Thursday, January 06, 2005

The economy and other things

Here's an interesting report reviewing what happened in December. On the economy it says

Meanwhile, Ukraine's real sector continued to demonstrate impressive performance in November despite the political uncertainties. Real GDP grew by 12.4% year-over-year (yoy). This is one of the best GDP growth rates among all transition economies. Broad-based economic growth was supported by impressive export performance (43.3% yoy growth in ten months) and booming domestic demand (income growth reached 24% yoy). Unexpectedly, industrial performance improved significantly during the politically turbulent November following a deceleration in pre-election months. Industrial production accelerated to 11.3% yoy growth in November from 6.4% yoy in October. The outlook for Ukraine's economic development remains positive in 2004, although fiscal performance and inflationary pressures raise
concerns.

These are economic reasons why Ukraine is a good candidate for business and for investment. The problems of corruption and rule of law have been reasons to go slow. But those problems will be addressed by the new regime.

One quibble I have with the report is their view of the Supreme Court ruling. They say it didn't resolve the crisis. But I think it did resolve the crisis. It didn't resolve all the issues that caused people to take to the streets, but there was a crisis before they ruled because of so much uncertainty around. That was a crisis and probably the crisis of the revolution. If the court had not stepped in and imposed some certainty back onto the situation, there would have been confrontation. It created a basis for going forward where there hadn't been any before. Before that there had been "what do we do now" in the air. That was not a good thing.

But after the ruling, the CEC set the date for the election and seemed to have every intention of holding it. It was like a valve releasing the pressure and you could feel it. There were other things to do for sure and the fact that the Rada did not pass the revisions when first presented was a blow, but the election was still on. There was some certainty where there had been none before.

So the Supreme Court ruling didn't solve all the problems but it solved a major one and established an environment in which the other problems could be worked out. And it preserved stability.

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  4. Anonymous3:45 AM

    How to Get Famous -- In only 90 Days!
    by Joe Vitale

    "I am indebted to the press of the United States for
    almost every dollar which I possess..." -- P.T. Barnum,
    1891

    Charlie Stratton was a little boy who would not grow. He
    was destined to be less than three feet tall.

    His parents accepted the fact that he would never become
    a full sized adult. The neighbors felt sorry for the nice
    family and their midget. But no one saw an opportunity for
    greatness. No one saw the potential for fame and fortune.
    No one, that is, until one man came along in 1842 with an
    eye for hidden possibilities. That man was P.T. Barnum.

    Barnum taught the child to sing and dance. He taught him
    to express himself, to accept how he looked, to feel good
    about who he was. He also taught the boy how to charm and
    entertain crowds. And he named the young prodigy a name
    that still lives today: General Tom Thumb.

    Years later, after Tom was rich and world famous, his
    Connecticut neighbors would shake their heads and smile.
    "We always thought little Charlie was a nice boy but not
    very special," many said, "but we never knew he would
    become a celebrity until Barnum took him and Barnumized
    him."

    P.T. Barnum took many people who were talented but
    unknown and made them rich and famous. While Jenny Lind
    was known as the greatest Swedish soprano in all of
    Europe, few had any idea who she was in America. Yet
    Barnum hired her, managed her, promoted her, and Jenny
    Lind became so famous that 30,000 people met her ship
    when it docked in New York in the mid 1800s. Again,
    Barnum had practiced the art of "Barnumizing" someone.

    And to prove that his techniques worked, when Lind
    decided to save money and manage her own concerts
    without Barnum's help, her crowds grew smaller. Lind
    didn't get media attention. And she returned to Europe
    without fanfare. Yet it was the same Jenny Lind that
    the crowds had gone wild to see under Barnum's art!

    That art is not lost today, of course. Throughout 1997
    I smiled whenever I saw an article on the singer Jewel.
    Here you have a woman barely out of her teens, with
    only one CD released at the time, making front page
    headlines and cover stories on national magazines.
    Last I heard she had been hired to write her
    autobiography (!) and was paid more than a million
    dollars for it. Yet Jewel is barely an adult! How is
    this happening? Clearly, Jewel is being Barnumized.

