Social Business More Lasting than Charitable Organizations

Social businesses have the advantage of more lasting than charity-based organizations in the fight against poverty and community empowerment.

"In organizations (social)-based charity, you need fresh funds to carry out social activities again. Whereas in social business, new funds were not needed because the business will continue to run on its own," said the founder of Grameen Bank, Muhammad Yunus, after the public lecture "the Role of Social Entrepreneurship in the Context of Poverty Alleviation "in Jakarta city, last week.

The winner of Nobel Peace Prize in 2006 said that the founder of social business is not taking advantage of the company because the company's profits are used to empower the poor such as micro-loans for business capital.

"If it (social business) does not develop, it will run itself because it is a profitable business. Owners Interest to solve the problem," said Yunus.

Another difference of social business process rather than a mechanism of social responsibility of the company is located at the design and the main purpose of the community empowerment activities.

"In a conventional business processes, you will be asked how much money the CEO can be made?" Muhammad Yunus said.

Meanwhile, Yunus continued, "You would not ask the CEO gains in social business, but will ask how the problem can be solved this year? Like the cure of children from malnutrition."

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Hangover Helpers, Turn Trash Into Cash

Business ideas can come from anywhere. As what was done by Marc Simons. A mess after the party turned into a business idea. Be advised, when held a party, everyone is happy. Lots of food, drink fresh, frenetic music. Finish the party, the host see stacked dirty dishes and glasses, not to mention the other garbage scattered about. the idea of ​​turning trash into cash is very unique. Marc Simons so cleverly taking advantage of opportunities.

Marc was founded Hangover Helpers providing cleaning services home after a party. Marc started a business cleaning house after a party about a year ago.

The first motivation Marc just want to earn extra money. Until he realized had found a nice business opportunities in the ailing economy. Then, he partnered with his high school friend, Alex Vere-Nicoll. Clean-up company that has been getting a lot of customers and crowded booked. Creativity does bring in money.

Now, the company "Hangover Helpers" had been getting a lot of customers and crowded booked. Creativity is proven brings money. including turn trash into cash is a brilliant idea from Marc Simons. so what is your brilliant idea?


Illustration image source from new york times.

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FRANKENSTORM Disaster in The Haloween Day

Sandy Hurricane or called frankenstorm makes severe disaster in the halloween month. This is the worst disaster that ever hit America at halloween day. This disaster made ​​a lot of losses for America and leaving damage. Estimated, property and economic losses caused by this disaster reached billions of dollars.

Reported by the Telegraph, Tuesday, October 30, 2012, economists estimate property losses in several states hit by Sandy reached U.S. $ 15 billion. This figure does not include losses due to business stopped because employees can not go to work.

"What I worry about is the disruption to the business sector," said Mark Vitner, economist at Wells Fargo financial services company. Vitner estimates the economic losses from the storm has reached more than U.S. $ 7 billion.


"What I worry about is the disruption to the business sector," said Mark Vitner, economist at Wells Fargo financial services company. Vitner estimates the economic losses from the storm has reached more than U.S. $ 7 billion.

Sandy Hurricane also damaged oil refineries in the U.S. east coast and make Wall Street paralyzed. New York Stock Exchange and Nasdaq closed during the storm that hit the city. This is the first time the weather halted stock trading since 1996, when 20 inches of snow blanketed New York.


A total of 10 states declared disaster emergency status. As a result, income stagnant economy. chief economist at Moody's Analytics, said that gross domestic product in New York and Washington reached U.S. $ 2.5 trillion. So, if one day paralyzed the economy, would be detrimental to the city of $ 10 billion.

Peter Morici of the University of Maryland also estimated, Sandy Hurricane would hurt America between U.S. $ 35 billion to U.S. $ 45 billion. The U.S. will spend more, about U.S. $ 36 billion in the current post-disaster recovery efforts.

