Week 42, Thursday has arrived and it means our newsletter is in your inbox and also marks the week of the Chinese Communist Party congress in Beijing, presided by their current leader Mr. Xi Jinping. No doubt some visions will be forthcoming about the development of China and China's place in the world. China's impact is being felt globally in terms of business and investment but also increasingly as a "soft power".
A property bubble seems to be around the corner from my seat here in Stockholm. According to a recent UBS real estate bubble index we are no. 2 after Toronto. Let us see, doomsday predictions seem to be falling on deaf ears, perhaps because many of us are saturated with news and in particular bad news. Ideally there should be a Good News Network (GNN) insteadof or in addition to CNN.
In this issue we have an interview with an interesting shipping guy based in Hamburg. He gives some insight into the recent demise of Hanjin, which was the 7th largest container ship-owner in the world. Who would have thought such a large entity would default? So, yes, too big to fail is no longer a fact - even big "ships" can go under.
We also have a video documentary about the moving of an entire Swedish town due to their iron ore mine.
I want to draw your attention to some food for thought from World Mental Health Day. Most of us in business are busy trying to make ends meet and above all strike a life/work balance. Its not easy and no one goes through life without scars. It serves as a reminder for all of us to stop, relax and contemplate our next move before we become speed-blind.
Bo H. Drewsen