Archive | Globalization RSS feed for this archive

Pope Francis TED talk echoes Harvard Professor John Kotter on Leadership


Humility and Leadership Go Hand in Hand

There is a fundamental truth here. Pope Francis and the Harvard Business School are aligned.

Leave a Comment Continue Reading →

Jerks And The Start-ups They Ruin


Perhaps the premiere of Season 4 of “Silicon Valley” twigged me to share this post. but despite the title, the HBO series only connection may be the now viral “mean jerk time algorithm.” The real “Silicon Valley jerk” has been around for decades, buried with all the other dirty laundry. Uber’s Travis Kalanick has only brought it front and center at this moment. It is something of a conundrum as some of the jerks are also the most successful. We all now know about the “bad” Steve Jobs. Oracle for years had a very bad reputation that came directly from Larry Ellison himself. Microsoft was long known as a “sweatshop” with a highly negative culture led by Steve Ballmer. Even venture capitalists themselves have caught the disease as evidenced by Reid Hoffman and the late Tom Perkins of KPCB. The best assessment I have heard is that these aggressive unrestrained corporate cultures destroy their own goals. Or better yet, the saying that “culture trumps strategy.”

Continue Reading →

Vancouver Real Estate Foreign Money Laundering: Nothing Has Changed


Despite all of the revelations of the sources and methods of the Vancouver housing bubble over the last two years, the situation remains largely unresolved. Ditto in Toronto. The foreign buyers’ tax has had only a limited effect and has problems. Fueled by dark foreign money housed in anonymous offshore shell companies like those disclosed in the Panama Papers, the money is managed by local financial manipulators at the behest of unidentifiable persons overseas. The foreign buyers continue to enjoy the weakest enforcement jurisdiction in Canada

Continue Reading →

Canada’s Open Door to Tax Fraud, Money Laundering


How many shell companies exist in Canada? How many legal trusts? Who are the beneficial owners protected by such unnecessary veils of secrecy? No one knows because in most cases there is no legal requirement to disclose actual ownership even to regulators. In fact, more information is required to get a library card than to set up a company in most jurisdictions in Canada. What we do know is that Canada ranks near the bottom among our OECD partners in terms of corporate disclosure requirements to fight money laundering and tax evasion. A recent report from Transparency International detailed the dismal situation and why our country has become a haven for dubious offshore property speculation.

Continue Reading →

Uber Is Still Trump


UPDATE: This February 3, 2016 post on Uber deserves an update. This week Uber announced that it lost $800 Million in its 3rd quarter. That’s correct, $800 Million in only three months. The Uber announcement tries to spin the loss as good news for Uber as ” increased by only 25% over the third quarter last year. An $800 Million quarterly loss is right up there in the same league with Trump lost money. I guess we need to remember Trump’s admonition that debt is good, and it’s ok to lose other people’s money. Uber’s announcement goes on to project continuing losses projected to be greater than $3 Billion next year, as Uber continues its plans for an apparent IPO for brain dead investors.

Continue Reading →

Risk of Global Financial Contagion Is Growing


Wall Street is currently basking in a vigorous “Trump rally,” with the Dow rising more than 1000 points since the election. The rally is driven by analysts who are salivating over the future prospect of sweeping deregulation of many markets. But there is also chorus of concern from dozens of financial experts, that the global financial markets are “whistling in the graveyard,” acting in a classicly irrational manner. Experts cite a host of issues both financial and geopolitical, among them Trump’s intention to exit TPP, NAFTA, and the COP21 Climate Agreement. Combined with rising geopolitical tensions with China, North Korea, and Iran, a perfect storm of global uncertainty and instability is forming.

Continue Reading →

How to write to the Electoral College


Russian interference in the 2016 U.S. Presidential election has evolved into a genuine and unprecedented national crisis. The Electoral College meets December 19th. Over the years, the Electoral College has deteriorated into a quant rubber-stamp of each state’s elector outcome. Some states have even passed laws that prohibit electors from changing their votes. However, this is patently un-Constitutional and not the intent of The Founders. Alexander Hamilton wrote in the Federalist Papers that the intent was for the Electoral College to be a check on exactly the situation we are facing. Meanwhile, a group of electors has demanded that the CIA share its evidence with the Electoral College.

Continue Reading →

Chinese company Anbang Insurance to buy B.C. retirement home chain


Reading this article today, I am dumbfounded that Anbang managed to get this far in the purchase of B.C. commercial real-estate without red flags going up. This mysterious Chinese company, Anbang Insurance Group has attracted the attention of The New York Times, The Wall Street Journal, Forbes, Fortune Magazine, and government authorities in the United States and other countries. A months-long investigation by the New York Times revealed an extremely opaque structure, empty offices, obscure shareholders, and extensive political connections to the Chinese elite. Anbang has all the earmarks of Chinese money laundering, corruption at the highest levels, and mysterious shell companies. It is a cautionary tale for Canadian authorities fretting over foreign real-estate buyers and skyrocketing real-estate prices.

Continue Reading →

Boris Johnson is a clown who has united the EU against Britain


Britain can be proud of itself. Once again, it had already shown the world the way. In propelling Boris Johnson and Nigel Farage to triumph on 23 June, it demonstrated well before 8 November that Donald Trump was nothing new. In fact foolishness, vulgarity, inconsistency, and irresponsibility seem actually to be British inventions that have been painstakingly copied – once more – by the Americans. The age of such drab characters as Margaret Thatcher and David Cameron is over. No more, it appears, must we suffer leaders equipped with a brain and a sense of the common interest. The hour of the political clown has come.

Continue Reading →

The Collapse of the Trans-Pacific Partnership


The Trans-Pacific Partnership began modestly years ago with New Zealand and a few other southeast Asian countries and mushroomed into a Pacific regional plan as the cornerstone of Obama’s pivot towards Asia. It has attracted the ire of both left-wing progressives and now Donald Trump, who has announced his intention to cancel U.S. participation in TPP. The criticism has ranged from it being part of the New World Order conspiracy to loss of jobs, damage to the global environment, and a host of other issues. It is considered to be a crucial factor in the populist revolt against so-called “free” international trade, and the rise of protectionism. Regrettably, it will likely go ahead in some form, regardless, with China in the leadership role, not the United States. The probable consequences of this are grave

Continue Reading →