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NEWS

NEWS

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The Stop Online Piracy Act, or SOPA, is brand new legislation in the U.S Congress. Although the bill expands the ability of U.S. law enforcement and copyright holders to fight online trafficking in copyrighted intellectual property and counterfeit goods, which seems admirable enough, SOPA has caused a lot of controversy in its possible unintended consequences regarding content sharing and self-policing.

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Luxury hotels all over the world are making innovative changes to their luxury offerings in order to attracts guests in a way the competition doesn't. This roundup covers a few of the more interesting offerings from luxury hotels that improve the luxury experience for guests in ways that haven't been done before.

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Nitrogen tire inflation may seem like a gimmick, but the practice does have the research to back up its legitimacy. Ford Motor Company conducted a study in 2004 on the effects of nitrogen inflation on tire aging and performance. The study, which took place over a six-month period, found that those tires completely filled with nitrogen had aged slower than those with a 50/50 mixture of nitrogen and compressed air.

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With financial turmoil creeping in the country and the borrowing rate of Italy towering above 7 percent, many small European countries are forced to hunt for help. The eurozone finance ministers are considering a financial aid package for the country. 17 ministers of the eurozone have quickly managed to raise adequate money in order to build confidence among the world markets that their currency won’t give up.

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Virginia-based AES Corp., and Ohio-based DPL Inc., have finally merged this past week after receiving final approval from the Public Utilities Commission of Ohio. With this acquisition, AES’ operations now span 27 countries across five continents, with 100 power generation plants that have the capacity to deliver 40,000 megawatts of electricity. The AES DPL acquisition also ends the 100-year existence of DPL-owned Dayton Power and Light Co. (DP&L) as an independent company.

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As John F. Kennedy once said, “Leadership and learning are indispensable to each other”. Any leader who thinks he knows it all and has seen it all and is through learning is going to lose his effectiveness and strength. For a leader to be a strength to his people through time, it is important to be open to learning, improving and growing. Enhancing your existing leadership skills is essential to stay with the times, and ahead of others.

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The latest rumor buzzing in the business world is that social networking giant Facebook is working to raise $10 billion for an initial public offering, tentatively set for the second quarter of 2012. If this is true, the Facebook IPO gives the company a valuation of $100 billion, twice as big as companies like HP and 3M. Although, it's hard at this point to monetize and to measure the assets of a social media company for the purpose of going public (hasn't really been done before), there's not denying that a Facebook IPO would simply be huge.

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Black Friday and Cyber Monday (and probably Thanksgiving now) are three of the biggest shopping holidays of the year. In fact, Black Friday got its name from the fact that this one Friday brought many businesses out of the red and into the black. So, just how did businesses do this year at the start of the 2011 holiday shopping season?

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Going green has been a popular initiative for some time, but the commercial sector has been slow to pick up the trend. Only now are commercial buildings beginning to go green in a variety of ways, and are doing so for both financial and environmental benefits.

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Jeno Paulucci, inventor of the pizza roll, past away on Thursday at the age of 93. The food magnate dies just four days after his wife, Lois. The cause of death was renal and coronary failure. Paulucci is survived by his daughter Gina, his son, Michael; another daughter, Cindy Selton; four grandchildren; and many great-grandchildren.

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Nokia Siemens Networks, the world’s second-largest maker of mobile phone network equipment, announced earlier this week that it is cutting nearly 25 percent of its workforce in an effort to save $1 billion dollars in the next 12 months. Nokia Siemens was formed by Finnish group, Nokia, and German congolmerate Siemens back in 2007.

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Due to weak economic growth projections in the United States, slumping manufacturing activity in China, and continuing instability in Europe, oil prices dropped yesterday …

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Gold bullion prices are in major limbo right now as global economies sit on unstable grounds and more entities are trying to jump into the gold bullion market. As a whole, the demand for gold and gold bullion prices are projected to hold up and to do better than at the start of 2011.

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The 12-member supercommittee, as it is called, has clearly failed to end their talks as expected. While the Democrats suggested an increase in tax for the wealthy, the Republicans were apprehensive about the Medicare programs and the inherent expenditure which is on the rise year after year. It has been a disappointing climax to a series of talks that has considered every possible alternative and yet has left things to an uncertain future in terms of tax cutting and government spending.

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Hotels in Europe are doing well in spite of the ongoing Eurozone Crisis, according to the latest numbers from the European hospitality industry. Although the Eurozone Crisis has made it hard for the expansion of hotels in Europe, the hotels in Europe that currently exist are meeting the numbers they had at this time in 2010.

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The UAE aviation industry already works with the some of the biggest aerospace companies, and its current airport is currently seeing increases in both aviation and logistics traffic. In July, a record 4.7 million people travelled through the airport, marking an almost 10 percent rise over July 2010.

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With the holiday season beginning in less than a week, many breweries are coming up with their 2011 holiday beers for consumers to pair with Thanksgiving turkeys and Christmas hams. Fortunately, there's no eggnog beer or cranberry beer in the mix. Perhaps those will be some of the holiday beers of 2012? Anyway, here are what some breweries around the world are offering as Christmas beers this holiday season.

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As most corporations are beginning to outsource their jobs from the United States, Caterpillar is in the process of bringing some of those jobs back home. This week, Caterpillar opened a new axle-manufacturing plant in Winston-Salem, N.C., which will eventually have 398 full-time and 112 contract workforce employees. Ninety percent of the Caterpillar equipment made at this plant will be sold internationally. This plant is also crucial to Caterpillar’s expansion into the mining sector, both domestically and internationally.

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France is beginning to feel the pressure as its borrowing costs rose this week. On top of that, France and Germany, the two largest economies in the Euro Zone are clashing on a solution, particularly on how the European Central Bank is going to help. France insists that the ECB needs to play a stronger role in ensuring the stability of the euro and in helping to fix the debts that have started this crisis in the first place. Germany doesn’t want the ECB’s involvement in the Eurozone debt crisis

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The first curbside recycling program started in France in 1884, the first entirely synthetic plastic created in 1907. However, plastics recycling does have its hiccups. Not all plastics are recyclable like clear water bottles. Plastics such as flower pots and detergent bottles aren't recyclable at all. So, what's companies and countries doing about this gap, and what are they doing to do their part in plastics recycling?

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China's hospitality industry is doing well right now as three major hotel chains in the past announced this week that they will be opening new hotels in China. China has become a very important market in the hospitality industry as more and more people are choosing to visit China while more Chinese are making visits around the country and staying in hotels in China. China received over 56 million international visits in 2010 and is also world's third largest market for outbound tourists.

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