September 29, 2015
by Bob Meyer, Editor of BarterNews
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BXI Trade Exchange & ITEX Agree to Settle Lawsuit
On September 24, 2015, the lawsuit filed
in the United States District Court for the District of Nevada was
dismissed by mutual agreement between the parties via confidential
settlement. It was erroneously reported by BarterNews, on March 3,
2015, that ITEX had won the lawsuit against BXI, when in truth, no
trial had yet been conducted.
ITEX won a partial-summary
judgment motion regarding the use of statements that were proven
false, which would indicate that BXI was connected with the original
BXI exchange business (founded in 1960). BXI has agreed that it will
host its website at
www.NewBXI.com and include the words "Founded in 2012" along
with its use of the BXI Trade Exchange trademark.
because we have many people connected with the New BXI Trade
Exchange, who were officers and employees of the original BXI, does
not make us the same company. We are clearly a new company," stated
Frank Dobrucki, President of Global Links Corp and BXI Trade
The original company, BX (Business Exchange),
founded in 1960, is credited with inventing the modern barter
industry. The New BXI intends to "reinvent" the barter business with
a new platform titled: "A Totally New Way to Trade." A formal
announcement of the new business plan will be issued in the coming
BXI Trade Exchange, Inc. is a wholly owned subsidiary
of Global Links Corp.
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Three Megatrends That Will Affect
By IMD President Dominique Turpin
The future is hard to predict and a lot of "experts" regularly
get it wrong. However, there are some facts so important and trends
so inevitable that leaders would be ill-advised to ignore and not
try to anticipate. Here are three of many future megatrends that
will not necessarily determine what will happen, but will most
likely have a big impact on everybody’s business in the coming years
This is one of the only indicators that cannot lie about the
future: Tomorrow, we will all be older than we are today!
Some of the major changing tides of demography may have important
political, economic, and potentially military consequences. For
example: what are the implications of Russians having a life
expectancy of 59, versus 61 for Bangladesh people?
Statistics show that populations in Europe and Japan are having
fewer children, while both places face distressing recent levels of
youth unemployment. This makes for some potentially troublesome
situations such as smaller less-experienced workforces who will have
to financially support larger elderly populations. And right now
Europe is witnessing a historic migration crisis. What effect will
this eventually have on its long-term demography? Only time will
For many mature economies like Japan and the U.S., the
workforce will be older, healthcare costs will be higher, and it
looks like we will see diminishing pension benefits. Overall
competitiveness in these countries is being challenged.
Looking to another part of the world, a number of analysts are
betting that China, the most populous country on the planet, will
take up some demographic slack and be the growth engine of the
future. While today’s generation may be relatively prosperous,
smaller numbers of the next generation will have to support a
massive pool of aging citizens. Mainland China will still fuel world
economic growth, but the pace of growth will more than ever vary
province by province.
There will be big growth in the world
but it will be elsewhere in places like India or the African
Continent, where there will also be some big opportunities. Over the
next five years, some African economies (Ethiopia, Mozambique and
Tanzania, just to name a few) are likely to grow as fast as, or
faster, than some of the recent Asian champions.
comes with challenges however. It could easily be squandered if
problems like corruption, political instability, lack of
infrastructure, and poor education persist or get worse.
These predicted shifts in demography don’t only spell decline,
though. There will be a lot of room for new business opportunities
in the healthcare and nutrition sectors for example. Infrastructure
will need to be redone and rethought, creating a lot of openings for
building and technology innovators. Companies need to be creative
and find new business models to take advantage of the shifting
makeup of their operating countries’ populations.
Explosion in technology
If you think we have seen a
stark increase in technology in our lives over the last few years
with the omnipresence of smart-phones and wearable heath trackers,
you haven’t seen anything yet.
One example of how fast we
have been speeding up is that the number of mobile web users is
growing eight times faster today than the number of people getting
on desktops in the mid-1990s. And this change will only continue to
In the coming era, everything will be
connected: from buildings to roads to satellites to your
refrigerator. The internet of everything is on its way. Advances in
3-D printing will change the cost and efficiency of making a lot of
products and even body parts or organs.
You have probably noticed by now that we
are living in an increasingly volatile, uncertain, complex, and
There is no end in sight and leaders are
struggling to cope. Add to that the fact that all sectors are
becoming more transparent; leaders are much more exposed today than
they were ten to 15 years ago. They are under pressure for quick
results in a difficult environment with an unprecedented level of
scrutiny for their every decision.
We need great leaders
more than ever to overcome the challenges we face ahead. But it is
getting harder and harder for leaders to navigate obstacles and to
obtain the mandate and leeway needed to make their mark.
What can we do?
In these tough times some
of the biggest, and most common mistakes companies can make are to
compete on price or to lower investments in education, research and
development or innovation.
The most successful organizations
will continue to invest in innovation in a broad sense and
relentlessly collect business and customer insights. They will also
focus on "customers' headaches" — not just their needs — to ensure
that they have a great experience, once is not enough anymore.
We all face tough times ahead and no one approach will work for
every organization or in every industry. But if you follow these
general principles you will be off to a good start.
stakes are high; these megatrends are all but certain to come and
have the potential to make or break your business.
you preparing for the megatrends of the future?
information on IMD, click here.
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The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today's New Age
There are many forms of secondary
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