L’ EUROPA che non vogliamo, di certo non con un’anatra a leva

Datemi un’anatra d’appoggio e solleverò l’Europa

MALTAway, ben altra sostanza, tutto un altro stile, le persone fanno la differenza nelle istituzioni  e in un paese!

Il neo-presidente della Commissione europea è già, a pochi giorni dal suo insediamento, un’anatra zoppa. Delegittimato dalle rivelazioni sui favori fiscali concessi, con accordi segreti, alle imprese che investivano in Lussemburgo quando era alla guida del granducato, deve stare “schiscio” nei vertici europei. Eppure gli è riuscito un miracolo: trasformare i 2 miliardi che è riuscito a racimolare nel bilancio dell’Unione in 315 miliardi, ancora di più dei 300 promessi per il suo mega piano di investimenti europei annunciato nel suo discorso d’investitura davanti all’Europarlamento. Com’è riuscito in tale straordinaria impresa? Innanzitutto ha deciso unilateralmente che la Banca europea degli Investimenti parteciperà alla stessa con 5 miliardi e mettendo in piedi un Fondo strategico. Peccato che la Bei, per ragioni di rating, eviti di concedere prestiti a investimenti che non verrebbero comunque finanziati dal settore privato…

Ma Juncker, si sa, ha una forte somiglianza con Severus Piton, il mago ambiguo di Hogwarts. A lui può riuscire di tutto. Pensando a lui, forse Archimede direbbe: datemi un’anatra d’appoggio e vi solleverò il mondo, pardon l’Europa.

http://www.lavoce.info/archives/31743/datemi-unanatra-dappoggio-sollevero-leuropa/

Qui a MALTA l’unica cosa che non posso condividere è il powder del Vallone di Bormio: MALTAway in winter mode!

Qui a MALTA l’unica cosa che non posso condividere è il powder del Vallone di Bormio. MALTAway in winter mode!

Ma in pieno inverno prendo un aereo e in 90 minuti sono a Bergamo e da lì in 2,30h sono a Bormio.

Chi vuole condividere con me l’esperienza o fare una vacanza in Alta Valtellina ci contatti perchè MALTAway è il tuo personal traveller anche per la stagione invernale (sci e terme) nella magnifica terra, per viaggiare, fare una vacanza a MALTA, in Italia , nel mondo

maltaway_bormio_terme_winter

MALTA la nuova mecca del turismo giovanile (ma non solo) nel Mediterraneo

Un festival musicale con DJ Annie Mac ad Aprile, un evento straordinario che ha una capacità di attrazione a Malta di oltre 6,000 giovani, che va ad aggiungersi alll’altro evento primaverile musicale degli Isle of MTV.

Queste sono alcune delle continue strategie e azioni che vedono il governo Maltese impegnato a sviluppare il settore e l’attrattività di Malta per 365 giorni all’anno e non solo nella stagione estiva, che qui va davvero da Maggio ai primi di Ottobre.

Il BBC Radio 1 presenter’s ‘Lost And Found’ sarà a Malta dal 3 al 5 Aprile, con artisti del calibro di Carl Craig, Green Velvet, Jamie Jones, MK, Kaytranada e naturalmente Annie Mac.

Il festival sarà organizzato in 8 aree principali, con eventi giorno e notte e numerosissimi boat e beach parties

Vieni a visitare l’isola con MALTAwayviaggi, prezzi da booking on line ma con il servizio del tuo personal traveller

MALTAway è la tua via per la tua vacanza e il tuo viaggio a Malta, per trasferirsi, investire, comprare una casa e aprire un’azienda a Malta

http://www.maltatoday.com.mt/news/budget_2015/46856/tourism_strategy_to_make_malta_youth_mecca#.VHgicTGG-So

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MALTA la casa degli Italiani, un paese eticamente evoluto ….. ma non è per tutti

Eticamente evoluto, vuol dire che la maggioranza delle persone fa quello che dice in un sistema di regole semplice e accettato.

I paradisi fiscali nascono grazie all’esistenza degli “inferni fiscali”. Alcuni di questi vivono e prosperano però non solo di minori tasse ma anche, per ricordarne alcuni, di minore burocrazia, minori costi di gestione, tempi più veloci nella risoluzione delle dispute……  di etica nei comportamenti umani che costruisce fiducia ben più di un favorevole ciclo economico.

Se rimani dove sei e non cerchi un modello diverso vuol dire che condividi, accetti e in sostanza ti piace ciò di cui ti lamenti ogni giorno, perchè alla fine è parte di te e tu sei parte di lui

Ci si aggrega per valori e comportamenti condivisi e ci si allontana per valori e comportamenti distanti

Questa è MALTAway, questa è Malta

maltaway_malta_paradiso_inferno

Where others fear to tread The controversial BOND strategy of a bargain-hunting bond trader. Returns are due solely to macroeconomic insight.

