Brain Disorders Cost euro 3 Billion a Year in Ireland
The total cost of brain disorders in Ireland per year is e3 billion, representing three per cent of gross national product, and a cost of e775 per citizen, new research has found.
The study was conducted by the European Brain Council (EBC) to estimate prevalence and cost of the 12 leading disorders encountered in neurology, neurosurgery, and psychiatry. The disorders selected for the study were: addiction, affective disorders, anxiety disorders, brain tumours, dementia, epilepsy, migraine and other headaches, multiple sclerosis, Parkinson’s disease, psychotic disorders, stroke and trauma.
Big problem, big opportunity
Friday, August 17, 2007
Thursday, August 16, 2007
Iran-Iraq Trade Amounts to US $ 2 Billion
Iran-Iraq Trade Amounts to US$2 Billion
Aug 2007, Al Bawaba
Iranian Ambassador to Baghdad Hassan Kazemi Qomi said that Iran-Iraq trade exchange amounts to US$2 billion of which 97 percent is Iran's exports to Iraq.
Kazemi Qomi told IRNA that trade cooperation between the two countries is turning into bilateral economic ties. According to him, the project on Baghdad power plant with a capacity of 300 megawatts is to be implemented under a US$150 million contract. Qomi added Iran is conducting feasibility studies on two pipeline projects in order to transfer 350,000 bpd of oil and derivatives from Basra to Abadan.
Interesting to note that Iran contributes 97% of the trade - hmmm...essentially Iran-Iraq trade is Iran trade to Iraq. Is this a pointer of things to come? Will Iraq become more and more of Iran?
These statistics should also make US realise how foolish it will be not to involve Iran when trying to figure out a way to make Iraq stable. Yeah, these two countries do not like each other, but which is better for the US? - Losing thousands of more priceless American soldiers' lives or losing face and admitting that Iran is possibly the most important power player in that region?
You figure.
Aug 2007, Al Bawaba
Iranian Ambassador to Baghdad Hassan Kazemi Qomi said that Iran-Iraq trade exchange amounts to US$2 billion of which 97 percent is Iran's exports to Iraq.
Kazemi Qomi told IRNA that trade cooperation between the two countries is turning into bilateral economic ties. According to him, the project on Baghdad power plant with a capacity of 300 megawatts is to be implemented under a US$150 million contract. Qomi added Iran is conducting feasibility studies on two pipeline projects in order to transfer 350,000 bpd of oil and derivatives from Basra to Abadan.
Interesting to note that Iran contributes 97% of the trade - hmmm...essentially Iran-Iraq trade is Iran trade to Iraq. Is this a pointer of things to come? Will Iraq become more and more of Iran?
These statistics should also make US realise how foolish it will be not to involve Iran when trying to figure out a way to make Iraq stable. Yeah, these two countries do not like each other, but which is better for the US? - Losing thousands of more priceless American soldiers' lives or losing face and admitting that Iran is possibly the most important power player in that region?
You figure.
Brazil's Petrobras to Invest Billions in Production, Exploration, Biofuels
Brazil's Petrobras to Invest Billions in Production, Exploration, Biofuels
August, 2007 - AP
Rio de Janeiro, Brazil: State-run oil company Petroleo Brasileiro SA, or Petrobras, said Tuesday it plans investments of US$112.4 billion in production, exploration and other activities in Brazil and around the world through 2012, part of a strategic plan to make it a Top 5 energy company in the world (rather than Latin America) by 2020.
US$65 billion of the 100 plus billion will go toward exploration and production. The bulk of its investments would be spent in Brazil, with some billions to be invested abroad.
Part of the non-production non-exploration investments will go into downstream and distribution, and into biofuels, where Petrobras wants to lead the Brazilian production of biodiesel.
Original news source: International Herald Tribune
August, 2007 - AP
Rio de Janeiro, Brazil: State-run oil company Petroleo Brasileiro SA, or Petrobras, said Tuesday it plans investments of US$112.4 billion in production, exploration and other activities in Brazil and around the world through 2012, part of a strategic plan to make it a Top 5 energy company in the world (rather than Latin America) by 2020.
US$65 billion of the 100 plus billion will go toward exploration and production. The bulk of its investments would be spent in Brazil, with some billions to be invested abroad.
Part of the non-production non-exploration investments will go into downstream and distribution, and into biofuels, where Petrobras wants to lead the Brazilian production of biodiesel.
Original news source: International Herald Tribune
Russian Plans to Build 4500 Aircraft - Pie in the Sky?
Russian Plans to Build 4500 Aircraft - Pie in the Sky?
Forbes, Aug 2007
Russian officials have reportedly pledged to invest over $250 billion in the country's flagging aviation industry. Analysts at Boeing and Airbus are not entirely convinced that this will be a major event. There are some independent analysts who even doubt the genuineness of the claim.
A top Russian official promised 187 billion euros of investments to build 4,500 planes over the next 18 years, a bold claim that signals a fresh boost to the country's civil aviation sector. Could this be a real turning point for the Russian aviation sector to try to take on EADS/Airbus and Boeing? Or is this a clever and zero-cost strategy to extract more from EADS & Boeing in future deals?
With Russians, you never know, but if their intention to invest this kind of money is indeed genuine, wow, there will be a plethora of opportunities for Russian entrepreneurs and aviation industry entrepreneurs worldwide.
Should keep a watch on this...
Original Forbes news source
Forbes, Aug 2007
Russian officials have reportedly pledged to invest over $250 billion in the country's flagging aviation industry. Analysts at Boeing and Airbus are not entirely convinced that this will be a major event. There are some independent analysts who even doubt the genuineness of the claim.
