There are a lot of construction projects in Brazil that are frozen in place. One study, “Great works stopped: how to face the problem?” pegs this number at 2,796 as of the end of 2017. 517 of these are public works projects such as those building sanitation or roads. The cost of these stopped projects is R $ 10.7 billion according to Felipe Montoro Jens, one of Brazil’s top infrastructure project experts.
It is sanitation that is the public works area most affected, Felipe Montoro Jens says. 447 of these type of projects are paralyzed. Also affected are waterways, ports, railway, airports, highways, and urban mobility works. These projects consume resources from the public coffers that don’t generate any benefits at all for Brazilian society. The main issue is the way that the public sector goes about working on projects which is ill thought out and disorganized. More about of Felipe at ideamensch.com
Felipe Montoro Jens says that even simpler projects are held up in purgatory. He points to preschools, sports facilities, and day-care centers as ones that are stalled even though they are not that complex or expensive to finish. The study he cites says that there are issues at play such as financial difficulties, expropriation, and mistakes made in who owns the land the project is being built upon.
Another problem is that small companies were working on a number of these construction projects. Felipe Montoro Jens says that once the economy hit a recession these small companies didn’t have the resources to carry on the work and then abandoned it. As for what to do about all of this, those in the public sector need to plan better, provide teams more resources to do their jobs, create more balanced contracts, and strengthen internal control in order to prevent waste and fraud. Unfortunately, Brazil never seems to learn from these types of studies and so the problems continue.
Sheldon Lavin is an easy guy to root for. He has been running a food supply company called OSI Group for the last few decades. He has overseen the expansion of this former meat supplier into a global food supply conglomerate. Now, that doesn’t sound too interesting but the story of OSI Group is pretty astonishing.
You can trace the origin of the company all the way back to a Chicago neighborhood in the early 20th century. A German immigrant by the name of Otto opened up the meager butcher shop in 1909. He worked hard and was eventually able to parlay his butcher shop into a meat supply company. And then he really lucked out when he met Ray Kroc.
Ray Kroc famously founded the McDonald’s chain. In the early 1950s, he reached out to hundreds of meat suppliers to supply the beef for his hamburgers. Otto and Sons were one of these meat suppliers. But it was a shrewd move by the Otto and Sons meat supply company that really vaulted them to the top.
The Midwestern meat supply company invested all sorts of time and money into cryogenic freezing technology. This breakthrough allowed them to deliver more meat over a larger geographical area. Eventually, Otto and Sons became the main meat supplier for the McDonald’s chain. The company’s expansion was meteoric.
Now the company is known as OSI Group and its CEO, Sheldon Lavin, is committed to sustainability. And that’s quite impressive coming from a global conglomerate that operates 65 different facilities across 17 countries. The company employs more than 20,000 people.
Sheldon Lavin directed his company to construct two different research facilities. One of them stands in the United States while the other performs research in China. These facilities search for innovative ways to lessen the company’s impact on the environment.
Sheldon Lavin and his respect for the environment grew out of the company’s roots in the Midwest. OSI Group still retains that Midwest earnestness. After all, the company’s headquarters is just a few miles down the road from the first McDonald’s restaurant in Des Plaines, Illinois.
Mark McKenna M.D., has shaken-up the beauty industry once again. This man is well-educated in the field of medical aesthetics, and he uses this background to enrich people’s lives. Dr. Mark McKenna is a Tulane Medical School graduate. He is originally from the city of New Orleans, but he has resided in other areas like Atlanta, Georgia. Streamlining the process of elective surgery is one of his main goals, and he has definitely achieved this goal with OVME. OVME, pronounced “of me,” is an advanced medical aesthetics facility. The entire concept of the project has come directly from McKenna himself.
So, what exactly is OVME and how does the consumer benefit? Well, OVME is a medical aesthetics office that possesses a spa-like atmosphere. Dr. Mark McKenna is the founder and CEO of it all. This facility is located in the Buckhead community of Atlanta, and it’s loaded with technologically advanced features as well as luxury treatment rooms. The idea of OVME is to create a warm environment that makes the patient feel comfortable. In addition to that, Dr. Mark McKenna has designed the company to provide these minimally invasive services at your home. That’s right! OVME’s certified clinicians will travel to you if you don’t want to make the trip to the office. McKenna has also developed an innovative app that will allow consumers to make appointments. This advanced application also connects the consumer to specific medical practices in the immediate area.
