PodCast

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Death of the Salesman

Welcome to a new edition of the P4Digital rotating round tables.

Our special guest this week is an expert in sales, and how new technologies are changing how they are being conducted in both corporate and retail locations.

Curious about the future of sales? Well, stay tuned and enjoy.

Stay tuned and enjoy

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Volckers Volley or Folly

Paul Volcker is an American economist who was the chairman of the Federal Reserve, under Presidents Jimmy Carter and Ronald Reagan. He is still working though, and is still making recommendations that could forever change the American banking scene.

The P4Capital team investigates.

Stay tuned.

Transcript


Amanda: Change is never easy – but sometimes it is necessary. In this week’s round table discussion the P4Capital executive team talks about former chairman of the Federal Reserve, Paul Volcker, and changes he is recommending be made to US banking.

Jim: Today’s topic, or this week’s topic, is about Paul Volcker’s recommendation to put US banking and financial industry under one roof.

Shaheerah: Yes, he has outlined a new plan for revamping the way that the US government is going to oversee their financial plans. And he’s going to be publishing a paper soon which is going to talk about consolidating and reorganizing the US financial regulators, so what they’re going to do is create one single agency to supervise the financial institutions, while the Federal Reserve will be responsible for writing these regulations.

Archana: Paul Volcker is not new to devising strategies. When he was the Chairman of the Federal Reserve he actually was the person who in fact tamed inflation at that time. More recently, he also came up with the Dodd Frank initiative itself, where we wanted banks to engage less and less in risky, Wall Street style trading, and I guess this Volcker Alliance, which terms itself as a think tank, was basically set up to improve the way government essentially works at the local state and the federal level in terms of policy making and the financial decision-making.

Jim: With that said is, the current system in the US has a heavy regulation feel to it. The institutions that play in the US are now pushing back at a fairly aggressive rate, of saying “My business is my business. My business is not supporting your regulation.” In fact, the US has leaned heavily on the regulators side over the last seven years since 2008. Some of the legislation is badly needed, but some is over the top and more importantly, in Volcker’s words, is “why is the futures exchange being regulated by the Ministry of Agriculture?”

Shaheerah: This new plan is that the Fed would write the regulations, and then another agency would make sure that these rules and regulations were actually being followed. So this would be a combination of the Federal Deposit Insurance Corporation, the office of the controller of the currency, the Fed and then the other regulators such as the SEC and the CTFC. Paul Volcker was also responsible for proposing the Volcker rule, and the role prohibits short-term proprietary trading that Archana was talking about, of the securities of the securities, derivatives, commodity futures and options on these instruments on their banks’ own accounts. Basically this rule is to prohibit activities that don’t benefit the banks’ customers.

Jim: But in fact benefit the banks themselves, as long as they introduce the element of low to very high risk. Correct Shaheerah?

Shaheerah: Yup. And it was estimated that the banks would have to hire 3000 new employees in order to implement these rules, and another study had already mentioned that it would actually cost 350 million dollars for the banks and the investors in order to implement this rule.

Jim: So a billion dollar overhead put onto the banks by and large by the representatives that may or may not have their voters’ best interests at heart. It’s an interesting conundrum. We are hoping Paul Volcker wins this one.

Archana: So by the way, while we’re on this topic of regulations and compliance, we at P4Capital – we specialize in these kinds of jobs. So if you’re a person, or a capital markets professional with specialization in this area, or any other capital markets area, please do not hesitate to either give us a call or to send us your resume. We absolutely look forward to hearing from you. And that number by the way that we can be reached at is (416)363-9888. And you can either ask for Shaheerah Kayani or Archana Ravinder.

Jim: And the interesting part of what Archana just mentioned there, is not only are we at P4Capital dedicated to this space, we also understand the heavy impact that new legislation, new rules, new governing bodies have on the overall industry, and the complexity of big data coming onto the market from a global sense. So when we look at Chairman Volcker’s think tank recommendation, we understand the very many sides that he is speaking from. Not only from a centralized regulatory body, but the impact on big data, the impact on being able to do very fast high frequency trading, and be extremely competitive in the world.


 

That was the P4Capital team discussing the Volcker Recommendations, and the impact they could potentially have on banks. What to know more? Check out our website  and previous posts at www.planet4it.com or follow us @p4capital. Thanks and see you next time.

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Through the Crystal Ball Part 2

Last week we speculated on what the future might hold for fossil fuels and renewable energy. Now, the P4Capital executive team concludes that discussion with this week’s round table discussion.

Stay tuned.

Transcript


Amanda: And we’re back! Here is part two of through the crystal ball: the future of oil.

Jeremy: So that immediately suggests again that demand for oil will drop due to a technology shift. In fact, if one actually looks at the history of oil as a technology driver it’s less than 100 years old. In most economies it’s less than 75 years old. Which, that breakthrough that Shaheerah noted right now, will change the composition and make up of most trading markets around the world instantaneously as that becomes a commercialized venue for fuel.

