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jerryking : credit   12

UNPRECEDENTED VOLATILITY A HALLMARK OF AGRICULTURE’S NEW AGE
* Have a plan for the future – perhaps a surprise to some, but many farmers don’t have a plan in place that paints a vision for where they want to take their operation over the next 2, 5 and 10 years.
• Have credit in place before it is actually required – it is human nature to leave things to the last minute.
• Implement a sound hedging strategy – in addition to the system of crop insurance in place in this country, there are many ways that Canadian farmers can take actions to manage their risk. Diversifying into new businesses is one example.
• Well-managed risk can pay off – at the same time, taking on some risk that is prudent and ts the risk pro le of the farming operation can pay off handsomely for farmers. In such a volatile and fast paced environment, there are bound to be some buying and selling opportunities that open up. Knowing when to take advantage of them can separate successful farms with those that muddle along.
• Know your costs – many producers have a good sense of how their top line is performing. But it is just as impor-tant to have a good understanding of the cost side of the equation.
• Maintain adequate liquidity and reasonable leverage – in order to mitigate the risks associated with increasing asset prices, it would be prudent for farmers to ensure that they have sufficient liquidity and manageable leverage if they are expanding.
• Use reasonable interest rate assumptions in assessing investment opportunities – even though borrowing costs are unusually low, farmers must be mindful of the fact that this low-rate environment won’t last forever.
agriculture  uncertainty  volatility  farming  liquidity  leverage  hedging  futures_contracts  diversification  new_businesses  risks  risk-management  risk-taking  OPMA  WaudWare  interest_rates  vision  long-term  never_forever  business_planning  credit  costs  anticipating  risk-mitigation  low-interest  cost-consciousness 
may 2012 by jerryking
Trust in Poor Built Consumer Empire For Israeli Brothers - WSJ.com
August 20, 2004 | WSJ | By MIRIAM JORDAN.

Credito Hispano
Trust in Poor Built Consumer Empire For Israeli Brothers
At La Curacao in Los Angeles, Newcomers Get Homey Air, Often a First Charge Card
Sending a Stereo to Guatemala
Israeli  immigrants  customer_loyalty  Hispanic_Americans  credit  credit-ratings  credit_cards  creditworthiness  credit_scoring  La_Curacao  retailers 
april 2012 by jerryking
High net worth families using credit in innovative and strategic ways - The Globe and Mail
A Special Information Feature brought to you by
RBC Wealth Management
High net worth families using credit in innovative and strategic ways
Published Monday, Oct. 31, 2011 1:20PM EDT
Last updated Thursday, Nov. 03, 2011
CAFE  high_net_worth  credit  due_diligence  wealth_management  RBC 
november 2011 by jerryking
Tracking China's Consumers - WSJ.com
MARCH 2, 2004 | WSJ | By KATHY CHEN and JAMES T. AREDDY.

Soaring Personal Debt Triggers Need for Credit-Check System.

With Chinese rushing in ever-greater numbers to buy on credit, banks and businesses are making their own dash into the credit-reporting industry.

With loans available to purchase everything from cars to homes to computers to a college education, growth in consumer lending has kept to a pace of about 50% in each of the past two years, far faster than the annual rise in total bank lending. In 2003, personal-credit lending totaled 1.56 trillion yuan, ($188.5 billion) more than 4.5 times the 2000 level. International companies are seeking to get in: China recently gave initial approval for General Motors Corp. and two other multinationals to offer auto financing, while credit-card giants such as Visa USA Inc. International and MasterCard International Inc. also are eyeing the market.

The problem is that without a national credit bureau or credit-check industry, lenders often know almost nothing about their borrowers. That has contributed to high default rates for both auto and student loans, now estimated to be as high as 30% in some areas of China, industry executives say....Now, some banks and companies are setting up their own credit-check systems, either for their own use or to sell to others.
consumer_credit  consumer_finance  China  credit  credit_cards  credit_management  credit_scoring  credit-analysis  credit-ratings 
november 2011 by jerryking
Interview: The cellphone anthropologist
11 June 2008 | New Scientist | by Jason Palmer.

