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Learning Industry News and Opinion

Brazil Sees BRL43.3 Billion Investment In Innovation In 2010

July 21, 2009 16:00 by Ann Pace

RIO DE JANEIRO -- Brazil's investment in innovation is likely to reach 1.5% or 1.6% of gross domestic product next year, Luciano Coutinho, president of the National Development Bank, or BNDES, said Monday.

According to BNDES, 1.5% of GDP is the equivalent of 43.3 billion Brazilian reals ($22.7 billion).

In recent years, Brazil had been spending between 1.1% and 1.3% of GDP in supporting scientific research and development, Coutinho said.

"We plan to push this amount up to 2% in the next few years and get closer to other emerging markets such as China, Korea and Taiwan, who spend over 2.5%," Coutinho said.

Coutinho said developed economies like the U.S. spend 2.7% of GDP on innovation

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Categories: News

Categories: News
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What Will It Take for Near-Retirees to Recover From 2008?

June 23, 2009 16:00 by Ann Pace

(BUSINESS WIRE, PALO ALTO, California) Financial Engines, a leading provider of retirement help, today announced new analysis that looks at the impact of the market decline in 2008 on investors nearing retirement. The analysis found that even for investors within 5 years of retirement, modest increases in savings combined with slightly delayed retirement can recover their pre-2008 retirement outlooks if they stay in a diversified, age-appropriate portfolio. Those who moved to an all cash portfolio, on the other hand, have more work to do to get back on track. The analysis found that these investors are likely to have to delay retirement as much as 4 years above and beyond the steps needed to recover from the 2008 declines had they stayed in diversified, age-appropriate portfolios.

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Categories: The Economy

Categories: The Economy
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Financial Wellness in the Workplace

June 4, 2009 14:00 by jllorens

(Cherryl Hanson-Simpson, Thursday, June 04, 2009) "Employees with money problems are like sharks swimming around the workplace taking bites out of the bottom line." - E Thomas Garman, Personal Finance Employee Education Foundation

Last week we looked at some poor money habits that can cause you to feel distressed about your finances. These practices include spending more than you earn, not saving for emergencies, depending on credit for consumer purchases, not planning for financial goals and taking unwise investing risks.

Research has shown that people with money problems usually end up being tense, worried and depressed. The Centre for Financial Social Work has stated that "money issues are the greatest stressor in peoples' lives." Financial distress can actually lead to insomnia, high blood pressure, migraines and other serious health concerns.

While it's clear that people's money challenges impair their personal lives, it may not be that obvious that these troubles can negatively impact the workplace. What happens when financially challenged people go to work? Do they leave their money worries at home?

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Categories: The Economy

Categories: The Economy
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