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We parentheses in this to emphasize that the statements made earlier this month by former President Kirchner on the legal uncertainty in the core countries in which there was the financial crisis are, in our view, profoundly mistaken. The reasons for the risks do not have to do with legal certainty, otherwise there would never be this . Have other reasons to do such, with respect for legality. laws can not be applied retroactively, contracts can not be altered unilaterally and without the right to claim, the laws can not be canceled as if they had existed or expropriations are possible under sentence based on law and previously compensated. If someone buys bonds and then loses money because it lowers its price, this is a risk inherent in the operation, and no legal uncertainty. Since no one seems to have occupied much of the statements discussed and seem very serious, is that we make this brief clarification.
Argentina is a quagmire in terms of legal certainty, to the point that the head of the Cabinet of Ministers has just ignored a court order on the grounds that the order was unconstitutional. Become a minister appellate court. The anger and the diatribes against a U.S. official are indescribable poignancy since they only try to kill the messenger, which of course has not acted on its own initiative, but what he said has been said many times before now reports of all types and color. And that the country offers no guarantee of anything is a reality that we have grown tired of repeating. Nothing is res judicata in Argentina, gentlemen.
In November, the primary public spending has grown no less than 37%. A frightening figure that does not fit all in the political and economic reality of a country devastated by the lack of investment.
The expectation is precisely not to cut spending. The recent sanctions of new taxes, moratoriums and bleaches point to raise more money to keep spending. It is obvious that nevertheless is not enough.
Some subsidies will be reduced or disappear, as has been happening. Even at the cost of disparate rate increases.
The Argentine government has appropriated funds of the administrators, the current collection of those who had freely chosen to continue in the mixed system (State -AFJP). Has enacted new taxes to technology. Has just approved a payment plan for tax and pension obligations between January 2008 and October 2009. And the next day passed a new facilities plan for tax advances, which were not included in the plan the previous day.
Meanwhile, the extra passive class receives one-time allocations are given universal child and tries to ingratiate himself with the large number of population is under the poverty line handing out gifts.
believe this will continue in the same line. It is possible that inflation is well over 20% in 2010. Perhaps the GDP grows (or rather, reclaim) 3 or 4%, which is the estimated fall 2009. That percentage in an international friendly with the excess liquidity in the world at ridiculous rates, is really insignificant.
The country will not burst in 2010 (except some barbaric type Resolution 125, you never know with these people). The international framework, although our view is still in crisis, is far more favorable than it was a few months ago.
Announced investments in oil exploration and also provides review plans to encourage consumption. At the same time, from the Ministry of Internal Trade is trying to fix prices and likely to close more exports, while continuing seamless import difficulties in order to ensure a trade surplus.
The provision of central bank reserves by a decree of necessity and urgency has provoked lively, a rise in government securities at the prospect of an assured collection . But at the same time has meaning (a) an enslavement to the Central Bank autonomy, (b) the insistence on using NUD while Congress is in recess and therefore can not endorse or reject the measure, (c) evidence that the Argentine State is not able to guarantee payment by the fiscal surplus or new financing.
is obvious that the use of such reserves reduces the quality of the local currency, which is the person who, together with Lebacs (totaling about 15,000 million dollars). The name freely available in any way is appropriate, because the state securities given in exchange for 10 years which aims to guarantee to the Central Bank the return of such funds. Thus, currently 44% of the assets of the entity are securities. And all these operators are well aware.
At the international level but there are many who argue that the worst of the crisis has passed , the truth is that the stimulus to consumption and credit make a reality that can only lead the creation of a new bubble. In our opinion, the crisis has passed and far enough to do so. not pretend to be naysayers, but realistic. While interest rates are set artificially virtually zero for the dollar, the debt in that currency will grow and with it prices will rise and bonds, thus forming the impression that everything is better in the world, when in fact such an improvement is that the authorities (especially American) facilitate borrowing at rates that do not correspond to market risk, which is exactly what happened to the famous crisis mortgages.
Our government is desperate to access credit, if only at a rate of about 9 or 10% in dollars, but this should resolve the delayed agreement with the Paris Club, the situation of so-called hold outs and even fix many with the IMF. And, like it or not, is trying to do. With this test, if anyone could fit any doubt that the policy of the celebration of the little hair to the field of debt can only lead to ostracism. And that lack of investment in Argentina, not the result of cuckoos from various sources to try to sink, but our own laziness and immorality by not honoring the credit.
Kirchner The Lavagna or made fun of the world and in parallel at the National Congress did that fateful afternoon when Adolfo Rodriguez Saa, in as President of the Nation announced the default to the cheers of all present, they were happy not to honor the debts for the next day, back to give sermons to the ordinary. Today is Nestor Kirchner repeated to anyone who will listen to the renegotiation of debt made us save you U.S. $ 67,000 million. Is that appropriate what is not for us for some is in fact save money. But all this we are paying more than, in the absence of credit, in the absence of investment, given the lack of credibility at all levels and in the world.