The best time to invest was “the point of maximum pessimism”

Since 2010, he has been investing enthusiastically in Ukrainian government debt, and now owns $8.8 billion of the country’s $16 billion of international bonds

Such bets can be lucrative. Over the course of 2011 Mr Hasenstab spent over $11 billion on Irish government bonds. The country had been downgraded to junk status amid fears of default; panicked investors were dumping their bonds, allowing Mr Hasenstab to buy at yields as high as 14%. Ireland’s skilled workers and lack of Greek-style civil unrest, he thought, would stand the country in good stead in the long run. And so they did: within 18 months he had earned well over a 50% return.

Mr Hasenstab argues that, with interest rates likely to start rising after a 30-year bull run in government debt, the only way to make money in bond markets will be to find other countries that the market is mispricing. So his international research team of 20, many of them with doctorates in economics, searches constantly for out-of-favour countries with hidden promise. They mostly ignore indices, benchmarks, ratings agencies and newspapers, focusing instead on data and first-hand research. Mr Hasenstab himself has visited 25 countries this year. Taking a long view is an essential part of the strategy: he asks investors to judge his performance over a minimum of three years.

Mr Hasenstab says of the IMF: “Their presence or lack of presence does not solely direct our investments.” His funds’ success does not hinge on a Ukrainian bail-out: his investments there make up only 4.5% of their holdings. He points out that he has done well in lots of places where the IMF was not involved at the time, including Hungary, Indonesia, Lithuania, Mexico and South Korea, and that he has avoided places where bail-outs seemed inevitable, such as Greece

http://www.economist.com/news/finance-and-economics/21635015-controversial-strategy-bargain-hunting-bond-trader-where-others-fear?fsrc=nlw|hig|28-11-2014|

Making Laker’s dream come true on longer routes. Ryanair of Ireland is now the world’s biggest international airline by passenger numbers, carrying 81m people last year. Budget airlines round the world, from Southwest in the United States to AirAsia in Malaysia, have succeeded where Laker failed by sticking to shorter routes

Ryanair of Ireland is now the world’s biggest international airline by passenger numbers, carrying 81m people last year. Budget airlines round the world, from Southwest in the United States to AirAsia in Malaysia, have succeeded where Laker failed by sticking to shorter routes

Now, a fresh attempt to undercut the incumbents on long-haul routes is beginning. Norwegian Air Shuttle, a low-cost carrier that has been expanding rapidly across Europe, has begun flying across the Atlantic and to Thailand. Next March Wow Air, an Icelandic carrier, will start flights on routes such as Boston to London, via Reykjavik, with introductory prices as low as $99 one way.

In Laker’s day, the fuel burned by long-haul planes made up a large proportion of the cost of operating the flights. That made it hard for budget carriers to find enough cost savings elsewhere to cut prices sufficiently to tempt flyers to switch from carriers offering more comforts.

This is now changing, with the launches of some new and far more fuel-efficient planes: Boeing’s 787 Dreamliner, already in the air, Airbus’s A350, which will start flying within weeks

However, there are some things that budget airlines find harder in long-haul than on short routes. The combination of long routes, time differences and airports’ night curfews can make it harder to turn planes around quickly. Overnight layovers mean paying for crews’ bed and board.

Selling enough tickets to fill a medium-sized “widebody” plane like the 787 several times a week, and thus to run a reasonably frequent service, is a lot harder than filling the smaller “narrowbodies” the budget airlines typically use on short routes

High-cost airlines have a little breathing-room, for now. When the skies are filled with swarms of them, fares should hit rock-bottom and Laker’s dream may finally come true

‘Smart Beta’: Bridging Active Vs. Passive and managing risk via volatility

Institutional investors have used alternative weighting and factor-driven strategies since the 1970s, though no one called them “smart beta” back then. Now that the term has become mainstream, nonmarket-cap-weighted ETFs have gained steam.

“Smart beta” approaches are currently the fastest-growing segment of the ETF marketplace, pulling in assets at twice the rate of the entire ETF market.

“The default setting for an ETF, a non-strategic beta ETF, is to be tied to an index whose components are weighted by market capitalization … A strategic (or “smart”) beta ETF, on the other hand, has its components weighted by some other criteria.”

Advantages & Disadvantages Of Smart Beta

To use smart beta effectively, you need to:

  1. Be able to identify which factor(s) can produce alpha
  2. Be able to identify when that factor will come in and/or out of favour via a market environment change

You may also need to overcome some disadvantages of smart beta; namely, the following:

  1. Ask yourself, does the expected alpha overcome higher expense ratios?
  2. More concentrated portfolios can increase return but they can also increase stock-specific risk.
  3. Wider spreads on trading these less liquid products require one to ask whether the expected alpha outweighs the risks.

Managing risk to the upside and downside via low-volatility and higher-volatility ETFs seems to be the most valid use of smart beta

http://europe.etf.com/blog/10378-smart-beta-bridging-active-vs-passive.html?showall=&fullart=1&start=2