sat, 22 Oct 2011 14:00:32 +0000 https://bankwatch.wordpress.com/2011/10/10/who-would-lose-money-in-a-bank-liquidation-take-a-guess/#comment-31767 [...] http://thebankwatch.com/2011/10/10/who-would-lose-money-in-a-bank-liquidation-take-a-guess/ [...]

]]> Comment on The Great Unwinding is coming closer to the Endgame by Banks prepare for the impacts of sovereign debt write offs in Europe « The Bankwatch http://thebankwatch.com/2011/10/13/the-great-unwinding-is-coming-closer-to-the-endgame/#comment-31766 Sat, 22 Oct 2011 14:00:30 +0000 https://bankwatch.wordpress.com/2011/10/13/the-great-unwinding-is-coming-closer-to-the-endgame/#comment-31766 [...] http://thebankwatch.com/2011/10/13/the-great-unwinding-is-coming-closer-to-the-endgame/ [...]

]]> Comment on Paypal share their vision for shopping by TheXbuy http://thebankwatch.com/2011/09/16/finextra-share-their-vision-for-shopping/#comment-31760 Sat, 22 Oct 2011 06:30:03 +0000 https://bankwatch.wordpress.com/2011/09/16/finextra-share-their-vision-for-shopping/#comment-31760 What a web side you have at this time. You have a authentic skill for making a site clear and painless on the subject of the eyes. A number of sites emerge similar to train wrecks, excluding not this 1 – it is a joy to hear. Don\’t have calculate to discover every one the content pieces acceptably at this point, I set up your web place little sharp in support of something besides on Yahoo. Nevertheless I\’ve bookmarked your homepage and can chance to it evenly to consider what\’s pristine

]]> Comment on “Global growth fears sink world stocks” | most negative article on the world economy for a while by ?Global growth fears sink world stocks? | most negative article on the world economy for a while | Online Internet Banking http://thebankwatch.com/2011/09/22/global-growth-fears-sink-world-stocks-most-negative-article-on-the-world-economy-for-a-while/#comment-31680 Wed, 19 Oct 2011 17:09:37 +0000 https://bankwatch.wordpress.com/2011/09/22/global-growth-fears-sink-world-stocks-most-negative-article-on-the-world-economy-for-a-while/#comment-31680 [...] Source: http://thebankwatch.com/2011/09/22/global-growth-fears-sink-world-stocks-most-negative-article-on-th... [...]

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