To Italexit or not to Italexit that is the problem

Two months are now passed since June 23rd. The Brexit vote has shaken the EU but as far as today, as per my previous article forecast “To Brexit or not to Brexit that is the question”, no major disasters seem to have happened.

After few weeks of roller coasting the pound has strongly recovery both vs USD and EUR to a more realistic 1.31 and 1.17 exchange rate respectively. All UK economic indexes seem to be positive or at least not so bad and few sectors, like real estate, are suffering but due to other problems. Same happens for European countries.

The real issue that may affect EU though is the referendum that soon (late 2016 or first months of 2017) will be held in Italy to confirm constitutional amendments. Nobody is talking about such deadline of course but this event can, in my opinion, kick-off a chain reaction that my change Europe as we know it.

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Italian Prime Minister Renzi

A victory of No side would more likely bring to as consequence an immediate fall of Renzi’s government; it has bond its fate to reform path approval and despite recent change of strategy a defeat of Yes party will bring to Renzi’s political end.

Recent polls (Scenari politici – Winpoll 13 – Italian) give a No side lead at 53% thus by the end of the year Italian government may fall and bring to an election in early 2017. At this point a win of the old parties would be nearly impossible, all the polls in fact see the anti-euro Movimento 5 Stelle on the lead at ballots both with Centrosinistra and Centrodestra (Termometro politico – Italian).

Such a situation may lead to an Italian referendum to leave the EU (baked also by Salvini’s Lega Nord), and an Italexit would bring a landslide in the continent. Differently from UK in fact Italy has a stronger bond with EU.

It’s one of the founder countries and politically would be a deadly failure for the union, it is furthermore in the Euro-BCE system and thus will affect dramatically the economy and probably the survival of such a currency. Last but not least Italy has a very weak economy and bank system and an exit would bring to an implosion of the country and whole North Mediterranean area (Greece, Portugal).

An Italexit in brief would mean the end of the EU as we know it.

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Who has really won the Olympics? Grenada!

Rio_giochi_2016.svg

The last notes of Samba resounding from the closing show are still in the air in Rio and greatest champions and teams are celebrated worldwide; athletes such as Katie Ledecky, Usain Bolt, Michael Phelps, Simone Biles, to name few, will be remembered by kids whose fathers are not still born.

A quick look at the official ranking tells the winners is US with the impressive number of 121 medals (46 golds), followed by a fantastic Great Britain team with 67 (27 golds), China 70 (26 golds), doping axed Russia 56 (19 golds) and others little-by-little.

But the questions swirling in my mind are the following: for the sake of the Olympics spirit, shouldn’t be more honest draw a ranking weighting results related to population and resources of the country? Why countries and athletes with lower resources must be always located to back seats?

Finally surfing the web i did clarify my doubt! Those in fact are exactly the questions www.medalspercapita.com answer to, not only for the current edition but for all of the previous ones till Athens 1896!

So it’s very interesting to know that on a weighted (4 points to gold, 2 to silver, 1 to bronze) per capita scale the winning team would be Grenada with 53,412 people per weighted medal, followed up by Bahamas with 77,603 while on the lower place of the podium we would find Jamaica with 85,185. Long far away the first “big” country is Great Britain on 16th place with 380,925 while classic superpowers are even lower: US 36th, Russia 37th and China 72nd!

Talking of GDP per weighted medal the podium is slightly different: Grenada is always on the first place with 0.41b US$ per weighted medal, Jamaica is second with 0.47b US$ while Kenya is third with a more than honest 0.91b US$. On this field most celebrated countries take an even greater lesson from “little” ones, in fact the first superpower is Russia 35th followed by Great Britain 36th (both around 14b US$), China 61st and, hard to believe, US are 64th with 51b US$.

This means Grenada is roughly 124 times more sport-effective than US and 34 times than UK… In Tokyo 2020 we all should stand up at their national anthem.

 

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How much do your employees worth?

Human resources are the most important asset of a company, their wellness and happiness on the job environment may change dramatically the performance of the firm and make the difference between glory and failure.

Having a winning strategy on employee’s expansion policy is of extreme importance and whether you are a one-man start-up or a HR executive in a wealthy corporation, you probably asked million times the old-as-time Hamletic question : should i hire a new resource in my company?

Statistic: Revenue per employee of selected tech companies in 2015 (in U.S. dollars) | Statista
Find more statistics at Statista

Well, to be honest, such a question is far less Hamletic if you work in the HR department of one of the above companies and corporations.

According to Statista.com in fact, the most important tech companies have astonishing values of revenue per employee ratios. Apple lead the group with over 2mUS$ but also Netflix, Facebook and Google scored important results breaking the 1mUS$ per employee barrier.

Such a results are even more impressive if compared to IT companies ones.

Statistic: Revenue per employee of major IT services vendors worldwide (in U.S. dollars) | Statista
Find more statistics at Statista

The best of them is IBM with a 289kUS$ per employee ratio.

What’s the magic formula of these companies? How can they get to such results? Of course is the high value of their human resources but the key is, in my opinion, the job environment they were able to set up.

The vision of their founders had as main goal to create a system where you can’t go wrong or make mistakes, a well designed set of procedure and habits that make great people even brighter to turn creativity into innovation.

Keep this in mind when you’ll establish your next startup!

Beat Brexit with night-life economy

A strong help to overcome Brexit struggles may apparently come from an unexpected allied: night-life economy.

Starting from August 19th, in fact, the night opening of tube’s busiest Central and Victoria lines on fridays and saturdays should bring an immediate boost to London’s economy.

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London Underground – Courtesy Wikipedia

According to a report compiled by the Centre for Economic and Business Research and reported by cityam.com, we could expect from night opening and few licensing laws tweaks an immediate 3bn £ extra earnings, with a potential growth to 43bn £ – along with an extra 115,000 jobs – by 2030.

Surprisingly the night-life contribution will not mainly benefit Entertainment/Recreation sector (1.3bn £) but Logistic/Delivery (7.8bn £), Financial and Professional sector (5.6bn £) and Health/Social work (5.4bn £).

A full 24/7 London thus could lead to important figures to city’s economy… drink a pint after dinner has never been so healthy!

Centre for Economic and Business Research: www.cebr.com

City A.M.: www.cityam.com