    And that's how anyone can become famous today. You
    need someone skilled in the art of Barnumizing. There
    should be a latent talent or trait that can be
    publicized, of course, but even that can be gotten
    around. Richard Branson, the tycoon founder of many
    businesses, including Virgin Records and Virgin
    Airlines, Barnumizes himself by creating balloon
    flights around the world. Whether he actually succeeds
    at the trip doesn't matter. His events bring himself
    international publicity. And he is not promoting any
    talent except maybe the bold desire to be famous.

    I've been personally fascinated by publicity and
    publicists since I began researching P.T. Barnum a
    few years ago. Here's a taste of some of the people
    I've discovered:

    * Harry Reichenbach was an audacious silent movies
    publicist who made people famous in the early 1900s.
    In fact, his incredible creative ideas helped stop
    World War I.

    * Edward L. Bernays helped make such stars as the
    singer Caruso famous. And he got American women to
    smoke with a publicity event he helped orchestrate
    in 1929.

    * And publicists today continue to Barnumize people
    like chicken soup authors Mark Victor Hanson and
    Jack Canfield. One reason Deepak Chopra remains a
    bestselling author is the publicist behind him:
    Arielle Ford.

    But let's forget actors and actresses, authors and
    speakers, singers and celebrities for a moment. What
    about the average person? What about you? Can you be
    Barnumized? Can you be made famous?

    Without hesitation, I say yes. The secret is in
    hiring a publicist who knows how to find or create a
    news worthy subject out of you or something you do.

    There isn't any one way to fame that fits for all
    people. Sometimes all you need is one wild event to
    draw attention to everything else you do:

    * Barnum once showed a preposterous "Fejee Mermaid."
    The curious half-monkey-half fish increased his
    ticket sales 33%.

    * In our own century a circus once displayed a
    "Unicorn." While everyone knows unicorns aren't
    real, ticket sales increased 55%. Again, the one
    publicity stunt drew crowds to see everything else
    being offered.

    But you don't have to be wild and crazy to get
    attention. In an article I wrote titled "Hidden
    Selling," I talk about the various people who are
    getting rich and famous by sponsoring events that
    serve a good cause. Bill Phillips, for example, is
    selling people on the idea of getting fit. He gives
    away his book, and a video, and holds yearly
    contests. He donates his money to the Make-A-Wish
    Foundation. All of this is making Bill
    internationally famous. How does he make any money?
    He sells nutritional supplements. Back this fact is
    "hidden." What Bill is doing is getting fame, and
    then using that fame to make money. Very, very
    smart.

    One of the easiest ways to begin to seek fame is to
    write a book. You still have to promote the book, of
    course, but as an author you have an excuse to get
    publicity. That's what Evel Knievel wanted when he
    called me. He wanted me to help him write his life
    story. He knew that a book could bring him more
    fame. (I turned him down.) Many other people know
    this fact, too, from Donald Trump to J. Paul Getty
    to Madonna, and that's why they write (or hire
    someone to write) books for them.

    By now you've heard the quote from Andy Warhol that
    in the future everyone will be famous for 15 minutes.
    My belief is that if you create fame for yourself
    that sticks, that fame will be a credential you can
    bank on for the rest of your life.

    Take Evel Knievel. His publicity stunts Barnumized
    him in the 1970s. Yet we still know his name today,
    thirty years later. He wedged his name into public
    awareness through his fame tactics. And he's still
    cashing in on his name. In fact, his name is so
    strong that it has helped launch the career of
    another daredevil: Evel's own son, Robbie Knievel.

