KeithTimimi

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Keith Timimi
About the author:

The free-spirited family-man internet entrepreneur who fell in love with the study of economics. And congas.

Thanks For Your Continued Support!

Date: 14 May 2012

October 2011 saw significant changes in the global economy. In the U.S., the Occupy Wall Street movement was reaching its peak and was gradually inspiring similar movements across the world; while in Libya, former dictator Muammar Gaddafi had been caught and killed as he hid in a drain just outside his birthplace in Sirte.  Meanwhile, Greek Prime Minister George Papandreou stunned the world on October 31st when he called for a national referendum on the new European Union debt deal – a plan which was subsequently cancelled just days later and led to Papandreou’s resignation. EconomyWatch.com too had been in the process of change.

 

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Facebook Co-Founder Eduardo Saverin Bets Big on Asian Internet

Date: 21 June 2011

21 June 2011. EconomyWatch speaks to Reza Behnam, former Managing Director of Yahoo South East Asia and founder of ADZ - an online advertising marketplace - about his vision for ADZ as well as the technology scene in Asia. Besides getting backing from the Singapore government, Reza has also secured a star investor: Eduardo Saverin, the co-founder of Facebook. We discover Asia is on the precipice of a new digital age - with entrepreneurs such as Reza and investors such as Eduardo paving the way forward.

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Not a Good Time to Be an American

Date: 8 June 2011

9 June 2011. The first results are in, and they will not be great news for everyone. Simply put, it is not a good time to be an American. Last week we launched our crowdsourcing economic indicators experiment, the world's first real-time Consumer Confidence Index from your friendly local global economists at EconomyWatch.com. 48 Americans have given the US a rating of 562 (out of 1,000), broadly meaning that they expect the economy to stay the same. This is down from a confident 756 Mid May. In fact, responses in the last week have been on overage below 500, meaning that most people in the US now believe things will get worse.

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Crowdsourcing the Future: Introducing Global Real-Time Consumer Confidence Tracking

Date: 30 May 2011

30 May 2011. It was the 26th September, 2008. Hank Paulson, then US Treasury Secretary, had got down on one knee to Nancy Pelosi, then Speaker of the House, and begged her to support his Bailout of the Too-Big-To-Fail Banks. At that moment we knew that consumer and business confidence around the world would plummet.  We already knew that, almost as one, our clients' confidence would tumble. Projects would be put on hold, downsized or cancelled. It was a matter of business survival for us to understand just how bad it would be, but the data was painfully slow in coming. I kept asking myself, what is the point of having a forward indicator when it takes so long to get the data?

Now we are taking a small step to fix that problem, by introducing the Global, Real-Time Consumer Confidence Index.

 

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Sorry Dr Friedman, You Are Wrong – the Middle East Has Fundamentally Changed

Date: 15 May 2011

16 May 2011. Thirty two years ago, as a nine year old boy, I said Bye Bye Basra. Now here I sit, all these years later, on the other side of the world, with Saddam dead and buried close to five years already. And yet, that old specter of fear still haunts me. I still worry. Should I really write this article? Might it come back to haunt me or – worst still – my family one day? Unless you have lived through an oppressive regime, you may never know what that fear is like. That is the real change that has taken place in the Middle East. Its citizens have broken out of the mental ghetto they have been consigned to, and the world will never be the same again.

 

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Aligning Marketing and Sales in a Web 2.0 World

Date: 13 December 2010

Although the marketing-sales tussle is not a new issue, it is accentuated by recent advancement in technology and changing consumers’ purchasing behaviors. Indeed, these developments have changed the traditional marketing funnel from a simple 3-step process of Awareness-Consideration-Purchase, to something more evolved.

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12 Fastest Growing Economies of 2011

Date: 9 December 2010

9 December 2010. The African Decade is upon us, with Ghana expected to grow at an amazing +20 per cent rate in 2011. Of the 12 fastest growing countries in 2011. they are all from Africa, Asia and the Middle East, and all but two are small. Out of the G20, only China and India make the grade, and once again no developed country is represented.

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Cost of the Iraq War: Iraq has the 'Worst of All Worlds'

Date: 6 December 2010

6 December 2010. Ali Allawi as the first civilian minister of defence in post-Saddam Iraq. In this fascinating interview, he says Iraq got the worst of all worlds: the destruction of whatever dysfunctional state had existed, without anything coherent replacing it. It is not that the Americans didn't spend money - on a per capita basis it has cost more than the Marshall Plan. It was just so misguided and ill-directed by people who were indifferent to the long-term evolution of the country's institutions. Allawi suggests that this 'Second Iraq State' is now having its final fling and has to prove itself to its people, or it might face disintegration.

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Shrewd Bank Analyst Sued by Interesting Florida "Group"

Date: 21 October 2010

22 October 2010. Are banks often run as little more than a series of banana republics? Are banking elites a force whose power may put your run of the mill Caudillos to shame? Like all strongmen, it seems, bank chairmen are equally thin-skinned, combative and ready to eliminate whomever they believe threatens their reputation or their notions of “honour”.  Take what happened to Richard X Bove, a bank analyst who likes to take what he calls “extreme positions.” He occasionally moves the stock market, which has earned him a certain amount of prestige and notoriety — but has also gotten him fired several times. It has now got him sued as well.

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Sustainable Energy vs Coal

Date: 14 October 2010

14 October 2010. Investments in green energy make sense not just environmentally but economically, and whichever country sets up the corresponding infrastructure will be at the forefront of growth, jobs, and profits in the coming decade. While the US continues to capitulate to powerful interests and invest in trying to clean up the dirty energies of yesterday, China is taking advantage of a once in a century opportunity and is emerging as the leader in the green technologies of tomorrow. Christine Shearer analyzes the situation.

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Three Reasons Financial Services Innovation is Moving to Emerging Markets

Date: 19 August 2010

19 August 2010. Western banks are increasingly focused on preserving and extending the wealth of their employees. Emerging market providers, on the other hand, are focused on unlocking access to new markets using the latest technology as enablers. This provides new services to people who may not have had access to such services before, and creates wealth for enterprises in the process. We look at two real-world examples, online/ internet/ mobile banking service Breeze by Standard Chartered, which has developed the worlds first e-cheque, and the M-Pesa platform that provides Africans with financial services using mobile phones even if they don't have a bank account.

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