You won’t find any other medical-aesthetics practice that is willing to push the envelope like this. OVME is basically an advanced version of ShapeMed. ShapeMed was Dr. Mark McKenna’s first successful practice that catered exclusively to this field, and it was a major hit. All in all, Dr. Mark McKenna has revolutionized the game in more ways than one, and that’s a guaranteed fact.
Ad fraud has become so rampant in the recent years but the good news is that many people have opened their eyes to these kind of fraud and activist are not getting tired of calling out these fraudsters either. One stern short activist, Sahm Adrangi , early this year had an amazing presentation on the same at the Kase Learning during a conference on short selling.
So how does ad fraud occur? Sam explains that hackers manipulate computers to click on your ad displays to create a substantial amount of clicks, impressions, and conversations instead of having actual humans who are the targeted customers click on your ads. This means that there is no actual ROI for a company investing in online ads. According to Sahm Adrangi,the more the ad frauds occur the less the advertising buyers are going to spend on online ads thus missing out on revenue from legitimate publishers.
So what is making it slow for all the interested parties to act? Sahm believes that all these parties that are supposed to be fighting against ad fraud do benefit and that is why they are slow. The ad agencies, ad exchanges, and the advertising companies all do benefit in a way, he insists.
This ad fraud takes so many forms, Sam adds, there is click fraud that occurs in paper click, there is click online ads and then there are fake websites with no content but have lots of traffic. All they do is use the same traffic for different ads. There is also ad tagging and stuffing where an ad is hidden behind a certain ad which the clients don’t see but see the video only but once they click, it reflects as an ad click.
In all these ad frauds, the ultimate loser is the ad buyer, concludes Sahm. Therefore it is high time that they work together with the activists to put all these frauds to an end. Otherwise, they will never really realize the economic value of online advertising.
About Sahm Adrangi
Sahm Adrangi is the Founder and CIO of Kerrisdale Capital Management which was launched in 2009. Sahm’s highest achievement has been exposing the fraudulent Chinese companies and has since been keen on short seller activism
Anil Chaturvedi has been an able banker for approximately 40 years. He has an expansive experience in working with great international banks. Anil has specialized in the area of corporate & private banking, corporate advisory as well as investing in banking with a good focus and emphasis in cross-border transactions across the beautiful Europe and India. Anil Chaturvedi is the current managing director at the prestigious Hinduja bank since Geneva Area in Switzerland. In this position, Anil has been responsible for the development of corporate advisory business this included encouraging cross-border strategic alliances between the Europe, Indian, Asian, and USA corporates. Anil has also served as the managing director of Merrill Lynch since 1993 to 2011 in the New York City. This was a wonderful private banker that covers the global regions in Europe, Asia, United States of America, and India. Before then, Anil was the vice president and senior representative for the US operations at ANZ Grindlays Bank in the New York. In this position, Anil Chaturvedi was the head in charge of the operations of the entire bank. He was responsible for the marketing, product development, compliance, and regulatory matters. He also took roles in developing the skills in leadership as well as sharpening them within the organization. Lastly, Anil was effective in drafting a wonderful model for the whole bank. Earlier on, Anil worked as a manager of the development and planning sector at State Bank of India located in Greater New York City. This was between 1987 and 1991. His roles revolved around actualization of the marketing strategy and effective strategic planning in capturing every kind of business for the Non-Resident Indians within the United States of America. While serving here, Anil Chaturvedi was honored for being the Man of the Year Award.
Anil Chaturvedi has a good and admirable education background. He has a Masters in Bachelor of Arts in Financial Management between 1971 and 1973 he successfully finished his bachelor’s education at the renowned Delhi University with an Economic Honors and a degree in Bachelor of Arts. Anil Chaturvedi has a vast of experiences all along his career journey. He has as well received a number of endorsements in his career life and that makes him a star in his generation within the banking industry.
You could definitely call it a Twitter tirade if you wanted to. Shervin Pishevar recently went on a fifty tweet, twenty-one hour tweet storm related to all of his ideas about the economy and the state of the world as it stands right now. It was something that inspired a lot of people to take another look at the way things are right now.
