Stories from Quick Reads and Economics & Business
The World Bank has launched mapVIETNAM, an interactive map that shows various socio-economic indicators in Vietnam such as poverty rates, employment, and electricity connectivity. The photo above shows the number of households living on $2 dollars a day. Using the map, we can see that poverty rates are high in the northern and central parts of the country.
Internet Ombudsman Dmitry Marinichev has written a letter to President Vladimir Putin, proposing amendments to the new data retention law and suggesting that Russians’ personal data could be stored abroad with the permission of the owners.
Russian Legal Information Agency (RAPSI) reports:
Marinichev has proposed allowing foreign online companies to store Russians’ personal data in a country that is a signatory to the Council of Europe Convention for the Protection of Individuals with regard to Automatic Processing of Personal Data, according to Izvestia.
A total of 46 countries have ratified the convention, including Russia, the UK, France, Germany, Italy and Spain, as well as post-Soviet countries including Azerbaijan, Armenia, Georgia, Latvia, Lithuania, Moldova and Ukraine.
“We don’t want to lose global online services, which will be unable to operate in Russia unless the law is amended. I suggest that amendments be discussed with the expert community,” Marinichev said, as quoted by Izvestia.
The data retention law that requires social networking sites and foreign companies providing Internet services (like airline tickets and consumer goods sales) in Russia to store Russians’ personal data on servers inside the Russian Federation, will come into effect on September 1.
Five companies are said to have misappropriated funds for fighting Ebola in Sierra Leone:
Here are the 5 companies who were awarded the biggest contracts to provide goods and services to Sierra Leone’s ebola response as listed in the Ebola Funds Audit Report covering the period from May – October 2014. The following contracts did not meet the country’s procurement laws and policies and documentation to support the awarding of these contracts were missing, and unaccounted for. This makes it possible for fraud, waste, and misappropriation of funds to occur therefore crippling the nation’s ability to quickly respond to the crisis.
The team of Coconuts TV went to south Sumatra in Indonesia to document the impact of the burning of peatlands and forests to make way for the expanding palm oil plantations. The burning of forests in Sumatra is causing the displacement of endangered species in the island; and it also creates a deadly haze that affects Indonesia, Malaysia, and Singapore.
Rut Abrain Sanchez on her blog Esturirafi defines and identifies legal and volunteer product labels. Among the latter we find ecologic labels, “so manufacturers show us they are abiding by a series of requirements and for the consumer to be able to identify products environmentally more sustainable”.
There are Type I, Semi-type I, Type II and Type III ecolables. Abrain Sanchez mentions the first two of them, the most common:
Ecoetiquetas (Tipo I). Son sistemas voluntarios de etiquetado ambiental que identifican y certifican de forma oficial que los productos que la llevan tienen un menor efecto sobre el medio ambiente.
Etiquetado semi-tipo I. Estas ecoetiquetas suelen pertenecer a organizaciones sociales, asociaciones sectoriales, agrupaciones de empresas fabricantes, etc. cuyo principal objetivo es conseguir que la mayor cantidad de productos posibles se certifiquen bajo su sistema, para lograr el mayor reconocimiento posible por parte de los consumidores.
Dentro de este tipo se encuentran las etiquetas de agricultura ecológica, pesca sostenible, consumo energético, uso de madera (FSC, PEFC), productos textiles… Las que solemos encontrar en muchos productos que compramos a diario. A partir de hoy te vas a fijar mucho más :-)
Ecolabels (Type I). a volunteer system of environmental labelling that officially identifies and certifiies that products bearing it have a lesser effect on the environment.
Semi-type I label. These ecolabels usually belong to social organizations, sectorial associations, groups of manufacturing firms, etc. with the aim of having the most possible products certified under this system, to achieve that most consumers recognize the products.
This type contains labels from ecologic farming, sustainable fishing, energetic use, wood (FSC, PEFC), textile products… We find these labels in many products we purchase on a daily basis. From now on, you'll sure look more in depth at labels :-)
The economic gap appears to be widening in Bermuda and one blogger has been paying attention. A week ago, after the Bermuda Telephone Company announced that it was considering introducing new – and more expensive – residential high speed broadband internet products and a high-end restaurant launched a $1000 per plate “private dining experience”, BeachLime.com noted that “the disconnect between big-ups and the common man remains steadily high.”
In a follow-up post at the beginning of this week, the blogger suggested that “once again, the less well off have to make up the slack.” He was referring to the government's decision to increase bus and ferry fares in an effort to take a bite out of the national debt, saying that it has “the undesired effect of targeting the people least able to handle further dents to their savings or earnings”:
Yes, on the surface it's probably not a substantial cut; a 5 dollar increase in a book of 15 tickets isn't a killer move, but when it comes to who gets to pay more, think about it. Who catches buses on a regular basis in Bermuda?