So far, the U.S. perceived catastrophic losses when Hurricane Katrina struck in August 2005, that is more than U.S. $ 100 billion. Hurricane Katrina, which killed 1833 people are the worst in 77 years.


This is a video of the Sandy hurricane  from fox news




Source image from Reuters/Lucas Jackson

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Hurricane Sandy makes U.S. Stock Close

Sandy storm makes stock market close in the U.S. market on Tuesday, October 30, 2012. This is the second day. But market players on Wall Street seeking to open trade at the end of this month, Wednesday, October 31.

As quoted by Reuters, the stock market was closed on Monday due to bad weather for the first time after 27 years. The bond market closed early in the afternoon, the wind and waves from Hurricane Sandy hit the Eastern Seaboard.

Officials two largest stock exchange operator in the U.S., NYSE Euronext (NYX) and Nasdaq OMX Group (NDAQ), said they intend to re-open trade on Wednesday if conditions better. The bond market will be closed again on Tuesday.


Wednesday is an important trading day, as it marks the end of the month, when the price of market participants to manage their portfolios. But New York City is still feeling the effects of the storm on Monday night, so that concerns remain haunted, because storms can cause damage and possible power outages.

Concerns that will test the ability of the market to re-open trade on Wednesday. In addition, the mass transit systems in New York, which is mostly used employees to go to work, nor does it operate. Not yet known when the service will be back to normal.

Far-reaching effects of the closure of the stock market, according to analysts, will result in the loss of tens of millions of dollars in potential revenue from banking and stock trading services.

In fact, some companies suspend quarterly earnings for the period. Several bank branches were closed in the Northeast, while some of them promising to release certain costs in areas threatened by Sandy hurricanes.

Eqecat, a company that measures exposure to catastrophe risks, estimate the impact of the storm could cause insured losses of U.S. $ 5-10 billion. Meanwhile, the economic losses predicted U.S. $ 10-20 billion.

Closing stock trading also threatened the postponement of planned initial public offering (initial public offering / IPO) at least six companies. Meanwhile, Facebook Inc. employees are prohibited from selling shares in the company's social media site, as "locked" in the trade ended.

"If you are out of the market over the past two days, you really start to make some serious financial pressure," said Jim Paulsen, from Wells Capital


image source: bloomberg by Kena Betancourt/EFE/Zuma Press

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Sandy Storm Losses Reach U.S. $ 20 billion

"images from bloomberg"

Institutions for disaster risk assessors from the United States, Eqecat Inc., estimated economic losses due to hurricanes Sandy reached U.S. $ 20 billion. Estimated would make greater losses if there's a disaster or flood subsequent landslides.

In a statement to CNN, Vice President Eqecat, Tom Larsen, said that insurance losses caused by the disaster reached U.S. $ 5 billion to U.S. $ 10 billion. According to him, the estimates based on damage on residential property (residential), commercial property (office and place of business), the production of energy.


"In addition, there are a lot of losing business due to sandy storm," he said, Tuesday, October 30, 2012.

Data from Eqecat indicate that losses caused by  Sandy storms greater than the economic impact of Irene Hurricane  in 2011, which reached U.S. $ 4.3 billion. However, this number less substantial when compared with  Katrina hurricanes that makes insurance losses at U.S. $ 45 billion in 2005. Besides ingesting considerable material losses, the storm also caused 1,800 people died.

Before Eqecat issued this forecast, the analysts at the Wall Street estimate losses due to storm Sandy reached U.S. $ 5 billion. According to them, the loss figures could still be tackled by the employer and insurer.

Analysts at Janney Montgomery Scott LLC, Larry Greenberg, said that the losses due to the Sandy storm could swell mainly because the threat of floods and tides. The water level in coastal areas could be increased significantly if a storm comes on the full moon.

Hurricane Sandy also called Frankenstorm predicted to strike states in the Mid-Atlantic to New England. In the website of the National Oceanic and Atmospheric Administration said that this storm was the biggest storm ever attack the United States.

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