Dr. Rick C. Ernst
Coaching The Affluent To A Fulfilling Life
of Peace, Passion, Profits And Philanthropy.
TheBestCoach.Com

Competitive Devaluation

GOP lawmakers press IRS on alleged release of thousands of Social Security …
dailycaller.com

Two Republican lawmakers are calling on the Internal Revenue Service to respond to reports that the agency accidentally released thousands of Social Security numbers. In a Tuesday letter to Internal Revenue Service principal deputy commissioner Daniel …

3,733
Like
Save
Praxair Reports Second-Quarter 2013 Results
online.wsj.com

… cost and outcomes of investigations, litigation and regulatory proceedings; continued timely development and market acceptance of new products and applications; the impact of competitive products and pricing; future financial and operating …

3,562
Like
Save
"Venezuela Telecommunications Report Q3 2013" Published
www.sbwire.com

We believe that operators will take a hit in real terms to profits and ARPUs, and the devaluation will also severely effect sales volumes in nominal terms in Q113. Key Trends & Developments – In March 2013, the National Telecommunications Commission of …

3,791
Like
Save
Delta Air Lines, Inc. (DAL) Management Discusses Q2 2013 Results – Earnings …
seekingalpha.com

The yen devaluation and its impact on bookings negatively impacted the quarter's profit by a net $60 million, with an $85 million revenue impact net of hedges, partially offset by a $25 million benefit in expense. …. Certainly, that's improved …

2,597
Like
Save
Praxair, Inc. (PX) Management Discusses Q2 2013 Results – Earnings Call …
seekingalpha.com

Please also note that our discussion of full year 2013 earnings excludes the impact of the Venezuela currency devaluation that occurred during the first quarter and a pension settlement charge that will be recorded in the third quarter. A …

3,940
Like
Save
The Time Is Right To Place Your Bets On General Motors
seekingalpha.com

Venezuela devalued its Bolivar currency in February this year by a staggering 46.5% to the dollar that led to the currency being exchanged at 6.30 to the dollar as opposed to the earlier exchange rate of 4.30 to the dollar. GM incurred hefty losses …

4,209
Like
Save
To avoid the currency wars
www.japantimes.co.jp

In 2010, Brazilian Finance Minister Guido Mantega warned of the possibility of “currency wars” as countries sought to devalue their exchange rates to gain competitive advantage. Brazil's economy may currently be less in favor internationally, but that …

2,214
Like
Save
Egypt, Brazil, Turkey: Tremors of World Revolution
www.marxist.com

If the EU breaks up it would open the door to currency wars, competitive devaluations and trade wars that would set the scene for a deep slump with catastrophic effects on a world scale. Many economists are now talking openly of the prospect of the …

2,730
Like
Save
New blow at Belarusian exports
www.charter97.org

If prices of Russian goods reduce, their Belarusian analogues will lose the competitive advantage in price. The Minsk Automobile Plant (MAZ) says the current fluctuations of the exchange rate haven't affected the plant yet. If the devaluation happens …

1,649
Like
Save