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Louis Chenevert Impressive Role in the Growth of UTC

Some people have a natural way of transforming everything they touch. It is not an exception for Louis Chenevert. Just to summarize his career, Louis Chenevert has been successful. His most significant work of transformation was at United Technologies Corporation. Chenevert’s approach to the company’s growth was anchored on long-term visioning, innovation, and maintaining an excellent team. In essence, Chenevert is remembered for building a culture where the company focuses on people and technology.

Louis Chenevert was born in Quebec, Canada. He went to the HEC Montreal, where he graduated with a Bachelor’s degree in Production management. He worked as Production General Manager at General Motors St Therese operation. Chenevert stayed at General Motors for about fourteen years.

He joined Pratt & Whitney in 1993 gradually went up through the ranks the top echelons of management. Chenevert was elected the president and CEO of UTC in 2006. While still the president of Pratt & Whitney, Chenevert realized that GTF engine would be significant in the future. It is a vision he carried on to his role at UTC by marrying the two entities. Over $10 billion was invested in the designing and development of a modern jet engine in a period of two decades. The engine had reduced consumption by 16 percent and emissions by 50 percent.

The engine has received widespread use due to its inherent benefits. Today, Pratt & Whitney now boasts of manufacturing plants spread in New York, Maine, Michigan, Florida, Connecticut, and Georgia. The partnership has played a crucial role in creating thousands of jobs in manufacturing industry in the United States.

Today, United Technologies Corporation estimates that in three years, it will have created 25,000 jobs and 5,000 new positions that will support future growth. Chenevert was instrumental in building a workforce that has excellent skills and knowledge in various aspects of the company. A scholarship program was initiated to help employees advance their education. About $1 billion was spent in this initiative.

Chenevert has received various accolades, which include an honorary doctorate by HEC Montreal. He was named “Person of the Year,” 2011, by Aviation Week & Space Technology magazine.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

Economists React To The Global Market Selloffs

The China stock market blew up and took the rest of the world’s markets with it. That has investors of every size scrambling to come up with the right moves to make. For months, economists and investors have been concerned about the ramifications of China and what impact it would have on markets around the world. Now they have an inkling of what’s it all about. Global markets sold off hard. Investors appear very worried that a major slowdown in Asia could slow the recovery in various economies around the world. There is often a chain reaction that occurs when one market that people were counting shows signs of weakness. China has certainly done that in recent months and the reaction of the rest of markets were similar to what was expected.

The question on everyone’s mind now is what will happen with the U.S. Dollar? The one economist who predicted that the dollar would strengthen this year and remain the global reserve currency was University of Chicago Professor Christina Broda. Since 2009, Broda has made the argument that the necessary steps to keep the dollar moving along would be made. Now many people are waiting to see if Fed Chairman Yellen is ready to start paring back the low-interest rates that have been part of the economic landscape for years. Broda has stated that there’s no other currency ready to take on the dollar for world supremacy. Lately, the Yuan certainly does not seem up to the task.

A recent poll of economists showed they were feeling gloomy about the coming months. They fear that the economy will stagnate and will no longer come anywhere near the 3% annual growth many of them were predicting earlier this year. None of them is feeling bullish anymore because they have seen the Chinese economy and markets sputter. The Chinese government tried very hard to stabilize the market there, to no avail. The sentiment turned sour as millions of investors who were speculating the bull market would continue were spanked by the harsh reality of a bear market for a time. The government bought stocks for months, mainly from smart money investors who were heading for the exits. Once they left the market, that left only retail investors who were holding on hoping for the best. In the last three days they capitulated, causing another 22% to be shaved off the valuations. Something similar has happened in the United States, where both the NYSE and Nasdaq suffered huge declines. The economists are now doing their best to run models and scenarios that take into account a high-interest and a low-interest rate environment. Investors need to be prepared for both events. It could go either way at this point.

The Blackout: Trading Today’s Memories for Tomorrows Headache

It’s 5 o’clock on Friday and you’ve had a long and hectic work week. Sam Tabar told us that the boss has pushed your stress limits to the max and you are officially ready to cut loose and crank up the party.

Your gang of friends are meeting you at the pub and it’s time to get your drink on until wee hours of the night when you find yourself crawling into bed to pass out. Sound familiar?

It’s a tradition shared by many people all over the United States. Drinking to the point of oblivion to forget the reasons why you started drinking in the first place – stress.

Self-medication for stress isn’t alcohol’s only traditional use. It’s also a vessel for relating with our friends and celebrating events. It’s commonly used for the bad times as well as the good times – equally.

If you find yourself toasting one or two times too many, you might not even remember what you were running from or enjoying. That’s called a blackout and it is a phenomenon that is dangerously overlooked in today’s society.