Shervin Pishevar has always turned heads when he speaks or writes. He has frequently been right about the predictions that he makes. For example, Shervin Pishevar is probably most famous as an early investor in Airbnb. He staked his capital in a company that people thought would never work out at the time. Now, the company has grown to such an extent that it is a household name. That clearly made Shervin Pishevar a lot of money for his personal bank account. Why then would we now also listen to what he has to say about the world economy as a whole? The truth is, that is exactly what we should do.
The tweets started by talking about how Pishevar believes that the stock market is overdue for a correction. That was followed by tweets about Bitcoin, China, and the American Dream (this guy has range!).
The talk about a stock market correction was something that some people scoffed at. They could not believe that someone would suggest that the precious stock market might fall after the kind of run that it has been having as of late. However, there is little doubt in the mind of Shervin Pishevar that this is going to happen. He was therefore pleased in a way when just three days after he posted these tweets, the stock market began to tank by more than one-thousand points. He quickly dubbed it the “#TrumpDump“.
It is not as though his predictions always start to come true so quickly or even at all. It is about the fact that he is more often right than wrong when it comes to these kind of things. Knowing that, we should all consider our options when it comes to who we take advice from and why we do so.
Whether you are running a small tuck shop, a restaurant or a shopping mall, as an entrepreneur, you need a role model. The idea of having a role model is pegged on the lessons an individual is meant to pick from the core of ideas.
As such, Hussain Sajwani has been described as a perfect role model to aspiring youths who would like to join the industry of real estate and food catering. Having manned two businesses after working for various companies after college, the DAMAC owner has an interesting backstory that we must look at.
Mr. Sajwani was born in 1954. Interestingly, he hailed from a humble background. His father imported commodities from China’s market. Of course, at that point, he faced challenges that may have discouraged him at some point. But being a good family man, Hussain’s father did not give up on the business.
Instead, he wanted Hussain to join the business and later succeed him. But Hussain was not for the idea. He wanted to explore other options. Consequently, Hussain Sajwani enrolled for formal education at a medical school in Baghdad.
Mr. Sajwani did not complete his education. Being an explorer, as usual, he fled to America. That is when he earned full education scholarship and decided to pursue two courses; engineering and economics from the Washington University.
Expanding His Horizons
After graduation, Mr. Sajwani relocated to Dubai only to establish a business tied to the food catering industry. With this organization, Mr. Sajwani has been able to improve the lives of the less fortunate. Read more: Hussain Sajwani | Crunchbase and Hussain Sajwani | Facebook
That is why in 2017, he graced news headlines for donating AED 2 million towards Ramadan. Aside from that, Hussain Sajwani has often rallied his billionaire associates to donate towards charity.
A few years into the establishment of the food business, Hussain Sajwani managed to start DAMAC Properties. He is now the chief executive officer and of course, the founder.
With his guidance, DAMAC Properties has worked with over 1,000 clients by providing the right property in the commercial or residential industry. Hussain Sajwani develops the right policies required for employees to excel.
The United Technologies Corporation is currently dominating the area of aerospace manufacturing. They create high-quality jet engines and flight sensors and autopilot mechanisms and landing gear for the military and private corporations. The United States of America has multiple contracts with United Technologies Corporation which makes them the largest producer of helicopter aircraft in the world. In addition to this, Delta Airlines and Southwest Airlines outsource the repairs and their work to the United Technologies Corporation.
While it is the current dominating company in the industry this was not always so. There was a time that the United Technologies Corporation was looking at a corporate merger in order to stay alive. However, before this occurred they hired Louis Chenevert to be the chief executive officer. Louis Chenevert was a wise businessman who spent his life preparing for the position of a CEO. He knew how to survive a recession and he was good and make sure it happened for the United Technologies Corporation.
He began by stabilizing the outsourced cost of the company. First of all, he had to make sure that they could adhere to the current environmental regulations imposed on them by the United States of America and the Canadian governments. This saved them over $100 million over a five-year span. He then moved several factories close to one another and purchased a fleet of trucks so they could be used internally to move goods. This move saved them around $95 million every three years.
Louis Chenevert also began to grow the stock price by acquiring many companies. He acquired Pratt & Whitney, Otis, and Goodrich. These acquisitions gave them stable military and corporate contracts which allowed them to pay off the deficit and keep the company stable until a recession was over.
These wise business practices led Goldman Sachs to offer Louis Chenevert a role in their company. While we do not know his compensation package, we know that Louis Chenevert works as a consultant in the prestigious executive banking division of the company. He takes a salary from them will work on his own time.