1 WTO needs China to lead (James Bacchus in The Wall
Street Journal) Unless China does more soon to help lead the world toward freer
trade, the global trading system may be in jeopardy. Although China has
embraced its obligations as a member of the World Trade Organization, the
continuing reluctance of Beijing to press for lower barriers to trade risks the
very future of the WTO as the central forum and fulcrum for world trade.
Since joining the WTO in 2001, China has been a
constructive WTO member. Always polite and patient, it has participated
diligently in WTO proceedings. China has complied increasingly with WTO rules
and consistently with WTO rulings. It has done everything it should do as a
member—except show the leadership to help sustain the centrality of the global
trading system overseen by the WTO.
At first, this was understandable. As a new member,
China needed some time to learn how to work within the WTO. Now, however, China
has climbed to the top of the trading world. With great economic power comes
great economic responsibility. Granted, as China reminds us, hundreds of
millions of Chinese are still mired in poverty. Nevertheless, the size and sway
of China are such that, nothing the members of the WTO may wish to do
multilaterally on a whole host of global commercial concerns can be done
successfully without the full engagement and the final agreement of China.
There is also this for Chinese consideration. No
other country in the world benefits more from membership in the WTO than China.
Without the legal shelter of fundamental WTO rules of non-discrimination in
world trade, China would surely have been singled out for widespread
discrimination by other trading countries during the past dozen years of its
economic rise. China would surely still be the target of such discrimination
today if it were not a Member of the WTO.
China could make an important start by making a much
better offer on information technology. The credibility gained by China could
be its ticket into the current services negotiations. A breakthrough on
services that included China could breathe new life into the moribund Doha
Round of global trade negotiations where the potential payoff in added
prosperity is greatest for China and for all.
http://online.wsj.com/articles/bacchus-the-wto-needs-china-to-lead-1401381136
2 India growth disappoints (BBC) India's economic
growth has remained subdued, due largely to a slowdown in the manufacturing
sector, official figures have shown. The economy grew at an annual rate of 4.6%
between January and March, below analysts' forecasts and the same pace as the
previous quarter. For the full 2013-14 financial year, growth was 4.7%, the
second straight year of sub-5% expansion.
New Prime Minister Narendra Modi has pledged to
boost growth. Asia's third-largest economy has been weighed down in recent
years by high inflation, a weak currency and a fall in foreign investment.
Two years ago, India's growth rate stood at about
8%. This level of growth is needed to provide enough jobs for India's growing
population - economists estimate 10 million jobs need to be created each year. The
last government failed to meet that target - data shows that between 2004-05
and 2011-12, just 53 million jobs were created.
However, many economists are upbeat and expect
growth to increase, and more jobs to be created, on the back of Mr Modi's
election. Spending on infrastructure is expected to increase significantly in
the coming months, a stimulus that should help boost growth towards in the end
of the year, analysts say.
http://www.bbc.com/news/business-27638906
The reality is that companies pay their employees to
do a series of tasks. And unless those tasks involve managing the corporate
social media accounts, there is no reason to be on Twitter, Facebook, or
Instagram during work hours. Sharing observations about company politics on
social media is never a good idea and can have serious negative consequences.
Background checks no longer begin after a candidate
receives a job offer; they begin when a candidate becomes a finalist for a
position. Before starting a job search, Millennials need to update the security
settings on their social media profiles. They should ensure only friends can
see comments and pictures. They need to try to not get into any altercations with
anyone on social media; hostile behavior in any form is off putting and will
scare away any future employer.
The best reference can be diminished by a negative
search result on the web. Aside from securing their social media accounts,
Millennials need to put their name through an Internet query and go through the
first ten pages of results. If negative information is found, contact the
website’s administrator to have it removed. In some instances, legal assistance
will be needed; it will all depend on how responsive the website manager is.
Some sites will not remove information in any case.
Social media can be very addicting. It may help some
Millennials to view each social media impulse as a craving; cravings last eight
minutes, then fade. Taking time to consider how a video, picture or anecdote
they are about to share may affect their future will keep them from losing out
on an imminent opportunity.
http://blog.sfgate.com/gettowork/2014/05/28/social-medias-impact-on-millennial-job-seekers/?cmpid=hp-hc-jobs#23738101=0
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