Recent studies have shown that in essence, when a person blacks out it is because the brain fails to encode contextual memories that are happening at the time of consumption.

Aaron White, the director at the National Institute of Alcohol Abuse and Alcoholism had the following to say about the process, “Your brain is sending information to the hippocampus, and it falls into a void.” So in essence, drinking might be fun, but let’s try to remember what we were celebrating as a general rule of thumb.

The IRS System Was Hacked, More Than 100,000 People at Risk of Identity Theft

The IRS just gave us another reason to worry after announcing their online service was hacked by criminals who were able to steal the information of more than 100,000 taxpayers. They confirmed the hack was part of a identify theft scheme being used to claim fraudulent tax returns.

Hackers were able to get into the “Get Transcript” system offered by the IRS which allows users obtain tax returns and other tax filings. The IRS claimed the group responsible for the attack are part a larger group of organized criminals, but did not release any further information. However, Congress is pushing the IRS to release this information as soon as possible.

The attacks took place from February through May of this year and the system has since been shut down. The IRS says the main tax filing system was not affected, which brings peace of mind to Jaime Garcia Dias. However, millions of people are still highly concerned about the recent breach and are demanding more information about the cyber attack.

As of right now, the IRS reports that $50 million in fraudulent tax returns have been issued and are currently implementing technology in order to prevent further identity theft. They have added software to help them pick out suspicious tax returns and will seek to prosecute the criminals responsible for the attack.

America’s Unemployment Rate is on the Decline

During the years of the one of the worst recessions in American history, the unemployment rate skyrocketed. However, the economy has slowly been on the mend in recent years and a report recently released by the Department of Labor shows the lowest unemployment rate in seven years currently standing at 5.4 percent in April. Additionally, the job market is remaining stable (finger crossed).

Christian Broda knows there are still many battles to be won in the fight against unemployment, with joblessness being a concern for wide range of age groups and circumstances. However, young adults remain the most underemployed and unemployed group in the nation, even those who hold college degrees. Also, employees who earn minimum wage are still pushing for higher wages claiming their paychecks do not offer enough support to make end meets, while also demanding more benefits such as increased insurance packages and paid time off.

While the low unemployment rates are extremely encouraging, it doesn’t mean there still isn’t work to do. We must figure out how to provide jobs to college graduates and raise minimum wage in order to completely heal our fragmented economy. A process that will likely take years, even decades, to come to fruition. Both employees and employers must work together, along with local and federal governments, to produce the type of economic environment Americans deserve.

Brent Crude Prices Skid A Bit After Record High For the Year

The question of how to invest in oil became more complicated when just a day after hitting its high for the year of $63 a barrel, the price started to slip to close to $61 as the oil trading day begins to wind down. Crude oil prices have been tanking considerably in the =past few weeks. Once at a high in the past 52 weeks of $109 a barrel, crude dropped all the way down to $50 a barrel within recent weeks and at one point oil economist projected that oil price could seep into the $30 a barrel range. Other recent reports regarding production from the United States shale oil sector and OPEC has giver new bounce to the price of crude and hope to oil investors that crude prices are on their way back up. If U.S. shale production continues to lag in the next couple of months crude could be traded in the area of $80 a barrel before the end of summer. Crude Oil Prices Continue to Change

The pricing is still contingent on what the oil producing countries decide to do with new crude oil from Iran and Iraq which has not yet hit the open markets but is expected to be traded some time this year. Some oil economists, like Christian Broda (linkedin.com), view the U.S. production slow down as an initial step to make room for oil pricing when the new Iran and Iraq oil enters the market. This would drive prices back down to the range of $40 or $50 a barrel instead of $20 or $30 a barrel if no action by either OPEC or the United States is taken on current production.

Dorchester Collection: Write an Article About This Company

Dorchester Collection is an incomparable extravagant collation of hotels with locations in the United States and Europe. Embodying 8 luxury resorts across the Atlantic and 2 off the Pacific, each has been given the opportunity to exhibit their own unique individuality in accordance to their cultivation. Dorchester Collection’s goal in this day and age is to cultivate an infallible assembly of hotels by way of exclusive luxury and hospitality. Its multicultural diversity represents a momentous contribution to our community making it crucial to Dorchester Collection. There is a lot of dignity and appreciation for the various lifestyles each location has to offer. Dorchester Collection’s management teams and staff members find their employment with the company very influential in stimulating the deliverance of the topmost experience possible for their guests.

“Dorchester Collection wins Investors in People ‘Company of the Year’ at the Employee Engagement Awards”

This bestowal was exhibited at the Employee Engagement Awards which transpired on January 28, 2015. The Employee Engagement Awards honor the finest businesses in the UK and Ireland. It denotes the companies who go the extra mile to develop an alluring atmosphere designating their staff the soul of the establishment. The Investors in People “Company of the Year” Award celebrates Dorchester Collection’s competence to ascertain that their grand design for Employee Engagement works.