According to the blogger, the rate hike will have the greatest impact upon students, the elderly, the disabled and low income earners:
The people who are more likely to be able to afford a small dent in their earnings are the ones less likely to use that service!
Sad situation all around. Meanwhile the politicians continue to find ways to inconvenience Bermudians just a little bit more, every time.
Do you know Kenyan technology companies that got funded in 2014? Erik Hersmann lists them in this blog post:
Early stage capital
Angani – Public cloud computing provider
BRCK – Rugged, wireless WiFi device
CardPlanet – Mobile money payment system aimed at business and NGOs
iProcure – Software for optimizing rural supply chains
OkHi – Physical addressing system for logistics solutions
Sendy – Motorcycle delivery service
Tumakaro – Diaspora driven education funding
Umati Capital – Factoring for farmer cooperatives, traders and processors
GoFinance – Working capital finance to distributors of FMCGs
BuyMore – Electronic student discount card
TotoHealth – SMS technology for children’s health
BitPesa – Bitcoin for African remittances
Oilnews Kenya has been ranked as top blog in Africa on matters oil and gas, Kachwanya reports:
The website recently launched as first of its kind in Kenya aiming to give Kenyans insight in the oil and gas industry opening up information platform for explorers, investors and stakeholders in the sector.
Following increased interest from investors in the oil and gas sectors with a number of discoveries in Kenya, Uganda, Tanzania and Mozambique that has seen the East African region now named the new oil frontier, Kamau Mbote founder of Oilnewskenya saw it fit to give exposure to the latter as well as provide Kenyans more information on the sector.
The website has been ranked 22 globally and 1st in Africa with a Visibility of 58%, Engagement of 41% and relevance rating at 100% according to a research by Inkybee a renown research company.
Bizarro's website aims to provide support to “entrepreneur parents, with children and no time, this is, people who are responsible for their lives”. There is no age, gender, condition, let alone religion that may prevent someone to become an entrepreneur, claims the interviewee and discusses the advantages of online entrepreneurship:
La primera, como he adelantado en la primera pregunta, el coste: hace 15 años invertí 20.000€ e hipotequé mi vivienda ¡hoy no lo haría ni loca!
La segunda, el estilo de vida: con una simple conexión a internet y un ordenador puedo trabajar desde cualquier lugar ¡La bomba! Una herramienta vital para la conciliación laboral.
La tercera: el efecto palanca. Me explico, con un simple artículo puedes conseguir 1000 visitas en una semana, o incluso en un día. Eso era algo impensable en la era analógica. ¡¡Ni los mejores comerciales!!
The first one, as I've already mentioned on the first question, the cost: 15 years ago, I invested 20.000€ and got a mortgage on my house. Today, this wouldn't even cross my mind!
The second one, lifstyle: with a simple connection to the Internet and a computer, I can work from anywhere. Great! A vital tool for conciliation.
The third one: the lever effect. This is, with a simple piece, you can get 1000 views in a week, or even in a day. This was inconceivable in the analogic era. Not even the best commercials!!
On a review of what is going on with Colombian economy, Daniel Bustos writes on his blog Trayectoria Económica an analysis of what he calls ‘skinny cows’ or lean times.
Although the economy is still standing thanks to public and private investment and the construction industry, the oil barrel price is lower and tax evasion hasn't stopped. Enough problems, as to wonder: ¿Is the government aware of this situation? Bustos answers:
Parece ser que no, o por lo menos quieren disimular la cuestión a cualquier precio, [...] ¿Que pasa en la economía colombiana si el precio del petróleo sigue cayendo? El país depende demasiado del petróleo, eso se puede observar claramente en las proyecciones de ingresos para los próximos años donde se situaba el precio del petróleo cercano a los 100 dólares para lo cual, con base en esto se realizaron las proyecciones de presupuesto para el mediano plazo pero con las recientes fluctuaciones del precio del crudo dichas proyecciones deben ser re-diseñadas, y los ingresos faltantes deben ser buscados de alguna parte; aunque por otro lado si el precio del dólar sigue subiendo como lo esta haciendo en este momento, sería interesante saber si este aumento de alguna forma ha amortiguado este déficit o incluso los lograra cubrir, desafortunadamente esto solo lo dirán los mercados.
Apparently, it isn't so, or at least they want to hide the issue, whatever the cost [...]. What will happen with Colombian economy if oil prices keep going down? The country relies too much on oil, as we can clearly observe on the income projections for coming years, where the oil price was close to 100 dollars, and over that base, budget mid-term projections were made, but with recent fluctuations in the crude oil, those projections should be redesigned and the income shortage should come from somewhere else. Although on the other hand, if the dollar keeps increasing as it's doing, it'd be interesting to know if this increase has somehow softened the deficit or will even cover it. Unfortunately, only market will tell.