We have almost 10 years without investment of stem in Argentina. The state has eaten assets, literally. Lowered the oil and gas reserves are on the brink of collapse in electric energy. Have been emptied retirement savings (again, as in the years 50), have liquid savings of the unwary who believed in the system. Capital flight has been a constant in the last two years.
government ads have been so many and one is forgotten. And none came to fruition. Since home loans or cars or washing machines and cookers. Or bike. From incentives to SMEs from the Banco de la Nacion to various enterprises and cooperatives. Everything. They have tried everything. And we believe will continue in that line. Now it seeks to do business, so dinner at Olives. YPF to invest, invest some industrial invest the supermarket. Ultimately, unless you change something in governmental conception, based on the arbitrary and the press, it is difficult to achieve anything other than an investment from friends, but through subsidized government loans and tax related benefits .
really regret conveying the reality in these terms. But that's what we sincerely believe and try to substantiate. We hope, at least, be wrong.
Source: Hector Studio B. Trillo
is true that the "war for talent" is no longer relates only to prestigious local and international headhunting.
The international crisis has forced in part to professional jobs in both companies and consultants have to reinvent new ways to address their search for talent in a market like the current recession and reluctant to major changes.
recruitment channels such as publishing a notice in the newspaper and some application sites online, sometimes not enough to satisfy demands for specific searches (technical specialists, etc.) of those firms that continue to bet on the incorporation of talent.
Even the same refined databases of large executive search firms in Argentina, and are no guarantee of success to entice key resources in the organizations, who despite being approached and tempted with challenging opportunities, choosing to step today on safe ground.
The key is to know not only selectively and strategically choose the most effective channels for each type of profile (for more informal and offenders to appear) but also become skilled builders and developers in our network.
For that to happen, it is useful to consider some aspects:
R esearch: It is very important to who should be responsible explore in depth the process industry for which you working and what are the main players in the market both locally and internationally.
To do this you can go to magazines, Internet search engines and even consult with key people in any of the companies in question, thus making business and understand the "players" before the formal launch of the search.
N etworking: some social and professional networks have now become essential tools of free and highly effective in identifying who is who within each company. Become skilled divers of them is a must as knowing how to use sites like LinkedIn, for example, we provide powerful search filters to feed our database.
However, we believe that the construction of networking should be seen as a larger task, deeper and more strategic, and requires of us, men and women Human Resources, develop skills and take actions that are often left in the background, occupied by the urgent.
need more than ever to strengthen our dual role of consultants and ambassadors of our businesses. Lateral thinking through, be careful and know that any contact and any time can be a key opportunity to strengthen our branding, to introduce our company and / or identify a potential resource for our organization.
participate in forums, meetings and exhibitions linked to our expertise and business, accepting interviews courtesy we request, recommend to the talented, communicate, listen, observe, and knit ... knit ... knit.
T hink well, straight talk, and think some key references from the world of consulting and business executives also important. Once you have passed the first stage to identify the candidate, the second phase, and no less critical than the previous one, is to have the proposal and captivates the interest of his partner.
Know that these people have been identified in many cases as high potential by their employer, are satisfied with their current situation and are not always open and flexible to hear what you have to tell you.
is important to be clear, transparent and assertive in the information you provide and to communicate the most accurate and concisely the project for which they were summoned. Keep
to reach numerical indicators to account for the magnitude of the proposal (number of employees is the employer, annual turnover, etc.) and other basic data of interest as to transmit the company culture , their values, why is created the vacancy and what career path a priori taken into account in the development of this resource within the organization.
RNT surely as the process is longer but question is more strategic and effective. There is no point spending hours reading resumes that are far closer to their needs can become an expert yourself builder networking.
Source: www.direcciona.com
For now, the parameters that will contain the score ranges are other aspects to be polished by the INV. The truth is that each firm behavior will be categorized using the colors of a stoplight in a green channel (equivalent to an "approved"), a yellow (due to tighter control of offenses recorded) or red (maximum control level of fouling, and hence the lower rating range), "The goal is to develop the intelligence needed to control the genuineness of the products and their suitability for consumption.
Currentlyarguably most cases are in yellow channel, but the goal is that by 2020, and wineries are not in a red channel, "said the president of INV, Guillermo García.
What amount and what remains
Although values \u200b\u200bto rank better or worse do not know, some of the guidelines to be taken into account relate to what they control inspectors in each facility inventory (books, practices and use of legal products processing time, etc.) and compliance (or not) of the proceedings of rigor required by INV (such as affidavits of stocks, for example). One difference is that from January to February 2010 when the parent is ready computer with information about each winery will not only fines, but the recent behavior merituará to strengthen the penalties if necessary.
By contrast, persons who can prove everything "rule" will be in the best channel group or the green, they mean a more basic type of control and less paper. To achieve this qualification, beyond compliance with the requirements, add additional points wineries apply GMP (Good Manufacturing Practice) or a favorable human resource management (better working conditions in general).
also the future system, as in football, includes a table of descent and ascent. "If a winery located in the green channel is detected a major infraction obviously could not continue in that range," said Garcia. On the other hand, a handbook with facts of recidivism, according to the severity of each violation, also will have "significant weight," Garcia said. As a preliminary step, in November, will enable the link "My stocks" on INV's website, for any third party to check the volume of grapes to a winery entered and liters of wine a result. The INV is awaiting approval of an IDB loan of U.S. $ S 10 million, of which U $ S 9 will the so-called "Modernization Project Technical-Operative." Money to be invested in building more delegations and mobile laboratories across the country.