UL US Going to Hannover Messe for First Time

HM2016_Banner_WebThe United States is sending the biggest delegation it has ever sent to the Hannover Messe this year. Hannover Messe is the world’s most respected trade convention for industrial and manufacturing technologies, which takes place April 25-29 in Hannover, Germany.
UL, a US safety science company, has been sending a delegation from its European subsidiary, this year a group from the US is joining as well.

“While UL in Europe has been participating at Hannover Messe for more than 15 years, we are excited to join the US business delegation and are looking forward to welcoming visitors at our two booths this year,” said Gitte Schjotz, UL’s SVP and president for EMEA and Latin America.

“UL empowers the next industrial evolution through safe adoption of industrial automation, energy, digital factories, cybersecurity, industrial supply and technology.”

Hannover Messe is expecting upwards of 200,000 participants from over 70 countries. The event attracts investors, buyers, distributors and resellers as well as government representatives.

Norfolk Southern Railroad to Remain Independent as Canadian Pacific Gives Up on Bid

Two NS freights head east on the Pittsburgh Line. Photo by  jpmueller99 from Shenandoah Valley of VA, USA
Two NS freights head east on the Pittsburgh Line. Photo by jpmueller99 from Shenandoah Valley of VA, USA

Canadian Pacific Railroad, which operates rail service in Canada and segments of the Midwest and Southern United States, announced it will end its efforts to purchase its rival Norfolk Southern.

Norfolk Southern responded negatively to the almost $30 billion purchase, saying it did not think regulators would approve of the deal. Ownership of Norfolk would have expanded Canadian Pacific’s rail-reach to the East Coast, the Midwest and the South. Norfolk Southern is based out of Norfolk, Virginia.

Norfolk Southern Corporations stock price dipped almost 2 percent in trading before the opening bell on Monday. Canadian Pacific Shares were not affected by the announcement.

Miami Business Opens Office in Cuba

La Habana. Photo from Wikipedia.
La Habana. Photo from Wikipedia.

The International Port Corp, a Miami-based shipping company, is the first US company to open a staffed office in Cuba since restrictions on US trade with Cuba have been eased.

A number of companies have applied for and have been given licenses from the US government to open operations in Cuba, but so far only IPC has followed through. Owner and President of IPC, Larry Nussbaum, said that his company rented a warehouse in Havana from the government of Cuba. It is staffed with six employees who were hired by a Cuban government employment agency. IPC pays the employment agency.

“The opportunities are great. Cuba is open for business,” Nussbaum said. “Now we need the American legislation to make it legal for companies like mine to expand what we can legally do in Cuba.”

IPC was first awarded their license to ship between Miami and Havana in July 2012 on humanitarian grounds. Since that time Nussbaum has expanded his company to also include commercial shipments and cargo for diplomats, by air and sea.

Despite the lifting of restrictions there has not been a serious upsurge in shipments to Cuba because Cuba is not buying too much from the US right now. The main problem is that the US embargo does not allow the offer of credit to Cuban purchasers of US products, so there is no competition in the market.

“The growth of my business is dependent on the U.S. making more activities legal,” Nussbaum said.

Employment Opportunities: Moving from Government to Private Sector

When looking for employment opportunities, one question often posed is whether to seek a position in the government or private sector.  The decision ultimately depends on many variants as well as demographics and priorities.

It is a long, thought-out decision for many.  So much so that an entire discussion took place on Quora – vis-à-vis the Indian community – on this subject.  This indicated that some people find it very difficult to make the switch.

Despite these difficulties, many make this switch quite successfully.  For example, consider Sheryl Corrigan, who in 2006 worked for the Minnesota Pollution Control Agency as Commissioner, advising the governor and assisting the strategic direction for the state on environmental matters.  Today, Sheryl is Senior Vice President of Environmental, Health and Safety at Koch Industries.

How do Ms. Corrigan and others accomplish this difficult feat?  In 2012, Elizabeth Bacchus wrote an article in The Guardian entitled ‘How to successfully move from the public to the private sector.’  Given that at that time in the UK, it was predicted that a staggering 500,000 jobs in the public sector would be cut within 3 years of the article’s writing, people were looking for tips on how to make the switch.

The article outlined seven main areas on which people should focus for making the switch.  These were:

  1. Taking a focused and targeted approach
  2. Removing public sector terminology
  3. When speaking to recruiters, seeing if they are adept at helping with this particular transition
  4. Using social media
  5. Tailoring a resume to focus on private sector positions
  6. Understanding that customers are different from service users
  7. Looking for a job that isn’t formally advertised

In an article written last year on Renovo.uk.com, it was determined that “the gulf between public and private sector mindsets appears to be narrowing.”  Still though, what remains is “a significant difference between the short term mind-set of the majority of profit seeking companies and the longer-term approach taken in the public sector.”

Further, as Dan Ovsey noted in an article in The Financial Post a couple of years ago, “While no hard data exists in Canada to show the success or failure rate of government workers transitioning to private-sector roles, international research shows there can be some harsh perceptions of public sector workers among private sector hiring managers.”

Thankfully for those in this position, things might be changing for the better overall, and people’s experiences differ when moving from government/public to the private sector for work.  But it will take time to completely remove the stigma of how private sector employers view those who have been working in the public sector for most of their careers.

Upcoming Estate Planning Conference

The Ave Maria School of Law Estate Planning Conference is now welcoming sign-ups. This will be the third annual year of the conference and it’s taking place on May 6, 2016 at the Ritz-Carlton Gold Resort in Naples, Florida.

The event will be featuring Jonathan Blattmachr of Pioneer Wealth Partners and Stacy Eastland of Goldman Sachs. The evening before, on Thursday, May 5th, there will be an evening with Jonathan Blattmachr which will include a talk about “What the Number One Estate Planner in the US Has to Say to Affluent Friends and Their Advisors.” The next morning, the keynote address will be about “Innovative Strategies for Life Insurance and the Use Thereof,” “Pulling the Rabbit Out of the GRAT Hat,” and a speech about “From Cyberspace to Office Space.”

Speaking sessions during the day from Mr. Eastland will include: “Pulling the Rabbit Out of the GRAT Hat: Some of the Most Creative Structural GRAT Planning Ideas We See Out There,” “What We Wish We Knew When We Started Practicing Law-Non-Tax and Practical Advice for Estate Planners Young and Old,” and “Planning for Intellectual Property Rights and the Creators Thereof.” Those from Mr. Blattmachr will include the pre-conference evening, “Innovative Strategies for Life Insurance and the Use Thereof “ and “What We Wish We Knew When We Started Practicing Law-Non-Tax and Practical Advice for Estate Planners Young and Old.”

The conference is perfect for estate planners including trust officers, attorneys, accountants, insurance advisors and wealth management professionals.