A top Russian official promised 187 billion euros of investments to build 4,500 planes over the next 18 years, a bold claim that signals a fresh boost to the country's civil aviation sector. Could this be a real turning point for the Russian aviation sector to try to take on EADS/Airbus and Boeing? Or is this a clever and zero-cost strategy to extract more from EADS & Boeing in future deals?
With Russians, you never know, but if their intention to invest this kind of money is indeed genuine, wow, there will be a plethora of opportunities for Russian entrepreneurs and aviation industry entrepreneurs worldwide.
Should keep a watch on this...
Original Forbes news source
US Subprime Woes Cost? $150 Billion - Calyon, Credit Agricole SA
U.S. Subprime Woes to Cost $150 Billion in Losses, Calyon Says
By Patricia Kuo, Bloomberg
Aug, 2007
The U.S. subprime mortgage crisis will cost credit investors about $150 billion in losses worldwide, according to Calyon, the investment banking unit of Credit Agricole SA.
Foreclosures may reach 20 percent of the $1.3 trillion of subprime mortgages outstanding, and under some assumptions, losses would be $130 billion. A further $20 billion could also be lost from the $1 trillion of outstanding Alt-A mortgages offered to borrowers with better credit.
The European Central Bank, the U.S. Federal Reserve and other central banks have injected more than $350 billion into money markets worldwide since Aug. 9.
Consumer lending standards have started to tighten in the mortgage sector and in other types of consumer loans such as auto loans and credit cards. Waning demand from investors for home loans has toppled more than 70 mortgage companies and half a dozen hedge funds in the U.S..
Big trouble! Is there a big business idea around here? I'm not well-versed with the finance/banking/investment sector to figure out any, but if there is big trouble, big opportunity cannot be far behind, can it?
Source: Bloomberg
By Patricia Kuo, Bloomberg
Aug, 2007
The U.S. subprime mortgage crisis will cost credit investors about $150 billion in losses worldwide, according to Calyon, the investment banking unit of Credit Agricole SA.
Foreclosures may reach 20 percent of the $1.3 trillion of subprime mortgages outstanding, and under some assumptions, losses would be $130 billion. A further $20 billion could also be lost from the $1 trillion of outstanding Alt-A mortgages offered to borrowers with better credit.
The European Central Bank, the U.S. Federal Reserve and other central banks have injected more than $350 billion into money markets worldwide since Aug. 9.
Consumer lending standards have started to tighten in the mortgage sector and in other types of consumer loans such as auto loans and credit cards. Waning demand from investors for home loans has toppled more than 70 mortgage companies and half a dozen hedge funds in the U.S..
Big trouble! Is there a big business idea around here? I'm not well-versed with the finance/banking/investment sector to figure out any, but if there is big trouble, big opportunity cannot be far behind, can it?
Source: Bloomberg
Nigeria: N4.8 Billion Frauds in Banks
Nigeria: N4.8 Billion Frauds in Banks
Vanguard (Lagos), August 2007
In spite of the recent banking sector consolidation, frauds remain a major challenge for the industry as the Nigeria Deposit Insurance Corporation (NDIC) has said there were 1,193 cases of frauds and forgeries in the banks, involving N4. 832 billion last year.
According to the corporation in its 2006 Annual Report, released to the media in Abuja, yesterday, out of the number of reported cases, 612 cases were successfully executed by the perpetrators, resulting in loses amounting to N2.768 billion.
Opportunit? Perhaps! The banking fraud detection software companies should probably explore if Nigerian Banks could be a prospective customer base, if this is such a major pain point in that country. Not saying they will make great customers overnight, but it might be a good idea for those tech companies to check out all the same.
Vanguard (Lagos), August 2007
In spite of the recent banking sector consolidation, frauds remain a major challenge for the industry as the Nigeria Deposit Insurance Corporation (NDIC) has said there were 1,193 cases of frauds and forgeries in the banks, involving N4. 832 billion last year.
According to the corporation in its 2006 Annual Report, released to the media in Abuja, yesterday, out of the number of reported cases, 612 cases were successfully executed by the perpetrators, resulting in loses amounting to N2.768 billion.
Opportunit? Perhaps! The banking fraud detection software companies should probably explore if Nigerian Banks could be a prospective customer base, if this is such a major pain point in that country. Not saying they will make great customers overnight, but it might be a good idea for those tech companies to check out all the same.
Computer Shut-down Costs Au Investors $36 Billion
Computer Shut-down Costs Au Investors $36 Billion
Aug 17, 2007
75 minutes of madness sparked by a computer shut-down sent the stock market into freefall yesterday, costing investors $36 billion.
The glitch caused investors to lose their nerve and sell shares in a wild day of trading, sending the All Ordinaries index plunging more than 5 per cent.
After the computers were powered back up by mid-afternoon, traders recovered their nerve with the index closing down 1.5 per cent at a cost to investors of $22 billion.
Is there an opportunity lurking behind this story? Who knows! Just imagine, 22 billion dollars for a problem that exists for just over an hour - surely entrepreneurs with a nose for new business ideas will come up with an opportunity from this!
Souce: Herald Sun
Aug 17, 2007
75 minutes of madness sparked by a computer shut-down sent the stock market into freefall yesterday, costing investors $36 billion.
The glitch caused investors to lose their nerve and sell shares in a wild day of trading, sending the All Ordinaries index plunging more than 5 per cent.
After the computers were powered back up by mid-afternoon, traders recovered their nerve with the index closing down 1.5 per cent at a cost to investors of $22 billion.
Is there an opportunity lurking behind this story? Who knows! Just imagine, 22 billion dollars for a problem that exists for just over an hour - surely entrepreneurs with a nose for new business ideas will come up with an opportunity from this!
Souce: Herald Sun
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