Memphis People in Business: Jan. 19, 2023

Memphis People in Business: Jan. 19, 2023

From submitted press releases Here is a look at promotions, hirings, movers and newsmakers in the Memphis area business scene: Baker Donelson shareholder Craig C. Conley became a Rule 31 Listed General Civil Mediator for the state of Tennessee and is able to serve as a neutral party who assists in the resolution of disputes through a voluntary settlement process that is less costly, time-consuming, and adversarial than litigation. Conley is a member of the firm’s Health Care Litigation Group. A law school graduate of the University of Memphis, he also is a member of the American Health Law Association and the Association of Corporate Counsel, as well as the Memphis and Tennessee Bar associations. Baptist Memorial Health Care named Dr. H.F. Mason chief quality officer for the 22-hospital health care organization. In this newly created role, Mason will provide leadership and oversight for corporate quality, infection prevention, quality data, analytics, and accreditation and compliance. He will help develop a comprehensive clinical quality and safety strategy to maintain a high level of care at all Baptist Memorial facilities. Mason will also work toward earning his certified physician executive designation and a master’s degree in health care quality and safety. […]

StanChart Gets Okay to Set Up Wholly-Owned China Securities Business

StanChart Gets Okay to Set Up Wholly-Owned China Securities Business

Standard Chartered’s London headquarters. The bank is setting up a securities business in China.PETER NICHOLLS/REUTERS Chinese regulators have been busy recently in approving foreign financial firms to set up, or take control of, businesses in China. The latest example is U.K. bank Standard Chartered. StanChart on Thursday won permission to set up a wholly-owned securities business in China, which will be able to offer brokerage, underwriting and other services. It is following in the footsteps of other banks, including U.S. institutions such as Goldman Sachs . Other recent approvals include: Schroders last week received approval to establish a wholly foreign-owned public fund-management company. In December, Fidelity International received final approval to start selling mutual funds in China, joining peers like BlackRock and Neuberger Berman that can now directly manage money for Chinese individual investors. In November, insurer Chubb was cleared to take control of its Chinese joint venture. China scrapped ownership restrictions for foreign financial institutions in 2020, part of a trade deal signed by then-President Donald Trump and Liu He, China’s vice premier. Before then, foreign investment banks, asset managers and card networks were barred from operating on their own in China.

'NOT business as usual': Jim Cramer blasts 'dangerous' $4.3B bailout of crypto bank — here's how to prepare for a total collapse of crypto confidence

‘NOT business as usual’: Jim Cramer blasts ‘dangerous’ $4.3B bailout of crypto bank — here’s how to prepare for a total collapse of crypto confidence

Facing a wave of withdrawals from skittish investors, a crypto-friendly bank is staying solvent thanks to an unusual multibillion-dollar loan — a move Jim Cramer says should knock you off your chair. “This is extraordinary,” the Mad Money host and crypto skeptic tweeted last week. “A bailout loan from the Federal Home Loan Bank for a crypto bank to stem the run. I wish people knew how dangerous this is all getting. NOT business as usual.” Don’t miss ‘Hold onto your money’: Jeff Bezos says you might want to rethink buying a ‘new automobile, refrigerator, or whatever’ — here are 3 better recession-proof buys UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio to this exclusive asset class Rich young Americans have lost confidence in the stock market — and are betting on these assets instead. Get in now for strong long-term tailwinds The bank run — and the surprising rescue by a quasi-government “home loan” organization — is a sign of yet more instability for crypto investors after a disastrous 2022, which saw the collapse of major exchange FTX and the crypto market’s worst performance since 2018. If you’re worried that the bell […]

India flexes its muscle at Davos as China’s star fades

India flexes its muscle at Davos as China’s star fades

Davos, Switzerland CNN — The promenade at the World Economic Forum, dusted in a blanket of fresh snow, is cluttered with signs and pavilions from companies and governments courting attention or deals. There’s the tech giants, the major consulting groups, representatives from the Middle East. But this year, dominating the main street in Davos are emissaries from India , who have taken over at least eight storefronts with appeals to the elite gathering’s political and business class. “Every 10 steps you will have either us or a state government or a private entity,” said Deepak Bagla, the CEO of national investment promotion agency Invest India. One investor, Bagla joked, had described the thoroughfare as “Little India.” India has shown up in force for good reason. In 2023, as global recession fears persist, the country is expected to log the best performance of any major economy. The World Bank is estimating growth of 6.6%, compared to just 0.5% for the United States and 4.3% for China. If it can maintain its momentum, India will overtake Germany as the world’s fourth largest economy in 2026, knock Japan from the number three spot in 2032 and become only the third country with […]