Dorchester Collection is looking to add 15 new establishments and recapture residence in New York. These hotels are very fashionable with famous people, royalty, and business tycoons. By administering their exceptional know-how in possessing and conducting a few of the world’s most distinctive hotels, Dorchester Collection’s plan is to enhance themselves into the topmost hotel management company globally. Dorchester Collection has developed into superstars in their own right by demonstrating the finest and notorious exposure of first-rate accommodations, charisma, exquisiteness, and courtesy.

Third-Largest Retailer Announces Intentions of Phasing out the Use of Antibiotics in Its Chicken

The third-largest retailer in the United States has announced that they will phase out the use of foods treated with antibiotics, particularly chicken and beef. Costco is doing this following the decision that was made by McDonald’s to stop buying chicken that was treated with antibiotics. McDonald’s plans to do this within the next two years. The executives at Costco have not disclosed a date to stop using these products.

Lots of big companies are seeing the benefits that come from using produce and meat that has been raised naturally, without antibiotics. Many individuals are excited to see these changes. They are excited to see these changes because there are many health benefits that come from eating foods that are raised and produce naturally.

Dan Newlin has found that health-conscious individuals across the nation have been trying to make a shift to eating healthier foods. This is why organic foods are becoming more and more popular. Even if individuals are not 100 percent dedicated to eating natural and organic foods, they are still interested in taking small steps that can benefit their personal health and the health of their family members.

Part of the process of eating healthier food usually means getting rid of foods that are loaded with processed sugar and trans fats. Many individuals have even started shopping differently because of this. They mostly just shop around the perimeter of a grocery store, going to the produce section, the dairy section, and the meat section to purchase items to make meals.

USW Strike Causes Increase in Oil Barrel Prices

Many American’s have enjoyed the declining gas prices being almost cut in half over the past several months, thanks in part to OPEC’s refusal to cut production despite the demand for the product being reduced. However, the United Steel Workers union obviously has a different plan than the oil companies they work for as they have walked out on strike. Workers claimed poor health and safety conditions, too low of wages, and a poor attitude towards the communities that serve as homes to the refineries as the reasons behind their dispute. Meanwhile attempts of the companies to engage the unions who organized the strike have been unsuccessful signifying that the workers are looking to make the loss of production hurt the companies.

What is significant is that this strike is not the first since oil production began. It is however, the largest strike since 1980 when the world was attempting to overcome the oil embargo caused by a crisis with Iran and the overthrow of the Shah. But just as back then, the loss of production has made the price increase and it is not the company who will suffer for the loss of production but the consumer at the pump. By losing 10% of the US oil refining capacity it has made oil rise by a little over $2 per barrel. Lee Slaughter agrees that at first this may not seem significant, but the longer this strike continues the higher the costs will go up and therefore will make prices at the pump go up as well.

BRL Trust Financial Services Based In Brazil Trusted Worldwide

BRL Trust Investment began in Brazil, providing trust services for private loans in 2005, and grew by providing customer services to its clients in many other areas. Their customers can also receive excellent services including Administration and Management of Investment Funds, Mergers and Acquisitions and Capital Markets. They now offer fiduciary services, funds management, funds custody, resource management and asset underwriting to foreign investors, individual customers, corporate customers, institutional investors, corporate investors, private customers and others who need the best financial services available all over the world. Customer centered services allow all customers to have the right financial services designed with their special needs in mind.

Building a business protecting and guiding the interest of others is a testimonial in itself of the excellence of BRL Trust Investment services. BRL Trust takes care of all funds administration activities and provides a “hands on” approach to get the greatest return for its customers. The total transparency by which BRL Trust operate allows customers and investors to know how their investment or funds are being taken care of and how BRL Trust has leveraged its knowledge and skills in their best interest.

BRL Trust offer exceptional financial services by giving their customers’ account their best efforts through their financial experts, who have experience and talent at getting the highest return on investments. Whether a private individual customer or investor, a corporation investor or capital investment group, BRL Trust gives their customers the attention and expertise that resulted in the growth and expansion of their services. They offer innovative fiduciary services, guarantee safe and reliable investments, funds administration and management to maintain up to date reporting on all accounts, and investment solutions to meet the needs of their investors. Customers can feel safe that they are in the hands of a world leader of investment and financial services.

Put your financial cares in the hands of a company who grew its financial services protecting the interest of others and receive the same attention and care for your accounts whether individual, investor, corporate or institutional. Let BRL take the work out of investing by using their expertise, knowledge and responsible manner of reporting that is transparent, honest and legal. BRL Trust Investment grew to being a worldwide entity with customers worldwide by being trustworthy. Have all of your financial needs met by trusting them too.