There’s no question that the US is in trouble. 50% of the US mortgage banks do not run under Federal control – no further comment on this.
The car industry is one of the industries that obviously has been hit hardest after the banks. Europe and the rest of the world can feel it and the situation will worsen. With the car industry a range of drive by wire suppliers and other related businesses will suffer.
The ICT industry in general will suffer, this time, unlike after the millennium, it is those companies that so far have been immune to new economy stuff. Austria’s ICT industry has quite a share in industrial ICT on an international level.
But, and that’s my point, if we all scream crisis, we will of course have one.
Continue reading ‘A Crisis is a Crisis is a Crisis – or is it?’
This post is somehow a free analysis of my observations, and you, dear readers and bloggers, can verify together with me if my observations and conclusions apply.
Recently I commented IBM CEE’s move from Vienna to Prague. I said that this move has no reasonable background, as the Czech Republic is no low-cost low-wage country anymore and if IBM wants growth, why not go to Russia right away.
At the same time it was announced that Siemens rail vehicles is closing down in Prague. No tit-for-tat feelings. Everybody who has his/her eyes open can see that classical production moves east.
Yesterday I attended an event where one of Austria’s top ICT researchers, Bruno Buchberger (one of the top three worldwide in Symbolic Computation) presented his new master studies program mainly targeted to foreigners as in Austria they do not have enough top qualified computer science students.
Continue reading ‘Are we trapped in a vicious loop?’
The issues of “thinking and acting locally” have taken a back seat in the UK Government’s drive for regional democracy and representation in England. While London and a handful of other cities have opted for directly-elected Mayors, there’s been little appetite elsewhere for measures that are widely-perceived to constitute increased bureaucracy rather than increased service and accountability.
It’s interesting and refreshing then to see businesses voting at a local level to increase the taxes they pay ( a 1% increase on their business rates - a method by which local authorities levy an ‘open for business’ tax upon businesses in their area) - in return for increased services. Continue reading ‘Businesses vote to pay more tax for services: local issues’
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