Most midsize business leaders negative about economy, expect recession this year

Most midsize business leaders negative about economy, expect recession this year

Fewer than 8% of midsize business leaders in the United States have a positive outlook about the global economy today, down from nearly one-third a year ago. Moreover, nearly two-thirds expect a recession this year. “But the news isn’t all doom and gloom,” according to the 2023 Business Leaders Outlook Survey from J.P. Morgan Chase. “Most leaders (66%) are still optimistic about their own company’s performance. Nearly 90% expect to add or keep employees. And supply chain challenges have eased somewhat: 39% say it has gotten easier over the past 12 months to source materials and ship goods.” Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership. Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive: Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters. Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Noke Van Co. brings the first outfitted camper van-building business to Virginia

Noke Van Co. brings the first outfitted camper van-building business to Virginia

The #vanlife movement exploded in popularity in the last few year due to the rise of millions ‘working from home’ during the pandemic. ROANOKE, Va. (WDBJ) – Noke Van Co . is one of Roanoke’s newest businesses hoping to bring a little extra adventure to the region. They say they’re the first to bring an outfitted camper van-building business to the Commonwealth. Keri and Justin vanBlaricom know what it’s like to live on the go. Their family of 5 once lived in an RV for 15 months. Camper vans have been around for decades. In the last few years, the #vanlife movement exploded in popularity fueled by the rise of millions working from home during the pandemic. It inspired the vanBlaricom’s to get creative. “We lived in 400 square feet in an RV– that feels huge compared to the space and we were still able to renovate and find something new and different and how to better use that space,” said Keri vanBlaricom. The vanBlaricom’s have now settled down in Roanoke and considered it home. But they’ve always had a dream to help others also experience adventure and the Blue Ridge Mountains. So, they teamed up with their longtime […]

The Succession Advisor: More business owners than ever will soon sell

The Succession Advisor: More business owners than ever will soon sell

If you’re a typical business owner, there’s a strong probability that you’ll be selling your business in the not-too-distant future. If you’re a younger entrepreneur looking to own your own business, you’ll soon have plenty of chances to buy one. And if you’re a CPA or financial advisor, you’re looking at a big opportunity to provide advice and service. Here’s why. You’ve heard of the "Silver Tsunami?" That’s a common phrase for the upcoming wave of older Americans who will soon dominate our demographics. And it’s not a joke. According to the Census Bureau , baby boomers — those born between 1946 and 1964 — will all be over the age of 65 within the next seven years. At that time, these older Americans will make up 21% of the population, up from about 16% today. By 2060, nearly one in four Americans ( 74 million ) will be 65 years and older, the number of those 85 or older will triple, and the country will add half a million centenarians.

Times Union Business Roundup

Times Union Business Roundup

This is a carousel. Use Next and Previous buttons to navigate A rendering of the planned Mohawk Honda renovations Mohawk Honda in Glenville plans renovations to become one of the first Honda Blue Stage facilities in the nation. The site will include an open-concept showroom, polished concrete floors, a rooftop terrace, fireplace, lounge areas and a climate-controlled service center. The second floor will convert into an observation deck, where customers can get a bird’s-eye view of the inventory. The dealership will stay open during construction, via BBL Construction and Lansing Engineering, which will begin in April. Completion is expected in December. Cornell Cooperative Extension of Rensselaer County will hold a family and consumer science program development committee meeting at 9:30 a.m. Friday at the CCE office, 99 Troy Road, East Greenbush. The meeting is open to the public. For questions, or if if there are special needs to participate, call 518-272-4210. Following a national search, Siena College has named Rashmi Assudani, Ph.D., School of Business dean effective July 1. Assudani is associate provost of academic affairs at Xavier University in Cincinnati. She was promoted to that position in 2020. She has been a professor of management and entrepreneurship at […]

DW Business - Asia

DW Business – Asia

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video About the show DW Business Sendungslogo DW’s Business News offers a global perspective of the most important economic events of the day in 13 minutes. Informative reports and up-to-date assessments by our correspondents guide our viewers through the constant flow of information. Compelling stories show the human being behind businesses and the economy.

Why Business Owners Should Care About Privacy Regulation

Why Business Owners Should Care About Privacy Regulation

Web3 entrepreneur, investor, CBDC inventor, and founder of Panther , Bitt, BaseTwo, Fluent and Elemental. Collaborated with UN, MIT and IMF. getty Regulating privacy isn’t a brand-new idea. Nor is it exclusive to the Information Age. The roots of the right to privacy come from ancient Roman law and Greek philosophy . The distinction between the public realm (the polis) and the private realm (the citizen) was born in the same place as democracy: ancient Greece. It then influenced the Roman legal concept of “actio iniuriarum,” which established the inviolability of one’s residence and punished attacks on dignity and reputation—cornerstones of individuality. As modern privacy regulations unavoidably expand into the digital realm, the decisions being made right now will shape all of our futures. In this article, I’ll dive into how businesses can play an active role in shaping these norms and standards while attentively adapting to changes to remain competitive. I urge you not to idly observe as society settles on frameworks that will tremendously impact what the virtual world will look like. Preferences In Privacy Let us start by addressing an often-overlooked truth: Consumers prefer privacy. A free society dictates the kind of laws it wants according […]