    Most people know the name Tom Thumb today, as well.
    Why? The fame Barnum created for his little friend
    still lives. Fame can do that for you, too. It can
    become a lasting advertisement for who you and what
    you do. From then on, everything you touch will get
    automatic attention. Tom Thumb used to sell toys
    and other products. So did Evel Knievel. As a
    result of their fame, these otherwise mediocre
    products sold. The products weren't important, it
    was the name associated with the products. The more
    famous the name, the more easily the products sold.
    That's why Pepsi hires the latest hot stars to
    appear in their commercials. Their fame brings
    favorable attention to Pepsi.

    But what if you can't afford a publicist? Easy.
    What you have to do is become your own publicist
    and Barnumize yourself.

    Let me explain:

    A year or so ago I wrote a news release that helped
    make Jeff DeLong---barely 28 years old---wealthy.
    The headline read:

    50 Ways to Leave Your Lover (or anyone else);
    Unusual cards don't greet, say Hit The Streets

    Paul Krupin of the ImediaFax news bureau sent it
    out by fax and email. As a result, Jeff did twenty
    radio interviews the day his release hit. The
    Associated Press picked up the story at least twice
    and spread the word to the media nationally. The
    number of times the story was reprinted is
    impossible to tally. But as a direct result, Jeff's
    website sales blasted to $20,000 a week.
    (A week!)

    What made his news release so successful?

    1. There was news here.

    I didn't have to dig too hard to see that Jeff's
    greeting cards were newsworthy in and of themselves.
    (You send his c-ya cards out when you *end*
    relationships.) Too many people send out news
    releases without any news. They are thinly disguised
    ads. Editors hate ads. They want NEWS.

    2. We tied it to current news.

    Valentine's Day was right around the corner. While
    Jeff didn't want to tie his release to that event,
    I knew that doing so would cause the media to grab
    his release. It helped make his news relevant.
    Whenever you can tie your product or service to
    existing news, you up the odds in being used by the
    media.

    3. We distributed the release to select media.

    Paul Krupin hand picked a list of media contacts.
    What you send out has to match the interests of
    those receiving it. Don't send artillery news to
    an anti-gun newspaper.

    You can get publicity for virtually any product or
    service. The media is desperate for news. Provide it
    and they'll advertise your business. But how do you
    find the right news angle? There are at least three
    ways: (1) Have news, (2) invent news, or (3) tie
    your business to current news.

    Jeff's release was an example of one and three. (His
    cards were news, and we tied it to Valentine's Day,
    which was current news.) Here's an example of number
    two: Inventing news.

    When Barry Michaels in Australia hired me to write a
    release for his clothing store, I had to hunt to
    find the news angle. I talked to him and learned that
    because he was getting bogus orders online, he
    started calling virtually *everyone* who contacted
    him. This turned out to be a breakthrough. Customers
    were in awe that a retailer in Australia would call
    them. Not only did Barry stop the bogus orders, but
    he increased his sales with this extra personal
    service. So I wrote a news release with this
    headline:

    Retailer Finds Way to Turn Bogus Orders Into Profit;
    Australia teaches the globe how to make money online

    As a result, the Investors Business Daily called him.
    Since that is a national publication, Barry's news
    release will turn into *thousands* of dollars in free
    publicity. Very nice.

    Finally, let me tell you what I did a few months ago.
    In mid-June I bought a mermaid. Yes, a mermaid. P.T.
    Barnum had one and I figured it would be cool if I
    did, too. It turned out to be a disappointment and I
    felt like an idiot for getting it. But then I saw a
    publicity opportunity. So I wrote a news release
    (using method number two) that began with this
    headline:

    Barnum Expert Suckered Into Buying "Real" Mermaid;
    Discovers curiosity as powerful marketing tool

    The response stunned me. The editor of the American
    Legal Association's newsletter asked if they could
    run the story. Radio hosts wanted to interview me.
    An A&E Biography TV show on Barnum plugged my book,
    causing my book to sell out overnight. Ah, I love
    this!

    The point is, news angles are everywhere. Start to
    think like a reporter, get creative, and plug you
    or your business *within* your story. It's the key
    secret to getting rich and famous today----within
    only 90 days---and with or without a mermaid!

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