Shaheerah: I also wanted to mention some predictions that scientists have made. So currently right now we are in 2015. By 10 years from now, scientists predict that by 2025, methods of converting and storing solar energy will be so advanced that solar energy is actually going to become the primary source of energy on the planet. A company called Tesla has predicted that by 2025, electric vehicles will take over the traditional vehicles we have. Batteries will store more energy in 2025, and batteries will recharge 10 times faster, resulting in electric vehicle fleets that can be used both on the ground and in the air. And so, small-scale commercial aircraft will be powered by light lithium ion batteries. This will actually be the preferred way of short-haul flights.

Jim: And again as a supplements to Shaheerah’s point right now, Tesla is a fine, fine automobile. There are no fossil fuels in Tesla what-so-ever. So how long will it be that one can drive your car from here to 500 km away without worrying about any refuelling. I think that day is within the next year.

Amanda: On a side note here, a car called the Strati is hoping to hit the roads later this year, that’s in 2015. This is a 3D printed car. It takes 24 hours from conception to finished product.

Jim: And when had I talked about the smart manufacturing that in fact is exactly prime example A of what smart manufacturing is. You walk in, you work with a 3D cartographer, and you’re able to come back the next day for your finished product. Mind blowing, is it not?

Archana: It sure seems like we’re living in exciting times, all the data that Shaheerah and Jim just provided to us, I mean it just seems like the amount of technological advances that we’ve made. Obviously, oil is going to become less and less relevant over the coming years. But a recent study by a US government backed energy information administration actually estimated that only about 11% of the world market energy consumption at the moment comes from renewable energy sources, which includes your geothermal, your hydro power, your solar, wind and other sources. BP actually puts this at 9% of world-wide energy consumption in 2013. So just about 9% of worldwide energy consumption was attributed to renewable energy resources in 2013. By estimates, they put this number by, 2040 at 15% of global energy needs coming from renewable energy sources. All these technology advances does make me wonder why has the adoption been so slow. One of the reasons that I, while I was researching this subject, that I can across was the cost of production, storage and the transportation of these bio fuels still remains very high.

Jeremy: There’s another point to be made here about how the future of manufacturing is dependent on oil. To look at it from a different angle that we have, and to quote the movie The Graduate, plastics – the future is plastics.

Jim: Again, somewhat interesting commentary by Jeremy. P4Capital is dedicated to the women and men who work within the trading systems; all sorts of products and monies as they’re being trading. This change in the way fuel is developed into the overall economy will mean dramatic, systematic shifts in the way money is moved around the world. I’m wondering if today’s technologies in the capital markets, and those that have invested in their wealth management portfolios, are quite aware of what’s going on in these changing times.


 

That concludes the P4Capital teams discussion on the future of fossil fuels.  To listen to part one, or just check out some of our other round table discussions, check out our website  at http://www.planet4it.com or follow us @p4capital. Thanks and see you next time.

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Job Revolution: Recruiting in the Digital Age

Welcome to a new edition of the P4Digital Round Tables!

This week we have a special guest star – Nadine Lamothe, one of the officers here at Planet4IT. She will be joining us today, along with Jim Carlson and Andrew Carlson, to discuss Job Hunting and Recruiting in the Digital Age.

Stay tuned and enjoy

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Rise of the Digital Space

Welcome to a new edition of the P4Digital Round Tables!

Who among you would love to work from home. With Digital technologies it’s becoming easier to do. This week the P4Digital executive team examines the rise of the digital space.

Stay tuned and enjoy

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How are jobs and careers changing in the Digital Age?

Welcome to a new edition of the P4Digital Round Tables!

Digital marketing is changing the face and infrastructure of the world. The job of recruiting is not exempt from this. This week, the P4Digital executive team examines how their jobs are changing in this new age.

Stay tuned and enjoy

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What did 2014 bring to the Digital world? P4Digital investigates

Happy New Year listeners and welcome to 2015! In honour of the new year, The P4Digital Executive team will be examining what 2014 brought to the Digital World, and what 2015 might change.

Stay tuned and enjoy

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P4Digital discusses the growth of the in house digital department

The P4Digital Executive team will be discussing the rise of the In House Digital Department this week – and whether or not companies should use them, or continue to outsource their digital work.

Stay tuned.

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Introducing the P4Digital executive team and Round Tables

The P4Digital group is joining in the Podcast community with a series of Round Table discussions piecing together what the Digital revolution means.

This is their first – what Digital means to them and what it means for the world economy.

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P4Capital explores the relationship between the Bank of America and Litigation

What is happening with the Bank of America? Litigation costs, legal concerns, offical statements – all of which have been cropping up in international media recently.

P4Capital looks past the Spin and investigates what’s really happening with these big banks.

 

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