How do phones fit in?
The common denominator between cultures, regardless of age, gender or context is: keys, money and,
if you own one, a mobile phone. Why those three objects? Without wanting to sound hyperbolic,
essentially it boils down to survival. Keys provide access to warmth and shelter, money is a very
versatile tool that can buy food, transport and so on. A mobile phone, people soon realise, is a great
tool for recovering from emergency situations, especially if the first two fail.

What uses surprised you?
In a country like Uganda, most mobile phones are prepay. What we saw was that people are using their
phones as a kind of money transfer system. They would buy prepaid credit in the city, ring up a phone
kiosk operator in a village, read out the number associated with that credit so that the kiosk operator
could top up their own phone, then ask that the credit be passed on to someone in the village - say,
their sister - in cash....

With this level of informal innovation going on, can you bring anything extra to the table?
I'm not going to give you the bland corporate answer - "we do this research and then six months later a
product drops off the factory line that perfectly reflects our vision" - because the world is much messier
and more interesting than that. But, for instance, we did a study on phone sharing in Uganda and
Indonesia, and within a year - which is really quick when you're talking about hardware changes - we
had two products out which support multiple address books,
Nokia  interviews  anthropology  mobile_phones  UX  prepaid  emerging_markets  Uganda  credit  Jan_Chipcase  ethnography  Indonesia  anthropologists  insights  new_products 
october 2011 by jerryking
Managing the Future Workplace? Start Here. - WSJ.com
SEPT. 19, 2010 | Wall Street Journal | By ALAN MURRAY. How
should managers behave in this new economic order? Key trends include:
trust in business being at an all time low; continued govt. involvement
in the economy; credit remaining hard to come by; U.S. consumers
sitting on their wallets; Asia will likely continue to rise, and
technological change will likely continue to accelerate. Stay flexible.
Devour data. Be (somewhat) humble. Communicate. Plan for contingencies.
Be proactive. Insist on candor. Stay involved. Keep your organization
flat. Cross-train your talent.Assess your team.Use your judgment.
managing_uncertainty  workplaces  Alan_Murray  technological_change  future  organizational_culture  flexibility  resilience  contingency_planning  cross-training  data  data_driven  proactivity  humility  candour  Asia  credit  consumer_spending  judgment  teams  accelerated_lifecycles  trends  trustworthiness 
september 2010 by jerryking
More Employers Are Conducting Credit Checks on Job Applicants - WSJ.com
MARCH 16, 2010 | Wall Street Journal | by KRISTEN MCNAMARA. Bad Credit Derails Job Seekers
job_search  credit_management  credit  consumer_credit  personal_finance 
march 2010 by jerryking
Easy Credit and the Depression - WSJ.com
MAY 5, 2009 | Wall Street Journal | by L. GORDON CROVITZ.
Judge Richard Posner's "A Failure of Capitalism: The Crisis of '08 and
the Descent into Depression". Explains behavior that looks irrational in
retrospect shows that it was logical, based on incentives at the time.
Prevention requires regulators with access to public and private
information to track systemic risk and clear, predictable rules for how
the Federal Reserve and other regulators would respond to various risk
situations.
L._Gordon_Crovtiz  economic_downturn  Richard_A._Posner  risks  book_reviews  credit  predictability  failure  U.S._Federal_Reserve  regulators  incentives  information  information_flows  irrationality  systemic_risks  causality  public_information  private_information  hindsight  rules-based 
may 2009 by jerryking
Bernanke's Bubble Laboratory - WSJ.com
May 16, 2008 WSJ article by Justin Lahart on the rise of
studying "bubbles"(manias) in housing, credit, tech stocks,
commodities at Princeton University
bubbles  Benjamin_Bernanke  commodities  credit  economics  equities  financial_history  history  housing  manias  Princeton 
january 2009 by jerryking

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